Comments by "donaldlyons17" (@donaldlyons17) on "The Truth About FIRE - Is Early Retirement Actually Possible?" video.

  1. I think you understand the idea of having the basics is best because almost everything cost!!!!
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  2.  @crossfirehunter3652  Dude you are so right for most it could not have been possible. So many of the older generation do not have 1 million in assets outside their primary residence for the possibility to have even existed!!!
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  3. I think he is trying to caution people not to say we can't nor should try to do it. However he is building wealth on YouTube and the reality is the majority of people on the platform will not build much wealth on it. People like him are the exception which he is trying to explain an exception is not the rule!!!!!
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  4. No your being realistic and honest. The previous generation suggest many without great paying jobs (average and above average incomes) will not be able to fire even if they want to. Median net worth for 50-60 year olds is like 300K so it is not likely their kids will be averaging 1 million if their parents did not now is it?
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  5. Or the get a high paying job but your are totally right!!!
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  6. More complex than that. I meet a lady that was approaching 60 saving only 1K each year and having to depend on S.S. and an pension in retirement.
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  7.  @REgamesplayer  Yeah but problem is that saving alone only work if you have enough income and so many do not have great incomes conspired to their expenses!!! It is far easier to run out of money than to find a way to always have money and never run out.
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  8. Some of them do tell their followers that making a course and selling it to others is the fastest way they know to build wealth. Rayan S told us to make a channel (finance stuff) and sell people courses (b/c it made him 1Ka day and 200K by that point). Another lady Erica (she black and talks all the time but I think she is trying to be helpful) mentioned making a course and selling to for 100$ to 4,000 people (400K once complete.) And lastly Savage Finance said that customer service that tries to solve other people problems (a course, mentorship, in person real life business) is the best way he knows to make a lot of money. Not trying to be long winded but there are people trying to tell their followers the truth. Problem is for some of us the other factors will not align but all we can do it try!!!
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  9. Yeah they should account for that type of stuff!!!
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  10. Yep people seem as though they will have to choose to go without stuff!!!
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  11. Even if you only bought the basics fire is still almost impossible. With median incomes of 50K it could easily take 25-30 years to reach 1 million and that assumes 8% return on average!!!
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  12.  @zachb1706  Yeah but for a lot of people 1.5K is too much!!!! I know people in the 20-40's who don't even have 100$ each month they don't need!!!
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  13. Wait you made 56K not you do realize almost 1/3 of the working population does not make that amount right? Obviously you had your priorities but really? But at that income range stuff becomes possible where as in the teens and 20K income range lots of stuff is next to impossible!!!
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  14.  @ordinaryhuman5645  How you figure? You may be right but let me tell you about Angrei G one of the finance 4 on YouTube. It took him 8-10 years and multiple promotions, and renters etc to reach his first 100K. And his next took 3 years if I am not mistaken. Assuming he worked the same type of jobs I estimate it would take him 20-24 years in my estimation. If we assume he started at 16 and wanted to get to FI at 1 mill it would take him to almost 40. How many people will have the right factors for something similar to happen for them?
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  15.  @ordinaryhuman5645  Dude I tell everyone I meet that you do not want any job that does not train you for a ok income sooner rather than later. Or better yet you want to be in training for the job or jobs because skilled jobs are normally a better bet for livable incomes. I feel income matters if most people want to retire and remain in expensive parts of the world.
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  16. Yeah numbers do limit probabilities!!! I feel the majority of the entire population just never makes enough extra to fire to begin with!!
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  17. Yeah not to sound crazy but likely not. Those people on social media are not being honest about all the luck they had!!!!
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  18. Yeah that is some peoples entire yearly wage!! I can't understand why people ignore the math issue!!
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  19. 50 is still fast. If the median income is at 50K it takes almost 40 working years at that income to even get to 2 million made.... SO many don't have the excess income to save 100K on average every 5 to 10 years so how can they expect to retire without anywhere close to 500K to 1 million cash?
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  20. Even if he has 50K the question is how to have money while doing nothing to have more!
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  21. If you diversify your holdings you can't loose it all in 1 scam anyway!!!
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  22. You know how easy it is to get a good job? I would say it is far easier to have a bad paying job than a good one many of us will like...
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  23. Most people don't have the ability but some do!
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  24.  @eneco3965  Yeah I plan on working till death. My parents are millionaires but even with a trust fund I know I will work till death!!
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  25.  @DocOrtmeyer  SO you are no worst off?
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  26. Dude your not lying many labor jobs do destroy people bodies. I think the best solution is to try and build income that is scalable. Many love real estate exactly for that reason they can buy, maintain, and rent out multiple locations or rooms. I don't like renters because they seem to be too poor to pay rent as a collective and getting blood from a stone is almost impossible.
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  27. Well no money provides options but that doesn't mean they work.
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  28. They already have S.S. and Medicare.... But if people have lots of excess money they will likely be fine anyway.
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