This doesn't really surprise me. The situation has evolved. In my life, the idea of mini-retirement was revolutionary. I'm not waiting to be 65 and retire to some idyllic place. Knowing how to pay for the lifestyle is helpful. Earning money while enjoying a piña colada by the beach is, you know, helpful. If not, I could not have completed it.

@DennisJack-km8ho

Ай бұрын

Yes, people tend to overlook that. You don't take your life savings and take off for Puerto Rico. Two major benefits are prudent investment and sound business judgment. Invest in real estate, stocks, and start-up companies. That is all.

@Sampson-jh7yq

Ай бұрын

It's safe to say that not everyone possesses the aptitude for investing. However, it's always simple to heed the guidance of an expert, such as a financial advisor. The range of 10-40k is possible with the appropriate ones. If you're smart, online businesses are also a good investment.

@jose2212-

Ай бұрын

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

@Sampson-jh7yq

Ай бұрын

Monica Shawn Marti 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.

@RuthEvelyn-rc3bg

Ай бұрын

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

@leojack9090

4 ай бұрын

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

@hasede-lg9hj

4 ай бұрын

Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@lowcostfresh2266

4 ай бұрын

@@hasede-lg9hj Could you kindly elaborate on the advisor's background and qualifications?

@hasede-lg9hj

4 ай бұрын

The advisor that guides me is Vivian Carol Gioia, most likely the internet is where to find her basic info, just search her name. She's established.

@Veritatis.Cupitor

Ай бұрын

Nice sequence of scam replies, curious eh?

Just to be clear, they're not retired. They're doing amazing, but they are working. Managing 19 properties and other bits of works, is still work, but its not a 40 hour work week in an office, and if this makes them happy this is great.

@montoriabryan167

5 ай бұрын

I was looking for this comment. Lol they just have different jobs. Which is fine. It’s financial independence though which is the point

@JimzAuto

5 ай бұрын

Wait till all their 19 properties start falling behind and/or not paying. Colorado is rapidly becoming ‘Cali 2.0’.

@bootsmith8016

4 ай бұрын

I agree and came here to say this. I enjoyed their story but it is misleading to call them retired. They own and run a real estate business.

@johnwilson8482

4 ай бұрын

Yes, "financial independence" and "I retired from the job I didn't like, and now work less on one I don't mind" is not the same as "retired."

@eddiemalvin

4 ай бұрын

Thank you! I thought I was losing my mind. If "retirement" is now defined as working but you enjoy it and it doesn't interfere with your work/life balance, then I guess my wife and I are retired. I can't wait to tell her the good news.

I am currently in my 40s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?

@PennyBergeron-os4ch

28 күн бұрын

Do some research on dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.

@FinnBraylon

28 күн бұрын

A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.

@HildaBennet

28 күн бұрын

I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?

@FinnBraylon

28 күн бұрын

She goes by ‘’.Sonya Lee Mitchell’ Look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

@HildaBennet

28 күн бұрын

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

I'm 48, sad to say I made terrible money decisions growing up which I'm presently paying for, been dedicating every waking hours towards my retirement and I'd really love to retire to Portugal with at least $3million by, the market up and down is not helping at all.

@AngelinaLouis-of3ik

2 ай 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.

@EmilyVancamp-zl7jt

2 ай бұрын

How can I contact your Advisor as my portfolio is dwindling?

@AngelinaLouis-of3ik

2 ай бұрын

Lisa Ann Moberly 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.

@EmilyVancamp-zl7jt

2 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.

@brunocarvalho9268

2 ай бұрын

Hi dear Emily Vancamp. Glad to hear you that you want to come to Portugal to enjoy tour retirement. Great choice. I'm Portuguese and live one of the most beautiful regions of Portugal: West Coast. Many French, English and other nationalities are choosing this region because of the quality of life. Honestly I don't think that you need 3 millions to live here. Please let me help you about Portugal, because I can give you the best advices about real estate, cost of living and everything you need to have a good life here. I'm reaching Fire next year, so I can help you All the best and friendship. Bruno (Portugal)

I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.

@MckenzieGilbert4

7 күн бұрын

The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

@ChristopherCamacho31

7 күн бұрын

@@MckenzieGilbert4 It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@PaulineJones7

7 күн бұрын

@@ChristopherCamacho31 This is considerable! think you could suggest any professionals/advisors? I'm in dire need of proper portfolio allocation.

@ChristopherCamacho31

7 күн бұрын

@@PaulineJones7 My CFA ’ is “Victoria Carmen Santaella”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@PaulineJones7

7 күн бұрын

@@ChristopherCamacho31 I will give this a look, thanks a bunch for sharing.

I'm a machine learning engineer considering retirement. I've saved around $300K in cash and want to invest in stocks to secure my financial future. What are the best low-risk approaches to achieve this without getting stressed out?

@WestonScally7614

10 күн бұрын

While the stock market is promising and can give good ROI, expert guidance is essential for effective portfolio management so you don't get burnt out in the market as it is very volatile.

@SaintYvess

10 күн бұрын

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach, and my portfolio has surged by 85% since this year alone. get one for yourself to be safe.

@Redwood4040

10 күн бұрын

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach, and my portfolio has surged by 85% since this year alone. get one for yourself to be safe.

@JordanReam8186

10 күн бұрын

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach, and my portfolio has surged by 85% since this year alone. get one for yourself to be safe.

@EthanMaloney-qp4lh

10 күн бұрын

Choosing an investment advisor is the best way to navigate the stock market, especially for those nearing retirement. I've been consulting with a coach, and my portfolio has increased by 85% just this year. Consider getting one to ensure your financial safety.

I am 58 years old and planning to retire next year, yet the prospect of retirement fills me with unease. I extend my apologies to all those who have retired and are now reliant on social security, especially during this challenging period. After dedicating years of hard work, facing unexpected hardships is truly disheartening. It's particularly tough for retirees who lack savings or a support system to rely on.

