The 4% Rule | How To Achieve Financial Independence

[@MIchaelGuzman737]

It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[@CynthiaByrd648]

Effective personal finance management is more significant than the amount of money saved, independent of income source (work or investment). To optimize financial outcomes, individuals might seek help from a professional financial advisor, who can provide specialized advice and strategies to reduce expenses and maximize revenue.

[@sommersalt88]

@@CynthiaByrd648 I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@kashkat987]

@@sommersalt88 This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?

[@sommersalt88]

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "JILL MARIE CARROLL" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@kashkat987]

@@sommersalt88 This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.

[@katherinedunnington4503]

The thing that never seems to be explained on the 4% rule is that it’s the rule to preserve the initial capital NOT the rule for how long your money can last. If you’re ok with not leaving a legacy and spending down the principal, then you could withdraw a greater amount. Tae, thank you for at least mentioning that assumption.

[@christopherfujino]

Although you're gambling on how long you'll live.

[@RubbingPotatoes]

It's a rule of how likely and how long your money will last i.e. having a positive balance, not necessarily preserving capital. 4% rule is generally safe for 30 years, but it's a probability game so in the worst 5% or so of econonic scenarios you could end up losing all capital.

[@fromthecatskillstotheworld6470]

One of the best wide-view analysis and explanation of the 4% rule. It is a great guide and starting point, but not a blind rule to follow. The idea that inflation can be blindly increased for is short-sighted and foolish. In addition, in bad years taking out a little less will really extend one’s portfolio. Belt-tightening and a little splurging is a natural and normal part of our financial lives.

[@kennydowning8206]

Thank you, I've been looking for the break down of the portfolio in the 4% study for a while and you just answered the question for me at a high level.

[@BigNoseDog]

The most valuable part of this video is where you discuss lifestyle spending. In my 20s and 30s, I equated being frugal with eating one’s vegetables. In other words, it isn’t fun. I eventually read about the 50-30-20 budgeting rule. Like healthy eating, it requires discipline to stick to a budget. But just like eating healthy, it’s worth it in the long run.

[@dorissteve912]

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

[@dorissteve912]

The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. get a financial assistant

[@dorissteve912]

I currently work with Karina Mattis a financial expert i met in a seminar

[@dorissteve912]

I have been able to make maximum profits off my trade with $40,000 and I have amassed about $190,000 in net profit In 4 weeks

[@dorissteve912]

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[@ebob0531]

@@jessicamamikina7648 buy an S&P 500 index fund and hold for 50 years

[@jimstoops]

To me the important point is the expenses after retirement. What is one of the biggest - housing. So focus on reducing that number goes a long way to reducing the retirement expenses. I'm putting extra into my mortgage principle and will have the mortgage paid off by retirement day. Not easy for everyone to do but it should be part of the discussion and strategy for success.

[@tankberserkererer]

The idea that the 4% rule is independent of income is a huge takeaway for me. My wife and I make combined 150k at 28yo, and that takeaway shows despite having a lot of disposable income, we still need to cut back on our spending to get FI earlier.

[@jmm1817]

​@tankberserkererer good job. Invest 20-50% of your income for 5-10 years in total market index fund and you will be amazed how much money I had two years where I put away half of my income which is pretty large and I can't believe how fast my net worth increased

[@mattgrable5599]

Invaluable, quality advice on this channel. I've often thought about making a channel like this myself but have convinced myself the time investment is too much right now. Tae is providing such rare and desperately needed information to many. Hats off to you, and I expect to see you channel's growth grow steadily and incrementally to afford you more than the lifestyle you dream of. Tortoise style! Maybe even turbo tortoise style : )

[@neildesposito1492]

Great video, very interesting, please don't stop with your informative videos, thank you.

[@EvanHobson]

Great video! Thanks, Tae!

[@geoengr3]

To be clear the Trinity Study defined "success" as a portfolio not running out of money. A successful allocation/withdrawal combination would not necessarily preserve the original principal account balance.

