Investment Accounts Needed for Financial Independence | FIRE in Less Than 10 Years

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CORRECTION NOTE: The 2019 contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is i$19,000. The 2020 contribution limit will be increased to $19,500. In this video we noted that it is $19,500.
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Our Rich Journey - Investment Accounts Needed for Financial Independence | FIRE in Less Than 10 Years: After reaching FIRE (financial independence retire early), we both quit our jobs, retired, and moved our family of four to Lisbon, Portugal. We reached FIRE before 40 and in less than ten years, but in doing so, we had to be strategic about the investment accounts we invested in and the order in which we invested in them. By being strategic about our investments, we were able to reach FIRE in less than ten years. In this video, we discuss the specific accounts that we invested in and the order that we invested in those accounts to reach financial independence. We detail the accounts that we fully invested in first, second, third, and so on and we share why the specific order that we choose was crucial to our financial independence journey. Thanks for watching!
Music: bensound.com
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DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
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#FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly

[@OurRichJourney]

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[@imsatindoll]

Omg I’m so proud of myself. This exact order I planned before I discovered this video. Woo hoo. My financial intelligence is increasing lol

[@josephwilson7937]

Great!!

[@daystar73]

Congratulations! You're on your way!

[@abangbangpow]

Me too!!!

[@Marthastewart209.]

nice job!

[@joshuapitt7167]

I am only 11 but you guy have very inspirational video I love you guys]

[@missflower6142]

Keep on educating yourself. You're going to go far.

[@V.E.R.O.]

Make sure to open a Roth IRA when you're 18.

[@teemiller7499]

Wow 11 and interested in your financial future. I love it!!!!!

[@MsSadieBrown]

You are an amazing 11 year old!

[@wdeemarwdeemar8739]

Josh I am almost 50 I am doing very well but wished I would have learned this stuff earlier.

[@grazynawolska8160]

Translation for Canadians: 1) workplace RRSP -up to the matching % 2)TFSA account 3)skip this step-no health account in Canada :( 4) your own RRSP retirement account 5) RESP for the kids 6) taxable cash brokerage account 7) savings and GICs

[@whatoyou]

thank you

[@user-ww1wh3wz5d]

HSAs are the most 'murica things ever. You save money for medical expenses by investing in the stock market tax free. Amazing.

[@LoveWyns]

@grazyna wolska you're comment is helpful to me! I'm in Canada too. Thank you! 😊

[@RyeLady99]

Thanks for this. I'd like to add that its worth while to check with your employer if there is a TFSA option for the first account type (the employer match account).

[@QuesttoFIRE]

Smart idea to save for a “market crash” emergency fund! 🔥🔥🔥🔥

[@OurRichJourney]

@Quest to FIRE - It's quite a bit larger than a normal emergency fund, but now that we're retired and relying on the market, we definitely need it! Thanks for watching!!!

[@rkms5606]

Love this

[@craigheard2504]

@@OurRichJourney OK. So that is the reason it is so large, since you rely on the market post FIRE, it allows time for the market to recover and U and your family are financially safe as this occurs and U also make changes (If u feel the need to) based on market conditions at this time yes?

[@craigheard2504]

Thank U. I will apply your advice. Your channel is GREAT!!

[@mountainmonkey15]

This didn't age well lol

[@ADR7707]

This just goes to show you what a couple can achieve, when both are focused, disciplined, and on the same page. You two are awesome. You had a goal and you achieved it. What an inspiration!

[@teacherdavid--eatplaylearn5013]

Blessings from Taiwan 🇹🇼😇❤️ Totally agree 👍

[@mintyaashka5837]

I’m trying to find someone to do this with 🙂

[@EvangelistRBColbert]

You guys are the greatest!!!! I am very happy to say my wife is finally onboard regarding our finances. 😀 Now we are building wealth together.

[@OurRichJourney]

RB Colbert - that is beautiful news!!! Thank you so much for sharing. Building wealth is so much better as a team! :)

[@robertdais7569]

Congrats!

