This flight attendant saved enough to retire early but chooses to work | FIRE Starters: MarketWatch

Working is a choice, not a necessity, for this Denver-based member of the FIRE (Financial Independence Retire Early) movement.
Bianca has been a flight attendant for the last 17 years. Even though she's reached a point of financial independence, unlike many others in the FIRE movement, she's taking the approach of "delaying gratification" to make sure she can prepare for the unexpected.
Read her story on MarketWatch: on.mktw.net/3FEr1Tc
For more videos on the FIRE movement: bit.ly/37ENDWW
See this video on MarketWatch: on.mktw.net/39MenFE
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[@elianah8803]

650K net worth, started over from scratch at 34, home is paid off. Well done, you are financially independent! Well done. Congratulations!

[@LegolasD]

Nice, to start over financially is tough but mentally must be even tougher. And in a short amount of time. Congrats to her

[@schlookie]

How old are you now, if you don't mind me asking please?

[@Hofftimusprime1]

Doesn’t sound like she lost everything. Given her salary and savings percent it doesn’t add up.

[@elianah8803]

Hofftimus Prime I got the same impression, sounds like she lost a couple of rental properties. Sold her own property, took those proceeds and downsized paying for a new property outright. She didn’t mention losing 401K so in that regard, it could add up. If one doesn’t have a mortgage and is a saver, savings could pile up pretty fast regardless of salary. This was my impression on how this played out. Who knows? 😀

[@roadrailn]

Elianah agreed, I’d guess she’s 45 now so 11 years of saving doesn’t put you at 600k with an 80k job plus owning a house and maintenance/taxes/insurance. I’d believe maybe 200k

[@GorgonDrageil]

The main point is CHOICE. She *chooses* to work, that's her freedom...

[@dark_child8766]

LOL keep believing that. Nobody with true financial freedom works a fucking job. If they do it's because their the boss. Only a fool thinks their free with a boss your just comfortable in your current situation.

[@sebastianusami]

@@dark_child8766 im financially independent and I work a full time job....

[@dark_child8766]

@@sebastianusami so why work quit.

[@sebastianusami]

@@dark_child8766 because I love what I do and I get paid for it, why quit?

[@sebastianusami]

@@dark_child8766 oh yeah, and i didnt get where I am by being a lazy sack of shit, so there is that.

[@cece2086]

Ite funny how some consider this extreme, however living paycheck to paycheck, 6 figure student loan debt, living above your means as normal

[@Corkfish1]

Its jealousy

[@user-td7xf3gz4l]

Hahahahaha good point cece

[@MsJDubU]

It makes zero sense to have that debt for life instead of financial independence mentality

[@VinegarMoneyGrows]

It's almost like some group of people want you to be in perpetual debt

[@beastfromtheeast9318]

Yeah it’s a retarded way of thinking. These are the same people that call me cheap because I have a budget.

[@Azel247]

35, just reached FIRE with 1.1 mil as a registered nurse. Still choosing to work part time at 30 hrs per week because I enjoy the job and to allow for more fun money

[@personalfinancedeclutter5803]

In other words, *a smart person with common sense!*

[@user-td7xf3gz4l]

Exactly

[@jarred333Boss]

ewwwwwwwwwww

[@Henry0870]

And a $60/hour income.....

[@webfreakz]

No... It's not common sense

[@jahd5790]

Sometimes you just get one like the other commenter only having common sense 🤣🤣🤣

[@perro7183]

I've always lived as frugal as possible. Seems like common sense. If I can't pay cash for something I'm not interested in buying it. Minimalism and delayed gratification are the most important factors here

[@markwhittaker6866]

AGREED.

[@mindexpanionmedia]

I bet this payed off for her extremely well during Covid 19

[@TartarianTopG]

ALCAN52 wow!! If you don’t mind, what’s your fire number? Or did you go past it?

[@abyss104]

@@ALCAN52 I was always told a 401k is good. What's wrong with it?

[@abyss104]

@@ALCAN52 Why do guys like Dave Ramsey tell people to get 401kS?

[@MooxLive]

I love how she added *charity* to her expenses at 4:37 I wish her the best

[@DeusExMachina50]

I'd rather donate my time to charity than money.

[@MooxLive]

@@DeusExMachina50 everyone gotta contribute something

[@DeusExMachina50]

@@MooxLive Agreed, but I don't trust most charities to ensure the money gets to the people who need it most.

[@MooxLive]

@@DeusExMachina50 true

[@Tbessix220]

​@@DeusExMachina50 I agree but you can Do it yourself, I don't give to charities but i'm more comfortable giving directly to people in need. The only downside is you have to dig to find those people who really need help. Your friends and community can help!

[@karenhardie1132]

Not having kids is huge. They are very expensive.

[@sentry2236]

I guess..??? If your kids need the "best", newest, and most of EVERYTHING... then.. I guess? Idk.. I think living vicariously through your children and or making your children so busy so that you can be busy enough to totally avoid interacting with your spouse can make them extremely expensive, sure. But idk your situation. I see those 2 things daily though.

