Why you should think about financial independence and mini-retirements | Lacey Filipich | TEDxUWA

  • Опубликовано: 27 ноя 2018
  • 'Time poor' is the catch-cry of our era, and yet end-of-life retirement means we have an average of two decades of feeling time rich to look forward to… when we’re old. In this talk, Lacey shares how combining financial independence and mini-retirements is one way to bring that time rich feeling into our youth. Lacey Filipich started her entrepreneurial journey with a hair wrap stall at 10 years old. Today, she is the co-founder and director of two successful businesses; Money School and Maker Kids Club.
    Between hair wraps and start-ups, Lacey graduated as valedictorian from the The University of Queensland with an Honours degree in Chemical Engineering. She moved to Australia’s ‘wild west’ to begin her career in mining, rising quickly through the ranks. A health scare and her sister’s suicide opened Lacey’s eyes to the world beyond work, leading her to redesign her life and take five mini-retirements in the next five years.
    This was achievable because of Lacey’s financial position: she started investing at 19 and now earns a passive income. Lacey considers herself time rich: able to choose if, when, where, how, on what and with whom she works. Her story is one of many in the Financially Independent Retiring Early (FIRE) movement supporting the idea that end-of-life retirement is optional. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

Комментарии • 411

  • 1MinuteFlipDoc
    1MinuteFlipDoc День назад

    FIRE when the stock market dives.

  • cupslinga
    cupslinga 4 дня назад +1

    Where did 'Fred's' uni fees disappear too 🤔

    • Maker Kids Club
      Maker Kids Club 3 дня назад

      Good question. Not sure. Anyone else know when/how MMM paid for his engineering degree?
      In my case, my debt was $20k upon finishing my engineering degree. Australia has a government-administered contribution scheme where you accumulate the debt while you study, then it's slowly paid off automatically from your wages once you go past a certain minimum threshold earning rate post graduation. The program is called HECS. It took five years for my debt to 'disappear' (i.e. be paid off from my wages). HECS is the cheapest loan you'll get in Australia because the interest rate is based on the inflation rate, so it was debt I was willing to take on. Cheers, Lacey

  • Manos Seferidis
    Manos Seferidis 5 дней назад +1

    Seems like this "strategy" simply moves the problem. Now you end up not enjoying your life between 20-30s like most people because you will be saving for this mini-retirement. I have a better idea. Why not ask your parents when you're 5, to give you money on each Christmas and birthday and save that for an extra mini-retirement at your 20s! lol

    • Maker Kids Club
      Maker Kids Club 3 дня назад

      Ha! An interesting idea. I've got a 5yo, I better not let them read this...
      Yep, I worked hard in my 20's. But I also had lots of fun. Life wasn't boring or a struggle except when I worked myself too hard. It was about 18 months in 10 years that sucked - not a terrible ratio. I don't think working towards time rich and enjoying life have to be mutually exclusive. Cheers, Lacey

  • Fastnail
    Fastnail 6 дней назад

    She looks like she spends all her time eating.

  • Fox Meister
    Fox Meister 7 дней назад

    I've been financially independent since I was a teenager. Been selling crack for almost 20 years now.

    • Maker Kids Club
      Maker Kids Club 5 дней назад +1

      Ok, I admit it. I laughed at this. I hope it was a joke...

  • John Kay
    John Kay 8 дней назад +4

    I enjoyed your presentation & its content. Very informative. I'd never even heard of F.I.R.E. before, so this is new to me. Having read through quite a few of the comments, I especially applaud that you take the time & effort to answer & reply to ordinary people & in such a measured, polite & empathetic manner - well done.
    I am somewhat older, male & reside within the UK, & I think that I have been living most of my life to an approximate & similar methodology without knowing about FIRE, (except for the period when I was married). From my start in life as an orphan boy in foster care & little materially, I've studied hard all throughout my life (never ever stop learning), worked consistently hard & long hours, led a mostly frugal life & yet enjoyed relatively simple pleasures along the way (playing tennis, playing guitar, wine making, DIY). Although I'll never be a millionaire (& I don't have any great desire to be), I own my own modest house & had paid off the mortgage by age 30. Made the massive mistake of marrying the wrong type of woman (cost me massively mentally, emotionally & financially). Divorced now for the last 19-years & have managed to turn around the consequent financial distress & have now a reasonable portfolio of investments, 50% of which are in renewable energy (my passion of the last 7-years). So in answer to those comments by some that you cannot make it if you are now on a low wage & have a bad start; I've been there, including being made redundant twice (difficult times). No one can keep a good person down, keep trying & you will succeed eventually. Although I choose to keep on working part-time, I probably don't really need to, but I like the reason to have to get up every morning with a purpose.
    My apologies for the ramble, but I needed to say that if a plonker like me with a poor start in life can become moderately financially stable & comfortable after a life of consistent effort, then almost anyone can.
    Regards to all,

    • Maker Kids Club
      Maker Kids Club 5 дней назад +2

      JohnnyK, your comment has made my day. Thank you for taking the time to share your story; it's a powerful one for those who feel like it's an impossibility for them to achieve financial independence. I really appreciate your lovely comments about my responses to posts on this video too. It's been wonderful to hear the variety of responses to the content and the questions it's raised for different folks. You don't know what you don't know, and many of the comments have opened my eyes to things I hadn't thought much about. I hope I'll write better content as a result. Having examples like yours to refer to it also brilliant, as it helps show that it's not just me that thinks this way. You're a gem. Cheers, Lacey

  • maillaarni
    maillaarni 8 дней назад +1

    This is the peril of this talk. Too simplistic. We all have the same 24 hours as Obama and Beyonce? You lost me. Money is time and time is money. This is why everyone wants to be rich. If you have money, money will help you free up your time for other things you want to do. If you are not working for money to put food on the table, you are working to save so that you can hopefully free up some of your time later because you can afford not to work.

  • Tony Ng
    Tony Ng 8 дней назад +1

    Thanks Lacey for presenting on this important topic. All the best with your business and future.

    • Maker Kids Club
      Maker Kids Club 5 дней назад

      Thanks Tony Ng, much appreciated :) Cheers, Lacey

  • Nahinh cruizer
    Nahinh cruizer 9 дней назад

    Here’s the deal guys. Data shows that the vast majority of people desire to travel but work and life come in the way and they don’t travel. These people know that and troll you with their travel glorifications. In reality, after you’ve bee n away for a bit you get sick 😷, tired and will desire to come back home. You don’t need to quit your job. Just go on a 2 week vacation if you absolutely need to every year or do whatever the fk makes you feel good. Live a good life by being happy.

