How to Live Off Investments & Retire Early | Our Seven Account Strategy for Financial Independence

[@OurRichJourney]

▸▸▸ www.365daystofire.com/ Enrollment is now open for our 365 Days to F.I.R.E. Program for 2025 Sign up and get: ◼ Completed F.I.R.E. Plan, Stock Investing Plan, Real Estate Investing Plan, etc. by the end of program ◼ Daily F.I.R.E. Actions ◼ Monthly Live Q&As ◼ Small Accountability Groups ◼ Quarterly Book Club ◼ 3 Meet-ups in Portugal, including a 2-Day Conference with us in Porto! ◼ Private Facebook group ◼ Lifetime access to daily tasks, recorded live Q&As, recorded book club meetings, Facebook group, and resources ◼ Discounted future meetups as 365 Days to F.I.R.E. program alumni ◼ And more! To learn more and enroll NOW, go to: www.365daystofire.com/

[@ayikatho]

Now that you guys have actually retired, can you do an updated video on how you are ACTUALLY drawing down right now? That would be soooo useful!!! Thank you! Love you guys' videos!!!

[@SAnderson54]

O wow I actually understood this. And I almost never understand investment videos as they relate to early retirement. Thank you very much!

[@OurRichJourney]

AS thank you so much! That really means a lot to us. We believe strongly in demystifying investing and empowering others to build wealth towards financial independence. So please don’t hesitate to ask us to explore any topic in a future video. Thank you again for the kind comment. It fuels our passion to share 😊

[@marialewis2726]

They are good teachers

[@life_with_godfrey]

This couple is cute. I like how they work together and how they look at each other in every video to confirm what the other is talking about. Good example.

[@luisaah5707]

You changed my life 😍😁. I have currently 3% of my FI number, 5 months worth of emegency fund, paid off my dept, 5% of my new flat mortgage and my savings rate increased to 40 - 50%. My life is soooooo much better and I don't have to worry about money.

[@latreasha]

You guys are saving my sanity and my marriage. Thank you!

[@OurRichJourney]

LOL! You are too funny :-) thank you for the love :-)

[@abcdLeeXY]

Just a friend reminder for long term investors: DO NOT panic and sell in 2020.

[@dragonbeardable]

if anything, BUY MORE $$$$$

[@solo8348]

Should I wait to invest until the crash if I’m 24 & haven’t started investing yet?

[@bryar23]

@@solo8348 There is never a guaranteed crash... most experienced investors will tell you not to try to time the market

[@solo8348]

bryar23 hmmm, so I guess invest as early as you can.. & if things dip while you’re holding keep holding or even buy more.. as long as they dip because a rescission.. right?

[@bryar23]

@@solo8348 yeah I would say that is a good summary, averaging down instead of selling at a loss is a generally good rule as long as, like you said, its bc of a market dip and not just because of the specific company

[@iali00]

Great stuff.. you guys need to be on the Breakfast Club. Definitely a 👍 for this one. I have a similar strategy but the government still better have my money (Social Security) or we’re gonna have a problem.

[@OurRichJourney]

LOL! You had us laughing on that one! You aint lyin' - they better have our money, too!

[@rickyrod912]

Very nicely done!! I reached FIRE last year, but I always enjoy learning about what others are doing. You are fast becoming one of my favorites!!

[@aljohnson3717]

Why? WHY can’t they find people like you to teach our kids the basic fundamentals of the financial success? It’s heart breaking what these corrupted Marxist teacher unions and politicians do to the generations of young Americans! I wish you all the happy retirement and long, lioooong, wholesome and interesting life together, because it’s not that you are so smart and wise people, it’s that it’s obvious that you love each other and respect each other! I showed this video to my kids who are 20 and 13 and they we so impressed and enlightened.. God Bless you and your beautiful children!! From the bottom of my heart!

