Living On $110K A Year In Italy - How I Plan To Retire By Age 40

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Darren Thedieck enlisted in the military at 18 and has diligently saved and invested ever since. He's on track to retire in 8 years, after 20 years of service. So far, he's saved over $500,000.
This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
Produced by: Lauren Shamo
Senior Managing Producer: Eric M. Clark
Camera: Andrea Ferro
Editor: Nic Golden Henry
Animator: Elham Ataeiazar
Reporter: Ryan Ermey
Additional Footage: Darren Thedieck, Getty Images, U.S. Department of Defense
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Living On $110K A Year In Italy - How I Plan To Retire By Age 40

Опубликовано:

11 июн 2024

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Комментарии : 366

@CNBCMakeIt 27 дней назад

What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/32TYZ2K

@derfinanzanalyst4456 25 дней назад

I'm Italian myself. With your 110k per year your salary is clearly above average in Europe, while this is a normal salary for the Eastcoast or Westcoat in the USA. So you actually have the best of both worlds: high American income and cheap/moderate costs in Italy, in a Western country where you have the full rights.

@DavidHo-nq7np 22 дня назад

Westcoast is lib

@Jeanette.Watts6 26 дней назад

It's great to hear that you are considering investing in the stock market after being inspired by the success of Munger and Buffett with Berkshire Hathaway. Here are some key points to consider when investing a significant amount like the proceeds from selling your apartment:

@JanMuench467 26 дней назад

Numerous compelling stocks span various industries for you to consider tracking. While it's not necessary to act on every prediction, enlisting the guidance of a financial advisor is advisable. They can assist you in determining optimal entry and exit points for purchasing and selling shares or ETFs, ensuring well-timed decisions aligned with your investment goals.

@JanetBrandt0 26 дней назад

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 4years+ and I've netted over 2.8million.

@LaurenJ.Gordon 26 дней назад

Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.

@JanetBrandt0 26 дней назад

Leicia Zavala Perkins is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

@trevorkelly5036 26 дней назад

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Leticia up and send her a message. You've truly motivated me. God's blessings on you.

@juanlopez154 26 дней назад

I was his neighbor at Croughton 🤣 crazy.. good too see he's doing so well for himself and his family.

@inmytravelstoday 26 дней назад

What a lovely family. I especially love the fact that he helped his future wife to to become debt free. I'm sure a plan was created but his wife did the work and he seems to be a very supportive husband. TEAMWORK! Continued blessings!

@garyish 27 дней назад

Nice work guys, I reached 1M last year at 38 but def not retiring anytime soon. Wanna have at least 3M to keep my current income / standard of living. Plus I love my job.

@DisposableSupervillainHenchman 26 дней назад

What your job?

@morgan5885 26 дней назад

Well this guy gets his entire life paid for by the US taxpayer so that's why he doesn't need to have much himself to retire. He mentioned the pension

@garyish 26 дней назад

@@DisposableSupervillainHenchman Software engineer 👨‍💻 🤓

@ShutterSpeedGaming 26 дней назад

@@morgan5885he earned it.

@garyish 26 дней назад

@@morgan5885 I did notice that but that’s half of his base salary (don’t think he will get the allowances later) so ~28k which is not enough in the US but I guess that’s why they plan to live in Portugal or Italy.

@WilliamAMilley 22 дня назад

From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

@user-fn1kg6tx9l 22 дня назад

Amazing , you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

@chinyerejoseph8004 22 дня назад

Some times last week I tried trading all alone but ended up loosing $3K

@4lovehenry 22 дня назад

please educate me, i'm willing to make consultations to improve my situation

@WilliamAMilley 22 дня назад

Christin a josef understanding of marke t indicator s is impressive. Sh e knows exactly when to enter and exit trade s for maximu m profi t. her siignals are top notc h

@4lovehenry 22 дня назад

I'm new at this, please how can I reach her?"

@bryanwilson928 25 дней назад

I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million

@sara_top80 25 дней назад

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

@keithcarvey48 25 дней назад

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.

@traumfee25 25 дней назад

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

@toni_leyn 25 дней назад

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

@jesus_inco 25 дней назад

Thanks to Mrs Maria Davis.

@yhakak 27 дней назад

I like this guy. Always nice to see FIRE people who know what they want, are grounded, but aren't douches about it.

