Why RETIREMENT is a JOKE - Discount TED Talks |
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TL:DR Please don't put your dreams on hold if you have any say so about it. I guess I was feeling motivated or something. More Discount TED talks?
Gary Vee would tell a 92 year old 'you still have time'
@@JoshuaFluke1 I'm over it with that dude...
Hi josh, I need help after watching your "the truth about lying on your resume" video I took your advise and it worked perfectly i have been getting call backs lately now i have an interview lined up. now problem is how do I tell them that i dont have relevant experience and degree because in the application checked i have them.
Do i tell them i checked "Yes" because i didn't want to getting flirted out without getting a chance to prove my self
@@minenhle1 go to the interview and display your skill in a code test
Josh, I started following you after I started learning to code. BUT I watch because I appreciate you as a person. You're someone I'd like to build a rapport with because you and I are similar but opposite - we would aid in each other's expansion. Much love to you, thanks for being yourself
The problem with retirement is there is ZERO guarantee that we will all survive long enough to reach that stage.
Indeed the case for some people, that is why I like his advice. There is a solution though, life insurance for your loved ones just in case and in your will be sure to allow them to use your retirement funds and assets equally so they don't end up fighting over it, not that that happens but I've heard of it quite a few times. In other times I have however I have heard wholesome happenings like the family coming together to assist one unlucky member or something great.
Had a neighbor who retired at 62, cancer at 64 ..dead....
but theres almost a 100% percent guarantee that we wont, because look at the ingredients of your food. They call it preservatives, i call it silent genocide. You cant expect your food to work how it should when its toxic.. So yea maybe that thing wont kill you directly but it will 100% let you look worse over time and killing you slowly..
depends on your genetics.
if you have grandparents in their 90's there is a good chance you'll live long too.
@@greatbullet7372 you buy organic food?
As a health professional for thirty years, I can unequivocally say that the "Golden Years" are a myth for most.
Having seen two big recessions (Millennial) and knowing a few people who lost their elders to Covid...yea. If your whole life is about the endgame, you can't even be sure you will make it in good health if at all.
True
@@balthorpayne yup !
facts
The golden years are your teens and 20s, sadly most people realise it too late.
"If you dont find a way to make money while you sleep, you will work until you die." -Warren Buffet
No shit sherlock
@@lycan2494 well, I didn't expect you to understand that Watson.
Are you interested in a course? I can show you how to make money when you sleep. Just don't tell coffeezilla I sent you.
@@Kevin-lw2gl no shit sherlock
The only problem with this philosophy is that it isn't applicable to everyone. There aren't nearly enough passive revenue opportunities that everyone can take advantage of.
i don't want to retire, i want to be financially independent
Then you will never really retire....you will keep an eye on the market as long as you live 😁
@@randersson3672 nah,index funds and dividends man
Good, Darek. I don't have the idea of retirement this video has.
The retirement he is talking about is for employees with bad careers they hate.
Those Directors who are working at 70 are 'retired' from that bad stuff BUT are still working - on good stuff.
Because WORK is not the problem, WORK is not a curse. WORK is not to be retired from altogether, but to be enjoyed.
@@solomonchege2986 work is enjoyable when you know you already have f you money. Otherwise you will always feel like you are trapped at some point.
@@randersson3672 that's still better than being tied to an office
I think my only expectation from retirement is I will have enough money to not burden my children and still sustain myself / medical expenses.
I don't even have children...
@starshipeleven dont be a douche
Yeah, it’s different when you have kids. We’re still focused on investing because of that, especially when you factor in the time value of money.
@@okaysoanyways2645 he is just brutaly honest, dont cry about it. We need more of it
@@greatbullet7372 tha't person probably sucked at making good life decisions, just like you, that's not honesty is just being miserable.
Every 20 year old on the planet needs to see this. I had a terrible revelation one day when I woke up at 23 - one day, you AREN'T going to wake up. And if you don't TRAVEL, try new things, and genuinely enjoy your life, you will regret it immensely.
I have my degree in Economics and to be frank, the overwhelming majority of our generation will not be able to retire at all. It's just another lie we've been taught as Americans and it's something that we try to repress in our minds. I say fuck that, live now.
Is this if you rely on the system?
@@hautecouturelabel8053 not entirely. Yes, it's true that you won't be able to live off Social Security by the time we reach our 60's (the 2050's-60's), but also there's the fact that most companies aren't even doing retirement pensions anymore. 401K's are also becoming more and more rare for employers to offer, then you have to consider how many people these days aren't employed full time at all, but are instead under contract positions.
if you're spending your whole life waiting to end the thing you do everyday, then you're doing the wrong thing
mm...I was quite happy with my (lowly) job it's my boss who was not happy with me😁
I mean I'm pretty happy with my job. Would much rather not be tied to it to live though, that's the point. That's why this year I have been building in multiple passive income streams so that in time the job becomes optional.
I think you are in a serious minority if you love your job to the extent that you would carry on working if you did not have to.