[@shockwave1986]

Well done guys, you’re putting genuine content out there, honestly. More importantly unlike rich “gurus”, viewers are taking the journey with you. No shady schemes or get rich quick offers, which plagues KZbin these days and take advantage of people with poor financial education. You are making a difference!

[@OurRichJourney]

Thank you so much! We LOVE that you are enjoying our videos and that they're making a difference for you! Thank you so much for sharing your comment with us!!!

[@Cieloazul85]

Right? They're not flexing in their yacht while trying to sell us a million courses on how to get rich. Just real, down to earth, honest information. Amon and Christina are heaven sent.

[@Redbonegapeach]

THIS video! This is the game-changer, right here!!! THIS is what should be taught in schools! This has and will forever change my life! You both deserve all the blessings you have. You have blessed so many of us. Thank you so much!

[@KindHumbleWise]

Can't happen. Schools teach students to become workers for society, not financially literate, unfortunately

[@htorres11]

Just found you two and am very impressed with the depth and breadth of the information you impart. No fluff and chock full of substantive data. Thanks a bunch!

[@kimberlya2783]

I’m a federal employee so, after seeing how you achieved FIRE as federal employees, I’ve been hooked on following your video lessons. THANK YOU FOR SHARING!👍🏽💰🏘🏖🌎

[@cosandraodame7623]

I love your channel you not only explain what you're saying but you give a detailed plan on how to achieve it. Some of the channels I've come across they don't explain how to do it. Thank you I've subscribed

[@tokyo2961]

The Both of you have a gift of teaching. Systemic and organized- Good rhythm as well.

[@KT-yi4kx]

I love all of your videos. By far the most useful, real world, simple talk on how to invest. Thank you and congrats again on achieving FIRE!

[@SuperYova]

I've been making my way randomly through all your videos and hit this one today. It is simply one of the best guides out there to saving your money whether you want to retire early or not. Love your style too. Thank you!

[@williamelam6754]

Just started watching your videos an just want to thank you for the info. Most people charge for this but thank God you offer good real life info. I jus hated I waited till I got in my 40’s to try an get myself strait

[@strongforu]

You guys are helping me to implement plans that I had been thinking of for quite some time. Thank you!

[@jaimenuttoli9071]

Perfect timing, this is exactly what I want to focus on and have been trying to wrap my mind around the order and how to prioritize - thanks!

[@OurRichJourney]

Jaime - So happy this video came at the right time! :) Hope that you can now find a strategy that works best for you. Thanks for watching!

[@DanyCesc83]

Thank you so much for the info guys! I have gained so much knowledge from watching your videos and doing my own research, as a single father with 3 boys my primary goal is to retire early! I turning 32 soon and the goal is 42. Keep it up and thank you!

[@robertdais7569]

Bravo! I've been looking for a simple explanation of which tax advantaged accounts to fund and the order to do it in and this video lays it out clearly! You two are amazing teachers and I love the coordination with the vintage t shirts! Too adorable!

[@abdallahshaban4804]

You are by FAR the best personal finance channel on KZbin. Super actionable information, and the order of operations, and how you break things down is impeccable. In 2 weeks of watching your channel, I was able to set up the skeleton of my FIRE plan. I cannot thank you enough!

[@everydaypengs]

thanks for the previous video on planning your retirement fund in different draw down periods! I applied the concept in my local context (Singapore), started planning and deploying resources in that manner... really common sense but didnt thought of it until i saw it in your videos! thanks for sharing!

[@OurRichJourney]

Wow - thanks so much for sharing your comment! I LOVE that our videos inspired you to take action with your resources! That's so exciting! :)

[@RMalai]

recently I am addicted to watching your videos. As many people in the comments section have told, you guys are the best. your nature, goal, intelligence, bravery, thirst for success.. unbelievable!! So inspiring. you guys are teaching life lessons to many people younger and older (than you) at an younger age!! that's your specialty.

[@OurRichJourney]

Wow! Thank you so much for your kind words 😀 We're so happy to hear you're enjoying our videos!!!

[@hersheykiss722]

This is literally one of the best financial videos I've ever watched. Thank you soooo much!

