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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:
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Building Wealth One House at a Time:
Rich Dad Poor Dad:
The Total Money Makeover:
The $100 Startup:
Freakonomics:
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Financial Norms Destroying Your Wealth – We Broke Them to Retire at 39 As Millionaires:
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Investing in Index Funds for Beginners | Tips & Advice From Millionaire Investors:
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What about saving cash for when the housing market crashes and buying a house with mostly cash?
Love your videos! Found them maybe a month ago while searching retiring to Portugal videos. My wife and I are 36 and plan on retiring there next year. Your videos have been very helpful in both aspects of our plan (retiring early and to Portugal). We are both Portuguese, so this has been my plan at least for many years. You guys are a great resource!
Hello
I have a quick question. I am from hk and have been using the Interactive broker platform to trade VOO and other etf… for almost 2 years . I am so stupid and just learnt about withholding tax – the us government will tax 30% of the dividends given to non-us person …
I want to ask your opinion if you know any way we can get rid of this for non-us citizens ? Many thanks!
The thing is, where would you invest money during these times? I think having extra cash is good right now. I have years of cash
Great video guys. Just gave it a like. I have a question. I'm sitting on 100k in the bank but not sure if I should invest it into a index, or buy stocks with it since everything is cheap right now. I have a 6 month emergency fund on the side and 2 other accounts where I keep about 10k incase of anything. What would you think would be a best decision for me to make? What would you do if it were you? Thanks..
I like the etf Vgsh for my emergency cash fund.
Great content as always. Good food for thought for me today as I'm trying to decide whether to invest more or keep my savings amount as high as it is. (I have two kids in college, so I'm considering that as well.) BUT – I loved hearing your thoughts!
You Two Rock!!!
Excellent ideas to think about, and your New set or backdrop looks great.
When everyone is expecting a recession it means there is no recession coming and it's time to buy.
Maybe I'm not good at investing but my portfolio is down 43% over the last 2.5 years – it's pretty diversified with a lot of research that went into it. My 401k is looking pretty beat up too. It feels I've lost over 2 years of my life in terms of getting to financial independence, so I am getting further away from it by investing (in stocks, indexes, 401k at least) that you are so much in favor of. Now I wish I had saved the cash.
Sell sell sell save.
Another video with some very valuable information. Thanks guys!
I made My Acorns account is my emergency savings fund
I’m doing several side hustles to reach FIRE 🔥 in 10 years or sooner. Love 💕 you guys!!!
I like your new background. Do you have a newly renovated living room? Want to hear more about it if possible.
I absolutely love this video. I've been struggling with this for the last 3 months. Appreciate the info!
Goin to credit union this week for my son save his first future car insurance "cash envelope"💵
Great points! As we move closer to retirement, or “relax early”, I’m starting to increase our Emergency Fund while still investing. I-Bonds are offering a high rate of interest, especially compared to a savings account. Just be aware that you can’t get to it for a full year.
I'm thinking of saving 1.5 months of income since it takes only about 3 days to sell and transfer from a taxable investment account if more $ is needed.
Thank-you for your video! Could you talk about your experience w market volatility? I’m I couple years in investing and I’m so frustrated w the current state of the market. Could you speak on your experiences, emotions, thought process of bull and bear markets while you were still on your FI journey? Thanks so much your advise and motivation!
Hi A+C!!! Spot on video and I'm guilty as charged. I was one of those silly ones sitting on the sidelines and waiting for the next crashportunity. I should really fix my mistake.
A dumb question, how can you invest in companies that are showing positive earnings and growth and the stock is Still going down? Thanks to Biden .
What % of your network is ok to have in cash? I’m thinking .5%. If your networth is $4 million then $200,000 is acceptable. 3-6 months of livings expenses is a very small amount.
Thanks for the tips : I start really opening account and start investing VOO and other etf since last year after listening your channel and other on FIRE. The current makes does make me scared and wanted to stop my investment even I know the money is meaningless putting in the bank account
Thanks for the video to help me revisit this topic !
This is such a perfectly timed video for me personally. My partner and I are see ourselves settling down soon (2yrs from now). To this point, I never had more than my emergency and car replacement fund in cash. Now I need to start saving for our home down payment. I struggle with settling for a 2% GIC when I could be putting more money in the stock market when it's low… I know I wouldn't want to delay a home purchase if the correction ends up being worse than anticipated. But it will certainly be weird to have more than 5-6% of my portfolio in cash… it goes back to the feeling of wanting to hit FIRE and have every dollar working.
I keep 36 months as emergency found , I have it invested in bond, this way gave me a higher return vs saving account and I have them slip in 1 month, 3 months , 6 ,12 and 18 this way I can access it in part if needed ( not all at once) and give me around 6% up to 8-% , I know I’m losing opp since stock market can gave me +10 but having 3 years it just gave me so much peace of mind
Great video as always guys. Did you guys decide to start filming in different parts of the house now?
I’m curious on your opinions on cover call etfs that pay monthly dividends? … like Ryld , QYLD ect? Maybe that’s a video idea?
I have been searching all over on “How to restore your emergency fund?” Although we are not retired yet, the current situation of the stock market shows how important having an emergency fund of 2 years is, so you are not force to sell at a loss. But how does one build up the emergency fund after a bear market? Or your savings for that matter?
I don’t need an emergency account. That’s what credit cards are for or I’ll sell some of my brokerage to cover until I have another income stream.
Great Video and Happy Sunday
Many people dont want kids these days. What will they do with all their invested money when they have no next generation wealth to pass on to?
PERFECT TIMING. I just asked another person I follow the same question.
I keep buying my stocks every month and it's hard for me. I've been watching my stock for a year and it's going down. But I'm buying more shares.
I was pondering this question and then BAM 💥 here you both are discussing it. Great stuff again. Greetings from Barcelona.
Thank you both for this video. Please correct if I am wrong but I think you guys said you have 2 years in an emergency fund, right? Is that in a regular savings or invested in a conservative way? Also, what is your plan on when to use the emergency? Would you use it in any Bear market year? Any advice on that would be great. Thank you in advance!!!!
Sometimes I need to put my blinders on when buying. I regretted stopping to buy in 2018 and now I just continue to buy consistently every month in hope that we have an up year afterwards.
What are your thoughts on the Great Reset? Any suggestions on how to safeguard your hard earned wealth?
Love the new background and audio 🙂