How Do I Start Saving For An Early Retirement?

How Do I Start Saving For An Early Retirement?

Listen to how ordinary people built extraordinary wealth—and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, George Kamel, Rachel Cruze, and John Delony.

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[AddilynTuffin]

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

[Debbie.Burton]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[GideonMitchell]

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.

[HodgeChris]

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.

[DennisJack-kmho]

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?

[PamelaHiggins-dilq]

Well, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.

[iAmElectroPopTart]

I think most ppl want to “retire early” meaning they want to financially free and work for fun

[evelync]

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

[olegsacha]

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.

[greekbarrios]

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?

[diane.moore-]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[dtom]

We planned for early retirement by living within our means during our earning years. We retired at age 57 and 58 with several million in assets for retirement. Takes discipline but can be done!

[davemallinson]

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.

[tylerforeman]

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!!

[jamericanblend]

I think John missed the mark on this guy's question. What's wrong with wanting financial freedom to the point if you want to retire early and do whatever you want to do? That's my take on it. I don't think people want to retire early per se, I think they want the freedom to do whatever they want to do. Most people continue to work after financial freedom to offset boredom and keep the social aspect, with the option of working because they want to not because they have to.

[Madlyn]

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??>>>>

[wendyo]

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.

[AudraZapoticky]

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

[dpbass]

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.

[rchi]

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