Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $800K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
You are not behind at all. Never compare yourself to anyone else. Only you know what you have gone through to be where you are. Just figure out what your "enough" is, and start your journey. No comparisons - just start!
This is such a wonderful video. There are just a few key items missing like, about how much she makes, how much she's investing regularly into these properties at once, does she have investors helping her and if so how did she go about finding them, and what type of credit you have to have to start investing in property.
All the best--you have put in the time and the work--SUCCESS! Since you do not use a management company, do you have any problems(before Covid)collecting rents? Thanks, CNF
Money is an issue that everyone has for a better and luxurious life, life was hard for me until I started trading Bitcoin and now earning $22,000 per week
same here I earn huge weekly profits of $16,443 on my Investment since i started trading with Mrs Mitchell Roland, her trading strategies are top-notch
As a first time investor, I started trading with Mrs Mitchell Roland with just a thousand bucks now my portfolio is worth $16,650 within just weeks of trading with her
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.
My CFA “Gertrude Margaret Quinto” 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
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!.
she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.
This lady is a person I would love to have as a friend, smart, thoughtful, humble and realizes that the most important things in life are not bought!! Well done ma'am!!
When she shared that she was excited about getting to a net worth of zero, it was such a great reminder to celebrate the milestones!!! Everyone starts in different places and getting out of debt is such a huge accomplishment on the journey towards financial independence!
It was a huge moment for me too! I told friends and eventually told everyone. At first, it felt embarrassing to admit that our four collective degrees (me/my husband, both a BA and MA) had us in over $100k of debt, even with lots of scholarships and working through college. I later realized our friends and family got really excited with us and were so proud that we had put our minds to it for so long (2008-2020) while raising little kids. I loved hearing this woman talk about that moment for her to. This is such an inspiring interview!
@@shaunaleessnackidies No doubt, I do give her all the accolades but if you want to start building off you should get a Fiduciary that's all I'm saying. Guidance is better than speed
The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. Get an financial assistant
I'm 48years old with no retirement plan yet, any suggestion on accumulating a mill!on dollar portfolio with 12_18 months ? I have currently saved a capital of-$225k
@@charlottelawson3548 Don't try trading by yourself, you're gonna loose alot. I speak from experience. I trade with Jeannette Michelle Monroe. My last trade yielded profit of about $30k in just 7days .
Sylvia’s amazing and should continue to make choices based on her own imagination and goals. If she chooses to start a family, great. If not, she’s smart and wise and will have a great life.
I will be retiring in 3 months.27 years in nursing in ny.Iam done.Thankgod I don't have any debt.I wanna buy a rv in just live in it,in travel.Iam tired.Goodluck too you 💞💞💞💞
Her gratitude attitude and humble spirit is what makes this young lady successful. Very financially savvy! Congrats and God speed with all of your endeavors!
Starting early is the best way of getting ahead to build wealth, It's such a pity most folks spend more and invest less while intelligent people always try to harness any investment opportunity not minding the risks involved.
Not all passive income investments are created equally. The stock market may seem like a safe bet, but might end up declining in value depending on the whims of the market.
@@rohitmajumdar1579 Superior fundamentals and technical action, and buying at the right time, are all part of the process to succeeding in the stock market
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 March/April 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.
Be it a crash or rise the financial markets will always have lucrative means for folks to earn decent payouts. I’m just being inquisitive? how are you yielding gains
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
You are right she too what she had and made moves. She had education and a degree. New Orleans wasn't working for her anymore and she knew enough to know she didn't want to pay taxes if she didn't have to so she picked Washington state. She picked a city that has so much to offer. Lived on a tight income and saved with an eye for investing in a way that made it possible to lean on the income when ready and needed. Now she doesn't have to worry or chase money. She can go on and find the joy in life.
As an African-American, this is great for our community to see a different version of Americans living. You don't tap into the trendy living trends, all you need is basics and to think long-term for your retirement!
If you were born in America your not an African American your just American. Your african decent is generations back. You dont hear or see Caucasians saying European American do you?
…… schools should show/teach this kind of content as early as Junior High. (Required & not elective) Not all parents teach this kind of financial literacy to their children. Way 2 GO Sylvia 🔥
Yes they should. My high school has Money Management and Career Planning classes as electives only, I took them and learned a ton of valuable information early on.
@@castrollucas9500 I'm diversifying my portfolio and recently I added crypto to my altcoin portfolio because of the recent dip in price I would say "crypto is like betting with your money and it's a sure win for you".
@@keithalan9559 You won’t be won't bothered if you trade with a professional like Mr Charles patrick who understands the markets like it's their own farm and make maximum profits for the investors.
@Benjamin Wesley Expert Charles Patrick is a life saver. I was at a point not losing my mind because of the depression of poverty, but then I did as she ask and now I'm making $8k weekly.
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
@@fitnesspoint2006 You are missing the point. She never said she would not do anything useful for the rest of her life. But now she has the freedom to give herself to her life's passion work...whatever that may be. Why not celebrate her victory, particularly as she has achieved something her ancestors could never dream of??
Retired with a 7 figure portfolio and Receiving about $53k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy actually calms me down. Eye on the prize, stay the course!
Dividend investing is great, just be patient. I went from making enough passively to pay for my netflix and hulu to now making enough to cover half of my mortgage. Not commenting this to brag, just to give hope to anyone who is discouraged by tiny gains in the beginning.
what route did you take? how can one invest more efficiently? help. sounds like you got something going for you. I am new at investing and really want in.
Recently I got into the financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. hoping to get to your level someday.
Maybe she doesn't care about cars and needs basic transportation to get around. She may spend more money on something else (fashionable clothes, shoes?) instead. Not sure what the car has got to do with how one decides to spend the money. If someone drives a Lexus and buys clothes from Goodwill, so what?
Yes, it is. I bought my 2012 Dodge Avenger 9 years ago paid off from the auction. Til’ this day, I have the same car and people are constantly asking me to get a brand new car. I always tell them, I am enjoying my paid off car because I don’t have to worry about a car note every month 😌. Thank God!
She’s sweet! As someone who was forced to start from scratch, I appreciate her plan and the notion of “enough.” I hope we all have enough, and are able to recognize it when we get there! I’m almost there, and I’m not sure what to do next!!!!
It took years, until I realized I have reached enough, and felt strange shifting from saving to spending. It took several months for me to get used to it. I took out more than I needed from my 403b, and save the unused portion in a simple savings account for emergencies.
I like how she includes her nieces and nephews in her definition of legacy. Just goes to show that even without kids of her own she can plan for future generations.
@Lovely_Day Don’t you think that would send a message to her nephews that she doesn’t love them. You can’t give to one and not the other. How would you like that?
@Lovely_Day I’m glad I’m not your nephew. You would leave money for my sisters and not me. Knowing my sisters, they would share it with me anyway because they know Aunt Lovely Day is a wackadoo.
@@me-lg1yw Who cares about the boys? I don't. I am leaving ALL my assets to female family and organizations to help WOMEN. Men can figure it out on their own. They are Men after all.
her early struggles in life is what have shaped the person she is now. You give her excessive resources early on, you rob her of experiences that shaped her. why warren buffet and B gates wouldn't leave everything to their heirs.
@Millennial Master Diet Haggard looking? Jeez... I bet you could only wish to look as good as her when you reach her age. And even if that were to be true, better to be haggard looking, have enough to retire at age 42, even have money to give back to others (independent of who the “others” is... and who said having children is necessarily the ultimate goal in life? If you have children but you have a putrid soul and you’re raising terrible people, how much are you contributing to society? Really?), travel and live happily in the decades to come than have a jealous, petty and haggard soul like yours may seem. I hope I’m wrong? But if I’m right, I hope you can do better. But start from the inside because what you write up there was just horrible.
