How Do I Start Saving For An Early Retirement? 

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

I agree. Based on personal experience working with a financial manager, I currently have ($2million) in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

I work with Grace Adams Cook as my fiduciary. Simply look up the name. You would discover the information you needed to schedule an appointment.

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

$21k? Nice cushion, but careful there! Diving into investments without a plan is like bungee jumping with a loose cord. 😂 Ever thought about chatting with an investment advisor? They might just be the key to not turning that $21k into $21

You’re both on point! I’m sitting on some savings too, itching to invest but totally clueless on where to find a good advisor. Do you guys have any pointers? The struggle is real, haha!"

There are a handful of CFAs. I've experimented with a few over the past years, but I’ve stuck with ‘Linda Aretha Reeves’ for some years now, and her performance has been consistently impressive. She’s known in her field.

"Watched Linda Aretha on Bloomberg Finance Summit 4 years ago-her presentation was terrific! Been following her advice ever since, and it’s paid off

Just looked up Linda Aretha Reeves-she seems like exactly what I’ve been searching for to step up my financial game. Thanks for the tip!

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

I agree. Based on personal experience working with a financial manager, I currently have ($2million) in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

I work with Sonya Lee Mitchell as my fiduciary. Simply look up the name. You would discover the information you needed to schedule an appointment.

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

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.

keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory

Agreed, having a good financial advisor is invaluable, my portfolio is well-matched for every season of the market and has just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

Julianne Iwersen-Niemann is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge, And it also all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

Impressive can you share more info?

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

I'm very much aware of the great benefits of working with a pro but I haven't found one for myself

Important of investing cannot be overemphasized, that's the only way to gain financial freedom

Crypto and real estate crowdfunding are awesome investment options, it's great you are growing with Bianca Harley Doran

These are very info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it.we may not want to admit, but as warren buffett once said, investing is like any other profession, it requires a certain level of expertise. Not surprise that some people are losing a lot of money I'm the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it . I've got $150k set aside to put in the market

Understanding personal finance 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. I know someone who made over $350k in this recession-nfluenced market,but to the best of my knowledge, it was through an F.A

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers

Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments

Hope you don't mind if I ask you to recommend this particular professional you use their service?

There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

Yes you might say that but More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. .

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.

@@MarcelinaMakowski We have invested money through Cynthia Depken for nearly 5 years. The market had its ups and downs, but it did very well for us in the long run. With my pension, social security, and investments we can live comfortably. We can now fully enjoy our hobbies, travel, family, and making new acquaintances.

@genesisduma4500 I’ve been down a ton, I’m only holding on so I can recoup, I need help, who is this investment adviser that guides you?

@genesisduma4500 I will give this a look, thanks a bunch for sharing.

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

Since meeting Expert Charlotte , I now agree that with an expert managing your portfolio, the rate of profit is high, with less risk.

I'm new at this, please how can I reach her?

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

That’s right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by the financial advisor I use, so you don't necessarily need to be a perfect investor or do the hard works, just have a professional to guide you.

That's impressive, the thought of reaching out to a financial advisor has crossed my mind severally but the fear of loosing funds cripples me, please who is your financial advisor and how do I make contact with them?

Lisa Ann Moberly, a simple search with her name will suffice, she's all over the net.

Thanks for this amazing tips, I looked her up and booked a call session with her, she seems proficient

It's great to hear about your interest in stock market investing for retirement. While it can be a powerful wealth-building tool, market volatility can seem daunting, especially for newcomers. To navigate this, diversification and a long-term perspective are key. I'd be happy to discuss strategies, investment ideas, and share insights that can help you build a solid investment plan. What are your specific goals for your retirement portfolio, or do you have any questions you'd like to explore further?

That's truly captivating! I'm utterly intrigued. How can I connect with your financial adviser?

Sharon Sue Parker, a distinguished financial consultant, has been an illuminating guide in my journey. You might recognize her name from a recent spotlight in Newsweek. She stands as a prominent figure in the financial market, an individual whose expertise is truly deserving of deeper exploration!

It seems she possesses an abundance of knowledge and has delved deep into extensive studies. After a quick search of her name, I stumbled upon her website. Grateful for your willingness to share this treasure trove of information.

Placing my investment portfolio under Sharon Sue Parker's adept guidance has transformed my financial journey entirely. Her skillful management has revolutionized the way I approach wealth generation, leaving an indelible mark on my investment landscape.

For retirees stepping into the world of investments, teaming up with an experienced financial consultant is paramount. This partnership plays a dual role: guiding as a mentor and protecting your wealth. It sharpens your trading strategies, boosts potential profits, and significantly lowers the risk of endangering your lifetime savings.

