At 19, Dave Gow lost his factory job. With $20,000 saved, he spent the next three months doing whatever he wanted- going to the beach, exercising, catching up with friends. He loved it so much he decided he wanted to live like that forever.
So he got serious about saving and investing.
He built a property portfolio with his partner, but the ongoing costs made him question whether it was really the best path to financial freedom. So he turned to shares and dividends.
By 28, he'd built enough wealth to quit his full-time job.
Dave joins Jess to share how he did it on an ordinary salary, why he'd choose ETFs over property if he started again today, and how to figure out how much money you actually need to retire early.
Chapters:
00:00 Dave's Investing Journey
00:03:12 Saving for His First Car
00:07:47 Discovering Financial Freedom
00:11:17 Building Wealth With Property
00:17:24 Moving From Property to Shares
00:22:09 Retiring at 28
00:26:27 How Much Do You Need to Retire
00:30:11 Life After Early Retirement
Links Mentioned:
ASX investor survey (Page 13 is has the stat Jess references)
Other Links:
🤳 follow along on Jess’ investing journey on Instagram @getstartedinvesting_.
📩 Share your investing story with us submit here
📩 Sign up to the Get Started Investing newsletter here
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Thanks to Ubank for sponsoring this series.
Ubank is a digital bank designed to help you understand your money, with tools that can help you do better day-to-day.
You can download Ubank from the App Store or Play Store and sign up in just a few minutes.
Products issued by Ubank, which is part of NAB. This info is general so consider what’s right for you. For TMDs, visit ubank.com.au
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