@jairohernandez7957 21 день назад

Well said. Didn’t think about this.

@user-vw9mb6uu3n 26 дней назад

My husband was in air force for 13 years as enlisted and now he is an officer in Navy. He will be able to retire within 9 years with at least 5K monthly pension. We live in military base housing and other than internet we pay nothing. Thanks to Japanese yen, living cost is so much cheaper than living in the states. Our next plan is also getting a station in Italy after 5 years of living in Okinawa, Japan where we truly enjoying our lives now. Then, we would like to retire in Portugal just like him. I worked as a RN for 5 years and heavily invested for those years. I have enough money to not work anymore. I still do some trading with stocks and putting capital gains which is range from 2k to 7k per month into long term investment. My husband saved up more than half a million now and expecting to retire with at least a million. We manage our money separately and it has been working great. :)

@ShutterSpeedGaming 26 дней назад

congratulations 😄you all sound like you're a part of the F.I.R.E. Movement "Financially Independant Retire Early.

@vanessaandreatta9098 17 дней назад

I had a boyfriend that planned the same future with me and signed for the Navy... Because he wanted to move to Italy where I lived. He went to Japan, San Diego etc, because the only base in Italy didn't need him. Of course, we broke up, and eventually, he also retire from the Navy heartbroken because he didn't achieve his goals despite his efforts. Unfortunately, we met literally a week after he signed up for the Navy. Happy to witness a couple making it like I wished❤ I often go near Aviano meeting family, there is not much to do really, it's a good place to save money actually 😅

@Noremac2310 11 дней назад

What do you mean you pay nothing? No subscriptions, phone bills, insurance? or where you just referring to housing utilities?

@babs4luck 23 дня назад

For him been an E6 takes years to get to that level ranging from 8 to 14 years on average and some people don't even make that rank.A lot people are not making that kind of money in the military. All I m seeing are negative comments of haters just hating on a young man raising his family. Military members do pay taxes as well. If you are willing to die for your country, you better be compensated generously like this young man after sacrificing over a decade of his life. If you haters are just miserable and want to better your life,no one is stopping you to join the military if you pass the requirement.

@stefaniadellarovere6488 26 дней назад

I live in Friuli Venezia-Giulia and I'm also doing FIRE and he is making a tone of money to pay 1,650 euros in rent. I mean, my monthly salary is 1,650 euros/month. His lifestyle is way beyond upper middle class: he is living extremely comfortably, possibly in the 5% of Italians considering how much he travels and splurges on many things, but that is due to the fact that he makes an American salary in a country where the cost of living is probably 1/5 :) Super happy for him, but it's easier to reach FIRE if you earn an American salary but live in a European country.

@pensacola321 26 дней назад

Oversexed, overpaid, and over there. 😊

@MrTmenzo 26 дней назад

Maybe it helps he's in the military but any expats wanting to retire in Europe can be expensive tax wise since tax rates are higher over there than the U.S.

@krewetkaaaa 24 дня назад

Yeap, they are family of 2+1 living in 4 bedrooms, 2 baths as far as I understand 🙈

@ilcasti 23 дня назад

Stefania, the don't pay that rent. It's the housing allowance that pays it. He doesn't get those money in the bank Account at all, the military pays for it. It's actually not a financially smart decision to live in such a bigh house at that pumped price when it's only 2 and half of them. He could potentially save even more. I known it because my wife had a house in Marsure and it was 4 beds 2 baths...huge... and at that time she was alone. On top of this, he's bills are paid, and car gas as well. As much as he is a better example than most people, he isn't financially smart he just lives a life that only 1 million people in the world live...the military members, no one else. So, not really an example for everyone.

@stefaniadellarovere6488 15 дней назад

@@ilcasti exactly!

@rafaelpaun1907 26 дней назад

That’s pretty awesome man. I was Air Force myself and I have a similar mindset. For tnis guy to be 31 and have over 500k in investments is really great.

@MFTW 26 дней назад

Respect to this guy. To get where he is now takes so much discipline

@dredayful 26 дней назад

Blessings, longevity and Gods favor over you and your new family. Keep going brother. ❤

@thomasnielsen126 26 дней назад

500k at 31 is crazy. I am 43 with 650k

@hppavilionf50 26 дней назад

The math is a bit suspicious... He would have had to save $1300 a month since the age of 18 and get a 10% annual return. It's possible, but seems unlikely when starting out in the military as the salaries are pretty low.

