650K net worth, started over from scratch at 34, home is paid off. Well done, you are financially independent! Well done. Congratulations!
@LegolasD
4 жыл бұрын
Nice, to start over financially is tough but mentally must be even tougher. And in a short amount of time. Congrats to her
@schlookie
4 жыл бұрын
How old are you now, if you don't mind me asking please?
@Hofftimusprime1
4 жыл бұрын
Doesn’t sound like she lost everything. Given her salary and savings percent it doesn’t add up.
@elianah8803
4 жыл бұрын
Hofftimus Prime I got the same impression, sounds like she lost a couple of rental properties. Sold her own property, took those proceeds and downsized paying for a new property outright. She didn’t mention losing 401K so in that regard, it could add up. If one doesn’t have a mortgage and is a saver, savings could pile up pretty fast regardless of salary. This was my impression on how this played out. Who knows? 😀
@roadrailn
4 жыл бұрын
Elianah agreed, I’d guess she’s 45 now so 11 years of saving doesn’t put you at 600k with an 80k job plus owning a house and maintenance/taxes/insurance. I’d believe maybe 200k
@cece2086
4 жыл бұрын
Ite funny how some consider this extreme, however living paycheck to paycheck, 6 figure student loan debt, living above your means as normal
@Corkfish1
4 жыл бұрын
Its jealousy
@user-td7xf3gz4l
4 жыл бұрын
Hahahahaha good point cece
@MsJDubU
4 жыл бұрын
It makes zero sense to have that debt for life instead of financial independence mentality
@VinegarMoneyGrows
4 жыл бұрын
It's almost like some group of people want you to be in perpetual debt
@beastfromtheeast9318
4 жыл бұрын
Yeah it’s a retarded way of thinking. These are the same people that call me cheap because I have a budget.
@marabookstagram
4 жыл бұрын
I wish she had a KZitem channel! Her story is really interesting.
@Cahluvca
4 жыл бұрын
@@ALCAN52 self discipline is hard for many
@GonzalezEzekiel
4 жыл бұрын
I wish she had her own private snap
@koopapro
4 жыл бұрын
GonzalezEzekiel smh
@ditteberthels9070
4 жыл бұрын
I also have my own house and car and no loans :D i'm 32 years old :D and also emergency fund of 20.000 us dollars - much less stressed
@retiredmanager510
4 жыл бұрын
Great job!!! Respect for her.
@Theogenerang
4 жыл бұрын
Good video. The funny thing is here in Australia the media is now blaming those who save every cent they can for an economic downturn. They say its effectively a consumer strike and too much saving is bad.
@Cahluvca
4 жыл бұрын
Yep..they want people to consume and rat race that paycheck to paycheck lifestyle
@ReggieLouise
4 жыл бұрын
Tabubil Yes, they think it’s a problem when we don’t save, then they think it’s a problem when we don’t spend. I think there’s been a lot of over consumerism in the past few decades and it’s better that the many don’t keep lining the pockets of the few.
@shannone6613
4 жыл бұрын
Awesome to see Tim and Amy, my favorite KZitemrs in this video.
@BrendanEvan
4 жыл бұрын
I'm not even sure this is delayed gratification. It's different gratification. Security over lifestyle. Wealth over entertainment.
@rohanm4214
4 жыл бұрын
dAMN
@Bigboss-xe6lm
4 жыл бұрын
Nah, not really. I live the same way. But keep 10% of the budget for my bucketlist, like skydiving, ziplining 2km+, traveling by motorcycle around Europe etc. As long as you budget in those things and dont overspend you can live an amazing life even tho you save and invest most of your money
@retrodog63
4 жыл бұрын
The dog walking part is brilliant. Walking is the best thing you can do for your health, along with diet. So you are making an outstanding investment right there, and the therapy of being with a dog. Can't get much smarter than that.
@angelikalaser7778
4 жыл бұрын
Such a nice surprise to see Tim and Amy here :) I love their videos Biancas story is not bad as well, lol
@LSantiago65
5 жыл бұрын
Love this series. Will you do more of these?
@idontgotnothin
4 жыл бұрын
Reduced his spending by $6500 a month. Let that sink in.
@konami1979
4 жыл бұрын
It's a sign that he was already a highly affluent person in the first place.
@yvetteshokere2411
4 жыл бұрын
That's probably his mortgage and utilities for that 6000 square feet house
@RemiXBailey
4 жыл бұрын
$18,000 'income' from 401k account, let that sink in too...6-8% profit of ~ $250,000 401k account?
@cu7695
2 жыл бұрын
Delayed gratification is key. A lot of Asian families live the FIRE lifestyle just don't know that term.
@Donato93
4 жыл бұрын
Great if you live in a small town, she has paid off her 30k house. And can ride her bike around the town . Try living in LA , NewYork or settle, as a flight attendant and then make a video .
@Donato93
4 жыл бұрын
Cbeddoe19 , unfortunately in a perfect world that would be the case. But in the airline industry your hours can change as it is a 24/ industry . And all major airport hubs are in the big cities that cost a lot of money to live. If you want to drive 2 hours each way to work no problems.
@Cahluvca
4 жыл бұрын
Dont live in those cities...
@stephania4940
4 жыл бұрын
ALCAN52 so true
@daniellikahong
4 жыл бұрын
Here in europe the numbers are WAAYYY lower than what I see. An income of 80k/ year is quite a lot in my eyes.
@moisejl1
4 жыл бұрын
The value of euro is quite different, the cost of living and spending culture is also not the same in europe, Europeans live a different way with their money. If you want to know more and chat let me know :)
@fingersmcoy
4 жыл бұрын
it is alot. i make fifty and live just fine
@daniellikahong
4 жыл бұрын
@@fingersmcoy What job you do? :) Just curious.
