Awesome video! You are making very sound financial decisions and building passive income and wealth!! That’s the magic. Real Estate is a job, but is pays huge dividends over time. We have several properties and I have a side hustle as well. I gave up corporate last year and it was my best decision ever. Your time is gold. You’ve learned this at the young age of 38! Congrats.
Thank you so much! It’s amazing to hear about your success with real estate and your side hustle. Thanks for sharing and congrats on taking the leap and leaving corporate!
Great hearing your story. Thank you so much for sharing. I've learned from listening to many videos and podcasts about finances that everybody seems to make mistakes at some point in their life with money. It's perfectly normal but what sets you apart is what you do to rectify the error. We're not perfect and we just do the best we can with what we have. Thank you for sharing your story with us! For myself, I took out a lot of student loan debt in college and for pharmacy school. Because of the student loan debt, I feel like I delayed much of my life goals like getting married, buying a home, and having children. I am grateful that my career choice worked out and I'm currently earning six figures with investment properties as our side hustle in a high cost of living area. I'm still paying down my student loans slowly however I just wish I had known better and paid off some of my loans while in school.
Thank you for sharing your journey as well! Your right, mistakes are part of the journey and how we respond to them defines our success. The important thing is that we're actively working towards our goals now! It sounds like you've made some great choices, career wise and regarding your investment properties!
Just came across your channel and I'm trying to learn more about personal finance and investing too. I like how honest you are and natural you come across in the video. I look forward to more content ! Thank you :)
Cool, fun to hear a different kind of financial history! I like hearing about the flexibility your pre saving and investing choices gave you. I'm aiming for a kind of "coast fi" which is where I set things up enough that I will replace my current income at the time I get to traditional retirement age, and will get to have freedom in the current time by needing to save way less.
Love that! Definitely a good stategy! I intended to reach FIRE so that I can have the time to do things I'm passionate about (I don't actually want to retire) and ended up Barista FIRE :)
@@galbiller yes, I was going to say your way is Barista Fire. Mine is so similar except I wont be pulling from my investments. Though, I do house hack in the duplex I own so in a way I am living off my investment in that way as it helps with my expenses greatly. Its pretty dang hard to get to full FIRE, and I have heard a lot about many folks who pushed straight through to FIRE regretted it a bit. Have you heard of the Fioneers, and Slow Fire? I think you were a pioneer in your way of barista fire, and maybe slowly going to traditional FIRE. I'm a few years older than you , and approximately at coast FI goal now.
@@galbiller I don't think anyone REALLY retires who does FIRE - they just want to be work optional, and do the things they are actually passionate about. Pretty much nobody actually just lives off the 4% rule even though they could. This shows me I should build that in to my expectations!
Iam happy that you speak about the long break you've took as well it make your story more relatable. I've spent years in my twenties saving and going to university. Finish my degree and get to 100k networth with 82 500$ liquidity and i bought my first rental property, a treeplex. The treeplex worth 400k initially and had a 20% uncreased in value after 2 years. My saving were at the top of the world. Then I get fatigue and excessively tired. I could of ask for a long break since we had a union but I refuse, i left my job and went on a 4 month self paid period. All things considered this period cost me 50k-75k Iam now back at a corporate job. But yes after years of discipline sometime the mind need a break. My net worth have grew during that time thanks to rental investment, stock etc But that's was a very expensive break lol Wish you'll make it to 1 million !!!!
Thank you! Sometimes taking a break is essential for your well being. Glad to hear your net woth grew during that time, looks like you are currently on the right path! Thank you for sharing your experience!
Hi, I'm planning on posting a video about my experience purchasing investment properties by the end of this month. I used conventional loans (20% down) and the properties are in the Oklahoma City Metro
Cool, look forward to that video!. Here's another video idea, maybe do one on your networth and at what age you achieved them (if you're comfortable with sharing those info)
What do you do when you lose one of your tenet in one of your rental properties and have to pay the mortgage and your rent at the same time with so little cash flow?
