“Nana’s Side Hustle” - Retirees Forced Back to Work as Inflation CRUSHES Americans!

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Inflation is getting so bad that it's putting the elderly back to work. Patrick, Tom, and Adam have a heated discussion about the state of the economy and how important is to financially plan for retirement.
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Patrick Bet-David, Vincent Oshana, Tom Ellsworth, and Adam Sosnick cover the biggest stories in business, politics, current events, and more!
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

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19 июн 2024

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Комментарии : 797

@Muriel-1112 4 дня назад

Inflation is no joke. It can eat away at your savings faster than you can say "social security." A well-planned portfolio is your best defense against having to dust off your resume in your golden years.

@Larry1-pl2wq 4 дня назад

Absolutely. The key is to have a diversified portfolio that can weather different economic climates. You don't want to put all your eggs in one basket, especially with the way things are going these days.

@camela8445 4 дня назад

Tell me about it. My retirement portfolio hasn't exactly been thriving lately. Thinking I might need to make some adjustments, but I'm worried about making the wrong moves and jeopardizing my future.

@Bigwilli123 4 дня назад

I haven't consistently contributed to retirement accounts, leaving them with insufficient funds to maintain their desired lifestyle during retirement

@reginaldhufenstien 4 дня назад

I got an advisor to help me out with this, i am 55 yrs old and wouldn't want to come back to the workforce. Thanks to my advisor, i have been okay.

@Bigwilli123 4 дня назад

Please, who is your advisor, i think i am not too late, even if i an i want to get started with your advisor.

@primafacie5029 9 дней назад

Two jobs here at 51 with ZERO hope of retirement

@walterwhite1 9 дней назад

Value entertainment says you’re a loser. You’re not working hard enough they say you are nothing but a worthless human.

@maxpainmedia 8 дней назад

Damn! I feel your pain

@catherineskis 8 дней назад

Dave Ramsey!

@dy6682 8 дней назад

Sorry to hear

@alphapablo3514 8 дней назад

Ha loser should have been a liberal

@pttugbud 9 дней назад

As a 40 something that has been working and saving for 25 years. There will never be enough money for retirement. The goal is constantly changing.

@TheRebornofSocialVietSub 9 дней назад

go to asian is the only choice.

@richardprice4839 8 дней назад

Bs.

@pttugbud 8 дней назад

@@richardprice4839 how so Dick?

@PaulyDeluca 8 дней назад

Then you’re bad at saving or picked wrong profession. I have 7 years (I’m 35) left till am eligible to get my PAPD pension if I chose to retire

@pttugbud 8 дней назад

@@PaulyDeluca your at 4.8mil already. Nice, or you are not getting correct information.

@traviswes7082 8 дней назад

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

@Patriciacraig599 8 дней назад

keep contributing! I'd suggest you consider financial advisory at this point in time, remember you are in for the long haul

@tommychestnut5335 8 дней назад

I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has tripled in barely one year and half, summing up nearly $1m after subsequent investments to date.

@PhilipMurray251 8 дней назад

This is superb! I appreciate the implementation of ideas and strategies that result to immeasurable progress. This now leads me to the search for a reputable advisor, mind sharing info of this person guiding you please?

@tommychestnut5335 8 дней назад

She's ‘Kathleen Cheryl Constantz’ I suggest you look her up online. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

@Alejandracamacho357 8 дней назад

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

@gaabb2387 9 дней назад

being forced to work and wanting to work is not the same

@joanofarc4103 8 дней назад

I don't want to work...I enjoyed two years of volunteer work, but now I have to work for funds to pay my property taxes that literally doubled!

@teemomain8268 8 дней назад

@@joanofarc4103That's why I cant bring myself to buy a home,I owned one once but sold because my property taxes and insurance was MORE than my rent alone - Makes zero sense.

@evanpetelle5669 8 дней назад

@@teemomain8268it’s intentional, making ownership undesirable. Even though “ownership” can be circumvented by the federal government….

@teemomain8268 8 дней назад

@@evanpetelle5669 Wish more people actually understood this nowadays. That's why Im moving to a country with lower rent after my earning years.

@christopherm202dcfinest2 7 дней назад

Working is a choice.

@BrianAlbert-hh3pi 8 дней назад

I don't know if this is a joke or not but if it is true, then that's the American dream come true for him. Same here. I am 53 and retired at 50. One thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real estate and I am now a Limited Partner in about 3500+ units. I do not work.

@ChloeCarter-kd7gz 8 дней назад

I only contribute 5% to get the full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.

@HRMColoniallifeinsurance 8 дней назад

My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security.

@HRMColoniallifeinsurance 8 дней назад

An observation on 401Ks is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.

@MelissaHobbs-qm8wi 8 дней назад

If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.

@BrianAlbert-hh3pi 8 дней назад

I learned about government actions from Desiree Ruth Hoffman. Ms. Hoffman explained the benefits of long-term Treasuries and alternative investments, which the government doesn't disclose.

@lauralogan1896 9 дней назад

Whaaaat???!!! I’m a 65 year old Disabled Woman and I wish that I received $1900 a month SSDI😢

@bellaclyde 9 дней назад

Right !?

@Bearsacci 9 дней назад

That’s socialism. This is America a capitalist company.

@beab5850 9 дней назад

Me too! I'd could be great with that much!

@jimmieclark4638 9 дней назад

She must have earned a lot while she was working.

@bellaclyde 9 дней назад

@@jimmieclark4638 forgot about that, if you're born disabled it's barely enough to live on

@lelawessner3345 9 дней назад

I retired in 2017. I am working again part time. It is difficult, I don’t always feel good but don’t have the luxury of staying home. I am thankful I have a job that is not too physical.

@Bearsacci 9 дней назад

Remember, these republicans want to take away SSI.

@Bearsacci 9 дней назад

Remember, these republicans want to take away SSI.

