Sample retirement plan for 50 year old getting late start.
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- เผยแพร่เมื่อ 31 ก.ค. 2024
- Today we're focused on an article that said 20% of those over 50 have no plans to stop working because they don't think they can. Dustin will work up an example plan to show how even though you may retire a little later you can still retire with the income you need.
We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money.
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Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around $300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
this is great! mind if I look up the consultant that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
I work with Sharon Lee Peoples 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.
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.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
I’ve been worried sick about the current state of my portfolio, who is your advisor?
Sonya Lee Mitchell has always been on 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.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
My $700k retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate Peace? I don’t want to fail after 22 years of working hard.
Do you plan on retiring before 59?
That is what determines it for me. I switched to cash flowing assets because I wanted to retire early
At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
@@greekbarrios It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
She goes by ''Jennifer Leigh Hickman'' a renowned figure in the financial industry with over two decades of experience. I'd suggest you research her further on the internet.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
My CFA ’ANGELA LYNN SCHILLING’ , 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 saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
Thank you for providing such valuable information. It's exactly what I needed to hear. Both my wife and I serve as directors for our farm business, and we also own property along with our small pensions. As I approach the age of 55 and my wife is 52, we have initiated our savings journey towards retirement from the farm. Our aim is to potentially rely on rental income to support our retirement lifestyle. I would greatly appreciate it if you could organize a live session where you discuss strategies for earning passive income online and achieving a comfortable retirement, with a target goal of $1M.
It isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing
@@Lemariecooper I completely agree with your perspective. As a newly retired individual at the age of 60, I have accumulated approximately 1.2 million in funds outside of my retirement accounts. I have managed to remain debt-free, and in comparison, the balance in my retirement funds is relatively small when considering my overall portfolio growth over the past three years until the present time. To be honest, the importance of an investment advisor cannot be disregarded; it is crucial. However, it is essential to conduct thorough research in order to find a reputable advisor.
@@Erikkurilla01 That's truly impressive! I would greatly appreciate some information about your financial advisor. I'm currently seeking to make positive changes to my finances this year as well, and it would be beneficial to explore potential options.
@@Erikkurilla01 I appreciate the tip you provided. It was straightforward to locate information about your coach, and I conducted thorough research on her before arranging a phone call. Her résumé indicates that she possesses considerable expertise, making her appear highly proficient in her field.
Retirement is not an end, but a new beginning.Your dedication today will pave the way for a future filled with financial security and the freedom to pursue your passions.Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..
Congrats on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.
@@Alexedmartin.
@@donaldgaff2271 I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot .
This was of so much help to me
@@donaldgaff2271 You are right, I am one of many who has benefited from investing with Regina Louise Collaro. 2020 is an unforgettable year in my life, back then I lost my job due to covid and had no reason to live. Regina made a good life possible for me through passive income and I owe her my life. To be honest, I feel like she is an angel of who was sent to help those who are suffering financially.
Scammer alert
No matter how old you are, it's never too late to start saving.
Wow, that just changed my life. Thank you so much Dustin.
Thank you for lifting that dark cloud!! There is hope for me!
Thank you for thinking of us older population!! 💖💖💖
Good one, people always says it's too late. It's not, investment is for anyone at any age.
I love you
@K Maxx That means savings AND yielding returns of over $125k per year AFTER taxes even if they have things like mortgages, children, and other liabilities that they must keep paying down. I'd love to know how that can be done, as some of us are not getting smarter or younger when it comes to getting and keeping knowledge in this head.
I basically retired at various points in my 30’s and 40’s so at 51 I basically envision working until 65 at least…it is what it is…most likely I die first…again, it is what it is
I started my 401(k) at age 54 around 16-months ago. Putting 10% plus a 3% match. Current balance is a little over $30k. If I can work until age 70 I'll have around $750k (assuming I increase contributions by 1% each year and get a 3% raise each year). I am a statistician, so I have very accurately run the numbers. I'm a T1 diabetic, so I know I will not have a long retirement. Have around $500k life insurance to support my wife if I die first, and never had kids. My circumstance is certainly not everyone else's.
54 and only doing 10% with only $30k balance?
You need to up that sense of urgency. Scale back, get another line of income via part time job, but you need to be maxing it out + catch-up.
I’m 50 and was lax about it. $25k this year and done the math/budget to get $33,000 with company match, plus $7500 in Roth.
