@@turtleanton6539Yeah that’s a pretty boring and defensive life like almost a scared person mindest but I can understand the economy doesn’t give you any other option
Spend all day Monday to Friday doing something you hate so you can spend the weekends doing chores while waiting for your two week vacation that you pay for on credit so you can retire in 50 years, if you live that long, which for most people means just about getting by while they wait to die. And finally after all that, your entire lifes earnings go on death care and gov taxes. Madness. I gave it all up at age 49 and now I'm "retired" at 55 with no debts, no one to answer to and master of my own destiny
@@TomScryleus I am watching your journey with interest, because you really are on the same trajectory I was, which was to realise that it was all a scam while you are young enough to do something about it. Getting off the treadmill is not easy but it certainly is worth it! The first key being pretty much what you said: Stop buying stuff you don't need. The second key is that it really is a journey not a destination. The third key is realising that "retirement" really means doing what you want to do because you want to do it, not because you have to. Then it ceases to be work and becomes a passion you happen to make sufficient income from. I can honestly say getting to the point where your time is almost entirely yours to do with as you please is worth the battle!
2-week vacation sounds nice. My company doesn't even have that. My managers' logic is that they're too afraid you'll look for another job so the maximum number of days you can go on leave is 3 days (you can max it out to 5 with the weekends).
Retirement is what you make it. Make sure you have no bills and can live frugally. Eat healthy and exercise. I am low income living on social security. I have a few dollars to splurge if I want to. I make this time to relax, travel, do hobbies, etc.
I like how you think, and I agree 100% But there is a part of me that says you deserve better. you know what I mean? I congratulate you on how you adapt to your system though. I envy you, and I want your lifestyle.
One of the great errors of Western countries was to abandon multigenerational living. Generations of families living together for economic and emotional well-being. Instead we choose to lower our standards of living, raising our stress levels while complaining about loneliness and no purpose in life.
Some see it as error. The elite however disagrees, and they planed that for that to happen in other non-Western countries too. One World Government. new world order
@@flyingpuma9729My dad was a boomer and he was one selfish son of a bitch, he basically never gave any of his children a single thing but always tried to use his children for free labor, the moment i turned 18 he kicked me out and i had to join the military and cant afford my own house, this world is truly evil, my father had it so much easier than me too.
My father went to work every day for more than 40 years and as far as I could see, he truly hated his Job more than anything, all he ever talked about was to retire, to reach 60 years of age and becoming eligible for retirement, that was his only goal in life basically, the only thing that was driving him forward. He retired a couple of years ago, thus reaching his life goal. Now he is more miserable than ever, his pension is not very big and he doesn't know what to do with all the free time, but not much money. So be careful what you wish for, it May just come that your so called dreams come True.
@@TomScryleus when government pensions were created they were never meant to be claimed for very long, retire at 60, claim until 65😢 after working for 50 years. Increasing life expectancy means someone could easily live 20 years outside of work. The increasing life expectancy did not come with increasing quality of life - the end being a long, tedious decline of health and capacity. I can easily imagine my generation retiring at 75+
Unless you invest every penny you can save, you end up like that. At least my perspective at 41. I don't bet my later years on ANY form of outside help, no pension, no social security, nothing. Only my portfolio.
I know plenty who worked until their 50s/60s only to die of a heart attack/stroke just few months into retirement or before it. Life is unpredictable already and slaving away our prime healthy years doesnt makes any sense. Another great and insightful video Tom, best wishes!
My father died at the age of 63, he worked 60-80 hours a week for 43 years long, he died by cancer and I saw him die when I was 19 year old, I would rather sleep on the streets than up as my dad.
@@TomScryleus And my mother spent it almost everything from his dead insurance on holidays, sauna's, etc. And I have also 2 brothers, I know I don't wanna get old, I know I end up like my dad, so I did a vesectomy at the age of 24, I am now 27 and no marriage, I just wanna be alone until max my 30's, because 30's is a nice age to have a "long" sleep.
In the Southern US there is a grocery store chain called Winn Dixie. They are absolutely infamous about firing managers before they could retire. I only knew ONE butchery manager, who was actually trained by my grandfather, who was able to retire early when he went blind in his late 50s. Government and corporations work hand in hand to keep you enslaved to the system.
This hits hard, Tomas. I'm living at work 6-10 or 7-10, getting scalped on taxes, my annuity deduction, my pension contributions, and my voluntary IRA contributions, then I have to live off the scraps left of my time and money left behind. Work my nuts off to support everyone but me.
