How I Will Retire by 35

I will be sharing how I plan to retire by 35. This is based on my own research over the years, reading books on self-development and wealth creation, talking to entrepreneurs who make multiple 6, 7, and 8 figures, as well as some of the things I learned while starting my own businesses this year.
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📸 Instagram: @GabrielleTalksMoney
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WHO AM I:
Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, working with Global 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for specific advice related to your business situation and needs.

[GabrielleTalksMoney]

Do you agree or disagree to what I've talked about today? Comment below and share your plans to retire 🙃

[Wds__]

Retired in mid 40’s. All through conservative stock market investing. I would have retired sooner of if I didn’t buy real estate. That money would have done better in the markets. I had mostly bad luck for the first 10 years of investing. But I stuck with it and eventually the markets took off and my wealth grew to enough for a retirement.

[Supermateo]

First off love your vids Gabb, as an aspiring CPA, I find them very helpful!
Second, as someone who researches a lot about investing, I will say investing "regularly" is pretty slow- but there are people that find ways (especially with certain stocks and dividend yields, etc) to gain more out of the market a little faster. Or at least that's what I hope to get into.

[vccheung]

I also just started working in public practice for about a year now. As the whole idea with inflation circles my head, I also find that I'm worried about retiring, which looks to be very far for me as I just started my career. I think it definitely takes a lot of time to figure out how to secure an income stream for your future. Thank you for your insights on the possible income streams to look into!

[shirleyzeng]

All of this sound good on paper, but you did not talk about your own journey or your time horizon and details around that, that would be interesting

[MJ-cgvp]

I tend to disagree with you here Gabby. The ultimate freedom is time freedom, not financial freedom.

I started investing in stocks exactly ten years ago when I was 24 yo. As of today, my net worth is about CAD $2.4~2.6M, with $1.8M in stock and $800k in RE. Along the journey, I met my beautiful wife, started our family, had two beautiful kids, got my CPA, and am working on my CFA right now. Even at a $6% annual return, we can probably live on our capital for the rest of our lives.

The ultimate freedom is to be able to spend time with your family, nothing else!! At our stage, I cannot say we can buy everything we want, but I can confidently say I don't have to suffer for things I don't like. I can walk off my job at any second if I dont think it's worth my time anymore. That is also a freedom.

[yoohocho]

I would always be cautious about financial advice literature which is a bit old. The book mentioned in the video is a 2011 print.

[kyuchangjo]

I really like your "Fast Wealth" curve. Thanks 😊

[sauravlahiry]

hi sis, u are my own Warren Buffet. i am spellbound by your IQ. Korean and Indian parents are essentially the same. Both prefer stable govt jobs.

[rasicule]

Great video!

I do want to disagree on one thing. 20% of a $100k salary is not $20k. The $100k gets taxed at around 20%. Your take home is then about $80k. So you'd end up saving about $16k/yr.

[xiaomingchen]

I have learned a lot from your videos …l like the calculation part

[michaelclennan]

Yes, it is about freedom to earn money as you enjoy. Living in or retirement in a small town is cheap. Most people waste a lot of money.

[jasonl.]

why not live off the capital itself (not the passive income), it’s not like we can carry that capital to the next life.

[oldtechie]

By the time you diligently saved up $1M, you will need $3M just to retire.

[EricSetoInvesting]

Go Gabby! :) Good luck on your business venture.

[jeremytheoneofdestiny]

So the only way to get ahead and not work your entire life is to take advantage of others and make them work for you for their entire life. Or pay you rent. That’s just depressing.

[bounceofffast]

I am wondering what businesses I can do ...

[TheGamers-rwtb]

Thanks, what is your business that you talk about?

[huma]

Thank you very much for a very nice video.

[jokerjoker]

Hi! I agree. I’m trying stocks and forex……..