Stock Market Is Crashing | How It's Affecting Our Financial Independence Plan & Early Retirement

[@OurRichJourney]

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[@MyWillbot]

The best part about your channel is the basic public speaking skills. Especially Signposting. You tell us what youre going to say, then you say it. No fluff. Thanks for making great videos.

[@OurRichJourney]

Thank you so much! That is so kind of you! :)

[@Rob-te5ct]

Yes! That’s why I subscribed. They tell you the facts and tell you how to apply it. Not like 99% of finance KZbinrs with clickbait articles and 4 minute intros.

[@IN-D-YHN]

@@OurRichJourney what are the top 5G tech companies you forsee doing well???

[@lindarobinson2104]

Agreed!

[@bhavikpatel576]

I think what I'm constantly impressed by when I watch this channel isn't necessarily the advice that is given. It's how Amon and Christina seem to always be on the same page. That's probably the best investment a couple could make.

[@OurRichJourney]

That's so kind of you Bhavik! Thank you!!! :)

[@mrjones4249]

Even people with moderate means can accomplish a lot if they work together. The problem is it's hard, not impossible, to find a person that will faithfully work with you.

[@lacienti]

Agreed. Having your significant other to be on the same page is probably the most significant asset someone can have. Not impossible to achieve goals with someone that thinks differently than you but it is undoubtedly more difficult

[@wolfyedits4674]

@Brilliant Idiot dont b abusive to kind people..

[@KhaliahAli]

Bhavik Patel isn’t it beautiful!!!

[@listgirl0311]

I could not love or agree with this more! This is exactly everything I've learned in finance classes in undergrad and in graduate MBA school. This is what I've been practicing with our money for 25 years now. It works to stay consistent and not panic! Great job explaining everything and showing graphics and historical data. I love you guys!

[@OurRichJourney]

Thank you! So happy to hear you liked the explanation (with graphics and data!). :)

[@DividendGrowthInvesting]

I was thinking about you guys this week as I saw the market go down. So glad you are talking about this!

[@OurRichJourney]

Wow - you are so kind! Thank you for thinking of us! And thanks for watching the video! :)

[@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

[@thewealthysoul5340]

I’m a full time trader and after this horrible week in the stock market the 1st thing I thought about was you actually haha “how will this impact their fire?” so glad you addressed this in the video. Love how you really thought about what could go wrong and prepared for it. Much love to you 2 ♥️

[@OurRichJourney]

Thank you for your kind comment - that is so sweet of you to think of us! So happy to hear that you enjoyed the video! Much move to you, too! :)

[@anitra_g_fit5601]

Hey guys! I was literally trying to explain this to a friend of mine yesterday. I recently opened my Vanguard Acct and I got one for my daughter as well!!! Investing in the Total Stock Market ETFs and REITS (thanks to y’all!!!🥰) I am probably gonna put a little more money into my accounts, and especially increase the amount I put into my 6 year old daughters account!!! I’m in it for the long haul!

[@OurRichJourney]

CONGRATULATIONS!!! That is so exciting that you opened an account for your AND your daughter!!! :) - Generational wealth!!! :) PS - Share our video with your friend! :) Hehe! :)

[@mr.dividend.investor]

I also opened Vanguard Accts for all my kids! It will benefit them in the long run. Great to hear you are doing that for your daughter as well! Keep investing and don't get caught up with all that noise about market crash, etc. Things will settle and market will go back up.

[@roveirdatu3851]

Nice! Diversification is your friend too

[@mr.dividend.investor]

Roveir Datu yes, totally agree with you

[@rahasimeon6031]

I’m opening one for my daughter too. She’s 6 months. I want her to say, you did right for me.

[@pourquoi475]

Great episode! You are the go-to show I recommend to my clients as an accountant. You present in a manner that everyone can understand, and accurate and rational information. You are both so talented.

[@OurRichJourney]

Wow - thank you for the kind words! Such a compliment! We really appreciate it! :)

[@blackestknight1.0]

*2.5 years cash emergency fund? Gaaaaaaaduym!!! Now that's what I'm talking ABOUT!! That's how you do it!!*

[@OurRichJourney]

Can I double heart your comment? You have us laughing so hard! LOL!