@Millennial Master Diet And PS: If you need someone to call Mom in order to be happy, or even think a property should have the same emotional equivalence a mother has, then please, get into therapy ASAP just so you can at least understand what is wrong with your analysis/statement/or whatever that was supposed to be. Lastly: A property (that you pay for heating, wether owned or rented), Yes. It literally keeps you warm.
Solid video. I think everyone should make it a priority to investing in assets (a business, stock, real estate, Crypto, side hustles) I don't hate anyone working a 9 to 5 job but financial freedom does not come from living and dieing off of one stream of income. Agree?
I agree having a multiple streams of income allows one get different cash flow, but finding the right assets to invest in is a little challenging and confusing
Big truth is just that the awareness for passive incomes isn't viral. So many folks still lack knowledge therefore fully relying on the 9 - 5 for wealth accumulation
Very factual I'm glad I got insights at a very young age, from working grave shifts I now own a super car and I'm proud to say investments really boasted my finances...Paychecks would help us in living but it definitely takes more than a steady salary to grow wealth
In 2019, when I finally decided to invest some of the cash sitting idle in my savings account, I turned to the stocks, crypto and foreign exchange markets. I was a rookie investor but since then I've come a long way, I turned to experts for advise and successfully my invested cash keeps yielding profits
@@euihiroaki7330 Sincerely waking up everyday just to head for work can be stressful..tho I like my job even if I'm planing to change to another because my current manager prefers to micromanage. All I'm trying to attain is a very beautiful retirement and that's why I'm sweating over a job but honestly I'd love to invest rather than spend my cash on things that don't add to my savings, I'll be pleased if you could share me some useful info
One thing I know for sure is investments are bound to yield gains if done the proper way, currently I'm earning around $9k from stacking bitcoins and picking stocks
Monthly Budget: Groceries = $60.00. How did she do that? Even if you have no snacks and only one meal a day, that's only $2.00 for all the calories & nourishment. Is it a woman thing? Assume someone will be buying you meals? I don't get it. And her total monthly budget for transportation is $92, and $77 of that is car insurance. Again, I still don't get it. How do you operate a car for an entire month for $15? That's like filling up the gas tank four times per year. Did she work from home and grow all her own food?
My first investment of Lydia Eva kerr gave me profit over 20,000 usd and ever since then she has never failed to deliver and I can even say she’s the most sincere person I have known and also one of the professional i mentioned earlier
You don't want an old car to be your final resting place though. That old 7th gen civic (I've owned a few of them) has: no side airbags, front airbag filled with shrapnel (assuming you don't do the Takata recall), no Electronics Stability Control, no emergency braking. Basically, drive like you are made of glass. Also, with her net worth, don't cheap out on auto insurance, you wouldn't want a bad accident to set you back to zero. A car that's twice as expensive could be 10x safer.
How do you know that? Maybe she buys nice clothes? Good shoes? I think it is stupid to drive such an old car when you have so much money. Been in an accident once, I value safety. If I have so much money I would certainly drive something better. Heck, I am not a millionaire and I still drive something newer (and get clothes from Goodwill). Too many crazy people on the road and you have only one life. That means more to me than just money
My first investment with Mrs Anna gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Investing in cryptocurrency is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works, I pray that anyone who reads this become successful in life..
I’m in love with everything about this woman. Does she have an Instagram? If you read this, Sylvia, please be aware you are an inspiration. One of the most beautiful FIRE stories I heard. FIRE is a great journey! I love it! Kisses from Brazil 💋.
But her Costco tab was $155 yet in the pie chart it showed her grocery bill as $60 a month, so DEFINITELY incorrect..Lol. I could not live in such a small space for 13 years😰 My fiance would probably lose his mind🤣🤣. She’s very humble & grateful🥰
Although I’m not doing it alone, trading has proven to be more than an avenue to generate residual income for me as it turned out to be rewarding over the past months helping with my plans for retirement.
@@emmanuelameyer3344 Just as mentioned, months ago I began putting my savings into stocks and fx investment. Coming across a reliable expert, Levi Clemans has proven more than lucrative for my investments. So now I continue to reinvest. Here’s his maildrop, leave him a message if you need help.
wow, I can't believe how similar we are. I'm single black female with no kids and our financial story is identical except I'm in my 50's and I'm now semi retired. I live below my means have a high savings rate and also have rental property that creates a passive income. Debt free including mortgage on my primary residence but I have a small mortgage on my rental property. My goal is the same.....live off the rental income and let the investments grow and just have it as a fail safe as well. I don't have as many rentals but having low montly expenses means I don't require as much. I'm like you, I have four neices who I can give a good start in life.
@olufunsho Ayodele Stop being so damn judgemental.....not everyone wants to get married and birth babies. I'm really not concern with what you find acceptable. Humans get on my nerves after a few hours and I refuse to live with one let alone an entire family of humans........ I don't have any desire to clean someone's dirty ass underwear for the rest of my life nor do I have a desire to change sh***ty diapers.
@olufunsho Ayodele if marriage was about more than washing dirty underwear, than I doubt we would have a 50% divorce rate.......it ain't worth it.....especially for women who jave kids.........nawww......I'm going to pass and continue living my best life..........single. People who are miserable when single are weak and pathetic to me. If you can't enjoy your own company, why would anyone else?
@olufunsho Ayodele why do you assume I'm miserable? On never mind, I have no need in prove to a stranger that I'm not miserable.....believe what you wanna believe
I still think people and firms that buy up all theses houses to rent out hurt the economy. wish the government would do something about this huge issue
While I think this lady is very admirable and deserves all of her success (her starting budget was amazing), that was my thought as well - so many people buying up and renting family homes, taking them off the housing market. We have the same issue in Canada with housing prices skyrocketing, making it much more difficult for first-time buyers to get in the game. At least the interest rates are low for now, which helps I guess.
More Asian People need to do this. More Hispanic people need to do this. More White people need to do this (oh no he included the whites too!!!! :-O). Fk More everybody needs to do this. Everybody is oppressed in this sh1t show of a world.
This lady is my spirit animal. Take note folks: one of the biggest things that hold people back from building wealth is the ridiculous idea that if you get raises then you need to “move up in cars” when there’s nothing wrong with the car you have. Wish I could have been as disciplined as her 10 years ago. Side note…I want her to help me stretch $155 worth of groceries for 2-3 months 😮
@@taoist32 I’d probably be emaciated after a week or two. I’m 5’ 10 160 and don’t wanna go any lower. I’m doing 2 per day now and it feels like the right balance.
Hi Stefanos. The grocery budget is done by buying most food in bulk. We have Costco and a store called Winco here in Seattle. You can buy oatmeal, rice, quinoa, beans, pasta, etc. for less than $.90/lb. Fresh vegetables are relatively cheap, too. Make your own sauces by starting with the fresh ingredients. Try only buying fresh vegetables, grains and meat in bulk. I'm vegan, but you can still do it if you eat meat. Just buy a whole chicken - cook it and eat the meat. Then use the bones to make chicken stock and soup. Figure out what works for you and your diet. See what your grocery budget is after a month of only buying fresh foods and starting in the bulk section. I definitely eat 3 meals a day (plus snacks). :-)
Hold on to that car until you can't drive it anymore! My car just reached 250,000 miles still starts up when I turn the key. Stay with that budget never deviate from it. Wait, wait you mean to tell me $150 at Costo last you 2 to 3 months? Wow "Generational wealth, " doesn't get better than that.
