I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

@SofiaDiego-

Күн бұрын

You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

@AlvarezDanuta

Күн бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@RomeroCarmen-4

Күн бұрын

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@AlvarezDanuta

Күн бұрын

Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@Alejandrolucia-s

Күн бұрын

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

I am fortunate to have $100k saved by the age of 23 without venturing into stocks. Now, I want to invest safely for growth in the next 3-4 years to buy a home. What's the best strategy?

@MasonKalair

5 күн бұрын

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

@blind_luck_

5 күн бұрын

Absolutely true. You don't need to find the next NVDA to succeed in investing. With the help of my fiduciary advisor, I diversified my portfolio across various markets (growth stocks, blue chip stocks & ETFs) and i have nurtured my portfolio to over $900k till date.

@Shirleypos

5 күн бұрын

Do you mind sharing info of your advisor? I need help.

@blind_luck_

5 күн бұрын

I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for years and highly recommend her. Check if she meets your criteria.

@Shirleypos

5 күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

@DennisJack-km8ho

6 күн бұрын

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

@RuthEvelyn-rc3bg

6 күн бұрын

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

@albacus2400BC

6 күн бұрын

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

@RuthEvelyn-rc3bg

6 күн бұрын

There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

@Sampson-jh7yq

6 күн бұрын

I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

@rapp-in1mz

23 күн бұрын

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA"

@Johnmark-iq4gg

23 күн бұрын

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

@rapp-in1mz

23 күн бұрын

I hope you don't mind if I ask you recommend this particular professional you use their service? I have quite a lots of difficulty sorting myself out in this downtime.!!

@Johnmark-iq4gg

23 күн бұрын

""Angela Lynn Schilling"" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment!!

@WalterDorcas

23 күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip!!

Thinking about retirement idnt ideal for me right now.I apologize to everyone who is retired and filing social security after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

@beafoster747

Ай бұрын

=It has always been tougher to understand how to build your money after retirement and even more so right now with the inflation. You can experience a completely varietied market passively by employing a successful portfolio-advisor.

@HildaBennet

Ай бұрын

Even with. not skills, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April last year due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I've made over $250k since then

@PennyBergeron-os4ch

Ай бұрын

Mind if I ask you to recommend this particular manager?

@HildaBennet

Ай бұрын

Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science

@PennyBergeron-os4ch

Ай бұрын

I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

Achieving success hinges on the steps you actively take toward it. Accumulating wealth involves cultivating positive habits, such as consistently setting aside money at intervals for robust investments. Financial management, often avoided by many, can later become a haunting issue. My hope is that anyone reading this finds success in their journey!

@Dave_East

5 ай бұрын

Starting early is simply the best way of getting ahead to build wealth, investing remains a priority. I learned from my last year's experience, I am able to build a suitable life because I invested early ahead this time.

@Eric_Dennis

5 ай бұрын

Exactly. That's my major concern and what kind of investment can someone make with the current worsening economic situation.

@MiaKatherine-sj7ne

5 ай бұрын

I have been investing in the markets for over 3 years now and I have made nothing less than $400k in ROI. My portfolio has grown exponentially. Will advise you to consider stocks investment. `

@DaveMccarthy896

5 ай бұрын

I've been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@MiaKatherine-sj7ne

5 ай бұрын

”Stacie Lynn Winson” is the lady's name. I first saw her on a goldman sachs' report, then on Smart Advisors, and immediately looked her up on the internet; it was the best decision I've made to stay afloat in these crazy times. She has been outstanding.

Wow. This is great. Pretty much what "The Millionaire Fast Lane" by MJ DeMarco teaches. It's hard to build great wealth from conventional advice.I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor. It's been almost six years now, and I'm a couple thousands shy of a million. Great job doing the same at 29, Tanner.

@stephenpotter21

11 ай бұрын

God, I loved that book too. Changed my life. I started out on the stock market too, but went solo. It was even in 2020 a friend introduced me to a financial advisor, when my portfolio almost wiped out completely. Thank goodness for that.

@legacymedia8468

11 ай бұрын

This is a very decent return despite the turbulent market over these past few years. Is there any chance you could recommend who your financial advisor is? I bet I could use some help. Thank you.

@cloudyblaze7916

11 ай бұрын

I have worked with a couple of financial advisors over the past few years. First started out with a guy that worked for Bridgewaters. Same wall street rippers. I then switched to an independent advisor, "Sharon Louise Count," and, I won't even deny it, she's been really extraordinary.

@albacus2400BC

11 ай бұрын

​@@cloudyblaze7916 Thank you very much for this, man. I'm gonna check her out right away.

@gregorywhem

11 ай бұрын

@@cloudyblaze7916 I have sent her an email, but I am yet to get a response from her. I hope she gets back to me soon.

Living on 25k a year with a whole family is gonna be rough. Imagine the things those kids won’t be able to do because the dad wants to be frugal. I am working toward being fiNancially free very soon, but this sounds like a financial prison

@thisguy73

Жыл бұрын

He will learn over time. Also inflation. Also providing his own healthcare.

@joshua38410

Жыл бұрын

@@thisguy73 yea there is no way he will afford that with all the expenses life brings. I’m not sure if he mentioned his house was paid for or not.

@thisguy73

Жыл бұрын

@@joshua38410 it's not. It's $1100 a month. Even when that's paid off you aren't living on $25k when you need to pay your own health insurance for 3 decades

@missalicesmiles

Жыл бұрын

He doesn't even look like he eats so maybe that's one way for him to save on costs lmao

@ShohiniSaha1

Жыл бұрын

There are many poor kids who lives with lot less. This kind of mindset that money only brings you happiness itself will lead to unhappiness.

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024.

@texasdentist3-wx4ud2

Ай бұрын

Wow that's huge, how do you make that much monthly?

@maulrus-6tr

Ай бұрын

Honestly speaking, I will continue to trade and stick to Kathie russell daily analysis and guides as long as it works well for me..

@theocroker-sd6zk

Ай бұрын

Though I started with as low as $38,000 AUD actually because it was my first time and it was successful, She's is a great personality in Australia

@darrenmoore-xx5rc

Ай бұрын

Very profound! Mrs. Kathie Russell has this great force like the ocean. I have never seen any of her clients complain of loss.🌊❤

@nimosteve882

Ай бұрын

please educate me, i am willing to make consultation to improve my situation.

