My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
It's 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 $30k 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.
Annette Christine Conte 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.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
This administration keep making things more difficult for its citizen and we can't sit back and bear all the consequences of their bad governance. I feel for disabled seniors who are not getting the help they deserved. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $1000 and receiving $8,300 in 4days. Good bless Natalie Brunel?
You got me when you said never claim to know. that has been my mindset because I watch lot of TH-cam videos on learning I've been loosing my knowledge Isn't enough
Nice to see this here, Ms Natalie understanding of market indicators is impressive. Che knows exactly when to enter and exit trades for maximum profit. I still make $30,500 weekly
I'm happy at age 70, mexican, living in Mexico, live on my $2,000 Dls. a month pension. I still pay a mortgage, but it pays itself because I sublet 3 rooms to college students. Oh I also own a full Bitcoin which I bouth this year after selling a house back in May 2023. So my wife and I are set for rest of our lives. Just expecting to have enough for our medical expenses in the coming years.
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
I started out with a financial advisor called *Camille Alicia Garcia* Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Always great content. Just one thing. I don't use the word "retired" if I can avoid it. I prefer "Financial Independence". It's a different mindset. I left my corporate job about nine years ago and continue to work on my own terms. I invest in real estate, stocks, Bitcoin, etc. It's fantastic to have enough that you don't have to work, but you enjoy the sense of purpose that work brings.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
@AustinWalker67 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Bridget Mary Turow, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
Thank you James for all the KPM! No one else on the the internet brings this level of alpha for there viewers. I definitely benefit form your hard work, will need to pull the trigger on joining you and family on Patreon. I tried two years ago but there was no room. I'll have to check on November 1st! 💯%
James i found your TH-cam channel just few days ago. Im very happy your content is so genuine. I refer your videos as encyclopedia. So much of information in one video.
This is the ultimate wake up call to anyone who is still asleep. It is human nature to believe that the way things are is the way they will always be. For decades that has been true. But it's not true any more. Things are changing fast. What James is telling us all is "wake up". Ignore at your peril. I find it hard to believe that this amount of knowledge exists in one man's brain. Thank you James
I’m 45, started to follow James/IA 3 years ago. Very grateful to cross paths with this community! My retirement plan is still messy (wrong decisions/too risky), yet; the plan reached a focus stage with solid foundations! Thank you
The best thing and the simplest thing you could do is make sure you're investing $100 into your brokerage or retirement account. If you aren't able to, figure out how to come up with some extra cash. Your future self needs it.
Low six-figure income, no debt, nearing mortgage payoff ($400k property), age 43. Invested over 15x annual salary, amazed by focus on scraping by in retirement. Aim for surplus. My goal: retire at 55 with $5M. Unless the markets crash, these two points should align. I'm quite lucky to have started working with a financial advisor early.
This is mind blowing! As a young adult inheriting about $500k and new to stock investing, I'd greatly appreciate it if you could direct me to your advisor. I can't afford to make costly mistakes.
She goes by ‘’Jessica Annabelle Rupp’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you for sharing, I must say, Jessica appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
This is one of your best. I've been listening since you first began. I'm sharing this with everyone I know who will listen. Started dcaing into BTC since 6k.
You said it best in one sentence, “they didn’t have a plan, they live week to week.” This is why I refuse to feel bad for full time employees who constantly complain….
I respect the concerns about UBI, but think a limited UBI safety net (just above the poverty level) could be a good option for us to try if (and only if) done: - with a balanced budget (no monetary expansion) - in replacement of existing welfare programs, SS disability, unemployment, etc, that require more gov't oversight, subjectivity/discretion, & administrative cost, and - using the existing dollar without introduction of a CBDC
Yes i think in the future with less jobs available something like this will be required once alot of jobs are replaced by robots etc In the UK at least the ideas for UBI are that it would provide just enough income for people to buy food, accommodation and people would also work if they wanted more income for luxuries etc. In the UK we also have the benefit system which is similar in some respects except its only for the jobless or seeking employment and arguably doesn’t pay enough to survive on comfortably.