@pineedbydmoon

4 ай бұрын

Indeed, there has never been a more opportune time to grasp the intricacies of post-retirement wealth accumulation, especially amidst inflation. By engaging a proficient portfolio advisor, one can passively navigate a dynamically diverse market. The ramifications of fluctuations in the value of the US dollar on investments, in my view, are multifaceted.

@MiaKatherine-sj7ne

4 ай бұрын

True, 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.

@Eric_Dennis

4 ай бұрын

That's quite remarkable! I could definitely benefit from the expertise of such advisors. My portfolio has been struggling significantly... Who is the individual guiding you?

@MiaKatherine-sj7ne

4 ай бұрын

The advisor who guides me is Amanda Kathryn Sachs. She is a certified coach and has helped me understand that returns can be generated in both bullish and bearish markets. She provides insights into various aspects such as investing, insurance, ensuring a well-funded retirement, and exploring methods to mitigate investment risks through volatility buffers. I highly recommend looking her up.

@GersderaNioer

4 ай бұрын

This was helpful. Thank you. I checked her website out. I have sent her an email, and I hope she gets back to me soon.

This is not true FIRE. It is only half - the financial independence part. This couple did *NOT* retire early! They just changed careers.

@shortattentionspangarage1312

27 күн бұрын

I guess it boils down to your definition of retirement. Instead of working the daily grind, they're now maintaining rental properties. Technically yes, it's a different job, but how many less hours per week do they work now compared to before? Even after I officially "retire", I'll probably still pull shifts at the local hardware store just to have something to do.

@MindControll

26 күн бұрын

She's also a part time insurance salesman so it sounds like they traded one daily grind for another.

@whuang03

15 күн бұрын

Managing properties can be a real pain the in @$$ but sounds like they enjoy it enough not calling a job

@MyWTFName

13 күн бұрын

Agree, they just became self-employed landlords

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

@oneiljerry9460

Жыл бұрын

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

@johnlennon232

Жыл бұрын

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

@stephaniestella213

Жыл бұрын

@Zahair O'Brian Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

@stephaniestella213

Жыл бұрын

@Zahair O'Brian I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes. Thanks

@DanielAdolf

4 ай бұрын

David Marvin Willis 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.

I have always believed the stock market is the faster way to growing wealth than traditional retirement funds. But I'm not confident about picking stocks anymore due to personal losses, but I have still have about $89k to invest in the market. Are there really no other options for me to gain from the stock market?

@cloudyblaze7916

Жыл бұрын

Quite frankly there are actually ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach.

@stephenpotter21

Жыл бұрын

I agree on the issue of having a portfolio coach, but also, patience is your best friend here. I'm a huge investor and cant afford to take the risk of investing by my knowledge, so I rather my portfolio is overseen by a license advisor. Since late 2019 amidst corona-outbreak till date, I'm only about $86k short of closing in a $1m ROI

@victorlaranjahal

Жыл бұрын

@@stephenpotter21 Thank you for this!

@DanielAdolf

4 ай бұрын

David Marvin Willis 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.

Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every purchase you make, you can't buy something else. Varied sources of income is wise and especially living within your means. Think about taxes and how you get your income. I made $72k combined net last year and paid no Federal taxes.

@gabriellewilson5625

Жыл бұрын

Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.

@williamskohler8337

Жыл бұрын

@@gabriellewilson5625 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

@davidnewbury1721

Жыл бұрын

@@gabriellewilson5625 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...

@sheliaswelttk2535

Жыл бұрын

@@davidnewbury1721 Tracy really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

@sirgeorgioalastrata4104

Жыл бұрын

@@sheliaswelttk2535 I'm reporting tracy for running these fake KZread comments and she is going to lose her job

Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here,

@JenniferDrawbridge

10 ай бұрын

Everyone needs a different stream of income , unfortunately having a job doesn't mean security due to the high rate of tax , one needs to move ahead their expectation, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

@MarkFreeman-xi3rk

9 ай бұрын

true, 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.

@cythiahan8455

9 ай бұрын

@@MarkFreeman-xi3rk Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

@MarkFreeman-xi3rk

9 ай бұрын

I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with Margaret Johnson Arndt for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

@AntonioBianh

10 ай бұрын

Thanks a lot for this. I really needed the recommendation, and I would love to move my funds from an existing mutual fund. I'll check her.

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways

@DavidRiggs-dc7jk

Жыл бұрын

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

@duane_29

Жыл бұрын

@@DavidRiggs-dc7jk Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

@HarrietBemish

Жыл бұрын

@@duane_29 The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to ‘’Christine Jane Mclean.. my Investment-Adviser.

@berkrix4312

Жыл бұрын

@@HarrietBemish Christine’ really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.

@brianstarfire

Жыл бұрын

sounds like you need an advisor. the only other suggestion i have for you if you really want to retire to a warm climate and save money is to look overseas. you can rent out your MN home and maybe retire in a lower cost country with good healthcare. good luck!

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time 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.

@leojack9090

Жыл бұрын

A 2022 Northwestern Mutual study found that 75% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.

@lowcostfresh2266

Жыл бұрын

@Elizabeth O'Neil Even if you’re not skilled, 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 due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.

@lowcostfresh2266

Жыл бұрын

@Manfred William Melissa Scott Glazner is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@DanielAdolf

4 ай бұрын

David Marvin Willis 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.

Not really a fan of calling this "retirement". They are technically working in real estate. It's important to not call rentals "passive income" as managing the properties, when done appropriately is in fact work. Keeping up with landscaping, maintenance, repairs, and even vetting and evicting tenants are all time intensive. Even when outsourced, they still have to be managed. Really great to see that they put the time in to fix them up before putting them on the market.

@addd21323

Жыл бұрын

I agree, but I think the point is that if they're only working 4 weeks a year (based on what they said), that's close enough to retirement that I think it's fine to get away with calling it retired.

