How To Reach Coast FIRE By Age 30, 40, and 50
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This video will show you the math behind reaching Coast FIRE by age 30, 40, and 50.
What is Coast FIRE?
Coast FIRE When you invest enough in your retirement accounts up front, it grows without any additional contributions to support your retirement at a specified age.
How is Coast FIRE different than traditional FIRE?
– You still need to earn $$$
– You no longer need to save money for traditional retirement
– The compounding of your investment will get you to your FI number
– You can still pursue other interests that pay less
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If we haven’t met before – Hey 👋 I’m Marko, and I’ve been investing since 2006, and I got my finance degree in 2010. My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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I reached FIRE at 32, I wish I had done it in my twenties. Better late than never.
Congrats!
Congrats bro
32 is extremely early your basically just starting life!
I reached FIRE at 12, I wish I had done it in my 2nd year after I was born.
I was a late bloomer as well. Retired at 6 months old. Better late than never 😂
Heck yeah, I was just wondering where the Marko videos have been. Keep ’em coming champ!
Knocking on 1m subs, and Graham put out a FIRE video same day 😊
I unsubbed from Graham after he’s been dodging the Yotta bank situation. Marko > Graham.
I want to be financially secure enough to wear cufflinks
They’re built into the shirt so I’m only half way there lol
Does fat fire require a certain bmi?
I’m 34 and my coast fire age is in 15 years. But started a business and hoping to drastically improve net worth and income in the next 5-10 years… So who knows! As always, you rock Marko!
I wish I was able to increase my contributions earlier in life! Another great video Marko, keep them coming!
A little off topic from FIRE, but I started watching your YouTube channel and similar channels from who I think are actually intelligent people not trying to click bait me. At age 30 I was broke, and today at 38, my net worth of 250k+. Made a lot of FIRE style sacrifices to set that foundation. It takes patience and determination to even get started, but it’s worth it. Thanks to people like Marco, the average person can think smarter and learn practical and useable skills.
Sounds like you can start a Youtube series on your expeirences alone.
Thanks, for me it really came down to two major factors, which is being able to stay focused and doing it for a purpose bigger than just the fact you saved and invested smart.
Im 35 with a wife and very young kids at home. I just hit $1M net worth before turning 35. At $3M we can retire comfortably at $7M we can retire, leave a legacy and do literally nothing if we want to. My goal is to always be doing something, I don’t plan to take my foot off the gas until I decide I don’t want the high paying, fun but time intensive job. It’s nice knowing we’ve set ourselves up to have the freedom to do that, and that’s all that matters to me.
May I ask how you did that & what’s your job ?
*genuinely asking
@@Jack-tk1issure, I’m a technologist. The industry I’m in is high paying but high risk/no pension. For that reason we live well below our means to weather storms and be able to get to a point where I can have a second career in 10-20 years if we want that. We were also lucky in that I was able to barely buy a house in 2012, and learning the power of investing from my parents at a young age. I first bought VTSAX in 2009, and we sold the 2012 house 2 years ago to trade up to the family home.
@@bobbybeef69this is the way!!! Great job, congratulations. 🎉
My retirement strategy is to plan to be able to retire by 55, but continue working until 70-75 to keep a schedule so I stay active and healthy for longer, you know, have a life worth living. But able to do work that for the most part is what I want to do.
That’s a nice tool, Marko! Fire in two years…was planning on retirement in 5 (unless I’m not burned out and still enjoying the grind), fat fire in 9! The 270,000 miles on my car have kept down my life style creep! House paid off in 14 months.
I have a paid off mortgage on my primary home. Projecting to pay off my rental at 34 (I am 32). The rental income will set me at FIRE since I won’t have any other debt. Cheers fellows!
Leverage them and buy more. The math will show you’ll make more of a return
Thanks I bought Kardden and I can’t be more happy about it
Top notch info.
Always looking forward to all your videos. So lucky to have you and your wealth of knowledge!! 🖤🖤🖤🍞🍞
I appreciate that!
I’ve become disillusioned with the tradfi system. Stay calm and stack sats is my new philosophy 😎
Kid is about to hit a million subs!! Lessssssss goooo!🎉🎉
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Stewart.
Wow. I’m a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I’m in my fifth trade with her and it has been super.
Katherine Stewart strategy has normalised winning trades for me also. and it’s a huge milestone for me looking back to how it all started
You trade with Katherine Stewart too? Wow that woman has been a blessing to me and my family.
I’m new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can’t say much.
I cry every time I think about retiring. I sincerely apologize to everyone who applied for social security at this time after years of hard work and retirement and lost everything as a result of an unforeseen event. It’s challenging especially for those who are retired.
True, it has never been easier to learn how to develop your retirement savings than it is now, with inflation, when you may study and experience a completely diverse market passively by hiring a professional portfolio manager. The effects of the US dollar’s rise or fall on assets are, in my opinion, complex.
Even if you lack the necessary skills, you can hire one. I was a project manager, and the crash took a significant toll on my own portfolio of around $850,000 from my retirement pension in April. I instantly contacted a financial advisor, who designed a defensive strategy to safeguard and benefit from my assets throughout this red season. I’ve made more than $250,000 since then.
This is great! Do you believe your adviser would get on the phone with an unknown? I’m in desperate need of correct portfolio allocation
There are a handful of experts in the field. I’ve experimented with a few over the past years, but I’ve stuck with Leah Foster Alderman for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially.