Divorce inspired her to learn about money. Then she retired early | FIRE Starters: MarketWatch
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- เผยแพร่เมื่อ 25 มิ.ย. 2020
- When Jackie Cummings Koski was getting a divorce, she learned that she'd saved much less than her husband in her 401(k). That led her on a path to FIRE, and after retiring at 49, she's on a mission to spread financial literacy.
Video directed by Brian Quist.
See this video on MarketWatch: on.mktw.net/3lc5EPu
Read more about Jackie's story: on.mktw.net/3wbpFvW
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What I am noticing. What we go thru pushes "us" to our destiny. She didnt stay in her situation she pressed on. Love it!!!!!
People are hating on her for starting with the settlement from her divorce but it was 65-100k and she retired with more than 1.2 million. Think about that.
I agree. She still had to grind. 65-100 is just a jump start which I'm sure she deserved.
It would suit her if she paid back the 100K to her ex if she's up 1.2 million. But that probably didn't happen.
@LovingLyfe Great way to create a story out of thin air. Either way, she made enough money to save just as much as him. Now she runs with another persons money to fund her retirement.
Anybody hating on her is missing the point… I only got 10,000 out of my divorce in my mid-20s, but it was still a catalyst for me to learn about finance because as women we often expect a man to handle that and we don’t take care of ourselves.... Her point was that her divorce made her look at her finances for the first time and to educate herself, I totally relate and good for her!
@@jstncheney yup she was too stupid to save herself, so she stole her husbands money
Those dissing this woman are expressing sour grapes, pure and simple. Y’all are just jealous!
This woman is so inspiring. When my dad died suddenly, it left my mom with little financial knowledge. She had investments and savings but she didn't know anything about it because my dad dealt with it. This knocked me into gear so I have spent the last year educating myself and my mom on how to make our money work for us. I'm lucky that I make a good salary but financial education is so important so that I learned not to waste money.
Congrats on all the good work.🌏🌎🌍
God job! I started saving very late, like when I was 52 years old. I started to buy some stocks and learned as I went. You win some and you lose some. I had hoped to retire early, but my stocks plummeted 2019-2020 so I had to keep working. I had some high risk shares to speed things up and I knew that was dangerous. I'm happy to say that my stocks have gone up like 130% this year and I hope it will continue up for a while :)
What I was going to say was, people would be surprised to know how easy it is to learn about the stock market. There are lots of good books and plenty of pods and TH-cam videos. I am also a member of a group on Facebook with 25 000 women learning about stocks and fonds!
I'm surprised her husband hadn't worked with her on her 401k since he had been doing well. Don't married couple have those kinds of conversations?
Clearly not everyone. One can hope.
I was surprised about that too. That seems off to me.
That's why they divorced. He did not work with her.
That's why they're divorced.
no the woman just takes half of his shit & calls it a day.
She did a GREAT job in 7 years' time!
Her journey is so inspiring! I hope to be like her someday.
So, you would like to get your investment money by stealing from someone then make wise choices to get rich?
Co-sign!!!
It inspired me, as a successful single man, to continue dating and not risk what I worked for so hard for it - My Life.
@D. J. Ew. You've commented on every post about the settlement she got from marriage. You're disgusting and your mysgonoir is showing. Get a life weirdo.
Ignore these triggered beta trolls. You will reach your goals. Just stay focused and work a little at it each day.
The fact that she was divorced with nothing but 20k in her RA, and had a daughter!! (Bills, tuition) that’s so incredible.
Really inspirational journey, so many of us are financially illiterate and would benefit from becoming more educated. Really appreciate the video.
This is true Daniel
Incredibly heart warming. The added bonus of you helping others educate themselves was the icing on the cake. 😍
Love this! Wish someone would have taught me how to invest.
She stole her ex money
Never to late. I’m 59, assets growing by $55K a year; just nine years and I’m at my number. 3 more years and I’m moving where it is cheap to live. Just remember, the first $100K is the hardest.
I'm 35 ...So far I got 225K in my 401k....I feel bit behind....I finished paying my house this year....I need to start saving more...
