Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.
I appreciate entrusting investment decisions to a coach whose expertise centers on leveraging risk for its asymmetrical potential. Over the past two years, I've made over six figures working with this coach, benefiting from their skills in navigating the market.
Very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified
@@pensacola321 Before we retired We put in solar, purchased electric cars,new roof, AC and water heater(heat pump). It has taken us several years but no longer pay $5+ / gallon for gas nor electricity for the house. Don't expect roof issues either. Now, new kitchen and appliances and bathrooms and floors throughout and a more comfortable retirement.
@@bryanwhitton1784I did similar a year ago. Adding more Solar drove a new roof. You didn’t mention batteries. We also did two Tesla PowerWalls. If you have not considered it, I recommend it. I zeroed out my Arizona Electric bill for 2023 where I carried a negative value to my utility throughout this very hot summer. Saying that, batteries are costly and may not pay off. Due to the product being pretty new, I really won’t know if they pay off until a real grid failure happens or this year continues to repeat itself.
Kinda reminds me of coming home from my last day of work for my retirement. My pickup threw a check-engine light on the way home, then I got home and within 30 minutes found my robotic pool cleaner threw an error code and was ruined/shorted inside, also pulled out my relatively new dremel tool and found it stopped working due to a broken wire in the motor windings. Those weren't nearly as expensive as the roof etc... but I discovered them all within an hour or two of coming home. I think there were a couple of other things like that that ive forgotten already. At the time I knew this would be funny eventually but it was a shocking welcome home to retirement.
Thanks for this video. I’m in year 2 of retirement and working on my Spending confidence level. Several good points you made show the ways to gain in confidence as you go through the retirement years. I’ll use those going forward.
Good content and discussion Eric, thank you. Currently I am focused on working with my grandkids (21 & 23) to both better educate and make sure they are off to a good start with saving for their future and retirement. Many of the points you covered were useful to me and I plan to incorporate them into my conversations with them. A I have a few books I am planning on them reading and then we'll discuss any quesitons and what they learned. A book I just finished covers much of your points in more depth and is all about the psychology that motivates us to make decisions and choices in life and investing. This is one I'll have them read. Spending Your Way to Wealths by Paul Hayes, Investorship Publishing. Larry, Central Valley, Ca.
They have a big advantage with someone like you helping them. I hope you started with them soon enough. I've been working with my son since he was 5 on saving, investing, and retirement "The sooner you turn your money into workers (who earn you more money through investing), the sooner you can stop working." A commercial comes on the TV, radio, webpage- "Oop- what's that buddy? A commercial here to convince us that we need something. What do we say to commercials?? No thank you commercial, we have enough."
Some excellent thoughts, as always. I would mention that “boredom” is what our ancestors used to call “life.” Boredom is a pathway to focus, to incremental progress - and ultimately to meaning Would mention that our ancestors likely did much less “striving“ in the hunter-gatherer era, when life was relatively easy, and food was plentiful. Studies of ancestral people reflect that they sit around quite a bit after their basic needs are met. “Moving the goalposts” is a form of modern insanity. Health issues related to hyperstimulation and sedentariness in the modern industrial/digital age are the most concerning. Embrace boredom. Strive less. Your healthspan will increase.
My anxiety is high because the market is still down 13% from the peak, inflation probably took out another 15%, and my paycheck is lower in real terms. How can you deal with thinking you are going backwards? I know intellectually that I should stay invested and investing but psychologically I’m panicking at times. In my case I don’t make decisions with my emotions so there’s nothing to be afraid of, but it’s uncomfortable.
That’s why I pulled out of the markets. You can make make 5% on fixed no risk investments. People generally buy stocks on greed and sell on fear. We are living in unsettling times with fake media and corrupt governments. We are in a perfect storm for a collapse. Just saying…
@@daveschmarder-1950Actually, income annuities have become a commodity and offer only low commissions. Proving that you are not schmarder than anyone .😊
The only real piece of mind is to know Jesus and that this life is just a holding period in the grand plan. Consume Bible scripture not Roman pagan crap!
