I think college have become crooks, but people with degrees earn more on average. The issue is the TYPE of degree - vs - COST. No FAANG company, or 6 figure jobs will hire you without a degree, trust me. Another good option for people is go for jobs with pensions where you'll receive specialized training.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
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.
It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha
As a centenarian who retired decades ago, it is shameful that I am still working to pay property taxes on the home that I built 58 years ago for my retirement.
Same... bills and prop tax with homestead exemption and pot holes (and i live within eye view of county road crew warehouse.. they got a new LED sign though ....town has one stop light) and i grew up and did first uploads where he makes these videos... i make tesla parts and have to help my dad who also sold real estate in miami.... not making this up)
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
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I graduated High School in 1976 to much fanfare because it was America's bicentennial, 200 year birthday. Never in a million years did I think I would live long enough to witness its demise, but here we are.
Same. I graduated in 1977. I pictured a retirement like my parents and grandparents had. I'm now witnessing the degradation of this country and massive shift towards socialism that my father, the ex-military/ history enthusiast, warned me would happen.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
‘Sharon Ann Meny’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
That's not ENTIRELY true...If you've got a skill they need, they MIGHT take you for a BIT less....hopefully by the time you're old you can afford to work for a tad less...
I was a headhunter for a while, 30 years ago and I recall our Sales Consultants office getting a full, big commission for placing a 65 year old engineer @@nogames8982 and I'm quite sure that action continues. Corporations will pay top dollar 4 experience.
How about not being able to afford a house for EA$ILY 15-20+ years besides massive parental help/inheriting their propertie($) and I’m talking working 60+ hours a week all those years too. EVERY property you see for miles out is $1mil+, small af, and needs $200k avg+ in updates
@@debbiec6216 big money means big debts and big taxes. Been there, done that. You're much better off making steady money instead of going to all that school and trying to hit it big on the back end to pay it all back.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $53k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
My CFA ’Annette Marie Holt’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
@@VioletJessica- That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
@imohimoh3441 VICTORIA CARMEN SANTAELLA Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I'm 58, grew up in the largest city in my state. 25 years ago I had a house built 50 miles outside the city. Now I have zero debt and still live in the same house. Happy as can be. This was done working in a factory with nothing but a high school diploma.
Just like no Ford F150 is worth $100K, no house like whats on that street is worth $1M. There are only so many people who can afford that, and most of them have their property already. So, keep them. Just like we dont have to buy overpriced cars, we dont have to buy overpriced houses. We not only cant afford them, we dont want them. We are just tired of the games; we dont want to play anymore.
1 Million huh? Does it have a insulated attic? No. Does it have solar with battery backup? No. Heated driveway? No. Wired for internet? No. And so on...
Right. I guess you can't give UAW employees almost a hundred dollars an hour (including benefits, obviously) and sell a truck for fifty grand anymore. Just like you can't usher in 12 million illegals who need a place to live without thinking landlords and corporations aren't going to snap up anything and everything available for the HUD money to start rolling in. I'm in total agreement with you buy the way as far as the car and truck prices go. That industry will be dead in ten years. The problem is, yea, you can take public transportation or keep your older car. Unfortunately, rent is about to skyrocket even more than it already has the past few years, and unless you want to live in a tent city in California somewhere, it's going to reach us whether it's rent, mortgage or taxes. Unavoidable, so we have to keep "playing" the game. We have no choice. The marxists are in charge now. Real estate prices go up and RENT will, obviously, go up too. Factor in all of our "new Americans" who the taxpayers will soon be housing with all kinds of new "apartment complexes" going up all over, and you think rent isn't going to be MORE expensive than an average mortgage? I'm not referring to just the ridiculous home prices Michael is showing in this video, but look around the entire country. There is a reason NO ONE can afford housing anymore. All part of the great reset. You and I will see a much different America than the one we grew up and prospered in as "regular" and middle class people.
I always planned to work in some capacity until the day I die. Retirement is overrated. I am living simply and am able to take my summers off to enjoy my hobbies. I have zero saved for retirement. I’m a 50 year old independent remodeling contractor. The key is to have an eternal perspective. This fallen world is only a temporary home
There is actually a direct correlation between retirement and death. If you retire early you're more likely to die sooner. This is bcuz you lose purpose. This isn't everyone of course but if your purpose is solely based on your job and not replaced with something else that enriches your life then you just waste away sometimes
This may work so long as your body behaves perfectly for you from 50 onwards. Many people become a statistic because they didn't plan on 'getting old' applying to them. Mother in law never earned much, never made effort to, thought things would 'take care of themselves ' and is now falling more and more into debt as no one will give her work at 75. I'll bet she'd love to be 50 again 😢
My parents never gave me an allowance. They could not afford it. I was very independent, started working at age 15. However, i know a woman who was given a regular allowance of $10,000 a year. Her parents also bought her a brand new car. When they passed away, she inherited a sprawling ranch style home and 1.8 million dollars. The house was repossesed because she never paid any property taxes and she blew through the money in 4 years and never worked. Now she is broke and no mommy and daddy left to help her. Better to be independent and work for every penny. Dont spoil your kids!
This story resonates with me. I started work at 15, a family member inherited a lot of money. He had uni education too but blew through all the money in 15 years. Sadly now in his 50s no assets, really hurts to see.
And New York is always in the hole. It's why they always need a Democrat president to change the tax law so they can deduct their State and Local taxes from their federal liability.
I'm 69 yo. Retired last year. Didn't think I'd live this long (parents died young). I get 2300 a month SS. No debt. I'm moving to Las Vegas to live with my 66 yo retired sister and her 2 cats and will pay 700 (half, though she didn't ask for anything). I'll drive my car (Austin to LV), taking only my bike and whatever I can fit in 4 boxes. I'm still healthy and don't mind working a part-time job, like cleaning, if I need any extra cash. My family, who are doing pretty good and are happy, will stay in Austin though they know they are welcome to move to LV anytime.
@@Purgatoryhomestead47just curious- bad in what way? We are considering a move so if you can elaborate I’d be thankful- don’t want to move somewhere worse
This sounds lovely and you and your sister are lucky to have each other! Life is easier when you have someone to do it with and that person doesn’t have to be a partner.
Yeah right... "Restaurant jobs have more flexibility," like having to work weekends and holidays, no paid sick days, no vacation days, no health insurance, and on-call on your scheduled days off... and you can be fired without cause. Sounds great.
Love listening to dude bros talk about how awesome working a minimum wage $hit job was or how they are so successful.....so why aren't you still working that job and why aren't you doing your vidoes in a mansion instead of your car or in the street?
Sorry you haven't met any doctors who care, and I mean that sincerely. As a surgeon, I am fully invested in my patient's wellbeing. There are definitely serious issues with today's medical system, but there are a lot of us who care very much and are as frustrated as the patients. It's the corporate practice of medicine that has turned it into a factory. Thanks for your videos. I always enjoy them.
I am a now retired R.N. and practiced nursing for 44 years with the last 21 of those years worked in primary care for the VA. Most of the internists I worked with jumped through hoops to provide the best possible care for their patients which was not easy working for a totalitarian Uncle Sam agency that treated the physicians with zero respect. It was all about the bottom line.
Good believable doctors that have the best interest of the patients are hard to find . I also work in the healthcare field, I went to the doctor not too long ago because I wanted to get a trigger point injection and I came out of the appt with the doctor telling me that I have psoriasis arthritis, she ordered a bunch of 💩 that I don’t really need. I had this because of sitting many hours in front of a computer/ bad posture , anyways I walked out of her office with same problem no trigger point injection and with a bunch of blood work and X-rays of the whole body. I have a decent health insurance because, I work at the hospital . When I was told what I had to pay for all those test I said. Cancel all my appts, I will mange the pain by myself! It is ridiculous. You go for one thing and come out with another, and complete disregard for the chief complaint, the health system is a piece of sh💩. I know what the signs and manifestations of psoriasis arthritis are, and I don’t have any therefore I refuse to do all those tests.
Here's another point of view. Youth and time is everything. I'm 66. My wife is 65 and recently disable. We have plenty of money. But, if we could be broke and 25 again, we would take that deal in a second.
That's why millennials and Gen z are dropping out of the workplace. Why work when you'll never own anything anyway!? No marriage no kids no stressful job 😎
Made 95k last year welding and I learned that skill for free. While it does not come with the prestige of a degree, I think its something one should consider. 95k with zero debt feels like winning.
How stupid is it to send a kid who knows nothing in to a college with a culture of drinking and partying, and expect them to find their way. It's like an extension of high school, but with a huge bill.
College is for children of the wealthy that can pay for their college tuition and have No college debt . IF you go into debt 80 K for a low value degree...Your a FOOL
Most of them now ₩0k3 hellholes. Colleges have been seeing a big decrease in male students bc men looking at alternatives that yield am ROI and little debt
Drinking, partying and drugs when you're going to college is called the American way. Ain't that wonderful? Not how they do it in Europe or Asian schools/ colleges were they actually learn something
The rhetoric in the school system is go to college get a job. Kids are going to college with no actual direction and ending up with useless degrees in fields they aren’t passionate in. I decided to drop out of college and enter the technical field. I spent 5 years gaining experience at different jobs. Now I’m an engineer and can find a job whenever. This path should have been shown to us as kids
Parents need to be telling their kids not to go to college right out of high school and to find out what they want to do before even deciding if college makes sense. It’s been true for at least the last 10 years that college is not worth what you end up paying for it.
Minimalism, downsizing, let go of your wants and attachment and financial education is the way to go ! There is no other alternative. I am 37 and ready to retire with this wisdom !!
i retired 4 years ago, Covid shut the world down a week after i retired so i had to wait 3 years and i finally moved to Guatemala. Best thing i ever did. Great weather and affordable housing
I bought my dad's 2017 Toyota Tacoma SR5 for 20k. That's the most I will likely ever pay for a vehicle. Can't imagine paying 50k for a basic truck these days.
I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.
In my opinion, IRA is a valuable strategy for retirement planning, providing growth and tax advantages. While the market is promising, expert guidance is essential for portfolio management.
I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. Other than Disability Cheque, I earn enough from home and live comfortably with her help.
’vivian jean wilhelm’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I am retired engineer with advanced degree. It was the time for that. But if I were 18 today, I would go to liberal arts college because I love learning, but I would at same time, apprentice as electrician. No way would I waste time on working for a company. By age 25, I would have zero debt, a union certification, and would be starting my own contracting biz. AI will replace engineers, but there are no robots that will crawl into attics to rewire a house, LOL. Any dirty work or specialty work will pay big time because nobody under 50 knows how to change a light bulb. (Well, ok, I exaggerate.) The point is, I would make 5 x what a PHD in electrical engineering will make, as a grubby electrical contractor. College is no longer the way to success. Too many intellectual jobs will be lost to AI. Become a plumber or an electrician or a carpenter or a gardener or a dentist or anything that requires intellect AND physical labor.
I dropped out of college in my sophomore year and started my own business 48 years ago when I figured out that working for someone else is just a living. Sold my business 3 years ago and retired very comfortably! It was hard with many ups and downs, but well worth it.
I think 1 good way to not spend so much on your kids college is to send them to a community college for the first 2 years. Then if they do well you can send them to a better school, but no need to send them to some expensive college. That can be some big $$ you aren't wasting away, you will be happy when you're older.
@DonLicu. and he's absolutely right. Retirement was for boomers by boomers. We get to work till we simply can't, and have to fall back on our savings. If you have no savings then you will die on the job. Simple
I just want a steady job so I'm not jumping from gig to gig always desperate to pay a bill on time. It burns u out. Can't imagine living like this forever.
@@brendaechols5929 I usually only last a while before I get bored, or they screw me over, then I just move on to the next....I'm a schizo so that might be why!?
I live in cocoa beach I made 85,000 last year serving. I never went to college barely graduated high school. I’ve been a server for 10 years and had a roommate and saved money. I’m by far ahead of ppl I know with degrees
@@user-je5nn2lq5j how? if you're sitting down and someone is bringing you everything while you sit and eat. Also servers have to tip out of the shitty tip you left. how about just don't go out and eat if you can't afford the tip.
Hello Michael!! :)- I just turned 51 last month and I thought that by now I thought that I might of owned a house by now, maybe have a few kids and be married by now. I have none of those and I am now considering becoming a nomad and just traveling as apparently the American Dream has now become a "nightmare". You can thank the wonderful idiots that are running this country into the ground and nobody sees what is about to unfold!!
Trades take a big toll on your physical health. Shoulders, knees, hips. Carrying heavy burdens, kneeling on cement, ladder work, etc. You could end up having to find something else while still young with health compromised.
i was a drywall taper always on stilts and picking up 50lbs buckets of mud but i loved it so that made it easier, i'm 73 retired but went back to work driving a school bus, i live on my SS check and save my pay check, no debt my house and car payed for so i can't complain, my lot rent is really low landlord is a great guy not greedy at all, i'm not going anywhere but i know millions are just barely surviving!
Thank you for addressing the realities Millenials deal with. We are exhausted. Student debt not related to the lucrative careers is fiscally irresponsible.
S&p 500 has returned on average 10% over time. If you panic during a downturn, you'll lose. I am not in the one percent and my single mother upbringing we sure weren't rich. I EDUCATED MYSELF on investing. Read lots of books, watched lots of videos. I am no Warren Buffet but I do have a net worth north of $1 million. No one in my family had any experience with it, we aren't in the one percent. There are thousand of videos on youtube where folks break down all this. You do not get rich quick. Live below your means, consistently invest over time. I went through the cynical phase too. Save 15% for retirement, keep an emergency fund so when emergencies happen you won't turn to your retirement. Watch Dave Ramsey. Stop spending money you don't have to buy things you don't need to impress people you don't care about. "Compound interest is the eighth wonder of the world. Those would understand it collect it, those who don't pay it" - Einstein.
I used to want a Corvette, but I asked my future self if it made any difference in my life. None of the old folks were impressed he told me. It never got me laid because, for the hypergamous gals, a Ferrari was the entry level. It was more in maintence, insurance and gas.
@@MrCPPG And if it needs to go in for service they will charge a lot (been there) and if it turns out to be something significant they will charge you a fortune. It's just too scary . Having money doesn't mean throwing it away makes it any less painful.
you have alot of will power good for you 'i'm the same way i can afford to buy a newer car but i won't, i just don't want to give this fucking state the sales tax on a newer car so i leave the money in CD's!
marblox9300 Its not a good idea to post those big money numbers in public forums. the email associated with your youtube acct might get hit by phisher emails or pswd/token stealing malware
A married couple can retire if they plan it accordingly. Follow these guidelines. 1. Pay off your mortgage 2. Pay off your credit cards 3. Move to a lower cost of living location. 4. Have health insurance plan. 5. Negotiate prices
i agree and i wasted time and so much at it.. for IT.. and most good trade skills like electrician or plumber is less time and effort and money to get into, and you can do that in any place on earth
The colleges make it sound like you get a degree in basket, weaving, and you're gonna have a career in that and make a great living. They lie through their teeth. There are still college degrees that are worth getting but I would say probably 75% of them are worthless.
I have stopped all kind of retirement funds. 50% of people die without using their retirement funds. Fucking sad. I invest, I trade, I pay taxes, I will probably never retire, but I will always have money and live normally. Retirement funds are one of the biggest ponzi schemes invented, alongside fiat and inflation.
I know lots of people who have died young and never got the supposed golden prize of retirement! I feel those who I know that died young have gone to better places!
Student loans guaranteed by the government = predatory lending. People are told their whole lives you need to go to college. Most kids don't have a plan. Most classes that are intro classes are just an introduction to the topic but not career choices with salaries and all the requirements for it. All intro classes should have all of that criteria so social worker wannabes know the salary is shit so even though the field is noble it's not really financially viable. By the time most kids figure out their path they will have multiple semesters wasted where those classes aren't going to matter. That's predatory.
Interesting that you brought up social work. I was in that career for 20 years from 1978 until 2008, with periods of unemployment for some different life circumstances. I started at a salary of $10,000 and ended at $34,820. Most of my employment in social work was at county agencies. Two of these places froze raises and cost of living increases for several years. They also rewarded us productive workers with more cases. Social work is socialism in the work place. So no matter how hard you worked, you got paid as much as the other employees in your positions. That was the reality.
The need to abolish many practices by colleges and businesses such as college requirements for you to take elective classes, which is a waste of time and money for the student. Ban the practice for businesses to require a 4 year degree for a position without specifying what degree you need to have. If you will take any 4 year degree, it means the job doesn’t require it.
@@barnabusdoyle4930 agreed. Kind of. In general, companies that list a degree requirement without specifying it are just using it as a gauge of competency and commitment. I don't know if it's good practice for the government to be able to say what companies can and can't look for. I definitely agree that generals shouldn't be part of a degree. Most of those classes aren't different than what's required in high school anyway.
@@debbiecreter2005 you probably did great work and helped a ton of people. And not everyone can do that kind of work, which is an intangible skill. Unfortunately, governments and corporations don't much care for intangible skills.
@@PseudoNym100 I appreciate your kind words and compliments. I felt driven by God to follow this career path and the desire for service to others. No regrets despite the low monetary compensation.
The market is overpriced and the number of houses on the market say otherwise. The exception is the million dollar homes the ultra rich can buy. I personally am okay but the houses here around me are not worth 330,000.
Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advsior can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
Your invt-adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same invt-adviser and how I can get in touch with them?