[@asadb1990]

kids don't have to be expensive. its better to match kid's mindset with yours early on so the don't ding you too hard.

[@Bigboss-xe6lm]

@@asadb1990 Totally agree. Good point! Dont give them too much and they adjust. Dont compare yourselfs to others and you will be successful in whatever you want if you stay strong and keep away from the herd

[@RationallyMe]

But the FIRE podcasts most showcase families, not single people.

[@Moocow9991703]

I'm married with three children and we still manage to invest over 50% of our salary so it is very possible but just don't waste your money on yourself or the children then one day you'll be able to help your children immensely, good luck to everyone on their own fire journey

[@SteelRhinoXpress]

There was a study done not too long ago that the longer someone works the less prone they are to getting brain diseases like alzheimers and dementia when they get older. makes sense. Working keeps your mind sharp. She's right just because you're retired doesn't mean you stop working. I know a guy that's 82 who cleans carpets. he told me if he stopped working when he retired at 65 he'd probably be in a nursing home right now mentally rotting away waiting to die. He said being able to still work at his age has undoubtedly extended his life. I believe him, he's still pretty mentally sharp and doesn't even look 82. If i didn't know his age i'd think he was still in his 60's.

[@Cahluvca]

Folks really do think many go full retirement..they just aren't in the rat race or have the option to work on something they want

[@shyro1251]

This girl is killing it. Most of the people in the comments dont understand that shes a few years away from a mill because of compound interest. Take 8 percent of a million and its her yearly wage. She could retire rn but shes smart.

[@user-td7xf3gz4l]

SPX up nearly 30% YTD what a great year !

[@welshhibby]

Future cat lady !

[@iangrant3442]

You are correct.

[@nordicpride9708]

welshhibby Intelligent and gorgeous cat lady. Same as a purple unicorn. Good for her!

[@iangrant3442]

​@@nordicpride9708 TEFL teachers speak with a clear standard English (UK). Good habits or behaviours have merited her success. Six pack and the V are the same. It takes effort and satrifice. Winners have this in their blood.

[@faithmwanzia8416]

The aspect that stood out for me was that she went from making $14 to $60 through her career .She knows what she is doing and that’s awesome.

[@theQuestion626]

Yeah but she didn’t exactly explain how she did it. I mean I’m sure she’s a climber and I’m sure her looks came in handy. I’m trying to remember a flight attendants are unionized that also might be a huge help

[@kingofrivia1248]

@@theQuestion626 Tbf when you dont need a job you have massive leverage when talking about pay. I cant tell you how many times i just quit because i didnt get a 5 dollar raise. I always find someone willing to pay it eventually, when you have student loans and other debt you cant do that.

[@theQuestion626]

@@kingofrivia1248 is that so? What evidence do you have be on your personal experience to support this rather outrageous claim?

[@justsnappy]

*When a Flight Attendant gives hourly wage, know that FAs don’t work the standard 2080 hours per year; it’s closer to 1000 hours.*

[@drdwgmd14]

The community of FIRE is phenomonal , I like how they get together!

[@wanelly]

They have time which most of us are busy trading for $$$

[@AmberU]

And I can appreciate her reboot she lost during the recession but learned how to rebound.

[@adam872]

She sounds like she has her shit fully together and I applaud her for that. There is nothing wrong with choosing to work either. The key thing is having that choice. I don't think I'll ever completely give up work, because I quite like what I do, but I'm nearly in a position where I could if I wanted to.

[@johnappleseed203]

I'm a flight attendant and on the same journey. This job is too amazing to give up. Good for her!

[@bigpoppa4094]

she has been there 17 years. that is a lifetime

[@stephania4940]

Big poppa you retired sooner than 17 years?

[@bigpoppa4094]

Stephania Vazquez no, not that old and haven’t worked for 17 years. Let alone at the same tedious job

[@stephania4940]

Big poppa yeah I can’t imagine staying at the same company longer than 2 years frankly.

[@Veronica-tk9rl]

same!

[@deniseowens4543]

I am retired it will be 2 years on July 6. I have been working since I was sixteen sometimes working 2 jobs my son is grown . My job in banking was very stressful the work ethic of the younger people who I manager was non existent. Never in my life did I hate going to work so bad I paid off all my bills walk in one April morning and said I will be leaving in July. They begged me to stay offer pay increase . I loved it I do what I want when I want. Such a Blessing!!

[@saidawisemanvideos]

People should be educated in childhood about financial common sense and how to retire early. Well done to this lady.

[@mylifethaidiy7045]

Sadly the school system does not want that. There would be too many chiefs and not enough indians. This country is built on people being in debt.

[@crtmojo2705]

It’s all about getting a good job with good pay and living cheap. Savings are exactly what many people are missing. A lot of people tend to spend nearly everything they earn.

[@pedrohernandezjr4340]

Finally some good content that came up in my recommend list.

