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Something Terrible is Happening To Boomers

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026(A){Thumb}[Edited Sabaree] Something Terrible is Happening To Boomers

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23 авг 2024

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Комментарии : 2 тыс.

@nicolasbenson009 Месяц назад

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

@BridgetMiller- Месяц назад

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

@tatianastarcic Месяц назад

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@berniceburgos- Месяц назад

Mind if I ask you to recommend this particular coach you using their service?

@tatianastarcic Месяц назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@Michaelparker12 Месяц назад

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@Aaronduckstein49 Месяц назад

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@maiadazz Месяц назад

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@darnellcapriccioso Месяц назад

More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to

@richardhudson1243 Месяц назад

talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks

@darnellcapriccioso Месяц назад

Annette Marie Holt is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@ChadRoberts-x6i Месяц назад

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

@tonysilke Месяц назад

For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.

@Nernst96 Месяц назад

Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.

@PhilipDunk Месяц назад

Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.

@PatrickLloyd- Месяц назад

How can i reach this adviser?

@PhilipDunk Месяц назад

Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@PatrickLloyd- Месяц назад

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@sco0tpa 2 месяца назад

My dad was a boomer. He worked three jobs at times, day, night and weekend jobs. He saved every bit of money he could while other family members said he was being silly. Now, the other family members are poor as dirt in their old age. My dad passed away but my mom lives a comfortable life. She's not wealthy but she's not worried about finances like all of her friends are. Being young and not having everything is manageable. Being old and poor sucks.

@MrCPPG 2 месяца назад

I like to say young and broke is an adventure. Old and broke is a disaster. I consider boomers to be one of the worst most selfish and foolish generations ever to exist. They were irresponsible and now they are suffering the consequences. I sleep well at night.

@g.t.richardson6311 2 месяца назад

Facts My dad said getting old sucks Being old and poor sucks more

@jfitzpatrick6108 2 месяца назад

IT IS MUCH BETTER to be VOLUNTARILY extremely frugal when one is young rather than suffer circumstantially ENFORCED extreme frugality in old age when one is less nimble, less adaptable than younger folks. Age limits adaptability, limits flexibility.

@L.Fontein7 2 месяца назад

@@MrCPPGJealous much?😅

@robocop581 2 месяца назад

@@MrCPPG You mad Sis?

@marylandmike7655 2 месяца назад

I grew up in extreme poverty, going without food and electricity at times, I became homeless at 17 dropped out of school to work menial jobs to EAT. Early life set me up to be frugal, own my house, drive a 21 yr old truck, have about 900k in savings, I’m 58 now and retired at 56

@lessar2721 2 месяца назад

Are you serious everyone is working jobs to eat. Right now a menial job cant pay enough for food. Get over it

@marylandmike7655 2 месяца назад

@@lessar2721 I believe you missed the context of my story, have a good day! 😎

@user-bu4fh5yq8i 2 месяца назад

Kudos bro. You did better than most. High 5

@user-bu4fh5yq8i 2 месяца назад

Hmm. All my life pay into ss and for what? It'll be gone by time I would be eligible....10 years he says. I'm 46. 😢

@marylandmike7655 2 месяца назад

@@user-bu4fh5yq8i thank you! S.S. Will be there for you 100% Politicians won’t even discuss it till the final hour….. mark my words…. They will raise the tax on both employers and employees by .5% and that fixes it in today’s numbers….Or they simply raise the age AGAIN! that’s another topic

@Richardcarlett 2 месяца назад

On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

@robert-1miller 2 месяца назад

stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance

@HarrietBemish 2 месяца назад

Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.

@DavidRiggs-dc7jk 2 месяца назад

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@HarrietBemish 2 месяца назад

Vivian Jean Wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@DavidRiggs-dc7jk 2 месяца назад

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

2 месяца назад

Debt free. Good health. Minimal expenses. Thats a good place to be.

@joekeegan-yc4nm 2 месяца назад

Lucky guy!

@Zoet50 2 месяца назад

Maybe those should be the three legs of retirement. Agree

@Dewey500 2 месяца назад

BINGO

@kwilliams2239 2 месяца назад

Good health isn't always under the control of the individual. The rest is. The bottom like is, live on less than you make. Live like there is a tomorrow. If there isn't, well, you still lived well. If there is, tomorrow, will be a lot better with money than without. The chances of living long enough to retire with money is a lot higher than the chances of retiring with no money.

@donniesmith8779 2 месяца назад

You and me both.. A little saved also.... Going to retire from on job in 2 months and start an easier full time job then... why? because I want to, not because I have too..

@Riggsnic_co Месяц назад

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

@Jamessmith-12 Месяц назад

If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.

@kevinmarten Месяц назад

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

@JacquelinePerrira Месяц назад

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

@kevinmarten Месяц назад

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@JacquelinePerrira Месяц назад

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks

@ChristopherAbelman 2 месяца назад

I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.

@HildaBennet 2 месяца назад

Research dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.

@PennyBergeron-os4ch 2 месяца назад

A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.

@JosephineKenney 2 месяца назад

I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?

@PennyBergeron-os4ch 2 месяца назад

I work with Sharon Lee Peoples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

@JosephineKenney 2 месяца назад

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@bryantsherman7263 2 месяца назад

Divorce is a retirement killer. I know people who were married and divorced three times. Not good for finances.

@stephencullum8255 2 месяца назад

Ain't that the truth. I know friends who had to work 10 years longer because the divorce sent them backwards financially.

@markdavis1116 2 месяца назад

Another thing that is a killer is house hopping. “Upgrading” every few years is a fools choice too.

@lesleysears9808 2 месяца назад

@@markdavis1116 Yes, almost did that because my husband wanted to live in a 1 story house because he was afraid of climbing the stairs as we age. I told him we could buy a stair lift if this happens He is 66. Our 2 story 2550 square foot home was purchased in 2001 for $156,500. My husband wanted to move an hour outside of Houston to a master planned community. A 2450 square foot one story new construction house is Over $450,000 not including upgrades like blinds or ceiling fans. Our house is closer in town and paid for. Our current home value is about $330,000 after we spend 15 grand to upgrade the old carpet to vinyl plank. And we decided to stay. Please don’t be mad at us Boomers who stay in their own homes as they age. If we all had some sense a lot of us empty nesters could rent out rooms to half our house and save money for young families who cannot afford to rent an extra 3 bed rooms and to help the Boomers with paid for houses pay for electricity and taxes.

@tobberfutooagain2628 2 месяца назад

Better move to New Orleans, then….. You never get divorced, you just lose your turn….. 🫵🏼😁

@utubenewb1265 2 месяца назад

Yeah, and let's face it. If you had kids, got divorced, got remarried, and then treated your new girlfriend/wife's children better than your own. Your kids are not going to be moving you into the $2,000/mo 2bedroom rental that 2 families share. I have sadly watched many fathers, and some mothers, treat their step-kids better than their own.

@josephkelleher8820 2 месяца назад

In my opinion if you have a paid off house with no car payment you should be spending far less than $4,000 a month in retirement if you are a single person.

@noblegirl1991 2 месяца назад

Precisely

@paraglidingflyer 2 месяца назад

Taxes, are an expense I never thought would have grown so high.

@sarashann 2 месяца назад

Property taxes are quite high here in Texas.

@miketheyunggod2534 2 месяца назад

I have a son, a car payment, and a mortgage. I average $3K in expenses per month.

@sactopyrshep 2 месяца назад

@SWelosishereor what may happen in November.

@MaynardGKrebs-tt1dd 2 месяца назад

As a Boomer (age 71), I learned from my parents to be careful with money. They were terrible examples, borrowing money to take fancy vacations and buy new cars every 3 years. Many people in that generation thought that appearing to be successful was the key to life. What ridiculous BS. A lot of Boomers replicated their parents mistakes.

