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.
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 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.
This is true but it makes sense to me. I feel that even if I semi-retire, I'll want to earn income and stay active. Yes, that can also mean volunteering or other endeavors, but point being that a low stress job is much less of a daily burden than the 9-5, commute, etc
Retirement seems so much harder now than it was a decade ago. The rising cost of living, inflation, and unpredictable markets are making it impossible to calculate a safe number
It really depends on your lifestyle and goals. For example, do you want to travel often, or are you planning to live a modest life? A lot of people overlook healthcare costs-those can easily eat into your savings. I’ve heard some recommend at least 80% of your pre-retirement income annually, but that may not even be enough with today’s inflation
Great point. I’m also worried about underestimating how long I’ll live. Running out of money at 70 or 80 sounds like a nightmare. I’ve been managing my investments myself, but honestly, I think I’ve made some bad decisions. I’ve barely grown my portfolio, and now I’m panicking!
After a devastating hurricane destroyed my beachside business in 2017, I vowed to never again put all my eggs in one basket. I've since diversified my investments and hired a financial advisor to manage my excess funds. Now, as a semi-retired sailor, I spend only 9 hours a week maintaining my yacht, and I'm thrilled to be just 5% shy of my $3.4 million retirement goal, thanks to savvy investments made since rebuilding my finances
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help
My CFA, Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
I am almost through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
Research 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.
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.
She goes by “Sonya Lee Mitchell” I say you 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.
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 compound interest and potentially grow your retirement savings over time.
@braidenchesnutt I agree, that's the more reason I prefer my day-to-day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@amolejoshua7452 I appreciate the implementation of ideas and strategies that result in unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, Do you mind sharing info about this person guiding you, please?
@@BarbaraLouise-i3r Finding financial advisors like MARGARET MOLLI ALVEY who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@amolejoshua7452 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look MARGARET MOLLI ALVEY up and send her a message. You've truly motivated me. God's blessings on you.
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.
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.
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.
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?
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.
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.
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
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.
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.
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
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.
@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
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.
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.
@@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.
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.
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Izella Annette Anderson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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 resume.
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
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?
Look up, dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, you should work with a financial advisor to help set up a well-structured portfolio.
@@amolejoshua7452 I agree. Based on personal experience working with a financial advisor, I currently have $800k in a well-diversified portfolìo that has experienced exponential growth from when I started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@elegboozioma7267 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.
@@FolarinSodiq I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Victoria Carmen Santaella" I've worked with her for 4 years and highly recommend her. Check if she meets your criteria.
@@elegboozioma7267 Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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.
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.
@@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?
@@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...
@@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
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@@AllsopsBrowns Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@DavidsDefelices How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@ThomasesLaceys The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
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!
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!!!!
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.
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).
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.
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.
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.
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
'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.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Annette Marie Holt 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.
thanks For clearing that up, I curiously searched for Annette Marie Holt on the internet and thankfully, I came across her my goal is to retire in 3years time.
Really enjoyed this video. I'm considering your advice, because thousands of dollars have been disappearing from my 401k due to soaring inflation, and my concern is where to safeguard and grow remaining cash about $500k+ for the next 2-3 years at no risk. I'd love to retire early and afford a life after retirement.
I may be unable to offer personalized investment guidance, but then I suggest consulting with a reliable advisor to ensure appropriate investment planning.
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.
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
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.
@@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.
@@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.
@@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.
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!
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
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!
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.
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
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.
@@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.
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?
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.
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
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
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
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.
@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
@@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.
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
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!
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 atleast $3million by, the market up and down is not helping at all.
same here buddy, the basic idea is to hold for long term, but I've only got 3years until my 50s are done, Im considering a sort of coach or investment adviser at this point.
Totally, an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, my portfolio used to be up and down, but for the past couple years I've been having consistent profit growth scaling from $500k to $1.8million
Well said, I actually signed for a few youtube courses but it didn't help much, a colleague suggested I use a proper financial advisor, how did you go about touching base with your adviser
I usually don't do well with online recommendations, but this Lisa advisor seem to know her stuff, just went through her website and I booked an appointment.
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
"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.
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.
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...