[@jmc8076]

Congrats to her. One point though owning a home always comes with added expenses incl taxes, insurance, minor/major cosmetic upkeep/changes both inside and out. Rule of thumb for maintenance is 1% of home value...for a $360k home budget ~3,600 per year ($300/mth). It can go up to 5% for old homes (often money pits.)Also appliances can suddenly stop working or need fixing often unplanned and cost more then planned. Also add in fees for resell if/when you want or need to. A home or condo may not be easily liquidated when needed esp if markets go down. Take all of this into account with real estate.

[@markp.7165]

First let me say I owe No One Anything!! I have 3 cars, two houses one being a rental and have been given nothing except maybe $50 at Christmas by my dad. My wife and I working full time have never made over $100K per year combined and many years far less than that. We have 4 kids, two who choose to go to college but are helping to pay for their educations. We have lived a great life enjoying many of the things people tend to enjoy like family vacations and attending sporting events etc.... The difference in us and some others is we did everything with a budget mindset. I'd bet however that no one that knows us would call us tight or cheap. We did not let it consume us or define us that we were on a tight budget. That mindset has also transferred to our kids who are now also budget minded as young adults which we are very proud of. Owing someone for something worth owning is not a bad thing. Owing for something that's worthless is what dooms most peoples financial futures. My point is while trying to live your life frugally don't forget to live your life!

[@marciabrown2418]

Mark P. I’m sure she took that into consideration and decided that this was the course for her. That’s what she choose to do, I’m not sure why it’s sounds like your defending your lifestyle.

[@vanessad.2625]

It's about choice man, if this is how you choose to live than fine. But she chose a different direction and that's ok too.

[@cayden3470]

I want a wife as frugal as her. Some people are just incredibly lucky to have people like this in their lives

[@SurpriseMeJT]

She doesn't want someone like you or anyone for that matter. Women over 35 who are not married are usually basketcases. Flight attendants are close to hairdressers and strippers in the crazy spectrum.

[@cayden3470]

@@SurpriseMeJT I was talking about her frugality.

[@robertndegwa1218]

But it appears she's nobody's wife.

[@britjj5126]

Jay Tee LoL wow! Who hurt you?

[@Cahluvca]

@@britjj5126 😂😂

[@skyecairo6997]

The one thing that is a tad discouraging/reality check is that she bought a house before the 2008 real estate crash at 24 years old. And at the time of the crash she had 3 houses. And this is in Denver, CO, before Denver became a very desirable location to live. When you are able to obtain capital and assets that early, it makes the rest easier to obtain later. So I don't envy her - this is 99% luck and having a step up in the first place. Most 24 year old Americans in 2020 can only dream of affording a house.

[@01happykat]

There are plenty of 24-year-olds in America who do buy homes -- it's called careful planning through intentional living, i.e., not spending everything you earn and even more. I could've purchased a home at 24 because I had been very intentional with my money and had worked hard since my pre-teen years. (No, I didn't earn much at 24 either.) What I did not do -- and still don't do in my 40s - is spend everything. What people outside this movement don't understand is that it is not just luck that gets you to FIRE (or retirement at any age), it's intentionality combined with good choices. Sure, luck can play some role, but mostly hard work and careful planning are key. I could be considered FIRE, but I have no interest in retiring in my 40s because I have so much more to contribute to my career field that it would be silly to leave. Even though I could spend frivolously at this point, I still choose NOT to. Why should I waste what I work so hard to earn when I can do something better with it?

[@igot5onit423]

The most impressive thing to me is she only spends $180 on groceries 👍

[@IgWannA2]

But she also spends about $120 a month on eating out (3:55), so $300 total on food.

[@koopapro]

Single no kids very doable

[@dhaval1122]

She is a flight attendant and travels, thus the days she will be outstation, she will get vouchers/reimbursement on food.

[@blakemosley4647]

With the right financial plan, early retirement is possible. Most investors hope for the best from their investments, but base their financial goals on unrealistic assumptions.

[@jackwyatt9649]

The reason more people don’t retire millionaires is because they are more focused on their short goals and enjoyments than planning for the future.

[@bernardogutierrez8392]

My stocks and crypto portfolio are enough to get me an early retirement.

[@anneparker4436]

@@bernardogutierrez8392 The risks in these investment is what I can’t deal with, it’s why I mostly focus on properties. I’m considering it though, I should put some cash to work.

[@DavidMiller-du9dy]

Picking the best in any category requires some work.

[@henryjones6303]

@@jamesowen9384 That’s something I’ll like to work with, how can I effectively connect with him?

[@frankish5314]

Excellent.. i did the same thing and quit work at 52.:)

[@mellorland]

I knew she worked for southwest Airlines! I work for southwest too!! Our 401k's and profit sharing is amazing

[@bigpoppa4094]

heard southwest matches up to 9%?

[@mellorland]

@@bigpoppa4094 Matches 9.3% plus 10% to 13% of what you made that year profit sharing (thanks to covid that may not happen this year....) but on a typical year if you put 10% in your 401k the company gives you 20%+ thats an eqilivant of 30%+ of your income is being saved for retirement.

