Early Retirement in One Lesson (or How I Retired at 30)

[@austinbar]

I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.

[@eloign7147]

Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

[@joshbarney114]

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

[@rogerwheelers4322]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@rogerwheelers4322]

I definitely share your sentiment about these firms. Finding financial advisors like Natalie Noel Burns who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@petescott]

I'm 39, really looking forward to learning how I can retire by 30 in this video 😀

[@dancer1]

😬someone tell him

[@hjarnspik]

trainsirf sry, No can do. Suck at math

[@MrLasox]

Sorry but you are to late. Im also to late, but it's never to late to begin! Your goal should be at 50 but my goal will be at 35. Im had alot of focus for it couple years already and im saving about 80% my income now and most likely i will get the cabin from my grandmother in inheritance and i will be turning that into a home so i will be most likely be debt free with a house when that's fixed up (rehabilitate) and that's will also increase the value for the property.

[@petescott]

@@MrLasox thanks for stating the obvious and confirming I'm already too late to retire by 30 🙄. I was literally sitting here calculating how I can be Benjamin Button. Thank you internet.

[@dancer1]

Lasse Yeah damn good plan!

[@mattc5937]

Once I realized that true wealth is about needing less and not having more everything changed for the better for me. Much of this is just a psychological switch we need to make.

[@Raymondjohn2]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[@TheJackCain-84]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@martingiavarini]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@bob.weaver72]

Mind if I ask you to recommend this particular coach you using their service?

[@martingiavarini]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@bob.weaver72]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@MauroMenichetti-o7p]

For the average investor, the stock market is the best tool for long-term wealth creation. Still, many people can’t take advantage of it because they are trying to make quick money from the stock market. I put about $200k into the market and held good positions

[@neilpatrick-xj9yr]

I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists

[@RasmusLarsen-kt6vz]

@@neilpatrick-xj9yr A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my 700k portfolio and boost performance and returns by 40% in a little over four years

[@neilpatrick-xj9yr]

@@RasmusLarsen-kt6vz Can you refer me to this individual please?

[@RasmusLarsen-kt6vz]

@@neilpatrick-xj9yr I'm being guided by LINDA A STEINER who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.

[@williamstonumd]

@@RasmusLarsen-kt6vz I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@acer4237]

Living below means is key, I was saving 30% of paycheck and people thought that was crazy. With pandemic, figured after laid off I could of been saving 70%. But key thing to keep in mind, is wealth is not possible without health. If you don’t take care then that will put an expensive damper on that plan, make sure to factor in contingencies. Best of luck to you!

[@GabrielPitchford]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[@MaryPatricia-wr3wj]

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

[@GabrielPitchford]

@@MaryPatricia-wr3wj This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.

[@MaryPatricia-wr3wj]

@@GabrielPitchford Oh, that sounds good but how do I reach out to MARTHA ALONSO HARA

[@GabrielPitchford]

@@MaryPatricia-wr3wj quickly do a web check where you can connect with her, and do your research with her full name mentioned

[@MaryPatricia-wr3wj]

@@GabrielPitchford Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me

[@pvsk10]

This is one of the most important talks that humanity has ever produced

[@uservemewell]

One of the best presentations I have ever seen. This should be mandatory viewing for all high school students.

[@frederickweber8781]

“Work is better when you don’t need the money” I’m not retired yet, but I have already found this to be true.

[@InvestingBookSummaries]

@Johan Lammers Good luck friend! I wish you the best on that goal :)

[@BrendanEvan]

I want to feel this "betterness"!

[@keyzmi]

This is why I separate my passion and money.

[@1927tommot]

@Johan Gustav Lammers 00

[@1927tommot]

@Johan Gustav Lammers 00

[@kalilavalezina]

Whenever I think about what I'd do with a massive lottery win, the answer is always the same: paint. Run a studio. Exhibit. Sell the work. Connect with artists. I'm working my way towards that without the lottery win. To have a life where I can "retire" at 45 (I'm now 42), would be a dream come true. I'd paint every day. I love this talk, thank you so much for sharing.

[@Ranbuowsatrawarriar]

I do the same brain exercise. What would I do with my time with a lottery win? I would help people working on their homes making it more functional, economical and beautiful. Well that's what I already do as a carpenter home handyman. I do small and medium projects on people's homes getting a chance to build meaningful relationships in my community and helping people enrich their home life.

[@Ranbuowsatrawarriar]

Also I live in rural Canada so that helps.

[@al-b]

"If you're doing it for love, you'll have no choice but to do a better job." Beautiful message and very useful presentation. Thanks for sharing!