Maxed out 401k, Roth IRA & HSA 3 years running now. Over $100k increase & it’s still behind.
$750k isn’t enough, and thinking will be working till 70 with your health?
I’ve run the numbers too, and in 4 years I’m concerned that the $40k pace I’ve been contributing won’t be enough.
In the 1990s, my dad left my mom $350k in life insurance. It was gone in 5 years. A $500k policy isn’t enough.
Sincere-good luck.
@@ThorMaximusmove over seas Your money will go further
Under promise over deliver. Thank you for a realistic view in worst case type of case.
The numbers are daunting. Many people do not have enough. Good information. I teach people about retirement and leaving a legacy. Unfortunately so many people start thinking about retirement very late.
As we age we must work smarter not harder
I'm saving over a mil and never going to stop working out of preference. I'm already set for standard retirement. Now we need to move that age down.
I’m gonna turn 50 this year and this video gave me hope for a not so gloom next stage. Thank you 🥰🥰🥰
You will be happy you started now when the time comes... and even a few hundred thousand can go a long way - especially in foreign countries where you can live a very high standard of living off of just 1500$ a month.
Money as we know it is about to change, digital currencies are taking over. While the fiat money is subject to inflation and is controlled by banks and other financial organizations, digital currencies like bitcoin, ethereum have a fixed supply and are completely decentralized. Investing in digital currencies will be a way of safe guarding a future of financial freedom. More and more organizations a beginning to transact with digital currencies, the world is fast changing. As a matter of fact digital assets are gaining so much traction as they are not subject to political influence. Investments like stock and forex has become profitable and very good options in securing a better financial life.
Many top dogs out there do it, I mean that's why they are the "TOP". I really feel everyone looking to get some financial security should make investments. Although I don't manage or make investments myself LOL I let expert do all the analysis and calculations. He's really good and experienced. With Mr Pierre Robertson your profit is assured, working with him has been a very wonderful experience you can reach him on WhatsAp @1 614 362 6424
@sam nelly Sure you can, the forex market is always profitable and timeless it depends on the skill of your broker and your willingness to invest what can yield you a better ROI
@sam nelly I would say you should go ahead its never too late to start
@@JordanKaufman I live on that now
and well
Just have to learn how
Thank you. Nice work. You are always positive 👍
I love your vibe, my man. Thanks for keeping it positive, encouraging and possible. Thumbs up, for sure! 👍🏽👍🏽👍🏽💕💕💕
Positive, upbeat, informative, and I really like your magic board :) Subbed!
I am self-employed and no matter how much wealth I accumulate, I will never stop working. All men have to be working on something. Without work, a man shrivels up and dies.
i'm working your wife, bruh.
Good information... I deal with people all the time that say they can't retire here in Florida...
THANK YOU for making this so hopeful ~ b/c A LOT of people who are 50+ feel like they just can't make it if they haven't started already ~ we're in between ~ meaning ~ we didn't start until 46 yrs and now we have a net worth of about $700K but that includes 4 rentals. But only 2 pays us ~ we're always having to evict someone. SMH
You are great. Positive. Love it. Thanks!
Thank you very much! Finally someone make a video explaining so clearly about this matter. God bless you my friend.
Great commonsense approach, founded on realities. Good job.
A little positive spin on the situation. That's something we all can use.
Well done! Easy to understand and implement. Thank you.
Thank you so much! I’m 49, waitressed my whole life & have very little saved. I just began a job w a 401k & am taking your advice. Blessings
I am 61 and just starting my Roth make up plan, just found your channel giving me lots of hope, thank you.
@NonyaBusiness! Where would the medical needs be taken care of? Money is one thing but if you don'y]t have access to medicaid or the age for medicare what would be that foreign option.
NonyaBusiness! Definitely not Panamá. It use to be cheap but hasn’t been as of 10 years now. I’m from there and can give you examples.
@NonyaBusiness! :
Thank you for that info. Might have to seriously consider that idea
@@daddy2blue :
That is easy to answer. If in Europe, you would get FREE medical care for life.
@@daddy2blue :
That is easy to answer. If in Europe, you would get FREE medical care for life.
This is great information. Thanks!
Took a major weight off my shoulders - thank you !
