Not Enough Savings For Retirement?

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  • Опубликовано: 11 июн 2024
  • Income Ideas for MORE INCOME in Retirement.
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    TARA MARTINSEN'S HOME BASED BUSINESS: www.taramartinsen.com/
    FREE DOWNLOADS: www.financialfastlane.com/

Комментарии • 219

  • @willow6726
    @willow6726 11 месяцев назад +58

    Thank you for this encouragement. In a society that is so fear-based, your innovative way of thinking is so refreshing and inspiring.

    • @FinancialFastLane
      @FinancialFastLane  9 месяцев назад

      After you reach full retirement age yes, it is considered retirement benefits from that point forward.

  • @mikebuckley46
    @mikebuckley46 Год назад +68

    So many people have turned their passion for some thing into a good income in their retirement

  • @Lemariecooper
    @Lemariecooper 11 месяцев назад +216

    Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

    • @Lemariecooper
      @Lemariecooper 11 месяцев назад +1

      One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.

  • @JustMe-cs5zq
    @JustMe-cs5zq Год назад +148

    I am 61 years old, and for the past few years have been developing and trying out new patterns to have my own sewing side business. It's a dream I've been holding in my heart for a long time. I plan to sell online and at craft fairs. I'll be sewing anyway because I love it, so why not develop it into a supplemental income!🎉

    • @Duke_of_Prunes
      @Duke_of_Prunes Год назад +5

      My mother-in-law had a waiting list of wealthy clients for her sewing business in New Orleans. She did clothing and alterations. But she really made money on draperies for big fancy houses. She occasionally did upholstery as well. Best of luck with your business! 🙏

    • @JustMe-cs5zq
      @JustMe-cs5zq Год назад +1

      @@Duke_of_Prunes Thank you so much!!!

    • @Duke_of_Prunes
      @Duke_of_Prunes Год назад

      @@JustMe-cs5zq No problem -- hope you find every success!

    • @JustMe-cs5zq
      @JustMe-cs5zq Год назад +2

      @@Duke_of_Prunes Thank you again!

    • @ethanwaynebell
      @ethanwaynebell Год назад +1

      This is amazing! Great idea

  • @patty3451
    @patty3451 11 месяцев назад +20

    This is the most encouraging video that I have come across in a long time. I am 59 and on my entrepreneur journey and I am accomplishing my goals. As a man thinketh so is he, Proverbs 23:7. Continued blessings to you and your family.

    • @FinancialFastLane
      @FinancialFastLane  11 месяцев назад +2

      Happy to hear it, thank you! You may appriciate this video as well ruclips.net/video/VYWLNoQPZCQ/видео.html

  • @donnawashburn1638
    @donnawashburn1638 Год назад +19

    Rentals are a whole new ball game that comes with tons of headaches!

  • @cdmorrissy3692
    @cdmorrissy3692 11 месяцев назад +56

    When I realized I would only have $220,000 at age 66, I decided to "semi-retire" in The Philippines, where the cost of living is about 50% less (overall), and a $2,000 monthly
    budget (there) would enable me to live VERY well, and with my (tax exempt) income from Social Security, savings interest income and about $1,500 from working about
    50 hrs. monthly (doing CAD architectural drawings for a U.S. company) I could pay all my expenses (including a top grade private health plan) and still SAVE approx.
    $30,000 yearly. I researched a number of other countries, but The Philippines was the best choice for me, and in 5 years (when I'm 71) I'll have about $400,000 in savings
    and that, along with cost of living increases, increased interest income and whatever part time work I do will only increase my assets, well funding the rest of my life in
    P.I. I also have other connections for U.S. work I could get, and maybe I'll work additional hours and "load" my savings even more.

    • @whitway
      @whitway 9 месяцев назад

      This is my plan as well especially since my wife is from the PI.

    • @krisreddy5950
      @krisreddy5950 3 месяца назад

      I am also 66. Does the Medicare coverage is available in the Philippines.

    • @cdmorrissy3692
      @cdmorrissy3692 3 месяца назад

      @@krisreddy5950 No Medicare in P.I.

