Connor - foundered

Retired at 40. Sharing strategies to help you save money, start investing, and build a business.

[Connor - foundered @Connorfoundered]

Some people will retire with less than they need for a comfortable retirement. Others won’t be able to afford to retire.

Don’t let that be you.

[Connor - foundered @Connorfoundered]

@AimingforFIRE @lazyfidad @mouthymoney @bankeronwheels @advisoronfire @the7circles @Monevator @PoundsSenseBlog @SavingNinja Thanks for the inclusion!

[Connor - foundered @Connorfoundered]

How To Save For Your First Home - Lifetime ISA | Budgeting & Deposit Saving Tips https://t.co/Ee3Omml6Qg

[Connor - foundered @Connorfoundered]

https://t.co/74znoJVTuG

[Connor - foundered @Connorfoundered]

Is This Pension Propaganda?

My latest video is live now on youtube

https://t.co/gMlDSefwxl

[Connor - foundered @Connorfoundered]

@Tom_Talks_Money @WealthLesson Yeah and to be honest I have "buffers" in there like state pension, a couple of rentals and whatnot, so it's prob less than that now and will be in the future.

Not to mention that anything I could reduce that or more likely go on more holidays.

[Connor - foundered @Connorfoundered]

@WealthLesson Cheers for the roundup @WealthLesson

[Jordan Gaskell @WealthLesson]

“Why You’ll never be able to Retire”

I’ve just finished watching this video by @Connorfoundered on YouTube.

It’s a great breakdown on the difficulties that will be faced by many.

But it filled me with optimism!

Here’s Why:

Connor goes in depth on why the 4% withdrawal rate that is touted online is flawed.

I won’t go into it here (go give him his views)

But he’s entirely right.

4% is based on set circumstances and asset allocations.

So why am I hopeful?

Well, the actual safe figure is conservatively 2.5%.

I spend $2,000/m to run every single aspect of my life.

By retirement, $450/m will be removed as I won’t have a mortgage.

This figure also includes my partners $320/m car payment.

I could take $9,000/yr off my run rate.

But instead, to account for increasing bills, I’m adding $4,000/yr to my calculation.

At a 2.5% portfolio withdrawal rate, I need a portfolio of:

$1,120,000…

Does that seem a lot to you?

Because for me, with a lot saved already, and only plans to up my income

That seems a tiny figure.

I could envision hitting it in 5 years.

But I’m aiming higher.

I don’t want a scrimp and save retirement.

The goal is a $5,000,000 portfolio.

Which I still don’t see as ridiculous.

But at 2.5% that would generate $125,000/yr income.

Passively.

At 4%….$200,000.

What are your retirement goals?

Does that figure seem unobtainable or are you energised like me?

[Connor - foundered @Connorfoundered]

@Tom_Talks_Money @WealthLesson Great to hear from you man! Saw another post above. So will answer that there.

[Connor - foundered @Connorfoundered]

The truth is that you'll never be able to retire.

https://t.co/GOVNkOKfSM

[Connor - foundered @Connorfoundered]

I'm away for lunch and a couple of mid-week pints.

Here's a video I created earlier this year.

https://t.co/yE9oUKIK2X

[Connor - foundered @Connorfoundered]

According to Hubbub 22.2 million pumpkins will go to waste, left uneaten. That's nearly £33 million of food wasted.

Most people simply throw award the guts after carving? Do you? Or do you have eerie-sistable pumpkin recipes? Let me know below.

#halloween #pumpkin

[Connor - foundered @Connorfoundered]

@simpleisprofit Thats beyond grim. But reality for a lot of people

[Connor - foundered @Connorfoundered]

Do you automatically think the person who has a luxury car, big house or designer clothes is rich?

Material possessions are never the best indicator of wealth. How many people do you know that are going broke trying to look rich? I bet it’s more than you think.

[Connor - foundered @Connorfoundered]

hello world

[Connor - foundered @Connorfoundered]

@jhadawayfc Thanks for tuning in

[Connor - foundered @Connorfoundered]

@TomTalksMoney_ Def not in the league of footballers but around 4-5 what he’s paid here and that’s still a significant sum.

[Connor - foundered @Connorfoundered]

@finance55uk Thanks Stephen - technical run through went well tonight. So other than a couple of read throughs tomorrow I am ready to rock

[Connor - foundered @Connorfoundered]

2 days to my first FREE investing webinar for beginners. Been working on this for nearly a month and I'm super happy with it.

Should be a great night with a bit of craic thrown in for good measure.

https://t.co/rIYP8eH4NB

[Connor - foundered @Connorfoundered]

@TomTalksMoney_ Let’s go!!

[Connor - foundered @Connorfoundered]

@jasperinvests Cheers man. Really looking forward to it myself