How To Retire In Your 30s (MY PLAN!)
ฝัง
- เผยแพร่เมื่อ 20 ต.ค. 2020
- The 3-step process to run the numbers for early retirement. Your time = Your life. So why should 67 be the official retirement age? Why not 50, 40, or even 30? It's all possible, and I talk about my own early retirement plan in this video
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
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**THINGS MENTIONED IN THIS VIDEO! 👀**
💫Investment Calculator
www.calculator.net/investment...
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***FREE DOWNLOAD: The Ultimate Guide to Investment Accounts
Everything you need to know about IRAs, 401(k)s, HSAs, and taxable brokerage accounts. What they are, which ones you need, and where to open them!
www.rosehan.com/ultimateguide
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
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The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
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InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
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Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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Im an immigrant and and got financially stable late in life like my 40s… now 46 would need to know how to earn more for this to apply to me
Starting late, but better to start now than never! Imma shoot for 50 and call it a success!
@Investing With Rose Sounds shady...count me in!
@@aeid99 it is. No one legit posts their number in TH-cam comments report them
@Meet Kevin 🤡🤡🤡
I was able to retire at 38 and My wife at 32. Lucky we did not quit our jobs as COVID hit and our travel plans would have been ruined. Most people have the opportunity to retire early if they are born in a developed country. Work hard and don't waste money. You can have a lot more fun if you do not waste money. I have spent about 2 years travelling in the last 15 years to avoid burning out. Work can be repetitive and boring.
@@WISERandHAPPIER wow, I thought retiring at 30 was impressive, 3 is another level!
The goal IMO is not to do nothing from the age of 30 and onwards. The goal is to leave your 9-5 job. I don't mind working, but I don't want to work on someone else's schedule, and on someone else's terms. I don't want to be told where to work, when to work.
you are such bad boy! you must learn to obey!
@@stefaniaschweizer9748 bro what
I retired at 56 years old. Better late than never.
I like the idea of part-time retirement. You don’t get bored, get some supplementary income without much work pressure.
I love the FIRE movement too. A million should obviously work, but I'd still feel nervous, like it wouldn't be enough and I'd screw myself over in old age. I'm going hard now with no major goal in mind. I celebrate small milestones and hope to get to a place where I'd feel comfortable cutting back, but I know that wouldn't come for at least another decade, maybe two. When I do get there, it'll feel so sweet to look at all my hard work and all that I've accomplished.
As a new TH-camr and Investor I appreciate this amazing financial advice!
FIRE 🔥 Such a great acronym! The key is aggressive saving and also living a rich life now. After 5 years of hardcore saving, we're getting closer! Some nice reassurance for those who are worried about failing after reaching FI - your worst case scenario is everyone else's everyday scenario.
This is awesome, we can’t live in fear . Fear and faith can’t coexist . Best of luck
My girl Rose Back!!! Missed you. Love these videos.
I’ve learned so much watching your videos, thank you 🙏🏼
WHAT did you learn dude?
I love this video, Rose!!!! Thank you so much for making this information accesible. You're really helping me improve my relationship with money.
Great topic. I love it. Your game changer strategy. Very important.
Great video. Been reading nonstop about finance the past few months. Your videos have been amazing for making finance very digestible and informative. You don’t hold back on content. This video in particular helped me focus more with a measurable goal in mind. Looking forward to learning from your channel!
Totally agree with you, she's definitely a pro when it comes to these videos!
Loved this video! I’ve heard of geoarbitrage theory, but not an actual term. I am personally weary of it because a chunk of my income comes from real estate investing, and being so far from an income stream that needs an eye on it is nerve racking. Great stuff again!
You are doing an exceptional Job with explaining things and giving insight so people know where to start at least to research what they are trying to do. For some things we needed to have learned at a very young age, we don't. Either those around us don't know or just didn't bother to teach the season. So, thank you for the videos. It's nice to have validation for yourself when you think you are doing something correctly, but are not sure. Financial Freedom isn't easy yet easy why you have the right mindset and tools.
