My Plan To Retire At 24
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- Опубліковано 8 вер 2024
- In this video, I will share my strategy for retiring in my twenties.
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Quick note: There are quite a few people impersonating me on the internet in an attempt to defraud my viewers. It’s a shame this is happening. Please remember that I NEVER sell anything, I don’t have special memberships or courses and I will NEVER ask you for money. Stay safe everyone!
pin this so everyone sees it!
Don’t worry Nate. We know the true Nate ❤️🙌🏼👌🌹👏🇺🇸🙏🏽
How old are you please?
I’m 45......
noted but i definitely appreciate this video! i feel like i’ve been having the same thought process as you without the specific numbers yet for my current circumstance only but i figured seeing/showing examples of it would help out a lot to understand more. i appreciate you doing so a bit in this video as well and please include more so we can follow along!! :))
Me: Watching all the ads so Nate can retire at 24
Im dead 😂😂
*Frantically refreshing*
hahaha
Epic 😂
Me: getting UA-cam premium so I don't have to watch ads and still help my man eat
Being able to work because you WANT to, and not because you HAVE makes all the difference!
This is key! I'd love being able to retire at a young age and doing something fun/easy for the rest of my life that basically just contributes to the bills
Facts. If I like a job I’m gonna work.
Dont get married and have kids, get into debt or get locked up and u are rich as long as u can afford ur lifestyle. U dont need to be a millionaire to be rich.
Yes and a huuge paradigm shift for most of society! 💥🧠
@@thePlum yessir!
HOW to retire by 24:
1. Start working at 13
2. Save all your money for 11 years
3. Live in a van, down by the river.
Retiring at 24 is "a bit" of a stretch. One would need at least $1M by 24. To get to $1M by 24, one would have to invest at least $1k per week during 8 years of very great investments. Taxes taken into account. That's just an approximation. That means being able to generate an EXTRA $50k per year at 16 only, after essential needs are paid. Retiring that early is not about saving a lot of money, it's about making a lot of money, which is obvious. It's not impossible, but 99.999% of the teens won't achieve this. We are 280 000 viewers of that video, he is the 1 creator of that content that brings him an income. We are currently the 99.999%, he is currently the 0.001%.
There are people who hate their jobs but they do it for the money and hope to retire maybe 10 years early, so they will continue working unhappy during 30 years. And there are people who maybe doesn't make the same amount of money but they love their job and they don't even think about retirement.
Instead of trying to escape the work-life by wanting to make more money to retire early, it would be wiser to simply learn to enjoy every single day, including workdays. We all have to work in order for the society to run smoothly.
Chris Farley, nice
Live with your parents until you’re 24 start working at 18 save all your money invest in real state start flipping/ renting
Truth
Éric C. Or create passive income, people don’t HAVE TO rely on savings to retire early
The reality is, most people won't even entertain the idea of early retirement because it just seems impossible. If you spend little and work hard early, it's more likely than one would think.
Well, I personally think life loses all meaning if you don't work. Look at someone like Elon Musk - obviously it's not like he *has* to work for financial reasons, he already has all the money in the world. But to do something meaningful - THAT'S what gives you purpose.
@@Deci_Bella I actually agree with you. But I think it's about feeling you HAVE to work versus wanting to. And plenty still work while being retired but do it as ''bonus' retirement money. Like they work part time on weekends at a coffee shop but don't need to.
@@financiallift6185 Well, the more successful you are, the more opportunities you can create for yourself. Naturally, 99.9% of all people won't be able to contribute on such a grand scale as someone like Musk, but still, you can have many choices. It's the attitude that you'd rather do nothing that I have a problem with - there is nothing but degradation on that path.
That’s a great point. Most don’t believe it so most wont achieve it 👍
My country taxes so high that it could never be achieved. These videos are just painful to watch.
v*_I just turned 60, was planning to Retire Soon? BooM the Economy Crashes into Recession and High Inflation ! I guess I will keep working another yr or 2?...._*
Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!
