How To Retire a Few Decades Early | Pete Adeney | TEDxBoulder

[@AnnaOllsson]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

[@PennyBergeron-os4ch]

Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.

[@FinnBraylon]

Generally speaking, a good number of people discredit the effectiveness of financial advisor in planning for retirement, For over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains… might not be a lot but retirement doesn’t seem so farfetched anymore.

[@HildaBennet]

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.

[@FinnBraylon]

Sonya Lee Mitchell has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@HildaBennet]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her.

[@MattsMkia]

Retired at age 53, I am in my early 60s. Because they couldn't understand the idea of not working if you don't have to, many individuals resisted me. I viewed my life in phases. In my latter years, I owe it to myself to "stop and smell the roses," even if I have worked hard to get everything I have now. My situation is that I retired and moved to Latin America. It made it possible for me to enjoy my new surroundings while escaping all the bad things that where going on in America. None of the people I've met regret retiring.

[@LUCIASMITH-d1z]

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 fund has grown way more than it would have with just the 401(k). Haha.

[@IamJonny-o4v]

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 dollars 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.

[@JacobsErick-u8r]

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.

[@IamJonny-o4v]

I definitely share your sentiment about these firms. Finding financial advisors like Melissa Terri Swayne 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.

[@winifred-k9e]

I simply Googled her name and her website came up right away. So far, it appears interesting. I emailed her, and I hope she responds soon. Thanks

[@kortyEdna825]

Perfect topic. I'm 3 years in retirement @57, did a good job in the accumulation phase with net worth of $3M+. The problem is I haven't spent any of it despite knowing I have no concerns of running out of money. Some minimalist traits that helped me save are not easily cast aside. I sense I'll be dead and gone with plenty of money left behind, but that was never a goal.

[@PatrickFitzgerald-cx6io]

I have a feeling I’m going to be in your boat too. I’m 52 and have $3mil socked away. I hope to retire as soon as next year. But I’ve been in a frugal savings mindset my whole life. That transition without feeling anxiety is going to be tough.

[@KaurKhangura]

Excellent video. I'm 63 and single with $2.3 million saved ($1.3 in Roth IRA). I bought a t-shirt for $80 last week. Today, I have five more t-shirts arriving. They cost $54/each. I grew up very poor (no toilet, shower/tub, bathroom until I was 10). I plan to move to Los Angeles in two years. It looks like I'll have to spend $1.5 million for a home. I'm trying to spend. p.s. I retired at 48.

[@NicholasHarmon-ow3jl]

I'm glad I found this conversation. I recently settled a lawsuit and would like to talk to your coach about investing for my retirement.

[@KaurKhangura]

I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with ‘’Aileen Gertrude Tippy” for years and highly recommend her. See if she meets your criteria.

[@NicholasHarmon-ow3jl]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@ajcab819]

“I’m too retired for this” - goals!

[@KevinMarks5i]

"Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit."

[@ChirsDaniel]

Great analogy! Climbing toward retirement takes effort, but the financial freedom at the top is worth it.

[@АннаВекшина-ю6б]

Great point, With my adviser’s help, I’ve climbed the financial ladder, making informed decisions that support my retirement goals.

[@ЛинаТарасовак6ы]

Great insight! I'd love to meet a financial adviser who can help me climb the financial ladder effectively.

[@АннаВекшина-ю6б]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@ЛинаТарасовак6ы]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@lilliankerr-z7c]

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 parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

[@LeylahCollins]

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.

[@alex-Yolan]

It's true, not everyone has access to this kind of information. Lack of knowledge can definitely make people panic. it's amazing that i’ve been able to make over $687k passively through investing with an advisor! Having a great wealth manager can really make a difference, regardless of how the economy is doing. Keep up the good work!

[@Sebastian_Marcos]

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

[@Michelle-Bennett]

Can you recommend any? I am in need of a Cfa to grow my retirement account.

[@Sebastian_Marcos]

My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Ji-Min-j7b]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[@JefferyDuns]

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.

[@RobbieNixon-d1w]

I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

[@PatrickLloyd-]

@@RobbieNixon-d1w How do I get involved in this? I am excited to take part because I genuinely want to build a stable financial future. Who is the main inspiration behind your accomplishments?

[@RobbieNixon-d1w]

Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@PatrickLloyd-]

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.

[@JeffreysSuttons]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement.

[@WaleraSchildhauer]

@RobertsArthurs Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.

[@JeffreysSuttons]

@@WaleraSchildhauer 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.

