Early Retirement for Young Millennials | Letting Go of Hustle Culture | Is FIRE for Regular People?

[@alexuscann]

I’m 28 and I’m not going to make it much longer in corporate America. Recently started my business and making my exit strategy ‼️

[@AdaliaAborisade]

🙌🏾 Definitely increase your savings rate!

[@drjymarshall]

@@AdaliaAborisade I love love love watching you work with Keyoka. Providing so much education. It was beautiful to see & I loved all the light bulbs coming on. I’m a GenXer & I have been learning so much in your, Roshida’s, Stephanie’s, & Keyoka’s channels about the young folks. I have none in my life & am out of touch. 😂😂 😂 This was wonderful! Keep doing what you are doing!

[@ClayMastah344]

Same age group and feel the exact same way

[@AliciaHawkins4]

I am totally here for an early retirement!🎉

[@MinervesOnTheMove]

I will be retiring at 40 sis! Love this for black women.

[@NoorD972]

I’m 27 and ready to retire 😩 I quit a teaching career after 3 years. I felt toxicity from the job itself and as a black Muslim there was secret hatred towards me also. The truth is ALL OF US work hard!

[@FreeBlackLady]

Just watched and immediately shared with two young Black women in my life because NO ONE made it plain with compassion like this conversation embodies. ❤

[@AdaliaAborisade]

🙏🏾

[@dionysus9876]

I literally had this thought the other day! I am 34 and so ready to retire. I have been working since I was 14. On top of going to school, for the majority of my life. 20 decades of work, and I am tired! And I'm done with the farse of it all.

[@AdaliaAborisade]

You got this! Now is the time to start figuring out your number and increasing your savings rate so that when you ready to go you can.

[@Jess-A]

This Generation is Way Smarter

[@actionvj]

6:55 “I went on this trip and had this expansion of my world view.” THAT’S what traveling can do and why I hope more & more of our people get a chance to do it. This was a great conversation about work, retirement & money. As a GenX’er, it was good hearing the perspective of a different generation. I definitely learned. I hope you consider doing a part 2, just to talk travel. 👍🏾

[@sabrinamadison8769]

Wow. I wish i had this thought process twenty years ago. But I'm done this year (50). Congratulations to you.

[@roxiepayton5864]

I followed Dave Ramsey and coordinated Financial Peace University. I was also a student. It worked for me. I applied the principles. This is how I got out of major debt. Managing your money is no joke! Lol!!!

[@Uplift3704]

I love FIRE discussions. Can you please interview "APurpleLife", she is a black woman who retired at 30 and travels

[@AdaliaAborisade]

Does she do public appearances? I thought she was trying to keep a low profile.

[@tacrewgirl]

Never heard of her but I'll check out A Purple Life

[@Uplift3704]

@AdaliaAborisade She does interviews but does not show her face. I learned about her from Choosefi KZbin

[@KB-fe2pg]

@@tacrewgirlShe’s also been on Journey to Launch & Bigger Pockets Money.

[@roxiepayton5864]

I retired early at 55, and I'm 56 right now. I knew in my 20s that I wanted to retire by 50! Now I'm desperate to move abroad, but I'm need to figure my finances adequately. I own a home, not interested in dealing with it. I have a 28 yr old daughter who needs help in many ways. She is not able financially, so my only dilemma is figuring this out financially for myself cause I'm outta here at some point! Lol!!! Help a sister out here..😂

[@its_cinnamoni]

Hi Roxie we got alot in common lady. We'er similar age w/ a daughter also similar age. I'm ready to retire too. Are u leaving your daughter behind to go abroad? I don't wanna leave mine behind but momma gotta go live her life LOL

[@roxiepayton5864]

@its_cinnamoni that's my goal is to leave her behind shoot! 😆 🤣 I don't know, tho? She's not self-sufficient. That's my only concern. Long story behind that. I'm ready to live life and experience life outside of the US. Folks have depended on me for far too long, and I'm ready to put some distance ya hurd meh?

