Yup. Good solid advice. Invest some, check the details of a 401k, pay attention to what the employer matches or contributes, set up a trust, and be mindful of the ratio between what goes in and what goes out monthly and annually.
We lived a good life. My wife kept us on a budget. She just wrote down everything we spent and we reviewed it once a week. We just cut out the stupid stuff. Now 68 and retired we are still loving a good life with no worries.
completely agree, sir....some folks use it as a basis to be impulsive and irresponsible while some of us (hopefully) think of YOLO (my era uses "go for it") as a reminder to take some chances, be daring and bold. Easier said than done but getting older and having friends and family pass on is a reminder that time is limited and whatever is on the other side won't be what we have now. May as well roll the dice on occasion
Hickok I never heard it as a word but the 4 words together many times and they are a good reminder. But keep in mind that you only live on this corrupt world once. After that we sleep until the judgement. I am all about leaving something good for the kids but tell me beyond leaving it for the kids what good can not enjoying it bring? I think we all should enjoy our lives, within the boundaries of Torah. You Only Live Once Hickok45 so take the time to get yourself right with the Christ.
YOLO, so, be grateful and appreciate the beauty of the this life (The woods), and live the best life you can, while reducing suffering and increasing well being for yourself, and as many others as possible.
yes!! my father preached this in 1978,being in 8thg grade i was blown away,2000 invested a year for twenty years it would been a million before i was 40!! yes but how do you relate that to someone so young...19 20 21 ,i thought i d be dead before 30...but trying ,teaching,401k plans, saving and investing at young ages, they used math for me and compound interest, i am luckey i mostly listened, at 60, life is good /Great!!!
I love the woods too Can't stay away.... it has been in my blood since I was a child, still get out there on a regular basis at 70 to hike and ride a Mtn bike, snowshoe As to Not working or having to work, the statement about having freedom in you later years is dead on the money (pun intended) I was in the work force for over 45 years as a Pipefitter/welder. Not having to go to a job and be told what to do (or be responsible for telling someone else what to do all day).... is one of the best things that a person can experience, especially after paying a mortgage, putting kids though school, weddings, saving for Retirment etc. etc. etc. You don't need to be rich, Just content and have some common sense. Sound advice.... all of it
The only thing I would add is don't set an amount to save. Don't eat too yourself that your monthly deposit has to be this amount - minimum. Something will get in the way and once you miss one deposit, you'll miss more. Instead, have a target investment in a percentage of your take - home pay. Maybe toss month comes along and your percentage only equals $0.50. Go ahead and deposit the 50 cents and feel good that the goal was met. Then get on with making more money for the next month so you can feel even better! Otherwise it's just to eat too blow a couple deposits and fall out of the habit of saving entirely.
It's really sad that most of My Friends are having to work in Their Retirement because They didn't save. I invested in Firearms because of My Life long passion with them. Seemed like a win-win to Me. When I was 19 years old, I discovered 2 Poems that changed My Life. One is "If" by Rudyard Kipling, and the other one is "Desiderata." If You never read these Masterpieces, please do so. I had posters of both on My bedroom wall, and read them every day before I started My Day. I am now Retired,70 years young, and am happier than any other time in My Life. What Gun Nut wouldn't be be happy to have a killer Gun Collection and a 100yd Range on Their 😢Property? So please save for Your Retirement, and read those Poems. God Bless.
I lived a hard life between 17 and 30. I never expected to live past 30. Now I’m 60. I have been a prince and a pauper. I have more interesting stories than the average bear. My life isn’t terrible but it could certainly be better.
My son, who is 54, retired after 33 years on his job, with full pay the rest of his life.. So he is set for life. A few weeks ago he had a heart attack and survived thanks too fast action by the local police and rescue people. Now, this is an example of, you never know what life has in store for you until it happens. So all I can say, at 79 years old is, life is like a box of chocolate , you never know what you are gong to get until you take that first bite. " Forest Gump"
Every young person needs an older, successful mentor to guide them to retirement. We all know someone that would be happy to help. I had mine, thank God.
