I’ve been listening to your book all day on audible! So awesome! I’m very grateful for the influence the MoneyGuy Show and FOO have had on my life. SO EXCITED that I found it in my 20’s!!
I was working in the mortgage industry. Last year our company was bought, I was laid off the same week we had another kid and then we had to replace the whole roof. Emergency fund saved us since it took a couple months to get any unemployment
Hi Brian - I listened to your book in Audible from New Zealand when I received the notification in my email! Well done and looking forward to your weekly videos with Bo!
I really enjoyed the question from Cade M. People forget that the goal shouldn't always be more money, but more of the life you want (paid for with money).
I'm hoping to be close to that at that age, 1M by 40, currently 31. Investing over 3k/month at this point so it's not really achievable for most people unless they're super frugal or make a ton of money. Most of mine would be in a brokerage account though, no way I'd want the tax nightmare of 850k in a 401k account. That's going to be sooo much money once he actually hits retirement age, trying to be tax efficient is going to be borderline impossible even if he doesn't invest another dollar in the 401k. Mine would be closer to this: 401K: 210k Roth: 160k Brokerage 723k
@@Lolatyou332 i also noted that - way too much to have in a 401k --- and therefore he saved most into a 401k. i think non tax-event investments in a taxable account is the way to go, though even minimal dividends would be taxable, given the proably hi-inncome. however, the roth conversion is something to look at, although the % taxes is still high given high compensation but might be considered ------ especially with such a long runway and the ability to build up the roth w/o any cap gains consequences llike taxable. you have considered the proviso ? ---> a conversion prior to age 59½ will not trigger a 10% early withdrawal penalty on the taxable amount converted, a subsequent distribution from the Roth IRA within the 5-year period that begins on January 1 of the year of the conversion may trigger a "recapture" of that penalty.
I was unemployed for two years after my husband died. Looking back, I wish I had taken ANY JOB to stop the financial hemorrhaging (or at least slow the bleeding). I wasn't exactly in the best head space I guess you would say. Fast forward to today... last year was my highest earning year at the age of 58. I will be debt free in 2-3 months. After that, I should be able to invest roughly 50% of my income.
@@Mikey12383 lol...yes..I'm 58. I get that reaction a lot. I eat healthy and exercise/strength train. I'm a nurse and have always worked 40+ hours a week so no time for fun in the sun. I'm currently working 50+ hours. Much of the year, I go to work in the dark and go home in the dark. Consequently, I have very few wrinkles. I take supplements to make up for the lack of vitamin D from the sun. Dating is wild. Most single men my age are broke and unhealthy and think I'm 35. The men that approach me are the same age as my children (36 and 38). Sadly, most of them are broke too because of auto and credit card debt (and very likely child support). I took care of an injured/sick spouse for 17 years and I'm not interested in becoming a sugar momma so I will probably remain single.
6 months of living expenses Is not Enough. Susie Ormond always said save 8 months of living expenses she changed to 12 months of living expenses saved because of the covid-19 lockdowns and layoffs.
I appreciate the answer to the question about moving closer to family. There are things that money can't buy and sometimes some financial sacrifice is worth it for the time with loved ones. Also, living closer to family may mean savings in other areas, such as childcare if family wants to help, or not having to spend as much time off from work and less costs to travel when you do want to visit.
Congrats on the book! Can you guys do a show on what constitutes 3 to 6 months in an emergency fund? Is it 3-6 w/o skipping a beat on anything BAU? Is it 3-6 going into spartan mode? Is it 3-6 if one or both lose a job at the same time? The way I do it is 3 months BAU not including if I lost my job and receive severance and unemployment. This way it really is moving up to 6 months. Thoughts?
So i have 4 and a half months of emergency funds, i want a full years worth, a 6 figure emergency fund, i put away 20% of my income esch year into my investments, and i put away almost 20% into ky emergency fund saving, should i start anotger emergency fund or just a fun savings adter my emergency fund is done with?i will have my emergency fund full done in about a year and half And i only have a mortgage as my debt
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Don't worry everyone, Bo is excited!
