Retire by 35: My Financial Plan for Freedom.

[@yannicklucero2202]

Literally watching this while im sitting in a cubicle of my 9-6 sunday-saturday corporate job. I'm 22, graduated as an aircraft technician - now I do powerpoint presentations. I feel like I'm literally wasting away during this pandemic but grateful I managed to get a job. This video gives me hope that I won't be stuck here, I hope you know how much you're helping out the lil guys, Steve.

[@scholaroftheworldalternatehist]

Just save alot and invest

[@winstong7438]

One of the few subscriptions I can point to when people tell me I’m wasting time watching videos

[@JazminBautista]

Those same people are watching Netflix 😂

[@evolvehumans-selftaughtfin4556]

I'm 27 and have set a goal for R$1 million by 32 and have mapped it out too. Glad to see there are like minds out there.

[@myfarmingdestiny2627]

How do you plan on achieving this if you don't mind me asking? Is this with the purchase of a house as well?

[@evolvehumans-selftaughtfin4556]

@@myfarmingdestiny2627 Mostly saving most of my income, I can save around 70% nowadays, and investing in stocks and real estate. No house! Just renting for now, maybe house hacking one day.

[@myfarmingdestiny2627]

@@evolvehumans-selftaughtfin4556 that's awesome! I wish you the best my friend :). I'm up to saving about 50-60% of my income. Hopefully i can get to 70% soon!

[@evolvehumans-selftaughtfin4556]

@@myfarmingdestiny2627 that's awesome man, we're way ahead of the curve, good luck too!

[@jdl9623]

What is R$1 million? Is that some type of currency?

[@ericaardenearningsixfigure5263]

I'm 25 and planning to retire between 40-45. I could go earlier, but I've got a pretty ambitious target for FIRE. I want my passive income to hit six figures per year so I can travel the world!

[@Bigboss-xe6lm]

You can travel with less. But its good to have a big FIRE number!

[@computertechhelper]

Good position to be in, good luck 🤞

[@andrewjohnson9437]

I’m 19 and plan on retiring by 40. I don’t have a plan as detailed as you, however I do have a plan! Just got a sub from me. Love the channel keep up the great work. Hopefully we can make you more than $5 a day. Watched all the ads to try to help however I can!

[@pumba6099]

Spend a year in the Fire community your plan will change you can retire by 30 if you wanted too

[@andrewjohnson9437]

@@pumba6099 I’m just not sure that if I wanna sacrifice that much to save 10 yrs

[@anthonybertin1574]

@@andrewjohnson9437 life is short, sometimes certain risks are to be made

[@nelsonofalltrades]

Time is on your side. Being your age, and already taking steps to plan for your future finances, is a huge step in the right direction. While you're young, and have not had enough time to make too many stupid financial decisions, learn how to either prevent debt (or leverage it carefully based on your personality type - spender or saver). Don't blow your money early on depreciating liabilities - only buy things that will net appreciate. Do not allow lifestyle inflation when your income increases. Begin to invest as soon as you possibly can, before you have dependents if possible, because compounding interest will be your best friend. You've got this. It's easier than you think.

[@josepablobermudez6283]

Dude, that trailer was so FUCKING awesome, like that was so much better than the average course on finances, if you're able to put that course in front of a lot of people i think they're gonna be really interested because its actually FIRE

[@GarethBushMusic]

I'm 30 and have hopes to achieve financial freedom by 40. Let's do this.

[@jodie1074]

Yes!! How is your investing going Gareth?

[@hz6494]

I plan to "retire" from corporate at 26 year old. Started earlier than most and have been planning and saving to quit it early

[@TheKoolioz]

I honestly can't get enough of finance youtube

[@JaredBusch]

Loved this bro. shit, I need to buckle down..

[@steveantonioni]

Thanks dude! Haha, it all starts with a decision my man!

[@shutchis5000]

At age 61, I have been retired for four years. Everything you say makes sense. I will definitely stay tuned to see how this plays out.

[@dorisojage]

Great value here.. This is the kind of mindset I want to vibe with.. I have a plan to retire by 38...wow it feels great to put it out there... Thanks again for your perspective

[@linnyunt]

Wow, awesome to see Matti on the channel! I've been following him for years and I noticed he commented on one of your videos before. I love that you guys met up. You've been doing great on your own but awesome that you can network with other big KZbinrs.

