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Your Net Worth Is Lying to You

Most people are taught to chase a net worth number — but net worth alone is a terrible goal for real financial freedom. In this video, we break down what actually matters more than net worth using retirement data, behavioral finance research, and real-world planning examples. You’ll learn why forced income and tax timing (RMDs, Social Security taxation, IRMAA), portfolio volatility, spending flexibility, liquidity, and psychological safety play a far bigger role in retirement security than your account balance. We also cover why income floors, risk capacity vs risk tolerance, over-optimized retirement plans, and optional work flexibility determine how safe — or stressed — retirement actually feels. If you’re planning for retirement, financial independence, or long-term wealth, this video explains how to build a retirement plan that’s resilient, flexible, and sustainable, not just impressive on paper. Because financial freedom isn’t a number — it’s whether your plan still works when life doesn’t go perfectly. 00:00 Intro: Why Net Worth Alone Can Mislead Your Retirement Plan 01:03 Forced Income & Tax Timing - Why Net Worth Isn’t Spendable Wealth 03:06 Net Worth vs Freedom - Why Volatility of Income Matters More Than Assets 04:18 Risk Capacity vs Risk Tolerance - The Retirement Mistake Most People Make 04:56 Spending Rigidity & Flexibility - How Fragile Is Your Lifestyle? 06:02 Spending Rigidity Explained - Fragility vs Resilience in Retirement 08:08 Psychological Safety in Retirement - The Invisible Variable No One Models 10:15 Liquidity & Access - Usable Money vs Life-Disruptive Assets 11:56 Should You Include Your Home in Net Worth? Why This Debate Misses the Point 13:03 Optimization Risk - When “Perfect” Retirement Plans Fail in Real Life 14:51 Optionality Runway - Measuring Forward-Looking Financial Freedom 16:22 What’s the Better Goal Than Net Worth? Redefining Retirement Success Sources: UMich Health and Retirement Study: https://hrs.isr.umich.edu/about National Institute on Aging: https://www.nia.nih.gov/research/reso... EBRI Retirement Confidence Survey: https://www.ebri.org/retirement/retir... Reuters Article: https://www.reuters.com/world/us/wome... Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here:    / erintalksmoney   Thanks for watching, I appreciate you!