How We Retired Early With $540K At 40 In Colorado

In 2012, Debbie Emick received a series of troubling diagnoses, forcing her to retire from teaching two years later. She and her husband, Chris, then set out on a path of achieving FIRE - financial independence, retire early. An initial investment of $60,000 grew and they bought 17 rental properties from 2016 to 2019. That income stream allowed Chris to retire from his IT job in November 2019 after they accumulated $540,000 in savings and retirement accounts and $1.1 million in real estate.
Produced by: Lauren Shamo
Senior Managing Producer: Sam Rega
Camera: Jackson House Films
Animation: Gene Kim
Reporter: Ryan Ermey
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How We Retired Early With $540K At 40 In Colorado

[@Eric_moore484]

I am 58 years old and planning to retire next year, yet the prospect of retirement fills me with unease. I extend my apologies to all those who have retired and are now reliant on social security, especially during this challenging period. After dedicating years of hard work, facing unexpected hardships is truly disheartening. It's particularly tough for retirees who lack savings or a support system to rely on.

[@pineedbydmoon]

Indeed, there has never been a more opportune time to grasp the intricacies of post-retirement wealth accumulation, especially amidst inflation. By engaging a proficient portfolio advisor, one can passively navigate a dynamically diverse market. The ramifications of fluctuations in the value of the US dollar on investments, in my view, are multifaceted.

[@MiaKatherine-sj7ne]

True, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@Eric_Dennis]

That's quite remarkable! I could definitely benefit from the expertise of such advisors. My portfolio has been struggling significantly... Who is the individual guiding you?

[@MiaKatherine-sj7ne]

The advisor who guides me is Amanda Kathryn Sachs. She is a certified coach and has helped me understand that returns can be generated in both bullish and bearish markets. She provides insights into various aspects such as investing, insurance, ensuring a well-funded retirement, and exploring methods to mitigate investment risks through volatility buffers. I highly recommend looking her up.

[@GersderaNioer]

This was helpful. Thank you. I checked her website out. I have sent her an email, and I hope she gets back to me soon.

[@datamusic4923]

Just to be clear, they're not retired. They're doing amazing, but they are working. Managing 19 properties and other bits of works, is still work, but its not a 40 hour work week in an office, and if this makes them happy this is great.

[@montoriabryan167]

I was looking for this comment. Lol they just have different jobs. Which is fine. It’s financial independence though which is the point

[@JimzAuto]

Wait till all their 19 properties start falling behind and/or not paying. Colorado is rapidly becoming ‘Cali 2.0’.

[@bootsmith8016]

I agree and came here to say this. I enjoyed their story but it is misleading to call them retired. They own and run a real estate business.

[@johnwilson8482]

Yes, "financial independence" and "I retired from the job I didn't like, and now work less on one I don't mind" is not the same as "retired."

[@eddiemalvin]

Thank you! I thought I was losing my mind. If "retirement" is now defined as working but you enjoy it and it doesn't interfere with your work/life balance, then I guess my wife and I are retired. I can't wait to tell her the good news.

[@LucasBenjamin-hv7sk]

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

[@leojack9090]

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

[@hasede-lg9hj]

Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@lowcostfresh2266]

@@hasede-lg9hj Could you kindly elaborate on the advisor's background and qualifications?

[@hasede-lg9hj]

The advisor that guides me is Vivian Carol Gioia, most likely the internet is where to find her basic info, just search her name. She's established.

[@parrish8386]

Thanks for clearing that up, I curiously searched for Vivian Carol Gioia on the internet and thankfully, I came across her my goal is to retire in 5years time.

[@EmilyVancamp-zl7jt]

I'm 48, sad to say I made terrible money decisions growing up which I'm presently paying for, been dedicating every waking hours towards my retirement and I'd really love to retire to Portugal with at least $3million by, the market up and down is not helping at all.

[@AngelinaLouis-of3ik]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@EmilyVancamp-zl7jt]

How can I contact your Advisor as my portfolio is dwindling?

[@AngelinaLouis-of3ik]

Lisa Ann Moberly a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@EmilyVancamp-zl7jt]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@brunocarvalho9268]

Hi dear Emily Vancamp. Glad to hear you that you want to come to Portugal to enjoy tour retirement. Great choice. I'm Portuguese and live one of the most beautiful regions of Portugal: West Coast. Many French, English and other nationalities are choosing this region because of the quality of life. Honestly I don't think that you need 3 millions to live here. Please let me help you about Portugal, because I can give you the best advices about real estate, cost of living and everything you need to have a good life here. I'm reaching Fire next year, so I can help you All the best and friendship. Bruno (Portugal)

[@Raymondjohn2]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@TheJackCain-84]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@martingiavarini]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

[@bob.weaver72]

Mind if I ask you to recommend this particular coach you using their service?

[@martingiavarini]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@bob.weaver72]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@JuanCarlosLTO]

Not hating on the couple but the title of this video is VERY misleading. They’re NOT retired.

[@lilibethvilella]

And they have 1.2 million in rental properties

[@bobbymainz1160]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@oneiljerry9460]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@johnlennon232]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@stephaniestella213]

@Zahair O'Brian Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@stephaniestella213]

@Zahair O'Brian I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes. Thanks

[@DanielAdolf]

David Marvin Willis is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@tomjason2495]

Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every purchase you make, you can't buy something else. Varied sources of income is wise and especially living within your means. Think about taxes and how you get your income. I made $72k combined net last year and paid no Federal taxes.

[@gabriellewilson5625]

Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.

[@williamskohler8337]

@@gabriellewilson5625 Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@davidnewbury1721]

@@gabriellewilson5625 There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...