@dakotazx3

Жыл бұрын

☝️ agreed. Owning rental properties and cash flowing (while having a mortgage on them) is not passive.

@joshgomez7522

Жыл бұрын

@@dakotazx3 it's passive income because the renter is paying the mortgage plus more.

@dakotazx3

Жыл бұрын

@@joshgomez7522 I'd agree with you if I didn't have rental properties and know first-hand the work they take. Trust me, it's not passive. Additionally, I'd recommend it to anyone looking to build wealth. It's work, but not terribly challenging or risky if you do it conservatively.

@joshgomez7522

Жыл бұрын

@@dakotazx3 again it's passive income but yes it's not passive work

Chris worked in IT for 18 years and made about $110,000 a year. Debbie worked as an elementary school teacher for 14 years and made about $32,000 a year.... For anyone that is wondering about becoming a teacher, think twice before getting into it. Without his income she would be teaching for her entire life!

@donaldlyons17

Жыл бұрын

Yeah but the issue is together they made 142K per year!!! That is about 2.5 times the median family income!!!! So they made about 2.5 million in that 20 years. WTF that is low wage earners' lifetime money people!!!!

@mocheen4837

Жыл бұрын

That is not a lot for a teacher. My sister is a teacher with a masters degree. I dropped out of college and I make 4x what she makes. I could not afford to attend college and did not want to take a loan out for $150,000.

@TheCreoleSon89

Жыл бұрын

Or she would switch to selling that drought insurance. She makes a killing in one month! I know people that make what she makes in a year!

@ilovegoodsax

Жыл бұрын

It depends on where you live. Guarantee at 32K, her teaching job definately not unionized. Also, she didn't say if her teacher position was in the public school system, or private school (which pays alot less). My point here is -- we have no idea the reason for her 32K teaching salary when she quit eight years (2014).

@Lilmonke_586

Жыл бұрын

I agree. I think becoming a teacher is noble but not smart. I think teachers deserves more than a livable wage, especially for a job that requires a degree. You’re better off doing literally anything else.

My dad worked 7 days a week for his entire adult life saving for the dream of living his retirement years in a patio home on a golf course. He got cancer at age 62 and died 3 months later. I learned watching him not to wait for your dreams. I semi-retire next year at 56 and can do what I want after that. The key was to shed consumer debt and live off less than I made while consistently investing from my early 20s on regardless of market cycles. Our schools need to do a better job of teaching personal finance in middle and high schools. Once we realize that all advertising is designed to trick the mind into needing the latest and greatest, it is easy to avoid those tricks and live responsibly below our means.

@gabrielr4329

Жыл бұрын

Spot on

@xxlalbatross3287

Жыл бұрын

one of the most accurate comments.

@westcoasthustle6133

Жыл бұрын

It's not in the school curriculum for a reason. They brainwash society to become debt slaves for the majority of their lives. If they opened up everyone's eyes to become smarter spenders and better investors, they'd have very few falling into lifetime debt and making them mega profits

@midod5115

4 ай бұрын

This is the most underrated comment I’ve read this year. It really is as simple as you stated. Great job!

@daveforz

4 ай бұрын

Learned the same from my dad. He got cancer at 60. I'm 25 now. I can't imagine working all my life for other people just so I can maybe become old enough to do what I want. I'm doing what I want now.

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.

You are not retired, you have a new line of business. 18 units has a lot of work. You may not go to work daily 9 to 5 but you have a lot of things to take care of.

@casuallym3

Жыл бұрын

Welp

@rickenbacker472

4 ай бұрын

They're also at terrible risk. A down market or interest rate jump could wipe them out. I don't think they even realise.

Sounds like they became independent, NOT retired

I’m currently retired, but look at my idea considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

@tradekings5433

11 ай бұрын

Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

@Robertgriffinne

11 ай бұрын

I dont think its nice asking here you guys 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.

@PhilipMurray251

11 ай бұрын

Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

@Robertgriffinne

11 ай бұрын

There are many you could potentially find online. I personally work with Kate Elizabeth Amdall, and she's been spectacular. But there are also many others you could check out yourself.

@PhilipMurray251

11 ай бұрын

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

Impressive video. I started a bit late (graduated from my doctorate program at age 30 in 2016 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I'm not very knowledgeable with investing, so I have all my capital currently vested in index funds but considering the dollar dumping and current inflation crisis. How optimal would this be beneficial long term?

@carssimplified2195

11 ай бұрын

Ever considered financial planning? There’s a vast amount of ways to yielding a high income in the financial market but that you’d need to pick out an asset first, how much you want to invest & how you wanna invest.

My rental real estate investments barely cash flowed. I never made any real money until I sold the properties.

@retrogamer2548

Жыл бұрын

My 100s of properties have gone to the moon. Crazy how cheap I bought them for 0% down a couple years ago.

@BLACKAAROW

Жыл бұрын

yeah I was really surprised that they only gross 8-10k a month from 19 properties??? how cheap is the rent out there? they should start looking for properties in more affluent places

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?

@mikeroper353

6 ай бұрын

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

@PhilipDunk

6 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.

@sattler96

6 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

@PhilipDunk

6 ай бұрын

My financial advisor is “Vivian Carol Gioia” I found her on a CNBC interview where she was featured and I reached out to her afterwards via her website

@sattler96

6 ай бұрын

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

📌Do what everybody else is doing if you are okay with only having what everybody else has.Information that will pay you everyday, you've got to stop saving all your money. Venture into investing some, if you really want financial stability. Choose to grow and elevate your mind by studying audios, videos, attending conferences that will give you the edge!

@stevenwalker2117

Жыл бұрын

Lately I’ve been thinking of buying cryptocurrency for retirement, I’ve set asides $350k to invest but along the line,I usually get cold feet, maybe because I have no idea what I’m doing, please I could really use some guidelines.

