Nicole Lappin

So for retirement, you would be upsizing, I suppose. Yes. I don't know if that's a word, but like upgrading your current situation. So let's put a price tag on that goal. Can you think about all your monthly expenses in this retirement dream house? What the housing would cost? What transportation would look like? I don't know. Do you want to just...

So for retirement, you would be upsizing, I suppose. Yes. I don't know if that's a word, but like upgrading your current situation. So let's put a price tag on that goal. Can you think about all your monthly expenses in this retirement dream house? What the housing would cost? What transportation would look like? I don't know. Do you want to just...

hang out there, ride your bike, or will you need a car to get to, you know, the grocery store and whatever? What are your utilities like? What are your groceries like? Do you want to travel? Do you want to go out for dinner? Do you want to cook? Tell me more. Can we put a number on something like that?

hang out there, ride your bike, or will you need a car to get to, you know, the grocery store and whatever? What are your utilities like? What are your groceries like? Do you want to travel? Do you want to go out for dinner? Do you want to cook? Tell me more. Can we put a number on something like that?

hang out there, ride your bike, or will you need a car to get to, you know, the grocery store and whatever? What are your utilities like? What are your groceries like? Do you want to travel? Do you want to go out for dinner? Do you want to cook? Tell me more. Can we put a number on something like that?

Mm-hmm. Yeah, it's somewhere in between. Yeah. Cool. So this is really, really helpful. Let's talk about your budget now. How much are you spending right now per month on everything? You're the budget lady. You literally went to school for it. You keep other people on set on budget. What is your budget for housing, food, everything?

Mm-hmm. Yeah, it's somewhere in between. Yeah. Cool. So this is really, really helpful. Let's talk about your budget now. How much are you spending right now per month on everything? You're the budget lady. You literally went to school for it. You keep other people on set on budget. What is your budget for housing, food, everything?

Mm-hmm. Yeah, it's somewhere in between. Yeah. Cool. So this is really, really helpful. Let's talk about your budget now. How much are you spending right now per month on everything? You're the budget lady. You literally went to school for it. You keep other people on set on budget. What is your budget for housing, food, everything?

You're fixing it, meaning you're improving it or you're having it fixed, not variable.

You're fixing it, meaning you're improving it or you're having it fixed, not variable.

You're fixing it, meaning you're improving it or you're having it fixed, not variable.

Cool. So it sounds like your dream life in retirement is pretty similar to what you are living on right now. Okay. So let's use that number, your annual burn rate. So your monthly times 12, let's just use what we have right now. Even though it might go down, it's always better to overestimate than underestimate. So 51 K a year. Does that sound right? Yes. Okay.

Cool. So it sounds like your dream life in retirement is pretty similar to what you are living on right now. Okay. So let's use that number, your annual burn rate. So your monthly times 12, let's just use what we have right now. Even though it might go down, it's always better to overestimate than underestimate. So 51 K a year. Does that sound right? Yes. Okay.

Cool. So it sounds like your dream life in retirement is pretty similar to what you are living on right now. Okay. So let's use that number, your annual burn rate. So your monthly times 12, let's just use what we have right now. Even though it might go down, it's always better to overestimate than underestimate. So 51 K a year. Does that sound right? Yes. Okay.

So for retirement, let's assume that you're going to have to spend the same burn rate that you have right now. You're just not going to be working. You need to have that ready to go. So for retirement, let's just assume that you're going to spend the same amount as you are right now, that your burn rate is going to stay the same. It sounds like you're going to be upgrading in some areas.

So for retirement, let's assume that you're going to have to spend the same burn rate that you have right now. You're just not going to be working. You need to have that ready to go. So for retirement, let's just assume that you're going to spend the same amount as you are right now, that your burn rate is going to stay the same. It sounds like you're going to be upgrading in some areas.

So for retirement, let's assume that you're going to have to spend the same burn rate that you have right now. You're just not going to be working. You need to have that ready to go. So for retirement, let's just assume that you're going to spend the same amount as you are right now, that your burn rate is going to stay the same. It sounds like you're going to be upgrading in some areas.

It sounds like you're going to be downsizing in other areas. And let's say you want to do that for 30 years. That means that you're going to need $1.5 million to retire. If you don't work and you use your same burn rate for 30 years. So from 55 to 85, how does that sound?

It sounds like you're going to be downsizing in other areas. And let's say you want to do that for 30 years. That means that you're going to need $1.5 million to retire. If you don't work and you use your same burn rate for 30 years. So from 55 to 85, how does that sound?

It sounds like you're going to be downsizing in other areas. And let's say you want to do that for 30 years. That means that you're going to need $1.5 million to retire. If you don't work and you use your same burn rate for 30 years. So from 55 to 85, how does that sound?