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
We lived in Florida for years, loved it, had to move back up north for family. We planned on moving back and continuing working in our 60's. But pay rate is much lower in Florida and expenses much higher due to insurance, taxes and healthcare. If Florida doesn't get it together before we move , we are moving over seas and learning a new language.
Yup. Avoid the beach areas, go 15-30 mi inland and stay away from large lakes about a mile or so. Its cooler at night too inland and the humidity is actually lower when it gets hot vs the areas near the near ocean areas which retain humidity when hot >> (under 5 mi) and theres lots pf people moving to various Carribean islands and polynesian islands and Costa Rica, Panama, Ecuador, Guyana, Suriname. Just remember that a lot of Carribean is rules by UK like Canada.
I had $120k in my 401k and 90k in savings. No debts. 2008 came along and couldn't find steady work for 6 years in my industry. I hustled working on loading docks and temp jobs to keep my home and family fed. 401k and savings were gone by 2014. I've rebuilt back a fraction.
Thanks for posting this. There were people who bought simple primary residences in 2006-2008 that instantly lost hundreds of thousands of dollars instantly because of the so called "bad lending practices" of banks. This was just 5 years after the 2000 tech bubble, and the biggest accounting scandal in US history (Enron / Worldcom). So many people were wiped out in this 10 year period, because of a series of black swan events...or at least that's what "they" want you to believe. All of those events were planned to control something...and here we are again. The current run up in assets prices (stocks, bitcoin, houses, cars, food, gold) is once again being done to manipulate people. They want you to FOMO into these assets, and if they push them high enough, you will concede and buy them. Then when they drop the bottom out, and you are instantly out hundreds of thousands of dollars. rinse repeat.
For young guys. Quit school at 16, start your own construction business, save every dime you can, sell the business when you are 30 and retire in Thailand or the Philippines where you can live like a king and find a beautiful and loyal woman. Forget the US. I'm 73, and if I had to do it all over again, this is my advice.
I am a teacher in Miami, there is no way Jenovive did not have access to the cost of living and a Dade or Broward pay rate. No one in their right mind would become a teacher (or a cop) now a days. The work conditions (abuse from students, parents, politicians, etc) is awful and the pay is not sufficient.
Most people become teachers as a fall back career. All good teachers are underpaid what isn’t talked about however is how may bad teachers are over paid or people who fell into teaching because something else didn’t work out and are now teaching as a last resort.
I drove a medical transportation van full time in Portland , Oregon. 100% of that pay might just rent a bottom of the barrel studio apartment. I call this a pantomime job.
Did you notice that King Inslee has slapped a 4% surcharge on restraint food? My response to that is I reduce my tip by 6%. The wizards in Olympia can shove it.
One of the rules banks follow in determine a borrower's worthiness is the borrower's DEBT to INCOME ration. If young people have a ton of student loan debt, there is no way a bank if going to lend to them
That's what being in a union does for a young man. Your story is a story of special interest and nepotism. I'm 57 and was self employed as a landscaper my entire life. I look and feel, easily like a 40 year old man. I'll take health and vitality over nepotism and the easy road. I busted my ass and youthful health and vitality is my reward.
I feel bad for the higher educated who are faring worse in this economy. I make more money with associate's degree in nursing (paid 13k around 11 yrs ago) than I did with my bachelors degree (40k 20 yrs ago). I tell anyone I can make 6 figures with some overtime otherwise I work 3 days a week.
Our daughter in law is an RN and she works 3 days a week and make good money $$$, and she can work another 2 days overtime, and they will let her work . I was told by a nurse, there's at least One Million nurse shortage throughout The USA. Our daughter is an Dental Hygienist makes a lot of money ( work 4 days a week ) , if she wanted to work another day or two. There are dentists who's open Fridays and Saturdays in her region.
That’s what my daughter did. She lived at home and the whole thing cost about 10K so we paid it and she has no loans. Now she makes good money and if she wants to get her BSN, almost any employer will pay for it. Smart.
My husband worked a tech job for a few years and decided to take advantage of there offer of free college if you keep at least a C average. He went to school during the day part time and worked second shift for his tech job. It took him four years going part time but he graduated with an A in machining. He got his dream job where they handed him a print and he went and created the part. He retired early four years ago and life is good. Only wish others didn't have to scrap by with this terrible administration that is going on now. It will be changing in November!
Don't hold your breath. Between the swamp, the deep state, and the WEF, there is no way they are going to let Trump or any republican anywhere near the WH. imho of course...
I've accepted the fact that I'll never retire. My generation was lied to, and I've wasted years of my life and tens of thousands of dollars getting useless degrees. Now, I'm just hoping to find work that I can do until my brain stops working. I'm not even sad about it anymore. I just exist.
That's very hard to read, do you really are like that? You need a change, or two or three...until you are happy with your life, on the contrary is no life at all.
I think millions of Americans feel the same way. You just don't even think that far into the future because right now and the near future are already pretty bleak to handle.
When I was young I lost both parents, learned real quick to work, work and work. College wasn't an option. I am grateful for learning young. Old and debt free😊
Ex-husband has a Masters in Education, I have a 2 year Diploma as an RN. He was 'forced' to retire early (temper). He is now 70 and has to supplement his retirement with part time work at a grocery store. Me? Crushing my retirement with a $1000000 portfolio. Will be 64 soon, 39 years as a RN, no plans to retire in the near future. God has blessed me!
It is a shame for US that people who supposed to educate kids who are our future have ended up like this. Plus work at age 64 👀 You do not know what a good life is for the God sake😂
Congrats, you have earned it. Nurses work their behinds off long hours for not so great pay. Clearly along the line you educated yourself on investing. If you did nothing but keep your money in a money market account, you'd get about $50k interest and nit draw down the principle. If that was in a Roth account, you'd not pay any taxes on that money.
Love how down to earth your uploads are. I'm wayching from Denmark, and what happens in the US, will happen here with a short delay. I fully agree with you, everything is being over-complicated these days! It absolutely sucks!
SirMichael, I live in Wellington FL. Your best asset is speaking the truth even though you live in the soup of it. Your a Champ. You bring direct facts to the table for all interested. By doing this you bring positive progression to your own future, which you likely deserve. Thanks Champ
My boomer parents are freaking clueless and I’m a conservative. I pray I’m never so sheltered that can’t relate to my own children. They bought a home for 120k and sold it for 600k. Got the gold watch, 401k, 25 years in corporate America, SS and 15 Doctors appointments per month paid for by Medicare. Absolutely clueless how good they have it.
Medicare isn’t free! Part B plus a medigap plan, plus a drug plan can easily cost $400 per month…. plus you still pay for meds, and copays for doctors visits.
GORGEOUS Copernicia baileyana palm - thank you for capturing it in your walk. I REALLY appreciate the diverse landscaping you are able to capture in your walk talks!
Everyone in my family and most friends don't have a degree and they're all doing very well financially. One of my bro in laws makes $250k a year. The rest of us make between $90-$200k. It's because we're all hard workers and we take great pride in how good we do our jobs. Easy money is only easy when you fleece people which I've ran into quite a few times in my 61 years. Another fantastic video Michael. Let's help him get to 1 million subs people. He deserves it.
@@realfreedom8932Any trade in SW Florida pays better than a teachers salary. As it should be. If a fast food worker makes $18-$20( which they are hiring at that in my area), then a person who knows a trade should be making $40-$75.
glad you brought up this topic, I have a friend who is in deep debt gone thru a Master's degree. She got laid off 6 months ago and no job. She is currently back in school for a PHD degree and borrows even more $$$$$. She ditched the lease of her home and moved back to her parent. Using unemployment to pay the debt. From a Bad to Worse deal! Wishing her GL.
So when I was in college, just finishing up a double major one of my professors wanted me to get my MSW. I went to the school library (no internet yet) and looked up salaries for social workers with MSW. Nope. 30k max for all that school? Nope. Students today don't know how to think critically. Honestly.
My cousin went to work at the Railroad the day after H S graduation and started earning a lot of money. He could have wasted four or five years at university spending $XX,XXX and earning nada
Trade schools are looked down on. Those professions are not encouraged and that's really terrible. Because they are needed. Every single house has plumbing, electricity. Many of them have air conditioners. You're gonna need these people. And they pay really well.
I wanted to be a pathologist. The average salary for that is $339k/year. Starting right out of school is about $250k/year. I'm sure the state and area changes the income. Anyone can do a quick search to look up stats for any of this. I figured people would research a bit more considering how much time and money is pent in college.
$111,000 & $6,300 in property taxes is insanity. Midwest in $300,000.00 home, taxes are $1300.00 annual. Florida WAY TO EXPENSIVE and ALL COASTAL AREAS prices are off CHART!😮😮😮
Teachers are off June, July and August plus Holidays. In addition, they have sick pay and top notch benefits and pension plans. In my area they start out at 65,000 plus ... Most of them get help with their loans. As they continue their education - they earn even more. It's a cake job except within inner city areas.
