Our Financial Update - June 2024 - Investment Gains!
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- Опубліковано 26 лип 2024
- Our Retire Early Financial Update - June 2024: Watch our monthly review on our financial independence progress to retirement. How did we do in June? We once again beat the market! Watch to find out the details. We talk about our savings rate, our budget targets, our top non-discretionary spends, our top discretionary spends, our investments and more!
Contents of this Video
00:00 Intro
00:26 Savings Rate
01:07 Spending
06:17 Investments
08:44 Progress Meters
11:04 The Good, The Bad, The Ugs
12:41 Next Months Outlook
13:46 Wrap Up
ABOUT US
We are Cherie & Jim, we have 2 grown children and 1 close. We are progressing towards retiring early. We have rapidly accelerated our retirement target ages building a model and living it. We lived paycheck to paycheck, until we took our future in our own hands! We believe in investing in yourself first, make yourself the priority! We also believe in owning your own existence, it's all your decisions. We have made many micro behavioral changes that have resulted in macro results.
We are sharing our journey as it could help others. We are transparent around our progress (shared monthly) and letting you in on our rituals. We cover The Good, The Bad and the "Ugs". We simply want every day to be Saturday.
DISCLAIMER TIME
We are not licensed financial advisors. Our videos are indented to distill information we have lived through. Any investment or financial information we provide is in the context of our journey, before making any investment decisions its always best to check with your financial advisor first.
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I love your “The Good, The Bad and The Ugs” way of categorizing what is going well and what might need a little work 🙌
Appreciate you watching and for the feedback! There is always room for improvement. We overspend in some areas which we know... and trying to do better. That's why we like channels like yours that we can learn from!
You guys are amazing at this.
I have never tracked my finances at this level. Not even close. Great job
@@FailureatRetirement Appreciate you watching and the feedback Failure! We are continually trying to get better at this.
What a great video. I especially like the progress meters as I know these have to be motivating along your journey. Thanks for sharing so much detail. Nice work
@@davidnprogress Thank you David for watching and your feedback. We noticed the more detail we get down too, the better results we are seeing. We are almost treating this journey like a company to achieve growth. Winging it was a bad move!
Staying on track! $1,200/month for property taxes is tough at 70 . Geez.
@@BuzzRetirementGarage We both don’t understand how they can do it being retired. We are getting out before we get to that point. Thanks for watching!
@@OurRetireEarlyJourney I did my financial and it's uploading now. I gave you two a shout-out as I think you do an excellent job with your videos!
@@BuzzRetirementGarage That is mighty kind of you Buzz! We always look forward to every video you drop. We have another Financial one scheduled to drop on Saturday where we geek out on our Mid-Year review and reveal our actual investment growth number. Feels a little weird putting actual numbers out in public for people to see.
You break things down better than I did...Going to have to start calling you guys...
'flow charts and graphs'! 😁 Good job.
@@myretiredlife13 😂 Love it! We like pictures I suppose. Hopefully they resonate. 😊 Appreciate you watching and the feedback!
I am 🤟 the monthly updates to your retirement journey. very detailed, I was very detailed like this prior to my retirement as well, and I think I am still am to a different degree now that I pulled the trigger 41 days ago. I am doing a lot of diy home improvements and loving care too in our home to get it ready to sell once my wife retires, it can take a lot catching up on things that have been held off for a long time, and $$$ for sure. From what I see you are doing everything right to prep. I think you should look in to leverage etf like TQQQ, UPRO, NVDL, MSFX etc. and maybe some income like FEPI, AIPI etc. these might help get the journey rolling faster. I am so excited to see you reach your goals, thank you for sharing.❤❤❤
Thanks Tiger for watching, your feedback and the suggested ETFs. We will take a look at them! Currently almost 50% of all of our investments are in $VGT & $QQQ which are both up big year to date. $VGT is almost 29% and $QQQ is up 25%. Will check out those others though as later in the year we will re-evaluate our asset allocation for 2025.
Texas is so expensive for property taxes as well. We have to save $1200. A month.
@@lindafuentes646 Wow! We didn’t realize Texas was as bad as NH. It’s far too much money to pay a town or county to reside there. We are looking forward to our relocation to shed some of these excessive expenses. Thanks for sharing and watching!
Just curious but are your 59.5 and bridge meters 2 separate accounts and totally different than your main retirement account? If so what are your plans for the main account? I'm set up similar but it's all one account(401k).Y'all had a good month. Keep it up and you'll have a great retirement. Steve
@@retirementcorner Thanks for watching Steve! We should make a video of our pre-retirement buckets to explain it more. Our 59.5 consists of our 401ks, IRAs & HSA accounts. It’s all money we are not planning on touching until 59.5 years of age at minimum. Our Bridge consists of brokerage accounts, high yield savings accounts, money market accounts, our checking account and cash on hand.