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My initial retirement strategy called for saving money, working part-time, and retiring at age 62. However, my plan has been significantly impacted by the high cost of everything. If those who experienced the 2008 financial crisis had it easier than I am right now, it worries me. My salary has dropped, and I'm worried about the stock market since I can't contribute as much as I used to, and I worry that I won't have enough money saved for retirement.
Saving at least 20% of your income in a 401(k) is advised. To determine how much you should save given your age and salary, you can utilise internet calculators. You may make sure you have enough money for a comfortable retirement by contributing at least 20% of your income to a 401(k). You can benefit from stock market investments and even increase your retirement funds over time by setting aside this much money.
Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Annette Marie Holt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I retire in 10 days at age 65. I will have enough to live on but not wealthy. At this point in my life, time is worth much much more than money. Puttering in my garden, spending time with my kids and grandkids and a little travel is enough.
Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Older brother retired at 48. He and his wife spent their 50s traveling the world, including 3 world cruises. He’s now in mid 70s, plays golf 7 days a week. My advice to young people is learn how to manage your money, save early, be thrifty and be lucky!
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
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
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Retired at 52. No regrets. That was 6+ years ago. I could have made a lot of money in those 6+ years. It's not all about the money. And I loved my job. Many said I would be bored retiring so early. Quite the opposite. I rarely have time to sit down and do nothing. If you are bored in retirement you are doing it all wrong.
I waited until I was old, 68, but got all the bills and house paid off. Now, I am actually living, I feel. Even when I am doing nothing, I am not bored, life itself is so fantastic, so many little things to enjoy, even just things like the soft noises my cat makes or how the light shines though the window.
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Camille Alicia Garcia* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
I know a few retirees who live solely on SS. So if you have your house paid off and have a few thousands saved or invested I think you shouldn't lose too much sleep about these things. Yes you won't go on as many cruises as other boomers but neither do millions and millions of retirees across the world.😮
I retired at 56 taking advantage of an early retirement program. I did so to take care of my 95 year old mother. I missed work but did not regret a minute of it when she passed away at 97 and I kept her out of a nursing home
Isn't it great lying in bed on a Monday morning knowing you don't have to get up? I'm 56, quit my p/t shop job in January, still do 7 hours a week as a self-employed cleaner, but I do it when I choose to. Tonight, I got my tent packed up in the car and am off camping for a few days tomorrow, to take advantage of a mini-heatwave here in the UK. My husband works 2 days a week at the week-ends, really easy job, so we have the week off. I have time to cook. A blogger I follow makes up 4 Bento Boxes for her lunch and I have just started doing the same. I go to the shops and spend £10-12 on food and get 8 Lunch boxes, so £1.20 for lunch each. I buy salads, a protein and bread, maybe make up a pasta salad. Last week was Italian themed, this week is greek, with Feta cheese and hummus. Having more time means more time to plan healthy cheap meals, and make them up. We have an allotment and grow our own veg, so once all the salads are big enough to eat, I will be able to halve the spending on lunches.
The financial advisors we have used have been mediocre at best as far as returns go. One can get 4-5% on their own and that is all these advisors seem to return. We did much better buying equities in companies in the industries were work in.
Professionals have access to exclusive information and data that is not available to the general public. Implementing successful strategies requires accurate information.
I totally agree how important it is to have an investment coach to support you in your day-to-day decisions. Their skills in balancing buy and sell positions with risk management combined with proprietary insights and analysis have consistently outperformed the market. Personally, I have made a net profit of over 1.5 million euros in the last two years.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement..
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns...
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “JENNY PAMOGAS CANAYA”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself...
My mother worked up until she literally died at 78 years old. She had a brain aneurysm while at work and died 16 hours later. My sister and I chose to retire much younger than our mother. Life is short and you never know how short yours is.
She may have died at 55 if she retired at 50. The sad fact is you think work isn't life and hate it. "Get to do what I REALLY want to do, finally!". I always chose work I REALLY wanted to do. Why didn't all of you? That was your choice and your mistake. All about values. You see people who work to 78 and die as "not having REALLY lived". I see all of you as fools. You wasted 45 years doing work you hated, never doing what you wanted. How sad and tragic for 95% of you.
@@sammencia7945It’s awesome that you’ve always had the option have jobs that you REALLY wanted to do. Life just doesn’t unfold that way for many people. And smugness isn’t attractive btw.
@@sammencia7945 "Fools" is harsh, sir. Please keep in mind that some universities didn't even accept women until the 70's. If you wanted to be a teacher or a nurse, you had to accept a starting salary of less than $10K back then. It was also much more difficult for some people to be hired and/or promoted into upper management 40 years ago. If you had a family to support, you had to make do with the best job you could get because you didn't have the luxury of holding out for your dream career.
@@iriscsimbok5152 Push your BS Narrative elsewhere. Women could get credit cards by 1974, abortions by 1973, and EEOC in 1965. In 1979 women exceeded men in college enrollment. All of those women could work as adults as equals THEIR ENTIRE ADULT LIVES and they are now ALL over the age of 70. Women in 2023 are 60% of college graduates (but that is not discriminatory, eh?). Your propaganda and victim culture will not be tolerated. Lie to someone else.
1. Your health - nobody knows how many days they have left 2. Stay healthy - preserve your health 3. Longer active part of retirement - maximize the "early" stage of retirement 4. Escape - get away from a job you can't stand 5. Care for family - take care of someone you love 6. Relationships - recover friends and family members 7. Hobbies and interests - pursuing things not possible while working full time 8. You have enough - you and your advisors think you've met your financial goals 9. Learn new things - learn things not possible while working full time 10. Your health insurance is covered - you don't need employment to have health insurance
@@DrSchor DrSchor, are you and I the ONLY ones here who enjoy working and have a positive attitude? Seems only 5% like to work. 95% hate it, fear death, fear not "doing what I really want to do".
@@sammencia7945 it’s sad that many folks don’t love their work. I believe much is mindset- everyone is working a job they chose. Choose a better attitude and/or a more appropriate work.
@@sammencia7945 I love what I do, but some jobs become intolerable. I changed jobs after 15 years of the slow decline into what I call intolerable. Some people (I know personally) believe that they cannot get another job that pays as well or has the benefits. Some think they are too old. Some do not like change. Some work so much that they have no time for those 'other things" which is the category I fell into. I worked 5 or 6 days a week and spent the other days recovering or doing 'chores'. Most single people have to take care of it all on their own.. no spouse to take care of the 'honey do's' or errands, shopping, or many things that have to be done. Much less time for hobbies or social life. I now have a job that I do like and made the decision that if I ever felt that 'dread' going to work, I would quit and find something else. It is not a one size fits all.
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.!!!!
Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
Lately, I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $200K in the stock market, experiencing fluctuations without substantial gains.
Opting for an investment advisor is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q4.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@@KingDavid-jj7tk It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@Alexander Webber 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.
@Alexander Webber I might have heard this name somewhere, but can't really recall. I'll be following her up. Thank you. Do you know if she manages family fund too?
They never discussed that topic? Maybe he shud have done that too? Civil Service workers make. THAT MUCH Money? $6 million in Investments? Then You must rbe even Richer? You are a certainly doing what She did? Any tips on who she talked too or put her money?
When I was 61 the company I worked for offered a voluntary layoff with a decent severance and health insurance package. I took it and have enjoyed a stress-free life since. We travelled a lot before COVID and checked off most of the places we had always dreamed of visiting. I turn 68 in a week.
I will retire in 2024 at 75 years old. I still work part time and obtained two educational degrees over the past seven years. I enjoy the lifestyle and so do many of my friends who are retired. Learning and earning still works for me.
When I graduated college, I immediately created a retirement plan. I took a columnar pad, and plotted out how much I needed to save and invest to retire at 50. I didn't really understand inflation, or how much I would need to save. I also didn't factor in career success, and what that meant for my saving rate. So those two factors cancelled each other out. Several plant closures, sales, and layoffs later, I was 50. I was way ahead of where I thought I would be, so I retired. 16 years later, it is still working so far.
President Taft thought that people needed 2-3 months paid off time every year, he kept trying to get that passed! I found out that there are many things I did not think about when working, that are what life is about, and expect the same is true for others, and it is important to experience. As far as money, I just decided to deal with that I have enough to pay my bills and just a little more for pizza or a drive here and there, not cruises or traveling to other countries, and that is perfectly fine with me. I can sit comfortably in my home on a winter day and watch people traveling in other countries, and almost be there, but still have a bathroom I am familiar with and snacks in my kitchen, it makes me happy. Everyone has their priorities, and I met my goals of having no mortgage or credit card bills, and all is good! Love to all and have fun. Thank you, Mr. Shmidt! I love your videos!
I biked 7 miles to work every day for many years. It was a rural route, with low traffic. I used to joke that someday when they were doing my autopsy, the Dr. would say " This guy has the heart and lungs of someone 20 years younger. It's too bad about that truck mirror sticking out of his brain!" Well, I retired at 57, and I recently found that proverbial truck, when I was diagnosed with Pancreatic cancer. No cancer or even early deaths in my family. No smoking or other risky lifestyles, but here I am. I'm so glad I retired early. I had five very great years of retirement, but my chances of having another five are pretty small. If there is a way to go early...do it!
@bruced.370 Because of Jesus, I know that I am safe, no matter how the cancer diagnosis plays out. I will either be healed temporarily and survive the cancer, or my body will die, and I will be healed forever in God's kingdom.
So sorry for everything you must be going through. Happy you had 5 healthy years of retirement. I had to have emergency brain surgery a few years ago which really shifted my mindset and appreciate things. I hope you’re able to recover and enjoy your retirement. 5 years just doesn’t seem fair. Your comment is exactly what I needed to see today
I'm really concerned a bank the size of SVB could fail, thus pulled $350k out of my bank, the FDIC provides coverage up to $250k only. I'd appreciate suggestions where to put my money at this point, for a comfortable rtmnt, and as well hedge against inflation.
