Old man here of almost 60. My best friend is 65. If you keep healthy, thrust me, you can still enjoy life as if you're younger. When I visit my friend, we go mountain biking, hiking and enjoying the natural beauty of wild Michigan. He lives in the Manistee national forest. Being out in nature is so refreshing and hope to enjoy these times until I can't.
Wow! You’re so right! I’m 45 (a little younger than ya, but I agree….if you stay spry and healthy…there’s no stoppin’ you! I don’t feel any different really, than I did when I was younger!
My mom always dreamed of traveling, so at age 10 I told her I was going to take her around the world. At age 23 I did it. People said I should buy a home with that money including Mom, butt I insisted. There were lots of old people on the trip, too old to get off the bus. I vowed to travel while I was young. Mom and I did over the next ten years. Oh, the memories. I’m pushing 70 now and smile when I remember Mom on that trip. I have a home now and I’m not sitting around thinking about how much fun it was to buy.
Totally agree with this book. I'm in my 40s now and I don't want to travel anymore, but in my 20s it was my raison d'etre. All I wanted was adventure. Now I want to be financially responsible and cozy in my own home. See the world while you're very young!
I've read this book as well. I agree that investing in experiences is more valuable than buying expensive toys. But since none of us knows how long we will live or what kind of care we will need in old age, I would not want to burden my kids with my care because I spent all my money having fun.
Yes. I think this video contradicted the entire catalogue of videos on this channel. Dying with nothing is not a wise strategy, it’s irresponsible and foolish. We should all try to have a strategic reserve for rainy day, emergencies, and crises. To die with that reserve still in place is not a failure - it means you were prepared at least financially and the fact that you didn’t need to use it means that a loved one will receive the benefit of it for their future.
@@paddymurphy-oconnor8255 I agree. This video does stand out among all of Austin's others. Many of the points made here sound agreeable in a vague, philosophical way, but overall, the message is naive. Carpe Diem rarely serves anyone well. Also, I have an argument with the vision of work presented. It makes work sound like it's nothing but an unpleasant necessity to be endured. For many that's true, but not for all. "Money is life's energy"? Well, your work, itself, can also be life's energy. I was a nurse for 40 years. Often it was hard, physically and emotionally. Often there was drudgery involved. But there was also the repeated experience of making a material difference in someone else's life. Money can never represent that energy.
@@alanhill2508 Agreed. I would also add that love is life’s energy, not money. Money helps us meet our needs and used correctly, serves love. God is love.
The problem is we dont know how long we will be around. I would hate to reach 90 broke because I was too busy collecting memories. There has to be a balance.
My husband agreed with you. He insisted we have fun in our 40s, newly married, and 50s. Now we’re 72 and 77 and we’d rather stay home and watch Hallmark movies. BUT we also worked to become debt free and build up an emergency account. So again, balance.
There are many finance books out there but this one is outstanding. It changes the way you think about money and how you can use it to live your life to the fullest.
Some people work for 40yrs to have $1M in their retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
@@paddymurphy-oconnor8255 Agree. After you sell your house and move into rental housing, your landlord ain't tellin' you that he'll let you stay for free. 🥴
A strategic reserve of money for emergencies and unforeseen costs is essential. If you die without having spent that money, then you can leave it to a family member who will benefit from it. You didn’t have your crisis and a family member gets to enjoy it instead. It’s all good. It’s not a good strategy to live from paycheck to paycheck because you don’t have that strategic reserve.
I just added this book to my reading list, thank you! I couldn't agree more with the points you've made, my husband and I chose to travel when we were younger because I have a degenerative disease and knew if I waited, I might not get to do it. Yeah, we could have paid for an entire house (and then some) with the money we spent traveling, but I can't trade those experiences, nor would I choose to. We have slowed down considerably over the past few years and I'm so glad we chose to do it the way we did, no regrets at all. Nothing in life is guaranteed.
So true about your European trip, I left USA at age 19 to live, study and work in Paris for a year. The experiences and memories have enriched my life, my career for my lifetime. Now I am 72 and still enriched my life with my relationships and still travel.