Dude this is too much facts you should be worried about doing the thing that you like no more.
I approach it differently. The truth is that well over 80% of people don't work jobs that they "love." You do them because you have too. It's part of being a well developed and mature adult. It's the mannerism of how you approach life. You are not defined by your job/career, and neither is your life! Understanding that happiness is not the ultimate goal should help one get through those difficult times, such as showing up to the same old job everyday. Try to place ones focus elsewhere. Or as he mentions in the video about people within their golden years wishing they had spent less time working, etc. There are other aspects of life you do have more control over which doesn't involve ones job/career. Place your focus there.
@@sebastienbolduc5654 where you spend the majority of your time defines you.
My father's "retirement" was a little over a year before a fatal heart attack.😐
@starshipeleven ....better? After retirement an kind of illness is the end of the road....what was life for? heart attack, allzeihmer
agree. Same story with my father. Retired at 67. Planned his whole life for this great retirement he was going to have traveling the world. Died of pneumonia within 2 years.
@starshipeleven that's your own opinion my dude, no "better" about it, just what you feel :/
Sorry to hear about your Dad. My grandfather died of a heart attack about the same length of time after he retired.
Man, my dad died at 67, my mom at 60. I wonder if it makes sense to save for retirement at all
Imagine waking up every Monday to just get through the week one more time, expect it's not just one more time. It's hundreds of times and each new week you distract yourself and keep busy until finally the weekend, but it's over before you even realize and now it's another week you need to try and get through. Repeat until you have given the best years of your life to a company that you never cared about beyond a paycheck.
i did that for 2 years working in a different country (germany) and i just couldnt stand it..i made some money came back to my coutnry and started my indie game studio, i am now releasing my first game next motnh and i have over 3000 wishlists.. i hope that it works out.. i worked a LOT to get out of that "live for the Weekend" loop, i was working in a cubicle in germany and i wanted to HANG my self everyday even though i would spent half my day on netflix.
@@georgeconstantinou1953 damn, that sounds like a difficult grind. It seems so damn easy to get caught up in loops that just drain time away. I know people who can't wait to make it to "insert next break period" and then it slips away faster than they know it and it's back to the miserable game of making it through this next shift. It makes me sad when people waste such large chunks of their life on things they find mind numbing.
@@georgeconstantinou1953 it's inspiring to hear you start to see some light after all that hard work.
@@georgeconstantinou1953 respect for that honestly, even if u fail just get back up and keep grinding, no regrets
if you live for the weekends (including friday) you're only enjoying 3/7 of your life, not counting time for sleep
For me the golden age is 25 to 35 maybe 40. Don't waste it.
F Yeah. Don't be a f corpo zombie, live your life now
3 years into your "golden age" and I'm already miserable. The coronavirus just made things extra shittier......
We put to much emphasis on age ... you genetics and physical health tell you how hold you are ... you can be 22 fat can bearly touch your toes and 32 and fit like a fiddle. But i get what you're saying
@@fraser808 try be big fit with a full time job. You can work out and eat healthy but can you rest. Can you recover. Not as easy. That’s why everyone gets fat and out of shape. Work makes physical health a chore
@@dantan1249 you're right it's not easy ..but it's possible ... i worked on a cruiseship 10-14 hr work days everyday..and almost all the men were fat or had big bellys it was only me and like 15 other men in total (out of 1500 crew) who were completely fit , because we made the time to hit the gym either early in the morning before work or late at night before sleep whichever it was we made the sacrifice ... but it isn't easy at all if a person's mind and heart aren't in it.
75 years old. Retired at 63. Have been riding motorcycles around the world since. No plans to stop - although I have moved to a somewhat smaller and lighter bike. Worked my ass off for many years and have no regrets.
You have to do what's right for YOU - not what someone else thinks that you should be doing.
Edit: Now approaching 78 and the smaller, lighter bike didn't work out. Going from 135HP to 80 on a bike almost as heavy was NO fun.
At 33, I hope to be doing the same thing you're doing now when I retire. Ride safe!
I am glad you are able to experience that in your life but the reality is most people won't get to do something like that when they retire. Most people I know who are about to retire end up getting something like dementia or cancer and don't even make it to the end. The ones who do make it to retirement it never last long and they are usually in the same boat or die shortly after. The problem is retirement age is to late now. My uncle who was a school teacher retired at 55 and had 15 years of retirement until he got dementia. Most will not experience that time frame.
Keep going❤️
Still Alive ?
@@bossgd100 Hang on - let me check.
Yup! Birthday #78 coming up in about a month. Plan to be somewhere on my Tiger Explorer when it happens. 🙂
Youth is wasted on the young it sucks...
What a weird comment.🤨
@@ReginaPhelangee I read a guy on the internet once who said: "Youth is wasted on the inexperienced, while wisdom is wasted on the frail and incapable".
@@diplodocus462 You can pass your wisdom onto young people
@@diplodocus462 yea, but that would suck written on a t-shirt.
