Early Retirement in One Lesson (or How I Retired at 30) 

Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

I definitely share your sentiment about these firms. Finding financial advisors like Natalie Noel Burns who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists

@@neilpatrick-xj9yr A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my 700k portfolio and boost performance and returns by 40% in a little over four years

@@RasmusLarsen-kt6vz Can you refer me to this individual please?

@@neilpatrick-xj9yr I'm being guided by LINDA A STEINER who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.

@@RasmusLarsen-kt6vz I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

Mind if I ask you to recommend this particular coach you using their service?

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.

It seems like I used the FIRE movement to manage my finances. Investigate it further by doing some research. With the help of a financial professional, they were then successful when investing in stocks, cryptocurrencies, and real estate.

I encountered Julie Anne Hoover through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.

@@jeffery_Automotive I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Julie up and send her a message. You've truly motivated me. God's blessings on you.

Wow, good for you. Reading this is so inspiring.

😬someone tell him

trainsirf sry, No can do. Suck at math

Sorry but you are to late. Im also to late, but it's never to late to begin! Your goal should be at 50 but my goal will be at 35. Im had alot of focus for it couple years already and im saving about 80% my income now and most likely i will get the cabin from my grandmother in inheritance and i will be turning that into a home so i will be most likely be debt free with a house when that's fixed up (rehabilitate) and that's will also increase the value for the property.

@@MrLasox thanks for stating the obvious and confirming I'm already too late to retire by 30 🙄. I was literally sitting here calculating how I can be Benjamin Button. Thank you internet.

Lasse Yeah damn good plan!

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@@MaryPatricia-wr3wj This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.

@@user-wx7qe4ch9f Oh, that sounds good but how do I reach out to MARTHA ALONSO HARA

@@MaryPatricia-wr3wj quickly do a web check where you can connect with her, and do your research with her full name mentioned

@@user-wx7qe4ch9f Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me

@Johan Lammers Good luck friend! I wish you the best on that goal :)

I want to feel this "betterness"!

This is why I separate my passion and money.

@Johan Gustav Lammers 00

@Johan Gustav Lammers 00

They're laughing at everything, even the non funny stuff (which is 80% of the talk). Like wtf

I don't know about that. Chris Rock said he didn't like it when audiences were too excited to hear his material and they just laughed at everything. He said if he felt that vibe, he'd take the audience close to being disappointed so that he'd have to work for their genuine laughs. That insight into human nature, combined with the desire to work hard at something he loves, is the difference between someone getting paid to perform a task and someone dedicated to refining their craft.

@@ella3505 Stand up comedians supposedly have a fantasy where they have orgasms because they are so excited. This audience is meant to be such a fantasy for stand-up comedians because the audience easily and enthusiastically laughs at things that aren't really funny.

As someone who watches a lot of standup, this comment was hilarious

In the first few seconds he said “Today’s Saturday” or some shit like that , and they laughed -___-

This is the way

This is the way

This is the way

This is the way

This is the way

I do the same brain exercise. What would I do with my time with a lottery win? I would help people working on their homes making it more functional, economical and beautiful. Well that's what I already do as a carpenter home handyman. I do small and medium projects on people's homes getting a chance to build meaningful relationships in my community and helping people enrich their home life.

Also I live in rural Canada so that helps.

That's awesome mate. But how did you turn your savings into an income source so that you 'do not need to work'?

Strategy is very similar to Jacob Fisker (you may read his book „Early retirement extreme”)

There are a lot of people who like to do that kind of work for the challenge and the status. Not everyone who is working is "trapped". I'm not in that group - I'll retire when I'm able (but am single income with two kids and a spouse, so it'll be earlier than most but not 40). I regularly run into people who work well past when they would need to financially because that's just what they want to do, or because they've worked to get to a leadership or management position in a firm and are no longer the ones doing the drudgery type work (and getting paid well).

@@rachunkimj2166 amazing book. Jacob definitely opened my eyes to an alternate way of living.

@@daw162 I agree, there are many paths you may choose, but having more optionality allways helps. Even if you do not need to work you may choose to work, but you will be much more consciencious of your life choices (I hope). To tell you the truth my ex-managers have been over-commited towards work. Clayton Cristersen speaks about it in his speech ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5DwYcNr0Nuw.html

Best thing you can do to derisk is diversify.

Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

Her name is “Melissa Rose Francks’’ can't divulge much. Most likely, the internet should have her basic info, you can research if you like

There's a saying "Retirement is not end of work. But it's just having enough time to do your favorite work"

Retirement is doing what you want to do. If it looks like work to someone else, it’s not your problem.

Yep. He regularly has talked about how he'd go nuts from boredom without working. Also, since most people are unhappy with their job, not having it would be ideal.

I am working as a social worker in Austria, earning arround 35k per year and even with a billion on my account I wouldnt quit, but I still safe arround 40% of my income so my next generation can do what they really want aswell.

