Today’s article is a continuation of my personal notes series where I share some real takes on how I frame some personal financial decision making.
I wanted to write part 3 and 4 about the investment and portfolio allocation, but decided to slow down a bit.
An easier article is on the unique set of attributes for a particular set of your personal expenses that might have slipped your mind.
Not all of your expenses that you want to find a recurring income stream, need to be inflation-adjusted.
We will lump all our expenses into one bowl and decide how to create an income stream to fulfill that bowl of expenses. You will think that hiding your insecurities of showing how much you spend on specific thing and throwing this problem to your financial planner to solve your problem is better.
So they will give you an income stream but the capital will likely to be larger....