[@allanrobinson9786]

Thank you both for your valuable content. The FIRE movement is achievable and you are both a living testimony to that through living below your means, saving, and investing often. You are both a blessing!

[@TutandGaming]

You two need a podcast and write a book about financial independence. Btw sick haircut... tryna save some more money I see 🤔, wish I had a good shaped bald head like you. Hopefully, I can be just like you someday. Looking to retire early to focus on myself, future children, wife, investments, etc. Your content is probably worth millions in the future.

[@OurRichJourney]

Moiz Raza - Thank you sooooo much! You are way too kind and supportive! :) Now that we have more time on our hands, perhaps a book will be in our future! ;)

[@FrithEvans]

I love your videos! You both explain things in an easy to understand matter and it really helps! Thank you so much.

[@OurRichJourney]

Thank you so much! We're glad that you find our videos easy to understand! :)

[@ruchika5502]

You guys are my new favorites! Wisdom explained so well. I love your style too

[@yonihumphrey2860]

Congratulations on reaching FIRE and THANK YOU for sharing your knowledge with the world in a way that is so understandable. 😊

[@DividendGrowthInvesting]

Best quality out there when it comes to FIRE. I love following your journey.

[@OurRichJourney]

Aww - thank you so much for the huge compliment!!!

[@arthawk1100]

The both of you are a Godsend!!:D All the FIRE information I was looking for in one place, done by people with real world experience implementing it. Kudos to you both. Subscribed. Cheers!! :)

[@OurRichJourney]

Thank you so much Derrick! So glad you liked the video AND so happy you subscribed!!! :)

[@arthawk1100]

@@OurRichJourney Thank YOU. I sent links to my friends here in Philadelphia. Fantastic Information. Thanks again. Cheers!

[@OurRichJourney]

Derrick - That is so amazing!!!! Thank you so much for sharing our channel with your friends - you're helping our channel grow!!! :)

[@LovelyKelly645]

What is FIRE?

[@flyhighfreebird]

@@LovelyKelly645 Financially Independent, Retire Early

[@kathrynparker983]

And, I just want to say I love your videos. I find them easy to understand (even though they address only young people), but you speak at a pace I can understand and you're friendly and knowledgeable. Thanks!

[@happyhound1373]

You’re videos are more helpful than any information or help we received from a financial advisor that we had previously worked with. Thank you!

[@ReadingTimeWithZa]

Christina looks extra relaxed! 🥰 The FIRE glow up is real! I can’t wait to hear more about your journey and follow in your steps. 😭😭😭

[@OurRichJourney]

OMG - I'm going to read this comment every day! LOL! I feel way more relaxed these days! :) - Christina

[@anagrabish470]

You do an awesome job in being succinct in your videos - great information! Thank you! I would love to see a video on how your FI strategies might change if you’re starting at 40.

[@OurRichJourney]

Ana - thank you so much for sharing such a kind comment! :) We were actually talking about doing a short series of videos on FIRE strategies for 20, 30, 40, etc. Glad to hear there's some interest in that! :)

[@genjimonogatari6156]

All I can say is wow. Looks like your side hustles were off the charts. I have about 80% of these ideas covered. The side hustle part is the most difficult and real estate. Great video packed with brain stimulating information! Thank you.

[@90ellehcim]

You guys are an inspiration! Thank you for sharing your journey and knowledge.

[@fabulouscinco]

Thanks so much for being transparent and very clear and concise with your financial advice. I am so glad I found you both, this information is gold and not something you can obtain from your economics teacher lol. My husband and I have been soaking it all in and can't wait till we reach fire ourselves. Greetings from Cali. God Bless your beautiful family.

