This attorney plans to retire by 42 and live virtually tax-free | FIRE Starters

Seattle attorney Sylvia Hall worked off six figures in student debt on her path to financial independence. Now, she plans to use real estate to pay almost no taxes in her early retirement.
Supervising Producer: Ellie Ismailidou
Produced & edited by: Jennifer Weiss
Directed & shot by: Brian Quist
See this video on MarketWatch: on.mktw.net/3MtKfO5
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[@CliveBirse]

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

[@Grace.milburn]

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.

[@ThomasChai05]

This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.

[@mariaguerrero08]

@@ThomasChai05Could you possibly recommend a CFA you've consulted with?

[@ThomasChai05]

My CFA “Gertrude Margaret Quinto” a renowned figure in her line of work. 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

[@mikegarvey17]

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

[@chriswalter92]

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??

[@Williamesq12327]

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

[@tahirisaid2693]

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.

[@SherillTellington]

How can I reach this person?

[@tahirisaid2693]

'Angela Lynn Schilling’ maintains an online presence. Just make a simple search for her name online.

[@SherillTellington]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@markhenning9995]

This lady is a person I would love to have as a friend, smart, thoughtful, humble and realizes that the most important things in life are not bought!! Well done ma'am!!

[@shayonsmith]

I agree with you. She's incredible

[@charlesjohnson2475]

Yes beautiful and smart

[@DZtoUSA]

That’s exactly what I thought

[@tigerrx7]

An everyday millionaire, driving an old Honda Civic, walking around with all the joy and happiness on her heart.

[@Rya1122]

kzbin.infoFV8xNlpXQec?feature=share

[@Rya1122]

Wasn't built in a day but I'll say her happiness is the purest I've seen

[@Rya1122]

@@slydawwg what are you talking about

[@shaunaleessnackidies]

Yep! It's more common than you'd think, but yes she's very smart.

[@Rya1122]

@@shaunaleessnackidies No doubt, I do give her all the accolades but if you want to start building off you should get a Fiduciary that's all I'm saying. Guidance is better than speed

[@michellesingleton8344]

I will be retiring in 3 months.27 years in nursing in ny.Iam done.Thankgod I don't have any debt.I wanna buy a rv in just live in it,in travel.Iam tired.Goodluck too you 💞💞💞💞

[@yavenay]

thinking about an rv myself

[@Deltron6060]

Congratulations, do whatever will make you happy!

[@Abidjan-weekly]

27 years in nursing…..girl you are my hero today. Please go get your rest. I am 1 year in and thinking about running away.

[@Deltron6060]

@@Abidjan-weekly stay strong, the rest of us need you!!

[@cooperscreditconsultingint6792]

Thank you for your selfless service as a nurse. May you enjoy your retirement years!🙌🏿🙌🏿🙏🏿❤️

[@MeMe-ht2hd]

As an African-American, this is great for our community to see a different version of Americans living. You don't tap into the trendy living trends, all you need is basics and to think long-term for your retirement!

[@tyrecarmon20]

I agree!

[@n.reidreid6452]

If you were born in America your not an African American your just American. Your african decent is generations back. You dont hear or see Caucasians saying European American do you?

[@FromwithinsheQueens888]

This 🙌🔥

[@rachellebutler5370]

When she shared that she was excited about getting to a net worth of zero, it was such a great reminder to celebrate the milestones!!! Everyone starts in different places and getting out of debt is such a huge accomplishment on the journey towards financial independence!

[@noahdietrich4796]

Ok

[@EmilyChandlerj]

It was a huge moment for me too! I told friends and eventually told everyone. At first, it felt embarrassing to admit that our four collective degrees (me/my husband, both a BA and MA) had us in over $100k of debt, even with lots of scholarships and working through college. I later realized our friends and family got really excited with us and were so proud that we had put our minds to it for so long (2008-2020) while raising little kids. I loved hearing this woman talk about that moment for her to. This is such an inspiring interview!

[@junebug052003]

She is a beautiful human being. She's so humble.

[@tinyswag]

Such a sweet spirit!

[@charlesjohnson2475]

Right hard to find that now a days especially in a woman

[@veehouston5093]

Yes! I truly enjoyed watching her video. Calming and inspiring!

[@mattmasteringer4399]

She is so smart. Definitely not having a car payment is huge and she has Honda, one of the most reliable cars on planet. Very smart lady.

[@cooperscreditconsultingint6792]

Last forever!!🙌🏿🙌🏿

[@jones2277]

i guess i got the one lemon out there.

