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| Name | How To Retire In Your 30s: Interview with MrFreeAt33 |
| Video Uploader | Video From Invest It In |
| Upload Date | This Video Uploaded At 12-10-2018 14:16:22 |
| Video Discription | How To Retire In Your 30s: Interview with MrFreeAt33 Visit us at http://www.investitin.com MrFreeAt33 has a blog on http://www.mrfreeat33.com/ check him out! Today I had the pleasure of interviewing one of the F.I.R.E movement pioneers, Jason Fieber AKA ‘Mr Free at 33’. Unlike most people, Jason was able to figure out a way to beat the system by achieving financial freedom and retiring from his day job at a car dealership at the very young age of 33. He went from being broke and $20,000 in debt to build an investment portfolio of 100+ companies which yields about $13,000 in profits annually. Now he lives in Chiang Mai, Thailand, and spends his time blogging and coaching others on gaining financial independence in just 5 years and retiring early. He wrote all about the steps to achieving this in his book 5 Steps To Retire In 5 Years His blog MrFreeat33 gives a ton of insight into the F.I.R.E community and his articles can be seen on big time media outlets like Business Insider, CNBC, Yahoo Finance, Market Watch, USA Today and others Joining The F.I.R.E Movement Jason spoke at length about the F.I.R.E movement, the moment he realized he needed to keep his finances in check and steps on how he achieved that in just six years. ‘I found myself unemployed, unhappy, broke, college dropout and I wasn’t empowered or have any control over my life….” He continued to add: “...I was 27 years old at the time and I thought to myself, I said you know what, when I was born, when I was a baby, six months old, can’t walk, can’t talk, can’t feed myself, I was worth $0 as a baby and yet I’m 27 years old and I’m worth, less I was worth when I was a baby. That can’t happen, this is ridiculous. So that was kind of the wake-up moment for me” Before embarking on the F.I.R.E movement, he was working at a car dealership and earning between $40,000 to $60,000 annually. He started saving up to 50 percent of his income and by cutting down on his spending habits, soon he was able to save around 70 percent of his annual income. Growing up as an orphan Although so far, Jason has achieved a lot more than most of his peer, however, he never dreamt of accomplishing all this as his upbringing was rough. As a kid, his mum died and his father left which led him into the hands of his foster parents. He had to rely on himself most of the time while growing up and dissociate from his family. When talking about his support system while trying to F.I.R.E, he stated that he did not really get any support from his family or friends. Instead, he was constantly mocked by his colleagues on his newly acquired frugal lifestyle. He said: “When you start changing your life and start doing things dramatically different, most people aren’t going to understand that and it’s hard to support something you don’t really understand”. Even his best friend did not really show a lot of support. “People are funny,...” he said and described the people around him to having the ‘crab mentality’ in which if crabs are kept in a bucket, if one crab tries to climb out, then others try to drag him back in. He continued: “I found out that a lot of people in my personal life had that mentality where if they can’t have it, neither can I”. This added more ‘fuel to his fire’ he said, and made him more determined to prove them wrong by attaining his goals. He mentioned eating ramen noodles for a year straight as one of the ways he cut back on spendings while trying to adjust to his new lifestyle and managed to save almost 60% of his income. Investment Strategies As a loyal follower of Warren Buffett, Mr. Fieber believes one must only take on investments in companies they are able and willing to share their growing profits and have the interest of shareholders at heart. He continued to say: ‘’When I first started investing, I wanted to invest in easy to understand business models, simple business models, companies that made a lot of money and companies that rewarded me with my fair share of that growing profit because publicly traded companies are ultimately owned collectively through the shareholders’’ Jason emphasized that the only type of investments he does, has been doing and will continue to use is ‘’Dividend Growing Investing’’. Just like Buffett, he only invests in companies that socially responsible like Coca-cola, Apple, whose products are always in demand. His portfolio includes many such companies. The goal is to make sure you have enough growing dividend that can cover your essential bills -housing, food and transportation, and that means you are free to do what you want and not have to depend on a paycheck anymore. He explained the pros and cons of Index Funds and Individual Stocks and why he prefers one over the other Read more on: https://www.investitin.com/how-to-retire-at-your-30s-interview-with-mrfree33/ |
| Category | People & Blogs |
| Tags | how to retire in your 30s | how to retire early | how to retire | how to reach retire early | how to reach financial freedom | early retirement | retire early | personal finance | financial independence | retirement | financial independence retire early | how to retire with money | how to retire rich | financial freedom | fire | MrFreeAt33 | how to invest money | how to save money | save money | wealth management | manage finances | financial advice | learn to invest | cryptocoin.news | investitin.com |