@marcopolo3109 9 дней назад

If you retired in 2017, what was the reason you go back to work again. I mean if you receive social security, have a pension, 401k, IRA, and the house is already paid off. You shouldn't be stressed out at all.

@Ellenp-X 8 дней назад

@@marcopolo3109pension? WTH has a pension?

@iandouglas4992 8 дней назад

@@Ellenp-Xpeople who plan ahead

@beab5850 9 дней назад

I'm 68. If I could find a job I'd be working. My rise in homeowner insurance is going to drive me out of my home if I can't find work soon.And by the way, Adam is so out of touch here it makes me want to puke!

@TheSpringMood 8 дней назад

Adam is usually off base with everything.

@catherineskis 8 дней назад

VA is hiring, housekeeping, that's my job.

@jimmieclark4638 8 дней назад

I understand I had to drop my homeowners

@B.I.G.TEA707 8 дней назад

It's bc inflation is currently an issue that hurts democrats. If it hurt Republicans specifically the orange man, then adam would be saying sensible things.

@catherineskis 8 дней назад

@@B.I.G.TEA707 Silly T, if Republicans were in charge, like Orangeman, the inflation would be 2%!

@BLKShadow 9 дней назад

These freaking guys are clueless beyond belief if they believe that most seniors want to work after they reach retirement age. This is totally condescending talk and rich-folk's nonsense.

@VicDamoneJr82 8 дней назад

So annoying hearing soy boy

@awilliams765 8 дней назад

It's part of the deception. To lie about what the American dream was and/or is. "You don't want to own a home. It's a liability." "You don't want to retire. You want to work until you die. People die when they retire because they don't have a purpose. Keep working." Meanwhile, they say it's your fault for not saving and investing. It's your fault for not getting out of debt. But listen closer and you'll hear them complain that minimum wage is too high. "A $15 an hour for minimum wage is ridiculous. Get a second and third job, you bum." You'll hear them take the side of big corporations fleecing their workers. You'll hear them criticize unions. You'll hear them sneer at the idea of a livable wage. You'll hear them constantly applaud paying workers s@#$ wages. Once you realize what side they are on, you know it's all a big con.

@VicDamoneJr82 8 дней назад

@@fauxbro1983 he has to learn how to scalp the spy

@mustangracer5124 8 дней назад

Just save and invest and you'll be fine.. ya right..

@VicDamoneJr82 8 дней назад

@@mustangracer5124 he says it like it’s so easy can’t stand trust fund babies

@stephaniejooste3879 8 дней назад

My late mom always said she'll die at her desk, and she almost did it. She was diagnosed with Non Hodgkins Lymphoma at 63 but after taking a year off while she received treatments only because she had a very active and responsible job her Doctor advised her too take it easy. She drove us crazy because she was like the Energiser Bunny on Steroids! She went through 2 subsequent treatments four and a half years after the previous treatments but still kept on working. In 2020 she was forced too stop working due to Covid at 79 and 2 months later she was diagnosed with Leukaemia. She couldn't get the necessary treatment in time because of the international logistics crunch, and subsequently passed away in March 2021. She still had a shower the morning before she passed away during the night. She was my best friend, my role model, financial adviser, greatest parent and she loved all her children equally. I still miss her dearly and for a lady who smoked constantly from the age 19, she was a tuff one who really never took a sick day until she had too stop because her treatment was just that bit more than what she could do.

@karenmorris8899 8 дней назад

I’m sorry for your loss. Your mom was a courageous lady!

@cluckieschickens 9 дней назад

My mom has to work, she is 74. She is a cashier at Walmart.

@helenkessler6012 8 дней назад

Sounds like it's been a rough life for her. Never got ahead. God bless her.

@catherineskis 8 дней назад

Bless your mom for being able to count, especially money! I freeze whenever I have to do it. She is the lady I always end up with at the counter, she is the one that ends up having to count my money for me. Thank God for your mom, because I'm an idiot! Thank you, thank you, thank you. I have to call my mom for mathematical calculations and have often told her that she is not allowed to die before me because then who would be able to tell me what 40% off of $6.80 is, whenever I'm shopping at JoAnn's. She's 80. She used to work at Bank of America, handling $500K a day. Can your mom adopt me?

@John-si5vs 8 дней назад

God bless her

@PaulyDeluca 8 дней назад

Sounds like you come from poor stock then

@sheilac9593 9 дней назад

Adam you have no clue.

@robbieross6646 8 дней назад

He is so condescending and annoying.

@dawnbreak2867 8 дней назад

When Adam speaks I lower the volume.🥴

@bigdaddy1024 9 дней назад

But, but, but, inflation is under control 🤔 NOT!

@Bearsacci 9 дней назад

Remember, these republicans want to take away SSI. Because they think it’s a socialist program.

@catherineskis 8 дней назад

It is under control, and Biden is happy about that, when the FACTS are presented then, "It's Trump's fault". I just realized that today.

@danbillkurtz 9 дней назад

"RETIREMENT" is a word most Americans will only understand as an abstraction from now on.... Every worker like me understand that we will be working till we drop.

@walterwhite1 9 дней назад

We abolished slavery in the 1800s yet we’re still working like slaves till the day we die sad pathetic America

@MichaelErnest666 8 дней назад

Thank GOD For Ai 🙃

@ddazzla27 8 дней назад

According to Adam, You should have saved more and have been more responsible. Because that will solve it for every single American. Insert Sarcasm

@shanghaiffgg 8 дней назад

listen to Adam, what he says is right

@dukenukem69 8 дней назад

Even buying an older used vehicle these days in cash is a pipe dream. I bought my first car in 2013, a 98 Honda Civic for 600$. I am so sick of everything that the planned virus and Democrats caused

@hurvineldon1825 9 дней назад

Government spending tax payers money on all types of shit and it’s the citizens paying the cost later on😢

@alexgg7499 9 дней назад

True you gonna retire at 80

@PureBlood-du6wv 9 дней назад

That's what I'm screaming!! This guy is a puke, such an insensitive pompous a hole!! Just wait, we are witnessing an asset stripping operation and these guys aren't exempt!! They have no idea what is on the horizon for this country!!!