The challenge is knowing how much you'll need for those last years (assuming you live to be old). The amount you might need for home health care, for example, can be astronomical. The alternative is spending down till you're eligible for Medicaid and ending up in a nursing home (at government expense). In the USA at least, getting old, having either spent all your money on experiences or given your money to your kids (who may or may not return the favor), is a big gamble. Excellent video as always, Austin!
Not government money, it is taxpayer money. Every year that I increase my income by making more sacrifices, I pay more taxes. I’m a believer of paying my own way as should everyone.
“You can’t take it with you when you go. “ But I know some people I can leave it with. It’s selfish to think about if you have loved ones you can give your money to when you go
So true! I spent two summers camping with friends in the Canadian Rockies at age 19 and 20, with very few possessions. Even collected cans for money and fished for dinner. I’m age 72 now and still recall those times with joy.
I know people in their 60s and 70s who still are extremely active and healthy and are still travelling even on a small budget and doing a lot with their lives. Some very young people already have children. Everyone is different . No one knows how things will work out.
Dying with money is not a waste. It can be passed down to grandchildren and can help them with College or a car. If you raise your kids right then you know that they will value the money you leave them.
My stepdad just passed away at age 86. He lived healthy and happy until the end. He still had leftover money, but it was necessary so he and my mom could still get what they need and want, and they were still traveling until just recently. It’s a balance until the end with your money.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
The world is gradually moving out of the I work for my boss era, and people who choose to be entrepreneurs are highly securing a brighter future for themselves..
She’s quite the obvious choice here. You’ve gotta check her out. She’s a whiz at turning your financial dreams into reality! She got a really down-to-earth vibe and almost prophetic insight
You don't know when you will die, therefore money is security. If you die with money your family never had to support you. Safety for them and safety for you. My opinion, and your relationships can't be purchased. Experiences happen daily so enjoy all their interesting lessons.
My plan is to downsize to the smallest space possible with my 2 cats, cut my expenses and stop working full time in my 50s. Then work 50-80% of the time until full retirement age
If I had made the change sooner to part-time work, I would have continued working much longer than I did. I accidentally stayed at my high-paying job until career-ending burnout (Had a long commute and was expected to work after going home for the day.). Since I had saved and invested my income, I retired at 49 and am not sorry I did.
Enjoy your videos…this one though is just too simplistic and self centered…focusing just on experiences for oneself is a shallow way to go thru life…How about helping others with their challenges…Many of these experiences people chase are over rated, expensive, and at the end of the day leave one feeling empty..Helping one’s family, church, friends, and those who struggle is way more fulfilling, in-fact as you get older you will reflect on what you have given back rather than what you have extracted for self…Thanks for posting your videos as i really do enjoy them and they add to my life experiences 😊
I want to take care of my children and grandchild. I want to leave them an inheritance so their lives can be better. The Bible states in Proverbs 13:22 "A good man leaves an inheritance to his children's children." that what I follow. When you get married and have children of your own and grandchildren your prospective will totally change.
You can give your kids an inheritance before you die at a time when it would have an impact on their lives (in their 20-40s). You can give them a down-payment for a house or pay for their education. This is much more impact full than leaving them an inheritance when they are their 50s+
One of the most beautiful feelings in life is being able to afford everything you need in life. I have tasted what it means to be b r o ke and I can tell it’s not something you wish for anyone. Thanks to Larysa Caba, I don’t have to experience that kind of life anymore. I’m grateful and I will always be.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
Good video but it feels a bit ageist. I’m 61 and I travel all over the world, sometimes alone and sometimes with family/friends. I could stay in hostels but I don’t want to- I have a good standard of living at home so why not when I travel! My health is great due to living a healthy lifestyle so just don’t feel that i have any limitations.
By the time I retire, the cost of living will be higher. I intend to retire when I'm 70. I'm 59 now. I'm training as a real estate agent. Our fruit farm will feed us and others after we die. I'm not fired up about dying with debt. My dad did. Many people do. My life has greatly improved since we bought the fruit farm. It will improve more after I sell my first house. We have many plans after we sell our house in Eastern PA. We do everything cash. If our fruit farm fails, the farm and house will sell for a lot of money. We will have another home and less land to worry about at that point, but only if the fruit farm fails.
