How I Retired Early At 41 With $850K In Tennessee
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- Опубликовано: 9 фев 2025
- When Lakisha Simmons retired in May 2021, it wasn't just the end of her professorial career, it was also the first time she had stopped working since she was 14. The 41-year-old mother of two says she always considered having a job to be a matter of financial security. Watching family members work with their hands doing "cleaning jobs, janitorial jobs, nanny jobs" instilled in her a strong work ethic, she says. Simmons is a member of the FIRE - or “Financially Independent, Retire Early” - movement living in Nashville, Tennessee.
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How I Retired Early At 41 With $850K In Tennessee
One of my biggest financial worries is whether retiring with $1 million is still enough these days. I thought it was a solid goal, but with inflation and rising healthcare costs, I’m starting to doubt it.
I thought $1 million was the golden number for retirement, but then I learned that it really depends on your lifestyle. If you plan to travel extensively or live in a high-cost area, it might not stretch as far as you’d hope.
Yeah, and another thing people don’t realize is that $1 million might not generate the income you expect. With a 4% withdrawal rate, that’s only $40,000 a year before taxes. I’m not sure that’s enough to cover my expenses, especially if I live longer than expected.
That’s why I’ve started working with a financial planner. Now, as someone planning to retire in 10 years, I’m realizing that $1 million might not cut it unless I make some adjustments. I’m thrilled to be on track to hit $3.5 million, thanks to some strategic investments and cutting back on unnecessary expenses.
My financial advisor, Peter Dewitt Martin, has been helping me crunch the numbers. he’s a certified retirement planning specialist, and I recommend looking him up online. His insights have been invaluable in figuring out what I’ll really need.
Oh, that’s a great recommendation. I just checked out his name on google, his website was actually the top result which made it easier to locate him, i sent him a mail and he seems really knowledgeable. I’ve been trying to figure this out on my own, but it’s way over my head.
She was my business professor in college! Incredibly kind & thoughtful woman :)
I hope you took good notes 😀
That is a great endorsement 🙂
David Marvin Willis is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@DanielAdolf oy product shill go away
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
At 32, I'm diving into investing for the first time. I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions. My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner.
With a multitude of decisions to navigate, newcomers may find it advantageous to rely on a seasoned advisor for their day-to-day investment choices.
I fully concur with this perspective. As a professional in my mid-40s approaching retirement, I have accumulated over $2 million in non-retirement assets and maintain a debt-free status. My retirement accounts represent a relatively small portion of my overall portfolio over the past three years. It is essential to recognize the significant benefits of engaging a qualified financial advisor; however, it is crucial to conduct thorough research to identify a reliable fiduciary.
What steps can I take to become actively involved in this initiative? I am committed to securing a stable financial future and would appreciate the opportunity to participate. Additionally, could you share who has played a key role in your financial success?
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for the recommendation. I was curious, so I looked up Rebecca Lynne Buie online. Her consulting page came up at the top, and I’ve scheduled a call. I've heard about advisors before, but none have looked as impressive as she does.
This woman is the definition of class, beauty and success, absolutely amazing personality God bless.
Amen
David Marvin Willis is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
There’s something about seeing Black women living well & being successful that warms my heart ❤️🙌🏽✨
Same
I have the same with White women.
Same, especially those who are around my age. Or created their business from the ground. Well deserved.
@@SAOTOSOEP9 ...you racists jump to let us know...
You're racists.
And before you attempt to redefine racist: Black people aren't & do not have the economic power in the U.S. to be racists.
Anywho...love seeing Black Women winning over the HUNDREDS of years that white women have had a headstart to do so.
You mean because it's so rare since they are oppressed...?
I wish they would have mentioned whether her husband is retired or not or if he is still bringing in an income, that makes a difference especially in terms of medical insurance/expenses for a whole family.
Absolutely, you’re just using common sense.
I wonder if he was the breadwinner 🍞 in the household? If so, I think she’s in good standing.
Ditto!
I feel like that's not her husband or she would've mentioned him. Maybe fiancé.
Agreed 👏🏽
One of her strengths was not trying to keep up with the Joneses. No mansion style home or super sports car that she could barely finance with high fashion clothing brands. Just nice things and using wisdom. Good job Dr. Simmons/ Mrs. Simmons/ Lakisha Simmons!