[@WaleraSchildhauer]

@@JeffreysSuttons MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.

[@JeffreysSuttons]

@@WaleraSchildhauer Thank you so much for your helpful tip! I was able to verify the person. She seems very proficient and I'm grateful for your guidance.

[@RealEstateIsLife]

The original GOAT of personal finance.

[@Liface]

This guy has one of the best blogs in the internet, one where you just agree with every single post

[@LeszekDeska]

I'll challenge that. First time I hear about that guy, but I hear here in that clip that he says that it's easier to cut spendings in half than to increase income twice. It's not true - to cut my spendings by half I would have to practicly resign from living my life (and my wife and three daughters too). On the other end - it's easier for me to increase my earnings and that's what I do (with success). So my family has good life standard and I can say that I have nice life. If I undestood his speech correctly he mentioned that he's not married anymore, I don't know why but I think I can try to guess ;) woman don't like people who cut spendings so aggresively - he said he spends 36K annually? In US? I spend much more here in Poland where cost of live if much lower...

[@rebeltheharem7028]

@@LeszekDeska Everyone has their own standards of what a "pretty good life" is. Your goals may be different from someone else's.

[@minnowx7099]

His wife was also frugal and the end of their marriage was nothing to do with money. They managed to settle the financial stuff without a lawyer. I think you should read his blog before you make assumptions on what you think he says. He does say save your income but also says if you are not earning enough to meet your goals earn more money. He has over 200 posts that cannot be distilled in a short talk.

[@LeszekDeska]

@@minnowx7099 I don't know anything about him or his marriage, I was just surprised by numbers he gave. Anyway it's his life and his choices. I will read some more on his approach if I have time - might be interesting even if it's completelly different approach than I have.

[@eddiemalvin]

I don't know whether I agree with *everything* he says/posts. In this video he says that "rich people" do "all the consuming of natural resources" which is patently false considering that they represent a small portion of the US population. I think he meant they consume a disproportionately large amount of resources and he meant rich people relative to the world population which is most of the US population including the middle class not just the wealthy. Having said that, he runs a great blog and I appreciate all that he's done to educate people on how to "break free" of our self-imposed financial shackles.

[@Daniel-b1s3s]

At 32, I'm diving into investing for the first time. I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions. My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner.

[@DanöVee]

There are so many choices to make, and for beginners, it's often best to entrust daily investment decisions to an experienced advisor.

[@Toni__Michelle]

I completely agree-having a professional manage my investments has been invaluable. My job doesn’t allow time for in-depth stock analysis, so I entrusted an advisor with my portfolio. I’ve been fully invested since the COVID-19 outbreak, and I’m happy to say my portfolio has grown fivefold in just five years, reaching nearly $1 million.

[@FrankJaaay]

Impressive gains! Who's guiding your investments? I’m excited to invest for my future retirement, but I'm unsure where to begin. Currently, I’m only contributing to my 401K through my employer, but the returns have been slow.

[@Toni__Michelle]

Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.

[@HotManP-l5g]

Thank you for the recommendation. I was curious, so I looked up Rebecca Lynne Buie online. Her consulting page came up at the top, and I’ve scheduled a call. I've heard about advisors before, but none have looked as impressive as she does.

[@BrewerVera]

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

[@FaithAndrada-xo9ou]

Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@Raymondcraw1967RaymondCrawley]

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 $800k

[@AndersonFair-cy2bb]

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

[@Raymondcraw1967RaymondCrawley]

'Amy Desiree Irish' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@AndersonFair-cy2bb]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@fairlyfrugalph845]

I love listening to him talk.

[@User12345fan]

I didn’t know anyone would be not nice to him. The guy is brilliant. I love his provocativeness. I am like that too and they call me rude. They don’t like to be told they overspend.

[@aussieoranges]

I agree! I was a long time reader, and his posts are overwhelming hopeful and positive. He pokes fun at wasteful spending, but overall his message is about the joy of hard work, civic duty, being an involved father and changing the world for the better. He's always trying to help - why would people try to tear him down?

[@DonaldMark-ne7se]

I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report

[@JacquelinePerrira]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@Jamessmith-12]

My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience

[@kevinmarten]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@Jamessmith-12]

'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.

[@kevinmarten]

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.

[@wildfoodietours]

One of the OGs of the FIRE movement. Here's to ultimate freedom.

[@J52d-g]

His marriage don’t survive.

[@AK-pg2ud]

@@J52d-ghence the “ultimate freedom” part

[@J52d-g]

@@wildfoodietours wrong. A good marriage is more valuable than whatever he’s traded for it.

