FIRE is quite complicated these days, Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
my definition of my early retirement is still have a job but not working hard anymore ,work life balance and already financial secure.❤A life I dont have to escape from
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, “Annette Christine Conte” turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I think one of the reasons why we people spend on so much things is to escape from the reality of burnout from our jobs. We buy and buy in order to compensate the hard work and we always think that we deserve it. Everything we buy and own, we believe that we deserve it. But what we do not realize is that what we really need are not the things or accumulation of things but the rest that our mind, body and spirit need. Your realization is very humble, genuine, and eye opener to every audience. You are generous to your experience. Im a subscriber and follower from the Philippines.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
@@RobbieNixon-d1w How do I get involved in this? I am excited to take part because I genuinely want to build a stable financial future. Who is the main inspiration behind your accomplishments?
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
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.
Many of my customers are in their 70 and 80 years old! They are single and rich! They are lonely and have no hobbies! They always remind me and my husband to go and enjoy our life! We are only in our 50’s. Our children are grown ! We still work and enjoy our life! We make our life meaningful !!!
FIRE was a huge trend few years back & many people , including myself was on that band wagon. There are many types of FI (Financial Independent): Lean, Coast, Barista, Fat, Chubby. Hence, it will be achievable if we know what we want earlier on & start planning or working towards it. RE (Retired Early) isn’t for everyone, especially when we’re still young & have fuel in our tanks. Since achieving FI 3 years ago (no mortgages nor any types of debts & 1 year worth of emergency fund), it’s given me the flexibility to many areas of my life: work 3 days a week, able to say yes to a lower pay, yet with great work environment, supporting team & 10 minutes from home. More so, I’ve purged lots of material things. With less things to take care of around my home, I have more time doing what’s important, eg: looking after my health (going to pilates 3-4 times a week, cooking healthy meals) & spending quality time with family/friends… Our HEALTH is actually our WEALTH (sorry to hear about the passing of your close friend)
My go to is balanced is the key for a happy life. I am in my mid 40 now and plan to work until I am 70 or 80 years old as long as my physical health allows me . I run a very busy coffee shop, every morning I come to my coffee shop I can't wait to see all my lovely customers . They are all part of my life ❤❤❤. At the end of the day I have so much to talk to my loved one about my days. I got so many presents and flowers from my beautiful customers. I am so blessed to be here. Right now and this moment. Wishing everybody great health and happiness !❤❤❤
I switched to working 3 days a week from home when I turned 50. I have 8 weeks of vacation and 10 holidays each year. I spend more time with family, going to the gym, biking and gardening. I also do a lot of house chores and cleaning. I live below my means and frugal by nature. I do splurge on occasion on my hobbies like buying a $4,000 bike. I plan to travel more until I retire at age 60.
I have been off my job for a year now and I love it so much ! I’m busy with the things I wanna do not things I don’t want to do! I realized u don’t need much to enjoy life ! I’m 51 now and I will continue to travel, visiting family and enjoy life ! If I’m bored in the future then I will work ! And please stop buying designer brands , u making them rich ! I realized u ain’t that smmnnaaaarrrt! Cuz u need validation from designer brands to make u feel good! Guuuurrrrllll! Don’t keep up with the Jones’s!
Thank you, for sharing. For myself personally, I never joined the early retirement part of the FIRE movement. As someone with a B.S. degree in Electrical Engineering even during periods of unemployment in my 30's, and again in my 40's, I have always enjoyed my career. However, what I did want to achieve was financial independence and this occurred for me at age 55, when my home mortgage was fully paid-off and, I was now fully vested with enough years in my public sector pension plan. Now in my early 60's, I retired last year with zero debit and a Net Worth of $1.4 million (with half in the value of my home and half in liquid assets).
Here in Singapore. Thanks for enlightening me. I was planning fire and it was a dramatic change for the past 2 years in managing my finance. Yes, my thoughts of fast forwarding my life for attaining fire and you have alerted me about these wrong thoughts. I need to enjoy life a bit now and then. Thank you so much.
These are excellent points. I’m not so into FIRE but am chronically burnt out by our work life. Your comments have clarified some of the thoughts I have been thinking about lately. Great channel!
Good to hear your FIRE journey. I also agree to do what makes you happy. I also long to reach early retirement for the ultimate freedom, but now I also feel less of a rush to get there as I realize how precious time is today.
This is the first video I watch from you. I like your mind, I am also saving and investing but I know I love my job and I don't mind working. I tend to like lean fire more. I have a personal story of why what you are saying matters. In my family there was a couple, he was working as a architect designing massive building, like banks and skyscrapers and earned really a lot of money with it. They always said when he Retires they are going to travel a lot and see the world. They always had it super cold in the house because they wanted to save money. Two months before he reached his retirement he got the diagnosis of cancer. And 3 weeks after his official retirement he passed away. His wife who got all his money lives in a elderly home because shortly after her husband died (think weeks) she was diagnosed with dementia. She does not remember who she is, while being a multi miljonair and he is already gone.... What is all that money worth then?
Thank you so much for sharing. I recently came across a very similar story too- a couple who saved for decades but a year before retirement, the wife was diagnosed with terminal cancer. The husband found it really hard to cope and eventually went back to work because that’s the only thing he’s family with. It’s very heart breaking xx
@@debbiematthews981 People don't take care of themselves, like the cold house thing, and bring it on themselves. Like, if you wanna enjoy retirement, you have to pamper your body now? They act like they're teenagers and indestructible.