[@seoul2k11]

Recent studies show, that for early FIRE achievers, the 4% rule should probably be adjusted to a 3% rule, since you'll be retired for a much longer period

[@AlpineDividends]

Nice perspective. I started a KZbin channel when I was 23, and now at 31 I live off it entirely. Started this one as a second project to have some fun while investing. Good luck!!

[@scholaroftheworldalternatehist]

What's your main channel?

[@taylorbeach5863]

this whole channel speaks to my soul. so glad I found this!

[@jacksmith3386]

I'm 17 right now and have turned 4k into 23k through solid stock market investments over the past 2 years. I'm hoping to retire with 2 mil at 30.

[@thebestthingthatneverhappe6729]

likely gonna need additional investment vehicles like real estate etc and continuous job advancement or your own business

[@The_Janitors_Closet]

What have u invested in?

[@zachnunya8749]

@@thebestthingthatneverhappe6729 nah all in Tesla

[@kaydenkwon5345]

Hey, professor, I am 31 years old with a wife and a kid, no house, i hope to get to financial freedom by the age of 45 in order to provide a comfortable life for the two girls at home. I got about 13 years to accomplish this goal. I am excited to take on this journey with you. It would be very fun to see where all of us will arrive in the year of 2030. Please keep up the good work sir.

[@kenji_ignacio]

This channel is gonna grow fast. Great quality and info!

[@steveantonioni]

Thank you!

[@gaileickhoff116]

Becoming financially free takes a lot of discipline. Neither of my parents invested when they were my age, so they both worked until they were super old. Learning from their mistakes, My Husband and I started investing right before the pandemic and managed to grow our account from $25k to $270k. It's not much, but I can say we are financially free and don't have to rely on a paycheck. Financial security through diligent saving and investing should be ontop of everyone's priority so when the economy burns you out, you can pursue other options and have something to fall back on. Feel the pain of discipline early or feel the pain of regret later. I wish everyone well!

[@gaileickhoff116]

Hello Jeremy, honestly it takes a lot of discipline and sacrifice. I'm lucky to have the provision of a fiduciary wealth advisor (Rita Drace Lind) me through this journey. She works at a USAA near my office so I see her often to discuss my financials. You can use something else. Vanguard is easy to start a account.. but the best avenue is to contact your financial advisor. He/she would be a good source for a reputable advice. Rita really pushed me and made me realize what is possible when you're intentional with your finances

[@tlb6127]

Congratulations Dana, that is an awesome accomplishment! I've actually been looking to invest aggressively in stocks, I live in Florida and have about $85k saved up for investments. My problem w/ the stock market is that i dnt have enough experience to make good gains. Btw, I've just googled Rita Drace Lind and researched her accreditation and qualifications from FINRA and SEC. She has good qualifications and very impressive resume, I wrote her on her webpage and waiting to hear from her. I am excited to hear what she has to say about my situation and see how far i go in 5-10 years time. Thanks for sharing your journey, motivated!!

[@erosfederico7024]

this made me realize I gotta do my stuff right now. So off I am and thanks for the inspiration, your story and life motto

[@tobirates916]

Lol, clearly an ad for this financial advisor masquerading as a personal experience. 🤣

[@Mo-tn7lv]

@@tobirates916 😂😂😂seriously they're everywhere!!! Hopefully nobody falls for it!!

[@sistaschin]

I really appreciate your transparency 👍

[@AKVisuals]

Came from matti's channel, paused in the middle of his vid to come and subscribe to your channel. way to go man !

[@jv_lamsen10]

Dang, I chose the right video, I totally came here because I watched Matti’s Vlog where you’re in it. And now Matti’s on the exact same clothing in a different video. Cool!

[@BrendanEvan]

Retirements not an age! Been subbed for a while but it’s fun to see you connect with Matti

[@zalaquin]

I’m 26 and have a house and kids. If it takes longer for me to retire so be it being a father is the most fulfilling.

[@electric-fire21]

Solid video man! I think at the rate your KZbin is growing and how smart you're being about investments, you might be surprised to end up retiring even earlier!

[@financejay8461]

I’m currently 20 years old, I want to retire at 21. 🙂

[@JazminBautista]

Nothing’s impossible

[@La_Verge]

Caught us in the feels at the end again. that ad made me want to buy the course. Good job.

