Why becoming a “virtual millionaire” is the way to go. William Bengen conceptualized the 4% withdrawal rate that helps prevent retirees from outliving their money. Here’s how it works: withdraw 4% annually from your $1,000,000 investment portfolio, and you have $40,000 to live on each year.

$40,000 a year $3,333 per month.

So, work for 30 years then kick back on $3K a month right?

No.

Create a side hustle that generates $3,333 per month. Live on it now or invest it using your “virtual millionaire” status to become a real millionaire: start with $0, invest $3,333 per month for 14 years at an 8% historical average return, and you will have $1,000,000.

The sky is the limit when you take control of your life.

Why $50,000 a Month Should Be Your Revenue Goal

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