this video is full of crap , nobody retires young from investing in stocks and the first thing most working class people learn if they ever invest anything into the stock market is that the market is not for working class people , its rigged in such a way that the only people who make any money in it are people who are already rich to begin with .
The sweet spot is to be able to work a job that doesn't necessarily pay the most but offers you true satisfaction and something you wake up excited to do.
@@joec5544g Not really. A hobby is something you do for fun that doesn't pay anything. If you're getting paid, even if it's not as much as what you personally would consider a "job", it's a job. Selling artwork is as much of a job as mowing lawns.
@@ponodude101 I agree but that's not what the comment said.... The "sweet spot" would be good pay and satisfaction... Not just one of them.... It's all quite vague and relative.... What does "doesn't pay the most" or "true satisfaction" even mean? I was replying more to the nature of the comment than it's content... Take care man.
@@joec5544g Hobbies cost you money. A job I was referring to is say teaching music lessons if you are a musician. Probably won't be a 6 figure job but with enough clients could pay enough to get by
I retired at 38. Some would call me a trust fund baby and did have a head start as my grandfather invested 4k in the market when I was born for college. I had a scholarship in college and had more money coming out than going in. Being frugal on a day to day basis and putting money away helped it to grow to 1.7 mil. I live a simple life and splurge on experiences and enjoy cooking which saves alot even buying high quality meats.
@@nongcalirubushe im a boring guy wake up and my dog jumps in the bed and just appreciate i have AC and get to spend a nice relaxing start to the day. Im not adhd so dont need to be stimulated all the time but like going out when the stores arnt packed. Some lawn work and gardening in the sun is nice and dont need to do it right away so waste time doing other things. Its good for me eventhough my best friend thinks im boring so might not be right for you🤷♂️
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .
Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the lady that changed my financial life.
I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Stacey Macken is a retirement manager and investment/savings expert, in ranks with Cathie woods and Warren, has demonstrated expertise in investment strategies and has been involved in managing and providing financial guidance globally
Great video. I was a process control engineer (retired 2/10/23) I would always stress test my projects just to make sure it would work under all conditions. But I am super excited about how I got retired earning more income, pay my bills after my Retirement. Earning $35k weekly, has been life changing after so much struggles.
First chick never mentioned how she stacked all that money. She's probably a trust fund kid. Why isn't she thanking her parents every second for putting her in this priveleged position? She's not smart and definitely not an investment guru who makes millions off day trades. It's ridiculous to say that she's just that lucky. 🤷 You can yell compound interest all you want, but you need to understand how many people aren't even in the position to even consider saving more than they make in order to retire by 40.
I retired at 42. Moved across the country and work 4hrs a day in a job i want in a place i want. Anyone can do it. TH-cam commenters call her stupid instead of looking inward. Thats where the stupidity is at.
@@felixhernandez9937 Occam's razor. Most people that young who got ahead and have that much invested so early did so via rich parents or a big inheritance at 18 but to your point it's not always the case. I've made most my money from investments that paid off huge around 2021 so i know it's possible.
I plan on retiring in my 50s, not planning on sitting on my bum all day watching tv, i will be traveling, volunteering, taking hikes, working out. Your health declines when you are just sitting around not doing anything, not gonna be me!
I'm 43. I didn't technically retire. I just quit my full-time job to start my design consulting business. I no longer require a lot of money to pay my bills. Mortgage is paid off. Cars paid credit cards paid. Comfortable 5-year emergency fund. My net worth is $500K. I travel and work remotely. Literally live off my rental, which is paid off. Extra side hustle money is what I choose it to be. I still invest in etfs and single stocks...😊 if I want to return working as a manufacturing designer for a company, I could go back if I want. Demand is high, but it's my choice. 😊
This is a good topic. I'm 35 years old and I don't know if the people that died earlier from that Shell report where doing all bad life decisions but my dad literally was not working when my mom had cancer, she worked her ass off until the day she died, and now my dad gets to continue enjoying life with what my mom worked so hard for. He can now get retirement pensión, but he was not working way before that, his excuse was his back hurt. 😢 It changed my perspectiva about life, work, and how life is never going to be fair. Be kind, work even if you can retire, maybe volunteer, it's undeniable that we expect to retire and have zero health issues, but usually by age 40 something is hurting...so work, invest, and don't hold back on all your dreams.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock 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.!!
My CFA Stacy Lynn Staples 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.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
I concur. In light of individual experience working with a financial adviser, I presently have over $1m in a very much enhanced portfolio that has encountered dramatic development. It's not just a matter of having money to invest in stocks. you also need to be knowledgeable, persistent, and have strong hands to support your investment
I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I initially planned to retire at 62, working part-time while saving money. But steep price increases have disrupted my plan. I wonder if those who experienced the 2008 financial crisis had it easier than my current situation. The declining stock market has lowered my income, and I'm worried that my reduced contributions will leave me with insufficient retirement savings.
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
There was a summer in college where my job didn't work out and I was living across the country, away from home. For about a month, I just slept, watched tv, and worked a part time evening job. That month was HELL. Luckily, school was started back up that fall so there was something to look forward to.
I retired early but I had a 3-year-old at the time. I have had a great time being a dad that can be there for everything. She sees me every day. There is not a day I don't take her to school, pick her up, go on every field trip and attend any function that she participates in. IMO, it's priceless.
Being unemployed and turning 39 has left me feeling lost. What chances for passive income do I have with $425,000 saved for an early retirement at the age of 50, $10,000 in an HSA, and a property that could provide an additional $200,000
I’m confused about whether to combine all my investment accounts into one. If I decide to do this, how should I go about it, and will there be any consequences I should be aware of? I also intend to sell my property, which could add an extra 200K overtime. Should I consolidate everything into one investment account, or diversify across several sectors?
