Each asset, each purpose

[Hewlet]

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.

In properly bringing this idea to life, you need to make a clear difference between concentration and diversification and see wether choosing to diversify into what's looking like all the investment option is what's best for you or not. It's possible that you invest in just a single asset and still profit from it or just choose from two and still profit from it. It's to me, not neccesary to invest into all these things knowing fully well that doing so requires a lot of finance to being it to life. But then, if tuu can believer, you're at the first stage of accomplishments and for that reason , you can still make such plans and execute it till it comes to life. Diversification ensures that you easily shift from one asset to another depending on which of the asset is doing well at the time

[kotajikikox]

Retiring at age 30 is such a big dream, really achievable but I suppose you must be exposed to a lot of resources at a very early age to get this dream a reality, but at the same time, some persons actually gets really lucky enough and with the little they do, they get to hit it huge very early enough and could actually retire at a very young age. Your assets planning and their function sounds really ideal , for someone who has all of this in place, they can be sure to have their worries lowered down a lot.

Has anyone really realistically retired at 30? That’s still young. There’s still so many things to do in life. What else will you do after retirement? Where will you get your funds? Unless you come from a wealthy family, it seems almost impossible. Not to mention people in their 30s might get bored doing nothing in the future.

[Solokan]

If you want to retire at 30, you need to be well-prepared. It's actually rare for people to retire in their 30s. If you do, you're considered a great person. Indeed, if we can retire in our 30s, with good health and plenty of money, we'll certainly enjoy life more. Retiring at a young age allows us to enjoy life to the fullest, which is certainly different from enjoying life in our older years.

Yes, of course, we need to have a company, many assets, and so on if we want to enjoy life and retire in our 30s. Unfortunately, I'm not retired yet, even though I'm over 40. I hope I can continue to increase my wealth and want to retire sooner.

[bubilas]

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.

Cash is an asset for survival, don't you think? In the country I live in, all money is on cards, and no one likes cash because it's dirty and inconvenient, even though it's a form of physical money in your hands.
Business is an asset for stable income and inheritance... Well, stocks, Bitcoin, and money in any form can handle this task.
Stocks are an asset for improving financial situation and growth, and they are highly volatile, so you need to sell them at their peak and buy them at their bottom. It's not something you can put away and forget about, like Bitcoin.
Real estate is always a good option because property prices always go up.
Gold is an expensive asset and inconvenient due to its high spread.
Bitcoin is the best asset in every way.

[Samlucky O]

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

Well it's not a bad idea though, but my question is how do you intend achieving all this goal when you want to retire at age 30. Isn't that insane? I've seen may people who plan to achieve their dream and retire by age 50 or 55 to 60 but haven't heard of age 30. Now if you retire at this speculated age, what are you going to do with the remaining time you have? Well in as much as your plan is concerned I don't have problem with it since it's your life and how you want to go about it, but where I have problem is the retirement age. Even if you inherited money from your parents at early age, you will still need to work hard to achieve your own personal dream.

[Pablo-wood]

Retiring at age 30 is such a big dream, really achievable but I suppose you must be exposed to a lot of resources at a very early age to get this dream a reality, but at the same time, some persons actually gets really lucky enough and with the little they do, they get to hit it huge very early enough and could actually retire at a very young age. Your assets planning and their function sounds really ideal , for someone who has all of this in place, they can be sure to have their worries lowered down a lot.

Has anyone really realistically retired at 30? That’s still young. There’s still so many things to do in life. What else will you do after retirement? Where will you get your funds? Unless you come from a wealthy family, it seems almost impossible. Not to mention people in their 30s might get bored doing nothing in the future.

Even Musk is still working tirelessly round the clock. Retirement at 30 only means one thing returning back to where the rich dude started from. The more money we have the more responsibility we face which means the assets can become a liability when the cash flow siezes. Even if the person comes from a wealthy family there is still high tendency there will be mismanagement of funds. Assets are maintained through consistently inflow of cash and once it slows down or stops most assets quick liquidates and gradually everything returns to the regular person.

[BlackBaron]

The question on my mind is: in what sense is he retiring? From work? In terms of productivity, or what?

