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 never imagined to happen. It’s so difficult for people who are retired and have no savings to fall back on.
Planning to retire on Tesla! Thanks for this video confirmation, Ken! I’m so blessed to have found your channel early enough! I’m impressed how much you love us, even on your vacation you manage to share your thoughts and knowledge to us! Have a great vacation! ❤️
As someone who's new to investing and don't have the same conviction as you do in Tesla. Hearing that owning 50 Tesla shares would be good enough for retirement really ticks!
@@ChickenGeniusSingapore but is it really accurate to say that stock growth is truly compounded? No one has given me a satisfactory answer to this question. Without selling, you cannot create gains from your gains…
Another wonderful video and so great to have a figure for how many shares. Life changing, thanks so much for all you do Ken. Enjoy relaxing, love from the UK x
With 300 shares of TSLA stock you can do what’s called the wheel strategy and earn weekly income. Example: TSLA current price is $989. If you have 300 shares you can sell 1-3 covered calls from the 995 strike to the $1,070 strike and earn $4,440 per contract in a week on the high end at the 995 strike to $1,018 in a week per contract if you choose the $1,070 strike. Also if it goes up to $1,070 from the current price and you’re forced to sell that’d be a gain in capital appreciation of $7,500. Then you can flip it and sell cash secured puts and get paid premium and buy back in at a cheaper price than what you sold for. You could earn from $1,245/week-$1,000/week just for wanting to buy 100 shares at a cheaper price than what you sold for. Again if you have the collateral for 300 shares you can multiply your income by 3. This is called the wheel strategy.
Usually I lurk around here without commenting anything but had to comment today to say thank you to CGS :) this sort of video is v interesting because it shows direct impact on our daily lives, expenses etc. Very much appreciated, looking forward to more of such content and enjoy your break!
Thank you for putting this video together, CG! Really appreciate all that you do for both the Tesla and investing community as whole. I'm sure I speak for many of us here when I say that your insights helps us sleep a little better at night, especially those that think about how to retire early. Thanks again!
Your video is so amazingly informative Ken and really gives all of us around the world a realistic target to aim for based on real world environments and calculations I can’t tell you how helpful this is. Thank you as always for all of your incredibly well produced videos and amazing content. Safe and happy travels 🙏🏽
Being just retired I am glad I have more than enough Tesla shares and if you are correct, I can help my children get into their own home which these days is almost impossible. Thank you for your insightful analysis! 💎🙌😎TESLA
True. Our kids are gonna need our help. These days becoming a home owner isn’t easy. My grandparents were able to buy what is essentially an entire neighborhood block. The homes were 10k each. Those homes are nowhere near 10k today. It’s only gonna get harder for future generations.
It's near impossible to own a home in Canada for the younger generation like myself. Times have changed sadly. Other sources of income is the only way.
Frank's Valuation model is super detailed. Also, happy to see that you're enjoying the travels. Hope to pick your brains over coffee when you're back in Singapore someday.
Thanks for the breakdown Ken! 💯👍 Can’t express enough of gratitude for pointing a noob like me in the right direction for the past 2 years or so! Very valuable perspective of lifestyle and number of shares required 😊👍
Thanks Ken, you have spurred me to retire young as well. I'm retiring at the end of 2021 at 32. Looking forward to catching up when you're back in SG. Cheers!
I find this video inspiring and thought provoking. In my day to to day living I’m to immerse in having fun and family life. Thanks for sharing your insights and vision for dynamic growth that can be in reach with proper investment strategies. I have been retired for 9 years and living the life of financial independence in Hawaii where the cost of living is stupidly outrageous! Sorry to hear you quitting TH-cam…thanks for your hard work and genuine honesty in your videos. Aloha Ken.
Great video, Ken! Much appreciated. One big catch is medical costs in retirement, but hopefully the buffer built into the modelling is enough to allow for them (despite varied costs in different countries). I’ve heard of people who FIRE but exited retirement due to unexpectedly high medical costs.
Hey Chicken. Thank you very much for this! I always put off calculating this stuff, because I'm almost afraid of the answer. Thanks for this analysis! I will sleep well tonight!
The video I was waiting for!! Thanks for doing up the sums for us. The target is clear and I am super motivated to be on FIRE! Thanks Ken for taking the time during your break to do all these for your chicken gang!! ❤️
Your video’s are one of my favorites on investing and I watch all of the others. Keep us posted on how retirement goes. I have about 4,000 shares along with many other assets, but have feared retirement. This puts things in a different perspective.
