Tue May 14 2024, by Tyler Gardner

Investment StrategiesEarly RetirementPassive IncomeFinancial FreedomSaving Money

Tyler: Yep, says here you made $50,000 this year.

Other Person: No, 40,000.

Tyler: But it says here 50,000.

Other Person: Oh, sorry! 20% of every one of my paychecks just immediately gets deposited and then invested in my 401(k) or my Roth IRA. I don't even know it's there.

Tyler: Why would you do that?

Other Person: I always pay myself first.

Tyler: But what about all the cool things you want to buy?

Other Person: Oh, give it a few years! I'll be buying all those things and more just from the passive income off of those investments. Not to mention the amount of money I saved by paying you less each year.

Tyler: So instead of continuing to work for your money until you're 70, money will continue to work for me. And I'll retire by 60.

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