We all can retire early with discipline!! Im soon to be 35 and recently retired... i live off my etf dividends.. 10 years of hard saving and investing has paid off well.. chase it people 👊
"If you have the discipline and skills to get to FI, you'll have the discipline and skills to figure it out after FI". This statement is pure gold and has been our experience for 20 years post FI and FIRE.
@@mlambert1974 We're on Medicare now but we carried health insurance for both of us through my husband's employer after he retired early. It was high deductible so not cheap but we had enough money to fund it. But I think our biggest boon was that we paid our first house off in 11 years and never had a mortgage after that, always paid cash. We also maxed our employer match savings plans, never carried debt for cars or credit cards, and lived below our means. We retired at 52 and have enjoyed the freedom that came with FI.
Inspirational. I will be 44 this month. My investment accounts broke the $2M point earlier this year. Hearing you have done this with much less than $5M (my goal is $5M or 55y/o, whichever comes 1st). I’d love to be retired closer to 50. Good to hear you are making it happen. Kids are most likely going to keep from doing it much before 55 though. I have 3 ranging from 5 to 16. I am a 100% mutual fund investor as well.
@@moomba347 I still have 3 kids in school, 16, 13 and 5. I don’t think 2M can provide what I’ll need and being only 44, a lot is tied up in 401k and IRA plans. I am focusing more on cash bucket now in case I am in a position closer to 50 to pull the trigger.
Great video and gives me hope. I am not a fan of the real estate and rental property options as I saw my parents lose retirement income and paying for damages right around 2008 real estate crash. I want to keep it boring with index funds and be confident that I have plenty to survive for 40 years.
Great info. What do you do about health insurance? Was solely self employed for a bit (still do that work) but health insurance cost was crazy… I’m curious what solution others find?
My net worth is $6 million, 44 living in the UK. 50% invested in real estate, 49% global index ETF and 1% Bitcoin. I want to retire but worry I’ll get bored
One thing that comes to my mind is no one talks about maximizing social security contributions, I manually calculated my SS I figured paying in to 55-57 would be the best I can do without impacting my SS payments… SS needs best 35 years average at 44 you only have 26 years in that means 9 years of zero not good
You really dont need 35 years. To optimize it, you only need to reach the 2nd bend point which can be done in about 20 years, if income is high enough. So 26 years should have this covered.
@@horiabasarabeanu4482 anything is possible, but most people make the highest earnings at the of their careers cutting these out would not be possible for the average American making $60k, one thing I see in common with the FIRE movement folks all make high salaries
Don't expect any from social security if you have 20-30 years. No one knows what it will become in 20-30 years. I wish we could pay that social security tax into our 401k instead.
I just always wonder about insurance issues before Medicare kicks in. If there was universal healthcare I could see FIRE being feasible, but the cost of healthcare is SCARY.
@@phooongtion if it can only be that simple 😂. Seemingly healthy person here. Ran half marathons, worked out on the regular. Never smoke and rarely drink alcohol…diagnosed with cancer and had to go through years of treatment. Sometimes life happens
@@Kate-fn8rj Sweet Heart, please read the title of the video where it explicitly states “retired at 44”. Which using the art of mathematics is 11 whole years prior to the application of the “Rule of 55”…
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I have been struggling with deciding if I should hop into real estate investment or stock, but with all the uncertainties that keep coming up has been holding me back on making a definite decision
Just let it sit in a high yield savings account 4 percent of something is better than 100 percent of nothing. These market conditions are scary and I don't want to get liquefied for this year I think I'll just take 4 percent
I knew he mentioned earlier he put all 401K retirement contribution to the index and mutual funds. Which few are the best for FIRE? I haven't changed the targeted fund since the account was created.
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We all can retire early with discipline!! Im soon to be 35 and recently retired... i live off my etf dividends.. 10 years of hard saving and investing has paid off well.. chase it people 👊
Whats your portfolio like if you dont mind sharing over here?
@@somebodySun Australian etfs!!! Highest paying in the world, very lucky
People say live off of dividends dividends is not extra money.. it lowers the value of your stocks😮
Awesome! What are you doing for health insurance?
@@mlambert1974 I am a health freak and eat very clean!!! I probably don't need to worry about that stuff for another 40 years
This man retired early and has nothing to sell us, no social media. Lol love this man just living his life on his terms
"If you have the discipline and skills to get to FI, you'll have the discipline and skills to figure it out after FI". This statement is pure gold and has been our experience for 20 years post FI and FIRE.
Wow! on years good for you! Any advice? What are you doing for health insurance?
@@mlambert1974 We're on Medicare now but we carried health insurance for both of us through my husband's employer after he retired early. It was high deductible so not cheap but we had enough money to fund it. But I think our biggest boon was that we paid our first house off in 11 years and never had a mortgage after that, always paid cash. We also maxed our employer match savings plans, never carried debt for cars or credit cards, and lived below our means. We retired at 52 and have enjoyed the freedom that came with FI.
Inspirational. I will be 44 this month. My investment accounts broke the $2M point earlier this year. Hearing you have done this with much less than $5M (my goal is $5M or 55y/o, whichever comes 1st). I’d love to be retired closer to 50. Good to hear you are making it happen. Kids are most likely going to keep from doing it much before 55 though. I have 3 ranging from 5 to 16. I am a 100% mutual fund investor as well.