[@OurRichJourney]

Thank you so much! So glad you found us and congrats on FIRE journey! A couple that approaches FIRE as a team will reach much faster. In fact we'll be doing a video on just how couple have a FIRE advantage. Thanks again for the kind words :-)

[@Open_Mind_Project]

Awesome video! Love the content, so glad you discussed which accounts to fund first, so much money gets left on the table because of just being ill-informed

[@OurRichJourney]

Thanks so much - glad you liked the video! :) Don't want anyone to leave any extra money on the table - invest, invest, invest!!! :)

[@LoveWyns]

Thank you so much! Both of you are like a wonderful gift to everyone! ❤❤❤

[@xuelee1637]

Your videos are so helpful!! Thanks for making things so easy to understand and getting straight to the point. So many people talk high level only and do not explain the steps needed to achieve financial freedom. Keep up with the videos!

[@OurRichJourney]

Thank you so much! So glad you are finding the videos helpful (and that you're sharing them with your son)! :)

[@NickPeitsch]

Such an accomplishment you guys have achieved through FIRE 🔥 Motivates me to keep investing and focusing on dividend stocks!

[@OurRichJourney]

So glad you are motivated!!! You will hit your 70% savings goal target and you WILL achieve FIRE!!! :) Glad you've joined the journey!!!

[@Mjixa]

The most humble, truest, and transparent financier couple with fabulous advice on building wealth. Love all your videos ! keep up the videos.

[@OurRichJourney]

Awww. Thank you so much! That means a lot to us :-)

[@mphomolapo1562]

They really are a blessing, aren't they? *Esp. to us young parents who 8/10 times get discouraging comments* about reaching Financial Independce 👍It's nice to have such generous teachers when no one around us has done it--or thinks it's possible. *Thank you both!* ❤👏👏

[@teacherdavid--eatplaylearn5013]

Blessings from Taiwan 🇹🇼😇❤️ Totally agree 👍

[@jasia8158]

Bless you both for sharing all of your knowledge and experience!

[@jennypace2415]

aweeeesome content i just sent 2 videos to my husband and we will arrange things right today ! love ur videos. i am confident we will retire now early too 🥳

[@simulationone]

I just don’t understand why you guys don’t have more subs this info is exciting!

[@OurRichJourney]

Simulation One - OMG! LOVE your comment! :) We're working hard on getting more subs! LOL! LOVE that you find this info exciting - we thought we were the only ones! LOL!

[@TerryOnDemand]

I know we're learning about your investment journey👉BUT I'd like to acknowledge how youthful you both look for 40😊! Great job to the both of you on your journey to wealth! Such an inspiration!

[@OurRichJourney]

You are so kind! Thank you so much LaToya!!!

[@DJLX808]

Awesome info guys! Thank You. Blessed to have found your channel a couple of months ago.

[@PUTheHUEinHUMAN]

God bless you both! addicted to your videos. So nice to see people doing such great work and sharing with the world. Saluting you and wishing you and family all the best!

[@Justchantel]

I’m 29, when I clicked this video I thought this is great, I could probably do this by 45, but then you said you guys did it in 8 years. That was great to hear and validating. I always get crazy stares and chuckles from financial planners when I share my goals.

[@OurRichJourney]

Thanks for sharing Chantel! So glad you clicked on the video! Financial independence and retiring early is possible. Your financial planners should be moving your towards that goal! :) YOU can do it!!!

[@Mr_JRH]

How could somebody dislike this video? At least have the guts of leaving a comment why.

[@OurRichJourney]

Haha! Thanks for the support - you are too awesome!!!!!!!!

[@danawood8103]

MR JRH they are just jealous 😂

[@OurRichJourney]

Hehe - thanks Dana Wood!!!

[@prettybrwneyez7757]

They're haters who still have no savings and no investments lol.

[@Princess_with_an_opinion]

It had to be an accident . This video is awesome !

[@virgovibes770]

Thank you such. I'm a single mother and you've just helped me set the outline for my son and my future. Thank you. Greatly appreciated

[@PartTimeBetting]

Thank you! Knowing the order is extremely helpful!

[@moneygriffin]

We need a video about how to FIRE when working for yourself and the discipline that it requires and what retirement accounts would work best. Thanks guys!!!

[@OurRichJourney]

Yes! That's a great video idea! We'll look into it! :)

[@gabrielacosma3308]

Yes please!

[@teraross]

Yes, I agree too- please!