[@jdthompson5778]

Congratulations on reaching FIRE! I thought I heard you say once you were 59, you were thinking of drawing your Roth and HSA accounts first before your 401k assets. For tax reasons, that seems to be backwards. I would recommend drawing down the 401ks first and at the same time also convert as much as possible to Roth so they will be tax free forever.. Goal would be to have as low of a 401k balance as possible at 70 when RMDs hit. You could end up in a very high tax bracket if you wait for RMDs to hit-especially if you end up with pension and social security (It will be there) on top at 65-70. Those RMDs can send your taxes soaring and no way to stop it then. Taxes. Plenty of time for you to go but watch out! I’d draw down / convert 401k to Roth IRAs as soon as you hit 59 1/2!!

[@cars9969]

Bro thank God every morning and evening for giving your a smart lady, who share same goals like yours.

[@paulanderson3279]

I love your videos. My wife and I just turned 61. We have followed a similar mindset as you. We had to allow for one income and raise three children. (All college grads, two with mba) Despite we have been so blessed by being consistent and diligent. One thing we could have done better is to manage expenses with mutual funds. Thank God for Vanguard and the availability of low cost mutual funds ect. Look forward to watching more of your videos. 👍👍💪🏻

[@realwarriorscholar]

Two years of savings is a great idea and tip! Thank you.

[@OurRichJourney]

Thank you! Our pleasure to share :-)

[@ayhayuba3969]

Our Rich Journey Two years of savings. Is that adjusted for Portugal? What’s two years for your family of 4?

[@rosariofrancis464]

I am 67, female and.have 401-k in 100% stock index funds with Vanguard. Don’t really need it now. Have decent pension and social security. A small rental property and two homes. Great informative videos you are sharing. Vanguards suggests I include a small portion in bonds. However, the way my portfolio has been growing lately I have not decided yet to follow their advice. Thanks

[@MP-fm2ip]

Ways to go guys. Thanks for sharing great information. For me, I am 60, I have all my retirement money in these funds: FBGRX 25% TRBCX 25% VTSAX 25 % VTI 25%

[@OurRichJourney]

This is awesome! I like the blue chip funds. Thanks for sharing..as usual :-)

[@Tonymanero1960]

TRBCX ,...T Rowe Price Blue Chip.I have about 25 % of my portfolio in that fund also.I am a T Rowe Price man thru and thru.I pay a little extra in fees,...but,...no complaints.

[@birdgirl1516]

Can someone explain what the difference is between VTSAX & VTI ... I looked on Vanguard and they hold the same things. Aren’t they both considered passive management funds that follow the index? One costs more I think? I’m not sure why! I have Vanguard 2045 Target date IRA but I’m thinking that’s taking more money in fees vs if I just buy the ETFS within the IRA. Am I right?

[@dapoolagbaju1239]

Smart strategy but if I were you I will wait on taking from the ROTH 1st because of RMD on your 401k which increases because of percentage required to distribute in retirement which may also affect your taxes you pay as well in the later part. You need to check out RMD Percentage table for your calculations. My option will be the 401k 1st so that you draw that down and later tap into the ROTH option. My 2cents. Great job guys.

[@Journeywithgailc]

I started my journey 2 years ago because of you guys . Thanks for always putting out great content . I have learned a lot .

[@Julie-jh3lm]

I have always found your videos interesting and overwhelming. I used to think that I can't wait to have the time to fully understand the contents. Tonight, I am there. I finally understand. I am excited. Now I can't wait to watch all your other videos. I will be debt free next week, as soon as I deposit my mortgage escrow refund check. I now have more than enough money to think about investing. I guess I am no longer too overwhelmed by debt to understand investing. 😊

[@xavieryozwiak5508]

This was a great video. A lot of FIRE literature focuses on investing more but not how to manage tax-advantage accounts. Thank you for the help!

[@whoabrian]

You guys are making a huge difference in the world. I salute you, and I thank you for being so transparent and honest. You’ve helped me shape my thinking patterns, and have motivated me to follow in your footsteps. God bless you and your families!

