I got layed off @ 55, first year or two was rough, but without re-entering the job market I survived just fine and now I’m 69 healthier than ever, and happier- get rid of crap you don’t need and learn how to survive with fewer dollars…
I'm 71 and was laid off in my mid 50;s. I never stopped working. After my lay off. I worked freelance for much less with out any benefits for about a year. I then applied for a job in my field but at a much lower wage and was hired. I never replaced my pre layoff income. I kept investing in a retirement plan and lived on my lower earnings until summer 2024 when I retired at 71. I also waited till 70 to claim S.S. which is a good benefit that I live on comfortably. I will wait till I'm 73 to start withdrawing from my IRA. Corp. America did me a number but thank goodness they couldn't control how i invested and prepared for retirement.I have a great emergency fund and a good but modest well maintained home in a nice neighborhood and life is good. Avoid debt , live below your means, save and invest... you can make it.
I've seen this story before. Let me help out.. The Moral of the story is simple. Be prepared. Live within your means. Have 6 months of cash saved up. Some cash stashed in your mattress is a good plan too. Dont put all your eggs in one basket. A silver dime, when minted could buy a loaf of bread. That silver dime still can buy a loaf of bread today. Your health is your best investment. Avoid all processed food. Eggs are your best friend. Walking is not an option, you must walk often. The government lies to you. Vit D is important.
I got laid off as a sales engineer 6 weeks ago. I am 57 yrs old. I have sent out at least 40 applications and resumes to companies in my wheelhouse. NOT ONE CALL BACK. Zero interest. I am dead in the water. I suspect I will be going into retirement by force.
Don't give up as Mitzi said. However, I too was laid off at 59 earlier this year. I applied for over 50 positions in my field and interviewed with over 30. Several have told me that they hired someone of a different demographic group. In my field, they are looking to increase minority representation and they all have enough old white men. I have given up looking for a permanent position and am doing consulting part time. I consider myself retired. I know of at least a half dozen white men in our age group that have been laid off this year. More than half have found new positions.
@Andrew-zs5tc There's no question that DEI is directed at us guys. I know that some companies have seen how it hurts productivity and are getting away from DEI (Walmart, Toyota, and some colleges..). I hope the Trump administration addresses this societal mistake.
I’m really concerned about the state of the economy. Inflation keeps climbing, interest rates are higher than ever, and now there’s talk of a massive economic storm hitting the U.S. soon. It feels like it’s becoming impossible to save for retirement or protect what I’ve already built.
You’re not alone. The stock market’s volatility and uncertainty about the housing market have left so many people on edge. The problem is that most people don’t have a diversified portfolio, so when the economy shifts, they lose everything. A lot of folks panic-sell at the worst time, locking in their losses.
Exactly! I learned that the hard way during the 2008 crash. Back then, I had all my money in just a few stocks, and when everything tanked, I lost almost half of my savings. I’ve been trying to rebuild ever since, but honestly, I feel like I don’t know where to start anymore.
That’s why it’s critical to get professional help. I work with Joseph Nick Cahill, a CFA who’s helped me restructure my portfolio to minimize risk and maximize growth. He has decades of experience and offers free consultations, so there’s no pressure. He’s helped a lot of people, including me, weather economic storms like these and still come out ahead.
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
I wish I’d known about someone like him earlier. My biggest regret is not reinvesting after my initial losses. I stayed in cash, and with inflation, I feel like I’ve lost even more. Glad i saw this
In addition to what you've covered...I work in big tech, enterprise software and services. The proliferation of AI right now is very significant and is going to have big ramifications. AI will eliminate a lot of white collar jobs, sooner than some may assume. So what blue collar workers have been enduring for the last 30 years is now coming to white collar workers. Couple this with volatile political environments.
And they will give work to AI before it's truly ready for it, because they've been doing that with tech all the way along. They've already replaced customer service people with pre-AI bots who provide woefully and comically inadequate "customer service," and they're making everyone download crappy, glitch-ridden, user-unfriendly apps all while acting like the new tech is so wonderful and perfect.
It is interesting to note that Sam Altman is a strong advocate of universal basic income. Ive noticed that AI can make programming/coding far more efficient. They're applying their technology to their own business first.
Protecting your capital is much more important than making money. Basically, because if you lose your capital, making money is much harder. "Missing the train" vs. "losing your money." There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year. My $200k portfolio is down by approximately 20%. Any recommendations to scale up my returns on investment?
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
it’s essential to have a mentor to keep you accountable. Caroline Suzan Olson is my trade analyst. She has guided me in identifying key market trends, pinpointing strategic entry points, and providing risk assessments. Thanks to her expertise, my trading decisions align with market dynamics, ensuring optimal returns.
I know this lady you just mentioned. She is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. She has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
my goodness, these spam advertising FAKE discussions are so quick to get posted. SPAM!! THAT BEING SAID... it is very important to protect the capital you have gained, especially if you are close to retirement. I'm considering investing in an income annuity (still weighing the pros and cons) for a portion of my nest egg. I could make more if the market stays profitable and we invest more into stocks - but there is something to be said for the assured monthly payment, along with SS, most of the expenses would be met (it would be nice to know we didn't have to be concerned with our needs being met - even though it potentially reduced our net worth - no one knows the future, especially in this day and age. Thats the "importance of protecting the capital vs making more money" part). Then possibly invest the ROTH portion of the 401k into some dividend ETFs (many to choose from) so it generates additional tax-free income (since it is in the ROTH section) without having to sell off shares. And hopefully we won't have a need to touch the rest of the portfolio and it can hopefully grow. Fortunately, we live a mild lifestyle and don't have expensive tastes or hobbies (which is a key to us, most likely, having a successful retirement).
Economists and virtually all Wall Street analysts predicted a recession when the Federal Reserve raised short term interest rates from 0% to 5% in a year. Yet no recession and 3% growth and the stock market went up 50%. No one can accurately predict recessions. With that said, you should always keep an emergency reserve of at least 6 months of living expenses while you are working and preferably more. I’m retired, but from real world experience, you are likely to need to draw on your emergency reserve one or more times during your working years. No job is guaranteed, even a government job, and no worker is indispensable.
This isn’t about the US. There is a global debt crash coming due to Covid spending. The US will be brought down with it. China, Germany, UK, N Korea are close.
Government printing 250B a month has starved off a recession and pumped the markets… what happens when money printing and higher interest becomes unsustainable? It’s not going to be pretty. We are already in the debt death spiral. Higher wages fuel higher prices and higher prices come back and now we need higher wages… it’s an endless cycle until AI and automation saves us 😂
Waiting until 65 to retire was a HUGE mistake for me. In fact, it was so bad that I retired at age 55 just to avoid it. 😀 Always lived below my means and saved that money to invest. That did pretty well, so living without any SS benefits for 7 years was no problem. Using the 72t exception with my 401k rollover to a T-IRA provided funds on which to live decently. I never counted on SS benefits anyway, figuring that some government types would find a way to screw it up. These days, SS benefits are "found money" that I never counted on when I started planning seriously for retirement in my early 30s. It's rather nice to be job-free these days and not have to worry about losing a job I don't have. I have no debt and don't want any. I like living a simple and care-free life and hope that others can do it too. Happy New Year, everyone!
"Some government types would find a way to screw it up". Oh the irony in your comment, LOL. Sounds to me like you've lived a boring youth. If that works for you, more power to you.
good for you, I have a similar story. I was a firefighter and retired at age 48 with a very good pension. I am 63 now and am debt free as I have been most of my life. Thanks to biden now , I will get a nice raise with my Social Security, they cut my benefits since I had a pension.