@jamieferguson4991

Жыл бұрын

@@stevenwalker2117 In situations like this,I always recommend to people on getting guidance at least from someone that understands price action and all that while you strive on improving yourself by watching videos and learning fundamental analysis.

@marcoarigliani3460

Жыл бұрын

Investment guidance sounds like a great idea,thought about it before but never knew how to go about it.

@seyedimohammadi6309

Жыл бұрын

@@marcoarigliani3460 I used to invest on my own because of making your money work for you mentality but never made any progress until I sought the guidance of Daniel Christopher Downes and he has made me understand that strategy is everything.

@moniapoznan8156

Жыл бұрын

Wow…..Daniel Christopher Downes?

I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

@AmberDen5293

10 ай бұрын

The market has gone berserk! regardless of experience level, everyone needs a sort of coach at some point to thrive forward.

@charliehunnam5187

10 ай бұрын

True, A lot of folks downplay the role of professionals 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.

@aarondaniels5525

10 ай бұрын

How can I contact your Asset coach as my portfolio is dwindling?

@charliehunnam5187

10 ай бұрын

Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where to find her deets.

@josephhughes9583

10 ай бұрын

Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing

My husband and I are in our mid 40s. We decided 20 years ago to live off 1 income. We have about $1.5M now, no debt, and now we travel in our motorhome while he works from the road and I homeschool. We were planning on traveling once we retired but decided to do it earlier with our kids. We like the idea of having the ability to retire if we wanted. I'm teaching my kids to do the same as they grow older. Living off 50% was a great decision for us

@LaidbackLuc9

Жыл бұрын

I think it’s great. We’re living off of 30-40% of our combined incomes. That said, it is a privilege not attainable to all.

@thisguy73

Жыл бұрын

Its great to be married to someone making $180K a year.. So easy.

@fofofofo3076

Жыл бұрын

@@thisguy73 so true

@guryurfur528

9 ай бұрын

yeah this comment is difficult to understand and relate to others without knowing how much the single job made, but congrats, thats awesome for you guys! consider yourself blessed!

They are not retired by any means, but for some reason, people think just because they don't punch a 'clock' that they are retired, no they just switched gears and started to work for themselves. It truly annoys me when people say that they are retired and they are not. Ms. B. Churchill

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.

@PriyasagM

6 ай бұрын

Gold and copper remains the best investment to venture in, especially as a beginner, it’s not always affected by the downturn of the market

@warringtontoni

6 ай бұрын

​@@PriyasagMI don’t rust them. They all gamble about the same thing which they are not even sure of. It's a waste of time

@BRAINBABBOTT-2233_

6 ай бұрын

True. Am not ready to gamble my money with anyone. That's sick, am looking at spending my savings and I can't afford to lose it.

@trungdubais1767

6 ай бұрын

​@sakshimukherjee9963That's absolutely correct. I find Patricia strain as the best fit for the job. She's a well seasoned financial aid with years of experience

@BRAINBABBOTT-2233_

6 ай бұрын

​@@trungdubais1767Thanks for sharing, I just looked her up on the web and I would sav she really has an impressive background in investing. I will write her an e-mail shortly.

Just so I understand, you bought up 19 houses that could have gone to families to live in but instead are being out priced because people like you guys are buying everything up. Inspiring story guys…

This couple is not retired. The title is misleading, as usual, for CNBC Make It. Owning so many properties as rental property is a job. Rental property is not passive income. Toilets clog up, AC units go out, some Tennants destroy homes etc. etc. They may like their situation better now than before, and it may be more flexible for them, but they are not retired. Retirement is when you receive an income and do absolutely nothing for it, like a pension payment, or a 401(k) distribution. Auto immune conditions are never cured, they have ebb and flows. Although she said her condition has improved, since she quit her job, things could make a turn for the worse. If I were them, I would have worked 10 more years. I would have made sure all rental properties had no mortgages. I would have maxed out the HSA and 401(k). I hope it works out for them!

@barbaraventura2732

Жыл бұрын

She said she retired from teaching, not that she quit. I would bet she took a disability retirement. In Colorado, teachers get a pension they pay into instead of social security.

I am from Spain, my friend in Texas referred me to this channel you make a lot of sense but I do not understand anything until she referred me to a financial counselor in USA that help me to craft my portfolio and over a year we have been working together making consistent profit enough to get me a new apartment and care for parents.

@DavidVelasquez9

Жыл бұрын

@@philippllobet717 it is not a he. It is a lady. I see most things she says and use to carry out trades are done by Steve. that is how I know she knows what she is doing. in her technique of over night trading she says she use stop loss and take profit strategy. She trade on her account and it reflects on your own

@DavidVelasquez9

Жыл бұрын

@@philippllobet717 Her name is Laura Marie Keilman. Look her up online, she is quite popular in the united states and she is a certified financial adviser in order to put you through the procedures of achieving your dream portfolio.

@DavidVelasquez9

Жыл бұрын

@@philippllobet717 I have referred a few of my friends, she is working with them currently and they have improved greatly with their finances. I have made 153,000 usd since Nov with a capital of 10,000 usd that i initially deposited, she collects her fees after you have made profit and her style is such that I am in control of my funds and to a large extent also what happens on my account

Owning, managing and maintaining 19 properties is not retirement, it is self employment. Congrats on joining us entrepreneurs, it is a great lifestyle, but like all things, will come with bumps

@JohnS-er7jh

Жыл бұрын

unless they are hiring a property management firm. But sounds like they live in a nice area where their residents are well behaved and have stable income/jobs. Because in some areas of the country, I would imagine it would be a huge headache (even with having property managers), crimes on the properties, lawsuits, damage to property, town zoning regulation changes, etc.

@nikitapusnakovs

Жыл бұрын

It is also called leverage and getting money for bearing the risk for the price of underlying asset.

@mikea5745

Жыл бұрын

Their properties are spread across the country. They're not managing those themselves

@brianmcg321

Жыл бұрын

Exactly what I thought.