@fingersmcoy
4 жыл бұрын
@@daniellikahong electronic technician in a factory.
@tedb2776
4 жыл бұрын
Get into trading forex. Way better returns over everything else. You need to get a software/Algo that scans and automate your trades. I depend on mine and helps me a lot. I actually make a living off it trading as it earns me a good income monthly. I make about $10k in a bad month.
@robertroach1127
4 жыл бұрын
Beauty, brains, and common sense, killer combination!
@asadb1990
4 жыл бұрын
this i feel is the proper course of action. she saved plenty that she is way ahead of the game. however, for many people including me, i would find it hard to live on the uncertainty of a side hustle. so you keep working worry free. if you get laid off, you are not worried about paying the bills.
@MarcIverson
3 ай бұрын
HolyJeeeebus! Her tally for monthly expenses was insanely low! Plus it left no allowances for occurrences which are actually normal, like property tax/rent increases, food and energy increases, etc(no point listing them, you all will have your own variances). And compounded inflation is real, and something we all are living through.
@rajvo7406
2 жыл бұрын
Non-inflation-adjusted market return is 7%? What time period are you referring to?
@comrade916
4 жыл бұрын
This lady is an inspiration.. Americans bury themselves in debt in order to consume.. In my neighborhood, there are entire garages full of "stuff" that people just buy and never utilize. There is so much debt that when the next recession hits, look out...
@blackbeltfinance4026
4 жыл бұрын
On my FIRE journey right now 😎 💰
@FindleyOcean
4 жыл бұрын
This is being dependent on the market and you need to factor in early withdrawal penalties from 401k and taxes on gains.
@RVLivingYet
4 жыл бұрын
People always ask us how we can travel all the time while still in our 30s and then I explian passive income and thier eyes glaze over. We focus on the financial independence since I retired early and it made me depressed. Now we create travel videos on our channel showing people what is possible.
@genxx2724
3 жыл бұрын
“Their eyes glaze over.” Great description, they’d rather slave away for decades than pay attention and learn.
@jeanp.5929
3 жыл бұрын
I've gotten to the investment stage of my financial freedom a little late. At 32 y/o I've been able to save $200k but it was all through bank accounts. So now, I've opened a brokerage account and a Roth IRA account and hoping to rectify the situation by the time I'm 40 y/o. I do need to find a job as I'm back in school but unlike most people, I have a $3100 monthly pension from the VA. So, I'm not at FIRE yet but I think I will be 10 years from. But I'm still hoping to work though.
@robbfitz8602
3 жыл бұрын
Is there no property tax in Colorado?
@ellamarie9429
4 жыл бұрын
What if you wont have access to retirement ? I’m 32. By the time I’m eligible, the system will be drained. Hard truth.
@wakawakaabby4779
4 жыл бұрын
She is great !
@progypsy2343
4 жыл бұрын
Is it possible to contact this gal she is very sharp!
@mromneyobama
3 жыл бұрын
I retired at 42 though I still work easy part-time right now at 48, something to delay dipping big to my savings. The part-time work is really more on just a hobby now. House is almost paid off ($10K balance), kids' college savings had been saved except for the youngest.
@vince7735
4 жыл бұрын
Anyone pause on the book shelf to see the titles? Her hourly wage after 17 years as a Flight Attendant is insane. I didn't like the conclusion when she says she's in a better financial position than most Americans. While true, I would have put it differently.
@vince7735
4 жыл бұрын
@@ALCAN52 It's not just a matter of "not fucking up" as you put it, but luck. It's luck if you remain healthy and it's really lucky if you find a job that provides food and shelter with utilities. You come across extremely crude. Perhaps with all of your extra time you can take some self-help courses on how to be more empathetic. It sounds like you can really use it.
@CT-ob2bw
4 жыл бұрын
Watch that 4% rule. It is flawed based upon the research it was built on. The bond market stats that were used are completely different than it is today. The stock market too, given the globalization since Bengen did this research and reached those conclusions. The risk (among others): sequence of returns. But, expenses are relative. being out of debt is the number one key! Good luck.
@NickOloteo
4 жыл бұрын
How about 3%?
@CT-ob2bw
4 жыл бұрын
Nick Oloteo A couple years ago the WSJ reported that 2.8% was “sustainable” for 30 yrs with inflation. It’s relative though, like I said. If you’re young, get out, if in, of debt and stay out. Save all you can after writing out your budget. Revisit your budget monthly. Theses percent rules if you will...are just estimates- they are not hard and fast. It’s easy to become a millionaire. You just have to start soon and always be frugal. Heck, every time you spend money....you are giving away your wealth, so, you have to think before you spend and then spend it joyfully! Rock on!
@bruced.370
4 жыл бұрын
The rule only applies if you don't want to touch the principal. I'm targeting about 6%. I don't know about others but my expenses are way low when I will be 80 versus 65. And, I'm not leaving my money for others...I'm spending it all....And, most importantly, plan for SS after 62 and count that in your planning.
@CT-ob2bw
4 жыл бұрын
Bruce Dangelmaier the rule is flawed these days 1926-1976 historical data used. It addressed sustainability without regard to interest only. The young lady needs a Million cash to not touch the principal. Your capital utilization approach is more practical for most working folks and I like the fact that you’ve planned it and thought it through. You sound solid. Enjoy and teach!
@natesytacct
4 жыл бұрын
It also assumes a 30 year retirement, assumes depletion of capital is OK so long as year 30 is reached, and allows for a 4% failure rate. But I don't know that you have to go that far the other direction... There's some pretty thorough research by earlyretirementnow.com in part 19 of his safe withdrawal rate series, makes 3.5% (or was it 3.4?) with the right allocation look possible indefinitely.