It is truly alarming how much it takes to live today. Housing, vehicle, insurance, utility, food, education costs have risen exponentially over the last 7-8 years. The average cost of a home in a “good” neighborhood is around $450-$500K here. New and used cars are ridiculously high. I looked at a new F-250 the other day, not a diesel, and the sticker was $89,000.00! 😵💫 Who are buying these things? I seriously have concerns about young people being able to enjoy the standard of living my generation (I’m 56) has without help from their parents. The number of employees at my workplace that contribute to their retirement fund is frighteningly low. I think this a big part of why socialism appeals to so many young people. All that said I see a good number of people in their 20s and 30s with $500K homes, two new or newish vehicles, kids, the latest i-gadgets, taking nice vacations, hear them talking about spending $250 on dinner, and have to wonder “what am I doing wrong?”. Have you tried going out to eat on a weekend? You can’t get in the door. Try booking a vacation, better plan a year ahead of time. I live a pretty comfortable life. Have made above average money for the last 35 years. I’ve always contributed the maximum amount the company matches into 401K and for the past 20 or so another 20% on top of that. I had hoped to retire at 62. Now I’m not even sure if that will be possible. Maybe I’m just turning into a scared old man.😁
Yep, sorry to incorporate guilt into people's gun purchases! :-) I have to confess to buying a gun a time or two through the decades when I was probably spending more at the time than I should have. Guilty as charged. I don't think I ever spent money I didn't have, though.
Exactly!! Some folks use that concept in a backward way, I think. The fact that we "only live once" is all the more reason NOT to screw up a large portion of our time here. :-)
As im not the flesh suit and said to be an old soul. This isn't my first rodeo. Flesh suits live all the time without their "owners". We call them vegetables. They cant find you in the flesh no reason to assume your the flesh suit you embody. 🙏♾️ The placebo affect is real.
Every single one of the dozens of retired old people I know NEVER go out to eat. Literally never. They are the more obsessed with money than anybody else alive because they live on fixed incomes.
Yep, I'm afraid a lot of young people seem to get steeped in envy when they see older people able to afford things they themselves cannot afford. They turn this into some weird way to just blame older people, as if the reason they can spend some money is because everything was simple for them. Duh, if a person works his or her entire life and manages money and life reasonably well, that person SHOULD be in position to live a decent life after the working years. That should be the goal of everybody, but it doesn't happen automatically; it requires some discipline. Sad that a lot of undisciplined people just live for the day and then blame those who HAD some discipline. But, that's the way of the world these days; everything is somebody ELSE's fault.
Thats so true. I didn't wake up until a few years ago. Now I'm 51 and I've got a lot of catching up to do. To quote the money guy "Do it right and do it light, do it wrong and do it long."
We're talking overall growth of your investments, bonds, stocks, & cash. Check out the average annual market returns over the last 50 or 100 years, etc.
Years ago; Someone told me you need to save or invest 2000 to 5000 a month for 30 years…I laughed out loud…but you know what? He wasn’t far off…a decent vehicle is 50 to 80 Gs now…medical, car and home maintenance off the scale… plus decent homes in a good neighborhood is 1/2 a mill…and retirement checks never get bigger…I know many people that will work to the grave.
When you retire at the US average age of 55, it takes 3 million dollars on average to live out the rest of your life to the US average life expectancy of 76 years old while remaining retired and never reentering the work force. If you have less than 3 million dollars, you literally have to make sacrifices to continue living for the 2ish decades you have left. Live longer than that? You're out of money.
You're looking at numbers I've never seen anywhere in the financial literature. If a person retires early, before SS kicks in, yeah, you'd need to be more careful and have more savings probably. But, if you retire at around 65 with 1M invested, taking 4% a year has proven to be safe for 30 years or more. That would be 40K + your Social Security + whatever else you might have saved, including your equity in your home. Not a "life of luxury," but millions do fine on it.