[@bigpoppa4094]

OwlBear “May not happen”. Lol that is pretty much a guarantee LUV ain’t making a profit

[@mellorland]

Hey! Don't underestimate southwest lol

[@bigpoppa4094]

OwlBear aren’t passenger tickets down 90%, and are not showing further demand in the months to come. Southwest lost almost 2 billion last quarter. What am I missing ?

[@ditteberthels9070]

I also have my own house and car and no loans :D i'm 32 years old :D and also emergency fund of 20.000 us dollars - much less stressed

[@bibisuperstar6796]

I agree it can be that easy, move out of the city, start in your 20', don't ever get sick, don't have kids or other humans that may depend on you financially and you can retire at 40. In would love to revise these people at 60.

[@stephania4940]

What a negative Nancy

[@strangerdanger8462]

@@stephania4940 But it's just the truth

[@victordonavon292]

@@strangerdanger8462 You might want to read Millionaire Next Door by Dr Thomas Stanley and Everyday Millionaire by Chris Hogan. You will find that your premises are by and large based on false and skewed premises at best and patently untrue at the worst. Until then, hold your tongue on claiming to know the truth on such topics

[@mx2411]

Single income and no kids, you can retire pretty quickly.

[@iangrant3442]

She has no kids.........You never get it all...............Focus, direction, and a plan is her goal. It works..............

[@iangrant3442]

@Leon The Professional I agree. My daughter costs me a fortune. (University fees and accommodation) However, babies are nice. She may regret it.............Her body clock is ticking..............I have a dancer's body. She has too.......Money is not all.

[@iangrant3442]

@Rodrigo Barriga Gibson Life is not just about money. 50 and the lonely years with no-one to take on the legacy..........Saving with no end plan may be wrong.

[@iangrant3442]

@Rodrigo Barriga Gibson People are just people to me. Mindset with a plan does work. However, buy second hand for your child and save. It can be done. My daughter is fine. I assist her to have good habits. Degree then to invest in shares. 10 women do not clean bathrooms. ( my daughter).. I am a realist......

[@slaiyfershin]

I believe a single income with no kids is the same as 2 incomes and kids. The extra spousal income will cover the kids and even assuming nothing extra to carry over, you should be able to still have a single person's worth of income per year . Unless you have octuplets or something.

[@marabookstagram]

I wish she had a KZbin channel! Her story is really interesting.

[@Cahluvca]

@@ALCAN52 self discipline is hard for many

[@GonzalezEzekiel]

I wish she had her own private snap

[@koopapro]

GonzalezEzekiel smh

[@ektorkornoo8806]

Bravo! Discipline, delayed gratification, determination, ..... pay off!!

[@opaljohnson7428]

She is very wise Not to quit her job with full healthcare. She’s probably just a few years away from getting healthcare paid for by her employer when she retires. The major drawback of the FIRE movement is healthcare

[@Haesteining]

If you count that in and other expenses like your kids collage etc you should be fine. A good benchmark might be a 2% of what you think at first. Then it'll just continue to grow as well.

[@johns4651]

But that is only in the US so not really an issue for most people. EDIT: I mean in UK or the rest of the world. FIRE is a global phenomenon.

[@user-td7xf3gz4l]

Healthcare is done at a personal level. Medical care is the expensive part and many times unnecessary

[@2anonymous]

I'm in the US. I work for a small company and must provide for my own health insurance. I'm on paper FIRE ready. The way the health insurance market place is set up, I would actually pay a fraction of what I pay for health insurance now if I "retired" and reduced my income stream and lived off my investments.

[@777pezz777]

Not if you live in Australia or the UK.

[@ang5035]

she is so resilient - I love it.

[@namastemcl]

So smart to buy a used car with cash. If more people did that they would be so much better off.

[@56jmoney]

I bought my used car for $6500 cash five years ago. Still runs alright, but I maintain it.

[@56jmoney]

@Clear4ort You'd be surprised.

[@Henry0870]

Elreypachuco I bought a used (former company/lease) car just under 3 years old. Close to 60% depreciated....😬

[@tdurden9532]

I stole a bike and ride that, so I'm one level up, my niggah.

[@metalmaster76]

eh, in some circumstances buying a car on finance can be smarter than buying an old clunker. As long as you have equity in the car, and you are aware of the cash flow it can be just fine. There are no blanket statements with financials. obviously if you dont have much money than your options are limited.

[@clap7777]

Key two words that today's spenders don't know is "delayed gratification." What happened to saving 6 mos. - 1 yr. to get something you really want. Today's kids/young adults would rather go into debt to have that "oh so gotta have it, want it, buy it, but don't really need it" thing that gives temporary satisfaction. I was just talking to two young college kids today at Thanksgiving about this after they go into major debt and get out of college to try to pay it off. They'll want the car, apartment and toys, but the mounting debt is such a burden they don't want to think about. Live at home, get your education, GRADUATE, pay down your debt, and then you can buy some toys if you have money left over. DELAY GRATIFICATION, which may hurt now, but you'll enjoy life later. Happy Thanksgiving!

[@retiredmanager510]

Great job!!! Respect for her.

