You Will Never Retire, Here's Why... - How Money Works

Подписаться 1,1 млн

Просмотров 2,4 млн

50% 1

Sign up for my newsletter compoundeddaily.com 👈
-----
Recent reports have found that less than 30% of American workers are on track to retire at all, and even fewer think they will have a comfortable retirement and they might be right.
I know you didn’t want to hear this, but there are a few BIG factors at play in the world today that are going to act to keep most younger generations in the workforce indefinitely.
This is all before considering the major hiccup that the covid 19 pandemic has been.
A global event that has actually worked to widen the gap between younger generations with fewer assets and more precarious employment, versus older generations which tend to be more secure.
Now you might think you are different, you contribute to your 401k, save diligently, subscribe to How Money Works and even invest regularly into the stock market.
Well that’s all great, but I might still have some bad news for you.
There are lot’s of issues at play here… Housing, the stock market and a series of broader economic conditions which might threaten the general assumptions we make about indefinite growth.
So it’s time to learn how money work’s to find out why we will all be on that grind until we are 120 years old.
#Retirement #Investing #HowMoneyWorks
___________________________________________________________________________
Link to my vid on BS Jobs - • Your Job Achieves Noth...

Опубликовано:

9 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 8 тыс.

@HowMoneyWorks 11 месяцев назад

@k16108 8 месяцев назад

You didn’t talk about globalization. It was mentioned as a problem.

@DiegoUy 21 день назад

It would be great if you can slow down your cadence in your videos. You have two options: 1) Slow down your delivery (you talk too fast): you are overwhelming your audience with information.... Make more videos about the same topic, like part 1 and part 2 and try to slow yourself down, OR 2) Do not do anything about it, and risk losing potential subscribers. Also, remember you surely have an international audience of non-native english speakers... (I am one of them). I do not have time for watching the same content two or more times just because the narrator has a rush to deliver information. Great content by the way, but... just slow it down a little, please.

@jerrycampbell-ut9yf 7 дней назад

I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement

@larrypaul-cw9nk 7 дней назад

it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

@Mrshuster 7 дней назад

Having an lnvestment advser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know

@sabastinenoah 7 дней назад

I appreciate your nice words and would like to get in touch with your account management consultant.

@Mrshuster 7 дней назад

Her name is “VIVIAN CAROL GIOIA” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@sabastinenoah 7 дней назад

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!

@SuperlativeCG 2 года назад

It's important to work hard your whole life so that when you retire you can afford the treatment to deal with the mental and physical pain caused by a lifetime of hard work

@YFZriderdude15 2 года назад

So ironic.. lol.

@GoznerPeter 2 года назад

Love this.

@johnstallings4049 2 года назад

100%! ❄️😶❄️

@kubizotsuzuh2999 2 года назад

Lol. Speaking from the cage of Wage slavery. The whole point is to get out of it. Not to improvise within the trap.

@fivehundrediq5212 2 года назад

@@kubizotsuzuh2999 Western Economies aren’t designed for you to be your own boss

@vincem257 Год назад

The prospect of working 40-50 years of my life just to “retire” when I’m old has always been very depressing to me.

@mackeejack6731 Год назад

What’s the alternative? You’re expensive to keep alive at any age. We all are

@vincem257 Год назад

@@mackeejack6731 every sentient being works to maintiain it’s survival. However, there are a plethora of alternatives to being employed for someone else and throwing all your savings into a retirement fund.

@jaydentimsans425 Год назад

Yea absolutely a waste of life we were not put on earth to work for paper the old generation thought we were put here to do hard work for others and get the scraps

@dh8148 Год назад

Me too, man. I'm trying my best to get out of this ASAP, just trying to make and leverage money as much as possible until I don't need to work. I really don't care about anything else. And trying to eat healthy so I can hopefully live in good health when I'm middle aged/old. Well fuck, I'm 36. I'm already near middle age. LOL I'm either going to get rich or die trying, I suppose.

@Goodnightsrest Год назад

@@dh8148 I’m with you on that one get or die trying 💯

@Raymondjohn2 4 месяца 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.

@bob.weaver72 4 месяца 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.

@martingiavarini 4 месяца 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.

@TheJackCain-84 4 месяца назад

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

@martingiavarini 4 месяца назад

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

@TheJackCain-84 4 месяца 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.

@superchargedpetrolhead 2 года назад

You won't have to worry about retirement, if you don't live until the retirement age - Gen Z probably

@Demmrir 2 года назад

I, a millennial, can absolutely guarantee that I won't be working in my 70's. Because I'd be lucky to make it to 60 due to a medical condition. This is the best-case scenario, at this point.

@chrisjohnson7872 2 года назад

I hope I will be able to work into my 80s or 90s. I want to strengthen my Dynasty by pouring money into it.

@emPtysp4ce 2 года назад

I'm early Gen Z and my retirement plan is dying in the Climate Wars

@jimandjackandhank7938 2 года назад

And millenials

@PegahSye 2 года назад

This only is a problem for Americans

@mrt6349 2 года назад

Bought a flat in 95 for 20k$ its worth 560k$ now. These types of apartments were meant for people with a low income.

@HowMoneyWorks 2 года назад

My goodness. Love it when affordable housing isn't affordable /s

@mrt6349 2 года назад

@@HowMoneyWorks So right now i live in an area and in an apartment i would never ever be able to afford, so 95 was a good year for me to buy a place to live :)

@mng8680 2 года назад

@@mrt6349 Which leads to the problem today where many people are speculating that housing will continue to increase more in value in the future, which further drives up the unaffordability of homes which is a cycle a self fulfilling prophecy.

@badass6300 2 года назад

@@mng8680 Well it might be time we stopped living in houses/appartements for a while, at least where climate allows it.

@noahwalters2732 2 года назад

Don't worry, when inflation hits hard that 560k will be worth nothing, and it will be affordable again.

@CrystalJoy-32 Месяц назад

I've been diligently working, saving, and investing towards financial freedom and early retirement. However, the economy's downturn since the pandemic has significantly eroded my portfolio. My question now is: Should I continue contributing to my portfolio in these unstable markets, or should I explore alternative sectors?

@Sampson-jh7yq Месяц назад

I'll tell you that it's practically hard to rebuild your retirement on your own, without a partner's assistance. Not even NewRetirement and associates can match the skills, experience, and broad clientele of a professional financial advisor. Assess and select one, and then use a financial advisor to help you allocate your funds.

@FrankPatrick-no8zo Месяц назад

As a contractor, my job leaves me little time to thoroughly analyze my investments or evaluate stocks myself. Therefore, for the past seven years, I've entrusted a fiduciary to actively manage and adjust my portfolio to align with current market conditions. This approach has helped me navigate the ups and downs, knowing when to buy and sell. Perhaps you should consider a similar strategy.

@jose2212- Месяц назад

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

@DennisJack-km8ho Месяц 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

@friendeleven5711 Месяц назад

Invest in solid gold and Indian equity

@Debbie.Burton 13 дней назад

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

@HarrisRyan-oy8eo 13 дней назад

it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

@benitabussell5053 13 дней назад

Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.

@judynewsom1902 13 дней назад

@benitabussell This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.

@benitabussell5053 13 дней назад

*Sharon Lynne Hart* 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.

@A_francis 13 дней назад

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

@IDFK531 2 года назад

retirement is easy is you just cut out unnecessary expenditures like food, clothing, rent, vacation, and sleep!

@hydoffdhagaweyne1037 2 года назад

Yeah, I don't understand why some people waste their money on health care, raising children, and education.

@user-gz4ve8mw9l 2 года назад

Another words you cut out anything that has a price tag on it. Instead throw all your funds into investments, and savings. While dying in the gutter hopefully you don't collapse from lack of food, water, and other human needs before you accumulate enough. Oh you'll retire alright via this approach, retire into death. You devised the same retirement plan I have imagine that.

@triton62674 2 года назад

Don't forget about the unnecessary spending on avocado toast

@urnikhilbhat3123 2 года назад

@@user-gz4ve8mw9l your a doomer

@prod.yayo5715 2 года назад

@@user-gz4ve8mw9l exactly the way I think like I’m not giving up I’m still trying I just see through it all currently working as a carpenter when I have an associates degree in occupational studies for studying automotive and diésel/hydraulic s I got good grades excellent attendance pretty much everything was set for me to have a job in my field but at the time I was smoking bud but only because that’s the only thing I could do besides some calisthenics in my free time I had to drive an hour and 20 mins everyday to get to school and back home so 3 hours in total but they’ll allow you to get a job if your a alcoholic and nicotine addict but god forbid I get a career in the field I studied for cause I smoke a little lettuce fucking stupid if you ask me they would rather prescribe me some kinda pills and tell me to pick up drinking instead

@Zones33 2 года назад

Millennials: working till they drop dead GenZ: working even after death

@auxencefromont1989 2 года назад

EVEN IN DEATH I STILL SERVE !!!

@Jcewazhere 2 года назад

Used to be rent till you can buy. Now it's rent till you die. Next it'll be rent your graves.

@HowMoneyWorks 2 года назад

LMAO

@africanelectron751 2 года назад

Thanks for the business suggestion.

@majstealth 2 года назад

@@auxencefromont1989 damn you were faster..^^ all hail the emperor!

@PatrickLloyd- 5 месяцев назад

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@Dannyholt33 5 месяцев назад

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

@PhilipDunk 5 месяцев назад

It's true that advisers have a function that cannot be discounted, simply ignored. During the COVID-19 pandemic in early 2020, I saw a minor decline in my portfolio worth around $300,000. This decline was likely caused by the pandemic crash, so I immediately sought advice from an adviser to prevent panic selling. Due to my proper delegation of my excesses, my account has produced large yields and leverages on a 7-figure basis as of right now.