FIRE
FIRE MOVEMENT BABY! I made a video on it last week, feel free check it out
Retirement gets pretty boring after a few months. Being able to work on your own terms feels better to me. I still want to make money, build things, grow, and learn. Sitting around collecting rent isn't that interesting.
lets get it!!
Opportunity is out there for all of us! 💎
True Abundance ⭐
Amen to that!!
The FIRE movement is alive and well! People don't necessarily want to stop working, but more so to have the CHOICE if they really wanted to.
Always negotiate from a position of strength.
Hi. What is the Fire movement?
@@amourtoujours779 Financially Independent Retire Early
@@amourtoujours779 Yep, just like ^ Jacky said, it's an acronym that stands for Financial Independence Retire Early! It's a movement that emphasizes living substantially below your means and investing a large chunk of all the money you make. By doing this, you will accumulate a large nest egg much quicker and will be able to retire earlier if you desire!
Someone commented on this recently. Live frugally to stop working to live frugally. Sounds like fun, not. Besides all, the people I hear about in the 'Fire movement don't retire fully in the traditional sene. A lot of them write a blog with adverts and affiliate marketing links. So still making money working just not a traditional. 9-5
One of the best pieces of advice i’ve ever heard from the FIRE community is “always think in terms of opportunities.” We make our own luck in life, so we have to be actively looking for opportunities that can improve both our finances and personal growth, and always act on them.
Absolutely.. there’s no such thing as luck but there is very much such thing as thinking smart and putting enough out there for things to bite and stick.. these fortunes that bite and stick from hard graft and thinking smart is what unsuccessful people call “luck”
@@MarzellCrypto working smarter not harder! also many people do not understand the importance of daily habits that compound, its not about doing the BIG things, but doing a lot of the little thing over time.
Excellent quote
I am 18 years old and kinda lost, but I’ve been binge-watching all your video for a few days. Thanks a lot for all the help and inspiration! ❤️
Whoever is reading this I pray you will be released from the shackles of procrastination and being unproductive, and you will find your happiness this year! 🙏🏾
Thank you for your kind words. I hope we all prosper and live out our dream careers.
Thanks Bro!
Procrastination is a very real thing that only exists inside our minds .. it’s up to the beholder to eradicate it
@@AlvyMacias I hope so too man, all the best! You got this 😁
The Money Management thank you and same to you ☺️
0:31 he walks like a twilight vampire
😂😂
😂
Hahaha vampire!
Dang, you have a solid headstart. I'm 24 and nowhere near retiring 😮
Didn’t you just quit your engineer in job last year? You are basically retired
Wait a seccc....are u both siblings...haha
Amal Asri I wouldn’t have realized if you didn’t point that out lmao
This is great. I love how you both support each other!
Omggg this is so sick. The brothers
Man, I’m 24 and I can’t tell you enough how much I appreciate these videos and how much value your viewers get out of them. I won’t retire by 24 (obviously) but I do hope to apply some knowledge gained from your channel to FIRE and enjoy more life.
Great video mean I learned from him at 29 I watch his videos man. He change my life I learn to be simple as much as I can he a good UA-camr
Nobody:
Nate: How to retire before your parents are born?
Next video: how to retire in the womb
@@NateOBrien 😂😂😂
@@NateOBrien lmfaoooooo
Nate O'Brien Savage
its called parents should wait until they're rich before having kids. Not rocket science
You are so financially literate for one so young. I am 34 and just starting to have awareness about finances. I am not old by any stretch but I do wish that I developed financial literacy in my early 20's if not in my teens. Anyways, thank you for making your videos. Just subscribed and hit the bell button.
I'm pushing to retire at 50. I paid off my student loans and my car will be paid off next year (2 years early). I'm 26 so I say it looks possible!
