Check out ProjectionLab for free: marriagekidsandmoney.com/projectionlab (sponsor) - thank you for supporting free financial education content ProjectionLab!
I started investing as a demand planner too😂 I think there’s something about working with patterns understanding market flows that leads to being comfortable in the stock market
Sometimes lifestyle creep happens before folks understand wealth creation / FI stuff ....plus this kind of info that we have today was not easily available like few years ago.
As a part-time solopreneur, she coaches women on how to create financial independence for themselves. She previously worked in the tech industry for 15 years.
The comments about living in other places are pointless. They aint living in London or Sydney so the costs there mean the square route of jack shit. Your lifestyle is what you have left after bills, if you are living in these places with no disposable income, the joke is on you!
Also a 1 million dollar net worth will not generate enough passive income for you to retire in Europe. I’m betting her husband is still working to supplement the income from their investments which allows her to do what she wants. (Full disclosure I stopped watching at 5 min in) This “1 million dollar net worth means I’ve made it” idea needs to die. For someone to comfortably live on passive income generated from investments they would likely need about 3-4 million dollars at least. 1 million dollars invested really only brings in between $5,000.00 and $8,000.00 a month in passive income demanding on your asset allocation. With kids involved that barely will cover groceries car Payments day care, and mortgage and health insurance if you are not employed. $8,000.00 sounds like a lot but wait until you have to pay for braces, kids sports activities, music lessons, doctors visits, ear tubes and whatever else happens to come up.
I’m not understanding the point of your comment. They clearly state they have other income coming in and aren’t bragging about living on 1 million. Aside from that, in low cost of living areas, which they do have in Europe, $5k a month is plenty to live comfortably. I’m not in Europe, but if my pay was to go down to a consistent $5k per month, I wouldn’t sweat it at all.
I don’t know if you ever been to Portugal but with the 4% rule, trust me 40K per year in Portugal is more than enough. Not a lot of Portuguese families can claim to make that much money. Obviously, if you live in London, Brussels, or Switzerland, where I live, it’s not enough for a family of 4.
Look, I hate to be the one to say this but if there are two adults present in the household and there is a 1 million dollar net worth between them they are not millionaires. If in a divorce there aren’t enough assets in the black for both of them to walk away with one million a piece they aren’t millionaires. It takes at least a net worth of 2 million for an individual in a relationship to consider themselves a millionaire.
It’s not impressive. Particularly at 40+. Don’t get me wrong it’s not doing poorly either. But it’s not the Gold standard for early retirement or passive income.
Check out ProjectionLab for free: marriagekidsandmoney.com/projectionlab (sponsor) - thank you for supporting free financial education content ProjectionLab!
Love this one! That’s the dream lifestyle, and certainly was well-earned.
So glad to hear you appreciated it!
Stefanie gave me a lot to think about.
I started investing as a demand planner too😂 I think there’s something about working with patterns understanding market flows that leads to being comfortable in the stock market
Great video. Terrific story. Congratulations
Thank you for watching!
Another great detailed video 🎉 👍
So glad to hear you're enjoying the channel! We'll keep them coming :)
I'm glad she saw the light.
Absolutely!
Her experience is so inspiring, investing your 💵💯will give you freedom👏🏿👏🏿👏🏿
Glad you enjoyed this conversation!
Excellent episode, thank you! Very insperational story. Curious why they chose Portugal to live and how that change from US has been?
Great question! The cheaper cost of living in Portugal helps a lot if you let go of your 9-to-5.
It's much safer too - very little crime compared to the US. Also, healthcare costs are a lot cheaper too.
Great episode!
@@TravelingNP Thanks so much for watching!
It's kind of surprising they don't have more assets given how large their former income was. That said, sounds like a nice lifestyle they've built.
I agree. I have more assets and never crossed five digits before retiring.
Sometimes lifestyle creep happens before folks understand wealth creation / FI stuff ....plus this kind of info that we have today was not easily available like few years ago.
What are covered call ETFs?
I'm confused what does the lady do for a living?
As a part-time solopreneur, she coaches women on how to create financial independence for themselves.
She previously worked in the tech industry for 15 years.
Whoo boy. Comes off as so inauthentic…
The comments about living in other places are pointless. They aint living in London or Sydney so the costs there mean the square route of jack shit. Your lifestyle is what you have left after bills, if you are living in these places with no disposable income, the joke is on you!
Yeeeah...not enough.
First Latina I’ve seen in the FI space!
Stefanie is inspiring!
Also a 1 million dollar net worth will not generate enough passive income for you to retire in Europe. I’m betting her husband is still working to supplement the income from their investments which allows her to do what she wants. (Full disclosure I stopped watching at 5 min in) This “1 million dollar net worth means I’ve made it” idea needs to die. For someone to comfortably live on passive income generated from investments they would likely need about 3-4 million dollars at least. 1 million dollars invested really only brings in between $5,000.00 and $8,000.00 a month in passive income demanding on your asset allocation. With kids involved that barely will cover groceries car Payments day care, and mortgage and health insurance if you are not employed. $8,000.00 sounds like a lot but wait until you have to pay for braces, kids sports activities, music lessons, doctors visits, ear tubes and whatever else happens to come up.
Car payments?
Obviously it's a contentious point, but If my goal is to hit 1 million invested, I had better not have a mortgage or car payment to speak of, either.
I’m not understanding the point of your comment. They clearly state they have other income coming in and aren’t bragging about living on 1 million.
Aside from that, in low cost of living areas, which they do have in Europe, $5k a month is plenty to live comfortably. I’m not in Europe, but if my pay was to go down to a consistent $5k per month, I wouldn’t sweat it at all.
I don’t know if you ever been to Portugal but with the 4% rule, trust me 40K per year in Portugal is more than enough. Not a lot of Portuguese families can claim to make that much money. Obviously, if you live in London, Brussels, or Switzerland, where I live, it’s not enough for a family of 4.
$5-8k a month is enough to live in almost any country in the world.
Look, I hate to be the one to say this but if there are two adults present in the household and there is a 1 million dollar net worth between them they are not millionaires. If in a divorce there aren’t enough assets in the black for both of them to walk away with one million a piece they aren’t millionaires. It takes at least a net worth of 2 million for an individual in a relationship to consider themselves a millionaire.
but they aren't divorced ...
@@MarriageKidsandMoneyso? Two people and one millón equals 500k a piece. Not a millionaire.
It’s not impressive. Particularly at 40+. Don’t get me wrong it’s not doing poorly either. But it’s not the Gold standard for early retirement or passive income.
@@vicitfidelis1277 The average net worth of 40 somethings is ~750k. They're above the average which is great. Stop hating my guy geez lol.
@@vicitfidelis1277yeah, it’s probably only 95th percentile for their age. 99th percentile tile globally.
1 million is peanuts in Sydney hardly buy you a car spot in Sydney 😂😂😂😂😂
A million is a lot in europee
1 million doesn’t even buy a house in Sydney
They are not in Sydney