[@stevenbeardsworth8389]

I’m a long term MMM fan, but my 2.5%, 300k mortgage costs me 20k/year alone. Daycare is another 18k. We’re in a good position, but living off 30k per year is wild.

[@caseyrichards3212]

Daycare is a relatively short term expense and your mortgage cost is really only $7,500 because the other portion is buying back your asset from the bank. Great work!

[@MurderMostFowl]

Pretty sure he has his house paid off and his kids are not in daycare. Congrats on the 2.5%. Don’t even think of paying that off early. You are literally close to the inflation rate over the span of the loan. Take any extra money you have and invest it instead.

[@rebeltheharem7028]

Honestly, you have a pretty good mortgage. But since its only 300K, and bought during 2021 or so, I would assume you live in a place with a lower cost of living, and thus, have lower wages as well.

[@rebeltheharem7028]

@@caseyrichards3212 Indeed. With an APR that low, the majority of the mortgage goes to the principal, which is just getting more equity in the home.

[@drewshouse]

It’s incredible. Annually, our mortgage is 45K, and childcare is 60K. Haven’t put food on the table, and spending 105K.

[@wadeharris348]

I think retirement is great when you have a plan and find something more meaningful after the regular grind. It's the start of optional work, not mandatory work. Do work you actually enjoy doing without the reliance of a paycheck. Maybe go mow lawns like Forrest Gump just for fun because you don't need the check. That to me is retirement. To be able to walk away from a situation that I don't need anymore and now can pursue work more meaningful without having to rely on somebody else and have to take care of others forever.

[@K4R3N]

I want to coach tennis. I want to work outdoors, with people as opposed to sitting indoors working with computers. I got my coaching certification last year but I still have my computer job, it's easy and pays well. I have 3 kids to put through college also. But I'm minding my spending, maxing 401k and still saving monthly on top of that.

[@wadeharris348]

@@K4R3N that’s great! I wish I had an easy job that pays well haha. I have two degrees and still can’t make a decent living. I chose the wrong field lol.

[@K4R3N]

@@wadeharris348 yeah back in the 90s computers were "got" so I just followed the money and got a computer degree. It's pretty boring work but steady pay and the teammates are generally cool but the bosses can be annoying. Luckily I have a good manager now and I'm hanging on for dear life! Just another 5 years to go 😭

[@wadeharris348]

@@K4R3N follow the money brick road, follow the money brick road, follow, follow, follow, follow, follow the money brick road :)

[@H..M..]

Figuring out what you want to do is the most important thing about retiring.

[@nerdcave0]

It's wild how some people can say such seemingly uncontroversial things like, "it's better not to live on a financial cliff," and out come the pitchforks.

[@MTtroutfisher406]

Awesome!! This is awesome! Go MMM!

[@Raniyanhunter]

I just turned 48 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 55. How best do I maximize my savings of over $260k

[@garnold-l5p]

Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.

[@Mlanderos-t9e]

Many people often underestimate the effectiveness of a financial adviser in planning for retirement. Over the past 5 years, my FA has consistently restructured and diversified my portfolio and expenses, resulting in over $1 million in gains. While it might not seem like a huge amount, retirement now feels within reach.

[@Anessa-gibson]

Hello, I'm interested in trying this out. Who is your FA, I'm gasping for breath. Have been doing things myself but it's clearly not working

[@Mlanderos-t9e]

Judith Lynn Staufer 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.

[@Anessa-gibson]

I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks

[@tonysilke]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[@mikeroper353]

Diversify your holdings across several asset types to reduce risk rather than putting all of your eggs in one basket. If you don't know a lot about finances, speak with a financial expert.

[@PatrickLloyd-]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

[@PatrickLloyd-]

Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@PaulKatrina.]

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.

[@JohnSmith060]

This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?

[@PaulKatrina.]

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

[@BellamyGriffin19]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@PaulKatrina.]

Finding financial advisors like Melissa Terri Swayne’ 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.

[@ChristianKelv]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@JoshuaMartins-sr7ez]

I just turned 54 and awfully late to investing with barely any portfolio except my 401k. I have a decent amount saved up and with inflation and tax rates. I'm getting worried about retirement. How do I best optimize my savings?

[@Adam-dm8wg]

Retirement is a bit more difficult than it was in the past, it's all about balancing your risk tolerance with your long-term goals. Consider speaking to a Finance advisor to help in diversifying your portfolio to spread out the risk.