My cost basis is 250 but I’ve been adding shares still, watching a cost basis is hard at first, but if your horse is winning the race (and now has a rocket 🚀 thruster) you don’t bet on a different horse. I’ve been Buying them now for my Roth IRA which I finally converted. Crazy that retirement could be so close. Thanks for this vid, I was working out and listening and opened the calculator app and nerded out. So much fun. Rock on brother! 🤘
Wow! This is soooo helpful! Thank you! Although the capital gains tax has not been factored into the income. Good to see you looking healthy and relaxed. You so deserve it! Keep safe and continue to enjoy life.
Ken, I appreciate you explaining to the Chicken Gang Community what is possible. Your content shows me the Rainbow, now all I have to do is own Tesla shares to find the pot of gold. I've got to come up with a plan to buy more. Thumbs up as always 👍
Thanks again Ken, as someone who is 99% invested in Tesla courtesy of your conviction and confidence I appreciate this video. It’s really good to see you looking so chilled and relaxed.
Love this video! My wife is still a skeptic but hopefully she'll turn around in 2030 🙃. Super excited for this month as I'm able to invest more in TSLA than ever before.
Good to know I'm almost garantier to retire in 2030 :D did my calculation already, but mann it's so sweet of u to really try to help ppl out there to see the light, appreciate it Ken ;) if ur wondering why your voice is different between the recorded video of u outside and the recorded audio when Ur explaining your presentation look up on 44'100 hz vs 48'000 Hz sample rate. Happens when the project file is set to a specific rate and the recording is in a different rate :) hope that helps 🙏
@@ChickenGeniusSingapore you're welcome! No no u did good with the recording and reducing of wind noise! Just a heads up to remember to record and use the same sample rate when u export the video 😅 notice it happens in your old old old videos and thought it might help if u where wondering why your voice change 😅 happens to me as well once 😂 cheers Ken 👌
This is a very beautiful illustration Ken. I really loved this and I completely understand what you are trying to convey in your message. There's just one very little thing you may have missed to take into account for your calculations! The cost of living chart that you have (assuming every value is correct) is still way off as you didn't account for inflation rate throughout the whole period of time. The cost of living that are stated here are from 2021 ( I suppose), will be very different in 2030 and will constantly increase throughout the 30 years until 2060 (if that's what we are targeting to live until).
@@lh4620I think you missed one point. You will have a very low income tax as you have retired. Also I guess we are assuming that you've invested in a tax free savings account and pulling out capital gains from there and not a margin account.
Thanks again. Yes, I already have more than the minimum TSLA to retire in USA. Personally I think I’ll need significantly more to retire to the comfort level I desire. Perhaps it’s because I have a family and the desire to keep my nest egg growing throughout “retirement”?
Unsubscribing, you can't say a year ago that you can retire on tesla by 2030 and a year later short the stock. I understand the world changes but in my view you have lost credibility. In a year you will say again that you can retire on Tesla and in 2 years you will short it again, that's called daily trading and I'm not gabling my money
well said. he f*cked many of his true supporters over by not being direct and saying SELL. We were with him from the beginning and now we're bagholding while he calls us clowns and bagholders. So classy!
I built up 350 shares from December 2019 to present day. I need £764,000 to be financially indpendant as I assumed Tesla would hit $3000 a share. 2021 for me is building a crypto portfolio as a counter balance and passive income through staking. Ken -I love that view!
Thank you for this video. Hello from Paris. I'm not in your list (Europe is missing) but your message gives me more strength to be invest in Tesla the more I can in order to have the best retirement in the future wherever I will be.
This gives me so much hope. I currently own 98 shares and I cannot wait for a split. I got in late but this really gives me so much hope. Thank you Chicken Genius!
That's the plan. Thanks for the optimistic video. Bytheway...sorry about the weather. It's usually quite nice this time of year. Enjoy your stay over "here"!
Thanks CGS, was really thinking hard about surviving in Singapore with me potentially losing my job before this video. Among all of the videos up to date, this one hits me the hardest. Now back to accumulating more shares of T$LA
I just love this vibe of retiring early in our 30s and living on our own terms- a free, quiet, peaceful life without the craziness and nonstop grind of the corporate world. Your new travel themed videos show me this possibility for me. Looks so peaceful and free! Question: Don’t we get taxed (as income tax) from selling the stocks for our daily living expenses? Also, what if the global money system collapses before then (some people say), and we’re all using crypto?