Eileen I LOVE that you share these details with full vulnerability. It’s why I always come back to your channel even though I no longer keep up with the latest designer world. I think you’ve discovered that you have gone to different extremes & now are coming to the middle ground…..The healthiest place of all. I’ve done the same & now I allow myself to have “things”, but I also allow myself to have a life even more. Even if I make a little less money at times (I run my own business so I can take clients or not). You’re inspiring & your art is beautiful Eileen🤍
As someone who took two breaks during my career, I totally see where you are coming from. Burnout is real and sometimes you just need a reset. I don't know if my husband will ever retire, he really enjoys his job and that's fine.
Thanks so much for the frank and inspirational sharing. I have taken early retirement since Jan 2024 (just a few years before the official retirment age in our organisation). Have not regretted it as I do enjoy autonomy over my time, doing things I really like and taking a lot more care of my health and well being. I fully agree with your approach of maintaining a good balance. Slightly different from your situation, I cannot say I like my previous full-time job and would not go back to the same thing again. However, the idea of taking up suitable part-time commitments is great, and if suitable opportunities arise, will certainly give it a go. Last but not least, just to say that I thoroughly enjoy all your videos and sharing. Can't wait for your next one ❤
I stopped working at fifty-nine, primarily to care for my mum. When she passed a few years later my time became my own. I have always been quite a driven person (goal setting, obsessive time management etc), but have never missed that old corporate life for one second. My ideal would have been to work part-time two days a week for as long as I possibly could; to keep the brain active and to give balance. I use my time now to learn new skills, look after my health and fitness, and to enjoy my family. I’ve never been happier. I don’t have to buy expensive clothes for work and have identified areas I can cut back on expenditure because it simply is no longer necessary. I never consciously planned to retire early so never practiced FIRE. Thankfully my husband financially supports us, which I’m grateful for. There’s no point flogging yourself and having no quality of life, if it impacts on your marriage, family and health. Life has a habit of pulling the rug from beneath you when you least expect it. I guess what I’m trying to say is no one size fits all but if FIRE is at the cost of your marriage, your children’s welfare and a life of high anxiety, then is it really worth it …
Enjoy the journey, life is short. Yes its important to have money but its also important to stop and smell the roses. When you look back in old age, happiness will come from the memories you have created.
25 at the moment, and honestly i only started to work for FIRE late last year/early this year... and honestly, one thing that really makes me re-evaluate and hesitate on my decision is that ever since then, i had to set aside almost every social relations i had to put more time into what i was working on... but at the same time, i really hope to start a family by 29 or latest 30 :( i say that, but i don't even have a boyfriend at the moment, and i'm not even looking for one right now due to how pre-occupied my mind is with the things i'm working on i'm honestly really not sure how to go on lol, but really nice to see your video pop up in my algorithm. thank you for your sharing, i will also have to... re-prioritize, once i hit some smaller milestones next... life is really too short and limited
Great conversation. My approach is barista fi. It gives me time to enjoy the journey while having control over my time, and being productive/ doing something I love.
Im already burned out at my work. I admit I hate going to work everyday. But as a man, my value is tied to my salary, my savings, my investments, and my assets. I need to keep working so I can keep growing my value and my worth. As a man, just being yourself, kind, lovely, loyal, responsible, humble, and a gentleman is not enough anymore in today's dating market. So for this reason I cannot stop working and I need to keep growing my value and my worth, thats the only way I can have a chance to find a wife and be respected by society because we live in a society where men without money are treated lower than dirt.
It's really hard right now and especially hard in this modern culture where the whole environment is designed to rip you to pieces. Stop chasing women - just spend time with people you like spending time with and focus on your hobbies. Try meeting foreign women - even European women because many of them are far more traditionally minded and would value you for your grit. The Europeans don't care so much about glamour or what kind of car you drive. I met my French wife in the US and we moved to France. I was in your situation but I stayed the course and saved up enough money to reach coast-FIRE before I left the US. Give up on American women - they're broken. When I think about my experiences with American women, I feel like it was all a really bad dream in some kind of Twilight Zone scenario. They're insane and have no moral bearings. They're just broken and useless.
I was 1 of those people who said that if I won a big lottery, I would still work. I have not won any lottery, small or big but I am in a state of wanting to retire early. My job sucks all the positive energy out of me, the work is very stressful, co-workers and the company are toxic, many co-workers get away producing not only crappy work but as little work as possible who continue to be around because they talk big and they kiss the right asses, they are challenging to work with because so many of them are entitled and some, I would say, are bullies. I'm in software consulting, so not only is the company and co-workers often toxic, the clients are very demanding and often difficult to work with. This is the reality of consulting. In the 25 years of doing it, the only non-toxic company and non-toxic co-workers was the very first company I worked for in the late 90's. Unfortunately, that company has also changed and I heard the environment is as toxic as they come. I want to retire early to rid myself of all these negative energy, to wake up happy on Monday mornings and not dreading the day, to own my time, to not have any schedule or deadline, to not be around ass-kisser that need to be carried, etc.