At 32, I'm diving into investing for the first time. I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions. My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner.
I completely agree-having a professional manage my investments has been invaluable. My job doesn’t allow time for in-depth stock analysis, so I entrusted an advisor with my portfolio. I’ve been fully invested since the COVID-19 outbreak, and I’m happy to say my portfolio has grown fivefold in just five years, reaching nearly $1 million.
Impressive gains! Who's guiding your investments? I’m excited to invest for my future retirement, but I'm unsure where to begin. Currently, I’m only contributing to my 401K through my employer, but the returns have been slow.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
$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.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
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!
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 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
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.
@@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
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Agreed, It's essential to diversify your portfolio. While quality stocks are a solid foundation, you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 29% this year alone... maybe you should do the same.
I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
NYCOLE CHRISTINA VANNATA 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.
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.
@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.
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.
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.
"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!
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.
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
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?
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.
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.
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.
I am 37 years old and plan on retiring in 5 years. I have about 1.7 million in my investment portfolio. Started investing at 21 years old. I max my 401k, HSA, and Roth IRA. I own 2 rental properties as well. Single guy no kids. The key here is to be single and invest often!
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
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!
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
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!!! 🎇✨🎉
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 $500/month in rental income.
They must have had luck with finding good tenants that pay on time in all thier rentals. All that debt could catch up with them if they come upon bad renters or the housing market crashes. Good for them tho, they seem to have worked hard and achieved thier goals
@@ErickaWilliamsCC Travelling the world and not having to worry about 18 properties (or money in general) is what retirement sounds like to me, lol. So many FIRE people seem to also be doing seminars or websites or books or blogs as a side hustle. Not really retirement IMO. But each to their own. Retirement is just financial freedom, but personally I don't think worrying about property rents is true freedom.
So rare and refreshing to see FIRE with actual children involved. But I don’t see the landlord experience as actual retirement. It’s a lot of work and headaches.
They just turned in to slum lords. 17 rental properties is horrible, thanks for keeping people out of homes and keeping the lower class lower! This isnt making it this is being ok with exploiting your neighbors.
I wouldn't say they are retired. managing 19 rental units could be considered a full time job in itself. But if that work enables the type of freedom they are looking for, bravo! They made that happen through their own hustle and smarts, good on them. I'm hoping to retire early at 58 and just work a little when I want to
@@TheCreoleSon89 Depends on what they buy. For example I bought spaghetti sauce and noodles and vitamins and so some months were 60$ and others were 80$.
@@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.
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!
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.
@@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
@@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 UA-cam 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.
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?
This is inspiring. But at 17 properties to one couple and knowing they are not the only ones doing this…. is the reason many of us cannot buy a first time home.
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…
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Speaking with an advisor helped me stay afloat in the market and grow my portfolio to about 65% since January 2022, and in a couple months, I was able to earn over $350K in net profit They have strategies that are specifically suited to your long-term objectives and financial aspirations.
I started out with an FA called “Lisa Ann Moberly”. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting an FA.
I looked up the name and came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have scheduled a call with her.
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?
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.
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.
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.
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.
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.
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.
If you have side jobs such as insurance sales, book writing and podcasts, you are not really retired. You just rerouted course with less hours. It is not bad at all but clearly not retired.
BaristaFIRE is the term for what theyre doing. It's technically impossible to retire under 60 because health insurance is outrageously expensive outside of an employee sponsored plan. It seems like theyll need it as they told us that one of them have a chronic condition. So you either work a stressless part time job that offers insurance or have side income to fund that
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.
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.
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.
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.
"We do have mortgages on all of our rental properties which we consider business debt". Oh dear oh dear oh dear. That's not business debt it's personal debt. They're mortgaged up to their eyeballs and almost certainly have a negative net worth. They have taken on HUGE risk. Fortunately they seem to be completely oblivious to it so probably sleep well at night - I don't think I could.
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?
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.
You say you worked your a ss off and then you "retired" and still work to keep up these properties and as a salesperson and podcaster? That is a weird way to retire.
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,
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.
@@devereauxjnr 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.
@@viewfromthehighchairr 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.