[@sheliaswelttk2535]

@@davidnewbury1721 Tracy really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

[@sirgeorgioalastrata4104]

@@sheliaswelttk2535 I'm reporting tracy for running these fake KZbin comments and she is going to lose her job

[@PatrickLloyd-]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@mikeroper353]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@PhilipDunk]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@sattler96]

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

[@PhilipDunk]

My financial advisor is “Vivian Carol Gioia” I found her on a CNBC interview where she was featured and I reached out to her afterwards via her website

[@sattler96]

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

[@thomaswalker2743]

Chris worked in IT for 18 years and made about $110,000 a year. Debbie worked as an elementary school teacher for 14 years and made about $32,000 a year.... For anyone that is wondering about becoming a teacher, think twice before getting into it. Without his income she would be teaching for her entire life!

[@donaldlyons17]

Yeah but the issue is together they made 142K per year!!! That is about 2.5 times the median family income!!!! So they made about 2.5 million in that 20 years. WTF that is low wage earners' lifetime money people!!!!

[@mocheen4837]

That is not a lot for a teacher. My sister is a teacher with a masters degree. I dropped out of college and I make 4x what she makes. I could not afford to attend college and did not want to take a loan out for $150,000.

[@TheCreoleSon89]

Or she would switch to selling that drought insurance. She makes a killing in one month! I know people that make what she makes in a year!

[@ilovegoodsax]

It depends on where you live. Guarantee at 32K, her teaching job definately not unionized. Also, she didn't say if her teacher position was in the public school system, or private school (which pays alot less). My point here is -- we have no idea the reason for her 32K teaching salary when she quit eight years (2014).

[@Lilmonke_586]

I agree. I think becoming a teacher is noble but not smart. I think teachers deserves more than a livable wage, especially for a job that requires a degree. You’re better off doing literally anything else.

[@gingerkilkus]

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

[@leojack9090]

A 2022 Northwestern Mutual study found that 75% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.

[@lowcostfresh2266]

@Elizabeth O'Neil Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.

[@lowcostfresh2266]

@Manfred William Melissa Scott Glazner is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@DanielAdolf]

David Marvin Willis is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@SophiaChristian-so2of]

Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here,

[@JenniferDrawbridge]

Everyone needs a different stream of income , unfortunately having a job doesn't mean security due to the high rate of tax , one needs to move ahead their expectation, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

[@MarkFreeman-xi3rk]

true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@cythiahan8455]

@@MarkFreeman-xi3rk Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

[@MarkFreeman-xi3rk]

I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with Margaret Johnson Arndt for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

[@AntonioBianh]

Thanks a lot for this. I really needed the recommendation, and I would love to move my funds from an existing mutual fund. I'll check her.

[@albacus2400BC]

I have always believed the stock market is the faster way to growing wealth than traditional retirement funds. But I'm not confident about picking stocks anymore due to personal losses, but I have still have about $89k to invest in the market. Are there really no other options for me to gain from the stock market?

[@cloudyblaze7916]

Quite frankly there are actually ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach.

[@stephenpotter21]

I agree on the issue of having a portfolio coach, but also, patience is your best friend here. I'm a huge investor and cant afford to take the risk of investing by my knowledge, so I rather my portfolio is overseen by a license advisor. Since late 2019 amidst corona-outbreak till date, I'm only about $86k short of closing in a $1m ROI

[@victorlaranjahal]

@@stephenpotter21 Thank you for this!

[@DanielAdolf]

David Marvin Willis is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@madisonhruschka3718]

Not really a fan of calling this "retirement". They are technically working in real estate. It's important to not call rentals "passive income" as managing the properties, when done appropriately is in fact work. Keeping up with landscaping, maintenance, repairs, and even vetting and evicting tenants are all time intensive. Even when outsourced, they still have to be managed. Really great to see that they put the time in to fix them up before putting them on the market.

[@addd21323]

I agree, but I think the point is that if they're only working 4 weeks a year (based on what they said), that's close enough to retirement that I think it's fine to get away with calling it retired.

[@dakotazx3]

☝️ agreed. Owning rental properties and cash flowing (while having a mortgage on them) is not passive.

[@joshgomez7522]

@@dakotazx3 it's passive income because the renter is paying the mortgage plus more.

[@dakotazx3]

@@joshgomez7522 I'd agree with you if I didn't have rental properties and know first-hand the work they take. Trust me, it's not passive. Additionally, I'd recommend it to anyone looking to build wealth. It's work, but not terribly challenging or risky if you do it conservatively.

[@joshgomez7522]

@@dakotazx3 again it's passive income but yes it's not passive work

[@Wendytsang12]

Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $450k in my 401k.

[@thelooseseal]

I totally agree; I am 56 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

[@thelooseseal]

I started out with a financial advisor called "Theresa Dana Peek". Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

[@shellylofgren]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways

[@DavidRiggs-dc7jk]

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

[@duane_29]

@@DavidRiggs-dc7jk Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

[@HarrietBemish]

@@duane_29 The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to ‘’Christine Jane Mclean.. my Investment-Adviser.

[@berkrix4312]

@@HarrietBemish Christine’ really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.

[@brianstarfire]

sounds like you need an advisor. the only other suggestion i have for you if you really want to retire to a warm climate and save money is to look overseas. you can rent out your MN home and maybe retire in a lower cost country with good healthcare. good luck!

[@joedessenberger2048]

My dad worked 7 days a week for his entire adult life saving for the dream of living his retirement years in a patio home on a golf course. He got cancer at age 62 and died 3 months later. I learned watching him not to wait for your dreams. I semi-retire next year at 56 and can do what I want after that. The key was to shed consumer debt and live off less than I made while consistently investing from my early 20s on regardless of market cycles. Our schools need to do a better job of teaching personal finance in middle and high schools. Once we realize that all advertising is designed to trick the mind into needing the latest and greatest, it is easy to avoid those tricks and live responsibly below our means.

