OVERVIEW:

Erik talks about what it takes to cover expenses for the days we no longer work for money over a 20 year period. He breaks down the numbers for basic expenses. 

EPISODE HIGHLIGHTS:

• Are we or our parents set up financially to cover expenses that we will have in a 20 year retirement.   
• Depending where someone lives, the expenses could be more for their rent and/or mortgage.     
• Looking at the numbers $1,000,000 seems like a good amount of money but a 20 year retirement requires more than that.  
• As a result many people are more fearful of running out of money compared to dying.          

TWEETABLE QUOTES:

• “...Want to set up our own pensions, and if we want to do that, we have to look at a lot of factors...” –Erik Smith 

• “Some people spend $912 in a meal…” –Erik Smith
• “$980/month for healthcare… this does not even include Long Term Care.“ –Erik Smith

RESOURCES MENTIONED: 

• Schedule a time to talk with Erik.
• Find Erik on Instagram, Facebook, LinkedIn and Twitter
• "Power Of Zero" by David McKnight