The 5 SECRET STEPS To Achieve Financial Independence & Retire Early (FIRE) in Australia 2024

In this video, I’m going to show you 5 simple steps to follow if you would like to achieve financial l independence and retire early in Australia.

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#financialindependence #retireearly #firemovement

⏰ TIMESTAMPS
0:00 - Intro
0:13 - What is FIRE?
0:49 - Step 1
2:38 - Step 2
6:19 - Step 3
8:27 - Step 4
15:02 - Step 5

[BryanInvest]

💰Use Moomoo App (chess sponsored) to invest & receive these free bonuses:
1. Get 10 FREE Stocks (worth up to $3, 626)
2. Earn 6.8% Interest (up to $3, 353) for up to 100K Uninvested Cash
3. $2, 000 Brokerage free cards (free brokerage fees for 30 days)

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[blakeroliver]

🥑 Awesome video! So good to get an Australian version of FIRE. Thanks

[ayron]

Turning 30 next month, should've made this video 10 years ago mate. Great video 🥑

[leannechin]

Advocado - this was amzing, just what I needed to hear, clear and concise. Thank you Bryan - if only I had seen this 40yr ago!!!!

[driftingintoretirement]

I retired and am now travelling around the Philippines and still investing in the stock market.

[harshwardhanbhartii]

Hey brother, like i am 18 and i am soon coming to Australia to study... I believe that this age is perfect for me to understand investing money.. So i would like to ask a question like if i have $400 a month, how should i start risk free? Kindly reply ❤

[chimichimit]

Avocado 🥑! Great video mate. I like the last bit where you talk about expectations which is what misses in this kind of videos. Cheers

[rachelrose]

Avocado! Great video, thankyou Bryan 😊

I've never had a well paying job or been in a position to ask for a raise - Casual work, apprenticeship, temp, and now a small business owner, so basically under, at or just above minimum wage for my whole working life (I'm mid 30s now). I just wanted to point out to everyone that it's totally still possible to invest and make passive income, even on a low salary.

I invested in shares and property and now half of my income is passive income. And I fully own one property with no mortgage.

Obviously if you can get a raise or higher paying job, go for it, but if you can't (like i couldn't) and/or you just really enjoy working in a low-paying industry (yep, that's me again), you can still invest on the side. We can all get to FIRE 👍

New sub from me Bryan, thanks again!

[gauravsobti]

You post such good quality, clear and ethical content. Keep it up mate. Thank you so much.

[tapunan]

Nice video - good explanation on debt recycling. Also good that you highlighted the fact that it's not a "sin" to go back to work (part-time/volunteer) coz of boredom. People usually use this as an excuse to stop their FIRE journey - saying "I will get bored anyway" or "You're not doing FIRE if you work again, why bother".

[Lilione]

Avocado. Thank you for making videos for Australians!! It’s frustrating when other videos keep talking about Roth 401 etc. Please keep going! You have a new sub.

[georgeearling]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[redridgegardening]

Avocado 🥑 Another top video, keep them coming mate. Thank you 😊

[sarahlynch]

Wonderful video, Bryan! I'm about to start my journey so perfect timing. Are there tax implications for living overseas as an Australian Citizen? (Avocado) 🥑

[hellsfro]

AVOCADO 🥑 Great content... I'd love to know more about the COAST FIRE strategy. It's great to have Aussie relevant information 😊

[Aegilops]

Great video as always Bryan. Any thoughts on what you should do if you're coasting so you don't have a huge amount of tax to reduce through "good" debt? I.e. at what point do you think your "good" debt has done enough so that any more income generating investments do make money, but obviously get taxed at your marginal rate (which admittedly might not be that much if you're just barista/coasting). Anyway, should help us all enjoy a bit of avocado toast as we enjoy our later years.

[siiciiya]

Avocado. Easily the best fire video I’ve come across so far. Thanks you putting this together

[HighfrequencywithPrachiMehra]

Loved the video, great info. You know this effortlessly as breathing hence you talk super fast, pro tip while educating perhaps you could talk slower for the learners, I had pause several times and go back but it was worth it.

Thank you!

[juliedwyer]

Avocado! Thank you for the simple yet clear education.

[anandit]

"Buying a second hand corolla" might not be the best way to save money. Coz it costs almost as much as a new car.😅