  • Robert Paternoster
    Robert Paternoster 12 дней назад +1

    food production problems = eat less meat, solved!

  • Shivo hum
    Shivo hum 12 дней назад +1

    This is based on the assumption that your investment in stock market is going to pay you back. Really silly !!

    • Maker Kids Club
      Maker Kids Club 5 дней назад

      If your chosen investment vehicle is stocks, then yes that would be an assumption. I'm not advocating for a specific investment, or diversity of investments - I'm somewhat investment strategy agnostic. Most people investing in any kind of asset are hoping it will pay them back and make more on top, and if it's done right with good timing, investing can do that. But yes, some people lose money and don't get paid back. It's a risk. Thanks for the comment Shivo hum. Cheers, Lacey

  • Ran
    Ran 15 дней назад +2

    Loving this! I want to be on FIRE

  • BeGood 2Me
    BeGood 2Me 16 дней назад +1

    It's good that she did this with kids.

  • cm1point5
    cm1point5 17 дней назад

    "Please be quiet and let me drone on about myself"

  • GaylordFocker
    GaylordFocker 18 дней назад +1

    I want to marry this woman

    • Maker Kids Club
      Maker Kids Club 15 дней назад

      Already married :) But thanks for the lovely compliment! Cheers, Lacey

  • Honda Rescue Garage
    Honda Rescue Garage 22 дня назад +1

    I plan on retiring in 5 years. I’m super excited about it. I’ve been working on my fortune for 2 years now. It has not been an easy road. I started with less than zero money. My only regret is that I didn’t learn that it was possible for me sooner.

    • Maker Kids Club
      Maker Kids Club 20 дней назад

      That's awesome! All the best with your financial independence plan :) Cheers, Lacey

  • Aneliza Medeiros
    Aneliza Medeiros 23 дня назад +1


    • Maker Kids Club
      Maker Kids Club 20 дней назад

      Thanks Aneliza Medeiros :) Cheers, Lacey

  • Natalia Clarke
    Natalia Clarke 25 дней назад +2

    yes, take more holidays for sure, thats my way

  • Christoph Pangritz
    Christoph Pangritz 25 дней назад +1

    Great presentation.
    This fits to my experience, to become rich and happy it is not that important how much money you earn, it is important how much you spend. This savings as investments gives the chance for an early retirement.

  • Don O
    Don O 27 дней назад +11

    That's great! Now time to hit the Gym, got to stay healthy now if you want to enjoy that early retirement longer.

    • Pat Aherne
      Pat Aherne 6 дней назад +1

      Go for regular walks of at least 8 kilometers 4 times a week. Takes about 1.5 hours...
      You will feel great after it.

    • Maker Kids Club
      Maker Kids Club 20 дней назад

      Excellent point Don O :) Cheers, Lacey

  • Abdallah Ahmed
    Abdallah Ahmed 27 дней назад

    Overpopulation is not a Problem. This statement is prefered by the Richest Clubs , which makes people really question their intelligence.

  • Pr S
    Pr S 28 дней назад +1

    brillian video !!

  • Faith Ali
    Faith Ali 28 дней назад +1

    Thank you for the speech Lacey. Can you please give a how to on the stock and bonds you spoke about. Thank you

    • Maker Kids Club
      Maker Kids Club 20 дней назад +1

      You're welcome @Faith Ali :) Not sure what the word limit is on RU-clip comments, but probably not enough to give a 'how to' on stocks and bonds. Though, I can now publicly announce that I'm writing a book for Penguin Random House on this topic, out Feb 2020 (not-so-subtle plug there). Books are great places to start on this topic, especially since you can borrow them from a library for free! I recommend as a starting point:
      - The Richest Man in Babylon by George S Clason (short read, fable style, solid fundamentals)
      - Money: Master the Game by Tony Robbins (US jargon but principles are applicable in most developed nations, good fundamentals on bonds and stocks. Robbins has a revised, shorter version called Unshakable I think - I haven't read it, but might be a quicker read)
      To learn about trading stocks, I suggest Aussies try the ASX sharemarket game - it's free, you get $50k of virtual dollars to trade in a live market over 15 weeks. It's not great for strategy (15 weeks is nothing in the world of investing) but for pure mechanics, it's a good spot to practice. Hope that helps :) Cheers, Lacey

  • Sue N-T
    Sue N-T 28 дней назад +2

    Thank you for sharing your story Lacey. Your Mum is an amazing woman to start you off early with good financial advice.

    • Maker Kids Club
      Maker Kids Club 20 дней назад

      Thank you, and agreed Sue N-T - I'm very lucky to have her :) Cheers, Lacey

  • Michael Beach
    Michael Beach 29 дней назад +3

    Women fought so hard to enter the work force and know there figuring out the truth of the work force this will create some interesting people mabey, some hope for the future.

  • gt0703
    gt0703 29 дней назад +4

    Money moustache just happen to invest during the biggest QE program ever, all that money they created went into stocks. Will the next 10 years be the same?

  • Andreas Heger
    Andreas Heger 29 дней назад +1

    Most jobs out there, are badly paid, and it's hard to get a better paid job, it needs much afford too. Many people must pay expensive bills like rent and taxes, even when they don't buy stuff, they don't need, they have not much left at the end. Building multible streams of passive income is the only and best way, for most people, to get time rich.

  • sfincione2000
    sfincione2000 29 дней назад +1

    Great! Let me just fire up my time-machine and we're all set. ;-)

  • Invest It In
    Invest It In 29 дней назад +2

    It's indeed ridiculous that we still look forward to slaving away the best years of our lives. FIRE is really a lifestyle and paradigm shift in our mentality and sadly only a few will get the point of retiring early and having more time to be productive. Thank you Lacey. Interviewing people like Mr. Free at 33 and Millennial Revolution just made things a lot clearer that sometimes your best life is on the other side of early retirement.