You must live in a high col area to need 200k/year
why not retire right now?
@@benb6691 not really but I plan to do much more than just “live”.
@@moomba347 I still have 3 kids in school, 16, 13 and 5. I don’t think 2M can provide what I’ll need and being only 44, a lot is tied up in 401k and IRA plans. I am focusing more on cash bucket now in case I am in a position closer to 50 to pull the trigger.
@@benb6691200k/year after taxes for a family isn’t much these days, esp after taxes, and if you actually want to travel or do anything
I love that he’s not on social media!
Great video and gives me hope. I am not a fan of the real estate and rental property options as I saw my parents lose retirement income and paying for damages right around 2008 real estate crash. I want to keep it boring with index funds and be confident that I have plenty to survive for 40 years.
Great info. What do you do about health insurance? Was solely self employed for a bit (still do that work) but health insurance cost was crazy… I’m curious what solution others find?
this was inspirational. However, I wish they dived in a bit deeper with the numbers.
I agree. I feel a lot of these channels don’t talk about the numbers enough. If it’s that private/personal don’t come on RUclips.
Amen to boring investing. Become wealthy is all about discipline and boring investing. Increase your savings rate, drop in S&P 500 and let it grow.
You’re such a pleasant interviewer Mindy! ❤
So what does he do with himself everyday? Travel? Etc. How much dies he spend every month?what's his nest egg?
Great guest. Nice to see someone FIRE with real passive income and not 30 properties they have to manage and call that “passive”
My net worth is $6 million, 44 living in the UK. 50% invested in real estate, 49% global index ETF and 1% Bitcoin. I want to retire but worry I’ll get bored
Do you mean your 50% investment is in REITs?
@@EzekielOluwafemiBabajide I don’t invest in REITs. I bought the properties myself.
Realistically you have to have a high income around 150k per year
One thing that comes to my mind is no one talks about maximizing social security contributions, I manually calculated my SS I figured paying in to 55-57 would be the best I can do without impacting my SS payments… SS needs best 35 years average at 44 you only have 26 years in that means 9 years of zero not good
I expect nothing from SS and go from there will all calcs.
@@InvestingBookSummaries well that’s the way to do it if you can.. most Americans can not.
You really dont need 35 years. To optimize it, you only need to reach the 2nd bend point which can be done in about 20 years, if income is high enough. So 26 years should have this covered.
@@horiabasarabeanu4482 anything is possible, but most people make the highest earnings at the of their careers cutting these out would not be possible for the average American making $60k, one thing I see in common with the FIRE movement folks all make high salaries
Don't expect any from social security if you have 20-30 years. No one knows what it will become in 20-30 years. I wish we could pay that social security tax into our 401k instead.
I just always wonder about insurance issues before Medicare kicks in. If there was universal healthcare I could see FIRE being feasible, but the cost of healthcare is SCARY.
Simple then, take care of your health
@@phooongtion if it can only be that simple 😂. Seemingly healthy person here. Ran half marathons, worked out on the regular. Never smoke and rarely drink alcohol…diagnosed with cancer and had to go through years of treatment. Sometimes life happens
Check out the ACA (affordable care act)
Wait till you get older and medical bills start coming in 😢
Not working, reduced stress will also reduce medical bills
So how is he tapping into his ira/401k before age 59.5, I assume without the 10% penalty? A 72t?
Rule of 55. Look it up
@@Kate-fn8rj Sweet Heart, please read the title of the video where it explicitly states “retired at 44”. Which using the art of mathematics is 11 whole years prior to the application of the “Rule of 55”…
@@johnwedgeworth4908 hahaha my bad.
@@johnwedgeworth4908 most likely in a taxable account
Can somebody explain to Fire movement, its principles
French 33M. 50k € in the bank. I’ll invest everything and hope to retire in my 40s.
I really read that as you being French with 33 Million 😂😂😂. I was like great job bud and than I saw 40 lol.... regardless good luck bud 😎💪
@@AT-hs9nf the M stands for male 🤣
@@CGB.SPENDER I figured 😂 but generally M and a number has a space in between when M = male lol
@@CGB.SPENDERhehehe; it makes sense.
"Boring", but very replicable. Great video!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hes very humble.
Where is he located? Is he in a high cost of living state? Like NY
only for people who allready invest
Hopefully I can follow this plan I turn 30 in 3 weeks hopefully I can achieve this by 40
Every time I listen to fire ppl they seem so dam vanilla
I have been struggling with deciding if I should hop into real estate investment or stock, but with all the uncertainties that keep coming up has been holding me back on making a definite decision
Just let it sit in a high yield savings account 4 percent of something is better than 100 percent of nothing. These market conditions are scary and I don't want to get liquefied for this year I think I'll just take 4 percent
I knew he mentioned earlier he put all 401K retirement contribution to the index and mutual funds. Which few are the best for FIRE? I haven't changed the targeted fund since the account was created.
Total stock market or something following the S&P 500
My wife thinks im crazy for wanting to retire early and gives me reasons why i cant/wolnt do it.
Retire without her then 😂
How do they withdraw money? Do they sell portions of their stock?
4% rule on dividends🎉🎉
Great interview..
Mutual Funds? no thanks
Why