Agreed. It’s not easy to be so vulnerable and share these details. A lot of shame connected to our financial decisions for many of us. But deeply appreciate her sharing as it’s in service in helping younger folks to wake up and pay attention to all the financial things 🙏
Exactly, he said 67 is tough for working but ppl retire aft that age. My dad sold his business and went back to work at 75 to add to good savings :) He is now independently living alone, driving + a Minister who, doesn’t take money for Ministering… + tho ppl think he is 70… he is at 91 in 5 mos :) Romain s/b applauded for this work. My dad is smart but smart Romain has helped ME, who’s close to her age ☺️
It’s always good to talk things through and to receive the help and support you need to help motivate and guide you to improving your finances . I recommend watching Dave Ramsey as well as Romain
because some people don't change unless pressured. Alot of people in the hole are in it because of careless behavior. People can say "yeah i'll change" and not mean it. He also does not just belittle people. If somebody makes a stupid decision he'll say it.@@CherryBelle-sh2jx
@@CherryBelle-sh2jx different personalities with different approaches...both are effective. She was already a young single mom and got pregnant again without the financial benefit of marriage...so many life-alternating poor decisions.
My suggestion for her is to sign up for senior housing immediately as it could take a couple of years. Also, I suggest she sign up with a temp agency. During COVID, I hired someone who was 75 years old (she told me her age right away). She is one of the best workers I have seen and has the best attitude. Blessings to her.
ASAP !!!!! That only thing that saved me and my kids was Section 8 Housing. It's pretty hard to live on $600 a month with two kids. Some states aren't even taking names anymore.
Totally. I don't understand why she doesn't temp. It seems obvious that doing that would help her immediately. I'm 65 and temp full time doing office work. The company where I was placed wanted to hire me after only a month! I'm planning to keep working for at least another five years. It's good money and it beats staying home worrying and feeling regretful.
I feel so bad for her. I was there in my mid 50’s. I got my CPR certification and with my babysitting experience at my church, I was able to become a part time nanny. The best decision I ever made. I have the best families that I babysit for and pay me well. I’m praying that she comes out of this. She looks like such a nice lady.
Praying for her. This is terrifying at any age. I couldn’t imagine being almost 70, and dealing with this. She is saving us all. Thank you for sharing! I’m learning from her mistakes.
@@itsRomainFaurethis is my biggest fear in life. Thank God I have a career and not in her position but the fear of getting to old age without financial security drives me to invest, live below my means drive a 2008 car which was my new car that year. Now people put flyers on it " we buy junk". I laugh everytime. It's a keeper. I have hope for her. KFC was founded by a 60 year old man and he lived into his 90s. The oldest person in my nursing class was 60. There is still hope. She's alive. She can start a You Tube channel telling her story so others can learn. I see a lot of elderly women start channels that are successful.
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It beats the alternative. Also you need to learn your entire life. Obviously if she was old, healthy, and had lots of savings it’s better then being in debt or what ever. Honestly if she has her health at her age and is able to keep a roof and food on the table with out stress she’s doing great.
Yes, not to be mean, she seems like a nice person, but she's neither doing fine nor seems like an empowered woman. More like a beaten down by the machine of life senior who cannot afford to retire.
@Husker. And your life is perfect and without regret? You NEVER know what will come in your future and at meadt she's humble admits her mistakes and is trying to help others by going public!
Agree…very poised and that isn’t easy. It’s so hard if you aren’t reminded in your 20s to start savings for retirement, and many incorrectly think that Social Security will cover retirement, but not even close….it is a supplement.
If you are shopping at Trader’s Joes….switch to Aldi. We only pay about 200 dollars a week for 5 peoples food at Aldis, without even trying to cut back….not 400 dollars for 1 person. Aldo has a bit less selection (4 kinds of pasta sauces, not 8), but totally worth it.
I don't know her relationship with her kids or their financial situation, but there's no way me nor my siblings would let either of our parents struggle regardless of how they got in the mess. We would pull together and help them out. They could live with us until they got on their feet. But we could have been raised differently from others. Just saying......😢
She is so brave for being vulnerable about everything to provide others education. Bless her. Also, bless you for providing a safe space to allow her to be so open. Compassion and respect go a long way!
