Here is your step by step guide to learning how to retire by 30 years old – Enjoy! Sign up to Morning Brew for free today: https://cen.yt/morningbrewgraham Thanks! Add me on Instagram: GPStephanAdd me on Instagram: GPStephan
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First thing to know: The FIRE Movement
This stands for Financially Independent Retired Early, and it’s a community of people who dive into the analytics of EXACTLY what you’ll need to be able to retire at any age.
All you need to know for retirement comes down to a few things:
How much money do you NEED to spend every year, how much do you CURRENTLY have saved, and lastly – how much money do you currently make? If you know the answers to those 3, it’s going to tell you EVERYTHING you need to know to be able to retire by 30.
To start, how much money you SPEND is going to be the most important variable of this entire calculation.
Generally speaking, if you’re under 30 years old and you want your your money to last you INDEFINITELY without ever running out – you’ll need to only spend 3% of what you have invested, each year.
Now, how much you spend is going to GREATLY influence how much you’ll need to retire…because, for every $100 per month the spend, you’ll need $40,000 invested in order for that $100 per month to last you forever.
NEXT – HOW MUCH MONEY DO HAVE SAVED UP AND INVESTED?
Whatever that amount is…divide that by 33, and that’s how much income your investments will be able to replace. From there, you’ll need to do the super easy math to figure out how much more you’ll need in order to retire…all you need to do is take how much money you spend every year, multiply it by 33…and however much that is, is how much money you’ll need before you can call yourself “Retired.”
This is based on what’s known as the Trinity Study, which analyzed the investment portfolios of stocks and bonds throughout every year in history, and calculated how much you could spend from your investment throughout a 30 year retirement – and that study found that you can spend 4% of your portfolio every year, and still have that money last you 30 years.
However, a 30 year retirement isn’t going to be long enough if you plan to start that retirement at 30 years old…so, in order to preserve more capital so you can retire for a longer period of time…a 3% withdrawal rate was recommended.
https://thepoorswiss.com/updated-trinity-study/
https://www.thebalance.com/how-much-can-you-withdraw-from-your-retirement-portfolio-453997
And finally – the last factor in the equation – how much money do you currently make?
This is going to determine how long it’s going to take you to hit your target retirement number, and whether or not you’ll have to earn more money to get there sooner.
HOW TO GET THERE: SAVING MONEY.
The Blogger MrMoneyMustache did the calculation for us, and found out how many years you’ll need to work in order to retire compared to how much money you save. Using the 4% rule, he determined that – if you save and invest 70-90% of your income, you would be able to effectively retire within 10 years of working.
Practically, if you want to do this by 30 years old – you’ll either have to MAKE A LOT OF MONEY, or you’ll need to SPEND VERY LITTLE MONEY – but, assuming you guys just want to make a whole bunch of money as fast as possible to be able to retire, I’ll give you the honest run down on MAKING AS MUCH AS POSSIBLE:
Your BEST SHOT at being able to retire by 30, and make a LOT of money, is to work a job that pays you based on YOUR RESULTS, not how much TIME you put in. And at the end of the day – if you want to make a LOT of money just to be able to retire quickly – de-couple the idea that the more time you work, the more money you make – because that’s very much NOT true, at all.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Going to do this by 40-45 years old. More realistic and I enjoy my career
@Graham Stephen thanks fake graham!
you left out taxes bro
I don’t know what business to start
Aaah finding what ur passionate about..that could take yrs in my case😅
Thanks for the feedback…..for more information *+1/6./1./.7../4./..6./..5./..5…/3../4../7*
W •H•A•T•S•A•P•P.••••M•E 🔅 🔅 🔅 🔅
I love this guys attitude and perspective to things and he’s very knowledgeable and helpful
I was zoning out then Graham yelled at me lol
You can easily retire up to your 30. It’s called moving to Eastern Europe. Having only 1k usd per month of passive income can provide you really comfy life in Ukraine(Lviv to be precise) for example, 2k usd – Poland or Slovakia or Hungary
Nice video! i was able to build a big income stream during the COVID-19 pandemic investing with a professional broker Mrs Lauranetta i retired back in 2018.
@Daisy Flora You have to be consistent in your approach trading forex is always difficult, reach her through her telegram page.
@Daisy Flora With @investwithLauranetta.
With the consistent weekly profits I’m getting investing with Mrs Ava Lauranetta, there’s no doubt she is the most reliable in the market. such a genius.
Amazing I also just started trading with Mrs Ava Lauranetta, she is the best at what she does with an initial investment of $1400 i made up to $5230 in just a week of trading with her, her strategies are mind blowing
This is a scam
I feel the fastest and safest way to invest/build wealth is by having a diversified investment. if one investment performs poorIy over a certain period, other investments may perform better over that same period, reducing the potential losses of your investment portfolio from concentrating aII your capital under one type of investment., that’s what i do investing in for3x nd stocks wit the hlp 0f @lisa_upfx o’ . n l’. ‘g
After watching this video I realised that I don’t even want to retire by 30. I love my job.
Hi. Do you believe this is achievable in poorer countries?
I like buying and selling slaves. Should I make it an actual business?
