The 3 Options for Retirement – Episode 542

Kim and Spencer discuss the concept of retirement, with reference to thoughts from the founder of AngelList, Naval Ravikant. Ravikant’s advice for retirement includes saving money, lowering your spending rate, and doing what you love so that retirement becomes unnecessary.  The hosts emphasize the benefit of virtual jobs, saying that they are perfect for older people who wish to keep working and earning, while staying active and engaged. They add that this kind of work can help offset inflation and contribute to a fulfilled life.

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at he***@pr****************.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

Show Notes

  • Ravikant’s first point: Saving money for retirement
  • How the word ‘save’ is being used in the context of retirement 
  • Naval Ravikant’s background and accomplishments
  • The second point: Lowering your burn rate for retirement
  • Ravikant’s third approach to retirement: Doing what you love
  • Benefits of doing what you love as a strategy for retirement
  • The concept of working until old age
  • Saving and burning from a retirement perspective
  • Ineffectiveness of forward-budgeting and the importance of looking back at expenses
  • Should you still start saving for retirement even if it may not provide enough for people to live on during their retirement years?
  • Organizations that provide opportunities for seniors

Special Listener Gift

Kim Butler’s groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth… and what to do instead! 

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

Leave a Comment

Your email address will not be published. Required fields are marked *

Share this post

Facebook
Twitter
LinkedIn

Begin your journey with the Prosperity Action Pack

Get immediate access to our short ebook Your Guide to Activating Prosperity, audio recording, our summary sheet about the 7 Principles of Prosperity™, and our subscriber-only Prosperity on Purpose Round-Up. 

Just fill out this form and get access now!