@mikeroper353 5 месяцев назад

@@PhilipDunk this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

@PhilipDunk 5 месяцев назад

My financial advisor is “Vivian Carol Gioia” I found her on a CNBC interview where she was featured and I reached out to her afterwards via her website

@mikeroper353 5 месяцев назад

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

@tybarker5038 2 года назад

Ah, another episode of “your life is fucked so don’t even bother”

@Ota_ku69 2 года назад

He kind of just sounds like a pessimistic nay sayer. Probably best not to listen to every single thing he says.

@deussivenatura5805 2 года назад

@@Ota_ku69 Better to be a pessimist than an optimist. Atleast the former prepares for the worst.

@marine5546 2 года назад

@@deussivenatura5805 preparing for the worst is often a self fulfilling prophecy

@LenaLangton 2 года назад

Pessimists believe in a better world, optimists think it’s already here.

@devilhunterred 2 года назад

@@LenaLangton that makes no sense.

@trancepeirce3107 2 года назад

The Asian retirement plan is to 1: have a kid, 2: quit job to watch your grandchildren.

@lam7499 2 года назад

I was (sorta) raised this way by my grandparents on the Chinese side of my family It actually works pretty well and helped me have a great relationship with them when they were still alive. Multi generational households are awesome (when done out of desire and not economic necessity, anyway!)

@thisguy7175 2 года назад

Yeah, but it breeds resentment toward our parents...

@y2k21 2 года назад

And how's that working out for them?

@cyberninjazero5659 2 года назад

I guess in the end we learn that Usury is in fact bad and no way to run a society

@mika274 2 года назад

Usually you have 2 or 3 kids. This way your retirement is not a burden on one family but 3 families. This way it is shared. This is one of the reasons Chinese families will face a lot of issues in the future.

@eseitewelde4399 Год назад

My spirit was already crushed before watching this video. I was born poor, raised poor and I am still poor as a working class man. I will most likely die penniless under a bridge during a harsh winter. Wish me luck.

@adamr.kalucki4347 Год назад

Good luck !

@diogofarias1822 Год назад

You might not get rich. But it doenst have to be that bad either.

@waldelsusngi9439 Месяц назад

U don't know what's in-store for u, work hard, spend less, pray and who knows,u will be lifted up from poor. Nobody's status remains the same.

@kortyEdna825 2 месяца назад

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

@carssimplified2195 2 месяца назад

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

@Justinmeyer1000 2 месяца назад

45% of Americans 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… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

@Pamela.jess.245 2 месяца назад

Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

@Justinmeyer1000 2 месяца назад

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

@Pamela.jess.245 2 месяца назад

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@tiagodagostini6233 2 года назад

Of course you can retire. Your retirement plan just need to have enough bacon to reduce your life expectancy to under 55

@HowMoneyWorks 2 года назад

Lmfao this is it

@MmeHyraelle 2 года назад

And this excludes the fact that when we get old, there is more chances of crimes being done against us because we would have either ressources to take or no ressources to fight.

@Gengh13 2 года назад

I know it's a joke, but the sad thing is that people still believe that eating healthy fats clog your arteries.

@Gengh13 2 года назад

@@Baker.Matthew I can recommend a vegan diet chugging seed oils with sugar, that combination will certainly kill you pretty fast, and the best part is you won't even remember your last years because of the dementia.

@crieverytim 2 года назад

@@Gengh13 wait, why are seed oils bad? I know good fats are good and weight gain is all about calories and what time you eat.... but not about the dementia you mentioned

@user-el6in3ow9k 2 месяца назад

According to the New York Times, the average savings of a couple reaching retirement is $110k I’m closing in on my retirement and I’m under pressure to grow my reserve of $330k, despite the fact the capital gains you can make on growth stocks far outweigh dividend yields, and even in downtrends folks still pull off 6-7figures gains in months. surely the risk is much greater, but I’d love to know how.

@JamieAlberto-pu7si 2 месяца назад

I feel your pain, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 200k so far and pretty sure I'm ready for whatever comes.

@user-el6in3ow9k 2 месяца назад

I would not mind looking up the professional That helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@JamieAlberto-pu7si 2 месяца назад

Lisa Ann Moberly a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@user-el6in3ow9k 2 месяца 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.

@catdaddy6723 2 месяца назад

Scam

@billybrannon6394 Месяц назад

Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.

@carter3294 Месяц назад

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

@Emily-le2op Месяц назад

Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

@ConradGosling Месяц назад

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

@Emily-le2op Месяц назад

“Monica Shawn Marti’’ You can easily look her up, she has years of financiaI market experience.

@benjaminsmith3469 Месяц назад

I looked up her full name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

@Lew114 Год назад

I'm 55 and in the IT industry. One of my big fears is losing my job before I have enough to retire. IT employers discriminate against older workers. My biggest fear is for my children though. The future doesn't look good at all.

@itsbeyondme5560 Год назад

You just got the job?

@SeudXe Год назад

Thats why it’s important to make sure your job has union. Pretty much impossible to fire you for no good reason unless you really mess up.

@christins.1481 Год назад

My dad had a hard time finding work in electronics because of this. He has a masters in engineering and worked on boats as chief engineer on boats for years. He had to retire early due to boat work physically breaking him and while he had money he still wanted to work for extra income just in case. He chose a field in electronics because my dad is the 60-year-old man who can tear apart your iPhone, fix it, then give it back to you as you look up what's wrong with the engine in your vehicle while he turns around and fixes your engine. He's that good. So that's what he was applying for. The younger kids didn't like him being around because of how much he knew and even though he had a degree in his field, it was originally all self taught BEFORE he got the degree. He eventually had to work online fixing phones.

@wholeNwon Год назад

@@SeudXe My Father was a unionized worker. He never missed a day on the job...never. He was able to pay for my advanced education (though I started out in a very rural wooden schoolhouse with very devoted teachers). My parents handed me the possibility of a great future and I seized the opportunity. I'm a big fan of unions.

@Wong-Jack-Man Год назад

Big companies employ forced attrition tactics to shed off older employees and once you’re layed off older employees will have a very hard time getting employment; conscious and unconscious bias and discrimination exists.

@devilslayerthesaintofkille1317 2 года назад

Grandparent: when I was your age, I was working. Grandkids: when I am going to be your age, I will still be working.

@GoznerPeter 2 года назад

Oh my god. Oh my fucking god. This hit me so hard. Haha , thank you.

@dudedude365 2 года назад

😂👌👌👌

@hilman94 Год назад

the bitter truth is, we still be working to pay our debts... 😵‍💫

@jackheinemann1994 Год назад

Fact

@uneducatedchristain2963 Год назад

OOF That hurt Because it's so true.

@StellarStarryNight 2 года назад

The way things are going, once i get so old no one will hire me or I can no longer physically or mentally work, my retirement plan is a nice nap on some railroad tracks.

@myappleidacces5229 2 года назад

Pay mortgage 30 years,then when you old sell the house,move to cheap country and live like a king for the rest of your life

@khaliquefields4861 2 года назад

Yeah, give some poor train conductor life long trauma. Makes sense.

@CommeradeZhukov 2 года назад

@@khaliquefields4861 I don't think a dead man would care much about the world that just shafted him lol

@misao6397 2 года назад

Take yourself out in the woods Don't harm others when that day comes, its a dick move. OR be a chad and take out some glowies with you.

@Thepringler1 2 года назад

Wrap the room in plastic, notify the authorities of what to expect, ID easy to find. Simple note, finally make sure you don't screw it up.

@michaelsantangelo7997 Год назад

I'm 44. Last year, I saw a retirement advisor. He said I'm on pace to be $2,000 a month short of what I'll need to just barely survive. His advice: Just keep working.

@Nick84525 Год назад

Fuck keep on working workers need a living wage

@picadosinferno Год назад

Lol sound advice

@acs5928 Год назад

Seems a lot. Are you in the US? ....if so...how much did your last social security statement say you'll get?

@kirstypollock6811 Год назад

This is why I don't bother thinking about investing or pensions. The pensions I do have are losing money :-(

@leonhenry4861 Год назад

Fire him. 😂😂😂

@olindblo Год назад

I told my father, who worked as a lumberjack in bumfuck nowhere and wanted me to continue in his footsteps, that while I’d love to have a steady blue collar job, I know I won’t be enjoying a pension in my lifetime. Neither did he, who put in the extra hour and sweat to secure his retirement, only to keel over from a heart attack in his fifties. Now I got a job with a liveable (though not competitive) salary, but every day that I get to clock in is a joy and puts no demands on my health. I can see myself doing this until I’m 80 and feeling great about myself. Sometimes I get fomo from not being on the hustle and grind side of life, but I think life is too precious to intentionally do something that makes you want to die.

@jess8189 Год назад

I think that’s the key! Expectation management and finding a job you actually enjoy doing. Retirement it great, but most everyone I know who are retired still do some form of work out of pure boredom.

@JB-sg1vy Год назад

Same, that is why i became a hooker

@Hubcool367 Год назад

What kind of job do you do? It honestly sounds nice

@olindblo Год назад

@@Hubcool367 I teach (humanities, mostly). I can spend all day doing it and I feel lucky that I get paid for it, too.

@Hubcool367 Год назад

@@olindblo thanks, that sounds nice !

@SheilaYilmas 6 месяцев назад

Retirees facing difficulty in meeting their basic needs are often those who couldn't amass sufficient funds during their working years. Various factors contribute to the outcomes of retirement decisions. For instance, my wife and I both served the same number of years in government service, yet we took different investment paths-she opted for a wealth manager, while I chose a 401(k). Despite our retirement, both of us continue to engage in work.

@ScottRich9 6 месяцев назад

Stacey appears to be really knowledgeable. Her resume, educational history, and qualifications were all quite good when I found her internet page. She will act in my best interests because she is a fiduciary. I thus scheduled a session with her.

@rohi1255 3 месяца назад

Again one more paid promotion

@forman208 Месяц назад

You type like ChatGPT

@Indiscrimi 2 года назад

What I've learned is this guy doesn't know the difference between a lumberjack and a carpenter.