@@joseperez2003
You are doing absolutely fantastic trust me.
You are least 20 years ahead of most.
Thanks for sharing😍. I’m 50 and JUST STARTING/understanding😢
That’s what I’m talking about! I will retire at 50 - 2 years to go!
😁😁😁😁
Just did it as well, but at 52.
I can help if you have friends that either run or own a business! We can help them and get you a residual income
We are doing the same thing. I will be 50 and my wife 42. If it is investing we do it.
@@SmithFam2323 Awesome. It's getting more and more common.
She is amazing! I agree with her, we should teach financial literacy to everyone!
Shes a thief....
Agree, all 4 years of High school every student should have a finance class and a class that teaches kids how to do basic home things like changing home air filters, changing door locks, faucets etc etc
You are such a powerhouse, good for you mama! You and your daughter’s future is secure.
Jack Lan this isn’t the page for that kind of bs! Exit left 👏🏼👏🏼
Wonderful story! Love how, in the face of adversity, she buckled down, worked hard and smart, set out her goals, and accomplished them. That's the way to do it!
What adversity? And what hard work? She literally ruined her husband's life, took the house, and took a majority of his money.
She found an accountant and had all his money to invest. The only inspiration that it should be taken from this is for guys to stay single and not get married.
Honestly how would you feel if all of a sudden you lost your home, your kids, and more than half your money, then kicked out of your own house to the streets?
@@user-dy2xu3uv8k 1. Where in the video did it say that she took the house?
2. Where in the video did it say her husband was "kicked out" of the house?
3. Where in the video did it say she took the "majority" of her husbands money?
4. Whee in the video did it say the husband was kicked out of the house and onto the "streets"???
I swear you mgtows are so damn dramatic
@@MichelleJones-vd3pv
Yeah where? I didn't hear her mention any if that either???
My ex had over $150,000K in a retirement account and I had only 15K when we split. I was the stay at home parent doing a little consulting work until kids were school age.
They kept their retirement account and I got the house. I have saved enough to buy two investment doubles while they are splurging on cruises, trips and new cars.
I will be retiring first. By a lot. Choices.
Yaaass 👏🏽👏🏽👏🏽
Who is they?!
So you basically spent all his money when you were together and then after you split you still wanted more so you took the house.
No wonder marriage rates are falling year after year. With all these gold digging women stealing what men have worked and saved for their entire lives, and then claiming that they deserve half or more of the guys Financial portfolio because of a fees years at home,again spending his money.
Get real lady hiring a babysitter would not come anywhere close to the price of a house, and find me one grandparent that doesn't want to babysit their grandson or granddaughter.
It seriously is a problem the suicide rates for divorced men is ridiculously high.
How would you feel if he took the house, half your money, your kid and then kicked you to the streets?
@@user-dy2xu3uv8k Why do you assume that I am the "gold digging woman"? I never said my ex was my husband. Who hurt you, cretin?
@@lw3269 gold digging piece of crap either way.
That's why nobody know about money because it's been such a taboo secret. Pitiful. You don't even learn about money in school. That's because the society does not want you to know😁
Ruby O'kosi Because with you in your teens and twenties most of us will not listen.
I am so proud of this woman. Jackie could've been depressed, discouraged, and just down from her divorce. No She said Im gonna provide for myself and my daughter and went straight to an investment club! God bless this woman. No matter what life brings you, you can rise above it.
So gratifying to watch her in this space. Representation matters!
💯 🎯 👍 💪 💝 ✊ **FacTz.!!!*
When I was divorced at age 45, I had NO 401 K (I had been a mom, homemaker and husband supporter. My degree was 25 years old and I had not worked in over 25 years due to a serious Autoimmune Condition. I got NO support from him. (I was brainwashed.) I took in renters into my home to pay my bills and cleaned houses for $10.00 an hour. It took me a year but I found a sales job selling cellular phones and making around $21,000 a year but at least I had benefits finally. This is a typical story of a woman and divorce.
You are so Right !!!! This is the Real Story. God Bless You for Sharing Your Story.
Wishing you the best.
Yes. It is.
I hope the job is going well . A lot of places are laying people off.