[@FedrickWhite-jo2ed]

Is it? I honestly think the market is looking good, but I still believe having an advisor is crucial to navigate the market and moderate your risk especially if you're planning for retirement. Their expertise can really help you make informed decisions.

[@RomanFranklin-lr3ri]

Agreed, I've always delegated my finances to my advisor, since suffering major portfolio loss early 2022. I'm now semi-retired and only work 7.5 hours a week with barely 25% short of my $1.5M retirement goal after subsequent investments to date.

[@ArianaFelicia-cw7oq]

Impressive!! How can I contact this Advisor? My portfolio has really underperformed, and I need guidance.

[@RomanFranklin-lr3ri]

My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend searching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

[@SteveTyurin]

I'm just starting to invest, and honestly, I keep hearing so many mixed opinions about asset allocation. Some people swear by ETFs and index funds because of the broad market exposure, but others mention how underperforming stocks within them could dilute returns from stronger performers. It’s got me wondering, should I be more cautious with my choices, now? especially after seeing my portfolio take a hit right as I started. I’m focused on hitting financial independence early and I’m not sure if I’m overthinking this or not

[@RobertNoppers]

I’m nearing retirement myself, and I had similar concerns. I started investing later than most, and just relying on ETF compounding wasn’t cutting it for me either. After working with a financial advisor, I managed to restructure my investments and am now on track to retire with around $5 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now

[@SteveTyurin]

I’m trying to figure out the best approach for my portfolio. How did you find your advisor? I feel like I need that kind of guidance

[@RobertNoppers]

I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you

[@SteveTyurin]

Thanks for that. I did a quick search and found her page. I was able to email so I sent over a few questions to get more info. Appreciate you sharing

[@jinwingbu4717]

@SteveTyurin one of the best interview for asset allocation is Meb Faber on excess return who quote the Talmud (Basically Old Testment) Portfolio which is all about having a get rich bucket (offense) and a stay rich bucket (defense) and then a little sprinke of lottery ticket. Listening to that may give you an idea.

[@Johnsmith46392]

I retired 8 years ago on my 37th bday. It has flown by! I read his blog from cover to cover after realizing there were more out there like him, but I still don’t see it catching fire. Pun intended.

[@bwaahahahaha]

Picked up cycling all because of Mr money moustache!

[@fairlyfrugalph845]

Pete's not aging at all.

[@hitchjack]

Because he retired early he glitched the system.

[@cmerr2]

Hasn't had a career and exercises constantly

[@jimv77]

Job = Aging BTW, Bill Gates has not aged well even with money......

[@Elendris]

@@jimv77 Bill Gates works...a lot...like Elon Musk and such folk...they enjoy it...but they still work and stress their asses of

[@user-yq9xk4hx6h]

It’s funny how all these comments became an ad platform for financial advisors (and the way the ad is done is hilarious 😁)

[@kennethso6811]

He’s still working. It’s just not what he used to do. Probably making more money than before

[@earlyretirementari]

I’m the host of the Early Retirement podcast. I agree with a lot of this, but most of my audience doesn’t want to live on $35K/year. Yes, they could - but they don’t want to.

[@SFsailingbiking]

No wonder they all are still working in that case.

[@BVdL88]

finally! i was waiting for this!

[@JaNouWatIkVind]

His blog is very useful. Very engineery too, therefore, helpful 😊

[@NormanOkada]

Retirement means I get to take back my clock. People don’t understand that.

[@fabio.1]

Exactly

[@K4R3N]

Retirement means you don't need a clock! ⏰ 🪓

[@eddiemalvin]

People don't understand that? I think almost EVERYONE understands that. That's precisely why they want to retire.

[@billycaymann]

Yes to early retirement. Life is meant to live.

[@unikornkontroller]

What people miss when judging Pete is yeah, he made good money and saved. But it's his ideology on DIY, anti-consumption and being efficient that should really be studied. All of that contributed to his success.

[@alphabeta8403]

2:50 FIRE 6:00 Leisure Engineer

[@MarkJoe-e7f]

I just turned 41 and I’m awfully late to investing with barely any portfolio except my 401k. I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement. My intention is to retire at 65 at least. How best do I maximize my savings of about $300k?

[@BarryWhite-h9m]

It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.

[@gregorywhem]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@NormanGhali]

I've been wanting to connect with an advisor. Could you help me get in touch with yours?

[@gregorywhem]

Marissa Lynn Babula is the licensed advisor I use. Just search the name. You’ll find necessary details to work with to set up an appointment.

