Would you be interested in Financial Independence Books? www.firewego.com/go/books

@malgorzatamozdzen6929

5 ай бұрын

I would

@FIREWeGo

5 ай бұрын

Great - let us know your thoughts and which book you picked!

@peterbrons1114

5 ай бұрын

I am a great fan of steven bavaria's income factory. I follow his high- dividend PF. Also Steven Selenget is an american i like reading and following. It's called " the brainwash of the american investor". A nice trip to Spain.

Thanks Jayan for being vulnerable with us and sharing your story ❤. And I’m so happy for the both of you to start the next exciting chapter in your lives. I would love to keep seeing the net worth video, I’m curious how it works once you retire

@FIREWeGo

5 ай бұрын

Hello! Hope 2024 is treating you well so far... other than the cold! We will keep you all posted on how things change, grow or stay the same once we reach the next chapter in our lives! We are wishing all the best for you in 2024!

Such an inspiring journey! 😊Super proud of you guys. Keep it Gean and Kristine! My wife and I are cheering for your success and excited for your early retirement.

@FIREWeGo

5 ай бұрын

Thank you MOE! We truly appreciate all of the support that you have given us right from the beginning :)

Congratulations on your achievements! Interested in learing about your rental, and always find the net worth updates informative and inspiring.

@FIREWeGo

5 ай бұрын

Thank you so much! We will let you know all about both rentals coming up! :)

I would like to continue hearing about how you are navigating the financial realities of your new lifestyle.

@FIREWeGo

5 ай бұрын

Thank you for the feedback - it is much appreciated.

The growth of your numbers is fantastic!! Congratulations to you both! Now that the market is getting better, just imagine what 2024 brings! WooooHoooo!!

@FIREWeGo

5 ай бұрын

We are really looking forward to 2024! We also hope that it brings grow to your portfolio :)

I had to do a full reno on my condo after a tenant destroyed it (surprise: it was a family member we were cutting a deal for because they were going through a difficult time!). It was difficult to find a contractor to do it because there is more demand than supply. So my husband got a membership at the tool library and did a lot of the non-specialist stuff himself. We had to also buy all new appliances as the others were destroyed. Brutal! It goes on the market next week and that cash is going to get sunk into maximizing the kid's RESPs and padding our TFSAs before my husband retires (as soon as we can make it happen - but hopefully March!).

@FIREWeGo

5 ай бұрын

Renting can be so challenging. I'm sorry to hear that it happened at all, but that it was family makes it harder. One of the reasons we are thinking of selling the house completely. We no longer want the hassle, and to be honest, if we come back to Canada,we most likely would live outside of Toronto...so not much point in keeping it really. And AMAZING that your husband can almost retire! I hear March is a fantastic month to retire 😉😉

New to your channel and love it. When a couple is of like mind financially it is truly an unstoppable force. Love your story!

@FIREWeGo

4 ай бұрын

What a lovely comment. Thank you, RC! You're right. When both are on the same page, it does make everything easier! 😊

What a great story! Thanks for sharing.

@FIREWeGo

5 ай бұрын

Glad you enjoyed it!

What a journey! Keep up the good work and enjoy life!

@FIREWeGo

5 ай бұрын

Thank you very much, and thanks for letting us be part of your journey!

Congratulations to both of you 🎉great job❤

@FIREWeGo

5 ай бұрын

Thanks so much, John!! We are pretty happy too 😊 hope 2024 treats you well!

Happy for you and jealous for me. My situation isn’t pretty but you do provide guidance and hope.

@FIREWeGo

5 ай бұрын

Thank you, and don't get discouraged. You can do it, it may take some time, but stay positive and you will meet your goals 🤗

You both have worked hard for this and are reaching your goal as a team. Well done! A video about your rental experience would be interesting. Thank you for sharing your story!

@FIREWeGo

5 ай бұрын

Thank you for the suggestion! We think that would also make a good video 🤗

great stuff ... you can rotate time off with time working according to how feel like ....

@FIREWeGo

5 ай бұрын

Thank you!

Loved the story of your wedding. I had no idea you were married during the height of the Pandemic! What a story. Thanks for sharing it.