James is the most honest and genuine finance personality that I've come across via social media & TH-cam; he presents factual info and potential solutions all while not trying to shill $hit coins or 3rd party services. Thanks to James and the InvestAnswers team for all of the hard work.
James than you so much. I have seen other youtube channels over the years pumping coins, but not a real data, not emotional channel like yours. So proud to be in your patreon amazing community. Thank you.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Natalie Noel Burns who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Natalie has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I retired at 52. Important to plan, plan, plan, and adjust plans as things change. By the way, I do not think elderly people are 65 they are people 10 years older than you are.😂 Stay healthy my friends.
Great lesson James! Watching you for years and even watching your 3 years old videos again. You’re inspiring a lots of people including me 😁 My two cents- Just HODL! 💪
How do people manage in retirement since 401ks are nothing to write home about? My 800k turned to 250k in no time. Im 61, will I work till God calls me?
I worked until 59, I was at the top of my income game, liked my work, and we could both go on Medicare. I ALMOST fell into the “only one more year” trap.
Finances: 35% in 5.25% secure, 40% stocks, 5% cash, 10% gold/silver, 5% Series I Savings Bonds, 5% “play” stocks (TSLA, HD, CCL). Key: NO debt. I don’t need my RMDs, thus, take as QCDs. This is a unique portfolio as apportioned by my fa.
Each portfolio is peculiarly apportioned according to your taste and sentiments, but Loren will straighten you out if you work with her in particular. I have a portfolio of almost a million and her sum exceeds 500 million, you will be charged a negotiable fee in form of commission
Preach it James starting early and investing for 100 years. If they only taught this in school there wouldn't be so much misery in the world. Your the best content creator by far 💪🤜🤛👍💯
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.
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
I was able to diversify my $195k portfolio across markets with the aid of an investment advisor, and in just a few months, I was able to generate over $430k in net profit from high dividend generating equities, ETFs, and bonds. If you're uncertain about the market, you should speak with an advisor.
I'm guided by *Mary Onita Wier* an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
I love these ,they are so detailed and really open your eyes to the future possibilities and the sandbagged conservative targets really help. It’s been fantastic watching all the work from James and the team over the last few years, thank you for the top alpha,honesty and transparency.
Thanks James personally I’m already aware of most of this. Unfortunately most of the population is not glad you are making an effort to get this content out there
In Slovakia, average retirement payment per year is 7320 USD (yes seven thousand). That's why we build houses to die in and never move. :-) (and not everything is cheaper here, e.g. fuel) So, rather gotta learn and take care of my own retirement plan.
UK NHS/DR's etc: James, they ran for the hills as believe or not the 'lifetime allowance' in private pensions was around £1.13M, above that were massive tax penalties - many 'professionals' had the decision when nearing age that they can access =55yrs old: retire or get penalized. That rule has/is changing re/ lifetime allowance, but its too late - the Gov created that exodus.
An absolute banger of a video with non stop hard hitting facts that everybody needs to hear if you are serious about having a comfortable retirement. Thanks again James and Team.
Not all workers in New York Sanitation Dept make $250, 000 a year that was based on one upper management person. Most other make about half of their salary after 20 years and reaching a certain age.
Crypto investment has really changed my financial status positively. I got my first house the year I started investing and today networth is over £732k
all you mention are all good but I’ll advise you venture into crypto first because it will help you grow your portfolio very fast and it require not so much to start
James, first I want to mention how transparent it is that you really do this for the love of helping others and I would say that you are cool enough just as you are, so stay true to yourself always! Great topic and thanks for all the information! One thing I believe is that the US is quite different from many other places, specially Europe. One example is that in Europe many countries have already pretty high salary taxes to cope with the social security problem. Which doesn't make it any better, as the problem to begin is the lack of capacity for the government to manage the assets correctly and the overall corruption and abuse of funds ans power. I also believe the mentalities of younger people in Europe are slightly different than in the US. I would say that in europe most of the people above 30 cares a lot about their retirement. Specially now that many people strive to retire earlier. But i will share this with all my friends to make sure they are as informed as possible!
