Retire Early 101
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.
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)
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