I reckon working 2-3 days a week 5-7 hours per work day.. in a supportive and friendly environment is a sweet spot. Take leave for vacation every few months. The rest of the time for family and ‘me time’. Ok to splurge for special occasion. ❤️
Sadly I know too many whose retirement has been cut very short and a fair number who didn’t make it that far. The fact is that the majority of us will not live in our retirement as long as we like to think we will. That, coupled with difficulty in switching mindset from years of frugality to now spending a little bit on treats, means a lot of hard earned retirement funds are passed down leaving our dependents to pay taxes on the remainder. Balance in everything.
Hello, Eileen. I really like your outfit here. You inspired me and tomorrow I will take blush pink jumper, pearl earrings and silver watch on me. You look very young in this color, I like it more than your beige and grey tones in your closet. 🙂
I've been a goal focused saver since my first allowance (it is normal in my familiy). To count myself rich (it's something we say in our familiy instead of budgeting) is something that I actually do for fun. I also do it for my cousin who has a shopping addiction (legaly aproved, I have fill in forms and account yearly) . Me the hoarding dragon guarding her bank account from herself. I think it's very intresting to be responsible for someone else's money. You learn alot about priorities. You would think I would guard her money as stricly like I do my own, but i'm actually more lenient, because she is still free to choose her priorities. I just drip feed her the money in a sustainable way, I don't make the big choices for her I just do the calculations and make sure she can not easily touch the savings she has left. I would never expect anyone to be the same type of money hoarder I am. Saving money is always the first thing that comes to mind. I always have to debate with myself buy things I want/need/like. Spending does not come naturaly, I always have some goal to save for. Big or small. What I am doing is trying to provide myself with the option to either retire maybe 10 years early or to start working part time when I'm 45+. ( I haven't decided yet) Last year I had the option to choose between a raise in pay or extra vacation days. I chose the extra vacation days. So that shows I do still value time over money. I think one of the important realisation in life we can have is that money is something you can trade for at any time. Time is never gained only ever paid.
Thank you for sharing, It has been very valuable for me to see and learn from your experiences. I don't have a goal of FIRE. My first goal what I set for myself was to achieve top 1% wealth within a set time, I achieved my first goal, and set new goals, including continuous wealth building. I learned money management/saving/investing/wealth building from a very young age (from before kindergarten age) combined with able to read books without pictures before 3 years old and able to do basic mathematics together with a little bit more complex mathematical problem solving/mathematical games I regularly played with my grandfather. The most important lessons I learned daily especially from my Countess great ant is that money/saving/investing and wealth building is one the most important skill I must do during my life together with being healthy, being kind, humble, considerate, helpful, grateful, diplomatic while must be savvy and that I must protect myself. Regarding appearance, I learned to must wear quality, very clean shoes and perfectly ironed clothes. These are some of the basics I internalised and live my life by these rules today, they are part of my personality and natural to me. During the Pandemic I also changed some aspect of my life, I had been forced to stop travelling and now I no longer have the same desire for travel as I had prior the Pandemic. I have been around the world and seen what I have been interested to see and I am content with it, while knowing that I am able to choose to resume my pre-Pandemic lifestyle if that is what I would like to do. I wish you wealth, health and happiness.
I believe you need to walk a middle path between saving for your future and enjoying today. My father’s family were very long livers but my mother’s family nearly all died in their 60s so from an early age I was well aware that tomorrow is guaranteed to nobody. I think you also need to take a certain attitude to retirement to make it happy. I looked at it not as rushing to escape a job I was no longer enjoying but as heading towards something else. You need to plan what you intend to do in retirement before you get there not after. I retired last year and my plans were thrown into chaos by serious illness both of a family member and myself, but when that is all over I will be going back to writing my novel and my plan to join a bridge club and plan a holiday.
I love this video so much, it is perfect timing for me as I've been considering all of these things. Also, you are so talented with your art! I would love to purchase!
My husband took early retirement at 60 years. He worked in a demanding job that was stressful and at times dangerous. We paid off what was left on our mortgage and are now debt free. My husband is so much happier. I have kept working as I am a few years younger than my husband. We contributed extra to our retirement fund when we were first married and when I retire we will be comfortable. Can’t wait to be able to travel for long periods. 😊
I fantasize about early retirement but am certain I would be bored. Nonetheless that is what I’m aspiring for and will decide when the time comes. Perhaps will try to find fully remote work. Meantime I want to take more frequent short vacations. Thank you for sharing your journey and inspiring balance❤
I commented in a prior vlog when you were deciding to retire that unless you can keep busy each and everyday, retirement will make you go senile. There's only so much gardening, hiking, vacationing, working out you can do before realizing you need to be a part of employment and the social network it involves.
There’s so much else than work to solve that. Enjoy your work if you do, but examine your massive bias or blindness to other ways of meaningful participation in society
Many people would take 'gardening, hiking, vacationing, working out' over working their 9 to 5! Especially that you can find social network it outside work!!
@@japoemka My initial comment was directed specifically to the vlogger. I knew she would re-enter the workforce and she did. Yes, I agree, if you are 60-80 yrs. old, gardening would be more of a way of life over a 9-5 job. When you are young, you need to be a part of something and unless, you experience a long period of unemployment, you will never relate. This applies only if you love and respect your employer/job. If you hate your job, you wouldn't be able to afford retirement, so it's moot point.
