S1E15: Not All $1 Million Dollars Are Created Equaly

06/08/2019 25 min Temporada 1 Episodio 15
S1E15: Not All $1 Million Dollars Are Created Equaly

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Episode Synopsis

Host John Chapman of the John Chapman Show talks about the ability to save $1 million. John dives into the various ways you can accumulate $1 million to live off of during your retirement years. Also, John Chapman analyzes these saving solutions with The Three T’s: timing, taxes, and the tools. Episode Highlights:        John Chapman discusses about the influence of Jake Dunlap, the CEO of Skaled Consulting.          What are the various ways you can save $1 million?          John talks about working with baby boomers.          What would it take to save $1 million dollars in your bank account?          When can you pull the money out and how will it be taxed?         How can stock investments get you to $1 million with your non-retirement money?          What calculations will get you to $1 million in equity with your investment real estate?  3 Key Points:   Your hard work will likely produce $1 million in savings.    You are likely to change jobs throughout your career.    $1 million can be accumulated by real estate, a retirement account, 401k, IRA, deferred non-compensation plan, company stock, cash bonuses, and diversified mix of investments.     Tweetable Quotes:     “Be a servant leader.” – John Chapman     “Start with the end in mind.” – John Chapman     (Financial planning) “There are 5 inputs that we need to have for this: our present value, future value, how much we are saving, our payment into it, what we are going to grow it at, our interest, and years.” – John Chapman Resources Mentioned: ● Linkedin: John ChapmanSee omnystudio.com/listener for privacy information.