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@TheJackCain-84

4 ай бұрын

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@martingiavarini

4 ай бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

@bob.weaver72

4 ай бұрын

Mind if I ask you to recommend this particular coach you using their service?

@martingiavarini

4 ай бұрын

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@bob.weaver72

4 ай бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

So he makes $135k a year and goes to a food pantry to take food from people that might actually need it? What a hero.

@counterinsurgencyadvisor4289

2 ай бұрын

He's also probably buying the worst possible cat food. Proper cat food and litter should total at least $70 per month.

@michaelbrown5828

Ай бұрын

A lot of food at pantries gets thrown out. I'm not saying it's right. Food scarcity isn't an issue for most food pantries though.

@marvin2678

Ай бұрын

@@michaelbrown5828 it isnt ?

@marvin2678

Ай бұрын

is it specifally for poor or homeless peole tho ?

@michaelbrown5828

Ай бұрын

@@marvin2678Not here in Spokane Washington where my family serves at food pantries. It also wasn't in Missouri when we served at that food pantry, it wasn't in Arkansas when we surved at those food pantries, and it wasn't in Hawaii either. So in my experience, no food scarcity isn't an issue for food pantries.

Honestly,I'm not in any event kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.

@cooperhayes7055

Жыл бұрын

I can’t zero in on the long run when I should be retiring in 4years, you see l've got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/ unstable market doesn't provide any calculated risk opportunities to make profit?

@jessicasam2516

Жыл бұрын

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

@mateosantiago5795

Жыл бұрын

I totally concur, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and I've gained over $850k following guidance from my investment adviser.

@allenwilliams5010

Жыл бұрын

I've been down a ton, I only hold so that I can recover, I really need help, who is this investment-adviser that guides you

@mateosantiago5795

Жыл бұрын

If that is the case, it would be an innovative suggestion to look out for Financial Advisors like Olivia Maria Lucas who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be vital to weather the storm.

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

@stephaniestella213

Жыл бұрын

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

@kimyoung8414

Жыл бұрын

@Zahair O'Brian Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

@kimyoung8414

Жыл бұрын

@Zahair O'Brian I think I have heard about her before too, but I can't remember which news outlet. I'm checking her out now. Any idea if she can help transfer an existing portfolio in a mutual fund?

@HonestOne

Жыл бұрын

It's easy. Allocate a steady safe amount, cost averaging no matter what the market does. That's exactly what your employer plan is doing it only goes up faster due to that match instantly giving 100 percent growth no matter what the market does so is harder not to invest. Keep a dip amount and only invest on the really bad days. I mean BAD. This has worked out of me. If it's bad after the very ugly day by more...buy until it bottoms and ride the recovery. No big moves. If we hit a recession keep doing it. But remember the fall. It will teach you to allocate to safety once you have decent returns. Not to too greedy. Stocks appreciate and deprecate quickly... If you need it within the next 5 years... It shouldn't be invested.

@gabygrand

Ай бұрын

Just use an index or target date fund, fidelity and vanguard have already done this work for you and aggregated stocks so you can make 7-10% returns. It won't make you a millionaire in a day, but it usually does in 7-10 years.

I'm all for frugality and I'm definitely a saver but I've seen too many people die younger than me and I refuse to live life without enjoying it. Money never followed anyone to the grave. I just find ways to get what I want for less sometimes. Like using points to travel and clipping coupons where I can or waiting for my favorite shoes to go on sale. But I will buy a $300 bag if I want to as well. He seems happy with his lifestyle, it's just not for me. I'm glad he's working through his anxiety surrounding money. Shout out to him for what he's accomplished so far.

very wholesome family and video. I used to live his kind of life- extreme frugality while making 6 figures. After saving enough, I opened up and started living life a bit more.

@abrahambarkhordar5572

Жыл бұрын

you should change your channel name to medium budget Pokemon. live that for you though!

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@Nernst96

5 ай бұрын

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

@PatrickLloyd-

5 ай бұрын

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

@PhilipDunk

5 ай бұрын

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

@PatrickLloyd-

5 ай бұрын

'Vivian Carol Gioia' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@PhilipDunk

5 ай бұрын

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

I understand wanting to be financial independent, but people should not have to feel like they need to live like this.

@CaseyBurnsInvesting

Жыл бұрын

He doesn’t need to live like this, he chooses to. He’s in the driver’s seat in his life.

@thisguy73

Жыл бұрын

Some people enjoy it. Not everyone likes to spend money on everything to keep up with the Joneses.

@NickVetter

Жыл бұрын

@@thisguy73 I think it clearly causes him stress and that anxiety of spending money is not going to go away when he has $625k saved.

@campingwithsamantha5114

Жыл бұрын

Some people are like him… I get depressed spending money however I get euphoria and long lasting happiness when I see my investments and bank account go up from saving money … every person is different.. most people are spenders not savers which explains why 80% of American cannot come up with $500 cash for emergency without borrowing money from credit card… the frugality mindset is a gift not a curse.. we get different kind of happiness apart from Yours

@devinkipp4344

Жыл бұрын

@Camping with samantha this is true however just like people can have shopping addictions, you can also have saving addictions. There are definitely cases of people going overboard by their own definition and being miserable.

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.

@corrySledd

Жыл бұрын

@Margaret A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

@AUstinnesc

Жыл бұрын

@@corrySledd I just checked her out and I have sent her an email. I hope she gets back to me soon.

@JakeRichardsong

11 ай бұрын

Scam/spam alert.

@HonestOne

8 ай бұрын

I think people are wanting a better quality of life. I recently FIRED. I love owning my time. Sure if I worked longer Id have a bigger retirement check but would I be healthy enough to enjoy it? The average social security check is only 1500 bucks. People are working full time and can't afford a 1 bed room apart. His quality of life is better than some people earning six figures. It's just a hamster wheel and when we get to uppity they ship the jobs overseas. It's that worth working an entire life for?

@marvin2678

Ай бұрын

at least 45 hahaha how do you think you achieve taht ?

