Optimal Finance Daily - Financial Independence and Money Advice 2952: How to Retire Early with 0% Investment Returns by Steven Keys of Trip of A Lifestyle on Financial Independence
5 snips
Nov 29, 2024 Steven Keys, author of the Trip of A Lifestyle blog, challenges the conventional wisdom of relying on stock market returns for early retirement. He advocates for financial independence through frugal living, disciplined saving, and minimizing consumption, proving that it’s possible to retire early even with 0% investment growth. Keys emphasizes that it's not just about accumulating wealth but about mindset and sustainable living, reshaping how we think about financial freedom and the future of work.
AI Snips
Chapters
Transcript
Episode notes
Early Retirement Without Investments
- Traditional early retirement plans rely on investment returns.
- However, early retirement is possible even with 0% investment growth through disciplined saving and reduced consumption.
The Math of Zero Returns Retirement
- With 0% return, you eat into your savings, aiming for it to last your lifetime.
- A 23-year-old saving 60% of their income could retire by 48, even with 0% returns, by saving enough to last until 85.
The Core of FIRE
- FIRE is not solely about investing; it's about consuming less than you produce.
- This principle reduces your future work needs, making early retirement possible even without investment gains.