Income Over Wealth

A 56-year-old with $900,000 prices his bills as monthly income, and the date he can stop working comes in years sooner than the 4% rule says

Show Notes

The 4% rule tells a 56-year-old with $900,000 and $6,000 a month in bills that he needs $1.8 million, which means 8 more years of work. This episode prices those same bills as monthly income using private mortgage notes and shows how the date he can stop working moves years sooner. It also covers what can go wrong with notes, including borrowers who stop paying and payments that never rise with inflation. No Social Security is counted anywhere in the plan.

  • Why your retirement number should come from your bills instead of your salary
  • What health coverage before 65 costs, with KFF putting the average benchmark plan for a 60-year-old at $15,914 a year with no subsidy
  • How to cover your bills in stages while you're still working, and why he keeps working 3 more years

Take the free Retirement Income Roadmap (7 questions, about 30 seconds): incomeoverwealth.com/map

Watch this episode on YouTube: https://www.youtube.com/watch?v=s5GMqRBcPq4

This episode is educational and focused on strategy and math. Always consult a qualified tax or financial professional before making personal financial decisions.

What is Income Over Wealth?

Retirement is an income problem, not a net-worth problem. Dan Wilson is a real estate investor, not a financial advisor. He buys and rents houses in Ohio, funds them with private money instead of bank loans, and built enough income from real estate to leave the Air Force. Twice a week, in about fifteen minutes, he works out how to replace a paycheck in retirement: where monthly income actually comes from, what each source costs you in risk, and how private lending works, including what to demand from any borrower. Every episode is also a video on YouTube. Free tools, the weekly letter, and every episode's notes are at https://incomeoverwealth.com. Educational only. Not financial, legal, tax, or investment advice, and not an offer or solicitation of any investment.