Aug 9, 2019
You’ve probably heard Joel Johnson reference The Money Map quite a bit on television or on this podcast, but what exactly is it? In this episode, we’ll go into some detail about the purpose of the book, what topics it covers, and some of the areas you’ll benefit. Plus, two listener questions get answered and four retirement myths get busted.
Check out the full show notes by clicking here.
Take a look at what you'll hear on this episode:
1:32 – What exactly will we find in The Money Map?
2:20 – Examples of the chapters you’ll find in the book.
2:54 – Culture of greed, entitlement, and arrogance on Wall Street.
3:39 – How to use real estate in your investment portfolio.
4:57 – Biggest mistake most people make in retirement.
6:37 – Listener Question: Do I need to invest some of my pension income to cover my lack of savings in retirement?
8:44 – Listener Question: Should my broker have more urgency about correcting my recent IRA losses since I’m 60-years-old?
10:53 – Retirement Myth #1: Don’t touch principal. Live off the interest.
12:08 – Retirement Myth #2: The more a financial plan weighs, the more valuable it is.
13:25 – Retirement Myth #3: My life is simple, so all I need is a will and my affairs will be in order.
15:05 – Retirement Myth #4: After I’m gone, my spouse will be fine. I’m not worried about it.