Thanks! One of my mentors retired on January 31 of this year. He died of a massive heart attack on February 13. I just found out on March 13. I sincerely hope that he didn't pass due to built-up stress. It hurts. I hope that people who are watching will not fall for the lies. It's a scam. 😔
I can relate. My grandmother had to undergo several surgeries, each more expensive than the last, and unfortunately, some didn't yield the desired results. It's eye-opening how quickly medical expenses can drain retirement savings.
Medical expenses can indeed be a significant concern. It's crucial to plan for such contingencies and have a financial cushion to cover unexpected costs. Has anyone explored short-term investments as a way to supplement retirement income?
Been saving money my whole life. Haven't been on vacation much. Haven't bought too many expensive things. Still ain't got enough money to get a damn one bedroom flat so I can rent out when I retire. The world is rigged so that the rich and powerful may live long and happy lives while walking on the corpses of the many.
I am 57yrs old. I am retiring at the end of this year. This guy has a lot of good points. The entire system is based on turning individuals into 30 or 40 year worker bees, enriching the already rich.
@@TomScryleus I have spoken to a few financial planners. I am in the midst of putting one together now. I realize now, that there are some things that I should have done, years ago. I do have some ideas that I want to put in place, to generate passive income. Thanks for asking.
Working every day of my life and wasting my prime years has been the source of my depression for almost a decade now and it has only gotten worse. At least it has allowed me to pursue my own endeavors so I can try to build the life I want and escape the wage slave trap. Unfortunately, it hasn't panned out, but I am going to see a therapist about it, but I am skeptical they can't help me (although I do advocate therapy can help, I just feel like it won't help my situation). If money weren't an issue I would Twitch and RU-vid for the rest of my life as I enjoy it. Great video btw!
Is retirement really a carrot to dangle in front of us? Is it really a reward? Or is it more "your life only belongs to you when you are too old, frail and broken to enjoy it. And only because you are too old to be of use of us"? Is it a reward or is it the final act of dominance toward us?
I just mean that most people see it as a time when they will finally be able to enjoy life for all their hard work. Thats how I always used to see it anyway.
@@TomScryleus yeah, you have seen through this. This was basically a rhetoric question for people who haven't really thought about it yet. It's interesting how people these days simply assume that they will reach that point. To me this attitude feels like hubris.
Glad to hear that you are talking about retirement. I too think that true fulfillment cannot be postphoned indefinitely! It is a trap because we never know what will happen. The time to live is now. 👍🏾😊
Yepp. And I certainly know from the experience with my father in law. Good thing about him is he actually did life like if there was no tomorrow. I do things differently, im waiting for my life to start. Its weird…
I quit my job two weeks ago and I feel so much better in every way. I have lots and lots of things to do that are much more enjoyable to me than listening to my ex-boss nagging me to work harder after repeatedly lying to me about promotion and salary increases. I've never understood the perspective of "he has nothing to do". For me working a job is an obstacle to do one of the many things I enjoy doing. Oh and doing nothing is one of the things I enjoy the most. Also you create bonds with ppl and then watch them get destroyed by the company in different ways. It's much better to create such bonds outside of a corporate setting.
I think you did a GOOD JOB with this commentary…. I’m bumping up against retirement….. 1 month shy of 30 years …. Not sure if I’m ready for that but where I work is going down to 1 shift in October, So possibly I will do sap then .. I do have a decent amount saved but the thought of only receiving a pension/ social security equivalent to maybe a week and a 1/2 of my normal salary A daunting thought even though I consider I live rather frugally
No its not depressing,it's real life,I personally don't look to far ahead not going to spend my time worrying about crap,as long as I have my health,roof over my head,and some food in the fridge that will do me.keep your vids coming my man!😊
I have worked on the retirement industry in America for 4 years. It doesn’t work for regular workers. I don’t trust it myself. Thank you for making this video!
I realized in my 40s that I wasn’t going to have a nest egg so I worked at working less making more, 3 12 hour shifts a week. I sold all of the excess. In September I will retire at 62 and able to afford to do it. Live in less and enjoy your life.
The conquest of aging in this century, will also put a damper on traditional retirement routes, especially social security. Regarding financial institutions and advisors, a quote by Nassim Taleb - "Don't take financial advice from anyone who works for a living."
thank you for the superthanks. :) The financial advisor is truly weird. You know, I can't even tell people how to invest, because Im not a licenced investment adviser. Even if I was a multibillionarie, I still cant tell people that. But its fine to take financial advice from a 9-5 financial adviser. So weird... :)
I just kind of retired, but I don't feel retired and don't want to describe myself that way. "I quit wage slavery" is a much more perfectly accurate way to describe it!
