Finally someone with a realistic profession, achieving fire at a realistic age, while living a realistic lifestyle, and from a realistic background. Not these social media influencers with rich parents earning 200k+ a year with no kids, and achieving fire at 32.
realism is just different at different stages and fr different pple. Steve Jobs didnt arrive in the US a filthy rich man, he worked his way to get there too.
No shade to the CNBC Make It videos that feature TH-cam influencers (do whatever you can to get the bag, right?) but seeing just a normal everyday woman who made her money the old-fashioned way is so wholesome. Congrats on achieving FIRE, Ms. Jackie! More power to you
To be a TH-cam millionaire is extremely rare! TH-cam on its own tends not to pay a lot. Some do manage to do well but if you become rich on TH-cam you’re working your behind off! I’d say hats off to you if you make it on TH-cam, it ain’t easy.
This goes to show that if you make wise investments and work hard you can be successful. I think that if you really appreciate life, you can find happiness without being Uber rich. Enjoy the simple things, treat yourself every now and then and relax.
THIS is a self-made millionaire. She worked and figured her way out of poverty and scarcity without contacts, inherited money or social status. What an achievement! Please do more videos with these kind of persons 💜
Growing up in poverty isn't really the same as "figuring a way out". Kids can't control their economic level and in general don't really care. This woman did what many people do...go to college, work in college, get a job and have a great life. She never experienced poverty as an adult.
@@MrWaterbugdesign it became clear as day that she grew up quite underprivileged, which was already a disadvantage per se, comparing to many. She put it all the work and thankfully she is having a better life now.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
A financial advisor could really help you re-adjust and identify blindspots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.
SONYA LEE MITCHELL is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
A friend makes 6 figures a year and has less than $6K in savings. His new Mercedes is $800/month and his rent is $3K/month. I’ve never made more than $60K a year but have more than 6 figures in savings and own property. I haven’t had a car note in nearly a decade (still drive my 2006 Honda that I bought used 11 years ago) and my primary mortgage is less than $1000/month. People think the secret to financial security is getting more money, but it’s really about making smart decisions with the money you already have.
The biggest thing is keeping your expenses low. However you accomplish that is up to you. The lower your expense, the less you need, so the further every dollar goes. Now I just need my wife to agree.😅
This is my favorite episode yet! It shows you can achieve a decent lifestyle while not being burnt out and still having time for your kids, family, and friends! Let's go Jackie!!
As woman from the South with a similar background, this serves as such an inspiration! Although everyone path to success is different, she has steward her resources well. God speed and continued success.
The best simple life I’ve seen. I feel that the her company’s amazing 401k match made a lot of difference as well as her promotion early on her career. Many of us dont get that fast promotion early on and usual company’s 401 match sucks.
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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.
There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
I have never heard of a 401(k) better than mine. My old company matched dollar for dollar on the first six percent and you were vested from day one. **9% on the first 7%?? ** WOW, THAT'S INSANELY GOOD!!!
I love these realistic stories!! No crazy hustles and working your life away but actually gradually building their net worth while managing time between work & family. Awesome!
This was refreshing. Key take away she was a great saver who leveraged her income through the power of compound interest. She made 80k a year and lived on 50 and became a millionaire before age 50. Super inspiring 🎉
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks for Jackie's story. Jackie's story is more achievable and relatable story than most other profiles on Make It. Doctors, lawyers, professors, finance/tech/other entrepreneurs who come from money and/or have spouses and "retire early" are outliers but make up most of the stories on Make It, so I appreciate this one on Jackie. Disciplined and consistent.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.
`This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@Brilliantrans 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 resume.
We are the product of our circumstances. Decent education and a good job in a reasonable cost community will produce good results over 25-30 years with a disciplined saving / investing mindset. She is proof. Good for Jackie!
This is a perfect video. Living the life many others around the world would live. So many people like myself can resonate and can relate when learning how to manage and be wise with money. A great foundation for myself and many others to learn and take action. Thank you Jackie Koski for providing this video full of great information. Thank you CNBC Make It for sharing this video to the world to see, learn and take action.
