I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Paula David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
He got some wisdom. It’s better to be happy and not rich then to be rich but unhappy. So many unhappy rich people out there right now. In a way, I liv my life like that. Happy but not rich. Never mind. I have my health, my daily meditation, my mission in life ahead of me. Life is great and wonderful when you know how to enjoy it the way your inner self wants to enjoy it. Don't listen to your mind or your body, listen to your soul. There are way too many unhappy people in the world today because they dunno how to listen to their soul. I learnt how to listen to my soul from my enlightened master. Still learning everyday.
Incredible, you managed to interview Jim Rogers!! A wise and humble man who doesn't flaunt what he has and prefers experiences over material possessions.
If Jim is reading this, don’t feel that you missed the train in China of 1984. It was just the beginning of growth. Many people got burnt even when many got rich. You could have been burnt… anyway fully enjoyed your sharing and yes indeed we have to love what we do. While many a times the decisions we made are to survive and live a life, we ought to also look to the future. The future is always bright as it is in our hands to make it good.
I'm born and bred here in Singapore. I don't have anything against the legendary investor or foreigners, so my feedback represents just general personal thoughts as a local. I do not represent anyone nor my country. It's possibly a touchy post but I'm unafraid. As is. The author mentioned below there's "nothing wrong" with being a "global citizen". Multiple passports of "global citizens" for me reek of disloyalty should anything turn southwards in our country - they are ready to pack and just leave in a jiffy because they don't really feel anything for our country - it's just a convenience for them and their families and relying on the security and perks our country provides. Foreigners who came here in the 1960s came to make their living, and to settle here. They made Singapore home. Toiled and worked hard. Foreigners today come here in different situations for different reasons. There is loyalty and assimilation into our populace regardless of a person's wealth. If they are disrespectful of our country, and behave in an entitled manner just because they are the who's who with wealth, and are super talented, no local here gives a fart about these types - they can please just pack and leave. These aren't welcome regardless what the government says. If they are respectful of our country and people, and contribute in good positive manner in assimilating into our way of life, to make Singapore their home, because they have grown to like our country and genuinely try to blend in, to assimilate into our populace, and make their life here, a cosmopolitan citizens I believe most Singaporeans understand the issue of foreign talent on our soil and we welcome them. We like nice, well-mannered people who add flavour and good will when here. They want to be part of our country, to live and stay and they will support Singapore with their own blood as we would. What we can't tolerate is the attitude of some (wealthy or otherwise) foreigners today treating our country like a holiday pad in pompous manner just because of.... their wealth / stature / foreigners "who know it all"? We are generally a respectful, peaceful people and most will not take to any foreigner who is rude, or behaving in entitled manner for all the perks they enjoy while here on a long stay, regardless of their stature. They are certainly not entitled to their life here on long term basis without anchoring down and aren't welcome if they don't mind their manners or blend in. I have a number of foreign friends here and they are some of the nicest people I've met and I deeply enjoy their company. Many come on work stints and some leave, others love it and stay on to make Singapore their home. They feel for and become one with us. So it's very much dependent on the type of foreigner on our shores. Most native people in any country don't take to fleeting "global citizens" with multiple passports who feel entitled to enjoy the country only to fly by night because they don't feel sense of belonging here. And that's ok, just rein in the attitude please. Flip side : yes we have our rude citizens here as well towards well-meaning foreigners for no apparent reason, so it runs both ways. But small %. No one wants the attitude or trouble. Just be mindful and respectful both ways. Be loyal in thin times. Stay and help how you can and everyone's happy.
Granted money can be misused for evil deeds. Money is still one of the most important thing in life. Without it you might not get your next meal or your next most important goal in life.
Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my $420,000 in retirement funds to lose value. Where else could we invest our money?
Personally, I'd advise finding a mentor. I'm not sure where you can find one with experience, but it seems like a good bet if you have little market expertise.
Since COVID, it has been more difficult to create a strong financial portfolio, thus I advise you to diversify. My coworker advised me to consult a financial advisor, and with their assistance during this market fall, I have really made over $120,000. Despite the ups and downs, they employed defensive methods to safeguard my portfolio and generate gains.
