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On Cash Flow
United States
Приєднався 24 кві 2014
Hello Everyone! My name is Zach, and welcome to the On Cash Flow UA-cam channel!
This channel is all about Financial Independence, and Early Retirement (F.I.R.E). I cover many personal finance topics with a F.I.R.E mindset such as investing, increasing income, decreasing expenses, and tax optimization.
I even share some of my personal successes and failures related to my own financial independence journey.
Thank you so much for watching!
This channel is all about Financial Independence, and Early Retirement (F.I.R.E). I cover many personal finance topics with a F.I.R.E mindset such as investing, increasing income, decreasing expenses, and tax optimization.
I even share some of my personal successes and failures related to my own financial independence journey.
Thank you so much for watching!
This Tool Helped Me Get Financial Independence in My 20s
FICalc.app is an online tool for estimating the success rate of a retirement plan that is free to use. I have used FiCalc for several years along my journey to achieving financial independence, and I want to share some of the basics of how this tool can help you too.
Have you seen the video where I share my journey to F.I.R.E?
ua-cam.com/video/TUbaVqyjgno/v-deo.html
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All Of My Favorite Financial Resources:
www.oncashflow.com/resources
How I Track My Personal Finances:
www.oncashflow.com/track
Investment Platform That I Use:
www.oncashflow.com/invest
My Favorite Calculator For Financial Independence:
www.oncashflow.com/retirement
Software I Use To File My Taxes:
www.oncashflow.com/tax
Products I Buy To Save Money:
www.oncashflow.com/shop
Get Personalized Consulting From Me:
www.oncashflow.com/consult/
Become a Channel Member for Exclusive Perks:
ua-cam.com/users/oncashflowjoin
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#financialindependence
#FIRE
#earlyretirement
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This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Before making financial and legal decisions, consult financial and legal professionals licensed in your jurisdiction. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.
Have you seen the video where I share my journey to F.I.R.E?
ua-cam.com/video/TUbaVqyjgno/v-deo.html
************************************************************
All Of My Favorite Financial Resources:
www.oncashflow.com/resources
How I Track My Personal Finances:
www.oncashflow.com/track
Investment Platform That I Use:
www.oncashflow.com/invest
My Favorite Calculator For Financial Independence:
www.oncashflow.com/retirement
Software I Use To File My Taxes:
www.oncashflow.com/tax
Products I Buy To Save Money:
www.oncashflow.com/shop
Get Personalized Consulting From Me:
www.oncashflow.com/consult/
Become a Channel Member for Exclusive Perks:
ua-cam.com/users/oncashflowjoin
************************************************************
#financialindependence
#FIRE
#earlyretirement
************************************************************
This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Before making financial and legal decisions, consult financial and legal professionals licensed in your jurisdiction. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.
Переглядів: 430
Відео
This Is Why I'm "Rich" (7 Reasons)
Переглядів 598Місяць тому
I have been fortunate enough to accumulate a good amount of wealth at a relatively young age thanks to a few key reasons that I have consistently stuck to for all of my adult life. While the methods that I have used to generate my wealth are relatively simple, not many people are able or willing to do them, especially at a young age. Nevertheless, here are my "secrets" that have built my wealth...
$100k Retirement Income and $0 Federal Income Tax
Переглядів 6942 місяці тому
If you want to retire while spending six figures, then one of your biggest expenses is likely to be income tax. The progressive nature of the U.S. tax system levies more income tax on those with higher incomes. $100k is still considered a high income, and therefore, is taxed higher. However, if you are retired and creating your own "paycheck" then you have some unique advantages for tax avoidan...
Why Being Frugal Is So Crucial To Achieving Economic Freedom
Переглядів 1 тис.2 місяці тому
The "secret" to achieving financial independence and economic freedom is being frugal. That is what I believe is the most powerful tool that many of us can wield in our battle against economic hardship. Being frugal mean being flexible, and mostly self-reliant. It is more of a mindset than anything else. There's a big reason why cutting your expenses is often the first piece of advice given my ...
Do These 10 Things Before You Retire Early (FIRE)
Переглядів 5202 місяці тому
Make sure you take care of these important tasks BEFORE you retire because it will make you much more likely to have a happy and successful life. While it is super exciting leading up to declaring your financial independence, there is some due diligence that all of us must consider before we finally retire and enjoy our new life. I hope this video can help you get on the right track to being sq...