@damonw5926

Жыл бұрын

@@mikea5745 Managing a property is not hard. Remember you don’t to clock in everyday or work 40 hours weeks anymore and when something breaks call the repair man. Also be nice to your tenants and most will be nice to your property. you can also hire a property manager also that is an expenses as well.

I'm not a huge fan of how they're going about this. Sounds like they're leveraged pretty heavily in this real estate and basically just crossing their fingers that nothing bad happens. But I do wish them the best and hope it continues to go well

That's great for them, but for all the young families that want to buy a home and complain about the lack of affordable housing inventory, this couple compounds the situation.

They need to start putting net worth in the title, NOT just savings or stock investments. $540k does not buy 19 rental units. $540k does not generate enough passive income to support a family of this life. It took them 1.64 million at minimum

@iandrayer6029

Жыл бұрын

"How I retired with $540k - have $1.1M of real estate". I'm also not buying that the number is that low - 17 properties have to cost on average over $65k each. That has to be $1.1M of equity in the real estate, not the actual value of the property.

@asodawg4389

Жыл бұрын

The numbers don’t add up those properties don’t make much of anything than. $540 is net and they won’t stay retired long

@thedopplereffect00

Жыл бұрын

If they have like 19 units averaging $200K each that is A LOT of debt. I hope they have a plan if the economy tanks and they can't find renters.

@cjcj2940

4 ай бұрын

Right, the first rental they say 20% down with 60k so that would be a 300k property. With $1,200 mortgage on its own. So if they have 1.1million in equity they would have 5 million in total real estate value with 4 million in mortgage debt. Costing them about $10,000 a month? I like how they casually drop in making $23k in a month as a very minor source of income. Maybe they have property managers resulting in more free time and less income per property. Good for them, just seems to be missing some details to connect the dots.

As someone who owns rentals… that is not retiring. Very challenging work.

@michaelsasso13

4 ай бұрын

You got that right….they just shifted jobs.

@kylerowan7214

3 ай бұрын

Tell me you've never worked a real job without... telling me

Retired with $2.5 M,, @60 $540K? at age 40 I would dust off those resumes, inflation, and medical insurance with gas and heating bills will eat you up, and so will Colorado housing.

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

@BiancaSherly-qt6sb

5 ай бұрын

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.

@hunter-bourke21

5 ай бұрын

Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.

@maryHenokNft

5 ай бұрын

I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

@maggysterling33254

5 ай бұрын

@@maryHenokNft Amazing! I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?

@maryHenokNft

5 ай бұрын

The decision on when to pick an Adviser is a very personal one. I take guidance from*Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

Retired at 55 several years ago, $1m in the bank. More time with my wife. 3-5 trips to the gym each week that I couldn’t do while working. Way less stress. More time for hobbies. Cycled 5,000 miles my 1st year of retirement. Joined a golf league that work travel had prevented. Actually have seen our net worth INCREASE nearly each year in retirement, thanks to no debt and years of dedicated investing with my FA Emily Lois Parker who made me a million after giving her a sum of one hundred and eighty thousand to start. Now i'm able to help my elderly mom more. Way more time spent outdoors with my family. Life is good!

@ericwilde4583

7 ай бұрын

smart, You've done well for yourself miss, It’s all about accumulating wealth through compound interest investment

@ParishBlein

7 ай бұрын

hi, i'm 49 and already planning ahead for my retirement, i know it's really early but i'm working really hard to retire by 55. I've been working as an accountant for an AUTO company for 12 years and i already have close to 100+ saved but i don't know where to start. Can your Fa invest it for me please? i don't think i can do it myself. please i need a reply

@katelynrenesse4798

7 ай бұрын

@@ParishBlein I admire your hard work and i must say you're well on your way to retiring early. Look her up, she's not hard to find. Goodluck

@billcresta

7 ай бұрын

@@katelynrenesse4798 out of curiosity i did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply. Thanks for the tip

@ParishBlein

7 ай бұрын

@@billcresta Thanks for saving me hours of research, copied Emily Lois Parker on my browser, i'll reach out to her really soon. great share!

no wonder people are finding it impossible to buy a house in Colorado.

Inaccurate title. They really retired with $1.64 million.

This is a beautiful story!!! They look like they are made for each other. Their story is somewhat relatable for folks in IT. Plus they aren't cheapskates!!! Thank you for this video!!! 🎇✨🎉

$50k for a home is just nuts. In my market, $50k will get you a garage. Impossible to be cash positive on rentals with a mortgage in my area. Good for them figuring a system that works for them.

@alecgalbraith5604

Жыл бұрын

Sounds like what they bought all needed full rehabs, so you’d need to factor in those costs (and time) as well.

@beatricerights

Жыл бұрын

50K is not even a good down payment in NYC

@krn2683

Жыл бұрын

I have friends in that area. Housing is cheap as heck especially if you're willing to put in some elbow grease on a fixer up.

@unknowndriver6652

Жыл бұрын

They didn't figure out anything they got lucky the marker was very cheap in 2016 that's all

Thank you for sharing your story - beautiful and inspiring!

Seems crazy to have that much debt to make 2k a month on 19 properties. Maybe I'm not understanding this correctly but owning 19 properties with net rental income of 4-6k and monthly expenses 3500-4000. One new roof would wipe out 2 months income. One bad tenant that takes 3 months to get evicted could be a problem.

@kalah6962

Жыл бұрын

@Jesse K The way I understood it is their net rental income is 4-6k. That's after the monthly expenses for the properties (including debt service). Their personal monthly expenses are the 3.5-4k so their rental income is enough to cover their personal expenses.

The key to videos like these is simply realizing life is simple, less is MORE. Everyone thinks you need to be a millionaire before retiring, but that is not always the case, you just need to think and act like one...

Smart, loving, and beautiful family. Glad they're enjoying the best times of their lives.

