To Retire Early with $2.5 Million We Took These Actions
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- Опубликовано: 30 май 2024
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Our Rich Journey - To Retire Early with $2.5 Million We Took These Actions: We were on a FIRE (financial independence, retire early) journey for eight years before we finally reached our goal, quit our federally government jobs, and retired early . . . before 40!!! We did this by taking intentional steps towards our goal and implementing a plan. In this video, we go over the pieces of our plan and share how we were able to acquire $2.5 million in over the course of eight years in order to reach financial independence and retire early. Thanks for watching!
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One thing that wasn't explicitly said: choosing the right spouse. Two people working together makes this so much easier. They have worked together to make this happen. It would have been exponentially harder to do this with only one person carrying the weight. Plus one person carrying the weight can lead to resentment. Alone you can go fast but together you can go farther.
I feel everyone should be doing these things with or without a partner. Being married with whom may be "right" doesn't mean you'll never divorce later.
Thanks for sharing Robert! Having a partner on the same page is definitely helpful!!!
From experience, you're 100% correct.
For married folks a partner on same page gives you steam ie encouragement to keep at it, ideas, and double income, otherwise if married and not same page, you may build as your spouse digs a hole or doesn't encourage.
A single person can do achieve this too, self motivation.
Agree 10000%
Just hit the millionaire club this past week. My wife and I are inching closer. Although we’re a bit older at 42/43. We plan to FIRE in 10 years.
CONGRATULATIONS!!! That's fantastic!
So just cuz your at a million dollars you think you can retire? I would think a million goes really fast. Anyways, congrats 🎉
@@aaronvigil9910 million saved and million invested are two different things
@@thelevelupcommunity For sure, let that shit compound. Set & forget, baby!
richman!
I am a 26 year old "retiree". I am a veteran living off of my pension in Mexico 💫. I have an apartment with a ocean view, weekly maid, etc. Everyone's path is different but it is possible.
LOVE your points - thanks for sharing!!! Also, I'm just picturing your ocean view now - LOVELY!!! :)
You can use your pension in Mexico? My wife is a Navy Veteran.
@@davidbown2707 the pension is through direct deposit. It's their money to spend so yes they can use to fund their life in Mexico.
How do you get a pension at 26?
@@michaeltedesco2667 I’m
Thinking the “pension” is VA disability
The way she said, "Save aggressively" was dope lmao. The American Dream as portrayed on social media is to spend aggressively.
The most important thing is what is done with the savings. Does it make more money or just slowly pile up while living frugally?
She said invested aggressively.
Exactly
Exactly
This guy is very blessed to be married to her. I can see it in his eyes how happy he is. I pray that my 20 year old son will meet a good woman and stay clear of the floozies
Also pray he will be a good man to that good woman you are praying for him to be blessed with
I pray your son never marries a woman period. There’s nothing in it for him. 💯
i pray too. he will get a good wife - if hes looking for the right qualities and not botox face and fake faced ones.
I love these two - they break things down so simple
So sweet!
Im a young black man trying to get where you guys are in life this is motivation
Same but a woman lol.
17 year old asian with 4k
But i feel If i can hit 2.5m in 10 years, Id rather build it even more than retire
Eric - You WILL get here! Stay positive and motivated! We're rooting for you!!! :)
Having multiple income sources is very crucial to financial growth as the election is fast approaching and No one knows what the economy holds for the citizens of America
Depending on who is elected.
@@cnbc9713 if trump does not win it would be a curve ball
Idc what the news says, they said he’d lose last election and guess who won
I love seeing people who created a plan and stuck to it and are enjoying their rewards. So happy for you.
Aww - thank you so much Anthony!!! :)
My entire
2021 is for sticking to my plans.
Gosh, I love this positive, inspirational couple is a world that is going bonkers; very hopeful and impactful....w/actionable steps.
Wow - thank you so much for your kind words!!! So glad you're enjoying our videos!
@@OurRichJourney , you know America is still the only best country in the world to build wealth right?! no country can just print more money like the US can and still no countries in this world will hold it accountable for. LOL
They are so inspirational!
