Good morning, internet friends!!
Hope you had a good rest and are ready for some financial goodness! I don’t have any money to give away today sadly, but I do have the next best thing per Benjamin Franklin: a book! After all,
“An investment in knowledge pays the best interest!” 😎
I think he would be keen on this type of book too, considering how he was the O.G. of early retirement.
“Retire By 30”
How to Build Wealth, Gain Freedom, and Live Life on Your Own Terms
It comes from fellow friend and podcaster, Cody Berman, who not only has the coolest mom ever (Hi Ruth!), but has also figured out how to hack life, by way of his finances, much earlier than anyone I know. Myself especially!
His book on this just came out TODAY, and I’ve got three copies to give away if it sounds like something you’re interested in.
More from his website:
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“If you want to reach Financial Independence faster than most people think possible, this book is for you. It doesn’t matter if you’re 18 or 58. The principles work at any age.
Retire By 30 breaks financial independence into a clear, step-by-step system. You’ll learn how to define your retirement number, optimize your biggest expenses, grow your income, and invest with confidence using a simple order of operations. The goal isn’t extreme frugality or risky bets. It’s building wealth through repeatable systems that give you control over your time.
You don’t have to do everything — but if you implement even a few strategies, you can put yourself years ahead of your peers.”
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The italicizing and bolding up there is my own because it’s an important piece!! This stuff doesn’t happen overnight, but by starting little habits NOW it’ll exponentially increase your wealth with each passing month – even if you never do another thing. And I’m glad he mentions that you can start on this *no matter your age* too because you really can! Don’t mind that click bait title of the book! 😂
I actually didn’t start paying attention to my own money until I was almost 30. And it took about 10 years or so of really focusing to feel comfortable enough and knowing that I was going to be set. Similar to others too from what I’ve heard – 10 years seems to be a magical number if you get to hustling and stick with it. The time is going to pass anyways, you might as well have something to show for it!
If you’re interested in the book, answer the following question down below in the comments or via email if that’s where you’re reading this and you’ll be entered to win one of the 3 copies:
At what age do you think you’ll actually retire at?!
I’ll go first…
I (tried) retiring at 42, but that only lasted a few months haha… Now if we’re using “financial freedom” interchangeably here, then I was just under 40 when we officially accomplished that. And though I rarely make any extra money these days (in fact, I give out more than I make now!) our net worth has more than doubled since then just by following these same steps that I’m sure Cody shares in his book (full transparency – I haven’t read it yet but I know enough about him to trust it’s good!).
Alright, your turn! Share your best guess and you’ll be entered to win! We’ve got 3 copies to give away, and I’ll pick the 3 winners sometime after midnight this Sunday, May 17th.
For more info about the book, check out Cody’s website here – RetireBy30Book.com – or visit its Amazon page (affiliate link): amzn.to/3PaMKeB
Good luck! And congrats Cody! Looking forward to hopping on your show soon and spilling my own new project to the world here shortly ;)
*** GIVEAWAY OVER *** Congrats to our 3 winners: Peter M., Jessie O. and Erin. Hope it helps you all retire earlier! :)
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It’s hard to say. We got started late and still aren’t putting in as much as we should. I would have to say we are going to have to go for the long haul at 65, unfortunately! (Both of us turn 50 this year!)
Keep at it – never know what the future (or markets!) hold! :)
I started a business years ago, it did not pan out so I had to join the work force again. I stated a Roth 401K late in life. I hope to retire at 67, God willing, I’m 62 now.
good for you for going after it though!! what type of biz was it?! I’ve probably failed at more of them than I’ve succeeded but lucky the first one did well enough to all future fails! :)
Probably not retiring “early” but hoping to retire “on time” at 62 (currently 56) – fingers crossed :)
:)
Praying to retire at 60. I’m going to have to get more serious about planning.
well at least you’re on money blogs! shows you’re somewhat serious lol
I’m a stay at home mom of 3 children. I joke that I’m already retired since I’m not working a traditional job. I homeschool, so while I stay busy, I feel that time is my own. My husband on the other hand……I’m aiming for 60.
that is one HARDDD job that doesn’t pay! lol… except in hugs and kisses which thankfully are very valuable to the heart :)
I’m 61 and could retire right now but don’t want to pay top dollar for crappy ACA insurance. So I’ll likely keep my part-time job with excellent medical benefits until I’m 65.
part-time is a nice schedule and way to ease into it!
I’ll be 40 this year. According to my spreadsheet, if i get a minimum of 6% return from index funds I should hit my number by 55. Unfortunately, this morning on the news they talked about how Healthcare premiums have gone up ~25% in the last year or two. Being a Type 1 diabetic, I can only imagine what that is going to cost me in 15 years when I’m not covered by my employers health insurance plan. I do have a health care savings plan through work, but I am limited to deferring only 1% into it.
ugh yeah, health insurance is the one factor that can really screw stuff up… admittedly i haven’t looked too much into it since my wife still works but i know it’s coming at some point!
I would love to aim for 60 (I’m 51) but unless I do something soon, its gonna be 65 or later!
Sending you over good vibes!
I’m aiming for 40 at the latest! Currently 36/almost 37. I consider my wife already ‘retired’ – just part-time working because she wants to. Hopefully if everything goes well I can pull the trigger a little early. I’ve decided I just want to be retired for at least the next 20 years or so and then when the kids leave the house I can go back to work if needed :p
haha i like that… a lot :)
My goal has always been between 50-55 (so 10-15 years). Praying it happens. Need to buckle down and pay off mortgages on our house and the rentals in the next 5.
Rentals plural!! I like the sound of that!
I retired at 39 and my husband retired at 42. And my 15 yo son is already thinking about retirement! Lol. I’d give him the book. He’s off to a good start – he asked for a brokerage account for his 13th birthday. :)
ok you are raising a genius!!! i bet he beats you on his retirement date 😁
see if he wants to start a blog too! we need more young kids excited about this stuff!
I plan to retire at 62 (I’m 58 now). Not exactly early, but at least I have a plan! I’d love to read the book and share it with my adult children, so that they have options before the age of 62.
you’re entered! :)
*** GIVEAWAY NOW OVER ***
Congrats to our 3 winners!
– Peter M.
– Jessie O.
– Erin
Hope it helps you retire earlier :)