Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.
@@MelindaMatsuda I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2020, I was having an investing nightmare before touching base with an advisor. In a nutshell, I've accrued over $2m with the help of my advisor from an initial $350k investment.
@@KacieLehman Victoria Carmen Santaella' is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.
That's what I tell everyone. They say: i dont want to be old and with money, instead young and spend. I tell them that young life is short compared to the old life. And the older life becomes expensive because of health. They say if i die im dying with nothing, I tell them if you don't die you will suffer. People are living longer nowadays. That the money they make right now, won't be anything 20-30 years from now.
Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!
Lately I've been considering setting up an investment account for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing, please I could really use some guidelines.
@@elizabethantonaccio3835 I highly suggest you get in touch with a coach or mentor to guide you on the best possible steps to take, that’s the most ideal way to jump into the market in these uncertain times.
@@dodgebull3793 I agree with this, Investment coaching sounds like a great idea, thought about it before but never knew how to go about it, Have you used a coach? what is the experience like?
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?
Consider diversifying your portfolio across various market sectors. This approach helps balance your investments and mitigates the risk of significant losses.
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.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti 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.
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
They are living like poor people on the verge of being destitute. Who really wants to live the rest of their lives stripped of any significant material comforts? This is not a financially secure lifestyle..
@Shay Moncrieffe stop assuming. Maybe they are happy, but based on his reasoning being that he basically hated his job, it’s not likely that they genuinely wanted this lifestyle vs just wanting to escape his job as soon as possible with what minimal resources they had.
There's some good info here but a billionaire is very disconnected from the realistic possibilities of a normal person. I'd rather hear from others that are retired early. These people are going to do fine and they're happy to boot...
They have retired but it’s a constant squeeze obviously. Anyone would rather have 1-3 mil and get returns of 100-300k a yr. Not disconnected he’s talking realistically
@@blanket1309 He still seems to have missed some of the point, though, and also be hubristic that he is in any position to be critical of how people decide their own values ... so long as nobody is getting hurt, anyway.
The past 18 months or so with the continual lockdowns, protests/riots, and people snitching on one another has really changed my mind on what I want my future retirement to be. Living in the middle of nowhere and being able to do what you want & when you want sounds like paradise to me.
I worked for myself for 25 years and now I’m 64 and semi-retired (work 2 or 3 days a month). I don’t want a 2nd career and don’t want a job. We have enough money and I have no ego that needs to be stroked. What will keep someone like Kevin working is ego, the need to feel important. He can’t understand anyone who doesn’t think that way.
So true. I lost my only parent at 19 and I learned immediately how arrogant and egotistical hard workers are, even though they don’t realize how quick life can change without your consent. I couldn’t care less and am happiest in the woods. Work is needed but it’s sad when someone doesn’t have an identity if you remove their job
I work three days a week and on my days off I am always busy. My wife works 20 hours a week and always finds something to do. We will work for another 10 years before retiring. We would like to spend half of our time in Hawaii and the other half in San Francisco. Our goal is to retire with $5 million in the bank and both homes paid off.
I agree with Kevin, the term retirement doesn't really apply even though the concept has only become a reality within the last 50 years or so. I think most people are striving for financial independence that allows them pursue their goals. I think most people don't realize you need to have plan to make your dream lifestyle happen and remember this will be different for everyone. The key is having someone to dream and take the journey with you.
I think it’s fine to retire alone, but when people want to retire early; they usually just want financial freedom. They will usually still work or start a buisness, but they can actually focus on starting a business, because they have retired early.
I want to retire at 35. Not because I think ill be totally secure by then, but because I genuinely think the planet will be too screwed for me to enjoy it in 30 years time
@@drewskij2175 mixture of things. The environments pretty buggered already from what I've noticed travelling the last 10 years. Can't see it looking great in 35 years when I'm 65. So I'm enjoying it now.
Im set to retire next year, and Im turning 38 this fall. This will be the American dream that I had since i was 10. I hope you guys will reach your financial freedom like Myself. Keep investing guys!
Can somebody buy a new camera for Kevin O'Leary's home studio? I am willing to order one if you can share his home address. I like his videos and stories, but the video quality is not the best.
@@yuviamendoza4317 Maybe he has that much because continues to live frugally (joking, I know he makes a lot). There are many things I like about O'Leary starting with red band wrist watches and ending his immense entrepreneurial experience. I would like to invest in good quality of camera for him, just so more people can watch videos and benefit from his advice. My offer is still stands.
I have been watching A Streamin’ Life videos for a few years. I really admire Courtney and Steve. They are sharp, bright, and have figured out how to life their “best” life. Kudos to them!
I live on the outskirts of a smallish city next to many small towns, and I can tell you that many people absolutely love not living in the city. Low crime, clean air and water, the ability to own your own home and land at a more reasonable price, quiet nights instead of getting buzzed by helicopters or having your windows shaken by passing trucks and cars and buses, beautiful views ... everyone's different, but one difference is not necessarily superior to another. It just depends what you want.
well you enjoy your high crime, rampant drugs on the streets, high dropout rates, high cost of living and others like myself will enjoy peace and quiet, nature and a much cleaner living.
@@drewskij2175 Yikes. That’s a very skewed view of city living. How would you like someone to tell you to enjoy dying of a heart attack because the ambulance can’t get to you on time? To each his own, man. To each his own.
yes my investment curve is nice , finding a portfolio manager is a very difficult task right now considering the facts that there are a lot of fake ones out there
I was forced into a “retirement” for several years due to severe health problems. I was used to engaging in research and studying challenging topics, while also traveling the world on long vacations. Once I had to leave all that behind, life was dull and I had to take up numerous hobbies to keep my brain happy. Now I’m becoming an entrepreneur & it has been a great learning experience so far. I hope to keep learning new things for the rest of my life, never to get stuck in a rut.