That’s why you live your life now and not wait until you’re retired.
My Grandad had kids young, never travelled out of the country. Never took a holiday. Worked up until the very end. He always used to say, "I'll wait till I'm retired". Died at the age of 60. It's all moderation. Enjoy your life with what you can afford.
You can travel with kids too is the sad thing
68 years old. Traveling the country in my RV, hiking, biking, and climbing 14,000 foot mountain peaks. Having a ball. Take care of your health when you are young and reap the dividends when you are old.
I'm 68 and I'm running circles around people 10, 15 or so younger. I'm a good weight, keep active and love my life. If I get hit by a truck tomorrow, NO regrets. Life is what you make it. Focus on the positive and have a healthy body and mindset. People get disabled and have heart attacks in their 20s. Has nothing to do with if all of a sudden you retire and the going downhill starts My father was down hill skiing, snow boarding and line dancing in his 70s and 80s. Fell and broke his arm at about 78 from snow boarding, which you can do in your teens. He rollerbladed in his 80s! He passed in his 90s with a very full life up until then. I do believe he was 65 when he retired....
@@lindachakra live long and prosper my friend.
Daniel -
I play volleyball with guys who are now retired, Bill is 67 I believe, I’m the “young gun” at 50 (been playing with them for 20 years). I’ll tell you Bill has been living large in retirement and loves it, like you he travels in his RV and also spends time in Italy. Sure do things with your time off now but being retirement age doesn’t have to suck. Im looking forward to it!
@@chucknoob7041 Hi Chuck. When I was 55 yrs old I was complaining about getting older when a 75 yr old replied, "I remember my 50s quite fondly. " I quit complaining. Granted, most people my age have been dead for 10 or so yrs or are being artificially kept alive by serious medical intervention (medical zombies). Take care of yourself when you are young and reap the rewards later in life!
Good for you guy but do you know at what age I'm supposed to retire? 72 and change. So yeah, F*** YOU!
I love my parents dearly, but I look at their life and I've decided to do the exact opposite of them.
Haha, I thought the same thing when I was young, but good luck !
Almost got roped into making a "test" to apply for an unpaid internship making VR apps today. Thank you Joshua, your videos saved me.
Unpaid internships are not always bad. You just have to know for yourself what do you get out of it. If they can teach you some special skills that you can't learn somewhere else it is worth it, just like you pay for university. If they just use you as cheap labour it is not worth. Good internships also spend time on you and tutor you.
@@MChagall If it's truly an unpaid internship, they can be good for sure. Just most are unpaid full-time devs with the responsibility of an employee.
@@MChagall they definitely would but you still can learn from it. You can learn you are ready for a job and you don't need unpaid internship and you apparently are if they've offered you an internship.
@@MChagall nah, do a project instead. its better :D
FIRST RULE OF LIFE
*NEVER WORK FOR FREE*
SECOND RULE IS
*NEVER GIVE ANYONE FREE PROFIT*
By the time we reach 50 the body slows down. You can’t surf, you can’t climb mountains, take long flights. It’s just a trick to keep young people on the grind as they waste their life away.
It all depends on the person, how well they stay in shape and take care of their body.
Some people in their early 50’s have avoidable health issues due to their diet and lifestyle, on the other hand others in their 60’s who work out, exercise and follow a healthy diet, have way more energy and vitality than their younger counterparts.
@styloetpapier styloetpapier Love ya!
Depends how much hard living you do. I know people like my aunt who still hikes at age 65. She traveled with me to Europe one year back when she was 60 and while she struggled to keep up with me she still pulled it off. My grandfather still worked at the ranch bailing hay and riding horses until about age 75. If you don't take care of your self though yeah 50 is about as far as you go I've seen it happen especially to the morbidly obese or heavy smokers.
Whow. YOU may not - but I knew a guy doing Iron Man with 65. Yeah. Happens.
If you haven't figured out a solid retirement plan by the time you're 30, you're doomed to be a plebe. It's all about discipline and taking more joy in watching your investments grow than you do in showing off new cars and fancy dinners and dumb shit.
For Millennials and Zoomers, we'll get to "retire" when we EXPIRE.
As long as you guys stop burning shit down, that is.
If that's what you want...
Stress Kills, don't overwork yourself. At 26 I learned that I hated working hard for others. find things that are low stress and you can make a contribution.
Same it’s honestly ridiculous especially as hard work doesn’t necessarily translate in tangible rewards or appreciation.
I’m fully aware retirement is a scam, what’s scary is how many of my friends don’t. It’s also sad to see the friends who can’t afford to not work and work there life away.
i was aware about that when i was 12 years old already ^^
Its not a 'scam' per say. What if you DO end up living till 90-95? Do you want to be a homeless old man and/or woman fighting with mutant rats for scraps?
@@serioushamster sounds like an adventure of a lifetime
Retirement is the biggest scam ever. How limited are you physically at 65?
I always say. Go to Disney Land when you are young, work when people have to respect you.
