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Retire Early 101

SAVINGS

Set up a bank account (checking and savings account) with SoFi. You can have your employer automatically deposit your paycheck into your SoFi checking account, then create savings account auto-withdrawals every month for 20% of your paycheck. People automatically adjust their lifestyle according to their income (i.e don’t buy Starbucks daily).

  • EXAMPLE: $5,000 paycheck each month deposited into your checking account. $1,000 auto-withdrawal to your savings account for investing. Earn 1.5% back on everything you buy with this credit card www.coursenvy.com/blockfi. Pay off the credit card bill monthly (this helps improve your credit score) using the $4,000 in your checking account.


COMPOUND INTEREST

Put your SAVINGS to work via diversified investments. BUY monthly and HOLD until retirement!

  • Invest 40% of your savings into the stock market (split 50/50 between the stock symbols “VOO” and “VTI”). Create a free “Automated Investing” account to buy these stocks via www.coursenvy.com/sofi.

  • Invest 40% of your savings into real estate via www.coursenvy.com/fundrise. We have earned a ~15% return on investment all-time with the Fundrise “Supplemental Income” plan.

  • Keep 10% in your savings account via www.coursenvy.com/sofi. Emergency fund (e.g. car, health, accidents, etc.)

  • Invest 5% of your savings into Bitcoin (BTC) via www.coursenvy.com/bitcoin-roth-ira. Bitcoin is digital gold. Bitcoin Roth IRA accounts enable investments to not only grow tax-free but also enable you to withdraw funds tax-free after age 59 ½.

  • Invest 5% of your savings into Ethereum (ETH) via www.coursenvy.com/gemini. Ethereum is Web3 (take our FREE crypto course). Note, you DO NOT need to buy a whole Ethereum or whole Bitcoin. For example, you can buy 0.00000001 BTC.

EXAMPLE: $1,000 monthly savings = $12,000 annual savings. Yearly Investment Breakdown → $4,800 stocks ($2,400 VOO + $2,400 VTI on SoFi), $4800 real estate (Fundrise), $1,200 cash, $600 BTC (Bitcoin Roth IRA), $600 ETH (Gemini)



 

DISCLAIMER: Coursenvy is a professional internet marketer. Their results, and those of their top students, are not typical, and most don’t earn anything. Their experiences are not a guarantee you will make money. The material provided is for educational purposes only. Everything expressed here is Coursenvy's opinion and not official investment advice. Coursenvy is not a financial adviser and is not a broker-dealer. Investing involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. We are paid affiliate commissions, referral fees, or we may receive other consideration, any time you purchase any third-party products or services through our links or any Coursenvy.com link. We also receive consideration from such third parties in connection with our endorsement or honest review of any of their goods or services. With use of any content, you are accepting the terms at: https://www.coursenvy.com/legal

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