Mark Zuckerberg if he didnt invent facebook

@carlie471

Жыл бұрын

😂😂😂

‘Dad why are we eating beans again😢?’ Because FIRE son!

@krow4249

Жыл бұрын

Kid is gonna be strong with them Beans

Me: "I'm 27 and nowhere near saved up to $380k, how on Earth did he do it?" *Sees he makes $100k more than I do*

@uberboiz

Жыл бұрын

You'll get there, mate. He started off at $60k and had to repay his parents for his tuition fee.

@HonestOne

Жыл бұрын

He said no to that new car or trendy neighborhood, he eats in and likely isn't at the bar. Seems very doable. I think Americans buy too much to keep us in the hamster wheel. Then the pit in our stomach forms when it's time to go to work. Just look at the cost of cars...not worth it. Freedom is priceless.

@TheEmpress1768

Жыл бұрын

That's the thing with these kinds of videos. It's easy to save when you make a lot of money. You cannot out budget poverty wages.

going to a foodbank just so you can retire early is shameful. A bad example on how to build wealth that should not be on this channel. Those places are for people that really need that help

@empyrosenterprises1837

Жыл бұрын

Where he gets groceries is not the same thing as a food bank for low income people

@MrTmenzo

Жыл бұрын

Watch again. He clearly explains why he goes there. If they don't donate the food it thrown in the trash so it doesn't matter if you're poor or not to get food from there.

@NL-hu2ud

Жыл бұрын

So you are happy for that food just to go to waste? I think there is a misconception about foodbanks. Yes they are for people in need, but that can be any need. Even if you earn a good income e and had a medical bill you didn't expect. You are not going to hear the whole story on a short clip. I go to a foodbank here and there and have money, but I don't know if that will be enough to survive over time. They actually say to me please come back because thefood just gets thrown out.

@MonicaHolly143

Жыл бұрын

There's a lot of foodbanks that still thrown food becuz no one wants them becuz most people are afraid it is already bad or they want to be humiliated by getting food in a foodbank

@Jkburd

Жыл бұрын

I live in MN and these Rudy Pantry drops in our town. I Can verify it’s not a food bank. Beyond older stuff they have a lot of stuff that didn’t sell ,usually odd flavors and stuff like that. I’d gone a few times but figured out It wasn’t for us. It is a great service to the community though, helps out a lot of people

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>>

@Madlyn55

2 ай бұрын

Considering that I am only three years away from retirement, it becomes challenging for me to solely concentrate on the long-term perspective. Despite having invested in reputable companies and having a significant amount of funds allocated, my profits have been stagnant. This situation raises the question: Does the current recession and unstable market offer any calculated risk opportunities for generating profits?

@AudraZapoticky55

2 ай бұрын

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,>>>>>

@user-uu2rh7iu1u

2 ай бұрын

how do I get in touch with this consultant that assist??>>>>

@AudraZapoticky55

2 ай бұрын

STEPHANIE KOPP MEEKS, that's whom i work with look her

@user-uu2rh7iu1u

2 ай бұрын

Thanks for these recommendations.....,,,

Couple things. 1. This seems like a very sweet family. I’m glad they’re happy and living life how they want. 2. The pantry thing is not a food pantry. He’s paying for food that would otherwise be thrown in the trash so chill my bb’s. 3. Made me laugh that his parents charged him interest on the money they lent him for college. 4. That Airbnb was a big yikes! IMAGINE walking through the house to get to that room in the basement. You’d think you were being kidnapped!!! Steve Carell had better accommodations in The Patient!

@Laminte557

Жыл бұрын

I also had loan(s) with interest from my parents for grad school. The total amount covered a quarter of my expenses, and was a lifeline to get me through certain semesters. I paid them back the P&I within 2 years after I graduated!

@Laminte557

Жыл бұрын

Also agree, those Airbnb's looked a little shady, but it could be the lighting lol

@goodenergi

Жыл бұрын

🤣🤣🤣🤣

@4amore

Жыл бұрын

The pantry thing should go to families who need it more than they do. I’m sure the pantry is trying to help Lis income individuals by only charging $25. But if they are happy more power to then.

@bennyl7224

Жыл бұрын

Why wouldn’t you pay your parents back P&I if they lent you money?

Life is too short, I Absolutely refuse to live to this extent! FIRE can still be accomplished without putting on a somewhat hold!

@theaveragesneakerguy3052

Жыл бұрын

And then on top of that it was highlighted…going to live off 25k with this economic advances of the future to come, HOW SWAY???!!

@Madness1337

Жыл бұрын

ikr, i kept cringing so much during this watch

@ihatejpmorgan

Жыл бұрын

Way too short. I'd rather have 1 year of over spending and balling and then be broke for 9 years, than live 10 of his frugal years.

@HonestOne

Жыл бұрын

His fire isn't even recommended for his income most want at least 1 mil. I hope this segment has a follow up because it was pre inflation. I but he pushes for more money. I know I can't do 25. I've been trying to do it just to see what it feels like... And my answer is NO

@marvin2678

Ай бұрын

what is he miising out on ?

When you take food from food banks, is it really moral when you're earning deep 6 figures ? He should be on the last row after everyone else who needs the food from the food bank gets their nutrition, not this guy. God dammmnit

@ja-ree1332

Жыл бұрын

I was thinking the same

@whitenoisewhale4342

Жыл бұрын

Its not free - they are still paying $25 bucks and its waste from grocery stores, not donations.

@stevee2639

Жыл бұрын

Eh blame the system not him. I see so many people with food stamp cards with 300+ dollars and they are driving nice cars and live in reasonable houses.

@TheCreoleSon89

Жыл бұрын

I mean if it was free I’d see your point. But he pays for the food. Discounted yes but they do “sell” the food that is close to expiration or slightly expired so there is a cost to it. They have more than enough and probably waste food too.

@IrisP989

Жыл бұрын

I felt bad even bringing up a food bank to my husband after he was laid off from his 6 figure income job last year, let alone actually go there and take food from people that truly need that help and that food. We are a single income household with 1 baby and 1 toddler.