Dr. Simmons*
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining rapidly
Her name is ‘Melissa Jean Talingdan’ Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Great! I retired at 47 in 2014….it’s great to have so much mental freedom and lower anxieties!
She said she is able to stop working full-time, not stop working all together. She still has other streams of income in addition to her nest egg.
She also has a husband who help pay bills as well.
I feel like everyone else isn’t paying attention to the words she said, but you did!
@@jay-t1030 I don’t think that guy is her husband. She used a lot of “I” during the video and hardly any “we”.
Exactly
the details make a story
I'm preparing to retire at 68 and seeking advice on managing my 401k distributions. I'm concerned about whether my savings will suffice for retirement, given that my current contributions are lower. Should I consider taking a lump sum payment and paying the upfront 20% tax, or would it be wiser to opt for periodic distributions and spread out the tax payments over several years? I'm looking for guidance on the most tax-efficient and beneficial option for my long-term financial situation.
choosing between a lump sum payment and periodic distributions from your 401k involves careful consideration of your tax situation, financial needs, and personal circumstances. Balancing these factors with the guidance of a financial professional can help ensure a secure and comfortable retirement.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Google "Sharon Marissa Wolfe" and do your own research. She has portfolio management down to a science
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Total stock market index funds and S&P 500 index funds-you can't go wrong with either. Just set it and forget. She's doing it right.
Question for the S&P 500 index funds. Do you continuously buy that stock or more? How much of it do you think a person need to invest in it? $500 a month till when?
@@TheRealMoanmyname look up dollar cost averaging to know how often to buy shares of SP500.
$500 a month is a great start! Every time you get a raise, increase the amount. As soon as you reach your number (here, the woman’s number was 850k), you can walk away.
To know your number (amount needed to retire), one way is 25 times your annual living expenses (as she states in her video). It’s up to you to adjust how you see fit. Good luck! 🍀
@@FreeToBe_Me thank you
VTI or VTSAX!
Thank you for understanding! It may sound easy or even risky, BUT you take a chance!
-TheachieveHer Support Team
As a 26 year old Black American woman, Mrs. Lakisha Simmons is a role model to me, an inspiration, a motivator. Thank you!
Her story is so inspiring, she flipped the script n she is now living her best life. 👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
@@PhilipDunk Please pardon me, who guides you on the process of it all?
I've shuffled through a few advisors in the past, but settled with “Vivian Carol Gioia” her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.
@@PhilipDunk I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I like her authenticity. In point about living a simple life. Thanks for sharing your story.
I remember her as a guest on the Anthony O'neal show. She also is the author of the book "The Unlikely AchiveHER". She is quite accomplished! Hats off to her! It's great to see people excel and allowed the opportunity to share their stories on various platforms.
She is so radiant! Love this episode. I’m glad she has financial freedom so she has more flexibility to share her knowledge and gifts with the world. Inspiring for sure.
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@maryHenokNftImpressive can you share more info?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I'm uncertain if my 401(k) and IRA will secure a stable future. I'm looking for an investment strategy that aligns with my risk tolerance and financial goals. I've set aside $1 million for this purpose. Would you recommend investing in stocks or purchasing rental property?
Stocks returns on average 10%. Property returns on average 10.5%. if you close to retirement id suggest stocks as it's easier to liquidate and less upkeep
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Credits goes to “Rebecca Nassar Dunne” one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Rebecca Nassar Dunne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
🥰 She is such a breath of fresh air!! Remaining grounded is so important & I love that she focuses on experiences for her children and her family. Also 41🤭 you look AT LEAST 10 years younger!!!😧
Thank you for understanding and THANK YOU for the compliment!! The things I could do if I was 10 years younger :)
😂😂😂
David Marvin Willis is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Aw that is so sweet when she said her kids didn't even want much for Christmas, maybe a few gifts, but mostly they just wanted time. Money isn't the only way to take care of your family!!
She did it her way people! Please dont get caught up in thinking how YOU went wrong!!!! She basically created a NEW job for herself! she's working for HERSELF! each and everyone of us can find was to make money "on the side" and grow a business from it! EVERYONES journey is NOT the same! take your time and be at peace
I’m glad this episode popped up on my home page. She had a great energy and I actually want to watch more of these videos because of her! Thanks!
