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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00Never have to work again when you know this.
00:02You can live solely off your ETFs when you hit this number.
00:06Figure out how much you need to live comfortably each month.
00:09So if each month you need about $5,000, that's $60,000 per year.
00:14Take that number and multiply it by 25.
00:17So in this case, $60,000 times 25 equals $1.5 million.
00:23The 4% rule has been proven in that you can take out 4% of your investments per year forever.
00:29$1.5 million times 4% equals $60,000 that you'll have to be able to spend forever.
00:36A broad stock market index like the S&P 500 appreciates at about 10% each year with dividends
00:42reinvested.
00:43So if you're only taking out 4% but it's growing 10%, you're not only sustaining your living,
00:48but you're also growing that nest egg while you take out that money.
00:52In theory, this works even when the stock market drops and goes down, but it's wise to have
00:57some money in a high yield savings account for a rainy day.
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