[@gregorywhem]

I'm hesitant to make recommendations like this online so I can't drop her contact here, but you could look her up yourself and contact her if you wish. Her name is Marissa Lynn Babula.

[@mikebikekite1]

I retired at 50. I'd paid of my main home and another home in the mountains. I earnt an OK amount rather than a fortune but I didn't have expensive tastes so it wasn't that difficult. I have my own fun projects, I play tennis and I help out working at a local charity so I'm fairly active but the simple problem for me is that my wife hates that I'm not working. It actually causes quite a few issues. Any solutions (apart from going back to work)?

[@aprilracine]

Start with finding out why exactly why does she hate you not working.

[@TheRealEdStoner]

If you can stay with your parents your first few working years and save as much as you can it’s definitely worth it

[@frankyu6984]

Just stay forever

[@TheRealEdStoner]

@@frankyu6984 I’m 66 and would even buy a big house for both my daughters and their families to live with me if they needed to but fortunately they don’t need to.

[@kwokweng76]

Awesome Pete

[@sameersmerchant]

Woohoo, Go Pete!

[@RaviMishraa]

I am retire with Real Estate rental income. But still working as a fun to create wealth.

[@Rogerederer-b2r]

Most people miss it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.

[@Godsgift-p8b]

This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?

[@Rogerederer-b2r]

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

[@Chrishat-x2j]

Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilise them before I start bothering about retirement.

[@Rogerederer-b2r]

Finding financial advisors like Sonya Lee Mitchell 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.

[@Chrishat-x2j]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@VideozForFun]

I genuinely thought it was Ryan Stiles doing a TEDtalk

[@albertoclonado]

It's so easy to cut costs in the US when childcare costs over a $1000 per month, you need to have two cars to move in the suburbs and be a member of society, and pay over $1000 for health insurance for your family

[@kelleydonovan770]

MMM might suggest you are choosing things that create expenses that could be “un”chosen. He and his wife had one very small car. Lived where he could bike for everything and rarely used that one car. No suburbs for him. Saved an amount where he could live on interest and dividends. He shares repairs with friends and trades favors for things and appreciates the friendly community it creates. I’ve followed him for a decade and he changed how I look at my life. It’s not a deprivation life. It’s a life that is curated to maximize a desire for freedom over the way you spend life’s hours. Many people cannot even fathom the changes he suggests. But choices will open up if you do what he says. He’s so detailed in his blogs. Maybe go look. He super simple in his life.

[@paulbernitt4280]

Nothing beats compounding interest with investments in a mutual fund over time. Nothing! Once you have the money you need to live on the interest of the investments for the rest of your life, there are a lot of other options that open up to build a legacy and give back. FIRE is not about retiring and sitting in a rocking chair watching life pass you by with a full belly and a roof over your head. Just know the boring path of investing in a mutual fund ASAp is something that is proven over 100 years. Get to $1M and live off the interest for the rest of your life. The wealth does not bring happiness, but the life worth living does.

[@klnrklnr4433]

better off in etfs than mutual funds due to fees

[@fabio.1]

I agree ​@@klnrklnr4433

[@user-id8ng9eq9h]

IDK. If you live anywhere near a major city, you need to have at least 60k per year (after tax) of income just for reasonable housing, food and transportation and that’s just for a single person

[@kennethso6811]

He retired from his engineering job. But, he created a new source of income from this fire movement. People should not rely on the 4% rule without have a side gig.

[@george-us-them]

Where’s the actual content?

[@gabrielludlum6248]

Anyone else think this was Ryan from Who’s Line is it Anyway?

[@weyantpc]

Thomas Aquinas - "Without work, it is impossible to have fun." Whether intentional or not, the marketing for FIRE makes people hear "Quit your job, do nothing, be unproductive and be lazy." It should be rebranded as "FREE - Financially Released Engaging Employment" Sadly, that is a mouthful and about a 2 out of 10. The FIRE acronym is much better - 10 out of 10. Maybe it should be "Financially Independent Realigned Employment" - still not as good, but (IMO) a healthier way to look at the concept. Albert Einstein - "Strive not to be a success, but rather to be of value."

[@emilsisorganizandote2688]

You sounds very smart.

[@eddiemalvin]

"Recreational Employment" is often used but that also misses the mark. Perhaps it should be left at "FI" and we can stop trying to create a universal definition of "retirement". What happens after "FI" is entirely up to the individual.