You did it right girl. You understood that life is about experiences and not material things. Congrats on all of your success!
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@@devereauxjnr A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@Veteran2002 my 401k has particularly lost everything gained since 2019, who is your coach if this is not too much i'm asking?Been doin sum research lately.
@@OttoLane-j9z My advisor is NICOLE DESIREE SIMON , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@Veteran2002 she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Her energy is wonderful and her pragmatism. I enjoyed this episode and congratulations!
Thank you!
I like this lady. Her situation is similar to mine. I was a professor and retired at 38 (Oct. 1, 2020) with 2.3 million in assets (now 2.9) and $1K per month in passive income and a 5 year emergency fund in my checking. Husband makes $60-$90K depending on how his business is doing and the 15 rental properties we own bring in $200K per year (but we reinvest it all by buying more houses, renovating, replacing roofs, AC units, paying down mortgages ec. We only have 4 mortgages left). We live in a low cost of living area. And I noticed she didn't sketch out her husband's finances. She might have separate finances from him like I do. His income and wealth might even be adding to what she has available to live off (or not). Good for her! FIREing is lot harder to do when you have kids, mortgage, and student loans (she has a PhD so she likely had some loans to pay off). After I FIRED, I immediately got a retirement visa and spent a year in Spain where I took Spanish classes, joined a Don Quijote book club, traveled Europe, started a vlog, did the Camino de Santiago, but mostly just read books and drank red wine. I returned to the US and struggled a little to create a routine but managed. I spend 2 hours a day cleaning the house while youTube plays the background, 40 minutes exercising, 2 hours working as a consultant (I started a consultant firm), and 1.5 hours cooking and eating a healthy dinner. I tend to the chickens and garden for a half hour a day. We watch movies every night. I write in my diary once every two weeks. I continued the Don Quijote and Spanish lessons grabbing my group members and Spanish teacher from Spain and asking them to teach me online. Every other Sunday morning, we review 10 chapters of Don Quijote for 2 hours (God that book is long, it will have been a year by the time I finish it) and every Friday I have Spanish class for 1.5 hours. That's enough of a schedule for me. I want plenty of time to see family, work on home renovation projects, travel, attend local political meetings, go to the movies and farmer's market. Once every 6 weeks we travel somewhere. Over Christmas and New Year's we spent 2.5 weeks in Ecuador and Peru. We saw Machu Picchu! I volunteer as an assistant coach for the women's cross country team, which keeps me busy in the fall. There are plenty of meaningful things to do in life, I just never found anything meaningful in my career.
You have 5 years of living expenses in your checking account? why?
@@fiveplates yeah that sounds like they are going to be rated by inflation….also I am curious how this person accumulated $2.3 million before 40. Family money maybe?
Professors always retire as millionaires!!!
@@ang5035 consistent income
You have s good life. Good for you.
I'm a former academic, too. My grad school friend quit his job as an administrator at an Ivy League. And he realized that he's in a great position if he only makes 20K a year. Once he realized that, he said goodbye to the high stress job.
That's awesome for your friend! What are you doing now that you are no longer in the field?
What is fire?? Do umean retired. Never heard anyone call it that
@@deloresredman4792 Financial Independence Retire Early
She's genuinely happy. I love it 😀
Thank you! I am :)
Her energy & charisma is infectious!
This is wonderful. I wonder why they insist on saying "retire" rather than just self employment.
Clickbait
She retired from the traditional workforce.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha.
That's an intriguing outcome. How can I contact your Asset manager?
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I love seeing Black women happy, healthy, and successful. so happy for her!!
I am so proud of you. We need strong women who take charge of their lives regardless of their race. I am a white 67 yo and love these stories. You go girl!
Hello 📥
Congratulations, Soror! Having time to do what you want as oppose to what you have to do is a wonderful accomplishment!
Yes 🙌🏾. Congratulations, Soror 🐘❤️.
I worked at Subaru with your dad Dave. He would tell me about your progress. Dave was one of my favorite people to work with. Wish you guys the best.
Dr. Simmons energy is contagious. Love the advice she gives and definitely has it together.