@@viewfromthehighchairr I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
I got the impression from the video that $540k was what they had in money, not their total net worth. Their net worth is over a million with all their rentals.
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.
They are actually doing very well despite critics on here. 540k easily pays for the mortgage for 19 properties and they can hunker down for a year worst case nothing rents. Plus there is a ton of sweat equity from rehab.
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.
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.
@@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.
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.
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.
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.
"Izella Annette Anderson" 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
Insightful... I was curious about her, so I looked her up online. I discovered her website, and I must say that she seems knowledgeable. I sent her an email outlining my goals. I appreciate you sharing.
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?
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.
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
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.
Buy shares in index funds. For example if you have your stocks account with Fidelity you can buy FFNOX, FNCMX, FSGGX, FXAIX, etc. They mirror different indexes and track a alongside them. With a good mix of these sorts of funds your portfolio will largely grow at the same rate as the broader American market.
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.
I was looking for this comment. Lol they just have different jobs. Which is fine. It’s financial independence though which is the point
Wait till all their 19 properties start falling behind and/or not paying. Colorado is rapidly becoming ‘Cali 2.0’.
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.
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."
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.
This is not true FIRE. It is only half - the financial independence part. This couple did *NOT* retire early! They just changed careers.
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.
She's also a part time insurance salesman so it sounds like they traded one daily grind for another.
Managing properties can be a real pain the in @$$ but sounds like they enjoy it enough not calling a job
Agree, they just became self-employed landlords
This is true but it makes sense to me. I feel that even if I semi-retire, I'll want to earn income and stay active. Yes, that can also mean volunteering or other endeavors, but point being that a low stress job is much less of a daily burden than the 9-5, commute, etc
Retirement seems so much harder now than it was a decade ago. The rising cost of living, inflation, and unpredictable markets are making it impossible to calculate a safe number
It really depends on your lifestyle and goals. For example, do you want to travel often, or are you planning to live a modest life? A lot of people overlook healthcare costs-those can easily eat into your savings. I’ve heard some recommend at least 80% of your pre-retirement income annually, but that may not even be enough with today’s inflation
Great point. I’m also worried about underestimating how long I’ll live. Running out of money at 70 or 80 sounds like a nightmare. I’ve been managing my investments myself, but honestly, I think I’ve made some bad decisions. I’ve barely grown my portfolio, and now I’m panicking!
After a devastating hurricane destroyed my beachside business in 2017, I vowed to never again put all my eggs in one basket. I've since diversified my investments and hired a financial advisor to manage my excess funds. Now, as a semi-retired sailor, I spend only 9 hours a week maintaining my yacht, and I'm thrilled to be just 5% shy of my $3.4 million retirement goal, thanks to savvy investments made since rebuilding my finances
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help
My CFA, Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
I am almost through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
Research 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.
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.
I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?
She goes by “Sonya Lee Mitchell” I say you 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.
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.
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 compound interest and potentially grow your retirement savings over time.
@braidenchesnutt I agree, that's the more reason I prefer my day-to-day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@amolejoshua7452 I appreciate the implementation of ideas and strategies that result in unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, Do you mind sharing info about this person guiding you, please?
@@BarbaraLouise-i3r Finding financial advisors like MARGARET MOLLI ALVEY who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@amolejoshua7452 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look MARGARET MOLLI ALVEY up and send her a message. You've truly motivated me. God's blessings on you.
This comment certainly leaves out some crucial details. 20% of 1 year of income? Nope. 20% for your entire working career? Nope.
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.
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.
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.
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?
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.
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.
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.
Spot on
one of the most accurate comments.
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
This is the most underrated comment I’ve read this year. It really is as simple as you stated. Great job!
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.
"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."
Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.
Well said! My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.
That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
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.
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
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.
@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
@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
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.
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.
☝️ agreed. Owning rental properties and cash flowing (while having a mortgage on them) is not passive.
@@dakotazx3 it's passive income because the renter is paying the mortgage plus more.
@@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.
@@dakotazx3 again it's passive income but yes it's not passive work
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.
Welp
They're also at terrible risk. A down market or interest rate jump could wipe them out. I don't think they even realise.
How much time does 18 units take?
@@rickenbacker472yea the amount of debt taken on for 19 units in 3 years is insane.
