WEBVTT - 2020 Rewind: Our Rich Journey 0:00:16.200 --> 0:00:19.320 Heyba fam, we did it. We're here. We are almost 0:00:19.600 --> 0:00:23.159 done with twenty twenty. But before we say goodbye to 0:00:23.239 --> 0:00:26.079 the Year of the Dumpster Fire, we first wanted to 0:00:26.120 --> 0:00:29.360 take a look back at some of our favorite conversations 0:00:29.400 --> 0:00:33.199 we had with guests this year on Brown Ambition. First up, 0:00:33.280 --> 0:00:36.840 we've got our conversation with Aman and Christina of our 0:00:37.120 --> 0:00:39.519 Rich Journey. First of all, if you guys do not 0:00:39.560 --> 0:00:42.120 subscribe to their YouTube channel and you are interested in 0:00:42.159 --> 0:00:45.120 getting your start in investing, you have got to go 0:00:45.159 --> 0:00:48.400 to YouTube right now and subscribe. Honestly, there's a series 0:00:48.400 --> 0:00:52.080 of videos about wealth building and investing and saving for retirement. 0:00:52.560 --> 0:00:55.680 We're a game changer for the way that I personally 0:00:55.720 --> 0:00:59.520 approached my own retirement before the age of forty. Christina 0:00:59.560 --> 0:01:02.560 and Aman managed to not only retire, but move their 0:01:02.720 --> 0:01:06.840 entire family to Portugal, of all places, and start fresh. 0:01:06.959 --> 0:01:09.200 They are truly living their best damn lives, and in 0:01:09.240 --> 0:01:12.760 this episode, they were here to spill the tea on 0:01:12.840 --> 0:01:15.600 how much they save to retire early, how they're making 0:01:15.760 --> 0:01:18.280 ends meet out there in Portugal right now, and what 0:01:18.319 --> 0:01:21.600 are their expenses really like. We hope you enjoy looking 0:01:21.640 --> 0:01:24.680 back on this episode of Brown ambition. So, without further ado, 0:01:24.880 --> 0:01:27.680 here's our conversation with a Moan and Christina of Our 0:01:27.800 --> 0:01:32.240 Rich Journey. We are joined today by the fabulous Our 0:01:32.520 --> 0:01:35.840 Rich Journey, the brains behind Our Rich Journey, Christina and 0:01:35.880 --> 0:01:38.080 Amman Browning. Welcome to the show. 0:01:38.880 --> 0:01:40.320 Hey, thanks for having us. 0:01:40.400 --> 0:01:41.000 Yeah, thank you. 0:01:41.080 --> 0:01:43.240 We have been looking forward to this. We were so 0:01:43.280 --> 0:01:45.640 excited about this call. So we are so glad to 0:01:45.680 --> 0:01:46.759 be speaking with you guys. 0:01:47.240 --> 0:01:49.480 Now we're geeked. I'm like, ugh, I just know our 0:01:49.480 --> 0:01:52.000 audience is going to love you. Oh money too. 0:01:52.480 --> 0:01:54.280 Let me brag on y'all for a little bit because 0:01:54.360 --> 0:01:57.320 your story is so inspirational and I know that our 0:01:57.360 --> 0:02:00.520 audience will love you. But as we mentioned, the come 0:02:00.520 --> 0:02:03.600 from the San Francisco Bay Area. You guys both worked 0:02:03.600 --> 0:02:07.120 for the federal government until your late thirties. You decided, 0:02:07.200 --> 0:02:09.640 let's just quit our jobs. Let's just retire. Now, how 0:02:09.639 --> 0:02:11.680 about that? With what a ten and a twelve year 0:02:11.639 --> 0:02:12.320 old at the time. 0:02:12.880 --> 0:02:16.079 Yes, yeah, well so they're eleven and thirteen now, so yeah, 0:02:16.120 --> 0:02:17.880 they were about ten and twelve at the time. 0:02:18.320 --> 0:02:20.160 What better not only quit your job? 0:02:21.000 --> 0:02:24.040 Yeah? Very casually? Well, no, I mean, I'm kind of 0:02:24.080 --> 0:02:26.000 making it seem easier than it was. You guys plan 0:02:26.160 --> 0:02:29.760 for this. You joined the Fire movement before you even 0:02:29.840 --> 0:02:31.480 knew there was a Fire movement? Is that right? 0:02:32.280 --> 0:02:33.919 Oh, that is totally right. I love how you said 0:02:33.919 --> 0:02:34.200 that too. 0:02:34.240 --> 0:02:36.760 It's like we didn't even really know what we were 0:02:36.800 --> 0:02:39.720 doing as we were doing it in terms of classifying 0:02:39.800 --> 0:02:43.160 it as a Fire movement, because when we started, it wasn't. 0:02:42.880 --> 0:02:46.120 Like this huge thing. It's not a huge thing now, I. 0:02:46.120 --> 0:02:49.399 Would say, but it's much bigger than when we started. 0:02:49.520 --> 0:02:53.240 So Fire is really financial independence retiring early. And the 0:02:53.280 --> 0:02:56.600 concept is really that you save as much money as 0:02:56.639 --> 0:02:58.639 you can, you make as much money as you can, 0:02:58.760 --> 0:03:01.880 and then you invest that money, and then that money 0:03:01.919 --> 0:03:04.640 will grow enough to a point where you have enough 0:03:04.680 --> 0:03:08.280 money that you can reach financial independence and retire and 0:03:08.320 --> 0:03:08.720 never have. 0:03:08.720 --> 0:03:09.359 To work again. 0:03:09.520 --> 0:03:13.920 So that whole sort of introduction to Fire was we 0:03:13.919 --> 0:03:17.600 were sort of working on it and doing all these 0:03:17.639 --> 0:03:20.320 things towards Fire, but there wasn't really we didn't know 0:03:20.360 --> 0:03:22.400 the name of it at the time when we started. 0:03:23.160 --> 0:03:25.560 We'll talk about I mean, so take us back to 0:03:25.600 --> 0:03:27.480 eight years ago. Was it eight or nine years ago 0:03:27.520 --> 0:03:30.000 when y'all decided as a couple, Was it was it 0:03:30.120 --> 0:03:33.080 one big conversation where y'all where you were both like, hey, 0:03:33.160 --> 0:03:36.440 we should retire early? How soon? Eight years? How's eight years? 0:03:36.480 --> 0:03:38.160 And then you put it like, how did that? How 0:03:38.200 --> 0:03:40.119 does it work as a couple? How do you decide 0:03:40.520 --> 0:03:43.520 we are going to both strive for this goal? Get 0:03:43.560 --> 0:03:45.840 on the same page and talk about the steps that 0:03:45.920 --> 0:03:48.320 y'all took in your early thirties to be able to 0:03:48.360 --> 0:03:49.720 retire before forty. 0:03:50.320 --> 0:03:53.320 Well, you know, it was a AHA moment for me 0:03:53.360 --> 0:03:56.200 at work. I was at work working for the federal government, 0:03:56.840 --> 0:03:59.320 and I was I was going through the motions every 0:03:59.360 --> 0:04:01.840 day in the race. And I was at work one 0:04:01.880 --> 0:04:04.280 day and I received an award for my length of 0:04:04.280 --> 0:04:07.280 service with the federal government for ten years. And at 0:04:07.320 --> 0:04:10.480 this awards assembly, there was another federal employee that had 0:04:10.480 --> 0:04:13.440 gotten an award for thirty years of service. And I 0:04:13.600 --> 0:04:18.480 just remember, at this assembly, my ten years was just insignificant. 0:04:18.600 --> 0:04:21.920 They hurried me off the stage. It was nothing. And 0:04:22.120 --> 0:04:25.240 at that moment, I realized that I didn't want to 0:04:25.279 --> 0:04:28.440 be here thirty years just to get another piece of paper. 0:04:28.960 --> 0:04:31.480 And so I went home. I had this conversation with Christina, 0:04:31.720 --> 0:04:34.680 and you know, there were so many things that we 0:04:34.720 --> 0:04:37.640 wanted to do besides just spend the rest of our 0:04:37.640 --> 0:04:41.160 lives in our cubicle. And so we had this conversation 0:04:41.360 --> 0:04:43.080 and we didn't really know how we were going to 0:04:43.120 --> 0:04:46.400 do it, you know, we had it was just a goal. 0:04:46.480 --> 0:04:48.800 A goal was to be able to develop enough passive income, 0:04:49.160 --> 0:04:52.040 either with real estate or with the stock market, to 0:04:52.080 --> 0:04:54.320 be able to quit our jobs and live off of that. 0:04:54.800 --> 0:04:57.000 And so when I went home and me and Christina 0:04:57.040 --> 0:05:00.919 had this conversation, what Christina did is what she always does. 0:05:01.120 --> 0:05:03.400 She was like all in for it. She said, let's 0:05:03.440 --> 0:05:05.000 do it. Let's figure out a way to get it done. 0:05:05.680 --> 0:05:07.240 Well, it's your heart. I mean, my husband and I 0:05:07.240 --> 0:05:09.719 can't even ngram what to order on door Dash. I 0:05:09.720 --> 0:05:14.040 mean that's like a two hour conversation. Well, I think 0:05:14.080 --> 0:05:16.799 y'all's relationship, I mean it has to be so strong, 0:05:16.839 --> 0:05:19.520 such a foundation of trust, and I just and it 0:05:19.560 --> 0:05:22.120 comes across for me and your YouTube channel and your videos. 0:05:22.120 --> 0:05:23.800 You can really tell that y'all are all in with 0:05:23.839 --> 0:05:26.760 each other, and that's that's beautiful to see. Tiff, What 0:05:26.800 --> 0:05:28.000 do you want to ask now? 0:05:28.040 --> 0:05:30.599 I just want to know, like what in your note 0:05:30.640 --> 0:05:33.440 so you have that initial excitement, But what were there 0:05:33.480 --> 0:05:36.960 things that made you nervous about about this journey that 0:05:37.000 --> 0:05:38.760 you were like, how were we going to handle these things? 0:05:39.040 --> 0:05:40.839 Because I'm sure there are certain people who are listening 0:05:40.839 --> 0:05:43.360 and they're like, I'd love to retire early, but I'm 0:05:43.400 --> 0:05:44.760 nervous about dot. 0:05:44.600 --> 0:05:46.640 Dot dot, And how did you handle those things? 0:05:47.920 --> 0:05:50.560 There was a list. I think I think the biggest 0:05:50.560 --> 0:05:52.599 thing on our list was the amount of money that 0:05:52.640 --> 0:05:55.159 it would take to retire to do it, you know, 0:05:55.200 --> 0:05:57.680 we we have this thing called a fire number, and 0:05:57.720 --> 0:06:00.360 it's a number that you calculate and it's based off 0:06:00.360 --> 0:06:01.760 of the amount of money that you would need in 0:06:02.480 --> 0:06:06.000 an investment portfolio in order to call yourself financially independent. 0:06:06.480 --> 0:06:10.480 And just calculating that number and seeing that number on paper, 0:06:10.760 --> 0:06:13.480 that was very intimidating. So that was one thing for sure. 0:06:14.040 --> 0:06:16.359 Yeah, and I think you know it's for us. 0:06:16.160 --> 0:06:20.360 It's really like when we have maybe these challenges, are 0:06:20.360 --> 0:06:22.479 we thinking, Okay, how much is it going to take 0:06:22.520 --> 0:06:24.120 in order to retire? Because I think one of the 0:06:24.120 --> 0:06:26.040 things that man forgot to say is when he came 0:06:26.080 --> 0:06:27.880 home and we were talking about it, he said, I 0:06:27.960 --> 0:06:31.680 want to retire before I'm forty and so for us, 0:06:31.720 --> 0:06:35.280 it was like, wow, that's not a huge amount of time, 0:06:35.760 --> 0:06:38.320 So what are the things that we need to do 0:06:38.520 --> 0:06:40.400 in order to make that happen. So I think the 0:06:40.520 --> 0:06:42.480 challenge for us too was at the time, like I said, 0:06:42.520 --> 0:06:45.840 there wasn't a lot of information out there. There wasn't 0:06:46.120 --> 0:06:50.120 a lot of information in general in terms of how 0:06:50.160 --> 0:06:53.640 to pursue fire. And Aman and I also both came 0:06:53.839 --> 0:06:58.880 from backgrounds where we didn't learn about investing or even 0:06:59.040 --> 0:07:02.599 saving money, really making money extra money, how do you 0:07:02.600 --> 0:07:06.120 go about doing that? So we didn't have that type 0:07:06.120 --> 0:07:09.480 of background in terms of learning how to really deal 0:07:09.560 --> 0:07:12.240 with our finances, So that was definitely a struggle. I mean, 0:07:12.560 --> 0:07:15.880 I think part of it is really becoming comfortable in 0:07:16.480 --> 0:07:19.000 how do you make these real estate transactions, how do 0:07:19.040 --> 0:07:23.080 you make these stock market investments, and really becoming financially 0:07:23.120 --> 0:07:26.240 literate and understanding how to try and grow our money. 0:07:26.280 --> 0:07:28.840 So I think a lot of people when they're on 0:07:28.880 --> 0:07:32.720 the fire journey, that can be a struggle because it 0:07:32.720 --> 0:07:35.040 can seem sort of overwhelming. You have to make all 0:07:35.040 --> 0:07:36.960 this money, and then you have to figure out how 0:07:36.960 --> 0:07:39.000 do you grow your money because you can't just allow 0:07:39.000 --> 0:07:40.920 it to sit in a savings account. It's not going 0:07:41.000 --> 0:07:42.880 to happen. You're not going to get that type of 0:07:42.920 --> 0:07:46.040 money to retire early. So those were some of the 0:07:46.160 --> 0:07:49.120 challenges that I guess the biggest challenges that we had 0:07:49.160 --> 0:07:50.400 when we were pursuing fire. 0:07:51.480 --> 0:07:53.800 And you had so you're in your early thirties. You 0:07:53.840 --> 0:07:54.880 have two girls at the time. 0:07:54.880 --> 0:07:59.200 They're young, right, yes, so they were I think around 0:07:59.240 --> 0:08:00.000 three and five. 0:08:00.080 --> 0:08:01.600 I've probably Christine. 0:08:01.680 --> 0:08:03.240 Why didn't you just completed law school? 0:08:03.680 --> 0:08:06.280 Yeah, I was. I actually started law school. 0:08:06.320 --> 0:08:09.480 I went to law school at UCLA, and the girls 0:08:09.640 --> 0:08:12.800 were down in LA with me, and Aman was actually 0:08:12.880 --> 0:08:15.360 working at the time, but he was working in San Francisco, 0:08:15.880 --> 0:08:19.040 and so he was coming back and forth every weekend. 0:08:19.120 --> 0:08:22.200 I mean, I cannot even imagine, you know, I was 0:08:22.240 --> 0:08:24.840 there with the girls at law school, but every single 0:08:24.880 --> 0:08:28.320 weekend a mon was driving down or flying down from 0:08:28.360 --> 0:08:32.480 San Francisco to LA to be with us and support us. 0:08:32.559 --> 0:08:34.760 It's like he didn't even skip a beat. And so 0:08:35.320 --> 0:08:37.400 for us, yeah, that was part of the journey, was 0:08:37.480 --> 0:08:40.880 really trying to manage to get in like two separate households, 0:08:41.160 --> 0:08:45.280 managing little kids on this journey of fire, and really 0:08:45.360 --> 0:08:47.640 trying to make everything work because at the same time 0:08:47.640 --> 0:08:50.440 we're supposed to be saving money and making money. 0:08:50.559 --> 0:08:52.920 So yeah, that was another challenge. 