Myths About FIRE: It Doesn't Work in a Recession
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- Опубликовано: 27 авг 2024
- Shatter the myths surrounding financial independence with our eye-opening mini-series!
Join Katie and Alan Donegan from The Rebel Finance School and Kristy Shen and Bryce Leung from Millennial Revolution in the sixth video in our myth-busting mini-series.
Does financial independence work in a recession? Contrary to popular misconceptions, our personal experiences navigating through recessions, including the 2015 oil crisis, the 2018 U.S. government shutdown, and the 2020 pandemic, demonstrate the resilience of financial independence. Discover why recessions can be opportune moments to fortify your journey towards financial freedom. #FinancialIndependence #RecessionMyths #InvestmentStrategies #EconomicDownturn 🚀💰
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👫 WHO ARE WE?
We are Katie and Alan Donegan, who achieved financial independence in 2019 at ages 35 and 40. Now, with the freedom to explore the world and engage in exciting ventures, we are passionate about helping others enhance their finances and create extraordinary lives. Learn more about us: rebeldonegans....
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⚠️ DISCLAIMER
🚫 We are not financial advisers.
📉 This is not financial advice.
🛑 We are not regulated.
🤓 We are not trained financial advisors.
🚫 We are never going to try and sell you anything.
🤔 You make your decisions.
💬 We are sharing our opinions and ideas.
🔄 These ideas may not continue to work for us or for you.
💯 You are 100% responsible for your financial future.
🚨 There are no guarantees here.
Full disclaimer: rebeldonegans....
Love your drama. It helps the next generation to conceptualize the ideas. Keep them coming
Fun
Thank you Ela! We had fun with these videos!
Very true and I agree, abd do as you say ❤ thxs
Thank you for the nice comment! ❤️
The COVID lockdown for around 1-2 years made me realise that I dont need the yearly vacations, outings, constant restaurant visits etc....or at least I can do without spending money for a couple of years on the above things and STILL enjoy living and learning new basic things....that furthur resulted in me depending less and less on outside consumer world for my destressing needs.
Learning to live on less while learning new and cheap things (RUclips and the net is a FANTASTIC source of amazing information to do so), will not only help you understand what is really important to you, but also save a good amount of money that you can invest back to increase your cushion.
Love this! Yes the covid lockdown reset our expectations and what we do for entertainment. Thank you for the lovely comment. Katie ❤️
Main Stream thank you for your amazing comment and we agree wholeheartedly! You are fabulous. We would love to know more about what you learnt in your period of lockdown! Tell us more! Alan
Preach! ❤❤❤
We love sharing the message
@@rebeldonegans and thank goodness you do! 🤩🥰😍
Once you are financially independent, should we still buy more assets on sale if we are already living from our investments?
Great question! It depends if you have more than enough to live on! If you happen to be still earning more money, or you have money coming in from other places than it is definitely worth buying more assets! We would say never have money sat in cash, always get it invested! Other than the emergency fund Katie adds!
Thanks a lot for your reply!@@rebeldonegans