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Build Wealth Canada Podcast

How to Retire at 33

05 Apr 2015

Description

Today I'm excited to have Justin on the show who actually retired at the age of 33! This is a huge 2 part interview where we talk about everything from how he was able to retire at 33, to what he invests in, and we even cover other subjects like how to save money on vacations and how he manages his money so that he never has to work again. Lastly, Justin gives us some great tips that you can start applying today to retire early. Links and Resources Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments. Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest Justin has a great blog at RootofGood.com where he talks more about how he was able to retire early, and gives more details on the strategies he uses. Questions Covered: Tell us your story and how were you able to retire at 33? How much do you need to make per year to retire? What did you do during the 2008 crash? How did that affect you? You bought a lot of equities during and after the crash, how did you know that it was the right time to buy? What was your asset allocation like before retirement and after retirement? How are you withdrawing your money during retirement so that you don't run out? If you could go back to when you made your first investment, what advice would you give yourself? Are you an index investor, a dividend investor, or do you use another strategy? What would you do differently knowing what you know now? You earned 11 scholarships when you were in school, do you have any tips for students looking to get scholarships? On your blog you also talk about cost saving vacation strategies. Can you give us some tips on that? Is there any other wisdom that you can share so we can all retire earlier?

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