[@bvoyelr]

I've always wondered -- has the "financial community" such as it is ever revisited the question of asset allocation in light of the idea of index funds? The typical advice is to start out mostly allocated in stocks and shift to safer vehicles as you approach retirement. But index funds don't seem to carry the same risk profile as stocks even though that's basically all they are. They can still crash, mind you, but they don't even exhibit the same behavior when they do crash -- they crash less and bounce back quickly, so even if your fund does suffer, it's never for long (I suppose it's possible for an index fund to go belly up, but I can't imagine a scenario where that would happen without other cataclysms rendering it comparatively unimportant). Unless you're living on a razor's edge financially, you can theoretically wait out the crash by reducing your income for a while. In light of this, I wonder if it's really important to diversify into lower risk savings vehicles anymore. I'm at least curious what more engaged individuals think about it.

[@LooseArrowBoy]

The diversification into safer assets was encouraged by those who planned to exhaust their portfolio by the time they died. Thus they need to retain the cash value. People in this scenario likely were not able to develop a significant sized nest egg to out pace their needs. Ultimately they will need family, social security, or other incomes in retirement to sustain them. There's probably a business aspect as well. When companies pitch their retirement plans, they want a track record of growth and retained value by the time someone retires. That's why there are funds with retirement target dates that automatically adjust to the safer assets. This is just what I think. If everyone was financially savvy everyone would do the same thing.

[@ordinaryhuman5645]

Idk about the "community", but plenty of people have pondered the asset allocation problem. It boils down to how much risk you can handle for your goals and your level of wealth.

[@grahamwarrin3313]

I retired last year and I've got ninety per cent of my assets in stocks - wish I had done this when building my asset base, I was too conservative in the early years - big mistake. I know the valuation is going to go up and down over the next thirty years but i only need to sell one per cent of my assets per quarter to pay for my lifestyle and hence day to day prices are irrelevant to my long term position. I keep plenty of cash to ride out crashes which will inevitably come so I don't have to sell at the bottom for a long period. People talk about attitude to risk (who wants to lose money?) but risk applied to an index fund is only relevant in the short term , if your timeframe is twenty to thirty years go for stocks every time IMHO.

[@mccoyji]

8% return compounded is the real hokus pokus..... I like the idea of smaller lifestyle.

[@LivinginthegoGreen]

I'm a new subscriber and kindred spirit. I love your channel. Great information.

[@thetangster]

I really like your editing

[@Dimasphotographer]

Thank you! Thank you! Thank you!

[@9-1-juan6]

Hey Tae, let me know if I am totally mixing up concepts here, now that 30-year treasury-bonds are starting to break into the 5% range (hey maybe it goes to 6%) can I now start thinking since I'll be getting over 4% then I'll just park my money in these t-bonds? Why would that not be a good idea? What factors are being missed in that thought process? (inflation, stock value gain/loss, etc?)

[@Mark_Trail]

This is probably your best video ❤

[@joshuarizalforeman816]

Interesting. I invested about 500k USD in residential and commercial property in the Philippines. That has since doubled in value, and also affords me an income through rental. I also invested 100k USD in European and Asian stocks which, over the past 4 years has yielded me about 12% p.a. I was only expecting 6% max, so that's a plus, although I don't expect it to remain at that level on a long-term basis. However, have no debt and my initial investment is protected. I retired at 50 and my family and the next 2 generations will have no financial worries.

[@MetalBum]

Super direct content love it

[@henryr2954]

Thank you! Please can you do a video on the decision to invest in stocks or buy a house? I'm unsure whether to keep building my stock portfolio or use it as a deposit on a house. I think there are many in my position.

[@annadodson98]

Yes. I am in the same boat.

[@donaldlocher2537]

Inflation has a greater impact on people's cost of living than a crashing stock or housing market, resulting in an immediate and tangible effect. This explains the current high level of negative market sentiment and our need for assistance in surviving this challenging economy. The financial markets have underperformed due to fears of inflation, causing stock and bond prices to plummet. Despite sounding basic, consulting a financial advisor has enabled me to outperform the market and achieve a profit of $850,000 since June 2022, making it the ideal approach to enter the financial markets today.