[@svluckyduck5818]

I like the fact that you are planning options into your plan. Nice plan.

[@OurRichJourney]

Planning within a plan. That's our plan! :) Thanks for watching!!!

[@TheMusicluvr789]

I feel like you guys are my investing parents, thank you for all your videos and useful information! I'm so excited to start investing :)

[@myrccomedy3368]

One channel that actually makes sense & back up with facts that doesn’t want my money.

[@kevinwilliams4189]

Interesting, I just opened a brokerage link account and I am slowly moving my money from my 403b to my link account. I started investing in funds that bring more returns. Nlf with low expenses. Video is on point and good conformation.

[@OurRichJourney]

Thank you so much and congrats on opening the new account :-)

[@FrithEvans]

Wow! Your videos are great! You both explain things in an easy to understand manner and I love your ideas. Thanks so much for taking the time to share with others.

[@user-vp5qp5de1n]

Hello! I have been following you guys for many many MANY years! I have been doing my own research while watching your journey! I know this is an older video. However, I just want to add how the light bulb 💡 just went off for me! I have been adding money into my taxable account after others have been maxed out. I see the importance of this. And how it truly “bridges” the other accounts! I love how simple and easy you explain sometimes hard concepts! Thank you!!

[@clicgear100]

I’ve been a follower for a while on your channel now and love the info. It is truely amazing what you two are doing and on top of everything with kids and funding the tuitions. Great work guys.

[@OurRichJourney]

johnny t thank you so much! We are having so much sharing our story and get so much inspiration from the others on this journey with us. Thank you for being with us all this time. We really appreciate the love ❤️😊

[@FreeTraderFREEMAN]

I keep preaching this on my channel. Investment in the long run is the key

[@OurRichJourney]

YES! Thank you!

[@maniharper7518]

1,000,000 Thanks guys! I love your transparency and clarity about stock market. As a foreigner where stock market doesn't exist, it's hard to understand (in a nutshell) what and how to invest in order to set up a retirement fund, and most important how to withdrawal without depleting it. 😘 I've been paying a financial officer to invest for me because I didn't understand even after or meeting. The financial lingo he used plus all the paperwork is overwhelming for a non- native English speaker without family or friends to ask for help. This is my favorite video of all because it gives me a visual. Please keep the visuals. 💞

[@10XAcademy]

Great video and topic ORJ! Very informative on retirement and drawing out the retirement accounts to live off the investments! If you have dividend income that is greater than 4%, you may even be able to live off that and not have to sell any of your assets. The rest would be icing on the cake! 👍

[@OurRichJourney]

Thank you so much! And thank you for adding to the conversation :-)

[@SuperRJ2012]

Hey guys I really wanna thank you two for the videos you make, you guys are two of the most inspirational and informational ppl I've ever watched on YT. You not only kick out the hard core terms and strategies but you explain them and tell us what you've learned from your mistakes, and I'm so dang glad I came across your channel ✌️

[@OurRichJourney]

SuperRJ2012 - What?! We are so dang glad you came across our channel, too! You are way too kind! Thank you so much for the support!!!

[@clarapatterson1220]

This is the most informative channel EVER! I love tht KZbin has brought you guys into my life ❤️

[@OurRichJourney]

Clara - You are so awesome and kind!!!! Thank you so much!!!

[@buffmf]

Great video

[@richardprock-golan4652]

I don’t know where to start! I’m 44, and this sounds amazing, but there are sooo many videos! My wife and I really want to make better choices, but she’s so busy, therefore it’s on me to learn and spearhead our journey. I just don’t know where to begin 😢

[@MrDj0465]

TD Amertrade, you can go to any TD Bank, or Charles Schawb investments offices in your area, at both places consultation is free.

[@DanielIles]

Incredible value! I wish more people could see this!