Fortunately, I had a college economics professor who, when I was 18, gave me a lesson. You cannot buy something else for every purchase you make, was the lesson learned. Living within your limits and having a variety of income streams are prudent decisions. Consider taxes and your source of income. I made $k in total net income last year and didn't pay any federal taxes.
Right there by your side. With no debt, I'm retiring early. Children are looked after. constructing my ideal house on 11 acres with a view of the river valley. There are many methods to make money right now, but only in-the-moment professionals can execute such high-volume, near-perfect deals.
There are many ways to benefit handsomely, especially in this bear market, but such intricate trades can only be executed by qualified market professionals.
It appears that I organized my money using the FIRE movement. Investigate it more by performing some study. They were then successful at investing in equities, cryptocurrency, and real estate with the aid of a financial expert.
@michaelrenner3 Yes, Julie Anne Hoover is my investment adviser; she is well-known and has a sizable fan base. So finding her shouldn't be difficult. Just Google her name.
@@danieljackson87 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Julie up and sent her a message. You've truly motivated me. God's blessings on you
Thanks for sharing this. Jackie’s goal was not to live in poverty. She achieved her long term goal at under 50 y.o., through her own efforts, with a general plan, in a normal job (with a good 401(k) plan) and living in a modest midwestern town. She built wealth through investing, reached FIRE and lives every day on her own terms. Her American Dream fulfilled. Hats off to her and her dad. Congratulations, Jackie!
Great video; I wish we had more details on her expenses like health care, and other expenses. She’s obviously done very well and that’s great for her. She’s too young to withdraw her 401k without incurring a 10 percent penalty on top of any income tax due so she must have a lot of after tax money saved; it would have been nice to see a little more details on her assets. Great 401k match from her former employer.
I love her story, because it shows that being consistent over the long term, ultimately wins the race. I just love seeing people win, because there are far too many instances of people being in debt and making poor financial decisions.
Yes! Most people who plan for FIRE use mutual funds or ETFs so they can pull that money until they're old enough to use their 401k/IRAs. (In addition to finding little side hustles of course.)
Would love to know if she have health insurance, which is very expensive when not matched by an employer, especially since she is too young to be eligible for Medicare. Health insurance is a very important expense that is necessary, in case a serious illness or condition occurs (ex: breast cancer, cancer, knee surgery ect). As we all age, unexpected health issues even minor may occur & medical costs are extremely expensive especially if you are hospitalized. Plus if her daughter is under 26 years old, she can be covered on her mother’s health plan until she is 26 years old. Very important for our kids to also have the medical insurance safety net too. I’m glad to see that she reached her goals for retirement, but very curious regarding this topic of health insurance coverage.
@@vetgirl71 You can get health insurance pretty cheap with ACA. If her yearly expenses are $50k she is probably claiming a yearly income around that level. ACA will have a lot of subsidies for that income level, the out of pocket for the premium may even be $0.
She lives in my neighborhood. I'd love to meet her! I'm not quite where she is but I should be where she is in next 4 to 5 years!.Congrats girl, hope you have a fulfilling life!
These are the stories that the news should show. "Woman works hard and good things follow". Jackie IS the American dream. For her future career though, she should sell whatever keeps her looking 39 when she's 49!
Jackie your story is truly inspiring, and I plan for me and my followers to be where you are very soon through Stocks. My only question is why not pay off your mortgage for peace of mind?
Her earnings (from capital gains & dividends) exceeds the interest she pays on the mortgage. Also, she probly feels secure knowing she can fairly quickly convert her stocks into cash to settle her mortgage, in case the S hits the fan. She's quite secure.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
@@alexgorham7464 Yeah! every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
@@alexgorham7464 The pandemic came and taught me the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial secured anymore. So we all need to put in an extra- income earning chance, like bitcoin, stocks bonds real estate .
@@alexgorham7464 True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.
@@stevendiaz9672 What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from
She's not "retired" in my book. She said that she still has a business and can write things off as a tax deduction. She's "semi-retired" and it sounds like that she is still putting in some work for additional money.