I love the fact you specified that this is not a get rich fast scheme
crypto currency is also a nice way to invest $1000 and change your life
1q
Christina always gives me those supportive auntie-vibes... It's almost as if I can hear her say: "Go on child, you can do it. Just believe in yourself. Ain't nobody gonna do it for you"
I'm so glad I'm putting those vibes out there! Hehe! Love those auntie -vibes!!! :)
They’re definitely relatable. In my case, they’re more like my college friend’s, younger siblings. Amon looks very Habesha.
@@Jen-eb5dy My husband is Eritrean. He said the exact same thing.
ikr... they are so knowledgeable but also laid back. They make me feel inspired and motivated to turn my life around.
lol
I'm 35 and just investing now. I'll be happy to retire at 50, maybe a few years earlier. I'm also trying to emigrate out of the US.
Retiring by is incredible! The average is much higher!
My wife and I, sat down and made budget. When we saw how much we could save in one year. We were stunned. In one year, we could have the down payment for investment property. I already have a side hustle, which pays pretty good. Thanks for making these videos. You've definitely inspired us both.
Thanks for sharing! Your comment demonstrates how great it is to sit down and create a budget!!! I LOVE that you and your wife did this!!!
Much respect to you guys. I'm a black American getting ready to retire at 41. The only thing I'm missing is a gorgeous woman to share my life with :)
Congrats on getting ready to retire! :) You'll find your partner! :)
@Que_Rico not always the case
@Que_Rico Yeah, not always the case. God will provide the right woman for him =)
@Que_Rico true.....
When you reach your Million $, believe me all kinds of Young Beauties will come chasing for your company. You can then show off your beautiful partner.
Getting inspiration and motivation from my young friends. At 55 better late than never. Wish I had this mindset in my teens
same. in my early 30s now, but better late than never!
Same ! I am 26 , I only started getting interested in this at 25
Exciting! I should be FI in 2 years, before my 35th bday. Working hard to ensure it happens. 😌
13 years left. hopefully retireing at age 35!
That's fantastic - on track to retire before 40!!! :)
I want the same and I’m 23 now!
Till what? Till You hit a million?
What!!! Really, how?
@@PercyOrdonez i been doing odd jobs since 16. i have sold Magazines to people. been a youtuber, wrote for a Magazine aswell, i have always been willing to move to where i can get a job so i have worked in malta, the uk and sweden, i also sold mousepads with a 24 dollar profit each. and ofc i have invested my money in index funds, stocks and some crypto.
I'm 21 years old, from portugal, completely crazy about financial independency, hopefully i can make it along with everybody else. Keep motivated guys we are all going to make it :)
I’m from New York and I’m 16 but I really love travel and don’t only want to stay in America my whole life. I want to be financially independent that way I can travel to different countries or even move to another one.
On the early retirement grind as well. My FAT FIRE goal is 3.5 million. Wishing everyone luck and persistence!
This will be a 5 million + subscriber channel in 2 years . Stay humble , stay informative and the sky is the limit . Thanks for sharing your stories and helping others understand how all this works.
Wow! So nice of you - thank you Eman!!!
What gets measured, gets managed. If anyone aspires to FIRE, we need to track, Net Worth, Savings Rate, Income and Expenses religiously.
Agreed!!! :)
It was this year that my wife and I have gotten serious about investing. Partly because of you guys. I also watch videos from Chris Hogan, Graham Stephan, and more. I have learned so much. My wife and I have already knocked out $15,000 in debt this year. By May of next year we should have $25,000 of our debt cleared out. On top of that we have saved up around $1,200 and, put about $2,500 in an investment account for ourselves and a few hundred dollars for our 2 year old. We at least want to give our daughter a great head start in life.
That's great, Vairon. You and your wife are definitely on mission. You can do it!
Awesome this story is helping so many thank you for sharing
You should look into investing in the stock market. I started investing in August 2020 and ive tripled my investments already. Look into uranium stocks, the bull market is barely starting. The 3 top undervalued stocks are penmf, anldf, and wstrf. Financial fortune youtube can teach you more about it. Good luck
Your videos are part of my Sunday routine now. That along with action items from your videos. Thank you for always keeping us so motivated!