  • Sara Brankaer
    Sara Brankaer 29 дней назад +5

    I feel time rich, even though I'm not able to live off any investments. In fact, we are still paying off a loan on our house. We need our jobs to live, but we don't work just for the money. My husband and I both work part time in jobs we love, we get to spend time with our kids, and we choose quite a frugal lifestyle. Thus we are time rich NOW, and not working long hours in a job we don't like, just to save enough money to achieve this blissful state of "fire" in the future. I'm all for saving (we have a good savings account, so that we could live on one income for more than a year), and investing (we are starting to look into that, or paying off our loan faster), but it would be wrong to only start living the life you want once you are completely financially independent and save. I keep an eye on our family budget, and we get a real feeling of freedom and time richness from knowing that we don't need a lot of money to have a lot of fun. Getting to spend a lot of time as a family is worth a lot more than a big house or expensive holiday, but more important also than reaching "fire" at the age of 40. I would say: find a job you like, build a life you love, spend your time and money wisely, on things that really enrich your life, live now and have faith in the future.

  • Zineb Ibañez
    Zineb Ibañez Месяц назад +1

    It is a good talk and it makes sense. But nowadays it just won t work in most of the countries around the world. You either won t make enough money or assets are just too expensive. Good luck with buying a house in Europe, or Australia and maybe stocks will go up fot another 10 years or maybe not.....

  • charles910
    charles910 Месяц назад

    Soooo, she had a good job but didn't like that it made her stressed and sick. Ran to mommy, read a ridiculous 4-hour book, did some extended travel. Then realized that it's good to be financial independent and have free time to travel. Got it, thanks for the advice.

  • Hemant Nagar
    Hemant Nagar Месяц назад +1

    In One World - Amazing!

  • cm1point5
    cm1point5 Месяц назад +1

    Monumental book turned into 15 minute humble brag

  • Sean
    Sean Месяц назад +3

    Okay but like this was mostly because of your privilege, not everyone has parents that are willing to send them to college/help them financially. I had to start paying my parents rent when I was in high school. Saving money is possible if you have the means to do so. I support educating people on the importance of financial independence but I think this was the wrong way to go about it.

    • Sean
      Sean 8 дней назад

      ​+Bjjj Hgtdvh literally what? hahaha. so you're saying the environment which people are born into plays no role in developing how easy it is for them to make money? okay "bro" hahahahah, very obvious that you just feel attacked and didn't read my actual argument, snowflake

    • Bjjj Hgtdvh
      Bjjj Hgtdvh 8 дней назад

      Hey Sean you mad bro? Maybe she’s harder working and more talented than the “unprivileged” folks

    • Keith Bishop
      Keith Bishop 29 дней назад +2

      I guess she's privileged if you consider her mindset a privilege. I do. She is willing to work herself into a hospital bed without needing a serious reason such as paying your parent's rent. She also does it while not wasting her money on a materialistic illusion of success. You're confusing privilege with sacrifice and grit.

  • Sophie Gist
    Sophie Gist Месяц назад +1

    So many naysayers here. Save 20% of your income even in an average job. You'll never regret that. Or just live month to month in uncertainty with any emergency causing complete chaos. You do not need to be rich to have compound interest, if 'Murican janitors can do it and grow rich, so can anyone.

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Agreed - saving is (almost) no regrets. You can get to saved money if you need it. Once it's spent, it's gone. Thanks for the comment @Sophie Gist :) Cheers, Lacey

  • Orillia Fishing
    Orillia Fishing Месяц назад +1

    the ending thought here really hit home.

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Thanks @Orillia Fishing - it's my prime reason for doing the talk, and purely selfish. I hope a bunch of people a heck of a lot smarter than me get themselves to financial independence so they can solve the big problems (that worry me and I feel unable to solve) instead of going to work in big corporations thanks to the lure of a big wage. It's a long shot, but who knows? My fundamental investing principles came from a free seminar I attended at 17yo - they've stuck with me for nearly 20 years. I don't even remember the speaker's name, or his face. Fingers crossed this sparks a thought somewhere in someone who wants to solve big problems :) Cheers, Lacey

  • Leo Muniz
    Leo Muniz Месяц назад +3

    Beautiful words...

  • Vash died and became Alucard
    Vash died and became Alucard Месяц назад +2

    It's easy to talk about saving when you have family or people to live with rent free to save up easier. She also had money saved from her childhood holidays/birthdays that not every child out in the world gets.
    For people who live paycheck to paycheck or grew up in poverty, it is more difficult. The best thing is to educate yourself, work and live frugally and come up with a business plan to generate passive income.
    It might take more time than she's talking about due to your personal circumstances but if your money savvy (diversify your portfolio, etc), you can retire early and support a frugal-ish to middle-class lifestyle depending on where you decide to reside.

    • Maker Kids Club
      Maker Kids Club 13 дней назад

      +Diogène Ntirandekura great question. It's about converting the active income - the money you earn from work - into assets that pat the passive income. When you passive income is enough to meet your living costs, you're financially independent.

    • Diogène Ntirandekura
      Diogène Ntirandekura 14 дней назад +1

      what if your active income is 10x the passive one? wouldnt you be financially independent earlier then?

    • Maker Kids Club
      Maker Kids Club Месяц назад +2

      Absolutely. The ovarian lottery can make a big difference to your starting point. Those who start out without the advantages I had will probably take longer to get there. But plenty of them have and do :) Your suggestions are good ones. Cheers, Lacey

  • KarimKiss
    KarimKiss Месяц назад +1

    So true, great lecture!

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Thanks KarimKiss, glad you liked it :) Cheers, Lacey

  • Perpetual Sabbatical
    Perpetual Sabbatical Месяц назад +76

    very good message.
    One BIG problem i have with people like Tim Ferris or Mr Money Mustache... is that they began their lives with a better hand. Tim comes from a wealthy family, and mr money mustache and his wife were both software engineers (computer programmers) in the silicon valley.
    Can the 'average' person achieve the time freedom the speaker is talking about? YES, but it may take a little longer and be a little more difficult to achieve. In the past 10 years my pay has ranged from $12, $14, $16, $17, $18, and now $25 per hour. From the time I made $14/hour on up i've been able to save at least 1/3 of my take home pay, now I'm able to save around 2/3 of my take home pay. I absolutely refuse to spend more than 1/3 of my take home pay on 'cost of living' (rent, utilities, cable, internet, etc...), in fact I work very hard to keep my cost of living expenses around 1/4 of my take home pay. It's possible on just about any pay, but you have to get creative.