[@gabrielr4329]

Spot on

[@xxlalbatross3287]

one of the most accurate comments.

[@westcoasthustle6133]

It's not in the school curriculum for a reason. They brainwash society to become debt slaves for the majority of their lives. If they opened up everyone's eyes to become smarter spenders and better investors, they'd have very few falling into lifetime debt and making them mega profits

[@midod5115]

This is the most underrated comment I’ve read this year. It really is as simple as you stated. Great job!

[@daveforz]

Learned the same from my dad. He got cancer at 60. I'm 25 now. I can't imagine working all my life for other people just so I can maybe become old enough to do what I want. I'm doing what I want now.

[@spector3881]

Sounds like they became independent, NOT retired

[@ihsancolak6234]

You are not retired, you have a new line of business. 18 units has a lot of work. You may not go to work daily 9 to 5 but you have a lot of things to take care of.

[@casuallym3]

Welp

[@rickenbacker472]

They're also at terrible risk. A down market or interest rate jump could wipe them out. I don't think they even realise.

[@BRAINBABBOTT-2233_]

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

[@PriyasagM]

Gold and copper remains the best investment to venture in, especially as a beginner, it’s not always affected by the downturn of the market

[@warringtontoni]

​@@PriyasagMI don’t rust them. They all gamble about the same thing which they are not even sure of. It's a waste of time

[@BRAINBABBOTT-2233_]

True. Am not ready to gamble my money with anyone. That's sick, am looking at spending my savings and I can't afford to lose it.

[@trungdubais1767]

​@@sakshimukherjee9963That's absolutely correct. I find Patricia strain as the best fit for the job. She's a well seasoned financial aid with years of experience

[@BRAINBABBOTT-2233_]

​@@trungdubais1767Thanks for sharing, I just looked her up on the web and I would sav she really has an impressive background in investing. I will write her an e-mail shortly.

[@tyb3938]

Owning, managing and maintaining 19 properties is not retirement, it is self employment. Congrats on joining us entrepreneurs, it is a great lifestyle, but like all things, will come with bumps

[@JohnS-er7jh]

unless they are hiring a property management firm. But sounds like they live in a nice area where their residents are well behaved and have stable income/jobs. Because in some areas of the country, I would imagine it would be a huge headache (even with having property managers), crimes on the properties, lawsuits, damage to property, town zoning regulation changes, etc.

[@nikitapusnakovs]

It is also called leverage and getting money for bearing the risk for the price of underlying asset.

[@mikea5745]

Their properties are spread across the country. They're not managing those themselves

[@brianmcg321]

Exactly what I thought.

[@damonw5926]

@@mikea5745 Managing a property is not hard. Remember you don’t to clock in everyday or work 40 hours weeks anymore and when something breaks call the repair man. Also be nice to your tenants and most will be nice to your property. you can also hire a property manager also that is an expenses as well.

[@prettygirlus9008]

My rental real estate investments barely cash flowed. I never made any real money until I sold the properties.

[@retrogamer2548]

My 100s of properties have gone to the moon. Crazy how cheap I bought them for 0% down a couple years ago.

[@BLACKAAROW]

yeah I was really surprised that they only gross 8-10k a month from 19 properties??? how cheap is the rent out there? they should start looking for properties in more affluent places

[@bernaclischurchill4463]

They are not retired by any means, but for some reason, people think just because they don't punch a 'clock' that they are retired, no they just switched gears and started to work for themselves. It truly annoys me when people say that they are retired and they are not. Ms. B. Churchill

[@kortyEdna825]

Impressive video. I started a bit late (graduated from my doctorate program at age 30 in 2016 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I'm not very knowledgeable with investing, so I have all my capital currently vested in index funds but considering the dollar dumping and current inflation crisis. How optimal would this be beneficial long term?

[@carssimplified2195]

Ever considered financial planning? There’s a vast amount of ways to yielding a high income in the financial market but that you’d need to pick out an asset first, how much you want to invest & how you wanna invest.

[@jessicasam2516]

I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

[@AmberDen5293]

The market has gone berserk! regardless of experience level, everyone needs a sort of coach at some point to thrive forward.

[@charliehunnam5187]

True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@aarondaniels5525]

How can I contact your Asset coach as my portfolio is dwindling?

[@charliehunnam5187]

Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where to find her deets.

[@josephhughes9583]

Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing

[@ernestradner156]

📌Do what everybody else is doing if you are okay with only having what everybody else has.Information that will pay you everyday, you've got to stop saving all your money. Venture into investing some, if you really want financial stability. Choose to grow and elevate your mind by studying audios, videos, attending conferences that will give you the edge!

[@stevenwalker2117]

Lately I’ve been thinking of buying cryptocurrency for retirement, I’ve set asides $350k to invest but along the line,I usually get cold feet, maybe because I have no idea what I’m doing, please I could really use some guidelines.

[@jamieferguson4991]

@@stevenwalker2117 In situations like this,I always recommend to people on getting guidance at least from someone that understands price action and all that while you strive on improving yourself by watching videos and learning fundamental analysis.

[@marcoarigliani3460]

Investment guidance sounds like a great idea,thought about it before but never knew how to go about it.

[@seyedimohammadi6309]

@@marcoarigliani3460 I used to invest on my own because of making your money work for you mentality but never made any progress until I sought the guidance of Daniel Christopher Downes and he has made me understand that strategy is everything.

[@moniapoznan8156]

Wow…..Daniel Christopher Downes?

[@NHJDT]

My husband and I are in our mid 40s. We decided 20 years ago to live off 1 income. We have about $1.5M now, no debt, and now we travel in our motorhome while he works from the road and I homeschool. We were planning on traveling once we retired but decided to do it earlier with our kids. We like the idea of having the ability to retire if we wanted. I'm teaching my kids to do the same as they grow older. Living off 50% was a great decision for us

[@LaidbackLuc9]

I think it’s great. We’re living off of 30-40% of our combined incomes. That said, it is a privilege not attainable to all.