[@elliotpollard9083]

The money guy says FINE - Financially Independent, Next Endeavour

[@elindbe3]

That makes sense IF you can find engaging employment. That's extremely difficult to do and more and more jobs these days are specifically designed to be boring because they are filled with rules, processes, meetings, DEI trainings, etc.

[@bobknob8440]

I get that he retired early on an amount of money and says he only spends about $25k or maybe $36k a year now, but what some don't realize is he has invested in businesses that made money and he gets money from webpage so his income is pretty good. With that he was able to build a nice house and have expensive vehicles paying them off quickly. I just don't want people to think that low income will get you to where he is in just 10 or so years like he preaches. His basic advice to live below your means and put money toward your future is sound.

[@User-pu3lc]

The number of bots in this comment section is wild.

[@charlieb7728]

I know he said 35000 and he retired a while ago but I do wonder how much he makes with his blog.

[@iainbrewin]

37 now... looking to retire at age 56... just putting as much as I can into tax sheltered index funds

[@Daniel-ef7nk]

As I read the title I was hoping to get some magical formula to save a million dollars in the first 10 years of my career

[@aprilracine]

My “Magic” formula was I paid off my debt $78,000 in five years(low income job)while still investing 6% into my 401k. Then I started a brokerage investment account to bridge me over from 50 to 59 1/2. After 59 1/2 I can access my 401(k), which is now a traditional IRA.

[@SteveLastname715]

So if you live on $40k per year you need $1 million? Why didn't I think of having a million bucks lying around?

[@eyb0ss317]

So basically this guy saved / earned through investment an average of $125,000 a year for the first 8 years he worked out of college, assuming he had a tech job which required a degree? How is this feasible for the average person. Maybe we could retire at something like 45, but 30 I’m just not seeing

[@Thomasdavis-u6h]

I'm 63, retired, and I've had my money in S&P 500 funds (100℅ stock) since I started investing. I have made a great deal of money with my FA Kathie and I see no reason to change. The S&P 500 has made an average of 9.8% returns over the past 100 years. International and Bond funds are losers in my opinion because they don't make much money. This is just my amateur opinion which may not work for everyone

[@Sharon0154]

How did you manage to succeed? I want to invest more wisely because I have a lump sum that inflation is slowly depleting

[@Thomasdavis-u6h]

Finding FAs like Kathie Daisy Bosco 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.

[@Sharon0154]

Thanks for sharing, I just looked her up on the web because this is equality important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@fizeekpoaster]

This comment and the every comment after literally read like bot replies.

[@mbport2004]

​@@Sharon0154Like he said, just put it into a cheap S&P 500 index fund and watch it grow, easy.

[@stephtraveler7378]

Great guy with awesome frugal living tips. But it ends there. Full disclosure: avg home price in his community is $560k. How did you buy a home, pay for Engineering degree, and raise a family on $40k/yr..... Wife is corporate worker that carries benefits and higher than avg income in Colorado. His income is significantly higher than $40k. He has revenue from producing a full length motion picture, his blog, YT, and lecture circuit. Do you think he did this interview for free? I still think he's a great guy, but his message can be misleading to people thinking the FIRE movement will get them what he has....

[@minnowx7099]

Have you read his blog? He also bought his house in Longmont before it became popular. He did not get any money from the movie - and in fact it was not that successful financially. He did make money from the blog but initially that was just to cover the cost of hosting etc. That was probably more successful than he first expected and I am sure he is still making an income from the ads on that but he posts very rarely now. Most people don’t get paid for TedX talks. If you read his blog he does say he has earned money since he retired but he still lives on $35k a year. His mortgage is paid off and walks or cycles most places.

[@You1uji]

The gall of Pete Adeney claiming to be the grandfather of the F.I.R.E movement is shocking! The main ideas behind the F.I.R.E movement originate in the 90s...specifically with the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez. Read that book and you will have all you need to know.

[@vegasstang1]

Yes! I knew about and read the book before I heard about MMM.

[@KrishnanV9]

Totally agree! Heard about Vicki robin before MMM. May be he can claim that he was one of the first few to follow what was shared in that book knowingly or unknowingly and managed to retire by 30. But, he was probably too frugal in doing so - which may not be everyone cup of tea. Ultimately there is no one size fits all. You can love your job and work as long as you wish to. However, financial independence for the average Joe earning median income reasonably early(say 50, as most people would not know what to do with time if they retire too early anyway) and living below means are quite important.

[@not_a_sp00k]

That is such a weird takeaway from that segment, he literally addressing this directly.

