{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F9af35ac8-f187-4155-8fe5-e8d342b9ac36","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"Avoid These Pitfalls on Your Journey to FIRE","description":"What This Episode Is About\nMany “technicians” love the idea of more freedom in their lives.\nYet when they start a business, they realize there\u2019s even more work to be done in order to generate an income for themselves.\nWhat did the FIRE movement get wrong about inflation and taxes?\nHow can using a dividend-paying whole life policy be a better place for our savings?\nWhy should buying assets be our ultimate goal?\nIn this episode, we dive into some potential pitfalls for the FIRE Movement and share some strategic alternatives.\n \n \nMentioned In This Episode:\n\nWhy being a lazy investor is a really bad thing\nWhat we can expect from the stock market in 5-10 years, and what it means for investing\n* The limitations of budgeting\nHow debt can be used strategically\n\n \n \nFree Tax Strategy Webinar:\nIf you want to learn more about the tax strategies discussed in this podcast, register for this http://freetaxwebinar.wealthwithoutwallstreet.com (free webinar). We’ll take a deep-dive into the various ideas shared and even show you how to factor your estimated tax savings. You won’t want to miss it!\nClick http://freetaxwebinar.wealthwithoutwallstreet.com (HERE) to register.\n \nResources:\n\n* Schedule a https://calendly.com/joeyruss/15-minute-intro-call (Call with Us)\n* Don’t run out of money webinar coming soon!\n* https://www.dropbox.com/s/5nmsa8m4iem0egw/Ibbotson%20study.docx?dl=0 (Ibbotson Study on How Much Can You Safely Withdrawal In Retirement)\n* William Bengen study October 1994 https://www.dropbox.com/s/fhc5zihuvyckhsw/william%20bengen%20determining%20withdrawal%20rates%20using%20historical%20data.pdf?dl=0 (“Determining withdrawal rates using Historical Data” )\n* Wade Pfau’s https://www.oneamerica.com/wps/wcm/connect/23b21fa6-8e9c-49c9-a49e-1a0b0ef95d91/OA_WP_Opt-Ret_Inc_05-15_web.pdf?MOD=AJPERESandCONVERT_TO=urlandCACHEID=23b21fa6-8e9c-49c9-a49e-1a0b0ef95d91 (White Paper on Using Life Insurance In Retirement)\n* Wade Pfau’s https://www.onefpa.org/journal/Pages/AUG15-Sustainable-Retirement-Spending-with-Low-Interest-Rates-Updating-the-Trinity-Study.aspx (Research on the 4% Rule)\n* Mike Michalowicz’s book https://amzn.to/2EMFOzt (Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine)\n\n \n*We use affiliate links and if you choose to buy things we might receive compensation from those companies","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/a750c390-803b-46f4-b7c4-3e2ca5f6cadb/wealth-without-wall-street-podcast-artwork-2000.jpg"}