Financially Simple

In baseball, moving to third base is a natural progression: you hit the ball, turn first base and run to second, then move to third. Of course, you wouldn't stand idly on second base if you wanted to win—the same is true for the Wealth Game. At the second base of the Wealth Game, you might consider yourself successful. You're living within a budget; your income is sustained and stable;  you're making regular contributions to your retirement plan; maybe you have a business you're expanding. But don't stop just yet—it's time to move to third base. In this episode, I discuss the transition from second to third base and how it differs from the previous moves. I explain how you can calculate your net worth to assess whether you're ready to move to third base. I also reveal the secret sauce to accumulating wealth and describe how to make your assets support the lifestyle you want to live. "The goal of the third base is to go where our assets provide us with enough income to cover the cost of our lifestyle." - Justi