How to Retire As Early As Possible (Starting from $0)

[@ChristopherAbelman]

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.

[@JosephineKenney]

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.

[@JosephineKenney]

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.

[@crystalcassandra5597]

Thank you so much, this is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.

[@nicolasbenson009]

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

[@Jersderakerguoe]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@KarenLavia]

Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.

[@KarenLavia]

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.

[@CraigLloyd-fz6ns]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@Mitch10bands]

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

[@Richmind-ir5zi]

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.

[@Marianela-r3v]

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.

[@Doracox22]

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.

[@Marianela-r3v]

Kristin Amber Landis"" 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.

[@Doracox22]

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.

[@Riggsnic_co]

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.

[@Jamessmith-12]

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.

[@JacquelinePerrira]

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.

[@kevinmarten]

How can I reach this person?

[@JacquelinePerrira]

'Carol Vivian Constable’ maintains an online presence. Just make a simple search for her name online.

[@kevinmarten]

I checked Carol up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

[@m1_96]

Super cool video ! Do you think amazons ZRT44H will pump before ETH ? I ask myself if there is a pattern in the order of the altcoins pumps.

[@freedomisEexpensive-08]

What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk

[@NotyourBusiness-urto6]

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals

[@MiddleclassAmerican-7220]

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@freedomisEexpensive-08]

Pls who is this coach that guides you? I’m in dire need of one

[@MiddleclassAmerican-7220]

My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.

[@freedomisEexpensive-08]

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

[@truenoff544]

Never would have imagined that my ZRT44H bag would be as big as my quant bag and bigger than my hbar bag but here we are.

[@DorathyJoy]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[@RaymondKeen.]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@RaymondKeen.]

In fact, I'm not sure whether I'm permitted to say this, but I'd suggest searching for “Margaret Johnson Arndt” as she gained a lot of attention in 2017. She is both my coach and the manager of my portfolio.

[@Farmwald853]

Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2022.

[@LagerthaJackson]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@SallyW414]

@@LagerthaJackson The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@AustinButler-kd4ny]

Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

[@mbank3832]

But index fund is safer than individual stocks

[@grimbles39]

This bot forgot to do a name drop xD

[@behiyesabirlar]

Im DCAing in ZRT44H as well. ETH heavier DCA and ALGO. Im taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

[@rokkralj9786]

Beware, scam.

[@randxalthor]

Just a small note that the average life expectancy of an American and the life expectancy of 64-year-old American are different. Someone who's already survived to 64 in the US is expected to live to an average of 82 years old for men and 84 for women.

[@humphrey]

ah, thank you!

[@mariov5035]

Great point!

[@skymakai]

This is our concern. With the way things are going in America and the potential lack of good healthcare, it's hard to expect to live a long life. When we're 65, we'll see how we're feeling then!

[@oreln640]

Awesome comment! Did you read Nissim Taleb book? ;)

[@Robert-zc7wj]

​@@skymakaiFacts!!

[@philochristos]

I'm saving about 90% of my pay right now, but that's only because I'm homeless and my job is paying my travel expenses. This job only lasts until the middle of next year, but I'm saving like crazy between now and then. I hope to retire in three years.

[@Asunaezra]

I hope you are able to :)

[@williamarmbruster4487]

This dude just casually drops the most helpful and easy to understand financial videos on all of youtube

[@humphrey]

ty sir :D

[@queenpayal8956]

My ZRT44H shorts are doing pretty well and I plan to hold much longer.

[@rokkralj9786]

Scam, beware.

[@faizali6887]

Now we just need to see the ZRT44H price also move in the same direction as these charts. Up. Very Up.

[@rokkralj9786]

Attention, this is a scam.

[@Casey-summer]

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.

[@Gallo-firestone]

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.

[@Buffet-walton22]

One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.

[@sloanmarriott5]

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.

[@lilyhershey1]

​ *@shirleygarland4766* I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.

[@sloanmarriott5]

CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.

