It’s such a blessing that my husband and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what he lacks, he’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!!!
The only way I was able to scale through all of this without stress was by working with a financial adviser. My adviser *ROCH DUNGCA-SCHREIBER* has always had my back all through the process of property investment and investing in general. You can glance her name up on the internet and verify her yourself. She has years of financial market experience.!!!!
I have been retired since I was 58. I garden, go fishing and kayaking. I go camping a lot. I use my vacations to visit my kids and grandchildren. I also go to the gym at least three days a week. I love to can and preserve my garden harvest. I don’t have very much money, but I live a full life.
I semi retired at 57, no longer sweat sales quotas and only work with people I want to. I will admit I LOVE IT, but do worry if I have enough $$$$ even though every model I use shows I do. I guess it depends on the mind set.
Retirement becomes truly fulfilling when you possess two essential elements: simple financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. My question now is how to get a good financial advisor that I can invest with and have good returns before retirement age.
Amazing question, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months, my portfolio was reading $294,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Thank you. Just what I needed to watch. My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
It isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
@patrickbrussels4454 that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.
@patrickbrussels4454 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Rental income isn’t passive unless you are in a deal where someone else is managing it. But that doesn’t usually have as much of a return. I have had rentals for 13 years
My parents retired early (53) and the process of continuing to pay was definitely something they did. I guess my sister and I both had young families so it was kind of natural for them to want to help out. It ended up being an almost formal handover process at a 40 wedding anniversary party my sister and arranged for them at a restaurant. The bill came and my father reached for his wallet. We collectively asked him what he thought he was doing, and said in fact why don’t we switch this whole process here and now, they had done enough. We never let them pay again, although they did still spoil their grandkids!
I travel twice a year on 14-21 day trips. It breaks my heart to see elder people in the spots I go that are physically unable to enjoy the sightseeing or activity available. Travel when your health permits enjoying the area. It makes no sense to work long into your years then retire and be unhealthy. Health is the number one priority in retirement.
I LOVE the idea of learning to sit with an uncomfortable silence when the topic of who will pay comes up. "Maybe we shouldn't buy it" is a very useful phrase to learn. Thanks for this reminder.
@ Deborah Lynn You don't have to have exactly 1 mi. A good financial advisor will invest it and create growth (per se an investment in an annuity) beside stocks and bonds. You're not a loser, more knowledge with an advisor will help. And get a good CPA. I've been retired for 4 years. Retirement life teaches you that you don't need as much as in work life. The difference is having a good financial advisor and a good CPA.
There are some very sound and useful tips here. I do have one comment about the "organization" section. There seems to be a big anti-stuff movement, and I totally agree with not cluttering your life and buying many useless things. However, I think this concept should have a stipulation in that this is not a smart move for everyone. My wife and I have worked high tech jobs, but lived in rural settings. When you garden, keep livestock, etc - there are many items which find a use at some time or another. Also a true statement for anyone into fixing things, woodworking, crafting, etc. It would be hard to calculate the value over the course of my life of keeping pieces of wood, hardware, etc but the $ value is very significant. When our careers ran out of steam in our mid 50s we were able to transition to retirement pretty easily and, in no small way, our ability to be resourceful/handy is a huge part of our financial security. Of course, if playing golf and living in a bungalow is your thing, by all means streamline. Just saying there are potentially different paths when it comes to "stuff" for some.
We quit picking up the tab for one group (family) that we frequently dine out with, they order appetizers and double order entrees (so they have meal for later time) plus they always have a pretty hefty bar bill, we’re more conservative no thanks, lol
I really like how you address the "Professional Moochers" problem toward the end of your video. Over the years I've seen them hurt quite a few really nice people whether they are retired or not. THANKS!
We decided cable wasn't worth it or a priority, and we have a very good library system that we are paying significant property taxes to support, so we use it to the max. They have a fair selection of videos that we can put on hold and they notify us when they are ready to pick up, as well as current books and literature. A simple antenna brings in the local stations and more. We haven't had cable for over ten years now and don't miss it at all.
We dropped cable TV, beefed up our internet bandwidth, and use Roku free stuff, in addition to your same library idea. Saves us a ton of money every month
One of the most satisfying actions is to volunteer, preferably at a non profit organization. You are usually cherished by the people who run the organization.
Yes! Before I retired from a nonprofit 😁 we looked forward to the days volunteers came in. If you don’t feel valued, find another agency where you are.
We hold the same value system, but have different interests and are ok with doing those things with others or alone. That adds to the daily conversations as well.
These are great. I would make one caveat. As a roofing contractor I would add that it’s great to get several quotes however always make sure you are using a reputable company. We end up doing a lot of clean up from people going on the cheap. We often see people putting down payments for repairs or materials and the contractors run off. Also many contractors will do the work and not be back if there is a problem. You may have to pay a little more for quality work done right.
With vacations - do slow travel. Don’t spend two weeks in expensive hotels in Paris, but rent a Airbnb apartment in an outlying village for 2 months, and do things slow, with spending close to your usual costs, then move onto the next country. Try East Europe rather than West, or try Asia.
@@BH-en3tg - most Italian cities are surrounded by smaller villages. Florence has several. The trick is to find one with a good train connection and charming enough to enjoy your off days.
I've been retired 20 years.I'm 69. I've been around the world 4 times and I'm never bored. I had my 30 years in and ran from my job. I know I'm lucky and I don't squander any of my time.
Some of these things are simple, but yet essential. I've done many of them before retirement. The key themes here are preparedness and simplification of one's life during the golden years. Thank you.
We recently bought a small beach home in SC. As we are retired, we have a lot of time to spend there. I made a calendar up for ourselves and put OUR dates for use on it first. Then if our family or friends ask if they can use it, I can see if it is convenient for us first. Sounds somewhat stingy; however, we are the ones who saved over the years in order to afford it so we should get first pick. Then we can decide whether to allow someone else to use it without saying yes to a request when we really want to say no.
Unless you are very well off, would suggest charging f&f modest per day fee for maid/cleaning and utilities. IE, hard costs- not profit to you. If they don't like that, you know everything you need to know. Why should you subsidize their vacation expenses? You're already saving them on lodging when you allow their use.
