Why I Quit The FIRE Movement
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- เผยแพร่เมื่อ 13 พ.ค. 2024
- I was wrong about the fire movement.
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00:00 intro
00:30 Did Fire Work?
01:48 Quitting at 24
02:24 what comes next?
04:01 who are you outside of work
05:12 My New Plan
05:59 Why I love Creating
07:15 Mistake 1
08:26 Mistake 2
09:04 Mistake 3
10:02 Getting lucky
10:21 Mistake 4
11:12 Making Money With YT
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Yep! My husband uses that and loves it.
So now at mid sixty all I want is a home so I can feel like I can start over
The "RE" part is a misnomer because the goal of FIRE is *not* to retire early and stop working.
FINE = Financial Independence, Next Endeavor
I think this is the more realistic path for most people
Exactly the retire early thing should be...work less/do whatever I want
Nice term. Seems to me the FI part is the key. Then choose what to do or, equally important, not do.
We are redefining what life looks like for a free human.
This is perfect . Humans need something to do , it's just great when that something is more of a choice than a chain.
Perfect term to describe what I am also aspiring to in a couple of years. Have the freedom to work when I want which is impossible right now as in my current job, the max time I can take off is around 3 weeks once a year which isn't nearly enough to do justice for traveling to another country.
I think of it like BDSM, Retire Early doesn't actually mean Retire Early it could mean Recreational Employment. A lot of people who retire don't just stop working they just turn their hobbies into jobs.
You make some fantastic points here. I don’t want to retire early, I want to be comfortable enough to be able to “work” when it suits me, in a job I love. I don’t know what it is but it has to involve helping people. Semi-retirement sounds like a fantastic goal. Thanks for another great video.
For sure! The goal is to do something you love because you want to do it not because you have to do it
Pretty sure this is retirement for most people. Some people want to just chill on a beach, but most are looking for time to do their hobbies and a lot of people I know do freelance work. The money guys have been using the term FINE for financial independence, next endeavor.
This is exactly how I feel🙏
@@whywouldigivemyrealname5162
FINE - I like that acronym better
Exactly this. I achieved FIRE a year ago and see all of the points mentioned in the video. Retirement is overrated. Don’t retire from something, retire to something. The great thing that fire gave me was as you said, work when it suites me. I just recently got a part time job and my boss was a total A-hole. I walked strait out of that place with a smile. 😊. Bye bye! If I wasn’t financially independent, that would have never happened.
I've never understood the FIRE movement as "never working again", but rather as "never having to work again", especially with things that do not bring fulfillment, bs jobs, corporative positions, etc. I could never see myself not working, cause I love what I do. But choosing when and how much I want to work is definitely the goal!
That's all retirement actually is, it's having the ability to do something that you actually love.
This is how I see it. I work because I want too, not because I NEED too.
It's because most jobs suck. And even the ones that don't can change quickly.
Yeah this is a pretty common sentiment in the fire movement. I think this youtuber just couldn't think of anything to post
@@JRSpecht Or maybe he was trying to do the thick fire and left before it was split into sections.
I am 77 years old widow and have been retired since 2021. I worked because I enjoyed it and the part time scheduling worked perfectly. After retirement I too felt the need to continue to be productive. Slowly started an eBay side business - it has worked so well for me. I feel productive, I'm helping keep "stuff" out of the land fill and also earning a little bit of extra money for fun things.
I retired and now work part-time and love it. I like the structure ❤ Enjoy Today!
That is so inspiring. More power to you!
Very inspiring
america will Trap you with "work that you enjoy" no other country has citizens that braggs about WORKING
Congrats!
The book "your money or your life" is a really good one to read while working towards FIRE. It gets you thinking about all this stuff ahead of time
That's a great book!