[@mathisnotforthefaintofheart]

Maybe she doesn't care about cars and needs basic transportation to get around. She may spend more money on something else (fashionable clothes, shoes?) instead. Not sure what the car has got to do with how one decides to spend the money. If someone drives a Lexus and buys clothes from Goodwill, so what?

[@cync6108]

Yes, it is. I bought my 2012 Dodge Avenger 9 years ago paid off from the auction. Til’ this day, I have the same car and people are constantly asking me to get a brand new car. I always tell them, I am enjoying my paid off car because I don’t have to worry about a car note every month 😌. Thank God!

[@trininy07]

Intelligent, beautiful, humble and wise woman.

[@thinkbeforeyoutype7106]

Exactly

[@fitnesspoint2006]

Why is everone looking to retire!!! So you bum around and not be useful for the next 40 years.

[@enneirda07]

@@fitnesspoint2006 yep

[@ruthcohen3301]

@@fitnesspoint2006 You are missing the point. She never said she would not do anything useful for the rest of her life. But now she has the freedom to give herself to her life's passion work...whatever that may be. Why not celebrate her victory, particularly as she has achieved something her ancestors could never dream of??

[@fasttracklife]

She is a role model.

[@donnamitchell243]

I like how she includes her nieces and nephews in her definition of legacy. Just goes to show that even without kids of her own she can plan for future generations.

[@me-lg1yw]

@Lovely_Day Don’t you think that would send a message to her nephews that she doesn’t love them. You can’t give to one and not the other. How would you like that?

[@me-lg1yw]

@Lovely_Day I’m glad I’m not your nephew. You would leave money for my sisters and not me. Knowing my sisters, they would share it with me anyway because they know Aunt Lovely Day is a wackadoo.

[@Childfree334]

@@me-lg1yw Who cares about the boys? I don't. I am leaving ALL my assets to female family and organizations to help WOMEN. Men can figure it out on their own. They are Men after all.

[@ducks-on-quack]

@@Childfree334 you're cringe

[@natetran9987]

her early struggles in life is what have shaped the person she is now. You give her excessive resources early on, you rob her of experiences that shaped her. why warren buffet and B gates wouldn't leave everything to their heirs.

[@jessicamamikina7648]

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

[@henryclinton9317]

thank you, can you give a pointer the best investment now ? i am thinking of getting stocks or cryto

[@jessicamamikina7648]

The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. Get an financial assistant

[@jessicamamikina7648]

I currently work with Tamara Diane Hagan a financial expert i met in a seminar

[@jamesmaduabuchi6100]

I recently watched Tamara Diane Hagan on TV , such a great speaker . but have you made any profit whatsoever working with her ?

[@jessicamamikina7648]

I have been able to make maximum profits off my trade with $40,000 and I have amassed about $190,000 in net profit In 4 weeks

[@pls5201]

Inspiring. I hope Sylvia reaches and transcends her goals. There’s a lot of life left for a healthy 42-year old.

[@BrokeAgain]

gonna be hard if shes not eating fresh and healthy

[@pls5201]

@@BrokeAgain Please watch the video. She's doing great on the healthy lifestyle front too.

[@safib9626]

Exactly I suggest she starts a family.

[@pls5201]

Sylvia’s amazing and should continue to make choices based on her own imagination and goals. If she chooses to start a family, great. If not, she’s smart and wise and will have a great life.

[@marxismisevil839]

Sure as long as she stays away from the clot shot

[@fdoctor79]

Her gratitude attitude and humble spirit is what makes this young lady successful. Very financially savvy! Congrats and God speed with all of your endeavors!

[@turtle2pond]

Bonus is she seems like a decent person and even wants to leave money for others.

[@geewiz8253]

@Millennial Master Diet Haggard looking? Jeez... I bet you could only wish to look as good as her when you reach her age. And even if that were to be true, better to be haggard looking, have enough to retire at age 42, even have money to give back to others (independent of who the “others” is... and who said having children is necessarily the ultimate goal in life? If you have children but you have a putrid soul and you’re raising terrible people, how much are you contributing to society? Really?), travel and live happily in the decades to come than have a jealous, petty and haggard soul like yours may seem. I hope I’m wrong? But if I’m right, I hope you can do better. But start from the inside because what you write up there was just horrible.

[@geewiz8253]

@Millennial Master Diet And PS: If you need someone to call Mom in order to be happy, or even think a property should have the same emotional equivalence a mother has, then please, get into therapy ASAP just so you can at least understand what is wrong with your analysis/statement/or whatever that was supposed to be. Lastly: A property (that you pay for heating, wether owned or rented), Yes. It literally keeps you warm.

