Each asset, each purpose

[Agbamoni]

So lately, I've been willing to have this discussion with my brothers and sisters. In the process of building our life, most especially for us who have plans to retire at the age of 30, there are things we need to set in place towards financial stability for now and in the future.

Now, let's discuss!

Firstly, I came up with the theory that each asset serves a different purpose, though we may see it from a different angle. However, in the discussion of wealth, investment, or inheritance. I think there is an asset that best fits each of them. It can be different depending on the country, right now we are focusing on our country, and as a citizen, how we can grow into wealth within out country.


Personally, I planned on having;

One asset for income
One asset for growth
One asset for security
One asset for inheritance
One asset for liquidity

Could be more as time goes on

Generally, this is my conclusion;

Cash an asset for survival
Business is an asset for a steady income, and can also be for inheritance
Stocks are an asset to elevate your finances and growth
Real Estate is mostly for Wealth and a backup for inheritance
Gold mostly for value protection.
Bitcoin acceptable future store of value and inheritance
Land is acceptable for inheritance.


Public disclaimer: I am not a financial advisor.

[Spaceman1000$]

Your concept is ideological enough, however in attaining such level of assets availability, you need a huge level of financial support base, and for somebody who wants to retire in his 30s it then means, you're income accessibility will be astronomical for you to have some of these assets you are outlining because these are something that naturally take years to build, and it's not always easy to do that in your 20s, at best you should be attaining such possession within early 40s. Why am saying so is that, hence the intention is clear, it's always good to create room for hiccups, as having some of this assets is not like a rollercoaster kind of a thing, it takes time.

[Fiatless]

Retirement at thirty? Is it a full or partial retirement? I am wondering what one would be doing after retiring at this early age  . However, the earlier you retire, the better your life becomes.

Having a business, assets, and emergency funds are important. Diversification of income to risky and safe-haven assets is also essential. Just ensure that you have a good investment, spend below your means, and avoid debt; hopefully, you are on your way to early retirement.

[Mate2237]

Everything you have mentioned here boils down to Money because, going through your thread it sounds like a billionaire mindset and plan investing in different assets which will serve different purposes for you on the long run. I kind of buy into your ideology but  this is not possible without having enough money to execute it. Your Idea is for those at the highest level of the financial pyramid who have much leaverage to financial control but for the one who is just trying to start building wealth one or two asset is good for him.



It's important that we all have plans towards our retirement as we can't be active for ever in life. So this is the reason why we should put up systems that will be working for us even if when we get weak and is not there again this is were investment comes to play.

[Cryptomultiplier]

This is going to add up to form a huge portfolio that may require you hiring the services of brokers and managers to manage them, because some of the problems investors have is keeping abreast with every investment unless they have personal assistance or brokers who do such investment for them.
It is indeed a good idea when considering diversification into various asset class and the thing is also about the taxing system that would come down heavily on these assets.

[mu_enrico]

Well, you can do it if you have lots of cash to begin with, so this kind of thinking won't be applicable to most people.
Just save enough money for six months of living costs in your bank account first.
Then you can choose to invest in ETFs, stocks, and crypto, since they can be bought fractionally.
This kind of thinking is often called the layered method, since an average person can't just build an ideal portfolio right away. The idea is to build it layer by layer.
Other things like gold, real estate, and so on can be added later if your income increases enough.

[Fortify]

So lately, I've been willing to have this discussion with my brothers and sisters. In the process of building our life, most especially for us who have plans to retire at the age of 30, there are things we need to set in place towards financial stability for now and in the future.

Now, let's discuss!

Firstly, I came up with the theory that each asset serves a different purpose, though we may see it from a different angle. However, in the discussion of wealth, investment, or inheritance. I think there is an asset that best fits each of them. It can be different depending on the country, right now we are focusing on our country, and as a citizen, how we can grow into wealth within out country.

Generally, this is my conclusion;

Cash an asset for survival
Business is an asset for a steady income, and can also be for inheritance
Stocks are an asset to elevate your finances and growth
Real Estate is mostly for Wealth and a backup for inheritance
Gold mostly for value protection.
Bitcoin acceptable future store of value and inheritance
Land is acceptable for inheritance.

