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Incorrect information: Health span is 5-10% genetics and 90-95% exercise and diet. Just like your investment accounts you have an health accounts that need funded.

I just found your channel, and I am very excited to keep learning from your knowledge.

Good information, especially WRT not giving your kids "cheat codes." I saw many kids while I was growing up that came from money, and inevitably they had no ambition or drive. I am grateful to be the kid of immigrants.

People already tired because they hate what are you doing for a living. Warren Buffett is 94 and still working It’s not about returning early. It’s about finding something you love to do for the rest of your life.

Don’t take the joy of your children, making their own money and building their success

“Prior ingrained community assumptions” 🧐 Do you mean propaganda?

I love the book shelf behind you

What retirement?

I wouldn't use such a hyperbolic statement as your title. But it definitely affected my decisions. Instead of continuing to invest in index funds, my wife and I paused last year to take a two month vacation from South Korea to Florida and visit my family for the first time. The "responsible thing" was to invest the $15-$20,000 (work income lost included) we ended up spending on the trip. But instead we chose to visit my family while everyone is alive and healthy. Dad is 77 and Mom is 75. Who knows if we will ever get this chance again? So we did the financially irresponsible thing and took the trip. And we are so glad we did.

Most home owners die with a ton of equity on the table and saving accounts. 😅

I wouldn't say this book changed my life but it definitely changed my outlook on money. Like you, I am an Asian American physician. There are many good things about our upbringing but one major negative is many of us were taught to hoard money and thus a bigger bank account directly equates to more happiness. After reading the book, I realized I should retire earlier rather than later and use my resources now to translate into experiences while my wife and I are young enough to do them. Having said that, I am still holding on to my license just in case!

If you change your view, read the Bible! Rather than listening such stupid voices of humans!

Great summary of an outstanding book. Thank you!

CALPERS pension-100K w COLA-worked 30 years) moved to 🇹🇭-$400 new condo -10 minutes to 🏖️-swim-gym-steam-sauna daily-pretty young thin gf-healthy food-invest online

Long term care costs are big unknown.............

Great video! I have no intention of dying with zero but this book really helped me view spending differently. I have been in the heavy savings mode and rarely treat myself. I've raised my kids well with fully funded college funds and this was the push I needed to start being intentional to enjoy what I've worked hard to build.

What's the safe dose of alcohol?

Thanks for this, I feel I have heard of this book, but definitely want to read it now! Love the Red Pill - Blue Pill reference at the end, and the video game references ;-)

If someone offer you a billion dollars, don’t say no just forward him to me. I don’t mind at all 😅

Agree - this is wisdom - I retired at 49 and live amazing with on my investments alone + now I have pensions. But I planned well when in my thirties. Planning is everything

It’s important that kids dont expect, money, or plan on getting it from their parents, either during their lives or after death, it’s imperative that they know that the only way to be successful in life is to do it themselves. If they think they are going to get a big payout someday, they may not try as hard or be as ambitious, or plan for a financial future. In my case that big payoff never came, thankfully i had a good career on my own, but if i thought there was no payoff coming I would have planned better. Great video, thanks, excellent YouTubing here. Larry

This is Bill Gates. How the heck am I supposed to die with zero?

Man, I took the advice to give while we're alive. Pushed sent in Zelle, then you mentioned don't provide cheat codes, make up your mind. JK, it's a fine line to walk with how much to give without taking away the recipient's drive and motivation. I give experiences and memories with an occasional big ticket like an EV 🙂

But what if i want to be a musician but not good enough yo get paid for it? Money can buy you yhe freedom to indulge in these passions.

Very helpful tips! Great advices

Do you have a consultation? I am confused what to do with my financial due to my neurological issues popping up.