[@thisguy73]

Its great to be married to someone making $180K a year.. So easy.

[@fofofofo3076]

@@thisguy73 so true

[@guryurfur528]

yeah this comment is difficult to understand and relate to others without knowing how much the single job made, but congrats, thats awesome for you guys! consider yourself blessed!

[@missireason8998]

This couple is not retired. The title is misleading, as usual, for CNBC Make It. Owning so many properties as rental property is a job. Rental property is not passive income. Toilets clog up, AC units go out, some Tennants destroy homes etc. etc. They may like their situation better now than before, and it may be more flexible for them, but they are not retired. Retirement is when you receive an income and do absolutely nothing for it, like a pension payment, or a 401(k) distribution. Auto immune conditions are never cured, they have ebb and flows. Although she said her condition has improved, since she quit her job, things could make a turn for the worse. If I were them, I would have worked 10 more years. I would have made sure all rental properties had no mortgages. I would have maxed out the HSA and 401(k). I hope it works out for them!

[@barbaraventura2732]

She said she retired from teaching, not that she quit. I would bet she took a disability retirement. In Colorado, teachers get a pension they pay into instead of social security.

[@PhilipMurray251]

I’m currently retired, but look at my idea considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

[@tradekings5433]

Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

[@Robertgriffinne]

I dont think its nice asking here you guys downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@PhilipMurray251]

Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

[@Robertgriffinne]

There are many you could potentially find online. I personally work with Kate Elizabeth Amdall, and she's been spectacular. But there are also many others you could check out yourself.

[@PhilipMurray251]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..

[@Phrancis5]

That's great for them, but for all the young families that want to buy a home and complain about the lack of affordable housing inventory, this couple compounds the situation.

[@chessyoshi8626]

Another heartwarming story of people living their dream by buying up real estate so other people can’t live theirs.

[@WookieSenshi]

I'm not a huge fan of how they're going about this. Sounds like they're leveraged pretty heavily in this real estate and basically just crossing their fingers that nothing bad happens. But I do wish them the best and hope it continues to go well

[@ccul0439]

Thank you for sharing your story - beautiful and inspiring!

[@samrusoff]

They need to start putting net worth in the title, NOT just savings or stock investments. $540k does not buy 19 rental units. $540k does not generate enough passive income to support a family of this life. It took them 1.64 million at minimum

[@iandrayer6029]

"How I retired with $540k - have $1.1M of real estate". I'm also not buying that the number is that low - 17 properties have to cost on average over $65k each. That has to be $1.1M of equity in the real estate, not the actual value of the property.

[@asodawg4389]

The numbers don’t add up those properties don’t make much of anything than. $540 is net and they won’t stay retired long

[@thedopplereffect00]

If they have like 19 units averaging $200K each that is A LOT of debt. I hope they have a plan if the economy tanks and they can't find renters.

[@cjcj2940]

Right, the first rental they say 20% down with 60k so that would be a 300k property. With $1,200 mortgage on its own. So if they have 1.1million in equity they would have 5 million in total real estate value with 4 million in mortgage debt. Costing them about $10,000 a month? I like how they casually drop in making $23k in a month as a very minor source of income. Maybe they have property managers resulting in more free time and less income per property. Good for them, just seems to be missing some details to connect the dots.

[@trailer1210]

This is a beautiful story!!! They look like they are made for each other. Their story is somewhat relatable for folks in IT. Plus they aren't cheapskates!!! Thank you for this video!!! 🎇✨🎉

[@jamesbailey-dz1kq]

As someone who owns rentals… that is not retiring. Very challenging work.

[@michaelsasso13]

You got that right….they just shifted jobs.

[@kylerowan7214]

Tell me you've never worked a real job without... telling me

[@katelynrenesse4798]

Retired at 55 several years ago, $1m in the bank. More time with my wife. 3-5 trips to the gym each week that I couldn’t do while working. Way less stress. More time for hobbies. Cycled 5,000 miles my 1st year of retirement. Joined a golf league that work travel had prevented. Actually have seen our net worth INCREASE nearly each year in retirement, thanks to no debt and years of dedicated investing with my FA Emily Lois Parker who made me a million after giving her a sum of one hundred and eighty thousand to start. Now i'm able to help my elderly mom more. Way more time spent outdoors with my family. Life is good!

[@ericwilde4583]

smart, You've done well for yourself miss, It’s all about accumulating wealth through compound interest investment

[@ParishBlein]

hi, i'm 49 and already planning ahead for my retirement, i know it's really early but i'm working really hard to retire by 55. I've been working as an accountant for an AUTO company for 12 years and i already have close to 100+ saved but i don't know where to start. Can your Fa invest it for me please? i don't think i can do it myself. please i need a reply

[@katelynrenesse4798]

@@ParishBlein I admire your hard work and i must say you're well on your way to retiring early. Look her up, she's not hard to find. Goodluck

[@billcresta]

@@katelynrenesse4798 out of curiosity i did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply. Thanks for the tip

[@ParishBlein]

@@billcresta Thanks for saving me hours of research, copied Emily Lois Parker on my browser, i'll reach out to her really soon. great share!

[@ryanwilliams989]

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@BiancaSherly-qt6sb]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.

[@hunter-bourke21]

Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.

[@maryHenokNft]

I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

[@maggysterling33254]

@@maryHenokNft Amazing! I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?

[@maryHenokNft]

The decision on when to pick an Adviser is a very personal one. I take guidance from*Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@basehead617]

the rental homes racket works until it doesn't and you lose half the value in a crash and are ruined for decades.. ask people who did what you did in the years before 2008

[@d-snowflakeashton9056]

Smart, loving, and beautiful family. Glad they're enjoying the best times of their lives.

