Money Skills That Will Set You Up For Early Retirement - FIRE

One might get excited about the idea of early retirement, but to actually make it happen requires careful financial planning and some practical money skills. In this video, we look at some money skills that will set you up for early retirement. F.I.R.E
━Contents of this video ━━━━━━━━━━━
The "What" - 00:40
The "Why" - 01:01
The "How" - 01:45
Start Now - 02:02
━SKILLS━━━━━
Financial Literacy - 02:48
Frugal Living - 03:38
Learn to Automate Your Wealth Building- 05:04
Create a Passive Income - 05:58
Learn to Plan Your Mortgage - 06:43
━In this video, we try to answer these questions━
What are some basic money skills needed for early retirement?
What are the best money tips?
What are some practical money skills?
Am I ready for FIRE?
━Social Media━━━━━━━━━━━━━━━
Subscribe: rb.gy/v9to5d
Insta: / cerebral.life
Twitter: / cerebral_life
Facebook: / cerebral.life
Pinterest: www.pinterest....
#Moneyskills #Personalfinance #FIRE
Music: « Bensound.com»

[@WisdomWealth77]

What does early retirement mean to you?

[@francesca.pellegrino]

Means my partner doesn't have to work anymore, and that we can travel more while I continue to do the work that I love.

[@MaxTalks]

I like the definition you provided here although it is different for everyone!

[@TheKeyTakeaway]

Being able to work for pleasure

[@WagnerSaucedo]

Oh I'm all about frugal living! Making more money while NOT increasing your expenses is another big one too! Great video!

[@WisdomWealth77]

So true!

[@NathanHQ]

Hey hey…yes I think just doing the work you want to do is the new goal. Do nothing would be boring. Great video as always. They are so high quality! …Like 34 🙂 Happy to support

[@WisdomWealth77]

Yes! Thank you! :)

[@JessieOpportunityCostInvesting]

I like your emphasis on continual leaning. One of the best opportunities I got was being able to take classes through work. Thanks for sharing!

[@WisdomWealth77]

Wonderful! Learning should never end!😊

[@RJFinancial]

We really need to start teaching financial literacy. I can't think of the last time anyone has asked me to do calculus or geometry... swap it out for useful math

[@WisdomWealth77]

I 100% agree with you on this!

[@ELI5FI]

I "retired early" in January of this year. In reality, it was more like taking it easy for a few months before I got bored and started my channel.

[@WisdomWealth77]

Yep, retiring means we get to live life on our own terms not that we never do anything else, always gotta keep doing what we love.

[@RLFPowerCouple]

This is awesome!

[@thatmoneyguy7630]

How is your channel working for you? I would love to hear more!

[@IrvOfficial]

Such an underrated channel with amazing content

[@WisdomWealth77]

Thanks!!😊

[@WolvesOfInvesting]

Your tips are so simple, yet so powerful. Anyone following these tips should be able to achieve early retirement easily. 👍

[@WisdomWealth77]

Glad you think so! Thanks for the support!

[@elpanchitoruso]

"Imagination will often carry us to worlds that never were. But without it, we go nowhere."

[@TimLeakOfficial]

Early retirement to me means that you don’t have to work to live. Great video💯

[@WisdomWealth77]

Love that!

[@KelsAcosta]

My mom just retired 2 months ago and it's a learning experience 4 her as well as myself. Learn what true freedom is and go after it! Great editing 👌🏽

[@WisdomWealth77]

Congrats to mommy. Thanks for sharing!!

[@StayPositiveSTa]

"When it comes to expenses, identity your needs" This is the principle that I really need to practice because I've often spent money buying things that's beyond my needs. Feeling wiser. Thanks for sharing ❤️

[@WisdomWealth77]

Well said!

[@MONEYANDTIME]

Essential skills when it comes to growing money. Thanks for sharing.

[@WisdomWealth77]

Thanks for watching!

[@LearnGoals]

*_Wow I love editing of your videos , so entertaining and easy to watch and learn ! Amazing concept! Yes having a goal to retire early is awesome , everyone should educate themselves more where are how to begin👍🏻👍🏻_*

[@WisdomWealth77]

Thanks so much!! We both agree!😊

[@moneymechanics77]

It's about handling money well! Once you build up enough wealth to make work optional it doesn't mean you have to quit. It just gives you options you didn't have before.

[@makesaveinvest1401]

Great tips and insights!! Working a job we don't like or enjoy until we are 70 or more is just sad!! Thanks for sharing this inspirational video Cerebral Life!!🌟

[@WisdomWealth77]

Yea, I like the idea of financial freedom!

