Reimagine Retirement | Jeremy Jacobson | TEDxFolsom
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- Опубликовано: 4 апр 2023
- Retirement is what enables people to pursue their passions independent of the need to earn a living, and best done with the health and energy of youth. This is how early retirement becomes possible. Jeremy retired over 10 years ago while still in his 30s. Since then he has helped thousands work towards a similar goal of early retirement, and hopes to make that hundreds of thousands more. More info at www.gocurrycracker.com This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially..
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
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 ‘’Aileen Gertrude Tippy’’ 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.
At 72, 7 years after mandatory retirement from Permanente medical group, staying on to do per diem work, last week, did 8 gall bladder removal; also pick up locum work,doing traveling surgeon in New Mexico, serving rural communities for the past 5 years plus. Life need to have purpose!!!
Life does need to have purpose. It's weird that people think that needs to come from paid employment
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 Husband and I both spent same number of years in the civil service, he 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.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
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.
thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
In a perfect world, when a person has the good fortune to not have life changing events arise early in life, a career that allows one the freedom to ride a bike to work, to stay on a plan to make those goals a reality is wonderful. I ride my bike an average of 3400 miles/year and love every mile! I've never had a career (building homes and other physical jobs) where riding a bike to work was not an option, especially in NW Wyoming and SW Montana. Not that it isn't achievable, but in the most productive years, late 20's early 30's when my father gets diagnosed with terminal cancer the same year their home burns, then over the next 20 years raising children and taking care of parents, nieces because a single parent, their father dies, takes one in a totally different direction. Life happens when you're planning to do everything else. At times sacrifice for the good of family takes priority over all and not for the sake of making money.
One thing most of these early retirement people don't discuss is their income. It's much easier to save 50% of a 250K income than a 50K income.
One solution to this (he kind of implied this) : Get a spouse and start saving one spouses income. It’s a lot cheaper to share! Good luck!
@@shak7185 Get a Spouse? That is not as easy as implied....
Had one of those... she only spent it.
@@tx5190 oh! Didn’t think of that!
Sure, but the only difference is number of years of saving.
Way to be, man! Been following your blog for years. Takes guts to get up there and do something like this. Thanks for sharing your inspiring story!
I loved the part about bicycling to work. Been doing that for most of my career. Made it a point to live close enough to my job to be able to bike to work, always within 10-15 miles.
When I was 30 years old I decided to save majorly of my money i had already paid off my two bdrm 1 bath condo, and truck and paid off my student loans. I made. I lived very frugal for 28 years. It can be done.
Great Message Jeremy! Thanks for spreading the message. The approach you've taken continues to improve lives and give people an optimism they wouldn't otherwise have. And this optimism fuels relationships, dreams, and passion projects that would otherwise be left unpursued. The Trinity Study you talk about is truly a game changer for anyone willing to look into it. Thanks again.
This should be the norm instead of the extreme outlier. Congratulations on figuring it out. Wish I had done that a long time ago
Jeremy and his blog played a large role in my motivation to become financially independent and now travel the world. I was specifically motivated by his writing on geographic arbitrage and tax minimization. Great to see him given a platform on Ted Talks. Thanks Jeremy.
Great job Jeremy! Your blog has had a profound impact on my life. Keep up the good work!
For me, having a career that most see as a hobby (flying) has be key. It’s something I can enjoy, teach and share while still making a very good living.
We stay debt free and eat very healthy; we reward ourselves for our efforts.
Love it! Have been following GCC for more than 2 years now ❤
My heart goes out to him. He was so nervous! Poor guy!
Made me nervous to listen to this.
He showed courage, well done him!
Aggressively saved,lived well below my means, bought strategically. Good thing too. Became disabled by a neuromuscular disease at 58. Had too much in IRA that penalized me for needing before 59, would endorse having "jello" money... not frozen, not liquid to avoid penalties. Finally saving again on SS so I feel secure, only eat once or twice a day at home, keep expenditures way low... after covid deaths it is easy to think about what you absolutely need to live and how much is expensive junk when you go to estate sales.