I got into stocks and crypto because of James. My parents worked their whole life till their last days, always saying that stock market is a gamble. Thanks James for your education, I am not looking to be rich overnight but understand, learn and educate my kids as well as my friends circle who work with me. Thats my goal..Thank you James and mods for all your efforts..not forgetting the entire AI family!!
Robinhood is pretty cheap. I could see that company becoming the next Amazon/Google/Walmart/Facebook. No one under 40 wants to call a broker when they can just push some buttons on their smartphone. As long as they dont go bankrupt or get regulated to death, I think theyll be big in 10 years.
Wow, what a wakeup call video! I thought the sub-freezing temperatures and inches of snow on the ground today in Montana was a wake up call, however this video was like having an extra large ice bucket of water dumped on my head. I am certainly awake now. Can't thank you enough, Mr. James, for ALL that you do!
Can't thank you enough for the perspective on the realities of retirement. Especially the scary stuff! Trying to teach my 21 year old nephew about finance and get him interested so he'll get a head start on saving for the future. But he has such a short attention span, as I did at 21.
Killer synopsis yet again. I’m mid 50s. My younger brother put me on to James. Always a good go-to for recentering when distracted by current noise. Thanks.
What an eye opener, I started doing it in the lockdown, wish I started even 20 years ago. How do we get our kids to listen, its difficult, when they believe in social media than there parents!
Ignorance is bliss. I’d be a nervous wreck today if I hadn’t found you when I did. I’m staying vigilant, but I’m confident me and mine are gonna make it.
The most valuable content you could do, in my opinion. I have been saying these things to all the people I know but they have all settled into the idea of working until death. I'm grateful for this detailed breakdown so that I may show others the depth and complexity of this issue and maybe they can make moves to save themselves.
Thank you James, you’re being of real service in an area of everyone’s worldly experience that is ordinarily characterized by avarice and competition - it’s inspiring, and I hope Im able to learn from your daily pearls of financial wisdom - Cheers man!
Thank you very much, James, for another excellent analysis- and, in this case, rightfully alerting everyone to such vital data and likely consequences.
Priceless KPM James. If I'd just been able to concentrate on your 'suggestions' for the past 3 years or so. I find great solace in your repeated assertion that we are still early. Sorry to sound so cheesy, but hey, love you man.
Because ROTH IRAs are tax-free, you'll be able to keep more of the money you've worked so hard to earn.I want to invest more than $300k, but I'm not sure how to go.
Holding fixed-income assets in tax-deferred retirement funds as opposed to taxable accounts has additional advantages. If you don't know how to invest in the market, get some advice from a financial counselor.
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
My consultant is *Alicia Estela Cabouli* She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
I recently asked a 35 year-old guy whom I manage (I know what he earns and the 25% pay rise he had) how much he puts into his pension. "The minimum" he replied which is 4%. I replied "please don't make the same mistake I made; you could be retiring at 50 and spend time with your family!". You can guess his response: "oh, errr, you know. I'm the sole earner blah blah blah." He eats take out for lunch every day and always has a new phone. It's like watching a car crash in slo-mo. I'm sharing a link to this with my team. It's a dose of hard reality that people need to WTF up! Assuming the "W" means wake!
I am 10 years older than James and learning tons from this gentleman. Never stop working and learning !
Hello @sophiastaub3763, if you're 10yrs older than James, that means you're 50, right?!!! 😂🥳🤠
that's my motto, too
Amen to that brother
James is young. But his wisdom is 100.
Missed it earlier but lots to think about here. Thanks James for providing us will lots of KPM!! ❤❤❤
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
It's 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 $30k 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.
Do you mind sharing info on the advisor who assisted you?
Annette Christine Conte 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.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
This administration keep making things more difficult for its citizen and we can't sit back and bear all the consequences of their bad governance. I feel for disabled seniors who are not getting the help they deserved. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $1000 and receiving $8,300 in 4days. Good bless Natalie Brunel?