Totally agree. The word “retire” is not applicable in many cases where people leave their jobs to pursue other passions and interests. However, I would not call work to something you love doing and in some cases even makes you money. Instead of “early retirement” I would call it simply “happy living”
Agree. It easy to say but I reckon if I won the lottery for 100mil I'll be investing and still working. Not the same hours and as much manual labour, also doing what I enjoy but I see myself still working 30+ hours a week
My wife and I both switched to part time work. It feels as though we are semi retired now. The both of us still have six figure incomes and work a combined total of 56 hours between us. We are hoping to be able to work part time for ten more years before retiring fully.
I worked for 3 years right after college. Quickly found out I CANNOT work until 65 like my dad. I'm switching to software engineering and plan to retire around 40. I'm not a worker lol nice points about not timing the market Kevin. I don't time the market. I let my life happen and I do what's the right thing with my money. I'm an investor, not a trader
You'll be burned out way more quickly in the software engineering field assuming you are gonna start your career with development. Yes you can earn a nice salary there but Deadlines after deadlines make you feel exhausted and it gets hard to balance your work life with your personal life.
@@wahidmondal6888 There are always deadlines, no matter which career path you choose. Whether you work for a company or freelance/sole trader, office job or do manual labour.
I don't agree that they are timing the market, the savings they have is a large amount of money (maybe not to Kevin) but it prevents them from being at the mercy of the market and having to sell any positions at a loss.
Yeah, it's definitely a relative term, and it all comes down to how down to the wire you're willing to get in terms of when you sell shares. Any money sitting in your savings account isn't earning you a return, but anything still in the market is at the mercy of a sudden correction or crash. It sounds like they probably have a year or two of income in cash, which is enough to hold out through a typical bad quarter or two, so that's a sound strategy IMO. Honestly, my risk tolerance is pretty high so I wouldn't even keep that much cash on hand, probably more like 6 months of expenses. I'd probably get bitten during a recession but I can weather a bad quarter or two - but I'd also have the upside of more money earning returns at any given time.
Kevin made good points on the (traditional) retirement mindset. We often feel the urge to retire because we tend to have jobs/careers we don’t like. Once one finds their Ikigai (look it up), they could work forever and not even mind, unless health issues prohibits them, of course. With that being said, I do not know this couple personally, so maybe they DO have ways to stay mentally sharp and avoid the intellectual lethargy often associated with typical retirement. They seem to have found what works for THEM and I believe that’s the point of these videos: to go with what works best for our own overall well-being.
I think that's very individual. Some people are the life of the party but the moment the house empties out, they deflate like a balloon and can't stand their own company. Some feel compelled to read and learn and some are fine with literally starting at a wall all day. People who are directed entirely by and toward the external may have a hard time once their life quiets down in retirement. Others will finally find the free time and excess energy to do what they've wanted to do more of all their lives ... or even discover new horizons within themselves to work towards. It's really pretty random what kind of person anyone you look at might be.
When the lady said "...working the little jobs we do..." I knew they were not actually retired. They just have a different job and lifestyle. I don't consider it to be a retirement unless there is zero money-earning involved.
Retiring is NOT boring... there are many many things to do. News flash...we're all going to die. Sell (take some profit) in up markets. IF 60-80k is not enough in savings to outlast a market down turn, then put in more. Almost everyones net worth dropped during the several months of pandemic. Personally, I would not buy an RV and travel around. Many costs associated with that. I would take a pickup truck and do tent camping. Just as fun and more places are accessible. Can't comment on the living off the grid. I sold everything I owned and moved to Asia with 2 suitcases. My housing costs are $300 for a nice place that would cost me about $1,100-1,500 were I used to live. My primary mind engagement is managing my own portfolio. I exercise every day and eat healthy food.
Agreed- to each their own and making sure you have a financial strategy to live the life you envision and with them as a couple making sure they are on the same page and they both agree on the same vision. Looks like they are happy doing their thing!
Mr. Wonderful keeps saying if you’re not working you’re dying. I’d argue that living a life of traveling to new places and taking care of your land is more mentally stimulating than sitting in a cubicle working a customer service job. It doesn’t look like they’re sitting around watching TV all day. Kevin has good advice for some things but he’s disconnected from the regular worker and the monotony of some jobs.
This couple is obviously very smart. They have a ton of money, only bought things they can afford, and planned out the rest of their life based on the cash/life they want. Most people wanna retire early with no plan, hate their life, go broke, and die early.
Something important to note is that retirement DOES NOT mean that you sit around all day and do nothing. If that's what you do if you retire early, well you are probably a boring person anyways. Many people have this strange idea that retiring early means that you do nothing. You can do things like travel, volunteer, learn a new language, go to sporting events, concerts, interesting conferences, intramural sports and so many other activities.
Too little to retire on... Cash is unpredictable and can easily become much less if not put to good use. 3 surprisingly easy ways to hold and possibly double this without doing much; cripto, gold, someone give me the third....
Has to be stockk. It has been so wonderful and fulfilling after I met a pro from a reputable firm earlier this year. Retiring by next year with no fear whatsoever.
@@NathanLewis7871 Thats really impressive. Have tried doing that on my own for sometime now without success. Always in the red and getting fed up by the day. Suggestions? Do talk o me thanks
@@paulinescholes6797 You can check-out "Sandra Yvonne Webster" she was in the papers when she revived Manning and Napier and is a genius in the game.
I find it funny when people say this because most of America retires with only 1.5k a month in social security and nothing saved. So 800k is doing very good. Also it's not subjective it's either enough or it isn't mathematically and it is shown here how it is enough.
