My Plan To Achieve Financial Independence🦅

Рет қаралды 4,800

Күн бұрын

Hi friends! In today's video, I go over my plan to achieve financial independence (and maybe retire early?)!
👩🏻‍💻 About Me
I’m a 20-year-old senior year nursing student living at home while working part time. I’m currently focused on investing and saving as much as I possibly can while living a "rich life."
✨ Things I Love to Use
💜 Rakuten
* Get coupons & cash back on major online retailers
* Referral link: www.rakuten.com/r/MIAPES3
🧡 Capital One Savor One
* Unlimited 3% cash back on dining, entertainment, popular streaming services, & groceries
* $200 cash bonus after spending $500 in the first 3 months of owning
* Referral link: i.capitalone.com/JqcxdHnxx
💙 Chase Total Checking & Savings
* $300 sign-up bonus with qualifying direct deposits
* Referral link: accounts.chase.com/raf/share/...
🧡 Capital One Savor One
* Unlimited 3% cash back on dining, entertainment, popular streaming services, & groceries
* $200 cash bonus after spending $500 in the first 3 months of owning
* Referral link: i.capitalone.com/JqcxdHnxx
💙 Chase Total Checking & Savings
* $300 sign-up bonus with qualifying direct deposits
* Referral link: accounts.chase.com/raf/share/...
☕️ Buy Me A Coffee
Consider supporting my financial and KZfaq journey with my link down below!
buymeacoffee.com/scrubsandsav...
📖 Chapters
Intro: 0:00
What Is It?: 0:07
Why?: 0:18
Preface: 0:50
Step 1: 1:03
Step 2: 1:38
Step 3: 2:19
Step 4: 2:52
Step 5: 4:12
Step 6: 5:35
Thank you all!: 7:03
Outro: 7:16
🚨 Disclaimer: I am not a financial expert and this video is for entertainment purposes only!

Пікірлер: 60

@ScrubsandSavings21 14 күн бұрын

Hi friends! I (again) apologize for the background noise in this video, that won't be a problem in the near(ish) future. What are your guys' thoughts on having captions in the video (do you prefer it or would you rather have it as an option)? Let me know :)

@kdugas 14 күн бұрын

I’m a fan of the captions! I’m someone who prefers them on all my media - but hate the KZfaq auto-captions

@ScrubsandSavings21 14 күн бұрын

@kdugas Thank you for your feedback! I really appreciate it :)

@connorrosberg651 13 күн бұрын

As a option

@livelife7440 10 күн бұрын

I plan on reaching coast fire within the next 11 years. I basically restarted my financial journey and left my 20s with a negative net worth due to a failed relationship. Within the last 26 months I have hit a six figure net worth and will hopefully be able to aggressively save and reach seven figures before I leave my 30s. Once I hit my number I plan on switching to a less stressful job, maybe teaching overseas for a work visa to travel, while living on a pension and allowing my investments to compound. I have a hairbrain idea of buying a sailboat one days and traveling around the world but I'm probably to frugal for it. Goodluck on your journey!

@ScrubsandSavings21 10 күн бұрын

Good luck on yours as well☺️

@TheJonathanRamirez 2 күн бұрын

Good luck Mia! I'm currently switching from accountant to real estate agent soon. I've already reached 6 figure net worth, but now I'm trying to reach 7 figures. I wish you the best in everything!

@ScrubsandSavings21 2 күн бұрын

Best of luck to you!!!

@irisymontalvo 14 күн бұрын

Go for it girl! Great job so far. Keep going. Your goals are waiting for you.

@ScrubsandSavings21 14 күн бұрын

Thank you so much!!

@jackstar254 14 күн бұрын

I'm retiring from the traditional 40-hour work week for sure when I turn 40. 30-35 hours to maintain benefits and enjoying my 3-4 day week to my 70's.

@ScrubsandSavings21 13 күн бұрын

I’m glad that you have a plan!

@themichaelw 14 күн бұрын

You do a good job at this already, but don't be afraid to jump on spontaneous travel while you're young. I saw cheap flights to Paris for $260 round trip in March and snatched them up. It was such a wonderful experience that was worth 10x what I spent on the trip. You're only young once.

@ScrubsandSavings21 14 күн бұрын

Don’t worry about that! I’m planning on traveling as much as I can when I’m young & don’t have kids :)

@Jayr1433 11 күн бұрын

Amen 💯

@Nonya969 14 күн бұрын

Best of luck on this! I think it’s a tall order, but depending on your field in nursing it could happen. I just wouldn’t beat yourself up if it doesn’t happen as quickly as you’d like it too

@ScrubsandSavings21 14 күн бұрын

I know! I’m actually in no rush. I plan on working part time even after I achieve financial independence :)

@Niensbudget 14 күн бұрын

Hi! ❤ Great plan! You can totally do it. 😊

@ScrubsandSavings21 14 күн бұрын

Thank you so much☺️

@HotelCharlieYouTube 14 күн бұрын

You have a great head start. I'm turning 35 this year before I knew about financial independence. I should've started investing a lot earlier. Now I have a lot of catching up to do. You have a lot of potential, good career choice too. Good luck on your journey. I wish you the best.