I have one friend with very little money, so I used to fall into paying for her part. I don't mind doing that occasionally, but now, mostly I ask her to do no-cost things like go to a state park.
Hello Janet , This is your friend with very little money. I’m using this nice gentleman’s you tube account since I can’t afford one. Thanks for telling everyone I’m a low life user.
I use retail therapy to keep my spirits up. But exclusively thrift stores. At one thrift store in Colorado I bought $500 worth of jackets (2 ski, 1 denim) for a total of $13. HOO-YA.
I retired at 62,and am alone . I have made it clear to people that I’m not that giving anymore. If I am,cherish it. I also don’t feel the need to help people,beyond being there for them. I’ve never seen anyone i know starve,for I have heard endless crying over bills. As I sit here reusing my tea bag. I’m not miserly ,I’m just old,learning to be content with less.
Ah..Moochers.....I had a friend whom once told me he needed to borrow money, not for himself, but for heat in the house for the children. he didnt need it for a few weeks. Then I found out about a job, serving coffee, and cleaning up after a party. I called him back with the exciting news, that he could earn the money by working 3 hours one sunday, and if him and his wife did it, they would have double what they needed. His response is still burned in my memory "you want me to serve coffee?". Apparently, he didnt need the money anymore.
He missed out on a good deal. I serve coffee/food at the free meal site. It's so gratifying. It's like being at a great dinner party. Feels so good to help out!
I hit a real tough spot back in 2017 and a very good friend of mine offered a loan. I was afraid I could not pay him back but I'd work for it. He found a lot of big projects that were weighing on him. we worked together for a good price. Found my way to a healthy existence and looking forward to a comfortable retirement in two years. The good friend? Still a good friend, and we barter skills. Just roofed his barn last summer, he's doing an extensive surface water plan for me.
Try to have the tools and equipment that allow your hobbies paid for before you retire. Have guns and boats , fishing gear, golfing equipment ready to go. Then you just have to maintain the small expenses
I think one piece of advice most retirees don't get is to downsize (unless money is no object). Downsizing cuts every related cost - heating & cooling costs go down, homeowners insurance goes down, maintenance inside & outside costs go down, property taxes, etc....That frees up money to invest or vacation with. I think a video needs to be done on this. Most people these days are not wealthy and need to downsize after the kids have flown the coop.
My neighbor moved 10 minutes away from a 2 story to a ranch house and said that very thing. He just retired this year and keeps telling me to do the same thing. Definitely going to look into it!
I am 66 and recently downsized from a 3 bedroom home to a 2 bedroom condo. One of my best decisions. Not only was I able to pay cash for my new home from the equity of my old home and eliminate the expense of a mortgage; I am saving a big chunk of money each month on utilities, maintenance and property taxes, even with the HOA fees. I also gained some nice amenities, like a swimming pool and jacuzzi. Though I seem to be very busy everyday, not having to worry about all the house maintenance, my days seem a lot less stressful and I have more time to devote to my grandkids and a few other interests. Upkeep has been greatly simplified. Getting rid of about 75% of my ‘stuff’ has also felt very freeing. I highly recommend downsizing as we approach retirement years.
Downsizing was the normal way here in NZ to free up cash and be mortage free for many here , however the housing crisis has forced up prices of everything to such an extent this route is no longer possible here for many unless they perhaps shift to whole new towns miles away fro families it is a real problem.
Good advice. We have been retired for 7 years now and practice the majority of your suggestions. I must say that we are enjoying our retirement and are very happy. Thank you for your guidance.
"Maybe we shouldn't buy that..." I love that quote! I have found that even though I love eating out, buying presents, and doing things that cost money for my grand-kids, that it is just as much fun to take them to the library and park, and then go home and cook a meal. They are also finding how wonderful it is to go shopping in a thrift store, because they find things even they can afford, and I am way less tense! Life is good! Also, most banks will notarize those papers for free if you fill them out as needed, and will witness those papers for free too.
I took my granddaughter to a thrift store and told her when we buy things it helps people buy food and clothes. She was so excited when she found a $2 stuffy.
Thank you that was great I agree with all 10. You may consider adding number 11 and that would be: Pay yourself first. This concept goes beyond managing your finances well it's a life habit that once learned should never be forgotten. Many people follow this rule/habit to get to a successful retirement... but it is important to keep it on the front burner after you cross the finish line and enter retirement. Thank you again .
I've watched a lot of videos on retirement, and I really appreciate you not "dumbing down" the message. You're kind of a hard ass (but so am I). I'm trying to top off the the 401k, but one time expenses are killing us. New water pipes $15k, new car (wife totaled the last one) $10k. Cracked windshield $500, another cracked windshield $500. Utilities through the roof, so let's get solar $$$$. It's got me concerned once the day of my retirement hits.
Retirement to me means not working a full time job. I tried full retirement and about lost my mind. Maybe someday but no way now. It’s a mental thing with me. Great video!
@@Katy32344 she means they don’t tell friends and family who would want to stay for free. They tell a potentially paying clientele maybe through ABNB or VRBO.
I’m in the UK ,and the advise still holds , all very good , although the best advise would be live in a 2000 world with a 60,s attitude . Keep it simple .
I set my price of what I’m going to purchase large I give the dealer what I will pay and if he doesn’t want to make the deal I always tell him that somebody will want my money and I walk away and 90% of the time the will follow finically changing the price to closer to what I have offered and I hold fast to what I offered and never get into a rush time is on your side not theirs because inventory cost them money the long they hold on to the product..
I’ve always gotten three quotes on big expenses, like buying a new HVAC system, etc. I learned a lot and saved a lot of money. It seems every HVAC guy has a different way to approach how they repair or replace systems and the only way you can learn about it is by talking to them and asking them lots of questions when they’re trying to get you to spend five to $12,000 on some thing, they will certainly take the time to answer your questions.
At last...a video that lives up to it's name. Very good practical advice. Half of what I started doing about 6 months ago. I'm semi-retired and not sure when I will retire completely, but likely in the next 1-2 years. I'm a little scared to quit because I can't go back if I get bored. Been working only 24 hours a week on average now, and not sure if I need more time off. But something tells me that I will enjoy it.
