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I started watching your videos about 6 months ago and adjusted our investment strategy. In the last 6 months, we've generated enough to replace one of my paychecks! It's a small first step but it's very tangible and I feel like we can actually get to the point where our investments are replacing all of our paychecks. Thank you for sharing!
I started my FIRE journey at $26k in assets. mostly in my 401k, last June 2020. I just crossed the $70k milestone in just 15 months! With consistent investment, staying focused! On a single income! You guys are a huge inspiration!! I share my updates monthly too, so when I reach the $1M milestone I can come back and have reference to every step of the journey! Thanks for another great video!
@@OurRichJourney Yess! thank you for all the inspiration! Your family has been key in my FI Journey! And all this asset growth while paying off a beginning consumer debt of $82k!! Cant wait to be debr free and over $100k invested!
How is this possible? I have like 30k invested mainly in my roth ira and over 15 months I haven't seen any major growth . I max out my accounts at the 6k a year that it allows me and have my money invested in index funds and still I do not see any real growth
@@marleyhankins9375 The US stock market has gone up by 60-plus percent over past 15 months. You should have seen tremendous growth. Unless you're looking for crazy 500% returns, getting 60% in just 15 months is incredible.
The philosophy of the rich and the poor is this: "the rich invest their money and spend what is left. The poor spend their money and invest what is left".
@@KS-jg6bx Its about financial literacy which they dont teach in schools - however even those with a low income can learn this with the power of the internet now
You both are great! The internet is just flooded with financial advice for people who already have high incomes, while there is relatively little for people who have lower incomes or are starting small. It's frustrating. Thank you for the useful and realistic information and advice.
@@urbanart7325 there are definitely strategies to protect your nest egg. You can keep a few years worth of spending money in cash, so you’re not having to pull out money when the market dips. You can go on a stricter budget when the market dips, or even moving to a lower cost of living state or country!
I retired 14 years ago at 57. No pension, but later got SS. My stash has doubled. I'm a low spender, but have all I want. The dividends on my 70/30 portfolio more than pay the expenses. I reinvest what I don't spend. I've increased charity giving since the pandemic inasmuch as I've done so well. I've been a happy subscriber to your channel for many years.
I am confused, I understood at the beginning of yout video that you were getting $500 per month in dividends alone (not capital growth) from this portfolio but it was all growth, correct? I liked the idea of not selling just living of dividends, if then I have capital growth that is a bonus. Thanks for your amazing videos! Love your channel!
I think these types of videos where you show us how you are investing instead of just talking theoretically has a massive role in building your credibility. Keep it up!
I'm very interested in investing in the stock market. I'm currently working full time, I'm 48 yrs old. I have a Fidelity account through my employer. How can I get started with investing and how can I be aggressive with generating passive income so that I can quit my job? Please help me!
Because of you guys, I started investing. I grew up in a poor refugee family. No one taught me about finances or investments. My portfolio is healthy thanks to you guys! Also, it’s amazing to see POCs represented here in this space. Super important and amazing that you guys put out content. Keep doing it!
Conceptually, I am loving how you two are doing this channel together! Great video and it goes without saying, exceptional gains in passive income from dividend investing!
@@OurRichJourney @Our Rich Journey Hi 🤗 HOW Did you set THIS Account Up🤔 Was It On Your Own or Through a Broker??? IF, It's SELF Directed, WHAT are the fees & Why??? HOW Do I Get Started Underneath The SAME One's??? What Else Are You'll Into??? What about Bonds with The Highest Rates??? What about Annuities with The Highest Rates???
Enrolling in your course today! My hubby is finally on board to go all in with the FIRE lifestyle. I am really happy for your family and hope my husband can be at home with our kids like Amon is. Also, I loved Portugal so much when I visited there.
When they describe the three investments, they show the amount and how they split the 1200, was 720 for the total stock and 240 for the other two. They where on automatic
Thanks for the question! We explain the breakdown in our first video of the series. You can check it out here: We Invested $5,000 In the Crashing Stock Market | See Our Portfolio (Ep. 1) - ruclips.net/video/ZCqVbTWVfWs/видео.html
About a year ago...I watched a video from you and was so motivated I began to use your guidance from your budget tool and invested with VTSAX and ETF and a couple of stocks....almost a year and I have made more than I ever imagined...I have saved so much and my money continues to grow by the minute...thanks so much
Thanks. I've been doing this since last April. My dividends from my stock portfolio are now at $175 plus a month! I'm always talking dividends. I started my portfolio around the same time. I've invested about the same amount and have seen it grow and grow. I love your 4% idea and I also like the checking to ensure your positions are set up for you to receive dividend income every month by mixing in when they pay out quarterly. Once again great advice. Thanks again.
These guys did it right…HOWEVER, they were very lucky to have lived through and maxed out investments in the market and real estate during the biggest bull market in history. Many people who follow in these footsteps will need to manage expectations.
JEPI, NUSI, QYLD, and XYLD. Pay monthly and the lowest yield of those 4 is 7%(NUSI) and the highest is 12%(QYLD). These are covered call ETFs, perfect for income in retirement, not so much of you want growth.