One of those rare episodes where he is excited!
I think Brian is more excited than Bo on this episode!!! 😂
Congrats on the book launch, Brian! Got my ebook yesterday. Can’t wait to read it
I’ve been listening to your book all day on audible! So awesome! I’m very grateful for the influence the MoneyGuy Show and FOO have had on my life. SO EXCITED that I found it in my 20’s!!
I was working in the mortgage industry. Last year our company was bought, I was laid off the same week we had another kid and then we had to replace the whole roof. Emergency fund saved us since it took a couple months to get any unemployment
Why am I also wanting to check the reviews as badly as Brian- we’re rooting for you!!
Hi Brian - I listened to your book in Audible from New Zealand when I received the notification in my email! Well done and looking forward to your weekly videos with Bo!
Congrats on the book release! Paying off my debt right now, so I’m not buying any extras, but it’s on the list for when the debt is gone!
Check out if your local library has any copies!
@@popcorn1304no idea why i never thought about this before since i have a library card but i just placed a hold. thanks for the free tip!!
I really enjoyed the question from Cade M. People forget that the goal shouldn't always be more money, but more of the life you want (paid for with money).
Sooo excited - delivery came as I’m watching this!!!!!!!
Using the audible free trial to read the book, reading it the way a mutant would.
900k invested at 38.... What a machine.
I'm hoping to be close to that at that age, 1M by 40, currently 31. Investing over 3k/month at this point so it's not really achievable for most people unless they're super frugal or make a ton of money.
Most of mine would be in a brokerage account though, no way I'd want the tax nightmare of 850k in a 401k account. That's going to be sooo much money once he actually hits retirement age, trying to be tax efficient is going to be borderline impossible even if he doesn't invest another dollar in the 401k.
Mine would be closer to this:
401K: 210k
Roth: 160k
Brokerage 723k
@@Lolatyou332 I have 200k in my brokerage at 36 and thought I was in a good spot this guy is crushing it.
What about a Roth 401k?
@@Lolatyou332 i also noted that - way too much to have in a 401k --- and therefore he saved most into a 401k. i think non tax-event investments in a taxable account is the way to go, though even minimal dividends would be taxable, given the proably hi-inncome.
however, the roth conversion is something to look at, although the % taxes is still high given high compensation but might be considered ------ especially with such a long runway and the ability to build up the roth w/o any cap gains consequences llike taxable.
you have considered the proviso ? ---> a conversion prior to age 59½ will not trigger a 10% early withdrawal penalty on the taxable amount converted, a subsequent distribution from the Roth IRA within the 5-year period that begins on January 1 of the year of the conversion may trigger a "recapture" of that penalty.
@@Lolatyou332I think you're overestimating the tax burden and not taking advantage of tax deferral.
My copy of the book came in the mail today! So excited to read it!
This was a great episode! Seeing Brian happy and giddy about the book was great to see! I’m happy to see this UA-cam channel take off the way it has!
Amazon just delivered my pre-ordered hard copy of Millionaire Mission." I'm looking forward to the read! 🎉
I was unemployed for two years after my husband died. Looking back, I wish I had taken ANY JOB to stop the financial hemorrhaging (or at least slow the bleeding). I wasn't exactly in the best head space I guess you would say. Fast forward to today... last year was my highest earning year at the age of 58. I will be debt free in 2-3 months. After that, I should be able to invest roughly 50% of my income.
@@Mikey12383 lol...yes..I'm 58. I get that reaction a lot. I eat healthy and exercise/strength train. I'm a nurse and have always worked 40+ hours a week so no time for fun in the sun. I'm currently working 50+ hours. Much of the year, I go to work in the dark and go home in the dark. Consequently, I have very few wrinkles. I take supplements to make up for the lack of vitamin D from the sun. Dating is wild. Most single men my age are broke and unhealthy and think I'm 35. The men that approach me are the same age as my children (36 and 38). Sadly, most of them are broke too because of auto and credit card debt (and very likely child support). I took care of an injured/sick spouse for 17 years and I'm not interested in becoming a sugar momma so I will probably remain single.