@sheh.9163 26 дней назад

He’s doing awesome! I’m 42 with only $330k

@garyish 26 дней назад

He’s an outlier for sure but it’s not crazy considering all your living expenses are paid by the military and they don’t even pay taxes while abroad from what I heard.

@pensacola321 26 дней назад

@@garyishhe is not an 0:20 officer, he is enlisted. His pay grade is E-6. I believe that is a Technical Sergeant.

@garyish 26 дней назад

@@pensacola321 so what part of what I said doesn’t apply to an E-6 ?

@hppavilionf50 26 дней назад

$1,280 a month on food for 2.5 people in Italy??

@ljm04d 26 дней назад

they travel as well

@holh7827 24 дня назад

I thought it was high as well, but given the age of the baby I attributed it to 'convenience' spending. My bill shot through the roof in the baby stage - too tired and busy to cook.

@ilcasti 23 дня назад

Family of 4 here living in the exact same area. We spend in groceries around 600 a month and take out/dining out 250. He most likely spends at the commissary on base which is more expensive.

@DannyWalker247 27 дней назад

Great story. I got my start in the Air Force and transitioned into another government agency for a total of 35 years at 55. I could have been fully retired but I went to work at a state college for another 10 years. None of it would have happened if it had not been for my military service. Aim High! USAF

@ShutterSpeedGaming 26 дней назад

Congratulations 🎉 and thank you for your service.

@ListedInTheSouth 26 дней назад

Good for him learning financial literacy at such a young age. I love that he gives his fellow service members free financial lessons.

@Sparkyzachchannel. 27 дней назад

Crazy how much they spend and Italy is way cheaper then the us

@paupy40 27 дней назад

Yeah I live in south of France and I spend half of them, ridiculous

@AB-tb7bt 26 дней назад

Yep was gonna say their expenditure is kind of insane, specially for where they live.

@GrahamWinship 26 дней назад

most of it is covered by their allowance.

@AB-tb7bt 26 дней назад

@@GrahamWinship They should live on their allowance and save up all the salary to have a more realistic scenario of how retirement would probably be like. Without a golden visa they're screwed in europe trying to retire early on what they'll have by 40.

@krewetkaaaa 24 дня назад

@@GrahamWinshiplooks like they are spending just because they don't get this money otherwise

@teenytinytoons 25 дней назад

Very disciplined fella and grounded. Much respect to him!

@caitlynpotter 26 дней назад

I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my second house in September and i hope to retire next year at 40 too if all goes well. Thanks to Mrs Elizabeth Messer for helping me achieve this.

@ChristineBillings-yt9cg 26 дней назад

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

@RiteJosh-ng7et 26 дней назад

The very first time we tried, we invested $1000 and after a week, we received $5900. That really helped us a lot to pay up our bills.

@FranklinFranklin_ 26 дней назад

I'm new at this, please how can I reach her?

@caitlynpotter 26 дней назад

she's mostly on Telegrams, with the user name.

@caitlynpotter 26 дней назад

@Annmesser15 that's it...

@Kristenshwan 26 дней назад

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life

@josehenry7205 26 дней назад

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

@x0cat711 26 дней назад

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

@nissan38p69 26 дней назад

As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

@WelseyWalker 26 дней назад

Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

@Richardson238 26 дней назад

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

@Giuseppe_Paolillo 27 дней назад

Me, an italian: "TF is this guy doing to make such money in Italy?!" Me after hearing him talk: "Oh, whatever. He is american."

@user-xr3ce1br9i 26 дней назад

molta gente fa 100k in Italia, magari non da impiegati, ma se hai una attività si può benissimo.

@Giuseppe_Paolillo 26 дней назад

@@user-xr3ce1br9i Vero, ma in genere se c'è una specificazione del salario così precisa, si tratta di un lavoro da dipendente.

@sauloncall 26 дней назад

Wait until some Americans come and say, "omg! Italy is so cheap and you have free healthcare and you can walk everywhere, omg!"

