Coast FIRE at 30 with $300k (w/ Anders Skagerberg)

Anders Skagerberg and his wife Paige have grown their investment portfolio to over $300,000 by age 30!
Today, we’re going to learn how they accomplished this family financial goal and how this affects their family journey going forward.
CHAPTERS
0:00 - Intro
0:34 - About Anders Skagerberg
1:00 - Coast Fire 5
4:18 - When Did You Start Investing?
7:10 - What Kind of Accounts Do You Use?
9:15 - Couple Communication Tips
11:00 - How Are Things Different Now?
13:10 - One Step To Get To Coast FIRE
15:00 - Outro
#CoastFIRE #CoastFI #FamilyFinance #personalfinance
RESOURCES
Anders Skagerberg (Website): www.coastfiguy.com/
GUEST BIO - Anders Skagerberg
On the one hand, Anders Skagerberg is a money-optimizing nerd-a CFP® professional and Enrolled Agent (EA). But on the other hand, he's a family man, determined to be present and involved, no matter the financial "cost."
And that's why he loves this Coast FI strategy-it offers him the freedom and flexibility I want now while ensuring that my future retirement needs are secure.
OTHER VIDEOS TO WATCH
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Coast FIRE Achieved! $1 Million by 50 (w/ Brad Long)
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Coast FIRE with $400k by 30 Years Old
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MARRIAGE KIDS AND MONEY:
This award-winning blog, podcast and KZbin channel are dedicated to helping families build wealth and thrive. Each week, Andy Hill shares actionable advice and tips for family financial independence. Also, he interviews personal finance experts, families who've achieved financial independence and debt-free parents to inspire you to do the same.
BIO - ANDY HILL:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and watching Marvel movies.
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DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
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CREDITS
Research & Writing: Andy Hill
Video Editing: EditVideo.io
Thumbnail: Ardi, The Thumbnail Wiz
Channel Management: Josh Doering

[@MarriageKidsandMoney]

What do you think of the advice from Anders Skagerberg?

[@wealthbuildingstory]

As I get further in my journey, I think CoastFI makes the most sense for me too!

[@MarriageKidsandMoney]

Glad to hear it! You can always change course as Anders shared

[@yasminogbu8929]

Anders & he’s wife really work as a team! They’ve reaped the rewards of it too! Love it! 💫

[@MarriageKidsandMoney]

Absolutely!

[@gracewatson272]

Thanks for this video! Great to hear a very tangible example and how it has impacted Anders and Paige now as well as their outlook for the future. Awesome work, definitely inspired to work on this too!

[@MarriageKidsandMoney]

So glad to hear you enjoyed the interview! Anders and Paige are excellent examples

[@bryanjgum]

Thank you for putting this video together. I have a couple of questions, though... how are you factoring in inflation/purchasing power as well as taxes. Based on Anders current lifestyle, the 4% drawdown of $68k on $1.7M sounds reasonable... but 30 years from now, $68k is the equivalent of $26k in today's dollars (assuming 3.2% average inflation)... and that's before taxes (which as we learned, Anders won't be 100% Roth). How are you factoring this in?

[@MarriageKidsandMoney]

Great question! Taxes and inflation are very important factors to consider. You’re smart for thinking about those realities. Anders used a real rate of return of about 5-6% for his projections on where his portfolio will go over the decades. This real rate rate of return factors in inflation over time. Loosely, that’s the average return of his portfolio over time (say 9%) minus average inflation over time (say 3%). It’s important to factor in inflation because our money 20 or 30 years from now will not be worth as much for sure! As for taxes, consider the type of accounts you’re in and estimate accordingly. If you’re in pre-tax for all, that could have more of an effect on your overall income in retirement. If you’re in a taxable brokerage or Roth options, not as much to concern yourself with. Did this reply help with your question?

[@bryanjgum]

@@MarriageKidsandMoney Got it! I must have missed the part early in the video where he's already accounting for inflation in his real return assumptions. Thank you!

[@donaldlyons17]

@@MarriageKidsandMoney Well depends on taxes etc. Truth is many wil lstay broke because they make too little so they are screwed from the start.

[@Lolatyou332]

I don't think I'd stop investing until I had atleast 1,000,000$ in investments. Your dollars are just still too valuable at the age of 30 in combination with still being able to make quite a difference in the total amount with additional dollars added.

[@King-kd8mz]

Some people have different goals sometimes it’s about freedom not money

[@SurpriseMeJT]

Yeah, but the effort to get them to their current point probably warrants a break at the very least. If they feel like they have had enough freedom, they can save again if they want. The key objective of coast-fire is reaching a point where saving can be a choice rather than a need. I do get what you're saying though - there could always be an emergency which might require some savings and maybe even dig into the retirement, rendering us back to being in savings mode all over again - so it's always better to have more than enough first before considering yourself free.