Very good information, whether you are getting close to retirement or not. Hearing these specific life issues helps you to focus on them and gets you to really think about how each impacts your life.
Awhile ago I realized that the big difference in our lifestyle vs that of someone who is quite wealthy is: ORGANIZATION! I’ve been organizing our drawers, parties, garage, etc., etc. Hubby loves it, cause he’s naturally organized. One thing you don’t touch on, but which is often a big factor in the lives of many retirees is volunteering. Help out at your church your grandchild school, any nonprofit in the area, etc. Help children learn to read, teach English to non-native English speakers, sew quilts for homeless shelters and veterans, the list is endless. Both my parents spent a huge amount of time volunteering during their retirement, and they thoroughly enjoyed it. Retirees often have considerable skills in a variety of areas and there are a lot of organizations in your community that could use somebody like you. So jump in! They’ll love you!
I'm not sure if it's specific to my area of the country right now (Northeast US) but trying to get multiple quotes on work around the home (electrical, gutters) is just about a full-time job in itself. I even called those gutter companies that normally hound you! Best I could do was 2 quotes, am very happy with the choice I made. I am about 2 years from retirement and enjoy your channel, thanks for the content.
Travel in Train, eat good food, see scenery while train moves through different parts of the country. No stress of driving. Always looking for road signs. Ever travel to Florida, so many different highways. Back in those days it was stressful using the map.
I just retired from the US Navy after nearly 30 years. I am a Family Physician and will work for the next few years. I actually just bought my forever home in Florida and I attempt to pay it off sooner. 15-18 years versus my 30 year mortgage. Maybe sooner.
Thumbs up to most of the 10 things. Actioning your point 6 would be to use your phone for point 9. You can search the calendar, have an alarm for calendar events, share it on your computer and it fits in your pocket or purse. Point 10, if you live comfortably, I think paying for an evening is one of the best feelings of giving back to friends and family -- don't be cheap.
Phone (and computers) can work great - until it dies unexpectedly. I was converting to using phone with 'paper' backup when my phone *and* c drive on my computer crashed within 2 weeks of each other! What are the chances? Anyway, glad I had the physical date book backup. "Keepin' it old-school" 😉
Always an enjoyable and thought provoking analysis. In our particular case, I can’t say that we have ever encountered professional moochers. Perhaps we don’t socialize enough! On the other hand I would expand the “exercise” category to include eating habits and alcohol consumption, and clump them into what I’d call lifestyle habits. It seems like an overwhelming percentage of retirees fail miserably in this category from our perspective, and subsequently suffer all sorts of chronic illnesses……
FREE THE MIND 1. Set up medical power of attorney. a Will, Trusts. 2. SOCIAL Participate in things; card games, golf, dinner, etc. More social = more happy. 3. Get extremely organized. Get rid of junk. 4. Exercise 5. Manage time. 80-20 everything, time only on what serves you 6. Master phone tech; get skills 7. Use professional services wisely; accountant, lawn, lawyer, etc. MONEY 8. Get 3 quotes for most big things, i.e. negotiation 9.Plan way in the future. 18 month calendar; vacations, etc. things cost less if planned early 10. Ask, who owns this expense? Don't let people mooch off you. Pause, and don't answer quickly.
can't stop watching this video, because of what I have gone through in life and my current life situation. Becoming rich depends on your determination.
We enjoy gardening in our community garden, seasonal birding, walking our dog, photography, spending time with our granddaughter, houseplants, reading, cooking and managing our health. In SW Michigan a Living Trust costs $2,500 or more.
Great advice. I dream about throwing my phone away. It isnt a net positive. I can see why people would have them. I was happier before cell phones. Live within your means.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough savings during their active years. Retirement choices determine a lot of things. My parents both spent same years in the civil service, but my mom was investing through a asset manager, and my dad through the 401k. My mom retired with about ‘4.2M’, but my dad retired with roughly '$1.8M’.
For retirees and those close to retirement, I believe it's particularly challenging. All those years of labor only to lose it all to a problem you weren't responsible for, my regrets to everyone retiring during this time.
It depends on your personal preferences and comfort level. However, one option is to keep things simple and consult an asset manager. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape. I have about ($1.25m) in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little in retirement accounts. To be completely honest, the information provided by managers can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Exercise 2 x per day, socialize in person couple times a week. I do like clothes though. I have devices. We hire my son to do yard work while he is looking for another job. I will work on the clutter during the cold months ie pictures. During Covid did kitchen remodel and redid floors so ended up purging.
Walking and reading are two simple things that make me happy. I like to go out and eat simple meals with my wife two or three times a week. Our finances fell into place very well in retirement. I think that is because I am a real-go getter when it come to work. My friend told me that he and I were alike regarding work. When our wive's shifts are done,we both "go-gether." My wife slips me a $20 bill for coffee money on her payday if I am good, which is by no means always. And her job has wonderful benefits. Learning to relax a littler more after 5 years.
Yeah, I don't do moochers very well, to put it bluntly, I've worked hard for what I have. Not against helping people, but they have to be willing to help themselves in the process, if not well so be it.
Thanks so so much for your honesty....Despite most families being honorable, there are those that are not. Thank you for all you do. I am listening!!!!
I don't go to dinner and wonder who is going to pay for it, no way. Most of my friends and I go Dutch. I want there to be an understanding before we've eaten all that food, and it's always more than you think it will be.
This retired couple are hanging out with our country's future. We are heavily involved with the Boy Scouts. My husband is an area director at camp and I'm a BSA Girl Troop Assistant Scout Master plus an Assistant Cub Scout Leader. I'll be going to summer camp with my Troop.
This post is for the younger generation. I was naive and generous. Paid for fallen people, meals, parties, gifts, loans never expected to be paid back. Built two husbands; the second a white collar criminal, turns out. Couple of million given. Where are these "friends" and second husband now? At least I have my child and health and vitality and earned wisdom.
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@@martingiavarini Definitely! All of this happened in less than a year after Catherine Morrison Evans told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
Was “happy” to realize I was doing 9 out of 10 suggestions already. I have been loving your videos as they pertain to my retirement which began in 2020. Thank you.
