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334: Finance Friday: The 5 Questions to Ask if You Want to Fast-Track FI

BiggerPockets Money Podcast

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A Homework Assignment That's Not Like Doing Pages Three Through Nine in Your Math Book

You've got 730 thousand dollars in net worth. The vast majority of that is going to be in your retirement accounts, with a small amount in after tax brokerage and a healthy cash reserve and emergency fund. At the four % roll, we could say that that might generate 29 thousand dollars a year, which is actually fairly close to your monthly spendings. And you have a nice cash cushion on that. You also, at the highest level, you earn what like a hundred and 70 thousands dollars a year,. if you earn your bonus hundred, 60, 570. So we've got a really, really good base here. We're not very far away at a four percent role threshold.

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