Retired at 55 and should have done it earlier. Electrical Engineer that PLANNED on 'early' retirement, I actually over-planned, because I now realize I could have left the workforce at 50. Live within your means, save, avoid debt, eschew accumulation of depreciating assets. Life is good at 61 and I"m looking forward to what life brings. I can weather the ups and downs of the economy due to a diversified portfolio and healthy mindset. Of course not all are in position to do this, but if you can, PLAN
I see you've gone full clickbait title and thumbnail these days. Disappointed, but expected from most youtube channels. I guess it's time to find someone else to discuss retirement advice.
and a month later instead of #7:48 layoffs more than expected, the same investopedia author wrote: The Job Market Was Better Than Expected In October, By Diccon Hyatt Updated December 03, 2024 11:47 AM EST ...this just shows month to month variability --- maybe the takeaway should be less exposure to volatility by proper % allocation .... so, yes a little bit clickbaitish but better than full-on chicken little reactivity like ClearValueTax ...
It sure looks to me like a return to 1970s-style stagflation. That was a couple of generations ago, but I remember it well. I've moved most of my investments from Tech to Value, using a Warren Buffet-style "Cash is King" approach. There are so many similarities to the past that I'm taking an "if it looks like a duck, waddles like a duck, quacks like a duck..." approach.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with a long-term horizon . But if you don't have that time, it's a tough market out and thus you should consider financial advisory.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Inflation is around 6.5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume on google, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.
I just watched a video about this from a tech worker. American citizens are being fired and replaced by H-1B workers. All to save a few dollars. It's getting harder and harder for American citizens to put food on the table.
My company is laying off here and hiring all positions in India. These are non tech jobs that are professional too like legal, compliance and other positions.
That's been going on for at least 25 years. I hired an H1-B worker in 1999 because I couldn't find a good candidate local in Atlanta. Trump's Mar a Logo resort has a ton of Hb-1 and undocumented employees.
I listened to my parents and relatives tell me about the Great Depression. I'm old. And I've never seen a period in the US where our economy was worse than it was during the Great Depression. The real problem is the real world's economy is changing from hard work to smart work. And more people are willing to work hard than work hard at learning to work smart. I'm not fussing. It's a hard change for workers to adjust to. I'm 80 and lived in a house with no tv, no computer. sleeping on a roll out bed in the kitchen with a single bathroom for five people. The car my parents drove me in had a stick shift transmission and A/C was unheard of let alone a computer screen and you had to turn the headlights on and off and roll the windows up and down. The vast improvement in living conditions since say, 1880 till now is greater than any improvement over the same140 years span at anytime in history. We will not go back to a world where hard physical labor alone can make you rich. You might spend 80 hours a week working hard, but it will not be at a job that demands physical labor. If you are among the lowest intelligence because of genetics at birth then you have a right to be scared. The world is not valuing you as much as in the past. But there is a reason that the three largest economies in the world predicted by banks for the year 2050 are also the three largest in populations. Big business needs lots of consumers. Perhaps in the future some jobs will be solely to consume. If 99% of the poorest people flew off to another planet, the current 1% elite left on earth would be cavemen in 10 years or so. A huge economy needs a lot of consumers. Elon Musk sees this and has suggested a minimum living wage. The problem is once getting a free minimum living wage it will be very hard to escape that.
In my opinion you are usually better off working for the Federal or State government where there are minimal layoffs and you are usually covered by a pension plan. Defined benefit pensions are the best.
I agree, I am a retired firefighter with a very good pension. I was never going to be rich, but I did not have to worry about layoffs, or transfers to other states, I have been retired since age 48 , now 64 and have no money issues. I was lucky to buy a house in AZ in 09 crash for 140K and sell it for 420k. I bought a house in 14 for 240k and its now worth 600k. I have lived in Thailand for the past 4 years and rented my house for 30k a year. When I am 65 and on medicare I will return to USA and probably sell my house and move back to Thailand.
Sorry but this feels very, and disappointingly, click-baity. The entire FP industry trades on keeping clients scared and anxious. I thought Azul was better than this.
Perhaps because the market is severely overvalued and facing a certain correction 🤷♂️ This is going to be one hell of a down slide, assuming the government can’t continue overspending the inevitable.
Agreed, Azul should be better than short-term populists' videos, which is normally the case. BTW what happened to the stock market crash of mid-late 2024 so widely predicted? A little bit like the 'keys' all those predictions turned out to be completely wrong.
I concur. The warnings of pending recession have been relentless throughout the Biden administration, however I think most of that was driven by a political partisan effort to make a Biden/Democratic re-election less likely. Now I fear that the warnings of recession are real. They are coming from legitimate economists and are based on credible data. We are in for yet another Republican recession, but now that Party is 100% under the control of Donald Trump, a con artist who in his personal life has instigated 6 bankruptcies and has overseen scores of failed businesses on his life journey of squandering $415,000,000 of his daddy's money, and in his time as president has added more to the national debt than all of the previous presidents put together.
@@jaqueviusYes of course. The market goes up and it goes down. That’s life. But nobody can time the market. So just inviting fear serves nobody except for folks in the FP industry. I like to think that Azul is the exception to this.
The US economy relies heavily on continuous credit and debt creation to function. As a result, the Federal Reserve will likely continue to print more money, increasing the average American's debt burden. Meanwhile, foreign economies, which are struggling even more than the US, remain eager to hold US dollars. Ultimately, someone will be left to bear the consequences of this unsustainable economic cycle.
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
,,, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
I've tried investing in the crypto market several times but always got discouraged by fluctuations of crypto value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
Tracy Britt Cool Consulting... has always been at the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
There are other channels that explain how to get ACA. The premiums could be high if you’re still on salary but, if you can show that you don’t have a salary the premiums are quite low.
In Star Trek, they solved the money problem. Why aren't we making any progress in the real world? Look around. It's 2025 & everything (except for the telephone) looks exactly the same as it did back in the 60s, 70s and 80s. The cities, the towns, the streets, everything is the same. I've been shopping at stores for over 50 years & they're exactly the same as they were when I was a little kid. The world is still nothing but slaves, peasants and kings, just like it was back in The Dark Ages. Instead of moving forwards, in the past few years, we have been moving backwards.
Its Been decades of economic turmoil. Were quite used to it.Theres nothing to do but keep doing. Homelessness, joblessness, poverty, death, gov. Opression. Ya pretty sure no New surprises will even deserve a blink.
My first mortgage was at 14%. Low interest for way too long has lead to hyper-inflation. Income will never catch up. Only resolution is for a recession/depression with major deflation.
Outsourcing in the tech sector has been going on for decades. I went through 3 cycles of outsourcing in my career. Thing is that companies have always gone back to hiring local because they find out that the quality and control of the work eventually affects the bottom line. Sad that companies keep making the same mistakes but now-a-days no one actually learns from history which means they tend to repeat it.
Thanks for sharing such valuable information! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
I'm 56. I've carried an emergency reserve fund for almost 30 years. But I've never had to use any of it until this year when I was part of these tech layoffs. And I will likely be forced to ride my emergency fund into an early retirement due to the dysfunctional job market.
First, when you have more people employed into the workforce, the layoff numbers (measured by headcount) are not the same... layoff numbers should be given as a percentage of the workforce, as a way to compare "apples to apples". 2nd, Bank of America's analysis comes from a source (a banking company) with an inherent bias of at least representing the data in a way that helps them.