[@makesaveinvest1401]

Starting now is a good idea!! Often times we plan a life time and never start saving, investing or taking action!!🤑

[@WisdomWealth77]

Yep! the sooner the better!

[@totalshredfitness9022]

Great tips and insights! Early retirement sounds fantastic, tuned in ✍🏼

[@WisdomWealth77]

Thanks so much!

[@jfrealestate201]

Love the thumbnail! Most people don't prepare for this, very much needed. Glad I am a subscriber.

[@WisdomWealth77]

Thanks for stopping by!😊

[@stayrelaxed-musicchannel5951]

Great share on skills required for an early retirement👌

[@thehelpfulentrepreneur1148]

"Stay Focused on a Plan to made everyday Saturday" is what I often tell younger Entrepreneurs! 😀👍

[@WisdomWealth77]

Love that!

[@thehelpfulentrepreneur1148]

@@WisdomWealth77 😀👍

[@itsAriJain]

Watching this video reminds me of a quote "Most people die at 25, but are buried at 75". Great video thanks for sharing.

[@WisdomWealth77]

Thanks for stopping by!😊

[@TradingWithCJ]

Great tips here! I put money into my isa every year for retirement! Im not so much intrested in the FIRE community though haha, but the option would be cool

[@WisdomWealth77]

Good stuff! putting money away for retirement is definately the way to go!

[@JoseRojasYT]

I'm not necessarily focused on retiring and sitting around. But more focused on being able to do the things that I want to do, when I want to do them without having to be stuck in one area, or be able to keep myself financially stable. It is very important to start teaching Financial literacy especially at a young age.

[@WisdomWealth77]

Well said. Retiring isn't about sitting around. But freedom to do what you want to do!

[@LucidInvesting]

Brilliant tips, so important to just start now rather than wait for a 'better' time.

[@WisdomWealth77]

Absolutely! Thanks for tuning in!

[@Frugal101]

Very valuable information shared. Frugal living is great way to achieve early retirement 🙌 great video 😊

[@WisdomWealth77]

It really is!

[@jamesysmusic]

Great again, watched the majority. This a great video with some killer tips! And will help me! Passive income keeps standing out! The voice over is great too not robotic! Peace ✌️♥️

[@WisdomWealth77]

Thanks for the kinds words!

[@MiloneMoneyMindset]

I would love to be self employed and I’d categorize that as retiring early in a way. Great video!

[@WisdomWealth77]

You and me both!

[@GrowingFinancially]

Awesome Video. Agree, retirement doesn't mean your life is over and you live in a retirement home and do nothing. It gives you the freedom to do what you want. 😀

[@WisdomWealth77]

That's right!😁

[@Farouttravelandfood]

Beautiful sharing my friend . Thanks for sharing with us. love it!!

[@WisdomWealth77]

Thank you! Cheers!

[@WealthWisdomFinancial]

Another great video and super easy to follow. I technically “retired early” at 25 when I left my corporate job to start my first business. I don’t think I was financially independent though. Great video!

[@WisdomWealth77]

wow thats a young age! Great job!

[@UnboxingJobs]

Great vid defining early retirement to the how. Start now & can’t be said enough about passive income 😎

[@WisdomWealth77]

👏

[@BusinessBasics]

Big ups to financial literacy; knowing how much you spend, how much you make, and learning to live within your means will help you to accumulate wealth (which you can then invest to create passive income). Surprised many other places around the world don't emphasis the importance of good financial information. Thanks for sharing!

[@WisdomWealth77]

So true! Its so important I wish they started to teach this stuff from kindergarden!😁

[@shan6033]

this is so important. they really should be teaching skills like these in schools!

[@WisdomWealth77]

Exactly!

[@StanWithaPlan]

For me it means that I can work less and enjoy the things I like doing and get to spend time with the people I love! :) Thanks for sharing, I think we should all aim to retire early!

[@WisdomWealth77]

Love that!

[@SimpleLifeSG]

Great video. Keep it up with your hard work. Financial freedom is what we want. Make good use of your money. Like #15

[@WisdomWealth77]

Yes! Thank you!

[@MaxTalks]

Loved this, your animations and transitions are so smooth and your voice is so soothing too, plus you had some great tips! I definitely know for number 6 that when I get a mortgage I will be paying it off ASAP!!

[@WisdomWealth77]

Thank you so much!! Yes being debt free is crucial!

[@MaxTalks]

@@WisdomWealth77 you're welcome and definitely!

[@TrishLee]

Just what I needed to hear today! Thank you for sharing this with us and keep up the work! :)

[@WisdomWealth77]

You are so welcome! Thanks for tuning in!