Yes! Totally agree! :)
Hi LAKISHA I SO PROUD OF YOU BEING ABLE TO RETIRE AT 41 YOU GO SISTER YOU HAVE SHOULD ME THAT ANYTHING IS POSSIBLE YOU HAVE WHAT YOU WANT IF YOU JUST TRUST IN YOURSELF LAKISHA I HAVE BEEN SOBER FOR 2 YEARS AND OF MARCH 6-2022 AFTER 22 YEARS OF DRINKING GAMBLING AND DRUGS LAKISHA YOU HAVE SHOULD ME THAT ANYTHING IS POSSIBLE I'M TAKING IT ONE DAY AT A TIME MAYBE WITH YOUR ENCOURAGING WORDS AND SUCCESS LAKISHA AND MY TESTIMONY AFTER 22 YEARS OF DRINKING GAMBLING AND DRUGS BEING SOBER FOR THE LAST 2 YEARS I HAVE NEVER FELT BETTER I HOPE AND PRAY FOR ANYONE OH ARE STRUGGLING WITH DRUG GAMBLING AND DRINKING ALCOHOL GET SOME HELP I JUST WANT TO THANK YOU AGAIN LAKISHA FOR SHARING YOUR AMAZING STORY LOVE YOU AND YOUR RUclips FOLLOWERS 🙏🙏🙏
Hello 📥
This is EVERYTHING and I love seeing her happy. This isn’t the first time I’ve heard of her either.
Great job Lakeisha
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
@ShellyHuerta The reason I decided to work closely with a brokerage adviser ever since the market got really tense and the pressure became so much(I should be retiring in 17months) so I've had a brokerage adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
@@elegboozioma7267 How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@JuneTalley “Victoria Carmen Santaella’’ You can easily look her up, she has years of financial market experience.
@@elegboozioma7267 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
Loved this video! She’s gorgeous and intelligent. Wishing her and her family the best of luck ❤️
I like how she is using the freedom to focus on using her skill and talents to do things that matter to her.
Just to add to what this amazing woman has done, remember guys, you don’t have to retire in an expensive state in the US. You don’t have to retire in the US at all! There are a ton of places where you can live like a king for a fraction of the cost that it does to live in the US.
Very true
So CLICKBAIT-Y - she did not retire early, she changed jobs. It’s ridiculous how they leave out all the important details:
1. Is she invested in taxable or tax-diferred/retirement accounts? If in retirement accounts, what’s her withdrawal strategy?
2. The 4% rule of thumb is based on a 30 year time period. If she’s withdrawing 4% (34K), she risks to run out of money by age 71. How is she accounting for that?
3. What is she doing for healthcare coverage for her family?
4. How much is she bringing in from her side hustles?
5. What does her monthly budget (“post-retirement”) look like?
6. They show a partner/husband/boyfriend or something in the video; is he included in her calculations? Is he the father? How is he contributing?
It sounds like she is just switching from a 9to5 to being self-employed. If anything they would call this coast FIRE, but that means she will not be withdrawing from the nest egg and would let it grow without contributing any money until she reaches her true FIRE number.
Kudos to her for growing her savings/investments to a significant amount nevertheless. This is no small achievement.
I totally thought the samething and yes, is this husband working while she's at the gym? I need to know because.....yeah
She couldn't grow her S&P 500 investment if she was withdrawing. Seems obvious the "husband" is the income. The nest egg will grow fast if untouched the next 10-15 years.
I love to see these stories and hear how people were able to 'retire' early, but MSNBC always leaves out large parts of the stories on the mechanics of how someone exactly achieved all of this. I believe that they're leaving out the less than glam parts of the stories - like what someone doing FIRE would do in a sustained down market or how people are paying for health care or plan to cover LTC. I don't think it's an oversight on MSNBCs part, it's just that these parts are less glam and interesting than the headline of "I retired at 41!"
Yeah, many of these stories are trash because there's various details that make it more viable for people to "retire". Unsubscribed.
Great points, I totally agree, but unfortuntely I've never heard a FIRE person talk honestly about the real situation, shows and books seem to just glaze over it, and it seems to be more about selling the book or show. Which means we need to take it with a huge grain of salt, and remain very skeptical. There are a lot of important details left out.
Many people says with relief "working for yourself, you don't have a boss" That's misleading: your replace your boss in a company with multiple bosses working for yourself. Your clients are your new bosses.