[@Chris-ki1ve]

An absolute must watch. Saved and sharing to as many people as possible. I'm 31 now and am just stumbling on these principles but am happy to see that I'm on the right path to a value-centric life. Thanks for sharing!

[@rachunkimj2166]

I remember my former corporate friends laughing at me, when I was driving a cheap car (biking to work was not a real option). I even did not tell them that I live in a rented room, instead of huge flat or house. Now I do not need to work, while they still toil till late hours, and have their annual performance reviews, at which they are usually humilated, as I once was.

[@gamestoons3287]

That's awesome mate. But how did you turn your savings into an income source so that you 'do not need to work'?

[@rachunkimj2166]

Strategy is very similar to Jacob Fisker (you may read his book „Early retirement extreme”)

[@daw162]

There are a lot of people who like to do that kind of work for the challenge and the status. Not everyone who is working is "trapped". I'm not in that group - I'll retire when I'm able (but am single income with two kids and a spouse, so it'll be earlier than most but not 40). I regularly run into people who work well past when they would need to financially because that's just what they want to do, or because they've worked to get to a leadership or management position in a firm and are no longer the ones doing the drudgery type work (and getting paid well).

[@timk80]

@@rachunkimj2166 amazing book. Jacob definitely opened my eyes to an alternate way of living.

[@rachunkimj2166]

@@daw162 I agree, there are many paths you may choose, but having more optionality allways helps. Even if you do not need to work you may choose to work, but you will be much more consciencious of your life choices (I hope). To tell you the truth my ex-managers have been over-commited towards work. Clayton Cristersen speaks about it in his speech kzbin.info/www/bejne/a3XaipaEp5WBq9k

[@ozetgeciyorum5390]

This audience is the wet dream of every standup comedian.

[@zoeydeu2261]

They're laughing at everything, even the non funny stuff (which is 80% of the talk). Like wtf

[@brightfuture5704]

I don't know about that. Chris Rock said he didn't like it when audiences were too excited to hear his material and they just laughed at everything. He said if he felt that vibe, he'd take the audience close to being disappointed so that he'd have to work for their genuine laughs. That insight into human nature, combined with the desire to work hard at something he loves, is the difference between someone getting paid to perform a task and someone dedicated to refining their craft.

[@brightfuture5704]

@@ella3505 Stand up comedians supposedly have a fantasy where they have orgasms because they are so excited. This audience is meant to be such a fantasy for stand-up comedians because the audience easily and enthusiastically laughs at things that aren't really funny.

[@ahmedbadia1485]

As someone who watches a lot of standup, this comment was hilarious

[@PA-yy8vu]

In the first few seconds he said “Today’s Saturday” or some shit like that , and they laughed -___-

[@billygarcia8757]

Thank you for this. You’ve impacted people greatly with all your work. Im 26 now, lets see where life will take me with these proper systems and philosophies in place. Same goes for everyone reading this!

[@imshteam]

One of the best lectures, I watch it every 4-5 months

[@lidarman2]

Working when you don't need the money is the most valuable. It's like having a magic wand or being a 5 year old in creativity and freedome from deadlines.

[@gimmetheacoountplix]

That is my goal beyond the money and financial security! I want some part of that childhood feeling back! I found MMMs website a few years ago, and I still remember how everything just felt right. First time ever I felt the urge to "follow" someones path, and at the same time, I dont have to follow him at all. Just do it yourself and stop wasting money, save and invest. Its kinda easy. And omg it works.

[@xxlalbatross3287]

@@gimmetheacoountplix so right.

[@nitin_puranik]

Well, in the US at least, you still continue working even when you don't need the money because you need the frikkin health coverage.

[@verdelle1365]

Seriously!

[@snorttroll4379]

@@nitin_puranik can you buy an insurance from another country and travel there to get therapies?

[@donttrustverify2785]

We can see the state that the world is in right now. It saddens me to see that a video of a dog shitting on the carpet has exponentially more views that this lecture of an amazing man teaching everyone what life is all about. This deserves to go viral.

[@timk80]

Pete’s the man. Very self deprecating but what he teaches is so empowering and should be taught in every high school in America.

[@FreeHuman1997]

And in Russia and maaaany other countries :)

[@Mary-oc5ns]

Those were the days . . . audiences!

[@uknasa007]

lol

[@jimbean4945]

Now we work from home chilled as a Mofo...

[@mukherjee5959]

Phenomenal.. This really shows how fun it is to be financially free. Financial independence is a bliss....

