Going Deep with Aaron Watson

31 Alan C on retiring at 35

Jan 12, 2024

Alan C, retired at 35 by saving money, increasing income, and implementing sound investment strategies. He discusses going back to school, living in a low-cost city, and losing 100 lbs after retirement. Challenges listeners to reflect on expenses and recommends investing savings for compound interest. Shares tips on maintaining healthy weight, setting up savings, and expresses gratitude.

37:01

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Episode guests

Alan C

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Quick takeaways

Balancing income and expenses is crucial for saving and retiring early.

Investing in index funds and understanding different investments can lead to long-term financial success.

Deep dives

Importance of Saving and Investing Early

The podcast episode discusses the importance of saving and investing early in order to retire at a younger age. The guest, Alan Charness, shares his personal experience of retiring at 35 by diligently saving and creating a financial plan for his future. He emphasizes the power of compound interest and how saving small amounts consistently can lead to significant growth over time.

Introduction

3min

Retiring at 35 and the Power of Compound Interest

23min

Reflections on Weight Loss and Health

2min

Maintaining a Healthy Weight and Retiring Early

6min

The Importance of Setting Up Savings and Expressing Gratitude

2min

Alan shared an hour of his time to explain how he was able to retire at 35 and lays out the principles by which he lived.

Alan’s three core principles

Keep your spending in check so you save a lot - preferably by automating your savings
Seek out ways to increase your income through education, hard work, and challenging careers
Implement a sound investment strategy that keeps fees low and generates high rates of return early on

Alan discusses the merits of going back to school to get a graduate degree. He also explains why living in a low-cost city like Pittsburgh was a boon and how he lost more than 100 lbs after he retired.

THIS EPISODE WAS RECORDED ON SEPTEMBER 30TH, INTERNATIONAL PODCASTING DAY, at the EPICAST NETWORK STUDIOS.

Alan’s Challenge; Keep a journal of all your expenses for one week and reflect on necessary vs. discretionary purchases. By investing savings in securities generating an average of 10%/year (i.e. total stock market funds), in 20 years, each dollar saved could turn into $7. If you’d rather have the $7, automate your savings.

Reading Suggestion; BogleHeads

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Going Deep with Aaron Watson

31 Alan C on retiring at 35

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Saving and Investing Early

Balancing Income and Expenses

Investment Strategy and Risk Management

Finding Fulfillment in Retirement

Remember Everything You Learn from Podcasts