As a retired Canadian high tech exec I have seen many recessions including in tech. These recommendations are wise for any time, but essential during an economic downturn. I'd add live below your means. I was living in Boston in 2000 when a big tech cut back happened. After 911 most of the buildings around Boston were literally empty. I stayed employed through the entire thing by networking and creating jobs that were never listed. This is an apolitical channel, but without talking good or bad it is a fact that America elected a party that has said they will impose tariffs on Mexico and Canada and possibly China. It is hard to argue that in the short to medium term this will not increase costs to consumers and cause layoffs. Take automotive for example. Any car assembled in the US other than Tesla uses parts from Canada and Mexico. In an industry already in trouble adding 25% to parts will tip those jobs into the brink. Sure, tariffs can encourage onshoring, but that cycle is measured in decades, not months. I suspect the US economy was already overheated by Biden and poised for a correction. Tariffs and general chaos never favors stable growth. In my case, I live below my means, own my home and have investments in instruments so conservative the banks will fail before I do. I recommend you get a one year emergency fund in place and prepare to hold steady while your retirement fund gets gutted for a couple of years. If you don't sell, it does not matter. I have seen too many friends sell at the bottom of a recession and end up broke.
Azul, you are putting out a lot of scary economic outlook videos lately. Aren't you just timing the market? Isn't that a really bad investment practice? Even if I retire today, I will not need the bulk of my retirement savings tomorrow.
Azul, I commented several videos ago about my retirement dilemma as a high net worth and income individual. Had a long talk with my wife, after reading your reply to me, and came to the conclusion that retirement may not be what’s best for us, at least not yet. Decided to take more trips and spend less time working during my less-busy seasons. It’s really hard to walk away from a mostly “work-from-home” business when I’m the boss. I just finished my year-end financial review and the numbers crunched to a net income of $1.2 million this year (with gross income just shy of $2 million)…and that’s taking a pretty aggressive position on some gray-area expenses and not even considering investment or other passive income streams. Saying all that, it doesn’t feel like a major recession is coming in my world where the income keeps growing and the business keeps pouring in.
I’m a business owner as well, so I understand what you’re saying. There is so much printed money in the economy now, but I don’t think it’s sustainable. I’m in healthcare so pretty insulated from a recession, but depending what sector you’re in, I’d at least have a plan. My retirement will still include keeping and running the business, but from very little work involved, and essentially passive income. The traditional retirement advice really doesn’t apply to business owners. I’ve amassed much more than expected in Roth 401k’s and backdoor Roth IRAs, and in all probability will never even touch them. Even though Azul is a great resource, no TH-cam channel can give individual advice, and much of his content doesn’t really apply if you’re a business owner that will have enough passive income to meet all of your expenses.
Gloom and doom always sells. Analysts have been predicting a recession for years. It's bound to come but who knows when. The economic cycle has been delayed by excessive deficits that have propted up the economy. When other counties stop buying US debt the US will have a big problem. But most of the developed counties are worse off than the US.
I suggest you read up on David Hunter. I’ve been following him for years, he’s been correct the whole time and predicted this market a year ago. It’s going to be bad after a big run up in the market.
Tech Lay offs have been happening for the last three quarters, and most of Mag 7 are expected to 'hire and trim' at the same time in 2025. TBH, Mag 7 (AI spend) have prevented recession for the broader US economy. Curious, what is the overall perspective for US economy (minus tech) ?
I'm 59 and plan on working until I have Medicare. I have a full-time job at a hospital system and recently took on a second job at another hospital system just in case I lose one of the jobs.
How do you get that courage to work until 59? I'm 45 next year and I'm giving up. Very exhausted.Any advice sir ? Am about to put my resignation letter.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Best advise is to have a skill in a occupation that you love to start. Live well below your means and invest. I always knew that my job could be taken away at any moment, so I invested in my education so that I could have a side business while holding a job. My employer was aware of this so we were on equal basis. I love my job, and preformed as if I was an owner of that business. By working as an owner and not as an employee you add value and likely be able to hold the job as long as you want. I retired early at 62, and continued with my own company. Funny how my former employer thought I would change my mind and return to work. They showed my as an employee for 5 months after leaving. I made a phone call to them and they told me they were keeping the job open if I wanted to return. I still working in retirement and earn more than my prior job, its not in a paycheck, but in cash flow events.
A tough economic landscape is an understatement at best. Years of an economic bubble created by both fiscal and monetary policy exacerbated by “ irrational exuberance “ combined with an unwinnable trade war will create economic pain unseen since the Great Depression.
Tariffs, deportation of workers, and talk of invading other countries are all pointing to high risk and inflation. Treasury markets are starting to reflect his as higher rates. This is the next market correction. People don’t believe right now, but as this is all implemented, we can expect the fantasies to fade. Hope for the best but prepare for the outcome that experience tells us will happen.
Rates are going higher because inflation has been going up for the last four months. Trump tariffs in his first term caused zero inflation . Don’t believe the narrative. The coming recession cannot be stopped no matter who won the election.
It’s going to be quite interesting to see all the social security elderly, disabled, less fortunate when the tariffs hit . They think they are struggling now . Good luck to all of them .
Many elderly are struggling to stay in their homes because of homeowners taxes...our politicians know this... I am seeing more retirees working part-time jobs..
Sincerely, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone I do
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
My advisor is Melissa Terri Swayne, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
thank you for this tip , I must say, Melissa appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Yeah, I don’t know about the consumer savings accounts. My high-yield savings account dropped my interest rate the day the feds drop theirs. My bank dropped the savings rate the day before the feds drop theirs.
I've done everything right: seven-figure nest egg, CPP just about maxed out (I'm Canadian and we have problems of our own), zero long-term debt. I have allowances for inflation. Economic catastrophe will hurt me, but it will hurt a lot of people too.
I'm so tired of pretending that all the new tech can do the job as well as people can. The new apps they make us download often suck, and the customer assistance bots are woefully and comically adequate. It's all so frustrating. Now they will try to get AI to do too much when it's not truly ready either.
Yeah ok. This is just Bidenomics coming to a head. Now that DT is ready to be inaugurated this of course will be all his fault . Most of us are awake now, try it.
Can you even fathom what the future of this country would have looked like if Haris would have won? She couldn't even manage a billion dollar campaign, and the money she paid celebrities, outrageous.
I retired from the GOV in 2009. 33 years with the government. Took early SS at 62. Still working part time (24 hrs per week) to keep busy and to get extra money. I plan on keeping this course as it is working for me. I feel badly for all the younger people that cant even get into a house purchase.
@@3namechangezalowdevry90day7There has been discussion of merging the FDIC responsibilities into the Treasury dept. The FDIC agency would be closed but the FDIC insurance program would be overseen by Treasury. I don’t see it happening.
@@kradwonders The FDIC is insurance that the banks all pay into quarterly. Even if there was a massive wave of bank failures and they had to be bailed with taxpayer dollars, banks would have to pay that money back once they were back in business.
As companies become more overvalued the expectations are high from the shareholders and in most cases some of this companies can't meet that expectation. The easiest thing to do is job layoffs.
Tech workers have multiples more earnings so I imagine that translates to larger than expected reductions in spending in the economy and much lower taxes collected for the next 2-4 years… which is going to make it even harder for the USA to pay off the debt.
One thing that's not counted in the unemployment are gig jobs. I set up entertainment centers, security cameras and smart home thermostats, etc for Best Buy, Home Depot and other providers and business has dropped 85% over the past 6 months. A year ago there was more work than I could handle now I'm lucky to get one job per week.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Charlotte Miller
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
It was about freaking time... I've been waiting for the deals since 2020, how long does a guy have to wait?? Let's get on with the repos, evictions, and bankruptcies, I have places to be and fish to fry. 🐟
Probably. 2 more years of baby boomers retiring at age 62. Then it will start leveling off. Although, I see so many older boomers working. Mainly jobs at grocery stores and fast food places. Some can barely move. I guess nobody told them that social security was designed to HELP in retirement but not to fully take care of everything in retirement
Just 2 years ago there was a for hire sign on every business. Employers were begging for workers. any workers. no matter what your skill level. What happened.
