Lets talk about how to retire in 10 year, starting with $0, and how you can build a portfolio of investments to cover your daily expenses - enjoy! Add me on Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & SEE MY STOCK TRADES - USE CODE GRAHAM: NEW BANKROLL COFFEE NOW FOR SALE: DOWNLOAD MY NEW FINANCIAL APP: JOIN THE WEEKLY MENTORSHIP - The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: - $100 OFF WITH CODE 100OFF NUMBER ONE: IT MAKES NO DIFFERENCE HOW MUCH MONEY YOU MAKE When it comes to achieving financial independence….it ONLY matters… how much of THAT income you can SAVE at the end of the day. NUMBER TWO: SAVE MONEY What most people DON’T know is that, based on your own income and expenses, you can calculate how long it’ll take you to retire - at your current savings rate - in less than 2 minutes: NUMBER THREE: REDUCE EXPENSES For the sake of saving more money and moving up your “RETIREMENT TIMELINE,” - especially in the next 10 years - you MUST do ANYTHING POSSIBLE to save more money, and you HAVE TO LIVE BELOW YOUR MEANS. Remember, for every 5% of EXTRA income that you save…you’re able to retire up to SEVERAL YEARS EARLIER…so, every little bit counts. NUMBER FOUR: STAY AWAY FROM HIGH INTEREST DEBT For myself, I make sure to NEVER carry a credit card balance…I never finance anything I can’t afford…and, I stay away from ANY DEBT that’s not a low interest, tax deductible, fixed rate car payment or mortgage under 4% interest...that’s IT. NUMBER SIX: INVEST CONSISTENTLY -One, take advantage of your 401k, Roth IRA, and HSA accounts because these save you on taxes -Two, Invest consistently, long term. -Three, don’t time the market - just invest long term consistently, regardless of where the price is. -Four, invest in a low-fee index fund that covers the entire market -Five, wait. Let the markets do their thing - and, over time - you’ll make money. NUMBER SEVEN: INCOME Your BEST CHANCE at being able to retire in 10 years, and make a LOT of money, is to work a job or a side hustle that pays on RESULTS, not your TIME. If you get paid based on your RESULTS - then, hypothetically, you should be able to find ways to streamline those results and make more money, without working any harder. I know some of this might be like “DUH!! TELL ME SOMETHING I DIDN’T KNOW” but…this is the truth….you MUST make enough money to be able to save 70-90% or more of your income for 10 years, and that’s the entire calculation, at it’s core, if you want to retire from nothing. I understand it’s not for everyone, and the idea of “retirement” sounds miserable…but, for me…that just means I have the choice to pursue the projects, work, and hobbies I find the most fulfilling… not that I’ll stop working and just relax all day doing nothing. To me, THAT’S what “early retirement” is all about...it’s the FREEDOM from being able to make a conscious choice, each and every day, in terms of how you’re going to spend your time…if it’s making more money and working, great. If it’s spending all day on YouTube…fine. But, at least that choice is YOURS…and, for 10 years of nonstop work…I can say, it’s absolutely worth it. My ENTIRE Camera and Recording Equipment: For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/...(read more)
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Retiring in 10 years may seem like an impossible feat to accomplish, especially when starting with no money at all. However, with the right mindset, planning, and execution, it is possible to build a solid nest egg and retire comfortably. Here are some steps to take to retire in 10 years, even if you have no savings to start with. 1. Set a goal: The first step to achieving any financial goal is to be clear about what you want to achieve. Decide on the amount of money you wish to have saved up by the time you retire and work backward to calculate how much you need to save each year. 2. Live below your means: One of the best ways to save money is to live below your means. Cut back on unnecessary expenses and focus on savings instead. Budget your expenses and stick to a tight budget every month. 3. Boost your income: Saving money is important, but earning more money is equally important. Consider taking on a side hustle to supplement your income. You can also look at opportunities for a higher-paying job or ask for a raise. 4. Invest wisely: Investing your money is an excellent way to grow your wealth. Invest in stocks and mutual funds that provide a good rate of return. However, be careful to avoid high-risk investments that could lead to significant losses. 5. Build an emergency fund: Emergency expenses can derail your retirement plans. To avoid this, build an emergency fund that can take care of unexpected expenses. Set aside at least six months of your living expenses in a savings account. 6. Pay down debt: Debt can hinder your ability to save for retirement. Prioritize paying off any outstanding debts while saving for retirement. 7. Maximize your retirement contributions: Take advantage of retirement accounts like a 401(k) and IRA. The contributions you make to these accounts are tax-deductible and grow tax-free. Maximize these accounts to ensure you're saving as much as possible. 8. Seek guidance: Seeking the help of a financial advisor can be helpful. They can help you create a long-term financial plan, provide guidance on investments, and offer valuable advice on how to build wealth. In conclusion, retiring in 10 years may seem challenging, but it is achievable. By setting clear goals, living below your means, investing wisely, and saving aggressively, you can build a comfortable nest egg and retire without the stress of financial concerns. Remember to seek guidance from a financial advisor if you need help along the way. https://inflationprotection.org/retiring-in-10-years-a-how-to-guide-from-zero-dollars/?feed_id=99156&_unique_id=6467962e95c5d #Inflation #Retirement #GoldIRA #Wealth #Investing #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions #RothIRA #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions
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