[@vanhall9513]

Since the onset of the COVID-19 pandemic, constructing a solid financial portfolio has become increasingly intricate. Therefore, I strongly advise anyone facing difficulties to consider seeking professional assistance. By doing so, you can access tailored strategies that specifically cater to your individual long-term goals and financial aspirations.

[@robertthurmond8161]

May I know the name of the financial advisor who has been helping you with your investments? If you're comfortable sharing, could you also guide me on how to contact them?

[@donaldlocher2537]

@@robertthurmond8161 The financial advisor I work with is Emily Lois Parker . I discovered her during a CNBC interview and contacted her thereafter. She has been guiding me by providing entry and exit points for the specific securities I focus on. If you're interested, you can search for her online to learn more about her expertise. I have been following her market strategies and have had no regrets thus far.

[@robertthurmond8161]

@@donaldlocher2537 After doing a search online, I came across her and thoroughly examined her credentials. It appears that she possesses considerable expertise in the field. Consequently, I reached out to her, providing a comprehensive description of my financial market objectives.

[@ParishBlein]

She really seems to know her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

[@peterl2767]

Great info 😃

[@skipodap1]

Great videos. Please keep making them. Many people don't realize that when they are spending a lot on superficial things they are actually throwing away their financial future. I've learned to love fixing our house, repairing our cars, cooking, cleaning, etc... There is beauty in maintenance and simple living. I don't know if you have a video on it, but something I find interesting that has worked for us is to have only one financial goal at any given time. While i'm sure mathematically it is not the optimal solution, it enables us to focus and has been doable. Instead of managing a budget, we create artificial scarcity for ourselves, which trains us to not get used to having too much money. First we paid off all debts, including mortgage. And then our goal was wealth building. We still take nearly all our money away from ourselves, it just goes into different things - instead of debts, now into savings/bonds/CDs/stocks, and so on. At this point for us a common question has been "How much do we need?". This video is a massive help in answering the question. Thank you

[@DavidR-oq4mr]

Excellent work.

[@ayao888]

Thank you for the great content, always! A question: I've already invested in a high-expense target fund; should I transfer it to lower-expense funds or leave it there until it goes up (it's currently almost the same value as the contribution) and start investing in lower ones?

[@SG-xb7de]

Are ETFs nd Index Funds Stocks or Bonds?

[@georgeoganisyan3370]

Very interesting, thank you

[@JoaoVitor-xb5ue]

Inflation + 4%? Amazing returns Congrats kkk

[@모-q4z]

Very good advice

[@HaydenAckerVideos]

So when you say make 100K a year is that pre tax or after taxes?

[@JGKohlenberg]

Nice summary of the 4% rule. Like almost every video about this taxes are ignored. Is 4% withdrawal after tax or before ? To achieve 40K a year in your example you would have to take out more to account for your retirement tax bracket. Thanks

[@RubbingPotatoes]

It depends how you look at it. 4% is the withdrawal from your gross portfolio. As part of your expenses you need to live, you would include your taxes, whether paid directly or withheld. Your tax bill will vary depending on what vehicle your portfolio is in (Ira Roth or regular investment account) and type of dividend cap gain etc. The complexity of tax is beyond the scope.

[@SweetsXify]

If I have funds in higher exp ratio’s funds of let’s say .3 - .85, should I take those out and transfer to a lower funds

[@davidparker7156]

does the 4 percent rule include your SS?

[@stevenhuynh6417]

Hi Tae, great video. Does the 4% represent a yield or capital growth or both? Obviously you can drawn down if we get a dividend yield or capital growth which we can sell.

[@AnneALias]

It represents withdrawals

[@RubbingPotatoes]

4% is the initial withdrawal rate, and adjusted subsequent year for standard inflation.

[@howardliu7371]

can I ask what data do u use here? "8:22 - Takeaway #4 (Risk, aka Stocks Are Crucial)"

[@rocknrollchemist9406]

Love the content

[@westhavenor9513]

At age 59 now, I'm trying to decide if I want to retire at 62. I'll have $1m by then. Problem is my yearly property taxes are over $10k and rising. That brings me down to surviving off less than $30k a year. I love my home and neighbors, and am saddened by the thought of having to move to a trailer in the desert after retirement :) I suppose there's always the reverse mortgage option.

