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FIRE Psy Chat
United States
Приєднався 6 кві 2021
My mission is to help people achieve financial independence and retire early. My channel contains educational content on your 401(k), Roth IRA, and TSP. If you want to retire early, you have to take control of your finances now!
My financial independence journey began in 2014 when I realized how broke I was. I lived way above my means and was in over my head with $110k in debt. I completed my debt-free journey in 2 years by the age of 30. I discovered the Financial Independence and Retire Early (F.I.R.E.) movement and saved 60-70% of my gross income.
I became a financial coach to help millions of Americans get out of debt, create a budget, and achieve financial freedom. I started my UA-cam channel in 2021 to share my progress in F.I.R.E. I have a website to offer my financial coaching services, free spreadsheets, and personal finance calculators. I hope you find my experience helpful in starting your F.I.R.E. journey.
My financial independence journey began in 2014 when I realized how broke I was. I lived way above my means and was in over my head with $110k in debt. I completed my debt-free journey in 2 years by the age of 30. I discovered the Financial Independence and Retire Early (F.I.R.E.) movement and saved 60-70% of my gross income.
I became a financial coach to help millions of Americans get out of debt, create a budget, and achieve financial freedom. I started my UA-cam channel in 2021 to share my progress in F.I.R.E. I have a website to offer my financial coaching services, free spreadsheets, and personal finance calculators. I hope you find my experience helpful in starting your F.I.R.E. journey.
What to do with Cash When Interest Rates Plummet
What should you do with cash as the Fed cuts interest rates in 2024 and 2025? Is now the right time to lock into a CD to maximize the return?
Join my private FIRE 🔥 Community to connect with me! 🙂
➡️ firepsychat.com/community
👨🏫 Financial Consultation 👩🏫
Schedule a 1-on-1 Private Session with Psy
➡️ www.firepsychat.com/consultation
The budget app! Start your free YNAB trial today!
➡️ www.firepsychat.com/ynab
Increase your income by starting a course in Course Careers!
➡️ coursecareers.com/a/FIREPsyChat
📖 Get Your Free Financial Spreadsheets and Resources 📖
➡️ www.firepsychat.com/resources
Support the channel!
➡️ ua-cam.com/channels/xVMI3H_O2PW5O4qpORkZ_Q.htmljoin
For sponsorships and business inquiries
➡️ media@firepsychat.com
⏰ Table of Contents ⏰
0:00 How Bank Interest Rates Change
2:53 HYSA Allocation
4:55 CD Allocation
6:55 Barbell CD Ladder
8:30 Bullet CD Ladder
#FIREPsyChat #FinancialIndependence #HYSA
🎵 Music and Sound Effects Provided by Epidemic Sound 🎵
www.epidemicsound.com/referral/de9jqv/
Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.
Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.
Join my private FIRE 🔥 Community to connect with me! 🙂
➡️ firepsychat.com/community
👨🏫 Financial Consultation 👩🏫
Schedule a 1-on-1 Private Session with Psy
➡️ www.firepsychat.com/consultation
The budget app! Start your free YNAB trial today!
➡️ www.firepsychat.com/ynab
Increase your income by starting a course in Course Careers!
➡️ coursecareers.com/a/FIREPsyChat
📖 Get Your Free Financial Spreadsheets and Resources 📖
➡️ www.firepsychat.com/resources
Support the channel!
➡️ ua-cam.com/channels/xVMI3H_O2PW5O4qpORkZ_Q.htmljoin
For sponsorships and business inquiries
➡️ media@firepsychat.com
⏰ Table of Contents ⏰
0:00 How Bank Interest Rates Change
2:53 HYSA Allocation
4:55 CD Allocation
6:55 Barbell CD Ladder
8:30 Bullet CD Ladder
#FIREPsyChat #FinancialIndependence #HYSA
🎵 Music and Sound Effects Provided by Epidemic Sound 🎵
www.epidemicsound.com/referral/de9jqv/
Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.
Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.
Переглядів: 2 172
Відео
How to Start Investing Today in a Weird Economy
Переглядів 9554 години тому
Check out the full video with @Wealthion ua-cam.com/video/fmThiv0Fd4k/v-deo.htmlsi=StC4mszoIEM7VzQ3 Here's how I would start investing today when the economy slows down. Start taking control of your household finances. Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.c...