0:08:53.240 --> 0:08:55.480 Your thirties are like that decade, and I'm right where 0:08:55.480 --> 0:08:57.120 you guys were eight years ago. So I am listening 0:08:57.120 --> 0:08:59.680 with these big old yes, tell me what to do, 0:09:00.120 --> 0:09:01.679 because this is the time in your life where year 0:09:01.720 --> 0:09:04.480 of responsibilities get bigger. You have the baby, you get 0:09:04.520 --> 0:09:06.960 the house, maybe you get a dog, you get a 0:09:07.120 --> 0:09:09.520 you know, you move to the burbs or whatnot, and 0:09:09.600 --> 0:09:12.120 you start to I feel the pressure of it all, 0:09:12.440 --> 0:09:16.160 you know, the pressure of providing for my child, creating stability. 0:09:16.679 --> 0:09:19.440 And what I love about you guys is that you said, yeah, 0:09:19.440 --> 0:09:21.959 we have it. I'm sure you guys had a decent life, 0:09:22.120 --> 0:09:24.760 I mean comfortable life. You both had great careers. Christina, 0:09:24.800 --> 0:09:26.760 you went to law school. You also work for the 0:09:26.800 --> 0:09:30.199 federal government, but you chose to like even aim higher 0:09:30.360 --> 0:09:32.760 at the time you when you started to think about 0:09:32.760 --> 0:09:35.640 retiring before forty, where were you at financially? Were you 0:09:35.800 --> 0:09:38.640 just basic four when k investors? Had you guys already 0:09:38.640 --> 0:09:41.400 bought your properties, Had you had experience in the real 0:09:41.520 --> 0:09:44.640 estate or did y'all start from Okay, let's start getting 0:09:44.640 --> 0:09:46.640 into real estate, because I know that was a cornerstone 0:09:46.640 --> 0:09:49.760 of your investing strategy, right, Yeah, So you. 0:09:49.679 --> 0:09:52.920 Know we were doing what most people well I don't 0:09:52.920 --> 0:09:53.640 want to see most people. 0:09:53.679 --> 0:09:54.320 We were. 0:09:54.320 --> 0:09:56.280 We had the fundamentals in place, so we had an 0:09:56.320 --> 0:09:59.120 emergency fund and we were putting away about ten to 0:09:59.160 --> 0:10:02.600 fifteen percent of our our income into our retirement accounts. 0:10:03.400 --> 0:10:05.840 But a lot of the pressures that you talked about, 0:10:06.200 --> 0:10:10.240 if we were to I guess get deeper into some 0:10:10.280 --> 0:10:14.120 of those pressures, we would have failed victim to lifestyle creep. 0:10:14.160 --> 0:10:16.800 And so what started to happen to us in our 0:10:16.920 --> 0:10:20.040 thirties was that we had to make a serious shift. 0:10:20.360 --> 0:10:22.760 And it was good that we had this shift, and 0:10:22.840 --> 0:10:25.800 I had this moment at work when I did, because 0:10:26.000 --> 0:10:27.520 we were at that point where we were going to 0:10:27.559 --> 0:10:30.480 be starting to make more money. A lot of these 0:10:31.400 --> 0:10:33.280 pressures we're going to start to pop up with the 0:10:33.360 --> 0:10:36.480 kids and our with our friends, and you can really 0:10:36.520 --> 0:10:39.079 fall victim to those things like getting a bigger house, 0:10:39.240 --> 0:10:43.439 like driving a nicer car. And so for us at 0:10:43.440 --> 0:10:47.560 that moment, breaking loose of this of this consumer culture 0:10:47.840 --> 0:10:50.520 and deciding to live in a smaller house, to drive 0:10:50.559 --> 0:10:53.560 an older car, and then take whatever extra money that 0:10:53.600 --> 0:10:56.600 we started to make and instead prioritize that money into 0:10:56.640 --> 0:11:00.680 our investments. It was definitely a crossroad for us, and 0:11:01.640 --> 0:11:05.040 we can definitely attribute our success to making that shift. 0:11:05.240 --> 0:11:07.000 Yeah, and I love how you say, Mandy, that you 0:11:07.200 --> 0:11:08.920 know you're sort of at the stage that we were 0:11:08.920 --> 0:11:12.679 eight years ago, right, Because when you're in your thirties, 0:11:12.720 --> 0:11:14.920 you start to notice that you're. 0:11:16.320 --> 0:11:18.000 Maybe potentially making more money. 0:11:18.120 --> 0:11:18.280 Right. 0:11:18.320 --> 0:11:21.800 You may have more responsibilities at your job, you may 0:11:21.840 --> 0:11:24.120 be starting a family, you may be buying a house. 0:11:24.240 --> 0:11:27.120 All of these things are sort of coming to fruition. 0:11:27.240 --> 0:11:29.600 Things that you may have wanted in your twenties, you're 0:11:29.640 --> 0:11:32.040 starting to get more and more of them in your thirties. 0:11:32.520 --> 0:11:35.480 And so that is one of the big things I 0:11:35.520 --> 0:11:41.360 think for people pursuing fire is really not getting attached 0:11:41.360 --> 0:11:44.400 to or not falling down that whole of lifestyle creep. 0:11:44.679 --> 0:11:47.000 As you start to get more money. It's not this 0:11:47.080 --> 0:11:48.840 concept that, oh, you have more money so that you 0:11:48.880 --> 0:11:52.000 can spend more money. It's this idea that when you're 0:11:52.040 --> 0:11:55.600 making this more money, you were able to live off 0:11:55.640 --> 0:11:58.079 of less money before. When you make more money, it 0:11:58.080 --> 0:11:59.719 doesn't mean that you have to spend more money. The 0:11:59.760 --> 0:12:02.200 idea idea is that you can save that money and 0:12:02.240 --> 0:12:05.040 then invest that money, and then that is starting to 0:12:05.160 --> 0:12:08.120 grow during your fire journey. And you don't even have 0:12:08.200 --> 0:12:10.160 to have the goal of retiring early. It could just 0:12:10.200 --> 0:12:12.800 be that you want to be financially independent so that 0:12:12.920 --> 0:12:15.120 when you get older, money is not going to be 0:12:15.120 --> 0:12:17.360 an issue for you. You can do whatever type of 0:12:17.440 --> 0:12:19.560 job makes you happy, and you don't have to think, 0:12:19.760 --> 0:12:21.319 I can't have this job because I'm not going to 0:12:21.360 --> 0:12:22.280 make enough money to. 0:12:23.920 --> 0:12:26.000 You know, pay all the bills for my family and 0:12:26.040 --> 0:12:28.360 things like that. So if you have this idea when 0:12:28.360 --> 0:12:29.520 you're in the thirties. 0:12:29.160 --> 0:12:34.120 Of not falling down that path of lifestyle creep, then 0:12:34.160 --> 0:12:36.480 you're way ahead of the game in terms of where 0:12:36.520 --> 0:12:37.240 other people are. 0:12:37.840 --> 0:12:38.040 Yeah. 0:12:38.080 --> 0:12:39.560 I just got to get my husband on board with that. 0:12:40.240 --> 0:12:42.160 So there's an African proverb that my dad would say 0:12:42.160 --> 0:12:45.040 that you cut your coat according to your size. You know, 0:12:45.160 --> 0:12:47.600 that's so many people they're like, oh, I'm bigger, now 0:12:47.600 --> 0:12:49.000 I need a bigger coat, or. 0:12:48.920 --> 0:12:50.880 Like I'm or they you know what I mean. 0:12:50.920 --> 0:12:53.920 You keep increasing and so it just you're keeping the 0:12:53.960 --> 0:12:56.439 pace of the increase, not realizing like do I really 0:12:56.480 --> 0:12:59.600 need to continue to increase. I mean, I'm a cheapo, 0:12:59.760 --> 0:13:02.080 so I was like living my cheapest life when I 0:13:02.120 --> 0:13:02.520 was thirty. 0:13:03.240 --> 0:13:05.960 So also I lost my job then. 0:13:06.240 --> 0:13:08.440 But one thing I really want to know, because this 0:13:08.480 --> 0:13:10.839 is something that I struggled with when I was in 0:13:10.840 --> 0:13:14.200 my early thirties and I was starting my business, is like, 0:13:14.280 --> 0:13:16.400 what do you do for insurance? Because honestly, back then 0:13:16.480 --> 0:13:19.560 my insurance was yoga, water and prayer. 0:13:19.880 --> 0:13:22.040 So what do you do for insurance? What do you 0:13:22.080 --> 0:13:23.000 do for insurance? 0:13:23.800 --> 0:13:28.280 Was it in that order? Tiffany? First, I think you 0:13:28.320 --> 0:13:30.000 know that is one of the big things too. 0:13:30.280 --> 0:13:34.800 You know, when you are accumulating more things, you have 0:13:34.880 --> 0:13:38.280 to understand that you need insurance in place to protect 0:13:38.280 --> 0:13:38.920 those things. 0:13:39.200 --> 0:13:42.000 You know that you do not want. 0:13:41.880 --> 0:13:44.959 To be in a worst case scenario where something happens 0:13:44.960 --> 0:13:46.800 and you're not insurance. It could be your house, it 0:13:46.800 --> 0:13:49.240 could be health insurance. It could be car insurance, it 0:13:49.240 --> 0:13:51.920 could be any of these. You know, for you, Tiffany, 0:13:51.920 --> 0:13:54.560 if you're starting a business having business insurance when you 0:13:54.559 --> 0:13:55.280 were in your thirties. 0:13:55.280 --> 0:13:58.160 But the idea is that insurance is. 0:13:58.080 --> 0:14:02.280 Supposed to prevent you from losing all of your assets, 0:14:02.440 --> 0:14:08.240 because how terrible would it be while you're gaining more money, 0:14:08.520 --> 0:14:11.520 you have more assets, and something happens and you're not 0:14:11.679 --> 0:14:15.560 properly insured and then you can lose everything. Like right 0:14:15.640 --> 0:14:19.960 before we fired a Mond, we were in the States 0:14:20.400 --> 0:14:24.880 and a mon got just this horrible, horrible food poisoning. 0:14:24.880 --> 0:14:26.560 And I'm not just saying like he was throwing up, 0:14:26.640 --> 0:14:29.440 he didn't feel well. He was hospitalized for a week. 0:14:29.760 --> 0:14:31.640 It was it was awful. 0:14:31.720 --> 0:14:32.320 It was really bad. 0:14:32.360 --> 0:14:34.120 I mean, I don't even want to go to how 0:14:34.160 --> 0:14:37.480 bad it was. But it was worst case scenario. And 0:14:38.520 --> 0:14:43.400 thank god we were insured because the hospital bill was insane. 0:14:43.400 --> 0:14:45.640 It was an insane amount of money, and then we 0:14:45.680 --> 0:14:48.080 still had to pay our portion of it. But if 0:14:48.120 --> 0:14:50.880 we had not been insured, and this was right before 0:14:50.880 --> 0:14:53.440 we were firing too, if we would not have been insured, 0:14:54.520 --> 0:14:57.840 there would have been a huge impact on our wealth. 0:14:58.080 --> 0:15:00.520 And so I think, you know, a lot of people 0:15:00.960 --> 0:15:04.000 when they're younger, they want to hope for the best. 0:15:04.040 --> 0:15:06.160 They think they're healthy. You know, they don't need to 0:15:06.160 --> 0:15:09.000 be insured because nothing's going to happen. But even here, 0:15:09.120 --> 0:15:12.120 COVID is a great example of things that can happen 0:15:12.160 --> 0:15:14.760 that are unpredictable, and so you have to make sure 0:15:14.800 --> 0:15:15.880 you're properly insured. 0:15:16.320 --> 0:15:16.800 We have. 0:15:16.880 --> 0:15:18.880 We mentioned the fact that y'all live in Portugal, yet 0:15:18.880 --> 0:15:21.680 can we just reiterate that a y'all didn't just quit 0:15:21.720 --> 0:15:24.680 your jobs and you know, kick back in the US. 0:15:24.720 --> 0:15:27.880 You were like, no, let's take on a whole new country, Portugal. 0:15:28.240 --> 0:15:30.480 Talk to me about especially when it comes to healthcare. 0:15:30.680 --> 0:15:33.320 I've watched this video already on your YouTube channel. I've 0:15:33.320 --> 0:15:35.120 watched them all, so I'm just trying to pretend like 0:15:35.160 --> 0:15:36.920 I haven't been stocking y'all for the past three weeks. 0:15:36.960 --> 0:15:39.280 But anyway, talk about the cost of health care in 0:15:39.320 --> 0:15:42.200 Portugal and do you think that you could like, was 0:15:43.000 --> 0:15:45.400 Portugal the key element of why you were able to 0:15:45.480 --> 0:15:47.560 retire early because of the lower cost of living? I 0:15:47.600 --> 0:15:49.360 don't even know if there is a lower cost of living, 0:15:49.400 --> 0:15:51.440 But do you think you would have been able to 0:15:51.480 --> 0:15:53.520 retire early in the US or do you decide to 0:15:53.520 --> 0:15:57.080 go out of the country for those financial reasons? And yeah, 0:15:57.200 --> 0:15:59.840 to Tiffany's question about health care costs, how are you 0:16:00.440 --> 0:16:02.600 covering your healthcare while in Lisbon? 0:16:02.840 --> 0:16:06.320 Yeah, so I'll go back to kind of when we 0:16:06.320 --> 0:16:09.400 were first calculating our financial independence number, we based it 0:16:09.480 --> 0:16:12.760 off of the location that we planned on retiring in. 0:16:13.120 --> 0:16:16.600 And when we did that calculation, we had identified a 0:16:16.640 --> 0:16:19.800 couple of different numbers based off of different areas in 0:16:19.800 --> 0:16:22.280 the world that we were interested in, but we had 0:16:22.480 --> 0:16:24.560 one big number that was based off of retiring in 0:16:24.600 --> 0:16:27.880 the San Francisco Bay Area because that's our hometown and 0:16:28.280 --> 0:16:30.160 we know that our children may eventually want to go 0:16:30.240 --> 0:16:32.760 back to the US, and so we wanted to base 0:16:32.760 --> 0:16:35.560 our number off of the highest number, and as a 0:16:35.560 --> 0:16:38.920 part of that number definitely included healthcare. And I remember 0:16:39.400 --> 0:16:41.920 looking at healthcare plans, and that's one of the things 0:16:41.960 --> 0:16:46.280 that I think holds people back from leaving their jobs, 0:16:46.360 --> 0:16:51.360 especially government employees, is the good healthcare. And so for us, 0:16:51.840 --> 0:16:55.840 we had to break from those golden handcuffs by including 0:16:55.880 --> 0:16:59.960 the cost of healthcare in the US and our fire number. 0:17:00.600 --> 0:17:04.640 And so we you know, we did that. But while 0:17:04.640 --> 0:17:07.280 we were on our journey, we stayed the course, even 0:17:07.280 --> 0:17:09.160 though we could have left a lot earlier and moved 0:17:09.160 --> 0:17:11.480 to a lower cost of living area. We met our 0:17:11.520 --> 0:17:13.879 San Francisco Bay Area number, but in the end, we 0:17:13.960 --> 0:17:17.200 chose we chose Lisbon, and it has been a pleasant 0:17:17.200 --> 0:17:21.000 surprise as far as the cost of healthcare because for 0:17:21.119 --> 0:17:23.680 our family of four, our health care is less than 0:17:23.680 --> 0:17:25.600 two thousand dollars a year. 0:17:26.119 --> 0:17:29.320 A year, yes, isn't that crazy? 0:17:29.359 --> 0:17:33.439 In California it would have been a month, right, like a. 0:17:35.040 --> 0:17:35.760 You know families. 