We need to learn to use the calendars on our phone. Jus like you said learn to use your phone. Carrying around a calendar is awkward in this day and age. Plus many events can be automatically uploaded in your calendar. Contacts in your phone is also a must.
Emily...so many groups around for single women to travel together. Research it. In fact 'Women Traveling Together' is an actual group. Do it...you won't regret it!
Mr. Schmidt probably plans in deeper detail than most, but I just love Google Callender, as I can share it with family, see a history too, and it gives me numerous options for reminders. And all from that phone he mentions.
Yoga not for everybody. But for many, it’s one of the best ways to enhance your life. It decreases stiffness and can relieve pain. I have a knee condition and it has been far better than physical therapy.
Save your $22 on your calendar. In this video just before you mentioned learning to use technology, well your phone has amazing, easy to use software-starting with a calendar and gravitate to spreadsheets, planners, note makers, travel organizers and literally a million other apps that will make your life easier. Not necessary to buy a calendar anymore.
So nice to hear common sense advice. Just had a conversation with my Dad about embracing technology. His life would be so enriched if he even tried to learn some basic skills. I will keep trying. It’s nice now that my Daughter is established. She and my Son in Law won’t let me pay for anything when we are together. I’ve helped them in the past but seeing them now, successful and thriving, is pay back enough. Wish they would let me pick up a check now and then.
From the look of things, It can't be overemphasized that, Cash is thrash! 3 BEST and surprisingly easy ways to double/hold your funds in 2021; Crypt, Real Estates, who can guess the 3rd
Has to be stock trading!!! It's been wonderful investing in stock after I met an expert from a reputable firm earlier this year... Retiring by next year with absolutely no fears!!
Wow! I know Rebecca too...she ripped off my grandmother’s saving account; had an affair with my grandfather and keyed my car when I ratted her out to the Feds...that b!tch is crazy!!
may I add to his advice about exercise and staying healthy?? I took care of home bound very wealthy patients who had strokes, medical illnesses that wouldn't allow them to leave home in the golden years... they had money out the wazoo and b/c they were paying for exorbitant medical bills, devices and care they were poor in life... some didn't even know where they were, were confined to their bed and bedroom....IF YOU DON'T HAVE YOUR HEALTH, YOU HAVE NOTHING... I stay fairly comfortable money wise, but it's a job to stay healthy... also if you keep your weight under control you will fare better... I saw so many heavy patients who could barely move after knee and hip surgeries.. your body is not made to support excessive weight...your back will also thank you... some docs now aren't willing to operate on excessively obese patients until they lose weight....decreases their chance of a great recovery, and after 50 years as an RN I hope people will see me as an advocate for healthy lifestyles, your retirement will be so much more enjoyable...it's up to you
It’s such a blessing that my husband and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what he lacks, he’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!!!
That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success. with my partner..
The only way I was able to scale through all of this without stress was by working with a financial adviser. My adviser *ROCH DUNGCA-SCHREIBER* has always had my back all through the process of property investment and investing in general. You can glance her name up on the internet and verify her yourself. She has years of financial market experience.!!!!
😊@@tahirisaid2693
I have been retired since I was 58. I garden, go fishing and kayaking. I go camping a lot. I use my vacations to visit my kids and grandchildren. I also go to the gym at least three days a week. I love to can and preserve my garden harvest. I don’t have very much money, but I live a full life.
That Ma'am sounds like a happy person to me
excellent. Water, woods, nature, exercise outdoors. All provide full time hobbies on the cheap. enjoy
Your life is fuller then you think
I semi retired at 57, no longer sweat sales quotas and only work with people I want to. I will admit I LOVE IT, but do worry if I have enough $$$$ even though every model I use shows I do. I guess it depends on the mind set.
I'm trying hard to get my house and one loan paid off so I can semi retire at 60. God willing!
Retirement becomes truly fulfilling when you possess two essential elements: simple financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. My question now is how to get a good financial advisor that I can invest with and have good returns before retirement age.
Amazing question, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months, my portfolio was reading $294,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Thank you. Just what I needed to watch.
My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52.
We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
you should consider financial planning.
It isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
@patrickbrussels4454 that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.
@patrickbrussels4454 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Rental income isn’t passive unless you are in a deal where someone else is managing it. But that doesn’t usually have as much of a return. I have had rentals for 13 years
My parents retired early (53) and the process of continuing to pay was definitely something they did. I guess my sister and I both had young families so it was kind of natural for them to want to help out. It ended up being an almost formal handover process at a 40 wedding anniversary party my sister and arranged for them at a restaurant. The bill came and my father reached for his wallet. We collectively asked him what he thought he was doing, and said in fact why don’t we switch this whole process here and now, they had done enough. We never let them pay again, although they did still spoil their grandkids!
You are wonderful children!
One thing I would recommend is if you want to travel, do it early in retirement before age and health concerns confine you to home.
I travel twice a year on 14-21 day trips. It breaks my heart to see elder people in the spots I go that are physically unable to enjoy the sightseeing or activity available. Travel when your health permits enjoying the area. It makes no sense to work long into your years then retire and be unhealthy.
Health is the number one priority in retirement.
I LOVE the idea of learning to sit with an uncomfortable silence when the topic of who will pay comes up. "Maybe we shouldn't buy it" is a very useful phrase to learn. Thanks for this reminder.
The only person that doesn’t make me feel like a total loser in retirement for lack of having a million dollars 💸
Thank you
You are too kind. Thank you Deborah.
@ Deborah Lynn You don't have to have exactly 1 mi. A good financial advisor will invest it and create growth (per se an investment in an annuity) beside stocks and bonds. You're not a loser, more knowledge with an advisor will help. And get a good CPA. I've been retired for 4 years. Retirement life teaches you that you don't need as much as in work life. The difference is having a good financial advisor and a good CPA.
80% of Americans have less than 5,000K in savings. If you need a million to be a winner the vast majority of us would be losers. We’re not.
