104. Financial Runway
Build A Wealthy Spirit
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Understanding Financial Runway and Its Impact on Lifestyle Choices
The hosts delve into the concept of financial runway, explaining how having enough savings to sustain one's lifestyle without traditional work income can enable pursuing creative projects, achieving early retirement, and attaining financial independence. They discuss calculating the financial runway by analyzing savings, investments, and projected expenses, as well as the implications of the 4% rule based on the Trinity study. Personal experiences and insights are shared to showcase the importance of having a financial runway for confidence, peace of mind, and financial stability.
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