$1,000,000 In Assets | $702,000 August 2024 Networth | Monthly FIRE Review

Поділитися
Вставка
  • Опубліковано 27 вер 2024

КОМЕНТАРІ • 63

  • @luli1867
    @luli1867 26 днів тому +6

    Hi Mona! Fellow New Yorkers here. Congratulations to you for reaching the two big milestones. You are an inspiration to me, who is 39 and planning to (hopefully can) have a child on my own. Keep up the amazing progress!

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@luli1867 NYC is a beast and so much more expensive when trying to gain financial freedom, I know you understand as a fellow New Yorker. And thanks, it feels great to have hit these milestones but it took so much sacrifice. I’m trying my best to build my networth up to 1 million as fast as possible but I’ll see what the future holds. I had my one and only kiddo at age 36 so you can totally do it and even in your 40s if you want to 😁

  • @ChristopherFrank3
    @ChristopherFrank3 25 днів тому +84

    As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

    • @MarkEdward2
      @MarkEdward2 25 днів тому +1

      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

    • @AndrewHenry06
      @AndrewHenry06 25 днів тому

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

    • @LindaPatricia02
      @LindaPatricia02 25 днів тому

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

    • @AndrewHenry06
      @AndrewHenry06 25 днів тому

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

    • @LindaPatricia02
      @LindaPatricia02 25 днів тому

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

  • @OurRetireEarlyJourney
    @OurRetireEarlyJourney 25 днів тому +2

    Love your transparency. Keep saving & aggressively investing!

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому +1

      @@OurRetireEarlyJourney Thanks, I’m planning to invest aggressively as long as I have/can keep my high paying job. And I truly believe it’s important to be transparent with finances it only helps everyone to see what other “normal” people are doing

  • @1988Allnatural
    @1988Allnatural 25 днів тому +4

    You're doing great with your retirement accounts by 40 that's impressive! I'm 36 around 600K net worth.

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@1988Allnatural Thanks! You will definitely be beyond 700K once you turn 40.

  • @DanABA
    @DanABA 25 днів тому +3

    Your kid is going to be a millionaire.

  • @fred5528
    @fred5528 25 днів тому +43

    My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@fred5528 Investing is really important, it’s because of my investing and home why my networth is where it is.
      I do no endorse Larysa Caba

    • @leticiaenraz8514
      @leticiaenraz8514 25 днів тому

      I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.

    • @bigelbow4854
      @bigelbow4854 25 днів тому

      I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.

    • @ivarlast2966
      @ivarlast2966 25 днів тому

      I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

    • @annddyyy-6920
      @annddyyy-6920 25 днів тому

      I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

  • @mickLee-d4f
    @mickLee-d4f 26 днів тому +2

    1 mil well done good for you.

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому +1

      @@mickLee-d4f Thanks! It was a long hard journey but I’m finally here 😁

  • @debrasjourney
    @debrasjourney 25 днів тому

    Great job and thanks for showing us hard work pays off! 😊

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@debrasjourney Thank you! I’m trying to build financial security for myself and my kiddo.

  • @Ambition101
    @Ambition101 23 дні тому

    Im a new Subscriber. Great work. I'll continue following your updates and progress.

    • @singleparentfire2363
      @singleparentfire2363  23 дні тому

      @@Ambition101 Aww thanks for subscribing and hoping my journey 🙏🏾

  • @h_tee61
    @h_tee61 22 дні тому

    Credit card offers you Insurance on purchases and then pay the balance by the statement day..

    • @singleparentfire2363
      @singleparentfire2363  22 дні тому

      @@h_tee61 I’ve never been paranoid about my money being stolen so credit cards have no value to me

  • @WW-34
    @WW-34 День тому

    Congratulations on your million dollar assets! My portfolio is almost exact to yours! 🎉

    • @singleparentfire2363
      @singleparentfire2363  День тому

      Thanks, it was definitely a huge surprise 😊. And congrats to you as well to building wealth in your portfolio.