I always maintain cash reserves of at least 4% of my total loan amount (in addition to my personal emergency fund), for that specific reason (vacancy, maintanance etc), that way I have enough to cover emergencies. Very important to do when owning real estate! There are a lot of risks!
I wish it were possible to do this in Brazil, but it isn't, because the interest rate here is very high, so it's not worth it. I'm trying to figure out what i can do instead...Great video.
love this video! thanks for sharing!! what made you quit your job earlier than planned? what was your target number (income or net worth) to quit at? what did you invest in at 37 and 38? were those both properties as well? thanks for explaining everything with the depreciation!
Thanks so much! I decided to quit my job earlier than planned because I wanted more flexibility in my life and to pursue my passion of being self employed :) My target number was $1M net worth. I might make a video about my current investment portfolio in the future. I'm glad the depreciation explanation helped
Not all the money is in the money market fund. It's in the FZDXX (needs a minimun of $100k to start investing in it, but you don't need to keep $100k in it once you bought it once (I have significantly less) it changes everyday, the 7 day yield as of today is 5.16%.... going down...
You are so brave. I am 50-year-old with enough money to retire (my wife may think otherwise). Still, I am a bit scared to quit my full-time job and to retire early.
Great journey so far. But you could have build more wealth just continuing to invest in liquid. if you continued to add at least 2k per month, you would have been a millionaire with liquid assets by the time you turn 40. Even with your property doubling it slowed your progress IMO. Rentals have phantom opp costs that leak money.
Thank you! Yes there were expenses, but I also got cash flow from rentals ($2k a month for 7 years) which I didn’t invest but spent along with blowing away all my savings. Imagine using that cash flow of $2k and investing that in the stock market. I calculated this once, but need to calculate this again I’m curious to see the difference between those two alternatives
One more thing, I agree I probably would of had more money in the end but I really wanted to quit my job and live off of the cash flow from real estate :)
@@galbillerthat 7 years off are priceless! I am curious as well, if you stick with the market vs rental, whether which one will be ahead for you. Either way, the cash flow give you the confidence to take the time off.
Very good video,u should be proud of yourself,i don't see a lot of enlightened American girls when it comes to real state knowledge,never heard woman saying 1031 exchange before lol.I hear a bit of of European accent,where are u from?
I also took a 5-year break in savings. I lost faith in the stock market when it crashed in 2008. I stopped contributing to 401k from 2009 to 2014. I know it was a terrible mistake.
Hallo Gal, vielen lieben Dank für deinen tollen Beitrag, bin dein neuer Abofreund, auf eine lange Freundschaft ❤👍 wünschen dir ein schönes Wochenende ❤ danke für gegenseitige Unterstützung 🔔 Siggi & Anne 👍
New sub I actually met Robert Kiyosaki two years ago at a party because I’m a dietitian and the doctor I worked for is good friends with him. He’s such a nice guy.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Hello neighbor! I live in DFW area too. I love that you are really genuine and your contents are pure facts based.
Thank you so much!
Awesome video! You are making very sound financial decisions and building passive income and wealth!! That’s the magic. Real Estate is a job, but is pays huge dividends over time. We have several properties and I have a side hustle as well. I gave up corporate last year and it was my best decision ever. Your time is gold. You’ve learned this at the young age of 38! Congrats.
Thank you so much! It’s amazing to hear about your success with real estate and your side hustle. Thanks for sharing and congrats on taking the leap and leaving corporate!
Great hearing your story. Thank you so much for sharing. I've learned from listening to many videos and podcasts about finances that everybody seems to make mistakes at some point in their life with money. It's perfectly normal but what sets you apart is what you do to rectify the error. We're not perfect and we just do the best we can with what we have. Thank you for sharing your story with us!
For myself, I took out a lot of student loan debt in college and for pharmacy school. Because of the student loan debt, I feel like I delayed much of my life goals like getting married, buying a home, and having children. I am grateful that my career choice worked out and I'm currently earning six figures with investment properties as our side hustle in a high cost of living area. I'm still paying down my student loans slowly however I just wish I had known better and paid off some of my loans while in school.