It’s probably not a cake job but I don’t think it’s as bad as most teachers make it out to be. A lot of it has to do with your attitude. You can compare yourself with what an engineer is making and think you got a bad deal but I can attest I’ve had to deal with a lot of stress and political things. Most people said they didn’t want to be engineers. I couldn’t be a salesperson or a waiter, social skills was not something I was blessed with in abundance.
I work a PT job on the weekends. Two guys I know working there in their 70s died. I went to their funerals. It seems to me that retirement is now only for the rich. It isn't obtainable by the middle class anymore.
Perhaps the length of bachelor's degrees should be reduced to three years, with a tighter focus on the major subject. If nothing else, the cost of the degree could be reduced by a quarter.
Yeah it's a shame. I've seen so many people forced out of retirement to go back to working part time jobs so they can keep paying their bills because their retirement income couldn't keep up anylonger.
Those real estate prices five and ten-folding in price just over the last 5 to 8 years is why all major cities are hemorrhaging population and moving/taking over the thousands of small towns across the USA and the world in general which are (somewhat) more affordable places to live. This major city exodus is really happening and I see it!
![กี่หมื่นฟ้า | Your Sky Series EP.1 [1/4]](http://i.ytimg.com/vi/vLGjxFL6U_I/mqdefault.jpg)
FAST FOOD LAYOFFS ARE HERE! THOUSANDS LOSING THEIR JOB...th-cam.com/video/U77ASr4XDfY/w-d-xo.html
Even fipping burgers is not save.
I think they ran a poll (and cancelled it) because so many millennials reported having a 9 mil retirement plan. Or plan to 'retire by .45'.
At some point, the prices and staffing issues, crime, etc will take their toll. They will close.
100% Accurate
I think college have become crooks, but people with degrees earn more on average. The issue is the TYPE of degree - vs - COST. No FAANG company, or 6 figure jobs will hire you without a degree, trust me. Another good option for people is go for jobs with pensions where you'll receive specialized training.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
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.
It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha
That's an intriguing outcome. How can I contact your Asset manager?
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
As a centenarian who retired decades ago, it is shameful that I am still working to pay property taxes on the home that I built 58 years ago for my retirement.
That's criminal. I'm sorry to read this.
Feels like renting 😂
Same... bills and prop tax with homestead exemption and pot holes (and i live within eye view of county road crew warehouse.. they got a new LED sign though ....town has one stop light) and i grew up and did first uploads where he makes these videos... i make tesla parts and have to help my dad who also sold real estate in miami.... not making this up)
Argentina and others overseas, check it out. :>) much lower cost of living and great lower healthcare
@@pawsitiveleader8710point me in the right direction..... Thai land is a no for me.
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
Mind if I ask you to recommend this particular coach you using their service?
Vivian Jean Wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Leaving the US is going to be the new retirement plan.
Where have you been? 100s of thousands of American retired expats worldwide since 1970s.
Instead of living near your family?
Young people are already leaving. Why wait for nothing
I've been looking for quite a while at other countries to retire in... there are lots of great choices. The USA is over.
Thailand, Philippines, and Costa Rica looking really good right now!!!
I graduated High School in 1976 to much fanfare because it was America's bicentennial, 200 year birthday. Never in a million years did I think I would live long enough to witness its demise, but here we are.
The DEMISE will be COMPLETE on America's 250th birthday TWO years from now in 2026!!!
was pretty obvious when clinton gore won
Do you remember how patriotic Americans, government and businesses were then too? I can't believe how much things have changed.
@@coastdweller69 Politics is irrelevant - " The Sickness Is The System " , R Wolff [ corporate capitalism isn't for the working class ]
Same. I graduated in 1977. I pictured a retirement like my parents and grandparents had. I'm now witnessing the degradation of this country and massive shift towards socialism that my father, the ex-military/ history enthusiast, warned me would happen.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
this is all new to me, where do I find a fiduciary, can you recommend any?
‘Sharon Ann Meny’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Sadly, you’ll be retired whether you can afford it or not. Companies don’t want to employ older people.
I would say not necessarily true all the time. Many companies don't want to train. They want immediate producers.
That's not ENTIRELY true...If you've got a skill they need, they MIGHT take you for a BIT less....hopefully by the time you're old you can afford to work for a tad less...
That is very true. They don't value experience anymore.
I was a headhunter for a while, 30 years ago and I recall our Sales Consultants office getting a full, big commission for placing a 65 year old engineer @@nogames8982 and I'm quite sure that action continues. Corporations will pay top dollar 4 experience.
That is true. Also your health gets worse, not much you can work if anything.
Imagine going to college for 6 years, getting your dream job starting at $80K but still can't afford a house
yes but after 15 years , you could be pulling down 83k
WHATS 80K TODAY ?
@@tarzan1392 Lower class
How about not being able to afford a house for EA$ILY 15-20+ years besides massive parental help/inheriting their propertie($) and I’m talking working 60+ hours a week all those years too. EVERY property you see for miles out is $1mil+, small af, and needs $200k avg+ in updates
@@debbiec6216 big money means big debts and big taxes. Been there, done that. You're much better off making steady money instead of going to all that school and trying to hit it big on the back end to pay it all back.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $53k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
My CFA ’Annette Marie Holt’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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..
If you have good health give thanks daily. Same goes for a loving family. Without them life is rough.
They love you so long as you are flush
Need a reason to go to work these days when all salaries go down to the drain thanks Biden for inflation !
@@SunofYork and in good health
@@bill9923 "Grandad can you make noise like a frog ? "
Why ?
"Coz mom says that when you croak, we can all go to Disneyworld"
@@justinb198 So lets all vote Fascist with Putin's wishes eh ?
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
@@VioletJessica- That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
@imohimoh3441 VICTORIA CARMEN SANTAELLA Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I'm 58, grew up in the largest city in my state. 25 years ago I had a house built 50 miles outside the city. Now I have zero debt and still live in the same house. Happy as can be. This was done working in a factory with nothing but a high school diploma.
boomers truly were living life on easy mode
@@psizzle8541 and some people will try to debate this. 😂
Yes, they worked hard to find happiness. We work hard to survive.
How many countries have you traveled to 😊
@@psizzle8541You're high, Gen Z.
Just like no Ford F150 is worth $100K, no house like whats on that street is worth $1M. There are only so many people who can afford that, and most of them have their property already. So, keep them. Just like we dont have to buy overpriced cars, we dont have to buy overpriced houses. We not only cant afford them, we dont want them. We are just tired of the games; we dont want to play anymore.
It's called, socialism baby. People are so, so blind to see. Again, it's just like the frog in the boiling hot water....
Seriously
1 Million huh? Does it have a insulated attic? No. Does it have solar with battery backup? No. Heated driveway? No. Wired for internet? No. And so on...
👏🏼 💯💯💯
Right. I guess you can't give UAW employees almost a hundred dollars an hour (including benefits, obviously) and sell a truck for fifty grand anymore. Just like you can't usher in 12 million illegals who need a place to live without thinking landlords and corporations aren't going to snap up anything and everything available for the HUD money to start rolling in. I'm in total agreement with you buy the way as far as the car and truck prices go. That industry will be dead in ten years. The problem is, yea, you can take public transportation or keep your older car. Unfortunately, rent is about to skyrocket even more than it already has the past few years, and unless you want to live in a tent city in California somewhere, it's going to reach us whether it's rent, mortgage or taxes. Unavoidable, so we have to keep "playing" the game. We have no choice. The marxists are in charge now. Real estate prices go up and RENT will, obviously, go up too. Factor in all of our "new Americans" who the taxpayers will soon be housing with all kinds of new "apartment complexes" going up all over, and you think rent isn't going to be MORE expensive than an average mortgage? I'm not referring to just the ridiculous home prices Michael is showing in this video, but look around the entire country. There is a reason NO ONE can afford housing anymore. All part of the great reset. You and I will see a much different America than the one we grew up and prospered in as "regular" and middle class people.
I always planned to work in some capacity until the day I die. Retirement is overrated. I am living simply and am able to take my summers off to enjoy my hobbies. I have zero saved for retirement. I’m a 50 year old independent remodeling contractor. The key is to have an eternal perspective. This fallen world is only a temporary home
There is actually a direct correlation between retirement and death. If you retire early you're more likely to die sooner. This is bcuz you lose purpose. This isn't everyone of course but if your purpose is solely based on your job and not replaced with something else that enriches your life then you just waste away sometimes
This may work so long as your body behaves perfectly for you from 50 onwards. Many people become a statistic because they didn't plan on 'getting old' applying to them. Mother in law never earned much, never made effort to, thought things would 'take care of themselves ' and is now falling more and more into debt as no one will give her work at 75. I'll bet she'd love to be 50 again 😢
AMEN BROTHER !!!