Lol I had a Honda Accord that I drove from 2006 until 2017 it had over 320k miles I finally sold it when I had clinicals and bought a Honda CR-V paid it off and will drive that one until the wheels fall off. Some people think car payments are a necessity and they really aren’t. The Costco thing is real I buy all my paper goods, laundry detergent etc. I spend that amount it lasts about 3 mons.
@@TheOne-vf2yw the funny thing is everyone says eating healthy is expensive when it is the exact opposite (unless your buying ‘organic’). My grocery bills are $7 to $20 per week. Just depends on what you like to eat. If I don’t make a fruit and veggy smoothie, I make potato, broccoli and egg ‘stir fry’ for breakfast… it’s all super cheap. Have a meat of some sort every other night but nothing expensive. I buy eye of round in bulk and slice into portions, bag up and freeze. Make that with some rice and gravy and steamed veggie. I buy the good stuff when it’s on sale only, or the stuff discounted when it’s on the last sell by date, then freeze for later… just common sense really. The problem is people are brain washed by marketing techniques. To feel they have to go out and spend a ton of money. Most don’t know how to improvise, and THAT is a huge mistake.
@@bu5761 I mean we are vegan so we pretty much eat fruits and veggies (Organic) Yeah more expensive but not that much more. Still can't see how its only 150 for 2 to 3 months..... You say paper goods last that long. But what about day to day groceries?
@@TheOne-vf2yw idk how you can buy fresh for months at a time. Maybe canned stuff?? Vegan diet is ok, my ex was vegan so I know what it’s like. But she was crazy and even did a fast for 15 days straight with only water 😳 I think a single person can easily do $150 for that period of time. Ramon and veggies (with hot sauce), beans, fruits, potatoes go a loooong way, so many combinations. She’s pretty active so I imagine she like me and can drink a smoothie in the morning, coffee til 4pm or so, a few beers (for me 🤪) then dinner around 7pm. Good to go. Maybe a mini Baby Ruth for dessert 🤩 Paper goods? Not much of that…. only for a number 2 - use a sprayer and rag for #1 😉
was getting all excited then saw she was investing in real estate rental properties. And out of state. Sigh. Yeah this is an issue in Canada... our real estate prices are out of control due to everyone wanting to invest in rental properties.
Certainly easier to deal with Covid-19 non-paying tenants when you are an attorney and know how to apply the law. I think I would be wary of buying rental property right now unless I had a huge emergency fund.
The pandemic taught/showed us who would make good tenants. All healthcare workers, first responders, frontline workers. They worked worked worked and are still working. We never stopped working. I am sure there are plenty that should qualify to be a sound and stable Candidate.
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
6:12 This is so disingenuous. A home equity loan is NOT free money. This was not a cash purchase. Otherwise, good for her. My take-away was the line; "I have always had a good idea of Enough."
A HELOC can be free money. If you pull out equity from an investment property, and the cash flow from the property also covers the HELOC payment, and you use the HELOC to buy another cash flowing property...................it certainly is free. Not only that, but you can write off the interest
@@harrychufan in terms of acquisition, using a HELOC to buy another home, the deal is considered a cash deal in terms of the transaction. The transaction can be completed with filling out a check from the HELOC. No appraisal, no mortgage committment needed, etc.
@@harrychufan "ALL CASH OFFER" means you can pay them right away (and "right away" might still be like a week) instead of waiting 30 days for a conventional loan to close. They could care less how you got the cash. If it's from other loans/etc.
I restarted rebuilding from almost zero in my early 30s. Life’s low let you reevaluate what is important. I Had two life defining events in past 25 years and both inspire me look for an alternative plan and I also came across FIRE ~15 years ago. I believe I definitely achieve the FI many years ago but RE is totally my choice since I have a job I still enjoy. She is very young and she will definitely achieve it even with additional set backs because she has a plan, focus and intelligence. Her spending is surprisingly low and her saving is extremely high!
400 sqft for 208k???? In Texas (or in the south or midwest) you can get at least 1500 sqft. Housing here is anywhere from 100/sf- 130 sf for entry level homes in the suburbs. Yikes.
I find these videos worthless, no specifics, how much does she have in her accounts, what is the positive cash flow from the rentals, how are the rentals managed in another state, what about healthcare cost. I live in the cheap state of Texas ( Texas is not cheap) and pay $9500.00 in property taxes, $2100.00 home insurance, hoa fees, total around $12,500.00 before I pay my mortgage. When I see videos like this it means nothing to me because it has no facts.
Each property currently cash flows between $450 and $500/mo. They were all purchased off of the MLS. Health care is through the ACA. My bronze HSA plan has a premium of $290/mo through the Washington marketplace. I do not receive any subsidies for health care. Texas and Illinois have low property costs but very high property taxes and insurance. It's why I don't have rental properties there even though I love Chicago, Dallas and Houston.
Excellent storey. Investing In rental properties is definitely the key to reach FIRE sooner because you can use leverage on a stable asset. Real Estate is what got me to retire at age 28.
The tax treatment of rental properties is what makes this work. It is not without downsides to the wider community however which is why in the UK the tax treatment has been tightened up to make it fairer to the community all round.
People who retire early typically save a lot more than they spend. They live well below their means and don't buy things that don't add value to their lives... eg.. $300 wallets, $500 shoes, etc
I retired 20 years ago at 45. I was a software engineer but I did not have a pile of cash. At times I had less than $15k. What I've done is live frugally. I like gardening, writing software and remodeling homes. I buy a dump house in good areas. Live in the house and slowly improve the landscaping (a hobby) and slowly remodel the house doing all the work myself. Instead of going to a gym I swing a hammer. I sell the house about every 5 years. The first $250k of profit is tax free. I've had income over these 20 years under the tax filing limit so I don't need to file tax forms. Then I buy another dump. During the 2008 crash I did get caught with 2 houses and had to rent for several years. Here's the thing about rentals...are you actually retired or have you just switched jobs to being a landlord? It's the same with investing in stocks. I suck at stock investing and I don't like it. I don't want my new career to be landlord or stock investor. I'm getting my Phoenix home ready to sell in the spring of 2022. I should net just under $500k. Then I'm moving to the Philippines where I'll probably do the same thing because it's fun. Only there I'll buy land and build because I have the skills and labor is cheap (carpenter = $10 per 8hr day). There I will build rental units for foreigners to rent as they pay more and I understand what kinds of units they like. I can hire out the management. Or maybe I lay in a hammock. I have no need to take social security until I'm 70 so my total monthly income should be $4-5k. That goes pretty far in the Philippines...but might move to Malaysia. Getting a pile of cash is only one way to retire. To me skills gave me more security. I knew I could always go back to writing software for a salary so I felt safe. I could always pick up work creating landscapes, home remodeling. A funny thing happens when you have basic needs covered, you don't have to work 40-80 hrs / week just to stay a float. You can do jobs you enjoy for less money, less pressure. It's more fun.
You cannot buy a property/land in the Philippines unless it's under a corporation what you can buy is a condominium. Good luck with your retirement tho.
At 5:50 she says she doesn't have to worry about sstaxes on rental income. Dont you have to pay social security taxes on ALL income? What am i missing? And i think I totally messed up when i owned a rental years ago. I don't remember depreciating anything. And i think i paid taxes on income including the 15% soc sec. Not sure where i missed that benefit. And the 250k tax free? (Mind blown). i sold my property after 10 years. Does the 250k apply to this? If so i need to contact the IRS asap.
You ever notice how in these videos it's always very high income earners who retire early and they are also the ones that are involved in the F.I.R.E. movement? Ever wonder why you never hear about any low income/minimum wage fast-food or retail workers retiring at under 30 years old with over a million dollars saved? It's because they don't exist. Your income is the most important factor determining whether or you can retire early and rich.