6 Things I Learned The Hard Way 3yrs After 'Retiring' Early
Переглядів 2,4 тис.3 місяці тому
Some things you have to learn the "hard way", meaning that you have to experience them yourself before you learn the lesson. Financial Independence and Early Retirement is no different. There is so much that I have learned in the past 3 years of being retired early, and I want to share some of the most important lessons that I have learned with you. I also want to share the story of my journey ...
Demystifying The Roth IRA Tax-Free Withdrawal 5-Year Rules
Переглядів 7243 місяці тому
The Roth IRA is a powerful tool for retirement and financial independence. When used right, you can build a massive amount of tax-free wealth for you to enjoy when you retire. However, like most things in the tax code, there are some rules and complications that you must follow in order to benefit the most from your Roth IRA. two of these rules are known as the "5-year rule" for Roth IRAs. Ther...
i completely changed my cash strategy
Переглядів 8053 місяці тому
Having some cash as part of your overall asset allocation is probably a good idea. The problem arises when you hold too much cash relative to your other investments, or relative to your overall net worth. Right now I am facing the "problem" of having too much cash because of a big change in my life. I'm not exactly sure how I want to deploy all of this cash, so I am sharing my dilemma with you ...
Underrated Habits For Achieving Financial Independence
Переглядів 7344 місяці тому
Having good financial habits can allow you to reach financial independence and early retirement so quickly and so effortlessly, that it's almost like cheating. That's because habits are mostly automatic and built into your daily routine. Therefore, if you can build good financial habits that are conducive to wealth building, then you can build wealth nearly on autopilot! Yet Another Video Inspi...
The Truth About Federal Income Tax Rates In America
Переглядів 1,3 тис.4 місяці тому
When you look at the marginal federal income tax rates, it can seem quite daunting. At first glance, it appears that most Americans are paying around 22% or 24% of their income in federal income tax given average incomes. However, this is quite misleading because federal income tax is not so simple because you have to account for deductions, adjustments, and tax credits. The best way to determi...
It's Time To Start Thinking Of Early Retirement Differently
Переглядів 6295 місяців тому
Do you want to "retire" early? Most people will probably say yes, while at the same time, most people have a very different opinion on what it means to "retire". This is fine, but the real question is if early retirement is possible, and is it worth pursuing. This is a much deeper question that has a lot of nuance to answering it. Well, I'm here to state my case on what we should agree about wh...
Downsides Of Financial Independence You Didn't Think About
Переглядів 2,9 тис.5 місяців тому
Achieving financial independence and early retirement comes with a lot of benefits and advantages in life. However, not everything is going to be perfect once you retire early. There are still going to be hardships and challenges in life. Some of these challenges and hardships are brought upon by the fact that you retired early. That's why I want you to be aware of the consequences of early ret...
i just wrecked my asset withdrawals in early retirement
Переглядів 1,6 тис.5 місяців тому
Your asset withdrawal strategy in retirement (especially early retirement) is one of the most important things to keep in check for a successful retirement. I formulated my asset withdrawal strategy using lots of research, logic, and time...but then..I broke it. This video explores how and why I drastically changed my asset withdrawal strategy this year for my financial independence journey. Wh...
These Financial Independence Principles Will Never Change
Переглядів 3976 місяців тому
Financial Independence is about so much more than just escaping the rat race of modern life. Sure, one of the best aspects of reaching financial independence is the ability to quit your job if you want to, but the real benefit is all of the other options that it opens up to you because earning money is no longer your number one priority in life. There are many ways that one can reach financial ...
STAY Rich By Using The Roth IRA Ladder Conversion Strategy!
Переглядів 1,8 тис.6 місяців тому
The Roth IRA ladder conversion strategy can easily save you hundreds of thousands of dollars on your federal income taxes over your lifetime. It does this by helping you avoid taking large required minimum distributions, and it avoids paying income tax on large withdrawals you may be forced to take in the future to pay for increased medical expenses and long-term care. It's almost too good to b...
401k Matches Aren't Always "Free Money"
Переглядів 3 тис.6 місяців тому
401k Matches Aren't Always "Free Money"
exposing my 2023 spending In early retirement
Переглядів 1,7 тис.6 місяців тому
exposing my 2023 spending In early retirement
Mint Is Gone! Track Your Finances HERE Instead.