A good income and no kids is a huge part of this lifestyle. They also clearly have an education that means if they want to work they can jump back into a comfy lifestyle
Everyone who enters the market, intending to sell at some point in the future, is timing the market. We all time the market. The only difference is time horizon.
True, but he has a fair point. If your goal is to draw reliable income from your investments, it might make sense to make consistent, automatic withdrawals. Sometimes you'll be up, sometimes down, but over the remainder of their lives (possibly 4-5 decades), it averages out to a gradual upward trend. Otherwise, every time they need to replenish their savings, they're basically playing roulette and hoping they can sell shares at maximum gains before their savings run out.
I think as long as they have enough passive income I think it's fine to retire early, especially if they also live debt free and have their home paid off
It's safe, so long as they're comfortable with scorpions. The nights get cold in the winter due to lack of moisture in the desert air but their fireplace will suffice. The biggest risk is how long emergency services will take to get to their house.
Billionaires want people to be on the grid so that they can have employees. They want people invested in the system for their properties and business to go up in value. I just took a trip to Navajo Nation and saw monument valley, etc and the Navajo people are still living like the old days and they r happy.
Kevin you are so cool, I love the way you complimented him on being pragmatic. Thanks, you added some great insights & commentary to this unusual video.
I’m a 63 yr old happily married guy who works a full time career (which I love!) and have 2 part time jobs teaching at 2 local business schools. No intention of slowing down.
Well, as he says, pursuing a passion can occupy someone. I'd go further and say one of our life's missions is to find one. Why presume this retired couple is "doing nothing"? They are probably occupying their minds and spirits with things they enjoy rather than staring at the wall. Otherwise, why would they be doing this or even wanting to do it? Especially with the internet these days, you don't need things like a library to read books, a movie theater to see movies, even a television to watch the news or magazines or newspapers to read it. What is true is that engaging with people is difficult when you're in the middle of nowhere, though. But plenty of couples find their sociability primarily within the couple itself, so as long as they've got that, they're covered. Grown kids they can visit and skype, if they have them, just like anybody else.
I have a hybrid job. I depend at contractor for a financial services company. NOT publicly traded. Work about 30 hours per week. After expense, before tax, income of about $250k annually. Like my 30 hours per week. The key is I do not have the risk of an entrepreneur, but the upside of commissions.
Kevin you do not have to work 25 hours a day 7 days a week. I had my own business during 1980s I did just fine and I actually just worked about 6 hours a day. I was able to take care of a mortgage my wife and my four daughters.
It's called living in the sun haha but in all seriousness, Kevin is worth $400 million. You think he doesn't use at least a bit if that to look a bit younger? Especially when recording a bit for tv/Internet
I know Kevin's job is to talk, but there are a lot of stupid East Coast city assumptions being made here - rural living does not = disengaged or unstimulating. I am 100% sure that they are engaged in other activities or projects, maybe ranch related. And they are likely near a small community. It definitely sounds like they're engaged in a form of Lean FIRE, where they are both doing jobs or side hustles where they make some money, but have flexibility to do what they want.
Not for me either. I love working so I can’t imagine sitting around all day doing nothing. I’m currently a hairstylist-any time I ask an older person if they’re retired they often times say “no way, I’ll never retire. I had friends who retired and then died because they weren’t doing anything.”
That's why it's called Financial Independence, Retire Early. You don't have to retire, but if you are really mindful of how you spend your money, you open yourself up to opportunities like owning your own business and being your own boss.
@@Jebusankel of course and I get that. They just seem to not do much of anything, that’s what I’m saying isn’t for me. They’re probably homebodies and I am very much the opposite and it appears Mr. Wonderful is as well.
Retiring DOES NOT mean that you sit around all day and do nothing. I don't understand why many people think that retiring means that you sit around and do nothing. You can volunteer, travel, go to interesting conferences and fun events, etc.
@@btw-3006 yeah I get that. I’m talking on more of a day to day level. And many people think retiring means sitting around all day because most retired people sit around all day. I do hair so I see about 200 new people a month who sit in my chair, I’ve done hair for 11 years so I’ve met THOUSANDS of people and had THOUSANDS of conversations with people in all walks of life. Most retired people do nothing, not all, but most. By and large, folks who work until later in life and continue to stay busy live far longer than those who don’t.
@@amandawalker1196 what age range do these retired people that you are talking about fall into? I have a feeling that’s a big factor with regards to if they sit around and do nothing all day, instead of traveling, volunteer, staying active, going hiking, etc. I think that young retirees are more likely to not sit around all day and do nothing compared to old retirees
Kevin says they need to work and keep busy, but I think keeping their homestead running and all the travelling is plenty to keep them occupied and mentally sharp. It's not easy to keep a remote house maintained on your own
Man oh man oh man, 870,000 for the REST of their lives…? That is a constrained lifestyle if I’ve ever heard of one. Better hope there’s an absolute knockout market in the coming years, otherwise that nest egg is not lasting very long. I guess living in what is essentially a utility shed can’t be expensive, so maybe they have the right idea
Love it Kevin, just honest and giving what u could live with and what you didnt like but HONEST........awesome react vid. Some react and try to criticize the vid to make them look better, this react vid was cool. Every is happy except the dog, lmao.
I agree with Mr. Wonderful regarding retirement. If u stop at 65, ur body will go with u. Sharp people in their 90's never stop in life. They always have something to do everyday.
I don't trade I invest with a professional assigned by a crypto company that trades for us and returns profits on weekly basis for me and you can invest your capital and get weekly returns of investment (ROI) without any extra fees attached,
Obviously they like it where they are. You don't out that much planning into your retirement then travel the entire country in an airstream without thinking about where you want to be. I think your question is implying that their money could go further or buy them a different lifestyle abroad, but they seem happy with what they have. Why chase "more" into unfamiliar territory if you're already settled into a home and happy?