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She could live with another woman or 2, who are in a similar situation. Joining together to help one another to rent a plc to live, share the bills and companionship. It will help mentally and financially.
The problem there comes when one of your roommates can't make their share of the rent and you all suffer. You've got to have a lot of confidence and trust in your roommates to be able to do that.
She needed the gentle touch that Romain took with her. The coaching she purchased was about hope….something we all crave when circumstances are tough. Don’t give up, ever…
She always wanted New Orleans Pralinés - I had to go there a couple of weeks after our interview for a conference and did get her pralinés ! Sometimes it’s all about small attentions even for a stranger, that make a difference. I am proud of my interaction with her and how she is coming along ☺️
@@itsRomainFaure Romain, you are a blessing for these people. The genuine care and respect you give them helps them in more ways than one. I hope you will reconsider about discontinuing your program.
@user-lf2lf6wy4z I didn't know he was discontinuing. I second that, he should reconsider. This is my 1st video and I'm now subscribing and watching others. This video was a blessing. I'm 38 and have made some of her mistakes. This was truly a cautionary tale for me.
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This was one of the most painful episodes ever. It went from bad to worse. I could literally feel my anxiety level rising. I hope things turn around for this lady. I can't imagine being 67 yrs and facing this.
I'm 63 and also have no savings left. Living on SS and my mom helps financially. She lives with me. I also appreciate your kindness and actionable steps thar she can take to improve her situation 😊
@@Jane5720 I don't understand how you can be a life coach when your life is in such shambles. So many women want to claim to be life coaches but have a long history of nothing but bad decisions. I dated one more than 20 years ago for four years, she wanted no part of a partnership in marriage, only to be taken care of while claiming to be a feminist all the time. I at one time thought I'd marry her but that changed about year 3 of our relationship when I revealed what I wanted from life and what my income and assets were. She hated her job and felt that I should just support her wanting to stay home all day. I even offered to pay her bills off and put her through college for something she'd like to do and build a career in, she turned me down and just told me that she should be able to stay home all day and do nothing because I could afford to support her. I gave it a year to try to save the relationship but finally had to pull the plug on the relationship. I looked her up a couple years back after hearing her father passed away (he and I were coworkers and friends before dating his daughter, he set us up), and I decided not to open that door again after reading her years long blog of empowerment and blame of men for her lot in life. She's 45 now, had to move back in with her parents in both her 30s and 40s, never built a career for herself, never saved any money, bad credit, no savings. She's going to be this woman at 67.
I feel for this lady so much. I am 39, a single parent of 3, plus one extra child I've taken on, and I have recently graduated. If I am not very careful, this could be me in 25 - 30 years. From my perspective, my main issue and hers is a lack of self worth and a difficulty in saying no to others. I want to say thankyou to Catherine because I can really see how hard it must have been to take part in this interview. I also want tell her that she is truly lovable, and a beautiful soul, who is worthy of safety and stability in life. Good luck, Catherine, dig deep x
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I am glad I worked with people 20 years older than me out of college. They all talked about saving for retirement. So my second paycheck, I had my 401K contribution taken out. I did it for 35 years. Now I am retired.
I spend a lot of time doing that around the lunch table at work. So many of my young colleagues are in their mid-late twenties and have a really hopeless outlook for the future that I attribute to an entitlement mentality that they deserve certain things now. These are all educated engineers who don't seem to have the slightest clue about economics or the financial situation our nation is in with the debt it carries. A lot of them are only a few years out of college, earning high five-figure incomes and now don't want to pay their college loans because they had their votes bought in the last election with the promise they wouldn't have to. Most don't understand that the debt is real and they and their children are going to suffer for the deficit spending that has skyrocketed since 2020. They pay no attention to world events but can tell you every sports stat or what's going on in TV and movies, and what the latest social media trend is. I try to tell them to be patient and save their money for a home. They're mad they can't get one today and blame the greed of generations before them for the prices of today, they also don't want to hear that sometimes in life you have to wait for things. Most don't want to hear from me that I had to wait until 38 to buy my home due to the economics of housing. They don't want to live in a cheaper area with a commute because they like their hipster trendy zip codes where they pay twice as much in rent as I did my mortgage living an hour from work. They don't want the three-generation old iPhone or Android, and they won't give up their designer clothes and starbucks. I don't see a lot of them making it to retirement in the workforce, the level of entitlement is just too high today.