I am of the philosophy of "KISS" in life - Keep It Simple, Stupid. This concept you have come up with seems overly complicated and many assets will fulfill multiple roles rather than just one. Like, you can have assets that achieve growth while generating an income and have fairly high security. Trying to stuff a single asset into one category seems like a bad idea and there are better ways to diversify your portfolio. It's all relative to timescales as well, because you mention gold for value protection but if you'd have bought some a few weeks ago in the spike, it'd be years before you potentially recover to the point where it has protected your value. Land and real estate are often intertwined, but I don't really know why you'd bother calculating inheritance into your investment decisions unless you're at the far end of life - it's not a consideration for most people even beyond middle age.

[Dareo]

However, it is more important to my mind to know your capacity and consistency before holding so many different assets because no matter how good the plan is, if it cannot be maintained on a regular basis its value decreases. Another thing is that there is no need to start everything at once. Many times a simple set up is more effective. For example a stable source of income and 1-2 investments which can be managed properly can be slowly built up to a good base then with time as experience builds up over time the portfolio will naturally be built up.

[BABY SHOES]

Retirement at thirty? Is it a full or partial retirement? I am wondering what one would be doing after retiring at this early age  . However, the earlier you retire, the better your life becomes.

Maybe I will not be able to retire at a young age by already having a lot of assets in my possession, in the sense that when I am under 30 years old my income must be large so that I can buy some assets and property that I want... unfortunately that cannot be done by many people.

Of course I have a good plan if I have a lot of money, maybe like you mentioned it's one of the plans from a long time ago where I want to have a lot of assets.

Fixed income is still there.
The business is still running.
Real estate owns several plots of land.
Gold and Bitcoin are long-term investment assets.

What can be done now is just investing in bitcoin and not much... if I have to have a lot of all that then I have to work hard until old.

[aylabadia05]

Generally, this is my conclusion;

Cash an asset for survival
Business is an asset for a steady income, and can also be for inheritance
Stocks are an asset to elevate your finances and growth
Real Estate is mostly for Wealth and a backup for inheritance
Gold mostly for value protection.
Bitcoin acceptable future store of value and inheritance
Land is acceptable for inheritance.

Being able to retire at age 30 and truly enjoy life—that’s truly amazing. To me, that’s a jackpot because very few people ever reach that point. Maybe they’re the children of someone with extraordinary wealth, or people with incredible luck. They’re truly rare individuals, unlike the many stories I’ve read over the years.

My conclusion on enjoying retirement is quite simple: to enjoy it with a deep sense of gratitude.
What I need is already here, and my needs are not like those of a 25-year-old.
Being able to help those in need is something I truly desire.

[Ryu_Ar1]

It becomes an ideological step as an initial planning but we need to see that all of that will only be able to happen when we have money and it cannot be denied that each of us has a different financial level here.
The steps you take will be able to happen when we have privileges such as financially secure from the start or there is already a successful enough business that this planning including early retirement will be able to happen, but when not it will be very difficult to realize this because it will be very difficult to get several things including investments in several fields at once at a young age.

This will be a good step when we have a financially secure level from the start but when referring to most who are even pioneers not inheritors from the start then this plan is a little difficult (not impossible) but it takes extra effort to make this a reality.

[JoyMarsha]

This approach to retiring early feels so good to think of, and my question to it is, how would you be able to make up for all these investments each time, knowing they are on the high side(their prices), is not what someone can get the whole money to start up with, without acquiring any of them with the little money they have, with time it boom.

However, all these mentioned assets are for the future investment. None of them could make anyone to be millionaire overnight without a long term foresight. They can choose to diversify their invested assets

[Arenga pinnata]

The most important part is actually accumulating those assets. It’s not easy in today’s world to build stable wealth. But that doesn’t mean it’s impossible. The key is simply having a substantial income. From there, we can start investing and putting capital into businesses that can eventually generate passive income when we’re no longer young. Unfortunately, very few people manage to achieve financial freedom at a young age. Most people are over 40. And even that is very rare. Because most people don’t even manage to achieve financial freedom in their lifetime. Sometimes it’s not about mismanagement or anything like that; luck also plays a significant role. Because building a business and investing sometimes require a bit of luck above all the existing theories to achieve it.