I’d be retiring/working much less in 10 years and curious to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $180k per year, but nothing to show for it yet

@Curbalnk

6 ай бұрын

its not late to consider financial planning, never can tell what the future holds

@colleen.odegaard

6 ай бұрын

Money advice is subjective, what works for you may not work for me, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

@velayuthman

6 ай бұрын

@collen.odegaard Hey there, my retirement portfolio has been underperforming recently, and I'm considering a strategy change with the help of an advisėr. Is it possible to get in touch with your advisr?

@colleen.odegaard

6 ай бұрын

Yes indeed...Can't divulge much but 'Monica Selena Park' deserves credit for my investing success as one of the finest financial planners out there, you should look her up to be able to locate her online if you are internet-savvy.

@blaquopaque

6 ай бұрын

excellent share, no BS. just copied and pasted her full name on my browser out of curiosity, thankfully her site came up after scrolling a bit, she seems first-rate

This guy is a prime example of who you DONT want to be

@Tigrinyatalesandtalks

Жыл бұрын

Agreed

@ugotserved911

Жыл бұрын

Parents gave him a loan? With interest? What in the Caucasian???? How white parents even think about making money from their own kids or vice versa. The Asian in me is giving disappointment

@ugotserved911

Жыл бұрын

Mofo buying beans from a local pantry yo. A software engineer making 100k a year doin that shi.

@EAAAA1505

Жыл бұрын

Agreed with you.

@Georgemorales5559

Жыл бұрын

Yeah just be broke af like everybody else and work until u die 😅 that’s who u should be right 😂

"Most experiences that will make you happy are probably free or extremely cheap." A quick look-back on anyone's own life should prove this to be true if they're honest. Great video!

@Aol8887

Жыл бұрын

My best experience this year was renting out Audi A8 with friends and going to Austria (I`m from Czechia) and it wasn`t cheap at all, but enjoyed every euro spent.

@amsthe3rd

Жыл бұрын

@@Aol8887 Nice! We applaud you! But you savored your time with your friends (free). The rental was just the cost of the experience 😉. Keep the smiles coming!!

@User-pu3lc

Жыл бұрын

Yea this is 1000% not true😂

@amsthe3rd

Жыл бұрын

@@User-pu3lc Exaggerate much lol. Prove it!!

@devinkipp4344

Жыл бұрын

@Airplane Mode Style III I disagree. Yes, friends and family can make great memories, but so can money. For example, I take solo trips sometimes (usually a couple days) cost a few hundred bucks, and I go hiking by myself. Some of my favorite experiences are ones where I'm alone. These trips aren't possible without money. I'd also back up the claim of someone else who said something about renting cars. Yes, having friends there makes the experience better, but at the end of the day, going 200 mph is an experience, with or without friends. The same goes for Para gliding (something I want to do and will probably do it alone. Most of my friends are to scared.)

I wouldnt brag about not buying running shoes new. Running shoes should be replaced every 500ish miles. They are super important to keeping your legs and joints healthy. The first time I had shin splints in ten years of running was because my shoes were well worn past their service life. I ran distance in high school and now run regularly for the military so I'd say I'm somewhat qualified to speak on that. Invest in your health!

@ihatejpmorgan

Жыл бұрын

This guy's eats like a bird and exercises like a toddler. The shoes are the least of his problems.

This man reminds me of my brother-in-law. He makes a lot but will not spend on his family. He is obsessed with saving and studying.

@back2the80s

Жыл бұрын

Wife apparently don’t care he is a cheapskate

@ArdillaINC

Жыл бұрын

Nothing wrong with studying

@immasavage2905

Жыл бұрын

What does he study? Is it self studying?

@fhadekhemmy

Жыл бұрын

@@immasavage2905 two masters in accounting and finance, certifications and courses. Mostly studying for professional purposes.

@truehappiness4U

Жыл бұрын

Some people choose money over family. Those people better not have children, because they only care about themselves and not their children.

it looks like it's going really well for him, he looks 60 at 29.

@mytravls

Жыл бұрын

I thought more like malnourished

First minute i though the guy is around 40...37 at least. Hes freaking 29, younger than me. You need some sleep and healthy food bro, also strength training.

@myratogonon

25 күн бұрын

I also thought he is 40 ish!!!

This man has tremendous discipline. Much respect.

I respect the guy! ❤ As long as you’re happy, who cares! Keep up the grind

@Trainrhys

3 ай бұрын

He’s going to be living off benefits paid by the riches hard earned money and his child will hate him for being poor in 10 years

There's no way this guy is retiring when he reaches $625k. If he is happy now and enjoys saving money so much he will not stop this early in life. He still has time to run and plau board games now, what would he do with the extra time? I think if he does retire very early he will quickly get bored and want to still work.

@TheCreoleSon89

Жыл бұрын

I actually agree with this comment. I can’t see him leaving a career if he is this paranoid about spending money. He is kind of similar to me. The second you see money going out you work harder to replenish it. I joke about retiring at 40 but I’ll still be working because I have a similar fear of running out of money.

@DewTime

Жыл бұрын

100% agreed. If you look online you’ll find that most people who “retire early” actually go back to work after a few years, or they simply buy themselves into an entrepreneurial job. Retiring from the corporate world I understand but retiring in general, no that usually doesn’t work. Especially with sequence of returns risk. Imagine someone retiring winter of 2021. Will they really stay retired while watching hundreds of thousands of dollars vanish from their portfolio?

@NickVetter

Жыл бұрын

@@DewTime especially with living off 25k a year from investments. There is much room for him to live on less than that, so he might have to withdraw more than the 4% threshold he set causing more stress.

@alluringgrace413

Жыл бұрын

True, but maybe he doesn't enjoy his area of work and just wants out as soon as possible.

@EdgarVerona

Жыл бұрын

Yeah, we need a follow up video 5 years from now

I honestly love how incredibly humble he is, despite having a six-figure income!

@micchaelsanders6286

Жыл бұрын

Low 6 figures is nothing to flex on.

@fuzzyotterpear3688

Жыл бұрын

​@@micchaelsanders6286 I agree. Once you get there, you realize life is easier but extravagant lifestyles cost a whole lot more. Six figures just makes it so that you don't need to worry about money. Not enough to change you as a person lol

@GbawlZ

Жыл бұрын

low 6-figure income is broke in any metro area in the country.