I am a new subscriber. I have watched this video several times. It serves as an incentive and inspiration for me. I have begun aggressively saving toward retirement. I have deliberately not listened to people that tell me I need one or two million to retire. That seems like to high a threshold for a late bloomer like me. I love your can do attitude. It has me looking for more ways to cut expenses to put toward retirement. I have a 5 year goal in mind and a 10 year goal beyond that. I am looking forward to making these goals happen with some discipline and God's help!
Thanks Dustin very motivating love to see the numbers makes it sink in alittle more.
Great video. Thanks Dustin 👍🏾👍🏾
Great information! Thank you for sharing! 👍
Thanks for the hope!
Great job giving people hope!
Hope? How about faith....hope is a pipe dream!
Very hopeful, thanks!
Thank you so much for this video!
Good video, i am 53 and have $300,000 saved contributing max 401k/yr.... hope to retire at 62 with $60k annual. Haven’t ran the numbers just contributions as much as I possibly can afford
Great to learn it’s possible to retire young!
You know.... I don't know how many times I have watched you.
A lot.
I'm so glad I found this video!
I started late too but going to get to FI in less than 10 years hopefully.
Age discrimination is real, even if you are healthy and can still work, very few people want a 60 year old employee.
Two words "Social Security". I know what you are thinking, ' the government pissed that money away". In part you are right, but then again 'grandpa' we want you to retire. Call it "Age Discrimination" , there are just some jobs you physically can not do. It is not that you are unhealthy, but if I ask a 60 year old man to lift the thing at the rate I TELL a 21 year man to lift a thing. You may have a heart attack. It is just a reality......The counter to that is young people dont want to work, and I know some old farmers who will out work the shit out of some kids. They just dont want to, but those damn kids cant keep up.
It doesn't matter, whether it's because of age discrimination or lower physical abilities - the end result is that older people may not be able to work, even if they wanted to.
You are supposed to learn how to do things more efficiently and have a store of knowledge as you age. I may not be able to lift what I once could, but I know many different ways to move what I need to move that are actually easier and safer than lifting. But really, if you're 60 and your job is to lift heavy things, then you probably aren't going to retire anyway.
Really depends on what kind of shape you are in
Anthony C REALLY? I was hired as a flight attendant at 60😁
Also for some additional optimism if the person delays taking social security until 70 they will get 24% additional annual income due to delaying it.
Love this Dustin!
I really needed to see and hear this. I'm basically starting over from this point and have read a lot of the articles he was talking about. Thank you for bring me back to a hopeful place
This is all great! HONESTLY. But if you want REAL #'s take the $50K completely out and start at 50 with ABSOLUTELY ZERO if you want whats REALLY happening out there! But seriously, you have good stuff here.
Correct. Also, Social Security is underfunded and will likely fail to meet expected monthly payments by 2032. Plan accordingly.
bingo. this is me. I have no idea where to start as a self employeed (doctor, yep)...sep ira, solo roth 401k, etc... ugh.
Dustin, this is when you are at your best. You're not telling people what they can't do. You're teaching them what's possible. For this I thank you!
Mr. Dustin, will you please make a video for people starting to save for retirement at 60. Thank you.
Good job on the video and thank you
Thank you! I'm turning 50 in 2 months
Great video..thanks so much!!!
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Hi a friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months , my portfolio was reading $294,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Awesome. Thanks for including seniors like me. 👌😚 Great information
Thanks for the info 👍
I am 50 and will retire next year.....because I have saved and invested all my working life and, more importantly, I have avoided debt my whole life except 1 home mortgage which I paid off in 7 years. Haven't even given a thought to social security.
Are you just here to gloat?
Congrats and Way to Go!!! ;-D 👍
Sweet
I live in Texas and love making people smile. I say things to strangers that almost always make them smile. I met a lady last summer, as she was walking out of Walmart with a smock, and engaged her. She wasn't a very happy lady. She was skinny and looked like she had been beaten with a broom.
I simply asked her if she was ready to take the rest of the week off. This usually gives people a reason to express their wish that it was possible. But this lady was not pleased my question and told me as much.
We talked for a few minutes and it turned out she was 88 years old working at Walmart. She hated it. The rules and manipulation by management made her job difficult.
I told her I thought no one should be working at 88 years old. She proceeded to tell me how her husband died 20 years earlier and left a mobile home with floors rotting. She had to work to take care of her home and working at Walmart was required.
