In this video, I will show you the strategy that I am using to retire before my 30th birthday.
At what age do we earn the right to retire? Does the ability to retire discriminate against age?
The primary key to early retirement is to have enough assets/investments in which you can safely withdraw interest earnings annually without depleting the principal on your investments.
There are thousands of people throughout the world retiring in their 30’s.
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Is it possible to retire by age 30? Yes… Is it likely? Probably not, however, it can be done. There are thousands of people using F.I.R.E. strategies to retire in their 30’s. At the very least, it is in my hopes that you can implement some of the strategies mentioned in this video to shave off 5-15 years off of your projected retirement date. If you find value in this video, don’t forget to hit the like button and subscribe for more videos!
I can see from this video that you are a loner and with no girlfriend
Hi.Are u single?!
The key is to start very young, live a minimalistic lifestyle and be wary of the cost of education and understand the labor markets. Years ago, degrees earners made much more than trade school earners. Now trade school earners make substantially more than degree earners. This is due largely to an oversupply of Bachelor’s degree coupled with a shortage of skilled trade labours. If you’re able to save 15 K per year starting at the age of 18. That’s $180,000 by the time you hit 30 without any growth. The key is expense management and living a moderate lifestyle.
Cheers for the Video! Apologies for butting in, I would love your thoughts. Have you heard about – Seyichael Underlying Superiority (Sure I saw it on Google)?
It is an awesome one of a kind product for force the universe to give you money minus the normal expense. Ive heard some unbelievable things about it and my cousin got amazing success with it.
I retired at 32… cholesterol went up for the first time
How to retire early? Increase your income – what an awesome advice from this video.
Stop deleting comments
Become a real writer, and you will keep money. Trust me I know. Writers don’t starve they fast daily and eat only what’s necessary for brain health mostly. They are too busy writing books to care about fancy cloths. They go to alot of free events and often go on a trip once a year. They are not pressed for friends because then it requires them to talk alot and writers prefer to listen. Having alot of money doesn’t promise happiness. I am not rich but I am happy, my wealth is that I am a genuis writer, and I have steady writing success.
I was doing FIRE before I even heard of it. When I was young there were no ETFs or Robos unfortunately, so I did not have the same low cost opportunities. I’m now 43, net worth of 1.1M and save 60٪ of my net. If stop saving anything, I will still have 4M by 65. I can quit my job and work for a rewarding charity now, or keep working and saving and amass millions more.
Make video
Its Working with a 35000 $ salary
Everybody i know go to Dubaï for cation i Drive Mercedes
They never Said you have to make 70000 $ salary for make the fire mouvement
Please make video on taxes as taxes months are approaching
Retire early, enjoy NEET life
Love how intellectual you are ❤
False illusion.
Do you plan on ever having kids? Because I think that would drastically complicate being able to estimate how much one would need to retire early. Do you have any advice for people who do want to eventually have kids but still want to retire earlier?
most ppl aren’t retiring 🙁
Weird question, but who’s your barber? Trying to find a good one in Philly.
Step one: Sell large amounts of ice or cocaine for a few years.
Step two: retire early.
what an amazing concept! retiring at 30 would be wild!
New world thinking! haha
@Nick Scuderi – RealLife Money ahhh! what a beauty!! wishing you the best in 2020!
Hey do you do video request? If so i was wondering if you could make a list of the top number of things that will happen in your life when you start making money through investing like, how people, friends and family start behaving after finding out about your new source of wealth. And another one about how making money through investing will change you view of life, change in mental state and behavior around people. It would also be nice if you could tell us your story and what began to change as an example.
Thanks.
Ok why would you want to tho? What are you going to do for the next 50 years of your life
I think retirement in a lot of people’s minds is to get away from a traditional job and start doing more of what we enjoy instead of giving time to someone else all the time. 🙂
This should be a great motivation to invest, as everyone should. However, there is a huge flaw in pondering “retiring at 30” without even questioning the potential cost of medical. Medical coverage, the lack there of that is, can bankrupt someone at the blink of an eye if unfortunate. All hope is not completely lost for anyone trying to set a goal to “retire” at 30 years old. IF while in the workforce you have access to a Health Savings Account (HSA), I would personally max out that contribution before maxing out any other form(s) of IRA. Research the “triple-tax advantage” of an HSA and then continue towards your personal goal as you see fit.
Lastly, treat this goal not as a win or lose deadline, but a guaranteed chance to be in a much better position that you were before trying to achieve the goal. Most likely, once you age towards or to age 30, you find yourself very satisfied with the life you have been building and will reset the goal for the next future. One thing I would bet almost everyone has in common once they reach 40s-50s-60s, is that there is a certain level of “I wish I could go back in time a little” and then we realize we can’t. Good luck and enjoy life.