I am sorry, but I am bit confused about what you said in the end where you said you started the portfolio with $5000. From the numbers you gave it seems that you invested $1200 in the first month, and then $1200 (or more) every month after that for 17 months and you haven't taken any money out. So, the 5k you started with would have lasted you 4 months before you started to put in more money. So I am a bit confused when you say you started the portfolio with only 5k, when you have actually invested much more over 17 months. The returns you got are pretty impressive, but I don't understand why there was a mention of $5k in the video.
I’m ready to retire in 2 yrs at 70 yrs old. I have very little in stocks, but about $1.5mil in real estate. Some of which is paid off. I’m trying to decide whether to sell the $1.2mil property and reinvest in dividend paying portfolios. My goal is to purchase in Silver Coast, Portugal and have a small place in Lisbon to rent. Can you help someone who does not have 15-20 years to build the kind of portfolio you both have built your retirement on?
One point about the 10% average return that some may not see as obvious, is that the average return is often times very different than your actual return. For example, let's say you invest $100. In year 1, market goes down 30%, and you have a balance of $70. In year 2, it goes up 50%, and your balance will be $105. The average annual return over those 2 years is 10% (net 20% divided by 2 years), but your actual average return is an annual 2.5%. Folks should keep this in mind for retirement, and should have a large enough portfolio (and some cash) to weather the storm like in 2008, where it took 4-plus years to recover back to its pre-crash value.
Im confused why tax and penalty implications are rarely discussed with FIRE. Wouldn't the 4% rule actually be a higher percent when including taxes/penalties in a 401k or tIRA?
At 58 I am not sure I have time to do this. I am paying for home repairs, saving for a car because mine is falling apart and 16 yrs old. I have Annuities and an emergency fund. I work and collect some retirement but I can not afford to make large deposits in stocks. I do buy some but I di not earn enough to do more. In a few years I can get Soocial Security, which should be equal to what I currently earn. My concern is if I will be able to continue working with my physical issues. Biologically people in my family are not long lived. I anticipate being dead at 70 or closer. I do not think I can do FIRE. What do you suggest for older people with poor health and short llife expectancy?
Hi, Christina and Amon. Great content, thanks for putting these little gems together for us to enjoy! Being a Portuguese resident, I’m curious to know if your strategy has changed regarding dividend investing now that you’re Portuguese residents yourselves. As I understand it, dividend investing might not be the wisest portfolio based on our tax law, but I understand your target audience is majorly located in the US. Congrats again on the great content.
Dang. I wish I would have started when you'll did. I started in June2021...$606 in and earned $26 so far. Humble beginnings. I'm excited to see where it goes.
Humble beginnings is a good thing! you have started and congrats on that in a few years time the stock market will hit another all time high and if waited till then you would kick yourself right? you are in the market now just watch it grow :)
But you started! And you're making that $26 with no effort!!! That's the way to do it. And, one more thing . . . Imagine what your portfolio can be at in ten, twenty, thirty years from now!!!
I don’t like this video…I LOVE THIS VIDEO!! My 10 year old and I watched this together. He is so excited right now from all your gains. Terrific job guys!!🙏🏽
I love all your videos and you have such a beautiful family.Because of you guys i have finally opened a vanguard and fidelity acct. I am 52 yrs old single parent for a long time so it wasn't easy saving, so now i am playing catch up and learning so much from you guys. I am going to buy your program because i really want to learn and focus on growing my money. I have no debt so i know i can do it!!!
Qyld 👍👍 drop 5k there and see what your monthly dividend is, then times that by 12. I'm in Love with monthly and have others to get growth but to get paid without selling anything is nothing but Joy.
@@davidgivens5121 I'm on the fence with investing in QYLD. My growth mutual funds are killing it. QYLD doesn't compare - even with dividends reinvested. My understanding is that the dividends are between .15 and .20 per share per month. You gotta have like 555 shares to make like $100 a month or about $13k invested. Hopefully I can drop like $500k in QYLD when I retire in ten years.
I have Jepi and Jepq. Jepq gives me 19.9 div a month. Between the two i am getting a Div of 2575 a month for life and both have decent capitol appreciation. Maybe look for higher paying Divs for FIRE people, anything under 8 percent just give you enough Divs to retire on. Keep up the good work!
Thank you for the great videos. Question for you, I have invested $10,000 to VOO and VTSAX about 5 months ago. When I look into the portfolio, VOO has alot more capital gains ($2,000) than VTSAX($500). But YTD rate of return is about the same. Don't understand.. can you explain what I am missing. Thanks!
Great video, is having a dedicated dividend portfolio better in a taxable account? My goal is $500 per month in dividends. I only have index funds in my 401k, 457 and Roth.
📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire 🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass ✈Want to move to Portugal? Enroll in our Moving to Portugal Course: www.ourrichjourney.com/movingtoportugal
@Kate Bide there are different and dare i say easier ways for UK investors. eg you can buy directly from vangaurd now (recent welcome news for many). Also think about ISA and SIPP investments to be tax efficient . Principles are the same low cost index funds and be tax efficient - think long term invest regular :)
@@wanda9688 Never to late your retirement horizon is longer and you may need a more aggressive investment strategy (with a safety net eg balance stock investments with bonds).
