3 Moves to Make in Your 40s to Retire a Millionaire by 55

Retiring wealthy is less about clever moves and more about long term discipline standards and delayed gratification because behavior compounds for decades and this is the same foundation explained in They Taught You to Be Nice Not STRONG by Orrin Conway where financial outcomes follow identity consistency and self respect not short term tactics

The only negative is that you can’t get out until you die. If you can keep this real estate game going till you die your heir get the property at the cost basis at the time of your death and they can keep it or sell it. But if you can’t, and you are taking social security, and need to sell that property, you are screwed, from the tax standpoint. You need to make that clear on the consequences of getting out of the game once you are old and tired. It must be done thoughtfully, and with patience. The more properties you have the longer it takes.

When you get to a million, the higher/more the funds are in Roth 401k & Roth IRA accounts, the more money you keep tax free. A real test is having a million dollars in those accounts.

Just retired Friday at 57! The majority of the time I saved 25% and also had side hustles as you mention. The trick for me now will be to switch to spending because saving is my way of life. To those out there who think it isn't possible, every little bit makes a difference long term. It's not too late to get started!

Jaspreet, you dont just teach us to live within our means and invest and save. Your simple and straight to the point videos, still with the white boards, have better information than fancy videos with too much AI content more "fluff" production. You demonstrate by example. Keep the old school whiteboard and great info coming. I can order the guacamole without worrying now.

Be an active investor! DIYer! Worth it. When I was 45, finally started getting serious about investing. I am not a high earner or corp executive, just a cog in a wheel DIYer-type with a good city gov job and have always followed a budget. The wife is a cute lil preschool teacher so we’re just average folks. Oldest son graduated college debt free, younger son won’t be as lucky since his career choice costs bank! But 10 yrs later, our house is now paid off and retirement and brokerage accounts are healthy...

The best way to retire at this point is to retire outside of US..

I better get busy cause i turn 55 in 9 days ! Need ta make $700,000 ! !

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I’d love to know where we’re finding a house for $250k that will rent for $2500. That’s a gold mine.