@FIREWeGo

5 ай бұрын

Thanks, Sarah!! The pandemic really put a lot of things into perspective for many of us. We learned that for us, we don't need anything flash. We can live and do with less and still be as happy or happier! Looking back, we wouldn't change one thing, pandemic or no pandemic 😊

This was a super helpful video. It helps reaffirm my financial position as I prepare for retirement in early 2025. Thanks to you both for the transparency and the inspiration. Saúde!

@FIREWeGo

Ай бұрын

You are so welcome! We are glad that bit helped...and 2025 will be here before you know it 😊

I really appreciate your video, your journey to FIRE (success and obstacles) 👏 I would definitely know about your number in the future. Congratulations 🎉

@FIREWeGo

5 ай бұрын

Thank you so much for taking the time to comment! We are definitely going to keep you guys updated moving forward...perhaps not monthly, but for sure we will keep you all posted!

This video is so helpful! It inspires us that want to achieve FI. I look at my numbers and I don’t believe them or I doubt that is what we’ve got. So to see what you’ve done and achieved over a short amount of time does help. I’ll be sure to follow your journey as we’re almost there too. I would like to know about decumulation or drawdown strategy that you’re using to fund your early retirement. Thank you and keep up the great work!

@FIREWeGo

Ай бұрын

We used 3 different options to do our drawdown strategy. Two accredited financial advisors, and also the service Cash Flows and Portfolios. All three gave us the same numbers within a few thousand. Code FIREWEGO gor mention our name, and you will get 10% off at Cash Flows if you're interested in a starting point.

Amazing job! So many people think it isn't possible, but you've proven them wrong. Congratulations! How you are drawing down your funds in retirement, tax implications would be super interesting. Also looking forward to seeing your travels , we are looking at where we want to go in retirement. We will still keep our home base because of our kids and cat 😂

@FIREWeGo

5 ай бұрын

Thank you so much for your kind words and support! It means a lot to us that I can inspire others and show them that anything is possible with hard work and determination. We will create videos on drawing down funds in retirement and tax implications. Stay tuned for more exciting content!

I find a lot of motivation in your journey, really hope you both enjoy retirement! Alas a long way away for me but will get there one day haha

@FIREWeGo

5 ай бұрын

Thank you so much! You'll get there...the hardest part is done, motivating yourself to plan, and save is almost the hardest part we found! Before you know it your timeliness will be bumped up!

Inspirational. Dang, what a turn around. Amazing

@FIREWeGo

5 ай бұрын

Thank you so much. Hard work and perseverance pays off for sure! We hope that 2024 treat you well, personally and financially! :)

@masoncnc

5 ай бұрын

@@FIREWeGo house hacking for the win. Best I've managed is a 2.0 mortgage. Gotta do some minor construction to house hack too. 💪💪💪💪💪💪

Now I understand why I don't watch your channel often. you started your FI journey with more assets and all you had to do was pick which ones you would focus on. I'm on my financial independence journey living with a disability I started with $0 assets, and a negative net worth in 2017. Filed a consumer proposal in 2019 Plus I have the huge weight obstacle of being eligible for Ontario Disability Support Program, then I got lucky and become approved for the disability tax credit. Congrats you are millionaires it will take my entire working life to maybe get to $250,000 more if I can magically increase my income and keep my consumer debt to $0.

@FIREWeGo

5 ай бұрын

Thank you for sharing your journey with us. Financial independence is a unique and personal experience for everyone, and we appreciate hearing different perspectives. We genuinely hope you are wrong and can achieve much more than that. We wish you well.

🎉. congrats

@FIREWeGo

5 ай бұрын

Thank you!

Great video! Can you imagine if you hadn't met and created this goal togther?? I would like to see vieo going into detail about the house : how did that come into your lives to begin with, the financials of it. Then i'd also like all story of the rentals and all that. A tour! I'd love an analysis of how basially this house contributed to your financial position (house hacking, increae in value, and smith meaneuver) . It seems to me like its a large piece and youd be not at all at the FI place now without it. I'd really like to still see net worth updates in retirement!! even more important!

@FIREWeGo

5 ай бұрын

Thea, those are all great ideas, and we would love to share that with you! Stay tuned :) We promise to keep you all updated in some form once we hit the road! Hope 2024 is treating you well so far :)

@TheahLil

5 ай бұрын

2024 going well so far, thanks! OH and I'd like to hear more about the pension and how it will go with cashing it out! :D (I'm greedy/nosey? haha)@@FIREWeGo

As a fellow Torontonian (well, east GTA ish) was so happy to stumble across this video and learn you're in Canada too. You gave me a few things to research. Congrats on meeting your goal and have subscribed so I see future videos, either travel or finances :) Would love a video with more details on what type of investments you guys did - was it only stocks? We are about to move across the country, so planning on buying a house with a basement rental unit as well. Thanks for the inspiration.