[@PatrickLloyd-]

I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement

[@Nernst96]

It is advisable that you disperse your wealth now that you are retired and dependent on your investments. You might assign your resources with the assistance of a financial expert to streamline the procedure.

[@PhilipDunk]

I discovered an expert who really assisted me in growing my portfolio from $275k to about $850k in two years since I needed a substantial push to help my declining stock portfolio stay afloat.

[@PhilipDunk]

My advisor is ‘“Vivian Carol Gioia”, 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 fina-cial market.

[@davidpratt4549]

Humphrey - your stuff is outstanding. I teach personal finance at the high school level and show your videos often. This one is sooo good for kids to see how to manage their money with huge goal of retiring at a younger age, to save, to sacrifice a little bit, to work hard for what you get. Appreciate your efforts!

[@humphrey]

thanks David, I appreciate that!

[@mulletsquirrel]

I'm 35 and married with 3 kids. We really struggled to manage money in our 20s and into our early 30s (collections, car repo, CC debt, no saving, no investing). Now I'm really feeling the pain of missing out on those 10 years for compounding growth of investments. Trying to turn things around is tough though, lifestyle creep is real! Trying to increase our savings rate little by little hopefully up to 50% in the next handful of years. Thanks for this video, it is easy to understand and encouraging!

[@bubblyunicorn]

50% savings is not realistic for anyone. I recommend reading, “I will teach you to be rich” by Ramit Sethi to get a better idea of what your fixed rates, and saving rate should be, also having money left over for fun things.

[@cashflow68]

I fully retired at 58 with no debt. My investment portfolio is 1.7M and living off a small pension and dividends. I do not include my paid off house part of net worth but a liability. Yes I have no payments, but I have the usual maintenance , property taxes and home insurance. I started the FIRE movement back in the 1980's. I will be filing for my max SS in 3 years when I reach 70.

[@helenrhettgordon696]

Interesting video; I wish I had more time for experimentation, but I'll be 50 by June, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $5 million by the age of 65.

[@bigslacker666]

You don't need to retire to enjoy life, I would say a better framing of this idea is around financial freedom, so that you can choose where to put your efforts rather than having to in the interest of paying bills. Because you'll want to have some effort and purpose in life, it's one of the pillars of longevity.

[@TylerofSc004]

I’m 55 from Sri Lanka but worked overseas in USA all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management??

[@hellosky143]

Humphrey, I just want to say ‘Thank You’ for all the valuable videos! I don’t know if you get this enough but you are helping so many people by making them understand and learn basics of money management and finance! Love your videos man, keep them coming! You’re doing a great job!

[@humphrey]

thanks Sai! I appreciate your comment, it makes me very happy to hear that

[@randxalthor]

Great video with a great message! Maybe worth noting that a 4% spend is based on a study providing a 95% chance of not running out of money over 30 years. For longer retirements, SWR is lower, as Humphrey alluded to. Very early retirements may need an SWR of as low as 3% to weather historically bad downturns based on historical data.

[@humphrey]

thanks Rand, there is a relationship between SWR and how long your money can last. I dive deep into that on the other video about the 4% rule.

[@aureliobjm]

I retired as interpreting for deaf. I retired at 55 with $2.6 million in net worth and no debts. My State retirement in GA was $1,700.00 SS was $1,400.00 house paid for and car paid cash. My interpreting for deaf 5 years was $55,000.. so for me 55 was perfect. My overall saving grace was my Saving and investing lifestyle in the stock market with the assistance of a licensed broker who I met at a financial seminar. So it worked out great for me.

[@josephbush]

This is relatable. I'm currently in my mid-50s. This is also to what my wife and I did. I withdrew some cash from a property of mine, and with the help of my wife's financial manager, I made a significant market investments over the previous two years. I won't be able to catch up to m wife's earnings over time, but at least I make more now. Even before I retire, my income has increased by 71%, compared to merely using my 401(k), my retirement savings has grown significantly.

