These early retirees paid cash for a Montana house | FIRE Starters: MarketWatch

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  • เผยแพร่เมื่อ 26 ก.ย. 2019
  • UPDATE: Here's how Jillian and her family are doing during the pandemic: bit.ly/3wIJGt5
    Extreme frugality gave Jillian Johnsrud's family financial independence. With cost-saving methods, like spending just $1/pound on food, Jillian and her family were able to achieve their dream of buying a home in Montana with just cash.
    Read her story on MarketWatch: on.mktw.net/3svRixw
    For more videos on the FIRE movement: bit.ly/3w7jMzQ
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ความคิดเห็น • 1K

  • @MateoLevi-
    @MateoLevi- 27 วันที่ผ่านมา +352

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @RoseSmith-v7g
      @RoseSmith-v7g 27 วันที่ผ่านมา

      I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

    • @MateoLevi-
      @MateoLevi- 27 วันที่ผ่านมา

      @@RoseSmith-v7g That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @RoseSmith-v7g
      @RoseSmith-v7g 27 วันที่ผ่านมา

      @@MateoLevi- My advisor is Victoria Carmen Santaella;

    • @RoseSmith-v7g
      @RoseSmith-v7g 27 วันที่ผ่านมา

      You can look her up online

    • @christianalawal3695
      @christianalawal3695 27 วันที่ผ่านมา

      @@RoseSmith-v7g The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

  • @Richardcarlett
    @Richardcarlett 2 หลายเดือนก่อน +916

    Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

    • @donna_martins
      @donna_martins 2 หลายเดือนก่อน +2

      as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

    • @robert-1miller
      @robert-1miller 2 หลายเดือนก่อน +2

      Agreed the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around $300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 2 หลายเดือนก่อน +2

      How can I reach this person?

    • @robert-1miller
      @robert-1miller 2 หลายเดือนก่อน +2

      'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 2 หลายเดือนก่อน +2

      Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

  • @moegreenback6854
    @moegreenback6854 4 ปีที่แล้ว +723

    All things are possible when a man and a woman see eye to eye and raise a family.

    • @okthennone
      @okthennone 4 ปีที่แล้ว +7

      Yes, this is so true.

    • @joeschmoe6492
      @joeschmoe6492 4 ปีที่แล้ว +8

      for sure, and have an endless pension

    • @kodyscot9360
      @kodyscot9360 4 ปีที่แล้ว +5

      @ Moe X i wish I could give u a million likes for your comment

    • @DeRussellMasina
      @DeRussellMasina 4 ปีที่แล้ว +1

      Amen 🙏🏾

    • @anthonyca
      @anthonyca 4 ปีที่แล้ว +25

      A woman like that is the most rare thing on this planet. What a lucky man.

  • @supercoolperson96
    @supercoolperson96 4 ปีที่แล้ว +385

    Wow a FIRE movement video with kids!!!! Amazing !!!

    • @SandStormXII
      @SandStormXII 4 ปีที่แล้ว +1

      🔥🔥🔥🔥

    • @carmcam1
      @carmcam1 4 ปีที่แล้ว +17

      now parents with kids can't make excuses.

    • @notafan6
      @notafan6 4 ปีที่แล้ว +2

      Yes! I need more of these!

    • @LIBqueen
      @LIBqueen 4 ปีที่แล้ว

      @@SandStormXII one more

    • @iangrant3442
      @iangrant3442 4 ปีที่แล้ว +14

      It is just good habits. Buying a run down house is a great idea. Second hand clothes is a good one too. Five children is a lot. (This is impressive) FIRE can be done by anyone.

  • @jose2212-
    @jose2212- 2 หลายเดือนก่อน +591

    I've been diligently working, saving, and investing towards financial freedom and early retirement. However, the economy's downturn since the pandemic has significantly eroded my portfolio. My question now is: Should I continue contributing to my portfolio in these unstable markets, or should I explore alternative sectors?

    • @Sampson-jh7yq
      @Sampson-jh7yq 2 หลายเดือนก่อน +1

      I'll tell you that it's practically hard to rebuild your retirement on your own, without a partner's assistance. Not even NewRetirement and associates can match the skills, experience, and broad clientele of a professional financial advisor. Assess and select one, and then use a financial advisor to help you allocate your funds.

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo 2 หลายเดือนก่อน +1

      As a contractor, my job leaves me little time to thoroughly analyze my investments or evaluate stocks myself. Therefore, for the past seven years, I've entrusted a fiduciary to actively manage and adjust my portfolio to align with current market conditions. This approach has helped me navigate the ups and downs, knowing when to buy and sell. Perhaps you should consider a similar strategy.

    • @CrystalJoy-32
      @CrystalJoy-32 2 หลายเดือนก่อน +1

      Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo 2 หลายเดือนก่อน

      Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @RuthEvelyn-rc3bg
      @RuthEvelyn-rc3bg 2 หลายเดือนก่อน

      Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

  • @demri123
    @demri123 4 ปีที่แล้ว +684

    Props to this couple being on the same page

    • @FaithandNova
      @FaithandNova 4 ปีที่แล้ว +24

      One of the biggest issues in most relationships

    • @franciscoramos3849
      @franciscoramos3849 4 ปีที่แล้ว +10

      The good thing is that both of them are in the same page!

    • @SuperDanny1016
      @SuperDanny1016 4 ปีที่แล้ว +9

      Yeah, it's hard to find that. Boyy do I know!

    • @olaolaitan7834
      @olaolaitan7834 4 ปีที่แล้ว +6

      @@FaithandNova you can say that again.

    • @ChaseBauer65
      @ChaseBauer65 4 ปีที่แล้ว +6

      Hardest part by far.

  • @JohnnyFD
    @JohnnyFD 4 ปีที่แล้ว +191

    I love her mentality. This is an incredible life. Would marry someone like this for sure!

