STOP BUYING THESE INVESTMENTS?! | 8 Things We DON'T Invest in for Financial Independence
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- čas přidán 18. 07. 2020
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Our Rich Journey - STOP BUYING THESE INVESTMENTS?! | 8 Things We DON'T Invest in for Financial Independence: On our channel, we're always sharing the ways that we invested to reach financial independence. But, we also thinks it's useful to know the things we didn't invest in on our road to financial independence - because what you don't invest in can be just as important as what you invest in. In this video, we share eight different investments that we didn't (and don't) invest in and we explain why we don't invest in them. We're hoping it will give you some food for thought as you create your own unique investment plan for financial independence.
▸▸▸Check out some of our other videos!
$200K Homes In Portugal | See What $200K Buys You in Lisbon, Porto, the Algarve & Central Portugal:
• $200K Homes In Portuga...
GOLD - Are We Investing In Gold To PROTECT Our Early Retirement During This Recession? - • GOLD - Are We Investin... .
How to Live Off Investments & Retire Early | Our Seven Account Strategy for Financial Independence:
• How to Live Off Invest...
Money Moves to Make In Your 30s to Retire BEFORE Your 40s:
• Money Moves to Make In...
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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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You guys are so likeable...there's something so peaceful about your demeanor and speech...unbothered in that good, contented way. Blessings to your family!
I agree!!
Indeed they are!
I know she has such a friendly face - I like people like that
100% honest and real. You guys rock.
I collect comics ...since I was 12 years old and I have just sold xmen #1 in good condition for $37,000.oo Canadian not bad for a ten cent investment 👌.
You are lucky and finding a buyer
Finally found some skills to keep me busy during this pandemic lockdown quarantine.
Tired of doing nothing
@@johnallen1210 Well said 👏
Guys, you two must be so proud of your daughters. I just finished watching their first video on their channel. They are both so articulate, funny and mega interesting to watch. Great to see two kids so knowledgeable about money. God bless your family.
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Your best long term investment...educating your daughters on financial responsibility. Unlimited rate of return. Well Done. BTW...just subscribed to a new finance CZcams channel. These two young ladies are going to give ORJ a run for the "money." Very cool. Sharing it with my nieces/nephews.
You both have that "it" factor which makes you guys so easy to watch and listen to. There is not one video from you (and your two amazing kids) that I didn't watch from start to finish. Thank you for being of service to us your fellow humans.
I’m so thankful for you both and all of your content. Thank you for sharing! You’re amazing and I wish you even more success in your future. Please don’t stop what you’re doing.
I’m just starting to invert, today was my first day, started with about 1k in VTI, I don’t have much that’s why I can’t add more, but I will try bit by bit, just thinking today if I would’ve invested what I wasted on video games, but sadly I didn’t know how to do it.... now I do I’m planning on continuing this journey with you guys!!! :)
I just watched the channel of your two daughters, Wow, they take after you Amon and Christina very engaging and clear. Good luck with the channel, I subscribed and gave it a thumbs up!!
Thank you guys!!! This reality check was much needed!
You guys are simply the BEST CZcamsrs when it comes to money tips. Thank you for being so straightforward and honest. I just subscribed to your channel : )
Great topic! Thanks!
OMG!!! Will you please make a whole video about "Life Insurance" more.. All about it , why WE SHOULD get one or why WE SHOULD NOT get one. I'm now confused. Because I just newly got a life insurance, i paid 1 month, and now hearing you not investing in it is like 😩
Please enlighten us more of what you think ABOUT LIFE INSURANCE.
What I love most about you two and this channel is that you never bash anyone if they don't believe in what you are saying or your investment strategies. You alway emphasize that THIS works best for YOUR family and why, BUT it may not work for another family and that's okay. And why it's important for others to do their own research and see what works BEST for THEM and their financial goal. You guys are awesome!
Very informative. Thank you for educating us. God bless you and family.
This is GOLD right here. Thank you so much. Many Many blessings.
Great advice on the annuities! Thanks!!!
Oh my goodness!!! This video is right on time! I have been researching whole life insurance because of the so-called cash value and hyped up velocity banking. It was tempting even with higher premiums but now that you have explained it the way you did I see why I shouldn’t. love you guys!! Thank you so much!
Another great video! I completely agree with your conclusions and you articulated the underlying rational so well. I’d love to see you comment on diversification outside the US stock market?
You two are such an inspiration! Not just any Power Couple!!❤🙏🏽❤🙏🏽
Another great video guys. Thank you so much. I’m so glad you addressed some of these issues in a straight up honest approach. I could not agree more with you but so many new investors get caught up in these scams.
Thank You for this information! Take Care
I love watching you all’s videos!!!
Thank you very much!!
Wow that’s amazing I’m so glad to hear about your daughters channel!❤️❤️❤️
I'm binge watching your videos again. Thanks for this info!
