I chose to live cheaply and retired at 50. No amount of Patek Phillipes will ever beat not having to jump into a freezing cold car at 7am and fight through traffic to spend the day with miserable people.
Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
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.
The answer to question 1 is tough. I have been putting off everything i have ever wanted to do to make money; I expect that is the vast majority of men over 50. Problem is I don’t even know what I want anymore.
Understand the feeling. Started in the corporate world in 1990 and have experienced multiple downsizings/layoffs. Some made it through and others not the case. It’s shaped me and impacted my feelings towards corporate America (not positive). Yet, it’s what I know. It’s a love/hate relationship. Would retire today yet need to retire to something not from something. That’s a real struggle.
I decided to pull the plug in February. I like my job, but its not a passion. It’s just an ends to a means. I’m looking forward to focusing more on my own health, and spending time with friends. I have plenty of things to keep me busy!
Thank you for the good information, Azul! I’m very happy that you have a passion to share what you’ve learned over the years in your career. It gives many of us food for thought.
I like the Short Format you use on your channel (My "Time viewing is precious") 1) Health is #1 2)on the decision process."Retiring to Something" .. Does NOT MATTER. Figure it out afterward. It is easy. 3) Why work if you hated what you did? 4) The "Plan" is common sense. Know your finances and potential future... a GOOD CPA (not a financial Planner) can answer all these question. Pay them to do your annual taxes and manage your investments yourself. It is Common sense and easy.
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
I'm trying working a little less through end of this year and possibly until I retire later in 2025. I'm enjoying three day weekends every week instead of only alternating weeks! The five day work week is just crushing. I do wish we could get beyond that old premise. Unlike many folks, I didn't hold off on my dreams while grinding it out the past 35 years. I did a lot of cool stuff along the way. I don't really have a "retirement bucket list". I just want to wake up when I want, stay up late, go for a motorcycle ride anytime I please and not have any more stupid meetings, planning sessions and mandatory training requirements to meet!
Love this info. So relatable. Everything you mentioned is what I have been thinking about. My husband retired early and we moved. I am still working at a new job but scaled back my hours. I have many hobbies but find it hard to completely let go of work.
In California the state will extend Cobra coverage for another 18 months. Doesn't matter though, from the market or through Cobra is similar price, retired at 55 and budgeted for 20k/yr. If you have the money it's not worth waiting just for healthcare, Medicare is far from free also.
I retire in 30 days at age 66 and 8 months. Right now I feel a little nervous and excited at the same time. My first order of business is a good month or two in Europe just enjoying life and wandering around. My financial advisors and the internet tells me I have enough money but after massively saving the last 15 years to make up for a Divorce in my 40’s it will be really strange to not be saving but just spending.
i travel extensively for work - for example, I just returned from 4 wks in Asia. I am right around 60 yrs old - and it kicks my arse hard these days. The jet lag especially. Been thinking about how many more times before I drop dead.
I just traveled to Japan with my two adult sons after turning 61. We kept 11 days worth of clothes and other travel items in large backpacks. We moved from place to place almost every day. I was able to handle the load for the trip, but I see where it will get harder over time.
My life has been run. I can’t change it. I have no ‘financial’ knowledge. Now I have this money that I worked for. And I still have an income from this ‘pension’ thing. You know what? I will work it out. I will stop doing things that made me able to my job. I will stop doing things that allowed me to teach myself (technology sector). And I will be good. My new SMART (sic, I hate this)goal is to enjoy my life within my means
I think this all changed for now. We have no idea about the future of the Affordable Care Act. If it goes away I would not dare bridge from age 58 to Medicare. Too much of a gamble.
@ also worth noting is that humans are terrible at predicting abstract risks such as market disruptions and the impact of policy decisions. More often than not, when we get out of the market, it is at the wrong time, and when we get back into the market, it is too late.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
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.
It's recommended to save at least 20% of your income in a 401k. Stacy Lynn Staples taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so many ways! She has upscaled my portfolio and even got me reading self help books haha
I work with Stacy Lynn Staples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
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.
!!I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Shellane Maxwell can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
New survey has revealed rising adoption of cryptocurrency among the world billionaires, as they start experimenting in the digital currency, expanding their investments portfolio beyond traditional profitable assets
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
I don't comfortably throw recommendations around on the internet, but I've been working with Caroline Suzan Olson. God! She's brilliant! I'm sure there are others who are good.