Give a few years before they sell online courses on how to become a real estate millionaire

@thoryan3057

Жыл бұрын

Yep. Their options are: 1. Go back to work eventually (one day, when their "fool proof" retirement plan collapses) 2. Make money selling online courses on how to become a real estate millionaire 3. Make money through youtube selling becoming a real estate millionaire creative content 4. A combination of 2 and 3 People like these people make me sick. They sell financial fantasies to people who are desperate to retire than is realistically feasible. Personally, I do plan to become financially independent one day, but probably not until my late fifties or early sixties. Retiring at age 40 requires substantial luck, substantial income, or substantial commitments, or substantial idiocrasy on how much you actually need to retire for a 50+ year retirement and/or urgency for proper debt risk management. I hope to have $500,000 by age 40, but after future inflation that would not be enough to retire for 50+ years no matter how frugal I choose to be.

@beatricerights

Жыл бұрын

@@thoryan3057 They have been "retired" for over three years so it's working for them.

@thoryan3057

Жыл бұрын

@@beatricerights Wow, a whole three years. Gee willikers, talk about success.

@Wholefoods6671

Жыл бұрын

@@thoryan3057 lol you hating bad. They make 8-10k a month on rentals, they will be fine as long as they save some of that money and continue to buy more properties. If you don't make enough yearly income, it means you work a low skill job that doesn't require extensive training. Tech Trades Healthcare Pick one and go make your money

@thoryan3057

Жыл бұрын

@@Wholefoods6671 ".......and continue to buy more properties." You do understand how buying more properties on leverage is MORE risk, right?

Not hating on the couple but the title of this video is VERY misleading. They’re NOT retired.

@lilibethvilella

3 ай бұрын

And they have 1.2 million in rental properties

For most people..its better to be a financially independent than being a multi millionaire.

@alp.9672

Жыл бұрын

Most people rather be multi millionaire not live frugal and boring like this couple.

the rental homes racket works until it doesn't and you lose half the value in a crash and are ruined for decades.. ask people who did what you did in the years before 2008

They must have had luck with finding good tenants that pay on time in all thier rentals. All that debt could catch up with them if they come upon bad renters or the housing market crashes. Good for them tho, they seem to have worked hard and achieved thier goals

@unknowndriver6652

Жыл бұрын

Exactly, people on youtube made it looks easy but its not.. you need luck to buy cheap and get good tenants that pay always on time.. that's rare

I really resonate with the statement, "I had been working for a retirement that I may never enjoy"... So often we are future oriented, which is great, however, it is so important to be present, as we cannot predict what life gives us. Thanks for the video, while I know the FIRE movement isn't for me, its great seeing those that are successful in it, and there are bits and pieces that I can take away from it.

@mocheen4837

Жыл бұрын

Yeah, I have at least 8 more years to go. I plan to retire in my 50’s. I already switched to part time work. Trying to find more time for family.

@marawood3801

Жыл бұрын

Right! My aunt worked hard saved money and retired at 66 only to die from stroke 6months later. She could have retired earlier but wanted to save more. My advice is retire early if you can afford to.

This process might be interesting to people who have never considered the way that real estate might be used as an investment tool, but let’s be clear: This is not a universal solution to people’s financial woes, and the practice has externalities that actually make life worse for the average person. Kind of annoying that CNBC actually presents this as an aspirational financial trajectory without any emphasis on the broader societal consequences. In the context of a limited and diminishing housing stock where poorer first-time home buyers have a difficult time getting a residence, investor opportunists buying up all the real estate (especially the least expensive, small, “starter” homes) so that they don’t have to work anymore makes wider inequalities in home ownership worse. And home ownership is a major vehicle for building generational wealth in this country. Thanks for glamorizing the process of using the underregulation of our capitalist system to make your fellow man worse, CNBC. 😒 Where would we be without this highest caliber of journalism?

What a lovely couple and family. Good for them!

These people are not retired. They started a business.

I think this is cool, but FIRE means to retire early but with so many rental properties it sounds like they will still be managing and keeping up with everything. This is not truly FIRE imo. It sounds like they have reached financial independence more than the “RE” part of FIRE.

This is why there’s a housing shortage , you don’t want to be a millionaire? Why acquire 10+ properties lol

@donaldlyons17

Жыл бұрын

Because people have to have a place to stay so they are forced to pay someone for that access!!!

@quinnh9107

Жыл бұрын

Financial freedom.

Anyone owning 19 rental properties works more than 4 weeks a year guaranteed. I chose to do the opposite, bought land and built a home, lived there a few years, and bought another piece and built another home. Got both paid off very fast and renting both high end homes, living in another house I built on another property. Having 2 high end properties attracts a different clientèle who actually pays rent, being paid-for generates similar net revenue as their 19, minus the headaches. Everyone says use that the equity and buy more? Why, so I can net the same only with more tenets to deal with?

So rare and refreshing to see FIRE with actual children involved. But I don’t see the landlord experience as actual retirement. It’s a lot of work and headaches.

Their hugely leveraged real estate DEBT hanging over their heads is stressful. I wish they shared how much that is and talked about that more. And yes, stop the title about “retired”…they are working as much or more hours now!

@TheCreoleSon89

Жыл бұрын

I agree with the “retired” part. They just have different job titles which is fine. The first part about their leveraged debt doesn’t phase me as much because they have a significant cash backing. They have over 100k in just liquid to help with any repairs and survive their problems with tenants. I know a few people just taking debt to keep capital flowing. I like their situation but absolutely they are not retired.

@FunStuffBuddy

Жыл бұрын

@@TheCreoleSon89 great points. agreed that debt isn’t all bad but it also was completely ignored/not acknowledged and is definitely an important part to mention since it still weighs over your head early on in the process

@TheCreoleSon89

Жыл бұрын

@@FunStuffBuddy oh for sure. I hope they did what they did with the first house and put down 20%. I watched twice and I didn’t see what they did with the next set of houses. I’ll give it one more view to see if it is clarified but I will probably head over to their KZread channel. Also, did you see she sells insurance too? I thought dang 23k for a month of selling? She must be a beast at selling or in a place with no rain. Haven’t decided which one.