@kablaam718
4 жыл бұрын
Yeah. Try that with 2 kids and a wife. Though, I wouldn’t trade them for anything. To each their own.
@badminverse2136
4 жыл бұрын
Some choose not to have kids. It is not wrong until the whole country run out of young people to support basic functions.
@Cahluvca
4 жыл бұрын
That was your choice...crazy part its couples with kids in the FIRE movement..
@Jayjs20
3 жыл бұрын
There must be a small army of super rich people laughing at the rest of us from their tower in the sky when they hear things like this.
@strawberrycheesecake7912
4 жыл бұрын
People like making excuse for how it wont be possible for them.(few are justified)Keep making excuses whilst others retire early
@lalew2
4 жыл бұрын
yep- they do have car payments, $1000 smart phones and taking expensive vacations.
@grillbaked
4 жыл бұрын
Not everyone wants to retire early.
@kaffdenge2713
4 жыл бұрын
There's quite a number of people that would retire today if they didn't have to worry about medical bills.
@carlosmendez1884
4 жыл бұрын
I just have one question: Is she single!?
@jaredtippets6255
4 жыл бұрын
She is hot 😍
@SurpriseMeJT
4 жыл бұрын
@James S She's probably a member of the mile high club many times over. Who know how much side money she makes up there totally tax free?
@SurpriseMeJT
4 жыл бұрын
She will always be single and never have kids because she's not about growth, she's just about sustaining her own life. The economy has basically created people who want to die off and pass on nothing.
@Chy-th3sj
4 жыл бұрын
My boy already thinking of getting his papers and living rent free with her 🤣
@LitoGeorge
4 жыл бұрын
whats impressive in this thread is the amount of creative thought, mindreading and clairvoyance. You guys won the lotto yet?
@EK-lp8od
4 жыл бұрын
My kinda girl! 😊👍
@Jesseg-rj6xf
4 жыл бұрын
Basically common sense
@danawood8103
4 жыл бұрын
Tim and Amy!
@danawood8103
4 жыл бұрын
Aka go with less
@ccfaves
4 жыл бұрын
Help me with my math but isn’t 24000 x 25 = 600,000? Not 650,000??
@PraneetCastelino
4 жыл бұрын
Main thing is to not have kids if you want to be financially independent early.
@kevinkappel8560
4 жыл бұрын
Children are not the ones who make you buy a new car every 4 years. They do not force you to buy a home you cannot afford. That is just a shitty excuse used by people who have kids and are too irresponsible with money!
@michaellaviola3125
4 жыл бұрын
@@kevinkappel8560 Isn't it hilarious how so many people will make an excuse. Its all about having a plan and making sacrifices. Buying new cars is literally flushing money down the toilet, buy you know how it is... gotta make people think you are doing good.
@eileenwright1742
4 жыл бұрын
Michael Laviola Literally?
@chineseslaves1971
4 жыл бұрын
That’s taking charge of your life.. seems like I’m underpaid but I have a great benefits package. I would never leave a place with a pension. It’s forced savings like real estate. I have nothing in common with over indulgent people needing instant gratification. Although I owe on a CA residence, there’s no helocs and equity builds fast. I don’t owe much on a different house. Making your own food is key to wealth. Course in retirement I will be able to go out whenever I want. If someone says they don’t cook, it’s just not a good quality. They don’t want all of the work but it saves a ton of money. To not cook means you pay for a personal chef your whole life, which none of them can afford.
@not_enoughmana
3 жыл бұрын
Her FI number is $650k?!?! In THIS housing market? Ohhhh wait, this was back in 2019 pre-pandemic, gotcha. No way you could do this on that number today I don't think in most places in the U.S.
@SamSam-qm1li
3 жыл бұрын
Amen
@Phlegethon
4 жыл бұрын
Then she sold at the bottom during COVID and now can't find a job as a flight attendant cause of COVID
@tricallyourmama
2 жыл бұрын
Being that the entire market is down I wonder where everyone is at with their stick investments whether it be index funds, etc
@saxologist1
4 жыл бұрын
$20 condo insurance? $55 car insurance? $180 groceries a month? Double all 3 in Florida.
@dickritchie2596
4 жыл бұрын
In the opening, she says she’s financially independent. But later in the video, she admits she’s still working.
@denvercatwoman6561
4 жыл бұрын
Right. She's still working, but if her job disappeared, she'd be just fine (except for the loss of health insurance). That's what financially independent means.
@dickritchie2596
4 жыл бұрын
Denver Catwoman Great. I’m on her side. I’m still stuck because I foolishly bought a house. Pressure from my live in gf. Hopefully I can do a strategic foreclosure and be rid of both.
@GorgonDrageil
4 жыл бұрын
The main point is CHOICE. She *chooses* to work, that's her freedom...
@dark_child8766
4 жыл бұрын
LOL keep believing that. Nobody with true financial freedom works a fucking job. If they do it's because their the boss. Only a fool thinks their free with a boss your just comfortable in your current situation.
@sebastianusami
4 жыл бұрын
@@dark_child8766 im financially independent and I work a full time job....
@dark_child8766
4 жыл бұрын
@@sebastianusami so why work quit.
@sebastianusami
4 жыл бұрын
@@dark_child8766 because I love what I do and I get paid for it, why quit?
@sebastianusami
4 жыл бұрын
@@dark_child8766 oh yeah, and i didnt get where I am by being a lazy sack of shit, so there is that.
@Azel247
2 жыл бұрын
35, just reached FIRE with 1.1 mil as a registered nurse. Still choosing to work part time at 30 hrs per week because I enjoy the job and to allow for more fun money
@M_SC
3 ай бұрын
Thank you for being a nurse! There aren’t enough nurses. I would be able to do it.
