I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@Markjohnson09 Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with Marisa Michelle Litwinsky` for years and highly recommend her. Look her up to see if she meets your criteria.
@@Markjohnson09 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I loved hearing this live and re-listening to it today! So many good takeaways. The mental struggle is so real when you go from giving all your time, energy, and bandwidth to an employer to being retired. I struggled hard with identity and found myself frantically searching for jobs a month in. I also felt guilty when I'd have an unproductive day, as if there's some law that says every day must be perfectly optimized for maximum productivity. It's taken me a while to realize that nobody else cares what I do, or how much I get done in a day, or if I take a day to relax and just do the very basics of living. Such a great talk, Maggie. Thanks for being so open about your experience.
@MoneyCoachDavid Thanks for commenting here. Getting to re-watch these videos is such a treat. Good job on not trying to fill every second with being 'productive'. Taking breaks is productive though. You are producing peace, calm and likely better health.
Thanks David! I appreciate you sharing that! The struggle is real! I constantly have to check my preconceived notions and adjust and evolve my thinking as I lean more into a very different lifestyle.
Wow this is a great video and I totally resonate with all of the fears etc. I am 56 and want to do this and currently held back by fears and feeling like I don't have enough. I guess I can always look at it like just scaling back and I love the what got you here will not get you there! Thanks so much!
Thank you for sharing. Well done! I'm 54 and on day 149. It's a very strange feeling transitioning from the overachiever, hecktic, preasure cooker daily life. I did consult with my old employer two days a week for a few months, so that helped with the transition. My biggest challenge will be chasing entrepreneurial ventures. Your suggestion on structure is spot on. Looking forward to checking out your podcast.
Hey! Thanks for the comment. I can very much relate to all of those feelings!! It’s a unique transition for sure and I also keep finding myself attracted to business ventures and have to check myself and ask WHY. Hope you enjoy the podcast! And congrats on retiring!!!
I am 55 and have been a public school teacher for 31 years. I can retire here in Wisconsin at 55. My wife wants me to and we should be fine, financially, according to our Edward Jones advisor with my pension, Roth, and wife's income... but I still find myself questioning and fearful of our finances. It's a total head-hurdle. I'm listening closely! Thank you for the insights!
Kurt, this is REALLY common. No matter how much you've saved, you'll still feel some uneasiness walking away from work. I always encourage folks to go to an event like CampFI; you'll leave with so much clarity, inspiration, and confidence. A lot of people who attend CampFI bring their numbers because they're unsure or fearful of making a decision. Imagine having a huge group of 60 really smart people who've done what you're trying to do look at your numbers, confirm whether you're safe to retire, and then help you work through the mental challenges of making the decision. It's super inspiring watching folks who say on the first night, "I don't know if I can retire," proceed to leave 3 days later saying, "I sent an email putting in my notice this morning!" I hope to see you at an event and hear more about your story! :)
Thanks Kurt! And good luck as you're deciding what to do next. Also remember you can always try something out, and then go back to teaching (assuming it's easy to get re-hired as a teacher in your area).
@kurtthuemmler5270 Wow, congratulations on getting to a place where the numbers say you are good to retire if you want. You are watching the right content if you want to connect with those who have and are navigating early retirement and all that goes with it. Keep going down the "FI" rabbit hole if you haven't already. You will soon learn many people are doing it and it is working out. You'll also learn things like the 4% rule which might help ease your fears as it is backed by studies. It is basically what the Financial Independence movement is based on. Thanks for watching and commenting. Congratulations for getting to where you are financially and good luck navigating the next steps.
Thanks for this talk - it really resonated. I retired early over a year ago and your points really landed. Especially the whole not feeling yourself for the first year or two. I think I’m starting to come back but it’s been an eye opening experience. Here’s to many more years of retirement
Wow, this was exceptional! I am very much aligned with everything she is saying....almost like I could have gave the same presentation. I just looked up the podcast, "inside out money". Thank you!