I don’t work for the government, my job doesn’t have and don’t offer pension and health insurance when I retire. But I’m doing what I can to max out my 401 k and invest in my brokerage account using index funds to reach my fire goal
It would be interesting also to know how to handle windfall profits where almost everything is capital gains. I've heard that the rich often just borrow against their portfolio rather than selling which both allows them to continue to receive gains and avoid taxes at the cost of paying a small amount of interest. That sounds very risky but it would save a ton in that situation, well at least until you die but then the cost basis immediately adjusts then for your heirs.
Nice video 👍successful people don't become victorious overnight. What most people see as a glance wealth, a great career purpose is the results of hard work and hustle over time. I pray that anyone reading this will be successful in life..
I’m new to this can y’all explain why or what made y’all invest into these accounts? How do you find a good stock or what do you look for in a stock that is worth investing in?
Hello, teachers! I'm already registered your class! :) I have a doubt: when I calculate the contribution to my portfolio, I set an amount per month. Later, in some simulations, when I virtually played a bit more, I found that contribution per week brings in 30-40 years a more extensive portfolio size than a monthly payment. What did I miss here? :/ I didn't get it! Thanks!
Thanks for watching and commenting! I'm not sure if I understand you question correctly. Is it when you do investment simulations, after 30 or 40 years, you have more than the size of your monthly payment? If that's the case, keep in mind that your portfolio has to pay for your annual expenses. But, even so, even if you invest for 30-40 years before pulling it out, it's very possible that your portfolio will grow much larger than a 4% withdrawal rate! :)
I so appreciate the content! Is this portfolio in a taxable brokerage account? Is it better to hold ETF's in a taxable brokerage account or doesn't it matter?
Great question! We actually have a video on the type of investments that go best in tax advantaged accounts and those that are better for traditional brokerage accounts. Here is the video: How We Reduce or Avoid Taxes With Tax Efficient Investing | See Our Portfolio (Ep. 5) - ruclips.net/video/zx7r9QbOunM/видео.html
Just opened up my fidelity brokerage account. I plan to invest 5k and the do 800 a month . I will invest in all the ones you mentioned. And I will invest in REITS using my retirement account
Thank you and Thank you so much for your RUclips channel and your courses. I just completed your course. It was very easy to understand and well thought out. Too bad I am old for the FIRE movement. I will pass the knowledge to my young daughter and any young person willing to listen. The course really helped me realize I need to work on improving my emergency fund situation and then invest in something conservative. You are changing life and mindsets. Much appreciated and good luck with your continued success!
Aww, thank you for the kind words! Glad to hear that you're focusing on improving your emergency fund, that you understand your risk tolerance, and that you're going to be passing on your knowledge to your daughter . . . creating generational wealth!!!
I have a question. Is it better to put for example $500 in one company a month or break that $500 up and spread it through? For example, instead of putting $720 in FZROX, you would put $300 in FZROX, $200 in the FZILX and the $220 FSRNX?
The main is just start investing monthly. Thanks to fractional, you should be able to do 500 and spread it amongst all three. But if you can do the entire you posted... do that.
Hi, that's what I did to my investment account. It's currently up to 7,200. That gives me $600/monthly passive income without knowing it 😂. I only make a minimum but I'm close to getting $100k soon 🙏 just keep going!
I was wondering what your advice is in terms of when to invest in those same index funds and ETFs with Fidelity? Currently in March 2023, three banks of gone bankrupt in the US and stock market is decreasing everyday. I have 70 K cash I saved and am ready to invest but I was wondering if I should wait a month and see if the recession crash happens? This would make it cheaper to buy for me than invest all that money now. What is your advice?
When you receive dividends, even if you re-invest, you have to pay taxes on those dividends, correct? Also, you guys look very young. Did you have to pay penalties to start receiving dividends on your retirement funds; IRAs and 401Ks or are you still holding off on those?
I'd love some advice we have a 1 million dollar home which we have 500,000k equity in. It's our dream home with some land too and would like to keep it long term. We have approx 5k in crypto and 5k in shares. With higher interest rates we can save very little eg $50 week currently. What would be best way to move toward fire. Pay off mortgage or invest or both. Not sure how to increase our income at this stage but we are trying.
Which regulated exchange do you guys use? Have you used the lighting network? Do you think it could help Bitcoin, Forex and stock scale? Let me know! Because there is a great deal of content that we're not getting that is available.
Im quite new to this… i dont understand something in the video…you say the growth through capital gain is the main way of you making money. So when you say you reinvest what you generate into the same 3 funds, are you talking about dividends reinvestment or you sell some of your shares to buy some more and get a capital gain ? Thanks for sharing your journey !
Thank you for your informative videos. What are your thoughts on investing in the s&p 500 alone? For the long term, 10/20 years. Will this be a good move?