Hey Nate, love your content! Can you do a video on how to rebalance your portfolio and how often you need to do it?
I’m on track to retire at 35 – 40, and I’m willing to make sacrifices to do it.
Thats awesome! I’ve learned the first step is to plan to make it happen!
Awesome work brother. Keep it up. Started my own channel talking about financial literacy and real estate investing.
Hello, could you please add subtitle in english? I’m Asian and I think your content is really good but I have problem with my listening skill. And I think our disabled/deaf friend’s out there need it too. Thanks
I wish I watched this video when I was 15.
Same haha. Better later than never tho!
This theory sounds great, but unfortunately it’s probably just a theory.
Indeed, it’s possible to retire at the age of 30, but it’s highly unlikely. Most of us already have or will have wifes/husbands and children. So it’s obvious that it will be additnional living cost.
In my opinion, when you have a family, imagining that you will retire at the age od 30 and thinking that in the future you will spend the same amount of money then that you are spending now is an utopy. I wish so, but it won’t be like that.
This theory is only adressed to all-time singles and couples in wich both partners will be able to save enough money for both of them to retire early. Otherwise, it won’t work.
How can young kids get assets ? Don’t work like that. Assets are earned. or given by rich people.
Ive been saving, working on my credit score, and becoming financially literate since I was 16 years old. Bought my first investment rental property at age 26. Nothing comes quick or easy. Started my own channel talking about financial literacy and real estate investing.
Man, you’re kinda trapped in a social stigma yourself. You consider work as something dull and boring that you should abandon as soon as you possibly can. How about working all your adult life at high paying *interesting* job? The one that exposes your talents and satisfies you on all possible levels. Imo, that’s what should inspire young people. Not making a bunch of money by your 30s and then “exploring the world”. How about investing these yearly years in becoming top lawyer or engineer or architect or whatever? Then you’ll be able to work as much time as you want (when you achieve certain level in your profession, you can afford that) while exploring the world all those years, not waiting to that promised land of retirement. Be the best in what you love and you will be financially independent, happy, and willing to do it till the day you die and not till the retirement. Obviously, it can be youtube-blogging or investing as well, but there are also thousands of others jobs and possibilities that will give you purpose and joy and won’t make you feel a slave waiting for the freedom aka retirement.
Love your videos, Nate, I can’t tell you how helpful they are! Would you consider doing a video on budgeting for people who don’t have a regular paycheck? I run my own art school, and I can never tell exactly how many students will sign up for which classes. Sometimes, like at the beginning of the semester, I have a big chunk of income, whereas other months are slower. Thanks so much!
It seems that this is only for specific people. People who took another path like me, being almost 50 years old, working as a nurse, having 5 children, one divorce, tried to get to the next check without the thinking of investments because of the small income…this can be too late?
Great video! This inspires me and my finance channel! Let’s FIRE!
Subscribed!
Notification Squad!
Find what you love and you won’t have to work a minute in your life ever again :).
Great video, great advice but this advice is kinda “I fucking hate my job and I want to quit ASAP”.
Make your money doing what you love, being it private bussines owner, lawyer, doctor or anything else.
Financial freedom will give you mental independence when you will no longer give a shit what anyone says there or do.
And of course, if your boss is asshole you can buy him and sell him on ebay
The way I feel about YT channels nowadays is they are all repeating the SAME information just wording it differently. It’s annoying. Nothing new. Nothing fresh. Nothing innovative.
GOOD VIDEO
Hey man, do you have a online course of any sort of online business. I am down to buy it right now please. If not at least could you recommend me any good ones?
Graham Stephen has great videos and courses. Started my own channel talking about financial literacy and real estate investing.
@MATT’S MILLENNIAL MONEY thanks and i appreciate your time. I was looking for someone that has good knowledge about shopify and dropshipping business
Good Lord, you are so good look and whatnot that I can hardly understand anything you are saying Nate lol. I will try though, Dimple Priya Singh from Trinidad in the Caribbean.
I meant good looking.