@FIREWeGo

5 ай бұрын

I'm so glad you found something useful! Are you guys planning to move east or west across the country? That is so exciting! Renting part of your house will be great to help with the mortgage and the ability to invest as well. Most of our investments are dividend stocks. We also have ETFs for growth and real estate here in Toronto and a condo in Brazil 😉 We have a playlist that goes through what dividends we receive and from which stocks! Any questions feel free to reach out, and welcome to the channel!

@LiveLifeLori

5 ай бұрын

@@FIREWeGo We are moving out West to Vancouver Island :) I've had enough of the snow here. We have had rental houses in the past, made money on one, but sold last one too early (a few months ago) as we knew we wanted to move, so sold it as soon as tenant was moving out, so sadly didn't make money on that one. We are planning to buy a house to live in, but also buy a duplex separate house to rent out as well...will see as prices are so high out there. But now thinking our main home should have a basement rental unit as well. Ok, I have mutual funds which include stocks, but didn't know what dividend stocks are. I'm going to watch that play list now. Also downloaded the spreadsheet and working on it now. Thank you and can't wait to follow your next chapter :)

@FIREWeGo

5 ай бұрын

Amazing!! Gean has not made it out West yet, but it will be in future travel plans! Good for you guys, it's important to always follow your dreams 😊 Please keep us posted on how it goes for you as well, we live hearing about other people and their journey's as well 😀

@LiveLifeLori

5 ай бұрын

@@FIREWeGo It's soooo beautiful out west!! I'm sure it'll be beautiful in spain too, think that's where you said you're heading to next. Enjoy!

@FIREWeGo

5 ай бұрын

That's stop number one!! Thank you!

Would like to see a video on tenant issues and how you got through it.

@FIREWeGo

4 ай бұрын

Thank you for bringing that up. This is definitely a topic we will cover! We appreciate the comment :)

Well done! We are just behind you by about 9 years lol...

@FIREWeGo

5 ай бұрын

Hey, you're on the right track, and we are hopeful it does not need to take nine years :)

@Holly-lv3fr

5 ай бұрын

@@FIREWeGofortunately, or unfortunately… we have four kiddos to get through university in the next nine years, so it is going to take all that time.

@FIREWeGo

5 ай бұрын

@Holly-lv3fr everything is going to be okay, and you guys are doing great! ❤️

Congrats! I started with $12K in debt in 2001 and worked my way out and ready to retire soon.

@FIREWeGo

5 ай бұрын

That is awesome! Congratulations - When are you planning to retire?

@vivekh7662

5 ай бұрын

@@FIREWeGo I should have enough to sustain my lifestyle in less than a year, so probably going to put in my notice with my employer sometime in 2025.

@FIREWeGo

5 ай бұрын

Amazing! You must be excited and proud of your accomplishments! Can't wait to hear how the next year goes and into retirement for you!

Sorry I may have missed it, are you talking in Canadian Dollars or US Dollars? (Some sites have a lot of US followers and quote in US $). Well done for your journey.

@FIREWeGo

5 ай бұрын

Hello! These figures are all in CAD dollars.

Nice job! Could you please comment of your withdrawal strategy? Thanks!

@FIREWeGo

5 ай бұрын

We are hoping to do an updated video on this...we did video awhike ago with Mark Seed where drawdown was discussed...but a new video on how we will be doing this is a great idea!

Congratulations …

@FIREWeGo

5 ай бұрын

Thank you!

what credit card points ... will you keep your house in Toronto and continue to rent it out ?

@FIREWeGo

5 ай бұрын

We have several credit cards that we put almost all of our spending on to make that money work for us rather than just go to the Hydro, City or grocery store! We want to get as much as possible from it :) As for the house, it is looking like we will sell. We really don't want the trouble of renting, or maintaining once we are abroad. Also, to be honest, if we come back to Canada one day, we will most likely not live in Toronto.

