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How to Retire Early in Your 40s by Supercharging Your Savings
Manage episode 449056251 series 2566047
Yes, it’s possible to retire early, even if you’re just now diving into the FIRE movement. Early retirement could be within reach whether you’re in your twenties, thirties, forties, or fifties. Imagine having complete freedom in a decade or less: no office politics, no boss, and, best of all, no spreadsheets! That’s the life Arik Peterson built when he retired early at forty-four, leaving behind a demanding career in corporate investing.
After reading Mr. Money Mustache’s unmatched FIRE blog, Arik drastically changed his saving and investing habits, increasing his savings rate to seventy percent and redirecting his money into simple, steady investments many overlook. Today, his life looks vastly different—he spends his days fishing, biking, creating art, and working on DIY projects instead of staring at a computer screen, crunching numbers.
In this episode, Arik shares his complete strategy for reaching financial independence, why he’s skeptical of the 4% rule, his current investment choices, and how an unexpected layoff turned into his golden opportunity. Ready to ditch corporate America? Follow Arik’s plan!
In This Episode We Cover
Why you must increase your savings rate if you want to reach FIRE fast
The simple, low-cost investment Arik has in his early retirement portfolio
Why you don’t need to follow the 4% rule to finally quit your job and retire
Making money in retirement and living off of side income streams
Arik’s killer advice for Roth investing that could make you tax-free millions
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: Mindy@biggerpockets.com
Email Scott: Scott@biggerpockets.com
BiggerPockets Money Facebook Group
Get to FIRE Faster “Set for Life”
Find an Investor-Friendly Agent in Your Area
What to Do Before You Quit the High-Pay & Benefits of Corporate World
(00:00) Intro
(00:58) Discovering FIRE
(02:11) A VERY Stressful Job
(04:58) Secret to Get to FIRE Faster
(08:35) “Obsessing” Over Money
(10:16) What He Invests In
(12:44) Ignore the 4% Rule?
(14:22) FIRE at 44!
(17:07) Connect with Arik!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-579
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
596 bölüm
Manage episode 449056251 series 2566047
Yes, it’s possible to retire early, even if you’re just now diving into the FIRE movement. Early retirement could be within reach whether you’re in your twenties, thirties, forties, or fifties. Imagine having complete freedom in a decade or less: no office politics, no boss, and, best of all, no spreadsheets! That’s the life Arik Peterson built when he retired early at forty-four, leaving behind a demanding career in corporate investing.
After reading Mr. Money Mustache’s unmatched FIRE blog, Arik drastically changed his saving and investing habits, increasing his savings rate to seventy percent and redirecting his money into simple, steady investments many overlook. Today, his life looks vastly different—he spends his days fishing, biking, creating art, and working on DIY projects instead of staring at a computer screen, crunching numbers.
In this episode, Arik shares his complete strategy for reaching financial independence, why he’s skeptical of the 4% rule, his current investment choices, and how an unexpected layoff turned into his golden opportunity. Ready to ditch corporate America? Follow Arik’s plan!
In This Episode We Cover
Why you must increase your savings rate if you want to reach FIRE fast
The simple, low-cost investment Arik has in his early retirement portfolio
Why you don’t need to follow the 4% rule to finally quit your job and retire
Making money in retirement and living off of side income streams
Arik’s killer advice for Roth investing that could make you tax-free millions
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: Mindy@biggerpockets.com
Email Scott: Scott@biggerpockets.com
BiggerPockets Money Facebook Group
Get to FIRE Faster “Set for Life”
Find an Investor-Friendly Agent in Your Area
What to Do Before You Quit the High-Pay & Benefits of Corporate World
(00:00) Intro
(00:58) Discovering FIRE
(02:11) A VERY Stressful Job
(04:58) Secret to Get to FIRE Faster
(08:35) “Obsessing” Over Money
(10:16) What He Invests In
(12:44) Ignore the 4% Rule?
(14:22) FIRE at 44!
(17:07) Connect with Arik!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-579
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
596 bölüm
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