You got it
Well I just turned 26 too. Let's go for 30 years old, lol
Watching this again a year later and it's just as good as the first time I watched it. Hope the truck has been awesome!
"Retirement is when you stop living at work and start working at living" -Unknown
Thats wise
I wrote that
I wrote that
Not really. Many people are really passionate about their jobs so yeah good for them but if you dont then this quote applies.
Well put!! It’s the time when we show up because we want to, not because we have to! A lot more fun✨
I'm 24 and hadn't even started yet my life ,,, dude you opened my life
I am 20 years old and I want to retire by 30 years of age, you’re an inspiration Nate for me setting up my channel to show my progress and tips, really inspiring video, thank you @Nate O’Brien😊
Jake Hooley I’m 19 man. I also plan on achieving Financial independence by 30 and maybe start working from home running my business by 22
It’s possible! As long as you’re committed you can do it mate ✅
Nice one @Josh V, good luck man💪
Thanks Marzell Money!👌
Lol you’re diluting the industry for him. Making it harder for youtubers to make money when there are so many of them now
Freedom Mode: ACTIVATED. My life has changed in a matter in months, as you have helped me see a way monetize my creative energy, and my simple being. I have much of the little things to do but I feel I have more control than ever. Thank you so much! I am 24. You inspire me.
I'd love it if you made a timeline of your life up until now that shows how much money you had at each age
Seconded
up
yess
that'd be an awesome content!
Please
In a nutshell: Don't buy stuff you don't need. Be one of the 1% of people who are good at investing.
Hi Everyone. I'm back! Comment a video that you would like to see me make next! The one with the most upvotes will be created soon! And of course, don't forget to drop a like & subscribe. Thanks!!
-Nate
Good luck
That would make you the youngest person in the world retiring.
Hey Nate dude I would love a video about how we pay for your retirement.
Dang how old are you and what's your current net worth?
Teen advice on how to increase financial iq, and get a knowledge similar to yours in order to even have the option to retire at 24
my piece to beginners out there and the obsessed, watch out for promoters in the comments while learning more on how to invest. do your due diligence and research. In my opinion do not go out there without proper guidance, but be careful.
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Great video. Even if you choose not to retire early. Just having the money and knowing that you can retire whenever you want will create a lot of freedom for you.
When I found out I wasn't eligible for the stimulus check because I was a college student, I quit my job and signed up for unemployment to make 2x more than my job paid. With the unemployment, I've got out of CC debt and am starting a business on amazon.
You're basically talking about FIRE (Financial Independence Early Retirement) which I started doing myself recently and had a great progress
1- Cut your spending
2- Maximize your savings
3- Utilize the savings in creating passive income
I'm quite sure hes aware of the FIRE movement
I plan to retire at 50 or earlier. Currently have 2 rentals, stocks, my own property management business, and a full time job ( 4x10s). I have Friday,sat, and sun off which leaves me time to pursue my freedom.
With that amount of assets, I'd be set for 400 years with my current lifestyle.
That's so on point!💛Fun and money both on alignment ..
You know it’s a good day when Nate uploads. Retiring at 24, nailing it 💪🏼
Especially with his quality videos! 😉 haha
Yeah 24 is insane, I’ve got 5 years to match him 😅 Nice channel man btw :)
Wazoa Haha that’s 60 months, loads of time! And glad you like it man :)
I hadn't started working by the time I was 24. Spent 5 1/2 years studying engineering.
Right!
So did I, now looking to achieve FIRE in next 3 years
True for most of us, but that’s alright... we can start from where we are✨
I, too, have a plan. It is to retire at 12.
same @ 9
Question is, the idea that comes with it?
You must be from Dubai and your daddy sponsor Instathots to fly out for the weekend to shit on their chests
@@killerontheroad280 how did you know?
Kill parents. Collect insurance money. End up in an orphanage. Profit?
Him: I’m going to retire by 24.