A proud achievement: 92% of our participants improved their financial situation post-show, with many becoming debt-free! This impact is a testament to our collective effort. Thank you for everything. Keep striving for financial success!
Very sorry that you're calling it quits. I liked you the best out of the 'advisors' on You Tube. You have a wonderful style and grace with the guests and you truly care about their situations.
This is sad. I just discovered your channel today. I love it. Such a fascinating experience to see you analyze these situations. Best of luck. I will watch for your future videos.
@@sallyprzybil2404 thank you so much for joining us :) I encourage you to check some of our previous videos which you may find very interesting. I am still active on YT but taking a pause at posting so I will read you future comments ☺️
Stories like this scare me but also motivate me to plan. I've heard countless of these stories from elders in the workplace. I've learned that if you don't plan for retirement you will pay for it.
Max out 401K or IRA deposits to 20% to 25%. The author David Bach has written several excellent financial books (The Latte Factor is one) where he explains that since you are investing pre-tax dollars in retirement accounts you are lowering your taxable income. So you are building a retirement portfolio as well as lowing your taxable income when tax time rolls around. It’s win-win on all levels.
@@lisamarielund6292 , However, if those accounts are "pre-tax" they will be taxed when utilized "at the present rate" of taxation, which most certainly be much higher. 💩😱
This is my worst nightmare. My mother is in this exact same situation. She never saved anything for retirement and lives off social security. This woman needs to look into low income senior apartments. It’s where my mother lives. She pays about $200 a month.
@@shayscott7498- I just mentioned this. This Woman expects her sons to take care of her. She’s on this show to grow her own business because I’m sure her boys aren’t fooling with her.
I have watched this episode twice. Catherine is just lovely. As an older, just retired single woman, her story resonates with me. The years do just fly by and suddenly you haven't done the things you meant to do. She fell into the I deserve this so I am going to buy this on credit trap. I am happy that Catherine found a job. I was thinking she might do well in the educational system. I also thought pet sitting/ house sitting might work well for her too. Another commenter recommended looking into senior housing- great idea. You provided Catherine with some wonderful guidance in a caring manner.
Thank you for sharing your story, and for trusting me with your time! Your comment is valid, and I have shared with Catherine the idea on senior housing :)
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However, she cannot exceed the limit of income set forth re: the fact she is already collecting SS, or she will be required to pay penalties against her benefits. 😒
@@debracisneroshhp2827At 67 she is probably already at Full Retirement Age, or will be soon, at FRA you can receive your SS and work as much as you want to without penalty to your SS due to income. She would still have SS and Medicare taxes taken out of her check, that gets taken out always no matter what the circumstances.
She is bankrupt. I applaud her for being honest and transparent with her situation. Can her boys help her? If she knows Excel and is organized perhaps she could be a virtual assistant or a part-time receptionist or an office manager. If she has a car, she could stay with elderly people of be a companion to elderly people in nursing homes. Families would love to have someone who would check on their loved ones to make sure that the nursing home patient is receiving proper care and someone to sit with them.
Yes, this is a great suggestion. Big shortage of caregivers. I am planning to do the same when retire. Coming in USA after 40 yo from socialism with zero knowledge about managing finance (costly life lessons), raising kids, helping relatives aboard.. not much left to build financial cushion. At least, feels good knowing my condo will be paid off by 65.
I 100% agree with the comment regarding becoming an elderly companion. Most skilled nursing facilities or rehabilitation facilities are always looking for people to sit with elders in the hospital or nursing homes. zmy elderly sister did it for a couple years at her local hospital. I know in Seattle downtown there are at least 3 large hospitals. Plus a VA close by. Good idea! And it doesn't require standing or hands on.