Finally something with actual, doable steps that is explained clearly!!! Thank youuu!!!!
I'll become a digital nomad or do working holidays in different countries after I "retire"! I totally agree with the geo arbitrage hack; I experience the same thing when I was traveling abroad! I'm 26 now and I also want to retire at 36! Let's do this :D
One thing I can tell you , never save on your food. I am not saying u need to eat in the restaurant. But buy quality food And cook yourself. But never buy cheap and not nutritional food. You gonna fu#k up your health. Your health is the most important thing in your life. Not your wife, not your car,not your house but Your Health😉
Great info! Starting a little late but your video was inspiring
Bless you laddie. I appreciate you sharing your goal. I made a promise to myself and currently aiming for 5 yrs. with a retirement saving of $1 million. Started in 2018 I have 3 more years left 🤞🏼 fingers crossed we both will hit our numbers.
Ive also been debt free by 30 and paid off all my student loans and investing a lot into index funds and stocks. I only follow a handful of finance youtubers! You have quality content that helps ppl of all finance levels. Keep up the great work!! Also I really like your dimple :)
Okay, you given me something to think about. One thing is accurate i WILL be using the fire movement to retire early. I am thinking 3-5mill, currently 26 yrs old! Side hustles coming soon
@Investing With Rose Yes I am!
Love your enthusiasm!!🙌🙌 never thought of I can retire early than 60s, and you literally opened my eyes!!! 🤩
ugh, i love you and your videos so much!!!! thank u for making them!
I really like all her videos. She speaks sense and truth about money. Go girl!
Totally agree Rose! I love the FIRE movement. I retired from my 9-5 at 36 🎉🎉
One of the best videos on YT. Very clearly explained. Good luck!
@Investing With Rose I have zero interest in cryptocurrencies. My reference? Warren Buffet. Yeah. I tend to trust that guy more than anyone.
I don't want to play Golf every day either! Good call.
I was interested in retiring early as well. Debt free except with my mortgage. Master’s degree in business and I have a Roth 401k and Roth IRA. Then, I witness people who retired early (around in their 50s so not ideal like the goal of retiring at 30), and they always say that they feel bored. Sure, they have the freedom to try something new, but more feels like they have to just to kill time.
Currently, I have a great job where I work from home for about six months each year, and I travel internationally at least twice each year with my wife, not including travels within states. I’ve always been a hustler and a go getter, so I realized that maybe retiring very early is not ideal for me, at least not in my 30s. Maybe in my early 50s. Whenever I have a day off where I do completely nothing, I feel unproductive and it bugs me. So I would imagine if that’s how it would be to retire early, then I am just fine with continue working while still enjoying my travels.
I don’t mean to bash on this video nor on other people’s dream, if you want to retire early in your 30s then hell yeah go for it! Watching people hustle and grind for their dreams motivates me! I’m all about watching people pursue their goals. To me, I think it’s just personal preference, and I decided to continue my current lifestyle. I’m a fan of Rose so this video showed up on my feed.
Wish y’all the best!!
you are a really naughty and lazy boy! your girl friend will leave you soon unless you change your bad character
I totally agree with you! I even seen more people retired early and becomes more depressed because there purpose in life in missing. I also love to travel twice a year and working from home is a great set up and gives you the flexibility. I never dream of retiring early why can’t you work and have fun at the same time. If you feel burn out then take a vacation and travel, I like to call it work hard and play hard! both win win situation for me and hubby.
The goal is to have enough money from investments to cover your living expenses and have the OPTION to retire early if you choose too. If you love what you do it's totaly fine to keep working AND have enough money to retire.
Thank you so much for sharing not only your knowledge but your hopes and dreams! When you've been listening to financial videos all day long, the personal part of finance is often lost. I'd love to teach a class at Electric Forest, I want to have a vacation home somewhere in Europe, and I'd love to have a successful mental health advocacy blog. Dream big!