This woman is super inspirational. I'd love to know more about how her money is structured. She can't touch the 401K money w/o penalty until she's 59.5, so I'm assuming she isn't touching the 401K funds. She lives a frugal life. Instead of retirement, it sounds like she is still working but no longer needs a corporate job to make it all work. It sounds like she is working for herself now. We don't have a concept to explain this phenomena of people having enough money to leave corporate life, but still want to work - "retirement" isn't the correct word. But I totally get it and wish this woman all the best
@@lowwastehighmelanin AFC is Accredited Financial Counselor® credentials!! Jackie was always dropping gems in class and was extremely helpful with sharing her wisdom and providing additional resources to fellow AFC candidates!! She definitely stood out (in a very good way) in our classes!!! 💎 I’m so happy for her to be featured on here!!
Agreed! Some companies will increase their match the longer you stay. I heard one company that does 3% match with 3% but if you stay for 6 years it goes up to 9%. This lady in the video stayed for 20 years so maybe that’s a factor.
Love her! She's such a surprisingly relatable FIRE person - I liked her not fussing over a phone bill deal and saying she's neither the most frugal nor indulgent.
Agreed. I think she's one of my favorites from CNBC Make It since alot of others on it are doing side hustles and other things on top of their main job while she isn't since she's focused on also making quality time with her daughter. I love her attitude!
She learned financial education EARLY at her first job. That is KEY. Something we are desperately missing in the United States. and then she took advantage of it - 9% match on 7% contribution for 401k! WOW! Awesome story and props to her.
Great to see someone that realized it doesn’t matter how much you make, it matters how much you save. I know people making crazy money that spend all of it.
Funny how everyone thinks u need to make crazy money to retire young. This woman did it by 49 “only” making 80k a year. If ppl were just smarter with money and invested more instead of being a consumer way more ppl would retire young. But most people are short term minded instead of long term.
I love this! So much more relatable than some other stories of hustle culture. Worked a 9-5 and kept her expenses low and got her wealth through a 401k. Let’s us know that FIRE is possible for an average Joe! She’s beautiful as well. Wouldn’t think she’s hitting 50.
This is actually more reasonable and worth hearing than the typical 20 to 30 something year old with $10 million. Maybe the stories of young people are inspiring to those under 25 years old but they definitely discourage those above 25.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
“NICOLE ANASTASIA PLUMLEE’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
In the UK even if we had 1.3 million in our retirement account at age 46 we still could not retire as you can only access the funds at age 55. Curious how did she “retire” if majority of her saving / investments are in her retirement account ….
I achieved the FIRE number 2 years ago. My accountant just told me that the current FIRE number is 2 mils due to inflation. I'm glad I didn't quit my job. 🙃
My main concern is she could live for 40 more years.If her money is still in the market, if it crashes, she could be forced back into the workforce. If she can get a 5% guaranteed return on her money, risk free, then she's good. Otherwise, she's at risk especially since leaving the workforce early means a smaller social security payout when eligible. I think one should have 4 or 5 independent streams of income when they retire. She isn't old enough to withdraw from a 401k penalty free either.
Finally someone with a realistic profession, achieving fire at a realistic age, while living a realistic lifestyle, and from a realistic background. Not these social media influencers with rich parents earning 200k+ a year with no kids, and achieving fire at 32.
Yeah - too many people look at the outliers as the standard. You have to look at your lifestyle and adjust accordingly.
Lol
Amen!
realism is just different at different stages and fr different pple. Steve Jobs didnt arrive in the US a filthy rich man, he worked his way to get there too.
And a realistic divorce with realistic alimony and child support 😂
No shade to the CNBC Make It videos that feature TH-cam influencers (do whatever you can to get the bag, right?) but seeing just a normal everyday woman who made her money the old-fashioned way is so wholesome. Congrats on achieving FIRE, Ms. Jackie! More power to you
👏🏽👏🏽👏🏽👏🏽
They’ve made vids of a lot of normal everyday people lol
Totally agree. This was refreshing to see.
To be a TH-cam millionaire is extremely rare! TH-cam on its own tends not to pay a lot. Some do manage to do well but if you become rich on TH-cam you’re working your behind off! I’d say hats off to you if you make it on TH-cam, it ain’t easy.
This goes to show that if you make wise investments and work hard you can be successful. I think that if you really appreciate life, you can find happiness without being Uber rich. Enjoy the simple things, treat yourself every now and then and relax.
