New video by Our Rich Journey on YouTube
How We Saved 70% of Our Income When Life Was Expensive
▸▸▸Enroll in our 365 Days to FIRE Program: https://ift.tt/OoZwJBt Saving money feels impossible when the cost of living is out of control — but we saved 70 percent of our income on our journey to financial independence and early retirement. In this video, we break down exactly how we did it (without suffering) and how you can start increasing your savings rate one step at a time. You’ll learn: • How to calculate your real savings rate • Why most people think they “can’t save” • The 3 biggest expenses that eat your income • How we lived rent and mortgage free for years • How meal planning and used cars saved us thousands • How to beat inflation by out-investing it • Why budgeting is the fastest way to find hidden money • Our strategy of getting just 1 percent better each month • The mindset shift that helped us reach FIRE faster • The real secret that took our savings rate from 12 percent to 70 percent If you want to build a strong savings system, increase your financial confidence, and move closer to FIRE, this video will help you get started. 🔗 Learn more about the 365 Days to FIRE Program: https://ift.tt/OoZwJBt ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: https://ift.tt/7GIplQR Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)! ▸▸▸Enroll in our FIRE Master Class: https://ift.tt/vbSRIfl This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE! ▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: https://ift.tt/y1sv0LH This course is designed for people interested in moving to Portugal. In the course, we explain the visa process, the documents you need to submit for your application, and the step-by-step process that we took to obtain our visas; we explain the residency permit process and how we obtained our residence permit here in Portugal; we explain the process for buying and renting a house in Portugal; we discuss healthcare, school options, and setting up NIFs, we explain taxes here in Portugal, and MORE! Books that have helped us on our Financial Independence Journey ----- The Bogleheads' Guide to Investing: https://amzn.to/2UjEc4j The Intelligent Investor: https://amzn.to/2MKGokh A Random Walk Down Wall Street: https://amzn.to/2zIVI8p The Book on Rental Property Investing: https://amzn.to/2UkwgQ6 Building Wealth One House at a Time: https://amzn.to/2ZJQuDW Rich Dad Poor Dad: https://amzn.to/2ZD29IK ▸▸▸Follow us on Instagram: https://ift.tt/8x3rOhq 00:00 – Why saving feels impossible 00:15 – How we saved 70 percent 01:19 – How to increase your savings rate 03:23 – How to cut housing, cars, food expenses 07:42 - How to budget to save 09:42 – The mindset that changes everything 12:25 – The real secret to hitting 70 percent ▸▸▸PLEASE SUBSCRIBE: If you like our video, please make sure to "like" the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey! DISCLAIMER: We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research! AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions. #FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly
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▸▸▸Enroll in our 365 Days to FIRE Program: https://ift.tt/OoZwJBt Saving money feels impossible when the cost of living is out of control — but we saved 70 percent of our income on our journey to financial independence and early retirement. In this video, we break down exactly how we did it (without suffering) and how you can start increasing your savings rate one step at a time. You’ll learn: • How to calculate your real savings rate • Why most people think they “can’t save” • The 3 biggest expenses that eat your income • How we lived rent and mortgage free for years • How meal planning and used cars saved us thousands • How to beat inflation by out-investing it • Why budgeting is the fastest way to find hidden money • Our strategy of getting just 1 percent better each month • The mindset shift that helped us reach FIRE faster • The real secret that took our savings rate from 12 percent to 70 percent If you want to build a strong savings system, increase your financial confidence, and move closer to FIRE, this video will help you get started. 🔗 Learn more about the 365 Days to FIRE Program: https://ift.tt/OoZwJBt ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: https://ift.tt/7GIplQR Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)! ▸▸▸Enroll in our FIRE Master Class: https://ift.tt/vbSRIfl This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE! ▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: https://ift.tt/y1sv0LH This course is designed for people interested in moving to Portugal. In the course, we explain the visa process, the documents you need to submit for your application, and the step-by-step process that we took to obtain our visas; we explain the residency permit process and how we obtained our residence permit here in Portugal; we explain the process for buying and renting a house in Portugal; we discuss healthcare, school options, and setting up NIFs, we explain taxes here in Portugal, and MORE! Books that have helped us on our Financial Independence Journey ----- The Bogleheads' Guide to Investing: https://amzn.to/2UjEc4j The Intelligent Investor: https://amzn.to/2MKGokh A Random Walk Down Wall Street: https://amzn.to/2zIVI8p The Book on Rental Property Investing: https://amzn.to/2UkwgQ6 Building Wealth One House at a Time: https://amzn.to/2ZJQuDW Rich Dad Poor Dad: https://amzn.to/2ZD29IK ▸▸▸Follow us on Instagram: https://ift.tt/8x3rOhq 00:00 – Why saving feels impossible 00:15 – How we saved 70 percent 01:19 – How to increase your savings rate 03:23 – How to cut housing, cars, food expenses 07:42 - How to budget to save 09:42 – The mindset that changes everything 12:25 – The real secret to hitting 70 percent ▸▸▸PLEASE SUBSCRIBE: If you like our video, please make sure to "like" the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey! DISCLAIMER: We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research! AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions. #FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly
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