[@steveantonioni]

All about the feels ☺️

[@leahsfieldnotes]

Been watching so many fire videos but always felt anxious about predicting my financial future BUT THE MULTI SCENARIO APPROACH 🤯🤯🤯👏👏👏

[@kaysen1623]

Dude , u are amazing. I love how realistic you are . Not hard selling but just real content. Thank u for this !

[@tirrellbethel]

Glad this channel was on my recommendation list. 25 years and I feel like I've wasted a lot of time already. I don't think I provide so much of a service that can help society. But I do want to make a youtube channel making small comedy skits, i like acting and eventually get better with camera gear, editing and shooting in the long run. Just need to get over the fear portion of not being good enough. Not sure where that will lead me but I'm hoping somewhere positive. Maybe then if I "make it big" on KZbin (depending on what one means by it) i can use that money and put into different things like stock and index funds (ignorant about those as well). Idk...just in my mind sorry for the rambling if you read this far. But I do have faith that you all will go on to do big things. FIRE. 💯🖤

[@raphaelcordion2097]

I'm in my late 20s and I'm working my ass off, just so I could retire at 45, been reading about people that grew a profit of $150K-$380k within 2months and I'd like to know how I can outperform the market and make better profit.

[@almondmanny6882]

they most probably invested in both real estate and stocks

[@lorenzomartin5497]

The best investment strategy is not a strategy but a complete investing Process. Strategies may or may not work depending on other factors such as market conditions, investment conditions, using the strategy with the proper trading style, support, and resistance to using, stop loss type to use, order type to use, and more. If you’re looking for success in the stock market, you need stock trading strategies that work.

[@sarahgouyen6687]

@Laura Patterson The one effective means I use to maximize profit is to stay in touch with my financial coach and mentor for guidance, it might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market during the pandemic and raise a profit of roughly $250,000 since July till now

[@lars3016]

@Laura Patterson I keep saying it, most people actually get help but would rather act like they did it solo. i tried investing all by myself after practicing with demo accounts but i still failed, i had no other choice but seek help from a coach and I'm doing better now

[@raphaelcordion2097]

@@sarahgouyen6687 Hi Sarah, would you mind hooking me up with your coach?

[@russellmatthews]

Incredible production value on these videos, Steve! You really have a talent for it! :)

[@JazminBautista]

He’s producing so much value

[@nikkid6395]

Thank you for sharing! 39 in December and plan FI by 46. I may go ahead and add the RE when I reach my goal. You have presented great ideas

[@HefTrade]

I've been watching your videos for about 3 weeks now and I'm loving your style, Steve! Keep at it!

[@helentyler7072]

We just started watching your videos today and it really motivated us to try and reach our financial goals early! Hope everything works out and good luck!

[@howcanyoudothistome]

I just turned 35 yesterday. I work as a software engineer in Toronto and had 120K saved by the time I was 26. I am still saving and investing, but I'm still far away from retirement. Why? Because life throws very unpredictable events, add to that the fact that a small condo in the GTA goes for 600K. Inflation is a real killer too, so 9 years from now current money will be worth a lot less. Your goals are very ambitious, and I encourage you to keep doing what you are doing because your videos are absolutely inspirational.

[@MatthewAT]

A very good point by Amer, for anyone else wanting to know if they're on track and isn't aware of how to measure that, WealthSimple has a very useful online tool " Free Canadian Retirement Calculator" that can take inflation, expenses, and all else into account. I'm 26 with the same goals and have experienced my fair share of costly unpredictable events so really appreciate your comment Amer :)

[@baileyunterwagner3570]

I love the transparency in the videos. Keep up the good work 😁

[@borsfinance]

*This is inspirational*

[@GadgetTrish]

Found your channel from Matt's Channel. Congrats to your social media milestone, and I just subbed to your channel because I am on a mission of "F.I.R.E." too.

[@titothethird9832]

wtf happening in the background at 7:13

[@steveantonioni]

Hence why I said kids aren't the most appealing thing to me right now 😂

[@elplatuo990]

How bout retiring at 25

[@1.5Koreans0.5American]

Don’t lie, who else is hustling to achieve financial freedom and retire early? 🔥🙋‍♀️

[@steveantonioni]

🙌

[@MrsInvest]

holla!

[@FabioACSantos]

Coming from Matti's channel! Subbed!

