I Want To Retire At 40 So I Don't Have To Work

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[@allopez5836]

Retirement is not the end of work, retirement is the end of mandatory work.

[@wereallgoingtodie3805]

Well said man

[@faizankut]

Exactly bro

[@FrostyCoug]

Al Lopez Dave’s point is that too many folks would get ruined by the loss of mandatory work

[@alquinn8576]

@@FrostyCoug so the caller should buy cars she can't afford so that work is once again mandatory?

[@chacha9674]

Wow! I like that!

[@HunterShows]

People bored by retirement have no imagination.

[@Wifistaxx]

They dont even deserve to retire

[@Wifistaxx]

JR you know it bro, you know it

[@johnmendoza6421]

I’ve been retired for four years and always have something to do no time for boredom, learning new skills and applying them. Some people that say they get bored can’t afford retirement 🤔

[@born2win262]

@@johnmendoza6421 retirement is boring.

[@caseyporter499]

Main thing is they lose their purpose. When you lose your purpose you die

[@Bunny-fd8zl]

Hobbies, family, friends, baking, frugal living, walking and working on fitness.. what's not to love about the idea of retiring early?

[@ruthespiritu502]

Kylie Elizabeth sounds like heaven!

[@ianrobinson4200]

Yes,I think retiring early is only detrimental as Dave described with that example if you are a person who bases their identity around work. If you don't,you should be fine...

[@robertlulek1634]

Most people who retire early die early

[@newmexicoballer3867]

And no stress from the job. That's a big plus for me.

[@eks9225]

A lot of people get super bored after a few years and deteriorate mentally

[@financialhacks6225]

I like to have the option to work rather being required to work.

[@user-td7xf3gz4l]

Agreed. That's my goal. 4 years away

[@rayallen953]

I think $2 million is pretty safe, if you know how to invest, that would give you around $200 k per year. Of course, some years you might gain only $50 k some years 400k or 500 k or some years lose money, but if you withdraw $200 k per year, that should sustain you When you die, that $2 million can be inherited or donated to charity

[@XFizzlepop-Berrytwist]

ray allen 200k is 10% of 2 mil, that is an insane interest rate, 400k is 20%, I dont know what kind of investing you do, and if you can get those numbers consistently good on you, but thats unrealistic for most, even the 10% isnt consistent, even with good investing an average is about 7%, and in the market right now... you are going to be lucky to make much of anything.

[@tangotea7192]

I'm retired military at the age of 42... actually retired at age 39. I work part-time from 10AM to 2PM to get out the home. It's a great life.

[@speakingtruths4215]

Brandon Martin What is your part time job? If you can live on $25,200 dollars a year (including housing) pretax, then God bless you bro. My wife and I have no kids and no debt and our expenses are about 2k a month, but our monthly income is over $25,000 dollars a month combined. Our only splurge is eating healthy food. Everyone has different retirement goals. Thank you for your service.

[@XFizzlepop-Berrytwist]

Speaking Truths It depends where you live... I could easily live on 20k a year, and have some money left over for hobbies. Rent in my area is around 600-700$.

[@celticspirit1]

Awesome. Enjoy and thanks for serving.

[@celticspirit1]

Brandon Morris Cool. Freedom is better than a materialistic life any day of the week. Thanks for serving.

[@ralphholiman7401]

Retired from a federal agent position at 52. Now, I do some part time contracting work, when I feel like it. Usually just a few days a month.

[@badbeatbilly8997]

Every day at my job is a soul crushing experience.

[@Ryan-ic1wj]

Where u work?

[@charmander777]

i am sorry to hear that Billy. i hope you find a way out

[@kwailcamp]

I feel you......

[@markwhittaker6866]

That's not good for your health. Try very hard to get another job.

[@RealSerie26]

Billy Cowan Are you doing anything to change that? This is America and you have options...unless it’s a contract, e.g. Armed Forces.

[@rjwalker6677]

My dad retired at age 62 and didn't do much work wise after that, (He read books, went fishing, exercised , watched TV , went for walks etc) Instead of killing him, it helped add 23 more years to his life. He was in bad shape at age 62, due to his high pressure job. Once he retired from that , he was a new man. He told me many times he greatly enjoyed every day of his retirement, even though he didn't do anything much. He just loved it. He did remarry, but for much of his retirement years he lived apart from his wife and just visited her every couple weeks . They both liked that arrangement and the marriage lasted. He had his place, she had hers. My dad liked to read, and while reading he was doing something he liked. But he wasn't working a job or making money anymore. .And my dad said he can't understand all those that get bored in retirement. They need a hobby ! .He loved that every day he got up and didn't have to go to work . .

[@philbetron]

What a great story!

[@cmorris3899]

Is he liveing off social security?

[@fool1124]

Because he has gone thru hardship then he appreciate life more.

[@chrisrock4428]

Of course my Dad retired at 64 in good shape after working from the age of 13 in a movie theater to the Navy after high school. From there he became a machinist at a specialty steel mill. Unfortunately he was diagnosed with cancer shortly after and battled that for 6 years before the kemo gave him a blood disease that killed him. I miss him immensely every day.

