Watch an Elite Financial Adviser Hack His Own Retirement - Bloomberg
He can afford it. He just doesn’t want it. . What does the 37-year-old financial planner, a partner and director of research at Pinnacle Advisory Group , want. And when he reaches that point, he’ll probably just keep working—and driving his Kia Spectra, which just turned 10. It’s part of a philosophy—and plan—he started following in his twenties. “When you recognize that even as a 37-year-old I could be working in some way for the next 50 years, investing in myself and being able to improve my earnings power matters way more than anything else,” he said. Along with advising clients, he writes books, has a blog he says has about 100,000 unique visitors a month, gives speeches at about 70 conferences a year, has partnered with or co-founded half a dozen financial services businesses, and has... His wife stays at home with their daughters "in part to help support my ability to grow my business for our family's benefit," Kitces said. The goal Starting with a savings goal is going at it backwards, Kitces said. “I start from a spending lifestyle first, not a savings target,” he said. “I don’t say I want to save 10 percent or 20 percent a year. Source: www.bloomberg.com