I retired at age 42 now I’m 52. I noticed time goes faster when I’m retired slower when I was working. I love retirement no stress at all. Spend time with my garden and family and friends
Time goes faster because you are getting older. If you were still working, time would have gone faster too. Just think when you were a kid where a day felt like a week.
I retired at 55 with my health insurance. I did so because I was so stressed my job was affecting my health. I was completely burned out. My immune system was compromised. I was falling a lot and I felt like I was being pushed out by administration. The money was good but it wasn’t worth how going to the job made me feel. I didn’t hate the job per se as much as I didn’t feel I belonged in that environment. I took my health insurance and moved to Florida to be closer to my daughter which was another reason I left. I considered working in the field again but once I left it, no one would hire me. Maybe I was too old for them or as I concluded, my heart was no longer in it. Now I have the time to pursue my passions, to learn new things and I have a longer active period of time to do so. In the end, I retired early because I wanted to stay healthy. I didn’t want to wait so long that all I could do was say “Goodbye” and die. I saw it happen many times and I didn’t want it to happen to me.
I am a 'yes' in every single catagory you mentioned. Retired last year mostly to help my wife take care of our special needs son and because my job was extremely stressfull and generally horrible. It's so nice not having to worry about my job anymore. The pit I felt in my stomach everyday while working is gone and I now look forward to the future.
Agree entirely. So many jobs are just jobs that you need to do do bring in money and offer few if any other rewards. And they can pile on stress, which will decrease both the length and quality of your life and health.
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
you don't have to have 1m to retire. I just watched a video where the guy did the math for two people to retire minimum was about 250k. monthly expenses about 4500 and rate of return abt 6% on the 401k. or investments. For a single person you could do it on about 150 to 200k.
Sincerely, I'm genuinely moved by what you said about early retirement. And yes i equally agreed with you It's the FREEDOM from being able to make a conscious choice, each and every day, in terms of how you’re going to spend your time… I have about 40k that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.
Yes, employing an invt-advisor is the best option, particularly for those who are about to retire or are novices who have little understanding of the market. Before I hired an advisor in March 2020, during the lockdown, my portfolio would fluctuate like a seesaw. With further investment, as of right now, this is how I've been able to expand up tremendously to seven digits in ROl.
Interesting. 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.
Vivian Carol Gioia is the Consultant in charge of my portfolio. With over three decades of service, she's earned a reputation and internet awareness, so finding basic information should be simple.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I've just retired recently and I must say I found this video informative and great to review. These psychological concepts are much more useful for individuals attempting to avoid mistakes than I realized when I was first introduced to them. This is probably why Warren Buffett talks so much about temperament being crucial to his investing success.
Developing a solid financial portfolio is more difficult, therefore I suggest you seek expert assistance. The ideas you receive after that can be tailored to your long-term goals and financial desires.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "CHRISTINE JANE MCLEAN " a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
@@DavidRiggs-dc7jk I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2022
My portfolio recently reached 6-figures, and here's what I have to say about it. It is important to carefully analyze your options and keep an eye on the economy when investing during inflation. Make sure your portfolio consistently reflects your risk tolerance and financial objectives by reviewing and rebalancing it. A financial advisor can offer tailored advice based on your unique situation and assist you in navigating the challenges of investing during inflationary periods.
Working with a financial-advisor could prepare you for life. While others were complaining about inflation, I was busy cashing out from my Diversified-portfolio, finally making over $370,000 for the first quarter of the year. I'm thankful that I was able to to get in touch with my coach, Joseph Sullivan Anderson, early this year. We were able to pay off our debt and start saving for our retirement thanks to Joseph Sullivan Anderson.
I've considered consulting with advisors. I need advice because I want to retire early and become more financially literate, but I'm not sure how effective their services will be.
My Advisor....would tell me that saving nothing is foolish, and that saving every cent that isn't already being used to pay bills or buy groceries is unreasonable if you want to retire early. A well-diversified investment portfolio is a must.
My advisor;Joseph Sullivan Anderson, acts as a fiduciary with significant knowledge and does not promise outrageously high returns. Working with him has been rewarding, and he has been extremely helpful in reorganizing my entire portfolio. Because of his many years of experience, he is an excellent resource for anyone attempting to comprehend the financial industry. I recommend that you look him up
I am retired, but still working! WHY? My work is physical and I work at my own pace doing a lawn care/landscaping business and it keeps me active and helps me live a better life.
Thank you for stating some obvious points, but in reality many people miss. To your points: I retired at 55 because we had more than we had planned to have, my health was going downhill with the long hours and stress, and I wanted to spend some time with my young adult children before they fully fledged from the nest. MOST IMPORTANTLY: To ensure my marriage thrived! Gray divorce was my biggest threat to a satisfying and secure retirement. Your videos have been a blessing. Thanks!
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways.
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
@Margaret we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@Margaret I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks
Mortgage rates are low compared to historical norms. Houses are way up in price, but this should help you when you sell your current cash. I would NOT count on a housing crash. Fluctuation? Sure. But look how fast it recovered from the financial meltdown. Don't count on that happening again. Buy for a place to live, not as an investment.
Great video. I retired 1.5 years ago and have no regrets. My husband just retired in March . We both loved our jobs but many days weren’t easy and it was time to be done. We are definitely the sandwich generation…help with grandkids and our moms. It was hard to manage everything with a full time job.
My parents never retired because they both died young. Another family member worked his ass off so he could retire early. He had a successful company, sold it so he could retire and died suddenly 3 days after closing. I'm due to retire in 18 mos and hope to god i make it.
@@New-bw4kz Thank you for sharing. You don’t have to go on a cruise if you don’t want to. Millions love them! It’s best to have others around who enjoy them too. You do what’s good for you. God Bless!
Just retired 3 months ago at 54. Best decision I have made in the last 3 decades! Our most precious commodity is TIME. Exercise, chores, hobbies, friends and family... now I have the time they deserve.
Recently, I've been thinking of investing in dividend stocks for retirement, and I've set aside $350,000 to do so. However, I'm getting cold feet, maybe because I'm a beginner with no understanding what I'm doing; please advise.
If you are new to the markets, I would recommend that you seek the advice or help of a financial counselor or investment coach. In these unpredictable times, that is the best method to enter the market.
@@esnolgalves3344 I agree, investment coaching seems like a wonderful idea; I've considered it previously but never sure how to go; have you employed a coach? How was your experience?
@@BillyQ12 I won't reveal too much, but I have been working with a coach since October 2022, increasing my portfolio's monthly dividend income from $70k to almost $220,000k. It is not nearly as difficult as it formerly was, and is really simple.
@@esnolgalves3344 That's amazing! How could someone approach a coach like that to receive investment advice. Could you please provide your coach's information?
He makes a good point when he talks about your health and how much time you have left. But the fact is, everybody, whether you're healthy or not, we are all terminal, keep that in mind
A strong factor driving my retirement decision was losing a coworker(and his wife) in an unexpected car accident. Now 61 and been retired 4 years is was a good decision.
I’m 55 and retired. Currently traveling in Colombia. Was in Mexico before that. Was hiking with my little cousins in Sedona before that. Was in Nicaragua for new years. Spent most of last year traveling in Europe and getting aquatinted with my new godchildren in England. I had a successful career working at a job a never really loved. I woke up one day in 2021 and said “that’s it” I live within my means. I stay out of debt. At some point I will get tired of traveling and will want to put down roots (probably) maybe I will decide to work again. Probably not. But these days, I’m living for myself. I intend to continue to live at or even below my means. I will continue to invest money left over that I don’t spend. Will collect ssn at some point. I’m going to be responsible, but not spend the rest of my life terrified about running out of money 💰
I’m so pleased when I get a notification when Holy Schmidt posts. I thoroughly enjoyed the presentation, information and the happy dude dancing at the end 😂
This is one of your best videos to date, Geoff.👍👍👍 I've been retired for a little over a year now. Ironically, it was a job to get everything done to retire. 😜 Thankfully, my health isn't one of the reasons I wanted to retire, but you ticked off a number of other reasons. The pandemic really placed what I wanted to do for the rest of my life in sharp focus. Beyond taking care of my family first and foremost, there are two longstanding dreams I really want to accomplish in retirement: (1) be a commercially successful writer and (2) learn how to play guitar at a much better level than I do now. There are other things I enjoy and will pursue, but these are the two things I want to do the most before I check out of this world. 💪👊
@@sammencia7945 Life hasn't been easy. There were too many responsibilities and too many obligations. I have been working on guitar intermittently and have advanced, but would just like to get better to be on a gig performing level. As for writing, I had a job that involved a lot of technical writing that I liked, so I have done this on some level. I wasn't willing to be a starving artist to pursue the freelance writing career I wanted. I had obligations to a family; they come first. In retirement, I have the time to pursue these interests among others full time and at an unfettered level they deserve.
@@rudygracia5573 I wouldn't gig for the money. I'm retired. I'm gigging because I love music and it would be fun to do. If I make a little cash along the way, then great. It depends on what you play and how good you are on how much you can make. You can also post your playing on YT.
My father-in-law ‘took a break’ from work the day before he died. I also love my profession but in my mid 50’s a lot of health issues (and some mental too) began to creep in so I pulled the trigger and left with the accumulated wealth I had at the moment. I could have made a lot more money if I stayed at work but after getting rid of a few big toys now I have enough income to live a comfortable lifestyle.
I have been retired for three years now and I do not miss working at all. It sure is nice getting up at my leisure and doing what we want to do, when we want to do it. Going shopping during the week when the stores are fairly empty is wonderful. Going for a hike to birdwatch when we want to is wonderful. We changed our diet a year ago and lost lots of weight and I am off all prescribed medicines. Life is good.
there are two answers I like to give regarding early retirement, and you mentioned doing what we want/when we want to do it, and the second is taking our time. During the working years it seems there is never time enough, everything we do we rush through, and early retirement is us giving ourselves the most precious gift of all, time.
