Jamila Saved $85k In A Year - Here's How She Did It!
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- Опубліковано 26 чер 2024
- On today's episode, my guest Jamila, takes us through how she was able to save $85k in a single year, her plans to retire early, how have finances have not always been perfect and what you need to be doing to accomplish the money goals you have set for yourself.
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Very inspirational! I was so unwise at your age financially. Great motivation.
Regarding the children, remember they will NEVER be as young as they are today. What does it profit a man to gain the whole world and lose his soul... your children are apart of your soul... please don't forsake fun times with them for the hustle of achieving a financial goal. The great thing is, children are not like grown ups, they value spending time with you MORE than they value stuff you buy them... you sound very wise so I'm certain you're already aware and engaged in loving and enjoying your life with hubby and children.
I'm sure you're aware of life insurance and whole life products that earn cash values...
Can't wait to hear your overview in 5 years.
Love this!!!! I have 40k in student loans to pay off first but after that I am going into save and invest OVERDRIVE!!!!! I’m giving myself 3 years to pay my loans off. I am so determined!!! Thank you for sharing this!
Me too.
You can definitely do this in 3 yrs. for sure. I paid 100k of ed. debt in 3 yrs. thought my company subsidized housing. Good luck!
Thanks for listening everyone! If you have any further questions about my story and journey, let me know :)
journeytolaunch you're gorgeous. Do you have IG?
I'm a teacher and I max out my TDA . Can you tell me a little bit more about the 457 B. I did not know I could max that out too. How do I sign up. I think you rock! Did you also contribute to a Roth?
I appreciate the honesty and forgiving yourself and encouraging us that we can do it.
Yes - forgiveness is so important!
Such an amazing interview and story!!Loved it from beginning to end 😊
Great info! Definitely applying this to my goals!
Commendable suggestions! Love ❤️ how you budget for luxuries and still meet your goals.
So inspirational. I love your channel
Such a great interview!
I needed this
I really ❤️ this thank you
More realistic info..thank you
Jamaica Yeah !!!!!!
She mentioned 18k max out on pre-tax retirement accounts. Can she explain that further? I thought that Pre-tax Retirement accounts max out around 5k. I think I missed something.
The more you save & invest it earlier, the better off you are.
Saving just 10-15% is for suckers & if you want to be a corporate slave for your whole life!
15+ yr. Home mortgage is also ridiculous, when you can actually pay off an affordable home in 5-7 yrs!
Putting so much into a retirement account is kind of risky though, with a market correction due soon, I couldn't imagine losing 36% of my retirement account in a unexpected crash.
I don't plan on accessing the money in my retirement accounts anytime soon, so even if there were a crash, I would be able to ride it out until the market rebounds... and the market always rebounds. Also, your comment is not completely off base but its not the act of putting money into retirement accounts that's risky, it's what kind of investments you can have in these retirement accounts that determines the level of risk. If I were investing in all bonds and low risk funds then an equity market crash wouldn't cause big swings in my portfolio. Right now, most of my holdings are in equity but I can take that risk because I don't plan on tapping into this money for another 20 years. Once I near retirment or if I decided I wanted to tap into the money earlier, I would adjust my holdings and be more conservative.
defense, Jarron Jackson. (dividends, consumer staples, utilities, healthcare)
Real quick... does Jamila have children? Just curious 🤔
You can learn to do your own nails and hair
But she doesn't want her hair done or nails done, so why would she do that?