Despite his legendary stock-picking abilities, Warren Buffett remains a staunch supporter of index funds. He favors them over most other investing options. The Oracle of Omaha even said he’s instructed the trustee in charge of his estate to invest 90 percent of his money into the S&P 500 for his wife after he dies, Buffett told CNBC’s Becky Quick in an exclusive interview on “Squawk Box” on Monday. “There’s been no better bet than America,” he says. Here’s why Buffett’s favorite investment can be a smart choice for almost anyone, especially those who are new to the market.
Hello! I have been following you months ago after my cousin talked about you. Where are you getting the $1200 you are investing monthly? Is it from another investment account?
My co worker who motivated me in this journey still a newbie. But has stated too me too invest in index funds that's what I'm trying too do and plus you can put an amount you can afford. ETF are more expensive but in time will invest in those. I have Schwab brokerage account. Any ideas? Thanks for video still learning as a little guy
I was wondering how so much of your income was based on growth, then I saw the date of the video! I need to catch up on how it’s going for you now that things have gotten so much rockier.
thank you for the video. ideally. capital gains when you hold the stock is not income you can live off month to month basis right ? only dividends payouts are actual payouts to live off on month to month basis.
Question although I have a index fund with vanguard, can I also open a Index fund with fidelity? I'm I allow to open another index fund even if I have one open in another brokage..?
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I started watching your videos about 6 months ago and adjusted our investment strategy. In the last 6 months, we've generated enough to replace one of my paychecks! It's a small first step but it's very tangible and I feel like we can actually get to the point where our investments are replacing all of our paychecks. Thank you for sharing!
Replace one of your paychecks?! That is FANTASTIC Rebekah!!!
Girl! That comment is everything! That comment is keeping me on track!
can you share which videos you have watched to change your investment strategy?!
@@yelin1997 I honestly binge watched most of this channel, sorry that's not helpful. I had a super long commute so I just listened like a podcast
Which broker are you using?
I started my FIRE journey at $26k in assets. mostly in my 401k, last June 2020. I just crossed the $70k milestone in just 15 months! With consistent investment, staying focused! On a single income! You guys are a huge inspiration!! I share my updates monthly too, so when I reach the $1M milestone I can come back and have reference to every step of the journey! Thanks for another great video!
That's a fantastic milestone to hit Inea!!!
@@OurRichJourney Yess! thank you for all the inspiration! Your family has been key in my FI Journey! And all this asset growth while paying off a beginning consumer debt of $82k!! Cant wait to be debr free and over $100k invested!
How is this possible? I have like 30k invested mainly in my roth ira and over 15 months I haven't seen any major growth . I max out my accounts at the 6k a year that it allows me and have my money invested in index funds and still I do not see any real growth
@@marleyhankins9375 The US stock market has gone up by 60-plus percent over past 15 months. You should have seen tremendous growth. Unless you're looking for crazy 500% returns, getting 60% in just 15 months is incredible.
@@inea-fijourney22 what index fund do you have most of your money in in your 401
The philosophy of the rich and the poor is this: "the rich invest their money and spend what is left. The poor spend their money and invest what is left".
I would argue the poor dont invest
@@KS-jg6bx Its about financial literacy which they dont teach in schools - however even those with a low income can learn this with the power of the internet now
Its about financial literacy
Prioritize investing! :)
You both are great! The internet is just flooded with financial advice for people who already have high incomes, while there is relatively little for people who have lower incomes or are starting small. It's frustrating. Thank you for the useful and realistic information and advice.
Thanks so much M. Campbell! That is so kind of you to say!
@@urbanart7325 take the income you get from rental properties and invest it
@@urbanart7325 the market may drop, but the dividends don't.
@@urbanart7325 actually yes you should invest when the market is down as sticks are cheaper :) think about it
@@urbanart7325 there are definitely strategies to protect your nest egg. You can keep a few years worth of spending money in cash, so you’re not having to pull out money when the market dips. You can go on a stricter budget when the market dips, or even moving to a lower cost of living state or country!
I retired 14 years ago at 57. No pension, but later got SS. My stash has doubled. I'm a low spender, but have all I want. The dividends on my 70/30 portfolio more than pay the expenses. I reinvest what I don't spend. I've increased charity giving since the pandemic inasmuch as I've done so well. I've been a happy subscriber to your channel for many years.
That's my target age! You seem to be doing well :-)
What's 70/30?
I am confused, I understood at the beginning of yout video that you were getting $500 per month in dividends alone (not capital growth) from this portfolio but it was all growth, correct? I liked the idea of not selling just living of dividends, if then I have capital growth that is a bonus. Thanks for your amazing videos! Love your channel!
@@Dutty_Boy most likely 70% stocks and 30% bonds in his portfolio
@@Daniela-ys5lb I agree with you. I'm confused about the $500 a month in dividends also.
I think these types of videos where you show us how you are investing instead of just talking theoretically has a massive role in building your credibility. Keep it up!
That is so kind of you to say! Thank you so much!
Also I am enjoying your investment videos. Very good ideas. I am new to this so it is helpful. They are also well done and easy to follow..good job!
I'm very interested in investing in the stock market. I'm currently working full time, I'm 48 yrs old. I have a Fidelity account through my employer. How can I get started with investing and how can I be aggressive with generating passive income so that I can quit my job? Please help me!
I'm going to be 43 in January. Am I too far behind to live off of investments and retire in 20 years?