Started my own business, worked hard & retired at 62. Moved to SoCal for the weather and grandkids. Ahh, I had arrived. Except, I hated it😀. Born to work, I started a small business with my son & am happily living ever after. I have stayed retired from managing people however.
Deep breaths and RELAAAX.... I had a hard time understanding some of his words . I needed to stop and go back / replay to catch everything .
Maybe it was just me . Great bullet points though . Definitely sharing this with my kids....
My husband & I worked for 35 years but luckily we both have pensions. Years ago most employers offered pensions. Too bad pensions were replaced with saving in 401ks …
Thank you Jeremy ! Your blog has helped our families reach FIRE and now as we help other mamas reach Financial Independence for their families. ❤
Great talk! Definitely hits the high notes of the FIRE movement
I don’t bicycle to work, but I’ve been lucky enough to drive a company vehicle for the last 14 years. My personal vehicle is a 22 year old pickup that I bought in 2006 and barely drive 1,000 miles per year. The savings is massive.
Same here except my pickup is an 87 Chevy I inherited from dad.
Excellent advice, long time follower of your blog! Keep sharing your knowledge! Thank you!!
I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
@@richardhudson1243 I couldn't agree more, having an invt-coach is the best way to go about investing now, especially for near retirees, and folks like me that lack the expertise to deal with high volatility. My portfolio used to be up and down like a see-saw, until I employed the use of an advisor last two summers. As of today, I've realized nearly $800k after subsequent investments, cos I know enough to seek expert counsel before giving up.
@@darnellcapriccioso I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?
@@tatianastarcic I've shuffled through a few advisors but “Laurel Dell Sroufe” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..
@@darnellcapriccioso She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..This information is really helpful.
Awesome talk Jeremy! Thanks for the finspiration!!!
He has a good message, nothing new or fancy, that is realistic and attainable. The message would be transferred a little better if he worked on the tone of his voice when talking. He goes so low volume sometimes that I had to keep adjusting the volume up and down so that I could hear what he was saying, but still not get yelled at during his normal volume speaking.
The one critical thing that he left out is that you need a job that pays you more than your cost pf living. Some industries pay so little that even when renting a studio apartment, using a bike for transportation, never eating out, zero entertainment, etc., you still will only break even if you live in a high cost of living area and have a poverty wage. The very first step is actually to do that analysis and change careers if necessary.
One workaround when earning less than cost of living is to get married and file taxes jointly and save one of the spouses salary. It’s much cheaper to share a studio apt, utilities, and even food is cheaper. Easier said than done I know. I certainly didn’t do it :)
Yep. This is all possible. We have been saving/investing almost 35% of our income for many years. Most people just won't sacrifice a little to gain a lot later. We always saved even when living at the poverty level. Then as income went up, we saved more and increased our life style a little as we went. Have a paid for house, raised a daughter and sent her to college debt free. Travel the world while working and going into early retirement to do more long term travel. We take 4 to 5 vacations a year still while working. Our investments have been doubling every 7 to 8 years. That gets to be a crazy number. It's funny to see a 30 to 45K jump in any given week sometimes. Most years see gains. Only have a few years that go down over any decade. Get to it people !!
A lot of great information here! My wife and I were able to retire at ages 28. 2 years later we’re living it and our income continues to grow. It took us 6-7 years of hard work and wise investing. Far too many people things it’s impossible when in reality just about anyone in North America can do it. Just depends how bad you want it.
Great summary of the key principles of your blog Jeremy! I especially appreciated the simplicity of the three steps (save, invest and relax). Also, the save concept of focusing on the 80/20 vs maniacal budgeting is so true. Finally, I loved the concept of retirement is simply whatever you would do / pursue if you did not have to earn money to live. Nicely done and big congrats Jeremy!
Wow... wish I had this advice when I was younger!
His blog post on how to "not pay taxes" is life changing
Can you put the link?
Link, please!
Totally agree about making better food yourself than what you get in a restaurant. I don't understand people who brag about expensive restaurants.
This is what I needed to hear when I was 17
My wife and I did a similar thing and we are millionaires today. Im 34 years old. our household income averaged around 80k/year
Great TedTalk Jeremy! Loved the emphasis on tackling the big 3 and not letting lifestyle creep move in. I'm disappointed the audience didn't find your humor as funny, but I certainly appreciated the jokes! Looking forward to the next one!
