REI In Your Car 77: You Need How Much to Retire?!

I really get a little fed up when I hear the so-called financial gurus talking about how much a person has to save up for their retirement. They set it at several million — just so you can live a certain quality of life in your golden years.

I disagree not only with their numbers, but also their investing strategies. In this episode, I go into great detail of why I disagree.

First of all, their idea of investing to prepare for retirement, is usually a stock portfolio. And my reply to that is: How much control do you have over the stock market? Or bonds? Or index funds? The answer is, none at all. I call it a “glorified gambling system.”

Investing in real estate is totally different and provides a much better plan for saving to retire.