@@jessefletcher9116 yes! Im not retired, ...just not working FT now, and the other day I actually put an apron on to keep my dress nice and I cut up Garlic not in a hurry and onion I'm anyway long story short I made a beautiful eggplant dinner and I did it in a relaxed manner like I never did before, every time I was in the kitchen before I was going as fast as I possibly could and worried I'd be too tired by the end of the night to clean up
@@maryhall1181 everyday tasks that you have to do on your day off like mowing the lawn, washing the car, going to the grocery store, they all are so much more pleasant & less stressful when you retire and can take your time.
Awesome food for thought. I've been thinking about it, but honesty, I really don't know my numbers. I make a good living, the job is comfortable with little stress. I'm just done mentally with the 9 to 5.
I'll be retiring or working less in five years, and I'm curious about how people split their income-how much goes into savings, spending, or investments? I earn around $175K per year but have almost nothing to show for it yet.
There are numerous strategies to achieve high yields during a financial crisis, but it is crucial to undertake such trades with the guidance and supervision of a professional financial advisor to ensure informed decision-making and risk management.
That's true. I've been assisted by a financial advisor for almost a year now. I started with less than $200K, and I'm just $19,000 short of half a million in profit.
Rebecca Noblett Roberts is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up.
Hey Geoff! At 3:48 I'll be pondering this for a while... You can have the money, you can have a good family life and you can have your health. But you can't have all three.
As was mentioned, our most healthy retirement age is typically no more than 75. Medicare, which is typically quite a bit less expensive than state policies or COBRA, starts at age 65. This is why, for those who are not healthy, retiring at or soon after 65 makes the most sense, especially if you also have savings to supplement SSI.
So, fra is 10, 2024. Still working. The difference in SS benefits is a good chunk from now till then. These past few years have taxed my health and finances. I have to weigh take SS now or wait till fra. As a female truck driver, it has been hard. Your videos are thought provoking. Ty.
Federal Reserve may soon lose control of interest rates, claims Heresy Financial. This comes as a result of the United States government's intention to embark on a $1 trillion borrowing spree. This might cause the banking sector to lose so much liquidity that rates spiral out of control and are no longer in the control by the federal reserve. I'm sorry to say that despite investing, I lack the mental capacity to evaluate each company's performance and decide whether or not now is a good moment to acquire stocks. My reserve of $650K is being wiped out by inflation and the recession. Sincerely, I have no idea what to do.
Bad year for me, META is down 40k, ALLP is down 35k, Draft Kings is down 6k, NIO is down 15K, ABML is down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
@@trazzpalmer3199 I concur with you as well. I prefer to have an investing coach's advice in my day-to-day investment decisions because their skill set is based on short- and long-term holdings for profit realisation and their unique analysis makes it practically impossible for them to underperform. My coach and I have been working together to invest for literally four years, and we have already generated over $1 million in net profits.
@Champ Hallier My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
You touched on all the reasons I'm retiring now at 62. I wanted to retire at 60, but just didn't feel financially set, so my goal became 62 or boke! The 2 major reasons for me are health and the loss of enjoyment of my job. I used to enjoy my job, but behaviors of some of my coworkers have gotten worse and have set up a toxic environment for me. I am no longer going to put up with mistreatment, especially when it is affecting my health. I'm a hard worker and dependable, but I feel unwelcomed at work. I do feel I'm very lucky, because I can retire early. Hubby and I have taught our son the minute he got a job to save up for retirement. We taught him how to squirrel away money and how to invest it. I'm very excited about retirement, because there is so much for me to do. So many thing's I've wanted to do, but couldn't due to being so occupied with my job. I also feel that I am contributing to society by retiring, so there will be a job opening for the next generation.
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
you need a Financial Advisor my friend so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, I started with a trusted Financial Adviser named NICOLE DESIREE SIMON“. She is verifiable, and her approach is transparent, allowing me full ownership and control of my portfolio while charging very low fees in comparison to my portfolio earnings that worth more than half a million dollars.
@@devereauxjnr It was run by NICOLE DESIREE SIMON, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
@@Petroguest-i4g Insightful. Your counsel couldn't have come at a better moment because I'm currently barely holding on. I'll do some research on her online before calling her.
Thank you so much for this list. I didn't retire early but I still wondered if I should have stayed at work. This gives me some peace as my reasons to retire are seen as a good reason. I fit into reason 4. I HATED WORKING!!!!!!!!!!!!!!!!!!!!!!! I have ADHD and bc of this disorder I could not perform well enough to have any financial stability. I worked very hard but no matter what industry I tried, no one was happy with my performance. It affected my health as I was always broken hearted. My bosses were not bad people, they saw how hard I tried and they did the best they could to make the most of what they had in me but after a year or 2 they had to lay me off. I also fall into number 8. My financial advisor showed me what I would get in retirement and it was enough. THANK GOD!!!!!!!!!!
Most people who tell you they enjoy their job and they don't want to retire, is because they're broke and they can't retire. But it makes them feel better saying they love their job and they want to keep working
My husband enjoys his job so much that he’s decided to retire at age 70. He’s highly paid, and a highly respected expert in his field. He has seen several coworkers retire early, not know how to fill their days, and die earlier than was expected. He’s concerned that he’ll end up the same way, even though his relatives live well into their 90s. He’s got hobbies and activities that keep him busy; however, he’s concerned that when he retires, he won’t be looked upon as the respected ‘expert’. I left my job at age 58 to help care for his aging mother, and to design and have our own retirement home built. The day we signed the contract to purchase the land (with an existing house that we later scraped to build our custom home) in another state (let’s call this ‘State B’, his employer announced that his job was being transferred to another state (this is ‘State C’). Great. We were just finishing the remodel of our ‘dream kitchen’ and had to sell our house, located in ‘State A’. We had a new house built in State C, along with the concurrent design of our new retirement home in State B. I traveled back and forth between these two houses for a couple of years. During this time, my MIL died (at the ‘young’ age of 87), my mother died (aged 90), and my eldest son was married. Then COVID hit. Our retirement residence was ready for occupancy in mid-March 2020. We were the first in the city to have a FaceTime house inspection done! We stayed at this house for over 3 months, with my husband working remotely, before we drove back to our house in State C, about 1,000 miles away. I have continued to go back and forth between these houses as additional finish work, fence and security gates, and landscaping with extensive earthworks has required me to be there. For months at a time, I’m full-out working on construction-related items. This last trip required my presence of 6 months. Even though I haven’t worked for a paycheck since age 58, I’ve continued to fill my days with ‘work’. We’re both 65 now. I enjoyed working for my previous employers, and was even self-employed for a decade prior to the Great Recession; however, I had quit my last job due to two unreasonable, narcissistic Directors who created an unhealthy work space. When you’re older, few people care if you were an expert in your field. Few people care if you possess specific skills or talents. Your opinion is often dismissed. Anyway, there’s little left to prove when you’re older. I’ve had seven years of ‘retirement’ practice, while my husband has not. I asked him if he’s concerned he won’t be known as a respected professional (Yes); perceived as being relevant (Yes); treated as a contributing member of society (Yes). I told him, “Welcome to what I’ve experienced. Use this opportunity to ‘remake’ yourself.” I’m also encouraging him to explore consulting positions, as a number of his former coworkers have returned to the profession after retiring for 6 months, and his skills are still in high demand. He’s hesitant, as most consultants cannot directly affect change in a project. He underestimates the cache he’s built regarding his knowledge base. This different future is recently beginning to gel in his mind, as I was unexpectedly injured in a minor mishap during a construction project at our retirement home in State B a couple of months ago. The recovery has taken an extended period of time, and he’s rather shocked that I haven’t bounced back the way I normally have. I was so exhausted upon my return to State C that I slept for most of the first 2 weeks home. I now fully feel every bit of 65. I want to enjoy our retirement together while we’re both relatively healthy. Both homes are paid off. We have no debt. We are financially set for the future. I’ve started pushing him (we had this conversation 2 days ago) to talk with his coworkers, who have become consultants, to figure out if this is something that appeals to him, and if he could see himself working no more than 35% of his current work hours.
I was forced into retirement at age 60 1/2. Received what I called a bronze parachute! I was angry and bitter for the first year, then decided to relax and enjoy it. It was a high stress job with many competing supervisors and requested outcomes. In hindsight it was the best thing that could’ve happened to me. That was eight years ago this fall the only person I ever met. That was sorry he retired was a wonderful gentleman who retired early to take care of his wife who is dying of cancer. Afterwards, of course he was lonely and missed all the social interaction of work. He is by far the only exception I have met.
I’ve been retired for 4 years now and I am just now comfortable with the new lifestyle. Waited until I was 66 but I was planning on waiting until I was 70. I spent 40 years in the finance industry under a lot of stress most of the time. I now like Sunday afternoons. I dropped my crystal ball and was not able to see the future as clearly as I would’ve liked. Fear of the unknown financial future kept me going. I do not regret it, but knowing what I know now, I more than likely would have retired earlier (?). We are very active and do very little sitting.
honestly, this is an amazing wake up call and really good advice. Learning about investing and creating passive income makes retiring asap an achievable goal. I’m on my way, and realize it’s possible! best wishes to you, too.
Great video Geoff! I retired at 55 in 2017 both because I could and due to the fact I had an ailing mother to take care of. My mother passed away last May and my wife and I moved to Georgia. My wife was still working at the time and retired this past December. We moved from New Jersey where I worked for over 35 years, 29 for the state, so yes I have a decent pension. Over the years at the state I participated quite aggressively in a supplemental retirement plan (I believe it was called a 403b plan) Between my pension and that plan retirement should be comfortable. The best part was moving out of Jersey!!!
Good for you! We did the same thing. Pensions and supplemental savings and whatever Social Security ends up being. My husband retires in a few months. Me next year. We already have been enjoying traveling and we are financially set. We paid for our son's college and we are enjoying seeing him pursue his dreams... I think it is really sad to see people have to keep working well after 65 because they have no choice. It should not be that way. Some kind of retirement saving plan should be required by all employers. That way people have to set aside some money each month in that plan.
