She said they had saved up a bunch of cash to buy a house but they ended up going to Germany so that is when she took that money and invested 10k a week. She does not say for how many weeks or how much total. 🤷♀️ Also not stated is how they were affording Germany but read in other comments her husband was military so assuming they were on base.
@@angelaterranova1577 yup, we had saved about $100k in cash to buy a home and then when we decided to move to Germany we pushed it into the stock market, a little bit each week or so.
At the beginning you said how nobody should have any excuses yet it wasn't explained how she went from $8/ hour to buying 3 houses?? Something missing here
I’ve listened to many interviews with Jillian bc I related to the low income. Out of all of them, I’ve only heard her go into detail once. She really obscures the details in her interviews and even more so in her podcast. Essentially, her husband was in the military and they used housing/overseas tours benefits combined with living with a roommate for years. He was medically discharged with a decent monthly disability. They invested over the recession. I think she mentioned after 10 years they ended with $250k invested. So they had a disability check and a relatively small amount of investments. Then they bought an inexpensive house in cash ($50k if I remember correctly). Lived in it until turning it into a rental and then starting that process over. I don’t feel her way to fire is very repeatable for the majority of people.
@@crys2982 No disrespect to her but military disability is pretty good and some of them make more monthly than I do from my career in which I got a degree.
I’m confused on how she leaped from making $8 an hour to where she is now .. how did she get $ to buy those fixers?? Not a very revealing interview nor inspiring
Good luck finding an explanation. Her interviews (I used to seek out people that claimed achieving FIRE on low incomes) notoriously skip over how she reached FIRE on a low income. I responded to another commenter on the same thing and if you find the 1 or 2 rare interviews where she goes in depth, it’s not repeatable for most people. She spends a lot of time promoting FIRE on a low income but then loves to talk about mindset and concepts in the actual interviews. I’ve found the FIRE proponents that aren’t trying to sell their podcast, book, course, affiliate income are way more transparent about how they reached FIRE. How much they made, when they made it, how much was invested year by year, and what they sacrificed to reach FIRE is clear. Jillian and Paula Pant really push low income FIRE but give really vague interviews on how they did it. You have to go through pretty much all of their interviews and I’ve only found a couple where the interviewer pressed for details.
From what I got, they made a lot of their money from buying during the drop of 2008. That afforded them 3 rental properties and I'm sure they still had money left over continuing to grow in the market. Growing stocks plus income from 3 good properties and knowing how to be frugal can retire you for sure.
I love your energy, Mindy. I am concerned, though, about the transparency of your guest's financial status. Though she achieved FIRE after clearing $50K in debt, details about her current financial situation seem unclear. Given that she isn’t a certified professional and uses her family's personal success stories to establish credibility for her coaching business, more financial disclosure is crucial. Without specific financial metrics, claims of FIRE can appear too subjective and the advice may lack substantiation. Could you perhaps delve deeper into her current financial achievements in future discussions with actual numbers about where she stands today? The online space is crowded with individuals claiming financial expertise and selling coaching services, and it's important to differentiate genuine success from mere claims and average achievements.
I agree, this is especially important when there are so many discussions which have a subtle agenda to say that the achievements were done through exceptional hard work, discipline, or cleverness by people who would be considered disadvantaged. Usually the people minimizing the amount of social capital and background stability required do not dig into these purported examples. When you dig, you often find lots of freebies such as, free childcare, family paid for house down payment, family paid for tuition of purchased 1st care, or family allowed them to stay on their property, family or church connections for employment ect…. Having these various wealth transfers is a wonderful blessing but please be transparent about them so that it doesn’t become a form of gas lighting.
The positive vibe emanating from Jillian is off the charts. Pragmatic, logical, puts her money where her mouth is with a smile. Husband and kids are lucky to have her.
Inspiring discussion. In the future, please explicitly ask guests if they received any lump sum gifts (in vivo wealth transfer) as a part of their FI journey. It’s important to state whether folks receive help from family ect…
🤘anyone can FIRE... but i agree with other commenters , there seems to be a ton of useful info missing about how they got there ... many of us wanna hear more numbers and timelines to make sense of it
Asking one billionaire: - “Please tell me, how did you earn your money? "He says: - “Well?” Very simple. I bought an apple for a dollar, washed it, and sold it for two dollars. Then I bought two apples, washed them, and sold them for four. And then my aunt died and left me a million." In her case, I can bet that her family support and her husband is a key for their FI. Might be some disability fat check and military pension and bunch of subsidized terms and conditions.