Because for me, when I talk about retirement, what comes to mind is retiring from a job. And the truth is, we won’t truly retire as long as we’re still productive or still thinking about how we can make money. And if we’re talking about money, even the richest people in the world today are still working—though not in the literal sense. The only difference is that now, money is working for them.

[9ja Amaka]

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.

You are very correct,  his idea sound very good, but I don't think it's possible for someone that is trying to build wealth. Like you mentioned it sounded like a billionaires idea, someone that has access to money and can invest in diverse asset to suit his plans for now and the future.  One thing I think everyone should do is to have a plan and also set targets for themselves,  with thus you will be able to measure you progress and hopefully you will be able to achieve your plan and retire at your chosen age.

[Coyster]

Why would anyone want to retire at 30, that's absurd IMO. It is not even practical to have enough funds to set up what you have proposed at such an age. Yes, there may be a few exceptions, but majority of people haven't even got their life started at 30.

That said, for your proposition to be viable, you'd need to have quite a lot of money, except you decide to just put in a small amount in each of those assets, which might not prove profitable to you even in the long term. It is always good to plan early for the future, but i consider the age 30 as a period were you concentrate more on self-development rather looking too far ahead into the future.

[Findingnemo]

Retiring at 30 isn't even a realistic goal, it can happen but like one in a million can make such a turnaround in short term so they don't need assets or anything they probably made something innovative that gave them millions when they decided to sell it completely or just a portion of it.

I guess mid 40s is realistic for someone who starts in their 20s, 20 years is still short but can be achieved with right choices made throughout the career.

[Miles2006]

Firstly how can anyone accomplish these goals within a short time frame, retirement at 30 is quite strange and for the first time I’m hearing such, first to begin with the person in question who desire a retirement at this age is not even working mostly these set have others doing a clean nice job for them either parent company etc but, it’s still very rare viewing this kind of plan might not work.
Clearly mentioned the types of investment and the purpose they serve appropriate, all investment choice can serve all purpose without splitting it although diversification is advised reason why you just have to invest in different asset.

[Oshio-man]

Is very good to have this kind of plan toward assets because it will going to make you stand strong financially and it will give you more opportunity to create more investment that will make your generation never to lack wealth, I know all your purpose may  not come through because you are not the one controlling the price of the market because assume you are the only one controlling the price of the market it would have make other investors not to achieve their goal from their investments, having all those assets it requires huge amount of funds but you can make your choice if you know you are not financially buyout to handle those assets.

[MinMan]

Is very good to have this kind of plan toward assets because it will going to make you stand strong financially and it will give you more opportunity to create more investment that will make your generation never to lack wealth, I know all your purpose may  not come through because you are not the one controlling the price of the market because assume you are the only one controlling the price of the market it would have make other investors not to achieve their goal from their investments, having all those assets it requires huge amount of funds but you can make your choice if you know you are not financially buyout to handle those assets.

More investment is like diversification. I still think it is only optional and it is still possible to earn more on one investment but we can have more than one branch of our business and earn even more. In fact, this defines ' building an empire ' more.

Having money to inherit is one good thing but it may need more like financial literacy because if they don't have it, then it doesn't matter how much money they have but all of it are still going to be spent recklessly and be gone in no time. All matters for now is us, when we are still on our way of achieving our goals. Although even some got it already, they even became more greedy or selfish.

[DubemIfedigbo001]

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.

Your Idea is a very good one, I would like to mention that lands are still part of real estate assets portfolio.

These are nice ideas but are only achievable by the extremely wealthy, poor people can only glance and salivate on this. I am not much a fan of stocks, have never bought one, although my economists friends are on the verge of convincing me to invest into a real estate company _{Let's see how that goes anyways}.

I would eliminate Gold from my list and channel the funds for it into real estate and agriculture, those are very much productive and can double case as a business and an asset for security, bitcoin is non-negotiable to me, It is strictly for the future, retirement stage and possible inheritance for my dependents.

[abhiseshakana]

Your Idea is a very good one, I would like to mention that lands are still part of real estate assets portfolio.

