Fantastic information Rob. Between all your videos and now the book, I've learned so much and have been able to fine tune our investments! Keep up the great work. Thank you, Steven
I always have to laugh at the articles that ask if the FIRE movement is dead after a market downturn. The FIRE community is better equipped than most to weather the storm.
One of the best video I have seen till date. It gives a brief concept and packed with tons of resources. Thanks for all the good work. I on boarded into FIRE starting of this year and is at 61% savings rate. Every month its getting better and better. This is due to work of all you guys which are spreading their knowledge in helping us. Thanks again.
I would also factor in the growth that comes from staying in the workplace. For most people that stick with their jobs (at least for careers that require college education) salary growth probably outstrips passive investments, and certainly all but the luckiest speculative investments. Unless your job is actually making you miserable, it's worth it. I just started the final 10 years of my working life before retirement, and I'm shocked at how much this final time is paying off.
Thanks for your video. You should consider doing a book review of J.L. Collins "The Simple Path to Wealth." He advocates investing 100% in stocks (specifically S&P index funds) until you retire.
It used to be a hot topic one or two years ago, but recently we don't hear FIRE much, especially when the market is down and we are in recession. As matter as fact, I start to see articles about some FIRE people who return to work again. While I am sympathetic to some FIRE people who quit their job because the working environment was so toxic, personally, I don't think FIRE is suitable to majority of people.
What's your thoughts on the MarketWatch article where the creator of the 4% rule said it should now be the 5% rule and that the 4% is only if you retired in the worst possible time in history. I feel that the FIRE people work so hard and are so sharp with finance they will earn money in a fun side hustle during retirement and they will adjust their spending during market downturns.
you all prolly dont give a shit but does anyone know of a tool to get back into an instagram account..? I somehow forgot my login password. I would appreciate any tips you can offer me.
Thank-you so much for your information.; I was precised, informative and with an informative tone. Would it be possible to do a review on Betterment? I am new to investing and I would like to know your opinion and analysis for Betterment.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Hello, I'm a bit confused- so I'm 30- I'v got 1.4m and 300k debt- 15 year mortage monthly spend is 4k- Once mortgage drops off it be 2k- anyways 15k a year after mortgageis gone at 35x15- it be 600k- but with debt- i'm looking at 50kx35= 1,600,000- So paying off the house early i'd ahve plenty at 1.1m not paying off the house i'd be 200k short.
5:38 God bless your mom. What a hero! Much respect to all the teachers out there.
Fantastic information Rob. Between all your videos and now the book, I've learned so much and have been able to fine tune our investments! Keep up the great work. Thank you, Steven
I always have to laugh at the articles that ask if the FIRE movement is dead after a market downturn. The FIRE community is better equipped than most to weather the storm.
More great info! 4:31 is especially interesting.. Anyway, watching the whole 4% rule series. Great knowledge..thanks for doing these!
One of the best video I have seen till date. It gives a brief concept and packed with tons of resources. Thanks for all the good work. I on boarded into FIRE starting of this year and is at 61% savings rate. Every month its getting better and better. This is due to work of all you guys which are spreading their knowledge in helping us. Thanks again.
Also I would like you to make a video on Bill Bengen 4 percent rule original article and how its evolved now.
Man you are kicking out the vids...thanks
I have recently found your channel and I love your videos. The information and your point of view is fantastic. Thank you so much for what you do!
I would also factor in the growth that comes from staying in the workplace. For most people that stick with their jobs (at least for careers that require college education) salary growth probably outstrips passive investments, and certainly all but the luckiest speculative investments. Unless your job is actually making you miserable, it's worth it. I just started the final 10 years of my working life before retirement, and I'm shocked at how much this final time is paying off.
I've been watching so many of your videos! I hope to keep watching, it's all very informative. Thank you!
Thanks for your video. You should consider doing a book review of J.L. Collins "The Simple Path to Wealth." He advocates investing 100% in stocks (specifically S&P index funds) until you retire.
It used to be a hot topic one or two years ago, but recently we don't hear FIRE much, especially when the market is down and we are in recession. As matter as fact, I start to see articles about some FIRE people who return to work again. While I am sympathetic to some FIRE people who quit their job because the working environment was so toxic, personally, I don't think FIRE is suitable to majority of people.
What's your thoughts on the MarketWatch article where the creator of the 4% rule said it should now be the 5% rule and that the 4% is only if you retired in the worst possible time in history. I feel that the FIRE people work so hard and are so sharp with finance they will earn money in a fun side hustle during retirement and they will adjust their spending during market downturns.
you all prolly dont give a shit but does anyone know of a tool to get back into an instagram account..?
I somehow forgot my login password. I would appreciate any tips you can offer me.
Did the 4% rule consider social security? If I can live on my savings to 70. The social security can cover most of my expenses after that for ever.
Thank-you so much for your information.; I was precised, informative and with an informative tone. Would it be possible to do a review on Betterment? I am new to investing and I would like to know your opinion and analysis for Betterment.
Calculator-Withdrawal rate. Why would one make withdrawals prior to retirement?
Do you include company match on 401k in your income/savings rate?
Yes, although you do have to consider whether it's 100% vested and if not, the odds of you staying at the company until it is.
What about other goals like child higher education
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Hello, I'm a bit confused- so I'm 30- I'v got 1.4m and 300k debt- 15 year mortage monthly spend is 4k- Once mortgage drops off it be 2k- anyways 15k a year after mortgageis gone at 35x15- it be 600k- but with debt- i'm looking at 50kx35= 1,600,000- So paying off the house early i'd ahve plenty at 1.1m not paying off the house i'd be 200k short.
Yes