[@yellowmoon1084]

$50k for a home is just nuts. In my market, $50k will get you a garage. Impossible to be cash positive on rentals with a mortgage in my area. Good for them figuring a system that works for them.

[@alecgalbraith5604]

Sounds like what they bought all needed full rehabs, so you’d need to factor in those costs (and time) as well.

[@beatricerights]

50K is not even a good down payment in NYC

[@krn2683]

I have friends in that area. Housing is cheap as heck especially if you're willing to put in some elbow grease on a fixer up.

[@unknowndriver6652]

They didn't figure out anything they got lucky the marker was very cheap in 2016 that's all

[@HighCountryRambler]

Anyone owning 19 rental properties works more than 4 weeks a year guaranteed. I chose to do the opposite, bought land and built a home, lived there a few years, and bought another piece and built another home. Got both paid off very fast and renting both high end homes, living in another house I built on another property. Having 2 high end properties attracts a different clientèle who actually pays rent, being paid-for generates similar net revenue as their 19, minus the headaches. Everyone says use that the equity and buy more? Why, so I can net the same only with more tenets to deal with?

[@marvinbrown1717]

I really resonate with the statement, "I had been working for a retirement that I may never enjoy"... So often we are future oriented, which is great, however, it is so important to be present, as we cannot predict what life gives us. Thanks for the video, while I know the FIRE movement isn't for me, its great seeing those that are successful in it, and there are bits and pieces that I can take away from it.

[@mocheen4837]

Yeah, I have at least 8 more years to go. I plan to retire in my 50’s. I already switched to part time work. Trying to find more time for family.

[@marawood3801]

Right! My aunt worked hard saved money and retired at 66 only to die from stroke 6months later. She could have retired earlier but wanted to save more. My advice is retire early if you can afford to.

[@Zeek509]

"I just began to realize that I had been working for a retirement I may never enjoy." This is SO impactful for me! It is so true that we bank on making it to retirement age and that's no guarantee! And the fact that being free from the workforce has contributed to better health for her speaks volumes!

[@MrTmenzo]

Only thanks to her husband's good salary though, if she was single she would have to continue working sadly.

[@donlarson3884]

Taking care of rental property is a headache. It sounds sweet until you get crazy renters. They can be hard to evict sometimes and they can tear your property to pieces. Very expensive to fix back up.

[@anamandic4540]

This process might be interesting to people who have never considered the way that real estate might be used as an investment tool, but let’s be clear: This is not a universal solution to people’s financial woes, and the practice has externalities that actually make life worse for the average person. Kind of annoying that CNBC actually presents this as an aspirational financial trajectory without any emphasis on the broader societal consequences. In the context of a limited and diminishing housing stock where poorer first-time home buyers have a difficult time getting a residence, investor opportunists buying up all the real estate (especially the least expensive, small, “starter” homes) so that they don’t have to work anymore makes wider inequalities in home ownership worse. And home ownership is a major vehicle for building generational wealth in this country. Thanks for glamorizing the process of using the underregulation of our capitalist system to make your fellow man worse, CNBC. 😒 Where would we be without this highest caliber of journalism?

[@Bradimoose]

Seems crazy to have that much debt to make 2k a month on 19 properties. Maybe I'm not understanding this correctly but owning 19 properties with net rental income of 4-6k and monthly expenses 3500-4000. One new roof would wipe out 2 months income. One bad tenant that takes 3 months to get evicted could be a problem.

[@kalah6962]

@Jesse K The way I understood it is their net rental income is 4-6k. That's after the monthly expenses for the properties (including debt service). Their personal monthly expenses are the 3.5-4k so their rental income is enough to cover their personal expenses.

[@DavidVelasquez9]

I am from Spain, my friend in Texas referred me to this channel you make a lot of sense but I do not understand anything until she referred me to a financial counselor in USA that help me to craft my portfolio and over a year we have been working together making consistent profit enough to get me a new apartment and care for parents.

[@DavidVelasquez9]

@@philippllobet717 it is not a he. It is a lady. I see most things she says and use to carry out trades are done by Steve. that is how I know she knows what she is doing. in her technique of over night trading she says she use stop loss and take profit strategy. She trade on her account and it reflects on your own

[@DavidVelasquez9]

@@philippllobet717 Her name is Laura Marie Keilman. Look her up online, she is quite popular in the united states and she is a certified financial adviser in order to put you through the procedures of achieving your dream portfolio.

[@DavidVelasquez9]

@@philippllobet717 I have referred a few of my friends, she is working with them currently and they have improved greatly with their finances. I have made 153,000 usd since Nov with a capital of 10,000 usd that i initially deposited, she collects her fees after you have made profit and her style is such that I am in control of my funds and to a large extent also what happens on my account

[@adammorra3813]

What a lovely couple and family. Good for them!

[@perro7183]

They must have had luck with finding good tenants that pay on time in all thier rentals. All that debt could catch up with them if they come upon bad renters or the housing market crashes. Good for them tho, they seem to have worked hard and achieved thier goals

[@unknowndriver6652]

Exactly, people on youtube made it looks easy but its not.. you need luck to buy cheap and get good tenants that pay always on time.. that's rare

[@FunStuffBuddy]

Their hugely leveraged real estate DEBT hanging over their heads is stressful. I wish they shared how much that is and talked about that more. And yes, stop the title about “retired”…they are working as much or more hours now!

[@TheCreoleSon89]

I agree with the “retired” part. They just have different job titles which is fine. The first part about their leveraged debt doesn’t phase me as much because they have a significant cash backing. They have over 100k in just liquid to help with any repairs and survive their problems with tenants. I know a few people just taking debt to keep capital flowing. I like their situation but absolutely they are not retired.