Yay! Thank you Jay! So happy to hear that!!!
Do you guys have videos where you discuss your income during that 8 year time frame. That is a lot of money to save in eight years, so I’m trying to put it into perspective.
Love how transparent you both have been on this journey! Such a great video
Thank you so much!!!
I taught my kids personal finance at a very young age. both 14&16 respectively and are making above $2k passively. if the younger generation can take their mind of the social media, they can learn to make more money and earn freedom.
Great content as usual. Thank you both so much for your continued inspiration. In part because of your videos I finally became debt free in 2020. Paying off a total of over $140,458 thousand in debt(student loans, car loan and business debt). I am now saving 50% of my income and looking into side hustles that will further boost my income. I pray for continued blessings for your family. Thanks again for all you do❤
Hey! How did you attack your loans?
@@lreally Whatch all their vdo’s There is tons of information. One way of attacking your debt would be to live below your means and pay down your debt. Track your spending and See were you can budget.
@@lreally basically what @ay Wa said. I lived way below my means even when I was making only 30k per year. One way I accomplished this was moving back in with my parents. I know not every body has this option but I had it and I used it. I saved alot just from this perspective alone while still contributing to house hold expenses like rent and food. Another thing I did was increase my income. I was fortunate enough that my degree gave me a return on my investment even tho I did take quite a bit in loans to attain it. Every spare bit of change I got like tax returns I threw at my debt. I was obsessive about paying it off because I really hated the monthly drain on my paychecks. Now that I'm debt free I can't describe how liberating it is to know that all the money I used to pay someone else can now be used to build my own wealth. I wish you all the best in crushing your debt.
@@dynamitestacey2230 thank you
@@aywa1578 thank you
Wow!! 7 accounts.. Phased retirement plan. $2.5 Mil.. Thanks, Christina & Ahmad.
Hey there Curtis!!! Thanks for watching (as always!)! Have a fantastic week!!!
You guys are AMAZING! I just discovered you and your channel and now I gotta binge watch it all! LOL Thank you for sharing your journey!
Grantulations you guys on your journey I have been watching your videos from the beginning being Portuguese my self I proudly say I love you guys for sharing theses ideas bringing tourists and migrants into the country bringing money into the economy
I saw a video you guys uploaded regarding over paying for a home witch you mentioned affecting locals having to pay extra so true they all ready struggling as is average 600 euro a month very difficult to live on
You guys contributing to this beautiful country of mine I appreciate and thank you both glad you enjoy your stay in Portugal and love you have given us and we love you guys in return xx agracos e beijihnos a voces e as meninas mwah 💋
You two are very blessed that you found each other because you have to have a partner that thinks like you.
WHEN you were in your investing stage where were u putting your money? Etfs or individual stocks? Can u clarify what ones you poured your money in monthly
You give me hope. I'm still working on the debt repayment piece. Look forward to the investment chapter!!
I like the smile on your faces. It's the kind of smile that says u don't need to deal with sh!tty bosses/colleagues ever again.
I’m always impressed and inspired by you two. I only wish we had discovered these ideas when we were in our 20s instead of now in our 50s. I truly do believe it’s never too late, but to accumulate savings takes time.
The two of you are amazing. Could you do a video on whether the pandemic/stock market had any effect on your plans, any fears or decisions that had to be made? Did you end up having to use any emergency funds or still business as usual?
I'm from the beautiful island Barbados and this video really inspired me to enter the index fund market and retired at an early age.
Woo hoo! Another great video from you two. Love your new background (backyard). Thank you for the great advice.
Stay safe and blessed.
Amon My Main Man!! Welcome back!! We missed you the last episode. Hey Christina!!
You guys have been the talk of our house the last few days. My wife was discussing how you guys OPERATE IN EXCELLENCE!! You & Christina are talking about WEALTH building while everyone else is talking about getting rich. That's a huge difference. We appreciate your videos, your time, and your workbooks. Thanks for being AMAZING mentors to us ALL.