THIS is a self-made millionaire. She worked and figured her way out of poverty and scarcity without contacts, inherited money or social status. What an achievement! Please do more videos with these kind of persons 💜
Growing up in poverty isn't really the same as "figuring a way out". Kids can't control their economic level and in general don't really care. This woman did what many people do...go to college, work in college, get a job and have a great life. She never experienced poverty as an adult.
@@MrWaterbugdesign it became clear as day that she grew up quite underprivileged, which was already a disadvantage per se, comparing to many. She put it all the work and thankfully she is having a better life now.
@@MrWaterbugdesign She also got her husband's 401k in a divorce. He was saving more than her and was trying to hide it. Not exactly self made.
alot of other pple wored their way to becoming billionaires.
@@beatricerightsyou can get someone’s 401k in a divorce? 😳
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Your allocation looks solid. Consider dollar-cost averaging & dividend reinvestment. I suggest you consult with a financial advisor for guidance.
A financial advisor could really help you re-adjust and identify blindspots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.
Wow, that's incredible. Could you recommend who you work with? I really could use some help at this moment please.
“Sonya Lee Mitchell” is the licensed advisor I use. Just search the name. You’ll find necessary details to work with to set up an appointment.
SONYA LEE MITCHELL is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
A friend makes 6 figures a year and has less than $6K in savings. His new Mercedes is $800/month and his rent is $3K/month. I’ve never made more than $60K a year but have more than 6 figures in savings and own property. I haven’t had a car note in nearly a decade (still drive my 2006 Honda that I bought used 11 years ago) and my primary mortgage is less than $1000/month. People think the secret to financial security is getting more money, but it’s really about making smart decisions with the money you already have.
The biggest thing is keeping your expenses low. However you accomplish that is up to you. The lower your expense, the less you need, so the further every dollar goes.
Now I just need my wife to agree.😅
Yes!
Way to go! Keep up the good work.
How?
This literally the perfect example of the next door millionaire.
This is my favorite episode yet! It shows you can achieve a decent lifestyle while not being burnt out and still having time for your kids, family, and friends! Let's go Jackie!!
She looks way younger than 49! I’m so happy for her and her success. I hope she lives a wonderful and restful rest of her life ❤️
if that word come from deep heart, i guarantee you will be splashed of success like her👍
Well, black don't crack
Just like Asian dont raisin
She said she retired at 49 in 2019, so she was 52 here.
I absolutely love this! I especially respect she did this without wearing herself out and missing time with her daughter.
LOVE Jackie and this episode. This episode feels so realistic and Jackie is so inspiring!
This lady is a role model! Class act
As woman from the South with a similar background, this serves as such an inspiration! Although everyone path to success is different, she has steward her resources well. God speed and continued success.
A millionaire without being a youtuber. Nice
Hopefully this comments isn't slept on.
This is why kids need their father in their lives.
Lol
How many TH-camrs are millionaires?
@@enigmathegrayman2953
Not a lot. 0.25% make money on TH-cam out of the 31 million TH-cam channels.
The best simple life I’ve seen. I feel that the her company’s amazing 401k match made a lot of difference as well as her promotion early on her career. Many of us dont get that fast promotion early on and usual company’s 401 match sucks.
Big congrats to Jackie! What an inspiring and relatable story. We need more of these. ☺️
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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.
There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
I love this path! It’s achievable for everyone. You don’t have to be extreme
It was achievable if we started a while back. Now it's not. We will be lucky to survive the next 8 years.
Congrats to her! No secrets here, just working a simple job, and investing.
and an incredible bull market in the last 8 years.
@@mikejamroz2787 has happened before and will happen again. Let her enjoy her success.
she got half her husband 401k because he tried to hide it from her in diuvorce
@@autobotdiva9268 Wow! Do you live in her backyard?
@@relaxationsoundsambience2724 ask her, she will tell you
I have never heard of a 401(k) better than mine. My old company matched dollar for dollar on the first six percent and you were vested from day one. **9% on the first 7%?? ** WOW, THAT'S INSANELY GOOD!!!
I love these realistic stories!! No crazy hustles and working your life away but actually gradually building their net worth while managing time between work & family. Awesome!
