I think you are on the right track to have client stories paired with the financial advice and recommendation to see BAM financial advisor to help offset issues that develop. Thank you Gina for sharing your story! I really appreciate it.
Thank you for sharing your thoughts on this. We really love the feedback. We will start incorporating more clients into the videos to help bring the best information to clients the audience possible. Again thank you so much for this comment and we will let Gina know that you thanked her.
I inherited $500k from my mother, and $700k from my father, added to my retirement savings of $1.8M plus a workplace pension of $1k a month and social security of $3250 I consider myself fortunate to have saved and reinvested what my boomer parents passed on to me. I appreciate what I got from them that no amount of money can provide. I'm still 5 to 10 years away from retirement but I'm doing my best to prepare.
Thank you for sharing this! You are much farther ahead than even baby boomers. Out of curiosity what helped you generate so much discipline around your finances? I would love to be able to pass that on to the people we work with and teach. Do you have any additional tools you use that may be outside the box..??? Your own specialized budget spreadsheets etc? Again thank you
@@davidafraimi I had some coaching from a rep at work when signing up for the 401k so I was saving 15% since age 23. Also after getting out of debt twice I discovered I need to earn more. I started working overtime and learned to make it consistent. I took the debt paying off strategy and switched to saving for retirement at 20 to 25% and have done it ever since my late 30's. I learned from Bogelhead's resources, and Paul Merrimen after doing some reading.
@@davidafraimi Getting in and out of debt twice prompted me to earn more consistently and stay out of debt. I then went from saving 10% to saving 25% after I learned from online guru's I should investing 20 to 25% to be a super saver. I also kept in touch with my parents and helped them when they reached the venerable ages. I was fortunate that my employer has allowed me to work one extra day every week my whole career as a critical care RN. I also work a weekend program that pays better. I read Boglehead's Guide to Investing and found Paul Merrimen online. I have only been a millionaire since age 46, and a multimillionaire since age 52. I consider myself a middle class millionaire, meaning I live on a middle class budget and have a high net worth.
@@davidafraimi Probably due to getting into and out of debt twice. I already saved 10% of my pay into investments but upon getting out of debt I decided to keep a budget and educate myself. In my 30's I came upon and read content from Jack Bogel, Paul Merrimen, and other You Tube content. I decided to work overtime regularly and increased my investing to 25% or more. My income at work increased as I got older so my contributions did also.
I think you are on the right track to have client stories paired with the financial advice and recommendation to see BAM financial advisor to help offset issues that develop. Thank you Gina for sharing your story! I really appreciate it.
Thank you for sharing your thoughts on this. We really love the feedback. We will start incorporating more clients into the videos to help bring the best information to clients the audience possible. Again thank you so much for this comment and we will let Gina know that you thanked her.
Great advice!
I need to start saving
I inherited $500k from my mother, and $700k from my father, added to my retirement savings of $1.8M plus a workplace pension of $1k a month and social security of $3250 I consider myself fortunate to have saved and reinvested what my boomer parents passed on to me. I appreciate what I got from them that no amount of money can provide. I'm still 5 to 10 years away from retirement but I'm doing my best to prepare.
Thank you for sharing this! You are much farther ahead than even baby boomers. Out of curiosity what helped you generate so much discipline around your finances? I would love to be able to pass that on to the people we work with and teach. Do you have any additional tools you use that may be outside the box..??? Your own specialized budget spreadsheets etc? Again thank you
@@davidafraimi I had some coaching from a rep at work when signing up for the 401k so I was saving 15% since age 23. Also after getting out of debt twice I discovered I need to earn more. I started working overtime and learned to make it consistent. I took the debt paying off strategy and switched to saving for retirement at 20 to 25% and have done it ever since my late 30's. I learned from Bogelhead's resources, and Paul Merrimen after doing some reading.
@@davidafraimi Getting in and out of debt twice prompted me to earn more consistently and stay out of debt. I then went from saving 10% to saving 25% after I learned from online guru's I should investing 20 to 25% to be a super saver. I also kept in touch with my parents and helped them when they reached the venerable ages. I was fortunate that my employer has allowed me to work one extra day every week my whole career as a critical care RN. I also work a weekend program that pays better. I read Boglehead's Guide to Investing and found Paul Merrimen online. I have only been a millionaire since age 46, and a multimillionaire since age 52. I consider myself a middle class millionaire, meaning I live on a middle class budget and have a high net worth.
@@davidafraimi Probably due to getting into and out of debt twice. I already saved 10% of my pay into investments but upon getting out of debt I decided to keep a budget and educate myself. In my 30's I came upon and read content from Jack Bogel, Paul Merrimen, and other You Tube content. I decided to work overtime regularly and increased my investing to 25% or more. My income at work increased as I got older so my contributions did also.