How I Quit My Job And Left NYC With $300,000

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  • เผยแพร่เมื่อ 12 พ.ย. 2024

ความคิดเห็น • 355

  • @RockyMountainGardener
    @RockyMountainGardener 2 ปีที่แล้ว +203

    You can say that she isn’t fully retired but 3000 USD a month for an average of 1.5 hours of work a day is pretty darn good!

    • @autobotdiva9268
      @autobotdiva9268 2 ปีที่แล้ว +9

      she is actually barista fi

    • @BlueStreak706
      @BlueStreak706 ปีที่แล้ว +6

      exactly! I was wondering where she got the job to do some reading for 1.5 hour per day for $3k a month. I need to get that job hahahah

  • @NHJDT
    @NHJDT 2 ปีที่แล้ว +95

    22 years ago, my husband and I made a decision to live off one income and save/invest the other. Once we had three children we couldn't do it but for awhile but stuck to this game plan. At 34 we paid off our cars. By the following year the house. We have another $1million and now we are able to just travel while working. We wanted the freedom to retire but I'm partially working and he works full-time.

    • @career5690
      @career5690 ปีที่แล้ว +5

      That’s great 😃

  • @JujuGurgel
    @JujuGurgel 2 ปีที่แล้ว +56

    I love hearing these stories! people finding true freedom and taking ownership over their lives, money and happiness. Great music to my ears.

  • @swicheroo1
    @swicheroo1 2 ปีที่แล้ว +213

    I paid off 25K in credit card debt. I got that debt after I traveled around the world for a few years when I needed to sort things out after a sibling's suicide. The debt came upon my return to the States and being unemployed for an entire year. Got a job in my hyper specialized field. It took a little over a year to clear that debt. It helped that I had moved to a small town for my job. The rent for a 4 bedroom house was 700 bucks. There was really nothing to buy. And not too many restaurants to go to. Beer at a bar was 5 bucks. And since there was no peer pressure to go and do fancy things, I didn't feel too much bummer-ness in the whole experience.

    • @jones2277
      @jones2277 2 ปีที่แล้ว +4

      was this before social media was a thing?

    • @GG-tf1tc
      @GG-tf1tc 2 ปีที่แล้ว +16

      @@jones2277 you can delete social media for a few months until you get your debt and mind cleared up.

    • @jones2277
      @jones2277 2 ปีที่แล้ว +3

      @@GG-tf1tc i don't have debt.

    • @monikapastor1958
      @monikapastor1958 2 ปีที่แล้ว +4

      That's really impressive and congratulations. I'm in a similar situation, need to move. What was the state and city that you had moved into finding 4 bedroom house for $700?

    • @Haliosman
      @Haliosman 2 ปีที่แล้ว +1

      @@monikapastor1958 I don’t know where he lived, but Huntsville Alabama came to mind. Job are available and rent prices are cheap.

  • @Allinmyworld
    @Allinmyworld ปีที่แล้ว +16

    I love this! No parental help, no selling her house, she really saved and made a journey of work and her FI journey

  • @DebtToDollars
    @DebtToDollars 2 ปีที่แล้ว +52

    Moral of the story: tackle your debt, live below your means, and save! Anyone can do it with financial discipline 👍

    • @Baruch-Hashem
      @Baruch-Hashem 2 ปีที่แล้ว +1

      as long as inflation and market drops so not devistate your purchasing power. Inlation above 8% - everyone loses.

    • @LolaSemone
      @LolaSemone 2 ปีที่แล้ว +5

      Not everyone makes six figures

  • @sofonomics
    @sofonomics 2 ปีที่แล้ว +18

    Diania, I love Optimal Finance Daily! Those podcasts changed the way I managed my money in 2019, not to mention they are super short and informative. Happy for you!

  • @AAAA-nv5cf
    @AAAA-nv5cf 2 ปีที่แล้ว +347

    I’m happy for her but when you’re making 6 figures, no kids and your NY apartment was cheap even fir NYC standards it wouldn’t be that hard to partially retire. Her issue was she was partying too much by spending 2-3k a month.

    • @thru_and_thru
      @thru_and_thru 2 ปีที่แล้ว +18

      Soooo true.

    • @EricaMCross
      @EricaMCross 2 ปีที่แล้ว +3

      Amen.

    • @tmm6884
      @tmm6884 2 ปีที่แล้ว +4

      Exactly

    • @FleurRebelle
      @FleurRebelle 2 ปีที่แล้ว +11

      Well when u have kids u got to put them first…

    • @amgooder
      @amgooder ปีที่แล้ว +1

      🎯

  • @blank.9301
    @blank.9301 2 ปีที่แล้ว +19

    I'm Australian and I love this channel 😁👍. Makes me want to do well and better myself.

  • @suvari225
    @suvari225 2 ปีที่แล้ว +103

    I mean, if you are paying only 600$ for mortgage and generating 3000$ (assuming post-tax) income per month, you are in a good shape even without having 300k on the retirement. But of course it helps to achieve “FI”.
    Also, most people don’t want to be forced to work. But, people want to work, too. So, it is great to be saving for the worst.

