How to Get Rich Slowly, Take a Year Off, and STILL Retire Early

Рет қаралды 42,802

Күн бұрын

Пікірлер: 77

@lorigovi718 Жыл бұрын

I agree with J.D. Our society focuses a lot on being productive and always doing something. If a person is STILL and takes time to do NOTHING and explore, its looked upon negatively. It should be ok to take time for you and do the things you enjoy. Other societies and cultures ENJOY life and a better quality of life. The rat race in the U.S. is real.

@namegoeshere1 Жыл бұрын

Hyper Capitalism

@4656superman Жыл бұрын

lol, the USA is the reason the other countries can "take it easy"

@zestpeet4614 Жыл бұрын

Agreed! I've spent my life being a hard worker and I know the moment I decide to "take a year off" my family will be questioning what I'm doing and why (endlessly). I think part of that is the saving vs. the non-saving mentality.

@ElkeS-le2xy Жыл бұрын

As a fellow human and psychoatherapist, I find that JD brings a much needed nuanced and balanced view to life, including an FI type of life. Making one's goals all about numbers and optimization is rarely, if ever, shown in data and research to be what we find most meaningful at the end of our lives. Yes, we obviously need to have a way to sustain ourselves but beyond that, in my view, it is important to take the time to reflect on what makes life meaningful to each of us and seek to support those aspects of our lives as much as possible. JD's own examples of creativity, health and mental health are prime examples but each of us will have our own areas that hold deep joy and/or meaning for us. Thank you for this lovely interview.

@wengers111 Жыл бұрын

My girlfriend and I (early 30s) are just wrapping up our 1-1.5 year of rest and travel. We did plan for her to quit her job maybe 1-2 years in advance to give some time to save up (both for the trip and just putting a big chunk into that FIRE goal). We certainly agree with JD that it's well worth it to take this time off and reflect and hopefully get some idea of what we want to do going forward.

@jsbrooks72 Жыл бұрын

Good insights JD. I understand the concept about not wanting to "take your foot off the gas"while saving. I have taken a year off and it was the thing I could have done. I got sober and came back with a vengeance after finding this community. Thank you Mindy, Scott and JD.

@megwriter3power-gg6ml Жыл бұрын

This is the best podcast experience I’ve listened on your platform. It’s so light 🇬🇧🇬🇧

@dengelbery Жыл бұрын

Thanks for the insight. I am taking time off rn and i have guilt w not working and worrying whether its enough. NW of 1.1M at 47 single mom, nvr married. I appreciate you saying its ok.

@cindylopez4155 10 ай бұрын

Same here single mom 48 and I’m on a leave putting myself first, spiritual, mental, health physical health, reading and family. I was wrapped up in a 9-5 job and plus hours. I’m praying to be led to what’s next.

@garrett7101 Жыл бұрын

Problem is that with most jobs you can’t take off a week or weekend much less a year.

@grasmi Жыл бұрын

Quit, then find a new job afterwards.

@garrett7101 Жыл бұрын

@@grasmi not that easy with certain jobs

@FIRED13 8 ай бұрын

What kind of job won't allow you to take a week off? Oh, that's called 'slavery'

@garrett7101 8 ай бұрын

@@FIRED13 I was a police/fire/ems dispatcher with min # of people required no matter what.

@julies48a Жыл бұрын

This was the best speaker I've ever heard on your vlog. He must've been in my head.

@CourtneyRobinson Жыл бұрын

Thank you so much. My husband and I were late starters and have built a business that is now earning 10x what we had 10 years ago. We have continued to live on 30% and socked away quite a bit. We have one more year syndrome. This really helped me deal with some of my fears. Thank you.

@PS-ic4bp Жыл бұрын

Hi Courtney late starter here. I am thinking of starting a business myself. May I ask which area is your business in and did you build the business or buy?

@CourtneyRobinson Жыл бұрын

@@PS-ic4bpHello there. I am a yoga therapist who had a trade school and taught workshops. My husband was a police officer who did decks, fences and roofs on the side and also owned a dojo. We grew the construction business while fazing out everything else over ten years. We now focus only on roofing. It’s been like a snowball growing from about 20 roofs a year to 120 to 200 a year. We did have to hire more crews to keep up. We stayed in a middle class lifestyle while saving the rest. Wishing you the best of luck.

@PS-ic4bp Жыл бұрын

@@CourtneyRobinson Fantastic- now I remember I saw you on the podcast. Very impressive. Very happy to hear your story.

@CourtneyRobinson Жыл бұрын

@@PS-ic4bp thank you.

@sara7mk Жыл бұрын

Great episode! Really appreciated J.D.'s insight, transparency and willingness to share his journey during this session.

@josephstupar3372 Жыл бұрын

I am closing on my 5th property, I’m 25. I could retire off cash flow if I paid all 5 off easy. I have been trying to think about the freedom I could have if I just focused on paying those off in the next 10 years, witch would be doable. And be free at 35. Or continue to scale and buy more. Great problems to have.

@lawrenciaansere1115 Жыл бұрын

That’s great! I’m 25 and just closed on my 3rd! Would u like to connect?

@LuLuLately Жыл бұрын

Wow congrats! Out of curiosity Were your parents also investors? I wish I would have had that kind of knowledge and ability at your age. Hell I still don't Own my own house. I finally fixed my post separation credit (beware of mixing finances and relationships) & no longer living paycheck to paycheck. Unfortunately, it's still not enough to finance a property. Many of us know real estate is a great way to build longterm wealth but how to start, especially in this market, is the question. This has to be the worst time to invest but those that had your mindset pre Covid really hit the jackpot. Terrible ordeal but it also made many people into millionaires. Anyway, just wanted to say how amazing your success is altho I'm sure you've heard it many times before.