Consider the story, parable Jesus gave Luke 12 : 16-19 about the farmer who decided to plan for his future. The need to plan for your eternal destination, is paramount ! Life is good, but also short, eternity is Looong, so get straight with the Lord soon.
YOLO? ...and smart planning. In Our Country's current state of affairs, 18 million people live with food insecurity. For those with the opportunity, investment in the very corporations that absorb wealth to create poverty and reward you for doing so ...? Don't complain the next time you're disgusted by the appearance of a homeless camp in your neighborhood. Capitalism is built upon the continuous destruction the seizure of the opportunity of the many.
There's a "famous" line about capitalism. I don't recall who wrote it or said it, but it went something like this: "Capitalism is the worst economic system on the planet, EXCEPT for every other system of economics on the planet. Yep, we have to choose our pain and imperfection; it comes with humans in every endeavor. I'll definitely take capitalism and freedom; the negatives of capitalism are far more endurable for me than the alternatives.
Yup. Good solid advice. Invest some, check the details of a 401k, pay attention to what the employer matches or contributes, set up a trust, and be mindful of the ratio between what goes in and what goes out monthly and annually.
I ve been watching Hickok 45 for 12 years,,
Sir, it was a great video and whatever other wisdom you wish to pour out many of us are very thankful to drink up.
Yeah we only live once so it's best to plan for the future.
Good morning Hickok 45. Great advice for the young crowd. Should be taught in school. 😊
The man the myth the legend
We lived a good life. My wife kept us on a budget. She just wrote down everything we spent and we reviewed it once a week. We just cut out the stupid stuff. Now 68 and retired we are still loving a good life with no worries.
spot on
completely agree, sir....some folks use it as a basis to be impulsive and irresponsible while some of us (hopefully) think of YOLO (my era uses "go for it") as a reminder to take some chances, be daring and bold. Easier said than done but getting older and having friends and family pass on is a reminder that time is limited and whatever is on the other side won't be what we have now. May as well roll the dice on occasion
Hickok I never heard it as a word but the 4 words together many times and they are a good reminder. But keep in mind that you only live on this corrupt world once. After that we sleep until the judgement. I am all about leaving something good for the kids but tell me beyond leaving it for the kids what good can not enjoying it bring? I think we all should enjoy our lives, within the boundaries of Torah. You Only Live Once Hickok45 so take the time to get yourself right with the Christ.
YOLO, so, be grateful and appreciate the beauty of the this life (The woods), and live the best life you can, while reducing suffering and increasing well being for yourself, and as many others as possible.
yes!! my father preached this in 1978,being in 8thg grade i was blown away,2000 invested a year for twenty years it would been a million before i was 40!! yes but how do you relate that to someone so young...19 20 21 ,i thought i d be dead before 30...but trying ,teaching,401k plans, saving and investing at young ages, they used math for me and compound interest, i am luckey i mostly listened, at 60, life is good /Great!!!
Morning Mr. Hickok !
😂 yolo is a new Olympics 😅 in my country Dennis yulo.
money makes money and the money money makes makes more money
I love the woods too Can't stay away.... it has been in my blood since I was a child, still get out there on a regular basis at 70 to hike and ride a Mtn bike, snowshoe
As to Not working or having to work, the statement about having freedom in you later years is dead on the money (pun intended)
I was in the work force for over 45 years as a Pipefitter/welder. Not having to go to a job and be told what to do (or be responsible for telling someone else what to do all day).... is one of the best things that a person can experience, especially after paying a mortgage, putting kids though school, weddings, saving for Retirment etc. etc. etc. You don't need to be rich, Just content and have some common sense. Sound advice.... all of it
The only thing I would add is don't set an amount to save. Don't eat too yourself that your monthly deposit has to be this amount - minimum. Something will get in the way and once you miss one deposit, you'll miss more. Instead, have a target investment in a percentage of your take - home pay. Maybe toss month comes along and your percentage only equals $0.50. Go ahead and deposit the 50 cents and feel good that the goal was met. Then get on with making more money for the next month so you can feel even better! Otherwise it's just to eat too blow a couple deposits and fall out of the habit of saving entirely.