[@lorenl9262]

Absolutely one of the best videos that I have seen about someone who lost "everything" and now is an example of the possible!!!

[@dragonfly99blue91]

You are right she too what she had and made moves. She had education and a degree. New Orleans wasn't working for her anymore and she knew enough to know she didn't want to pay taxes if she didn't have to so she picked Washington state. She picked a city that has so much to offer. Lived on a tight income and saved with an eye for investing in a way that made it possible to lean on the income when ready and needed. Now she doesn't have to worry or chase money. She can go on and find the joy in life.

[@ZacharyBuhler]

The control of this woman with her money is incredible. Kudos to her, my goal is to FIRE like her some day.

[@akirebara]

Losing everything because of that hurricane and yet she came back up. What an inspiration. Congrats, Sylvia!

[@Aaronlcyrus]

As she started telling her story I thought, a smooth transition. As soon as I had that thought....

[@lordy7933]

…… schools should show/teach this kind of content as early as Junior High. (Required & not elective) Not all parents teach this kind of financial literacy to their children. Way 2 GO Sylvia 🔥

[@rvw3022]

Yes they should. My high school has Money Management and Career Planning classes as electives only, I took them and learned a ton of valuable information early on.

[@kaydens6964]

everyone go fire whos there to work?

[@Cammiebryant]

She is beautiful, humble, giving, and intelligent. Wishing her much wealth, growth, and happiness.

[@euihiroaki7330]

Big truth is just that the awareness for passive incomes isn't viral. So many folks still lack knowledge therefore fully relying on the 9 - 5 for wealth accumulation

[@rodriguezguidicelli1891]

Very factual I'm glad I got insights at a very young age, from working grave shifts I now own a super car and I'm proud to say investments really boasted my finances...Paychecks would help us in living but it definitely takes more than a steady salary to grow wealth

[@euihiroaki7330]

In 2019, when I finally decided to invest some of the cash sitting idle in my savings account, I turned to the stocks, crypto and foreign exchange markets. I was a rookie investor but since then I've come a long way, I turned to experts for advise and successfully my invested cash keeps yielding profits

[@careshaimanikirk4649]

@@euihiroaki7330 Sincerely waking up everyday just to head for work can be stressful..tho I like my job even if I'm planing to change to another because my current manager prefers to micromanage. All I'm trying to attain is a very beautiful retirement and that's why I'm sweating over a job but honestly I'd love to invest rather than spend my cash on things that don't add to my savings, I'll be pleased if you could share me some useful info

[@freakystocky3910]

One thing I know for sure is investments are bound to yield gains if done the proper way, currently I'm earning around $9k from stacking bitcoins and picking stocks

[@euihiroaki7330]

You can search up his name His bio should come up Contacts and other info is all on there too

[@phoenixed2718]

This woman is so grateful, no wonder she’s so blessed 🥰✨

[@paulharold6721]

MY portfolio has good companies, however they have been red all this year. This is my first year of investing and have been down 35% in the March/April sell off, and now down 17% in this sell off. I work hard for my money, so investing is making me nervous and sad. I don't know if I should sell everything or just sit and wait.

[@danieljamal3709]

Building a good investment portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

[@paulharold6721]

I’ve been trying to hire a professional. After all, it's what really wealthy people do, they hire more experienced persons to do the job but I can’t find anyone I can trust.

[@henrygarcia1792]

Be it a crash or rise the financial markets will always have lucrative means for folks to earn decent payouts. I’m just being inquisitive? how are you yielding gains

[@danieljamal3709]

Vivian Klaine Morgan. She is famous and has got a website. So, you can check her out online and subsequently contact her from there.

[@paulharold6721]

Frugality is an attractive quality to the majority of the population. Being frugal is about putting your dollars towards the things you care about and not overspending on the things that don’t matter. Thank you for sharing I'll do that right away

[@MarkNokesGuitar]

She’s sweet! As someone who was forced to start from scratch, I appreciate her plan and the notion of “enough.” I hope we all have enough, and are able to recognize it when we get there! I’m almost there, and I’m not sure what to do next!!!!

[@sct4040]

It took years, until I realized I have reached enough, and felt strange shifting from saving to spending. It took several months for me to get used to it. I took out more than I needed from my 403b, and save the unused portion in a simple savings account for emergencies.

[@raytheo4258]

If humility and gratitude had a baby. Its this woman.