Your Money or Your Life - is actually a FIRE movement book
@@nogapps5774 it is, and it brings up a lot of the things that Gabe talked about in the video. Important things to think about if you're working towards FIRE
💯 percent. Great book 3:50
Spot on. I did the Fire deal and although I quit a lot later (50) I had to find out the hard way that despite tons of sports, travel, family activities.. I got bored and missed being a doctor. So I went back to it (very part time) and loving it. zero regrets, I probably had to learn that lesson but work has intrinsic value beyond making money. Being creative, being of service to others, these are natural human needs. FIRE is still the best, but focusing on the transition and planning for some sort of work after is a good strategy. Having “F-you” money (aka, financial independence) is still fantastic, you get to choose how/when/how much you want to work. I really like the idea of not letting the scarcity mindset be in charge too. Thanks
Just discovered your channel (about a week ago). You’ve changed my life man! Thank you! 🙏 My kids are benefiting from me finally getting my life together, plus I’ve even shown your financial advice to my kids. Brilliant, slick channel. Cheers from Australia 👋🏼
That's awesome to hear so glad that my content could help you! ☕👍
Thank you for this video! I felt behind for not getting into the FIRE movement in my early 20s. I’m 28 now and recently, I was able to quit my full-time job and focus on my graphic design side gig business. I only have 5 monthly contract paying clients and I now work only 2-4 hours a day! I LOVE working from home and having so much FREEDOM! My small business makes only $48K/yr and that income totally sustains our living expenses while my husband’s $55K/yr income goes towards fun/savings/investing/paying off debt. I’m happy and less stressed! Took me 6 years to get out of the hustling & grinding culture and working 12-18hr work days and no day offs. I can finally slow down.
Totally yes. It's wonderful to have the opportunity to choose and have the comfort of spending your time the way you want
That's so true! It's the freedom
TIME is the toal currency of your life. the quote that sticks with me all the time:
“Do not confuse "duty" with what other people expect of you; they are utterly different. Duty is a debt you owe to yourself to fulfill obligations you have assumed voluntarily. Paying that debt can entail anything from years of patient work to instant willingness to die. Difficult it may be, but the reward is self-respect.
But there is no reward at all for doing what other people expect of you, and to do so is not merely difficult, but impossible. *It is easier to deal with a footpad than it is with the leech who wants "just a few minutes of your time, please-this won't take long." Time is your total capital, and the minutes of your life are painfully few. If you allow yourself to fall into the vice of agreeing to such requests, they quickly snowball to the point where these parasites will use up 100 percent of your time-and squawk for more!*
So learn to say No-and to be rude about it when necessary. *Otherwise you will not have time to carry out your duty, or to do your own work, and certainly no time for love and happiness. The termites will nibble away your life and leave none of it for you.*
(This rule does not mean that you must not do a favor for a friend, or even a stranger. But let the choice be yours. Don't do it because it is "expected" of you.)”
― Robert A. Heinlein, Time Enough for Love
I have a handful of youtubers I watch/follow, and you're one of the top. I look forward to your videos and the informative, valuable content you provide in a relatable and understandable way. I have learned so much from you--both here and your newsletters (that I actually save and refer to). Thanks for all you do, Gabe!
True freedom seems to be having choices. The choice to work or not, or go back part-time, or volunteer. It stops being fun if you can't work at all, or can't afford to stop. Good video!
Really enjoyed this! You make a lot of great points.
Who you are outside of work is a BIG one, and your comment “most people never try to do that dream thing because they see it as so out of touch” hit hard. I just started TH-cam recently after wanting to for so damn long. Something that hit me recently was this quote, “Fear is a mile wide, and an inch deep.” That was a lot of it for me, thinking about everything that could go wrong vs. the opportunity of failing/learning along the way (enjoying the process). That scarcity mindset really holds you back.
That makes so much sense Gabe!!! Thanks for sharing your story. I love hearing what you’ve learned along this journey.
Glad I can share! Always happy to share my mistakes hoping someone else doesn't have to make them
Super recognisable. I just read a passage in a spirituality book reminding that money has NO instrinsic value, it is only a tool, perhaps an expression of energy flowing, but financial goals can never provide sense or fulfillment, except for the most extremely materialistic personality types. Growing up in an environment of scarcity prevented me from realising this until now… Live and learn!