Which is EXACTLY what turns me off about retirement. Wtf are you going to be doing at the age of 65? Calling life alert? The only places youre probably traveling to is the nursing homes and hospitals
It really depends. At 65 you can be healthy enough to travel, enjoy active sports, build a business etc. Even after 75 can be okay - you can still travel, you can write a book, do some activities. The problem is we don't move enough. It's not even about the food, special diets etc. It's about the movement. I'm just 30, but because I spend most of the time sitting I already feel like an old man, having hip problems, knee problems, flat feet, spine problems, neck problems etc. I'm going to be a total mess by the age of 45 if I don't start a proper physiotherapy and exercise routines, which I can't do because I have ADHD and it's hard for me organize my life... Wow my comment is depressive af.
@@okaysoanyways2645 65 isn’t that old if you’re at a healthy weight but 75 maybe
@@dantan1249 oh please 65 is old asf
I will be 30 next year. This retirement reality horrifies me. I have another three years in my current job because I am under contract, but after that, I plan to work for myself. I don't care if I only make a fraction of what I make now; I want to live on my terms.
How is the weather in Nottingham?
Do it, I'm 37 now. Need just 1.5 - 2 more years or so to make enough to be able to cover the mortgage (the same amount that is still open at the bank). After that, f* them. I will work on my own projects to get self employed.
They really made DYING sound nice by calling it the "Golden Age"
just think about what they would say about toxic food ingredients, mostly industry waste. Just to make you eating it ^^
We're cattle, man. We're treated as such, and we let 'em.
@@SuperDocen Not all of us...some people actually don't go with the animal herd...
@@lagneuk702 True that.
Dude, honestly, you seem like the most down to earth person, I wish I knew you in real life. I really appreciate your channel and I hope you keep uploading.
This is actual wisdom, and he’s way too young to know these facts.
He's a child but he has seen a few movies.
“Old age is no place for sissies.”-- Betty Davis. And its no joke.
Don't wait until you are in your "golden years." Go for your dreams now. Enjoy life now. You may have to work harder to achieve that but don't settle for the status quo. Josh makes solid points.
Your grandpa's story gave me chills because it was exactly like my grandfather's. Honestly, I am 22 and I feel like I am invincible and will have forever to do the things I want. Never thought about the long-term future like that. Truly an eye-opener.
Keep it that way.
22 becomes 32 and then 42 really quickly.
Yeah man... I'm 35 and 22 felt feels like yesterday. I already see my options reducing. Don't waste a second, life is very short.
Thats why the army has recruitment tactics mostly just for 18 year olds, they all think theyll live forever!
Life goes faster the older you get.
This is what FIRE is about. Pursue your own dreams instead of your company's.
Unless "your company" really does mean YOUR company - that's a BIG fire (the best kind) and a grand pursuit of a dream!
FIRE still takes a long time. You have to work either for yourself or a 9 to 5 and youre still working for money
@@ninjablack4347 If you arent born entitled to wealth, then guess what. You gotta work, but work smart, learn how to make your money work for you.
By the time you reach retirement you've already been conditioned to live your 9 to 5 lifestyle for 50 years at that point you're not going to change. No obedient office worker will become an adventurer over night once they retire. Either you find your own path from the start or you'll just be a useful tool for some rich guy to use and throw away. That's the way it is. It's not easy to go your own way but it's so worth it.
This is so true
Imagine waiting for those golden years, only to die before ever getting there. If you aren't enjoying the _now_ you need to change something either in yourself or in your surrounding.
I think about that alot when contributing to my ROTH IRA... making me contribute not alot of money but enough to retire at 60 while being able to live at the same time in the now. Like I'm afraid of dying and still having 2 million in the bank lol.
I saved enough money to not work for a year, so kinda like a mini retirement. I was able to completely recreate myself as a person. Not working saved my life. Still need a job I don't like though
where did you store the money? at the bank?
Yes! Instead of buying that new BMW and working your butt of to pay it off in 5 years (and losing 70% of its value) Save that money and gain some of your freedom back.
100k in spy with 8-12% yearly return is enough to retire in a country like thailand or even some european countries like croatia. People in us dont know how good they have it. My plan is and always was to go to us/canada, work for couple years and buy etf shares and live off of interest for the rest of my life
@Uncle Frank It does help to go to place where you look foreign. Their expectations are lower so even if you know nothing you'll do fine. Though I recommend learning a few travel phrases at least. In some countries like South Korea they love when a foreigner speaks a little. I think Seoul, South Korea is pretty underrated. I got a tiny room for $11 a night and traveled easily throughout the city with their top notch subway. People are really nice there too.
@@felixf4378 How about getting a new $600 IPhone every year to play the latest version of Candy Crush?
I always said you’ll spend half your pension on medication to keep you 75% alive 🤣
This is just the saddest thing I've heard today. I love retirement. I loved working. I loved having kids. I loved when they started their own lives. Enjoy each season, but prepare for the next stage.