Read DIE BROKE written 30 years ago. Why not do all of thisAND borrow borrow borrow, die $2 million in debt!! Hide all your $ and assets in a trust. Broke on paper, get all the Gov subsidies. Play their game, their rules

Number4 is most important . Marrying the right partner is key. I didn’t know this but almost 20 years in absolutely it is the cornerstone of financial success

Retirement is overrated. I’ve decided I will work until I no longer enjoy it. I agree with the content. Why wait until we are old seniors to enjoy our earnings or death Itself to be generous.

I'm in my 30s and I constantly think about money because as an only child, I'm starting my family while worrying about my parents who have poor health, little savings and no insurance. I know I should live life, and I'm always angry because I'm not.

I say do what you want when you want, and don’t identify as someone whose health is declining, know the power of your mind!!! And don’t beat yourself up if you haven’t done what you should have done if you’re 40 plus- do it now instead, it’s never too late!! And invest as soon as you can, to give you returns :)

Great 👍 work doc

ha the reason you think your health will decline is because doctors don't know anything about health and nutrition

I don’t think u understand why men in their 50s run marathons and participate in hyrox. People’s minds cling to their earlier life buckets.

Stop listening and unlike after the “if someone give me a billion I will not accept it “

So most retirees died leaving 80% of their wealth untouched! They saved too much!

I’ll consider that book.

I just turned 54 and I’m definitely retiring early. I was in a high pressure gig economy career and I downshifted to a w2 job, less money but much much less stress. I can definitely ride this out a few years and then call it a day. My dad says may the last check I write, bounce! Ha! ❤

Very nice video. Informative. Thank you

What happened to people from 55-75? In the chart at called Filling Your Time Buckets? For a financial nerd and a neurologist . . . .someone seems to have missed something?

How f**ked this world if we don't want to raise children and give them everything we worked for in our lives. Pathetic

The chart is showing people that had social security that wasn’t taxed. It very hard to live in America because things that used to be free now cost money like tv, telephone, utilities were much lower so was banking and housing. If we didn’t have so much greed it would be much easier to live a good happy life for retired and people straight out of college with debt that can almost never be paid off.

Im 53 and starting a new career in another country. LFG!

I went through the same realisation when I found out about Roms and emulators I felt like I had hit the jackpot but then after a week I was bored of playing video games. The idea of waiting till my birthday or Xmas for that one special game meant more than having all the games at my fingertips.

This applies more to people with good paying careers, own their own home, and are pretty comfortable by retirement. These people can afford the occasional hospital bill and not be worried. Most of us aren’t in this boat.

Inflation figures are manipulated by the govt. much of the unhedged nest eggs will face significant erosion in purchasing power & value.

If, on average, the retiree spends only 11% of his retirement account, can't he pass the rest on to his heirs? Or will the government take it all? I still think having some buffer savings is still important, given our recent experience with the pandemic.

Do you have kids? That's a big deal when thinking about retirement. Not all of us have/had a lucrative career. I worked my S off to get my son through college and now he's doing very well. I've spent my share of money to enjoy my retirement but at the same time, I'm thinking of my son's future in this stupid inflationary period. I hope to leave him a good chunk of change. There is no one size fits all.

I used to worry about money even though I had enough in savings, more than most people my age in the US. This was mainly due to working a PT job and me concerned that I was spending more than I was bringing in. However, I decided to let go of my sparsity mindset and enjoy life more. Even though I could find a higher income job, my current one, which is at a dog rescue, makes me feel like I'm doing something worthwhile. It helps that my brother has quite a bit of money and is very generous financially towards me. Should anything happen he or my dad will help me. So, since my dog passed a few months ago, and my dad is now retired, I plan to help him enjoy the rest of his life by traveling with him. So, we've done one-day trips as well as out of town vacations. Our next one will be out of state next month. I'm in my 50s now and have zero responsibilities as I'm unmarried and childless (not one day of regret with either 😊). I'm very pragmatic and so know I won't be around forever. I'm really glad this book was written to help others who are working too hard only to die with a lot of money. Set aside enough for an emergency, but sheesh ... life is about living!