@brookenigh
2 ай бұрын
Like @M_SC, I would also like to thank you for your service as a nurse. I've been positively affected by many exceptional nurses. Heroes of our nation!
@perro7183
4 жыл бұрын
I've always lived as frugal as possible. Seems like common sense. If I can't pay cash for something I'm not interested in buying it. Minimalism and delayed gratification are the most important factors here
@markwhittaker6866
3 жыл бұрын
AGREED.
@karenhardie1132
4 жыл бұрын
Not having kids is huge. They are very expensive.
@sentry2236
4 жыл бұрын
I guess..??? If your kids need the "best", newest, and most of EVERYTHING... then.. I guess? Idk.. I think living vicariously through your children and or making your children so busy so that you can be busy enough to totally avoid interacting with your spouse can make them extremely expensive, sure. But idk your situation. I see those 2 things daily though.
@asadb1990
4 жыл бұрын
kids don't have to be expensive. its better to match kid's mindset with yours early on so the don't ding you too hard.
@Bigboss-xe6lm
4 жыл бұрын
@@asadb1990 Totally agree. Good point! Dont give them too much and they adjust. Dont compare yourselfs to others and you will be successful in whatever you want if you stay strong and keep away from the herd
@RationallyMe
4 жыл бұрын
But the FIRE podcasts most showcase families, not single people.
@Moocow9991703
4 жыл бұрын
I'm married with three children and we still manage to invest over 50% of our salary so it is very possible but just don't waste your money on yourself or the children then one day you'll be able to help your children immensely, good luck to everyone on their own fire journey
@shyro1251
4 жыл бұрын
This girl is killing it. Most of the people in the comments dont understand that shes a few years away from a mill because of compound interest. Take 8 percent of a million and its her yearly wage. She could retire rn but shes smart.
@user-td7xf3gz4l
4 жыл бұрын
SPX up nearly 30% YTD what a great year !
@welshhibby
4 жыл бұрын
Future cat lady !
@iangrant3442
4 жыл бұрын
You are correct.
@nordicpride9708
4 жыл бұрын
welshhibby Intelligent and gorgeous cat lady. Same as a purple unicorn. Good for her!
@iangrant3442
4 жыл бұрын
@@nordicpride9708 TEFL teachers speak with a clear standard English (UK). Good habits or behaviours have merited her success. Six pack and the V are the same. It takes effort and satrifice. Winners have this in their blood.
@personalfinancedeclutter5803
4 жыл бұрын
In other words, *a smart person with common sense!*
@user-td7xf3gz4l
4 жыл бұрын
Exactly
@jarred333Boss
4 жыл бұрын
ewwwwwwwwwww
@Henry0870
4 жыл бұрын
And a $60/hour income.....
@webfreakz
4 жыл бұрын
No... It's not common sense
@jahd5790
3 жыл бұрын
Sometimes you just get one like the other commenter only having common sense 🤣🤣🤣
@namastemcl
4 жыл бұрын
So smart to buy a used car with cash. If more people did that they would be so much better off.
@56jmoney
4 жыл бұрын
I bought my used car for $6500 cash five years ago. Still runs alright, but I maintain it.
@56jmoney
4 жыл бұрын
@Clear4ort You'd be surprised.
@Henry0870
4 жыл бұрын
Elreypachuco I bought a used (former company/lease) car just under 3 years old. Close to 60% depreciated....😬
@tdurden9532
4 жыл бұрын
I stole a bike and ride that, so I'm one level up, my niggah.
@metalmaster76
4 жыл бұрын
eh, in some circumstances buying a car on finance can be smarter than buying an old clunker. As long as you have equity in the car, and you are aware of the cash flow it can be just fine. There are no blanket statements with financials. obviously if you dont have much money than your options are limited.
@blakemosley4647
3 жыл бұрын
With the right financial plan, early retirement is possible. Most investors hope for the best from their investments, but base their financial goals on unrealistic assumptions.
@jackwyatt9649
3 жыл бұрын
The reason more people don’t retire millionaires is because they are more focused on their short goals and enjoyments than planning for the future.
@bernardogutierrez8392
3 жыл бұрын
My stocks and crypto portfolio are enough to get me an early retirement.
@anneparker4436
3 жыл бұрын
@@bernardogutierrez8392 The risks in these investment is what I can’t deal with, it’s why I mostly focus on properties. I’m considering it though, I should put some cash to work.
@DavidMiller-du9dy
3 жыл бұрын
Picking the best in any category requires some work.
@henryjones6303
3 жыл бұрын
@@jamesowen9384 That’s something I’ll like to work with, how can I effectively connect with him?
@mindexpanionmedia
4 жыл бұрын
I bet this payed off for her extremely well during Covid 19
@TartarianTopG
4 жыл бұрын
ALCAN52 wow!! If you don’t mind, what’s your fire number? Or did you go past it?
@abyss104
3 жыл бұрын
@@ALCAN52 I was always told a 401k is good. What's wrong with it?
@abyss104
3 жыл бұрын
@@ALCAN52 Why do guys like Dave Ramsey tell people to get 401kS?
@igot5onit423
4 жыл бұрын
The most impressive thing to me is she only spends $180 on groceries 👍
@IgWannA2
4 жыл бұрын
But she also spends about $120 a month on eating out (3:55), so $300 total on food.
@koopapro
4 жыл бұрын
Single no kids very doable
@dhaval1122
4 жыл бұрын
She is a flight attendant and travels, thus the days she will be outstation, she will get vouchers/reimbursement on food.
@mx2411
4 жыл бұрын
Single income and no kids, you can retire pretty quickly.
@iangrant3442
4 жыл бұрын
She has no kids.........You never get it all...............Focus, direction, and a plan is her goal. It works..............