Your comment is right on the money enjoy what you have because you're not taking anything with you
Retirement is one of those pipe dreams used to control people!
My parents never gave me an allowance. They could not afford it. I was very independent, started working at age 15. However, i know a woman who was given a regular allowance of $10,000 a year. Her parents also bought her a brand new car. When they passed away, she inherited a sprawling ranch style home and 1.8 million dollars. The house was repossesed because she never paid any property taxes and she blew through the money in 4 years and never worked. Now she is broke and no mommy and daddy left to help her. Better to be independent and work for every penny. Dont spoil your kids!
Agree ...I spoiled mine and now they are not working for 30 years and clawing at me... NOW I SAY NO !
They should have set up a trust fund for her and hire a fiduciary . Stupid parents.
Independent at 15 is narcissistic abuse
Sad 😔
This story resonates with me. I started work at 15, a family member inherited a lot of money. He had uni education too but blew through all the money in 15 years. Sadly now in his 50s no assets, really hurts to see.
My late father retired from new York city at 42.he had a pension for 47 years,let that sink in.he never really knew how lucky and easy he had it.😮..
New York City is 20 years and out with a pension for cops
And New York is always in the hole. It's why they always need a Democrat president to change the tax law so they can deduct their State and Local taxes from their federal liability.
My mother retired from NYC union job after 20 years and still collecting pension 30+ years later.
@@gregorylyon1004 its 25 now
Gov has destroyed this country
I'm 69 yo. Retired last year. Didn't think I'd live this long (parents died young). I get 2300 a month SS. No debt. I'm moving to Las Vegas to live with my 66 yo retired sister and her 2 cats and will pay 700 (half, though she didn't ask for anything). I'll drive my car (Austin to LV), taking only my bike and whatever I can fit in 4 boxes. I'm still healthy and don't mind working a part-time job, like cleaning, if I need any extra cash. My family, who are doing pretty good and are happy, will stay in Austin though they know they are welcome to move to LV anytime.
Getting very bad in LV
@@Purgatoryhomestead47just curious- bad in what way? We are considering a move so if you can elaborate I’d be thankful- don’t want to move somewhere worse
This sounds lovely and you and your sister are lucky to have each other! Life is easier when you have someone to do it with and that person doesn’t have to be a partner.
Yeah right... "Restaurant jobs have more flexibility," like having to work weekends and holidays, no paid sick days, no vacation days, no health insurance, and on-call on your scheduled days off... and you can be fired without cause. Sounds great.
😂😆🤣
Love listening to dude bros talk about how awesome working a minimum wage $hit job was or how they are so successful.....so why aren't you still working that job and why aren't you doing your vidoes in a mansion instead of your car or in the street?
You just described a job in nursing, not in the restaurant industry.
What is a good job working for Gov
@@Dan-z6b3d If you’re talking about pay, it’s a regulatory job that you can collect bribes at such as a county clerk, police officer or inspector.
1.4 million is criminal for that house.
It is ribbery🎉🎉🎉
It's the market! What people are willing to pay that sets the market and what surrounding properties sell for.
@@rickg882well for us poor people it's criminal 😂
22,000 for annual property tax is criminal
There’s a house in South Carolina in your budget
Sorry you haven't met any doctors who care, and I mean that sincerely. As a surgeon, I am fully invested in my patient's wellbeing. There are definitely serious issues with today's medical system, but there are a lot of us who care very much and are as frustrated as the patients. It's the corporate practice of medicine that has turned it into a factory.
Thanks for your videos. I always enjoy them.
Thank you for what you do. Much respect.
I am a now retired R.N. and practiced nursing for 44 years with the last 21 of those years worked in primary care for the VA. Most of the internists I worked with jumped through hoops to provide the best possible care for their patients which was not easy working for a totalitarian Uncle Sam agency that treated the physicians with zero respect. It was all about the bottom line.
Good believable doctors that have the best interest of the patients are hard to find . I also work in the healthcare field, I went to the doctor not too long ago because I wanted to get a trigger point injection and I came out of the appt with the doctor telling me that I have psoriasis arthritis, she ordered a bunch of 💩 that I don’t really need. I had this because of sitting many hours in front of a computer/ bad posture , anyways I walked out of her office with same problem no trigger point injection and with a bunch of blood work and X-rays of the whole body. I have a decent health insurance because, I work at the hospital . When I was told what I had to pay for all those test I said. Cancel all my appts, I will mange the pain by myself! It is ridiculous. You go for one thing and come out with another, and complete disregard for the chief complaint, the health system is a piece of sh💩. I know what the signs and manifestations of psoriasis arthritis are, and I don’t have any therefore I refuse to do all those tests.
Here's another point of view. Youth and time is everything. I'm 66. My wife is 65 and recently disable. We have plenty of money. But, if we could be broke and 25 again, we would take that deal in a second.
That's why millennials and Gen z are dropping out of the workplace. Why work when you'll never own anything anyway!?
No marriage no kids no stressful job 😎
The truest words. Time is all we have and it’s limited. Why waste too much of it to support the 1% and the useless shameful corrupted government 😮😮😮
Agreed
@@SpiKSpaN-ei6zq I might be wrong but I think he's saying he would trade it all for physical youth and vitality.
@@SpiKSpaN-ei6zq You completely missed his point. Population decline and lack of family is a recipe for disaster. You're going to regret that.
Made 95k last year welding and I learned that skill for free. While it does not come with the prestige of a degree, I think its something one should consider. 95k with zero debt feels like winning.
What jobs wouldn’t be hit with that you think?
@blobmonster9494 "Build back better"
Anything without debt is winning.
Welders will be replaced with robots soon, at least ones in the shop
Just like all the IT guys and data analysts will be replaced by AI. Crazy times ahead.
How stupid is it to send a kid who knows nothing in to a college with a culture of drinking and partying, and expect them to find their way. It's like an extension of high school, but with a huge bill.
College is for children of the wealthy that can pay for their college tuition and have No college debt . IF you go into debt 80 K for a low value degree...Your a FOOL
College is the new high school. So is Congress….. well maybe more like an assisted living kind of home 😂😂😂😂😂
Depends on the kid...I also doubt it's a culture of drinking and partying anymore...most kids are staring at their phones more than anything...
Most of them now ₩0k3 hellholes. Colleges have been seeing a big decrease in male students bc men looking at alternatives that yield am ROI and little debt
Drinking, partying and drugs when you're going to college is called the American way. Ain't that wonderful? Not how they do it in Europe or Asian schools/ colleges were they actually learn something
The rhetoric in the school system is go to college get a job. Kids are going to college with no actual direction and ending up with useless degrees in fields they aren’t passionate in.
I decided to drop out of college and enter the technical field. I spent 5 years gaining experience at different jobs. Now I’m an engineer and can find a job whenever. This path should have been shown to us as kids
So you are an unqualified engineer
It might be an engineering title but not professionally licensed, which is acceptable when working at a firm under a licensed engineer.
Truer words…..
That and financial litteracy the divorce racket and the criminal tax scams 😊
Parents need to be telling their kids not to go to college right out of high school and to find out what they want to do before even deciding if college makes sense. It’s been true for at least the last 10 years that college is not worth what you end up paying for it.
As a doctor working in South Florida I have to say that everything you said is so true
A master's degree has been rookie numbers for a very long time. You need a PHD and a masters to fully feel horrible when you can't afford to retire.
Savage post. Lol
I see that a lot in Physical Therapy they want a PHD!
I see alot of seniors working at Walmart.
Lowe's and home Depot too
Transportation in Miami Florida
So sad
No poor senior can retire 😢
Minimalism, downsizing, let go of your wants and attachment and financial education is the way to go ! There is no other alternative. I am 37 and ready to retire with this wisdom !!
public education in the US gets worse every year the productivity is negative
The gender agenda is horrific . No way would I gamble on my child's life like that.
Bidenomics, eh...
Just like the US government.
@@dertythegrowerSo, this is what growing from the bottom up, and the middle out looks like.
But everyone that graduated after no child left behind thinks they're intelligent!! Lmfao 🤣
We can only be expected to do so much. This system is not only corrupt, it's failed.
yet the CNN watchers keep voting for the same system
As designed.
Is it time to pull it down yet? Or shall we starve first?
i retired 4 years ago, Covid shut the world down a week after i retired so i had to wait 3 years and i finally moved to Guatemala. Best thing i ever did. Great weather and affordable housing
Have you visited the Lago Atitlan btw? It has some stunning views with that volcano
@@thunderresistant yes been there a few times, i love panarock
@@mastersr1956 awesome, wish you the best out there, my friend 👌🏻
50k for a Toyota Tacoma, just like 15 minutes ago they were 18k. Toyota Tundra 90k lol crazy town. WHO's buying this stuff?
