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Never too late. I had nothing saved at 30. Now net worth 1.8 million. Enough saved to send my 15 year old and 4 yr old to college. Retiring in 11 years. Keep after it.
I started the financial journey at age 43 first by getting rid of all of my liabilities ( debt). At 45 in 2020, I started investing by watching Our Rich Journey. Now myself, wife and kids have joined the journey🎊🫱🏾🫲🏼
@@OurRichJourney FANTASTIC REPLY! I've seen it happen to so many people, totally unexpected situations happen and plans get derailed, at all ages. Many have had to come back from nothing, and some, multiple times. It can be so discouraging when others criticize without walking in that person's shoes. You guys are a total class act. Keep inspiring everyone and take care of that beautiful family of yours. Have a blessed day!
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Man i love you guys so much! So inspirational... You guys are really an amazing family. Your transparency just made me realize I'm doing soooo much better than i thought
Loved this video! As someone who just turned 30 with no kids, I have been intentional over the last 4 years and you all have been a great inspiration for me. Thank you for your transparency and always being willing to be thorough in explaining things.
Absolute gold Ahmad (sorry if incorrect). Thank you for educating those of us that are financially illiterate. You and Christina are a blessing to many.
Thank you! I’m 43, my husband wants me to retire now. Just found this site a month or so ago, so I didn’t factor in the 0% if I stop working so early. I am a vet, so I’ll be getting my VA & reserve retirement, real estate rents + I’ll be hitting RMD from my 401k. Working on my ROTH now. This info is just good to know…
Such a great video, I sure have family living soley off of SS and cannot keep up with all the inflation increases. Especially with increased housing costs, food, and even utilities bills. Let’s all keep working hard!
This is soooo timely. I just pulled this SS doc the other day. I am astonished by how much I will get after ALLLLL those years of working. Thank you for planting a seed via YT & (ORJ FIRE Courses) Amon&Christina. #compoundinterest 💝💝💝💝
I want to say Thank you. I started thinking about fire after listening to you and I believe I am on track. Preparing myself for fire in the next couple of years by diversifying the stock market and real estate. Thank you for your guidance through regular videos.
This video is AWESOME!!! Thanks Amon for your transparency and sharing with us your social security report. It's right there in black and white. Proof again that folks can achieve FI and go on to achieve FIRE, making under 100k. Thank you for the encouragement as always. I will keep pushing. Thanks again for all you and Christina do for us. 😇✨️😁 🔥.
Thank you Amon and Christina. Many blessing to you and your family. I have been following/on this journey with you both since 2020 . Thank you for the push bc a sister needed it. My goal is to leave the country also, one day soon. 🙏🏽🤗💫
I hope that you and your wife are wildly successful in your dreams and aspirations, and that your children become the strong, self-determining, and wise people you hope they become. Blessings from America.
Funny how life works, your first earning was in 1995 that's the year I was born, then you retired in 2019, that's the year I came to America 😂 So far I have contributed 24/40 work credit just in 5 years period. Reaching financial freedom and retiring early is my goal. Been investing 10% of my salary in the S&P 500 into a 401k account, Investing another 10% in a Roth IRA account which comprise of SCHD, VYMI, and FXAIX Fidelity 500 and another 5 % in an emergency Fund. Finally another 10% Tithe for God's kingdom cuz I'm a Christian and I believe in the principles of sowing and reaping🙏 Y'all Chanel has been an inspiration to many of us. Thanks for the great work you guys do🙏
Thank you for always giving us the enlightenment. Your story is very inspirational and knowledgeable comforting knowing that financial independence and being able to retire early is possible. Your the evidence. This is far from circle park. 💯🙏🏿👍🏾
Great video! Looks like we FIREd the same year 😊 Very timely video! My partner and I were looking at that website this week and wondering what to do with our very small payments when they start coming in…please share when you decide what to do with yours. Love your work! ❤
Honestly, you are a business owner who works for yourself now. You were able to give yourself the freedom to leave your jobs to free yourself from those confines. Your family is a great inspiration. I miss your videos when you both first started and shared the growth every month. Also, glad you are going over this because we are looking at that and found that that rule that you have to have worked within 5 years of claiming it without your amount changing for the worse. Many F.I.R.E enthusiast don't mention that. That made us think about what age we would start to withdraw from our SS and figured with the time we are going to F.I.R.E we would take ours at 62 yrs old. Then, we found we can only get income from 401K, Roth, Dividends, Interest, or annuity. That meant we couldn't sell off stocks without it being considered income and Social Security would be reduced until we are 67 years old if we decided to sell our stocks. We were so happy we were getting income from our dividend stocks and ETFs.
