I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
@@YinusaSaheed That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
@@YinusaSaheed MARGARET MOLLI ALVEY Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
No doubts , a good way of growing and saving your money is through investing . You don't need to have much before you can invest.That little money you have now can make you millions if you invest it wisely. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made❤
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.😊
Understanding the intricacies of investing is crucial. That's why it's important to have a reliable support system, such as a financial consultant, who can guide you, especially when it comes to selecting assets. Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy.😊
That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?..
She is easy to find , you can make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. she works with anyone independent of their location.
Personally Maria, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.
Congrats! I was wondering, how did you estimate how much you needed to live for the rest of your life? Like, did you have a specific amount that you needed to reach, or did you build up rental properties, or have a pension to provide income?
I made the decision to retire early as well at 50-years-old this last July 2024. It was THE BEST DECISION EVER!! Now, I'm hoping to do YT and IG as a side hustle for fun. I've just been trying to decide on which niche to focus on, so I guess I'll just wait and see how each video will evolve into for my channel (I have yet to post my first video). Thank you for sharing your life! As for investing... I refuse to pay any financial advisor to do my investments. I'm still learning as I go! Best to you, Daphna!!
As a 50's male, I very much admire your journey and the effort you put into to making women feel like they can approach and conquer this and these issues. I, myself, came to financial education in my 50's and have never looked back. I hope any woman who reads this is made to feel that regardless of gender, they are not alone in feeling overwhelmed at the prospect of learning about the power of financial eductation and the power that comes form it, but I assure you, as Daphna says, it is MUCH more simple than it is made out to be. Good luck!
i made 3D dental scans. i just doubled my fees and cut my hours to 16 for the last 5 years. i felt bad, but this is the best way to free up time without losing pay. i also paid a lot less tax. find your self a good tax advisor.
I am 57 and alone now since I lost my Husband..am looking to retire in Greece..and yes money management is so important..hoping by 2025 to make it happen.
Hey, you are stealing my dream ??? Yep, Greece is also my dream destination when I retire at 66, in 5 years, I have decided to start doing research now, then things won't come as a surprise
Oh wow. I’d love to hear more. How many properties have you acquired and are they scattered all through the US? We have 2 rentals and our home we live in, in Southern California. We want to expand.
What great information!! Thank you so much for sharing it. Would you mind doing a video sharing exactly what resources (books, courses) you used to learn about investing and money management? 🙏
I've retired but I'm not financially buoyant. Looking for where to invest my money because saving up funds is not giving anything in return. And I need to make more money.
I understand but I'm your own you could seek out several of these portfolio managers. Know your your targets and ensure you achieve your financial dreams.
I know this man. I met him few years ago after I got divorced 😭 he helped me overcome my financial challenges and I'm most grateful to him. Thank you Chris!!!
The time is going to pass anyway. Fear is meant to protect us from actual threats. Start simple. Build on that. You'll gain confidence as you go. The fear will subside as you start to gain momentum.
Congrats on your successful journey to financial independence. I track my budget a very simple way, I purchase everything on a credit card so I see exactly what I spend every month and it's set up on auto to pay in full every mo so I'm not charged interest, and I get cash back on the purchases. Buying, renting and taking care of property is not passive and too much hands on work for me. I'll stick with stks and reits. Might be good for a young person full of xtra energy.
Rental properties are a headache due to upkeep and maintenance. I am 53 with 1.6M in stocks and some cash and 1M in home value. Seriously considering quitting my job soon and moving somewhere where the cost of living is not as high as where I live. This video is encouraging.
Thanks for sharing your thoughts. I value your perspective. Rental properties do require work as you are essentially supplying a service to your tenants. It’s not passive income, but it brings in a steady monthly cash flow and that’s why I prefer it to stocks
You can hire a maintenance manager to handle all the repairs and calls, which reports to you for additional cost on replacement items. All labor will be covered by the maintenance manger; paid by the job or have a monthly fixed amount for 24/7 on call. My brother did this for one of his property and all he did was sit back an watch his monthly mortgage and manager cost paid by the tenant with several 100’s leftover deposited into the bank. Just make sure you interview the potential tenant(s) yourself with references. They can give rise to headaches!
