How You Can Retire In 10 Years (Starting with $0 Dollars!)

Discussing the step by step method on how to retire early! We talk about safe withdrawal rates, your magic number, and capital gains over passive income.

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Timestamps:
0:00 - Start Here
1:04 - Figure Out How Much You Need
3:27 - How Do We Make That Much?
4:22 - The Fastest Way to Retiring Early
7:12 - Investing Your Money
9:33 - Two Real World Examples

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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for.

[humphrey]

Hey all! Thanks for all the love on these videos. I’ll be taking a short break next week to re-assess where we’re at with the channel and come back with some 🔥 content hopefully mid-end of March. Just wanted to give you a heads up! 🙏

[SmugRabbit]

Another way, not for everyone, was to join the military. Up until 2018 if you served for 20 years you could retire with 50% of your base pay for the remainder of your life with medical and dental. So for the college grad retiring at 41 with an annual retirement income of about 40K in todays dollars is a possibility. When I'm 48, I'll retire with an annual pension of about 50K without ever contributing a dime to it. Any savings just enhances my retirement. That retirement continues as long as I am breathing.

[youtubewatcher]

Another great video with good, non-intrusive information. What's even better is that you never display arrogance or condescension in your delivery. One of the best on YouTube!

[lakshmisp]

Thank you for this. Unplug and enjoy your much deserved break. We will look forward to your new videos.

[IndexInvestingWithCole]

There was a 0% chance that I expected ERN to be referenced on this video. By far the best website ever written for financial independence, nothing even comes close. Though it can be very dense in numbers sometimes.

[rineilperez]

I think the more deeper we get towards achieving FI, the more we realized we just want the option to retire but deep down, I think we all want to be productive and contribute to others…. At least my perspective as I’m set to hit FI in a couple years.

[francisxavier]

Love your videos Humphrey! Thank you for making such high quality content. 👍

[bitefinance-investingsimpl]

Saving a few bucks here and there won't help you retire early but if you spend $5 for a cup of coffee every day, then that adds up.

[josephiroth]

6:05 Contrary to the words of the SNHU commercial, the world does not, in fact, distribute talent equally.

[hazemmekawy]

Hi Humphery, thank you so much for your awesome videos <3. Would you please make a detailed video talking about how to do fundamental analysis for stocks (with examples) ?

[FeralFeminine]

Thank you for making this video! I’d made all of my calculations busing the 4% rule and it hasn’t crossed my mind that that wouldn’t quite work for me/my goals. Cheers!

[spieldose]

Your videos are so helpful to the life I want to achieve. Thanks for existing.

[MertDincMDMD]

the concept of retirement is not doing some job that you hate doing. For someone who loves working physically or mentally, there is no concept of retirement as long as their work is productive and stimulating. This brings the idea of money, which is a byproduct of success and a byproduct of doing what you like doing.. you are welcome

[paradoxical]

When I'm attempting to calculate how much I need in retirement should i assume 3% inflation?

[kylermak]

THANKS HUMPHREYY HOPE YOU ENJOY YOUR WELL DESERVED BREAK

[scuba_steve]

You’re videos help me out so much thank you for everything!!

[rosettejones]

Calling maximizing income as the best way is discouraging when you are on government mandated income limits. So its cutting expenses and savings rate per investing

[boomn]

I actually like the ETF investing. Just need one or two ETFs and your good to go. I also have one bond ETF too.

[raphaelb]

The problem with your framework is that when you plan your cost of living ~20 years in the future, you have got to account for inflation. That 60k target salary won`t get you nearly as far when you are about to retire as it does today. So you really have to aim quite a bit higher.

[mikeclay]

Great informative video as always! I am 24 just started full time work (just graduated college) and I am contributing a solid amount to my retirement accounts and have predicted my account values over time. I am concerned about inflation down the road ($1, 500, 000 today will be worth significantly less in 20-30 years). How much do you think this will affect our desired target retirement savings amount? I’m worried that I will have to save significantly more (close to double what was discussed in this video) to comfortably retire as inflation will take over… what are your thoughts on this? Would you consider making a video on inflation and how it will affect our retirement savings? I think that would be really interesting