I got a 2 month sabbatical approved but immigration told me I can't take unpaid leave on my visa. So I think FIRE is going to be my only escape from burnout. I am old enough that getting a new job will be very difficult but young enough for family to tell me I am crazy to retire- I can have so much more if I keep working. But I don't want more- I like to travel, and while I am never going to be a minimalist, there are a lot of things I can do to make my like a lot less expensive and more simple. I would love to be able to take off a year or work part-time. I wish that was an option.
It would be great to start off by explaining what FIRE means. I have watched several videos propagating financial freedom. In Canada, some good companies offer great packages like extended health benefits that are non-taxable. While sometimes I loathe my full-time job because I wish i had more time for myself, I can't imagine if i quit it. I need to $$$ keep coming in to have that sense of security. We are also paid biweekly. So, retiring early is admirable but not an ideal reality. Not healthy for both my body and mind either. Balance - is the core word. We need balance in everything we do.
Vancouverite here and retired at 42, last August. FIRE, especially the RE part, is what you make of it. Retirement is all about owning the most valuable asset we have - time. Do you lease it in exchange for a salary and benefits or do you go have a dessert date with your partner on a Sunday night because you can?
Thank you! I enjoyed this topic since I just recently got interested in fire. I can relate to what you're saying and its an important message. Eileen I would love to hear your experience with investing and your investment journey. Can you please make a video on that topic sometime?
Thank you for sharing this. My bestie passed away due to cancer recently and I am devastated. She was only 41. I didn't get to see her much because I moved to live in another City and busy with my kids. I didn't know she had cancer and her death was a total shock to me. She hide it from me for 7 years because she doesn't want me to worry of her and doesn't want to interrupt my busy life with my kids. I always put off the plan to go on a trip with her and only see her once a year. I always think there is always time and can go when my kids are older. There is no time anymore 😢
I really loved this video Ty for sharing ❤❤ this month marks a year where my spending went into overdrive Im an RN Ive been through the burn out And now im slowing down Enjoying life Being grateful and spending time with the people i love I love all yr videos ❤❤
FIRE was a grift by high income tech employees that did content as a side hustle. It’s not achievable by the average person without extreme actions (basically being homeless).
I agree. I was going to leave a job that offers retirement and medical benefits. I had 6 years remaining, and I was still in my early 30s. I took a 6 week off and came back motivated to continue. I've learned to take breaks when I need it!
A lot of FIRE bloggers are scammers, that Money Mustache guy was pretending to be a humble hipster with a bike and upgraded his family of 3 to a huge house quite recently.
Excellent. Extremes are never good. Glad you took a work pause to find new balance. I went FI before it was a thing. The 'FIRE movement ' doesn't have to be extreme.
Yea dont retire early. I did reduced work week, 30 hours and i get to keep my benefits. If you are valuable to the company, just ask them if you can do this, i think they would be happy to oblige.
Nah, FIRE is not balanced, you realize that you won't be all that fulfilled once you achieve it. Do age appropriate thing for your place in life, no need to forced yourself to a hole.
Imagine doing FIRE for Ages:25-40 and then getting a serious illness at age 50 or dying ages 50-60😅😅😅😅 bye bye Millions🙋🏻♂️🙋🏻♂️🙋🏻♂️ can't bring your Savings to my deathbed or Can't even enjoy it in a WheelChair 😅😅😅 I wish I just enjoyed life when I was still Young when my money is still ENJOYABLE😭
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Evelyn’s trading ideas and signal tips for your portfolio growth and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Evelyn Infurna’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
FIRE is quite complicated these days, Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
my definition of my early retirement is still have a job but not working hard anymore ,work life balance and already financial secure.❤A life I dont have to escape from
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, “Annette Christine Conte” turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I think one of the reasons why we people spend on so much things is to escape from the reality of burnout from our jobs. We buy and buy in order to compensate the hard work and we always think that we deserve it. Everything we buy and own, we believe that we deserve it. But what we do not realize is that what we really need are not the things or accumulation of things but the rest that our mind, body and spirit need. Your realization is very humble, genuine, and eye opener to every audience. You are generous to your experience. Im a subscriber and follower from the Philippines.
Agree ❤️
You just put my thoughts into words.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
@@RobbieNixon-d1w How do I get involved in this? I am excited to take part because I genuinely want to build a stable financial future. Who is the main inspiration behind your accomplishments?
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
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.
Many of my customers are in their 70 and 80 years old! They are single and rich! They are lonely and have no hobbies! They always remind me and my husband to go and enjoy our life! We are only in our 50’s. Our children are grown ! We still work and enjoy our life! We make our life meaningful !!!
FIRE was a huge trend few years back & many people , including myself was on that band wagon.
There are many types of FI (Financial Independent): Lean, Coast, Barista, Fat, Chubby. Hence, it will be achievable if we know what we want earlier on & start planning or working towards it.
RE (Retired Early) isn’t for everyone, especially when we’re still young & have fuel in our tanks.
Since achieving FI 3 years ago (no mortgages nor any types of debts & 1 year worth of emergency fund), it’s given me the flexibility to many areas of my life: work 3 days a week, able to say yes to a lower pay, yet with great work environment, supporting team & 10 minutes from home.