Outstanding video!
Thank you for sharing.
Great video Rose! I’ve been exploring the idea of “slow-travel” retirement during lockdown. The basic idea is to country hop instead of being tied down to one location. So you can go to Thailand for a few weeks/months and when you either wanna move on or your tourist visa expires, then you move on to Brazil, or wherever you want to go. It requires less money since the idea is to go to places where your money goes much further. I’m on a 10 year plan. Good luck!
That's my plan too! I think it's called Geo Arbitrage! =)
@@InvestedLifestyle oh I like that it has a fancy-sounding name! 🤣😂
I think mine is 6.5 years on the short end, 10 years on the longer end. Great video! Thank you!
Thanks for sharing.
I think it's not really about retiring which makes me happy but being wealthy enough to be able to retire anytime matters as I still love what I do.
I did work out the numers a few months back and your video is a good reminder. $10,000/momth in today's value will be $16,288.95/month in 10 years time based on 5% increasing costs of living.
If I own a bunch of stocks paying me 5% per annum that amounts to $16,288*12/0.05= $3,909mil.
Will work on it and visualize my financial goal everyday. Will come back in 10 years time to check if I achieved it.
I'd never heard of partial retirement before, and its definitely a stage I want to include in my life now. Thank you, Rose!
Saving capital to quit my 9-5 to trade for income doing the wheel strategy.
Retirement planning at any age can be challenging untilI was convinced by my late husband 2 years ago to seek a financial expert which I did, just recently acquired a 3 bedroom apt in Toronto for $650,460
sorry for your lost, if you don't mind can you tell me the name of your financial advisor and how does he help you earn money
@@hilarybrian8106 I'm good ok, my financial expert's name is Robert Johnson, he's a life saver, I was at a point not losing my mind because of the depression of owing alot debt, but then I did as he ask and now I'm making $8000 on average a week.
He's a finance philanthropist trader because he helps people trade and earn more not to make money but to better lives.
@@wilsonanna4951 I think I'm grabbing this, can I get your financial expert on my whats✔️app??
@@schuylerphilips3226 yeah
*+1 (3 4 7)- 6 7 6 2 9 6 5.*
Excellent video Rose. I plan to do something as long as I can because I fear wasting away more rapidly if I don’t.
I've felt this way for as long as I can remember! I spent most of my 20s and 30s being a traveling athlete, while watching my 6 older siblings chase after that classic American "dream". I hated the thought of going into so much debt early on only to make barely enough to live. I'm now 37 and can say I've lived a lot of life! Only catch is that I have a small nest egg started, and I could've done WAY more with it. Now during pandemic I've gotten caught up in starting an exciting business and hoping everything turns around so I can make that dream happen. It's been 2 years in the making. If it doesn't pan out, I could loose A LOT of my money. But I'm really diving in on playing hardball with life to try to make this happen! These videos really keep me motivated. It makes me keep my eyes on the prize while still working my crappy side hustles! I just know it will be worth it. Thank you for all your amazing videos. I love listening to intelligent women kicking ass.
So true. It's about buying time back and enjoy life while we are still young and with energy.
You're Channel is life save. NATIVE New Yorker !!!!
@Investing With Rose yes !
As a New Yorker the fact that she is from New York and mentions it on this channel quite frequently (like when she picked up a personal finance book at Barnes & Noble in Union Square) makes me all the more interested in watching her. Thank you 🌹
Such an inspiration, Rose!
Another great video Rose. With more people working from home & relocating Geoarbitrage is becoming more common.
22 yrs/old with no student debt, graduating next year. This video gives me hope that I can bring on the FIRE, thank you!!!
How is it going I am in the same position as you ??
Aggressively saving money is my new favorite form of aggression
🤣
@@davidbernard6346 I feel like PayPal are going to disagree.
Naw you mean INVESTING IS NEW FORM OF AGGRESSION.
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Rose is a scam artist who is stealing people’s money through a fake website called www.FidelityOptiontrading.com BEWARE!!!!