@♜Pimpy’s. investment. chat.. wtf
Welp im 30 already, ill just keep working and investing probably retire after 1000years 😆 if i manage to still live after that and im not rich by that time its either im extremely stupid or the system is rig to keep rat race in rat race 😆 lol
My dream career centers around this, I’m wanting to become a professional private investor. I’m 25 now and I’m shooting to be a millionaire and earn my living through managing my investment portfolio by 36. The real dream would be to retire by 45 where I don’t need to touch my investments and can spend the rest of my life doing whatever I want to do.
I decided to go about mine getting multiple sources of passive income,real estate , fx and stocks I’m not retired but I bet I’m still very well okay without my regular job
I’m not sure I can do well leaving my regular job out, so many times different persons always speaking of the foreign exchange market seems so be so remunerative, I’m asking how good sir
It’s no secret anymore how profitable the trade market be, it was February Elon Musk at that time the richest man invested $1.5billion on it
True fact
TBT I’m doing it alone it’s much too complicated and broad, it’s two things either you good enough to make the trades yourself or have a professional guide you on your investments.
You should trying searching Noud Mikan, his methods be reason I’m earning from it
I’m taking the advice, but I’m actually 16. Do you have a video for teens?
Graham the babyface stephan!!!! retired coming out of the oven! Ive been watching for years and you’ve been impactful, but this year i’m not just watching I’m LISTENING!!! thanks 🙂
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The venomous end osmotically apologise because hygienic extremely excite behind a husky pedestrian. brave, lazy increase
I’m 27, starting to save late from scratch and if I can do it under 40, good enough for me.
Thank you for this high quality video
I hate vids that are over 10 mins
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Do well to respond………….
Me, at 30, having finally gotten my financial situation (plus mindset) straightened out and getting started on investing- I wish I had started sooner but I suppose still better late than never.
80% is better than nothing. 💯👏
I can tell you inflation will catch up with you in the end and pretty much you’re screwed unless you factor that in haha so best of luck 😂
Graham, why do you use a 3% safe withdrawal rate when most quote a 4% SWR? I have even heard of some analysis on pushing close to a 5% SWR and having some pretty positive results. Are you being conservatively risk averse?
x33? so its impossible lol. most starters also need to spend their whole portfolio to get a home. theres no money left
I’m 29 and My birthday is tomorrow and I have no net worth. Thank god I found this video now I can retire tomorrow!
‘If you do this, this & this…
and that’s how I retired at 20.’ 🤣
Do thee numbers change depending on how/where we are investing our money? What kind of investments can provide me with the most return?
I LOVE what I do and have told my clients I would do this for fun if I could. But that said, NEEDING to work creates stress so would love to be in a position to work because I want to not because I have to.
All you need to do is invest in AMC 🌝
Hey I just noticed an add on the webpage that is talking about Stephen Graham Arbitrage strategies. Is this something else your running on the side or is it some scam someone put up to use your name?
Damn I’m 30 yo too but I’m the complete opposite financially ☠
Someone who became completely financially independent in their late 20’s by getting a jump start into real estate in their early 20’s is giving you advice on how to retire quickly. How’s that $5 cup of coffee?
Let me tell you how to retire early, but first……………..5 minutes later………and then…………5 mins later….ok
Why does everyone have to request me to “smash” the like button. Literally most videos use that exact word like it’s a rule on YouTube. I will definitely not like any video that asks me to do so even if I like the content. You will get a like for simply providing valuable content
Honestly one of the absolute best creators on YouTube.
Next video: the top 10 professions that pay based on results and have low barriers to entry.
Cringe.
I’m not interested in retiring, I enjoy making money and having purpose.
BUT I would like to NOT be dependent my whole life and have more “me” time. More time to travel, see family, and actually have at least one hobby. Working 80hrs a week has been getting old for about 15yrs now…..Working 40hrs would be a dream, would feel like PT for me.
Already got a ton of LOttery tickets … ok now lets watch this video
Me at 28 on £22k: I need a new job.
In the same way that all weight loss advice boils down to “eat less, move more,” all financial advice boils down to “spend less save more”
See but the problem with this, is those 22K a year you can spend if you make 150K a year is, that’s including bills and rent so you have to find a place that charges you 500 a month. That’s almost impossible.
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Can’t wait to be 30 years old again.
I’m tired of f’ing working. Here after my shift in the pharmacy on the Fourth of July 😣
Retiring by 30 is a huge accomplishment especially for non-silverspooners ! But realistically , retiring by 40 is still an awesome accomplishment and definitely achievable for average folks with the discipline
I’m 30 so I guess it’s too late lol
Blah, blah, blah, blah
My goal is to retire by 35-40 so I don’t have to live in a cardboard box and only eat ramen noodles.
I’m 26 so this won’t work lmaoooo
This is old, and my comment is new. I’m hoping to retire by 50, as my store has a investment plan I pay into every paycheck. I guess now I invest in stocks and savings.
watching this as a 16 year old, thanks for your knowledge gram
I think that it’s interesting to see how many people are trying to get frugal or financially independent (so you dont have to work anymore) while I don’t want to stop working, rather know how to beat the Highscore, because I think that’s kinda fun. 😀
Missed this bus im 31, 🤣🤣
Man I’ll be happy with 60k or even 40k a year in California. When I’m just making 16.50 an hour.