More so, I’ve purged lots of material things. With less things to take care of around my home, I have more time doing what’s important, eg: looking after my health (going to pilates 3-4 times a week, cooking healthy meals) & spending quality time with family/friends…
Our HEALTH is actually our WEALTH (sorry to hear about the passing of your close friend)
Very insightful sharing! Thank you xx
My go to is balanced is the key for a happy life. I am in my mid 40 now and plan to work until I am 70 or 80 years old as long as my physical health allows me . I run a very busy coffee shop, every morning I come to my coffee shop I can't wait to see all my lovely customers . They are all part of my life ❤❤❤. At the end of the day I have so much to talk to my loved one about my days. I got so many presents and flowers from my beautiful customers. I am so blessed to be here. Right now and this moment. Wishing everybody great health and happiness !❤❤❤
I switched to working 3 days a week from home when I turned 50. I have 8 weeks of vacation and 10 holidays each year. I spend more time with family, going to the gym, biking and gardening. I also do a lot of house chores and cleaning. I live below my means and frugal by nature. I do splurge on occasion on my hobbies like buying a $4,000 bike. I plan to travel more until I retire at age 60.
Very happy for you! Sounds like a dream job xx
@@ColourfulNoir
Thank you.
I have been off my job for a year now and I love it so much !
I’m busy with the things I wanna do not things I don’t want to do!
I realized u don’t need much to enjoy life !
I’m 51 now and I will continue to travel, visiting family and enjoy life ! If I’m bored in the future then I will work !
And please stop buying designer brands , u making them rich !
I realized u ain’t that smmnnaaaarrrt!
Cuz u need validation from designer brands to make u feel good!
Guuuurrrrllll!
Don’t keep up with the Jones’s!
Thank you, for sharing. For myself personally, I never joined the early retirement part of the FIRE movement. As someone with a B.S. degree in Electrical Engineering even during periods of unemployment in my 30's, and again in my 40's, I have always enjoyed my career. However, what I did want to achieve was financial independence and this occurred for me at age 55, when my home mortgage was fully paid-off and, I was now fully vested with enough years in my public sector pension plan. Now in my early 60's, I retired last year with zero debit and a Net Worth of $1.4 million (with half in the value of my home and half in liquid assets).
Here in Singapore. Thanks for enlightening me. I was planning fire and it was a dramatic change for the past 2 years in managing my finance. Yes, my thoughts of fast forwarding my life for attaining fire and you have alerted me about these wrong thoughts. I need to enjoy life a bit now and then. Thank you so much.
Best of luck!xx
These are excellent points. I’m not so into FIRE but am chronically burnt out by our work life. Your comments have clarified some of the thoughts I have been thinking about lately. Great channel!
Good to hear your FIRE journey. I also agree to do what makes you happy. I also long to reach early retirement for the ultimate freedom, but now I also feel less of a rush to get there as I realize how precious time is today.
This video was so reassuring. Thank you so much.
This is the first video I watch from you. I like your mind, I am also saving and investing but I know I love my job and I don't mind working. I tend to like lean fire more. I have a personal story of why what you are saying matters. In my family there was a couple, he was working as a architect designing massive building, like banks and skyscrapers and earned really a lot of money with it. They always said when he Retires they are going to travel a lot and see the world. They always had it super cold in the house because they wanted to save money. Two months before he reached his retirement he got the diagnosis of cancer. And 3 weeks after his official retirement he passed away. His wife who got all his money lives in a elderly home because shortly after her husband died (think weeks) she was diagnosed with dementia. She does not remember who she is, while being a multi miljonair and he is already gone.... What is all that money worth then?
😢 This sort of thing happens a lot more than we think unfortunately.
Thank you so much for sharing. I recently came across a very similar story too- a couple who saved for decades but a year before retirement, the wife was diagnosed with terminal cancer. The husband found it really hard to cope and eventually went back to work because that’s the only thing he’s family with. It’s very heart breaking xx
@@ColourfulNoir yes that is very sad! Live life as much as you can live now to. You don't only live for the future
"tomorrow, is always a day away...."
@@debbiematthews981 People don't take care of themselves, like the cold house thing, and bring it on themselves. Like, if you wanna enjoy retirement, you have to pamper your body now? They act like they're teenagers and indestructible.
Deepest thank you. Amazing video.
Glad you enjoyed it! xx
Eileen I LOVE that you share these details with full vulnerability.
It’s why I always come back to your channel even though I no longer keep up with the latest designer world.
I think you’ve discovered that you have gone to different extremes & now are coming to the middle ground…..The healthiest place of all.
I’ve done the same & now I allow myself to have “things”, but I also allow myself to have a life even more. Even if I make a little less money at times (I run my own business so I can take clients or not).
You’re inspiring & your art is beautiful Eileen🤍
As someone who took two breaks during my career, I totally see where you are coming from. Burnout is real and sometimes you just need a reset. I don't know if my husband will ever retire, he really enjoys his job and that's fine.