That's an ambitious plan, Rose. I'm sure it will be worth the sacrifice to make it happen!
Hi Rose 🌹
Appreciate your dedication
I think now being considered rich is having a net worth of around 3 million. After 2020 in the next few years due to money printing, being rich could reach 5 million. So it's a never ending battle between how much you need to earn and future society demand. The chances are we'll need to keep growing out assets to stay above the water...
Been living out of my tiny home in SF. Working as a chef for the past 5 years saving and investing. This is the most extreme but. Ow I’m 35 and basically retired. I do day trade mon-fri for extra income. Rose can you do an option trading video? That would be great.
Great video Rose
Rose. Thank you. Seriously thank you. This video was a motivational therapy session to get me off my ass and out of my head.
Again Thank you
I feel like I am on Barista Fire now because I work 2 days a week only. Only debt is a mortgage. I have 15% going to 401k that I upped from 10% I had the last 10 years. Wished I knew sooner to put it at 15 or more %, but got to start somewhere.
Great video and newly subbed! I am a F.I.R.E girl over here and it has totally shifted my focus on life. I cannot believe I used to think waiting until I am 65+ to retire was really even a viable option 😂
I know! It always seemed a bit ridiculous, work work work in order to only have a few years leftover to enjoy? No thank you! Although, I'm focused more on finding something I enjoy doing because I think retiring early only appeals to me because I can't imagine working for someone else that long. That brings up the question, is it really retirement if you choose to work? I want to be financially free, to have the choice to work or NOT.
@@StephanieZander Totally! I consider it retirement because I’m redefining retirement to mean having full freedom and choice to do whatever I want to do. So if that means still working in some capacity, then why not 😊
@@FinanceDee Exactly. Having the choice is really what's important here.
YES!! You made a video on my request! Thanks!!
This was very inspirational! Thanks Rose! I really love the idea of part-time retiring. I think when I get to my goal, I wanna have my own small business that's pretty chill and hands-off so that I will have time to play with dogs and travel more! going to punch in some numbers now!~~
Being able to work because you WANT to, and not because you HAVE makes all the difference!
@Frances Thomas
well you didnt have to be mean about it. It is a good time to buy in on stock, so just buy in on stocks.
@Frances Thomas
As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financial consultant and within 2 years, I have owned 2homes in the United states and car dealership all with the an investment capital of $150,000 so it is best to invest with the help of a professional.
My magic number is also $1000,000. I really hope I can achieve it in my 30s through consistent investing. Thanks for the informative video, really enjoyed your content 😄 I am curious on how would you withdraw the 4% from your nest, do you prefer dividend income or capital gain?
Great video Rose as always! Just a word of caution! The 4% rule works well if you are in your late 60s. For people that want to retire in their 30s, you want to apply a 1-2% or lower withdrawal rate to make sure not to run out of money (especially since we are living longer now and have higher health care costs!)
This is life changing video. Thank you for your effort 💗
Most people just log on to TH-cam to get info on the stocks to pick, without basic understanding on portfolio selection and risk tolerance.
"There is nothing wrong with a 'know nothing' investor who realizes it. The problem is when you are a 'know nothing' investor but you think you know something" - Warren Buffett
I advice Investors especially beginners to get an expertise guide from a financial advisor and work on your investing tolerance and risks, with time you'd learn to navigate the market all by yourself.
It is uncertain when we'd all recover from the economic meltdown the pandemic dragged us into, so I'm tryna improvise by focusing on investing, an investor I saw on business insider spoke about making over $450,000 in 3 months and as a beginner I would really appreciate any tips or guidelines on how to become a successful trader
I resorted to investing after been laid off early this year, investing is way better than 9-5
and it can be quite complicated for a beginner, so its best you reach out to an investment adviser for assistance.
@@gregalbert1588 I will share my experience with you, I started investing about 3 years ago, but last year I began investing with the guidance of an investment adviser and within a year I have made about $720,000 in profit from an investment of $150,000 so you will make better profit when you have an expert supervising your investments decision.