    • @Doors067
      @Doors067 4 ปีที่แล้ว +33

      Theres like 14 woman like this in the usa

    • @freddybob807
      @freddybob807 4 ปีที่แล้ว +3

      Doors067 lol good one 😂

    • @Oliver-tm7jm
      @Oliver-tm7jm 4 ปีที่แล้ว +5

      I'm sure that there is plenty women like this in Asia, Johnny!

    • @herogebrial
      @herogebrial 4 ปีที่แล้ว +5

      She's beautiful inside and out

    • @gregson8533
      @gregson8533 4 ปีที่แล้ว +1

      @@Doors067 more like 10 haha.

  • @rhejamphi
    @rhejamphi 4 ปีที่แล้ว +301

    This is a big middle finger to the system. Great work.

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +17

      What are you talking about it dude?!! The guy earns his pension from the system... the kids go to public school provided by the system... btw, you (the tax payer) is supporting their life style.. just letting you know..

    • @rhejamphi
      @rhejamphi 4 ปีที่แล้ว +24

      “The System” is debt. I can’t believe I have to be more specific for you. They clearly pay the taxes necessary for things like public schools.

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +2

      @@rhejamphi Your post wasn't 100% clear. Now it is. Regarding the tax, for sure they don't pay enough tax to support 5 kids on public schooling (at least based on the income they mentioned they make).

    • @ns6095
      @ns6095 4 ปีที่แล้ว +4

      BP so right. Most people don't understand that those who are FIRE movement or similar are actually benefiting off the masses and the system. Yet don't support the masses or the system.

    •  4 ปีที่แล้ว +5

      @@ns6095 Don't hate the player, hate the game. If the system requires I become a debt slave just to impress people with a car and large home it's a dumb system. It is not the pinnacle of human culture and is being exposed generation after generation for what it is.

  • @emmanuelolodun848
    @emmanuelolodun848 4 ปีที่แล้ว +29

    A good wife is a blessing. This man is blessed

  • @rm5238
    @rm5238 4 ปีที่แล้ว +380

    They live like 1st generation Indian and Chinese immigrants who come to the United States. They save, work and save again, many of them while going to school and raising kids. This family is a good example to everyone, good job!

    • @user-gu1hl2kx2k
      @user-gu1hl2kx2k 4 ปีที่แล้ว +9

      @krispy kreme not first generation mexicans

    • @tmc1373
      @tmc1373 4 ปีที่แล้ว +26

      You’re right. I’ve seen this so much with Asians, Africans and Indians. It’s my inspiration!

    • @iangrant3442
      @iangrant3442 4 ปีที่แล้ว +3

      I enjoyed reading your post.Thank you........................................

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว

      As far as I know, 1st generation immigrants do not earn a lifetime pension from the Government. They live from the Tax Payers money. Not a problem for me, but lets just be clear about that.

    • @dnguyen787
      @dnguyen787 4 ปีที่แล้ว +10

      @@nadominhoca I think you are wrong there! Most 1st generation immigrants work the hardest. If they are lazy, they may well stay back in their homeland. And because welfare money is just a chump change, not enough to enjoy life and pay for their children's college education.:-0

  • @ANonyMouse627
    @ANonyMouse627 4 ปีที่แล้ว +148

    It's wonderful that these parents can retire and raise their five kids full time. It's heart breaking when parents don't have time to spend with their kids.

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +4

      If you can’t spend time with your kids, don’t have them...
      Who needs a family of 5 kids?! For real...
      More burden to the tax payer.. you know they do not even pay enough tax to cover their kids school costs.. so YOU are the one paying for their lifestyle

    • @patrickfrancis5509
      @patrickfrancis5509 2 ปีที่แล้ว +4

      @@nadominhoca I think I’ll have to disagree with you. I have five kids, work 50+ hours a week, and still have time to spend with each kid. None of my kids are a burden, if you feel that way then you’re simply not doing it right. I enjoy my work and spend time building that career to the next level, and I equally spend time with my kids to help them grow into the type of people they want to become. Your statement made me think you don’t have any kids. Would that be accurate? If not, that’s fine. The difference is making time for kids, not the money, there is always a work around for money. If I made half my salary I could still afford decent clothes for my kids annually. We don’t buy luxurious clothes or items, we buy moderate clothes that everyone likes without going above and beyond.

  • @TheAristoKrat17
    @TheAristoKrat17 4 ปีที่แล้ว +109

    Her voice soothes my soul. I feel like I can do anything if she’s telling it to me lol

    • @EshaBTV
      @EshaBTV 4 ปีที่แล้ว +1

      TheAristoKrat17 I know right 😂

    • @ThunderAppeal
      @ThunderAppeal 4 ปีที่แล้ว +4

      Good for you for being a brainless idiot.

  • @abiramichandrasekar2496
    @abiramichandrasekar2496 4 ปีที่แล้ว +25

    I watch this video every single day to keep me motivated towards fire movement

  • @vanessalynn4064
    @vanessalynn4064 4 ปีที่แล้ว +28

    It’s all about your mentality and discipline. This woman and her family are not concerned about instant gratification. They know in the long run all of their sacrifices will pay off. 👏🏾

  • @Dhalltx3
    @Dhalltx3 4 ปีที่แล้ว +77

    This one made me smile. For them it’s not slaving to save the $1 million. It’s was how can we sustain a very simple lifestyle. Turns out, not very much at all.

    • @therealness6979
      @therealness6979 4 ปีที่แล้ว +3

      Plus 1400 a month from being a pawn of the elitists. Military is the biggest socialism program on the planet.

    • @corysturgis6660
      @corysturgis6660 3 ปีที่แล้ว +1

      @@therealness6979 it is and we all should have those benefits

    • @muffemod
      @muffemod ปีที่แล้ว

      @@therealness6979 Yes of course that's why it has such a fantastic pension.