  • @jasminecontreras7341
    @jasminecontreras7341 ปีที่แล้ว +17

    I’m so glad I stopped drinking at 23 I’m gonna do my best to keep my body fit and eat healthy for the rest of my twenties and beyond so I don’t ruin my brain or get flabby. I want my 30s to be a reflection of how I treated my body in my 20s and this was good motivation to do things the right away in my 20s instead of seeing it as a “who cares I wanna party while I’m young and be an independent woman who doesn’t need no man” phase

    • @mattlaeff724
      @mattlaeff724 7 หลายเดือนก่อน

      Yes! I stopped at around 28.

    • @art837arm
      @art837arm 6 หลายเดือนก่อน

      What does not wanting a man have to do with anything?

  • @vjvj85
    @vjvj85 2 ปีที่แล้ว +68

    This channel lets me know one day I will leave poverty and live the life I want to live. It won't be a stroll in the park though...

    • @ForgingMyWins
      @ForgingMyWins 2 ปีที่แล้ว +3

      I feel so sorry for people like you. There is a reason 135k a year is 5 percent of the world.

    • @myreel
      @myreel 2 ปีที่แล้ว

      Life is hard.

    • @kame1624
      @kame1624 2 ปีที่แล้ว

      make video content while strolling in the park and get paid!

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว +2

      @@kame1624 Get paid after you establish a following, get sponsors, and allow advertisements on your page. Details matter.

  • @anoukc6928
    @anoukc6928 2 ปีที่แล้ว +47

    She was spending $2000-$3000/month in her 20's just to going out and party...This is a huge amount of money she wasted!

    • @candacedawn357
      @candacedawn357 2 ปีที่แล้ว +1

      Indeed!

    • @jl1695
      @jl1695 2 ปีที่แล้ว +10

      Not really she had fun , everybody waste money at some point though in there life

    • @anoukc6928
      @anoukc6928 2 ปีที่แล้ว +5

      @@jl1695 you can have fun for less than $2000/mo. Like, much more less

    • @jl1695
      @jl1695 2 ปีที่แล้ว

      @@anoukc6928 true but 2000 can go by easily just by being out everyday

    • @AntonVitullo
      @AntonVitullo 2 ปีที่แล้ว +1

      2k isn’t a lot of money

  • @thegazetteyt
    @thegazetteyt 2 ปีที่แล้ว +23

    I love how she back loads the most important part of her story, "I had a six figure salary."

    • @amgooder
      @amgooder ปีที่แล้ว

      🎯

    • @jayocean4724
      @jayocean4724 ปีที่แล้ว +3

      Exactly she had the means to save and pay off debt in a short time span. She was making over 100k a year so saving 300k should have only taking a few years the average person needs decades

  • @showbling
    @showbling 2 ปีที่แล้ว +31

    100%. FIRE is not about quitting work. It gives you a peace of mind about future uncertainty. :)
    Most ppl with FIRE do not think about having kids as they can get expensive.

    • @tropicallyfit
      @tropicallyfit ปีที่แล้ว +2

      Oh please. Speak for yourself. For MANY people FIRE it is about quitting work and I am one of them!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @roeintro
    @roeintro 2 ปีที่แล้ว +3

    Lol, I started listening to Optimal Finance Daily back when it first started. This is full circle for me

  • @SwiftlyScrumptious
    @SwiftlyScrumptious 2 ปีที่แล้ว +19

    To save money: Cook your meals and eat out less! Also, move to a town with low cost of living. BTW, I listen to her podcast too👍

    • @Ace-xt8lv
      @Ace-xt8lv 2 ปีที่แล้ว +5

      The whole country is now practically unaffordable rent /mortgage wise

    • @cutthechicken194
      @cutthechicken194 2 ปีที่แล้ว

      No to save money is having a 135 k salary & be single

  • @datingamedicalstudent9129
    @datingamedicalstudent9129 ปีที่แล้ว +7

    I don't see how she saved enough for retirement. 300k ish of investments in your 30's does not seem to be enough to stretch you into your 80s even with her low rate of spend. She hasn't discussed how she obtains medical benefits with her low salary. Additionally, that nest egg she has with 4-5% annualized return only equates to 1.2 million or so at 65. It is really not enough when you factor in other expenses between now and 65. She will need to earn much more as she goes - I wouldn't count that as FIRE. If she had 2 million dollar nest egg then yea - I would say that is FIRE.

    • @volga981
      @volga981 6 หลายเดือนก่อน +2

      She explains that the plan is to let $300K grow over time till retirement, while living on the side gigs money.

  • @lvega5606
    @lvega5606 2 ปีที่แล้ว +38

    I've been thinking about taking this same path. I spend way too much time working, and have become extremely unhealthy. I don't have the energy or time to buy groceries, and so eat whatever chips or cookies are around the house. I barely sleep or exercise or shower. I am honestly worried that I may pass away if I continue on like this. What good is a semi-high wage if you're not going to be around to do anything with it.

