I reached LeanFire in 2018 at the age of 53. Won't get to FatFire until I can access my 401ks at 59 and a half. I only work about 18 hours a week to pay for health insurance and keep from dipping into too much savings to pay low monthly expenses. I love all my free time and being free from the rat race. My burn rate is very low also. Since I'm only 55, trying to be cautious. House is paid. No debt. I never made over 39k in one year. I think my average salary was probably 27k overall. Spend way less than you earn and invest as much of the difference as you can. It is very doable, especially for couples, but most people don't have the discipline to do it I think. I never had that luxury. I did it alone. Congratulations to you and love the vids!

@randomvideosn0where

4 жыл бұрын

Congrats on your FIRE! I've considered retiring at 40. Between ROTH contributions and outside investments I'm projecting well over $600k to bridge me to the point of drawing 401k/IRA earnings (plus HSA for healthcare).

@vanessasmiles849

3 жыл бұрын

Wow!! That is very inspiring thank you for sharing

@maidieuhanh

3 жыл бұрын

Congrats well deserved

The longer the 'uninteresting' part of this video went on, the more awkward the silent stares of T-Rex & co became. Congrats on your achievement!

@BeatTheBush

4 жыл бұрын

So some people will be like... okay.. old middle aged man with stuffed animals sitting there not talking... ROFL!

@TerranceYu

4 жыл бұрын

I started wondering about why the Snorlax was down... Was he sleeping? Or was he knocked out? Why was the kitty laughing at him...

@silviag3798

4 жыл бұрын

@@TerranceYu LOLcat laughs at everyone. I think that's why she's always on her own

@silviag3798

4 жыл бұрын

...I can't believe this comment got so many likes!

@Oneofakind123

4 жыл бұрын

I was more like " this joke is going om way too long", then I was more like" is this a joke, or is it real?"

Honestly?I laughed so hard in the beginning of this video.....and was delighted with the wisdom you gave towards the end. Thanks so much and keep up the wonderful work. Your friend, Maxine

@BeatTheBush

4 жыл бұрын

Thank you!

@halipatsui9418

4 жыл бұрын

Wisdom towards the end: "eat all the time? You cant really do that." I dont disagree tbh. Congratulations of leanfire btb. What next? Pulsejets?

isn't it amazing to be able to have a coffee late at night and not giving a damn about any potential effects on sleep as you don't have to wake up early. You're an inspiration

@BeatTheBush

4 жыл бұрын

I still don't like to mess up my sleep schedule. The great part is no alarm clock, no commute, no breathing in traffic fumes, less stress from traffic, no bureaucracy, I can go on and on.

Congrats Btb. Your channel produces a lot of valuable information. Thank you for serving humanity.

Oh Frances. You just crack me up. Congrats!! 🎉

@BeatTheBush

4 жыл бұрын

Thank you!

Congratulations! 🍾🎉 something for rest of us to aspire to. Hope u still do KZread- love yr videos :)

Good video. Congratulations! Paying off your house is smart.

Great video, congrats on becoming financially independent at such a young age. Cheers to that!

Congratulations Beat the Bush! 👍🔥🎈🎉

@BeatTheBush

4 жыл бұрын

Thank you!

My LEANFire is still a journey to end 2022. Glad you are trodding the path ahead and sharing your journey. Seeing your other videos of coming “out of retirement” after doing all you want to do and boredom starting to creep in. Good to learn about the roller coaster that i would go through when my turn arrives. All the best in your journey.

This video was hilarious. I loved to see you enjoying the peace and quiet while drinking coffee. lol

Congrats man! I know you worked really hard to hit this goal!

@BeatTheBush

4 жыл бұрын

I feel... I didn't work too hard... really hard to get off the normal job at least.

Congratulations! You are an inspiration to us aspiring investors. Keep the awesome content coming!

@BeatTheBush

4 жыл бұрын

Thanks!

Congrats Francis! You did it!! Thank you for your great videos and humble approach. 😊

@BeatTheBush

4 жыл бұрын

Thanks!

Great video. Thank you so much. I am going to pay off my mortgage next year! You reminded me of the very good reasons to pay it off. You are very inspiring and I appreciate your videos.

@BeatTheBush

4 жыл бұрын

I think of it as building a solid base to work off of. If you try to invest it, you don't have a place to live yet! So when I make more money, I will invest that instead.