@rtquest22 8 дней назад

No such thing as taxpayers money when the fed reserve monetizes govt spending.

@AmericanRenaissanceMan 8 дней назад

At least we get to share social security benefits with Ukrainians fleeing Ukraine 🇺🇦 😂🇺🇸🤦‍♂️

@stephaniewomacks8827 8 дней назад

The worst part if you don't pay them they get to send you to prison and take your stuff...all so Hunter and company can do their blow. Taxation is theft

@dublinoseven3279 9 дней назад

You know times are tough when every handicap parking spot is full everywhere you go and they’re all taken by employees.

@user-mk9kj8yf6r 7 дней назад

@Mac-qi5nz 8 дней назад

Anyone else love millionaires telling us to "just earn more, the problem is you" 😂

@michaelcandell1562 8 дней назад

Of course, it’s cool to talk down to the working class I guess 🤷🏻‍♂️

@DemonTime08 8 дней назад

They were once broke too now they are not you need to build a business being an employee isn’t gonna do it for you

@beddythecorgi4269 8 дней назад

If I did my job as badly as Adam does here, I'd be fired. Adam contributes nothing and actively insults the audiences intelligence and morality. In his mind if you're poor your some washed up grasshopper who sang all summer. Everyone poor is some moral failure in his eyes when we can all see he is allowed to coast on this show getting paid to make obvious observations. Tom I love. Vinny is entertaining. Adam can go!

@synergygaming65 8 дней назад

Live with your parents as long as possible. Wealth is also accumulated by not spending what you don't need to. And if you move out to be "independent" and can't save or invest an appropriate amount of money then you're only fucking yourself way down the road.

@Mac-qi5nz 8 дней назад

@@DemonTime08 oh I have a business friend and my capital is currently building a car park and block of flats that's my convertible m4👈 I'm alright I'm on go. It just seems that they are WAAAAAAAYYYY out of touch with the reality of regular people these days. I have friends who work full time and I can clearly see an entire day's pay barely buys a takeaway meal these days kinda thing. Telling people that are doing their best to "Just earn more" is the most unhelpful and cruel advice ever. Surely anyone that can earn more is having to do it at the moment you know

@mikejohnson1948 8 дней назад

There's a big difference between working in your '70s because you want to, than because you have to.

@haroldbruce3790 8 дней назад

Way to go, blame the poor, inflation is caused by the government spending! Typical rich guy.

@catherineskis 8 дней назад

You need Dave Ramsey in your life. Look him up, go to Baby Steps.

@PaulyDeluca 8 дней назад

It is the poors fault, why wouldn’t you of Picked a better profession and also invested more in to your retirement

@DemonTime08 8 дней назад

@@PaulyDeluca People need to invest in fighting back against the system that keeps you oppressed

@catherineskis 8 дней назад

@@PaulyDeluca It is spelled, "poor's fault"...and it is how you chose to spend your money. My ex-husband made $88K a year and spent his family into bankruptcy. How can a sane man do that. However, after my divorce, I was bringing in $900 a month and had more money than I ever had then when I was married! You need to go to the library and check out the book, "Total Money Makeover" by Dave Ramsey.

@AnmolSingh-1213 8 дней назад

You definitely have my sub. This content is next level. For me Unimantic was the turning point. Please keep doing what you do and keep being you, love it.

@Pothos007 7 дней назад

Bet it gets you nowhere

@johnelder-hh3ix 8 дней назад

52-- downsized 2 years ago -- bought a 96k - 1000 sq. ft . house-- and got serious about retirement-- make 120k-- i put 2k in a month -- and paying my house off asap-- my biggest fear is working at wal- mart when i am 70. save! save! save!

@nonyabiz9340 7 дней назад

Good job! Downsizing isn't supposed to be a bad thing, everyone should do it when they get older and don't have kids living with them.

@charlenebrutto6416 9 дней назад

Adam you are so wrong! Lots of people have had tragic illness etc

@alphapablo3514 8 дней назад

Universal healthcare is needed!!! Vote blue

@frankd14321 9 дней назад

Adam acts like all 300 million citizens can profit from investing.

@SoUnDMaN831 9 дней назад

A lot more people can profit from investing than what most people think. So many people think investing just equals loss, it’s not true for most people that invest. Some people will lose, most will profit.

@cchavezjr7 9 дней назад

But what he said is not wrong. Saving won't get you a livable retirement. There are plenty of funds that can be added to paycheck by paycheck. You don't have to sit at a computer and day trade.

@onlinerando-xfr9kd44 9 дней назад

Investing is a middle class privilege. Most working poor people just don't have the capital to get the returns necessary for retirement. You need a million in the bank to live off from age 67. Vast majority won't get anywhere near that amount.

@miketheyunggod2534 9 дней назад

The winners only profit from the losers.

@walterwhite1 9 дней назад

Fool

@vickikenton5439 9 дней назад

In California, you will be hard pressed to find a studio for less than $1200/mo. You will be forced to rent a room and deal with potentially difficult & stress inducing roommates. I’m so sad for how unaffordable California has become.

@susannarducci3350 9 дней назад

In the Bay area a room is $1000 .

@MuzdokOfficial 9 дней назад

it is worse in Canada now 🙏

@walterwhite1 9 дней назад

Roommates are bad

@MuzdokOfficial 8 дней назад

@@walterwhite1 from my experience yes most of the time 🙏🏻 its getting harder to find people that have respect for others 🙏🏻

@Cocotulip0003 8 дней назад

A studio is 2,300 in LA County. This does not include utilities.

@augustwest8559 8 дней назад

That’s funny how millionaire investors like giving advice that’s out of reach to regular Joe’s.

@catherineskis 8 дней назад

Dave Ramsey

@lolitabillingsley 8 дней назад

Actually, Patrick Bet-David founded a company called People Helping People, PHP Agency, that helps people plan for retirement. These companies dont even charge fees and help you help you have lifetime income.