My grandfather was able to do retire at 50. Worked at the highway department at age 18 and retired at 50 in June of 1982. At 91, he still hasn't worked. Just was frugal with everything. Put money into bonds, mutual funds, etc and let that grow. Paid all the cars in cash and never had any debt. This was back then before the cost of living and everything just went up like crazy.
Good evening , i live in south of France , i'm 40 years old and i'm very interested in financial freedom Your journey is a good reference , i'm a single man without family , last year , i closed the reimbursement of my apartment bought in 2014 I earn 1600 euros per month , i only spend 400 euros , my food is vegetable , i'm going to invest in real estates and market place , i hope to be definatly in retirement in a few years , congrats to your journey and have a good time 😉
Very good. I think I can made a lot of my life to Stay alone I am totally free - have my own money as a Physiotherapeutin. I have struggle many years to be independent. Thats the best feeling I every have in my life. I am 53 years and I became little bit more selfesurance. 😊 I think that are the fruits in the 50th I earn. Now I can relax a little bit more Thank you for the good Video.
hey daphna great video. i did exactly the same 3 years ago, also with 52 and now moving to the silver coast. i learnt to invest, tracking my costs and enjoy my live, only doing what i love. perhaps one day we will meet somewhere in this beautiful country 🇵🇹. chears peter 😊
Making a mistake in buying real estate when prices and interest rates are high can potentially have devastating consequences depending on the property, location and market timing.
How do you guys retire early ? Is it investments or? I am 42 i had planned to retire at 45 but the markets are saying nope. I am nowhere near able to retire😢
Hi Daphne, I just discovered your channel- really enjoying your videos! :). I have been on a similar journey over the last period of time. Can you show us an example of your spreadsheet where you track your expenses? Thank you 🙏 Also want to tell you how brave you are to start over by yourself in a new country!
Hi there. I'm new to your channel The word Portugal stands out to me because I want to be there. I enjoyed your video however. I'm wondering how you started. How you got the money to buy your first place. And where you bought it.. thank you so much.Grestbidea to start this channel❤
Hi Angela, the whole point is to buy properties which have cash flow. You’re looking to buy in markets where the yield is 7-10%. Portugal properties are still good value compared to other countries in Europe
Just discovered your channel and enthusiastically subscribed after watching 2 vids. Very much appreciate your direct, common sense approaches which are an antidote for these unnecessarily complicated times. Keep up the good work, and best wishes to you.
Hey Daphna, I have a question regarding the properties: you moved in another country so I wonder how you manage the rent from abroad. I want to buy as well properties in another country, yet I try to figure it out how to manage them. Maybe it is also a good video topic for your viewers. Take care and keep the good work. You are an inspiration for the ladies. ❤
I moved to Thailand at 31 years of age.Had 2 rental properties and lived off rent.Then sold one and bought a house outright in Thailand,was still able to live off 1 rental property.I have now sold that and put my profit into isa and my sipp.55 years old now
@@Daphna. הי. עומדת לצאת לפנסיה. כבר מאפריל 2023 מתלבטת אם לקנות דירה בפורטוגל. אינני מכירה את השפה- ולא אנשי מקצוע שאפשר לסמוך עליהם וכד'. לכן ההתלבטות הגדולה. כול הכבוד לך על התעוזה ונראה שדרכך צלחה. האם אפשר ליצור איתך קשר (במייל) ?
Thank-You Daphne, What countries other than Greece are your properties in and how do you manage living far away from the real estate you own. If you use a property management company, what percentage to people generally aim for in terms of annual profit covering incidentals/repairs/property management. Thank-You.
I know this is a predictable comment but in the U.S. healthcare prevents early retirement, at least for me. It's not so easy to up and move to another country (culture shock, language barrier, physical and mental illness, loneliness, isolation, having to figure out everything from scratch, etc.)
For me, retirement is not a priority, it is not my goal, I also own few properties and I prefer to be in an active mode. I'm very lucky to get the possibility to get regular holidays and travel around the world. I have a perfect balance with working less but having freedom to travel and enjoy life.