    • xDaRk0psx
      xDaRk0psx 2 дня назад +1

      The only issue I see with your initial statement is that MR Money Mustache was making 120k jointly with his wife so both were making 60k, on average. Thats hardly high income thats pretty average. Of course its going to be hard for someone making a wage below a living wage to achieve fire at the same pace as someone making more but its not impossible. Look up Coach Carson who was had no money and bird dogged real estate for other people to purchase until he made enough to start purchasing himself. hustle. hustle. hustle.

    • Dualhammers
      Dualhammers 7 дней назад +1

      The problem is capitalism

    • Jason J
      Jason J 11 дней назад +1

      Look up MMM's post 50 Jobs over $50,000 - Without a Degree

    • Human
      Human 15 дней назад +5

      Yes an "average" person can accomplish it. Cut spending, work more than 1 job, so many sources of income are now available via the internet.... I know because I did it. I taught myself by reading books at the library and book store for free. I went a few times a week, read a chapter, put the book back on the shelf. Returned and did more a few days later. Then I took action and never stopped to complain. If a person wants it they will find a way. But most people only say they want it. But they do not "WANT' it. Most things people spend their money on is just stuff. Why do they? Because marketing sucks them in because the marketers/companies want your money.

  • Joseph Ekins
    Joseph Ekins Месяц назад +1

    Not everyone has her mom’s advice when they are young enough to take advantage of it. Heed this speech if you are young .

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Agreed. It was like winning the ovarian lottery Warren Buffett talks about in a very specific way. I feel very fortunate. Also glad I paid attention :) It would be awesome if all kids got a solid financial education before they left school. Cheers, Lacey

  • Benjamin Davis
    Benjamin Davis Месяц назад +1

    Overpopulation?? Seriously? How about we eliminate you first!!

  • Todd Boudreaux
    Todd Boudreaux Месяц назад +2

    Wow! Great talk, and an even greater closing statement!! Thank you for sharing!

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thank you @Todd Boudreaux! Glad you liked it :) Cheers, Lacey

  • Charlito Mani
    Charlito Mani Месяц назад +16

    Yep. Compound interest is amazing. Most people would choose a million dollars over a penny that's doubled daily for 31 days, which is over 10 million dollars.

    • Orillia Fishing
      Orillia Fishing Месяц назад +4

      +Freddie Mercury see this uneducated version of me is why I'm watching finance videos lol

    • Freddie Mercury
      Freddie Mercury Месяц назад +6

      Orillia Fishing its actually a 100% return on investment

    • Orillia Fishing
      Orillia Fishing Месяц назад +3

      if you find a 50% return on an investment... you better share that with the world.

    • Maker Kids Club
      Maker Kids Club Месяц назад +8

      Not gonna lie - I did the math to check this :) For those wondering, @Charlito Mani is right. Nice one! Cheers, Lacey:
      Day 1 - $0.01

      Day 2 - $0.02
      Day 3 - $0.04

      Day 4 - $0.08
      Day 5 - $0.16
      Day 6 - $0.32
      Day 7 - $0.64

      Day 8 - $1.28
      Day 9 - $2.56
      Day 10 - $5.12

      Day 11 - $10.24
      Day 12 - $20.48
      Day 13 - $40.96

      Day 14 - $81.92
      Day 15 - $163.84
      Day 16 - $327.68
      Day 17 - $655.36
      Day 18 - $1310.72
      Day 19 - $2621.44
      Day 20 - $5242.88
      Day 21 - $10485.76
      Day 22 - $20971.52
      Day 23 - $41943.04
      Day 24 - $83886.08
      Day 25 - $167772.16
      Day 26 - $335544.32

      Day 27 - $671088.64
      Day 28 - $1342177.28
      Day 29 - $2684354.56
      Day 30 - $5368709.12
      Day 31 - $10737418.24

  • Bedros Gesaratsi
    Bedros Gesaratsi Месяц назад +1

    Well, we have been evolving(?) on this planet for ages but we still lack common sense where it really matters, meaning we didn't evolve a bit: FOOD/SHELTER/HEALTH SERVICES/EDUCATION must be FREE for us all. Being "time rich" isn't a privilege, it's a RIGHT!

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Interesting point of view, @Bedros Gesaratsi. I'm not sure I agree - at least, not from the point of view of a capitalist democracy. Not saying we've got it correct, but I guess I think of time rich as being a privilege rather than a right... food for thought. Thanks for commenting. Cheers, Lacey
      PS. Should also mention that in Australia, health services and education are 'free' (we still pay in the form of taxes from our incomes). For those who can't afford it, there's welfare that covers food and shelter. But those who earn an income (or don't earn an income but also aren't eligible for welfare - bound to be a few of those) pay for their own food and shelter.

  • Michelle Marie
    Michelle Marie Месяц назад +1

    I love this concept. A planners dream, a client who has a lifestyle plan that drives a committed savings plan. Great idea👍🏽

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks @Michelle Marie! Glad you liked it :) Cheers, Lacey

  • Jason Fan Club
    Jason Fan Club Месяц назад +2

    You have to make at first a lot of money to invest and retire early. I am investing myself and it will never get to the point where I can only live with the shares. Or maybe if the indexes and stocks start to explode.

    • thoreauords
      thoreauords Месяц назад

      Not necessarily. It's all about what percentage of your income you spend. The idea is to minimize expenses and maximize income. The difference to be invested wisely. If income is your issue, then you should be actively working to increase that. I've been saving at least 15% of my income ever since I was earning $12/hour. Still to this day I make less than 50k a year but save at least 30%. Where you live can factor in to that, but a lot is due diligence. Scrutinize every purchase you make

    • Maker Kids Club
      Maker Kids Club Месяц назад

      @Jason Fan Club, I think of it as a 'how long is a piece of string' thing. If you have a lower income, it will take you longer, and yes you may never get there. But if you save and invest even a little for 40-50 years, there's a good chance you'll get there thanks to the power of compounding. I reckon you're better off for having tried, right? Cheers, Lacey

  • Sarah Simon
    Sarah Simon Месяц назад +4

    Much better to be financially independent or well on the way there than to complain in social media comments about other people who are FI. Be the victor, not the victim. Captain your own destiny. Overcome your setbacks instead of letting them define you.

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Love it @Sarah Simon :) Cheers, Lacey

  • Anelxander Perez
    Anelxander Perez Месяц назад +1

    I loved this talk! A great way to start my year! Thank You!!!