These are important questions for a financial planner. I met mine at a NYSE event, and she helped my wife and i rebalance our 1.7 million portfolio between a traditional IRA and a brokerage account. She has been trading with our permission and has managed to recoup our financial losses thrice over again. We keep and manage the market cautiously.
the income tax system is set up to stop the average working class person from saving enough money to retire early . they want people to pay income tax and wait until they turn 62 to start collecting any social security payments .
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. I'm worried that rising inflation will cause my $420,000 in retirement funds to lose value. What else could we do with our money?
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Having an Investment advser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $320K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know.
I am retired (52 y/o) for almost a year now. The first 6 months were great but now I get bored. My kids are all grown and I'm divorced (not interested in getting married again). I think I may start a small business after the election, depending on who wins. Hobbies are good to have but you won't be doing those all of the time. None of my friends are retired yet so not much to do on a daily basis. I'm glad I don't have to answer to anyone anymore or go to work when I don't feel well but it's not all sunshine and roses
My dream is to “retire early” from my corporate engineering job, become a high school advanced math teacher and then spend my summers learning languages abroad full immersion. I’d love to get more intensive with my mandarin. My bf is in a field that works almost entirely remote, so he’s free to travel as well and really just needs a gym, nature, and privacy.
The continuously changing economic conditions in our society have made it necessary for thousands of peopleto find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA
@@beautifulpeopleonearth truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Katherine Nance Dietz is the licensed FA I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
glad to have stumbled upon this, curiously copied and pasted Katherine Nance Dietz on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
I’m still in the middle of watching the very beginning of the video but that first woman talking….. I’m so distracted by the fact she’s not putting very much butter or jam on that bread. Like girl you already have over $1 million put away, you don’t have to skimp on the jam.
Yeah, I’m kind of curious what factors they looked at as well. Was the job they did before retiring labor intensive causing damage? Was it because they ran out of funds with less time to build a savings? Did these people die of natural causes or accidents?(I would assume younger people are more likely to do riskier things or thrill seek than say, someone in they’re 70s) Did they remove people who got bored in retirement and got a new job/side hustle? Makes sense that they wouldn’t factor in those that died prior to being able to retire but if someone is going to die due to genetics, or the above factors, at 63, makes since they wouldn’t be in the ‘retired at 65’ group.
I retired in 2018 at 33yrs old. I enjoy the freedom to travel 2-3 times a year. My ongoing goal is keeping weight off my body. It’s too easy for me to blow up into a big honey bun. That’s the hardest part about retiring young for me.
My goal is to retire early and then spend my time fostering dogs. I agree that having a goal and something to keep you moving is the key to a fulfilled life post retirement. Hope I can get there!
I retired early, in my late 40's. I make enough to take a couple vacations every year and invest half my income for later in life. I hope to make a substantial amount off of my investments and be able to double my income and therefore double my vacations and take more local trips. Its always tough to know if you're going to have enough when you get older. Then its going to be too late to make up any short falls. I'm probably a little too restrictive in my spending, but better to be safe than sorry.
When I retire I have a million hobbies and goals to still meet. I know others who just want to avoid work then they lose their minds bc their purpose and social life is gone
People need to stop quoting the 4% “rule” if they don’t understand the studies behind it. In backtested data you could withdraw 4% BEFORE TAXES from a portfolio and not run out of money in 30 years. It also didn’t take into account investment costs so if you pay an advisor 1% a year or you choose high fee funds then you need to subtract that from the 4%. It also doesn’t take into account any other income like pensions, SS, rentals, royalties and annuities.
The 4% rule does not apply for retiring at 30 or 40 or even late 40's. It was designed for a 30 year retirement period, and most advisors when planning plan for like age 85-90. So it's applicable at 55-60 but not for much before then. At 40 you're looking at a 3% and at 35 a 2.3%, approximately.
I call it WBC- “work by choice”… have enough money to live comfortably without working for a paycheck but choose projects, investments, or other things that interest you that could make money, grow an investment, or build wealth… for example, remodeling the kitchen in a rental property yourself, etc. Personally got there in 2016 when I left the corporate world. Its a great place to be and something to work towards rather than traditional sit-on-the-beach, golf, do nothing retirement…
One of the reasons why I invest in Dividend Paying companies it’s because I want to not have to work in two jobs and find one job I enjoy better! Great video!
When I was unemployed for a year living on the government. Life was easy but I was bored most days. My career keeps life interesting, I don't know if I could retire already.
I actually agree with you on this…we aren’t built to “do nothing”… I’m going to be at “work optional” within the next three years (likely less) without millions in the portfolio (income is the way to go…imo), I hate what I’m currently doing, I will for sure be spending a few months traveling allowing my accounts to build up (the system I’ve got set up makes me more money outside the US) I’ll build something of my own once I get back. Work optional is the goal, I’m not built for stagnating I know for sure my ass would be dead in 10 years if I was just lounging around all day.
Retired. I’m 35. Live below your means just a little and you can retire way early. Edit: also, I’ve never invested, never had a 401k or anything like that at all. Just worked, stayed with my parents til I was 29, and saved money. 35 now, retired, no income whatsoever only have what I saved and I expect to be retired and never have to work a day until I die unless some crazy catastrophic event happens
@@rileybrock344 bruh, never having to ever leave a place with your parents where you never had to pay rent or bills, to each his own. You don't sound like you've hacked the system, you sound like you're unable to live by yourself and are already taking out social security because of your inability to live without supervision. How is this even a flex? Never having a real job or real responsibilities in life? What's with this Peter pan delusion 🤷
I’ve said forever that I want to get the ability to retire early but have no plans to do so. I’d like to get to a place where I can work doing something I enjoy part time in my 50-60’s and then do some traveling when I’m young enough to enjoy it at the same time and also after retirement.