@seananderson5334 8 дней назад

That mindset is why it's out of reach. If you're young, make good decisions.

@augustwest8559 8 дней назад

@@seananderson5334 Mind-set 😆

@seananderson5334 8 дней назад

@@augustwest8559 You don't think there's a mindset high achievers have? You're encouraging self defeat before a person has even begun to fight.

@darnellferguson8682 9 дней назад

I like how Vinny and Tom are bouncing between eachother and silently turning away from Adam in the conversations

@sthubbins4038 9 дней назад

Gotta keep the UltraMAGA bubble intact

@GurtiusMaximus 9 дней назад

@@sthubbins4038 you think men can be women lol

@NumbuTruth 8 дней назад

Echo chambers are always great!

@alphapablo3514 8 дней назад

Yeah… ur a brokie

@retroelectrical 8 дней назад

@@NumbuTruth adam is an idiot, apparently your style.

@JamesDavis-dn3wo 9 дней назад

It's easy to say save money but you can't if you are barley covering your bills especially those with families.

@MrRonaldfarley 8 дней назад

I live in Arkansas I'll be 62 in December we only have minimum wage jobs in my area all my life my Social Security will be $500 a month I would rather end my life than have my daughter pay for my living I don't like taking charity America's lied to me all my life

@catherineskis 8 дней назад

Dave Ramsey, look him up, go to Baby Steps.

@nonyabiz9340 8 дней назад

We'll see a lot of boomers choosing that way out soon.

@christopherm202dcfinest2 7 дней назад

Should have moved, no excuses victim. You follow a lot of conservative channels and you have this mindset 🤣🤣

@catherineskis 7 дней назад

@@christopherm202dcfinest2 You're right! It's so much better having a Liberal mindset, "Thanks Ms. Flynn for having two jobs, that means we can take even more money from you to give it to people who choose not to work, you know like the shoplifters and everyone who poop on the streets and to those who leave their needles on the streets". Brilliant!

@MrRonaldfarley 7 дней назад

@@christopherm202dcfinest2 the government has been moved in the carrot stick for the last 50 years what the hell does that have to do with politics. Listing your property is a homestead protects you from being sued except for the nursing home what does that have to do with politics it all has to do with stealing your money after you saved your whole life for it. My view is they're all corrupt and they're all in on it every single politician

@MrApplewine 9 дней назад

I knew I shouldn't have bought all those Lamborghini. I should have saved that money and put it into the Wall Street ponzi scheme so I would have something for retirement!

@user-tk8vw6gq2m 9 дней назад

I'm 42 and have been planning on working until I die, for about 10 years now. I knew back then that SSI wouldn't be something I can depend on.

@mizzo8341 9 дней назад

Don’t leave all that money in the government bank! That’s only a loan for goodness sakes.

@zugdarr 9 дней назад

I'm 10 years older, and I've come to realize that keeping your options open is the best play. Adam's correct, you'll need a million or two to retire, but tails I'm taking just my home's equity to another (friendly) country where SSI pays for a luxury apartment and I suddenly have living expenses until I'm 120.

@user-tk8vw6gq2m 9 дней назад

@@mizzo8341 yup. I only keep in what I need to pay out. Considering 90% of everything these days needs to be paid with either a check or electronic transfer.

@user-tk8vw6gq2m 9 дней назад

@zugdarr correct. What Adam failed to emphasize on, is that the million or two doesn't have to be in the form of cash. Collecting liquid assets will supply wealth when needed, as well.

@chodkowski01 9 дней назад

@@zugdarrAdams wrong. Future generations won’t have Social Security to lean on and the cost of living will be astronomical. You will need $6-10 million dollars.

@kellymccurdy7334 9 дней назад

I disagree with Adam.. my mom saved a ton of money and had many 401Ks, stocks etc… she retired then 2 months later was told she had cancer. Medical bills have been depleting her 100s of thousands of dollars. She may be the exception in this situation but with all the years she worked her ass off she isn’t able to live because of a cancer she got just from a virus. Not because she didn’t take care of herself. So the money I should be saving for me is now helping my mother.

@alphapablo3514 8 дней назад

Universal healthcare!!! Vote blue If you’re a mentally stunted individual please continue to vote red

@nonyabiz9340 8 дней назад

She needs to move her money into a living trust with you as the beneficiary. If she's spending 100's of thousands a year, she will be broke in a couple years anyway. You spending your money on your parents health is a huge problem in this country Your wealth should be put away for your children so they don't have to be working class till they die. She's going to pass no matter what, don't let it be in vain.

@GurtiusMaximus 9 дней назад

I remember Adam saying inflation reduction act was a good thing

@ImBossJohn 9 дней назад

I no longer see seniors hanging out in McDonalds in the mornings…

@tf8837 9 дней назад

No they r behind the counter

@dukenukem69 8 дней назад

Now they're heating up your 25$ mc griddle and 5$ coffee

@EliLemke-ft3fs 8 дней назад

Yeah and they all voted themselves to the side of the counter

@John-si5vs 8 дней назад

they can't afford it now. they will probably have a cup of instant coffee and a slice of toast at home instead.

@JJ38255 5 дней назад

Generally speaking that's not a good idea anyways. Hanging out at McDonald's every day will cut your retirement short and send you to an early grave

@davidtobar6453 9 дней назад

Adam is just terrible. Leave bro

@moregoldmoregold 8 дней назад

He is a lost dork..

@thehonesttruth8808 8 дней назад

Where will he go? Maybe the Young Turks although he is middle-age and looks like a dude on Miami Vice

@maxinef6654 8 дней назад

Totally agree.