[@blackestknight1.0]

@@OurRichJourney All good. Proud of you guys and I'm still taking y'lot to dinner when I come out!

[@rodydl]

I immediately paused the video and came to the comments right after they said 2.5 years emergency fund. You did not disappoint..lol! I felt the same way. Well I actually felt like, "who in the world has a 2.5 year emergency fund?" Not hating because I could do with 1 now. But who? Lol.

[@adrielnatasha5680]

BLACKest Knight I’m sooo impressed

[@mayanavigatinglife4596]

Stephen Whitfield they saved this while living in California.

[@ginnyweasley3515]

I have been binge-watching your videos for months & I just purchased your FIRE Workbook. It's a great workbook but I have watched your videos so much that when I read the workbook now, I can hear Amon's voice reading it instead of my own voice. Haha!

[@OurRichJourney]

HAHAHA! Your note literally has us laughing hysterically. Thanks for making us smile :-)

[@ginnyweasley3515]

@@OurRichJourney No problem, I'm happy that you two had a laugh! After all, you two (actually four including your daughters) have helped us financially, so making you all laugh is the least we can do!

[@meh6346]

Super classy for you guys to worry about lives over profit. That’s why I look up to both of you. 😁

[@OurRichJourney]

You are too kind! Thank you for your kinds words!

[@donaldducko6580]

He’s making money off this channel isn’t he?

[@tigerrx7]

Absolutely loooove that chart @5:10. That’s what we call a “money chart” at my office, one chart, telling the story, pencils down, mic drop, end of story, sign the paper. Very relevant! Cheers!

[@OurRichJourney]

Haha! You are too kind! Thank you for watching! Glad you liked the video! :)

[@erincraig6169]

This video is going to help a lot of people. THANK YOU!

[@OurRichJourney]

Thanks so much Erin! That's very kind of you to say!

[@1GreatLake]

8:46 Bears take the elevator, bulls take the stairs

[@OurRichJourney]

I really love that saying!

[@jekzapico3834]

while in our PSEI, bears take the window

[@clarkkent51]

And, stocks take the stairs up, but take the elevator down.

[@clarkkent51]

@@davidjames1684 I guess you haven't been watching the Dow lately, or the crash of 29, 87, & 08? Stocks were steadily rising , but suddenly plummeted. Stairs up, elevator down. What you witnessed Monday, was a dead cat bounce. The Plunge Protection Team. The CEOs are retiring big time ; they know what's coming. In just this year along, 219 have retired. The market is overpriced. And, even a .50 rate cut won't stop the elevator ride that's coming.

[@clarkkent51]

@@davidjames1684 Ok, it appears that you knew when to cash out. However, there will be those who will get wiped out, because greed trumps ( no pun intended) common sense. There has to be a reset of the global, financial markets. They can't come back with a fiat system that's not backed by a hard asset . This debt based Ponzi scheme of creating money from thin air, days are numbered. Central banks are hoarding gold , while many nations are demanding their gold from the Bank of England & the New York Reserve. They're preparing for the inetiable . The gold price will have to be adjusted to its true, intrinsic value, which at a minimum, will have to be at least 8 to 10 k minimum . I, too, have cash ( gold & silver) stashed because I believe there will be deflation before hyperinflation. After that, the fiat currency will adjust to its true value....0. It will be good for only wiping one's ass.

[@PapaCharlie9]

This is what we all need right now, living proof that sensible planning and consistent execution weathers all storms. I'm sure so many people ask you, why such a big emergency fund? Why so much in bonds? Well, this right here is why. So great to have your FIRE success act as a model for the rest of us!

[@OurRichJourney]

YES! Sensible planning and consistent execution - you summed it up perfectly! :)

[@DWEthiopia]

13:20 Amons face when Christina mentioned they have 2.5 years of Emergency funds is Gold.!

[@OurRichJourney]

Haha! That face! LOL!

[@bluetiger2557]

@@OurRichJourney Haha that's what I was thinking! Amon is sleeping like a baby during this dip! I thought my two years was sufficient, I better increase it another 6 months!