[@MsRecoveryroom]

Yes during this time the self employed are really not ready

[@lehablkwd]

Yes! I've been hoping for this, too!

[@nuance10]

Please do a video or blog a complete list of the books you've read throughout your journey to become financially astute?

[@aracelireyes999]

And in what order to read them.

[@alexdb77]

The world needs more people like you! Thanks 4 sharing this and welcome to Portugal!

[@OurRichJourney]

Thank you so much for the love :-)

[@ASMinor]

This is perfect. Thanks, guys! Keep up the great work! ❤💚

[@shacheb]

You guys are the best! Your content is always informative

[@OurRichJourney]

Thank you so much!!!!!! We LOVE that you're finding the content useful!

[@queenblack730]

You guys look so happy. I can't wait for the HSA video.

[@OurRichJourney]

Queen Black - YES! We are so happy here in Portugal!!! :) Thank you so much for you comment. We love to see so many thumbs up on it - looks like others are interested in the HSA video. We're looking forward to sharing it soon! :)

[@paradiseheaven]

me neither! can't wait :D

[@OurRichJourney]

paradiseheaven - It will be coming soon! Thanks for watching! :)

[@denisedelmont8509]

Hi guys, i love to watch both of you.you come up with some great knowledge to help other young and also older people how to manage their finances. I am a retired nurse I need you guys to send me the site how to remind the elderly when to take their meds.God bless you guys.

[@natemclean1773]

I love you guys! You guys have helped me and the wife so much.

[@tres89]

Waiting somewhat patiently for the “plan for your kids” video. Please drop some knowledge.

[@Practice_Kindness-1st]

You two are very admirable. Your daughters will learn so much from you. I love it!

[@OurRichJourney]

So sweet - thank you so much for your kind comment! :)

[@annettewess1572]

Another fantastic video. I love how you continue to educate me so that my journey is as free of mistakes as possible. I am so great full to have found your channel. It’s been the greatest find of my life. It’s a must share

[@meltimo4864]

I've been so addicted to your videos!!! This is my goal! So much great information.

[@OurRichJourney]

That is so awesome of you to say! Thanks so much Mel!!!

[@Jennybcm]

You guys made the MOST educational video ever for asset allocation! Thank you so much! I have a question of pension since you mentioned that before: after early retirement, is it better to take a lump sum from your employer or just leave it until you reach the minimum retirement age to get the pension? My employer give a match to our pension contribution but not the 401K. Thank you all!

[@OurRichJourney]

Thank you so much for watching our videos. Regarding your question, it depends on the pension. We left our pension with our employee because the lifetime pension payments starting at 59.5 years old (we can take the deferred option) was more valuable than the lump sum payment. In most cases its better to leave the pension and take it deferred.

[@JessicaHicks]

Awesome video. I never realized how beneficial HSA’s are. I never used them when I was working full-time!

[@thebritish910]

You two are a finance power couple, great information and presentation!

[@maximizedmoney]

I've had Roth research on my list forever!! This breakdown was so helpful. Thank you!

[@mesidye]

Every time I watch your videos I feel like I should have all these information downloaded directly in my brain cells Til death does me part.

[@OurRichJourney]

OMG - your comment totally has us laughing! Too funny!!!

[@lutsanpedro9687]

me too. too informative

[@OurRichJourney]

📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire 🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass ✈Want to move to Portugal? Enroll in our Moving to Portugal Course: www.ourrichjourney.com/movingtoportugal

[@kassandrarivera3578]

you guys are couple goals, seriously gems! Thanks for your advice.

[@shayonsmith]

One of the many best videos you've got online...thanks

[@boxingsifu]

Man I wish you guys were still living in the states because I’m ready to sit through a step-by-step type class from you all but the videos are just as helpful 🏆

[@OurRichJourney]

Lyrical Value - That's so kind! Thank you so much! I guess now you will just have to come to Portugal, right?! :)

[@boxingsifu]

Well I currently live in Germany with my lady but atm I’m setting up to head back to the states for a good while starting in October. In other words, I’m not taking anymore trips until I’m back and settled in the states.