[@DarkRahl69]

Have you considered that if the 4% is from dividends stocks held for over 90 days it will be tax free? Might be some more money there than you had thought. Also retiring a few years later would make a big difference, having 1.4m vs 1m gives you 40% more on the 4% rule , so 56k to start, but after 42k for a single person you will be taxed on dividends stocks now matter how long they are held.

[@jmm1817]

You should try to put off retiring until your full retirement age or at least 65 until Medicare kicks in

[@troyboulware3518]

Is it ok to let like an Edward Jones handle your nest egg and do your 4% distributions or will their fee have to much of an impact?

[@dlsodadl]

Or you can own a real estate portfolio and enjoy rent to price ratio of 4%... or more all the while enjoying the steady growth of your portfolio with less volitility

[@msheehandub]

Thanks for these easy finance videos

[@Mr_Kirk_]

How do you do those cool sidebars with the text? Is that a plug-in?

[@TheMarcinM]

I try to follow my personal rule 90% save and 10% spend

[@henryspragge]

Love your content, thank you! and appreciated the Mr.moneymustache reference at the end; he is one of the most common sense down to earth thinkers.

[@Loopy_McLooperson]

At the start of the video, you mention that you're ignoring considerations like inflation, however this same study did in fact account for inflation. The rule is that you withdrawal 4% from your portfolio the first year and adjust that upwards each subsequent year for inflation.

[@bruno123oliveira4]

The key takeaway is to invest at 1 in the morning when there is less traffic, so you can get there faster.

[@70qq]

ty

[@TyLeisher]

The 4% rule is in current dollars though... right? So if I wanted to spend $80k worth of current dollars in 2050. I'd need $155k, or a retirement savings of $3.8M. Right?

[@brentjtalbert]

mr. kim, this formula works but to achieve it are you putting all the investments in a brokerage account? the math gets a little more confusing when a large portion of your assets are in retirement accounts meaning 401k & roth ira which have penalties for withdrawals before 59.5. i should reach the 4% withdrawal rate by this formula in 9 years(i will be 51) but about half of all my assets are in retirement accounts that have these penalties. im still contributing predominantly to the retirement accounts but anything extra is going in brokerage and towards another rental home to give me a bridge to 59.5. Is there a reason this is not discussed on most of these videos?

[@johngill2853]

You're missing the point of the study. You're looking at recent times at a study that was done a long time ago and at that time this was groundbreaking information. The study concluded the 4% plus inflation withdrawals are the safe/Max withdrawal rate. Your looking for information that just wasn't provided in this study. But you can assume all penalties and taxes you pay are part of your expenses and 4% was historically the safe Max withdrawal rate. It's up to you to minimize taxes and penalties. I think this would be too complicated of an endeavor for a study in general because everybody's situation is different. A fee only advisor with a fiduciary responsibility could probably help you with this situation

[@dannytetreault]

Wow powerful content!

[@Pinguliniy]

I much rather spend on CDs, you’re likely to get rates that are around the 4% mark and it is FDIC insured. Instead of dealing with anxiety that comes with the stock market.

[@robloxvids2233]

Lol. Ok boomer

[@Pinguliniy]

@@robloxvids2233huh

[@RubbingPotatoes]

The problem though is inflation which consistently erodes your purchasing power.

[@DarkRahl69]

Spend sometime on a Roth IRA calculator, the anxiety should be only getting 4% a year. The SNP 500 has averaged 10% a year for hundred years and BTC has averaged 300% a year for 15 years, take some risks, gets some wins. AMD up 700% in the last five years. You just got to think about what makes sense as we change going forward, to that extent I think AI is really exciting for instance.

[@patmaiorino9861]

Is Social Security factored in any of the 4%

[@robertperlmuter4484]

Tae, I have a fair amount of money invested in a taxable account that pays my broker 75 basis points. I think I want to move it to a vanguard account and just buy 2 or 3 index funds. How can I do this without generating capital gains? Is it worth it to do this since I will be generating taxable gains? I wish I had started index fund investment from the beginning. I am 64 years old.

