Stop Trading Your Time for Money with Eric Martel

Join Vince with his guest Eric Martel as he speaks about the most tested and proven way to stop trading your time for money. The majority of us today overwork hours on end to receive compensation that always seems to be "just right" for the lives we live. If we keep it at that, when does one stop working? In this episode, Eric shares what defined benefit retirement plans are and why they're phased out, the general perception of millennials on retirement, what you need to understand before chasing passive income, the lessons from the dot-com crash, and everything about his book "Stop Trading Your Time for Money." There's a lot to unpack, so stay tuned and enjoy the episode!

Outline of the episode: 

●    [02:02] What is an actuary?

●   [06:12] The difference of a 401(k) from defined benefit pension plans

●   [11:51] Why you sometimes can’t retire early

●   [18:31] What kind of investment do you need to have?

●   [23:44] Assess the resources that are available to you

●   [29:45] When is the right time for you to jump onto other investments?

●   [35:56] Single-family rentals are very different from single-family homes

●   [41:08] Eric Martel – the lessons from the dot-com crash

●   [49:27] Why Vince cut cords with Wall Street

●   [54:02] Stick to what works and makes you money

Resources:

●   Website

●  Instagram

●  Facebook

●  Get your copy of Stop Trading Your Time for Money, Book by Eric Martel

Connect with The Cashflow Project!

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