Because of you guys, I started investing. I grew up in a poor refugee family. No one taught me about finances or investments. My portfolio is healthy thanks to you guys! Also, it’s amazing to see POCs represented here in this space. Super important and amazing that you guys put out content. Keep doing it!
I see you guys didn't stick around in NYC too long another couple weeks and you guys would've been bankrupt! Hahaha 😂😂😂
Yeah, they have definitely figured out the secret to wealth and happiness... And it doesn't include NYC! Great choice Christina and Amon!
Ahh. I get it! Simple understandings for the everyday person pursuing FI. Keep the simplicity coming. 💸
We like to keep it simple! :) It shouldn't be complicated. :)
If you aren't using this income, what income do you use to support your retirement?
Love this! The easiest way for your normal person to start generating passive income!
Yes! The easiest way!!! :) Thanks for watching!
What platform do you use to invest? I couldn't find those funds in Robinhood.
You're the ones that first educated me about a HSA account. From a year ago that account is up 30% at $9000.00. Thank you for the financial education!
yep thinking of starting now on that....good going!
Conceptually, I am loving how you two are doing this channel together! Great video and it goes without saying, exceptional gains in passive income from dividend investing!
Hehe! Thanks so much!!!
@@OurRichJourney
@Our Rich Journey Hi 🤗 HOW Did you set THIS Account Up🤔 Was It On Your Own or Through a Broker???
IF, It's SELF Directed, WHAT are the fees & Why???
HOW Do I Get Started Underneath The SAME One's???
What Else Are You'll Into???
What about Bonds with The Highest Rates???
What about Annuities with The Highest Rates???
Enrolling in your course today! My hubby is finally on board to go all in with the FIRE lifestyle. I am really happy for your family and hope my husband can be at home with our kids like Amon is. Also, I loved Portugal so much when I visited there.
That is awesome!!! Yes, you can do it!!!
How did you spilt the $1,200 was it the same into each ($200, $350 and $650) or did you change them depending on how they performed?
When they describe the three investments, they show the amount and how they split the 1200, was 720 for the total stock and 240 for the other two. They where on automatic
Thanks for the question! We explain the breakdown in our first video of the series. You can check it out here: We Invested $5,000 In the Crashing Stock Market | See Our Portfolio (Ep. 1) - ruclips.net/video/ZCqVbTWVfWs/видео.html
About a year ago...I watched a video from you and was so motivated I began to use your guidance from your budget tool and invested with VTSAX and ETF and a couple of stocks....almost a year and I have made more than I ever imagined...I have saved so much and my money continues to grow by the minute...thanks so much
congrats Jose
Wow! That is fantastic to hear! Thanks for sharing Jose!!!
What is VTSAX?
@@rossnguyenfavorites5375 an index fund offered by vanguard
Thanks. I've been doing this since last April. My dividends from my stock portfolio are now at $175 plus a month! I'm always talking dividends. I started my portfolio around the same time. I've invested about the same amount and have seen it grow and grow. I love your 4% idea and I also like the checking to ensure your positions are set up for you to receive dividend income every month by mixing in when they pay out quarterly. Once again great advice. Thanks again.
Congrats on the gains!!! $175 plus a month is FANTASTIC!!!
What ALL Are You Into????
Aman- loved your T-shirt. Great job giving us a sneak peek into your portfolio,
Thank you!!! A new shirt I got from NYC!!! :)
These guys did it right…HOWEVER, they were very lucky to have lived through and maxed out investments in the market and real estate during the biggest bull market in history. Many people who follow in these footsteps will need to manage expectations.
JEPI, NUSI, QYLD, and XYLD. Pay monthly and the lowest yield of those 4 is 7%(NUSI) and the highest is 12%(QYLD). These are covered call ETFs, perfect for income in retirement, not so much of you want growth.
Nice
Thank you for helping people embrace investing.
We love to get people excited about investing! Thanks for watching Nancy!!!
Can i know which broker you recommend? TD or ibkr?
I am sorry, but I am bit confused about what you said in the end where you said you started the portfolio with $5000. From the numbers you gave it seems that you invested $1200 in the first month, and then $1200 (or more) every month after that for 17 months and you haven't taken any money out. So, the 5k you started with would have lasted you 4 months before you started to put in more money. So I am a bit confused when you say you started the portfolio with only 5k, when you have actually invested much more over 17 months. The returns you got are pretty impressive, but I don't understand why there was a mention of $5k in the video.
hi I am subscribed to your channel and I am interested in investing but i live in Jamaica can i still do the investments that you are talking about
Question please: In addition to the dividend reinvestment, did you have a set amount of money you both invested?
I’m ready to retire in 2 yrs at 70 yrs old.
I have very little in stocks, but about $1.5mil in real estate. Some of which is paid off.
I’m trying to decide whether to sell the $1.2mil property and reinvest in dividend paying portfolios.
My goal is to purchase in Silver Coast, Portugal and have a small place in Lisbon to rent.
Can you help someone who does not have 15-20 years to build the kind of portfolio you both have built your retirement on?
Real estate is a great investment - especially for shorter periods of time. You can definitely find an affordable place to rent in Lisbon!