@@Dev_Miller "Andrew Glenn Adams" is my financial adviser. He is extremely skilled and knowledgeable in the financial sector. He is an expert in portfolio diversification and has vast understanding of the subject. I urge doing more study on his credentials. He has a wealth of experience and is a valuable asset for anyone attempting to navigate the financial market.
@@Carole974 Thank you for sharing. I conducted my own investigation, and your advisor seemed to be sophisticated and skilled. I wrote him an email and called him twice, but he didn't answer, so I scheduled a phone call.
Singapore is safe ..everyone reaches a stage..where besides health..safety comes first..one can enjoy one's 'wins' in comfort and feel more secure..physically, mentally, financially.
Breakthrough? lol. Rogers will accept interviews from channels of any size. I've seen him on channels with 50 subs, You clearly have no idea about Rogers' grift. He makes all of his money from PR. He's a terrible investor. And I have proven that for years.
@@Caleb_Mandrake872 Why not ask Rogers to reveal his investment track record? The only way to assess his performance is based on his public recommendations which have been terrible. Check my website. I have exposed Rogers in dozens of videos and articles. He's a total fraud. The same with Peter Schiff, Harry Dent, Jim Rickards and the rest of the "experts" promoted by the media.
Amazing interview, I met Jim Rogers in person - in the back stage - when I was based in Singapore. He took a speech at the Raffles hotel, in 2010. Extraordinary and genuine person.
I'm so impressed by his two daughters who speak perfect mandarin ... And you are also somebody yourself for Jim Rogers to grant you an interview ....congrats max
He was a good investor in the 90s but he hasn't being good one for a long time. If you had followed his advices in the last 2 decades, you would have missed a lot of opportunities and lost a lot of money too. But I do agree with him on invest in what you know.
I always wondered if Max would dress up (suit and tie) to interview Jim Rogers. Glad to see that he's still in his casual black T-shirt. Goes to show that he treats all his interviewees the same!
I met him a few years ago at a coin fair in Singapore. We were both going after North Korean gold coins. Got a book autographed by him too. I learnt alot about the world from him
Good for Max to get some pushback for a change. Frankly Jim is right, I find it vulgar and materialistic how Singaporeans talk about money all the time: ‘what does this cost?’ ‘my house cost xxx’ etc.
Yeah, if I were Jim Rogers, I would have bought a property when prices were not as exorbitant during those period as now. With the rent that he keeps paying all these years, he could have bought a property as a form of investment.
His passive income is massive and it’s other people’s money lol. As a PR he can’t buy his huge landed home unless he begs SG gov for permission, and there are advantages of renting instead of buying such as if a storm tears the roof or old pipes and wires and plumbing needs changing. He can still invest in properties by buying into REITs of anywhere in the world not just SG.
He rents the house he lives in because he wanted to be in a certain school district. Perhaps he owns others and rents them to others. For all any of us know, he owns a skyscraper.
Max, this is a great interviewee. And i do like your channel. But you need to prepare a bit more, do a bit research, you always scratching the surface, go a bit deeper into what your respective guests areas of expertise are. Don't ask Jim Rogers how much rent he pays for god's sake..
Jim Rogers investing style is his insane knowledge of global geography. He knows every countries ins and outs and is able to find opportunity where others just see poverty
Wah, because he’s a ultra-high net worth person, his interview is much longer than usual 😂 Doesn’t he know only citizens can buy landed properties in main island of Singapore. PR and foreigners and only buy landed properties in Sentosa Cove…..lol
In Singapore, Jim does not have to worry about crime, corruption, capital flight. For someone of his financial position, Singapore is secure, at least for now. I hope the peace dividend grows in Asia so that people in the region can continue to grow and build their families.
People invest with cash. I’m high and dry usually before the end of the month after deduction of expenses. I can save/invest maybe around 5% of my salary. More often than not, I have to dip into this 5% to make sure my bills get paid.
I actually moved out here years go BECAUSE of Jim Roger's book "Investment Biker". He's so important to me I even wrote his name in for President in the last US election I ever voted in.