[@schroederscurrentevents3844]

I like his version of retirement. It isn’t not working. It’s switching from the job you have to the job you want, because you can do that now.

[@praveenstomp2471]

There's a saying "Retirement is not end of work. But it's just having enough time to do your favorite work"

[@ah383]

Retirement is doing what you want to do. If it looks like work to someone else, it’s not your problem.

[@e22ddie46]

Yep. He regularly has talked about how he'd go nuts from boredom without working. Also, since most people are unhappy with their job, not having it would be ideal.

[@sozialbetreuer]

I am working as a social worker in Austria, earning arround 35k per year and even with a billion on my account I wouldnt quit, but I still safe arround 40% of my income so my next generation can do what they really want aswell.

[@jonathanlamb4373]

It’s freedom to do what you want when you want

[@bagookajoe7113]

Retired just before I turned 35. I’m not the best mustaschian but I credit Mr. Money Mustache very much for the blueprint. My favorite post of his is the shockingly simple math to early retirement post! Thanks Pete!!!

[@DanielAdolf]

I think I'd credit my early retirement to David Marvin Willis. the investment adviser changed my life.

[@harrison5280]

I am currently 15 and I think Ill try the retirement speedrun wr, I'm going for a sub-30.

[@sophieschollsreinkarnation5078]

how?

[@KaushikBala333]

Best of luck

[@scrub_lord]

lol good luck. im 17 and im going for sub 35

[@CFxRenaissance]

Study hard in High School > Get scholarships > Go to a community college or state school where you take on little to no debt > Study a STEM subject (IT and Medicine are very lucrative career fields) > Find a job > Save 64% of your salary > Retire early

[@zen608]

@@CFxRenaissance wtf you just leaked my plans! Good thing 80 percent of the population is fixated on buying new things every goddamn year so I still have the advantage

[@ollieone051]

Buying your freedom is the one sentence you should remember. Even if you like your job you have no choice but to go to it.

[@godini69]

100% agreed. My friend told me this when I was 18 and its been stuck in my head since. "In this world, you must buy your freedom."

[@snorttroll4379]

@@godini69 but where do you get the money'?

[@godini69]

@@snorttroll4379 create value in the world and money will follow

[@baxakk7374]

@@snorttroll4379 The video literally explained it. Work, save and invest for 10 years. We just have to serve 10 years minimum.

[@markbrunner7793]

@@baxakk7374 this is a simular message i'm giv'n my teenage daughter now. - get a hearty degree; - save & invest at a VERY HIGH RATE; - work (doing what you have to do) for 15 years; - THEN do what you want to do from then on

[@melciadsouza8538]

Best talk on money I have heard in my life! So authentic. Do it for love

[@greenflamingoentertainment8613]

“A society grows great when old men plant trees in whose shade they know they shall never sit.” This is the way.

[@kroto7451]

This is the way

[@awf2666]

This is the way

[@brandonharper7171]

This is the way

[@marloesschaap3798]

This is the way

[@krishannattar4993]

This is the way

[@tahirisaid2693]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals??

[@MagdaleneM-f3q]

keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory

[@YadaniL-g8k]

Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@YadaniL-g8k]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@tonysilke]

I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk.

[@Nernst96]

Best thing you can do to derisk is diversify.

[@PatrickLloyd-]

Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

[@PhilipDunk]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@mikeroper353]

Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

[@PhilipDunk]

Her name is “Melissa Rose Francks’’ can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@samapak7]

This is the kind of content I wish more people in our country knew. As a 24 year old engineer, his path is what I'm striving on. I'm saving about 45% of my income living in a cheap apartment, driving an old honda, and being frugal with my money. I'll admit I could do better than I currently am, like not eating out as much, etc. Great message though.

[@guillaumels1194]

Still in college but kind of the same to you when it comes to money. I just cannot understand the need of buying the last Iphone, car or shoes. Even when I'll get a job, I don't think I will start to do these useless expenses. Maybe a part of me is too aware of all the marketing tricks and that we live in overconsumption society, and I just don't want to fall in this trap as too many in my surrounding do.

[@FallLineJP]

@@guillaumels1194 If you start in college you're soooo far ahead of the curve it's silly. The jump from college to full time income is a super easy way to turbocharge your savings rate, if you just keep living the college lifestyle you're already used to. Good luck!

[@alexbell8865]

Bro. Same. Though I’m just a lowly pleb. No degree, no nothing. BUT to me, these lessons are even more powerful because a normal joe shcmo like me really can achieve it.

