The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.

To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

can you endorse any ?

Angela Lynn Schilling, does a perfect job. look her up on the web

Angela Lynn Schilling 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.

In other words, it makes it accessible.

@ala’ Arabyat But now the celebrities want to take over KZfaq, and KZfaq is helping.

@@themelanatednomad6989 Still we as audience have the right to choose , before we were forced to certain trends

ala! lol there is nothing special about a bunch of money lovers that one day become useless leaches of society without any valuable skills . The rich will be first to whine when the great depression returns. its comming and their money will be useless pieces of paper. then what? they will be a parasite to us farmers and food growers

@@svetlanikolova7673 their lifestyle illustrates that they are humble and didn't act like fake heroes

Yes wow No hair salon runs, shes doesnt go the nail shop, she doesn't have a car note or her car insurance is probably low too. Shes saving a ton of money. Im sure her bank account is pretty nice and comfortable. What an awesome story.

Wys

She’s bomb AF 😍So pretty.

Save time and money,you know about that appointment 9 oclock but your there all day

@@markieshagray8270 pure goals

From what school?

@@Thenevisian wheeler

@@kymberlimoor5274 oh wow, I went to Marietta high. Class of 98 too. Small world

98, Ramapo HS

Does he have a brother 😍

Amen

Regina Johnson intact!!!! 😊💕

Regina Johnson right

Yesssssssss!!

This is what the democrats do want us to be like, instead of begging for affordable housing.

@ Ken The Explorer, Exactly ! I've been asked if my husband sells drugs because I drive a nice car. Dang! It's not possible to actually own a business and legally purchase nice things when you're a person of color. Sickening isn't it?

I believe the issue is your choice of entourage. My boss (the owner of the company I work in) is a black foreign investor in my country (his wife is a local woman). I've studied, worked and saw black PhDs , it would never cross my mind to ask a black dude if he's dealing drugs...

@Lovely Wahu waouh, that's unfortunate... It's difficult to change neighborhoods on a whim so I hope that people stop associating some activities with our skintones.

@jpkp012345 if your entourage question the origin of your wealth then it's even better not to know them.

I am so sorry people ask you this

Me 2!!!

Same here

look for our rich journey. They are a black couple who retired at 39 w/2 girls and now live in Lisbon Portugal. Their channel is incredible. Highly educational. Probably the best I've seen. Their relationship is probably what has made the most impact to me besides the content. Talk about a TEAM!!

Flyzel Washington well spoken, and financially smart.

@@ninobk196 Why not live in Africa countries? Why these rich black people always want to live in around white people and western white countries?? Just curious to know.

The people you’re claiming don’t benefit wouldn’t have benefited with or without the private equity buyout. The business was failing before private equity came in, they just more efficiently manage the end of the companies life. Most likely allowing most companies to work there longer than they would have been able to do before.

You raise a valid point about the struggles businesses face before private equity intervention. However, it's worth noting that while private equity may manage the decline more efficiently, the distribution of wealth heavily favors the general partners. Working with a financial adviser has personally transformed my financial outlook, highlighting the importance of seeking guidance for long-term prosperity.

Will you be one of the mentors and start to teach the community about finances?

@@moniquemonique9467 my life goal... Already started... One of the reason why I want to succeed so bad is because I need to succeed to inspire other to follow in my footsteps... Without success I'll have no credibility when I approach the black community... But for the ones who are willing to learn before I make it there I gve them most of my time to help them out... It's my passion, and a key step in my life purpose...

@@WealthEngineering Exellent watch this video with Dr. Umar kzfaq.info/get/bejne/nLyIopeGrr-xink.html

@@moniquemonique9467 what precisely were you hoping me to get from this video?

@@WealthEngineering did you watch it?

i guess u never been to central europe then.

@Nia C, Right ! I get tired of getting the side eye for driving a high end vehicle and police starring ... OKURR

Exactly, I saw a comment where a black get asked if he's dealing drugs... That question will never be asked in my country to a black person.

I don't feel second place in NY but in Spain I felt that a bit. Only country I've been to where I was treated a certain way.

@@colorfulcodes Spain can be quite challenging... They're usually the first landing for illegal immigrants AND they had a history of North African ( that included black population) + Arab "presence" during centuries.

I couldn't get past his annoying voice to hear he was a chef.

Candis shut up

😅 same here

I will be a multi billionaire soon in pounds, euros ,dollars,yen ...

Absolutely.

The greatest

U said it..I watch someone work and work hard, working double shifts for what!!a car note, a house in the hood to maintain and last week they found her dead in the bed, it appears she was getting ready for her MN job as a CNA at the age of 60...

Wendy Ellis That’s sad.

Yes they dont need to know everything but they need to know something and be willing to learn

You are just talking, there are so many good black men out there but you don't want them, because they do not fit your beauty standards.