[@OurRichJourney]

Thank you so much! We really appreciate the kind comment :-)

[@nimaderahmayati5964]

I don't really make a comment on a youtube video. But I need to tell you that I loveee your videos.. I wish I knew all about this since I get my first paycheck. I agree with the others that you guys deserve to get more subscriber. :)

[@lorenzocanlas5253]

This was very well explained thanks! I rebalanced my 401k after hearing your explanation of the trinity study, and hearing a similar sentiment from Warren Buffet’s 2013 letter to shareholders. No more target date retirement funds!

[@lindabutt1481]

Hi Guys, does your course explain which stocks I should be selling to help fund my retirement income. While I understand the 4% rule, I get stumped when I look at our accounts and then don't know whether I should be selling single stocks, ETF's, index funds, etc. I do know I won't be selling my dividend earning holdings, but that is it. Confused in Toronto LOL. I am around the corner from retirement and I am trying to be prepared and educate myself. PS. I absolutely love your video's, content, life style and relationship. It is so easy to see the love and respect you have for each other in your video's. You are such an inspiration.

[@gabrielcardenas113]

I can't wait to live off my investments once I retire at 30! So excited to become financial free, I'm already starting my journey.

[@shawnpdempsey]

Thank you for discussing your draw-down strategy. Not many others are doing this and it is very helpful.

[@markofunkade]

Thanks for this! It really tied together a lot of my personal finance research from the last couple months into a nice sensible summary! I do have question: How were you able to get enough money into your Vanguard brokerage investment account so as to live off of 4% per year until you get to “retirement age”? I mean were you investing/compounding in it for years already? Did you earn enough to put a large sum into it? Perhaps you have another video that covers this question.. would love to know. Thanks again!

[@axistaxis856]

Wowwww you guys obviously worked in Accounting for the Government

[@drendondelgado]

Wow, Amazing video!!!! You just answer my questions of what to do. I was thinking of just opening a IRA account but started thinking of what to do if I wanted to withdraw $$ before. Thank you for the breakdown

[@laflor6854]

I’m 24 and just transferred my IRA into vanguard and will put it into vtsax..once my husband and I have more income, our goal is to put as much as possible in it and then see what else we can open

[@michellet204]

Thanks guys as always for such a clear and approachable explanation. This part was worrisome for me but now I am more confident. Being diversified in all aspects of your finances is beneficial: multiple streams of income, multiple ways of saving, and now multiple investment accounts. BRILLIANT

[@mojojojo114]

Great video guys. I guess I'll see you at the grocery store, I'll be shopping in the gravy aisle too! Thanks.

[@avauinc]

I know nothing about investing and stock, but you are inspiring to listen to, so I kept watching. Thanks. Keep sharing, you start to grow on me, with your journey, lol!

[@elizabethcarr5226]

Thank you for explaining the Trinity study. I had heard about it, but never knew how it worked.

[@curtisdavis8594]

Thanks Guys, I love the draw down strategy.Lately, I have heard people need to be mindful of taxes at 65. How not to pay higher taxes after I retire. Also, we talked about 401k.., but 403B... losing 1% in fees.. Can you guys do a video on why they are not the same..pros/cons investment ..

[@OurRichJourney]

Curtis - As always - thanks for the new video ideas - great idea! Also . . . those taxes! :( Always need to be mindful of them!

[@davidphan6499]

You both are very smart with investing, especially at such a young age. I like the fact that you worked together toward your common goal and achieve it. Many Ivy League graduates either don't have the knowledge you do or can't execute the plan like you, so congrats. Best wishes on your journey.

[@angelabarker8611]

SWonderful. Thanks for explaining the 4 percent rule!! That was a lot of info I will watch it three times!!

[@OurRichJourney]

Angela - LOL! That is awesome!!! Third time's a charm!!!