Ralf, interesting way to think about it! You're right! I do not have the traditional "boss"! Thank you for taking the time to watch my story!
What an inspiring video, I think it is important for more of these stories to be shared. So much of society is wrapped up in this robotic work mode that we forget who we are and what life is really all about.. "retiring early" is all about freedom to do as you will, to enjoy.. that is life. What I have found on my journey thus far is more peace through simplicity...
It's good to have a comfortable home and time for the family, she is smart and lucky
A very confident, inspiring woman - love it!
Whoever at CNBC it was that decided to do these personal interviews of real people, doing real life things, thanks. I appreciate the CEO's of large fortune 100 etc. firms and all, but these stories of the lives of entrepreneurs are much more inspiring.
When you achieve financial independence, or even begin to near it...it opens up so many more opportunities. Including the ability to stop working full-time. I don't think most people will quit working altogether though. I'm certainly on my journey to FI but I've been making youtube videos as "my side work" I dont consider it work since I enjoy it and share what I learn about personal finance. I think one of the biggest lessons of success is...is that maybe success is really finding what you love to do with the people you love that brings value to the world. Achieving FI gives you more opportunities to find that...imo.
This was amazing. Love seeing people at peace and reach such a great level of content. I hope I find this one day. Much love!
Congrats to Lakisha for achieving FIRE!
So happy for you... Congratulations! 🎉🎈🎂
Thank you so much! I truly appreciate you!
Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.
Very true, If you're looking for help
building a retirement nest egg, you most likely want a certified financial planner with expertise in retirement planning. With the aid of a coach, I grew my reserve from $160k to almost $600k during this Red season.
@@helenoliver4838 How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
@@danieljamal3709 *PRISCILLA DIANE AIVAZIAN* . look her up on the internet, that’s the financial advisor I use. She’s verified and you could also read more about her and then communicate with her. it’s always good to do your research before putting your money into any investment.
@@helenoliver4838 thanks for the info. Found her website and it was really impressive
Interesting I'm also a subscriber of *PRISCILLA DIANE AIVAZIAN* signals and if I were to rate her accuracy, I would say perfect 👌
Wow! She’s so smart! I love this episode.
Thank you Raymond!
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
my partner’s been considering going the same route, could you share more info please on the advisor that guides you
This reference seems valid.. Just looked up her full name on my browser and found her site without sweat, over 15 years of experience is certainly striking! very much appreciate it
MY portfolio has good companies, however they have been red all this year. This is my first year of investing and have been down 35% in the January sell off, and now down 17% in this sell off. I work hard for my money, so investing is making me nervous and sad. I don't know if I should sell everything or just sit and wait.
Building a good investment portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
I’ve been trying to hire a professional. After all, it's what really wealthy people do, they hire more experienced persons to do the job but I can’t find anyone I can trust.
I’ve made a loss of over $25000 trading in my own where can I find an expert to help me recover my losses and also help me earn consistently from the stock market.
Christine Lynn Saitta. She is famous and has got a website. So, you can check her out online and subsequently contact her from there.
I made $63k monthly with her trade signal for over 6 months now
Frugality is an attractive quality to the majority of the population. Being frugal is about putting your dollars towards the things you care about and not overspending on the things that don’t matter. Thank you for sharing I'll do that right away
A married woman can "retire" early at any time if she is supported by a partner. It's called quitting your job to be a stay "stay at home mother!" Good for her to continue to work on passion projects.
😂
Aww lol, look at the haters
@@cmac3764 not hating, just pointing out the obvious. Frankly a poor example of lean fire. If she were single with kids that would be impressive!
I agree that it’s easier done with a spouse. However, I FIRE’d as single mom at age 41 and am now a stay-at-home mom. It’s possible as a single person but a LOT of work and persistence. Best wishes to you all!
@@larabraver Congrats to you! I am glad you get it! Thank you for watching!
Congratulations, Sister! I Iove the fact that you are willing to help others. You have a beautiful smile!
Impressive video. I started a bit late (graduated from my doctorate program at age 30 in 2016 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I'm not very knowledgeable with investing, so I have all my capital currently vested in index funds but considering the dollar dumping and current inflation crisis. How optimal would this be beneficial long term?
Ever considered financial planning? There’s a vast amount of ways to yielding a high income in the financial market but that you’d need to pick out an asset first, how much you want to invest & how you wanna invest.