@lam7499 26 дней назад

@sauloncall okay I'll bite....is the above not true? I'm an American that knows next to nothing about Italy, but all the stereotypes lean into what you described.

@Giuseppe_Paolillo 26 дней назад

@@sauloncall point is Italy is cheap for Americans salaries. Italy is not cheap for Italian salaries.

@finnreinemer8709 24 дня назад

Love seeing more of these types of people, not influencers

@kevinstrong7520 26 дней назад

congrats and to others who are doing so well. It is so NICE to have a channel that is not filled with how to live overseas on $800 Dollars. You do what you have to do but you can't out run INFLATION on a fixed income!

@forevereveru 23 дня назад

He is an example that every military member should learn from. Job well done 👍

@sep6598 24 дня назад

That baby looks like a doll, she’s so cute ❤😊

@asnboy1084 26 дней назад

Monthly savings is very high, Good Job Guys!

@ricardoxelmundo5330 26 дней назад

Nice job man. That is my biggest regret, is not joinging the Chair Force to retire at 38. If i could do it again, I would!

@markymarcprod 26 дней назад

Great job 👍🏽

@Sowedintears6 27 дней назад

Congratulations on your beautiful little miss babygirl! Italy is so large, what’s the top more affordable places to live there?

@daphnemaegonzales 27 дней назад

great video 🎉

@whimsicalhamster88 20 дней назад

Him doing the floss dance for the baby is probably the best part.

@MrKijana23 25 дней назад

Get it my guy!! You're incredible, and the Military is better off for having such a seemingly even keeled level headed mature young man!

@pensacola321 26 дней назад

Looks like he is an E-6 paygrade. Tech Sergeant .Nice assignment and he is doing very well for his age. Nice job...

@Mr.Eeeeeeeee 26 дней назад

Cost of living in a lot of Europe is a lot lower than the US. 110k is a lot in Italy for a household. Look how much he can save and still enjoy his life. It is just different and better in a lot of ways.

@sauloncall 26 дней назад

Yeah salaries are also super low in these parts. His monthly expenses are what some people will make as a salary in Italy or Spain. Privileged Americans have it good!

@sweluhu29 19 дней назад

Looks like a humble guy. Congrats to him.

@kortyEdna825 25 дней назад

As part of my retirement plans and also owing to the very shaky housing market now, I just sold a property in Philly and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains in months, I'm really just confused at this point.

@foden700 25 дней назад

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge, And it also all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

@PatrickFitzgerald-cx6io 25 дней назад

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

@NicholasHarmon-ow3jl 25 дней назад

Impressive can you share more info?

@PatrickFitzgerald-cx6io 25 дней назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@NicholasHarmon-ow3jl 25 дней назад

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@user-gq6lc7xc7j 26 дней назад

1.4 Million Americans are active duty military. Salaries in America are higher. They don't get paid less when they move around the world. that's why more young people should join the military.

@Ascorbicon 27 дней назад

You can get by in those countries just knowing English? Italy, Portugal, Germany?

@branflakee4257 26 дней назад

Yes very easy. English and Spanish

@alesto4739 26 дней назад

Especially when you have contact with younger people English is taught since second grade as an additional language

@hppavilionf50 26 дней назад

The savings/investment in the pie chart at 3:27 and 5:53 do not add up. CNBC: please check your numbers.

@stevenharris6626 26 дней назад

You are doing a GREAT job!! It helps a ton to have a wife to on the same page......Fantastic!!

@logicae4096 25 дней назад

Smart couple however I would highlight that this why the US military should downsize. And not spend so much on foreign wars and affairs.

@sobewisdom 26 дней назад

Most of these people are not doing FIRE. It's a misnomer. it's more like FIDOS = Financial Independence Do Other Stuff.

@AB-tb7bt 26 дней назад

This couple's housing and utilities and groceries is almost all of our fixed monthly budget as a couple living in the UK and we're on a way higher salary than them, in a way higher cost of living location. 🤯Suspect they're in for a reality check if they want to retire early on that type of monthly expenditure, specially if they eliminate the Portugal golden visa which could very well happen by that time.

@nymphette175 26 дней назад

His wife is going to be working once he’s out of the military (they said that) and he gets a pension from the military outside of what he has already invested for retirement…he’ll probably also get medical disability too. It sounded like he will be doing some finance work. Retirement doesn’t mean not working. They’ll be fine.