@yellowbird5411 2 месяца назад

Sounds like you learned this in SPITE of your parents! Did someone in your life other than them, set an example for you or teach you how to be careful?

@buffycat4641 2 месяца назад

@@yellowbird5411 No, he learned from his parents' mistakes not to replicate them. I did the same. Parents smoked, I never did. Parents lived paycheck to paycheck with bill collectors hounding them, I was the exact opposite. You learn from others mistakes and hopefully make a better life for yourself.

@yellowbird5411 2 месяца назад

@@buffycat4641 I guess we can learn from others' mistakes, or learn from others who are our role models. Alternatively, we can choose to cut our own path and not learn at all from anyone. Free will is a wonderful thing, because then we can learn from our own mistakes. Maybe. : )

@davidpowell3347 2 месяца назад

Most of the generation who preceded the baby boomers were frugal and afraid of running out of money,grew up during the Great Depression and then the World War II a few of them were born early enough to have seen the "Roaring Twenties" as young children before the market crashes and bank failures ushered in the Depression

@edb3877 2 месяца назад

@@davidpowell3347 Agreed. My parents were born before the Great Depression of the 1930s, so I got a lot of info from them and my grand parents about what life was like back then. Having an appreciation for history, I soon learned that history tends to run in cycles, so it was reasonable to assume that recessions and depressions also followed this pattern. This caused me to become quite frugal in life, saving much more than average, and then learning how to manage money and invest it. I did this from reading books, magazines, newspapers, and anything else I could get my hands on about personal finance. Because of that I became my own financial advisor, made a few mistakes early on and learned from them, and went on to become reasonably good at money management. Because of that, retired comfortably at age 55 in 2004. Been enjoying retirement ever since. My 401k plan money was rolled into a T-IRA that has been a fair approximation of a perpetual motion money machine. I never planned on receiving anything from SS, thinking that the US Gov would find a way to mess it up. Took benefits early at age 62 for that same reason. It's still around, for now, but it's being drained faster than money is coming into it. I took benefits early and invested some and lived on some. I have few regrets about how I have handled my money. But the level of financial education in the US is abysmal. Way too many young people can't do even simple math, let alone manage their money to their advantage. Some of them will learn because hardship can be an excellent teacher. The rest? Pretty much screwed.

@eyesuckle 2 месяца назад

"My mother lives with my sister--and it's a wonderful situation!" Uh huh. Said the brother who is _not_ living with his mother.

@JaneJones-lg3bd 2 месяца назад

Truth!

@melanieg6957 Месяц назад

That's what I was thinking 🤔

@TheThiaminBlog 22 дня назад

Yep.

@reaneejackson941 21 день назад

That's great! I am planning on living with my son and daughter in law.

@bluemouse5039 5 дней назад

A year ago my 86 year old mother wanted to share a house, she would sell her home and My wife and I would sell ours and use the money jointly to buy one home to live together , In theory it sounded good, but my mother is toxic person that drains your soul, she constantly complains, is negative about everything, trys to be controlling and tell you what to do, then when you protest her behavior, she gets mad and pouts about it , there is a big drama that I have to go through to return the status quo , which means I have to apologise and act sorry, but I'm really not ! All that goes on just visiting her and not living with her! I actually dread even visiting, but anyhow we looked at this really nice newer home for sale that would have worked, While we were looking at that home ,my mother walked around finding fault with everything saying They want 260K for this! I only paid 110k for my house and its just as big, I said yeah but you bought your house 25 years ago, and didnt put a penny in improvements in it , This house has a glassed in patio, walnut floors , everything in it is top grade marble counter tops, finished basement and so on, My mother said Its still too much! After we dropped my Mother off at her house,on the way home my wife said That house was beautiful ! I said Yeah, but just remember the un-beautiful thing that would come with it! I bet within a month we would both be sorry moving there together.

@curtisgrindahl446 2 месяца назад

The absolute key to financial well being is to avoid debt like a plague. It is EASY to get into debt and very difficult to get out. I'm 82 years old living a very modest life, but I haven't had a car payment in over fifty years and have always paid off my credit card at the end of the month. To the credit card company, I'm a deadbeat because they don't get ANY money from me. Living within our means simply makes sense. If I can't afford it I don't buy it.

@mitchdegrace2040 Месяц назад

Wisdom is priceless

@traskstoneworks 21 день назад

I'm 72 and never had a car payment in my life, the only thing I ever borrowed money on was property!

@TheFatesLieutenant 2 месяца назад

This Boomer was very fortunate - Started planning 30+ years ago, lived well below our means, planned for both normal and "surprise" expenses, and, up to this point, it has served us well.

@g.t.richardson6311 2 месяца назад

Same here, 63 now, retired at 60. Wife is “next generation” born 1966, she retires next year at 59.5. … I was fortunate I could go on her insurance or I’d have stayed longer. I still run a small business and work anyway for fun We’re fine

@chnalvr 2 месяца назад

Same here. Born in 1962, started saving in my 20s and am retiring soon at age 62. I have lived simply, below my means, am a minimalist and do not carry any credit. That formula has worked probably because my parents and grandparents did this too and had something to pass on to their kids and grandkids.

@L.o.u.i.s.. 2 месяца назад

5 minutes of brain is better than 300 months of catching up. Hats off to you sir.

@Dimythios 2 месяца назад

Same here. Lived within my means throughout my life and saved my money, I invested wisely and now a blue collar millionaire. Still mow the lawn every two weeks though 😊

@g.t.richardson6311 2 месяца назад

@@Dimythios ha ha I mow mine every week, that is my “day off” Other days running and coordinating painting jobs and landscaping jobs. 25-35 an hour .. good money, keeps me active .. take on more jobs in the summer as I hire few younger friends that are teachers.

@A_francis 2 месяца назад

The current market/economy is unnecessarily tougher for boomers/senior citizens, my mum is used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with her portfolio. I’m really worried about it

@benitabussell5053 2 месяца назад

She should just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.

@RickWatson-xu6gw 2 месяца назад

@A_francis 2 месяца назад

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@RickWatson-xu6gw 2 месяца назад

*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@RobbStonee Месяц назад

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@Resultsnottalk 2 месяца назад

The biggest issues is the insane price of pharmaceutical and insurance

@moorefacts6605 2 месяца назад

If you qualify for Medicare you will realize how sweet life is...

@jgconnelly 2 месяца назад

And tricked out F150's.

@davidbrayshaw3529 2 месяца назад

If you're in your 20's, the biggest issue is housing and food.

@pensacola321 2 месяца назад

I am 74, retired at 57, travel often and I am doing very well. I came from nothing, and never was a big hitter. I just planned well .

@bigbanknewyork3655 2 месяца назад

Retirement at 57 is impressive. Congrats.

@2ndborn186 2 месяца назад

Good for you, go get a cookie. Do you have anything to offer on how you did it??

@wrap239 2 месяца назад

@SWelosishereplease share your insight

@vincentyeo88 2 месяца назад

Excellent!

@slocumb1270 2 месяца назад

@SWelosishere Lemme guess, gloom and doom?

@phylliselizahb1041 2 месяца назад

People began losing jobs to a younger demographic because corporate greed doesn't want long term employees.

@Bitterstone3849 2 месяца назад

Let's not forget the millions of smaller manufacturing jobs outsourced to China and other Asian nations. That's the reason for so many demanding $25 minimum wage and calling it a living wage is ridiculous. Minimum wage was NEVER meant to be lived on. This is Washington's fault all the way around. Outsourcing and bad trade deals. And those in Washington collecting pensions from people who don't have pensions is CRIMINAL.

@shawnbruce6934 Месяц назад

I have 30 years experience in the IT field and truncated My resume bc I was facing age discrimination yet recruiters and HR complain that these younger ones can't communicate and do a lousy job. Well, You can't have it both ways.