[@babyxlibra87]

Can you guys please do a video on how to save on taxes? I.e. rolling over investment gains from taxable accounts into an IRA or 401k :)

[@lammysaberini1019]

Precise and concise, I like how you go a straight to the point. been putting aside 50% of my pay into growing my investments and portfolio using professional service and I have a rather large portfolio and can decide to retire. I'm thinking of starting a youtube channel also ....

[@celtics2008champs1]

Great video !!! Glad I found you two. My wife and I have a teacher pension each. Would love to see a pension PLUS investment video. I will look for it, but if you haven't done one PLEASE MAKE ONE, would love to show it to my wife !!!!

[@MrThierres]

Tks so much! I've been learning a lot about stocks, ETFs and Index Funds. I'm from Brazil.

[@OurRichJourney]

So glad you're learning from our channel!!!

[@jack91522]

Good video. A good video is to delve deeper and go into withdrawal methods and timings amd strategy. Do you reinvest or not reinvest dividends, do you sell stocks to get money and when, when its high... Do you sell enough as you need or one lumpsum . Etc.. some years you might not need 4% and sole years more.

[@d.w.4319]

I feel like i missed out soooo much waiting til I'm 28, but late is better than never I suppose, this all is confusing to me but Im sticking with it ! I purchased the ebook as well, feeling it out today!

[@vochoa355]

First time watching your videos. Loved it. You guys are so personable! I've subscribed and liked and plan on perusing through your other videos. Thank you...! Keep smiling!

[@OurRichJourney]

Your comment has us smiling!!! So glad you found us! Thanks for watching!!!

[@NaturallyNerdeeNicol]

I appreciate the transparency and breakdown of concepts and studies completed.

[@OurRichJourney]

NaturallyNerdeeNicol it’s our absolute pleasure. We love sharing to illustrate what may seem complicated and scary, really is not. We want to empower people with information so that they can join the journey 😊🙏🏾❤️

[@vanessapeay5080]

You two are amazing!! Thanks for making these videos and sharing your knowledge and journey with all of us. I've found your videos very helpful!

[@becarebeca2156]

Thanks for the video guys!

[@OurRichJourney]

Beca - thank YOU for watching!!! :)

[@gracechin5095]

Love your content! I've been binge watching. Love your chemistry and cute family. I'm 45yo and thanks to the lockdown I discovered your channel. Love your content! I'm joining the journey! With love from Malaysia.

[@jennarodrigues5900]

Love this. Only thing I have a question about is if you’ve considered how much your RMDs will be once 70.5 years of age and older. Will you expect to tap traditional accts ages 59.5-70.5 to help make sure this taxable income doesn’t get out of hand? Great content, keep up the awesome work!

[@OurRichJourney]

Jenna - GREAT point!!! As we get closer to minimum distribution age, we will determine whether we will do a ROTH conversion to minimize any tax consequences. It will depend on the projected size of our 401k and our tax situation. Thanks for watching!

[@EthiomerejaOfficial]

I love your Channel. Keep up the good work. #our rich Journey#

[@OurRichJourney]

ADMAS tube thank you for the love ❤️🙏🏾

[@djspock5150]

Pretty good content, I might add that rule of 72 for 9 years is a 8% estimate it can fluctuate in either direction. Secondly if you guys have pensions, why not look into seeing if your company will offer to lump some them out and put them in a traditional ira then back door them to your roth ira if you want. This way if you die etc. etc. it does not die with the pension fund and you have all the control. Unless its some type of public pension and you have no options but pensions are becoming a thing of the past in the private sector and very rapidly

[@Angel-nu7fm]

As a long-term Vanguard investor , I like the simplicity of your message. Many times the financially savvy folks on bogleheads.org (informational website for Vanguard investors) can get bogged down in stats that I simply think are overkill. Both Buffet and Bogle have preached simplicity for the average investor. I am glad young folks are realizing to rely on the government (SS) for your retirement $$ is hazardous. Many folks my age (59) did and are in serious trouble as they undersaved or worse, have no savings. They overestimated the value of SS. I've seen some writing on withdrawal strategy - stocks first, then bonds. Hopefully you can explore this as well. Thanks!