Ahhh yeah. The benefits of not building a traditional life. No spouse. No kids. No braces, clothes, birthday gifts etc to buy. No responsibilities other than for yourself Just live like a college kid your entire career and you’re all set.
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Wow! Stumbled over here on the same Genevieve Glen Rodgers, which my colleagues at work always attest to her great experience in lnvestment. Good deeds they say, fly easily..... Genevieve is great!!
Passing on your financial wisdom to your nieces and nephews would most likely be10 fold greater then leaving them a stack of cash. Nice job by the way......
She is so beautiful. We just downsized our cars from two to one. We cooked a lot but we can't manage to $300 spending a month/person. I love when she said she focused more on the "FI" instead of the "ER". Financial independent is something we should dream of, not thinking about early retirement when we are upgrading our cars constantly.
Living frugally is not my definition of retirement. I can do that right now, but I want to go on a vacation every month and travel the world with my wife. The true estimated net worth for that lifestyle, I calculated, is about $10M.
$60 a month for food? $2 a day? Obviously she won't be living "tax free", especially in a state that has no income tax. States that have no income tax, like Texas, have to raise their taxes through unusually high sales and property taxes - in other words they tax middle class and working people more than the wealthy, as in Texas.
![Cody Johnson - I'm Gonna Love You (with Carrie Underwood) [Official Music Video]](http://i.ytimg.com/vi/yy9PuYMU29g/mqdefault.jpg)
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $800K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
This woman is such an inspiration.
My inspiration! I'll be 42 this month. I feel so behind 😪
Just keep putting one foot in front of the other.
It’s never too late!
42 is still quite young - I feel its really young to retire but if you can, go for it!
Start now or else you’ll be 52 in the blink of an eye and wishing you did 10 years ago.
You are not behind at all. Never compare yourself to anyone else. Only you know what you have gone through to be where you are. Just figure out what your "enough" is, and start your journey. No comparisons - just start!
I need her to do a grocery haul video I always struggle with my grocery expenses 😭
Me too
Yes! How could anyone have a healthy diet on only $60/mo?! 3:07
Great job! Also, she looks like Tamron Hall
This is such a wonderful video. There are just a few key items missing like, about how much she makes, how much she's investing regularly into these properties at once, does she have investors helping her and if so how did she go about finding them, and what type of credit you have to have to start investing in property.
This video deserves a lot more views!
❤️❤️❤️ your story. Congratulations Sylvia. 👏👏👏👏.
She’s so smart, inspiring. I hope she’s on Bigger Pockets to tell her story.
All the best--you have put in the time and the work--SUCCESS!
Since you do not use a management company, do you have any problems(before Covid)collecting rents?
Thanks,
CNF
She seems to be at peace with her life........well done.
******************* What about Health care costs when you Retire before 65 YO and Medicare? *******************
Yeah, they never seem to think about that until an actual emergency pops up.
Money is an issue that everyone has for a better and luxurious life, life was hard for me until I started trading Bitcoin and now earning $22,000 per week
same here I earn huge weekly profits of $16,443 on my Investment since i started trading with Mrs Mitchell Roland, her trading strategies are top-notch
wow I'm just shock someone mentioned and recommended expert Mrs Mitchell Roland
Bitcoin is on its way to the moon, it's time we join the Bitcoin community.
am winning consistently trading with Mrs Mitchell Roland
As a first time investor, I started trading with Mrs Mitchell Roland with just a thousand bucks now my portfolio is worth $16,650 within just weeks of trading with her
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.
@@ThomasChai05Could you possibly recommend a CFA you've consulted with?
My CFA “Gertrude Margaret Quinto” 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
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!.
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
She’s OLIVIA SULLIVAN FINANCIALS
she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.
She's definitely going to help you. All you have to do is look up her full name and reach out to her
This lady is a person I would love to have as a friend, smart, thoughtful, humble and realizes that the most important things in life are not bought!! Well done ma'am!!
I agree with you. She's incredible
Yes beautiful and smart
That’s exactly what I thought
When she shared that she was excited about getting to a net worth of zero, it was such a great reminder to celebrate the milestones!!! Everyone starts in different places and getting out of debt is such a huge accomplishment on the journey towards financial independence!
Ok
It was a huge moment for me too! I told friends and eventually told everyone. At first, it felt embarrassing to admit that our four collective degrees (me/my husband, both a BA and MA) had us in over $100k of debt, even with lots of scholarships and working through college. I later realized our friends and family got really excited with us and were so proud that we had put our minds to it for so long (2008-2020) while raising little kids. I loved hearing this woman talk about that moment for her to. This is such an inspiring interview!
An everyday millionaire, driving an old Honda Civic, walking around with all the joy and happiness on her heart.
ruclips.net/user/shortsFV8xNlpXQec?feature=share
Wasn't built in a day but I'll say her happiness is the purest I've seen
@@slydawwg what are you talking about
Yep! It's more common than you'd think, but yes she's very smart.
@@shaunaleessnackidies No doubt, I do give her all the accolades but if you want to start building off you should get a Fiduciary that's all I'm saying. Guidance is better than speed
Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.
thank you, can you give a pointer the best investment now ? i am thinking of getting stocks or cryto
The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. Get an financial assistant
I currently work with Tamara Diane Hagan a financial expert i met in a seminar
I recently watched Tamara Diane Hagan on TV , such a great speaker . but have you made any profit whatsoever working with her ?
I have been able to make maximum profits off my trade with $40,000 and I have amassed about $190,000 in net profit In 4 weeks
Retirement is wonderful if you have two essentials, much to live on and much to live for . Invest wisely and get good returns.
Exactly
I'm 48years old with no retirement plan yet, any suggestion on accumulating a mill!on dollar portfolio with 12_18 months ? I have currently saved a capital of-$225k
@@charlottelawson3548 My
@@charlottelawson3548 Don't try trading by yourself, you're gonna loose alot. I speak from experience. I trade with Jeannette Michelle Monroe. My last trade yielded profit of about $30k in just 7days .
@@maggieshillinger6936 that's a relief, how do I get in touch with this lady ?
Inspiring. I hope Sylvia reaches and transcends her goals. There’s a lot of life left for a healthy 42-year old.
gonna be hard if shes not eating fresh and healthy
@@BrokeAgain Please watch the video. She's doing great on the healthy lifestyle front too.
Exactly I suggest she starts a family.
Sylvia’s amazing and should continue to make choices based on her own imagination and goals. If she chooses to start a family, great. If not, she’s smart and wise and will have a great life.
Sure as long as she stays away from the clot shot
I will be retiring in 3 months.27 years in nursing in ny.Iam done.Thankgod I don't have any debt.I wanna buy a rv in just live in it,in travel.Iam tired.Goodluck too you 💞💞💞💞
thinking about an rv myself
Congratulations, do whatever will make you happy!
27 years in nursing…..girl you are my hero today. Please go get your rest. I am 1 year in and thinking about running away.
@@Abidjan-weekly stay strong, the rest of us need you!!
Thank you for your selfless service as a nurse. May you enjoy your retirement years!🙌🏿🙌🏿🙏🏿❤️
Her gratitude attitude and humble spirit is what makes this young lady successful. Very financially savvy! Congrats and God speed with all of your endeavors!
Starting early is the best way of getting ahead to build wealth, It's such a pity most folks spend more and invest less while intelligent people always try to harness any investment opportunity not minding the risks involved.
Finding the very best stocks right now isn’t as easy feat.
@Joe Robert I need more info on Dan Raziel’s services, you got any means of connecting with him?
