How Do I Start Saving For An Early Retirement?

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Title	:	How Do I Start Saving For An Early Retirement?
Lasting	:	8.16
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Views	:	166 rb

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Comment from : @RamseyEverydayMillionaires

I’m looking to retire in the next 5 years, and I need to boost my retirement savings by at least $150k Any advice?
Comment from : @CadeCowell-ft4fe

I used to think retirement was something you worry about later Now, with everything going on, inflation, job uncertainty, market volatility it feels like if I don’t start planning now, I’ll never get there
Comment from : @martinarodrigues203

Generating wealth is important, but protecting your capital is even more essential Once lost, rebuilding financial stability becomes significantly more challenging It's the difference between "missing an opportunity" and "losing everything" while new chances will always arise, losing your capital could bring your journey to an abrupt halt
Comment from : @OyunBabus-e4k

I believe the retirement crisis will get even worse Many struggle to save due to low wages rising prices and exorbitant rent With home ownership becoming unattainable for the middle class American, they may not have a home to retire to either
Comment from : @JacobWalker-jx3nf

Thank you so much for this video It was very instructive
Comment from : @Ima-z9n

Thank you so much
Comment from : @dajuanzorn

It was very interesting
Comment from : @Tamera-h7v

Because corporate America stinks!!! It’s a terrible life
Comment from : @theresa7044

I think they missed the point of retiring earlybrI think you should get to the point or "retirement" not because you hate you just, but to have optionsbrEven if you love your job, nobody promises you that you wouldn't get fired or even worse would not phisicly or mentally be able to workbrInvesting for retirement is not because you hate your job or because you wanna do nothing, it is to have options!
Comment from : @DanielD2724

Dave whinging about having to pay more tax because he’s rich… get over it crybaby
Comment from : @utuba3510

Hi, I’m 51 n don’t have a retirement Is it too late to open one?
Comment from : @veronicagutierrez3103

not all jobs have a shelf life of 60 age , so tech jobs not many people last in tech till 60
Comment from : @prabinprabhakar5663

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @EliaszPass

According to my Adviser; bInvesting for Retirement is better than Saving for Retirement/b
Comment from : @georgestone0123

The concept of mini-retirement changed my life I'm no longer waiting for some retirement paradise when I'm 65 It helps to know how to fund the lifestyle You know, making money while you sip that piña colada by the beach does help I wouldn't have been able to do it otherwise
Comment from : @ClarkeGriffiny7

I first started thinking about retirement, I didn’t know the difference between a 401(k) and an IRA And honestly, most people make mistakes right at the start that can be tough to recover from They try to jump into ‘hot’ investments instead of building a steady, reliable strategy
Comment from : @Franky-j6e

People are facing a tough time in retirement Low-paying jobs, inflation, and high rents make it hard to save Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire
Comment from : @AnnieHolsen

Have any of you been keeping an eye on your stock portfolios lately? I've faced significant losses recently Some growth stocks I invested in seemed promising, but now things look bleak My tech stocks, in particular, have been plummeting I'm down nearly $100,000 in my portfolio
Comment from : @LuisBaquedano-y5w

So far I'm doing good, approaching retirement with about 800k in savings Transitioning from building wealth to spending can be scary, especially with soaring inflation My question is, after maxing out my tax-advantaged retirement accounts, what next?
Comment from : @NicholasBall130

Anyone know any options for opening a Roth IRA for Bahamian citizens?
Comment from : @arielrussell5822

Today
Comment from : @masquereseau5635

It is advisable to save at least 15 of your income in a 401(k) Online calculators can help you estimate the appropriate savings amount based on your age and income By saving at least 15 of your income in a 401(k), you can work towards a comfortable retirement This strategy allows you to benefit from compound interest, potentially growing your retirement savings significantly over time
Comment from : @caseybills5517

The concept of mini-retirement changed my life I'm no longer waiting for some retirement paradise when I'm 65 It helps to know how to fund the lifestyle You know, making money while you sip that piña colada by the beach does help I wouldn't have been able to do it otherwise
Comment from : @dianemoore-

Im 20 years old right now but ill be able to retire at 53 with a 35 year maxed out pension but i wont be able to recieve it until im 65 I also am putting money into a 401k that i cant receive from either untim im 65 What do you guys recommend i invest in instead to be able to retire at 53 and wait for the pension?
Comment from : @xShadyy-_-

synopsis: to retire early Dave says open a taxable brokerage account He also suggests a low cost index fund to invest based on s&p 500 First time I heard him be a fan of index funds; thought he hated them based on other clips
Comment from : @customersupport-v9h