[@OurRichJourney]

Great points! Thank you for sharing!

[@pratimap123]

This video is soooo informative, I need to watch it 2 more times to understand better..

[@TheNicoliyah]

Ha ha, u are not alone!!!😂😂😂

[@OurRichJourney]

Pratima Rao thank you so much! And if you have any questions at all...please don’t hesitate to ask 😊 thanks again!

[@boatlover1875]

Love getting new ideas from you guys! Portugal sounds like a possibility to me. I sort of have to think different at times. Retired from a federal law enforcement position at 53 but with a full pension and a SSA supplement until 62 so haven't had to touch my TSP which has grown nicely the past 7 years. Also have worked part time so have been able to contribute to a Roth in the mean time to play with. I guess my "biggest" problem in life is the taxes I'm going to have to pay on my TSP which is entirely pre tax at my marginal rate. Probably should start biting the bullet now as it clearly is going to get lower any time soon.

[@thelmaespinel8558]

Thank you guys for sharing your knowledge and for always answer, all of our questions . Happy mothers day🌹

[@OurRichJourney]

Thank YOU for watching AND commenting - it definitely helps our channel grow! :) Happy Mother's Day!!! :)

[@alexcharles9721]

Regarding the brokerage account...how do you account for the taxes that you have to pay on the withdrawals?

[@ProductiveCo]

I love how EASILY y'all explain everything. The world needed this channel!

[@Sylvan_dB]

And the Trinity study is from a different era in bond returns - bond returns starting now are going to be way less than they were even just 20 years ago! Not only are interest rates 1/2 or less, but because interest rates are so low, they are most likely to increase. Increasing interest rates is a significant negative to bond returns, especially if in a bond fund. 20 years ago bond fund returns were enhanced by falling interest rates (a good tailwind since the early 1980's but nothing left now but a final puff).

[@Tonymanero1960]

Another excellent and easy to understand video. I am a divorced 58- year- old male (no wife, kids, grandkids, pets, child support, debt, or car payments I am worth about 500,000. The only thing that would destroy your financial future is a DIVORCE !!!!. You both looked very happy together. Keep the marriage strong,.......and the videos coming

[@OurRichJourney]

Wow! Thanks for sharing. I'm glad that people notice how happy we are together. The fact that we are on the same page definitely helps!

[@Tonymanero1960]

@@OurRichJourney You can always tell when people respect their partner when the let them speak without interrupting,..and they respect what they are saying. Just look around at most married people,...they can't stand each other,.(and they are clueless and miles apart on finances).

[@OurRichJourney]

Yes - I love the point about interruptions. It's the same with partners, coworkers, friends, family, etc. - There's something about when people interrupt other people that seems so off-putting. :(

[@mikhaelacasicas368]

Favourite channel! Thank you for sharing your journey🤩

[@OurRichJourney]

Thank you so much :-)

[@kelsangchoki8493]

You are the best channel I follow! No cap

[@OurRichJourney]

Wow! So awesome! Thank you so much!!!

[@willmallory9085]

Excellent video Team.

[@soniatobias6060]

Thank you soo much for this video! I have always wondered about the reality of enjoying retirement with all of these growth sacrifices. Thank you for sharing your portfolios and plans as well. You’re videos are extremely useful to me. I hope you keep them up. Smile!

[@CompTechMike]

Great video! I'm 43 and playing aggressive catch-up with 100% stocks right now. Hope I can still manage to retire a few years early. Or at all, the way this economy is going. Your video is very inspiring! 😀

[@OurRichJourney]

Mike - that's great that you are aggressively investing! So glad that you find our videos helpful!!! :)

[@TK-he3gz]

Happy Belated Mother's Day Christina I hope your beautiful family shown you all the love you so richly deserve

[@OurRichJourney]

Thank you so much! We had a wonderful day. Hope your Mother's day was great also ...if you're a Mom..or you spent the day with a Mom. Thanks again!

