I love your authenticity. I got started late in the game with retirement as well. I just wanted to get past living paycheck to paycheck in my 20s. When we know better we do better, and so I learned and disciplined myself. I still know people who think they will always have a car payment, rolling equity into new loans. I keep telling them about your channel😂😁
This is our concern because we really did not start until we were in our 40's as well. We bought our home consumer debt free. We felt like we made it so we ended up going back into debt. We do have an Emergency Fund. Now we are getting rid of the car notes. We regret doing that but we are working on those. But our origional concern was making sure we could eat, afford rent, and gas. We cashed out retirements in the beginning. Even with the debt on the cars we have a positive networth now. When we bought the house we made sure we could afford it and even made the bank lower the amount of the approval. But this is the first time we have a positive networth. 42 and 43 years old.
Knowing better gives us the opportunity to do better...one of the things I play with is a Compound Interest calculator...play with that and see how adding an extra this or that every month looks. You'll find that over the next 23 years, you have time to put enough away to retire comfortably. Another plus is there are 2 of you making it potentially more income to invest :-)
Great video. I did start that 3% 401K when I started working. I always thought that was good, until I found Dave. I use to get out of debt all the time. I would just get back in, because I thought I had to. Everyone has a car payment, a credit card. But I realized you don’t have to.
Infectious personality, great communicator, inspiring story, but relatable for those just getting started on their journey.. awesome video! Congrats on your success - you earned it!
And I totally to forgot to talk about the part when I did the thing they said to NEVER do...cashed out my entire 401K - paid the penalty for doing it - to use the money to put down on this house...lol.
Thank you for this 😮💨😮💨I’m 41, I feel like I’m behind and not close to catching up. Debt is taking most of my check 😩but this video gave me hope!!!🙌🏾🙌🏾🙌🏾🙌🏾
I found your channel because of your tenant that destroyed your home...that was awful! I kept following because I went on my own financial journey. Glad I found you. I agree that I never want to experience someone taking my stuff again!!
I completely enjoyed this conversation. If I could do it again I would absolutely put money into a Roth IRA from the time of my first job! We would be even further along for sure. However now that we know better we are teaching our children so it's all a win🥰
Tinesha, this was really good! I was just telling my younger cousin don't get caught up in the home approval amount focus on what you can afford. Years before I purchased my first home, this older gentlemen said the same. He also added if you're married think about being able to carry the mortgage if your partner or you suddenly didn't have income. That stuck with me. Yes, it's how you manage that debt! Whew, talk about what the flesh desires!
This was so relatable T thanks so much foe sharing 💜💜💜.. thanks for sharing the pics 📸 okkuurrrr.. excuse me sis imma need this refinance videooooo puhleaseee.. I dont owe anything on my cc right now or I should I pay them in full before they are due so I don't pay the interest .. can I get an Amen
Hello...I believe you are in IT and work for the Federal government? I am also in my forties and in IT. I work for government but not local. Do you have any videos on the subject/topic. Especially when talking about retiring early. I know that can most likely happen when you have a high or higher income. TIA
No I don't. Heres the thing there are a lot of high income earners with equal amounts of high debt to prove it. Its not about the income you make but the habits you build no matter the income. Now let me google federal government.
I been with my company since Dec 2011 didn't start contributing till 2016 or so i am part time the company contributed 1% until i made changes i had $700 😂😂 i do company match at 4% i also have outside brokage and Roth Ira account i need to contribute for 21 more years better than nothing im 45 now
Believe it or not...I don't believe in "generational wealth." I think its another gimmick of straws America tries to brainwash us into reaching for and feeling bad about when we are not on the imaginary path of achieving it. To build generational wealth we would need Oprah or Steve Harvey type money. Most of us are struggling with retirement money nevermind anything else. So because we are not moguls with a half a dozen successful businesses and partnerships under our belts, the best we can do is make it so that our kids do not have to spend their financial resources taking care of us in our elderly years and if there's anything left over after that...great, that's what they'll get.
I started when I was 50 and became debt free by 60 and still building.
Congratulations
I love this … I paid off all of my consumer debt..next in line my home
I love your authenticity. I got started late in the game with retirement as well. I just wanted to get past living paycheck to paycheck in my 20s. When we know better we do better, and so I learned and disciplined myself. I still know people who think they will always have a car payment, rolling equity into new loans. I keep telling them about your channel😂😁
Thank You for this video. I'm in my 40's and feel I'm so behind in life. Thank you for giving me hope and motivating me.
This is our concern because we really did not start until we were in our 40's as well. We bought our home consumer debt free. We felt like we made it so we ended up going back into debt. We do have an Emergency Fund. Now we are getting rid of the car notes. We regret doing that but we are working on those. But our origional concern was making sure we could eat, afford rent, and gas. We cashed out retirements in the beginning. Even with the debt on the cars we have a positive networth now. When we bought the house we made sure we could afford it and even made the bank lower the amount of the approval. But this is the first time we have a positive networth. 42 and 43 years old.