@WilliamWonka 2 года назад

This is also the same guy who said in the intro something to the effect of “people with diligent savings plans....” And then showed a news article in the next slide that said “I HAVE NO RETIREMENT SAVINGS”. Not sure attention to detail is this guys strong suit. Certainly won’t be entertaining his financial outlook with much more than feigned interest.

@dismayedtrinket2518 2 года назад

The person who is speaking is probably not the same person who is choosing the stock footage. Neither are likely to be the person who is actually writing the script. There are going to be discrepencies.

@cautarepvp2079 2 года назад

@@dismayedtrinket2518 yes but, he always dismisses super demanding jobs, like trades --> plumber, electrician, carpenter etc.. those jobs pay way more than any desk job. Because supply and demand.

@florianreinhardt4689 2 года назад

@@cautarepvp2079 He uses them as a metaphor, not literally. It's quite a bit easier to imagine the work of a plumber as a blue collar worker than to imagine what some sort IT consultant or whatever does.

@alienhawkq4690 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-FshU58nI0Ts.html

@seanhepner Месяц назад

As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.

@Peterl4290 Месяц назад

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

@larrypaul-cw9nk Месяц назад

@sabastinenoah Месяц назад

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

@larrypaul-cw9nk Месяц назад

Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@sabastinenoah Месяц назад

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!

@JackHudson. Месяц назад

Given the current uncertain circumstances, it's crucial to grasp effective financial management, prudent investing, and adeptly maneuvering through economic downturns. However, my main focus revolves around boosting my stagnant reserve of $240k, which has remained idle for far too long with minimal to no growth. While I'm committed to the long-term approach, the erosion of my savings due to inflation and the daily depreciation of my portfolio demand immediate attention and a solution.

@Angelinacortez495 Месяц назад

Should you seek guidance, consulting a financial advisor is advisable. While you're capable of managing on your own, financial advisors possess extensive knowledge and expertise in this domain.

@Jamesrogues60 Месяц назад

The role of advisors is frequently overlooked until individuals suffer the consequences of their emotional biases. Recalling a couple of summers ago, amid the turmoil of my lengthy divorce, I found myself in dire need of assistance to stabilize my struggling business. This led me to seek out licensed advisors, eventually connecting with an exceptionally qualified individual. Through her guidance, my savings not only weathered inflation but also surged from $275k to $850k.

@CarterHall-re5fu Месяц назад

Please who is this consultant ?

@Jamesrogues60 Месяц назад

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

@Emmahernandez. Месяц назад

I conducted an online search for her complete name and located her page. I sent an email and arranged a meeting with her; now, I wait in anticipation for her response.

@jimsalmon5158 2 года назад

I don’t agree with the quote, “All the easy innovations that drastically improve productivity have already been made.” That reminds me of the quote from the US Patent Office Commissioner in 1899: “Everything that can be invented has already been invented.” Look how long that lasted.

@datastorm75 2 года назад

It is a theory based on the assumptions of: 1)No more major developments, and 2)A fixed and unchanging environment to develop. Both assumptions, as you point out, tend to be VERY wrong.

@volcryndarkstar3283 2 года назад

Yeah but now to improve requires expensive research and development that only those who are already financially secure can afford to do. Joe Sixpack isn't going to improve the way electronics function in his garage.

@thisguy4505 2 года назад

Yeah, this video is like saying "We've already grown all of the tomatoes. There won't be any more." Small thinking.

@nocrtname 2 года назад

AI is going to stupidly increase productivity. Whole industries are going to be wiped out.

@thalesgprime 2 года назад

AI and blockchain will keep the pace going. Thing is they're gonna make job hunting way more difficult.

@LincolnOlson 2 года назад

Pretty bold statement to say that we're running out of possible technological advancements - there's a bet that has never paid off

@michielecker 2 года назад

I think the key point or difference is that the true and big innovations are happening at the already big companies and are actually concentrating wealth more and more. Developments that are about to be created like AI have a very high probability of being "winner takes most". Meaning very few people will be on the receiving end of the benefits this new technology will bring.

@JimmyA459 2 года назад

The point is that exponential growth is now coming up against hard physical limits. For example from walking to the development of modern day jets cargo moves 100x (6mph-600mph) faster which creates jobs as well as furthering the economy. There isn't a another 100x jump because a plane that does 60000mph is uselessly fast. Now while there are developments they are unlikely to create more jobs because similar limits are now reached in human brain capacity, so yeah there will be innovation in ai, robots etc that will be greater than the leap between speech and modern life however I think what hmw is saying is that those innovations don't drive the economy/ quality of life for regular people on the way that the invention of planes did.

@snakezula 2 года назад

@@JimmyA459 You are missing the mark, that is like someone in the 1700's saying the only way possible to reach maximum velocity is to breed a horse to go faster. Nobody knows what the tech of the future will be, there are even realms of physics that scientists don't even understand yet... Technological efficiency/progress continues to speed up as more things become automated and efficient, freeing up more minds to come up with even more solutions to problems. Humans *will* continue to improve efficiency in creative ways that no single person could possibly fathom.

@JimmyA459 2 года назад

@@snakezula yeah like I said in my comment the advent of agi will be greater than the leap between the first spoken word and modern day technology. Clearly extreme and widespread innovation is inevitable but they key difference is it won't drive the economy in the same way. Invention of the train needs more coal miners, more steel miners, engineers, ticket salesment etc etc Invention of agi needs a select group of programmers and a small number of support staff. Once you have that technology the number of jobs that a human mind can do is massively reduced.

@JimmyA459 2 года назад

@@snakezula To the part about thinking in velocity etc being wrong, this isn't the realm of inventions/ engineering we are coming up against the hard physical limits of our reality.

@ShoutOfCoffee Год назад

There is another scenario in US. You working... You saving money... You doing well...and then you getting sick and loosing everything on medical bills.

@email5023 10 месяцев назад

*losing

@zzzyyyxxx 8 месяцев назад

Nah most people have good enough insurance. Obama care is actually pretty good.

@joez.2794 7 месяцев назад

Tex-advantaged retirement funds are exempt from personal bankruptcy. The only way you're going to lose them to medical bills is if YOU decide to tap into them for experiment treatment.

@garythecyclingnerd6219 7 месяцев назад

@@zzzyyyxxxNo it’s not. I’m a contract engineer, but their insurance sucks. I’m at $104k and a single surgery could take everything

@jackieboy1593 4 месяца назад

Most people saying the insurance isn't enough have no idea how it works. Once you hit your deductible for the year, you no longer are paying out of pocket. If paying the deductible of $8000 is impossible, you need to save more money.

@erichkraetz2622 Год назад

My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money averaging about $2 million was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.

@alexyoung3126 Год назад

Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another.

@joesphcu8975 Год назад

@@alexyoung3126 I agree. Based on firsthand encounter with a fiduciary counselor *Ingrid Cecilia Raad* , i have $385k in a well diversified portfolio which has grown by 3x with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands

@lawerencemiller9720 Год назад

@@joesphcu8975 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.

@joesphcu8975 Год назад

@@lawerencemiller9720 You can easily look her up not he web, she has years of financial market experience.

@lawerencemiller9720 Год назад

@@joesphcu8975 Awesome! your potential seems limitless. I'm fascinated with investing, I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her

@f1y7rap 2 года назад

People forget that retirement used to never be a thing and multi-generational homes were the norm. What actually changed that? 2 world wars in a 20 yr span.

@ethanbush4633 2 года назад

Ah yes... Wealth extraction of foreign lands under 'Dollar Imperialism' of the 20th century giving rise to a cushy 'middle' class sitting on unprecedented piles of wealth. Sponsored by the company that oversees/manages all Western-allied banking systems, The Fed™

@tdr.220 2 года назад

The real issue is that so many people are living above their means, or what they can afford. If you don't have good credit, no savings, no investments, and are still paying off college loans, then you should not be paying rent or a mortgage. You can't afford either yet until you improve your personal financial situation. Also, your day job should not be your only source of income. You should consider having/finding/creating multiple streams of income. What skills do you have? What are you naturally good at that can earn you more money? Rent is also a waste of money because you are only paying someone else's mortgage instead. If you lived at home with family for a couple of years, you could use the money you saved to invest in yourself and your future. Ideally, you should live at home until you either reach a certain level in your career or finances, where you can easily afford the lifestyle/future you want, or until you marry; but I don't suggest marrying too early, but later in life so that you will be mature enough to marry well.

@LordofTheFallen 2 года назад

@@tdr.220 This reads like one of those get rich quick RU-vid ads. "Invest in yourself." "Have multiple streams of income." "Find something that you're good at and inves in that." "Don't ever rent." These are all catchphrases and generally useless advice. Investing in yourself means nothing. The thing that you're good at may not make any money. If having multiple streams of income was easy, everyone would do it. Same for owning a house.

@msiankid 2 года назад

@@LordofTheFallen Maybe thats why he said "What are you naturally good at that can earn you more money?" not "What are you naturally good at? Use that to make you more money". But facts though, just because these advice were given by get rich quick RU-vid ads, doesn't mean they aren't true. I've been saving and living WELL under my means, and I now able to own a 900k family home, with savings to spare, while I drive a beater. The home is my first step into property investing as well, I plan to rent it out to generate income because I'm not married yet and have no problems living with my parents. I'm 29.

@LordofTheFallen 2 года назад

@@msiankid So you just started getting into real estate, and you already fully own a $900k home, plus savings to spare, and you're sitting on this house without actually having done anything with it? At 29? You'd need to save, not make, *save* over $100k a year to pull this off at your age. Somehow I doubt that your success was due to you driving a beater. If this is even true, you're so far above the average person financially that no one is going to be able to follow in your footsteps. If I was making over $100k a year in my twenties I also wouldn't have any issues with money.