[@cartonet8186]

Well millions of millenials are "retiring" before they even get to work. Spending all day in the basement playing games and getting hobbies for years. Then, they finally go to work. Funny how what's good for some people, is a vice for others. I guess, if you are self-sustaining, as most retired people are, then it's okay.

[@craigslistoceanside8677]

She hates her job. I can hear it in her voice.

[@nateswaggin9827]

@@Combat556 wish life was that easy but it’s not bro

[@jeremytheoneofdestiny8691]

Wow you’re a genius

[@raymondcaylor6292]

Quit working at 45 and I didn't get tired of being home everyday but my wife sure did.

[@Atlanta718]

Lol 😂

[@viennala2528]

@Jason I would relax with him and cuddle all day, I dont find it boring

[@kimoramicheal8353]

@@Atlanta718 Brooklyn and Atlanta?

[@fancyasandwich]

You should've asked what she did for a living.

[@kaohsiung99]

I have a theory....

[@jermainewilliams1681]

Who did you get your theory from....Charlie Sheen?

[@kaohsiung99]

What's your theory, Jermaine?

[@woods565]

Probably military. Can retire in 20 years.

[@andreatamati9813]

That's nuts to do that

[@victoriagarcia5533]

40 yrs old seems old when you’re 25 😂

[@mouwlylee5014]

But when you reach 40 you feel young 🤣

[@bodyboarder733]

@@mouwlylee5014 Once you reach 45 you start to feel old though. Your brain and body start feeling the aging process a lot more.

[@darren871]

Im currently 34 and between 45 and 50 is my retirement goal with plans for side gigs.

[@jjholl00]

@@bodyboarder733I didn't feel or felt that I was slowing down,until my late 50's.

[@michaelb.8953]

40 yrs. old seems young when you're 50.

[@sunnysunshine6271]

I can totally relate to her question. I've been working full time since I was 17. I'm 51 now and sick and tired of it lol. Been there, done that and didn't even get a T-shirt lol.

[@Mags765]

I agree maybe a year vacation or leave would do it!

[@face-in-the-crowd]

Maybe buy a nice t shirt? 😂

[@jeannetterobinson3748]

I agree with both. I wish I was wiser and had the tools to sit it down at 40. My question is who is teaching it's ok to retire and how to retire. There are things I would like to do without punching a time clock. "What does retirement look like?"

[@KiriouSs]

You should be able to afford a t-shirt by now though.

[@joecurran2811]

Dave clearly enjoys his work. If you do then you get fed up with it.

[@bradjbourgeois73]

The key word is "have." I'd love to be financially independent enough where I could work if I wanted to. I never have a problem finding something productive to do, but work calls and takes precedent.

[@kayrealist9793]

I retired at 35 and went F.I.R.E., and loving every moment of my life after 3 years.

[@kayrealist9793]

@Jesse Mitchell FIRE stands for financial independent retire early. Its a new growing movement.

[@annierosesmith6504]

Kay Realist how did you retire so early? Mutual funds? Rental property?

[@missmarymac4432]

What age did you start FIRE?

[@Retired-jr3qs]

I retired October 2019 at 57 years old and single with no kids. I thought I would go right back to work but I am having second thoughts. Retirement is great.

[@brian4407]

Then you did it the the right way. I've also decided not to have children, and to be honest it's the decision more people should choose. No debt, no obligation to anyone but yourself, free to do what you want. Good for you, sir.

[@biellaspointofview2054]

@@brian4407 out of curiosity, who do you have as your beneficiary when you unexpectedly pass?

[@brian4407]

@@biellaspointofview2054 family

[@HateTheIRS]

@@brian4407 I like your profile picture. Don’t you ever want to have someone in your life like having kids?

[@brian4407]

@@HateTheIRS I have plenty of people in my life already and they don't cost a fortune to maintain.

[@carerforever2118]

I retired back at age 39, l'm 43 now and I love it! I spend my days doing what l love which is helping others online for free, providing them with what they need. I had to retired because my dad passed away and their was no one to look after my Schziophrenic mother whom can't walk and my 53yo brother who has back pain due to hurting his back at work years ago. So for years now l've been on the Centrelink ( Social Security) Carer Pension and Carer Allowance.

[@dboucher26]

I’m 39 and will never work again. I hated asking for permission to take leave among other things. I have an online business and life is just better when you’re your own boss.

[@JustMe-go7nr]

I guess it takes a certain kind of person to enjoy not working. I'm going on 3 years retired without the slightest desire to return to the corporate treadmill. I think the primary thing that people dislike is having to kiss the ring every day. Being your own boss alleviates that. If I decide to work again it will be for myself.

[@markwhittaker6866]

Well done. Enjoy.

[@TheBigWanger]

Im someone that has worked for myself for 30 years. Not solo, but small biz with up to 15 employees. All you people that think working for yourself is a picnic are sorely mistaken. It’s more work and stress that you ever dreamed of working for someone else or the corporate world. Everyone’s personal problem becomes your problem. Everyone’s financial pressure becomes your problem. Cash flow, payroll, and the bank balance is your problem. Keep dreaming if you think working for yourself is some sort of utopia. Roll your sleeves up and work harder and with more stress than you ever did. BUT, if it suits you enjoy the positives because there are many. But they aren’t easy or free.