@psyko0906 26 дней назад

A lot of crybabies in the comment section because they’ll never achieve what this Airman has accomplished. Great job, man! Don’t worry about these negative comments and keep doing you

@dredayful 26 дней назад

Cry babies is an understatement. More like haters. 😂

@LindseyObrooke 22 дня назад

Smart dude. This is what we call, *hubby material.*

@afriendabroad2083 26 дней назад

For those commenting on his housing costs, his housing allowance might be on a use it or lose it basis

@lonniesapp6908 26 дней назад

Overseas Housing Allowance (OHA) is "use it or lose it" for sure. You are alloted a certain amount and also get monthly utility Allowance as well. Basically, they will only give you precisely what your rent is (up to your cap).

@krewetkaaaa 24 дня назад

I guess so. It is still stupid and crazy idea They could easily live in apartment half the size

@ariefraiser140 26 дней назад

That's a pretty big budget for Italy.

@TravelerSanna 27 дней назад

*Just traveled for a second time to Portugal’s The Algarve. My aunt and uncle live there. So many expats living there. It is ideal and beautiful. I could see myself living there too.* ❤❤

@TravelerSanna 27 дней назад

For people who didn't watch the entire video. Yes, I know they are currently living in Italy. 😂😂

@biobossx99 17 дней назад

TSP millionaire and FERS goals, same here

@LIV-FREE-VET 22 дня назад

Smart guy. Should’ve joined the Air Force haha. Marines we lived for the day and didn’t think about things like that lol. Unless you weren’t in a combat role.

@Rashaadthegr8 24 дня назад

Shout out this couple being DEBT FREE BEFORE marriage. WHOOP! WHOOP!

@lorax4732 22 дня назад

Congrats! I’m sure this guy will do well financially and in retirement based on his disciplined approach to investing

@user-ic2vf5ou9c 24 дня назад

Portugal will welcome you both beautifully (written by a Portuguese tax and immigration lawyer)

@briancarlsen5721 26 дней назад

Nice

@Emilyghe 26 дней назад

Wait but why FIRE if you plan to continue to get a college degree? Won’t you be looking for a job after getting the degree?

@ShutterSpeedGaming 26 дней назад

He’s getting his finance degree so he can be better at his business of teaching financial literacy to veterans and service members.

@JamesGreen-jy5bs 12 дней назад

As a soon retiree, keeping my 401k on course after a rocky 2022 was my top priority, but I have been reading of lnvestors making up to 250k ROI in the stock market, and it’s overwhelming. any recommendations to scale up my ROI before retirement will be highly appreciated.

@Carldavis-xk2iq 12 дней назад

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

@JasonBush-lz7ky 12 дней назад

Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I made over $320K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know

@Darrylwest-sf2qu 12 дней назад

Please can you leave the info of your lnvestment advisor here? I’m in dire need for one

@JasonBush-lz7ky 12 дней назад

I don't comfortably throw suggestions around but monica shawn marti is the name.

@ScottEvans-eh8lg 12 дней назад

I'm grateful for this tip. Finding your handler was simple, and she seems to be quite capable and adaptable. I scheduled a phone call with her.

@DennisCrurch 26 дней назад

Out of all the financial institutions on RU-vid you are the only one who gives the easiest way to get rich. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Anni Juncina the lady you recommended.....

@RaymondHugs 26 дней назад

On the grand scheme of things, once you understand the potential of trading, you can bet on it but I think people need the education to fully understand...

@DaveRondon 26 дней назад

I think to combat the negative effect of inflation, it's a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, cryptos and real estate, since this can help. protect your portfolio against inflation

@FeliciaJagger 26 дней назад

Let's face it... Buying more stocks & index funds during stock markets are scary Which makes it really hard to do for mostly people like me. I have 260k want to transfer into an s&s isa but it's hard to bite the bullet and do it.

@Gee690 26 дней назад

Fact about investing is money invested is far better than Money saved. When you invest, it works for you and help you bring more money back to you

@LuckyPrancingUnicorn-oh8sw 26 дней назад

You're right! The very first time i tried. I invited $1000 and after a week, I receive $10,000, that really helped us a lot to pay up our bills

@infini.tesimo 2 дня назад

Just now saw this, I'll tell you right now that he makes it look very easy as a former personnel stationed there in that unlike the Security Forces personnel there, they are not paid that much and also have insane work schedules. Don't recommend joining for this and instead stick to staying at home. Don't give them a reason to fund the war machine by joining it.

