Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of it!

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Books that have helped us on our Financial Independence Journey
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The Bogleheads' Guide to Investing: amzn.to/2UjEc4j
The Intelligent Investor: amzn.to/2MKGokh
A Random Walk Down Wall Street: amzn.to/2zIVI8p
The Book on Rental Property Investing: amzn.to/2UkwgQ6
Building Wealth One House at a Time: amzn.to/2ZJQuDW
Rich Dad Poor Dad: amzn.to/2ZD29IK
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The $100 Startup: amzn.to/2UnBpqK
Freakonomics: amzn.to/2HCnDeJ
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Our Rich Journey - Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of It!: Are you managing your own investments or considering a financial advisor? It’s crucial to be aware of the tactics that financial advisors might use to win you over. Many investors lean towards professional advice without fully understanding what’s at stake. In this video, we uncover the common strategies used by advisors, highlight the importance of financial literacy, and encourage you to compare managing your own investments with hiring a financial advisor. Watch to learn how to spot these tactics and arm yourself with the knowledge needed to make informed decisions about your financial future!
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We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
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#FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly

[@OurRichJourney]

▸▸▸SPECIAL ANNOUNCEMENT: Enrollment for our 365 Days to FIRE Program is now open for the class of 2025! Enroll now and get 50% off the full price. Spaces are limited! Learn more at: www.365daystofire.com/

[@truesurf]

53 year old average guy here in the double comma club. What I've learned when it comes to money....NO ONE IS YOUR FRIEND or has your best interest in mind. Learn as much as you can and manage it yourself.

[@daystar73]

Absolutely...👏

[@steve99912]

So true nobody cares more about your cash than you.

[@bpalm7428]

truest words ever.

[@sheenayaj1700]

💯

[@LuiggiChampan]

I agree! And no one knows your money better than you!

[@claudinekent5823]

Best decision I made was to take control of my own assets!

[@daisyreinacher5022]

Me too!

[@qeinfinity]

Me too!!

[@hulkman4004]

If you got 2mil without one then i say you dont need a financial advisor. You are one

[@Arun71150]

Right!!! Multiple millions, not just 2. Lol. FA saw chaching!!!

[@deanrotering879]

My friends told me the same thing so I decided to keep on my own.

[@augustdelacreme]

Fr fr

[@mjs28s]

Um...because you have millions doesn't mean you know about investing. One could build that wealth with a small business selling widgets. Then you sell out a decade or two later for $5,000,000 and you know nothing about investing....now what? Maybe you start out in your 20's as a plumber and then build a nice business and sell that off decades later for $10,000,000. And now what - you spent your life and career being a plumber and then running a plumbing business. What experience would that give you with all the other things that a CFP knows about and has to plan around and work with? Look at all the wealthy people and high earners that Madoff scammed. Strange again. Seems like having built up a large amount of money / assets doesn't mean that you know anything. Madoff's firm was self clearing. That would have been the first thing that should have made anyone run to the hills but rather they threw money at him and his firm like he walked on water. In this case they are very sharp, but that doesn't mean that you still know everything and have no need for advice. The CFP that I use for one business account simply asked me a question that ended up saving several thousand dollars of income taxes that, had I not had him and had that question not come up the play that I then made would not have been uncovered. Plus, through him I have access to all kinds of other things: private placements (VC, private reits) and other investments that most don't even know exist. That said, 1% is too high as I would think at the level of that one account alone that they would only have to pay 50 points and not 100. Now, I am talking about using a CFP, not a Financial Advisor. A CFP is a financial advisor but not all Financial Advisors are CFPs. There is a difference. But if one needs a CFP or FA, fee only or find one that you can use once or twice per year for an hourly fee and have an update meeting where they give you ideas to consider and you be the one to execute them if you wish.

[@seanbrown2361]

Make a whole video explaining why you didn't go down the route you were planning

[@jmr2594]

I used a financial advisor in the past to manage ETFS and Mutual Funds in Nj. In 2 years he changed barely anything so when I called him and started asking questions he called me back stating I was calling too much and asking too many questions. I then stopped using him. I also found out that the retirement account he was suppose to manage he had no access. I will never use a financial advisor.