[@FallLineJP]

@Paul _ Haha I mostly agree on college - taking on a ton of debt for a degree that doesn't give you good prospects to repay it is a losing proposition. There is a time and place for college in some occupations though. What we're talking about here though is savings rate. What most people end up doing *after* college, is take their new higher income, and proceed to spend about 15% above it (viva credit cards! #smh). If you instead keep your college lifestyle after graduation, saving that new higher income can turbocharge your finances - via investments etc. Rentals are great for that *if* you know what you're doing.

[@mickmeadows]

samapak7 you’re doing well kid! Way ahead of the pack. Well done and keep it up!

[@bobwallace9753]

At the age of 37 I had done all the interesting stuff I wanted to do within my profession and I was bored. For the next 8 years I controlled my spending and learned good investing strategies. That let me retire a few months before my 45th birthday. It's now more than 30 years later. I'm living a very comfortable lifestyle and have for the last 30 years. I've traveled and done the things I wanted to do. I think Mr. Mustache is offering some very valuable information. Try to limit your spending and use the savings to buy your future freedom.

[@amazonstaff2848]

Whenever it comes to trading FOREX MARKET I can only advice you seek the idea of someone that’s successful not those posting about who did this or that. All we need is a good teacher that will enlighten us about it, as for me I have worked with so many traders and thou some are good but the lose is greater than the gains. I had to checkout on someone who I personally know and she taught me how to monitor and place trade at the right time using MT4 flash. besides that she had me as one of she’s student of which I loved she’s teaching and got so much idea about trading I can tell you that I now make good profits in trading including BITCOIN as well. It will be my pleasure for me to give you her contact to give her a try her name is Mrs.Helen. reach her on WhatsApp Num:+1.2.0.6.5.8.0.0.1.2.9

[@bobwallace9753]

@@amazonstaff2848 I have a feeling you failed Shilling 101.

[@eneco3965]

@@bobwallace9753 It's a bot

[@raybp7512]

45 still mustve been still really young in retrospect!

[@AdamBondAudio]

This presentation was how I discovered you Pete, absolutely brilliant! 😊 Glad to see you now have it on your own channel at last! 😄

[@FreeyourFinance]

This guy is one of my hero’s! He’s done so much for the FIRE community! 🔥

[@dancer1]

He is the founder isn’t he?

[@muffemod]

Yea but his calculator is all jacked up.

[@DustinMoffitt]

This needs to be taught in middle school and high school and at parent-teacher conferences.

[@workwithearl]

No no noooooooo, we need laborers to do the mundane.

[@garyjames628]

No one will give you the tools to overthrown them.

[@lukeh3020]

26:14 "Tesla is worth about as much a General Motors on the stock market" Since this speech TSLA share price has tenbagged. Current market caps of both companies; GM: $43bn Tesla: $390bn

[@bgomers7]

Thats the one part I would disagree with MMM on and most of the fire community, they would all say not to put more than 5% of your portfolio into a single stock, so I put in 5% into TSLA and now its over 30%, and I don't think it will stop growing and innovating for next 10 years.

[@lukeh3020]

@@bgomers7 Congrats on picking a winner! On the rare occasion that I pick a winning share I sell half when it doubles to eliminate all downside risk, then hold the remainder. That doesn't happen too often though. IMO picking individual stocks is like investing in lottery tickets. It's perfectly possible to never pick a winning share - even TSLA could have failed at many points along the road, and it still could. You can get exposure to high growth tech stocks with certain low cost funds (my favourite is SMT) and I think that's a good compromise. All I'm saying is getting lucky is great, but you can't plan retirement around it.

[@ThatMountainLife]

@@bgomers7 Take profits! Doesn't have to be the entire thing... But when you find 10baggers it's always a good idea to scalp some profit.

[@y.r.9401]

@@bgomers7 How much is 1share & how much are you earning per share??

[@danieldpa8484]

„Work is better when you don’t need the money” - that’s soo true!

[@dancer1]

The best financial guru to ever live.

[@Richardcarlett]

Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas.

[@philipr1759]

At a point like this, when the pressure is already on you to retire, it’s best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

[@DavidRiggs-dc7jk]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@EllenAbrex]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@DavidRiggs-dc7jk]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@EllenAbrex]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@RachelBrinkmeier]

If I've learned anything over the past 2 years, it's that life isn't just about money, but money is an important part of life. It impacts every aspect of our lives, from where we live, to deciding to start a family, to retirement. When I got my first paycheck, I knew I had to invest. I didn't think a few hundred dollars a month would add up. But it is. From 2020 to date, I have made around $600,000.