I bought my dad's 2017 Toyota Tacoma SR5 for 20k. That's the most I will likely ever pay for a vehicle. Can't imagine paying 50k for a basic truck these days.
Finance everything era
lol and how much for a Ford or Chevy?
@@ronweasley4767 A Ford Maveric 26k new. Hyundia Santa Cruz at 26k too.
Work until you die.. depressing. Assuming you have a job. This economy is completely broken unlike anything I have ever seen before.
Its not broke. It is working exactly as it should!! It's by design!
This is NOT by coincidence!!
@@analyticalhabitrails9857yep, man vs AI. It’s like the terminator it almost be coming reality
That's what I think. That's the deal in the day
I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.
In my opinion, IRA is a valuable strategy for retirement planning, providing growth and tax advantages. While the market is promising, expert guidance is essential for portfolio management.
I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. Other than Disability Cheque, I earn enough from home and live comfortably with her help.
this is incredible! how can I get your advisr, mind sharing info, if you please?
’vivian jean wilhelm’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
These young kids graduate from college with a 100,000.00 /200,000.00 loan on their back
How do they get ahead?
They don’t!!!!!
Anywhere the government throws money becomes a useless boondoggle. Look at how shit our Healthcare is getting.
That's very rare. The average debt is somewhere like 20-30k, which is still alot, but nowhere near the numbers you're saying.
come on they are 18 when the sign up for the debt. They are adults
Well…..they signed the dotted line!
I am retired engineer with advanced degree. It was the time for that. But if I were 18 today, I would go to liberal arts college because I love learning, but I would at same time, apprentice as electrician. No way would I waste time on working for a company. By age 25, I would have zero debt, a union certification, and would be starting my own contracting biz. AI will replace engineers, but there are no robots that will crawl into attics to rewire a house, LOL. Any dirty work or specialty work will pay big time because nobody under 50 knows how to change a light bulb. (Well, ok, I exaggerate.) The point is, I would make 5 x what a PHD in electrical engineering will make, as a grubby electrical contractor.
College is no longer the way to success. Too many intellectual jobs will be lost to AI. Become a plumber or an electrician or a carpenter or a gardener or a dentist or anything that requires intellect AND physical labor.
I dropped out of college in my sophomore year and started my own business 48 years ago when I figured out that working for someone else is just a living. Sold my business 3 years ago and retired very comfortably! It was hard with many ups and downs, but well worth it.
I think 1 good way to not spend so much on your kids college is to send them to a community college for the first 2 years. Then if they do well you can send them to a better school, but no need to send them to some expensive college. That can be some big $$ you aren't wasting away, you will be happy when you're older.
Yep thats what we did
I would never pay for a child's expensive education if I could not afford it and certainly would not go into debt to do so.
So many are now dipping into their retirement funds to prevent foreclosure.
@DonLicu. and he's absolutely right. Retirement was for boomers by boomers.
We get to work till we simply can't, and have to fall back on our savings. If you have no savings then you will die on the job. Simple
@@DonLicualameanwhile most peoples 401 ks are in part controlled by blackrock or vanguard. was it him or leon black tied to eggstain island.
I just want a steady job so I'm not jumping from gig to gig always desperate to pay a bill on time. It burns u out. Can't imagine living like this forever.
@@brendaechols5929 I usually only last a while before I get bored, or they screw me over, then I just move on to the next....I'm a schizo so that might be why!?
I live in cocoa beach I made 85,000 last year serving. I never went to college barely graduated high school. I’ve been a server for 10 years and had a roommate and saved money. I’m by far ahead of ppl I know with degrees
College doesn't pay off in 10 years. Check back at 55 though...
Roommates are a challenge, especially when old.
Tipping is out of control.
@@user-je5nn2lq5j how? if you're sitting down and someone is bringing you everything while you sit and eat. Also servers have to tip out of the shitty tip you left. how about just don't go out and eat if you can't afford the tip.
Hello Michael!! :)- I just turned 51 last month and I thought that by now I thought that I might of owned a house by now, maybe have a few kids and be married by now. I have none of those and I am now considering becoming a nomad and just traveling as apparently the American Dream has now become a "nightmare". You can thank the wonderful idiots that are running this country into the ground and nobody sees what is about to unfold!!
Trades take a big toll on your physical health. Shoulders, knees, hips. Carrying heavy burdens, kneeling on cement, ladder work, etc. You could end up having to find something else while still young with health compromised.
Very true! In such a case you must move into a supervision role by mid 40s at least so you do not have to have such hard labor on your body.
i was a drywall taper always on stilts and picking up 50lbs buckets of mud but i loved it so that made it easier, i'm 73 retired but went back to work driving a school bus, i live on my SS check and save my pay check, no debt my house and car payed for so i can't complain, my lot rent is really low landlord is a great guy not greedy at all, i'm not going anywhere but i know millions are just barely surviving!
I took the military route. I received a free college education, with a Master's Degree. With a monthly salary, as a commissioned officer.
But the high risk was that you could have been killed.
@@thegroovypatriot percentages are in his favor
@@thegroovypatriotYou can get killed crossing a bridge these days.
@@thegroovypatriot Many officers and enlisted never see a war zone. I deployed to Saudi for 3 months in 1994 during the time between gulf wars.
@@scotmandel6699until you do😂😂😂🤷🏾♂️
Imagine going to college for 4-5 yrs, getting a STEM degree, and breaking even just renting an apartment. And you have $100,000 in student loans
Thank you for addressing the realities Millenials deal with. We are exhausted. Student debt not related to the lucrative careers is fiscally irresponsible.
Xgen is exhausted also. We are being squashed with or without a degree.
401 k is a joke when market fall all your money you work for and saved is gone while the one percent take your 410 k😮
S&p 500 has returned on average 10% over time. If you panic during a downturn, you'll lose. I am not in the one percent and my single mother upbringing we sure weren't rich. I EDUCATED MYSELF on investing. Read lots of books, watched lots of videos. I am no Warren Buffet but I do have a net worth north of $1 million. No one in my family had any experience with it, we aren't in the one percent. There are thousand of videos on youtube where folks break down all this. You do not get rich quick. Live below your means, consistently invest over time. I went through the cynical phase too. Save 15% for retirement, keep an emergency fund so when emergencies happen you won't turn to your retirement. Watch Dave Ramsey.
Stop spending money you don't have to buy things you don't need to impress people you don't care about.
"Compound interest is the eighth wonder of the world. Those would understand it collect it, those who don't pay it" - Einstein.
Add hyperinflation , and all you life savings may be gone.
My neighbor and his wife are retired. They are probably in their 70s. He recently started driving for lyft. So sad...
Hopefully they vote
Yep, that's what my granddaughter did! She makes more money waiting at a restaurant than in the field that pursued. What is wrong with that picture?!
That she’s naive and gullible???
College degree doesn't pay
Was her degree in STEM or MEdicine? or a BS degree for party girls ?
Her dad didn't educate her on the TRUE value of a higher education! lol
Chicago teachers get paid very well, and their retirement is extremely high to the point of being ridiculous.
Some colleges are now $90k per year! That should be for four years, not one.
Which college is $90k?
With $860,000 in Bank CDs earning 5.55% I REFUSE to buy the Dream Corvette that I wanted for $32,000. I can just live without it.
I used to want a Corvette, but I asked my future self if it made any difference in my life. None of the old folks were impressed he told me. It never got me laid because, for the hypergamous gals, a Ferrari was the entry level. It was more in maintence, insurance and gas.
@@MrCPPG And if it needs to go in for service they will charge a lot (been there) and if it turns out to be something significant they will charge you a fortune. It's just too scary . Having money doesn't mean throwing it away makes it any less painful.
you have alot of will power good for you 'i'm the same way i can afford to buy a newer car but i won't, i just don't want to give this fucking state the sales tax on a newer car so i leave the money in CD's!
marblox9300 Its not a good idea to post those big money numbers in public forums. the email associated with your youtube acct might get hit by phisher emails or pswd/token stealing malware
@@gregh7457 I mostly delete all my emails. On a rare occasion I get one that actually means something.
A married couple can retire if they plan it accordingly. Follow these guidelines.
1. Pay off your mortgage
2. Pay off your credit cards
3. Move to a lower cost of living location.
4. Have health insurance plan.
5. Negotiate prices
3. Move to a lower cost of living location >>> back to your parent's home is the lowest cost of living location!
1) bullshit
2) possible
3) bullshit
4) out of your control
5) bullshit
Haven’t dated a modern woman lately huh? You’re living in the past.
Generally, lower cost of living areas, jobs are low paying.
✔ on each one. I had my plan since, I been 18 years old and investments , short and long term.
No regrets.
There are too many Dumb Degrees.
i agree and i wasted time and so much at it.. for IT.. and most good trade skills like electrician or plumber is less time and effort and money to get into, and you can do that in any place on earth
You got that right?