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks so much @Anelxander Perez! Thrilled to hear it :) Cheers, Lacey

  • Bruno Freitas
    Bruno Freitas Месяц назад +6

    Key Phrase(@13:50): "They (people who reach financial independence) get to choose how they spend their time!"
    This Video was posted on my birthday. The content of the video is amazing and is really what I needed to hear. Thank you so much for this. In a few years, this video will get millions of views.

    • Bruno Freitas
      Bruno Freitas Месяц назад +1

      Oh my god, I can't believe that you actually replied my comment! You made my day. I have been trying to build my secondary source of income and it has been quite a journey. I really hope that I can reach F.I.R.E and become time rich. Thanks again for your time, patience and for sharing your experience with us. You are an amazing person. Cheers from Angola, Africa. +Maker Kids Club

    • Maker Kids Club
      Maker Kids Club Месяц назад

      What a wonderful coincidence - and happy birthday for the 27th of November! Absolutely thrilled to hear you liked it :) Cheers, Lacey

  • Karolis Dul
    Karolis Dul Месяц назад +1


    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks @Karolis Dul :) Cheers, Lacey

  • Сімейний Бюджет - Все про Домашні Фінанси

    thank you so much! it's one of the best videos I've seen in 2008.

  • Eleanor Sheekey
    Eleanor Sheekey Месяц назад +1

    Oh my wow, this was such an inspiring talk

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thank you @Eleanor Sheekey, thrilled to hear it :) Cheers, Lacey

  • komradkyle
    komradkyle Месяц назад +1

    This is great

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks @komradkyle, glad you liked it :) Cheers, Lacey

  • Shamin
    Shamin Месяц назад

    This is why women can't be CEO. They are not suited to working all the time

    • Sophie Gist
      Sophie Gist Месяц назад

      Retiring early will prove people like Shamin wrong, it's the 21st century people, so go for it ladies I know I am

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      +Victoria Saprykina you rock :) Cheers, Lacey

    • Victoria Saprykina
      Victoria Saprykina Месяц назад +2

      Women are actually more suited to important positions than men. The empathy they can display makes it easier to make corporate decisions. The reason you don't see many women in such positions is due to people such as you that inhibit our path to equality and equity. Kindly do not express such opinions, when countless women have had to fight twice as hard as you ever will for half as much.

  • WenSaiPanther
    WenSaiPanther Месяц назад +4

    She was on her way to becoming rich anyway with her engineering degree and job.

    • Maker Kids Club
      Maker Kids Club Месяц назад

      +WenSaiPanther you're right, I was on my way to being rich if I stuck with the engineering-to-CEO path that a lot of people like me (at that time) aspired to, partly because I started investing so early, before I was an engineer (yay for compounding). But I'm glad I changed track :) Cheers, Lacey

    • WenSaiPanther
      WenSaiPanther Месяц назад +1

      +Victor Orego oh yeah I got that too. It's just that some people take the good life they have for granted, is all I'm saying.

    • Victor Orego
      Victor Orego Месяц назад +1

      Yea but how much of her time would have been tied down to her job. Her whole idea was about being time rich aka having more time and not just trading it for money

  • Dana Lissy
    Dana Lissy Месяц назад +2

    I did exactly that since childhood... could retire at 43 ! Now I am traveling, enjoying a frugal but wonderful life ! All I own fits into a small suitcase on wheels... Works ! We don't need more that that ! 😉

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Awesome! Well done Dana Lissey, thanks for sharing :) Cheers, Lacey

  • Israel T.
    Israel T. Месяц назад

    מה היא מבלבלת את המוח???

  • garnhamr
    garnhamr Месяц назад +2

    just need to get the other 7.7 billion people on the planet to agree and then we can all live happily

  • Neal Wailing
    Neal Wailing Месяц назад +1

    Over-privileged windbags!

  • Abena Amaka
    Abena Amaka Месяц назад +7

    If we cut out animal agriculture our food shortage and half our environmental problems wouldn't exist.

    • Guyin Cognito
      Guyin Cognito Месяц назад +6

      What does that have to do with this video? I think you must have posted in the wrong video. The “ hi random people I’m a vegan” video is on another channel

    • Stefen Thompson
      Stefen Thompson Месяц назад +1


  • Light Mystic
    Light Mystic Месяц назад +4

    I love this lady.....its so true what she said...as i am time rich too since i start working in my own business 7 years ago..when i was 35..I choose when i work and where i work. i am not a millionaire but have enough saving to live with time rich.....the key is saving and investment.

    • Light Mystic
      Light Mystic 27 дней назад +1

      +DDD ZZZ I am a migration consultant.....but there are many options for you to choose as per your interest and ability.

    • DDD ZZZ
      DDD ZZZ Месяц назад +1

      Excuse me, what kind of business did you start? Im also thinking start my own business

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks @Light Mystic! Agreed re: saving and investment :) Cheers, Lacey

  • Maker Kids Club
    Maker Kids Club Месяц назад

    From Lacey, on debt: I've seen a lot of comments on here re: being in debt and that being a blocker to financial independence (FI). I absolutely agree. Bad debt sucks, and you can't get far on the FI journey with that hanging over your head. I've got a free course on debt you can take through Udemy (head to Udemy, look up Money School: Debt). I don't get any of your contact details because Udemy keeps everything except your name and country private, so you don't have to worry that you'll start getting a bunch of emails from me :) It's a basic course, but might help some of you get your debt sorted. I hope you find it useful. And thank you everyone who has watched this and taken the time to like/comment - I'm staggered by the interest it's sparked, and grateful for your support. Thank you! Cheers, Lacey

  • Soon Huat Sim
    Soon Huat Sim Месяц назад +3

    End of the day, learning to invest is key. No matter how much you earn, without proper investment you’ll never reach retirement.

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Yes, yes, yes. Totally agree Soon Huat Sim. You must save, then you must invest those savings. Thanks for the comment :) Cheers, Lacey

  • shamone10
    shamone10 Месяц назад +2

    This is one of the best TED talks I've watched, was absolutely glued to it and agreed with everything!

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Wow, thank you so much! Thrilled to hear it :) Cheers, Lacey

  • SpidersInMyKeyboard
    SpidersInMyKeyboard Месяц назад +46

    I think this is well meaning. But, she's really only talking to a small subset of the population of the planet. People in developed western countries that have their education provided for in some capacity and are very young. Honestly, I think she is very privileged and doesn't know it. She got very sick from stress and it changed her life? I think it changed what she could reasonably expect of her self and the rest is details.