It’s freedom to do what you want when you want

That is my goal beyond the money and financial security! I want some part of that childhood feeling back! I found MMMs website a few years ago, and I still remember how everything just felt right. First time ever I felt the urge to "follow" someones path, and at the same time, I dont have to follow him at all. Just do it yourself and stop wasting money, save and invest. Its kinda easy. And omg it works.

@@gimmetheacoountplix so right.

Well, in the US at least, you still continue working even when you don't need the money because you need the frikkin health coverage.

Seriously!

@@nitin_puranik can you buy an insurance from another country and travel there to get therapies?

Wow thats a very inspiring message 👏👏

“Feel the pain of discipline early or feel the pain of regret later.” That’s a powerful sentence my friend. Thanks for sharing your story!

Invested 29k in late 90s then in 97 cashed out 250k after putting tops 24kish in. Doesn't add up.

1k a month every month from 91 til 97 on top of the 29k initially invested? Sure does.

@@shashankkaveti6894 yep that made me realize I gotta do my stuff right now. So off I am and thanks for the inspiration, your story and life motto : ) Edit 6 Hours later: I have an assignment to finish smth till friday evening(it's a rather personal assignment but will help me in the future as it is closely related to a future job). Well now I got half of it done :). Originally I expected to be at the halfstop tomorrow evening, but ngl this video and comment got me grinding. Also Ps: I am 18 years old rn. Anyone got tipps on what to focus on financially? All sorts of ideas and tipps are much appreciated. Have a great day everyone :)

90%?! You don't need 10 years when your savings rate is his high.

lol

Now we work from home chilled as a Mofo...

I am changing my life as well

Same. My 2, 2 week international trips per year are all that I spend my money on. The rest of the time I work like a mad man and invest.

I think I'd credit my early retirement to David Marvin Willis. the investment adviser changed my life.

Mine: we grew up in Canada so nobody had told us that this is impossible... so we did it :D @5:35

I have been holding most stock like TELSA AAL but the crash are inevitable 😊

@Jeffrey Shane Wow great that's called diversifying a portfolio

Most investors don't know how cryptos are, Bitcoin trading is the best thing I've ever done since the inception of crypto currency

Bitcoin is the future king of all crypto it's very profitable for real am 26 started investing when I was 23 I think before 30 I will make over $400k

Whenever it comes to trading FOREX MARKET I can only advice you seek the idea of someone that’s successful not those posting about who did this or that. All we need is a good teacher that will enlighten us about it, as for me I have worked with so many traders and thou some are good but the lose is greater than the gains. I had to checkout on someone who I personally know and she taught me how to monitor and place trade at the right time using MT4 flash. besides that she had me as one of she’s student of which I loved she’s teaching and got so much idea about trading I can tell you that I now make good profits in trading including BITCOIN as well. It will be my pleasure for me to give you her contact to give her a try her name is Mrs.Helen. reach her on WhatsApp Num:+1.2.0.6.5.8.0.0.1.2.9

@@amazonstaff2848 I have a feeling you failed Shilling 101.

@@bobwallace9753 It's a bot

45 still mustve been still really young in retrospect!

And in Russia and maaaany other countries :)

They literally laughed at nothing. lol. "I made them hexagons" Crowd: HAHAHAHAHAHAHAHHAHAH!!!!!!!!!!!!!!!! HEXAGONS!!!

They're americans.

He was in Portland. It was both ;-)

He made a very inspirational speech. Makes me want to rethink my lifestyle too. Thankful for the passion and knowledge that he shares with others! We need more people like you in this world Pete!

@@francescadelight It needs to be taught in middle school and high school and at parent-teacher conferences in my opinion! Pete's a brilliant mind.

I love listening to his seminars, there's a lot I need to learn, I need to start making the best decisions for my future. You say you where in a crisis in your mid 40's? whats your story and how did you navigate through it? I'm in a bit of a sh*thole myself haha

@@weicaihon well I went through a d i vorce at 46 and it basically wrecked my me, before that I never really looked at what my r e t i r e ment would be like but after the whole situation I just had to look at things differently because I knew needed to get my life together before 65 at least.

Luckily for me I was r e f erred to a p a r ticular f i r m in Colorado by an a d visor. Fast forward to today through the firm in a couple years I've been able to amass $540k for my r e t i r ement and still going.

Hahaha I didn’t know if I was just a big Timberlake fan and noticed it because of it or not 😆

Tustin Jimberlake

OMG, I thought I was the only one who saw the resemblance . LMAO

He definitely looks like JT 🌟🌟😂😂

Mixed with the speaking style of Mitch Hedberg 😂

He is the founder isn’t he?

Yea but his calculator is all jacked up.

