Jack Selby
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
I don't look at income.
Income he doesn't spend any of.
And he spends maybe 0.5% of his assets.
I don't spend any.
No income.
So my philosophy is this.
If I make $100,000, it's not $100,000.
All that is $2,000 a year in perpetuity forever.
Maybe $2,500 if we call 2.5% of that.
So the way I see it, every $100,000 I make...
$2,500 a year.
And that's what I mentally live off of.
But he doesn't actually because that's still too much.
Like, actually, how much, like, you spend... I don't need to yet.
You spend maybe 0.5%.
I don't like to spend the money now because I don't need to spend the money.
But I like the option to be able to.
But the issue, but according to Grok, it's better for me to wait until 42 to 45.
To start drawing down.
Yeah, but it's invested and it could drop 50%.