[@willelliott5052]

Smart lady. The average American is financially illiterate. Live at least frugally enough so that you can afford to save and invest vigorously. Avoid any debt except for possibly a mortgage.

[@AmberU]

I think thats by design to keep most ppl ignorant. Personal finance should be in elementary school curriculums and beyond.....

[@rudystraight1750]

@@AmberU lmaooo what an ignorant person u are. YOURR ALL DEAD BY 2030. UNITED NATIONS AGENDA 21. FUCKIN BRAINDEAD SHEEP SLAVES. YOU GUYS ARE FUCKED😂

[@brownie43212]

@@rudystraight1750 elaborate?

[@rudystraight1750]

@@brownie43212 do you research. A simple google search agenda 21. 17 goals by 2030. Few of em are to ERADICATE POVERTY HOMELESSNESS AND WORLD HUNGER BY DEPOPULATION. THEY WILL CONTROL ALL LAND AND RESOURCES. MEANING NOMORE EATING SHOWERING OR DOING W.E U WANT AMYMORE

[@sentry2236]

@@rudystraight1750 #triggeredin2019 Yikes. Is the point of being aware of agenda 21 and agenda 2030 to treat people like that until the UN wipes us out? Give people a break. You were a "sheeple" until you clicked on a KZbin video too. So kick back. It's not easy to come upon this info

[@MoorishBrooklyn]

Very good and experienced perspective she has.

[@retrodog63]

The dog walking part is brilliant. Walking is the best thing you can do for your health, along with diet. So you are making an outstanding investment right there, and the therapy of being with a dog. Can't get much smarter than that.

[@rayallen953]

Money should not be an end in itself, it’s a means to an end

[@NC-se9zj]

It's possible. I used to be a airline agent . Some of the agents would work the system, quick turns , double time etc . They were pulling in $120k. I valued my sanity and never made that much.

[@theQuestion626]

How fast did they burn out? I mean I’m kind of tired of hearing all these clichés about “hard work” and “sacrifice” I have seen the very people you described burn out so very quickly. Before they were even 30 they had addictions emotional problems not to mention health problems that go along with it. Hard work is important but Americans seem to think working yourself to the point of mental and physical breakdown makes you righteous or some nonsense. God help you if there is a stock market crash or a severe economic downturn, you know?

[@stephania4940]

theQuestion626 addictions?

[@theQuestion626]

@@stephania4940 yes. Addictions. Alcoholism addiction to substances of any type. It happens more often than you might think. Specifically many flight attendants are alcoholics by the bay as our tradesmen. Wall Street brokers are also notorious addicts. That’s what our hyper competitive society creates.

[@mylifethaidiy7045]

@@theQuestion626 Software engineers reach fire by age 35, because they know that they will burn out, because they are pushed so hard.

[@msnoonan]

Where one chooses to live makes a big difference in whether financial independence is even possible. It appears she lives in Denver, CO and that $75/month ($900/year) she's paying in property tax equates to a condo value of around $150K, given the average Denver tax rate of around .58%. That's in a city where the AVERAGE condo price is closer to $300K. We don't see all the size of the condo or the other attributes, such as the neighborhood she's in, but I'm assuming it's quite small and maybe not in the greatest location and people need to understand she made the choice to live there and others may not be willing to. Also, where's the cost for her condo heat on her monthly expenses. She lives in Denver and it gets cold there.

[@nordicpride9708]

john Valid points and the data would bring clarity.... However, most Americans (about 78%) live PAYCHECK TO PAYCHECK! So even if she sacrificed more than some would by living in a “affordable area”, she is truly financially enlightened. Meanwhile most people don’t even have $1000 for a emergency fund. Keeping up with the jones is a choice we all make. Is impressing people a priority for you? Guess that’s different for all of us. But the point is she applied proven steps to becoming finically independent. We can all take something away from that. Even if it doesn’t exactly play out the same in every scenario across America.

[@Cahluvca]

Move to a cheaper area...if not that the consequences of high cost of living

[@angelikalaser7778]

Such a nice surprise to see Tim and Amy here :) I love their videos Biancas story is not bad as well, lol

[@scottriggle8039]

Its not easy to save with the high cost of living but if you are willing to make big sacrafices it is possible to save. I know a 33 year old who has almost a years worth of money saved. This person has never made more than 50k or 60k in a year but they rent rooms and cheap apartments, they put the money they save on rent in an index fund that gets 7 or 8% per year, they bought a used Toyota Corrolla for 1.2 the price of a new car and its still running 10 years later. This person generally doesn't buy more than they need although over the years they have slowly accumulated alot of skiing and mountaineering equipment and they do go on a week long road/camping trip every summer. Their living situation is not ideal they have encountered a few messy/crazy housemates and one crazy landlord. They put up with a less than ideal living situation because they don't want to live paycheck to paycheck. They are on track to retire at 55, they don't plan on stopping work entirely they want to move to a pretty little town and get a part time fun job.

[@JalenBooekr]

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!

