Timothy Sumer

$20,000 in METAVERSE & CRYPTO | Our "OTHER" Investments | New Ways To Make MONEY | Retiring in 2027 Today I will share some of the unpopular ways we invest! It's not a Roth IRA or Apple stock but some of the other ways you can invest and make money over time! Enjoy! Video Time Stamps: 00:00 - Intro 02:07 - Investing Workbook Sale - 02:28 - Investing in the HSA 07:30 - Investing in Cryptocurrency 09:47 - Investing in NFTs 10:48 - Investing in the Metaverse 13:20 - Investing in Gold/Silver 14:34 - Investing in Sep IRA OR Solo 401k 17:36 - Why we invest in each of these accounts/types 18:23 - Outro ~ Links to video I mentioned: Crypto 101 - How we bought our NFTs - H.S.A. 101 - Our F.I.R.E. Journey - *April Investing Challenge, Services & Products - www.mt1finance.com 👉 Get your Digital Investing Workbook here - www.mt1finance.com 👉Need one on one help in a private space? Book a session here - 👉Patreon Link - **Get your 2022 Investing Challen

***Lively has started charging $24 or forces you to hold a minimum of $3,000 in their HSA. Due to this change, I do NOT recommend them any longer. Please do not use this company. A Fidelity HSA is currently free at this time*** In this video, I'll go through the 6 HSA mistakes to avoid. An HSA (Health Savings Account) is one of the best investment accounts available to someone pursuing Financial Independence or Early Retirement. Although the name has "health savings" in it you should treat it like a "health investment" account to get the full benefits they offer. Someone who isn't pursuing FIRE can still take advantage of the benefits as well. When you use an HSA account you get access to triple tax savings. Not only do you avoid paying taxes when the money goes into the account, but you also skip out on paying taxes on the growth of your investments and when money is withdrawn from the account. The fact that you're able to invest money wit

Join me in this video as I share my spending, saving, and income for March. I'm an art director working in tech on FI/RE and striving to retire early! Let's analyze my March money as I work towards financial independence and early retirement. MENTIONS Flyp - free Poshmark reselling app: Wealthfront (4.8% APY at time of publishing!) high-interest account: My link is expired, if you have one, leave a referral link in the comments! My money spreadsheet: 💰 Money Accounts I Use • Wealthfront for roboadvisor + high-interest checking account: PLEASE SHARE YOUR LINKS! • Track Net Worth - Personal Capital: • Individual Stocks - Public: • Coinbase for investing in cryptocurrency: • Schwab for taxable brokerage + IRAs • Ally Bank for High Yield Savings Account • Learn to Invest - Personal Finance Club's Courses: 📚 Fave FIRE Resources • Rich Dad Poor Dad: • I Will Teach You To Be Rich: • The Simple Path To Wealth: • Quit Like A Millionaire: • Mr. Money Mustache

-In this video I discuss the different types of IRAs (individual retirement arrangements / individual retirement accounts) available as defined by the IRS. There are a few key differences between these accounts, particularly as they relate to tax deductions and withdrawal restrictions over time. 🐽 LIKE & SUBSCRIBE for more related frugality & finance content 📱 insta @frugalityandfinance 🕰 tiktok @frugalityandfinance 🥟 buy me a boba - buymeacoffee.com/siuyee Earn $200 when you refi with Earnest - 👀 WATCH: Latest Debt & NW Update - Latest Budget With Me - Financial Freedom Template - $146,000 in Debt - Monthly Net Worth Tracker - 🎧 MUSIC: Song: LiQWYD - Call Me Music provided by Vlog No Copyright Music. Creative Commons - Attribution 3.0 Unported Video Link: Song: LiQWYD - Vacation (Vlog No Copyright Music) Music provided by Vlog No Copyright Music. Video Link: Song: LiQWYD - Flow (Vlog No Copyright Music) Music provided by Vlog No Copyrig

An HSA in early retirement can be one of the most impactful financial tools available if you are looking to achieve Financial Independence, Retire Early. The triple tax savings provides flexibility for those looking to retire early. Additionally, an HSA allows you to invest in dividend growth ETFs like SCHD and DGRO or something as simple as the total US stock market with VTI. In this video, I go into detail on how we plan to use an HSA in early retirement. 1) What is an HSA 3:18 2) Tax benefits 11:57 3) Investing with an HSA while working towards early retirement 13:40 4) How to use an HSA in early retirement 18:17 ▸ Try M1 Finance: ▸ Seeking Alpha Premium (get 58% off): ▸ Net Worth Tracker (Personal Capital): How to transfer to M1 Finance: My dividend growth portfolio: How to pay ZERO taxes on JEPI or SCHD dividends: How to invest with a Roth IRA for the long-term: 5 things you probably didn't know about a ROTH IRA: Dividend ETF Portfolio: How to invest

