This family bought a house in cash during the pandemic

This family bought a house in cash during the pandemic | FIRE Starters: MarketWatch

Рет қаралды 92,102

Күн бұрын

For early retiree Jillian Johnsrud of Montana, the pandemic has been a time to spend more money and make strategic changes to her FIRE family's portfolio.
See our first video with Jillian and her family here: • These early retirees p...
See this video on MarketWatch: on.mktw.net/3yxURat
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Пікірлер: 71

@nwachukwuchionyere 13 күн бұрын

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

@NancyBetty-x 13 күн бұрын

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

@nwachukwuchionyere 13 күн бұрын

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

@NancyBetty-x 13 күн бұрын

@@nwachukwuchionyere My advisor is Victoria Carmen Santaella

@NancyBetty-x 13 күн бұрын

You can look her up online

@christianalawal3695 13 күн бұрын

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

@tahirisaid2693 Ай бұрын

Just watching this episode of "Fire Starter" on Market Watch, and it was incredibly insightful! The concept of early retirement is not just appealing but also crucial in today's fast-paced world. Watching this show has reinforced the importance of financial independence and strategic planning for retirement. Truly inspiring content!

@Baptpich 3 жыл бұрын

It's funny that by just asking yourselves the right questions, you can drastically change your life for the better overnight

@ivzg3576 3 жыл бұрын

I can listen to her talk all-day

@yvetteholdsworth340 3 жыл бұрын

Me too! Gorgeous voice.

@gailmariage5318 3 жыл бұрын

Me, too. She could read books online.

@MS-gl5mg 3 жыл бұрын

subscribe to her podcast)

@ohdevinoh 3 жыл бұрын

me too . her voice has the same soothing quality as Liv Tyler

@ivzg3576 3 жыл бұрын

@@MS-gl5mg what's her podcast?

@idarabassey7455 3 жыл бұрын

"Pain can be a great catalyst for change..." #nailedit

@MyLifeThai371 Жыл бұрын

It's the only way we learn.

@hsingholee1058 3 жыл бұрын

She looks great after 5 kids

@ariefraiser140 3 жыл бұрын

In the middle of the market drop earlier this year due to the pandemic a number of articles were written about FIRE being risky and possibility that those that FIREd may have to go back to work etc. Which all seemed so strange to me because most people who FIREd have no debt at all not even a mortgage, have multiple years cash reserves and generally have hundreds of thousands if not millions in investments whether it's stocks or real estate. In short most have enough assets to ride out a down market for months if not years. And if additional income is needed most have enough cash reserves to take their time looking for a job. Now juxtapose this with a family living check to check or even a family with a decent 3-6 months expenses saved but nowhere near FIRE and suddenly no job. There's still the mortgage and all types of ther expenses left but no money coming in and either no savings or 3-6 months worth. Which situation sounds more dire to you?

@ryanmiller4860 3 жыл бұрын

“You don’t really lose money unless you sell” BARS!

@forzared101 3 жыл бұрын

Say it louder for the people in the back.

@BrendanEvan 3 жыл бұрын

Pandemic is pushing me to work more towards financial independence also! Investing early and often plus making extra mortgage payments!

@darrisnelson5223 3 жыл бұрын

When I see numbers I rarely see health care listed ... or any kind of insurance. Those expenses can be a big chunk of income. What does a family of 7 spend in health care and are they insured?

@WINWITHunWIN 3 жыл бұрын

My husband just retired, and his retirement covers our family of 6. $450 is deducted from his retirement check to cover our 4 kids with the better health insurance plans.

@haydenr2229 3 жыл бұрын

Typically insurance or health care costs are quite low for young families, these expenses pick up quite a bit the closer to ('normal') retirement age you get. Its likely they either don't have any or they live in a state with sufficient basic coverage + access.

@joseperez2003 3 жыл бұрын

The husband has benefits through the military....it seems he is retired and he is getting a pension

@shanwilson3682 3 жыл бұрын

Jillian has mentioned in the past those Bill's they pay yearly and its heavily discounted through her husband's past career

@mgaraujo1220 2 жыл бұрын

Join a union you get free health insurance

@FehadBilgramiChannel1 3 жыл бұрын

Great update on what a practical fire family looks like

@marcahara4999 3 жыл бұрын

Love the vibe of this video. Thank you and good luck!

@joydietzel7739 3 жыл бұрын

Campers are in high demand right now. Lots of people are camping since they can’t do other things.

@nigelphillip2715 2 жыл бұрын

Wow...inspirational Lady and family!

@dennisnoone7427 3 жыл бұрын

Rv sales were crazy high when korona hit, everyone wanted to get away from big cities

@MyJourney2FI 2 жыл бұрын

great to see people able to make it to the financial independence 👍

@jensallis2 3 жыл бұрын

Great video! An idea perhaps... instead of 'the bill of goods I've been sold is no longer what i want', use 'the bill of goods I've been buying is no longer what I want'.

@jslim8639 3 жыл бұрын

Whats her podcast? She will have 1 more follower

@jamilynn322 3 жыл бұрын

"Everyday Courage" - it's part of the podcasts offered by Choose FI.

@blackbeltfinance4026 3 жыл бұрын

Everyone starts out as a white belt in karate 🥋 Up to you if you wanna level up to black belt 🏆

@janefromthecountry1820 3 жыл бұрын

Military pension is huge here! How many years to get one for young folks?👌🤗.

@MrWdwheeler 2 жыл бұрын

Could someone clarify a few things for me: 1) at ~$3000 a month with 5 kids are they eligible for government assistance (ie food stamps?) 2) they are not contributing to anything like an education/college fund for their kids correct?

@omichaelnato5388 3 жыл бұрын

All I picture is a kid breaking something And the wife being like “honey! That’s above our margin!”

@luther7541 3 жыл бұрын

Does she have a vlog or podcast? I like her voice

@shanwilson3682 3 жыл бұрын

Yep Montana money adventures, and a blog

@stevethomas74 3 жыл бұрын

I'm a FIREstarter, twisted FIREstarter

@chanj2109 3 жыл бұрын

How does moving to their rental unit help them avoid capital gains tax when they sell?

@jordanmcconnell3409 3 жыл бұрын

They'll likely use the primary residence exclusion from staying there for a couple years

@omichaelnato5388 3 жыл бұрын

So if it was a rental, appreciating from the renovations, you would pay 15% on that gain in value. Primary residence as said, for 2 years, no capital gains tax. Probably won’t be much but probably a few thousand

@jmlinden7 2 жыл бұрын

If you live in a property for 2 out of the last 5 years, you can avoid some capital gains tax

@kristineb.1458 2 жыл бұрын

Hi im A Filipino Ofw here in HONGKONG please tell me how to be part of this program FIRE i want to be FINANCIALLY INDEPENDENT THANK YOU ❤️

@shelleystarr1680 3 жыл бұрын

Did you retire with less than a million? What do you do for health insurance.

@steve99912 2 жыл бұрын

The first 30 seconds were great. Following the rules sometimes does not work.

@walkerb1734 3 жыл бұрын

No, people didn’t follow the “rules”. They led a life of instant gratification of immediate consumption. On the other hand, YOU have followed the rules and are now in a great place. Congratulations!