It broke my heart to hear that she had those problems and I was not in a position to help.
Great video. Many thanks.
I had to start over at 40 was only making about 22k 15 years later i'm making 39k and i've managed to save about 132k. I'm on target to retire at 62 to 64 and collect social security at 70. So this video example is 100 percent right. 😊
That is great! It's amazing what people can do when properly motivated and willing to make the hard choices and take a slice for themselves. You're proof! I could go for an Imo's medium deluxe right now. Peace!
@Pizza 4me YOU need to make a video outlining how you did it 👌 What your experience has been sounds more relatable to the average American.
That is why asset allocation changes as you get older matter.
@@pizza4me298 You said it brother. At some point it becomes about preservation instead of accumulation. What's great is with proper planning and implementation, you can get paid handsomely for your haircuts. 2008 made me wealthy beyond my wildest dreams...well actually the ensuing 11 years did. Keep on keeping on.
That is excellent that is a real incentive to go do better
Thank you sir!
That was such a positive message. I'm inspired and motivated to do more. Thank you!
Excellent advice!!
I am glad u put that declaimer in, when u said $50,000 at 3.22, i was saying ok i am FFFFF-teh...lolololol
Awesome! So encouraging keep it up man.
Thanks for putting this up. Gives me hope to at least semi-retire. After some unfortunate events made far worse by even worse decisions I practically decimated my retirement. I thought I was gonna have to work for the rest of my life. I am turning 46 this year and this gives me hope to at least be able to semi-retire, even if I have to work part-time after 65-70.
I am 48 and only have 6000 in my 401 what would you suggest for me?
Saying "ill never retire" is like saying " I'll never get divorced ", it isn't always in your control. Good video.
This is great!
Keep them videos coming
Thank you for this video!!
All my stuff is payed for and I drive a truck and only work when I want to. I can live on a 1300 dollar a month budget and I get payed to travel. I own shares in a camp grounds in Florida and in 100 acres of land. I have bared witness to the retired who don't do anything but watch TV all day and start drinking to much along with other bad habits. So I am part of that 29%, if that is what retirement is I will be working until I have to retire. Unless your Jay z I don't think it's gonna be so great.
Just work alot less and keep using it, so you don't lose it is my way of thinking.
Dustin if everyone with no hope of retiring with dignity could see these videos you put out it would change their retirement outlook completely. You are a bright light in a very dat room. Thanks
It is never too late to invest. You got to do something to have some money in case you cannot work anymore. Just do your research and learn investing.50 years old is still young. Make sure if you have a house. Pay it off before you are 60 years old. Have no debt and have paid off car. No credit card debt. Be healthy and with that I think you are going to be set.
At 50, you have 10-15--20+ years to invest. Fortunes have been made, lost and made again in that span of time.
jamie t Such a smart statement.
Thanks for the video. This all assumes you are also debt free. at retirement.
love your scenarios
Very encouraging video!!!
Love the way you explained this. Hopefully 1 of those 2 decades won't be the like the 2000's decade. Thanks for thinking of us silver folks. The ad before your video showed an incompetent "dad" on his PC. It's always fun to be insulted by the next generation. ha ha
Awesome content as always. I believe your going to go very far with your channel been watching a long time not sure why you dont have a larger following but im sure they will come. Im 33 cashed out my 401k about 4 years ago to help grow my business and buy some real estate both great choices and doing well but looking to start saving for retirement again separately. Can you do a video about saving for retirement in your 30s self employed?
Thanks
Thanks for the video although I have no idea how did you come up with half a million return by investing around $6,500.00 per year +3% add on with 7% return for 20 years.
Can you please show an excel file with 20 years break down?
Thanks again.
My dad got cancer and had no choice but to retire. I need to start saving.
This was such a perfect video! Average numbers & timely for those who dididn't think retirement was possible!
Please do a video starting at age 60, ( lower income and lower savings) thankyou
Thank you for such inspiring and positive video 👍🏻👍🏻👍🏻, I’m in my 40s with very less savings, I was worried about future, but you encouraged me to invest. Thank you 🙏
This is probably the best video clip I have watched. I have been reading a lot lately about working on my retirement plan and most of it felt like it was written for people in their 20s and 30s. I feel utterly motivated and the picture & purpose is clear ahead. Thank you.
