Lets talk about how to retire in 10 year, starting with $0, and how you can build a portfolio of investments to cover your daily expenses – enjoy! Add me on Instagram: GPStephan
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NUMBER ONE: IT MAKES NO DIFFERENCE HOW MUCH MONEY YOU MAKE
When it comes to achieving financial independence….it ONLY matters… how much of THAT income you can SAVE at the end of the day.
NUMBER TWO: SAVE MONEY
What most people DON’T know is that, based on your own income and expenses, you can calculate how long it’ll take you to retire – at your current savings rate – in less than 2 minutes:
https://networthify.com/calculator/earlyretirement?income=70000&initialBalance=0&expenses=32200&annualPct=5&withdrawalRate=4
NUMBER THREE: REDUCE EXPENSES
For the sake of saving more money and moving up your “RETIREMENT TIMELINE,” – especially in the next 10 years – you MUST do ANYTHING POSSIBLE to save more money, and you HAVE TO LIVE BELOW YOUR MEANS. Remember, for every 5% of EXTRA income that you save…you’re able to retire up to SEVERAL YEARS EARLIER…so, every little bit counts.
NUMBER FOUR: STAY AWAY FROM HIGH INTEREST DEBT
For myself, I make sure to NEVER carry a credit card balance…I never finance anything I can’t afford…and, I stay away from ANY DEBT that’s not a low interest, tax deductible, fixed rate car payment or mortgage under 4% interest…that’s IT.
NUMBER SIX: INVEST CONSISTENTLY
-One, take advantage of your 401k, Roth IRA, and HSA accounts because these save you on taxes
-Two, Invest consistently, long term.
-Three, don’t time the market – just invest long term consistently, regardless of where the price is.
-Four, invest in a low-fee index fund that covers the entire market
-Five, wait. Let the markets do their thing – and, over time – you’ll make money.
NUMBER SEVEN: INCOME
Your BEST CHANCE at being able to retire in 10 years, and make a LOT of money, is to work a job or a side hustle that pays on RESULTS, not your TIME. If you get paid based on your RESULTS – then, hypothetically, you should be able to find ways to streamline those results and make more money, without working any harder.
I know some of this might be like “DUH!! TELL ME SOMETHING I DIDN’T KNOW” but…this is the truth….you MUST make enough money to be able to save 70-90% or more of your income for 10 years, and that’s the entire calculation, at it’s core, if you want to retire from nothing.
I understand it’s not for everyone, and the idea of “retirement” sounds miserable…but, for me…that just means I have the choice to pursue the projects, work, and hobbies I find the most fulfilling… not that I’ll stop working and just relax all day doing nothing. To me, THAT’S what “early retirement” is all about…it’s the FREEDOM from being able to make a conscious choice, each and every day, in terms of how you’re going to spend your time…if it’s making more money and working, great. If it’s spending all day on YouTube…fine. But, at least that choice is YOURS…and, for 10 years of nonstop work…I can say, it’s absolutely worth it.
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*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. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
Thank you for this, I’m actually starting from $0
what’s up graham its guys here ? LOL nice touch.
Love those shirts Graham where do you get them? Need to get myself couple 👌.
what the hell’s up with your intro?
Thank you Graham! 🙏🏼
The best strategy to use in trading stock is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed. Because i have learnt along the way of my investment that research and analysis are important, note that experience is more needed than luck when it comes to the stock market.
Yeah, having lucky that PAPA AND MAMA HAVE $$$$$$
Graham, I’m trying to run your playbook. I just tried to get into buying my first rental. Rocket Mortgage requires me to have 25% down for a rental property. Is that common, who do you advise? I was looking to get away with 3.5% down and go. I even have some friends that make plenty and are looking to rent this property immediately after I would purchase it. Let me know your thoughts.
‘Nancy Lynn Lewis’ is the name though, she was in the news when she revived Grumac in 2018,, You can look-her up online to get more info
Its not a primary so you’re going to get the investment rates. 3.5% is for FHA primary homes
The world isn’t going to be here in 10 years. We are going to be lucky to make it out of this mess!!! I need a part-time job just to pay for fuel
Is that what you do…
House hacking is the bees knees 🐝
Don’t watch this 12-minute video.