This is great! Nice to see someone be able to NOT dive head long into consumerism!
Discovered all of this a little later in life but fully onboard with it now and saving like crazy. I do like cars though and not ready to give that part up. Great presentation 😀
Ha! Same! I often tell my wife that I wish I wasn't into cars. I'd be a lot better off financially. For me it's an enjoyable distraction.
Well done, that's thinking ahead.
I am 38 and plan to retire at age 50. I began investing $350/month on the Spy ETF last December. Also save $100 a week on the emergency fund and all my cash tips as a bellman.
Whats your current net worth? Unless your already have a good amount invested and/or plan to have very low expenses in retirement, the amount you're investing is not enough for your time horizon.
@@WookieSenshi over $300k saved up
Have a plan for what to do or pure boredom will make you work sooner rather then later
So nice, i love this!!!
Great talk and very true.
I would like to add that children are even more expensive than any possible car
and if you really want to retire young, never make them.
We have 2
I don't recall ever seeing a FIRE-related video from people with kids.
@@thegormlesstwit849 now you have
@@GoCurryCracker Indeed.
Staying single just toggles on the "easy mode" switch for the early retirement grind. Besides the reduced expenses, there are fewer surprises and less risk.
The key to a good and early retirement is to focus on saving on housing, food, and transportation while investing those extra savings on low cost index funds like VTI or even QQQM if you can stomach the volatility. The problem is that most people who ARE able to save on their 3 biggest expenses end up spending those savings on frivolous things like luxury vacations or expensive club memberships. You gotta stay the course to reap the full benefits of long-term investing.
Awesome 👏 ❤
Did you invest in IRA, 401k or Roth and pay the early withdrawal penalty? Or did you invest in a taxable brokerage account? What do you do when the market is stagnant like it has been for over a year? Some details would be appreciated.
Next thing you know this guy will be telling us we can pay $0 tax on income in retirement! 😉
Thanks for sharing, Jeremy!
I thumbs up'ed because that's exactly what he taught me. lol
🤣
That is what I plan on doing. Mega Back Door Roth IRA. Invest a years worth of expenses every year.
Zero earned income tax and low cost healthcare via the affordable care act.
I rode a bicycle until I was 30 years old. And again I rode to work and errands from 40-62. Always kept my commute insignificant. It took me until 51 to pay off student loans. Where are you “investing” to get this reliable return? It would be false to reccomend the stock market to the average joe. I’ve seen so many people lose 30%+ to the vagaries of the stock market and inflation. You make so many good points but the “reliable” investment is where I see people have their dream of “no job too”…. wrecked. We did the kitchen same as you also, it’s better nutrition but does hinge on a skilled partner (not everyone has one). Your presentation of how to invest is so simplified and many people have a version of this magic, in actuality (though it may have worked anecdotally) isn’t reproducible for everyone. I personally did fine investing in education, owning a bussiness, and investing not in the stock market. I’m glad you’re doing life as you dreamed; but your description of “franchising” your method will only apply to a small slice of the population. Not a bad thing, but not applicable to most of your audience either.
Many have this view of the stock market. Unfortunate, since it really is this simple. Book suggestion: The Simple Path to Wealth by J. L. Collins.
Great ideas for married people who have decent paying jobs. Too bad it doesn't work for singles who have trouble making ends meet.
I did not cycle to work but I drove an old clunker for years until I had a company car that came with the job. And I stayed at home rent free while saving for a deposit to buy a house.
With transportation and housing costs minimised, saving a big chunk of income is no longer an issue.
The strategy is similar.
How much did your old clunker car cost you in maintenance, gas and time?
If it is all you can afford then an old car is better than nothing. However you might be better off in the long run by buying something in good condition.
Well, it also helps to be an engineer. Engineers make a lot of cash. He wasn't living on minimum wage. He probably had a lot of cash to put towards savings. How about him talk about how people with lower incomes can 'retire early.'