It's really sad that most of My Friends are having to work in Their Retirement because They didn't save. I invested in Firearms because of My Life long passion with them. Seemed like a win-win to Me. When I was 19 years old, I discovered 2 Poems that changed My Life. One is "If" by Rudyard Kipling, and the other one is "Desiderata." If You never read these Masterpieces, please do so. I had posters of both on My bedroom wall, and read them every day before I started My Day. I am now Retired,70 years young, and am happier than any other time in My Life. What Gun Nut wouldn't be be happy to have a killer Gun Collection and a 100yd Range on Their 😢Property? So please save for Your Retirement, and read those Poems. God Bless.
Love makes the world go around........but money greases the wheels!
👍🏼
YOLO is what people say when they've spent every dime they ever made. It makes them feel better!
I lived a hard life between 17 and 30. I never expected to live past 30. Now I’m 60. I have been a prince and a pauper. I have more interesting stories than the average bear. My life isn’t terrible but it could certainly be better.
My son, who is 54, retired after 33 years on his job, with full pay the rest of his life.. So he is set for life. A few weeks ago he had a heart attack and survived thanks too fast action by the local police and rescue people. Now, this is an example of, you never know what life has in store for you until it happens. So all I can say, at 79 years old is, life is like a box of chocolate , you never know what you are gong to get until you take that first bite. " Forest Gump"
Every young person needs an older, successful mentor to guide them to retirement. We all know someone that would be happy to help. I had mine, thank God.
It is truly alarming how much it takes to live today. Housing, vehicle, insurance, utility, food, education costs have risen exponentially over the last 7-8 years. The average cost of a home in a “good” neighborhood is around $450-$500K here. New and used cars are ridiculously high. I looked at a new F-250 the other day, not a diesel, and the sticker was $89,000.00! 😵💫 Who are buying these things?
I seriously have concerns about young people being able to enjoy the standard of living my generation (I’m 56) has without help from their parents.
The number of employees at my workplace that contribute to their retirement fund is frighteningly low. I think this a big part of why socialism appeals to so many young people.
All that said I see a good number of people in their 20s and 30s with $500K homes, two new or newish vehicles, kids, the latest i-gadgets, taking nice vacations, hear them talking about spending $250 on dinner, and have to wonder “what am I doing wrong?”.
Have you tried going out to eat on a weekend? You can’t get in the door. Try booking a vacation, better plan a year ahead of time.
I live a pretty comfortable life. Have made above average money for the last 35 years. I’ve always contributed the maximum amount the company matches into 401K and for the past 20 or so another 20% on top of that.
I had hoped to retire at 62. Now I’m not even sure if that will be possible.
Maybe I’m just turning into a scared old man.😁
YOLO applies to things that you are nervous about failing at, not dangerous things, that my opinion.
Oh boy. I’m about to YOLO a $2000 lever action. We don’t need this negativity Hickok
Yep, sorry to incorporate guilt into people's gun purchases! :-)
I have to confess to buying a gun a time or two through the decades when I was probably spending more at the time than I should have. Guilty as charged.
I don't think I ever spent money I didn't have, though.
@ I have it. Just don’t really need yet another rifle but I’ve talked myself into it.
YOLO should be a reason not to do something dumb and be careful.
Exactly!! Some folks use that concept in a backward way, I think. The fact that we "only live once" is all the more reason NOT to screw up a large portion of our time here. :-)
As im not the flesh suit and said to be an old soul. This isn't my first rodeo. Flesh suits live all the time without their "owners". We call them vegetables. They cant find you in the flesh no reason to assume your the flesh suit you embody. 🙏♾️ The placebo affect is real.