Me: I’m going to have just graduated undergrad at 24 🙃
me start phd at 24
Don't even have my undergrad at 28.
Me started working at the age of 27.
Become an investor like me and I can retire. I’m in my 20’s too
Michael Post ugh show me your ways...I was really starting to invest right before the pandemic and then suddenly lost 2,000 in a day. I’ve been scared to start again ever since lol.
"If you don't find a way to make money while you sleep, you will work until you die" -Warren Buffett. Like your strategy nate - keep on minimizing expenses and amassing assets.
👏🏻👏🏻🤗
Find a job you love and the whole retirement discussion is moot.
0:32
Me on my way to tell my finance teacher my favorite UA-camr is going to retire by 24
“How I plan to retire”
*runs 100 ads during the video to speed up the process*
Lol just being funny! Good stuff as always!
I mute the ads and do something else while they are on! I love giving these creators that bread.
I’m on that UA-cam premium trial how many ads he got going on here😅
Jlroza28 whhhaaaaaaa OMG sick
For a couple of days I am really getting into the idea of early retirement. Your video is absolutely on time😉
Such a great goal to work towards. Working a job our whole lives isn’t feeling right 🤔
Stick with it, the key is to find something to constantly remind you of the goal of early retirement. Best of luck to you
Video ideas: a life story, your struggles, your goals/achievements, how you started your journey towards retirement. Thank you for the amazing video Nate!
Financial knowledge is important for financial freedom. Always remember that.
The FIRE movement is definitely gaining traction little by little
I'm 17 and for sure, I want to have passive income, I started investing etc. But I don't think that I will want to retire that fast. I'm interested in programming, graphic design and filmmaking and I love it. Live without doing these things probably would be boring
I totally get you, I'm 19, also investing money that I'm earning through my creative assets (my music). I also study computer science (but I don't plan on working in a company). I would like to retire early, about 30 is my goal. But retirement doesn't mean that you should do nothing. On the contrary, I will still create my art, develop games etc. because it fulfills me. Retirement for me only means that you are free to do what you want! You wanna work? do it. You wanna chill and do nothing? do it. You wanna create something? do it. You wanna look for a relationship? do it, the list goes on and on. I think that's what a lotta people are missing here tbh It's about the freedom.
You can retire and still work. Many people do. But they do it because they want to, not because they need it to survive.
This is exactly me, I turn 17 tomorrow, and I would want to have a life coding, designing and filmmaking. :3
Imagine a life where you could create the things you want to create, not because you need it to be successful so you can buy food, but because you want to create those things... that's what the early retirement idea is all about.
@@TheKillahKyla exactly, to move from the mere obligation of living to actually living
I just quit my job 3 months ago and now doing a hybrid retirement =)
I really hope you achieve that goal, good luck bro!
Hey Nate. Really like the concept of this video. My goal is to retire when i'm in my early 30's (26 right now). So right there with you on your mindset. But I would appreciate it if you made a sequel to this video explaining HOW you are going about it right now. Most of the video was conceptual which was fine. But I think an in-depth version on your actual "plan" would be informative and relatable to all people who are trying to retire early. Thanks!
I am 44 and was told all my life to get a job, put your time in, then enjoy life later. Not a good strategy. Trying to change my paradigm now but not easy.
We’ve been taught so many wrong things in our life, it’s a challenge to change, but our lives can benefit at any stage 😁👍
@@RealLifeMoney I appreciate hearing that. I have found that my efforts to make changes at this point in my life are not only complicated by my situation, i.e. children, house, etc., but also by the way that I view myself and change. I have continued to chase education and am pursuing a Ph.D. currently, but I often wonder if my decision to do this was more of the same or something new. Still working on making a different reality everyday.
Nothing with it is easy
The most that we can do is take a step forward and improve everyday. We may even move backwards but at least we’re moving. Keep going my friend 🙌
What happens when you find a Girlfriend/Boyfriend? Life partner. Seems like a hatchet would get thrown into your plan.