💯 we bought Land I'm in AZ last year for this precise reason. I'm working on building up my bot so we can go off full-time recession proof. But we are close to a semi large city 50k plus pop an hour away
Kevin O Leary is making millions for his time Why would he want to retire? They were making good money but not enough to justify them to continue working so long and hard That's understandable I would love to have more time to work on my health and happiness without being tied down to any place or schedule because of a job 2 days off in a week is depressing 😢
Retiring early for people like us really is not about just doing nothing all day. It just means you don't HAVE to earn money. Nobody is sitting around doing nothing (we'll, not for long anyway) . You learn new skills, new hobbies, new languages, travel, see friends and family a lot more. Its basically creating for yourself, what life could be like without capitalism... Using capitalism haha
Selling in an up market works if you sell once a year based on prior yesrs performance, this is what i do, if the market was up 10% last year i’ll sell 5% and use that cash for the next year and save what cash i don’t use for down years and CD ladder most of my cash.
So a one-time $28k investment in some solar panels can power that house indefinitely? Interesting. What happens if they go over the electricity usage limit for whatever reason? Is excess energy stored in like a generator somewhere?
![Lil Uzi Vert - Chill Bae [Official Music Video]](http://i.ytimg.com/vi/D7F42F_JM3U/mqdefault.jpg)
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.
@@MelindaMatsuda I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2020, I was having an investing nightmare before touching base with an advisor. In a nutshell, I've accrued over $2m with the help of my advisor from an initial $350k investment.
@@JoeWilmoth-k2w Please can you leave the information of your investment advisor here? I'm in dire need of one.
@@KacieLehman Victoria Carmen Santaella' is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.
@@JoeWilmoth-k2w Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
Before choosing to retire early, remember some sound advice: you can afford to be broke when you're young, not when you're old.
True
That's what I tell everyone.
They say: i dont want to be old and with money, instead young and spend.
I tell them that young life is short compared to the old life. And the older life becomes expensive because of health.
They say if i die im dying with nothing, I tell them if you don't die you will suffer. People are living longer nowadays.
That the money they make right now, won't be anything 20-30 years from now.
Do they have kids? I thought not. Things like these are easier without a 16-17 year commitment to raise other human beings.
@@majortakleef8445 16 to 17? Most middle class kids go to university, now, and often go on to advanced degrees. Tuition is not cheap.
@@majortakleef8445 I would hope the commitment would take a good deal longer than that, if not forever.
Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!
Lately I've been considering setting up an investment account for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing, please I could really use some guidelines.
@@elizabethantonaccio3835
I have the same fear too because I think I'll make a mistake
@@elizabethantonaccio3835 I highly suggest you get in touch with a coach or mentor to guide you on the best possible steps to take, that’s the most ideal way to jump into the market in these uncertain times.
@@dodgebull3793
I agree with this, Investment coaching sounds like a great idea, thought about it before but never knew how to go about it, Have you used a coach? what is the experience like?
All power to the Soviets! End capitalism, and capitalists, now.
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?
Consider diversifying your portfolio across various market sectors. This approach helps balance your investments and mitigates the risk of significant losses.
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.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti 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.
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
They had a plan and worked towards it. Their lifestyle isn't for everyone but you can't knock the execution of their plan.
Their execution sucks because they are not accounting for risk.
They are living like poor people on the verge of being destitute. Who really wants to live the rest of their lives stripped of any significant material comforts? This is not a financially secure lifestyle..
@@TWN321 there bills are paid forever and they own the house. They are doing great.
@Shay Moncrieffe stop assuming. Maybe they are happy, but based on his reasoning being that he basically hated his job, it’s not likely that they genuinely wanted this lifestyle vs just wanting to escape his job as soon as possible with what minimal resources they had.
@@TWN321 You'd be surprised how little we need to be happy
"Everyone is happy except their dog" 🤣🤣 the low-key shade.
High key shade
I chuckled at that comment!! LOL
What did he even mean by that though?
🤗I spend my retirement helping with Grandkids, so fulfilling. I do casino trips and travel a little. So happy 🤩
Be careful on the casino though
Less casino more travel
That sounds like a dream! 😇
There's some good info here but a billionaire is very disconnected from the realistic possibilities of a normal person. I'd rather hear from others that are retired early. These people are going to do fine and they're happy to boot...
Kevin ain’t a billionaire
@@lmd499 irregardless you get the man's point.
They have retired but it’s a constant squeeze obviously. Anyone would rather have 1-3 mil and get returns of 100-300k a yr. Not disconnected he’s talking realistically
He is a small fraction of a billionaire
@@blanket1309 He still seems to have missed some of the point, though, and also be hubristic that he is in any position to be critical of how people decide their own values ... so long as nobody is getting hurt, anyway.
The past 18 months or so with the continual lockdowns, protests/riots, and people snitching on one another has really changed my mind on what I want my future retirement to be. Living in the middle of nowhere and being able to do what you want & when you want sounds like paradise to me.
What lockdown? Nobody locked ME down.
@@joevarga5982 cringe
@@Noakesunderscorey 👈 Troll
I worked for myself for 25 years and now I’m 64 and semi-retired (work 2 or 3 days a month). I don’t want a 2nd career and don’t want a job. We have enough money and I have no ego that needs to be stroked. What will keep someone like Kevin working is ego, the need to feel important. He can’t understand anyone who doesn’t think that way.