[@chrisnerairey6856]

“Another one!”__in my DJ Khalid voice. I really love you guys and your openness and incite. Hope you don’t tired of me saying this cause I don’t get tired of watching y’all. New haircut looks crisp. Wishing you all continued success in retirement. Congratulations on making it

[@OurRichJourney]

@chrisner airey: No way we'll ever get tired of your positivity!!! :) Thanks so much for all of your support and encouragement!

[@demose255]

You guys are really good.. Thanks for being out there. Very helpful!

[@e-money3628]

Thank you for sharing this information! I really appreciate it.

[@wiskin88]

Fantastic video! Thoughts on having both a Roth IRA & Roth 401k?

[@AutismMomandTravel]

Heeeyyyy guys 👋🏾 they’re back with another informative video ❤️❤️ you guys. I’ve got 4 so far just by watching you guys 👌🏾 guys who’s haircut 💇‍♂️ looks fly 😆 Aman 💯 patiently waiting on the HSA video. Instead of a 529 I opened an Able account for my special needs son and it is tax deferred. The information on the HSA would be good for me since he has a lot of medical necessities.

[@OurRichJourney]

Thanks so much for sharing another alternative to the 529! We love the engagement from comments and everyone sharing their ideas and experiences! We're looking forward to sharing our HSA video. There are so many benefits to HSAs that a lot of people don't know about! :)

[@bobs8670]

Congratulations on a well thought of plan. You guys deserve it and keep sharing to motivate all of us.

[@OurRichJourney]

Bob - So glad to hear that you are FIRE motivated! :) Thanks for watching!

[@dandcp]

Thanks guys for this video. this is the exact detailed info I've been wanting to hear from you recently . We've been watching you for a few months now and all your information is awesome thank you so much for sharing your journey. I knew about most of these all except the HSA so looking forward to learning more about that one.

[@OurRichJourney]

Doug - Thank you so much! We love that you've been with us for a few months already! :) We're really excited to share the HSA video - it's excited to see that so many people are interested in the topic! :)

[@DonteeWeaver]

Looking forward to the Kids Custodial Accounts and HSA videos💪🏾

[@OurRichJourney]

Looking forward to sharing them soon! Thanks Dontee!

[@JoshuaMackos]

That early retirement account is really important when dealing with FIRE. I'm glad you guys explain how it's not all just about the traditional retirement accounts (especially for all those retiring early). Question:. Can an HSA be used abroad on qualifying medical expenses? I know you guys are in Portugal

[@OurRichJourney]

Joshua - that's a great question! Yes, as long as we have a receipt, we can use it on qualifying medical expenses abroad! :)

[@AmyJBrowne]

I just found you guys and have been watching your videos. This is such great content and I’m excited to get started as we are debt free and just started saving. I knew of all these accounts but didn’t know where to start. 😊

[@OurRichJourney]

That is so great Amy! It sounds like our channel is helping you with your savings journey, which makes us sooo happy! :)

[@haitong7305]

I been watching you guy a while. The only thing I really want you guys to make a video of how you guy work together as far as plan together. A perfect couple. Part of your success is work together. It would be hard for other couple like myself. Thanks.

[@Erick-bg3cw]

The only reason why I want to get married: reaching FIRE way faster. It's so much easier when you have such a dedicated team like both you guys. Love your videos and advice!

[@OurRichJourney]

Erick - Well, if you get married to reach FIRE faster, you better pick an amazing partner since you'll likely have more time to spend with your partner once you reach FIRE! Hehe! I joke, but I get what you mean - a dedicated team makes the journey much easier. Thanks for watching!

[@joshford7828]

Its a great way to loose half your shit if they decide to leave.....