    • @autobotdiva9268
      @autobotdiva9268 2 ปีที่แล้ว

      set it up,get to it!!
      #coastfi

    • @lorrainea.285
      @lorrainea.285 2 ปีที่แล้ว +2

      @ L Vega…You are just VERYYY LAZY!!!! I work full time as a Senior Scientist in Pharma & I make all my foods plus I have not purchased lunch in 6 years which is basically since I graduated college. I also run everyday, dance & jumprope, 7 days a week!! Just stop complaining & being lazy because making food & taking control of your life is freeking easy!!!🗣

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว

      Get acupuncture.And weekly massages. Request a meal plan that suits your lifestyle. You'll experience a positive impact.

    • @SeaFlower38
      @SeaFlower38 ปีที่แล้ว

      R u working from home and that's why? I get that. It's important to make a reason to leave the house like taking a work out class or like someone else said, get a massage. If you do that, u will feel like u have a reason to shower, and while ur out, u will think oh I'm already out so I might as well do something else like go to the store. You also Need sunlight. At the very least, open the windows and blinds for a couple hours a day and look outside frequently.. then progress to going to take a walk. Ur just in a funk, but a funk can really funk up ur life if u dont get out of it.
      If you really are working that many hours, maybe u really do need to take some time off to get ur head on straight too

    • @z7z766
      @z7z766 ปีที่แล้ว

      Don’t spend your tume and money on some bs. Save and take a month off

  • @alexcipriani6003
    @alexcipriani6003 2 ปีที่แล้ว +22

    how is your 401k guarantees your retirement that’s dependent on the market overall … how would you know if you haven’t retired yet

  • @bee1979
    @bee1979 ปีที่แล้ว +5

    1800/month for a 1 bedroom in Brooklyn now is a steal 😭

  • @caroline9565
    @caroline9565 2 ปีที่แล้ว +9

    Awesome!! This is what I call “not being married to your job” you only live once!

  • @Vanessa-iq3vt
    @Vanessa-iq3vt 2 ปีที่แล้ว +2

    She dropped so much gems

  • @christinenicholls07
    @christinenicholls07 2 ปีที่แล้ว +3

    Thank you for the inspiration

  • @lilibethvilella
    @lilibethvilella 2 ปีที่แล้ว +4

    Enjoyed this so much. Trying to retire in 5 years. Have always been told I have a radio voice when I’ve been on radio. How do you find podcast reading gigs? Hi from miami 🙋🏻‍♀️

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว +1

      Determine a niche/topic, Purchase equipment if necessary, Go to spotify and set up a podcast account, get sponsors to bring in revenue. Miami is a 'Hot' topic. People would love to know more about the culture, the people, the food, cost of living, real estate etc.

  • @martinoignisci7300
    @martinoignisci7300 2 ปีที่แล้ว +25

    If people stopped burning money buying the ultimate useless stuff, they would be FI at 40-45. Of course, it implies moving to a more affordable place. Perhaps I am exaggerating, but we buy too much rubbish and make billionaires richer.

  • @sophia8405
    @sophia8405 2 ปีที่แล้ว +9

    i listen to her podcast
    Optimal finance daily
    It is great ❤❤

    • @SY-im1gi
      @SY-im1gi 2 ปีที่แล้ว

      Share the link please.

  • @tracilynette2984
    @tracilynette2984 2 ปีที่แล้ว +23

    11 months to pay off debt is a luxury for sure

    • @MashiroRedo
      @MashiroRedo 2 ปีที่แล้ว +2

      Depends on amount and how much you make and save.

  • @asnboy1084
    @asnboy1084 2 ปีที่แล้ว +24

    she was saving like crazy, could have reached FIRE sooner if she stayed in NYC and saved longer

    • @lvega5606
      @lvega5606 2 ปีที่แล้ว +15

      Sometimes the situation at your job is so bad that you can't continue on.

    • @radhikapatil1986
      @radhikapatil1986 2 ปีที่แล้ว +3

      @@lvega5606 exactly.. peace of mind and sanity is priceless. She said the new boss didn't treat her well. And that's why she quit. I'm guessing the situation was beyond her tolerance level.

  • @-1.I.L.I.M
    @-1.I.L.I.M 3 หลายเดือนก่อน +1

    Congratulations 🎉

  • @yco67
    @yco67 ปีที่แล้ว +3

    1.5 hours of work a day and $3000 dollars? this sounds very extraordinary..

  • @coderider3022
    @coderider3022 7 หลายเดือนก่อน +3

    So she is NOT retired ? Another FIRE that just changed jobs. Yet to see anyone actually retire.

  • @Trumppower
    @Trumppower 2 ปีที่แล้ว +11

    Everybody on CNBC makes at least 100k+ $... Financial Crisis? Lmao...