I think the Chicken forgot the Capital Gains tax which most of us could end up paying. Also, to pay for the Covid issue CGT is an easy target for Government to increase!!! As the Chicken suggests, you may need to consider moving to a more tax friendly environment, especially if you hold crypto. Get planning, you have 8 years!
you need much more to retire that early. Because you will not only get 60 years old, cost of life increases alot over time, especially once you provide for a family :D Depending on you lifestyle I wouldnt retire that early without at least 2M in net value, for me personally it still wouldnt be enough at the age of 30 (I am already closer to 40 though) Also Chicken has a net worth between 3 and 5 million I think (not sure but he showed his assets before). So if you are dreaming having his life, you can not do that with 50 shares, just saying
massive love Ken ❤️ this is my FIRE plan too, except I'll likely be taking out the annual expenses as margin for the first 5-10 years of retirement as the stock likely will be appreciating at too faster rate to sell shares, this also allows me to claim this as debt/not income and thus no income during this period. After that I'll sell shares slowly to pay down margin and pay living expenses. Not financial advice, but my plan. I hope this video reaches 10M people, it's the most important video you have put out to date. All the best, enjoy Santorini, beautiful place. Grilled octopus at the harbour is amazing!
I really like these types of videos. It really gives a tangible figure to strive for. Thank you for this! You’re a real inspiration to my investment journey and I look forward to more content from you. Enjoy Europe!
My daughter is going off to college, told her we’re not selling Tesla - I’ll get a second job and you get a job. We’ll make it for sure I know it. Ken I’m loving your productivity while retired lol giving us all the good 👍🏻, smile lots!
Sophie, same thought here, I’ll work two jobs, daughter in college should get a loan (if needed), but holding TSLA as long as possible. Have 360 shares, started with 10 in 2016.
Awesome video from Ken as usual. It's very helpful...I started building my tesla stock portfolio after watching your videos last year. Amazing... always looking forward for your videos on mon, wed* & fri.... oh dear, I really miss travelling... the greek islands... was in Crete years ago...
Greetings from Germany. You can roughly double the monthly costs for Germany to be realistic. E.g. health insurance is a big factor, as well as rent for appartment or house. You make great videos, please keep going on. I love it.
Hi Ken, the same goes for Germany's neighbour country: The Netherlands ;-) I'm one of your Dutch subscribers and the housing market is in crazy run currently: last quarter saw a +21% YoY increase in median housing prices. I'd say €1,000 - 1,400 for housing depending on area (rental/mortgage+interest), €200-500 groceries (depending on your household), €150 for utilities (gas/electricity/water), €50 for Internet & TV subscription, €120 healthcare insurance and €20-50 other (mandatory) insurances. So to sum it up you'd roughly need €1,550 to €2,370 to cover your monthly bills excluding any luxury, dinners out, public transport and/or car(s), etc. Converting this to USD with the current conversion rate, this would sum up to $1,800 to $2,750. That's quite a gap of almost $1,000, but it all depends on your househould and living area ;-)
Not only a great presentation to making it simple, you were also mindful of your viewers from different parts of the world. It's heartwarming to know that. 🌍❤️ 👊🐔
Great Job Ken! After watching your video, we purchased Tesla shares based on your US/CAN/UK numbers. Just leave it there and check again in 2030, like baby fishes turning into a big tunas!
Hey chicken, I loved your videos on options. I would love to see more videos about options. I have been dabbling in selling puts and calls. I think I see the logic of your strategy. Selling a monthly put on a stock you like is very similar to dollar cost averaging. It's like your trying to buy the stock every month at the current price. Am I understanding the strategy correctly?
Thanks CG. Living in Canada, I must say one of the biggest worries is housing expense. A moderate house in or near any big city costs average $600k. I think your suggested model works well if the house is paid off. Rental expense is also north of $1500/month these days. Other important element is inflation, which is historically 2-3%, so the expense could go up over time.
If you are retired, why do you want to live in a big city? Wouldn't it be a better use of retirement capital to move to a smaller city and implement your retirement plans there?
@@JGoodwin That is true, but again depending on whom you are talking to, some may like the idea of moving to a different/smaller city, away from family/friends and some may not so much.
@@JGoodwin My parents thought of doing this and a few of their friends did it, until one of them had an accident, no ambulances available, they had to airlift him to the nearest hospital - insurance paid for it, but his insurance policy trebled the next year! Just something to think about, many older folk in rural communities die in their homes because they simply can't get TO the healthcare!
I live near Vancouver and I agree. I got lucky and was able to buy an apartment in 2015 thanks to my parents downsizing and splitting the difference between us 3 kids. My place has nearly doubled in value since then, I count my blessings that I was able to get in when I did.
Thank you! It really gave me a great relief to know I am set and can enjoy myself by relaxing and living in the moment rather than living in some fear of uncertainty. This I hope will be a pivot in my life. I have enough for myself and my kids it seems!
