How To Retire In 10 Years (Starting With $0)

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

The YouTube Creator Academy:

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:

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.

My ENTIRE Camera and Recording Equipment:

[CZsWorld]

Graham: How to retire in 10 years at 30.
Me, 29: 😰

[GKrova]

going to make my 5-year-old brother watch this so he can drop out of high school

[issecret]

I save 80% of my income and I expect to be financially independent in 25 years from taxed investments alone. I'm from a poor country, so it's a pretty big deal for me

[nicolasbenson]

It's recommended to save at least 15% 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 15% 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.

[michealwrubell]

One thought is to buy the dip and then wait to break even, another thought is: Will buying low during a recession work if I'm retiring in the next 3years, I'm no way near prepared for retirement and I just need strategies to scale up to atleast 2million by the time I'm set to retire

[CraigMarsh-hupf]

According to the New York Times, the average savings of a couple reaching retirement is $110k I’m closing in on my retirement and I’m under pressure to grow my reserve of $330k, despite the fact the capital gains you can make on growth stocks far outweigh dividend yields, and even in downtrends folks still pull off 6-7figures gains in months. surely the risk is much greater, but I’d love to know how.

[NicholasBall]

Interesting video I'm in my 50s and I'm more interested in investments that could set me up for retirement, I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[joesphcu]

The retirement fund that my wife and I have built up is doing quite nicely. The majority of the money, which averaged roughly $2 million, was made by taking advantage of the opportunity to purchase luxury stocks at a significant discount during the Great Recession. 2009 saw my stockbroker fired, all of my mutual funds liquidated, and I purchase individual dividend stocks. You can succeed if you are patient, don't panic, and do your homework.

[joshmellon]

I started living like I was broke earlier this year and I love it lol. I have thousands saved up, my gold collection is growing, and I feel more disciplined. It's not what you make its what you do with it that counts.

[twoczfc]

I make less than 50k after taxes a year as a single father. I’m in my mid 30s but I am trying. Since I began watching your videos and implementing some of your strategies. I’ve become a much more stable financially. Also starting to look into online courses so I can learn to code. Truly appreciate your input on everything.

[Freddyyyy]

At 42, I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.

[jerrycampbell-utyf]

Awesome! I appreciate your viewpoint. I currently earn $600k per year. I have no home or investments, and my job is in New York because I work from home. I need to act quickly or else I'll owe the IRS thousands of dollars come tax season. What should I do?

[graceocean]

What's needed? Liquid cash. Everyone only has credit. If you have stacks of cash, you can capitalize on everyone's credit. A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying.

[jamescurley]

I am very privileged to only be 18 years old watching this vid and being ready to apply the concept

[ggyjjbc]

When he said “In some cases your housing can take up 50% of your income!”
I giggled a bit then started crying.

[naturegirl]

Investing is all about knowing bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?

[chaneltompkins]

I’ll be 35 this year. Got a very late start but, paid off my first property this week! Gonna leverage up to a multi-unit property next. I’ve been watching for a few years now, and I must say you have completely changed my mindset about money. Thank you!

[jacobs]

Exactly how we live. Always lived on way less than we make and I keep a very intentional budget. We have a paid off house that we bought for $100, 000 and is worth over $300, 000 now with sweat equity. We’re now worth over $2 mil with investments and in our early 30s. We work because we like what we do and we have a lot of fun camping and hiking with our kids. While our friends blow money on depreciating assets, we drive modest vehicles. You don’t need to blow money to have fun in life. We are comfortable, content, happy, and stress free.

[SuperFitRoy]

Great video, I think it’s one that can be watched over and over until you can apply the majority of the info to your daily life. 🙌🏽

[marcelchirau]

Best video so far Graham! All we need to know, nothing complicated and reality served as it is!! This video only motivates to do more!