Thanks so much for the frank and inspirational sharing. I have taken early retirement since Jan 2024 (just a few years before the official retirment age in our organisation). Have not regretted it as I do enjoy autonomy over my time, doing things I really like and taking a lot more care of my health and well being. I fully agree with your approach of maintaining a good balance. Slightly different from your situation, I cannot say I like my previous full-time job and would not go back to the same thing again. However, the idea of taking up suitable part-time commitments is great, and if suitable opportunities arise, will certainly give it a go. Last but not least, just to say that I thoroughly enjoy all your videos and sharing. Can't wait for your next one ❤
I stopped working at fifty-nine, primarily to care for my mum. When she passed a few years later my time became my own. I have always been quite a driven person (goal setting, obsessive time management etc), but have never missed that old corporate life for one second. My ideal would have been to work part-time two days a week for as long as I possibly could; to keep the brain active and to give balance. I use my time now to learn new skills, look after my health and fitness, and to enjoy my family. I’ve never been happier. I don’t have to buy expensive clothes for work and have identified areas I can cut back on expenditure because it simply is no longer necessary. I never consciously planned to retire early so never practiced FIRE. Thankfully my husband financially supports us, which I’m grateful for. There’s no point flogging yourself and having no quality of life, if it impacts on your marriage, family and health. Life has a habit of pulling the rug from beneath you when you least expect it. I guess what I’m trying to say is no one size fits all but if FIRE is at the cost of your marriage, your children’s welfare and a life of high anxiety, then is it really worth it …
As someone who is currently obsessed with FIRE, this was refreshing to see that FIRE is not everything.
Glad you found that helpful xx
What's fire?
@ financial independence early retirement!
Enjoy the journey, life is short. Yes its important to have money but its also important to stop and smell the roses. When you look back in old age, happiness will come from the memories you have created.
25 at the moment, and honestly i only started to work for FIRE late last year/early this year... and honestly, one thing that really makes me re-evaluate and hesitate on my decision is that ever since then, i had to set aside almost every social relations i had to put more time into what i was working on... but at the same time, i really hope to start a family by 29 or latest 30 :( i say that, but i don't even have a boyfriend at the moment, and i'm not even looking for one right now due to how pre-occupied my mind is with the things i'm working on i'm honestly really not sure how to go on lol, but really nice to see your video pop up in my algorithm. thank you for your sharing, i will also have to... re-prioritize, once i hit some smaller milestones next... life is really too short and limited
Great conversation. My approach is barista fi. It gives me time to enjoy the journey while having control over my time, and being productive/ doing something I love.
Love that!xx
I don't know if FIRE is possible if so many people are doing it. There's now an index fund bubble for example.
Thank you , this video is very inspiring and I agree with everything you said
Glad you enjoyed it!xx
Thank you for the great video. I have been thinking the same a lot lately. Thanks for your sharing and it answered my doubts.
Glad I could help! xx
Im already burned out at my work. I admit I hate going to work everyday. But as a man, my value is tied to my salary, my savings, my investments, and my assets. I need to keep working so I can keep growing my value and my worth. As a man, just being yourself, kind, lovely, loyal, responsible, humble, and a gentleman is not enough anymore in today's dating market. So for this reason I cannot stop working and I need to keep growing my value and my worth, thats the only way I can have a chance to find a wife and be respected by society because we live in a society where men without money are treated lower than dirt.
It's really hard right now and especially hard in this modern culture where the whole environment is designed to rip you to pieces. Stop chasing women - just spend time with people you like spending time with and focus on your hobbies. Try meeting foreign women - even European women because many of them are far more traditionally minded and would value you for your grit. The Europeans don't care so much about glamour or what kind of car you drive. I met my French wife in the US and we moved to France. I was in your situation but I stayed the course and saved up enough money to reach coast-FIRE before I left the US.
Give up on American women - they're broken. When I think about my experiences with American women, I feel like it was all a really bad dream in some kind of Twilight Zone scenario. They're insane and have no moral bearings. They're just broken and useless.
I was 1 of those people who said that if I won a big lottery, I would still work. I have not won any lottery, small or big but I am in a state of wanting to retire early. My job sucks all the positive energy out of me, the work is very stressful, co-workers and the company are toxic, many co-workers get away producing not only crappy work but as little work as possible who continue to be around because they talk big and they kiss the right asses, they are challenging to work with because so many of them are entitled and some, I would say, are bullies. I'm in software consulting, so not only is the company and co-workers often toxic, the clients are very demanding and often difficult to work with. This is the reality of consulting. In the 25 years of doing it, the only non-toxic company and non-toxic co-workers was the very first company I worked for in the late 90's. Unfortunately, that company has also changed and I heard the environment is as toxic as they come. I want to retire early to rid myself of all these negative energy, to wake up happy on Monday mornings and not dreading the day, to own my time, to not have any schedule or deadline, to not be around ass-kisser that need to be carried, etc.
I reckon working 2-3 days a week 5-7 hours per work day.. in a supportive and friendly environment is a sweet spot. Take leave for vacation every few months. The rest of the time for family and ‘me time’. Ok to splurge for special occasion. ❤️
Sadly I know too many whose retirement has been cut very short and a fair number who didn’t make it that far. The fact is that the majority of us will not live in our retirement as long as we like to think we will. That, coupled with difficulty in switching mindset from years of frugality to now spending a little bit on treats, means a lot of hard earned retirement funds are passed down leaving our dependents to pay taxes on the remainder. Balance in everything.
Same for me, hard to disconnect yet its been 1 month now. I miss the money but peace is priceless. 🌞
Fantastic video! Cannot agree more!!!!!!Your art is so beautiful. Is it available to buy?
Loved this video! ❤
Thank you!!xx
Great vlog as always! Thank you for sharing!
Thank you for sharing this. What a great introspection of balance.
