Posted on 09/05/2020 10:32:26 AM PDT by tbw2
The book Retire Inspired builds on Dave Ramsey’s 7 Baby Steps. Dave Ramsey’s advice is to pay off debt except for the house and start saving 15% of your income until retirement. But how much do you need to retire? How much do you need to retire with the lifestyle you want, which may require more based on desires or catch-up savings? Retire Inspired answers those questions.
The author’s tagline is “it’s not an age, it’s a financial number.” The financial number you need to retire inspired, the amount of money you need in your retirement nest egg to retire with the standard of living you want, is called the RIQ by Chris Hogan.
(Excerpt) Read more at toughnickel.com ...
A Review of the Book “Retire Inspired” by Chris Hogan
https://toughnickel.com/personal-finance/A-Review-of-the-Book-Retire-Inspired-by-Chris-Hogan
Highly recommend Ramsey’s plans/materials for anyone who’d like to retire someday... Simple stuff, all it takes is a bit of discipline.
I am about to retire (1 MONTH) and could not have done so without a lot of the advice by Dave and company. Happily debt free and being kicked out with a golden parachute...
Being debt free and having a large emergency fund has been a blessing right now.
Husband and I are working, though incomes are down about 30%. We’ve pulled from savings for car repairs and medical bills.
It is a major source of “financial peace” to say I don’t have to worry about a mortgage or credit card bills.
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