[@sincerelysandi]

You are one smart human💟☮️

[@stefanossmitty3318]

This lady is my spirit animal. Take note folks: one of the biggest things that hold people back from building wealth is the ridiculous idea that if you get raises then you need to “move up in cars” when there’s nothing wrong with the car you have. Wish I could have been as disciplined as her 10 years ago. Side note…I want her to help me stretch $155 worth of groceries for 2-3 months 😮

[@yvonneoy3124]

Eat one meal a day

[@stefanossmitty3318]

@@yvonneoy3124 🤣🤣

[@taoist32]

@@stefanossmitty3318 Why not? It works for a lot of people. You don’t have to starve on one meal.

[@stefanossmitty3318]

@@taoist32 I’d probably be emaciated after a week or two. I’m 5’ 10 160 and don’t wanna go any lower. I’m doing 2 per day now and it feels like the right balance.

[@sylviahall1272]

Hi Stefanos. The grocery budget is done by buying most food in bulk. We have Costco and a store called Winco here in Seattle. You can buy oatmeal, rice, quinoa, beans, pasta, etc. for less than $.90/lb. Fresh vegetables are relatively cheap, too. Make your own sauces by starting with the fresh ingredients. Try only buying fresh vegetables, grains and meat in bulk. I'm vegan, but you can still do it if you eat meat. Just buy a whole chicken - cook it and eat the meat. Then use the bones to make chicken stock and soup. Figure out what works for you and your diet. See what your grocery budget is after a month of only buying fresh foods and starting in the bulk section. I definitely eat 3 meals a day (plus snacks). :-)

[@detailsmove]

she seems like a genuinely wonderful person; happy for her

[@sage4751]

She's cool, I like that she broke down that you, "don't have to be an attorney."

[@EvelynDHaene]

What a beautiful human being

[@leoneranger9348]

Her WHY is very noble and full of integrity. Well done Sylvie 👏🏾

[@trinab.9633]

She is sooo smart, blessed and appreciative of the blessings given to her, this was inspiring, u girl go...

[@iamkerenlouise]

She is so wise and wonderful in her thought processes toward financial independence. Happy for her, quite inspiring.

[@benc640]

This is one incredible lady. Congrats, Sylvia! You're pretty inspirational.

[@Gbdnd]

Retired with a 7 figure portfolio and Receiving about $53k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy actually calms me down. Eye on the prize, stay the course!

[@donaldkrayburn7477]

Dividend investing is great, just be patient. I went from making enough passively to pay for my netflix and hulu to now making enough to cover half of my mortgage. Not commenting this to brag, just to give hope to anyone who is discouraged by tiny gains in the beginning.

[@annalisajoy9755]

what route did you take? how can one invest more efficiently? help. sounds like you got something going for you. I am new at investing and really want in.

[@andyholloman9797]

Recently I got into the financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. hoping to get to your level someday.

[@mathisnotforthefaintofheart]

Is this in a ROTH or just a regular account? Do you pay taxes over your dividends?

[@jeankim783]

Thanks for sharing how you’ve achieved FIRE!!

[@MrWaterbugdesign]

I retired 20 years ago at 45. I was a software engineer but I did not have a pile of cash. At times I had less than $15k. What I've done is live frugally. I like gardening, writing software and remodeling homes. I buy a dump house in good areas. Live in the house and slowly improve the landscaping (a hobby) and slowly remodel the house doing all the work myself. Instead of going to a gym I swing a hammer. I sell the house about every 5 years. The first $250k of profit is tax free. I've had income over these 20 years under the tax filing limit so I don't need to file tax forms. Then I buy another dump. During the 2008 crash I did get caught with 2 houses and had to rent for several years. Here's the thing about rentals...are you actually retired or have you just switched jobs to being a landlord? It's the same with investing in stocks. I suck at stock investing and I don't like it. I don't want my new career to be landlord or stock investor. I'm getting my Phoenix home ready to sell in the spring of 2022. I should net just under $500k. Then I'm moving to the Philippines where I'll probably do the same thing because it's fun. Only there I'll buy land and build because I have the skills and labor is cheap (carpenter = $10 per 8hr day). There I will build rental units for foreigners to rent as they pay more and I understand what kinds of units they like. I can hire out the management. Or maybe I lay in a hammock. I have no need to take social security until I'm 70 so my total monthly income should be $4-5k. That goes pretty far in the Philippines...but might move to Malaysia. Getting a pile of cash is only one way to retire. To me skills gave me more security. I knew I could always go back to writing software for a salary so I felt safe. I could always pick up work creating landscapes, home remodeling. A funny thing happens when you have basic needs covered, you don't have to work 40-80 hrs / week just to stay a float. You can do jobs you enjoy for less money, less pressure. It's more fun.