Oh yes it will lol we never see that shit coming
You cannot retire in your 20s if you plan to have a family, unless you're a trust fund baby.
Investing in yourself and creating multiple streams of passive income along with saving money by going to community college would definitively allow you to retire by 24!
I’m still looking around for those sources of income. Financial aid is a count I guess, but it’s only for each semester
9:35 Decrease expenses, increase income, then use the 4% rule. That's his plan.
Ya. I think he read a yahoo news article and thinks he’s a genius.
His plan has been to make money with UA-cam. That's his primary source of income I'm quite sure.
VictorARTS it sure is. Go the modern era!
@@bxsed His primary source of income is his way of thinking.
You forgot invest.
I’ve been talking with my dad a lot lately about wanting to be able to retire no later than 30.
He’s worked his way up at the same company for 30 years & has another 10 years until retirement. He works from home now and travels a lot, but only after 30 years into his position does he have the flexibility for it.
I told him I can’t see myself being stuck at the same place for that long waiting for life to start at 60, but he’s stuck under the impression that there’s no way around it. 🙃
I’m afraid of not being there for my kids all due to my job!
Retirement isn't just "Material things" or having "Assets" retiring is having the satisfaction in life. Retiring is having the feeling of you've accomplished everything you want. Retiring is having settled in life and living a simple and meaningful life.
I wanted to retire at 30. Now I'm mid 30s I've realized I only need to work and hustle half a year and have fun the other half. Best of both worlds. You never get bored. You actually start looking forward to work again. And when you're close to your goal you're looking forward to having all that time off again.
Sometimes society makes it seem like retirement is only for older people, we’re taught to get a job work for like 40 years then retire, when actually there are other options, this was refreshing, love it
I love this video and I love the way you're challenging the status quo of society and carving a path for yourself. I wish I had this foresight at your age (currently 24 now) and I look forward to seeing how you choose to enjoy your life once you are no longer tied down by the need to make money. As someone who has spent the last 6+ months taking time off from work to re-evaluate what's important to me in life and questioning how I might be able to re-imagine the world in which I live, I have found it incredibly healing and incredible to see beyond my own narrow perspective and gain more insight into what it truly means to be human. I realize that we are encouraged to spend our whole life working so that we are unaware or unable to engage in conversations of social inequality and social justice and taking this time to myself has really allowed me to educate myself and be more involved in these conversations. I used to think that life was just about achieving prestige and making money and living comfortably but now I realize that, at least to me, it's about leaving a meaningful impact on the world and moving our society forward in a way that creates more opportunity and freedom for everyone.
I would be very interested to see, Nate, what advantages you've had in life that have led you to this point. It is not just about "buying things you don't need" "cutting costs" etc...Many people have families, student loans, car costs. I'm sorry, but I'm not buying into what someone who is 24 is saying about retirement, who honestly is really not saying anything.
You're wrong lol. There's plenty of ppl who've "made it", incl Graham Stephan
He starts the actual advice at 9:30. You're welcome.
Thanks Josh...He sure talks a lot about nothing. All fluff, no substance. This is a total clickbait video.
I KNOW I cant be the only one who saw the dude almost fall off his bike behind Nate at 8:50 🤣
🤣🤣🤣🤣🤣
😂😂
ME TOO
Right... No1 is talking about it
The funniest part is that the bicyclist saw the camera and realized that his awkward falling was filmed 😄
If you find a job you love, you'll never work a day in your life.
Very true
Facts
This will save my life. Because I cannot afford to retire.
