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▸▸▸Enroll in our FIRE Master Class: This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE!
▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: This course is designed for people interested in moving to Portugal. In the course, we explain the visa process, the documents you need to submit for your application, and the step-by-step process that we took to obtain our visas; we explain the residency permit process and how we obtained our residence permit here in Portugal; we explain the process for buying and renting a house in Portugal; we discuss healthcare, school options, and setting up NIFs, we explain taxes here in Portugal, and MORE!
Books that have helped us on our Financial Independence Journey
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The Bogleheads’ Guide to Investing:
The Intelligent Investor:
A Random Walk Down Wall Street:
The Book on Rental Property Investing:
Building Wealth One House at a Time:
Rich Dad Poor Dad:
The Total Money Makeover:
The $100 Startup:
Freakonomics:
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Our Rich Journey – With large corporation layoffs, rising interest rates, and inflation at all-time highs, an impending recession is hot on a lot of peoples’ minds! No one can predict when the actual recession will hit. But, why passively sit around and wait for it? Why not do something about it now – BEFORE the recession hits?! In this video, we talk about five specific things that you can do in preparation for a recession. Take action now, so that you can be prepared to address the next recession as an opportunity (rather than a hardship)!
▸▸▸Check out some of our other videos!
Stock Market Is Crashing, So We’re Buying This NOW (See Our Top Pick):
Oh NO! Interest Rates Are Going Up! | Here’s How to Invest in the Stock Market:
9 Rules We Followed to Become Millionaires in our 30s:
Financial Norms Destroying Your Wealth – We Broke Them to Retire at 39 As Millionaires:
Our Top ETF Investments for Dividend Income and High Returns to Retire Early:
Investing in Index Funds for Beginners | Tips & Advice From Millionaire Investors:
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DISCLAIMER:
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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📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: https://ourrichjourney.thinkific.com/courses/InvestingforFIRE
🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: https://ourrichjourney.thinkific.com/courses/FIRE-master-class
✈Want to move to Portugal? Enroll in our Moving to Portugal Course: https://ourrichjourney.thinkific.com/courses/portugal
MY husband and I just bought a house two weeks go at 5.2% interest rate, is this a good idea to continue? I hope we don't regret this decision, we wanted to do it as an investment.
Always appreciate your succinct, resourceful videos!
Hello I've been watching your videos and I love them thank you!
I do have a question, we own 2 homes 1 of them we are renting to our daughter we do not receive any extra income just enough to pay off our mortgage on that house and we do not know if we should sell it now and pay off our home that we live in or buy some other property Or keeping it as an investment in the long run I would really appreciate your input we are torn we have no idea what to do! If we sold we would get around 180k.
Hi, I stumbled onto your channel this month and love your videos. I’m a beginner and started reading the Stock Market for Investing for Beginners, 2nd edition, Business and Money Book 6 by Michael Ezeanaka. My husband and I are 58, he’s retired due to a job injury and I want to retire by 65. If not before 65. Our children are in their 20’s and 30’s and my husband is afraid to get into stocks. I’m ready to invest and teach it to my children and grandchildren so they can retire early. Thank you for teaching me how to invest in index funds and not individual stocks. I want to start investing $50 to $100 a month in index funds with fidelity. Where should I start first and which videos to watch while I’m reading and which index funds to choose? Thank you
Hey Guys,
Are you two open to creating programs, like the one you have for how to move to Portugal, but for other countries? I sent you two an email in regards to the specific countries that I am referring to, because I did not want to discuss everything here on YouTube.
I really appreciate your positive outlook in this video. Starting the video out with that positive energy definitely eased the anxiety that was starting to creep up once I realized we’re heading into a recession. I already have a full time job and a couple side hustle sources that I use off and on. And I’m about to start another side hustle that I hope can turn into my main hustle eventually. So this was confirmation that I need to get serious about those other 2 sources, improving my credit and getting my finances together and that I’m on the right track with trying to replace my full time job. Thanks for making this video!
I appreciate you sharing your advice and personal experiences! Thank you for all of the helpful advice; anyone may use it at any point in their path in life.
Ye best start believen in recession stories. You're in one!
Thank you for the golden nuggets. This was much needed. 💛
What if you are “separated” from your company? Can you collect unemployment?
My favorite couple!! 🙏🏽😄
Thank you for all of the great tips. I’m especially fond of the side hustles. People used to shy away from them or hide that they have one, for fear of being looked at as an unsuccessful person, not making enough money. Honey, that has changed in the last five- ten years. It’s a NECESSITY!
Thanks for the help!
Hi neighbors! Texan in Galicia Y'all are so close. Love the content.
I love you alls content! I wish the audio was on Spotify so I can listen while driving or walking
Thanks for sharing! Can you share how to calculate SR on each pay check? I'm thinking subtract what's being saved after bills..but not sure. No per tax fund are being deducted
U.S. Treasury Series I bonds are paying Over 9%..
Save money where? Investing more in stacks or in a saving account as cash?
I lost 28% in a month. I'll canel my early retirement. 🙁
Buy a little bit of SQQQ every week.
You both are the best LOVE your page and content …
Smart advice, love you guys!!!!
This information is digestible & above all effective
In a recession, would you recommend rolling 401k money into an IRA or interest bearing savings account so that the money is protected from drops in the market?
Love that you share your tips and personal stories! It’s amazing how you two are so much on the same page when it comes to life goals.
Thank you so much for this video. It was just that little push I needed to take courses not just in my field but add another just in case.
You guys are fantastic. Thanks for helping me stay the course. Make sure to enough savings to survive the downturn but still invest knowing you are buying at a discount, which will pay off in the longterm
Should I stop putting into my 401K and keep that cash for now?
Tip #1. Marry someone with the same goals.
😁👍💰
The Baby Yoda shirt is back! Anytime I want to panic, I turn to your videos and I'm reassured 🙂
Thank you for taking the time to give us this information
Another great video. A needed video when market is dropping. Staying the course don’t jump ship. Keep investing if your able.
2nd watch. So nice I had to. Thank you guys 4tips.Saying focused, bracing for it but not pressed. Focusing on PT and my Original Fire Plan.💯
Recession? I like to call it BUYING SEASON
Well they voted potato head biden so enjoy him and his administration. The worst president in the history of United States.
Very informative video.
I love the Baby Yoda shirt!!!
Excellent video Team.
Great video! What I’ve been thinking is what can I do now to capitalize on a recession when it comes?
Buy repo’d cars or foreclosed houses? I hate to capitalize on someone else’s mis fortune but someone has to buy the things someone else losses…