@@alvarovelazquez989 That’s impressive ! amazing profits. please how can i reach out to this Investment advisor ?
@@daanbeekhof6008 I invest with Sandra Deborah Willis, came across her on a CNBC business news so i looked her up, You can connect with her directly on TeIegram @Sandra_Willis
Questions:
1. If you re-locate for retirement, doesn't the savings get eaten up by the flights to visit friends and family? And assuming age is setting in, medical care?
2. A lot of companies are jumping on the bandwagon of adjusting your income based on where you live if you ask to work remotely. My coworker had this happen to him, and he was a former Director level. So let's say in SF I earn 100k. If I move to Idaho, my salary will be adjusted to 60k. That only gives me about an extra 10k/year of disposable income. I now also have to have paid movers, make new friends, and build a new support network. For an extra $833/month that I may end up spending to eat healthy and tasty, traveling to visit my family and friends, or otherwise entertain myself. See www.salary.com/tools/cost-of-living-calculator/compare/menlo-park-ca/idaho-city-id. How do you negotiate or position yourself with(in) your company to keep your current rate?
3. Barista FIRE. What is the hiring rate of older employees at these part-time positions? There are laws against ageism, but my coworker noticed he received 0 offers until he started to dye his hair. What gives you confidence that these largely retail, service-based positions would hire a semi-retired person with no experience in service? How do you prevent the "overqualified" stamp-out?
4. If you have to choose between going back for another degree or owning your home / condo / townhouse and early retirement, how do you decide?
5. Does that 4% count medical expenses?
Love this channel!
Wel put together video! I’m enjoying the channel a lot
I'm 54 and I love this woman too! I am not shooting for early retirement because of my age, occupation and income. I went to grad school late and will start paying the loans back in January '21. As a federal employee I can get loan forgiveness after 120 consecutive payments. I need 10 years to do this. Then I need an additional year to get an even 20 yrs with my agency. I just had my 9 year anniversary in Aug. In the meantime I now budget monthly and save as much as possible. After I pay back my TSP loan in 2 years I can invest more.
I estimate 900,000 and this does not include social security and pension. I'm 18 % there.
Joined the Navy at 18 with 7k in the bank. I smoked a lot of pot in high school. Left the Navy after months with 32k in the bank. Invested 29k in the S&P in late 90. Started working at UPS, Exide Battery and did concrete on Saturdays. Invested 1k a month every month into it, Cashed out 250k from the S&P and invested with my Financial advisor Lucy Maria Koss. Cashed out and Semi retired at 31. Took a year off. Traveled. Came home and started working part time for the insurance, entertainment and pocket change. Work isn't work when you don't have to work. Becoming wealthy can be done in few years. It feels like 60hr work weeks. Feel the pain of discipline early or feel the pain of regret later. I wish everyone well!
very inspiring, Go girl!
Great work, i like your consistency and how courageous you were, that's really all you need to survive in this business. Congrats on your success!!
@@tonimhamilton2072 Thank you so much Mister
Love this!! ♥️
you need 1 million in your bank to retire.... now its 2 million..llearned that in university
Am 58 retiring next year but the thought of retirement gives me weakness. 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 never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
This video was nice! I've been thinking in early retirement by living back in South America after 18 years of investing. The nicest thing that I love from South America is that the food is more freshy and natural.
I told my parents that I'm going to retire in 10 years and they laughed at me. You've helped me reinvigorate my faith in doing this. Thanks.😊
I think I'd be bored out of my mind if I went into full retirement at 43-45 years old (my personal goal). I'd look into the part time option teaching/coaching sports or the barista option. Working with a financial advisor now and learning about how to leverage liquidity access lines and mega backdoor Roth conversions as other ways to invest/save up. Thanks for a fun video as always!
that's the beauty though. you don't have to say 'oh i'm retired now i'm just bored all day' it's more about the freedom to do what you want on your own terms.