[@jasonriordan9749]

For me personally, leaving a cooperate desk job after 10 years and starting my own business was one of the best life decisions I've made. First and foremost the freedom that it brings me, plus it taught me to be much more sensible with saving and investing. Oh and I love what I do. I know running a business isn't for everybody but I bet a lot of people out there have great ideas but are too afraid to take the leap.

[@bongboyz6468]

How did you do it? Are your ideas original and different from others in your field? I'm a 24 y.o. who got lucky with landing a Corp job for 70k but I feel that this life is not for me. I don't know how to start my own business but I've grown a fuckton of technical knowledge through my career and stuff I learned at an early age. My problem is that I don't understand how my own business can take off without having original ideas. I'm in the tech sector if that helps

[@zabiullahMONTAGES]

@@bongboyz6468 You need people who have the skills you don't have. Working together like that is how succesful companies are made.

[@miccykg7803]

Having your own business is one thing, loving it is just impressive. What kind of business do you run?

[@jasonriordan9749]

@@bongboyz6468 I knew I didn't want to stay in the deskjob doing 9 - 5 forever and I knew in the back of my mind I had a skill I could sell (I'm a trained musician) so I started a part-time music teaching business alongside my main job. Then, after a year my clientel grew to a point where I could drop a couple of days at my main job and do my business part-time. Then after another year of getting my name around and growing my customer base I was able to leave the deskjob all together and focus on the teaching as full time career. It's been supporting me for four years now and I've never looked back! If you have a skill and experience that you know people will want or need and benefit from, you can sell it. You don't have to be original, think how many self employed plumbers, electricians, gardeners e.t.c are out there, all doing the same thing, but all successful. The very first thing you need is a vision. If you don't have that, your business will never happen. I wish you all the best!

[@jasonriordan9749]

@@miccykg7803 I run a local guitar teaching company for complete beginners. I always wanted to make money out of music ever since I was a teenager. I realised teaching it was what worked for me. It supplies me with a full time income and I love it!

[@MrLasox]

This should been at the school - learning the kids about how the real economy works and how people should been living! The wealth would been increasing alot more in those countries if we don't borrowing money we don't have, don't be spending money we don't have! And one other tip for the parent. Start a stock account for the kid when they are born. Put for example $10,000 there and when the kid are 18 it should been increasing alot.

[@frankish5314]

Pete was the first person to tell me I had enough money saved up to retire! Took 3 months to absorb what he was saying, and yes he was right so I quit and that was almost 7 years ago...:)

[@frankish5314]

@Verda Then you go onto the website www.mrmoneymustache.com/ and start reading. There is a lot to learn but basically if you save half your income and invest in stock market ETF's. With roughly 17 years you will be financially independent. Thats why you need to be frugal, because it frees up funds to save and invest. Like I said above, it took me 3 months to get what he was saying but he was spot on. Once you get it you you will then live your life differently.. If you want to of course.

[@valerosergio]

This video changed the way I saw my life and things I took for granted (like that I have to work for the rest of my life as an employee to have a good life). I have been working 3 years towards FIRE, and I hope to get there in 4 years more.

[@hersheykiss722]

This is literally one of the best presentations I've ever seen! Thank you!

[@andrewkh3710]

This crowd is so friendly. Or stoned.

[@HouseJunk1e]

They literally laughed at nothing. lol. "I made them hexagons" Crowd: HAHAHAHAHAHAHAHHAHAH!!!!!!!!!!!!!!!! HEXAGONS!!!

[@beat1riz]

They're americans.

[@cloudstreet9]

He was in Portland. It was both ;-)

[@remo]

What a legendary talk. That‘s why you‘re the Pope of the Holy Church of Mustachianism.

[@ericyister]

"If you do it for love instead of money, you have no choice but to do a better job!" -- for anyone thinking of business, this should be the CORE value / principle. You weren't born into this world with money in your hands & you're not going to take money with you when you die either. Money is not the end game in life, but love is.

[@evm6177]

PETE THE REAL INFLUCER! God bless man.. By the way that bit about old people planting trees knowing they are not going to be around.. Ya that was deep and exactly what society needs to hear and try to picture in their mind, in order to give back for a change. 🍷

[@adamwalker7338]

Influcifer?

[@proto_Atlas]

Saw your documentary on Netflix, thank you for sharing the knowledge and helping out people. The light spreads globlly!

[@siddhartha_1]

I read half your blog not knowing what you looked or sounded like. Great to see the man behind the movement!