I think I would like to retire no later than 45 years old. My retirement however, is just being financially secure enough to walk away whenever I want and not have to work anymore, but to continue working anyways. I like the safety of not having to work, but also enjoy working most of the time. That’s what I hoping for, “He doesn’t have to work, he’s wealthy enough. I guess he just likes to work.” is the truth I want to get across. I do think though, that my retirement will allow me (since I am not dependent on working) the ability to exercise more, sleep more, help others more. That’s what I am excited about when it comes time for retirement.
So happy I enjoy my career and feel no desire to retire early and am investing and saving. Like me. Ppl should do what makes them happy. However, ppl who are following these high pressure trends just for the sake of it trending, will end up miserable. Whatever your choice, have a plan, stay purposeful, active and constantly evolving. It is true though that retirement is associated with premature death or illness. Doesn’t mean it causes them, it just means you must have a purpose to stay alive and well even if retired.
I know a lot of people that retired in their late 40s and early 50s, with money that could afford their lifestyle. Not one of these people want to go back to work. These news outlets want you to buy into the idea of working longer, when it's just not true. After 30 to 40 years of long work hours, most people are not trying to go back to work. This would free older people up to being a grandparent or enjoying their hobby. The people I know are bowling people and they bowl multiple leagues and enjoy their grand children. The only ones that want to go back to work from my experience are the ones that retirement money doesn't support their lifestyle
I’m going to be a buzz kill, I was retired and financially independent in my mid 20s that’s only luck or being born rich. Mine was pure luck and a bit of risk. We are talking 1-5 percent and I’m being generous.
I have been investing with Fidelity for over a decade, and they have their own great equivalents of these same Vanguard funds. I think there might be less transaction fees if you go with your financial institution’s funds (FZROX, FXAIX, FDVV, etc.) It’s worth a look!
I was able to take a break from work in my 40s while my wife continued to work. Felt really good at first, but yeah the boredom started to set in especially if you don't have that "I can go wherever I want" travel money. Then, even though my wife was still working (because being at home all day would drive her insane), the financial anxiety sets in because you yourself aren't bringing any income to the household and you're just relying on your investments and your spouse's salary. Instead of shooting to retire early, focus on that financial independence goal because that's what people really want. They want the ability to not go to that job that they don't like anymore. They want the freedom to take on another job that may make them happier but may not pay as much.
my old lady and I were retired. Lol. We're in our early 30s but I was offered a consultation job that pays another 60k a year it wasn't necessary but it provides us extra income to invest and gives me something to do a few hours a day lol. Our ultimate goal is to bring in 10k a month after taxes. We at a little over 8k, and we live very comfortable, but we want to fill that small gap now for an extra cushion.
I wouldn't ever want to retire and do nothing. There are so many projects I want to do, but I have to go to work every day. I still do the projects I enjoy, I just have to be more selective and do them a little at a time. I would absolutely love to have income coming in while I work on projects towards a side business or something though.
4% rule doesn't contemplate inflation. If you set $50k per year and then we have inflation of basic necessities of 20-50% per year like we have since covid, $50k will no longer be enough to live on.
Most people retiring today (age 60+) have only 300k saved on average and they are living off of social security or a pension but as the next generations come to retirement age we will not have those same luxuries
Impressive video, the financial landscape is intricate, with forces affecting equities, stocks ,bonds, silver, gold, and Bitcoin. Economic uncertainties add complexity. Technical analysis is crucial for adaptable investment strategies. Monica Lisa Payne, with expertise in cryptocurrency and traditional trading, coupled with her holistic approach and commitment to staying current, is an essential guide in navigating this new era in the ever-evolving financial landscape..
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It's truly refreshing to see a comment about Monica Lisa Payne. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
The Army will retire you at 20 years plus benefits. Assuming you live to the average age between 78-86 your pension and benefits would be the equivalent of having a 2-5+ million annuity
My friend retired after a little more than 20 years, at around 45, and now works for the government. He gets retirement, disability, and another big paycheck. Military is a viable path to early retirement.
My cousin also retired from the government in his mid 50s when a lifetime pension plus he gets military disability and he runs an online business- so he’s still working in a way but at his own terms and doing what he loves and purpose! That’s the goal all day! Great video! Everyone needs to watch this for sure!!❤❤
The third video topic is a *huge* deal, IMO. I will continue to suggest that "FIRE" shouldn't mean you stop working, producing, or contributing to the world. It should mean you have the freedom to safely seek that out to do it on your terms. I don't think it's new information to suggest that sedentary lifestyles contibute to mortality. If you just lounge about all the time, chances are you won't last long.
That is nice but here in Europe the more money you have you also have to pay tax on your yearly investments because they see it as income 😅 so there goes your plan.
Lol considering 5% savings rate is gone. I guess that changes the arithmetic a little bit. By this time next year savings rate with be 3.5% . And considering the price of milk does not go down , I’d say don’t quit your day job if you have one
I retired "early", at 55, because lockdowns came and I, like many, thought "ah, close enough".... I use the 4% rule and love it but I think you could go 6%.. If you reitre well before 50, you may need more money than you think or inexpensive hobbies because there's A LOT of free time... Get a personal trainer/dietitian for discipline and the biggest thing: stay away from alcohol because it's "5 o'clock" all day long.😂 Good liuck!
Got my American green card at age 18, 2 months after I graduated Highschool. By age 21 I paid off a $19k car loan, age 27 bought my first home for $40k in a small town in Northern Texas, by age 32 I 100% owned 3 rentals, 3 vehicles, plus making $9k a year from dividends. Age 33 semi retired, happily working at Papa Johns delivering pizzas part time, get to enjoy weekends off and holidays with the family, can go to concerts and travel couple of times a year. It's very possible, but trust me, needs a lot of sacrifice if you start with nothing. It was torture dedicating 14yrs of your life working 70+ hrs every week, away from home. Many times I cried, wanting to quit, but my plan was working and had to be grumpy for over a decade.
