Average Net Worth Of Retirees At 65 - How Do You Compare
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- เผยแพร่เมื่อ 29 เม.ย. 2022
- What is the median net worth of retirees aged 65-74 the first decade of retirement. Have you saved enough for a comfortable retirement, how do you stack up to the average net worth in America and Canada.
We researched the numbers and will tell you in this video where fellow American and Canadian households are at retirement. The Decade after 65 is generally the highest net worth of people. For the majority the net worth is their home outside of that the average savings in America and Canada is quite modest. Canadians tend to have higher net worth due to more expensive property prices.
Join us as we reveal the median net worth in North America giving you the chance to compare where you are in comparison to your fellow citizens.
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I did
One of the best ways to accumulate a large net worth is to stay married to the same person. In the US where I live, divorce is the norm rather than the exception. Hence the smaller net worth here. I have been very fortunate to have the same partner helping to accrue our net worth. Also, we have been debt free for many years. My wife helped us in spending wisely.
Wonderful David, you are right!
@@ThisIsOurRetirement absolutely correct......married 35 years. Together near 40. Debt free homeowners. 61 years old......thanks go to Dave Ramsey....
I found this video great! Hadn’t looked at overall net worth in the past but will definitely be doing so very soon as we move closer to retirement. Thank you!
Absolutely! My wife and I have been together for 43 years and we have accumulated a significant nest egg. We are happy and wealthy enough which leads to contentment. People need to learn to get along. Being in love is a treat.
@@colddeadhands5167 many of our friends preferred the newer models and changed thinking it would be better. I believed in keeping my older model as i know her mechanics inside out and she has been reliable, the best mother a man could have find for our kids and for 35 yrs now. Happy wife happy life.
Retired at 56 with no debt. That could never have happened with debt. Lost a ton since September but still above medians. Doing fine. Markets will recover eventually
We agree with the market, we’ll done on your debt free status
@@parkerbohnn Watch me not care.
@@parkerbohnn -Watch me not care...
Cn i ask yiur net worth what you were xomfortable with at that time ?
@@243wayne1 Don't watch me (I'm shy) not care twice also.
Hi, there T& N!
We are in the US. with no mortgage & retiring next year with an above average net. We’ve been crunching the numbers in our budget as we want no surprises that are in our control. We enjoy your videos because you are very relatable. Enjoy your retirement!
That is awesome! so glad you enjoy our videos Rodney we wish you a great retirement we are definitely enjoying ours Cheers 🙂🌺🍺
Retirement is a life changing event. It fills with great unknown and uncertainty. Your video provides a good reference point.
Thank you Ian have a great weekend Cheers 🙂🍷🌺
Very good information. If I may share. My husband passed away & I have large investments with 5 companies. Also including 401 K, IRA’s & pensions, Social security. I have no mortgage, own home, no car payment & no credit card debt. All my investments among these companies were in 96% growth funds making me on paper wealthy & I decided to alter that ratio. I went with the largest company with our IRA’s & selected them as my financial planner. I met with my FP transferred everything to them redistributed my assets into safer market portfolios, as I am 72. I went over a budget & decided that I could live on far less than we did when traveling past 20years. FP projected my income @ age 85 & 95 & I will easily make it through with an endowment left to train nurses @ our Alma Mater. This has brought me so much peace of mind. Thank you, Jeanne (retired RN)
Thank you for your service to humanity. Godspeed.
When I was a young boy, my Dad used to say, never mind these RRSPs - buy property, and you'll be much further ahead. I did that. Dad used to say - stay out of debt too. At age 39, I became mortgage free, after owning homes in the Toronto, and GTA markets, by first buying a triplex, where I lived in one unit and renting out the other two. I lived there for free for 5 years, as the tenants paid for everything (all bills & mortgage) with a surplus of $130 per month. I sold that one with a large profit left over, after its mortgage was paid. My next home was then half paid for when I took possession. After living there for almost 4 years, I sold it and was able to pay cash for my next home. I was also at that time, able to eliminate any and all remaining debt I had, like car loans etc. I have since moved to another province where my homebuying money went a lot further, and this allowed me to retire at age 47. I am 56 now, and have continued to live way under my means, save money, investing the majority, and continue being retired. I saw many older people with homes in Ontario who were retired, and their homes long paid off - only have to sell them because they could no longer afford to pay their property tax bills. I took note of this more than 20 years ago, as I watched our properties aggressively increase in value, knowing very well this could come back to bite me too one day as well. I didn't want that to happen to me, so I left Ontario, and purchased a home in a province where it is common to live where there are zero (no) property taxes, simply because there is no council or township in these areas, and yet, I am a ten minute drive to a nearby town where I can find everything I need. The nearest hospital is only 30 minutes away too. My only bills are my hydro bill averaging $250 per month, garbage collection $12 per month, and fire protection $5 per month. I have my own artesian well that is beautifully clean, and chemical free. Other than my home Insurance and other Insurances, it only really costs me to live $267 per month. I own everything I have with zero debt, including my home, two cars, and ATV. My home is brand new, 2,000+ square feet, on a large plot of land with no neighbours, and a view of mountains and forest. The house is a bungalow with a basement walkout, so everything is one level. This allows me to stay in my home, even when the day comes that climbing stairs is a problem. It's an easy home to maintain with simple lines, making repairs or things like replacing a roof less expensive than one more complex. I am close to the road, so snow clearing is simple and easy. I bought this house with retirement in mind. I want to stay in my home for as long as I live. Since I live on a main road, the plowing is done right away, and by the province, at no cost to me. I listened to my Dad. I did my homework. I have everything I need, and I'm happy here. I can sleep in when there's a snow storm, and no longer have to commute to a job I hate. My time is my own. My life is my own. I can travel the world if I want, or simply stay home and enjoy peace & quiet. I am self-sufficient. I am proof, that if you plan ahead, live under your means, and invest modestly, even with a modest income, you can have a comfortable life. Oh, my Mother always said, don't have any children, they'll keep you broke. I listened to that too....
Thanks for sharing Steve have a wonderful day Cheers ☕️🇨🇦
Your mother said you shouldnt have kids? The first time I hear a Mom doesnt want to be a grandmom, if she was happy with you... I cant believe that.
There are no millionaires that have children? Do tell
@@fatarismo She said it in gist, it was her way of sarcasm. She meant (we) meaning myself and my brother, kept my parnets broke, and to not make her mistake. I took it as fact, when it was really meant as a poke at what I and brother were doing to them. Now do you undersand?