  • @yifeihu8447
    @yifeihu8447 2 ปีที่แล้ว +12

    So you live in NYC with $135,000 which is roughly around $100,000 after tax, yet you can save around 60% so somehow you can stay in NYC for $40,000 a year. It's not easy to survive with $40,000 a year in NYC I know many whos rent alone is way beyond that.

    • @wachinstuf
      @wachinstuf 2 ปีที่แล้ว +9

      Unfortunately $135k annually is nowhere near $100k after taxes. As someone who started his career in NY at $123k, after taxes, insurance, 401k contributions, take home was around $72k

    • @BlueStreak706
      @BlueStreak706 ปีที่แล้ว

      I think she moved to Ohio. Maybe I'm wrong she was ranting.

  • @saulgoodman2018
    @saulgoodman2018 2 ปีที่แล้ว +29

    Stop calling it fire. Working, even for yourself, is not retiring.

    • @tracilynette2984
      @tracilynette2984 2 ปีที่แล้ว +1

      exactly. and we never get updates a few years in to see what changed

    • @co563
      @co563 2 ปีที่แล้ว +6

      So graham stephan isn’t FIRE? Sounds like projection and jealousy. Buy some stocks instead of hating on people richer than you

    • @tracilynette2984
      @tracilynette2984 2 ปีที่แล้ว +2

      idc who that is but retire early is part of the acronym and that's a simple fact babe

    • @saulgoodman2018
      @saulgoodman2018 2 ปีที่แล้ว +2

      @@co563 No one is hating on anyone. Except for the term.

    • @lilsaint91
      @lilsaint91 2 ปีที่แล้ว +4

      @@co563 is graham stephan working on youtube? If yes then he's not retired

  • @creeper2054
    @creeper2054 8 หลายเดือนก่อน +1

    I made a similiar decision to partially retire in 2021. But I was divorced with two kids. Child support and additional spending on my kids is over $17k a year. And I still have no debt and invest about 20%. Her story isn't that special.

  • @Mary-tj5qx
    @Mary-tj5qx 5 หลายเดือนก่อน

    yes, separating your finances from your work. she nailed it.

  • @FIRE_DrNinjaTurtle
    @FIRE_DrNinjaTurtle 2 ปีที่แล้ว +1

    I love your Optimal Finance Daily podcast

  • @desultorilypanacea
    @desultorilypanacea 2 ปีที่แล้ว +31

    NY is such a great city if you makes 100's of thousands a year.

    • @thru_and_thru
      @thru_and_thru 2 ปีที่แล้ว +1

      Fact! I make 135k, live in a tiny apartment in Brooklyn and can't afford to move anywhere nicer lol. We barely leave the house these days trying to save. We are planning on leaving in the next year. 11 years...more than most stay here so I have nothing to complain about. When I really wanted to live here in my 20's I managed to survive. Now I don't really want to live here and well...I can't really afford it so it's a no brainer lol

    • @GabrielaDey
      @GabrielaDey 2 ปีที่แล้ว +2

      @@thru_and_thru move to the Bronx. I pay $2200 for my spacious 1 brd luxury apt. Gym, rooftop, private parking, lounge, and tons of restaurants. Brooklyn is overrated.

    • @lenaprice6239
      @lenaprice6239 2 ปีที่แล้ว +3

      @@thru_and_thru Your life would probably be so much better in the DC metro. I am a native New Yorker who earns around 140K/year in the DC metro. The best decision that I made was relocating from NYC!

    • @thru_and_thru
      @thru_and_thru 2 ปีที่แล้ว +2

      @@lenaprice6239 where did you move? I’ve definitely thought about that area.

    • @TennisBarbie119
      @TennisBarbie119 2 ปีที่แล้ว +3

      @@GabrielaDey that exists in trendier, safer, more central parts of Brooklyn for $2400. Moving all the way to the Bronx to save $200 wouldn’t make sense. At the very least, one would break even in the cost of Uber from wherever they socialize back to the bronx.

  • @shannonphelp7504
    @shannonphelp7504 2 ปีที่แล้ว +6

    Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you are no longer accumulating but withdrawing its hard to be anything but cautious.

    • @williamwoods520
      @williamwoods520 2 ปีที่แล้ว

      Some investors look to their investments as a source of income while others use it is a means to grow or preserve their wealth. For new investors, getting started can feel overwhelming. Risks loom large, and complicated, unfamiliar financial jargon can be intimidating.

    • @senahmabuds3374
      @senahmabuds3374 2 ปีที่แล้ว

      My spouse and ispouse are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Bought my first £400,000 house. Success requires market knowledge and we made a very good choice adopting a financial advisor Caroline Renee Steiger.

    • @drnedavivian8834
      @drnedavivian8834 2 ปีที่แล้ว

      That's good for you. If you dont mind, how exactly does this work ? and how profitable have you been ? I would love more info about her services.

    • @seandante2187
      @seandante2187 2 ปีที่แล้ว

      Wow, I know Caroline Renee Steiger. I joined her program just a couple months back.! She obviously brings a lot of experience to the table but more importantly I think she is a tough person in an industry that demands clairvoyance.

