This video should be shown to ALL high school students!! This advice is PURE GOLD! No debt is the key to financial freedom!!!!
@ParisianThinker
4 ай бұрын
I married a Professor who retired at age 60. I was 39 when we married. This allowed us to change our goals to health, wealth, happiness and the time to enjoy them. My husband lived to 100 in my care at home. We never had any debt for the 38 years of marriage. He died unexpectedly from an operation to repair his fractured femur. I am in excellent health and 77. Money is not the problem. I walk daily, stretch, lift weights, and dance. I know health is the most important.
@AResilientLife
4 ай бұрын
Wow! What a story. Thank you so much for sharing your journey & experience. I'm sure that others will read and benefit from your insights. Thanks for commenting and stopping by.
@monicaramirez51015
2 ай бұрын
❤wow❤beautiful 😊
@Ian-tt8cs
4 ай бұрын
Hi Ronnie, great video. Very good advice and common sense. I was made redundant 6 years ago at the age of 56 and used that as a opportunity to take early retirement in the UK, living off my reduced company pension and redundancy money. I had originally planned to retire when I was 62 which is this year, because I had also planned be debt free by then. So come this December, the mortgage will be finally paid off. What a relief! It will be a good feeling, cant wait. I enjoyed your video, keep it up!
@AResilientLife
4 ай бұрын
Thank you for the comment, as well as sharing your own experiences. And thanks for the encouragement too!
@FrankVillani-k2n
4 ай бұрын
I relate totally to what you are saying about debt. Except for a couple of short-term car loan payments overall, I have been debt-free my entire life with a paid-off house. I always had good benefits at the job, but I also always had very low wages throughout my career. I still managed to spend below my means and was sensible by saving and investing with persistence. The end result awarded is a comfortable retirement........ To me, it is the discipline and commitment that you employ, more than the amount of money, that makes it a success.
@AResilientLife
4 ай бұрын
Thank you for this great comment. Your story is more evidence that financial security is attainable for almost anyone. I'm sure others will be encouraged by reading it too. Thanks again.
@davidnprogress
4 ай бұрын
Being debt free and living with low expenses is the key. We have been debt free since 2014 and really do not require much to cover the bills. Getting to FI, retiring early, is possible for more people than most realize. Attack the debt hard for 2 or 3 years and then the many years to come will be better.
@AResilientLife
4 ай бұрын
Thank you for your comment. Such a great insight. Attacking the debt hard is key. With no debt, it just doesn't take nearly as much to live on. I only wish more people knew this, they'd have so much less to worry about. Thanks again.
@davidnprogress
4 ай бұрын
@@AResilientLife indeed. It is a secret that is really not a secret at all. I think that is why debt free folks try so hard to share the lesson
@HeatherCampbell-kc7fx
3 ай бұрын
I paid off my mortgage in 15 years, then had to sell to take care of a parent. Have been paying rent for ten years so far even though I am taking Care of them. I got screwed big time. Otherwise, I would have been traveling and living rent free while certain jobs!!! Ugh!!
@HeatherCampbell-kc7fx
3 ай бұрын
While working certain jobs!!
@AResilientLife
3 ай бұрын
So sorry to hear this. It sounds like a real set-back. On the other hand, a person such as yourself, (with the kind of drive it takes to to pay off a mortgage in 15 years), cannot be easily defeated. I'm sure you'll recover. Be encouraged.
@HeatherCampbell-kc7fx
3 ай бұрын
Thank you!
@rda9441
4 ай бұрын
Great video and solid advice. Keep up the good work.
@heathermacivor7909
4 ай бұрын
Great Video! I need help getting out of debt!!!
@MikeRakowski
4 ай бұрын
Suggest save early (young) as best approach, watch compound interest blow that amount up over time. Wait to save and your job of wealth building is exponentially harder.
@AResilientLife
4 ай бұрын
You're absolutely correct. Saving early is the best approach and compound interest is the 8th Wonder of the World... a topic I will cover very soon. Thanks for stopping by.