Love you guys! You mentioned that you invested in additional $1200 a month. How was that money distributed among the funds in your portfolio?
Good question and I would like to know as well.
One point about the 10% average return that some may not see as obvious, is that the average return is often times very different than your actual return. For example, let's say you invest $100. In year 1, market goes down 30%, and you have a balance of $70. In year 2, it goes up 50%, and your balance will be $105. The average annual return over those 2 years is 10% (net 20% divided by 2 years), but your actual average return is an annual 2.5%. Folks should keep this in mind for retirement, and should have a large enough portfolio (and some cash) to weather the storm like in 2008, where it took 4-plus years to recover back to its pre-crash value.
Im confused why tax and penalty implications are rarely discussed with FIRE. Wouldn't the 4% rule actually be a higher percent when including taxes/penalties in a 401k or tIRA?
At 58 I am not sure I have time to do this. I am paying for home repairs, saving for a car because mine is falling apart and 16 yrs old. I have Annuities and an emergency fund. I work and collect some retirement but I can not afford to make large deposits in stocks. I do buy some but I di not earn enough to do more. In a few years I can get Soocial Security, which should be equal to what I currently earn. My concern is if I will be able to continue working with my physical issues. Biologically people in my family are not long lived. I anticipate being dead at 70 or closer. I do not think I can do FIRE. What do you suggest for older people with poor health and short llife expectancy?
Hi, Christina and Amon.
Great content, thanks for putting these little gems together for us to enjoy! Being a Portuguese resident, I’m curious to know if your strategy has changed regarding dividend investing now that you’re Portuguese residents yourselves. As I understand it, dividend investing might not be the wisest portfolio based on our tax law, but I understand your target audience is majorly located in the US.
Congrats again on the great content.
Dang. I wish I would have started when you'll did. I started in June2021...$606 in and earned $26 so far. Humble beginnings. I'm excited to see where it goes.
Better later than never. You got this.
Humble beginnings is a good thing! you have started and congrats on that in a few years time the stock market will hit another all time high and if waited till then you would kick yourself right? you are in the market now just watch it grow :)
@@misspapo3444 thank you!
@@aprofessor5862 thank you!
But you started! And you're making that $26 with no effort!!! That's the way to do it. And, one more thing . . . Imagine what your portfolio can be at in ten, twenty, thirty years from now!!!
Wait, did they make almost 8,000 in a month from their portfolio??? Or am I tripping?
I don’t like this video…I LOVE THIS VIDEO!! My 10 year old and I watched this together. He is so excited right now from all your gains. Terrific job guys!!🙏🏽
Haha Tanya! You are too kind! I LOVE that you watched this with your 10 year old - getting him started young!!!!
@@OurRichJourney thanks so much!😃
I love all your videos and you have such a beautiful family.Because of you guys i have finally opened a vanguard and fidelity acct. I am 52 yrs old single parent for a long time so it wasn't easy saving, so now i am playing catch up and learning so much from you guys. I am going to buy your program because i really want to learn and focus on growing my money. I have no debt so i know i can do it!!!
We love to see it. Still wonder how you feel about income ETFs like NUSI, JEPI, QYLD, etc.
Thanks!❤️
Qyld 👍👍 drop 5k there and see what your monthly dividend is, then times that by 12. I'm in Love with monthly and have others to get growth but to get paid without selling anything is nothing but Joy.
@@davidgivens5121 I'm on the fence with investing in QYLD. My growth mutual funds are killing it. QYLD doesn't compare - even with dividends reinvested. My understanding is that the dividends are between .15 and .20 per share per month. You gotta have like 555 shares to make like $100 a month or about $13k invested. Hopefully I can drop like $500k in QYLD when I retire in ten years.
Hello just to maake sure if i understtod. Are you saying 500 dollar per month as dividend or positive return from stock value increase?
I have a lot of questions? Do you have a video of learning how to invest in stock market for dummies with little money? That’s what I need.
Can you trade US stocks from overseas?
I have Jepi and Jepq. Jepq gives me 19.9 div a month. Between the two i am getting a Div of 2575 a month for life and both have decent capitol appreciation. Maybe look for higher paying Divs for FIRE people, anything under 8 percent just give you enough Divs to retire on. Keep up the good work!
Could you guys recommend any platforms where I could buy ETFs or Index Funds in Portugal? Most of them are for US citizens only :(
What is the best brokerage firm to use??
I just traded for the 3 funds you listed! I REALLY like this channel. It's my first time here. Happened on it by chance!
24,000 a month.interesting. Free money.
Thank you for the great videos.
Question for you,
I have invested $10,000 to VOO and VTSAX about 5 months ago. When I look into the portfolio, VOO has alot more capital gains ($2,000) than VTSAX($500). But YTD rate of return is about the same. Don't understand.. can you explain what I am missing.
Thanks!
Great video, is having a dedicated dividend portfolio better in a taxable account? My goal is $500 per month in dividends. I only have index funds in my 401k, 457 and Roth.