Obviously money is a tool not very educated are we 😂😂😭🤡
But that spirit bs don’t exist lolol your easily manipulated fr 🤡🤡😂😭
Go read an economics book lol
Gabe, you make a lot of sense. I can't retire early but I will make enough to be comfortable. Thanks for the inspiration and how to figure out how to make a life of happiness!
Thanks for your amazing vids lately, loving the more personal, raw you. This one totally resonated. I dont think i believe in retirement, I will work until I die, but I want the work to be of my choosing on my time not dictated to me by others.
One of your best videos Gabe! Always appreciate your down to earth sincerity. It is refreshing to hear when someone admits they make mistakes…makes you all the more relatable.
I really resonated with this video, thanks! I stopped working when I had my second daughter to stay home with the kids while they were so young. Even though my days are full it's been a huge process of self discovery now that I don't have work outside of the home!
That's definitely a huge shift! But the self-discovery is really great
Very inspiring! Work hard, never give up, enjoy life!
I sincerely don’t understand how someone is bored in retirement. There’s SO many non profits that need volunteers, go be helpful to improve the community you live in.
Me too!!!
Well then you literally work again but for free 😂 Might as well keep a part time job that pays you in a field that is of interest to you.
Like sure you can volunteer but ai am sure people don't try so hard to be frugal to achieve FIRE only to then work for free lol
@@JustLIkerapunzel Being paid feels different, requires more of you usually, especially more hours and non-negotiable things. There are so many ways to volunteer in a fulfilling way if you don't need the money that you just can't do the same thing for a paid job. The things I most love doing are often unpaid labor and it's frustrating.
The first sentence I agree with. The second sentence would only apply to those who are bored, which contradicts the first sentence. I also do not understand how anyone could "love their job". There is no job on earth that I would love. I tolerate and don't hate my job, but I would rather not work if I had to choose. Who wouldn't choose not to work over work if you do not need to work for money?
Its really depressing that people still want to work because they dont know how to enjoy life
Thank you for sharing this! It was super helpful :D.
I’m with you 💯. We are on the FIRE journey. Frugality comes naturally for us. As my desk job has allowed us to max out our savings and retirement we’ve also built a side business of a market garden, farmstand and homestead. When the time is right, I am looking forward to sliding into that full time and using savings to fill in the gaps. The challenge for most is the frugality piece and just having a structure and plan for saving. For us FIRE has given us that and been a huge gift. Thanks for sharing your insight! God bless!
Hey Gabe! My morning when I have time. Usually involves a cup of coffee and watching one of your videos. You are motivation!
Thanks Gabe! This is exactly what I needed to hear. 👏
Your sacrifice will pay off since you saved and put things in place while you are young. Kudos to you and your wife! Now you can afford to find something you enjoy doing for money and have the flexibility to arrange work around your family.
It's true there's definitely something to be said for the sacrifice that went into this
Thank you for sharing your experience. Very insightful.
It’s funny, I have come to same conclusion naturally few years ago, already being a new parent while working the job that I hated. I never want to not work. I don’t think I could. Finding better employment and feeling more fulfilled, is a balance we all need and constantly looking for..
And watching my mom in her 70s, still working despite her health issues. She always says-movement is life. The moment you stop moving, you wither and die. Physically and mentally. I’m so happy to see that you have come to this as well. Been a subscriber for few years, I enjoy your channel and I appreciate the way you have grown and learned and continue to share your wisdom.
Love this perspective...I am 54 and have been following the FIRE movement with interest in how people stay so frugal. On the other hand, I also see my older friends retiring and then not really knowing what to do with themselves. I like my job, time with friends, weekends and feel like I'm in a good place mentally and emotionally. Sure there are days when I wish I didn't have to get out of bed to go to work but I'd say for the most part I feel balanced and happy.
I love it Gabe. I've had a similar experience. I was obsessed with finances and escaping the grind, until I got a new job that I actually enjoyed. Now I run my own business, and I love it!