Thinking ones going to work for a company until 65 or 70 with a high salary is not realistic for most. Was told this 40 years ago to be ready at 55 to go. Nothing really new
Everyone said an economic storm was coming in 2023 and 2024... and now they will say, nope now it's 2025 and then they will say, nope it's 2026. It's super easy to say have six months of living expenses, when no one does.
Yet these big tech companies have spent how many billions on stock buy back? If it was lack of capital, or cheap capital, that they are laying off people they would not have done stock buybacks. The layoffs are already affecting quality at some of these tech companies, which is not good for their long term health. But at least the stock owners are making money now.
Hi Azul, i was told last year by professional to invest in the market, i felt uneasy abt that. I have a small income with a small amt of inheritance. I cant lose a dime tbh, I want someplace where the odds are most secure and that if i need it i can get to it. Can you do a show on " safest bets". For example CDs ? Bonds? etc. tks
Im still staying diversified. Bonds including TIPs, gold, silver, cash with about 50% stocks IMHO between previous administrations and Trumps new tariffs we will be in 1970-80 stagflation by 2nd quarter 2026. Im not anti tariffs only the ham handway trump talks about applying them is not sane.
I’ve bookmarked this video and plan to revisit it in mid-2025 to evaluate how your predictions have held up. In the relatively short time we’ve been engaged with the broader market, I’ve been struck by the sheer volume of differing perspectives on the past, present, and future state of the economy. What I find particularly concerning is the prevalence of opinions that seem abundant and easily available, often presented as “expert” advice, yet with little to no accountability for their accuracy or impact on those who rely on them.
At my national company there are 338,000 employees at my position. We have not had a raise in 2 years and now they're only offering us 1.3% we are ready to watch the system burn.
If you short this market by putting your finances in a defensive posture, you're liable to miss out on huge gains in 2025. I've heard this story over and over and over. Fully understand the risk of becoming defensive and missing out on HUGE gains over the next few years b4 just doing it.
During the pandemic, companies including mine had to over hire meaning we suddenly needed three people to do the work of two because people wanted to be home more, only wanted to work part time, or have certain days off. If you didn't give it to them they would just quit. So we over hired to put up with it and get by. Or, suddenly they wanted to work from home, only come into the office a couple of days a week. Productivity went down and my over head went up. Now that all of that stuff is over, we're laying off people we don't need, people that only want to work part time and anything we can go digital with we're do so and eliminating a person or two here and there. We have no choice, it's do that or go out of business. The cost of doing business is up 40 percent plus from where it was in 2019.
Could, might, maybe, etc. I’ll believe it when I see it. What I see right now is people spending money on all sorts of discretionary things such as restaurants, home renovations, travel, vehicles, etc. It’s still a boom out there. When that changes, people’s behavior will change. And other than the Covid blip, when was the last real recession that lasted more than six months? I think it was as far back as 2008. People are doing very well economically these days.
That’s happened here in the UK for decades. In addition to this, so many British Companies have been sold to the highest foreign bidder. Our manufacturing industry in real terms is toast and those jobs have gone forever overseas. Hope your situation improves soon.
2015 lost 2nd full time job in two years. 58 years old.. Both were commodities related. Boom and bust. Lots of overtime then closed the doors. Being in commodities since 20 years old after college accustomed to moving all over U.S. to stay employed. The last two full time jobs hoped one would take me to retirement Both went out of .busnedd . At 58, found it hard to get a job unless move again. Unfortunately Had bought a house / jail . Looked at choices at hand..I needed to make payments, rent somewhere, then how long would that job last? So Sold childhood farm and woods. No house just 66 acres. So I paid off house, invested balance in vanguard balanced type index fund. Got a monthly income. Having no debts and living way below my means survived. Turning 67 and in 2025 will start Social security. Left previous ira investments , A lump sum pension and all 401ks alone to grow. Net worth 1.8 but its been a challenge, divorced for 22 years etc. Some women are not used to the idea of moving for employment. Made good money but lonely life. Service and gratitude has made all the difference.
I got layed off @ 55, first year or two was rough, but without re-entering the job market I survived just fine and now I’m 69 healthier than ever, and happier- get rid of crap you don’t need and learn how to survive with fewer dollars…
I'm preparing for this possibility, now age 51 and keenly aware that if I lose my tech job I won't necessarily find my way back in
I"m at 50 and preparing for the same.
I don't trust my employer, they'll screw me the first chance they can.
I’ve heard that this type of situation happens to ~30% of us. We enter retirement earlier than planned through some unexpected situation.
I retired at 45 as just got tired of working. The money was great but need to decide how much you actually need.
I'm 71 and was laid off in my mid 50;s. I never stopped working. After my lay off. I worked freelance for much less with out any benefits for about a year. I then applied for a job in my field but at a much lower wage and was hired. I never replaced my pre layoff income. I kept investing in a retirement plan and lived on my lower earnings until summer 2024 when I retired at 71. I also waited till 70 to claim S.S. which is a good benefit that I live on comfortably. I will wait till I'm 73 to start withdrawing from my IRA. Corp. America did me a number but thank goodness they couldn't control how i invested and prepared for retirement.I have a great emergency fund and a good but modest well maintained home in a nice neighborhood and life is good. Avoid debt , live below your means, save and invest... you can make it.
I've seen this story before. Let me help out.. The Moral of the story is simple. Be prepared. Live within your means. Have 6 months of cash saved up. Some cash stashed in your mattress is a good plan too. Dont put all your eggs in one basket. A silver dime, when minted could buy a loaf of bread. That silver dime still can buy a loaf of bread today. Your health is your best investment. Avoid all processed food. Eggs are your best friend. Walking is not an option, you must walk often. The government lies to you. Vit D is important.
Best comment. Omega 3 is important too.
Eggs are worth more than your silver dime now.
100% agree with ALL of this.
if you lose your job you will have a hard time replacing it.
I got laid off as a sales engineer 6 weeks ago. I am 57 yrs old. I have sent out at least 40 applications and resumes to companies in my wheelhouse. NOT ONE CALL BACK. Zero interest. I am dead in the water. I suspect I will be going into retirement by force.
It can take a few months for something in your field. Don’t give up.
The same people that suggests we work until age 70, won't hire us after age 55
Sorry to hear that man. Keep your head up.
Don't give up as Mitzi said. However, I too was laid off at 59 earlier this year. I applied for over 50 positions in my field and interviewed with over 30. Several have told me that they hired someone of a different demographic group. In my field, they are looking to increase minority representation and they all have enough old white men. I have given up looking for a permanent position and am doing consulting part time. I consider myself retired.
I know of at least a half dozen white men in our age group that have been laid off this year. More than half have found new positions.
@Andrew-zs5tc There's no question that DEI is directed at us guys. I know that some companies have seen how it hurts productivity and are getting away from DEI (Walmart, Toyota, and some colleges..). I hope the Trump administration addresses this societal mistake.
I’m really concerned about the state of the economy. Inflation keeps climbing, interest rates are higher than ever, and now there’s talk of a massive economic storm hitting the U.S. soon. It feels like it’s becoming impossible to save for retirement or protect what I’ve already built.
You’re not alone. The stock market’s volatility and uncertainty about the housing market have left so many people on edge. The problem is that most people don’t have a diversified portfolio, so when the economy shifts, they lose everything. A lot of folks panic-sell at the worst time, locking in their losses.
