This family bought a house in cash during the pandemic | FIRE Starters: MarketWatch

[@tahirisaid2693]

Just watching this episode of "Fire Starter" on Market Watch, and it was incredibly insightful! The concept of early retirement is not just appealing but also crucial in today's fast-paced world. Watching this show has reinforced the importance of financial independence and strategic planning for retirement. Truly inspiring content!

[@ivzg3576]

I can listen to her talk all-day

[@yvetteholdsworth340]

Me too! Gorgeous voice.

[@gailmariage5318]

Me, too. She could read books online.

[@MS-gl5mg]

subscribe to her podcast)

[@ohdevinoh]

me too . her voice has the same soothing quality as Liv Tyler

[@ivzg3576]

@@MS-gl5mg what's her podcast?

[@ariefraiser140]

In the middle of the market drop earlier this year due to the pandemic a number of articles were written about FIRE being risky and possibility that those that FIREd may have to go back to work etc. Which all seemed so strange to me because most people who FIREd have no debt at all not even a mortgage, have multiple years cash reserves and generally have hundreds of thousands if not millions in investments whether it's stocks or real estate. In short most have enough assets to ride out a down market for months if not years. And if additional income is needed most have enough cash reserves to take their time looking for a job. Now juxtapose this with a family living check to check or even a family with a decent 3-6 months expenses saved but nowhere near FIRE and suddenly no job. There's still the mortgage and all types of ther expenses left but no money coming in and either no savings or 3-6 months worth. Which situation sounds more dire to you?

[@Baptpich]

It's funny that by just asking yourselves the right questions, you can drastically change your life for the better overnight

[@BrendanEvan]

Pandemic is pushing me to work more towards financial independence also! Investing early and often plus making extra mortgage payments!

[@idarabassey7455]

"Pain can be a great catalyst for change..." #nailedit

[@MyLifeThai371]

It's the only way we learn.

[@darrisnelson5223]

When I see numbers I rarely see health care listed ... or any kind of insurance. Those expenses can be a big chunk of income. What does a family of 7 spend in health care and are they insured?

[@WINWITHunWIN]

My husband just retired, and his retirement covers our family of 6. $450 is deducted from his retirement check to cover our 4 kids with the better health insurance plans.

[@haydenr2229]

Typically insurance or health care costs are quite low for young families, these expenses pick up quite a bit the closer to ('normal') retirement age you get. Its likely they either don't have any or they live in a state with sufficient basic coverage + access.

[@joseperez2003]

The husband has benefits through the military....it seems he is retired and he is getting a pension

[@shanwilson3682]

Jillian has mentioned in the past those Bill's they pay yearly and its heavily discounted through her husband's past career

[@mgaraujo1220]

Join a union you get free health insurance

[@ryanmiller4860]

“You don’t really lose money unless you sell” BARS!

[@forzared101]

Say it louder for the people in the back.

[@daystar73]

​@@forzared101LOUDER!!!!

[@hsingholee1058]

She looks great after 5 kids

[@FehadBilgramiChannel1]

Great update on what a practical fire family looks like

[@joydietzel7739]

Campers are in high demand right now. Lots of people are camping since they can’t do other things.

[@marcahara4999]

Love the vibe of this video. Thank you and good luck!

[@nigelphillip2715]

Wow...inspirational Lady and family!

[@dennisnoone7427]

Rv sales were crazy high when korona hit, everyone wanted to get away from big cities

[@MyJourney2FI]

great to see people able to make it to the financial independence 👍

[@MrWdwheeler]

Could someone clarify a few things for me: 1) at ~$3000 a month with 5 kids are they eligible for government assistance (ie food stamps?) 2) they are not contributing to anything like an education/college fund for their kids correct?

[@kristineb.1458]

Hi im A Filipino Ofw here in HONGKONG please tell me how to be part of this program FIRE i want to be FINANCIALLY INDEPENDENT THANK YOU ❤️

[@jensallis2]

Great video! An idea perhaps... instead of 'the bill of goods I've been sold is no longer what i want', use 'the bill of goods I've been buying is no longer what I want'.

[@jslim8639]

Whats her podcast? She will have 1 more follower

[@jamilynn322]

"Everyday Courage" - it's part of the podcasts offered by Choose FI.

[@blackbeltfinance4026]

Everyone starts out as a white belt in karate 🥋 Up to you if you wanna level up to black belt 🏆

[@chanj2109]

How does moving to their rental unit help them avoid capital gains tax when they sell?

[@jordanmcconnell3409]

They'll likely use the primary residence exclusion from staying there for a couple years

[@omichaelnato5388]

So if it was a rental, appreciating from the renovations, you would pay 15% on that gain in value. Primary residence as said, for 2 years, no capital gains tax. Probably won’t be much but probably a few thousand

[@jmlinden7]

If you live in a property for 2 out of the last 5 years, you can avoid some capital gains tax

[@Williamesq12327]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@tahirisaid2693]

Agreed, having a good financial advisor is invaluable, my portfolio is well-matched for every season of the market and has just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

[@tahirisaid2693]

Her name is. 'NICOLE ANASTASIA PLUMLEE’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@janefromthecountry1820]

Military pension is huge here! How many years to get one for young folks?👌🤗.

[@shelleystarr1680]

Did you retire with less than a million? What do you do for health insurance.

[@omichaelnato5388]

All I picture is a kid breaking something And the wife being like “honey! That’s above our margin!”

[@luther7541]

Does she have a vlog or podcast? I like her voice

[@shanwilson3682]

Yep Montana money adventures, and a blog

[@steve99912]

The first 30 seconds were great. Following the rules sometimes does not work.

[@stevethomas74]

I'm a FIREstarter, twisted FIREstarter

[@walkerb1734]

No, people didn’t follow the “rules”. They led a life of instant gratification of immediate consumption. On the other hand, YOU have followed the rules and are now in a great place. Congratulations!

[@cato451]

Still no mention of medical insurance. Poor choice to skip that.

[@NaturallyNerdeeNicol]

They are getting a military pension so I figured the family was somehow covered in that manner in terms of medical insurance

[@cato451]

NaturallyNerdeeNicol I suppose but that is a major cost for a family that large. You’d think she would have addressed it this video or the last.

[@manp1039]

@@cato451 do we know what state they are in? it looks like north west USA. Am i wrong?

[@cato451]

M A#np Montana

[@dynamichunter843]

Why is she talking about cheaper RV’s & campers… they got even more expensive during the pandemic!!

[@beingpractical3293]

5 kids

[@karanvsingh7437]

I am one of those FI people...I have more than enough money but I don't think I can stop working.

[@dancer1]

With the fire bans going on you shouldn’t be starting a fire

[@wanefelicia8779]

Dislike Her voice is so fkn annoying

[@sgist7824]

She's got a beautiful calm voice