Totally agree with you Rose. I knew at 18 I didnt want that typical career work 40 years life
I was anxiously awaiting you taking a drink of whatever was in that cup you were holding, but it never happened ;-). I watched one of your videos about 6 months ago about just getting into the market and not over thinking it. Thank you for that. I am up close to 30%. You're the woman.
Hmmmm 🤔. Maybe. Crypto scares me.
27 yrs here, excited to hear your ideas on this :D
My main goal is to pay off my house. That will be a game changer in my ability to save and invest available money that normally would be going to the mortgage.
Freedom
Very informational and said well. Thank you!
Some make it so complicated, but it's really not! Thanks for the vid!
You must have hit your goal already just with the income from this channel. I'm happy my view contributed to your early retirement 🙂.
I never understand why people in the finance space don't admit that TH-cam money is passive once they have done the work and it helps fund FIRE as well. She already has a regular job and likely is making ok money plus this channel (500K subs) should set her up to do well regardless as long as she keeps getting views. Your quote: (You must have hit your goal already just with the income from this channel. I'm happy my view contributed to your early retirement 🙂.)
I'll do all of this but not even retire. I don't think I'll ever want to fully retire. I need to do something ven if its PT - I get bored lol
Planning to do the barista FIRE. Doing part time or side gig im passionate about like teaching investing to youngters.
Im lucky that no student loan in my country.
Paid off our 2nd hand car loan this year. 4 years to go for our foreclosed house. No more consumers debt. Investing regularly 20% and more of our income.
Once we paid off our foreclosed house, planning to do mini retirement first travelling in our country and a lot of biking adventures.
Thanks Rose for the hacks and tips. Keep going!
I am in the same boat, except trying to retire mid 40s. Ive been investing since my 20s and now in my early 30s. Lucky for me, I have very high income but I save 70% of my paycheck and I throw 5,000 at whatever stocks have great fundamentals for the long run, for instance, NVDA and SQ. they might return 300% this time of frame in the next 10 years or maybe not, but likelihood is they might. that is how I paid off my mortgage, through stocks. Now I am starting over again, so whatever "mortgage money" I used to have, is going straight to the stock market now. Now I have a possible airBnB for a passive income and now aiming to re-invest again so I can combine all of them to retire in my late 40s.
But here is the catch, reason I might be able to is because I plan on living off an RV and traveling while using the mortgage as passive, plus w/e I have in my investments again. But here is something a lot of people dont tell you and even the millionaire next door book tells you, having a spouse with the same mindset makes it 30000x easier, which if it wasnt for my wife, I wouldnt be able to do this. but VERY doable and possible to retire in your 30s if you start early enough. My advice, forget the nice cars and big house. use all that extra money to send it to the stock market and expect all stocks will not do well. lucky for me almost all of my stocks did very well, maybe 1 or 2 gave me 1 or 2% return and some -
I’m 24 and I already can’t do this shit. I need out by 35
I’ve been killing my self since 15 with 2-3 jobs I’m 19 with 3 jobs I don’t want to go to college cause I feel like it would be a waste of money to me so I plan on using the money I’ve been making ans wait till I hit 21 and get my own truck and start trucking and using my money to build my home in Africa ounce I got 200k I’m leaving the us and never looking back
@@raspy1135 I get where ur coming from but in this day and age I highly recommend getting degree.
@@raspy1135 becoming a trucker is a good idea. I’ll be retiring at age 33 after working just 10 years in the industry. You make 80k+ a year also you live in the truck so no expenses. I also have no kids and wife, so i put all my money in savings growing at 10-15%. Its a sacrifice, but a well worth sacrifice
Contributing 5k a month to reach that goal seems unachievable by most American standards. Most don't even make past 2k a month.
Start investing in achieving high value skills that can pay you more, grow yourself to become someone who can earn 5K + a month.
- connect with your most successful friend or try to meet someone that is creating this type of money.
- stop making excuses, you know deep down you can do all this.
