How Much Do You Need to Invest to Reach Your Goals?

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Sally Kohn: I want to dive into some of the aspects that you mentioned there. A lot of people can relate to not only wanting to invest to find their future retirement, but maybe retire early and have a plan in place so that they can just spend their time doing more things that they enjoy earlier on rather than when you're 60. She says it really comes down to self education; she didn't go to school for finance or learn how to get an entry-level job with her degree. "I think where people kind of mess up in the beginning is just they just don't know right there"

Rebecca chats with Tyler Wright. They delve into Tyler's journey to financial freedom at the young age of 27, his thoughts on investing during a down market, and so much more!

Tyler is a stock and real estate investor and entrepreneur who built the company Defining Wealth which helps people define what wealth is to them and achieve financial freedom.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:18 - How Tyler became financially free by 27 years old, and how you can too.

14:55 - Is it possible to retire early and what does it actually take to get there?

24:40 - Some realistic examples of how you could achieve financial freedom within 10 years.

30:15- What the 4% rule is, and how to use it to figure out how much money you need to retire early.

45:39 - Tyler’s investment strategy for 2023 and how he thinks about investing in down markets.

53:42 - The common hurdles faced when trying to fast track your retirement journey and how to overcome them.

56:33 - Tyler’s advice on the best ways to get started for someone wanting to begin their journey to financial independence.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
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Related Episode: MI234: How to Create a Recession Proof Financial Plan w/ Dave Alison, or watch the video.

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