Thank you for sharing your journey as well! Your right, mistakes are part of the journey and how we respond to them defines our success. The important thing is that we're actively working towards our goals now! It sounds like you've made some great choices, career wise and regarding your investment properties!
Just came across your channel and I'm trying to learn more about personal finance and investing too. I like how honest you are and natural you come across in the video. I look forward to more content ! Thank you :)
Thank you so much! I'm so glad to hear! Welcome to my channel 🤗
Thanks for your transparency! I’m a new subscriber today. Found you through your July spending video. Excited to follow along on your journey!
Welcome!! Thanks for subscribing! I hope you will enjoy my videos :)
Very Very Helpful Video Gal🤗💓 and I clicked on time
Glad it was helpful! 😃
Your English is so good for a foreigner ❤😊. Great job👍
Thank you! But I was born in the US, moved away when I was 12
@@galbiller well then that explains it 😂
You go girl! There are a few FIRE reddits if you aren't aware of them already. Lots of similar minded people there.
Thanks so much! I'll check it out! Great to connect with like-minded people!
Cool, fun to hear a different kind of financial history! I like hearing about the flexibility your pre saving and investing choices gave you. I'm aiming for a kind of "coast fi" which is where I set things up enough that I will replace my current income at the time I get to traditional retirement age, and will get to have freedom in the current time by needing to save way less.
Love that! Definitely a good stategy! I intended to reach FIRE so that I can have the time to do things I'm passionate about (I don't actually want to retire) and ended up Barista FIRE :)
@@galbiller yes, I was going to say your way is Barista Fire. Mine is so similar except I wont be pulling from my investments. Though, I do house hack in the duplex I own so in a way I am living off my investment in that way as it helps with my expenses greatly. Its pretty dang hard to get to full FIRE, and I have heard a lot about many folks who pushed straight through to FIRE regretted it a bit. Have you heard of the Fioneers, and Slow Fire? I think you were a pioneer in your way of barista fire, and maybe slowly going to traditional FIRE. I'm a few years older than you , and approximately at coast FI goal now.
@@galbiller I don't think anyone REALLY retires who does FIRE - they just want to be work optional, and do the things they are actually passionate about. Pretty much nobody actually just lives off the 4% rule even though they could. This shows me I should build that in to my expectations!
@@TheahLil I just check out the Fioneers, very interesting! Exactly, not looking to retire either, I want FI not FIRE :)
What's the "other" investment you put your RE equity into?
Iam happy that you speak about the long break you've took as well it make your story more relatable. I've spent years in my twenties saving and going to university. Finish my degree and get to 100k networth with 82 500$ liquidity and i bought my first rental property, a treeplex. The treeplex worth 400k initially and had a 20% uncreased in value after 2 years. My saving were at the top of the world. Then I get fatigue and excessively tired. I could of ask for a long break since we had a union but I refuse, i left my job and went on a 4 month self paid period. All things considered this period cost me 50k-75k Iam now back at a corporate job. But yes after years of discipline sometime the mind need a break. My net worth have grew during that time thanks to rental investment, stock etc But that's was a very expensive break lol Wish you'll make it to 1 million !!!!
Thank you! Sometimes taking a break is essential for your well being. Glad to hear your net woth grew during that time, looks like you are currently on the right path! Thank you for sharing your experience!
I hope you have an amazing weekend, Gal!❤❤
You too as well!! 😃
I have a similar attitude to you regarding work. Can you clarify on how you did the leveraging, and in what city are your properties in? Thanks
Hi, I'm planning on posting a video about my experience purchasing investment properties by the end of this month. I used conventional loans (20% down) and the properties are in the Oklahoma City Metro
Cool, look forward to that video!. Here's another video idea, maybe do one on your networth and at what age you achieved them (if you're comfortable with sharing those info)
What do you do when you lose one of your tenet in one of your rental properties and have to pay the mortgage and your rent at the same time with so little cash flow?
I always maintain cash reserves of at least 4% of my total loan amount (in addition to my personal emergency fund), for that specific reason (vacancy, maintanance etc), that way I have enough to cover emergencies. Very important to do when owning real estate! There are a lot of risks!