Exactly! I learned that the hard way during the 2008 crash. Back then, I had all my money in just a few stocks, and when everything tanked, I lost almost half of my savings. I’ve been trying to rebuild ever since, but honestly, I feel like I don’t know where to start anymore.
That’s why it’s critical to get professional help. I work with Joseph Nick Cahill, a CFA who’s helped me restructure my portfolio to minimize risk and maximize growth. He has decades of experience and offers free consultations, so there’s no pressure. He’s helped a lot of people, including me, weather economic storms like these and still come out ahead.
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
I wish I’d known about someone like him earlier. My biggest regret is not reinvesting after my initial losses. I stayed in cash, and with inflation, I feel like I’ve lost even more. Glad i saw this
In addition to what you've covered...I work in big tech, enterprise software and services. The proliferation of AI right now is very significant and is going to have big ramifications. AI will eliminate a lot of white collar jobs, sooner than some may assume. So what blue collar workers have been enduring for the last 30 years is now coming to white collar workers. Couple this with volatile political environments.
And they will give work to AI before it's truly ready for it, because they've been doing that with tech all the way along. They've already replaced customer service people with pre-AI bots who provide woefully and comically inadequate "customer service," and they're making everyone download crappy, glitch-ridden, user-unfriendly apps all while acting like the new tech is so wonderful and perfect.
It is interesting to note that Sam Altman is a strong advocate of universal basic income.
Ive noticed that AI can make programming/coding far more efficient. They're applying their technology to their own business first.
Protecting your capital is much more important than making money. Basically, because if you lose your capital, making money is much harder. "Missing the train" vs. "losing your money." There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year. My $200k portfolio is down by approximately 20%. Any recommendations to scale up my returns on investment?
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
it’s essential to have a mentor to keep you accountable. Caroline Suzan Olson is my trade analyst. She has guided me in identifying key market trends, pinpointing strategic entry points, and providing risk assessments. Thanks to her expertise, my trading decisions align with market dynamics, ensuring optimal returns.
I know this lady you just mentioned. She is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. She has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
my goodness, these spam advertising FAKE discussions are so quick to get posted. SPAM!! THAT BEING SAID... it is very important to protect the capital you have gained, especially if you are close to retirement. I'm considering investing in an income annuity (still weighing the pros and cons) for a portion of my nest egg. I could make more if the market stays profitable and we invest more into stocks - but there is something to be said for the assured monthly payment, along with SS, most of the expenses would be met (it would be nice to know we didn't have to be concerned with our needs being met - even though it potentially reduced our net worth - no one knows the future, especially in this day and age. Thats the "importance of protecting the capital vs making more money" part). Then possibly invest the ROTH portion of the 401k into some dividend ETFs (many to choose from) so it generates additional tax-free income (since it is in the ROTH section) without having to sell off shares. And hopefully we won't have a need to touch the rest of the portfolio and it can hopefully grow. Fortunately, we live a mild lifestyle and don't have expensive tastes or hobbies (which is a key to us, most likely, having a successful retirement).
Economists and virtually all Wall Street analysts predicted a recession when the Federal Reserve raised short term interest rates from 0% to 5% in a year. Yet no recession and 3% growth and the stock market went up 50%. No one can accurately predict recessions. With that said, you should always keep an emergency reserve of at least 6 months of living expenses while you are working and preferably more. I’m retired, but from real world experience, you are likely to need to draw on your emergency reserve one or more times during your working years. No job is guaranteed, even a government job, and no worker is indispensable.
This isn’t about the US. There is a global debt crash coming due to Covid spending. The US will be brought down with it. China, Germany, UK, N Korea are close.
Government printing 250B a month has starved off a recession and pumped the markets… what happens when money printing and higher interest becomes unsustainable? It’s not going to be pretty.
We are already in the debt death spiral.
Higher wages fuel higher prices and higher prices come back and now we need higher wages… it’s an endless cycle until AI and automation saves us 😂
Probably should throttle back on the television ?
You are not the same person after watching t.v. ?
All true but in terms of recessions, Joe Schmo on Main Street is always ahead of Wall St Analysts/Economists.
One political party’s trap for the other political party?
Waiting until 65 to retire was a HUGE mistake for me. In fact, it was so bad that I retired at age 55 just to avoid it. 😀
Always lived below my means and saved that money to invest. That did pretty well, so living without any SS benefits for 7 years was no problem.
Using the 72t exception with my 401k rollover to a T-IRA provided funds on which to live decently. I never counted on SS benefits anyway, figuring
that some government types would find a way to screw it up. These days, SS benefits are "found money" that I never counted on when I started
planning seriously for retirement in my early 30s. It's rather nice to be job-free these days and not have to worry about losing a job I don't have.
I have no debt and don't want any. I like living a simple and care-free life and hope that others can do it too. Happy New Year, everyone!
"Some government types would find a way to screw it up". Oh the irony in your comment, LOL. Sounds to me like you've lived a boring youth. If that works for you, more power to you.
good for you, I have a similar story. I was a firefighter and retired at age 48 with a very good pension. I am 63 now and am debt free as I have been most of my life. Thanks to biden now , I will get a nice raise with my Social Security, they cut my benefits since I had a pension.
Retired at 55 and should have done it earlier. Electrical Engineer that PLANNED on 'early' retirement, I actually over-planned, because I now realize I could have left the workforce at 50. Live within your means, save, avoid debt, eschew accumulation of depreciating assets. Life is good at 61 and I"m looking forward to what life brings. I can weather the ups and downs of the economy due to a diversified portfolio and healthy mindset. Of course not all are in position to do this, but if you can, PLAN
I see you've gone full clickbait title and thumbnail these days. Disappointed, but expected from most youtube channels. I guess it's time to find someone else to discuss retirement advice.
I find Holyschmidt to be the very best on TH-cam.
Click bait yes. He says interest rates coming down indicate a world wide slow down then later blames high interest rates and inflation for the ruin.
Exactly, you beat me to it.
and a month later instead of #7:48 layoffs more than expected, the same investopedia author wrote:
The Job Market Was Better Than Expected In October, By Diccon Hyatt Updated December 03, 2024 11:47 AM EST
...this just shows month to month variability ---
maybe the takeaway should be less exposure to volatility by proper % allocation ....
so, yes a little bit clickbaitish but better than full-on chicken little reactivity like ClearValueTax ...
Using income charts that ended in 2022 (24 months ago) and calling an article from October (three months old) "new" is pretty horrific stuff.
I appreciate the information you always provide. I have a better understanding of finances because of you..
My husband is so busy with work. Many mandatory overtime hours. But he’s ok with it. Better feast than famine ! And we save ALL the extra overtime
Buy gold with that overtime $$$... The USD is losing value big time
Exchange your Fiat 🎊🎉 into Gold 🏅
It sure looks to me like a return to 1970s-style stagflation. That was a couple of generations ago, but I remember it well. I've moved most of my investments from Tech to Value, using a Warren Buffet-style "Cash is King" approach. There are so many similarities to the past that I'm taking an "if it looks like a duck, waddles like a duck, quacks like a duck..." approach.
I agree, there are many similarities.
History Repeats Itself.... Again and Again
But Trump is going to fix this, right? 😂
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with a long-term horizon . But if you don't have that time, it's a tough market out and thus you should consider financial advisory.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Inflation is around 6.5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume on google, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.
I just watched a video about this from a tech worker. American citizens are being fired and replaced by H-1B workers. All to save a few dollars. It's getting harder and harder for American citizens to put food on the table.
My company is laying off here and hiring all positions in India. These are non tech jobs that are professional too like legal, compliance and other positions.