Andre & Melissa Chicago
Andre & Melissa - You two are so sweet!!! We love you discussion - "OPERATE IN EXCELLENCE." Such an incredible mindset!!!
Love that you saved 70% of your income. We are huge savers so we're going to go calculate our savings rate right now to see how we match up! Great job you two. Loving your energy, positivity and general ambiance between the two of you!
This is a wonderful video. There was a question in one of my investing groups from someone who is planning to retire early. I’m so glad I bumped into this video and I will be sharing it.
What a holistic video - you two have so much knowledge! I especially like the drawdown tip.
Thanks for sharing!👍🏼
Just found you guys and I'm so inspired! I'm getting a later start than I'd like but, better late than never. The budget sheet is awesome. I keep playing around with it because making that needle move is so motivating! Thank you for taking the time to teach us everything they should have taught us in school :)
I love you guys! Thanks for sharing valuable information!
Our pleasure!
Love this story! Thanks for the blueprint
Thanks for these great tips. I have watched the video twice with my family. You guys are inspirational and have definitely helped many to get motivated about the FIRE journey. Thank you 🙂
I'm loving, loving your channel. Everything I need to know or have questions about I'm finding with your videos. Thank you so much for sharing.
Awesome! Thank you! Cheryle
I'm very impressed at how well you've thought this out! We both worked in financial services and have put a fair bit of thought and analysis into our finances, but you guys are next level!
You are an awesome power couple! Thanks for Sharing!! This will be saved in my "Money Mindset" Playlist - in rotation. Thanks!
Great information again. Thank you I look forward to new content for you two. Can you show what a phrase plan looks like?
You guys have been my cheerleaders. Your videos, your energy, your tips. I've sliced my debts in half. Refinanced a lot of them. The start of 2020 I had maybe $50-$100 left over every month, I've gotten that number to $500 a month; budget, attack debt, worry about your own life and needs, refinance, work more. Just having a few hundred extra a month and a few thousand in savings feels great. You feel secure. Thank you guys for motivating me and making me feel like I've got control of my life and future. Much love!!! 💗💗💗💗
Robert - You are INCREDIBLE!!!! Congrats on cutting your debt in half and finding more money to save! I LOVE that you're motivated and that you've made such positive financial moves!!! 💗💗💗💗💗💗💗💗💗💗💗💗
Robert - Very cool to hear about the steps you have taken. I am always inspired by people who take control of their lives, as you describe.
How much you make?? I am living paycheck to paycheck
A little over $1,600 a month. Doesn't include money from side jobs and hustles. @BadWeatherfreak
@@arjay1566 so you h
Pay rent or mortgage?
Life is good! Looks like Amon got a new shirt 👀. Love your channel.
LOL! Yes! Thank you!
😂😂😂😂
THanks to you both! I am on track and taking all kinds of notes. I love your podcast!
Thank you so much Tyler!
So inspiring! Thank you for sharing
You guys are awesome! Thanks for your lessons and tips!!
Our pleasure!
You two are so amazing. Such great spirits. Love from Dayton Ohio.
Hello there in Dayton! Thank you so much Steve!
Thanks again for sharing your knowledge!
Good solid practical advice for us all here - I’m based in the Uk and love to see others share that mindset and strategies are the key for financial success :) thanks for a solid video!
I have 10 years to retire by 40 😂🙌🏼 I can do it
This wonderful couple helped me to be on the right track !! Thank you so much from North Carolina 😍!
Hey there Seena! So glad you're on the right track! So happy that we get to be a part of your journey!!! :)
Another great video that is paramount! It has helped me to align my plans even more. THANK YOU🙏🏾🙏🏾
You two are always inspirational and a breath of fresh air.
I can feel the happiness and the fiscal responsibility in this video! Way to go and I’m not only listening but putting it into action. Thank you both!
Thank you Mimi! I LOVE the part about taking ACTION!!! Love, love, love it!!! :)
Wow so much Respect. I hope to break the chain of poverty in my family. Let God guide you. Stay blessed.
Thank you so much for your valuable content! We're joining the journey...
I'm feeling such a good vibe from this video and I feel so happy for you both!
