Comments by "BlackWorldTraveler" (@blackworldtraveler3711) on "Envision Documentary: The Incredible Shrinking Middle Class" video.

  1. I became independently wealthy because I'm middle class that lived within my means. Didn't throw my money at depreciating assets. Didn't keep up with the Joneses. Didn't get married. I front loaded my savings and invested heavily in the early years of my career. And no bastard kids.
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  2. espada9 I became a millionaire by 30 but I didn't save it. Apparently she didn't invest a cent.
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  3. JESSICA nicole I guess it didn't occur to you then. My United Healthcare stock I bought at $19 a share during the Great Recession is currently $226 a share. In less than two weeks I get a quarterly dividend payout of $4500 tax free in my Roth 401k. I'm retiring in less than two years at 50. Dividends from United Healthcare alone will more than cover my ACA until Medicare kicks in later while at the same time helping to put me in a lower tax bracket to only have a $200/mo. premium instead of the $1200/mo.. Serious irony right there.
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  4. FW Poon No excuse. She could have saved and invested something. You can't work that long and don't have enough for even six months of living expenses.
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  5. JESSICA nicole You're in that field and it never occurred to you to invest in those health insurance companies? All three of my sisters a millionaire RNs because of it and still work because they love it......but more on their terms now. That's part of the reason why certain groups of middle class are broke. They just consume and don't invest in goods and services most depend on. Really a no brainier it seems.
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  6. +Ben Chesterman Best kept secret it seems. People spend more than they earn. People all around me throw their money away on all kind of junk. They make the same as I do and can't figure out why I'm retiring before 50
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  7. Preston Chandler She would have to invest it.
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  8. Catherine Whisenand Everybody I know that says that I bring up the years of credit card debt they created and paying on for years ,too big of home,too many kids,new cars, the junk they buy to fill their home etc.... and most of them were the ones laughing at me because I saved/invested early in life and saying things like “live for today” or “ you can’t take it with you” among other things. If you’re just figuring that out it’s too later. Even all of my nieces and nephews learned that money has to be earned to invest when they all started contributing to their Roth IRA at 14 years old. Heck I was saving since 4th grade and had a Schwab account investing into oil/gas stocks in the early 80s.
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  9. Amanda Kwong You invested. Excellent.
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  10. +Ed Denoy I've been told that by people in California for years. The thing is I'm retired before 50 debt free and substantial net worth. And these same people are over their heads and paycheck to paycheck. And can't afford to retire. Actually knowing you can't afford to live somewhere and don't live there is smart. Heck being in Tulsa making $90k-$110k and easily living on $50k or less was better for me.
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  11. uruglytoo Because I decided to live in Oklahoma making $120k-$160k a year working 3-4 days a week I'm doing fine. Always lived within means. I can retire early and comfortably in Tulsa,Marco Island,Rome,and Lugano Switzerland because I own a home at these places. And I'm debt free. Was able to save/invest and financially available for opportunities. My total living expenses in Tulsa is around $1250 a month in a upper middle class area. Investments pay my total expenses in Florida. That's why when people in California tell me Oklahoma is a third world country and they would never live here I take that as a compliment and say nothing.
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  12. I've done it. I've made between $90k-$110k in Tulsa,OK and save and invest $30k-50k a year. Became a Roth 401k millionaire two years ago Home in a nice upper.middle class area. Retiring before 50. I live within my means though. And don't throw money at depreciating asserts and "things".
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  13. +Ed Denoy I'm able to live anywhere now no problem. I've been there a few times. I may visit for a while with friends but don't want to live there. A friend of mine is building a house there to retire and they will be able to live very comfortable with his $40k pension alone. I have a home in Lugano Switzerland that is a bed and breakfast,and a rental in Rome. Also a condo in Florida I bought during the mortgage crisis. I work for American Airlines here in Tulsa so I can fly free for life. Been to over 50 countries and plan to stay in a few places with friends for a few months to a year or more. Living within my means really paid off. Heck I've been on sabbatical for two months now traveling to New Zealand and the Cooks. In Hong Kong presently. Doing this without pay. Haven't even used my 6 weeks vacation yet this year. Became a Roth 401k millionaire two years ago. Could not do this if I lived in places like San Diego.
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  14. Min Maung Maung When businesses are profitable I'm being rewarded as well as an investor. I invested and saved instead of spending every cent I have and living beyond means.
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  15. A N Detjen All of my investments always had value during the worst times. And paying dividends.
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  16. A N Detjen Not only you or myself it's anyone until you sell. Been investing since the 70s.I take advantage during crashes and black swan events.My biggest holdings are Exxon/Mobile(22k) Oneok(12k),several dozen others including 3 shares of Berkshire Hathaway. Also REITs,Index funds and other correlated assets.Emergency funds,Roth 401k,Roth IRA,and taxable accounts. Home in Switzerland that generate income as a B&B three months a year.Rental in Rome. Condo in Marco Island. No debt and live within my means. Seen pretty bad times but I say bring it on. Have cash on standby and looking forward to it. The last great recession(or what ever they called it) put my 401k over one million. Cash was king in 2008.
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  17. A N Detjen Maybe drop in unrealized gains or loss of portfolio value. You only lose money if you sell. If cash lose value it just lose value. As they say in the Mad Max movies....a shot gun and a can of gasoline will get you far or whatever.
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  18. Ed Denoy At least get on the Maury show and find out.
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  19. Catherine Whisenand Always. Except when FOX canceled the Firefly TV series. That was good sci-fi.
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  20. You are suppose to know how to read and do basic math.
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