    • @nidraparul3170
      @nidraparul3170 2 ปีที่แล้ว

      I believe your guide is obviously based where you are in the States, can this also work if I am looking to do this from UK / Scotland?

  • @emmanuelharbor2350
    @emmanuelharbor2350 2 ปีที่แล้ว +3

    Loving this way of thinking!👊👊

  • @saurabhmuns
    @saurabhmuns ปีที่แล้ว

    beautiful story!

  • @stephc9889
    @stephc9889 2 ปีที่แล้ว +23

    I would love to hear if they factor in healthcare insurance, and planning for kids? Will the Coast-FIRE will be the same or will she need to re-enter the job force to save more?

    • @candacedawn357
      @candacedawn357 2 ปีที่แล้ว +3

      She may not want any kids.

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว

      @@candacedawn357 Her response seems to be a combination of a generalization and a reference to the woman in the video. Those are responsible things to consider, healthcare, family planning, devastation of any kind, inflation, etc

    • @candacedawn357
      @candacedawn357 2 ปีที่แล้ว +3

      @@atiyarise4131 I said what I said because not all women want children including myself.

    • @ariefraiser140
      @ariefraiser140 2 ปีที่แล้ว

      ACA for healthcare. With kids there's too many factors including her partner's income.

  • @nyreggie-isb23
    @nyreggie-isb23 ปีที่แล้ว +118

    If you are reading this, know that you are worthy of anything you desire. Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest…

    • @nyreggie-isb23
      @nyreggie-isb23 ปีที่แล้ว

      @Peter Moore That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my consultant. I found him on a CNBC interview where he was featured and reached out to him afterwards. He has since provide entry and exit points on the securities I focus on. I basically follow his trade pattern and haven’t regretted doing so....

    • @susanhaynes679
      @susanhaynes679 ปีที่แล้ว

      Wow I'm a bit perplexed you guys are discussing about Gary Mason Brooks , I once met him at a conference in California 2019, just before the pandemic. I can testify that he’s very good in trading..Highly recommended.

    • @zombie15ish
      @zombie15ish ปีที่แล้ว

      @@susanhaynes679 This is the Fourth time I'm seeing someone talking about Mr Gary as there are lot of testimonies about him, do you know him ? if yes , did you invest with him…?

    • @susanhaynes679
      @susanhaynes679 ปีที่แล้ว

      @@zombie15ish Yes i do, I've known him for couple of years, I'm still using his services, His management team is quite impressive so far. With my $15,000 deposit, I made over $288,000 profit with just 10% charge.

    • @nyreggie-isb23
      @nyreggie-isb23 ปีที่แล้ว

      @Peter Moore It's 100% safe,I basically do nothing but collect profits, he was able to get me in early on most of these stocks and I exited just at the right time, his analysis was really on point.

  • @LivPoxleitner
    @LivPoxleitner 2 ปีที่แล้ว +5

    i started investing at 28 in start of 2020. wish i started earlier.

    • @Bradimoose
      @Bradimoose 2 ปีที่แล้ว +2

      I started at 27 and by 34 I had 109,000 saved in my retirement. Now is a great time to sock money in that 401k at discounted prices. The most I've made is 66k a year so you can do it.

  • @davefischer2344
    @davefischer2344 2 ปีที่แล้ว +2

    5:13 well there ya go, moving from NYC is one of the best decisions you can make lol

    • @bkeen7013
      @bkeen7013 ปีที่แล้ว

      I'd completely disagree. Although it's expensive here, she moved away from the center of business to....Ohio. Sure it's cheaper but you've effectively taken yourself completely out of the ballgame.

    • @davefischer2344
      @davefischer2344 ปีที่แล้ว

      @@bkeen7013 well I'm sure she could do it remotely lol, so it really make no difference.

  • @HallmarkRocks
    @HallmarkRocks 2 ปีที่แล้ว +6

    Her podcasts generate $3k per month

  • @tbprofile1295
    @tbprofile1295 2 ปีที่แล้ว

    4:50 that lettuce (?kale) looks amazing. C'mon CNBC, throw a few carrots and radishes in there. 🥕

  • @teealabi
    @teealabi ปีที่แล้ว

    Omg... This is the voice behind Optimal Finance Daily and I am guessing that's her mid-western gentleman. 👏🏾

  • @christinab9133
    @christinab9133 ปีที่แล้ว +1

    Diana!! ❤

  • @anaroman1499
    @anaroman1499 2 ปีที่แล้ว +3

    So yall just eating kale and sauce? lol

  • @Only1TeeTee
    @Only1TeeTee 2 ปีที่แล้ว +13

    I'd like more info about her podcast materials? Does she just read horoscopes on her second podcast and nothing else and she generates an income?

    • @SY-im1gi
      @SY-im1gi 2 ปีที่แล้ว

      Following.