The nature and speed of work has increased exponentially in the last decade or so. The knowledge economy requires constantly spending time out of work to increase skills, then working longer hours to leverage those skills. Yes, one might get paid more, but its not consummate with the level of the efficiencies the skills produce. It's great for investors, but it's ripping people apart and spitting them out. It's sad to say, but this needs to get worse in order to play itself out before we hit the brakes a little.
I completely agree with this point of view, maybe more discount TED talks????
This is a great concept.
Nah, I want more discount discount TED talks
Travelling, thrill seeking, and expensive stuff are entirely overated. Happiness isn't a set of temporary pleasures that you chase for your entire life. Happiness comes from struggle, sacrifice, love, determination, virtue, etc. If you don't exist for something bigger than yourself, you'll never be happy. Faith, family, and folk is where happiness resides.
Agree, used a lot of my life pleasure chasing but it's much more meaningfull now that I took on more responsibility and got my shit together. Sure it's less free time spent how I want but I treasure the time a lot more and don't waste it.
@@matthiasoberleitner5942 Cheers, man.
Finally a commenter who understands some actual truth.
Bingo. I guess I am fortunate in the fact I enjoy what I do M-Friday.
Well said
The problem with retirement is that when you reach that age.. You are not young as you used to be so half the things you wanted to do are already crossed off the checklist.
"You'll never retire so why should your shoes retire"
- actual Timberlands advertisement
Yes we did reach that point as a civilization
lol. well they do make a sturdy boot.
r/antiwork
Ha ha ha! That's a great ad!
That "retirement" thing is a very novel concept, you know.
@@Scott_Stone It's true. Before we used to literally work until death. But we can do better now.
Pretty ironic listening to this in the background while working at 10:15 PM LOL
YES! You are so right Josh! for the older generations, it was different. They can afford to retire because everything was rigged in their favor and still is. They could afford a house, they had stable employment, and they could also afford to take yearly holidays while they stayed at the same job for decades. The younger generations don't have job security, they get paid less, and most of us can't afford to buy property. Our generation will be worked to the bone, constantly monitored and burnt out, and we will probably die at our desks anyway with all the financial stress and lack of stability. We need to smarten up and stop believing the "retirement" lie.
If you have a STEM education it isn’t that hard to make $100,000 a year. After that, it’s all about saving. Hell, my sister in law can make that as a travel nurse.
That is very true!
@@philistineau In north america, even if u make 100k, the taxes are so high and there arent much opportunities to save tbh. Some countries have really have great saving options and some don't but it is necessary plan things out
@@philistineau 100k is relative. That's pocket change in silicon valley
@@philistineau in my country that is bullshit, STEM education doesn't mean nothing, You have salaries of less $300 at month
I legit just imagine myself as a bitter Clint Eastwood in Gran Torino cussing out minorities but deep down being a softy and taking out rival gangs with mental games.
well that would be a legend
Finally doing what he always dreamed of
Um, I don't think they were minorities in his neighborhood - he was.
@@dankamp2872 matter of perspectiv
Here's another thought for those still stuck in the rat race like myself: consider the diference between yawning when you're exhausted after finishing a big outdoor job of some kind, and yawning after binge watching netflix or something all day--some of us will never experience the true pleasure of the prior. I work as an arborist (climbing and working on trees), and although it's hard on the body and on the mind some days, I get to meet a wide cross-section of society and admire the beauty of nature every single day, and I never take for granted the fresh air, the scenery, and the mutual trust and camaraderie my team and I have while doing this exciting/dangerous occupation. I guess it's a giant double-edged sword, and I'm always looking for outlets for my creativity as a means of escape
How most people live:
Work -> buy liabilities -> repeat
Wealthy people:
Work -> buy cash flowing assets -> buy liabilities with cash flow
Looks like I’m buying a money printer
Thanks Mr. Kiyosaki
RETIREMENT = Early grave DLC chapter.
Exactly what I needed to hear right now as I’m still figuring out a lot of things, getting back to my passions. Not a discount talk, actually a meaningful talk. Thank you.
Josh, you're right again. At 60 I'm still trying to figure out what I want to do with my life. As you say retirement is a joke. Most people my age, within spitting distance of retirement think their 401k is going to somehow come to their rescue. They think they'll be living the life. Wrong! On the other hand if they had invested and built a bit of wealth they might get to go on those two cruises your grandpa took. That all aside, can you believe this world economy? It's going to get crazy out there. People getting evicted, people losing their jobs, people going to be desperate as F! Buckle up. You're genius for starting this channel. All people are going to be able to do is watch TH-cam. ha ha ha ha ha, wait, I'm sorry, it's not funny.
I'm in my 50s. Years ago I figured out the purpose of my job was to provide an income stream to do other things. My job doesn't define me at all. I make very good money as I got into tech early. Retirement is a concept unknown before the post modern age. I hope I am active until the last 6 months of my life.