Not all passive income investments are created equally. The stock market may seem like a safe bet, but might end up declining in value depending on the whims of the market.
@@rohitmajumdar1579 Superior fundamentals and technical action, and buying at the right time, are all part of the process to succeeding in the stock market
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 March/April 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.
Be it a crash or rise the financial markets will always have lucrative means for folks to earn decent payouts. I’m just being inquisitive? how are you yielding gains
Vivian Klaine Morgan. She is famous and has got a website. So, you can check her out online and subsequently contact her from there.
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
Absolutely one of the best videos that I have seen about someone who lost "everything" and now is an example of the possible!!!
You are right she too what she had and made moves. She had education and a degree. New Orleans wasn't working for her anymore and she knew enough to know she didn't want to pay taxes if she didn't have to so she picked Washington state. She picked a city that has so much to offer. Lived on a tight income and saved with an eye for investing in a way that made it possible to lean on the income when ready and needed. Now she doesn't have to worry or chase money. She can go on and find the joy in life.
As an African-American, this is great for our community to see a different version of Americans living. You don't tap into the trendy living trends, all you need is basics and to think long-term for your retirement!
I agree!
If you were born in America your not an African American your just American. Your african decent is generations back. You dont hear or see Caucasians saying European American do you?
This 🙌🔥
…… schools should show/teach this kind of content as early as Junior High. (Required & not elective) Not all parents teach this kind of financial literacy to their children. Way 2 GO Sylvia 🔥
Yes they should. My high school has Money Management and Career Planning classes as electives only, I took them and learned a ton of valuable information early on.
everyone go fire whos there to work?
The economic hardship, recession, unemployment and the lost of job caused by covid-19 pandemicis enough to push people to financial ventures,
A lot of people with high IQs are terrible investors because they've got terrible temperaments. You need to keep raw, irrational emotion un
@@castrollucas9500 I'm diversifying my portfolio and recently I added crypto to my altcoin portfolio because of the recent dip in price I would say "crypto is like betting with your money and it's a sure win for you".
I wanted to invest more in crypto but got confused by the fluctuations in price.
@@keithalan9559 You won’t be won't bothered if you trade with a professional like Mr Charles patrick who understands the markets like it's their own farm and make maximum profits for the investors.
@Benjamin Wesley Expert Charles Patrick is a life saver. I was at a point not losing my mind because of the depression of poverty, but then I did as she ask and now I'm making $8k weekly.
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I will advice you should
stop trading on your own if you keep losing and start trading with Mrs Sarah trading services
I lost £1200 carelessly trading on a
platform then I was referred to Mrs Sarah she recovered the loss and made an extra profit of £4600
Wow I'm just shock you mentioned and recommended Expert Mrs Sarah I thought I'm the only trading with her
You don't need to be shock because I'm also a huge beneficiary of expert Mrs
Sarah
Intelligent, beautiful, humble and wise woman.
Exactly
Why is everone looking to retire!!! So you bum around and not be useful for the next 40 years.
@@fitnesspoint2006 yep
@@fitnesspoint2006 You are missing the point. She never said she would not do anything useful for the rest of her life. But now she has the freedom to give herself to her life's passion work...whatever that may be. Why not celebrate her victory, particularly as she has achieved something her ancestors could never dream of??
She is a role model.
Retired with a 7 figure portfolio and Receiving about $53k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy actually calms me down. Eye on the prize, stay the course!
Dividend investing is great, just be patient. I went from making enough passively to pay for my netflix and hulu to now making enough to cover half of my mortgage. Not commenting this to brag, just to give hope to anyone who is discouraged by tiny gains in the beginning.
what route did you take? how can one invest more efficiently? help. sounds like you got something going for you. I am new at investing and really want in.
Recently I got into the financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. hoping to get to your level someday.
Is this in a ROTH or just a regular account? Do you pay taxes over your dividends?
Thanks for sharing how you’ve achieved FIRE!!
She is so smart. Definitely not having a car payment is huge and she has Honda, one of the most reliable cars on planet. Very smart lady.
Last forever!!🙌🏿🙌🏿
i guess i got the one lemon out there.
Maybe she doesn't care about cars and needs basic transportation to get around. She may spend more money on something else (fashionable clothes, shoes?) instead. Not sure what the car has got to do with how one decides to spend the money. If someone drives a Lexus and buys clothes from Goodwill, so what?
Yes, it is. I bought my 2012 Dodge Avenger 9 years ago paid off from the auction. Til’ this day, I have the same car and people are constantly asking me to get a brand new car. I always tell them, I am enjoying my paid off car because I don’t have to worry about a car note every month 😌. Thank God!
She is beautiful, humble, giving, and intelligent. Wishing her much wealth, growth, and happiness.
She’s sweet! As someone who was forced to start from scratch, I appreciate her plan and the notion of “enough.” I hope we all have enough, and are able to recognize it when we get there! I’m almost there, and I’m not sure what to do next!!!!
It took years, until I realized I have reached enough, and felt strange shifting from saving to spending. It took several months for me to get used to it. I took out more than I needed from my 403b, and save the unused portion in a simple savings account for emergencies.
I like how she includes her nieces and nephews in her definition of legacy. Just goes to show that even without kids of her own she can plan for future generations.
@Lovely_Day Don’t you think that would send a message to her nephews that she doesn’t love them. You can’t give to one and not the other. How would you like that?
@Lovely_Day I’m glad I’m not your nephew. You would leave money for my sisters and not me. Knowing my sisters, they would share it with me anyway because they know Aunt Lovely Day is a wackadoo.
@@me-lg1yw Who cares about the boys? I don't. I am leaving ALL my assets to female family and organizations to help WOMEN. Men can figure it out on their own. They are Men after all.
@@Childfree334 you're cringe
her early struggles in life is what have shaped the person she is now. You give her excessive resources early on, you rob her of experiences that shaped her.
why warren buffet and B gates wouldn't leave everything to their heirs.
Bonus is she seems like a decent person and even wants to leave money for others.
@Millennial Master Diet Haggard looking? Jeez... I bet you could only wish to look as good as her when you reach her age. And even if that were to be true, better to be haggard looking, have enough to retire at age 42, even have money to give back to others (independent of who the “others” is... and who said having children is necessarily the ultimate goal in life? If you have children but you have a putrid soul and you’re raising terrible people, how much are you contributing to society? Really?), travel and live happily in the decades to come than have a jealous, petty and haggard soul like yours may seem. I hope I’m wrong? But if I’m right, I hope you can do better. But start from the inside because what you write up there was just horrible.
@Millennial Master Diet And PS: If you need someone to call Mom in order to be happy, or even think a property should have the same emotional equivalence a mother has, then please, get into therapy ASAP just so you can at least understand what is wrong with your analysis/statement/or whatever that was supposed to be. Lastly: A property (that you pay for heating, wether owned or rented), Yes. It literally keeps you warm.
Solid video. I think everyone should make it a priority to investing in assets (a business, stock, real estate, Crypto, side hustles) I don't hate anyone working a 9 to 5 job but financial freedom does not come from living and dieing off of one stream of income. Agree?
I absolutely agree 💯
I agree having a multiple streams of income allows one get different cash flow, but finding the right assets to invest in is a little challenging and confusing
Agreed! I do Stocks, Bitcoin and other Crypto trading and also Amazon
@ShaniaBeauty That's because Bitcoin trading and Investments in general is profitable and pays faster than most Investments
Of course it's really profitable, I made a good profit of $28,000 with a startup capital of $7000. in my last trading I have made over $130,000
She is a beautiful human being. She's so humble.
Such a sweet spirit!
Right hard to find that now a days especially in a woman
Yes! I truly enjoyed watching her video. Calming and inspiring!