[@jay_stack1270]

Wow!! 😂😂 so all these while he was just taking his fees..that’s crazy

[@MTXSHO9732vV8SHO]

👍😆👍 Stop calling about YOUR MONEY

[@glasshalffull2930]

Hey,HE’S the expert!!! Just shut up and give him his commissions!!!! (Joking of course)

[@genxx2724]

I would get the fees reversed on that retirement account.

[@lindamaag3541]

We manage our own monies! My experience with financial managers has been financial bullying. Exploiting me and friends was their approaches, too dumb to manage our accounts. The Lincoln person told me he would put my monies in an American fund, charge 10%, and I wasn’t to bother him after I gave him my monies. Ouch!!!!!! Stand up for yourself. It is rare to even make 10% profits year over year. You guys are Great!!!!!!

[@thejourneyofraymond5752]

Hi, I'm interested in hearing your thoughts on way you all decided not move forward with the securities backed line of credit.

[@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

[@barbaranichols566]

However, how do you borrow against your assets? Please do an video.

[@jeremyhicks2449]

Exactly why I managed my own money.

[@OurRichJourney]

So true!!!

[@PaulProsperInvestments]

Always cracks me up how someone working a 9-5 thinks they can "teach" folks who retired early and living off their investments how to invest. He knows there was nothing he could do for you guys investment wise and simply wanted that commission fee.

[@melaniesmith1928]

Right! 😂 Sir, we did this without an advisor. Don’t do us any favors with your ‘help’.

[@lataraashley9143]

Thanks for using your experience to warn us 😮

[@respectfullytruthful]

The shower scene 😂😂💀

[@OurRichJourney]

😂😂😂😂

[@victorc2786]

Thanks for all the great advice you give, Love ❤️ you guys.

[@westcoastmediasolutions]

Yes please tell us what you guys decided to do to finance your next property purchase.

[@TiagoRamosVideos]

Great video! Thanks for the heads up 🙏

[@blascarmona6613]

Thank you for sharing!

[@betterme479]

Really appreciate this video! Thanks for taking us along on your journey ❤

[@irene8013]

Thank you for sharing, very helpful info!

[@mannyaleixo4402]

Well said thank you for sharing your experience. It’s appreciated

[@hopedodson8058]

Yes- would love a video about securities backed lines of credit.

[@aracelireyes999]

J L Collin's book would agree with you, " Manage your own money." Thank you guys for everything. I am at the very beginning of my journey.

[@OurRichJourney]

Yes! We are definitely in favor of managing our own money!!!

[@TYJ419]

Thanks for sharing your experience. Yes, would love a video and why you changed your mind about the line of credit. Tracey

[@sidandsof12]

I’d like to know why you didn’t go through with the line of credit. Can you post a video about it?

[@ML-dj8fq]

Thanks!! Please talk about securities backed line of credit

[@shalakataneja8686]

So true! I had the same experience recently.

[@Lissa1988]

Another great video. This one definitely hit home for me. When we pulled our accounts from our previous advisor, he used several of these tactics. They definitely hate when you are an informed client.

[@aracelireyes999]

37%??!! Wow, you guys are amazing.

[@OurRichJourney]

Thank you! 💕

[@evanrousseau8666]

Magnificent 🎉

[@angelromero8076]

Thanks for the content, very informative and helpful.

[@faqu529]

The Advisor was doing the Bird Man hand rub while conversing with you all. Glad you all stood on business!👏🏾👊🏾🙌🏾

[@TheSponsorPodcast]

Joined the journey last month! Thank you for providing clarity and a path to FIRE!

[@IRun4Ever2]

Thanks for sharing your experience with the financial advisor.

[@feliciaflinders]

❤❤❤ thanks for sharing 👍. Also the loan against value of portfolio is good insight to mitigate tax. Clever idea and very smart.

[@NursesToRiches]

I love this video and always enjoy watching you two together.

[@rogeliofernandez6266]

Thanks for posting content about FIRE! Its hard to find recent videos on it

[@JenniferBelong-is7je]

I appreciate you sharing your experience - thank you

[@MrTofu13]

I want to keep my money too! Thank you guys for all the knowledge!❤😊

[@marcshaw6811]

Yes please explain how you pay the securities backed loan .

[@videolife101]

I’ve been looking into SBLOCs as well. Very useful tool.