Depends who you ask. For me, yes it was worth it. Just from my family, got a few stories where I easily say I'm glad I didn't do what he did: - My brother is 6 years older than me, he was the high energy social freak, he works 10-12hrs a day Monday - Saturday and on rare occasions Sundays just to survive. His only vehicle is a motorcycle because it's cheaper than a car which he cant afford, he lives in a ghetto apartments because he can't afford to live in the nicer areas, basically he says if he regrets doing what he did. - Have a cousin 3 months older than me, he also "lived a wild life" in his 20s, debt and mismanagement of his money forced him to work the oilfields since 2014 because the 3 child supports were living him with pennies doing a 50-60 factory job. Dude makes over $200k a year and he is still trying get out of his decisions well over 10 years ago. - My thoughts are, the human body starts depreciating, is it best to have fun in your 20s so you give your soul to your job in your 30s-40s where you're body starts breaking down. Or you sacrifice yours 20s so you can tone it down in your 30s and 40s so your body can be in less pain?
Thanks for the response. Very interesting in how it worked out for you and not some of your family members. Having a goal and vision is important as you demonstrated. Well done!
I'm not really interested in retiring. I'm more interested in finding a job that I enjoy and doing that for the rest of my life. As the saying goes, "If you love your job, then you'll never work a day in your life."
problem is that most jobs require a certain amount of physical ability that gets harder when we get into the 60s in age . the best jobs for old people are being a lawyer or a politician .
This is crap I know people die while still working because the job is their life. I know people work so long and die on the job which don’t make any sense. I grant you if you do retired early you must stay active that the key, you cannot lay around and do nothing they your chances are greater to die soon. The key stayed active.
Your kids and grandkids have the benefit of time to build wealth. Teaching them about being financially responsible and how to actually build wealth is more valuable than leaving them your wealth. They will never learn how to thrive on their own.
Actually, retirement sounds awful! Both my parents refused to retire and can their businesses until they died. Livedcto 80 and 89. I have no plans to sit around doing nothing but leisure. I’m planning to get up and work until m death. I’ve got stuff to do. Just going to continue to take the occasional trip abroad and grow. Retirement stunts people and kills thdm early. We were not meant to sit around. Keep your body healthy and challenges coming for an adventurous life. Just say no to retirement. It’s bs.
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I'm 51 years old nd nowhere near retirement. I don't want my son to be in my situation when he's my age. Start saving and investing when you're young.
this video is full of crap , nobody retires young from investing in stocks and the first thing most working class people learn if they ever invest anything into the stock market is that the market is not for working class people , its rigged in such a way that the only people who make any money in it are people who are already rich to begin with .
The sweet spot is to be able to work a job that doesn't necessarily pay the most but offers you true satisfaction and something you wake up excited to do.
That's called a "hobby"....
@@joec5544g Not really. A hobby is something you do for fun that doesn't pay anything. If you're getting paid, even if it's not as much as what you personally would consider a "job", it's a job. Selling artwork is as much of a job as mowing lawns.
@@ponodude101 I agree but that's not what the comment said.... The "sweet spot" would be good pay and satisfaction... Not just one of them.... It's all quite vague and relative.... What does "doesn't pay the most" or "true satisfaction" even mean? I was replying more to the nature of the comment than it's content... Take care man.
@@joec5544g Hobbies cost you money. A job I was referring to is say teaching music lessons if you are a musician. Probably won't be a 6 figure job but with enough clients could pay enough to get by
It’s even better if you enjoy what you do and paid well for it 😊
I retired at 38. Some would call me a trust fund baby and did have a head start as my grandfather invested 4k in the market when I was born for college. I had a scholarship in college and had more money coming out than going in. Being frugal on a day to day basis and putting money away helped it to grow to 1.7 mil. I live a simple life and splurge on experiences and enjoy cooking which saves alot even buying high quality meats.
I can appreciate that you see the headstart you got, but as you pointed, you still needed to be frugal. Good for you that's awesome!
Phenomenal. Out of curiosity how do you spend your day? I'm scared of being bored in retirement. Enjoy!❤
@@nongcalirubushe im a boring guy wake up and my dog jumps in the bed and just appreciate i have AC and get to spend a nice relaxing start to the day. Im not adhd so dont need to be stimulated all the time but like going out when the stores arnt packed. Some lawn work and gardening in the sun is nice and dont need to do it right away so waste time doing other things. Its good for me eventhough my best friend thinks im boring so might not be right for you🤷♂️
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .
Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the lady that changed my financial life.
I've seen different people talking about this Stacey Macken she must be very amazing for people to talk this good about her.
That woman has changed my life for good. I attended her investment class couple of weeks and she's the best when it comes for guidance
I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Stacey Macken is a retirement manager and investment/savings expert, in ranks with Cathie woods and Warren, has demonstrated expertise in investment strategies and has been involved in managing and providing financial guidance globally
Great video.
I was a process control engineer (retired 2/10/23) I would always stress test my projects just to make sure it would work under all conditions. But I am super excited about how I got retired earning more income, pay my bills after my Retirement. Earning $35k weekly, has been life changing after so much struggles.
Only God knows how much grateful i am. I now own a new house and my family is happy once again everything is finally falling into place!!
Strange choice of video for you as you're on 35k per week .. hmmmm
Hello how do you make such weekly??
I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
@@LyndsayHelbing45 Nick Syiek! I really appreciate his efforts and transparency.
God has used him to save so many families. I remember when I met him at the bank, he is indeed a good man.
First chick never mentioned how she stacked all that money. She's probably a trust fund kid. Why isn't she thanking her parents every second for putting her in this priveleged position?
She's not smart and definitely not an investment guru who makes millions off day trades. It's ridiculous to say that she's just that lucky. 🤷
You can yell compound interest all you want, but you need to understand how many people aren't even in the position to even consider saving more than they make in order to retire by 40.
My thoughts exactly, likely fact
Some person who grows up with poor parents are not going to retire by 40 unless you invent some gamechanging product or service
I retired at 42. Moved across the country and work 4hrs a day in a job i want in a place i want. Anyone can do it. TH-cam commenters call her stupid instead of looking inward. Thats where the stupidity is at.
