How I’d Retire in 5 Years Starting from ZERO

00:18:45
https://www.youtube.com/watch?v=ZtljL2kvh5I

摘要

TLDRFor å gå fra null til pensjon på fem år, anbefales det å følge fem trinn: 1) Redusere brennrate ved å kutte ned på utgifter. 2) Starte en sidejobb for å øke inntekten. 3) Spare aggressivt, med mål om å spare $5,000 og deretter $10,000. 4) Investere sparepengene for å vokse formuen. 5) Bygge en bedrift for å generere passiv inntekt. Pensjon handler ikke nødvendigvis om å slutte å jobbe, men om å ha friheten til å velge hva man vil gjøre.

心得

  • 💰 Reduser brennrate for å spare mer.
  • 🚀 Start en sidejobb for ekstra inntekt.
  • 📈 Spar aggressivt for å bygge formue.
  • 💼 Invester sparepengene for vekst.
  • 🏢 Bygg en bedrift for passiv inntekt.

时间轴

  • 00:00:00 - 00:05:00

    I dag vil jeg dele trinnene jeg ville ta for å gå av med pensjon på fem år, uansett hvor gammel jeg er. Pensjon betyr ikke nødvendigvis å slutte å jobbe, men å ha friheten til å velge hva man vil gjøre. Det første trinnet er å holde forbruket lavt, eller 'burn rate', som er kostnadene for å leve. For eksempel, hvis du bruker 5000 dollar i måneden, trenger du 1,5 millioner dollar for å pensjonere deg i dag, ifølge 4%-regelen. Å redusere forbruket kan gjøre pensjonering mer oppnåelig.

  • 00:05:00 - 00:10:00

    Det andre trinnet er å finne en sidejobb for å øke inntekten. Det er mange måter å tjene ekstra penger på, fra å kjøre for Uber til å selge varer på eBay. Jo mer du kan spare og investere, jo raskere kan du oppnå økonomisk uavhengighet. Det er viktig å begynne å spare tidlig, og en sidejobb kan gi deg den ekstra inntekten du trenger for å nå målene dine.

  • 00:10:00 - 00:18:45

    Det tredje trinnet er å spare aggressivt. Sett deg mål for hvor mye du vil spare, og invester deretter pengene. Investering er avgjørende for å vokse formuen din. Mens eiendom kan være en god investering, kan aksjemarkedet være mer tilgjengelig. Bygg en bedrift for å generere inntekter, og vær oppmerksom på hvordan du bruker gjeld. God gjeld kan hjelpe deg å bygge formue, men vær forsiktig med usikret gjeld som kredittkortgjeld.

思维导图

视频问答

  • Hva er de fem trinnene for å gå fra null til pensjon på fem år?

    1. Redusere brennrate. 2. Starte en sidejobb. 3. Spare aggressivt. 4. Investere. 5. Bygge en bedrift.

  • Hva betyr det å ha lav brennrate?

    Det betyr å redusere månedlige utgifter for å spare mer penger.

  • Hvordan kan jeg starte en sidejobb?

    Finn noe du er interessert i eller har kunnskap om, og se etter muligheter for å tjene ekstra penger.

  • Hvorfor er investering viktig?

    Investering lar deg vokse sparepengene dine over tid, noe som er avgjørende for å oppnå økonomisk uavhengighet.

  • Hva er forskjellen mellom god og dårlig gjeld?

    God gjeld er investeringer som kan øke nettoformuen, mens dårlig gjeld, som kredittkortgjeld, kan være skadelig.