[@CLTrattler704]

I am 55 and would love to retire soon, but I have a few more years. 😀

[@roxiepayton5864]

@CLTrattler704 my job stressed me almost to the point of mental breakdown. I knew it was time for me to go. I wasn't giving them any more of me. I was getting sicker and sicker. Being the only breadwinner in my house (single) I retired early before I got myself fired. I wasn't going out like that after 35 yrs of service.

[@CLTrattler704]

@@roxiepayton5864 - You did the right thing!

[@Jess-A]

When I was growing up, my parents said get skills to get your own business; not working for anyone. Something you are passionate about.

[@javonnamaerhys]

I do hope the younger generation listens and shifts their mindset around work. If I had known this is my 20’s?!😂

[@AdaliaAborisade]

Right?!

[@TravelNearorFar]

I’m trying to be out of the workplace by 60! 💯💯💯💯

[@edithdonaldson9483]

Execellent conversation Adalia and Keyoka. Thank you Adalia for walking Keyoka through this process. Thank you Keyoka for allowing all of us to learn through your questions. My daughter is 30 & will appreciate this conversation. Much Love Stars ✨💫⭐️

[@Ms_Gfannin]

This is so good! So glad that you had this conversation, I shared it with my daughter and will share with my nieces!

[@Zeninroam]

I’m so happy that I’ve found this video. ❤ Rethinking my move to Spain to save more somewhere else!!

[@AdaliaAborisade]

🙌🏾

[@andreanalife]

Soon as I have the savings stacked and my business clients I'm outta corporate! It went from so so to a complete disaster after the pandemic. They're on some other stuff! I can't with them anymore smh

[@MichelleLynnThompson]

Hello Adalia and Keyoka! Loving the extension of the conversation! ❤

[@Ali4Beginners]

Ongoing conversations about money and living an ideal life with younger generations are so needed, I love this topic 💯

[@Inunity2020]

Total breath of fresh air ❤️

[@Jess-A]

Fidelity, Vanguard, Charles Schwab

[@CLTrattler704]

I love the concept of FIRE. Great discussion and I am proud of this young lady.

[@roxiepayton5864]

In the US, you almost have to constantly replenish what we spend voluntarily and involuntarily.

[@DJ-cr8qb]

More control with our time🎉🎉🎉🎉

[@AdaliaAborisade]

🙌🏾

[@01akqueen]

Keyoka, take a look at Our Rich Life's F.I.R.E. journey. They were VERY young when the began seeking FIRE and I'd say they are definitely retired, in their 30s-40s, sending kids to school.

[@MsRiceTravels]

This was a great conversation! I’m in my 40s and still learned a lot!

[@AdaliaAborisade]

Thanks for watching!

[@AngelaRochelle]

@Keyoka, didn't I tell you I need written notifications of when you'd be live 😂 I'm glad more people got to meet fabulous you today! ❤

[@AwkwardBlackNomad]

💀💀💀💀💀@AngelaRochelle I gotta do better!! Thanks for tapping in 🫶🏾

[@jaegee3716]

Hold up the HSA i had 1 at Whole Foods that I STILL have that money still on the card 5yrs later

[@Jess-A]

Amazing guest. Keep your chin up young lady.

[@cheryldurham6021]

Hello Adalia. This was an awesome discussion. I am so glad I caught this on the replay. I loved the fact that the young lady felt comfortable enough to ask questions and truly voice concerns about her retirement, being judged and other things. I will definitely be sharing this with a number of young ladies and encouraging them to subscribe to this channel.

[@GigiLee-p7f]

I will be 66 soon and I will be retiring in a few months. Nothing is wrong with me mentally. I'm in good health mentally and physically.

[@danox2851]

I need to figure out a way to make some money and retire

[@lookintoyourlife]

Such a timely conversation! I’m 31 and just started learning about investing and FIRE with the goal of financial freedom and not working forever. Glad to know I’m on the right path🙏🏾

[@AdaliaAborisade]

🙌🏾🙌🏾

[@stablemovement]

Absolutely, informative and educational. Thanks, sis!