I could do that talk. Median household income in the US is over $70k/year. If you earn less, it is important to grow income. You are worth more than that.
They need to learn to love their job and grow his retirement.
This guy needs to read the book "Breath "
Good advice😮
I love how it's always an enginer or other extra-ordinary, higher-than-averqge earner that touts living on half your income, qhile (albeit unintentionally) shaming the average earner who's wages never keep up with inflation, regardless of degree. This balnket FIRE advice just doesn't pan out for most
What is average wages to you?
What are your total expenses? Do you have a lot of unnecessary debt to keep up with the Joneses?
It is more difficult to save a lot if you make less. However, I was able to invest over 1k a month when I was making 40k.
I only say this because people who make far less than I do spend far more then I. And then they give excuses rather than accepting their poor financial choices.
How much you save is less important than your savings rate. And if you need to make more then find another Job to make more.
Can you drive? Many Truckers can make more than 100k a year. You are only limited by your imagination.
I like the premise, but waiting to do things (approx 15:30 in) has consequences too... renting + waiting to buy can cost you massively
Love this, I won't let my husband in the kitchen either! :) I love to cook and love to feed him!
I love how he listed all the rich people things he has/does and he says he lives a "middle-class" life.
Think of early retirement as taking a sabbatical after success at creating alternative living income streams. 😅
It's the tax part I have problems understanding. If you use tax sheltered accounts, like a 401K, you can't start making withdrawals until 59.5 years of age. For post tax investment, like a Roth IRA, there's a cap on annual contributions. So for the rest, you are nailed with payroll taxes, and again when you make a profit on index funds.
There are ways to access funds before 59.5 without penalty. Google "72t rules" and "Roth conversion ladder" to learn more.
Retirement account contributions do not escape payroll taxes, do you mean income taxes?
In a taxable account, you want to choose tax-efficient investments. Stock index funds are a good choice, particularly international stock funds (assuming that you wish to own them).
If your company allows for in plan roll overs you can do a back door Roth Conversion for up to 60k - Employer Match.
As long as you have 5 years worth of expenses saved in Roth Contributions or in a non-tax exempt account - you can do a 5 year Roth conversion ladder using a traditional Ira or 401k.
Heck, tax free is awesome but really for ultimate flexibility just invest in a regular brokerage account …
Well, for a Roth Ira you can withdrawal any of your contributions at least with no penalty.
This can work if you make enough to live well on 50% of your income. Obviously. Engineer-like income.
You also need a partner who also works and agrees of the life style, and not have children.
I probably would not spend more time with family if I’ve retired earlier. This is because they would still be at work.
If you do what you love, why would you want to quit?! -Why retire from that loved activity?! For instance, I'm retired from what for me was "the job from heaven." And since it was an absolutely heavenly job, I seriously miss it. So why did I quit in the first place? -Because, thinking naively, "the numbers were in place" for me to do so. Thus, I thought I was good to go! Otherwise I was clueless. My thinking was the numbers were in place, so that would take care of everything. We've got to evolve our thinking beyond numbers. We need to learn to think about our experiences qualitatively. When I began having part-time, after school jobs as a teen in the '60's, then full time in the '70's, my work experience was like the ball in a pinball machine (game), pinging from one work experience to another' In retrospect, I now understand how advantageous those diverse work experiences were, as they gave me a much improved awareness (as I pinged along through those years), of work experiences that I enjoyed, and what I didn't. So I was building a personal frame of reference, of job qualities or features that "clicked" for me, such as in a good (or loving) relationship, and those that didn't. So, my opinion, our society needs to focus on a frame of reference which consists of more evolved thinking than exclusively having the numbers in place.
Where was this guy 30 years ago??? I could have used this information in 1993. 🙂
in high school 🤣
Engineers do not make a "normal," median or average income... Otherwise, enjoyed.
Depends what you're costs are. It's all math. If it's was that simple. And staying married.
Does he have kids?
I wish I saw this 30 years ago lol, to late for this 53 year old !
Never too late. The strategy has no used by date.
Absolutely not too late. Wish I could get info on your current situation. I'd love to help. I'm working on being a financial coach but so far I haven't taken on any paid clients. I just want to help people.
