Script #219

Achieving Financial Independence: My Plan to Retire Early - TikTok

Original Script

I'm set to software tire in my early 40s. Here's exactly how I'm doing it. So at the moment I'm 24 with 70K in savings. But my goal is to get to 875K by the age of 40. And that's because this is the amount that I need invested in order to live off my investments passively. So how did I get to this number? Well it's based on the 4% rule, which is where you can withdraw 4% of your portfolio every year without running out of money. And that's because the global stock market on average returns 10%. But you can bump it down to 8% because of inflation. So if you withdraw 4%, you'll still be left with some growth. So having 875,000 saved and invested at this time would allow me to have a 35K salary completely passively. In order to achieve this, I need to save 1,300 pounds every single month for the next 16 years. When I was living at home, I was doing this automatically because it's what I would have spent on rent and bills. But now that I've moved out, it is a little bit more difficult. But I've managed to achieve this through side hustles. And I've been saving this if not more every single month. I can smell the comments already. 35K isn't going to be enough for you in 16 years. Maybe worth less in the future, but I'd rather have that than nothing. And not only that, I said soft retire, not fully retire. So in my 40s, I'm still going to be living life and perhaps working on personal projects. It would just mean that I have total financial independence and freedom. If you enjoyed this video, give it a like and follow for more content from me.

Provocative Version Ready

**STOP scrolling if you think retirement at 40 is impossible.** I'm about to expose the ONE number that financial advisors don't want you to know.

I'm 24. I have 70K saved. And I'm going to be financially FREE by 40 while you're still grinding for your boss.

Here's the secret they hide from you: You only need 875K to never work again. Wait, WHAT? That sounds like nothing compared to what "experts" tell you, right?

They're LYING to you about how much you actually need.

Here's the math they don't teach in school: The 4% rule. You withdraw 4% yearly and NEVER run out of money. The stock market returns 10% average. Minus 2% for inflation = 8%. Withdraw 4%, keep 4% growth. BOOM.

875K gives me 35K per year. FOREVER. Passively.

But here's where it gets INSANE. I only need to save £1,300 per month for 16 years. That's it. That's literally what most people waste on rent anyway.

"But 35K won't be enough!" WRONG. This is SOFT retirement. I can still work on passion projects. But here's the difference - I'll have TOTAL freedom. No toxic boss. No mandatory meetings. No begging for vacation days.

While you're stuck in the rat race at 40, I'll be living life on MY terms.

The question is: Will you keep making excuses or start saving that £1,300 TODAY?

Drop a 🔥 if you're ready to escape the system. Follow for the exact side hustles I use to hit this number every month.

**Your 40-year-old self is watching. Don't disappoint them.**

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Video Info

Title:

Achieving Financial Independence: My Plan to Retire Early - TikTok

URL: https://www.tiktok.com/@miarosemcgrath/video/7492487939893497110

Search query:

financial freedom retire early

Category: Finance

Score: 0.78

Script Info

Status Modified

Original length 1563 chars

Created Mar 14, 04:55