In my opinion this is very rare and never the case
This quote can be quite misleading. No matter how much you love something, if you work 40hrs every week on it there will be something you won’t enjoy
I retired at 24 - it’s do-able and fantastic! Took me 8 years (17-24). I’ve documented since I retired at 24 in 2017. Cheers
I'm 27 and I'm only now making steps to retire. Thanks for the inspiration, I appreciate it
I’m 24 now, I’ve been planning to retire at 25 since I was 18. Very similar mentality and plan as you describe here. Coronavirus has set me back a year so now I’m looking at retiring at 26. Very interested to see how things go for us. Glad to know I’m not the only crazy person out there 😅
Me seeing the title: 🤯
Me realising I’m about to launch my online business in the coming weeks at 15 years old: 😁
Good luck!
Good for you!
Wohoo, good luck!!
chezzi 1 I have done reselling for 2 months on eBay and made about 1.5 thousand, and now I’m setting up a dropshipping website on Shopify that is nearly ready 👍🏻
Thanks everyone!
I hit the age of 30...and realized that everything wasn't what I wanted it to be. It was an awakening. I've since tried to boost my income and will be starting to save aggressively, starting this month, to add to my 33k I already have. It's going to take me to the age of 45 before I hit 1 million in my portfolio, based on my calcs and projections...so it's going to take a while. I could maybe do it earlier, but it depends on how some things play out. I'm looking forward to FI, because I'm deeply unhappy at my job, but it's stable income and I'm good at it. I just want to be able to have the CHOICE to do what I want...which is what money provides you.
I'm 24 now, and started focusing on financial freedom just about a month ago, i wish I started many years ago but at least I haven't discovered this at 60, it's a very tough journey, and the amount of information that internet throws at you is overwhelming sometimes, but my goal now is to be free at 30, I wish success to anyone reading. Embrace your dreams.
I would hate to retire at 24. I love my work and would actually be unhappy if I was to retire early. I will be building my wealth until my last day on this planet!
True, the idea is to be at a point you work because you want to, not because you have to
The goal is having a job that you don’t want to retire from
My mindset exactly!
That's what capitalism taught you - BRAVO
Not many people are lucky enough to find a job that they love that much. For most of us, even if your job is fine, it's still a job, and there are still days when you wish you didn't have to show up. And honestly, I don't think there's anything wrong with that. There's more to life than jobs. To me, the goal is to find a job you generally don't mind doing and that pays you adequately and then build up your life outside of work (for instance, maybe by exploring early retirement).
Aaaah young idealism. Gotta love it!
"Fun" jobs dont typically pay much though
In college economics classes they teach the labour-leisure model to show the relationship between real wage and hours of leisure. Inherent in the model is that labour and “leisure” are mutually exclusive: if you actually enjoy your labour the model doesn’t apply. Says a lot about how our society defines work as something you don’t want to do
too drunk to understand this right now, be back later
For some reason I am big advocate of financial freedom and doesn't really understand/agree with retiring early. I get you need not to rely on one source of income, but maybe the definition of retirement is different for most people and I don't agree with how most people define retirement. That said, Nate your content is amazing and I wish you more growth and success for doing what you love!
It's important to live your life irrespective of social expectations! great video!
Hey Nate. Im 36. Going to be 37 next month. I was raised to believe that my family was poor. That we could never get ahead because we are just poor and thats the way it is.
Ive been working at an insurance company for 10 years.. in january i realized.. i have worked for this company 10 years and have no money saved. I had enough of being broke and being from a "poor family". I got rid of my debt and now have money in the bank. I would like to pay my house off early and not have to work at this company the rest of my life like everyone does. 😊😊😊
Wish you all the luck😁
Now THATS a goal to have. Love the quality Nate has taken on. Retire debt free!!! 😄
Debt free is always the move
For everyone ouy there, keep following your dreams, stay positive, be consistent, may you all be succedful!
Thank you 🙏🏻 you too 🤗
So happy you're uploading again! Your videos are truly inspiring. Keep it up Nate!!
Work is more than survival. It’s about ethic, meaning, contribution, fun, money, stimulation etc. Beware of eternal pleasure seeking, pain avoidance, and attributing work to wasting life. This is a very 2020 notion.
