Adam | Wealth Builder

Adam | Wealth Builder

28-05-2022

11:31

If you want to quit your 9-5 and never worry about money again, do this… - Thread -

Most people dislike their jobs - this isn’t news 61% of respondents in a recent poll rated their job as being “mediocre” at best This is why so many people want to quit Here are the benefits of doing so before I explain how you can!

Benefit 1: Better health - more time to exercise and less stress Benefit 2: Autonomy - no more orders from a boss Benefit 3: Choice - freedom to do what you want with your time Who wouldn’t love these 3 things? I would Sadly, most people won’t and here’s why…

Most people have no idea how much money they need to retire As such, they don’t work towards this ultimate goal This leads to the requirement to work forever Which I am guessing you don’t want to do Here’s how to get on track…

To retire early, you need to know three things: 1. Your retirement amount 2. Your retirement timeline 3. Monthly contribution amount Here’s an example of how they come together…

You determine you can live off $50K a year Using the 4% rule, you need $1.25M to retire Based on a 7% average annual return and a 40 year timeline You need to invest $500 a month Here’s the issue…

Most people push off investing for retirement They live it up in their younger years and never put money away That is until they are much older Here’s how much things can change over time…

Let’s assume you still only need $1.25M to retire At the same 7% return but investing for just 20 years instead You would need to invest $2,400 a month instead Few people can afford to do this and end up working forever Don’t let this be you…start investing!

Start your investing journey today with my free guide: If you enjoyed this thread, I'd appreciate a RT of the first tweet. Follow @Adam_DelDuca for more daily threads!


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