1.marrying the wrong person 2. pursuing a useless degree (or not finishing your degree) 3. becoming too comfortable in a low paying job 4. not making an effort to learn about money 5. financing a car 6. Not having a financial advisor
Indeed, that's accurate. I'm currently in my mid-50s. My wife and I were on a similar path until a couple of years ago when I decided to shift my investments to her wealth manager. While I haven't quite caught up to her accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.
Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.
My advisor is “Melissa Terri Swayne’ She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
or a convertible car. Knowing almost nothing about boats, I was once tempted by a cheap sounding 30 foot yacht - until a friend told me 'a yacht is a vessel with a hole in the middle - into which you pour money' - that kinda killed that attraction ...
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
i haveto say thanks🙌 but i'm kinda confused about debts so you mean i should pay my debt when i can, no delaying, or pay the minimum as long as i can???
I bought a beautiful clean low mileage corvette for 33,000 no regrets. I don't believe in shooting yourself in the foot but life is short got have some fun too
Completely agree. And $33k is a great deal for a nice corvette in good condition. Enjoy! (I had a 280Z in college. It had been totaled. My buddy and I rebuilt it. Best $5k I ever spent in my life). 🚙 Azul
Me too. Bought a 2018 BMW 340i 6 speed manual with the B58 engine and the last year for manual in the 3 Series. It had 5,000 km on it and I got it for a steal. Been the most fun I’ve had on 4 wheels in my entire life.
Good video. I was preparing to build my new house 40 years ago. I looked at renting an excavator but it was going to cost $300 per day. I bought a tractor/loader/backhoe instead($5,000). It repaid me several times over and is still worth about $5,000. Having a bucket loader saves my back many times each year. Winter is the time to work in the basement on projects(woodworking, machine repair, and just playing with old tools). Good Luck, Rick
I bought a used pontoon boat to go with our vacation condo at the Lake of The Ozarks in Missouri.10 years later, I sold the condo at a great profit. And sold the boat at a net profit over renting. If you buy a new boat, you will lose your As- 😅obtw we already had our 😅 home paid for and had 4 paid for rental properties, plus our business property was paid for. Before we bought any toys 🧸 lots of memories and fun in that boat at the lake.
Many poor people spend money on booze, cigarettes, vapes, gambling, tattoos, drugs, pets, posing, and motorcycles while saving zero and living paycheck to paycheck. If you can’t cover a $1000 emergency expense, you are a fool for buying any of that. Those people will be poor forever.
Fair question. Way better to rent for a few hours than throw away everything to scratch an itch. You wouldn't sell your home and buy a vacation property to experience a day by the ocean. You would use airbnb to try it out and likely find there was a reason you wanted that house as your primary residence.
You should be done buying expensive things when you are 2 to 3 years close to retirement. Focus should be on the day to day and have a good cushion for the unexpected. Unlessyou are part of the top 3 percent of folks with net worth in the millions, then buy away all you want.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!!
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
1.marrying the wrong person
2. pursuing a useless degree (or not finishing your degree)
3. becoming too comfortable in a low paying job
4. not making an effort to learn about money
5. financing a car
6. Not having a financial advisor
Indeed, that's accurate. I'm currently in my mid-50s. My wife and I were on a similar path until a couple of years ago when I decided to shift my investments to her wealth manager. While I haven't quite caught up to her accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.
Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
My advisor is “Melissa Terri Swayne’ She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
The two best days of boat ownership…the day you buy it and the day you sell it.
Except for kayaks, which bring joy for years and years.
or a convertible car. Knowing almost nothing about boats, I was once tempted by a cheap sounding 30 foot yacht - until a friend told me 'a yacht is a vessel with a hole in the middle - into which you pour money' - that kinda killed that attraction ...
Boat us an acronym.... Bust Out Another Thousand
It's sad how people think wants are more important than an emergency fund
#8 for sure. You need both “health and wealth”. One without the other is problematic.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Thank you, Azul.