[@towhitby1]

Would be even better if it was 2.5 years of cash IN GOLD...but still great stuff!

[@MangoRunner]

What's important is the lives that the virus has affected. Thanks for putting that first in your video. Love watching kind peeps just like yourself. As always, great info Amon and Christina!

[@OurRichJourney]

We have to remember what's most important (which is not money). Thank you for your kind comment!

[@mikeo2420]

Time to load up on discounted prices!

[@OurRichJourney]

Happy FIRE journey Mike!!! Thanks for watching!!!

[@wed3k]

Time to take advantage of people's misfortune! Buy cars and houses with cash.

[@jgg204]

@@wed3k why would you ever buy a house with cash unless you have to? the whole point of real estate investing is to use other peoples' money to develop personal cash flow. use as little of your cash as possible, use the Fed's cheap cash (at 3% or less) to give yourself a nice monthly cash flow to live off of. equity sitting in real estate is dumb

[@sampleis]

I want to say, I truly enjoy watching your videos - you guys edit them so well that they're fun to watch...seeing how popular your videos are on KZbin, you guys may never reach the point where you need to tap into your emergency funds. Take care.

[@Renould2010]

Things Guys for caring about us, now please Family take care of yourselves and, your Daughters while you guys living in Portugal 🇵🇹. Be Safe, For us, great insight. Thank you for caring God Bless you family.

[@OurRichJourney]

Such a beautiful comment Renould! Thank you for your kind words. Please take care and stay safe and healthy! :)

[@sosuapimp8449]

Don't worry,the market will come back. It always does

[@Valadiggy]

I usually don’t comment...ever. But Amon and Christina, my husband and I LOVE your videos!. You speak directly to regular folks and it’s just sooo refreshing to see a beautiful black family leading financial conversations. I’ll continue to share your videos. Thanks guys!

[@OurRichJourney]

Valerie - You are so sweet! Thank you so much for your kind comment and for sharing our videos! :)

[@TylerLloyd]

Thank you for the timely post and reassurance! The stock market always goes up-until it doesn’t and then investments and US currency won’t matter and you’ll have much bigger problems. No need to plan for the end of times. Keep on investing. 😊

[@OurRichJourney]

So perfectly said! Thank you for sharing! :)

[@doggydude4123]

This is such a refreshing video. I really appreciate how you guys are concern about others than just your investment portfolio. My own portfolio took a dive but society is still functioning and has not collapse.

[@nekam.2817]

I was so excited to see what you guys were thinking about this

[@OurRichJourney]

Thank you Neka! This is, by far, the most recent topic that we've been getting a lot of questions on - Thought it would be best to make a video on it! :)

[@joer.5196]

Thanks for reinforcing this guys, I must admit I was in a bit of a panic mode but realize I need to stay the course. Stay healthy everyone.

[@OurRichJourney]

Stay healthy, too!

[@Benjies]

“Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.”

[@thekatephillips]

Benjie that’s insane… If I don’t have the skills to re-allocate my portfolio so that I will never lose 50%… I should not be in the stock market! Today I made nearly 3% while the S&P lost over 3%...

[@jadexplores2100]

Just landed back home a few hours ago after being in San Fran for work for a week. And while there I got the news that my mandatory work trip to Japan that we'd been planning to occur over the next couple of weeks has now been officially cancelled. With that said, it is touching and means a lot to hear you guys mention your primary concern is the health and safety of others. I can relate; very well said.

[@OurRichJourney]

Thank you. It's good to hear that your employer is also taking precautions to keep you healthy and safety. Sending our best to you!

[@ashtonmccants]

I absolutely love you guys. Glad you guys made this video. We just put in another $6,000 yesterday. Great time to buy at a discount. People should stay the course and follow their original plan. Another amazing video guys! Hope all is well in Lisbon 😊.

[@OurRichJourney]

Yes - stay the course and follow the original plan! So true Ashton!!! :)

[@TruSun_G]

yall research and delivery on point... Since i been recently traveling to japan, i can tell ya that COID-19 aint no joke... i hope it is like the other scares and they hurry and find a way to mitigate it before it gets outta hand.