@CygnusRising 2 года назад

I cringed every time one of those woodworking stock clips came up; every single one had some degree of unsafe behavior. - Blade depth maxed out -- you should only have blade depth set to clear your cut. - Missing guards -- What idiot would run their jointer without the guard, or their tablesaw without at least the riving knife -- maybe that's a zero-clearance insert I see, but why would you be ripping down lumber with a ZC insert? The miter saw literally has the guard disabled... - Total lack of push sticks/blocks -- Again, jointer without push blocks? Tablesaw without a push stick in sight?

@user-gz4ve8mw9l 2 года назад

Perhaps they are novices learning without assistance...

@JavierChiappa 2 года назад

This is like those stock photos of people holding the soldering iron on the hot part.

@davidebic 2 года назад

These clips are stock footage he gets somewhere. Their purpose is not to represent perfectly what they are showing, but rather convey the idea. Seeing the sawmill spin while cutting the wood conveys the idea better than a perfect length blade that doesn't show on the surface.

@Coolsomeone234 2 года назад

Stock footage of what NOT to do

@Somajsibere 2 года назад

Damn, this guy knows what he is talking about.

@colleen.odegaard 6 месяцев назад

The average retiree, I believe, should have been able to have enough to last the rest of his days. I t just depends on choices during your working days, just as I came to realize later. Surprising how I still netted more $2m. by retirement. And this is while living in New York!

@Curbalnk 6 месяцев назад

New York is sure as hell an expensive place to live in. Were you affiliated to Wall Street? Because how could you net such a huge amount?

@blaquopaque 6 месяцев назад

I don't think he was. I think he had good savings habit from early in life. Which is a habit i shared until a friend introduced me to the stock market, I was intrigued. This was just about 15 years before retirement, and I had only $280k to my name and no idea on what equities to acquire until i got referred to a Smart- Advisor recommended Advisor who helped me allocate to the right positions and i'm just 15% short my $1m retirement goal

@Shultz4334 6 месяцев назад

That's incredible. What did you invest in ? I'm really interested in this, because I'm in a similar position at the moment.

@blaquopaque 6 месяцев назад

I personally have my portfolio overseen by California-based wealth advisor and fixed income strategist at that 'Monica Selena Park' well established and you'd find her professional bio on the net If you look her up, i'd suggest you do this and let me know what you think

@Shultz4334 6 месяцев назад

Thanks for this tip, found her just after inputting her full name on my browser, no-sweat.. she seems impeccable!

@landongendur 2 года назад

The depressing part is by the time you're "retirement" age you really can't enjoy yourself. I don't see many 70 year olds playing hockey, water skiing, etc. That's why I think it's important to rub elbows with people that are financially comfortable & enjoy the luxuries as early as you can.

@CompetitionSportsNetwork 2 года назад

Umm, No! You build income streams outside of your job so you can have additional income to invest and live on. Too bad no one believes in themselves enough to do this because it works. You can retire early if you have enough cashflow monthly coming in.....work on that vs thinking you have to buy stupid shit early on in life to enjoy it.

@GO-cz7cl 2 года назад

Then if you don't have kids for them to inherit the money, then most of it goes to your grave or back to the government.

@gregstephens361 Год назад

If you have to wait till your 70 to retire that’s your call ,the decisions you make will determine what day it is .

@chicnoir29 Год назад

Best to retire at fifty.

@MiniKodjo Год назад

It's called being old. You don't have the same desires anymore. My parents are wealthy. Healthy and energetic. Yet they prefer staying home in there routine...

@HowMoneyWorks 2 года назад

an added benefit of people needing to work into old age is that they take up room on the corporate ladder further holding back younger generations from retirement. ♫♫ IT'S THE CIRCLE OF LLIIIFFEEE♫♫

@vankram1552 2 года назад

This is why agism is based

@bigblockman11 2 года назад

so what you're saying is we're screwed? and will be forced to live in a dystopia just like the book Orwell made?

@Gee0F 2 года назад

Thanks, I hate it

@acidetriflique5626 2 года назад

@@young98-cc5ls Or buying some plot of land and wait for your beans to ripen while reading « _The limits of Growth_ » by Donella Meadows / Randers / Dennis Meadows

@megaponful 2 года назад

@@vankram1552 No.

@biankabrodeur01 9 месяцев назад

what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.

@JennJennJenn-zf4nh 9 месяцев назад

@@geraldantonio3160 Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

@JennJennJenn-zf4nh 9 месяцев назад

@@patriciamartin10 My advisor is STACIE KRISTALWEBER , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

@danko5866 4 месяца назад

Be gone bot

@June_Yue 2 месяца назад

Scam people out of their lives, that's how

@KennTollens Год назад

Giving up your whole life to focus on retirement is depressing. Society makes it sound like you will be free on fun vacations, but reality is medical community is there like vultures to take everything you earned in life, and then some. Live now, because when you are old, you might be better off dead.

@suicune2001 Год назад

If you even make it to retire. Lots of people die before that.

@teun7923 2 года назад

Step 1: Buy a piece of land, build a tiny house. Step 2: Stonks.

@FFAs 2 года назад

In several cases it may be better to rent actually

@matthew8153 2 года назад

@@FFAs Depends on how long you want to stay in the place.

@FFAs 2 года назад

@@matthew8153 it is more than that if you rent and skip to step 2. Owner has more costs of maintenance than calculators take into account, renters can invest the saved money... ...and the second that a mortgage is paid off, the owner loses the advantages of that debt over the renter that already accumulated capital that is likely set to grow faster than the owner can invest.

@matthew8153 2 года назад

@@FFAs You say that but all the people I know renting had their rents go up 30% this year while I refinanced my house and will have the mortgage paid off faster.

@orionthehunter217 2 года назад

For me it's Step 1: Crypto. Step 2: More crypto. Step 3: Tiny house. Step 4: Yet more crypto. Step 5: Crypto still. Step 6: Mega compound with underground bunkers, greenhouses, and workshops. Step 7: Retire.

@gaoth88 2 года назад

I am 100% sure I will become a milionaire...I just need to wait a few years till inflation hits big time and bread costs a million dollars :P

@skyranger1366 2 года назад

Aw you speak of the Zimbabwe way.

@matthew8153 2 года назад

@@skyranger1366 And the American way if we let Biden stay in office.

@skyranger1366 2 года назад

@@matthew8153 Well considering the guy is willing to rig elections it would be impossible to remove him short of a coup

@dadbodenvy4247 2 года назад

@@skyranger1366 Trump wasn't doing much differently despite what his media is going to keep saying. The two party split is a lie, they're all on the same team.

@skyranger1366 2 года назад

@@dadbodenvy4247 Unfortunately you are mostly correct. Trump slowed down the corruption but slowing down isn't the same as stopping.

@CharlieRogers50 Год назад

Retirement is a fairly recent phenomenon (within the last hundred years) and is a function of significant wealth and prosperity. Multi-generational households are incredibly common historically. I agree our expectations need to change. Our generation is not our fathers, and our struggles will be new and unique.

@matthewheath7839 Год назад

That's a very good point

@dianaverano7878 Год назад

You are correct. Our generation have different timeline to deal with. If our generation will have more people reaching 90, then these seniors have a different situation compared to our grandparents. If I will be forced to retire by age of 65 and live until 90, what will I do for the 35 yrs, if I am not allowed to work anymore? Scary thought if you ask me.

@lukasprazak7362 Год назад

@@dianaverano7878 You could for example learn basic arithmetic (sorry, I couldn't resist).

@dianaverano7878 Год назад

@@lukasprazak7362 whatever

@alejandrop.s.3942 Год назад

Yes, but we are paying abusive taxes for services, retirement of the baby boomers that we are not going to enjoy. That's totally unfair. This is not about rich vs poor, but an abusive older generation vs younger people.

@Soldano999 Год назад

At my first job there was a guy named greg. One day my commercial manager told me: look at greg. He has everything figured out. No responsibilities. An easy 9 to 5 job. Car, wife house. He has it all figured out. After 10 years in the big city losing sleep over trying hard to figure out how to fight my way upwards to "have a career" i finally decided to become greg. Abandoned management and 60 hours weeks and i sell sofas to grannys 35hrs a week in a small town. One year later i have everything i ever wanted. Car, stability, private school poney lessons for my daughter successful marriage and i' buying a house in september. Do i have enough money for my retirement ? No but i do have ressources...

@brendinium Год назад

Greg sounds like a threat.... we must plot against him before he becomes too powerful

@vergilmontiero2558 Год назад

It's a nice start at least, that's what's important

@sterix_gg Год назад

I mean we gotta ask ourselves... what's the point exactly in spending our whole life trying more than hard to secure a retirement? That literally implies our lives don't begin until we retire... I'd live ok now and if I find myself on the ground at 60, then at least I had a life that wasn't entirely filled with anxiety, depression and living in the future that were even scaring me the whole time on top.

@sterlingforbes3872 Год назад

I'm 40, and definitely learning this.... thanks for your comment. To learn how to be content with not being mr upwardly mobile all the time.

@punchtalestudio Год назад

Selling sofas to grannies is my goal 🥸

@MrFrogsie 2 года назад

So what you're telling me is I need to stop eating avocados on toast and buy a house instead?

@jedimastersterling1 2 года назад

No what we're saying is you could put 100% of your income aside to save for a home and still never buy one. Enjoy your avocado while you still can, and retire with a 12 gauge.

@nominatorchris5591 2 года назад

yes after 2-5 years of no avocado you can get house and reproduce more humans with the saved up money

@gloriouspopemantom373 2 года назад

@@young98-cc5ls Faced with an unattainable goal makes a few hundreds or thousand dollars meaningless, might as well risk it. Not like you'll get a house or land with your current income.

