Is $2 Million Enough to Retire?
Episode Details
Wondering if $2 Million is enough to retire? We dive into this question in detail!
Second, we’re back with our Net Worth Win segment! We’re featuring Brennan Schlagbaum (aka BudgetDog) who is sharing how he and his wife grew their net worth to multimillionaire status in just 10 years.
Last but not least, my daughter Zoey is back for another Money Quiz. We're talking about Caitlin Clark, investing, and Mother's Day!
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- Budget Dog: https://budgetdog.com/
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SHOW INFORMATION:
Marriage Kids and Money is dedicated to helping young families build wealth and happiness. This award-winning platform helps couples and parents achieve financial independence and discover the true meaning of wealth.
To achieve these big goals, we answer questions and interview experts who uncover smart net worth building habits and tools that can help everyone find their own version of financial independence.
Learn more at https://www.marriagekidsandmoney.com
HOST BIO:
Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not "talking money", Andy enjoys being a soccer Dad, singing karaoke with his wife and relaxing in his hammock.
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CREDITS:
- Podcast Artwork: Liz Theresa
- Editor: Podcast Doctors
- Podcast Support: Nev Maraj
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See moreIn this episode of the Marriage Kids & Money podcast hosted by Andy Hill, the main theme revolves around whether $2 million is sufficient for retirement. The episode is structured into three segments, beginning with a discussion on the 4% rule for retirement withdrawals, followed by an inspiring interview with Brennan Schlagbaum, also known as Budget Dog, and concluding with a fun money quiz segment with Andy's daughter. The initial segment delves deeply into the concept of the 4% rule, explaining how it helps retirees estimate how much they can withdraw yearly from their portfolios without running out of money. Andy emphasizes the importance of various factors like healthcare costs, lifestyle choices, and investment strategies in determining whether $2 million is indeed enough for retirement. The spotlight interview features Brennan Schlagbaum, who shares his journey from a net worth of zero to over $2 million. Brennan provides insights into his strategies, including side hustles, frugal living, and smart investments in stocks and real estate. A significant part of his story includes dealing with his daughter’s Gervais syndrome, which motivated him to pursue financial freedom more aggressively to provide the necessary care and medical support. Finally, Andy Hill engages his daughter Zoe in a money quiz, reinforcing the importance of financial education from a young age and sharing a fun, interactive experience with listeners. This segment not only lightens the mood but also serves as an educational tool for families.