@@eliotness107loser talk keeps you there
@@felixhernandez9937 Occam's razor. Most people that young who got ahead and have that much invested so early did so via rich parents or a big inheritance at 18 but to your point it's not always the case. I've made most my money from investments that paid off huge around 2021 so i know it's possible.
I plan on retiring in my 50s, not planning on sitting on my bum all day watching tv, i will be traveling, volunteering, taking hikes, working out. Your health declines when you are just sitting around not doing anything, not gonna be me!
I'm 43. I didn't technically retire. I just quit my full-time job to start my design consulting business. I no longer require a lot of money to pay my bills. Mortgage is paid off. Cars paid credit cards paid. Comfortable 5-year emergency fund. My net worth is $500K. I travel and work remotely. Literally live off my rental, which is paid off. Extra side hustle money is what I choose it to be. I still invest in etfs and single stocks...😊 if I want to return working as a manufacturing designer for a company, I could go back if I want. Demand is high, but it's my choice. 😊
This is a good topic. I'm 35 years old and I don't know if the people that died earlier from that Shell report where doing all bad life decisions but my dad literally was not working when my mom had cancer, she worked her ass off until the day she died, and now my dad gets to continue enjoying life with what my mom worked so hard for. He can now get retirement pensión, but he was not working way before that, his excuse was his back hurt. 😢
It changed my perspectiva about life, work, and how life is never going to be fair. Be kind, work even if you can retire, maybe volunteer, it's undeniable that we expect to retire and have zero health issues, but usually by age 40 something is hurting...so work, invest, and don't hold back on all your dreams.
Was he Puerto Rican? Sounds like a lot of Puerto Ricans I know 😂 but sorry to hear that and I feel you
It's usually the reverse. Men are the ones who typically work until they die and the wife benefits from his hard work
@@fernandohernandezjr5696 no he wasn't, but that is a very sad way of living...
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock 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.!!
My CFA Stacy Lynn Staples 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.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
I concur. In light of individual experience working with a financial adviser, I presently have over $1m in a very much enhanced portfolio that has encountered dramatic development. It's not just a matter of having money to invest in stocks. you also need to be knowledgeable, persistent, and have strong hands to support your investment
That's an intriguing outcome. How can I contact your Asset manager?
I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I initially planned to retire at 62, working part-time while saving money. But steep price increases have disrupted my plan. I wonder if those who experienced the 2008 financial crisis had it easier than my current situation. The declining stock market has lowered my income, and I'm worried that my reduced contributions will leave me with insufficient retirement savings.
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her.
There was a summer in college where my job didn't work out and I was living across the country, away from home. For about a month, I just slept, watched tv, and worked a part time evening job. That month was HELL. Luckily, school was started back up that fall so there was something to look forward to.
I retired early but I had a 3-year-old at the time. I have had a great time being a dad that can be there for everything. She sees me every day. There is not a day I don't take her to school, pick her up, go on every field trip and attend any function that she participates in. IMO, it's priceless.
Retired at 37. It’s been awesome.
Being unemployed and turning 39 has left me feeling lost. What chances for passive income do I have with $425,000 saved for an early retirement at the age of 50, $10,000 in an HSA, and a property that could provide an additional $200,000
It makes sense to consider hiring a financial advisor at this point, but delaying retirement for a bit might be a more prudent choice
I’m confused about whether to combine all my investment accounts into one. If I decide to do this, how should I go about it, and will there be any consequences I should be aware of? I also intend to sell my property, which could add an extra 200K overtime. Should I consolidate everything into one investment account, or diversify across several sectors?
These are important questions for a financial planner. I met mine at a NYSE event, and she helped my wife and i rebalance our 1.7 million portfolio between a traditional IRA and a brokerage account. She has been trading with our permission and has managed to recoup our financial losses thrice over again. We keep and manage the market cautiously.
That is impressive! my portfolio has remained stagnate. Who is guiding you please?
Monica Lisa Payne. She is well known, so you can look her up online
FIRE: financially independent, recreationally employed
I’ve also heard FINE- financially independent next endeavor
The majority of people could retire by 40-50 but they spend every dollar they make and then wonder why they aren’t getting ‘ahead’..
the income tax system is set up to stop the average working class person from saving enough money to retire early . they want people to pay income tax and wait until they turn 62 to start collecting any social security payments .
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. I'm worried that rising inflation will cause my $420,000 in retirement funds to lose value. What else could we do with our money?
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
To be honest, investing is a smart way of securing your family future, grow wealth and beat inflation
Consider seeking guidance from a financial advisor or a trading mentor to provide signal and also help you out with trade.
Having an Investment advser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $320K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know.
Please can you leave the info of your Investment advsor here? I'm in dire need for one.
I never plan to ever retire. My money now will be shit in years to come.
My uncle told me about the FIRE movement. If the end of the year goes to plan I'll be retired before 45.
I am retired (52 y/o) for almost a year now. The first 6 months were great but now I get bored. My kids are all grown and I'm divorced (not interested in getting married again). I think I may start a small business after the election, depending on who wins. Hobbies are good to have but you won't be doing those all of the time. None of my friends are retired yet so not much to do on a daily basis. I'm glad I don't have to answer to anyone anymore or go to work when I don't feel well but it's not all sunshine and roses
I'm nearly 52 and will be working until at least 67.
My dream is to “retire early” from my corporate engineering job, become a high school advanced math teacher and then spend my summers learning languages abroad full immersion. I’d love to get more intensive with my mandarin.
My bf is in a field that works almost entirely remote, so he’s free to travel as well and really just needs a gym, nature, and privacy.
Good video. Standard boiler plate - Save for retirement, stay healthy, pay stuff off, avoid CC debt, etc. Well presented with examples.