Your amazing
This 30x figure seems a little limited when it comes to a minimum requirement for retirement savings, especially if you are looking at minimizing expenses for a year or two to use as your yearly expense basis and those expenses climb again later after you stop watching them so closely. The larger issue is that a ~30 year old may not have a lot of the expenses that come as a person matures or starts a family – childcare and education can be expensive, and health issues and medical bills tend to increase as a person ages. Similarly, 30x expenses for a 30 year old’s bachelor-pad housing is likely a lot less than 30x expenses for a house in the suburbs for a growing family, which a lot of people will trend towards. Fortunately, most career jobs scale in pay grade and responsibilities over time, so realistically both your income and expenses will rise from where you are at around 30. That’s why you are supposed to take risks with your early-career money and invest in financial tools like growth stocks or even penny stocks and possibly using margin loans if you are certain of some investment, because large gains early on can compound into huge returns over a lifetime, whereas mistakes are less costly since you might have earned only 10% or so of your lifetime income total by around 30 because of school and how career positions scale. FANG stocks are usually solid bets (imho), but can provide better returns if you wait until a market downturn and buy them at a discount – but don’t take my word for it, do your own research! Have a good life!
At this point if Nate said he developed a method to unlock every mystery of the universe, I wouldn’t even question it nor be surprised that he was able to do so.
Really wishing you success. Wish I had been as switched on at your age. Good for you
Its never too late to succeed. Started my own channel talking about financial literacy and real estate investing.
I’m aiming to have the option to retire from my day job at 50. I see so many people at the office who are in their 50s/60s who keep working because they have families who depend on that income – and/or they just like having the routine of going to the office every day and seeing their “friends”/co-workers. I can’t help but wonder what dreams they gave up for this life when they were younger.
Set a goal early on, create a road-map to that goal, and work every day for it. Started my own channel talking about financial literacy and real estate investing.
Start a YouTube channel on basic, googlable information that has been relayed to the public hundreds of times before, make the videos longer than 10 minutes, get the 20-30 dollar CPM, work a decade, done.
Name of the game. Its a long term game
Retire at 30!? Retire from what?!! You haven’t even built a career yet to retire from. Hang in there everyone. Next month: “How to retire in your late teens”
So times 30 rule to get to retire at 30 only let’s you live retired until 60 years old am I right or am I missing something.
Thanks Nate for another awesome video. It’s never too early to start saving for retirement. Save now, enjoy later.
“40k per year is going to be incredibly hard”
Meanwhile I have a combined income of 25k. Ok. Great. It’s fine.
Anything is better than nothing. Gotta keep a positive attitude. Started my own channel talking about financial literacy and real estate investing.
i want to retire at 45 honestly but hey life is a bitch in many ways so i am still preparing to work till im 67 or so.
Gotta prepare for the long haul no matter. Started my own channel talking about financial literacy and real estate investing.
Nate, what’s your MBTI?
Hey Nate, were you ever planning on a Q & A video, so your audience can get to know you better personally?
Hi..Are u single?! 🙂
It’s on F.I.R.E.! Good job bro
This made me quit my job and start my YouTube channel
Bitcoin has had a positive return every single year except for 2018 and 2014. The returns from Bitcoin has outnumbered the stock market even though the stock market has been in a ten year bull run.
Who agrees he kinda resembles Martin Garrix?
i don’t think i can ever retire from making new investments, I’m not an expert at real estate investment and the rest, but I became a millionaire investing in stock as beginner,,,, from what I’ve witnessed it all comes down to having a good financial expert trader to handle your trades…thanks to Kyle Steven Wall I will be counting my second million this year.
I know investing in stock trading is a great way to grow my money and make good returns but I lack mentors who are really smart, any idea on how to get to Kyle Steven ?
@Ms. Brandon Just look him up online, he is famous in the US.
@Ms. Brandon Just look him up, he is famous in the US
you forget your biggest expense – TAXES is your number expense and no one even looks at that way… society doesnt teach you this because they dont want you to know
The more informed and literate we are the better off we are. Started my own channel talking about financial literacy and real estate investing.
It’s insane how committed I am about saving money due to your videos
Nate is such a knowledgeable guy. Started my own channel talking about financial literacy and real estate investing.
For those of us over age 30, it’s important to remember that regardless of age, if today someone starts to do what you are talking about, retirement can be just a few years away. Great video Nate!
Agreed 100%. Its never too late to begin. Started my own channel talking about financial literacy and real estate investing.
Hey can you make a video on how to invest in stock for beginners. And what are the apps for beginners. Also below the age of 18
A great starting point is the app “acorn”. Super simplistic and easy to understand. Started my own channel talking about financial literacy and real estate investing.
@MATT’S MILLENNIAL MONEY bro like I’m in the middle east . So I think i cant download the app
We are getting close to retire, but I wonder about health care.
Healthcare will continue to change. We gotta hope the political heads we vote in will have our best interests at heart. Started my own channel talking about financial literacy and real estate investing.
very good video! if you can have passive income streams coming your whole life, you’re set!
Bought my first rental property a year ago as my first passive investment. Started my own channel talking about financial literacy and real estate investing.
U r amazinggggggggggggg
You are a very smart guy!!!
