The Psychology of Money

The psychology of money is about allowing a margin of error. So like planning your life, not based on a 10% retirement return, well, can you live on 5% return and anything else is a bonus? The future value of that portfolio at $100,000 today, $700 a month,. not accounting for pay rises, not accounting for putting extra money in, just really conservative, is $1,0,139,000 basically. If we want to take away inflation of 3%. We need to take away fees and taxes combined at 1%. So 5 take away 4. Guess what friends? It's 1%. so in the same calculator, I've put 1% interest rate

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