There are some very sound and useful tips here. I do have one comment about the "organization" section. There seems to be a big anti-stuff movement, and I totally agree with not cluttering your life and buying many useless things. However, I think this concept should have a stipulation in that this is not a smart move for everyone. My wife and I have worked high tech jobs, but lived in rural settings. When you garden, keep livestock, etc - there are many items which find a use at some time or another. Also a true statement for anyone into fixing things, woodworking, crafting, etc. It would be hard to calculate the value over the course of my life of keeping pieces of wood, hardware, etc but the $ value is very significant. When our careers ran out of steam in our mid 50s we were able to transition to retirement pretty easily and, in no small way, our ability to be resourceful/handy is a huge part of our financial security. Of course, if playing golf and living in a bungalow is your thing, by all means streamline. Just saying there are potentially different paths when it comes to "stuff" for some.
We quit picking up the tab for one group (family) that we frequently dine out with, they order appetizers and double order entrees
(so they have meal for later time) plus they always have a pretty hefty bar bill, we’re more conservative no thanks,
lol
I really like how you address the "Professional Moochers" problem toward the end of your video. Over the years I've seen them hurt quite a few really nice people whether they are retired or not. THANKS!
We decided cable wasn't worth it or a priority, and we have a very good library system that we are paying significant property taxes to support, so we use it to the max. They have a fair selection of videos that we can put on hold and they notify us when they are ready to pick up, as well as current books and literature. A simple antenna brings in the local stations and more. We haven't had cable for over ten years now and don't miss it at all.
We dropped cable TV, beefed up our internet bandwidth, and use Roku free stuff, in addition to your same library idea. Saves us a ton of money every month
Yeah. It's been a decade or so since I've seen a cable bill, too. It's fabulous!
I dropped cable TV in August 2021. After 3 days I did not miss it at all. One of my better decisions.
When someone says thing about what I have that they don’t I simply say, “yes, it’s such a blessing.”
One of the most satisfying actions is to volunteer, preferably at a non profit organization. You are usually cherished by the people who run the organization.
Yes! Before I retired from a nonprofit 😁 we looked forward to the days volunteers came in. If you don’t feel valued, find another agency where you are.
I work at a nonprofit. very satisfying.
Why a non profit preferably? One can volunteer to assist elderly neighbors.
It really helps if you and your spouse/partner share the same or at least most of the same values.
Very true
We hold the same value system, but have different interests and are ok with doing those things with others or alone. That adds to the daily conversations as well.
These are great. I would make one caveat. As a roofing contractor I would add that it’s great to get several quotes however always make sure you are using a reputable company. We end up doing a lot of clean up from people going on the cheap. We often see people putting down payments for repairs or materials and the contractors run off. Also many contractors will do the work and not be back if there is a problem. You may have to pay a little more for quality work done right.
Agreed! Get three quotes from three reputable companies.
With vacations - do slow travel. Don’t spend two weeks in expensive hotels in Paris, but rent a Airbnb apartment in an outlying village for 2 months, and do things slow, with spending close to your usual costs, then move onto the next country. Try East Europe rather than West, or try Asia.
Exactly my plan when we retire.
Does anyone have a suggestion of a good place to do that in Italy?
@@BH-en3tg - most Italian cities are surrounded by smaller villages. Florence has several. The trick is to find one with a good train connection and charming enough to enjoy your off days.
I totally agree with your comment about the benefits of exercise. It keeps us boomers and seniors young and saves money on medical bills.
Hi i have been retired two years,i cant exercise due to surgery back in 2015 but im a great believer in movement just to keep all my joints flexible.
I've been retired 20 years.I'm 69. I've been around the world 4 times and I'm never bored. I had my 30 years in and ran from my job. I know I'm lucky and I don't squander any of my time.
Some of these things are simple, but yet essential. I've done many of them before retirement. The key themes here are preparedness and simplification of one's life during the golden years. Thank you.
We recently bought a small beach home in SC. As we are retired, we have a lot of time to spend there. I made a calendar up for ourselves and put OUR dates for use on it first. Then if our family or friends ask if they can use it, I can see if it is convenient for us first. Sounds somewhat stingy; however, we are the ones who saved over the years in order to afford it so we should get first pick. Then we can decide whether to allow someone else to use it without saying yes to a request when we really want to say no.
Smart. Very smart…
I would charge family members a small fee to use your beach house .... After all at retirement you are on a fixed budget.
Dell may I be your friend and can you tell me if there is any availability for your property in September? I am willing to pay btw.
@@tonycasker5184 I’m not allowed to rent it except through the HOA which takes a cut.
Unless you are very well off, would suggest charging f&f modest per day fee for maid/cleaning and utilities. IE, hard costs- not profit to you. If they don't like that, you know everything you need to know. Why should you subsidize their vacation expenses? You're already saving them on lodging when you allow their use.
#11 is one you forgot. And that is to keep watching your channel!
Agreed, these are great and no nonsense
You are too kind!!
@@HolySchmidt No, when in fact you are TOO GOOD! Keep up the great work...we appreciate it and you!
I have one friend with very little money, so I used to fall into paying for her part. I don't mind doing that occasionally, but now, mostly I ask her to do no-cost things like go to a state park.
That is a great solution.
Hello Janet , This is your friend with very little money. I’m using this nice gentleman’s you tube account since I can’t afford one. Thanks for telling everyone I’m a low life user.
@@stevenpaul5540 is it ok if I use the account too? I’ll be careful. Lol
I use retail therapy to keep my spirits up. But exclusively thrift stores. At one thrift store in Colorado I bought $500 worth of jackets (2 ski, 1 denim) for a total of $13. HOO-YA.
Nice compromise!
ARC on Bway?!
I like to thrift little things once in a while and flip them on eBay. It's not a full time thing, but fun if I find a treasure.
I do too. I spend a max of $5….
My wife loves thrift stores too, but it conflicts with the idea of getting rid of junk :)
I retired at 62,and am alone . I have made it clear to people that I’m not that giving anymore. If I am,cherish it. I also don’t feel the need to help people,beyond being there for them. I’ve never seen anyone i know starve,for I have heard endless crying over bills. As I sit here reusing my tea bag. I’m not miserly ,I’m just old,learning to be content with less.