Still in college but kind of the same to you when it comes to money. I just cannot understand the need of buying the last Iphone, car or shoes. Even when I'll get a job, I don't think I will start to do these useless expenses. Maybe a part of me is too aware of all the marketing tricks and that we live in overconsumption society, and I just don't want to fall in this trap as too many in my surrounding do.

@@guillaumels1194 If you start in college you're soooo far ahead of the curve it's silly. The jump from college to full time income is a super easy way to turbocharge your savings rate, if you just keep living the college lifestyle you're already used to. Good luck!

Bro. Same. Though I’m just a lowly pleb. No degree, no nothing. BUT to me, these lessons are even more powerful because a normal joe shcmo like me really can achieve it.

@Paul _ Haha I mostly agree on college - taking on a ton of debt for a degree that doesn't give you good prospects to repay it is a losing proposition. There is a time and place for college in some occupations though. What we're talking about here though is savings rate. What most people end up doing *after* college, is take their new higher income, and proceed to spend about 15% above it (viva credit cards! #smh). If you instead keep your college lifestyle after graduation, saving that new higher income can turbocharge your finances - via investments etc. Rentals are great for that *if* you know what you're doing.

samapak7 you’re doing well kid! Way ahead of the pack. Well done and keep it up!

how?

Best of luck

lol good luck. im 17 and im going for sub 35

Study hard in High School > Get scholarships > Go to a community college or state school where you take on little to no debt > Study a STEM subject (IT and Medicine are very lucrative career fields) > Find a job > Save 64% of your salary > Retire early

@@CFxRenaissance wtf you just leaked my plans! Good thing 80 percent of the population is fixated on buying new things every goddamn year so I still have the advantage

theironmanx428 not a New New Video vimeopro.com/aonc/wds-2016-keynotes/video/183016901

No no noooooooo, we need laborers to do the mundane.

No one will give you the tools to overthrown them.

@Verda Then you go onto the website www.mrmoneymustache.com/ and start reading. There is a lot to learn but basically if you save half your income and invest in stock market ETF's. With roughly 17 years you will be financially independent. Thats why you need to be frugal, because it frees up funds to save and invest. Like I said above, it took me 3 months to get what he was saying but he was spot on. Once you get it you you will then live your life differently.. If you want to of course.

Influcifer?

I missed the retired at 30 :)

@@OpiChaggar work on retire at 40 then :)

If you retire at 20, that was luck and privilege. Even determination doesn't cover retiring THAT young by itself. Even still, don't worry so much about what you didn't do in the past; worry about what you can do in the future.

@@xaldath4265 That makes me think of that 20 year old that won the lottery a few years back. He said he will be retiring. All that I thought was glad someone so deserving won it. lol

Ha, my wife just said the same thing. (And Mitch is like her favorite comedian)

Escalators don’t break. They just become... stairs.

100% agreed. My friend told me this when I was 18 and its been stuck in my head since. "In this world, you must buy your freedom."

@@godini69 but where do you get the money'?

@@snorttroll4379 create value in the world and money will follow

@@snorttroll4379 The video literally explained it. Work, save and invest for 10 years. We just have to serve 10 years minimum.

@@baxakk7374 this is a simular message i'm giv'n my teenage daughter now. - get a hearty degree; - save & invest at a VERY HIGH RATE; - work (doing what you have to do) for 15 years; - THEN do what you want to do from then on

me 2. Didnt know he was so funny - subbed

How did you do it? Are your ideas original and different from others in your field? I'm a 24 y.o. who got lucky with landing a Corp job for 70k but I feel that this life is not for me. I don't know how to start my own business but I've grown a fuckton of technical knowledge through my career and stuff I learned at an early age. My problem is that I don't understand how my own business can take off without having original ideas. I'm in the tech sector if that helps

@@bongboyz6468 You need people who have the skills you don't have. Working together like that is how succesful companies are made.

Having your own business is one thing, loving it is just impressive. What kind of business do you run?

@@bongboyz6468 I knew I didn't want to stay in the deskjob doing 9 - 5 forever and I knew in the back of my mind I had a skill I could sell (I'm a trained musician) so I started a part-time music teaching business alongside my main job. Then, after a year my clientel grew to a point where I could drop a couple of days at my main job and do my business part-time. Then after another year of getting my name around and growing my customer base I was able to leave the deskjob all together and focus on the teaching as full time career. It's been supporting me for four years now and I've never looked back! If you have a skill and experience that you know people will want or need and benefit from, you can sell it. You don't have to be original, think how many self employed plumbers, electricians, gardeners e.t.c are out there, all doing the same thing, but all successful. The very first thing you need is a vision. If you don't have that, your business will never happen. I wish you all the best!

@@miccykg7803 I run a local guitar teaching company for complete beginners. I always wanted to make money out of music ever since I was a teenager. I realised teaching it was what worked for me. It supplies me with a full time income and I love it!