These are incredible reasons! Thank you! I am glad to have practiced a lot of them in my life already, including number 4 in my career, as there is NO job worths than your health! I pass this onto my siblings! As for health insurance, you can ALWAYS go to Europe other developed country for treatment. No need to bend over to take the sh*t from greedy healthcare in this country! 1. Your health - nobody knows how many days they have left 2. Stay healthy - preserve your health 3. Longer active part of retirement - maximize the "early" stage of retirement 4. Escape - get away from a job you can't stand 5. Care for family - take care of someone you love 6. Relationships - recover friends and family members 7. Hobbies and interests - pursuing things not possible while working full time 8. You have enough - you and your advisors think you've met your financial goals 9. Learn new things - learn things not possible while working full time 10. Your health insurance is covered - you don't need employment to have health insurance
3.5 years till I retire and if I can retire before that, I sure as heck will. Great video Geoff!! I'll have plenty to do: golf, cruises, traveling with my wife, working around the house, studying French.
I’m 55 and will retire next month. Happy in my job but time is the most precious. Looking forward to the next phase. Get out while you have your health. Money isn’t everything.
I am forwarding this to a friend who is debating the merits of working up to 70. He will be 68 soon. Hopefully you have said something that will encourage him to go for it. I am 69, and retired at 66. While I don’t miss my job that I did for 48 years, I do miss some of my friends. Thank you for your insight and knowledge.
Retired 2 years ago and love every minute of it. Archery and hunting is my passion, so if I’m not hunting I’m getting ready to hunt. I work out 4 days a week 3 hours a day and in the best shape of my life. 65 Strong!!!
Go home and rethink your life. Why do you like to kill helpless and nonthreatening animals with powerful weapons since you don't require them for survival or food? Are you so weak and insecure that you can't find another way to make you feel like a man?
Great video! All of these thoughts are going through my head right now as I decide whether to retire or not. Money vs loss of 50 hrs of my remaining time on earth to work doesn’t seem to be an equal trade anymore. Thanks for the great thoughts!
Great content. All very true in my experience. Im partial retired /business owner which is another topic completely. I love my job and my customers and my greatest joy is providing a service for them. My reward is they beg me to not retire.
Just subscribed. I like your low-key, quiet delivery - a nice contrast to the over-loud delivery of other channels. I also appreciated your polite warnings about scammers posting in your comments!
Family and friends relationship went down the toliet when my mom pass. Family is so spread out so much I will never see or here frome again. All the info you pass along I could have used 45+ years ago!!!
Retired 1 year ago at 63, and I love it! Worked hard over the years in HR and as a teacher and was just getting tired of the daily grind. Husband and I planned this move a couple of years ago with the help of a reliable and sound CPA/financial planner. Fortunate and blessed to have between the two of us some pensions and 401K funds. Holding off on taking SS until 65, when I'm eligible for Medicare. If not needed, then I'll apply at the max age of 67. We can take 1-2 nice trips a year if we choose. Living comfortably with decent health, so we pray all stays well for a long time as we continue to check off items on our bucket list and spend time with family.
I am learning to play the Guitar, my Wife Quilts she is the Smart One! I rebuild old Classic Cars! Now that is Fun and Cool! A freshly sanded Body with some 600 grit just does something to the souls even the smell of a Pearl Paint Job is exciting. I am going to write a Book about Cruise Nights Cars & Rock & Roll in the City! So many interludes to the fine times in life before Mondays and Slaving away for a Paycheck. We attend Concerts since we enjoy Music, plays too a play is always a great game for a night out on the Town! We have been married for over 45 years Ah! Who os Complaining? Surely not us as we love one another. We have two grandchildren who we really spoil and send home although they always seem to be here rather than home they like us better I assume! Anyway that is retirement for now as I am rebuilding a beautiful 8-3/4 rear End as it id an Engineering Marvel! While I take breaks playing Maggie May on my back porch hearing the beat of the Quilting Machine sewing. I guess she likes quilting as much as I like Rear Ends and playing my guitar!
Mr. Schmidt, these videos are truly helpful. I appreciate all of the efforts you have put into them. Interesting to hear this time about the book that you wrote about adults juggling jobs and college. Hats off to you for building this successful and valuable channel.
We are semi-retired (working only summer time) at 45. It is not easy to be retired, can be boooring... Money will not solve everything. You must have some hobby or overall good reason to live, otherwise your mental health will suffer. We live in Finland, but winter time 3 months on Tenerife/Spain hiking, swimming Anyway we end working anyway on investment properties (my biggest hobby). Good luck with retire meaningfully!
I’m almost 63 & have worked at my job for almost 39 years. I SEMI-RETIRED (2 days week), about 1 year ago. Brand NEW HOME BUILT in 2022. -0- Debt. My husband age 62 is still working full time. We recently saw a Financial Advisor at no charge. We’re both thinking about retiring at age 65.
Obviously, no Financial Advisors can work at no charge. Do you work for free? 1. Who is he working for, and did he give you advice which was better for his employers than you? 2. What financial instrument did he sell you, such as an annuity? What are his financial advisor credentials? Is he really an insurance or other salesman?
@@annathemaanderson4448 - The answer is easy. It was likely an initial consultation. These are typically no-charge, but they give you sufficient insight for you to do the rest. I've done this several times and have gathered a wealth of information without paying a penny.
My father worked hard all his life, put 4 kids through college, paid off his mortgage and retired early at 59. He and my mother embarked on a long road trip across America, looking for a warm place to live and play golf. Six months later, they came home, and he died from cancer shortly after. He never really got to enjoy retirement. I was in my late 20’s and vowed not to end up the same way. I sold everything, started my own business, travel the world and, now age 62, consider myself retired.
All of you have the same story. Everyone you know is dead at 59. You see glass half empty. "He never really got to enjoy retirement". 6 months off does not count? It is your negative attitude.
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@Erinmills98 I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Speaking of retiring early, I have a question. Is there anything like proof recession stock? I am 31 and would love to retire at 40 years. I would like help in managing my late husband's retirement portfolio which is currently $1.25M...down from a high of $1.67M… He left it in my care and i have absolutely no idea what i'm doing. Ideas?
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off. So perhaps you should hire a pro.
@@aureliobjm Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 60% up in profits just in 5months with my initial capital of $160k
@@ambertraceyy Having a coach is key to portfolio diversification, My advisor is "Heather Lee Larioni" You can easily look her up, she has years of financial market experience.
@@kumarsingh001 Interesting. I am on her page right now doing my due diligence. She seems proficient. I wrote her an email and scheduled a session. How long do you think it will take before she replies?
This video is great! I love my job and plan to work for over 10 more years, but work in oilfield so I could be laid off any moment. Sent link to myself...perhaps I need to start sending these to my personal email. I just feel very comfortable and future oriented at my current job. I love your posts but this is one of the best!
Check out one of our most popular videos - *4 Major Social Security Updates for 2024: What You Must Know* -> ruclips.net/video/zBCmA5Xx7U0/видео.htmlsi=UKlzbdkAe1kuk20O
My initial retirement strategy called for saving money, working part-time, and retiring at age 62. However, my plan has been significantly impacted by the high cost of everything. If those who experienced the 2008 financial crisis had it easier than I am right now, it worries me. My salary has dropped, and I'm worried about the stock market since I can't contribute as much as I used to, and I worry that I won't have enough money saved for retirement.
Saving at least 20% of your income in a 401(k) is advised. To determine how much you should save given your age and salary, you can utilise internet calculators. You may make sure you have enough money for a comfortable retirement by contributing at least 20% of your income to a 401(k). You can benefit from stock market investments and even increase your retirement funds over time by setting aside this much money.
Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Annette Marie Holt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
I retire in 10 days at age 65. I will have enough to live on but not wealthy. At this point in my life, time is worth much much more than money. Puttering in my garden, spending time with my kids and grandkids and a little travel is enough.
Congratulations Kate
So, so true Kate
Congrats! Enjoy your retirement.
You’ve arrived. Me too. Blessings.
Congrats 🍾! Enjoy!!
Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?
Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Older brother retired at 48. He and his wife spent their 50s traveling the world, including 3 world cruises. He’s now in mid 70s, plays golf 7 days a week. My advice to young people is learn how to manage your money, save early, be thrifty and be lucky!
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
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
Mind if I ask you to recommend this particular coach you using their service?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Retired at 52. No regrets. That was 6+ years ago. I could have made a lot of money in those 6+ years. It's not all about the money. And I loved my job. Many said I would be bored retiring so early. Quite the opposite. I rarely have time to sit down and do nothing. If you are bored in retirement you are doing it all wrong.
If you quit making money for doing something you love, you are doing it all wrong. Less generational wealth.
@@DrSchor Nope. I hope I spend my last dime before I drop dead.
I waited until I was old, 68, but got all the bills and house paid off. Now, I am actually living, I feel. Even when I am doing nothing, I am not bored, life itself is so fantastic, so many little things to enjoy, even just things like the soft noises my cat makes or how the light shines though the window.
I'm surprised you quit your job at such a young age, since you said you loved your job.
@@888strummer I don't know his reasons, but maybe he wanted to live a life.
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Camille Alicia Garcia* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
Thank you, I copied and pasted his name on web browser and sent a email waiting for reply.
I know a few retirees who live solely on SS. So if you have your house paid off and have a few thousands saved or invested I think you shouldn't lose too much sleep about these things. Yes you won't go on as many cruises as other boomers but neither do millions and millions of retirees across the world.😮
I retired at 56 taking advantage of an early retirement program. I did so to take care of my 95 year old mother. I missed work but did not regret a minute of it when she passed away at 97 and I kept her out of a nursing home
This is the 4th Monday of my retirement. I hated my job and left as soon as I became Medicare eligible. Every Monday feels like a big win!