[@georgeh.5126]

@josephbush I completely agree; I'm 60 years old, recently retired, and have roughly $1,950,000 in outside retirement funds. I have no debt and very little money in retirement funds compared to the total value of my portfolio over the last three years. To be honest, the Fin-advisor's can only be neglected, not rejected. Simply conduct study to identify a reliable one.

[@aureliobjm]

@marvishaN Sure. There are a lot of independent advisors you might look into. But I only work with HEATHER LEE LARIONI and we have been working together for years. She has since provided entry and exit points on the securities I concentrate on. She's well-grounded and known, shouldn't be a hassle finding her page.

[@clarkeysam]

More scammers!!!

[@toddmaek5436]

"My savings and investing LIFESTYLE".... for some reason I feel like I needed to read that.

[@Hawkinna]

I think teachers and other government workers sometimes forget to factor in that 15% of their income is automatically invested into a pension that will give a lifetime annuity after certain stipulations are met! With that being said, it makes it easier to max out a Roth IRA and maybe put money aside into a 403b or 457.

[@davidkerrliving]

Great video Humphrey! Got my savings rate at 47% for the year so far, looking to wrangle it in to over 50% by the end of 2023. Watching your videos always serve as a good reminder to stay dialed in. Survive simple, live rich my friends!

[@humphrey]

Good stuff!

[@samanthadodd8112]

Can u do a video on health insurance for people who want to retire early, please?

[@stocksxbondage]

Definitely not retiring early, but here I am because I’m a personal finance addict…

[@humphrey]

hahaha does that make sense tho? :D

[@stocksxbondage]

@@humphrey absolutely! Thanks. The hardest variable to tie down is how much I’ll actually want 50yrs in the future. However, I hear people spend less the older they get so worst case is you overshoot.

[@ivankovachev8835]

@@stocksxbondage Yes that's the hardest part, how much will you need in the future is really hard to predict. In the last 5 years alone food costs doubled, while gas, electricity, rents/real estate prices have increased by 50%, while salarie have increased much less.

[@stocksxbondage]

@@ivankovachev8835 Agreed! I’m shooting for $100k/yr on my end, but I have no idea how far that will go when I’m age 70+ (currently 30). Not even an economics expert can reliably predict the cost of living so many decades into the future. Just gotta overshoot, leave some to your family, and donate 🤷🏽‍♂️

[@OnCashFlow]

Great Video! Just a quick note here (I live in Tennessee) 8:59 Moving from TN to MA to make more money could work, but it could backfire if you are only looking at it on a state by state basis rather than a specific geographical area in the state. For example, If you are making $53k in a low cost area of TN then you could probably easily save more than 10%. You also have no income tax in TN. If you move to MA to make $89k instead, you will have income tax, plus if you have to move to a HCOL area within MA then it could significantly diminish your ability to save 10% of that salary. If you make $89k in MA in a lower cost area then it could be better for saving more.

[@Courtney-Alice-Gargani]

Saving money is hard for some people. No discipline. No planning.

[@humphrey]

saving is tough - requries discipline and planning for sure.

[@SteveV1960]

I lived like I was on a camping trip for 20 years at my home and saved 80% of my paycheck from my factory job .I retired five years ago at the age of 57. My only regret is that I wish I would have retired sooner

[@jaymoar3561]

Good job 👏 👍

[@forestmotoadventures]

You can retire at age 40-it’s possible-just not probable if you become parents before that time. My (now young adult) children have been my best investments in this life. Still on target for 59 1/2 ❤

[@thomashuang8401]

My plan is to atleast semi retire within the next 5-10 years as in I can just coast by while having appreciating assets and keeping my job because my health insurance is pretty cheap

[@mrfrisky5887]

1.25 million will net you $50-$60k annually if you buy quality dividend paying stocks without touching your capital

[@humphrey]

well put!

[@arh1234]

4-5% after-inflation dividend yield seems inconaistent with historical patterns

[@matanyaholmes3964]

Having to wait all those years, and only being able to travel, spend plenty of time with family, do what you love. Sounds like a bloody absolute nightmare. I hope to god I manage to make my first or at least 500k by 30. Cause when your bones are aching and your memory and eyes and ears arent even working thats not the funnest.