[@solarnator]

me 2. Didnt know he was so funny - subbed

[@fraiswang4859]

Love the positive energy here, across the speaker and the audience.

[@skaterfugater]

What a gold nugget this presentation and this video was/is

[@mokv9889]

This is probably the only reasonable "Retire at 30" video I've come across. Thank you.

[@wv9548]

Very true

[@antonioRamsay22]

Thank your for the tips Mr. Justin Timberlake

[@Cammy71480]

Hahaha I didn’t know if I was just a big Timberlake fan and noticed it because of it or not 😆

[@brigittefalderbaum5682]

Tustin Jimberlake

[@ravenhummel8202]

OMG, I thought I was the only one who saw the resemblance . LMAO

[@Christina-ds7qk]

He definitely looks like JT 🌟🌟😂😂

[@nickdolan199]

Mixed with the speaking style of Mitch Hedberg 😂

[@Missai005]

I have enough to retire now (through simple meaningful life plus some investment), I'm-51 but I keep continue working...I am a professor... I like to keep on teaching and sharing knowledge with student.

[@theneverendinghighway]

I am now saving 90% of what I earn. Only problem is, I'm already 40. So, my goal is to retire at 50! I can do it!

[@angelikalaser7778]

90%?! You don't need 10 years when your savings rate is his high.

[@fkxstyle]

from financial to philosophical talks, i love it... what matters is what you do after you are financially free

[@TreeofLife_111]

34/f that never cared for fancy careers, but since I haven't found a partner in life, I have been faced with figuring out what I will do. So in my 30s, I am going to nursing school and I have been looking for a mentor to help me understand investing. I sometimes don't think this life was built for women to do it all themselves, but I hope I make it so that I can teach other women how to have lives that don't require them to be a slave to a job, every day, just to pay for rent/car/food. Your video has inspired me to keep pushing through so that I can help others.

[@gokuvegeta9500]

You're a woman you can easily find a partner Most likely it's just that you want a top 5% man

[@markdepow]

This is one of the most important speeches in human history

[@aliciarodriguez5573]

"Taking away effort is not the path to a better life”

[@BassistBreakdown]

So good. My favorite part: "I've put these things into hexagons so they look scientific"

[@vtheb1299]

Mine: we grew up in Canada so nobody had told us that this is impossible... so we did it :D @5:35

[@user-fk1kx9mj3c]

I have been holding most stock like TELSA AAL but the crash are inevitable 😊

[@yahoofinance1764]

@Jeffrey Shane Wow great that's called diversifying a portfolio

[@user-ox2yx8bz7z]

Most investors don't know how cryptos are, Bitcoin trading is the best thing I've ever done since the inception of crypto currency

[@jerry7334]

Bitcoin is the future king of all crypto it's very profitable for real am 26 started investing when I was 23 I think before 30 I will make over $400k

[@BrendanEvan]

I woke up to money and the reality that we all have more choices than we initially believe at about 25. Planning to be 100% debt-free forever and have $500k+ invested before 55. Enough people quoted MMM that I had to find him too. Great stuff!

[@HogbergPhotography]

40 and almost depth free on my way to financial freedom. Me and my partner are living on less than "the poverty limit" but we have everything anyway, a house, a small car, computers, phones, camera and ALOT of stocks. We save around 70% of our income. We WILL be rich, exactly when we do not know, what we do know is that it will happen (if society does not collapse of course).

[@whiskey-f1p]

glad I know about the retiring early movement at 17 :)

[@sanzharzee4807]

Thanks Pete for such an inspirational presentation. Watching it for the second time. Now 43, have a corporate job (not from developed world, btw), have enough assets that generate passive income covering my lifestyle, however stil hesitate to quit my job that I hate and seasonal business that I hate less.

[@user-60267]

The rat race is one major reason so much of the world is miserable, anxious and depressed. When work is done for the enjoyment you get out of it and not because of some superficial marker of self-worth, it can open us up to states of joy, peace and satisfaction which people in the rat race will rarely experience. Thank you for this amazing presentation. It has renewed my drive for financial independence and taught me how powerful it really is.

[@hilarygrebowicz4787]

great job. loved your talk! I remember my retirement party when I was 27 leaving Chicago to move to Colorado. I hired a blues band Melvin Talor and the Slack band. The party could not fit into my storefront and was out on Huron street. At 1am in the morning the gangs kitty-corner opened up the fire hydrants and all the kids danced under the spray of water, then all the adults did it too. So glad I did not wait to have a celebration of our freedom.