Your pauses and slow delivery are such a witty flex 😂

Thanks for sharing your insights very inspirational and something I am working towards freedom😊

Congrats🎈🎉

Been watching your channel over the last few days since it showed in my suggested video feed. Lots of good topics you cover on saving money on the channel! Glad I found this channel.

@BeatTheBush

4 жыл бұрын

Thank you for your subscribing! Welcome!

Congratulations on reaching this milestone! Well done!

@BeatTheBush

4 жыл бұрын

Thank you!

👏👏👏You go boy!!👏👏👏👏 Some people just won't understand and keep dancing for master. Congratulations!!

@BeatTheBush

4 жыл бұрын

I'd say not working for the man is underrated. I used to think I would take a 50% salary cut to self employ but now that I'm living it, I might cut deeper like 60-70% because it really is worth it.

Congratulations!! You are amazing! Thank you for the video and keep it up!

@BeatTheBush

4 жыл бұрын

Thank you!

Congratulations! You're an inspiration to us all

@BeatTheBush

4 жыл бұрын

Thanks!

You must feel great! After watching your video sitting in a park in NY and talking about burnout, the first four minutes of this got me worried we might lose ya! Glad to hear you’re still enjoying being a KZreadr. Another good video!

@BeatTheBush

4 жыл бұрын

I do... when I make videos that I really want to make and not have to make.

15:00 I work at a payoff department, the paperwork was a reconveyance fee where we send a document that states that we no longer own the house. This is actually a fee by the recorders office. Sometimes they actually have a percentage of the amount you are trying to pay off as a early payoff fee. It is rare now but most mortgages had those. And be sure to ask the good through date to be a little bit extra as if they have a longer processing time and you might not have paid it off all together. The more you know.

You’re an inspiration. I’m going to work and get as close to financial independence as I can. Thanks BTB.

@BeatTheBush

4 жыл бұрын

There is that 10 Level of Financial Independence video you might like. It spells it out in steps. kzread.info/dash/bejne/lo6tt7anktTPpZM.html

I admire your determination. Wishing you all the best.

@BeatTheBush

4 жыл бұрын

Thanks!

Congratulations! I also paid a big lump sum towards my condo and then eventually paid it off with 8 years. I like when you said the secret is there is no secret. I agree 100%. Work hard. Spend minimal save and invest the rest.

Wow BTB congratulations. You are doing very good. An inspiration for other financially minded people.

@BeatTheBush

4 жыл бұрын

Thanks! Not the only way to do it but it worked for me.

Congratulations. You're an inspiration

@BeatTheBush

Жыл бұрын

Thank you so much!

I've done almost the exact same thing as BTB. Bought a modest condo, paid it off early (13 years), and have been stacking/investing a very large chunk of my income. I did it on well below 100k a year, so it's definitely possible for a lot of people.

@BeatTheBush

4 жыл бұрын

You implied being frugal I think. You wanna be frugal and have your own time and not be commanded to jump and you say how high? I choose being frugal. =D

@dcamnc1

4 жыл бұрын

@@BeatTheBush Yes indeed. I still work, but the bosses don't hold much leverage over me, and they know it. Having liquid assets and no debt gives you certain power and options.

@StefanUrkel

4 жыл бұрын

@@dcamnc1 I too bought a condo. I paid $245K for it and it's worth about $330K right now, about 4 years later. I am in the process of refinancing to a 15 year fixed at 3.15%, from 4.675% at 30 years. It will save me a lot in interest and allow me to pay off my home by the time I retire. It will require me to make an additional $300 per month in payments . If I were to keep my 30 year mortgage at 4.675%, I calculated that I would need to make an extra $600 or so towards principal to pay off by the same time. I hope I am making the right decision with this refinance. I can comfortably make the extra $300/mo payment but am wondering if it's the right move given the opportunity cost. I will be getting a pension worth up to $40K/year if I work 16 more years. If I leave sooner, I will only get a fraction of that. I need to max out my 401k (it is not employer matched since I work for the state and get a pension that they contribute to). Right now I only make $200/mo payments into that 401k and wondering if that extra $300 mortgage payments to accelerate my payoff would be better used by beefing up my 401K instead. Aside from that I have about $70K in a former employer's 401K which I now have in a Vanguard index fund. I want to get to where you are and wondering if you have any tips. My position maxes out at just over 6 figures, but I'm not maxed out yet.. and am $24K below that right now. I won't max out for another 2 years or so.