So true. I lost my only parent at 19 and I learned immediately how arrogant and egotistical hard workers are, even though they don’t realize how quick life can change without your consent. I couldn’t care less and am happiest in the woods. Work is needed but it’s sad when someone doesn’t have an identity if you remove their job
you start wokring at 39?
I work three days a week and on my days off I am always busy. My wife works 20 hours a week and always finds something to do. We will work for another 10 years before retiring. We would like to spend half of our time in Hawaii and the other half in San Francisco. Our goal is to retire with $5 million in the bank and both homes paid off.
You have about 18-19 yrs of life left according to actuarial life tables. Gl
I agree with Kevin, the term retirement doesn't really apply even though the concept has only become a reality within the last 50 years or so. I think most people are striving for financial independence that allows them pursue their goals. I think most people don't realize you need to have plan to make your dream lifestyle happen and remember this will be different for everyone. The key is having someone to dream and take the journey with you.
wise words
Just waiting for somebody to say "retirement is a right"
I think it’s fine to retire alone, but when people want to retire early; they usually just want financial freedom. They will usually still work or start a buisness, but they can actually focus on starting a business, because they have retired early.
CNBC we need more Kevin O’Leary videos 🤘
I want to retire at 55. I think that’s a good age to be able to enjoy a full life and be financially secure.
I want to retire at 35. Not because I think ill be totally secure by then, but because I genuinely think the planet will be too screwed for me to enjoy it in 30 years time
Same here 50-55 for me I think that’s enough to amass good retirement fund while still at an age to enjoy a lot of time.
@@TomBedlammusic screwed how?
@@drewskij2175 mixture of things. The environments pretty buggered already from what I've noticed travelling the last 10 years. Can't see it looking great in 35 years when I'm 65. So I'm enjoying it now.
@@TomBedlammusic I'm the same. Really torn between saving for retirement and enjoying my money now
Im set to retire next year, and Im turning 38 this fall.
This will be the American dream that I had since i was 10.
I hope you guys will reach your financial freedom like Myself.
Keep investing guys!
How did you do it?
How did u do it
Yeah Bryan how did you do it??
@@wilfredopk3080 bitcoin
@@wilfredopk3080 Check his profile picture
Can somebody buy a new camera for Kevin O'Leary's home studio? I am willing to order one if you can share his home address. I like his videos and stories, but the video quality is not the best.
He has hundreds of millions of dollars and you want to buy him a camera? LOL
@@yuviamendoza4317 He will order, no mention of pay my friend! LOL
@@yuviamendoza4317 Maybe he has that much because continues to live frugally (joking, I know he makes a lot). There are many things I like about O'Leary starting with red band wrist watches and ending his immense entrepreneurial experience. I would like to invest in good quality of camera for him, just so more people can watch videos and benefit from his advice. My offer is still stands.
@@yuviamendoza4317 🤣🤣to each it’s own
@@bogdandykyy3969 bro what do u do to be able to just give someone a camera because I can’t even give myself a camera to start my own channel... 😅😔
I have been watching A Streamin’ Life videos for a few years. I really admire Courtney and Steve. They are sharp, bright, and have figured out how to life their “best” life. Kudos to them!
I retired at 48. After a couple of years of being dad the taxi driver, I went back to work. Not because I had to but because I needed to
Just get a random part time job if your bored, problem solved
I swear l cannot be bored to the point of wanting to work! I seriously can’t relate.
I got to agree with Mr. Wonderful here…I would much rather live where there’s people than in the sticks especially when I’m older. Great video!
That's the beauty of "choice." You get to choose what's best for you.
I live on the outskirts of a smallish city next to many small towns, and I can tell you that many people absolutely love not living in the city. Low crime, clean air and water, the ability to own your own home and land at a more reasonable price, quiet nights instead of getting buzzed by helicopters or having your windows shaken by passing trucks and cars and buses, beautiful views ... everyone's different, but one difference is not necessarily superior to another. It just depends what you want.
well you enjoy your high crime, rampant drugs on the streets, high dropout rates, high cost of living and others like myself will enjoy peace and quiet, nature and a much cleaner living.
@@drewskij2175 Yikes. That’s a very skewed view of city living. How would you like someone to tell you to enjoy dying of a heart attack because the ambulance can’t get to you on time? To each his own, man. To each his own.
@@free22 I live in a world of truths. And your analogy does not relate to my statement, not one bit.
Lots of wise words here that most people don’t come to realization until they are old or retired.
From the couple of from Kevin?
I want to wake up one morning and see $100,000 in my Portfolio I know it's possible
yes my investment curve is nice , finding a portfolio manager is a very difficult task right now considering the facts that there are a lot of fake ones out there
wow, i also invest with Tamara Diane Hagan a genius at her job. Made over a million buck from her service
So shocked right now because I literally heard Tamara Diane Hagan services few hours ago now I'm seeing it over here . how can i reach her please
@ Cooltura Financiera thanks for the info , found her website and it really impressive
@@jamesmaduabuchi6100 HAHAHAHAHAHAH these scammers
I was forced into a “retirement” for several years due to severe health problems. I was used to engaging in research and studying challenging topics, while also traveling the world on long vacations. Once I had to leave all that behind, life was dull and I had to take up numerous hobbies to keep my brain happy. Now I’m becoming an entrepreneur & it has been a great learning experience so far. I hope to keep learning new things for the rest of my life, never to get stuck in a rut.
Totally agree. The word “retire” is not applicable in many cases where people leave their jobs to pursue other passions and interests. However, I would not call work to something you love doing and in some cases even makes you money. Instead of “early retirement” I would call it simply “happy living”
Agree. It easy to say but I reckon if I won the lottery for 100mil I'll be investing and still working. Not the same hours and as much manual labour, also doing what I enjoy but I see myself still working 30+ hours a week
My wife and I both switched to part time work. It feels as though we are semi retired now. The both of us still have six figure incomes and work a combined total of 56 hours between us. We are hoping to be able to work part time for ten more years before retiring fully.