You explained the matter perfectly.
when you retire early, you also need more money for retirement because you will be alive longer. So even if you make those "4000 units" in 10 years, it won't be enough, because that was what you needed if you would've retired with only 20 years left to live. good vid tho
Once at a certain threshold this is not true. say you need 30k anualy to live off, and that the average return on the snp 500 is 4% anualy. You would need around 800k invested in the stock for your 4% growth to be in excess of 30k then you take out the 30k to live off and leave the now more than 800k to make more money next year.
One of my best friends here and I discovered we're both quite Mustachian and we're both engineers. He got laid off though at the beginning of the pandemic and was out of work for a few months. As gungho as he was about FIRE before that, he quickly became 'bored af' and eager to work full time again, even though he did woodwork, scuba diving, camping, you name it, and is satisfied in his love life. He found a new job though and seems to think developing the frontend is quite simple and leaves something to be desired.
The point overall in the case of my friend, he seems to have learned that what he previously thought he wanted is not what he actually wants now, but would be a path to boredom. So finding something to do you like is important, that might only come from experience and not research. And that's controversial, I think Call Newport among others says passion is overrated, and you like something by getting better at it. Maybe it's a personality difference, I don't think I get bored as easily.
Spilled thoughts but I'm still figuring it out. Retired at 24 and just watching TV all day would be lame AF but being say a contractor who helps 6 month out of the year could be a compromise, and that's not exactly being retired.
And while I'm at it, the best investment in my opinion is large tracts of land. Land is a buffer against worst-case scenarios where the stock market plummets 90% in a single day and your earnings STILL can't keep up with housing costs. Land has intrinsic value and can almost always be converted into arable and/or grazing land. Very VAST tracts of land can be continually subdivided into smaller plots, so your children and grandchildren can live independently. This actually attracts more wealth right off the bat because honestly the kids are more likely to entice a high-income spouse under those conditions. Most high earners live in cities but people naturally prefer a more bucolic lifestyle. If they get a dowry of a few free acres that offsets their commuting costs.
I retire every weekend, and a couple of times a year for a week or so. works pretty good.
I wish I had started thinking like Nate sooner but never too late! I'm 24 and I just brought a house for passive income purposes. My plan has been to grow my wealth by maintaining or decreasing my expenses as my income increases. I live in NYC but am really cautious about my spending and released a "how to save money" video a few weeks ago (inspired by Nate). Saving and investing are key! It's all about making the right moves in order to set yourself up for freedom and financial independence. I plan to retire by 30 :) And I'll have more time to spend on causes I care about instead of a job weighing me down.
A more realistic, and most likely fulfilling goal for someone your age is to find a career (not a job!) that you really enjoy. As they say, if you do, you'll never "work" another day in your life!
Hey Nate, retiring at 24 is a bold move. I wish you the best. I also want to reach the point where I can retiring early and enjoy life to the fullest.
I agree with the sentiments in this video Nate. For the past couple of years I had felt incredibly unmotivated towards what I was studying in university because I realized that it just didn’t interest me all while also hating the part time job I had to pay my way through it.
I’m glad that I decided to change course and although I don’t know exactly what I want in life just yet. One thing that I do know I want is financial stability. I don’t think I need to be “rich” in order to have this either. I hope you’re able to reach your financial goals and even if you don’t know what awaits you after you choose to retire. Having the freedom and financial safety net to choose what you want to do in life is something that I think everyone should strive for.
Getting groceries at 10am on a Tuesday. That's my go-to saying when I talk about featuring asap and being financially independent and have time freedom.
Amazing! You’ve done exceptionally well for being your age- hope it all works out! 👍🏻
having the ability to make your own schedule it's an amazing and very fulfilling sentiment. I guess the idea behind is to work when you feel like it not necessarly stop working all togheter. Most of us probably would want to volunteer to do something meaningful but feel kept inplace by a job that doesn't fulfill them just pays the bills.