These are nice ideas but are only achievable by the extremely wealthy, poor people can only glance and salivate on this. I am not much a fan of stocks, have never bought one, although my economists friends are on the verge of convincing me to invest into a real estate company _{Let's see how that goes anyways}.

I would eliminate Gold from my list and channel the funds for it into real estate and agriculture, those are very much productive and can double case as a business and an asset for security, bitcoin is non-negotiable to me, It is strictly for the future, retirement stage and possible inheritance for my dependents.

I put almost 90% of my emergency fund saving and protection saving on small gold bar, beside to protect the value at the meantime, it is easy to sell when we need money. For 10% we save on cash for liquidity function in case there are suddenshock which need action as fast as the blink of an eye.  For investment i preder business in real sector like export import and sell something because it is creating money and not depending on capital gain and can create pafif income or at least semi pasif income.

For real estate or property, This is not only a rich person's game but not everyone can play it, put all asset in bitcoin also not my choice because it is different from the financial management portfolio that I created with my wife, we prioritize on durability, not high returns.

[Bluedrem]

The main purpose of accumulating wealth is future security. That is, in the future, when there will be a shortage of money during financial crises, when the accumulated money can be used to manage life, people mainly save money. People cannot work hard all the time in their life. After a certain age, people lose their working capacity, so in most cases it is not possible to earn at that time, but their basic needs still remain, as a result of which if they do not save when they are able to earn, they will have to go through financial hardship later. Therefore, savings are definitely necessary for financial security in the future.

[sunsilk]

It's a good plan to retire at a young age. But I think when you're already there, you'll still find something meaningful to your life when you haven't found your purpose.

And if you're a hard working guy that's able to reach that goal of retirement on your designated age, your body and your mind will still crave for working and that's you're still going to do it.

So with all of the assets that you have mentioned, you're able to specify their uses. For someone who's into crypto, we still need some cash but it is an asset that depreciates a lot.

[Majestic-milf]

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.

Lolz, even footballers who earn huge amounts of money don't jump to retire by 30 except they get injured or sick, but I get the drift the Op is trying to pass. Also for one to make that decision, everything needed to make life much enjoyable must have been put in place.
 I'm just wondering though; what if while making all these plans, outlining where each asset goes, there comes an unforseen circumstance, does that mean you'd have to come out of retirement and struggle to build back or what??

[Zlantann]

If you want to retire at 30, you need to be well-prepared. It's actually rare for people to retire in their 30s. If you do, you're considered a great person. Indeed, if we can retire in our 30s, with good health and plenty of money, we'll certainly enjoy life more. Retiring at a young age allows us to enjoy life to the fullest, which is certainly different from enjoying life in our older years.

Yes, of course, we need to have a company, many assets, and so on if we want to enjoy life and retire in our 30s. Unfortunately, I'm not retired yet, even though I'm over 40. I hope I can continue to increase my wealth and want to retire sooner.

It would take luck and an extraordinary opportunity to retire at even 40. Maybe you won a lottery or were an early Bitcoiner who kept their coin to date. I guess Bitcoin has made many young people retire from the rat race.

In my projection as a civil servant, it might take me twenty years of aggressive savings for me to buy and hodl Bitcoin for my retirement at 40. OP is just motivating us to keep investing because it is possible to retire early with the right investment plans. Diversification of investment is essential to avoid high risks.

[Agbamoni]

Well it's not a bad idea though, but my question is how do you intend achieving all this goal when you want to retire at age 30. Isn't that insane? I've seen may people who plan to achieve their dream and retire by age 50 or 55 to 60 but haven't heard of age 30. Now if you retire at this speculated age, what are you going to do with the remaining time you have? Well in as much as your plan is concerned I don't have problem with it since it's your life and how you want to go about it, but where I have problem is the retirement age. Even if you inherited money from your parents at early age, you will still need to work hard to achieve your own personal dream.

Retirement is not the end. The idea of retiring is to stop working and start building for financial freedom. When all the retirement plans are set, building becomes easy because you have a source where you can fund all projects and aspire for greatness. How do you think the few great people acquire greatness?

Too bad you have not seen or heard of people who retired early. I have seen people who retired at 30. It is not a big deal.