Retired at 31 - How is this possible?

[@derrickhenderson9044]

Please don’t stop making your videos man you definitely are that interesting your target audience will soon tap in

[@moneythoughts]

Thanks for the support! comments like this that motivate me to make more content, been traveling and having too much fun lately, but plan on putting out more content for sure.

[@melforddavidson6156]

I'm living my best nomad capitalist life the best and with the help of that now I'm 64 and my wife 42 we both retired with over $3 million in net worth,no debt and not even thinking of the US government anymore. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to FIRE movement. Virginia you're just one if the most underrated individual on taxes/live style /finance! God will keep protecting you and your family.

[@melforddavidson6156]

@Bri An FIRE means -Financial Independence Retire Early It's been a movement teaching people financial independent and how to retire debt fee through solid lnvestment and frugal lifestyle.

[@melforddavidson6156]

@Julie kay I can share some that helped me 1. Plan towards it 2. Be frugal and minimal in spending (don't buy what you don't need) 3. Save money towards retirement (Roth IRA /401k) 4. Save to invest,it's a proven to get richer Very important to financial success..

[@melforddavidson6156]

@Bri An Look,there's a lot of investing options (real estate,Airbnb,stocks,crypto,EFS) but my best advice is get a professional who will lead to a profitable and successful lnvestments.

[@melforddavidson6156]

@Zah Ra I started investing in my early 40's. They help in making good profits, managing portfolios, decision making and analysing trade charts.

[@melforddavidson6156]

@Zah Ra I make $18,700 weekly on Stocks and $6,700 on Roth/IRA on a weekly basis too. That has been a boost to my financial journey and general lncome it helps me a lot.

[@dannydsa3978]

dude you're awesome i wish i had the foresight you did at a young age, im 34 struggling to barely make it

[@Shhways]

Hold strong bro. I turn 35 tomorrow used to have a six figure income on my own business and it’s all gone

[@sct4040]

It's not too late, 34 is young. Invest and diversify, never put it in 1 place. Index funds is excellent.

[@kathyk479]

Always pay yourself first and pay your bills walking away from the bank.

[@moneythoughts]

agree, 34 is still young, not sure of your exact situation, jut try to start saving and investing asap.

[@Cdmclech]

I love that you're soo transparent about your lifestyle

[@moneythoughts]

Thank you! Hoping that to make it cool to live super frugally, save, invest, and just do what you love / follow your own dreams / values

[@LUKE390425]

Tight my man, cool to see people like you, kinda reminds me of myself in couple years. I have $90k in the stock market, I make $30k a year at my job, live in my car, and I save $10k a year

[@LUKE390425]

@ntnt my stocks have grown at 60% rate since Jan 2017; thanks to Tesla. That $90k is lookin like it’ll be $400k by end of 2025.

[@moneythoughts]

And that is how it's done! I respect the hustle, too many people making over 6 figures and they spend everything, they'll always be dependent on their income and job, but true financial freedom comes from appreciating assets.

[@NewYorkCity646]

Hopefully this doesn’t embarrass you but you are adorable. Also I love what you are doing with your life and finances. KZbin takes consistency before you get a real string following. Keep the videos coming!

[@moneythoughts]

Thank you so much! making consistent content is so much harder than one might think, I give props to these youtubers that go so hard!

[@rabidfollower]

In the last decade or so the market has done really well, which was one reason you saved 650k so fast. I only had $300k in 2009 but now I'm retired with $1.2m, and that was primarily because of the past decade or so. But the decade before that was a complete dud. In January 2000 Dow was at 10k, and on December 2009 it was still at 10k. That whole decade was crap. We all need to keep it mind that a prolonged, even decade-long bad market is always possible. Last year we dodged a bullet, when the market tanked only briefly due to covid.

[@moneythoughts]

This is true, banking on the long run, and while I like the idea of "being retired" I actually love working and I'm sure I'll start another business and work again. We humans all crave purpose, creating value etc.

[@nonyabizz3533]

Bro from 2000 to 2008 its was almost a real market with real value. Now its inflated like we have never seen. Between Repo Loans, buybacks, QE, mortgage security's being bought, and the fed buying everything there is no longterm gain. These markets will eventually collapse. They are now controlling the 10 year as it was spiking out of control. They have painted themselves in a corner. They can continue to keep stocks afloat at the cost of massive inflation, or they can control inflation at the cost of the economy and the markets. They cant do both.

[@rmfyiffa]

Well done! Continued success and happiness...all the best! Prayers and blessings :)

[@moneythoughts]

Thank you!

[@DavidRodriguez-ou9fy]

Keep up on your goals and aspirations!