[@ericwhitwam5491]

Absolutely LOVE your videos, energy and how you have shared your family experiences, THANK YOU. Question, where or how do you keep/invest your emergency fund?

[@keithgarrett1306]

Well laid out video I always learn from you guys .

[@OurRichJourney]

Thank you so much:-) So glad you enjoyed the video.

[@sammyalabamy111]

I love me my Bonds. I'm helping the local community and State and/or Federal.

[@kreationkollect]

If I could. I would give you multiple thumbs up, I would. I love. love. love this strategy.

[@TaCxNUK3]

I have a question for you guys - if you are resident in Portugal, how does the IRS treat that? Does Portugal tax your income because you are resident there or does the US tax you because that is where your income is being produced?

[@deandra8381]

Did you all self direct your brokerage account, or did you use and advisor? I have a brokerage acct and an IRA, but I dont contribute because until you have a certain balance, Schwab is pretty hands off.

[@DrRobertMPick]

Great as always! .....and no surprise, yep - I have 24 months of living expenses just in case.

[@OurRichJourney]

Thank you Robert!

[@5minutezenmeditation803]

Hello. Thanks for sharing. Might be a better idea to draw down the 401k first since you will be required to take minimum withdrawals in your early 70s. This could lead to big taxes especially if one of you are widowed at that point. Roths never have these requirements. They are even tax advantaged even when passed to on to children.

[@thowlett2681]

I’m so relieved to hear about your savings. I have about 10 months of savings and everyone just shakes there heads at me. (Seriously, they think it’s too much.) I’m a new investor and I love saving money but investing makes me nervous. I’m a new subscriber.

[@OurRichJourney]

WOW! 10 months!!! Congrats on the large amount savings. It takes time to get comfortable investing...BUT invest...BUT when you're ready. Worse thing is to do is to rush in..you'll be so anxious. Continue to educate yourself on investing and then apply that education invest comfortably. AND thank you for subscribing!!! :)

[@pscotlandrules3970]

You are right in the amount of saving. People I knew who lost jobs in 2009 and afterwards took at least a year or more to find another job and usually a lower salary. It could happen again. Having said that my advice to my sons was to start a pension of their own when they started working after uni even if it is the minimum amount allowed by the pension provider and ditto an investment account. The minimum hs no impact on them when taken at te start of the month and it will mount up over time and they have plenty of that as well as hopefully increasing the amounts. You might consider doing that as well Good luck

[@Mistyfgdf]

Peter Watson indeed happens again

[@Mistyfgdf]

Your friends ain’t laughing anymore... Good thing you saved Garda times just hit

[@thowlett2681]

Actually I still have friends and family that make fun of me. I’m thankful for KZbin and I’m going to keep saving. I’m also getting better at investing. Thank you for the reply. I wish I had more people in my life that didn’t live pay check to pay check.

[@thomasreedy4751]

Maybe go outside your genera a bit an do one vlog on the exciting things to do in the city? Being cooped up in an apartment seems a bit boring. One of the questions people always have is how do early retirement people cope without the 9 to 5.

[@OurRichJourney]

We were actually thinking about doing a video on that - sharing what our day/week looks like in early retirement in Portugal. We actually spend most of our day outside of our apartment! :)

[@christopherkraft5553]

Financial investment can be emotionally exhausting/frustrating in a case where inconsistency in trade wins is much. Positive results are guaranteed more if one works with a reliable professional. My most sincere take though!!

[@OurRichJourney]

Thanks for watching!

[@frameofmind8800]

Nice good strategy I am working on the same kind of strategy

[@OurRichJourney]

Frame of Mind thank you so much! And congrats on working on your strategy! We’re so excited for you!