Same here. I am only 25 and have been aggressively saving from 18, I just can't see myself working for the next 30+ years of my life. To add to this, I have autism and get burnt out in certain jobs very easily. I currently do office work and I don't hate my job but I have no intention of sitting behind a desk forever. Sometimes I feel everything around me goes by so fast and I wish time would slow down.
Retirement is wasted on most old people, they hate the idea of not working. I think we need to shake off protestant work ethic that somehow work purifies you
@@eternalabundance39i cant wrap my head around this concept of boredom and being bored if you're not working at a job. Empty headed smooth brains get bored. I just had 3 weeks off work from an injury, spent it at home. I wasn't bored one second and thise 3 weeks seemed like 3 days. I could retire tomorrow, never work a job again, and never be bored for the next 40 years.
I think a bit differently. I am trying to balance it. Most jobs are toxic. If you find one that isn't stick with it. I work in non-profit sector from home. It's great for the most part as jobs go. I do save for retirement but I wouldn't risk leaving this job now. I'm too lucky to have found it. I live in a foreign county and there's a lot of Europeans at my work. I realized because the job aligns more with European values.
I live inEngland and I’m 28 and im thinking of buying a caravan and just living for £250 for rent and electric. There’s no way I can carry on working in a warehouse on nights not being able to afford bills. What’s the point of it?
@@mrmanio4935 dude,it’s really hard for me and all becauee the job pays good for unskilled work. Been here 6 years now and my back and soul are broke 😂
Most people have no choice but to work, it's not as simple as you make out to stop working, good luck trying to escape working if you're on minimum wage
You're the philosophical version of the sunglasses from John Carpenter's "They Live". You're showing us all the synaptic garbage and monsters around us...
The goal should be flexibility. This is acheived by living a frugal lifestyle and paying off all assets. Payoff your house, drive a used car. Pay it off and give yourself leverage. Work by the hour for a higher wage and demand overtime pay as soon as 40 hours is hit..... this includes drive time.
When it comes to collecting SSD, everyone’s financial situation is different. Some people have inheritances that make it easier to live comfortably in old age, but most do not. All the older folks I know who have retired haven't had any issues collecting SSD. Some even collect benefits for their deceased spouses.
I'm glad you posted this video Tom. Even though I'm on disability pension in the US, I still do side work and investing. Granted, I purposely don't make enough to lose my Medicaid (my treatments would be unaffordable otherwise). But I do things like the stock market, cryptos, and side hustles like writing. I purposely keep myself busier now in my 40s than my 20s. I may be on disability, but I still manage to put some of my money to work.
I have a dad who’s in his mid 50s and he’s sole dependent on seeing his social Security but he already drank most of his life savings away. He’s been sober for over a year, but when he dies, I’ll have nothing to inherit from him because he spent it all on booze and cigarettes. These are normally questions I would ask my therapist, but here it is for the whole Internet to see.
I bought too much stuff. That is one thing I really regret but I did buy used, discount or grab deals as I knew I had an issue. Even so, stuff is annoying and takes up space. There is lot of wisdom in this video. You have to save and invest so buy a few high quality items. Buy experiences, which can be value for money.
I was wondering if you watched the movie Vivarium. It is a weird sci fi horror movie a bit in the style of David Lynch. One of the themes is how we all conform with society rules like study, go to college, buy a house in a residential nice are, make children, consume and die. There are also other themes. I think you might find it interesting.
I did... to me that was a difficult movie to watch. I could feel the tension of the people trapped in that house. and then the baby... jikes... this is why I don't have kids.. ;)
@@TomScryleus Anyway Fight Club that you mentioned in a video also changes my perspective on many things in particular the IKEA scene and all the thoughts on our consumeristic society.
Excellent video, which should be seen by those entering the workforce! To those in the USA who retired early, how do you manage the medical insurance gap between now and when the medicare kicks in? How much do you pay for one person per year? Medical bills in usa can really do one under in a blink of an eye....
In the U.S., it’s depressing. I do believe in living below my means, and I would prefer to work a three day week. I know that I would like to have passive income. I wonder when I come of age, would my partner and I rent our tiny home and live in an independent living senior community? The cost of healthcare and housing in the US is very expensive and most rely on an employer for their healthcare - which is very expensive. Thank you for your content.
I checked out your channel. Try making better thumbnails and clickbaity titles. If you want the views, there is no way of getting around that :( Also for the production, I would recommend better lighting conditions. The audio is fine. But the video quality can improve greatly if you have good lighting (regardless of camera).