[@AdaliaAborisade]

You're most welcome

[@SkyScraper-w4w]

I love retirement for you. You do not have to work long to work hard- cheaper to rent than own!!! De Loren

[@bethan.gruffydd]

I really loved listening to this conversation. Great content, Adalia

[@MichelleLynnThompson]

Thanks for the details about investing with an HSA. I understood your explanation, Adalia.

[@LetsTalkAboutItWithMara]

I’m 31 and sheeesh !!! Love this community 💕 . Early retirement is Goals mini retirement

[@marciamccaskill9646]

Hi 👋…watching replay 😊

[@Jess-A]

The major problem is the high Cost of living in the US.

[@angelasamuel1169]

So glad you interviewed younger generation person who has accepted that there’s a different way to approach working. I’m older, but certainly thought of my daughter, nieces, and their friends. Ever considered doing an investment challenge for 20-30 year olds, especially during a college students winter break? That may interfere with Vlogmas or you winter retreat, but just throwing that out there. As always, THANKS for sharing your valuable content. 😊

[@AdaliaAborisade]

It's definitely something I'm considering

[@Jess-A]

Or pace yourself and enjoy the journey and the ride. There’s no rush.

[@roxiepayton5864]

Yes! Helping people to understand all the tools of investments. I need to understand outside investment.

[@SkyScraper-w4w]

Do not invest in depreciating assets or lifestyles and you will go far. Do not buy a house.. but save for one;)

[@tracywalker244]

Love this!

[@jaxonwilson4722]

So well said!

[@sweetandsimple.]

41:52 your face and the nonchalant way you said your money tripled doing nothing cracked me up 😂

[@fdoctor79]

This was such an informative and insightful conversation. And this is why I am for financial literacy being taught to kids at an early age because if you don't know, you will not grow! Tfs

[@Jess-A]

I totally agree. Individual stocks require some know how.

[@Jess-A]

Happy Friday Picky Girl Nation.

[@SkyScraper-w4w]

You know we had it ruff!! Thanks for acknowledging ❤

[@Aba_Ifeoma]

Forget about them stuck GenXers and Boomers! Retire as early as you can!

[@kemi1486]

Loved this so much 🌸✨🌺✨

[@rajaal-taqi8122]

It's all about having the ability to afford meeting your needs and wants. Without anybody interfering with your life decisions or you expecting anyone rescuing you in kind. No matter how, we have to take responsibility for self at 20 and up (if healthy). It's up to you how that is accomplished and living goes on. Retirement is just a word or number bc you'll keep on living life job or no job.

[@doniquezairen5207]

I am 34 don't know what I am doing. Getting out of debt, have a regular job and own a small biz but I am ppl who don't know what my 401k is doing. Or what my investment options are, getting a high yield savings but that's about it. 😊 Send help. Knew about fire a little bit but not much, heard it in my twenties but didn't do much just a couple of CDs that I have since used.

[@rajaal-taqi8122]

At 62years of age I was one step from the highest pay range in my job description. This is why the company was willing to have a buy out of employees in the highest pay range, NOT COGNITIVE DECLINE of over 60 yr olds. Name the study you quote and the reason there in. Don't believe the "capitalist" you are running away from, most likely it's not the mind that fails but the body. Something you can look forward too.

[@Jess-A]

I started FIRE at 19

[@Jess-A]

Set it and Leave it. Let it ride.

[@jetta_may]

I started working at 14. I just retired early a few months ago at 58. Thanks to the Exodus trinity- @Adelia, Stephanie, and Roshida!! 🙂. My co-workers are so happy for me! Most of their relatives worked until they were sick or disabled. And their life is filled with doctors appointments. I give them hope. Time goes so fast now and naps are frequent! Loving my life now! That job was gonna kill me!! But yes, still getting used to spending 💰!! But I have no regrets!! But I do wanna get a passive side hustle.

[@jetta_may]

Coast Fire… I like that!

[@jetta_may]

Love the info in this video!! Saving this one!! 🙌🏽

[@TravelmadicTV]

Keyoka is the best ❤

[@Jess-A]

I watched people work theirselves to death.