Big truth is just that the awareness for passive incomes isn't viral. So many folks still lack knowledge therefore fully relying on the 9 - 5 for wealth accumulation
Very factual I'm glad I got insights at a very young age, from working grave shifts I now own a super car and I'm proud to say investments really boasted my finances...Paychecks would help us in living but it definitely takes more than a steady salary to grow wealth
In 2019, when I finally decided to invest some of the cash sitting idle in my savings account, I turned to the stocks, crypto and foreign exchange markets. I was a rookie investor but since then I've come a long way, I turned to experts for advise and successfully my invested cash keeps yielding profits
@@euihiroaki7330 Sincerely waking up everyday just to head for work can be stressful..tho I like my job even if I'm planing to change to another because my current manager prefers to micromanage. All I'm trying to attain is a very beautiful retirement and that's why I'm sweating over a job but honestly I'd love to invest rather than spend my cash on things that don't add to my savings, I'll be pleased if you could share me some useful info
One thing I know for sure is investments are bound to yield gains if done the proper way, currently I'm earning around $9k from stacking bitcoins and picking stocks
You can search up his name
His bio should come up
Contacts and other info is all on there too
Monthly Budget: Groceries = $60.00. How did she do that? Even if you have no snacks and only one meal a day, that's only $2.00 for all the calories & nourishment. Is it a woman thing? Assume someone will be buying you meals? I don't get it. And her total monthly budget for transportation is $92, and $77 of that is car insurance. Again, I still don't get it. How do you operate a car for an entire month for $15? That's like filling up the gas tank four times per year. Did she work from home and grow all her own food?
Sounds like a single life forever to me.
I’m setting sure that some people will be kicking themselves in time to come if they miss the opportunity to make an investment today.....
So true. I’m retired and just started three months ago. I have earned $24,000 with just $9,000...
There are unprofessionals out there, but you can’t deny the fact there are still professionals out there for investors
My first investment of Lydia Eva kerr gave me profit over 20,000 usd and ever since then she has never failed to deliver and I can even say she’s the most sincere person I have known and also one of the professional i mentioned earlier
Great insight, this is really helpful at times like this
@ G Mail........ Lydia Eva Kerr........
Investing is buying yourself a better future you don't have to work hard again.
You can say that again.👍
I have archived many things in my life since I started investing.
@Goodson Thomas Real Estate investment has proven to be the best.
Real estate investment let people grow their net worth by amassing more and more properties. It is a good long term investment due to appreciation.
@Alex Stein The Crypto market has been good news, people in it are seeing a great return.
The control of this woman with her money is incredible. Kudos to her, my goal is to FIRE like her some day.
She is saving a ton by keeping that old Civic.
You don't want an old car to be your final resting place though. That old 7th gen civic (I've owned a few of them) has: no side airbags, front airbag filled with shrapnel (assuming you don't do the Takata recall), no Electronics Stability Control, no emergency braking. Basically, drive like you are made of glass. Also, with her net worth, don't cheap out on auto insurance, you wouldn't want a bad accident to set you back to zero.
A car that's twice as expensive could be 10x safer.
How do you know that? Maybe she buys nice clothes? Good shoes? I think it is stupid to drive such an old car when you have so much money. Been in an accident once, I value safety. If I have so much money I would certainly drive something better. Heck, I am not a millionaire and I still drive something newer (and get clothes from Goodwill). Too many crazy people on the road and you have only one life. That means more to me than just money
Mrs Anna is legit and her method works like magic I keep on earning every single week with her new strategy
My first investment with Mrs Anna gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
expert mrs Anna has been managing my trade for months and I keep making profit every week,made $9,130 last week
Hello.
Any one there
Please how can I reach this Mrs Anna I've already lost enough of money trading for myself
You can reach her via WhatsApp.👇
Oh sure ±➀➄➀➇➂➀⓪➁➁➁➂🇺🇸
She is sooo smart, blessed and appreciative of the blessings given to her, this was inspiring, u girl go...
She's cool, I like that she broke down that you, "don't have to be an attorney."
Investing in cryptocurrency is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works, I pray that anyone who reads this become successful in life..
Many of us don't know where to invest our money so we invest it on wrong place and to the wrong people
@@depeng1227 Talking about been successful. I know I am blessed if not I wouldn't have met someone who is as spectacular as Mrs Pamela Kay Weaver.
For trading aspect I don't panic I earned maximum profit investing every week through the help of Mrs Pamela Kay weaver,I really think she's good
I'm a living testimony of expert Mrs Pamela Kay she has levelled up my financial status. All thanks to my cousin who introduced me to her.
Mrs Pamela Kay Weaver has changed my financial status for the best. All thanks to my COUSIN who introduced me to her
Sylvia you are beautiful! This story was amazing and made my heart so full! You're such an inspiration! Great job!!!
What a beautiful human being
We need Graham Stephan to react to this vid!!!!
Yes
actually he can make like more than 100k by making a reaction video of this, his pay rate per minute is 11USD
This is one incredible lady. Congrats, Sylvia! You're pretty inspirational.
she seems like a genuinely wonderful person; happy for her
I’m in love with everything about this woman. Does she have an Instagram? If you read this, Sylvia, please be aware you are an inspiration. One of the most beautiful FIRE stories I heard. FIRE is a great journey! I love it! Kisses from Brazil 💋.
Focused people like her don’t tend to be on social media.
@@thekulture5168 unlike us… 😢
@@UnCannyValley67 el oh el .. or her Instagram is a small account where she only interacts with family and friends
She spends virtually nothing on food or gas....interesting. I'm glad she's saving and investing almost as much as her debt repayment. That's great
But her Costco tab was $155 yet in the pie chart it showed her grocery bill as $60 a month, so DEFINITELY incorrect..Lol.
I could not live in such a small space for 13 years😰 My fiance would probably lose his mind🤣🤣. She’s very humble & grateful🥰
@@lorrainea.285 she said the Costco haul would last 3 months
$60 was also her grocery bill from more than a decade ago. With inflation, it makes sense to be a little more now.
Amazing what priorities, goals and plans to reach them can do! Congratulations! These things should be taught in schools and at home at an early age.
Although I’m not doing it alone, trading has proven to be more than an avenue to generate residual income for me as it turned out to be rewarding over the past months helping with my plans for retirement.
Wanting to get into the market myself but I have no knowledge of it and how is it that you’re earning ma’am?
@@emmanuelameyer3344 Just as mentioned, months ago I began putting my savings into stocks and fx investment. Coming across a reliable expert, Levi Clemans has proven more than lucrative for my investments. So now I continue to reinvest. Here’s his maildrop, leave him a message if you need help.
@@emmanuelameyer3344 Leviclemans(a)Gmai
Lcom...Is he taking commissions for trades? Yes, I’m I still making money in the process? Hell yes!
wow, I can't believe how similar we are. I'm single black female with no kids and our financial story is identical except I'm in my 50's and I'm now semi retired. I live below my means have a high savings rate and also have rental property that creates a passive income. Debt free including mortgage on my primary residence but I have a small mortgage on my rental property. My goal is the same.....live off the rental income and let the investments grow and just have it as a fail safe as well. I don't have as many rentals but having low montly expenses means I don't require as much. I'm like you, I have four neices who I can give a good start in life.
@olufunsho Ayodele Stop being so damn judgemental.....not everyone wants to get married and birth babies. I'm really not concern with what you find acceptable. Humans get on my nerves after a few hours and I refuse to live with one let alone an entire family of humans........ I don't have any desire to clean someone's dirty ass underwear for the rest of my life nor do I have a desire to change sh***ty diapers.