[@NickOloteo]

You can't lose money if you don't sell. Also, my portfolio is down but I live within my means, have no debt, no car payments, etc. So, I have no fear about my portfolio dropping. I feel nothing.

[@OurRichJourney]

Awesome to be debt free! :) FANTASTIC!!! :)

[@michaelmendez9423]

Nick Oloteo - Investing but you are losing money its just not a realized loss

[@NickOloteo]

The Crypto Strategist most of what I own are blue chip dividend stocks. I own some reits and bonds. My stock portfolio is very safe stocks

[@swissladydriver8980]

@@michaelmendez9423 As Long as he doesn't realize the loss by selling, there is an excellent chance that the value will recover and he will be back where he started, or better.

[@bschil1]

Thank You this is very wise advice! I too am a student of the markets. Fear and Greed are the emotional triggers to remind ourselves of at all times. Having the Plan and not overriding it is the Key!

[@OurRichJourney]

Yes - fear and greed can be very dangerous for investors (and for all people, really)!

[@bschil1]

May the world get back to normal so you can relax and enjoy Your Rich Journey!

[@DanwilsonArchive]

This dip in the market will sperate the average from the great as far as investing goes!

[@OurRichJourney]

Yes - I hope there will be many, many greats! :)

[@lambolj]

The strong from the weak

[@ChiefKapui]

Not sure honestly, top investors in equities since 2009 have been non financial corporations by a large margin and with bitcoin available as a hedge to traditional assets, the future seems quite unclear. I wouldn't want to be on the wrong side of the market by any means.

[@jaynwonder7915]

As usual such an inspiration. So logical and rational in your thinking. Love u guys...

[@OurRichJourney]

Thank you so much Jayn! You are too kind!

[@rufdymond]

I only know one thing...when the markets open on Monday, I’m getting ready to buy more, I transferred more cash into my accounts last week.

[@OurRichJourney]

We think its a great opportunity that people will wish they took advantage of years from now :-)

[@richardackley1823]

I'm ready to buy more. But there may still be some downward pressure due to fear about corona virus. But I'm thinking sometime this week I'll probably be adding more, especially TSLA and VOO.

[@laurawalker546]

I put 25k to work on that dip. And have a good 3 years in cash to live on while the market gyrates. I got out of a few profitable positions also to reuse cash again at some point... but otherwise holding steady ... and collect dividends

[@rufdymond]

I put in my orders on Monday morning - I do think these prices may go down further, but I never worry about that too much - I'll feed in the cash I have over the next few weeks. I've learned from experience that you can sit there waiting for things to drop further and they never do.

[@mhernandelarca5564]

This is the best video posted by this couple . Their advice in times of uncertainty paid off

[@manalopalongo]

I'm a federal employee with a pension due in 15 years when I retire. Not sure what will happen the next 12 months, but I'm confident in 12-15 years, when I retire, the market will be far higher than today.

[@OurRichJourney]

We were federal employees, too! :) We did a 401(k)/TSP video on our channel! :)

[@theanderson4243]

I was literally looking over my portfolio with this concern and find you uploaded a new video! Thank you. Turning on my notifications now!

[@OurRichJourney]

YES - turn on those notifications! :) Hehe! Thanks for watching! :)

[@nneonskyy8324]

with a dividend oriented portfolio, its good to just keep your stocks and not sell, because your cash flow from dividend usually stays the same..

[@OurRichJourney]

Thanks for sharing!

[@romkc3]

Amazing couple clever, financially savvy. Impressive, mind blowing their financial knowledge. More power to Amon and Christina.

[@PennyGetsItTogether]

I appreciate your collective calm. I remember losing $2,000+ the last time the market dipped and it hurt because my financial pot is tiny but I held steadfast, did nothing and my money and then some was back within a reasonable amount of time. I’m doing the same now, dollar cost averaging, same ol’ same ol’ PLUS NOT watching the market everyday. 😉 I have a good 10 years before I need my money so I’m sitting tight. Thanks for a great video. I look forward to your uploads.