That's great!
thank you for your input. I'm in a similar situation, currently 23, used to work 3 jobs, earning 3x the average but after seeing the misery and unfulfillment I upgraded my mindset to abundance and started spending too much. I saved up a few years' expenses and lost them in a matter of week in the markets. I have an apartment now, a car and no job since I left 2 days ago. I am looking to find a balance, a sense of purpose and just enough money to live on by doing something I love. Wish me good luck.
Man I wish I had your mindset at 24.
Brilliant as always 💚 Fire movement is new concept for me.. but future directions/ 4 hour work week.. would work. Purpose helps so much!
It really does!
Thank you Gabe for your video! My son is the person I am watchiing this for primarily as he needs some direction. I will pass this onto him! Blessings to you and your family!
I found this video very valuable, thank you for the Transparency 👍🏾
Glad it could help
Financial freedom is super easy. Just cut expenses down asap to property taxes utilities groceries and an unlimited bus pass yearly, 7k, by paying off a mortgage on a shared house with similar roommates. Then get like 150k with a 5% dividend yield. Apply for any poverty programs to make it even easier. This is like a 2 to 4 year plan. Doesn't take long. After that, spend the rest of life helping others to replicate your model.❤
Thank you for your content. I really appreciate listening to your channel. Your channel is helpful.
You're most welcome!
This was a great video Gabe! I can see myself doing many of these so I appreciate your honesty!
Your videos are so helpful every time.
So glad it could help!
Great video! I had thought I just hated working and it was something I needed to do less. I went to working PT and having other projects and realized oh.. i don't have working I hate my job and how it makes me feel. I got a job I love and my life has improved 10 fold. I think we all need a purpose.
I loved this video ❤
Thank you for your honesty ☺️☺️☺️
AMAZING video! I’ve come to some of these same conclusions
Fire means not needing to work for money. Doesn't mean not working at all
Thank you Gabe, for another great video 👍🏻
Glad you enjoyed it!
@@GabeBult as always 👍🏻😊
Completely agree! I'm still working on my scarcity mindset around money. I'm just now being comfortable with "gotta spend money to make money" a.k.a it'll come back either as money or a lesson.
Hi Gabe, I'm 67 and just getting started on TH-cam. I really liked your video and what you have learned.
Finally you come to your senses. Good for you. Its all about living the life you want. (I love my job, and my way of living.) It’s never about money.
So close to 500k!!
I discovered you when you did those colabs with Mike Roseheart! You have come so far congrats !!
You get wiser by the day…. Another great video… you’ve helped my mindset so much.
Glad to help
Gabe, your bit about friends is true - much needed. Wearing the many hats (husband, Dad, employee) it can be hard to find time and wherewithall for friends outside of work maybe. Being in stoic, cold New England doesn't help. What's worked for you in this space?
That's true being a New England are definitely does not help with being very outgoing lol honestly just getting involved with people at church has been great for me of made a lot of great friends that way
I’ll echo what Gabe said. Going to church each Sunday and being part of a small group has given me a dozen or more close male friends that I see often, hang out with often and text all the time.
It really boils down to being intentional. If you want more friends you need to seek out and find them. Millenials are very lonely because they spend more time on their phones and internet. Break that cycle as there are men out there that want to hang out and need solid friends like yourself.
This would make a great accompanying journaling handout.
Powerful...TY
Man i love this great video so true about not being fully retired but more enjoying work more and working a little less if you want to
Really loved this video. This was what my next “goal” was because the FIRE movement seems so out of reach. Plus I’d feel like I’d give up all enjoyment. Instead, I want to be able to create my own work and live off that (crafts, Etsy..) And work at like a cool simple coffee shop that makes *just* enough to have as spending money. But overall, I’m working less or working a job I want to actually do. Versus a job I HAVE to do. Which is where I am now.
My goal is freedom from obligation. I don’t want to stop working, I want to have the choice to stop working. I’ll probably work until the day I die, but hopefully one day whether what I do makes me any money will stop mattering.
Retire at 24? Where did I end up on YT? When I was 24, I was looking forward to my life, in any shape or form.