0:17:36.119 --> 0:17:37.960 Yeah, hey, let me tell you this though. It's like 0:17:38.240 --> 0:17:41.359 we have been to the hospitals here already too. It's 0:17:41.440 --> 0:17:44.440 like we've gone for the girls have asthma, so they've 0:17:44.440 --> 0:17:46.480 had the minor asthma things that we have to go 0:17:46.520 --> 0:17:49.840 get treated at the hospital. We've even had dental work. 0:17:49.880 --> 0:17:52.440 Actually a mon was at the dentist earlier. Today Sanoa 0:17:52.480 --> 0:17:54.320 has braces. 0:17:53.880 --> 0:17:55.840 But I might get me some braces just because. 0:18:00.080 --> 0:18:03.160 But you know, we have had such an incredible experience 0:18:03.160 --> 0:18:04.040 with the healthcare here. 0:18:04.080 --> 0:18:06.880 I mean there's nothing. We don't have any language barriers. 0:18:07.040 --> 0:18:09.360 When we go to speak to the doctors, to the nurses, 0:18:09.480 --> 0:18:12.440 to the staff, everything is so smooth and we just 0:18:12.480 --> 0:18:15.280 show them our card and sometimes we have a very 0:18:15.320 --> 0:18:17.760 small copay and other times it's like, oh, we don't 0:18:17.760 --> 0:18:19.760 have anything at all. Just you walk in and you 0:18:19.800 --> 0:18:21.840 walk out. It is so simple. 0:18:21.960 --> 0:18:29.159 Yes, wow, Like my husband works for the Mandy your 0:18:29.200 --> 0:18:31.640 husband works for the city, right, and so does mine 0:18:32.480 --> 0:18:33.080 and that. 0:18:33.160 --> 0:18:35.680 Insurance for the federal government. Yeah. 0:18:35.760 --> 0:18:38.399 So, and my husband works for the state. Well, he 0:18:38.480 --> 0:18:40.639 works for the city, but his pension and everything is 0:18:40.680 --> 0:18:43.760 through his state. And that's been the thing that's been 0:18:43.840 --> 0:18:47.360 like holding like a pension necessarily us because yes, well 0:18:47.359 --> 0:18:49.480 it's not the pension honestly, because I could get like, 0:18:49.560 --> 0:18:52.159 you know, we make more than enough that I'm not 0:18:52.160 --> 0:18:55.159 worried about that the pension payout. It's more so his 0:18:55.280 --> 0:18:59.000 insurance is so amazing, especially in the United States, especially 0:18:59.040 --> 0:19:01.560 in the East Coast, because I live in Jersey and 0:19:02.200 --> 0:19:04.560 it's like, eh, he would love to leave any day now, 0:19:04.600 --> 0:19:06.720 but he's got about five more years. And it's like 0:19:06.800 --> 0:19:09.960 the cost of health insurance the United States, it's so 0:19:10.080 --> 0:19:12.080 much so that it's like, bruh, when. 0:19:11.960 --> 0:19:13.399 Need to take that with us? Because you could take 0:19:13.400 --> 0:19:15.199 it with you. So I totally get it. 0:19:15.200 --> 0:19:17.520 And yeah, but you know, I don't I wouldn't mind 0:19:17.560 --> 0:19:19.440 moving to Portugal, but I know he wouldn't want to 0:19:19.480 --> 0:19:19.679 do that. 0:19:20.440 --> 0:19:22.840 But yeah, I know so many people have seen our 0:19:22.920 --> 0:19:27.119 channel and we have videos on Portugal now and everyone's like, 0:19:27.320 --> 0:19:27.800 I never. 0:19:27.640 --> 0:19:28.880 Even thought about Portugal. 0:19:28.960 --> 0:19:30.919 Now Portugal is at the top of my list and 0:19:30.960 --> 0:19:34.639 we're like man, Portugal is amazing. It's like this hidden 0:19:34.720 --> 0:19:37.480 secret and it's not so hidden anymore. I think more 0:19:37.520 --> 0:19:40.879 and more people are finding out about it. But just 0:19:41.520 --> 0:19:45.280 I mean the healthcare alone is something to think about 0:19:45.400 --> 0:19:49.480 because just moving here and having the lifestyle or the 0:19:49.520 --> 0:19:53.359 pace that they have here in Portugal, it's just amazing. 0:19:53.840 --> 0:19:56.359 Well, talk to me about the key for me is 0:19:56.520 --> 0:19:59.280 I mean healthcare. And it's fascinating to hear what you 0:19:59.280 --> 0:20:01.919 guys are spending on healthcare and Portugal versus the US. 0:20:02.240 --> 0:20:04.439 But let's go back again to the early days. What 0:20:04.520 --> 0:20:07.199 were some of the and so when you described how 0:20:07.280 --> 0:20:09.360 y'all were saving back then, I think that really resonates 0:20:09.400 --> 0:20:11.880 with me because that's what I had been doing since 0:20:11.920 --> 0:20:14.160 in my early twenties, saving that ten to fifteen percent 0:20:14.200 --> 0:20:16.159 and my four oh one K and feeling very smart 0:20:16.160 --> 0:20:18.840 about it. But what was the first step y'all took 0:20:18.880 --> 0:20:21.840 to ratchet up your investments? How did you start investing? 0:20:22.119 --> 0:20:24.760 Did you just max out your four one ks? When 0:20:24.800 --> 0:20:26.800 you max them out? Where did you go from there? 0:20:27.119 --> 0:20:29.639 Can you walk us through like laddering up your investments 0:20:29.680 --> 0:20:32.240 and build and really what it took to build and 0:20:32.280 --> 0:20:34.080 grow your wealth in your thirties. 0:20:34.080 --> 0:20:39.200 Oh certainly. So you know, it started with having our 0:20:39.320 --> 0:20:42.280 fire number in place, and then so with that number, 0:20:42.400 --> 0:20:44.800 we were able to kind of figure out what we 0:20:44.880 --> 0:20:49.119 needed to get to as far as a savings rate 0:20:49.160 --> 0:20:50.960 in order to retire in ten years based off of 0:20:51.000 --> 0:20:54.679 the returns in the market or our returns in real estate. 0:20:55.240 --> 0:20:58.479 So with that number in mind, we just tried to 0:20:59.400 --> 0:21:02.400 get our safe rate up, and I'll say that our 0:21:02.480 --> 0:21:05.359 savings rate by the end was as high as seventy percent. 0:21:06.040 --> 0:21:08.720 So we went from saving ten to fifteen all the 0:21:08.760 --> 0:21:11.640 way up to seventy percent. But we didn't do it overnight. 0:21:12.119 --> 0:21:15.080 We just got one percent better as much as we 0:21:15.080 --> 0:21:17.800 could and as soon as we could. So, you know, 0:21:17.880 --> 0:21:21.320 if we just were able to lower our bills and 0:21:21.400 --> 0:21:25.480 increase our salary, and then that gap grew our savings rate. 0:21:25.840 --> 0:21:29.400 And so with that additional money that we were saving 0:21:29.560 --> 0:21:33.679 and making, we were prioritizing our investments. And we have 0:21:33.800 --> 0:21:37.600 something called a pay yourself first budget, but it's really 0:21:37.640 --> 0:21:41.680 heavy on paying yourself into your investment accounts. And so 0:21:41.760 --> 0:21:45.800 we started with our tax advantage accounts first and putting 0:21:45.800 --> 0:21:48.199 as much money into those accounts because those are the 0:21:48.240 --> 0:21:52.879 real accounts that you can really see wealth growth in 0:21:53.800 --> 0:21:56.679 because of all the tax incentives and tax advantages, and 0:21:56.760 --> 0:21:59.280 so that was a big priority was maxing out our 0:21:59.280 --> 0:22:00.320 tax advantage counts. 0:22:00.720 --> 0:22:03.639 Now you're talking about your four oh one KR. I 0:22:03.680 --> 0:22:07.520 know you guys use an HSA, what have tax advantaged accounts? 0:22:07.880 --> 0:22:12.800 So we talk about the basically the four accounts that 0:22:12.880 --> 0:22:16.119 we call the four pillars of fire. For us was 0:22:16.160 --> 0:22:19.280 the four oh one K, the HSA, and the roth IRA. 0:22:19.760 --> 0:22:23.840 So maxing those out at a minimum was really big 0:22:23.880 --> 0:22:28.520 for us. And then after that we moved to basically 0:22:28.520 --> 0:22:32.800 a regular brokerage account, so just investing in Vanguard and 0:22:32.840 --> 0:22:37.399 investing in low cost ETFs and index funds at the 0:22:37.440 --> 0:22:41.360 same time that we were also investing in the stock market. 0:22:41.680 --> 0:22:44.200 We had read all of these books on real estate 0:22:44.240 --> 0:22:46.760 investing and really type people to read something and then 0:22:46.960 --> 0:22:48.919 to take action with it. So we had gotten all 0:22:48.920 --> 0:22:51.239 the real estate concepts down as much as we were 0:22:51.240 --> 0:22:53.320 going to get them down, and then we went to work. 0:22:53.800 --> 0:22:56.760 So we took an FHA loan and we bought our 0:22:56.840 --> 0:22:59.000 first house in the San Fransco b area with three 0:22:59.000 --> 0:23:01.159 percent down and it was it was it was a 0:23:01.160 --> 0:23:03.159 fixer upper, and we did something called a live and 0:23:03.200 --> 0:23:05.680 flip where we lived in the house, fixed it up, 0:23:06.000 --> 0:23:08.240 got equity in that home, and then use that equity 0:23:08.560 --> 0:23:12.400 to buy other properties and with an FHA loan. That's 0:23:12.520 --> 0:23:14.960 the that's the best way for someone to get started 0:23:15.240 --> 0:23:17.200 in real estate is doing something like a live and 0:23:17.240 --> 0:23:19.680 flip because after you've lived in that home for three years, 0:23:20.000 --> 0:23:23.399 you can sell that home and keep one hundred percent 0:23:23.480 --> 0:23:26.159 of your profits up to a certain amount depending on 0:23:26.160 --> 0:23:28.760 if you're married or single. And so that was that 0:23:28.840 --> 0:23:30.440 was a big game changer for us as well. 0:23:31.119 --> 0:23:33.560 So I think, really, you know, there's there's different ways 0:23:33.600 --> 0:23:36.840 that you can reach financial independence or financial independence and 0:23:36.840 --> 0:23:37.400 retire early. 0:23:37.480 --> 0:23:41.200 So you could do it through investing in the stock market. 0:23:41.400 --> 0:23:43.520 So in the stock market, you know, if that is 0:23:43.880 --> 0:23:47.520 someone's plan, then they absolutely want to make sure that 0:23:47.560 --> 0:23:51.040 they're maxing out their tax advantage accounts first, because then 0:23:51.080 --> 0:23:53.560 you're protecting more of your money from it being taken 0:23:53.600 --> 0:23:56.199 away by taxes, and by protecting it more, then you 0:23:56.240 --> 0:23:58.640 can allow it to grow more. So the idea though 0:23:58.760 --> 0:24:00.560 is that you have to max out that account, but 0:24:00.600 --> 0:24:02.680 you have to go beyond that. So once you max 0:24:02.720 --> 0:24:05.280 out your tax advantage accounts, then the idea is that 0:24:05.320 --> 0:24:07.879 you open up a traditional brokerage account and you start 0:24:07.880 --> 0:24:10.960 throwing money that there as well. So there's one way 0:24:11.040 --> 0:24:13.800 to reach financial independence. But then the other way is 0:24:13.840 --> 0:24:17.600 also through real estate. If you want to start investing 0:24:17.680 --> 0:24:21.240 in real estate and putting money into different real estate 0:24:22.320 --> 0:24:26.920 real estate properties and creating rentals and creating rental income, 0:24:27.000 --> 0:24:29.199 that is another way. Or you can just invest in 0:24:29.240 --> 0:24:31.000 real estate and do like what a mon said is 0:24:31.040 --> 0:24:34.800 basically flipping the properties and then eventually selling them and 0:24:34.840 --> 0:24:37.040 taking the profit from that. Or you can do a 0:24:37.040 --> 0:24:41.040 combination of real estate and investing in the stock market. 0:24:41.320 --> 0:24:44.240 But it all comes down really to these fundamental pieces. 0:24:44.280 --> 0:24:47.680 When you're pursuing fire, is that the idea is that 0:24:47.960 --> 0:24:50.800 somehow you have to find ways to try and make 0:24:50.840 --> 0:24:54.880 more money. And it can be through getting a more 0:24:54.920 --> 0:24:57.000 money through your salary, or it can be doing different 0:24:57.040 --> 0:24:59.320 side hustles, but then it's saving more money and then 0:24:59.359 --> 0:25:01.760 it's focusing on that investment piece as well. 0:25:02.119 --> 0:25:05.520 Y'all side hustles. Literally, I get so many giggles out 0:25:05.560 --> 0:25:09.359 of hearing about how you guys found creative ways to 0:25:09.359 --> 0:25:10.920 build wealth. First of all, I'm like, where do you 0:25:10.960 --> 0:25:13.680 get the energy with two bait like two little girls, 0:25:13.800 --> 0:25:16.840 and y'all are like what building furniture out of wine 0:25:16.880 --> 0:25:23.240 crates and digging through ikeias reduced like returns bins and 0:25:23.280 --> 0:25:26.720 like selling flipping furniture online. Talk about how y'all brought 0:25:26.720 --> 0:25:29.240 in extra money and like what was the most meaningful 0:25:29.280 --> 0:25:31.840 source of extra income y'all created? 0:25:32.240 --> 0:25:34.640 You know, we always talk about this because looking back 0:25:34.680 --> 0:25:36.639 on it, we laugh about some of the things that 0:25:36.680 --> 0:25:39.680 we did. But for us, it's weird. When you're on 0:25:39.760 --> 0:25:45.720 this journey, it's like your mind like produces income out 0:25:45.920 --> 0:25:48.280 out of nowhere. There's literally money in the streets and 0:25:48.320 --> 0:25:50.840 you just have to go pick it up. So, actually, 0:25:50.840 --> 0:25:52.920 someone sent us a message today because one of our 0:25:53.040 --> 0:25:58.399 side hustles was we had Christina was writing tooth fairy 0:25:58.520 --> 0:26:01.280 letters on Etsy did an Etsy store. 0:26:01.560 --> 0:26:02.679 And it was my favorite. 0:26:03.040 --> 0:26:05.480 It was like it was it was so funny and 0:26:05.520 --> 0:26:07.080 when she when she came up with this idea, I 0:26:07.119 --> 0:26:09.640 was like, people really people really buying letters like that, 0:26:09.640 --> 0:26:10.679 they're families that do that. 0:26:11.359 --> 0:26:11.520 Yeah. 0:26:11.600 --> 0:26:14.359 But but someone actually reached out to reached out to 0:26:14.440 --> 0:26:17.439 us today, which is so funny, asking us about, you know, 0:26:17.480 --> 0:26:19.160 the details of it, how do you do it? How 0:26:19.160 --> 0:26:21.120 are you sending it out? Are you sending it out 0:26:21.160 --> 0:26:23.199 already pre packaged? Do you send it out to the 0:26:23.200 --> 0:26:25.200 parent or to the child? So it was so interesting 0:26:25.200 --> 0:26:28.040 because you know, people are interested in finding these new 0:26:28.040 --> 0:26:30.280 ways to make money, and so I just thought, you know, 0:26:30.359 --> 0:26:33.120 this is a creative thing. But like you said, we 0:26:33.119 --> 0:26:36.480 we uh, we're not too shy to go dumpster diving. 