[@OurRichJourney]

Thanks for sharing your experience the last time around! :) Not watching the market everyday also helps! :)

[@romeo7smith463]

Hello. May I ask you 2 a small stock to start for my 4 month old Grandson? I have Robinhood and most recently a joint acct I just started on Stockpile. Or do you have a video on how to set up/start an acct to drip for Grandchildren? I was thinking of one share of Carnival as they are down but I know in the future will go back up? Thank you for anything you can advise. I’m excited to have something special for just me and my Grandson and teach him early to be an investor. 😁

[@PedigreeGroup]

Best episode yet!!! Great story, and great "planning!" Thanks for sharing.

[@OurRichJourney]

Wow - Thank you so much! Glad you liked the video!!!

[@jennifers2186]

I appreciate you both! Y’all have taught me so much. Hope you and your family stay safe and healthy.

[@OurRichJourney]

Thank you Jennifer! We appreciate that you're watching our videos! Stay safe and healthy as well!

[@saurabhsharma4200]

I am country doctor in the USA. I tell my worried patients that they are more likely to die of complications of obeisty than the virus of the month.

[@OurRichJourney]

Wow - thank you so much for sharing that Saurabh! It's nice to hear the perspective of a doctor on the issue! :)

[@Nikyv786]

👏🏾👏🏾👏🏾👏🏾

[@TheSilverLining80]

Yes! People need to first worry about the risky behaviors they are taking part in (smoking, drinking, drugs, eating poorly, not exercising, etc.) before they freak out about a virus.

[@Nikyv786]

Baris Arslan the death rate is 2%. Of the 2% I wonder how many people already have compromised immune systems. Typically patients that are older, cancer patients; maybe they already have chronic illness such as asthma..... the death rate isn’t high at all. You’re more likely to die from obesity, smoking, or alcoholism.

[@thekatephillips]

Wow… Do you have any idea what’s going down in other countries right now? The contagion rate and case fatality rate of this thing is like nothing we’ve ever experienced in North America in our lifetimes. They didn’t lock down entire cities in China because it was “the virus of the month” 🤦‍♀️

[@Stephbraids]

I believe your channel is the best channel i have ever subscribed to. The advice and instructions are extremely relevant.

[@curtisdavis8594]

Good topic! "Dollar cost averaging" helps in good market & bad market. Thanks, Guys

[@OurRichJourney]

You are exactly right Curtis!!!

[@JulioVillaltaIII]

Thanks for the video! I think quite a few of us needed to hear to stay calm and not make any quick decisions that could hurt long term based on sudden changes in the market. I also liked the explanation of “actual” losses

[@OurRichJourney]

Thank you Julio - LOVE that you heard the "stay calm" message. Thank you for watching!

[@jeremywest6603]

Well done and even-keel, steady, smart advice during this tumultuous week/time. Dave Ramsey states: the only ones who get hurt on a roller-coaster are the ones who get off. Stay the course. I like the well-laid plan you all stated here and the 2.5 years of emergency fund is genius (if you all should ever need to delve into it). Great job guys!

[@OurRichJourney]

Well said Jeremy - Stay the course! :)

[@1world2coexist]

You two are awesome!! Thank you for all your informative videos. I'm excited to see more future videos as I watch your past ones. Thank you again.

[@eddiedelisio]

One thing I didn’t know when I invested heavily a month or two ago was I should have paced it with installments. I went all in, hearing not to time the market or worry about prices since it’ll be long term. Still should have known patience is crucial. I’ll be ok but it was a mistake to invest so quickly. I wanted to make up for lost time but was a lack of strategy.

[@OurRichJourney]

But, my guess is that you had a lump sum of money that you could invest at once and that you are still planning to invest extra money regularly as it comes in. If that's the case, I'm not sure that you'll see much of a difference in the long run. :)

[@lukebaltzer127]

I did the exact same thing Eddie, dumped everything in 3 weeks ago hearing all the time in the market is better then trying to time the market but it is what it is and it was a good learning experience Trying to save as much as i can now to buy at these great lows though

[@laseanwigginsbfcbasicfinan8649]

I say keep adding....everythinh on sale

[@kanishktripathi3526]

It depends. I did the same with my Roth IRA. Maxed out in the beginning of year. But I'm not going to see that money in another 28 years. So it doesn't matter

[@Evl_67]

You’ll be fine just keep investing

[@pedrozatravel]

2.5 year emergency fund, that is awesome. Our goal was only 12 months. We have like 6 months now, but we are also not independent yet and still investing.