@utahboxergirl11 Месяц назад

For sure I went back to school at 39 to become a teacher and they didn't want us older people in the College of Education

@Madskillsuniversity Месяц назад

They can pay them less, too.

@joegeezer6375 Месяц назад

Correct if your born 1960 to 1980 your work career is endless corporate buyouts and downsizing, zero pensions endless crap 401K's. If your born 1945-1959 folks in that era did damn well with pensions. This guy is talking out his ass!

@KYurk Месяц назад

How can you save when you can barely afford food and shelter?

@user-rs3zr8nj5z 2 месяца назад

I was divorced in 1998, my business went through 2 nasty recessions in mid 70’s and early 80’s and another recession in the 1991. I had very little savings and small Social Security amount. I know others like me, many are women. So please be aware that not all the Boomers had big savings.

@floranlehmann7149 2 месяца назад

Your not alone am with you on this am 65 and poor

@peterlynch8768 2 месяца назад

I appreciate your post, tks. It's just so odd people who lived during relative abundants now in retirement are so fiscally devastated

@chrisowen8664 Месяц назад

Hi Azul Thanks for a very informative and down to earth video ,you explained a lot of things in good layman's language I will look for more of your video's .Regards Chris (England )75years young .👍😁

@elizabethpeterson56 Месяц назад

yes exactly.

@xxlovely_nnightmarenightxx5035 2 месяца назад

1 medical problem and any savings is wiped out.

@rocker76m88 Месяц назад

You said it

@Sally-ih6ls Месяц назад

Not in Canada thank God!

@marcpost4034 26 дней назад

@@Sally-ih6lsExactly.

@stephengreen8986 23 дня назад

Or any civilised country.

@Sally-ih6ls 23 дня назад

@@stephengreen8986 lol

@BigORat 2 месяца назад

Personal Finance should be one of the number 1 things they teach in High School. It should TOWER way over sports, art, and other courses. Do you know there are inner city kids, that live with parents that have never had a bank account? Or a credit card? True. They pay their bills with money orders. True. Their children aren't learning finance from their parents. So there should be Personal Finance Courses taught in our schools for these kids. I'm speaking from experience...I got my first credit card at 32 with a $250 Spending limit. Nobody would give me credit until 32. I worked and got $5,000 in my checking account...and I applied at the bank where I had that checking account for a credit card....they gave me a credit card with a $250 spending limit because I had no credit history...Should have happened 14 years earlier but it didn't. Anyway...back to my point...Personal Finance should be a TOP course taught in High School and College.

@xyz987123abc 2 месяца назад

Family responsibility.

@3beltwesty 2 месяца назад

It was taught in grade school in Indiana; those were math problems. Worked in the school cafeteria from 4th to 6th grade to get a free lunch. ie pocketed the 1.50 bucks a week for the 5 meals. Had depression era parents. ingrained pitching pennies to survive. Sold Peanuts door to door in 2nd Grade. Sold Xmas cards door to door from 4th to 6th Grade. Mowed yards for 1 to 1.5 bucks a yard from 7th to 9th grade. That 4th Grade Frozen giant OJ cans we opened and mixed OJ in the cafeteria was expired Civil Defense supplies. They donated it to the schools so not wasted. The trays we cleaned and dumped the edible parts went into a trash cans a local pig/hog farmer got. That entire cafeteria working was about thrift. That grade school did not have electric clocks. It had pneumatic powered clocks. the minute hand moved with the pressure pulse from the master clock via tubes. Ours made the minute had move 1.5 minutes each time; so 40 per hour. The minute hand sort of had a slight backwards lurch / twitch before moving the 1.5 minutes. So when bored in say English class and looking at the clock it was not moving.

@KO-lw4lo 2 месяца назад

Most kids wouldn’t listen. Very few are ready for the information until they actually have to pay their own expenses.

@jasperhorace7147 2 месяца назад

Even more important, kids should be taught about NEEDS and wants. How to resist advertising, influencer misinformation and budgeting.

@donaldkasper8346 2 месяца назад

Works except in recessions, which cycle every 10 years.

@sirwm3107 2 месяца назад

I remember my Father telling me at 19…Son you want today what your mother and I worked 30 years for…get another job and get OUT OF DEBT! Sound advice! Pass it on! Blessings…

@johannakamstra-schickendan7380 2 месяца назад

Very wise Father, lucky you

@JaneJones-lg3bd 2 месяца назад

A lot of the trouble some people have comes from just plain greed and trying to "keep up with the Jones." (They use to call it that!)

@TheThiaminBlog 22 дня назад

Agreed. I keep hearing people bemoan the fact that their kids graduate from college and can’t afford to buy a house. I understand that there are no longer $100,000 homes to buy, but there are also a million apartments available that didn’t exist when boomers were young. in my opinion, the apartment is the new hundred thousand dollar house. Just because things are different doesn’t mean that the boomers had it so much better. The newer generations have a lot of tools and opportunities that the boomers didn’t have. My parents had one car until I was in my teens . I don’t think the younger generations would have any real interest in living the way my parents did, or the way that my husband and I did either.

@JaneJones-lg3bd 21 день назад

@@TheThiaminBlog Exactly! My husband and I used to keep old beater cars going on a wing and a prayer! We never knew when or where the darn things would break down! We could never afford a brand new car until we we well into our 50's. Now I know why our parents had precious little sympathy for us when we would lament about how tough things were! LOL! It was "Oh quit complaining, WALK!" Bless their hearts!

@royalnavarre1673 2 месяца назад

It's terrible what is happening in this economy. Wages are not keeping up with inflation. Can't afford to buy a house, can't afford to buy a car, can't afford furniture for my over-priced apartment. We have no debt; no car payment and we are struggling paying for basic expenses. I told my husband that our next vehicle might be our future home on wheels. In Arizona summer heat, it could be deadly. I just pray we don't end up homeless.

@traskstoneworks 2 месяца назад

Move to Oregon, lots of work and some places cheap rent, and on the coast no air con needed!

@matrixllc.5950 2 месяца назад

It's a shame our zionists controlled government sending billions of $ to Ukraine and apartheid israHell while Americans are struggling.

@chelseacraft4669 2 месяца назад

Northern AZ only & you’d be okay… Flagstaff & further north.

@the_real_life_bondgirl Месяц назад

I am single and younger.. imagine how hard it it. Men dont want marriage anymore becaus eof Boomer divorces and settlements. At least Boomer could have worked 40 years when the wage still had purchasing power and accumulate assets. There is nothing left in wages anymore.. they dont even cover basics- let alone the ability to save or buy assets

@baysideharpy8350 2 месяца назад

Start financial planning for your retirement the first day you start work. The Govt won’t take care of you.

@BadWolf762 2 месяца назад

The first year I started full time work the government raised the SS tax, raised the full retirement age and decided it was a good idea to tax SS benefits to save Social Security. 42 years later and here we are.

@WAL_DC-6B 2 месяца назад

The federal government administers my Railroad Retirement pension.

@GenerationX1984 2 месяца назад

The government will help you if you're a giant corporation or a bank. Golden parachute!!!

@desrender4893 2 месяца назад

My marriage broke up at 40yrs, managed to have enough to pay a deposit on another house. But ended up being a solo dad of two and also paying support for the ex and for one child, so I was on the bones of my arse for ten years. Also, I have had to bail my kids out of financial trouble several times. But saved hard for the last 10yrs to enjoy my old age. People asked, why are you single. I tell them, women are a luxury which I cannot afford. Now retired have my hobbies and toys, and travel o/seas for a couple of months a year, having a ball.

@thirstingknowledge 2 месяца назад

So sad to hear that! As being a female you and taking care of men rather than they of me, I can say that there are the other kind of women there as well.

@marrlena947 2 месяца назад

I am single because men cost me too much. Now I am debt free, healthy and paid off house in the mountains. Retired for 8 years. If I was in a relationship I wouldn't be so well off.