@user-fp4dr1ne7z

Жыл бұрын

6 figures where he lives is really good actually

@MooskiiiTV

2 ай бұрын

@@micchaelsanders62866 figure nothing to flex with? Okay ….

Tbh I don't know why he wants to retire soon. From what he said, he has time to do the stuff he likes while working anyway

@PabitraPadhy

Жыл бұрын

looking at his current health.... he could retire soon.

@citizenm9590

Жыл бұрын

IT is stressful if you have the money most people don't want to do anything with it

@vulpixelful

Жыл бұрын

@@citizenm9590 You can always transition to low stress IT jobs like government work. When you get enough experience, the stress level goes down as the work gets less "new" and more repetitive.

I personally cleared $230k of debt going aggressive in the other markets. Right now the markets are crazy but there are still hidden opportunities therein. Having monitored my portfolio performance return huge six figures from the last 2 quarters of last year, I have learned why the market will remain a money den for those who know where to look.

@floxydorathy6611

Жыл бұрын

@Terry George Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with ‘ CASEY ALLEN GRAY ’ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.

@floxydorathy6611

Жыл бұрын

@Jeremy Walker You don't give out funds here. My account only mirrors her trades in real time that's the ideal for this system.........The lady I just recommended is a renowned advisor and knows what the heck she's doing. when you search her name on your browser her web site is like the first thing that pops up. on there you can shoot

@DS-nw4eq

Жыл бұрын

I love money! Send some more information about da money scam you promoting! I love da money… where the link to clicks? People giving literal responses are dense. I love da money scams.

@cathyspiegel6765

Жыл бұрын

@@DS-nw4eq 🤡

@BrandonBarberTx

Жыл бұрын

@@floxydorathy6611 scammers are annoying!!

I admire the financial independence of people, but extreme caution on spending just steals your life. You can live better if you work a little more. After watching this I think there are people out there,on the extreme, who plan to die early just to be able to retire early. This is not healthy imo. But everybody lives their own lives

@sanakiddy2883

Жыл бұрын

Is low cost livin really unhealthy? No. Is that better life you are mentioning is really better ? Is that kind of modern, materialistic life really give happiness to all equally? Answers to these questions are interesting. I know an old women selling sweets to kids and happy with her meagre earning. I tried to donate her something, she refused but i learnt there is nothing that women needs extra than what she already has.

@muffemod

Жыл бұрын

FIRE is the ultimate time/life hack. You sacrifice a little upfront to get a huge reward on the middle and back end.

@MrTrapaholic33

Жыл бұрын

@@sanakiddy2883 what about the kid tho

@nikkis8102

Жыл бұрын

Yeah. I mean I get wanting to be frugal but I personally would have to balance being frugal with also being able to have nice things every once in a blue moon. We only get one life. I feel like life was meant to be lived in balance. Their kid is going to grow up and *not* have memories of even just one family vacation because they want to be so frugal. Sad.

@Trainrhys

3 ай бұрын

@@sanakiddy2883it’s unhealthy based on the fact you on average will live 10 years early if you are poor

Thanks for letting us in your home and finances!!! Love that you have so many hobbies.

His success is directly linked to his higher than average income combined with lower than average household expenses. When I first saw him say he thinks he can live on $25K a year, I almost lost my seat. Being that I live in NY, this number would need to be much much higher, but given he lives in MN, this is totally doable.

@Hofftimusprime1

Жыл бұрын

I can live on around 10k here in Michigan. However my house is paid off and taxes are not very high. It’s all about be mindful of expenses.

@sierracharlie5914

Жыл бұрын

California is definitely a no go

@georgecon1466

Жыл бұрын

@@Hofftimusprime1 taxes on my small New York house is 14k a year

@frankyu6984

Жыл бұрын

@@georgecon1466 is NY worth it?

@georgecon1466

Жыл бұрын

@@frankyu6984 no way

Loving his brutal honesty. Being frugal helps big time.👊👊

@ihatejpmorgan

Жыл бұрын

Frugality is the closest thing to death.

The man has his health, his family, and his peace of mind. End of story…. This guy lives better than most and opted out of the pressures that most of us place on ourselves. I say good for him!

@ihatejpmorgan

Жыл бұрын

He definitely doesn't look healthy at all

@vetgirl71

Жыл бұрын

@@ihatejpmorgan I agree, he doesn’t look like an average 29 year old. He looks like he is in his 40’s, probably from stress over being “frugal”. 😂 He makes a high salary because of his occupation and location. $135,000 is a comfortable salary for a family of 3 in New York, depending on rent/ mortgage payments/utilities it can be pretty tight to live off of. Sorry I would never rent an Air bnb in anyone’s dingy basement ! That would creep me out! Would rather pay more for a hotel, just gives me serial killer vibes if someone showed me their basement 😅😂

@ihatejpmorgan

11 ай бұрын

@@chrisgooglemaps2108 you realize overweight is not the only way to look unhealthy right. Cancer and tumor patients look like him, and that's not a diss.

@marvin2678

Ай бұрын

@@ihatejpmorgan why ?

To each their own. It's great that this works for them and they are happy with it. I would never be able to do this.

@ihatejpmorgan

Жыл бұрын

No one should ever want to do this. It's a total waste of life, especially for someone living in the Unites States of America.

@thesunris

Жыл бұрын

Enjoying your free time with your family and kids is never a wasted time

Sounds like retiring early in order to spend his time waiting in line at the food bank…..man leave the food bank groceries to those who can’t afford and suffering by homelessness.

@realworldissues

Жыл бұрын

I think there is miscommunication ruby pantry is a pantry they sell stuff for cheap to people in order to have operating cost to give away stuff these items are how do I say ugly carrots ugly tomato things that big brands are not interested bc they don't look pretty in selling it's given free to these food shelf's that use it to supplement their operation by selling it for cheap.

I agree to spend money on things you actually enjoy, which is normally not expensive. Most people would enjoy being able to buy the groceries they want and not eat beans and rice every meal though.

@MrSuperJaskirat

Жыл бұрын

Indians have entered the chat lol

If by retiring early means I need to be meager my whole life then I would rather work my whole life. I don’t need expensive branded things but fine food and travel and see the world is important for someone’s healthy mind.