I'm so glad for the junior channel, just forwarded the link to my 12 year old grandson. Thank you all for the great video's.
I love this video. You are reminding people that it is about staying diligent and focusing on the end game, not getting lucky with some random nuggets.
You summed it up perfectly! Thank you!!!
Love the new channel! What a gift to the next generation!
Just watched your children’s 1st video and I’m impressed. Will definitely share their page with my children. My husband and I are always encouraging our children to have an entrepreneurial mindset. Maybe this can spur them on. Congratulations to your family on all of the success and wishing continued success. Love both of the channels and learning so much. Thanks for sharing.
Solid video, great information!!
Thanks for the great information.
Hey I'm a big fan of your channel and your overall philosophy on life. I would love to have you on as guests on my new show! Please reach out if you're interested!
I'd love to see that happening! Fan of both channels
Yes please!!! I'd love to see that 🤩🤩🤩
Check out our daughters’ (ages 11 and 13) new financial independence channel: Our Rich Journey Junior!!!: czcams.com/channels/gjz9J571V634adHtbyb8JA.html
Make sure to subscribe!!!
Already did, my son was happy to see children that look like him speaking on finance.
I wish I'm 11 or 13 again :(
I look forward to my 5 and 7 year old in following your kids channel! I wrote a fun illustrated children’s book to aid my kids in the comprehension of money and savings. However, Since my kids generation is loving youtube, Your children’s new channel is just what I need to crack the code to getting through to my kids and their knowledge of “smart money”....thanks guys!
Whats your opinion on financial apps ? webull, robinhood .
I know you guys did a video (or two, or three....) on *which fidelity ETF's* you're invested in. Are you ever going to update that info again as to help newcomers clue into what you're invested in/really like/and constantly depositing more $$$ into? (i'd like to set up tracking/charting them per history on these specific ETF's to gain better perspectives)
Also, methinks that it would interesting if you discussed broadening portfolio ideas per other ETF's you've been maybe watching/charting/tracking and considering investing in as well.
Keep up the "Rich Journey" as 280K subs (& growing!) are following, dependent upon you for hope, inspiration, and instruction. All the best!
Very informativ and interesting! I love you guys’ lifestyle and freedom
Thanks so much!
Love your videos. Thank you and best wishes to you and yours. Keep the great work you have done.
Awesome advise!! Get rich slowly with patience. Thanks
Glad you made a new channel for the kids, they will be the pioneers in educating our young generation. thank you
I always learn something from your guys videos!
Thank You!!!! "Our Rich Journey," My wife and I just joined your Academy!!!!!!
Beautiful family and I am excited that your girls started their own channel. I have a 5 year old and we are definitely starting to teach her financial empowerment
You two are great! Thank you!
Love your channel! Could you make a video about how you decide to take money out of your accounts? Which accounts/funds do you withdraw from? Thanks!
Love your channel, and has been forwarding it to everyone I know.
Regarding an option, I use it to generate income. I don't buy puts or calls-I just sell them. And I sell options against stocks that I already own, or stocks I want to buy. However, no naked option, also known as an "uncovered" option.
Fantastic video again. You changed my life since I started following you. Keep up the good work.
You guys are amazing! I jist love you for your wise ideas!
I appreciate you guys!
Many share about what they do invest in, not everyone shares about what they don't invest in. Thanks for sharing.
Thank you!
Thanks for your opinions on whole life insurance. It was a real eye opener.
Valuable advice. Thanks a million.
Glad it was helpful!
I always click like even before I watch the video, cause I know I’m going to like it!👏👏
Your kids! I just watched their first video and subscribed.
I LOVE IT. They're terrific!
It is so important that kids learn about money. Financial ignorance is crippling and so many people learn the hard way.
I'm really looking forward to these videos and as always; MORE ABOUT PORTUGAL, PLEASE!
Great video! What is your view on international stock index funds and how they can/should fit in a portfolio?
Helloo!! I have just discovered your channel and I will be following you and the kids from now on. I am a portuguese living in Africa, and hoping to return to Portugal one day. Thank you for sharing your journey, I really think you guys will inspire me and my family to reach financial independence. I wish you a great journey in Portugal!🇵🇹
Good morning ORJ!! Love you guys! Hope you all are well.
Good morning to you James!!! :)
love you guys .made things so easy to understand thankyou
Aww, thank you Gardenia!!!
One person from my family collected comic books and original paintings of comic pages bought at auctions... yes you're right he also paid fees for a bank safe to hold them precious pages secure. He took loans to buy when something special would come up at the bids. Then one day he needed to take a mortgage and had to sell a lot at loss to pay off that previous loan... in his 50s...
Your advice is priceless and can change lives!
Thank you!!
Hi there Angela! Love to see your smiling face!!! :)
Love the advice.
