Timothy Sumer

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

Grant Sabatier (author, Financial Freedom) share some of the steps that led him from $2.26 in the bank to over a million bucks in just 5 years, and the myth that he believes is the #1 barrier keeping the rest of us from achieving the same thing. Plus, a conversation about Senator Elizabeth Warren’s wealth tax proposal, Joe and Big Al answer a question about keeping taxes in mind as part of an investing strategy, and a look at the complete disaster that was the Fyre Festival. :48 - How Grant Sabatier Became a Millennial Millionaire 14:45 - Grant Sabatier on How You Can Become a Millionaire, Too 29:42 - I Make Too Much to Deduct Traditional IRA Contributions. Why Not Just Go After-Tax? 35:44 - Joe and Big Al's Take on "The Wealth Tax" 42:53 - The Disastrous Fyre Festival Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people

It is entirely possible to have over $1 Million invested in your 401(k). So why don't many people have a million dollars? It's all about your savings rate. This video will have a complete breakdown of how much you should save each year based on your income. 🤳 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 ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ 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 - Finan

BEST GOLD IRA COMPANIES Is Essential For Your Success... ( read more ) LEARN MORE ABOUT: Precious Metals IRAs HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing REVEALED: Best Investment During Inflation Investing in precious metals like gold is always considered as one of the safest and secure forms of investment. Especially during economic turmoil, gold has always been a popular choice for investors due to its stability and value. However, when it comes to investing in gold, you need to choose a reliable and trusted company for your gold IRA investment. In this article, we will discuss why choosing the best gold IRA companies is essential for your success. Firstly, with the increasing demand for gold IRA investment, there are several companies available in the market. Therefore, to avoid any fraud or scam, it is essential to choose a reputable company. The best gold IRA companies are those that have a track record

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

▸▸▸Subscribe so you don’t miss an episode: Listen to us on Spotify: Listen to us on Apple Podcast: ▸▸▸Send us your questions: We have multiple investment accounts. Each of these accounts played an important role in getting us to financial independence. In this episode, we answer Madison’s question about the four different types of accounts that she has and the order in which she should fund each account. ▸▸▸Enroll in our 365 Days to F.I.R.E. Program: Take part in our 365 Days to F.I.R.E. Program and develop your financial independence plan (including your stock investing plan and real estate investing plan) AND get your plans reviewed by us, attend 12 Live Q&As with us, complete daily F.I.R.E. related tasks, get assigned to a small accountability group, attend our meet-ups in Portugal, participate in our FIRE related book club . . . and more! ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: Enroll in our new 21

Welcome to our channel where we will be discussing the differences between a traditional IRA and a Roth IRA. Both these retirement accounts have their own unique set of features and benefits (Stocks, Bonds, Mutual Funds and other investment vehicles) and understanding the differences between them is essential for making informed decisions about your retirement planning . Make sure you subscribe to learn about more advanced retirement products! Thanks for your support! ***Disclaimer*** This channel is for informational and entertainment purposes only and not financial advice. Do your own research and consult a financial professional before making any financial decisions. Investing carries risk and may result in a loss. We aren't responsible for any losses from following our information.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA

Retirement investing, bad debt, backdoor Roth IRAs, bonds, and starting a business. If you’re just beginning your personal finance journey, this can all seem a bit complicated. Where do you invest first? What should you do with extra cash? And how do you know a financial fiduciary is genuinely looking out for your best interest? Don’t worry; you don’t need all the answers. Just tune in, and listen to what financial expert Amanda Wolfe and Certified Financial Planner Kyle Mast have to say. It’s been a few months since we spoke to our go-to money experts. But we’ve been receiving a ton of finance FAQs in our Facebook group. So, we rounded up some of the best and got Amanda and Kyle’s take live on this episode. First, we’ll go over when to pay off bad debt when starting a business and what a “no money down” business really means. Then, Amanda and Kyle give their strong stances on if bond investing makes sense for the average FIRE-chaser. You’ll also hear the OPTIMAL way to se

