The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’’ 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 for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
In 1987 when i started driving i bought a very nice mustang with 60,000 nikes on it for $1500. Minimum wage was around $3.10/ hr. So fast forward to today that equivalent car would cost $25,000 so no matter what you do you have to make more! And guess what? WE the WORKING people are getting drowned out. Leaders dont care about anybody but themselves. So why should workers give a rats ass about anything? No retirements $400,000 houses $100,000 pickup trucks $4 gas. People are fed up!
Ken could you do an experiment applying for jobs online? Maybe have it in tiers (entry level, mid level, senior) and let us know the results? Just curious how you can get ahead in the current job market.
If you didn’t acquire housing / assets before 2020 - your wealth building potential is significantly less than those who did within your same income bracket. You’ll now have to pay significantly more for rent / mortgage and will have much less disposable income to invest and build wealth - simply by a few years of bad timing . Those who even make less money than you are better off if they secured housing before 2020 as well. Society of haves vs have nots
8:10 if this argument is really legitimate. Purpose vs. Having the integrity to value a persons job to where it reflects in pay. Then every job should be done like this. There should be noone getting paid 200k a year. The purpose argument is an abuse of a person's purpose and career choice. This is not integrity, and this is not justice and this should not be conflated into "purpose equals teacher pay is enough." Its more like, i like teaching and no one cares enough to raise my pay so i have to make it work and live off of less to save myself. Which isnt something to be proud of that we live in a country that cares more about going to other countries and lifting their people out of their own self made circumstances but refuse to serve our people who choose to serve us. Very manipulative messaging.
It sounds like a modified concept of equality. It's like he's suggesting that investing more effort in your work and not expecting to be rewarded equally is the way to go, which in my opinion is not a great way of thinking lol, probably very unpopular on widespread scale
Good people care about right and wrong. Absolutely, true! I tried to voice out what is wrong in the workplace to the manager but was just swept under the drug. I left because I can not handle the culture of the workplace. I am so eager to find a company that upholds what is right and correct what is wrong, has leadership, teamwork, and healthy attitude. Sounds like paradise but I believe there is a workplace like that somewhere. There's got to be.
I have been limited on what jobs I can do due to lifelong physical issues with chronic pain. I can barely take care of myself let alone caring for a family and an overpriced house. I have never held a job that paid enough for me to support myself. Everytime I have managed to earn more money, the cost of living has increased which makes the increase in pay a useless endeavor. This usually required switching companies rather than getting a pay raise at my current employer.
I feel like the only way to do this study is to only look at single people. Or if both partners were the same profession. Otherwise type of profession can’t be an indicator
For me it isn't a dollar amount, its job security. I'm making good money but I don't know when that ends or how long the gap would be. I feel that I cannot commit to things like a home mortgage because I haven't stayed at a job longer than 2-3 years. So do I rent for 10 years while I scrape together a down-payment and put off raising a family for a whole decade? I'm already almost 30, I'd be starting at 40 where most people should be at 25. I work in a highly competitive entertainment industry, it doesn't pay much compared to some STEM, sales, or trades jobs and its unstable but it is fulfilling and I love doing it. All my skills and training center around it and I don't really see greener grass or a reasonable pivot to anything else. Kind of in a situation where the job has to become my life and family would be set aside anyways with 16 hour work days at the office in order to skill up, move up, and maintain it.
Feeling? No, I am behind. I'm sitting in an entry level job for 8 years at 38 years old.. life feels pointless. No amount of "keep pushing through" motivational speeches will help. I'm chasing a bigger paycheck AND meaning and I get none. I'm actually hurting.
40 here. Recently divorced. I'm started negative now. No light in sight for the next 15 years. Brothers its all bad everywhere for everyone. American Dream is dead
Maybe I'm wrong but I feel like never really learned about what to do about being behind in life. Unfortunately that's already second video I watched that disappointed me in this way.