[@bstancel12]

Great speech! First time coming across Mr. Money Mustache. I did something similar - less intentional, with more risks and with slightly different initial motivations (i.e. more of the ability to say go *feather* yourself). It worked out though and I am in a similar situation at 41 (not 31). With that said it was not easy and you will have to make a whole lot of short term sacrifices that most people will not ever do. Still own two companies and work when I want, but will only take certain clients. That feeling and ability is the best in the world, and was my personal foundation. Telling a potentially overly demanding client that you will not do business with them at any price definitely sets them back and changes things for you and them. What Mr. Money Mustache says in this video can absolutely be done. Kudos to him for realizing and actualizing that very early on. Hopefully this video inspires others to do the same!

[@victoriakhlopetska8863]

I got to know MMM from the One Daily Nugget newsletter and it's really great I found his talk here as well. Thank you for sharing!

[@5687-f4i]

I’m 17 and retiring by 30 traveling the world and being an artists are deems I’ve held for a couple years now. I hope everyone who sees this turns their dreams into a reality

[@overhansable]

Saw your stuff, nothing artistic in you omegasuperlul.

[@deliciousbatsoup]

@@overhansable ok dud

[@iraiteamtan]

Always a classic - I've watched it right at this moment for the 5th time now. Genius.

[@smohan123]

He sounds like Mitch Hedburg and that's a fantastic thing. Love this

[@codyaray]

Ha, my wife just said the same thing. (And Mitch is like her favorite comedian)

[@danielkaminske5048]

Escalators don’t break. They just become... stairs.

[@halo5557]

Long time for a response but 😂 you are so right I! miss Mitch Hedberg so much.

[@joneltorregosa51]

This vlog has helped me a lot. By a lot. Our or the society's typical rich are those that are riding expensive wheels, big houses, branded clothes. These material things makes us look rich but in reality will hinder us in reaching "retirement stage" slower. This does not, by any stretch of imagination, mean that we will no longer buy 'branded clothes' if it is just within 5% of our monthly income. However, material things can wait. Building 'nest eggs' is more desirable than expensive things. Thanks Mr. Money Mustache for the guidance. Keep safe. God bless.

[@schroederscurrentevents3844]

“Luckily we were born in Canada, so no one told us that was impossible. So we did it”

[@davidcrawford6505]

That's a lot of talking to just say: 1. Live life well within your means. 2. Do not go into debt. I did both. Joined the military for free college. Lived well within my budget. No crippling debt. I'm retired and work because I want to.

[@HiddenFreedom]

Very inspirational. I found you in 2014 living in a hotel room, looking to FIRE in 2022. Alot of it has to do with finding you.

[@Elic205]

Congrats 👏

[@HiddenFreedom]

@@Elic205 Thank you Jared. Much appreciated.

[@gh1Mikie]

Amazing!! So happy for you 👏🏿👏🏿👏🏿👏🏿👏🏿

[@HiddenFreedom]

@@gh1Mikie Save, invest, let time do the rest. A little sacrifice goes a long ways.

[@FrugalTeacherFI]

What’s your FIRE number? I am hoping to get there sometime around age 43-44 (8-9 years)

[@shootermcgavin991]

I really like this guy. Humble and funny!

[@bobbytheblade2550]

I retired at age 50 after planning for that at age 13. I remember a 1977 AD in a magazine: "Retire At 50", and I sent for the booklet. Guess what? SAME INFORMATION - more or less: Generate Money - Live Beneath Your Means - Invest Simple formula, and yet so few do this. Anyway, I am entering year 61 in a few weeks - no regrets and life in retirement is wonderful! My second oldest son will retire in his 30's. My oldest is making great money but living paycheck to paycheck. Wealth generation is simple but hard, because spending money needlessly is so much fun and brings such joy into life in the moment. Oh well, enjoy, and stay healthy, because you'll be working your whole damn life. I would never trade my security and autonomy for those fleeting pleasures - NO WAY! Some get it, most do not. FK 'em ALL!

[@alexharvey9721]

Simply spending less is a much more achievable goal for most people that earning more. So simple, yet so few people seem motivated to do it.

[@vr4class885]

Awesome speech 👏 I plan on assigning this for my students who are taking my financial literacy class this semester

[@ce5academy]

The BEST talk on KZbin - Thank you.