@@robocop581 Out of all I said, THAT is what you chose to comment on? That's very petty of you.
Always love talking numbers. Thanks for the information!
Thanks!
keeping a Net Worth statement is a great idea. I've been doing one for over 30 years and it's fascinating to look at how debt disappeared over the years that then resulted in growing savings. We were mortgage free in our mid- to late-40s which makes the savings escalate fast. I do our net work statement on New Years with quarterly spot checks. Not yet retired yet, but anticipate that, like you, my net worth could easily continue to grow during retirement.
A great plan for your net worth congratulations
I’m 69, single, no kids, no debt… own home, have almost $2m….was able to travel and have fun in younger years and continuing to travel…world is a strange place now…enjoy it while you can…
You are right the world 🌍 is a little strange at the moment so enjoy each day as it comes 🍷🌺🙂
Hello Tina and Norm.
My wife Sandy and I have been listening to your channel for a while, love it and tell all our friends. Your lifestyle, financial and travel suggestions are great and we appreciate them and both of you. We’ve been to Portugal a couple of times and loved it also. I retired at 66 as a fee based financial planner and really appreciate your comments and suggestions on financial matters for retirees. I wish I had considered your idea to sell our house, rent and retired sooner. Because of you we are now considering selling and renting. We did pay cash for our home when we bought it in 1989 so it would have been easier to have rented earlier than we did and started traveling sooner. Either way we still feel very blessed to still be in good health and have all our
children and grandchildren close to us. Something I’d been researching and looking to is my new electric bike. Sandy is going to see how she likes it before she gets one. If you two haven’t tried one I highly recommend it! They’re a blast and get me out more and meeting new friends. If you two ever get down to the Vancouver Washington area please let us know. We’d love to meet you and show you around. Thanks for what you’re doing to bless people!
Bill and Sandy Caudill
That’s great William we are very pleased with our decision to sell our home and rent , not only do you get rid of unexpected maintenance and expenses but your freedom to just go and travel whenever you want . We would highly recommend in suite laundry is a huge plus , Tina really enjoys the swimming 🏊♀️ pool.
We haven’t looked into electric bikes yet but will take a look , good luck with your plans Cheers 🍷🌺🍺🙂
Thank you so much for your posts..I only came upon them this morning, but Ive watched 6 so far lol Thanks again, from Argyll Scotland.
Thanks so much, Norm is from Edinburgh
Really appreciate your Saturday shares. Thanks and have a great weekend.
Thanks, you too Brian Cheers 🌺🙂🍺
My husband has been doing a “net worth statement” for a very long time. Our best advice is: “pay yourself first; live below your means”. We both enjoy our retirement lifestyle!
You are completely right about paying yourself first( I call it first principles). I've been doing that since I was young. I didn't work at a super job but constantly managing my finances and investing as much as possible. I own everything now and can easily live and travel on my income streams.
We very much agree!
“Live below your means” does not need to be awful. I think of it rather as living simply. It’s amazing how much money you can waste on things that don’t really matter, just because you don’t think about it.
@@adamrobinson8620 absolutely live a simple life 👍
That’s great we learned that also from the Wealthy Barber to pay yourself first glad you are having a happy retirement Alice Cheers 🍷🌺🙂
Excellent work, both of you! I love the story: Take a simple concept of "pay yourself" and turn it into a life changing result. You are living proof it can work. Not to mention the brilliant work at creating a TH-cam channel and another income stream!!
My reason for writing though is to ask for a video that I suspect many of your followers secretly want to hear, but most folks will consider it impolite to ask. First, my reason for asking. I am 56 and plan on retiring at 60. I own one home in Maine on a lake free and clear and have 60% paid off on my primary residence in NY. Other than my primary mortgage I am debt free. My liquid net worth (not including real estate) puts me in the top 5% of savers in the U.S for my age. My concern is how will I turn my savings into income in retirement. I do not want to be an active investor as I am now, as I am keenly aware that equities can and do fall 50% or more in some years, and the lion's share of my retirement income will come from my own 401k. So my questions are all centered around how you generate and plan for income in retirement.
As such my questions are:
Can you put your budget into broad terms but use real numbers explaining your costs on items such as housing, food, auto, and travel?
Can you put broad numbers on your income buckets? (My suspicion is you have a couple pensions which is awesome, but uncommon in the U.S.)
Assuming at least one income bucket involves self directed investments, how do you protect from a potential decline?
If you are invested in equities is it self directed, and how do you determine how much to take out each year?
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In retirement, one can easily be conservative and live off interest alone, but if one wants to enjoy the fruits of ones labors that is probably too conservative.
Bottom line: How do you know and/or insure your income stream is secure and will last your lifetime?
Thanks for your comment Joe we have many forms of income , but as you know this is the Internet and we are not comfortable sharing actual numbers , we are just suggesting ideas that others might want to do Cheers 🍷🇺🇸🌺🇨🇦🙂
Thank you for this making this informative video.
Thanks for the info! Although comparing net worth with a median figure, it would be really useful to compare it to the median of households that consider themselves “happily” retired, since of course that is the real goal!
Great suggestion! maybe that’s another video idea Anthony have a wonderful weekend Cheers 🍷🌺🙂
Anthony, that is a great idea indeed! 🙂
Great topic! My wife just turn 61 I’m 58 both still at work, thinking of retiring is a bit scary, our network is around 1.2millions which include our house of approx 550000.00 , based on your figures it make me feel a bit better but still scary! Thanks for your great videos!
That is awesome! sounds pretty good to us Daniel Cheers 🙂🌺🍷
When I was 22 years old, and just graduating from University- my father told me to do an annual net worth statement. I retire next week, it was valuable advice- and it is interesting to see the net worth statements that I did 10, 20 years ago.
Now that was very cool advice Richard and great numbers to compare have a great weekend Cheers 🙂🌺🍺
Did that my whole life. Been happily retired for 5 years.
Sounds great Joyce Cheers 🙂🌺🍷
I don't do yearly assessment. I set a goal and go for as much as possible while working.
Great ideas Tina and Norm! Thanks for the video.
You are so welcome! glad you enjoyed it Cheers 🍷🇺🇸🇨🇦🍺🌺
Interesting and informing. And thank you for explaining how to do it.