Please don't wait until you're married before embarking on your financial goals.

Like attracts like! Why don’t YOU begin educating yourself on all things financial?

@@inmytravelstoday they just may be already since they were here watching the same video that we all did as well but is still hoping for a partner that shares the same values and goals, who won't try to bring them down or stall their progress. That's relatable. Even though like attracts like, so does it attract opposites who want what you have but dont desire to make the sacrifices to help you both maintain it.

They blog @ Rich & Regular

A Black family you can follow who retired at 39 is "Our Rich Journey" they give great direction about retiring early and wealthy. No, I don't know them but I appreciate their real and quality information. Check them out!

@@tondaleyacarter7355 yes I love them... they retired in Lisbon...

They do: kzfaq.info/love/4HUQztCZd9c1q2rB7SmOAQ

Hope You can sign me up.

That's too many mules for 40000 acres

😂😂😂

@@shaheedcassim2752 😂😂😂😂. You get the point but it was still funny.

fair. But remember if everyone bought Nike shares, and not the product, the shares would be worth paper

Stop enriching majority owned white corps , make more nuanced alternatives , YEEZY has done it .

😂😂😂

M Detlef depends on how strong your bond is with your partner. My husband and I are doing this now and it definitely saves money however you sacrifice QT but if the bond is strong your sacrifice is minimal and the children benefit from having their family taking care of them.

& i Will open one. Its expensiveeeeeee asf

Our daycare at one point was more than our mortgage

And they pay next to nothing.

Yes I smiled whiled watching this. A Beautiful happy couple even after paying $5k a month on bills. 💯

@@markieshagray8270 😄😄

He looks like he into guys

@@macavalli2619 Why, because he's a wannabe thug or a gangster?

@@MrJohneblaze822 nah, he just not setting off my brodar

To be fair, on most people's income it would not be possible to save 75%. But totally agree, savings rate is the most important!

Low the expenses and increase the income both are crucial

A secret of the ultra wealthy is to save 99.99% of your income while living beyond your neighbors means so this idea of saving 75-85% is clearly doomed to fail & makes no sense

Hell nah, saving money is the worst thing you can do. Put that money to work, ASAP! Make the money, make the money, that makes the money. Then spend it

@@macavalli2619 the ultra wealthy make WAY more than the average American so they can afford to save 99% of their income.

Out of all of that, all you got was hair. We as a people are doomed.

@@BrothersChambersShow that's quite an assumption.

Seriously? You have got to be joking. You skipped all over the valuable content and found a way to know her hair. Let's look at it another way. I'm sure she has the money to get her hair done with no problem. Conversely you're still waiting on payday.

Jackie Wallace Her hair is "done" and it's beautiful.

BrothersChambersShow sad part is, if her texture had a tighter curl pattern, there wouldve been a ton of comments about how unkempt her hair was. yes, we are well on our way to brokeville - weaves and all!! 🤣

kzfaq.info/get/bejne/oM5pgJR42JPInIE.html

Right first thing I looked for

They also have an Instagram It’s called Richandregular

@@immyownpresident Thanks very much! @Bethany Fracassi I don't get why they couldn't share it either!

@BF that is exactly what i commented on.

Right on

Stop saying you will be a black millionaire, you are just going to be a millionaire. Let’s stop separating ourselves. Success doesn’t have a color! Let’s get it

@@MrDrMeow that's right ..the color is money is GREEN....Black or White ...🌟

@@MrDrMeow 😊

By stating himself as Black, he is referring to his ethnicity, which is something to be proud of and not ashamed of. Do you condemn Jews for saying they are Jewish? What is with your reflexive anti-black aggression? Do you condemn the Mexican-American for saying he is Mexican or the Irish-American for saying he is Irish? If he is a foundational Black American Descendant of Slavery, that means his people were responsible for the building of the US and its economic empire and trillions of dollars in labor and wages were stolen from his community. He should have been born a millionaire at birth considering that Descendants of American Slavery are victims of mass Birthright Theft for which, reparations are long over due!

It is much needed. Especially if we are going to weather the storm of a massive economic downturn. We need more savers if we are going to grow the economy. Its waaaaay to inefficient to keep on the way we are. The planet will thank us.

How do you sign up with Fire

@@PurposetheSaviour it's not a program, its more of a lifestyle, investing enough that you can live off your investments, usually a four percent rule, and minimalism

@classyt20f7 brain wash

@classyt20f7 right

What kind of gym requires $100 a month? I go to Gold's gym for $23 a month.

Why even go to a $100/month gym in the first place? That’s do expensive!

Our gym is $10 per month

taoist40 I think Lifetime fitness is $90 a month

Janine Rudder In NYC, you’re paying at least $80 for a gym with top notch equipment.