Sounds like propaganda passed from generation to generation. Religion by definition is a cult. And the sad part is that most of us were forced into this cult shortly after birth, and kept in it, by fear tactics. Being controlled by a cult is not healthy.
Marcus Aurelius Antoninus was Roman emperor from 161 to 180 AD and a Stoic philosopher. I don’t think he was writing about pagan rituals. I am a Christian also but I don’t throw away great wisdom. Sure if he said go worship Baal and sacrifice your children to the fire I’d agree with you but he is one of the great thinkers ever to live.
Excellent, excellent content! I appreciate the time you put into these type of topics! Enjoyed the references from other great thinkers. This is just what I needed to hear.
Fantastic , comprehensive points of view which really make great sense; thanks. Its hard to get over the hurdle of convincing oneself, you have enough !
Great video, a good blend of financial and non financial advice, it speaks to many of the questions I have after being in retirement for 4 years. Thanks!
This video speaks to my soul. Thank you for all that you do to provide great advice in an easily digestible format for all levels of varying financial acumen. You’ve definitely helped provide me with peace of mind as I approach retirement in a couple of years.
I realized that the secret to making a million is making better investment. I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc Not making up to a million before retirement is unfulfilled retirement.!!
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.
I appreciate entrusting investment decisions to a coach whose expertise centers on leveraging risk for its asymmetrical potential. Over the past two years, I've made over six figures working with this coach, benefiting from their skills in navigating the market.
@@ThomasChai05Mind if I ask you to recommend this particular coach you using their service?
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
Very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified
I just spent $30,000 on a new roof, air conditioner and water heater. I'm trying to stay positive.
Well you are positive that you have a new roof, a new air conditioner and a new water heater.😊
@@pensacola321 Before we retired We put in solar, purchased electric cars,new roof, AC and water heater(heat pump). It has taken us several years but no longer pay $5+ / gallon for gas nor electricity for the house. Don't expect roof issues either. Now, new kitchen and appliances and bathrooms and floors throughout and a more comfortable retirement.
Although costly, they were needed. Furnace and A/C replacement for me. Hang in there, it was a good and necessary investment. 🙏👏
@@bryanwhitton1784I did similar a year ago. Adding more Solar drove a new roof. You didn’t mention batteries. We also did two Tesla PowerWalls. If you have not considered it, I recommend it. I zeroed out my Arizona Electric bill for 2023 where I carried a negative value to my utility throughout this very hot summer. Saying that, batteries are costly and may not pay off. Due to the product being pretty new, I really won’t know if they pay off until a real grid failure happens or this year continues to repeat itself.
Kinda reminds me of coming home from my last day of work for my retirement. My pickup threw a check-engine light on the way home, then I got home and within 30 minutes found my robotic pool cleaner threw an error code and was ruined/shorted inside, also pulled out my relatively new dremel tool and found it stopped working due to a broken wire in the motor windings. Those weren't nearly as expensive as the roof etc... but I discovered them all within an hour or two of coming home. I think there were a couple of other things like that that ive forgotten already. At the time I knew this would be funny eventually but it was a shocking welcome home to retirement.
Thanks for this video. I’m in year 2 of retirement and working on my Spending confidence level. Several good points you made show the ways to gain in confidence as you go through the retirement years. I’ll use those going forward.
I truly love your videos, and the true vision of how all humans should reflect upon. Thank you so much, and May God Bless You Always. ❤
Excellent video! Thoughtful video and presentation content I a relatable story. I’m hooked on your method after first video. Thank you.
Good content and discussion Eric, thank you. Currently I am focused on working with my grandkids (21 & 23) to both better educate and make sure they are off to a good start with saving for their future and retirement. Many of the points you covered were useful to me and I plan to incorporate them into my conversations with them. A I have a few books I am planning on them reading and then we'll discuss any quesitons and what they learned. A book I just finished covers much of your points in more depth and is all about the psychology that motivates us to make decisions and choices in life and investing. This is one I'll have them read. Spending Your Way to Wealths by Paul Hayes, Investorship Publishing. Larry, Central Valley, Ca.