[@whydoncha]

Hey Robert. Depending on the equities in your taxable account you may be able to just transfer those equities to a different brokerage like TD AMERITRADE or Vanguard instead of selling them. If you have to sell there is no way to avoid the capital gains tax.

[@visionpiping1048]

What a great video. I did it slow and it works!!!!!

[@pgbollwerk]

Wouldn’t a higher fund management fee be justified if the fund performs better than an index fund? Meaning, if the managed fund has a track record of outperforming an index fund by more than 2% (e.g. 12% vs 8-10%), it seems like that would justify the fee. Am I missing something?

[@alexjones7845]

Yes, that could be true. However, it can be very difficult to determine if a particular managed fund beat the index by more than 2% due to skill or luck. For instance, just due to random chance there will be a spread of performance between 'average skilled' fund managers with some doing a bit better and others a bit worse than the index even over multiple years. How certain could you be that the better performing fund is actually better skilled and is actually statistically more likely to continue to outperform enough to offset the management cost. There's a real chance that this hypothetical fund's better than average performance will eventually fall back to be average or even below as the time horizon goes to infinity (while you are invested in it). Those are just my thoughts as a non-expert thinking more from a statistical perspective. I just think that those superior performing managed funds would have a less than 50% chance of maintaining a sufficient edge to offset the extra costs. Probably a tall order for non-professional investors to understand the fund strategies and changing markets sufficiently well to be able predict if the success would continue.

[@pgbollwerk]

@@alexjones7845 I appreciate your thoughts. I'll bet you'd have not gotten in any legal trouble if you stuck to good financial advice like this instead of promoting conspiracy theories about Sandy Hook. ;-) (yes, I know you're not the "real" Alex Jones.... just having a bit of fun, haha)

[@RubbingPotatoes]

Yes look up the survivorship bias in investing.

[@pgbollwerk]

@@RubbingPotatoes I'm not sure how survivorship bias applies here if you're comparing one fund to another over a long period. If the rate of return shouldn't be considered when choosing an investment, what else is a better metric to use when choosing?

[@RubbingPotatoes]

@@pgbollwerk I'm just saying, question WHY the fund is doing well -- luck or proven strategy? Looking back, there will always be a fund that has consistently outperformed. There was a story about an investment guru who gathered a group of 512 people. To one half he said the market will go down this year, to the other half he said the market will go up. The market went down that year. So the half that saw he was wrong left the group, but the other half remained. With the remaining group of 256, he told one half the market will go up, and the other half the market will go down. The one group that saw he was correct still stayed, while the other half left. He continued this process until there were 8 people remaining. These 8 people, seeing as how the guru was correct in his predictions for 6 years straight, each invested with him $100K.

[@pytube777]

And you can add in Social Security to your portfolio once you hit 62. Therefore you can increase the 4% rule.

[@StayFriendly290]

I would feel more comfortable with only 3% Cashout.... :D

[@Patriciacraig599]

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

[@BenjaminMcLeod815]

Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.

[@PhilipMurray251]

With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds

[@PhilipMurray251]

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.

[@nickdekker5496]

Scam

[@123lowp]

BEWARE! Do not hold mutual funds outside of a tax advantaged account. The internal long-term capital gains and short-term capital gains are passed onto you at the end of the year. I've been hit with $9,000 of taxable "income" from a mutual fund. When you reinvest those gains in the fund, the value of the funds stays exactly the same. The result is that you are taxed to hold the same value of the fund. NEVER HOLD MUTUAL FUNDS outside of a tax advantaged account.

[@123lowp]

ETFs have lower taxes than mutual funds. ALWAYS buy the ETF version of the fund, such as VTI, when not in a tax advantaged account. Even then, there are capital gains passed onto you at the end of the year, but they aren't as high.

[@mtem7068]

Thanks for insight!!!

[@scottmohrman]

I think I’ll use 3% instead.

[@Kenjiro5775]

Begin with rich parents and leverage their wealth into new wealth. How does that Powell Memo from 1971 factor into your advice?