@freeestyleobsessed Жыл бұрын

AMAZING WORK!! You’re soooooo far ahead! Keep doing your thing, you’ll be insanely successful if you just stay on your path

@pawelwisniewski6849 Жыл бұрын

@@LuLuLatelyjust get more education under your belt and you’ll see people still invest and find deals today , you need to change your mindset if you want to be investor Start with house hacking and watching KZbin channels like One rental at the time and Dion talk financial freedom , it will show you it’s all possible and easier then you think today . Good luck

@donaldlyons17 Жыл бұрын

He is likely a though AS* because getting paid means being cruel towards people. I know b/c my mom's grandpa was "tough" and he was a business owner. Those people are nothing normally without using the law against others. Bad stuff all together. I have no issue with people in business where people have options but housing is a take it or die situation.

@nirui467 Жыл бұрын

What does JD do for health insurance?

@MegaRose1958 9 ай бұрын

I would love to experience traveling in an RV. That is one of the items on my bucket list that I haven't done yet. 😊😊

@Jerome-iwnl 6 ай бұрын

I don't help others because I'm putting them first. I help others because deep inside, it feels rewarding and satisfying to my ego. That feeling inside is enough gratification that I don't expect the people I helped to help me back when I'm in need. This means I won't feel cheated or bitter if they don't help me, and I'll feel infinitely grateful when they do (because I dont feel they owe me)

@razorsharplifestyle101hard9 Жыл бұрын

Taking a year off on a spirtual retreat in thailand is definitely my schedule as i plan my early retirement to thailand in 7 years in my forties.

@Antandthegrasshopper Жыл бұрын

Hi, can you share more about the spiritual retreat for a year? I’m interested in doing something similar.

@megwriter3power-gg6ml Жыл бұрын

I took a six year sabbatical with a young daughter, lived in my house that is now rented and brings me income. I left the USA so it could be paid off.

@clayhenss4687 Жыл бұрын

A little peek into the mind of a comic book reader: I’m enlarging the video so I can judge the content of this man’s bookshelf. Good stuff.

@andreawisner7358 Жыл бұрын

I love this guy. Do you think he'd be willing to mentor me? I know I'm critical of some of your episodes but this was great. He makes me want to start a blog. Probably call it Stay Poor Slowly. Mindy, I'm expecting you to do a book report soon!

@PS-ic4bp Жыл бұрын

13:15 hmmmm if your NW stays flat, then considering inflation it’s actually declining.

@User12345fan 2 ай бұрын

Yeah they didn’t get a goof guest on this one

@teresah2964 Жыл бұрын

I also have a monkey mind. I relate to this story a lot !!! Thank you J.D. or sharing your wisdom.

@Midlifeanticrisis Жыл бұрын

Same!

@HattieMaeGotMoves Жыл бұрын

When you financially on an up!! This type conversation is inspiring.. but when you out here still on the grind your need or want perspective is different..no matter how many books KZbin videos I watch I still haven't been able to repeat non of these property investments no trucking start up no mutaul funds stocks...all that ish require money to make money... but hopefully one day I can have these testimonies

@holdencawffle626 Жыл бұрын

First, learn how to talk

@melindarobb4529 11 ай бұрын

What kind of health insurance coverage for something like JD can have in Oregon that is affordable for retiree at such a young age?

@dunnaredside8460 Жыл бұрын

You all should do floating sensory deprivation tanks.

@NEVBB24 Жыл бұрын

Solid listen!

@serialmigrant Жыл бұрын

I've been doing that since I'm 30 :-) not necessarily one year off at a time. But I applied the frugalness of FIRE to pay for yearly mini retirements between 1-6 mo. Exception has been COVID where I was working 2000 hrs a year (6 -8 mo a year), which helped me play catch up in my accounts

@meg8358 Жыл бұрын

What type of career allows you to be able to do that?

@pirateslife4me Жыл бұрын

@@meg8358Hopefully she'll weigh in, but it sounds like contract/travel nursing

@serialmigrant Жыл бұрын

@@meg8358 im an engineering consultant in a volatile market (mining projects, sometimes in emergent markets). At first though as an office engineer I'd just ask for a few weeks off w/o pay tacked onto vacation during our "low season" , Dec - January.

@Kornheiser10 Жыл бұрын

Sorry JD...but Scott has the responsibility of a newborn. Comparing the day of a new father and that of someone with a lifestyle like JD is like comparing a Martian to a Venetian. It's great that JD can focus only on himself, but many (most) people can't because they have responsibilities outside themselves.

@holdencawffle626 Жыл бұрын

JD has zero kids right?

@holisticallyme556 Жыл бұрын

The host was in ramit’ podcast despite her expressing to agreeing with the interviewee in reality her and her husband do not operate in line with it. My point is that you can have the mindset, lnow the theory and what you should do but operationalise it, practising it as a diff matter. Theory and agreeing with an approach doesn’t mean you are ready to apply it in your life.

@MarR4547-h5j Жыл бұрын

😂😂😂😂I just realized I got the monkey mind 😂😂😂😂 love this episode… thank you!!!

@CampFI Жыл бұрын

33:11

@jordanbey870 Жыл бұрын

Yes rush to retirement..life is only one..Stop listening to Banks and Investors..

@Kornheiser10 Жыл бұрын

Actually you only die once, you can live for a long time in retirement and you don't want your 70's and 80s to be eating cat food and shuffling around a park for fun.

@ginacardarella Жыл бұрын

I've been doing the 3 day rule for years actually I do 1 to 2 weeks

@HotelSnob 8 ай бұрын

Kim’s new boyfriend brings her on vacation with him 😂

@ravichprom4698 Жыл бұрын

I live in a 1 million dollar house, feel like washing, should cash out and add to my 1.5 million investment and retire., but we still want to work because jobs.