I worked for 3 years right after college. Quickly found out I CANNOT work until 65 like my dad. I'm switching to software engineering and plan to retire around 40. I'm not a worker lol
nice points about not timing the market Kevin. I don't time the market. I let my life happen and I do what's the right thing with my money. I'm an investor, not a trader
You'll be burned out way more quickly in the software engineering field assuming you are gonna start your career with development. Yes you can earn a nice salary there but Deadlines after deadlines make you feel exhausted and it gets hard to balance your work life with your personal life.
@@wahidmondal6888 I'm starting as developer in less than 1 month! I plan on retiring sooner than later so the stress will be around for only so long
@@wahidmondal6888 There are always deadlines, no matter which career path you choose. Whether you work for a company or freelance/sole trader, office job or do manual labour.
I don't agree that they are timing the market, the savings they have is a large amount of money (maybe not to Kevin) but it prevents them from being at the mercy of the market and having to sell any positions at a loss.
Yeah, it's definitely a relative term, and it all comes down to how down to the wire you're willing to get in terms of when you sell shares. Any money sitting in your savings account isn't earning you a return, but anything still in the market is at the mercy of a sudden correction or crash. It sounds like they probably have a year or two of income in cash, which is enough to hold out through a typical bad quarter or two, so that's a sound strategy IMO. Honestly, my risk tolerance is pretty high so I wouldn't even keep that much cash on hand, probably more like 6 months of expenses. I'd probably get bitten during a recession but I can weather a bad quarter or two - but I'd also have the upside of more money earning returns at any given time.
It’s the definition of timing the market
Kevin made good points on the (traditional) retirement mindset. We often feel the urge to retire because we tend to have jobs/careers we don’t like. Once one finds their Ikigai (look it up), they could work forever and not even mind, unless health issues prohibits them, of course.
With that being said, I do not know this couple personally, so maybe they DO have ways to stay mentally sharp and avoid the intellectual lethargy often associated with typical retirement. They seem to have found what works for THEM and I believe that’s the point of these videos: to go with what works best for our own overall well-being.
I think that's very individual. Some people are the life of the party but the moment the house empties out, they deflate like a balloon and can't stand their own company. Some feel compelled to read and learn and some are fine with literally starting at a wall all day. People who are directed entirely by and toward the external may have a hard time once their life quiets down in retirement. Others will finally find the free time and excess energy to do what they've wanted to do more of all their lives ... or even discover new horizons within themselves to work towards. It's really pretty random what kind of person anyone you look at might be.
When the lady said "...working the little jobs we do..." I knew they were not actually retired. They just have a different job and lifestyle. I don't consider it to be a retirement unless there is zero money-earning involved.
Retiring is NOT boring... there are many many things to do. News flash...we're all going to die. Sell (take some profit) in up markets. IF 60-80k is not enough in savings to outlast a market down turn, then put in more. Almost everyones net worth dropped during the several months of pandemic. Personally, I would not buy an RV and travel around. Many costs associated with that. I would take a pickup truck and do tent camping. Just as fun and more places are accessible. Can't comment on the living off the grid. I sold everything I owned and moved to Asia with 2 suitcases. My housing costs are $300 for a nice place that would cost me about $1,100-1,500 were I used to live. My primary mind engagement is managing my own portfolio. I exercise every day and eat healthy food.
Phillipines I guess.
@@shayscott7498 No, but I do travel there.
Agreed- to each their own and making sure you have a financial strategy to live the life you envision and with them as a couple making sure they are on the same page and they both agree on the same vision. Looks like they are happy doing their thing!
loved Kevin's point on retirement. it's all about finding what works best for you.
Can't wait for Graham to react to Kevin reacting!
Mr. Wonderful keeps saying if you’re not working you’re dying. I’d argue that living a life of traveling to new places and taking care of your land is more mentally stimulating than sitting in a cubicle working a customer service job. It doesn’t look like they’re sitting around watching TV all day. Kevin has good advice for some things but he’s disconnected from the regular worker and the monotony of some jobs.
I love the videos when he analyses the budgets ! Plzzz post more videos like that especially on average relatable yearly incomes like 80-150 range
Kevin made some great points. And I love how he acknowledges that even though he wouldn't do this, to each their own
This couple is obviously very smart. They have a ton of money, only bought things they can afford, and planned out the rest of their life based on the cash/life they want. Most people wanna retire early with no plan, hate their life, go broke, and die early.
Something important to note is that retirement DOES NOT mean that you sit around all day and do nothing. If that's what you do if you retire early, well you are probably a boring person anyways. Many people have this strange idea that retiring early means that you do nothing. You can do things like travel, volunteer, learn a new language, go to sporting events, concerts, interesting conferences, intramural sports and so many other activities.
Too little to retire on... Cash is unpredictable and can easily become much less if not put to good use. 3 surprisingly easy ways to hold and possibly double this without doing much; cripto, gold, someone give me the third....
Has to be stockk. It has been so wonderful and fulfilling after I met a pro from a reputable firm earlier this year. Retiring by next year with no fear whatsoever.
@@NathanLewis7871 Thats really impressive. Have tried doing that on my own for sometime now without success. Always in the red and getting fed up by the day. Suggestions? Do talk o me thanks
@@paulinescholes6797 You can check-out "Sandra Yvonne Webster" she was in the papers when she revived Manning and Napier and is a genius in the game.
@@NathanLewis7871 @Richard Evans Wow, I know Sandra. Met her once here in Houston. Great speaker and full off humour, Ms Waste no Dip
Soccer?