Ah..Moochers.....I had a friend whom once told me he needed to borrow money, not for himself, but for heat in the house for the children. he didnt need it for a few weeks. Then I found out about a job, serving coffee, and cleaning up after a party. I called him back with the exciting news, that he could earn the money by working 3 hours one sunday, and if him and his wife did it, they would have double what they needed. His response is still burned in my memory "you want me to serve coffee?". Apparently, he didnt need the money anymore.
Lol. see it all the time.
He missed out on a good deal. I serve coffee/food at the free meal site. It's so gratifying. It's like being at a great dinner party. Feels so good to help out!
@@HolySchmidt Thank you Mr Schmidt for all your insight and Helpful Videos....👍👌🤩
I believe somewhere in the Bible is "Neither a borrower or lender be"
I hit a real tough spot back in 2017 and a very good friend of mine offered a loan. I was afraid I could not pay him back but I'd work for it. He found a lot of big projects that were weighing on him. we worked together for a good price.
Found my way to a healthy existence and looking forward to a comfortable retirement in two years.
The good friend?
Still a good friend, and we barter skills.
Just roofed his barn last summer, he's doing an extensive surface water plan for me.
Try to have the tools and equipment that allow your hobbies paid for before you retire. Have guns and boats , fishing gear, golfing equipment ready to go. Then you just have to maintain the small expenses
Good advice
I think one piece of advice most retirees don't get is to downsize (unless money is no object). Downsizing cuts every related cost - heating & cooling costs go down, homeowners insurance goes down, maintenance inside & outside costs go down, property taxes, etc....That frees up money to invest or vacation with. I think a video needs to be done on this. Most people these days are not wealthy and need to downsize after the kids have flown the coop.
My neighbor moved 10 minutes away from a 2 story to a ranch house and said that very thing. He just retired this year and keeps telling me to do the same thing. Definitely going to look into it!
I am 66 and recently downsized from a 3 bedroom home to a 2 bedroom condo. One of my best decisions. Not only was I able to pay cash for my new home from the equity of my old home and eliminate the expense of a mortgage; I am saving a big chunk of money each month on utilities, maintenance and property taxes, even with the HOA fees. I also gained some nice amenities, like a swimming pool and jacuzzi. Though I seem to be very busy everyday, not having to worry about all the house maintenance, my days seem a lot less stressful and I have more time to devote to my grandkids and a few other interests. Upkeep has been greatly simplified. Getting rid of about 75% of my ‘stuff’ has also felt very freeing. I highly recommend downsizing as we approach retirement years.
Downsizing was the normal way here in NZ to free up cash and be mortage free for many here , however the housing crisis has forced up prices of everything to such an extent this route is no longer possible here for many unless they perhaps shift to whole new towns miles away fro families it is a real problem.
Good advice. We have been retired for 7 years now and practice the majority of your suggestions. I must say that we are enjoying our retirement and are very happy. Thank you for your guidance.
Thanks Donald for your thoughts.
"Maybe we shouldn't buy that..." I love that quote! I have found that even though I love eating out, buying presents, and doing things that cost money for my grand-kids, that it is just as much fun to take them to the library and park, and then go home and cook a meal. They are also finding how wonderful it is to go shopping in a thrift store, because they find things even they can afford, and I am way less tense! Life is good! Also, most banks will notarize those papers for free if you fill them out as needed, and will witness those papers for free too.
I took my granddaughter to a thrift store and told her when we buy things it helps people buy food and clothes. She was so excited when she found a $2 stuffy.
Thank you that was great I agree with all 10.
You may consider adding number 11 and that would be: Pay yourself first.
This concept goes beyond managing your finances well it's a life habit that once learned should never be forgotten.
Many people follow this rule/habit to get to a successful retirement... but it is important to keep it on the front burner after you cross the finish line and enter retirement.
Thank you again
.
Agree
I've watched a lot of videos on retirement, and I really appreciate you not "dumbing down" the message. You're kind of a hard ass (but so am I). I'm trying to top off the the 401k, but one time expenses are killing us. New water pipes $15k, new car (wife totaled the last one) $10k. Cracked windshield $500, another cracked windshield $500. Utilities through the roof, so let's get solar $$$$. It's got me concerned once the day of my retirement hits.
Retirement to me means not working a full time job. I tried full retirement and about lost my mind. Maybe someday but no way now. It’s a mental thing with me. Great video!
The vacation home thing is crazy.
We have a home in Mexico we also rent out.
We’ve learned not to tell people about it.
Lol. Then how do you rent it?
@@Katy32344 she means they don’t tell friends and family who would want to stay for free. They tell a potentially paying clientele maybe through ABNB or VRBO.
@@sw6118 oh, yeah, of course. Stupid of me...lol
I’ve had that happen. Very uncomfortable.
I’m in the UK ,and the advise still holds , all very good , although the best advise would be live in a 2000 world with a 60,s attitude . Keep it simple .
You are correct on the moochers.
Old and young people.
I set my price of what I’m going to purchase large I give the dealer what I will pay and if he doesn’t want to make the deal I always tell him that somebody will want my money and I walk away and 90% of the time the will follow finically changing the price to closer to what I have offered and I hold fast to what I offered and never get into a rush time is on your side not theirs because inventory cost them money the long they hold on to the product..
Keep it simple! Do GOoD to others❤
Good advise for everyone, not just retirees.
I’ve always gotten three quotes on big expenses, like buying a new HVAC system, etc. I learned a lot and saved a lot of money. It seems every HVAC guy has a different way to approach how they repair or replace systems and the only way you can learn about it is by talking to them and asking them lots of questions when they’re trying to get you to spend five to $12,000 on some thing, they will certainly take the time to answer your questions.
This top ten list should be bronzed and put on display. Excellent summary of leverage, pinch points and what really matters. Thank you!
At last...a video that lives up to it's name. Very good practical advice. Half of what I started doing about 6 months ago. I'm semi-retired and not sure when I will retire completely, but likely in the next 1-2 years. I'm a little scared to quit because I can't go back if I get bored. Been working only 24 hours a week on average now, and not sure if I need more time off. But something tells me that I will enjoy it.
By far this is the best investing and retireing channel
I retired at 60, mainly so I can spend more time with my grandson.
You only get one shot at it! Enjoy!
