The 42-year-old quit his job for $ 1.2 million, but started working again two years later.

If you ask Francis the best way to retire early, his answer is simple: don’t.

For many years, the now 42-year-old woman has made great efforts to achieve FIRE, which stands for “financial independence, early retirement.” But in reality, life without work is not what most people really want. A lesson he discovered after retiring at the age of 37 in 2017.

“I think pursuing FIRE is probably a wrong idea,” Francis told CNBC Makeit, who demanded that his name be withheld for privacy reasons. It’s a kind of sabbatical. They are dissatisfied with their career and really want to have a really long vacation. Maybe a year or two. “

From the same complaint, he quit his job as an electrician and earned $ 30,000 to $ 60,000 in equity and bonuses in addition to a base salary of $ 120,000. But Francis describes his workless life as “really boring.” He is full-time devoted to his YouTube hobby and is now making videos and making money for his 350,000 followers.

Most people don’t want to retire early. I think most people want … really, really, really long vacations.

Francis quit his job in 2017 with $ 1.2 million in savings and investment. He first heard about FIRE in 2013 and decided to focus on achieving it. His strategy for achieving early retirement has resulted in one major factor. As much as possible.

The first step was to repay a $ 22,000 mortgage a year. He worked on this and at the same time tried to reduce spending as much as possible.

“I jumped over a lot of hoops to save money and keep costs as low as possible,” says Francis. His cost savings ranged from not paying for streaming services to ensuring that all food items were used. Even a short-lived stint in his fridge without a cell phone.

“It turns out that it doesn’t work, but I think it’s important to push it a little too hard and make it a little too uncomfortable,” he says. Spending will be less than $ 15,000.

His electrical engineering background also helped reduce household spending. He installed his own water heater and fixed the garage door when his power was turned off. He also built a solar panel system that supplies a small amount of electricity to the backyard. freedom.

“I’m a handyman, so I don’t call the handyman. All my appliances are really really old because they don’t break. If they break, I’ll repair them and look like new.”

I’m a handyman, so I don’t call the handyman.

Francis is also a master of credit card point collection and employs a process called churn that circulates between different credit cards to maximize points and always has more than 20 active credit cards. ..

“To cancel these credit cards, you need a really high credit score,” he said, adding that his own score is 835. It’s worth a lot. “

After two years of early retirement, Francis took a break from work and began traveling. Francis faced the boredom that most people would experience if they quit their jobs at a young age. solution? I’ll get back to work.

In 2019, Francis doubled its YouTube channel and began publishing videos on a regular basis. He originally started the channel in 2013 and posted a variety of videos, from how to make shark fin soup to strategies to defeat the popular game “2048”.

After two years of retirement, Francis decided to spend more time on his YouTube channel.


He focused on the topic of finance and taught viewers about credit scores and investments. As his views began to rise, so did his income. His workload varies depending on his mood, but he works almost full-time in one week and little in the other. As 8 hours — he has increased the followers of over 350,000 subscribers.

In the best month, he brings nearly $ 10,000 in YouTube revenue. He maintains the same annual budget of $ 15,000 and uses that income to pay for his living expenses. The rest will be transferred to your investment account.

It’s a project that brings him more joy than his old 9 to 5 and he plans to stick with for years to come.

“I’m working full-time on YouTube, so I don’t call myself” retirement “now. I want to do more work and grow … it’s an ongoing work. “

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Do not miss it: Warren Buffett is worth $ 117 billion. This also makes him one of the five wealthiest people in the world.


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