[@jjholl00]

@@TheBigWanger Well said... I would only imagine that if you took on the ownership of a company or business, there would simply be more "stress and anxiety:" at times with the additional responsibilities...

[@exjehooberdubexpiobeezleeb6269]

I've been working for myself for almost 15 years. Getting off the corporate treadmill was the best thing I've ever done. Maybe you could hire and delegate out some of the work you do so you can focus on your core competency?

[@marishkaspirit]

@@TheBigWanger yes but is a difference from beeing self employed and business owner. Trust me, is a pretty big one. Not all self employed people are business owners. Is like comparing apples with pears. He's talking about something different than you initially understood.

[@CallmeDaBreeze1971]

I'm 46 and if I could retire right I would. I would not miss working at all. I have places I'd like to go, and plenty of RC airplane kits to build.

[@cmorris3899]

MrBreeze how do you set up a retirement fund? If you retire now would you get a check from social security?

[@XiraKira13]

What’s your job ?

[@NoahAbrams01]

Ive always wanted to build a trainset with little figurines and scale houses and stuff. I could just sit around doing stuff ive never had a chance to do. RC planes are a great example. Theres so much you can do for fun.

[@kefkapalazzo1]

I know it’s been a while, but you can get a drone so you can fly without having to build lol

[@Denniss7420]

@@kefkapalazzo1 Building is part of the reward.

[@lo1bo2]

I'm surprised no one in the comments so far has mentioned doing local volunteer work as a way to give your early retirement years focus and a purpose. Hospitals, shelters, animal shelters, food banks, etc.

[@2bituser569]

lo1bo2 exactly

[@xxxkeyj]

Yah

[@caitlinthomas4881]

Are you really surprised?

[@jeanlenor1858]

Just because they don't say it doesn't mean that they don't consider it.

[@giveme10feet]

These pivotal conversations aren't being spoken ANYWHERE ELSE, and that's why this man is a nessecary part of our media diet. Life is not about winning financially and quitting the money game...it's abt finishing the game of life which is so much greater than finances. You can now do stuff that's important to you like saving the whales or whatever. But you can't QUIT ON LIFE!

[@gavloft]

Become a minimalist and have a weekend trade business i.e. Plumber and have weekdays off.

[@janoos24]

gavloft if I was handy enough I would totally do that

[@ir10031981]

or plan on living on practically nothing, used everything, maybe take the bus or walk everywhere. lol

[@Thinkableness]

janoos24 you can always learn

[@janoos24]

Soldiershak you def can agree.

[@ligerllama]

The problem with minimalists is they're also pretty minimal when it comes to their financial education. Stop just giving up everything. GET TO WORK! Learn how to not just save. Learn how to invest. Be kind to your future self. Having nothing will get old quick.

[@HatedJared]

My wife was unemployed for 6 months after we moved to a new city and she was looking for work. She was miserable sitting around. She did go to the beach and did various things but young people need something to get up for. I think the key is to do something you love. Then it doesnt feel like work, and you can give more of yourself.

[@alanfreeman7374]

Good advice.. When we retire we're still gonna have to engage in some type activity to keep from going NUTS...

[@kkknotcool]

You have a type A personality. Lots of people just want to hang out and do nothing and are much happier doing that.

[@alanfreeman7374]

kkknotcool But doesnt inactivity make us ummm dull??

[@komandantData]

Volunteer work, involvement in charity, something like that? If you ask me, I would go and study again, learn as many languages as I can, that's my passion kind of..I guess it all comes down to what you're passionate about, huh.

[@angeleyes3319]

+kkknotcool You have to have something to move towards or as Dave said you will die or you are just lazy and you're already dead inside.

[@GadeaOne]

There are 7 Billion people on the planet. Not everyone feels this way but i get it.

[@roshawn1111]

some people just dont want to work, It really depends on if you like doing what you are doing. Working a 9 to 5 while dealing with the worst co workers/ managers known to man gets old and stressful. So i understand where she is coming from as a person that doesn't really like big crowds or constantly meeting new people

[@Damnedindenial]

id rather watch grass grow and spend time with loved oned then work

[@audio8493]

bradley Pietrzak so go to work after hanging out with family? You would still be working. Maybe a swing shift or grave shift?

[@thestrappingentrepreneur2822]

Naw I'd love to spend my time doing me. Not making someone else wealthy off the back of my hard work. I'll work hard once then I'm done I'll write a book. Or play videos games and get into that body builder shape I've wanted to my whole life all while not sacrificing family time

[@Phoenix11720]

@@thestrappingentrepreneur2822 your original comment said "then" instead of "than", changes everything

[@dillonh321]

@@Phoenix11720 He probably made a typo...

