Most of these people will never retire, including you here's why society has fed you the lie that if you do well in school, get good grades, you'll get a great job and retire with enough money to enjoy your old age. But this is rarely the case. Hi guys it's mark, so, firstly, let's get rid of the idea that retirement is just for old people. It's simply when you have enough money that it allows you the freedom to do whatever you want whenever you want.

My aim was to get to the point where i could retire and live out the rest of my days in comfort. Without anyone telling me what i could and couldn't do yeah i might have a bit of a problem with authority. That's for sure, through hard work and dedication, i managed to achieve this goal in my late 20s. All from scratch, however, times have changed, and i understand that i'm not oblivious to the fact that house prices have gone up 48 in the last 10 years.

The stock market is the most expensive it's ever been and, to top it all off we're on the brink of a recession with a lost decade of returns looming. This is all leading to the rich, getting richer and the poor getting poorer and from someone that came from nothing, that's something i just can't let happen retiring is a lot like climbing everest, it's a hard challenge and some people, sadly, don't make it to the top. However, the ones that put in the years of training have the best shot of summiting the mountain. This training comes in the form of financial literacy and it's the key to closing the wealth gap.

That's why today, i'm going to be sharing the four different levels of retirement and how to achieve each one in today's economic climate, contrary to what a lot of people think retirement is still possible. If you have the knowledge to secure your freedom, the levels of retirement, you can clearly break down retirement into four different levels, depending on your goals and aspirations. It's important to first know where you're going in order to pick your path up the mountain level. One is drifting now, there's no shame in this, but it is the bare minimum level.

Two is stability. This is basically drifting, but with captain america shield protecting your financial interests level. Three is freedom, there's a very clear way to know when you've hit this level and it's called the four percent rule level. Four is abundance.

Now this is the absolute summit of the retirement mountain. Some people achieved this goal at 65, while others managed to climb the mountain much quicker, i'm talking in their early 30s. Everyone is having such a fun party up here and honestly. It's where you want to be.

You have abundance when you have enough money to do whatever your heart desires with great power comes great responsibility, and when you reach this stage, it's all about helping other people up the mountain. It's important, never to forget where you came from. That's why i'm going to be sharing a personal story for each level of retirement so that you can plot your course up the treacherous mountain ahead, just a warning here. No one said it's going to be easy.

So, if you're looking for a quick solution, please click off this video right now, level. 1, drifting difficulty rating two out of ten before this level, you're financially reliant on other people. Maybe this is student loans or even your parents. The beauty of beating this level is you finally gain your independence from those that seek to control you.

A friend of mine, named jonathan works, a normal job at bnq, which is a bit like the home depot in america. Don't worry, i've changed his name, so i'm not publicly out in poor john. He earns a decent salary which gives him the ability to buy a car and travel wherever he wants in his free time. However, he also lives with his parents.

Now this is actually quite a good idea when you're trying to build up your finances, but it's important not to get too comfortable. He enjoys his job, but he's definitely trapped by being paid just enough to survive, but not enough to thrive, and this is why they call it the rat race. The issue with drifting is that you can't work all your life. This leaves you very reliant on potential inheritance to secure your retirement, and not everyone has this luxury.

I know i certainly didn't not with three sisters to achieve this level. You need a job that pays for your living expenses with enough left over to meet debt payments. On top of this, it's imperative that you have an emergency fund of at least three to six months of your living expenses in case an unexpected emergency occurs and throws you off your paycheck to paycheck lifestyle. Without this, you could be trapped in not just comfort but also debt level.

Two stability difficulty rating 5 out of 10.. By reaching this level, you have already beaten the majority of people as you've secured your retirement later in life. Well, i say that, however, at this point, you'll be tested more than ever, as the drifters will want to drag you back down the mountain. An associate of mine called george, is 45 he's doing pretty well and has his own house, but times are tougher than they once were.

He also has an emergency fund and a good investment portfolio that will provide him with more than enough once he reaches the retirement age. But here's the issue he's finding it very difficult not to dip into his investments, he's currently working as a carpenter and joiner, but due to the current financial volatility in our economy, his wages aren't going up fast enough to account for the level of inflation, which leaves Him short of money when he's providing for his family and paying a mortgage, because it just doesn't stretch as far anymore instead of spending money from his retirement pot and being dragged back down to just drifting. He's done something really quite special and that's profiting from a hobby in his spare time he enjoys going to airsoft sites. This is a bit like paintballing, but some would argue a bit more realistic.