Great video! I definitely social distance from any insurance salespeople and financial planners 🤣
Yea 50 feet of distance
I look forward to your videos each week.
Your advice is really great, vast, balanced, concise. One of the best and much better than much of what you can buy for money (books etc). I'm so grateful for that. And you are so practical and clear and without moralizing or ideology. Have you ever thought in putting this all into a book or other media for sale?
Always look forward to your videos...
We appreciate that! Thanks so much!
Fantastic content as usual! Now, what time of life insurance do you guys recommend, whole life or term and why? Thanks in advance for your answer! 🙏
You guys are awesome!
Man! You guys are completely on point!! You would make millions with your own syndicated show discussion all these topics. I really appreciate what you put out.
Alfonzo - you are too kind - thank you so much!
Man I love y’all! Thank y’all for putting my wife and I on to our journey 🙏🏾👍🏽⚜️🖤
So glad you're on the journey Derrick!!! 💯
@Our Rich Journey
I just bought VTSAX. There's an option to choose to reinvest the index fund. Did you guys choose that option?
So agree with your assessment! Re antiques I did buy some of these years ago since I thought they would be nice to have. But tastes change and I paid for some at the top of the market. So while I enjoy them, they were not an investment. 😊
Thank you
Thank YOU!!!
I am going to forward this to my teenagers!
That's fantastic - thank you!!!
Please do. Also warn them about the historical data of cryptocurrency and options as it is hot topics in youth investors. These are extremely risky instruments that should not be used without practice.
Christina your hair looks amazing! LOL the insurance salesmen always come out of the woodworks. Mike and I have term life insurance as well and we actually learned about it from Dave Ramsey courses. Thanks for mentioning it in this video
This is some of THE BEST advice I've ever heard. You give the reasons why an investment is risky. I think I can learn all I need to know from y'all. Thank you so much for all this wonderful financial information. New sub! Penny stocks? Ugh.
Another awesome video
Thanks Richard!!!
Thank you for this video. Whole life is what I kept focusing on. Thank you for the honest clarification.
amazing video love u guys keep making great content
Thanks so much!!
Congratulations to your girls for starting with a CZcams channel.
Will love to watch them as well. Thank you for the informative video always 😊
Another great video! I would like to listen to your lessons too. Do you guys have a podcast?
You all are so amazingly enlightening and informative. Greatly appreciated. What city do you live in Portugal it’s beautiful. So ready to leave the US
Amazing video!
Thank you!!!
I do agree that my collected stamps if converse to stock might give 10 times return. Anyway I have got some habits (eg. Perserverance, details discrimination skill) that valuable for my career too.
I will never understand why whole life insurance is so controversial. I have recently found you guys and I love what you have have done and thank you for sharing your journey. Enjoy life in Portugal! And enjoy the mild weather!!
Wow! after asking about life insurance in your other video this video played next. Thanks for educating us and i will try to get rid of some of my 3 different kinds of life insurance.
This is exactly how I feel about the investments you mentioned especially whole life and VUL. Now I have more ammunition when Im debating my family abt these investments.
Very wise words guys! As usual 😊
Great to see the girls’ new channel! Spread the news to the next generation
Yes! Thank you Sarah!!!
Hey Guys, I love your channel and the solid information you provide. I agree these choices are too risky.
Thank you guys so much for sharing. This was indeed a GREAT video. I have tried and/or looked into all of the investments you mentions and it was very refreshing hearing your explanations about why you two do not invest in any of the investments you mentioned. Thank you again!!!!
Which term life insurance is good? Do you have any suggestions? Thank you so much for taking the time to post all the educational clips.
I have been following your channel for a while, you truly have done all the leg work and have reasons for everything you do, that is what we all should be doing. Each of us have our own journey to reach financial freedom, we must educate ourselves and not simply be copycats, Thanks again for sharing your thoughts and provide guidance.
Great video as always Amon and Christina! Wished I would have seen this years ago before I got burned with pink sheets in the OTC market. Keep up the great work! Saw the kids video, would spread the word!
I love these two man
Great advice once again, with really detailed reasons behind your actions. Always love your videos, you guys are naturals. How's Portugal treating you? Im sure you love it as it's in Europe. My wife and I love Europe and expect to retire to Spain or Portugal in the future! Thanks again for the great content.
Hi. Thanks for the videos. Can you make an easy to understand video about investing with Vanguard? I am new to investing and I am watching videos to try and understand how it all works. I find your videos easy to follow and well organized. Thanks!!
I love you guys!!!!
Thank you for this video! I did ask my husband if we should invest in Bitcoin and he said the same thing as you guys....it’s too risky! Thank you for the right confirmation. 😊
Me: 🥶 Watching the video hoping I hadn’t invested in any of your topics. Thank goodness I had not! 👏🏾Thanks for the check-up!!!
I like this topic since we see videos about what to buy all the time 😃