Isn't it great lying in bed on a Monday morning knowing you don't have to get up? I'm 56, quit my p/t shop job in January, still do 7 hours a week as a self-employed cleaner, but I do it when I choose to. Tonight, I got my tent packed up in the car and am off camping for a few days tomorrow, to take advantage of a mini-heatwave here in the UK. My husband works 2 days a week at the week-ends, really easy job, so we have the week off. I have time to cook. A blogger I follow makes up 4 Bento Boxes for her lunch and I have just started doing the same. I go to the shops and spend £10-12 on food and get 8 Lunch boxes, so £1.20 for lunch each. I buy salads, a protein and bread, maybe make up a pasta salad. Last week was Italian themed, this week is greek, with Feta cheese and hummus. Having more time means more time to plan healthy cheap meals, and make them up. We have an allotment and grow our own veg, so once all the salads are big enough to eat, I will be able to halve the spending on lunches.
The financial advisors we have used have been mediocre at best as far as returns go. One can get 4-5% on their own and that is all these advisors seem to return. We did much better buying equities in companies in the industries were work in.
Professionals have access to exclusive information and data that is not available to the general public. Implementing successful strategies requires accurate information.
Facts 👍
In order for you to be able to make informed investment decisions, it is important to have up-to-date information.
I totally agree how important it is to have an investment coach to support you in your day-to-day decisions. Their skills in balancing buy and sell positions with risk management combined with proprietary insights and analysis have consistently outperformed the market. Personally, I have made a net profit of over 1.5 million euros in the last two years.
@@darceydoberstein Investopedia reports a 41.8% increase in demand for investment advisors since the pandemic. Do you have a recommended advisor?
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement..
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns...
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “JENNY PAMOGAS CANAYA”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself...
My mother worked up until she literally died at 78 years old. She had a brain aneurysm while at work and died 16 hours later. My sister and I chose to retire much younger than our mother. Life is short and you never know how short yours is.
😳❗️You could live longer than you think ...
She may have died at 55 if she retired at 50.
The sad fact is you think work isn't life and hate it. "Get to do what I REALLY want to do, finally!".
I always chose work I REALLY wanted to do.
Why didn't all of you?
That was your choice and your mistake.
All about values.
You see people who work to 78 and die as "not having REALLY lived".
I see all of you as fools.
You wasted 45 years doing work you hated, never doing what you wanted.
How sad and tragic for 95% of you.
@@sammencia7945It’s awesome that you’ve always had the option have jobs that you REALLY wanted to do. Life just doesn’t unfold that way for many people. And smugness isn’t attractive btw.
@@sammencia7945 "Fools" is harsh, sir. Please keep in mind that some universities didn't even accept women until the 70's. If you wanted to be a teacher or a nurse, you had to accept a starting salary of less than $10K back then. It was also much more difficult for some people to be hired and/or promoted into upper management 40 years ago. If you had a family to support, you had to make do with the best job you could get because you didn't have the luxury of holding out for your dream career.
@@iriscsimbok5152
Push your BS Narrative elsewhere.
Women could get credit cards by 1974, abortions by 1973, and EEOC in 1965.
In 1979 women exceeded men in college enrollment.
All of those women could work as adults as equals THEIR ENTIRE ADULT LIVES and they are now ALL over the age of 70.
Women in 2023 are 60% of college graduates (but that is not discriminatory, eh?).
Your propaganda and victim culture will not be tolerated.
Lie to someone else.
1. Your health - nobody knows how many days they have left
2. Stay healthy - preserve your health
3. Longer active part of retirement - maximize the "early" stage of retirement
4. Escape - get away from a job you can't stand
5. Care for family - take care of someone you love
6. Relationships - recover friends and family members
7. Hobbies and interests - pursuing things not possible while working full time
8. You have enough - you and your advisors think you've met your financial goals
9. Learn new things - learn things not possible while working full time
10. Your health insurance is covered - you don't need employment to have health insurance
It is sad, it is sad, it is sad that you don't have a job you love.
Why are you all not doing these things NOW?
I do not understand you.
Most of you behave as though you had no choice for 45 years.
@@DrSchor
DrSchor, are you and I the ONLY ones here who enjoy working and have a positive attitude?
Seems only 5% like to work.
95% hate it, fear death, fear not "doing what I really want to do".
@@sammencia7945 it’s sad that many folks don’t love their work. I believe much is mindset- everyone is working a job they chose. Choose a better attitude and/or a more appropriate work.
@@sammencia7945 I love what I do, but some jobs become intolerable. I changed jobs after 15 years of the slow decline into what I call intolerable. Some people (I know personally) believe that they cannot get another job that pays as well or has the benefits. Some think they are too old. Some do not like change. Some work so much that they have no time for those 'other things" which is the category I fell into. I worked 5 or 6 days a week and spent the other days recovering or doing 'chores'. Most single people have to take care of it all on their own.. no spouse to take care of the 'honey do's' or errands, shopping, or many things that have to be done. Much less time for hobbies or social life. I now have a job that I do like and made the decision that if I ever felt that 'dread' going to work, I would quit and find something else. It is not a one size fits all.
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.!!!!
Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
Lately, I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $200K in the stock market, experiencing fluctuations without substantial gains.
Opting for an investment advisor is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q4.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
Sharon Ann Meny, is the name , Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@@KingDavid-jj7tk It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@Alexander Webber 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.
@Alexander Webber I might have heard this name somewhere, but can't really recall. I'll be following her up. Thank you. Do you know if she manages family fund too?
They never discussed that topic? Maybe he shud have done that too? Civil Service workers make. THAT MUCH Money? $6 million in Investments? Then You must rbe even Richer? You are a certainly doing what She did? Any tips on who she talked too or put her money?
When I was 61 the company I worked for offered a voluntary layoff with a decent severance and health insurance package. I took it and have enjoyed a stress-free life since.
We travelled a lot before COVID and checked off most of the places we had always dreamed of visiting. I turn 68 in a week.
I will retire in 2024 at 75 years old. I still work part time and obtained two educational degrees over the past seven years. I enjoy the lifestyle and so do many of my friends who are retired. Learning and earning still works for me.
Inspiring! Coming up to 60 and I've got a lot of curiosity about many educational opportunities...
When I graduated college, I immediately created a retirement plan. I took a columnar pad, and plotted out how much I needed to save and invest to retire at 50. I didn't really understand inflation, or how much I would need to save. I also didn't factor in career success, and what that meant for my saving rate. So those two factors cancelled each other out. Several plant closures, sales, and layoffs later, I was 50. I was way ahead of where I thought I would be, so I retired. 16 years later, it is still working so far.
President Taft thought that people needed 2-3 months paid off time every year, he kept trying to get that passed! I found out that there are many things I did not think about when working, that are what life is about, and expect the same is true for others, and it is important to experience. As far as money, I just decided to deal with that I have enough to pay my bills and just a little more for pizza or a drive here and there, not cruises or traveling to other countries, and that is perfectly fine with me. I can sit comfortably in my home on a winter day and watch people traveling in other countries, and almost be there, but still have a bathroom I am familiar with and snacks in my kitchen, it makes me happy. Everyone has their priorities, and I met my goals of having no mortgage or credit card bills, and all is good! Love to all and have fun. Thank you, Mr. Shmidt! I love your videos!
Retired at 54 and love it! Important to keep active. Fully respect those who wish to work on, but can highly recommend retiring early if possible. 👌🏻
Wouldn't your social security be more if you spent more years paying in?
@@Oakleylaurie no, in the UK you achieve max after 35 years. So no need to pay in more 👍🏻
I biked 7 miles to work every day for many years. It was a rural route, with low traffic. I used to joke that someday when they were doing my autopsy, the Dr. would say " This guy has the heart and lungs of someone 20 years younger. It's too bad about that truck mirror sticking out of his brain!"
Well, I retired at 57, and I recently found that proverbial truck, when I was diagnosed with Pancreatic cancer. No cancer or even early deaths in my family. No smoking or other risky lifestyles, but here I am. I'm so glad I retired early. I had five very great years of retirement, but my chances of having another five are pretty small. If there is a way to go early...do it!
Good luck, friend...
I'll pray for you that you find Jesus
@bruced.370 Because of Jesus, I know that I am safe, no matter how the cancer diagnosis plays out. I will either be healed temporarily and survive the cancer, or my body will die, and I will be healed forever in God's kingdom.
So sorry for everything you must be going through. Happy you had 5 healthy years of retirement. I had to have emergency brain surgery a few years ago which really shifted my mindset and appreciate things. I hope you’re able to recover and enjoy your retirement. 5 years just doesn’t seem fair. Your comment is exactly what I needed to see today
Bless you❤
I'm really concerned a bank the size of SVB could fail, thus pulled $350k out of my bank, the FDIC provides coverage up to $250k only. I'd appreciate suggestions where to put my money at this point, for a comfortable rtmnt, and as well hedge against inflation.
Why didn’t you leave $250k since it was covered by the FDIC?
@namelessfaceless3122: 550,000 to 1.1 million in 20 years?
Ed Dowd suggests holding cash til the SHTF and then take action when there is ‘blood in the streets’.
You are part of the spammers. Go away!!!! It's ridiculous.
@@Vinnie16920Time to take off of your Q Tin Foil Hat!
Retired at 63. I wish I could have retired earlier. I love it!
Just retired last month (turn 52 this month). The stress has melted away. I do what I want when I want. No pressure. wife is sure happier too!
I retired at age 42 now I’m 52. I noticed time goes faster when I’m retired slower when I was working. I love retirement no stress at all. Spend time with my garden and family and friends
How do you manage health insurance? My biggest stressor. Debt /mortgage free .
@@nata3467 The Affordable Care Act (ACA) aka Obamacare. If you are under 65, draw from your taxable account first so you pay less premium.
Time goes faster because you are getting older. If you were still working, time would have gone faster too. Just think when you were a kid where a day felt like a week.
That’s very young to retire. I thought my retirement at 55 was young but you beat that.