Money is just freedom .
so is being homeless .
The continuously changing economic conditions in our society have made it necessary for thousands of peopleto find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA
@@beautifulpeopleonearth truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Katherine Nance Dietz is the licensed FA I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
glad to have stumbled upon this, curiously copied and pasted Katherine Nance Dietz on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
I’m still in the middle of watching the very beginning of the video but that first woman talking….. I’m so distracted by the fact she’s not putting very much butter or jam on that bread. Like girl you already have over $1 million put away, you don’t have to skimp on the jam.
Uhh…that’s why she has a million and you don’t!🤣
@@PBEl-mj4en you really took the time to type that out and post it. Smh.
Frugal she is......
In regard to the shell study- how many of those people retired early due to health issues?
Yeah, I’m kind of curious what factors they looked at as well.
Was the job they did before retiring labor intensive causing damage? Was it because they ran out of funds with less time to build a savings? Did these people die of natural causes or accidents?(I would assume younger people are more likely to do riskier things or thrill seek than say, someone in they’re 70s) Did they remove people who got bored in retirement and got a new job/side hustle?
Makes sense that they wouldn’t factor in those that died prior to being able to retire but if someone is going to die due to genetics, or the above factors, at 63, makes since they wouldn’t be in the ‘retired at 65’ group.
Great content man! 100% spot on. 👏🏻
I retired in 2018 at 33yrs old. I enjoy the freedom to travel 2-3 times a year. My ongoing goal is keeping weight off my body. It’s too easy for me to blow up into a big honey bun. That’s the hardest part about retiring young for me.
My goal is to retire early and then spend my time fostering dogs. I agree that having a goal and something to keep you moving is the key to a fulfilled life post retirement. Hope I can get there!
I retired early, in my late 40's. I make enough to take a couple vacations every year and invest half my income for later in life. I hope to make a substantial amount off of my investments and be able to double my income and therefore double my vacations and take more local trips. Its always tough to know if you're going to have enough when you get older. Then its going to be too late to make up any short falls. I'm probably a little too restrictive in my spending, but better to be safe than sorry.
When I retire I have a million hobbies and goals to still meet. I know others who just want to avoid work then they lose their minds bc their purpose and social life is gone
Many people retired early because of bad health, making those statistics out of whack.
Good point.
This is your best video, JJ. Nice work 👏 There are a lot of nuggets of wisdom here.
Appreciate that! Thanks for watching!
While is was working at Blockbuster and Sonic I should have been investing instead of eating and paying rent at 19 years old. Stupid me. Thank you
People need to stop quoting the 4% “rule” if they don’t understand the studies behind it. In backtested data you could withdraw 4% BEFORE TAXES from a portfolio and not run out of money in 30 years. It also didn’t take into account investment costs so if you pay an advisor 1% a year or you choose high fee funds then you need to subtract that from the 4%. It also doesn’t take into account any other income like pensions, SS, rentals, royalties and annuities.
The 4% rule does not apply for retiring at 30 or 40 or even late 40's. It was designed for a 30 year retirement period, and most advisors when planning plan for like age 85-90. So it's applicable at 55-60 but not for much before then. At 40 you're looking at a 3% and at 35 a 2.3%, approximately.
I call it WBC- “work by choice”… have enough money to live comfortably without working for a paycheck but choose projects, investments, or other things that interest you that could make money, grow an investment, or build wealth… for example, remodeling the kitchen in a rental property yourself, etc. Personally got there in 2016 when I left the corporate world. Its a great place to be and something to work towards rather than traditional sit-on-the-beach, golf, do nothing retirement…
Trust Fund or a big inheritance! 😮
I have made a lot of research concerning crypto market but I haven't gotten the fundamentals step to get started. I wish I can get the help of a pro.
For a couple of time now, I have a strong desire to earn in digital currency but I don't know how to go about it.
I have made a Lot of mistakes trying to do it on my own, I really need direction or help of a pro in the field.
Wow, you guys are discussing about the same thing in my mind what a coincidence. Hahaha . I bought couple of crypto Like Shiba Inu, BNB, XRP & ADA.
But, I have Lost so much money on them trying to keep for a Long time. I need to take a different direction, I don't mind if taking risk is involved.
I suggest, Clara Flint, she is extremely good on that.
Love from Palm Beach
One of the reasons why I invest in Dividend Paying companies it’s because I want to not have to work in two jobs and find one job I enjoy better! Great video!
There's so little good quality work these days that I don't blame people for wanting out earlier.
When I was unemployed for a year living on the government. Life was easy but I was bored most days. My career keeps life interesting, I don't know if I could retire already.
I retired at 33 years old i am 37 years old now.
I actually agree with you on this…we aren’t built to “do nothing”… I’m going to be at “work optional” within the next three years (likely less) without millions in the portfolio (income is the way to go…imo), I hate what I’m currently doing, I will for sure be spending a few months traveling allowing my accounts to build up (the system I’ve got set up makes me more money outside the US) I’ll build something of my own once I get back.
Work optional is the goal, I’m not built for stagnating I know for sure my ass would be dead in 10 years if I was just lounging around all day.
If you don’t want to retire early, having that option would ease a lot of stress
Retired. I’m 35. Live below your means just a little and you can retire way early.
Edit: also, I’ve never invested, never had a 401k or anything like that at all. Just worked, stayed with my parents til I was 29, and saved money. 35 now, retired, no income whatsoever only have what I saved and I expect to be retired and never have to work a day until I die unless some crazy catastrophic event happens
True! Increasing your savings rate will get you there that much faster!
@@rileybrock344 bruh, never having to ever leave a place with your parents where you never had to pay rent or bills, to each his own. You don't sound like you've hacked the system, you sound like you're unable to live by yourself and are already taking out social security because of your inability to live without supervision.