@olufunsho Ayodele if marriage was about more than washing dirty underwear, than I doubt we would have a 50% divorce rate.......it ain't worth it.....especially for women who jave kids.........nawww......I'm going to pass and continue living my best life..........single. People who are miserable when single are weak and pathetic to me. If you can't enjoy your own company, why would anyone else?
@olufunsho Ayodele why do you assume I'm miserable? On never mind, I have no need in prove to a stranger that I'm not miserable.....believe what you wanna believe
@olufunsho Ayodele She's got her stuff together, doesn't need to depend on another person bringing home the bacon. True independence!
Men managed to build a world that allows an artificial equality between the sexes and now women think they don’t need men. It’s sad.
If humility and gratitude had a baby. Its this woman.
You are one smart human💟☮️
Congratulations Sylvia! You are remarkable.
I still think people and firms that buy up all theses houses to rent out hurt the economy.
wish the government would do something about this huge issue
In what way are they hurting the economy?
@@cryptoenthusiast4999 This is happening in Canada and UK. Foreign investors with a lot of money. It drives up prices artificially.
While I think this lady is very admirable and deserves all of her success (her starting budget was amazing), that was my thought as well - so many people buying up and renting family homes, taking them off the housing market. We have the same issue in Canada with housing prices skyrocketing, making it much more difficult for first-time buyers to get in the game. At least the interest rates are low for now, which helps I guess.
Yes! More black people need to do this. Please! We don’t need to be the oppressed group anymore. Educate yourself about finances
If you do not think as a victim, you will not be a victim. Don't listen to those talk you down. We can do it !
Amen!
More Asian People need to do this. More Hispanic people need to do this. More White people need to do this (oh no he included the whites too!!!! :-O). Fk More everybody needs to do this. Everybody is oppressed in this sh1t show of a world.
@@ntf81 🤔🤔🤔
Well, we are.
This lady is my spirit animal. Take note folks: one of the biggest things that hold people back from building wealth is the ridiculous idea that if you get raises then you need to “move up in cars” when there’s nothing wrong with the car you have. Wish I could have been as disciplined as her 10 years ago. Side note…I want her to help me stretch $155 worth of groceries for 2-3 months 😮
Eat one meal a day
@@yvonneoy3124 🤣🤣
@@stefanossmitty3318 Why not? It works for a lot of people. You don’t have to starve on one meal.
@@taoist32 I’d probably be emaciated after a week or two. I’m 5’ 10 160 and don’t wanna go any lower. I’m doing 2 per day now and it feels like the right balance.
Hi Stefanos. The grocery budget is done by buying most food in bulk. We have Costco and a store called Winco here in Seattle. You can buy oatmeal, rice, quinoa, beans, pasta, etc. for less than $.90/lb. Fresh vegetables are relatively cheap, too. Make your own sauces by starting with the fresh ingredients. Try only buying fresh vegetables, grains and meat in bulk. I'm vegan, but you can still do it if you eat meat. Just buy a whole chicken - cook it and eat the meat. Then use the bones to make chicken stock and soup. Figure out what works for you and your diet. See what your grocery budget is after a month of only buying fresh foods and starting in the bulk section. I definitely eat 3 meals a day (plus snacks). :-)
Hold on to that car until you can't drive it anymore! My car just reached 250,000 miles still starts up when I turn the key. Stay with that budget never deviate from it. Wait, wait you mean to tell me $150 at Costo last you 2 to 3 months? Wow "Generational wealth, " doesn't get better than that.
That’s what I want to know too. I feel I’m pretty frugal. But $150 at Costco doesn’t last 2 weeks and I live in seattle area too
Lol I had a Honda Accord that I drove from 2006 until 2017 it had over 320k miles I finally sold it when I had clinicals and bought a Honda CR-V paid it off and will drive that one until the wheels fall off. Some people think car payments are a necessity and they really aren’t. The Costco thing is real I buy all my paper goods, laundry detergent etc. I spend that amount it lasts about 3 mons.
@@TheOne-vf2yw the funny thing is everyone says eating healthy is expensive when it is the exact opposite (unless your buying ‘organic’). My grocery bills are $7 to $20 per week. Just depends on what you like to eat. If I don’t make a fruit and veggy smoothie, I make potato, broccoli and egg ‘stir fry’ for breakfast… it’s all super cheap. Have a meat of some sort every other night but nothing expensive. I buy eye of round in bulk and slice into portions, bag up and freeze. Make that with some rice and gravy and steamed veggie. I buy the good stuff when it’s on sale only, or the stuff discounted when it’s on the last sell by date, then freeze for later… just common sense really. The problem is people are brain washed by marketing techniques. To feel they have to go out and spend a ton of money. Most don’t know how to improvise, and THAT is a huge mistake.
@@bu5761 I mean we are vegan so we pretty much eat fruits and veggies (Organic) Yeah more expensive but not that much more. Still can't see how its only 150 for 2 to 3 months..... You say paper goods last that long. But what about day to day groceries?
@@TheOne-vf2yw idk how you can buy fresh for months at a time. Maybe canned stuff?? Vegan diet is ok, my ex was vegan so I know what it’s like. But she was crazy and even did a fast for 15 days straight with only water 😳 I think a single person can easily do $150 for that period of time. Ramon and veggies (with hot sauce), beans, fruits, potatoes go a loooong way, so many combinations. She’s pretty active so I imagine she like me and can drink a smoothie in the morning, coffee til 4pm or so, a few beers (for me 🤪) then dinner around 7pm. Good to go. Maybe a mini Baby Ruth for dessert 🤩 Paper goods? Not much of that…. only for a number 2 - use a sprayer and rag for #1 😉
Losing everything because of that hurricane and yet she came back up. What an inspiration. Congrats, Sylvia!
As she started telling her story I thought, a smooth transition. As soon as I had that thought....
I’m on track to live like this, except I have 3 kids in tow. A little more challenging but very do able.
Honda and Toyota last foreverrrrrr no cap!!! Keep that oil changed.
Hyundai's do too
@@CWTGD no cap
This was really good congratulations to Sylvia on her FIRE!!!
was getting all excited then saw she was investing in real estate rental properties. And out of state. Sigh. Yeah this is an issue in Canada... our real estate prices are out of control due to everyone wanting to invest in rental properties.
It is the same situation in the U.S.
Certainly easier to deal with Covid-19 non-paying tenants when you are an attorney and know how to apply the law.
I think I would be wary of buying rental property right now unless I had a huge emergency fund.
6:42
The pandemic taught/showed us who would make good tenants. All healthcare workers, first responders, frontline workers. They worked worked worked and are still working. We never stopped working. I am sure there are plenty that should qualify to be a sound and stable Candidate.
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
@Keilzuu I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership.
@Keilzuu .You can connect with her on what'saap
÷ ❶❼❽❶❷⓿❽❽❼❹❼
She is Brenda McLean, one of the reputable few professionals around
I've come across reference to Brenda McLean a couple times here on RUclips and Investopedia, I'm reaching her this time.
6:12 This is so disingenuous. A home equity loan is NOT free money. This was not a cash purchase. Otherwise, good for her. My take-away was the line; "I have always had a good idea of Enough."
A HELOC can be free money. If you pull out equity from an investment property, and the cash flow from the property also covers the HELOC payment, and you use the HELOC to buy another cash flowing property...................it certainly is free. Not only that, but you can write off the interest
@@jgg204 That is a lot of twists and turns, but sure I see your point
@@jgg204 yeah but it says CASH, it most certainly is not cash, it’s financing.
@@harrychufan in terms of acquisition, using a HELOC to buy another home, the deal is considered a cash deal in terms of the transaction. The transaction can be completed with filling out a check from the HELOC. No appraisal, no mortgage committment needed, etc.