I need a life partner like this. Y'all need to do a how we met video 😭
They did.
Such an awesome story! I’m on a similar journey and documenting it as well. Hope to be there in the next 5 years 😀 looking forward to having those extra 40+ hours to do what I want with.
Thanks for the knowledge King and Queen. Keep it coming. And congrats...
I love yall videos! I'm looking to move there and these videos are such a inspiration!
I am 26, a broke PhD candidate. I am planning to finish my thesis soon and focus on making money after to retire in my early 40s ! Wish me good luck 😄
Good luck Camelia. I also plan to retire at 45. I am 26.
So much value! Thanks for sharing.
Glad you enjoyed it!
Wow this is one of the first videos that say things that are not on every blog page. Thank you so much
Thank you for being so generous with your knowledge and being super inspirational!
You guys are incredible. True role models to all!!! 💪🏿💪🏿💪🏿
Thank you so much!!!
Ugh I am so grateful I found your Chanel last year.. I hope to marry someone with whom I can do those things with 🙏🏾🙏🏾 stay Bless stay Wealthy !
Myriam - We're so happy you found our channel!!! :)
Truth...having a like minded partner is key. Until then I will grind and make it God grace.
@@naturalbeauty_abena1230 facts! It’s good to have someone on the same wave length as you but until then, you just have to focus on self development 👌🏾
You two are inspiring!
Awesome video. So much value. Thank you for all you do. Your videos has been so helpful. 🙏🙏🙏
I think this is first time that I remember them sharing exactly how much they have. Most of the time, they omit the actual number.
This is so inspiring! I’m a new financial creator and I hope one day my channel inspires people in the way that you both have inspired me!
Some very wise and inspiring words. Thanks for sharing this.
Yes, positive mindset and thinking is very key! Thanks for sharing your story
You guys are awesome!
And so are YOU!!! :)
Thank you so much for continuing to share your story with everyone! You're going to be helping so many people to follow in your footsteps.
Thank you so much Kienen!!
Congrats. I am sure you are an inspiration to many!
You guys are so inspiring! ❤️
Love you guys! ❤️ 👍
I've used your budget for almost a full year now! Love it
Katia - that is so awesome!!! So glad you're using it and that you're finding it helpful!!!
You are sooooo inspirational!!! What a power couple you are!!! Many blessings your way! 🙏🏻😍 Thanx for another great video. 👏🏻👏🏻👏🏻❤️
Thank you so much!! You are so kind!!!
This is AWESOME!!! Thank you so much for sharing. I'm saving to come back and watch all your other videos you're linking.
Thanks for giving clear parameters to identify in a FIRE 🔥 analysis. 👍🏽
Love and blessed from Las Vegas. You guys are an inspiration and thx for the help and videos to understand this journey.
Thank you so much for the love :-)
Love your videoes. My wife and I too saved 75% of our income just so we could invest in real estate. We now have enough passive incomes to let our two university-graduate boys retire in their 30s if they so wish to! Nothing is impossible with sensible savings and investments! I wish all your viewers a rich journey.
Thank you for such a great and informative video
Awesome video. You give me hope for the future. Finding your channel and learning with you has been the most empowering thing that happened to me in 2020. Financial literacy is everything!!
Wait, youtube recommended this video!!! Binge watching all your videos!! Great job. I want to retire at 40 years!!! Thank you for the tips..
Edit: new sub!
You guy aa a great team, me and my wife putting our heads together now.
Mindset is key.... Just think positive.
I enjoyed this video, very informative
Great info, FIRE fam! Keep posting and putting a smile on our faces.
Thank you Nick! Love the smiles!!!
Great video! Do you have a video or tips regarding the best banks for expats in Portugal (traditional vs online banks) and the cheapest way to transfer funds from a US bank?
This video set my life on F.I.R.E .Lot's of thanks for this and now let the challenge begin .
LOVE your comment!!! Let that challenge begin!!! :)
@@OurRichJourney2020 set my life on fire and now 2021 my Fire journey is in full swing .7 years from now 2028 I will ..i must be back to check on this comment and I will be retired ! Heaven please see me through.
love the presentation. very clear.