  • @sofanova6542
    @sofanova6542 4 ปีที่แล้ว +53

    Imagine what you can achieve when your partner/spouse/bf/gf shares the same vision as you. This is the example of that!

  • @kevowsk1
    @kevowsk1 4 ปีที่แล้ว +95

    What a gorgeous wife to come home to & beautiful family! They're an inspiration.

    • @BonBonShrimp
      @BonBonShrimp 4 ปีที่แล้ว +6

      He's retired, so he's always home.

    • @FreshKicks4545
      @FreshKicks4545 4 ปีที่แล้ว +3

      That's what I said. I would to want to retire lol. But I rather work.

    • @blackworldtraveler3711
      @blackworldtraveler3711 4 ปีที่แล้ว +1

      Chevy stepside MIA vibez
      Retired and at home with wife and kids,renovating home, maintaining rental, traveling together,etc......that seems like the best kind of work to me.
      And I don’t even want to get married or have kids.

  • @exas4791
    @exas4791 4 ปีที่แล้ว +186

    They've got their priorities right.
    People r usually averse to anything second-hand.

    • @MyMostBeautifuCinema
      @MyMostBeautifuCinema 4 ปีที่แล้ว +12

      exas4791 Most people are that way because they feel better than that but some cultures are very particular about owning something, especially clothes, from people you never knew due to the energy left in it. May sound crazy, make what you will of it.

    • @exas4791
      @exas4791 4 ปีที่แล้ว +4

      @@MyMostBeautifuCinema Some people from my culture are apprehensive about second-hand stuff for the reason u touched on.
      In fact, a colleague had told me that his friend was given something in Bangkok.
      After his friend brought that thing back to our home country, very bad things really happened to his family.

    • @Newlinjim
      @Newlinjim 4 ปีที่แล้ว +6

      exas4791 people that run on emotion rather than logic/reason will never become independent.

    • @greenearthblueskies8556
      @greenearthblueskies8556 4 ปีที่แล้ว +1

      Second hand is life

    • @exas4791
      @exas4791 4 ปีที่แล้ว +2

      Newlinjim Unless their emotions power their ambitions to achieve.

  • @Theogenerang
    @Theogenerang 4 ปีที่แล้ว +4

    I did something similar. Bought the worst house, stripped it, spent on the floor in the cold and slowly fixed it up using cash over years, not weeks. Best time of my life but the neighbours hated me for not doing an expensive fast track renovation.

  • @greyline1012
    @greyline1012 4 ปีที่แล้ว +6

    That lady is phenomenal. They seem such a lovely family. It’s nice to see people that have got it together. They’re teaching their little people great values.

  • @maestroadam
    @maestroadam 4 ปีที่แล้ว +2

    A soldier, his spouse, and their kids deserve a good life. This is a great success story.

  • @lorismichel1093
    @lorismichel1093 4 ปีที่แล้ว +5

    I watch a lot of FIRE videos and I've never seen a couple doing so well with an average income and especially with 5 kids. Great job, congrats !!

  • @sharonhelleman7378
    @sharonhelleman7378 4 ปีที่แล้ว +11

    Jillian and her family are amazing! They have hacked the good life!

  • @MrSuperman2307
    @MrSuperman2307 4 ปีที่แล้ว +518

    The key is living in a cheap state

    • @SaraFJones
      @SaraFJones 4 ปีที่แล้ว +20

      MrSuperman2307 agree, taxes in Texas is crazy!

    • @ruanorafa
      @ruanorafa 4 ปีที่แล้ว +62

      Excuses! It could be achieved in any state but u already lost the battle.

    • @jaggsta
      @jaggsta 4 ปีที่แล้ว +38

      she is fucked if he ever leaves her she has no retirement.

    • @FaithandNova
      @FaithandNova 4 ปีที่แล้ว +18

      @@ruanorafa in can happen in ant state but some of those states the city with low price homes have no jobs around.

    • @ruanorafa
      @ruanorafa 4 ปีที่แล้ว +9

      Faith Kings the saying in real estate goes
      “live where u want but invest where it makes sense “

  • @mx2411
    @mx2411 4 ปีที่แล้ว +12

    It’s hard to do it with kids, it’s amazing they did it.

  • @lesterh9421
    @lesterh9421 4 ปีที่แล้ว +7

    I watched so many video about so called FIRE movement, and this is the first one that sounds real and doable, Thank you for nice video. I'ts nice for them they are on the same page.

  • @loreneknight9755
    @loreneknight9755 4 ปีที่แล้ว +3

    I sooo admire your values. You are going above & beyond what "the normal" is...whatever that could be. By living below your means, sacrificing & having a lofty goal in mind, you have put into fruition your dream. I am both humbles & proud of you. Keep on fighting the good fight!!!

  • @christinagonzalez4022
    @christinagonzalez4022 4 ปีที่แล้ว +11

    What a Smart Woman!!!
    She's also a great mom!!
    Keep up the great work lady, good example for the viewers!!!

    • @BigRed2
      @BigRed2 4 ปีที่แล้ว +1

      Yes great mom i’m sure she saved for college for her kids

  • @JakeRichardsong
    @JakeRichardsong 4 ปีที่แล้ว +28

    Never occurred to me to look for food that way.

  • @samhparker
    @samhparker 4 ปีที่แล้ว +2

    This is such an exceptional example of FIRE! I'm so happy for them as a family. It really makes me want to do this with my wife and kids when I'm older.

  • @francessaelua3883
    @francessaelua3883 4 ปีที่แล้ว +1

    Awesome 👍 reminds me of living off second hand clothing store: Goodwill and cutting off unnecessary expenses, while in Hawaii back in 2010-2012. Thank you for sharing ❤️

  • @HangNguyen-ih8rf
    @HangNguyen-ih8rf 4 ปีที่แล้ว +61

    Damn that’s will power..that’s 2k of saving per month in 10 years with lots of mouth to feed. 🤗

    • @Doors067
      @Doors067 4 ปีที่แล้ว +1

      Yeah the 700 for food is good though! Thats nearly double a family of three.