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
consider investment planning, learning from a well experienced advisor is invaluable
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
@@mariaguerrero08Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Izella Annette Anderson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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 resume.
My rental real estate investments barely cash flowed. I never made any real money until I sold the properties.
My 100s of properties have gone to the moon. Crazy how cheap I bought them for 0% down a couple years ago.
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
Sounds like they became independent, NOT retired
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?
Look up, dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, you should work with a financial advisor to help set up a well-structured portfolio.
@@amolejoshua7452 I agree. Based on personal experience working with a financial advisor, I currently have $800k in a well-diversified portfolìo that has experienced exponential growth from when I started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@elegboozioma7267 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.
@@FolarinSodiq I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Victoria Carmen Santaella" I've worked with her for 4 years and highly recommend her. Check if she meets your criteria.
@@elegboozioma7267 Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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.
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.
@@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?
@@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...
@@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
@@sheliaswelttk2535 I'm reporting tracy for running these fake UA-cam comments and she is going to lose her job
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@@AllsopsBrowns Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@DavidsDefelices How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@ThomasesLaceys The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@DavidsDefelices Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
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!
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!!!!
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.
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!
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).
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.
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.
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.
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
Mind if I ask you to recommend this particular coach you using their service?
'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.
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.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Annette Marie Holt 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.
thanks For clearing that up, I curiously searched for Annette Marie Holt on the internet and thankfully, I came across her my goal is to retire in 3years time.
Really enjoyed this video. I'm considering your advice, because thousands of dollars have been disappearing from my 401k due to soaring inflation, and my concern is where to safeguard and grow remaining cash about $500k+ for the next 2-3 years at no risk. I'd love to retire early and afford a life after retirement.
I may be unable to offer personalized investment guidance, but then I suggest consulting with a reliable advisor to ensure appropriate investment planning.
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.
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
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.
@@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.
@@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.
@@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.
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!
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
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!
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.
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
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.
It is also called leverage and getting money for bearing the risk for the price of underlying asset.
Their properties are spread across the country. They're not managing those themselves
Exactly what I thought.
@@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.
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?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
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.
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
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
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.
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
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.
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
@@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
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.
@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
@@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.
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
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.
Its great to be married to someone making $180K a year.. So easy.
@@thisguy73 so true
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!
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 atleast $3million by, the market up and down is not helping at all.
same here buddy, the basic idea is to hold for long term, but I've only got 3years until my 50s are done, Im considering a sort of coach or investment adviser at this point.
Totally, an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, my portfolio used to be up and down, but for the past couple years I've been having consistent profit growth scaling from $500k to $1.8million
Well said, I actually signed for a few youtube courses but it didn't help much, a colleague suggested I use a proper financial advisor, how did you go about touching base with your adviser
She's very much accessible to the masses, a quick search with her name Lisa Ann Moberly will suffice, you should do your research.
I usually don't do well with online recommendations, but this Lisa advisor seem to know her stuff, just went through her website and I booked an appointment.
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
"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.
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
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.
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.
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...
At 32, I'm diving into investing for the first time. I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions. My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner.
There are so many choices to make, and for beginners, it's often best to entrust daily investment decisions to an experienced advisor.
With a multitude of decisions to navigate, newcomers may find it advantageous to rely on a seasoned advisor for their day-to-day investment choices.
I completely agree-having a professional manage my investments has been invaluable. My job doesn’t allow time for in-depth stock analysis, so I entrusted an advisor with my portfolio. I’ve been fully invested since the COVID-19 outbreak, and I’m happy to say my portfolio has grown fivefold in just five years, reaching nearly $1 million.
Impressive gains! Who's guiding your investments? I’m excited to invest for my future retirement, but I'm unsure where to begin. Currently, I’m only contributing to my 401K through my employer, but the returns have been slow.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
As someone who owns rentals… that is not retiring. Very challenging work.
You got that right….they just shifted jobs.
Tell me you've never worked a real job without... telling me
$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.
Sounds like what they bought all needed full rehabs, so you’d need to factor in those costs (and time) as well.
50K is not even a good down payment in NYC
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.