Same here. Worked for 25 years . Nothing except depression
Reminds me of a saying by charlie munger: Most people do not want to have a million dollars. They want to spend a million dollars. If you want to get rich, you first need to want to have a million dollars.
I am retiring this year at 54. I have lived a full life with my family. I saved diligently, but I didn’t starve us of having a fun and full life. I do not understand the notion of retiring in your 30’s or 40’s and living like a pauper your whole life.
Did you listen to the talk? 🤔 They hardly live like paupers and in fact live better than most people.
That is an interesting lifestyle choice that some people make. But why is your comment relevant here?
What are your expenses in retirement?
What was your savings rate?
Do you have a pension?
You appear to be retiring early. You were either a high saver/investor as mentioned in the video, have a pension or need to rethink your financial plan.
@@thomasreedy4751 thank the heavens I found you to give me financial advice 🙄
Sell the dream how about being a little more precise how do you buy your stocks what brokerage do you use when you buy when do you sell what a beautiful story
Or....OR companies who make millions/billions in profits can be the ones who can afford a sacrifice to invest in their workers, so we can be happier and more productive while we're still in the workforce.
I'm sure you mean well but I'm guessing you're making well into the six figures if you managed to retire in less than 16 years while saving 50%. That's completely not feasible for the average worker and that would require most to "live like a college student" for 20+ years. I'm sorry, but no. Workers should not be the ones making huge sacrifices to be happy.
I agree, companies should pay more. But they don't, and we have to work with the system as it is (while also working for the change we want.)
Tell that to a single mom with no education working three Jobs. Save 90% of minimum wage. 😂
Buying a house early could also contribute an early retirement, home price will always go up overtime, the last thing you need is another greedy landlord.
We do something similar. We have 20 year old cars and a 2br apartment. for 5 years I saved 80% of what I made. I still save 50%. I'm 48. when Im 65 I should have $15m. we dont really sacrifice, we eat out, belong to a country club, travel etc. we just dont have house or car payment. in our mid 40s, we already work part time.
May we know how much is your total household income?
Classic case of what's good in the micro is bad in the macro. Imagine a world in which everyone retired by 40. Who's going to make or do all the stuff you saved for. What good is a person who isn't productive?
That’s right comrade
Another Great Depression that lasts for 10-12 years, look for the same bank failures and 85% or more losses in the market.
These rosey scenarios he spoke about are dependent on constantly receiving 8% rise each and every year.
When everyone thinks like this the economy would go in to a prolonged recession 😂 and stock market will decline
Great for the individual, but this is not a movement society should promote. We already have too few workers.
Good point, but on the other hand early retirees have more autonomy to take care of themselves and be self-sufficient compared to those still in the workforce, so less workers would be needed to keep the society sustainable. I'm confident that we would be just fine even if everyone started to pursue FIRE.
I don’t think you have a full understanding about what contributions people in this “movement” have made.
They own a portion of multiple businesses via the stock market. They likely have at least 500k to 1 million invested providing them a 20k to 40 k salary.
Without them, we wouldn’t have businesses to provide jobs to everyone else who chose to buy other things. We wouldn’t have products like the iPhone, Teslas or robotic vacuums.
Many may reach a point where they make less at their regular job and at that point they might as well volunteer their time.
@@thomasreedy4751 I recognize the value in providing capital for investment. I also recognize that companies have for years struggled to find employees because so many have left the job market. Until robots take over more of the economy we need a lot more people.
It's not that we have too few workers, it's they aren't willing to work at places who don't respect them. They get the minimum treatment so the executives can make as much money as possible.
If you want more worker, pay them more and treat them better. It's really simple.
Hey…sounds great, but this is overly simplistic. “Save, invest, relax” are important, but the kind of lifestyle minimalism he advocates and saving rate he suggests requires sacrifices that for most are unrealistic and probably not worth it. He also never discussed inflation, rising tax rates, healthcare management, and other retirement savings destroyers. Easy for this presenter to stand on stage and promote these concepts as easy for him, but to pull this off over a lifetime will not be easy for most, and is not without risk. Proceed with caution…
Network Marketing worked (works) for us.