  • @donnasimpson9731
    @donnasimpson9731 11 месяцев назад +11

    Finally someone that can offer realistic ideas that anyone should be able to do.Thank you

  • @johnhutchison2268
    @johnhutchison2268 11 месяцев назад +25

    Great ideas. My wife died 9 years ago. I had an old five bedroom house which I did not know what to do with. My daughter suggested I get lodgers. This is one of the best things I have done from work to retirement it gives me monthly income and I enjoy different people staying in my home. I appreciate this is not for everybody but if it suits it is a great way to earn cash in retirement as well as having company in retirement

  • @MarylandMermaid
    @MarylandMermaid 11 месяцев назад +7

    Still working at 76. I am continuing my pet sitting service until I can’t walk. It’s been 30 yrs. Can’t walk dogs any longer, but fine with cats, birds, small animals.

  • @keaneilweralekgobo9545
    @keaneilweralekgobo9545 11 месяцев назад +14

    Thank you Sir, you saved me from myself. The Lord bless you for I’ve just beaten up myself hard for failing to save and not having anything on my retirement 🙏❤️

  • @helened6896
    @helened6896 11 месяцев назад +28

    What a great, inspiring guy. I appreciate your kindness and time to offer ideas to others. I have worked on my own before and am preparing to so again. I understand the truth that nothing is impossible. Many don't. Thank you for caring for others, and continued success to you and your family.

  • @maryibanda6018
    @maryibanda6018 Год назад +12

    I am so glad I came across your video I was feeling as if time has passed me by. Thanks for the encouragement

  • @jeanetterawlings6132
    @jeanetterawlings6132 9 месяцев назад +4

    I just finished watching your video and enjoyed it greatly!! I’m 62 years young!! After being a single parent and battling mental illness (anxiety and depression) I ended up relocating from California to a much cheaper state (AZ) I didn’t know anyone in AZ. I only moved to be able to financially take care of myself. Before I moved, I got a job with the federal government since they have jobs all over the country. Also, the federal government didn’t discriminate against elderly people (I know it’s illegal to discriminate, but we know it exists) by the grace of God I found an amazing Bible based church. I was able to purchase my own home. I’ve had challenges since relocating but with God I’ve been able to have some retirement with equity in my home (doubled the price of my home) where I didn’t have ANY BEFORE THE MOVE. I ended up using several of your ideas and didn’t even realize it. I have subscribed to your website to keep updated on any additional ideas/information on income generation!! Thank you for taking the time to put this video together. It is so needed 🙏🏾

  • @jmdjmd3214
    @jmdjmd3214 8 месяцев назад +2

    Thank you so much for being so positive, to give practical advice and encourage so many despondant anxious people who dare not beleive in an pleasant" old age" future.

  • @Savannah-ed4rv
    @Savannah-ed4rv Год назад +9

    Thank you so much for this video! It's so encouraging to see so many ideas and one place that are not based on wanting to be a millionaire entrepreneur! I could see myself looking at several of these ideas so thank you very much 😊

  • @ninamgtez
    @ninamgtez Год назад +4

    Thank you for all your generous and free information. I learn from you alot. God Bless you and your beautiful family.

  • @guruthossindarin3563
    @guruthossindarin3563 Год назад +9

    I'm thinking about living out-of-country on social-security while letting my IRA grow, then returning to the U.S.A.

  • @ethanwaynebell
    @ethanwaynebell Год назад +12

    This is such good information! Maybe in retirement I will give fly fishing lessons.

    • @margauxv25
      @margauxv25 11 месяцев назад

      That's a great idea

  • @RuralmoneyOfficial
    @RuralmoneyOfficial 11 месяцев назад

    Thank you, Mr. Martinsen. I really do enjoy your videos! I am faced with some challenging decisions, so your ideas and guests are making it easier!

  • @dianelim1655
    @dianelim1655 Год назад +9

    Loved your own lovely family story.

  • @SimpleeYours
    @SimpleeYours Год назад +8

    Great video! Thanks for the retirement income ideas.

  • @valerielloyd655
    @valerielloyd655 Год назад +15

    Thank You Sir for this informative and encouraging video. This was a right now video for me and it was confirmation as well for my life. Please continue to educate us and you and your family Stay Blessed❣️

  • @judithbuchanan9566
    @judithbuchanan9566 Год назад +8

    New follower here 👋🏽.
    I LOVE your wife’s story!
    Thank you so much for sharing 🙌🏽✌🏽.

  • @laurice8056
    @laurice8056 11 месяцев назад

    Very sound advice given in such a calm and reassuring manner. I’m a new subscriber. Thanks for sharing!

  • @cherylwooten7831
    @cherylwooten7831 11 месяцев назад +1

    Thank you for sharing these creative and inspiring ideas!

