Uploads from Making Money Podcast

Currently Playing: I Retired at 48 – Here's What Nobody Tells You

Many of us dream of retiring early, or at least having the option to. Gareth, one of our viewers, retired at just 48. But what happens when the plan you've spent years building is finally put to the test? Check out our AI financial planning tool: https://makingmoney.email/AI Do you have a money story you want to share with us on the podcast? ⁠https://makingmoney.email/listener-story-form 🎉 Sponsors Hiscox - Protect your business: https://makingmoney.email/hiscox Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Why Gareth wanted to retire early 03:33 - Career at Microsoft 09:38 - The number he needed to retire 17:30 - Hiscox Ad 18:42 - Overpaying the mortgage vs investing 21:24 - How Gareth invested his money 25:50 - Did he get lucky? 33:28 - Vanta ad 34:49 - Losing 80k in 2 days 39:40 - Retiring before he hit his target 46:46 - Can he actually afford to stay retired? 51:32 - What retirement at 48 actually looks like 57:44 - The identity crisis after leaving work 01:03:18 - Is early retirement actually worth it?