Glad you enjoyed it!xx
Hello, Eileen. I really like your outfit here. You inspired me and tomorrow I will take blush pink jumper, pearl earrings and silver watch on me. You look very young in this color, I like it more than your beige and grey tones in your closet. 🙂
Thank you! I love the light pink too and have been reaching for it a lot recently xx
I've been a goal focused saver since my first allowance (it is normal in my familiy). To count myself rich (it's something we say in our familiy instead of budgeting) is something that I actually do for fun. I also do it for my cousin who has a shopping addiction (legaly aproved, I have fill in forms and account yearly) . Me the hoarding dragon guarding her bank account from herself. I think it's very intresting to be responsible for someone else's money. You learn alot about priorities. You would think I would guard her money as stricly like I do my own, but i'm actually more lenient, because she is still free to choose her priorities. I just drip feed her the money in a sustainable way, I don't make the big choices for her I just do the calculations and make sure she can not easily touch the savings she has left.
I would never expect anyone to be the same type of money hoarder I am. Saving money is always the first thing that comes to mind. I always have to debate with myself buy things I want/need/like. Spending does not come naturaly, I always have some goal to save for. Big or small.
What I am doing is trying to provide myself with the option to either retire maybe 10 years early or to start working part time when I'm 45+. ( I haven't decided yet)
Last year I had the option to choose between a raise in pay or extra vacation days. I chose the extra vacation days. So that shows I do still value time over money.
I think one of the important realisation in life we can have is that money is something you can trade for at any time.
Time is never gained only ever paid.
This is really insightful, thank you for sharing xx
I am so sorry to hear that you lost a dear friend Eileen; I hope you are OK and sincere condolences to his family
Thank you so much xx
Thank you for sharing, It has been very valuable for me to see and learn from your experiences. I don't have a goal of FIRE. My first goal what I set for myself was to achieve top 1% wealth within a set time, I achieved my first goal, and set new goals, including continuous wealth building. I learned money management/saving/investing/wealth building from a very young age (from before kindergarten age) combined with able to read books without pictures before 3 years old and able to do basic mathematics together with a little bit more complex mathematical problem solving/mathematical games I regularly played with my grandfather. The most important lessons I learned daily especially from my Countess great ant is that money/saving/investing and wealth building is one the most important skill I must do during my life together with being healthy, being kind, humble, considerate, helpful, grateful, diplomatic while must be savvy and that I must protect myself. Regarding appearance, I learned to must wear quality, very clean shoes and perfectly ironed clothes. These are some of the basics I internalised and live my life by these rules today, they are part of my personality and natural to me. During the Pandemic I also changed some aspect of my life, I had been forced to stop travelling and now I no longer have the same desire for travel as I had prior the Pandemic. I have been around the world and seen what I have been interested to see and I am content with it, while knowing that I am able to choose to resume my pre-Pandemic lifestyle if that is what I would like to do. I wish you wealth, health and happiness.
I believe you need to walk a middle path between saving for your future and enjoying today. My father’s family were very long livers but my mother’s family nearly all died in their 60s so from an early age I was well aware that tomorrow is guaranteed to nobody.
I think you also need to take a certain attitude to retirement to make it happy. I looked at it not as rushing to escape a job I was no longer enjoying but as heading towards something else. You need to plan what you intend to do in retirement before you get there not after. I retired last year and my plans were thrown into chaos by serious illness both of a family member and myself, but when that is all over I will be going back to writing my novel and my plan to join a bridge club and plan a holiday.
I love this video so much, it is perfect timing for me as I've been considering all of these things. Also, you are so talented with your art! I would love to purchase!
My husband took early retirement at 60 years. He worked in a demanding job that was stressful and at times dangerous. We paid off what was left on our mortgage and are now debt free. My husband is so much happier. I have kept working as I am a few years younger than my husband. We contributed extra to our retirement fund when we were first married and when I retire we will be comfortable. Can’t wait to be able to travel for long periods. 😊
You have your romantic partner and your health. Treasure both!
Enjoy your time together and travel as much as possible.
Thank you for sharing! Xx
Fantastic video! Thank you for such great ideas and for sharing your story!
I fantasize about early retirement but am certain I would be bored. Nonetheless that is what I’m aspiring for and will decide when the time comes. Perhaps will try to find fully remote work. Meantime I want to take more frequent short vacations. Thank you for sharing your journey and inspiring balance❤
I’m in the exact same boat.
I commented in a prior vlog when you were deciding to retire that unless you can keep busy each and everyday, retirement will make you go senile. There's only so much gardening, hiking, vacationing, working out you can do before realizing you need to be a part of employment and the social network it involves.
There’s so much else than work to solve that. Enjoy your work if you do, but examine your massive bias or blindness to other ways of meaningful participation in society
@@M_SC She obviously went back to work so case closed. Otherwise, tell it to her not me.
Many people would take 'gardening, hiking, vacationing, working out' over working their 9 to 5! Especially that you can find social network it outside work!!
@@japoemka My initial comment was directed specifically to the vlogger. I knew she would re-enter the workforce and she did. Yes, I agree, if you are 60-80 yrs. old, gardening would be more of a way of life over a 9-5 job. When you are young, you need to be a part of something and unless, you experience a long period of unemployment, you will never relate. This applies only if you love and respect your employer/job. If you hate your job, you wouldn't be able to afford retirement, so it's moot point.
