How to Retire As Early As Possible (Starting from $0)

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Title	:	How to Retire As Early As Possible (Starting from $0)
Lasting	:	12.43
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Views	:	253 rb

Thanks
Comment from : @SulemanHamadMuhammed-of9mg

Already savings rate 100 but still unsure
Comment from : @RichLifeMY

That calculator is awesome I can retire in 61 years
Comment from : @ChitChatBFF

I'm proud of my work but I hope to work part time one day and have enough to be happy
Comment from : @roupenohanian5652

I was reading this article that said Americans in their 40s are the least prepared for retirement It makes sense when you think about it Most people are busy with mortgages, kids, or paying off debt, so retirement planning takes a back seat
Comment from : @SvetlanaLana-y2g

Interesting, now we need find what Water stands for 🤔
Comment from : @kingofthegod8983

Avoiding lifestyle creep is really the ticket I save about 70-80 at this point just throwing what I’m not spending into investments
Comment from : @canorth

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 : @OnkelFrauenknecht

If only investing were taught in schools, it would give people such an advantage My biggest regret is not starting earlier I just turned 54 with not enough set aside for retirement and awfully late to investing with barely any portfolio except my 401k I have always been curious about the market and have witnessed people who played the game right and retired early I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I'm getting worried about retirement, my intention is to retire before 60 How best do I maximize my savings of over $120k?
Comment from : @Vanessa5054-s7r

I want to retire in 10 years 😭and move back to the Philippines currently making 75k as a truck driver here in America I'm 22 so hopefully soon this helps a lot on setting a base plan thank you
Comment from : @Myesctacy

Need a big bucket, earn as much as you can, keep fixed costs tight
Comment from : @AG-so4gl

I believe the retirement crisis will get even worse Many struggle to save due to low wages, rising prices, and exorbitant rents With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either
Comment from : @AnnieHolsen

So in what type of account can i place that kind of money each year in savings each year at an 8 return? If a Roth IRA only allows 7k contributions? Taxable brokerage account? 401k? Across each one?
Comment from : @ronldmaurice

Please use actuarial tables for life expectancy - - at 64 - you are projected to live until 84, not 77
Comment from : @rafal2959

It's recommended to save at least 20 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 20 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time
Comment from : @JoeWilmoth-k2w

I just turned 44 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I'm getting worried about retirement, my intention is to retire atbr55 How best do I maximize my savings of over $220k
Comment from : @mariadrukker2557

I just sold a property in Portland 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 $450k gains with months, I'm really just confused at this point
Comment from : @Hannahbenowitz

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get 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 : @MathewOliver486

Crunching the numbers on the nerdwallet calculator vs networthify produce vastly different outcomes Perhaps I’m doing something wrong?
Comment from : @michaeldefelice6198

Thanks for keeping us informed I feel for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore You've helped me a lot Ms RACHAEL CAMPBELL! Imagine I invested $5,500 and received $22,200 after some days
Comment from : @EricWhite-j7i

Love the content but the background music is distracting and does not go well with this
Comment from : @Lifeisgoodonearth

The 4 rule is NOT safe The real safe withdrawal rate is a bit lower than that
Comment from : @first7589

I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30 per year in dividend returns Any advice?
Comment from : @Soniajohn4

Due to spinal cord injury my life expectancy is 60, I’m 21 now no way am I working my entire life
Comment from : @brentdude2100

It takes a dedicated person to put your money into retirement and trusting it will grow into a large nest egg
Comment from : @solaydbak

Americans complaining about housing cost Come to Canada and you 'll see how expensive living can get
Comment from : @jon8than

It's funny how how much money you spend is dependent on what you think your friends/family want you to have
Comment from : @JamesKarrie

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge
Comment from : @Bismarkdee-b9n

I think it should be said that the "4" is conceptually correct, but numerically wrong It was based on partial data, so a more reasonable number is 2,5 not 4, and it is bound to vary or fluctuate depending on market conditions My main source for this is Ben Felix (youtuber explaining this concept in detail)
Comment from : @evandroitaly

I’m 55 from Sri Lanka but worked overseas in USA all my life I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation Is this enough to retire comfortably, or do I need some sort of money management??
Comment from : @TylerofSc004

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k
Comment from : @Mitch10bands

Apparently Youtube thinks that forcing me to sit through commercials with no option to close them out will make me buy the things being advertised Jokes on them
Comment from : @russbilderback

Inflation is making saving so hard brLet alone retire
Comment from : @Adnanhasb1

More and more people might face 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 : @Riggsnic_co

