If i told you that you'd never retire, everything is getting more expensive and then uncovered the terrifying truth about retirement. I was head in hands realising i'd myself financially for the next year. That would lead me to revealing how i escaped retired early and how you can too my eyes were really opened up to the possibilities of making mass income, but there's a problem. The system is rigged against you, the worst thing of always.

No one really wanted to talk about money. It was so taboo hi guys it's mark, so i've got some news for you retiring with enough money to enjoy the rest of your life sitting on a beach sipping on whatever your heart desires is becoming near enough impossible. Every year, consumer debt rises, owning a home, becomes more challenging and everything is getting more expensive. This combined with supply chain shortages, the russian ukraine war and an outdated school system, is a recipe for disaster.

Let me take you back to 1902, when one of the richest men in history, john rockefeller, created the school system as we know it today, as you can probably imagine, this system wasn't created to help people become rich and successful like him, oh no! No! No! It was invented to create a nation of workers. You see. Rockefeller was an oil tycoon that needed an army of people that worked hard and didn't ask questions. So what better way to achieve his goal than funneling kids down a controlled path with little individual treatment, strict deadlines and teachers enforcing the rules? When i was at this school, i had no idea that becoming an entrepreneur following my dreams was even possible.

My teachers never really understood me, which meant i found school, extremely boring. The worst thing of all is no one really wanted to talk about money. It was so taboo. After leaving this place, i initially went down the carpentry route, making wooden trash cans for only a few dollars an hour.

This probably sounds all too familiar, and this broken system is the main reason why people can't retire. I'm not bashing schools or even the teachers, but the fact that school still doesn't teach basic money, management, investing or even building a credit score. It's just crazy to me, so you turn 18 and leave school with little understanding of how money works and look for a job only to find 70 percent of jobs never get listed, meaning it's not what you know. It's who you know this makes finding a job.

All the more difficult, but none of that really matters because slimy credit card companies are putting pre-approval letters through our doors, giving us instant access to cash at 40 interest rates, with no consideration of the fact that the majority of the population don't know what apr even Means let alone how to use a credit card correctly, as you can probably tell that really grinds my gears because of this. It's no surprise that consumer debt is over 15 trillion dollars and rising almost every year the world is changing so fast. The school probably couldn't keep up, even if it tried bitcoin was created in 2009, and it's only now becoming something people talk about as an investment, even though it's been the best performing asset of the last decade. If you want a great app with low fees to trade, crypto then check out ftx as they give you free crypto on every trade over ten dollars.

I'll drop a link below it's very difficult to get ahead and save money with low income, especially at the moment. With 8.3 inflation and supply chain shortages, it's not a coincidence that fuel and utility bills are at record-breaking highs and the people are feeling this hit more than ever, so the system is clearly rigged against you. However, i came from nothing and escaped, and so can you this might look like a normal train to you. However, this is the exact spot.

I sat when i had a revelation about money that would change my life forever after leaving school at 16. I got a job as a carpenter's apprentice that required me to commute on the train every day. I remember one morning looking around the carriage all the pastures, both young and old, and i noticed they had one thing in common: they all looked miserable. It was clear that not a soul was looking forward to going to work.

It was almost like being on a ghost train, full of slaves. I felt sorry for them until i realized. I too was wearing the same unhappy expression. I was one of them, but why was i so unhappy? Well it all boiled down to my finances, although it's a very popular saying that money doesn't make you happy.

I think that was probably said by someone that has never been broke. Money certainly gives you freedom, and the lack of freedom was the main reason why all of us were so unhappy on the train. That day, i was only getting paid two dollars an hour and from that i had to pay 15 dollars per week for my train ticket and a further fifteen dollars to my mum for rent. I had very little left at the end of the week.

I thought to myself: why am i working so hard and still getting nowhere? Then i realized i'd taken my eye off the ball. I was getting so wrapped up in going through the motions and doing what i was told that i'd forgotten to manage my money correctly and set goals. When people don't have solid financial goals, they turn into mindless zombies living for the weekend and never getting ahead. This is when i discovered the times 25 rule, although it probably wasn't called that back.

Then i pictured what my perfect life would look like and then how much money i would need to live like that per year. I then multiplied that by 25, which gave me my freedom figure. This is the amount of money i'd need saved so that i could fund my life by withdrawing four percent from my investments per year. This is something everyone should do as it really put things into perspective.

For me, i became obsessed with doing everything i could to make progress towards this number. I used to do lots of overtime. This is because over 12 hours i got paid double my usual rate. My friends always used to work just a nine to five job and then go down the pub they never desired any extra income as they didn't, have a solid freedom figure.

I also started tracking all of my income and outgoings with a pad and pen. Nowadays. There's lots of different apps that can help you with this, but here's the best part of all. I no longer felt like a slave as i had a clear direction and an escape plan, but things weren't plain sailing from then.

A few months later i was on this very roadside. I was head in hands realizing that i'd myself financially for the next year. You see, i was young and i wanted a nice car, so i bought a green volkswagen golf because everyone said it would be a good idea. Don't get me wrong.

A vw golf is a great car and i loved it, but the issue is, i took out a loan for the car, which had a really high interest rate. This kind of purchase is typically always a bad investment. I didn't care about this at the time. Well until i was stood at this rotor with a blown-up engine, this left me in a right state because i still had monthly car payments to make, and now i had a 1200 bill on top to repair the engine.