[@gh3meister]

I think it is worth it to go on vacation even if you end up retiring later. Why save all the fun for when you're old and can't do as much?

[@yippie6862]

Just wanted to add that the 4% rule is based on a 30 year time horizon. It is not indefinite as you said. Every year after that the failure rate increases with time.

[@reneesoli5345]

Then sell your home and move to a much smaller one.

[@ivankovachev8835]

Yeah that's due to inflation and the decennially economy crisis.

[@PSCA1988]

Don't have kids!!! They suck the life and money out of you.

[@DavisCooper-ws6su]

Just sold some properties with my family and looking into stocks to buy... this should be exciting.

[@RyChOr2005]

I like to combine the 25x spend rule with an inflation calculator just to get a little more of a conservative approach to how far your future dollars will go. For instance, if your current spend is $50k and you want to retire in 10 years, with an average inflation rate of 2.5%... you will need closer to $64k to live your current lifestyle. Multiply that by 25 and you get $1.6mm for your FIRE number.

[@arh1234]

The 4% rule includes increasing withdrawals for inflation every year.

[@RyChOr2005]

@@arh1234 I thought the 4% rule was getting somewhat debunked because of rising costs. People were needing to decrease it to 3.5% or 3% or risk running out of funds

[@DanielAdolf]

A critical insight successful retirees often don't openly share is the realization that building wealth hinges on making prudent investments. I began by acquiring my first home at 21 for $87k, eventually selling it for $197,000. Subsequently, my second property, purchased for $170,000, fetched $320,000 upon sale. The third property, initially bought at $300k, yielded $589,000, with buyers covering closing costs. While the goal of reaching a million before retirement may feel unfulfilled, staying motivated is key and all thanks to David Marvin Willis my advisor

[@deepaksubramony5438]

People from low-income developing countries move to high-income rich countries (ZERO income taxes in Dubai!!!), work 10-15 years, and are able to save up enough to go back to their home countries, buy a house outright for cash, and either retire or use their savings to start a business etc. Given the low cost of living in places like India, Philippines, and Indonesia, you have lots of people (both blue collar and white collar) retired in their 40s after having made (relative) fortunes in the Middle East or in Western countries. Even the American teacher in your example can earn $100K+ in tax-free income if he moved to Abu Dhabi. He would still need to pay taxes in the US for anything earned over $94K but no state or city income taxes. The US is unique in taxing its citizens on their foreign income.

[@jdavis6650]

Alternate title for the post" "How to make money telling lies."

[@ivankovachev8835]

There is one problem with this. Inflation. The way things are going what you are spending now yearly will buy you a lot less, or even not be enough in 20 years. Just in the past 5 years the price of food has doubled, while gas, rents, and many other daily needs have increased 50%. So if you live off of 40k a year now, 40k a year in 20 years might be peanuts. And salaries just don't keep up with inflation.

[@josephwhite5563]

I was looking for this comment, 20 years is a lot for inflation to be negligible. From 2000 to 2023 we had many financial crisis then covid... who knows whats going to happen in the next 15 years let alone 20.

[@ivankovachev8835]

@@josephwhite5563Yup the scheduled financial crisises, which the pandemic was one of them(the way they handled it was made to cause a crisis so everything lost its value and rich farts bought everything at 80-90% discount prices), just make it so that the purchasing power of the average salary goes lower and lower and then you add-in inflation which further creates that problem and we are going back to monarchies, except that the king is the government and the aristocracy are the big companies.

[@drevan1138]

Kids and spouse are huge factors. I could probably retire five years from today if it were just me vs 20-25 (even with a current 20%+ savings rate and no mortgage).

[@d4ncedemon326]

Is this a video about FIRE, or is it a FIRE video? 🤔

[@humphrey]

sir, both.

[@Johanneslol11]

If you can do remote work that is a huge tip! I work fulltime at a company in the capital however I work fully remote and live in the cheapest place in the who country!

