Episoder
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Going over all of the money I saved, spent, and earned in the first month of 2023 while working on my progress to FI/RE. This month I re-evaluated a few categories and prepped to finally move in with my boyfriend!
MENTIONS
Squarespace: https://squarespace.syuh.net/4Z44G Poshmark: https://posh.mk/ue0SszMN2fb | Code: MONEYHONEYCATIE Mercari: https://merc.li/QN553ShHb--- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support -
Here's a money recap for 2022 of everything I earned, spent, and saved/invested in 2022 as well as an update on my current net worth and FI/RE number!
MENTIONS
Get an IRS Tax Pin for extra security: https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin• Wealthfront high-interest checking account (Get 4.3% APY for 3 months, normally 3.8%!): https://www.wealthfront.com/c/affiliates/invited/AFFD-XXSK-QL48-VGNL Die With Zero by Bill Perkins: https://amzn.to/3Y5WO7h The Millennial Money Honey Tracker: --- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support -
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As I reflect back on my 20s in anticipation of turning 30 this weekend, here are the 5 key things I did to get in the money mindset to prepare to be Financially Independent and Retire Early (FI/RE) by 35.
📊 My Money Tracker & Rebalancing Calculator
📚 Fave FIRE Resources
I Will Teach You To Be Rich by Ramit Sethi The Simple Path To Wealth by JL Collins Quit Like A Millionaire by Kristy Shen Mr. Money Mustache blog Mad Fientist podcast Our Rich Journey's YouTube🔥 ABOUT
Millennial Money Honey is my way of sharing my FIRE adventure with you. My goal is to achieve financial independence and retire early at 35 with $1.5 million dollars. By talking candidly about my own finances, I want to help you become more financially literate, grow rich, and achieve financial freedom (and retire early or become work optional). I hope to inspire you to take charge of your personal finances, whether you're figuring out how to get out of debt, learning how to budget and invest, starting your own side hustle, or on your way to becoming a millionaire. Let's talk money honey! xo
⚠️ INVESTMENT DISCLAIMER⚠️
I am not a financial advisor. My videos are for educational purposes and are my personal opinions only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary, licensed financial advisor. All investments involve some risk. There's no guarantee that you will be successful in making, saving, or investing money or that you won't experience losses when investing.
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Here are the 10 MOST important money things I wish I knew when I started my first job and earning an income after I graduated college. From learning about to FI/RE and HYSAs to the insane amount money in the tech industry and how RSUs work, I wish I knew these things sooner!
I collaborated a few of my YouTube FI/RE friends to share what we learned the hard way so you don't have to! Be sure to check out their videos too:
The Retired Millennial Gen-Z Finance Liz Gets LoadedGet $5K managed free with Wealthfront.
Track your money with my free spreadsheet.
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FTC/Affiliate Disclosure: By using some of these links, at no extra cost to you, I may earn a small commission, which helps me help you! xo
INVESTMENT DISCLAIMER ⚠️ I am not a financial advisor. My podcast is for educational purposes and are my personal opinions only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary, licensed financial advisor. All investments involve some risk. There's no guarantee that you will be successful in making, saving, or investing money or that you won't experience losses when investing.
--- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support -
Today I'm answering all of your burning FI/RE questions, from what I'm planning on doing for healthcare, how to FIRE if you have trouble working due to health reasons, and how much you need to save to never run out of money and create generational wealth! Plus I talk about my experience working for an MLM and my favorite money apps to earn passive income.
Watch AMA Part 1: https://youtu.be/ci0LNoNhp5M
Easy Passive Income Apps
* Dosh: https://link.dosh.cash/CATIET4
* Drop: https://b.ewd.io/code?c=wuw8a
* Rakuten: https://www.rakuten.com/r/CATIET24?eeid=44971
* Honey: https://www.joinhoney.com/ref/diswdn
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I did an Ask Me Anything sticker on Instagram and y'all came through with the questions. Here is the first part of my two part AMA. I go over all of your question about pursuing Financial Independence and Early Retirement. We're talking about how to get creative to save more money and retire even faster.
Negotiate your bills lower: Budget Blonde, Her First 100K
MMH Girls on FI/RE Facebook Group: https://www.facebook.com/millennialmoneyhoney/
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You may have heard of the FIRE movement, but do you know the different kinds of FIRE? The path to financial independence is not the same for everyone. It's a personal journey that looks different from person to person. Many people have heard of traditional FIRE, but there are other ways to reach financial independence and retire early. Coast FIRE, Lean FIRE, and Fat FIRE are all options that can get you to retirement. Learn more about the ways to retire early and figure out which is best for you!