[@Phoenix11720]

@@dillonh321 I know he did, just explaining the first response

[@Atlanta718]

Recap of Dave's Advice: 1. Identify your career calling 2. IRA and 401k 3. Low Turnover S&P Mutual Fund

[@ngonigriffith1491]

I stopped working at age 43 (am 50 now), and now working as being a caregiver to my elderly parents. I don't get paid for it, but it keeps me active and gives me a sense of purpose in my life. I enjoy it. Dave was right in finding something else to do in life.

[@SomeStuff9]

Was just turned on to your content by a colleague as I was mentioning my frustration with not having a financial education. I am 43 years old and am only now beginning to take my financial future seriously. Especially as I look at my aging parents who have nothing to lean on for life's expenses (except me). I am grateful for your content. Solid advice. Cheers.

[@live.life.simple.]

The weight that is lifted from retirement is unimaginable. Retire as early as you can without having to sacrifice too much. Time is precious, too precious to spend do something you hate.

[@blackworldtraveler3711]

Actually I had no issues with work. I can’t be a sci-fi/tech geek and hate a career around spacecraft and aircraft with full benefits,$120k-$160k/yr,pension,fly anywhere free, debt free, and able to take up to 3-4 months off work each year without pay. Wasn’t a stressful job at all. Didn’t mind being in a Boeing 777 or 787 aircraft all day. But I had the option to retire since 40 and just retired 15 years early to do other things without a schedule.

[@deadfarang]

I retired 35 years and 7 months, now i travel and make youtube videos for fun.

[@MandenTV]

Dead Farang you ever go to Soi 7?

[@deadfarang]

On my earlier trips, not so much these days.

[@MandenTV]

Dead Farang nice. I'm probably going to go and check that out someday

[@deadfarang]

Do it mate, even if it is just a few weeks.

[@TheTaytay198]

I watch your videos, funny seeing you here. Congrats on your success

[@duramajin3118]

Why do we work at something we hate? We don't have much choice mate.

[@VinnyBifaro]

You do

[@drewdestroysalll]

@@VinnyBifaro work in principle is something to hate. The things I personally enjoy doing would not bring 1 cent of financial income. Altruistic work (i.e. volunteerism, etc.) is much different but can only be accomplished once you know the bills can be paid by other means.

[@blackworldtraveler3711]

Duramajin You made that choice. I hated working construction. So I saved every cent for 18 months and went to aerospace field. Enjoyed working around aircraft and spacecraft. Also $160k a year wasn't bad.

[@CasanovaFluff]

To pay off a number on a banks computer screen. Debt slavery.

[@WealthyTiffany]

I retired early, but now work on growing my business, that's the freedom it created for me. I don't have to worry about making money anymore.

[@WholeHeartily]

I feel so lost. At 28 I have two jobs, not a career. Honestly, I can’t support myself especially the traditional way. My best bet is buying a piece of property cash and building a tiny house with a sustainable food garden and chickens. I think, if I live small I can afford to maintain a consistent standard of living even after retirement, but I totally feel this girl. If I had the means to support myself and live a comfortable way, I wouldn’t work the way I do now. I’d probably pursue more creative endeavors because I wouldn’t have the pressure to survive creating fear of failure... I literally can’t afford to just put myself out there like so many people encourage us to do. I need a guarantee.

[@kdelete4949]

I would recommend looking into what it is you like doing and then see what steps you can take to enter that career. Dont give up hope, there is a lot out money out there, you just need to create a plan and follow it. Also, use LinkedIn to network, for example if you are interested in IT, find someone in your connection or friends connection and ask them for guidance. You got this!

[@lisegravel]

Agree with you Dave! Retiring from teaching in 2 years, will be 53. I’ve been doing exactly that, started my side online business 8 years ago and will definitely be continuing it more full-time as I travel! Building it before is the best advice!

[@MsSassyMT]

My dad retired at 51 and my mom at 55. They both were bored for a while and ended up going back to work. I like what Dave says about doing something else so she won't be bored.

[@frankish5314]

You absolutely can use a 401K (in fact I'd max it out). Rule of 72t means you can withdraw 401k money prior to 59.5 with no penalty as long as you take substantially equal periodic payments for a minimum of 5 years.

[@chasemallet6546]

Frank Hinde that or utilize a Roth IRA conversion ladder

[@username00009]

@@chasemallet6546 I agree. 72t distributions are a little too scary for me. I'm planning on using the Roth conversion ladder.

[@djdrew1326]

Dave you are such a blessing and a voice of wisdom and reason to all of us. Please never retire :)

[@JudgeyJudgeyable]

I’m 25 and this is literally me. Though, with my career prospects, i probably won’t be able to save enough to retire at 40. Maybe 50 + freelance/work part time.

[@meancarleen]

Yes, Dave we know your set for life financially times 25!!! LOL

[@pianoman551000]

Yes! He never fails to repeat his financial success and that he will have enough money to last his lifetime!! ( I also hear a little arrogance coming from him time to time.)

[@ZigySpACe]

bach baroque I don’t see him bragging really

[@---cr8nw]

He has to continue to reaffirm his appeal to authority from time to time. See logical fallacies for more information.

