How to Retire Early | 585
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 8 February 2019
⏱️ 11 minutes
🧾️ Download transcript
Summary
Have you ever wondered how to retire early? It's not a really complicated thing to do and today, we are going to show you how to achieve it 10 times faster than the average person. Learn why shifting mindset is crucial, where to start, and how to pull it off.
Transcript
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| 0:00.0 | This is Terry O'Media. |
| 0:04.0 | Hey rock star Matt here at Epic Real Estate, and have you ever wondered how to retire early? |
| 0:10.0 | I mean, you hear about it, you read about it it but are you a little puzzled how to actually pull it off for yourself |
| 0:16.7 | well if so stick around for a minute I'll show you how exactly how on today's episode of Financial Freedom Friday. |
| 0:23.4 | All right, retiring early, it's not a really complicated thing. |
| 0:31.1 | All right, retiring early. It's not a really complicated thing to do. It's actually a very simple |
| 0:36.8 | equation. To retire, whether it's later or sooner, all you need is more monthly income than you have of monthly expenses. |
| 0:45.8 | And I'm going to show you how to pull this off 10 times faster than the average person. |
| 0:50.6 | Then I'll give you access to some of the tools, some of the resources to make it happen. |
| 0:55.0 | All right? So first thing, you got to shift your mindset. |
| 1:00.0 | I'm not talking about positive thinking or anything woo nothing like that but you do need |
| 1:03.4 | a shift in mindset meaning rather than focusing on saving money like most people do shift your |
| 1:08.9 | focus to creating streams of money and here's why You see if you want to retire early, most people simply don't make enough to save enough to outpace that |
| 1:19.2 | traditional 40 to 50 year plan. And even then, it's no walk in the park to make it happen. So that's |
| 1:25.6 | number one. You got to shift your focus to creating streams of money and |
| 1:29.3 | the shift in mindset and following your new thoughts with correlate action, it's enough |
| 1:34.4 | for most people right there to cut their time to retirement in half. Here this is |
| 1:39.7 | what I mean. This right here I call the the now or later creator all right and right here at the top |
| 1:46.6 | this vertical axis right here this is called or excuse me this represents your |
| 1:52.3 | cash flow your monthly cash flow, your monthly stream of cash, right? |
| 1:57.2 | And down here this horizontal line represents time, okay? |
| 2:01.7 | And here you are right now. So right here, let's say this is 62, the traditional retirement age. Up here is your cash flow goal and we want to get up here as soon as possible so we can enjoy that cash flow for as long as much time as we possibly can. |
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