[@francesca.pellegrino]

Housing costs are no joke. Transitioning to another state means saving outside of my 401K and HSA is non-existent. :\ But, new company contributes double toward the 401K and pay increased significantly. Once I'm no longer paying for 2 dwellings, the savings will be even more than before!

[@WisdomWealth77]

Right you are! Thanks for watching!

[@totalshredfitness9022]

Great tips thanks for sharing sharing 😍👍🏽

[@WisdomWealth77]

Thanks for watching!

[@moneyandi5849]

Great tips. I am working towards retiring early

[@WisdomWealth77]

Wonderful!

[@MovewithJenn]

Starting early is the most important thing you can do. It just compounds! And taking that extra money and saving it really does make such a difference down the road. Having more capital means you have more options to do what you want! Really hope I can achieve this retire early plan one day :)

[@WisdomWealth77]

You definitely can do it, Imagine retiring early to just focus on teaching exercise lessons.. that would awesome!

[@MovewithJenn]

@@WisdomWealth77 that would be awesome 😍

[@prokurbah]

Great video mate. Thanks for sharing. Keep up the awesome work. Full support

[@WisdomWealth77]

Thanks for the visit

[@BendnStretchwithSue]

Early retirement to me means doing what you love to do whether that is work or play 👍

[@WisdomWealth77]

Exactly!

[@myBSlife]

This is great info. Legit key info I need!! Thanks so much! Brad

[@WisdomWealth77]

Any time!

[@makmohssine]

Very informative and precise,

[@WisdomWealth77]

Glad you liked it

[@MichielVanTilborg]

Inspiring content and really love the production quality! New sub here and smashed the like! 😀

[@WisdomWealth77]

Awesome, thank you!

[@junsreallife664]

good information about money skills HUGE like 👍 Wow so many bras, very interesting, full watch

[@WisdomWealth77]

Big thanks

[@BlindIdiocy]

Great video my friend!

[@WisdomWealth77]

Thank you! Cheers!

[@fififinance7469]

great love this video - unbreak those chains!

[@WisdomWealth77]

Break em! lol

[@NathanandmeAdventures]

Mostly now adays even they are old some if my co workers is old and not enough money mostly buy the one that not really need the most and supporting family too thats why

[@coincollectingfun]

Like 20!!! So cool

[@WisdomWealth77]

Thank you! Cheers!

[@LIVINGAUSTRALIASINHALA]

Wow really amazing!!

[@WisdomWealth77]

Glad you think so!

[@empoweredpersonalgrowthboo3787]

earn, save, invest - compound! And, start early 😅!

[@WisdomWealth77]

Well said! :)

[@joonjoung38]

THIS! How do we broadacst this for more people to see? how!

[@WisdomWealth77]

haha! I know right!

[@GrowingFinancially]

Great video, Agree, it the freedom to decide when you feeling working. A lot of great tips 😀 I don't like buying Doodads "like what Robert Kiyosaki says" Working hard on my passive income 😀 Thanks so much for sharing 😀

[@WisdomWealth77]

So true! Kiyosaki is the man!

[@ShawnsImagination]

Great advice

[@WisdomWealth77]

Thanks for tuning in!

[@BURPEEyogauncle]

good one, 2nd comment..dunno where first one went

[@WisdomWealth77]

I saw the first one as well.. Thanks for the support!

[@Real.Estate.Report]

Moral of the story: START INVESTING NOW!

[@WisdomWealth77]

You got it!

[@BURPEEyogauncle]

the earlier we plan, the better..time waits for no one

[@WisdomWealth77]

Agreed!

[@turisteandoentexas]

Always always ask yourself "how can I improve myself today?"and ACT on it. I assure you, YOU are the only one that CAN!!! From🌺 Determined to Rise

[@WisdomWealth77]

right on!

[@LifewithAlex19]

thank you for the tips.., hello friend.. your new neighbor i hope we support each other..see you around

[@WisdomWealth77]

Thanks for coming

[@RLFPowerCouple]

Early retirement means no longer having to have a 9-5 and just focusing on businesses!

[@WisdomWealth77]

Well said!

[@anthony.tai.]

We gotta put money away as early as we can! and not buy the newest clothes n stuff.. (says the style guy)

[@WisdomWealth77]

😝

[@stepclosertosuccess996]

My goal is to retire early.

[@WisdomWealth77]

I believe you will do it!

[@chefelena7573]

Good afternoon, I invite you to be friends with channels.

[@thelearningbug6959]

Retire your job, but never retire your mind!

[@WisdomWealth77]

exactly!