I'm thankful for moments like this one as it's the hard life lessons that make you realize something has to change. I had car loans, repair bills, credit card debt and more at the time, so i thought outside of the box and decided to use what is now known as the debt avalanche method. The idea is, you use your paycheck to make the minimum payments on every single bit of debt. You have then use the remainder of your spare cash to pay the debt with the highest interest rate rinsing and repeating this method and taking one step at a time, is the most effective way to clear debt fast and can also save you a fortune by clearing The highest interest rates first, it took me a whole year of using this method to get back on my fee, but i'm glad i put that chapter behind me.

I then bumped into a man right here in this very field who had changed my life forever. As a youngster, it's so easy to get complacent about retirement. Look i get it when you're 20 or even younger. It's not that easy to get excited about retiring at 65.

If that sounds like you, then don't worry. I was exactly the same. However, i was very fortunate because the man i met on this model flying field became a role model to me. I didn't even know he was my mentor during casual chats.

He managed to completely change my mindset by swapping the word retirement with the word freedom. This really resonated with me as i've always chased freedom over materialistic things like cars and drip with my eyes set on freedom. I knew i had to begin investing long term and start building my wealth, so i opened a pension account and began investing 10 percent of my standard wage. Of course, nowadays, you'd open up a roth ira if you're in the usa or stocks and shares isa.

If you're in the uk, these are essentially investing accounts that allow you to grow your money over time completely tax-free. However, there are limits on the amount you can deposit because otherwise they'll just be too powerful. Investing 10 of my income was a huge step in the right direction. It shifted my focus towards not only making more money but having my money produce more income by the way.

If you want to start investing, then public.com are currently giving you a free stock slice worth between three and a thousand dollars. When you use my link in the description, it's a great way to kick start your investing journey. So at this point i was debt free and i was also investing, but i was still working every hour under the sun for other people, but i couldn't shift this niggling feeling that i was made for more throughout my life. I'd get glimpses of how the other side lived like when i used to walk past this mansion on the way to school.

When i was a kid or installing staircases in beautiful houses, eventually, it became just too much to ignore. I remember the clear breaking point: i'd been slogging, my guts out all day. I took a brief pause to catch my breath and in that moment i looked up above me. I could see the senior managers working at their desk jobs.

They were clearly getting paid more than me, but it looked like they weren't working nearly as hard. That's when it hit me that you're not paid based on how much effort you put into a job be that physical or mental. You are purely paid on the value that you provide and nothing else, no matter how hard i work, there was only so many products i could produce in a day, and that was the extent of my value as an apprentice. I was also easily replaceable.

If i started slacking, that was the secret that separated me from the really rich, so i started taking steps to improve in other areas. This led me to winning the wiltshire leadership award, which helped me stand out as a person that could add more value to the business. However, my manager didn't like that. I was improving myself and felt a bit threatened.

This led to him bullying me and ultimately, i decided to leave my job, but that job was never going to. Let me retire early. The current retirement age varies depending on when you were born, but for the most part it's the ripe old age of 67 and plans are already in place to raise this. Now, if you're subscribed to this channel, i know that retiring.

An old age is definitely not in your plan, so let's look at exactly how you can beat the system and strike it big. My eyes were really opened up to the possibilities of making mass income in a humble model shop. In my 20s, i decided to follow my dreams and started working in a radio control model shop. Just like this one.

This is a huge passion of mine and one of the best ways to make money is from a hobby because it never feels like work while working in a model shop. I was like a sponge. I was soaking up every bit of experience that i could. I probably annoyed everyone in the shop with how many questions i asked, but i just didn't care.

Armed with all this knowledge. I took the plunge and purchased my own shop using a bank loan. I was young and naive and had no idea how to run a business. All i knew was i had to sell something for more than i paid for it.

It's quite funny reflecting on this. Actually, at the end of the first day of trading, i opened up the tilt and was greeted by the most money i'd ever seen in person before it really drove home. To me the value of what i was doing and motivated me to keep going it's safe to say in my 20s i was living eating and breathing business. If i was out, i was at a networking event or an exhibition to expand my business, i'm so glad i made the sacrifices i did as it really helped set my family up for life.

If you want to do the same and even retire early, then you need to deliver value on a mass scale. The most achievable way to do this is to start a side, hustle and eventually transition that into a business. Well, unless you're very good at kicking a football of course now i know passive income is the go-to guru buzzword, but it really is an amazing thing. I remember sitting right here when i got my first rental payment.

It was fantastic because i didn't have to do any extra work to earn that income. Of course, buying real estate isn't the only way to start earning passive income. You can buy dividend stocks that pay you every quarter like pepsi and mcdonald's, or even state crypto, to create passive income. You need to spend either money or time up front.

It's not something you can just set up with a click of your fingers, but it's worth the extra effort as it can pay you for years to come once my business was stable and it was doing big numbers consistently. I realized something when driving home one night. I was building a sizable investment portfolio, but i was only buying traditional assets, such as index funds, which have been a great way to build wealth over the years. It's no secret index funds make you rich, but it's a very long process and it takes years for the compound interest to take effect.

So i decided to take a risk on individual stocks with five thousand dollars which, at the time i considered just my fun money. If the investment went bad, i would only be giving up a vacation, but, to my amazement, the investment went from five thousand to fifty thousand dollars in just a few days. I could have let this ride and potentially made more, but me being me, i secured that profit and i never looked back. I suppose what i'm saying here is sometimes when building wealth, it's okay, to take a calculated risk, especially with money that you can afford to lose.

I'm not saying just yolo your money away. You need investments working in the background. A nice safety net of cash to fall back on and a secure income, but sometimes risk really does pay off and it's quite exciting. 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.