  • @reptilianskin
    @reptilianskin 4 ปีที่แล้ว +20

    Damn. A one bedroom condo is over $500,000 in Toronto. $50,000 for a house is a steal.

    • @michaellaviola3125
      @michaellaviola3125 4 ปีที่แล้ว +1

      And the neighborhood looks great as well.

    • @EwYoureCringe
      @EwYoureCringe 4 ปีที่แล้ว +2

      50k isn’t even a down payment for a house in CA (where I live)

    • @lotto5742
      @lotto5742 4 ปีที่แล้ว +7

      You gotta remember, its in Montana. When was the last time you heard about Montana on the news?

    • @jamesvelvet3612
      @jamesvelvet3612 4 ปีที่แล้ว +1

      Location, location and of course....location. Nothing.Else.Matters.

    • @tracygatti7218
      @tracygatti7218 4 ปีที่แล้ว +3

      They live in Montana, not in San Francisco

  • @CPR4THEBODYlivingaenrichedlife
    @CPR4THEBODYlivingaenrichedlife 2 ปีที่แล้ว +1

    This is So inspiring. I love to see others that think outside the box.
    I just purchased first home cashnas a single mom. I'm excited to share my journey!! U can do anything you put ur mind to.

  • @JustinMartinezCPT
    @JustinMartinezCPT 3 ปีที่แล้ว

    This is so great! I wish this message and families like this got more exposure in the mainstream.

  • @WifeMommyFamilyJourney
    @WifeMommyFamilyJourney 4 ปีที่แล้ว +29

    I couldn’t love this video enough❤️ Our family is debt free. I work part time while my kids are in school and my husband works as a railroad conductor. My hubby wants to retire early as well!!! Maybe in 10 years. Our passion is in the Mission’s field. We’ve gone several times in the Philippines🇵🇭 and we fell in love!!! Our two oldest has gone on Missions Trip to the Philippines and they loved it as well!! Our kids want to be Dr.’s and we’re planning on them going to the Philippines🇵🇭 to take Medicine. It’ll only cost 1/4 of tuition if they study there instead of the US!!! Having a Why and and Goal really helps when you want to be Financially FREE!!! Most of all we just want to be obedient to God’s calling in our lives❤️ Blessings to your family!!!

    • @leathelandlady
      @leathelandlady 4 ปีที่แล้ว

      Will they be able to practice in the US if they go to school elsewhere? I didn't think that was possible.

    • @ej_l2525
      @ej_l2525 4 ปีที่แล้ว +2

      @@leathelandlady medicine here in the philippines is competetive and the tuition is considered affordable. some well known universities offer top notch quality education like the US.
      And yes,they can still practice in the US but it will take a lot more time and money.

    • @leathelandlady
      @leathelandlady 4 ปีที่แล้ว

      @@ej_l2525 That's awesome, you learn new things every day!

    • @ej_l2525
      @ej_l2525 4 ปีที่แล้ว

      @@leathelandlady you're welcome Ma'am

  • @emandawatts06
    @emandawatts06 4 ปีที่แล้ว +3

    Yes, finally a couple with kids. Usually when you hear stories about people retiring early, they are single with no children. Their story is so motivating.

    • @Bigboss-xe6lm
      @Bigboss-xe6lm 4 ปีที่แล้ว

      I see no problem with this kind of setup. BUT both parents need to be frugal for it to work down the road, like 30+ years of frugality

  • @trailer1210
    @trailer1210 2 ปีที่แล้ว +1

    I'm just going to go ahead and it.........This is by far the most adorable FIRE story ever!!! Loved it! Big thanks Marker Watch for making this video!!! ✨✨✨👌👌👌

  • @laurenshinn5081
    @laurenshinn5081 4 ปีที่แล้ว

    i was already excited to hear what she had to say, but wow! she is a beautiful person inside and out.

  • @avarah
    @avarah 4 ปีที่แล้ว +12

    Wonderful to see such healthy priorities .. well done.

  • @slaiyfershin
    @slaiyfershin 4 ปีที่แล้ว +15

    Renting out your main house is a nightmare waiting to happen with just one wrong tenant. Eve n if they don't thrash the house or squat in it, leaving out all my stuff is traumatic and so is the accounting for potential theft and misplacement.

    • @zyilund
      @zyilund 4 ปีที่แล้ว +6

      I guess they packed every personal stuff in a cheap storage before they took off for the trip. There are actually ways to offset the risk of bad tenants.

    • @gwarlow
      @gwarlow 4 ปีที่แล้ว +1

      slaiyfershin So glad I don't live in the bleak hopeless dangerous world that you seem to. Best wishes on surviving until the sun comes out. Cheers.

    • @travist2176
      @travist2176 3 ปีที่แล้ว

      AirBnB

  • @debbienewman7923
    @debbienewman7923 3 ปีที่แล้ว +2

    I love this video. It constantly inspires me even though I am older and am making lots of changes in my spending.

  • @jmacknaturalista
    @jmacknaturalista 4 ปีที่แล้ว

    inspiration and definitely financial goals for me...we are on track...love this!

  • @rushrush1209
    @rushrush1209 4 ปีที่แล้ว +12

    They are smart and savvy. Living on floors and having a flooded home had to be difficult, but it turned out fruitful for them long term. Almost all parts of Montana are affordable as well.

  • @firstlast7719
    @firstlast7719 4 ปีที่แล้ว +17

    Even someone close to retirement could learn from this example. Spend less on housing and more on experiences. Stick to a budget. Learn to live without one income stream. Use 4% of investments. It's realistic and can work. SMART! Specific, measurable, achievable, realistic, timely.