You guys are setting an example for ordinary people who don’t have a rich parent or a high paid job and yet still can’t achieve the financial independence and retire comfortably
Nice summary for a young one! You sound like you have a pretty good handle on this. Not sure if I heard you right, but the amount shown on your statement are in current dollars, (with the adjustment for future earnings)Wages are adjusted by the average wage index(AWI). Staring at age 62 it is adjusted by COLA. Another fun fact is that Social Security payments are ‘progressive’, there are two “bend points”. The first portion of wages gets the most replaced, the second less, and the last not very much. We retired in our early 60’s, Social Security for the both of us will approach $7000/month when I claim at 70. So actually quite a bit of money. For people in your generation, count on some cuts!
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
Real inflation rate around 12% so your 22 million is simply the 2.5 million equivalent after inflation. Stocks are the new bonds. Wealth preservation. Not growth.
Hi there! I would love to know your thoughts on annuities and other possible wealth preservation vehicles. I'm older, but still working, investing and hoping to retire early, but I'm concerned about wealth protection and long-term care. Single, no kids.
Hi Amon!! So grateful you are sharing your journey and wealth of knowledge in such a genuine and thoughtful way. You mentioned a video in it's self about if the pension/super funds will exist in the future and VERY curious about your thoughts on that topic. Wishing you a wonderful day!
Another great video. "All your investments are the cake and your Social Security is your icing!" Yeah they say S.S. probably want be around or you have to wait until your 70 making it the new retirement age.
Hello, thank you for the great vids you post me and my wife live in England and will be starting our retirement soon on the Silver Coast and wondered if you new of any great rental agents to help us ? Many thanks Steve
Thanks for sharing and being transparent. I hope everyone checks those projections for social security I'm 42 and if I retire at (62) I'm looking at $1,870 (67)$2,784 (70)$3460 One think I have learn is that just by working I won't be able to grow wealth. So my approach was to invest in real state 4 years ago. I can say that was the best decision I could of made. Now that was my approach, what will yours be?
Thank you for such transparency. It's rare to have people share actual numbers, let alone over a whole career. It's inspiring to learn that you don't need an inheritance nor become Jeff Bezos to build wealth and live a rich life. Thank you so much for the inspiration!
What was the main investment into the stock market in a brokerage account? I don’t see how you could have managed to build up a 401k or ira to that amount that quickly
Amon always says that the income outside his governmental work was the tipping point to rech financial freedom. In which videos does he talk in detail about what he did besides his work. Like houseflipping and such
Thanks for the insight video and how the social security calculates the retirement. Question, can you tells us in what department of the government you used to work for?
Thank you for the video, can you guys talk about your pension plan in a future video. I’m a calpers pension member it will be helpful. Thank you in advance
Well done! Congrats to you and your wife on your successful financial journey, Your transparency is much appreciated. Would luv to see another video on the ETFs you're invested in. Have you stayed the course or are you changing the ETFs you originally started with and why. Blessings.
I’m noticing a lot of American expat retirees who receive SS actually doing little side hustles in their countries of residence and doing well. Many have RU-vid channels which I think is cool.
Hi Amon! Thank you so much for the valuable content! My husband and I have built wealth through our investments and are now exploring options to preserve it (not paying $$$$ in taxes). Could you please post a video on the "rich man Roth"? I'd like to know more about this topic and if it is worth pursuing to minimize taxes in retirement. Congratulations to you and Christina for your achievements! May God bless you all.
I'm not sure those SS projections are adjusted for inflation. In fact, I'm fairly certain those numbers are measured in todays dollars and will presumably grow over time.
On the other hand, the bigger issue of inflation is the 22 million is also not adjusted and needs to be considered, yes; no small part. And you get 22 millions only if you don't spend any of it ......!
The numbers on your statement are the actual dollars earned. However, they are adjusted for the Average Wage Index, which tracks wage inflation. The payments that your statement shows are in current dollars
Thank you so much for sharing. Super insightful. Did you and Christina qualify for US Government pension? If so do you have any videos on how that will tie into your retirement strategy? Or how will a government pension impact social security?
Can you talk about the safety of using banks in other countries. Are deposits insured like in the USA? Do you keep money mostly in US banks or Portugal?
Great video, very informative, thank you for amazing video! I am glad to hear we can get social security abroad. We are planning on moving to Europe next year from the US. Are there any US banks you recommend to have when you live abroad? Right now we have ally bank.
Hi Amon, thank you so much for everything that you and Christina share on this channel. I've been following your journey since right before you retired and have been very inspired. I hope you get a chance to answer my question and maybe it'll even inspire a video. "How much of your $2.5m portfolio was outside retirement accounts like a 401k or IRA? I ask because right now, I am only investing in retirement accounts trying to max them out but I'm afraid that if I get to 40 and want to retire, I won't be able to access any of that money without penalties. Please advise" Thank you again