Sounds like an interesting book, however, this video is full of age based stereotypes. I would recommend running a video like this by a 65 year-old or 70 year-old before I published it. There are plenty of 65 and 70 year-old with tons of energy and backpacking around Europe. I’m sure of it.
I don’t want to not have enough money to take care of me and my husband until that day comes. You don’t know when an accident or a health issue will change your life in a heartbeat as it did for us when my hubby was 64. Not the retirement we would have chosen. I just lost a good friend. She just turned 60. Two years spent fighting the evil C.
Exactly! Worrying about food, housing, medical etc when you’re 70 plus is no fun. You can’t work. Nobody wants to buy your stuff and the rent has gone up more than your pension. So what do you do now? Worry? Sell your used up old bod?
7:25 Why not? If you take care of your health and have the right mindset, I don't see why you can't backpack around Europe at 65, get rid of that limitng belief for your own good :) I'm sure you'll be able to do amazing stuff at 65 el Agustin!
I’m leaving money for my children and the knowledge to not squander it, and about how money can make you more money. I don’t think this mindset works for people who have kids
I remember watching Johnny Carson with my mother as a child back in the 1970s. Johnny had a guest, an older, well-dressed fellow, who was sailing around the globe on cruise ships pretty much non-stop as a way of living out the rest of his life. He said his goal was to spend all of his money before he died and to make his children pay the expense of burying him. Even as a child I found that brilliant. I subscribe to the same mentality even today, almost 50 years later.
It’s good to have our perspective on this challenged. Also need to remember that people live much longer these days. 65 the traditional retirement age is relatively young and many 65 years olds will live for 25 or 30 years. Important to have enough money to enjoy life then as well. Guess the balance is a key. That said there are a couple of hobbies I want to start In retirement that I could probably do when I’m younger. Why wait if you can afford the time and money to do stuff when you’re younger?
For those with common sense, they will understand that implicit in your message is that this is a balancing act, not a green light to spend everything today and save/invest nothing.
Its easy to die with zero if you know the exact date you will die. I rather die rich as I will not problem money while i still breathe. But now I also invest in experience. I think balance is the 🔑
Ok if you're 65 you have way more years behind you than ahead for alot of you this is hard for you to digest. Even if you were fortunate enough to live till 90 it doest change the fact that your in the early autumn of life. Most people at 60 still want to travel and be active but by 75-80 most do not so its a very small window to the other end of the spectrum.
I already see the push back in the comments. You are making too many stereotypical assumptions about age, likes and dislikes. Let’s take your 20, 40 and 70 year olds. The 20 year old may have a baby, the 40 year old may not (or not yet)have children, and the 70 year old may be traveling most of the year, really, too tired to leave the house? Here are facts….you have no idea when you will die, you can be 3, 30, 80 or any age. You can live a very healthy lifestyle and still become ill with heart disease, cancer, etc… What makes an extraordinary life is different for each and every one of us. You may love traveling and I may hate it. So travel memories could have very little value for someone that does not enjoy traveling. But maybe owning their own land that they can garden would bring so much joy (gardening is not my thing). My father who is 81 would love to sell the house and spend it all to zero, but “legacy” to his wife of 42 years is so much more important. None of what they worked for or inherited will be a waste in her mind.
Money can provide a benefit after the person dies if the money will help to take care of a child with special needs. The parent of a person with special needs buys peace of mind when they build up their estate to provide one day for their surviving child.
I never spend money on entertainment and foolisness. Every dollar I have goes into investment and I have more than enough experience. Tourist travels and expensive restraurants are not my cup of tee. I hope that uranium bull can continue for a while as I am deeply positioned in thaat sector. I hate to spend money and love to save money so its a sport to grt everything as cheap as possible by pressing and manipulationg the sellers.