Excellent insights that all of us should consider.
i haveto say thanks🙌 but i'm kinda confused about debts so you mean i should pay my debt when i can, no delaying, or pay the minimum as long as i can???
I bought a beautiful clean low mileage corvette for 33,000 no regrets. I don't believe in shooting yourself in the foot but life is short got have some fun too
Completely agree. And $33k is a great deal for a nice corvette in good condition. Enjoy! (I had a 280Z in college. It had been totaled. My buddy and I rebuilt it. Best $5k I ever spent in my life).
🚙 Azul
Me too. Bought a 2018 BMW 340i 6 speed manual with the B58 engine and the last year for manual in the 3 Series.
It had 5,000 km on it and I got it for a steal. Been the most fun I’ve had on 4 wheels in my entire life.
a TH-cam video I saw suggested 10% fun money - not your life savings - but to enjoy what brings you pleasure
Good video. I was preparing to build my new house 40 years ago. I looked at renting an excavator but it was going to cost $300 per day. I bought a tractor/loader/backhoe instead($5,000). It repaid me several times over and is still worth about $5,000. Having a bucket loader saves my back many times each year. Winter is the time to work in the basement on projects(woodworking, machine repair, and just playing with old tools). Good Luck, Rick
6. Cocaine
😂
Some of them stock traders use it as a tool 😂
Got some ?
💀
Hi mate so excited today just reached my goal of 400k since June2024 to Jan 2025 I thank GOD for the life and wisdom shared
I bought a used pontoon boat to go with our vacation condo at the Lake of The Ozarks in Missouri.10 years later, I sold the condo at a great profit. And sold the boat at a net profit over renting. If you buy a new boat, you will lose your As- 😅obtw we already had our 😅 home paid for and had 4 paid for rental properties, plus our business property was paid for. Before we bought any toys 🧸 lots of memories and fun in that boat at the lake.
A fence and cheap livestock can get a good agricultural tax on estates. But livestock also cost money.
Keep going Azul !
Not having money withdrawn from check for taxes.
Mine have been.
1. Booze.
2. Spending everything I have.
3. Buying on credit.
4. Owning a car.
5. Being tight.
6. Simping?
@
Yeh. Cut that out too.
Hell yeah
Fantastic background, love to see you living a great life in retirement and showing us how it done
Like and Subscribe, it is life changing.
Many poor people spend money on booze, cigarettes, vapes, gambling, tattoos, drugs, pets, posing, and motorcycles while saving zero and living paycheck to paycheck. If you can’t cover a $1000 emergency expense, you are a fool for buying any of that. Those people will be poor forever.
Does renting versus buying apply to the “fairer” sex too? 😂
Fair question. Way better to rent for a few hours than throw away everything to scratch an itch. You wouldn't sell your home and buy a vacation property to experience a day by the ocean. You would use airbnb to try it out and likely find there was a reason you wanted that house as your primary residence.
Kids are expensive! New generation do not want them.
That won’t work in the long run.
Definitely don’t need rugrats…only brings on more heartaches and frustration…
You should be done buying expensive things when you are 2 to 3 years close to retirement. Focus should be on the day to day and have a good cushion for the unexpected. Unlessyou are part of the top 3 percent of folks with net worth in the millions, then buy away all you want.
Glad you remind us how long you've been a financial advisor in every video. No other channels on TH-cam bother to do that!
Me thinks this is his early retirement supplement fund
That’s fair. The challenge is that 25%-50% of the viewers for any video are watching for the first time. Message received … 😎 Azul
@@AzulWells just curious what you did before financial advisor. You must have done something between 20-40 lol. Banker?
Mostly private equity. Shhhh, it’s kind of a dirty word these days … 😅 Azul
Top 5 Habits Keeping You Poor
...
Number 7, Emergency fund.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!!
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
look up her name on the web for her website.
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this.
scam-bot alarm! Hold on to your money, do not give it to these scammers!
Own nothing and be happy......
😊