This kind of “Make it” episode is so relatable. I love it! It shows one can FIRE without a TH-cam channel!👏🏽👏🏽
And without crypto investmen
getting rich slowly, the warren buffet way, compound interest etc. that's the disciplined method
I love this! She utilized her job and never compromised on her values!
I am 48 and on track to FIRE in another 5 years with $2 Million!! I am divorced and hoping to find a partner who is on a similar path
This was refreshing. Key take away she was a great saver who leveraged her income through the power of compound interest. She made 80k a year and lived on 50 and became a millionaire before age 50. Super inspiring 🎉
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
49? I would put her at 38 tops! she looks amazing!
She's actually 51 currently...which I'm realizing as I get older is still young lol. She does look amazing!
MORE OF THIS PLEASE! REALISTIC
Thanks for Jackie's story. Jackie's story is more achievable and relatable story than most other profiles on Make It. Doctors, lawyers, professors, finance/tech/other entrepreneurs who come from money and/or have spouses and "retire early" are outliers but make up most of the stories on Make It, so I appreciate this one on Jackie. Disciplined and consistent.
Loved her story, very real and a good look at not feeling you have to dabble in a little everything. Really enjoyed her story about her journey
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.
`This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@Brilliantrans That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@Brilliantrans 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 resume.
We are the product of our circumstances. Decent education and a good job in a reasonable cost community will produce good results over 25-30 years with a disciplined saving / investing mindset. She is proof. Good for Jackie!
I love Jackie! She is so down to earth and just an overall good person. Thank you for featuring her story!
This is a perfect video.
Living the life many others around the world would live. So many people like myself can resonate and can relate when learning how to manage and be wise with money.
A great foundation for myself and many others to learn and take action.
Thank you Jackie Koski for providing this video full of great information.
Thank you CNBC Make It for sharing this video to the world to see, learn and take action.
She is one of the smartest person I've seen on this series
Very inspiring yet relatable. Thank you Jackie. We are similar, you just said it so much more eloquently 👍
Fortunately, I had a college economics professor who, when I was 18, gave me a lesson. You cannot buy something else for every purchase you make, was the lesson learned. Living within your limits and having a variety of income streams are prudent decisions. Consider taxes and your source of income. I made $k in total net income last year and didn't pay any federal taxes.
Right there by your side. With no debt, I'm retiring early. Children are looked after. constructing my ideal house on 11 acres with a view of the river valley. There are many methods to make money right now, but only in-the-moment professionals can execute such high-volume, near-perfect deals.
There are many ways to benefit handsomely, especially in this bear market, but such intricate trades can only be executed by qualified market professionals.
It appears that I organized my money using the FIRE movement. Investigate it more by performing some study. They were then successful at investing in equities, cryptocurrency, and real estate with the aid of a financial expert.
@michaelrenner3 Yes, Julie Anne Hoover is my investment adviser; she is well-known and has a sizable fan base. So finding her shouldn't be difficult. Just Google her name.
@@danieljackson87 I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Julie up and sent her a message. You've truly motivated me. God's blessings on you
Thanks for sharing this. Jackie’s goal was not to live in poverty. She achieved her long term goal at under 50 y.o., through her own efforts, with a general plan, in a normal job (with a good 401(k) plan) and living in a modest midwestern town. She built wealth through investing, reached FIRE and lives every day on her own terms. Her American Dream fulfilled. Hats off to her and her dad. Congratulations, Jackie!
Love it!!! Can’t wait to join the lifestyle in 2 years.
This story shows the significance of a strong father. Great story.
Great video; I wish we had more details on her expenses like health care, and other expenses. She’s obviously done very well and that’s great for her. She’s too young to withdraw her 401k without incurring a 10 percent penalty on top of any income tax due so she must have a lot of after tax money saved; it would have been nice to see a little more details on her assets. Great 401k match from her former employer.
I love her story, because it shows that being consistent over the long term, ultimately wins the race. I just love seeing people win, because there are far too many instances of people being in debt and making poor financial decisions.
Yes! Most people who plan for FIRE use mutual funds or ETFs so they can pull that money until they're old enough to use their 401k/IRAs. (In addition to finding little side hustles of course.)
