I completely agree about leaving home equity out of your net worth calculation. I only include items that are cash or could be cash in a few weeks like stocks, bonds, treasuries.
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Net worth really doesn’t have anything to do with retirement. It’s more for estate planning. These are two different calculations used for different things.
My home is my 3 Ls (and therefore saves me money throughout retirement): Life insurance Long-term care Legacy Like so many, can’t sell the home due to massive capital gains taxes. Have to leave it to the kids and rent it out until then. Hoping the “More Homes on the Market Act” passes someday.
Thank you for this video. Very informative. When can I buy the retirement academy? It sounds like an excellent offering. I would like to purchase it soon. Thanks
Ari, On your podcast you always say if you don’t have 2 million dollars you will not work with someone. Can you do a video on or do you have a video on what exactly that 2 million is exactly??? Net worth, cash on hand, in savings, etc. Thank you love your videos and your insights and information… Michael N
$2M investable (IRA, Roth, Brokerage, 401k (when over 59.5 because than we can manage it). I don’t believe in paying an advisor if they can’t manage the money for you and do the work.
Could a military retirement pension be considered in this? Also could a VA disability check be considered part of your income because this will be residual income for the rest of someone’s life.
Unfortunately, some retirees that love their homes and have no plan to move may be forced to sell the home. Many areas in the US have had a significant increase in real estate taxes and/or home insurance. These are 2 components that homeowners don't control. Some homeowners are finding they can no longer afford to stay in their homes. I am concerned it will become a bigger problem for too many. Home is paid for but looking to do a significant downsize to avoid this crisis.
Hey Ari - You did not cover a reverse MTG. Our plan is to stay in our home and if we need more income later in retirement (hopefully much later) we can access the value in the home without selling it. I wish you would have covered some of that in your video, is that a solid game plan?
Your house should be paid of by the time you retire.. ownership of house is important, especially in this economical time.. you can have your kids n grandkids live with you if they need to.. gives you more options in your retirement.. no debt and paid off mortgage, makes the option to retire easier….
This is true, however, it can be part of your retirement strategy. For instance, when our financial planner asked if we wanted to leave anything to our kids we said bare minimum the house. That is a big asset that makes a great inheritance.
I agree that a home is not a retirement asset but this year I used about 15% of my net worth to buy a home with cash (had been renting for about 8 years before doing this). I did this because an investment advisor suggested I should hand over a like amount to buy an annuity which would provide a guaranteed monthly payment. I figured a paid off house was a better use of the money because I continue to own the house (not true of the annuity investment) and without the mortage, living in this gouse has reduced my monthly cash flow needs, e.g. not having to rent a place.... by a similar amount because let's face it... you cannot escape housing costs of some type be it rent or mortage. I also like to fact that the house and it's positive impact on my monthly cash flow needs (less need) is outside of the stock, bond, etc. markets. In other words, it has improved diversification for me which I value.
And maintenance. I add all that up and it’s probably about the cost to rent (although a much smaller place). I’m in FL and insurance and maintenance are both a big chunk.
@@midlife_minimalist of course, anyone can live in a shack for cheap, but to get an equivalent living situation to a paid off home would generally be 3 or 4x your insurance, tax and upkeep. It’s not an apples to apples comparison.
I completely agree about leaving home equity out of your net worth calculation. I only include items that are cash or could be cash in a few weeks like stocks, bonds, treasuries.
Being in California, my home is about 40% of my net worth. I only factor it as insurance for long term care. Either sell it or reverse mortgage it.
20 percent is too high if you start in your twenties, which nobody actually does. Lol
@@masoncnc 20% of what? I don't follow
@@FIRED13if he’s talking networth, then I don’t agree. 20% would be perfect.
Retirement is not to replace your income; it is the need to cover your expenses
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
You are awesome Ari! Thanks so much for the great content! I don’t miss an episode. Appreciate everything you do
You’re so welcome!!
Thanks Ari for another very informative video!
Lookin' sharp, Ari
Net worth really doesn’t have anything to do with retirement. It’s more for estate planning. These are two different calculations used for different things.
My home is my 3 Ls (and therefore saves me money throughout retirement):
Life insurance
Long-term care
Legacy
Like so many, can’t sell the home due to massive capital gains taxes. Have to leave it to the kids and rent it out until then.
