Once you reach your portfolio goal, say $1,000,000, you can safely withdraw 3-7% each year while still growing your assets, Collins claims, relying on the 4% rule tested by a famous study . Now, all that’s left is to enjoy your newfound freedom!
“Spend less than you earn—invest the surplus—avoid debt.” That’s the simple path to wealth in a nutshell, and I hope you’ll get to walk it all the way to the end.
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The Simple Path To Wealth - Book Summary
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