I'm at 44 shares and climbing. With minimal capital after selling my house, I bought SQ and TSLA thanks to you. Been converting SQ into TSLA in both my brokerage and Roth IRA. Thanks man 🙏
Hey Chicken, your on vacation but still giving us incredible content. I am happy to see a person like me that isn't a math person has the same numbers you showed here. This is another keeper for referral purposes. I want to live a comfortable life (which I have today) in my future. I want to travel and know how to do it on a budget while looking like a rock star so... Tesla is going to be the way to make sure this happens. Keep healthy and keep it coming. I will be "officially" retired by 2030 and still have lots of energy and life to go since I will be retired 10 years earlier than most. Love these numbers it will help.
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 never imagined to happen. It’s so difficult for people who are retired and have no savings to fall back on.
*ROCHELLE DUNGCA-SCHREIBER,* That's whom i work with
i can't drop her information here but You can just put her name on google and you will be directed to her website and drop her your message.
Good to see you’re having a great time in Greece Ken! Thanks for yet another great video!
Planning to retire on Tesla! Thanks for this video confirmation, Ken! I’m so blessed to have found your channel early enough!
I’m impressed how much you love us, even on your vacation you manage to share your thoughts and knowledge to us! Have a great vacation! ❤️
Ken, you are aworesome. Thank you for watching and reminding us all the time.
Great videoooooooo 🙏🙏🙏
As someone who's new to investing and don't have the same conviction as you do in Tesla. Hearing that owning 50 Tesla shares would be good enough for retirement really ticks!
😁
@@ChickenGeniusSingapore but is it really accurate to say that stock growth is truly compounded? No one has given me a satisfactory answer to this question. Without selling, you cannot create gains from your gains…
Awesome vid CG. You bring a great combination of common sense + optimism to personal finance.
Another wonderful video and so great to have a figure for how many shares. Life changing, thanks so much for all you do Ken. Enjoy relaxing, love from the UK x
Thank you for making this comprehensive short video. It is really good to have a clear goal to work towards. My path seems clearer!
CG, really happy you are on holiday enjoying your life! You inspire us to work hard and invest more!
❤️
Can't believe that with 300+ shares I could actually be able to retire! Thank you for giving me hope and a better perspective 🙏
With 300 shares of TSLA stock you can do what’s called the wheel strategy and earn weekly income. Example: TSLA current price is $989. If you have 300 shares you can sell 1-3 covered calls from the 995 strike to the $1,070 strike and earn $4,440 per contract in a week on the high end at the 995 strike to $1,018 in a week per contract if you choose the $1,070 strike. Also if it goes up to $1,070 from the current price and you’re forced to sell that’d be a gain in capital appreciation of $7,500. Then you can flip it and sell cash secured puts and get paid premium and buy back in at a cheaper price than what you sold for. You could earn from $1,245/week-$1,000/week just for wanting to buy 100 shares at a cheaper price than what you sold for. Again if you have the collateral for 300 shares you can multiply your income by 3. This is called the wheel strategy.
Usually I lurk around here without commenting anything but had to comment today to say thank you to CGS :) this sort of video is v interesting because it shows direct impact on our daily lives, expenses etc. Very much appreciated, looking forward to more of such content and enjoy your break!
Thank you for all your hard work as usual. I appreciate your time
My 2030 bear case is 4% above your bull case 😂
Go SMR!!! 👍👍
yes!
Legend!
He's Steven Mark Ryan and he loves you all.
Nice!!!!
Thank you for putting this video together, CG! Really appreciate all that you do for both the Tesla and investing community as whole. I'm sure I speak for many of us here when I say that your insights helps us sleep a little better at night, especially those that think about how to retire early. Thanks again!
It’s amazing how you simplified this topic. Thanks again!
Your video is so amazingly informative Ken and really gives all of us around the world a realistic target to aim for based on real world environments and calculations I can’t tell you how helpful this is. Thank you as always for all of your incredibly well produced videos and amazing content. Safe and happy travels 🙏🏽
Being just retired I am glad I have more than enough Tesla shares and if you are correct, I can help my children get into their own home which these days is almost impossible. Thank you for your insightful analysis! 💎🙌😎TESLA
True. Our kids are gonna need our help. These days becoming a home owner isn’t easy. My grandparents were able to buy what is essentially an entire neighborhood block. The homes were 10k each. Those homes are nowhere near 10k today. It’s only gonna get harder for future generations.
28 here, and I've written the idea completely off. Stocks for me
It's near impossible to own a home in Canada for the younger generation like myself. Times have changed sadly. Other sources of income is the only way.