@iangrant3442
4 жыл бұрын
@Leon The Professional I agree. My daughter costs me a fortune. (University fees and accommodation) However, babies are nice. She may regret it.............Her body clock is ticking..............I have a dancer's body. She has too.......Money is not all.
@iangrant3442
4 жыл бұрын
@Rodrigo Barriga Gibson Life is not just about money. 50 and the lonely years with no-one to take on the legacy..........Saving with no end plan may be wrong.
@iangrant3442
4 жыл бұрын
@Rodrigo Barriga Gibson People are just people to me. Mindset with a plan does work. However, buy second hand for your child and save. It can be done. My daughter is fine. I assist her to have good habits. Degree then to invest in shares. 10 women do not clean bathrooms. ( my daughter).. I am a realist......
@slaiyfershin
4 жыл бұрын
I believe a single income with no kids is the same as 2 incomes and kids. The extra spousal income will cover the kids and even assuming nothing extra to carry over, you should be able to still have a single person's worth of income per year . Unless you have octuplets or something.
@willelliott5052
4 жыл бұрын
Smart lady. The average American is financially illiterate. Live at least frugally enough so that you can afford to save and invest vigorously. Avoid any debt except for possibly a mortgage.
@AmberU
4 жыл бұрын
I think thats by design to keep most ppl ignorant. Personal finance should be in elementary school curriculums and beyond.....
@rudystraight1750
4 жыл бұрын
@@AmberU lmaooo what an ignorant person u are. YOURR ALL DEAD BY 2030. UNITED NATIONS AGENDA 21. FUCKIN BRAINDEAD SHEEP SLAVES. YOU GUYS ARE FUCKED😂
@rudystraight1750
4 жыл бұрын
@@brownie43212 do you research. A simple google search agenda 21. 17 goals by 2030. Few of em are to ERADICATE POVERTY HOMELESSNESS AND WORLD HUNGER BY DEPOPULATION. THEY WILL CONTROL ALL LAND AND RESOURCES. MEANING NOMORE EATING SHOWERING OR DOING W.E U WANT AMYMORE
@sentry2236
4 жыл бұрын
@@rudystraight1750 #triggeredin2019 Yikes. Is the point of being aware of agenda 21 and agenda 2030 to treat people like that until the UN wipes us out? Give people a break. You were a "sheeple" until you clicked on a KZitem video too. So kick back. It's not easy to come upon this info
@calisongbird
4 жыл бұрын
Rudy Straight baseless conspiracy theory www.splcenter.org/20140331/agenda-21-un-sustainability-and-right-wing-conspiracy-theory
@pedrohernandezjr4340
4 жыл бұрын
Finally some good content that came up in my recommend list.
@drdwgmd14
4 жыл бұрын
The community of FIRE is phenomonal , I like how they get together!
@wanelly
3 жыл бұрын
They have time which most of us are busy trading for $$$
@crtmojo2705
4 жыл бұрын
It’s all about getting a good job with good pay and living cheap. Savings are exactly what many people are missing. A lot of people tend to spend nearly everything they earn.
@MooxLive
4 жыл бұрын
I love how she added *charity* to her expenses at 4:37 I wish her the best
@@MooxLive Agreed, but I don't trust most charities to ensure the money gets to the people who need it most.
@MooxLive
4 жыл бұрын
@@DeusExMachina50 true
@useruser_notinuse
4 жыл бұрын
@@DeusExMachina50 I agree but you can Do it yourself, I don't give to charities but i'm more comfortable giving directly to people in need. The only downside is you have to dig to find those people who really need help. Your friends and community can help!
@AmberU
4 жыл бұрын
And I can appreciate her reboot she lost during the recession but learned how to rebound.
@strattamatter
4 жыл бұрын
Lemme get this straight. Lost all her real estate investments in 08' and had to "start over". Bought a house in the crazy Denver market in 14' with cash(?) Cash from where? I feel like I'm missing a piece of the puzzle.
@ritai7787
4 жыл бұрын
That's six years so if she saves
@bigpoppa4094
4 жыл бұрын
in 14 the housing was still cheap in denver. It went up about a third since then. "crazy denver market". lol come to the SF bay area buddy. Denver is nearly free compared to here
@chandradevance2969
4 жыл бұрын
The money from her short sales
@zacpohlenz5252
4 жыл бұрын
2014 Denver real estate wasn’t nearly as expensive as now
@faithmwanzia8416
4 жыл бұрын
The aspect that stood out for me was that she went from making $14 to $60 through her career .She knows what she is doing and that’s awesome.
@theQuestion626
4 жыл бұрын
Yeah but she didn’t exactly explain how she did it. I mean I’m sure she’s a climber and I’m sure her looks came in handy. I’m trying to remember a flight attendants are unionized that also might be a huge help
@kingofrivia1248
2 жыл бұрын
@@theQuestion626 Tbf when you dont need a job you have massive leverage when talking about pay. I cant tell you how many times i just quit because i didnt get a 5 dollar raise. I always find someone willing to pay it eventually, when you have student loans and other debt you cant do that.
@theQuestion626
2 жыл бұрын
@@kingofrivia1248 is that so? What evidence do you have be on your personal experience to support this rather outrageous claim?
@justsnappy
2 жыл бұрын
*When a Flight Attendant gives hourly wage, know that FAs don’t work the standard 2080 hours per year; it’s closer to 1000 hours.*
@commonsenseamerican6702
4 жыл бұрын
I need to find a woman like this for my life!
@mylifethaidiy7045
Жыл бұрын
Can you handle the dogs though?
@saidawisemanvideos
4 жыл бұрын
People should be educated in childhood about financial common sense and how to retire early. Well done to this lady.