Subscribe to my channel for full-length financial independence content! ************************************************************ Track Your Investments For Free Using Personal Capital: Automate Your Investments Using M1 Finance: Save Money With My Recommended Products On Amazon! Check Out All My Favorite Financial Resources! Get Personalized Consulting From Me: ************************************************************ #Shorts ************************************************************ On Cash Flow is owned and operated by On Cash Flow LLC, a limited liability company headquartered in the state of Tennessee, USA. This content is for informational purposes only. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver

This is the real reason your 401K is not growing as fast. To watch an in-depth video, watch this 👇🏻 ⚡️CASH FLOW MARKETPLACE ○ #shorts... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing As you plan for retirement, you likely rely on your 401(k) as a crucial component of your future financial stability. However, many people fail to fully consider the potential impact of 401(k) fees. These fees can quickly add up and put your retirement at serious risk. The first step is to understand the various types of fees that may be associated with your 401(k). These can include administrative fees, investment fees, and individual service fees, among others. While these fees may seem small, they can add up to significant sums over time. For example, let's say you have a 401(k) with a balance of $100,000 and an annual rate of ret

25% of Americans are delaying their retirement due to inflation. What type of budget strategy should you use to achieve financial independence and then retire early? Sign up for Grammarly to make your writing clear and effective. Please Read Affiliate Disclosure at the bottom of the description. 📝 Affiliate Link: 📖 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? 📖 ➡️ "1,000 Nights: Death's Love Letter to Afghanistan" "The Millionaire Next Door" 📷 Additional FIRE Videos Mentioned In this Video 📷 Financial Infidelity - Our $2.8 mil Fat FIRE Plan - $250K/Year Paycheck to Paycheck - The 10-Step FIRE Checklist - Calculate FIRE Number - Customize Your Emergency Fund - Build a $2.8 mil Investment Portf

Should you use your Roth IRA as an emergency fund? How do you use your Roth IRA if you become unemployed, have major surgery, or do something else unexpected? How does withdrawing your contributions impact your Roth IRA in the long term? 🤳 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? 📖 ➡️ "1,000 Nights: Death's Love Letter to Afghanistan" "The Millionaire Next Door" 📷 Additional FIRE Videos Mentioned In this Video 📷 Backdoor Roth IRA - 5-Year Conversion Ladder - Our $3.7 Mil Fat FIRE Plan - The 10-Step FIRE Checklist - Calculate FIRE Number - Customize Your Emergency Fund - Build a $2.8 mil Investment Portfolio - Pay Yourself First Budget - How to withdraw $2.8 mil Fat FIRE -

Which is better, a Traditional or Roth IRA? This is a very common question and I understand it can be confusing at first. I think they do it that way on purpose. In this video, I explain the key differences and talk about which one I choose to go with and why. ______________________________________ How we calculate our investment properties: Rehab Valuator: ______________________________________ Facebook: Instagram: Email: jonschoeller@gmail.com ______________________________________ My top 5 Books Suggestions: Get Your Money Right: Deal with People: Get Motivated: Start Saving: Get Your Mind Right: _____________________________________ DISCLAIMER: This is for entertainment purposes only. Please do all your research before deciding what to do with your money and investments. DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/o

I fully depleted my Traditional IRA, there is a $0 balance now. However, I actually did this on purpose for a very good reason. I am utilizing a really awesome strategy for early retirement known as the Roth IRA Ladder. I love talking about the Roth IRA ladder strategy because it can allow you to retire YEARS earlier than someone else that is not planning on using the Roth IRA ladder because it saves you from paying a lot of federal income tax AND the dreaded early withdrawal penalty associated with retirement accounts. Check out my video on how I am using the Roth IRA Ladder in early retirement! ************************************************************ Track Your Investments For Free Using Personal Capital: Automate Your Investments Using M1 Finance: Save Money With My Recommended Products On Amazon! Check Out All My Favorite Financial Resources! Get Personalized Consulting From Me: ************************************************************ #TraditionalIRA

▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: 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: 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 inv