While "living below your means" in a good idea when you are younger and working (it's what I did) but once in retirement if you live that way you won't be spending your retirement savings in your actual retirement. If you are retired this is the future you were saving for and now is the time to draw those down. I will admit though after a lifetime of saving it's a hard transition to then start spending those savings even though we have no debt and a good net worth statement.
It is a very hard transition to start spending when you are so used to saving have a wonderful weekend Cheers 🍷🌺🙂
I had to retire early due to health about 3 weeks ago, at 59. I was worried that I didn't have enough money, but I am well over the US median. I owe nothing, but my car is 17 years old, lol. Still runs fine. Thanks for easing my mind! Your channel has really grown, so congratulations!
Keep running the car for as long as you can, ours is only 13 years old and can see no reason to change.
@@arnoldmonk6381 right? I don't drive much and when this dies? Think I will give up driving. Isn't that what kids are for anyway?
We think being debt free is the key , sorry it was health that made you retire take care of yourself and thanks for supporting our channel Cheers 🍷🌺🙂
I just watched a TH-cam video from Jay Smart who bought a 1985 Chevy Cavalier from Facebook market place for $300 replaced the cooling hoses for the transmission filled it up and did some minor repairs and the car runs fine, That car is over 40 years old.
Worked my whole life (since i was 17). I never lived extravagantly. I have very little to show for it now. I used to read those Globe & Mail articles and they sounded like science fiction to me.
Watching your video was helpful to us. My wife turned 60 this spring and we decided to apply for CPP. Thank you.
That is awesome! We did too Manny we wish you both well Cheers 🍷🌺🙂
Hi! Thanks for the videos. I am 63, and not retired living in Arizona in USA.I own my home and together with my 401K...my net worth is approximate 950K. I plan to work for a few more years. I advise everyone who will listen to me to pay off their home as soon as they can.
Sounds great! thanks for sharing Cheers 🍷🌺🙂
Here’s an interesting take on that. Several years ago a came into some money. Enough to pay off my mortgage. So I walk into the Scotia Bank branch for my appointment to set up how to pay the mortgage off. The person on the other side of the desk says, “Why do you want to pay off your mortgage? Invest the money, I can get you about 8% on your money and your mortgage is 3.8%, you can make money.” In ok, so I’ll have to pay income tax on my earnings, my mortgage is not tax deductible right? and there’s a risk the rate will drop and a risk I could lose some of the money or all of it, right? On, ah yes that can happen was the answer. I paid the mortgage off. I also owe nobody any money. Even my water heater which I bought out on the rental for $48 then it lasted for 3 more years and then I didn’t rent the new replacement as I bought a new one, no bills except for taxes, utilities and insurance all of which I hate paying!
@@TripReviews Assuming you are in Canada the insightful thing from the bank employee would have been to say "Pay off the mortgage, borrow money to invest. That way the interest on the borrowed money is tax deductible assuming it is in a non registered investment account."
A bank employee can’t guarantee you an 8% return on an investment, it’s more of a selling point.
Great point Al
We are 53/58 and still have several years to go before we can retire. We own our home and cabin on the lake (both in the state of Maine and both modest homes) mortgage free and have no debt otherwise. We have always lived below our means and our youngest just graduated college today. We managed to get 4 kids through and 3 married now with no debt also! We have 2 grands and 2 on the way. We have always invested a minimum of 10%, and also given a minimum of 10%; both of which we feel are equally important. We are considerably higher than the US national average. Cheers to you...look forward to your videos each week!
Sounds wonderful, thanks for watching our videos we do appreciate your support have a great weekend Cheers 🍷🇺🇸🇨🇦🌺
Thank you both. There are many variables for net worth increasing while traveling including portfolio performance. But the biggest secret by far is that smart traveling is less expensive than living in North America. It is the greatest reward to the adventurous person or couple. Just one example…I remember days on my trips where I intentionally went out and had a big meal or something because I wasn’t spending any money. By nature, a homebody, I at some point in my trip become comfortable in my comfortable with fresh food in the refrigerator and my rental car parked outside. I’m as happy as a lark. Thank you for discussing this topic with us in your calm manner. I always learn something from you, and it’s always nice to see both of you. Stay safe and well…and have fun.
Thanks so much Dean
Thank you for your pleasant and informative videos.
Glad you like them! enjoy your weekend Cheers 🌺🍷😎
i haven't retired yet and live in Canada. The recent increase in housing values helps our net worth and if we followed your example we could always sell the house and rent. I also read those Globe and Mail articles. So many of the examples they give are very wealthy people with well above the Canadian average net worth. I am reasonable optimistic on retirement outlook but the recent spike in inflation gives me pause and I'm hoping our assets can keep it. It may be a challenge for some.
For inflation take an average figure, eg the past 3 -5 yrs.
The huge increase in property prices won’t last forever 🤔, perhaps a good time to sell , invest then rent have a great weekend Cheers 🙂🌺🍷
Great discussion and a very important topic, particularly for those who are nearing retirement! Understanding this number will go a long way to determining what ones income levels will be based on a combination of retirement savings, work related pensions, government pensions and possible other income sources like part time work and rental income, for example. This is just one side of the equation, however. Equally, if not more important is the question of expected spending levels upon retirement. A good understanding of both income and spending levels will help determine whether one will be able to support the type of lifestyle one expects in their retirement years. While most folks will have a reasonable understanding of what their net worth is, determining their spending levels is often the most difficult of the two, as many people have very little clue where their money is going in a lot of cases. Thanks again for a great video.
Thanks so much for a thoughtful response and for watching our video, we are planning a “spending” video to complete the trio. Have a pleasant Sunday.
A year old yet I am very glad I came across your video. We retired a few years ago, I am 64, and feel we are well,prepared for our retirement. Thank you.
Wonderful!
Loved this show. ❤️ Your very practical advice is so good 👍
Thanks so much! glad you enjoyed it Ann have a great weekend Cheers 🍷🙂🌺
Looks like I am doing ok! Thanks for the how to check up! less than 20 months for me as far as I can figure!
That’s great thanks for watching
I have mixed watching this video and reading the comments, because I am below the median, however, just knowing I have enough to live on, pay taxes and insurance, plus get a burger or go for a drive once in a while makes me feel ok. I am 67 and still working, because, even though my house is paid off, it could use some things like new doors and other items to help improve energy use. I am feeling envious of those with more, however, I also believe in thoughts bring to me what I am thinking and feeling, so, I am using positive thinking/gratitude, and looking into other ways to have more money coming in, without continuing working for someone else. It is all good, and I always get a kick out of watching both of you and your interactions. You could do a channel dedicated to advice for couples, because you both have done well in working together and staying in love!
