470-The Danger of a Financial Plan Built on Extremely Low Spending Projections
Radical Personal Finance · Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
July 20, 201735m 46s
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Show Notes
There's been an interesting switch in the world of personal finance wherein some people are building financial plans based on extremely low spending projections. In essence, some people assume that if they can live on an extremely low budget per year today, they can build a long-term financial plan predicated on maintaining that spending forever.
I think this is a dangerous assumption. And, in today's show, I explain why.
Joshua
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