Are You CONDITIONED to Retire POOR? | Don’t Do These 10 Things 

Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.

It seems like I used the FIRE movement to manage my finances. Investigate it further by doing some research. With the help of a financial professional, they were then successful when investing in stocks, cryptocurrencies, and real estate.

I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

The advisor that guides me is Annette Christine Conte, most likely the internet is where to find her basic info, just search her name. She's established.

Excellent share, just inputted her on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal.

I like my new gas-powered truck. Don't tell me what I need. This retirement specialized (Schmidt) owns a new Tesla. Musk & I (stockholder) are happy.

​@@mattfoster2021Who cares

@@mattfoster2021 you have auto loan? My guess is you have a loan on a very expensive truck and are upside down....the spend now pay later plan results in staying broke with shiny things.

@@mattfoster2021The new gas powered trucks cost way more than say a Model 3 Tesla. My friend just purchased a new truck and it cost over 70 grand. Vehicles in general have gone off the rails.

They usually are indeed!

Excellent

Bingo! That's what I've done. You learn two things doing that 1: shiny trinkets aren't really all that interesting, and 2: exponential growth on investments over years of time is an amazing thing.

​@@xlerb2286He said avoid debt. Didn't mention anything about investing.

spending below your means and steering clear of debt. These habits have helped me maintain stability and enjoy retirement without financial worries."

Exactly! I hear you. I keep thinking about working a few extra years, but I'm also beat. There's gotta be a balance.

wow this awesome 👏 I'm 37 and have been looking for ways to be successful, please how do I make such weekly??

@@babytruca02Maria Angelina Alexander I really appreciate her efforts and transparency.

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement.

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

Same here, I got to know about Abby Joseph Cohen Services from Schmidt in 2021. Since then I've paid off 160,000 USD of debt. Now I'm working on building an emergency fund. I didn't even have a savings account three years ago.

I could really use some help here, as a meagre salary earner I need to try and earn more passive income

How can i reach this abby Joseph Cohen, if you don't mind me asking?

​@@PoshanMind Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

How far into Abby did you reach ?

“Want what you already have” is a great motto and the key to a happy life and retirement.

Think ahead.

he’s on vacation

The sports leagues show require some kind of financial classes. It’s such a shame to have that kind of money opportunity and not have the education to keep the money.

It's hard to understand when you're very young that the money won't keep coming in forever.

The answer is, like with most inquiries about investing, it depends. I would advise you to look into advice management.

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this advisor?

'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

Thanks, i did a quick web search and i found Sharon, i hope she responds to my mail.

Im retired and will be 72 in the fall. I have a part time job. I work as I want, 10 to up to 20 hours a week. I enjoy it. My house is paid off as is my car. No debts. I have 1M+ in retirement savings. It’s smart to stay engaged and to bring in extra income. Those who don’t know that are kidding themselves.

@@beth3535. When you’ve worked hard your whole life and followed and scheduled existence, it’s nice to have freedom to do your “wants.” Once money is no longer an issue, it’s nice to be able to do that.

your last sentence undoes everything. People are not delusional because they choose a different path than yours.

@@Mexicobeanpole Of course. But working part time needn’t compromise on that.

​@@islandhopper100That's not what I was referring to. The last sentence means it's scary that about 70% have even less saved, because we don't have a huge pile saved up!

Same here

Correct. I think the thing people have learned (and should always have known), is that if you’re not sure about your path forward at 18 years old, going to college just as soon as etching to do can be an expensive mistake.

@@dforrest4503 Sure can. I've got a bachelor's I've never really used (I don't regret getting it but it did cost some $$$). What made me money is the master's in Comp Sci I got while I was in my early 30's.

I had a 1965 impala. No torn seat. I fell like I missed out.

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

I'm sure the idea of an investment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 880k within 16-months from an initially stagnant Portfolio.

@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

Excellent share, just inputted Marisa Breton Dollard on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal.

Did you forget that he tried to use violence to overturn a valid election? If so you are a hypocrite!

I believe thar is 40% of their average income while working and is gross, not net. I know that my social security will be about 110% greater than my current net income.

After solar my power bill went from $350/mo. average to about $10/mo. The $10 is the minimum payment.

You can say that again, I was walking past of few people drinking out side of a bar lamenting how their degree in Geography got them absolutely nowhere. And they all had factory jobs earning $18-20 an hour....

I disagree. It's the student(which means it's the parents). Any degree means perseverance. At the same time learning social skills = a huge factor in business. I read a study in which students who were accepted to Harvard but went to local state schools were found to earn as much as the Harvard students. They have a long life in front of them, a few years working modest jobs while in college earning a questionable degree doesn't hurt as much as we think and may make them more interesting.

My 50 year old sister complains that she got 2 sons through college with no college debt, and neither one is working in their chosen field. One is working as a bartender. It seems I had better financial success than them with no college degree. I wonder why that is?

@@Mexicobeanpole Ask them. They might appreciate an uncle listening.

Being a future CPA, I am sure he measured the risk thoroughly before investing in the decoder ring!

@@islandhopper100 and he probably didn't have the same motives as the kids who went for the x-ray glasses.

@@Barbara-te7xz i see your point..where did I put those dang glasses?

​@@Barbara-te7xzHeehee!! 😅

do well to search for dividend aristocrats and choose six to ten companies with over 25 years of dividend payments. Consider working with a financial advisor to build a strong portfolio.

