Wes Rowlands

To put it in perspective, I know personally that

And I can't name the certain types of assets that are in vogue right now, but you could probably imagine the ones that are in vogue, right?

All about, hey, my cousin bought this coin at X, Y, and Z dollars, and now it's dramatically above that.

Here, I can tell you, I do not know anybody who's done that and built substantial wealth.

You may know, but I don't know of them.

And I've been working in finance for 20 years.

You would think that I would have come across at least two of them.

I know zero of them.

Now, I do know some people who've made some money, but that important part is like some money.

Because I also think people dramatically underestimate how much money it actually takes to reach financial escape velocity.

Like, oh, wow.

So let's talk about that.

So back of the napkin math, it's going to be relatively similar for most people and it's going to be slightly different for most people.

So financial escape velocity as I define it is at what point will my portfolio assets

generate me enough income net in perpetuity for me to survive and ideally increase, maintain or increase my lifestyle as we go along.

That number plus having what I call moat money.

So between two and five years of expenses in short and medium-term assets.

So that way, if my long-term assets dip temporarily, I have a whole war chest of short, medium-term assets that I could live off of in the meantime.

Exactly.

So if we look at where let's let's pretend I was retired.