[@collinsnorman473]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@rosepink296]

What do you think about a home purchase if I’m interested in FIRE’ing? I’m saving up for a large down payment right now (over 6 figures due to living in the Bay Area) and I can’t help but think about how if I invested that money it would return so much more in the long term. I also don’t want to keep throwing money away as a renter but I do feel like there’s pros and cons of both sides. Just curious how you would approach this?

[@ToothlesstheNightFury510]

Save as much of your income as possible but put it into diverse areas . Also from Bay Area, and looking to save for homeownership in next 4-7years. I’ve got a large amount in stocks/ETFs in a regular taxable account so I can get some growth and dividends while putting in more/ saving up and when I’m ready pull it out. Can’t predict the future but gotta make it out here or we ending up homeless 🙏🏾

[@AccordingtoWarren]

Another variable to throw in would be social security. When you start recieving SS that can also help offset some of these numbers, in a positive way.

[@Dividendsmattertoo]

Live somewhere e less expensive especially if u don’t have a family

[@1974dodgecharger]

My savings rate is about 22%

[@B0mber84]

Do you include your current mortgage payment in the “current expense” tally? By right, mortgage would be gone by a certain time?

[@matanyaholmes3964]

Retirement calculator telling us "you gotta pump those numbers up those are rooky numbers" when you save 20% 😂

[@BS0821]

TN and MA were kindve a bad example since TN has no state income tax lol

[@JC-od3tg]

I mean you can die at any moment but it's sad to think that on average you get to live your life on your terms only for 13 years.

[@oliverallen5324]

My state’s avg income is 30k. Investments do accelerate but people don’t make that much money take home. It’s not all Starbucks and luxury brands.

[@Frank-n9j]

I did the rat race of life and retired at 55. I will be financially secure for the rest of my life; however, retirement is not what it's cut out to be. For the first year of retirement, I felt great and free. Now I just feel like I am wasting my life away. Laziness has set in, and my motivation has deteriorated. It is so easy to say, "Just get a hobby". Believe me it is not that easy. Sometimes I wonder if I should just sell everything I own and move to another country.

[@evandroitaly]

I think it should be said that the "4%" is conceptually correct, but numerically wrong. It was based on partial data, so a more reasonable number is 2,5% not 4%, and it is bound to vary or fluctuate depending on market conditions. My main source for this is Ben Felix (youtuber explaining this concept in detail).

[@michaelswami]

Plot out when you want to take Social Security and figure out your benefit (trust me, it will still be there in some form). The SSA provides a very user friendly online tool for this. This will offset a lot of the distributions you need to take when you reach that age.). Because of this, your savings/investments may well support a higher withdrawal rate pre Social Security eligibility.

[@ProfessionalGasLighting]

Humphrey! I noticed graham uploaded at a similar time, but his comments didn’t have bots… you should ask what he did to clean his comments!

[@dotpenji]

Managing your yearly expenses, savings rate, and income are vital factors in achieving early retirement. Thanks for this video! How can individuals strike a balance between saving for early retirement and enjoying their life in the present moment, ensuring they don't miss out on experiences along the way?

[@markanthonymanayan2136]

The video on retiring early, even starting from $0, is a reminder that with the right strategies and mindset, early retirement is achievable. Thanks you for this content, love it!

[@DenverOrtiz]

Worth a watch. I learned a lot.

[@iracaullenedimaranan]

This video is worth sharing! Retirement requires careful planning & well-thought preparations. Thank you for digesting the different ways on how to decide properly for an early retirement!

[@melaniecerez8938]

It's evident that the speaker has a deep understanding of financial planning and a genuine desire to help others succeed in their retirement goals. Kudos Humphrey💞. Keep up the great work!

[@zacbermudez6054]

Being flexible and planning for different scenarios is indeed crucial. Thanks for breaking it down for us!

[@Lifeisgoodonearth]

Love the content but the background music is distracting and does not go well with this.

[@brentdude2100]

Due to spinal cord injury my life expectancy is 60, I’m 21 now no way am I working my entire life.