Frank's Valuation model is super detailed. Also, happy to see that you're enjoying the travels.
Hope to pick your brains over coffee when you're back in Singapore someday.
just wanna say huge thank you for uploading videos even tho u should be enjoying ur holiday!!! always learning so much from you!!
Thank you for that! Really helps validate my personal thoughts when others don’t see it!
Thanks for the breakdown Ken! 💯👍 Can’t express enough of gratitude for pointing a noob like me in the right direction for the past 2 years or so!
Very valuable perspective of lifestyle and number of shares required 😊👍
😊
Thanks Ken, you have spurred me to retire young as well. I'm retiring at the end of 2021 at 32. Looking forward to catching up when you're back in SG. Cheers!
Did you end up retiring?
Thanks for continuing to put out these great videos.
Happy Friday! Enjoy your travels!!! Cheers. DCA'ing till I can "retire" and keep on working on what I enjoy doing.
I find this video inspiring and thought provoking. In my day to to day living I’m to immerse in having fun and family life. Thanks for sharing your insights and vision for dynamic growth that can be in reach with proper investment strategies. I have been retired for 9 years and living the life of financial independence in Hawaii where the cost of living is stupidly outrageous! Sorry to hear you quitting TH-cam…thanks for your hard work and genuine honesty in your videos. Aloha Ken.
Great video, Ken! Much appreciated. One big catch is medical costs in retirement, but hopefully the buffer built into the modelling is enough to allow for them (despite varied costs in different countries). I’ve heard of people who FIRE but exited retirement due to unexpectedly high medical costs.
was literally doing retirement calculations at the time the video was uploaded. Great Video, especially the comparisons with different countries!
Glad it was helpful!
Bro i can not describe enough how much i enjoy youre videos, and have much they help! THANK YOU! 👍
Hey Chicken. Thank you very much for this! I always put off calculating this stuff, because I'm almost afraid of the answer. Thanks for this analysis! I will sleep well tonight!
The video I was waiting for!! Thanks for doing up the sums for us. The target is clear and I am super motivated to be on FIRE! Thanks Ken for taking the time during your break to do all these for your chicken gang!! ❤️
👊🏻
I am so happy I found this channel. Many thanks for the great content Chicken.
This is an awesome video man, really appreciate the detailed breakdown.
Hope you're enjoying being out in the world my friend.
I was 'forced retired' at the age of 51. Thank God, I bought over 1k shares of Tesla within a year and a half. Perfect timing, made me a millionaire.
Was just having a conversation with my wife on how we should plan for retirement on TSLA. It's like you read my mind. Thanks CG!
Nice to have Ken do the calculations for us! Now all I need to do is decide where on the globe to retire! Bali sounds good 😁
Best video on this channel! Great work Ken 🥳
OMG thats an awesome calculation Ken, thank you for all the effort that you put in, your calculations are very realistic and beyond imagination
Excellent Chicken! This is one of the best advice I’ve ever had!
Your video’s are one of my favorites on investing and I watch all of the others. Keep us posted on how retirement goes. I have about 4,000 shares along with many other assets, but have feared retirement. This puts things in a different perspective.
Thanks for taking the time to break down the information. DCA into Tesla and it will work. Glad I found you channel!
Thank you for the calculations, appreciate your hard work
Your selflessness is GREATLY APPRECIATED. No words can express how grateful we are! You are just AWESOME👏👏👏
My cost basis is 250 but I’ve been adding shares still, watching a cost basis is hard at first, but if your horse is winning the race (and now has a rocket 🚀 thruster) you don’t bet on a different horse. I’ve been Buying them now for my Roth IRA which I finally converted. Crazy that retirement could be so close. Thanks for this vid, I was working out and listening and opened the calculator app and nerded out. So much fun. Rock on brother! 🤘
yea it's hard to add up. but number of shares matter more over the long term
@@ChickenGeniusSingapore 💯
Just a suggestion. Trade options in your Roth for tax free income in retirement. I replaced my paycheck and then some. Good luck, Aloha
@@okolepuka3376 hi, would that be Roth IRA or Roth 401k? Thanks!
@@ChickenGeniusSingapore what about Malaysia?
Wow! This is soooo helpful! Thank you! Although the capital gains tax has not been factored into the income.
Good to see you looking healthy and relaxed. You so deserve it! Keep safe and continue to enjoy life.
Thanks for the update. Really something to plan for.