Thanks for a lovely comment Cheers 🍷🌺🙂
Very informative as usual. Thank you.
Investmesnts have tanked this week!
We are moving into an area of challenges for investments Pamela Cheers 🍷🌺🙂
I am not mentally ready to retire. I need more of your "do it" pep talks. haha. glad to find your channel, thank you.
We hope in watching our videos it might give you the confidence to prepare for retirement, it really is a wonderful stage in your life Cheers 🙂🌺🍷
Thanks so much! This was helpful. Apparently, thanks to owning my home for 22 years already, I have the average net worth of a typical retiree in the U.S.. It is all in my home, though I also have a pension at work. Still paying off student loans though so the pension will mostly go to that until I’m 67. I’m working to fix up my home this summer, so it’s ready to sell when I decide to retire. Lots of yard work to do. Thankful for all your videos.
We are so glad you are enjoying our videos have a great weekend Cheers 🍷🇺🇸🇨🇦🙂
Good info. I've been doing a net worth spreadsheet for several years. I've done a lot of cruising and my net worth has been growing, as well. I think the key to being comfortable financially is to strive for zero debt. I use a credit card for everything for the cash back benefits, but pay the balance every month. I've never paid a penny of interest on a credit card. It also helps to set priorities and pay extra on the mortgage. A friend told me years ago--know the difference between needs and wants.
You certainly have a well thought out financial system, thanks for sharing with us.
re: credit cards, yes i get lots of cash back... don't like other "rewards/points" (exception: fantastic option in Canada is Presidents Choice Mastercard). never pay interest!
Yep. Pay off credit card bills every month. Do not carry credit card debt from month to month. The fact is don't spend more than you can pay for. Learn to enjoy things that don't cost much. Like reading books. Stay sober, work hard and be a good husband/wife/parent. Life will reward you.
Thank you for posting this video
You're welcome thanks for watching Cheers 🍷🌺🙂
Thank you, Norm and Tina. Very helpful. I am 63 and plan to work seven more years, God willing.
I am 51, planning to retire in 3.5 years. We are well over the median net worth. We only include our investments, savings, pension value and house. Real estate prices in Ontario have gone crazy. We set the value of our house a few years ago and have not increased it when figuring our net worth. I feel that these house prices are not sustainable. We paid off our home 6 years ago and have no debt. Having no debt has really allowed us to sock away the savings.
My dad is in his 80's and has been retired for over 20 years, my mum retired at age 50. Their investments are worth more now than when they retired. My dad has encouraged me to retire sooner rather than later. He wishes he had retired earlier.
We think your Dad is giving you very good advice to retire early and be able to enjoy your retirement Cheers 🍷🌺🙂
There is no way in my mind that houses could be 20-30 per cent more valuable since the start of COVID. the market we will have to correct eventually. I also value my house very conservatively when I calculate my net worth.
@@parkerbohnn Canadian gov't brought in over 400,000 immigrants last year and have plans to bring in more in the years to come due to an aging population and zero population growth. I don't see real estate dropping very dramatically anytime soon; there simply is a lack of supply and still a strong demand. Yes, interest rates will likely eliminate some from the market, but everyone needs somewhere to live.
After paying off our mortgage (while still working with good jobs) we came up with an idea that worked for us. One year before we wanted to retire we decided to live on the government pension exclusively to see what our life would be like on that pension income alone. We stuck with it, saved a pile of money while learning to live on our pension money. It really prepared us for retirement, but of course we learned very quickly this works best being debt-free.
This is a great idea. More people should do this, I think.
@@thankfulandthrifty Not really. Most people should be preparing early in their working life. Investing so they aren't reliant on just the government pension in retirement. In Australia we have Superannuation. Relying on just a government pension will be a pretty frugal life in retirement.
@@richardguthrie3422 I agree with you. But if you haven't done that, it's good to know if you can live on a pension before you actually do it.
What a wonderful idea Holly thanks for sharing Cheers 🌺🍷🙂
I looked up my age 64 soc security monthly payment and set that as my monthly budget to see if I could live in that means. You identify areas of waste. This technique does work.
Spot on with the point about furniture & electronics, that kinda stuff is so abundant now and most people offer really good stuff for free just to get rid of it.
Very true they are not worth very much in a fire sale , thanks for watching Rory have an awesome weekend Cheers 🍷🌺🙂
Thanks Norm & Tina, I really enjoy your informative video . I came to Canada from Newcastle 1967. I’m retired and fortunate to be retired with no mortgage or debt.
That is awesome! have a great weekend Malcolm Cheers 🍷🌺🙂
Great video, Tina and Norm. I'm debt free, recently retired, and have a greater than average net worth and annual retirement income so I've never felt better financially. I've always had the opinion that one should get out of debt as soon as possible. Interestingly, I have a friend who is 65 whose financial advisor advised her to sell her home, buy a larger home (that she doesn't need) and take out a 30 year mortgage so that the mortgage interest can be itemized as a tax deduction. This would have consumed over 50% of her retirement income and saddled her with a large home she didn't need and truly couldn't afford to pay for or maintain. So beware so-called "advice" when it comes to retirement financial strategies.
Wow that doesn’t sound like the best advice she could of got , we also believe in being debt free is the secret to a happy retirement Cheers 🍷🌺🙂
That sounds like insanity.
Kick that person to the curb!!
Fire that advisor!!!
@@tomjohnson5700 Don't know. But she didn't take his advice and she's financially free in her retirement.
Our net worth is 1.3m and we are both retired for two years at 63 years old - totally debt free which is the key to a successful retirement
We agree Scott enjoy your weekend Cheers 🍷🌺🙂
that's wonderful Scott. We were able to retire early and live debt free and we didn't need sell any properties. Our net worth is a little above 2m USD. Our investments made this possible for us.
@Adnan Khan I have a professional that I invest with. Her name is Alicia. I recommend her for you. Her company assures you lots of ROI daily and weekly
@Adnan Khan you can get in touch with her directly through 👇🇺🇸
@Adnan Khan +1
great channel Tina and Norm! greetings from Sean in the GTA
Thanks Sean we appreciate it Cheers 🌺🙂🍺
Very informative. Thank you
Glad it was helpful! enjoy your weekend Cheers 🍷🌺🙂
This is great, I have to say I have never given any thought to this comparison but I am really interested. I am pleasantly surprised. Having said that, I am not counting my house as I live in the GTHA area and house prices are absolutely ridiculous. So even If I sold my house for a million dollars, I would to remain in this area spend a fortune for rent.......I am just thankful i am of this generation because I have no idea how the young ones will fare.