[@max5183]

Yeah being single and saving 30% is feasible. So yes i could retire at age 50 if im alone. But i want a family and i wont be able to save 30% then. Not talking designer clothes or fast cars, just 3 kids and a wife that cant work fulltime for some time.

[@sstankfish]

You know what would help me retire faster and reach financial independence easier? If I could opt out of Social Security. That's a good amount of money that I could be investing better than what the government uses it for. However, if we could choose to opt out of that, they'd likely just take more taxes elsewhere. The government doesn't work well with money, and they use use to bail everyone out.

[@zts693]

Sure you can huff about it now but in the future you will (hopefully) receive the benefits of it. Which is money tacked onto the amount that you've saved otherwise. As long as SS sticks around for us to use, not the end of the world paying into it 🤷🏽‍♂️

[@sstankfish]

@@zts693 since I started working, I only ever hear from my elder coworkers that they fear about losing their Social Security. They paid into it. They deserve it. If the govt took it from them with the promise to give it back, isn't it that duty of the govt? Not the next generation's workforce?

[@russbilderback]

Apparently KZbin thinks that forcing me to sit through commercials with no option to close them out will make me buy the things being advertised. Jokes on them.

[@jpollar]

I'm about to turn 50 this year and your calculator says I should have retired already...over 5 years ago to be exact. LOL

[@jon8than]

Americans complaining about housing cost. Come to Canada and you 'll see how expensive living can get.

[@JamesKarrie]

It's funny how how much money you spend is dependent on what you think your friends/family want you to have

[@gettingslim186]

Another boring video that says same thing all financial guru and magazines say. No creative thinking

[@tommyfranzen5500]

I have not worked last 3 years and my money is groving. He dont talk abaot the heritage. My bank do

[@solaydbak]

It takes a dedicated person to put your money into retirement and trusting it will grow into a large nest egg.

[@noreenn6976]

If you make it to 64, you'll probably live well into your 80's

[@richardrobinson6211]

If you move to Massachusetts you pay more taxes State taxes are real. We call it taxachussetts for a reason

[@teresapribilski1493]

Done done it. I now have eternal Saturdays. I highly recommend it.

[@humphrey]

Nice !!

[@teresapribilski1493]

@humphrey Was forced to take a basic economics class in college. I was the student everyone knew didn't want to be there. Accidentally learned about elastic & inelastic demands. Fixed & variable expenses. One of the most useful courses I ever took, but I didn't let them know that.

[@cangrejo5683]

@@teresapribilski1493 now I want to know about that

[@majorfomo2]

In the US health insurance is tied to employment. So if you retire at 40 that will be an additional expense compared when you’re working

[@e22ddie46]

The aca is a great option for early retirees currently.

[@Dividend_Info]

Wish you all early retirement as soon as possible

[@humphrey]

yes sir

[@first7589]

The 4% rule is NOT safe. The real safe withdrawal rate is a bit lower than that

[@Adnanhasb1]

Inflation is making saving so hard ... Let alone retire

[@jasonbroom7147]

Why are financial advisors so terrified of the "B" word? They will use any other word or phrase, like "spend" or "lifestyle choices", instead of just calling it what it is...a BUDGET! The biggest reason Baby Boomers are retiring with so little saved is because they never followed a budget, but I promise you once they're on a very limited, and very fixed income, a budget is the only chance they have of making it! The formulas shown in this video are complete crap because they ignore the realities of how most Americans spend, primarily due to the fact that they don't have a budget and don't know how to spend within that budget.

[@SAL-fs1mr]

The real b word they never bring up is Bitcoin.

[@ingababy5196]

Why in the world would I need $40,000 a year in retirement?

[@Courtney-Alice-Gargani]

Great video. I would love to retire early. That’s the goal. Right?

[@humphrey]

Yes!!

[@steelmantv]

Too many hand gestures. Seems weird and forced

[@frstchan]

But if you are young and have been outside the housing market you will be hopelessly left behind no matter what you do.