    • Mike Haydon
      Mike Haydon 10 дней назад +1

      Well yeah, she's at TEDx at the top university in Perth. Of course she's talking to a certain set of people. How would one expect to give a coherent message to all people?

    • laBelle
      laBelle 23 дня назад +2

      I appreciate the conversation in this thread. Some good points brought up and respectfully discussed. I am going to look into this program and see if it is doable for me.

    • Zach Darr
      Zach Darr Месяц назад

      Stress is what happens at work, that's why we get paid lol.
      She asks why do we spend all our time at work..... hello? Survival. Because I dont have a million dollars.
      I work in manufacturing machining parts holding +/-.005mm tolerance, stress happens, and meeting deadlines is a real thing.

    • Sophie Gist
      Sophie Gist Месяц назад +3

      I agree but also think even poorer people can do it and anyone in between. There's a USA janitor who's rich just from consistently living within his means, think he carries on working.

  • The Crab
    The Crab Месяц назад +1

    SHE SAID *over population* can you see Agenda 2000?

    • Q*bert
      Q*bert Месяц назад +2

      +The Crab We're stripping the rain forest at such an alarming rate that we're driving species into extinction before we can even discover them. Do you have any idea on what's going on with the sea? It's not pretty either. The sea is rising and the land in going under water in many places and will continue to do so at alarming rates. Climate change is here in full force already and we're doing nothing to stop it. We're not only over populated but we're grossly over populated. We're living nowhere close to sustainability. I fear corrupt governments which are of course the major ones will soon come to understand this and they will cure the issue in a corrupt manner if we the people don't get our acts together and handle it in a humane manner.

    • The Crab
      The Crab Месяц назад +1

      +Maker Kids Club i meant Agenda 2030. A UN programme renamed *Sustainable Development* because it caused soo much tension. Search on RU-clip to learn more... it is shocking. We are getting cooked like *The Boiling Frog*

    • The Crab
      The Crab Месяц назад +1

      +Q*bert the world is not overpopulated. China has a bigger population than tge whole of Africa.
      The problem is that the 1% feel threatened by an ever increasing number getting into their group. And they are lazy because a large population requires them to give up unconditionally the controls of resources.
      The EARTH has enough resources for 100x the current population. The problem is wasteful attitude, lack of distribution networks/infrastructure and GREEDY few who hate sharing.
      Look at the expands of land in each country. Russia, China, Arabian deserts and Africa, South America everywhere there is large swaths of land that we can develop sustainably. Reduce the deserts etc. But we are busy planning killing off others so we can live happily.

    • Q*bert
      Q*bert Месяц назад +1

      +Maker Kids Club I think she's concerned about what you might have in store for the over population issue. Some people think of mass killing and taking away their right to reproduce are the methods,not understanding there are humane ways to combat over population.

  • olzt100
    olzt100 Месяц назад +2

    A solid bit of advice for recent grads is to save most of your money for the first five years of employment. If one were to live in a van for five years they could save the rent money. In large cities that savings could reach over 45K. The life style is tough and takes a lot planning but with 45K you can start your own business and be your own boss. You can learn to trade and have money to work with. Living in an apartment you will not save nearly that amount of money.

    • Q*bert
      Q*bert Месяц назад +1

      It's not that easy. Most business fail. Working for yourself isn't possible for most people because most people lack the discipline it takes to run a business. Most business will take you working them 80 hrs a week for 10 years if you want to make it. Not everyone could do this either,as there needs to be employees for business to run. Without the masses working 40 hrs a week for the current business,those would go under.

  • toob
    toob Месяц назад +1

    This is one of the most valuable TED Talks and needs to be shared with millions! Thank you for your amazing presentation! :)

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Thrilled you liked it toob, much appreciated :) Cheers, Lacey

  • Seth Clayborne
    Seth Clayborne Месяц назад

    66 consumer mind set wastes of space gave this video a thumbs down

  • periklis spanos
    periklis spanos Месяц назад +1

    She's boring why she's makes that much

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      If that's the secret, I better get even more boring ;) Thanks periklis spanos... I think. Cheers, Lacey

  • Georgije2
    Georgije2 Месяц назад +6

    I'm afraid many people don't have this luxury. In my country the average monthly wage is about 400€ above the minimum standard of living and a proper home costs 200.000€. So if the average couple wants to buy an appartment they have to spend all of their disposable income on it for 20 years. They are in no position to consider an early retirement.

    • Georgije2
      Georgije2 Месяц назад +1

      +Maker Kids Club most people want to own a home, i guess it's a sort of national obsession. But since rents are around 500€ per month, i don't think renting makes sense in the long term. If you are lucky, your parents can help out with savings of their own.

    • Maker Kids Club
      Maker Kids Club Месяц назад

      @Georgije2 wow that's a small margin. Is home ownership a common aim where you live, or do most people prefer to rent long term? Cheers, Lacey

  • Nal Molen
    Nal Molen Месяц назад +1

    Ahh, a life lived without being chucked into complications. I've heard of people like these, I just didn't know they exist...

  • Sam Kimani
    Sam Kimani Месяц назад +1

    Inspiring. Well advised

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Thank you Sam Kimani, thrilled to hear it :) Cheers, Lacey

  • B-Rain Wash
    B-Rain Wash Месяц назад +2

    This is the type of information that'll have me happily slaving away thinking about mini-retirement🤔😁

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Ha! Hopefully the slaving away is not indefinite :)

  • J K
    J K Месяц назад +3

    I stopped watching this vid after 1 min. Not practical to those of people who resides in USA.
    People got tons of debt. House price is expensive. Mini-retirement now? you gotta be kidding me.

    • Sergio Aguirre
      Sergio Aguirre Месяц назад +5

      You obviously have a very small, closed mind. The US is probably the easiest country to build wealth and implement her strategy.
      Your mindset is employee which is why you choose to deny the reality of others living a better life.

    • Q*bert
      Q*bert Месяц назад +2

      It's impossible because you believe it is. Henry Ford said "whether you think you can or you think you cant,your right."
      If your living in debt,your living outside your means. You need to get your head around this fact first. If you don't,you'll always live in debt instead of living ahead and investing. What kind of car do you drive? If it's not a small 4 cylinder beater but a big gas gussling truck,why? How big and fancy is your apartment or house? You can't live in something much more modest or even downright awful for a while instead? These are the choices you need to make.

