Chapter
Do You Really Need a Wealth Advisor?
12:42 - 18:42 (05:59)
The concept of financial security and needing a wealth advisor may differ for individuals. While some may need a wealth advisor, others may not and may opt for a fee advisor instead.
Clips
Some people on social media claim to live wealthy and happy lives at a monthly spend of $15,000, often going towards health and vacations.
12:42 - 14:37 (01:54)
Summary
Some people on social media claim to live wealthy and happy lives at a monthly spend of $15,000, often going towards health and vacations.
ChapterDo You Really Need a Wealth Advisor?
EpisodeSPECIAL: The Little Known World of FatFIRE
PodcastMy First Million
The Fatfire community is centered around knowing your number, or the amount of money you need to feel secure and financially comfortable in your future.
14:37 - 15:45 (01:08)
Summary
The Fatfire community is centered around knowing your number, or the amount of money you need to feel secure and financially comfortable in your future. According to the community, the typical range for this number is around one to two million dollars, with those who earn more than 10 million feeling very secure and happy.
ChapterDo You Really Need a Wealth Advisor?
EpisodeSPECIAL: The Little Known World of FatFIRE
PodcastMy First Million
The host argues that individuals with a net worth of less than $10 million do not need a wealth advisor and can instead invest most of their money into a Vanguard total market fund.
15:45 - 18:42 (02:56)
Summary
The host argues that individuals with a net worth of less than $10 million do not need a wealth advisor and can instead invest most of their money into a Vanguard total market fund.