[@VNAV_PTH]

LOL, used car dealership vibes 😊

[@OtrosCauces]

Interested in your take on the stocks-backed loan and what did you do instead

[@actionvj]

🙏🏾 This video is awesome. While I don’t have that type of money, that makes it even more important to make every penny count. I appreciate y’all sharing your experience. It’s great knowledge for me to have and many others, I’m sure. 👍🏾

[@NeilLevalier1]

Great video! This was also my experience exactly.

[@symplybeingme]

Another eye opening video. 😊

[@lewishamse6]

Great video very insightful. I plan to always manage my money. Like they say "Knowledge is power". Thank you for reinforcing my own opinion.

[@ImaAHol]

Please do a video on the securities backed line of credit!

[@paulainocent622]

Great video!! Thanks for the walk through tactics. Thanks for increasing financial Literacy.

[@vgb10dst]

Excellent video!!!! Always deliver!!!

[@marjorieantoniou2836]

Security lined backed credit sounds interesting please share. Thanks!

[@ramez1884]

Great video! Would love to hear more about the securities-backed to line of credit

[@MTXSHO9732vV8SHO]

Yes indeed.. It's the NEXT LEVEL. That IS how it's done (SBLOC).

[@willmallory9085]

Excellent video Team, thanks for sharing.

[@OurRichJourney]

Hi Will! Thanks for watching!

[@TrailtoTrailTom]

Looking forward to the video about your path/experience getting the Security backed investment.

[@rickb5275]

Love your channel. I’d love to understand your thoughts and reasoning why you did not choose to go with the line of credit

[@nalynegunggavakin9682]

I totally agree with you and had the same experience from well know financial advising places. I tried let one manage an IRA and they totally underperformed in a bull market. They obvioulsy didn’t rebalance it. Please do a video on Pledged Asset Line of credit.

[@PeaceBeginsOnYourPlate]

Great video! Thanks for sharing! I'm curious in learning more about why you chose not to go with a securities-backed line of credit. Also, speaking of tax-loss harvesting, what are your thoughts on robo advisors like Wealthfront? Would love to see an updated video on your thoughts now on robo advisors like Wealthfront.

[@elliottpaige]

This was great! Thanks. Looking forward to your video on securities-backed line of credit. ❤

[@ginahill6621]

Thank you 😃😃😃😃😃

[@mikejones3078]

Great info

[@skvirk2669]

Best video! Thanks guys.

[@Chachou18711]

Thank you for your advices. I started my journey 5 years ago. From zero to 300 000 euros on stocks and index funds. Thank you for the motivation. A French suscriber !

[@nalonnimadden4730]

So is this course different from the previous one and we would have to buy again?

[@samuelawosolu1485]

This was a great video! Please create more videos like this that expose how some financial advisors at banking institutions may not have your best interest when it comes to managing your money. Also I would like to know more about how a securities backed line of credit works. Sounds like the equivalent of taking a HELOC on a home.

[@dianesalvatore5018]

I would like to hear what you think about the securities back LOC.

[@brian7110]

Yes please explain the SBLOC! Thank you!

[@chicatita4753]

Yes, can you please talk more about security back line of credit? And if you dont use this then how can you use your $ to buy real state for example without paying high taxes? Thank you!!!

[@jonnom6528]

so happy to see you two continue to grow it was years ago i watched one of your videos on index funds and now look where youre at!

[@saikatbanerjee9612]

Please do a video on the Securities backed credit line! Thanks!!

[@SelfcarewithAtem]

Very good points 🎉

[@PhilomenaAgbanyim-Oragui]

This video has been a life saver,thank you guys for such wise advice❤

[@user-br2zp3bk6f]

Enjoyed your video. There are very few financial topics that are both original and relatable to where I am on my financial journey and this video is both. I wrote myself a note to start researching "securities backed line of credit" and so I would encourage you to have that topic in a future video.

[@larettaadams1866]

Thank you. I learned about this in your program a couple years ago. It was the best.. 365 Days!!!

[@smokeyhat]

Thanks for sharing the advice guys. I would certainly walk right into this trap in the future had I not seen this. Keep doing what you're doing to increase the awareness of the uninitiated like myself. ✊✊

[@isaacchavez7121]

Definitely want to know why you didn’t go with the security backed loan

[@tonimartin1344]

Thanks this is so true. It happened to me. That is why I haven't used an advisor in 20 years.

[@teribond7808]

Very helpful information! I have fallen prey to those type of tactic in the past. Would be interested in seeing a video on securities backed loan. Thank you!

