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Updated over 2 years ago on . Most recent reply

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Kimothy Bynum
  • Real Estate Agent
  • Detroit
63
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127
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Looking to retire early

Kimothy Bynum
  • Real Estate Agent
  • Detroit
Posted

Hey I want to retire early! Really meaning i want to leave my W2 job and not have to rely on it for income by 35 so it would be a 10 year plan. I'm currently on my first house hack and looking to do another house hack this year. Anyone out there that has "retired" in there 30's? If so how did you do it, what are some tips?

I don't mind my job but I can't see myself working here for 20 years + nor do i want to work here for 20 years +.  

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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

I'm guessing you're 25, based on wanting to leave on a 10 year plan by the time you're 35. 

A better strategy: find something you love doing that also makes money. Investments are what you do with the excess money that you don't need for living and playing. That money has to be made somewhere. Yes it can be made from other investments but that's just trading one job for another until you have such a critical mass that you don't need to work any more. 

Why not find a career that you can be happy into your 40's or 50's, that pays well, and invest the difference? Then you get to be happy now, and when you start to feel your body getting tired of working a regular schedule, by then you'll have a nice investment portfolio.

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