@erich6860 2 года назад

Enjoy your toast, because when your 60 plus, and cannot afford to retire, but your health is crap, and facing eviction and living in the street. The only retirement plan in America will be to rob a bank, go to jail, where you will receive food, healthcare, and shelter. Prison will be the future retirement home of elderly Americans.

@theostragonidis7548 2 года назад

@@erich6860 You have a wild imagination, friend.

@jasonmiddleweek1509 2 года назад

I think one thing not mentioned in this video is that for every year above 60 there is an rapidly increasing chance that you may either not be able to work in a job that pays anything like as much as when they were younger, or you may not be able to work at all. This is compounded by the fact that forms of worker insurance (tpd income protection) get extremely expensive in those years too. Although medical care has improved, it has become expensive and there are no cures for many of the ageing diseases or conditions such as dementia, skeletal damage and cognitive decline.

@wholeNwon Год назад

Yup.

@ZacksRockingLifestyle Год назад

I liked your comment, but you could clearly stand to learn about nutrition. Dementia/Alzheimers/cognitive decline is being shown rather consistently in current research to be Type III diabetes, and if you ignore the propaganda put out by the pharmaceutical companies and those in bed with them, you’d know that diabetes can, in most people, be completely reversed by cessation of the consumption of carbohydrates and plant oils. You don’t have to believe me, but keep an eye on the people in your life that eat the most plants and plant oils. Rail thin or marshmallow man fat, weak, and cognitively impaired. Maybe look into the concept of “The Randle Cycle” (aka the Glucose-Fatty Acid Cycle). Maybe look into consumption of plants and bone density (more plants, weaker bones). And then there’s the linkage between gluten consumption and mental instability. Pizza party anyone??!!

@Lovescomedy87 Год назад

Fasting is the best thing for dementia and cognitive decline. This will be more widely known in the next 20 years or so as they do more and more studies on fasting.

@shirleya.osgood Год назад

I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts Stay Motivated!!

@kemberlyw.patterson Год назад

I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

@robertl.anderson Год назад

That's true, Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on RU-vid

@PeterLDemby Год назад

Most coins are going to10x this Year. The recent bitcoin correction down from its all time high has had the market and everyone is panicked in the past week , how ever not everyone has seen it as a bad Omen, the digital assets price has gone down below $25,000 causing investors to believe the bear market

@antoniete387- Год назад

@Betty T. Gonzales Of course. I was recommended to her by people's testimonies. Writing her has been the best decision I have made

@RosellaLCraig Год назад

My first investment with Mrs Ava Kimberly gave me a return of $20,000 after 15 days and am very happy. I feel like am the only one enjoying this profit from her lucrative trading strategies

@kylespencer6461 7 месяцев назад

As a person in my early 20s, the lack of indefinite growth has always worried me. It's not guaranteed that my retirement account will grow steadily at 6-10% over the next few decades. That's why I'm conflicted about putting money in my 401K at all. I'll have to do some calculations, but I think I might be better off investing in real estate in a cheaper country and moving out of the US when I retire.

@chadyo99 7 месяцев назад

Diversify. Do 401k, gain equity through real estate with the ultimate goal of being mortgage free and have at least 6 months of expenses in a high yield savings acct. Depending on your income it may take a while but you gotta spread things out. No one knows the future.

@lepetitchat123 6 месяцев назад

" real estate in a cheaper country " sounds like a minefield

@bipl8989 6 месяцев назад

Gotta pick the right country AND the right real estate. And just because a property might cost less, you are probably NOT going to get a Picasso doug out of its walls. The same market forces apply. #3 should be #1. GenZ has got to solve the wealth division problem or they're toast.

@lepetitchat123 6 месяцев назад

@@bipl8989 "Gotta pick the right country AND the right real estate." Any examples? I know I'd be toasted if I buy a property in places in Bangkok

@bipl8989 6 месяцев назад

@@lepetitchat123 it is a very personal decision as to where to buy. Many variables to consider. Many details to think about. You must think about all the things that you think are important. I can only answer for myself. I have lived more than 2 years in each of 9 countries some much longer. One piece of advice that is valid anywhere is ... get a local lawyer to review any transaction BEFORE you sign, or write a cheque.

@theannareich 2 года назад

“All the easy innovations that drastically improve productivity have already been made.” as an engineer I can assure you there is WAY MORE left to be invented than what we already have - especially if you leave out the “easy”

@hikashia.halfiah3582 2 года назад

What are those?

@IronWilliam 2 года назад

The easy part is key I think. There's a lot more to discover, but it gets harder and harder, building on top of what came before. Which means it's more likely to be created by a large, already well-funded group, which means the benefits disproportionately accrue to those who were already well invested, not people trying to get their foot in the door.

@TheCatslock 2 года назад

I agree we still have plenty we can create. The issue is that people who can make these things aren't getting the funding that they need and the people who have the funding from their own inventions/creations/investments are so set for life they no longer really try to innovate. The issue is stifled innovation from growing inequality issues.

@JustinHall1468 2 года назад

That's his entire point. Easy innovations are cost-effective innovations. Much of the innovation going forward is REALLY expensive. We've completed the low-hanging fruit, especially when it comes to automation. Those are the innovations that saw 100%-500% increases in productivity for a relatively low cost. Now we have this 10% remaining where you might get a 10% increase in productivity, but it's going to cost you 10x more than the first 100%. It's not an issue of funding, it's an issue of value-proposition. It's only going to get LOWER over time, since automation is the end game.

@jamesrobert3199 2 года назад

Hello Anna, how are you doing?

@jonathonspears7736 2 года назад

27 years old and struggling to pay rent on $28k a year. Cost of living is getting crazy.

@matthew8153 2 года назад

I bought a house with that income. You’re living in the wrong place.

@bobcook2366 2 года назад

@@matthew8153 agreed

@mathewng1988 2 года назад

@@matthew8153 More like the wrong time.

@ballista7367 2 года назад

Your are 27 years old only making 28k a year, you are clearly doing something wrong. I'm 21 making way more than that

@lateblossom 2 года назад

So crazy. If it wasn't for the Lord, I would be homeless.

@smithlenn 8 месяцев назад

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

@Robertgriffinne 8 месяцев назад

I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.

@rannyorton 8 месяцев назад

For a successful long-term strategy you have to seek guidance from a broker or financial advisor.

@dawsondanny990 8 месяцев назад

Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

@smithlenn 8 месяцев назад

Fantastic! can u share more details?

@dawsondanny990 8 месяцев назад

Cant reveal much info, She is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.

@user-ny5xe2hx7t 5 месяцев назад

Watching how the real estate market is being manipulated in favor of some persons, I’ll advise we venture into other marketing options and look for other ways to invest that will be favorable to us.

@RudolfKowalczyk 5 месяцев назад

You are right.!

@RudolfKowalczyk 5 месяцев назад

That is why I had to start forex trading 2months ago and I now am making benefits from it..

@AnaOliveira-io1hx 5 месяцев назад

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻

@JewellOguin 5 месяцев назад

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

@GeraldBarnett-su8vo 5 месяцев назад

I'm New to Bitcoin and forex trading. Can someone guide me on a good way of trading

@erich6860 2 года назад

People do not realize that working past 60 is extremely difficult for any physical type work. Mental work,, not as bad, but still a problem. Another thing people do not consider is that the current births per woman is now at around 1.7 per. Meaning we are now at a negative population growth. All of the so called "economic theories" taught for the last 100 years is quickly out dated.

@vylbird8014 2 года назад

Global population is still rising, for now. Fertility rate around 2.4. It varies greatly though, and many countries are well in to the negative now and depend largely on immigration to continue the all-important growth. US, for example, 1.6 - but still has an annual 0.5% population growth. Immigration has down sides though. Not least of which is that the existing population is often intensely hostile to the idea, distrustful of outsiders and disliking the cultural changes that come with mass immigration. You can see that in the way many politicians have succeeded by appealing to anti-immigration sentiment.

@spartang.1388 2 года назад

Very true!

@Ziegfried82 2 года назад

Population reduction is not a bad thing in some parts of the world, but from what I am seeing the entire western "1st world" is about to hit steep population decline. I won't bother going into why since entire books have been written on the subject and few seem to agree on the main cause. A gradual decline would be manageable but the numbers in some nations are below 1 child per. The disruptions caused by this are difficult to predict, but there certainly won't be enough caretakers for the elderly for one and if automation hasn't caught up enough there won't be enough workers in general to maintain those civilizations. Immigration is not a solution either, since most immigrants lack the wealth, education, skills, or motivation to maintain the civilization. Perhaps immigration is the only stopgap measure before full automation though?

@MoDlegion 2 года назад

@@Ziegfried82 Immigration is only going to push back the issue in time, as they will import their entire family, which will need even more immigration to take care of when they are old. That is assuming the immigrants actually pull their weight, which in the vast majority of the cases they are not (due to various reasons like not mastering the language, lack of education, etc).

@thekrampuselbananoquevivee9947 2 года назад

@Danny DNA poor farmers that grow your food are slow?

@Doors067 2 года назад

everyone else: 401 ks Me and other millenials: Charizards

@user-gz4ve8mw9l 2 года назад

I prefer cryptocurrency. I have a Charizard card, and some others buried in storage somewhere from the 1990s. The fact people pay anything for these is sheer lunacy.

@Doors067 2 года назад

Not really its like baseball cardsand boomers, moms threw them out so they are now valuable. Its this same principle really history repeating itself with acceptance of nerd culture ala big bang theory

@ijsbert6174 Год назад

“The Dalai Lama, when asked what surprised him most about humanity, answered "Man! Because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived.”

@dh8148 Год назад

This makes me wonder if it's better to just save up a few years of expenses and quit and enjoy. Nothing is really guaranteed in the future.

@chrism5792 Год назад

This is so true. I don't think I'll ever have enough to fully retire. My retirement age has been moved to 70, not 65. I strongly doubt social security will be there so I'll need to be saving more and more to simply make ends meet. The future is bleak. For millennials and gen Z things will be even worse.