@perihelion7798 2 месяца назад

I retired at 69, and knew that I would have a very retrained and quiet lifestyle thereafter. I planned for that, fiscally, and don't regret it. Try hard to keep a hold on your money while you work.

@hubertvecht7255 2 месяца назад

Almost everyone I know has an emergency fund, they call it a credit card 🤔

@JBoy340a 2 месяца назад

CC is a get INTO jail card. Or more appropriately debtor prison card. 18-22% interest adds up very fast and digs a deep hole.

@Joce123 2 месяца назад

Actually I am fan of velocity banking to most quickly pay down loans..also 0% balance transfer credit cards.. It doesn't do much good for me to read what other people have done over the last decades as a couple... I like the channels above velocity banking because it gives me the tool to handle things right now as a widow

@mtejada8789 2 месяца назад

@@JBoy340ako

@johnd4348 2 месяца назад

lol, , I pay off my CC each month, but increase my credit limit every 5 years or so. by 10 K. Now I have 100 K credit . A savety net if things go south. Or maybe use it to pay off my medicals bill right before I die, but die before I can write a check to the CC company.

@paulh7798 2 месяца назад

😂🤣

@angeladansie4378 2 месяца назад

I know a lot of Boomers who re-mortgaged their houses to buy new cars, take lavish vacations, remodel perfectly nice homes, etc. Boomers insisted on SUVs instead of the trend toward fuel efficiency that we were on in the 70s. So many boomers live in huge, over-mortgated houses. It's all stupid. I am an older GenXer. My sister & I bought land, built small houses & payed off the land while driving old vehicles, used furniture, and thrift store clothes. We learned from my dad, a Boomer who worked hard & lived debt free

@douglasskinner 2 месяца назад

At 73 yo I've lived debt free all my life. And during some of that time I lived on a pittance.

@jamesjenkins3384 2 месяца назад

My Toyota Gas RAV can pull 40 mpg

@lindasotteau 2 месяца назад

I did the same thing , lived with in my means. My 15 yr old Prius ( 49 mpg 😊 )

@JaneJones-lg3bd 2 месяца назад

I witnessed the same thing throughout our young working life. Some people spent money like it was going out of style and there was no tomorrow. Had to have the very best and most expensive things to crow about at their next dinner party. I have no use for that crap so needless to say I didn't go to many dinner parties. Shallow status seekers, and have all been divorced and don't have much to show now! Sad in a way, but Karma's a bitch sometimes!

@the_real_life_bondgirl Месяц назад

Boomer had the royal flush.. consume consume consume. There has never been a more materialistic, indulgent, decadent generation in US history. They had jobs that actually kept up with nominal inflation and melt up stocks and real estate. For every $1 a Boomer put into a 401K, it returned $110. A house? bought at 30K-40K in 1970s is now 500K or more on coasts. They get pensions, SS and Medicare. Their retirements couldnt be any easier. My gen wont get SS or Medicare so will be spending millions more to stop working.

@gordonsteen8415 2 месяца назад

Born 1946. Self-employed until age 60. Worked minimum wage until 72. Lots of $15/hr jobs out there now. Real estate saved my butt. Took SS at age 70. Wish that I could still work part time now. Some in there 80's still working. Troubled by national debt that my child and grand children will inherit.

@petemorton8403 2 месяца назад

And great great grandchildren

@wilber504 Месяц назад

it's only debt if you plan on paying it back.

@taintedmeat9740 Месяц назад

Try finding a job when you are over 55...especially in a crap economy.

@rocker76m88 Месяц назад

Age discrimination is alive and well. Make no mistake about thinking it isn't

@sunnersky5996 Месяц назад

@@taintedmeat9740 stay positive

@chipliddiard4313 2 месяца назад

Most pension went to 401 k and it really doesn’t work.

@marymacdonald2379 2 месяца назад

Agree. My 38 year old stepson has had a good job for 5 years; his retirement plan there is 401K. It could disappear later when he won't have the time left to build an alternate fund.

@gybx4094 2 месяца назад

That's insane. I'm a Boomer (age 66) and my parents were Great Depresson-WW2 folks. They taught me to save since the time I could walk. They also taught me to be frugal. I retired at age 62 with 3 IRAs, Soc. Sec., a taxable account, high yield savings account with a large emergency fund, a small pension, a paid off house, no debt, massive monthly dividend accounts, and a part time job. I'm not wealthy, but a formal financial analysis shows I can survive to 91 even with a 40% hit on my investments. I can't believe people in my generation have zero saved. I'm still saving even though my advisor says I should spend more.

@johnd4348 2 месяца назад

You and millions others. I am same as you, My parents taught me to save no matter how hard times were. They lived thru the Depression. They knew hard times. Passed those values to me.

@cuz129 2 месяца назад

Me three. How could I fail with parents that preached avoiding debt, saving and investing. The super power to life is parents that teach truth.

@paulh7798 2 месяца назад

Yeah, I'm thinking the same thing, and I'm not even one of the frugal and prone to save people. I'm just a regular Joe and it seems I have more saved than the vast majority of Americans.

@jaygold4467 2 месяца назад

The 2008 Depression thru Baby Boomers in the streets and wiped out their retirement savings. Don't you remember?

@kwilliams2239 2 месяца назад

Ditto, except the age (71).

@stephencullum8255 2 месяца назад

I am a boomer in my seventies. I have seen what past generations had for retirement and nothing really has changed. Pensions have always been rare and most people do not have one. Most people relied on Social Security. I had a good job with a generous pension and that was one of the reasons I choice that municipality Utility to work for. Made sacrifices to save and invest. Some people just do not make enough money to save much , even with sacrifices. Worked plenty of overtime hours which has beefed up my Social Security benefit. A lot of my relatives have not done what I did and I help them as I can. Yes it is a problem but not a new problem. The best thing we could do is beef up Social Security for the poorer retirees. It would not take much more increase of the tax to do that. We can as a society do this, it is very affordable . Social Security consumes about 4.8 % of the national GDP a little bit more would be enough to fix this. It is about what is important to us. BTW I am a fairly well off retiree and this past Monday cut up a large tree that fell in my yard and moved it to my back yard to burn eventually, (Fit). About the total opposite of the picture you painted. There have always been retirees like me too.

@jamesjenkins3384 2 месяца назад

Cut down a 50ft tree of heaven myself and burned in my wood stove for 4 years of heat. It had crushed my sewer line.

@robertklund4861 Месяц назад

How many people can fathom an unexpected health crisis, either illness or injury that puts them in the hospital?

@kenmcdougal97 2 месяца назад

I've been an apartment dweller ever since I lost my house in 08. My daughter asked me if I wanted to move in with her about 10 years ago. So I have been paying my daughter rent instead of some joeshmoe it helps her out and I get to help her out with her kids she helps me with my money because she can save a dime to last a week I can't save a dollar to last a day lol

@moorefacts6605 2 месяца назад

Best of luck. That crash took a lot of folks out.

@nicolagianaroli2024 Месяц назад

solid family are a great parachute

@randallthomas5207 Месяц назад

Those of us on the tail end got screwed, and we are not part of the baby boom. Older siblings are baby boomers. The division is when did you graduate from high school. The front edge of the boom graduated into a strong economy. Those who graduated after the end of the Vietnam war, graduated into an economy which was a mess. Jobs were hard to find, interest rates were the highest in record, and we had to endure stagflation. My older siblings all went to college for nominal costs at state universities. Then second phase graduated from college in debt. Because state colleges had begun charging more.

@AS-tt8ui 2 месяца назад

Fixed up old house, paid it off in 15 years, drove cars to over 200k miles, did all car repair myself. Big garden, hung out laundry etc.. Did everything possible myself Saved and saved all we could. Retired with 2.5 million in investments, savings. Anyone can do it it just takes discipline and sacrifice.

@traskstoneworks 2 месяца назад

Same with us! but you got us beat by 1/4 mil.