Hoping the “More Homes on the Market Act” passes someday.
Thank you for this video.
Very informative.
When can I buy the retirement academy?
It sounds like an excellent offering.
I would like to purchase it soon. Thanks
Here: ari-taublieb.mykajabi.com/early-retirement-academy
Ari, On your podcast you always say if you don’t have 2 million dollars you will not work with someone. Can you do a video on or do you have a video on what exactly that 2 million is exactly??? Net worth, cash on hand, in savings, etc.
Thank you love your videos and your insights and information… Michael N
$2M investable (IRA, Roth, Brokerage, 401k (when over 59.5 because than we can manage it). I don’t believe in paying an advisor if they can’t manage the money for you and do the work.
Could a military retirement pension be considered in this? Also could a VA disability check be considered part of your income because this will be residual income for the rest of someone’s life.
Unfortunately, some retirees that love their homes and have no plan to move may be forced to sell the home. Many areas in the US have had a significant increase in real estate taxes and/or home insurance. These are 2 components that homeowners don't control. Some homeowners are finding they can no longer afford to stay in their homes. I am concerned it will become a bigger problem for too many. Home is paid for but looking to do a significant downsize to avoid this crisis.
Wow a 6M dollar home where I live would be a 20k sq ft home on 100 acres lol. But no ocean anywhere near me. Location is everything:)
It depends on average growth rate and how much you want to spend per yr after taxes and inflation.
Exactly. If your home is your largest asset, you're in trouble.
Hey Ari - You did not cover a reverse MTG. Our plan is to stay in our home and if we need more income later in retirement (hopefully much later) we can access the value in the home without selling it. I wish you would have covered some of that in your video, is that a solid game plan?
I have a new video coming out on RM’s soon!
Your house should be paid of by the time you retire.. ownership of house is important, especially in this economical time.. you can have your kids n grandkids live with you if they need to.. gives you more options in your retirement.. no debt and paid off mortgage, makes the option to retire easier….
Well said - here’s the numbers: ua-cam.com/video/RHCxFIi-IUg/v-deo.htmlsi=Ng1qyvwokLa1Vt7I
Did the academy go up in price?
It’s always been this.
This is true, however, it can be part of your retirement strategy. For instance, when our financial planner asked if we wanted to leave anything to our kids we said bare minimum the house. That is a big asset that makes a great inheritance.
What you are sharing is Level 3 here: 3 Levels Of Estate Planning - What Level Are You At?
ua-cam.com/video/llnPpEEoMEY/v-deo.html
I agree that a home is not a retirement asset but this year I used about 15% of my net worth to buy a home with cash (had been renting for about 8 years before doing this). I did this because an investment advisor suggested I should hand over a like amount to buy an annuity which would provide a guaranteed monthly payment. I figured a paid off house was a better use of the money because I continue to own the house (not true of the annuity investment) and without the mortage, living in this gouse has reduced my monthly cash flow needs, e.g. not having to rent a place.... by a similar amount because let's face it... you cannot escape housing costs of some type be it rent or mortage.
I also like to fact that the house and it's positive impact on my monthly cash flow needs (less need) is outside of the stock, bond, etc. markets. In other words, it has improved diversification for me which I value.
How much is a one time session with you ?
Available within the academy: ari-taublieb.mykajabi.com/early-retirement-academy
TLDW.
With those numbers they will never retire! I have a higher net worth and home is paid off.
If the home is paid off, you are living almost for free. Except for the taxes! That’s an asset!
Don’t forget insurance. I live in North County, San Diego and my insurance just went up by $300 a month.
Maintenance and HOA fees also go up.
@@heidikamrath1951is that a natural disaster area? $300/mo increase is more than i pay… my house is only worth $600k tho
And maintenance. I add all that up and it’s probably about the cost to rent (although a much smaller place). I’m in FL and insurance and maintenance are both a big chunk.
We all need someplace to live. That is why I don’t include my paid off home in net worth calculations.
@@midlife_minimalist of course, anyone can live in a shack for cheap, but to get an equivalent living situation to a paid off home would generally be 3 or 4x your insurance, tax and upkeep. It’s not an apples to apples comparison.