I have some questions. When you decided in 2020 be your own DYI investors, how did you start? What resources did you rely on? Is there a minimum investment to start? I would like to put my toes in this dyi world? Are there any reading resource you can suggest? Sorry, too many questions.

@claudete1956

4 ай бұрын

Again, congratulations for your achievements! Well done!

@FIREWeGo

4 ай бұрын

There are not too many questions at all! We did a lot of reading, and it's important to pick the right account to begin investing in..try to pick your tax-free or tax-differed ones, save you paying tax on your dividends, or capital gains 😊 we have a list of books and blogs that are useful on our website...hopefully you will find some good resources there!

@FIREWeGo

4 ай бұрын

Thank you!

Hey, can you guys recommend a way to buy shares without a fee? I use BMO and they charge 9.95 per trade...wondering if I should be sourcing another company.

@FIREWeGo

5 ай бұрын

You might want to consider looking into Wealthsimple? Keep in mind Wealthsimple is a no-frills option, where you will buy stocks/etfs, however, they do not have the same tools BMO has. We are okay with that, because we keep buying the same stocks and we've passed the "research" phase. Here's our link in case you want to check out: firewego.com/go/wealthsimple - Thanks, and please reach out at any time.

@LiveLifeLori

5 ай бұрын

@@FIREWeGo Awesome, thanks so much. Will check them out :)

@FIREWeGo

5 ай бұрын

@@LiveLifeLori You are welcome. With Wealthsimple, we do not have to pay any fees for stocks/etfs. Our TFSA accounts are with Wealthsimple - every single penny we add to the account to invest does not go towards paying fees :)

@LiveLifeLori

5 ай бұрын

@@FIREWeGo Ah ok, so you can buy stocks/etfs from the TFSA? Is that so no taxes? Sorry all the questions, I'm still new at this :)

@FIREWeGo

5 ай бұрын

No problem at all. And YES, you can buy stocks and ETFs with your TFSA account.

I assume my wedding invitation was lost in the mail😂

@FIREWeGo

5 ай бұрын

Lol...can't rely on snail mail these days! 😉

Is the husband Brazilian?

@FIREWeGo

4 ай бұрын

Yes, he is 😀

Net worth is not that important; what is important is the INCOME that is generated by your networth......too much focus on Networth.

@FIREWeGo

5 ай бұрын

Cash is king, always. We use the Net Worth just as a metric to see where we are. Thanks for your comment.

Congrats 👏 👏 🎉😊!!! You Guys Rock! 💪✨️💥🔥. Having increased your assets over half million dollars in just a few short years is amazing 🔥. This video is full of great info. Yes knowing your net worth is very very important in my opinion too. And guess what your assets will just continue to go up over time. I absolutely enjoyed this video. I can't wait for the next one and yes please do one on your rental ok. I watched the video 2X and I saw a lot of similar to my financial journey. I want to share some of my experiences with you. My husband and I purchased our first rental in 2019. At that point we still hadn't been introduced to FIRE yet. Then COVID-19 hit us. Then of course we was locked down and we had the time to talk to our friend and watch KZread. Our friend introduced us to FIRE 🔥 and then we did a little research on it and I definitely decided this was for me. My husband wasn't too sure about it then lol😅. So as time went on we added more rental properties and then the market went crazy. So we was fortunate enough to get those rentals when we could. My only Big Regret is that I didn't start purchasing sooner. So I feel like I really lost out on some really big gains because of not knowing and acting sooner. My husband and I began investing in the stock market around this time too. We threw as much as we could in there, again finding out about all this financial investing late. I am also a Veteran so I also have that retirement money coming in. I use to work and in December 2023, I also said goodbye to my job. I know what helped me quit my job at age 48 years old was living abroad, rentals, retirement income and savings. I am so thankful for you guys putting these kind of videos out letting folks know that retiring early is an option but one needs to save and invest. One must know their net worth and FIRE 🔥 number.

@FIREWeGo

5 ай бұрын

You and your husband have accomplished something really amazing! You guys should also be so proud of all the hard work and effort that you ha e put in. Like you, we also wish we had known about FIRE earlier, or had started to invest earlier! How is your husband feeling about FIRE now? 😉😊

@tonyalaw8197

5 ай бұрын

@@FIREWeGo Thanks for saying that. Well my husband is finally coming around slowly about the retire early part. He still loves working for right now. 😆 🤣. Maybe one day soon he will be ready to quit one day.