@@paul8340 nice. leverage equity in your home to buy rental properties next. it’s all a game. just choose to play it, instead of letting it play you, and you’ll be fine.
@@autobotdiva9268sadly. But it´s always "the governments" faults. Never the fault of the companies or lobbying groups for big pharma, private health insurances etc. I am honestly pretty glad living in a central european country.
As someone who used to live near Rural Retreat and most likely worked at one of the factories she said she worked at......she had plenty of opportunities to save up. Especially if she worked at a very specific one I worked at just a few miles from there (my best work friend at that job lived in Rural Retreat). That job pays damn good and they have an AMAZING profit share program. Not to hate on her but she did something wrong along the way.
@@sjsmith4076 i was just stating, if she worked for the same factory i did, which I assume at one point in time she did because its hard to find anyone in that area who hasnt....she would be set for a long damn time from profit sharing. I knew a guy who worked there for a measly 5 years and quit and got 30k alone from profit sharing so imagine working 20+ years. That's a decent damn retirement if you ask me. And from my knowledge that's how tons of companies in that area run things so she clearly didn't sign up for any of that stuff either. She shouldn't be sitting there wanting a handout because she's retired. She didn't save, thats her problem. I hate to sound cold but that's what im doing. I bust ass to save up for my future. I'm not waiting for handouts when I turn 65
It's easy to be harsh to her having grown up in the information age. The average person back in the day had less access to info about investing and compound growth, and, before Reagan raided the Social Security fund to pay for tax cuts for the rich, a safe retirement was the promise of _every_ president and administration. Have some perspective.
YOU MUST leave the US. I know many people will say "pfft, I can't do that". Yes you can, and millions are doing it right now and feeling extremely welcomed by the locals, easy to find friends and their only regret is they didn't do it sooner. Do some research. Mexico is VERY accessible and you can live comfortably on $1500 per month.
After I take care of my basic bills the extras are from being resourceful nor from feeling sorry for myself is a time waster. Life isn't fair for good and bad. Your video is being resourceful. Hope you're getting paid for it.
We've been saving since we got married in our mid-30s, and we were pretty aggressive with the amount we put in. We had to dial back our contributions for about 3-4 years due to some economic setbacks. It is becoming very apparent that we will not have enough to retire comfortably. Will probably have to sell the house and move into a condo out of the state that I have lived in all my life.
“I saved nothing and I thought the government would take care of me”. And she even has a pension (which doesn’t exist anymore). That’s what is making it hard for people to retire nowadays? SMH. You saved the bare minimum (ie nothing) and spent it all on crap all those years so you should expect to live on the bare minimum.
The cost of living is insane. I worked all my life. My husband died young and he mismanaged his income, would not listen to me. Traumatic illness are up my savings. Had to walk away from my own business. 👎👎👎
What a cringe take... this lady doesn't look like a dripped out balla. most ppl can't afford to save anything, their barely staying above water, working full time as is.
So im thinking about talking about surviving off of little. I think there is more of this than people talk about. Been there done that and can literally write a book
Um I'm sorry but 2200 2300 should be enough for an older lady I think, but I bet if you'd look into her spending. She probably spends too much on stuff, been seeing that a lot lately
She has a pension of 2200 , car... Meanwhile in the biggest country in the world the pension is 250 (almost ten times less) 😅 I don't understand her complaining
If someone saves $250 into the SPY500 a month and works for 40 years they will have $1m at retirement. They can take out $40,000 a year without touching the principal and it covers inflation. In future money value it will be around $1500 a month which ontop of social security is plenty to live on. Too bad people don’t want to give up their $250 a month now.
Probably about 2k after the tax for her pension doesn’t have to pay a dime for health insurance and gets senior discounts on so many things. Bought her house for probably 50k years ago. Bought a double wide in the cheapest area to live in. What a joke must be nice having that pension though. Where’s mine oh wait those don’t exist anymore. instead we have to rely on the stock market in our 401ks most employers match 4% of our investment.
She has to pay Medicare and gap insurance. Depends if she has a MTG? Otherwise it's relatively cheap where she lives. Can live modestly on that income. She's not telling all.
It is mandatory to put a little away with every paycheck. Start this no later than age 30. Keep doing it until you retire. Retire at age 70, not before. You will be amazed at the results. And eat only plant based; it is the healthiest diet on the planet and the cheapest. No brainer.