@mamatrain100 2 месяца назад

Some of us got our savings and pension stolen.

@teamhunley 2 месяца назад

FYI: Generation Jones = 1955 to 1964. Boomers were listening to folk music and living spoilt lives. My generation was already seeing jobs going overseas en masse and realizing there was no American Dream

@buffycat4641 2 месяца назад

The American Dream is alive and well, you just have to prepare yourself for it.

@edb3877 2 месяца назад

@@buffycat4641 Yes, it is, but there IS a catch to it. One has to WORK long and hard to achieve it.

@misscoutts6193 2 месяца назад

@@KAT-dg6elwaiting for their inheritance.

@Luton-Mick Месяц назад

It's called a dream as you have to be asleep to believe it.

@joeskwara5823 2 месяца назад

So glad we the taxpayers in the US are helping to contribute to pensions in the Ukraine. Also glad we are giving so much to illegals and people who served our country are homeless.

@matrixllc.5950 2 месяца назад

Also Don't forget for 70 yrs the u.s. clueless government under the zionists pressure has sent trillions to apartheid israHell.

@traskstoneworks 2 месяца назад

Many may not see your sarcasm! but from me right on!

@russshaber8071 Месяц назад

Democrats help the People. Republicans help the Wealthy. Since 2016 their wealth has doubled. The Wealthy take everything.

@ranns2805 Месяц назад

@@russshaber8071How? Do you know how much we pay for gas now? How about your grocery bill? How about the cost of a beginner house?

@joeskwara5823 Месяц назад

@@russshaber8071 you are using a line of thinking that is 25 years old. The Democrats are the party of the elite and the fact that you don’t realize that is frightening.

@farinshore8900 Месяц назад

Let's not forget the consequences of fraud in the banking and mortgage sectors.

@elizabethpeterson56 Месяц назад

thanku for remembering. nothing ever happened to those folks

@darrendavis4731 Месяц назад

Taxes and inflation are the number one problem. Personal income tax did exist before 1920, and did not get confuscatory until the 1960s.

@the_real_life_bondgirl Месяц назад

Inflation has stolen 65% of the purchasing power since 2020. Whatever you earn a year, subtract 65% from it (add in any raise you may have received) that is your loss.

@billwhitis9997 2 месяца назад

Terrible? As a boomer myself, I say it is karma. We voted for it. Now, some of us will pay for it. Welcome to America.

@katydid2877 2 месяца назад

Voted for what?

@billwhitis9997 2 месяца назад

@@katydid2877 What, were you sleeping under a rock for the last 40+ years Rip?

@katydid2877 2 месяца назад

@@billwhitis9997 How did what I voted for create old poor people? There are rich old people, too. Did I vote for that?

@HighCountryRambler 2 месяца назад

Voted for what? Most of us voted for 3 Middle East peace treaties, no wars, 1.2% inflation, a secure border and energy independence and cheap gas and food. I'm 68 retired for 5 years and fortunately only thing I inherited was the knowledge to work hard and save. You have boomers mixed up with the young generation of voters voting for free stuff.

@neiljohnson6815 2 месяца назад

So you voted for Biden?

@Deb-31806 Месяц назад

Minimum wage was $2. Pensions disappeared. We had families. Then suddenly lost jobs because companies could hire for less.

@Shaggydude2 2 месяца назад

I can't speak for anyone else, in my case, my employer miss managed our co. Which our 401k were 100% divested in. Well, after 25+ of contributing to my 401k, id amassed about 150k, then the company got into finance trouble, and everyone lost their 401ks which were based on the stock. Now, after starting over I have 50k and im approaching the end of my ability work.

@traskstoneworks 2 месяца назад

*hit happens!

@paulgarton6115 2 месяца назад

Trillions skimmed from Social Security Trust Fund. Trillions diverted to Ukraine, Israel, war-displaced 'immigrants' and the Zelensky Trust Fund.

@fredworthmn Месяц назад

Nope.

@larriveeman 2 месяца назад

fortunately I do have a pension, when I was 24 I realized a pension was the way to go so I went federal gov, 40 years later ( I bought back my military time) I have a great pension, plus SS and tsp/IRA and no debt, wife also has a small fed pension + SS

@kathy0698 Месяц назад

I have a gov't pension, but if I file for SS I'd only get around $100

@user-et7fv6fz6q 2 месяца назад

It takes 2 incomes to make it today unless you are amongst the top earners. This mess isn’t going to get better as the government has a huge spending problem. How are retired folks supposed to pay property taxes along with everything else. This country is falling

@SusanA1056 Месяц назад

I'm a boomer. My house is paid off. However, my rising taxes and rising utilities and crazy rising food costs make it very difficult for me. I use rain water in the house and despite my savings I just may have to return to work at age 70.

@greglane3978 2 месяца назад

Vacations, new cars, a jet ski, a boat, a lake cabin, and a high life style vs. actually saving for their retirement is the problem. Maybe? Pensions don't exist but even if it does look what happen to pensioners in Detroit. When pension funds run out of money it does not matter what you were promised. They are getting about 65% of what they were promised. Almost all of the government pension systems are in deep trouble. Drove old cars, stayed in the same house 30 years and fixed it up and saved money. Ready to retire and just getting the last things in place.

@cuz129 2 месяца назад

I'm a boomer, lived fairly frugally, gave generously and earned a very high income. No way a guy like me could fail at retirement. But you have to be gifted or lucky to be a high earner. Most people can't do that. I was lucky.

@davidbrayshaw3529 2 месяца назад

It is very commendable that you appreciate your luck. Few are so honest. And those that aren't are never happy, either.

@traskstoneworks 2 месяца назад

thanks for saying that, yes some of us got lucky, but when your ship comes in you better have the line to tie it up!!!

@eyesuckle 21 день назад

Finally, a little humility in these comments!

@swallman 2 месяца назад

The problem was corporations ended pensions as boomers were 10-20 years into the workforce. So when they started pensions were a thing and corporations all got rid of them and replaced them with 401-k.

@douglasskinner 2 месяца назад

Absolutely right. When I entered the workforce (50+ years ago) there were defined-benefit pensions which were later replaced by defined-contribution pensions. Gen Z thinks it's unique because it thinks it was shafted and, heck!, they've only begun their lives. They've been so pampered they want to give up too easily.

@3beltwesty 2 месяца назад

Pensions ended many generations ago in many industries and families. My last direct relative that had a pension retired in 1948. Another relative An uncle got 18 bucks a month pension from General Motors from his 1950s tenure there. I worked at a place in 1979 that had a pension plan. BUT you only became vested if worked there 10 years. During giant layoffs in 1983 great folks with 9 years 10 months were fired to kill off the pension liability. While at that place for 4 years the California tax board would not allow deduction of an IRA on state tax since worked for a place that had a pension. So when I put 2000 in an ira in 1983 California only allowed 1500 since calif law. Then 3 years later I had to pay California taxes plus penalties plus interest on 2 years disallowed ira deductions. The California tax folks said I could since not vested. Then 3 years later has to pay like 550 bucks since they changed their stance. So really a company could say you have to be there 500 years and nobody is ever vested so California won't allow ira deductions Actually the only folks I know who have Pensions are government retires. Maybe the telephone company or power company too.

@falcngnzx2 Месяц назад

Pensions are putting all of your eggs in one basket.

@kirk8429 2 месяца назад

Something good is also happening. Just retired at 64 and fortunately planned this well. Getting ready to hit the highways and skyways for the next 5 -10 years. Will see what's up with SS in 10 years but not worrying about it.

@tallman369 2 месяца назад

Are dollar is debased. Let's cut the pie in the sky nonsense.

@TerryWilliams-wu8xc 2 месяца назад

Wall Street Bankers are always figuring out ways and how much money they can drain out of the middle and low earners.