That's been going on for at least 25 years. I hired an H1-B worker in 1999 because I couldn't find a good candidate local in Atlanta. Trump's Mar a Logo resort has a ton of Hb-1 and undocumented employees.
@christschool I find it hard to believe you could not find good candidates in a market as large as Atlanta. Sounds like a salary issue.
Watch the jobless and very low paid very educated Chinese IT workers now looking for work. Globalization is not your friend.
Automotive industry is doing the same. Laying off US engineers and hiring overseas engineers for a fraction of the cost.
Should be illegal.
I listened to my parents and relatives tell me about the Great Depression. I'm old. And I've never seen a period in the US where our economy was worse than it was during the Great Depression. The real problem is the real world's economy is changing from hard work to smart work. And more people are willing to work hard than work hard at learning to work smart. I'm not fussing. It's a hard change for workers to adjust to. I'm 80 and lived in a house with no tv, no computer. sleeping on a roll out bed in the kitchen with a single bathroom for five people. The car my parents drove me in had a stick shift transmission and A/C was unheard of let alone a computer screen and you had to turn the headlights on and off and roll the windows up and down.
The vast improvement in living conditions since say, 1880 till now is greater than any improvement over the same140 years span at anytime in history.
We will not go back to a world where hard physical labor alone can make you rich. You might spend 80 hours a week working hard, but it will not be at a job that demands physical labor. If you are among the lowest intelligence because of genetics at birth then you have a right to be scared. The world is not valuing you as much as in the past. But there is a reason that the three largest economies in the world predicted by banks for the year 2050 are also the three largest in populations. Big business needs lots of consumers. Perhaps in the future some jobs will be solely to consume. If 99% of the poorest people flew off to another planet, the current 1% elite left on earth would be cavemen in 10 years or so. A huge economy needs a lot of consumers. Elon Musk sees this and has suggested a minimum living wage. The problem is once getting a free minimum living wage it will be very hard to escape that.
In my opinion you are usually better off working for the Federal or State government where there are minimal layoffs and you are usually covered by a pension plan. Defined benefit pensions are the best.
I agree, I am a retired firefighter with a very good pension. I was never going to be rich, but I did not have to worry about layoffs, or transfers to other states, I have been retired since age 48 , now 64 and have no money issues. I was lucky to buy a house in AZ in 09 crash for 140K and sell it for 420k. I bought a house in 14 for 240k and its now worth 600k. I have lived in Thailand for the past 4 years and rented my house for 30k a year. When I am 65 and on medicare I will return to USA and probably sell my house and move back to Thailand.
Sorry but this feels very, and disappointingly, click-baity. The entire FP industry trades on keeping clients scared and anxious. I thought Azul was better than this.
Perhaps because the market is severely overvalued and facing a certain correction 🤷♂️ This is going to be one hell of a down slide, assuming the government can’t continue overspending the inevitable.
Agreed, Azul should be better than short-term populists' videos, which is normally the case. BTW what happened to the stock market crash of mid-late 2024 so widely predicted? A little bit like the 'keys' all those predictions turned out to be completely wrong.
I concur. The warnings of pending recession have been relentless throughout the Biden administration, however I think most of that was driven by a political partisan effort to make a Biden/Democratic re-election less likely. Now I fear that the warnings of recession are real. They are coming from legitimate economists and are based on credible data. We are in for yet another Republican recession, but now that Party is 100% under the control of Donald Trump, a con artist who in his personal life has instigated 6 bankruptcies and has overseen scores of failed businesses on his life journey of squandering $415,000,000 of his daddy's money, and in his time as president has added more to the national debt than all of the previous presidents put together.
Nobody made you watch.
@@jaqueviusYes of course. The market goes up and it goes down. That’s life. But nobody can time the market. So just inviting fear serves nobody except for folks in the FP industry. I like to think that Azul is the exception to this.
My company hired a ton of new employees on my team. So it depends on the parts of the country your in
Are u a government worker? Government contractor?
What industry? I think that is the bigger factor over location.
Which area?
The owning company may be propping it up to make it look good to sell-off.
Thank you for keeping an eye out for us and advising us.
The US economy relies heavily on continuous credit and debt creation to function. As a result, the Federal Reserve will likely continue to print more money, increasing the average American's debt burden. Meanwhile, foreign economies, which are struggling even more than the US, remain eager to hold US dollars. Ultimately, someone will be left to bear the consequences of this unsustainable economic cycle.
Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them
,,, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
,,,,,Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Great information as always! Any additional recommendations for those of us that are already retired and not in the workforce?
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
Investing in crypto is planting a tree for your future; with patience, it will bear fruit
I've tried investing in the crypto market several times but always got discouraged by fluctuations of crypto value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
Please can you leave the info of your Investment advisor here? I'm in dire need for one
Tracy Britt Cool Consulting... has always been at the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
What are you doing with health insurance that got laid off or not working at the mean time until reach age 65 for health insurance and Medicare.
Your best option is Obama Care also known as ACA. This provides an income based insurance option. Has pretty good coverage so I hear.
There are other channels that explain how to get ACA. The premiums could be high if you’re still on salary but, if you can show that you don’t have a salary the premiums are quite low.
Never fear, no matter what happens, “they’ll print the money”. Until such time as no one will take the money.
Thanks Azul- The severity of the layoffs will likely be “US State- Dependent”, as some are clearly worse off than others
First time to channel. It's a blessing. Thanks Azul.
In Star Trek, they solved the money problem. Why aren't we making any progress in the real world? Look around. It's 2025 & everything (except for the telephone) looks exactly the same as it did back in the 60s, 70s and 80s. The cities, the towns, the streets, everything is the same. I've been shopping at stores for over 50 years & they're exactly the same as they were when I was a little kid. The world is still nothing but slaves, peasants and kings, just like it was back in The Dark Ages. Instead of moving forwards, in the past few years, we have been moving backwards.
It's my money and I want it, NOW!!
Its Been decades of economic turmoil. Were quite used to it.Theres nothing to do but keep doing. Homelessness, joblessness, poverty, death, gov. Opression. Ya pretty sure no New surprises will even deserve a blink.
It's been a difficult economic period since 2008/9.
Where have you been? 🤔
😂
In the US……since 08/09 the economy has been booming.
My first mortgage was at 14%. Low interest for way too long has lead to hyper-inflation.
Income will never catch up.
Only resolution is for a recession/depression with major deflation.
'Good medicine tastes bad'
Houses and vehicles were also considerably less. That’s the part that needs to change. And end welfare.
Won’t happen. Fed will,keep printing. Watch and see
Outsourcing in the tech sector has been going on for decades. I went through 3 cycles of outsourcing in my career. Thing is that companies have always gone back to hiring local because they find out that the quality and control of the work eventually affects the bottom line. Sad that companies keep making the same mistakes but now-a-days no one actually learns from history which means they tend to repeat it.
Thanks for sharing such valuable information! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
I'm 56. I've carried an emergency reserve fund for almost 30 years. But I've never had to use any of it until this year when I was part of these tech layoffs. And I will likely be forced to ride my emergency fund into an early retirement due to the dysfunctional job market.
First, when you have more people employed into the workforce, the layoff numbers (measured by headcount) are not the same... layoff numbers should be given as a percentage of the workforce, as a way to compare "apples to apples". 2nd, Bank of America's analysis comes from a source (a banking company) with an inherent bias of at least representing the data in a way that helps them.
A layoff isn't always a bad thing. Pick up a severance check and welcome to retirement!😊
As a retired Canadian high tech exec I have seen many recessions including in tech. These recommendations are wise for any time, but essential during an economic downturn. I'd add live below your means. I was living in Boston in 2000 when a big tech cut back happened. After 911 most of the buildings around Boston were literally empty. I stayed employed through the entire thing by networking and creating jobs that were never listed.