  • @carolannstevens5814
    @carolannstevens5814 ปีที่แล้ว

    This is a BEAUTIFUL story! Love this! They will never be sorry for being with their kids and each other.

  • @bintatiri
    @bintatiri 2 ปีที่แล้ว +1

    This is very inspiring, especially achieving FIRE with 5 kids.

  • @WillStinton
    @WillStinton 4 ปีที่แล้ว +83

    They should start a TH-cam channel

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +1

      Yeah, that’s what we need.. another FIRE movement youtube channel..

  • @ariefraiser140
    @ariefraiser140 4 ปีที่แล้ว +16

    With that many kids and that little of an income they have to be on some sort of subsidized healthcare plan, likely the ACA. I'm not criticizing though it's just so many of these type of stories never addresses the health insurance portion and with food and shelter it's the big 3 of most important expenses before you can retire in my humble opinion.

    • @strangerdanger8462
      @strangerdanger8462 2 ปีที่แล้ว +1

      I agree with you. No retirement plan is complete without accounting for healthcare expenses and other Murphy's Law emergencies.

    • @networth00
      @networth00 2 ปีที่แล้ว +1

      I was thinking the same thing, unless he gets some type of free insurance from his military retirement plan.

    • @jaredflurry937
      @jaredflurry937 2 ปีที่แล้ว +1

      Retired military personnel (usually 20+ years of service) have effectively free healthcare for life. Their families’ healthcare is heavily subsidized.

  • @hallisWorldVision
    @hallisWorldVision 4 ปีที่แล้ว +2

    I have jumped on board and became a fire Starter . Can't wait to reach my financial goals in seven years 😊 Yes!

  • @manflynil9751
    @manflynil9751 4 ปีที่แล้ว

    Wow, smart young couple with vision and grit. Good on them.

  • @TheModernInvestor
    @TheModernInvestor 4 ปีที่แล้ว +124

    She would do well as a financial adviser to other women who want to be in her position.

  • @sandponics
    @sandponics 4 ปีที่แล้ว +146

    Somewhere down the track, these people will become millionaires.

    • @moegreenback6854
      @moegreenback6854 4 ปีที่แล้ว +15

      David Lockett They already are, just not in monetary terms!

    • @EarnestKegler
      @EarnestKegler 4 ปีที่แล้ว +8

      Where do you get a cell phone that you only pay $7 a month for?

    • @metastract
      @metastract 4 ปีที่แล้ว +4

      Not necessarily - they have 5 sprogs to pay for and they're not bringing enough in.

    • @sandponics
      @sandponics 4 ปีที่แล้ว

      @@metastract It is a long time since I encountered the term 'SPROGS'. Must be a fellow POM.

    • @SNORKYMEDIA
      @SNORKYMEDIA 4 ปีที่แล้ว

      @@EarnestKegler buy your phone off amazon and cheap SIM only deal - you just need not to be bothered that you dont have the flagship $1000 phone.

  • @simplemarketknowledge3958
    @simplemarketknowledge3958 4 ปีที่แล้ว +1

    This is how to do it. They’re taking the correct actions and have the correct mindset. Hoping they’re still doing well in times like this.

  • @drewholley6314
    @drewholley6314 4 ปีที่แล้ว

    Very informative. Thank you for posting this.

  • @heinzkitzvelvet
    @heinzkitzvelvet 4 ปีที่แล้ว +7

    I'm falling in love with this *_F.I.R.E_* concept. I'm looking at my expenses now and I am spending WAAAYYYY too much money on 3 phones and internet. It's time for an overhaul.
    Also, I love love love the $1.00 per pound strategy. That is amazing.

  • @ek9772
    @ek9772 4 ปีที่แล้ว +3

    Respect.
    I admire your focus in understanding sources and expenses.
    A possible expense to be chipped away are utilities.
    However, I have no idea how much of this is water, electricity, wood, or gas.
    Your state and utilities might offer incentives to reduce this.
    A possible, immediate way is thermal energy. A hot water heat pump from A.O. Smith might cut hot water expenses in half.
    Another expense is food.
    If you can, for instance, buy grains such as wheat; mill the grain into flour; process this into pasta, bread, or pastries.
    If you are a coffee drinker, you can buy green beans; you can roast the beans, and make your own espresso shots.
    Finally, you can, for instance, do canning for tomatoes, and use this for pasta.
    The result is fresher, better tasting food without preservatives at a lower cost than grocery food.
    Canning, also, allows you to buy in bulk when supplies are larger and at lower prices.
    In addition, you are training your kids to stand on their own.

  • @malcomgrant8596
    @malcomgrant8596 4 ปีที่แล้ว

    Great job guys ,keep on enjoying the fruits of your labor

  • @expeditionvehicleadventure2141
    @expeditionvehicleadventure2141 4 ปีที่แล้ว

    Inspiring and very well done. Thank you for sharing.

  • @Jesseg-rj6xf
    @Jesseg-rj6xf 4 ปีที่แล้ว +21

    Easy with common sense and living in a cheap state. We’re saving 3k each month plus investing 1k a month just to get started.

  • @cryptoforeveryone2689
    @cryptoforeveryone2689 4 ปีที่แล้ว +3

    Living in a place where you can buy a house for 50k was the first stepping stone imo. Not everyone is so lucky. But good on them.

    • @cocor.3653
      @cocor.3653 4 ปีที่แล้ว +1

      Torunamukaji There’s actually a lot of houses in many areas around the US for very close to that price....they’re going to be in very similar conditions though. You’re real estate agent isn’t going to have those in file unless they specialize in blighted or foreclosed properties. There are a lot of people who flip these houses and end up selling them for double if not more BUT the average person can also take advantage of these types of opportunities too.

