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Love it, Has long as their happy that's it job done. no more breaking your back working for the man. FREEDOM.😄😁
ОтветитьFamily of 4 that retired early here. While its cute running around counting nickels, I couldn't tell you our food or pet supply budget because its where it belongs in our life.
ОтветитьI do totally understand his mentality, but I’ve since brainwashed myself to see things differently.
Can you imagine how much more you’d get out of life if you sort of ENJOYED work?
You see, this guy sees work as modern day slavery, and he was trading his time and suffering for money.
Yes, it’s true that most jobs aren’t fun, so most jobs do fit that description, but there are some rare jobs that may not be “fun” but are satisfying.
If you can find such a job, and you take pride in the skills you acquire in such a career, you can continue to earn money into older age, while still feeling proud of how you spent most of your waking life.
I do software engineering like this guy, and there are coding projects that can be interesting and satisfying to complete. I implore most people to exhaust that option before trying to retire early.
This guy didn’t consider inflation or emergencies. I’m assuming he is going to grow his own food and learn medicine & mechanics & electrician, etc.
ОтветитьNo disrespect to him…. I’d rather live a middle class lifestyle and work until I’m 67 with a moderate retirement than live this guys life.
Ответить25k a year ahahaha yea right
ОтветитьWhat about health care?
Ответить😬
ОтветитьRubies pantry ia for people who actually need it
ОтветитьAcquiring a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for some time now, but my major challenge is not knowing the best entry and exit strategies. I would greatly appreciate any suggestions.
ОтветитьYou’re going to get free food when you can afford it. Greedy!
ОтветитьLiving off $25,000 a year? Have you accounted for inflation and old age? You might be able to do that now, but your health insurance will bankrupt you the older you get, and you will most likely die earlier because of a preventable thing that you cannot afford or get good care to resolve. Inflation over the last 70 years has been 3.5%. And if you have rental income, remember that that house is made out of wood, and will not last forever. Somewhere along the line, you will have massive expenses like a car, a new roof, or a broken bone. This $25k a year you’re talking about sounds more like the actual amount of money that you were spending in cash after taxes are deducted, but it doesn’t include all of the erroneous things that you were supposed to be saving for with the rainy day, funds, and inevitable items like a new air conditioner etc. If you really factored all those things in, you’re probably closer to a required salary of $40k to $45k a year while you’re still in your 30s, and after inflation and 20 years of an aging body go by, he will probably most likely be at around $60k or more. I’m glad you’re this optimistic, but I have a feeling this should be labeled as a midlife, retirement, or midlife vacation, because inevitably I believe people who are doing this will have to go back to work in their 60s when they run out of money. And since they’ve been off the market for so long, they have no skills, They will be those 60 year old cashiers at the grocery store, making minimum wage living off Medicaid and food stamps.
ОтветитьI am not a victim of consumerism, luckily. Everyone's goal on this planet is to earn money. It goes like this: Convince people they have a problem, then sell the solution.
Most of what we're told to believe we need, we simply do not.
I've never made more than 12K a year and I find it hard to believe that someone who makes 24K enjoys like twice as much as me. The human existence is a very, very small spectrum. Life can only be so good, regardless of who you are or what you have. The trick is to manage the lows with dignity and bounce back.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
ОтветитьInteresting clip. Best way to build wealth is to start young. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great investing book for teens.
ОтветитьAchieving success hinges on the steps you actively take toward it. Accumulating wealth involves cultivating positive habits, such as consistently setting aside money at intervals for robust investments. Financial management, often avoided by many, can later become a haunting issue. My hope is that anyone reading this finds success in their journey!
ОтветитьThat’s a hard 29.
ОтветитьI'm nearing retirement in three years, and despite having solid companies in my portfolio, my profits have stagnated in this uncertain market. Are there any calculated profit opportunities this season?
ОтветитьHis anxiety towards spending will never change even if he has millions. Money amplifies ones personality. I am frugal but I’m not anxious to spend 😄. I only buy what I need and it could be cheap or expensive as long as it will serve me for years.