@evarivera3164 8 дней назад

I'm 71 years old and must to work until I die. Social Security check only helps to pay rent and utilities. Food, car insurance, medicine and personal articles are extras. I'm praying not getting sick. I feel angry how this president is helping immigrants covering 100% of their necessities and sending millions of dollars to Ucrania to continue a never ending war. I only have a checking account and the IRS billed me $1,524 to pay 2023 incometax when I went to the IRS office in person to know real reason the worker didn't give me any answer only a question : if a won a lottery any amount price ????.Probably the $1,524 is a must cooperation in paying for the illegal immigrants or the never ending wars.

@colinquinn7516 8 дней назад

It’s bullshit. You must be white, Biden hates us

@nonyabiz9340 7 дней назад

You're renting at 71... How much do you get in social security?

@CoalCreekCroft 8 дней назад

Just give me all the money I paid into SS the last 50 years -- with interest -- instead of the monthly dribble and I'll do fine. Absurd. The number is $11,000+ more needed per year to pay for inflation, which happens to be a couple hundred over my entire income. My buying power would double without it and it's been tough BUT have nothing but basics; old vehicle, etc. and nothing with payments but insurance, etc. AND lucky enough to land on a remote farm that, go figure, produces food if you put in the effort. Yet everything is more expensive due to remoteness so add 20%. There's enough maintenance work to justify an absurd $300 rent per month (technically I work a PT job as part of it but hey, I get any results and would do it anyway) but point is that's a fraction of most other rents and nothing to a mortgage. No medical bills or issues but any extra unseen expense is like a torpedo strike. I still barely limp through each month. I grieve for those ... most ... who have Real LIfe expenses at double the burden. The GMC breaks down, I'm toast (or riding in for supplies with neighbor ranchers). All this while our citizens are ignored, homeless, drowning from the corrupt thievery. Billions shoveled against our will to Ukraine. Invaders given debit cards, phones and everything else. Biden and all his ilk are traitors. Triggered manifesto ends.

@captainnolan5062 8 дней назад

A lot of folks have health issues when they get older. Even standing for 8 hours is not possible for many. People's backs deteriorate over time. It is easy for a 45 year old like PBD to say that he likes it when older folks have to work. Social Security is not welfare. We had our money taken from us by force [by the Government] all our lives and we receive a paltry amount back. If we had been 'allowed' to keep our money and invest our social security payments, most retired Americans would be millionaires and not need Social Security payments at all. Since they did take it, it is only right to pay us back. (NB - If we had been able to keep and invest the money we would not only have the monthly interest or dividend payment, but we would also own the principal too). Hopefully PBD will remain healthy (though his smoking argues against that), but in the event that he suffers any health issues, perhaps he will reevaluate his comment about 70 year old retirees having to go back to work (which he sees at his relatively 'young age' as a good thing). When people are in pain or suffering from a recurring health issues, working at any job becomes very difficult if not impossible.

@sfabblk 8 дней назад

Wait ! They are scolding senior citizens about not saving money, who pay taxes, and then saying purchase their merch! Oh my goodness! The nerve of these scammers. Don't purchase any more merchandise from these people. WOW

@BRR42922 8 дней назад

Agreed, shills selling merch and insurance.

@dawnbreak2867 8 дней назад

Who stole my pension? Wall Street.

@iandouglas4992 8 дней назад

Not scolding. You're Soley responsible for you

@BRR42922 8 дней назад

@@iandouglas4992 Then why do they take our money? Why don't they invest it like they do with their own money. Career politicians become multi millionaires after decades in office. How come our social security investments don't grow in the same manner?

@iandouglas4992 8 дней назад

@@BRR42922 you'll get no argument from me on that in terms of corruption and such. However we still have to work within the system. I live in Canada where taxes are far higher. I'm on track to retire at 57. My house will be paid off at 42. And my household income is online with the avg.

@bellaclyde 9 дней назад

Remember the solution for seniors back in the day was to NOT GO TO BINGO

@user-fj2hk7xr7w 9 дней назад

Because of this I had to retire abroad. I could not live in the US and retire.

@nonyabiz9340 7 дней назад

I've seen some amazing places in the Philippines that my coworker sent me, he plans to do the same in a few years and I am impressed

@toddtheisen8386 9 дней назад

Been going on for decades. When worker wages were decoupled from productivity in the early 80s. Allowed corporations to increase prices at the cost of workers being able to retire. Inflation or not.

@Bearsacci 9 дней назад

Remember, these republicans want to take away SSI.

@catherineskis 8 дней назад

Can you explain this please.

@toddtheisen8386 8 дней назад

@@catherineskis Sure. The meat plant I worked at paid incentive until 1995. In 1980, a line worker could make $18 an hour (with incentives). And had a full pension. Fast forward to 2000. We were working for $11 an hour and no pension. For the workers of 1980, it was common to retire at 50 as a meat packer. Fast forward 2000 (and today), with no pension and low wages, most work until SS age.

@catherineskis 8 дней назад

@@toddtheisen8386 So, You're saying that when a corporation takes away things like insurance and pension then people stop working as hard as they used to? Wow, imagine if the corporation shut down all together, then y'all would be cursing GM for closing their plants and moving to China. The worker needs to meet Dave Ramsey, the sooner the better, go to the library and get his book, "Total Money Makeover".

@johnwalsh1541 9 дней назад

Great sdvice Adam,,,and to stop homelessness they should just buy a house,problem solved

@suffolkmike1 8 дней назад

I had to retire 5 years ago after having a stroke at age 64. I planned on working my job until I turned 70. I get about $3100/month and my wife gets about $1200/month and it takes every dime we make to get by. And we live in North Carolina which is far cheaper than most states

@alphapablo3514 8 дней назад

Don’t vote red, psycho trump is going to screw you over if he wins!!!

@CoalCreekCroft 8 дней назад

I'm one month younger and scraping by on $980/month. Barely. Just myself and no way would that feed two; not enough for myself. But had a miracle find of a $300/month rental (in today's world) ... of an unlimited-acre 1883 homestead farm. PT job in maintaining it but fine with me; NO WAY would that get me an apartment. I GROW food (but not coffee or other needs!), no toys or car payments, etc., thus in a VERY UNUSUAL situation that I remind myself of every day. I could not survive out there without another job.