This seems challenging to do but not impossible. One option (though I understand not an option for everyone) which I have not seen discussed in most TH-cam retirement videos in general to reach enough to retire well is to relocate to a country where the dollar goes much further. I've looked into this and it's a complicated ball of wax, but also seems doable under the right circumstances. Assuming the country is favorable to retirees, social security can be collected in most, but not all other countries. Some of those countries have a tax treaty with the US (to avoid being double taxed on retirement income), others do not. Obviously there are many other general considerations to take into account, such as healthcare, infrastructure, and even language barriers for example. In many cases though, depending on the country, adding this option to the table could cut the amount needed to retire comfortably in half. I've been working for the past 35 years. Regretfully, I only just began seriously considering at retirement after receiving a significant pay increase from my employer at age 50. I'm now 51, but would still like to retire by age 60, while I'm still able bodied enough to enjoy all life has to offer. To do so I'm now contributing 15% of my after tax income to a 401 K with matching employer funds, another 15% to stock options in my employer's stock purchase plan at a 5% discount (a Fortune 500 company), and am saving $1000 each month. To do this I've also slashed my overhead by not owning a car, living in a small room for rent, and am currently evaluating ways to further economize my grocery purchases. As if all of that were not enough, whenever I have money left over (not often though) I try to make wise blue chip stock purchases instead of online shopping purchases, going out, etc. Even doing all of this now, I still don't believe I'll have enough to retire comfortably within the US by age 60, but I do believe it might still be possible to accomplish abroad.
Consider Ghana.
Thank you for this! I've been a deer in headlights with taking action because it seems overwhelming at my age. Now not so much! Thanks!
Retired Army. at age 45.. I'm good... Dat Florida Life.
That's great. I love to see my people breaking the stereotype and is successful. I am on a trajectory by 62. I would love to be retired.
My retirement plan was to pay for my son's college degree, all 5 1/2 years of it. I was a telecom tech and retired at age 58.
I just bump mine up to 15% with 3% match in my Target fund (I'm no where close to the max limit). I still feel like I'm not putting in enough. Everyone is telling me I'm putting in allot. I have 20-24 years for retirement.
All I can say as somebody from a foreign country where I live you have done very well and saved like a demon if you can have what Americans get as social security. Most places you get taxed and get no social security. As Buffet says first step to financial security and wealth be born in the USA
Man... at 38 I was in the dark space wondering how to play catch up. This definitely was an eye opener.
I know the feeling. I was asleep at the wheel for awhile myself. Check out JL Collins book "Simple Path to Wealth". It has made a HUGE difference in getting my act together. The title says it all.
@@vanguardvaluist2614 I just finished reading that book and it is simple (no pun intended) but very effective and realistic. I love that book and the plan it lays out for you.
The people I live around that say they will work for the rest of their life make maybe 30,000.00 a yr right now with no savings ! This isn’t even close to what is driving the age of into homelessness
Thank you
Hi Dustin, what are your thoughts on investing in closed-end funds? They generally have high yields and provide immediate income, which is good especially for people closer to retirement. Any drawbacks with CEFs? Thanks for your videos. Always enjoy them.
Retirement is not an age, it's a number. This video brings that point home.
Excellent 🙏
Ok, I am in a little worse shape. Plan on working until 70. According to social security should get $2300/month. Hope to save $500-$700 month. Should I use a Roth or a regular account?
Hard to tell if this is the right platform for this. But ill try anyways as this is still considered business. Given the present conditions, is it better to invest
into Real Estates or into Stocks? Which would yield better output.
Has got to be Stocks but of course, you
have to be well informed on the right ones or better still, get a pro to handle it for you (that
way, you save time and minimise risks). Made my first million this way earlier this year. One more thing, one can wake you up by 2am to complain about a leaking pipe, the other can't.
Very sound advise! I have been into both for long and though I won't say I have lost a fortune, I have squandered quite
alot... If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...
Why not both??? diversify!!!
Funny enough, I can honestly
relate. It's not as easy as it may sound and
takes some level of decisiveness and
discipline. I don't know if I am permitted to
drop it here, but his name is "Paul gustave schoffelen". Was in the news a lot in 2018.
You may look him up online for more.
It isnt hard to retire, nor it is to live comfortably. What's hard is to be able to live comfortably and still prepare for a comfortable retirement.
@Charlotte T. ~ you're right especially if you've never had a big shovel..