Returning Guest Robert Lettin of Lettin Wealth Management: Part 1
Breaking Down IT with Steve: Financial Freedom and Your Investment Portfolio
Welcome back to Breaking Down IT with Steve! This episode features a returning guest, Robert Lettin, author of “Why Not You: A Guide to Replacing Your Income.” He’s joined by Dean Cambray, the sound editor from Cambray Media whose magic touch keeps the podcast running smoothly.
This episode dives into a crucial concept from Lettin’s book: achieving financial independence. Steve and Robert discuss how to determine the ideal value for your investment portfolio to cover your living expenses.
Here’s the key takeaway:
- Calculate your monthly expenses. This is the foundation. Let’s say you spend $5,000 a month, which translates to $60,000 annually.
- Multiply your annual expenses by 25. This gives you a target portfolio value. In this example, that’s $60,000 x 25 = $1.5 million.
This $1.5 million target becomes your roadmap to financial freedom. By strategically saving and investing, you can build a portfolio that covers your living expenses, allowing you to replace your income with investment returns.
Lettin’s book, “Why Not You,” provides a detailed guide and even includes a worksheet to help you with these calculations. It empowers you to take control of your financial future and achieve that dream of living comfortably without relying on a traditional paycheck.
Ready to learn more?
- Check out Robert Lettin’s website: lettinwealth.com
- (For a limited time, listeners of Breaking Down IT with Steve can get a special discount on the book. Stay tuned for details!)
Shoutout to Dean Cambray!
A huge thank you to Dean Cambray for his masterful sound editing skills that make Breaking Down IT with Steve such a pleasure to listen to.
Don’t forget to subscribe to the podcast for more insightful conversations that will help you navigate the ever-changing world of technology – and maybe even achieve financial freedom along the way!
Listen on Spotify
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Related reading: managed IT services in Portland, Part 2 with our special guest Victoria Dean – Story Time with Victoria Dean.
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