Are you struggling to find ways to protect your retirement income during market downturns?
Do you know that there’s a surprising connection between Taylor Swift and retirement planning?
In this episode, Tom Selbo discusses the importance of having multiple sources of income during retirement and how we can learn from Taylor Swift’s business model to apply these principles to our own portfolios.
As one of the highest-grossing artists, Taylor Swift has a variety of income streams, from album sales and streaming royalties to merchandise and touring revenue. This diverse range of income sources provides her with a strong financial foundation and protection against market fluctuations.
Tom highlights how retirement investors can apply this same principle to their portfolios by having a mix of passive and active income streams.
Topics discussed in this episode:
- The importance of having multiple sources of income during retirement
- How Taylor Swift’s business model reflects the benefits of a diverse portfolio
- The different types of investments and assets that can help draw more retirement income and provide protection during market downturns
- A mix of passive and active incomes that can be included in a retirement portfolio
- How you can go about identifying and creating different sources of passive income
Tune in to this episode to learn more about how Taylor Swift’s multiple sources of income can inspire retirement investors to create a more diversified portfolio and the benefits that can come with it.