How should I Invest $4,000/mo to Retire Early? | Afford Anything Podcast (Audio-Only)

[@affordanything]

Timestamps for questions: [01:51] - Stella is working toward FIRE and wants to know: how can she create passive income in her retirement years? Is a portfolio with stocks and bonds enough, or should she invest in real estate? [08:58] - Travis and his wife are also on the FIRE path, and are comparing their investment options. Travis is concerned about the inefficiency of reinvesting returns in real estate. How can you factor this into your decision when buying a property? [14:57] - Stephanie and her husband are also interested in FIRE (hooray!) and they have $20,000 to invest. How can they best use this money to help them FIRE sooner? [22:30] - Cade, a 24-year-old listener, wants to FIRE by age 30 (we’re on a roll!). He’s saving $4,000/month and wants to know how to invest these savings. [28:41] - Anonymous and their partner are taking a mini-retirement and have questions surrounding the logistics of healthcare. What options should they consider? [39:02] - On a different note, Amanda works in academia. After listening to Episode 12, she’s looking for tips on managing long-term, complex collaborative projects now that she’s in a leadership position. [47:41] - Steve’s question brings us to the topic of building an online business and social media following. Should he have one brand for all of his interests, or divide these interests into separate channels?

[@mannythompson8800]

Bookmarking your videos is greatly appreciated!!!

[@GrowthMindsetProductions]

*My* *strategies* *for* *an* *Early* *Retirement* 1. Replace active income with passive income sources (Real Estate Rentals For Cash Flow) 2. Reduce personal operating cost (Housing costs are typically the largest) 3. Automate income streams (Property management, online businesses) 4. Leave the 9 to 5 =) (Success)

[@Cingearth]

down size the house !

[@awolgeordie9926]

Wish I knew all this in my 20s.

[@ronwhiteleo3352]

Rental income is NOT passive.. your going to put in work with real estate...

[@Spedfree]

I also think its riskier than stocks when u include leverage atleast a bit riskier

[@mucusofwanderhome6945]

@@Spedfree it’s definitely more of a headache (speaking from 10+ years of owning rentals/investment properties self managed). I wouldn’t describe it as passive.

[@muffemod]

But my property manager does all that. 🧠

[@robertsalas3984]

my retirement plan os to win the lottery