@MikeRakowski
4 ай бұрын
@@AResilientLife 👍
@ronaldcambridge3126
4 ай бұрын
Excellent video that conveys grassroots information “ordinary folks” so desperately need to hear and acknowledge. I can truly relate to much of what you described in your emergence to FI and achievements, including getting rid the mortgage and not carrying credit debt. I really hope this presentation serves as an incentive for folks to become motivated towards knowing the essence of becoming financially independent/free. And for those who can't foresee this as possible, I hope they seek to learn about or consider alternatives to achieving life without a mortgage.
@AResilientLife
4 ай бұрын
Thanks so much for leaving this comment. I was just thinking about this today (i.e., "grassroots information for ordinary folks"... that you mentioned). It dawned on me that many financial advisors have wealthy clients, and as such, can advise them on complicated investment strategies & fat portfolios. These things are are out of reach for regular, blue collar types. We need alternatives, and I think your comment will help me focus my message. Thanks again.
@Retired-jr3qs
4 ай бұрын
Good advice
@AResilientLife
4 ай бұрын
Thank you.
@jairohernandez7957
4 ай бұрын
Thanks for sharing. I’m 27 and hope to have my paid off by 35
@AResilientLife
4 ай бұрын
If you pay off a mortgage by 35 you're way ahead in the game and will end up wealthy. Well done!
@jairohernandez7957
4 ай бұрын
@@AResilientLife thank you very much. I currently have two jobs and no payments other than my mortgage. Not bragging but sharing that nothing is handed to you but a shovel. Stay safe.
@AResilientLife
4 ай бұрын
@@jairohernandez7957 Thanks for the great comment. You're correct, "nothing is handed to us but a shovel."
@perrybrantley6188
4 ай бұрын
Enjoyed the video.
@neddythened2698
4 ай бұрын
Hi Ronnie this is great advice! It may be quicker to invest the mortgage overpayments in the stock market but it feels riskier and less predictable along the way. Like you I blitzed the mortgages and have been debt free for many years, freeing up that income gives you options. Financially I am planning to retire in 4 years, though my current focus is health rather than wealth.
@AResilientLife
4 ай бұрын
Awesome comment. Thanks for sharing. I'm sure others will be encouraged by reading your story.
@ruckinehround6965
4 ай бұрын
Hey Ronnie like your video. We are middle class. Mortgage free and have a little nest egg…retirement was going to be 55 but our government just increased the capital gains tax to 66%. Yes this isn’t a typo. 66%. Looks like we need to delay retirement. And consider a change in venu/ country for retirement.
@AResilientLife
4 ай бұрын
Wow! 66%? That's outrageous. PS - We got hit with some heavy taxes ourselves when we retired.
@martinbaer6570
3 ай бұрын
Been retired for exactly 16 years, and just turned 70. This guy’s view, blue collar, is mostly horse crap. I’ve bought and sold two houses since I retired. Those transactions have generated a huge amount of net worth. If a mortgage is available to me at 3.25% APR, and I have a portfolio averaging 7% APR…1)pay what I must to secure the mortgage 2) Make sure your income stream will support the monthly payment. I mean…pension..annuity…SS…and IRAs (which you shouldn’t touch unless it’s an income stream). Then go for it…real estate has been kicking @$$… bought a house..lakeside..for exactly 335k just 8 years ago….owe 105k now on mortgage, by buyers agent offered me 740k a few months ago.
@andrewminjiras5745
4 ай бұрын
Is paying off a credit card always the best policy? What if the balance is only 500 or 600$…if I pay off my card then my checking balance goes down. Maybe the most cost effective thing is to have no debt.
@AResilientLife
4 ай бұрын
I prefer to have zero debt. However, some people do use their credit cards for all purchases and then pay it off eah month. This might be an efficient way to track expenses... but one must be careful. Thanks for stopping by and leaving a comment.
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