In summary, he is only saying don’t waste your money (that you don’t have because you have $0) and work a second job, “side hustles”, as if a second job is some quick and easy card game. Basically just do whatever you’re already doing, living in poverty, and save 70% of your income by being homeless.
I would say this is the worst video I have ever seen this guy make. This is not helpful to anyone with $0, let alone minimum wage.
What is that retirement calculator called?
You should retire bro and enjoy your life make sure you don’t blow your cash on expensive living or to impress cunts
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
@Esther Rage
@Marcos Rolo< I know NICOLE ANN SABIN. She obviously brings a lot of experience in trading to the table but more importantly I think she is a tough person in an industry that demands clairvoyance.>
That’s what I can’t get past. I’m 21 and have a substantial amount of money for a normal dude my age but I have no idea what to do with it.
@JP23 According to financial advisors, set some aaide for 6-12 month expenses emergency safety cushion. Invest some like 15-30 % in index funds since it will simplify things. The rest use it as you see fit. Balance is the key.
It has way more to do with just not knowing what to do than fear.
I get gas at Costco and the Costco food court and some Costco products are a life saver and it’s all one trip
THEY’RE
can you link the vid with the 25 year old millionaire pls
I’ll retire by 32 with alot of money left to travel and I’ll be turning 20 in sept. And after than I’ll go on to be a billionaire. Lets goooooo🔥🔥🔥🔥🔥
Fantastic education. Teachers, introduce content like this to your students.
If possible, please look into why notifications of your latest uploads have ceased. The notification bell on your channel is crossed out and when I click on it it says “this action is turned off for content made for kids”. Strange how content made for kids won’t allow the notification button to work.
great simple advice
19:) I have 60k in my portfolio from options trading hoping to hit 100k before I’m 20 I’m not waiting 10 years for financial freedom I either get rich now or go broke trying I’m not going to wait
GENIUS.💯💯💯
wow…pretty good video…
Did you just say “what’s up Graham, it’s guys here 😂”?
Guilty confession; I bought a $108 Tommy Bahama shirt. I gained weight and can’t even wear it now.
The only way to retire at 30 is by dying with todays economy
Whatsup Graham its Fan here
Love how he talks about “affordable cars” with his multi hundred thousand dollar Ford GT in the background. Also notice how he isn’t married or doesn’t even appear to have a woman in his life.
@Who Knows did I?
Even if he is a hypocrite with respect to that point, it doesn’t make the advice itself inherently wrong?
@Responsible Wealth I never said it was wrong so, thanks yet again, for not getting it. LOL
@Who Knows ok at this point I’d appreciate you just telling me what I’m missing here 😅
@Responsible Wealth I don’t have to. It’s either already up there overtly or easily gleanable by most.
@Who Knows yes, you don’t have to …
I would appreciate it though? For my own benefit as clearly I’m missing something
All-In on Bitcoin!
Graham, I love the idea of retiring early and I appreciate these videos you make about financial independence. But I have one question in regards to retiring early, what about healthcare? How does one afford it at a young age without relying on company health care benefits?I know it is very possible to live off a fixed income through investments but man, healthcare is crazy here in the states.
Many hospitals are nonprofit and have low income policies that greatly reduce cost in order to remain nonprofit. Look up the policy on your hospital’s website.
The Affordable Care Act has good policies depending on your state exchange.
Instead of gaming, make a game 😛
“What’s up Gram it’s guys here” lol!
My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I’m constantly up.
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Thanks a lot, I appreciate your sharing. I’m contacting her right away after works here my time
@Douglas Zachary scam, don’t do it folks
Great tips graham!!
What’s up Graham its guys here?
Don’t tell me things I already know. Tell us something we don’t know. Your content is running out. Most of your videos only deliver old information.