The contribution limit for TSP in 2023 is $22,500 or $30,000 for 50 or older. My TSP strategy is to max out my contribution every year. How long do you think it'll take to reach 7 figures if I max out my contribution every year? 🤳 Social Media🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 What’s on my bookshelf? 📖 ➡️ 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - HSA vs FSA - Is Cash King or Trash? - Tax-Free Dividend Income - Pay 0% Capital Gains Taxes - For sponsorships and business inquiries, please contact media@firepsychat.com. ⏰ Table of Contents ⏰ 0:00 TSP Allocation Strategy 6:58 TSP Investment Strateg

In this video I go over my plan to access retirement accounts early in FIRE. The plan to access these accounts tax free and also pay no penalty. The trick is to have a low ordinary income (earned) income. If you're single, you want to keep your ordinary income below $12,400. Ideally you would want to allow for as much conversion as you can without going over the standard deduction. If you're married, then it's double that at $24,800. You convert this amount and pop it into a brokerage retirement account at Vanguard, Schwab, Fidelity.  Invest the capital in the account in your favorite investment and let it sit there for 5 years. Do this each year building up a chunk converted. Each chunk converted will need to meet the 5 year holding period before it can be pulled out tax free, penalty free before 59 1/2. In most cases, you would want to draw down the traditional retirement accounts to ZERO if you can before the RMD (Required minimum distributions

In this video I will be sharing what I'm doing today to increase my wealth. Step by Step how I invest in my Fidelity Investments Account. My purpose is to document my journey from debt to wealth and motivate you to achieve your biggest goals too! #financialindependence #investing #firemovement #fijourney #debtpayoff #fromdebttowealth #money #personalfinances #millionaire... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/building-wealth-step-by-step-index-fund-investing-fidelity-investments-portfolio-update/?feed_id=62574&_unique_id=63cb56b71d8d5 #Inflation #Retirement #GoldIRA #Wealth #Investing #debtpayoff #fijourney #FIRE #FIREmovement #fromdebttowealth #indexfunds #Investments #millionaire #Stocks #wealth #FidelityIRA #debtpayoff #fijourney #FIRE #FIREmovement #fromdebttowealth #indexfunds #In

How to Buy Vanguard's Total Stock Market Index Fund (VTSAX). VTSAX is one of the more talked about Index Funds in the Financial Independence Retire Earley Movement. It has been featured in class investing books like The Simple Path to Wealth. With Vanguard's incredible reputation and its affordable high performing index funds, they have become the gold standard. VTSAX is what I am using to become Financial Independent in my ROTH IRA, 403b and 457. This video will tell you all that you need to know about buying your first share of VTSAX! Please share this with a friend! ✅Follow Me On Instagram: 📞Give Me A Call To Talk Money or YouTube: 💻 Email: TheFinnMindset@gmail.com Give Additional Support To This Channel With A PAYPAL DONATION! I Track ALL MY FINANCES AND INVESTING in ONE PLACE. The FREE APP👏🏻 Personal Capital! ----- 📚Books That Blew My Mind🤯 Get A FREE BOOK with a free trial of Audible! All You Need To Know About Investing: On Financial Freedom

According to Fidelity Investments, in the first quarter of 2021, the number of IRA with a balance of $1 million or more jumped up to 307,600 people. However, half of the millennial generation missed out on investing into their retirement due to student debt, personal loans, and high-interest credit cards. Roth IRA is the easiest way to grow your wealth tax-free. In this video, you will learn what an IRA is and how you can contribute to your Traditional or Roth IRA every year. Make your money work for you tax free in a Roth IRA with compound interest growth by contributing $17 a day. 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 📷 Additional FIRE Videos 📷 Fat FIRE Roadmaps - Create Generational Wealth - Money Avoidances & Excuses - How I save 60% of My In

Ep. 2 | We’re talking about 401Ks (...and also 403b's and 457b's) and why they are one of the greatest wealth building tools! SHOW NOTES: Your employer-sponsored retirement plan is one of the greatest wealth-building assets because: 1) You're more likely to become a millionaire if you contribute consistently to your 401k 2) Automatic contributions, deducted from your paycheck, force you to keep saving and investing 3) Employer matches are free money that you're entitled to (make sure you contribute enough to get your employer match!) 4) Retirement accounts have tax benefits. Pre-tax contributions can lower your tax liability now, or you can make post-tax contributions now and not pay any taxes when you withdraw at retirement age. ⠀ If you have an employer-sponsored retirement account , you will not want to miss this episode! Let's turning retirement planning into party planning! ----------------------------------------------------- Frustrated by an