They have a big advantage with someone like you helping them. I hope you started with them soon enough. I've been working with my son since he was 5 on saving, investing, and retirement
"The sooner you turn your money into workers (who earn you more money through investing), the sooner you can stop working."
A commercial comes on the TV, radio, webpage- "Oop- what's that buddy? A commercial here to convince us that we need something. What do we say to commercials?? No thank you commercial, we have enough."
So true about getting into nature to regain perspective! Thank Eric!
Some excellent thoughts, as always. I would mention that “boredom” is what our ancestors used to call “life.” Boredom is a pathway to focus, to incremental progress - and ultimately to meaning
Would mention that our ancestors likely did much less “striving“ in the hunter-gatherer era, when life was relatively easy, and food was plentiful. Studies of ancestral people reflect that they sit around quite a bit after their basic needs are met. “Moving the goalposts” is a form of modern insanity.
Health issues related to hyperstimulation and sedentariness in the modern industrial/digital age are the most concerning.
Embrace boredom. Strive less. Your healthspan will increase.
Ahh Pythagorean polymath breakout! Love it Eric!
My anxiety is high because the market is still down 13% from the peak, inflation probably took out another 15%, and my paycheck is lower in real terms. How can you deal with thinking you are going backwards? I know intellectually that I should stay invested and investing but psychologically I’m panicking at times. In my case I don’t make decisions with my emotions so there’s nothing to be afraid of, but it’s uncomfortable.
That’s why I pulled out of the markets. You can make make 5% on fixed no risk investments. People generally buy stocks on greed and sell on fear. We are living in unsettling times with fake media and corrupt governments. We are in a perfect storm for a collapse. Just saying…
That's s lot wisdom from a relatively young man. Where'd you get all that? 🙂
Amazing, isn't it. 🎉
He who knows he has enough is rich (Asian wisdom)
Get an income annuity and sleep....
I'm seriously considering it for the essential expenses!
As long as inflation stays at a low value. ;-)
It is said that 5 out of 5 annuity sales people recommend annuities to others.
@@daveschmarder-1950 or someone who is risk averse!
@@daveschmarder-1950Actually, income annuities have become a commodity and offer only low commissions. Proving that you are not schmarder than anyone .😊
The only real piece of mind is to know Jesus and that this life is just a holding period in the grand plan. Consume Bible scripture not Roman pagan crap!
In other words, trust your imaginary friend.
Sounds like a nonsense cop out to me. Accept responsibility for your own life.
Sounds like propaganda passed from generation to generation. Religion by definition is a cult. And the sad part is that most of us were forced into this cult shortly after birth, and kept in it, by fear tactics. Being controlled by a cult is not healthy.
Marcus Aurelius Antoninus was Roman emperor from 161 to 180 AD and a Stoic philosopher. I don’t think he was writing about pagan rituals. I am a Christian also but I don’t throw away great wisdom. Sure if he said go worship Baal and sacrifice your children to the fire I’d agree with you but he is one of the great thinkers ever to live.
Excellent, excellent content! I appreciate the time you put into these type of topics! Enjoyed the references from other great thinkers. This is just what I needed to hear.
Peace of mind in retirement = priceless
Excellent video Eric...Your big picture perspective is very reassuring..amd much appreciated!
Fantastic , comprehensive points of view which really make great sense; thanks. Its hard to get over the hurdle of convincing oneself, you have enough !
Great video, a good blend of financial and non financial advice, it speaks to many of the questions I have after being in retirement for 4 years. Thanks!
As always, great food for thought! Thanks Eric!
Another great video, Eric. Thank you!
Good video. Thank you!
Great insight, thanks
You are so good.
This video speaks to my soul. Thank you for all that you do to provide great advice in an easily digestible format for all levels of varying financial acumen. You’ve definitely helped provide me with peace of mind as I approach retirement in a couple of years.
I realized that the secret to making a million is making better investment. I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc Not making up to a million before retirement is unfulfilled retirement.!!
How did Dave get so smart at such a young age?