Very good information, whether you are getting close to retirement or not. Hearing these specific life issues helps you to focus on them and gets you to really think about how each impacts your life.
Awhile ago I realized that the big difference in our lifestyle vs that of someone who is quite wealthy is: ORGANIZATION! I’ve been organizing our drawers, parties, garage, etc., etc. Hubby loves it, cause he’s naturally organized. One thing you don’t touch on, but which is often a big factor in the lives of many retirees is volunteering. Help out at your church your grandchild school, any nonprofit in the area, etc. Help children learn to read, teach English to non-native English speakers, sew quilts for homeless shelters and veterans, the list is endless. Both my parents spent a huge amount of time volunteering during their retirement, and they thoroughly enjoyed it. Retirees often have considerable skills in a variety of areas and there are a lot of organizations in your community that could use somebody like you. So jump in! They’ll love you!
Some of these suggestions are also great for young professionals and will lead to happiness throughout one’s life not just in retirement!
I'm not sure if it's specific to my area of the country right now (Northeast US) but trying to get multiple quotes on work around the home (electrical, gutters) is just about a full-time job in itself. I even called those gutter companies that normally hound you! Best I could do was 2 quotes, am very happy with the choice I made. I am about 2 years from retirement and enjoy your channel, thanks for the content.
Thanks for the kinds words. A lot more to come!
But if you need a car warranty on a 15 year old car.....they call you 3 times a day. lol
I had the same problem. nobody calls back. Crazy
Travel in Train, eat good food, see scenery while train moves through different parts of the country.
No stress of driving. Always looking for road signs. Ever travel to Florida, so many different highways.
Back in those days it was stressful using the map.
I just retired from the US Navy after nearly 30 years.
I am a Family Physician and will work for the next few years.
I actually just bought my forever home in Florida and I attempt to pay it off sooner. 15-18 years versus my 30 year mortgage. Maybe sooner.
Thumbs up to most of the 10 things. Actioning your point 6 would be to use your phone for point 9. You can search the calendar, have an alarm for calendar events, share it on your computer and it fits in your pocket or purse. Point 10, if you live comfortably, I think paying for an evening is one of the best feelings of giving back to friends and family -- don't be cheap.
Phone (and computers) can work great - until it dies unexpectedly. I was converting to using phone with 'paper' backup when my phone *and* c drive on my computer crashed within 2 weeks of each other! What are the chances? Anyway, glad I had the physical date book backup. "Keepin' it old-school" 😉
Always an enjoyable and thought provoking analysis. In our particular case, I can’t say that we have ever encountered professional moochers. Perhaps we don’t socialize enough! On the other hand I would expand the “exercise” category to include eating habits and alcohol consumption, and clump them into what I’d call lifestyle habits. It seems like an overwhelming percentage of retirees fail miserably in this category from our perspective, and subsequently suffer all sorts of chronic illnesses……
Very advice!
I quit drinking and lost 35 lbs, also quit sugar and carbs. Check out Dr Eric Berg on youtube.
FREE THE MIND 1. Set up medical power of attorney. a Will, Trusts. 2. SOCIAL Participate in things; card games, golf, dinner, etc. More social = more happy. 3. Get extremely organized. Get rid of junk. 4. Exercise 5. Manage time. 80-20 everything, time only on what serves you 6. Master phone tech; get skills 7. Use professional services wisely; accountant, lawn, lawyer, etc. MONEY 8. Get 3 quotes for most big things, i.e. negotiation 9.Plan way in the future. 18 month calendar; vacations, etc. things cost less if planned early 10. Ask, who owns this expense? Don't let people mooch off you. Pause, and don't answer quickly.
Very very well said. I’m 6 years off retirement and am starting to prepare now. Thank you.
can't stop watching this video, because of what I have gone through in life and my current life situation. Becoming rich depends on your determination.
Professional moochers -- I love it!! Right on the nose. Thanks for this video. As usual, it contains a wealth of good information.
We enjoy gardening in our community garden, seasonal birding, walking our dog, photography, spending time with our granddaughter, houseplants, reading, cooking and managing our health. In SW Michigan a Living Trust costs $2,500 or more.
Great advice. I dream about throwing my phone away. It isnt a net positive. I can see why people would have them. I was happier before cell phones. Live within your means.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough savings during their active years. Retirement choices determine a lot of things. My parents both spent same years in the civil service, but my mom was investing through a asset manager, and my dad through the 401k. My mom retired with about ‘4.2M’, but my dad retired with roughly '$1.8M’.
For retirees and those close to retirement, I believe it's particularly challenging. All those years of labor only to lose it all to a problem you weren't responsible for, my regrets to everyone retiring during this time.
It depends on your personal preferences and comfort level. However, one option is to keep things simple and consult an asset manager. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape. I have about ($1.25m) in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little in retirement accounts. To be completely honest, the information provided by managers can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
The final point of cost sharing is something that should be taught/learned well before actual retirement.
Exercise 2 x per day, socialize in person couple times a week. I do like clothes though. I have devices. We hire my son to do yard work while he is looking for another job. I will work on the clutter during the cold months ie pictures. During Covid did kitchen remodel and redid floors so ended up purging.
Walking and reading are two simple things that make me happy. I like to go out and eat simple meals with my wife two or three times a week. Our finances fell into place very well in retirement. I think that is because I am a real-go getter when it come to work. My friend told me that he and I were alike regarding work. When our wive's shifts are done,we both "go-gether." My wife slips me a $20 bill for coffee money on her payday if I am good, which is by no means always. And her job has wonderful benefits. Learning to relax a littler more after 5 years.
Yeah, I don't do moochers very well, to put it bluntly, I've worked hard for what I have. Not against helping people, but they have to be willing to help themselves in the process, if not well so be it.
Your advice is GOLDEN, and something I have been following most of my adult life. Great content.
Thanks so so much for your honesty....Despite most families being honorable, there are those that are not. Thank you for all you do. I am listening!!!!
Great advice for preparing to retire. I especially appreciate the psychological aspects mentioned.
I don't go to dinner and wonder who is going to pay for it, no way. Most of my friends and I go Dutch. I want there to be an understanding before we've eaten all that food, and it's always more than you think it will be.