Trying to retire at 24? Give me a break! At that age you’re going to need $10m minimum. 24 is not what the FIRE movement had in mind. Classic Gen Z mentality.
Like virtually everyone in the FIRE movement who "retired", he didn't actually retire. He changed careers to become a TH-camr and landlord. This is one of the main issues I have with the entire movement; they're never honest about the fact that they just changed careers and didn't actually retire. That and they usually grossly underestimate how much they'll actually need for the rest of their lives, especially when they're retiring in their 20s/30s (e.g. you won't want to live like a broke college student in your 50s and the 4% rule wasn't designed for 50+ year retirements).
@@strenfoo7396 I like to think the ones who are actually retired are busy out enjoying their lives instead of making content for us. 🤣Most people are still looking for their first job at 24 and figuring out what they want to do in life. Changing careers and calling it "retirement" is certainly a stretch!
Exactly right, it's about knowing who you are, or more importantly in a way; being comfortable being who you are, recognizing areas that can be improved (over time), and acceptance of things you cannot really change, accepting not everyone is going to like you being your genuine-self. Immanuel Kant - "know thyself"
I had kids at 23 and was directly into the military. I took 5 years after my enlistment was over to get to the role I wanted to in my career. And now I’m looking at 3 years to get the education I need for the role that makes the most sense for me.
I’ve worked in public service. Healthcare and mental health care. And it took a long time to feel competent in my job.
I’m working toward true financial freedom and independence. But not retirement.
I also have the benefit of veterans benefits and a pension.
But I can’t see retiring and not giving back with my employment to the community I’ve been a part of so long.
Your version of FIRE resonates with me much more than the traditional version.
Think you nailed it with this one!
I love this
You nailed it Gabe. So well said and true. I’ve experienced all of this too. I think what the majority of people should be after is time freedom. Work is good, it’s healthy.
This is great information. My goal is to gradually shift out of my full time job over a few years to give myself the opportunity to start doing more things I’m passionate about and get used to not making as much and not have the shock of just jumping in to retirement with nothing feet.
Amazing channel, greetings from Argentina!!
This is a great video! I'm coming to similar realizations ~1 year into the retirement journey
It's much more enjoyable for me anyways
Great honest take. For me I simply have too many hobbies that will never make a lot of money; hence the idea of building passive income to never work again makes total sense. For most, they probably just need to find a better job. We added this video to our knowledge base because it's so spot on. Thanks.
You are one of the VERY FEW youtubers who actually make sense. Thanks, bro.
My husband and I are mid-50's. We downsized our home about 12 years ago and both dropped down to working part-time. How do we spend the rest of our time? Being creative - we are creative, eg writing books, my husband published one this week is in the process of writing another. I have several books on the go and I like painting and being "arty".
My focus has switched from career to looking after my health, my home, my finances, spending time with family and no. 1 - Enjoying life. There are so many free ways to enjoy life too. Looking after my home can be enjoyable.
I have hated most of my jobs, as there were some really nasty pieces of work in the businesses I worked in. They thought because they employed you they owned you and had the right to abuse their staff. Nope! I'm self employed now, much happier. What you will likely find is in your moments of relaxation, chatting with your wife/partner, you may come up with great business ideas that you may wish to pursue. You now have time to do it if you wish. For the pure fun of creating something, rather than being driven by money.
Hey Gabe! I love this video. It sounds a lot like “coast FIRE”.
Great video. Jobs do give us purpose and some social life. I've seen some retires that don't have either and it makes me appreciate my job even on my bad days. Life is a journey with endless goals and joys to explore.
Love this video. Lots of food for thought. I’m in a position where financially I could retire but I’m still working 3 days a week because I enjoy what I do and spend the rest of my time with my husband and kids
100% agree ❤
Thank you so much for sharing this! This made me think about what I think I heard Dave Ramsey say that we should do what we love when we achieve financial freedom. For me financial freedom will give me the time to actually study something that I love instead of study something that I feel like I have to do to make money. Money is nice I do like working to just get out the house from time to time but I don’t want to HAVE to work if that makes sense.