[@seanfrank4158]

Here's hoping you accomplish FIRE at 35. I'm 47 and started really getting serious about savings and retirement WAY too late. I've lost so much compound interest. If I could offer one piece of advice to folks out there it would be this. START SAVING EARLY. You don't need to put thousands of dollars away each month and live like a hermit in a cave somewhere.....start small and the money will grow over time.

[@edwardlora4918]

This 5% rule is Completely wrong.when you buy a house you can put down as little as 5% the rest is leverage so when the house 3% a year you’re total investment went up a lot more.Also in most cases the cost of rent is be slightly higher then the mortgage/taxes/insurance

[@greenviewmedia6186]

any time i see my other favourite KZbinrs in the same video, it's like watching the Avengers assemble in End Game. So good.

[@neiong3671]

Another solid video. Love these man. Keep them coming. Very informative and insightful

[@PierceJPeterson]

Awesome video man! Love hearing about FIRE!

[@quietmind0zero]

Is crucial you start off young! Time is your ally.

[@SavvyFutbol]

You’re channel will boom now

[@LifeofKairo]

Chuffed I stumbled on your channel Steve! I'm 33 now and hustling to get to $1m in the next two years but will have to use some different tactics I think 😉

[@Asjaarboc]

love your videos they are awesome!

[@baudeliomagallanes949]

Interesting numerical numbers for savings rate, to be clear are you stating that you will be able to increase savings by 10% annually. In theory, you would have also increased earnings?

[@King-zo4vv]

Yooooo... u just hit 20k😭 im so happy for u man💪🏾

[@LukasPressMedia]

Thanks for this financial education! Definitely will check out your course 🙏

[@zachwestbrooks5371]

youre going to hit a million subs in the next 2 years trust me and your life will change. Your content is great and you're growing very quickly currently. I bet you will be able to live off of more than $40,000 by the time you are 35 because your youtube channel will have atleast 2 million subs. Keep up the great work!

[@lizsmithson06]

Another great video! Love the breakdown of your plan!

[@cstmedina]

My plan is to retire by 42. If I want to work I can or have several hobbies I can or volunteer I can....that's freedom

[@kennethupshur]

Always great content!

[@1234soccerboy]

Great video! Did you include taxes and inflation adjustment into your forecast?

[@computertechhelper]

How do you define how much you get each month to retire on, what is the 4% rule ? Are you basing it off enough money for retirement up to the age of 100 ?

[@betafinancesquad]

Awesome vid Thanks for sharing!!!

[@vincentbuscarello1357]

Millennial Canadian Dave Ramsey is a new favorite

[@greggrey6352]

Lots of people invest, but only into retirement accounts! I assume that with all that you are saving, you have maxed out your contributions to retirement accounts every year! Where do you put the rest? In 'general savings' accounts? or some way to minimize taxes? I hope this question isn't too personal. Thanks!

[@Akilan21]

Eh my fav finance utuber, btw what editing program do you use?

[@tolispanagiotou]

thank you very much man so inspiring :)

[@yoshikotaniguchi1368]

Hi! I’ve been consistently cooking at home for 2 weeks and opened a QT account to invest in index because of you and a few other finance channels! I wanted to ask if WS still doesn’t have drip system and how much affect it has? Thank you 🙏 ✨ Love your contents!

[@kavinsilva9739]

Hey!! I just saw this reading through the comments. I've been using Wealth Simple for a while now and unfortunately it still doesn't have DRIP. The good thing about it is that Wealth Simple doesn't have any transaction fee. This means every time you receive a divided you can buy stocks without a fee being incurred. While it does make things a bit more annoying, financially, it doesn't make a difference. Hope that helps!

[@CheeseSlicess]

My fire number is 1.1 million ( pounds as i am in the uk) as I am concerned about inflation. That said I live on very low expenses at the moment with a good job so I can save 65% monthly after tax. I’m 33 and my calculations currently project my early 50s 😅 and my portfolio is currently at £45k invested, so I wonder whether you could dive more into how you see your contributions rise so much to hit 900k in 9 years?

[@irishwealth6346]

Awesome video, really love the transparency and the way you find new ways to deliver your content. Absolutely outstanding stuff 👌

[@mikebertsch8747]

Good stuff! Was someone getting attacked by bigfoot at 7:13?