Glad it was helpful!
Awesome video. In my opinion it does not matter what your net worth compared to others, the bottomline is how your net worth will cover your expenses. If you have a low net worth but can cover your expenses your golden.
That is very true thanks for sharing Cheers 🙂🌺🍷
You guys! Always coming up with something great to talk about. Love this. I'm 57 soon so don't know where I SHOULD be on this scale at my age but seem to be above the median. Woohoo! 🎉Thanks for this fun idea.
Glad you enjoyed it! have a great weekend Cheers 🍷🌺🙂
We are in good shape pre-retirement. Thanks for the information.
That’s great Joan Cheers 🌺🙂🍷
Great video ! You just made my day 👍 Being divorced , retired and having no debts - I am doing better than I thought 💪😘
Good for you!
Wonderful! glad it helped Miriam enjoy your weekend Cheers 🌺🍷🙂
Have a great weekend Cheers 🍷🌺🙂
My income after 65 will be 1400$ in
Canadá ! I will work at 75-80 !!!
Thanks for sharing and good luck.
Like this presentation. Good advice. Median is a good indicator as you sad, it is not skewed as much by outliers. People need to evaluate their circumstances pre retirement, before they get a big surprise.
Thanks for watching 🌺🍷
Always enjoy your videos. This one was the same. Those are very interesting numbers. We are 5-6 years away and I immediately felt relieved. We started saving late but the value of real estate has helped us out.
Thanks David for your kind comment, real estate has been a boom recently!
I'm a little above the median and feel comfortable with that. I'm retired with a pension and think I've set myself up pretty well.
That’s fantastic thanks for sharing
Interesting topic... Divorce makes a HUGE difference in where you are and why...
We do agree Jim we are sure it does have a lovely weekend Cheers 🍷🌺🙂
Hello,, enjoy the info you two provide,, Good Job
Thanks for watching!
I enjoy your podcast very much. Keep it up.
Much appreciated! 🌺🙂
We are in the US. We retired about 8 years ago at 56/54 with many times all these numbers in either country, and our net worth has doubled since retirement even with lots of international travel and increased spending. My recommendation is to get rid of all debt. All debt compounds against you ; it represents lost money that could have compounded for you. I also agree with and suggest keeping track of net worth. That provides not just comfort when you decide to retire then after to make sure all is well, but it can positively reinforce you to build those accounts along the way and provide a care free and fun filled retirement.
When young we were extreme and took measures to never have a mortgage. We saved enough cash to buy land, then enough cash to build the basic house shell. We moved in (almost like camping at first) then we finished it over a few years as each paycheck came in. Not paying out a huge mortgage meant we could instead save and invest that huge amount monthly beginning in our early 30s, which began compounding for us earlier in life. I see some young people rediscovering this approach today with the tiny house movement as well as those choosing to live in modified cars, vans, buses, etc. as part of their FIRE efforts.
As for net worth, my personal preference is to not include any hard assets like homes, furniture, cars, etc. I only track accounts with readily accessible real time cash values such as bank accounts, retirement savings (like 401k, IRA, ROTH-IRAs), mutual funds, stocks, bonds, etc. I simply listed each item and current market value on a row in a spreadsheet, then had the spreadsheet sum all of the values in that column to provide a current net worth total. Every 6 months, I just create a duplicate tab in my spreadsheet and rename it to the current date. The duplicate tabs also make it easy to look back years for comparison purposes if I desired.
I only spend maybe 15-20 minutes to log into each of the above account's websites then update each account to the current market values. Since it is so easy, I have added sections for my adult children and we also track their new worth together. That has gotten them excited and engaged about saving for their early retirements which they hope to achieve as we did.
The above worked for us and hopefully others might find this approach useful for their planning. Good luck to all on your retirement journeys.
What a great very interesting comment David thanks for sharing all your tips , sounds like you are having a great retirement Cheers 🍷🇺🇸🇨🇦🍺
@@ThisIsOurRetirement -Thanks, you as well. As a kid I remember a drive into a large city with my dad. He asked me what companies were on/owned the largest buildings. It was obvious that most were either banks, or insurance companies.
He said that was because most people used their services and gave them a lot of money.If I wanted to keep more of my money and not pay for those large buildings, I should avoid their services. So, no debt for me and we had minimal life insurance, just that offered by our employers. We needed car and home insurance but shopped around and got minimal coverage. Added up to large amounts over decades.
Your Dad was very astute.
@@davidroush1224 HI Dave, do you manage your own investments or do you use a brokerage firm? You made all great points. thanks
@@TheRetirementTrainStraightTalk Thanks, hope some were helpful for you. I have always managed my own investments and they are all over the map - well diversified. Things like mutual funds, Index funds (Vanguard), individual dividend paying stocks, even a few US savings bonds and cash minimums thrown in for stability.
I am trying to guide my adult children in setting up their retirement investment strategies. I tell them that when done properly, I feel like I lose and make money every day. The goal is that over a year or two, I consistently make more. I tell them that if they get upset when an investment drops, they will always beat themselves up in hindsight and feel bad about it. It is counter productive.
The trick for me is to look at it from a much higher perspective and longer time frame. I try to remember good to great returns are still a success, even if the path there wasn't perfect and a few choices lost money. Big picture takes most of the stress away.
All good and valid points (as usual!) -- with one caveat re: growth in net worth (presumably investment returns): the economic climate is critical. The last 10 years or so have been wonderful -- low fixed interest rates (so those carrying a mortgage may do as well as renters), low inflation and great market returns. I've lived thru a couple of periods of great market returns (enjoyable) and crashes (much less so!) so economic timing becomes important. Right now in the semi-post pandemic era/ Ukraine attack we're seeing rapidly climbing interest rates, woe to those with variable rate mortgages, climbing inflation and tanking market returns. None of this means folks shouldn't or can't retire (like me! less than 90 days off) but they have to be prudent about it -- your usual advice!
