
732-Friday Q&A: Proper Planning for Young People, Infinite Banking, Retirement Income, Etc.
Radical Personal Finance
00:00
Is Your Dad in a Stockportfolio?
If your dad is 79 years old, and we do a 20 year perspective, and let's say he doesn't spend the money. He keeps two to 300 thousand dollars on the side as his emergency fund. A seven % return in 20 years, he's got one point nine million dollars. That's a huge difference. And those kinds of differences are achievable if he moves in the direction of an aggressive portfolio. But i want to make sure that he's really clear on why he's doing that. Ah, at the end of the day, maybe it is muny bonds and cash. Something wrong with it.
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