Such a naive point of view from someone with no kids. My parents did just what you advised/the book, except that when they had to go to nursing homes for alzheimer'they had absolutely no money and my sisters and I as their adult children had to pay for years of expense, meanwhile having our own children'to put through college. That is basically counting on your relatives to pay for your selfish attitude
At least you said nos vemos chico better this time, but you are still missing the S at the end of chico, remember you have more than one chico watching your videos so it is correct to say nos vemos chicos!
I think this depends on your skills/talents. Im 50, but have spent all the money i could while young, on... art, musical instruments, tattoo shop equipment, recording studio set up. Today im blessed with the available experience to perform music live, record albums, tattoo, produce artwork. All at a minimum upkeep cost. I'll own this equipment till im no more. Im great full i focused my finance on these experiences. I hadn't even considered the value of my equipment going up and up, id assumed over the years, my equipment would NOT be valuable in my future. Thx to unrealistic unreasonable increase in costs? ALL my equipment keeps increasing in value. Example: i bought my Marshall stack for $2500 Today? My model is $3500 used, $4500 new My guitar, i bought a les paul for $1200, today? Its worth $2000 used. If our economy keeos in this direction... ill retire by selling my drums...😂
If you’re going to die with zero, the kids will probably murder you earlier than allow you to die a natural death. If you’ve been too busy making money to be a good parent, kids may miss you at first and be a little resentful but once they’re working with their own family, they’ll understand… and be thankful - same we have all experienced sometime or the other.. 😊❤
Hello 👋👋 I have 3 Passive incomes. I will be leaving My boys and family ❤️ 3 to 4 Passive incomes. I am living a Frugal lifestyle. I Think 🤔 it's a different Culture thing 😊 I have Active income for Emergency funds and Monthly Expenses Only 😊 However I invest with My family ❤️. Create Memories with My family 😁
You wouldn't know if you will reach the age of 90. There's so many factors that can make our life shorter or longer. Some are in our control some are from our environment (e.g. accidents, calamity, etc.)
Old man here of almost 60. My best friend is 65. If you keep healthy, thrust me, you can still enjoy life as if you're younger. When I visit my friend, we go mountain biking, hiking and enjoying the natural beauty of wild Michigan. He lives in the Manistee national forest. Being out in nature is so refreshing and hope to enjoy these times until I can't.
Reminds me of red dead redemption 2 life, minus all the shooting that is
Old man of 60?? Man, I'm 60 years young!! State of mind. Keep doing all you're doing, those aren't the activities of old men!!
Wow! You’re so right! I’m 45 (a little younger than ya, but I agree….if you stay spry and healthy…there’s no stoppin’ you! I don’t feel any different really, than I did when I was younger!
Thanks for the inspiration. As a 53 yo hearing this from others a decade ahead of me helps keep me motivated. 🎉
No worties sir.. 60 is the new 40.. you have a good 30 years to enjoy life.. forgive me if that’s not your idea.. 😀
My mom always dreamed of traveling, so at age 10 I told her I was going to take her around the world. At age 23 I did it. People said I should buy a home with that money including Mom, butt I insisted. There were lots of old people on the trip, too old to get off the bus. I vowed to travel while I was young. Mom and I did over the next ten years. Oh, the memories. I’m pushing 70 now and smile when I remember Mom on that trip. I have a home now and I’m not sitting around thinking about how much fun it was to buy.
Totally agree with this book. I'm in my 40s now and I don't want to travel anymore, but in my 20s it was my raison d'etre. All I wanted was adventure. Now I want to be financially responsible and cozy in my own home. See the world while you're very young!
I've read this book as well. I agree that investing in experiences is more valuable than buying expensive toys. But since none of us knows how long we will live or what kind of care we will need in old age, I would not want to burden my kids with my care because I spent all my money having fun.
Yes. I think this video contradicted the entire catalogue of videos on this channel. Dying with nothing is not a wise strategy, it’s irresponsible and foolish. We should all try to have a strategic reserve for rainy day, emergencies, and crises. To die with that reserve still in place is not a failure - it means you were prepared at least financially and the fact that you didn’t need to use it means that a loved one will receive the benefit of it for their future.