How is this even a flex? Never having a real job or real responsibilities in life? What's with this Peter pan delusion 🤷
First chick just has to ask nicely, and maybe her rich daddy or sugar daddy will give it to her 😂
Invest your money! You could be making minimum 7% a year off your money just sitting there…
You lived with your parents until 29 so you could work for six years and then retire? I guess good for you but what the hell
I’ve said forever that I want to get the ability to retire early but have no plans to do so. I’d like to get to a place where I can work doing something I enjoy part time in my 50-60’s and then do some traveling when I’m young enough to enjoy it at the same time and also after retirement.
I think it depends with retirement. Robert Kiyosaki retired at 47 and he is now 77.
But he certainly does not sit around all day doing nothing either
I think I would like to retire no later than 45 years old. My retirement however, is just being financially secure enough to walk away whenever I want and not have to work anymore, but to continue working anyways. I like the safety of not having to work, but also enjoy working most of the time.
That’s what I hoping for, “He doesn’t have to work, he’s wealthy enough. I guess he just likes to work.” is the truth I want to get across. I do think though, that my retirement will allow me (since I am not dependent on working) the ability to exercise more, sleep more, help others more. That’s what I am excited about when it comes time for retirement.
So happy I enjoy my career and feel no desire to retire early and am investing and saving. Like me. Ppl should do what makes them happy.
However, ppl who are following these high pressure trends just for the sake of it trending, will end up miserable. Whatever your choice, have a plan, stay purposeful, active and constantly evolving.
It is true though that retirement is associated with premature death or illness. Doesn’t mean it causes them, it just means you must have a purpose to stay alive and well even if retired.
I know a lot of people that retired in their late 40s and early 50s, with money that could afford their lifestyle. Not one of these people want to go back to work. These news outlets want you to buy into the idea of working longer, when it's just not true. After 30 to 40 years of long work hours, most people are not trying to go back to work. This would free older people up to being a grandparent or enjoying their hobby. The people I know are bowling people and they bowl multiple leagues and enjoy their grand children. The only ones that want to go back to work from my experience are the ones that retirement money doesn't support their lifestyle
When I retire early I’m going to volunteer my time to helping others
I’m going to be a buzz kill, I was retired and financially independent in my mid 20s that’s only luck or being born rich. Mine was pure luck and a bit of risk. We are talking 1-5 percent and I’m being generous.
If I open Roth IRA with Fidelity, can I still invest directly into the Vanguard ETFs (VOO, VGT, VYM etc.) ??
Yep!
I have been investing with Fidelity for over a decade, and they have their own great equivalents of these same Vanguard funds. I think there might be less transaction fees if you go with your financial institution’s funds (FZROX, FXAIX, FDVV, etc.) It’s worth a look!
you can invest in anything. One of the big wig investors actually has a billion in his ROTH.
I can’t wait to retire!! Work does not fulfill me.
Financially I do not know when it will happen. I’m ready to be at my own beckon call.
I’m almost 48 and not looking for a second act.
I think people are crazy to retire so early and NEED market returns in order for the numbers to work.
I was able to take a break from work in my 40s while my wife continued to work. Felt really good at first, but yeah the boredom started to set in especially if you don't have that "I can go wherever I want" travel money. Then, even though my wife was still working (because being at home all day would drive her insane), the financial anxiety sets in because you yourself aren't bringing any income to the household and you're just relying on your investments and your spouse's salary. Instead of shooting to retire early, focus on that financial independence goal because that's what people really want. They want the ability to not go to that job that they don't like anymore. They want the freedom to take on another job that may make them happier but may not pay as much.
my old lady and I were retired. Lol. We're in our early 30s but I was offered a consultation job that pays another 60k a year it wasn't necessary but it provides us extra income to invest and gives me something to do a few hours a day lol. Our ultimate goal is to bring in 10k a month after taxes. We at a little over 8k, and we live very comfortable, but we want to fill that small gap now for an extra cushion.
I wouldn't ever want to retire and do nothing. There are so many projects I want to do, but I have to go to work every day. I still do the projects I enjoy, I just have to be more selective and do them a little at a time. I would absolutely love to have income coming in while I work on projects towards a side business or something though.
4% rule doesn't contemplate inflation. If you set $50k per year and then we have inflation of basic necessities of 20-50% per year like we have since covid, $50k will no longer be enough to live on.
Most people retiring today (age 60+) have only 300k saved on average and they are living off of social security or a pension but as the next generations come to retirement age we will not have those same luxuries
I've been retired since I was born. Now I have to go back to work at 18 because I'm bored of doing the same thing over and over again. 😊
Impressive video, the financial landscape is intricate, with forces affecting equities, stocks ,bonds, silver, gold, and Bitcoin. Economic uncertainties add complexity. Technical analysis is crucial for adaptable investment strategies. Monica Lisa Payne, with expertise in cryptocurrency and traditional trading, coupled with her holistic approach and commitment to staying current, is an essential guide in navigating this new era in the ever-evolving financial landscape..
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It's truly refreshing to see a comment about Monica Lisa Payne. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
That woman at 13:00 has one of the most grating voices I've ever heard
These are the kind of videos i like, using the stock market to retire early. I can't stand the 9-5 rat race.
The Army will retire you at 20 years plus benefits.
Assuming you live to the average age between 78-86 your pension and benefits would be the equivalent of having a 2-5+ million annuity
My friend retired after a little more than 20 years, at around 45, and now works for the government. He gets retirement, disability, and another big paycheck. Military is a viable path to early retirement.
My cousin also retired from the government in his mid 50s when a lifetime pension plus he gets military disability and he runs an online business- so he’s still working in a way but at his own terms and doing what he loves and purpose! That’s the goal all day! Great video! Everyone needs to watch this for sure!!❤❤
cool growlith!
Hyper Inflation 💸 will eat away from your savings and investments 💰! So you can never 👎 retire ! Ha ! Ha ! Ha ! Hilarious 🤣
My retirement job is to buy, restore, and sell classic cars. That will fulfill my purpose and keep me going.
