Dec, 2023

Winning the Money Game, Act 4: Plan Life After Retirement

In this final installment of his Winning the Money Game series, Rob Rowsell encourages us to reimagine and plan life after retirement. You should still have plenty of good years ahead if you’ve followed Rob’s advice. In order to make the most of the post-career era of life, you need to keep up with the times. Never stop learning, and be a good steward of the money you’ve accrued. Don’t take stupid risks with it! This cash will ensure you can follow God’s path for your golden years!

Plan Life After Retirement

You’ve followed Rob’s Money Game advice to the T. Now, let’s reimagine and ask ourselves “what’s next?” Have you ever really thought about what you would do post career when you plan life after retirement? Rob recommends the book “Halftime” by Bob Buford. He has gained a lot of wisdom and a new perspective from it.

We want to take a few key steps when we plan our new life post career. First, we want to Lock In The Win, meaning we want to be good stewards of our ongoing Passive Residual Income, as well as the bag of money we’ve earned for retirement. Never risk what you need for what you don’t need.

Next, we need to Design The Next Chapter. You still hopefully are healthy and plenty of years ahead of you, so live like it! Even if your dreams and goals for the future are huge, write them down, and plan out how you can achieve them.

Stay Engaged and Stay Relevant. It is more important than ever to keep up with ever growing technology and trends. Rob uses the example of automating many of our daily tasks with AI and ChatGPT. These technologies are only going to become more integrated into our world. Therefore, getting familiar with them while they are still in their relative infancy is a good idea. Rob also suggests exploring topics you want to learn more about on Meta Reels and Tiktok, then saving the ones that you find particularly useful to revisit later.

Finally, and possibly most fun, Enjoy the Compound Curve. You have a lot of experience at this point being a wealth manager. At this point, you are accruing wealth with literally no effort through Passive Residual Income. So sit back and enjoy it!

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Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

Feb, 2023

Sump Pump Analogy: Compound Wealth Investment and Security Accounts

Rob paints a picture of a wealth building sump pump. The sump pump moves your income from the tub into one of either two buckets. The first is called a security bucket, and it is a liquid account which you don’t touch. Second, the wealth operating system bucket will hold money which you can invest wisely in order to create compound wealth investment. This is a great way to look at your retirement investment strategy. Plan your retirement investment strategy

Do you use this strategy for retirement savings?

Retirement investment strategy explained – Security Bucket

When we plan our retirement investment strategy, we should first sit down with our spouse, if applicable, to explain the sump pump analogy. Then, we calculate the number that we need in order to live comfortably each month. Then, we determine how many months we need to set aside. Once we have arrived at that number, we will begin funneling it into the Security Bucket, knowing that it is a liquid account. However, we will only touch that savings in a case of emergency until we can get back on our feet.

Wealth Operating System Bucket

Rob then outlined the second bucket in the sump pump retirement investment strategy. The Wealth Operating System is made up of wise investments. These investments will not break us if any of them don’t pan out. However, they should yield a great return on investment. We are seeking out opportunities that will earn compound interest. This is a great way to build wealth for our golden years.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the Addicted To Life Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Enroll today!

Jan, 2023

Top 5 Investment Money Drains – Bathtub Expenses Analogy

Last week, Rob offered a “Bathtub Analogy” detailing retirement investment ideas. What about retirement expenses that drain your money? This week, Rob explains five money drains that can eat away at your retirement savings and investments:

1. Ignorance
2. Taxes (Tax Drag)
3. Cost of Living (Lifestyle)
4. Compound Investment Costs (Fee Drag)
5. Inflation

Can you think of more money drains? How can you avoid (legally!) these drains on your wealth?

Retirement Expenses Explained

Ignorance of Retirement Expenses

When we discuss money draining retirement expenses, there are none more basic than ignorance. If you don’t do your homework before investing in that “sure thing”, you have no excuses.

Taxes

Rob quipped that “tax drag” was the main deterrent to long term wealth growth. When he said “tax drag” what did he mean? Every quarter, you need to review your finances with your CPA. Taxes may not seem urgent, but they will sneak up on you at the end of the year. Consult with a professional regularly to construct a tax strategy that will save your business considerably. A second opinion couldn’t hurt so you don’t end up making disastrous choices that eat into your investment earnings. In fact, you may have outgrown your advisor!

Retirement Expenses, Continued: Cost of Living

Out of all of the retirement expenses, your cost of living could be the most uncomfortable topic. It may seem like a no brainer when we say you have to live within your means. You must draw the line where you know the number you need to live comfortably, but you don’t compromise your values. We all work hard, and deserve some creature comforts, but overspending today is a sneaky habit that can hurt our lifestyle in the long run.

Compound Investment Costs

Keep an eye on your Compound Investment Costs, or “fee drag”. These include the fees which you pay your advisors. When you make a lot of financial changes, the middle men and women always get their cut. Consider that when you are mulling your next investment move!

Inflation

Here’s a hot topic in the world of retirement expenses. As of this writing, inflation is climbing. The costs of goods and services are up in every industry. This may not be the biggest expense on the list, but you need to keep an eye on the markets to know where they are going and how you can benefit.

Join Our Community

It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Enroll today!