0:26:36.560 --> 0:26:38.720 We did that at one point, and I'll tell you 0:26:38.760 --> 0:26:42.800 the specific specifics of that. We were driving around in Oakland, 0:26:43.440 --> 0:26:45.679 which is in the San Francisco Bay area, and we 0:26:45.880 --> 0:26:49.600 drove past this huge dumpster and it had all of 0:26:49.640 --> 0:26:52.720 these I don't guess, not brand new wine crates, but 0:26:52.720 --> 0:26:55.119 it had all of these wine crates in them, and 0:26:55.160 --> 0:26:56.240 they were so beautiful. 0:26:56.240 --> 0:26:58.520 It's like these wine boxes. 0:26:58.600 --> 0:27:01.399 Yes, And there was a liquor store that had dumped 0:27:01.400 --> 0:27:04.840 them all out into this garb, into this dumpster getting 0:27:04.920 --> 0:27:06.960 rid of them. And we went into the to the 0:27:07.000 --> 0:27:08.960 liquor store and we said, are you dumping these? Are 0:27:08.960 --> 0:27:10.120 you you don't want these? 0:27:10.359 --> 0:27:12.359 Can we have them? And so they said yes. 0:27:12.720 --> 0:27:16.800 So we filled up our car with so many wine 0:27:16.800 --> 0:27:18.840 boxes and then we took them home. In our garage 0:27:18.960 --> 0:27:21.840 was just piled full of wine boxes and we ended 0:27:21.920 --> 0:27:24.520 up selling those. We got them for free, and we 0:27:24.640 --> 0:27:27.679 ended up selling them on like Facebook and Craigslist, and 0:27:27.800 --> 0:27:30.560 people were just it was so easy to sell because 0:27:30.600 --> 0:27:33.280 people thought they were really beautiful wine boxes and they 0:27:33.280 --> 0:27:35.600 couldn't find them anywhere, and people were willing to pay 0:27:35.680 --> 0:27:36.119 us for that. 0:27:36.680 --> 0:27:36.920 Yeah. 0:27:36.920 --> 0:27:39.160 I was like a bougie, broke hipster ten years ago 0:27:39.320 --> 0:27:42.000 living in Queens with my boyfriend at the time, my husband. Now, 0:27:42.359 --> 0:27:44.600 we were the dumb dumbs. Not the dumb dumbs. We 0:27:44.600 --> 0:27:47.240 were the ones buying wine, trying to find wine crates 0:27:47.240 --> 0:27:50.399 on Craigslist and begging liquor stores to give them to us. 0:27:50.480 --> 0:27:53.600 Y'all stumbled upon a little jackpot right there. I was like, oh, 0:27:53.600 --> 0:27:54.199 I would love that. 0:27:54.960 --> 0:27:55.560 Yeah, we did that. 0:27:55.640 --> 0:27:57.959 I mean we also, like Aman said, we had flipped 0:27:57.960 --> 0:28:01.520 our properties. So one of the things we found at Ikea, 0:28:01.800 --> 0:28:03.840 which is I feel like Ikea is everywhere. I mean 0:28:03.880 --> 0:28:07.160 there's even an Ikea. There's like five Ikeas in Portugal here, 0:28:07.200 --> 0:28:10.639 but in Ikea they have this as is section. So 0:28:10.720 --> 0:28:13.280 that was another one of our side hustles. We discovered this. 0:28:13.880 --> 0:28:16.000 I'm not saying like we're the only ones who've discovered it. 0:28:16.040 --> 0:28:20.320 But we discovered that you can buy these items in 0:28:20.359 --> 0:28:23.360 the as is section and they're anywhere. 0:28:23.359 --> 0:28:26.280 I mean, you can get things for ninety percent off, yes, 0:28:26.359 --> 0:28:27.960 up to ninety percent off, or. 0:28:27.880 --> 0:28:30.560 If they're you know, if they're no longer having a 0:28:30.600 --> 0:28:34.680 certain product, like an entire fridge or entire kitchen display, 0:28:35.000 --> 0:28:37.320 you can get for up to ninety percent off. So 0:28:37.440 --> 0:28:41.240 we started buying these really nice items in Ikea and 0:28:41.280 --> 0:28:42.479 reselling those all set. 0:28:42.600 --> 0:28:45.320 Yes, but we had a niche. How our niche was kitchen. 0:28:46.040 --> 0:28:49.440 It was basically like kitchen construction material, so the cabinets, 0:28:49.480 --> 0:28:53.480 the countertops, refrigerators, hoods, all of these different things. When 0:28:53.480 --> 0:28:57.280 Ikea changes out its kitchens in the showroom, they would 0:28:57.520 --> 0:29:00.360 put their entire kitchen down into the as is section 0:29:00.720 --> 0:29:04.000 and we'd be waiting for it, pick it right up. 0:29:04.040 --> 0:29:06.360 It was ninety percent off and you can resell this 0:29:06.440 --> 0:29:10.480 stuff and make a lot of money. Were my kids 0:29:10.520 --> 0:29:12.320 hate Ikea now because I was taking them in there 0:29:12.320 --> 0:29:15.720 all the time. And this is a side thing, but 0:29:15.800 --> 0:29:19.120 every Wednesday, kids eat free at Ikea, so we were 0:29:19.120 --> 0:29:20.000 there every Wednesday. 0:29:20.640 --> 0:29:24.200 They're probably sick of those meatballs, but I know I 0:29:24.280 --> 0:29:26.760 lived up that furnished my whole first apartment was the 0:29:26.840 --> 0:29:27.960 Ikea as a section. 0:29:28.680 --> 0:29:30.520 I was like, oh no, we will have cute things, 0:29:30.520 --> 0:29:31.680 but cute things on a budget. 0:29:31.720 --> 0:29:34.320 So I feel, you I never thought about this. I 0:29:34.320 --> 0:29:36.640 am a victim of lifestyle creep. I'll fess up to it. 0:29:36.800 --> 0:29:39.600 We bought our house and it was West Elm all 0:29:39.600 --> 0:29:44.520 the way y'all, And I feel foolish, but it's true. 0:29:44.560 --> 0:29:46.840 We did West Elm and like Creighton Barrel, you want 0:29:46.840 --> 0:29:50.400 to have nice stuff. And I always considered myself to 0:29:50.480 --> 0:29:53.400 be you know, I mean, I've been doing personal finance 0:29:53.400 --> 0:29:55.280 for over a decade and you know, I know better. 0:29:55.640 --> 0:29:59.080 But the allure of just being comfortable and having nice things, 0:29:59.160 --> 0:30:02.440 especially for Pea people who you know, for me personally, 0:30:02.520 --> 0:30:04.880 coming from family, we weren't like super poor, but we 0:30:04.880 --> 0:30:07.440 didn't have like really nice stuff. And you know, you 0:30:07.560 --> 0:30:10.440 want to, you want to like enjoy the fruits of 0:30:10.520 --> 0:30:13.920 your your hard work, and that felt like a way 0:30:14.000 --> 0:30:17.680 of acknowledging the hard work and about you know, investing 0:30:17.680 --> 0:30:21.560 in our own comfort. But I'm a little surprised, you know, 0:30:21.720 --> 0:30:24.600 two years out from that renovation, where I'm thinking, you know, 0:30:24.800 --> 0:30:27.560 was that the best way to celebrate our you know, 0:30:27.760 --> 0:30:32.040 our success, like giving another company all this money, you know, 0:30:32.160 --> 0:30:35.400 like there's probably other ways. So I'm I'm thinking so 0:30:35.520 --> 0:30:37.320 much about some of the choices I've made and how 0:30:37.320 --> 0:30:41.280 emotions play into that, you know, especially as you're starting 0:30:41.320 --> 0:30:44.280 to build and build a family and earn more in 0:30:44.280 --> 0:30:44.800 your thirties. 0:30:44.840 --> 0:30:48.280 Like y'all said, yeah, I know, I think definitely there's 0:30:48.320 --> 0:30:51.120 this idea that and Aman and I talk about it 0:30:51.160 --> 0:30:54.800 a lot. Actually, it's like you can make short term 0:30:54.960 --> 0:30:57.240 sacrifices for long term gains. 0:30:57.400 --> 0:30:59.080 And that's really how we thought about it. 0:30:59.120 --> 0:31:01.840 When we're thinking about or even if you're thinking about 0:31:01.920 --> 0:31:02.560 how much it. 0:31:02.560 --> 0:31:04.160 Costs to do X, Y or z. 0:31:04.560 --> 0:31:07.880 Converting that into hours of work, right, it's like, would 0:31:07.880 --> 0:31:09.840 you put that many hours of work so that you 0:31:09.840 --> 0:31:11.840 could have this or so that you could do something 0:31:11.960 --> 0:31:15.200 or do that. And so that's an interesting way to 0:31:15.320 --> 0:31:18.240 start to think about it. But also realizing, you know, 0:31:18.320 --> 0:31:20.200 what is in your future, what do you look for, 0:31:20.520 --> 0:31:23.520 what do you look forward to the most in the future, 0:31:24.040 --> 0:31:27.160 and really thinking about it at that way, thinking that 0:31:27.520 --> 0:31:29.760 you know, if I if I maybe don't spend my 0:31:29.840 --> 0:31:32.120 money in this area, or if I cut back in 0:31:32.200 --> 0:31:35.840 this area, it may be a little hard initially, but 0:31:35.920 --> 0:31:38.800 if you're looking at the long term results, what you 0:31:38.840 --> 0:31:42.200 can get in return for maybe not buying the big 0:31:42.280 --> 0:31:45.160 TV or the new car or something like that, then 0:31:45.200 --> 0:31:49.520 you can start really pursuing fire in a meaningful way 0:31:49.520 --> 0:31:53.000 where you're really focused on cutting out expenses, not buying 0:31:53.000 --> 0:31:55.520 big expenses, and really trying to make more in funnel 0:31:55.520 --> 0:31:57.080 it towards your investments. 0:31:57.680 --> 0:32:00.440 Y'all didn't just focus on cutting cutting cutting it expenses. 0:32:00.520 --> 0:32:04.040 Y'all still took time and you invested in experiences that 0:32:04.080 --> 0:32:06.280 meant a lot to y'all. Could you talk about how 0:32:06.320 --> 0:32:09.560 you balanced experiences and things that you would continue to 0:32:09.600 --> 0:32:12.680 splurge on and then balance that with your mission to 0:32:12.680 --> 0:32:13.720 save as much as you could. 0:32:14.360 --> 0:32:18.800 Yeah, I would say one of our biggest expenses in 0:32:18.920 --> 0:32:20.920 terms of what we cut that we really wanted to 0:32:20.960 --> 0:32:23.320 do that we're able to figure it out was traveling. 0:32:23.560 --> 0:32:28.120 Like we lived in Spain, we lived in Japan, we 0:32:28.200 --> 0:32:29.520 now live in Portugal. 0:32:29.880 --> 0:32:33.160 We traveled to Hawaii a lot. Among's brother lives in Hawaii, so. 0:32:33.280 --> 0:32:36.680 We were definitely a huge travel family and that was 0:32:36.880 --> 0:32:38.920 very important to us and we really didn't want to 0:32:38.960 --> 0:32:41.520 give that up. But it can be expensive for a 0:32:41.520 --> 0:32:45.719 family of four traveling abroad all the time or Hawaii. 0:32:45.200 --> 0:32:46.680 And making these trips. 0:32:46.800 --> 0:32:50.360 And so we figured out travel hacking where we would 0:32:50.440 --> 0:32:54.600 take out credit cards and we would use the bonus 0:32:54.640 --> 0:32:57.160 points for the credit cards by taking them out, and 0:32:57.200 --> 0:33:01.240 we would use them for hotel stays and for airfare, 0:33:01.360 --> 0:33:04.400 and we were able to start traveling for free. Now 0:33:04.440 --> 0:33:07.920 I would say though that this this travel hacking concept 0:33:08.080 --> 0:33:10.840 is absolutely not for everyone. I mean, you have to 0:33:10.920 --> 0:33:13.440 understand how credit works. You have to start off with 0:33:13.520 --> 0:33:15.880 good credit and maintain good credit, and don't go in 0:33:15.920 --> 0:33:18.520 this rabbit hole where you're just trying to spend money 0:33:18.520 --> 0:33:20.959 on your credit card so that you can get the points. 0:33:20.960 --> 0:33:23.360 It doesn't work like that. There's a it's a bit 0:33:23.400 --> 0:33:26.440 more nuanced than that. So it's not for everyone, but 0:33:26.520 --> 0:33:29.560 for us. For Aman and I, we had excellent credit. 0:33:30.040 --> 0:33:32.440 We never had any debt on our credit cards. We 0:33:32.520 --> 0:33:35.960 always paid our credit card off in full every single month, 0:33:36.400 --> 0:33:39.320 and so by figuring out travel hacking, we were able 0:33:39.360 --> 0:33:43.120 to continue to travel the world and still enjoy all 0:33:43.160 --> 0:33:44.960 of the different things we could by traveling, but we 0:33:45.000 --> 0:33:46.080 got to do it for free. 0:33:46.360 --> 0:33:48.280 Oh yeah, tip and I love to talk about what 0:33:49.360 --> 0:33:51.880 how to not you know, fall into that, to that 0:33:52.080 --> 0:33:54.680 black hole of credit card spending just to get some points. 0:33:55.000 --> 0:33:55.200 Yeah. 0:33:55.200 --> 0:33:59.280 Absolutely, So the struggle that I have is not it's 0:33:59.320 --> 0:34:02.959 not the living for got that you know. And so 0:34:03.120 --> 0:34:06.960 but did you ever feel like are we over sacrificing 0:34:07.040 --> 0:34:10.600 because that is something that I struggle with that I 0:34:10.800 --> 0:34:14.799 sometimes struggle with the enjoying on the other side. And 0:34:14.880 --> 0:34:16.520 so do you ever feel like, you know, you were 0:34:16.520 --> 0:34:20.359 over sacrificing And if so, how did you manage that 0:34:20.760 --> 0:34:22.480 or if not, how did you avoid that? 0:34:23.360 --> 0:34:23.640 Yeah? 0:34:23.680 --> 0:34:25.719 I think that for us, we didn't feel like we 0:34:25.719 --> 0:34:29.319 were over sacrificing because we built in things on our 0:34:29.400 --> 0:34:31.480 journey so that we could enjoy things. So, like I said, 0:34:31.480 --> 0:34:33.880 we did traveling. We traveled quite a lot, and we 0:34:34.000 --> 0:34:36.319 also this is something that we didn't save any money on, 0:34:36.480 --> 0:34:39.440 but we still did it. We're from the We're from Oakland, 0:34:39.440 --> 0:34:42.000 like I said, and we went to a lot of 0:34:42.040 --> 0:34:44.839 warrior games and we didn't get the nosebleed seats. We 0:34:44.840 --> 0:34:47.120 were sitting you know, I wouldn't say on the floor, 0:34:47.120 --> 0:34:50.359 but maybe five rows back off of the floor. So 0:34:50.680 --> 0:34:52.840 that was one of the expenses that we splurged on 0:34:52.920 --> 0:34:55.800 when we were in Oakland. But I like to tell 0:34:55.840 --> 0:35:00.480 people a lot that you should you should enjoy the journey. 0:35:00.560 --> 0:35:05.279 You should enjoy your journey towards fire, because sometimes it's 0:35:05.360 --> 0:35:08.680 not all just about that destination of being able to retire. 0:35:08.760 --> 0:35:12.240 Right If you're miserable on your journey, you're not spending 0:35:12.239 --> 0:35:17.319 a single time doing anything. You are are you know, 0:35:17.440 --> 0:35:19.680 not going out with your friends, or you're not doing 0:35:19.719 --> 0:35:23.080 anything with anyone your family members. It's a miserable journey 0:35:23.080 --> 0:35:26.480 and it's not sustainable. So you have to you have 0:35:26.560 --> 0:35:29.000 to figure out what the right balance is for you. 0:35:29.280 --> 0:35:31.000 So we're not I wouldn't. 0:35:30.640 --> 0:35:34.560 Encourage everyone to just you know, count every single penny 0:35:34.719 --> 0:35:39.120 and live in a way where they're just not able 0:35:39.160 --> 0:35:40.320 to enjoy anything. 