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      @J K what a shame. Though it might interest you to know that Australians have the highest rate of household debt in the world. Paying off debt is essential (even better is avoiding bad debt if you possibly can).

  • Vacation Impossible
    Vacation Impossible Месяц назад +5

    Travel is so important and great for perspective

  • Mike McCullough
    Mike McCullough Месяц назад +7

    Great presentation. One factor that often gets overlooked in FIRE is family planning. I’ve seen a lot of parents make FIRE work with two or less children at home, but less so with higher numbers. I have four children, but I was able to mitigate some of the costs by having them work on my investment property and in my small business to cover many of their expenses. I’ve met several couples in their mid fifties that had several children young (20s to early 30s), but were financially free and living well because they really had no choice when they were younger but to save everything they could just to survive. The kids never complained about thrift store toys and cheap furniture, and didn’t seem very upset about not being enrolled in ten different activities simultaneously. We never promised free college tuition and made them take as much responsibility as they could handle. I think that’s essential when more than two kids are around. I’ve also met plenty of couples that have had a really tough time acquiring wealth once the family has more than five kids. Something to consider. If you really visualize a lot of quality time with a large family as essential to your retirement plans, great. Just plan on working a little harder and retiring a little later.

    • Maker Kids Club
      Maker Kids Club Месяц назад

      +Names Been Used I laughed out loud at this :) Might show my husband! Cheers, Lacey

    • Names Been Used
      Names Been Used Месяц назад +2

      Getting the snip on Friday

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Such a good point Mike McCullough. I like your pragmatic approach: it's about how quickly you can get there, and it might take longer if your overheads increase like they would with more kids. Thanks for the comment :) Cheers, Lacey

    • Dew Time
      Dew Time Месяц назад +1

      Mike McCullough great observation. I know for a fact I want more than two kids. But I also have to balance it with my desire to acquire as much money as possible. So three is the minimum for us but it’s also the max.

  • Lee Bailey
    Lee Bailey Месяц назад +1


    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thank you Lee Bailey :) Cheers, Lacey

  • Swamp Turtle
    Swamp Turtle Месяц назад +1

    People in prison are also time rich

    • Maker Kids Club
      Maker Kids Club Месяц назад

      An interesting perspective @Swamp Turtle :) Though would you say prisoners have a lot of say in how they spend their time? I'd expect that they've got a very limited number of choices. Cheers, Lacey

  • raju kumar
    raju kumar Месяц назад +2

    such a great inspiration.
    time&freedom are wealth

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks raju kumar, glad to hear it :) Cheers, Lacey

  • Tiro Lekubu
    Tiro Lekubu Месяц назад +1

    This is honestly AWESOME!!!

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Thrilled you liked it, thanks Tiro Lekubu :) Cheers, Lacey

    The GODFATHER Месяц назад +2

    Very nice motivational video, informative as well as sentimental on the same time, sorry for your young sister.
    I live in India, practice medicine , work only for 10 to 15 hrs a week. Enjoy my life to the fullest with my family and a 🐕. Insisted my father to retire last year ( age : 53) . Invest in assets.
    But yet to take long vacations though. ;)

      The GODFATHER Месяц назад +1

      +Maker Kids Club :)

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Sounds like 'take long vacations' might be worth adding to your 2019 intentions list ;) Awesome that you have found a great balance to enjoy time with your family and pet plus work, congratulations! Cheers, Lacey

  • Madeline
    Madeline Месяц назад +123

    I disagree w/ the notion that we all have the same 24 hours in a day. The average person doesn't have a housekeeper, personal cook or a nanny.

    • Human
      Human 2 дня назад +2

      +liarzdice Well said. I had a similar path to yours. I am now independently wealthy. I focused on my future goals, like never going hungry again because I did not have the money to buy a loaf of bread. I never let myself forget where I came from. Independently wealthy, not rich. I can live off my $$$ & the dividends & interest a portion of the $$ produces. Lots did and do better. I did the best I knew how everyday. No coffee st a coffe shop. Too expensive & thereby not part of my planned path to never going hungry again.

    • Human
      Human 2 дня назад +1

      I wonder what it is like to have a maid, house keeper, some one to cut the grass... at home.

    • Steve Parry
      Steve Parry 3 дня назад +2

      But surely there are 24 hours in each day for everybody. Its how we use it or how we have to use it that is different for everybody and how we use the time is based on our circumstances and choices ( which differ depending on circumstances )

    • Lucky Duck's Nest
      Lucky Duck's Nest 4 дня назад

      Or can afford to go flying off to other countries because they are stressed.

    • liarzdice
      liarzdice 13 дней назад +3

      +Amirul Naim Mahmud Or they just decided at an early age what their core values were. She already had the habits of a wealthy person - valuing assets over liabilities and saving money. The FIRE movement is in essence a way to point your finger and say yes, that's me, and find like-minded people who further optimize their lives.
      I didn't start until I was nearly 30. Had debt in my 20s. No help from family, emotionally or financially. I may not be financially independent nor will I retire before 40 but I'm definitely on the path to by 50. It's all about choices, what you value and being intentional. There are no victims; it's a matter of what you're willing to or not to do. It's always up to you.

  • Luzani Gugu Mothobi
    Luzani Gugu Mothobi Месяц назад +1

    Thank you Lacey, loved this talk.

    • Maker Kids Club
      Maker Kids Club Месяц назад

      You're most welcome Luzani Gugu Mothobi, thrilled to hear it :) Cheers, Lacey

  • Next Developments
    Next Developments Месяц назад +1

    Love Aussie FIRE!

  • Domain Admin
    Domain Admin Месяц назад +1

    Outstanding. Thank you very much.

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks Domain Admin, thrilled you liked it :) Cheers, Lacey

  • Venu Gopal MV
    Venu Gopal MV Месяц назад +3

    Thanks for the Video. Is weekend not a mini retirement ? Please tell me one retired musician. When we do not love our work yes, we need to stop it not to retire I think.

    • Venu Gopal MV
      Venu Gopal MV Месяц назад +1

      +Maker Kids Club Thank you for taking my feedback positively. However I like your way of presentation the concept before the audiance and with a humble and confident body language as a Orator. Great Job. Keep going.

