How to Retire Early: The Step-by-Step Guide to Financial Independence

"you're going to divide this number by 04 or 4% and then you're going to divide this number by 07 or 7% this gives us a range of $1 million to 1.75 million"

"the properties are going up in value over the years and the cash flow starts to increase because as the property value start to go up guess what else happens the rental prices also start to increase"

"I started diversifying I started getting involved in the stock market investing in dividend paying funds dividend paying stocks which then also pay cash flow"

"if you were to invest $1,000 a month and you do this for the next 40 years assuming you can grow your money by 10% a year and you have a small little 1% fee how much is the small little 1% fee going to cost you well based off of this example this 1% fee is going to cost you over $1 million in fees"

"what we've seen throughout history is that if you look at it over a long enough period of time the passively managed funds generally outperform the actively managed funds especially after you factor in the fees"

"Warren Buffett did a test on this where he bet against some of the highest paid money managed some of the the best money managers in the game and what he said is if you put your money into a lowcost Index Fund you would outperform the money managers"

"you want to put your money into these things that are going to pay you with cash flow again dividends rental incomes and high yield savings accounts"

"we're going to continue to see more downturns in the future we've seen a recession or market crash every decade for the last century it's going to continue happening"

"be fearful when others are greedy be greedy when others are fearful because this creates opportunity for you to come in be greedy when everybody else is running away when people are panicking when people are freaking out when people are overselling that creates an opportunity for you to come in and purchase which gives you the opportunity to make big profits"

"the last thing you want to do is you enter retirement early you have a lot of money but you don't know how to use your money and you don't know how to live in this retirement time"