@DewTime

Жыл бұрын

Agreed

@blairsantillana

Жыл бұрын

Exactly, the assumption is that one will even live to retire. Some people may not, and if so, then you didn't really live the life wanted.

@junkequation

Жыл бұрын

No one is saying you have to live like this guy, or that's it's the only way to retire, or even the only way to retire early. I'm a lot like him I think, but to a lesser extent. I'd never give up my privacy for Airbnb money by renting out a room in my house. I generally don't get enjoyment from spending money though, and the only really worthwhile use for money to me is to use it to not need to get up and go to work anymore. It works for some people, but that level of frugality would definitely make the majority of people miserable.

@djkenny1202

Жыл бұрын

Fine food? I could care less. I prefer picnics and travel. Myself.

@same.7939

Жыл бұрын

Totally agreed!

Very inspiring! That is an achievable level of wealth most of us can hit. I appreciate the extreme frugality. It's definitely counter-cultural. America is all about being in debt and spending. It is getting harder to do though with all of this inflation.

Going to a food back earning six figures...really. Do you not know why food banks exist.

@FCBarcelonaXMI

Жыл бұрын

that's not a food bank

@muffemod

Жыл бұрын

To help you bank dat cash money and save it.

He lost me when he said eats beans instead of meat. What's the point of all that money if you can't even eat a good meal?

No wonder he is so scrawny. They belong on Extreme Cheapstakes. This level of FIRE is really unhealthy. Concerned for the kid, truly. I don’t think he factored in his child in FIRE (Ex: paying for college, growing out of clothes).

@dynamichunter843

Жыл бұрын

Lol you think he’s gonna pay for his kid’s college?

@djkenny1202

Жыл бұрын

His child will qualify for FAFSA due to his parents income. Community College will be pretty much no cost. They could get scholarships or rake out loans. I’d prefer being settled with a paid off home than paying college tuitions. Maybe the kids are not even college Bound? Not everyone desires college, they take other paths. They could take a 2 year degree course at a community college as well.

@alp.9672

Жыл бұрын

College won't even exist or it will be a totally different system by the time he is of age.

@rushrush1209

Жыл бұрын

He also runs everyday. which helps get people thin. I agree that he doesn't seem to take his child in consideration enough. He should continue working until at least his kid is done with college, then evaluate if early retirement is an option.

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

@abadsichike7519

Жыл бұрын

Mrs Caitlin Albrecht is obviously the best,

@abadsichike7519

Жыл бұрын

I invested $6,000 with her and she made profit of $57,000 for me just in 5days.

@abadsichike7519

Жыл бұрын

Her success story is everywhere.

@alaznecatalin1053

Жыл бұрын

Hello

@alaznecatalin1053

Жыл бұрын

How do I contact this expert Caitlin Albrecht

This is not the way of living a life. But good for him that he found a women that is ok living in this condition.

Dude looks like he doesn't buy food for himself either.

So his parents could afford to put him thru school, but gave him a loan instead ... he lived his whole life with a lack mindset because of his parents. If you want to go fire to this degree why have any kids and so many cats? What his parents did was low key abusive ... he needs to sit on some therapist couch big time. A gumball was a splurge, but his parents could also loan him 45k for school. Money making him anxious is sad and he looks very old. Wouldn't have thought he was 29 ... he looks 40+.

@rickyayy

Жыл бұрын

Definitely in his 40s

It's totally fine that he gets food from the foodbanks, he pays 25$ for it. Tonnes of food gets wasted even with foodbanks so no problem at all.

He should NOT be using food banks. He's taking away from those who truly need. Shame.

@EAAAA1505

Жыл бұрын

He is extremely cheap and to some degree selfish.

@FG-xc5qj

Жыл бұрын

That is exactly what I just said. This is ridiculous with the amount of money he makes and he really seem to have no shame. smh

@realworldissues

Жыл бұрын

I think there is miscommunication ruby pantry is a pantry they sell stuff for cheap to people in order to have operating cost these items are how do I say ugly carrots ugly tomato things that big brands are not interested in buying it's given free to these food shelf's that use it to supplement their operation.

@maryjobutera2842

Жыл бұрын

@@realworldissues The problem is, he earns a great salary and he is taking food (for $25) that he can afford to buy full price. This food should be reserved for those in need. He doesn't "need" to do this.

@realworldissues

Жыл бұрын

@@maryjobutera2842 these $25 dollar meals are meals that are otherwise people are not into these are things like deformed vegetables and etc these places would usually throw these stuff simply because people frown upon it. Hence why they did the the box thing I live in Minneapolis it's a huge thing. Places like cub foods give them out to these orgs and the money the orgs make supplement their operation cost. It's win win.

Good for him. I've always been pretty frugal in my daily life. My favorite 2 things to do with my money is traveling and saving it for the future. "Save where you can, so you can spend where you want!"

Great job saving up!! Only advice I would give is invest in good new running shoes regularly to protect your feet. Used furniture is a great way to say money and reduce waste. I learned a lot of carpentry skills repairing and refinishing furniture. Which I ended up putting to use renovating my first home. Being thrifty and being willing to learn new skills can be a great asset to people. Hope you and your family are well!

This is the perfect story to prove that you don't need material things to be happy, what you need is financial security and that freedom sets your free and THAT makes you happy.

@ihatejpmorgan

Жыл бұрын

He says he's always anxious about money. You really have no idea what happy or free is.

This is more like an episode of extreme cheapskates on TLC. 💀

Keep grinding!! FIRE is totally worth it and your net worth continues to grow after you leave your job. I fired the 9-5 at 28 and it was the best decision I ever made.

A couple of things I noticed in this video: 1. He looks a little older than his age and nutritionally deficient. I wonder if that has to do with his diet and how he lives his life. I'm imagining that he doesn't eat as much meat, which provides essential protein, nutrients, and fat, because of cost 2. I wonder what his wife thinks about his living habits and values. Even though she has been with him for quite a few years now, I'm sure differences come up in terms of how to live life, spend money, do activities, etc. I would venture to guess that he might be depriving her of things she wants to do for FIRE 3. His math of $25K/year to retire will most likely be wrong. He will quickly find that in retirement you still have to "work" i.e. do things for money to keep his life sustainable and purposeful. 4. Saving is good, but if the decision of spending vs saving is giving you anxiety, obsession, and dysfunction, that you can't live properly and feel like you're not in control of your life, then you have a problem. This sounds to me like he used to have a psychological problem with respect to money and that's not good. All in all, I'm more in the camp of "having greater capacity to make more money" instead of "saving as much as possible given a set income" and this video demonstrates why.