@@paddymurphy-oconnor8255 I agree. This video does stand out among all of Austin's others. Many of the points made here sound agreeable in a vague, philosophical way, but overall, the message is naive. Carpe Diem rarely serves anyone well.
Also, I have an argument with the vision of work presented. It makes work sound like it's nothing but an unpleasant necessity to be endured. For many that's true, but not for all. "Money is life's energy"? Well, your work, itself, can also be life's energy. I was a nurse for 40 years. Often it was hard, physically and emotionally. Often there was drudgery involved. But there was also the repeated experience of making a material difference in someone else's life. Money can never represent that energy.
@@alanhill2508 Agreed. I would also add that love is life’s energy, not money. Money helps us meet our needs and used correctly, serves love. God is love.
The problem is we dont know how long we will be around. I would hate to reach 90 broke because I was too busy collecting memories. There has to be a balance.
100%!
90 really??
@@manm5302 true I have always lived for the now. And you can do a lot in your 60s if you take care of yourself.
My husband agreed with you. He insisted we have fun in our 40s, newly married, and 50s. Now we’re 72 and 77 and we’d rather stay home and watch Hallmark movies. BUT we also worked to become debt free and build up an emergency account. So again, balance.
But that is not mentioned in the video. Or the book? 🤷♂
@@paddymurphy-oconnor8255 In the Dave Ramsey book. And yeah, Austin does say don’t wait to enjoy your life until you CAN’T.
Sanaol
There are many finance books out there but this one is outstanding. It changes the way you think about money and how you can use it to live your life to the fullest.
Hit 401k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024..,,
Some people work for 40yrs to have $1M in their retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio
Waking up every 14th of each month to £210,000 it’s a blessing to I and my family… Big gratitude to Jihan Wu🙌
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still believe in God
That´s my purpose: to leave this world with zero possession. My legacy will be the plants I grow. I'm 64, no children.
We all leave with nothing. But living your last years with nothing is not wise. It’s insecure and wrought with anxiety.
@@paddymurphy-oconnor8255 Agree. After you sell your house and move into rental housing, your landlord ain't tellin' you that he'll let you stay for free. 🥴
A strategic reserve of money for emergencies and unforeseen costs is essential. If you die without having spent that money, then you can leave it to a family member who will benefit from it. You didn’t have your crisis and a family member gets to enjoy it instead. It’s all good. It’s not a good strategy to live from paycheck to paycheck because you don’t have that strategic reserve.
I just added this book to my reading list, thank you! I couldn't agree more with the points you've made, my husband and I chose to travel when we were younger because I have a degenerative disease and knew if I waited, I might not get to do it. Yeah, we could have paid for an entire house (and then some) with the money we spent traveling, but I can't trade those experiences, nor would I choose to. We have slowed down considerably over the past few years and I'm so glad we chose to do it the way we did, no regrets at all. Nothing in life is guaranteed.
So true about your European trip, I left USA at age 19 to live, study and work in Paris for a year. The experiences and memories have enriched my life, my career for my lifetime. Now I am 72 and still enriched my life with my relationships and still travel.
The challenge is knowing how much you'll need for those last years (assuming you live to be old). The amount you might need for home health care, for example, can be astronomical. The alternative is spending down till you're eligible for Medicaid and ending up in a nursing home (at government expense). In the USA at least, getting old, having either spent all your money on experiences or given your money to your kids (who may or may not return the favor), is a big gamble. Excellent video as always, Austin!
Not government money, it is taxpayer money. Every year that I increase my income by making more sacrifices, I pay more taxes. I’m a believer of paying my own way as should everyone.
5 years look back and asset evaluation are killer for most folks. Yet those border crossers would qualified for Medicaid automatically.
“You can’t take it with you when you go. “
But I know some people I can leave it with.
It’s selfish to think about if you have loved ones you can give your money to when you go
I read this book too and it has definitely given me a new perspective on money.
I’ve heard a few different summaries of this book, but I think this is the best one. Nice job.
When you have children your point of view will change. You will want your children to be set financially and have a little generational wealth.