Graham I have several Roth index funds that I put money into each month however I also have several traditional 401k index funds that sit passively within my retirement account from rollovers. What would be your advice on those funds? Is having them sit just fine?
If you save 100% of one years income you could retire before the year ends? I’m not sure that checks out lol
Lol “just save money on rent by buying a big house”
“What’s up Graham it’s guys here” 😅🙂
Great value though! 🙂 Thanks Graham
These videos are cute, but static income goals dont work in inflationary environments
“What’s up Graham, it’s guys here!” lol…he does that quite often..
What’s the point of being rich, if you live like you’re poor? That’s no different than actually being poor and just saying you’re rich.
He doesn’t actually mean that
It’s possible without degree. Achieved it myself in my late 30s.
These are good points but realistically inflation has become a massive issue. People need to increase the amount of money they think they need to retire; just to keep up with inflation.
Don’t underestimate the amount of money you will be spending in retirement due to uncontrollable circumstances.
What’s up Graham it’s Guys here! haha 😊 Love your videos man thank you
Well it seems like I will never retire … 🙁 I’m too poor for this
Repeatedly plugging yourself is super obnoxious
Just buy Bitcoing for 10 dollars a month, and you will be able to retire in 10 years.
You sure about that?
Who we will watch if you will retire? 😀 Keep working at least for 20+ years more please
I can’t find a job that pays more than 40k AUD a year. Can’t stand Adelaide.
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
We need more people like you here on YouTube. Nice video.
@Katlin Micheal Romero is indeed a trading expert who offers his investors/student a professional trading service for a 25% commission on each profit made by him when trading on behalf of his respective clients.
Love his trading system , he ensure safe investment and better risk management.
Romero pieto is all the way forward his strategy is working good for me and I’m making good profits trading with him .
With the look of things no one else does it better than him, he is absolutely one of the best we got here KUDOS to you Romero.
I have a decent income and save/invest 85% of my income (I literally only pay for bills and groceries) but where I live a minimum house deposit on a 1 bedroom place is around $200,000NZD / $135,000USD and I don’t have the option to move cities because this is the only city in my country that I can do my job. I’m feeling super defeated and frustrated, every time I’ve nearly saved enough for a deposit the bar jumps up again. I have no idea how those on lower incomes are surviving tbh.
I absolutely love this video. Total motivation here, thank you! The lightbulb has been turned on and I can see clearly now! Thank You!
“What’s up Graham, it’s guys here” 🤣🤣🤣… so intentional
“What’s up Graham it’s Guys here” LMFAO almost killed me 🤣
WHATSUP GRAHAM IT’S GUYS HERE!
I wouldn’t invest anything if I was a beginner at this stage , this whole financial system has cracks all over if you know what I mean
Edit – wait*
I am starting with negative BUT I am on the path, thanks Graham!
Got anything for autistic people who have an extremely low employment rate, no employment options and have a very low life expectancy rate due to the high levels of “early exit of life”?
I’ve always struggled with work, already been in several different industries, became so burnt out I lost the job I had, even though I put in more I still wasn’t able to the get job roles that would have been better to me. Always passed over for someone else (this was before I knew I’m autistic and how much I was discriminated against in the corporate world) even taking onboard the feedback it was always ended up at “there wasn’t a reason we didn’t pick you, we just went with X”.
Saving 65% is impossible when I’m currently existing off my emergency fund.
Any amount saved or invested, no matter how big or small, is essential to ensure that you have set aside money for future use, thanks for the advice Graham.
3:06 forgetting about inflation a bit, also I agree with saving money but saying a higher income won’t help at the start is odd when later you say it would probably should have moved that point forward. Your point which I agree with is lifestyle inflation won’t help. The higher your income the more you can afford to save/invest. That is why side hustles have always been a good thing to strive for. Many people in the uk are struggle just to pay bills let alone look at savings. That’s why I like to analyse from a case by case basis as everyone’s situation is different. But for new people getting into finance this video will be a start.
Great video! Very interesting and very informative!
Do you pay car insurance.
So that’s why rich guys are single until they are like 30
Your video trolls crack me up
His intro is always backwards.
