People Are Planning to Retire Early

Geht nur erst mal richtig arbeiten.🙈

You don't have to move out of the U.S. to find somewhere with a lower standard of living. My husband and I are likely going to move to just a different, smaller city in a different part of Michigan where the standard of living and housing costs are quite a bit lower when we're fully retired.

FIRE is a joke, get back top work hater! LOL

21:56 he forgot to account for property tax and home insurance also always going up

Also that cashflow is taxable so it's not all yours

He didn't seem to realize that home maintenance is also an expense that shows up $5-30k at a time and sometimes multiple things go wrong at once.

As a former landlord, I know it's not as simple as he presented it. He's very young still and it shows he hasn't had to deal with a major issue.

Or he's a handyman who can save costs by doing the full time job of maintenance/repairs himself- in which case he didn't include his unpaid hours of his own manual labour. Or administrative time.

For the amount of investment vs. time required, buy shares in a property management company instead. Returns are great and it's zero work to own part of a lot.

17:21 - of course she didn’t. Why let reality ruin a good tik tok?

Lots of women having no kids. Awesome.

Thank you for making that point about Geo arbitrage. People definitely don't think about how their decisions can significantly impact others in these poorer areas

30:15 planning for a 7% nominal return rate while also then adjusting 3% for inflation is more conservative than any 32-year period in stock market history. You would have to live in a generation of time that is so bad textbooks would write about them saying that it was worst than the Great Depression leading into WWII

I hope to retire next year I will have 25 years at my job. I will leave and get a part time job until I can collect at 62 ss I’m 58 years old

13:06 to be fair, when I was 18 and watched many videos about how to do finances, they all recommended apps that were absolutely not beginner friendly, recommended timing the market, broke down the numbers in a way where it felt useless to invest what I could if it was anything less than $500, it was bad. I was only able to get back into finances by using what I could understand, robinhood and cash app.

I wish I would have just went for it then instead of doubting what I was doing and feeling confused, constantly pulling my money out of the market, but now ive started and gotten into a roth ira. Ill put as much as I can in to make up for lost time, but I cant help but think of how much my accounts would have grown if I started sooner.

Moral of the story: Just start! Put in what you can afford and LEAVE IT. It doesn't matter if its only $20, only $5, it will grow and getting started is better than being perfect. Invest in stuff you use, like utilities, foods, and apparel.

This is an older video now but I'll add my 2 cents. I pushed for Coast FI before my husband and I wanted to start trying for children. I want to be able to take time off, and be aware that with increased expenses and decreased income that our retirement savings would dip. I view it as having a safety net. Even if I can never contribute again to my accounts, I will still be able to retire at a traditional retirement age. Esp. Given CPP, OAS and Canadian healthcare being universal.

It is worth it. During bad times, some people concentrate on themselves. I believe in the F.I.R.E. movement.

The duplex guy wants people to watch his channel to learn how he amassed his net worth but has $5k/month in expenses and owns two properties but has less than two months expenses in cash. He’s way out over his skis.

I would love to have know about this ages ago. I'm 46, and it would take me to retirement age to get to my fire number anyway. But that's ok. I plan on retiring sometime between 60-65. I don't count SS, but I have investments and a pension coming, which is a huge blessing.

One of the most valuable lessons that FIRE taught me was how to never run out of money. The concept of living off the returns and letting he principle grow is what sold me on FIRE. I had always been a saver and I invested regularly via 401k and brokerage accounts. I was saving like crazy because I was thinking I am going to run out of money.

I followed FIRE myself and it's one of the reasons why I was able to quit working full time in my 50's. I don't understand why people have so many problems with FIRE.....FIRE is so malleable and just about everyone can benefit from it's principles....like striving to save 50% of your income, keep debt to a minimum, invest your money and retirement is optional.....how is that bad advice?

There are so many videos out there that talk about the "theoreticalness" of investing but not a lot about how to physically invest, so your tone when you talked about "just Google it" on how to physically invest was a little ick. No one has to watch your videos-I can just Google how to invest.

I think only fluid equity should be counted when calculating net worth. (Not things that would need to be sold. ie house, car)
Also, not all mortgage payments are truly fixed. Sometimes things change after tax assessment and Escrow gets adjusted.

Thank you! Hello! I had no idea how to invest outside my 403b until a year ago. I did lots of googling, and YouTubing and library book checkouts. Now I am quite confident in my side investments and plan on early retirement.

20:37 That Drew dude shouldn't assume he will get $4450 for rental income in his duplex in the future. Wages are not increasing with inflation, so there is a point where your properties will be sitting there empty with your "inflation-adjusted" rental rate.

You don't need a million + to retire. i made 24k last year from 42k, and this year, using Less do to bad trades, im up to 17k, so maybe 250k would be good. Using sell puts and sell calls.

Leila- Have you heard the song..."Land Down Under" by the 80s band Men at Work? (I'm Gen X) There is a lyric about Vegemite sandwiches.
Jeff

These people have no lives

You shouldn't laugh off the spreadsheets- without knowing your numbers, you don't have a plan! Then you are just running on vibes.

i like ur vidoes. i love to send em to my 17yr lil girl i started her a utma/ugma when she was 16 last jun but im terrible at explaing stuff as im still a super newb and learning about all this investing world i feel u make it easy to understand eapecially sense i know my kid is a tick tock gen🤓 ty for ur content i just hope she watches em cause she will be 18 next yr and that brokerage account will be all hers. so i hope she stays the course and learns more for herself

I think some of these people started with inheritances or trust funds

I started watching your videos recently. What state do you live in? $2225 is good for rent where I live, it is crazy!

Also I recall that you don't pay a mortgage? I am jealous!

leila pls get a better mic. Theres this loud hissing in your audio. Kills the experience when listening with headphones

As a mexican I hate when americans refer to Mexico or other "cheap countries" as their escape hatch. Please name it as it is, you are immigrating and possibly becoming a gentrifier. No, you are not an expat, you are an immigrant, acknowledge that and respect us.

Can see quite the large proportion of people that have the means to pull this off but unwilling to keep consistent the habits needed (living below their means, consistently net saving/investing, upskilling to up earnings, etc...)

Props to those who do stay consistent!

Thank you for distinguishing between FIRE and FI ❤
It is unnatural how much it bugs me whem people talk about "coast FIRE" when by definition it is literally based on typical retirement age and NOT Retiring Early😝

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My wife and I will be retiring in Dec 2025. I am 53 and she is 45. I takes a different mindset to get out of the rat race.

The second lady has a New Zealand accent and she's eating Marmite (made by Sanitarium) not Vegemite (made by Kraft). Marmite is far superior and not nasty tasting like vegemite IMHO :)

At 16:38, I am certain the girl lives in Canada, so she doesn't need to pay for health insurance.

My wife and I have invested around 40% of our net income since we started out. Income has ranged from $72k combined to $112k combined today at 41 (not including bonuses, 401k matching at 6%). We've got a paid-off house, it costs us around $24k to just exist and we spend $34k on recreation/travel. We also anticipate needing $20k in annual healthcare costs (worst-case), $10k buffer for recurring large expenses (new cars, new roof, etc), and around $12k in tax burden, so $100k in total withdrawals or $2.5MM. We're sitting on $1.27MM in investments today, so hoping to retire around age 50. We're in SC so not a HCOL state.

I live in Queens, NY and the multi family homes cost 1+ million 😵‍💫 they’re extremely small as well