[@neetrab]

3:32 -- "I don't know why you work from age 24 to 40 at something you hate" -- it's because nobody wants to spend even more money going back to school to learn a new skill where they don't even know if they're going to be successful at once they graduate at an older age, Dave. People struggle finding a way they could make good money by doing what they love to do. They don't necessarily know what they love to do. And while they try to figure it out, the bills gotta be paid.

[@blackworldtraveler3711]

You should have all of that figured out before 25. Only took me 6 months out of high school to figure things out. Worked a job I didn’t like for 18 months saving every cent I could and left for aerospace school. Just retired 15 years early from a $160k/yr career. You must have gotten caught up with marriage,divorce,kids,feeling sorry for yourself, or something.

[@cryptojonny6837]

@@blackworldtraveler3711 who made that law up that before age 25 you should have it figured out. Thats nonsense theres not that certain age its like if science tells you that you should be married by age 30 is just wrong.

[@yaykruser]

@@blackworldtraveler3711 nice, but a lot of jobs that people like dont pay you that much, more like 30k a year, then you have a job you like but you will never be able to retire.

[@blackworldtraveler3711]

@@yaykruser It’s all about choices. Up to the individual. I focused on myself back then not other people and what they liked. I guess if you settle for a low paying job you like just work the overtime or get a second low paying job you like. One thing I will say is if you get caught up with kids or marriage you’ve lost most of your options and the flexibility to move where you need to be to find the career you will like. I was willing and able to go anywhere in the world.

[@blackworldtraveler3711]

@@cryptojonny6837 You’re calling it a law for some reason not me. You do what you want. I had goals and 18 months working construction job I hated was enough time for me to save and do my due diligence in search of a marketable career. All I said is what you probably gotten caught up into. What you just posted confirmed it. One thing I did back then was avoid people with that negative glass half full attitude. Just didn’t have the time for that or anyones sympathy. Good luck.

[@vanhall9513]

Impressive, i feel the key to early retirement is making sacrifices, you don’t need that new Tesla or that new vacation house in Cabo, instead why not set up an investment plan with your financial advisor. I did the same and I’m rounding a million currently, I’m sure in the next 5 years I’d have 2 million in my portfolio🤞🏻

[@serenewhopperman2924]

Great work, I myself bought warren’s BRK-A, quite pricey but it’ll be worth it in a while..you mentioned an advisor how do I get to her?

[@vanhall9513]

Serene Whopperman sure, but I can’t give her info out you can look her up on google..her name is Lucy Maria Koss she has a website and everything

[@michele5695]

I'm disabled and would give anything to be able to work again. The isolation is killing me.

[@ceciliapreziose3783]

why are you isolated????

[@victornyamu2547]

Michele god bless you.

[@exaucemayunga22]

Play video games

[@thesmartbudgetchannel2940]

I retired at 43. I got bored after awhile and went back to work in a different field.

[@marcusarelius]

Dave is living in his own little personal wealth building business bubble in this video. Not many people have the ability and capability to change careers, and/or build a highly successful company that they would like to work at long past retirement. Job happiness is hard and elusive...

[@f2162282]

Not at all true. I go thru employees all the time looking for THAT guy he is describing. I now have 7. I love working with them in our business because to a man they are go-getters. It is a pleasure showing up Monday morning knowing these guys will have my back all week.

[@mabelw7]

how do we do wht dave did? build fun company?

[@ArkbladeIX]

Well not many people retire by 40

[@ginelgeorge6220]

The idea is to be debt free

[@blackworldtraveler3711]

Mark Smith I don't have that capability of a wealth building business. Too much work. So I save and invested early,stayed debt free with great high paying aerospace career working less and being paid more.. Millionaire by 30 and 401k millionaire by 45,and retired early with full pension and retiree medical benefits.

[@droptozro]

Both my grandpas on each side of the family kept working after retirement for years. They knew they'd go nuts if they didn't stay active. One of them works in the garage on his cars and house a lot now since he dropped the job, and sadly the other one got dementia. Point is, we have to stay busy in some form with active goals and work or we will go nuts. Heck if I go on vacation for a week off work without plans to actually GO somewhere(meaning just lounge at home) I start to go nuts by day 4-5 and want something to do. I know I couldn't quit working until I'm MADE to quit working because I'm unable.

[@VBrinkV]

You are still VERY relevant, Dave!! You inspired a friend of mine just the other month who is going through college. Don't quit on us, ya wise old man! 😄

[@mrhat7531]

I don't understand this whole "you HAVE to do SOMETHING" mentality. I get that high strung people probably need that. I'm the type of person who is pretty content just chilling. Of course I want to travel around, attend some awesome events, continue working out, learn cooking, hanging with friends, etc. I don't think I'd ever want another J.O.B. even if I'm my own boss. Maybe some volunteering on my own accord, but that is about it. I think it is pretty sad to assume that a job is the only way that someone could have purpose and fight boredom. Open up your mind. Sure, sitting around on the couch is going to lead you to a bad place, but give me a break if you think work is the only other option.

[@yeahisaidit6184]

mrhat 75 So you’re a loser. Cool.