The third video topic is a *huge* deal, IMO. I will continue to suggest that "FIRE" shouldn't mean you stop working, producing, or contributing to the world. It should mean you have the freedom to safely seek that out to do it on your terms. I don't think it's new information to suggest that sedentary lifestyles contibute to mortality. If you just lounge about all the time, chances are you won't last long.
That is nice but here in Europe the more money you have you also have to pay tax on your yearly investments because they see it as income 😅 so there goes your plan.
Lol considering 5% savings rate is gone. I guess that changes the arithmetic a little bit. By this time next year savings rate with be 3.5% . And considering the price of milk does not go down , I’d say don’t quit your day job if you have one
I retired "early", at 55, because lockdowns came and I, like many, thought "ah, close enough".... I use the 4% rule and love it but I think you could go 6%.. If you reitre well before 50, you may need more money than you think or inexpensive hobbies because there's A LOT of free time... Get a personal trainer/dietitian for discipline and the biggest thing: stay away from alcohol because it's "5 o'clock" all day long.😂 Good liuck!
Work is modern slavery,Im a dual citizen - I plan on taking my money I make in U.S to live in my lower cost of living country.
Delusions of grandeur
How do most of you guys still make Money/Profits, even with the downturn of the economy and ever increasing life standards
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
This is correct, Anita Fred strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Anita is considered a key Crypto Strategist with one of the best copy Trading portfolio and also very active in the cryptocurrency space.
Isn't that the same Anita Fred that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I retired at 25 and am now 45 I love every minute I get to spend with my family and friends over working.
Talk about the small % of the audience that can even achieve the millions in investments. 64% of Americans are living check to check.
Got my American green card at age 18, 2 months after I graduated Highschool. By age 21 I paid off a $19k car loan, age 27 bought my first home for $40k in a small town in Northern Texas, by age 32 I 100% owned 3 rentals, 3 vehicles, plus making $9k a year from dividends. Age 33 semi retired, happily working at Papa Johns delivering pizzas part time, get to enjoy weekends off and holidays with the family, can go to concerts and travel couple of times a year. It's very possible, but trust me, needs a lot of sacrifice if you start with nothing. It was torture dedicating 14yrs of your life working 70+ hrs every week, away from home. Many times I cried, wanting to quit, but my plan was working and had to be grumpy for over a decade.
Serious question, was it worth it? Your early years are best to be experienced in my belief
Depends who you ask. For me, yes it was worth it. Just from my family, got a few stories where I easily say I'm glad I didn't do what he did:
- My brother is 6 years older than me, he was the high energy social freak, he works 10-12hrs a day Monday - Saturday and on rare occasions Sundays just to survive. His only vehicle is a motorcycle because it's cheaper than a car which he cant afford, he lives in a ghetto apartments because he can't afford to live in the nicer areas, basically he says if he regrets doing what he did.
- Have a cousin 3 months older than me, he also "lived a wild life" in his 20s, debt and mismanagement of his money forced him to work the oilfields since 2014 because the 3 child supports were living him with pennies doing a 50-60 factory job. Dude makes over $200k a year and he is still trying get out of his decisions well over 10 years ago.
- My thoughts are, the human body starts depreciating, is it best to have fun in your 20s so you give your soul to your job in your 30s-40s where you're body starts breaking down. Or you sacrifice yours 20s so you can tone it down in your 30s and 40s so your body can be in less pain?
Thanks for the response. Very interesting in how it worked out for you and not some of your family members. Having a goal and vision is important as you demonstrated. Well done!
The reason people die after they retire is because they lose sense of purpose and it’s also because they neglected their health
They drink too much.
First girl seems very suspicious how did she get that much money by such a young age.
If I was in FIRE, I would go get my black belt in BJJ
How boring to retire early. I'd rather keep contributing to society and retire in my late 50s/ early 60s.
If you regire early and get bored...
...thats a 1st world problem, own it
I’ll retire at 55 and die at 85 and a half then or maybe 86 and a half one of ‘em
lol yeah don’t get married don’t have kids make two hundred thousand a year
The stock market is corrupt and there won't be a world left for you to retire to.
I’ll retire in 6 years when AI 🤖 take all the jobs ….2030 loading 😑🥴😂
I'm not really interested in retiring. I'm more interested in finding a job that I enjoy and doing that for the rest of my life. As the saying goes, "If you love your job, then you'll never work a day in your life."
problem is that most jobs require a certain amount of physical ability that gets harder when we get into the 60s in age . the best jobs for old people are being a lawyer or a politician .
@@marleonetti7 well, my ideal job would be to make my own comic books and pay for them through crowdfunding. So, not much physical stress there.
This is crap I know people die while still working because the job is their life. I know people work so long and die on the job which don’t make any sense. I grant you if you do retired early you must stay active that the key, you cannot lay around and do nothing they your chances are greater to die soon. The key stayed active.
I want generational wealth for my children and future grandkids. I judge people that retire so early with only the bare minimum 1-2 million saved.
Something to consider is that some people don't have kids (i dont) and feel less need to have a large amount of wealth when they pass away
Generational idiocracy more like it
1-2 million is not bare minimum. 200k is more like a bare minimum. 😂
Your kids and grandkids have the benefit of time to build wealth. Teaching them about being financially responsible and how to actually build wealth is more valuable than leaving them your wealth. They will never learn how to thrive on their own.
Alg
I'm 72 and working at a hospital. I will never retire.
Actually, retirement sounds awful! Both my parents refused to retire and can their businesses until they died. Livedcto 80 and 89. I have no plans to sit around doing nothing but leisure. I’m planning to get up and work until m death. I’ve got stuff to do. Just going to continue to take the occasional trip abroad and grow. Retirement stunts people and kills thdm early. We were not meant to sit around. Keep your body healthy and challenges coming for an adventurous life. Just say no to retirement. It’s bs.