Congratulations on the book!! I’m absolutely GUTTED y’all are going to Dallas instead of Houston tho 😢
Congratulations on the book Brian!!
Got ma book. I can’t wait to read and get more of Brian stories. Make me crack up at work and get some great financial advice.😂🎉
Your book was delivered today 🎉
As an ICU nurse of 27 years, I can honestly say that I never saw an ekg that looked like that!! 😂
Got my book yesterday from Amazon! Excited to read it!
DRESS CODE: Bowling (point) Shirt
Got my new book today. Stopped on page 88!!!!
Huge congrats on the book release! Please bring your tour to the West Coast!
Watched this and just HAD TO buy the book!
Congratulations on the book! I will definitely pick up a copy.
Congratulations on the book release, Brian! I will be getting it on June 9 when I get my next Audible credit 🙌
You DEFINITELY need to sell "I'm SO EXCITED" shirts as your book tour merch!! I can just imagine all the fans and supporters wearing those 😜
Got my book last night. Diving in today!
You guys are really great! I will def get the book, Brian!
I preordered my book and got it today. I’m so excited but I didn’t see the insert signature card? 😅
Still have not watched an unexcited Bo.
Congratulations 👏🎉
Missed this episode, just never going to run out of an emergency fund so don't feel like it was something I needed to listen to live lol
Got my book yesterday! Already chapters in, great job everyone :)
1st. Apply for unemployment is key for a layoff to keep some income coming in
6 months of living expenses Is not Enough. Susie Ormond always said save 8 months of living expenses she changed to 12 months of living expenses saved because of the covid-19 lockdowns and layoffs.
I've never put together that 3D is 3-Ds. I thought it was "looking from all angles"
Dream
Down to Earth
Doodoo
I appreciate the answer to the question about moving closer to family. There are things that money can't buy and sometimes some financial sacrifice is worth it for the time with loved ones. Also, living closer to family may mean savings in other areas, such as childcare if family wants to help, or not having to spend as much time off from work and less costs to travel when you do want to visit.
I'm going to buy the ebook right now!
Congratulations on the launch!
Brian, you should come to Hawaii for your book tour so I can see you! 😢
Can’t wait for the event in Franklin! I did forget to rent my tux 🤵🏽 😂
I bought the audio book. Congratulations Brian
"Can this guy quit talking about this book" bahahaha. Got my copy. Appreciate all the work you guys do!
Starts 0:23
Congrats on the book!
Can you guys do a show on what constitutes 3 to 6 months in an emergency fund?
Is it 3-6 w/o skipping a beat on anything BAU? Is it 3-6 going into spartan mode? Is it 3-6 if one or both lose a job at the same time?
The way I do it is 3 months BAU not including if I lost my job and receive severance and unemployment. This way it really is moving up to 6 months. Thoughts?
got my bookplate yesterday!
Facts life changes with no notice!
I got my book yesterday from amazon after waiting about 6 months!!! I was sad to see it not signed. :/
A part of their process was confirming the preorder with them (no matter where you ordered from) and that put you on the list for a signed bookplate
So i have 4 and a half months of emergency funds, i want a full years worth, a 6 figure emergency fund, i put away 20% of my income esch year into my investments, and i put away almost 20% into ky emergency fund saving, should i start anotger emergency fund or just a fun savings adter my emergency fund is done with?i will have my emergency fund full done in about a year and half
And i only have a mortgage as my debt
Has there ever been an episode where Bo wasn’t excited?
Congratulations
Replenish it.
See you on Thursday night!
Oh boy... Beau is "excited.." When is he ever not excited at the beginning of these things?
Lost audio
Please make a new channel for your shorts and highlights! You are overcrowding your own channel and my feed! Unsubscribe coming unfortunately.