Wow 90 days and counting till you are in our retirement club that’s awesome 👏🥳the world 🌎 is a volatile place at the moment but enjoy your new stage in life Cheers 🍷🌺🙂
Wise words 13norman1- I think this is a time to ensure the return of ones capital; and not a time to reach for a high return on ones capital - retirement is a time to minimize risk - especially as Fed Reserves are now providing a headwind with rising interest rates. Cash is not a good long-term investment but at times like this, a higher level provides some security (despite negative real interest rates ) - Bonds have been traditional defensive investments - yet with raising inflation and interest rates, those long-term/duration dated can give big losses. (Shorter dated bonds etc. are safer in rising rates environment). Be careful out there if in or near retirement!
Hi, I retired at age 61 in Dec 2021 so it is recent and not at the best time indeed. I look at it as, if we can do ok during this U.S. stock market correction and stay the course with our investments, then we should be able to weather anything :-). BTW, we have been in much worse market conditions and as a whole, the markets always come back stronger. Congratulations on the upcoming retirement !
@@TheRetirementTrainStraightTalk Thanks for watching Cheers 🍷🇺🇸🇨🇦🙂
Another great video Tina & Norm👍🏴 🍻🇨🇦
Glad you enjoyed it!have a great week Rachel Cheers 🍷🏴🇨🇦🌺
Another great video, and a very important one. We watched your last video from Athens. We are watching this one from beautiful Sofia, Bulgaria. We do our net worth and our monthly expenses every 6 months. The markets have not been nice to many people the last 6 months, us included, but we're on pace for semi-retirement in 5 years, and then fully retired when I turn 59 in 9 years. Just want to finish by suggesting if you ever plan a trip to Greece, do yourselves a huge favor and book a flight to Skopje, North Macedonia. Even 3 days is enough. It is amazing, and incredibly inexpensive. Can't wait for the next video. All the best.
Nice to hear from you Mark all sounds lovely enjoy your weekend Cheers 🙂🌺🍺
Knowing your net worth is a must! Helps you realize areas where you spend too much. 🌻Staying debt free should be the goal at any age.
Absolutely!! we agree Joyce have a wonderful weekend Cheers 🍷🌺🙂
This was an excellent video with good information. As I compare my Canadian friends to American friends, I notice that the Americans have "toys" and buy "tchotchkes," often on credit whereas my Canadian friends seem to spend their money on experiences. Please do not beat me up here - just my observations. We are older than the upper age of your comparison and are doing much better than the numbers you gave for Americans. Thankfully, we were well employed, our house is paid for and the investment Gods have been good to us. I enjoy your videos.
Thanks for watching Carole Anne we appreciate it , have a wonderful weekend Cheers 🍷🇺🇸🇨🇦🌺
Good stuff Tina and Norm. Always thought provoking ! We live in Newcastle UK. We had plans to leave work behind July 2023. I'll be 60 wife 62. But she's being going on about a new bathroom and bedroom. So we've taken the descision to plow on for anothe year beyond till 2024. I didn't want to retire for the sake of it ! Then start dipping into the pot when we can crack on and leave the accrued pennies for when we need them. great watch as always. Thanks for sharing
Just be aware that in your early sixties you are your most healthy, don’t squander this once in a lifetime for a renovation.
Thanks for your information😊
Your Welcome 😊have a wonderful day Cheers 🍷🙂🌺
It took a while for my brain to realize I had enough for retirement. Seeing myself above the median is great, but the real test is how much is needed each month and am I able to really live on the budget I set up.
That’s awesome 👏 have a wonderful weekend Cheers 🍷🌺🙂
In USA, we don't have paid for healthcare, so Americans need to save even more than Canadians.
Ironically, here the politicians often dog Canada.
So hilarious.
Remember, that if you have to brag about being the best, you are not.
Most Americans in bad shape overall.
Thank you Tina and Norm💕
Thanks for watching Cheers 🍷🇺🇸🇨🇦🍺
Thank you for bringing it to our attention the fact that just how little the median net worth is. Acknowledging the fact that we are many times ahead I stop for the moment, but than realise that it is against my nature to slow down my wealth creating journey.
Definitely interesting numbers Anna but don’t slow down your wealth 💰journey it gives you options Cheers 🍷🌺🙂
Thank you. Have you thought about also doing TH-cam shorts? Sharing your insights and experiences is very helpful.
Yes we have but doing our videos once a week keeps us busy enough Cheers 🙂🌺🍷
Good video and you both are much calmer than a little bit before. Great 👍 ranking with no debts and over 2 m networth for a single in my 50 s . Would rather live in Canada 🇨🇦.
Thanks for your feedback it’s helpful, with $2M you could get residency in a lot of countries.
Many of us in the US would rather live in Canada. Great country, great people.
We have heard that have a great weekend Cheers 🙂🌺🍷
Great info here. People should do what they are comfortable with. However, its also important to look at the balance between asset classes. I'll retire with a huge mortgage debt (as in millions) but my fungible assets are much higher and are better invested elsewhere. Meanwhile, my wife and I also have a solid fixed income base making it possible to avoid drawing on assets during bad investment years. The balance I suggest people to consider as an option is: 1/3 real estate, 1/3 life long pension and 1/3 liquid assets. Final point; it is extremely important to have liquid assets. The tragedy for a lot of Americans is that they live pay check to pay check necessitating expensive bank and credit card debt for emergencies that cost a lot of money to service.
Thanks for sharing have a wonderful weekend Cheers 🍷😎🍺
I'm retired. I am an old man. My (our) home is paid for. No mortgage. My cars are paid for, but they are newish and run well. I plan to keep them that way. My investment income and retirement income keeps us afloat. My military medical insurance reduces medical expenses. We do not buy much. I check out books. My wife and I are happy as clams at high tide!
As you do, I keep track of our net worth every year since retiring at 63 about 6 years ago. Yes it has gone up most years, some of it due to house appreciation. I think most people have a budget plan to cover retirement expenses given whatever their assets or pensions are. But most of these assets can depreciate as well as appreciate in the future, and ruin any well laid plan. I am reminded of a couple taking early retirement who moved back and had to resume jobs to manage. Thanks for this video, as usual, we enjoyed it.
Thanks John for sharing your thoughts, it is important to keep an eye on your financial health.
You are not alone. I did same. Have a nice week -end.
You too 🌺🙂
As an US citizen, this was really interesting information. There are a couple things we spend on here including student loans for our educations, and healthcare. We apparently pay too much attention to taxes. This is so interesting. I guess I’m a bit above the U.S. average in terms of savings, and I do have a moderate pension which is apparently worth $18000 x every $100/month in pension payment. Housing is so variable by location. I have a home I can afford, but I’m not sure about the financial wisdom of it. But I’d have to move a long way from friends and family to go cheaper. Lots to think about.
