Who Wants to Be a Millionaire? These days, just about everyone.
As such, the personal finance advice industry is more crowded than ever. Budding influencers often lead the way with promises of get-rich-quick schemes and self-made financial independence – the #StockTok hashtag has topped 3 billion views on TikTok alone. Most are there to make a quick buck. For self-made millionaires Rhianna and Jon Schoeller, however, sharing their lessons learned online has a much deeper meaning.
The West Virginia couple retired in their late 20s working multiple jobs and living on a shoestring budget for nearly a decade. Then they became foster parents, which “changed everything”, according to Rhianna, now 33. The couple embrace their unique family dynamics and love of travel on Youtubewhere their relevant, unscripted vlogs quickly garnered over 335,000 subscribers.
Hustle culture often evokes visions of yacht selfies and a lavish lifestyle. For many proponents of the financial independence, early retirement, or FIRE movement, however, the journey to becoming work-optional means embracing a sometimes brutal budget — and taking a closer look at the mindsets that drive your day-to-day financial decisions. . “We’re too extreme for most people,” said Jon, 36.
Here’s how a millennial couple became financially independent and used their free time to become adoptive parents, plus tips for becoming a frugal investor yourself.
The couple overcame a low-income upbringing
When Rhianna and Jon met in 2008, a common bond they shared was growing up in a low-income family. “My frugality was a survival type thing. I was in foster care as a kid, and so was my sister,” Rhianna said. “My sister and I were sharing clothes, buying used and just trying to save money where we could.” Rhianna went to nursing school and Jon started a moving business.
After finding his footing financially in his early twenties, Jon made his first major purchase: a brand new BMW, along with a monthly payment of $700. “All my friends thought it was the coolest thing in the world, but I worked all day as a mover, so I never drove it,” Jon said. Like many millennials, the Schoellers realized that what they really wanted to do was travel, and that their money would be better spent cultivating experiences together.
“I had an atlas when I was a kid, because it was before the internet. I loved it,” Rhianna said.
“I also had an atlas! says Jon.
“Yes! I would write on it the places I wanted to go,” Rhianna said. “But going to Africa might as well have been like going to space because it was so far-fetched for me. [at the time]“, said Rhianna.
Jon eventually sold his BMW back to the dealership at a loss of $9,000. He said he tells people it was the best investment he ever made, because it taught him a lesson and reignited his desire to live more frugally. The couple used the freed up money to start traveling regularly, taking their first international trip together to Jamaica the same year.
“We went through a travel agent because we didn’t even know you could book trips like this yourself – that’s how little we knew,” Jon said. “And there was a poster on the wall with the most beautiful place I’ve ever seen, the Maldives.” The agent told the Schoellers that the Maldives was well out of their budget, which they accepted as a challenge for the future; the couple then fled to the Maldives in 2013.
“I think it’s that we couldn’t do all those things when we were younger. Now we’re like free birds, we just want to go everywhere,” added Jon.
The hustle hamster wheel
The Schoellers wanted to work, save money and travel, and that’s about it. Over the next eight years, Rhianna and Jon worked multiple jobs, lived well below their means, and pocketed every extra dollar they had. Unaware of investing, the couple saved everything in cash, amassing more than $350,000 in cash savings in 2016. It took an inflation explanation to convince them that investing their savings would help preserve their wealth, a said Jon.
“If you grew up in a family that didn’t have a financial education, they’ll put you off investing,” Jon said. “They don’t understand how [market] accidents correct themselves over time. It’s not a blow to our parents – they didn’t find out either.”
The hustle can itself become an avoidance tactic, and avoidant coping often happens when it comes to personal finances, said Megan Ford, financial therapist and counselor for Stack, a financial wellness app. “We tend to naturally lean toward avoidance when something feels overwhelming, out of reach, or scary,” Ford said. “In our minds, we are so caught up in not understanding this complex system that we just put it aside and don’t [learn about personal finance] when we should.”
The anxiety that accompanies avoidance can be crippling, but it’s manageable with intentional action, said Traci Williams, a certified psychologist and a certified financial therapist. “The problem with anxiety is that it’s not just in our head, it’s also in our body. If you start to feel anxious, addressing the thoughts that arise can help you,” says Williams.
“Retirement is a scam”
Softening their outlook around money helped the Schoellers discover investing, real estate, and the financial independence movement, which greatly increased their wealth in the years that followed. When Jon had the opportunity to sell his moving company and become a work elective, he pounced – and found he hated having nothing to do.
“We were there, visiting Hawaii, and I was so depressed,” Jon said. “Retirement is a scam. It’s the mad rush people don’t like to talk about.” He said he realized he didn’t want to retire; he wanted it ability to retire. Although financially independent, Jon now works full time in real estate and consulting, Rhianna is a nurse anesthetist and the couple share their work and life on social media platforms like Youtube.
They decided to cultivate a life with purpose
The couple had talked about having children, but they weren’t obligated to have biological children. “There are a lot of billboards around West Virginia saying foster families are needed,” Rhianna said. Since the couple planned to stay there for at least three years for Rhianna’s graduate studies, they decided it was a good time to apply to become foster parents, a process they say took about ten months before being paired with their now daughter, Tyanna.