I make about 100k, but where I live half of my money is taken in taxes and houses start at 750k…so yeah, I’ve given up on my goals, there’s no hope. I was hoping to be married and have a house, neither of those are possible, especially for me
@@ds3602 yeah, I’m aware, which is why I’ve given up on ever buying a house. Or any other goal I’ve had. My income bracket is pretty much minimum wage where I live. So my future is bleak, I’ve given up. Don’t even have a wife or kids to look forward to…
@@ds3602 When the housing market crashes those who bought a house will be F'd. Those who are renting now will have a black friday sale on these foreclosed homes wh ich will go back up in value
@@timgibney5590 well I have the latter covered, but yeah you’re right. I screwed up my life by not owning a home by the time I was 30 and I’m regretting it now.
I’m curious about one thing about this study, how did you take into account married couples where 1 person is an accountant and 1 person is a teacher, so technically it was the accountant that made them millionaires. That would make the data flawed.
Yeah, especially since teachers work a lot more hours than what they do in the classroom. If you break down their pay compared to the total hours that they work, we would probably find that teachers make around minimum wage.
I'm curious as to know how many of those "millionaire teachers" are surviving on a single household income "with families, home, and cars..." Also, teachers (particularly public school teachers) have the opportunity to work off their student loan debt in ten years without paying it off full through student loan forgiveness, which Ramsey Solutions seems to be dead set against.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’’ 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 for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
In 1987 when i started driving i bought a very nice mustang with 60,000 nikes on it for $1500. Minimum wage was around $3.10/ hr. So fast forward to today that equivalent car would cost $25,000 so no matter what you do you have to make more! And guess what? WE the WORKING people are getting drowned out. Leaders dont care about anybody but themselves. So why should workers give a rats ass about anything? No retirements $400,000 houses $100,000 pickup trucks $4 gas. People are fed up!
mattd.4133 that was quite a bargain you bought if it included all those shoes.
Ken could you do an experiment applying for jobs online? Maybe have it in tiers (entry level, mid level, senior) and let us know the results? Just curious how you can get ahead in the current job market.
He wrote a book about how applying online is the worst way to get a job.
@@Nardaa-ox3behow else tf you get one? 😂😂😂
@@user-vi5vd3ty9dKnowing the right people. It’s unfortunate that the world works like that but it’s true.
Teachers should be paid more. We need more teachers.
Better
No
Stop trusting the government to raise your children
If you didn’t acquire housing / assets before 2020 - your wealth building potential is significantly less than those who did within your same income bracket.
You’ll now have to pay significantly more for rent / mortgage and will have much less disposable income to invest and build wealth - simply by a few years of bad timing .
Those who even make less money than you are better off if they secured housing before 2020 as well.
Society of haves vs have nots
Ken is definitely the front runner to take Dave's seat when he retires.
This is huge. Thanks Ken
Great insight. You just described me.
8:10 if this argument is really legitimate. Purpose vs. Having the integrity to value a persons job to where it reflects in pay. Then every job should be done like this. There should be noone getting paid 200k a year. The purpose argument is an abuse of a person's purpose and career choice. This is not integrity, and this is not justice and this should not be conflated into "purpose equals teacher pay is enough." Its more like, i like teaching and no one cares enough to raise my pay so i have to make it work and live off of less to save myself. Which isnt something to be proud of that we live in a country that cares more about going to other countries and lifting their people out of their own self made circumstances but refuse to serve our people who choose to serve us. Very manipulative messaging.
Agree. Sounds like a speech a cash strapped politician or superintendent would give.
"What you're doing is so much more important than money!"
Big businesses want you to teach their future workers, they don't care about you and will do anything to get it done cheap.
It sounds like a modified concept of equality. It's like he's suggesting that investing more effort in your work and not expecting to be rewarded equally is the way to go, which in my opinion is not a great way of thinking lol, probably very unpopular on widespread scale
No person should ever compromise the way they want to live over satisfaction of a careers purpose and salary.
Good people care about right and wrong. Absolutely, true! I tried to voice out what is wrong in the workplace to the manager but was just swept under the drug. I left because I can not handle the culture of the workplace. I am so eager to find a company that upholds what is right and correct what is wrong, has leadership, teamwork, and healthy attitude. Sounds like paradise but I believe there is a workplace like that somewhere. There's got to be.