0:06: 🇸🇬 Jim Rogers explains why he chose to live in Singapore and the importance of having multiple passports. 4:28: 🌍 The speaker believes that Asia is the future and emphasizes the importance of saving and investing money for the future. 8:11: 💰 The speaker discusses their views on money, possessions, and the next financial problem. 12:39: 🌍 Investing advice and life principles from an experienced investor. 16:10: 🌟 He reflects on his life, highlighting his experiences and regrets. 20:46: 🌟 The key to success and happiness in life is to figure out what you love and pursue it. Recap by Tammy AI
jim is a small fish in a spore's smallest pond...he was a small fish in a large usa pond....he is one of many ang mohs living here as p.r.....nothing special...unlike indian expats
The first question should be, "Mr Rogers, why did you leave the United States", and not why did you go to Singapore? His choice of Singapore is not so interesting to me as his decision to leave the United States. Why do I think he left the US? Probably for the same reason that I would like to leave the US: it is a politically corrupt country, mismanaged, and engaged in perpetual wars in order to justify an enormous military budget. Why such an enormous budget? Because the funding of that military by a prostituted congress sucks wealth out of the entire country and transfers it into the pockets of a small, "elite" collection of oligarchs. The entire electoral system, the Constitution. the three branches of our government, and all its agencies and instituions have been perverted into cogs in a machine to effect that transfer. There is nothing that an American citizen can do but LEAVE, and Rogers was wealthy enough and wise enough to gather his family and GO !
Don't know how many years ago Jim Rogers was referring to, but China is now blue skies everywhere. So, your video footage there is bad. I went to Shanghai recently and it is blue skies everywhere, indeed. It has the most EV car penetration in the world! That's an amazing achievement.
This investor is so legendary he called Singapore reaching its peak in 2000 and has not bought any property here since moving here 16 years ago because he thinks it's in a "bubble". Lol.
Singapore real estate is more dynamic than people think. The public housing policies have major impact in prices and demand which is not found else where. Jim Rogers may be a shrew investor in commodity but he may have missed the boat for real estate in Singapore.
He’s very conservative for sure, not a bad trait for someone who is this wealthy. His rental is probably a tiny fraction of his passive income and he has leverage over the landlord, because where is the landlord going to get another tenant like this? He is on wealth preservation mode far more than chasing super growth via high risk, which the average folks are more obsessed with.
back 20 plus years ago when he was a regular guest on cnbc he would always obsess about bubbles. They finally got tired of hearing him as the markets charged forward
Jim's surroundings belie his claims that he doesn't believe in buying "things". He drinks from a silver cup when it tastes as good as a glass; he has a bunch of very high-end globes when one is all a person needs, especially in the same room. He lives where the curtains likely cost more than a nice German luxury car. Oh well; as long as he's not lying.
I wish you would have asked him about Russia. For years Jim was pushing farm land and he bought farm land in Russia. What happened, and does he still promote farm land?
From a modern looking stand point I thought it was the best looking city in the world 25 years ago now I spent time in Miami and also got to see cruise port to this is the most beautiful modern city in the world
Max, just a suggestion here. Perhaps you can feature Leo Koguan next. He is a Chinese-Indonesian / American choosing to reside in Singapore fairly recently. I myself am rather curious what also makes him choose Singapore. Now, THAT is a rather legit representative of Indonesian community there. 😊
I respect what he says about not talking how much things cost, but he is very old school. These days people often talk about how much things cost. Not purely out of curiosity but so we can plan and know what to expect and to be aware of prices
I don't even know who are these people you interviewed.... but it seems there are some interesting people in this country that we dont know ( or care ?) . Perhaps time to dive deeper into real Singaporeans , see rheir struggle and what it means to live in rented HDB flats instead of rented private property
Dear max I’m an avid fan of all your content and sometimes start my days with your videos to get motivated and inspired. A small request most of your videos are based on Singaporean and Malaysian expat experience. I would really love to see your take on how expats have performed in other south East Asian countries as there are hidden gems, success stories and opportunities in other cities as well.