@@harrychufan "ALL CASH OFFER" means you can pay them right away (and "right away" might still be like a week) instead of waiting 30 days for a conventional loan to close. They could care less how you got the cash. If it's from other loans/etc.
This woman is so grateful, no wonder she’s so blessed 🥰✨
Resilience and determination.
In love you already sister. I will be following the process.👍🖤
groceries $60/mo. Yeah, sure
The budget is not real. Look at that Costco receipt.
I think the budget was from 2009.
I restarted rebuilding from almost zero in my early 30s. Life’s low let you reevaluate what is important. I Had two life defining events in past 25 years and both inspire me look for an alternative plan and I also came across FIRE ~15 years ago. I believe I definitely achieve the FI many years ago but RE is totally my choice since I have a job I still enjoy.
She is very young and she will definitely achieve it even with additional set backs because she has a plan, focus and intelligence. Her spending is surprisingly low and her saving is extremely high!
She is so wise and wonderful in her thought processes toward financial independence. Happy for her, quite inspiring.
400 sqft for 208k???? In Texas (or in the south or midwest) you can get at least 1500 sqft. Housing here is anywhere from 100/sf- 130 sf for entry level homes in the suburbs. Yikes.
But it’s Texas…
I find these videos worthless, no specifics, how much does she have in her accounts, what is the positive cash flow from the rentals, how are the rentals managed in another state, what about healthcare cost. I live in the cheap state of Texas ( Texas is not cheap) and pay $9500.00 in property taxes, $2100.00 home insurance, hoa fees, total around $12,500.00 before I pay my mortgage. When I see videos like this it means nothing to me because it has no facts.
Each property currently cash flows between $450 and $500/mo. They were all purchased off of the MLS. Health care is through the ACA. My bronze HSA plan has a premium of $290/mo through the Washington marketplace. I do not receive any subsidies for health care. Texas and Illinois have low property costs but very high property taxes and insurance. It's why I don't have rental properties there even though I love Chicago, Dallas and Houston.
Excellent storey. Investing In rental properties is definitely the key to reach FIRE sooner because you can use leverage on a stable asset. Real Estate is what got me to retire at age 28.
The tax treatment of rental properties is what makes this work. It is not without downsides to the wider community however which is why in the UK the tax treatment has been tightened up to make it fairer to the community all round.
Because she didn’t have income creep was probably the greatest thing she could have done.
Hey, I see you again!
@@genxx2724 I’m everywhere! 😁
@@ZacharyBuhler Everywhere the smart people go. Lol
@@ZacharyBuhler Do you watch Our Rich Journey and The Money Guy? I think I first saw you on Ramsey.
@@genxx2724 yep haha! Anything Ramsey, FIRE, minimalism, money, finance, etc..you can expect to see me!
This whole video is mathematically false!
Clever girl. Using the system to her advantage.
People who retire early typically save a lot more than they spend. They live well below their means and don't buy things that don't add value to their lives... eg.. $300 wallets, $500 shoes, etc
I retired 20 years ago at 45. I was a software engineer but I did not have a pile of cash. At times I had less than $15k. What I've done is live frugally. I like gardening, writing software and remodeling homes. I buy a dump house in good areas. Live in the house and slowly improve the landscaping (a hobby) and slowly remodel the house doing all the work myself. Instead of going to a gym I swing a hammer. I sell the house about every 5 years. The first $250k of profit is tax free. I've had income over these 20 years under the tax filing limit so I don't need to file tax forms. Then I buy another dump.
During the 2008 crash I did get caught with 2 houses and had to rent for several years. Here's the thing about rentals...are you actually retired or have you just switched jobs to being a landlord? It's the same with investing in stocks. I suck at stock investing and I don't like it. I don't want my new career to be landlord or stock investor.
I'm getting my Phoenix home ready to sell in the spring of 2022. I should net just under $500k. Then I'm moving to the Philippines where I'll probably do the same thing because it's fun. Only there I'll buy land and build because I have the skills and labor is cheap (carpenter = $10 per 8hr day). There I will build rental units for foreigners to rent as they pay more and I understand what kinds of units they like. I can hire out the management. Or maybe I lay in a hammock. I have no need to take social security until I'm 70 so my total monthly income should be $4-5k. That goes pretty far in the Philippines...but might move to Malaysia.
Getting a pile of cash is only one way to retire. To me skills gave me more security. I knew I could always go back to writing software for a salary so I felt safe. I could always pick up work creating landscapes, home remodeling. A funny thing happens when you have basic needs covered, you don't have to work 40-80 hrs / week just to stay a float. You can do jobs you enjoy for less money, less pressure. It's more fun.
You cannot buy a property/land in the Philippines unless it's under a corporation what you can buy is a condominium. Good luck with your retirement tho.
Hello @Water Bug, I’m impressed & I like your mindset. How much do you charge to share some of your knowledge with the house hacking?
Restrictions on foreigners owning in Malaysia.
Bro, be very careful about moving to the Phillipines. I’ve heard some horror stories. Governments cannot be trusted, especially 3rd world governments.
At 5:50 she says she doesn't have to worry about sstaxes on rental income. Dont you have to pay social security taxes on ALL income? What am i missing? And i think I totally messed up when i owned a rental years ago. I don't remember depreciating anything. And i think i paid taxes on income including the 15% soc sec. Not sure where i missed that benefit.
And the 250k tax free? (Mind blown). i sold my property after 10 years. Does the 250k apply to this? If so i need to contact the IRS asap.
You ever notice how in these videos it's always very high income earners who retire early and they are also the ones that are involved in the F.I.R.E. movement? Ever wonder why you never hear about any low income/minimum wage fast-food or retail workers retiring at under 30 years old with over a million dollars saved? It's because they don't exist. Your income is the most important factor determining whether or you can retire early and rich.
Ahhh yeah. The benefits of not building a traditional life. No spouse. No kids. No braces, clothes, birthday gifts etc to buy. No responsibilities other than for yourself Just live like a college kid your entire career and you’re all set.
With nieces and nephews, there are still birthday gifts to buy!!
@Millennial Master Diet So having children is the only goal in life? Why does it bother you so much what other people do?
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Crypto is a scam
She's just so beautiful
Passing on your financial wisdom to your nieces and nephews would most likely be10 fold greater then leaving them a stack of cash.
Nice job by the way......
She is so beautiful. We just downsized our cars from two to one. We cooked a lot but we can't manage to $300 spending a month/person. I love when she said she focused more on the "FI" instead of the "ER". Financial independent is something we should dream of, not thinking about early retirement when we are upgrading our cars constantly.
Her WHY is very noble and full of integrity. Well done Sylvie 👏🏾
This woman is so beautiful, living money to others purposefully… you are the epitome Sylvia ❤️
She's an inspiration. LIFESTYLE creep is a real thing.
Student loans in the US are insane.Im sorry the whole system needs to be reformed.
I’m stuck at the fact that the studio is 400sqft and cost $208k!! Let me keep watching LOL
In 2008 at that.
Living frugally is not my definition of retirement. I can do that right now, but I want to go on a vacation every month and travel the world with my wife. The true estimated net worth for that lifestyle, I calculated, is about $10M.
$60 a month for food? $2 a day? Obviously she won't be living "tax free", especially in a state that has no income tax. States that have no income tax, like Texas, have to raise their taxes through unusually high sales and property taxes - in other words they tax middle class and working people more than the wealthy, as in Texas.
That was in 2009
@@thekulture5168 Working out inflation since 2008, that's about $73 today. Still tough to feed even one person for $73 for a month, I'd say.