▸▸▸Enroll in our 365 Days to F.I.R.E. Program: Take part in our 365 Days to F.I.R.E. Program and develop your financial independence plan (including your stock investing plan and real estate investing plan) AND get your plans reviewed by us, attend 12 Live Q&As with us, complete daily F.I.R.E. related tasks, get assigned to a small accountability group, attend our meet-ups in Portugal, participate in our FIRE related book club . . . and more!
▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)!
▸▸▸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!
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Our Rich Journey – 8 Reasons People Fail at Early Retirement – Time to Go Back to Work (FIRE Journey Over: We have hit our three year F.I.R.E. anniversary! That’s right – three years ago, we reached financial independence, quit our jobs, and retired early in Portugal! And since we’ve retired, we’ve seen some interesting things happen . . . inflation at all-time highs, multiple stock market crashes, the rise and cool of the housing market in the United States. Needless to say: A lot has happened economically over the past three years. Fortunately, we’ve been able to weather the storm. But, not everyone has been able to do the same. So, to help you on your F.I.R.E. journey (so that you can reach F.I.R.E. and stay in F.I.R.E.), we made this video to go over the top 8 reasons why people are forced to go back to work after they reach F.I.R.E. Find out what you can do to avoid these mistakes so that, once you reach F.I.R.E, you stay F.I.R.E!!!
▸▸▸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:
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Sometimes life gets in the way of living. Yeah, retiring at 39 sounds good. But all that can disappear in a heart attack or if she decides that she wants the cash and prizes but not him.
hello , do you have a idea , if the stocks are going down ,the rest of year and also 2023 , would like to know what you think?
Never ever use that thumbnail again. It looked like my favorite financial couple was breaking up..lol
A question. Your two years fund you will have it on a savings or checking account making $0 %?
Hello. First, I just want to say, how grateful we are for each episode. FIRE is great, but lonely road. All of our friends think we are weird for always saving and investing. We are on our way to retire next year and I have a question. Since we already have EU citizenship (we are from Bulgaria) do we need to apply for a Portuguese visa and are you aware of if we will get the same benefits without the visa? Thanks again for all you do 🙂
I’m retiring in 3 years, I’m 40, my secret is I have no wife or dependants 😅👌🏻🚀🚀🚀
All the points we have crossed off. Wife just stopped full time work and I am going soon. Been working from home for several years so we already know we can tolerate each other and work well around each other in the house, etc. Our plans are to do slow travel spending a few months a year or more away from home. Been traveling for many years on vacations and love it. Then we have card/game nights, bonfires, BBQs, happy hours, hiking, swimming and more that keeps us busy.
We are so in love with you guys too… 😂
Great Advice… you've touched upon those important points on retirement which most people ignore, most especially the relationship. Thank you!!
Side note, do you guys provide private consulting on investment and Real Estate?
Hi guys
I'm American but permanently live in Australia. I'm interested in setting up a Vanguard account in the US but apparently US expats living abroad are blocked from doing this. Something to do with extra red tape for the banks around tax and regulations. Do you have any perspective on this? Thanks 🙏
Guys, you are cool
Have you guys made any videos on crypto yet?
Amon, you scored major brownie points at about the 7-minute mark of the video. I think you're good for the next 12 months. 😁
So say someone is retiring in 5 years. When should they start building the F.I.R.E EF? When should you stop withdrawing from your accounts in retirement? When the market officially goes into bear?
I will be 39 in a week but I can not retired yet. 😭
Ha! I’ve gotten some of those issues out of the way prior to starting my fire journey. Got divorced. Daughter is taking a personal finance class in high school as well as doing the 365 days to fire course right along side with me. And I know exactly what I will be doing during my retirement. Thanks again!
Thank you for the inspiration.
8 REAL REASONS ❤❤❤❤ed it! Great Video. Thanks for the honesty So happy to be enrolled in the ORJ 365 Days to F.I.R.E. Program cuz I need this guidance. I had a habit of ball parking instead of recalling PLANNING.Can't wait💯🔥
We've been retired for 20 years but have just started to consider withdrawing from investments to fund lifestyle 'up grades' I would be interested in your withdrawal plans.
New subscriber here! Love your content. We are starting really really late but hoping to learn from you! Praying 🙏🏽 we can someday move to Portugal to! Thanks for all the great info!
They hit the nail on the head with statements about adult children begging for money. I’m dealing with this now.
I'm 55 so it's too late for me to retire early but I do appreciate your content as I move toward retirement. I'm not trying to be 70 and working retail because I'm worried about meeting basic expenses.
I am working on #2 and more diversification. I think you all have numerous videos now that illustrate that point well, and I am learning.
Thank you both.
You helped me retire two months ago. 😀
Can I start the F.I.R.E program at 40? Im wondering if it's too late at this age
I’ve said it many times, if you bought a home before the pandemic, consider yourself blessed. Us renters are becoming more screwed as the years go on.
Congrats on your 3 year retirement anniversary! I’ve been watching and learning for about a year and half of that.
5:45 Congrats to the happily married that don't do irresponsible things with money 8:07 Do Adult Parents count in this regard? 😂😂😂You can't make this stuff up.. #babyboomers
Many retired couples don't particularly like each other. But very few get divorced at that point in their lives. You learn to deal with it and adjust and try to make it work. But divorce? Hardly.
Really enjoying your wisdom and advice. May your days be many and full of Happiness
I hate when people use inflation as an excuse for foregoing the concept of a truly liquid emergency fund. This argument makes for a bad one because it conflates two different things- insurance and investment performance. The point of the emergency fund (EF) is insure yourself to some extent. Your goal here is to reserve just enough cash to keep you solvent in a stressed event (job/income loss, personal injury, unexpected expense). Of course how much you reserve requires judgement and ultimately depends on your personal level of risk tolerance. If you are funding your EF conservatively and continuing to increase the size of your personal balance sheet, then your EF should only be a small percentage of your total net worth. Yes your EF will lose value over time, but it’s not like it will drop 50% in value a year (eg BTC in 2022). You will simply adjust your reserve every few years as your personal risks & concerns evolve over time. So to counter your argument, the idea is that as soon as you’ve “funded” your EF to your liking, you should go ahead and distribute your excess cash among opportunities that suit your investment plan.
Hi! Could you go over your process for rebuilding the 2 year emergency fund after accessing it for a year in retirement?