#71 - How Much Money Do I Need For Retirement? Fireside Chat On Elon Musk Selling $TSLA Stocks & Web 3.0

<p>[podcast_subscribe id="111"]</p> <p>Timestamps:</p> <p>00:00 - Happy Diwali!</p> <p>01:07 - Elon Musk’s poll for selling $TSLA and solving world hunger with $6 Billion</p> <p>03:03 - Discussion on Web 3.0 and decentralised banking</p> <p>10:34 - How much money do you need to retire?</p> <p>Twitter Thread by 10-K Diver on the topic: <a href="https://twitter.com/10kdiver/status/1363230660479967232?s=20"><u>https://twitter.com/10kdiver/status/1363230660479967232?s=20</u></a></p> <p>Article on Financial Freedom: <a href="https://www.lynalden.com/financial-freedom/"><u>https://www.lynalden.com/financial-freedom/</u></a></p> <p>Summary:</p> <ul> <li>Key idea 1: Set a financial independence goal. For example, "to amass a $2.5M portfolio in the next 20 years"</li> <li>You can arrive at this goal by making reasonable assumptions about expenses, inflation, withdrawal rates, etc.</li> <li>Key idea 2: Figure out what combinations of Saving (S) and Investing (I) will get you from your current state to your goal.</li> <li>Key idea 3: Periodically track your progress towards the goal.</li> <li>From time to time, you may need to modify the goal itself.</li> <li>After all, deciding on the goal is not an exact science. And a large part of it is based on personal preferences and circumstances, which can change over time.</li> </ul> <p><strong>Useful links:</strong></p> <p>All Streaming Platforms for Cold Brew Money Podcast: <a href="https://coldbrew.money/links/"><u>https://coldbrew.money/links/</u></a></p> <p>About Cold Brew Money: <a href="https://coldbrew.money/about/"><u>https://coldbrew.money/about/</u></a></p> <p>All Cold Brew Money Episodes: <a href="https://coldbrew.money/episodes/"><u>https://coldbrew.money/episodes/</u></a></p> <p>Cold Brew Money Tools: <a href="https://coldbrew.money/tools/"><u>https://coldbrew.money/tools/</u></a></p> <p>Buy Us A Coffee: <a href="https://www.buymeacoffee.com/coldbrewmoney"><u>https://www.buymeacoffee.com/coldbrewmoney</u></a></p> <p><strong>Hosts:</strong></p> <p>Atit Kotha