What is your number?

What is your number?

No, I am not talking about the size of your portfolio at retirement.

I am not talking about your asset allocation, or standard deviation, or Monte Carlo numbers.    

I am talking about your number.

If I were to take a wild guess, over the past twenty years I have helped clients create over 3,000 financial plans - about three per week.

In creating and reviewing these financial plans there is one number that blows me away as to the magnitude of its importance. That is the rate at which your personal expenses increase each year.
In other words, it is your personal rate of inflation.
That is your number.

How do you find it? Easy.

Keep track of your annual expenses.

Then what?

Compare the increases year after year. Ideally, you will want to keep your personal inflation rate below 3%.

Remember, this is YOUR plan and you know your life and circumstances best.

Want to find out more? Let's connect.