[@AnnA-vg5vx]

You cannot buy a property/land in the Philippines unless it's under a corporation what you can buy is a condominium. Good luck with your retirement tho.

[@MetallicParagraph]

Hello @Water Bug, I’m impressed & I like your mindset. How much do you charge to share some of your knowledge with the house hacking?

[@KS-cl8br]

Restrictions on foreigners owning in Malaysia.

[@vknight7497]

Bro, be very careful about moving to the Phillipines. I’ve heard some horror stories. Governments cannot be trusted, especially 3rd world governments.

[@khloe38]

At 5:50 she says she doesn't have to worry about sstaxes on rental income. Dont you have to pay social security taxes on ALL income? What am i missing? And i think I totally messed up when i owned a rental years ago. I don't remember depreciating anything. And i think i paid taxes on income including the 15% soc sec. Not sure where i missed that benefit. And the 250k tax free? (Mind blown). i sold my property after 10 years. Does the 250k apply to this? If so i need to contact the IRS asap.

[@octaviakf]

This was really good congratulations to Sylvia on her FIRE!!!

[@gethyped1522]

Hats off! That was so inspirational! Thank you for your story and thank you to the company that is helping with sharing and recording this amazing!

[@yavenay]

wow, I can't believe how similar we are. I'm single black female with no kids and our financial story is identical except I'm in my 50's and I'm now semi retired. I live below my means have a high savings rate and also have rental property that creates a passive income. Debt free including mortgage on my primary residence but I have a small mortgage on my rental property. My goal is the same.....live off the rental income and let the investments grow and just have it as a fail safe as well. I don't have as many rentals but having low montly expenses means I don't require as much. I'm like you, I have four neices who I can give a good start in life.

[@yavenay]

@olufunsho Ayodele Stop being so damn judgemental.....not everyone wants to get married and birth babies. I'm really not concern with what you find acceptable. Humans get on my nerves after a few hours and I refuse to live with one let alone an entire family of humans........ I don't have any desire to clean someone's dirty ass underwear for the rest of my life nor do I have a desire to change sh***ty diapers.

[@yavenay]

@olufunsho Ayodele if marriage was about more than washing dirty underwear, than I doubt we would have a 50% divorce rate.......it ain't worth it.....especially for women who jave kids.........nawww......I'm going to pass and continue living my best life..........single. People who are miserable when single are weak and pathetic to me. If you can't enjoy your own company, why would anyone else?

[@yavenay]

@olufunsho Ayodele why do you assume I'm miserable? On never mind, I have no need in prove to a stranger that I'm not miserable.....believe what you wanna believe

[@angelasoWA]

@olufunsho Ayodele She's got her stuff together, doesn't need to depend on another person bringing home the bacon. True independence!

[@MetalGear1]

Men managed to build a world that allows an artificial equality between the sexes and now women think they don’t need men. It’s sad.

[@faqu529]

She is saving a ton by keeping that old Civic.

[@fitybux4664]

You don't want an old car to be your final resting place though. That old 7th gen civic (I've owned a few of them) has: no side airbags, front airbag filled with shrapnel (assuming you don't do the Takata recall), no Electronics Stability Control, no emergency braking. Basically, drive like you are made of glass. Also, with her net worth, don't cheap out on auto insurance, you wouldn't want a bad accident to set you back to zero. A car that's twice as expensive could be 10x safer.

[@mathisnotforthefaintofheart]

How do you know that? Maybe she buys nice clothes? Good shoes? I think it is stupid to drive such an old car when you have so much money. Been in an accident once, I value safety. If I have so much money I would certainly drive something better. Heck, I am not a millionaire and I still drive something newer (and get clothes from Goodwill). Too many crazy people on the road and you have only one life. That means more to me than just money

[@laurenprada3335]

FANTASTIC! Such an inspiring and heart warming story. I smiled through much of it 😊

[@CW-yj8ce]

I restarted rebuilding from almost zero in my early 30s. Life’s low let you reevaluate what is important. I Had two life defining events in past 25 years and both inspire me look for an alternative plan and I also came across FIRE ~15 years ago. I believe I definitely achieve the FI many years ago but RE is totally my choice since I have a job I still enjoy. She is very young and she will definitely achieve it even with additional set backs because she has a plan, focus and intelligence. Her spending is surprisingly low and her saving is extremely high!

[@MarkbenIsrael]

Amazing what priorities, goals and plans to reach them can do! Congratulations! These things should be taught in schools and at home at an early age.