[@chriswalter92]

The people you’re claiming don’t benefit wouldn’t have benefited with or without the private equity buyout. The business was failing before private equity came in, they just more efficiently manage the end of the companies life. Most likely allowing most companies to work there longer than they would have been able to do before.

[@strattamatter]

Lemme get this straight. Lost all her real estate investments in 08' and had to "start over". Bought a house in the crazy Denver market in 14' with cash(?) Cash from where? I feel like I'm missing a piece of the puzzle.

[@ritai7787]

That's six years so if she saves

[@bigpoppa4094]

in 14 the housing was still cheap in denver. It went up about a third since then. "crazy denver market". lol come to the SF bay area buddy. Denver is nearly free compared to here

[@chandradevance2969]

The money from her short sales

[@zacpohlenz5252]

2014 Denver real estate wasn’t nearly as expensive as now

[@marthar.balderas2784]

The simple steps to retiring early is Save. Invest. Achieve financial freedom. I am a single mom, 38 and I am retired. I followed this steps and it worked perfectly for me.

[@stevoewoods154]

Wow! This is so amazing and wonderful I am looking to invest soon also! I got my money saved up but still looking for a profitable investing platform to start off with! What do you invest in Martha thanks!

[@marthar.balderas2784]

Stevoe Woods I do invest in stocks with the help of a financial manager Mr Wilson McEntee, he handles all my investment on my behalf generating high profits’

[@stevoewoods154]

Martha R. Balderas, Ok thanks how can i connect with Mr Wilson ? I live in Norway

[@marthar.balderas2784]

Stevoe, You can communicate to Mr Wilson McEntee through his e-mail📌📌 Wilsonmcentee@gmail•com📌📌📌

[@baruchdorfman1231]

Wow! single mom, 38 and retired!! You are indeed a strong lady just few of your kinds are in the world!

[@Dollsteak69]

UPS IPO in 99. After your in a good position work is 1. Health ins 2. Entertainment, structure, excersize 3. Pocket change. Work, save invest. Start at 18 or earlier. Be well everyone!

[@vertigobridge3024]

She don't mention this, but being fit is essential to this lifestyle as well. It cuts down on groceries and likely healthcare expenses. Not all of us are in that category but it really helps.

[@navjotsinghvirk7449]

she is brilliant and smart. love it

[@LSantiago65]

Love this series. Will you do more of these?

[@oogieboogie8615]

Great motivational video about FIRE and congratulations - you did it!

[@arcticrest8368]

This lady is really doing things right!

[@harriskhan2126]

You're a great person.i have a lots of respect for you .

[@tompain2751]

"Delaying gratification".It is in all financially literate programs!

[@idontgotnothin]

Reduced his spending by $6500 a month. Let that sink in.

[@konami1979]

It's a sign that he was already a highly affluent person in the first place.

[@yvetteshokere2411]

That's probably his mortgage and utilities for that 6000 square feet house

[@RemiXBailey]

$18,000 'income' from 401k account, let that sink in too...6-8% profit of ~ $250,000 401k account?

[@shannone6613]

Awesome to see Tim and Amy, my favorite KZbinrs in this video.

[@rabidfollower]

Suze Orman has famously opposed FIRE. But she is not against working during retirement (like this lady does). FIRE doesn't necessarily mean not working. It means it removes the need of "mandatory work." It takes the pressure off of you having to work all the time and having to have certain income all the time.

[@hot4fi]

Love this series!!! So happy to see Go with less on here

[@FIRE-gr4cf]

Financial Independence Retire Early is a big trend right know. Thanks for sharing your knowledge through the video! Lets become F.I.R.E. as soon as possible! :)

[@enigmathegrayman2953]

Stay off the debt game, limit or have very minimal responsibilities and you can retire whenever you want. This video is extreme, it can be done but requires a lot of discipline and dedication. There’s a difference between delayed gratification and deprivation.

[@wduprevil]

I dont think it's extreme. What's extreme is people taking on huge student loans for degrees that arent conducive to lucrative careers. More extreme yet is the number of people who are taking on huge car loans and mortgages that are too burdensome. This is short term pain for long term gains.

[@stephania4940]

Lili Tom yep my whole generation is going to have a rude awakening when they realize post grad that they paid 100k and sometimes upwards of that for a piece of paper.

[@mylifethaidiy7045]

I was saving 80% of my take home paycheck to, because I saved up and paid cash for my house. That's the key.

[@coffeeandlifting]

Bravo. Our culture seems to dismiss the idea of just putting your damn hands on the wheel and making deliberate choices. Its amazing how empowered you can become financially. Most people could be free in 10 years, but instead they work for 40. When I started paying attention to my finances, I realized I could live comfortably on about 30k/year. That includes a house payment. Now I'm saving/investing every dollar I make over 30k. I'm not living a life of deprivation at all. I'm just not being completely mindless in my spending which is the norm. Ask anyone how much they spend in a month and most don't even know.

[@whatever_it_takes6691]

I need a Queen like that in my life.

[@243wayne1]

NO... You don't.

[@missnlahi]

Join the fire dating site

[@Drew-nv1op]

Hey, it's Tim and Amy from @GoWithLess !!