@FunStuffBuddy

Жыл бұрын

@@TheCreoleSon89 yes!! I was like $23k in one month selling insurance!?! They need to provide the details on that! That’s crazy!

@TheCreoleSon89

Жыл бұрын

@@FunStuffBuddy because I would do that in a heartbeat. It takes me 1/4 of the year to get that kind of money from working 2 jobs lol 😂

I’m confused on how they were able to live off 50% of his income, if they were buying houses simultaneously

@prettygirlus9008

Жыл бұрын

I'm guessing mortgage loans on the houses.

@rickyayy

Жыл бұрын

Loans

@mocheen4837

Жыл бұрын

You need an income to apply for a loan. They gave me a hard time even when I refinanced my home loan. I have enough cash to pay my house off 4x. Not sure why they scrutinized my loan so closely and my credit score is in the mid 800’s.

@imveryhungry112

Жыл бұрын

did u hear the part where they said they tried to spend $100 a month for groceries sometimes?

@retrogamer2548

Жыл бұрын

I've bought hundreds of houses. All 0 percent down loans. No money needed to become a millionaire.

My classmates brother retired at the age of 38 in Colorado. He spent 20 years in the U.S. Airforce and now gets his monthly pension. He saved up and paid cash for his condo, before he retired!

I lost over $70K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $9k profits weekly. Thanks so much Mrs Karen Cosmann.

@benandersonn12

Жыл бұрын

Mrs Cosmann changed my life because of the high profits I got from investing with her.

@rexhecks3307

Жыл бұрын

@Frank Wells You can communicate with her on telegam with the user name below

@rexhecks3307

Жыл бұрын

investwithcosmann,, that's it

23K per month for selling insurance to ranches. That is the real income. That comes to 276K a year. That is good money.

@FIRE_DrNinjaTurtle

Жыл бұрын

I only caught that she did it one month out of the year. I did not catch that part.

"I just began to realize that I had been working for a retirement I may never enjoy." This is SO impactful for me! It is so true that we bank on making it to retirement age and that's no guarantee! And the fact that being free from the workforce has contributed to better health for her speaks volumes!

@MrTmenzo

Жыл бұрын

Only thanks to her husband's good salary though, if she was single she would have to continue working sadly.

You guys are killing me with the red font on the green backgrounds. Colorblind kid is struggling 😂😂

Would like to see how you spend 100 a month on groceries with a family of 4.

@TheCreoleSon89

Жыл бұрын

I agree. I’m as cheap as they come. I buy Walmart gift cards for 2-4% discount and I still spend 135 on groceries. AND I LIVE ALONE. I call bull.

@donaldlyons17

Жыл бұрын

@@TheCreoleSon89 Depends on what they buy. For example I bought spaghetti sauce and noodles and vitamins and so some months were 60$ and others were 80$.

@TheCreoleSon89

Жыл бұрын

@@donaldlyons17 for a family of 4? If it’s you alone I can understand getting away with 100. They must have animals and a huge garden or go to the pantry. Because that is a very low number. I do buy a lot or produce so I can understand if I just ate beans and rice everyday.

@thisguy73

Жыл бұрын

Food banks

@Audreylin29

Жыл бұрын

Good point!!!

Beautiful journey, one that folks really need to watch. I’m 50, retired a while at 45. I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accounts, in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly.

@gagnecaron658

Жыл бұрын

You seem to be doing a bit good for yourself. Do you achieve this via a consultant? because I need a scheme to generate a high yield percentage ROI for me and advise on what that would be. In essence, good investments that'll help me achieve FIRE.

@robertthurmond8161

Жыл бұрын

@@gagnecaron658 Oh yes I definitely use a licensed consultant. He places a sizable portion of my capital in fixed securities that generate high in-come for me quarterly like treasury bills, corporate bonds, government securities, and debentures & REITs.

@gagnecaron658

Жыл бұрын

@@robertthurmond8161 Okay please is there a way I could reach out to this consultant? There's certain goals I have for myself before clocking 40.

@harleycartley3138

Жыл бұрын

You’re really killing the FIRE game. I wish to have this someday

@robertthurmond8161

Жыл бұрын

His name is James Fletcher Brennan, you can look him up if you want to reach him

The cost of health insurance when I retired after working at my job for 31years at the age of 53 was a real eye opener. I was paying about $1700 per month with my employer still contributing. I'm now 68, thank God for social security and Medicare and my pension. Retiring in your 40s sounds awesome, but your not investing into social security or a pension or a 401k, which I did. I still paid $2500 for my car and home insurance last week, so its still expensive even at this age. I relied on my 401 to cover unexpected expenses, but the economy hasn't been the greatest for awhile and can't rely on the stock market. These large amounts sound great to retire on, but it goes very quickly when you don't have a sure thing coming in every month. Some people think that SS is automatic at 62, it isn't if you didn't contribute to it.

@ifihadfriends437

Жыл бұрын

These people aren't really retired since they have to manage 19 properties. They're probably still contributing to their retirement accounts.

Taking care of rental property is a headache. It sounds sweet until you get crazy renters. They can be hard to evict sometimes and they can tear your property to pieces. Very expensive to fix back up.

Pretty hard to manage properties in Memphis from CO but let's leave all that detail out.

@patienceeric3236

Жыл бұрын

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

@emmamartinezs5046

Жыл бұрын

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

@user-u818

Жыл бұрын

This must be an investment with Mrs Maureen K carr

@simonkatz6789

Жыл бұрын

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

@andreamfernando9485

Жыл бұрын

Such a wonderful personality, you’re totally a genius with your work and you have the best options.thank you for your help Ms Maureen

Instantly recognized the voices from go bucket yourself. I really enjoy the podcast

So they don't have $540k, they have $1.64M+. Way to make a headline.