Yes, 100x yes. There are a lot of names for this approach to FI/RE, but I like how you made it relatable. We also love semi retirement and that is our goal as we pursue financial independence. Well, our goal is to live a life we enjoy while not sacrificing our future, so semi retirement works really well for that. We were fortunate to focus on the question "What would you do if you didn't have to earn money?" early on in our journey, that made us prioritize the journey as much as (more than?) the destination, but we also have moments and thoughts of scarcity.
Same story here. Retired at 35, after half a year of retirement and playing all video games possible, I started driving Uber and delivering food on my bike just to have some fun and it's even pays all of my bills.
Now I'm asking myself why I was so frugal.
Enjoyed this video! FIRE’d by accident earlier this year (wasn’t my goal but was fortunate with income). Now unlinking how I make extra money and how I get meaning. What I do for some extra change is something I enjoy but probably not something that would necessarily provide meaning. But now can spend my time with some things I find meaningful (some related to how I make money but more with helping others do similar) without worrying about it supporting me financially.
How about tend to some animals and vegetables. I’m 24 as well and I plan on retiring early through the FIRE method too.
I plan on having a chicken coop (time to build a pen, learn about feed, and egg production) and a vegetable garden. Grow as much of my food as possible. Enough work to keep me busy during the day and I get to save a lot of money and know exactly what quality of food I am consuming.
Also feels the human desire of taking care of something else ( your animals).
This is what my retired lifestyle looks like. Constantly bettering my plants, animals, and procedures. Keeping my hands and mind busy.
Perhaps rather than retirement, we might call it Voluntary Employment.
Yes!!!! 💯
Yeah, for me it has always been about getting enough to actually do what I want for a living, out of joy not necessity
For me fire is more about not being worried about family expense.
It means i have setup a system where my family would continue to be all set even if i dont exist.
Also being able to find things that really bring joy to my life.
Regarding work, my husband and I have been reading the most beautiful book.
It's called 'Every good endeavour'. It was written by Timothy Keller and it's about the beautiful aspects of work and how we were designed by God to til the ground and so it's within us to contribute in some way. The book avoids extremes but shows a beautiful picture of working for God and our community.
Work encompassing all aspects, including paid work, parenting, gardening, volunteer work etc. It's just a truly beautiful look at using our gifts and talents and productivity in all different areas.
I think you might really enjoy it Gabe. It's one of the most beautiful books I've read, besides the Scriptures obviously.
I definitely recommend it.
Shalom.
This is so similar to how my thinking has shifted regarding FIRE. Working part time and pursuing other activities that I want to do more of is now what I’m striving for
Good point, this is a healthy and stable long term strategy that could work well
Index funds! Yep - juist keep it simple. Found your video as a recco on my feed and enjoyed it. Thanks for sharing your story!
FIREd at 38 ... after 18 months, indeed got bored and went back to a different job 5-15 hours per week. It's a much better balance. Can dial up or down as I feel the urge to. Can take a month off and travel or take care of home stuff, or work every day. It's a much better way to go than working 60 hours per week at an awful job, or not at all at an early age with too many temptations ...YMMV.
Seems like this dude started out rich, to invest in real estate and to unload that much money into renovating and tech gear.💯
New subbie here. I enjoy your videos - very insightful. Regarding Storyblocks....I'm only seeing monthly subscription plans. Am I missing something? Did the pricing change? thx much.
You are right, I am on this to be nothing more than a corporate pawn until I die. I will give up on trying to retire earlier than 60. Thank you!!
i am in the semi-retirement phase. Like 30 hours a week. Without a purpose in live people lose hope and meaning.
I shifted to working part time after hitting a target FIRE number, and I can confirm that a lot of that freed up time has been allocated to gaming.
I probably don't need to work at all anymore, but I clearly haven't lined up enough to do outside of the job, based on how gaming has filled up the void. Some kind of fun project is probably the way to go, but I haven't had a need to dig into one yet because I get enough "productive" vibes from the part time job.
