Rich Habits Podcast

116: How to Retire Early (Seriously)

41 snips
May 5, 2025
Guest
Mike Venuto
Mike Venuto, Chief Investment Officer and Co-founder at Tidal Financial Group, shares insights on achieving early retirement beyond conventional wealth myths. He emphasizes the importance of budgeting and aggressive wealth-building strategies. The conversation covers innovative ETFs that support financial goals, including the FIRS and FIRI ETFs, designed for wealth building and income distribution. Venuto also challenges traditional retirement paradigms, urging listeners to create personalized plans that reflect their own passions and objectives.
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ADVICE

Budgeting Is The Retirement Foundation

  • Track every dollar you earn and spend with a detailed budget.
  • Knowing your essentials versus non-essentials sets the foundation for retiring early.
ADVICE

Build A Three-Month Emergency Fund

  • Save an emergency fund covering at least three months of expenses.
  • Cut non-essential spending like dining out and subscriptions until funded.
ADVICE

Eliminate Debt Before Investing

  • Pay off all high-interest debt before investing to avoid net losses.
  • Then invest to the 401k match, max out Roth IRAs, and use taxable accounts for extra savings.
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