[00:01] know where to put your money, follow this flowchart. The goal you're trying investments need to be able to cover your expenses without you working, and the rule of thumb here is usually 25 times your annual expenses. Here are
[00:14] your portfolio targets. You can screenshot this and save this for later. The first step in almost any strategy is to take advantage of the 401k match. So, if you have access to one, it's like a 100% return on your money because your
[00:27] employer is matching your contributions. Make sure to always do this first. Step debt, any debt over 7 to 10% and they usually have average rates of 20% and higher. Third, make sure to have a
[00:40] full emergency fund. The last thing you want to do is sell off investments to your compounding. Step four is to max out your Roth IRA and optionally your HSA as well. Both of these will grow tax-free and they are amazing accounts
[00:54] to prioritize after your foundation is covered. Step five is to max out the 401k or move on to step six, which is to invest in a regular taxable brokerage account. The thing with retiring early is that most retirement account balances
[01:06] are meant to be withdrawn at the age of 59 and a half. So, if you retire at say the age of 45, you're going to need funds to bridge that gap between early if you have any questions in the comments and I'll see you guys in the
[01:19] comments and I'll see you guys in the next one.