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,.,.,.,

how do I get in touch with this consultant that assist??>>>>

STEPHANIE KOPP MEEKS, that's whom i work with look her

Thanks for these recommendations.....,,,

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,

how do I get in touch with this consultant that assist??>>>>

STEPHANIE KOPP MEEKS, that's whom i work with look her

Thanks for these recommendations.....,,,

For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs.The importance of having financial safety could be why boomers are turning towards advisors in retirement planning

There has been so much knowledge shared here, I'm at a crossroads with my portfolio and would like to see it grow in view of retirement. How can I reach this professional?

Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.

SCAM

Truly It’s all about accumulating wealth through compound interest investments.

I did read about Olivia Rene Reyes, quite an interesting lady to look up on the web.

Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth

Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

lucky for me i stumbled upon this and i must say i'm really looking forward to working with Olivia

What's the best investment now ? I'm afraid to make wrong decisions.

Investment is the key to sustaining your financial longevity. And not just an investment but an investment with guaranteed returns.

@@shanoimelissa3425 I invest and trade financial market. It's been very lucrative. With the profit i made over a year, I was able to buy a restaurant. But trading is not what you do without proper guidance. I have a broker he handles all my trading activities and makes sure my portfolio is diversified into various sectors of the market.

@@evelync1504 sounds better, how can I start with your broker?

@@shanoimelissa3425 you can mail him directly via 👇

Work on our terms.

That's key

True. I look at it as "early retirement = options"

I agree Flynn, I started investing 2016 and that same year I pulled a profit of about[$600,000]profit with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a pro assist you

@Colt Rocky The advisor I use is Diana Claire Lougen, she;s verifiable , so you could just search her.

This recommendation is coming at the right time because i am literally grasping for straws atm! I verified her online and scheduled a phone call with her.

[I curiously looked her-up and I can see she;s has worked with top notch companie;s like M&T--SECURITIE;S , I have an account with them. Serendipity!!!

Good for you!! You're a great American success story. My wife and I are trying to do the same, actually.

This is a accurate. Retirement doesn't have to mean you don't work. It means you have the option of working or not, and working where you want. You get to be picky with your time and lifestyle.

Not saying your wrong, but I did feed 2 kids, payed for wife's college, our mortgage and bills on 30k working in restaurants. I hated it, but it was the path we chose. We are stronger now because of those times.

Yes. To answer the question at the 5:30 mark about why people in their 20s or 30s are so eager to retire or planning to do something else..... Because MOST people can't or at least don't end up doing what they love or are passionate about. If that was the case, the world wouldn't function. Too many jobs are required that aren't necessarily desirable, but needed, to have a functioning society. Often times yes, maybe you can find a way to make what you love to do have income, but maybe not enough to live the way you want. So the quicker you can build up to the point where you can start to do what you like, but not have to worry about not making enough money because you are way ahead, the better.

@@mattschmitt9924 Sure, it isn't impossible But there's a balance. I could quit my job now(I don't hate it, but I certainly don't like it. It's more of less boring and going to the same place every day isn't desirable for me regardless), go work elsewhere I might like more for half the pay and technically still pay all my bills. But ultimately, I'd never have or get to do half the things I want to do in life. (actually more by the time you invest wisely) So again, finding that balance. Where you save save save, get that freedom, allows some to find their passion earlier rather than later. Finding it at 50-55, even if you sacrifice more at 30, is better than finding it at 70, or not at all. In an ideal world, I'd love to find that balance today, or 10 years ago. I'm 35. But again, it's about the balance to be able to do what I want now, to an extent, while also building to a better future even if I could find a better now. I mean, isn't that what Ramsey is all about anyways?

Absolutely agree

Couldn’t of said it better myself !

I noticed that too. Frankly, I prefer the S&P because I never hear exactly what funds outperform it.

@Austin Duke As a fiduciary financial advisor myself, I suggest not even attempting to beat the market. I don't. Too much effort when even the "best and the brightest" on Wall Street consistently underperform. I personally think Dave has historically done his listeners a disservice by pushing actively managed mutual funds and claiming that finding ones that outperform the market "isn't that hard" to do. I think this has been his way of pushing listeners to his SmartVestor Pros who pay affiliation fees to be endorsed local providers. The easiest thing you can do is open an account with a company like Fidelity or Vanguard and invest in a Target Date Retirement Index Fund. Take your birthdate + 65 and that is the year of the fund you should pick. Ex.) Vanguard 2060 Target Date Retirement Fund.

@@tommymodec Just don't buy a target date fund in a taxable account. They're usually ok, but there was a bit of controversy last year when Vanguard changed minimums on the cheaper share classes and people got huge capital gains tax bill because the funds had massive outflows.

​@@jdmulloy personally I picked the target that is a year or two before I can touch the money penalty free. So age+59, and round down to the nearest 5 since they don't do 2062 funds.

32 shooting for 50

Sounds like a plan!

nice, I think everyone should be able to retire at 50, still young enough to do everything you want. 65 is way too old in my opinion.