Now 4, Tyanna has visited 10 countries and “eight or nine” Caribbean islands so far. The Schoellers aim to visit 50 countries and all 50 states before their daughter turns 18, favoring sustainable travel options where resorts pay ethical wages.
“Our daughter changed our perspective. I would say we were workaholics, we wanted to spend all our time working. If we had extra time, we thought we had to spend it to make money “, said Rhianna. “Now that we have our daughter, all we want is to spend time with her because it’s limited.”
The Schoellers do all of their video editing themselves and opt for a messier, more relevant video format. “A lot of family vloggers, [their content] is organized, children are in matching outfits, beautiful house, beautiful cars. It feels scripted,” Jon said.
Tips for being a thrifty investor
If you haven’t started investing yet, you’re not alone: More than two in five Americans don’t own any stocks, according to a recent study Gallup poll. Whether you’re planning for retirement or just want to grow your savings, the following tips can help get you on the right track.
Accept the budget reduction
Side hustles get all the attention, but if you can too lighten your budget or choose less expensive options when you travel, you’ll be preparing to build wealth faster. “When we travel, we don’t stay in five-star places,” Jon said. “We want to see the place, not live in the hotel.”
That being said, if your budget gets so tight that it becomes unsustainable, instead reallocate your willpower to increasing your income to ensure you don’t burn out.
Master the basics of saving and investing
Whispers of a impending recession continue to persist. While it may be tempting to protect your money by storing it under the mattress, there are other options that will better protect you from inflation. High performance savings accounts, Series I Savings Bonds And exchange traded funds can help you earn interest on your money with little or no management.
Spend your money on what you want, not what other people think is cool
The feeling of belonging is powerful and we are often tempted to splurge to be accepted. The Schoellers said their current financial habits and social media presence sometimes make them feel like outsiders, but are also a form of frugality activism as they unlearn scarcity thought patterns.
“I was so worried in high school about what I wore. I didn’t like wearing a collared shirt, but everyone said you had to wear the collared shirt, so I did. Then , it was two collared shirts. Then two collared shirts, with both collars popped out. I was like, ‘I can’t keep up, I’m out,'” Jon said. “A lot of what I do today stems from the anxiety and discomfort I felt during my school years.”
“It’s like a societal rebellion,” Rhianna said.
“We’ve had people like, ‘Jon and Rihanna, you have to come with us on this vacation. You literally do nothing, just sit in the lounge chair, and when you’re thirsty you press a button and they bring you your drink. “I can’t do this,” Jon said.
“It’s too uncomfortable,” Rhianna said.
“So uncomfortable,” Jon agreed.
“I can get up and have my own drink,” Rhianna said.
Save for the future while living your best life in the present
Although the Schoellers are millennial millionaires, you wouldn’t know it by watching them on YouTube. “We come from very humble beginnings, and now anything outside of that is uncomfortable, because we know what it’s like to be the people who serve those people,” Jon said.
When it comes to early retirement, Rhianna and Jon have tried and said it’s just not for them.
“We lead a more modest life, continue to work and travel a lot,” Rhianna said, “and people seem to like watching that.”
More money stories
Create a Facebook account 2022
Anyone can Create a new Facebook account. if you want Create a Facebook account
or configure it, see this guide. Here you will find step-by-step
instructions on how to set up a Facebook account in different ways, how
to get a Facebook page for your business.
Advantages of creating a Facebook account
It’s
no secret that Facebook is one of the biggest social media platforms
today, it is dominating the social media market where you can find all
your friends, relatives and colleagues, follow the content you want and
reach the celebrities who know you. . , in short, Facebook offers the
following features:
Meet new people on social media.
Share photos, videos and moments.
Find local events.
Perfect game collection to spend your free time.
Watch live and important videos.
Buying and selling from within the Facebook app.
Good notification system for all updates.
Create a new Facebook account without a phone number
naturally, How to create a Facebook account
Very simple, almost all users know, simple and not at all
complicated, but one of the requirements to create your personal
Facebook account is that you have a phone number to confirm it. account
when you create it, but to the delight of some users, you can Create Facebook account without a phone number easily through your android phone.
How to Create a New Facebook Account Without a Phone Number
Facebook
It is a social and business website for some users, but when you have a
personal Facebook account and you have some business and you want
customers to connect with you on Facebook, you should not provide your
personal account to protect privacy and not . frequently throughout the
day, so you will have to Create a Facebook account another to
receive your orders. And some people want another Facebook account just
to hang out with friends. Let’s learn together How to Create a Facebook Account Without a Phone Number in the next paragraph.
How to Create a New Facebook Account Without a Phone Number
necessary process Create a Facebook account
Not tied to a phone number You have an Android phone and it just needs
to be an Android phone. Then follow these steps to create an account on
your phone without the help of a laptop:
Access the Google Play Store.
Find Facebook Lite Facebook.
Then download and install the app on your phone.