Would love to know if she have health insurance, which is very expensive when not matched by an employer, especially since she is too young to be eligible for Medicare. Health insurance is a very important expense that is necessary, in case a serious illness or condition occurs (ex: breast cancer, cancer, knee surgery ect). As we all age, unexpected health issues even minor may occur & medical costs are extremely expensive especially if you are hospitalized. Plus if her daughter is under 26 years old, she can be covered on her mother’s health plan until she is 26 years old. Very important for our kids to also have the medical insurance safety net too. I’m glad to see that she reached her goals for retirement, but very curious regarding this topic of health insurance coverage.
@@vetgirl71 You can get health insurance pretty cheap with ACA. If her yearly expenses are $50k she is probably claiming a yearly income around that level. ACA will have a lot of subsidies for that income level, the out of pocket for the premium may even be $0.
She lives in my neighborhood. I'd love to meet her! I'm not quite where she is but I should be where she is in next 4 to 5 years!.Congrats girl, hope you have a fulfilling life!
I love seeing relatable stories like these on the channel. Thanks for sharing Jackie's story.
These are the stories that the news should show. "Woman works hard and good things follow". Jackie IS the American dream.
For her future career though, she should sell whatever keeps her looking 39 when she's 49!
Jackie your story is truly inspiring, and I plan for me and my followers to be where you are very soon through Stocks. My only question is why not pay off your mortgage for peace of mind?
Her earnings (from capital gains & dividends) exceeds the interest she pays on the mortgage.
Also, she probly feels secure knowing she can fairly quickly convert her stocks into cash to settle her mortgage, in case the S hits the fan. She's quite secure.
"if you don't build your dream someone else will hire you to help build theirs"
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
@@alexgorham7464 Yeah! every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
@@alexgorham7464 The pandemic came and taught me the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial secured anymore. So we all need to put in an extra- income earning chance, like bitcoin, stocks bonds real estate .
@@alexgorham7464 True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.
@@stevendiaz9672 What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from
She's not "retired" in my book. She said that she still has a business and can write things off as a tax deduction. She's "semi-retired" and it sounds like that she is still putting in some work for additional money.
This woman is super inspirational. I'd love to know more about how her money is structured. She can't touch the 401K money w/o penalty until she's 59.5, so I'm assuming she isn't touching the 401K funds. She lives a frugal life. Instead of retirement, it sounds like she is still working but no longer needs a corporate job to make it all work. It sounds like she is working for herself now. We don't have a concept to explain this phenomena of people having enough money to leave corporate life, but still want to work - "retirement" isn't the correct word. But I totally get it and wish this woman all the best
Good job! This is a very relatable and inspiring video.
Love this video! What an inspiration. I hope to have the nerve to follow in your footsteps this year!
I love your story! Striving for this.
Her dad would be so proud!
Go, girl👏🏾 Looking good and living good✊🏾
Oh my!! That’s Jackie!!! I recognize her face immediately!! We had AFC classes together!!! Congratulations Jackie!!
What's AFC?
@@lowwastehighmelanin AFC is Accredited Financial Counselor® credentials!! Jackie was always dropping gems in class and was extremely helpful with sharing her wisdom and providing additional resources to fellow AFC candidates!! She definitely stood out (in a very good way) in our classes!!! 💎 I’m so happy for her to be featured on here!!
9% from the employer on a 7% investment from the employee is UNHEARD of. I'd love if my employer did this.
Agreed! Some companies will increase their match the longer you stay. I heard one company that does 3% match with 3% but if you stay for 6 years it goes up to 9%. This lady in the video stayed for 20 years so maybe that’s a factor.
@@kevinhoang9074 Wow, what kind of company was that ?
working in financial industries help, mine is 5% for 9% after 3 years of working
Love her! She's such a surprisingly relatable FIRE person - I liked her not fussing over a phone bill deal and saying she's neither the most frugal nor indulgent.
Me too!! Her presence is so genuine!!
Agreed. I think she's one of my favorites from CNBC Make It since alot of others on it are doing side hustles and other things on top of their main job while she isn't since she's focused on also making quality time with her daughter. I love her attitude!