@@dfiniin6820 ideally if you have an enjoyable career that you can scale back and work 20 or 30 hours per week, that's even better

Hopefully when get to 65 we won't think 65 is too old. Gotta also take care of our health along the way :)

Exactly. A lot of people assume early retirement means lying on a beach or watching daytime tv all day every day 🙄

Perfect summation. Retirement for many doesn't mean don't work. It means the money is supplemental, not necessary. It means getting to take more risks to do what you like, rather than what you have to do. To work less, or set your own hours, etc. Basically, be in control of what you do, when you do it, and how you do it.

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

@@mariaguerrero08Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

What index funds do you invest in Professor Nolan Gouveia?

@@coltonparsons4852 and with whom does he invest with? Vanguard? Fidelity?

Yep. Dave’s an hypocrite in more ways than one.

I know a guy who retired at 39 thru real estate and he’s playing video games all day mostly lol he’s living the life. He spends only 2-3 hrs a week on his business and rest he’s free. He’s not married, no kids etc

@@edb484 would love to learn how to replicate that

It's simple if you start early. Just invest in index funds every month. Keep expenses low and invest as much as you can. 20 years of that and you'll be just about there. If you start at 20 you can retire by 40 if you're serious about it.

He could monetize playing video games.

Absolutely

It's insurance, it's security, and it's basically the ability to choose exactly what you do, regardless of income. For example, I have a couple of jobs in mind for retirement, but I wouldn't be able to make the money off of them to do the things I want to do in life. There's just no way. Now, in retirement? I wouldn't care if I was working those jobs for minimum wage

You are a spot on! I was so happy to finally become financially independent and know that if I got laid off tomorrow because I was too old it wouldn't hurt me and I would have the option to find another job or not.

Yes styling hair is a very physically demanding job. I am surprised anyone can do it for such a long time without their arms just becoming super jacked. I bet you can bench 400lb with a carrer like that

yea there a lot of physical jobs that you might not want to retire early but you might want to work less. i mean hairsylist and carpter michance pluber and a million other jobs.

Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos

now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.

Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?

search her name on the internet to reach her

Here’s what I did. Used FHA loan and only put 3% down on my house. After a couple years the house worth increased so I had 20% equity in the house and I refinanced to get rid of PMI. So I’d pick a price range of a house. Make sure the mortgage, insurance and taxes aren’t more than 25% of your monthly income. Save your 3% down payment and then buy you a house. Also recommend a 30 year mortgage. A 30 year mortgage can be paid off in 15 but a 15 year mortgage can’t be paid off in 30. All about giving yourself flexibility.

Great content. everyone needs more than there basic salary to be financially secured. The best thing to do with your money is to invest. Money left in savings always end up used with no returns.

@Tony Metzger My portfolio is very much diversified so it's not like i have a particular fund i invest in. plus i don't do that by myself i was guided by an investment adviser, Suilian Mai Wilson, I can correctly say she's worth her salt as a financial adviser as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 15 to 20% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what she trades and not just on some particular industries of my choosing

you're right, most people live non-average lives as a result of wrong decisions and poor planning. I think people who suffer are the ones who don't think about their future and don't invest. Investing has really saved many lives and got people off the streets.

@@willroach1750 are you giving her your money or the money stays in your account? I have heard about copying trades but have not looked into it but i have an idea of what it is

@@waynespears1327 Yea exactly, can't give anyone my money it stays right in my account. my account just mirrors her trades in realtime. it's relatively much easier to set up and connect my accounts than creating a financial pan and drafting investment strategies myself

He never answers the freakin question

@Austin Duke Austin Dave didn't really seem to pay attention to this guys question about retiring early. Instead. Dave and company always finds something wrong with it and are like 'why do you want to retire early's except I think he beat them to the punch this time. They are so childish when it comes to F.I.R.E. Literally someone could have all their ducks in a row straightened like the military and they'd call it crooked

Amen! This seems to be a secret, my wife and I are retired and pulling 401k funds this way.

Sorry Rachel he invented beans and rice. Dave knows more than 99% of the YT clowns.

He knows that FI is admirable but RE is stupid.

Agreed. He is great to help you get debt free but FIRE expert he is not

As someone who had a net worth of negative $118k 8 years ago, who currently has a net worth of $380k, and never had a household income over $85k -- I'm going to keep doing everything Dave Ramsey says and let the haters hate.

@@PartScavenger no hate here. Just saying he isn’t an expert in FI

Yea. He’s been saying that for years

He is fine with S&P 500, he just prefers the (good) mutual funds more when it is available.

Sure, of course everyone has a dad that can give 2million dollars.

Seriously. People need to take the initiative. :-)

Very funny

Retiring before you're 40 is just stupid.

@@jrwntctv8091 you have a funny mindset.

Passive aggressive was the correct response.

@@jrwntctv8091 Why?

Good resource!

“Our Rich Journey” are great. Love them

@Prey R not in my opinion….when talking about wealth…it would be a mindset…but when talking about mindset…it doesn’t necessarily mean wealth….if that makes sense