So glad I found this channel. A lot of other channels are geared for younger people making financial mistakes but they have plenty of time to correct it. This is helpful for us older folks who have made mistakes.
This woman is frankly impressive. She has been through a lot, lacked awareness around the need to plan and made errors in judgement (who hasn't?) but there is no self-pity in her approach and her last words in the interview were intentionally for the benefit of others. It really is a low blow to judge her harshly, especially if you are not a woman who has been in abusive relationships and/or been a single mom.
Me too @61 years old. Same! I’m grateful that my net worth of assets is really positive vs the zero liabilities that I have. I just gotta keep on this path.
Very impressed by how the host was kind, diplomatic and tactful with his guest and provided an educational experience for his audience. He demonstrated knowledge and care for the individual. He also displayed the guests’ specific financials in a way that could be taken in by the audience. Highest praise. I’ve seen a lot of Caleb hammer type financial audits but this was actually educational, informative, and helpful (with compassion) to the guest. He provided realistic solutions and pointed out key issues. Great job.
New subbie here🎉 I also watch Caleb financial audits and I can definitely tell you there’s a huge difference, and how this channel handles his audits with his guest! We need more channels like this!
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Bless your heart Catherine. I got really, really sick in my late 30's. I had to go out on disability. I'm totally alone, no family members. It's very, very hard to make it. God has always taken care of me. God bless you Catherine 🤗
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When he's asking her about how she kept putting off saving for retirement even at 40And later age, that really hit home. I started a retirement account for myself at 33 but I had this mentality in my head that I would get married someday and we would figure it out. That the 2 of us together would be OK. I'm 65 years old without any kids and I never got married. I have worked in non profit most of my life and those are not high paying jobs unless you're at the very top level..It's really easy to talk yourself into thinking your future will be taken care of when You marry I think.The truth is, married or single, it's all on you. It took me a very long time to learn that.
@@marianrosin6486 I dated a woman like that for a short time around 10 years ago. I only dated her a short time because it turned out she and her adult kids were pretty much dirtbags. They either couldn't take care of their mother or just wouldn't. She made the mistake of trying to friend me on social media and when I read her profile and saw her and her daughter publicly calling each other bad mothers and 304s, that was all I needed to see to know there was no future with this woman. I'm 52 and take care of my 91 year old mother, having moved her in with me in 2020, she was on the other side of the country. She took care of me growing up and in the first couple years of adult hood as I struggled to find a good entry level job toward a career path in our rural, depressed community. Ever since I left home and she became older, even when I was still a renter I always rented apartments that were at least two bedroom just in case she ever needed to move in with me, and she always had the standing invitation to do so whether she needed to or not. I couldn't imagine not taking care of my mother, now or ever.
So many of us are in or close to her situation. Baby boomers are the first gen to find out issues with managing your own 401k, loss of corporate retirement programs, fears of future government cuts to social security and current rise in homelessness in the senior population. Thank you Roman for your empathy, and bringing to light the lack of preparedness, financial difficulties and corrective strategies at any age to achieve some level of secure retirement.
You are spot on with being first out of the gate to manage our own financial retirement. There were no instructors or mentors to help navigate this journey. Women that raised children, many like her that did it singular or without much financial support, were trying to survive on all monies available. Paying yourself wasn’t always an option over maintaining a household. I’m happy she shared her story, it will let others in her exact situation know they’re not alone. Best to all, retirement is supposed to be easy, not hard.
This is exactly why i hound my parents to get their shit together. I lent them a few grand to get a jump start on their cc debt and now they are within a grand of being debt free aside from 8k on the mortgage. Mom is retiring next 2 years and dad is retired.
We didn't have the internet to learn as much as younger people do today. What helped me was my dad always preaching that the "debtor is a slave to the lender" which helped me stay out of debt. Started putting money into a 401k at 25 but made dumb investments so I don't have nearly as much as I should have but I'm 65 and doing okay.