Yea, some of this feels a bit dishonest. *She* was making $8 per hour. Never mentioned her husband's and total household income, nor whether there was wealth transfer via inheritance. Or if they received help from family to stay afloat initiallym Anyway, another couple too. Single FIRE episodes would be great.
"They were making less than $100,000"...... which could be 99,000..... including her $8/ hour. I don't think I need to listen any further. Also, nothing special about driving a Honda civic on a road trip, especially if it's not 20 years old.
I think that their "advantages" were related to her husband. Most probably their basic needs were covered by different terms of her husband's job agreement. These stories are alway so bitter-sweet. Let me guess, she's husband served in military...
Would love to see you give stories and thoughts on financial health and even FIRE when dealing with medical expenses and/or disability - both from the side of it impacting ability to work (limiting hours or types of jobs) and from the side of the bills - even without a catastrophic diagnosis having regular prescriptions can get costly.
Thankfully I looked at the comments first and saw that watching this would be a waste of time as nothing gets explained. Not going to get my views, and you're not going to get my subscription at this point. Hope you do better in the future.
This was an EPIC EPIC FAIL AS AN INTERVIEW!! We learned extremely little info
Did I hear she was investing 10k a week at one point??? No way she could do that making less than 100k a year.
I don't make 100k a year and during covid I was investing 7k a week during the month everything went downhill. It's all about the savings you have.
She said they had saved up a bunch of cash to buy a house but they ended up going to Germany so that is when she took that money and invested 10k a week. She does not say for how many weeks or how much total. 🤷♀️
Also not stated is how they were affording Germany but read in other comments her husband was military so assuming they were on base.
@@angelaterranova1577 yup, we had saved about $100k in cash to buy a home and then when we decided to move to Germany we pushed it into the stock market, a little bit each week or so.
This lady isn’t saying much, WHAT DID YOU INVESTED IN, what stocks etc?
@lanniehernandez5078 you want her to tell you a specific stock? I think you might want to try CNBC for things like that
At the beginning you said how nobody should have any excuses yet it wasn't explained how she went from $8/ hour to buying 3 houses?? Something missing here
I’ve listened to many interviews with Jillian bc I related to the low income. Out of all of them, I’ve only heard her go into detail once. She really obscures the details in her interviews and even more so in her podcast. Essentially, her husband was in the military and they used housing/overseas tours benefits combined with living with a roommate for years. He was medically discharged with a decent monthly disability. They invested over the recession. I think she mentioned after 10 years they ended with $250k invested. So they had a disability check and a relatively small amount of investments. Then they bought an inexpensive house in cash ($50k if I remember correctly). Lived in it until turning it into a rental and then starting that process over. I don’t feel her way to fire is very repeatable for the majority of people.
Yup....SOMETHING IS ROTTEN IN DENMARK
@@crys2982 No disrespect to her but military disability is pretty good and some of them make more monthly than I do from my career in which I got a degree.
@@bobknob8440 exactly. There’s nothing wrong with receiving that money but I don’t think it’s a type of story to use to say anyone can repeat it.
Right, and if you're living on that and you can still do SOMETHING, you can make some money on top of that. @@crys2982
I’m confused on how she leaped from making $8 an hour to where she is now .. how did she get $ to buy those fixers?? Not a very revealing interview nor inspiring
Never mentions her husband's income and finances either. It was a bit disingenuous.
Good luck finding an explanation. Her interviews (I used to seek out people that claimed achieving FIRE on low incomes) notoriously skip over how she reached FIRE on a low income. I responded to another commenter on the same thing and if you find the 1 or 2 rare interviews where she goes in depth, it’s not repeatable for most people. She spends a lot of time promoting FIRE on a low income but then loves to talk about mindset and concepts in the actual interviews.