0:35:40.560 --> 0:35:42.279 Yeah, And I think this is a this is a 0:35:42.320 --> 0:35:45.840 misconception about the Fire movement, is that the people that 0:35:45.880 --> 0:35:49.840 are on this journey are eating beans and sacrifice and 0:35:49.880 --> 0:35:52.239 they don't have cable or Netflix, you know, they don't 0:35:52.239 --> 0:35:56.839 go anywhere. That's that's absolutely not true. To do this, 0:35:57.200 --> 0:36:00.239 you have to just find creative ways to enjoy joy 0:36:00.280 --> 0:36:03.480 yourself and you have to figure out a way to 0:36:03.640 --> 0:36:06.080 make more money. That's the other side of the equation. 0:36:06.360 --> 0:36:07.120 Preach on it. 0:36:07.160 --> 0:36:10.160 Say it again that I wish the Fire movement talk 0:36:10.239 --> 0:36:12.200 more about is you have to get out there and 0:36:12.560 --> 0:36:14.920 if you're in your thirties, twenties, if you're forties, fifties, 0:36:15.040 --> 0:36:18.319 you have to get on the grind like pop would. 0:36:18.400 --> 0:36:20.839 People would say to us, how do you how are 0:36:20.880 --> 0:36:23.640 you able to do this with kids? You're in law school. 0:36:23.760 --> 0:36:26.359 It's like, we don't know anything else but this. So 0:36:26.680 --> 0:36:28.799 we didn't set a low bar. We set a high 0:36:28.800 --> 0:36:33.560 bar and that's all we knew. So for us, we 0:36:33.640 --> 0:36:37.839 don't define, you know, our journey in any particular way. 0:36:38.080 --> 0:36:40.120 It's just it is what it is. That's why we 0:36:40.400 --> 0:36:44.520 called our YouTube channel our Rich Journey, because this is 0:36:44.880 --> 0:36:47.879 this is how we live our life. When people find 0:36:47.920 --> 0:36:50.759 out what our budget is here in Portugal, we live 0:36:51.280 --> 0:36:52.400 pretty luxuriously. 0:36:52.719 --> 0:36:52.880 You know. 0:36:52.920 --> 0:36:56.120 We spend four thousand dollars a month here in Portugal. 0:36:56.719 --> 0:36:59.399 And you know, for some people they say, oh my god, 0:36:59.400 --> 0:37:02.200 that's too much, or some people say, oh that's not enough. 0:37:02.440 --> 0:37:05.520 But it's relative and I think anyone that's on this 0:37:05.600 --> 0:37:07.920 journey they have to figure out a way to do 0:37:07.960 --> 0:37:13.080 it relatively well so that they enjoy themselves. Someone reached 0:37:13.080 --> 0:37:15.600 out to me today and they said, you know, we're 0:37:15.600 --> 0:37:18.080 on this journey and we're wondering whether or not we 0:37:18.200 --> 0:37:22.600 should start to cut some of the activities for our children. 0:37:23.080 --> 0:37:27.280 And I immediately thought, no, why would you. No, don't 0:37:27.280 --> 0:37:30.920 do that. Don't sacrifice your child's childhood. You know, for 0:37:31.000 --> 0:37:34.960 this journey, figure out different ways to approach the problem, 0:37:35.320 --> 0:37:38.800 you know. So that's what we did on our journey. 0:37:38.840 --> 0:37:43.799 We would encounter a problem like childcare, like travel, like 0:37:44.000 --> 0:37:46.120 owning a home, and we would just figure out a 0:37:46.160 --> 0:37:49.400 way to get through the challenge or over or around it. 0:37:49.440 --> 0:37:51.600 But we never we never let it stop us. 0:37:52.040 --> 0:37:54.040 Yeah, I mean, your girls were in basketball, you said 0:37:54.000 --> 0:37:57.560 they'd do swimming, like you've never You've always encouraged those hobbies. 0:37:57.600 --> 0:38:01.280 I mean, now they're YouTube stars, so can they're too happy. 0:38:01.800 --> 0:38:04.160 But before we let y'all go, we have I really 0:38:04.200 --> 0:38:06.719 want to talk to y'all about your investing philosophy and 0:38:06.960 --> 0:38:09.680 how you are weathering because your investments are mostly still 0:38:09.719 --> 0:38:12.640 in the US, right, yes, so talk to us about 0:38:12.640 --> 0:38:14.520 because I know people listening right now. I mean, let's 0:38:14.560 --> 0:38:17.759 not let's let's not mince words here, like we are 0:38:17.920 --> 0:38:20.840 we're the US is being crippled by this current pandemic 0:38:20.840 --> 0:38:23.960 and economic crisis. I mean, we have what tens of 0:38:24.000 --> 0:38:26.600 millions of Americans out of work. My own father was 0:38:26.640 --> 0:38:29.719 has is still laid off. Congress can't get their act 0:38:29.719 --> 0:38:33.840 together with these stimulus checks and federal uh you know, 0:38:33.920 --> 0:38:36.640 unemployment benefits are are in limbo right now. So there's 0:38:36.680 --> 0:38:39.880 people out there who are truly, truly hurting, and even 0:38:40.280 --> 0:38:42.400 infant people who have been doing it quote unquote the 0:38:42.520 --> 0:38:44.360 right way and investing in their four one k have 0:38:44.440 --> 0:38:47.799 seen their four one ks you know, take dips this year. 0:38:48.239 --> 0:38:51.120 So y'all y'all have retired. What what do you say 0:38:51.200 --> 0:38:53.600 to people who are feeling like, oh shit, like is 0:38:53.640 --> 0:38:55.520 this the right time to be putting money in the market, 0:38:55.600 --> 0:38:58.759 and how like, how can we trust that things will 0:38:58.760 --> 0:39:02.200 work out? Talk to us about your approach to investing 0:39:02.360 --> 0:39:04.840 right now in this moment, you know, how you're weathering 0:39:04.880 --> 0:39:07.359 what's happening in the US, even though you're in Portugal now. 0:39:07.400 --> 0:39:09.920 And what do you say to people who are feeling 0:39:10.440 --> 0:39:13.600 a little gunshy about getting into the market now? 0:39:14.280 --> 0:39:16.759 Yeah, well, you know, that's a great question. And I 0:39:16.800 --> 0:39:21.600 always tell people this, don't invest money that you that 0:39:21.680 --> 0:39:24.320 you need to live off of. Every day. So before 0:39:24.360 --> 0:39:27.839 you even buy your first investment, you should have the 0:39:27.880 --> 0:39:30.680 fundamentals in place. You should have your credit paid down 0:39:31.000 --> 0:39:33.960 and emergency fund in place, and then you can start 0:39:34.160 --> 0:39:37.799 investing in the stock market. Because when you invest in 0:39:37.800 --> 0:39:40.680 the stock market, you shouldn't need that money in the 0:39:40.719 --> 0:39:43.200 next five to ten years. This is this is long 0:39:43.320 --> 0:39:47.200 term money. You shouldn't want this money for decades. So 0:39:47.800 --> 0:39:51.080 what's happening right now? It is. It is completely awful, 0:39:51.560 --> 0:39:54.320 you know, but if you have a plan in place, 0:39:54.920 --> 0:39:58.080 this should not distract you. If it's not taking away 0:39:58.080 --> 0:40:00.360 from your income, if you still have your come and 0:40:00.400 --> 0:40:02.840 you still have the ability to invest, you should be 0:40:02.880 --> 0:40:06.399 investing that money. Don't get don't get consumed by what's 0:40:06.400 --> 0:40:10.120 going on in the world. Yes you should should. You 0:40:10.160 --> 0:40:14.640 should definitely be involved in it socially and politically. But 0:40:14.719 --> 0:40:18.320 if you have your investments on cruise control, then money 0:40:18.440 --> 0:40:20.040 should be the least of your worries right now. You 0:40:20.040 --> 0:40:23.239 should just let that money ride. So I always say that, 0:40:23.560 --> 0:40:25.439 you know, once you have those fundamental things in place 0:40:25.480 --> 0:40:28.719 and you have your investments on cruise control, then you 0:40:28.760 --> 0:40:30.480 can focus on everyday life. 0:40:31.280 --> 0:40:34.000 Yeah, And I would also say, you know, when when 0:40:34.000 --> 0:40:37.640 you think about the stock market, it seems so backwards 0:40:37.680 --> 0:40:41.680 because when the stock market plummets, a lot of people 0:40:41.920 --> 0:40:46.000 are pulling their investments out because they're afraid that they're 0:40:46.040 --> 0:40:47.840 going to lose all of their money. 0:40:47.840 --> 0:40:49.759 So it's like, let me get let me get my 0:40:49.840 --> 0:40:50.560 investments out. 0:40:50.760 --> 0:40:52.640 I'm going to take the loss, but it's better than 0:40:53.360 --> 0:40:54.759 not having any money at all. 0:40:55.239 --> 0:40:56.920 And then then the. 0:40:56.880 --> 0:40:59.440 Stock market ultimately goes back up, and then if they 0:40:59.480 --> 0:41:01.560 would have just if their money in, they would have 0:41:01.760 --> 0:41:04.400 been better off in the long run. It's almost like 0:41:04.440 --> 0:41:07.480 you sort of have to go against the herd mentality 0:41:07.520 --> 0:41:11.759 when it comes to the stock market, because once you 0:41:12.280 --> 0:41:15.800 learn more about the stock market and understand the history 0:41:15.840 --> 0:41:17.839 of the stock market, and this is not to stay 0:41:17.920 --> 0:41:20.319 that the history of the stock market will predict the 0:41:20.360 --> 0:41:24.680 future of the stock market, but historically, since forever, the 0:41:24.719 --> 0:41:27.520 stock market has always ultimately gone up. 0:41:27.840 --> 0:41:29.000 And so when people are. 0:41:28.840 --> 0:41:31.359 Thinking, I don't know if I should invest right now 0:41:31.440 --> 0:41:34.239 because the stock market just dropped something like that, or 0:41:34.239 --> 0:41:36.280 maybe I should pull my money out because I'm losing 0:41:36.320 --> 0:41:38.200 money and I don't want to lose it all, the 0:41:38.280 --> 0:41:42.880 idea should really be if the stock market has historically 0:41:43.080 --> 0:41:47.399 always gone up. Then when the stock market goes down 0:41:47.640 --> 0:41:51.520 is an excellent time to invest. Is an excellent time 0:41:51.560 --> 0:41:54.920 if you have any money, to throw your money into 0:41:55.080 --> 0:41:57.840 the stock market when it's down, because when it ultimately 0:41:57.880 --> 0:42:02.279 goes up, then you are Then you're making money and 0:42:02.320 --> 0:42:03.440 you're getting a return on that. 0:42:03.520 --> 0:42:04.120 And the same thing. 0:42:04.160 --> 0:42:05.719 If your money is in there and you keep it 0:42:05.760 --> 0:42:08.520 in there rather than sell it and it ultimately goes up, 0:42:08.560 --> 0:42:10.959 then your stock market, your portfolio is worth more. 0:42:11.680 --> 0:42:14.359 But I think, Mandy, you want to know what we're 0:42:14.360 --> 0:42:17.800 doing right. You want to know how we're weathering this storm, 0:42:18.360 --> 0:42:21.520 and I think I think a lot of people have 0:42:22.239 --> 0:42:27.239 that question. But when we first started our plan, we 0:42:27.320 --> 0:42:33.759 devised a plan that involved front loading our investments into 0:42:34.719 --> 0:42:38.920 very aggressive index funds, so technology and total stock market 0:42:39.200 --> 0:42:41.400 index funds. And then as we got towards the latter 0:42:41.480 --> 0:42:44.279 half of our journey, we started to build up what's 0:42:44.280 --> 0:42:47.319 called the stock market Emergency Fund for dips like this 0:42:47.920 --> 0:42:52.359 that was over two years worth of living expenses in 0:42:52.440 --> 0:42:54.520 case the stock market were to drop and we would 0:42:54.520 --> 0:42:56.880 have to make that switch from not pulling from the 0:42:56.880 --> 0:42:58.960 stock market, because you don't want to pull from the 0:42:59.000 --> 0:43:01.960 stock market when to drop and instead pull from our 0:43:02.360 --> 0:43:06.120 stock market emergency fund. And so when March hit and 0:43:06.200 --> 0:43:10.480 the stock market crashed, we thought, okay, are we going 0:43:10.560 --> 0:43:14.160 to have to make that switch? But two three months later, 0:43:14.560 --> 0:43:18.440 the stock market has fully recovered. So this is this 0:43:18.719 --> 0:43:23.200 is the the I mean, this is the thing about investing. 0:43:23.600 --> 0:43:25.400 When you have a plan in place, you already know 0:43:25.440 --> 0:43:29.920 what to do before it happens. But what we've found 0:43:30.000 --> 0:43:32.920 is that we haven't had to even rely on some 0:43:32.960 --> 0:43:38.000 of those contingencies because the stock market has always recovered. 0:43:38.320 --> 0:43:42.319 And I always say this on our YouTube channel. You know, 0:43:42.680 --> 0:43:44.520 the stock market's going to go up and down, but 0:43:44.600 --> 0:43:47.320 in the end, it's going to go up. It always has. 0:43:47.920 --> 0:43:50.160 And I will say also, you know, just to piggyback 0:43:50.160 --> 0:43:52.399 off of what Aman said. With that crash in March 0:43:52.440 --> 0:43:55.840 twenty March twenty twenty, there were a lot of people 0:43:55.960 --> 0:43:59.080 at that time they were selling out their portfolios because 0:43:59.080 --> 0:44:00.600 they didn't want to take any. 0:44:00.440 --> 0:44:01.320 More of a loss. 0:44:01.520 --> 0:44:05.359 And on our channel, we actually created a new portfolio, 0:44:05.800 --> 0:44:09.520 just sort of a very many portfolio to show people listen, 0:44:09.760 --> 0:44:13.200 if you invest now, it's a good it's a good thing. 0:44:13.320 --> 0:44:16.120 You can start growing your money by investing now. It 0:44:16.160 --> 0:44:18.880 doesn't matter that there was a huge crash. You can 0:44:18.920 --> 0:44:22.359 start investing now. And so many people were like, why 0:44:22.360 --> 0:44:24.439 would you invest now, it's a crash, it's the worst 0:44:24.480 --> 0:44:26.560 time to invest, and we're like, no, that's the very 0:44:26.600 --> 0:44:28.840 opposite of how you should be thinking. You know, you 0:44:28.840 --> 0:44:32.279 should continuously be investing whether it's a good whether the 0:44:32.280 --> 0:44:34.800 market's doing well or whether it's doing bad. You should 0:44:34.840 --> 0:44:37.560 just be dollar cost averaging into the market. But when 0:44:37.600 --> 0:44:41.000 the market is doing bad, it is an excellent opportunity 0:44:41.160 --> 0:44:43.479 to grow your wealth. And so that's what we're really 0:44:43.520 --> 0:44:47.080 demonstrating with this portfolio to our followers is like, listen, 0:44:47.120 --> 0:44:49.960 when people are running and trying to cash out their 0:44:50.000 --> 0:44:53.440 portfolios when there's a big crash, don't do that. Do 0:44:53.600 --> 0:44:57.000 the opposite. Do the opposite and start building your wealth. 