Have the teachers built that wealth off of their income alone? Do they have secondary income? A spouses income?
Thank you so much for the comment about supporting single working moms! What’s the plan?
I have been limited on what jobs I can do due to lifelong physical issues with chronic pain. I can barely take care of myself let alone caring for a family and an overpriced house. I have never held a job that paid enough for me to support myself. Everytime I have managed to earn more money, the cost of living has increased which makes the increase in pay a useless endeavor. This usually required switching companies rather than getting a pay raise at my current employer.
I feel like the only way to do this study is to only look at single people. Or if both partners were the same profession. Otherwise type of profession can’t be an indicator
Gracias
For me it isn't a dollar amount, its job security. I'm making good money but I don't know when that ends or how long the gap would be. I feel that I cannot commit to things like a home mortgage because I haven't stayed at a job longer than 2-3 years. So do I rent for 10 years while I scrape together a down-payment and put off raising a family for a whole decade? I'm already almost 30, I'd be starting at 40 where most people should be at 25. I work in a highly competitive entertainment industry, it doesn't pay much compared to some STEM, sales, or trades jobs and its unstable but it is fulfilling and I love doing it. All my skills and training center around it and I don't really see greener grass or a reasonable pivot to anything else. Kind of in a situation where the job has to become my life and family would be set aside anyways with 16 hour work days at the office in order to skill up, move up, and maintain it.
Feeling? No, I am behind. I'm sitting in an entry level job for 8 years at 38 years old.. life feels pointless. No amount of "keep pushing through" motivational speeches will help.
I'm chasing a bigger paycheck AND meaning and I get none. I'm actually hurting.
I’m 35 and behind too. It’s tough
40 here. Recently divorced. I'm started negative now. No light in sight for the next 15 years. Brothers its all bad everywhere for everyone. American Dream is dead
In other words, be poor and be happy and don’t complain.
Im on baby step 4!!
please take a look at the FIRE movement and the way to do what ever you want.
look up the term : keeping up with the joneses
Maybe I'm wrong but I feel like never really learned about what to do about being behind in life. Unfortunately that's already second video I watched that disappointed me in this way.
I make about 100k, but where I live half of my money is taken in taxes and houses start at 750k…so yeah, I’ve given up on my goals, there’s no hope. I was hoping to be married and have a house, neither of those are possible, especially for me
@@ds3602 yeah, I’m aware, which is why I’ve given up on ever buying a house. Or any other goal I’ve had. My income bracket is pretty much minimum wage where I live. So my future is bleak, I’ve given up. Don’t even have a wife or kids to look forward to…
@@ds3602 When the housing market crashes those who bought a house will be F'd. Those who are renting now will have a black friday sale on these foreclosed homes wh ich will go back up in value
@@Mashfan6507 Women won't date a guy who doesn't own a home before 30 and is not 6ft tall. FACTs
@@timgibney5590 well I have the latter covered, but yeah you’re right. I screwed up my life by not owning a home by the time I was 30 and I’m regretting it now.
Ken's married and less than 6'.
I wonder how many of these teachers have a spouse to help with income.
I’m curious about one thing about this study, how did you take into account married couples where 1 person is an accountant and 1 person is a teacher, so technically it was the accountant that made them millionaires. That would make the data flawed.
Their “airtight Research” is a way of saying that it was not IRB approved or even monitored study…
Is the teacher salary discussion actually proven or is this an analogy? I don't hear a lot about teachers being satisfied with their rate of pay...
How many of them are a 2 person income household
@@jakeevans7617that’s what I want to know. Facts can be twisted any way you want.
Yeah, especially since teachers work a lot more hours than what they do in the classroom. If you break down their pay compared to the total hours that they work, we would probably find that teachers make around minimum wage.
I'm curious as to know how many of those "millionaire teachers" are surviving on a single household income "with families, home, and cars..." Also, teachers (particularly public school teachers) have the opportunity to work off their student loan debt in ten years without paying it off full through student loan forgiveness, which Ramsey Solutions seems to be dead set against.
Ken, you’re giving off so much boomer energy and yet I don’t think being Dave’s b”t”h is going to get you what you want 🤷🏻♀️