Great testimony I always say it as a newbie Never claim to know: Ask questions and it's best you work with a financial advisor
You got me when you said never claim to know. that has been my mindset because I watch lot of TH-cam videos on learning I've been loosing my knowledge Isn't enough
Nice to see this here, Ms Natalie understanding of market indicators is impressive. Che knows exactly when to enter and exit trades for maximum profit. I still make $30,500 weekly
Wow that's mind blowing results how can I reach out to her
I used Natalie's beginners strategies due to my full time job. and It's amazing that lady is genius
I'm happy at age 70, mexican, living in Mexico, live on my $2,000 Dls. a month pension. I still pay a mortgage, but it pays itself because I sublet 3 rooms to college students. Oh I also own a full Bitcoin which I bouth this year after selling a house back in May 2023. So my wife and I are set for rest of our lives. Just expecting to have enough for our medical expenses in the coming years.
Es todo tío!
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
@@maryHenokNft wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
I started out with a financial advisor called *Camille Alicia Garcia* Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
This channel should be required watching for all college aged students. Excellent.
Always great content. Just one thing. I don't use the word "retired" if I can avoid it. I prefer "Financial Independence". It's a different mindset. I left my corporate job about nine years ago and continue to work on my own terms. I invest in real estate, stocks, Bitcoin, etc. It's fantastic to have enough that you don't have to work, but you enjoy the sense of purpose that work brings.
Amen. I call it 'punching my own clock.' I'm super busy. And self-manage my finances. Live well, brother.
No one is going into this much depth as James and the team. Awesome as always!
Much appreciated!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
@AustinWalker67 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Bridget Mary Turow, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@AustinWalker67 Bridget Mary Turow
Lookup with her name on the webpage
My 32 and 34 year boys each have a bitcoin. Boom from a Boomer!
Buy BTC folks. or get left behind
I could have bought some BTC a couple weeks ago, and I’m already being left behind. Need to take action!
Thank you James for all the KPM! No one else on the the internet brings this level of alpha for there viewers. I definitely benefit form your hard work, will need to pull the trigger on joining you and family on Patreon. I tried two years ago but there was no room. I'll have to check on November 1st! 💯%
🎉
James i found your TH-cam channel just few days ago. Im very happy your content is so genuine. I refer your videos as encyclopedia. So much of information in one video.
Dam I love you James.
I always listen to you while I work and take in what I can, but I'm listening to this episode 2x back to back!
Thank you man!
This is the ultimate wake up call to anyone who is still asleep. It is human nature to believe that the way things are is the way they will always be. For decades that has been true. But it's not true any more. Things are changing fast. What James is telling us all is "wake up". Ignore at your peril. I find it hard to believe that this amount of knowledge exists in one man's brain. Thank you James
I’m 45, started to follow James/IA 3 years ago.
Very grateful to cross paths with this community!
My retirement plan is still messy (wrong decisions/too risky), yet; the plan reached a focus stage with solid foundations!
Thank you
One of the most valuable channels on YT. I watch everyday and screenshot and take notes. Thanks!
Great to hear!
The best thing and the simplest thing you could do is make sure you're investing $100 into your brokerage or retirement account. If you aren't able to, figure out how to come up with some extra cash. Your future self needs it.
Low six-figure income, no debt, nearing mortgage payoff ($400k property), age 43. Invested over 15x annual salary, amazed by focus on scraping by in retirement. Aim for surplus. My goal: retire at 55 with $5M. Unless the markets crash, these two points should align. I'm quite lucky to have started working with a financial advisor early.
This is mind blowing! As a young adult inheriting about $500k and new to stock investing, I'd greatly appreciate it if you could direct me to your advisor. I can't afford to make costly mistakes.
She goes by ‘’Jessica Annabelle Rupp’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you for sharing, I must say, Jessica appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
This is one of your best. I've been listening since you first began. I'm sharing this with everyone I know who will listen. Started dcaing into BTC since 6k.
King James is a legend
You said it best in one sentence, “they didn’t have a plan, they live week to week.”