[@jasminejohnson5729]

Sylvia you are beautiful! This story was amazing and made my heart so full! You're such an inspiration! Great job!!!

[@billnolan5375]

Starting early is the best way of getting ahead to build wealth, It's such a pity most folks spend more and invest less while intelligent people always try to harness any investment opportunity not minding the risks involved.

[@kelvinjohnson3906]

Finding the very best stocks right now isn’t as easy feat.

[@noelstout3056]

@Joe Robert I need more info on Dan Raziel’s services, you got any means of connecting with him?

[@rohitmajumdar1579]

Not all passive income investments are created equally. The stock market may seem like a safe bet, but might end up declining in value depending on the whims of the market.

[@natashawalton8545]

@@rohitmajumdar1579 Superior fundamentals and technical action, and buying at the right time, are all part of the process to succeeding in the stock market

[@umbhacanga]

Thank you for going on the record with this! Only the VERY best to you in all your plans!

[@bbailey7976]

YOU ROCK!!!!! I wish Sylvia would coach Vets like me on this method. She is a real game changer and thank you for sharing her story!

[@thekaerichtexas]

She spends virtually nothing on food or gas....interesting. I'm glad she's saving and investing almost as much as her debt repayment. That's great

[@lorrainea.285]

But her Costco tab was $155 yet in the pie chart it showed her grocery bill as $60 a month, so DEFINITELY incorrect..Lol. I could not live in such a small space for 13 years😰 My fiance would probably lose his mind🤣🤣. She’s very humble & grateful🥰

[@thecrazed777]

@@lorrainea.285 she said the Costco haul would last 3 months

[@chrisleo6639]

$60 was also her grocery bill from more than a decade ago. With inflation, it makes sense to be a little more now.

[@cato451]

Congratulations Sylvia! You are remarkable.

[@ContriteBiggs]

Wow, inspiring, and with the exception of minor details, everything that she’s done is shown on screen. Very informative, great insight to see someone so disciplined. Nice.

[@altinaamen5669]

Wow!! I love her humility. More power to you girl. Can’t wait to start my F.I.R.E journey too

[@nsnamagiri]

Sylvia needs to have a KZbin channel of her own and share her wealth of knowledge and experience about FIRE. I would be the first subscriber !!

[@joshuaderungs8792]

Very impressive! The Honda Civic made me smile. That was my last car (same year) and the fact that she still has it is awesome. What a hard worker!

[@letschatfamilyfinances]

Wow! Inspirational! What a neat woman- loved her gentle and humble personality!

[@JJ-yu6og]

She is such a grounded and humble human. Role model. Bravo. Please feature more people like her!

[@carlosmendoza8312]

Bravo! Bravo! Bravo! I wish all young people would watch this video. This is how wealth is created. Well done Sylvia!

[@budgetwithjenny]

She is amazing and such an inspiration! I am hoping to retire at the age 52years. Congrats, Sylvia!

[@brittanimurray5193]

Way to go Sylvia! Love this ❤️ I am an aspiring rich auntie myself and you just gave us a blueprint. Best wishes ✨

[@franchettabeckford6753]

I can’t count how many times I’ve watched this video. It’s so inspiring.

[@ashdb9295]

Such an inspiring story, kudos to you Sylvia!

[@fannyramirez9380]

Love this story!! Thank you Silvia por being such an inspiration!

[@aplanefliesabove]

Wow, Sylvia was an awesome cover story for FIRE. To be that calm, peaceful & wealthy... what a blessing

[@weareomegapro889]

This woman is a gem. Humble, firm and simply blessed 👏🏾

[@sol9877]

I’m in love with everything about this woman. Does she have an Instagram? If you read this, Sylvia, please be aware you are an inspiration. One of the most beautiful FIRE stories I heard. FIRE is a great journey! I love it! Kisses from Brazil 💋.

[@thekulture5168]

Focused people like her don’t tend to be on social media.

[@UnCannyValley67]

@@thekulture5168 unlike us… 😢

[@TeKeyaKrystal]

@@UnCannyValley67 el oh el .. or her Instagram is a small account where she only interacts with family and friends

[@donnysco]

This woman is so beautiful, living money to others purposefully… you are the epitome Sylvia ❤️

[@dlg5485]

LOVE Sylvia's journey! I'm already way past 42 (I'm 52) but I am still planning to retire slightly early, at age 58. Personally, the idea of managing and maintaining real estate properties in retirement doesn't appeal to me because it's too much work. When I retire, I wan to be DONE with work and just be able to travel and enjoy life and, based on my projections, I expect to have plenty of tax advantaged investment income (403b, Roth, HSA) to provide the lifestyle I want. Also, like Sylvia, I plan to leave a legacy to my nieces and nephews as well. I love to see this!