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    these are the steps that I would take to
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    retire in 5 years if I were starting
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    over at zero today now I'm 38 years old
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    which means my new retirement date is 43
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    but it doesn't matter if I was 20 and
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    wanted to retire at 25 or if I was 60
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    and wanted to retire at 65 because these
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    are the same steps I would take to
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    retire in 5 years and you know what
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    they're a lot simpler than you might
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    expect and it actually blows my mind
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    that more people don't know about this
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    when I think about people who say they
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    retired at 26 or 27 or 30 years old I
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    often think to myself well what are you
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    going to do the rest of your life and
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    the answer is they do whatever they want
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    being retired doesn't mean you don't
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    earn money it doesn't necessarily mean
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    you don't continue to work what it
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    really means is that you no longer have
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    the obligation to do anything you don't
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    want to do and that's really important
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    this changes the relationship that you
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    have with the things that you do you do
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    things now because you choose to because
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    you genuinely want to and if you're
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    doing things that you love and they earn
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    you some money then what could be a
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    better retirement than that so to fast
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    forward retirement 5 years from today
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    these are the steps that I would follow
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    starting with number one keeping my burn
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    rate as low as possible and let me give
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    you an example of what I mean by burn
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    rate we're going to jump onto the
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    Whiteboard here and let's assume for
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    just a moment that you're spending
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    $5,000 a month that's your monthly burn
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    rate it's your cost of living so what I
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    want to do is I want to help you figure
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    out if you're spending
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    $5,000 a month how much money would you
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    need in the bank in a traditional sense
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    in order to retire today the way we
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    figure this out is by using a formula
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    it's called the rule of 4% and we find
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    this number by multiplying your monthly
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    burn rate by 300 so 3 * 5 is 15 so we've
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    got
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    1.5
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    million all right so you could retire
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    today with $1.5 million so how would I
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    go from zero to $1.5 million of net
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    worth in five years well I would
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    probably need to make close to $3
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    million because of income taxes which
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    means i' would be needing to make you
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    know hundreds of thousands of dollars a
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    year for the next 5 years well that
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    seems like that's going to be pretty
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    difficult is there another way I can do
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    this now let's look at this number again
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    the way this works here with 1.5 million
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    is the rule of 4% which means you can
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    draw 4% of this indefinitely as long as
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    it's invested in stocks and bonds which
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    would give you $60,000 per year or
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    $5,000 per month one of the ways that I
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    approached finan Financial Independence
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    was by recognizing that and I think this
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    is something that a lot of us
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    experienced during the pandemic the
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    realization that I'm actually not only