[@FunStuffBuddy]

@@TheCreoleSon89 great points. agreed that debt isn’t all bad but it also was completely ignored/not acknowledged and is definitely an important part to mention since it still weighs over your head early on in the process

[@TheCreoleSon89]

@@FunStuffBuddy oh for sure. I hope they did what they did with the first house and put down 20%. I watched twice and I didn’t see what they did with the next set of houses. I’ll give it one more view to see if it is clarified but I will probably head over to their KZbin channel. Also, did you see she sells insurance too? I thought dang 23k for a month of selling? She must be a beast at selling or in a place with no rain. Haven’t decided which one.

[@FunStuffBuddy]

@@TheCreoleSon89 yes!! I was like $23k in one month selling insurance!?! They need to provide the details on that! That’s crazy!

[@TheCreoleSon89]

@@FunStuffBuddy because I would do that in a heartbeat. It takes me 1/4 of the year to get that kind of money from working 2 jobs lol 😂

[@robertthurmond8161]

Beautiful journey, one that folks really need to watch. I’m 50, retired a while at 45. I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accounts, in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly.

[@gagnecaron658]

You seem to be doing a bit good for yourself. Do you achieve this via a consultant? because I need a scheme to generate a high yield percentage ROI for me and advise on what that would be. In essence, good investments that'll help me achieve FIRE.

[@robertthurmond8161]

@@gagnecaron658 Oh yes I definitely use a licensed consultant. He places a sizable portion of my capital in fixed securities that generate high in-come for me quarterly like treasury bills, corporate bonds, government securities, and debentures & REITs.

[@gagnecaron658]

@@robertthurmond8161 Okay please is there a way I could reach out to this consultant? There's certain goals I have for myself before clocking 40.

[@harleycartley3138]

You’re really killing the FIRE game. I wish to have this someday

[@robertthurmond8161]

His name is James Fletcher Brennan, you can look him up if you want to reach him

[@cmvox7132]

I'm curious - who is managing your properties? Because managing 19 properties definitely can not be considered 'retirement'... it is a lot of work

[@triplecanopy5364]

Retired with $2.5 M,, @60 $540K? at age 40 I would dust off those resumes, inflation, and medical insurance with gas and heating bills will eat you up, and so will Colorado housing.

[@arigutman]

The key to videos like these is simply realizing life is simple, less is MORE. Everyone thinks you need to be a millionaire before retiring, but that is not always the case, you just need to think and act like one...

[@edlee9432]

So rare and refreshing to see FIRE with actual children involved. But I don’t see the landlord experience as actual retirement. It’s a lot of work and headaches.

[@vegasridealong]

These people are not retired. They started a business.

[@thisguy73]

Pretty hard to manage properties in Memphis from CO but let's leave all that detail out.

[@magicalpodium]

I respect your hustle but love you for the way you work as a team and complement each other. I wish more people from my community can collaborate like this.

[@kojosei2456]

Any idea the budgeting software/website they were using?

[@wolfgangi]

This is why there’s a housing shortage , you don’t want to be a millionaire? Why acquire 10+ properties lol

[@donaldlyons17]

Because people have to have a place to stay so they are forced to pay someone for that access!!!

[@quinnh9107]

Financial freedom.

[@manavmishra9071]

For most people..its better to be a financially independent than being a multi millionaire.

[@alp.9672]

Most people rather be multi millionaire not live frugal and boring like this couple.

[@sikwithin]

I think this is cool, but FIRE means to retire early but with so many rental properties it sounds like they will still be managing and keeping up with everything. This is not truly FIRE imo. It sounds like they have reached financial independence more than the “RE” part of FIRE.

[@MyLifeThai371]

My classmates brother retired at the age of 38 in Colorado. He spent 20 years in the U.S. Airforce and now gets his monthly pension. He saved up and paid cash for his condo, before he retired!

[@DrolmaRach]

This is a really sweet and inspiring story. Thanks so much for sharing!

[@daneshj4013]

Wish they actually showed their mortgage debt instead of saying that "tenants cover it" as if it's not their obligation

[@travist2176]

Right, they don't really tell the whole story, but do some calculations the expenses on the rentals are around 50%, so their total loans are around $5k/month on 17 properties. So those are some really cheap properties that are making $500/month in rental income.

[@King_Jab]

Would like to see how you spend 100 a month on groceries with a family of 4.

[@TheCreoleSon89]

I agree. I’m as cheap as they come. I buy Walmart gift cards for 2-4% discount and I still spend 135 on groceries. AND I LIVE ALONE. I call bull.

[@donaldlyons17]

@@TheCreoleSon89 Depends on what they buy. For example I bought spaghetti sauce and noodles and vitamins and so some months were 60$ and others were 80$.

[@TheCreoleSon89]

@@donaldlyons17 for a family of 4? If it’s you alone I can understand getting away with 100. They must have animals and a huge garden or go to the pantry. Because that is a very low number. I do buy a lot or produce so I can understand if I just ate beans and rice everyday.

[@thisguy73]

Food banks

[@Audreylin29]

Good point!!!

[@jasonmarquez6033]

I never post. This is my one and only time I’ll do it. This video shows a family sitting on a ticking time bomb. The fact they have all these rental properties WITH mortgages is insane. They are a recession away from loans being called and tenants unable to pay/occupy. Just ask Dave Ramsey how that ends. This isn’t FIRE, this is heavily leveraged gambling for short term gains. I don’t fault anyone’s choices - more power to you… but don’t call what they’ve done with rental properties FIRE.