You only live once.
So do your best without screwing it up.
🐑🐑🐑🐑🐑🐅
Agree entirely, but you're only born-again once...
Retired people seem pretty happy being able to go out to eat whenever they want. Takes saving s to do that for years.
Every single one of the dozens of retired old people I know NEVER go out to eat. Literally never. They are the more obsessed with money than anybody else alive because they live on fixed incomes.
Yep, I'm afraid a lot of young people seem to get steeped in envy when they see older people able to afford things they themselves cannot afford. They turn this into some weird way to just blame older people, as if the reason they can spend some money is because everything was simple for them.
Duh, if a person works his or her entire life and manages money and life reasonably well, that person SHOULD be in position to live a decent life after the working years. That should be the goal of everybody, but it doesn't happen automatically; it requires some discipline.
Sad that a lot of undisciplined people just live for the day and then blame those who HAD some discipline.
But, that's the way of the world these days; everything is somebody ELSE's fault.
Thats so true. I didn't wake up until a few years ago. Now I'm 51 and I've got a lot of catching up to do. To quote the money guy "Do it right and do it light, do it wrong and do it long."
Where the heck can you get 8% interest?
We're talking overall growth of your investments, bonds, stocks, & cash. Check out the average annual market returns over the last 50 or 100 years, etc.
Years ago; Someone told me you need to save or invest 2000 to 5000 a month for 30 years…I laughed out loud…but you know what? He wasn’t far off…a decent vehicle is 50 to 80 Gs now…medical, car and home maintenance off the scale… plus decent homes in a good neighborhood is 1/2 a mill…and retirement checks never get bigger…I know many people that will work to the grave.
When you retire at the US average age of 55, it takes 3 million dollars on average to live out the rest of your life to the US average life expectancy of 76 years old while remaining retired and never reentering the work force.
If you have less than 3 million dollars, you literally have to make sacrifices to continue living for the 2ish decades you have left. Live longer than that? You're out of money.
You said it all, sir…sad comment but absolutely true.😔
You're looking at numbers I've never seen anywhere in the financial literature. If a person retires early, before SS kicks in, yeah, you'd need to be more careful and have more savings probably.
But, if you retire at around 65 with 1M invested, taking 4% a year has proven to be safe for 30 years or more. That would be 40K + your Social Security + whatever else you might have saved, including your equity in your home.
Not a "life of luxury," but millions do fine on it.
YOLO only works in video games, I live in the real world
Except when you can jump on that turtle and get infinite lives
@ stop cheating the game 😎
YOLO, What Does That Mean???
Consider the story, parable Jesus gave Luke 12 : 16-19 about the farmer who decided to plan for his future. The need to plan for your eternal destination, is paramount ! Life is good, but also short, eternity is Looong, so get straight with the Lord soon.
Second
Is 4PATRIOTS a rip off? I keep seeing their ads
I'm Not A Dumb Ass Game Player!!!!!
YOLO? ...and smart planning. In Our Country's current state of affairs, 18 million people live with food insecurity. For those with the opportunity, investment in the very corporations that absorb wealth to create poverty and reward you for doing so ...? Don't complain the next time you're disgusted by the appearance of a homeless camp in your neighborhood. Capitalism is built upon the continuous destruction the seizure of the opportunity of the many.
There's a "famous" line about capitalism. I don't recall who wrote it or said it, but it went something like this: "Capitalism is the worst economic system on the planet, EXCEPT for every other system of economics on the planet.
Yep, we have to choose our pain and imperfection; it comes with humans in every endeavor. I'll definitely take capitalism and freedom; the negatives of capitalism are far more endurable for me than the alternatives.
ive seen that outcome and its not pretty. learn to live below your means as a life hack!