Script #225

Achieving Financial Freedom: Can You Retire by 40? | TikTok

Original Script

When I tell people I want to retire by 40, they think I'm joking but I've done the maths and it's 100% possible. So at the moment I'm 24 and I have 75,000 pounds in savings and 58k of that is invested in the stock market. So to retire at 40 I need enough impassive income to cover my basic life expenses. To live a basic life I would need about 35,000 pounds a year to live off. To live a decent life I would need about 50,000. I am actually happy with the more basic things in life so that's why it's lower but for other people it might be higher. So how much do I actually need to have invested to live off my money passively? So there's this thing called the 4% rule and it's basically where you can withdraw 4% of your portfolio year-on-year without running out of money. And that's because most of my money is invested in the S&P 500 which has historically returned on average 8% year-on-year. So to pay myself a 35k salary for doing nothing I would need 875,000 pounds invested. To get 50k a year I would need 1.25 million invested. So if I never invested another penny my investments would grow to 255,000 by the time I'm 40 but that obviously isn't enough for me to live off. So here's my actual plan. If I want to reach a goal of retiring by 40 mathematically I would need to invest 2,000 pounds a month and at the moment I'm only investing about 1.5k or less and that's from living at home. So you're probably wondering how you're going to do it then because your circumstances are going to change when you move out and all of these various factors and the answer is to increase my income. I plan to increase my salary and increase my side hustles so that I'm able to put more aside into my investments every single month. Also when I say I'm going to retire by 40 that doesn't mean that I'll stop working completely it would just mean that I'll stop retire so I'll just work on things that I want to work on. So what do you think about the goal? Do you think I can achieve it? If you enjoyed this video give it a like and follow for more personal finance and investing content from me.

Provocative Version Ready

**VIRAL REWRITE:**

Everyone thinks I'm INSANE for wanting to retire at 40. But while you're working until 70, I'll be sipping cocktails on a beach. Here's how I'm beating the system...

I'm 24. I have £75k saved. £58k is making me money while I sleep in the stock market. And yes, I know what you're thinking - "that's not enough."

Plot twist: You're wrong.

Here's the math they don't want you to know. I only need £35k a year to live. Not the flashy lifestyle everyone's chasing - just freedom. You know what that means? I need £875k invested using the 4% rule.

Wait, what's the 4% rule? It's literally free money. You withdraw 4% of your investments yearly and NEVER run out. The S&P 500 returns 8% on average. Do the math.

But here's where it gets spicy... If I stopped investing TODAY, I'd only have £255k by 40. That's poverty money.

So here's my controversial plan that financial advisors HATE: I'm investing £2k monthly. Currently doing £1.5k living at home. When I move out? I'm increasing my income instead of lowering my investments.

Side hustles. Salary negotiations. Multiple income streams. While everyone else makes excuses, I'm making moves.

"But what about inflation? What about emergencies? What about life?"

Here's the kicker - retiring at 40 doesn't mean I stop working. It means I work because I WANT to, not because I HAVE to.

Your boss can't fire you when you don't need the job.

Think I can pull this off? Or am I delusional? Comment below and follow for the journey - I'll prove the doubters wrong.

Actions

Video Info

Title:

Achieving Financial Freedom: Can You Retire by 40? | TikTok

URL: https://www.tiktok.com/@miarosemcgrath/video/7465810957835554081

Search query:

financial freedom retire early

Category: Finance

Score: 0.74

Script Info

Status Modified

Original length 2096 chars

Created Mar 14, 04:58