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Showing posts with the label FinancialIndependence

The Path to Financial Independence: Unlocking the "Stairway to Wealth"

Episode #451 This “financial order of operations” could be your ticket to financial freedom. If most Americans followed these steps, they would find themselves debt-free, with full retirement accounts, passive income, and “wealth-accelerating” investments that only top-income earners can access. But you don’t need to make hundreds of thousands of dollars a year to follow this “Stairway to Wealth”; you just need to follow these steps! Andrew Giancola from “The Personal Finance Podcast” built the “Stairway to Wealth” after realizing that the common wealth-building plans, like Dave Ramsey’s “Baby Steps,” wouldn’t fit most people’s lifestyles. Instead, Andrew worked to develop a system that almost anyone could use, one that was tailored to TODAY’s financial environment and gave people more of a choice when it came to their investments. Following this nine-step plan, you can go from low cash and high debt to debt-free, financially safe and secure, and invested for your future.

Ensure a Stress-Free Retirement by Taking These Pre-Retirement Steps in Canada

Ever tried to blow up your retirement plan? If not, you better watch this video. You know what they say about best laid plans... Business Inquiries: info@wellbuiltwealth.ca Well Built Wealth: Intro (0:00) Planning for Storms (0:25) Stress-testing Your Retirement Plan (1:30) High Inflation (2:15) Lame Investment Returns (2:53) Market Crash (3:10) Early Death of a Spouse (3:29) A Whole Bunch of Bad at Once (4:13) Strategizing in Advance (5:13) Outro (6:22) DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provid

Royal Legal: Empower Yourself with Self-Directed Tax Sheltered Profits

Welcome to Season 3, Episode 1 of the Real Estate Nerds Podcast! In this episode titled "Self-Directed Tax Sheltered Profits" with Amanda Holbrook, we're here to help you unlock the potential for self-directed tax-sheltered profits and take control of your financial future. Are you satisfied with the returns your retirement account is currently earning? It's time to break free from intermediaries and explore the opportunities that self-directed accounts have to offer. ✨ Self-directed accounts empower you to accelerate the growth of your nest egg through tax-sheltered profits. ✨ Discover the secrets of generating capital for tax-free investing, allowing your financial journey to be fueled by tax-free profits that can supercharge your wealth-building efforts. ✨ Learn how to harness the power of this strategy to bring family members together in creating generational wealth and building a lasting legacy. ✨ Find out which retirement accounts qualify for this

7 Unbelievable Investment Strategies to Shield Your Money from the Clutches of Inflation

Welcome to FinanceMadeSimple, your one-stop destination for everything related to financial education and smart money tactics. Our channel is dedicated to helping you understand the complex world of finance in a simple and easy-to-understand way. We provide insightful content on how to make money online, create sustainable passive income streams, and apply intelligent money management techniques. Our tips on budgeting and frugal living will empower you to make informed decisions, stretching your dollar further, and securing your financial future. Join us at FinanceMadeSimple, where we simplify finance and inspire you to take control of your financial journey. Subscribe to our channel and let's conquer the financial world together! Disclaimer: The content on [Finance Made Simple] YouTube channel is for educational purposes only and should not be considered as professional financial advice. We strive to provide accurate information, but we do not guarantee its completenes

The Required 401K Investment for Early Retirement at Age 55

What are the early withdrawal rules for 401K, 403b, 457, and TSP? Let's go over how much you need to invest every year to have $1 million by age 55. High-Yield Savings Account with Ally Bank (Affiliate): ➡️ Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 ➡️ 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📖 My YouTube Studio & Equipment 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - ⏰ Tab

Dive into Financial Liberation with Auto-Tools! #financialeducation #financialfreedom #finance

#FinancialFreedomJourney #YoungMoneyMatters #AdultingFinanceTips #SmartSavingsHacks #DebtFreeDreams #Investing101ForYouth #BudgetingBasics #FirstTimeInvestor #StudentLoanSurvivor #FrugalLifeHacks #YoungWealthWisdom #EarlyRetirementGoals #Finance #FinancialEducation #MoneyTips Empowering the Next Generation: A Guide to Financial Freedom for Young Adults Welcome to our dedicated finance channel, a beacon for young adults navigating the often tumultuous waters of personal finance. As you embark on this transformative journey from youth to adulthood, understanding and managing your financial resources is of paramount importance. Whether you're grappling with student loans, eager to establish a robust savings plan, or setting sail on your maiden investment voyage, our channel promises to be your steadfast guide. Addressing the Unique Financial Challenges of Today's Youth It's undeniable that young adults today face a financial landscape unlike any other previous

Achieving Real Estate Riches in Just 60 Seconds! #FinancialFreedom #FinancialEducation #Motivation

#FinancialFreedomJourney #YoungMoneyMatters #AdultingFinanceTips #SmartSavingsHacks #DebtFreeDreams #Investing101ForYouth #BudgetingBasics #FirstTimeInvestor #StudentLoanSurvivor #FrugalLifeHacks #YoungWealthWisdom #EarlyRetirementGoals #Finance #FinancialEducation #MoneyTips Empowering the Next Generation: A Guide to Financial Freedom for Young Adults Welcome to our dedicated finance channel, a beacon for young adults navigating the often tumultuous waters of personal finance. As you embark on this transformative journey from youth to adulthood, understanding and managing your financial resources is of paramount importance. Whether you're grappling with student loans, eager to establish a robust savings plan, or setting sail on your maiden investment voyage, our channel promises to be your steadfast guide. Addressing the Unique Financial Challenges of Today's Youth It's undeniable that young adults today face a financial landscape unlike any other previous

