Most of us have thought about how to save money, but have you ever considered how you’ll spend it? Dr. Stanley Riggs joins us in the basement with a plan to help you spend every dime before you die. Do you want to see your beneficiaries enjoy their inheritance or do you want to die with lots of dollars in the bank that nobody used?
PK talks about the single most important stat the “retire early” crowd wants to hear: What’s the net worth of the average retired person? How much money does the average person have when they retire?
We talk about oil, the King of Saudi Arabia passing away, a billion dollar divorce, and more! What are you waiting for….start listening!
Thank you to MagnifyMoney.com for sponsoring our podcast.
<> Stanley Riggs: Build Wealth and Spend it All
Stanley’s site: Build Wealth and Spend It All
<> PK’s Fractional Sense: How Big Should Your Net Worth Be?
PK’s site: DQYDJ.net (read Raises Headed Your Way?)
A letter from Mike about estate planning
The Jacob Wade (iHeartBudgets.net) interview
<> End Show/Movies
We review the Oscar-nominated film American Sniper
I really liked this recording. It made me reflect on what exactly I’m saving for. Usually I am concerned with simply stowing away as much money as possible simply because I know it is the best thing for my future at my age. However, this episode had me thinking…well what am I going to do when I DO withdraw my long-term savings. I found myself asking many questions which I don’t necessarily like, mostly because I felt as if I wasn’t truly enjoying my current riches. Stanley Riggs really made me question my future.
Mission accomplished, Greg! He’s quite a colorful guy, and I’m glad that came across on the podcast.