[@LisaCulton]

40K felt like a meager existence a bazillion years ago when I was 30 and I was doing everything possible to increase that amount. It just wasn't enough for me to enjoy life as I wanted to. Just saying.

[@DesignYourUniverse]

Great video, you just earned another subscriber :)

[@Ullahussain]

I’m gonna copy paste this into my life

[@JazminBautista]

😂 same

[@TechbyParker]

Great content man

[@juliebourassa276]

I'm 34!! I might have to adapt the projet a little!! ha ha! But freedom 45 sounds great to me!! :P Great video as always!! Keep em coming man!! :))

[@KM-eb5xw]

Great video Steve 😄 the quality of your content is fantastic. Keep it up my dude!

[@0karitah]

Greetings from Brazil. Im atonished by your content quality. New subscriber here! keep it up! Let the 🔥 burn!

[@YahTab]

On that KZbin grind so I can quit my job too lol

[@steveantonioni]

It's the best feeling in the world!

[@laurachamberlain9591]

Question: Where is the best place to invest in index fund?

[@HibiscusHigh]

Good luck in achieving your plan. I wish I knew about FIRE 25 years ago at your age and all the positive potential of FI and RE. 🙂

[@wadeharris348]

Retired by 35 is possible. What is your walk away number/lifestyle?

[@wakingworks]

I saw you recommended webull but how do you use it when you're in Canada?

[@chrisf7047]

Love the vids. Question though- is the 4% withdrawal rate safe to assume for retirement in your mid 30s? I’d maybe assume 3% to be on the safer side...

[@ManagingFI]

Love your content and the production value of your videos. Keep it up, I think you have a great thing going. If you haven't checked out the website Early Retirement Now, I'd recommend it. There's a fairly dangerous misconception floating around the FIRE community that a high success rate with the trinity study at 4% for 30 years extends to 40, 50 and 60 year time horizons. The success rate drops quite substantially. Things also get more complicated on the RE side when you're drawing down. Cliff notes are that you need to look more at the 3.25 or 3.5% rule for retiring early. Call it saving 30x your expenses. You also need that percentage of money net of any taxes and investment costs (expense ratios). In your case you're building a business which will keep producing an income so this will be a different situation for you. However, for someone that thinks they can save up 25x expenses, quit and successfully live off that for 60 years they might be very unpleasantly surprised.

[@carenjacks]

When are you sharing the spreadsheet?

[@maheshv3546]

Did you miss inflation? 40000 @35 which you have calculated would be worth 30000 @26, current age (assuming 3% inflation). BTW I liked your earlier videos much better, this one seemed bit full of promotions. Best Wishes!

[@carlosc.639]

Your videos are great man. I would like to know your thoughts about retiring young in a development country like Mexico, it seems to me that you need more than saving in order to achieve that, as $/hour rate is terrible.

[@nithinravi4401]

Totally agree with you !!

[@regulareuropeaninvestor2154]

What is your favourite income stream? Great visuals, mate, especially the old guy slap :D

[@aretegames7856]

I'm on the same boat with similar plans. I am excited to see you progress in the future

[@FinancialBeanstalk]

Heck yes dude!! Solid video as always. 35 is my goal too, time to kick it into gear!

[@steveantonioni]

Let's go!

[@FinancialBeanstalk]

@@steveantonioni I’ll definitely be taking a look at your course!!

[@CodyMcManus]

Where in Canada are you from? I’m from Calgary myself! Great vid 😁

[@marc4770]

Don't use wealthsimple trade if you want to buy USD stock. Questrade or IBKR will be much cheaper in the long term otherwise you will lose a lot in Wealthsimple biased usd-cad conversion fees when you sell your investments.

[@marc4770]

If you sell 1 million worth of USD stock on Questrade it will cost you $5 (fixed fee). If you do the same on Wealthsimple it will cost you 15k. Yes 15 thousands (1.5%) vs $5.

[@emtouree9404]

Great value. Working on creating more sources of income atm =)

[@mTucci]

It's Matti.. small world. Keep at it man 👊

[@Kaab]

you can live in half of that per month if you change country

[@Prollosoph]

Great Video mate 👍 I made the same experience with sceptical collegues about the financial freedom (FIRE) philosophy. You will make it no doubt and inspire many with your journey 🙂

[@benasleo]

Dude, don’t worry about your income - your channel is exploding ;)

[@zash5pro]

Love it About to go to college too But this education college is great and interesting