@dcamnc1

4 жыл бұрын

@@StefanUrkel Honestly, the only tips I can give would be to scale back the lifestyle through very detailed line by line analysis to free up cash. I would stick with the 15 year mortgage, so that you will be forced to pay off the condo by retirement, which is 16 years away; you don't want to carry debt into retirement, if possible, with your then lowered retirement income. Once you get the 15 year mortgage, I would do everything possible to lower your burn rate and increase income, applying remaining cash to the 401k. $200/month is too low, as you know; that's only about 3% contributions assuming 80k/year, though your 70k rollover is a nice start. I'm hesitant to give allocation advice, but I will say that I too will get a state pension. Since the pension is a (supposedly) guaranteed steady payout, I consider it to be the bond/stable/annuity portion of my portfolio, with my 401k/457 being a 100% stock position. You will have to weigh your own wants and needs on the allocation decision. You'll want to weigh your whole financial life, looking at what is a steady payout (pension, social security) vs your likely more volatile 401k/stock position, and not forgetting to factor in how much your real estate position is/will be. I see many many people pour everything they have into expensive real estate, leaving them with no liquidity at all, you don't seem to have done this, thankfully. Lowering the burn rate as much as possible is my best advice, I think BTB would agree with this as well.

@StefanUrkel

4 жыл бұрын

@@dcamnc1 Thanks! I appreciate the reply. I will have to see where I can lower burn rate. I kept my car after I paid off, and i've had it 6 years.. it still has a good 100K mi of life left in it, at least. car insurance, gas, cable/internet are expensive. i have also been spending a good bit on family vacations but feel it's for good reason due to family situation. But I will break down my expenditures and see where I can cut.. getting a total of 12% pay raise in July will help too.

I’m so far from lean! I feel a little discouraged 🙁 on the other hand, you are setting a great example for everyone. Congratulations!

@BeatTheBush

4 жыл бұрын

It takes sooooo long so don't get discouraged. Maybe look at the 10 Levels of Financial Independence video to get there on step at a time.

@CollosalTrollge

3 жыл бұрын

@@BeatTheBush Having the right partner also helps. Very difficult to address.

Love to u see u havin fun witit

@BeatTheBush

4 жыл бұрын

=D TY!

Congratulations BTB. As long as you happy that is all it matter.

@BeatTheBush

4 жыл бұрын

=D

Well done. You look really relaxed.

@BeatTheBush

4 жыл бұрын

More and more so than before. =D

This is absolutely brilliant, coffee slurping brilliant!

Love your vibe cool man

Lmao BTB has such a good sense of humor. Love it!!

@BeatTheBush

4 жыл бұрын

=D

OK you deserve it, take a youtube break. Congratulations. I also love a coffee in the afternoon and it's interesting how much I appreciate a coffee at FI in the afternoon. Thanks for the transparency.

@BeatTheBush

4 жыл бұрын

It's so unfortunate you have to limit it and not have too much caffeine. It just doesn't work drinking as much as you want.

This is great. Congratulations!

@BeatTheBush

4 жыл бұрын

Thanks!

I really enjoy watching this channel huge inspiration of mine !!

@BeatTheBush

4 жыл бұрын

Thank you!

I have heard of slow fi and now lean fire lol I love it! Definitely more attainable for most. And I think that can allow for focus on family, friends. ..just things that really matter happiness

@BeatTheBush

4 жыл бұрын

It doesn't cost that much to pay for the costs needed to gather some of your friends and/or family together. Totally worth the cost.

I am happy for you!❤️

@BeatTheBush

4 жыл бұрын

=D

I love these frugality and FIRE videos from you. You being an asian are a natural at that. Please keep making more of these. You have a charisma and are good to watch without getting bored especially when you talk about FIRE. Subscribed

@BeatTheBush

4 жыл бұрын

More FIRE vids huh? Sure!

congrats btb, and to others discouraged by how hard it can be to get there, remember the closer you get the better, its not an all or nothing proposition.

@BeatTheBush

4 жыл бұрын

Yeah... it's a gradient. Less money you need every month the less stress.

congrats!!

@BeatTheBush

4 жыл бұрын

Thanks!

Great idea for this video! very creative !

@BeatTheBush

4 жыл бұрын

Thank you!

I really thought the full 18 minutes would be about you making a coffee :) Well done.

@BeatTheBush

4 жыл бұрын

XD Like a friend I am entertaining, I feel I cant just sit silent at least.

