Ep. 554: How Much Money Is Actually Enough for Retirement?

0:00The pot, that word entertainment. Gostumong bang malaman ko magkano ang kelangan mo for retirement, isit 5 million, 10 million, 20 million, bago ka mag retire. The question is how much is enough? If you want to know the exact amount, you have to finish this episode. Hi, I'm Chingitan, and you're listening to Ching Positive Podcast, where I aim to equip you to become wonty and that free. Teaching you on how to save budget, get out of debt and invest. Let's get into the episode. Hi there, welcome back to Ching Positive. Today, I'm not going to give you a magic retirement number. Actually, what I want to do is something different. I want you to imagine your life right now. Hindi yung bakakal mo hindi yung investment, mo hindi yung network, mo yung buhay mo yung. Because sometimes we're so busy preparing financially for retirement. We haven't really asked ourselves this question. What do you think is the right way to do it?

1:03Oh oh. So imagine today, it seems like we don't have time to go to the same coaching session. I'll ask you a few questions, and then don't rush your answers. If you're not sure, because your definition probably of enough, or in the past, might tell you more about retirement than any random number that's in mind. Okay, it's the first question that I would like to ask. What does retirement actually look like for you? Imagine you're 65. Oh, I'm so active. Monday morning wake up, you're not working, you're not doing anything, you're not doing anything, right? So you have time. What are you doing? You're driving. Think about it. You're driving. It's like a house. It's more comfortable, it's a province, it's a city, right? It's a travel, right? What do you do? I'm... When I imagine, honestly, I'm doing... I'm just going to be able to tell you what I'm doing.

2:03Everyday, pickleball. Oh, oh, Gravy. Even though I'm doing pickleball, I enjoy it a lot in pickleball, because it's fun. At the same time, it's a lot of time. Right? So, what's the difference? What's the dream that you're doing? The retirement is a lot of work. At the same time, of course, if you want to do something, how much money do you need for retirement, right? You need to have a dream. It's very important that you know what you want to do. Because if you want to travel, you need to travel. You need to travel. But you need to have a lot of travel. So, you need to visualize what you want. What's your retirement? Number two, is it your dream you want to do or is it someone else's dream? You need it. Like for example, do you want to do something that you want to do? Do you want to do something? Right? Because it's just important that you need to be able to do something. Do you genuinely want them?

3:03Or somewhere along the way, do you have a dream? Or do you encourage them? Think about this. This is what you need. If you know that you could see your house, you can see it. You can see it. You can see it. If you're living in a house if you're living in a house that you can see it. Even if you're living in a house that you can drive. If you can't see your home, you can see your home that you can see it. That's what you need. And I hope that when you do things, it's not because you're just a child. It's just a child you want. Right? Third question that you need to ask, what are you trading for more? Because you're not able to retire. You're not able to do it. Because you're not able to do it. Because you want more business, more income, more properties. But you know, it's just like you just started to talk. It's just that you want more properties and other five million that I can spend my business five more years. Okay. Nothing for wanting more. But here's the question.

4:03How much is enough? Right? Because you want more in your business. Because you want more. How much more is it costing you? If you work for another five years, is it more time with your spouse, time with your children, your health, your energy, right? You want more. Because at what point does earning more stop making your life better? Because if you don't know what I'm saying, you know, you're not able to do it. You're 17 or 18. That's what I'm working for. That brings me to the fourth question. What would enough feel like? Now, I want you to complete this sentence so that you know how much is enough. I will know I have enough. When? You know, you feel it's not enough? How would you finish it? When I'm not going to work, when I'm not hungry, when I'm not hungry, when I have passive income, right? That's what you're saying. How much is enough? If you want more, it's a specific number. For me, if I'm earning

5:05X amount of money per month, I think this will be already enough, right? So enough isn't always the biggest number. But there are still a lot of things to do. You're not enough. Sometimes it's time-free. Sometimes the amount of money enough for me, the most important restaurant that I order is to be auditing in the press. The most important thing for me is whenever I eat the food that I can eat, I can go to the restaurant. Right? So how much is your enough? And yes, when you're not clear to say, you know it's a moving number. And I don't want you to come to a point in your life and you're like, you're going to work hard. So your life shouldn't become one and less mission to accumulate money. It should be there to fulfill your calling and purpose in life. Before we finish this podcast, and I want to issue one challenge that you can do for this week. Let me ask you, do you want to learn how to prepare for the tournament?

6:05But you don't have to know if you're able to prepare for the tournament in order for you to retire comfortably. If you want to learn, I retired a free. Again, free retirement session for you. If you're not free, go to my YouTube channel, search for the free retirement session that you can get on the YouTube channel and watch the free retirement session and put a link in the podcast description so you can easily access it. Now, here's the challenge for this week. While the calculator is not spreadsheet, it's not retirement formula. Get a piece of paper and complete this three sentences for me. It's a total of three. Number one. And the retirement life if you retire. What do you think? What do you do? You're a person who invests in the risk of the risk. That's number one. The life that you want. Number two. The things I no longer need to impress people with are, I want you to be honest. I don't want to be alone in the weekend. I don't want to be a new person. I don't want to be alone in this.

7:05In other words, simply hand cut down. And number three. I will know I will have enough when, like for example, if I have more time with my family, if I don't have to worry about my bills, I know I will have enough. If I have monthly income, that's $100,000, $200,000, a million a month, I can't be home at work. So I want you to answer these three simple questions. So I hope that this podcast episodes has enlightened you and challenged you to think more about your future. Because maybe the answer that tells you are actually in front of you, but you don't have to realize it. And you know what? This podcast episode is called This is Chinkitan telling you to stay healthy, stay young, and stay, change positive. The opinions of podcast creators, hosts and guests are not necessarily reflective of the official stance of the pod network entertainment. It's hosts or other network programs. The content created by the people behind the podcast is personal and not mentored in a religion,

8:06ethnicity, group organization, company, or individual.