Nicely done.
@@HolySchmidt thanks!
You are correct sir. There are some pretty savy moochers out there...
Love your videos Jeff!! Just set my retirement date: 10/31/2026. I’ll be 66 years and 10 months old. Looking forward to it!!
Nice planning! Keep going!
This retired couple are hanging out with our country's future. We are heavily involved with the Boy Scouts. My husband is an area director at camp and I'm a BSA Girl Troop Assistant Scout Master plus an Assistant Cub Scout Leader. I'll be going to summer camp with my Troop.
I really like the advice to free your house of junk. It frees up time and and reduces mind-clutter. It can also be a safety and health matter.
This post is for the younger generation. I was naive and generous. Paid for fallen people, meals, parties, gifts, loans never expected to be paid back. Built two husbands; the second a white collar criminal, turns out. Couple of million given. Where are these "friends" and second husband now? At least I have my child and health and vitality and earned wisdom.
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@@kenanporubsky2122 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
@@martingiavarini Definitely! All of this happened in less than a year after Catherine Morrison Evans told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
Simple, to the point.. good information. Thanks for sharing 😊
Was “happy” to realize I was doing 9 out of 10 suggestions already. I have been loving your videos as they pertain to my retirement which began in 2020. Thank you.
Thanks for the kind words
Great advice!!! I am retiring in 2 years, and I love this video. It will help a ton!!!!!! Holy shidmit!!!
We need to learn to use the calendars on our phone. Jus like you said learn to use your phone. Carrying around a calendar is awkward in this day and age. Plus many events can be automatically uploaded in your calendar. Contacts in your phone is also a must.
Thank you so much for your calming style. 🙏 I listen to your videos as iam cooking, or sipping my tea. Thank you for what you do.😉
3 interviews before hiring services as well!
Thank you for the great info!
Great explanations.. I like the way you break it down to the most important aspect 🙏
Thanks for the kind words!
Bought an iphone months ago and keep it shut off in my purse. I will learn to use it--thanks for the nudge. Your videos are great!
Please do a video about retired singles..I want to travel but my self-confidence sucks..been divorced for 5 years ...
Go with a group! Go with a friend or group of friends. You can do it!
Emily...so many groups around for single women to travel together. Research it. In fact 'Women Traveling Together' is an actual group. Do it...you won't regret it!
Check out Overseas Adventure Travel. Small groups (rarely over 16). Reasonable prices, and frequently used by singles.
Mr. Schmidt probably plans in deeper detail than most, but I just love Google Callender, as I can share it with family, see a history too, and it gives me numerous options for reminders. And all from that phone he mentions.
2 nah. Have never been social and don’t plan to now either. Happy this way.
Everything else, yep.
What simple and sensible advice. Thank you.
Great points, thanks for all your efforts.
Thank you!
Yoga not for everybody. But for many, it’s one of the best ways to enhance your life. It decreases stiffness and can relieve pain. I have a knee condition and it has been far better than physical therapy.
I practice Qigong, body and mind alignment.🐼
Enjoyed this, thanks, very thought provoking
Thank Michael! Enjoy the long weekend!
@@HolySchmidt Especially the part about paying things I shouldn't pay I need to get better at that
Hope you have a good weekend as well
Excellent! Thank you.
Save your $22 on your calendar. In this video just before you mentioned learning to use technology, well your phone has amazing, easy to use software-starting with a calendar and gravitate to spreadsheets, planners, note makers, travel organizers and literally a million other apps that will make your life easier. Not necessary to buy a calendar anymore.
So nice to hear common sense advice. Just had a conversation with my Dad about embracing technology. His life would be so enriched if he even tried to learn some basic skills. I will keep trying. It’s nice now that my Daughter is established. She and my Son in Law won’t let me pay for anything when we are together. I’ve helped them in the past but seeing them now, successful and thriving, is pay back enough. Wish they would let me pick up a check now and then.
Thank you for your comment.
From the look of things, It can't be overemphasized that, Cash is thrash! 3 BEST and surprisingly easy ways to double/hold your funds in 2021; Crypt, Real Estates, who can guess the 3rd
Has to be stock trading!!! It's been wonderful investing in stock after I met an expert from a reputable firm earlier this year... Retiring by next year with absolutely no fears!!
Thats really impressive. Have tried doing that on my own without luck for sometime now. Getting fed up by the day. Who did you work with please?
Wow I know Sandra Yvonne Webster . Met her once here in Dallas. Great speaker and full of humor too... "Ms Buy the dip" Lol.
Wow! I know Rebecca too...she ripped off my grandmother’s saving account; had an affair with my grandfather and keyed my car when I ratted her out to the Feds...that b!tch is crazy!!
Stock trading has been the best way to multiply your cash. No referrals
you really do a good job Jeff!
Love it!
Great job!
may I add to his advice about exercise and staying healthy?? I took care of home bound very wealthy patients who had strokes, medical illnesses that wouldn't allow them to leave home in the golden years... they had money out the wazoo and b/c they were paying for exorbitant medical bills, devices and care they were poor in life... some didn't even know where they were, were confined to their bed and bedroom....IF YOU DON'T HAVE YOUR HEALTH, YOU HAVE NOTHING... I stay fairly comfortable money wise, but it's a job to stay healthy... also if you keep your weight under control you will fare better... I saw so many heavy patients who could barely move after knee and hip surgeries.. your body is not made to support excessive weight...your back will also thank you... some docs now aren't willing to operate on excessively obese patients until they lose weight....decreases their chance of a great recovery, and after 50 years as an RN I hope people will see me as an advocate for healthy lifestyles, your retirement will be so much more enjoyable...it's up to you
Great advice, as usual! I'm saving this one to make notes off of later. Thank you, Sir Schmidt!
Thanks Steve. I appreciate the kind words. Have a great 4th!
Start living it now...not later!😊
I am not yet retired. I do NOT have a credit card. I do, however, have a library card.
Professional moocher, LOL, good one. True!
Lol we all know one!
My mother-in-law
The only good thing about my phone is I can see pictures of my grandbabies lol Good video
Moleskine calendar books are wonderful!
Thanks Anita!