When I was young, I had no interesting future where I lived. So I took a backpack with survival gear, and left. Ended up going to a lot of places pretty much for free, founds jobs here and there, lived simply but often uncomfortably, and almost never worked more than 15-20 hours/week. Don't think I'll ever retire. I want to stay sharp and useful into old age, and working a little bit will keep me connected to younger generations.
I seen this so much. I know of people that retired, died a week later in their sleep. That is why I retired at sixty. Life expectancy for black men are 65 years of age. I always go on a trip every year for years. I love to scuba dive. People I worked with, when I tell them my stories, I can see the hurt in their eyes, knowing they could not do the same.
I've seen co-workers live unhealthy lives, get cancer, get treatment, then come back to work to maintain insurance coverage, get forced to retire early and then die 2 months later. These people didn't travel or do anything interesting with their lives, despite one being very intelligent. To each their own but screw that!
I can't agree more with everything you've said. I've always felt this way about retirement even as a teenager I thought it sounded like bullshit. Retire at 70 when you're dick doesn't work and you've got arthritis - oh yeah sounds great.
Reality is for a lot of people here in the UK who retire they can't even afford to heat their homes during Winter. It's utterly depressing & completely true.
Go do that thing you wanna do people - do it now.
I don’t know what was more depressing, the not being able to pay for heat or the dick not working? Thanks for that by the way ; (
Siting on the beach everyday sounds like hell to me.
same tho
Sweating your ass off
Its unrealistic.
Work is NOT a curse.
The idea of retirement he had to start with is not good.
I know a millionaire who owned a golf course and resort - the wife was running a cafe downtown at age >65 because she had done that for many many years - and after all the stuff, she found that as fulfilling.
@@solomonchege2986 work isn't a curse, working at a corporation 9 to 5 for 40 years is
I'm a 55 year old travel nurse, and have become depressed as hell. This is all you encounter working in healthcare - people (many younger than me) suffering from a plethora of chronic illnesses - diabetes, high blood pressure, COPD, Alzheimers, Parkinsons, kidney or liver disease, heart problems - the list goes on. Quality of life in old age is a VERY rare experience. I'm going to work for one more year, then "retire" and do what I want to do. I also have a "12 Year Plan" - I plan on living large, spending all my money, and then turning myself off at the age of 68. Retiring is easier and more comfortable if you don't have to save enough money to possibly last as long as 25-30 more years!
Same
I'm 57 and already fulfill my bucket list. How I did it, I move to the places I wanted to see. I get a job to stay 1-3 years and expand the surrounded area to see everything within 100-300 miles radius, within the time period I'm living there. Seen everything, time to move to the next adventure and do it all over again. It was easy for me, never married, no kids, no substance abuse, and being debit free. That alone, your money goes a long way. I travel mostly during non-peak seasons with kick-ass bargains. Between jobs, I call those my semi-retirement years. 9 months to a year between jobs. I'm never going to retired, can't of how I'm living. But my jobs will get easier as I get older. By doing this, I actually have six skill trades. So it's easy to get my foot in the door when I do look for a job. I'm also a good hustler. Been hustling since I was 13. Life is good and I actually added one more thing to my bucket list. And will be fulfilling that within the next 3 years. Life has been good to me.
my request for young professionals starting their first job is to set boundaries. don't work beyond 40h. focus on working hard for those 40h. but don't work beyond that. it can be too easy for employer to exploit your passion by making you work more hours. and in a large company it can be near impossible to get compensated.
that being said focus on upgrading skills and designations by studying.
There was a time when 40 hour week was the norm and overtime was paid at 1.5 and 2 times the hourly rate. In my first employment overtime was easily available because of a combination of low living costs, high taxes at the margins and poor management leading to bad planning and the need for extra hours to finish the needed output. Companies "promoted " people into salaried positions simply to avoid paying overtime. Time off in lieu (TOIL) was, theoretically, supposed to be offered at quieter times to compensate for the extra hours worked but this was seldom honoured. People who kept detailed records of hours worked and sought the TOIL through escalation to higher management or personnel were seen as troublemakers and could risk termination. Wiser not to do the extra hours in the first place and minimise the hours worked by rushing through the assigned workload to get away on time, bodge the work if this speeds up its completion. I used to know guys who would nod the head and agree with every demand the boss made with no arguments. They would dissappear 1/2 hour before quitting time like clockwork and it was very difficult to prove anything or impose discipline on them. Looking back on my worklife, these were wise people.
I got layed off from my job due to covid19 and instead of looking for another job, I travelled the US instead. I was able to do this because I saved up and moved back to my parent’s house. Now my attitude is take care of myself and family first and all others are secondary.
One thing you have to think about is that you never know if you will ever reach retirement age. If you die from an accident or illness before retirement age, you have spent you whole adult life in the Hamster wheel / treadmill. Carpe diem - treat every day as it was you last.
pro tip: getting drunk to have fun is not a good reason to get drunk.