[@ayeyebrazorf8066]

This and early retirement extreme

[@7SideWays]

FIRE titles are interesting. I go with retired onion peeler. I get foodworker job opportunities on LinkedIn😂

[@frankyu6984]

I'm 44 and have been retired since i was born living with my parents.

[@GurunG-sv8lb]

yes sir

[@GenoLewan]

It's all good if you have the capacity to work a job that allows you to not live paycheck to paycheck even while living frugally. I make a solid paycheck and save money but I know so many around me that are working their asses off and would never be able to do this.

[@Mostly_bad]

The US stock market is the 8th wonder of the world. Save your nickels and invest! It’s hard to build that first snowball but once it starts rolling, it gets big faster than you would think.

[@MesutMilleliri]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.....

[@brianstjohn]

Only downside: he lives in Longmont.

[@jimbojimbo6873]

Funnily enough he’s making money through these appearances

[@braxtonm9712]

Did this guy save money by not showering and not washing his shirt

[@rebeltheharem7028]

Even as a single person, I think 36K a year in expenses is way too low. But if he owns his house, then its understandable.

[@Zaerki]

I spend about 18k

[@elindbe3]

The $36k is with a paid off house

[@chrisf8143]

So, the guy talking about retiring early has a paid gig to talk about retiring? Something doesn't seem legit here...

[@CHWEESE69]

Pete’s 100% correct. If you are attempting the same thing as a man, be careful as most of the times, if you are married, since hypergamy is hardwired into your wife’s brain, you might risk losing her. They like providers. Happened to Pete. Have a plan, this is important. Otherwise you might have to go back to work!

[@minnowx7099]

His break up with his wife was not about money, she is also frugal and they settled the financial part without a lawyer.

[@J52d-g]

Mental health suffers when you sit on the couch all day

[@minnowx7099]

@ That is not the sort of retirement they mean. They mean not working for money but doing things you love instead without the need be worried about your living expenses. This may include a job for something like a charity or volunteer work or a craft business (Pete’s ex-wife started a soap making business my friend started his own ballroom dancing school) . 3 out of 4 small businesses fail in the first 2 years because people need money to live on to sustain them - without that problem anything is possible. And it is also possible to stop it when it is no longer fun.

[@J52d-g]

@@minnowx7099 most people will not get up and do something if they don’t need to or aren’t getting paid. Sure they have good intentions but most are not disciplined.

[@minnowx7099]

@ Well I certainly am! So, I can only use myself as a guide! I think most people motivated to retire early will also be motivated not to sit on the couch!

[@ManishSabu-c7n]

The 25_Times_Expense is too simplistic to be practical. I have been keeping track of my expenses for decades and no two years are ever identical. Let me explain with an example, during COVID shut-down our expenditure was quite low because we worked from home and didn't go out to eat. Also, all the home improvement projects where put on hold. However, a couple of years later when COVID shut downs ended, the floodgates opened. There were some fairly pricey home improvement work that got done in a compressed period of time and those years are showing a significant uptick in expenses. So which number should I use? The one from COVID or the latest? Both are wrong because they don't represent the actual expenditure that I will have in retirement. A more realistic number is taking an average of the past 5 years but that is just intuition. I have not found a scientific reasoning for it in the FIRE literature.

[@elliotpollard9083]

Why would anyone not take their average expenses? When you get to 25x, you don't just go "oh that's me, I quit", you do some financial planning and forecast future expenses. If you have less than 10x your annual expenses invested, 25 is a nice easy number to aim for. The closer you get to it, the more you need to do actual planning but there is no need when it is far off in the distance. "The Psychology of Money" is a great book on why you should save money regardless of your goals (spoiler alert - nobody is sure what the future brings, so everything has to be done based on odds, which means you can't put all of your money into one thing)

[@mthreezo]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@GersderaNioer]

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.

[@RicardaWindsheimer]

You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@MemoryKasu]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@RicardaWindsheimer]

My CFA ’Stacy lynn staples’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@bernadofelix]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@realgoose5471]

Do what you love and want to do. Then is it really work at all??

[@brianl.8610]

He’s not retired he is writing books and giving speeches.

[@kevinbombace3770]

Retired at 20…11 days before I turned 21…thanks camp lejuene water and DOD retirement…..

[@ericlima4617]

I retired at 35. Only in corporate America for 9 years. I also took 1 year off to semi retire. I don't get why people sign themselves up for a lifetime of slavery. I'm glad I escaped

[@yonchrr]

I would rather go to work, spend on whatever I want and enjoy my career.