  • @raineynight
    @raineynight 11 месяцев назад +3

    I really appreciate this info and your insight. Thank you

  • @adrianehill8291
    @adrianehill8291 11 месяцев назад

    As always, it is a great informational, inspiring, and encouraging video. Thank you!

  • @jmjcc5
    @jmjcc5 Год назад +3

    I love your wife’s experience. Thank you for the video.

  • @sheilagardner5199
    @sheilagardner5199 11 месяцев назад +1

    Such great information! Thanks so much!

  • @amaliamorales5606
    @amaliamorales5606 5 месяцев назад

    Thank you for the tips. I'm looking forward to more .

  • @elsaflores4481
    @elsaflores4481 11 месяцев назад +1

    Thank you for such great information. Bless you.

  • @MyNmeIsJordan
    @MyNmeIsJordan Год назад +3

    Great video! Thank you!

  • @suzannemarieclinton1635
    @suzannemarieclinton1635 10 месяцев назад

    I like your channell. It provides straightforward helpful advice.

  • @giselerenaud575
    @giselerenaud575 11 месяцев назад +1

    Thank you for great advice. I will think about it.

  • @Digitalmedia4less
    @Digitalmedia4less Год назад +3

    Great video and powerful message. I'm now a follower. Keep the great content coming.

  • @almaalcantara9620
    @almaalcantara9620 11 месяцев назад

    This video is very encouraging. Love it!

  • @Humester12
    @Humester12 Год назад +4

    Great ideas! You always explain things so coolly and thoroughly. Some of these ideas i have thought on my own like renting out to Airbnb or renting out the basement. I am thinking of creating a website to promote my IT web-building services.

  • @adetutuoke395
    @adetutuoke395 4 месяца назад

    Thank you so much all your encouragement. God bless you richly

  • @wendykornfein3337
    @wendykornfein3337 Год назад +3

    Very helpful. Thank you.

  • @suekay5782
    @suekay5782 11 месяцев назад +1

    I'm in the UK, but I really liked the way you presented this, very useful, thanks.

  • @kennedynthiwa5100
    @kennedynthiwa5100 11 месяцев назад +2

    Very informative presentation. Loved it

  • @v.ktjiueza2870
    @v.ktjiueza2870 11 месяцев назад +1

    Even though I'm not on my retirement age,I will keep the whole information in my mind, because it's loud and clear, I wish you will become my academic lecture.👌👌

  • @Tammymarine
    @Tammymarine 11 месяцев назад

    Thank you for trying to help people and provide hope! :)

  • @thomasjohnlynch
    @thomasjohnlynch Год назад +6

    Now I am having to get a frame for the CS Louis quote about homemakers. 😂

  • @luisalomavatu3514
    @luisalomavatu3514 Месяц назад

    Amazing vìdeo. Appreciate the challenge and encouraging talk .

  • @araceliperezdelavega8833
    @araceliperezdelavega8833 11 месяцев назад +1

    Thanks for this excellent and free advice it is very helpful

  • @jessicagomez7712
    @jessicagomez7712 11 месяцев назад +1

    Thank you . That was en encouraging. I need it that.

  • @jhoycealamer6839
    @jhoycealamer6839 11 месяцев назад +1

    Thank you for this i happend to just being curious about your show i ended up writing it down for my ideas little notebook 😊

  • @macopa12
    @macopa12 4 месяца назад

    Thank you for the tips and encouraging ideas. This is a very helpful video.

  • @roberthutchison8416
    @roberthutchison8416 9 месяцев назад

    Thanks so much, you really make a scary subject something that we can all talk about and handle when proceeding carefully.

  • @emmamartinsen1309
    @emmamartinsen1309 Год назад +3

    Great video!

  • @wlpang1896
    @wlpang1896 11 месяцев назад

    Thank you for the great video and advise.

  • @BlakeRobert777
    @BlakeRobert777 6 месяцев назад

    Thank you so much for the motivation.

  • @angelineweerasinghe366
    @angelineweerasinghe366 11 месяцев назад +2

    Thank you .Great👍 keep it up.

  • @Prayers-on-Fire
    @Prayers-on-Fire 10 месяцев назад

    I enjoyed the advice, and great video!😁💗

  • @francisgomes2335
    @francisgomes2335 11 месяцев назад +1

    I am exactly at the stage now, like you described above! Your talk has motivated me to do something. Thanks

  • @marthadominguez7701
    @marthadominguez7701 10 месяцев назад

    Thank you very much for giving us ideas.