That podcast is so chill, funny, entertaining and educational. Maggie and her cohosts are hilarious. Thanks for checking out this CampFI TH-cam channel and for also listening to Maggie's podcast "Inside Out Money" www.youtube.com/@insideoutmoney
I retired at age 53 with a financial plan and capability to generate more income than I consumed and to grow my wealth through retirement. I am 6 YEARS into retirement and all is well, so I agree with Maggie. The transition is going to be different for everyone. I LOVED retirement from day 1 because I was leaving a toxic job. The primary driver for me was focusing my skills and mental energy on growing my own wealth rather than the fiction of "growing" by building the wealth of an employer. The only warning I would make is watch out for people who will bring you down: family members who like to criticize you and tell you that you "will be a beggar soon" and that you "need a job" or that "you will be a nobody without your job." Such do-gooders are toxic to your mental well being.
@BSGSV Great to hear your retirement of 6 years has gone well. As for the do-gooders...a lot of them mean well..they just don't get it. But in time, your example will speak for itself. Thanks for watching and commenting.
I've been very fortunate that all of my close friends and family are incredibly supportive of our life changes and early retiring. If anything they are curious and want to do it themselves. So it's been really nice to not have any negative or toxic influences or voices around us, though I agree if you do encounter those definitely put on the earmuffs and chock it up to this is an unconventional path and not everyone will understand it.
Uhm hey. First off there’s nothing wrong with being a stay at home mom. But aside from that, my husband also early retired on the same day as me. We both quit working, for life. We’re loving it.
@@insideoutmoney "We both quit working" - yeah, except for the website. And the podcast and the "merch". Does it make me Bad to point that out? Oh wait, am I still banned from this channel? Because I'm Bad.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@Markjohnson09 Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with Marisa Michelle Litwinsky` for years and highly recommend her. Look her up to see if she meets your criteria.
@@Markjohnson09 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I loved hearing this live and re-listening to it today! So many good takeaways.
The mental struggle is so real when you go from giving all your time, energy, and bandwidth to an employer to being retired. I struggled hard with identity and found myself frantically searching for jobs a month in. I also felt guilty when I'd have an unproductive day, as if there's some law that says every day must be perfectly optimized for maximum productivity. It's taken me a while to realize that nobody else cares what I do, or how much I get done in a day, or if I take a day to relax and just do the very basics of living.
Such a great talk, Maggie. Thanks for being so open about your experience.
@MoneyCoachDavid Thanks for commenting here. Getting to re-watch these videos is such a treat. Good job on not trying to fill every second with being 'productive'. Taking breaks is productive though. You are producing peace, calm and likely better health.
Thanks David! I appreciate you sharing that! The struggle is real! I constantly have to check my preconceived notions and adjust and evolve my thinking as I lean more into a very different lifestyle.
Wow this is a great video and I totally resonate with all of the fears etc. I am 56 and want to do this and currently held back by fears and feeling like I don't have enough. I guess I can always look at it like just scaling back and I love the what got you here will not get you there! Thanks so much!
"Agency" Love it! Thank you for making this video.
Thank you for sharing. Well done! I'm 54 and on day 149. It's a very strange feeling transitioning from the overachiever, hecktic, preasure cooker daily life. I did consult with my old employer two days a week for a few months, so that helped with the transition. My biggest challenge will be chasing entrepreneurial ventures. Your suggestion on structure is spot on. Looking forward to checking out your podcast.
Hey! Thanks for the comment. I can very much relate to all of those feelings!! It’s a unique transition for sure and I also keep finding myself attracted to business ventures and have to check myself and ask WHY. Hope you enjoy the podcast! And congrats on retiring!!!
I am 55 and have been a public school teacher for 31 years. I can retire here in Wisconsin at 55. My wife wants me to and we should be fine, financially, according to our Edward Jones advisor with my pension, Roth, and wife's income... but I still find myself questioning and fearful of our finances. It's a total head-hurdle. I'm listening closely! Thank you for the insights!
Kurt, this is REALLY common. No matter how much you've saved, you'll still feel some uneasiness walking away from work.