I retired at 55 with my health insurance. I did so because I was so stressed my job was affecting my health. I was completely burned out. My immune system was compromised. I was falling a lot and I felt like I was being pushed out by administration. The money was good but it wasn’t worth how going to the job made me feel. I didn’t hate the job per se as much as I didn’t feel I belonged in that environment. I took my health insurance and moved to Florida to be closer to my daughter which was another reason I left. I considered working in the field again but once I left it, no one would hire me. Maybe I was too old for them or as I concluded, my heart was no longer in it. Now I have the time to pursue my passions, to learn new things and I have a longer active period of time to do so. In the end, I retired early because I wanted to stay healthy. I didn’t want to wait so long that all I could do was say “Goodbye” and die. I saw it happen many times and I didn’t want it to happen to me.
I am a 'yes' in every single catagory you mentioned. Retired last year mostly to help my wife take care of our special needs son and because my job was extremely stressfull and generally horrible. It's so nice not having to worry about my job anymore. The pit I felt in my stomach everyday while working is gone and I now look forward to the future.
😊👍
Agree entirely. So many jobs are just jobs that you need to do do bring in money and offer few if any other rewards. And they can pile on stress, which will decrease both the length and quality of your life and health.
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
you don't have to have 1m to retire. I just watched a video where the guy did the math for two people to retire minimum was about 250k. monthly expenses about 4500 and rate of return abt 6% on the 401k. or investments. For a single person you could do it on about 150 to 200k.
Sincerely, I'm genuinely moved by what you said about early retirement. And yes i equally agreed with you It's the FREEDOM from being able to make a conscious choice, each and every day, in terms of how you’re going to spend your time… I have about 40k that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.
Yes, employing an invt-advisor is the best option, particularly for those who are about to retire or are novices who have little understanding of the market. Before I hired an advisor in March 2020, during the lockdown, my portfolio would fluctuate like a seesaw. With further investment, as of right now, this is how I've been able to expand up tremendously to seven digits in ROl.
Interesting. 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.
Vivian Carol Gioia is the Consultant in charge of my portfolio. With over three decades of service, she's earned a reputation and internet awareness, so finding basic information should be simple.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I've just retired recently and I must say I found this video informative and great to review. These psychological concepts are much more useful for individuals attempting to avoid mistakes than I realized when I was first introduced to them. This is probably why Warren Buffett talks so much about temperament being crucial to his investing success.
Developing a solid financial portfolio is more difficult, therefore I suggest you seek expert assistance. The ideas you receive after that can be tailored to your long-term goals and financial desires.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "CHRISTINE JANE MCLEAN " a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
@@HarrietBemish I'd be glad to get the help of one, but just how can one spot a reputable one? How did you spot this Christine ?
@@DavidRiggs-dc7jk I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2022
My portfolio recently reached 6-figures, and here's what I have to say about it.
It is important to carefully analyze your options and keep an eye on the economy when investing during inflation. Make sure your portfolio consistently reflects your risk tolerance and financial objectives by reviewing and rebalancing it. A financial advisor can offer tailored advice based on your unique situation and assist you in navigating the challenges of investing during inflationary periods.
Also, make sure they are acting as a fiduciary and not promising wild returns
Working with a financial-advisor could prepare you for life. While others were complaining about inflation, I was busy cashing out from my Diversified-portfolio, finally making over $370,000 for the first quarter of the year. I'm thankful that I was able to to get in touch with my coach, Joseph Sullivan Anderson, early this year. We were able to pay off our debt and start saving for our retirement thanks to Joseph Sullivan Anderson.
I've considered consulting with advisors. I need advice because I want to retire early and become more financially literate, but I'm not sure how effective their services will be.
My Advisor....would tell me that saving nothing is foolish, and that saving every cent that isn't already being used to pay bills or buy groceries is unreasonable if you want to retire early. A well-diversified investment portfolio is a must.
My advisor;Joseph Sullivan Anderson, acts as a fiduciary with significant knowledge and does not promise outrageously high returns. Working with him has been rewarding, and he has been extremely helpful in reorganizing my entire portfolio. Because of his many years of experience, he is an excellent resource for anyone attempting to comprehend the financial industry. I recommend that you look him up
I am retired, but still working! WHY? My work is physical and I work at my own pace doing a lawn care/landscaping business and it keeps me active and helps me live a better life.
Thank you for stating some obvious points, but in reality many people miss. To your points: I retired at 55 because we had more than we had planned to have, my health was going downhill with the long hours and stress, and I wanted to spend some time with my young adult children before they fully fledged from the nest. MOST IMPORTANTLY: To ensure my marriage thrived! Gray divorce was my biggest threat to a satisfying and secure retirement. Your videos have been a blessing. Thanks!
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways.
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
@Margaret we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@Margaret I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks
@Margaret k
Mortgage rates are low compared to historical norms. Houses are way up in price, but this should help you when you sell your current cash. I would NOT count on a housing crash. Fluctuation? Sure. But look how fast it recovered from the financial meltdown. Don't count on that happening again. Buy for a place to live, not as an investment.
Great video. I retired 1.5 years ago and have no regrets. My husband just retired in March . We both loved our jobs but many days weren’t easy and it was time to be done. We are definitely the sandwich generation…help with grandkids and our moms. It was hard to manage everything with a full time job.
Being a sandwich generation sucks 🤦♀️
My parents never retired because they both died young. Another family member worked his ass off so he could retire early. He had a successful company, sold it so he could retire and died suddenly 3 days after closing. I'm due to retire in 18 mos and hope to god i make it.
Retiring July 14th at 62. Counting the days. So many things to look forward to.
Retired ten years ago at 56. No regrets! Planning a 25th anniversary Mediterranean cruise for next year, Lord willing. Life is good!
Cruises are disgusting LOL
@@New-bw4kz Thank you for sharing. You don’t have to go on a cruise if you don’t want to. Millions love them! It’s best to have others around who enjoy them too. You do what’s good for you. God Bless!
Just retired 3 months ago at 54. Best decision I have made in the last 3 decades! Our most precious commodity is TIME. Exercise, chores, hobbies, friends and family... now I have the time they deserve.
Recently, I've been thinking of investing in dividend stocks for retirement, and I've set aside $350,000 to do so. However, I'm getting cold feet, maybe because I'm a beginner with no understanding what I'm doing; please advise.
I worry about the same thing since I don't want to mess up.
If you are new to the markets, I would recommend that you seek the advice or help of a financial counselor or investment coach. In these unpredictable times, that is the best method to enter the market.
@@esnolgalves3344 I agree, investment coaching seems like a wonderful idea; I've considered it previously but never sure how to go; have you employed a coach? How was your experience?
@@BillyQ12 I won't reveal too much, but I have been working with a coach since October 2022, increasing my portfolio's monthly dividend income from $70k to almost $220,000k. It is not nearly as difficult as it formerly was, and is really simple.
@@esnolgalves3344 That's amazing! How could someone approach a coach like that to receive investment advice. Could you please provide your coach's information?
He makes a good point when he talks about your health and how much time you have left. But the fact is, everybody, whether you're healthy or not, we are all terminal, keep that in mind
A strong factor driving my retirement decision was losing a coworker(and his wife) in an unexpected car accident. Now 61 and been retired 4 years is was a good decision.
I’m 55 and retired. Currently traveling in Colombia. Was in Mexico before that. Was hiking with my little cousins in Sedona before that. Was in Nicaragua for new years. Spent most of last year traveling in Europe and getting aquatinted with my new godchildren in England. I had a successful career working at a job a never really loved. I woke up one day in 2021 and said “that’s it” I live within my means. I stay out of debt. At some point I will get tired of traveling and will want to put down roots (probably) maybe I will decide to work again. Probably not. But these days, I’m living for myself. I intend to continue to live at or even below my means. I will continue to invest money left over that I don’t spend. Will collect ssn at some point. I’m going to be responsible, but not spend the rest of my life terrified about running out of money 💰
I retired in January 2022 at age 59. No regrets. Enjoying life in a tropical locale.
Time is a non renewable currency. We all make the mistake thinking we have time !
So are you retiring now or not? I'm confused about what you mean.
And as far as "we all", speak for yourself.
I’m so pleased when I get a notification when Holy Schmidt posts. I thoroughly enjoyed the presentation, information and the happy dude dancing at the end 😂
This is one of your best videos to date, Geoff.👍👍👍 I've been retired for a little over a year now. Ironically, it was a job to get everything done to retire. 😜 Thankfully, my health isn't one of the reasons I wanted to retire, but you ticked off a number of other reasons. The pandemic really placed what I wanted to do for the rest of my life in sharp focus. Beyond taking care of my family first and foremost, there are two longstanding dreams I really want to accomplish in retirement: (1) be a commercially successful writer and (2) learn how to play guitar at a much better level than I do now. There are other things I enjoy and will pursue, but these are the two things I want to do the most before I check out of this world. 💪👊
Why didn't you do those things at the same time you were working?
@@sammencia7945 Life hasn't been easy. There were too many responsibilities and too many obligations. I have been working on guitar intermittently and have advanced, but would just like to get better to be on a gig performing level. As for writing, I had a job that involved a lot of technical writing that I liked, so I have done this on some level. I wasn't willing to be a starving artist to pursue the freelance writing career I wanted. I had obligations to a family; they come first. In retirement, I have the time to pursue these interests among others full time and at an unfettered level they deserve.
Check out some videos about how much gigging musicians actually make,locally,it ain't much.
@@rudygracia5573 I wouldn't gig for the money. I'm retired. I'm gigging because I love music and it would be fun to do. If I make a little cash along the way, then great. It depends on what you play and how good you are on how much you can make. You can also post your playing on YT.
@@audiophileman7047 - Sounds good 👍 🎶
Retired 8 years ago at 59. We met items 8 and 10. We travel about 6 months each year. No regrets.
My father-in-law ‘took a break’ from work the day before he died. I also love my profession but in my mid 50’s a lot of health issues (and some mental too) began to creep in so I pulled the trigger and left with the accumulated wealth I had at the moment. I could have made a lot more money if I stayed at work but after getting rid of a few big toys now I have enough income to live a comfortable lifestyle.