[@kirapoodle]

Yeah, I said it That's only your opinion which no one cares about.

[@Runner8617]

mrhat 75 EXACTLY my thought! People are so not creative enough to find a hobby or something to do...or just lazy and think you don't have to do anything!. Our generation makes me sad!!

[@blurrble5]

So how do you support yourself without a job?

[@alexc5369]

Bro..not working as a living is not like having you r 4 weeks off at Chrissy or whatever.. ovcourse that is awesome. But all your friends would be working, your mind set will change after 1month out of work, think 6 months down the track to years...

[@jeremytheoneofdestiny8691]

I guarantee that if I did absolutely no work, I would not “lose it”. Lol. I would be absolutely fine and love it.

[@iwishpeoplewouldmindtheiro4601]

You don't have to retire Dave your the boss makes a difference.

[@youngkey3051]

Thank you for putting that into perspective 👍

[@ewitte12]

My business goals are not to not work it's to not have to ask permission for every little thing.

[@Philippinesbound42]

Dave. nearly everyone works a job they hate. no one wants to go to the same cubicle everyday

[@InDatParish]

Gabe Gordon if you work in the same cubicle every day and you hate it, that’s YOUR choice. At any point in time you can CHOOSE to quit and go do something you really enjoy, the only question is, how bad do you want it?

[@yeahisaidit6184]

Gabe Gordon Get a new job 🤷🏽‍♀️

[@kirapoodle]

Yeah, I said it The grass isn't always greener at the other side. I've quit for jobs that I thought were going to be better only to realize that it wasn't the case. I know there are people that handle change much better but I wouldn't quit my job again, maybe only if it was for a pretty substancial pay raise and for a job position that would drastically improve my knowledge, experience and career.

[@ariefraiser140]

@@MidwestFarmToys Not only that but at a certain age your happiness isn't the only part of the equation. You may have kids that depend on you, house payments, etc. Also you may reside in an area where great jobs aren't plentiful. I have an uncle who decided he didn't like his $50,000 a year job as a baggage supervisor in Atlanta for an airline back in 1992. $50,000 a year back then is the equivalent of about $90,000 today. Any ways he decided to quite his job and start a grocery/convenience store. He took tgis risk despite being the sole breadwinner for 4 kids and a wife still in nursing school. The business failed, him and his wife started constantly arguing about money and eventually the stress of the situation lead to a divorce. If you're at a job you don't like tough it out until the right time to exit that job. Many of our parents and grandparents did what they had to do to put food on the table their entire lives at jobs they didn't like. I'm sure we can wait a few years while at the same time finding joy outside of our job. If this young lady is willing to spend 16 years to set here self up to be independent enough to do whatever she wants to do over the next 40+ years I believe that is a small price to pay.

[@mygremlie]

I have spent most of my life in a kennel and I love it..

[@workingshlub8861]

i plan to" retire" at 60 from my job..everyone i know who retires from there job travels for a year or two and then they want to go back to work. its like a prisoner who has been in jail for 50 years ..hard to adjust to doing nothing.

[@staticshock7748]

Benny I want to live like that but it takes money to travel.

[@Poker-is8dt]

I agree static. Check out some of the vanlife channels on youtube. Very entertaining! Makes for cheap travels.

[@markd6838]

Institutionalised

[@gilltan4280]

I think you're into something. Maybe the later you retire the less you want to retire because you're already so used to just working all the time.

[@shannon2748]

If I could retire I might actually feel like doing something because I wouldn't be so dang tired all the time, with my hobbies getting put on the back burner.

[@FastSloW-qt8xf]

I know a guy who is in His 70s driving a brand new s class mercedes to the local grocery store and working in the deli. He was the previous owner of the local country club and golf course

[@Mexicobeanpole]

It’s funny that Ramsey thinks what he does compares to a “regular” job. I’m self employed, not financially set yet, but I’m smart enough to know what I do is not like a “regular job”, because I love what I do. (I still work though, it’s just not drudgery)

[@dandotvid]

Yeah, he's lucky to have a job like he does. Regular-grind jobs are not fun. They are essential to the running of society, but they are NOT something people want to be doing. If anything, those people should get paid more and people doing the cushy jobs should get paid less.

[@henriettadelgado4122]

I love Dave Ramsey, He is so blunt and to the point. He does not sugar coat anything!

[@mychalwright4659]

Henrietta Delgado he sugar coated This whole video lol He should be telling her she a lazy worthless woman, and to not be that person.

[@dogguy8603]

@@mychalwright4659 how is she lazy? She is working hard so she can enjoy life later

[@SurlyEngineer]

@@dogguy8603 Some people have self imposed Stockholm Syndrome and think anyone not working until 65 is lazy.

[@Mia-fl9on]

I want to be semi-retired. Just working to keeping me from going crazy.

[@user-ih9xl5kr2e]

Super easy to understand! Getting a job is such a blessing.