It certainly hurts when you get here after attending many of these events, he felt that he could run one himself, so he found some land to rent and originally planned for the site to operate only on sundays. However, due to extremely high demand, he's now hired someone to operate it throughout the week and has even branched out to include corporate away days where staff can get their anger out on each other and go back to the office ready to work as a team. Again. Curtis, when you book in this asap, this gives him the extra income he requires and therefore saves him from raiding his investments.

This combination of hobby and business is extremely effective, as the benefits are two-fold. Of course, it provides you with extra income, but also saves you a fortune, as the money you would be. Spending on a hobby goes straight back to you to achieve this level, you want to be focusing on three main areas. Firstly, you can never be stable with high interest debt around your neck, so paying off anything that isn't ultimately making you money is essential.

Secondly, in order to be able to retire in later life, you need to be investing into the markets a great way to do. This is through a rough ira in america and an isa in the uk. These are tax advantage accounts that will allow your money to grow over time completely tax-free i like to invest in index funds with this type of account as it's a more reliable option over the long term and requires far less maintenance. The only thing better than investing in index funds is grabbing your free stock slice from public.com as it's worth between three and a thousand dollars.

Public puts investors first and has an amazing community of investors sharing their insights on the app i'll leave a link below. If you want to pick that up, thirdly, you need to recognize your existing skills and stack them effectively in order to create extra income. It's all about identifying your unfair advantages so that your skills stack can't easily be replicated level. Three freedom difficulty rating eight out of ten.

This is the stage where you untrain yourself from to day work and get paid based on your value. Rather than your time. My old chiropractor harrison started out by just doing the basics, cracking backs and getting dollar, but he quickly realized all of his time was being sold and he hit the point where he couldn't make any more money unless he put up his prices. But the problem was doing: this may have caused his clients to walk.

Well, maybe they wouldn't have walked due to their bad backs, but you get what i mean so in order to gain real freedom, whereas income wasn't tied to how many hours he was working in a day he had to get out his wand and magic more time. I'm only joking, of course, there's only 24 hours in a day, but for a lot of us that time has been taken up by little tasks that don't pay us the money we deserve harrison worked out that during the half hour he saw a patient approximately 10 Minutes of his time was wasted with them just getting ready and another 10 minutes was wasted, doing a warm-up massage to get them prepared for their back correction. So really his skill was only required for 10 minutes, so he employed a masseuse. So when his patients arrived, they immediately went up for a massage.

This essentially tripled the amount of money he could earn, but he didn't stop there after realizing that once he'd fixed people's back problems, they didn't return. He implemented a membership program. This is because it's much easier and cheaper to retain a customer than to acquire a new one. In this level, you'll have invested 25 times your desired annual salary, meaning you should have an endless pot of money if you only withdraw four percent per year.

This is known as your freedom figure and it's different for everyone. For example, if you want to live off fifty thousand dollars per year, you'll need to times that by 25, meaning 1.25 million invested in a fairly liquid asset would be required. If you want a bit of diversity from investing in the stock market, then bitcoin was the best performing asset of the last decade and i buy mine on the ftx app because the fees are 85 cheaper than the top competitors, meaning you get more bang for your Buck and the best part, is you get free crypto on every trade over ten dollars when you use the code mark tilbury i'll leave a link below if you want to check that out level. Four abundance difficulty rate rating 10 out of 10..

This is fu money. The kind of money that most people only dream of that allows you to turn down any opportunity that you're not interested in because it just doesn't matter. In order to achieve this, i combined all of the levels into one. I secured a nine-to-five job like jonathan built up my investment portfolio like george and built a profitable business like harrison, but i didn't stop there.

I expanded into multiple different businesses and investment assets, while maintaining the ability to be able to adapt to disruption for over three decades. The main difference between financial freedom and financial abundance is the willingness to embrace the new. I mean i was one of the first people over 50 to be on tick tock. At this point, it's not necessarily about making more money, but it's about making more impact.

The biggest problem is people reaching the abundance level and spending all their time. Trying to conserve what they have, rather than giving a leg up to the talented generations below remember. Most people will watch this video and not take any action. So your competition is far less than you might first realize, and after that first step up the mountain.

You may even surprise yourself with the momentum you gain, so i'm going to leave the next video right up there, but don't click on it just yet make sure to subscribe. If you want to grow your wealth, okay, i'll see you over there.