[@squirrelcity]

Thanks MMM! I've been reading your blog for the last couple of years starting at the first article, and working my way through. It's changed my life! For example, I literally went from living the farthest from my office, to living the closest, and I can now walk there in 10 minutes adding lots of free time to my day and money to the stash :-)

[@nunyaserrano9033]

Bought your freedom!....I love that sound as an AA woman with slave ancestry, oh it is my dream and I am well on my way there. I'm 46 but I didn't start out middle-class. I was born and raised in the projects but I am a small real-estate investor and Speech-Language Pathologist now. I love educating students with special needs and I love having the freedom of being a landlord. Work is certainly better when you don't NEED the money. So many investment strategies out there for building wealth. A new world opened up once I SOUGHT OUT the right education

[@JoshBatalibasi]

The purpose of WORK is to CREATE. The purpose of Earning Money is to Have Enough Money. What a great speech and the example at the end of Elon was an eye opener. Cheers legend!

[@제규형]

Work is better when you don't need the money is a really good quote. There's even a study that shows that people who work for financial gains gain less enjoyment than other people that don't focus on the financial points. Thanks for the inspirational video.

[@eneco3965]

Kinda defeats the point since money is exactly why people work.

[@marshhen]

What I find so inspiring about this is that it is about values and an ethical, happy way of life, connected to community rather than an individualistic, greedy, acquisition-obsessed rant like so may others (Dave Ramsey).

[@prateek_pk]

The comment section here holds a huge amount of experiences and life lessons. Glad to read so many different but alike perspectives.

[@randojones2030]

10 years. That's the number I came up with on how long it should take for me to be financially free. At one point not long ago I was saving over 60% of my income. I often daydream of what it would be like if I had started my financial education at 20 instead of 30. I can say with certainty that I would have reached my goal by now. My parents couldn't teach me this stuff for the same reason they didnt teach me Spanish, because they dont know it themselves. The school system couldn't teach me this stuff either because they dont know it. Truly the blind leading the blind. Thank you Internet, thank you Capitalism. Thank you America

[@jamesmilligan9496]

American schools don't teach you about financial education because they DO NOT want you to know.

[@nataliearciniega2103]

Is that sarcasm? Capitalism is the reason we don't learn financial literacy in school. They need poor ppl to work for them. You can thank Rockerfeller that "i don't want a nation of thinkers, i want a nation of workers." Thinkers gain wealth off the backs of workers.

[@Astillion]

I totally agree with the sentiment of this talk. I'm a construction worker and a writer. I know, that's an odd combination. However I only get payed for the construction, but I wouldn't do it if I didn't need the money. But I would write regardless, because that's what I've been doing for the past 20 years on my spare time, without getting payed. Within a year I will quit my job, hopefully for good, in order to focus on my writing. I've been able to save between 40% and 70% of my income for the past 6 years, and 1 more year should be enough.

[@leffew152]

This is such a great presentation. Mr. Money Mustache is one of my idols. Keep fighting the good fight!

[@Gustavo_Rojas]

great job! the audience loved him, and that made the talk much more pleasant!

[@miznikki2u]

I appreciate a more minimalist life the older I get

[@evanreiter747]

He explains it so well. The best thing he said is “it’s the best when you don’t have to work for money

[@SunriseKnight]

Glad you put this vid on your chan. I've shown many plp this and it tells the whole story.

[@zazakoch6935]

Sounds GREAT, but it takes BIG changes. Great advise!! A whole different way to look at $$!!

[@tkbuz]

Fantastic. I’ve been a MMM fan for years but had never seen this. Takes my respect and admiration to a new level!!

[@jacobhoughton557]

This was a lot to unpack in less than 30 min. Wonderful talk.

[@Brmlyklr]

Yvon Chouinard (founder of clothing company Patagonia) is also a great example of authenticity, just like Elon Musk. Check out his book if you can. I remember reading that Yvon was asked by Nike (or Adidas or something) "why don't people think we're authentic?" To which he replied, "well maybe because you're not. To consumers, you can't fake authenticity."

[@MrMoneyMustacheChannel]

Oh yeah, I agree wholeheartedly - Yvon is the absolute boss of kind hearted big thinking. He was on an episode of NPR's "how I built this" podcast which was the first time I've heard him speaking.

[@akapoka8732]

If you check the tags of your Patagonia clothing, you will find that you can send in any damaged piece of clothing by Patagonia, and they will repair it and send it back for free (besides shipping to and from I’m pretty sure). Just goes to show that they aren’t concerned about making clothing that sells frequently, but making actual good quality clothing that doesn’t need to be purchased often, which ironically leads to more people buying it. Great example of authenticity

[@anandmcmanus2111]

This is so beautiful and inspiring. Thank you so much for the great content. We are definitely living a life of overspending and I think we owe it to ourselves and our kids to do better.