I always encourage folks to go to an event like CampFI; you'll leave with so much clarity, inspiration, and confidence. A lot of people who attend CampFI bring their numbers because they're unsure or fearful of making a decision. Imagine having a huge group of 60 really smart people who've done what you're trying to do look at your numbers, confirm whether you're safe to retire, and then help you work through the mental challenges of making the decision.
It's super inspiring watching folks who say on the first night, "I don't know if I can retire," proceed to leave 3 days later saying, "I sent an email putting in my notice this morning!" I hope to see you at an event and hear more about your story! :)
Thanks Kurt! And good luck as you're deciding what to do next. Also remember you can always try something out, and then go back to teaching (assuming it's easy to get re-hired as a teacher in your area).
@kurtthuemmler5270 Wow, congratulations on getting to a place where the numbers say you are good to retire if you want. You are watching the right content if you want to connect with those who have and are navigating early retirement and all that goes with it. Keep going down the "FI" rabbit hole if you haven't already. You will soon learn many people are doing it and it is working out. You'll also learn things like the 4% rule which might help ease your fears as it is backed by studies. It is basically what the Financial Independence movement is based on.
Thanks for watching and commenting. Congratulations for getting to where you are financially and good luck navigating the next steps.
Good watch of you are considering retirement. I went "one more year" once before retiring at 53 th-cam.com/video/Y3ZPKMXW_aI/w-d-xo.html
Thanks for everything you do for the FI community, Maggie. Always enjoy your podcast...and now I get to see the famous tie-dyed shirt!
CampFI - Together We FI, awesome video, your hard work really shows
@JetLagRecords Thank you so much for the kind comment and for watching.
Thanks for this talk - it really resonated. I retired early over a year ago and your points really landed. Especially the whole not feeling yourself for the first year or two. I think I’m starting to come back but it’s been an eye opening experience. Here’s to many more years of retirement
Thanks for the comment! And glad to hear it resonates. And congrats on your retirement!!
Wow, this was exceptional! I am very much aligned with everything she is saying....almost like I could have gave the same presentation. I just looked up the podcast, "inside out money". Thank you!
That podcast is so chill, funny, entertaining and educational. Maggie and her cohosts are hilarious. Thanks for checking out this CampFI TH-cam channel and for also listening to Maggie's podcast "Inside Out Money" www.youtube.com/@insideoutmoney
Thanks for sharing! Glad it's relatable, and thanks for checking out the podcast!
I love camp Fi and can’t wait to come someday
What's stopping you? Would love to have you come out.
@@CampFI I am looking at January in Florida. I will get there someday.
I also love campFI and have been twice now! My favorite FI related event!
I retired at age 53 with a financial plan and capability to generate more income than I consumed and to grow my wealth through retirement. I am 6 YEARS into retirement and all is well, so I agree with Maggie. The transition is going to be different for everyone. I LOVED retirement from day 1 because I was leaving a toxic job. The primary driver for me was focusing my skills and mental energy on growing my own wealth rather than the fiction of "growing" by building the wealth of an employer. The only warning I would make is watch out for people who will bring you down: family members who like to criticize you and tell you that you "will be a beggar soon" and that you "need a job" or that "you will be a nobody without your job." Such do-gooders are toxic to your mental well being.
@BSGSV Great to hear your retirement of 6 years has gone well. As for the do-gooders...a lot of them mean well..they just don't get it. But in time, your example will speak for itself. Thanks for watching and commenting.
I've been very fortunate that all of my close friends and family are incredibly supportive of our life changes and early retiring. If anything they are curious and want to do it themselves. So it's been really nice to not have any negative or toxic influences or voices around us, though I agree if you do encounter those definitely put on the earmuffs and chock it up to this is an unconventional path and not everyone will understand it.
❤❤❤
This sounds depressing. Isn’t she a stay at home mom? Husband works correct? This is same as my wife, but she’s not FI.
Uhm hey. First off there’s nothing wrong with being a stay at home mom. But aside from that, my husband also early retired on the same day as me. We both quit working, for life. We’re loving it.
@@insideoutmoney "We both quit working" - yeah, except for the website. And the podcast and the "merch". Does it make me Bad to point that out? Oh wait, am I still banned from this channel? Because I'm Bad.