Can't lie This is mind blowing indeed the name sounds too familiar I've come across individuals talking about her great service I guess this is a sign to try her out.
This is interesting. Literally, I just Googled her name, Caroline Suzan Olson, and her website came up right away. It looks interesting so far. I'm going to send a mail to her and know how it goes. Thanks for sharing truly!
Hi Azul, Great video! 👏 I’m Rafsan, a **RUclips SEO expert** with over 2 years of experience. Through my agency, I’ve helped numerous creators like you significantly grow their channels using data-driven strategies, including optimizing titles, tags, descriptions, and more. If you're looking to enhance your reach, boost engagement, and achieve long-term success on RUclips, I'd love to connect and discuss how we can work together. 🚀 Looking forward to hearing from you! Best regards, Rafsan
I chose to live cheaply and retired at 50. No amount of Patek Phillipes will ever beat not having to jump into a freezing cold car at 7am and fight through traffic to spend the day with miserable people.
Good choice. I retired at 32 years old with 2 million USD, and if I am frugal enough I never have go to work again.
Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?
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.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
The answer to question 1 is tough. I have been putting off everything i have ever wanted to do to make money; I expect that is the vast majority of men over 50.
Problem is I don’t even know what I want anymore.
Understand the feeling. Started in the corporate world in 1990 and have experienced multiple downsizings/layoffs. Some made it through and others not the case. It’s shaped me and impacted my feelings towards corporate America (not positive). Yet, it’s what I know. It’s a love/hate relationship. Would retire today yet need to retire to something not from something. That’s a real struggle.
I decided to pull the plug in February. I like my job, but its not a passion. It’s just an ends to a means. I’m looking forward to focusing more on my own health, and spending time with friends. I have plenty of things to keep me busy!
Thank you for the good information, Azul! I’m very happy that you have a passion to share what you’ve learned over the years in your career. It gives many of us food for thought.
i notice that i listen with a heavy heart to all the good advice you give. ❤
I like the Short Format you use on your channel (My "Time viewing is precious") 1) Health is #1 2)on the decision process."Retiring to Something" .. Does NOT MATTER. Figure it out afterward. It is easy. 3) Why work if you hated what you did? 4) The "Plan" is common sense. Know your finances and potential future... a GOOD CPA (not a financial Planner) can answer all these question. Pay them to do your annual taxes and manage your investments yourself. It is Common sense and easy.
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
If you can, then get a professional to trade for you I think that way your assets are more secure.
Someone like expert viola patterson
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, viola strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
I'm trying working a little less through end of this year and possibly until I retire later in 2025. I'm enjoying three day weekends every week instead of only alternating weeks! The five day work week is just crushing. I do wish we could get beyond that old premise. Unlike many folks, I didn't hold off on my dreams while grinding it out the past 35 years. I did a lot of cool stuff along the way. I don't really have a "retirement bucket list". I just want to wake up when I want, stay up late, go for a motorcycle ride anytime I please and not have any more stupid meetings, planning sessions and mandatory training requirements to meet!
Love this info. So relatable. Everything you mentioned is what I have been thinking about. My husband retired early and we moved. I am still working at a new job but scaled back my hours. I have many hobbies but find it hard to completely let go of work.
I got out of fulltime employment at age 55.. Did a career pivot to something part time which took me until SS kicked in 2 yrs ago. Never a regret
Thank you for continuing to give great advice and help guide is us in life. It is hard work and is appreciated.
I’m only waiting until I’m 63 1/2 so I can have cobra coverage until Medicare kicks in.
In California the state will extend Cobra coverage for another 18 months. Doesn't matter though, from the market or through Cobra is similar price, retired at 55 and budgeted for 20k/yr. If you have the money it's not worth waiting just for healthcare, Medicare is far from free also.
@rarelycares8416 yes Cobra is very expensive. I just don't want a gap in coverage. I don't trust that ACA marketplace will still be available.
I retire in 30 days at age 66 and 8 months. Right now I feel a little nervous and excited at the same time. My first order of business is a good month or two in Europe just enjoying life and wandering around. My financial advisors and the internet tells me I have enough money but after massively saving the last 15 years to make up for a Divorce in my 40’s it will be really strange to not be saving but just spending.
You will adjust, and you will be ok.