[@Jess-A]

Balance is the key

[@Jess-A]

I used my FIRE money to be a stay at home mom.

[@the_epileptic_wanderer]

Good afternoon everyone!

[@Jess-A]

Keeping up with the Jones’

[@ellah2303]

Yall grew up rough😂😂😂😂😂😂 facts! She said it right

[@roxiepayton5864]

I want the money I have to really work for me. I don't know what to do.

[@Jess-A]

I remember investing in a company that sold cigarettes because so many people smoked.

[@Jess-A]

At least you are doing it

[@Jess-A]

You first need to have a goal then set a plan.

[@Jess-A]

Hard core is the word

[@SkyScraper-w4w]

Help with no judgement - we have to find it among US, the Exodus women!

[@Jess-A]

Right

[@Jess-A]

Yup

[@Jess-A]

Find a cheap studio near where you make your money and use public transportation and save and invest.

[@Jess-A]

Just start with $25 a month.

[@Jess-A]

No money under a Matress. It won’t grow.

[@roxiepayton5864]

Thank you, Adelia!

[@BlackQueenA1825]

I'm 6 minutes in and I'm going to try to keep listening. But I resent the idea behind that millennials are about hustle culture because we are living in the now and aspire unattainable, opulent lifestyles. I do think that millennials are about the now more than the future. And we do hustle but not super frequently because of the lifestyles that we want to maintain. It's for survival on a basic level. Every age group has privileged groups. So, I know that exists. However, I think that millennials a whole are hustling that hard because there's literally no other way for many people. We need multiple jobs to survive and I say this as someone with a paraprofessional job in a professional field. Most millennials are stuck in the stagnant wages and the high cost of living. We en masse can't afford to buy housing, forcing us to accept that housing will always become more expensive and most private sector jobs don't offer a pension. Even company matching for 401ks are contingent on you as the employee making payments 1st. I literally just had to buy a new car and looked into maybe just moving to mass transit since my job is a 10-15 min drive to work and found that it would take me hours on the bus because we don't have a solid mass transit system and it's not safe to walk (there's literally signs that say to not cross a big intersection near my house on foot). I think it's easy to look at the fact that I just got a car and assume that's lifestyle based but it's a requirement to work. But I also believe that it's dangerous to paint the overarching picture that our money woes are based in frivolous, lifestyles when we live in places where it's illegal to collect rainwater and the police pour bleach on community gardens. As a whole, we can't live any cheaper. Edit: I've watched more and I really loved Adalia's thought provoking questions about this. Adalia is killing it as usual.

[@Jess-A]

A % in Big Cap Funds

[@Jess-A]

Absolutely. You can DIY

[@Jess-A]

You can touch it

[@roxiepayton5864]

Is it smart to take 25k from my 401k and put it in a Roth IRA? I know I'll probably have to pay taxes on it, I'm not sure tho?

[@AdaliaAborisade]

You would absolutely have to pay income taxes on that $25k. It would probably bump you into a higher tax bracket for that year as well. Instead of doing that, just fund a Roth IRA if you meet the income requirements.

[@roxiepayton5864]

@AdaliaAborisade right now I live only on 50% of my pension. It's not enough to cover my expenses here. It equates a little over 20k a year. 1683.00 per month. Smh!

[@roxiepayton5864]

@AdaliaAborisade my 401k has over 176k in it now. I did pull from it twice, but I won't do it again. I'll hang out until I'm 591/2.

[@tracywalker244]

@@roxiepayton5864I don’t think you want people to know how much money you have in your 401k 😮

[@Jess-A]

Pick an ETF

[@shariagreen6864]

We all want to retire now!!! Like today. Luckily for the young people y’all have way more options and it very possible for you to get out of the slavery 😂 yeah cause most of us are slaves..and we burned out!!

[@Jess-A]

Front load and back load fees!!!

[@Jess-A]

lol 😝

[@Jess-A]

Girl no.

[@browngirlsinvesttoo]

Fabulous job ladies!! Thanks for continuing to bring more people to the investing side. Adalia, we actually are of the same mind on investing in individual companies. 🥰🤑