Interesting video. I’m 41 and have no hopes of ever seeing a single öre (penny) of my pension. Our generation needs to reconsider what security means to us. For me it’s shelter and food. Between 2020-2022 Sweden alone lost 4% of its farmers according to recent statistics. The bulk category being mixed livestock farms which are the best at cycling nutrients and producing food with minimal dependance on inputs from the petro-chemical industry. Looking out across Europe and the US the trend is clear. Food production is being concentrated in the hands of very powerful corporations who have no consideration for protecting environments, ecosystems or local communities. The people who have to pay the higher price for cheap food are not only future generations but us when we get older. Climate change will make it near impossible to produce winter greens in Spain and truck to Northern Europe, probably within our lifetime. Farmers, mostly conventional, have had enough of being squeezed under the thumb of corporations running enormous profits selling expensive and polluting inputs to farmers, and the rigged system of the retailers in the output end who are racing farmers to the bottom in their unethical drive from cheap food. With more and more people joining the urban lifestyle across the world food with fewer and fewer farmers sustaining them it’s not an equation I think we can rely on will work. Artificial fertilizer, produced from natural gas, is directly responsible for 44% of the global population and since yields are dropping and farmers need to add more and more in order to produce the same amount this is not something we can rely on either. It’s a bummer but also a reality we need to face so we can know how to orient ourselves around what really provides us with a sense of future security. So when I’m a pensioner I see myself doing a lot of gardening, keeping chickens and making bread 😂 Doesn’t sound too bad in my view. Great video as always. Keep em coming.
Tom, my man, I am just on such a long vacation. Quit my old Job, saved good money and take time to enjoy life. Your Videos gave me a bit motivation. BTW, I'm a Consultant too))
Bro that's what I've been saying for a long time and people look at me like I'd be crazy for that. We are forced to pay a large part of our time and our finances into systems that promise us security and benefit from this coercion but deny us the promised benefits.
Interesting video which made me re-think some of my assumptions. However can’t agree with never retiring. After 25 years of wage slave I will be retiring soon. Perhaps it is risky but it’s worth it. Life is a finite resource and I am going to make the most of my second half of life 😁
Great content and perspective, really enjoying your channel Tom. Love the AI prompt development too. I reduced my out goings to the absolute minimum in order to 'retire' at 49, I now focus on managing my wealth in order to create passive income. Luckily I've never been materialistic and chose a GF who is similar. Once people realise that it's the status game they play keeping them from retiring, many wake up and shun it, however status is primal, from men requiring it (and wealth) in order to attract a woman, and for woman to compete with other females for the best men. Keep the content flowing.
For those with the conviction and the fortitude to know what they are worth - it is possible to work less, and it often makes sense to - even in corporate environments. And by doing so - you feel much less like you want to retire. But you have to be the absolute highest value to do that (I'm not talking exec level) - basically have the output that allows you leverage to say 'You know, I want to work part time - three days per week max, or I go do something else'. Because of progressive taxation, it often makes financial sense to do this too. The marginal income gain of the extra 2 days can be very little. Once past a certain income level, combining this practice with thoughtful living means you can end up financially better off by doing so; more 'free' time means more time to organise and set up your own systems. I talk from a place of privilege - but the type of people who watch these videos are also likely smart enough to find their leverage.
@@TomScryleus 🤣 don't get me wrong - I still think my wage is nowhere near what I'm worth, and i struggle with that knowledge regardless! But life is a lot more palatable 👍
My idea is the following: Find better ways to make money constantly. If you can't don't spend it stupidly. But also don't freak out, but patient and level headed. Just don't trust the retirement lie.
@@TomScryleus "I like that!" yeah thx. I'm thinking about the whole video, after a day or two and I realized something. There is this thing you talked about "they don't make it possible to work less". This is so deep and nuanced beyond the "compensation" that would allow you to make less hours. It's actually not welcomed to scale back the work according to your situation. The whole society create an economic machine that is incapable of letting the worker scale. You are more likely to be replaced by someone who does the maximum hours and overtime. You will have to fight your bosses and end up in a situation where it creates a "bad look" for you. You have to think about that. You are not valued by the work you are able to do, but by the maximum work the employer is legally allowed to squeeze out of you. So it made me think about "better ways to make money" and investing also in better ways. What would then be better work? Not necessarily work that makes MORE money (though it could), but work where you can "work as much as you want" (or feel able to give) and work you "like to come back to". These things are two fantasy metrics most people dream of and very few actually ever have. But it's good to know which horizon is the right to go for.
Everything that Tom has stated are Truths! I have and am living this "Truth". Retirement is not a "Vacation". It is a Job, a Career, it is Work! Tom states that he will never Retire and this is a good approach. But since Retirement is a Job, change Jobs ASAP!