Sound like Supahot… “I’m not a rapper” 🤣
This is super click baity but I still clicked
Started my own channel talking about financial literacy and real estate investing. I do the same thing with the clickbait. haha
Spanish please:c
Financial Independence Retire Early (FIRE)
(Have assets/investments to live off of)
.
Save 40 times your annual living expenses.
.
.
1. Have a budget to track your expenses.
.Get this to as low as possible.
.Major expenses; housing, food and
transportation
.
.
2. Increase income
. Side hustle/ build a business
.Get a second job
.
3. Invest the money you’ve saved.
. Real estate/ Stocks etc
. Beware of the risk involved.
. Do as much research as possible.
I’m 37 got 2 years got 1000 bucks think I can save 1 million in 2 years that’s 40k p/w so 1000pw minus rent 200 p/w minus food 100 leaves me only -39300 p/w I will do it !! Who the hell wants to retire in your 20’s FFS damn lazy millennials what is wrong with y’all what do you think your going to do watch judge judy for 16 hours p/d LOL
If I sacrifice food and housing I can get there 0x30 =0 I did it already ya !! Jokes aside great video, great channel. Really practical honest advice no b.s. from you Nate you’re the real deal thanks mate !!
retire in your 30s with young kids hahaha
im 29 and have 3500 in the bank fml
If anybody asks you “What do you do for living?” and you tell them that you are retired and you look 30 or less, they will think you are unemployed and arrogant.
Bottom line is never retire at 30 even if you are a billionaire. Run some breakeven business atleast to show off till 50. Later on you can transform yourself into a spiritual guru or some kind and waste yours and others time if you want.
Step 1 : Cut Expenses
( Housing – Transportation – Food )
Step 2 : Increase Income
Step 3 : Invest Your Money
I my opinion the goal shouldn’t be to retire at 30. The goal should be to find a job that you enjoy and don’t have or want to retire from. I’m 29, I couldn’t retire at 30. I would be far far too bored.
Me and my partner just found your channel – Age 29 hahah! Bit late to retire at 30 but maybe, hopefully 40!
Title is Fucking Awesome
Nice video, if people start building cash flowing assets when they’re 21 they should be able to retire by 30. The assets I’ve been working on are 1) Rental property 2) My youtube channel (about $500 per mo currently) 3) KDP Publishing on Amazon (about $1500 per mo)
Great video appreciate your channel
Yes! FIRE here 🔥
I love my job too much too retire lmao, working in law is a passion of mine and I don’t ever want to retire. But if retiring makes you happy you should aim for that goal! Good luck people. ✌
I don’t want to retire so early. I am a researcher and a teacher and I love my job. I am still young because of my occupation. Who would invent things if everyone was a minimalist not willing to work? We would still be in the caves. What is your contribution if you don’t work and you’re proud of it?
For budgeting I use Wallet by Budget Bakers and it’s one of the most useful apps on my phone.
The FIRE folks have a great vision, but need to remember you need to have a purpose and passion….sitting on the beach gets old after a couple weeks.
id rather not retire
but 20-30 yrs later inflation will not be the same as now….
You want to retire by 30? You lazy bone! 😅
REITs are generally very sound investments especially REIT index funds. These are investments in real estate.
Buying a few multi family properties (like triplexes or quadplexes) seems to be the ticket, to me. If you can live in one of the units, and the rental income from the other units can pay for the mortgages and other associated expenses (insurance, property taxes, repairs, etc.), you’re living for free. Plus, if the surplus from the rental incomes can pay off your expenses to live (food, car payments, going out, etc.), you can live off of that money and be retired. A big nest egg is great, it really is. However, cash flow is king.
Video idea:
All the realistic concerns of FIRE, including
Marriage
Kids
Healthcare (especially as one grows older)
Health insurance (not under employer plan anymore)
Long-term care
Retirement homes
Income tax
Social Security
Market downturns
Unexpected expenses (such as car accident)
Changing one’s mind
Maybe it’s already been done?
which watch do you use?
Nate, Congrats for the great job you’re doing with videos anout Finances. Please, dont take this comment wrong. Remember you leave in my town where I grew up, Philadelphia. My comment is that you look great, but maybe once in a while have a different color type of shirt. 👍👍👍❤
Nice video Nate! Step 1: Cut expenses; Step 2: Increase income; Step 3: Invest wisely.
Retire? Be financially independence is good but it is good to contribute to society even more…
Big respect bro, best of luck!
I’m 19 💪🏼👍🏼!
I really like the backgroundmusic
Why not the 20 x rule?
The magical number in my opinion is 25 x not 30 x
I retired at 32…I told all my friends my plan years back but nobody believed me ..