Переглядів 7957 місяців тому
Mint Is Gone! Track Your Finances HERE Instead.
Here's The Best Places To Work For Barista FIRE
Переглядів 9917 місяців тому
Here's The Best Places To Work For Barista FIRE
Don't Fall For The $0 Income Tax State Trap For Retirement
Переглядів 1,2 тис.7 місяців тому
Don't Fall For The $0 Income Tax State Trap For Retirement
exposing my early retirement budget in 2024 (only $2,300/mo)
Переглядів 7507 місяців тому
exposing my early retirement budget in 2024 (only $2,300/mo)
How To Pay $0 Federal Income Tax In 2024 (With a W-2)
Переглядів 1 тис.7 місяців тому
How To Pay $0 Federal Income Tax In 2024 (With a W-2)
My 2024 Financial Independence Asset Withdrawal Strategy
Переглядів 7308 місяців тому
My 2024 Financial Independence Asset Withdrawal Strategy
how much YouTube pays me as a "Financial Youtuber"
Переглядів 1,6 тис.8 місяців тому
how much UA-cam pays me as a "Financial UA-camr"
my asset allocation is a mess right now
Переглядів 4368 місяців тому
my asset allocation is a mess right now
Do This To Achieve Financial Independence Stupid Fast
Переглядів 9468 місяців тому
Do This To Achieve Financial Independence Stupid Fast
Don't Use Fidelity's "Rule of 45%". Do This Instead.
Переглядів 8649 місяців тому
Don't Use Fidelity's "Rule of 45%". Do This Instead.
I'm so glad that I did these 5 things BEFORE I retired early
Переглядів 2,6 тис.9 місяців тому
I'm so glad that I did these 5 things BEFORE I retired early
The Truth About The Roth IRA Conversion Ladder In Retirement
Переглядів 3,8 тис.9 місяців тому
The Truth About The Roth IRA Conversion Ladder In Retirement
How Does Your 401k Stack Up To These 5 Million Investors!?
Переглядів 1,2 тис.9 місяців тому
How Does Your 401k Stack Up To These 5 Million Investors!?
Can i invest from foreign country in s&p 500? And if i do then i have to pay double taxes right? To US and also to my country?
Private credit involves loans to private companies, often offering higher returns and diversification. Due to its complexity and risks, a financial adviser can help with due diligence, access, and risk management, ensuring investments fit your strategy and comply with regulations.
In the realm of private credit, diversification and a deep grasp of market dynamics are essential, particularly in volatile times. Balancing potential opportunities with prudent risk assessment can guide investors effectively through the complexities of private credit investments.
Certainly, I’ve been working with a specialized financial adviser to navigate private credit investments. Starting with an initial allocation of $100k, my adviser has strategically managed my investments, optimizing entry and exit points. This approach has grown my private credit portfolio to approximately $500k.,
Certainly, I’ve been working with a specialized financial adviser to navigate private credit investments. Starting with an initial allocation of $100k, my adviser has strategically managed my investments, optimizing entry and exit points. This approach has grown my private credit portfolio to approximately $500k.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Nicole Anastasia Plumlee the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@IbrahimIsabella-00 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@YinusaSaheed My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@IbrahimIsabella-00 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Does depreciation decrease your net profit or only your gross revenue
Martinez Amy Harris Michelle Hernandez Shirley
Thank you for making this video it’s very helpful and informative. I just wanted to verify that I’m doing it correctly, so I found the fidelity s&p 500 index fund that you talked about at 4:55 in the video. I clicked buy on that and what I’m getting at is that on the next page to where it takes you, there’s a dollar amount of $196.54 next to where it says symbol (FXAIX), what does that amount mean?
FICA is higher than my taxable income -_-.
Wow.do you invest in etf 😅😅
I would be interested in accessing some knowledge in a one on one
How to get stock for a vanguard s&p 500 no loan ????
You can deposit cash into your retirement/brokerage account and purchase shares without a loan! :)
Failure to plan IS a plan for failure...I got off hamster wheel back in 2021 at age 59...never looked back!!
Congratulations!