I’m 63 and finances were not often discussed when I was young, even in the family. It was seen as a taboo subject. Luckily I found an AM (as in AM/FM) radio show in my 20’s that discussed stocks, bonds, mutual funds, etc. There was no internet of course, and not many tv channels with shows about money like today. Thankfully I learned on my own and will be ok in retirement. Shows like this are excellent tools for people today.
Yes, finances were a taboo subject. But we were taught basic arithmetic, and that borrowed money, eventually, had to be repaid. There are a not-statistically-insignificant number of people who grew up with paper money and coins whose thinking about credit payment and debt seems to be: "Well, you know, it may or may not actually be real. You never know. And I don't FEEL like paying it. (Yes, I've heard this very sentence.) Do young people who grew up with virtual money (and common core math) have a closer understanding of financial transactions, or are they a further step removed? (Genuine question.)
@@Lee-tt2yb regarding your question about young people, I think everyone needs to learn financial literacy. I don’t think virtual money or common core math makes any difference when learning about investments. Discipline to save is lacking for many as you described. People need to learn about mutual funds, stocks, CD’s and the like so they can grow their money. Even if people don’t have a lot of money it’s important that they learn how to manage what they have. I’ve heard that there is more teaching of financial literacy in schools which is great.
I was a slow student. My finance teacher taught me well. No credit cards. No expensive cars.. buy a home when I earn a good income and pay it off . I'm now 49 of age dept free for years raised a family and building a house for my daughter on another property I brought years ago when I had spare cash all from good basic advice and rules.. thanks finance teacher.
Mad respect for this woman to go on this show and bare her situation to the world. She is highly intelligent - and honest about her mistakes. I hope her message helps some young women out there - and I hope people support her business!!
This was a great episode. My jaw dropped when she said she had an economics degree and is in this bad of a situation. I feel bad for her😢 but I am glad Romain is doing his best to help her. I love listening to his accent while I am learning on his channel, too. 😊
Chose the wrong degree. Always look at your future when you are thinking about the right degree for you. So many people chose the wrong direction. Look at your future, you should be able to be employed well into the future. That’s how I chose my career.
Thank you for treating her with respect and kindness while telling her the truth. I am almost in the same boat except I am 49 and I can take on the advices given here. Blessings to Katherine and to all 🙌
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She seems like an empath. She always wants to help others and forget to help herself. She mentioned being under water. She is now living with family which she most likely would rather not . Bless her for having courage to right her way to a better path ✌ 🕊.
She is brave to reach out for help and tell her story. She is empowering herself and others. She has taken the important step to continue to keep trying.
This video was well done and illustrates a powerful message that too many of us take for granted. Catherine appears very dear. I have much respect for her graciousness in facing (required but) tough questions. Her willingness to share her story is highly commendable as it can also encourage others to be financially mindful. She has the fortitude to learn beneficial ways to manage and generate a better income. Groceries are one area where unrealized funds can be "mined." There is no shame in visiting food banks, especially when household income is low. Romain's audit offered sensitivity and compassion while suggesting applicable actions to bring in much needed income. (Note: Romain's YT channel is one of my favorites for stories about personal finance. His intelligence and genuine respect for all his guests are what makes his a channel of real quality.) 👍
Good morning ! I will say what an amazing message to wake up to :) you know I was quite disappointed having to put a pause the YT channel but comments like this make me feel very proud so thank you! Catherine was indeed courageous to come on the show, and while she may not have made the best decisions, deserved all my respect and understanding, what was done in the past is over, criticism is easy, but findings solutions is another ball game :)
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This was kind of her to open up to share with others who need to hear her story. It made me so sad for her. My husband of 39 years has always been so tight with money and my home based business flourished for twenty years until my health rendered me disabled at 47. Between him keeping us living below our means and my higher income, we are blessed to have a stable retirement and are able to finish putting the last two of five children through college. Please, people. Be afraid NOT to prepare a retirement plan. You don't know what your health will be. Save while you can earn!
