How I Saved $380K By Age 29 To Retire Early | Fired Up
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Ask me anything about this video:
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Tanner estimates that he and his wife put about 50%, or possibly a little more, of their paycheck towards savings.
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Tanner's lower bounds for retirement are $625,000. This is based on his estimate of needing approximately $25,000 per year to live. He acknowledges that this amount is low for many people, depending on location and risk tolerance, and that there's a fair amount of variability involved.
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Tanner mentions renting out the downstairs of his house on Airbnb as a significant side hustle. He also had other ideas for side hustles, but he notes that he pursued them primarily for the money, not enjoyment, leading to frustration. He doesn't specify the nature of those other side hustles in detail.
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Tanner's upbringing involved a frugal lifestyle. He recalls experiences like infrequent trips to the bowling alley and the need to earn money (through newspaper routes and other means) to buy things beyond necessities. This instilled in him and his siblings a strong sense of resourcefulness and the importance of saving.