I mean it would also be a good thing to start working a government job at a young age and work for 20-30 years, which would get you a nice pension. Throughout those years just don’t go crazy, don’t buy a new car every year, buy a moderate house with a non-ceippling mortgage, and invest wisely. You could be set by 50
I felt very called out when you said for those who are zoning out and partially listening since I am listening to this while cleaning my guns and running a part time business
How does this work with inflation? Would you still be able to live on that 50k a year or would you need to get a job again to save more money into your savings?
I’m 19 and my credit score is now 759😁 Thanks for all of the advice!!🤍
It doesn’t work…. I’m 31 no matter what I’m not retiring by 30 sad
“buy tesla call options/buy cryto..” really funny how that would have been it lol
every $100/MO spent = $4,000 invested.
Thanks for the comments! Don’t forget to hit the Subcribe button ✔️
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It Takes Courage To Be Successful😂
How to retire by 30, ste one be 20 yo
Sees this video.
Goes to coinmarketcap, picks a lotteryticket.
I was laughing at how much he was repeating to smash the like button… Then I realized I have already smashed it :v
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Different Living frugally with parents I don’t know what my expenses will be on my own doing the laundry, cooking, etc. When my dad was alive he made us eat out every week, in expensive restaurants and we had to pay what we eat. Barista fire seems nice. Currently don’t want a promotion just a raise but the company is pushing the people for that
Best Channel on Youtube.
These videos only apply to muricans lol. 61 000$ annually ahahahahha… People living in other countries having 250$ -500$ monthly salary so yeah, let’s do the math. If you make 500$ a month x12 months that’s 6000$ then you need 10 years to make that annual money muricans make. If you’re making 250$ per month you need 20 years. That’s without paying taxes, food, rent, bills, or if you have children. Next time just put a “SPOILER ONLY APPLIES TO MURICANS”.
I just need to make 10k a month bro tbh
You’ve made a lot of videos, Graham. This is the only one I’ve taken screen shots of and rewound a few times. As a self employed person I’m picking up what you’re laying down. Time and energy management is critical. I have not mastered these but I have a time clock in my studio. I hope you and your channel keep on, despite the recent troubles!
Seems like a video for kids who’s parents set them up pretty nicely to begin with.
My Kid: “Is this the guy who talks about the doge coin?”
Nice kid
Title should be “how to retire for 30 yrs old then go back to work when you are old”
I love da clickbate truths
Okay. Hypothetical situation. I’m 40. How could someone like me retire by 30? Thank you!
Looks like i need 1.5 to retire. Lets get going joe..
great video
I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $477k profit within a months he invested $90k. I just began investing and i will really appreciate any tips or helpful guide
@Anthony winshell Tamara diane ha gan is the most since broker i know
The scammers ride again
@Matthew S Mrs. Tamara is not a scam, I have been investing with her signal for over a year now.
@Sheila Phillip You’re right, my sister made $55k last week with her signal. i’m investing this weekend.
Spammer scammers go away, come again….never
lmao…you caught me zoning out lol
Where do you put your savings to earn the most out of it over 10 -15 years ?
I’m actually going to implement this advice..I’ll comment back in 12 years. Currently 17 now!
Hard work and knowledge only take you so far. Opportunity and circumstance play a far bigger role in success than people care to admit. Keep your character and integrity, that’s all that really matters anyway.
Wait, average income is 61k? Good lord I’ve been at 20k-25k for about 10years now
I don’t believe it. 61K is the average income my ass!
@Graham Stephen I’d rather get advice from the Graham Stephen with Subscribers
Im glade I’m learning this at 16
Inflation : allow me to present myself
seen this im 18 now and i have 20k lets go it is FIRE time
In all. DONT WASTE MONEY LIKE A DUMBASS.
you need to make a video regarding FIRE with Real Estate! numbers are WAY WAY different, with a 20% down payment on a 120,000 townhome, can net cashflow 750 a month! thats a 37% ROI! of course real estate is a more active investment but a property manager can take alot of your plate and not hurt you ROI too much! i encourage anyone to fight me.
Fantastico video
i’m 20 right now i’ll let you guys know if i’m financially independent by age 30 see you 10 years from now
30 years?? i want to know how to retire when im 20!
Your videos are awsome! You don’t waste people’s time! You get straight to the point!
People often forget about the military’s amazing retirement opportunities. After 20 yrs you can earn a pension of 40% your base pay. If you retire as an O-5 with 20+ yrs experience you can earn around $47k per year for the rest of your life. Not to mention the TSP (roth or traditional 401k) and the healthcare benefits.
gram I’m retired and living off social security I’m only 31 😭
Start at birth retire at toddler (20 step guide course in bio) – some YouTube ad scammer probably
Your advice to be a creator and less of a consumer is exactly what I needed to hear. Thank you Graham!
the thumbnail was like just work 20 minutes and the retire
Hey graham, give me tips on making more money and saving more money while in college