[@revendouglas2881]

*I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $225k*

[@kennethsomers3893]

I quit work at age 52 and 7 1/2 years later am confident I will be able to sustain my retirement principal the rest of my life. Right now I have a 60/40 mix the 60 being corporate bonds, cds and rental property ,, the 40 being individual stocks .. the corporate bonds will be called at age 65 at which time I plan on taking my social security check and will use the bond principal to purchase another fixed income investment .. my annual fixed income is $40k and I have a studio condo in Thailand which is very inexpensive to live and a studio condo on the Gulf Coast outside of New Orleans another place that is affordable compared to other parts of the US .. this is really not rocket science .. #1 is to pay of all debt and #2 is what is your expenses versus your income .. this year I will live in the US 27 weeks .. Thailand 20 weeks .. Vietnam 3 weeks and Italy 2 weeks so you see I like variety and am able to move around .. at some point if am able to have a safe income of $50k to $75k with medicare until the age of 95 and be out of stocks 100% I would gladly take the risk and volatility out of my portfolio ..

[@kennethsomers3893]

and since everyone saves and earns differently my nest egg was built by individual stocks and real estate property

[@OurRichJourney]

Kenneth - LOVE your retirement plan. Thanks for sharing the details! Also, we are huge fans of Thailand! We actually thought about moving there, too! :) Do you prefer the US/Thailand/Vietnam/Italy moves to avoid the visa requirements in foreign countries or do you simply prefer to move to different locations? We are constant movers! :)

[@kennethsomers3893]

@@OurRichJourney At first I was going to just retire in Thailand but after going back and forth you see different advantages. I look forward to what each place has to offer. If you have nice set up in the U.S. we have a lot of great things too. I like Spring/Fall weather in U.S. and it is always very hot in Thailand. I live near New Orleans so I can see Sports, Jazz Fest and friends during these times. I also like to cook and in U.S. I have access to a lot of great herbs and seafood. In Thailand I always eat out because it is so inexpensive. You have the massage therapy in Thailand $10 for 1 1/2 hours maybe 4 to 5 a week which you would not do in the U.S. And adding in Vietnam ,Bali etc you can maximize your Visa stays. So yes, for me I like the variety and change and meeting new places and people for now. There are things that I can do in Thailand that there is no way I could afford in the U.S. Example being I start my first stem cell treatment next week which involves stem cell iv plus prp/stem cell injections into my arthritis joints. I used to work as casino dealer and have neck and back pain so hopefully this will be "the fountain of youth". This treatment is costing me $8000 and is the same treatment that Dr Neil Riordan offers in Panama. Hope this hopes because we were very lucky to be born in America and if are smart are able to live healthy and happy life! kzbin.info/www/bejne/haWvYpl7etl_l6M

[@liseagnant4161]

Got it. I know you buy real estates sometimes, what about businesses? We are looking for ways to transform our earned income into portfolio income right away

[@ZCfilmes]

They were fortunate (and wise!) to invest in real estate in a time of skyrocketing prices and sell - I believe - near it's peak. What worked for them isn't easily replicated. Even if don't achieve those high returns, a side hustle can be a good source of extra income (but also time consuming...). Just don't take too much financial risk by increasing your debt.

[@Motus_pecunia]

Thank you for sharing your fantastic journey!!!

[@OurRichJourney]

Our pleasure :-)

[@coyotedreams3902]

You guys are so super awesome!!!! Thanks for all the videos! You're so inspiring!

[@OurRichJourney]

Aw, you are too kind Emily! Thank for watching!

[@Mary-uh5lo]

I loved this video, very thorough, thank you, great job!! 😁😁💙 Subbed, glad I found this channel.

[@OurRichJourney]

Thank you so much for the love and thank you so much for subscribing :-) We are so glad to be on the journey with you. Dont hesistate to ask us any questions or suggest a future video. Thanks again for joining the journey!

[@DiamondPrince88]

This made me go back and change my acorns portfolio

[@enricolarosa1247]

Great video and so much information and guide how to retire early. Keep it up!