This is why I refuse to feel bad for full time employees who constantly complain….
Great advices as always, thanks for the education James and keep them coming!
you bet!
I respect the concerns about UBI, but think a limited UBI safety net (just above the poverty level) could be a good option for us to try if (and only if) done:
- with a balanced budget (no monetary expansion)
- in replacement of existing welfare programs, SS disability, unemployment, etc, that require more gov't oversight, subjectivity/discretion, & administrative cost, and
- using the existing dollar without introduction of a CBDC
Yes i think in the future with less jobs available something like this will be required once alot of jobs are replaced by robots etc
In the UK at least the ideas for UBI are that it would provide just enough income for people to buy food, accommodation and people would also work if they wanted more income for luxuries etc.
In the UK we also have the benefit system which is similar in some respects except its only for the jobless or seeking employment and arguably doesn’t pay enough to survive on comfortably.
Middle class 150-200k I wish , 60k here 13 hour days all summer
Thanks in part to you, my husband & I created a plan a couple of years ago and are well on our way to financial freedom.
James is the most honest and genuine finance personality that I've come across via social media & TH-cam; he presents factual info and potential solutions all while not trying to shill $hit coins or 3rd party services.
Thanks to James and the InvestAnswers team for all of the hard work.
Great content, James. Very informative and detailed info, regardless of if one is a crypto investor or not! 💯
it's so important folks stay educated on this topic
Always hit the like before watching, and I've never changed my mind at the end of the video.
Great work guys
I appreciate you and this channel SO MUCH!
James than you so much. I have seen other youtube channels over the years pumping coins, but not a real data, not emotional channel like yours. So proud to be in your patreon amazing community. Thank you.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Natalie Noel Burns who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Natalie has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
James the info is eye opening, without you I would never know. This show should be on tv in place of the daily news
I retired at 52. Important to plan, plan, plan, and adjust plans as things change.
By the way, I do not think elderly people are 65 they are people 10 years older than you are.😂 Stay healthy my friends.
Reading all these comments is heartbreaking. James really is a saint.
Great lesson James! Watching you for years and even watching your 3 years old videos again. You’re inspiring a lots of people including me 😁 My two cents- Just HODL! 💪
I appreciate that!
James is the ace of finance analysts.
How do people manage in retirement since 401ks are nothing to write home about? My 800k turned to 250k in no time. Im 61, will I work till God calls me?
I worked until 59, I was at the top of my income game, liked my work, and we could both go on Medicare. I ALMOST fell into the “only one more year” trap.
How were you able to apportion savings, investments and expenditure?
Finances: 35% in 5.25% secure, 40% stocks, 5% cash, 10% gold/silver, 5% Series I Savings Bonds, 5% “play” stocks (TSLA, HD, CCL). Key: NO debt. I don’t need my RMDs, thus, take as QCDs. This is a unique portfolio as apportioned by my fa.
Who is this person you use? And roughly how much do you pay for this service?
Each portfolio is peculiarly apportioned according to your taste and sentiments, but Loren will straighten you out if you work with her in particular. I have a portfolio of almost a million and her sum exceeds 500 million, you will be charged a negotiable fee in form of commission
this is real public service broadcasting. bravo!
thank you
Such a critical must watch video for everyone of working age, from Gen X to Boomers.
Thanks to you James we are in good place.
Preach it James starting early and investing for 100 years. If they only taught this in school there wouldn't be so much misery in the world. Your the best content creator by far 💪🤜🤛👍💯
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.
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
I was able to diversify my $195k portfolio across markets with the aid of an investment advisor, and in just a few months, I was able to generate over $430k in net profit from high dividend generating equities, ETFs, and bonds. If you're uncertain about the market, you should speak with an advisor.
@@mariaguerrero08 Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
I'm guided by *Mary Onita Wier* an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Gonna share this video as much as i can with friends and family they need the truth now more than ever.
I love these ,they are so detailed and really open your eyes to the future possibilities and the sandbagged conservative targets really help.