What Happens to Home Prices When Interest Rates Plummet
Переглядів 2,1 тис.7 годин тому
What happens to the home prices when the Fed cuts interest rates? Will the prices rise or fall? Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.com/consultation The budget app! Start your free YNAB trial today! ➡️ www.firepsychat.com/ynab Increase your income by start...
Why Americans are taking out DEBT to Visit Disney
Переглядів 47014 годин тому
Credit to @CNBC ➡️ ua-cam.com/video/4WywwDmY66A/v-deo.htmlsi=MXne7q9iEc-OYM2f Most Americans are taking out debt to visit Disney resorts, and most do not regret going into debt for it. They consider it "good debt." Let's dive into why they think visiting Disney is a good debt. Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Sche...
How to Create Infinite Wealth for Your Family
Переглядів 1816 годин тому
How should you set your kids up for financial success? Did you know that you can transfer unused 529 funds to your kid's Roth IRA? Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.com/consultation The budget app! Start your free YNAB trial today! ➡️ www.firepsychat.com...
IMPORTANT Data Before November 7 Rate Cuts!
Переглядів 1,3 тис.16 годин тому
What does the Federal Reserve need to see before the next meeting on November 7 to cut interest rates? Let me show you what you need to know between now and November 7. Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.com/consultation The budget app! Start your free YN...
Why Index Funds Perform Better Than Target Date Funds
Переглядів 84721 годину тому
Which fund gives a better performance? A target-date fund or a US total stock market index fund? Let's go through the breakdown. Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.com/consultation The budget app! Start your free YNAB trial today! ➡️ www.firepsychat.com/y...
Should I Stop Investing to Save for a House?
Переглядів 795День тому
Is now the time to stop investing so that you can save for a house? Let's look into the FIRE checklist to see what makes sense. Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.com/consultation The budget app! Start your free YNAB trial today! ➡️ www.firepsychat.com/yn...
Beware of Investing in the WRONG Dividend Stocks!
Переглядів 1,2 тис.День тому
Not all dividend stocks are created equal. Some stocks pay you qualified dividends, while others only pay you ordinary dividends. Let's dive into the differences between them. Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.com/consultation The budget app! Start your ...
Is Paying Off Your Mortgage Early a HUGE Mistake?
Переглядів 94614 днів тому
Is paying off your mortgage early a colossal mistake when the interest rate is less than 3%? The answer actually depends on the scenario. Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ www.firepsychat.com/consultation The budget app! Start your free YNAB trial today! ➡️ www.firepsyc...
How Much Taxes You Pay for Roth 401K (Single vs Married)
Переглядів 1,7 тис.14 днів тому
How Much Taxes You Pay for Roth 401K (Single vs Married)
How Married Couples Get More Tax Savings Than Singles in 2024
Переглядів 1,2 тис.14 днів тому
How Married Couples Get More Tax Savings Than Singles in 2024
Why I'll Always Prioritize Roth IRA Over Roth 401K?
Переглядів 4,3 тис.14 днів тому
Why I'll Always Prioritize Roth IRA Over Roth 401K?
Is it Time to Buy More Small Cap Stocks?
Переглядів 58421 день тому
Is it Time to Buy More Small Cap Stocks?
Why Roth 401K is Better for Your FIRE Journey
Переглядів 6 тис.21 день тому
Why Roth 401K is Better for Your FIRE Journey
Is The 4% Rule Still Safe? ($1M Portfolio Demonstration)
Переглядів 3,4 тис.21 день тому
Is The 4% Rule Still Safe? ($1M Portfolio Demonstration)
How This Rule Allows You to Withdraw 401K Penalty Free
Переглядів 1,4 тис.21 день тому
How This Rule Allows You to Withdraw 401K Penalty Free
Why Coast FIRE is Easy & RISKY At The Same Time
Переглядів 2,8 тис.28 днів тому
Why Coast FIRE is Easy & RISKY At The Same Time
8 Levels of Financial Independence (Fat FIRE vs Lean FIRE)
Переглядів 3,8 тис.28 днів тому
8 Levels of Financial Independence (Fat FIRE vs Lean FIRE)
How to Start Investing The Right Way to Achieve FIRE
Переглядів 2,5 тис.28 днів тому
How to Start Investing The Right Way to Achieve FIRE
This 401k Mistake is Costing You $172 Billion/Year
Переглядів 1,3 тис.Місяць тому
This 401k Mistake is Costing You $172 Billion/Year
How Mega Backdoor Roth Works in Your 401K
Переглядів 1,1 тис.Місяць тому
How Mega Backdoor Roth Works in Your 401K
Why 401K Rollover Makes Sense For High Income Earners
Переглядів 573Місяць тому
Why 401K Rollover Makes Sense For High Income Earners
Every FIRE Investment Strategy You Need to Know
Переглядів 2,4 тис.Місяць тому
Every FIRE Investment Strategy You Need to Know
When ETFs Make More Sense Than Index Funds (Full Breakdown)
Переглядів 1,4 тис.Місяць тому
When ETFs Make More Sense Than Index Funds (Full Breakdown)
Roth IRA vs HSA: Avoid These Tax Penalties
Переглядів 1 тис.Місяць тому
Roth IRA vs HSA: Avoid These Tax Penalties
The Roth IRA is Powerful But It's Not Quite Enough (Roth IRA History)
Переглядів 1,4 тис.Місяць тому
The Roth IRA is Powerful But It's Not Quite Enough (Roth IRA History)
Avoid These Roth IRA Mistakes or They Will Cost You
Переглядів 2,9 тис.Місяць тому
Avoid These Roth IRA Mistakes or They Will Cost You
Which 401K is the Best? (Every Retirement Account Explained)
Переглядів 630Місяць тому
Which 401K is the Best? (Every Retirement Account Explained)
I do 50% C and 50% S been doing pretty good
Can anyone open and contribute to an HSA?
