Build Your Own “Die With Zero” Portfolio

Build Your Own “Die With Zero” Portfolio

🔥 Sign up for Azul's Newsletter:

🔥 Follow Azul on Twitter:

💲 NEED FINANCIAL ADVICE? 💲
1) Google "fee-only financial adviser" or visit www.NAPFA.org (largest association of fee-only financial advisers). NOT an affiliate link
2) The first question to ask any financial adviser is, "Are you a fiduciary to me 100% of the time". Get the answer in writing
3) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
4) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference.

⚠️ Azul's "Scammer" Warning ➡ PLEASE READ! ⚠️
Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.

🚨 Azul's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨

The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.

This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.

This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.

Spoiler Alert: There are no "get rich" programs. Rather, just basic blocking & tackling and putting in time and care. Do your homework, choose wisely and (IMHO) work with experienced professionals who are fiduciary to you 100% of the time.

[motobikemike]

I literally just finished this book last night! I think the concept is great, but execution can be challenging, you will likely end up dying with a surplus or with not enough money. I would still errr on side of some surplus. Love the part about giving generously and giving inheritance to your kids when they actually NEED it (when they are young, like mid 20s to 30s) than when they are in their 50s or 60s and are already established.. Thanks for the video, and I have been loving your content.

[tahirisaid]

I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80, 000per/yr rent . I will have an income stream of $20, 000 per mnth through my super which gives me total $240, 000 a yr to live comfortably. I have no debts .. Stay Motivated!!

[BittermanAndy]

Got "Die with Zero" for Xmas, read it in one sitting. It's good, and thought-provoking - but hardly a money book at all! Which is fine. It made me think a lot about what I still aim to do in my life, and that time is running out to do it - I won't be cycling across Africa when I'm 70, that's for sure, so it's the next few years or never. And that's really helpful to confront and think about.

[alainmichaud]

I agree with your emergency fund 2 year rule, I need to review the assets allocation ...to have more balance right do decrease the risk, cash is still king. Alain & Yellow

[sct]

Great idea to spend to 0, but how do we know when is our last day?

[kaytee]

The price of peace at night is often undervalued.

[deelehey]

We are giving a large amount of money to our kids and grandkids. This legacy is important to us.

[Rugrats]

I recently bought the book and am reading it now. So far so good!

[catguy]

I haven't read a book in years.. but I just read this @ 60 on the verge of retirement. I won't die with 0 but it won't be because I didn't try. Let's get go go going!

[ryanwilliams]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[burrelsk]

Check to the undertaker bounces. If only I knew I was going to draft it.

[brucesmith]

We all will die with zero - there is no U-Haul nor Brinks truck following the hearse in the funeral dirge. The bigger issue is having enough for your spouse so they don’t become destitute.

[derekcox]

I don’t think 2y of emergency fund is crazy. I have 1 yr, but as it grows, I haven’t been taking any out really. 2 yr might be a bit robust, but to each their own. Here in Canada we have a TFSA investment account, which I think might be similar to a ROTH? in America …but I’m not sure of that. In retirement we will use our RRSP accounts to drain down, and if we have to use out tfsa accounts near the end, it will be ok to leave that money to our kids/charity etc as it is tax free.

[MarvishaN]

Great book. Already have a portfolio with diverse investments in gold, silver, and digital currencies, but not as much as I would want. Would like to add more just not sure how to go about it. Diversifying my $370k portfolio across the markets to withstand inflation is my goal. Can you help me?

[drewj]

My plan exactly. My goal is to die with nothing. Retired at 51

[happy_exmo]

Stephen Pollan wrote the book first "Die Broke." Great idea.

[ericfleet]

Respectfully, a multi-year emergency fund when retired is excessive. One can always liquidate some of the retirement portfolio i it comes to it. I get that you don't want to sell when the market is low, but the cost is that you've taken months or years worth of investments out of the market altogether which is almost certainly more costly.

[theukyankee]

We're fortunate to live in Europe with socialised health care and in a walkable city, so our emergency fund will not be for either of those but more for taking care of our house. That means we don't need as big a fund as those in the US (in most place). We're working with a financial advisor so we'll have enough money to last us into our very late 90s (my grandmothers both lived that long). No need to leave money to family so that also helps.

[bw]

I get the point, but is having cash for dry powder really part of the emergency fund. I think of 6 months of "cash/cd's" that I don't touch other than to shift/renew cd's with best rate, time options. The rest is ready and mentally it can be my opportunity fund for any opportunity from investing in down turn or buying last minute plane tickets to go see a new live volcano. Do you really have 2 years of emergency money if its ready for stock buying opportunities?

[Markrtsoon]

We do have about half million in 5% money market. That should get us by for a while.