A lot of people don't have enough to survive during their old age. Its very common. What I can say is this. Working is not all BAD. A job provides a reason to wake up early in the morning. It provides social opportunities. It provides structure to your days. It provides a reason to go to the gym and exercise. Last but not least, it provides some income in addition to the Social security income. Myself, I will probably not retire completely, but work at least part time, just so I don't have to dip into my savings/investments. Complete Retirement is OVER-RATED!
Kudos to the client who had the bravery to seek help and to hold herself together during the show, in what must be a stressful and confronting situation for her. Your compassion, Romain, is comendable.
My heart really went out to this woman. But I don’t understand how someone is in a life coaching job, but their own life isn’t in order at all? I’m assuming her kids are in the same position since they can’t help at all. This was just sad but a very important video for young people to see.
It’s common…..they just can’t see themselves at a normal job….she needs fast income NOW…..Target $15 an hour ….budgeting….stop spending….many of us have really bad backs, but we have to eat and pay rent …
What a fantastic, brave lady. 👏 It's a very lonely road being in Catherine's position, and I hope she realises that her honesty and courage is appreciated by all who watched the interview. Wishing you the best for the future.
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I salute you, Romain, for your compassion and courageous frankness. And Catherine for facing up and making the necessary changes. When i was a little girl in the 1960s i went with my campfire group to sing Christmas carols at a small care facility for elderly women. There was a woman terribly crippled with arthritis in a wheel chair. At night they rolled her chair into a small closet. I never forgot her. Ive made lots of financial missteps in my 67 years, but i owe my retirement security to that woman. It terrified me into preparing for my elder years.
What a beautiful, courageous, gentle lady. Well done for being so honest. Reach out, take the advice here to put yourself on a housing list. At least you will have that on the back burner. My father worked until 6 months before he died. He was a few months shy of 82 years. He loved working. Your life is what you make of what you have. Such sweetness, honesty, gentleness has great value. We get dealt with different hands of cards. You have a valuable deck. Find something to bring you even the smallest measure of joy. You're organised. Think about reselling stuff that people are trashing. I have confidence that you will prevail. Love Helen x
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Thank you for being the classiest & most empathetic creator in this space. You don’t let people walk all over you, but you’re aware of the TRUE cost of living & don’t berate people for their mistakes or simply their personality traits expressed in moments of stress.
Thank you for this comment! I want to create an environment where people can open up and feel hope because there are always actions we can take to get out the situation we are in :)
There is such a lack of compassion in the world and it’s so easy to judge. I love how you let this woman tell her story and listened with compassion. When people have the courage to admit their mistakes, the deserve a compassionate listener ❤
Unfortunate reality living in the US is you can save your whole life, pay your house off and lose EVERYTHING to pay medical expenses due to chronic illness or disease. Some seniors pay thousands a month just for medication.
This! I know a few people this happened to. I actually became disabled at 50 and had to dip into my savings and retirement funds. I did everything right too. There really is no guarantees, but I'm glad I had what I had saved.
Kudos to this woman for sharing her situation! She will never know how many people she comforted (she us not alone in this very situation!) and helped.
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Catherine, you look terrific! I would never have guessed your age. I’m in a similar boat. Still working but cannot retire until 70!! Time really can get away from you!!
Shes still blaming others though. Eg blaming her parents for not teaching her finances lol. But agree his accent lends the situation so much more dignity!
You can still survive with no savings if you have no debt and an emergency fund ($5K to $10K). You will still need to supplement your social security with savings and a job as long as you are able to work. By 67 everything including your home and car should be paid for. Remember, you can sell what you don't need and consider liquidating and moving out of the country to a place where your money has greater purchasing power.
I wonder though what the percentage of retirees as renters is today, and will be in the future. I've known a lot of people over my lifetime that were the working poor and never were able to buy a home. Being a homeowner is the key to financial stability that you will never have as a renter. I paid my mortgage off in only 13 years because 2020 scared me, I thought the world's economy was done, and I'm still not convinced that it isn't. My minimum liability per month while paying the mortgage was about $1500, and would have gone to $1700 due to taxes and insurance if I were still paying that mortgage. Having paid off the mortgage and having about $25k set aside in the bank for a new roof, HVAC, etc, my taxes and insurance obligation for that roof over my head is now down to $500 (was $300) a month in my single family home. You can't rent a run down studio apartment surrounded by section 8 housing for that little. I honestly don't know what the lower earning, working poor who never owned real estate are going to do in retirement. I see elderly group homes and mass elderly homelessness in our future, I'm sad to say.