@RomjanAli19964 15 дней назад

NiCe

@mmd2035 23 дня назад

Could anyone explain wtf the US gets to have military bases in other countries? This is insane...

@Rashaadthegr8 24 дня назад

Wait they only have like around $2K left per month. YIKES!

@forthdimension686 24 дня назад

It's the ravioli for me 🤤 2:37

@dty8648 3 дня назад

Is Financial Dream To Reality his Facebook page/group?

@triolove2002 27 дней назад

Im never within 5 minutes of a new video!

@rickyayy 27 дней назад

Wow everyone should join the military. Every American who wants the American dream.

@kevinstfort 27 дней назад

Except for those who don’t want to die or end up with ptsd from being sent to war.

@thenation2093 26 дней назад

We shouldn’t have to do that to achieve The American Dream!

@lucaclara4379 26 дней назад

Does he not have to pay the taxes in Italy and why can he still use his 401k, when he lives in Italy?

@krewetkaaaa 24 дня назад

He is hired by us army. so I am pretty sure he does not pay taxes in Italy

@ilcasti 23 дня назад

Nope he doesn't because of a thing called Sofa status. That's why his salary is awesome in Italy...otherwise it would get taxed 35% to 40 %...

@abgsyg-dl3le 17 дней назад

love the family, i wish u luck brother. love from malaysia. i think we have a similar baby age, my newborn is 4dec2023 haha

@abbyc.4215 26 дней назад

It's giving Ben Affleck.

@anom3897 26 дней назад

Cute family ❤

@PertinaxMaximus 26 дней назад

His mom is cute.

@danielcaceres9971 25 дней назад

Americans moving in with their insane salaries to Europe is only pushing prices all the way up for locals. This is happening all over the Mediterranean and this type of videos don’t even bother to cover the impact of all of this.

@thinkforyourself9334 25 дней назад

Stop 😭😭

@krewetkaaaa 24 дня назад

Exactly... Not thinking what it causes for country in long run

@williamkinzel3635 26 дней назад

Guys it's not about your asset base. It's about your spend. You don't need 3 million to retire. You just need to stop spend on crap. Even this guy has multiple what I'd consider frivolous expensive monthly subscription services and has a 4 bedroom house for 2 people and a baby. Obviously those things may be fine but what's the point of the process? Maybe focus on less and enjoy life more and cut down on earn and spend.

@krewetkaaaa 24 дня назад

It looks like he won't have more money in his wallet if he moves to smaller house. It is this strange "allowance" thing. Looks like US Army likes to waste money simply

@nfnadam 26 дней назад

Very inspiring 🇺🇸❤

@alesto4739 26 дней назад

How is his net income almost 10k …

@selfridgesforever4399 26 дней назад

Dunno why hes getting so much hate in the comments. If you put your life on the line for your country the least they can give you is some housing and food allowances.

@dredayful 26 дней назад

Haters equate to jealousy 😂

@ShutterSpeedGaming 26 дней назад

@@dredayful 😂Facts!

@krewetkaaaa 24 дня назад

Puting life on line...in Italy or Germany? 😂😂😂

@MusiKo14 27 дней назад

Is it just me, or is a year and a half not that long from first date to marriage?

@up-qw4jx 27 дней назад

If only you knew they personally 😮‍💨

@MoneyMan28 26 дней назад

$800 billion per year for military wars

@favoriteemail 6 дней назад

Yeah, no one talking about how much it's costing to keep this guy in uniform and then pay him in retirement. Note that I'm not begrudging him individually. But when the US military budget is quickly heading toward $1 trillion, that's scary. How much better would the US be if some of this money were being used to support education, healthcare, housing, infrastructure, small businesses, and so on.