Look at John delony recognizing his people
Comment from : @amdog5055

Recently retired and unsure if my 401(k) and IRA will provide a stable future i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this Do you suggest i get into stocks or buy a rental property?
Comment from : @jacklyn-b1u

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
Comment from : @Mongarnsamuel

Assets that produce income buddy
Comment from : @J-GMORE

Buy rental properties
Comment from : @J-GMORE

My strategy has always been to invest 25 of my income in the stock market at the beginning of each month The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses What can I do please?
Comment from : @DennisJack-km8ho

John, people with physically demanding jobs have a really good reason to think about this Bridge accounts are wonderful for everyone, they give you options for work you want to do, or can do, which go along with an income decrease
Comment from : @janeaustere

So Dave has more than 500,000 in capital gains each year and is thus taxed at 20 rather than 15 That's not punishment, that's a massive tax break rather than a slightly more massive one
Comment from : @bdunni88

As part of my retirement plans and also owing to the very shaky housing market now, I just sold a property in Philly and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains in months, I'm really just confused at this point
Comment from : @HodgeChris

To John's point, my career is nothing more than a job to me, a well-paying job, but a job, nonetheless If I were to follow "follow my dreams" or "do something I love" I'd be broke
Comment from : @foxhound34

Hey there! Just wanted to remind you that it's never too late to start taking your investment journey serious I remember struggling for years before diving into crypto last year and let me tell you, it completely changed my life so don't lose hope, my friend
Comment from : @GideonMitchell17

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>,,,,
Comment from : @AudraZapoticky55

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>
Comment from : @Madlyn55

You're not being punished for being rich, you're contributing to the society that allowed you to be rich Hope you pave your own roads literally, Dave
Comment from : @knapptimezzz

Does Dave know there is life outside of work? 😂
Comment from : @TheBrookerFamily

Time is the main ingredient when it comes to wealth building A famous parable emphasizes the importance of investing earlybrThe story is about two friends, Ben and Arthur, who are both 19 years old At age 19, Ben decides to start investing $2,000 per year for the next eight years – from age 19 to 26 At age 26 Ben stops investing but never touches the investment and allows it to grow Ben invests a total of $16,000brWhen Arthur turns 26, he decides to start investing $2,000 per year for the next 39 years until he reaches age 65, for a total of $78,000 investedbrWhen they turn 65 years old, Ben – who only invested $16,000 – has an investment balance of $2,288,996 Arthur invested $78,000 and has a balance of $1,532,166 As you can see, Ben saved $62,000 less than Arthur but still came out $700,000 ahead of his friend”
Comment from : @jenniturtleburger3708

Marry someone in a nursing home
Comment from : @couchwarrior7207

Some of us hate all jobs of all descriptions I am saying this after 35 years of successfully working, and a 25 years in a meaningful profession I found zero meaning in any of it I only worked to afford to not work
Comment from : @diggernash1

Acquiring 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
Comment from : @AdebayourQuadri

At 6:26, what's the story behind Dave's one painted nail?
Comment from : @sohrabgodrej1548

So what about the rule of 55? I retired from my mgmt job & took a different job Working on becoming a financial coach
Comment from : @lionmangolf

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive
Comment from : @mohican-jx6fx

There’s no job that I love tho I just don’t want to work rather spend time with family
Comment from : @joeb8725

3:00 Dave admits owning a ‘considerable’ S&P 500 index fund, something he usually discourages in lieu of managed funds
Comment from : @rothbj1

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments Begin by creating a budget to track expenses and identify areas for savings Prioritize paying off high-interest debt and establishing an emergency fund As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities
Comment from : @georgestone0123

It's highly advisable to seek counsel from an investment adviser, especially when approaching retirement amidst the complex financial market Personally, I've diligently sought advice, and the results are astonishing—a humble $70k investment has blossomed into an astounding $950k, with figures still on the rise
Comment from : @davemallinson4204

Most Americans find it hard to retire comfortably amid economy crisis Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
Comment from : @greekbarrios

If you get paid an inheritance in money and collect it all at once, do you have to pay taxes on it? If so, do you get back any of it like a tax return?
Comment from : @tee12moore71

I'd love to invest in stocks for retirement after listening to a guy on a podcast talk about the importance of investing and how he made over $800k in few months of investing into stocks from $300k initial capital, somehow this video has helped shed light on some things but I'm confused about the current market volatility I'm new to this and I'm open to ideas
Comment from : @olegsacha9695