Amen! So many people live/work to retire...and never get there! Also, I'm happy to see Bitcoin where it is. I'm definitely going to just let it sit, but I'm tempted to sell. Looking forward to more camera review vids!?
Thing is... I live life now. I might have no prospects at hand now, but i also have zero responsibilities or debts at age 24. I've had numerous jobs, i moved out from home twice, have a driving license had an own car and never took a liking to working. Always hated it and liked to go on sick leave occasionally. Didn't need much of a reason. I don't plan on staying a NEET long-term though and i actually have a plan. Though it might be difficult to get some sort of passive income started with it.
The crazy 🤪 thing is that nothing has to be the way that it is. The powers that be specifically designed it as such. After all, it's not as if older people consume more because they don't. Their biggest cost will be medical and the forever increasing rents or property taxes. Whatever the case, I refuse to work a single day more for any corporation than I have to. I'll resort to homelessness if that's what it takes. Besides, I have no idea where all the jobs for geriatrics are gonna come from. Aren't there enough people sitting around staring at computer screens? They want control of your time. There isn't much significant work now that we've shipped so much of manufacturing to China. Smh! 😳
I haven't ever bought a new vehicle. I have an older one I can work on myself and I keep it running good. House is paid for and no major bills. 250K a year going into my upcoming escape!
"Maybe he was just unlucky" ... yeah you live your whole life for the lies of the masses and when you need help you all of sudden can be "too unlucky" to get something back in return. Just think about the whole arrangement. The whole system relies on the fact that you forgo all your opportunities and in the end support isn't even guaranteed.
yes.. There were also a lot of mistakes done by the system in that case. Where we could go after them legally. But my family decided not to do that. too painful, and it wont bring him back.
Public US schools were created by corporations that hired child labors & needed to do something with them when it became illegal...so...that ain't gonna happen.
When I think of retirement, I think of my father, robbed of his retirement by early onset alzheimers. I cannot go out like him, that nightmare disintegration, those pallative care bills costing my mother 12k/ month that just dragged on and on even though they chemically lobotomized him. Wirh a pattern stretching back 3-5 generations, it would be the height of foolishness to think anything else is waiting for me. I will have to make the hard choice while I still have the agency to do so. That means I only have 20 years left, and then my retirment will be 4.49 inches long.
Are you working to retire some day? What if that retirement never happens... Whar are your thoughts on this. Join the discussion. I want to know what you think.
We must strive for happiness in the present moment and in our present situation. I need to work on this because I often plan and dream of retiring in ten years but in al likelihood the next ten years will be the best ten I have left.
I'm the silent generation that not only works hard but enjoyed working hard. I seen the Next Generation ahead of me (Boomers) make good money and at the same waste good money. 45% of Boomers have no retirement savings at all, among the 55% who do have savings 28% have less than $100,000 saved for retirement. Taught their Gen X children and Millennial grandchildren. I always had a regular job and side hustle job/ jobs. I took the time to learn how to invest in the stock market. It takes an 8th grade education, dedication, and above all common sense to become a millionaire (at least) in the stock market over the years that you worked. Notice I said years, unless you get lucky with your common sense. I look at Utube as a side Hustle. All that being said I am Not saying that you can't become very wealthy overnight, you can also win the lottery overnight. PS: if someone worked at a job they didn't like for 30 years, but at the same time looked forward to retire, then died the same day that they retired. The only people that see that as a problem are the people who are living. And if he played his cards right and believed in the afterlife he's living the ultimate retirement. ......ski
I have no faith that I will ever succeed outside 9-5 slavery. Everything is just not right, I post videos no one watches, I study, I am just trying to escape but there are no results. I work as an Application Support and I consider further development in IT field, yet it is still slavery..in slightly different form. Each day I see successful people on the Internet and I am not like them. not even an inch of me is like them. I am just tired of living the life I do not want to have without any good change on horizon. I ll be 27 this year and I am empty inside.
I understand what you're saying overall, but a nitpick - the 7% number is an average over the lifetime of the S&P 500 index fund. It doesn't mean that ever year will have a 7% increase, it means that, in the past, the years that lost were ultimately negatated by the years that won, yielding an average return of 7%
I know what the 7 % means :) I do explain it in the video, thats its an average, but thats not how banks sell it. you can log into banks and on their main page, you can test how much return you would get if you put in 1000 dollars etc. And its always set to 7%. Like if thats reality.
Now's a really lousy moment to invest in stocks, it's like 1999 or 2007, but it's really the only way to go. The living god a company bows down to is the SHAREHOLDER. As an employee, you're the lowest form of life to them, somewhere between amoeba and cockroach...