Good morning Gal how are you happy Saturday morning to you and I enjoy your channel and you are amazing supporter
thank you you too!
I wish it were possible to do this in Brazil, but it isn't, because the interest rate here is very high, so it's not worth it. I'm trying to figure out what i can do instead...Great video.
Thank you! High interest rates can definitely make things challenging
Would love to hear more about your experience buying investment properties!
Hey! Thanks for stopping by! I will add this topic to my list of ideas :)
love this video! thanks for sharing!!
what made you quit your job earlier than planned? what was your target number (income or net worth) to quit at?
what did you invest in at 37 and 38? were those both properties as well?
thanks for explaining everything with the depreciation!
Thanks so much! I decided to quit my job earlier than planned because I wanted more flexibility in my life and to pursue my passion of being self employed :) My target number was $1M net worth. I might make a video about my current investment portfolio in the future. I'm glad the depreciation explanation helped
How mush is your 100k making you in that money market account ? A month
Not all the money is in the money market fund. It's in the FZDXX (needs a minimun of $100k to start investing in it, but you don't need to keep $100k in it once you bought it once (I have significantly less) it changes everyday, the 7 day yield as of today is 5.16%.... going down...
The 5.16% is the yearly return
Thank I have my 150k in a high yield savings account 4.4%
dope vid, thanks
🤗
You are so brave. I am 50-year-old with enough money to retire (my wife may think otherwise). Still, I am a bit scared to quit my full-time job and to retire early.
You should definitely do what you feel comfortable with!
Great journey so far. But you could have build more wealth just continuing to invest in liquid. if you continued to add at least 2k per month, you would have been a millionaire with liquid assets by the time you turn 40. Even with your property doubling it slowed your progress IMO. Rentals have phantom opp costs that leak money.
Thank you! Yes there were expenses, but I also got cash flow from rentals ($2k a month for 7 years) which I didn’t invest but spent along with blowing away all my savings. Imagine using that cash flow of $2k and investing that in the stock market. I calculated this once, but need to calculate this again I’m curious to see the difference between those two alternatives
One more thing, I agree I probably would of had more money in the end but I really wanted to quit my job and live off of the cash flow from real estate :)
@@galbillerthat 7 years off are priceless! I am curious as well, if you stick with the market vs rental, whether which one will be ahead for you. Either way, the cash flow give you the confidence to take the time off.
Very good video,u should be proud of yourself,i don't see a lot of enlightened American girls when it comes to real state knowledge,never heard woman saying 1031 exchange before lol.I hear a bit of of European accent,where are u from?
Thank you so much! The accent is from living in Israel :)
@@galbiller Great job,keep up👏
@@josephmahmoud392 thank you!
Are you not paying a lot of tax on that $2000 a month (from your properties) though?
I take depreciation. I’m currently not paying any tax on income from my properties, I will need to pay these taxes if I sell the properties…
I also took a 5-year break in savings. I lost faith in the stock market when it crashed in 2008. I stopped contributing to 401k from 2009 to 2014. I know it was a terrible mistake.
Im sure a lot of people did, the important thing is to learn from those experiences and keep moving forward
Can you make a video talking about how you make $2000/month writing online content?
Very interesting video!!!
Thank you! Glad you think so!
Should have never sold the duplex that was your Money maker.
Everybody tells me that!
Nice video
Thank you! 😃
oh wow i thought you were rebecca ferguson!
Just checked who she is! Thanks for the compliment!
Hallo Gal, vielen lieben Dank für deinen tollen Beitrag, bin dein neuer Abofreund, auf eine lange Freundschaft ❤👍 wünschen dir ein schönes Wochenende ❤ danke für gegenseitige Unterstützung 🔔 Siggi & Anne 👍
Hi there! Thank you!
Gal you are sooo beautiful love you❤
thank you 😃
New sub I actually met Robert Kiyosaki two years ago at a party because I’m a dietitian and the doctor I worked for is good friends with him. He’s such a nice guy.
Oh my gosh! I wish I met him too! Thanks for subscribing! 🤗