@mylifethaidiy7045
Жыл бұрын
Sadly the school system does not want that. There would be too many chiefs and not enough indians. This country is built on people being in debt.
@RhinoXpress
4 жыл бұрын
There was a study done not too long ago that the longer someone works the less prone they are to getting brain diseases like alzheimers and dementia when they get older. makes sense. Working keeps your mind sharp. She's right just because you're retired doesn't mean you stop working. I know a guy that's 82 who cleans carpets. he told me if he stopped working when he retired at 65 he'd probably be in a nursing home right now mentally rotting away waiting to die. He said being able to still work at his age has undoubtedly extended his life. I believe him, he's still pretty mentally sharp and doesn't even look 82. If i didn't know his age i'd think he was still in his 60's.
@Cahluvca
4 жыл бұрын
Folks really do think many go full retirement..they just aren't in the rat race or have the option to work on something they want
@skyecairo6997
4 жыл бұрын
The one thing that is a tad discouraging/reality check is that she bought a house before the 2008 real estate crash at 24 years old. And at the time of the crash she had 3 houses. And this is in Denver, CO, before Denver became a very desirable location to live. When you are able to obtain capital and assets that early, it makes the rest easier to obtain later. So I don't envy her - this is 99% luck and having a step up in the first place. Most 24 year old Americans in 2020 can only dream of affording a house.
@01happykat
2 жыл бұрын
There are plenty of 24-year-olds in America who do buy homes -- it's called careful planning through intentional living, i.e., not spending everything you earn and even more. I could've purchased a home at 24 because I had been very intentional with my money and had worked hard since my pre-teen years. (No, I didn't earn much at 24 either.) What I did not do -- and still don't do in my 40s - is spend everything. What people outside this movement don't understand is that it is not just luck that gets you to FIRE (or retirement at any age), it's intentionality combined with good choices. Sure, luck can play some role, but mostly hard work and careful planning are key. I could be considered FIRE, but I have no interest in retiring in my 40s because I have so much more to contribute to my career field that it would be silly to leave. Even though I could spend frivolously at this point, I still choose NOT to. Why should I waste what I work so hard to earn when I can do something better with it?
@opaljohnson7428
4 жыл бұрын
She is very wise Not to quit her job with full healthcare. She’s probably just a few years away from getting healthcare paid for by her employer when she retires. The major drawback of the FIRE movement is healthcare
@Haesteining
4 жыл бұрын
If you count that in and other expenses like your kids collage etc you should be fine. A good benchmark might be a 2% of what you think at first. Then it'll just continue to grow as well.
@johns4651
4 жыл бұрын
But that is only in the US so not really an issue for most people. EDIT: I mean in UK or the rest of the world. FIRE is a global phenomenon.
@user-td7xf3gz4l
4 жыл бұрын
Healthcare is done at a personal level. Medical care is the expensive part and many times unnecessary
@2anonymous
4 жыл бұрын
I'm in the US. I work for a small company and must provide for my own health insurance. I'm on paper FIRE ready. The way the health insurance market place is set up, I would actually pay a fraction of what I pay for health insurance now if I "retired" and reduced my income stream and lived off my investments.
@777pezz777
4 жыл бұрын
Not if you live in Australia or the UK.
@jmc8076
4 жыл бұрын
Congrats to her. One point though owning a home always comes with added expenses incl taxes, insurance, minor/major cosmetic upkeep/changes both inside and out. Rule of thumb for maintenance is 1% of home value...for a $360k home budget ~3,600 per year ($300/mth). It can go up to 5% for old homes (often money pits.)Also appliances can suddenly stop working or need fixing often unplanned and cost more then planned. Also add in fees for resell if/when you want or need to. A home or condo may not be easily liquidated when needed esp if markets go down. Take all of this into account with real estate.
@adam872
3 жыл бұрын
She sounds like she has her shit fully together and I applaud her for that. There is nothing wrong with choosing to work either. The key thing is having that choice. I don't think I'll ever completely give up work, because I quite like what I do, but I'm nearly in a position where I could if I wanted to.
@cayden3470
4 жыл бұрын
I want a wife as frugal as her. Some people are just incredibly lucky to have people like this in their lives
@SurpriseMeJT
4 жыл бұрын
She doesn't want someone like you or anyone for that matter. Women over 35 who are not married are usually basketcases. Flight attendants are close to hairdressers and strippers in the crazy spectrum.
@cayden3470
4 жыл бұрын
@@SurpriseMeJT I was talking about her frugality.
@robertndegwa1218
4 жыл бұрын
But it appears she's nobody's wife.
@britjj5126
4 жыл бұрын
Jay Tee LoL wow! Who hurt you?
@Cahluvca
4 жыл бұрын
@@britjj5126 😂😂
@johnappleseed203
4 жыл бұрын
I'm a flight attendant and on the same journey. This job is too amazing to give up. Good for her!
@bigpoppa4094
4 жыл бұрын
she has been there 17 years. that is a lifetime
@stephania4940
4 жыл бұрын
Big poppa you retired sooner than 17 years?
@bigpoppa4094
4 жыл бұрын
Stephania Vazquez no, not that old and haven’t worked for 17 years. Let alone at the same tedious job
@stephania4940
4 жыл бұрын
Big poppa yeah I can’t imagine staying at the same company longer than 2 years frankly.
@Veronica-tk9rl
8 ай бұрын
same!