- what would the best version of you do ?
Those that succeed in life realise that they never made sacrifices, they made choices.
Real estate profoilo!!!
I use to work as a metro cop making 60k base pay. I bought a house and house hacked it (rent out the rooms and lived on the couch). Saved my money and bought 7 more within a 5 yr time span. Took my passive income and dump all it in stocks. Even now I live very small 1000 sqft house
@kamionkami1 how you make 400k at 18?
This is the first video that I commented on in years and very first time I have ever "smashed" the like button. You're headed in the exact direction that I've been pushing for since the start of this year. It's very encouraging to see people who are motivated for the exact same reasons. Thank you!
I am going to go for the 40,000 a year 1 million mark. I already work a part time gig on top of my regular job and I'm so close to being debt free. Once I am I'm planning on investing hardcore and starting up passive income. I want my part time gig to be the only job I need. It's a local arthouse movie theater and I absolutely love working there and meeting other people from the local film scene. When they closed for Covid it broke my heart but now that they're back up and running I want to be able to spend more time there and not feel so much financial pressure. I'm excited. Thank you Rose your videos have been a huge help to me.
I turned 30 this month. I'm tuned in!
I tapped out of my job 5 weeks ago, I'm 45. I didn't exactly plan it this way, it just happened
@@Christophernorbits I'm in Accounting, studying for my CPA. Once I earn this, I plan on looking elsewhere and starting a business as well. Looking at stats, switching roles/careers probably will lead to a bump in salary. Also, it's never too late to learn skills and go on new adventures
@@positive_vibes_2427 No, it's never too late, you have a great plan, best wishes!
@@Christophernorbits SAME!
@john doe SALUTE!
What I expected when looking into the FIRE movement :: people discussing ideas for side hustles and investment tips
What I got when looking into the FIRE movement :: A bunch of penny pinchers bragging about saving a couple of bucks by refilling their ketchup bottle with free packets they grabbed from some fast food place
ALL A SMOKE SCREEN. Snake oil stuff in the movement.
LOL
Make more or spend less.
LOL.....ketchup?....try free sugar packets from cafes etc.
Years ago I totaled up my yearly outgoings and income on an Excell spreadsheet mainly to see how my finances would pan out by each year's end........this gave me an exact indication of what it takes to be in the black and not in the red without knowing it.
If you don't track your outgoings you WILL go broke and never know when it's going to happen until your bank account is empty.
I was on a weekly wage as a skilled tradesman with a mortgage, Wife and 2 kids and balancing the money became an art form thanks to my computer and Win Excell.......I knew exactly when my monthly bills would happen so that made predicting how much I needed to have in the bank for that month easy with the spreadsheet indicator.....some months, like Winter, bills were bigger than Summer etc, so having the overall total divided by the months as they varied is absolutely critical if you want to keep track of your money.
Investments?.........that is where you spend your money that will give you an eventual return like a house when you one day retire rent free......how many retirees have I seen on a state pension or small self funded pension who are struggling to make it work when they are still paying rent.........the only one who gets fat is the landlord.
In reality, owning a house no matter how humble is almost like getting A$500 a week from your investment when you retire, otherwise you are giving A$500 a week to someone who is sitting somewhere in the sun living it up on his/her rents....forever.
If you want to retire at any age, buy your house early, no matter how old or shabby, maintain it while you live on it and sell it on and buy better etc.....that is the first bit of advice my father gave me.
I live rent free on a State pension as I invested in the State all the years of my working life by way of my tax dollars......I'm also 82.
Rose you rock keep up the vids! They have helped a lot of us move in the right direction in life. Grats on paying off your student loans!
Awesome video
Great knowledge
Coaching people with ‘advice & tips
You are a God send 🙏🌹
Does anyone remember the show called, "KNIGHT RIDER"? It had a car called, "KIT". The Car did whatever was asked of it.