Knowing better gives us the opportunity to do better...one of the things I play with is a Compound Interest calculator...play with that and see how adding an extra this or that every month looks. You'll find that over the next 23 years, you have time to put enough away to retire comfortably. Another plus is there are 2 of you making it potentially more income to invest :-)
@@FunandBudget will do thanks
Thanks for sharing
I’m in my 50’s working, newly divorced and pennyless
Hope I can turn this around👍🏾✌🏾
💜💜💜
Very inspiring. I'm 39 and we'll have to start over with 401k and paying off debt so hearing your story gives me so much hope. ❤
You cashed out yours? I had definitely cashed out mine.
Great video. I did start that 3% 401K when I started working. I always thought that was good, until I found Dave. I use to get out of debt all the time. I would just get back in, because I thought I had to. Everyone has a car payment, a credit card. But I realized you don’t have to.
Exactly...I was under the same school of thought of you will always have a car payment and a mortgage.
Content for that property made you so much money. That tenant gave you a blessing in disguise once you got over the initial shock.
Absolutely!!!!
Infectious personality, great communicator, inspiring story, but relatable for those just getting started on their journey.. awesome video!
Congrats on your success - you earned it!
Thank you!
One of your best videos! I had no idea you werein your forties when things changed for you. Very inspiring!
And I totally to forgot to talk about the part when I did the thing they said to NEVER do...cashed out my entire 401K - paid the penalty for doing it - to use the money to put down on this house...lol.
10% match at work nice
Thank you for this 😮💨😮💨I’m 41, I feel like I’m behind and not close to catching up. Debt is taking most of my check 😩but this video gave me hope!!!🙌🏾🙌🏾🙌🏾🙌🏾
I found your channel because of your tenant that destroyed your home...that was awful! I kept following because I went on my own financial journey. Glad I found you. I agree that I never want to experience someone taking my stuff again!!
Thank you so much for sticking with me long after the drama was over :-)
Yes, please do a video on refinancing ❤
I completely enjoyed this conversation. If I could do it again I would absolutely put money into a Roth IRA from the time of my first job! We would be even further along for sure. However now that we know better we are teaching our children so it's all a win🥰
Congratulations 🍾
I’m 32 and you help me so much
❤❤❤
Thank you for this ! 🙏🏼
Ok! I’m 42 and getting serious about my financial future!
I love videos like this!! Show us the wayyyy 🙏
Good morning Tinesha! Great video!!
Thanks so much
Great Content 👍
$400 vacation is wild. Sounds like really good RT flight tickets. I assume that included lodging.
Yes...it included the hotel and the flight.
Hi Tinesha, Did you get rid of the timeshare you had. I was a watcher years ago. This was a great video. I enjoyed it very much.
Thank you...and yes, I did
Great morning 🌄
2:48 wow I didn't know that!
First million! Yes, to more coming. 🙌🏽
12:54 Yes, let's get into this.
I really had to work hard to "re-brainwash" me. The anxiety was real.
Tinesha, this was really good! I was just telling my younger cousin don't get caught up in the home approval amount focus on what you can afford. Years before I purchased my first home, this older gentlemen said the same. He also added if you're married think about being able to carry the mortgage if your partner or you suddenly didn't have income.
That stuck with me. Yes, it's how you manage that debt! Whew, talk about what the flesh desires!
❤
This was so relatable T thanks so much foe sharing 💜💜💜.. thanks for sharing the pics 📸 okkuurrrr.. excuse me sis imma need this refinance videooooo puhleaseee.. I dont owe anything on my cc right now or I should I pay them in full before they are due so I don't pay the interest .. can I get an Amen
LoL...I got you!
@@FunandBudget thanks I'll be watching 👀
Hello...I believe you are in IT and work for the Federal government? I am also in my forties and in IT. I work for government but not local. Do you have any videos on the subject/topic. Especially when talking about retiring early. I know that can most likely happen when you have a high or higher income. TIA
No I don't. Heres the thing there are a lot of high income earners with equal amounts of high debt to prove it. Its not about the income you make but the habits you build no matter the income. Now let me google federal government.
I been with my company since Dec 2011 didn't start contributing till 2016 or so i am part time the company contributed 1% until i made changes i had $700 😂😂 i do company match at 4% i also have outside brokage and Roth Ira account i need to contribute for 21 more years better than nothing im 45 now
Absolutely better than nothing!
She there any plan to leave anything to your son. Can you do a video on generational wealth
Believe it or not...I don't believe in "generational wealth." I think its another gimmick of straws America tries to brainwash us into reaching for and feeling bad about when we are not on the imaginary path of achieving it. To build generational wealth we would need Oprah or Steve Harvey type money. Most of us are struggling with retirement money nevermind anything else. So because we are not moguls with a half a dozen successful businesses and partnerships under our belts, the best we can do is make it so that our kids do not have to spend their financial resources taking care of us in our elderly years and if there's anything left over after that...great, that's what they'll get.
✌🏽💕😊
❤❤❤