I see that too. I have always been a lower income person. I live very frugal, but in a decent area. I can make it on SS, part time work and savings. I know I can do this into my mid to late 70's for sure. But after that depending on how my retirement funds grow or don't will be the unknown. It was a known before COVID and it was all well. Post COVID things have changed.
@@suzanneemerson2625 Yes if you can, but most people do not have enough money to retire. If they can't retire they sure as heck can't pay for long term health insurance which covers Alzheimer's. And since that does not come until 80s or older if you are living tight you will just be surviving. At that point you will still be cared for in a nursing home on Medicaid. And with Alzheimer's you will never get back out. So really the worst is you will have nothing to leave family if you even still have family. And with Alzheimer's you really have no concept of life anymore anyway. When you look at the statistics it is bad, the amount of people who could not even afford a 400 emergency expense is insane. No matter how much money they make. They will worry about today and not the future.
Catherine is a cautionary tale. There are many people in a similar situation. Catherine should be able to get out of this. She's educated and knows what to do. I wish her the best.
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
I love how compassionate Romain is and how that attracts viewers who are also the same. I was pleasantly surprised to read such respectful, encouraging, and empathetic comments.
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
This is one of the BEST most helpful videos I’ve ever watched in my life. I’m almost in the same situation as this woman. The advice is practical and very specific to where this woman is. No need to talk to her about investing and 401ks. Her needs are profoundly different than people who have financial resources. He nailed it. I subscribed.
At around those ages it is very common it is the reality. Not everybody had top paying jobs as single parent. Retirement education was not this much well known. Lucky to the ones who had high paying jobs and did not live month to month. Not everybody is super human. Criticizing is very easy.
@@itsRomainFaure Yes valid but I do think she should stay living where she is at. If she is an au pair for an elderly person and she lives there rent free, what happens when that elderly person passes away ? She would have to find another au pair job and the cycle could continuously repeat itself with no real stable place to live. The alternative could be doing those types of jobs without living there. I wish you the best Catherine !! Note: Catherine could get coaching clients from the exposure she gets from this video. If she has a website or an email that people could contact her at, it could be put in the description of this video. Maybe exposure is what she is needing for her to get her coaching business off and running.
Bless this lady. SO many seniors are in her financial position or far worse. Feel very bad for her. You can tell she’s kind. And I’m glad he was kind to her. She’s still pretty. Hope she meets someone to love and value her. As for work I hope she goes out and gets a full time office job or something with a steady income. As long as a person is alive, there’s still hope to turn finances around. I wish her good luck.
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
I’ve always struggled with money no matter how hard or what method I used. At 57y.o. I learned I was diagnosed with Asperger’s when I was young but they didn’t tell me. I’ve slowly been able to adjust my life and this year should be my best financial year ever even though I’m in a bad spot at the moment. I’m using a planner for Autistic/ADHD people that has a Funnel System for my finances. I’ve designed a system that gives me the information I need in a way I can visualize it as numbers are a foreign language to me. Videos like this are great tools and I appreciate the effort in making them.
Thank you very much for sharing your experience, additionally I want to congratulate you for taking control of your finances, even when it’s not easy !! Cheers to you
Brave to appear here! Coaching women to set boundaries may be better served as volunteer work. Her body language and energy does not match what most look for in a coach. Catherine needs a full time paying job and reducing her fixed expenses. I wish her luck in taking control of her finances.