@jennymentor9191 9 дней назад

I'd do a side hustle to make sure my dad doesn't work while in retirement

@tf8837 9 дней назад

He brought you up well

@helenkessler6012 8 дней назад

That is the only correct answer. Heartset mindset proper order.

@nonyabiz9340 8 дней назад

Don't work for your parent's benefit, work for your kids benefit. Or society suffers. Your parents had their whole lives to get decent jobs and hold them.

@jennymentor9191 8 дней назад

@@nonyabiz9340 my parents took care of me. I take care of them.

@johnl5316 9 дней назад

soc security was not designed to be a complete pension

@gnome2024 9 дней назад

People just dont get that. It was supposed to cover the barest of necessities such as food and that was it.

@rusty_junk 8 дней назад

You sure about that? Where is that documented? It's called Social "Security". Why'd they call it that? I think that was their plan but they realized it was a bullshit ponzi scheme that wouldn't last and couldn't deliver. But they're the government so once they get your money they're not gonna give it back to us to do what we think is best.

@captainnolan5062 8 дней назад

@melbabowen4389 9 дней назад

THAT IS 100% correct!!!!! ITS NOT RIGHT!!!!!!

@kathleenwalton3311 8 дней назад

High schools need to teach real economics

@timothymullen1584 8 дней назад

These people retired during a 15 year bull run and with saving rates at 5%. If they have to go back to work now they would have had to go back to work regardless of who was in office.

@deniseverbeck7011 8 дней назад

Yep, just went back to work at 64. Bidenomics has completely stressed our lives.

@pttugbud 9 дней назад

You'll never retire.. buy a $50 dollar hat!🎉

@alex101917 8 дней назад

I don't get it

@highbrass3749 8 дней назад

Only $25 for the hat that says “I’ll never be able to retire”. 😂 Made in China.

@Winter54485 9 дней назад

Grandparents are working their a** off raising their grandchildren. We need help we work all our life and now can’t do anything . Our grandchildren come 1st and we suffer . It’s not fair .

@catherineskis 8 дней назад

Dave Ramsey, Baby Steps. Look it up

@AftercastGames 9 дней назад

Telling people to invest in order to retire is a bit reckless, I think. Half of those people are going to lose money on their investments between now and then. How about instead of telling people to invest and hope, instead let’s demand that our government spend less than it takes in taxes, and uses the rest to pay off the national debt, which would cause deflation, so that when you retire, you can buy a hamburger for $4 instead of $40. How about that for a solution?

@alphapablo3514 8 дней назад

Is ur brain really so stunted?

@nonyabiz9340 8 дней назад

That's the only solution

@goldenwarrior2228 8 дней назад

Anybody who thinks the Government will take care of them when they retire is a fool.

@kaylanewton4741 9 дней назад

What are the numbers for people filing bankruptcy

@vickikenton5439 9 дней назад

I’m retired in California. My home is nearly paid off. Most of my food is beef from a local rancher, quail eggs from my own covey, and vegetables that I grow in my yard. I have zero chronic illness and don’t need to see a doctor. It is possible. Unfortunately it’s not as common as it could be.

@catherineskis 8 дней назад

You must not live in the Mojave Desert, like 29 Palms or California City or Palm Springs?

@kareneDallas 8 дней назад

Even people who tried to save & did save have been hit by events that resulted in having to use 401k $ just to survive. How many people were laid off time after time after time the minute they turned 50. Then there was 2008 when jobs were hard to find - especially if you’re older. If you’re in IT, you’re let go so an Indian on an H2B visa can take your job for less $. I assure you it happens. Our government has failed to hold companies accountable for protecting employees livelihoods. I know many people who wanted to work, had great skills & experience but companies made them train their replacement then let them go.

@rickhewitt9529 9 дней назад

Just one question? What happens when you have a late life divorce and your spouse cleans you out. If you were the highest earner and you give up your house and leave with nothing at 45 or 50, please explain how you recover.

@nonyabiz9340 8 дней назад

It's not possible, your partner destroyed both your lives

@Martin-ol4uq 8 дней назад

Here in Canada we're on it! We have the M.A.I.D. program. Can't afford to live? We have the final solution.

@nonyabiz9340 8 дней назад

Going to be very popular very soon

@jimmieclark4638 9 дней назад

Yes if we hadn’t had inflation I could live with what I earned .

@pep590 8 дней назад

Me too and I bet so could millions. The average person lost 7 grand a year in cost of our needs, since Biden was appointed.

@TheKandidKate 9 дней назад

This is true. My SS is only $500/month and my teacher retirement is only $900/mo.

@catherineskis 8 дней назад

Dave Ramsey, Baby Steps. Look it up!

@TheKandidKate 8 дней назад

@catherineskis I appreciate your enthusiasm, but I am phys disable, 70 y. o., and in deep debt. Cutting my budget is not the solution. I must make more income to keep up with rising costs of utilities, groceries, rent, insurance, etc.

@nonyabiz9340 8 дней назад

How long were you a teacher? $900 is a poultry retirement

@TheKandidKate 8 дней назад

@nonyabiz9340 I think 13 years of full-time contracts, then there were 3 years of temporary partial year contracts in between full-time and 5 summer contracts. State Teacher Retirement Sytem grew at a rate of 2 percent. If I only knew when I was young, and having fun, what I know now. I would have socked away money in places that earned way better interest. I think I thought I would die young since I was a risk taker. Teachers need to be saving $500 to $1000 extra a month for their entire career and build a side business that brings in passive or residual income.

@catherineskis 8 дней назад

@@TheKandidKate Go to the library and check out Dave Ramsey's book, "Total Money Makeover". When I first started, I couldn't afford to buy the book, I had to get it from the library. I had $900 a month. I was down and out.Dave says that teachers are one segment of Americans who become millionaires because they are people who are used to following formulas. Trust me, you need this! P.S. I'm now able to go on his cruise in March 2025!