@ScrubsandSavings21 14 күн бұрын

Best of luck to you!

@zo_471 14 күн бұрын

Good for you! I hope you achieve your dreams

@ScrubsandSavings21 14 күн бұрын

Thank you☺️☺️☺️

@yunuskasim6244 12 күн бұрын

well done. You got this mate!

@ScrubsandSavings21 12 күн бұрын

Thanks, you too!

@sabahatnaheed1435 14 күн бұрын

this is an awesome plan! you go girl! :)

@ScrubsandSavings21 14 күн бұрын

Thank you😊

@wildfoodietours 13 күн бұрын

You have time on your side, big congrats!

@ScrubsandSavings21 13 күн бұрын

Yes! Thank you!

@wildfoodietours 12 күн бұрын

@@ScrubsandSavings21 Make it rain lol.

@Dividend-Shark90 10 күн бұрын

On step 5, just for thought. You could purchase a duplex, or even a triplex and you could probably end up living for free by renting the other unit out which is what I decided to do for first house and it worked out really well!

@ScrubsandSavings21 10 күн бұрын

I’ve thought of doing that for a first home! Unfortunately, though, there aren’t many duplexes or triplexes in my area :/

@YumDex 14 күн бұрын

I live with my parents still, I’ve maxed out my Roth these past 2 years and I am building a solid dividend portfolio. I am not contributing to a 401k due to the scare of it not catching up to inflation, but I am investing in my brokerage. I do use credit cards since they are ways for me to enhance my life, in this situation, the gold and platinum. And having the Charles Schwab platinum, my points pool together to redeem as cash straight into my brokerage. I have family as authorized users, I rarely spend and they do it all for me. I love the platinum perks with hotels and priority pass when I do travel.

@YumDex 14 күн бұрын

Next step is to open an HSA if possible…

@ScrubsandSavings21 14 күн бұрын

I love that your set up works for you. Does your employer contribute to your 401k if you contribute?

@YumDex 14 күн бұрын

@@ScrubsandSavings21 yes, they do match. Do keep in mind I refrain from it because of the fear of my money not catching up to inflation. Even if it’s tax free, I’ll enjoy my dividend portfolio. I won’t jump into something I’m not sure will have a good outcome whereas index funds and dividends are very safe due to past history proving they are.

@ScrubsandSavings21 14 күн бұрын

@@YumDex I see what you mean. Good luck on your journey!!

@sethfancher2146 14 күн бұрын

@YumDex You do realize that you can invest in index funds within a 401k, right...? It'd be the same as your taxable brokerage, but growing tax-free.

@compoundingloonies 14 күн бұрын

subscribed! i like organic small channels like this!

@ScrubsandSavings21 14 күн бұрын

Thank you💖☺️

@BaltzerBoy 14 күн бұрын

Just subscribed! Good luck Mia 🫡

@ScrubsandSavings21 14 күн бұрын

Thanks for subbing!

@connorrosberg651 13 күн бұрын

Great vid!

@ScrubsandSavings21 13 күн бұрын

Thank you!!

@adams5773 14 күн бұрын

It sounds like you have a pretty solid plan. If you are looking for a sneaky bonus retirement account, you can look into an HSA. They aren't just for medical expenses. There are several benefits to them from a tax and medical expense perspective. but the thing I am most interested in, is after age 65 you can withdraw money from it for any reason and only be taxed at ordinary income tax. No penalty.

@ScrubsandSavings21 14 күн бұрын

I completely forgot to include using an HSA as a retirement account instead of a transaction account. Thank you for your comment :)

@businessbycharity 12 күн бұрын

This is a beautiful video subscribed

@ScrubsandSavings21 10 күн бұрын

Thanks for subbing!

@luapnomis21 12 күн бұрын

Once Upon A ⌚ Time ⌚

@kylecorreajr.9791 14 күн бұрын

Cool

@ScrubsandSavings21 14 күн бұрын

Cool😎

@nataliajasinska2000 13 күн бұрын

I hope you can achieve your goal of financial independence! I am focusing on investing for retirement and saving for my true expenses.

@ScrubsandSavings21 13 күн бұрын

Good luck on your journey!

@thebookishbard1051 14 күн бұрын

If you do a 15 year mortgage and don’t refi your house would be paid off.

@ScrubsandSavings21 14 күн бұрын

I’m planning on doing a 30 year mortgage :)

@ElliottPiano 14 күн бұрын

So your plan is not to create any wealth for the world or your community from 35 to lets say 80 ? 😂😂 Wow damn what a wonderful plan 🎉

@ScrubsandSavings21 14 күн бұрын

Nope! I hope to contribute my income & time to my community now and for the rest of my life. I appreciate your concern for the well-being society though😊

@ElliottPiano 14 күн бұрын

@@ScrubsandSavings21 By retiring at 35 ? ahahahhaa

@ScrubsandSavings21 14 күн бұрын

I’m in no rush to retire actually! It was just for the thumbnail. I plan on working part time as a nurse after I become financially independent.