Early Retirement at 36 by Doing What Every Entrepreneur Should
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- Опубликовано: 27 июл 2024
- Episode #504
If you want to reach early retirement, especially in your thirties, you’ll need to take some big risks. Today’s guest turned down what would have been a dream salary to many people, choosing to work for himself while making close to a third as much as a job would have paid him. He put in the time and sweat, making just enough money to survive for over a decade, living as frugally as he could so he could roll everything back into his business. Then, overnight, he became a multimillionaire. And guess what? You can, too.
One day, at the age of thirty-four, Jeremy Schneider found himself $2,000,000 richer than he had been the day before. He had successfully sold a company he’d been building for a decade, making him, his family, and his employees wealthy in the process. Then, he did what every burnt-out founder does: travel the world, play volleyball and video games, and get some much-needed rest. But soon after, he decided to return to work, focusing on something much more important.
In this episode, Jeremy gives a masterclass on the right way to build your business, how to sell it for millions more than you were originally offered, and exactly what you should do with the money afterward to STAY financially free.
Show Notes at:
link.chtbl.com/Money
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Past Episodes Mentioned in Today’s Show:
Michael Kitces: www.biggerpockets.com/blog/bi...
A Purple Mom: www.biggerpockets.com/blog/bi...
Life Insurance (Joe Saul-Sehy): www.biggerpockets.com/blog/bi...
Whole Life Insurance (The White Coat Investor): www.biggerpockets.com/blog/mo...
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Lump Sum vs Dollar Cost Average Calculator:
www.personalfinanceclub.com/l...
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Grab the Book “Die with Zero”:
www.amazon.com/Die-Zero-Getti...
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Connect with Jeremy:
Instagram: @personalfinanceclub or / personalfinanceclub
LinkedIn: / jerschneid
Nectarine: hellonectarine.com/
Website: www.personalfinanceclub.com/
X/Twitter: @perfinclub or / perfinclub
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Connect with Scott and Mindy on BiggerPockets:
Scott: www.biggerpockets.com/users/s...
Mindy: www.biggerpockets.com/users/m...
00:00 Intro
01:16 Early Retirement at 36
03:47 Selling His Company for Millions
07:37 Saving Money Making $36K/Year
09:10 The $1,000,000 Tax Bill
11:47 Negotiating the Sale
17:07 Investing and Spending His Money
22:01 Spending $2M at ONCE
26:07 Quitting Work and Bumming Around
What a cool guy, loved to hear his story. He looks like Chris Martin from Coldplay .
My in law worked for Google as a software engineer for about 10 years and did the traditional route of saving, investing, net worth $5.5 million. So there’s this guys alternate universe.
My back of the napkin math said I'd be at about the same place in terms of net worth. But this path was way more fun!
I love this guy I’ve followed him for a while he’s super helpful
Thanks KittenMom2! :)
His Mom did REALLY well on the sale of the company!
SOLID INVESTMENT for sure.
Such a great interview! I loved how transparent Jeremy was. Thanks for sharing your story!
Great episode! Love following his IG.
Yeah, the graphics are great!
Really nice video! i was wondering if i could help you edit your videos and make them more engaging as well as create short content out of them.
Periera vs Hill is a great fight don’t get me wrong, but I’m sorry not 300 worthy. Also I’d hold back on calling a Periera a “superstar”. Is he gonna get you 1.5m ppv buys from his star power… that’s a no. Jon Jones and Conor McGregor are your superstars.
🤘