In this video, Spencer is going to share how he is going to retire at the age of 35.
That’s “PLANING” to retire at 35.
That thought has never come into my mind…
I am sure you are much better at retirement planning than I am.
Let’s face it: Most of us don’t start thinking about retirement until we are well into our careers.
And by then, it’s often too late to save enough to comfortably retire.
Appreciate what Spencer is doing here and learn from his experience.
Without further ado, let’s find out how Spencer is going to retire at 35.
I’m Retiring at 35 – Here’s How Overview
Spencer starts the video by giving us a little bit of his background.
He has been doing this since he is 27 years old and he is no financial expert so you know that this is something he is planning for himself.
Enough of the introduction, let’s get into Spencer’s retirement plan.
Spencer’s Two Primary Method
The two primary methods that Spencer is using to retire at 35 is “Online Business” and “Reinvest Profits”.
Spencer is heavily influenced by Robert Kiyosaki from “Rich Dad, Poor Dad” when it comes to “Income”.
He is a non-believer in trading times for money and he thinks the traditional ways of earning an income are seriously flawed.
I have to agree with Spencer on this one.
The first method is an online business.
Let’s find out how he is making money online.
Spencer’s Online Business
Spencer’s business model is very simple.
He always looks for ways to do something that would potentially make money without him actively working on it.
In this case, Spencer mentioned he build “digital real estate” with YouTube Channel.
The YouTube Channel is bringing him ad revenue of about $3,600/month currently.
And it is expected to grow in time because Spencer will keep producing content and it eventually will help the old videos to rank better in YouTube searches.
In the video, Spencer didn’t mention the capital and time he invested into the video to get it to where it is today.
But you can be sure that there is a lot of work and money put into the YouTube channel before it started making any money.
The effort and risk eventually paid off as Spencer is now earning a healthy return from his YouTube channel.
And he will continue to get paid even after his retirement.
This is the power of “Passive Income“.
The second method that Spencer is using to retire at 35 is reinvesting profits.
Spencer is a big believer in reinvesting profits back into the business to grow it faster.
From the income Spencer is making from his YouTube channel, he reinvests it in a pool of portfolios.
The pool of portfolios is a mix of real estate, Solo 401k, and Crypto.
This strategy is similar to what Robert Kiyosaki did in his book “Rich Dad, Poor Dad”.
He used the money he made from his business to buy more rental properties.
The rental properties will eventually bring him a lot of passive income and make him very rich.
Spencer is following a similar strategy and he is using the money he makes from his YouTube channel to buy more assets.
The assets will eventually bring him a lot of passive income and help him retire at 35.
Final Thought On Spencer’s Retirement Plan
I love what he is planning and I think it is very achievable.
This website, Legend Affiliate Marketing is built with a similar strategy in mind.
The goal is to eventually make enough money from this website so I can retire early and enjoy my life.
I think Spencer has a great chance of achieving his goal and I wish him all the best.
What do you think about Spencer’s retirement plan?
Do you think it is achievable?
Let me know in the comment section below.
Before that have you checked out Spencer’s Free Training on Affiliate marketing?
If you haven’t go check it now and start building your “Passive Income Online”!