@MidlifeCrisisManagement 2 месяца назад

"something terrible is happening to boomers" and anyone else who fails to plan, save, and invest. those who fail to impose financial sacrifice upon themselves eventually have financial sacrifice imposed upon them.

@sco0tpa 2 месяца назад

Exactly, these are the people who voted for no government, no unions and every man for himself. If you want all of those things, you better be saving and investing.

@moorefacts6605 2 месяца назад

Happens to every generation. What is discouraging is some work hard to obtain security in old age while others figure out a way to get govt. benefits in some claim of disability. Some folks deserve the extra income but I've seen a few who were milking it.

@cathyandresiak 2 месяца назад

Oh BS , they base how much your SS will be according to your income from 40 years ago and that is why SS is so low as well as pensions! They knew baby boomers were coming and they used SS and invested it and never put it back! All of these people on here that think they are so superior because they saved money is arrogant and rude! I am a nurse and the elderly are suffering in this country, especially women that took time off to raise children, they are being punished for it in their old age! This country should be ashamed and someday the powers. of the wicked will be mowed down like a blade of grass!

@jaygold4467 2 месяца назад

Oh yeah, like the 2008 Depression that thru all the Baby Boomers out of work never to find another decent job again??? Who "imposed" that? Bill Clinton and George Bush! Glass Steagall anyone?

@WeekendsOutsideFL 2 месяца назад

The thing about it is, I don’t have access to jobs which pay enough for me to even maintain my cheap 7 year old ford, much less save and invest. I skip meals, wear rags, never go out. The whole idea people refuse to accept is civilization is collapsing

@lorenzell3104 2 месяца назад

The number of people on govt payments, the number of people wiped out by divorce, and those in low income jobs who lived paycheck to paycheck should be about 50%.

@cliffoilarjr2682 2 месяца назад

That's me! 2 divorces hit me hard, but I'm grateful I'm doing better than the 50% mentioned. Working on being debt free!

@bobbiejean3346 Месяц назад

Well it's affecting me I've worked 50 years was laid off for some reason I can't seem to find a job and the places I did apply to freaked out when they saw I was 69

@rustykatt3870 Месяц назад

Hi Bobbie- are there any employment agencies that help people aged 50+ find jobs in your state or area? Just a thought, and good luck to you and us all ! 👍

@mlw1700 2 месяца назад

It would help if the Govt would quit taxing SS benefits.

@Peter-hg2oc 2 месяца назад

Really glad that in Australia we have compulsory superannuation so I’ve now retired comfortably at 60.

@JaneJones-lg3bd 2 месяца назад

My husband had the same where he worked. It wasn't a choice, it was automatically deducted from your pay before you saw your wages. I think a big part of retirement success is DON'T spend your young working years running up debt!! If you can't pay for things on your wages do not expect to have them! Learn to do without the frills. Face the fact that if you are not born a Rockefeller or Hilton, and the like, then you are ordinary working folks. And that is just fine! Live accordingly.

@paulsi1234 Месяц назад

Yes me too. It helps that we don’t have medical debt, USA sucks if you’re not rich!

@lindachallenger1554 Месяц назад

I can speak from experience…no corporate pensions, layoffs, contract work, loss of pay between contracts, cost of living and housing increases to list a few of the issues that has plagued boomers in reference to having no retirement funds!

@Jacquie_Kirk_111 2 месяца назад

I always lived below my means. Second hand car, small house, rare vacations. So now i have enough to retire. Those that blew their money are now seeing the repercussions.......

@keithss67 2 месяца назад

And you reused toilet paper 🧻👍

@tonyherdina9142 2 месяца назад

I know guys in that situation and they blow what extra money they have in a casino, at a racetrack or on lottery tickets.

@MrCPPG 2 месяца назад

@@keithss67 Toilet paper? We used big maple leaves.

@keithss67 2 месяца назад

@@MrCPPG as opposed to hundred dollar bills

@TheWhitehawker 2 месяца назад

You should have upscaled to a grander house in a more desirable neighbourhood and then being able to down size then having the increase profit of the last 25 years to invest and live off.

@Gary-sx5ox 2 месяца назад

From the time I was 30 until I was 70, my friends took a very different direction than me. They bought boats, two+houses, cars, lake houses etc. Today, they are scratching their heads wondering what happened. I worked two jobs, brought lunch everyday, saved before I spent and lived below my means. My wife and I get $15000 a month for the rest of our lives because of 50 years of sacrificing, scratching and saving.

@hogroamer260 2 месяца назад

So you worked till 70? And have $15k in retirement income? You worked WAY too many years! I'd have to really be pissing money away to burn through $15k/month.

@jim6070 2 месяца назад

You are so special.

@dustinmiller2775 2 месяца назад

"Compounded interest is the eighth wonder of the world." ~Albert Einstein

@airthrowDBT 2 месяца назад

@@hogroamer260 Read again, and again, until you realize what he said.

@hogroamer260 2 месяца назад

@airthrowDBT Read MY comment again and again. "?" at the end of a sentence, indicates a question .

@Attalla2023 2 месяца назад

Just retired. Took all savings. Retirement etc. And paid for house, room to farm cars etc. No saving, no debt. Living on ss and I save some of that. It's not saving, it's debt

@markhumphreys7040 2 месяца назад

I partially agree. Debt is a killer. If you and a spouse can live on SS, then both of you must have maxed it. My wife likes travel with her friends. I go to my deer lease at least once a month. We both do short trips to the country together. But need more than just SS. Fortunately, we have some investments to help.

@BluePineTree-01 2 месяца назад

@Attalla2023, I agree with you. Debt or credit card debt or any kind of debt (accumulated) while on a fixed retirement income is not a good strategy.

@eyesuckle 21 день назад

I've got just two words for you, Benjamin: car farming.

@robertdavis5714 2 месяца назад

Born 1961. After what I have gone thru past 4 years I am surprised I am not homeless. Lost tens of thousands dollars in Stock Market (suppose to be my retirement), sister stole all money in Grandmothers Death Will (I was Att Exec) 2011 Motorcycle accident from intoxicated female driver, hit asphalt at 70 MPH wearing t shirt jeans and tennis shoes, skinned alive but lived. 2021 Health issues with Candida and lost 100 lbs in a few months. I can go on and on..........................But, the commander in chief is doing this to me for a reason (got my 1st vision at age 6 that saved my Life, there is a reason why I am still alive), where I live countless scandal, corruption and deception against my personal behalf, having to go to Court over Lies (sound familiar). Anybody that would have gone thru what I have would have committed suicide a long time ago.

@cordeliav3055 2 месяца назад

Am left gasping by your story!

@richardwallerstein539 2 месяца назад

Gray divorce can put both partners in a financial straight.

@g.t.richardson6311 2 месяца назад

Very true

@simstick 2 месяца назад

No man should marry under no fault divorce.

@ktech2762 2 месяца назад

_Living_ _Apart_ _Together_ is an option for those who remarry here. Most men tend to remarry; e.g. of the rich Bezos, Musk. The women statistically not so much if grand-kids come into the mix from their children. You see men heading to the Philippines, Thailand to go behave like saviours in South East Asia.

@moorefacts6605 2 месяца назад

She took the house I kept my pension. My inheritance produced a house. Now she's mad.

@user-wd5qw2sr4d 2 месяца назад

And our loyal (sarcasm) representatives in Congress decided to give SS to criminal invaders as well as medicare.

@traskstoneworks 2 месяца назад

Yes and I'm totally pissed about it too!!!!!! We know of a family that came to this country and in two years got SS disability .more than three times what we get and we did crappy jobs for over 40 years

@fredworthmn Месяц назад

Immigrants are not depleting SS. Grow up.

@georgemooyman7155 2 месяца назад

I'm a boomer and had to overcome a broken marriage and alcoholism before I could get my life on track. When I was 40 I started in my own businesses making and installing air conditioning ductwork. It was hard work and long hours but the rewards were there, and I ended up owning 2 houses and a good amount of savings to get me and my wife through retirement. People today have given up of looking after themselves and sit around watching social media rather than planning and improving their lifestyles and have their hand out to social welfare. If you work you can get ahead, if you work hard you can do even better.

