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Episode 2864:
U-Ming Lee challenges the outdated concept of traditional retirement, emphasizing the importance of planning for a future where stopping work at a predetermined age is unrealistic. He advocates for simple life insurance plans and building a career on substantive work rather than following trends, preparing for a dynamic and unpredictable financial future.
Read along with the original article(s) here: https://themakingofamillionaire.com/traditional-retirement-is-dying-this-is-how-im-preparing-for-a-future-without-it-45829394ed3d
Quotes to ponder:
"Play stupid games, win stupid prizes."
"Stick to a simple life insurance plan that you can understand and resist the urge to add too many features."
"Purchasing life insurance is a no-brainer, think of life insurance premiums as putting money aside for a rainy day - something you want to set and forget."
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Optimal Finance Daily - Financial Independence and Money Advice