Azul: "retire now if you answer 'yes' to these five questions."
me: "um... you listed six questions and the sixth one had three parts." 😂
I am working on getting comfortable with the fact that words no longer have meaning. It is a challenge.
2 more months for me.....just relaxing at work and cruising to the finish line..... Only "working" 2 days a week now.
😂 👍
You are part of the reason for age discrimination. Employers are hesitant to hire older people, because they might turn to a such lazy leech
Not going out to eat lunch with my co workers is why I am retired and they are not.
Yes, I once heard someone say most people ate their retirement!
i travel extensively for work - for example, I just returned from 4 wks in Asia. I am right around 60 yrs old - and it kicks my arse hard these days. The jet lag especially. Been thinking about how many more times before I drop dead.
get out while you can. travel becomes exponentially more difficult after 60. one of my parents retired because the travel was becoming too much.
I just traveled to Japan with my two adult sons after turning 61. We kept 11 days worth of clothes and other travel items in large backpacks. We moved from place to place almost every day. I was able to handle the load for the trip, but I see where it will get harder over time.
My life has been run. I can’t change it. I have no ‘financial’ knowledge. Now I have this money that I worked for. And I still have an income from this ‘pension’ thing. You know what? I will work it out. I will stop doing things that made me able to my job. I will stop doing things that allowed me to teach myself (technology sector). And I will be good. My new SMART (sic, I hate this)goal is to enjoy my life within my means
Die With Zero, best book.
The most important question is: do you have a plan?
I plan to retire before I die. I don't want to be found in my cubicle 4 days after I clock in.
😂 unfortunately most people don’t
Yes I do
@@fritzbert8395 👍🏻 if you are at least thinking about it, you more than likely will succeed with your finances.
I think this all changed for now. We have no idea about the future of the Affordable Care Act. If it goes away I would not dare bridge from age 58 to Medicare. Too much of a gamble.
This is my concern
I don’t think ACA is going away. It might change in some ways, but something will be there. the biggest problem is funding all these programs.
fear is the most powerful motivator of human behavior. the perceived "safest" thing to do is usually nothing.
@ also worth noting is that humans are terrible at predicting abstract risks such as market disruptions and the impact of policy decisions. More often than not, when we get out of the market, it is at the wrong time, and when we get back into the market, it is too late.
@@H..M.. exactly. fear-driven behavior compounded by the fact that to time the market you have to be right twice.
Azul stumbles upon "the juice isnt worth the squeeze!"
Read the book by Bill Perkins. It’s worth the read and the squeeze.
Buffets on the back straight of his final lap. I bet you he’d give every dollar he has to be 30 or 40 again. Not retaining a billion.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
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.
It's recommended to save at least 20% of your income in a 401k. Stacy Lynn Staples taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so many ways! She has upscaled my portfolio and even got me reading self help books haha
That's an intriguing outcome. How can I contact your Asset manager?
I work with Stacy Lynn Staples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
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.
!!I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
look up her name on the web for her website.
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this.
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Shellane Maxwell can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
New survey has revealed rising adoption of cryptocurrency among the world billionaires, as they start experimenting in the digital currency, expanding their investments portfolio beyond traditional profitable assets
I heard her strategies are really good, How do I reach your Coach/mentor.
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
CAN”T SHARE MUCH HERE SHE’S MOSTLY ON TELEGRAMS WITH HER NAME
@Shellanemaxwell she's verified
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who's this advisor you work with?
I don't comfortably throw recommendations around on the internet, but I've been working with Caroline Suzan Olson. God! She's brilliant! I'm sure there are others who are good.
Can't lie This is mind blowing indeed the name sounds too familiar I've come across individuals talking about her great service I guess this is a sign to try her out.
This is interesting. Literally, I just Googled her name, Caroline Suzan Olson, and her website came up right away. It looks interesting so far. I'm going to send a mail to her and know how it goes. Thanks for sharing truly!
Hi Azul,
Great video! 👏
I’m Rafsan, a **RUclips SEO expert** with over 2 years of experience. Through my agency, I’ve helped numerous creators like you significantly grow their channels using data-driven strategies, including optimizing titles, tags, descriptions, and more.
If you're looking to enhance your reach, boost engagement, and achieve long-term success on RUclips, I'd love to connect and discuss how we can work together. 🚀
Looking forward to hearing from you!
Best regards,
Rafsan