It is not enough money to retire, in my opinion.
I find it funny when people say this because most of America retires with only 1.5k a month in social security and nothing saved. So 800k is doing very good. Also it's not subjective it's either enough or it isn't mathematically and it is shown here how it is enough.
😂😂😂😂😂😂
Everybody’s happy except the dog 🐕 (8:08)
Mr Wonderful is very funny n honest
A good income and no kids is a huge part of this lifestyle. They also clearly have an education that means if they want to work they can jump back into a comfy lifestyle
Yea. Retiring early with no kids seems like a boring lifestyle.
@@lotto5742 only if you're majorly lacking in imagination. Working in an office for 45 years seems a lot more boring to me
@@lotto5742 ur joking right
Yean, with no kids that woman is a ticking time bomb of crazy. Crying for no reason, "I've wasted my life" --crazy.
@@TomBedlammusic Exactly. People are bored because they are boring.
He left out the part where they were making like 250k a year with no kids haha let's me real.
Doesn’t matter! I know people that have done it with half that. Excuses in my opinion
@@ruanorafa Making four times the median household income and not having children makes it a lot easier and faster.
870k is plenty of money for a lifetime. Yet, I don't want to live in the middle of nowhere.
Everyone who enters the market, intending to sell at some point in the future, is timing the market. We all time the market. The only difference is time horizon.
True, but he has a fair point. If your goal is to draw reliable income from your investments, it might make sense to make consistent, automatic withdrawals. Sometimes you'll be up, sometimes down, but over the remainder of their lives (possibly 4-5 decades), it averages out to a gradual upward trend. Otherwise, every time they need to replenish their savings, they're basically playing roulette and hoping they can sell shares at maximum gains before their savings run out.
My favorite line in the video
"Yippie yayo kayea"
I only pay $180 per year in property taxes. Not in the middle of nowhere. Boom! I'm a genius.
No school taxes??
I think as long as they have enough passive income I think it's fine to retire early, especially if they also live debt free and have their home paid off
Just curious, is it safe at where they are staying now? In the middle of desert?
Curious to understand that how in the middle of desert just 1 house exist? Can't see anything around.
It's safe, so long as they're comfortable with scorpions. The nights get cold in the winter due to lack of moisture in the desert air but their fireplace will suffice. The biggest risk is how long emergency services will take to get to their house.
Living in a major city is actually more dangerous.
Now will Graham Stephan react to Kevin O'leary reacting to this video....?
Reaction-ception!
Billionaires want people to be on the grid so that they can have employees. They want people invested in the system for their properties and business to go up in value. I just took a trip to Navajo Nation and saw monument valley, etc and the Navajo people are still living like the old days and they r happy.
I feel like she's the mastermind behind all this.. he just kind of goes along with it.
Ahaha, I thought the exact opposite!
Sounds like she wants to go
Kevin you are so cool, I love the way you complimented him on being pragmatic. Thanks, you added some great insights & commentary to this unusual video.
Kevin O'leary holding pink ipad for 9 minutes: priceless :)
So basically they are Tatooine moisture farmers. Uncle Owen and Aunt Beru vibes
Lol. Hilarious.
Instead of selling and hoping the market goes up they should position their portfolio in a way they can live off of dividends
I’m a 63 yr old happily married guy who works a full time career (which I love!) and have 2 part time jobs teaching at 2 local business schools. No intention of slowing down.
Steve, the guy in the video, was on my youtube live show last month. It is interesting to hear his personal FIRE journey firsthand!
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Well, as he says, pursuing a passion can occupy someone. I'd go further and say one of our life's missions is to find one. Why presume this retired couple is "doing nothing"? They are probably occupying their minds and spirits with things they enjoy rather than staring at the wall. Otherwise, why would they be doing this or even wanting to do it? Especially with the internet these days, you don't need things like a library to read books, a movie theater to see movies, even a television to watch the news or magazines or newspapers to read it. What is true is that engaging with people is difficult when you're in the middle of nowhere, though. But plenty of couples find their sociability primarily within the couple itself, so as long as they've got that, they're covered. Grown kids they can visit and skype, if they have them, just like anybody else.
Kevin O’Leary is killing it I can't stop laughing
Are you talking about their boating accident?
"Everyone is happy except the Dog!" Hahaha 😆 😂
You can’t only sell in up markets, but they could reduce consumption during down times.
I have a hybrid job. I depend at contractor for a financial services company. NOT publicly traded. Work about 30 hours per week. After expense, before tax, income of about $250k annually. Like my 30 hours per week. The key is I do not have the risk of an entrepreneur, but the upside of commissions.
Early retirement does not mean doing nothing. Its about doing things they like without worrying about pay grade in the back of the mind.
Kevin you do not have to work 25 hours a day 7 days a week. I had my own business during 1980s I did just fine and I actually just worked about 6 hours a day. I was able to take care of a mortgage my wife and my four daughters.
Thats the 80s. Times are different now buddy.
I must learn from you. I admire how you did it
Things are harder now than they were in the 80s
You do not need to work 25hr/day to be successful. Many of the other points are spot on;)
Retiring early sounds awesome but whatever they did to get there has aged them to look older than Kevin O Leary
😶
It's called living in the sun haha but in all seriousness, Kevin is worth $400 million. You think he doesn't use at least a bit if that to look a bit younger? Especially when recording a bit for tv/Internet
He has make up on😂 look at the contour near his eyes
Happy for him! I wish everyone can retire with this amount of money 💵
I know Kevin's job is to talk, but there are a lot of stupid East Coast city assumptions being made here - rural living does not = disengaged or unstimulating. I am 100% sure that they are engaged in other activities or projects, maybe ranch related. And they are likely near a small community. It definitely sounds like they're engaged in a form of Lean FIRE, where they are both doing jobs or side hustles where they make some money, but have flexibility to do what they want.