  • @dynodin81
    @dynodin81 4 ปีที่แล้ว

    Now this is how you do FIRE!!!
    Great job guys! Way to do it.

  • @naturescenes-naturemediati8444
    @naturescenes-naturemediati8444 4 ปีที่แล้ว +1

    Absolutely loved this ! I want to be financially so free

  • @Branhawk
    @Branhawk 4 ปีที่แล้ว +12

    What they didn’t mention was the cost for their second home as a rental. Cost to remodel an entire house while taking time off work to do so and a few other huge expenses.

    • @scottjohnson921
      @scottjohnson921 4 ปีที่แล้ว +1

      Their second home doesn't cost them. They MAKE money each month from their rental, because the rent covers all the expenses of that house plus profit.

    • @thejubieexperience
      @thejubieexperience 4 ปีที่แล้ว

      They likely got an inheritance or lived in a home on the west coast, near NYC or somewhere else really expensive and sold it for heaps then paid cash for the rental here. It's quite common in western Montana. It's why the people who grew up there can't afford homes

    • @scottjohnson921
      @scottjohnson921 4 ปีที่แล้ว +1

      @@thejubieexperience Dumb assumption

    • @chadwilliams9141
      @chadwilliams9141 4 ปีที่แล้ว

      @@thejubieexperience Montana is pretty cheap big areas either close to glacier or west Yellowstone is where the money is skyrocketing huge developments in big sky. The place is a gold mine for later millennials and gen z as boomers are spending money here.

    • @travist2176
      @travist2176 3 ปีที่แล้ว

      @@thejubieexperience husband is in the military and the guy got free housing

  • @HMFamilyLife
    @HMFamilyLife 4 ปีที่แล้ว +3

    Smart people.

  • @victordasilva5255
    @victordasilva5255 4 ปีที่แล้ว

    Beautiful couple. God bless you’re family

  • @tmc1373
    @tmc1373 4 ปีที่แล้ว

    Please share other F.I.R.E movements WITH KIDS!! This is the absolute best video on the topic!

  • @diviner2347
    @diviner2347 4 ปีที่แล้ว +7

    Has she started a podcast or ASMR channel yet? I’d totally listen to her.

    • @adamm4582
      @adamm4582 4 ปีที่แล้ว

      Yup. Podcast, Every Day Courage

  • @curiouspeople6441
    @curiouspeople6441 4 ปีที่แล้ว +143

    this is why more and more Malls going empty , people are getting smarter with their money !

    • @SylBear
      @SylBear 4 ปีที่แล้ว +36

      ...that and Amazon, but mostly Amazon. #YangGang

    • @alicea5
      @alicea5 4 ปีที่แล้ว +21

      No. People r shopping online more than ever.

    • @curiouspeople6441
      @curiouspeople6441 4 ปีที่แล้ว

      @Dave Chappelle one of the reasons

    • @MrNileck
      @MrNileck 4 ปีที่แล้ว

      Sylvania Yip even the way you worded it jajajajaja, I was thinking exactly the same thing😂

    • @orteg3940
      @orteg3940 4 ปีที่แล้ว +2

      I saw a huge line of cars yesterday at the mall highway exit ramp.

  • @iangrant3442
    @iangrant3442 4 ปีที่แล้ว

    Thank you to market watch for making the world a better place..................

  • @sjob12
    @sjob12 4 ปีที่แล้ว +1

    They are very lucky to have each other with the same goals. Me and my wife do not see eye to eye at all regarding finances. We live in north Texas (Dallas/Plano). We are a family of four. I made about 155k per year for last twelve years. She started working three years ago and made about 50k each year. Here are some things that happened: 1) She spent $7000 on a trip to Spain while we had two car debts. 2) While we were in Spain, she spent $2500 on a purse (completely hiding the purchase from me) which she cannot return. 3) We spent $4200 on our daughter's high school graduation party. Her argument was, since we got gifts of about that much it was a good decision. 4) Our daughter could have graduated debt-free from college and with $15k in her hands. Instead of supporting me in this decision, my wife gave an example of someone who took ten years to pay off college debt. Her point is, why should our daughter graduate debt-free when so many people are graduating with a lot of debt. Our daughter now has about $52k in debt when she graduates in two months. That is after paying off some loans through internship. 5) We were in a 2000+ sqft house - 4 BR 2 BA. She incessantly complained for months (asked our daughter to join in) as the friends we hang out with have much bigger homes. We are now in a 3800+ sqft home with $288k in debt. 6) She doesn't share how she spends her earnings with me. She doesn't even let me see her paycheck. She tells me that since I am the husband who signed that I'll take care of her during our wedding, it is my responsibility to support the family not hers (this is due to the rules in our religion). There are numerous other smaller incidences. Folks, sorry to make you read this. Just sharing this with you to feel lighter.

  • @tonygonzalez305
    @tonygonzalez305 4 ปีที่แล้ว +59

    $7 for a cellphone bill? What provider you got

    • @bstnjjas3593
      @bstnjjas3593 4 ปีที่แล้ว +1

      i wanna know too!

    • @fearlessreview
      @fearlessreview 4 ปีที่แล้ว +87

      Rogelio Gonzalez must be the seed cost for her carrier pigeon

    • @zachmattes9785
      @zachmattes9785 4 ปีที่แล้ว +10

      @@fearlessreview underrated comment looolll

    • @jakevb141
      @jakevb141 4 ปีที่แล้ว +1

      check out mint mobile

    • @lisangelblack9070
      @lisangelblack9070 4 ปีที่แล้ว

      Tmobile has a $3 plan...but it's only 30 min talk and 30 min text...and/ or I forgot.

  • @gotDIBS
    @gotDIBS 4 ปีที่แล้ว +9

    Plus all the earned tax credit return money from the rugrats that wasn’t included- almost 7k and rental deductions

    • @networth00
      @networth00 2 ปีที่แล้ว

      And free insurance that us taxpayers are paying.

