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Books that have helped us on our Financial Independence Journey
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The Intelligent Investor:
A Random Walk Down Wall Street:
The Book on Rental Property Investing:
Building Wealth One House at a Time:
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I just want $100,000 to live off dividends…lol. I started a channel The Gatlinburg Hussey if you'd like to check out 🙏. That may help me one day ..lol. Gatlinburg'TN USA
You hold REITs in a taxable account? I thought you shouldn’t hold REITs in a taxable account
Do you guys know best way to find a good Reit? I use Fidelity and I still need to read a lot about them.
You mentioned investing in sector ETFs and REITs. Do you have a video that breaks down which ones you recommend? Thank you for the content it's amazing by the way!
I’m YOLO a million into TSLA it’s dirty cheap right now
Love your content. Can you go into more specifics on custodial accts eg tax implications and do the kids need to have a little job to open/maintain them
What financial literacy books do you recommend?
I'm scrolling through comments so this may have already been answered but which financial institution for the custodial account and what should the $71k be invested in?
I Love your content 😘
I have a 2 year old grandson, is it too early to open a custodial account for him?
I agree with everything you said apart from putting a lump sum amount into an index fund. What is going on in the market currently is a good example of why it's safer to DCA. If you're not a disciplined person then a lump sum investment would probably be better.
Interesting…I always imagined that if I had $1 million I would just lump it all in stocks and retire early. This plan is a lot more exciting and diversified
Hi Our Rich Journey! Thank you for your content. Would you ever consider making content on Canadian financial literacy? Or do you think its the same as the USA? Do you have any recommendations?
Thanks for sharing a model. I particularly like funding a flexible custodial account that could grow until they are of retirement age. This is better than buying a house and giving it to them. What are the tax implications? I think someone can gift $14,000 year tax free for the recepient. 🐱🙋
how are they eligible to invest in a Roth IRA when they are worth $1million?
Hello Christina & Amon thank you for this video. Great advice as always. Could you please make a equivalent video for europe? Is there a equivalent for Roth IRA, 401K or the custodial account? Thank you very much! Simone
This is great stuff. Well done
Thanks for making my Sunday mornings brighter! Financial literacy is key, and you have helped me increase my knowledge immensely!
If you get a 50% market crash your stocks need to go up 100% just to get your money back. It's something that could happen.
Great video as usual. I followed all these steps the only difference is I have a 529 for my daughter who is 8 now. By the end of the year it should reach 60k. My question is should I stop contributing to it let it grow for 10 years and instead build custodial account? Or can I rollover the 529 into a custodial? Thanks
Great Video as usual, specially on lump sum investment ideas. One question on the Roth IRA. If i had $1M that year, will i be eligible to contribute $6000 for Roth IRA for that year, considering $1M as income that year.
I love the ideas in this video and how they can apply to multiple situations. I would also add to the tax advantaged solo 401(k) if listeners have a business and real estate syndications if house hacking is not feasible or not of interest to someone.
Excellent video Team.
Can someone explain to me about front loading custodial account? Google seem to suggest front loading only apply to 529 for 5yrs. There is no restriction to custodial such as UGMA and UTMA other than the lifetime gift limit of $11m.
Please do one with 100,000$
I live in nyc. Please guys can you make a video on how to protect your assets from being sued or someone being spiteful and trying to wrong you.
Why don’t you recommend paying of mortgage?
What about if you get sued cant they take the brokerage account funds? Is there away to protect that?