Not everyone lives in the US. Where I’m from minimum wage is very low, you have nothing to save. If you’re LUCKY you can afford rent and food at the same time
Long story short, save money, invest, buy property and rent it out. That sums up the video.
I graduate in May from nursing school. I’m 27 and really trying to figure out how to approach investing and being able to retire wealthy.
Learning to not trade my time for money and learning to trade results for money was a hard lesson I learned this year. After producing great results in my job this year but not getting a raise due to “not having enough time with the state” hurt my soul.
Work somewhere where you get paid for results. I guarantee you will learn a lot more and value your time more.
Wassup Graham it’s guys here!
Bearish case for spending.
Their or They’re?
“What’s up Graham its ugys here”
Retire? I’ll do that when I die….🤣🤣
No life.
Someone answer this please ! I’m 18 I live in the u.s for the past 16 years but I am not a u.s citizen can i invest as an immigrant ?
What’s graham its guys here?
Cap
You wouldn’t need a side hustle if basic needs were provided. Many people need to work multiple jobs to make ends meet. Just saying 🤷♂️
Retire Early… Financial Independence. It’s like F.I.R.E., but instead it’s REFI…
I’m 19 years old and I’m a college student And I’m clueless about the real world. This video kinda gave me an idea 💡
I’m sorry but house hacking is so stupid. Who the hell is going to be dumb enough to pay the entire mortgage with their rent?
How To Retire In 10 Years…
Start a YT channel about finances, survival, swimwear or Lingerie (depending on your physical attributes, attractive females have all required), avoid anything politically connected (guns, rights, news that doesn’t favor the current administration as per the media) … improve content daily and weekly… be charismatic.
once you reach over 10k subs begin adding courses and paid access to a discord… sell merch… partner up with fellow Youtubers.
…Done
The quotes @3:40 should be “they’re”* vs “their”
what calculator is he using?
MoneyChimp!
@Graham Stephan thank you!
Thank you very much for your enlightening video! It is greatly
appreciated! Sincere regards!
If you have medical bills just pay 15$ a month it won’t go to collections as long as you pay on it. I’m on disability waiting for a heart transplant. thankfully I have Medicade. I was able to buy a house for 66k put work into it now it’s worth 110k. I have so many ideas to make money I have great credit but my disability and Medicade hold me back scared to loose my insurance so I stay on disability while waiting on my heart
Very well articulated; I wish I had more time, but I’ll be 56 in April and need ideas and advice on what investments to make to set myself up for retirement, especially with the looming inflation; my goal is to have at least $1 million by the age of 65.
I think you just gotta do the best you can at this stage, perhaps you should seek the assistance of a financial advisor to assist you in developing a viable and attainable plan.
Yes, I agree; I have one, she was excellent at what she did; saw me through a frustrating divorce and got me on my feet again.
@Amanda Brent What is the procedure like? Has employing a FA proven quite profitable for you?
@BENFLIX Definitely! All of this happened in less than a year after Bridgette Marie Mathias told me what to do. I started with less than $100,000, and now I’m about 17,000 short of half a million dollars.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
i am pretty shure that renting a rented property is illegal at least where i live
You should offer money management services
Marginal Fed tax rate: 24%, FICA: 7.65%, Marginal State tax rate: 8.75% => these are marginal, but roughly 25% of my income. If I could save these, I can retire fairly quickly without saving anything else.😂
I turn 25 in two months, and let me tell you that I’m nervous about it. For the past year I have started going to college to study finances, I have read several finance books, I have been studying the real estate market to understand what is to come next. Basically I have been “putting gas in the car” for the last year and I’m two months I plan to floor the Hemi on the V8 and make my next major life change to becoming a millionaire, and have the financial freedom of doing things I want … no, the things I need to do.
Perfect timing I’m 19
Look at me, I’m graham, I don’t understand taxes or math or reality.
i dont think their is any 100% sure way to do this… have not watched video but i expect its dependent on gains from stock investment
What are your thoughts on using M1 for a Roth ?