Listen "S1E15: Not All $1 Million Dollars Are Created Equaly"
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.
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