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    okay with earning less I would love to
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    earn less if it meant that I could live
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    life on my own terms so think about how
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    many people were on unemployment during
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    the pandemic and said you know what I'd
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    actually rather continue collecting
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    unemployment and yeah I might not be
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    making as much as I was when I was at
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    work but you know what I this is
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    actually a lot better well I sort of had
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    that same experience in my own journey
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    to financial Independence where I
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    realized you know I could live with less
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    and I would be happier I found that the
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    high monthly burn rate created this
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    burden that really was enslaving me to
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    that 9 to-5 grind and if I could tell
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    myself listen I don't need to drive a
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    brand new car I don't need to have as
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    many fancy things as the next person
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    that that reduced my burn rate
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    substantially so some of the things that
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    I did in my early years to reduce my
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    burn rate just a few examples of things
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    that I did these may or may not work for
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    you but uh for instance uh instead of
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    spending $300 a month $3,600 a year on
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    home heating oil I chopped my own
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    firewood and had a wood stove in the
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    kitchen now I was living in Vermont and
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    that worked for me yes is it easier just
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    to set the thermostat absolutely but
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    spending a couple hours a day chopping
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    firewood was saving me $300 a month that
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    was reducing my burn rate similarly I
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    realized that my homeowners insurance
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    was quite high and I thought well if I
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    increase my deductible I might be able
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    to decrease my premium and I was so
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    these are little steps I took I
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    decreased some of the subscriptions that
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    I had you know Netflix even in those
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    days I was getting DVDs and I said well
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    I'm going to reduce that to just
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    streaming and these were all things that
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    I did that helped me reduce the amount
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    of money I was spending because now if
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    we go back to the Whiteboard and you
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    Chang this number and you said well
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    actually I only really need 2500 per
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    month right 2500 per month well then you
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    can cut this in half you need 750,000
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    instead of 1.5 million this starts to
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    change numbers and maybe getting to
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    750,000 is more obtainable but maybe
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    there's another way we could do this
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    maybe there's a different way to
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    approach this yes you have to reduce
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    your burn rate you have to reduce how
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    much you're spending if you want to
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    retire early but there's something else
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    you can do step number two pick up a
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    side hustle I could do a whole episode
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    just on side hustles and all the
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    different things that I did or that I've
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    heard of other people doing to make just
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    a little extra money because this is
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    another part of that equation
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    you've got reducing how much you're
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    spending and then you've got increasing
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    how much you're bringing in maybe you
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    have your 9 to5 job can you carve out a
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    little bit of time where you can do a