Too many hand gestures Seems weird and forced
Comment from : @steelmantv

The thought of retirement makes me cry My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame forit's especially difficult for people who are retired
Comment from : @nicolasbenson009

I am 6ft9in and judging by the stats I am predicting that I clock out around 60-70 years of age I am 23 right now, fresh MBA grad working accounting I plan to super save for 15 years, getting a home and paying it off in the process, and simply chilling at my house for the remainder of my life I really enjoy gardening for instance or music
Comment from : @BigRobChicagoPL

I mean you can die at any moment but it's sad to think that on average you get to live your life on your terms only for 13 years
Comment from : @JC-od3tg

I've come up with a good balance of enjoying life now while saving for retirement
Comment from : @NomadicLifer

Another boring video that says same thing all financial guru and magazines say No creative thinking
Comment from : @gettingslim186

Looks like I’m not going to be able to retire
Comment from : @trialsrob214

If you make it to 64, you'll probably live well into your 80's
Comment from : @noreenn6976

Also teachers working for public schools are government employees so they will receive pension benefits after 5 years and increases with 10 and 20 year longevity of careers Add this to SSA, and other savings…
Comment from : @blueupgreendown6402

Avoid debt at all costs no mortgage no car payments no credit cards and don't believe the lies of the mainstream live within your means and live very small only the rich get to live the dream the rest of us slaves have to work until we're dead unless you avoid debt like the plague
Comment from : @stevestephens1673

If you move to Massachusetts you pay more taxes State taxes are real We call it taxachussetts for a reason
Comment from : @richardrobinson6211

Humphreigh
Comment from : @brennancarr2611

0:06 Avg Retirement Starting at 64 yo but the Avg lifespan is only 77 yo brbr I see far too many sources pushing people to have 30, 40, or more years built into their retirement brSpend your whole life eating antacids to prepare for something that will most likely not happen? Thank you for mentioning the real numbers and not going with the usual figures that are skewed based upon a pool of people that have already reached 65 years of age!
Comment from : @ron9665

I'm about to turn 50 this year and your calculator says I should have retired alreadyover 5 years ago to be exact LOL
Comment from : @jpollar

Why in the world would I need $40,000 a year in retirement?
Comment from : @ingababy5196

This calculator is pointless because your expenses now are much more than they will be in retirement when you no longer have a mortgage
Comment from : @TheseEndlessNights

i looked up all the retirement plans and one of them is an index fund and it gives 20 back yearly so i could basically take out 100k when i have 500k
Comment from : @Meek2001

Wrong 4 withdrawal rate was computed for 30 year retirement, not "indefinitely" The idea is that in a large percentage of outcomes, you completely run out of funds after 30 years (your potrfolio hits zero)brFor the portfolio to be safe indefinitely, you have to decrease the withdrawal rate to just 3
Comment from : @rokkralj9786

I’m 28 and have 400,000 in invested savings Usually spend is 15k a year When can I retire?
Comment from : @LonghairedJizzExpert

My savings rate is about 22
Comment from : @1974dodgecharger

Many don’t retire at 64
Comment from : @TerryCollinsP31Lifestyle

We moved from Colorado Springs to a small town in the PNW My pay as a nurse went up $15/hr, and housing is a little cheaper So we can now save so much more
Comment from : @beatlesgirl1981

9:20 You could move to MA from TN and that 10 would grow; however, so would your cost of living Per Nerdwallet a move from Nashville to Boston would likely increase your cost of living by 49 (A gross income of $70,000 in Nashville - To maintain your standard of living in Boston, MA, you'll need a household income of: $104,016 The cost of living is 49 higher in Boston, MA) This may prevent a person from being able to afford to save that 10 The housing cost is also about 240 of the TN cost (Median home price (3BR, 2BA) TN $528,868 MA $1,001,917)
Comment from : @ron9665

But if you are young and have been outside the housing market you will be hopelessly left behind no matter what you do
Comment from : @frstchan

Retiring with over 20 years left to live or at the wrong market cycles the 4 withdrawal will destroy your portfolio
Comment from : @ForwardThinkingIncome

How to retire early: make a video titled "how to retire early" talk about random shit for over 10 minutes to ensure that the video is monetized and wait until as many people as possible watch your video and the money pours in 2ez
Comment from : @An_Obese_Beaver