@fingersmcoy
4 жыл бұрын
people, you are being lied to by this video, by these people. think about it. use your head. yes, we all could benefit from spending less, living below our means, but this dream of retiring at forty, thirty, hell i have see a video that said 25. its ridiculous. first of all, you would need passive income, which means depending alot on the stock market. or owning rentals and having to live with the stress of being a landlord, which sounds good on the surface, but truts me, its not all that great. as for the frugality. listen to what these people claim. they live in vans. if they do own a house, they rent it out when the go on vacation? are you kidding me? their kids, if they have any, wear other peoples rags. listen, be smart with saving, but you have ONE life. Money is meant to be enjoyed!!! These are no way to live!!!! And I personally dont want every minute of my life dedicated to how I can make more and more money without earning it, which is what passive income is. One more point. Why do you think these people are on here, bragging and feeding you half truths? Because they are getting PAID!!! This is their passive income. There have been schemes for centuries, and this is just another one. Talk to real financial advisors, who can help you save money better without having to eat beans six days a week.
@mellorland
4 жыл бұрын
I knew she worked for southwest Airlines! I work for southwest too!! Our 401k's and profit sharing is amazing
@bigpoppa4094
4 жыл бұрын
heard southwest matches up to 9%?
@mellorland
4 жыл бұрын
@@bigpoppa4094 Matches 9.3% plus 10% to 13% of what you made that year profit sharing (thanks to covid that may not happen this year....) but on a typical year if you put 10% in your 401k the company gives you 20%+ thats an eqilivant of 30%+ of your income is being saved for retirement.
@bigpoppa4094
4 жыл бұрын
OwlBear “May not happen”. Lol that is pretty much a guarantee LUV ain’t making a profit
@mellorland
4 жыл бұрын
Hey! Don't underestimate southwest lol
@bigpoppa4094
4 жыл бұрын
OwlBear aren’t passenger tickets down 90%, and are not showing further demand in the months to come. Southwest lost almost 2 billion last quarter. What am I missing ?
@bibisuperstar6796
4 жыл бұрын
I agree it can be that easy, move out of the city, start in your 20', don't ever get sick, don't have kids or other humans that may depend on you financially and you can retire at 40. In would love to revise these people at 60.
@stephania4940
4 жыл бұрын
What a negative Nancy
@strangerdanger8462
3 жыл бұрын
@@stephania4940 But it's just the truth
@victordonavon292
2 жыл бұрын
@@strangerdanger8462 You might want to read Millionaire Next Door by Dr Thomas Stanley and Everyday Millionaire by Chris Hogan. You will find that your premises are by and large based on false and skewed premises at best and patently untrue at the worst. Until then, hold your tongue on claiming to know the truth on such topics
@deniseowens4543
4 жыл бұрын
I am retired it will be 2 years on July 6. I have been working since I was sixteen sometimes working 2 jobs my son is grown . My job in banking was very stressful the work ethic of the younger people who I manager was non existent. Never in my life did I hate going to work so bad I paid off all my bills walk in one April morning and said I will be leaving in July. They begged me to stay offer pay increase . I loved it I do what I want when I want. Such a Blessing!!
@scottriggle8039
4 жыл бұрын
Its not easy to save with the high cost of living but if you are willing to make big sacrafices it is possible to save. I know a 33 year old who has almost a years worth of money saved. This person has never made more than 50k or 60k in a year but they rent rooms and cheap apartments, they put the money they save on rent in an index fund that gets 7 or 8% per year, they bought a used Toyota Corrolla for 1.2 the price of a new car and its still running 10 years later. This person generally doesn't buy more than they need although over the years they have slowly accumulated alot of skiing and mountaineering equipment and they do go on a week long road/camping trip every summer. Their living situation is not ideal they have encountered a few messy/crazy housemates and one crazy landlord. They put up with a less than ideal living situation because they don't want to live paycheck to paycheck. They are on track to retire at 55, they don't plan on stopping work entirely they want to move to a pretty little town and get a part time fun job.
@davecisneros5285
4 жыл бұрын
It's hilarious that "don't have debt, own a home and save money to retire early" needs to be classified as a school of thought or club. That's just common sense.
@txspacemom765
4 жыл бұрын
Stop buying useless stuff, work some side gigs to pad your accounts, know what you truly spending, find joy and be happy!
@yangbestari
4 жыл бұрын
We need an update because her portofolio must be impacted by the pandemic market drop and she must not be flying as often.
@FIRE-gr4cf
2 жыл бұрын
Financial Independence Retire Early is a big trend right know. Thanks for sharing your knowledge through the video! Lets become F.I.R.E. as soon as possible! :)
@enigmathegrayman2953
4 жыл бұрын
Stay off the debt game, limit or have very minimal responsibilities and you can retire whenever you want. This video is extreme, it can be done but requires a lot of discipline and dedication. There’s a difference between delayed gratification and deprivation.
@wduprevil
4 жыл бұрын
I dont think it's extreme. What's extreme is people taking on huge student loans for degrees that arent conducive to lucrative careers. More extreme yet is the number of people who are taking on huge car loans and mortgages that are too burdensome. This is short term pain for long term gains.
@stephania4940
4 жыл бұрын
Lili Tom yep my whole generation is going to have a rude awakening when they realize post grad that they paid 100k and sometimes upwards of that for a piece of paper.
@mylifethaidiy7045
Жыл бұрын
I was saving 80% of my take home paycheck to, because I saved up and paid cash for my house. That's the key.
@spencercampbell8396
4 жыл бұрын
How exactly did she "start over financially at 34" and then seemingly pay off a house immediately?
@redunicorn7760
4 жыл бұрын
She didn't say that, she said she bought it in 2014, she also saves a lot so she could probably by that modest home within 1 or 2 years
@RandomAK1
4 жыл бұрын
I thought that also it was the way they filmed this that was confusing
@TheNotSoFakeNews
4 жыл бұрын
She didnt buy it when she was 34, she bought it years and years later in 2014. The way they edited it was confusing.
