Rocky Beaver

Client walks in. 68 years old. $2.8M net worth. House is paid off. Worth $950K. She's living on $38K a year from Social Security. Tell me how that makes sense. She brings coupons to restaurants. Buys the cheapest everything. "I'm not taking money from my retirement accounts. I need that for emergencies." What emergency costs $2.8M? You're denying yourself basic comforts at 68. You haven't visited your grandkids in Phoenix in 2 years. Your emergency fund has an emergency fund. She fought me for 8 months. "My parents taught me never to touch principal." Your parents also retired with a pension and died at 74. We finally got her to take distributions last year. $120K annually from her portfolio. Still only a 4.3% withdrawal rate. Now she's flying to Phoenix quarterly. Took her grandkids to Disney. And stopped agonizing over every $12 purchase. She spent 3 years being miserable with $2.8M in the bank. You don't get a prize for dying with the most money.

I beg you, in the name of God and everything you hold dear… if you’re still in your 20s, 30s, or 40s, get this book, read it from cover to cover, and apply every lesson it teaches.