5 ways to reach F.I.R.E. faster

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Reaching Financial Independence, Retire Early (FIRE) can take years and in some cases decades. Those who reach FIRE aren't always the smartest people in the room or those with the highest income. Here are 5 ways to reach F.I.R.E. faster.
1. Master the basics 2:49
2. Define what FIRE means to you 4:18
3. Learn how to hack your life 6:33
4. Move to a lower cost of living area 10:49
5. The harder you work, the luckier you get 13:44
You can afford anything, but not everything ‪@affordanything‬ 16:45
▸ Try M1 Finance: bit.ly/TryM1Finance
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More about Financial Independence, Retire Early
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The stages of F.I.R.E. (Financial Independence, Retire Early): • The stages of F.I.R.E....
Finding Peace in the Journey: Financial Independence, Retire Early: • Finding Peace in the J...
I'm not a financial advisor and the content discussed today is merely my opinion and intended only for your entertainment. The content expressed in this video should not be considered as professional financial advice. Some of the links above are affiliate links and come at no cost to you.
#FIRE

Опубликовано:

24 июн 2024

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@DividendGrowthInvesting 11 месяцев назад

What are other ways you could reach FIRE faster? Try M1 Finance: bit.ly/TryM1Finance How to Transfer to M1: bit.ly/TransfertoM1 Try Seeking Alpha Premium: bit.ly/SeekingAlpha-DGI Instagram: instagram.com/dgi_jake/ Dividend Reinvestment Calculator: bit.ly/DividendReinvestmentCalculator

@DividendGrowthInvesting 11 месяцев назад

@@evasanz3466 lol! Well that is thinking outside of the box 😂

@girldaddividendinvestor 11 месяцев назад

That poor guy trying to say subscribe gets me everytime. Dammit Jake. 😂😂

@DividendGrowthInvesting 10 месяцев назад

Lolol 😂

@moneyinyour30s 10 месяцев назад

Great video!

@Rocco1994 11 месяцев назад

Awesome video!

@DividendGrowthInvesting 11 месяцев назад

Thanks for watching 🙌🙌

@CalmerThanYouAre1 11 месяцев назад

Such great content! Don’t be a victim in today’s victim society. The harder you work, the luckier you will be. 👏🏻💯

@DividendGrowthInvesting 11 месяцев назад

100%!!! Thank you!!

@MasSamurai 11 месяцев назад

keep these videos up! I think I'm finally getting my coworkers into financial freedom thanks to these videos

@DividendGrowthInvesting 11 месяцев назад

Thank you!!

@autobotdiva9268 9 месяцев назад

Keep grinding

@DividendGrowthInvesting 9 месяцев назад

@franklin6585 11 месяцев назад

Excellent video, I am 27 years old, last week I lost 49% of my portfolio trading, so today 07/31/2023 I have decided to start creating a dividend portfolio. Although it will take me a long time to recover the money I lost 😔 Greetings from France

@michalhofrichter7573 3 месяца назад

good luck with that

@YanoskyPR 11 месяцев назад

I feel you with the buying used/refurbished stuff. Bought my router for less than it would cost me to rent it from my provider for 2yrs, in an apt that I’ll probably spend the rest of the decade at

@DividendGrowthInvesting 11 месяцев назад

Exactly!!! It’s little things like that or your car cabin air filter. You can do that yourself and save $100s a year

@RenegadeBastard 11 месяцев назад

I’ve found that Van Life is one helluva an expediter to achieving F.I.R.E. When you have no rent or mortgage to pay? Your utilities are free? Internet at public WiFi is free? You save hella cash! Use that cash to invest in a better life. 🤷🏻‍♂️

@DividendGrowthInvesting 11 месяцев назад

In a different world, I would have loved the Coast FIRE approach and once I hit coast fire, I would just travel the world in a van. A lot easier before you have kids.

@RenegadeBastard 11 месяцев назад

@@DividendGrowthInvesting Absolutely! No children on my end. It makes life in a van significantly easier.

@Alex-he1ve 11 месяцев назад

Like your channel. Panama is my choice in 2-3 years ( Pensionado Visa).

@DividendGrowthInvesting 11 месяцев назад

Yeah!! We are going to visit Panama in January!

@derwinmitchell9947 10 месяцев назад

FACTS! Good idea 👍

@p3capital662 8 месяцев назад

Welcome to Panama !

@ImxxFuZe 11 месяцев назад

Hey Jake! What are your thoughts on making a video as to "Why YOU may NOT truly want to F.I.R.E!" going over the downsides of retiring early say 20s, 30s, 40s, 50s..

@DividendGrowthInvesting 11 месяцев назад

This would be a great topic! I’ll definitely look into it! Thanks for watching! 🙌🙌

@youtubesucks8024 11 месяцев назад

I’m retired in my 40’s and I’m booooooooooored so bored. Soul crushingly bored.