@NC-se9zj
4 жыл бұрын
It's possible. I used to be a airline agent . Some of the agents would work the system, quick turns , double time etc . They were pulling in $120k. I valued my sanity and never made that much.
@theQuestion626
4 жыл бұрын
How fast did they burn out? I mean I’m kind of tired of hearing all these clichés about “hard work” and “sacrifice” I have seen the very people you described burn out so very quickly. Before they were even 30 they had addictions emotional problems not to mention health problems that go along with it. Hard work is important but Americans seem to think working yourself to the point of mental and physical breakdown makes you righteous or some nonsense. God help you if there is a stock market crash or a severe economic downturn, you know?
@stephania4940
4 жыл бұрын
theQuestion626 addictions?
@theQuestion626
4 жыл бұрын
@@stephania4940 yes. Addictions. Alcoholism addiction to substances of any type. It happens more often than you might think. Specifically many flight attendants are alcoholics by the bay as our tradesmen. Wall Street brokers are also notorious addicts. That’s what our hyper competitive society creates.
@mylifethaidiy7045
Жыл бұрын
@@theQuestion626 Software engineers reach fire by age 35, because they know that they will burn out, because they are pushed so hard.
@msnoonan
4 жыл бұрын
Where one chooses to live makes a big difference in whether financial independence is even possible. It appears she lives in Denver, CO and that $75/month ($900/year) she's paying in property tax equates to a condo value of around $150K, given the average Denver tax rate of around .58%. That's in a city where the AVERAGE condo price is closer to $300K. We don't see all the size of the condo or the other attributes, such as the neighborhood she's in, but I'm assuming it's quite small and maybe not in the greatest location and people need to understand she made the choice to live there and others may not be willing to. Also, where's the cost for her condo heat on her monthly expenses. She lives in Denver and it gets cold there.
@nordicpride9708
4 жыл бұрын
john Valid points and the data would bring clarity.... However, most Americans (about 78%) live PAYCHECK TO PAYCHECK! So even if she sacrificed more than some would by living in a “affordable area”, she is truly financially enlightened. Meanwhile most people don’t even have $1000 for a emergency fund. Keeping up with the jones is a choice we all make. Is impressing people a priority for you? Guess that’s different for all of us. But the point is she applied proven steps to becoming finically independent. We can all take something away from that. Even if it doesn’t exactly play out the same in every scenario across America.
@Cahluvca
4 жыл бұрын
Move to a cheaper area...if not that the consequences of high cost of living
@duthegee
3 жыл бұрын
4:24 60/HOUR?! Wow I didn't know flight attendants get that much.
@justsnappy
2 жыл бұрын
Capped around 1000 hours per year. So, that’s not a lot
@prestokrs1
4 жыл бұрын
"we thought we we're frugal; we had a 6000 sq. foot house". Uhh that's like the definition of not frugal bro!
@rillyjo5810
4 жыл бұрын
Reduced his expenses by 6500$ a month. Lol
@Robertking1996
4 жыл бұрын
Rilly Jo he was seriously banking then
@IgWannA2
4 жыл бұрын
@@rillyjo5810 And ready to retire within a year lol. It's funny to think there are people who have a high income but just fritter it away on unnecessary spending, and end up having to work til 60+ to support that spending when it doesn't actually make them any happier, but the 9-5 job makes them unhappy.
@frankish5314
4 жыл бұрын
Excellent.. i did the same thing and quit work at 52.:)
Money should not be an end in itself, it’s a means to an end
@pensatoreseneca
4 жыл бұрын
Bill shit! There’s no way you can retire at that age as a flight attendant. Lufthansa male flight attendant here
@Psi01
4 жыл бұрын
I feel like FIRE is way on the other end of the save vs spend spectrum. The average % of savings for Americans is around 9%. Some people in the FIRE community are saving 75% instead. The recommended percentage of savings is 15%. I think people should aim for something like 20% or 25%. Of course that varies, depending on your income and cost of living, but I think people should enjoy the fruits of their labor through spending, while also enjoying their money grow through compound interest, which works better if you're able to consistently contribute annually over a long period of time.
@MoorishBrooklyn
4 жыл бұрын
Very good and experienced perspective she has.
@jeffc1347
4 жыл бұрын
The 30 year mortgage is insanity and the fact that it is considered normal causes huge problems in society. It inflates the cost of housing, allows people to buy houses that are way too big for their incomes (which increases utilities/property tax/cleaning), decreases density which also leads to affordability and transportation issues in cities. There's literally no reason for this problem other than the constant desire for conspicuous consumption. I have a relatively small house with a 15 year mortgage, people need to put their money where their mouth is to get things to change.
@markp.7165
4 жыл бұрын
First let me say I owe No One Anything!! I have 3 cars, two houses one being a rental and have been given nothing except maybe $50 at Christmas by my dad. My wife and I working full time have never made over $100K per year combined and many years far less than that. We have 4 kids, two who choose to go to college but are helping to pay for their educations. We have lived a great life enjoying many of the things people tend to enjoy like family vacations and attending sporting events etc.... The difference in us and some others is we did everything with a budget mindset. I'd bet however that no one that knows us would call us tight or cheap. We did not let it consume us or define us that we were on a tight budget. That mindset has also transferred to our kids who are now also budget minded as young adults which we are very proud of. Owing someone for something worth owning is not a bad thing. Owing for something that's worthless is what dooms most peoples financial futures. My point is while trying to live your life frugally don't forget to live your life!
@MarcyJ2F
4 жыл бұрын
Mark P. I’m sure she took that into consideration and decided that this was the course for her. That’s what she choose to do, I’m not sure why it’s sounds like your defending your lifestyle.
@vanessad.2625
4 жыл бұрын
It's about choice man, if this is how you choose to live than fine. But she chose a different direction and that's ok too.
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