[@rabidfollower]

I'm 100% with Dave on this: you've got to find something to do during retirement. A person cannot do nothing. And the thing you do needs to be somewhat substantive and meaningful too, not just playing golf or bingo. Look at other retirees for ideas. I've seen people teach courses in local schools, perform in local theaters, run KZbin channels (like Dave is doing), ... an activity not of frivolity, but of substance that could sustain you long term.

[@blackworldtraveler3711]

yuh7siva First few months I'm doing nothing other than the usual things home stuff,gym,and online gaming. Give myself time to adjust to my budget and new sources of income. Finish the remodel. Then do whatever I want whenever I want.

[@poopypantsdiggity7691]

I understand completely. For me theres a few things at play. Im close to 40 and most days i feel 65. Ive felt thos for a few years. Im also mentally exausted. I dont get along others. I hate society. I hate being around others. I quit working 4 years ago. I can't wait till im dead. When i was 24 i felt the same way.

[@goodearthpuresoaps8313]

Mr money mustache talks a lot about having the option to retire young and how yo get there too. I like listening to both of you🙌🏾👍👍🏽✌🏾

[@iomis2001]

People don't just die because they retire. My grandmother retired at 45 and died at age 86.

[@kevinyoung947]

kolop1 that’s why it’s called an example

[@dalekelly7639]

What did your grandmother do?

[@jeanlenor1858]

Dave lives in his own world.

[@jrwntctv8091]

Your grandmother must have had some hobby or something to keep her happy. Dave has a point, so many people retire and because they have nothing to do they stop living, and start dying. People are not designed to sit there and do nothing

[@MichaelVargas7]

What about the 72(t) provision for early withdrawals without penalty

[@jasong6691]

Loved how you ended with the “Prince of Peace” remark. 😊

[@dpierson7550]

my dad retired at 58 and went back and worked part time. I guess he got bored

[@symlexbrn5396]

The lockdown was a good example of not going to work, I was eating all day + sleepless nights due to not being tired

[@DylanBegazo]

I love this video. I’m optimistic and enjoyed every bit of what Mr Ramsey said and I hope it works out for her. Very informative. I wonder if there’s a way to record these videos audio and replay it while I’m driving in the car on a CD or using the IPhone audio blue tooth ability. I’d record about 20 of these and replay them. ☺️

[@VideoSiteAccess]

Catalyst - D B You can listen to his podcast. That’s basically what you’re describing.

[@OutCastSwagg]

I don’t like my job but I notice on my off days I waste hella time and I feel like slob because I just end of playing the game all day

[@eddieperez8111]

That’s so true, I feel like despite the dislike for routine and structure, it helps me stay balanced

[@angelpedrosa926]

I want to have a house paid off and not work a job by 25 or 26. I don’t want to stop working but I would like to be a real estate agent full time then eventually get my broker license I don’t find helping people with real estate a job it’s just that fun for me. I pray that I can have a house free and clear and no debt so I can focus fully on my dream

[@austinpatrick2682]

Exactly the video I was looking for. I have the same goal and didn't know where to put the money so I could have it at that age.

[@cameronclark3927]

My cousin did the same thing sold a company for 40 million dollars. He was 23 at the time. He was retired for about 6 months.

[@allahalkareem8055]

"I'm financially set for life times 25"...I wish I can say that some day

[@CodiTheJedi]

Someone get this girl over to www.reddit.com/r/financialindependence/ Answers all of her questions and anyone else's wanting to retire early.

[@annsmith3293]

r/leanfire is better for this.

[@iamkyleclimer]

Oooo I like what you said at the end there.

[@ronaldlindeman6136]

I read years ago a saying that didn't catch on, but that everybody wants to work, nobody wants to labor. Which is an explanation of definition of work and of labor.

[@TheTurdballs420]

Roth conversion ladder or rule 72t, those are two ways you can easily take money out of your retirement account before you retire. How does Dave not know this?

[@chasemallet6546]

Jim Smith Dave is very traditional and conservative and probably doesn’t want to confuse his typical audience

[@username00009]

@@chasemallet6546 even so, Dave did the caller a disservice by not telling her that there are other options. I can see why he wouldn't mention 72t distributions because they're easy to mess up, but a Roth conversion ladder is relatively simple.

[@stevemathews8429]

Dave.....I Don't I want to retire anytime soon. Well when you talk for a living who would want to retire? 🤔

[@gmc9753]

Look up "section 72(t)" for information on how to withdraw IRA money before age 59.5 without a penalty. You do still have to pay the regular tax on the withdrawal.

[@michaelgranger9139]

excellent advice

[@ReyReyloads]

I wonder why you have to wait until you are 59.5. Who made this rule and for what reason? This is why I always say to invest into yourself.

[@Phoenix11720]

Because if you could take it out whenever you want without penalty, then no one would use the other taxable accounts and government wouldn't get their cut

[@RedDawnGamingdotCom]

You don't have to wait until 59 1/2 IRS has a 72t plan to withdrawl early.

[@Rivs5117]

Yeah man I always wonder that also. That’s why I don’t do 401(K). I’ll just do mutual funds and other stocks.

[@annierosesmith6504]

Bruce Rivers me too lol... I thought I was the only one. I don’t like 401ks and retirement. I wanted to retire right away, as soon as possible...