There is no one size fits all, all we want to do is ask the question so you have information to make an informed decision. Thanks for watching.
That’s funny because we actually pay a large percentage of our income into taxes as Americans if you consider all the taxes we pay. I think you need to consider how corrupt our government is, and the different demographics we have.
@@highbrass3749 I'm very familiar with my taxes. We all know this country has its issues, though people have different concerns. Some people (public and private) are actually corrupt. I'll give you that. But I get very touchy when people start calling the USA corrupt. 🇺🇸
@@priola7587 I understand. I’m a former Marine Iraq war vet. I’m very patriotic. I appreciate what our country started as, not necessarily what it has become. When you consider fed income taxes, state income taxes, property taxes, sales taxes, car registration, random utility taxes, and fines\citations we pay a great deal of our income to the government. Yes private corporations are corrupt too but that’s only because our government profits from it. If you think the politicians who sell you on the idea that you’re a victim because they don’t get to tax rich people enough are honest, I have a bridge to sell you. I’ll throw the golden gate in free.
I did the Globe Financial Facelift back in 2000 and 2020. Some net worth calculations don’t include pension plans, this is a mistake IMO. Employee contributions to workplace pension plans are otherwise ignored and skew net worth lower. There are excellent apps to track income, expenses and net worth. Debt free here since age 54.
Sounds great have a great weekend Cheers 🍷🌺🙂
Great tips sledgehammered that like button stay safe awesome and blessed shared out full watch 👍🏻
Thanks for the visit have a great weekend Cheers 🍷🇺🇸🇨🇦
Another interesting video :) I thought the median net worth of US retirees would be higher. Pretty eye-opening, for sure. Thanks for sharing and I hope you are having a nice weekend ⭐
Glad you enjoyed it! yes we are having a nice weekend thank you for asking Cheers 🍷🌺🙂
Top job my dear couple👍😁
Thanks so much Edu have a wonderful weekend Cheers 🍷🌺🙂
My hubby is retired (immigrated from Canada to the US so I could finish out my career in public service) for two years and I plan on retiring in 3.9 years. We’ll be debt free and will find a rental in Canada! The freedom that comes with having no debt is our dream!
Debt free is definitely a big help Darcell Cheers 🍷🌺🙂
Thank you for your channel and sharing. I always laugh when I get your new video. You see I live in the us but was born in Canada. So it’s nice to hear what your seeing in Canada. I left was I was a kid. So it’s like getting news from Canada and see how the country is doing. And in response to asset. My number one thing for me in my asset is my health.
We agree Michel health is more important than wealth Cheers 🍷🇺🇸🇨🇦🌺
Found your TH-cam channel just by chance. I'm in the US. I am retiring in one year (63), have no debt (not even my house - paid it off a few years ago) and have a retirement nest egg of $1.7M. I have no kids, no dependents. I'm working only because I have a health issue that I'm working through with my doctor and wanted to keep the insurance (I have an HSA which has been wonderful). I've discovered that the key is living below your means, saving as much as you can, and getting rid of debt. Cannot wait.
We are so glad you have found us Ella and we wish you a great retirement, you are totally well prepared and we fully understand hanging on to your health insurance it makes a lot of sense. Thanks again for watching and finding us!
Good for you!!! I'm in a similar situation. I retired two years ago at 63 with zero debt, including a mortgage free house. I'm living soley on my pension, but will apply for social security soon. It's a great feeling, but quite different than being in a saving mode. Good luck to you and congrats on your upcoming retirement.
With inflation rising and our portfolio dropping its been hard to make a decision to retire. I’m leaning towards retiring next year though. Hubbies been retired three years now. We’ll have no debt by then and our house finished.
Inflation is a problem but could be short lived as it was created out of the pandemic. Just don’t over think retirement as you may never do it. Thanks for watching we do appreciate it.
Wow big difference between the US and Canada. Frankly, I attribute it to Americans needing to keep up with the Joneses. Retired in 2011 with no debt; own house & car free and clear. Definitely reassures me that I am financially secure, and also surprised me that I have been able to save money each year. No I am not a tightwad, I travel ever year and since I could not over the past 2 years instead I renovated my house instead and paid in full.
Well said! we too haven’t been travelling for the last two years have a wonderful weekend Cheers 🙂🌺🍺
I use Mint to track everything and I really like it because it makes me really pay attention to my spending. So I've been watching net worth for about 2 years now and it has made me excited and more ready to retire.
Thanks for sharing!! enjoy your weekend Debbie Cheers 🍷🌺🙂
Over the years, our regular investment advisor has done periodic net worth calculations with us. So we always had a general idea but had not compared it to the national median as you did here -- thank you! My employer's defined contribution plan is with Sun Life, and last year we took them up on an offer to work with one of their advisors to draw up a comprehensive retirement saving & spending plan. The advisor was excellent and she really put our minds at ease. Including our house and what's left of the mortgage (soon to be paid), our net worth is well above the national median a year and a half away from retirement.
I am thankful to my younger self for investing as soon as my career was established, and for making the right choice in a spouse. I am also very pleased to have found your channel today!
It’s great when a plan comes together, well done your younger self. Thanks for sharing this story!
Interesting topic, because I have never been a fan of comparing myself with others. Nor does financial wealth always equate with happiness. What good is money if one does not have the health and peace of mind to enjoy it? To me, health is the first wealth, and that means, physical, mental and emotional health. Granted, financial wealth can bring a level of security, but there again, none of us is promised tomorrow. And, some who live in third world countries have nothing by modern standards yet they are proud of their modest homes, delight in their families, and maintain relationships in a manner most of us could only dream about. A wise friend liked to tell me, she had never seen a U-Haul truck at a funeral, she was right, and there wasn't one at hers, because we cannot take it with us! Fortunes can be made, lost and made again. There are as many lifestyles as there are people. I have always been frugal, my parents were excellent teachers. They began their married life with nothing more than a woode orange box for a table, and ended up with considerable financial wealth, they lived simply and valued life long education, being cultured and learning new skills, both were resourceful and resilient. My goal is to live as they did, and leave the world in a better state than I found it.