Imagine saving every penny just to end up living like a pauper. No thanks m8.
Tell me you didn't watch the video without telling me you didn't watch the video
@@GoCurryCracker I watched the entire video, bud. Tell me you are okay living like a pauper, without telling me you are ok living like a pauper.
@@GoldAMG what additions to the life described in the video would be necessary for it to be non-pauperesque?
@@GoCurryCracker According to the IRS the poverty line is $35,801 and the average household income in America is $70,784. Living on half your income to retire early as Jeremy suggests would by definition make you impoverished during all of your youth. Then, if you wanted to retire early you’d have to minimize your withdrawals depending on how early you retire. If the average person followed his advice their whole lives they would be poor until death. I would much rather up-skill and earn more rather than skipping enjoyable outings and vacations. I agree, saving and living within your means is important, but he should also encourage people to gain valuable skills that will allow for them to have the life they want. Never going out to eat and pinching every penny is not the only, or best way IMO.
@@GoldAMG mate. That is the poverty level for a family of 6
cool but you got an enganeering degree how tf im supposed to do this making 1/4 of what you make lol
The simplicity is remarkable. So… in order to retire early, the key is to cut costs and increase savings…. Wow… who would have guessed that!
I can only imagine riding my bike to the grocery store so that I could buy my supplies to make my kitchen a “ gourmet “ restaurant . You never said what you did in your 16 years of working life. Did your wife have a bike as well? How long did you put off having children to build this wealth? You say you lived like “ college” students… ok… most college students today take out loans so that they can have those own apartments, get take out, hang at bars, get their hair and nails done, etc. Which college kids are you referencing?
I appreciate the message but how much did you make giving this TED talk? It reminds me of Brian on Family Guys book… “ Wish it, Want it, Do it”. It’s a good simple message but nothing new to see here. Take care.
The curmudgeonly comments are always my favorite lol.
Biking to the grocery store is great, there is a bike rack right there next to the door. Best parking spot in town. A bike is also great for Target "drive-up."
@@GoCurryCrackerLol… yes, my comment was meant to be taken as a parking issue. I guess if your going for a loaf of bread and some cheese it’s great. I do that all the time, walking not biking. The TED talk mentioned how they turned their kitchen into their own personal gourmet restaurant. My comment was more towards wondering how you were going to bring those 5-6 sacks of groceries home on the bike. But, I guess that makes me a curmudgeon. Okie dokie! Lol!
@@gregburton5063 You ever see people going for bike rides with their kids or dogs in a trailer? Amazing how much stuff you can move around with a bike
@@GoCurryCracker ahhh, yes. The child or dog bike trailer. It’s great in the rain too! Lol! Look, you guys have done great for yourselves, all I was inferring is the message is simple. If there are people who need to be told “ send less and save more.. that’s the secret to “saving more and spending less” then your message makes all kinds of sense. God bless America !!
@@gregburton5063 Yes! Simple. Repeatable.
But, for your own sake, please find a way to fill that hole in your heart that drives you to tear others down rather than build them up. Good luck.
Good info of course. Complete knock-off of Sam Dogen (Financial Samurai) approach.
lol
So many logical and mathematical gaps. That this is a formula that would work for everyone is laughable.
The first thing this man needs to do if he wants to reach “hundreds of thousands, maybe millions of people” is to ‘invest’ in a course on public speaking - I’ve never listened to anyone so nervous!! He even burped half-way through. Guess who needs to focus on ‘Relax’ when he’s on stage? Good advice (which I’ve always followed) but God-awful delivery.
This is my new favorite comment of all time! Thank you
BURP
Let us see your Ted Talk.
I present a lot at work and sound a lot like him for the first 5 minutes. Public speaking is a nightmare. Show some compassion.
He should take a public speaking class, he’s bouncing, it’s like watching a tennis match.
I'm sorry to say this but I found your delivery boring, exhausting and stressful watching you out of breath. Thanks for nothing as it all sounded like an ideal scenario not taking into consideration the circumstances that happen in life.
I'm surprised you didn't use a home...well researched and purchased with a low interest loan to fuel your retirement.