The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial t ...
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🔥 Episode Summary
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In this episode, Jesse and Ellie return to share their financial journey from a net worth of $800,000 to over $1.3 million in just two years. They discuss their investment strategies, the impact of parenthood on their financial decisions, and the transition to a single income household. The couple reflects on lifestyle changes after reaching millionaire status, their approach to teaching financial literacy to their children, and their future retirement plans. They also emphasize the importance of community giving and share valuable advice for aspiring millionaires.
🧠 Key Takeaways-
- Their net worth increased from $800,000 to $1.3 million in two years.
- They prioritize maxing out their Roth IRAs and TSP contributions.
- They have hit their coast fire number, allowing them to invest less if desired.
- Community giving has become a focus for them since reaching millionaire status.
- They celebrate financial milestones with small treats and personal spending.
- Transitioning to a single income was manageable due to their high savings rate.
- Travel spending has increased, but they still prioritize experiences over extravagance.
- They teach their children about money through chores and saving.
- They maintain a consistent investment strategy, even during market downturns.
- Living on less than they make is a core principle of their financial philosophy.
- 🗣️ Quotes & Soundbites
- "We've started being more giving."
- "We just bought a cake first."
- "Live on less than you make."
Sponsored by:
Prizepicks.com Code: Millionaire
427 episodes