Particle Data Platform
Money Guy Show

He’s Working 60 Hours a Week to Retire Early… Is It Worth It?

5/25/202657 min

Skylar (23) and Milet (26) are already living like financial mutants. They're saving 25%, maxing Roth IRAs, and sitting on a net worth of nearly $300,000, all while Skylar works three jobs and DIYs 1,800 square feet of backyard pavers on weekends. But the system that got them here might be holding them back from the flexibility they're building toward. We reveal the solo 401(k) opportunity that could save them nearly $7,000 in taxes annually, show why their 457 accounts are perfect for early retirement, and map out how they could reach their more beautiful tomorrow by 50-55, even if they drop to one income with kids. Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Clips

Young Couple, $300k Net Worth
Three Jobs, No Rest
Water-Softener Impulse Buy
Spending Reality Check
Car Lease Ultimatum
Life Without Spreadsheets?

Transcript preview

First 90 seconds

  1. Milet· Guest0:00

    So good, so good, so good.

  2. Speaker 10:02

    Everything you want for summer is at Nordstrom Rack stores now, and up to 60% off. Stock up and save on the brands you love like Vince, Sam Edelman, Frame, and Free People. Join the Nordie Club to unlock exclusive discounts, shop new arrivals first, and more. Plus, buy online and pick up at your favorite Rack store for free. Great brands, great prices. That's why you Rack.

  3. Skylar· Guest0:25

    Study.

  4. Beau Hanson· Host0:28

    And play [laughs] come together- Come together on a Windows 11 PC On a Windows 11 PC. And for a limited time, college students get [bomb exploding] the best.

  5. Skylar· Guest0:35

    Of both worlds.

  6. Beau Hanson· Host0:37

    Of both worlds. Get the unreal College Deal, everything you need to study and play with select Windows 11 PCs. Eligible students get a year of Microsoft 365 Premium and a year of Xbox Game Pass Ultimate with a custom color Xbox wireless controller. Learn more at windows.com/studentoffer. While supplies last. Ends June 30th. Terms at aka.ms/collegepc.

  7. Skylar· Guest0:56

    We're so focused on, like, what's happening tomorrow- Yeah ... and right now. We, we're not thinking, like- We see the next- ... one to two, three years in the future.

  8. Beau Hanson· Host1:02

    So let me ask you this question. There's a whole lot of life that's gonna happen between now and the time that you guys turn 50. Job changes, family changes.

  9. Milet· Guest1:09

    Yeah.

  10. Beau Hanson· Host1:09

    We so desperately wanna have the entire plan planned out. If something were to deviate, if something were to throw you guys off of your plan right now, how would you handle that? [upbeat music] How old are you guys?

  11. Skylar· Guest1:24

    I'm 23.

  12. Beau Hanson· Host1:25

    23.

  13. Milet· Guest1:26

    I'm 26.

  14. Beau Hanson· Host1:26

    26. How long have y'all been married?

  15. Skylar· Guest1:27

    August of 2024, so about- A year and a

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click "Accept All" to consent, or "Decline non-essential" to opt out of non-essential cookies. Read our Privacy Policy.