I retired at 41 eight years ago and the bank account has gotten larger every year since. This video is a pretty good explainer as to why. A normal person planning for retirement: How much do I need to retire so that the money won't run out before I die? Can I live purely on social security if I have to? An INTJ planning for retirement: How much do I need available for investment such that my passive income should, on average, solidly exceed my yearly expenses? You never run out of money with that strategy. It keeps growing all the way until you die, and you can splurge a little more each year if you care to. That was my big picture financial thought process when I was 18, and it still is today.
You clearly understand the inner workings of a Sigma's mind when it comes to personal finances...You must be a Sigma yourself to make a video that is this spot on!... ;-)
Firstly...Diversify. Second... Invest only in what you love. You will nurture what you love, and regardless of market fluctuations, you will continue to possess what you cherish. Bonus... Learning to repair and build what you can is invaluable. No one else will put in more effort than you to ensure your project is done correctly. Additionally, you won't be dependent on others' schedules. Debit free asap is a no-brainer.
I don't ever delegate my work down to pros, for they're far too expensive, plus if I can do it myself, why would I? I only contract out people for things I CAN'T do, like putting on a new roof, or fixing the plumbing.
@@Jackripster69 Probably because they keep thinking that Uncle Joe is going to bail them out. I mean when you have a commie for president, they can see the future, only they're stupid enough to jump onto it before it happens so much. Gee wiz, I guess Trump becoming president might just upset the commie cavalcade huh? I know if I were hiring people, I would only hire such people if they were my absolute last resort, because I know they're good for nothing except trying to soak every ounce of time off they can.
@@Jackripster69 Sort of a cursory answer here, but I would think that IF they can do it, but won't, it probably shows either laziness or just pretending they're Queen of the Nile (then there's always "they don't have time"). I recall on my very first job probably in the first week, and my first week was with hazard (as my then mentor told me later), I questioned my boss's lack of doing anything to help the group effort, as obviously it was something the franchise encouraged. He told me in no uncertain terms that him sitting back in an office was how he derived authority (funny, when I would later become a leader there, I had the precise opposite approach). Funny too that when his bosses came by, he was helping us out; what a laugh. IOW, his pretend aristocracy was that it's only the servants that do any work, and in a sense, who could blame him, since it was the societal work model? Perhaps it's the allure of thinking yourself more a big shot if you do none of the work, that brings some of this condition on?
High quality video content! I have another question: someone transferred me some usdt and I have recovery phrases. 「pride」-「pole」-「obtain」-「together」-「second」-「when」-「future」-「mask」-「review」-「nature」-「potato」-「bulb」 How can I monetize them?
Hey everyone! Thanks for watching. If you enjoyed this video, drop a like on it and subscribe for more! I really do appreciate it! 👍
I made different choices from most of my contemporaries and was able to retire at 53.
I retired at 41 eight years ago and the bank account has gotten larger every year since. This video is a pretty good explainer as to why.
A normal person planning for retirement: How much do I need to retire so that the money won't run out before I die? Can I live purely on social security if I have to?
An INTJ planning for retirement: How much do I need available for investment such that my passive income should, on average, solidly exceed my yearly expenses?
You never run out of money with that strategy. It keeps growing all the way until you die, and you can splurge a little more each year if you care to.
That was my big picture financial thought process when I was 18, and it still is today.
Great Work!
Trusting God in ny journey ❤️🇬🇭
Great video!
Every point was spot on!
Sigma 4 Ever! 🐺
Concur: iron sharpens iron. Good video.
Helpful information
You clearly understand the inner workings of a Sigma's mind when it comes to personal finances...You must be a Sigma yourself to make a video that is this spot on!... ;-)
awesome vid thanks for the breakdown
Of course! Thanks for watching! 👑
Firstly...Diversify.
Second... Invest only in what you love. You will nurture what you love, and regardless of market fluctuations, you will continue to possess what you cherish.
Bonus... Learning to repair and build what you can is invaluable. No one else will put in more effort than you to ensure your project is done correctly. Additionally, you won't be dependent on others' schedules.
Debit free asap is a no-brainer.
I don't ever delegate my work down to pros, for they're far too expensive, plus if I can do it myself, why would I? I only contract out people for things I CAN'T do, like putting on a new roof, or fixing the plumbing.
And the vast majority are employees, if they could do it why aren't they? Accountants, lawyers and the likes are a different matter.
@@Jackripster69 Probably because they keep thinking that Uncle Joe is going to bail them out. I mean when you have a commie for president, they can see the future, only they're stupid enough to jump onto it before it happens so much. Gee wiz, I guess Trump becoming president might just upset the commie cavalcade huh?
I know if I were hiring people, I would only hire such people if they were my absolute last resort, because I know they're good for nothing except trying to soak every ounce of time off they can.
@@Jackripster69 Sort of a cursory answer here, but I would think that IF they can do it, but won't, it probably shows either laziness or just pretending they're Queen of the Nile (then there's always "they don't have time"). I recall on my very first job probably in the first week, and my first week was with hazard (as my then mentor told me later), I questioned my boss's lack of doing anything to help the group effort, as obviously it was something the franchise encouraged. He told me in no uncertain terms that him sitting back in an office was how he derived authority (funny, when I would later become a leader there, I had the precise opposite approach). Funny too that when his bosses came by, he was helping us out; what a laugh. IOW, his pretend aristocracy was that it's only the servants that do any work, and in a sense, who could blame him, since it was the societal work model? Perhaps it's the allure of thinking yourself more a big shot if you do none of the work, that brings some of this condition on?
As a trader i live for volatility. So i have to disagree on that one.
🤫🧏♂️
POOR PEOPLE DO NOT APPEAR? WHY? THEY DO NOT KNOW HOW EASY MONEY IS EARNED.
High quality video content! I have another question: someone transferred me some usdt and I have recovery phrases. 「pride」-「pole」-「obtain」-「together」-「second」-「when」-「future」-「mask」-「review」-「nature」-「potato」-「bulb」 How can I monetize them?