[@XFizzlepop-Berrytwist]

And gov says you cant retire until 67.

[@johnclinton8435]

A retired person should keep himself fit.

[@ImNotADeeJay]

Yeah, it is unfortunate to die young when you had a life of freedom ahead of you

[@Soljessica]

Wow, the end of the video, I really like it, God bless you.

[@deepak2012able]

Good advice sir

[@annmarieb987]

56! I thought Dave R was much older 😂

[@kaohsiung99]

He's 60 now.

[@verfed]

The S&P 500 Index fund?! I thought Dave didn't like indexes. Glad to see he came around.

[@BC4SelfImprovement]

Crypto20. Diversify in Cryptocurrencies 😊

[@j.vosier6786]

Supreme Potential which websites should i use

[@compounder7332]

I work for a cooperation and sometimes it really sucks and I got the same mindset like this lady here. More pressure every year and the bosses get richer and richer...

[@karlmagro8806]

A good compliment for my tea thanks :D

[@hastycontemplation]

I wouldn't quit if I was Dave either, every situation is different.

[@truthseeker6338]

She is talking about Mr Money Mustache Iam with you Jennifer Iam also working towards that goal good luck and Dave got this one wrong u could be alot less stressed out and have time to exercise and eat healthy

[@blackworldtraveler3711]

juan cavazos Heck I work and still can do all of that even better than she will ever do. Not only can I exercise I can fly to the Cooks and exercise on the beach this weekend if I wanted.

[@GadeaOne]

Haha. MUSTACHIANS UNITE. I was the biggest fan of Dave Ramsey until i discovered Mr money mustache blog ;)

[@bighands69]

$6200000 would be enough for a 25 year old to retire on by age 40. People are underestimating how much they would actually need to retire. 2 million would not be enough money to retire on by age for for a 25 year old today.

[@NotShowingOff]

bighands69 right. There’s health insurance, there’s a house. Maybe kids. Plus emergency expenses. Having income and retiring can work out. But I feel like those types of ppl work any way. They just imagine themselves retiring.

[@justme4171]

BlackWorldTraveler Wow, you sound full of yourself.

[@kingtut4734]

I used to be part of the FIRE movement because I wanted to retire early so badly. Then I became a teacher and have a business on the side. I can't imagine retiring now. I still want to be financially independent but I'd never quit working. I've lived that life of having nothing to do every day. It almost got me institutionalized.

[@medinalake6074]

Totally!! I have no desire to retire either.. only to get more into what I love making money.

[@Riffman42]

Jennifer, go to Mr. Money Mustache, JLCollins, RootOfGood, etc.

[@shilpamshah1114]

I would add mad fientist to the list

[@drachireidnoc6659]

ChooseFi

[@username00009]

Seriously. Dave failed this question.

[@bobdingles4893]

don't marry or have kids. pay cash for vehicles. live cheap. save. invest.

[@invaderz1919]

@BavarianRev You can combine finances with a lover without getting married.

[@johnsantiago4810]

People that don't want kids are somewhat immature selfish people.

[@moelester775]

BavarianRev nope! You have everything to lose when you’re married! At any point of time, half of what you have is gone

[@jellybeans9283]

John Santiago no it's immature and selfish to have a child ( a permanent decision) knowing that you will not be the loving, joyful, nurturing parent they desire. And nobody asked for your 2 cents about their reproductive choices.

[@racpatrice]

@@johnsantiago4810 Excuse me? That's extremely narrow minded. You choose to have children because that's your CHOICE. 1. Not everyone has the same desires. Some people are ridiculous smh... 2. Children are very expensive so rather than struggle some people decide to not have any and live a slightly more comfortable life 3. Some people don't even like children enough to want them and/or may not want the responsibilty that comes with being a parent and that's ok too 4. Some people have medical issues and are unable to have any 5. Some people are actually called by GOD to be single and devouted to Him and His kingdom. Eg. Apostle Paul I guess according to people like you, the Apostle Paul who wrote 2/3 of the new testament and was used mightily by God is selfish right...😑

[@alexanderoh1847]

Not really a fan of dave in general, but this is a video where you can learn a lot from. Thanks for sharing I really enjoyed this one

[@deathmelon6789]

I'm 23, about to start a job where I make more than enough for myself. I plan on buying a very small/foreclosed house in cash, fix it up for myself, grow most of my own food and live very minimally as soon as I am able. I don't think it'll take me until 40 to even achieve this, but I hope to have a part time job/other stream of income when I can, but the bottom line is... If you want to work only for 17 or so years, you need to really sacrifice and downsize your life immensely. Focus on your necessities and mainly spend on those and save wherever else you can.

[@alexab200926]

No Dave please don't retire!

[@ultrashortbus]

Run for President!

[@bneyens]

Mr Money Mustache has ALL the answers on this.

[@omni1562]

The guy got divorced. That's so sad

[@KennTollens]

Everyone I talked to that retired wanted to go back to work. My grandpa said he worked harder on the farm than when he worked.

[@worknit2290]

He handled that question very well. Props.