I have been retired for three years now and I do not miss working at all. It sure is nice getting up at my leisure and doing what we want to do, when we want to do it. Going shopping during the week when the stores are fairly empty is wonderful. Going for a hike to birdwatch when we want to is wonderful. We changed our diet a year ago and lost lots of weight and I am off all prescribed medicines. Life is good.
You spent 45 years not doing what you want to do?
Why?
Why did you choose 45 years of misery?
there are two answers I like to give regarding early retirement, and you mentioned doing what we want/when we want to do it, and the second is taking our time. During the working years it seems there is never time enough, everything we do we rush through, and early retirement is us giving ourselves the most precious gift of all, time.
Beautiful!
@@jessefletcher9116 yes! Im not retired, ...just not working FT now, and the other day I actually put an apron on to keep my dress nice and I cut up Garlic not in a hurry and onion I'm anyway long story short I made a beautiful eggplant dinner and I did it in a relaxed manner like I never did before, every time I was in the kitchen before I was going as fast as I possibly could and worried I'd be too tired by the end of the night to clean up
@@maryhall1181 everyday tasks that you have to do on your day off like mowing the lawn, washing the car, going to the grocery store, they all are so much more pleasant & less stressful when you retire and can take your time.
Awesome food for thought. I've been thinking about it, but honesty, I really don't know my numbers. I make a good living, the job is comfortable with little stress. I'm just done mentally with the 9 to 5.
You are not done mentally until you know the numbers.
I'll be retiring or working less in five years, and I'm curious about how people split their income-how much goes into savings, spending, or investments? I earn around $175K per year but have almost nothing to show for it yet.
There are numerous strategies to achieve high yields during a financial crisis, but it is crucial to undertake such trades with the guidance and supervision of a professional financial advisor to ensure informed decision-making and risk management.
That's true. I've been assisted by a financial advisor for almost a year now. I started with less than $200K, and I'm just $19,000 short of half a million in profit.
That's quite impressive! Can you share more information about your financial advisor?
Rebecca Noblett Roberts is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
Hey Geoff! At 3:48 I'll be pondering this for a while...
You can have the money, you can have a good family life and you can have your health.
But you can't have all three.
It hit me hard when he said it!
I really like your non-judgy attitude. It helps people trust you more 👍
As was mentioned, our most healthy retirement age is typically no more than 75. Medicare, which is typically quite a bit less expensive than state policies or COBRA, starts at age 65. This is why, for those who are not healthy, retiring at or soon after 65 makes the most sense, especially if you also have savings to supplement SSI.
I already plan to retire as soon as possible, which according to my calculations when I turn… 99
2 years in and doing well thanks to a lot of your tips. I watch with my husband and it helps him so much too. He’s 1 year in.
So, fra is 10, 2024. Still working. The difference in SS benefits is a good chunk from now till then. These past few years have taxed my health and finances. I have to weigh take SS now or wait till fra. As a female truck driver, it has been hard. Your videos are thought provoking. Ty.
Federal Reserve may soon lose control of interest rates, claims Heresy Financial. This comes as a result of the United States government's intention to embark on a $1 trillion borrowing spree. This might cause the banking sector to lose so much liquidity that rates spiral out of control and are no longer in the control by the federal reserve. I'm sorry to say that despite investing, I lack the mental capacity to evaluate each company's performance and decide whether or not now is a good moment to acquire stocks. My reserve of $650K is being wiped out by inflation and the recession. Sincerely, I have no idea what to do.
Bad year for me, META is down 40k, ALLP is down 35k, Draft Kings is down 6k, NIO is down 15K, ABML is down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
the market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward
@@trazzpalmer3199 I concur with you as well. I prefer to have an investing coach's advice in my day-to-day investment decisions because their skill set is based on short- and long-term holdings for profit realisation and their unique analysis makes it practically impossible for them to underperform. My coach and I have been working together to invest for literally four years, and we have already generated over $1 million in net profits.
@Champ Hallier My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
Move to Mexico while you are still alive and have money. Everyone is this country is going to be wiped out financially, soon.
Best decision I ever made to start collecting as early as possible.
You touched on all the reasons I'm retiring now at 62. I wanted to retire at 60, but just didn't feel financially set, so my goal became 62 or boke! The 2 major reasons for me are health and the loss of enjoyment of my job. I used to enjoy my job, but behaviors of some of my coworkers have gotten worse and have set up a toxic environment for me. I am no longer going to put up with mistreatment, especially when it is affecting my health. I'm a hard worker and dependable, but I feel unwelcomed at work. I do feel I'm very lucky, because I can retire early. Hubby and I have taught our son the minute he got a job to save up for retirement. We taught him how to squirrel away money and how to invest it. I'm very excited about retirement, because there is so much for me to do. So many thing's I've wanted to do, but couldn't due to being so occupied with my job. I also feel that I am contributing to society by retiring, so there will be a job opening for the next generation.
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
you need a Financial Advisor my friend so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, I started with a trusted Financial Adviser named NICOLE DESIREE SIMON“. She is verifiable, and her approach is transparent, allowing me full ownership and control of my portfolio while charging very low fees in comparison to my portfolio earnings that worth more than half a million dollars.
@@Petroguest-i4g That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@devereauxjnr It was run by NICOLE DESIREE SIMON, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
@@Petroguest-i4g Insightful. Your counsel couldn't have come at a better moment because I'm currently barely holding on. I'll do some research on her online before calling her.
Thank you so much for this list. I didn't retire early but I still wondered if I should have stayed at work. This gives me some peace as my reasons to retire are seen as a good reason. I fit into reason 4. I HATED WORKING!!!!!!!!!!!!!!!!!!!!!!! I have ADHD and bc of this disorder I could not perform well enough to have any financial stability. I worked very hard but no matter what industry I tried, no one was happy with my performance. It affected my health as I was always broken hearted. My bosses were not bad people, they saw how hard I tried and they did the best they could to make the most of what they had in me but after a year or 2 they had to lay me off. I also fall into number 8. My financial advisor showed me what I would get in retirement and it was enough. THANK GOD!!!!!!!!!!
Most people who tell you they enjoy their job and they don't want to retire, is because they're broke and they can't retire. But it makes them feel better saying they love their job and they want to keep working
How do you know this about “most people?”
Joe, here comes the ridiculous comments. Just use the word “some” next time instead of “most”. Thx
true! I like my job, but I would like it better at only 2 days a week. Unfortunately you don't get benefits at that rate.
My husband enjoys his job so much that he’s decided to retire at age 70. He’s highly paid, and a highly respected expert in his field. He has seen several coworkers retire early, not know how to fill their days, and die earlier than was expected. He’s concerned that he’ll end up the same way, even though his relatives live well into their 90s. He’s got hobbies and activities that keep him busy; however, he’s concerned that when he retires, he won’t be looked upon as the respected ‘expert’.
I left my job at age 58 to help care for his aging mother, and to design and have our own retirement home built. The day we signed the contract to purchase the land (with an existing house that we later scraped to build our custom home) in another state (let’s call this ‘State B’, his employer announced that his job was being transferred to another state (this is ‘State C’). Great. We were just finishing the remodel of our ‘dream kitchen’ and had to sell our house, located in ‘State A’. We had a new house built in State C, along with the concurrent design of our new retirement home in State B. I traveled back and forth between these two houses for a couple of years. During this time, my MIL died (at the ‘young’ age of 87), my mother died (aged 90), and my eldest son was married. Then COVID hit. Our retirement residence was ready for occupancy in mid-March 2020. We were the first in the city to have a FaceTime house inspection done! We stayed at this house for over 3 months, with my husband working remotely, before we drove back to our house in State C, about 1,000 miles away. I have continued to go back and forth between these houses as additional finish work, fence and security gates, and landscaping with extensive earthworks has required me to be there. For months at a time, I’m full-out working on construction-related items. This last trip required my presence of 6 months. Even though I haven’t worked for a paycheck since age 58, I’ve continued to fill my days with ‘work’.
We’re both 65 now. I enjoyed working for my previous employers, and was even self-employed for a decade prior to the Great Recession; however, I had quit my last job due to two unreasonable, narcissistic Directors who created an unhealthy work space. When you’re older, few people care if you were an expert in your field. Few people care if you possess specific skills or talents. Your opinion is often dismissed. Anyway, there’s little left to prove when you’re older. I’ve had seven years of ‘retirement’ practice, while my husband has not. I asked him if he’s concerned he won’t be known as a respected professional (Yes); perceived as being relevant (Yes); treated as a contributing member of society (Yes). I told him, “Welcome to what I’ve experienced. Use this opportunity to ‘remake’ yourself.” I’m also encouraging him to explore consulting positions, as a number of his former coworkers have returned to the profession after retiring for 6 months, and his skills are still in high demand. He’s hesitant, as most consultants cannot directly affect change in a project. He underestimates the cache he’s built regarding his knowledge base.
This different future is recently beginning to gel in his mind, as I was unexpectedly injured in a minor mishap during a construction project at our retirement home in State B a couple of months ago. The recovery has taken an extended period of time, and he’s rather shocked that I haven’t bounced back the way I normally have. I was so exhausted upon my return to State C that I slept for most of the first 2 weeks home. I now fully feel every bit of 65. I want to enjoy our retirement together while we’re both relatively healthy. Both homes are paid off. We have no debt. We are financially set for the future. I’ve started pushing him (we had this conversation 2 days ago) to talk with his coworkers, who have become consultants, to figure out if this is something that appeals to him, and if he could see himself working no more than 35% of his current work hours.
I was forced into retirement at age 60 1/2. Received what I called a bronze parachute! I was angry and bitter for the first year, then decided to relax and enjoy it. It was a high stress job with many competing supervisors and requested outcomes. In hindsight it was the best thing that could’ve happened to me. That was eight years ago this fall the only person I ever met. That was sorry he retired was a wonderful gentleman who retired early to take care of his wife who is dying of cancer. Afterwards, of course he was lonely and missed all the social interaction of work. He is by far the only exception I have met.