I’ve found the FIRE proponents that aren’t trying to sell their podcast, book, course, affiliate income are way more transparent about how they reached FIRE. How much they made, when they made it, how much was invested year by year, and what they sacrificed to reach FIRE is clear. Jillian and Paula Pant really push low income FIRE but give really vague interviews on how they did it. You have to go through pretty much all of their interviews and I’ve only found a couple where the interviewer pressed for details.
agree, not useful
@@crys2982, many of these Bp money podcast .. interviews are like this vague
From what I got, they made a lot of their money from buying during the drop of 2008. That afforded them 3 rental properties and I'm sure they still had money left over continuing to grow in the market. Growing stocks plus income from 3 good properties and knowing how to be frugal can retire you for sure.
I love your energy, Mindy. I am concerned, though, about the transparency of your guest's financial status. Though she achieved FIRE after clearing $50K in debt, details about her current financial situation seem unclear. Given that she isn’t a certified professional and uses her family's personal success stories to establish credibility for her coaching business, more financial disclosure is crucial. Without specific financial metrics, claims of FIRE can appear too subjective and the advice may lack substantiation. Could you perhaps delve deeper into her current financial achievements in future discussions with actual numbers about where she stands today? The online space is crowded with individuals claiming financial expertise and selling coaching services, and it's important to differentiate genuine success from mere claims and average achievements.
I agree, this is especially important when there are so many discussions which have a subtle agenda to say that the achievements were done through exceptional hard work, discipline, or cleverness by people who would be considered disadvantaged. Usually the people minimizing the amount of social capital and background stability required do not dig into these purported examples. When you dig, you often find lots of freebies such as, free childcare, family paid for house down payment, family paid for tuition of purchased 1st care, or family allowed them to stay on their property, family or church connections for employment ect…. Having these various wealth transfers is a wonderful blessing but please be transparent about them so that it doesn’t become a form of gas lighting.
Yeah BP interviews any Tom dick or Harry
Where are the real details of her story? Just a bunch of talk
Do better
The positive vibe emanating from Jillian is off the charts. Pragmatic, logical, puts her money where her mouth is with a smile. Husband and kids are lucky to have her.
Thanks!
Inspiring discussion. In the future, please explicitly ask guests if they received any lump sum gifts (in vivo wealth transfer) as a part of their FI journey. It’s important to state whether folks receive help from family ect…
🤘anyone can FIRE... but i agree with other commenters , there seems to be a ton of useful info missing about how they got there ... many of us wanna hear more numbers and timelines to make sense of it
Well, you'll have to buy her books to pay her some more money, so she will tell how she got to her FI number.😂
Asking one billionaire:
- “Please tell me, how did you earn your money?
"He says:
- “Well?” Very simple. I bought an apple for a dollar, washed it, and sold it for two dollars. Then I bought two apples, washed them, and sold them for four. And then my aunt died and left me a million."
In her case, I can bet that her family support and her husband is a key for their FI. Might be some disability fat check and military pension and bunch of subsidized terms and conditions.
😂
Yea, some of this feels a bit dishonest. *She* was making $8 per hour. Never mentioned her husband's and total household income, nor whether there was wealth transfer via inheritance. Or if they received help from family to stay afloat initiallym
Anyway, another couple too. Single FIRE episodes would be great.
Smells fishy AF to be honest
"They were making less than $100,000"...... which could be 99,000..... including her $8/ hour.
I don't think I need to listen any further.
Also, nothing special about driving a Honda civic on a road trip, especially if it's not 20 years old.
I think that their "advantages" were related to her husband. Most probably their basic needs were covered by different terms of her husband's job agreement. These stories are alway so bitter-sweet. Let me guess, she's husband served in military...
Right..... was his housing covered??? That's huge.
Would love to see you give stories and thoughts on financial health and even FIRE when dealing with medical expenses and/or disability - both from the side of it impacting ability to work (limiting hours or types of jobs) and from the side of the bills - even without a catastrophic diagnosis having regular prescriptions can get costly.
Okay this doesnt work as well now they did in housing crash...
This was bogus
Bogus interview! Don’t waste your time.
Thankfully I looked at the comments first and saw that watching this would be a waste of time as nothing gets explained. Not going to get my views, and you're not going to get my subscription at this point. Hope you do better in the future.