Markets are oceans not lakes. The aid of an institutional or basic financial managers cannot be over expressed. Take myself, having encountered quite a number of bad trades, I realized following my current Portfolio manager, how entry, capital, exit, goal and more differ on each assets. Currently hold , I have a $122k portfolio averaging a 12% monthly ROI in less than a year following Margaret Johnson Arndt, so I do know the importance of basic knowledge and delegation.
@@MarkFreeman-xi3rk That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
You can easily search her name online, she has a great online presence
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume
That’s a great mindset. Love her empowered attitude 👍🏻
Awesome video. Great to see folks doing well collectively and focusing on their interests and purpose. Enjoy this new chapter and continue to contribute by leading as an example.
Thank you! This is so true!
Good for her. I wish her every happiness.💕
This lady is living so comfortably. So inspiring.
Great story, but headline is misleading. She did not really retire, just working differently. But still hats off to her for taking the leap.
I LOVE the concept of being able to retire on your own terms- whether it be totally leaving work in the traditional sense, or being able to work on what you’re truly passionate about or various side hustles. YOU get to define what you want when you take care of your finances. You’re an inspiration Dr. Simmons!
Good for her...thank you for sharing the story
She’s living my dream of living on my own terms 🙌🏾🙌🏾🙌🏾
Work Optional / Coast FIRE at 41 is 👌🏼
You get it! Thank you for watching!
love her energy and mindset
Absolutely love it! Such an inspiring story and continued journey! Congrats and blessings Doc! 🖤
A great example of not needing 1 million to be financial independence
Try that in 30 years. You get a lost decade in the market and 4% inflation for a decade and you're toast.
Life is simple when we live simply..
She also has a husband and still has other streams of income. She's just not working full time.
Thank you for understanding! I am thankful to be on this journey.
Yep, it depends on your location in the world, etc. In NYC where I am that amount would do nothing here but where she is that amount is reasonable because the cost of living isn't absurd.
Her husband still work
"No job is safe" so true! That's why you have to invest!
Yep!
Laina, you get it! Thank you for taking the time to watch my journey.
Inspiring!! Love to hear great stories like these.
Thank you so much!
That's great and all, good for her. People making 6 figures gives those people a huge advantage over someone making 4- 50 k a year. Seems like a lot of the retire early stories I see many folks are making 6 figures. Would love to see of the average person doing a video.
Hello 📥
Exactly
Nice content, Investment are stepping stone to SUCCESS, investing is what creates you wealth and wealth brings you assets.
and assets buys you Freedom.
His trade execution quality and profiting is well structured with great financial features.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Good good content.
Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.
I've seen so many review about this man called Romero pieto who is he ?
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
@Stacy White I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership
@Stacy White You can connect with her on what'saap
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There's no way this woman is 41, whoah - she looks super young and is stunningly pretty. Smart and resourceful on top of it. I really look up to her. Hope I can be like her when I'm older.
she looks 40 she look great but she looks 40
wish these videos would give a more in-depth picture of how the person is actually making this work. does she have 850k in a brokerage account or is part of that in retirement funds too? if its in retirement, theres no way she can be withdrawing from those funds at 41 years old without incurring penalties...so hows she making this work? a 4% withdrawal rate on 900k is only about 36k a year - that seems very low to live annually on for a family if she is still paying a mortgage in nashville and also raising 2 kids that look pretty young! honestly, great for her and certainly she seems happy and its working! but would be nice to see more of the details to see how its all really possible by the numbers
Well she sounds like shes a financial consultant/coach and speaker, and she just got an advertisement on CNBC. So..."FIRE" in this case just means shes not working for someone else anymore.
She still have other streams of income it’s clear from video. She just isn’t working for a boss. I’m not sure if this is really considered r/fire
Hi! I go deeper about my investments on my page. I appreciate the great questions you have!
You can withdraw early from retirement accounts using loopholes. Look up the Roth conversion ladder, for example.
She has other streams of income which she has to live off of. It states it in the video.
She's 41!? She looks so much younger! I love her personality too!