@ImxxFuZe 11 месяцев назад

@@youtubesucks8024 This is one of the main reasons why I asked Jake if he could do a video on the topic xD Congrats on retiring @ 40 tho!

@ballergame1017 10 месяцев назад

@@youtubesucks8024😂😂Go back to work then.

@GoodNewLife 11 месяцев назад

The very first share i bought in our investment portfolio, was the hardest purchase haha. Had to tell myself take action. Even if it drops in value its ok. Learn from it…it drops 4% lol. Its back up since then 😅.

@DividendGrowthInvesting 11 месяцев назад

Taking that first step can be the hardest! I’m excited for you that you took it and are now hopefully dollar cost averaging each week/month.

@GoodNewLife 11 месяцев назад

@@DividendGrowthInvesting yes sir! Dcaing most money into core holdings, got them satellites stocks/etfs for income.

@tquake6686 3 месяца назад

Bro, this sounds better than a podcast! Thanks! I’m trying to save and invest 300€ per month, let’s see what this brings 😎 thanks!

@DividendGrowthInvesting 3 месяца назад

nice!! One day at a time!

@leesprout5820 11 месяцев назад

🔥📈📊

@DividendGrowthInvesting 11 месяцев назад

🙌🙌🙌

@Gunieapower33 11 месяцев назад

Did you ever pull the trigger on DGRW? What do you think of - MOAT - DGRW -SMH 33% even

@Gunieapower33 11 месяцев назад

I know you said you stopped funding ..

@DividendGrowthInvesting 11 месяцев назад

We did in my wife’s account. My wife is still working and dcaing into Dgrw each week. It’s really gone up though these past few months! I like it more with at least a 2% forward yield.

@DividendGrowthInvesting 11 месяцев назад

Those 3 are great ETFs but Iim not the biggest fan of 33% in a semiconductor etf. Too much risk for my blood. Who knows what the world looks like in 20 years. It’s possible it way out performs, but not my approach. If i personally would limit to 5-10% and focus more on SCHD/DGRO if you want dividend cash flow.

@BetterLife05 11 месяцев назад

I stopped investing in my taxable account because people have told me to fund a Roth because over time our economy will raise taxes on everybody, what do you think about taxes going up over time down the road?

@DividendGrowthInvesting 11 месяцев назад

Well either the economy has to become more productive or taxes have to go up. This is obviously a very simple way of looking at it. The answer is you can’t know the answer so you should plan for either outcome by diversifying. I invested in my 401k with my job and converted it into my Roth IRA while also investing in my taxable account. There is no one right answer and your answer may be entirely different than people you speak with. Educate yourself on both your options and make the best decision you know how with the information you have and learn to be content with that decision.

@hallpaintandbody7717 11 месяцев назад

When I leave my job, I have to move all of my 401k. Can I move it to a Roth IRA tax free? Or would it be taxed at 32% plus 10% before 59 1/2?

@DividendGrowthInvesting 11 месяцев назад

You will want to make sure you know what you are doing. You can do a like kind roll over that will not cause a taxable event. If you convert your 401k to a Roth IRA, then yes you will pay all the taxes in that year - but will be tax free after that.

@hallpaintandbody7717 11 месяцев назад

@@DividendGrowthInvesting Thank you, so a like kind or direct roll over means all my stocks get transferred from my 401k. Just trying to figure out what's best to do with 100k.

@DividendGrowthInvesting 11 месяцев назад

@@hallpaintandbody7717 well it depends on the brokerage. some will be able to transfer your ETFs/Stocks directly, and others will sell the positions and send you a check to give to the new brokerage if you transfer to a new brokerage. The important thing is to understand how much of that 100K are contributions and what are gains (FYI any contributions from your employwer are considered taxable if you do traditional 401k to Roth 401k). You pay tax only on the gains and employer contributions.

@Eli390 11 месяцев назад

@DividendGrowthInvesting 11 месяцев назад

Hi!!! 🙌

@p3capital662 8 месяцев назад

Did you showed a Panama flag ? Welcome to Panama!

@DividendGrowthInvesting 8 месяцев назад

I did :) going in January

@youtubesucks8024 11 месяцев назад

THE SPICY MEME LORD HAS RETURNED! 🤣

@DividendGrowthInvesting 11 месяцев назад

🧙‍♂️🧙‍♂️🧙‍♂️

@dwaynerudkavitch5307 9 месяцев назад

Yah I'm sure germany is very cheap. I think you're barking up the wrong tree there. Geoarbitrage may be problematic if doing it when you're older. If you have fixed resources you may want to limit the amount of mistakes you make when making these types of life changing decisions. Do what you know and where you know can limit the amount of poor decisions you may have to eat later on. Which can be hard to do if you have to dip into accounts etc. Also time can be an issue as well. Options are good to have I agree with alot of this just some stuff not so much.