0:44:57.680 --> 0:45:00.759 I think y'all really illustrate beautifully the power the mindset 0:45:00.880 --> 0:45:03.560 when it comes to building wealth. Like you've got to 0:45:03.640 --> 0:45:06.360 really you've got to look at your emotions, as my 0:45:06.400 --> 0:45:09.080 lovely therapist always says, look at the thought or the 0:45:09.160 --> 0:45:11.960 feeling and just acknowledge that it exists and then just 0:45:12.080 --> 0:45:15.879 attack it with reason and logic. And I love that, y'all. 0:45:15.920 --> 0:45:18.319 I've been following that series at y'all where you share 0:45:18.320 --> 0:45:20.360 your portfolio and how you invest at the bomb of 0:45:20.360 --> 0:45:22.239 the market or at least you know, you never know 0:45:22.280 --> 0:45:24.160 when it's the bottom, but how you guys invested in 0:45:24.200 --> 0:45:26.360 the spring and I and I love that lesson. I 0:45:26.440 --> 0:45:28.520 just think people have to be ready for it and 0:45:29.000 --> 0:45:30.400 really want to. I want to home in on the 0:45:30.400 --> 0:45:32.560 point that y'all made too about that emergency fund. And 0:45:32.600 --> 0:45:34.520 just to be clear, when you say it's a stock 0:45:34.600 --> 0:45:36.920 market emergency fund, you don't have the money in the 0:45:36.920 --> 0:45:39.680 stock market. It's your emergency fund, so that you don't 0:45:39.719 --> 0:45:43.399 touch your money, yes, just cash right regular ole. Yeah, 0:45:43.440 --> 0:45:46.520 So that's key because you know, people think that like 0:45:46.600 --> 0:45:48.759 if you're if you're worried about losing everything when a 0:45:48.800 --> 0:45:51.480 market goes down, that you're probably not investing money that 0:45:51.480 --> 0:45:54.279 you're willing to put away for the long term, like 0:45:54.320 --> 0:45:56.680 your money that you want to hold with your money 0:45:56.680 --> 0:45:58.440 that you want to be able to access if an 0:45:58.440 --> 0:46:01.360 emergency happens. That should be really, it should be liquid, 0:46:01.400 --> 0:46:03.839 It should be available to you. It should be enough 0:46:04.480 --> 0:46:06.839 for the you know, for whatever a period of time 0:46:06.880 --> 0:46:09.520 you feel comfortable with you guys, two years seems reasonable 0:46:09.520 --> 0:46:14.839 because y'all are you know, you're entirely without you know, well, 0:46:14.880 --> 0:46:18.040 you have your passive income, but you've left, you've left 0:46:18.040 --> 0:46:20.719 your jobs, and you're living your fire lifestyle. But for 0:46:20.760 --> 0:46:23.360 other people maybe at six months or year's worth of expenses. 0:46:23.719 --> 0:46:26.160 And I love that y'all have that cushion because it 0:46:26.280 --> 0:46:29.920 helps you kind of like stamp down those emotional fears 0:46:29.960 --> 0:46:32.040 around when the market dips, like oh no, I've got 0:46:32.080 --> 0:46:34.840 to take my money out because I don't want to 0:46:34.880 --> 0:46:36.680 lose it, because we need to have food on the table. 0:46:37.080 --> 0:46:41.000 With that emergency fund, y'all, you provide a cushion for yourself, 0:46:41.040 --> 0:46:43.680 and you provide the security that you can continue with 0:46:43.760 --> 0:46:46.279 your investing strategy, continue building your wealth, and you don't 0:46:46.320 --> 0:46:49.560 need to sacrifice that when your emotions start to take over. 0:46:50.080 --> 0:46:52.319 I think that's a really important point for people, and 0:46:52.320 --> 0:46:55.840 that's why we're always like, before y'all start asking about investing, 0:46:55.880 --> 0:46:58.360 I'm talking to my dad and my uncle Mark. People 0:46:58.400 --> 0:47:00.239 call me all the time, what about hurts? Would we 0:47:00.239 --> 0:47:00.759 invest in her. 0:47:02.520 --> 0:47:02.960 Bankrupt? 0:47:03.400 --> 0:47:05.800 Oh? Yeah, sure, jumping, Oh my god, I'm like, listen, 0:47:05.840 --> 0:47:07.480 if my uncle Mark is talking about it, do not 0:47:08.800 --> 0:47:11.879 just don't go to hurts, but my dad he still 0:47:11.920 --> 0:47:14.200 saves money in his coat closet. I'm like, you're trying 0:47:14.200 --> 0:47:16.040 to talk about investing in hurts. Can I get you 0:47:16.080 --> 0:47:17.840 to like put the money in the bank first? Like, 0:47:17.880 --> 0:47:19.400 what is this so backwards? 0:47:19.640 --> 0:47:22.759 Go ahead, No, and no shade to the people who listen. 0:47:22.840 --> 0:47:25.359 But if you're willing to do the blessing loom, that's 0:47:25.400 --> 0:47:29.120 not a blessing. I think you can try this. That's 0:47:29.120 --> 0:47:30.960 a little shady because so many of my dream catchers 0:47:31.000 --> 0:47:32.399 are like, girl, I want to do a blessing loom. 0:47:32.400 --> 0:47:34.000 It's not a blessing loom. 0:47:34.239 --> 0:47:36.000 No, I've not heard enough before. 0:47:36.160 --> 0:47:37.359 You never heard of the blessing loom? 0:47:37.600 --> 0:47:38.680 Quits quick sidebar? 0:47:38.719 --> 0:47:41.440 What is done? No, we talked about it on the podcast. 0:47:41.480 --> 0:47:45.040 Remember I said it's it's basically the pyramid scheme, but 0:47:45.040 --> 0:47:47.680 they keep renaming it blessing loom. Pyramid scheme when you 0:47:47.760 --> 0:47:49.880 bring more people in and they bring money, and then 0:47:49.880 --> 0:47:52.160 you move to the center or to the top and 0:47:52.200 --> 0:47:54.720 they see yeah, but they just keep calling in new things. 0:47:54.880 --> 0:47:56.719 But I did want to ask, like what because I 0:47:56.760 --> 0:47:58.800 want to get just a little nitty gritty, like what. 0:47:58.719 --> 0:48:00.600 Percentage are you living off of? 0:48:00.640 --> 0:48:03.720 Are you doing it where you're anticipating like on average 0:48:03.760 --> 0:48:05.640 is seven to eight percent return and you're living off 0:48:05.840 --> 0:48:10.000 four percent of your of what your investments yield or 0:48:10.160 --> 0:48:13.560 is it more so you're living off you if you 0:48:13.560 --> 0:48:17.560 have rental properties or is it? And then two, like 0:48:17.640 --> 0:48:19.840 what was your fire number? Because I know, like my 0:48:19.920 --> 0:48:23.040 financial advisor, my financial planner, you know, I mean, I 0:48:23.080 --> 0:48:25.120 guess technically I don't have. 0:48:25.120 --> 0:48:26.040 To work now, I guess. 0:48:26.160 --> 0:48:28.480 I mean, I just like I like doing budget Nista, 0:48:28.880 --> 0:48:31.560 but I my husband and I help out a lot 0:48:31.560 --> 0:48:35.600 of people. So what we spend a month is like 0:48:36.080 --> 0:48:38.440 half of what we spend actually goes to us and 0:48:38.480 --> 0:48:40.400 just the rest goes to helping family and friends. 0:48:40.600 --> 0:48:43.239 But so like, what's that? What was that number for you? 0:48:43.320 --> 0:48:45.680 Like, if we set aside this amount plus with the 0:48:45.760 --> 0:48:47.480 real estate coming in, we should be good. 0:48:47.560 --> 0:48:48.600 I'm curious about that. 0:48:49.360 --> 0:48:52.240 Yeah, so we don't have the real estate anymore. Okay, 0:48:52.440 --> 0:48:53.920 we sold our real estate and then we put that 0:48:53.960 --> 0:48:57.680 in the stock market. But our fire number was based 0:48:57.719 --> 0:49:00.239 off of living in the San Francisco Bay are So 0:49:00.280 --> 0:49:03.520 I'll caveat with that caveat that that our number was 0:49:03.719 --> 0:49:06.120 over two million, close to two and a half million. 0:49:06.840 --> 0:49:09.719 But again this is because we live in the sand Or. 0:49:10.840 --> 0:49:13.000 Our fire number was based off of living in the 0:49:13.000 --> 0:49:16.120 San Francisco Bay area. So some people will probably think 0:49:16.320 --> 0:49:18.840 that that can be very high, or some people actually 0:49:18.840 --> 0:49:20.200 think like, maybe that's low. 0:49:20.480 --> 0:49:22.880 So it's really relative to where. 0:49:22.640 --> 0:49:25.480 You plan on retiring, where you live, what your family 0:49:25.520 --> 0:49:28.480 size is, and what type of stuff you plan on 0:49:28.560 --> 0:49:31.360 doing in retirement, and how much is that stuff going 0:49:31.440 --> 0:49:33.560 to cost. So ours was close to two and a 0:49:33.600 --> 0:49:37.280 half million dollars, but I will say because we moved 0:49:37.360 --> 0:49:42.440 to Portugal, we are living off of obviously not close 0:49:42.480 --> 0:49:45.320 to that. Because when you calculate your fire number, you 0:49:45.640 --> 0:49:47.880 the ideas that you can live off of four percent 0:49:48.040 --> 0:49:52.200 of your portfolio in order to cover your monthly expenses 0:49:52.400 --> 0:49:55.560 and then in turn your annual expenses. So the idea 0:49:55.600 --> 0:49:58.160 is that you can pull four percent from your portfolio, 0:49:58.600 --> 0:50:02.640 and then your portfolio continue to grow so that you're 0:50:02.719 --> 0:50:05.839 only pulling from the gains in your portfolio, You're not 0:50:05.880 --> 0:50:09.200 actually pulling from the principal balance, so it continues to 0:50:09.239 --> 0:50:11.880 grow and you're able to continuously pull out four percent. 0:50:12.239 --> 0:50:14.960 And that's based off of There's a study called the 0:50:14.960 --> 0:50:18.560 Trinity Study that really explains this concept of the four 0:50:18.600 --> 0:50:21.440 percent rule, how you can live off of your portfolio 0:50:21.560 --> 0:50:25.400 and the portfolio allocation that you have, whether it's stocks 0:50:25.400 --> 0:50:28.200 and bonds or one hundred percent stocks one hundred percent bonds. 0:50:28.360 --> 0:50:31.160 But the concept is, once you get your fire number, 0:50:31.360 --> 0:50:33.359 you're supposed to be able to live off of four 0:50:33.400 --> 0:50:36.640 percent of that and pull money from your portfolio, and 0:50:36.760 --> 0:50:39.440 that pays for all of your expenses. But we are 0:50:39.480 --> 0:50:42.319 here in Portugal, and our expenses are much much lower, 0:50:42.440 --> 0:50:43.960 like we said, I mean, we gave you the example 0:50:44.040 --> 0:50:48.040 of the healthcare how much cheaper it is, or i'd 0:50:48.080 --> 0:50:51.280 say how much more affordable it is here in Portugal. 0:50:51.360 --> 0:50:53.320 So for us, we don't have to pull a full 0:50:53.440 --> 0:50:56.880 four percent. We pull under four percent. And if you 0:50:56.960 --> 0:50:59.239 ever are in a situation where you're pulling less than 0:50:59.280 --> 0:51:02.960 four percent, then it's even better because then your portfolio 0:51:03.080 --> 0:51:06.400 can continue to grow even more. So the idea is 0:51:06.400 --> 0:51:08.719 if you're able to pull less than four percent, it 0:51:08.760 --> 0:51:09.880 can grow even more. 0:51:09.920 --> 0:51:11.360 And so that's a perfect situation. 0:51:11.920 --> 0:51:16.359 But I would say for people that have different locations 0:51:16.400 --> 0:51:18.960 in mind, like for example, like we said, we were 0:51:18.960 --> 0:51:21.279 thinking about the San Francisco Bay area and we were 0:51:21.320 --> 0:51:24.880 thinking about Portugal, for us, it was really important to 0:51:25.120 --> 0:51:28.440 not retire until we hit the mark for the higher 0:51:28.480 --> 0:51:30.560 cost of living, which is the San Francisco Bay Area. 0:51:30.640 --> 0:51:34.440 And again that's because if we come here to Portugal 0:51:34.640 --> 0:51:37.080 and we decide, you know, four or five years down 0:51:37.080 --> 0:51:40.080 the road, we want to return to the Bay Area, 0:51:40.280 --> 0:51:41.960 or you know, our girls will be going away to 0:51:42.000 --> 0:51:45.440 school soon, not soon soon to me, but you know 0:51:45.680 --> 0:51:48.319 in another four and six years if they returned to 0:51:48.360 --> 0:51:50.319 the States, maybe at that time we'll think, oh, we 0:51:50.320 --> 0:51:52.359 should return with them, or maybe we want to live 0:51:52.400 --> 0:51:53.160 back in the States. 0:51:53.360 --> 0:51:55.120 If we would have picked a fire. 0:51:54.920 --> 0:51:59.320 Number associated with living in Portugal, then we would be stuck. 0:51:59.360 --> 0:52:01.200 We would be limit in terms of where we can 0:52:01.239 --> 0:52:04.880 go after that. So for people that have multiple areas 0:52:04.920 --> 0:52:08.040 in mind, I would I would recommend picking the higher 0:52:08.080 --> 0:52:10.919 cost of living area and then when you go live 0:52:11.000 --> 0:52:13.440 in a lower cost of area, you're pulling less than 0:52:13.440 --> 0:52:15.600 that four percent and your portfolio is able to grow 0:52:15.680 --> 0:52:16.759 even more because of it. 0:52:17.280 --> 0:52:19.839 And when you're in retire. Did that answer your question? Tif? 0:52:20.400 --> 0:52:20.799 No, it did. 0:52:20.840 --> 0:52:24.319 I just said that was awesome here, Okay, So I 0:52:24.400 --> 0:52:26.759 just have so many questions now. I wanted to know 0:52:26.800 --> 0:52:28.799 because you guys have your YouTube channel. I know you 0:52:28.880 --> 0:52:31.640 have a course now in stock investing. When y'all were planning, 0:52:32.080 --> 0:52:35.320 you know, sources of income or planning your portfolio and 0:52:35.840 --> 0:52:39.040 hitting your fire number, did y'all think, Okay, we'll also 0:52:39.120 --> 0:52:41.600 bring in income from our YouTube and maybe we can 0:52:41.640 --> 0:52:43.440 teach people and have a course. Was that part of 0:52:43.480 --> 0:52:47.399 your plan or was this just like a happenstance, Because 0:52:47.400 --> 0:52:49.200 it doesn't strike me that you guys set out, because 0:52:49.239 --> 0:52:51.560 that's honestly one of the things that kind of annoys 0:52:51.560 --> 0:52:53.520 me about some fire. I'll just be totally frank, as 0:52:53.560 --> 0:52:56.640 Christina knows I can be, but like, yeah, I mean 0:52:56.680 --> 0:52:59.040 I kind of roll my eyes sometimes because people are like, oh, yeah, 0:52:59.040 --> 0:53:00.600 I'm going to retire early and I'm going to teach 0:53:00.600 --> 0:53:02.040 people how to do it, and that's how I'm gonna 0:53:02.040 --> 0:53:04.759 retire early by making money off of the courses. But 0:53:04.840 --> 0:53:07.480 y'all strike me as totally different, whereas it's kind of 0:53:07.520 --> 0:53:09.560 a you know, you did your fire thing and then 0:53:09.600 --> 0:53:11.480 people were asking you to start a channel, and you 0:53:11.520 --> 0:53:14.200 did it, and now you just happened to be YouTube stars. 