[@OurRichJourney]

Thank you! You really just have to build an emergency fund that you feel comfortable with. Since we rely on our portfolio in early retirement, we decided on a higher emergency fund. BUT, the fact that you're still investing and already have a 12 month emergency fund is amazing! :)

[@Adam-tm8cp]

Absolutely lovvveee your channel. This is my couple goals.

[@OurRichJourney]

Aww - thank you! You are too kind! :)

[@buffteethr]

Wow..You two are unicorns. I used to have a two year emergency fund when I was single it allowed me to freely move to whatever job I fancied. I wasn't stuck at a company because I needed a check. You guys are dynomite.

[@AK-ky3ou]

Oh, was something going on? Hadn’t noticed. Depositing every Monday all the time.

[@OurRichJourney]

Brilliant! :)

[@PJDuro]

Another really great video with well thought out advice and no padding. Thanks!

[@EmilyRTurk]

I hope this video goes “viral” for all the truth it contains! We use a variable percentage withdrawal system with a one year lag. These drops are to be expected. Great video!!

[@OurRichJourney]

Emily - you are too kind! Thank you!

[@cocoaleg]

What is the financial inst, where do you have your saving account ? Which one do you recommend ?

[@OurRichJourney]

Our emergency fund is in a CD ladder and money market account.

I couldn’t agree more with you guys! I use the same strategies as you do :) thanks for sharing your insights!

[@OurRichJourney]

We knew you would! :) Thanks for watching!!! :)

[@henryrivas8999]

Sound advice...steady wins the race!

[@OurRichJourney]

Yes Henry! Well said!

[@Lovelyone1]

Thank you very much for this information. My question is if you two have ever considered doing a series for teens/preteens about money/savings/investments that we can share with our children. I can’t seem to explain it properly and you guys are so clear and concise!! We would be willing to pay for access......please consider.

[@OurRichJourney]

Antrelise - You are too kind! We've been talking about how great it would be for younger people to understand the power of investing and how we could reach younger people. We would LOVE to go to schools and talk to kids (preteens/teens/college students, etc.) about the power of investing and the concept of FIRE, but it's more difficult being here in Portugal. So we've been brainstorming - maybe we can add more videos that are preteen/teen focused! Thank you for the suggestion!

[@Lovelyone1]

Our Rich Journey yes, please!

[@ltinvestor44]

Thank you guys! You are one of the pages that helped encourage me to start investing.

[@Mr_JRH]

I would interested in seeing a video of what time of the year the 4% gets pulled out. Is it Jan 1st, after tax time, or late Dec?

[@mindsinmotion2825]

That is a good question. I would be interested in that as well.

[@OurRichJourney]

Great video suggestion! Thank you! :)

[@roveirdatu3851]

Oh so you only pull 4% per year? So beginning to wonder how often you do this?

[@Mr_JRH]

@@roveirdatu3851 market average for the most part 8-12% per yr. Say you have 1 million and make 10% that's 100k profit total 1.1 million. U take 4%/40K and reinvest the other 6%/60K into the market. Now U have 40K to live on and $1,060,000 in the market. Following the 4% rule U SHOULD never go broke. Yes every year.

[@jkfavs1]

Our Rich Journey could you please clarify 4% withdrawal a bit further- whether you are pulling just the the earnings (dividends) or selling stocks or combination of both. Thank you

[@Resilienttrader6]

Thanks for the video ! We re newbie to FIRE ,It helps us a lot to get stated. My wife and i has been following you guys 3 months and we also just bought your workbook yesterday , we wanna achieve FIRE like you guys you guys are our family role model🔥

[@OurRichJourney]

Wow! Thank you so much! And thanks for joining us on our journey! :)

[@nathanglessing9010]

Suprisingly I’m only down 4% and I’m 100% invested in resource companies.

[@OurRichJourney]

Congratulations Nathan!!! :) That's fantastic!