It’s been fantastic watching all the work from James and the team over the last few years, thank you for the top alpha,honesty and transparency.
you are most welcome, glad you're enjoying the KPM
Thanks James personally I’m already aware of most of this. Unfortunately most of the population is not glad you are making an effort to get this content out there
Very worrying but so informative, and yet the wake up call has just slapped me in the face ..thanks james
A thousand thank you for this clear investment strategy
In Slovakia, average retirement payment per year is 7320 USD (yes seven thousand). That's why we build houses to die in and never move. :-) (and not everything is cheaper here, e.g. fuel) So, rather gotta learn and take care of my own retirement plan.
UK NHS/DR's etc: James, they ran for the hills as believe or not the 'lifetime allowance' in private pensions was around £1.13M, above that were massive tax penalties - many 'professionals' had the decision when nearing age that they can access =55yrs old: retire or get penalized. That rule has/is changing re/ lifetime allowance, but its too late - the Gov created that exodus.
I use 80% of my retirement plan around James. I trust this man implicitly when it comes to Crypto and asset management.
An absolute banger of a video with non stop hard hitting facts that everybody needs to hear if you are serious about having a comfortable retirement. Thanks again James and Team.
I've been waiting for this one!!! TY James!
Amazing content, as always! 🙌🏻
thank you very much
Great video!
Thanks James for this excellent, informative video. I appreciate you brother 💯💪🏾
You bet
Not all workers in New York Sanitation Dept make $250, 000 a year that was based on one upper management person. Most other make about half of their salary after 20 years and reaching a certain age.
Huge love and respect. 23 years old in denmark and been in crypto for a little under a year. Thank you for regular updates.
.I believe I can achieve all I want it's just matter of time. I invest more, spend less now I have a net worth of $3.6m.
Crypto Investment should on every wise individuals bucket list. You will be ecstatic of the decision you made today.
This is good I guess I'm not alone in this world
Crypto investment has really changed my financial status positively. I got my first house the year I started investing and today networth is over £732k
I really need a nice investment to venture into I'm thinking of Crypto assets, stock or Real estate
all you mention are all good but I’ll advise you venture into crypto first because it will help you grow your portfolio very fast and it require not so much to start
Thank you James for consistently slapping us in the face. It is the only way to get through to most people.
By far the best investment advice on TH-cam
James, first I want to mention how transparent it is that you really do this for the love of helping others and I would say that you are cool enough just as you are, so stay true to yourself always! Great topic and thanks for all the information! One thing I believe is that the US is quite different from many other places, specially Europe. One example is that in Europe many countries have already pretty high salary taxes to cope with the social security problem. Which doesn't make it any better, as the problem to begin is the lack of capacity for the government to manage the assets correctly and the overall corruption and abuse of funds ans power. I also believe the mentalities of younger people in Europe are slightly different than in the US. I would say that in europe most of the people above 30 cares a lot about their retirement. Specially now that many people strive to retire earlier.
But i will share this with all my friends to make sure they are as informed as possible!
You’re the man. Thank you for all of the help the past few years.
I got into stocks and crypto because of James. My parents worked their whole life till their last days, always saying that stock market is a gamble. Thanks James for your education, I am not looking to be rich overnight but understand, learn and educate my kids as well as my friends circle who work with me. Thats my goal..Thank you James and mods for all your efforts..not forgetting the entire AI family!!
Robinhood is pretty cheap. I could see that company becoming the next Amazon/Google/Walmart/Facebook.
No one under 40 wants to call a broker when they can just push some buttons on their smartphone.
As long as they dont go bankrupt or get regulated to death, I think theyll be big in 10 years.
""Fiat is a melting ice cube" - classic James!
Wow, what a wakeup call video! I thought the sub-freezing temperatures and inches of snow on the ground today in Montana was a wake up call, however this video was like having an extra large ice bucket of water dumped on my head. I am certainly awake now. Can't thank you enough, Mr. James, for ALL that you do!
Thank you, James 🤙🏻
Can't thank you enough for the perspective on the realities of retirement. Especially the scary stuff! Trying to teach my 21 year old nephew about finance and get him interested so he'll get a head start on saving for the future. But he has such a short attention span, as I did at 21.