Ken, I appreciate you explaining to the Chicken Gang Community what is possible. Your content shows me the Rainbow, now all I have to do is own Tesla shares to find the pot of gold. I've got to come up with a plan to buy more. Thumbs up as always 👍
Thanks again Ken, as someone who is 99% invested in Tesla courtesy of your conviction and confidence I appreciate this video. It’s really good to see you looking so chilled and relaxed.
Excellent!
Love this. Its good to have an actual number of shares needed. Thanks for doing the calculations!
Thanks for the video! It was actually exactly what I was planning on calculating myself soon!
Ken, thanks to you I will be able to realize my dream of becoming a philanthropist.
Already comfortably retired because of Tesla 👍
Tesla + 3-7% BTC is the formula 🤔
Perhaps a little in PLTR 🤑
Literally just did projections for the majority of his viewer base. Really going the extra mile. Nothing but respect for you my dude!
Love your longer length videos!! Enjoy your vacation :)
I’m surprised the bear case isn’t $4200. But I appreciate the $6900 price target you went with.
Love your videos! (To be honest 😉)
Oh ya! Should change it to $4269 🤣
and bull case should be generalize as over 9000
@@ChickenGeniusSingapore 😂
Love this video! My wife is still a skeptic but hopefully she'll turn around in 2030 🙃. Super excited for this month as I'm able to invest more in TSLA than ever before.
Thank you for breaking down the numbers in such details!
Thanks Ken! Appreciate your sharing n efforts so much n enjoy your videos always! 🙏❤️🙏
Thank you Chicken for this video! I looking forward to retiring in 10 years time! I'm really glad to have found your channel early this year! 🥰
😂
Good to know I'm almost garantier to retire in 2030 :D did my calculation already, but mann it's so sweet of u to really try to help ppl out there to see the light, appreciate it Ken ;) if ur wondering why your voice is different between the recorded video of u outside and the recorded audio when Ur explaining your presentation look up on 44'100 hz vs 48'000 Hz sample rate. Happens when the project file is set to a specific rate and the recording is in a different rate :) hope that helps 🙏
Thanks for the tip! It was getting too windy outside, i moved inside, so echo and etc… hard to control.
@@ChickenGeniusSingapore you're welcome! No no u did good with the recording and reducing of wind noise! Just a heads up to remember to record and use the same sample rate when u export the video 😅 notice it happens in your old old old videos and thought it might help if u where wondering why your voice change 😅 happens to me as well once 😂 cheers Ken 👌
10years with tesla stock then it shoud be 5years with btc to retire :p
Any idea what kind of numbers of Tesla shares our friendly genius has ?
@@thecryptobrawler9903 no way. Genuinely curious. My friend says to buy as much as I can, even at its high
Great video!! Hope you’re enjoying your holiday, well deserved!
Tyvm for the breakdown, much appreciated!
This is a very beautiful illustration Ken. I really loved this and I completely understand what you are trying to convey in your message. There's just one very little thing you may have missed to take into account for your calculations! The cost of living chart that you have (assuming every value is correct) is still way off as you didn't account for inflation rate throughout the whole period of time. The cost of living that are stated here are from 2021 ( I suppose), will be very different in 2030 and will constantly increase throughout the 30 years until 2060 (if that's what we are targeting to live until).
yes very good point. thus 8% growth per year. I could have bench mark to the index.
@@lh4620I think you missed one point. You will have a very low income tax as you have retired. Also I guess we are assuming that you've invested in a tax free savings account and pulling out capital gains from there and not a margin account.
Thanks again. Yes, I already have more than the minimum TSLA to retire in USA. Personally I think I’ll need significantly more to retire to the comfort level I desire. Perhaps it’s because I have a family and the desire to keep my nest egg growing throughout “retirement”?
Most excellent straight to the point love it. It gives me hope with my 50 shares and growing! 🙏
Thanks chicken Genius you rock!
Ken. You are informative and inspirational. Thank you for helping us invest with conviction. ❤️
Unsubscribing, you can't say a year ago that you can retire on tesla by 2030 and a year later short the stock. I understand the world changes but in my view you have lost credibility. In a year you will say again that you can retire on Tesla and in 2 years you will short it again, that's called daily trading and I'm not gabling my money
well said. he f*cked many of his true supporters over by not being direct and saying SELL. We were with him from the beginning and now we're bagholding while he calls us clowns and bagholders. So classy!
From "time in the market > timing the market" to "timing the market > time in the market"😂
I built up 350 shares from December 2019 to present day. I need £764,000 to be financially indpendant as I assumed Tesla would hit $3000 a share. 2021 for me is building a crypto portfolio as a counter balance and passive income through staking. Ken -I love that view!
awesomeeee
Mate I am doing the exact. Same,, My Crypto is about 20%up on my TSLA stock,, happy days.