Bush, you speak too much common sense for the common man that hurts to realize how simplicity can lead to financial independence. Appreciate your vids, very basic and down to earth. No hype, no fluff and nothing to sell.

Congrats dude!

@BeatTheBush

4 жыл бұрын

=D Thanks!

Congrats!!

@BeatTheBush

4 жыл бұрын

Thanks!

*Dang* *that* *is* *amazing* , *congratulations* !

@BeatTheBush

4 жыл бұрын

Thank you!

@GrowthMindsetProductions

4 жыл бұрын

@@BeatTheBush Of course! I enjoy watching your story. One day I will be able to say the same thing =)

Hahahaha you’re too funny! Congratulations 🎈🎊🎉 on reaching financial independence!

@BeatTheBush

4 жыл бұрын

Thank you!

This "uninteresting" portion is the hardest FI flex I've ever seen and I absolutely love it

i like your sence of humor, good one, u got my like.

@BeatTheBush

4 жыл бұрын

Thank you!

🤣I am sitting here with the flu 😷 and laughing so hard. Thank you!🤣🤣🤣😭

@BeatTheBush

4 жыл бұрын

You're welcome? I wish I know where people are laughing.

this was fantastic.

@BeatTheBush

4 жыл бұрын

Thanks!

Grats Francis.

@BeatTheBush

4 жыл бұрын

Thanks!

Congratulations with financial independence. Keep it up.

@BeatTheBush

4 жыл бұрын

I shall try my best!

1:00 part made me realised how edited yt vids are.

LOL! Hard-core fans are going to watch you, regardless. Silence, ambient lighting, coffee breaks, etc. all welcome here!

@BeatTheBush

4 жыл бұрын

I have the best hard-core subscriber group! I am so lucky! =D

Im envious 😎

Wow congrats! very inspiring.

@BeatTheBush

4 жыл бұрын

=D

Great insights as always, I’d like to hear what you’re thinking about the slowing economy and what strategies you suggest.

@BeatTheBush

4 жыл бұрын

I get skeptical when everyone says the same thing. It makes me think it might not happen.

@jacksuwanpradit6992

4 жыл бұрын

BeatTheBush caught me by surprise there, that’s actually true in many cases. I will take that perspective into account. Kudos

i fired 6 months ago at 48. got a part time job, 20 hours a week. paid off house, 100% debt free. love it

Congrats!

@BeatTheBush

4 жыл бұрын

Thanks!

Congrats, Francis. I look forward to seeing your Fat FIRE video someday soon. My strategy used to be more investing-heavy and mortgage-light until I had a change of heart and started dumping most of what we have saved into the mortgage and make it disappear for good. It has slowed due to our daughter's 529 but it's worth it IMO. It feels good to not have even this housing debt over our heads soon! I laughed when you stopped moving and speaking, followed by making yourself a nice cup of java. I'm guessing you'd travel more and eat more luxuriously when you reach Fat FIRE and if you do buy a Lamborgini, it'd be a used, older model. I don't think my spending would change much when we reach Fat FIRE, except for more Uber rides (I despise the MTA), eating out a bit more, upgrading my flights more willingly and possibly traveling an extra time or 2 in the year. Nothing else would change much ultimately. I think we become more of who we are when we become freer in life. Oh, and my husband can work on his own terms if he wants, duh!

@BeatTheBush

4 жыл бұрын

HA HAH AAH! Taking a breather when reaching lean fire. XD XD XD Seriously, I wouldn't travel more as I have a limit on how long I want to stay away from my own bed. I eat everything I want to eat already. Maybe have to burn money on dainty French food. Depends how much I have in FAT fire that dictates if I buy a new or used Lambo. Probably used since so much depreciation is taken by someone else! Else I'd be really trying to burn money?

@nataliet.8603

4 жыл бұрын

@@BeatTheBush Yea, let someome else take that steep depreciation burn. You prob can find a nearly-near Lambo at a great discount by buying used. I can imagine you doing a travel video, munching your way through Paris and enjoying the cafe scene.

I will strive for my leanfire as well. Thanks man!

@BeatTheBush

4 жыл бұрын

=D

@cassandra2646

4 жыл бұрын

@@BeatTheBush I wrote my plans now. My monthly barebones expenses cost $192.3 (this includes internet because internet is a necessity, lels) let us round it off to $200. That makes $2,400 annually. $2,400 in 25 years = $60,000 without considering inflation so I'm gonna shook it up to $100,000. I'm 1/4 there, so go me! I can do this. I'm in the Philippines so the cost of living here is much much smaller than in California.