[@Je.rone_]

*Yeah, There's been a stock market correct every year for decades, i didn't expect this year to escape the trend, Ebay doesn't me it won't turn into a crash, but even if it did emotions often will not lead to intelligent investing decisions*

[@OurRichJourney]

Yes - best to separate emotions from investing! :) Thanks for watching! :)

[@mrsinnizter]

Hey my favorite couple I love you guy ya'll knowledge is deep I still be investing I don't let mr market affect my investment plan I'm holding my stock for long term I'm currently purchasing shares while the market is down

[@OurRichJourney]

Consistent, long-term investing! LOVE it!!! :)

[@mrsinnizter]

Our Rich Journey o yeah next thing I’m a start working on is a sep Ira account and build up a Roth IRA I had with capital one I also started following y’all on instagram my profile is mr Sinnizter da trucker but y’all enjoy y’all day I’m on my way to Alabama for a Monday delivery 🚚

[@beakey3484]

Thank you for being a reasonable voice. with solid opinions about fears and emotions.

[@OurRichJourney]

And thank you for watching Beakey! :)

[@savelikeaprowithleah5157]

Really appreciate the motivation I needed today! Thanks for sharing!

[@OurRichJourney]

Very happy to hear you're feeling motivated!!! :) Thanks for watching!

[@ronwilson9069]

Question for Amon and Chriatina... now that I have purchased Index Funds, ETFs and a Roth IRA, do you have a video on how to fund them monthly. I’m trying to get them going and growing. Is it buying more shares or adding monthly monthly into the Roth IRA? Please help

[@OurRichJourney]

We don't have a video on that yet, but you can call your brokerage account to as about setting up automatic payments! :)

[@ronwilson9069]

Thank you, I found out about it!

[@paradigmshift720]

Ayyyyeeee!!! My FAVORITE Financial Melanin Couple! ✌🏾🧔🏾👌🏾💯🖤

[@OurRichJourney]

Aww - thank you! :)

[@ashlyjadventures]

How often do you withdraw that 4% from your portfolio?

[@didipkerabat]

Thanks for doing this video. Hopefully we can one day follow your footsteps and retire in Portugal as well

[@OurRichJourney]

Thanks for watching! We would love to see you following in our footsteps and reaching FIRE! :)

[@leanwats1103]

Great advice, I was wondering how you guys were dealing with this market crash. I’m very happy you guys are doing good, both of you are amazing, Love you guys.... stay strong

[@OurRichJourney]

So kind of you Lean! Thank you for thinking of us! :)

[@bonitahill5239]

Actually I was more worried about you all staying safe and healthy.... you guys already know how to make money but health is another issue all by its self.... Stay healthy !! Thank you for all you do ❤️♥️❤️♥️

[@OurRichJourney]

That's so sweet of you Bonita! Health is definitely the most important issue. Stay healthy! :)

[@garethstewart6467]

Another good Warren Buffett saying... buy when others are fearful and sell when they are greedy... plus if you investment horizon is 5-10years plus then a bad year won’t matter. Another good video folks 👍

[@shelleyn2884]

thank you for this timely video.

[@OurRichJourney]

Thank you for watching! :)

[@GetSmartUniversity]

Big facts ...great video. Got to stay calm. Fear will rob you of your wealth. 💯💪🏾

[@OurRichJourney]

YES!!! Exactly! Thank you!

[@TUBEDOUT07]

consistency and discipline go a long way to prevent impulsive actions when it comes to the stock market

[@OurRichJourney]

Yes! Impulsivity is not an investor's friend!

[@PatriceMorris.]

We are in a different time. The time we were in is no longer. So yes, it will change dramatically. It is all in ones perception.

[@TheLazyMoneyGame]

As always great content. I was thinking about you guys this week as I saw the market go down. Happy to hear that you are spreading the important message, to keep focused on your strategy, so important not to let emotions rule your investment strategy.

[@OurRichJourney]

Thank you for thinking of us! :) You summarized it perfectly - stay focused! Don't let your emotions rule! Thanks for watching!

[@JPaz-cr8os]

excellent content as per usual guys, thank you!

[@OurRichJourney]

Thank you!!!

[@TashaLove31911]

I waited for this video!!!!