Then what is
@@penguimTwo getting drunk to go to sleep is better. Having fun by getting drunk is bad because you won't remember what happened or you do something that you will regret.
@@menjolno not for me, if I get drunk I feel like I’m on a fairground ride when lying down.
Spoken like a true councilor...
@@menjolno Getting drunk to sleep "better". Alcohol is very bad for your sleep, you be asleep but the quality is just garbage.
20s are a golden age, you can fail catastrophically, but still recover, retool, and save money with some safety blankets.
I failed and got into a lot of debt. So no, I don’t think you fail catastrophically and recover. It’ll take years.
@@Tallonest in terms of career/learning a new skill. Debt should be avoided.
This is incredible and so true!! Love to hear the truth from a young mind, keep going Josh you're on the right track.
Definitely some solid advice here! I wish more people understood this.
Honestly, that bingo is looking pretty fun. 30 more years to go!
Bingo is actually pretty fun, went quite a bit for a summer in my early 20's. The novelty of it sure does wear off fast though
My retired Mom sometimes volunteers to be the Bingo caller. Have a bit of fun, change it up a bit.
man you just spoke everything that I had in my mind! Straight facts. Good job!
The a Golden Years are age 15-50. That’s when most (if fortunate) are still able bodied and attractive.
Speak for yourself. I was a sexy ass baby.
@@alexanderespinoza she said most. Not all :/
Just turned 50 and working on becoming a fitness model. :). I'll check in with you in a year.
Yes, very true.
C'mon. Not all your peers are Cougars! 😏 #GoodJobMary
That's why when I turned 31, I set a goal to myself of retiring by 36-38. I'm now 33 and I'm already beating expectations. I might just make it by 36.
Invest in yourself, develop your skills, get a high paying job, find a side-hustle and stop chasing women (you can get those 20-25 year olds in your late 30's easily, when you're set financially) and you can safely retire in your 40's.
Wow, didn't know that today I'd watch the most important video on TH-cam for 2020. Maximum truth overload. Couldn't agree more.
Hey man I've started watching your videos recently and I've got to say that the content you produce it top notche. Your earliest videos you were still a cog in the machine and now here you are lifting people out of their unwanted programmed mindsets (for lack of a better description). Your life as been quite a journey, as any life is supposed to be.
I am sincerely happy that you make these videos, thank you.
They got you Joshua. To some people, building a family is what they've always dreamed of. We all have our own dreams, some have that for a dream. But i do agree that we shouldn't put our dreams on hold until life passes us by.
I wish I could give this video infinite thumbs up. One of the biggest things, as you mention, is a lot of the cool stuff you're saving up for, you might have to deal with physical/health ailments that may not be forseen. Take advantage of your youthful body. I personally want to rock climb and go on cool hikes that require the best physical shape. What you do now matters the most.
Such wise words from such a young mad lad! Well said brother!
Facts brotha this is the exact thing that’s been on my mind for the past 6 months.
Thanks man, this what my whole channel is about. Discount ted talk. I love it. That is pretty much my style too.
I agree with Coffeezilla. He proposes that people can build their passion by doing things that align with their value and getting good at it. The idea is that as you gain experience and expertise, you begin to love what you do which provides further incentive for you to continue doing it and get better.
This dude is on point, I’m in my 40’s and was raised the old way of thinking, but trying to embrace this new way of thinking.
One of the best videos on TH-cam. Thanks for making it, great advice.
Awesome video! You are totally right. There is no freedom after retirement, there is only hollowness, lonliness and sadness. Traditional retirement is a death trap. Everyone should try to develop avocation that they love throughout their life so that their life is filled with productive activity even after quitting 9 to 5 job
LI feel like you're someone who is finally saying the things I actually think about constantly. I feel like I am lazy or something for knowing in my heart --> I don't want to live to work, I want to work to live.
Well said. Don't put your dreams on hold for an arbitrary age. In these times we never know what tomorrow holds and we have seen how things can change in an instant.
You really have the gift of the gab. You are able to put forth clear pictures of situations in front of us. Thanks a lot for that. Carry on.
I needed to hear this, thank you!
I don't want to sit around doing nothing, i want to enjoy the work i do, but, i also want to have a work-life balance, so, i take breaks every year, go and travel, and make sure i continue to work. So, there is no such thing as retirement, you should just try to find a balance between work and life.
You never have to retire fully...you can work six months and travel/relax six months...
I don't buy that nonsense. I can't stand working for intellectual inferiors. So I don't. Get yourself into a position before age 30 (SAVE) and you'll have choices before you're 50. It's really not that difficult.
@@MyBelch Not a difficult concept, but an impossible one in the Era of the Fake Corona Scam...The Elite are owning everything & Lemmings are silent and going along with the program
@@lagneuk702 Nonsense. The stock market is going gangbusters. Dump 10 percent of your pay into it and you're one step toward freedom. Don't be self-absorbed and live within your means.