Congrats Mr. BeatTheBush

@BeatTheBush

4 жыл бұрын

Thank you!

Congrats man.

@BeatTheBush

4 жыл бұрын

Thanks!

Wow! Such a young guy and you've already achieved financial independence! CONGRATULATIONS and most important there is no secret....I guess just having common sense. :D

@BeatTheBush

4 жыл бұрын

Don't buy too much stuff is an important aspect.

AWESOME DUDE WAY TO GO!!!!!!!!

@BeatTheBush

4 жыл бұрын

=D

Congrats

@BeatTheBush

4 жыл бұрын

Thanks!

Omg, love to see you make that coffee!!!!

@BeatTheBush

4 жыл бұрын

Hmmm... I suppose it's pretty unique the way I make it. I suppose I can make it to see what people think.

GREAT VIDEO. 👍👍👍

@BeatTheBush

4 жыл бұрын

Thanks!

Wow congratulations!!!!

@BeatTheBush

4 жыл бұрын

Thank you!

@applegreentech

4 жыл бұрын

cl west that’s so cool!

@linagee

4 жыл бұрын

"and were you live"

Great for you!!! congrats

@BeatTheBush

4 жыл бұрын

Thank you!

Generally u appear automatically on my you tube. Past few days your thumbnail was missing so I went searching for you.... The dead stare from your T Rex is creepy. IT looks alive & breathing.

Yes! Hate it when coffee gets cold. Just sit there silently sipping your coffee first for however long it takes. I'll watch. Then you can talk about whatever you want. Haha

@BeatTheBush

4 жыл бұрын

Morning muses? In a way, the pause is an important part of this video.

WOW! This video is so interesting.

This guy should do a collaboration with TechLead

@BeatTheBush

4 жыл бұрын

=D

I would love to listen to a longer video on this topic of grindding coffee🙂

@BeatTheBush

4 жыл бұрын

I have hand held coffee grinder. I try to refine it to make better and better.

congratulations!

@BeatTheBush

4 жыл бұрын

Thank you!

Congrats! Can not wait till I’m there. I also am saving money to either pay off my house or invest in another since they say we are supposed to have another recession soon. We will see!

@BeatTheBush

4 жыл бұрын

It almost feels like a recession will never happen just because everyone thinks it will. Lol.

Congratulations

@BeatTheBush

4 жыл бұрын

=D

Brooooo!!!!!!!!!!!!!!!!!! That silence was so loud. Congrats!

@BeatTheBush

4 жыл бұрын

XD XD

This was a funny video! Congrats!

@BeatTheBush

4 жыл бұрын

Thanks!

Bravo!

@BeatTheBush

4 жыл бұрын

=D

Well done! Good job! Inspirational! Just takes alot of "following the plan" kinda thing.

@BeatTheBush

4 жыл бұрын

Or just save all the time and don't go around blow money away.

Ha ha ha!!!! Thank you for the laugh!!! I needed that.

@BeatTheBush

4 жыл бұрын

=D

at 2:00 I felt that. the pain and sorrow of being alone in my home. I felt depressed that there were no another people in the house either. everyone's life going on and im just sitting on a couch

I don’t understand the dislikes Cause this was hilarious 😂 Love your videos Keep up

@BeatTheBush

4 жыл бұрын

Lol... dislikes will always happen.. the ratio is not that bad actually.

@bluecollarmoneyinvestingch396

4 жыл бұрын

144 people are jealous and wish they were retired ...

@UsamaNada

4 жыл бұрын

@@BeatTheBush ع

@auntyuber5127

4 жыл бұрын

Sanket, your a real buzz kill.

I love the uninteresting video parts. When he flipped the lights, then drank the coffee is the slowest motion ever...I almost died. This guy is hilarious....

Cool! Congrats man. Cool vid haha.

@BeatTheBush

4 жыл бұрын

Thanks!

Congratulations! Drinking my coffee, also.

The Trinity Study's 4% rule is only over 30 years. If you are expecting it to last longer then you need to be more conservative with your withdrawal rate. It is VERY difficult to forecast what is a sustainable rate for very long withdrawal periods. Just as small difference in growth can have a massive effect over long periods, so a small difference in withdrawal rates can cause a portfolio to completely to fall short even though it may appear to be doing well for a long time.

This video made my day 😆

Hey Great video!

@BeatTheBush

4 жыл бұрын

=D Thank!