I hope PR is treating you right! Te prefieres vivir allí en lugar de EEUU?

Yea, alot of well of Blacks, but none of us out there actually own and cobtrol any resources. ok..

@Wealthy Forex Trader. Fam, The District & Northern, Va. are increasingly being occupied (invaded) by euro-albino transplants & "Mexicanos" (central/south americans). The video didn't cite any sources for their stats. However, I don't have any problem believing that Median Black household wealth is on a projected DECLINE. For ex. I know numerous people who work federal or local government jobs in DC or N. Va., but cannot afford to reside in those jurisdictions.

I lived out there for a few years. I went to a few mansion parties...definitely an amazing experience to see Blacks w/ huge often custom made homes in Maryland 💖

@Heart of Gold. I have a close buddy who resides in MD, but now travels quite frequently. Long-story-short... He is one such person who used to reside in a 8,500+ Sq.Ft. "mansion" property. The monthly mortgage + utilities on the place was WELL over $5,500+ PER MONTH. He used to periodically throw big parties (once-twice per year) & there would literally be 800-900+ people on the property (inside the house + chilling on the grounds). The point of my comment is mainly: I know some people who are living like that (or used to), but the average Black/Brown ADOS citizen in the DMV ain't living like that. (BTW, I'm a university graduate. So my extended circle includes a helluva number of people who minimally hold BA, BS degrees in their field). The avg. Black/Brown ADOS resident is STRUGGLING & literally 2-3 paychecks (or a medical emergency) away from a severe financial crisis. Don't allow bullshyt & propaganda to fool you fam. *My Dude , had to eventually sell that big "mansion" property & downsize because (although he works in the legal field), his income dropped off significantly & he could no longer afford the costs to maintain the mortgage & upkeep on the house. Things ain't always what they seem Fam.'

@@SoundScientist1 two to three paychecks from a severe financial crisis sounds on par with the average American of any color. Maintaining a mansion of that size is often a struggle unless you are very wealthy and have streams of income that are going to continuously come in for years to come

Same!

THIS ❤️

FIRE typically promotes the idea that you should work only if you want to as opposed to because you *have* to. No need to formally retire if you don’t want 😊

@Infinite Awareness Well, you have to start somewhere. Becoming any type of "aire" is far from a trivial task.

Exactly! Wealth is love and family first. True wealth.

@Infinite Awareness Wow! Aren't you positive.

@@BruceBigby Amen!

Just say "black people" cause that's what you truly mean. "People of color" encompasses other races that aren't Caucasian but that don't actually espouse the characteristics you are critiquing (black Americans for).

Please come again

Welcome back to the continent

Yall see a little part of S Africa and really think that's what it is lol. South Africa has a lot of entitled whites and even mixed that would change your mind about the whole belong feeling thingy, but it's a good thing that you didn't experience none of that while there. might of left a bad taste in your mouth but trust me racism lives there too.

@@ybe87 I guess we can say the same about America or any other country. Your experience is your reality until you experience something different. That doesn't mean poverity or racism doesn't exist...we donated food supplies to a school and food to a food bank. But I guess you will see the glass as half empty as I will continue to see it as half full. The world is your oyster...that doesn't mean you can't support other countries...we know injustices exists but we can all do our part by sowing seeds of love, money, and donations to poverty stricken areas to make the locals lives a little better as they endure day after day. Just my 2 cents!

@@ybe87 By the way, we noticef who lives in the beach front homes, drives the high end cars...they took AmeriKKKa's playbook and applied it in S Africa. You can only mention so many things in a post. Lets get educated and teach our kids to get their degrees!

Race does matter for this specific video because they are talking about the unique experiences of Black wealth and the Black experience. Please don't erase that ;)

run a Monte Carlo analysis a 4% rule may be too high and leave you running out of money in old age... can you make a 3.2% withdrawal rate work

Good luck. Please reach me

K S I don’t play on stop working later, just want the option but still a good idea.

I’m even learning a new language for when I’m ready I know exactly where I’d like to spend some time

Yeah I noticed that too and I like that.

Black people have experienced real historical and contemporary racial discrimination, which has vastly impacted the amount of wealth Black families have been able to amass. While, I completely understand the premise of what you are saying, I do think we must be real about the experiences Blacks have had in the US that negatively effect their net worth. And that’s not about being a victim, it’s a reality rooted in data and facts. I support the FIRE movement, I’m a part of the movement and plan to retire early. However, I also understand that most Black families have very little to save, because their incomes are low and they do not have any wealth passed down to them from parents and grandparents. The FIRE movement is most helpful for middle class and up Black singles or families because they have additional income to meet their needs (a few wants), create an emergency fund, and then invest the rest.

Exactly!

@@brics6873 you better educate them !!

@Infinite Awareness Only 5 black billionaires?? Where did you get that from? There are at least 7, most likely more if you look it up.

