James Altucher's Retirement Guide: Why You "Only" Need $2 Million

I'm no math whiz, but in your example, 78 would be the median and not necessarily the average.

 

nope. just coincidence. His style looks more information intense, different to mine. I only play major masses shifts&fundamentals, that are easy to spot (not too much details required). Although I was good at it from day 1, it required full circle of trader education to get there. To me it was most important to learn what is NOT important in trading & how to integrate trading & life.

 

loved that film

 

You don't need 2 million. You don't need 1 million. What you need is to be debt free. That's it, unless you have yet to control your ego and still need lot's of "things" to fill the hole in your life. Hopefully by age 65-70 you can have that ego in check.

 

You guys are going to need $100 million to retire on because your dollar will be near worthless within 10 years. Bernanke and Geithner are determined to make this happen

Don't worry, I'm going to need £100 million myself. Mervyn King is going to make this happen for me

 

Here they are plotting the demise of the dollar:

 

When regrets replace dreams. You're screwed.

 

What is better, to die with 5 million in the bank or 5 millions in debt?

 

No medical expenses in retirement?

 

Well, if you die $5Million in debt, you likely got that way intentionally. Is that fair to those you owe? Is it OK to "screw the lender", or "screw the system", or "screw The Man"? Is that you?

No, I don't believe it's better to die in debt. (Perhaps we should have laws which require heirs to pay our debts... and if they can't or won't, go to debtor prison in our stead. Would certainly alter behavior for most.)