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Why I Retired Early & How YOU Can Too #FIRE



Music: https://www.bensound.com/royalty-free-music
Stock footage provided by Videvo, downloaded from https://www.videvo.net
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Check out some of the great reading material on the subject of financial independence & Real Estate (beyond BiggerPockets.com ):
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Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence ( this is The Godfather of LEAN FIRE Book)
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018 (The first book written on FIRE)
The Wealthy Barber: The Common Sense Guide to Successful Financial Planning (it is an Interesting narrative personal finance story I enjoyed as a kid)
How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started
The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing
Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
The Simple Path to Wealth: Your road map to financial independence and a rich, free life
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How to Contact me:
My Facebook Group: https://www.facebook.com/groups/23242…
My Blog: http://www.25andfree.com/
Facebook: https://www.facebook.com/mrosehart/
Instagram: http://www.instagram.com/mikerosehart
Twitter: https://twitter.com/MikeRosehart
SUBSCRIBE: https://www.youtube.com/channel/UCe56…
Bigger Pockets: https://www.biggerpockets.com/users/m…

Mike Rosehart Business & Coaching Inquires: 25andfree25@gmail.com.
If you want to speak with me on the phone or over skype for 1 on 1 coaching calls, I have decided to make myself available on a limited basis (so long as it doesn’t infringe on my Freedom too much – Family is important too!). Given the availability in my calendar is limited I have to charge $99/hour to ensure I don’t get swamped with requests that I cannot respond to for months. That said, most of what you need to know is out there on Youtube and in my videos. I look forward to hearing you.

Mike has a true rags to riches success story that proves anyone can do what they set their minds to. He grew up in poverty bouncing from home to home and realized at age 17, when he moved away for college, that there was this early retirement movement – nicknamed the “FIRE Movement.” It was there, in his college dorm-room that he set out to be the youngest retiree, and retire in only 7 short years (17 to 24 years of age). He achieved the goal of becoming a self-made millionaire, with a young family, at the age of 24 through hard work, extreme frugality, and astute Real-estate investing.
Today, Mike (26) works hard to share what worked for him, what didn’t, and to help educate others on all things Real-Estate and personal finance. He is now on a mission to help educate & assist others on all things Real Estate as they unlock financial independence for themselves! He recently co-founded a full service real estate investment management firm (RightWay Management Inc.) in London, Ontario that specializes in helping investors unlock much higher than normal market returns so that they can unlock early retirement through rental income cash-flow (averaging $1000+/month per property he partners with investors on). He is currently scaling up very quickly, acquiring over one property per week in London with investor partners. Mike has been involved in purchasing 50+ deals with investors & friends in the last 2 years. Subscribe to follow Mike on his journey to help others unlock financial independence!
Disclaimer: I make no representation or guarantee to any of the information or advice in this video. These are just my thoughts & opinions and should not be relied upon as legal or professional advice.

I’m a huge fan of these two bloggers, so check them out:
Pete Adney’s Mr Money Mustache (www.mrmoneymustache.com )
& Early Retirement Extreme (Earlyretirementextreme.com)

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13 Comments

  1. I call BS. Your work is full-time content writer and social media. Without that revenue you will be broke by the time you're 50 or 60.
    Also, a divorce will be fun

  2. Very nice, I just saved money for years and stopped working to go back to uni and living on my saved money atm (uni is Far less expensive than in the USA here)

  3. I am a bit confused regarding taking out RRSP early before retirement don't you pay the early withdrawals from your RRSP are immediately subject to withholding tax exception to those first time home buyers and going back to school.

  4. My first daughter's entering our family was 100% the trigger to eliminate all 'bad debt', optimize expenses like crazy (sacrifice and delay gratification included), invest like crazy, and educate myself in financial literacy. Now, 8 years later I am spending a mini-retirement with my kids (and power rack and expanding knowledge) having given up my semi-lucrative but over-burdened job. This sabbatical will delay my foray into direct REI, however I'm only willing to take a next step that has set limits in place (limited work week/2 months vacation/work from home/etc) and permanent ownership. 3 independent industries have approached me (2 outside of my historic niche) – and all 3 areas appear to have needs that are easily filled with a bit of intelligent unfettered design. Give folks value that is above expectations for the personal joy of a great job – grow mastery in undeserved niches – always expand knowledge and network – and consider choices on a 10 year timeframe (not in the moment) and most anyone can realize insane freedom. Thanks for keeping these chats coming Mike – we collectively need this knowledge shared and you are providing society with a great social service mate 🙂

  5. awesome content..and all for free 😀

    Mike, I´am 21years old, from germany and currently doing a further education which lets me with just 1200€/month(800 of that is debt with I dont have to pay back fully). I do safe about 300€ of that and currently got around 3000€. What would be your way to invest it? My key expertises are cars, electromobility, fitness and nutrition. THANKS A LOT 🙂

  6. So I would contact that property management company you partnered with if I had questions about my rental with you? Looking to get a copy of the lease.

  7. Saving 4k a month, but unsure about the market. I think we are at the top. Should have close to 80 to 100k saved by end of year. Dont want to rush and invest it all at once, but also want that cash flow

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