  • @makeyourownhappiness
    @makeyourownhappiness 4 ปีที่แล้ว

    wow goosebumps right on. cant wait to read the book!

  • @mnledesm
    @mnledesm 4 ปีที่แล้ว +1

    wishing you guys continued success.

  • @nickilanin6954
    @nickilanin6954 4 ปีที่แล้ว +19

    Okay family of 7 health insurance?? Is this covered through the military?

    • @rehull1973
      @rehull1973 4 ปีที่แล้ว +3

      I was wondering the same thing. family Health Insurance is usually the reason most people can't actually retire.

    • @gwarlow
      @gwarlow 4 ปีที่แล้ว +8

      Crunchy Taco Most Americans, anyway. Most of the rest of the "developed" world countries pay into a universal healthcare plan and do not have to choose between getting medical care or going bankrupt (or selling their home).

    • @TheCreoleSon89
      @TheCreoleSon89 4 ปีที่แล้ว +1

      Has to be military. I didn't see insurance in the breakdown. That was a secondary reason I was thinking of joining the reserve. Insurance is a tough ask for non-working Americans.

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +2

      Exactly! That’s the twist of the plot. Its not that they can live cheap and found this amazing formula. The truth is that you (the tax payer) is the one that is supporting their lifestyle. You pay for their insurance and schooling.

  • @MonkeySpecs301
    @MonkeySpecs301 4 ปีที่แล้ว +112

    Hi im Asian and everything in this vid is common sense to me,

    • @LitoGeorge
      @LitoGeorge 4 ปีที่แล้ว +23

      who cares what colour or race or tribe you're from - highlighting it is pure idiocy. The common sense values are whats important.

    • @MrZhending
      @MrZhending 4 ปีที่แล้ว +25

      @@LitoGeorge bullcrap, if 50% americans live this way, this country will be far better, but why don't they?
      of coz, different race has different culture and spending habbit.......

    • @Applemastergod
      @Applemastergod 4 ปีที่แล้ว +25

      You guys dont understand the joke because you are not Asian. All asian family live like this. Which is why its common sense, nothing about race.

    • @jeffkline9191
      @jeffkline9191 4 ปีที่แล้ว +1

      I must be part asian. lol

    • @badminverse2136
      @badminverse2136 4 ปีที่แล้ว +10

      @@LitoGeorge He merely states the fact that most Asian lives this lifestyle as default (as in their common sense), I don't think he wants to emphaize the "race" part. It was you started the race argument.

  • @faithalonekjv5123
    @faithalonekjv5123 4 ปีที่แล้ว

    The key is you guys work together and stay faithful and family focused. Put each other first and cut cords with anyone who tries to bring drama, including so-called friends. My ex and I were doing everything right, but then bad association made her discontent, then and affair, then divorce. You can have the best intentions, but if you have the wrong partner you will get now where. God bless you and your family. Much love. You are very fortunate to have found each other. Don’t take it for granted.

  • @TimothyWard
    @TimothyWard 4 ปีที่แล้ว

    Loved this video!!!

  • @Fitbyyah
    @Fitbyyah 4 ปีที่แล้ว +23

    So your saying if we start spending less, avoid gluttony in food, clothes and life we would be more FREE. Sign me up....☝️

    • @dddtrump
      @dddtrump 4 ปีที่แล้ว +1

      No. You must have someone who has a retirement pension. Like the husband has. For serving 20 years.

  • @mimihalloway6526
    @mimihalloway6526 4 ปีที่แล้ว +3

    Please make this a series so Graham Stephan can watch this and review it

  • @rudolphbazil9535
    @rudolphbazil9535 4 ปีที่แล้ว

    Wow... Thanks for the motivation.

  • @spencerschoonenberg1461
    @spencerschoonenberg1461 3 ปีที่แล้ว

    This is awesome - God I want to move to Montana. Great job Liv Tyler and fam

  • @stephanied1028
    @stephanied1028 4 ปีที่แล้ว +11

    Key thing is that most of these people are married. It’s makes a big difference when you have two incomes coming in.

    • @olaolaitan7834
      @olaolaitan7834 4 ปีที่แล้ว +1

      I think I would have done better as a single individual. I live in a city that is very expensive. I would like to move to somewhere cheaper but my partner is not bulging leaving the city we are living in.

    • @stephanied1028
      @stephanied1028 4 ปีที่แล้ว +1

      Olah Ola gotcha! Idk, I’m single and pay for everything myself. The fire movement just isn’t something I can do right now. Not much left after bills are paid and I live in a south state where the cost of living is so called cheaper. Hopefully you and your spouse can get on the same page.

    • @Indigololz
      @Indigololz 4 ปีที่แล้ว +5

      I doubt the wife was working full-time with 5 kids. You don't need two incomes to achieve your financial goals. A good partner can help stretch your single income a lot further. 👍

    • @stephanied1028
      @stephanied1028 4 ปีที่แล้ว

      Blake Egan never said you needed two people to achieve the goal. It does make it easier.

  • @aickoyvesschumann3400
    @aickoyvesschumann3400 4 ปีที่แล้ว +9

    Where do you get health insurance for free? Is it part of the military pension?

    • @msthing
      @msthing 4 ปีที่แล้ว +3

      That is always my concern with early retirement in US -- anything goes wrong health-wise, and you're screwed. Sometimes even with insurance.

    • @tfries72
      @tfries72 4 ปีที่แล้ว

      Yes he and his family are covered for free but not free in a sense because those many years of service and I am sure plenty of long deployments away from the family.

    • @Edinboron
      @Edinboron 4 ปีที่แล้ว

      @@tfries72 The VA might provide his healthcare but it doesn't cover the family.