  • @accuratetaxes5504
    @accuratetaxes5504 11 месяцев назад

    Thank you so much! Great Ideas

  • @chandrakowlessar5790
    @chandrakowlessar5790 7 месяцев назад

    Very encouraging.Thank you.

  • @josephineatieno2600
    @josephineatieno2600 11 месяцев назад +1

    Wonderful Suggestions

  • @floaretudorache9287
    @floaretudorache9287 Год назад +1

    Thank you for doing this

  • @abigailfolowoshele3527
    @abigailfolowoshele3527 11 месяцев назад

    Thanks 🙏 so much for this wonderful ideas. So relevant to my situation. God bless you.

  • @missymyers7043
    @missymyers7043 11 месяцев назад +9

    We’ve never owned a property we are 65 and 58 no children. We rent and are both self employed and have no investments or retirement yet no debt. However, It feels like we failed life. My husband is 65 and has done the same construction type job for 40 years and he can no longer physically do it and doesn’t know what to do. It is very overwhelming, scary and feel very alone.

    • @FinancialFastLane
      @FinancialFastLane  11 месяцев назад +2

      You may find this video helpful ruclips.net/video/VYWLNoQPZCQ/видео.html

    • @missymyers7043
      @missymyers7043 11 месяцев назад +1

      @@FinancialFastLane thank you for taking the time to respond. I will listen with my husband this evening. Best, Missy.

    • @evaallen9728
      @evaallen9728 11 месяцев назад +6

      If your husband is willing you can start a RUclips channel to teach some of his skills. It takes time to grow a following but you can do it together and may find it is fun. People want to do DIY projects but need guidance from a pro like your hubby.

    • @missymyers7043
      @missymyers7043 11 месяцев назад +1

      @@evaallen9728 Thank you for the words of encouragement! He mostly did roofing so not really a DIY project…however he does know how to do other construction projects. Something to ponder for sure!

  • @halcyondays816
    @halcyondays816 Год назад +3

    Awesome information

  • @ramkrishnasapkota9587
    @ramkrishnasapkota9587 11 месяцев назад

    Excellent ideas! Thank you so much for sharing!!!

  • @kathleenetchison7539
    @kathleenetchison7539 9 месяцев назад

    This was extremely inspiring! Thank you! 💕🙏🏻💕

  • @stephaniegoldman5830
    @stephaniegoldman5830 11 месяцев назад

    This is soooooencouraging thank you!

  • @timbawangu3038
    @timbawangu3038 11 месяцев назад +1

    Great content ❤

  • @serenitypeaceandcomfort3669
    @serenitypeaceandcomfort3669 11 месяцев назад +7

    I'm seeing such ageism in hiring practices-it's frightening.

  • @JH-hc5dv
    @JH-hc5dv 3 месяца назад

    Wonderful!!! Thank you.

  • @michaelezekiel3506
    @michaelezekiel3506 11 месяцев назад

    Great video many thanks 😊

  • @markking3755
    @markking3755 11 месяцев назад +5

    the best strategy you can have for retiring is to get completely out of all debts you have if its something that is able to pay off then pay it off there are things you are not able to pay off at all. things like your water and garbage bill your electric bill your car insurance unless you get ride of your car that is then you would not need car insurance then things like this that you can not completely pay off at all every thing else you can pay off when you pay off all these debts then you will be able to see that you really do not need that much money to live on then so pay off your credit cards all of them then your car then your house. if you are not sure how to pay off all these things then you need to go listen to dave ramsey then on how too. this is thte most single thing you can do for your retirement before you retire.

    • @curiouscat3384
      @curiouscat3384 11 месяцев назад

      Yes yes yes! The best thing I did before retirement was to downsize to a small house I could pay cash for. My car is 20 years old and paid for but I budget $100 per month for repairs which is working well. Some years I spend zero, one year I spent $3,000! I believe those two items are at least half the budget for most people. I love the freedom from worrying about rent or mortgage. And Dave Ramsey is the best!

  • @debrahayes1520
    @debrahayes1520 Год назад +2

    Very good information

  • @modupeochim4005
    @modupeochim4005 11 месяцев назад

    Thank you for this information

  • @artisttl
    @artisttl 11 месяцев назад

    Great ideas! Thanks!

  • @samsonoluwatayo9231
    @samsonoluwatayo9231 11 месяцев назад +1

    Good content, keep it up.