American consumption without thinking twice. Buying swanky trendy thing to seek validation from others. The sheer bullying others to show off, while living with overdrawn account. I just don't get it. Even during inflation, when most financial gurus around the world were talking to just sit on your cash, what American were telling to use up all your money. Inflation was caused by cash relief in the market but the lesson was to consume more and more. People don't value long term value but small time satisfaction, just like a child. So you lived your life eating drinking and having fun gratifying yourself everyday without repercussions now it's time to pay for repercussions. Don't push it on the young generation as taxes. Many people in India enjoy AC as a privilege even cars. After hard work and saving up. That is done through education. While in American society, 16 boom have a car, have your swanky phone out, go to mall with friends. While we had to get good grades, education then we had friends trip with out own money. You work for it. So you understand value of single penny. Don't ever underestimate that Indians don't have money. No most is in savings for future just in case. If everything turns out right, we will throw away millions of dollars just for our sins or daughter marriages. While American 25000 and they sweat. We host 4500 people for food, American guest list exceeds 50 they sweat. We are not frugal we plan for future. Most Indian parents get houses paid off by the age of 40, even few of my college seniors as well. Because that's our timekine. Then we use saved up money for kids education which is fully funded by parents. And then we wait on those returns, as we sit on fully paid house, cars. Stop consumption literally and figuratively and you will see the changes. Financial knowledge is easier than rocket science. You want to have your STARBUCKS and drink it everyday, then why you complain about being broke. I have been in states for 10 years once I drank it, and never again. It's just caramel and whipped cream. It's just a fashion statement. Hell no I don't want diabetes at young age. So yeah man, you lived your life full of glutonny and enjoyed it to the brim and now you complain. How smooth. Who will pay for your comfortable life the young by their taxes. Wow... Even I say this t my fellow, the level of shopping they do 100-200$ on a dress or 1000 on shoes. They are shoes for walking, the will walk over someone spit and dog poop someday. So why do you need a 1000$ shoes. 100$ would do it. And most these things don't ever appreciate in value. So yeah, AMERICAN GREED is the answer for this.
As an older person, I remember the 1970s and 80s pretty well. Healthcare, housing, and cars were more affordable. That was all the more reason to be able to save. Fortunately, I invested in real estate, then stocks -- I was buying Microsoft at $17. People need to wise up. The government is not going to put you up in nice housing or buy you a car.
She gets $2,205. That sounds like enough to live on. She probably just needs some small adjustments to her spending. For instance, what are the car payments? Switch to a car you can afford.
I'm. A. Blue. Collar. Man. 55. Yrs. Old. & All the. Jobs. I.ve. had. Didn't. Offer a. Pension. But. At. Least she. Has. That..I. Dont. Hav that.. BUT. I. Did. Manage to. Save. Some. Because I. Knew that. Pension. Wouldn't. Be there. For. Me...im. Bot. Saying. Shes. Not. In a. Bad Situation...BUT. if. She. Had. Listened. To people. Whe she was. Younger & saved Some $...As. much as she. Could. She'd. Be. Doin. Way. Better than she is...Because. she.d. hav. 3. Streams of. Income. In. Her. Retirement. Yrs. Now...Her. pension..Sos. security ..& $120.000. Or. More. CASH to. Go. With. Those ...I. say. $120.000. Because. Figure. If. She. Saved. Even $3000 Yearly. From. 30. To. 70 yrs. Old. She.d. Hav $160.000...& She said she has a. Car. Payment , She. Doesn't. NEED. a. Brand. New. Car...she. shouldv. Just. Purchased a. Used. $4000. Car. That. Way. Its. PAID FOR !...AND frees. Up. More of. Her. Income. For. Herself..So. she.s. paying. Now. For. Her. Past. Decisions...I. Still. Feel for her though. .
mixing things that have nothing to do. If you see how many the US spent on the military in the past you will realise that a few billions for Ukraine does not change a thing.
@@sunglasserz the ones that have built america are long dead. The ones that are now alive profited of the work of others. Besides: it´s your system that is broken. But that will not change. Americans seem to believe that everything in this direction is "socialist" and therefore communism. I don´t get how americans don´t grasp the difference between a social democracy and communism. Spend less on the military, spend more on your own people. 5billions for ukraine and israel is a drop in an ocean compared to 801 billion for the military.
@@sunglasserz Israel is not a fascist state. And with america nearly exterminating the native americans you are on very thin ice. Furthermore you attacked Iraq with fabricated reasons.