  • @aarononeal9830
    @aarononeal9830 2 ปีที่แล้ว

    Cnbc needs to talk about Ecosia they are a search engine that plants trees

  • @baklava6138
    @baklava6138 2 ปีที่แล้ว

    Her investments are roughly 321k$, what about the equity in her home she purchased plus any cash savings, gold/jewelry, etc. this is all value.

  • @ffffff1-mmmm
    @ffffff1-mmmm 2 ปีที่แล้ว +20

    2k a month spending with 300k in investments is quite a bit over the 4% withdrawal rule for your first year of retirement, and in current conditions, even a 4% rule is considered quite aggressive. given what is likely several years of a bear market and higher-than-3% inflation now and in the near future, i am not sure this is considered wise in terms of FIRE. there are many people who are going back to work after early retirement due to current market conditions and increasing expenses.

    • @HallmarkRocks
      @HallmarkRocks 2 ปีที่แล้ว +11

      Her podcasts generate $3k per month

    • @ffffff1-mmmm
      @ffffff1-mmmm 2 ปีที่แล้ว +3

      @@HallmarkRocks my bad, i missed that! i wasn't listening carefully

    • @HallmarkRocks
      @HallmarkRocks 2 ปีที่แล้ว

      @@ffffff1-mmmm no problem 😉

    • @goodgirlsguide
      @goodgirlsguide 2 ปีที่แล้ว +5

      She said it will be compounding until she retires. So it has not matured yet.

    • @co563
      @co563 2 ปีที่แล้ว +7

      @@goodgirlsguide yeah but understanding the math isn’t as fun as dunking on somebody for peacefully living outside of the rat race /s

  • @sbkpilot1
    @sbkpilot1 2 ปีที่แล้ว +5

    what does working in "consumer goods" mean? and making $135k doing what exactly?

    • @Bradimoose
      @Bradimoose 2 ปีที่แล้ว

      my guess is makeup. I know a marketing director for L'oreal and makes bank

    • @holdencawffle626
      @holdencawffle626 2 ปีที่แล้ว +1

      What Diania did was retail management for a large company

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว

      Retail Merchandising, something along those lines

    • @alignedalchemist
      @alignedalchemist 7 หลายเดือนก่อน

      Brand management. Usually requires an MBA (but not always). $135K in NYC is nothing.

  • @bfoz
    @bfoz 2 ปีที่แล้ว

    Wow she really likes her dog

  • @NicksDynasty
    @NicksDynasty 2 ปีที่แล้ว

    Cincinnati!
    Top tier city in the MidWest

  • @wealthweb1
    @wealthweb1 2 ปีที่แล้ว +27

    I think the FiIRE movement sells pipe dreams. She’s not retired. And she doesn’t have enough money to retire If she wanted to. I mean good for her in getting her finances under control, but I’d like to see where she is in 10-20 years.

    • @VideoSiteAccess
      @VideoSiteAccess 2 ปีที่แล้ว +8

      She says in the end that it was about Financial independence.

    • @hojaeyun6747
      @hojaeyun6747 2 ปีที่แล้ว +7

      Carolyn you sound more realistic than any other kids out there. Yes I agree with you to the fullest. It's impossible to retire that so little money. To retire you need at least 10 million in your bank.

    • @ometofu
      @ometofu 2 ปีที่แล้ว +4

      Yupe. 6M minimum to battle inflation

    • @jones2277
      @jones2277 2 ปีที่แล้ว

      right. especially if she wants to have kids.

    • @Blueskydaisy000
      @Blueskydaisy000 2 ปีที่แล้ว +10

      @@hojaeyun6747 10 million??? Stop.

  • @noahpassmore6452
    @noahpassmore6452 ปีที่แล้ว +1

    That dude is blowing her back out ain’t no way he’s in every clip as a friend

  • @sheitzerlafontant1274
    @sheitzerlafontant1274 2 ปีที่แล้ว +3

    I love this show but I never see the people that have 2-3 kids. Those expenses are real...

    • @autobotdiva9268
      @autobotdiva9268 2 ปีที่แล้ว

      HIS AND HER MONEY PODCAST

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว

      @Sheltzer Lafontant, those scenarios are far and in between because the cost of living is so high. She moved to the right place because it is no longer an affordable city for average families of any size only for young corporate professionals. She fits in that category.

    • @sheitzerlafontant1274
      @sheitzerlafontant1274 2 ปีที่แล้ว

      @@atiyarise4131 that's true but thus channel should show both perspectives

  • @holdencawffle626
    @holdencawffle626 4 หลายเดือนก่อน

    Laptop on top of a shoebox? I do it too!

  • @eojj14
    @eojj14 ปีที่แล้ว

    Unfortunately, 300K in the stock market won't cut it to get you to retirement. Maybe 20-30 years ago. Now, 300K in real estate pre-covid, would have been enough.

  • @MsEriKaT
    @MsEriKaT 2 ปีที่แล้ว +2

    What? She makes 3k a month reading?!

  • @to2burger
    @to2burger 2 ปีที่แล้ว +1

    Does anyone know what country the scenery at 1:48 might be?