[@MrJearley6]

Thank you for this Video I must pass this on to other people that will learn from this!!! Thank you

[@SusanSun]

She is so beautiful. We just downsized our cars from two to one. We cooked a lot but we can't manage to $300 spending a month/person. I love when she said she focused more on the "FI" instead of the "ER". Financial independent is something we should dream of, not thinking about early retirement when we are upgrading our cars constantly.

[@pongop]

Thank you Sylvia Hall! You're awesome!

[@Bueller.Bueller.Bueller.]

So smart! I love how she shared her debt and struggles.

[@connerclark994]

This woman is amazing. So humble and disciplined. Awesome!!

[@aywa1578]

Fantastic!! This lady shows that FIRE is doable for anyone. Even when starting out with a high student loan! Her outlook that she is very fortunate in life is so refreshing.

[@Polostar79]

Yeah well FIRE is certainly doable when you don’t have a family to support.

[@nightfighter7452]

And also don't have a life outside of work

[@aywa1578]

Sounds like a negative mindset and defeatist attitude. Focus on what is doable and not what you project as not doable is my response to your comments.

[@ay7115]

Terence. If you focus on that it is possible, it will be possible. Change your mindset.

[@msherrill1739]

Love to hear these stories. This is the path.

[@Mmeme2023]

I'm praying for your life-long success and contentment Sylvia 👍🏾

[@buildyourowntone]

What a beautiful uplifting story and woman. Just goes to show hard work and determination really pays off. No selfish, self centered entitlement here, no way. Straight ahead facts, linear time line, and realistic attainable goals reached through hard work and sacrifice. You go girl, you deserve it. I love her outlook on life, what a lady.

[@DailyProg]

She is amazing. I hope everyone can see this story. Such a legend

[@xgildohx]

Bravo to this individual, she is an inspiration.

[@ms.z461]

6:45 , she addressed your point here

[@cocopaulette]

Love this! "I have a firm sense of enough". Powerful statement!

[@abbyc.4215]

Boy. I pray to be blessed with an inner-circle of friends with the same disposition as this woman. What an inspiration!

[@bikerbabes3567]

Wonderful! Congratulations!

[@jessiek3351]

Listening to your voice itself makes my soul happy. You are a beautiful and intelligent woman!

[@mizzy115]

Great story!! What an amazing journey for her. So inspiring!

[@CardenFinancial]

Awesome for her.! Great comeback story. . My only concern is the high concentration in real estate... and depreciation recapture will be huge if she needs to sell the homes.

[@erina5543]

I would love for her to share how she got her grocery bill so low in Seattle! What meals she makes, where she shops (if more than Costco), etc. Great episode and love her generous spirit.

[@sylviahall1272]

Lots of Costco, Winco and MacPherson's (4500 15th Ave S.). I'm vegan, but you can still make it work with meat. Breakfast is usually oatmeal w/ blueberries, cinnamon and nuts or a breakfast smoothie or a tofu scramble with turmeric and lots of veggies. The meals change, but the coffee is mandatory. My lunch is usually the leftovers from the previous dinner. Typical meals are soup, tacos, pasta, beans w/ a veggie and sweet potatoes, loaded potatoes, etc. Stores basically give away grains, beans and vegetables for less than $1/lb. Costco is for the olive oil, nuts/seeds, seasoning, frozen fruit and vegetables, almond milk, coffee, and condiments. Winco is for bulk food items - beans, pasta, quinoa, turning nuts into nut butter, anything of interest in the bulk bins. MacPherson's and local grocery stores are for fresh vegetables. If you eat meat, getting whole chickens and cheaper cuts to be made tender in a crock pot works as well.

[@TheLifeofJenelle]

I am so inspired by this. Let me stay focused. Such valuable information. Thank you. I am currently renting tables, chairs, tents, linen, props, setting up dessert tables for all occasions, and more to afford a venue next year. I have been documenting it on my KZbin channel. It's hard work, but I know it will pay off in the end.

[@gigiheritage5813]

Sylvia you inspired me, will watch again. God bless in all you do!

[@Heidi123]

Resilience and determination.

[@MR.B1004.]

Hold on to that car until you can't drive it anymore! My car just reached 250,000 miles still starts up when I turn the key. Stay with that budget never deviate from it. Wait, wait you mean to tell me $150 at Costo last you 2 to 3 months? Wow "Generational wealth, " doesn't get better than that.