For myself, eventho I have a job, i still schedule my day in a small notebook and it does bring me small bits of joy knowing that I've completed tasks that I set up, not someone at the office.
saving money isn't hard for me, its just making enough money to do that in the first place
I feel this.
That is awesome! You have half of the equation down! Be compassionate with yourself as you continue to learn on increasing the income! 🤗✨✨
It's not all about retiring early. It's about enjoying life. That is why you pick a career or profession that you enjoy.
I found your idea very fascinating, but also amusing. When you say defense, living on 3% rule for the rest of your life sounds impractical. If it is just only you, of course, you can make it. When you a partner and family to take care of, you cannot force them to live in a Minimalist Lifestyle. Overall you have given many inspiring insights though. Good Luck @24. :)
True
Yes you can..... Find a partner who has the same mindset. Not everyone wants kids. And for those that do, ppl can have financial freedom and still have kids
Choosing to not needing the newest of everything has nothing to do with a minimalist lifestyle
But also having a partner and/or children is a choice you make. If you don't like the idea of spending loads of your hard earned money on anyone else but yourself, no one is forcing you to :)
He sure will find a partner who share his values and ways of living.
I’m 23 and plannning to FIRE (Financial Independece Retire Early) by 35 then be a part-time IT Contractor. Before I do retire I want to get some rental property as a project and cadhflow source. Great to hear about your journey, good luck
🙏You're so inspirational! I suppose no matter how young a person is, they should always try to live their life to the fullest, or set themselves up to be able to do so as early as possible! This video really hits home with me; thanks!
Nice approach. I plan to retire at 40, currently I am 26. I plan to do so primarily by investing in real estates with positive cash flow and partially investing in dividend shares.
To be honest, this is very bold!! I say this with a smile on my face!!
I like the idea of a hybrid retirement that is not governed by money but by passion.
I LOVE that you made a video on early retirement, because usually it’s not something that younger people in their 20s and 30s really dwell on. The key to early retirement is financial stability and good planning. Good luck and I hope that this is something that everyone who reads this achieves ❤️❤️❤️👋🏻👍🏻
Ok, good concept, but what do you do about health insurance? Move to Canada/UK where there is socialized medicine. Working part-time and/or in any other profession than the one you had, is not retirement. You changed careers/jobs/work, you did not retire. Please do not confuse the two-they are not interchangeable.
Ms. L. Churchill
My goal is to retire early not just with dividend investing but other passive investments as well, I've come across people that make upto $30,000 passively on a monthly basis, and I'd really love tips and passive investment ideas to make me this much.
REITS
REITs are great.
passive income for retirement can be really helpful and profitable, when your money is put in the right places, been planning my retirement through the guidance of an adviser/broker and with her help, I generated a passive income of $180,000 from May till now, with no complex strategies, just basically following my broker's guidelines, so just get in touch with a professional for help.
@@sarahgouyen6687 Wow that's super impressive.
@@sarahgouyen6687 Please who help you with your investment, and how do i connect with her?
Amazing video! Im a 17-year old teen from Estonia and my passions are poetry and writing. But here in Estonia it is practically impossible to live of writing, if youre not one of the most famous authors. Thats why I work a lot now and invest almost all of my earnings. Im trying to grow myself a stable passive income so I still could write whatever I want and not worry about money.
Kinda 47 years old just retired here. Main Recipe: live in an apartment in the suburbs. No kids. Most of the people will maximize their mortgage to buy the best house at the best place. Then be miserable at work 8 hours a day for 20 years to pay it back.
Tip: Virtual reality for all your expansive hobbies. Now already good, in five years will be great, even to visit national parks, Nate ;-).
So your a man it’s everything and nothing
23. Got a credit card not too long ago, finally opened a Roth IRA, and now have 1k in Robinhood starting my dividend growth portfolio. Wish I started earlier but I think I’m omw