How to Retire in 7 Years Starting with $0

Today we're going to discuss the step by step guide I used to reach my early retirement goal in my late 20's. Enjoy!
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TIME STAMPS
00:00 Intro
01:15 Phase 1 - Your Freedom Figure
04:12 Phase 2 - Laying The Foundations
08:28 Phase 3 - Building Multiple Income Streams
10:35 Phase 4 - Creating Passive Income
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[MercyBarret]

*Amazing. “How I got wealthy, do this..”*

[ericnewman]

I just turned 2 years old and I plan to be financially free by age 9, this is so exciting!

[Riggsnic_co]

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.

[SarahTaylor_]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[ValidatorRisen]

I had a few motivation concerns a while ago because I was only investing into stocks I believed in and didn't understand how to pick reliable ones to grow from. After finding your channel I've had a lot more confidence and less stress in getting by because no one else was offering the kind of information you had in your videos. I sure wish I found these videos sooner because I'd have been in a position to begin some part of freedom, but after getting older it helps you make effective decisions and fall-back options. Thanks for looking out for people despite being wealthy yourself, there's such a negative stigma behind people having a lot of money because people always get jealous or envious but putting some of the advice into practice has already helped me so I know it's genuine. Thanks again Mark

[sbwildlifeandnature]

Love this and a lot of your other videos that I’ve come across! New subscriber, let’s get this side hustle started in the new year and build financial freedom 👊🏻

[ironheavenz]

Hey man, thanks a lot
I'm earning big for the first time in my life and I'm having a hard time choosing between investment options since I didn't even know what to look for, 'something that gives me back money on the long run' tends to leave lots of options on the table, you have been guiding me a lot with these videos and for that I'm really thankful

[DanRichter]

When I tell people my goal is to retire by 35 they look at me like crazy. Most people don't even give thought to retirement. As far as they're concerned, a paycheck is to buy food and nice things, not a ticket to buying your way out of slavery.

[Dz-gogu]

honestly the first video like this that ive watched all the way through. honest, solid advice. i personally am not looking for "advice" but maybe just to get cogs turning for more income. Im well on my way now having gotten into real estate. really appreciate your insight

[davethewave]

You have a lot of great points and ideas. The only thing I would disagree about is I personally feel any debt is dangerous and should be avoided. But I know guys who have made money leveraging it so it's all about your willingness to take on a certain amount of risk. I love your multiple income streams, that is a brilliant idea and much easier for most people to do than they think. Sometimes the simplest and most obvious ideas take someone to point them out to us before we realize they are there!

[DonkeyEMakesYouWiserNow]

Some time ago, my parents would not let me invest because the bank my dad used was TD but the Brokerage accounts required a $2000 minimum. I just looked for the smallest minimum requirement and now I can happily of passive income. I also made a side hustle that generates a small bit of income. I have two legs out of six. All thanks to your teachings, I have been successful so far.

[kelsie]

Yes yes yes! Retirement is freedom to do the things you actually enjoy. Early retirement gets a bad wrap because on the surface it seems like you just don’t want to work but in reality you want to have time freedom. Very well said Mark!

[marwinjucker]

Thank you, Mark, for sharing your insights. What I feel is missing, but equally important, is making friends with people driven by similar live goals like yours. That way, someone can help build your next income stream faster (think mastermind groups or someone who can connect, valuable people). Or you can diversify your potential income streams by being an investor for a friend (think: lending money to a friend focusing on real estate and receive shares from the rent).

[rubygarcia]

This was amazing, you got straight to the point, did not sell me anything, and helped my feel motivated and clear about my path ahead.

[matthewgiles]

Appreciate your advice while starting up a business for the first time, Mark! Been watching your videos a lot and your authenticity is just amazing. Any advice you can give, I'll absorb!

[indiaharris]

Great video! Thanks for helping out the next generation without charging thousands of pounds for a course. You’ve been really helpful not only for business tips, but also for motivation.

[jasonbusta]

I think the ideas and concepts of this video are great and a good start to work towards financial freedom.
That said, perhaps I missed the part where you can go from $0 nest egg to retirement in 7 years. If you invest at a 8% return for 7 years. You would need to invest approximately $9300/month. Or just $111k/ per year. That seems very unlikely for the vast majority of people (to invest/save $111k per year). It is briefly touched on at the end. But I feel like the title is for views/clickbait.

[barttfisher]

I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.

[stevencassani]

Great video! The editing and content are well done! I knew nothing about investing or how to build wealth until just last year. I wish my parents had taught me about this stuff when I was a teenager.

[larryssuperhomearcades]

Great video! It took me hours of reading about FIRE saving to learn this stuff so I wish I had seen this video first. I also learned a few new things! Thanks!!