    • @bfoz
      @bfoz 2 ปีที่แล้ว

      Spain. Video even said it.

  • @ChuckHolland-i4b
    @ChuckHolland-i4b 4 หลายเดือนก่อน +1

    Housing is wild. I sold my modest 3-bedroom townhouse in California for 800k and did a reverse migration back to my home state. Snagged a single-family fixer-upper with 5 acres of woods for 60k. Dropped 100k on remodeling and now I’m living like royalty in a forest castle. Got fiber internet so I can work a lower-paying remote job. My rat race? Walking from the bedroom to my high-tech basement office. 😅😅Lunch? A sandwich in my backyard beer garden. Dinner? At the forest cove mancave tiny cabin, cooking over an open firepit. For fun, I ride my lawnmower, mowing the grass multiple times a week, sipping a beer, and rocking out with my headphones. Best part, no nagging wife.

  • @rushabhajmera5934
    @rushabhajmera5934 2 ปีที่แล้ว +4

    American society is very individualistic. A person's finance is completely independent from his or her partner parents etc. In India the financial responsibilities of the entire family is on one guy usually the son. So one can never retire. Keep on working and create more and more wealth for the family.

    • @cutthechicken194
      @cutthechicken194 2 ปีที่แล้ว +2

      That's very sad to be sacrificed. Just being born & having your freedom taken away

  • @daniellee9763
    @daniellee9763 2 ปีที่แล้ว +4

    Smart Lady

  • @orobosa27
    @orobosa27 2 ปีที่แล้ว +4

    with the market now her $300000 is probably now $200000.lol

  • @keerthanrrao579
    @keerthanrrao579 ปีที่แล้ว

    I can’t just have lettuce for lunch. I’m never going to FIRE if I add some tomatoes to it.

  • @govindannarayanan6510
    @govindannarayanan6510 2 ปีที่แล้ว

    Brave women like butterflies

  • @509travel8
    @509travel8 2 ปีที่แล้ว +2

    This fire movement promotion is politics for the Companies to fight back at quiet quiting ... lol, I still prefer quite quiting .

  • @amberscott4262
    @amberscott4262 2 ปีที่แล้ว +1

    They literally skipped over her salary and background privileges

    • @baklava6138
      @baklava6138 2 ปีที่แล้ว +2

      Privliges? Anyone that went to a decent school and studied something useful can easily get a six figure job in NYC where 100k is not much. Or are you one of those who doesn’t want to work to get to these positions?😊

  • @anatoliistepaniuk8217
    @anatoliistepaniuk8217 ปีที่แล้ว +1

    $3000 a month for reading text for 30 minutes a day?
    How I can find a job like that?))

  • @SmokyOle
    @SmokyOle 2 ปีที่แล้ว +45

    These people making a fortune in New York and California and then moving to cheaper(formerly cheaper now expensive) parts of the country are what is destroying local economies. But here CNBC is promoting this like it's a good thing.

    • @wolfgangi
      @wolfgangi 2 ปีที่แล้ว +25

      Lmao how are they destroying the local economy?!

    • @jerseydog423
      @jerseydog423 2 ปีที่แล้ว +6

      @Kyle clearly they’re supposed to suffer

    • @SDY274
      @SDY274 2 ปีที่แล้ว +7

      So should they just stay out wherever they are? Freedom of movement, baby! Move up or move out!

    • @helena3631
      @helena3631 2 ปีที่แล้ว +4

      100k goes much farther everywhere other than nyc and California … 6 figures not a lot of money

    • @andresvalencia3932
      @andresvalencia3932 2 ปีที่แล้ว

      You don’t know what you’re talking about 🤡

  • @Dividendsmattertoo
    @Dividendsmattertoo 2 ปีที่แล้ว +9

    The thing is living in small towns is boring I’m a city guy need the city restaurants bars clubs in close proximity. These small towns are just for people who are married or have a family

    • @PoliSciGuy
      @PoliSciGuy 2 ปีที่แล้ว +1

      Exactly

    • @Blueskydaisy000
      @Blueskydaisy000 2 ปีที่แล้ว +3

      Cincinnati is hardly a small town

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว

      Not where she relocated to. It has changed. It's geared toward young professionals, tourist, and college students.

  • @FinancialShinanigan
    @FinancialShinanigan 2 ปีที่แล้ว +12

    Wonder how the 2022 crash is affecting her net worth

    • @conor2439
      @conor2439 2 ปีที่แล้ว +20

      Since 90% of her money is in accounts that she's probably not touching for another 25 years, it doesn't really matter

  • @Open001
    @Open001 2 ปีที่แล้ว +1

    Shares of Robinhood (NASDAQ:HOOD) are up over 6% in pre-open Thursday trading after Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) is very likely to allow controversial payment-for-order-flow (PFOF) deals.