This is an apolitical channel, but without talking good or bad it is a fact that America elected a party that has said they will impose tariffs on Mexico and Canada and possibly China. It is hard to argue that in the short to medium term this will not increase costs to consumers and cause layoffs. Take automotive for example. Any car assembled in the US other than Tesla uses parts from Canada and Mexico. In an industry already in trouble adding 25% to parts will tip those jobs into the brink. Sure, tariffs can encourage onshoring, but that cycle is measured in decades, not months. I suspect the US economy was already overheated by Biden and poised for a correction. Tariffs and general chaos never favors stable growth.
In my case, I live below my means, own my home and have investments in instruments so conservative the banks will fail before I do. I recommend you get a one year emergency fund in place and prepare to hold steady while your retirement fund gets gutted for a couple of years. If you don't sell, it does not matter. I have seen too many friends sell at the bottom of a recession and end up broke.
Could the drop in median household income be attributed to boomer retirement as well as layoffs? How can that be teased out?
Azul, you are putting out a lot of scary economic outlook videos lately. Aren't you just timing the market? Isn't that a really bad investment practice? Even if I retire today, I will not need the bulk of my retirement savings tomorrow.
He is getting views
Azul, I commented several videos ago about my retirement dilemma as a high net worth and income individual. Had a long talk with my wife, after reading your reply to me, and came to the conclusion that retirement may not be what’s best for us, at least not yet. Decided to take more trips and spend less time working during my less-busy seasons. It’s really hard to walk away from a mostly “work-from-home” business when I’m the boss. I just finished my year-end financial review and the numbers crunched to a net income of $1.2 million this year (with gross income just shy of $2 million)…and that’s taking a pretty aggressive position on some gray-area expenses and not even considering investment or other passive income streams. Saying all that, it doesn’t feel like a major recession is coming in my world where the income keeps growing and the business keeps pouring in.
I’m a business owner as well, so I understand what you’re saying. There is so much printed money in the economy now, but I don’t think it’s sustainable. I’m in healthcare so pretty insulated from a recession, but depending what sector you’re in, I’d at least have a plan. My retirement will still include keeping and running the business, but from very little work involved, and essentially passive income. The traditional retirement advice really doesn’t apply to business owners. I’ve amassed much more than expected in Roth 401k’s and backdoor Roth IRAs, and in all probability will never even touch them. Even though Azul is a great resource, no TH-cam channel can give individual advice, and much of his content doesn’t really apply if you’re a business owner that will have enough passive income to meet all of your expenses.
Gloom and doom always sells. Analysts have been predicting a recession for years. It's bound to come but who knows when.
The economic cycle has been delayed by excessive deficits that have propted up the economy.
When other counties stop buying US debt the US will have a big problem. But most of the developed counties are worse off than the US.
I suggest you read up on David Hunter. I’ve been following him for years, he’s been correct the whole time and predicted this market a year ago. It’s going to be bad after a big run up in the market.
Get ready to change your name so you can use the time worn “The Collapse Has Already Begun!” line. It’s only been used about 15,000 times since 2008!
Great advice. 2025 is looking scary.
Tech Lay offs have been happening for the last three quarters, and most of Mag 7 are expected to 'hire and trim' at the same time in 2025. TBH, Mag 7 (AI spend) have prevented recession for the broader US economy. Curious, what is the overall perspective for US economy (minus tech) ?
I'm 59 and plan on working until I have Medicare. I have a full-time job at a hospital system and recently took on a second job at another hospital system just in case I lose one of the jobs.
Most hospital jobs are very secure
Keep on working to till age 65 and beyond. Even 70 - 75. Us early retirees appreciate the tax contributions.
How do you get that courage to work until 59?
I'm 45 next year and I'm giving up. Very exhausted.Any advice sir ? Am about to put my resignation letter.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Best advise is to have a skill in a occupation that you love to start. Live well below your means and invest. I always knew that my job could be taken away at any moment, so I invested in my education so that I could have a side business while holding a job. My employer was aware of this so we were on equal basis. I love my job, and preformed as if I was an owner of that business. By working as an owner and not as an employee you add value and likely be able to hold the job as long as you want. I retired early at 62, and continued with my own company. Funny how my former employer thought I would change my mind and return to work. They showed my as an employee for 5 months after leaving. I made a phone call to them and they told me they were keeping the job open if I wanted to return. I still working in retirement and earn more than my prior job, its not in a paycheck, but in cash flow events.
A tough economic landscape is an understatement at best. Years of an economic bubble created by both fiscal and monetary policy exacerbated by “ irrational exuberance “ combined with an unwinnable trade war will create economic pain unseen since the Great Depression.
I missed your definition for the massive storm that’s coming.
Listen again. Stagflation is the possible storm. Some say it WILL happen
It's pretty rainy where I live, for the last week or so. There may be more wind and rain coming over the weekend. Perhaps he is from the same region.
Keep low or cut expenses; they should be on the list. Also, federal employee layoffs could add to the increase in unemployment.
I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love
All great advise.
As always, you must make yourself valuable. And sometimes, remake yourself.
Substantia tariffs can be passed on as a consumer tax and increased inflation.
Tariffs, deportation of workers, and talk of invading other countries are all pointing to high risk and inflation. Treasury markets are starting to reflect his as higher rates. This is the next market correction. People don’t believe right now, but as this is all implemented, we can expect the fantasies to fade. Hope for the best but prepare for the outcome that experience tells us will happen.
Rates are going higher because inflation has been going up for the last four months. Trump tariffs in his first term caused zero inflation . Don’t believe the narrative. The coming recession cannot be stopped no matter who won the election.
Trump2024
bro you're too good to be putting out clickbait
I guess not.
I remember telling my kids that the future for high earning is in tech. Get into tech you wont regret it. Right!
It’s going to be quite interesting to see all the social security elderly, disabled, less fortunate when the tariffs hit .
They think they are struggling now .
Good luck to all of them .
😢
That's your grandmother 👵
That's your grandfather 👴
Your aunt and uncle
Bless them 🙏 ❤️
Many elderly are struggling to stay in their homes because of homeowners taxes...our politicians know this...
I am seeing more retirees working part-time jobs..
@ They should have not voted for Billionaires
Don , Elmo , Vivek are now running the country.
Election is over. You lost. Threat of tarrifs is a negotiation tactic.
Sincerely, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone I do
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
My advisor is Melissa Terri Swayne, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
thank you for this tip , I must say, Melissa appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Yeah, I don’t know about the consumer savings accounts. My high-yield savings account dropped my interest rate the day the feds drop theirs. My bank dropped the savings rate the day before the feds drop theirs.
Why am I taking financial advice from a DEA agent from Albuquerque New Mexico?
We don't know your situation.
best Breaking Bad reference yet! LOL!
I've done everything right: seven-figure nest egg, CPP just about maxed out (I'm Canadian and we have problems of our own), zero long-term debt. I have allowances for inflation. Economic catastrophe will hurt me, but it will hurt a lot of people too.
I'm so tired of pretending that all the new tech can do the job as well as people can. The new apps they make us download often suck, and the customer assistance bots are woefully and comically adequate. It's all so frustrating. Now they will try to get AI to do too much when it's not truly ready either.
Median is not an average as it is the "middle" point of a set of data providing the center data point
The elephants in the room are: DT & EM, two humans who care little to nothing about the little guy. Narcissism runs too deeply.
Yeah ok. This is just Bidenomics coming to a head. Now that DT is ready to be inaugurated this of course will be all his fault . Most of us are awake now, try it.
You forgot Vivek.
