New video by Our Rich Journey on YouTube
The 4 Investment Rules That Made Us Millionaires
How do you know if an investment is actually a good investment for you? Before we invest our money, there are four important questions we need to be able to answer. These questions have helped shape the way we've built and managed our investment portfolio on our journey to becoming millionaires and reaching financial independence. In this video, we're breaking down the four questions we use to stress test an investment before putting our money into it. We cover everything from understanding what actually makes an investment valuable to knowing how we'd react if it dropped 50%, when we would sell, and the specific role it needs to play in our overall portfolio. Whether you're considering an index fund, individual stock, ETF, REIT, or something else entirely, these four questions can help you think more intentionally about where you're putting your money. FREE 7-Day Financial Reset: https://ift.tt/SWvt9oG For seven days, you'll take one simple action each day to get a clearer picture of your finances, put more of your money on autopilot, choose your financial focus, and create a 90-day plan for what to do next. CHAPTERS: 00:00 How Do You Know If It’s a Good Investment? 01:12 Question #1: What Makes This Investment Valuable? 02:45 Question #2: What If It Dropped 50% Tomorrow? 04:33 FREE 7-Day Financial Reset 05:12 Question #3: What Would Make You Sell? 06:08 Question #4: What Role Does It Play in Your Portfolio? ▸▸▸Enroll in our 365 Days to FIRE Program: https://ift.tt/Q8sVqoB Our 365 Days to FIRE Program is your step-by-step guide to achieving financial independence and retiring early. Over the course of the program, you’ll learn how to build your FIRE plan, optimize your savings rate, invest in the stock market for long-term growth, and create multiple income streams. Plus, you’ll get tickets to attend our in-person meetups and 2-Day Conference in Portugal. Join us today! https://ift.tt/Q8sVqoB ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: https://ift.tt/9SGaepz 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/3xwphlz 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! ▸▸▸Follow us on Instagram: https://ift.tt/zEQeyw9 ▸▸▸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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How do you know if an investment is actually a good investment for you? Before we invest our money, there are four important questions we need to be able to answer. These questions have helped shape the way we've built and managed our investment portfolio on our journey to becoming millionaires and reaching financial independence. In this video, we're breaking down the four questions we use to stress test an investment before putting our money into it. We cover everything from understanding what actually makes an investment valuable to knowing how we'd react if it dropped 50%, when we would sell, and the specific role it needs to play in our overall portfolio. Whether you're considering an index fund, individual stock, ETF, REIT, or something else entirely, these four questions can help you think more intentionally about where you're putting your money. FREE 7-Day Financial Reset: https://ift.tt/SWvt9oG For seven days, you'll take one simple action each day to get a clearer picture of your finances, put more of your money on autopilot, choose your financial focus, and create a 90-day plan for what to do next. CHAPTERS: 00:00 How Do You Know If It’s a Good Investment? 01:12 Question #1: What Makes This Investment Valuable? 02:45 Question #2: What If It Dropped 50% Tomorrow? 04:33 FREE 7-Day Financial Reset 05:12 Question #3: What Would Make You Sell? 06:08 Question #4: What Role Does It Play in Your Portfolio? ▸▸▸Enroll in our 365 Days to FIRE Program: https://ift.tt/Q8sVqoB Our 365 Days to FIRE Program is your step-by-step guide to achieving financial independence and retiring early. Over the course of the program, you’ll learn how to build your FIRE plan, optimize your savings rate, invest in the stock market for long-term growth, and create multiple income streams. Plus, you’ll get tickets to attend our in-person meetups and 2-Day Conference in Portugal. Join us today! https://ift.tt/Q8sVqoB ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: https://ift.tt/9SGaepz 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/3xwphlz 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! ▸▸▸Follow us on Instagram: https://ift.tt/zEQeyw9 ▸▸▸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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