@nn-jv4kv Год назад

@Anthony Mercado I got 2k in my bank and 3k in 401k and im 30 lol

@gaijinfishing Год назад

@@jasongodek9828 You sound like a younger version of me. Keep it up. You've got the right mindset.

@hamsterama Год назад

@@jasongodek9828 By the way, don't feel bad that you bought a new car. If you intend to keep the car till the wheels fall off, it was a good "investment" to buy new. You have total control over maintenance from the beginning. Yes, buying used would have a smaller upfront cost, but it would push forward the timeline for expensive repairs. I got a new car when I got my job after graduating from college, and I'm still driving it. I'm 37 years old by the way, and yes, I still own my first ever car. Over the long term, the cost difference between new and used would have made no difference.

@gracemendoza4459 Год назад

Retire in a country with a low standard of living 👍

@Imhere12345 Год назад

@Anthony Mercado buy real estate

@aaronfreund2209 2 года назад

I think my only option is to move to Portland and live in a tent. Freedom's just another word for nothing left to lose.

@adamtedder1012 2 года назад

Get an RV.

@kanseidorifto2430 2 года назад

@@adamtedder1012 Good choice. Mobile hub center, potential wifi zone, cooking and proper toiletries, modifiable overall.

@quademasters249 2 года назад

@@adamtedder1012 With what money? If he had money he wouldn't be thinking about living in a tent.

@naikjoyx4291 2 года назад

bicycle camper rv with solar panel and wood stove cooker... lots of hunter gathering knowledge.. or knowledge in general. That's how we will live.

@garythornbury9793 2 года назад

@@naikjoyx4291 if it gets that bad- most of the game will be killed off fast pigeon and squirrels will go first, then the duck ponds will be wiped out streams over fished, ect

@bryan.conrad 2 года назад

You know, suddenly I feel much less enthusiastic about going to work today. Edit: Shout out to all the boomers in these replies. Enjoy the fruits of my social security payments, because I sure won't be able to 🙃

@HowMoneyWorks 2 года назад

Sorry about that :(

@cosmicllama6910 2 года назад

Workers Strike October 15th. Spread the word. The only way things will change is if we all stand together and fight for it.

@fakespecialist4038 2 года назад

@@cosmicllama6910 nothing will change, we are stuck here till the end of our live, i suspect even after death we will somehow get used by the elites either by being an organ transplant or something

@MrYFM2 2 года назад

@@valyrianeagle7001 They'll play victim and the media will paint you as a terrorist.

@valyrianeagle7001 2 года назад

@@MrYFM2 write a manifesto and kidnap a government official, only releasing him if your manifesto is published and circulated among mainstream media.

@sebastianspiegler5801 Год назад

I plan to retire at the end of 2022 at 57 after 36 years in Telecom as a sales engineer. My wife will retire in October 2022 and she' s loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition, scary to stop saving and start spending.

@taylorcoggan2054 Год назад

God places great things on the other side of fear. My advice, don't wait till the end the year. I just attended a funeral of a guy that retired in December 2020 at the age of 62 -- Life is short. Live it on your terms. Take the time to learn about passive income via dividends & real estate, index funds, automating investments, budgeting, etc. you'll be very happy you did

@richardsoncuthel810 Год назад

@@taylorcoggan2054 I’m thinking of investing into stocks esp index funds .When you invest into index funds you're essentially investing into the economy as a whole. Because you're choosing to own a little piece of all the most successful companies in the country/world but how are we going to achieve all that given that the market has being a mess most of the year?

@willlategan7558 Год назад

@@richardsoncuthel810 There are lot of ways to make a killing right now, but such high-volume near impeccable trådes can only be carried out by real-time experts with ISDA Agreement . I began with " Katherine Duffy Burke ," and my gains were guaranteed. In such instances, I would always advice you get an expert to guide you through unpredictable markets and simply provide you with indicators and tactics for determining when to join and exit the market

@colbyryann2665 Год назад

@@willlategan7558 sure fnancial-advisors are outperforming the market and raising good returns but some are charging much, seeing that their services are currently in high demand more than ever....seems more like taxing to me

@willlategan7558 Год назад

@@colbyryann2665 Yes they can be positively impactful to an individual's portfolio. Katherine strategy is transparent allowing total ownership of my tråding account and fees are very reasonable in comparison with my ROI

@Yan-su1bg Год назад

Last time, my father and uncle gets a simple job that can raise the entire family and most if families lived around us had at least 2 children and fully paid off our home. Now even both me and my partner worked very hard almost half of our life with now with 1 child. We still worry about our financial status such as health insurance, child’s post-secondary education and our housing loan.

@joej2353 2 года назад

“Owning a house means you don’t have rental expenses…” That might have been true for our grandparents, but at $10K/yr for taxes and insurance, you never own your home and those costs will go up every year.

@captainyoby9128 2 года назад

Not everywhere in the US has outrageous house prices, taxes and insurance. Problem is not everybody is willing to move to where it is still affordable.

@lpeabody 2 года назад

@@captainyoby9128 hopefully more and more jobs will start going remote and help ease economic burden by allowing the population to more evenly disperse.

@Alehzinhah 2 года назад

See the rental costs in comparison, then rethink your statement

@MasterGhostf 2 года назад

10k a year is a godsend my man. Thats less then 1k a month. Easily affordable.

@ChineduOpara 2 года назад

Yep. And don't forget taxes

@BusterDarcy 2 года назад

There’s always someone claiming innovation is coming to an end, and we always innovate right past them. Living in fear and staying out of the market certainly isn’t going to get you anywhere.

@aaminsaan4978 2 года назад

If you have read the book rich dad poor dad...the person who made this video is a fucking chicken 😂

@alecoloxa 2 года назад

@@aaminsaan4978 that book is like junk food for the mind. I'm not saying first comment isn't true still. But you can find better mentors with more realistic approaches to money and finances

@remusionutotelita1559 2 года назад

You poor souls. Do you know the single statement that describes reality ? " This to shall pass" Our finite resources are our doom. We should reach for the stars . But we might be to late .

@nonamed56 2 года назад

@@alecoloxa like who?

@le-hu1638 2 года назад

@@remusionutotelita1559 Well, we could make a whole new business out of recycling. How much money would we make of recycling every recource we have on this planet? - A lot.

@NewOrderOfAlexandria Год назад

"the truth is... It was all rigged from the start" *BANG!*

@bracero7628 Год назад

I think the odd truth is in many ways we’re being forced to return to a way of life that’s pre-industrial in the sense that a way of life predicated on infinite growth is increasingly less feasible for the majority. Retirement is mostly a fantasy, multi-generational households are becoming the norm again, most people are returning to living on the property of wealthy landowners with no real pretense of escaping that. It’s more like feudalism than what previously characterized postindustrial capitalism, with the strange difference that everyone’s living in the one system while still having the expectations set by the other.

@johnhorn8353 2 года назад

The major fortunes in World have been made in Real estate, crypto, NFTs and stock.

@thomasnorris7285 2 года назад

The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against

@adrianamartim9978 2 года назад

You are right! Investing in this assets can make you rich Bitcoin Stocks Real estate NFTs.

@matteoliam9744 2 года назад

I have investment in crypto and NFTs, I have already worked on my early retirement.

@kimberlycobbs9303 2 года назад

@@adrianamartim9978 I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.”

@williamleonard2242 2 года назад

@@adrianamartim9978 Investing in crypto market isn't a bad idea. A few years back I felt it was impossible but here I am today all I had was God and a dedicated broker.

@Holphana 2 года назад

Even if you have enough to retire it will all go to medical bills.

@MrDementao 2 года назад

Bills for treatments of problems caused mainly by the work that you do in order to retire...

@euneadventure3112 2 года назад

@@MrDementao So all that money that you earn until retirement you give back for health care :D Amazing system they made hmm

@abelsoo5465 2 года назад

Damnnnnn

@gold9ja 2 года назад

You have a point which is sad

@JoJoboiWav 2 года назад

fuck that shit. at this point dying before reaching its 60s is preferable

@Aziz__0 Год назад

The pandemic has shown us just how quickly decades of planning, investing and saving can be completely upended. This could mean your current financial plan might leave you without enough money to last your retirement. A recent Vanguard study found that, on average, a hypothetical $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less.

@Harperrr.99 Год назад

In other words, an advisor-managed portfolio would average 8% annualised growth over a 25-year period, compared to 5% from a self-managed portfolio

@McElvinn Год назад

@@corrySledd I'm happy to have stumbled upon this discussion. If you don't mind, could you tell me the name of the financial adviser who helps you with your investments and how I might contact them? It Intrigues me to keep learning.

@McElvinn Год назад

@@corrySledd Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@AbiyyuAH 10 месяцев назад

@@McElvinnmy friend it worry me that Orion has deleted their messages... Be weary of scams brother.

@zzzyyyxxx 8 месяцев назад

@@AbiyyuAH This is a bot conversation

@LoyceLeeber 7 месяцев назад

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

@TomD226 7 месяцев назад

Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.

@lowcostfresh2266 7 месяцев назад

@@TomD226 Your experience sounds fascinating. Would you be able to recommend a reliable advisor whom you have consulted with?

@TomD226 7 месяцев назад

I personally work with Camille Alicia Garcia she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

@leojack9090 7 месяцев назад

@@TomD226 This information is valuable. I quickly searched her full name and her website appeared instantly, showcasing her impressive qualifications. Thank you for sharing.

@roarbahamut9866 2 года назад

Inflation is higher than any saving account will gain. You are essentially losing money by saving. It’s insane.