I’m in the same situation as you : uneducated, mid to upper 50’s and two disabilities, a pension without a COLA until I turn 60 that pays about $1,300 a month, and I will never receive social security benefits ( and have can’t get SSDI) because I didn’t put any credits into the SS system. I must live in poverty for the rest of my life.
By the time we get to retirement, we won't have any social security and barely any companies are offering pensions.
then save
That’s why we need to put as much as we can and as soon as we can into 401k and Roth IRA
@@alvolutionary work in a hospital
@@bscbinks I'm saving 4k a month.
@@paul8340 nice. leverage equity in your home to buy rental properties next. it’s all a game. just choose to play it, instead of letting it play you, and you’ll be fine.
It doesn't help with corporations gouging the hell out of people
Check how other countries treat their retirees. You will realize retire in a foreign country is not a bad idea.
But that foreign country will not pay you a pension if you have not contributed to the system.
Gotta be citizen there first...
@@PigeonLaughter01 nope - you have to have worked a certain time there and paid into the pension system.
Well, glad to live in a country with nearly-free healthcare system.
The most important is your 401k or IRA. Try to save as much as you can!!! :-)
You should never rely on the government to take care of you.
Especially the US government.
you should never rely on companies paying you enough so that you can save money for your retirement.
@@autobotdiva9268sadly. But it´s always "the governments" faults. Never the fault of the companies or lobbying groups for big pharma, private health insurances etc. I am honestly pretty glad living in a central european country.
@@autobotdiva9268 care to elaborate?
@@pope406Ur not a citizen
Orrr life is just ridiculously expensive in the US
I moved from the West Coast to the rural South. My expenses were much less. Great place to retire -- nicest people you will ever meet.
As someone who used to live near Rural Retreat and most likely worked at one of the factories she said she worked at......she had plenty of opportunities to save up. Especially if she worked at a very specific one I worked at just a few miles from there (my best work friend at that job lived in Rural Retreat). That job pays damn good and they have an AMAZING profit share program. Not to hate on her but she did something wrong along the way.
I think she admitted that she didn't listen to the advice to save for retirement.
@@sjsmith4076 i was just stating, if she worked for the same factory i did, which I assume at one point in time she did because its hard to find anyone in that area who hasnt....she would be set for a long damn time from profit sharing. I knew a guy who worked there for a measly 5 years and quit and got 30k alone from profit sharing so imagine working 20+ years. That's a decent damn retirement if you ask me. And from my knowledge that's how tons of companies in that area run things so she clearly didn't sign up for any of that stuff either. She shouldn't be sitting there wanting a handout because she's retired. She didn't save, thats her problem. I hate to sound cold but that's what im doing. I bust ass to save up for my future. I'm not waiting for handouts when I turn 65
@@kortaniijohnson512 20 years = 120K. today it sure ain’t taking you very far.
@@kortaniijohnson512 but maybe she didn't work in the factory you work in
She already admitted her mistakes and warned everyone to not make the same ones she did 🙄
It's easy to be harsh to her having grown up in the information age. The average person back in the day had less access to info about investing and compound growth, and, before Reagan raided the Social Security fund to pay for tax cuts for the rich, a safe retirement was the promise of _every_ president and administration. Have some perspective.
Granny makes more than young people working regular jobs.
💯
YOU MUST leave the US. I know many people will say "pfft, I can't do that". Yes you can, and millions are doing it right now and feeling extremely welcomed by the locals, easy to find friends and their only regret is they didn't do it sooner. Do some research. Mexico is VERY accessible and you can live comfortably on $1500 per month.
After I take care of my basic bills the extras are from being resourceful nor from feeling sorry for myself is a time waster.
Life isn't fair for good and bad.
Your video is being resourceful. Hope you're getting paid for it.
You're speaking volumes thruths for all of especially The Young to always be prepared
We've been saving since we got married in our mid-30s, and we were pretty aggressive with the amount we put in. We had to dial back our contributions for about 3-4 years due to some economic setbacks. It is becoming very apparent that we will not have enough to retire comfortably. Will probably have to sell the house and move into a condo out of the state that I have lived in all my life.
Why not move to another country?
never stop producing value
Why does a 70 year old woman have car payments? She's wasteful, but she's old and "rural," so we should have sympathy for her.
I'm with you. But car accidents are real.
Sell the car she has payments on and get a good inexpensive used car. Or get a part time job.
Retirees should not be having car payments, mortgage payments, or CC payments. The only payments should be for food n utilities.
