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Nov 21, 2023

Kim and Spencer discuss the concept of retirement, with reference to thoughts from the founder of AngelList, Naval Ravikant. Ravikant's advice for retirement includes saving money, lowering your spending rate, and doing what you love so that retirement becomes unnecessary.  The hosts emphasize the benefit of virtual jobs, saying that they are perfect for older people who wish to keep working and earning, while staying active and engaged. They add that this kind of work can help offset inflation and contribute to a fulfilled life.

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!

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Show Notes

  • Ravikant’s first point: Saving money for retirement
  • How the word 'save' is being used in the context of retirement
  • Naval Ravikant's background and accomplishments
  • The second point: Lowering your burn rate for retirement
  • Ravikant's third approach to retirement: Doing what you love
  • Benefits of doing what you love as a strategy for retirement
  • The concept of working until old age
    Saving and burning from a retirement perspective
  • Ineffectiveness of forward-budgeting and the importance of looking back at expenses
  • Should you still start saving for retirement even if it may not provide enough for people to live on during their retirement years?
  • Organizations that provide opportunities for seniors

 

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