Why does everyone keep mentioning her divorce settlement? She could've just pissed it away. She didn't, she worked hard and invested wisely. She's inspiring!
I want to know how the heck her father raised 6 kids by himself.
Yes!!!! She did brilliantly. Well Done👏👏👏👏👏👏
@D Goshay you do realize that when she got awarded all that money she just went to an accountant and he invested it for her. All she did was listen to her accountant and take her free money and put it where he told her to. You girls are on such a female Power Trip these days that you can't see logic when it's literally right in front of you. She didn't do any hard work are you actually joking.
@D. J. That's just how things work nowadays.
You can protect yourself by not marrying and not having children.
It was his option to marry her.
So awesome. Love how she is teaching others about financial literature.
wow Jackie is amazing!!!! I want to watch “The Jackie show”.... I need more Jackie!! ❤️
So inspiring, pray for me y’all. I want to pay off all my student loans and then once I’ve done that I will start focusing all my energy on saving and investing
Hello how are you doing???
This is awesome...I didn't know this was in the city I live in.
I wish her all THE BEST 👏👏👏
How can I meet and be mentored by her? Oh my! 💗♥️
You want to be mentored by a thief?
@@user-dy2xu3uv8k That is exactly the first thing that came to my mind. What a disgusting person..
T a thief? she did it legally 🤷🏾♀️ lol
T clearly you don’t understand marriage. What is yours is mine. Get used to it, don’t get marry, or have a prenup. As the name implies prenups are for before marriage wealth. After marriage half and half!
Wow her story is amazing! Love this
This definitely gave me motivation🔥🔥
I love this video. Im 26 and feel sooo so so soooo behind financially with regards most people my age.
But her experience shows it's not too late.
This is such an aspiring story. Thank you for sharing. I’m on the same path! I am learning about financial independence, tax breaks for the 1% and self employed, real estate and stock investments. My goal is to be financially independent in 10 years. I personally have never had plans of retirement. Just freedom. She is inspiring me to start an investment club
I'm 35years, a single mom, going through a divore and saw "divorce and retired early in the title" I'm all ears.
This is such an inspiration. Retiring early is one of my goals, too 👌🏼
Thoroughly enjoyed her story!!!!!! I wish her nothing but the best💕💕
Please do some TED talks and an audio book. You have so much wisdom and a great speaking voice. This is stuff we NEED to hear!
Want to know about this investment club. Seems like it had a lot to do with her financial literacy.
Me too!
Loooooved this!!! I'm using FIRE also!! 45 now and will retire by age 50. Thank you and congratulations 👏 🥰🥂🙌🥳😉
Our community need you!!!
wow. I am exactly her counterpart. Same situation, but male and 55. Enjoying life now.
Great story! Very inspirational
You ladies have everything going on for you. I really appreciate your dedication towards women and young people. All the best!!!!😊😊😊😊😊😊
Dang I want her to advise me! What an inspiration!!
Great story. Thank you!
Hello how are you doing???
Congrats to you!! This is so inspiring!!! ♥️
Yes, girl! do the dang thing! I'm so proud of you. I love seeing people take their power in their own hands. So inspiring.
Beautiful story
Jackie, you are AMAZING!
This is so inspiring!!!
Awesome, Jackie you’re inspiring!
Had she stayed in that relationship she would have never thought about investing. I am in a long-term relationship, I see how it holds me back because he doesn't have an education background, isn't trying to think of a better job, or owning a business, or retirement and this is all I think about as I don't have a child yet in my early 30's, plus I am scared to date and move on because I want a child and figured I have invested in this relationship.
Once you have child with someone you are vested in a lifelong relationship. Consider a spermbank less financial woes.
SMH
Thank you for sharing!!! Very happy for her!
I needed this! Thank you kindly.
Amazing achievement well done to her!!!
Wow so inspiring awesome work!!
This is why I do what I do. Financial literacy is vital to economic survival.
I LOVE THAT she is mentoring now!!!!