  • @sherrymiller7709
    @sherrymiller7709 11 месяцев назад

    Awesome info!👍😁

  • @adenreleikumapayi7861
    @adenreleikumapayi7861 11 месяцев назад +1

    Thank you so much for the presentation. I discovered sometimes last year I've lived in a liability apartment for over 11 years. It's been difficult convincing my spouse the need to arrange for 2 unit of one bedroom apartment from the present apartment to earn extra money now and in the future.

  • @fjenk123
    @fjenk123 11 месяцев назад

    Thanks. Good content. ❤🎉

  • @lorenablanca5813
    @lorenablanca5813 11 месяцев назад +2

    Thanks so much. 🙏💕

  • @billtalkington664
    @billtalkington664 11 месяцев назад +1

    Finding side hustles, part time work or small business opportunities are plentiful. You just have to want to do it. I plan to sell my company soon and start another adventure to keep busy. But it will be part time and i love doing it. That's the most emportant. Enjoy what you do.

  • @janetmumbasapau6413
    @janetmumbasapau6413 11 месяцев назад

    Actually I had an idea of renovating my small apartment to give me extra income now that I have heard from you sir I feel more motivated. Thank you for speaking to me

  • @suniphagluaymai5756
    @suniphagluaymai5756 Год назад +2

    Thank you 🙏

  • @user-vx4pl6mv2k
    @user-vx4pl6mv2k 11 месяцев назад +1

    Thank you.

  • @evaallen9728
    @evaallen9728 11 месяцев назад

    These are some great tips. I have a long enoigh time until retirement but am always looking to increase my retirement savings. We can start some of these suggestions now. New Subscriber. Much love from Canada. 🇨🇦😊

  • @jefferyhartwell9102
    @jefferyhartwell9102 11 месяцев назад

    Awesome thanks

  • @audreayoung7527
    @audreayoung7527 11 месяцев назад +2

    Thank you... my dream job is that of your wife's... you both opened my eyes and given me renewed vision... I will be enrolling in midwifery school as soon as I have all the details. I have been praying about this for so long... I asked God for directions....and he sent you.
    I just came across your channel and decided to listen. Thank you... I am 50, and it's not too late 😊
    P.S. it's much deeper than I write in this comment😢
    May God continue to bless you in all your endeavors.

  • @user-zn4je5oi8d
    @user-zn4je5oi8d 11 месяцев назад

    Ευχαριστώ πολύ 😊

  • @tezperalta1856
    @tezperalta1856 9 месяцев назад

    Thank you

  • @b.leeconner8682
    @b.leeconner8682 10 месяцев назад

    Thank you for encouraging us to think out of the box, I have some ideas I want to try out. And I've been busy taking care of my family and working.
    So while I'm doing all I can for my family, I am going to take some time for myself to make my passion into a business. I just made 62 August 4, it's time. I still work for an employer and I'm doing some reading on the side hustle I want to do.
    God Bless You for encouraging us baby boomers to continue our lives.❤😅❤

  • @matildakusy
    @matildakusy 23 дня назад

    Thank you so much Sir

  • @bigrichdude
    @bigrichdude 11 месяцев назад +3

    Just move to SE Asia and live on $1,000 per month. And super nice people. No Mass shootings.

  • @bennied2757
    @bennied2757 11 месяцев назад

    Thanks!

  • @lindabohl2454
    @lindabohl2454 11 месяцев назад

    Thanks ❤!

  • @alicenanjuwa4364
    @alicenanjuwa4364 Месяц назад

    This is one of senior encouraging content I have come across. Great video. I am 60, living in Africa, still working and I would love to quit work. I love my job but with age, it is draining as it requires alot of energy. I am tired but I have no realistic savings. I have alot of talents from baking, smoked foods and tailoring and designing. Hope I can make out something.
    Thank you so much

  • @wt3435
    @wt3435 11 месяцев назад

    I m 62. Retiring soon. Thank you❤

  • @BeHappy-rq9ql
    @BeHappy-rq9ql 11 месяцев назад +1

    Boss thank you... 🙏

  • @kimrodriguez1698
    @kimrodriguez1698 10 месяцев назад +2

    Thank you for sharing your creative ideas. First of all It's a relief to know that I'm not alone in having a shortfall in my retirement savings accounts. Time to move forward!

  • @Avacadofrommexicoyeah
    @Avacadofrommexicoyeah 2 месяца назад +1

    ADUs not allowed in most places but they should be