0:53:14.840 --> 0:53:15.080 Yeah. 0:53:15.120 --> 0:53:17.759 I love that you asked that, because you know, right 0:53:17.800 --> 0:53:21.760 now we have we have almost three hundred thousand subscribers 0:53:21.800 --> 0:53:25.640 on our channel, but when we started, we started a 0:53:25.640 --> 0:53:29.400 little over two years ago and it was the lowest 0:53:29.440 --> 0:53:33.279 start ever and when when we actually retired, I don't 0:53:33.320 --> 0:53:37.640 think we had even hit fifty thousand subscribers at that point. 0:53:38.120 --> 0:53:40.799 And so for us, when we started the channel, it 0:53:40.840 --> 0:53:42.920 was more like a friend had mentioned it to us 0:53:42.920 --> 0:53:45.960 because we were talking. We were always talking to family 0:53:46.000 --> 0:53:48.600 members and friends about listen, you guys should be doing this, 0:53:48.719 --> 0:53:50.520 you should save this money. I mean, we were sort 0:53:50.520 --> 0:53:53.200 of getting a little extra into people's business saying hey, 0:53:53.320 --> 0:53:54.400 why don't you invest in this? 0:53:54.440 --> 0:53:55.560 You should save what are you doing? 0:53:56.840 --> 0:53:59.440 But it just became something that we talked about so 0:53:59.560 --> 0:54:01.200 much that one of our friends said, hey, you should 0:54:01.200 --> 0:54:03.440 start this channel, and we thought, well, that is pretty 0:54:03.480 --> 0:54:06.680 cool because then we could tell people about fire, like 0:54:06.680 --> 0:54:09.040 like when we didn't know what fire was when we started. 0:54:09.040 --> 0:54:10.960 If someone was sort of guiding us and telling us 0:54:11.080 --> 0:54:14.200 about all these concepts, that would be really cool. So 0:54:14.239 --> 0:54:17.960 we started the channel, and we we absolutely did not 0:54:18.120 --> 0:54:19.359 think that our channel. 0:54:19.040 --> 0:54:20.360 Would grow like it was. 0:54:20.440 --> 0:54:23.120 So it was definitely not something where we're like, oh, yeah, 0:54:23.160 --> 0:54:24.800 we can we can rely on. 0:54:24.719 --> 0:54:29.480 YouTube and just retire early and live off of YouTube 0:54:29.560 --> 0:54:32.480 or something like that. That was definitely not the case. 0:54:32.960 --> 0:54:35.719 Oh yeah, and it became it became kind of like 0:54:36.360 --> 0:54:39.000 a gift that we couldn't give up. And when I 0:54:39.040 --> 0:54:41.719 say a gift is we have this ability to be 0:54:41.760 --> 0:54:46.360 able to really share and inspire people with our YouTube channel. 0:54:46.600 --> 0:54:49.000 So when we start our YouTube channel, we were doing 0:54:49.000 --> 0:54:50.799 it like two or three times a week, but since 0:54:50.800 --> 0:54:53.960 we retired, really do it once a week. But it's 0:54:54.000 --> 0:54:56.319 something that we want to keep doing because so many 0:54:56.360 --> 0:55:00.040 people are getting getting value out of it. But what 0:55:00.080 --> 0:55:03.640 happened was because we made so many videos, people were 0:55:03.680 --> 0:55:07.560 asking us like questions that were there were very linear 0:55:07.640 --> 0:55:10.120 questions like how to get to a to z And 0:55:10.160 --> 0:55:11.640 we would say, oh, you got to go back to 0:55:11.840 --> 0:55:15.799 video one hundred or video fifty five, and so we 0:55:15.840 --> 0:55:18.440 were like, okay, we need to do like a course 0:55:18.520 --> 0:55:21.400 they walk someone from A to Z And so that's 0:55:21.440 --> 0:55:23.280 when we came up with the idea for the course. 0:55:24.400 --> 0:55:26.480 But it was, you know, all of this was just 0:55:27.520 --> 0:55:30.400 it just it just kind of started to happen because 0:55:30.440 --> 0:55:32.520 we were being asked to do these things. 0:55:32.719 --> 0:55:34.880 Yeah, but I will also say that you know, people 0:55:34.880 --> 0:55:37.000 have been asking us for a while to do the course, 0:55:37.040 --> 0:55:39.040 and we're like, yeah, you know, maybe maybe we'll get 0:55:39.040 --> 0:55:41.640 around to it. But what really prompted us to do 0:55:41.680 --> 0:55:45.160 the course was COVID. Yes, because we were stuck in 0:55:45.239 --> 0:55:48.640 the house for over, over and over a month. 0:55:48.680 --> 0:55:50.880 Oh yes, if you see that course, my hair was 0:55:50.920 --> 0:55:52.879 looking raggedy the whole course. 0:55:55.320 --> 0:55:57.920 I know it's not as bad compared to people some 0:55:57.920 --> 0:56:01.000 people in the States, right, but yeah, we were getting fidgety, like, 0:56:01.040 --> 0:56:03.760 oh my gosh, we cannot just sit in this house 0:56:03.920 --> 0:56:06.160 and do nothing. And we were we were telling people, 0:56:06.200 --> 0:56:08.520 you know, go out and exercise, go out and read 0:56:08.640 --> 0:56:11.120 or exercise in your home, read, write, do what you 0:56:11.200 --> 0:56:14.560 can to stay productive. Don't try and be busy, because 0:56:14.600 --> 0:56:16.399 busy is just sort of taking up time. 0:56:16.680 --> 0:56:18.080 What can you do to be productive? 0:56:18.160 --> 0:56:19.880 And then we thought, you know what, why don't we 0:56:19.960 --> 0:56:22.720 just sit down and really focus on creating this course? 0:56:23.040 --> 0:56:27.279 And I think, you know, because we had that extra time, 0:56:27.360 --> 0:56:29.680 it was it was really a fun project to be 0:56:29.760 --> 0:56:30.319 able to do. 0:56:31.960 --> 0:56:35.280 I mean, y'all are so young, you're clearly incredibly intelligent. 0:56:36.560 --> 0:56:41.120 You guys have so much, so much energy, Like, so, 0:56:41.160 --> 0:56:43.080 what does retirement look like for y'all? Can you kind 0:56:43.080 --> 0:56:46.000 of paint the picture. You know, do you see yourselves 0:56:46.440 --> 0:56:49.319 kicking back on beaches? Like, what does your retirement look like? 0:56:49.360 --> 0:56:54.960 Do you think you'll be satisfied? You know with kicking obviously, 0:56:55.080 --> 0:56:57.200 you you know, sitting back in the house is not 0:56:57.239 --> 0:56:59.680 what you're excited about. I think those of us in 0:56:59.719 --> 0:57:01.839 corn or all just like, get us out of here. 0:57:02.239 --> 0:57:04.600 But talk about how do y'all plan on spending your 0:57:04.600 --> 0:57:07.359 retirement with the next fifty years ahead of you. 0:57:08.520 --> 0:57:09.919 Oh, we spend a lot of time at the beach, 0:57:10.040 --> 0:57:14.440 don't don't. Don't knock that. That's really nice. So uh, 0:57:14.719 --> 0:57:16.800 and that's one of the nice things about living here 0:57:16.840 --> 0:57:19.360 in Portugal is that we're near the water. The outdoors 0:57:19.360 --> 0:57:22.720 are really amazing, so we do spend a lot of 0:57:22.720 --> 0:57:26.560 time in the outdoors. We wanted to retire early. A 0:57:26.600 --> 0:57:29.040 big reason was so that we could spend more time 0:57:29.200 --> 0:57:32.640 with our girls. You know, after your children leave your house, 0:57:33.000 --> 0:57:36.520 you have already spent ninety percent of the time you're 0:57:36.520 --> 0:57:38.440 going to spend with them while they're in your house. 0:57:38.640 --> 0:57:40.960 After that, they're gone and they're you know, they're going 0:57:41.040 --> 0:57:43.520 to live their lives. So that's a gift that we 0:57:43.560 --> 0:57:45.240 also have, is that we get to spend more time 0:57:45.240 --> 0:57:47.880 with our kids. We get to coach our daughters in sports. 0:57:47.960 --> 0:57:51.920 Christina swims with Malia, I play basketball with Sona. We 0:57:52.080 --> 0:57:58.480 volunteer a lot. Recently, we've been doing calls with underserved 0:57:58.560 --> 0:58:02.120 kids talking about financial independence, talking about talking about money 0:58:02.120 --> 0:58:05.920 and financial literacy. And so what's really great is that 0:58:05.960 --> 0:58:08.160 we get to do whatever we want to do whenever 0:58:08.160 --> 0:58:11.440 we want to on Sunday nights. We don't have that 0:58:11.560 --> 0:58:15.000 anxiety that Monday morning is rolling around. So it's just 0:58:15.840 --> 0:58:18.480 it's really an unexplainable feeling to be able to have 0:58:18.560 --> 0:58:20.800 this freedom. And it goes back to what we talked 0:58:20.800 --> 0:58:24.520 about earlier, making that short term sacrifice for the long 0:58:24.640 --> 0:58:27.840 term gain. And yes, we're we're young and we have 0:58:28.320 --> 0:58:30.120 you know, we have a lot of things that we're 0:58:30.440 --> 0:58:32.800 that we're working on, but they're all things that we're 0:58:32.840 --> 0:58:35.320 passionate about and that's what we didn't have the ability 0:58:35.360 --> 0:58:38.240 to do before when we were working forty hours a week. 0:58:38.520 --> 0:58:40.400 You know, now we have those forty hours back to 0:58:40.480 --> 0:58:42.120 do whatever we want to do with them. 0:58:42.600 --> 0:58:45.000 And I really love that you asked that question too, Mandy, 0:58:45.080 --> 0:58:50.040 because I think when people are thinking about financial independence 0:58:50.040 --> 0:58:50.840 and retiring early. 0:58:50.880 --> 0:58:51.640 You know, there's this split. 0:58:51.640 --> 0:58:53.960 You could just do financial independence and you continue to 0:58:54.000 --> 0:58:57.160 do the job that you love, or you can. 0:58:57.040 --> 0:58:58.160 Actually retire early. 0:58:58.280 --> 0:59:01.320 And so I think when people are on that retire 0:59:01.400 --> 0:59:04.320 early path, if they ultimately want to retire early, they 0:59:04.400 --> 0:59:08.280 really need to envision what they think their life is 0:59:08.360 --> 0:59:11.920 going to be like when they retire, because I'll. 0:59:11.840 --> 0:59:13.480 Tell you, if you're just sort of. 0:59:13.480 --> 0:59:16.440 Running from something, if you're running from your job because 0:59:16.440 --> 0:59:19.040 you don't like your job, and so that's the reason 0:59:19.080 --> 0:59:22.919 you want to retire, your retirement may not feel very 0:59:22.960 --> 0:59:25.640 fulfilling because then you're in retirement and it's sort of like, well, 0:59:25.640 --> 0:59:26.560 what do I do now? 0:59:26.880 --> 0:59:29.880 But if you really envision what your life can be 0:59:30.040 --> 0:59:31.000 like in retirement. 0:59:31.120 --> 0:59:33.400 If you love to travel, if you love to cook, 0:59:33.440 --> 0:59:35.600 if you love to spend time with your kids and 0:59:35.640 --> 0:59:38.040 your family, if you love to work out, if you 0:59:38.160 --> 0:59:41.040 like to build things, those are all things that people 0:59:41.120 --> 0:59:44.680 can run towards versus running away from something. So they 0:59:44.720 --> 0:59:47.120 really have to think about if they want to pursue fire, 0:59:47.200 --> 0:59:48.720 what's the purpose behind that. 0:59:49.520 --> 0:59:55.400 I love that you guys have inspired me to expand 0:59:55.640 --> 0:59:59.400 my own possibilities for what the next decade and beyond 0:59:59.440 --> 1:00:02.400 can look like. And I love that you guys have 1:00:03.120 --> 1:00:06.320 You've proven to I think so many people like don't 1:00:06.320 --> 1:00:08.240 even know how to imagine a world where they don't 1:00:08.280 --> 1:00:11.640 work for someone else, you know, like or and if 1:00:11.680 --> 1:00:13.520 they don't work for someone then it's like owning their 1:00:13.560 --> 1:00:17.040 own business or whatever. But what about a world where 1:00:17.720 --> 1:00:21.440 you're just free to, you know, work on what you 1:00:21.560 --> 1:00:26.120 find fulfilling, be with your family, like it's really it's 1:00:26.200 --> 1:00:28.240 it's a little sad to me that this is such 1:00:28.680 --> 1:00:32.360 like an extraordinary mindset to have. But you guys truly 1:00:32.400 --> 1:00:35.840 are extraordinary because you have You've seen it, and you 1:00:35.920 --> 1:00:38.200 said this should be the normal, Like this should be 1:00:38.200 --> 1:00:40.480 the norm, This will be our normal. We are going 1:00:40.480 --> 1:00:42.680 to create the life that we want. And I it 1:00:42.800 --> 1:00:46.560 really resonates with me, if you can't tell, because I 1:00:46.600 --> 1:00:52.000 feel like I am on this path toward this a 1:00:52.040 --> 1:00:55.600 good life, but a good life according to the you know, 1:00:55.640 --> 1:00:59.680 what's what's considered the norm in America and what's considered 1:01:00.120 --> 1:01:02.360 a good life according to I don't know what the 1:01:02.400 --> 1:01:06.960 mainstream idea of a good life is. And I'm starting 1:01:07.000 --> 1:01:10.160 to even challenge my own expectations and challenge some of 1:01:10.200 --> 1:01:12.560 the own some of my own ways of thinking about 1:01:12.640 --> 1:01:15.400 the next couple of decades in my life. And I mean, 1:01:15.440 --> 1:01:17.560 even just being stuck in quarantine with my baby. You 1:01:17.600 --> 1:01:19.280 can probably hear me in the background. He's a very 1:01:19.400 --> 1:01:23.800 vocal eater. He gets really mad, he very angry. He's 1:01:23.800 --> 1:01:27.240 my child. But even just being in quarantine, I'm like, oh, 1:01:27.320 --> 1:01:29.200 so I could just work at home and be with 1:01:29.240 --> 1:01:33.040 the baby all the time. This isn't that bad anyway. 1:01:32.440 --> 1:01:35.680 I just want to thank y'all because I'm so glad 1:01:35.720 --> 1:01:40.320 that you are sharing your story and I know that 1:01:41.120 --> 1:01:43.040 forget about you know you can, we can forget about 1:01:43.120 --> 1:01:45.439 race for a second. I mean, the show is called 1:01:45.440 --> 1:01:48.520 Brown Ambition, so it's always there. We acknowledge we are 1:01:48.520 --> 1:01:51.240 two black women speaking to an audience, and first and 1:01:51.280 --> 1:01:53.760 foremost we want to talk to other black women and 1:01:53.800 --> 1:01:56.160 how to build wealth because we understand that, you know, 1:01:56.200 --> 1:01:58.080 there's not a lot of people like us talking to them. 1:01:58.120 --> 1:02:01.800 And I am you guys are like unicorns, you know, 1:02:01.840 --> 1:02:05.240 in the Fire Movement, a black couple with two daughters 1:02:05.280 --> 1:02:08.080 and your girls seeing them. And I even said this 1:02:08.120 --> 1:02:10.320 to Christina in the email. I really meant it. If 1:02:10.400 --> 1:02:13.560 only I had seen your two girls talking about financial 1:02:14.680 --> 1:02:18.440 financial Uh uh what am I thinking? Like, what are 1:02:18.440 --> 1:02:21.200 we talking about investing investing in all building at a 1:02:21.200 --> 1:02:23.360 young age when I was, you know, twelve or thirteen. 