[@OurRichJourney]

Thanks for waiting AND watching!!! :)

[@robertalvarez5870]

I love you guys! Great information, good, solid, sensible strategy. I've been watching your videos for some time now and they are simply EXCELLENT. Thank you for sharing your experience, thoughts and wisdom.

[@OurRichJourney]

That's so kind! Thank you Robert!

[@kimr2361]

Curious to know what you are doing with that 2.5 year emergency fund. Is it strictly cash or do you have it in any high interest accounts or CDs earning some interest?

[@maryalex092761]

This is my exact question, where do you keep that 2.5 years of cash? Pls tell us your strategy! Thanks!

[@El_Muchacho_Alegre]

Cash is trash buy precious metals gold and silver

[@OurRichJourney]

@ Mary Alex - we keep it in a CD ladder and money market account!

[@maryalex092761]

@@OurRichJourney thanks for you vigilance around comments-you two are my heroes!

[@maryalex092761]

Would you two ever consider making a video for the 50+ crowd and how that would be differentiated in your strategies? One typically, in that age bracket, cannot be as risk full...

[@GeeZeeGZ]

A million thanks, so happy I found your channel!

[@OurRichJourney]

Thank you George! We're so happy you found our channel, too! :)

[@melodya4833]

2.5 years of emergency cash. I’m trying to get like y’all lol. Great video

[@OurRichJourney]

You can do it Melody!!! :) Thanks for watching!

[@casaleen3073]

Thanks as always for great information. Please be safe, blessings to your wonderful family.

[@OurRichJourney]

Thank you! Stay safe and healthy! :)

[@visitorq4318]

these guys r really good...

[@OurRichJourney]

Thank you!!!

[@hr2079]

This is Rock solid. Thank you for sharing, Guys! Keep up the good work

[@erichsu8562]

Thanks for the video! In the case of withdrawing from your emergency fund, how do you guys go about replenishing it?

[@OurRichJourney]

We're going to do a detailed strategy on our emergency fund - detailing when we would tap into it, how we would replenish it, running numbers/data, etc. :) Thanks for watching!

[@erichsu8562]

@@OurRichJourney Awesome! Look forward to it!

[@calvinluongvan9245]

One of the best Video! Thanks.

[@OurRichJourney]

Wow - thank you so much Calvin!

[@m.morininvestor9920]

I learned A LOT since last week ... !

[@OurRichJourney]

Lessons learned are good lessons! :)

[@Illalcap]

Very wise advice. Great video you two.

[@OurRichJourney]

Thank you so much! So glad you liked the video! :)

[@bryanalstoncoxing]

So if we wanted to invest right now for the first time should we invest in some of the Index Funds now that the price has gone down but will likely go back up?

[@OurRichJourney]

Historically, the stock market has always gone up and down - so the best focus should really be on long-term investing and consistent investing rather than timing. :)

[@NateT092]

Of course, depends on your investment strategy though and age. If want invest in total market index like VTI or collection funds that track the market you desire to invest in.

[@ross4452]

hold your cash for now, the market is going to keep going down. we haven't hit the floor yet, be patient

[@queenwifemomdaughter2970]

Thank you family! I was waiting for you guys to post about this

[@OurRichJourney]

Hey Fam! So glad the timing of the video worked! :)

[@crystalclear9747]

Thank you so much for making this video. I literally just got into understanding stocks not even a week ago, and boom the Corona virus hits I said I’m just far to lucky! Tyfs great video

[@OurRichJourney]

Wow - so glad to hear the timing of the video worked out! BTW - Congratulations on learning more about investing - your future self will thank you! :)

[@lolapatton5444]

Crystal Clear exactly....i just started investing seriously within the past 2-3 weeks...wow

[@lovealwaysjasmine]

Where do you keep your 2.5 year cash reserve? In a high yield savings?

[@OurRichJourney]

Money market account and CD ladder!

[@wecantstayput4958]

I literally told my wife yesterday I wish you guys would make a video about this so we would know what to do 😉 Thanks!

[@OurRichJourney]

Haha! Everyone's been asking the same question! :) LOL! Thanks for watching! :)

[@debbiewertz8632]

what type of account do you use for your emergency fund?