Wish I'd seen this channel 10 years ago
I came out of retirement to start this channel only three years ago. So 10 years ago there was nothing happening.
😊
Much appreciated James and community!
James, this was fantastic! Thank you so much.
You're very welcome!
Killer synopsis yet again. I’m mid 50s. My younger brother put me on to James. Always a good go-to for recentering when distracted by current noise. Thanks.
Thank you James
Don't spend and then save/invest. Invest/save and then spend what's left. Nobody's coming to save us. Save. Yourself.
What an eye opener, I started doing it in the lockdown, wish I started even 20 years ago. How do we get our kids to listen, its difficult, when they believe in social media than there parents!
It’s depressing sometimes to see how people and loved ones are clueless about this topic. Thanks James for educating us all.
Great content! The more it gets sad, the more people listen and absorb.
Ignorance is bliss. I’d be a nervous wreck today if I hadn’t found you when I did. I’m staying vigilant, but I’m confident me and mine are gonna make it.
The most valuable content you could do, in my opinion. I have been saying these things to all the people I know but they have all settled into the idea of working until death. I'm grateful for this detailed breakdown so that I may show others the depth and complexity of this issue and maybe they can make moves to save themselves.
LOVE this one, not only it's great KPM az always, but i can share it with all kinds of people. Thank you James!
Thanks for listening
Thank you James, you’re being of real service in an area of everyone’s worldly experience that is ordinarily characterized by avarice and competition - it’s inspiring, and I hope Im able to learn from your daily pearls of financial wisdom - Cheers man!
You are a wonderful human being James. I want you to know that you are making a real positive impact in many lives.
Thank you ❤
Thank you very much, James, for another excellent analysis- and, in this case, rightfully alerting everyone to such vital data and likely consequences.
I only watch your channel james, good profit on solana thanks to you ❤️
Priceless KPM James. If I'd just been able to concentrate on your 'suggestions' for the past 3 years or so. I find great solace in your repeated assertion that we are still early. Sorry to sound so cheesy, but hey, love you man.
Thanks Boss. I wish I found you 20 yrs ago. It’s a blessing to have found you now though.
You're a shining star James. Love ya man.
Superb video. All the kids need to see it
You are so kind
If they get a UBI they will come for A LOT more cash from citizens to pay for it.. A LOT MORE..
This one is going straight to the pool room.
Classic 🇦🇺movie.
Thanks James! ❤
So true about not buying coffees etc daily. I work in London and people spend £10 on lunch everyday. Think of that over the year!
You are a good soul James, thank you from the UK ❤
Great staff, James. Well done mate
In the uk wages have not gone up in 10 years, but inflation is around 100%
James this was incredible. I should be ok for retirement, and thanks to you my kids will be well educated and financially secure.
Thank you as always for your wonderful content, James
my pleasure
Because ROTH IRAs are tax-free, you'll be able to keep more of the money you've worked so hard to earn.I want to invest more than $300k, but I'm not sure how to go.
Holding fixed-income assets in tax-deferred retirement funds as opposed to taxable accounts has additional advantages. If you don't know how to invest in the market, get some advice from a financial counselor.
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
My consultant is *Alicia Estela Cabouli* She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
I Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
The hard work thing got me!
i love the part at 15:50 when james says "and people are living longer that's a real problem" 😂
I recently asked a 35 year-old guy whom I manage (I know what he earns and the 25% pay rise he had) how much he puts into his pension. "The minimum" he replied which is 4%. I replied "please don't make the same mistake I made; you could be retiring at 50 and spend time with your family!". You can guess his response: "oh, errr, you know. I'm the sole earner blah blah blah." He eats take out for lunch every day and always has a new phone. It's like watching a car crash in slo-mo.
I'm sharing a link to this with my team. It's a dose of hard reality that people need to WTF up! Assuming the "W" means wake!
Won’t be able to just retire on a pension alone now a days, maybe he has other assets