She needs a car _because_ she lives in a rural area
So the lessons are: 1. when people tell you save, save. 2. Don't retire if you haven't done #1.
You can't save enough for retirement when wages aren't keeping pace with inflation.
That’s terrible. How could you think not saving is smart? At least what you can afford
“I saved nothing and I thought the government would take care of me”. And she even has a pension (which doesn’t exist anymore). That’s what is making it hard for people to retire nowadays? SMH. You saved the bare minimum (ie nothing) and spent it all on crap all those years so you should expect to live on the bare minimum.
💯
The cost of living is insane. I worked all my life. My husband died young and he mismanaged his income, would not listen to me. Traumatic illness are up my savings. Had to walk away from my own business. 👎👎👎
What a cringe take... this lady doesn't look like a dripped out balla. most ppl can't afford to save anything, their barely staying above water, working full time as is.
I thought everyone was about financial freedom today wtf
So im thinking about talking about surviving off of little. I think there is more of this than people talk about. Been there done that and can literally write a book
Um I'm sorry but 2200 2300 should be enough for an older lady I think, but I bet if you'd look into her spending. She probably spends too much on stuff, been seeing that a lot lately
Try getting $914 a month.
Exactly!
She has a pension of 2200 , car... Meanwhile in the biggest country in the world the pension is 250 (almost ten times less) 😅 I don't understand her complaining
If someone saves $250 into the SPY500 a month and works for 40 years they will have $1m at retirement. They can take out $40,000 a year without touching the principal and it covers inflation. In future money value it will be around $1500 a month which ontop of social security is plenty to live on. Too bad people don’t want to give up their $250 a month now.
Have 100k invested into an index fund by 30, 500k by 50, 1M by 60, and retire
seeing people who had being working for 30 to 40 years of their life and still can't retire. it's not justice.
Please move to Mexico and live better. Your family can come visit you. There is always more southern states to move to. Try Madeira.
Probably about 2k after the tax for her pension doesn’t have to pay a dime for health insurance and gets senior discounts on so many things. Bought her house for probably 50k years ago. Bought a double wide in the cheapest area to live in. What a joke must be nice having that pension though. Where’s mine oh wait those don’t exist anymore. instead we have to rely on the stock market in our 401ks most employers match 4% of our investment.
She has to pay Medicare and gap insurance.
She has to pay Medicare and gap insurance.
Depends if she has a MTG? Otherwise it's relatively cheap where she lives. Can live modestly on that income. She's not telling all.
Who told you medicare was free it's anywhere from $250- $450 a month!!
She needs help from the people at Living On A Dime to Grow Rich.
unfortunately she is in that age group that BELIEVED the government would take care of her in her golden years
Her problem.
It is mandatory to put a little away with every paycheck. Start this no later than age 30. Keep doing it until you retire. Retire at age 70, not before. You will be amazed at the results. And eat only plant based; it is the healthiest diet on the planet and the cheapest. No brainer.
This here is how a pension works, yes.
Maybe that diet works for you
Many people are dead before 70. Aim to retire long before that.
sounds like her fault
The greed of ceos and corporations are the real reason. Income inequality needs to end in murikkka that has more money than the pahrohs did.
Looked like she didn't need no man!
You've never heard of a widow?
Don’t get married & don’t have kids. I retired early & comfortable, no regrets.
American consumption without thinking twice.
Buying swanky trendy thing to seek validation from others.
The sheer bullying others to show off, while living with overdrawn account.
I just don't get it.
Even during inflation, when most financial gurus around the world were talking to just sit on your cash, what American were telling to use up all your money.
Inflation was caused by cash relief in the market but the lesson was to consume more and more.
People don't value long term value but small time satisfaction, just like a child.
So you lived your life eating drinking and having fun gratifying yourself everyday without repercussions now it's time to pay for repercussions.
Don't push it on the young generation as taxes.
Many people in India enjoy AC as a privilege even cars.
After hard work and saving up. That is done through education.
While in American society, 16 boom have a car, have your swanky phone out, go to mall with friends.
While we had to get good grades, education then we had friends trip with out own money.
You work for it. So you understand value of single penny.
Don't ever underestimate that Indians don't have money.
No most is in savings for future just in case.
If everything turns out right, we will throw away millions of dollars just for our sins or daughter marriages.
While American 25000 and they sweat.
We host 4500 people for food, American guest list exceeds 50 they sweat.
We are not frugal we plan for future.