Totally agree.
like sam bankman fried ,his parents and his girlfriends parents.
The colleges make it sound like you get a degree in basket, weaving, and you're gonna have a career in that and make a great living. They lie through their teeth. There are still college degrees that are worth getting but I would say probably 75% of them are worthless.
I have stopped all kind of retirement funds. 50% of people die without using their retirement funds. Fucking sad. I invest, I trade, I pay taxes, I will probably never retire, but I will always have money and live normally. Retirement funds are one of the biggest ponzi schemes invented, alongside fiat and inflation.
Buy Bitcoin instead 🎉
I know lots of people who have died young and never got the supposed golden prize of retirement!
I feel those who I know that died young have gone to better places!
Student loans guaranteed by the government = predatory lending. People are told their whole lives you need to go to college. Most kids don't have a plan. Most classes that are intro classes are just an introduction to the topic but not career choices with salaries and all the requirements for it. All intro classes should have all of that criteria so social worker wannabes know the salary is shit so even though the field is noble it's not really financially viable. By the time most kids figure out their path they will have multiple semesters wasted where those classes aren't going to matter. That's predatory.
Interesting that you brought up social work. I was in that career for 20 years from 1978 until 2008, with periods of unemployment for some different life circumstances. I started at a salary of $10,000 and ended at $34,820. Most of my employment in social work was at county agencies. Two of these places froze raises and cost of living increases for several years. They also rewarded us productive workers with more cases. Social work is socialism in the work place. So no matter how hard you worked, you got paid as much as the other employees in your positions. That was the reality.
The need to abolish many practices by colleges and businesses such as college requirements for you to take elective classes, which is a waste of time and money for the student. Ban the practice for businesses to require a 4 year degree for a position without specifying what degree you need to have. If you will take any 4 year degree, it means the job doesn’t require it.
@@barnabusdoyle4930 agreed. Kind of. In general, companies that list a degree requirement without specifying it are just using it as a gauge of competency and commitment. I don't know if it's good practice for the government to be able to say what companies can and can't look for.
I definitely agree that generals shouldn't be part of a degree. Most of those classes aren't different than what's required in high school anyway.
@@debbiecreter2005 you probably did great work and helped a ton of people. And not everyone can do that kind of work, which is an intangible skill. Unfortunately, governments and corporations don't much care for intangible skills.
@@PseudoNym100 I appreciate your kind words and compliments. I felt driven by God to follow this career path and the desire for service to others. No regrets despite the low monetary compensation.
If you dont know already, the real estate market is triply inflated. These homes( insert your area) are NOT worth the price.
They printed over 3x the money supply during covid. Maybe you didn't get it, but someone did. They will buy the houses.
The market is overpriced and the number of houses on the market say otherwise. The exception is the million dollar homes the ultra rich can buy.
I personally am okay but the houses here around me are not worth 330,000.
@@DiscipleofHim You got it backwards the $330000 is not worth the home anymore.
Bidenomics.
Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advsior can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
Your invt-adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same invt-adviser and how I can get in touch with them?
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
We lived in Florida for years, loved it, had to move back up north for family. We planned on moving back and continuing working in our 60's. But pay rate is much lower in Florida and expenses much higher due to insurance, taxes and healthcare. If Florida doesn't get it together before we move , we are moving over seas and learning a new language.
inner counties, and drive to the beach..
Yup. Avoid the beach areas, go 15-30 mi inland and stay away from large lakes about a mile or so. Its cooler at night too inland and the humidity is actually lower when it gets hot vs the areas near the near ocean areas which retain humidity when hot >> (under 5 mi) and theres lots pf people moving to various Carribean islands and polynesian islands and Costa Rica, Panama, Ecuador, Guyana, Suriname. Just remember that a lot of Carribean is rules by UK like Canada.
DeSantis needs to handle the insurance companies
Try South Carolina
Belize is great for retirement from what I hear
I had $120k in my 401k and 90k in savings. No debts.
2008 came along and couldn't find steady work for 6 years in my industry. I hustled working on loading docks and temp jobs to keep my home and family fed.
401k and savings were gone by 2014. I've rebuilt back a fraction.
I had $30K in the bank and a 771 CREDIT RATING with a $200K credit line!!! 2008 came along and WIPPED IT ALL OUT!!!
Thanks for posting this. There were people who bought simple primary residences in 2006-2008 that instantly lost hundreds of thousands of dollars instantly because of the so called "bad lending practices" of banks. This was just 5 years after the 2000 tech bubble, and the biggest accounting scandal in US history (Enron / Worldcom). So many people were wiped out in this 10 year period, because of a series of black swan events...or at least that's what "they" want you to believe. All of those events were planned to control something...and here we are again. The current run up in assets prices (stocks, bitcoin, houses, cars, food, gold) is once again being done to manipulate people. They want you to FOMO into these assets, and if they push them high enough, you will concede and buy them. Then when they drop the bottom out, and you are instantly out hundreds of thousands of dollars. rinse repeat.
How old were you in 2008?
I graduated college that year and my whole work experience has been terrible
For young guys. Quit school at 16, start your own construction business, save every dime you can, sell the business when you are 30 and retire in Thailand or the Philippines where you can live like a king and find a beautiful and loyal woman. Forget the US. I'm 73, and if I had to do it all over again, this is my advice.
Not the Philippines,they may be unstable soon.
Thailand is turning into the US.
It's been great, but the party is over I'm afraid. Cost to own a home, even after the mortgage is paid off, is quite high.
With those crazy property tax, not sure who really owns the house…..😂😂😂
Yes the " American Dream" has turned into the amerikan nightmare !!
My nephew graduated about 2 years ago from NYU actually a year early. He didnt get that dream job he works in an antique shop.
I am a teacher in Miami, there is no way Jenovive did not have access to the cost of living and a Dade or Broward pay rate. No one in their right mind would become a teacher (or a cop) now a days. The work conditions (abuse from students, parents, politicians, etc) is awful and the pay is not sufficient.
Most people become teachers as a fall back career. All good teachers are underpaid what isn’t talked about however is how may bad teachers are over paid or people who fell into teaching because something else didn’t work out and are now teaching as a last resort.
I drove a medical transportation van full time in Portland , Oregon. 100% of that pay might just rent a bottom of the barrel studio apartment. I call this a pantomime job.
Prices the same across the river in Vancouver Washington State USA. It's disturbing.
@@garymensurati1631 Time to move to a place where the wages match the cost of living.
Did you notice that King Inslee has slapped a 4% surcharge on restraint food?
My response to that is I reduce my tip by 6%.
The wizards in Olympia can shove it.
Restraint? lol
Thank you auto spell.
Restaurant. *
Move...Kansas City Kansas has great pay and cheap housing ....get out of those Horrible Liberal democrat High tax areas
One of the rules banks follow in determine a borrower's worthiness is the borrower's DEBT to INCOME ration. If young people have a ton of student loan debt, there is no way a bank if going to lend to them
Teaching at the college level requires a master's degree, which often means taking on massive student debt. Doesn't make sense. System is broken
Got my masters degree with no debt
My son was home schooled. He didn't go to college. He's 24 and making well over $120,000.00 a year. Not too bad for a 24 year old kid.
What does he do for a living?
Save the money .
He is a union electrician. Or does hvac. High school is enough
That's what being in a union does for a young man. Your story is a story of special interest and nepotism. I'm 57 and was self employed as a landscaper my entire life. I look and feel, easily like a 40 year old man. I'll take health and vitality over nepotism and the easy road. I busted my ass and youthful health and vitality is my reward.
Rent boy ?
I feel bad for the higher educated who are faring worse in this economy. I make more money with associate's degree in nursing (paid 13k around 11 yrs ago) than I did with my bachelors degree (40k 20 yrs ago). I tell anyone I can make 6 figures with some overtime otherwise I work 3 days a week.
Our daughter in law is an RN and she works 3 days a week and make good money $$$, and she
can work another 2 days overtime, and they will let her work .
I was told by a nurse, there's at least One Million nurse shortage throughout The USA.
Our daughter is an Dental Hygienist makes a lot of money ( work 4 days a week ) , if she wanted
to work another day or two. There are dentists who's open Fridays and Saturdays in her region.
That’s what my daughter did. She lived at home and the whole thing cost about 10K so we paid it and she has no loans. Now she makes good money and if she wants to get her BSN, almost any employer will pay for it. Smart.
My husband worked a tech job for a few years and decided to take advantage of there offer of free college if you keep at least a C average. He went to school during the day part time and worked second shift for his tech job. It took him four years going part time but he graduated with an A in machining. He got his dream job where they handed him a print and he went and created the part. He retired early four years ago and life is good. Only wish others didn't have to scrap by with this terrible administration that is going on now. It will be changing in November!
I'm 100% Trump but can't see things improving much if at all prices never go down once they are high.
