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cover of episode 58. “If we want to retire, we’d have to live on $36k”

58. “If we want to retire, we’d have to live on $36k”

2022/8/30
logo of podcast I Will Teach You To Be Rich

I Will Teach You To Be Rich

Chapters

Michelle and Eric, both in their fifties, are concerned about their delayed start in investing for retirement. They have been bickering about money for years and feel they may have to work until their 70s.

Shownotes Transcript

This week’s conversation brings a slightly different perspective to the table. Michelle and Eric are in their fifties and are terrified that they’ve waited too long to invest for retirement. They’ve bickered about money for twenty-five years, narrowing their window of opportunity and adding a ton of personal baggage into the equation.

Usually, part of the solution for most people is long-term investing. But with Michelle and Eric, time is not on their side. To complicate things, Michelle is defensive and triggered by even talking about money. She prefers to keep things focused on the math… but it’s much deeper than that.

What would you do to overcome the very real hopelessness that many people of their age experience? Let’s see what happens.

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