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Government Employees Able to Retire at 39.

Mai72

Mai72

Lifer
When I started to watch this video I thought maybe they came into some type of inheritance. They just saved and worked their butts off for less than a decade to be able to retire at such a young age. And, they have 2 kids. And, they are government employees with average salaries. I know that this is far from the norm. When we had the goyernment shutdown months ago, so many workers were desperate for money. I wonder how many of those people went back to their same money habits. I'm sure most did. Goiod for these people.

 
Mai72 said:
When I started to watch this video I thought maybe they came into some type of inheritance. They just saved and worked their butts off for less than a decade to be able to retire at such a young age. And, they have 2 kids. And, they are government employees with average salaries. I know that this is far from the norm. When we had the goyernment shutdown months ago, so many workers were desperate for money. I wonder how many of those people went back to their same money habits. I'm sure most did. Goiod for these people.

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You are relentlessly obsessed, dude.
 
BoomerD said:
Jealous much?

Join the US military at 18, put in 20 years. Retire at 38...go to work for another government entity, (while collecting your military pension) retire at 65 with TWO pensions...the second USUALLY much more lucrative than the first.
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The trick is being able to put up with military bullshit for twenty years.
 
I take what most people say on youtube with a grain of salt.

Without watching the video you only need look at the vid description loaded with multiple sources of income.
 
Mai72 said:
I didn't mean to upset so many. 🙁🙁🙁

I just thought it was an inspiring story.
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That's not an inspiring story though: it is an Amway ad. That is what we are commenting on, lol. That thing was made to sell you/us some shit and get scammed into a pyramid scheme.
 
I can't recall the exact numbers but I checked at work and I can retire at 67. I can optionally take early retirement at some point but it's almost not worth it, may as well work all the way through and get the full retirement.

Though ideally I'd like to come across a large sum of money at some point so I can retire earlier. Key is to find a way to reduce costs of living too so whatever money you have can go further. There's no sense of retiring if all your money is simply covering your costs of living and you have no room for any toys etc.
 
balloonshark said:
I take what most people say on youtube with a grain of salt.

Without watching the video you only need look at the vid description loaded with multiple sources of income.
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What is wrong with having multiple sources of income that create enough income to not have to work>>>???
 
BoomerD said:
Jealous much?

Join the US military at 18, put in 20 years. Retire at 38...go to work for another government entity, (while collecting your military pension) retire at 65 with TWO pensions...the second USUALLY much more lucrative than the first.
Click to expand...

I would not really call that retirement, if you go right into another job and work for another 30 years.
 
I do think people in the US need to pay more attention to saving as opposed to buying stuff (although that helps my investments). But I also wonder how well the FIRE movement will do in the next recession. Hopefully they do well (because it's not that bad of a recession) but I tend to be much more pessimistic about what will happen to investments in the future and the effectiveness of personal income loss backup plans
 
Either put up your brokerage statements, W-2's and 1040's for the past ten years or I call BS.

Nothing but farming for that sweet ad click revenue is what these folks are doing.
 
I know it's a thing to say "retired" when someone means "I left my traditional job" but c'mon, if you have side hustles and youtube channels, you aren't retired. Which is fine. But let's call it what it is - self-employed. It seems like everyone who claims to be retired early also wants to label themselves as FIRE (financially independent/retired early) but I wonder how many are actually still working for income. And they all seem to have blogs and YT channels.

In fact, if you don't have a traditional job, doesn't the side hustle now become your new job?

It's great that people can choose to walk from a traditional job if they hate it and still get by financially. I just wish they didn't call it retired, as though they have entered the rarefied air of zero work.
 
zinfamous said:
That's not an inspiring story though: it is an Amway ad. That is what we are commenting on, lol. That thing was made to sell you/us some shit and get scammed into a pyramid scheme.
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I wonder if the video showing in the OP, is the one that he originally posted, or not?

More than once, in the hardware forums, I've seen videos posted, that CHANGED a week later into something else. One even with a cover that was NSFW, that was most definitely not what was originally posted.

There's something "not right" about how the YT embedding works on these forums, and may not be the OP's fault. Just saying.
 
Dr. Detroit said:
Either put up your brokerage statements, W-2's and 1040's for the past ten years or I call BS.

Nothing but farming for that sweet ad click revenue is what these folks are doing.
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I could potentially see it although my guess is they are overselling the 'average' part of themselves. Sounds like they are in CA and the dude went to law school so I am guessing the average federal salary in CA of $85k would probably not be too far off the average between the two of them. Also sounds like they started doing real estate stuff in 2013. CA median prices increased 50% while some (Like SF) have like doubled since then from what a quick google search tells me. And the strong run of stocks has continued. So if they were in CA - invested half of one federal income starting in 2013 they could reach $383,000 in VTSAX today. They bought their first house for like $450k and supposedly put sweat equity into it so they could conceivably have a real estate value close to seven figures. From video titles it sounds like they are planning on peacing out to a cheaper COL country so they might be able to realize a good chunk of the sale of property if they choose. If you throw in investing the remaining half of one income plus another $10-15k\year in side hustles into VTSAX you're up to $850k without any RE value (overly simplified as it is just stocks and assuming $90k annual contributions from the start because I am lazy but $650-750k seems not unreasonable). Throwing that extra into RE investments could have done even better in some CA areas.

So a lot of work and focus on the goal but also a lot of luck too (but more achievable than guessing to invest in NTFLX in 2013 which would be $2.3M instead of $850k)
 
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Mai72 said:
When I started to watch this video I thought maybe they came into some type of inheritance. They just saved and worked their butts off for less than a decade to be able to retire at such a young age. And, they have 2 kids. And, they are government employees with average salaries. I know that this is far from the norm. When we had the goyernment shutdown months ago, so many workers were desperate for money. I wonder how many of those people went back to their same money habits. I'm sure most did. Goiod for these people. my nordstrom unable to authenticate session,

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😛😎They're entrepreneurs
 
If I had toughed it out I could have had a basic government pension at 38.
But the Navy was making me miserable. And statistically guys who retire only live a so many years after their discharge. I'll have to go look it up.
 
I know a lot of people that "retired" from a job but had to keep working at another job to survive. As far as I am concerned, that's not retired. I'll work till I can support myself without working. If I get bored, I may pick up some work, but I doubt it.
 
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