You are wrong. It will be a rocky year but things will begin moving in a better direction for the American workers
Can you even fathom what the future of this country would have looked like if Haris would have won? She couldn't even manage a billion dollar campaign, and the money she paid celebrities, outrageous.
@@TheThiaminBlog , Because of which specific policies?
I retired from the GOV in 2009. 33 years with the government. Took early SS at 62. Still working part time (24 hrs per week) to keep busy and to get extra money. I plan on keeping this course as it is working for me. I feel badly for all the younger people that cant even get into a house purchase.
Will the local bank be a safe place to hold your money if the FDIC goes away?
Why would the FDIC go away? Govt loves banks.
@@3namechangezalowdevry90day7There has been discussion of merging the FDIC responsibilities into the Treasury dept. The FDIC agency would be closed but the FDIC insurance program would be overseen by Treasury. I don’t see it happening.
@@3namechangezalowdevry90day7 That’s one Elon’s goals. That way the government does not have to cover any loss. More budget reduction.
@@kradwonders Elon's bought himself a position but he's not the only one who can afford to buy politicians.
@@kradwonders The FDIC is insurance that the banks all pay into quarterly. Even if there was a massive wave of bank failures and they had to be bailed with taxpayer dollars, banks would have to pay that money back once they were back in business.
Stonks going down??😢😢😢
Also Listen to Rob Berger at least he wrote book about investing & is a licensed attorney and does live streams
As companies become more overvalued the expectations are high from the shareholders and in most cases some of this companies can't meet that expectation. The easiest thing to do is job layoffs.
Tech workers have multiples more earnings so I imagine that translates to larger than expected reductions in spending in the economy and much lower taxes collected for the next 2-4 years… which is going to make it even harder for the USA to pay off the debt.
Can you do a video on what we can do to protect ourselves if/when Trump gets rid of FDIC
Here we go!❤
One thing that's not counted in the unemployment are gig jobs. I set up entertainment centers, security cameras and smart home thermostats, etc for Best Buy, Home Depot and other providers and business has dropped 85% over the past 6 months. A year ago there was more work than I could handle now I'm lucky to get one job per week.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Charlotte Miller
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I'm new at this, please how can I reach her?
I NEED $100K BY THE END OF THIS YEAR FOR NEXT RENT
HOW ARE YOU GUYS MAKINGS THIS MONEY?
It was about freaking time... I've been waiting for the deals since 2020, how long does a guy have to wait?? Let's get on with the repos, evictions, and bankruptcies, I have places to be and fish to fry. 🐟
My guess is the median house hold income has fallen primarily due to retirements of baby boomers.
Probably. 2 more years of baby boomers retiring at age 62. Then it will start leveling off. Although, I see so many older boomers working. Mainly jobs at grocery stores and fast food places. Some can barely move. I guess nobody told them that social security was designed to HELP in retirement but not to fully take care of everything in retirement
Or they are working those jobs for medical until they hit 65
Thank you.
Just 2 years ago there was a for hire sign on every business. Employers were begging for workers. any workers. no matter what your skill level. What happened.
After the previous 4 years has anyone learned depending on the government is wasting your time. Definitely your money.
Thinking ones going to work for a company until 65 or 70 with a high salary is not realistic for most. Was told this 40 years ago to be ready at 55 to go. Nothing really new
Everyone said an economic storm was coming in 2023 and 2024... and now they will say, nope now it's 2025 and then they will say, nope it's 2026. It's super easy to say have six months of living expenses, when no one does.
Is this an old video?
Yet these big tech companies have spent how many billions on stock buy back? If it was lack of capital, or cheap capital, that they are laying off people they would not have done stock buybacks. The layoffs are already affecting quality at some of these tech companies, which is not good for their long term health. But at least the stock owners are making money now.
I'm cutting my debt, as well.
It'll be ok buddy
Have a drink and relax
Hi Azul, i was told last year by professional to invest in the market, i felt uneasy abt that. I have a small income with a small amt of inheritance. I cant lose a dime tbh, I want someplace where the odds are most secure and that if i need it i can get to it. Can you do a show on " safest bets". For example CDs ? Bonds? etc. tks
The vast majority of major American companies have call centres offshored 😩
Im still staying diversified. Bonds including TIPs, gold, silver, cash with about 50% stocks IMHO between previous administrations and Trumps new tariffs we will be in 1970-80 stagflation by 2nd quarter 2026. Im not anti tariffs only the ham handway trump talks about applying them is not sane.
I’ve bookmarked this video and plan to revisit it in mid-2025 to evaluate how your predictions have held up. In the relatively short time we’ve been engaged with the broader market, I’ve been struck by the sheer volume of differing perspectives on the past, present, and future state of the economy. What I find particularly concerning is the prevalence of opinions that seem abundant and easily available, often presented as “expert” advice, yet with little to no accountability for their accuracy or impact on those who rely on them.
At my national company there are 338,000 employees at my position. We have not had a raise in 2 years and now they're only offering us 1.3% we are ready to watch the system burn.
Careful what you wish for .
If you short this market by putting your finances in a defensive posture, you're liable to miss out on huge gains in 2025.
I've heard this story over and over and over. Fully understand the risk of becoming defensive and missing out on HUGE gains over the next few years b4 just doing it.
Hence the word might be.
Negative yields, bear market, & runaway housing inflation here we come. The only refuge besides housing might be long bonds.
During the pandemic, companies including mine had to over hire meaning we suddenly needed three people to do the work of two because people wanted to be home more, only wanted to work part time, or have certain days off. If you didn't give it to them they would just quit. So we over hired to put up with it and get by. Or, suddenly they wanted to work from home, only come into the office a couple of days a week. Productivity went down and my over head went up. Now that all of that stuff is over, we're laying off people we don't need, people that only want to work part time and anything we can go digital with we're do so and eliminating a person or two here and there. We have no choice, it's do that or go out of business. The cost of doing business is up 40 percent plus from where it was in 2019.
Could, might, maybe, etc. I’ll believe it when I see it. What I see right now is people spending money on all sorts of discretionary things such as restaurants, home renovations, travel, vehicles, etc. It’s still a boom out there. When that changes, people’s behavior will change. And other than the Covid blip, when was the last real recession that lasted more than six months? I think it was as far back as 2008. People are doing very well economically these days.
I got laid off in September after 8 years with the company. I'm 62. They off-shored to India.
That’s happened here in the UK for decades.
In addition to this, so many British Companies have been sold to the highest foreign bidder.
Our manufacturing industry in real terms is toast and those jobs have gone forever overseas.
Hope your situation improves soon.
What company?
Mine kept me but many of our jobs went to Philippines
The system is beginning to eat itself. You cant continually seek yr over yr over yr profit increases without ultimately imploding.
2015 lost 2nd full time job in two years. 58 years old.. Both were commodities related. Boom and bust. Lots of overtime then closed the doors. Being in commodities since 20 years old after college accustomed to moving all over U.S. to stay employed. The last two full time jobs hoped one would take me to retirement
Both went out of .busnedd . At 58, found it hard to get a job unless move again. Unfortunately
Had bought a house / jail . Looked at choices at hand..I needed to make payments, rent somewhere, then how long would that job last? So Sold childhood farm and woods. No house just 66 acres. So I paid off house, invested balance in vanguard balanced type index fund. Got a monthly income. Having no debts and living way below my means survived. Turning 67 and in 2025 will start Social security. Left previous ira investments , A lump sum pension and all 401ks alone to grow. Net worth 1.8 but its been a challenge, divorced for 22 years etc. Some women are not used to the idea of moving for employment. Made good money but lonely life. Service and gratitude has made all the difference.