1530: Investment Workshop 42 - Double Fisting Your Retirement Accounts by Wanderer of Millennial Revolution

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 18 May 2021

⏱️ 10 minutes

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Summary

Wanderer of Millennial Revolution talks about double fisting your retirement accounts. Episode 1530: Investment Workshop 42 - Double Fisting Your Retirement Accounts by Wanderer of Millennial Revolution Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world seeking out knowledge from other wealthy people, so he can teach people how to become financially independent themselves. The original post can be seen here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-42-double-fisting-retirement-accounts/ Let Ryan Reynolds help you cut your wireless bill to 15 bucks a month at mintmobile.com/OFD Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 1530, investment workshop 42, double fisting your retirement
0:08.0	accounts by wanderer of millennial-revolution.com, and I'm your host and personal finance enthusiast,
0:15.5	Diana Miriam. This is the show where I serenade you with the sweet sounds of personal finance
0:20.9	knowledge from some of the best blogs on the planet, with the author's permission of course.
0:25.8	And before we get to it, have you subscribed to our other podcasts?
0:29.4	We cover personal development and minimalism, health relationships, entrepreneurship,
0:34.1	and life advice on the other shows. Just search for Optimal Living Daily wherever you get your
0:39.0	podcast to find them. For now, let's hear today's post and start optimizing your life.
0:44.3	Investment Workshop 42, double fisting your retirement accounts by wanderer of millennial-revolution.com.
0:58.2	So a few weeks ago, we were in Germany and I met up with a fellow blogger Justin McCurry
1:03.0	from rootofgood.com, who was also traveling through Europe with his lovely wife and family at
1:08.4	the time. And in our booze socked afternoon, the topic of taxes inevitably came up. Shut up,
1:15.4	don't judge. This is how conversations with fires usually go. Anywho, the thing about Justin is
1:21.3	that he's a master life hacker. I mean, all of us five people are life hackers, but Justin takes
1:26.8	it to a level that impresses even me. This is a guy who deliberately took on student debt because he
1:32.7	was able to somehow get it at a rate of 0.75%, then turned around and invested it in
1:39.3	treasuries and made money off of it. That's right, Justin actually made money off of student loans.
1:45.6	So when he told me about how little he paid in taxes, I wasn't surprised. As early retirees,
1:51.6	the tax laws in the US and Canada are super accommodating, and oftentimes you can get away with paying
1:57.6	almost nothing in taxes even with a million dollar investment portfolio. But what surprised me was
2:03.5	the fact that even while he was working at his full time job, he was still able to reduce his
2:08.8	tax bill to almost nothing. In fact, when he was working, him and his wife were making a combined
	...

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