@Boomin4u 2 года назад

@whiteboardfinance always says “savers are losers”

@jonathantan2469 2 года назад

That was what I was told by a lot of people in 2007, as I usually put a large portion into FDs/CDs than stocks. Then 2008 happened, and those 'investment gurus' were burned. Income slowed to a trickle/got laid off, credit maxed, and they had to sell off their now-below-purchase-value stocks for liquid cash. Same thing in 2020 for those who bought into investment-property condos in my city. Rents have dropped, vacancies are up, and folks are trying to offload their investment properties because there's no more rental money to repay the mortgages they took up.

@mrbookends 2 года назад

Correct Zedarina - you have to be an active participant in your wealth generation. Savings accounts are not the answer, you can either trust a money manager in a medium-risk fund, or be diligent in learning about the stock market and market fluctuations and do the work yourself. Perhaps this is a poor analogy: you wouldn't let your child figure out "growing up" on their own. You would guide them, offer suggestions, tutor, and learn the skills required to get them a good start into adulthood. It's the same with your money.

@johnd4348 2 года назад

It use to not be that way. When I was a kid(40 years ago) banks paid 5 to 6 percent on savings accounts. I even say an old photo of a bank advertising 4 percent interest on savings accounts in 1929. Banks borrow money from the FED at 05 percent, loan it to consumers at 3 percent and pay savers o percent.

@abelsoo5465 2 года назад

And yet if one doesn't save to build up an emergency stash of cash , how does one weather a period of no income as a result of job loss or stock/ assets depreciation? The Covid pandemic lays bare the precarity of not having any savings.

@zeus907 2 года назад

Whelp, guess it's time to return to monke.

@MrKillswitch88 2 года назад

Time for isekai ;)

@Stszelec01 2 года назад

Anprim ogaaa bogaa

@KA-vs7nl 2 года назад

Nah, it's grind time and I'm not stopping until I have a fat bank.

@dacat8171 Год назад

Saving money instead of investing it, has been the key to success during 2022. All assets lost value. Saving money is never a bad thing. ☝🏿🧐

@ryanshuell Год назад

I don't feel like my goal is to be rich or to retire, ever. I'm happy now and my days are mostly filled with joy. This is critical in our finite lives. I retired twice, and each time I was almost instantly bored, so I went back to work both times. These days, I do consulting work, and I pick the clients that I offer advisory services to. You have to find some activity that you love, and pursue this with full passion. You will help someone who needs your knowledge/skills, you do something that you enjoy doing, and you get paid to do it. Win, win, win.

@no_more_spamplease5121 11 месяцев назад

You're privileged. Most of the population will never have this opportunity, especially in underdeveloped countries.

@debbiealcimasrules9418 8 месяцев назад

@@no_more_spamplease5121exactly this guy Ryan is stupid. Nobody who is middle class should listen to him because we are working to make money and barely get to retire. We all wish not work again and retire because working all our lives is not worth it, cause there's no time for family and friends or hobbies and travels.

@michaelrowe8115 2 года назад

The saddest part about this mess is we're not accomplishing anything and dumbing people down in the process.

@shuki1 Год назад

Actually, we are supposed to be watching more and more RU-vid videos so that the content creators can keep increasing views and retire while telling us we cannot.

@np5246 4 месяца назад

And useless videos like this aren't helping. It's like telling an obese person there's no point in losing weight because diets are just short term fads, many people had issues with surgeries, going to the gym costs too much money, blah blah blah. What's so helpful about a video filled with criticism instead of any solutions?

@czuw2967 2 года назад

Already knew this. If you’re paying attention at all to events, both locally and geopolitically, you know, without understanding all of the elements, that we will retire when we are dead. Good to see someone being honest about it.

@cosmicllama6910 2 года назад

There was even an Ad not too long ago for boots that said "You'll never retire, your boots shouldn't either." They treat us like dirt and condescend to us about it in advertising.

@jimmybon9314 2 года назад

Already knew it before while I was in HIGH SCHOOL and that was in the late 90s/early 2000s...

@nothankyou3195 2 года назад

Unless you buy assets.

@jacobthompson9499 2 года назад

yeah well said. these facts are pounded into my subconscious already, but its good to understand them consciously and try to find an in i suppose

@cosmicllama6910 2 года назад

@Danny DNA HOW TF am I being prejudiced? I saw that AD YEARS ago, and very briefly as I was walking thru a store. The sentiment of the ad was bad enough it stayed with me forever. Forgive me for not having perfect photographic memory. I will remember to start a filing cabinet for my fight against Tyranny.

@neomorphosallomorphis7395 Год назад

meanwhile in France we have a public retirement system where everybody contributes and everybody gets a decent retirement (once the required quota of worked years has been reached)

@54tisfaction 2 года назад

There is always the Lottery. That is what keeps the Dream alive! Actually, I think that is why there is a State lottery, to keep the poor masses hoping...

@popperpoppler4569 2 года назад

My plan is to find a suitcase of cash under a bench...

@gomez9949 2 года назад

Yeah but there are people that win multiple times in lotteries by buying a ton of tickets. Some have just won repeatedly by coincidence? Either it was rigged or luck? What if I pose a third option, ex government work. Stuff that can't be acknowledged on the books because it's spy craft or special ops. But they obviously need to retire. A bit less hopeful for the poor masses now.

@koshi6505 2 года назад

The lottery is a tax on those people bad at math.

@gomez9949 2 года назад

@@orionthehunter217 it doesn't rule out that some winners are ex government, but I'll consider this possibility as a way of having more potential in their reserves. I'm sure they don't all agree, or even get such visits most of the time.

@vcvitiko 2 года назад

COPEEING

@MyNameIsNotCraig 2 года назад

As someone who works in the restaurant/hospitality industry in my 30s. I've fully accepted that I will not be retiring at the standard age, I'm probably going to work forever especially if I open my own restaurant and I think that's pretty noble. Mind you as I get older I definitely won't be doing the heavy lifting but I will still be at work and managing the daily grind of the business. This is all assuming I stay in good health for my whole life, wish me luck!

@firemarshal2629 2 года назад

Make that money bro!

@digntyotaddictd 2 года назад

For your trade, owning that restaurant is your retirement plan. All multi billion food chains started from a single restaurant too...

@DCgames12345 2 года назад

If you get lucky enough, you may become profitable enough to sell your business.

@Nero_PR 2 года назад

Good luck pal. All I could grasp from this video is that the presenter is so near-sighted that shows they never had real life experience of career pathing and career progression. I hope you can expand and grow your business to the point of you only doing the management and then have the safety to leave to the next generation while you retire from their work based on the foundation you have built. It'll be much harder to retire in the future but don't let these doomsday predictions get to you.

@loto7197 2 года назад

The most physically healthy elderly people are often those who work.. people wither away quite quickly after retirement. Working does wonders for your mental health in comparison to being unemployed or retired, also. Not contributing to society is detrimental to mental health

@dermuschelschluerfer Год назад

Im 22 and my 20s will be focussed on building stuff to support having a limitless lifestyle for the rest of my life. I only worked for about 2 Years full time and i already dislike having to spend most of my time on work

@eugenemarsha Год назад

When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.

@sufiwa Год назад

@Melanie Fayetteville Wow I' m just shock someone mentioned expert Mrs Sophia I thought I'm the only one trading with her

@sufiwa Год назад

She helped me recover what I lost trying to trade myself

@jomeyrfrancis Год назад

I invested £5000 pounds I I received £54,000 thousand pounds within 7 days working

@christianalora Год назад

@@jomeyrfrancis My first experience with her gave me the assurance that has made me to invest without fear of loosing

@humphreygeo Год назад

@@christianalora My first investment with Mrs Sophia gave me profit of over $24,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

@loveandparty4118 2 года назад

What's sad is the people with abusive parents that kicked them out of the house, or were forced to leave due to the terrible environment at home. They have no chance to own a home, ever.

@GodwynDi 2 года назад

Trying to crush my spirit? Jokes on you, I already expected to work until I die. Fortunately, work has been stressful enough its accelerating the process

@exemida 2 года назад

Work from homes gonna becomes work from coffin next.

@BearMeOut 2 года назад

If they make AI by scanning your brain to mimic the human behavior, technically the ai is part of you working after biological you are dead

@jagannathrath1914 2 года назад

@Nekolover It is going to be okay.Try to find a way to be happy. Try to work in a field that excites you. Upskill yourself, focus on hobbies. Your life may not matter to you but it matters to someone else in your life. Hang in there buddy

@Pancakegr8 2 года назад

Yes, let the cortisol flow through you

@zulubeatz817 2 года назад

@@Pancakegr8 😆

@Green__one 10 месяцев назад

It's amazing how few economists can figure out that when we doubled the workforce salaries went down. It's simple supply and demand. The reason that you now need two full-time workers in a household is simply because we have two full-time workers in every household. Supply and demand is not that complex a concept. Double supply, halve the price. So once again in this video, we see an advocate for increasing the size of the workforce, while the same time lamenting that wages aren't keeping up with inflation. You can't have it both ways!

@nintendoeats Год назад

Maybe, possibly, the biggest problem is allowing a small group of people to skim unlimited amounts of value off all transactions?

@VerityFraser 2 года назад

It's unsettling how often I think about my retirement options and it's suicide.

@chrisprice8112 Год назад

The good(??) news is that if you're under 30 (and maybe a fair bit older) the spiralling welfare of people older than you who are already unable to retire will probably cause enough social unrest that there's some kind of economic realignment - whether that will pan out well overall is another matter, but i'd be seriously surprised if the current trajectory continued and things just got worse and worse for the next 35+ years.

@1998Cebola Год назад

@@chrisprice8112 you have an awe inspiring amount of hope, I wish I was this optimistic, but I hope you are right!

@SkySong6161 Год назад

No kidding. I'm not planning on living past 60. That way when I kill myself, I'll at least die on a mattress.

@yesvember11 Год назад

@@chrisprice8112 you have more hope then I do. I’m 27 so I guess I’ve grown up on things just getting worse and worse and all of my faith being crushed constantly. I hope you’re right and I’m wrong. Seriously.