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    side hustle a lot of side hustles really
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    are exchanging time for money if you're
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    driving Uber you're exchanging your time
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    for money that you make or Uber GrubHub
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    you know these types of things it's just
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    a trade for time and money but there are
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    things that you can easily add if you're
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    willing to sacrifice that time now one
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    of the things that's really important
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    early on in your goal to retire is the
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    sooner you are able to start saving and
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    putting money away the sooner you're
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    going to be on that path to real
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    Financial Independence because making
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    more money is important but if you're
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    just spending it it's not going to help
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    you get to retirement what you need to
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    do is you need to have that side hustle
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    that's bringing in a little bit more
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    money I recently met someone who as a
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    kid he went into a store with his mom
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    when he I think he say was 12 years old
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    he went into a store with his mom he saw
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    a pair of sneakers that he wanted to buy
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    he knew he wanted them but they weren't
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    his size but they were for sale for I
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    think $75 and he said Mom I could sell
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    these on eBay for 200 bucks even though
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    they're not my size I could flip them
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    and she said okay and he did and he made
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    $125 he then took that money and he
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    eventually got shoes that were his own
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    size but in that he realized that he
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    could do this and he actually built a
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    business at the age of 12 and started
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    flipping things on eBay now you hear
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    people doing this all the time if you
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    are able to fix things you can buy
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    things fix things up and resell them if
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    you're able to build things you can
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    build things and sell them you've got
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    marketplaces like Etsy for all these
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    handmade Goods you've got obviously
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    Facebook marketplace where people buy
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    things and sell things you've got
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    Craigslist and then you've got the
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    marketplace Arbitrage where people buy
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    things from one place and then they sell
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    them somewhere else at a premium these
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    are side hustles that are a little bit
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    more skilled than maybe driving for Uber
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    but you know it it takes time to ascend
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    to that level because it requires some
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    degree of expertise within a niche but
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    if you have something that you're
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    already passionate about you should be
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    asking yourself what are other people
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    doing in this space that's making them
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    some side hustle money because there may
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    be a business opportunity somewhere in
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    there
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    okay so step number one was reducing
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    your burn rate step number two is
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    bringing on a side hustle to increase
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    your cash flow you know what step number
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    three is Step number three is save like
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    crazy save like crazy your first goal is
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    to save $5,000 your second goal is to
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    save $10,000 and you know what you want
  • 00:08:49
    to do with that money once you've saved
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    it you don't just leave it sitting in an
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    account you you leave it sitting in an
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    account for a period of time and then