Open the app and choose the language that suits you best.
Click Create New Account.
Then fill in your first and last name.
When you reach the phone number step, you will find the registration via email at the bottom of the screen.
Click to register via email.
Type your e-mail.
Then click next and wait for the activation code to be sent to your email.
Then add the activation code.
Fill in the registration information.
The second way to create a new Facebook account without a phone number
There are many ways To create a Facebook account
No need for a phone number to sign up for an account. One of the ways
is to use a number that is different from your personal number, like
using a fake number from the Internet, and you can find many
applications in the Google Play Store that provide this service, and it
is a service that creates Americans, for example, or numbers that Brits
must activate social media accounts like WhatsApp, Facebook, Instagram
and other social media sites. With these apps you can create an account
on any app and get a fake number with which you can easily create an
account on the Facebook social networking platform and associate the
fake phone number with that account.
imperfections Create a new Facebook account without a phone number
Activating a Facebook account with a fake number has disadvantages and
harms, mainly losing your account in an application that provides a
service to create fake numbers. You are from Facebook on your phone
number, in this case you cannot receive the code because you do not have
a dummy account. Or because Facebook has received many complaints
about your personal Facebook account and wants to verify the credibility
of the account holder by sending a code on your phone or on the number
you linked to the account, here in this case we are talking about fake
numbers.
Configure your Facebook profile
If you are new to this social networking platform then… Create a Facebook profile It can be stressful for you. So here are some tips to help you get started with Facebook:
Add
a Profile Photo – You should add your photo first so your friends and
acquaintances can easily identify you and send you friend requests.
ADD
SOME FRIENDS – Start looking for your friends and send them friend
requests, but make sure not to overdo it, as this can block your FB
account or get Facebook arrested.
Privacy settings – Create a new Facebook account
one thing and managing it is another; Understand your privacy settings
before posting too much personal information on Facebook. It’s
important to know how you share your personal information with others
and with the Facebook app so you don’t run into privacy issues.
Important
tip – If you are using a Facebook account on a public network, never
share your password with anyone. Also, do not enter the wrong password
multiple times as this will deactivate your Facebook account.
Are you having trouble logging into your Facebook account?
If you are unable to log in to your Facebook account, you can recover it by following these steps:
Try to recover your Facebook account
If you find that your password is invalid or missing, try resetting it.
If
you’re having problems with your email, username or phone number, try
logging into your account with an alternate email or phone number.
If
you signed up for a Facebook account via email, you’ll need to contact
your email service provider to access your Facebook account email to
sign in.
Reasons why Facebook account fails
You
will only see a message that your account is disabled when you try to
log in. If you don’t see this message, you have another problem logging
in. Your Facebook account can be disabled for many reasons. some
examples:
Posting content that doesn’t follow Facebook’s terms.
Using a fake name.
Personify someone.
Continue to engage in behavior that isn’t allowed on Facebook and that violates our Community Guidelines.
Contact others for promotional, advertising, abusive or harassing purposes.
How to create a new Facebook account
if you want it now Create a new Facebook account Using your phone number instead of your email address, you need to follow these steps:
Go to facebook.com and click Create New Account.
Enter your telephone number and other personal information requested in the “Registration” form; Click “Login” when finished.
Enter
the verification code you received on your mobile number and click
Continue. That’s all you need to do to set up a new Facebook account
with your phone number.
distance Create a Facebook account newYou
can manage your account settings and keep it private or open to the
public. For further use, just enter your email address/phone number and
password when creating your account to login your Facebook account.
How to Create a New Facebook Account on Your Computer
Here we will learn how to create a new Facebook gmail account on computer, and here are the necessary steps:
Click Create New Account.
After that, a window will appear where you need to enter:
Your first and middle name.
Your gmail (which we created earlier).
Account password.
After completing these steps, you have to click on Create a Facebook account.
After that, a window will appear asking you to confirm the email as follows:
All
you have to do is go to your email inbox and you will find a message
from Facebook, you have two options, click on the blue confirmation
option or copy the confirmation code and add it to the previous window.
Facebook account verification without number
After entering the code, click Confirm below.
so you did Create a new Facebook account on Gmail.
Create a Facebook account on your phone
When using your phone to create a new Facebook Gmail account, you must first Download the Facebook app from Google Play
If you are using a phone with limited specs, not enough storage space
or don’t want to consume your internet package quickly. Facebook Lite
is the right app. Now, let’s start explaining:
Open the Facebook app.
Click Create a new account and grant it to Facebook Permissions to complete account creation.
In the next window, click on the Next option to start creating a new email account on your phone.
Enter your name and tap Next, select your date of birth by month, day and year and tap Next again to go to the next step.
Select your gender and click Next.
In
the next step you will be asked to enter a phone number but we are
creating a new facebook gmail account without phone number or email so
you should choose email login option. Then enter your email and click
next.
After
that, you must enter your password, then a window will appear to
confirm the registration process, just click on the “Register” option.
In the Save Login Information window, you can save the information in an application Facebook So that you can access your account easily next time.
After that you will be ready Create a new Facebook account.