Retiring at 29: How to Grow Wealth and Reach F.I.R.E with Cody Yeh
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Cody Yeh

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    Retiring at 29: How to Grow Wealth and Reach F.I.R.E with Cody Yeh

    Cody Yeh is a Finance Independence & Retire Early Expert! He helps everyday people gain back financial control and reach financial freedom in less than one year’s time. He has built a business that generates 5-figure monthly returns through his investments and ‘Stock Investing for Beginners’ community. Check out his new podcast: High Income Earners On F.I.R.E.

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    Guest Resources

    Stock/Options Investing for Beginners (Canada/US) – Visit and join to learn more about Stock Market Investing.

    Stock Investing Mastermind Program – Application to Stock/Options Investing Mastermind Program.

    Cody’s YouTube – Subscribe to Cody’s YouTube channel!

    Cody’s Instagram – Connect with Cody on Instagram!

    3 Value Bombs

    1) The key to exponentially speeding your investing journey’s growth is immediately hiring a reputable coach.

    2) Work on getting the highest return on time and the lowest return on stress.

    3) Increase your income, save more, and buy assets.

    Sponsors

    HubSpot: Learn how to grow better by connecting your people, your customers, and your business at HubSpot.com!

    Clay Clark: Looking for a business coach who has helped thousands of entrepreneurs increase profitability by an average of 104% annually – all for less money than it would cost to hire a minimum wage employee? And all on a month-to-month basis!? Schedule your free consultation today with Clay Clark at ThrivetimeShow.com/fire!

    Show Notes

    **Click the time stamp to jump directly to that point in the episode.

    Today’s Audio MASTERCLASS: Retiring at 29: How to Grow Wealth and Reach F.I.R.E with Cody Yeh

    [1:50] – Cody shares something he believes about becoming successful that most people disagree with.

    • He believes that the key to exponentially speeding your investing journey’s growth is immediately hiring a reputable coach.

    [2:52] – Is it really possible to retire from a 9-5 job through stock options and real estate investing?

    • It is possible; a lot of people have done it.
    • You can achieve it by specializing in what you are passionate about.

    [3:48] – How can you design the life you want to live?

    • Write down your goals and put them in your calendar.
    • Work on getting the highest return on time and the lowest return on stress.

    [5:02] – Cody on designing your life on a specific dollar amount every month.

    • There are 2 Types of People who are reaching the F.I.R.E. stage:
    1. Those who are scaling back.
    2. Those who are becoming more efficient.
      • Learning to decline.
      • Plan strategically.
      • Focus on helping others in also achieving financial freedom.

    [6:39] – Cody shares specifics of how stock options and real estate investing work hand-in-hand to build generational wealth.

    • In 2016, he bought his first property for $526,000; it’s currently valued at around $1.4M.
    • He purchased his 2nd property for $460,000, and he sold it for $1M.
    • He takes the revenue, puts it in trading, and splits it to 1-4% per month. It replaces his 6-figure income.
    • Real estate, stock options, and active business activities help Cody generate his net worth.

    [8:31] – How did you get your initial funds to buy your first purchase?

    • He worked overtime as a Project Manager at an automotive company to get his 6-figure salary.
    • He spent a lot of time studying the market.
    • Increase your income, save more, and buy assets.

    [10:38] – A timeout to thank our sponsors, HubSpot and Clay Clark!

    [13:12] – Cody believes that the highest return on time and lowest return on stress is more important than the overall return of your investments.

    • Cody’s ultimate goal is having the highest return on time rather than the overall return.

    [15:52] – How can High-Income Earners reach F.I.R.E sooner?

    • If you earn multiple 6-figures, you can buy assets.
    • Partner with someone who understands the market.

    [17:08] – Cody’s podcast – High-Income Earners on F.I.R.E.

    • Helping high-income earners achieve financial freedom.

    [18:23] – Cody’s parting piece of guidance.

    Killer Resources!

    1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

    2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

    3) Podcasters’ Paradise: The #1 podcasting community in the world!

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