I too have benefited greatly from travel hacking. I have probably gleaned 6,000 or so dollars of free travel so far and it is thrilling 4:14 to me every time I get to use my points in a baller way to pay for travel. Most recently I flew my family of 4 for a 4-day San Francisco trip entirely on points. I was then able to employ hotel points as well. A luxury vacation for very low cost
That's so awesome! We can control our spending and smartly use credit cards, and so we can reap the benefits without many of the downsides. I sometimes pay for an annual fee upfront ($99 usually) but I can literally get $700+ of travel and benefits out of that card (and I close them before the next annual fee!). It really feels like a superpower, doesn't it!?
The two biggest contributors to my wealth have been signing up for the employee match and investing in my workplace 403b almost 20 years ago for myself and my husband and buying a house that was only $88,000 and paying it off
Time and consistency has made a huge impact! 20 Years of consistently investing is really impressive!
i retired at age 57 when i just couldn't tolerate sitting in traffic 3-4 hours daily after the "return to office" BS was unleashed upon the world. closer jobs didn't pay well enuf to justify my time & attention. i really wanted to stay in the workforce but making us come into the office to do a job we can do remotely, it just wasn't worth it, especially considering the nonsensical reasons corporate america gave us for demanding we be on site.
Did you end up moving farther away during the whole move to remote work? 3-4 hours is brutal! Nowadays I get tired driving 1 hour somewhere, haha.
@@OnCashFlow no, i am in the same location now as i was leading up to the whole covid thing. i tolerated the commute pre-covid b/c i wasn't in a financial position to walk away. once we proved to the world our jobs could be done as effectively (arguably better) remote, it just made no sense to give up that work/life balance.
Eating out is one of the biggest thing that eat up income. I can feed a family of 4 for 2 weeks for $75: 64 eggs $10, 42oz jar of oatmeal $6, 2 bags of 5lb rice $7, 6lbs ground beef $30, 5lb bag of potatoes $4, 8lbs of apples $7. Eating out is costly & one cost many don’t include is maintenance on vehicle for driving to get food. It’s not that ur paying $33 for a meal it’s the mileage as well which ranges from .66 cents to 3.00 depending where u stay.
Wow, $75 for two weeks and a family of 4 is crazy low!
In regards to the health insurance, there’s also HRA 105. As an insurance agent, I use it myself to deduct my premiums AND medical expenses through my single employee LLC
I have heard about HRAs, and how they can be extremely beneficial to SE when you have higher than usual medical costs.
Found the video I need! I’ve been investing for about 3-4 years now and have some assets in ROTH IRA and taxable brokerage account. The topic you discussed, qualified (long-term capital gains) vs. non qualified (ordinary), tax rates on dividends were difficult concepts I did not understand not until today. This is the second video I’ve watched from your channel and it gave me hope. It gave me hope because I thought that taxable accounts are not where you want to park your money. But then, learning that dividends can be tax at 0% for single individuals like me who is not working but have sum of money I can invest is amazing. Thank you for your time and effort into sharing valuable information and knowledge to all of us.
I'm so glad that I could be helpful! "Taxable accounts" sound scary because they make you think of losing a lot of your investment gains to income tax, but if you invest passively over a long-term horizon, the tax burden is not much! I think you may find this video on taxable accounts helpful :) ua-cam.com/video/r7kLvkJuvJo/v-deo.html
Great video as always. However, I would like some examples about the Holding Period. Additionally, for U.S. veterans that have assets in a taxable non-retirement account who are receiving untaxed compensation from the VA, do they always fall under the 0% tax on their quarterly dividends since they have no income (e.g., those in receipt of TDIU benefits)?
As far as my understanding goes, VA disability is non-taxable, so it shouldn't controbute to taxable income, of which the dividends would fall into. So if total income puts you under the threshold of the 0% tax on LT dividends, then their should be no income tax.
This video was created four years ago and it is still true in 2024. There are some differences in the qualified dividend’s filing status though because I didn’t see married filing jointly and/or married filing separately. The other thing I noticed that was not mentioned is the timing of the dividend payments. Buying an ETF or mutual funds should be 6 months (I’m guessing here) before the dividend payment to shareholders. But overall, an informative video.
Thank you very much for watching!
With the Roth IRA, if you stop working does that mean you can’t make contributions anymore? Can you use your spouse’s income?