Here is our son we stole it from the hospital so technically free!

Loved this!

Food banks should impose income limits

@back2the80s

Жыл бұрын

Wish they would.

@daniellee6133

Жыл бұрын

He is paying $25 for food that will go to waste.

@TheCreoleSon89

Жыл бұрын

@@daniellee6133 it’s like people think he goes there and gets it for free. Food banks have more than enough. And his 25 dollars to the non profit hopefully gets passed on to someone who is in need for a good cause. I don’t go to food banks (did when I was in college) but they never had lines. People have way too much pride to be caught at a food line. That’ is primarily what Americans big problem is.

@buzzybee186

Жыл бұрын

You can make good money and still have huge expenses. I used to pay part of my mom's rent bc of a chronic disease and mental health she had. I think there may be a big difference in what someone's expenses are versus what someone's pay stub is.

@buzzybee186

Жыл бұрын

Plus this was going to be landfill anyway. And he made a 25$ donation

I tired extreme frugal and ended in a divorce. To each his own but I am not living like this. This is exactly how I will not fire. What kudos to the guy it works for him. Only benefit of his lifestyle that I see is that he has low carbon footprint which is something that I want to do as well. But yet this ain't for me thanks for sharing CNBC

@ihatejpmorgan

Жыл бұрын

It won't work for him he's 29 I give him 7 more years

I get you are buying more free time in the future by saving now but time in yours 20s is not the same as 50s or later. I'm in my 30s now and can already feel it. I do not regret my trips abroad for weeks at a time at all. With that said ignorance is bliss. What you don't know you missed can't hurt you.

@ihatejpmorgan

Жыл бұрын

This is crucial, the major of people on earth don't understand this fundamental and inescapable truth. It really speaks to how many NPCs are really running around out here.

I was with you until min 7 where you are buying the groceries from the non-profit that are designed to go to the poor and working poor. At 130K a year you should not be taking those groceries, leave it for people who need it.

@poetchic

Жыл бұрын

I agree. That’s easily 400 in charity every month. Not everyone will have a car to pick it up either.

@missalicesmiles

Жыл бұрын

Some people can be greedy. That didn't sit well with me either

@dynamichunter843

Жыл бұрын

It’s fine if they don’t run out. A lot of food banks usually can’t give enough food away and the volunteers take it home or it goes to waste

@carlie471

Жыл бұрын

@@dynamichunter843 Every food bank I know has to ration the food. There's never enough. Maybe it's different in small towns tho

One of the benefits of having money is being able to use that to do the things that you wouldn't be able to otherwise. For me it's travel. I'm not much of a party guy but I will go out of my way for National Parks or exploring a new country. That costs money

@sb1206

5 ай бұрын

I also love travel. And I assume traveling at 27, when I'm in the best shape of my life, is gonna be better than hobbling around in my 60s or 70s, so I choose to do it now.

I think that it’s a little messed up the parents charged interest. Geez way to go parents 😢

It's true that if you're known as the "cheap friend" in your friend group that you'll start receiving offers for things 😂 My baby sis is a broke college student so I always ask if she wants some of my clothes, unused makeup and skin care products/samples, and random household items. I always keep things in good condition too so she gets them like new.

I enjoyed watching this one!

A very wholesome family! It's great that he found a partner that supports his frugal lifestyle and they can build forward as a family!

To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than 3m in income generating investments, maybe 2m at the very minimum. I plan to work until I'm at least 45.

@rubyduby2656

Жыл бұрын

That's an extremely self-centered view.

@meh4062

Жыл бұрын

I plan to do a 9 month mini retirement at age 40. I'm 32 now. Just so in young enough to enjoy life still lol

@Thehharrison

Жыл бұрын

@@rubyduby2656 doesn’t matter lol it’s their journey not ours

On thing is to be frugal and another one is to be extremely cheap. I am all for the FIRE movement and follow it myself but you have to enjoy life a little bit in the process too. Time and youth years is something you will never get back. Taking the kid to chuk E. Cheese every once in a while can create memories that will last a life time. He is doing great but he should let loose a little bit and allow his family to enjoy life.

@estuardoe8

Жыл бұрын

Some people were meant to just be boring lol

@FIyingDumpling

Жыл бұрын

@@estuardoe8some people grew up traumatized by poverty.

@ihatejpmorgan

Жыл бұрын

​@Clouds all the more reason to count your blessings and enjoy your life once you do start making money. Stop making excuses for this guy. His life decision is wrong and he will regret it in his old age.

When you invest, you're buying a day you don't have to work

@djeechizzy9818

Жыл бұрын

Assets that can make you rich Bitcoin Stocks Real estate

@loydriley9221

Жыл бұрын

Bitcoin is the most profitable investment online of only you trade with the help of a professional expert

@maxiecharles2842

Жыл бұрын

I'm from Spain i have been an investor in the crypto market for over 2 years now

@maxiecharles2842

Жыл бұрын

Now is the best time to purchase and invest in Bitcoin, stop procrastinating!!

@kingbush9328

Жыл бұрын

I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late

Phenomenal video and enjoyed the content. The scariest word in this title is actually save... For me it comes down to investing and growing money not saving... Using the word saving can be very damaging without the right framework on building wealth!

Self-discipline goals 💯

*Thanks for sharing this financial wisdom.* I currently make 106k/yr. No home or iπvestment and I work from home. I need to do something quick or else I’m going to be paying alot to the IRS come tax season. What can I do?

@terrallcoscarelli7002

Жыл бұрын

Opportunities comes infrequently, Invest now to achieve financial Independence. I engage on different sectors with *TERESA JENSEN WHITE* a well known fin. Advisor

@cathyspiegel6765

Жыл бұрын

Thanks for this piece of advice. if you don't mind how can I get in touch with her? really need help with my finances

@terrallcoscarelli7002

Жыл бұрын

You can look her up in the internet with her name mentioned, you can get in touch with her.