Sometimes, life events can get in the way of becoming wealthy, a different set of planning and events can bring wealth later on in life. We are all individuals, and our circumstances are just as variable Some of us are married, some not, a lifetime of financial planning and striving, can disappear with the stroke of a pen, if one divorces, or is faced with a devastating illnes, injury, or some other kind of family crisis after the death of a parent for example. My mother gave up a scholarchip to Oxford, because her father didn't wake up from anesthesia, and she had to support her mother, and three siblings and become a teacher instead. At a time when there was no government assistance or health care. We all need a Plan A, Plan B, C & D, and still there are no guarantees. Life does not always turn out as expected. Forrest Gump, claimed that life was like a box of chocolates, you never know what you'll get. I tend to think of it more as a game of chess, a game that needs careful thought and constant attention, which can just as easily be won or lost, no matter what we think we know, or the level of our skill. I am grateful for what life brings me, and have survived the unsurvivable, every day is a gift, anything else is just, 'the cherry on the cake.' A very wealthy Canadian once told me, that after a certain amount, in other words, enough for one's basic needs, he was no more happy, wealthy than he was poor! There is some truth to that!
What a wonderful inspiring comment thanks for sharing have a great weekend Cheers 🍷🌺🙂
Please excuse the typos I just noticed!
So are you telling me you’re a complex, complicated person?😅
Interesting philosophy. Mine is simple and shorter than yours.
People who say money can't but happiness, have no idea what happiness is.
I prefer to be filthy rich. Being rich doesn't mean that one automatically has to be unhealthy. Quite often wealthy people live long, happy, healthy lives.
@@robertk5441 Obviously, it is possible to be financially rich and healthy at the same time. I still stand by the idea that being rich, does not necessarily make a person happy, however it can provide material comforts. Wealthy or not, many of us have our basic needs met, and live comfortable lives. It would then seem reasonable to consider those who are less fortunate than ourselveis both human and animals, and other good causes as many, not all rich people do. I did not suggest that being wealthy precluded a person from living a long, happy, healthy life.
The biggest risk for older folks is to retire with debt! We retired with no debt (credit card, mortgage, car note, etc.). Also, it’s important to have enough income (pension, social security, coming in so that if everything turns upside down (re, investment income) you still have enough income to meet your monthly income (rent or maintenance payment, food, out of pocket medical bills). So, I would suggest to older folks to review your finances before retiring. Of course, some people may be forced to retire before they intend (job loss) so doing the above exercise is critically important.
Thanks for watching and your comment enjoy your weekend Cheers 🍷🌺🙂
1.5 speed is a sweet spot for this video with great info!
Glad it was helpful! Cheers 🍷🌺
Wow! Good to know I’m not behind at age 38. Thanks for this video!
You are so welcome! have a wonderful day Cheers 🍷🌺🙂
We enjoyed this video. We are debt free, paid off our house early, have good pensions, but I think we still live carefully. We watch for sales etc, we love to travel, so hopefully the world will start turning again. We started watching you Channel, regarding wintering in Portugal, and that got us hooked on you folks. When we were younger, we always tried to watch and save for the future and we are reaping the benefits now. We are so lucky.
That is awesome! we are so happy for you Kathryn have a lovely weekend Cheers 🍷🌺🙂
I circle back to your videos when ever I’m stressing about my upcoming retirement in 3-5 years. I am debt free BUT I don’t own a home. California rents are going crazy even the 55 yr + complexes. My fear is not being able to afford a decent apartment & stay close to family. Yesterday the news said the Ave home price in my county is $900,000 which has a $5000/mo mortgage 🤑
Housing is becoming increasingly expensive, Canada has gone crazy. Thanks for watching we do appreciate it. 😀😀
You should consider moving out of California high cost areas if you don’t own a home!!!
Hi there! We live in the U.S. in Florida. I am 59 and my husband is 60. My husband was recently laid off from his job and keeps saying he wants to be retired. Personally, I think we can retire now but my husband is more cautious and thinks we are not ready. We own 2 homes, one we live in and one we rent out, and are mortgage and debt free with a substantial nest egg. Barring health issues and any economic crashes, I hope we can both be fully retired at age 62. I do the financial net worth check ups several times a year and so far we seem to be well our way. I enjoy your videos and shared this one with my husband-hope it makes him feel better about jumping into the retirement pool with both feet!
It sounds you are well prepared for retirement the only problem is healthcare costs, other than that you seem to be able to retire.
We have been watching your channel for a while now and after the one today we worked out our net worth (which we have been doing monthly anyway). We are looking retirement, coming up soon!
That is awesome! Cheers Diane 🍷🌺🙂
One of the reasons for the difference between the US and Canada is that housing is much less expensive in the Midwest and South (except maybe Florida) than in Canada. You can still get an OK house for under $150,000 in much of middle America.
… another reason why housing is on average cheaper in the US is that over 20 million Americans live in poverty in trailer parks unfortunately.
Yes house prices in the last 5 years have gone insane in Canada
There are a lot of Americans living in single family homes but political decisions like Canada have not impacted property prices in the U.S.
You can’t get any decent house in Minneapolis for 150000
The only problem I have with net worth as a metric is that it doesn't actually give you an income figure and is very dependent on various markets at the time.
Our net worth over the last couple of years has also gone up by quite a bit, we are only around 61-62 and living off savings, which is just a completely unusual thing to happen and has basically been a result of money printing and debt in the major economies.
I estimate our net worth has gone up about 300k+ but it is just a number on a page in reality.
Our net worth is around triple the Canadian figure you quoted but I'm thinking about going back to work with all that's happening, at least part time.
We don't have the ridiculous housing taxes that most of you guys have, well most places don't, and our council rates have gone up very little in spite of the price of houses going beserk.
For me being debt free, which we have been for a couple of decades, is paramount but as you say it is becoming less common.
We agree about income and it's something we have thought about doing a video on as it is hand in hand with net worth. We are certainly headed for some interesting financial times, lets hope it doesn't get as bad as the late eighties in the UK. We have had 20% mortgage interest in our life time, something that hasn't happened for more than 30 years.
@@ThisIsOurRetirement You will have likely worked out that I'm rather fatalistic about the times we find ourselves in but then I've always been very conservative.
Everything is just so linked now and it has been a long time since we have had a really serious economic shift.
We have had more cash in the bank than most "experts" recommend but I like knowing that we have years of costs when we need it, assuming of course the banks remain strong.
Time will tell as always and I certainly hope I'm wrong.
Cheers.
This was an interesting topic. We do quarterly net worth statements.
That’s great Denise enjoy your weekend Cheers 🍷🌺🙂