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
You get to live the life you make for yourself. She basically pre-spent her chance for a comfortable retirement by spending every cent of her income during her 40s, 50s and 60s The 'single mom' excuse was valid from 26-44. But since her kids turned 18 by the time she was 44, she has had 23 years to spend less than she earned and to save up for retirement. "I didn't know about personal finance and budgeting" isn't a valid excuse when you have an economics degree and there are plenty of books on the topic she never bothered to read during the past 50 or so years. Sucks to have to work at 67 to pay off $20K of credit card debt, but she spent that $20K when she didn't have it, so basically has already had the 'enjoyment' from that spending and now has to pay for it in instalments.
There may be unresolved trauma that has caused this self-sabotage. The thousands on coaching were spent just last year not 30 years ago. These are not just bad decisions, but continuous dumpster fire decisions. And on top of that, she clearly has a strenuous relationship with her kids.
Catherine is correct that we get almost no education on personal finances. I was lucky that my mom taught me the dangers of too much debt. I am living on my social security and small gig income, but am managing with zero credit card or loan payments. This is a great show to understand financial strategies.
As an older woman living on a fixed income of below the poverty line. I can say this women needs to forget about buying a tiny home at her age. She needs to default on her credit card debt and save every penny. They will sue her. However, she has no assets for the creditors to go after. At best they will put attachments on her car. So she can't sell it. Drive it till it's dead. The social security can't be garnished. Look into senior housing. However, in 1800 month, she won't qualify for a reduction in rent . She needs to stop with her hobby job. I feel for her. However, she could life fairly well on 1800.00 a month if she moves to a small rural area. Or file bankruptcy and forget about a credit score. It's silly to hold onto wanting credit with no saving at her age.
Filing bankruptcy is definitely an option because she has nothing for anyone to take, and her Social Security would go a very long ways if she didn’t have credit card debt. Bankruptcy also requires you to do a couple of financial courses, which may be of benefit to her so that she can stay out of trouble. Her credit score is already low and, most people receive credit offers shortly after filing bankruptcy so, even if she needed to get a new car in the near future, she would have an opportunity to do that. tiny houses used to be cheap, but they are now getting expensive. Sharing housing with other senior women would be a possibility and is something that needs to be done more in the US because it would help a lot of people.
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
You have a very kind approach. I feel bad for her and it's true time goes so fast so for you younger people do it now like he says even just start with a small amount as it gets you going. I just turned 65 and the alarm bell didn't ring until about age 47 when ING gave me 50.00 to open a retirement savings account. Thats literally how l started. I will be at 220,000 at end of month and still working and saving as Social Security is at 1623 for me so will wait to let it grow.. No credit card debt but a mortage that's not too bad with lots of equity and car paying off as well as student-loan on INcome based. I'm so happy to hear she got ESL job that's perfect.
CATHERINE is BACK! We have a 4-month update video coming tomorrow at 8:00 am PST I look forward to reading your thoughts! Thanks again for your support😄
This is your first video I've seen. I'm so glad I saw it pop up. You're great! I'm Australian but lessons are lessons. Thanks for the upload and being so respectful with her. 📚☕
Some choices we make have profound impact on our lives: education, partners, employment, finances, family, the friends we have. Credit card debt on social security - horrific. A brave woman doing this interview, unknown what the future holds for her but others can learn and benefit from this.
One more new subbie coming along. Love how you treat your guests with respect & kindness. This episode really shows you're not about high subs achieved through all the drama and aggro, and my ears are not suffering from constant screaming 🙃
This interview was very enlightening and I really appreciate Romain’s calm assessment and processing of the situation. I applaud this woman for seeking help. Based on her story, it does seem she needs a lot of affirmation. I was taken aback at a couple of things, stating she was not taught good money management by her parents, and implying her financial choices were a result of abusive relationships 40 years earlier. Many of us have experienced these things and have to grow up quickly and take responsibility for our choices and our future because no one else will.
There is so much more than just numbers on a bank account, and that's what I am trying to showcase here. It is about understanding what the individual went through and how can I speak to what is important FOR THEM!
Bless you for this video. At 67 one comment to find Temp work has propelled me into the job market again. Going thru a reputable agency. signed up today to look. while i own my own business it has not been prospering. This video gave me the courage to start looking.
