How much do you need to quit your job?

@calltoleap

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1M Investing Roadmaphttps://invest.calltoleap.com/financial-freedom-faster-sign-up?el=tiktok-bio-fffmcs ↗

Why it worked

The video effectively combines a relatable personal story about financial vulnerability with practical, actionable advice on calculating retirement needs and investing. The use of clear visuals like spreadsheets and tables, along with a structured approach (3 steps), makes complex financial concepts accessible and engaging for the audience.

Summary

The creator shares their personal experience of realizing their high income was not sustainable and led to financial fragility. They then explain how to calculate your financial independence number using the 70-20-10 rule and the 4% rule, and outline a prioritized investment strategy.

Structure

1Personal story of financial precarity despite high income
2Explanation of the 70-20-10 rule for budgeting
3Explanation of the 4% rule for retirement calculation
4Prioritized investment strategy
5Call to action for free resources

Product placement

The creator mentions using Google Sheets for expense tracking and shows a spreadsheet with income and expense categories. They also show a table for calculating retirement numbers based on the 4% rule and a list of investment steps and recommended brokerages/funds. Finally, they promote their '1M Investing Roadmap' which is available for free in their bio.

Original caption

🎥: @jenconkey How much do you need to quit your job? 👀 The answer might be less—or more—than you think. It all depends on your lifestyle, your expenses, and how much passive income your investments can generate. Watch this video to learn how to calculate your number. 📈 — Steve Ready to take control of your financial future? Join my FREE Beginner's Investing Masterclass through the link in my bio, where I'll show you exactly how to start investing step by step. 💬 If you're overwhelmed by investing, want to build a strategy you truly understand, or would like personalized guidance, comment "STRATEGY" and I'll send you information about my private 1:1 coaching program.

More from @calltoleap

On-screen text

How much do you need to quit your job? How long could you survive if your income stopped tomorrow? I was making $270,000 a year and we had one month of runway and my spouse and my spouse at the time asked me a question that almost broke me asked me a question that almost broke me If you lost your job tomorrow If you lost your job tomorrow, how long could we survive? how long could we survive I did the math I did the math Two months 2 months, maybe three and I was earning $270, 000 a year back then And I was earning $270,000 a year back then We had a lake house We had twin infants We had twin infants were going through 20 diapers a day and a life were going through 20 diapers a day and a life that looked successful from the outside looked successful from the outside Behind the curtain though Behind the curtain though, one month of real Way One month of real runway and that's not wealth That's not wealth That's high income That's high income It's a house of cards It's a house of cards I didn't sleep that night I didn't sleep that night not because I thought I'd lose my job but because I realized something that most people never admit everything that we had built Everything that we had built depended on one fragile system depended on one fragile system Me showing up Me showing up No exceptions No exceptions If the income stopped the illusion collapsed If the income stopped, the illusion collapsed and that night it changed the it changed the way that I thought about money forever way that I thought about money forever I stopped measuring wealth by my salary I stopped measuring wealth by my salary I started a simple discipline I started a simple discipline Live on 70% Invest 20% Live on 70%, invest 20%, keep 10% reserve Keep 10% in cash reserves and I stopped chasing the appearance of wealth And I stopped chasing the appearance of wealth So how do you calculate how much you actually need so you don't have to rely on your income Let's find out First before you use the 70-20-10 rule you need to figure out your overall expenses This is what I use on my Google Sheets Second use the 4% rule where you multiply your expenses by 25 to figure out how much you actually need for retirement Calculate Your Retirement Number Enter how much you want per year: 100000 What you'll get per month: 8333 What you'll need invested: 2500000 or you can plug in your exact numbers and it'll tell you right here Third this is the exact order of where to put your money that my community follows Pay off debt High yield checking high yield savings 401K Roth IRA HSA and TBA and broad based low cost index funds that my community invests in Keep it simple Get Your Free $1M Investing Roadmap in under 30 seconds! $1M INVESTING FINANCIAL FREEDOM FAST If you want all of my resources they're all FREE in my bio i hope this video helps:)

Transcript

How long could you survive if your income stopped tomorrow? I was making $270,000 a year and we had one month of runway and my spouse at the time asked me a question that almost broke me. Asked me a question that almost broke me. If you lost your job tomorrow, how long could we survive? I did the math. Two months, maybe three. And I was earning $270,000 a year back then. We had a lake house, we had twin infants that were going through 20 diapers a day and a life that looked successful from the outside. Behind the curtain though, one month of real runway and that's not wealth. That's high income. It's a house of cards. I didn't sleep that night. Not because I thought I'd lose my job, but because I realized something that most people never admit. Everything that we had built depended on one fragile system. Me showing up. No exceptions. If the income stopped, the illusion collapsed and that night it changed the way that I thought about money forever. I stopped measuring wealth by my salary. I started a simple discipline. Live on 70%, invest 20%, keep 10% in cash reserves. And I stopped chasing the appearance of wealth. So how do you calculate how much you actually need so you don't have to rely on your income? Let's find out. First before you use the 70-20-10 rule, you need to figure out your overall expenses. This is what I use on my Google Sheets. Second, use the 4% rule where you multiply your expenses by 25 to figure out how much you actually need for retirement. Here's a quick table to show you how much you need invested depending on how much you need per month or you can plug in your exact numbers and it'll tell you right here. Third, this is the exact order of where to put your money that my community follows. Pay off debt, high yield checking, high yield savings, 401k, Roth IRA, HSA and TBA. And these are the brokerages and broad based low cost index funds that my community invests in. Keep it simple. If you want all of my resources, they're all FREE in my bio. I hope this video helps.