The Path to Early Retirement is Possible, Not Impossibly Hard
You often tell us that your second financial concern is retirement planning. Many listeners seek our help with retirement planning when they’re in their 40s and 50s. Today we talk about the path to early retirement and late retirement planners planning. For help with late retirement planning, download our exclusive Magic Money Calculator and Retirement Checklist.
An Unconventional Path to Early Retirement
Todd Tresidder of Financial Mentor is our Queer Money™ guest this week. Todd graduated from the University of California at Davis with a B.A. in economics. He overcame getting fired from his first job and built his own wealth as a hedge fund investment manager before “retiring” at 35.
At the encouragement of his wife, Todd teaches advanced investing and advanced retirement planning principles to his clients and anyone and everyone who will listen. He is the author of How Much Money Do I Need To Retire?
Rather than the traditional retirement plan of working 9-to-5, saving money in a 401(k) and then investing in the stock market, Todd recommends an unconventional method of retirement planning that was part of his early retirement plan.
Todd sees the traditional plan as saving and investing as much as one can and then spending as little as one can so they don’t outlive their money. Todd’s model for early or efficient retirement planning is capitalizing on models of cash flow, including paper assets (stocks, bonds, and mutual funds), personally owned businesses and real estate.
If you’re not good at all those things, don’t worry. Todd’s got you covered. His first recommendation to you to start your early retirement plan or your catch-up retirement plan is to take his FREE 52-week e-course. Don’t forget to get our super-helpful retirement calculator and checklist.