How To Stay Fully Retired
It’s one thing to be fully-retired, it’s quite another to stay fully-retired.
Successful retirees have a low burn rate relative to their assets and income. Traditionally, a burn rate is the amount of cash you burn
Having a high burn rate means that, unless your income keeps pace with inflation, you will likely watch your standard of living decay over time. Nobody wants this.
Most people mistakenly focus on trying to make as much money as possible, to save even more, so that they don’t have to thoughtfully address their burn rates. This is incredibly shortsighted because it chains them to a lifelong pattern of waste. The bottom line is that burn rates and budgets are highly emotional topics. But they don't need to be.
Through thoughtful financial