So true! I spent two summers camping with friends in the Canadian Rockies at age 19 and 20, with very few possessions. Even collected cans for money and fished for dinner. I’m age 72 now and still recall those times with joy.
So it all comes down to balance😊
I know people in their 60s and 70s who still are extremely active and healthy and are still travelling even on a small budget and doing a lot with their lives. Some very young people already have children. Everyone is different . No one knows how things will work out.
Dying with money is not a waste. It can be passed down to grandchildren and can help them with College or a car. If you raise your kids right then you know that they will value the money you leave them.
I want it all. Money, things and great memories. One without the other is no fun imo. And balance is the key of good living.
My stepdad just passed away at age 86. He lived healthy and happy until the end. He still had leftover money, but it was necessary so he and my mom could still get what they need and want, and they were still traveling until just recently. It’s a balance until the end with your money.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Assets that can make one successful in life
I. Forex
2.Stocks
3.Shares
@@Naziru504You are right.
But I don't know why people remain poor due to ignorance
The world is gradually moving out of the I work for my boss era, and people who choose to be entrepreneurs are highly securing a brighter future for themselves..
2019: investment year for me - $220K in raw profits
2024 alone: $170K so far in profits
The constant: Algorithmic trading
how does it work exactly? Curious to know more.
Where do you run this? I’ve used something similar before, so I’m wondering how it compares.
Lisa Wilson Ashlin.
She’s quite the obvious choice here. You’ve gotta check her out. She’s a whiz at turning your financial dreams into reality! She got a really down-to-earth vibe and almost prophetic insight
Looking her up right away!
You don't know when you will die, therefore money is security. If you die with money your family never had to support you. Safety for them and safety for you. My opinion, and your relationships can't be purchased. Experiences happen daily so enjoy all their interesting lessons.
My grandma was hiking mountains until 75!
My plan is to downsize to the smallest space possible with my 2 cats, cut my expenses and stop working full time in my 50s. Then work 50-80% of the time until full retirement age
If I had made the change sooner to part-time work, I would have continued working much longer than I did. I accidentally stayed at my high-paying job until career-ending burnout (Had a long commute and was expected to work after going home for the day.). Since I had saved and invested my income, I retired at 49 and am not sorry I did.
@@MultiElodiee good plan!
Such a good point! Thank you for this reminder!
Dave Ramsey’s COMPLETE GUIDE TO MONEY. Just common sense. I would say, go for BALANCE.
Enjoy your videos…this one though is just too simplistic and self centered…focusing just on experiences for oneself is a shallow way to go thru life…How about helping others with their challenges…Many of these experiences people chase are over rated, expensive, and at the end of the day leave one feeling empty..Helping one’s family, church, friends, and those who struggle is way more fulfilling, in-fact as you get older you will reflect on what you have given back rather than what you have extracted for self…Thanks for posting your videos as i really do enjoy them and they add to my life experiences 😊
Thank you for this enlightening video. Best regards
I want to take care of my children and grandchild. I want to leave them an inheritance so their lives can be better. The Bible states in Proverbs 13:22 "A good man leaves an inheritance to his children's children." that what I follow. When you get married and have children of your own and grandchildren your prospective will totally change.
You can give your kids an inheritance before you die at a time when it would have an impact on their lives (in their 20-40s). You can give them a down-payment for a house or pay for their education. This is much more impact full than leaving them an inheritance when they are their 50s+
Very enlightening video Austin.. Gr8 Work!!
One of the most beautiful feelings in life is being able to afford everything you need in life. I have tasted what it means to be b r o ke and I can tell it’s not something you wish for anyone. Thanks to Larysa Caba, I don’t have to experience that kind of life anymore. I’m grateful and I will always be.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
You can also find her on
Good video but it feels a bit ageist. I’m 61 and I travel all over the world, sometimes alone and sometimes with family/friends. I could stay in hostels but I don’t want to- I have a good standard of living at home so why not when I travel! My health is great due to living a healthy lifestyle so just don’t feel that i have any limitations.
Well put. Have a nice weekend!
