Understanding the 2% Rule for Wealth Preservation

This chapter discusses the 2% rule for wealth preservation, focusing on its implications for retirees amid inflation and changing asset prices. It also highlights the challenges of transitioning from active business income to passive withdrawals, and the significant financial adjustments that may come with that change.

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Episode notes

Trey speaks with accomplished real estate entrepreneur, Michael Sonnenfeldt, about his experiences and takeaways from his private club, Tiger 21, as well as his early life achievements and other topics. Michael is also the author of the book, "Think Bigger: And 39 Other Winning Strategies from Successful Entrepreneurs."

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:46 - What Michael learned from achieving his dreams early in his thirties.

19:59 - What he’s learned from subsequent wins and losses.

36:16 - How it led him to found Tiger 21 and how he leverages surveys from the group to better understand the economy and preserving wealth.

55:14 - Michael’s personal views on recession risks, education, meditation.

Disclaimer: Slight discrepancies in the timestamps 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.
Visit Tiger 21 Website.
Think Bigger Book.
Check out Michael Sonnenfeldt's Website.
Check out Trey Lockerbie's Twitter.

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