Your so wise ❤️❤️❤️ absolutely food for my brain and soul
Aww you're too sweet, thank you xx
I got a 2 month sabbatical approved but immigration told me I can't take unpaid leave on my visa. So I think FIRE is going to be my only escape from burnout. I am old enough that getting a new job will be very difficult but young enough for family to tell me I am crazy to retire- I can have so much more if I keep working. But I don't want more- I like to travel, and while I am never going to be a minimalist, there are a lot of things I can do to make my like a lot less expensive and more simple. I would love to be able to take off a year or work part-time. I wish that was an option.
Balance is LOVE/FAMILY in the middle & everything else left and right out on the edge of less importance..i Luv You Eileen 💕🌷
Absolutely!!xx
It would be great to start off by explaining what FIRE means. I have watched several videos propagating financial freedom. In Canada, some good companies offer great packages like extended health benefits that are non-taxable. While sometimes I loathe my full-time job because I wish i had more time for myself, I can't imagine if i quit it. I need to $$$ keep coming in to have that sense of security. We are also paid biweekly. So, retiring early is admirable but not an ideal reality. Not healthy for both my body and mind either.
Balance - is the core word. We need balance in everything we do.
Vancouverite here and retired at 42, last August.
FIRE, especially the RE part, is what you make of it. Retirement is all about owning the most valuable asset we have - time.
Do you lease it in exchange for a salary and benefits or do you go have a dessert date with your partner on a Sunday night because you can?
Thank you! I enjoyed this topic since I just recently got interested in fire. I can relate to what you're saying and its an important message. Eileen I would love to hear your experience with investing and your investment journey. Can you please make a video on that topic sometime?
I'm a part of the fire community. But I prefer balance. I don't want to be obsessed!
Thank you!
❤️
Sorry to hear about your loss of your friend
Thank you xx
@ColourfulNoir your welcome
Thanks for sharing this! It helped me reflect.
You do not sound Malaysian though, I actually thought you were from Hong Kong for some reason....
Lots of people say that haha xx
Thank you for sharing this. My bestie passed away due to cancer recently and I am devastated. She was only 41. I didn't get to see her much because I moved to live in another City and busy with my kids. I didn't know she had cancer and her death was a total shock to me. She hide it from me for 7 years because she doesn't want me to worry of her and doesn't want to interrupt my busy life with my kids. I always put off the plan to go on a trip with her and only see her once a year. I always think there is always time and can go when my kids are older. There is no time anymore 😢
I really loved this video Ty for sharing ❤❤ this month marks a year where my spending went into overdrive Im an RN Ive been through the burn out And now im slowing down Enjoying life Being grateful and spending time with the people i love I love all yr videos ❤❤
Sending you lots of positive energy xx
FIRE was a grift by high income tech employees that did content as a side hustle. It’s not achievable by the average person without extreme actions (basically being homeless).
I agree. I was going to leave a job that offers retirement and medical benefits. I had 6 years remaining, and I was still in my early 30s. I took a 6 week off and came back motivated to continue. I've learned to take breaks when I need it!
I’m happy to hear you took the break you needed. We sometimes put ourselves on the back burner but rest is so important xx
A lot of FIRE bloggers are scammers, that Money Mustache guy was pretending to be a humble hipster with a bike and upgraded his family of 3 to a huge house quite recently.
Excellent. Extremes are never good. Glad you took a work pause to find new balance. I went FI before it was a thing. The 'FIRE movement ' doesn't have to be extreme.
Yea dont retire early. I did reduced work week, 30 hours and i get to keep my benefits. If you are valuable to the company, just ask them if you can do this, i think they would be happy to oblige.
Insane the number of people asking what FIRE is when she literally explained it in the first 8 seconds of the video 😂😂😂
🤣
Retired in 10 years with a few million in bank account is damn fulfilling
Never have to work again
Frugal effects you.
Cheap effects others.
FIRE....if it happens it happens.....
What is fire?
Financial independent and retire early xx
Are you saying Fire? What does that mean?
Fire independent retire early!
What is FIRE
Fire independent and retire early!
I didn’t get why people want to retire
try fat fire... yours is a lean fire.. fat fire need 5-10m..
It’s called burnout
Nah, FIRE is not balanced, you realize that you won't be all that fulfilled once you achieve it. Do age appropriate thing for your place in life, no need to forced yourself to a hole.
FIRE is not for the weak. You did a few things wrong. Why did you diversify?
I just hate the people I work with! 😂😂😂
Imagine doing FIRE for Ages:25-40 and then getting a serious illness at age 50 or dying ages 50-60😅😅😅😅 bye bye Millions🙋🏻♂️🙋🏻♂️🙋🏻♂️ can't bring your Savings to my deathbed or Can't even enjoy it in a WheelChair 😅😅😅 I wish I just enjoyed life when I was still Young when my money is still ENJOYABLE😭
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Evelyn’s trading ideas and signal tips for your portfolio growth and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Evelyn Infurna’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
I appreciate the professionalism and dedication of the team behind Evelyn’s trade signal service.
As a newbie, what do I need to do? How can I invest, on which platform? If you know, please share. I'm new to this, please how can I contact her?
Well the name is 'Evelyn Infurna'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Any luck finding a rich partner 😜
FIRE means you can afford to be fired and/or fire the employer 😂
What is FIRE? I'm not British, so this video made no sense to me.
FIRE is not British. It stands for Financial Independence Retire Early.
@sharonhansen2935 Ok, thanks for letting me know. 👍 English is not my mother tongue.
Life is unpredictable. Yup, I have gone through a major change. 🥹
Thank you sharing and I hope you’re doing well xx