@pinchasjm 26 дней назад

I love my job has long has I have health I will be working

@krewetkaaaa 24 дня назад

I never understood why family of 2 plus toddler need apartment with 4 bedrooms and 2 bathrooms. Do they sleep in separate bedrooms? 😂 If they would switch to typical 2 bedroom place (60-80 square meters) they would save a lot every month. But I guess this is "allowance" thing... they have flat as big as military allowance can get them 😂

@thinkforyourself9334 24 дня назад

Being overseas that is his monthly housing allowance. He can't keep any of it whether he pays $100 a month or $3000 a month. It goes off of what the lease amount/rental contract happens to be. It's not the same as the housing allowance while living in the US where one can rent a cheaoer place and keep the rest.

@Siyamthanda123 27 дней назад

Ahhh another person on CNBC Make It milking it by offering classes.. unique.

@psyko0906 26 дней назад

Maybe you should do something with your life that’s meaningful

@Siyamthanda123 26 дней назад

@@psyko0906 Yours is so meaningful you have time to respond to RU-vid comments, nice. I'll be like you.

@lenac3587 26 дней назад

Retiring and living on savings is not the way to go. Money will run out eventually with medical health bill to consider in old age. The value of money will depreciate over time due to inflation so 1million today will seem like 100k in the future. Retiring and having savings generate a passive income that will appreciate in value is important

@zachhecksel2920 26 дней назад

He seems to know what he's doing. I'm guessing the $1 million will be invested, and he'll live off the interest/dividends.

@thinkforyourself9334 25 дней назад

He will get a pension.once he retires

@SergeantmajorPhilip 26 дней назад

I'm favoured, $22,000 every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

@Marcelino457 26 дней назад

Same here, with my current portfolio made from my investments with my personal financial advisor I totally agree with you

@SuaraCheng-br8wo 26 дней назад

I use to work 3 jobs, full time at Walmart, a server at night and Lyft on the weekend, untill angela danielle crowe change my story.

@noahwilliam1288 26 дней назад

This sounds so good and I would like to be a party to this, is there any way I can speak with her?

@Marcelino457 26 дней назад

She is mostly/available on Business What asp.👎🏻

@Marcelino457 26 дней назад

She is mostly/available on Business What asp.👎🏻

@susankang6995 27 дней назад

First

@ericl6386 27 дней назад

Sounds like a great plan that this guy has for his family. I really hope that marriage lasts otherwise he might get taken to the cleaners. I know I am a pessimist😆

@pensacola321 26 дней назад

An overseas military service member salary of 110,000 is the equivalent of probably $200,000 for a civilian in the United States. Good for them. But they are treated very well by a generous Uncle Sam.

@thinkforyourself9334 25 дней назад

Join the military then or stop 😭

@pensacola321 24 дня назад

I am not crying Cletus. As a matter of fact I am retired military, loser.@@thinkforyourself9334

@paupy40 27 дней назад

2200 a month in Italy for housing is so stupid 😂

@stefanossmitty3318 27 дней назад

The man has $500k invested. I trust his judgment on this. 🤷🏾‍♂️

@paupy40 27 дней назад

@@stefanossmitty3318 well everyone can invest with an American salary in a small town in Italy. Nothing special

@stefanossmitty3318 27 дней назад

@@paupy40 well if you have $500 k invested, then I guess so 🤷🏾‍♂️

@paupy40 27 дней назад

@@stefanossmitty3318 I have 600,000 euros in real estate and I make less than this guy, Americans have it easy and you guys think you are special 🤣

@hellohello7142 26 дней назад

He might be in the core of the city center

@AnthonyBottari 26 дней назад

Oh that's it only 110k a year? No clue how he manages to live in such poverty.

@AG-so4gl 15 дней назад

And thats where your tax dollars go folks, military overseas have a great thing going on in terms of free money.

@JustinHyneswashplant26 26 дней назад

Really nice work

@kyleb1984 26 дней назад

That woman gonna take all of it.

@LogicPak 22 дня назад

as soon as he said i’ve saved 500,000 at 31, i stopped watching.. 99% of the population by 31 wont have that sort of money in their lifetime, let alone at 31, of course then you can retire by 40. Thumbs down.

@thinkforyourself9334 22 дня назад

You sound like a defeated man.

@mal7175 26 дней назад

That housing allowance is awesome, it's great to see people achieving great things with patience and a modest income. Ofcourse Europeans will complain, but they should ask their politicians why they have half the salaries for the same jobs

@krewetkaaaa 24 дня назад

Don't you really get that salaries are not the same around the word??? Prices also are not

@mal7175 24 дня назад

@@krewetkaaaa Did you read my comment and others under this video? Genuine question. Quite clearly a lot of comments from Italians regarding his salary being high for the location, maybe more time reading and less time commenting would help you???