Nice Mc Fattus! What is staking?
Mc Fattus. You baller! 👏
doing the same. Good strategy
Ken, Thank you for the fantastic content, especially this video!
Great vid Ken . Best so far .enjoy Greece 🇬🇷 Thanks 👍
Thank you for this video. Hello from Paris. I'm not in your list (Europe is missing) but your message gives me more strength to be invest in Tesla the more I can in order to have the best retirement in the future wherever I will be.
Wonderful!
At 23 I'm glad to say that I have 29 shares of tesla. I will always buy more 😀
Thank for for such informative video! Keep it coming!
I appreciate you man. Your videos really give me hope
This gives me so much hope. I currently own 98 shares and I cannot wait for a split. I got in late but this really gives me so much hope. Thank you Chicken Genius!
You mad bro?
@@tommykaira8775 Realistic!
I'm in the same boat, I have 94 shares in tesla. Looking to make it 100 if it drops a bit more.
Hey guys! I’m new at investing what brokerage would you recommend? What do you think of M1 as a newbie?
SPLIT LIAO HUAT AH!
Yes, my plan is to move to Thailand and live the good life in 10 years :)
I got 50 shares so far, and I'm buying new ones every chance I get :)
Hope we all could be on FIRE soon! Thank you so much for sharing :) Keep it up!
That's the plan. Thanks for the optimistic video.
Bytheway...sorry about the weather. It's usually quite nice this time of year. Enjoy your stay over "here"!
Thanks CGS, was really thinking hard about surviving in Singapore with me potentially losing my job before this video.
Among all of the videos up to date, this one hits me the hardest.
Now back to accumulating more shares of T$LA
I just love this vibe of retiring early in our 30s and living on our own terms- a free, quiet, peaceful life without the craziness and nonstop grind of the corporate world. Your new travel themed videos show me this possibility for me. Looks so peaceful and free! Question: Don’t we get taxed (as income tax) from selling the stocks for our daily living expenses? Also, what if the global money system collapses before then (some people say), and we’re all using crypto?
every country tax different. And within states, tax are different. Apply the most tax efficient way
He's Singaporean - SIngapore has no capital gains tax!
I think the Chicken forgot the Capital Gains tax which most of us could end up paying.
Also, to pay for the Covid issue CGT is an easy target for Government to increase!!!
As the Chicken suggests, you may need to consider moving to a more tax friendly environment, especially if you hold crypto.
Get planning, you have 8 years!
@@seanlow2033 Yes, here in the U.S. we will get hammered on the capital gains tax.
you need much more to retire that early. Because you will not only get 60 years old, cost of life increases alot over time, especially once you provide for a family :D
Depending on you lifestyle I wouldnt retire that early without at least 2M in net value, for me personally it still wouldnt be enough at the age of 30 (I am already closer to 40 though)
Also Chicken has a net worth between 3 and 5 million I think (not sure but he showed his assets before). So if you are dreaming having his life, you can not do that with 50 shares, just saying
massive love Ken ❤️ this is my FIRE plan too, except I'll likely be taking out the annual expenses as margin for the first 5-10 years of retirement as the stock likely will be appreciating at too faster rate to sell shares, this also allows me to claim this as debt/not income and thus no income during this period. After that I'll sell shares slowly to pay down margin and pay living expenses. Not financial advice, but my plan.
I hope this video reaches 10M people, it's the most important video you have put out to date. All the best, enjoy Santorini, beautiful place. Grilled octopus at the harbour is amazing!
You bring very meaningful knowledge to us. Thank you from the bottom of my heart
I really like these types of videos. It really gives a tangible figure to strive for. Thank you for this! You’re a real inspiration to my investment journey and I look forward to more content from you. Enjoy Europe!
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My daughter is going off to college, told her we’re not selling Tesla - I’ll get a second job and you get a job. We’ll make it for sure I know it.
Ken I’m loving your productivity while retired lol giving us all the good 👍🏻, smile lots!
nice! love your focus. I know you'll make it 😊
Sophie, same thought here, I’ll work two jobs, daughter in college should get a loan (if needed), but holding TSLA as long as possible. Have 360 shares, started with 10 in 2016.
Same..lol.. you can sell anything but don't sell your Tesla! Tell my kids the same thing
Awesome video from Ken as usual. It's very helpful...I started building my tesla stock portfolio after watching your videos last year. Amazing... always looking forward for your videos on mon, wed* & fri.... oh dear, I really miss travelling... the greek islands... was in Crete years ago...
Great work on the speaking changes you mentioned you would be doing. thanks for the videos
Hi CG, can you talk about how you manage your risk in regards to the estate tax in US? Thanks!