This guy looks like Hank from breaking bad to me.
Where does their health insurance come from - and how much is it?
Not for me either. I love working so I can’t imagine sitting around all day doing nothing.
I’m currently a hairstylist-any time I ask an older person if they’re retired they often times say “no way, I’ll never retire. I had friends who retired and then died because they weren’t doing anything.”
That's why it's called Financial Independence, Retire Early. You don't have to retire, but if you are really mindful of how you spend your money, you open yourself up to opportunities like owning your own business and being your own boss.
@@Jebusankel of course and I get that. They just seem to not do much of anything, that’s what I’m saying isn’t for me. They’re probably homebodies and I am very much the opposite and it appears Mr. Wonderful is as well.
Retiring DOES NOT mean that you sit around all day and do nothing. I don't understand why many people think that retiring means that you sit around and do nothing. You can volunteer, travel, go to interesting conferences and fun events, etc.
@@btw-3006 yeah I get that. I’m talking on more of a day to day level.
And many people think retiring means sitting around all day because most retired people sit around all day. I do hair so I see about 200 new people a month who sit in my chair, I’ve done hair for 11 years so I’ve met THOUSANDS of people and had THOUSANDS of conversations with people in all walks of life. Most retired people do nothing, not all, but most. By and large, folks who work until later in life and continue to stay busy live far longer than those who don’t.
@@amandawalker1196 what age range do these retired people that you are talking about fall into? I have a feeling that’s a big factor with regards to if they sit around and do nothing all day, instead of traveling, volunteer, staying active, going hiking, etc. I think that young retirees are more likely to not sit around all day and do nothing compared to old retirees
I watch a lot of dumb videos on RUclips but this one really stood out as a complete waste of time
I love this channel and his advice
Everyone is having a good time except the dog 😂
#NewProfession #TambaKongoh Their score is 10/10
08:05 🤣 nailed it
I just watched Kevin Oleary (Mr. Wonderful) debating Chris Hedges. It was eye opening.
They are definitely a great couple.
I could never live like that though.
Early retirement to me means, working is optional.
Excellent recap - appreciated.
Kevin says they need to work and keep busy, but I think keeping their homestead running and all the travelling is plenty to keep them occupied and mentally sharp. It's not easy to keep a remote house maintained on your own
Loved this show
I’m too much of a workaholic to ever retire. I genuinely enjoy working 9-11 hours a day.
Man oh man oh man, 870,000 for the REST of their lives…? That is a constrained lifestyle if I’ve ever heard of one. Better hope there’s an absolute knockout market in the coming years, otherwise that nest egg is not lasting very long. I guess living in what is essentially a utility shed can’t be expensive, so maybe they have the right idea
Agreed with you Kevin
Just love Kevin
Love it Kevin, just honest and giving what u could live with and what you didnt like but HONEST........awesome react vid. Some react and try to criticize the vid to make them look better, this react vid was cool. Every is happy except the dog, lmao.
Kevin is a smart guy
Oh boy, this is shaping up to be my favorite video ever. Let 'em have it, Mr. Wonderful.
I agree with Mr. Wonderful regarding retirement. If u stop at 65, ur body will go with u. Sharp people in their 90's never stop in life. They always have something to do everyday.
what is the best way to make money from crypto trading?
I don't trade I invest with a professional assigned by a crypto company that trades for us and returns profits on weekly basis for me and you can invest your capital and get weekly returns of investment (ROI) without any extra fees attached,
the professional is Mr Sam Justin,
yeah that's right I think the best way is to invest with a professional,at least it saves the trauma of too much losses,
that just surprised me because I also invest with Mr Sam Justin,
Wow!! I made a lot of money last year trading with Mr Sam Justin
Not a lifestyle for me, but if they like it why not?
why dont they just live abroad?
Obviously they like it where they are. You don't out that much planning into your retirement then travel the entire country in an airstream without thinking about where you want to be.
I think your question is implying that their money could go further or buy them a different lifestyle abroad, but they seem happy with what they have. Why chase "more" into unfamiliar territory if you're already settled into a home and happy?
They seem to be homesteading. Honesteaders definitely never sit around doing nothing lol. There are always more projects to be done
Thankkkk youuu 👏🏾👏🏾👏🏾 he was definitely insinuating.
Never thought he was gonna say something about this one
💯 we bought Land I'm in AZ last year for this precise reason. I'm working on building up my bot so we can go off full-time recession proof. But we are close to a semi large city 50k plus pop an hour away
Kevin O Leary is making millions for his time
Why would he want to retire?
They were making good money but not enough to justify them to continue working so long and hard
That's understandable
I would love to have more time to work on my health and happiness without being tied down to any place or schedule because of a job
2 days off in a week is depressing 😢
"Everybody is happy, except the dog" 😂
Retiring early for people like us really is not about just doing nothing all day. It just means you don't HAVE to earn money. Nobody is sitting around doing nothing (we'll, not for long anyway) . You learn new skills, new hobbies, new languages, travel, see friends and family a lot more. Its basically creating for yourself, what life could be like without capitalism... Using capitalism haha
Selling in an up market works if you sell once a year based on prior yesrs performance, this is what i do, if the market was up 10% last year i’ll sell 5% and use that cash for the next year and save what cash i don’t use for down years and CD ladder most of my cash.
So a one-time $28k investment in some solar panels can power that house indefinitely? Interesting. What happens if they go over the electricity usage limit for whatever reason? Is excess energy stored in like a generator somewhere?