This video explains why the speaker, Gabe Bult, chose not to invest in traditional retirement accounts. He argues that his chosen investment strategies in real estate and self-improvement have yielded significantly higher returns and allowed him to achieve financial freedom earlier than the traditional retirement route would have permitted.
Financial Freedom as a Goal: Bult prioritizes financial freedom over traditional retirement, aiming to achieve it as early as possible. This shapes his investment choices.
Real Estate Investment: Investing in rental properties provided substantial returns, exceeding those projected from S&P 500 investments. He emphasizes the importance of active management and knowledge of the market.
Investing in Self: Bult highlights the high returns on investing in personal development through courses, mentorships, and seminars. He cites instances where these investments tripled his business income.
Cash Flow over Long-Term Growth: Bult prefers investments that provide consistent monthly cash flow, enabling early financial independence, even if it means taking on higher risk. He views traditional retirement accounts as a "scam" because of their delayed access to funds.
Diversification and Calculated Risk: While acknowledging the importance of diversification, Bult emphasizes the value of focusing on areas of expertise. He believes that understanding the investment allows for calculated risks leading to potentially higher rewards.