Just get ally bank
Price View
Morris Stream
I invest my HSA, except an $1800 cash buffer for use. We max every year, and I consider it my Medical EF. My employer even contributes $1,000 annually!
So, hold onto my South Orange County California condo for 2 more years? Then, sell for $20k less than the amount to keep myself under the taxable $250,000 profit? That sounds good. 😎
I still feel like the annuity is the best option. Better than lump sum
The tax info is all for pretax, HSA… I’m contributing to an after tax HSA. Ate the benefits similar?
Appreciate the knowledge
Thanks for your content
Roth tsp c fund 100% until I die.
Yes. 100% c fund even through retirement.
What account has more benefits if you plan to retire early I have a 26% savings rate I’m 26 and make 90k I have 100k invested and I want to retire as early as possible
Hello Sir, I’m interested in booking a 1-on-1 consultation, but before proceeding, I’d like to get an idea of how many sessions I would need to qualify for bundle pricing. I noticed before that you offered a 20-minute free consultation, but I’m unable to find that option now. Could you please let me know if it’s still available? I’ve also submitted my information on your website just now. Thank you!
Hey there! We didn’t receive your info, so please email us directly at hello@firepsychat.com. We can answer your questions from there. Thanks!
I AM IN TAMPA IN FLORIDA!!!!!!!!
Be safe with the incoming hurricane
I’ve made a vow to myself to never buy a lottery ticket, so I don’t really know why I’m watching this but it’s interesting info!
tldr: it go up
You need to have a market of people that can buy houses for the market to go up. That is already gone. Show me the population numbers of people that have the income to buy a house.
TSP is outdated
Is CD earning is taxable for retirees?
If I couldn’t win anonymously and had to do a press conference, I would simply wear a disguise and glasses maybe even a full face mask because it’s not peoples business what I look like and I would use some kind of phony name. I’m sure there are a lot of ways around the fame part. But yes, of course I would disconnect my phone because I don’t want to hear from 90% of the people who will call claiming that I should pay for their, daughters, cousins neighbors, tuition or something.
Kind of strange advice, do you seriously think of that if I win $200 million that I’m going to keep my job for one more minute? I don’t care how much I love my job, I’m going to quit and tell the boss exactly what I think of him. No, I won’t need to worry about my retirement or pension that I’ve been working for nor my Social Security. All of that just gets about because I will have a lot of money in my checking account to live off of. If there are only certain states that allow you to remain anonymous well I’m getting a PO Box and buying a house in that state immediately, so that I can remain anonymous. This is a good video, but the problem is the way you have it set up. People have to follow every bit of your advice or it doesn’t work, it’s like you’ve created this puzzle and it only fits together in one way with the pieces that you provide. I need to have freedom when I win the lottery so I don’t want to be told what to do how to spend it who to hire to advise me, etc., I can do it quite well on my own if I can manage a checking account with $2000 a month income I can certainly handle $200 million
Fay Inlet
Effertz Shoal
Great explanation on starting investments!
But what if u boug my ticket online via banking i cant sign it 😂
That is so corny you work to save up and give to your kids as well thats how generational wealth works