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Im in my 40s. I wish i had access to this knowledge earlier in life. I wouldn’t have become a teacher. Thank you for educating us. Much appreciated
Is this relevant for me at 65 who is retired and would like to generate passive income on savings?
I’m late & need to Fire 🔥 Up retirement funds.
@Kate Bide there are different and dare i say easier ways for UK investors. eg you can buy directly from vangaurd now (recent welcome news for many). Also think about ISA and SIPP investments to be tax efficient . Principles are the same low cost index funds and be tax efficient - think long term invest regular :)
@@wanda9688 Never to late your retirement horizon is longer and you may need a more aggressive investment strategy (with a safety net eg balance stock investments with bonds).
Definantly appreciate content like this
So happy to hear that! Thank you so much!!!
I don’t work for the government, my job doesn’t have and don’t offer pension and health insurance when I retire. But I’m doing what I can to max out my 401 k and invest in my brokerage account using index funds to reach my fire goal
how come your shares are increased? did you do monthly investments?
How do you account for taxes? I know you have to pay them even if you reinvest your gains.
It would be interesting also to know how to handle windfall profits where almost everything is capital gains. I've heard that the rich often just borrow against their portfolio rather than selling which both allows them to continue to receive gains and avoid taxes at the cost of paying a small amount of interest. That sounds very risky but it would save a ton in that situation, well at least until you die but then the cost basis immediately adjusts then for your heirs.
if you choose a accumulating fund then you do not
You mentioned that you are reinvesting the gains. But are you also putting new money in ?
I came across your channel yesterday and I have learnt a lot from you guys especially when talk about college and CLEP exams. Thanks guys
Very cool! So glad you found our channel Tamba!!!
Can you add the link for that video reference? Thx!
Nice video 👍successful people don't become victorious overnight. What most people see as a glance wealth, a great career purpose is the results of hard work and hustle over time. I pray that anyone reading this will be successful in life..
Success to everyone! Yes!
How did you come up with $23,500 from the $500k portfolio?
I hope to meet you guys one day, big fan of the family!!
Aww, thank you so much!!!
I’m new to this can y’all explain why or what made y’all invest into these accounts? How do you find a good stock or what do you look for in a stock that is worth investing in?
Hello, teachers! I'm already registered your class! :)
I have a doubt: when I calculate the contribution to my portfolio, I set an amount per month.
Later, in some simulations, when I virtually played a bit more, I found that contribution per week brings in 30-40 years a more extensive portfolio size than a monthly payment.
What did I miss here? :/ I didn't get it!
Thanks!
Thanks for watching and commenting! I'm not sure if I understand you question correctly. Is it when you do investment simulations, after 30 or 40 years, you have more than the size of your monthly payment? If that's the case, keep in mind that your portfolio has to pay for your annual expenses. But, even so, even if you invest for 30-40 years before pulling it out, it's very possible that your portfolio will grow much larger than a 4% withdrawal rate! :)
I so appreciate the content! Is this portfolio in a taxable brokerage account? Is it better to hold ETF's in a taxable brokerage account or doesn't it matter?
I would like to know also. I get so confused sometimes.
Great question! We actually have a video on the type of investments that go best in tax advantaged accounts and those that are better for traditional brokerage accounts. Here is the video: How We Reduce or Avoid Taxes With Tax Efficient Investing | See Our Portfolio (Ep. 5) - ruclips.net/video/zx7r9QbOunM/видео.html
@@OurRichJourney Thank you!
Just opened up my fidelity brokerage account. I plan to invest 5k and the do 800 a month . I will invest in all the ones you mentioned. And I will invest in REITS using my retirement account
Thank you and Thank you so much for your RUclips channel and your courses. I just completed your course. It was very easy to understand and well thought out. Too bad I am old for the FIRE movement. I will pass the knowledge to my young daughter and any young person willing to listen. The course really helped me realize I need to work on improving my emergency fund situation and then invest in something conservative. You are changing life and mindsets. Much appreciated and good luck with your continued success!
Aww, thank you for the kind words! Glad to hear that you're focusing on improving your emergency fund, that you understand your risk tolerance, and that you're going to be passing on your knowledge to your daughter . . . creating generational wealth!!!
What Is The FIRE Movement????
What Else Did You Learn???? Please Teach Me, Thanks!!!!
Your wife is very intelligent.
Thanks? LOL!
I have a question. Is it better to put for example $500 in one company a month or break that $500 up and spread it through? For example, instead of putting $720 in FZROX, you would put $300 in FZROX, $200 in the FZILX and the $220 FSRNX?
just buy an index fund
@@hulkman4004 already have that
@@venettatucker4 if you all ready have that then yes you can buy those stocks.
The main is just start investing monthly. Thanks to fractional, you should be able to do 500 and spread it amongst all three. But if you can do the entire you posted... do that.
Hi, that's what I did to my investment account. It's currently up to 7,200. That gives me $600/monthly passive income without knowing it 😂. I only make a minimum but I'm close to getting $100k soon 🙏 just keep going!
Great video, thanks for sharing! I’m wishing you big gains. Do you think you’ll be doing house flipping in Portugal with all your extra free time?
Thank you so much!!! About house flipping . . . I think we have to recover from doing the renovations on this house first! LOL!