[@Sunny-il1xm]

The cost of health insurance when I retired after working at my job for 31years at the age of 53 was a real eye opener. I was paying about $1700 per month with my employer still contributing. I'm now 68, thank God for social security and Medicare and my pension. Retiring in your 40s sounds awesome, but your not investing into social security or a pension or a 401k, which I did. I still paid $2500 for my car and home insurance last week, so its still expensive even at this age. I relied on my 401 to cover unexpected expenses, but the economy hasn't been the greatest for awhile and can't rely on the stock market. These large amounts sound great to retire on, but it goes very quickly when you don't have a sure thing coming in every month. Some people think that SS is automatic at 62, it isn't if you didn't contribute to it.

[@ifihadfriends437]

These people aren't really retired since they have to manage 19 properties. They're probably still contributing to their retirement accounts.

[@selfridgesforever4399]

I aspire to be this type of wealthy! Congratulations to them, very aspirational

[@FinancialFreedomLifestyle]

Cash flowing rental properties is definitely the fastest way to reach FIRE. That’s how I was able to “retire” my 9-5 by the age of 28. Good job guys!

[@JimzAuto]

What’s the likelihood most of your properties will fall behind and/or stop paying?

[@FinancialFreedomLifestyle]

It happens but you keep reserves for that. Our evictions generally take 60-90 days at the most. The secret to having safe real estate investments is buy in good areas and but bigger buildings. single family homes are not the best IMO when starting out. If that person leaves YOU have to pay the bills. But when you have 6, 8 ,12 unit buildings that risk goes down.@@JimzAuto

[@MichaelChengSanJose]

Well done. So cheap in Colorado to get into rentals. Then again, just two of my rental units in the Bay Area generate more rent than their 19. Still, they’re fortunate that they aren’t having to budget $5-10K a month to care for elderly parents. I don’t think there’s any chance I could survive on their tight budget, but good for them. Also, if they call managing rentals to be retirement, then I retired long ago, but I’m still busy daily managing the rentals.

[@casienwhey]

This headline is a stretch. To say they are retired makes it sound like they are free to do anything. Owning rental property is hardly "retired," it's hard work. You have to manage everything (tenants, repairs, taxes, evictions, lawsuits). It can build wealth but it's not carefree and it's certainly not freedom from work. It would be more accurate to say they left working for others to work for themselves.

[@retrogamer2548]

23K per month for selling insurance to ranches. That is the real income. That comes to 276K a year. That is good money.

[@darrellbratton9679]

I only caught that she did it one month out of the year. I did not catch that part.

[@JD-ss2pm]

When was this filmed? I'm surprised to hear Debbie speak of decreasing mortgage payments in this time of rising interest rates.

[@Zoetherat]

She was talking about her mortgage debt overall. As the years pass, she pays down the principle of her mortgages so the amount she owes to the bank becomes smaller. A lot of her mortgages are probably 30 year loans that don't change no matter what happens to interest rates, although i'm sure that not all of them are.

[@theotherguy6155]

if you're american and you aren't getting a fixed rate mortgage --- you're doing it wrong.

[@kyungshim6483]

Congratulations to this couple. Very inspiring. But I wanted to point out two things. They: a) didn't retire with $540K, they retired with a lot more; b) didn't really retire, they are working managing their properties.

[@gchiriac48]

this is very misleading. they DID NOT retire, they just transitioned into being small business owners. managing rental properties and renovating on your own is still full time work.

[@foxhound34]

That was my immediate thought, not to mention I highly suspect they have a negative net worth with all those properties.

[@FinancialShinanigan]

Give a few years before they sell online courses on how to become a real estate millionaire

[@thoryan3057]

Yep. Their options are: 1. Go back to work eventually (one day, when their "fool proof" retirement plan collapses) 2. Make money selling online courses on how to become a real estate millionaire 3. Make money through youtube selling becoming a real estate millionaire creative content 4. A combination of 2 and 3 People like these people make me sick. They sell financial fantasies to people who are desperate to retire than is realistically feasible. Personally, I do plan to become financially independent one day, but probably not until my late fifties or early sixties. Retiring at age 40 requires substantial luck, substantial income, or substantial commitments, or substantial idiocrasy on how much you actually need to retire for a 50+ year retirement and/or urgency for proper debt risk management. I hope to have $500,000 by age 40, but after future inflation that would not be enough to retire for 50+ years no matter how frugal I choose to be.

[@beatricerights]

@@thoryan3057 They have been "retired" for over three years so it's working for them.

[@thoryan3057]

@@beatricerights Wow, a whole three years. Gee willikers, talk about success.

[@Wholefoods6671]

@@thoryan3057 lol you hating bad. They make 8-10k a month on rentals, they will be fine as long as they save some of that money and continue to buy more properties. If you don't make enough yearly income, it means you work a low skill job that doesn't require extensive training. Tech Trades Healthcare Pick one and go make your money

[@thoryan3057]

@@Wholefoods6671 ".......and continue to buy more properties." You do understand how buying more properties on leverage is MORE risk, right?

[@pwrhtr777]

A few things. First of all, you are certainly not “retired” as a landlord of 17 properties! Seems like you’ve had luck with tenants so far, but that will change and the constant administration and upkeep of these properties is a huge hassle. And second, I thought she retired due to an auto immune disorder. If so, how can she be working all day physically in a house getting it into renter shape? You can do that but can’t teach? Doesn’t make sense. Anyway, good luck to them but the real money will be made once they’re sold. Until then, this is FAR from retirement.

[@beatricerights]

Usually when properties cash flow like that they don't appreciate that much.

