Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments..
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
A couple of years ago, I sold my buy-to-lets and invested in Bitcoin and XRP. The profits have been insane, and I’ll never go back to property investing. Robert at MicroStrategy is using Bitcoin as a proxy, potentially tax-free. With Trump pushing the U.S. further down the Bitcoin path, the future looks bright for this limited-supply asset. I’m all in.
Retirees who struggle to meet their basic needs often didn’t save enough during their working years. Retirement planning plays a significant role in shaping outcomes. For example, both of my parents spent the same number of years in civil service, but while my mom invested through a wealth manager, my dad relied solely on his 401(k). The difference in their financial stability is clear.
This is so true. I’m in my mid-50s now, and my wife and I were on the same path for years. Two years ago, I decided to pull my money out and invest with her wealth manager. While I haven’t fully caught up to her profits over the years, I’m definitely earning more now. I’m making money even before retiring, and my retirement fund has grown far more than it would have if I had stuck with just the 401(k). Haha!
Absolutely true-access to the right information is not something everyone has, and a lack of knowledge often leads to panic. It’s incredible that you’ve managed to make over $287K passively by working with an advisor! A skilled wealth manager can make a huge difference, no matter the state of the economy. Keep it up! 💪
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Right on the money. We retired 6 years ago at the age of 64, being in the upper part of level 2. Now we're very close to getting to level 4. Almost there. Income is not a problem. It's the complexity of investment accounts and taxation. We do have incorporated holding company. RRSPs, RRIFs, TFSAs and non registered trading account. It adds to complexity, and we're DIYs always 90% in stock market (50/50 Canada/US) and 10% cash. From our point of view, it was easier to make money in the stock market (very conservative investments only) than dealing with taxation now. Even though we've always been working with chartered accountant. So you are spot on.
I was ok with what you were saying, right until the permanent life insurance bit. Thanks for selling high-commission garbage to your clients. I'm sure they appreciate it.
Universal life insurance is a real option for high net worth individuals. It is 100% non-taxable to the beneficiaries. I do know several such individuals in this category and they have all used this as part of their estate planning.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments..
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
A couple of years ago, I sold my buy-to-lets and invested in Bitcoin and XRP. The profits have been insane, and I’ll never go back to property investing. Robert at MicroStrategy is using Bitcoin as a proxy, potentially tax-free. With Trump pushing the U.S. further down the Bitcoin path, the future looks bright for this limited-supply asset. I’m all in.
nice! once you hit a big milestone, the next comes easier. How can i reach him, if you don't mind me asking?
Retirees who struggle to meet their basic needs often didn’t save enough during their working years. Retirement planning plays a significant role in shaping outcomes. For example, both of my parents spent the same number of years in civil service, but while my mom invested through a wealth manager, my dad relied solely on his 401(k). The difference in their financial stability is clear.
This is so true. I’m in my mid-50s now, and my wife and I were on the same path for years. Two years ago, I decided to pull my money out and invest with her wealth manager. While I haven’t fully caught up to her profits over the years, I’m definitely earning more now. I’m making money even before retiring, and my retirement fund has grown far more than it would have if I had stuck with just the 401(k). Haha!
Absolutely true-access to the right information is not something everyone has, and a lack of knowledge often leads to panic. It’s incredible that you’ve managed to make over $287K passively by working with an advisor! A skilled wealth manager can make a huge difference, no matter the state of the economy. Keep it up! 💪
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Google Rebecca Lynne Buie and do your own research. She has portfolio management down to a science
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
Leaving not one cent to anyone. Worth 2.2 million...Die With Zero...best book ever!!
Have your funeral payment cheque bounce.
Right on the money. We retired 6 years ago at the age of 64, being in the upper part of level 2. Now we're very close to getting to level 4. Almost there. Income is not a problem. It's the complexity of investment accounts and taxation. We do have incorporated holding company. RRSPs, RRIFs, TFSAs and non registered trading account. It adds to complexity, and we're DIYs always 90% in stock market (50/50 Canada/US) and 10% cash. From our point of view, it was easier to make money in the stock market (very conservative investments only) than dealing with taxation now. Even though we've always been working with chartered accountant.
So you are spot on.
wow, you managed to nearly triple your wealth at retirement with 6 years, it is impressive , well done!
Would love to see a video of your retirement planning analysis.
No kids 2.8m I'm spending it all 62 retiring at 63 level 3
I was ok with what you were saying, right until the permanent life insurance bit. Thanks for selling high-commission garbage to your clients. I'm sure they appreciate it.
Universal life insurance is a real option for high net worth individuals. It is 100% non-taxable to the beneficiaries. I do know several such individuals in this category and they have all used this as part of their estate planning.
Retirement is not fixed. A median retirement is 18 years. It could be easily 30. 30 years compounding grows a lot of wealth.
These guys just want to get management fee.😀
Now I am officially depressed. At least I can say I am number 1 though - lol!
Level 2 is plenty, not sure where these guys live, must be Toronto.
😅