[@khooboobeng2184]

It is nice to know you are still doing well and enjoying your retirement. Living within your budgeted means is the first golden rule to retire.. Debt free and owning a house. Just nice. Replace all spending habits with nice enjoyable hobbies to enjoy life. . Life is super good.

[@dc1674]

I see stories like this and just shake my head at all the people who say how tough/expensive/ it is or they cant save anything. I live well off 20% of my income and I save the rest. zero debt. how? easy. 2 br apt, older car, dont buy things you dont need, eat healthy, home cooked meals etc. Anyone can do it. just be disciplined.

[@paulngin802]

Amen to that!

[@davecisneros5285]

It's hilarious that "don't have debt, own a home and save money to retire early" needs to be classified as a school of thought or club. That's just common sense.

[@Theogenerang]

Good video. The funny thing is here in Australia the media is now blaming those who save every cent they can for an economic downturn. They say its effectively a consumer strike and too much saving is bad.

[@Cahluvca]

Yep..they want people to consume and rat race that paycheck to paycheck lifestyle

[@ReggieLouise]

Tabubil Yes, they think it’s a problem when we don’t save, then they think it’s a problem when we don’t spend. I think there’s been a lot of over consumerism in the past few decades and it’s better that the many don’t keep lining the pockets of the few.

[@kat9587]

She’s so inspirational ❤

[@spl4028]

Congratulations! Good job!

[@BrendanEvan]

I'm not even sure this is delayed gratification. It's different gratification. Security over lifestyle. Wealth over entertainment.

[@rohanm4214]

dAMN

[@Bigboss-xe6lm]

Nah, not really. I live the same way. But keep 10% of the budget for my bucketlist, like skydiving, ziplining 2km+, traveling by motorcycle around Europe etc. As long as you budget in those things and dont overspend you can live an amazing life even tho you save and invest most of your money

[@jeffc1347]

The 30 year mortgage is insanity and the fact that it is considered normal causes huge problems in society. It inflates the cost of housing, allows people to buy houses that are way too big for their incomes (which increases utilities/property tax/cleaning), decreases density which also leads to affordability and transportation issues in cities. There's literally no reason for this problem other than the constant desire for conspicuous consumption. I have a relatively small house with a 15 year mortgage, people need to put their money where their mouth is to get things to change.

[@aliciacatherineegan]

She’s awesome! Inspiring 😃

[@asadb1990]

this i feel is the proper course of action. she saved plenty that she is way ahead of the game. however, for many people including me, i would find it hard to live on the uncertainty of a side hustle. so you keep working worry free. if you get laid off, you are not worried about paying the bills.

[@commonsenseamerican6702]

I need to find a woman like this for my life!

[@mylifethaidiy7045]

Can you handle the dogs though?

[@yangbestari]

We need an update because her portofolio must be impacted by the pandemic market drop and she must not be flying as often.

[@WifeMommyFamilyJourney]

Wow, well done🙌🏼👍🏼 Not easy delaying gratification that’s for sure, especially if you have 3 kids.

[@robertroach1127]

Beauty, brains, and common sense, killer combination!

[@duthegee]

4:24 60/HOUR?! Wow I didn't know flight attendants get that much.

[@justsnappy]

Capped around 1000 hours per year. So, that’s not a lot

[@txspacemom765]

Stop buying useless stuff, work some side gigs to pad your accounts, know what you truly spending, find joy and be happy!

[@ttr8141]

1. Talk with fellow FIRE people 2. Reduce your spending first 3. Own your car and property outright 4. Side hustle to supplement your income 4. Save more than half of your income 5. Yearly expenses x 25= FI number

[@austinclay1555]

Thank you

[@hassanamghar3031]

I personally never looked at the 4% rule. I just look at the cash flow that I want to live a desirable life. If I want 10k USD after tax as a cash flow then I need to create or hold multiple assets that can produce that kind of cash flow. In the end it's all about the assets.

[@BradPitbull]

REAL NIGGAZ EAT ASS

[@skelatonman]

DimensionZombie and feet!

[@iangrant3442]

I believe in personal development for life. Multi-skilled is key. I love trading. However, she has a winning style. Simple passive investing. 4% rule not for me either because I prefer trading. However, it is very hard to master. This why her way may be best......................

[@spencercampbell8396]

How exactly did she "start over financially at 34" and then seemingly pay off a house immediately?

[@redunicorn7760]

She didn't say that, she said she bought it in 2014, she also saves a lot so she could probably by that modest home within 1 or 2 years

[@RandomAK1]

I thought that also it was the way they filmed this that was confusing

[@TheNotSoFakeNews]

She didnt buy it when she was 34, she bought it years and years later in 2014. The way they edited it was confusing.

[@BobbyKarnavas]

Multiplying by 25 comes from the rule of 72. 4% annual withdrawal 3% growth 72/3 = 24 (years for the principal amount to double) If the interest rate of growth is larger than 3% (Which is somewhat conservative considering an S&P 500 Average return since inception of 9.8% (9.8% minus 4% from withdrawals leaves 5.8% growth) This makes a very conservative estimate for how much money is required to retire

[@blackbeltfinance4026]

On my FIRE journey right now 😎 💰

[@Donato93]

Great if you live in a small town, she has paid off her 30k house. And can ride her bike around the town . Try living in LA , NewYork or settle, as a flight attendant and then make a video .