  • @tigerrx7
    @tigerrx7 2 ปีที่แล้ว

    Yeah how about that investment now

  • @ZNMelowLeloNeka
    @ZNMelowLeloNeka ปีที่แล้ว +1

    I'm just really upset at what they are eating at 4:50. that's just wrong

  • @taniacopeland4335
    @taniacopeland4335 2 ปีที่แล้ว

    We all know it takes investments. But how about teaching us how and what to choose in investments how about teaching us how to find those unique side hustles like recording for podcasts

  • @moneyobsessed
    @moneyobsessed 2 ปีที่แล้ว +5

    300k is really low, i would not coast with less than 3M or in the Youth, at fifty can be a different argument

    • @HallmarkRocks
      @HallmarkRocks 2 ปีที่แล้ว +4

      Her podcasts generate $3k per month

    • @anoukc6928
      @anoukc6928 2 ปีที่แล้ว +1

      @@HallmarkRocks it's not stable earnings though

  • @Phlegethon
    @Phlegethon 2 ปีที่แล้ว +1

    lol why do people listen to financial advice from people with no financial training this is how ftx happens

  • @LelenSingsit
    @LelenSingsit ปีที่แล้ว

    Nice

  • @chrisrstt
    @chrisrstt 2 ปีที่แล้ว +1

    300k isnt enough

  • @guileanoc4280
    @guileanoc4280 2 ปีที่แล้ว +1

    I dont believe that you retired with $300000
    Come on

  • @andrewf.1598
    @andrewf.1598 ปีที่แล้ว

    I’m not sure I’d feel comfortable contributing zero to my retirement from such a young age, but then again you only live once so I do see the temptation…

  • @JohnThomas-f3i
    @JohnThomas-f3i 6 หลายเดือนก่อน +1

    What financial institutions are paying you for these ads? 60% savings or investment is wild. You are trying to get people to continue to invest into a system hoping it will pay out, or are you playing into a system that will fail and trying to find the last level of pyramid scheme.

  • @suleimanpeshawari1032
    @suleimanpeshawari1032 ปีที่แล้ว

    At 28 she realizes working is not worth it but evangelizing retirement is

  • @dh6462
    @dh6462 2 ปีที่แล้ว +9

    How do these people earn money with "podcasting"? How do you get paid for that?

    • @samhonana
      @samhonana 2 ปีที่แล้ว +8

      Ads

    • @sbkpilot1
      @sbkpilot1 2 ปีที่แล้ว +10

      she is just reading articles and getting $3,000/month from that? interesting... I am certainly in the wrong line of work 😂

    • @AlexSchwartzATV
      @AlexSchwartzATV 2 ปีที่แล้ว +4

      Pay to get shoutouts on platforms like CNBC Make it, sell courses alongside it to those people that see you in these shoutouts and want to be like you so they pay you for your course to teach them.

    • @johnjohnson3390
      @johnjohnson3390 2 ปีที่แล้ว +5

      @@AlexSchwartzATV yes this video is pretty much an ad for her terrible podcast

    • @co563
      @co563 2 ปีที่แล้ว +2

      @@johnjohnson3390 it’s not terrible. You’re just a hater because she’s out of the rat race and you’re not. Subscribing now

  • @amsthe3rd
    @amsthe3rd 2 ปีที่แล้ว +2

    FIRE always gets the comment section smoking...
    If nothing else, people, let's reduce debt and raise income.
    And also know that your city doesn't define you--- you are a global citizen.

  • @LolaSemone
    @LolaSemone 2 ปีที่แล้ว +8

    Show normal people that don’t make six figures

    • @alp.9672
      @alp.9672 2 ปีที่แล้ว

      normal people do make 6 figures......she was in NYC also.

    • @atiyarise4131
      @atiyarise4131 2 ปีที่แล้ว

      @@alp.9672 what I think they mean by normal is average people, average salaries...and what are some possible scenarios.

    • @alp.9672
      @alp.9672 2 ปีที่แล้ว

      @@atiyarise4131 Every person is not 6 figures so why are they complaining?

  • @transformationalpianolifec1643
    @transformationalpianolifec1643 2 ปีที่แล้ว

    4:38
    6:00
    6:25
    7:33

  • @psp785
    @psp785 2 ปีที่แล้ว +5

    Just be rich why go through all this trouble

  • @shadetree10000
    @shadetree10000 2 ปีที่แล้ว +4

    Gorgeous 🥰

  • @arhamjain97
    @arhamjain97 2 ปีที่แล้ว +1

    300,000 isn’t a lot

    • @arhamjain97
      @arhamjain97 2 ปีที่แล้ว

      @@bradfisher407 sure, said from Retirement perspective!

  • @DamuRyde
    @DamuRyde 2 ปีที่แล้ว

    Now shes one of the smartest women 👏 ive seen that left Nyc best decision.

  • @astarisborn9820
    @astarisborn9820 2 ปีที่แล้ว

    💯

  • @autobotdiva9268
    @autobotdiva9268 2 ปีที่แล้ว

    She did good!!! #coastfi

  • @blueberrytea8312
    @blueberrytea8312 ปีที่แล้ว

    Is $300k in savings in her retirement account? Those money she can't touch till retirement?