By the time I retire, the cost of living will be higher. I intend to retire when I'm 70. I'm 59 now. I'm training as a real estate agent. Our fruit farm will feed us and others after we die. I'm not fired up about dying with debt. My dad did. Many people do. My life has greatly improved since we bought the fruit farm. It will improve more after I sell my first house. We have many plans after we sell our house in Eastern PA. We do everything cash. If our fruit farm fails, the farm and house will sell for a lot of money. We will have another home and less land to worry about at that point, but only if the fruit farm fails.
Sounds like a beautiful experience for your future 😊
Muchas Gracias a TI!
I’ve been meaning to read this book
I really enjoyed this video with all the graphics.
Sounds like an interesting book, however, this video is full of age based stereotypes. I would recommend running a video like this by a 65 year-old or 70 year-old before I published it. There are plenty of 65 and 70 year-old with tons of energy and backpacking around Europe. I’m sure of it.
One word: Legacy.
Adorei este vídeo. Obrigada, Austin. ❤️
I don’t want to not have enough money to take care of me and my husband until that day comes. You don’t know when an accident or a health issue will change your life in a heartbeat as it did for us when my hubby was 64. Not the retirement we would have chosen. I just lost a good friend. She just turned 60. Two years spent fighting the evil C.
Die old with $0.00 in my account? Screw that! What if I don't die when I was supposed to die?? I'll live broke!
Exactly! Worrying about food, housing, medical etc when you’re 70 plus is no fun. You can’t work. Nobody wants to buy your stuff and the rent has gone up more than your pension. So what do you do now? Worry? Sell your used up old bod?
Exactly why I’ll be traveling for half the year in 2025. Mid 30s and not getting any younger.
7:25 Why not? If you take care of your health and have the right mindset, I don't see why you can't backpack around Europe at 65, get rid of that limitng belief for your own good :) I'm sure you'll be able to do amazing stuff at 65 el Agustin!
Yeah!!! What the heck Austin? 😂 You CAN absolutely do that at 65!
Good one.
I’m leaving money for my children and the knowledge to not squander it, and about how money can make you more money. I don’t think this mindset works for people who have kids
The Book Your Money or your Life changed my life over 20 years ago. I highly recommend it! Great Book!
I remember watching Johnny Carson with my mother as a child back in the 1970s. Johnny had a guest, an older, well-dressed fellow, who was sailing around the globe on cruise ships pretty much non-stop as a way of living out the rest of his life. He said his goal was to spend all of his money before he died and to make his children pay the expense of burying him. Even as a child I found that brilliant. I subscribe to the same mentality even today, almost 50 years later.
God knows I missed listening to u,El Augustin. 🎉
It’s good to have our perspective on this challenged. Also need to remember that people live much longer these days. 65 the traditional retirement age is relatively young and many 65 years olds will live for 25 or 30 years. Important to have enough money to enjoy life then as well. Guess the balance is a key. That said there are a couple of hobbies I want to start In retirement that I could probably do when I’m younger. Why wait if you can afford the time and money to do stuff when you’re younger?
For those with common sense, they will understand that implicit in your message is that this is a balancing act, not a green light to spend everything today and save/invest nothing.
That’s not clear from having got halfway through the video and the title of the book.
Its easy to die with zero if you know the exact date you will die. I rather die rich as I will not problem money while i still breathe. But now I also invest in experience. I think balance is the 🔑
I’m pretty sure I couldn’t do a backpacking trip across Europe at 65 anyway healthwise
"Die getting all you can with from your money zero and your life"
Great presentation with many spot-on points from the perspective of a 70 year old.
Ok if you're 65 you have way more years behind you than ahead for alot of you this is hard for you to digest. Even if you were fortunate enough to live till 90 it doest change the fact that your in the early autumn of life. Most people at 60 still want to travel and be active but by 75-80 most do not so its a very small window to the other end of the spectrum.
"DIE getting all you can WITH from your money ZERO and your life"
Okay...
