so you want to retire by the time you're 30 it is possible to retire when you're
young but you're gonna have to play your cards right and you're gonna have to get
your debts in order in order to make it happen it's gonna require a lot of hard
work and a lot of smart work but it is possible if you actually want to make it
happen so according to the dictionary the definition of retiring is to leave
one's job and cease to work but I think of it a little different than that my
definition of retirement goes like this if you've got enough money rolling in
that you don't actually have to work then in my opinion I'd say that you
could label yourself as retired now my guest today is gonna tell you exactly
how he retired by 27 years old and now he gets to choose exactly what he wants
to do with his time every single day he's not required to work to pay his
bills because his debts have long been paid off and because of his investment
strategies he now just pays off his remaining bills using dividend income I
wish I made enough dividend income to actually pay for my life he even built
his home by watching youtube videos and that's freaking awesome and now he's
sharing his experiences on YouTube to help others gain some serious financial
insights now check out Kai from the 20 for life channel and be sure to
subscribe his channel deserves some serious attention and he's a lot more
entertaining than I am so check out his channel after the video and be sure to
subscribe and tell him thank you from the honest finance channel I'll leave a
link in the description and now over to you ok thanks Jason
hello all so if you're watching Jason's channel right now you're probably pretty
for thinking when it comes to your finances which is great because that's
the first step now I'm gonna build on top of that and
share with you the things that I wish I had known when I first started out on
this path here are the 5 key things that helped me build a life free from the rat
race and that daily grind of showing up to a nine-to-five job and they're listed
in the order of importance so get your pen and paper ready I'm gonna go
number one is to minimize your expenses I recently made a video where the only
financial goal that anybody really should have is to get their expenses
down to zero now there's a little bit of tongue-in-cheek there but there is a
truth to it in the sense that it sets your mindset up of thinking about how to
minimize your monthly expenses as you grow your income and this is the first
real step on creating that path towards financial freedom is control your
expenses while you grow your revenue streams or your income you're probably
you're wondering well how do you get started it's really simple the very
first thing you got to do or the first thing that you adhere to is don't try to
look rich and don't try to eat like the rich those are the two biggest expenses
in anybody's life trying to keep up with the Joneses is a one-way ticket to
sticking to that job that you don't really want to be in for the rest of
your life number two increase your time it took me
until I read the 4-hour workweek by Tim Ferriss and so I really understood what
this meant what it really means is you've got to be more effective and
efficient with your time both at home and at work
you want to protect your time as if it's sacred because it is no amount of money
in the world can take you back in time or buy you more time and when I finally
understood this I was able to shift the system's I was working with and instead
of working 50 hours a week at the same company in the same position I was then
able to reduce it to five hours a week there's obviously a lot of other stuff
in the middle that I have to do to get there but it was more important of how I
looked at problems and how I shifted the system to set that up and with that
extra time I didn't just sit back and relax I was setting up new income
streams and taking on new classes and learning new things to expand my skill
set I know that's not plausible for a lot of us out there right now but what I
challenge you to do is try to think of three things that you can do in your day
to help reduce or change the system how you're doing it that can free up 30
minutes in your day that I want you to find a way to open up 30
minutes of your day by changing three different things number three generating
a second income now this is something that is crucial in this patent it's
because I can't think of a single individual who has been able to retire
young or early who didn't have more than one revenue stream you can start down
this path very simply by you simply freelancing jumping on the internet and
finding sites like upwork 99designs fiber anything we can leverage your
skill set or your ability to teach somebody something or even make things
number-four continually expand your skill set and learning no exceptions
here you must have a growth mindset now I've been fortunate to meet a lot of
great minds who also happen to be very financially successful and I can tell
you that even though I may not agree with the philosophies or their agendas I
can tell you that zero percent of them had a stagnant mind growth they were
always trying to consume and learn more number five and the last one is
incremental forward movement which means that we're all gonna fail I've failed so
many times it's far out ways and times I've succeeded however whenever we fail
we want to fail forward meaning that we're always moving towards our goals a
lot of times we make the mistake of failing and we quit when we go backwards
the reason is we often think of success is one large giant leap or one giant
movement but that couldn't be further from the truth
focus on the micro or the small successes I didn't just wake up one
morning with a portfolio full of stocks and rental properties and all these
other investments it took me nearly a decade of taking small micro steps and
that's my list of five things that can help you retire before the age of 30 or
just help you be able to set up that path that you want to get towards
financial freedom and again my name is Kai and I'm just a normal guy and was
able to leave his job at 27 and build my own little dream home out in the country
and now I spend my days doing whatever it is I want to do making videos is one
big part of it where help share what I've learned and help
other folks just like you walk the path that you want to be taken and on my
channel at 24k light hopefully Jason will put it up right
here that you can click on it's all about developing the habits and the
techniques that can help you get out of that daily grind and if you can't get
out of the job quite yet at least it'll set you up to get out of it eventually
big shout out to my friend and fellow youtuber Jason thanks so much for let me
join you this video if you found this video helpful please give Jason a like
and a comment down below and if it's your first time definitely subscribe to
this channel there's great stuff on there and don't forget to come and check
me out on my channel there'll be links on the FN in this video just click on my
face and you'll be able to subscribe and see the upcoming videos that I have
coming out I would love to get to know you more in my comment sections thanks
so much for tuning in and I'll see you guys all on the other side