We Achieved Coast FIRE! How We Saved $500k by 40

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Information We Achieved Coast FIRE! How We Saved $500k by 40

Title	:	We Achieved Coast FIRE! How We Saved $500k by 40
Lasting	:	10.39
Date of publication	:
Views	:	12 rb

Check out another family who achieved Coast FIRE much earlier than we did! youtube/m9A27E6lZP0
Comment from : Marriage Kids and Money

Is this calculation fore one person or a family? 555k for a 44 year old person or a two person household?
Comment from : David Nord

New subscriber you’re absolutely awesome! Easy to understand and you are natural God Bless from Oz Down Under
Comment from : Kimber1911

You can access retirement accounts at 595
Comment from : Elizabeth

Where do you get 15 employer match??
Comment from : Ryan

The 4 to family do you do tax deduction for those?
Comment from : Kim

Does nicole not have a traditional ira that she contributes to? And you had a 15 match??? Holy jeez
Comment from : Bryan Smith

I’ll have a small pension when I’m 57… really interested in this method! Would love to work part time or have a paid off farm to live off of!
Comment from : Sadie Esther

@1:40 am I seeing this correctly? Excluding the items not in your retirement accounts (home equity, cash, and 2 cars), this comes out to only $337k? Not exactly $500k if you ask me
Comment from : Dean BKK

are you on pills? you seem heavily medicated
Comment from : F S

Thanks for the info my man
Comment from : alexis Montoya

15 match?!! Hot diggity!
Comment from : Unknown T

Great video Andy!!! You are wise!
Comment from : Carol Ann Stevens

Thank you for sharing your family’s journey! brbrWe recently achieved COAST FIRE and by age 65 we anticipate having 5MbrWhile hubby is working full-time, we are still contributing to retirement, but not currently maximizing contributions as we previously have brbrWe both enjoy what we do, but in the nearby future we want to optimize time together as a fam, as well as visit are aging parents morebrbrAny advice for our fam of 4?
Comment from : Coremoney Coaching

$250K each
Comment from : muffemod

Great content! You have a great stage presence and I think this would be even better if you wore a lav mic Keep it up
Comment from : Clayton Music

I'm in my late 20's but this is great for retirement planning, never know how quickly you get old
Comment from : Katya Icebloo

Thanks for the VDO Its good to hear that you are enjoying your money 💰 😉 😎 with family once you have reached coast fire
Comment from : Irene H

Excellent video! I am in a similar situation, in my late 30's with the same savings status and just paid off my mortgage this year, (difference being I don't have a wife or kids) I definitely don't regret having no debt whatsoever, even though many circles debate the mortgage payoff early vs investing and keeping the debt For me, it was a risk adjusted decision (I'm in risk management) I love the Coast/Barista FIRE style and would rather work part time and live full time Planning to go from full time to part time in early 2022 Wish I would have known about FIRE in my twenties, but I am glad I discovered it in my early 30's Keep up the awesome videos!
Comment from : Jeremy Torgersen

Binge watching loads of your videos! Now subscribed too, love from the UK 🇬🇧
Comment from : S Gist

Great video Thanks for recommending this one Now next question You say “Most people know how much they make but not how much they spend” I am solid on the 401k investment and have hit Coast Fire but I need to budget Do you have a tool here?
Comment from : Kelley Shaw

you look great for 40 esp a white guy
Comment from : Novak D

Is this possible for a family on one income?
Comment from : PointerPapa

nice
Comment from : jacontre76

My wife and I love the concept of coast FIRE We’re hoping to slay our mortgage and hit cost FIRE via domestic geoarbitrage when we sell our home early next year I still plan to contribute to my 401(k) to at least get the company match for as long as I’m with them We’re hoping to buy a homestead property for cash when we move so we can put down some roots (literally and figuratively) and live life in a more sustainable way Our kids are still pretty young too, so being more present as parents is definitely part of the overall goal We also can see that we will likely be primary caregivers for both sets of parents as they are, so we’re aiming to have margin for that Once we hit coast FIRE, our life should become more flexible and, in turn, help our goals to become reality brbrThank you for the inspiring video!
Comment from : Thomas Byrd

Way to go Andy! That's quite an accomplishment!!
Comment from : Brad Long

I am curious if you have considered inflation in conjunction with coast FIRE, and what your thoughts are $3m or 120k/yr in 25 years won’t go nearly as far of course Great content, keep it up I ask not as a criticism by any means, but because this is a question I ask myself! 120k becomes the equivalent of 57k, while 60k turns into about 29k after 25 years @3 inflation 29k might be cool if you have 0 debt, no mortgage, and have your lifestyle and budget locked in, especially if you supplement with more taxable account investments, but is something we should all consider I think
Comment from : Joe Astorino

Great video Andy Loved the thumbnail Thanks for sharing some numbers
Comment from : Stuff They Should Be Teaching in School

I love the idea of coast fire but inflation scares me too much to cut back on contributions Love the videos, keep them coming!
Comment from : Nev

Nice video! If you don't mind sharing, what is the reason for 114k in cash?
Comment from : Andy Kline

Congratulations! Coast FI is a fabulous achievement
Comment from : The Campbell Family

🎙 ✔️🎙 ✔️
Comment from : Gunjan Amin

Your daughter on the podcast is unbelievably well spoken Has her IQ been tested? Seems incredibly bright Congratulations! Perhaps your backup retirement plan can be your daughter goes on to start a gigantic company and you can get some of that dividend sit on your butt money
Comment from : Dave Ramsey

What do you think of Coast FIRE?
Comment from : Marriage Kids and Money