Most Indian parents get houses paid off by the age of 40, even few of my college seniors as well.
Because that's our timekine.
Then we use saved up money for kids education which is fully funded by parents.
And then we wait on those returns, as we sit on fully paid house, cars.
Stop consumption literally and figuratively and you will see the changes.
Financial knowledge is easier than rocket science.
You want to have your STARBUCKS and drink it everyday, then why you complain about being broke.
I have been in states for 10 years once I drank it, and never again.
It's just caramel and whipped cream.
It's just a fashion statement.
Hell no I don't want diabetes at young age.
So yeah man, you lived your life full of glutonny and enjoyed it to the brim and now you complain.
How smooth.
Who will pay for your comfortable life the young by their taxes.
Wow...
Even I say this t my fellow, the level of shopping they do 100-200$ on a dress or 1000 on shoes.
They are shoes for walking, the will walk over someone spit and dog poop someday.
So why do you need a 1000$ shoes.
100$ would do it.
And most these things don't ever appreciate in value.
So yeah, AMERICAN GREED is the answer for this.
As an older person, I remember the 1970s and 80s pretty well. Healthcare, housing, and cars were more affordable. That was all the more reason to be able to save. Fortunately, I invested in real estate, then stocks -- I was buying Microsoft at $17. People need to wise up. The government is not going to put you up in nice housing or buy you a car.
She gets $2,205. That sounds like enough to live on. She probably just needs some small adjustments to her spending. For instance, what are the car payments? Switch to a car you can afford.
2205 for 40 years of working.....what math are you doing?
I will try God
The problem I see here is a failure to plan ahead.
I'm. A. Blue. Collar. Man. 55. Yrs. Old. & All the. Jobs. I.ve. had. Didn't. Offer a. Pension. But. At. Least she. Has. That..I. Dont. Hav that.. BUT. I. Did. Manage to. Save. Some. Because I. Knew that. Pension. Wouldn't. Be there. For. Me...im. Bot. Saying. Shes. Not. In a. Bad Situation...BUT. if. She. Had. Listened. To people. Whe she was. Younger & saved Some $...As. much as she. Could. She'd. Be. Doin. Way. Better than she is...Because. she.d. hav. 3. Streams of. Income. In. Her. Retirement. Yrs. Now...Her. pension..Sos. security ..& $120.000. Or. More. CASH to. Go. With. Those ...I. say. $120.000. Because. Figure. If. She. Saved. Even $3000 Yearly. From. 30. To. 70 yrs. Old. She.d. Hav $160.000...& She said she has a. Car. Payment , She. Doesn't. NEED. a. Brand. New. Car...she. shouldv. Just. Purchased a. Used. $4000. Car. That. Way. Its. PAID FOR !...AND frees. Up. More of. Her. Income. For. Herself..So. she.s. paying. Now. For. Her. Past. Decisions...I. Still. Feel for her though. .
You forgot to add periods to the last 4 words
@@C.D.Holloway-Facebook Lmao
You're right but why are there 5,000 commas in your post? I could hardly read it!
Yeah, better send billions to izraouel, ukraine.
mixing things that have nothing to do. If you see how many the US spent on the military in the past you will realise that a few billions for Ukraine does not change a thing.
@@pope406
True, but americans who built america deserve more than ukranians and izraeliz.
@@sunglasserz the ones that have built america are long dead. The ones that are now alive profited of the work of others. Besides: it´s your system that is broken. But that will not change. Americans seem to believe that everything in this direction is "socialist" and therefore communism. I don´t get how americans don´t grasp the difference between a social democracy and communism. Spend less on the military, spend more on your own people. 5billions for ukraine and israel is a drop in an ocean compared to 801 billion for the military.
@@pope406
Ukraine is ok, but izreael no. Izrael is fashist state. We have a lot of homeless here, if you go to LA, it’s crazy.
@@sunglasserz Israel is not a fascist state. And with america nearly exterminating the native americans you are on very thin ice. Furthermore you attacked Iraq with fabricated reasons.
they did this old lady wrong with the thumbnail
Try being 60 disabled and a home owner getting $1,200 a month
You should use the internet for income! Do you have any skills?
I’m in the same situation as you : uneducated, mid to upper 50’s and two disabilities, a pension without a COLA until I turn 60 that pays about $1,300 a month, and I will never receive social security benefits ( and have can’t get SSDI) because I didn’t put any credits into the SS system.
I must live in poverty for the rest of my life.