@trapaneezus Год назад

Don't kill yourself dude it's not worth it

@jessiperry60 2 года назад

just like he said.. there are forces trying to keep you working forever and he is right

@LivingMidnight Год назад

I keep wondering what will happen when retirement is no longer possible for most people. How will our lives and attitudes change? Working until you’re too weak to carry on is how it’s typically imagined but what kind of jobs will be available for seniors that pay enough to afford the cost of living? Think of the compounding crises we face in environment, energy, production and pollution. With all that I can’t see there being readily available work that pays for elderly people.

@coldheaven2584 Год назад

Look at the "lying flat" movement in china. While it's not really a new thing but it has been coined that term recently. The idea is that you don't work hard(which only make your boss richer) in belief of a better life but rather give up on the idea and work bare minimum, prioritize self over work

@remigrant7082 Год назад

Soylent Green effect

@internallyinteral Год назад

@Cold Heaven LOL look at firearms ownership in China vs America. Draw your conclusions

@kokszranajaksmietana Год назад

There is plenty small work needed in horticulture, for example. Maybe urban farms are the answer for work for old people and making our agriculture more sustainable.

@Fabzil Год назад

In ancient time, when you were too old to work, you were taking care of by your children. In exchange of looking at the grand-child, you were given housing and food by your children. Those who were without children ? Well...

@hawkkim1974 Год назад

I got laid off lately. I'm collecting my unemployment checks. It feels like a retirement now.

@kingali1606 2 года назад

Well, there go my dreams.

@HowMoneyWorks 2 года назад

sorry my man, bit of a party pooper video.

@evenfate5906 2 года назад

Well. What was your dream then?. Mine is gathering up enough capital to contiunally generate money for me to live the rest of my life as a NEET

@FrankieDiazabraxas 2 года назад

@@HowMoneyWorks Hey, it wasn't a party pooper; it is Reality. All we need to do is remember to downsize our expectations. Million-dollar house? I fit quite well in a small room with a few amenities. Giant refrigerator? One regular fridge for the food, a small one for the root beer (can't drink anymore). A hot blonde? Come on, guys; better to bet it on the ponies at the racetrack. A Tesla Super Muscle Machine? I'll steal my kid's bike and go downhill at 65. And IF I get to 65 myself, I'll steal my grandkid's bike and do it again! Humor is all we can take with us, friends. Better cultivate it before we're mulched.

@TrampMachine 2 года назад

Finally an economics nerd who doesn't just subscribe to the "muh just work hard and you'll be fine"

@incipidsigninsetup 2 года назад

Get a half decent job. Live like a poor student. Stay away from spending money on entertainment, toys, clothes and women. Live with multiple roommates to cut costs. Grind and push as much money as you can into Euthereum and Bitcoin. 70% Eth and 30% Bitcoin. Do this for at LEAST 5 years and you'll be set for retirement at the minimum if you don't touch your investment for at least 10 years.

@bobblob23vr2 2 года назад

Your lumberjack analogy was horribly convoluted

@keepas 2 года назад

seconded

@jasonwilson4262 2 года назад

Convoluted and no where close to how saving and investing works. This guy is nuts. Does he think no new businesses or advancement will happen for the next generation to invest in. Read a book on how money works. Whole new tech innovation, food vehicle battery's space company's delivery systems solar, wind etc. All new and full of potential investments

@joey199412 2 года назад

@@jasonwilson4262 I agree that he's wrong but his point was that all the wealth generation over the last 200 years were dividends from the industrial revolution and that we've now squeezed all lemon out of the low hanging fruit and technological productive progress is stagnating. Most innovation now isn't about increasing productivity but about shuffling existing productivity around. Uber doesn't generate wealth it's just stealing marketshare from cabs. Self-checkout cash registers isn't automation, it's just shifting the labor from the cashier to the customer. The problem is that this is merely an (unproven) hypothesis while this video essay pretends like it's set in stone as fact. In reality there are still leaps and bounds of innovation that will actually generate wealth and productivity for society (Astroid mining, Fusion power, Superconductors, GMO agriculture, CRISPR gene editing, Personalized medicine, self-driving cars) just to name a few areas that are still promising massive increase in generating wealth for society in the future.

@Jayden12934 6 месяцев назад

Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!.

@KateWilliams-gn5qr 6 месяцев назад

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

@DongaiTmorten 6 месяцев назад

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

@Jayden12934 6 месяцев назад

Olivia Sullivan Financials is my portfolio-coach, I found her on CNBC where she was interviewed, I looked up her name on the internet. Fortunately I came across her and reached out to her, you can verify her yourself.

@user-qf5hp8pc9t 6 месяцев назад

Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can.

@ukdsg 6 месяцев назад

Thanks for this tip, her website popped up on the first page immediately I searched her on the Google web. I read through her resume and it seems pretty tight so I dropped her a message hopefully she replies soon.

@computerguy1579 Год назад

These videos tend to take a very negative approach to finance, which I think is really good to help balance out the "gurus" out there trying to get people to do some simple trick to become millionaires over night. I never take a single source for my information, but with so many people online claiming everything is all good, this series of videos helps bring some consideration on the opposite end as well. Very interesting stuff. Keep them coming.

@MrGegeca1 2 года назад

My retirement plan is either living in the woods or offing myself with a cocktail in a Bahamas' beach.

@nihilisticpunk24 2 года назад

@Sonic Hedgehog LMFAO 🤣

@connorlowis4774 2 года назад

I just got a job in the ironworkers union. I am lucky enough to get a pension when I retire in 30 or so years. I am terrified tho, that the market will crash and burn before that time comes, and I'll lose that pension. Thats what happened to my mothers pension (United flight attendants union) and several other relatives. Its amazing you can be forced to pay into something that is almost definetly not going to be there when YOU actually need it(pension, social security etc). I'm just paying for the boomers to have a cushy life rn, even tho they're the ones who set up that broken system.

@MsBubu26 2 года назад

Exactly but when you say something remotely like this to a boomer they say they did this for us 😒

@venomlink2033 2 года назад

The market will crash long before that. Don’t worry.

@tudupidupu 2 года назад

I think that's done by power and money. I don't think ordinary Joes and Janes have anything to do with it. If you think they've done it, then you can undo it. Or nah?

@mr.giraffe7076 2 года назад

I told my parents that a pension doesn't motivate me to work somewhere. I've honestly never even stayed at a company for 5 years.

@smokinhalf 2 года назад

The boomers voted people in who took care of what they wanted. Take social security from working people and not care what happens to the payers when they get old

@hazeus Год назад

Just because a video is well made doesn't mean the thinking is sound. I really hope 1.5m people do their own critical thinking.

@alessandrasmith339 Год назад

It's nice being Gen Z and thus having this reality so deeply ingrained that it's not debilitating anymore. There's freedom in not buying into the American Dream.

@debaser3721 2 года назад

There are more holes in this than the tools that lumberjack is making

@drdavinsky 2 года назад

I retired last year at 29 lmao. This video is a cope

@argenisjimenez8118 2 года назад

I would like to know what holes.

@shawnsorbom8907 2 года назад

@@drdavinsky So? This video is talking about averages. I have a sibling who is doing very well for himself in the tech sector. But he doesn't represent the average bear. People in non-specialized jobs are still fucked.

@genericwoman3713 2 года назад

What are the holes please? I'm new to learning about all of this I'd love to know more if you could elaborate. Thank you 🙏🏻

@maindirectorate1400 2 года назад

@@genericwoman3713 There's never going to be an elaboration, cuz it's a paid troll making the pro-capitalist comments, paid by capitalist agenda.

@dylanfgarrison 2 года назад

You can’t cut down a tree with a “table saw”. Chain saw is the tool you were looking for.

@linecraftman3907 2 года назад

It would take all 10 workers to walk around the forest with a table saw cutting trees 😁😁😁

@haloelite205 2 года назад

Of course you can. You just need a really long extension cable

@roymarshall_ 2 года назад

Listen I don't think he generally understands what lumberjacks do lol, he was talking about nail guns at one point

@TheRSAngle 2 года назад

@@roymarshall_ yeah, for nailing back trees they werent supposed to cut

@hecanseeme8210 2 года назад

Right. How can you take anything he said seriously after a mistake like that.

@keithsclassicgarage1133 Год назад

Mike Tyson once said it is only a few feet from the limo to the curb!

@dr3armer Год назад

Im 26 and already have it in my mind that ill be working forever. However my goal is to have enough income streams where ill be able to survive just from working part time. Hopefully that part time job will be something remote.

@zerocalvin 2 года назад

it's such ashame that nobody has invented futurama's stop and drop booth yet... it would be really useful when I hit 60...

@Jordan-kq3qw 2 года назад

Do It Yourself, It's a market that hasn't been exploited. you could potentially make enough profit that you could retire

@simpleplan100687 2 года назад

Good luck trying to lobby that to congress. Unless it taxes the user to high hell, you’ll be pressed trying to legally get them on corners

@E4439Qv5 2 года назад

My retirement plan is literally just to hop from cruise ship to cruise ship. Relatively cheap, good food, better company, plenty of activities, and a decent chance of catching the next super-plague. Sounds perfect.

@baxakk7374 2 года назад

Seasickness will kill before the super plague

@E4439Qv5 2 года назад

@@baxakk7374 I actually don't get motion-sick. No real food allergies to speak of either. Guess I'm just built different. 😗

@fivehundrediq5212 2 года назад

@@E4439Qv5 I think you need to shut up & stop lying about your so-called “plan”

@SonOfTheDawn515 2 года назад

@@E4439Qv5 You're not "built different." You're actually pretty average in that regard. We as humans wouldn't have lasted this long if food allergies and sea sickness were prevalent.

@thet3281 2 года назад

If lacking any reason to stay landside then at least with the way things are now that's a solid option. Unless you end up needing assistance with ambulation etc. before reaching your final days