[@Donato93]

Cbeddoe19 , unfortunately in a perfect world that would be the case. But in the airline industry your hours can change as it is a 24/ industry . And all major airport hubs are in the big cities that cost a lot of money to live. If you want to drive 2 hours each way to work no problems.

[@Cahluvca]

Dont live in those cities...

[@stephania4940]

ALCAN52 so true

[@leodoro8877]

Congratulations on attaining your financial freedom! I strongly recommend that you expand your financial resources library as well as podcast knowledge. Ruthlessly educate yourself as to the destructive properties of inflation and the steady depreciation of your dollar spending power. Use the examples of Venezuela, Argentina, Chile etc for real world examples. Be vigilant, be warned.

[@erikar6001]

Love this!!

[@jeffgoldsmith1679]

These stories are inspirational, I am a recently retired F.I.R.L at 62. Down sizing my house and eliminating my mortgage (will pay cash for my new one) to reduce my expenses. My annual expenses are 80K now and like the guy in the video, I reduced it to get down to 80K. I'll get my expenses down to about 50, maybe 45 if I push it, which I don't want to do. A big difference I see with these F.I.R.E. people is they can't factor in SS, mine will be $41, 500. I only have to suck it up for 8 years until I get a healthy SS pension, F.I.R.E people have to make it to 90 years old with no or very low SS. This may mean living frugally forever. I'm thinking you will all need side hustles to make it work or live like a 20 something your whole life.

[@daniellikahong]

Here in europe the numbers are WAAYYY lower than what I see. An income of 80k/ year is quite a lot in my eyes.

[@moisejl1]

The value of euro is quite different, the cost of living and spending culture is also not the same in europe, Europeans live a different way with their money. If you want to know more and chat let me know :)

[@fingersmcoy]

it is alot. i make fifty and live just fine

[@daniellikahong]

@@fingersmcoy What job you do? :) Just curious.

[@fingersmcoy]

@@daniellikahong electronic technician in a factory.

[@tedb2776]

Get into trading forex. Way better returns over everything else. You need to get a software/Algo that scans and automate your trades. I depend on mine and helps me a lot. I actually make a living off it trading as it earns me a good income monthly. I make about $10k in a bad month.

[@prestokrs1]

"we thought we we're frugal; we had a 6000 sq. foot house". Uhh that's like the definition of not frugal bro!

[@rillyjo5810]

Reduced his expenses by 6500$ a month. Lol

[@Robertking1996]

Rilly Jo he was seriously banking then

[@IgWannA2]

@@rillyjo5810 And ready to retire within a year lol. It's funny to think there are people who have a high income but just fritter it away on unnecessary spending, and end up having to work til 60+ to support that spending when it doesn't actually make them any happier, but the 9-5 job makes them unhappy.

[@BrandonBarberTx]

Well done Bianca 👍🏻

[@cu7695]

Delayed gratification is key. A lot of Asian families live the FIRE lifestyle just don't know that term.

[@Silanghet92]

Moral of the story: make around $40-$60 an hour. Save half for several years and you are on your way.

[@bigpoppa4094]

they showed her income. after taxes it was like 45k a year. That isnt a lot

[@stephania4940]

ALCAN52 awesome! Inspiring

[@thekulture5168]

There is always that one with an excuse for everything

[@joefran619]

Health insurance is the one of the reasons that keep most from retiring.

[@axa.axa.]

@@ALCAN52 bit younger than you and I've been FIRE since 22, have well over 7 digits invested, plus a home. but at the ripe old age of 40 diagnosed with a chronic condition that bills 4900$ a month, my Cadillac plan settles with the provider for 2600$. But now getting personal insurance is less affordable than it would been otherwise, so I still work. Point is you're not financially independent if your not medically secure. Your just playing the odds. That said, I just commented to ask how and where is health care free if you draw 22k.

[@axa.axa.]

@@ALCAN52 oh... Obama care... I looked into that and found for my rather common aliment the treatments weren't convered, then never thought of it again. Truth is I'd prefer a retirement in Thailand or Panama much much more than rely on Obama care.

[@keithfreitas2983]

When of age apply for medicare $135 plus $12.50 for dental a month gets good coverage. A little more if you want additional supplemental. My doctor visits, lab work, specialist and urgent care cost nothing. Drugs are no charge on 1st tier when mail order. Little or no cost from Pharmacy. Little cost on higher tiers. Lot of insurance options out there for medicare. Obumacare is to costly and coverage sucks even if you pay for highest coverage.

[@stephania4940]

Axa Axa how did you fire at 22?

[@mylifethaidiy7045]

true that

[@rachelhagen9176]

this is one very smart lady

[@jasoncarter4343]

Bouncing back after the housing bubble pops... awesome.