@nicolescherzinger8239

Жыл бұрын

Heard many good recommendations about TERESA JENSEN WHITE, and her profitable strategies by some brokers in a seminar and other platforms, I think she's the real deal for people to talk good about her, I will give her a trial and see how it goes then.,..

what more do you need in life? he has a family, friends, hobbies and owns a home.

Parents charging interest, that's weird!

@rosya.traveler4269

Жыл бұрын

i was thinking the same!!

@canadianaviator

Жыл бұрын

How is it weird? Banks charge interest, why can’t parents charge interest when you’re borrowing money from them???

@adammorra3813

Жыл бұрын

@@canadianaviator yeah because there is no difference between banks and your parents /s

@iriemo721

Жыл бұрын

No it’s not. A loan is a loan. What’s weird is encouraging your kid to get 6 figures in loans to pay for school. What’s weird is not teaching your kids financial responsibility and how the world and money works.

@rosya.traveler4269

Жыл бұрын

comparing families to bank!! LOL! i guess it's just different culture. to us it's weird and to them its normal. then again, it is normal for them to kick their kids out at 18 or charge them rent and put their parents in nursing home when they grow old. Their values are just in different places.

So inspiring 😊 Little Tanner is going to grow up with such financially savvy parents 👏

@ihatejpmorgan

Жыл бұрын

None of this is financially savvy.

@asavannah7439

Жыл бұрын

Teddy

Great Video, Being frugal doesnt mean your depriving yourself from happiness and all the goodthings in the world..The guys is happy, all these naysayers that 25K is ridiculous..well thats you guys…Hes just smart on how he spend his money thats why hes able to be happy and survive

Someone should do a study on people who are drawn to the FIRE movement. I'm sure there are variants and many different reasons why they are so intriguing with having the option to stop working. I'm one of these people, however I'm on the opposite side of the spectrum. I want to FatFire. Actually I can now, but there are extremes on this end too. Some can stop at the $5million marker, some at $10mil, some at $30mil, and it keeps going.

@rickyayy

Жыл бұрын

That's awesome

I like how happy the guy is. Hope this all works out for him

@ihatejpmorgan

Жыл бұрын

It won't, he already threw away his 20s. Now he has a kid, it won't get any better from here on out. He eats and exercises like a small bird, his body will be very weak and frail in 20 years.

Bro I wish I could meet people like you in real life. You guys are humble and seem honest. It seems most people want to hang out with people who dress nice and go to the gym and blah blah but I want freinds that like you because u look real

@ihatejpmorgan

Жыл бұрын

Dis you just really make it seem like going to the gym is a bad thing. You're going to end up just like this loser, frail, and in wheelchair at 55.

Feeling anxious about money and having a fear about spending it does not make you financially independent ever. You will never have true wealth and freedom unless you learn how to manage, earn, save, invest and SPEND money. It’s an art, and not everyone is an artist.

@turtley8883

Жыл бұрын

He's doing better than most of the population who are in debt... He'll figure it out

@ihatejpmorgan

Жыл бұрын

​@@turtley8883 Abbys comment went totally over your head. Who has lived a better life? The person who went into $100k in debt but traveled the world, lives in a major city, has had several different relationships, drives a nice car, routinely goes on vactions, has nice clothes, and has a personal trainer, or this guy, who won't spend his money until he's in a wheelchair?

@turtley8883

Жыл бұрын

@Slippery Bob why judge him? Maybe he enjoys being frugal. It's not how I would want to live but to each their own.

@ihatejpmorgan

Жыл бұрын

@Turtley this isn't for him this is for the 20 something year old that might read my comment. We should be able to put both sides of the argument on the table. He defends his position and I am defending mine. I think mine makes more sense, and I stated why.

@pwnedlikeanub

10 ай бұрын

@@ihatejpmorgan Traveling the world, going on vacation, living in a major city, driving a nice car, having nice clothes, and having personal trainers does not necessarily mean you have a better life at all. You could be a completely miserable person and have all those things. Also, that $100k of debt is going to haunt you as you go through your life.

I want to be financially independent but because I know my income isn't as high as someone working in tech or investment banking, it will take my another 15 years until i hit my number. There are things I could cut back to get there faster but I am making a choice to not deprive myself like this family is. Like this is beyond extra. And not even for them but the kid.

@ihatejpmorgan

Жыл бұрын

15 more years huh? So why don't you just start an tech or banking career now?

I wish I could play board games with you guys. We are also a family with 1 son and we also use second hand everything... We are not cheap, we prefer experiences vs objects and I am teaching my own children fullfillment does not have a price. We did go everywhere and don't miss a thing : laws of attraction works, and you can teach it from a young age. I don't ever interrupt when my child says 'I WANT' or 'I WISH'. Every day I remind myself of all we have, and I tell him: how lucky you are! Just like a mantra, even when rainy days comes, how lucky we are because we can splash!!! Like a mantra, really works.

I live in the Minneapolis area as well, will definitely need to check out Ruby pantry since groceries isn’t cheap nowadays unfortunately.

380k is not that much...unless he plans a short life

@ke3516

Жыл бұрын

He said he's planning to retire in 6 years and 380k is what he has right now. His actual goal is 625k.

@patienceeric3236

Жыл бұрын

People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.

@user-u818

Жыл бұрын

You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.

@lucyk.humphrey6652

Жыл бұрын

I'm just shocked you mentioned Expert Meltem Demiro thought am the only one trading with her

@paulsorensen9442

Жыл бұрын

I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price

@drmiller5535

Жыл бұрын

>

Respect this man's discipline at his age

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

This guy is cruel. He makes 135k and get low cost food that's reserved for the poor or working poor. And he does it with a smile.

@Trainrhys

3 ай бұрын

And is poor

Buying used shoes for running is terrible. He should just invest in actual shoes there if that's his thing. Running degrades shoes like nothing else and proper cushioning is good to prevent injuries.

I respect what you have done. Great work. But I also think that it only takes a week in the hospital to drain that HSA and then some.

“By saving money, you’re buying freedom” ❤