[@TheOne-vf2yw]

That’s what I want to know too. I feel I’m pretty frugal. But $150 at Costco doesn’t last 2 weeks and I live in seattle area too

[@Llovelylady1]

Lol I had a Honda Accord that I drove from 2006 until 2017 it had over 320k miles I finally sold it when I had clinicals and bought a Honda CR-V paid it off and will drive that one until the wheels fall off. Some people think car payments are a necessity and they really aren’t. The Costco thing is real I buy all my paper goods, laundry detergent etc. I spend that amount it lasts about 3 mons.

[@bu5761]

@@TheOne-vf2yw the funny thing is everyone says eating healthy is expensive when it is the exact opposite (unless your buying ‘organic’). My grocery bills are $7 to $20 per week. Just depends on what you like to eat. If I don’t make a fruit and veggy smoothie, I make potato, broccoli and egg ‘stir fry’ for breakfast… it’s all super cheap. Have a meat of some sort every other night but nothing expensive. I buy eye of round in bulk and slice into portions, bag up and freeze. Make that with some rice and gravy and steamed veggie. I buy the good stuff when it’s on sale only, or the stuff discounted when it’s on the last sell by date, then freeze for later… just common sense really. The problem is people are brain washed by marketing techniques. To feel they have to go out and spend a ton of money. Most don’t know how to improvise, and THAT is a huge mistake.

[@TheOne-vf2yw]

@@bu5761 I mean we are vegan so we pretty much eat fruits and veggies (Organic) Yeah more expensive but not that much more. Still can't see how its only 150 for 2 to 3 months..... You say paper goods last that long. But what about day to day groceries?

[@bu5761]

@@TheOne-vf2yw idk how you can buy fresh for months at a time. Maybe canned stuff?? Vegan diet is ok, my ex was vegan so I know what it’s like. But she was crazy and even did a fast for 15 days straight with only water 😳 I think a single person can easily do $150 for that period of time. Ramon and veggies (with hot sauce), beans, fruits, potatoes go a loooong way, so many combinations. She’s pretty active so I imagine she like me and can drink a smoothie in the morning, coffee til 4pm or so, a few beers (for me 🤪) then dinner around 7pm. Good to go. Maybe a mini Baby Ruth for dessert 🤩 Paper goods? Not much of that…. only for a number 2 - use a sprayer and rag for #1 😉

[@orangeblock3792]

What a BEAUTIFUL spirit! This story is extraordinary.

[@deacon8754]

Love this video and mindset, wish I had been that smart and insightful in my 20s. Also this is one of the best comment sections.

[@BucketListTravellers]

Good on her for having the discipline and determine to go after her dream!

[@VernettaRFreeney]

Love that she's able to live how she wants and leave something behind for her family.

[@spatty2589]

Congratulations! Congratulations! Your plan is amazing! Your wonderful for helping your family!

[@MinhLa]

Wow! I admire this lady! Love to hear more about financial journey.

[@kevinkasp]

Monthly Budget: Groceries = $60.00. How did she do that? Even if you have no snacks and only one meal a day, that's only $2.00 for all the calories & nourishment. Is it a woman thing? Assume someone will be buying you meals? I don't get it. And her total monthly budget for transportation is $92, and $77 of that is car insurance. Again, I still don't get it. How do you operate a car for an entire month for $15? That's like filling up the gas tank four times per year. Did she work from home and grow all her own food?

[@bighou2359]

Sounds like a single life forever to me.

[@thomasreedy4751]

Certainly easier to deal with Covid-19 non-paying tenants when you are an attorney and know how to apply the law. I think I would be wary of buying rental property right now unless I had a huge emergency fund.

[@midkort]

6:42

[@motay9905]

The pandemic taught/showed us who would make good tenants. All healthcare workers, first responders, frontline workers. They worked worked worked and are still working. We never stopped working. I am sure there are plenty that should qualify to be a sound and stable Candidate.

[@tyrecarmon20]

I love story! I wish her the best on her journey 🙏🙏🙏

[@baobabmultimedia5221]

Wow, i have learnt a lot from this . Thank you for sharing your story, Thank you so much. I am working on my financial goals too, that you again for sharing your story.

[@askrhonnie6356]

I’m on track to live like this, except I have 3 kids in tow. A little more challenging but very do able.

[@jalabi99]

1:50 "A growing economy, a state with no income tax, and no hurricanes" - after going through Katrina, I don't blame her one bit!

[@jenniferjones1470]

I am so encouraged to learn about real estate and investment. This lady is my inspiration.