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Agreed Venu Gopal MV - stopping work we don't love is a great idea. Whether it's for a retirement/mini-retirement/change of job is just semantics I guess. The mini-retirement theory is that it's breaks of 1+ month (according to the guy who coined the term, Tim Ferriss, in his book Four Hour Work Week which I mention in the talk). Though it would be nice if weekends were enough to get the same effect :) Cheers, Lacey

  • Mark Crawford
    Mark Crawford Месяц назад +3

    This is - if not a literal pyramid scheme - certainly a type of pyramid logic. Gives TedX a bad name.

    • Madeline
      Madeline Месяц назад +1

      @Mark Crawford could you elaborate, please?

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      ​+HodgePodge Henry Good summary. I share your concern re: taking advantage of people in debt, but given the world economy is something in the order of $60 trillion and $54 trillion of that is debt, pretty much everything is funded that way when you get down to it :)
      Mark Crawford, pyramid schemes work by funnelling money up to the origin of the scheme. Not sure how any FIRE enthusiast would financially benefit from others getting on the same path, even in an obtuse 'buy the same index fund' way. Can you elaborate on why you think it's a pyramid scheme? Cheers, Lacey

    • HodgePodge Henry
      HodgePodge Henry Месяц назад +1

      I'm definitely not saying that this is the only way. Clearly it's not. But it's a route some people have taken. Personally I have concerns about the fact that returns from investments often mean you're making money from people in debt, or other not great ways of making money. But the idea that you can take some control of your spending and finances and plan for your future is perhaps something that we as a social do need to talk about more. No you can't forecast the future, but it is true that money gives you options.

    • HodgePodge Henry
      HodgePodge Henry Месяц назад +2

      The advice has been around for some time - basically, keep account of what you're spending and on what, consider ways to save money and build up savings, consider increasing your earnings to help you do this, then look at ways to invest in assets that will give you an income stream, build your savings & investments some more. If done well you will build enough non-work income that you will be able to take either longer breaks from work, retire early or reduce your work hours. You don't buy a secret magic something, it is not a pyramid scheme. It's not quick, it's not a sure thing (you actually have to put the work and reflection in).

  • Carlos Muentes
    Carlos Muentes Месяц назад +61

    Working over 60? Who’s gonna hire someone over 60, especially in tech? Unfortunately ageism is a real thing and it’s not practical to think you cam semi-retire then unretire on a whim and just go find a job.
    Just stop spending, create multiple streams of income, and don’t have a health problem take you down. Life is easy!
    Seriously I’ve got 3 streams of income now and hope to build 2-3 more over the next 5 years and things go as planned I’ll be ready to retire just over 40 🙌🏽

    • Blue Pebbles
      Blue Pebbles Месяц назад +1

      Carlos Muentesb that’s nice..mind sharing your current age?

    • DDD ZZZ
      DDD ZZZ Месяц назад +1

      You are right. It is difficult to find job after 45

    • jmitterii2
      jmitterii2 Месяц назад +1

      Carlos what are those 3 streams of income you have? Royalties? Real-estate? Stocks? What?

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      +olzt100 agreed - you need an income first. Then you need to keep a large proportion of the money you earn. But the earning part is essential. Cheers, Lacey

    • olzt100
      olzt100 Месяц назад +3

      People need income not jobs. So creatng multiple streams of income is the goal to reach financial independence. Unfortunately to, get those streams of income one needs a wealthy family or a job.

  • Pauline Whalen
    Pauline Whalen Месяц назад +1

    Good advice

  • TheBootJournal
    TheBootJournal Месяц назад +1

    Great talk. Well said.

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Thanks TheBootJournal, glad you liked it :) Cheers, Lacey

  • jarekichi
    jarekichi Месяц назад +1

    Great job Lacey. Well done!

    • Maker Kids Club
      Maker Kids Club Месяц назад +1

      Thanks jarekichi, much appreciated :) Cheers, Lacey

  • Hamburg
    Hamburg Месяц назад +37

    Thank you Lacy, greetings from Germany. Your story is almost identical to ours. I love how you own and share your success story. My husband and I have been on f.i.r.e since my early 30s (I'm 48) but have been keeping it on the super-low because we don't want people to get jealous. That may be the wrong attitude. I know that our sons (16 and 13) are watching us and absorbing what they see. Maybe I should also share my story with kids in Germany to ignite the spark.

    • Bruno Freitas
      Bruno Freitas Месяц назад +1

      Yes please share. I would like to hear it

    • toob
      toob Месяц назад +2

      My husband and I as well!! Wishing you guys a beautiful life! :)

    • Dew Time
      Dew Time Месяц назад +5

      Hamburg share your story but only with those you trust. And never push your beliefs on them. Your instincts are correct in thinking most people will be jealous.

    • Jessie Lewis
      Jessie Lewis Месяц назад +2

      I want to know your story!!

    • Kat1989
      Kat1989 Месяц назад +3

      Das solltest du! :)

  • David Krane
    David Krane Месяц назад +6

    This is a long-winded way to say “score a substantial income in a specialized job and live with austerity so you can save yourself right before you want to kill yourself”. Cookie cutter neoliberal advice

    • john smith
      john smith Месяц назад

      yea such a conspiracy. cant wait for infowars to talk about it

  • Nchang najeh
    Nchang najeh 2 месяца назад +1


    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thanks Nchang najeh! Thrilled you liked it :) from Lacey

  • roldinei Teixeira
    roldinei Teixeira 2 месяца назад +1

    Lacey. Thank you for sharing you experience. I have 28 and two years ago learned about the importance of saving for the future and for having time for what really matters! This kind of speach change lifes!

    • Maker Kids Club
      Maker Kids Club Месяц назад

      Wow, thanks roldinei Teixeira! Thrilled to hear it :) Best wishes on your saving journey! Cheers, Lacey

  • kalpesh patil
    kalpesh patil 2 месяца назад +1


    • Maker Kids Club
      Maker Kids Club Месяц назад

      Thank you kalpesh patil, much appreciated :) Cheers, Lacey

  • Bezoozi me
    Bezoozi me 2 месяца назад +3

    By the way this does not apply to majority of Americans. Retire in your mid 60's after the boomers are done . haaaa

    • Josephine Bournes
      Josephine Bournes Месяц назад +2

      Buy less, save consistently, invest wisely...there you go!

    • Leif Seed
      Leif Seed Месяц назад +3

      It applies if you paid attention