Calculate your Coast FIRE number with Walletburst's Coast FIRE Calculator
For a CoastFIRE lifestyle follow The Fioneers For a LeanFIRE lifestyle follow A Purple Life For a Traditional FIRE lifestyle follow Millennial Money Honey and Our Rich Journey For a FatFIRE lifestyle follow @jaymillennial and @mywealthdiaryStart your FIRE journey, track your money with Personal Capital
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I failed at half of my goals for Q1, so thanks to your input and suggestions on how to improve, I made better goals for Q2! Financial and money goals have always come more easily to me. The ones I tend to fail at are more related to health and personal development. This video goes over my first quarter goals and improvements for Q2. SHOW NOTESMy giant a$$ water bottleThe Psychology of Money by Morgan HouselThe Vanishing Half by Brit Brennett--- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support
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I've started several hobbies and tried out many little side-businesses over the years. Although I was able to turn a profit on some of the businesses, nothing ever really stuck. I've been working on Millennial Money Honey for over 2 years now and it is the only hobby turned business I've ever been able to consistently keep up with. I dive into the 5 tips that I think made this hobby a success and now profitable!--- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support
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How does one retire early before 65? By tracking your money, discovering your savings rate, and cutting back mercilessly on your spending. In this next video on my FIRE series, I discuss how to start getting your personal finances together and on track to become financially independent. Achieve financial freedom while still spending on what you love—have your avocado toast and still reach FIRE! If you haven't already, be sure to check out part one for getting your financial mindset together.Download my free money tracker: https://www.millennialmoneyhoney.com/free-resourcesMr. Money Mustache Savings Rate Chart: https://www.mrmoneymustache.com/wp-content/uploads/2012/01/mmm-early-retirement-savings-rate.png--- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support
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Why do you want to FI/RE and what will you do once you've achieved financial freedom? The journey to financial independence or early retirement seems simple enough—figure out how much money you need to live off of forever. However, I share with you step by step, where you actually need to start. (Hint: It's not about the money!)--- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support
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I'm a millennial pursuing financial independence, but does NOT mean I'm a total Scrooge. I still spend my money on a lot of things and buy lavish experiences, even though I'm planning on retiring at 35. Although I love saving money so I can retire ASAP, here are the 8 things I'm willing to splurge A LOT of money on.
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How to Spend Mindfully and Discover Your Core Values
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I'm talking with my girl Zion of Zero to Zillions about all things FI/RE, from the first thing you should do to get started on your journey to how to calculate your FI/RE number. Plus I'm sharing some of my favorite resources that helped me get started.
Follow us on Instgram @millennialmoneyhoney and @zerotozillions!
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It's tax season! Have you filed for your 2020 tax return? If you're expecting some money back this year or recently received a cash overflow from your annual performance bonus, here are seven ways you can spend your tax refund. Whether you choose to max out your Roth IRA, invest money in yourself, or donate your money, make sure you maximize your personal finance game with these tips!
Link to Roth IRA income chart I referenced: https://www.investopedia.com/retirement/ira-contribution-limits/
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Today on FIREside chat I'm talking with my friend Taylor over at @imperfectfinance. We're discussing how we create posts, monetize our accounts, and design a brand in the personal finance influencer space!
Follow on Instagram @millennialmoneyhoney and @imperfectfinance
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Here are 10 ideas to earn more money this year that maximize your time and start generating more passive (ish) income. Side hustling is great, but not all are created equal. I am sharing my low-effort ways that I am planning on making money with in 2021. p.s. I realize my first income stream is not really passive or that low-effort haha...my b. Really it should be like 9 lazy income streams 😜
SHOW NOTES
• Resell your clothes, get $10 in Poshmark credit
• Start an Etsy shop and get 40 FREE Etsy listings
• Get cash back when you shop and get $20 on Rakuten
• Get cash back & coupon suggestions using Honey
• Scan your grocery receipts and get 2,000 points when you download Fetch
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Curious about how to retire early but don't know where to start on your journey to financial independence? Start here! I'm walking you through the first and most important step on how to retire early. Get in the right mindset and figure out why you want to join the FIRE movement and achieve financial freedom. Figuring out what matters most to you will help you stay motivated!
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In today's bonus FIREside chat I'm going Live with my friend Judy of @hearmefinance to talk about pursuing FIRE as a SINK (Single Income No Kids) woman, living at home with my parents, and what it's like being on the journey to FIRE on my own.
Follow us on Instagram @millennialmoneyhoney and @hearmefinance.
--- Support this podcast: https://podcasters.spotify.com/pod/show/millennialmoneyhoney/support - Se mer