[@sidandsof12]

Haven’t heard “scanless” in years. Took me back. Love ya guys!

[@autobotdiva9268]

i busted out laughing and Amon said it hard!

[@candecarro]

This is by far your BEST video ever!! So true AND entertaining!!

[@hn7461]

Wow!! Amazing 37%!! 🎉

[@MK-ut8ik]

I would be very interested in the ways you leverage, investigating it myself, the securities line of credit and so forth. Do you elaborate on that? And yes! Great advice regarding financial advisors, I have used them in the past and lost a ton of money at their grezzy hands. most are crooks and are NOT looking out for your best interest

[@lynebynd-wd5zz]

Thank you guys so much. I jist went through this same situation but my account is not at 7 figure range as yet.

[@02nupe]

QUALITY CONTENT!!!

[@DanTran-uv3rg]

Interested in the securities backed line of credit video :D

[@varup7483]

Thanks a lot you guys! I learnt a lot from you! I appreciate your kind efforts educate people on financial knowledge which we never learnt in school! Kudos!

[@rosealapatt1315]

I am interested in knowing why you did not go forward with the credit. Thanks for these insights. I always remember what you have said in some of your earlier videos about the percentage charges by fin advisors- it would only make sense if they charge a fixed fee.

[@steve-ml4du]

Great video. I would be interested in hearing more on securities backed line of credit and your reasoning for not going with it.

[@brinho109]

What alternative to the securities backed line of credit did you all use, if any? Great video.

[@glyeki]

So glad we took your financial course years ago guys! You gave us the skills to be able to create and navigate our portfolio without a Financial Advisor and laugh at the few we have had to talk to while experiencing these same tactics. Knowledge is Power!

[@VincentCloutierMtl]

Thanks again for your videos. That one is so good as everyone has lived or will live this at some point.

[@BrunissimoArt]

As always thank you both for sharing your experiences with us! Helps us stay on our toes! It would be cool if you guys made a video about securities backed line of credit next! One question I have is if a person has some amount invested with VTI and another chunk with VTSAX, would the broker only consider one of those accounts or would the broker factor the total amount invested between the two investments? Anyway thank you as always Amon and Christina!

[@sonja8942]

Very interested in why you decided not to go to the securities backed loan for real estate purchase. Also is the purchase of your 3 other properties primarily to rent them out or is it to sell them at a profit after improving them?

[@lvon2844]

Oh yes please do dive into the taking loan against your Investments this has been a big problem we need to discuss it thank you very much good on you too so inspiring and I'm looking forward to you two developing a chat GTP app kind of co-pilot so when I get up in the morning you can help me make healthier financial decisions I'm a nerd when it comes to Automotive and you guys are definitely Financial nerves it isn't easy for me to think your way but I noticed the same problem with I expect everybody to be able to understand what I'm doing with cars I don't need another car at 7:00 right now I should be investing my money but the minute I start to try to follow your guidance I go blank where an app could lovingly encourage me and get me to start following your guys's wisdom

[@johnsode17]

You guys were spot on with your reveal of their tactics. I can attest they pulled the same with me. Of note, .1% of $100 is 10 cents , not one penny, but you made your point.

[@kckuc310]

Very good video!

[@deniseweideman1974]

Thank you two lovebirds for showing us all how it is done.... been following you for a couple of years and so proud of your success... and your wonderful advice... all the best

[@justgio23]

Guys you are the best! reason why I'd been following you since you started. Thank you so much because I keep learning from you. You are my favorite and my best! With your course I learned how to invest!

[@pall5114]

always inspiring, congrats. do you have a video on how you managed 37% last year, and what funds/ETFs you are invested in?. To your point, I have not had much success with financial advisors and could have done better on my own invested in S&P fund. Thank you,

[@goggles-fb7cx]

Superb analysis of sales tactics. Useful to know for any purchase. A great resource for sales people also! Would love to hear your take on financial advisors for after retirement. Spending down, health care and so on. Particularly since some of this may not apply to you.

[@traceyilene4531]

This is good stuff!

[@letschatfamilyfinances]

This was hilarious! Thank you for sharing!

[@kimdav111]

do you have video on securities backed loans? How much do you need to have to do this? What did you do because you did not want to incur large capital gains to make a big purchase?,... I know about harvesting losses.