Speaking from personal experience, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.

This wouldn't be the first time i am getting the suggestions to use one, but finding a decent one has been challenging. Do you mind leaving some recommendations?

Thank you for this pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a calI session with her.

That woman transformed my entire life for the better. Among the folks I've met, Leah appears to be the most trustworthy. I'm surprised you know her as well.

yikes, you are one unexpected event from financial ruin especially in CA.

@@DanaLuvsNature major medical, house gets damaged/destroyed are the biggest risk. if you house is severly damged what willl you do with no insurance and 80k?

@@islandhopper100 I tried to think up any catastrophe to head it off. I held a min wage job for 12 yrs in my 20's (Born with eye issues, job requirements changed) My medical is 100% free after a $15 a mo. premium. If we get in dire straights, Medicaid would cover my $15 premium and his $175 Part B. So far, we are left with $1700 after Part B is taken out. Homeowners insurance is not available when you live off-grid though my neighbors are on-grid. Wildfires is our #1 threat. Our Roof is new, it's metal. Trees?Brush is removed surrounding the house. We lived in our older RV while remodeling the home so I guess history could repeat itself. It wouldn't be too bad, there is an outdoor kitchen and outdoor bath/shower all made of corrugated metal so it would stand in a fire. It's nicer to cook outside, we just hose off the kitchen and it keeps the inside from heating up. The outdoor bathroom is nice too. I planned for wildfire so would have to live in our RV on the property I guess. That wouldn't be ideal but it is possible.

​@@islandhopper100 Hopefully I've thought of most everything but any ideas I appreciate, thanks. Ponds surround our property w/a home DIY sprinkler system & metal roof. Fire is the #1 threat. An outdoor kitchen keeps the house cool, it's made of metal & brick. Same with the outdoor bath/shower. Easy to prep meals then hose it down. I worked a min wage job for 13 yrs (born w/eye disabilities so I have poor eyesight) which provided excellent health benefits turning 60 for $15 a mo. We have no out of pocket costs. Live off of $2200 a mo. *after* Part B is removed. Drive if needed but chose not to upon failing the test. He's on a breathing assist device at night (BPAP) it's scary. Home is off-grid so homeowners ins. is not available. Trees/brush surrounding the house removed. Newer E-Car. Drive an old pick up in snowy winter, about 2 months a yr, only on Sundays for 1 hour. E-Bike a lot. Year round creek + 2 springs into our house w/a tiny pond in the fenced back yard. It was $25k for our current car. Oh, and 20k cash in a hidden safe inside. He adds to that most months. House was a shell w/only electric & plumbing & walls so all is new, incl. the Mini-split ac/heat (but we have an extra one too). I wish we had a wood stove but he didn't want it since he has breathing issues. Our dog keeps bears away. I guess we'd live in our older RV if the house was destroyed, using the outdoor kitchen/bath on the property. A pain but do-able. I watch Little House on the Prairie then truly realize how blessed we are, even in that dire circumstance. 12 min to our wonderful bible church, a mom & pop health food store, a gas/mini mart, two community centers each about 12 min away (opposite directions) offering activities incl. volunteering, a library, school, 2 cafes, a park, 2 rivers, 2 lakes, nursery/feed store, & fire dept. 30 min drive to a town of 18k population. This is where our dentist, doctor & our son is located

I'm glad he does. My pension fund owns shares in it, LoL

@@Jacquie_Kirk_111 yikes. I would not be bragging about a stock that has gone from $45 to $7 a share lolz. Not hard to see why so many pension funds do so poorly and have extremely high operating expenses.

Well, honestly honesty, we need a pep talk to help us get through the uncertain times in the world around us or our personal situations. Geoff is very calming. Probably a great Dad. ☺️

Of this I’m sure - read my book on this subject: The Busy Adult's Guide to Making College Happen!: The Step-by-Step Guide to Finding the Time, Money and Motivation to Complete Your C... a.co/d/iceXqMT

But would the same individuals have made less money if they hadn’t gone to college? I mean the ambition to go to college could cause similar success without college. And we can clearly see specific individuals who make less money because of going to college.

A lot depends on what your degree is in. Professional degrees (medicine, law, nursing, etc.), STEM degrees (engineering, computer science, etc.) do. Others may not be as certain. And always check the earning potential of your program before signing up.

@@jaketaber8553 Depends on the degree and when you got it. I graduated with a BSEE in the 80s and engineering has been a great career. I would have been lucky to make half as much over my lifetime without going to college. Truth is it doesn't take that much ambition to get a 4 year degree, or a 4.5 to 5 year degree for most engineering students. When a big deadline was coming up there were the occasional 60+ hour work weeks but they were the exception. When I hear entrepreneurs or small business owners talk about how much they work there is no way I would have ever put in that many hours, I am just not that ambitious. Not to mention the stress of running your own business. College is not for everyone, especially given how very expensive it has become. But neither is starting your own company or learning a trade.

@@jaketaber8553 It doesn't hurt. Making them more flexible in their working life and more interesting socially.

Because 4 years of 1 guy crashed 40 years of work and saving? What a maroon.

My stock portfolio was red for 8 years of Obama too! Life was profitable with Trump…

@@virginashaffer172 stocks crashed in 2008, been going up ever since. No one believes you.

slow learner

@@virginashaffer172 facts: annualized return % of S&P 500 by president. Trump 13.73% Obama 13.84%...if you were in the red then the problem was in the mirror.