So much inspiration ❤
Ok, i have an issue with people saying she 'stole' her husbands money..... She risked her damn life to give birth to THEIR child and meanwhile she had to be a babysitter, nurse, cook and teacher to THEIR child while still working. Imagine her husband having to HIRE a private chef, babysitter, nurse and teacher. 100k is nothing! Women need to start charging for labor around the house because that's where most of their time goes to.
Edit: lets not forget that he would have to pay a surrogate to birth his child!
I needed to see this video , thanks MarketWatch, Jackie is FIRE.
I. Love. This.
We need more educational programs like this
While everybody is debating her start 🙄I just want to know how do I get into an investment club? 🤷🏻♀️
NAI ANI google invest club for your city. Meetup.com usually has a current list. This is for in person usually but in this time, zoom can connect you with people from all over.
NAI ANI A great way to start is podcasts. Give them all a trying. You will get the little tidbits you need.
I recommend the motley fool.
Woow so inspiring!!! I'm trying to retire by 40 become financially free by 35 tops. And I'm on track day trading while investing, buying my first rental property working a few months thanks to everything I've saved thus far. The best since I'm 33 and live with my parents I'm able to play around with 70% of my income and since my lifestyle is extremely cheap a lot can be done without having to make a crazy salary.
A lot of people arent in better situations financially because they choose to be that way I flipped 4 properties while making only 13 an hour 2 years ago and those fund started everything.
What I DO REGRET IS COLLEGE the biggest expense and a complete waste of time! I would had so much money now if it wasnt for paying of all my debt.
So inspirational!!! After decades of oblivion, I'm as of this year on my way to FI and financial literacy. This lady really inspired me. She did it as a single mom. This is superhuman! Thank you so much!!!
I did pretty much the same thing and now I am enjoying "retirement" as a park ranger :)
I am loving all over You!!! Your are rocking it. Love from Ireland ❤️
great story. everyone can do what she did. it’s not hard. I did it too. it just requires focus and discipline.
cato And money. If she had no money coming in she would not be able to contribute max in every account she opened.
Inspirational 😊
Awesome and inspiring
Good for her. Motivating story. Financial literacy is too uncommon
so inspiring!
Very inspiring story!
Inspiring!
I’m so proud of her!!! I plan to retire once in my mid 40s too!!!! Financial independence, and coast fire is sooo imperative.
This is awesome.
Inspiring
I'm so happy for her! Not only she retired early, but she has also found a meaningful cause for the next chapter of her life! :)
Amazing story. She could have wasted her money and time but she pushed herself to learn to be financially free and independent. How can you hate on that? Amazing!!
The fact that she is in Dayton, Oh! Wow. I spent half my life there and let me tell you, that's the least inspiring place to live. This video is confirmation that I'm on the right track in life.
Haha don’t put the town down! I love the bike trails around it.
Yessss Dayton!
Nice work Jackie
Very inspiring
Hello how are you doing???
👏🏽👏🏽👏🏽 Props to you and your father. Both are very inspiring
Jackie is a true example of what a woman can accomplish if she takes charge. Her story is so inspiring. Best of luck to her!
We do not know how much she got from the divorce. She said she got $60k from his 401k; which was half of the account. I'm sure there were other assets that she received as well.
Also, did she receive alimony and/or child support? Knowing the answers to these items would provide a better understanding of the full financial picture.
However, growing from $575,000 to $1,100,000 in 4.33 years from significant contributions and gains is an accomplishment!
She is Sooo inspiring
Never been married but in my 20s and teens working in banking I definitely witnessed married couples who have financial issues and the divorced aren't a pretty picture so I learned to keep independent accounts.
Excellent video
Very inspiring 👍👍👍
That is awesome that she is focusing on financial literacy.
Omg!!! Love this!! I wish I had known this early on.
Thank you🙏🏽🙏🏽❤️❤️
Great story!😊😊😊
Love her story! What an inspiration 👍🏾❤
Hello how Re you doing??
AWESOME!
Remarkable life story 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾.....
Hello how are you doing???
What a great story! Jackie, you inspire!
Hello how are you doing???
Just learning about money. Love this 😁
Good for her!
I loved when she said I wish I had learned more !
Oh that's true...so tell me how are you doing???