  • @esterbennett8883
    @esterbennett8883 26 днів тому

    u r doing great young lady😊

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@esterbennett8883 I’m 40 years old so not quite young lol but I’m trying my best 😁

  • @arcep2936
    @arcep2936 26 днів тому

    Great job of continued success!! How do we get that networth template ?

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@arcep2936 Thanks! Honestly it’s a template I created in excel lol, there no fancy formulas in it just addition and subtraction

  • @gfranco11
    @gfranco11 26 днів тому +2

    What is ur yearly income?

    • @singleparentfire2363
      @singleparentfire2363  26 днів тому +7

      @@gfranco11 200K plus a year end bonus but I’ve only been earning this level of money for 2 years, before that my income was SUBSTANTIALLY lower

    • @luli1867
      @luli1867 26 днів тому

      @@singleparentfire2363 May I inquire about your profession? I'm in education, and the pay is horrendous...

    • @kimberlystokes663
      @kimberlystokes663 26 днів тому

      @@singleparentfire2363 Thank you for sharing

    • @gfranco11
      @gfranco11 24 дні тому

      @@singleparentfire2363 nice for the Roth ira are u doing backdoor Roth?

  • @languso13
    @languso13 25 днів тому

    Whats the end goal?

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@languso13 The end goal is to have 1 million in investments (not just networth) so I can retire early as soon as possible

  • @hulkman4004
    @hulkman4004 23 дні тому

    you make 200k by yourself couples don't even make that combine.

    • @singleparentfire2363
      @singleparentfire2363  23 дні тому

      @@hulkman4004 Yes, I make 200K by myself, it took pure determination, grit, and a great job market to make this much money. I’ve been taking care of myself and my kid by myself all my life so as long as I have this high income I’m going to build wealth the best I can and as fast as I can so I can hopefully retire early 😁.

    • @hulkman4004
      @hulkman4004 23 дні тому

      @@singleparentfire2363 200k I'm sure you can. I'm using 40k and plan to retire early.

  • @DillonDeterman
    @DillonDeterman 25 днів тому +1

    Damn impressive! 29 with 300k

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@DillonDeterman Thanks, I’m trying to hit 1 million networth as fast as possible through aggressive investing! And you’re the one that is super impressive with 300K, my networth was less than 100K at 29.

  • @Uplift3704
    @Uplift3704 26 днів тому +1

    Good job. You will reach 1million by the end of the year.

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому +1

      @@Uplift3704 Thanks! I hope I hit 1 million networth by the end of 2024, that would be BEYOND amazing 🤩

  • @gurrrrlish
    @gurrrrlish 25 днів тому

    YOU DO AN AMAZING JOB - -OPTMIZING YOUR EARNINGS toward financial freedom.
    quite impressive.... i like that you plan to RE - as soon as possible .....
    delay gratification - that is the key - - you said it.... KEY....
    i was FI for a number of years - but kept working - just not inspired to pull the RE trigger - especially because historically this employer is famous for LAYOFFS - - -
    so i waited patiently - and sure enough it happened - - i got a wonderful severance that covers my monthly spend for the next 4 years - - so it's like a free RE - - my portfolio income is not needed at all. to me this is such a life WIN - realization of a many years dream...
    i am doing such a happy dance - all the FIRE effort/ focus & some bit of sacrifice has been so so so well worth it...

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому

      @@gurrrrlish Living below my means while earning a high income will be my ticket to early retirement. But life be so unpredictable so I have no idea how things will work out, I just do the best I can in my current circumstance and take it one day at a time.
      Working for a company is SO unstable, I don’t have any loyalty to any employer because you can easily get laid off or fired for any reason.
      I’m glad your severance helped fund your retirement which is exactly what it should do. Life is about being FREE!!!

  • @jandabest5261
    @jandabest5261 25 днів тому

    Congratulations on reaching this milestone!!! 🎉

  • @gbenny582
    @gbenny582 26 днів тому

    Wow I love this channel ❤ you motivate me

    • @singleparentfire2363
      @singleparentfire2363  25 днів тому +1

      @@gbenny582 Awww thanks! Stick around as I invest on this roller coaster called life