I already see the push back in the comments. You are making too many stereotypical assumptions about age, likes and dislikes. Let’s take your 20, 40 and 70 year olds. The 20 year old may have a baby, the 40 year old may not (or not yet)have children, and the 70 year old may be traveling most of the year, really, too tired to leave the house? Here are facts….you have no idea when you will die, you can be 3, 30, 80 or any age. You can live a very healthy lifestyle and still become ill with heart disease, cancer, etc… What makes an extraordinary life is different for each and every one of us. You may love traveling and I may hate it. So travel memories could have very little value for someone that does not enjoy traveling. But maybe owning their own land that they can garden would bring so much joy (gardening is not my thing). My father who is 81 would love to sell the house and spend it all to zero, but “legacy” to his wife of 42 years is so much more important. None of what they worked for or inherited will be a waste in her mind.
Thank you for sharing interesting perspective ❤
Money can provide a benefit after the person dies if the money will help to take care of a child with special needs. The parent of a person with special needs buys peace of mind when they build up their estate to provide one day for their surviving child.
I never spend money on entertainment and foolisness. Every dollar I have goes into investment and I have more than enough experience. Tourist travels and expensive restraurants are not my cup of tee. I hope that uranium bull can continue for a while as I am deeply positioned in thaat sector. I hate to spend money and love to save money so its a sport to grt everything as cheap as possible by pressing and manipulationg the sellers.
Such a naive point of view from someone with no kids. My parents did just what you advised/the book, except that when they had to go to nursing homes for alzheimer'they had absolutely no money and my sisters and I as their adult children had to pay for years of expense, meanwhile having our own children'to put through college. That is basically counting on your relatives to pay for your selfish attitude
At least you said nos vemos chico better this time, but you are still missing the S at the end of chico, remember you have more than one chico watching your videos so it is correct to say nos vemos chicos!
Sounds like he was mimicking an idiom from the past, same tone, accent and expression, probably there was no "grammar referee" involved.
I think this depends on your skills/talents.
Im 50, but have spent all the money i could while young, on... art, musical instruments, tattoo shop equipment, recording studio set up.
Today im blessed with the available experience to perform music live, record albums, tattoo, produce artwork. All at a minimum upkeep cost.
I'll own this equipment till im no more.
Im great full i focused my finance on these experiences.
I hadn't even considered the value of my equipment going up and up, id assumed over the years, my equipment would NOT be valuable in my future.
Thx to unrealistic unreasonable increase in costs?
ALL my equipment keeps increasing in value.
Example: i bought my Marshall stack for $2500
Today? My model is $3500 used, $4500 new
My guitar, i bought a les paul for $1200, today? Its worth $2000 used.
If our economy keeos in this direction... ill retire by selling my drums...😂
Sorry but you're dead wrong on this one. Pardon the pun. Nobody can have fun full time unless you're Bill Gates or those types.
Who is going to eat the hay when the horse is dead?
I love this video!!!!!!
If you’re going to die with zero, the kids will probably murder you earlier than allow you to die a natural death.
If you’ve been too busy making money to be a good parent, kids may miss you at first and be a little resentful but once they’re working with their own family, they’ll understand… and be thankful - same we have all experienced sometime or the other.. 😊❤
The man who always had $0 in life will have the happier death than the one who spent his way down to $0 on frivolous and selfish pleasures.
The ant is the donkey. Starvation and homelessness are the stick. A happy wealthy and healthy retirement is the carrot...
Hello 👋👋
I have 3 Passive incomes.
I will be leaving My boys and family ❤️
3 to 4 Passive incomes. I am living a Frugal lifestyle. I Think 🤔 it's a different Culture thing 😊
I have Active income for Emergency funds and Monthly Expenses Only 😊
However I invest with My family ❤️. Create Memories with My family 😁
I disagree a bit here, I'm happier if I can save some money for the loved ones who may be having a harer life than the one I have
This video has been sponsored by Visa and MasterCard credit cards. Experience the world...by getting yourself in massive debt.
You wouldn't know if you will reach the age of 90. There's so many factors that can make our life shorter or longer. Some are in our control some are from our environment (e.g. accidents, calamity, etc.)