[@moneythoughts]

Hoping to inspire others to work toward getting off the hamster wheel.

[@bigBlackMex69]

You should do a video on how to start an airbnb I’m sure it’ll be a video that’ll get some attention

[@moneythoughts]

Great Idea

[@allyhenderson6183]

Wow!! Amazing.

[@sct4040]

650k at 31 years of age is impressive.

[@moneythoughts]

thanks ;)

[@Thinkyourself-jc5dn]

Love your videos !! I wish we had more time to talk about your videos, and investments. I could really use some of your advice as far as saving and investing goes. Keep making the videos. Maybe get some footage of your outdoor adventures on the mountains 🤩 Keep living your life to the fullest and enjoy your time at the bunkhouse ! I'm sure your babes Katie and noodle are missing you 😆 they are super cute! -- Melissa, from the bunkhouse ⛰

[@moneythoughts]

Thank you! Always trying to create more content, your kind words are great motivation!

[@GeorgeGetsItDone]

Hey If you could let me know how you found your tiny apt in NYC I would appreciate it

[@moneythoughts]

It was just years of keeping an eye open and then luck basically.

[@phillynomics]

Love your content! Was wondering why you live in NYC and own an airbnb in Colorado? Do you have ties to NY (family/friends/etc.) that keep you tied there? Regardless, you should be proud of living the simple life and keeping your expenses down in NYC. You've gained yourself a great deal of freedom!

[@moneythoughts]

I have a bunch of family and friends in NYC, have a few friends in Colorado and I'm a snowboarder and rock climber which goes hand and hand with CO. But Mainly the Airbnb in Colorado was based on research, low property taxes, influx of population, rising housing prices, low vacancy rate, relaxed airbnb laws etc.

[@PrimitiveMLG]

I understand this. But I feel like if you would have bought real estate you would build wealth wayy faster at a far exponential rate.

[@moneythoughts]

Well, I did buy real estate, I have an Airbnb in Colorado. Currently, I don't have a high enough income to take out a mortgage for more real estate, not to mention rates are sky-rocketing, and prices dropping. Real estate makes sense if you're leveraging using a mortage, otherwise, I believe growth stocks will be outperforming real estate. as they always have and will continue to do.

[@derrickhenderson9044]

Glad I found u

[@moneythoughts]

Awesome, glad you joined the journey!

[@bask1876]

Love the content. Very informative.

[@moneythoughts]

Awesome, really glad you enjoy it! Seriously.

[@kazzaclev]

What city is your Airbnb investment property in? Thanks for videos!

[@moneythoughts]

Colorado Springs :)

[@rayofsunshine107h]

With the bear market...did you move your investments to more stable areas

[@moneythoughts]

Nope, I've been riding the roller coaster :)

[@pabloj1336]

Do you have an Airbnb separate from your personal residence?

[@moneythoughts]

correct! in Colorado Springs, I live in NYC

[@HeirloomVintageCollectibles]

good informative

[@darkseekercxv]

Great content! Could you do a video on starting a small business, registering it, taxes, etc?

[@moneythoughts]

I've only done it once, and I believe every state is different, but I could probably do something like that.

[@gracedlazydaisy3129]

I'm surprised you don't receive $700/mth on dividend payouts. I'd think that could be a way of making that $ without having to sell

[@moneythoughts]

I prefer to invest in companies that are still reinvesting in themselves, it's a different strategy, apple pays some dividends, but recently sold my apple position for more $TSLA

[@jagsterr1]

What about your health insurance, and margin on M1.

[@moneythoughts]

Good point, I don't think I included Margin, or I may have included it in the cost of owning my car and cash flows of my airbnb as I associate those margin loans with those investments. Good point on health insurance. It's a bit of a private situation, but basically I don't pay for health insurance currently.

[@laubowiebass]

Wait , so you own an apartment you’re renting on Airbnb ???

[@moneythoughts]

It's a house in Colorado, I have a video touring the place somewhere on the channel. Check it out!

[@Oglulubell]

What do you do for health care?

[@moneythoughts]

It's a bit controversial, but I have Medicaid

[@brandonacevedo3090]

That is a great question; can you make a video regarding being self employed and health insurance? I'm self employed as well and have free Medicaid; I'm just nervous, that when I have to pay taxes they will take me out of Medicaid. @moneythoughts

[@ohomega2855]

Hi

[@valhere1406]

Hi, do you have an email address where I can contact you?

[@moneythoughts]

Twitter: @will_bitter

[@darylg.sorianodgs1658]

Hi..i like u

[@moneythoughts]

Thank you!

[@darylg.sorianodgs1658]

Hi