[@SAL-fs1mr]

Saving in Bitcoin has put me on a path to early retirement.

[@BigRobChicagoPL]

I am 6ft9in and judging by the stats I am predicting that I clock out around 60-70 years of age. I am 23 right now, fresh MBA grad working accounting. I plan to super save for 15 years, getting a home and paying it off in the process, and simply chilling at my house for the remainder of my life. I really enjoy gardening for instance or music

[@ron9665]

9:20 You could move to MA from TN and that 10% would grow; however, so would your cost of living. Per Nerdwallet a move from Nashville to Boston would likely increase your cost of living by 49% (A gross income of $70,000 in Nashville - To maintain your standard of living in Boston, MA, you'll need a household income of: $104,016 The cost of living is 49% higher in Boston, MA) This may prevent a person from being able to afford to save that 10%. The housing cost is also about 240% of the TN cost (Median home price (3BR, 2BA) TN $528,868 MA $1,001,917)

[@rokkralj9786]

Wrong. 4% withdrawal rate was computed for 30 year retirement, not "indefinitely". The idea is that in a large percentage of outcomes, you completely run out of funds after 30 years (your potrfolio hits zero). For the portfolio to be safe indefinitely, you have to decrease the withdrawal rate to just 3%.

[@bobbybackner5240]

hi my question is when should i start buying more bitcoins n ether n alcoins n ETF n real estate properties? i am 52 yrs old n i am ER nurse n i have several funds i can use when i retire. for example 401K, pension, whole life from NEW YORK LIFE that i bought from my 26 yrs old son that works for new york life, bitcoin n ether n alcoins n i own my house. when should i start buying more?

[@robins3206]

I live in South Carolina, the median income as of the 2020 census is only $28,569 [household median is $54,864]. Nobody here can afford to live on just 50% of our income no matter how frugal we are.

[@ron9665]

0:06 Avg Retirement Starting at 64 y.o. but the Avg lifespan is only 77 y.o. I see far too many sources pushing people to have 30, 40, or more years built into their retirement. Spend your whole life eating antacids to prepare for something that will most likely not happen? Thank you for mentioning the real numbers and not going with the usual figures that are skewed based upon a pool of people that have already reached 65 years of age!

[@jnikz]

I make 130k a year but take home is 90k, I max out roth 6500$ and 401k 22500$ a year and an annual expense of 60k a year. Gonna take me around 20 years to retire early at 50 years old. This way of investing is boring but has 100% chance of success.

[@blueupgreendown6402]

Also teachers working for public schools are government employees so they will receive pension benefits after 5 years and increases with 10 and 20 year longevity of careers. Add this to SSA, and other savings…

[@Dead.179]

ZRT44H will replace Eith in few years. ZRT44H the sleeping Giant. its the fastest L1 high-tech PoW Zero Gas-fee chain with 100X potential

[@kirankishore9934]

One thing to take into account is some of your yearly spending has to do with actually keeping up with your job. You have to rent/buy a house near your job which maybe quite expensive. You may need a car to drive to the job. You may eat out since you don’t have time to cook. Of course, there is also a pro with having a job which is the health insurance. Maybe, more realistic number can be achieved by thinking how much would you spend yearly if you do not have a job. Can you relocate to a less expensive housing? Can you build your own small house? Can you live with a second hand car? Can you cook your own food? For most normal healthy people, probably yearly expenses for needs comes to around 1x to 2x of standard deduction. Everything else is probably a lifestyle choice.

[@cmdr1911]

I don't plan to retire. I do plan to gear down in my late 40's. Instead consult, advise and teach what I have learned in energy and construction. Kids will be grown, home will be owned and my wife's pension will kick in on top of my investments. This doesn't include any inheritance.

[@yunisa7296]

You can call ZRT44H bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but ZRT44H breaks everything

[@casinokam2695]

One problem I see is this doesn’t consider inflation. You may live comfortably off $40,000/yr right now, but in 40 years you will need well over $100,000/year to live the same lifestyle.