ОтветитьI’d be retiring/working much less in 10 years and curious to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $180k per year, but nothing to show for it yet
Ответить380k at 30 isn't enough to retire on.... It'll last him 10, maybe 15 years.
Ответитьat 7.24, i'm not sure i would do that if it would mean less food for truly poor people
ОтветитьHi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.
ОтветитьPeople in Portugal: Okay saving 50% of the anual income. 12k % 2 = 6k for 20 years = 120k yeeaaah. Can you imagine yourself in 20 years, old, without a family, without a kids, without going out, without living for 20 years, with inflation eating all the savings and a home is like 400k. So 20 years saving, half of your life passed and not even 1/3 of a house.
ОтветитьIn Europe doing this is almost impossible. In 90% of the countries here 380k is what you earn in a lifetime
ОтветитьIs he still round?
ОтветитьI think the retirement crisis will get even worse.> A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
ОтветитьHe looks malnourished
ОтветитьLooks like being frugal matches his personality. And he's lucky that his wife likes being frugal too (or at least she tolerates it, we don't know coz she didn't say a word in the video).
ОтветитьJust work an extra few years. Living on 25k for thr next 60 years sounds scary.
ОтветитьI can't stress enough how crucial it is to have a fiduciary handling your retirement plan. They're legally obligated to act in your best interest!
ОтветитьBest way to help the poor is to not become one of them 😊❤
ОтветитьWhat’s purpose of retiring at 35 when you gonna get taxed penalized for all those various accounts should just saved the cash on hand then
ОтветитьWhy does everyone think it's bad when prices are low for stocks but when it's a Target sale everyone stocks up?? VTSAX and Chill
ОтветитьThis guy is living frugal now so he can retire early. He will have to live frugal for the rest of his life to make that money last. What’s that for life?
Ответить25k/ year. You can’t not even have enough to buy your own healthcare insurance plan without employment sponsorship.
The property tax around 5-10k. Car insurance, house insurance, utility bills,………No way 25k/year will not be enough for 1 person.
You sure he’s 29? He looks 40-48. Other than that congrats on him
ОтветитьHas alot of money in his bank account, but looking like Syd from ice age isn’t doing him any favours.
ОтветитьThat is way too lean for most people. I’d rather work than live like a bum.
I had more than 3x what he had at his age and I would never dream of retiring on that. And that was 18 years ago when $1 was worth $1.80 today. Retiring early on less than $250K a year in passive income seems crazy. A lot of crap can happen if you’re leaving 50 years for retirement. Better have plenty to cover yourself or be one of the newly homeless boomers.
This is not the way of living a life. But good for him that he found a women that is ok living in this condition.
ОтветитьIsnt it better to just save some money, live comfortably and in a few years be able to do go down in worktime and work maybe 4-6 hours a day instead. Like I get that financial freedom and being free and all that sounds very nice. But at the same time you are also a decently rich family going through a level of self imposed economic stress that might have worse consequenses on your long term health than simply cutting down work hours.
ОтветитьTip: invest in life insurance and protect your family. Especially since wife doesn’t work
ОтветитьI think that it’s a little messed up the parents charged interest. Geez way to go parents 😢
ОтветитьIs it possible to do anything w/e you want with 25k a year?????
ОтветитьAs an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
ОтветитьRuby's Pantry is a great idea!! I wish there was something like that in Virginia!!
ОтветитьI can respect the prudence and initiative to save money. In fact, most people live beyond their means and would be better off taking a note out of Tanner's book. However, he takes it to an extreme. Specifically in regards to his health. There's a reason why he looks like he's in his mid 40s at 29 years old. By cheaping out on your diet and for example, eating beans instead of meat, he is likely very nutrient deficient and that will likely lead to problems down the road. What's the point of sacrificing so much, putting all the effort in to save every dollar in order to retire early if you're not going to be able to enjoy those years because of poor health??
ОтветитьNot for me.
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