We have studied early retirement for easily 10,000 hours plus.

This episode is the distillation of the entire early retirement playbook in the simplest, fastest, most actionable way we can come up with.

We hope you refer back to this episode for years to come.

Let us know in the comments below.

If you have any additional

tips, tricks, or suggestions to help others speed their journey to early retirement.

Hello, hello, hello, hello, and welcome to the Bigger Pockets Money podcast. My name is Mindy Jensen,

and with me as always is my Fundamental Masters co-host, Scott Trench My name is Mindy Jensen. And with me, as always, is my

fundamental master's co-host, Scott Trench. Thanks, Mindy. Great to be here with you. I never get tired

of talking about financial independence. And I know you never get retired. With that lame joke,

let's get into it. We're going to try to move rapid fire through all of these concepts so that this

is, again, a referenceable,

reviewable piece of content that you can come back to for years to come.

Let's kick things off by explaining what financial freedom means, what early retirement

means.

It means that your assets times the return that they generate creates a greater stream of spendable liquidity than what your

lifestyle costs. You can solve this equation in a large number of ways. If you've got a million

bucks and you think that you can generate a 10% steady-eddy return, you're retired if you want to

spend $100,000 a year or less.

Now, that brings us to the question, what is a reasonable set of assumptions in the context

of this equation? And that brings us to the next concept, which Mindy will introduce.

The 4% rule. This was created in 1994 by Bill Bangan, who was a traditional financial planner, and he was trying to

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