The Number of 401K Millionaires is Growing, but Still Remains Under 1% of the Population / Garrett Gunderson

✅ Quick Cash Recovery – Uncover the top 8 strategies I use to put more cash in your pocket. This first tip helps 1 in 7 people recover lost money, with the average being over $2000 – Recommended: RICH VS POOR MINDSET | An Eye Opening Interview with Robert Kiyosaki & Garrett Gunderson: • How to PAY OFF A Home Mortgage in 5-7 Years WITHOUT Locking Up Your Money / Garrett Gunderson: • How to Refinance A Car Loan (The Right Way) / Ask The Money Nerds • Who is Garrett Gunderson? "I help people build sustainable wealth, increase monthly cash flow, and Live Their Richest Life without using budgeting or limiting your lifestyle along the way.” ~Garrett Gunderson #GarrettGunderson #richestlifepodcast Follow me: Blog: Website: Want More? 🥑🥑 Check out this channel! Wealth Labs Podcast: Video host: Garrett Gunderson DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensa

Investment Strategies for a Self-Directed IRA

In this video, we explore the world of Self-Directed IRAs and what it takes to invest in one. From the basics of what a Self-Directed IRA is, to the different investment options available and the pros and cons, this video is designed to provide a comprehensive overview of Self-Directed IRAs and help you make informed decisions. Whether you're a seasoned investor or just starting out, this video is an essential guide to understanding the ins and outs of Self-Directed IRAs.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Write an article about How to Invest in a Self-Directed IRA in English https://inflationprotection.org/investment-strategies-for-a-self-directed-ira/?feed_id=144726&_unique_id=6526607af2add #Inflation #Retirement #GoldIRA #Wealth #Investing #alternativeinvestments #assetprotection #Bonds #crowdfunding #

CPA Explains the Disadvantages of Investing in a 401k

#401k #IBC #Investing In this video, I give 3 reasons why you SHOULDN'T contribute to a 401k, and propose an alternative savings strategy you may never have heard of. Chapters 0:00 Introduction 0:50 Taxes 1:00 Delaying the Tax 1:30 Lower Tax Myth 2:04 Lower Income Myth 2:44 The LIE 3:18 Government Program 3:47 Access & Control 4:26 Others Benefit 5:15 Saving vs. Investing 5:52 Government Confiscation 7:14 What To Do Instead? 8:52 Disclaimer 9:30 Summary and Conclusion For more information on the Infinite Banking Concept ® Financial System (IBC), visit: Nelson Nash Institute: To find an Authorized IBC Practitioner in your area, visit: Disclaimer: The Infinite Banking Concept® is a registered trademark of Infinite Banking Concepts, LLC. Maxwell McGuire, CPA is independent of and is not affiliated with, sponsored by, or endorsed by Infinite Banking Concepts, LLC.... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment Durin

Age-Based Roth IRA Calculator: Steps to Accumulate $1 Million in Your Roth IRA

The contribution limit for the Roth IRA is lower than the 401K, but your Roth IRA can help you supplement your retirement income. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 ➡️ 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📖 My YouTube Studio & Equipment 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - ⏰ Table of Contents ⏰ 0:00 Roth IRA Calculator 2:53 Roth IRA at Age 30 3:30 Roth IRA at

Alleviating the Tax Burden of Inherited IRAs

So, you're looking to minimize taxes? On the Get Ready For The Future Show, we're answering YOUR questions! Like this one from Jerry in Sherwood: "Is there any way to reduce the burden of taxes for inherited IRAs; except converting to a Roth. I've just about decided to start reducing it yearly and paying the taxes myself, but I was wondering if there was anything else I could do. I would like to know what kind of an immediate annuity that you have, since that would be one way. I know I could not pass anything to the heirs that way, but it is one option I am interested in?" The bad news is that there really isn't much you can do to avoid taxes on inherited IRAs, especially due to the SECURE Act of 2020. However, there are some helpful strategies to manage them as best as possible, AND you can work to avoid passing the tax stresses on to your loved ones. - ❓ Have your own questions? Call or text us at 501.381.5228 or email show@getreadyforthefutur

Essential Investment Accounts for Achieving Financial Freedom: A Comprehensive Guide

Episode #452 If you’re new to personal finance, investment accounts can seem complicated. The terms, the lingo—HSA, Roth, IRA, 401(k)—these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster, pay WAY less in taxes, and maximize your money even while you’re asleep. So, how do you get started? Tune in; we’ll show you how! Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each retirement, investment, and savings account you MUST have on your road to FIRE. In today’s episode, we’ll touch on the common accounts you’ve heard of, like the 401(k) and IRA, as well as some lesser-known investing and savings accounts that can help your money grow faster than you thought possible. And whether you’re just starting your retirement journey in your 40s, 50s, or 60s, or you’re a twinkly-eyed twenty-something-year-old ready for compound interest to run its course,