[@Erick-bg3cw]

@@joshford7828 half the shit she also worked for. Not a concern for me to be honest since my partner contributes towards our fire goals just as I do. 🙏🏽

[@mirisoji8406]

The only thing I did differently was put more than 18 months of rent and food expenses in CDs first, and have 6 months of the same expenses in a high yield savings account, so I can sleep knowing I am covered for more than a year if anything were to happen like losing a job, at the same time I did the 401k company match, HSA company match, and I just opened a Roth IRA with VTSAX when the market plunged maxing for 2019 and 2020. This was a SUPER informative video, I'll look into maxing the HSA before my 401k like you said although I am worried about possible layoffs at my job. I make less than $40,000 a year and live very frugally so if it wasn't for my on-hand savings I'd be worried about bills. Thank you for all the amazing content, I'm learning so much!

[@mirisoji8406]

I also contribute to my companies commuter benefits account since I use public transit. Where would you put that in your order? Thank you!

[@OurRichJourney]

I think it's fantastic that you've built up such a large emergency fund given that you're concerned about layoffs at your job. At the same time, you're also doing the 401(k), HSA, and IRA! FANTASTIC!!!

[@mirisoji8406]

@@OurRichJourney Thank you so much, I love your channel!

[@fasiladane3963]

Thank you for this amazing free guidance you are giving towards financial freedom. I recently came across with your channel and I am so great full Thank you thank you I have a great desire for a shorter financial freedom and i am ready to pay what ever it takes. Please give me a road map where I should start the first step in this journey Thank you Love you

[@driverdan6988]

I LOVE YOU GUYS! THANK YOU for sharing all that you have learned and lived!!!!!👌👍😉

[@kc0ssi]

You mentioned your HSA. How about a video on medical insurance post employment coverage?

[@OurRichJourney]

Yes - we plan on doing more videos on medical insurance. Stay tuned! :)

[@IPONerd]

I like the Roth IRA. Hope you are enjoying Portugal! :)

[@OurRichJourney]

We are LOVING Portugal! We're still trying to furnish the house, but we're hoping to share more on how amazing Portugal is soon! :)

[@0311andnice]

You guys are great. Thanks for the vids, I’ve learned so much.

[@10XAcademy]

Great informative videos ORJ! Really enjoy the quality of information you deliver for the FIRE movement!

[@jamesspitzercashout]

Wait, wait wait, i just noticed that Christina broke out the Smokie the Bear T!! Amon, you are rubbing off on her a In your retirement..lol. Well, I guess every day IS casual Friday

[@OurRichJourney]

James - you know everyday is casual Friday now!!! LOL!

[@paradiseheaven]

I wish I could LIKE this video 100 times

[@OurRichJourney]

We wish we could like your comment 100 times! :) LOVE, LOVE, LOVE your comment - totally made us smile. Thanks so much! :)

[@timott3680]

Glad I found you guys!! My question that I can't seem to answer is how to prioritize these accounts if you want to retire early, but don't earn enough to max them all out and contribute to a brokerage account? Basically when you retire and start doing a Roth Conversion ladder how do you pay for that first five years before you can withdraw that first conversion with only tax advantaged/deferred accounts?

[@FaithY3n]

thank you so much for making this video!! Exactly what I was looking for

[@NateT092]

So when investing to employer match, example if there's is 4%, you would invest 4% also right? (equal's 8%)

[@phillips8366]

This is different from employer to employer, but I think they meant they received a 5% match up to 100% of the possible contribution. (They put $20k in 401k account, US gov, their employers, put $4k in).

[@HappleR]

if ROTH 401(k) is available at your workplace when you guys were still working, would you have gone with the ROTH 401(k) or still stick with the Traditional 401(k) ? Thank you guys!

[@nickowns55]

You want to have both a ira and a Roth IRA because you can lower your taxes meaning you can get yourself into the lowest income tax bracket by taking the money first out of the ira until you reach the end of the 15 percent tax bracket then take the rest from your Roth because Roth's are tax free since you payed it already

[@HappleR]

larry smith sorry that wasnt my question. I already know the common facts lol... I was just curious what they wouldve done in this particular situation

[@ryanthurm3165]

I would assume they would have chosen the Roth 401k. Since they chose Roth IRA after the traditional 401k, and not the traditional IRA

[@Herineambiyo_]

Am so inspired ;just getting started on my FIRE journey.