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    you
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    invest it now investing is so important
  • 00:09:03
    the reason it's important is because it
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    allows you to grow that nest egg that
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    small seed into something bigger and a
  • 00:09:10
    lot of people talk about real estate
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    here's the problem with real estate
  • 00:09:14
    there's a lot of things that are awesome
  • 00:09:15
    about it and I don't need to tell you
  • 00:09:16
    that because you probably know them but
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    there's some problems with it real
  • 00:09:20
    estate didn't work for me because when I
  • 00:09:23
    was at the point where I was considering
  • 00:09:25
    that I didn't have a regular W2 paycheck
  • 00:09:28
    anymore I was already not
  • 00:09:30
    employed and when you're not employed
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    it's really hard to get approved for a
  • 00:09:34
    mortgage so as much as you'd like to get
  • 00:09:36
    a mortgage and you think oh this would
  • 00:09:37
    work I could you know buy this property
  • 00:09:39
    and it's a duplex and I could rent out
  • 00:09:41
    one set well if you don't have a W2
  • 00:09:43
    that's not going to happen so the
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    barrier to entry on real estate is a
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    little bit higher you need a stable
  • 00:09:50
    paycheck you need decent credit and so
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    if you don't have that then what are
  • 00:09:56
    your other Alternatives the other
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    alternative to me is the stock market
  • 00:10:01
    and with the stock market you can put
  • 00:10:03
    that $5,000 in $10,000 in and you can
  • 00:10:07
    start growing it now this is something
  • 00:10:09
    that no doubt is again something that
  • 00:10:12
    requires skill but investing is how you
  • 00:10:16
    take the nest egg and you grow it so
  • 00:10:19
    whether you're going to grow your
  • 00:10:20
    Investments by buying an ETF like the
  • 00:10:23
    S&P 500 spy ETF that's a great way to
  • 00:10:26
    get yourself into the market it also
  • 00:10:28
    comes with downside risk right now
  • 00:10:31
    short-term treasuries are yielding
  • 00:10:34
    really respectable amounts so you could
  • 00:10:36
    put the money there if you want to use
  • 00:10:40
    that money as a down payment on
  • 00:10:42
    something like a property if you think
  • 00:10:45
    that's going to be something you could
  • 00:10:46
    do within the next few years the reason
  • 00:10:48
    you wouldn't want to put that money into
  • 00:10:51
    an index is because if it dropped 30% or
  • 00:10:53
    40% that's going to be such a big hit
  • 00:10:56
    it's better just to have it in
  • 00:10:57
    treasuries because then at least you're
  • 00:10:59
    growing before you you go and make that
  • 00:11:01
    down payment but if you're not planning
  • 00:11:03
    on buying a real piece of real estate
  • 00:11:05
    and you don't need that money in the
  • 00:11:07
    next couple of years then you just want
  • 00:11:10
    to put it away put it away and do cost
  • 00:11:12
    averaging where you're just adding a
  • 00:11:14
    little bit more into that money market
  • 00:11:15
    account that investment account each
  • 00:11:17
    month so you're just putting away all
  • 00:11:19
    the savings into that account step
  • 00:11:23
    number five build a business building a
  • 00:11:27
    business is going to be the fastest way
  • 00:11:29
    that you can grow wealth working a 9
  • 00:11:31
    to-5 job you're limited side hustles yep
  • 00:11:35
    you can do it and there are definitely
  • 00:11:36
    people who retire within five years
  • 00:11:39
    through a combination of being super
  • 00:11:41
    Frugal saving 70% 80% of their paycheck
  • 00:11:45
    and there's there's an equation there
  • 00:11:47
    where if you save 80% of your paycheck
  • 00:11:49
    and you do that for seven eight years
  • 00:11:51
    and you're going to live within that
  • 00:11:52
    amount from that point forward you know
  • 00:11:55
    you can do that but you've got to be
  • 00:11:57
    willing to live live really frugally and
  • 00:12:01
    not everyone's willing to make that kind
  • 00:12:02
    of sacrifice when you live frugally like
  • 00:12:05
    that it also puts you in a mindset
  • 00:12:07
    psychologically of scarcity and when you
  • 00:12:09
    get into that mindset it's really hard
  • 00:12:11
    to break out of it so step number five
  • 00:12:14
    is building a business one of the things
  • 00:12:17
    with building a business is that you it
  • 00:12:19
    doesn't have to be a business that is
  • 00:12:21
    going to become like you know you're
  • 00:12:23
    creating a Facebook or an app or a big
  • 00:12:26
    Tech startup you're going to have lots
  • 00:12:27
    of employees it could be something as
  • 00:12:30
    simple as what's something that you know
  • 00:12:33
    a lot about what's something that you're
  • 00:12:34
    an expert in if you're if you're someone
  • 00:12:37
    that knows a lot about the stock market
  • 00:12:39
    like I do you can start making videos on
  • 00:12:41
    YouTube right this can become a business
  • 00:12:43
    if you if you have something that you
  • 00:12:45
    know a lot about something that you're
  • 00:12:48
    passionate about there are so many ways
  • 00:12:51
    that you can translate that into some
  • 00:12:54
    passive income like that is the best way
  • 00:12:57
    I think to grow wealth because because
  • 00:12:59
    then it can scale up you know you can't
  • 00:13:02
    really scale up driving Uber you can
  • 00:13:04
    scale up some of these side hustles like
  • 00:13:06
    buying and selling on a Marketplace you
  • 00:13:08
    know you could build an Amazon store but
  • 00:13:11
    a lot of side hustles there's a real
  • 00:13:13
    limit to
  • 00:13:14
    scalability if you can build a small
  • 00:13:17
    business for yourself that's going to
  • 00:13:19
    create that cash flow where now all of a
  • 00:13:22
    sudden you're generating $1,000 $22,000
  • 00:13:26
    a month in cash flow and back to the
  • 00:13:29
    Whiteboard if you're generating $2500 a
  • 00:13:32
    month in cash flow from your business
  • 00:13:35
    that's the equivalent of having a
