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So when I get my retiement pay, which is half my salary, Ill have to pay tax on that too? 😔

I can’t tell you how happy it makes me to know that at age 55 I’ll be pulling out $50K+ per year of 401K earnings at a 0% tax rate after avoiding 35-40% tax rates on the front end! Thanks to the standard deduction and HSA limits. Then up through the 10% and 12% brackets for Roth conversions after that. I hope we don’t end up with a $5K standard deduction and 90% tax brackets by the time I’m actually 55! 😂

Thanks for compiling all this info into one video for us.

I prioritize my Roth IRA and Roth 403b so that I will have flexibility in retirement. Previously I funded my retirement with pre-tax contributions so I'll be on the hook for those taxes in retirement.

wow, the subtitles are weird in this video lol

Hi Zach, Thank you for your video, particularly the mention of “70% savings.” This idea has been on my mind for a while. I knew that saving 50% was a good start and would provide a buffer, but last December, my financial situation was quite different. I had no specific goal in mind when I decided on 70%, but I needed to feel secure and escape the endless struggle. Here’s the emotional journey behind this decision: When I don’t save, I feel like I have a lot of money, which makes me careless with my spending. Consequently, I earn less and have nothing to show for it. Saving 50% changed my perspective; it felt like that money was gone (invisible in my bank account). Despite the challenges of being a single dad, this forced me to scrutinize my income, now effectively halved. Guess what? I managed anyway. I liked this new feeling, but the progress was slow, which sapped my motivation. So, I decided to save 70% of everything that enters my bank account. If I get $1,000, $700 goes straight into savings, leaving me with $300. This approach also made me comfortable asking for higher rates because I only focused on the remaining 30%. For instance, if I want to earn $600 in reality, I need to make $2,000. Currently, I earn more in a week than most people around me make in a month, but it’s not visible because I live within my $600 budget (as an example). Now, I save more than I used to earn in total. This motivates me to ask for better rates, learn more, and do more, without fearing rejection. Yes, I liked my BMW, and it feels different driving an Opel Corsa now, but this shift has changed my mindset and emotions. Life is hard and nothing comes easy, but this approach has altered my overall attitude. When I do my weekly invoices, even though I’m tired and planning for the next week, I feel a small reward each time I hit send. I know that 30% will remain with me as I quickly transfer the rest to savings (tip: use a separate account that can be set to invisible in the total overview). I focus on living off the 30% as if it’s my 100%. By sharing my experience, I hope to give others who recognize these emotions some hope. For me, it’s not about how to save 70%, but about how to live on 30% as if it’s my 100%. Regards, Hans

Have a W-2? Check out how you can pay $0 Income Tax In This Video: ruclips.net/video/Qnk8Q97o1Zk/видео.html

So true .. asset allocation is key Risk vs and Reward

Wow .. Amazing Video Thank You for the share

Hi, Zach, Your videos are fabulous! I’m Simon Pan from China. Can we use your content?

The less you need, the more you have.

I calculated that cutting my own hair weekly, over the last 28 years has saved me +$25,000

Step 1: reasonable frugality Step 2: build high value skills Step 3: increase income Step 4: avoid lifestyle creep Step 5: repeat steps 2-4! 💯 Step 6: 🏖️😎🍹

Can you please not use the word "special needs" in future? I don't have special needs. I am a human just like you. I have human needs. Me communicating differently isn't a special need. Me getting around differently is not a special need. Please use people with disabilities or disabled people instead.

That green card was the fidelity 2 percent cash back credit card right? lol. Good cc to use.

Love the video. I try to tell people the foundation of being financially successful is living below your means not sometimes all the time if u do tht u can survive in any environment

There are some areas in my life where I'm NOT Frugal: ruclips.net/video/rilHvVc9Je8/видео.html

Savings rate is based on GROSS INCOME, not net.

Would it be smart to put 1000$ into S&P 500 at 16 years old and leave it for a couple years

You should start out with WHAT a standard deduction is defined as.

I do hope that the goverents of the globe crack down on you greedy horrible people. The UK is starting. Why should ANYONE pay tax. Scabs!

Even before you mentioned it I noticed right away the direct customer interaction. That is just about a complete deal breaker for me. Maybe if I worked dead hours so my customer interaction would be minimal and that would be acceptable. I can add a job to the list, what I do is casino security. It is 3 days for 24 hours a week but only 16 and hour has a 3% 401 match but health insurance does not kick in until 30 hours. It is rather boring, standing around and walking all day but not bad for barista.

I think the list would be better taking into account other benefits. Costco offers a 50 cent raise every 6 months and that’s huge for something like 10+ barista fire and that’s just one example

Just don't mess up ur early retirement with legal marriage and child support. That's the biggest expense.

How about health???

So I'm retired, 68. 5 years ago I established a Roth account. Can I put in additional money in there now and take profits as this account grows?

One way I get around the awkward "What do you do for a Living?" question is I printed up some RUclips cards and I hand them out. People really get a kick out of that and it's a lot more prestigious than saying I retired at 58. Bret

Yes i think is way better...wish i could do what you doing now

I would pick southwest ...but i have to take in order that i have a conviction on my record so i cnt work for southwest due to my his

Every thing you did find me a some one with my value....saving is the biggest right now .....IM work toward generational wealth

You have great knowledge 👌....what made you wonna do this thou because i wonna do something similar but i dnt like be on camera..........have you ever thought about having a business partner 🤔

I would like ro know in more details about that set up with the investment account

Yea you spend way more then me in a year but I really haven't tracked it either.....but if you get with me I can help you like you helping me ....I'm a carpenter by trade....with 10 year + experience in construction

What about the market p/e

What the fuck was the point of this video?

Cool trip and photos! What was your transportation for getting to all those destinations? Do you have a video on travel hacks/tips to save money?

My biggest learning is that capitalism is phenomenal at growing our wants and needs, making it insanely difficult to remember what truly makes us happy (and doesn't cost much).