@thecaribbean8615 8 дней назад

Don't forget the cost of Medicare. I pay $700 per month for Medicare+Supplemental. Surprise! I could get insurance for less by dropping Medicare. WTF? This is a Retirement Tax! I have news. If you are 30, you will need $5M for retirement with the present inflation rate. Back in 1976 when I was 18, I calculated a need for $3M based on inflation when I retired at 65 (simple PV/FV calculation) and it proved accurate. With this knowledge and the present inflation rate, plan to retire after 70 if you are 30. Very few at 30 today will be able to have $5M at 65.

@moregoldmoregold 8 дней назад

Buying a house and going into big debts wrecks people these day

@Mmmmkaaay 9 дней назад

That's why I'm going to change careers to something I'll never want to retire from. Problem solved. Besides, people's health plummets after retirement because they sit around and lose social contact.

@stephaniewomacks8827 8 дней назад

Yesterday I ran into a 60 year old man who said he just got laid off after spending decades with the same employer...who's going to hire a 60 year old? It's crazy the old men will end up working under the table...

@originaloldfashionedtarot 8 дней назад

I am 71 and a constant viewer. Yes, money is tight now but I don't have to work. I am so glad I lived an amazing life when I was 20, 30, 40. I saved some but spent enough to PLAY HARD. I knew I'd be happy I don't have the regrets all those people saving have. NO REGRETS, BOYS. My body feels broken but I know why and I did it right.

@1flying 9 дней назад

Excuse me, I know many people my age that worked all their lives and did not make enough money to be able to save a dime for retirement beyond the social security tax they were mandatorily made to pay. Their working wage was taxed and they paid the social security tax... which was to be a type of government retirement account. They didn't mismanage their money the money that was left over went to pay their mortgage buy food and pay for transportation to and from work. Is it their fault that this government mismanaged the social security and stoled money to pay for their secret projects. Even now social security is being robbed for illegal aliens to live better than most people that have lived in this country and paid their taxes for 50 to 60 years. Easy for someone to point out people mismanaging their money that make money they can blow on whatever. How dare you use that as an excuse for people having to return to work when they can barely walk. The middle classes we're lucky if they got their houses paid off before they retired or had to retire. It seems to be the only way right now to keep from having to return to work.

@gnome2024 9 дней назад

I mean how much coke did you do in the 80s lady?

@lauralogan1896 8 дней назад

Right, he sounds like that out of touch Queen, when she told The Peasants that couldn’t afford Flour or Sugar…”then let them eat cake!”🤦🏾‍♀️😡

@catherineskis 8 дней назад

Excuse me...Dave Ramsey, look him up.

@pep590 8 дней назад

Right and there were no 401k's with a 6% match like all young people have now. That's a big bonus for young people.

@alphapablo3514 8 дней назад

@@pep590 sounds like excuses

@KC50036 9 дней назад

Breaking News: They will still vote the same way and find a way to blame the Orangeman.

@Bearsacci 9 дней назад

Remember, these republicans want to take away SSI. Because they think it’s a socialist program.

@Likeaworm 9 дней назад

Putin and hitler did it

@throughmylens5127 8 дней назад

$1181.00 doesn't seem like much after paying in for 47 years.

@captainnolan5062 8 дней назад

@nonyabiz9340 7 дней назад

They screw you by only counting your best 20 years.

@PAS_2020 8 дней назад

Low income, senior housing in California - landlords are raising rent and average of 6% a year. Biting deeper and deeper into the monthly income. Less food.

@Christine1945 9 дней назад

Im one. I am 79 and still working!

@Mmmmkaaay 9 дней назад

And your health will benefit from it both mentally and physically.

@sensible7668 9 дней назад

@@MmmmkaaayDepends on the type of work because it can also cause mental stress which is not healthy.

@SoUnDMaN831 9 дней назад

I’m 43 and I opened a Roth IRA for myself 2 years ago. It’s one of the best decisions I’ve ever made. I also have money in a Rollover IRA from a previous employer, but the Roth IRA I have right now is my main investment.

@pep590 8 дней назад

Good for you! It was starting to get a little late for you and you have averted disaster! Way to go!

@SoUnDMaN831 7 дней назад

@@pep590 Thanks, that’s nice of you to say. I definitely feel a sense of relief now because over the past two years I’ve been taking retirement seriously

@mirellawentz4688 8 дней назад

Stop blaming people for not investing… that’s bs 🤷‍♀️🤷‍♀️we have to learn to stop this blaming and shaming people for not having enough money. Not everyone makes enough to even save money, the salaries have been ignored for centuries, and that has always been that way, so stop blaming workers…. Perhaps start telling the government to stop taxing and improve wages that make people can live and actually start saving consistently while raising a family, the poverty in this country is staggering

@morganzweifel2488 9 дней назад

There is a business called Spark. It works in conjunction with Walmart. Spark is a delivery service. Basically, the employees of Spark are your personal Walmart shoppers. Many retirees who are able to shop and make deliveries are able to earn the money needed to fill the financial void.

@jacobmartinez7041 8 дней назад

"What I do for the last 30 to 40 year's of your life?" I was forced into a non-negotiable pyramid scheme called SS

@texas55rex 9 дней назад

I need to check who NANA voted for before I give a sh!t

@pep590 8 дней назад

Great point.

@alphapablo3514 8 дней назад

She voted red… Specifically said f no I don’t want no universal healthcare….

@alphapablo3514 8 дней назад

@@pep590nana voted red…

@captainnolan5062 8 дней назад

@RedkeyChristian 8 дней назад

I work at the post office. A 60 year old man started as a carrier recently. Literally crazy

@stjoelawyer 9 дней назад

I am 64 1/2 years old I will be 65 in November. If I retire in the spring of 2026 at the age of 66 1/2 I will have a Social Security of $2500 per month and a pension of $4400 per month, my state does not tax Social Security and will not tax my pension up to the amount of Social Security meaning partial taxation by the state. I have some unique needs and therefore I may not retire. I might continue on in my current job or take a part-time job to pick up another couple thousand a month.it’s real and the sooner you realize that the better off you will be. I never saved anything because I didn’t think I would live long enough due to a physical disability.