I'm curious - who is managing your properties? Because managing 19 properties definitely can not be considered 'retirement'... it is a lot of work

Cash flowing rental properties is definitely the fastest way to reach FIRE. That’s how I was able to “retire” my 9-5 by the age of 28. Good job guys!

@JimzAuto

5 ай бұрын

What’s the likelihood most of your properties will fall behind and/or stop paying?

@FinancialFreedomLifestyle

4 ай бұрын

It happens but you keep reserves for that. Our evictions generally take 60-90 days at the most. The secret to having safe real estate investments is buy in good areas and but bigger buildings. single family homes are not the best IMO when starting out. If that person leaves YOU have to pay the bills. But when you have 6, 8 ,12 unit buildings that risk goes down.@@JimzAuto

This is not retirement. This is switching career paths.

This headline is a stretch. To say they are retired makes it sound like they are free to do anything. Owning rental property is hardly "retired," it's hard work. You have to manage everything (tenants, repairs, taxes, evictions, lawsuits). It can build wealth but it's not carefree and it's certainly not freedom from work. It would be more accurate to say they left working for others to work for themselves.

I aspire to be this type of wealthy! Congratulations to them, very aspirational

Being a landlord for over a dozen properties, working 1 month a year, writing books and hosting a podcast does not sound like retirement to me.

@truehappiness4U

Жыл бұрын

Retirement means not working 9 to 5 jobs anymore. What they do is retirement. Writing books etc. Is seen as hobby. A fun one

@ErickaWilliamsCC

Жыл бұрын

so you want to sleep all day and do nothing??? what does retirement look like for you?

@IgWannA2

Жыл бұрын

@@ErickaWilliamsCC Travelling the world and not having to worry about 18 properties (or money in general) is what retirement sounds like to me, lol. So many FIRE people seem to also be doing seminars or websites or books or blogs as a side hustle. Not really retirement IMO. But each to their own. Retirement is just financial freedom, but personally I don't think worrying about property rents is true freedom.

540k isn’t enough, you need at least 3 million minimum.

19 properties in 4 years and all with mortages. Banks lend so easily in the USA and this why Lehman Bros happened in 2008.

Wish they actually showed their mortgage debt instead of saying that "tenants cover it" as if it's not their obligation

@travist2176

Жыл бұрын

Right, they don't really tell the whole story, but do some calculations the expenses on the rentals are around 50%, so their total loans are around $5k/month on 17 properties. So those are some really cheap properties that are making $500/month in rental income.

Misleading title. Makes it seem as though the cash flow came from the 540K. Lame

this is very misleading. they DID NOT retire, they just transitioned into being small business owners. managing rental properties and renovating on your own is still full time work.

@foxhound34

2 ай бұрын

That was my immediate thought, not to mention I highly suspect they have a negative net worth with all those properties.

Consistency and mindset are the key. I am saving a lot these days but have not always been in a position to do that. What I have always done is save what I could, never live beyond my means and think extremely carefully about any purchases not just the big ones. I hope to retire when I’m 50 (or at least be in a position to do so) and this should be no problem (I’m 42 now)

@xxlalbatross3287

Жыл бұрын

👍

Inflation has entered the chat.

A few things. First of all, you are certainly not “retired” as a landlord of 17 properties! Seems like you’ve had luck with tenants so far, but that will change and the constant administration and upkeep of these properties is a huge hassle. And second, I thought she retired due to an auto immune disorder. If so, how can she be working all day physically in a house getting it into renter shape? You can do that but can’t teach? Doesn’t make sense. Anyway, good luck to them but the real money will be made once they’re sold. Until then, this is FAR from retirement.

@beatricerights

Жыл бұрын

Usually when properties cash flow like that they don't appreciate that much.

@Wholefoods6671

Жыл бұрын

Y'all are jealous in this comment section lol

Click bait. They aren't retired

I never post. This is my one and only time I’ll do it. This video shows a family sitting on a ticking time bomb. The fact they have all these rental properties WITH mortgages is insane. They are a recession away from loans being called and tenants unable to pay/occupy. Just ask Dave Ramsey how that ends. This isn’t FIRE, this is heavily leveraged gambling for short term gains. I don’t fault anyone’s choices - more power to you… but don’t call what they’ve done with rental properties FIRE.

These people are so over-leveraged. things could very easily go south - they could not be able to cover the mortgages and lose all their real estate properties. i saw this happen to a friend of mine in 2008.

@kaedentruong6925

Жыл бұрын

Were yours fixed mortgages? 😂

When was this filmed? I'm surprised to hear Debbie speak of decreasing mortgage payments in this time of rising interest rates.

@Zoetherat

Жыл бұрын

She was talking about her mortgage debt overall. As the years pass, she pays down the principle of her mortgages so the amount she owes to the bank becomes smaller. A lot of her mortgages are probably 30 year loans that don't change no matter what happens to interest rates, although i'm sure that not all of them are.

@theotherguy6155

Жыл бұрын

if you're american and you aren't getting a fixed rate mortgage --- you're doing it wrong.

This is a really sweet and inspiring story. Thanks so much for sharing!

So inspirational ❤

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity

@blessingpaul5484

7 ай бұрын

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@SophiaBint-wj8wn

7 ай бұрын

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

@alicebenard5713

7 ай бұрын

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

@KatherineAnderson-lm8bw

7 ай бұрын

Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

@user-cr8nd1sy8e

7 ай бұрын

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

I respect your hustle but love you for the way you work as a team and complement each other. I wish more people from my community can collaborate like this.

What I noticed is that all these videos of people retiring early has them still working though not the typical 9-5 job. They make their own hours and decisions. That is fantastic but I think they should say they retired from their 9-5 jobs and not they retired at 40 because even though it’s better they’re still not really ever retired apparently.