I was thinking about the term retirement the other day. For me, it's not about not working; it's about the freedom to choose and no be tied or financially dependent on anything
You are inspiring! I’m 34 and I’d love to retire in my early age as possible but I don’t have much assets to buy a property atm.. so far I’ve invested some in stocks and shares and hoping to start real estate one day. Which country have you invested the properties if I you don’t mind me asking?
@@Daphna. I don’t have hope to my own country as their properly value goes down over the years and now their houses are so cheap..maybe good to do Airbnb but I rather do it in the place where property prices are going up. I live in Australia (which is not my own country) but properties are ridiculously expensive here.
Thanks for your advice, and pooints of view. Well done you ! Real Estate investment has of course been a good move historically, for rental. Especially when property prices increase, so the capital value of the asset grows. But, how do you mitigate against the risk of a fall in property value ? There is a risk/reward equation at play, and none of us has a crystal ball. But 20+ years of property boom must surely come to an end ?
You make a great point about real estate investment and it’s potential risks, especially at this time. It's certainly something I've been thinking about. I won't pretend that I can predict the market. For me, the reason I choose to invest in real estate is because even if the market slows down and prices drop, I still receive rental income every month. You see, that's why it's important to be clear about your investing goals. "Investing in real estate" is just a general term. Some people invest in short-term rentals, others buy, renovate, and flip houses. I invest for the long term and for the monthly income, so I'm not worried about market fluctuations. Let me know what’s you think
When I started there was hardly any financial education available, online or offline. I think if I had more role models it could’ve been faster. I started with “rich dad poor dad” and them went in to “the 4 hour work week”. These were the only sources back then
10 is a good number. I give my clients a target goal of 10 properties. Done the right way, this can generate $120,000 a year take home. NetWORTH generally 2.5 million.
Thanks Daphna. Although investing in real estate does ask for a certain capital, first. And, it's not an easy nor safe way to get an income. It requires a lot of daily work, and at times one can be ripped off, buying real estate that could be a scam. I have friends who invested just like you, into a place that was going to built. It was even in a high touristic attraction area. Well, it turned out that the realtor ripped off all investors and fled with the money!! Never to see it again!! Law case, etc... Nothing doing. They lost a huge capital. 🤔☹😓
We all have friends with horror stories about investing and losing money . Theres a tight way and a wrong way to do it and you should be financially educated before you invest
Thanks for making this video. I was wondering, did you buy the properties in Portugal or Israel and do you still own them? If you bought them in Israel, is it difficult to manage them from Portugal?
I bought the properties in Israel before moving to Portugal. Managing them from a distance does require some effort, but it's manageable with the right support in place. If you have any specific questions or need more information feel free to ask. 😊🏠🌍
@@Daphna. Thank you, you are inspiring! Do you also have a job in Portugal or you are able to live off the rental income from the properties in Israel? Also, do you own an apartment/house in Portugal or do you rent there?
Did you invest with yoiur own money or with debt? Because I wonder how much money is left after paying investment rate and taxes, plus investment costs for renovating. I think if you rent while you are still employed, it will not pay off and is more burden and risk than second income. Or have you made a limited liability company? You did not tell anything about this content and this is so crucial. Can you please add it and do another video for us on this content? thanks a bunch.
Great question. I initially invested with my own savings to keep things simple and minimize risks. Renovation costs, taxes, and other expenses are indeed things you need to consider in advance. While I can't give personalized financial advice, I'll definitely consider making a video to delve deeper into the financial aspects
@@Daphna. Yes I do, and if someone does he knows that to get e real monthly netto of 2500 Euros you need an investment over 1 Million Euros! That's not a little and far more than most people think. So it is not that easy going to have this investment as people are always led to believe. And if someone would have this money free for investing he /she could get retired anyways in addition to their saved pension at this age or as they get it in pensionyears.
Great video. I’m a financial coach and Realtor for Investors. I’m so happy to be seeing this video. Good for you. Keep sharing. People need to see they can do this.
Extremely valuable and informative content, and thanks for sharing your thoughts I'm about to hid 40 yrs and may GOD of all the crazes help every one in this channel pursue their dreams this is so wonderful I'm impressed ...................Amen
can you tell me how you buy property without having mortgage? It's not clear...you should have a loan for every house and i don't think the rent paid from you tenants can cover all the expenses plus give you extra money to live....