Hey Gabe! Could you please post a video about your wife and how you both got the motivation to take on this challenge together? I know a lot of people are in relationships where one of the partners needs to sell the idea of early retirement and I’d love to hear your experience in this space.
Gabe, ( apologize, completely off topic ) is that a collection of Nancy Drew books on your bookshelf? One of my all-time favs as a kid. Will be such a fun thing to share with your kiddos some day. I agree with your video, make time to nurture friendships. Priceless!
Yes it is! It's my wife’s I actually have not read it yet but looking forward to with the kids some days!
Love the Nancy drew series! It got me obsessed with reading as a kid!
Me too 😊
Yes, I saw them, too! :)
Do you ever feel you are one bad tenant away from losing all the profits from your rental income? My son's girlfriend died her hair in the living room of his apartment and wrecked the rug, then they had a wild party and destroyed several walls. He has just accepted he will lose his deposit and since he is a teenager, doesn't have anything for the person to sue him for... I guess that is why the property owner has insurance too? Seems like it is so hard to screen tenants for people who will pay, not destroy and not get accused of being racist or some other label if you deny people. A buddy of mine only rents to old ladies because they always pay and take really good care of the place, he has over 20 properties and says he rather leave a place vacant for 6 months, rather than get a bad tenant, but he has been sued multiple times for discrimination and each time that costs him thousands.
Dudes making bank through tenants and TH-cam. I'm sure if he ever has to absorb any costs later, he'll make a video complaining he's made too much money XD
Good advice! I was just listening to a video on weight loss with same idea. Go a little slower, enjoy your life, so what if it takes you a little longer. Nobody likes misery!
Hi Gabe,
That’s exactly what I do when food shopping buy in bulk because you save more money 💵
Hey Gabe! I've watched a bunch of your videos - just realized i never subbed. did the thing just now. ;) See that you're nearing half a mill!!! Don't you have that as a goal with the reward of a tesla?? Well, happy to contribute in my small way. AMAZING content. Keep it up - and keep enjoying the process! Thank you!!!
Makes sense. That's what I did. Got FI, but I knew I needed to figure out what I would do with my time. It turns out, after soul searching, that I really liked what I did, but wanted better (read: "Less") hours, so I negotiated a part time role, and have been doing that for the last two years. What I love about FI, is that you don't have to put up with the BS. I'll continue working at my current role until it's no longer fun. With my spare time, I spend with the family, work on hobbies and volunteer.
I love this video and how you moved around your house and used different camera angles. Trying to retire early actually sounds more stressful than just trying to be modestly frugal and saving like 20% of your income per month which is my strategy.
I feel like I can live more or less completely guilt free about spending money as long as I’m saving about $3-5k/month (between my wife and I between high yield savings, 401k (including employer contributions) and taxable brokerage accounts) and we’re not going into debt.
Honestly, remote jobs already make feel like I achieved some sort of financial freedom because of the perks from working from home. For sure the goal is just to reduce how much time i have to work and make it more that I work cause I want to.
Not having any friends is the one big problem I know I have to fix. I've been trying but its proving to be one of the more difficult things I've ever done including university and being financial independent. I'm more fearful of this than of running out of money just because of all the studies I've read on friendship. Apparently, our will to live disappears if we have no close friends and also don't work.
Great video! I need to show it to my son. He's 18 and wants to retire asap and he hasn't even started university yet!
Your videos have been giving me a lot of ideas to help with my life currently, so thanks for the awesome work! P.S. what is the black pen you are always using?
Glad they can help! I think it's from Grovemade it's the only pen I have lol
I am semi retired as an elementary substitute teacher Gabe. You are so right . I am 75 years old but I can continue to work and I love being with K-2 grades . I have no Grandkids but God gave me hundreds of kids to be a Grandmother to, which I do. I bring lots of rewards for good behavior to all my Grandkids too. That’s why I’m so successful at it ,plus loving them! And being like a Mom to them. If you were my age , female, what would you invest in? I live ion SS and my job ,and have no investments or knowledge on how to invest. I love your baby girl, So sweet!❤
Thanks!@@GabeBult