Retiring from public service made me realize that I had no means of passive income, and in 35 years, I had only moved round in circles financially I needed to make investments immediately despite retirement and that led me to looking for ways out I feel very accomplished every time I remember my journey and how I've been able to grow my portfolio to 7 figures, with the help of my broker Olivia Rene Reyes Mind-blowing experience really Thanks for this video by the way, I think this year was a big win for us investors Go stocks!!
Comment from : @tylerforeman667

I have a S&P 500 index fund on the side I don’t buy single stocks But you know the S&P will always win in the long haul You just can’t look at it or you’ll be tempted to sell during bad times
Comment from : @Anthony-zw1qb

No one wants to work until they're 60 or 70 We want to retire at 50 and enjoy our lives before we can't Everyone I know that retires at 60ish spends most of their time at the doctor
Comment from : @danielreeves4799

What's the deal with his one black fingernail?
Comment from : @robbymcdobby

As a hairstylist of 11 years I plan on retiring early mainly and mostly because of the physical demand on the body I love love love what I do but I understand the limits of a 20-30 year career before the body breaks down I think may be that could be a reason!
Comment from : @NatalieSInColor

I'm on track to be retired by age 35 For me, that means that I can have $1,000 per month for my regular expenses, and I can focus on my life goals
Comment from : @joesrandomcastings7826

I want to quickly get to FI I'm not rushing to retire early
Comment from : @TheFirstRealChewy

If you retire early you can without penalty withdrawal from your 401K
Comment from : @TheRealEdStoner

@5:30 John, setting yourself up for an early retirement doesn't mean you don't like what you do It just means you are planning so you can create options for yourself and not necessarily work if you don't want to or for some reason can't Bridge Accounts are imperative in creating financial peace, I wish you guys would focus more on this part of the wealth-building journey
Comment from : @brandonrunkel6290

1:00 Dave wants us to work the baby steps before saving for retirement No Not for me You can always get more money You can never get time back
Comment from : @OhWell0

6:00- people want to be wealthy John!
Comment from : @francescocomposto6157

You can produce a monthly income off of a 401K at age 55 or older if you retire or get fired after 55 and keep the money in the 401K until 59 1/2 Save 25 in your 401K before you retire
Comment from : @teams3345

My dream is to do nothing So there’s that
Comment from : @atto8198

What are you doing that causes all your black nails? Have you started shop hobbies?
Comment from : @1isaM111er

There might be an economical turmoil but there is no doubt that this is still the best time to invest
Comment from : @wilsonjudson1650

Dave’s advice is legitimate advice , all numbers , easily explained , disciplined based , u may get all these quick money plans but true and tested , Dave Ramsey surely proved it during covid , at least in my life , Thank God
Comment from : @rchi3906

dividend growth investing is a better approach, never sell, live off dividends
Comment from : @DobyDuke

How could you not find information on early retirement but you found Dave Ramsey?
Comment from : @Compounddeznuts

Ramsey would you consider doing a video with ideas of financial options I can explore as the economy is heading towards severe recessionI'm retired and under pressure to grow my reserve of $250k
Comment from : @bruceconnor8010

I want to retire early so I can work the job I am passionate about that doesn't pay well rather than work the job I don't have passion for that pays well
Comment from : @kablah777

The IRS is setup to penalize upward momentum
Comment from : @gjohannes1344

No one gonna mention that Social Security will almost assuredly not be around when this young man is retirement age?
Comment from : @Mr_Fairdale

Live at home until 30 Save 90 Buy house in cash Invest in growth mutual funds Easy work
Comment from : @barrymadickiner

Retirement for me would be keep doing what I’m doing but at 50 reduced hours I would like to be able to take as many days off as I want (paid and/or unpaid) and only work 2-3 days week no more than 20 hours
Comment from : @10x-that

I just don’t get why someone cannot want to retire and stop working! I love my job but I do not want to do this past 60 I want to retire and do hobbies, volunteer, travel I have no desire to keep a career in retirement and this sentiment you just die if you stop working is ridiculous People all define retirement differently and I wish they’d stop judging those who define it as leaving their career
Comment from : @wendyo8395

He should read the book, "Quit like a Millionare", she gives step by step on how to do this, and access your money before "normal" retirement, AND not be overly taxed This book has the key
Comment from : @lizromero8952