[Davidvictorson]

Generally, this is my conclusion;

Cash an asset for survival
Business is an asset for a steady income, and can also be for inheritance
Stocks are an asset to elevate your finances and growth
Real Estate is mostly for Wealth and a backup for inheritance
Gold mostly for value protection.
Bitcoin acceptable future store of value and inheritance
Land is acceptable for inheritance.

This is a good way of thinking about the future which starts today.
And honestly this is what the wealthy people do. They spread their assets and have it for several purpose one of which is for preservation. However, you you need a competent team to help you manage it properly if not, it will be mismanaged by folks who don't have the same vision as you do.
I just want to mention that if you plan to do this, then you cannot even think of retirement. What I have noticed with the rich is that they don't retire, they keep building the wealth and preserving them in various asset forms. Not that they want to but they just do it because they love it.

[Nathrixxx]

All our assets must be well secured, which is why many consider security when investing, also in addition, all factors have to be considered such as what we can afford and we must ensure that we make use of them judiciously for our own advantage, we can only blast off an asset when it is profitable and not a liability.

[Ziskinberg]

Your concept in life is very much ideal, and as much as everyone would also aim to achieve it, but with lack of opportunities and chances, even a single asset may even be hard to achieve. Still, at the end of the day, it depends on your life's approach and strategies, along with luck in life.

Hearing early retirement feels like a music to my ear, but with the current challenges in life, retiring at 30 seems not applicable for everyone especially those who started late in their investments and wealth accumulation, or those who have not started at all because until now they are still doubting their capabilities and skills if they can sustain it all throughout in life.

[Questat]

This should be the goal and purpose of every human being. But, since everyone is unique, some would adapt your way of thinking, while others will likely to reject it, and it boils down to an individual how he is capable to make money and earn valuable amount.

You are right, each asset, each purpose, that is if you are born with equal opportunities to make your skills and strategies in life bring you to a bigger heights. But what if you are not given those privileges and chances? Would you stick to it and pursue that kind of goal, or just stick to what you're only capable of doing.

[Zaguru12]

This approach to retiring early feels so good to think of, and my question to it is, how would you be able to make up for all these investments each time, knowing they are on the high side(their prices), is not what someone can get the whole money to start up with, without acquiring any of them with the little money they have, with time it boom.

However, all these mentioned assets are for the future investment. None of them could make anyone to be millionaire overnight without a long term foresight. They can choose to diversify their invested assets

Exactly this assets wouldn’t buy themselves you will definitely be rooted or having a very good source of income to have the means for all this assets to been bought and while it’s actually bought you would still have wait for years for them to mature before you think of them as been worthy for your retirement savings. On that list bitcoin which could take nearly 10 years is even the one with better ROI in a short period of time, the others will definitely take longer periods of time.

With this know you must still have to keep your source of income, to help you hold the asset without panicking, so retiring at 30 simply means such person is either way too young Currently and with a great income at hand. Or already has lots of funds lying around already to invest into this assets straight away

[freedomgo]

This is where accumulation of wealth is very essential for everyone, and as much as possible, diversify our assets to secure our future financially, emotionally and mentally.

However, let's accept the reality that sometimes, fate won't allow us to reach our plans, maybe because there is also some kind of redirection.

While it would be a great privilege attaining this kind of life's plans, but for some reason, this one is like too good to be true. Of course, this is possible for those who are born with wealth and inheritance, but for those who are just living average, this kind of plan will hardly be achievable, but yeah its possible.

[STT]

I love the plans and ambition but almost nobody can retire at 30 and you should not especially want to either really.  
  The FIRE movement I heard of is to reduce hours mostly, to have choices and be freed from the shackles of debt which is a dream to most people.   That is a kind of retirement but literally no work I think is a bit too absolute unless of course you are ill etc.