1:02:23.960 --> 1:02:27.480 Y'all are so important and your stories are so important. 1:02:27.480 --> 1:02:31.200 And I and thank y'all for using your time when 1:02:31.200 --> 1:02:35.080 you could be doing anything else to educate and pour 1:02:35.240 --> 1:02:38.160 back into communities who may not be getting this kind 1:02:38.160 --> 1:02:41.240 of knowledge. I it just it's out shut up now. 1:02:41.280 --> 1:02:43.120 But it's just y'all are the best. 1:02:43.520 --> 1:02:44.320 Thank you so much. 1:02:44.880 --> 1:02:48.160 It's so nice. It's it's so nice. So you know, 1:02:48.200 --> 1:02:50.000 we wanted to talk to you guys anyway. So it 1:02:50.080 --> 1:02:53.480 was just like, oh, it's your baby that this is 1:02:53.480 --> 1:02:53.919 it right? 1:02:54.120 --> 1:02:57.640 Like e pitome of brown ambition. 1:02:57.760 --> 1:02:59.440 And I think that it's just good for people to 1:02:59.520 --> 1:03:02.360 see that life can be lived differently, you. 1:03:02.280 --> 1:03:07.800 Know, and one hundred million less words than what I used. 1:03:09.320 --> 1:03:14.560 No, So just just because Amandy and I are, the 1:03:14.640 --> 1:03:15.760 way we live. 1:03:15.680 --> 1:03:17.560 Is so different, so they get to see different sides 1:03:17.600 --> 1:03:18.080 of like. 1:03:18.440 --> 1:03:21.920 From both of us being bosses in our own right, 1:03:22.080 --> 1:03:24.440 but via the corporate side or owning your own business. 1:03:24.480 --> 1:03:26.920 So this is just a nice we're pre from. 1:03:27.280 --> 1:03:29.919 This is another way to live and people can find 1:03:29.960 --> 1:03:32.320 themselves in your journey, so we do really thank you, 1:03:32.760 --> 1:03:33.240 thank you. 1:03:33.320 --> 1:03:36.120 Thank you guys. Yeah, I'm so glad we able to 1:03:36.120 --> 1:03:36.680 talk to you. 1:03:37.360 --> 1:03:40.680 Well. Thank y'all, and and go live your fabulous life. 1:03:42.200 --> 1:03:45.800 You now on folks where they can find you. Your 1:03:45.960 --> 1:03:50.760 your our Rich Journey on YouTube, on Instagram, anything else 1:03:50.840 --> 1:03:52.720 y'all want to anything you'll want to promote. 1:03:53.720 --> 1:03:55.840 Oh no, you know you mentioned our daughters too. They 1:03:55.880 --> 1:03:58.840 have their channel out so it's called Our Rich Journey Junior. 1:03:59.160 --> 1:04:00.880 So the kids some love. 1:04:01.160 --> 1:04:03.080 Yeah, check the girls out also. 1:04:03.280 --> 1:04:05.520 Yeah, but that's really where you can find us is 1:04:05.560 --> 1:04:10.000 on YouTube or Instagram at Rich Journey and send us 1:04:10.000 --> 1:04:13.880 a message. We eventually get to all of the questions. 1:04:13.880 --> 1:04:15.760 I mean, we are retired, we have nothing else to do. 1:04:19.880 --> 1:04:20.400 I love it. 1:04:20.600 --> 1:04:24.320 Join the journey. That's how you always end your YouTube videos. 1:04:25.680 --> 1:04:28.960 Go join the journey. Thank y'all for sharing your story 1:04:29.000 --> 1:04:30.520 with us. I would love to have y'all on the 1:04:30.520 --> 1:04:35.320 show again sometime in the future. But be well, stay healthy. Yes, 1:04:35.480 --> 1:04:37.360 I mean honestly, y'all should be wishing us luck. I 1:04:37.400 --> 1:04:39.600 feel like we're the one I feel like y'all are 1:04:39.640 --> 1:04:42.040 on the right track in Portugal. But yeah, be well, 1:04:42.080 --> 1:04:44.439 stay healthy and thank y'all again for coming on the show. 1:04:44.760 --> 1:04:46.600 Yes, thanks so much guys. 1:04:47.480 --> 1:04:50.520 WHOA Okay, so did I embarrass myself? Was that too 1:04:50.560 --> 1:04:53.520 much of a fan girl? No, they were for Christina. 1:04:53.200 --> 1:04:57.200 And mon Honestly, they were amazing and they I mean 1:04:57.320 --> 1:04:59.439 as much as I think that we're pretty fru gol, 1:04:59.520 --> 1:05:01.080 I mean, yes, I know, you know explorers, but you 1:05:01.080 --> 1:05:03.120 know you and I are pretty like to go with 1:05:03.120 --> 1:05:06.160 our finances and savvy with our finances. It just made 1:05:06.200 --> 1:05:09.840 me look at some of the choices that I'm you know, 1:05:09.880 --> 1:05:11.840 that I'm choosing for myself and my family a little 1:05:11.880 --> 1:05:15.320 bit differently. So it was so amazing. I'm totally going 1:05:15.360 --> 1:05:17.160 to stalk them on YouTube so just so they. 1:05:17.080 --> 1:05:20.160 Know their channel is good. I know that, and it's 1:05:20.200 --> 1:05:22.160 worth a time too. I think I just turned on 1:05:22.200 --> 1:05:23.840 their channel and I just had it on for an 1:05:23.920 --> 1:05:28.080 entire weekend. They're They're truly really knowledgeable and if you 1:05:28.120 --> 1:05:31.040 hear things banging in the background, it's just the babies here. 1:05:31.080 --> 1:05:35.400 Hey see, hey everybody. Yeah, I think it's great to 1:05:35.400 --> 1:05:38.439 hear different perspectives. And they call it our rich journey 1:05:38.480 --> 1:05:40.440 because it's their journey, doesn't mean that it's the right 1:05:40.520 --> 1:05:42.400 journey or the one that you need to take. But 1:05:43.240 --> 1:05:45.720 I think in so many ways, you need to see 1:05:45.760 --> 1:05:48.959 someone else living life by example so that you start 1:05:49.000 --> 1:05:52.400 to think about what's possible for yourself. And I think 1:05:52.440 --> 1:05:55.080 for you know, I've been pretty cynical about the whole 1:05:55.120 --> 1:05:58.800 Fire movement, and they have totally changed the way I 1:05:58.880 --> 1:06:01.560 think about it. And they have shown me that there's 1:06:01.880 --> 1:06:03.640 like if I was going to do fire, this is 1:06:03.640 --> 1:06:07.160 the way to do yes. And it's it's about freedom. 1:06:07.400 --> 1:06:10.720 It's about freedom. It's the freedom that people have who 1:06:10.800 --> 1:06:14.120 are lucky enough to come from wealthy family or you know, 1:06:14.200 --> 1:06:16.640 to have inheritances or you know, things like that. It's 1:06:16.680 --> 1:06:19.120 creating a space for yourself where you can do whatever 1:06:19.160 --> 1:06:20.880 the f you want and you're not trapped in this 1:06:20.960 --> 1:06:24.520 cycle of you know, someone else's version of success just 1:06:24.560 --> 1:06:25.360 so you can get by. 1:06:25.560 --> 1:06:26.200 No. I love that. 1:06:26.280 --> 1:06:27.800 I just yeah, like I said, I'm going to totally 1:06:27.840 --> 1:06:30.960 stalk their page, rethink some of the things choices that 1:06:31.000 --> 1:06:31.480 we're making. 1:06:32.200 --> 1:06:36.640 And do you think Supergirl will check out their junior 1:06:36.960 --> 1:06:37.800 the junior edition? 1:06:38.280 --> 1:06:42.400 Maybe she certainly she's working now and she's making some money, 1:06:42.480 --> 1:06:46.360 and so entrepreneurship is something that she has been really 1:06:46.400 --> 1:06:49.480 interested in, and she's been doing that, Like you know, 1:06:49.520 --> 1:06:51.480 she has her own lip gloss line that's on Etsy, 1:06:51.640 --> 1:06:55.200 and what I know, she don't know, So I don't 1:06:55.240 --> 1:06:56.920 know if remember that she was, you know, like I 1:06:56.960 --> 1:06:58.640 told you, like a little while ago, she was hawking 1:06:58.680 --> 1:07:00.600 these rubber band bracelets that she made from a kit 1:07:00.720 --> 1:07:03.560 someone gave her for Christmas because she remember I told you, 1:07:03.600 --> 1:07:06.840 she wanted my Superman and I to invest in her business. 1:07:06.840 --> 1:07:08.520 And she's like for the low rate of four hundred 1:07:08.520 --> 1:07:09.400 and fifty dollars. 1:07:09.440 --> 1:07:10.280 I was like, oh, you. 1:07:10.240 --> 1:07:12.680 Tried it, so we wait a second, we have not 1:07:12.680 --> 1:07:14.240 talked about So. 1:07:14.120 --> 1:07:16.680 That's what she wanted because she wanted to start the 1:07:16.680 --> 1:07:20.080 lip gloss business. So she did this whole presentation where 1:07:20.240 --> 1:07:22.080 she was like, this is how much it's going to 1:07:22.080 --> 1:07:24.800 cost me to get all the materials and things I 1:07:24.840 --> 1:07:27.800 need And we were like, yeah, no, the most. 1:07:27.680 --> 1:07:28.560 You're getting is fifty. 1:07:28.600 --> 1:07:30.680 And even if you get fifty, that's because you have 1:07:30.720 --> 1:07:32.960 to earn fifty. That's the most you're squeezing out of us. 1:07:33.240 --> 1:07:36.840 So need let's just say she wasn't happy. But what 1:07:36.880 --> 1:07:40.040 she did do is somebody gave her this rubber band 1:07:40.120 --> 1:07:42.000 kit where you can make bracelet and rings out of 1:07:42.040 --> 1:07:45.000 these like cool, like brightly colored rubber bands. So she 1:07:45.000 --> 1:07:47.160 started making them, and she started selling them, and she 1:07:47.200 --> 1:07:48.600 made a few hundred bucks on her own. 1:07:49.440 --> 1:07:51.800 She didn't even need our fifty, thank you very much. 1:07:52.080 --> 1:07:55.400 And then graduation money kicked in and she was able 1:07:55.440 --> 1:07:58.280 to fund her own business. With graduation money and her 1:07:58.360 --> 1:08:01.240 rubber band business, it was like business to fund the business. 1:08:01.440 --> 1:08:03.800 And so now, I mean, she literally spends hours a 1:08:03.840 --> 1:08:06.800 day making her lip gloss kits and like putting them together. 1:08:07.160 --> 1:08:09.280 And I'm honestly really proud of her because I'm. 1:08:09.080 --> 1:08:10.800 Like, look a supergirl, you know who. 1:08:10.840 --> 1:08:12.240 She's trying to be like right as much as she 1:08:12.280 --> 1:08:14.040 tries to act like she don't want to be like me, 1:08:14.840 --> 1:08:18.000 but that's. 1:08:17.760 --> 1:08:20.160 How it goes though, Like she can't let you know 1:08:20.240 --> 1:08:22.080 that you inspire her and that she loves you and 1:08:22.080 --> 1:08:23.600 wants to be just like you when she grows up. 1:08:23.640 --> 1:08:26.439 But she's watching I know, so like no, but honestly 1:08:26.479 --> 1:08:28.240 it's really dope to like watch her navigate. 1:08:29.120 --> 1:08:31.680 Yeah no, and I will say, like will this is 1:08:31.720 --> 1:08:32.439 like a little aside. 1:08:32.479 --> 1:08:35.920 So I signed her up for Black Girls Lead, like 1:08:35.960 --> 1:08:38.479 the Summer the digital kind of like summer Camp, I 1:08:38.479 --> 1:08:41.760 guess for girls. That's hosted by Black Girls Rock and 1:08:41.880 --> 1:08:45.400 Michelle Obama did the opening speech, and then came Missy 1:08:45.479 --> 1:08:47.679 Copeland and then somebody else. So I think I was fourth, 1:08:47.760 --> 1:08:50.519 Like right after Michelle Obama geeked and the next day 1:08:50.560 --> 1:08:53.479 she was like, Tiffy, do you know that your session 1:08:53.560 --> 1:08:56.000 was top rated for yesterday? I'm like, what do you mean? 1:08:56.400 --> 1:08:58.439 She was like, we had to vote who our favorite was, 1:08:58.479 --> 1:09:00.639 and you got twenty eight percent of the votes. I 1:09:00.680 --> 1:09:02.200 was like, not over, miss Michelle. 1:09:03.439 --> 1:09:04.479 Yes, I was like these kids. 1:09:04.640 --> 1:09:06.439 I mean not that I'm surprised, of course, I know 1:09:06.520 --> 1:09:08.479 that you're fabulous, but I was. 1:09:08.520 --> 1:09:10.439 Like, but honestly, I'm like, these kids don't know no better, 1:09:10.479 --> 1:09:11.080 because don't. 1:09:10.960 --> 1:09:11.719 Nobody beat Michelle. 1:09:11.760 --> 1:09:12.519 But I take it. 1:09:13.560 --> 1:09:15.880 She was like super Yeah, she was super excited because 1:09:15.880 --> 1:09:18.320 she was like because in it, I had pre recorded mine, 1:09:18.400 --> 1:09:20.519 I talked about her and used her as an example 1:09:20.520 --> 1:09:22.320 of how you can make money on your own. So 1:09:22.439 --> 1:09:24.439 for the girls to listen and watch, I could tell 1:09:24.479 --> 1:09:27.200 she felt really special, like it's me, she's talking about me, 1:09:27.320 --> 1:09:28.720 so we're friends again for now? 1:09:30.080 --> 1:09:33.479 Right now? Amen to that listen Oh, that's amazing. I 1:09:33.479 --> 1:09:36.920 can't wait to see how Rio grows up. I'm I'm 1:09:36.960 --> 1:09:39.040 kind of obsessed with thinking about what he'll be. And 1:09:40.280 --> 1:09:43.800 I'm just I think as a parent, I'm afraid because 1:09:43.840 --> 1:09:45.639 you know how like your kids will do the opposite 1:09:45.680 --> 1:09:48.280 of what you want sometimes, like I don't want to, 1:09:48.320 --> 1:09:50.800 I don't like how much is too much? And should 1:09:50.840 --> 1:09:53.120 I go like all in on teaching him stuff? She 1:09:53.280 --> 1:09:54.720 let him find it on his own. I don't know. 1:09:54.800 --> 1:09:56.880 That's why I'm so fascinated by Christina and i'm on 1:09:57.000 --> 1:09:59.599 because their girls seem to have such a healthy not 1:09:59.680 --> 1:10:03.280 just not only do they understand the different financial topics 1:10:03.280 --> 1:10:06.080 that their parents talk about, but they're all so curious 1:10:06.120 --> 1:10:08.360 and excited to do it themselves, Like how did they 1:10:08.400 --> 1:10:10.880 do that? I know I'm going to be studying them 1:10:10.880 --> 1:10:14.960 for I know everybody in a really creepy way just 1:10:15.280 --> 1:10:17.120 sending I'm just going to slide into their dms all 1:10:17.160 --> 1:10:20.080 the time. Well, I loved having them on the show. 1:10:20.120 --> 1:10:22.840 And if y'all like, who else are we missing? Who 1:10:22.840 --> 1:10:25.160 else are y'all like? Who's on YouTube? Who's out there 1:10:25.240 --> 1:10:27.680 that who have fabulous stories that are inspiring y'all that 1:10:27.720 --> 1:10:29.840 y'all want to hear more from We'd love to get 1:10:29.840 --> 1:10:31.800 in touch with them and have more folks on the show. 1:10:32.280 --> 1:10:34.599 We certainly would, We certainly would. 1:10:35.720 --> 1:10:38.920 All Right, Well, thank y'all for another beautiful week of 1:10:38.960 --> 1:10:39.599 Brown Ambition. 1:10:39.720 --> 1:10:46.919 We'll see y'all next week, next week,