Hi Rose, I'm 35, want to retire in 15 years at 50. What I'm having difficulty with is, if I max out my 401k and Roth IRA, I don't think I can get to where I need with these 2 vehicles. What other vehicles would be a good place to put my money?
Hi Sae, I know your question is pretty old so hopefully you already got your answer, but check out index funds and real estate.
I love your videos! So helpful!!!
Super vidéo merci beaucoup pour ce partage vraiment inspirant !!
Congrats on paying down your student loans. Just found your channel, and never knew I was also in the FIRE Movement all along.
Retired at 39...and now I'm 62. It's so fun! Bored? No way...I am as busy as I want to be...or as lazy as I want to be...anywhere in the world! It's awesome, it's real, and obtainable. Start early, take Rose's advise...she's awesome beyond!! Freedom was my passion, and I just kept my eyes on the prize....you can too!
Have you written about your story anywhere? I'd be interested to know how you did it and how you've managed your portfolio to STAY "retired"! Did you get a part-time job? What was your FI number? Did you stay in the US or use geoarbitrage?
Congrats on the success!
Can you give people a few tips on how you retired early? Everyone takes different approaches!
@@CalmerThanYouAre1 Maybe I should have been more clear. I didn't retire because of the stock market, I was able to do it by creating niche' markets...getting exclusive rights from manufactures...building a profitable business and then selling them off. Unfortunately you can't do it that way today...too much dog-eat-dog, and factories have zero loyalty. I came to Rose to learn about utilizing and leveraging my money in the stock market. Always had interest, never learned. If you're younger, heed her advise. She has extensive knowledge AND experience to boot. Her videos are one of the best resource libraries around...and for FREE! Take her Masterclass if it's still available...
@@dspychalski That is a weird response. Creating a business is the right idea and really the best idea if one wanted to achieve early retirement. Even though your exact businesses might not be viable in 2020, creating businesses in other areas is still doable. Odd you would recommend people against what made you successful and recommend someone to only invest. Most people in their 20s do not even bring in $6K per month after taxes.
@@Penelope416 If you have to work full time, squeezing out time is always the hardest, especially if you have kids. But...there are many ways to get ahead. Most important is budgeting and learning what you can live without if money is tight. If you can't save money, you need to find a way to do so. It does take money to make money...that will never change. Then invest in yourself in some way to that allows you to move forward. The good news is that it doesn't take a lot to start making an impact. Rose has that covered big time in her videos. Most important is find out what you are passionate about and give your life to it. Mine was 'absolute freedom from concern'. I think it's really important to find out what makes you tick...hope that helps.
I love your videos so much. Thanks for making them.
I am not only impressed with your videos, but love the little vignettes/stories that you tell in your emails! Great marketing and attacking on all fronts - I see you 😉🙏🏽🔥
36 here... Sometimes wondering if it's all too late... Why don't we get this type of education in school???
It's never to late. Kernel Sanders (KFC) Didnt reap the benefits until he was 60 I believe...theres a book I believe called late bloomers. It's basically saying everyone progresses at different times in their life. Never give up and keep pushing forward.....ONWARD!
Never too late! Get started!
@@GregDaDefender thank you. You have no idea how much I needed a message like that today. Feeling really low, but that cheered me up. Thank you 🙏🏼
@@rcolbert1971 thank you for the support. God bless...
@@VeraCasaca your very welcome my dear..watch F.B.A book promo here on TH-cam...k.j edwards..its my book, that u may need 2 read. It gives u the encouragement u may need.
My Top 3 Things to Do:
1. Learn Piano (same as you)
2. Learn to Sing
3. Learn (and practice) languages using them travelling, ie Portuguese, German, Italian
Best wishes for your Barista FIRE!
Crushed it. Best one yet Rose. 💚
Thanks for the comment. Appreciate you bring it up on what’s app for discussion
It's never too late but sometime it feel like we should have know this earlier. Luckily for the internet things developed so fast nowadays. Hopefully there is more people like Rose spreading the teaching. Even for some success and rich people will not go around teachings.