[@harrishistoria]

Doesn't sound like FIRE is for you.

[@fabio.1]

You're lucky you feel that way, many or most don't enjoy their jobs

[@elliotpollard9083]

Everybody gets hung up on the retirement part. Financial independence is the goal because it gives you choices.

[@barryyoung]

He’s not retired. He is making a ton of money doing things like TED talks

[@JaNouWatIkVind]

He makes money, but he doesn’t have to. That’s the retirement part.

[@JacobBurchell]

He has zero financial reasons to work, he does the occasional speaking job as and when he feels like it. That's the beauty of retirement.

[@barryyoung]

@@JaNouWatIkVind nope that’s financial independence. retirement definition : the action or fact of leaving one's job and ceasing to work.

[@stuart_h]

The term ‘Retirement’ means different things to different people; for me, it’s freedom from mandatory work (because you need the money). Choosing to do whatever you want with your time. And it’s awesome. And I choose to do things I happen to get paid for some of the time - but I would choose to do them anyway, and have complete flexibility over when, what and where.

[@SuperKamiNeko]

That's why many say that the FI part is the most important part of FIRE. Once you have you living expenses paid for (FI), you do which ever you prefer between : Retire Early Recreational Employment (work but not because you need the money)

[@larrymelman]

Adeney was hardly the first person to "discover" the notion of living below one's means. Nor was he the first to drop out of the work force. So why does he get all the credit for these things? Why has he cashed in zillions of dollars from his blog, which is really what allows him to life his Life of Leisure? Why does he have a huge adoring cult? My great-grandmother used to tell us to "save our pennies". Maybe she deserves all the credit.

[@BlakeLennonMusic]

I haven’t really followed or researched the details on this. However I’d imagine it’s more than likely because his timestamped blogs can be found online. People could more easily find his message in the digital age rather than your grandmother’s message. MMM’s stuff gained traction and a following. (Your grandmother and MMM both have great messages, BTW. 😊👍) Is there a particular reason you ask? Are you not a fan of Pete personally? Just curious.

[@BlakeLennonMusic]

He claims to be a naive Canadian and even claims in this video that “it’s probably not true” about him popularizing the “FIRE” term. I guess I’m curious where the is discussion would be heading. 🤷‍♂️

[@larrymelman]

@@BlakeLennonMusic He and his followers imagine themselves to be a "community" of the Enlightened. As if no one else could possibly have devised concepts of living a fiscally responsible life. That undertone is very clear in all their content. And indeed, most of them never "retired" in the traditional sense of ending paid employment. They've all merely re-careered themselves as influencers and content providers and event promoters.

[@stuart_h]

Perhaps because he presented an old idea in a contemporary way that resonated with a large number of people at a time when many felt squeezed. There is nothing new….but timing and presentation is everything isn’t it? That’s hardly rocket science….

[@alexbrady6049]

He became financially independent/quit him job several years before he even started the blog. He's also donated large amounts of his blog's income.

[@martinhession4954]

It's sad how everyone now are in a rush to retire. How depressing to have nothing to strive for decades

[@dawidwtorek]

That is qrong way to look at it. Once you achieve FIRE you can focus on work that is truly meaningful.

[@jgtennis9754]

How depressing to think that the only thing to ever strive for is your job!

[@books4739]

any recommendations? I'm serious

[@Frankeex]

How sad to base the majority of your life on the pursuit of money.

[@VitalBigras]

Vicki Robin was there way before him 😅 and now he is claiming to be the grandfather of the FIRE mouvement 👎🏻

[@ryanwilliams989]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@BiancaSherly-qt6sb]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@hunter-bourke21]

Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.

[@maggysterling33254]

@@hunter-bourke21Impressive can you share more info?

[@hunter-bourke21]

Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

[@TheresaAnderson-kf5xw]

Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call

[@michaelwiebeck3]

I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report

[@Olsontim21]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@Dantursi1]

My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience

[@Derekhoffman312]

@@Olsontim21 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@Olsontim21]

I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up

[@Derekhoffman312]

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.

[@LesterHess-t1x]

I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report

[@wmwoods-l4f]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@j.ottinger]

My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience

[@PaulaCarbonell-n7j]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@j.ottinger]

I'm guided by “Annette Marie Holt” an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

[@j.ottinger]

My financial advisor is Annette Marie Holt” I found her on a CNBC interview where she was featured and I reached out to her afterwards via her website