Over the next couple of decades Hanna and I plan to build a $5M portfolio to generate a yearly takehome of $150,000. And although most retirement planning and wealth building focuses on savings rate, there's a flaw in that plan. If you only focus on savings rate, you might not be saving enough to generate the wealth you need to live the life you want. That's why it's best to work backwards and reverse engineer how to achieve the outcome you want. In this video, I'll walk you through each step of how we're going to hit $5M and teach you how to use these steps for yourself.

Resources mentioned:
Download the spreadsheet here: https://mappedoutmoney.com/wealthcalc'>https://mappedoutmoney.com/wealthcalc
Trinity Study: https://en.wikipedia.org/wiki/Trinity...
Cap Rates: https://www.investopedia.com/terms/c/...
Increase Your Income:    • How I Made an Extra $1k Per Month Usi...  

In this video I'll cover:
0:00 Intro
0:11 #1 Key To Building Wealth
1:00 Problem With Traditional Focus
3:10 Calculating F.I. Number
7:25 Example Investment Portfolio
8:55 Calculating Monthly Contributions
9:55 Mapping Out Yearly Contributions
13:30 My Plan Overview

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