TIP456: How to Build a Wealth Plan for Financial Independence w/ Katie Gatti
We Study Billionaires - The Investor’s Podcast Network
Intro
This chapter delves into creating an effective wealth plan to achieve financial independence, covering essential topics such as retirement needs, cash reserves, and investment strategies. It also discusses the importance of alternative investments, philanthropy, and balancing resources in personal finance.
IN THIS EPISODE, YOU'LL LEARN:
- 14:38 - How to calculate your retirement needs.
- 20:32 - How to determine how much cash you should reserve.
- 39:46 - How to think through investment account types like 401ks, IRA’s, Roths, etc.
- 51:17 - The ideal allocation of index funds.
- 1:00:34 - When to consider alternative investments like real estate or small businesses.
- 1:04:23 - Time and Energy trade-offs while determining your approach.
- 1:08:59 - How to incorporate philanthropy.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Money with Katie Podcast.
- Money with Katie Blog.
- Copilot Budget Tool.
- Portfolio Visualizer Backtest.
- Katie Gatti Twitter.
- Trey Lockerbie Twitter.
- New to the show? Check out our We Study Billionaires Starter Packs.
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