Greetings from Germany. You can roughly double the monthly costs for Germany to be realistic. E.g. health insurance is a big factor, as well as rent for appartment or house.
You make great videos, please keep going on. I love it.
Hi Ken, the same goes for Germany's neighbour country: The Netherlands ;-) I'm one of your Dutch subscribers and the housing market is in crazy run currently: last quarter saw a +21% YoY increase in median housing prices.
I'd say €1,000 - 1,400 for housing depending on area (rental/mortgage+interest), €200-500 groceries (depending on your household), €150 for utilities (gas/electricity/water), €50 for Internet & TV subscription, €120 healthcare insurance and €20-50 other (mandatory) insurances. So to sum it up you'd roughly need €1,550 to €2,370 to cover your monthly bills excluding any luxury, dinners out, public transport and/or car(s), etc. Converting this to USD with the current conversion rate, this would sum up to $1,800 to $2,750. That's quite a gap of almost $1,000, but it all depends on your househould and living area ;-)
Another great vid, Bruce Lee says knowing is not enough we must apply willing is not enough we must do.
AWESOME content!! More people should know this! So important!
Not only a great presentation to making it simple, you were also mindful of your viewers from different parts of the world. It's heartwarming to know that. 🌍❤️
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Great Job Ken! After watching your video, we purchased Tesla shares based on your US/CAN/UK numbers. Just leave it there and check again in 2030, like baby fishes turning into a big tunas!
Hey chicken, I loved your videos on options. I would love to see more videos about options. I have been dabbling in selling puts and calls. I think I see the logic of your strategy. Selling a monthly put on a stock you like is very similar to dollar cost averaging. It's like your trying to buy the stock every month at the current price. Am I understanding the strategy correctly?
🙏 🙏 🙏 Thank you for taking the time doing this detailed analysis
Thank you for your effort all these years! I'm still on the very early stage of building up those tesla stocks but i'll be there
Thanks CG. Living in Canada, I must say one of the biggest worries is housing expense. A moderate house in or near any big city costs average $600k. I think your suggested model works well if the house is paid off. Rental expense is also north of $1500/month these days. Other important element is inflation, which is historically 2-3%, so the expense could go up over time.
If you are retired, why do you want to live in a big city? Wouldn't it be a better use of retirement capital to move to a smaller city and implement your retirement plans there?
@@JGoodwin That is true, but again depending on whom you are talking to, some may like the idea of moving to a different/smaller city, away from family/friends and some may not so much.
canada housing is nuts! there's lifestyle inflation, so there's that too. If living in cities is your thing, work towards more invested capital 😊
@@JGoodwin My parents thought of doing this and a few of their friends did it, until one of them had an accident, no ambulances available, they had to airlift him to the nearest hospital - insurance paid for it, but his insurance policy trebled the next year! Just something to think about, many older folk in rural communities die in their homes because they simply can't get TO the healthcare!
I live near Vancouver and I agree. I got lucky and was able to buy an apartment in 2015 thanks to my parents downsizing and splitting the difference between us 3 kids.
My place has nearly doubled in value since then, I count my blessings that I was able to get in when I did.
Hi Ken, you had said that you will talk about LUCID once it's out. Can you now do this review please? Thanks Ken 🙏
Thank you! It really gave me a great relief to know I am set and can enjoy myself by relaxing and living in the moment rather than living in some fear of uncertainty. This I hope will be a pivot in my life. I have enough for myself and my kids it seems!
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Thanks for doing all the math for us Ken! Appreciate it
I'm at 44 shares and climbing. With minimal capital after selling my house, I bought SQ and TSLA thanks to you. Been converting SQ into TSLA in both my brokerage and Roth IRA.
Thanks man 🙏
I’ve got 214 shares in Tesla. 500 in rocketlab and 1000 in palantir. Just turned 30 last month
That’s awesome, you probably only going have to work another year or two 💰
Nice job! I'm in Tesla and Palantir as well with similar amounts.
This is the video that sum up lots of books about wealth. This should be thought at schools honestly. Excellent work 👍👍
Hey Chicken, your on vacation but still giving us incredible content. I am happy to see a person like me that isn't a math person has the same numbers you showed here. This is another keeper for referral purposes. I want to live a comfortable life (which I have today) in my future. I want to travel and know how to do it on a budget while looking like a rock star so... Tesla is going to be the way to make sure this happens.
Keep healthy and keep it coming. I will be "officially" retired by 2030 and still have lots of energy and life to go since I will be retired 10 years earlier than most. Love these numbers it will help.