Good to see people killin it, living the life they want, it’s not all about making millions.
this is so inspiring ... thank you for sharing your story ... this was motivation to reach FIRE
Sounds to me that she isn’t “retired”. Using the term retired in the most traditional sense. She’s just self employed and that self employment is extremely lenient. Personally wouldn’t say you are retired unless you are not working on any types of income, at all. You can live off of your assets with no growth until you die. But to each their own. I work maybe couple hours a week, being self employed. And I look at it pretty similarly to retirement because it’s just that free lol
A lot of these videos rely on a looser term for retirement. Perhaps we can come up with a new word to differentiate between no more work vs sometimes still work? Either way, kudos to anyone who can afford to be loosey goosey and live!
yeah theres a good chance shes prob making more money from this financial coaching business than she did from her traditional job. So definitely not retired.
Hardly anyone in the FIRE movement is traditionally retired.
I think most ppl still work after they retire bc they are bored lol but $850k at 41 with 2 little kids is what’s throwing me off. I don’t think based off of what I have read that what she has currently is enough to live off of for the rest of her life. I could be wrong but yeah I agree retired is probably not the proper term in this case bc even she admitted she needs those small hustles to make it work! Still inspiring
I agree with you.
Need more like her setting an example, and giving hope!
Yes but she is also a highly qualified professional in a highly in demand field (analytics).
You are an inspiration! Thanks for sharing part of your journey!
My husband and I bought a retirement home in 2008, and he died two years later. The condo unit is worth $50,000 more than we paid. Should I sell it now or wait.
It sounds like the retirement condo is the questioner's memento with your late spouse, and the reply fully recognizes this component. The economics clearly tilt toward selling because the homeowner is having difficulty renting to a good tenant. You could contact the condo board and ask for a referral to a professional management company to find a tenant and manage her condo; it would cost a portion of your rent, but that would foist the hassles to professionals. It seems money isn't a concern for the questioner, so if you chooses to hold onto the property, I would recommend this option.
She’s hesitating due to memories of “what might have been. “ Look forward, don’t look back. Decide where you want to live and sell off the other one. After my husband died, my kids asked me to move to their city. I sold our home of 30 years, moved, and never looked back. Best thing I ever did.
I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@@rianosherry860 My portfolio grew by 1,000% within a year. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
@@kucheranraina9201 Thanks for the recommendation, she must be very good at what she does, her name is the first thing that pops up on the browser. She seems really solid and i have sent her a mail already hopefully she replies soon enough.
This was made 3 weeks ago. The market has tanked. And many tech stocks have plummeted 50%. I hope she still has $850k
She retired she did not say her husband retired as well. Also, she still works just not as a professor.
If you run the numbers, especially accounting for college savings, inflation and health insurance, the only way her current retirement is possible is if her spouse is still working. This sounds more like spouse-subsidized fire rather than lean fire.
True
Flipping through some other comments. There is another article that she is divorced. Probably getting child support as she has no income.
I did find it a bit interesting this one didn't have a budget
@@utube230 I saw the article. It says she was divorced in 2016. However if you watch the video closely you can see she is wearing a wedding ring in multiple shots, and at 5:09 there is b-roll of her holding hands with a guy implying that he is a significant other. So I assumed she re-married.
@@MrYawdie I think she re married as well. After further research.
Incredible how neither the video nor the description explains what FIRE is. Now I have to google it to know what she’s talking about.
But great job being independent, doing what you love.
Motivation 🔥 congratulations queen
Thank you so much!
CONGRATULATIONS!! 🎊🎉🎈🍾
Congratulations!
Thank you!!
Lakisha is so pretty! Congrats on your early retirement!!! Thanks for sharing your story 😊
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@caseycantrell-gh6fg However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Donnafrank-k6e Oh please I’d love that. Thanks!.
@@caseycantrell-gh6fg Clementina Abate Russo is her name.
Lookup with her name on the webpage.
Retiring in Tennessee. Never in a million years. Good luck! 😎
She's not retired. She changed career paths and decided to earn less. You need much more than 850K if you're going to retire this young. Unless you have a terminal illness or something. Those of us who expect to live into our 90s should not be this financially reckless.
Natalie, I am not necessarily earning less because I retired from the traditional workforce. I do other things to still generate income as well as my investments. Thank you for watching my story. I appreciate the time you took out your day!
Negative Natalie is what you are!
I truly admire you for what you have accomplished and I wish you have a wonderful life