HUGE Problem With Financial Independence

  Рет қаралды 6,703

Jarrad Morrow

Jarrad Morrow

3 жыл бұрын

If you're a big fan of anything then there's a good chance you're a little biased. I've noticed this when it comes to the topic of Financial Independence and Early Retirement. Since I love everything about the FIRE movement I thought it'd be a good idea to challenge myself to take a step back to look at opposing views.
In this video, I'll go through the different downsides of someone pursuing and achieving Financial Independence. The goal with this one is to give you a chance to take a step back to ask yourself "am I okay with these potential negative side effects?"
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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.
#financialindependence #FIREMovement #Investing

Пікірлер: 79
@JarradMorrow
@JarradMorrow Жыл бұрын
Check Out My Recommendations (It helps support the channel):
@BradFinn
@BradFinn 3 жыл бұрын
Background is looking🔥🔥. Great Info Man. Not Too Many People Talk About The Sacrifices!
@LMCEK
@LMCEK 3 жыл бұрын
This video is brilliant and resonated with me to my core. Thanks for the info 💓
@na-cp9kp
@na-cp9kp 3 жыл бұрын
Great background, Great delivery. Overall Great video man!!! Keep up the good work!
@SQLUniversity
@SQLUniversity 3 жыл бұрын
Jarrad, I totally agree with you: I am always thrilled when my friends succeed. There is room enough for all of us! I believe that this is a common thread in all successful people. Unfortunately some people haven't "evolved" to that point and suffer from a scarcity mindset. My brother and I talk about financial opportunities together at least twice a week, and when one of has a win, even a small one, the other is elated and encouraging, like "That's fantastic!" or "Nice going!"
@terril7091
@terril7091 3 жыл бұрын
Hey Jarred. Love your videos. So inspiring. Waiting for more.
@geovannyl.2801
@geovannyl.2801 3 жыл бұрын
I’m glad you’re back Jarrad
@rla510
@rla510 2 жыл бұрын
Love your channel Jarred. 👍🏻
@rachelmcnutt6919
@rachelmcnutt6919 3 жыл бұрын
Recently found your channel and really enjoying your videos. An active community to discuss all things FI would be wonderful. I hope enough people express interest. I started getting serious about FI a year ago and it's a pretty lonely place sometimes, especially doing it myself.
@nataliegabrielse2194
@nataliegabrielse2194 3 жыл бұрын
Love all the advice.. Keeps one motivated. F. I would be awesome but working less hours and enjoying life is my plan as well 😊 balance is key
@jennifer5712
@jennifer5712 3 жыл бұрын
You are so right about people not wanting others to achieve. Glad you keep things close now. I would like to be FI, but I have to change some things.
@jasonfbaker
@jasonfbaker 3 жыл бұрын
Nice lighting, graphics and voice. Easy to engage/listen.
@minihorses
@minihorses 3 жыл бұрын
Miss seeing you on KZbin, hope you're doing well. My HSA is growing thanking you for your video on how to invest it! :)
@eldogg4life
@eldogg4life 3 жыл бұрын
83% savings rate... did I hear that right???
@jasonfbaker
@jasonfbaker 3 жыл бұрын
Yes, let’s make a community! There is one in Columbus, Ohio but it is not very active. An awesome presentation on HSA investing did get posted the other week on that community.
@HiddenFreedom
@HiddenFreedom 3 жыл бұрын
My guess is, the closer you get to FIRE, the more you will think about it. Early retirement planning is not easy, IMO. Moving assets around can take time, especially if you're trying to do it in a tax friendly way. Thanks for the tips.
@iamjane9628
@iamjane9628 3 жыл бұрын
"Meat suit" - ha !! I think about death all the time, too. I am an oncology nurse, so it goes with the territory. You are correct, we are all incredibly vulnerable.
@jasonfbaker
@jasonfbaker 3 жыл бұрын
More videos please :)
@shastaweston
@shastaweston 3 жыл бұрын
I also think a lot about death and the possibility of loosing my parents or getting in a bad accident, anything in this life can happen which is both chilling and unexpected.
@travisbarkel3666
@travisbarkel3666 3 жыл бұрын
Totally get the mortality concerns, it's a balance for my wife and I because neither of her parents made it to retirement (f*ck cancer) so its hard to know whether to live life now (buy that boat!) or sacrifice and potentially still never get to enjoy it.
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