They didn't figure out anything they got lucky the marker was very cheap in 2016 that's all
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@AlexHunte98 Oh please I’d love that. Thanks!.
@@Lourd-Bab Suzanne Gladys Xander is her name .
Lookup with her name on the webpage.
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!
smart, You've done well for yourself miss, It’s all about accumulating wealth through compound interest investment
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
@@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
@@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
@@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!
Give a few years before they sell online courses on how to become a real estate millionaire
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.
@@thoryan3057 They have been "retired" for over three years so it's working for them.
@@beatricerights Wow, a whole three years. Gee willikers, talk about success.
@@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
@@Wholefoods6671 ".......and continue to buy more properties." You do understand how buying more properties on leverage is MORE risk, right?
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Agreed, It's essential to diversify your portfolio. While quality stocks are a solid foundation, you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 29% this year alone... maybe you should do the same.
I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
NYCOLE CHRISTINA VANNATA 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.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.
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.
@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.
For most people..its better to be a financially independent than being a multi millionaire.
Most people rather be multi millionaire not live frugal and boring like this couple.
These people are not retired. They started a business.
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.
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.
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.
"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!
Only thanks to her husband's good salary though, if she was single she would have to continue working sadly.
I’m confused on how they were able to live off 50% of his income, if they were buying houses simultaneously
I'm guessing mortgage loans on the houses.
Loans
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.
did u hear the part where they said they tried to spend $100 a month for groceries sometimes?
I've bought hundreds of houses. All 0 percent down loans. No money needed to become a millionaire.
Not hating on the couple but the title of this video is VERY misleading. They’re NOT retired.
And they have 1.2 million in rental properties
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!
What’s the likelihood most of your properties will fall behind and/or stop paying?
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
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?
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.
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.
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.
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.
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..
I am 37 years old and plan on retiring in 5 years. I have about 1.7 million in my investment portfolio. Started investing at 21 years old. I max my 401k, HSA, and Roth IRA. I own 2 rental properties as well. Single guy no kids. The key here is to be single and invest often!
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
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!
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
Hello, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
The popular lady Melissa Jean Talingdan comes to mind. You'd find her basic info. on the web to set up appointment as she offers free consultations.
I just ran a search with her name out of curiosity and came across her web page, I wrote her an email hope she replies soon.
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!!! 🎇✨🎉
Wish they actually showed their mortgage debt instead of saying that "tenants cover it" as if it's not their obligation
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.
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
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
Being a landlord is hard work. This is not retirement.
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.
Retirement means not working 9 to 5 jobs anymore. What they do is retirement. Writing books etc. Is seen as hobby. A fun one
so you want to sleep all day and do nothing??? what does retirement look like for you?
@@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.
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.
23K per month for selling insurance to ranches. That is the real income. That comes to 276K a year. That is good money.
I only caught that she did it one month out of the year. I did not catch that part.
They just turned in to slum lords. 17 rental properties is horrible, thanks for keeping people out of homes and keeping the lower class lower! This isnt making it this is being ok with exploiting your neighbors.
Inaccurate title. They really retired with $1.64 million.
I wouldn't say they are retired. managing 19 rental units could be considered a full time job in itself. But if that work enables the type of freedom they are looking for, bravo! They made that happen through their own hustle and smarts, good on them. I'm hoping to retire early at 58 and just work a little when I want to
Would like to see how you spend 100 a month on groceries with a family of 4.
I agree. I’m as cheap as they come. I buy Walmart gift cards for 2-4% discount and I still spend 135 on groceries. AND I LIVE ALONE. I call bull.
@@TheCreoleSon89 Depends on what they buy. For example I bought spaghetti sauce and noodles and vitamins and so some months were 60$ and others were 80$.
@@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.
Food banks
Good point!!!
Right, they have careers as property investors and managers. By the sounds of it, full time!
This is why there’s a housing shortage , you don’t want to be a millionaire? Why acquire 10+ properties lol
Because people have to have a place to stay so they are forced to pay someone for that access!!!
Financial freedom.
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!
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.
@@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
@@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 UA-cam 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.
@@TheCreoleSon89 yes!! I was like $23k in one month selling insurance!?! They need to provide the details on that! That’s crazy!
