The Entrepreneur's Solution: Business Tips | Wealth | Lifestyle | Entrepreneur | Success

Welcome to another enlightening episode of the Building Your Money Machine Show. Ever wondered if the retirement plan you're following might be completely wrong? Today, we're dismantling the conventional wisdom around retirement planning—a topic that's critical to ensuring you don't just survive your retirement, but actually thrive in it.In this episode, I tackle why the common advice of aiming to replace 70-80% of your pre-retirement income might be setting you up for disappointment. This one-size-fits-all advice fails to account for your unique life, dreams, and spending habits. From inflation and healthcare costs to your personal goals and lifestyle changes, we’ll dive into why personalized financial planning is essential.Drawing on studies and personal experience, I illustrate how a generic retirement plan can fall short and share detailed steps to create a bespoke retirement plan that's tailored to your specific needs. We’ll talk about understanding your spending habits, accounti