The Ultimate Traditional vs. Roth 401(k) Strategy
The Money with Katie Show
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The Importance of Living Modestly
The intent here is to show what would happen if someone who made a ton of money still lived modestly and invested the majority of their income. Yeah let's say we have an individual who makes a 150k per year but still spends like our friend who makes 60k so if they're spending about 3300 a month. If this individual works for the same 25 years and only increases spending by 3% per year the same way they will retire after 25 years with 7.7 million dollars. Maybe the point of this episode should be increase your income because damn the save withdrawal rate on 7.7million is $308,000.
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