Wes Rowlands

Now, full transparency, I don't want to ever retire.

That's just it's just not my DNA.

Well, let's say if I were to be my goal of being mathematically able to retire would be that my long term assets.

would be able to produce for me enough net income and still grow while simultaneously paying for my expenses.

Now, that's the first prerequisite.

However, I like to add a buffer to that, which is, okay, but what if my long-term assets are down?

What if we have a 2008 or a COVID or et cetera?

Okay, I don't really want to be

removing my long-term assets during those volatile times.

In fact, I'd rather let my dividends and my rental income and my business distributions reinvest when prices drop so I can build up more density and take advantage of pricing opportunities.

But where am I going to live off of that point?

Okay, well, I'll go over to my two to five years of capital that are not in long-term assets.

Those are in short and medium-term assets.

Super short-term stable from a volatility perspective, but they don't grow very much over the long term.

So I only have I want to get scalpel level precision with that bucket of money, because if I over index on it, well, now I'm giving up longer term growth.

And inflation is a real killer of money, like to the degree that most people, they kind of understand the concept, but they don't really grasp the magnitude of how much inflation can just murder your money over time.

Yeah.

And this is where that distinction between speculative assets and productive assets is super important.

So if we if we backtrack a little bit and say, OK, speculative assets.

Well, if the only way in which I can make money is if the price gets higher and I sell it at the right time because the price could always drop after it reaches a peak.