I’ve been retired for 4 years now and I am just now comfortable with the new lifestyle. Waited until I was 66 but I was planning on waiting until I was 70. I spent 40 years in the finance industry under a lot of stress most of the time. I now like Sunday afternoons. I dropped my crystal ball and was not able to see the future as clearly as I would’ve liked. Fear of the unknown financial future kept me going. I do not regret it, but knowing what I know now, I more than likely would have retired earlier (?). We are very active and do very little sitting.
honestly, this is an amazing wake up call and really good advice. Learning about investing and creating passive income makes retiring asap an achievable goal. I’m on my way, and realize it’s possible! best wishes to you, too.
Left a stressful job at 56 with No regrets. Nervous to lose income but all is working well. Traveling, enjoying family and freinds.
Great video Geoff! I retired at 55 in 2017 both because I could and due to the fact I had an ailing mother to take care of. My mother passed away last May and my wife and I moved to Georgia. My wife was still working at the time and retired this past December. We moved from New Jersey where I worked for over 35 years, 29 for the state, so yes I have a decent pension. Over the years at the state I participated quite aggressively in a supplemental retirement plan (I believe it was called a 403b plan) Between my pension and that plan retirement should be comfortable. The best part was moving out of Jersey!!!
Good deal! And I hear you loud and clear. Can't wait to get out of NY City and its evolving hellscape.
Good for you! We did the same thing. Pensions and supplemental savings and whatever Social Security ends up being. My husband retires in a few months. Me next year. We already have been enjoying traveling and we are financially set. We paid for our son's college and we are enjoying seeing him pursue his dreams... I think it is really sad to see people have to keep working well after 65 because they have no choice. It should not be that way. Some kind of retirement saving plan should be required by all employers. That way people have to set aside some money each month in that plan.
Happy Retirement!!
These are incredible reasons! Thank you! I am glad to have practiced a lot of them in my life already, including number 4 in my career, as there is NO job worths than your health! I pass this onto my siblings!
As for health insurance, you can ALWAYS go to Europe other developed country for treatment. No need to bend over to take the sh*t from greedy healthcare in this country!
1. Your health - nobody knows how many days they have left
2. Stay healthy - preserve your health
3. Longer active part of retirement - maximize the "early" stage of retirement
4. Escape - get away from a job you can't stand
5. Care for family - take care of someone you love
6. Relationships - recover friends and family members
7. Hobbies and interests - pursuing things not possible while working full time
8. You have enough - you and your advisors think you've met your financial goals
9. Learn new things - learn things not possible while working full time
10. Your health insurance is covered - you don't need employment to have health insurance
3.5 years till I retire and if I can retire before that, I sure as heck will. Great video Geoff!! I'll have plenty to do: golf, cruises, traveling with my wife, working around the house, studying French.
I’m 55 and will retire next month. Happy in my job but time is the most precious. Looking forward to the next phase. Get out while you have your health. Money isn’t everything.
I am forwarding this to a friend who is debating the merits of working up to 70. He will be 68 soon. Hopefully you have said something that will encourage him to go for it.
I am 69, and retired at 66. While I don’t miss my job that I did for 48 years, I do miss some of my friends.
Thank you for your insight and knowledge.
Waiting to 70 is too late! You are done!
Alex Trebek was a great Canadian. This one retired at 57. The last decade has been fabulous. Enjoying the go go years.
Always great videos.
Thank you.
My father died 3 weeks ago and we did the best to take of him as a family.
Retired 2 years ago and love every minute of it. Archery and hunting is my passion, so if I’m not hunting I’m getting ready to hunt. I work out 4 days a week 3 hours a day and in the best shape of my life. 65 Strong!!!
Go home and rethink your life. Why do you like to kill helpless and nonthreatening animals with powerful weapons since you don't require them for survival or food? Are you so weak and insecure that you can't find another way to make you feel like a man?
Great video! All of these thoughts are going through my head right now as I decide whether to retire or not. Money vs loss of 50 hrs of my remaining time on earth to work doesn’t seem to be an equal trade anymore. Thanks for the great thoughts!
If I only had 50 hours left to live, I'd have retired years ago.
@@SurpriseMeJT 50 hrs per week I am spending at work.
Great content. All very true in my experience. Im partial retired /business owner which is another topic completely. I love my job and my customers and my greatest joy is providing a service for them. My reward is they beg me to not retire.
Just subscribed. I like your low-key, quiet delivery - a nice contrast to the over-loud delivery of other channels. I also appreciated your polite warnings about scammers posting in your comments!
Family and friends relationship went down the toliet when my mom pass. Family is so spread out so much I will never see or here frome again. All the info you pass along I could have used 45+ years ago!!!
Retired 1 year ago at 63, and I love it! Worked hard over the years in HR and as a teacher and was just getting tired of the daily grind. Husband and I planned this move a couple of years ago with the help of a reliable and sound CPA/financial planner. Fortunate and blessed to have between the two of us some pensions and 401K funds. Holding off on taking SS until 65, when I'm eligible for Medicare. If not needed, then I'll apply at the max age of 67. We can take 1-2 nice trips a year if we choose. Living comfortably with decent health, so we pray all stays well for a long time as we continue to check off items on our bucket list and spend time with family.
FIRE...I am all in. Very timely!
good call pulled that plug 11 months ago... saw writing on the wall 5 years ago.
10 weeks and I’m retired! 64 years old with a hand full of hobbies and interests. 😎🌵
I retired at 57. Paid off the mortgage early and left the rat race. Now age 70 so 12 years so far with 7 day weeks instead of just weekends.
Although not in the US I love Geoff's more general vlogs as a 59 year-old looking to retire soon.
I am learning to play the Guitar, my Wife Quilts she is the Smart One! I rebuild old Classic Cars! Now that is Fun and Cool! A freshly sanded Body with some 600 grit just does something to the souls even the smell of a Pearl Paint Job is exciting. I am going to write a Book about Cruise Nights Cars & Rock & Roll in the City! So many interludes to the fine times in life before Mondays and Slaving away for a Paycheck. We attend Concerts since we enjoy Music, plays too a play is always a great game for a night out on the Town! We have been married for over 45 years Ah! Who os Complaining? Surely not us as we love one another. We have two grandchildren who we really spoil and send home although they always seem to be here rather than home they like us better I assume! Anyway that is retirement for now as I am rebuilding a beautiful 8-3/4 rear End as it id an Engineering Marvel! While I take breaks playing Maggie May on my back porch hearing the beat of the Quilting Machine sewing. I guess she likes quilting as much as I like Rear Ends and playing my guitar!
Mr. Schmidt, these videos are truly helpful. I appreciate all of the efforts you have put into them. Interesting to hear this time about the book that you wrote about adults juggling jobs and college. Hats off to you for building this successful and valuable channel.
We are semi-retired (working only summer time) at 45. It is not easy to be retired, can be boooring... Money will not solve everything. You must have some hobby or overall good reason to live, otherwise your mental health will suffer. We live in Finland, but winter time 3 months on Tenerife/Spain hiking, swimming Anyway we end working anyway on investment properties (my biggest hobby). Good luck with retire meaningfully!
14:03
Need to know where that clip is from! what movie/show?!
I’m almost 63 & have worked at my job for almost 39 years.
I SEMI-RETIRED (2 days week), about 1 year ago.
Brand NEW HOME BUILT in 2022.
-0- Debt.
My husband age 62 is still working full time.
We recently saw a Financial Advisor at no charge.
We’re both thinking about retiring at age 65.
How were you able to see a financial advisor at no charge?
Obviously, no Financial Advisors can work at no charge. Do you work for free? 1. Who is he working for, and did he give you advice which was better for his employers than you? 2. What financial instrument did he sell you, such as an annuity? What are his financial advisor credentials? Is he really an insurance or other salesman?
@@annathemaanderson4448 - The answer is easy. It was likely an initial consultation. These are typically no-charge, but they give you sufficient insight for you to do the rest. I've done this several times and have gathered a wealth of information without paying a penny.
Brand new home zero debt?
My father worked hard all his life, put 4 kids through college, paid off his mortgage and retired early at 59. He and my mother embarked on a long road trip across America, looking for a warm place to live and play golf. Six months later, they came home, and he died from cancer shortly after. He never really got to enjoy retirement. I was in my late 20’s and vowed not to end up the same way. I sold everything, started my own business, travel the world and, now age 62, consider myself retired.
All of you have the same story. Everyone you know is dead at 59.
You see glass half empty.
"He never really got to enjoy retirement".
6 months off does not count?
It is your negative attitude.
What business do u do while traveling . If I may ask.
@@sammencia7945 True True! He earned his badge of honor in being that man for his family and be that example, should be remembered that way!
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@Erinmills98 I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@AstaKristjan Please can you leave behind the info of the F/A guiding you?
@@AstaKristjan Oh found her! Looked up her full name and she was my top search. Thank you for this! Really appreciate.
Your advice is always good, but this is probably the best video you have created. Very heartfelt. Thank you.
Video has wonderful content. Great modulated narrative.
Speaking of retiring early, I have a question. Is there anything like proof recession stock? I am 31 and would love to retire at 40 years. I would like help in managing my late husband's retirement portfolio which is currently $1.25M...down from a high of $1.67M… He left it in my care and i have absolutely no idea what i'm doing. Ideas?
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off. So perhaps you should hire a pro.
@@aureliobjm Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 60% up in profits just in 5months with my initial capital of $160k
@@kumarsingh001 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@ambertraceyy Having a coach is key to portfolio diversification, My advisor is "Heather Lee Larioni" You can easily look her up, she has years of financial market experience.
@@kumarsingh001 Interesting. I am on her page right now doing my due diligence. She seems proficient. I wrote her an email and scheduled a session. How long do you think it will take before she replies?
Great video, saving it to watch again later.
This video is great! I love my job and plan to work for over 10 more years, but work in oilfield so I could be laid off any moment. Sent link to myself...perhaps I need to start sending these to my personal email. I just feel very comfortable and future oriented at my current job. I love your posts but this is one of the best!