  • 00:13:37
    $750,000 retirement account Why by the
  • 00:13:40
    time you're generating $5,000 a month
  • 00:13:42
    it's the equivalent of having a $1.5
  • 00:13:44
    million trust investment account
  • 00:13:46
    retirement account you know you don't
  • 00:13:49
    want to
  • 00:13:50
    underestimate how far that cash flow can
  • 00:13:54
    take you if you're generating it through
  • 00:13:56
    a business so my five steps to retiring
  • 00:14:00
    in five years if I was starting over at
  • 00:14:02
    zero number one keeping my burn rate as
  • 00:14:05
    low as possible adding inside hustles so
  • 00:14:08
    I'm making significantly more than I'm
  • 00:14:10
    spending I want to be spending half of
  • 00:14:13
    what I'm making if I can be saving half
  • 00:14:15
    that's incredible if I'm saving 25%
  • 00:14:18
    that's good 10% that's tough but the
  • 00:14:21
    more you can save number three save like
  • 00:14:24
    crazy put that money away step four
  • 00:14:27
    invest you're saving whether you want to
  • 00:14:30
    invest in real estate you want to invest
  • 00:14:32
    in stocks you want to just invest in
  • 00:14:34
    treasuries it depends on what your
  • 00:14:36
    outlook is depends on your credit
  • 00:14:37
    depends on your income but invest really
  • 00:14:41
    that's like a big one and then number
  • 00:14:43
    five is build a business build a
  • 00:14:46
    business and if you want to use some of
  • 00:14:48
    that money to invest in yourself that
  • 00:14:51
    makes sense but only once youve first
  • 00:14:53
    proven that you have a profitable
  • 00:14:55
    business model and that you're a better
  • 00:14:57
    investment than just putting that money
  • 00:14:59
    in treasuries or in the S&P 500 or
  • 00:15:02
    something like that now one of the last
  • 00:15:03
    things I want to talk about is debt
  • 00:15:05
    there's a difference between good debt
  • 00:15:06
    and bad debt I was talking to someone
  • 00:15:08
    recently who said they they don't use
  • 00:15:10
    any debt they're afraid of debt and
  • 00:15:12
    they've known people who got burned with
  • 00:15:14
    debt and they just they don't want to
  • 00:15:15
    touch it but there's also the reality
  • 00:15:19
    that wealthy people use debt in a way to
  • 00:15:23
    leverage and grow their net worth at
  • 00:15:27
    astonishing rates so what's the
  • 00:15:29
    difference between good debt bad debt
  • 00:15:31
    safe debt and risky debt the the the
  • 00:15:34
    common understanding among people in the
  • 00:15:37
    finance space is that you want to be
  • 00:15:39
    really careful with unsecured debt which
  • 00:15:41
    is credit card debt credit card debt is
  • 00:15:43
    high interest and if you're using credit
  • 00:15:46
    card debt to pay your cost of living to
  • 00:15:49
    cover your monthly burn rate that is a
  • 00:15:52
    problem that is a major problem that's
  • 00:15:55
    not going to work you really credit card
  • 00:15:58
    should only be a tool where you're
  • 00:16:00
    paying off the balance each month and
  • 00:16:02
    you need credit cards because you need
  • 00:16:03
    to build a history of being credit
  • 00:16:06
    worthy that's how you build your credit
  • 00:16:08
    rating so credit cards are important but
  • 00:16:11
    you want to pay down the balance each
  • 00:16:13
    month similarly car loans are important
  • 00:16:17
    because it establishes a track record of
  • 00:16:19
    you paying the bill on time so I even
  • 00:16:23
    myself use car loans I could pay cash
  • 00:16:26
    but I pay for most of the car in cash
  • 00:16:28
    and I keep a small loan because I always
  • 00:16:31
    want to keep building my credit and
  • 00:16:33
    keeping my credit worthiness as high as
  • 00:16:35
    possible so if I have a point where I
  • 00:16:37
    say oh wow there's an apartment building
  • 00:16:39
    that I want to buy I need to take out a
  • 00:16:41
    loan for it now the bank looks and they
  • 00:16:44
    say wow not only does he have a good
  • 00:16:45
    credit score he has a long history of
  • 00:16:48
    lending and being a responsible
  • 00:16:50
    responsible with credit so mortgages are
  • 00:16:54
    secured credit but the dangerous thing
  • 00:16:56
    with mortgages are the adjustable rate
  • 00:16:59
    mortgages as rates go up if it's an
  • 00:17:02
    adjustable rate mortgage your mortgage
  • 00:17:04
    payments go up so the really important
  • 00:17:06
    thing with mortgages is using a fixed
  • 00:17:08
    rate now the reality right now is the
  • 00:17:10
    rates are crazy crazy high and this is
  • 00:17:13
    not a good time to be borrowing money
  • 00:17:15
    because the cost of borrowing money is
  • 00:17:17
    so much higher than it was three or four
  • 00:17:19
    years ago the these are Cycles so right
  • 00:17:22
    now we're in a cycle where the cost of
  • 00:17:24
    borrowing is higher and getting into
  • 00:17:26
    real estate therefore is more difficult
  • 00:17:28
    but the fact is if you found a property
  • 00:17:33
    where the numbers made sense where your
  • 00:17:36
    tenants are going to be paying the
  • 00:17:38
    mortgage on that building even at the
  • 00:17:41
    higher rate then that makes a tremendous
  • 00:17:45
    amount of sense because now with a down
  • 00:17:48
    payment of 20% or depending on what
  • 00:17:51
    you're borrowing for and if it's a
  • 00:17:53
    firsttime loan and things like that you
  • 00:17:54
    could even get it lower but let's just
  • 00:17:56
    say you put down 10% or 20%
  • 00:17:59
    now you have tenants who are paying down
  • 00:18:01
    the mortgage and with that 10% you now
  • 00:18:05
    have control over this large asset so
  • 00:18:08
    that's how you use credit responsibly to
  • 00:18:11
    grow your net worth but you've got to be
  • 00:18:14
    really careful with unsecured debt
  • 00:18:16
    because there is such a thing as bad
  • 00:18:18
    debt and there's definitely predatory
  • 00:18:19
    lenders and that can get you into a lot
  • 00:18:22
    of trouble so yes think about debt use
  • 00:18:26
    debt build your credit score up as high
  • 00:18:29
    as you can but be very careful with
  • 00:18:31
    unsecured debt I hope you found these
  • 00:18:34
    steps interesting if you have questions
  • 00:18:36
    any questions please leave them in the
  • 00:18:38
    comments down below maybe your idea will
  • 00:18:40
    turn into a video that will be coming
  • 00:18:42
    here on YouTube real soon thanks always
  • 00:18:44
    for tuning in
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