@cathynewyork7918 Месяц назад

And those of us who are NOT alcoholics do even better. I am 74 and living happily in New York City, with the character to never have been an alcoholic.

@lg5683 2 месяца назад

Inflation high cost of everything we wait in line behind people who don’t belong and you know who☹️

@brianhurd9779 2 месяца назад

Well the main problem is money is worth .25% of what it was in the 80s Democrats have caused this between Obama and Biden.

@Resultsnottalk 2 месяца назад

The retired early because of age discrimination. I know professional who once they hit late 50s the best job they could get were delivery drivers.

@paland99 2 месяца назад

They can always check receipts at Walmart.

@user-hb1ui8ss5v 2 месяца назад

No fault divorce undid countless working men.

@veramae4098 Месяц назад

My retirement savings were either lost by my financial advisors or stolen by scammers. Nobody told me unless I was retiring.

@davidsolberg9464 2 месяца назад

A good share of union labor still has pensions.

@prschuster 2 месяца назад

Not everyone can land a job that pays $50/hour. Then there are way too many things that can eat up your retirement. Go figure.

@gordonallen9095 2 месяца назад

Like INFLATION....

@filmboyben 2 месяца назад

Thoughts and Prayers

@paulkersey2179 2 месяца назад

Azul very informative video as always. My wife and I have been RV'er for almost 20 years, part time only, in the last 7-10 years we have noticed a large increase of people living in RV's full time, many older, single and especially women, many out of necessity. But I have also met many people in their peak earning years, 30-40 who are living in what they call "adventure vans" encouraged by RU-vid influencers, some are working part time as "remote workers" but I think these folks are taking a big risk in not working "as hard as you can-making as much as you can, while you can" and will regret "living the good life" too soon.

@traskstoneworks 2 месяца назад

right on! we've seen exactly that and when they get old they will tell a tale of woe about how hard they worked and still have nothing.

@misscoutts6193 2 месяца назад

Theyre already retired before retirement.

@mrjuvy49 2 месяца назад

We got our wake up call in 1993, and started doing annual family Net Worth Statements. This kept us on track, by seeing our debts, and our real estate values along with retirement accounts. This has been the most powerful tool, and you can't hide the facts from yourself. We are doing fine now, but take it year by year.

@Dave-my1we 2 месяца назад

Gee…. Don’t allow ‘lifestyle creep”, Spend 15% less than you earn and invest the rest starting now later than age 27. Everyone can do this. If you have the will. Today. 30 years ago. And 30 years from now.

@johnpick8336 2 месяца назад

I am 72 years old and have noticed that more than a few elderly people who were set in retirement are being bankrupted by some of the same hedge and investor funds that offshored and liquidated our US manufacturing capibility. Greed is why ?

@jaygold4467 2 месяца назад

Exactly. Globalists.

@kwilliams2239 2 месяца назад

If they're being wiped out by hedge funds, or anything like that, they haven't invested wisely. Only a fool would invest in a Madoff-like scam.

@xyz987123abc 2 месяца назад

@@kwilliams2239 AND KEEP INVESTING IN SAME THING. LAZY OR STUPID IS ONE THING BUT LAZY and STUPID IS ANOTHER.

@kwilliams2239 2 месяца назад

@@xyz987123abc There is nothing wrong with index funds, exchange traded funds, or target date funds, with a low/no cost brokerage (Schwab, Fidelity. or Vanguard). The target-date fund being the best choice for retirement accounts. The slow and steady tortoise will beat the hare, nine times out of ten. The money will be there ten times out of ten.

@ginamcneal4435 2 месяца назад

I am a baby boomer. I watch younger people around me spend money frivolously ( in my opinion) . Expensive hair and nails , new cars , putting trips they cant afford on credit cards , shopping for recreation, Starbucks everyday... The list goes on and on. I worry for them. Itll be even tougher than it is now in 50 years when they try to retire.

@KathleenMcNe 2 месяца назад

I'm a boomer (with zero debt and a net worth approaching $14 million), and I also observe how freely younger generations spend money. Instead of living frugally, saving and investing like my fellow boomers and I did, younger generations spend a lot of their money on luxuries that we boomers never would have wasted money on.

@timothykeith1367 2 месяца назад

Starbucks isn't a big expense. It is only when you can't save money.

@xxxxxxxxx3944 2 месяца назад

To be honest, people after Gen X can't buy houses, can't go to college, can't afford children. So why not just spend on frivolities ? Are you going to deny them even that ? Boomers enjoyed all those things denied to people after Gen X. Are you so misery in your assessment of people who didn't have it as good as you ?

@ginamcneal4435 2 месяца назад

@@timothykeith1367 I agree

@katydid2877 2 месяца назад

@@timothykeith1367 It’s an unnecessary expense when you buy one every day and you don’t really have the money to be doing that. You can make coffee at home.

@sactopyrshep 2 месяца назад

My union membership gave me more than a living wage and an excellent pension.

@glennheeren1888 2 месяца назад

I retired early due to the forced injection. Nobody wants to talk about that elephant. Thank you government, I’m enjoying a responsible lifestyle. My biggest concerns are inflation gobbling up all my savings and insane health care costs.

@PhilosopherKing73 2 месяца назад

I retired in 2009 and I’ll gladly talk about the elephant…got all my injections (and every booster since). I suffered nothing worse than a sore arm. I haven’t had covid….sorry you got conned into retiring early by all this anti vax nonsense…you have no one to “thank” but yourself…

@boulderangel124 2 месяца назад

Hopefully, that forced injection 💉 did not cause you an adverse reaction that forced your early retirement. If you were forced to retire because of noncompliance with the mandated injection, you made a wise decision imo.

@dragonhoard9371 Месяц назад

Didn't want the secret sauce cooked up in the lab did you? Its a screwed up world. Im 33 and after observing how stupid people are, i fear for the future. I work for myself so wasn't an issue. Not that anyone could force me to take it anyway. Good on you.

@lesleysears9808 2 месяца назад

I was planning to work until 70 because I liked my job as a nurse and did not want to be poor like when I was a child. Unfortunately and unplanned my autoimmune disease disabled me at 60. Fortunately my mother worked until 78 as a legal secretary, she left me enough to survive due to her working until she was almost dead at 80 so her working an extra 13 years saved me from poverty being her only child. My dad was a bum and left nothing.

@misscoutts6193 2 месяца назад

Stayed single? Iucky you were the "only child"!

@inverted3rd 2 месяца назад

Local, State, and Federal taxes, fees, and mandates are taking all their money, nothing left for saving.

@panfergan 2 месяца назад

I’m a 69 year old homeless, honorably discharged veteran. People don’t give a shit.

@erin19030 Месяц назад

I am a pre boomer born in 42. We had our war in Nam, it was a meat grinder. Coming home from Nam was tough, being spat upon by our countrymen that we gave a blank check for our lives for. Living in the country I fought to defend was no picnic either. There were meager military benefits at hand like college assistance and buying that new home with affordable interest rates. My son will inherit my house. He and I are currently restoring it to like new condition. My life’s wealth will be Passed on to him as he earns it. We are not waiting until I am dead. I enjoy living with him as I teach him home maintenance.

@erin19030 Месяц назад

I salute all you boomers , we had good times and bad times. We made it thru. Lets not abandon the Democracy that kept us free , safe and prosperous. Please be sure to vote BLUE.

@petermusto3704 24 дня назад

I'm no expert, but I did work for the VA for over 33 years. See what kind of services they can provide for you, and help in your struggle. Thank-you for serving.

@bobbiejean3346 Месяц назад

And what set me back actually was being scammed it seems like just about everyone in the world these days have been a victim of it.