Why are financial advisors so terrified of the "B" word? They will use any other word or phrase, like "spend" or "lifestyle choices", instead of just calling it what it isa BUDGET! The biggest reason Baby Boomers are retiring with so little saved is because they never followed a budget, but I promise you once they're on a very limited, and very fixed income, a budget is the only chance they have of making it! The formulas shown in this video are complete crap because they ignore the realities of how most Americans spend, primarily due to the fact that they don't have a budget and don't know how to spend within that budget
Comment from : @jasonbroom7147

A critical insight successful retirees often don't openly share is the realization that building wealth hinges on making prudent investments I began by acquiring my first home at 21 for $87k, eventually selling it for $197,000 Subsequently, my second property, purchased for $170,000, fetched $320,000 upon sale The third property, initially bought at $300k, yielded $589,000, with buyers covering closing costs While the goal of reaching a million before retirement may feel unfulfilled, staying motivated is key and all thanks to David Marvin Willis my advisor
Comment from : @DanielAdolf

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life Make prudent investment choices to secure good returns and ensure a comfortable retirement
Comment from : @Casey-summer

Another variable to throw in would be social security When you start recieving SS that can also help offset some of these numbers, in a positive way
Comment from : @AccordingtoWarren

Just sold some properties with my family and looking into stocks to buy this should be exciting
Comment from : @DavisCooper-ws6su

Great video 😀
Comment from : @DionTalkFinancialFreedom

I have not worked last 3 years and my money is grovingbrHe dont talk abaot the heritagebrMy bank do
Comment from : @tommyfranzen5500

I don't plan to retire I do plan to gear down in my late 40's Instead consult, advise and teach what I have learned in energy and construction Kids will be grown, home will be owned and my wife's pension will kick in on top of my investments This doesn't include any inheritance
Comment from : @cmdr1911

Lifestyle creep is such a big reason I won't be able to retire as soon as I wanted
Comment from : @bellmattwebb

Currently at 30 going into both traditional and roth 401k Just opened a Roth IRA with Schwab Going to try to max it all out so I can retire at 50
Comment from : @USMC978

Thank you! Your videos are always very helpful Could you please do a video like this with someone who makes around $34500 pretax?
Comment from : @aiden1270

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action Investing is 5 intellect and 95 temperament
Comment from : @collinsnorman473

I understood most of this, but the portfolios and withdrawal rates lost me Could you kinda break that down a little more?
Comment from : @kasiemccurdy4111

I have been retired for five years now Although I've been adhering to the 4 rule, things are challenging as I did not anticipate 30 of the $600K I invested in st0cks is lost to the market How can I diversify my portfolio for retirement
Comment from : @PatrickLloyd-

Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10 from 1926 to 2022
Comment from : @Farmwald853

I think it is worth it to go on vacation even if you end up retiring later Why save all the fun for when you're old and can't do as much?
Comment from : @gh3meister

What exactly is the big deal with retiring early??? My true net worth is well into 8 (eight) figures I am 75 and still work full time!
Comment from : @frankalexander5401

Can’t thank you enough Humphrey 😊 learnt so much from your videos!
Comment from : @karenawong8985

Interesting video; I wish I had more time for experimentation, but I'll be 50 by June, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $5 million by the age of 65
Comment from : @helenrhettgordon696

Well Im out on this idea Im 40 don't have enough to save that much annual Plus my kids are going to college,one in 5 years the other in 10 years I live in California even the hood is expensive to live in So affordable rent in California isn't a option
Comment from : @msdiamondpiggy

I vehemently despise the 4 rule
Comment from : @SOAP-jf7ue

Is there such a thing as an addiction to reading posting by scammers? I’m just fascinated by their stories
Comment from : @shailee9762

NGL, I'm scared
Comment from : @int_pro

I live in South Carolina, the median income as of the 2020 census is only $28,569 [household median is $54,864] Nobody here can afford to live on just 50 of our income no matter how frugal we are
Comment from : @robins3206

Good luck figuring all this out during an inflationary decade
Comment from : @tredegar4163

Sure but the cost of living when living in MA is going to be higher so you might not be able to save 10 oercent
Comment from : @DarthVader1899

I lived like I was on a camping trip for 20 years at my home and saved 80 of my paycheck from my factory job I retired five years ago at the age of 57 My only regret is that I wish I would have retired sooner
Comment from : @SteveV1960

You dont have to retire in usa lol
Comment from : @victoriancu7358

Going to have to push back on the "average" savings under 35 Averages are horribly scued in America when it comes to money, as the top 5 make a majority of the income You'll want to use median figures for a more accurate picture
Comment from : @elijahlunt276