@MNJ90 8 дней назад

What is scary is that there will become a time when ppl will give up and say the lemon is not worth the squeeze. When that time comes. America is fall into the biggest depression ever.

@RepuBlicOfChaD 8 дней назад

Have a pension, 457b maxed out yearly, Roth IRA maxed yearly, and PM stacking, but still feel like it might not be enough when I retire.

@gnome2024 9 дней назад

Adam should talk about how the Jewish people dont pay mortgage interest like regular citizens do. Its called Heter Iska, look it up!

@simbad307 8 дней назад

Both my parents worked hard, saved and invested their entire life. No holidays, no new anything, always fix and make do. They both died before retirement. The only people that benefited was the government. Don't be the richest corpse in the graveyard, live a little.

@nonyabiz9340 7 дней назад

Living trust

@catherineskis 8 дней назад

I am 60 years old and I just bought a new house. I moved because the neighborhood was starting to become a slum, it was $77K from being paid off. The house sold, its proceeds plus $15K was put towards a new down payment. The house was financed at $237K. I went from a payment of $790-3.5% a month to $1900-7.5%. I work at the VA, (have TSP and IRA, no credit card debt, car pd off, following Dave Ramsey) and I now work at Merry Maids, too. When I was interviewed, I was asked, "Why do you want to work here"? I replied, "Side hustle". I'm killing my second job, clients are happy, 5 star reviews, and the owner is very happy.

@pamelabranson4246 8 дней назад

That's pretty pompous. My last 20 yrs was taking care of my disabled husband WHILE working 48 to 60 hrs a week. I NEVER went to sporting events or concerts. Yes, I invested in 401k. Never had a 'new' car. I have great kids who have a place for me. I contribute by watching my grandkids.

@MrMex44 8 дней назад

Everything in life are is more expensive than ever. Internet options, cell phone bills, insurances, housing, interest rates, cars, groceries, fast food….No one can say inflation and corporate greed is not an issue. I’m very cautious with my money with a family to support. 5 years ago I was saving about 2000 a month. I have been promoted making more than ever before, changed no spending habits and barely save a dime.

@JordanConley808 9 дней назад

I think this is the first time I've ever heard Adam be correct. Capitalism nor capitalists care about you.

@jkrofling9524 8 дней назад

Lockdowns, BLM, DEI, and open borders have ended my career as a chef. If I could even FIND a job, I'm too male and too pale for anyone to to take a chance getting boycotted for being RACIST for hiring me over any black or brown person, who may also apply for the same job. Toronto, Canada.

@mikeschoolcraft21 8 дней назад

I’m finally able to collect my pension and pay income tax on it.

@BuiltNutritionFitness 8 дней назад

Social Security was never supposed to be peoples retirement

@Amy-kx2qv 8 дней назад

I'm 57. I broke my back in 2014. I crushed my L1. I have preexisting scoliosis, so no surgery for me. I work full time and I also have a part-time job. I will never be able to retire. I thought it was supposed to get easier. It's ok. I'm letting God figure this one out. 😊

@carlagadson7875 9 дней назад

60 and working 2 job and husband on disability.

@westb1028 8 дней назад

If the government had invested our social security in mutual funds from its inception, the average SS payment that is 1500 a month today, would have been 18k!! Let that sink in

@captainnolan5062 8 дней назад

@chrisedwards8681 8 дней назад

THE MONEY PRINTING NEEDS TO BE STOPPED

@PAS_2020 8 дней назад

Good! I hope Nana does return to work because at last we will get great customer service once again!!

@bonitaburroughs8673 8 дней назад

There is now a cumulative effect of inflation. Everything has gone up, not just one or two things. All the bills, groceries, etc. When you have just a little extra each month and now you are spending everything that comes in for less than before... it begins to add up. Then something breaks.

@Rays_Bad_Decisions 8 дней назад

Everything costs 100% more but its supposedly only 7% inflation....

@richardprice4839 8 дней назад

SSI is meant to keep you out of poverty. Younger generations cant afford to finance your beach home in florida.

@philipingram1667 8 дней назад

You guys are all out of your collective minds - my wife and I worked for over 40 years and saved and did without so we could stack cash for retirement. We are both 70. Now thanks to inflation and government programs (CA taxes) my working wife and myself barely get by. I hope all of you get a taste of your smarmy advice in the future because it is not by choice to be retired now with few options for increasing cash flow.

@captainnolan5062 8 дней назад

@tf8837 9 дней назад

It’s not only inflation, it’s the kids living at home. When I was 18 I immediately got an apartment and worked 2 jobs to get my butt out of the house-don’t tell me things were cheaper-we had a very low min wage . I worked 2 jobs and still helped my mom out. I didn’t wait until I was 26 to get my own insurance, I didn’t feel I was owed a nice place, DoorDash and internet w a 1000$ phone in my pocket. I ate 25 cent Mac and cheese and peanut butter sandwiches. These kids are a drain on their parents. Let the older people live for g sake. You can work 2 jobs for a while when you’re young, many did.

@statusquoreject 8 дней назад

Lol you have no idea how the economy works. Outdated boomer

@lloydbraun6026 8 дней назад

All new jobs are going to foreigners especially Indians who work at a third to half our wage. If your children are straight white men like mine they are not even considered for many jobs.

@americanbobtail1 8 дней назад

Compare college tuition costs in your day and today. There is no comparison. In addition, your minimum wage still had higher purchasing power than the minimum wage today. Stop bragging and being in denial and realize the younger generations in the United States are worse off.

@nonyabiz9340 7 дней назад

You're complaining you can't retire because your adult aged kids are living with you? Sounds like you need to start collecting rent from them.