When is the last time you bought a lottery ticket and thought to yourself: ‘I am going to stop working if I win the grand prize’. How do you know that the prize money is enough to sustain your retirement lifestyle?
Have you ever wondered how much money is required for you to achieve independence?
Max also faced the same problem when drawing up his Masterplan to retire by 40.
Not knowing the size of your retirement gold nest is akin to running a race without knowing the finishing line. You cannot plan for it and spread your resources, and most importantly, you will forever be in the race.
The Million dollar question, literally
For some of us who are not so financially literate, a nice whole number of $1 million seems to be a financial goal reasonable enough to strive towards, but $1 million 10 years down the road …