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How to Live on a Million Dollars Forever

65,510 views November 5, 2018 8:25

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ChannelMike Rosehart

Description from the creator

Make your Money last forever. If you invest it properly, passively, you never need to touch the principal, only touch the growth. In fact, it's a rule that you can never touch the principal. This is the cornerstone of financial independence and retiring early (FIRE). If you withdraw approximately 4% per year from your portfolio ($40,000 per year inflation adjusted on a Million dollar portfolio) you will NEVER need to deplete the principal. In fact, in 99.9% of cases your principal will grow with inflation. So, in year 2 you'll have your $40,000 withdrawal and $1,020,000 balance and it'll grow over time with inflation. The trinity study confirmed this fact and it is known as the 4% safe withdrawal rate (SWR) or the 4% rule for short.

Secret to Retiring Early: The 4% Rule 🔥:
youtube.com/watch?v=Lrhg6g7y_dg&t=21s

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Please watch: "STOP Overpaying for Real Estate: Invest in Market Inefficiencies"
youtube.com/watch?v=Pq5YSc5TwZ8
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About this tutorial

Mike Rosehart published this 8:25 video tutorial on November 5, 2018. It has been watched 65,510 times on YouTube.

Category
Education
Duration
8:25
Published
November 5, 2018
Views
65,510
Likes
1,320

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