    • @mizzbella9324
      @mizzbella9324 4 ปีที่แล้ว

      msthing1313 I know plenty of people that got cancer and could no longer work and ended up with family taking care of them, there is no such thing as security

  • @Mongo-ui1ll
    @Mongo-ui1ll 4 ปีที่แล้ว

    Y'all are richer than most! Family first , God bless

  • @dhrubachakrabarti100
    @dhrubachakrabarti100 4 หลายเดือนก่อน

    She's so calm

  • @Riiklovee93
    @Riiklovee93 4 ปีที่แล้ว +3

    Where can I find me a her!?

  • @corysturgis6660
    @corysturgis6660 3 ปีที่แล้ว +3

    Anyone else notice they dont pay forr health insurance.
    How is it possible to save 25 thousand a year for 10 years with children? Anyone please enlighten me. Especially not even 100 grand. Year.

  • @annjean8709
    @annjean8709 4 ปีที่แล้ว

    Great video. Thank you for sharing.

  • @qmakesithappen
    @qmakesithappen 4 ปีที่แล้ว

    This was so beautiful.... I'm more inspired now than ever! 5 kids??!!! There is no excuse for anyone now after hearing this story!

  • @hideyable
    @hideyable 4 ปีที่แล้ว +8

    Where I live, the median income is ~$36,700USD. In my city, a run down or simple 3 bedroom house would be ~$250,000USD. There's no such thing as $50,000USD houses.

    • @jordanlewis6439
      @jordanlewis6439 4 ปีที่แล้ว +1

      In Sydney, an shitbox 1 bedroom apartment is anywhere from 500k-800k

    • @hideyable
      @hideyable 4 ปีที่แล้ว

      @@jordanlewis6439 - I'm in Christchurch, NZ. I've visited Sydney & although your incomes are much higher than ours, I agree house prices are crazy.

    • @jaggsta
      @jaggsta 4 ปีที่แล้ว +3

      Small Town Midwest 50k houses all day long

    • @kernalbert4939
      @kernalbert4939 4 ปีที่แล้ว

      @@jaggsta That's what Heidi is saying. This is feasible where a 50,000 house exists. In her city, it does not.

    • @Ty-bl5pm
      @Ty-bl5pm 4 ปีที่แล้ว +3

      Better move then

  • @renerosalez4915
    @renerosalez4915 4 ปีที่แล้ว +15

    Lucky you have a VA health insurance , otherwise it cost a lot for family per month

    • @brians2733
      @brians2733 4 ปีที่แล้ว +3

      Not if you leverage the Affordable Care Act. There are multi-millionaires getting subsidized healthcare because it uses income to determine your need, not assets.

    • @renerosalez4915
      @renerosalez4915 4 ปีที่แล้ว

      @@brians2733 You gave me an idea, thanks

    • @RWong-wn3pv
      @RWong-wn3pv 4 ปีที่แล้ว +1

      Brian S Life is good! While the video does not indicate directly, one can only get a VA “disability” pension if the injury was incurred on the job/military service connected. This is also known as zero to 100% disability. Depending under the rules that one falls, family is normally not included.

  • @johntran2252
    @johntran2252 4 ปีที่แล้ว

    Props to them. I was thinking of retiring in montana as well.

  • @AutomotiveAnatomy
    @AutomotiveAnatomy 4 ปีที่แล้ว +1

    Much love to this 👪

  • @opaljohnson7428
    @opaljohnson7428 4 ปีที่แล้ว +7

    I didn’t see healthcare mentioned

    • @872hurikane
      @872hurikane 4 ปีที่แล้ว +2

      Retired military

    • @opaljohnson7428
      @opaljohnson7428 4 ปีที่แล้ว +7

      Kenneth Littrell So I guess the whole family is covered. Because that would easily be over $2k monthly. Healthcare is the biggest missing component in the FIRE movement

    • @872hurikane
      @872hurikane 4 ปีที่แล้ว +5

      Opal Johnson yes they are. It’s one of the greatest benefits of military retirement. Of course doing 20 years with multiple combat tours makes that retirement harder to achieve than many think.

    • @Oh-Hi-1
      @Oh-Hi-1 4 ปีที่แล้ว +1

      Healthcare for retired military only covers the retiree, not the family

    • @opaljohnson7428
      @opaljohnson7428 4 ปีที่แล้ว

      HapaOhio Then it’s strange that they done mention healthcare at all.

  • @MattSezer
    @MattSezer 4 ปีที่แล้ว +5

    This is only possible because they live somewhere with a low cost of living. Also, what about health insurance?

    • @cloudchaser907
      @cloudchaser907 4 ปีที่แล้ว +1

      A 1,400 military pension, and free health care for military families. These are not geniuses. They are average people living average with extra help. Makes it a lot easier when the government helps. I feel they didn’t give enough credit to all those GI benefits.

    • @MattSezer
      @MattSezer 4 ปีที่แล้ว +1

      @@cloudchaser907 Oh, that makes complete sense about healthcare being covered because of the military. Where I am, healthcare is about $1,100 a month for me as an individual. Granted I do have multiple chronic diseases, so I'll max out my deductible and max-out of pocket.

  • @LeviWritesBooks
    @LeviWritesBooks 4 ปีที่แล้ว

    Immediately love these people.

  • @BonBonShrimp
    @BonBonShrimp 4 ปีที่แล้ว +1

    Wait! This was my dream - retiring and living in Montana. They stole it :)
    Great video and a great family! So many things to learn from them.

    • @networth00
      @networth00 2 ปีที่แล้ว

      You must love freezing weather.

  • @jermainepryor8654
    @jermainepryor8654 4 ปีที่แล้ว +26

    This woman needs to teach other potential wives to be like her. Would probably save a lot of marriages.

    • @NTGNatural
      @NTGNatural 4 ปีที่แล้ว

      @cmiller8492 😁