Having low expenses is key to saving and being able to put back as much you can. Great story!
Jackie, your story is admirable because it's relatable! Congratulations on becoming FI and a millionaire 👏👏👏
Jackie, still proud of you!
She's is such a beautiful and eloquent woman. I'm very happy for her!
This is the realistic FIRE without a massive TH-cam channel
She learned financial education EARLY at her first job. That is KEY. Something we are desperately missing in the United States. and then she took advantage of it - 9% match on 7% contribution for 401k! WOW! Awesome story and props to her.
My admiration, lady! You’ve done great!
She is so sweet and down to earth
Outstanding job, Jackie! The power of self-discipline combined with financial wisdom: A most awesome combination Congrats on your achievements!
I'm happy for her. Great episode! I do wonder what her business is, though.
Love this Make It. So relatable
Firt of all she does NOT look like she's 49! Secondly this is s a phenomenal story!! ❤️🙌🏽
Fantastic!! Well done, well deserved!
U betta go Girl!! Congratulations 🥳🍾🎉🎊on all of your success…. definitely inspiring and a force to be wrecking with!!! ❤️💪🏾
Loved this story very inspiring, really just takes consistency.
Cool to see someone from Augusta making it!!!!!!
Thank you for this inspirational video.
Simply put. She’s smart. Good for you
This video is gold👍
Inspiring video it’s good to see a regular everyday person reach a net worth of a Mill. It shows it’s possible to people like myself!
Great to see someone that realized it doesn’t matter how much you make, it matters how much you save. I know people making crazy money that spend all of it.
Looking at average incomes vs. expenses I have to say I disagree totally. Income matters but living under your income really helps.
Lovely, humble lady with a great story. So happy she achieved her dreams.
Love it! This is way better than those unrealistic influencer videos
For real. I hate those lol
Great episode. Probably my favorite
Funny how everyone thinks u need to make crazy money to retire young. This woman did it by 49 “only” making 80k a year. If ppl were just smarter with money and invested more instead of being a consumer way more ppl would retire young. But most people are short term minded instead of long term.
With the help of her 401 K. If she didn't have a good employer. She won't have retired by now
I wonder what index funds she used 🤔
@@ejbatu there’s a lot of different index funds. Could also be a lot in SPY
actually she left out her divorce
I love this! So much more relatable than some other stories of hustle culture. Worked a 9-5 and kept her expenses low and got her wealth through a 401k. Let’s us know that FIRE is possible for an average Joe! She’s beautiful as well. Wouldn’t think she’s hitting 50.
I love this so inspiring!! ♥️🎉 I’m next I’m claiming it!
Good for her! Worked hard and takes care of her family. Sounds like she deserves it 👍
This is actually more reasonable and worth hearing than the typical 20 to 30 something year old with $10 million. Maybe the stories of young people are inspiring to those under 25 years old but they definitely discourage those above 25.
Huge congrats to her!
Amazing job and inspiring….Congrats Jackie 👏🥳🍾
Congrats on your grind an accomplishment!!
Enjoyed this story! So inspiring.
Good she got out before the start of 2020. Wish her the best on her next adventure
Amazing episode, soo inspiring!!
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
“NICOLE ANASTASIA PLUMLEE’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Rewatching. She's amazing!
In the UK even if we had 1.3 million in our retirement account at age 46 we still could not retire as you can only access the funds at age 55. Curious how did she “retire” if majority of her saving / investments are in her retirement account ….
This was so refreshing! 😊
I achieved the FIRE number 2 years ago. My accountant just told me that the current FIRE number is 2 mils due to inflation.
I'm glad I didn't quit my job. 🙃
That company match for is clutch
This was a good episode. Very realistic and a good example.
Congratulations on achieving a comfortable lifestyle. What a blessing!
My main concern is she could live for 40 more years.If her money is still in the market, if it crashes, she could be forced back into the workforce.
If she can get a 5% guaranteed return on her money, risk free, then she's good. Otherwise, she's at risk especially since leaving the workforce early means a smaller social security payout when eligible.
I think one should have 4 or 5 independent streams of income when they retire.
She isn't old enough to withdraw from a 401k penalty free either.