[@stevewise1656]

How's someone making 36k save 900k? They'd need to live in very low cast state where homes are under six figures.

[@yudeok413]

Looking at my 5k nest egg and calculating a taco withdrawal 🧐

[@bantheshift]

Yeah this is great and all but no one talks about how much it sucks living off of a tight budget for the rest of your life. You are literally saying goodbye to any outlandish purchases in your life by trying to achieve early financial independence, and then once you get there you constantly need to decide between coffee at home and a $5 latte at Starbucks. It never ends! There's no ahhh I sacrificed all this time by restricting my budget and now I get to really LIVE! Also every single one of these type of videos NEVER go into how to exactly withdraw 4% a year from your account. Are you selling out of positions?? Doesn't that reduce your overall investment? You cant just withdraw the appreciated value on a stock, you need to sell it first.

[@jonathangamble]

This is wrong with direct bonds… you get your principal back when they’re called… bonds are great for retirement, not bond funds

[@8YvY]

No inflation adjustment =no sense

[@jonathansaindon788]

Yea but… why do you need it to be intact while you are dead? Better take more and have a nice retirement.

[@rudistorm3348]

I think the 4% rule is very unrealistic for most people. Even during retirement you should be earning way more than 4% on your investments. So if you are withdrawing 4% every year your investment nest egg is still going up.. Which mean when you die your IRA will have more in it then when you retired. Don't you want to enjoy your money? I think 6% is much more realistic.

[@IFearlessINinja]

Not quite. You can average over 4%, but recessions will decrease your investment worth, even if you don't withdraw. It takes very little time to bleed a massive % of your investment, which destroys your ability to withdraw what you were planning. They did a study and tested the idea of 6%. They found you were FAR more likely to run out than at 4%. A recession soon after retirement is a total bomb and almost guarantees 6% will fail

[@robertlesure9397]

The idea is that you can weather down years. Yes the average return is 8%, but what if you retired in 2021? You would be pretty nervous having lost over 20% of your account and not having any other income to fall back on. That's why you still want to live below that average return so you can recoup losses after down years.

[@RubbingPotatoes]

Look up sequential risk. And also look up geometric return vs arithmetic return. Example: If market goes up 50% in year 1 and then down 50% next year, what are you left with ? If market goes down 50% in year 1 and then up 50% in year 2, what are you left with ?

[@rudistorm3348]

@Butternut squash Good point B. I am 10 years from retirement. But I plan to run my side business on ebay. If stocks do well I will work little. If their is a drop off I will have to work more.

[@rudistorm3348]

@IFearlessINinja yes but most stock market drop offs like in 2008 show the DOW returning to its value in less than 2 years and are usually quite prosperous after that.

[@mr.marvelousmess6986]

The 4% rule has been widely held to be no longer a safe withdraw rate. More like 2%. Why are you not up to date?

[@Robert-3691]

Incredible! This is a masterpiece of content. I recently read a similar book, and it was an unforgettable experience. "Mastering Money Mindfulness" by Benjamin Hawk

[@danilobuenaflor7933]

Dividend stocks 👍🏼

[@sammiejoyner3532]

How would it feel if it were so gratitude now imagination in content live from the answered prayer daily live in the finished pictures proverbs 10. 22 teletestai

[@JOZoSo.]

Who wants to die with a million in the bank? I'm going out with a bang.

[@rudistorm3348]

I agree 4% is way too low. Most people are not retiring with 1 mil in their IRA.

[@ordinaryhuman5645]

It's more about not going broke when you try to retire at 35 with a million in the bank, so you can live with a bang for the rest of your life instead wagesl4ving yourself to death.

[@rudistorm3348]

@@ordinaryhuman5645 I'm not sure retiring at 35 is a good thing.

[@ordinaryhuman5645]

@@rudistorm3348 Being able to certainly beats the common alternative.

[@rudistorm3348]

@@ordinaryhuman5645 most millionaires and billionaires continue to work. They enjoyed their work in the first place , thus the success, so they generally keep working into normal retirement age.

[@donpeace894]

This guy has no idea what he's talking about