@@MyBelch Unplug yourself from the Matrix, you already lost your Freedumbs and the Stock Ponzi is at an All time high...go ahead and invest in the Casino & Research 1929
I think no matter what when I get older, one thing I will never say from the things I regret "I wish I spent more time with my family".
I can relate man. I can relate..
lmao. i can understand
The two old folks sleeping on the gondola did it for me....thanks!
Always telling us what we need to hear and not what we want to, thank you Joshua, really appreciate your content! much love!
That’s right . We’ve been sold dreams . The government is the ultimate pimps
Thanks for all your help Josh. I've been applying for 3D artist jobs for years now with one reply back from someone who expected a fresh grad to have the skills of a senior artist. Now I've started my own 3D printing business and I'm making 3D art that a lot of people really enjoy. Corporations may not like my art but my store proves that people like my art. If all goes well I'll be happy and moved out this time next year.
My aunt and uncle retired before the age of 60. They traveled for about 10 years, taking almost all the cruises and seeing many countries. Turning 75 was the year they stopped. They said they didn’t have enough energy and desire anymore. Similar turning off point also happened to the group of friends that they traveled with.
In 2018 I took them and my mom to Portugal, making all the arrangements and paying for them (they just paid for airline tickets). They loved not having to plan anything. It wasn’t unlike taking children to travel; bathroom break and lots of good eating are most important than seeing sights. Observing these 80-something elders, I know one day I’d be too tired to make sure I don’t miss train or flight. There is no joy of traveling when it becomes constant worry.
True words my friend! Thanks
This is why I’m developing my first game now at 29yo, it’s always been my dream and there’s nothing I enjoy more. I regret that I spent my best years doing what others told me would be best. Listen only to yourself.
Western society has got this all 'bass akwards!' When young, energetic and curious is when you should travel. Hobo cargo trains across country. Backpack across Europe. Sow your oats in Bali, Taiwan etc. Explore, take chances, get to know yourself.
For God sakes don't waste time and money sitting in classrooms listening to some boring stiff lecture you to sleep. By your mid to late 20s you'll have some wisdom and experiences under your belt. Now enroll in school, if you must, or better yet, go kick ass at whatever work you choose. Tween ages 30 to 50 or even 65, you'll have seen the world. They'll be no pressure to travel, only if you want.
That's what I did. Traveled world in my 20s. At 31 I started a business. Bought, fixed, and held rental properties. Retired at 39 y.o., financially independent. That was 20 years ago. Never looked back since. I'm healthy strong and fit. Life's cool.
Oh and.... *warning* that college to corporate route is a death trap for most.
At 27 I'm currently debating wether to just say fuck it and travel until I'm 30, especially now its all fucked up because of covid, but at the same time I feel like I should be getting my foot in the door for my chosen career before I do this, but then I feel like I'd never do all the travelling if I did that first...so you'd really recommend getting it all out of my system so I don't feel regret later on?
Excellent advice.💯🙏🏽
Thanks man...included everything in the discussion.
continue the great job...
Damn, he looked really shook up towards the end. Chin up Josh, we're all going to make it.
I'm leaving my job in april. I'm planning on taking a 1 month vacation to relax for a bit, then look for another job after that. I have more than enough money saved and I'm gonna enjoy it. Call it a mini-retirement.
Awesome message, love it
Always love your content Josh. So much value and substance. ❤️
I feel like “traveling” is a scam. It’s an expensive flex for rich ppl. People are the same everywhere. Ppl travel to a different city and go to bars and clubs, as if the bars and alcohol are going to be different in a different country. I get that sight seeing is fun. But is it really worth thousands of dollars to just see the pyramids in person for a few min?
Thats tourism, idc about that. Traveling doesn't mean go where everyone goes or party. It means go to the middle of nowhere because you can.
Travelling can be amazing, it helps to have an interest in the destination and its people, plus an open mind. Personally, my travels were some of the best times of my life and I try to do some amount of travelling every year.
You need to learn languages, study the cultures, and go off the beaten path. Traveling is supposed to broaden your worldview and horizons, let you see how others live. In my case I am a big history buff so I also enjoy seeing ancient ruins, cathedrals, castles, temples, etc. Some people enjoy deep sea diving in the Bahamas or safaris in Africa. You are describing the boomer cruise ship or the college study trip. Also 1 week is not enough time to immerse yourself, one of my life goals (that I met!) was to travel Europe for an entire month. Traveling should not be a flex it should be a way open your mind.
That is not the Truth...not all places are expensive...how many different countries have you traveled to in order to form this conclusion?
Travel with a DMT passport - no lines, no airports, no trains, it's cheap and you have the possibility of death by astonishment.
It's 2:49 AM in India. I'm still awake & watched this video 😊
Josh will give you a phone call shortly...he likes phoning Indian people in the early hours of the morning
@@welshhibby lmao I'll gladly accept it
No retirement for you, buddy. India is a slave society.
Abhi mein jaake mere slave...oops bacche paida karta hoon.
Absolutely love your work.
Thanks for the vid man needed it been going thought it.