@inbracedefeat 26 дней назад

woah I never knew military got a housing and meal allowance ON TOP of their salary. What is the salary for then? lol

@sheh.9163 26 дней назад

The salary is for Serving his country, protecting your freedoms, service before self, late nights, early mornings, sacrificing time away from his family, deployments, war, while also being required to stay physically, mentally, emotionally and spiritually fit, constant training and continuing education, and giving back to his community

@pensacola321 26 дней назад

@@sheh.9163military service members, especially after they get some rank and seniority are treated very well.

@inbracedefeat 26 дней назад

@@sheh.9163 ok bud name the last war we fought “for our country’s freedoms” lol

@sheh.9163 26 дней назад

@@inbracedefeat this is exactly why he gets the salary he does bud,smh… so you can be willfully ignorant. Bxtchin on the internet about what he’s earned, when nothing is stopping you from literally doing the same. Tell me, what have you sacrificed? Given up? How have you contributed in any meaningful way to this country? Does your family sit up at night worrying if you’ll make it home? Do you miss birthdays, holidays and other special occasions with your family?

@MrTmenzo 26 дней назад

@@inbracedefeat also some service members intentionally marry to get better benefits but they'll never admit it 😉

@hellohello7142 26 дней назад

110k a year is 3 times what a italian make a year

@garyish 26 дней назад

The US is also an expensive country to live in.. so Europeans are able to save more.. the median net worth of an Italian is same as the median net worth of an American.. $107k.. and the median net worth of Danes, Swiss, French etc is a lot more..

@krewetkaaaa 24 дня назад

@@garyisheuropeans saving more? He lives with US paycheck in Italy. Spending twice more than typical italian in Italy

@garyish 24 дня назад

@@krewetkaaaa not sure why both facts have to interfere with each other.. he’s saving more because he has an American salary and European expenses.. but if we make an apples to apples comparison (Europeans luv in Europe and Americans living in America) then the median European saves more than the median American. Look up global networth statistics

@ede.5487 26 дней назад

Thank you for your service 🫡

@sethbingo 23 дня назад

The math isn't mathing. Let's break it down. In the original article they mention his family's spending in March 2024. "Savings and investments: $2,230 deposited into his TSP and taxable brokerage account" Assuming his amount of income saved has remained the same during his 13 years of service (age 18 to 31), he would have been contributing $26,760 annually (12*$2,230) With an average return rate of 6% (conservatively) he would have just over $500,000 after 13 years. (Roughly $505,286.00) Base pay in the military is less than that when you first join at E1 like he stated, so he physically could not have save $26,760 his first few years. It is near IMPOSSIBLE to save $2,230 a month until hitting at least E4 (based on 2011 pay charts) when the annual basic pay for E4 was 2,230.80 (an almost exact match to the figures they claim mind you) Even with the benefit of the doubt and not getting any of his income taxed wouldn't put him at the figures they suggest in the article. Even if he saved money from his housing and food allowance it would be near impossible. A realistic expectation from 18 to 31 would be around $122,733.89-$159,397.63 on a maxed contributions Roth IRA My math might be wrong but I hope this gives a little more insight into how these claims are harmful to those saving what they already can.

@zackfoster8857 21 день назад

You are absolutely right. Assuming he enlisted at 18, it would not be possible. Also, I went on the Air Forces website and the max salary is 55k for enlisted E7. Given that being in the military covers the majority of the cost of living, but this guy is wearing nice clothing and watches. He would have had to inherited some of the money and or hit a massive equity return such as bitcoin.

@ImportAgentBenardo 26 дней назад

From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

@DHLEXPRESSINTERNATIONALDTS 26 дней назад

Wow that's awesome

@DHLEXPRESSINTERNATIONALDTS 26 дней назад

But I still love my mentor Sophia

@LucyAndrew-ct7iu 26 дней назад

To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particullarly on a weekly or monthly basis. That's the key to living financially stable....

@ExpressDelivery-cx8eq 26 дней назад

I'm celebrating a $52k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me