@@Simone-es2qs It's not as if systemic racism or its affects are going to disappear overnight. Blacks experience poverty and unemployment at twice the rate of Whites. Also note that Blacks make less on average than their White counterparts of similar experience and training. In the develpong global economy where wealth is more and more concentrated in the hands of a few, where education and training are increasingly difficult/too expensive for poor and middle incomes to attain, climbing the wealth ladder is getting harder for those who start with little. That said, sharing these principles with people at a young age, showing them examples of successful FIRE proponents? It will defenitely change lives!

I love your explanation. Minimalist here...it’s saves you a ton of cash, and work, mentally and physically

@@sincerelysandi We are on the same page.

Earthwealth Energy Mobile amen

Earthwealth Energy Mobile ownership allows you to build a legacy example, owning your home which you can rent out while traveling, have a home base should you have a family and have something to pass on to your kids or be a source of income for them.

What about the future of your children? They would need money to go to school and so one. You can save being minimalist. And free as well. Once you ve finised paying you re debt you can really be free finacially no worries for you re retirement and for you re childrens future

dopiest or dopest? hihi

@@Lucas-yy3dh lol, thanks for catching that. My spelling is garbage.

This is most likely an infomercial for a new age pyramid scheme like Bitcoin and they don't actually have a blog

.

Actually , listen at 3:17 he says they lost the vlog in 2017

Rufaro Kanyongo launched not lost the blog. 3:17 listen again

@@kl163g Yes it does say launched, I heard it wrong

FIRE does not mean you stop spending. It just means you spend wisely and on things that provide a benefit to your life. I have found that the people who seek FIRE do so for the independence to WORK on what they desire. They dont just retire to a beach somewhere.

Yes. Someone will be spending money. That’s what all economies calculate. No one said this was an expression of minimalism

People don’t forget. We just don’t care, what other people do with their money is their choice. I’m making money through investing and watching my expenses, that’s what I know. Besides that, companies will always grow, even with FIRE. Cause I still spend money just not above my means.

Nah, economies with high savings rates are just more stable and rigid. Less opportunity to make money off people's desperation, but more opportunities for higher end and more sophisticated businesses.

The majority of my coworkers eat out.

Far from the norm in the US

Used to be. I had brown bag lunches all the way through school until I graduated college. The next 23 years I ate out minimally.

In America we like to eat lunch out😂😂 I always get enough to split for lunch and dinner

We mostly eat out In Merucia @Dani Peeters

Plus it's much harder to stay motivated by yourself. With two people, the chances that at least one of you is motivated at any given time is much higher.

Assuming nothing comes up like emergencies or family needing help...which it will. It's a nice thought to retire early but you really need a lot more than minimum

Actually, I feel like if I was single, I would've invested a lot more. It's just that my partner cannot tolerate risk, so I have to let it go. I guess the grass is always greener on the other side. lol

Duel income is nice but you both have to be equally minded on the goal, if not it feels like dead weight trying to get ahead. Set yourself up for a prosperous future so that when you do find that equally minded partner you can come together already ahead of the game.

I agree with some of the other replies. Single people have huge advantages on the path to FI as well!

jerald meow yeah but have to make sacrifices. Buying Rolex and Lamborghini’s are stupid decisions only the stupid rich can afford. To do that you need a start a business. Most people realistically will never be a able to generate a business that can afford them fancy things without going into debt. I like this movement because it allows for financial freedom grounded in reality.

Frugal doesn't have to suck. Just budget for what you want to do. We are a well off African America couple, my wife and I. We use a program called (YNAB). It stands for --YOU NEED A BUDGET. We get what we want without being in debt. Some people think frugal means beans and rice. LOL!!!! That's a myth within itself. We vacation two or three times a year and never have to charge one dime. You have to step outside the norm and start to create financial plans that will work for yourself.

Does he work? Because he said he used to be a chef

@@bobbiking2123 idk

@@humanityincvideos5114 It seems like she is the steady paycheck and he is just around. I think they would reach their financial goals quicker if he had a paying job as well. Just a thought 🤔

whats the name of their blog? thanks..

Rich and Regular

It's $2,200 a month where I am and there is a waiting list to get in. I was so glad when my kid started school. An extra $2,000 in our pocket every month!

That's not true.

How do you get starting with the FIRE MOVEMENT an how much does it cost to begin

My siblings were born in zambia , ndola, kabwe , lusaka. I have an aunt in livingstone. Good luck to u

miss mash thank you very much we need to make Zambia great and get some financial independence

😊I'm from south Africa, is Zambia nice to retire to

Shaheed Cassim yes it’s a nice place to retire in cause it’s safe and the economy is good

Bianca Johnson the RE part is optional. Is having the choice to retire if you want to because you are financially independent.