@@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 😂
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
This must be an investment with Mrs Maureen K carr
I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price
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
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?
This is inspiring. But at 17 properties to one couple and knowing they are not the only ones doing this…. is the reason many of us cannot buy a first time home.
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…
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Speaking with an advisor helped me stay afloat in the market and grow my portfolio to about 65% since January 2022, and in a couple months, I was able to earn over $350K in net profit They have strategies that are specifically suited to your long-term objectives and financial aspirations.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
I started out with an FA called “Lisa Ann Moberly”. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting an FA.
I looked up the name and came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have scheduled a call with her.
Thank you for sharing your story - beautiful and inspiring!
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?
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.
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.
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.
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.
@@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?
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.
Smart, loving, and beautiful family. Glad they're enjoying the best times of their lives.
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.
If you have side jobs such as insurance sales, book writing and podcasts, you are not really retired. You just rerouted course with less hours. It is not bad at all but clearly not retired.
Semi retired still has the word retired in it
It's called "semi-retired "
BaristaFIRE is the term for what theyre doing. It's technically impossible to retire under 60 because health insurance is outrageously expensive outside of an employee sponsored plan. It seems like theyll need it as they told us that one of them have a chronic condition.
So you either work a stressless part time job that offers insurance or have side income to fund that
@@ilovegoodsax that is not what is in the title nor what the said in the video.
@@rickyayy that is not the title of this video.
This is not retirement. This is switching career paths.
When was this filmed? I'm surprised to hear Debbie speak of decreasing mortgage payments in this time of rising interest rates.
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.
if you're american and you aren't getting a fixed rate mortgage --- you're doing it wrong.
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.
These people aren't really retired since they have to manage 19 properties. They're probably still contributing to their retirement accounts.
Pretty hard to manage properties in Memphis from CO but let's leave all that detail out.
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.
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.
"We do have mortgages on all of our rental properties which we consider business debt".
Oh dear oh dear oh dear. That's not business debt it's personal debt. They're mortgaged up to their eyeballs and almost certainly have a negative net worth. They have taken on HUGE risk. Fortunately they seem to be completely oblivious to it so probably sleep well at night - I don't think I could.
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?
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.
You say you worked your a ss off and then you "retired" and still work to keep up these properties and as a salesperson and podcaster? That is a weird way to retire.
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,
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.
@@devereauxjnr 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.
@@viewfromthehighchairr 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.
@@billclinton-f8n credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@viewfromthehighchairr I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
$540K would not remotely be enough to retire at age 40. Factor in inflation, health care costs, etc., and it’s not even close.
I got the impression from the video that $540k was what they had in money, not their total net worth. Their net worth is over a million with all their rentals.
Did they say how they financed repairs and renovations?
You guys are killing me with the red font on the green backgrounds. Colorblind kid is struggling 😂😂
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.
They are actually doing very well despite critics on here. 540k easily pays for the mortgage for 19 properties and they can hunker down for a year worst case nothing rents. Plus there is a ton of sweat equity from rehab.
Never heard of sweat equity satisfying mortgages
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.
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.
@@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.
@@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.
You’re really killing the FIRE game. I wish to have this someday
His name is James Fletcher Brennan, you can look him up if you want to reach him
How in the world did they get 19 investment properties with only a $60k investment? The numbers don’t add up
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.
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.
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.
@@mellon-wrigley3 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
"Izella Annette Anderson" 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
Insightful... I was curious about her, so I looked her up online. I discovered her website, and I must say that she seems knowledgeable. I sent her an email outlining my goals. I appreciate you sharing.
I'm curious - who is managing your properties? Because managing 19 properties definitely can not be considered 'retirement'... it is a lot of work
FIRE community let’s goooo
This is a really sweet and inspiring story. Thanks so much for sharing!
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?
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.
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
@@stephenpotter21 Thank you for this!
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.
Buy shares in index funds. For example if you have your stocks account with Fidelity you can buy FFNOX, FNCMX, FSGGX, FXAIX, etc. They mirror different indexes and track a alongside them. With a good mix of these sorts of funds your portfolio will largely grow at the same rate as the broader American market.