Yes, a spouse's earned income can be used to contribute to both their own IRA and their spouse's IRA. One of the two spouses needs "earned income" to be eligible to contribute to a any type of IRA, including Roth.
I was 100 percent stock (mostly S and P) for 30 years before retirement. No regrets and I never worried about it because I had a long term mindset. I learned in finance class that the S and P functions like a random number with a mean of around 10 percent. So, if you play the game long enough, you get that. Also, per SPIVA (and Jack Bogle) the S and P beats over 85% of funds that benchmark to it over 10 years. Now, because I'm drawing down my retirement I cut back a little to 95/5 to provide emergency money so I don't need to draw down stocks in a bad market in an emergency. But other than that, 100 percent stocks. I never invested in bonds to smooth the ride because I had faith in the long term 10 percent of the S and P. And, it's not the ride that matters, it's the destination. Where are you going to be in 10 years not how you get there.
Well said, not many people have done just that for that many amount of years. I hope with more information and options available today, that more people can invest passively for decades and reap the benefits as you have!
Hello I am new just learning about S&P 500, what is the best app to use for investing? thanks!
The best depends, but I encourage not having an app at all so that you set up regular investments that buy the index, and then practically forget about it. I recommend Vanguard, Fidelity, M1, and/or Schwab.
We moved & retired on $1710 per month in Northern California. We long for nothing. Keys to our success: ✔ Bought a major fixer upper off-grid cabin for 87k on 9 acres. Property tax is only $85 a mo.. Remodeled it ourselves, no permits, ✔ Location. Sunny 65% of the yr means our FREE DIY Solar powers our home, E-Bikes & the 2020 Chevy Bolt (E-car) most of the yr ✔ 15 min to: health food store, our bible church, gas/mini mart, Farmers Market, Cafe, Library, School & 2 active community centers ✔ We grow our Winter Vegetables in a greenhouse. Water is free via a spring. ✔ Only $40 per month. for 15 Hens, 4 ducks, & 8 Rabbits. They mostly free range but we buy a tiny portion of their food. ✔ Volunteer for the Monthly Food Bank Give-away. Saves us a TON of $ since they allow us to take home the just expired food such as organic milk & eggs, organic veges for our compost pile. Milk wbecomes Farmers Cheese, the eggs we cook up end up in home-made Quiches we bring for our churches meals ministry for the hungry 1x a month.. Also we make batches of these Quiches for church potluck ✔ Hobbies/Interests are almost free. Ccycling, bible study, social events at the community center, & volunteer ✔ We do not pay for Medical/Dental,, Homeowners insurance or water ✔ Only one of us drives. I drive but very rarely.. Too costly to have 2 drivers. ✔ We get $300 in food stamps for 6 months a year. This allows us year round discounts we'd not otherwise have such as $7 a month Amazon Prime & $10 off our Garbage Service. California has the most expensive food costs in the nation. Our highest expense is food but due to the Food Bank & the Farmers Market, we have much lower food costs. We also grow some of our food.
good tool. would be better if 1) has other asset classes, like Gold & REITs
True, but I think it's simple design is there for good reason. Stock/Bond index fund investing is very simple. yet extremely effective in the long run.
While this is a very thorough video, it's still not the complete picture. It's not taking into account the converse of opportunity cost. Basically, it assumes that if you hadn't purchased the car you would be otherwise sitting at home and never traveling or commuting. To be fully accurate, you would have to calculate the cost of rideshare/public transport. Also the cost of lost time relying on others for travel. Harder to calculate: opportunities available for those that have a vehicle -- for example work options and location are a lot more flexible for many people when they have a vehicle, or choosing to drive to the Costco or Sams club in order to save money on groceries.
Everything in life has trade-offs. Every decision we make has a nearly endless amount of opportunity costs. I see your point, and it is valid! Where I live, I practically must have a vehicle. Other's in walkable cities, maybe not so much.
From 15% to 35% tax bracket is a 133% increase. Not 20%
Great way to look at it, it is a huge amount of tax either way!
Does it have to be the same AMOUNT or percentage of pay?
I believe it is same percentage of compensation.
I have netspend and sofi
Never heard of netspend, but I did a Sofi bonus a long time ago
I wish they would just send me a bill like they do in every other first world country
Would be a lot easier! But we have so many deductions and credits that it is very complicated!