[@Wholefoods6671]

Y'all are jealous in this comment section lol

[@chrisharris4223]

Consistency and mindset are the key. I am saving a lot these days but have not always been in a position to do that. What I have always done is save what I could, never live beyond my means and think extremely carefully about any purchases not just the big ones. I hope to retire when I’m 50 (or at least be in a position to do so) and this should be no problem (I’m 42 now)

[@xxlalbatross3287]

👍

[@travist2176]

$1.1 over 17 properties = $65k each. So they bought a bunch of cheap modulars and old houses with 20% down loans = $100k/yr rental income with around $50-60k profit each month, then live on 75% of that. So that does not explain the $740 in other investments. They saved $90k and used $60k for their first 5 houses? They must have had the IRA and 401K already saved because they are not making enough now to save up that much in a few years. If they made $150k/yr when they both worked and saved $100k then they could have saved quite a bit.

[@Zoetherat]

Inaccurate title. They really retired with $1.64 million.

[@lilbabygroot]

Misleading title. Makes it seem as though the cash flow came from the 540K. Lame

[@engineeringgoat8576]

Instantly recognized the voices from go bucket yourself. I really enjoy the podcast

[@ryanbrandhagen6202]

no wonder people are finding it impossible to buy a house in Colorado.

[@letsmaketacos]

I’m confused on how they were able to live off 50% of his income, if they were buying houses simultaneously

[@prettygirlus9008]

I'm guessing mortgage loans on the houses.

[@rickyayy]

Loans

[@mocheen4837]

You need an income to apply for a loan. They gave me a hard time even when I refinanced my home loan. I have enough cash to pay my house off 4x. Not sure why they scrutinized my loan so closely and my credit score is in the mid 800’s.

[@imveryhungry112]

did u hear the part where they said they tried to spend $100 a month for groceries sometimes?

[@retrogamer2548]

I've bought hundreds of houses. All 0 percent down loans. No money needed to become a millionaire.

[@meriterick7038]

[@patienceeric3236]

People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.

[@emmamartinezs5046]

You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.

[@user-u818]

This must be an investment with Mrs Maureen K carr

[@simonkatz6789]

I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price

[@andreamfernando9485]

Such a wonderful personality, you’re totally a genius with your work and you have the best options.thank you for your help Ms Maureen

[@loicrose1826]

Thanks for the video

[@raytas9140]

So inspirational ❤

[@IgWannA2]

Being a landlord for over a dozen properties, working 1 month a year, writing books and hosting a podcast does not sound like retirement to me.

[@truehappiness4U]

Retirement means not working 9 to 5 jobs anymore. What they do is retirement. Writing books etc. Is seen as hobby. A fun one

[@ErickaWilliamsCC]

so you want to sleep all day and do nothing??? what does retirement look like for you?

[@IgWannA2]

@@ErickaWilliamsCC Travelling the world and not having to worry about 18 properties (or money in general) is what retirement sounds like to me, lol. So many FIRE people seem to also be doing seminars or websites or books or blogs as a side hustle. Not really retirement IMO. But each to their own. Retirement is just financial freedom, but personally I don't think worrying about property rents is true freedom.

[@hippusmaximus9319]

This is not true FIRE. It is only half - the financial independence part. This couple did *NOT* retire early! They just changed careers.

[@yiyufeng2742]

Really inspiring with all the hard works and strategic thinking!

[@ivansmith4242]

This is not retirement. This is switching career paths.

[@shannonhutchinson4084]

If you have side jobs such as insurance sales, book writing and podcasts, you are not really retired. You just rerouted course with less hours. It is not bad at all but clearly not retired.

[@rickyayy]

Semi retired still has the word retired in it

[@ilovegoodsax]

It's called "semi-retired "

[@gregstaveee]

BaristaFIRE is the term for what theyre doing. It's technically impossible to retire under 60 because health insurance is outrageously expensive outside of an employee sponsored plan. It seems like theyll need it as they told us that one of them have a chronic condition. So you either work a stressless part time job that offers insurance or have side income to fund that

[@shannonhutchinson4084]

@@ilovegoodsax that is not what is in the title nor what the said in the video.

[@shannonhutchinson4084]

@@rickyayy that is not the title of this video.

[@deweyvu820]

They are actually doing very well despite critics on here. 540k easily pays for the mortgage for 19 properties and they can hunker down for a year worst case nothing rents. Plus there is a ton of sweat equity from rehab.

[@mickylord21]

Never heard of sweat equity satisfying mortgages

[@buythaiproperty]

19 properties in 4 years and all with mortages. Banks lend so easily in the USA and this why Lehman Bros happened in 2008.

[@TLooP]

This is great! I do admire this lifestyle. Here is the only downside the properties that your renting out and living off of are jacking up prices for anyone else to live in as a renter. Also it’s taking away a home for a first time buyer and keeps may people house poor and makes home buying impossible. Ones wealth and joy becomes others hardships. Please do chime in I’d love to hear thought. Please not this is not to insult nor add fuel to a fire 🔥 it’s just speaking from my own personal experience not be able to buy a home and being stuck in the rental game over and over again in Denver. Like I said I admire what you both do and with all respect id like input.

[@laurenb6850]

Agree. Tired of these home hoarders.

[@TLooP]

@@laurenb6850 “We will own nothing and be happy”. Possessions will all be rented as the ever changing climate will move all of us. The supply chain will be Amazon and wars won’t be over oil but Elons Musk lithium ion battery. This is just the kick off post Covid-19. Please chime in on your thoughts 💭

[@alicebenard5713]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity

[@blessingpaul5484]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@SophiaBint-wj8wn]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@alicebenard5713]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

[@KatherineAnderson-lm8bw]

Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@user-cr8nd1sy8e]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@davidsun9026]

I feel like this is kind of misleading. They don't own the properties out right. They are relying on tenants to service the debt and cover the payments. If the tenants don't pay, they can't cover the cost on a single income. Then it's a bunch of headaches to evict non paying tenants. They've just traded one type of job for another.

[@watson457]

So they don't have $540k, they have $1.64M+. Way to make a headline.