Thank you! GReat video, Would of liked to hear why you chose those particular invetments.
You should put your portfolio in etoro so that people can copy it and you can earn up to 2% of AUM
We wouldn't want anyone to copy us! We're all about people learning to invest for themselves! :)
I was wondering what your advice is in terms of when to invest in those same index funds and ETFs with Fidelity? Currently in March 2023, three banks of gone bankrupt in the US and stock market is decreasing everyday. I have 70 K cash I saved and am ready to invest but I was wondering if I should wait a month and see if the recession crash happens? This would make it cheaper to buy for me than invest all that money now. What is your advice?
When you receive dividends, even if you re-invest, you have to pay taxes on those dividends, correct? Also, you guys look very young. Did you have to pay penalties to start receiving dividends on your retirement funds; IRAs and 401Ks or are you still holding off on those?
I'd love some advice we have a 1 million dollar home which we have 500,000k equity in. It's our dream home with some land too and would like to keep it long term. We have approx 5k in crypto and 5k in shares. With higher interest rates we can save very little eg $50 week currently. What would be best way to move toward fire. Pay off mortgage or invest or both. Not sure how to increase our income at this stage but we are trying.
Just wondering what kind of account your fidelity account is? IRA? Just a normal brokerage account? Thanks
Which regulated exchange do you guys use? Have you used the lighting network? Do you think it could help Bitcoin, Forex and stock scale? Let me know!
Because there is a great deal of content that we're not getting that is available.
Im quite new to this… i dont understand something in the video…you say the growth through capital gain is the main way of you making money. So when you say you reinvest what you generate into the same 3 funds, are you talking about dividends reinvestment or you sell some of your shares to buy some more and get a capital gain ? Thanks for sharing your journey !
potentially you can do both
sell off part of a portfolio eg bonds and buy more stocks to re balance
invest dividends
You two are so like minded and practical. All your videos are interesting .😊
Just wondering if this video is your Brokerage account ? If it is, how do you deal with taxes ? Thanks !!
Thank you for your informative videos. What are your thoughts on investing in the s&p 500 alone? For the long term, 10/20 years. Will this be a good move?
Despite his legendary stock-picking abilities, Warren Buffett remains a staunch supporter of index funds. He favors them over most other investing options.
The Oracle of Omaha even said he’s instructed the trustee in charge of his estate to invest 90 percent of his money into the S&P 500 for his wife after he dies, Buffett told CNBC’s Becky Quick in an exclusive interview on “Squawk Box” on Monday.
“There’s been no better bet than America,” he says.
Here’s why Buffett’s favorite investment can be a smart choice for almost anyone, especially those who are new to the market.
Hello! I have been following you months ago after my cousin talked about you. Where are you getting the $1200 you are investing monthly? Is it from another investment account?
My co worker who motivated me in this journey still a newbie. But has stated too me too invest in index funds that's what I'm trying too do and plus you can put an amount you can afford. ETF are more expensive but in time will invest in those. I have Schwab brokerage account. Any ideas? Thanks for video still learning as a little guy
There are a lot of good ETFs and index funds with Schwab! It just depends on what you're overall goal is. Keep your eye out for fees! :)
Excellent video Team. Thanks for sharing.
Thanks so much Will!!!
Any advice as to how to do this in the UK? I’m a minimum wage earner so is this even possible
Is this in a taxable account?? Can you speak to the tax implications if it is? I thought REITS should only be in non taxable accounts.
Would be great if you did a video for Europeans and the investment opportunities on this side of the world?
where in europe?
Are you buying these Index funds via Brokerage account under an LLC or you by only on your IRA?
I just love her face. So adorable 😊
So sweet of you! Thank you!💕
I love your videos. Did you buy these stocks on your name or under a LLC?
I was wondering how so much of your income was based on growth, then I saw the date of the video! I need to catch up on how it’s going for you now that things have gotten so much rockier.
I love this video. What is a fool proof way if i only just have 5000 without any more to invest?
Salute for looking out for the little guys
Thank you very much for your information and l'm very glad to subscribe to our rich journey, l know you speaking Portuguese now muitu obrigado
Thank you for subscribing Teofilo! 😃
thank you for the video. ideally. capital gains when you hold the stock is not income you can live off month to month basis right ? only dividends payouts are actual payouts to live off on month to month basis.
Thanks for watching! You live off the capital gains when you sell. :)
I watch your video on ABC TV news show talking about how to retire early.
daddy got hops
Question although I have a index fund with vanguard, can I also open a Index fund with fidelity? I'm I allow to open another index fund even if I have one open in another brokage..?
the reason I'm still watching your videos is because of the simplicity of your explanation, thank you for sharing this with us. more power.
That is so great to hear! Thank you!!!
Here is +1 👍for you well educated content creators!
New to your page. Very excited to learn more. Thanks
Thank you for your new video! Amon, is this one of your new t-shirts from NYC? 😉🗽
You noticed!!! LOL! Yes, it was one of the shirts from NYC! 😁
I don't know why but I understand things more when you guys explain it but with others I dont and it doesn't sink in... good job!
Thank you! Glad the videos help!!!