Why You Will Never Be Financially Independent.
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- Опубликовано: 9 июн 2024
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Americans are set up to retire BROKE. If we keep going the way we are today, we will never achieve financial independence. It's time we start changing that trend. We must start TODAY with the info shared in this video.
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Key Highlights:
📈 Strategies to prevent retiring broke and turning financial dreams into reality.
🚀 Real-life tactics for escaping debt and investing wisely to secure your future.
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*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
All star athletes who make +$15 million a year often still end up being broke. Goes to show how shortsightedness and irresponsible spending can kill your ability to live comfortably later on, no matter your salary.
So true!
Thanks Big Bob
True, need to stop buying stuff we don’t need. Like keep that old car that still runs and buy a house early so that you don’t have to move around too much.
Fantastic information 👍 Thank you ❤
I’ve had about 20 plus people tell me their plan for the future is not to live past 40. It’s pretty sad. Of course most are worried about the debt they hold but somehow they are convinced it’s over before it’s even started
The price of apparently everything doubling doesn't help. I'm seriously cutting down on buying stuff for fun and focusing on paying off debt and investing.
I need to turn that into a sticker:
*"Build your assets before you buy your lifestyle."* 🤯😃👏🏾👏🏾👏🏾
It’s hard because everybody is buying new things and trips and vacations.
Meh. Everyone else is buried under a mountain of debt they will never get out of. And that's the person you want to emulate?????
@@pdxmusl1510 No, wrong. It may seem that everyone wants to have the image that life is going well for them. Though it catches up to them when they want to retire but you already know the answer so. Why? Do you emulate people that are going on vacation and spending money that might not grow on trees?
I did the CC signup too! I got something more fleeting…2 slices of 🍕 Glad I am now debt free and working toward building my assets and paying off my house. No more CC’s for 🍕here 😂
I would say it has taken me 15 years to realize that I should have not change cars so often and stuck with what I had at first. Should have bought that house at 25 instead of now.
Yes, I got credit card and got a free tshirt....lol. I guess that one works for trapping college students.
Want to waste money? Buy tesla calls
Actions are not he reason when they need money to be able to do stuff..... WTF are you talking about actions don't always matter!!!!!
Too many yolo yoyo's.
One of the things you have to consider when you are setting yourself up for financial freedom.
If your a little older this probably doesn't matter as much. But if youve been aggressive & you retire young. To remain truly financial independent, you need all of your assets to at MINIMUM double every 20 years to keep up your lifestyle. Ideally quicker. And it must do that while your cashing in your retirement. Or you need to have so much saved you could use the bank of the matress and never run out. Any miss and there is a date where you run out of money. So this takes careful planning. Just because your investments would allow you to take out 100k forever means bubkiss. 100k soon feels like 50k and then feels like 25k...
I like the 4% rule. But if your younger and your goal is to retire earlier. Id think of that more like the 2-3% rule.