@ronmexico5908 2 месяца назад

Now most people don’t have pensions, SS is constantly being threatened to be running out and people don’t make enough to save significantly

@JBoy340a 2 месяца назад

SS has been close to running out at least twice before. And each time it was saved. Sometimes with as little as 2 months before benefit cuts. It will get fixed again. Any person not supporting shoring up SS will end up out of public office in a millisecond.

@indigostaraz 2 месяца назад

@JBoy340a "Third rail of politics" no politician wants to touch it.

@notastone4832 2 месяца назад

@@JBoy340a nah. boomers aint the majority of the population.

@michaellightbown9492 2 месяца назад

Boomers are in trouble? Try being a millennial or genz these days.

@Savvynomad225 2 месяца назад

Once boomers start transitioning to dirt, millennials and gen z will be fine

@JBoy340a 2 месяца назад

Some millenials are doing fine. They got good education and good jobs and are able to save and invest considerable amounts. And the have decades of time for those savings and investments to grow. It all depends on planning. The sooner you start saving for retirement the better off you will be in retirement.

@squidward66 2 месяца назад

Thanks for skipping the invisible Gen X'ers. We like it that way.

@michaellightbown9492 2 месяца назад

@@squidward66 lol I’m genx. We have it much better than younger kids.

@johnd4348 2 месяца назад

Try growing up in the Depression and then fighting in WW2. Thats what my parents did. They would gladly trade places with you. millinuals and Gen Z have it easy as pie. Its a cake walk to live these days.

@goldstandardaviation1667 2 месяца назад

66 yo Boomer and small business owner here. Last year saw historically high earnings for me. This year will probably equal that profitability if consumers continue to spend like drunken sailors. I plan to semi-retire at age 70 and start collecting social security. That is IF the economy keeps going strong. I've been saving like a pack-rat for years and it paid off. Owning a business is full of risk and reward. It isn't for the faint-hearted.

@markhumphreys7040 2 месяца назад

70 in two months. I'm winding down a small business with less than 20% of the work I had when I made the decision 6 months. It'll probably take a year to all be finished. Regretting a bit waiting so long. My attitude was I would work til I died. Caught Covid and then a few extra problems and decided I should retire to do things. With less work and playing more I have found that my physical stamina isn't what I want it to be to do the things I want to do. Hey, I walk two miles 5-6 times a week, but getting older is resulting in loss of mobility/elasticity and it sucks. If you have the money, retire ASAP!

@hogroamer260 2 месяца назад

Nope, I was happy working for the man, knocking down six figures, getting paid sick days and vacation and letting them pay half my Social Security tax. Retired at 56 but took a bunch of crap from time to time.

@sco0tpa 2 месяца назад

We need to include the cost of the boats, houses and trucks they've owned over their lifetime in this analysis. I'd like to see how many of them brought this on themselves. Not all have but many have.

@katydid2877 2 месяца назад

There’s a ton of videos on RU-vid about seniors living in old motels, broke. Their stories are very revealing. Years of minimum wage jobs, no extra training or education, often some addictions thrown in and helping out relatives when they didn’t really have the money to do that. Just many years of bad decisions.

@chelseacraft4669 2 месяца назад

Does that make you feel less guilty for stealing Social Security from seniors who’ve paid in all their lives and were told they were getting a certain amount and now they’re getting less than half that amount? Does that make you feel less guilty blaming your victims for all of the excesses that you’ve voted for in government and allowed to continue with no law-enforcement whatsoever which is allowing wealthy people to do anything they want to seniors with no repercussions whatsoever and laughing at their victims because working class seniors don’t have enough money to hire a team of lawyers to fight it? You just want to victim blame everybody you all are collectively robbing because you don’t own a conscience.

@chelseacraft4669 2 месяца назад

@@katydid2877 this from the generation who can’t make change for me at the store even when the computer tells you how much change to give me because you don’t know what the value of a coin is and even when you’re told you can’t add the different value values of the coins together in your head to make the amount of change necessary. Seriously… Young people these days can’t find their own way out of a paper bag.

@cheeseman9967 2 месяца назад

Where's all the money that they stole out of the SS fund...PUT IT BACK!!! Also, don't count your house as wealth if you are going to LIVE IN IT! You will still be paying real estate taxes, insurance and upkeep!

@PAPITO_49 2 месяца назад

A person should have his major life needs paid off by age 55.

@the_real_life_bondgirl Месяц назад

Homes are now 450K in flyover country for a starter. How on earth can anyone have that paid off by 55 on average wage of 52K? people refuse to marry now due to Boomer divorces/lega system. Unless you are the top 10%, no way you can even afford a home let alone pay it off by 55.

@anitadbreak8591 Месяц назад

@@the_real_life_bondgirl- Government, cities and / or counties have down payment help. Research requirements and work toward that. As for monthly payments, be sure to search for a house where you can have roommates and yet, still have privacy, ie living room & family room, or, multi-level living. Best wishes.

@fsaldan1 6 дней назад

The sense of entitlement of Americans is shocking to any person from poorer countries like myself. They really believe that God created the world so that each one can have a house with a pool, a lawn and a picket fence. Regardless of how much they spend on other things. For this reason the US had current account deficits every single year since the 1980s and now owes $20 trillion to the Rest of the World.

@shelleyw1858 2 месяца назад

How can this be???? We have spent our entire lives paying into social security.

@CrimsonRaven51 2 месяца назад

Have paid into SS since 1971 when I enlisted in the Army. Only fully retired last March at age 73! Still tried to get a job at Home Depot so I wouldn’t get bored, but they never responded. Probably saw more deserving younger folks. But, enjoying the rest and benefits monthly keep me comfortable.

@marymacdonald2379 2 месяца назад

I'm 74, retired in 2020. For at least the last 15 years of work, I received an annual statement from SS showing a close estimate of how much I could expect at min., full and max retirement ages. The last several statements were clear the SS fund would run short by 2030. These statements were good motivation to save more.

@Zoet50 2 месяца назад

I retired at 54, now 68. I live a debt free frugal simple healthy life. So not concerned about finances. One thing I really have concerns about is the need for assisted living at some point. Typically 8-10 thousand a month. The thought of being a burden and not being independent is an option i don’t want . Unfortunately society feels that everything should be done to keep us around at that point. Seems it’s more about profit than empathy.

@MW-eg4gu 2 месяца назад

Over-spending, not living within the budget, reaching too often for the credit card, divorcing, not saving enough.

@zoomzoom3950 2 месяца назад

Divorcing hit hard; but I was able to regain my lost wealth and more. Also, when I do retire (early) my retirement savings only has to support me (and help my kids); not my ex-wife, so that's like a 1.5x- 2.5x multiplier of my savings!

@practicallandlording2787 2 месяца назад

Retirement is a quick death for men. Stay active and keep working. In my 70's and still going strong working on apartments although I no longer regularly load heavy materials. Money is not an issue. Old boomers are in high demand for any position which involves responsibility. Want to get a few.

@douglasskinner 2 месяца назад

Old Boomers in demand? I don't doubt you, just want to know where?

@kathleenjohnson3645 Месяц назад

I was married to a non saver who grew up with non savers. It’s how you were raised. Once I divorced I was able to control my life. High yield USBonds, 401Ks and moved out of California to a state with lower cost of living. Worked for forty years. No mortgage, no car payments, early forced retirement due to mother’s cancer and dementia. My social security puts me in poverty level. I got cancer and would have been wiped out if I was above poverty level. Luck is what happens along with being frugal. Don’t spend more than you take in.

@marymacdonald2379 2 месяца назад

My 72 year old sister, bright enough to be a successful fraud analyst for a major U.S. bank for years, mismanaged her assets and income for 30 years. She remains in one of the highest living cost areas in the country for social reasons. She works 24 to 32 hours a week at Safeway as a cashier, with no plan for retiring soon.