Don't hold your breath. Between the swamp, the deep state, and the WEF, there is no way they are going to let Trump or any republican anywhere near the WH. imho of course...
Thank you to our host for these walk-around sessions. Always learn a lot
I've accepted the fact that I'll never retire. My generation was lied to, and I've wasted years of my life and tens of thousands of dollars getting useless degrees. Now, I'm just hoping to find work that I can do until my brain stops working.
I'm not even sad about it anymore.
I just exist.
Welcome to my world. Just don't try to drink yourself to death like me 😮
ESL instructor overseas.
That's very hard to read, do you really are like that? You need a change, or two or three...until you are happy with your life, on the contrary is no life at all.
I think millions of Americans feel the same way. You just don't even think that far into the future because right now and the near future are already pretty bleak to handle.
@@alurrix3676 We all just exist. Unfortunately the vast majority of us have been reduced to nothing and never being able to build a future.
The main thing that hurts retirement is property taxes for those of us who have factored in owning our homes in order not to pay high rent.
When I was young I lost both parents, learned real quick to work, work and work. College wasn't an option. I am grateful for learning young. Old and debt free😊
Education is a for
profit BUSINESS at ALL levels 1st grade thru college.
Everything is. Including organized religion.
Bold😂
Colleges are nothing more than hedge funds disguised as institutions of higher learning. Don’t go to college. It’s a scam.
It’s a for-profit disguised as a non-profit taking advantage of student loans😂😂😂
Deep down to corporate America's subterranean world
Ex-husband has a Masters in Education, I have a 2 year Diploma as an RN. He was 'forced' to retire early (temper). He is now 70 and has to supplement his retirement with part time work at a grocery store. Me? Crushing my retirement with a $1000000 portfolio. Will be 64 soon, 39 years as a RN, no plans to retire in the near future. God has blessed me!
It is a shame for US that people who supposed to educate kids who are our future have ended up like this. Plus work at age 64 👀 You do not know what a good life is for the God sake😂
Your retirement can't support the both of you?
She is divorced. "Read: EX-Husband!!!🕵️📝💝
Congrats, you have earned it. Nurses work their behinds off long hours for not so great pay. Clearly along the line you educated yourself on investing. If you did nothing but keep your money in a money market account, you'd get about $50k interest and nit draw down the principle. If that was in a Roth account, you'd not pay any taxes on that money.
Worst job
Love how down to earth your uploads are. I'm wayching from Denmark, and what happens in the US, will happen here with a short delay. I fully agree with you, everything is being over-complicated these days! It absolutely sucks!
I think maybe your friend knew how much she was gonna make when she started school but wasn’t expecting prices to be so much higher 6 years later.
still not a good idea of hers. inflation is only at 3%
SirMichael, I live in Wellington FL. Your best asset is speaking the truth even though you live in the soup of it. Your a Champ. You bring direct facts to the table for all interested. By doing this you bring positive progression to your own future, which you likely deserve. Thanks Champ
My boomer parents are freaking clueless and I’m a conservative. I pray I’m never so sheltered that can’t relate to my own children.
They bought a home for 120k and sold it for 600k. Got the gold watch, 401k, 25 years in corporate America, SS and 15 Doctors appointments per month paid for by Medicare. Absolutely clueless how good they have it.
what do you want from them? empathy? an apology for having a great life? At their age would "having a clue" really matter?
Sounds like a "normal life" for a period not long ago.
Medicare isn’t free! Part B plus a medigap plan, plus a drug plan can easily cost $400 per month…. plus you still pay for meds, and copays for doctors visits.
Boomers are addicted to going to the doctor
GORGEOUS Copernicia baileyana palm - thank you for capturing it in your walk. I REALLY appreciate the diverse landscaping you are able to capture in your walk talks!
I plan to work until my brain and body can no longer function... just like Biden.
Watch out for the steps! Just like Biden.
Hahahahaha....
Trumps already there also! Lol
@@douglascarpenter5433 They both are.
😂
I’m 71, retired 10 years and loving it. Service, college, work, kids, homes, vacations. Been a great life.
Everyone in my family and most friends don't have a degree and they're all doing very well financially. One of my bro in laws makes $250k a year. The rest of us make between $90-$200k. It's because we're all hard workers and we take great pride in how good we do our jobs. Easy money is only easy when you fleece people which I've ran into quite a few times in my 61 years. Another fantastic video Michael. Let's help him get to 1 million subs people. He deserves it.
micheal deserves 100 million subs and viewers !!
What career/trade pays well?
HVAC will always pay 100+.
@@realfreedom8932Any trade in SW Florida pays better than a teachers salary. As it should be. If a fast food worker makes $18-$20( which they are hiring at that in my area), then a person who knows a trade should be making $40-$75.
And send him to college!!
glad you brought up this topic, I have a friend who is in deep debt gone thru a Master's degree. She got laid off 6 months ago and no job. She is currently back in school for a PHD degree and borrows even more $$$$$. She ditched the lease of her home and moved back to her parent. Using unemployment to pay the debt. From a Bad to Worse deal! Wishing her GL.
So when I was in college, just finishing up a double major one of my professors wanted me to get my MSW. I went to the school library (no internet yet) and looked up salaries for social workers with MSW. Nope. 30k max for all that school? Nope. Students today don't know how to think critically. Honestly.
My cousin went to work at the Railroad the day after H S graduation and started earning a lot of money. He could have wasted four or five years at university spending $XX,XXX and earning nada
I know a person who did that and to this day , he still works for the railroad . Railroad pays decent wage.
Railroad workers put in a lot of hours
I'm prepping for what needs to happen. Good luck brothers and sisters!
You understand what's coming ..😢
@@SpiKSpaN-ei6zq I do and I am scared out of my mind but have been prepping since 2008-09. I knew this day was coming!
I@@thearch1tect249 ...am doing great, making millions, and laughing at trumpy preppers like Timothy McVeigh and the Waco nuts
Invest in canned goods and water filtration
Yo where at theres strength in numbers. 😂 @@thearch1tect249
Trade schools are looked down on. Those professions are not encouraged and that's really terrible. Because they are needed. Every single house has plumbing, electricity. Many of them have air conditioners. You're gonna need these people. And they pay really well.
Been here 57 years born and raised when you see houses over value like these are the bubble is going to burst it does it every time.
I wanted to be a pathologist. The average salary for that is $339k/year. Starting right out of school is about $250k/year. I'm sure the state and area changes the income. Anyone can do a quick search to look up stats for any of this. I figured people would research a bit more considering how much time and money is pent in college.
$111,000 & $6,300 in property taxes is insanity. Midwest in $300,000.00 home, taxes are $1300.00 annual. Florida WAY TO EXPENSIVE and ALL COASTAL AREAS prices are off CHART!😮😮😮
Insane home prices!! Jeez - this one (at 2:22) DOUBLED in price in 5 years. Completely INSANE.
Teachers are off June, July and August plus Holidays. In addition, they have sick pay and top notch benefits and pension plans. In my area they start out at 65,000 plus ... Most of them get help with their loans. As they continue their education - they earn even more. It's a cake job except within inner city areas.
Teachers stay in public education for the lifetime pension
Darn right. Say it the way it is !
Why is every state at number 48 in schools ranking ?
Rank 48. So easy to fail
It’s probably not a cake job but I don’t think it’s as bad as most teachers make it out to be. A lot of it has to do with your attitude. You can compare yourself with what an engineer is making and think you got a bad deal but I can attest I’ve had to deal with a lot of stress and political things. Most people said they didn’t want to be engineers. I couldn’t be a salesperson or a waiter, social skills was not something I was blessed with in abundance.
I work a PT job on the weekends. Two guys I know working there in their 70s died. I went to their funerals. It seems to me that retirement is now only for the rich. It isn't obtainable by the middle class anymore.
That’s sad 😞
In our family, financial “gifts” were disbursed when we were buying baby carriages and first house versus upon death
Perhaps the length of bachelor's degrees should be reduced to three years, with a tighter focus on the major subject. If nothing else, the cost of the degree could be reduced by a quarter.
You can already do that, but one usually doesn't have time to work enough with all the credit hours per semester required.
Teachers are not paid enough, but administrative positions are overflowing.
Brain drain is real.
Can't tell you how much I enjoy your videos ! I always look forward when a new one comes out. Thank you so much .
Yeah it's a shame. I've seen so many people forced out of retirement to go back to working part time jobs so they can keep paying their bills because their retirement income couldn't keep up anylonger.
I agree with you 100 per cent.People especially younger generations don't like to hear or talk about this subjects,many are in denial mode.
Those real estate prices five and ten-folding in price just over the last 5 to 8 years is why all major cities are hemorrhaging population and moving/taking over the thousands of small towns across the USA and the world in general which are (somewhat) more affordable places to live. This major city exodus is really happening and I see it!
But what happens when all the small towns reach capacity and become just as expensive?