Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.

@Mrshuster

4 күн бұрын

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

@larrypaul-cw9nk

4 күн бұрын

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 $30k 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.

@sabastinenoah

4 күн бұрын

Do you mind sharing info on the advisor who assisted you?

@larrypaul-cw9nk

4 күн бұрын

Annette Christine Conte is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@sabastinenoah

4 күн бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

Comparison is the thief of joy! Live your best life!

I remember a conversation with my Mom 30 years ago when I was making entry level middle class income. I told her that I thought it was not enough. She asked me three questions (my Mom was a child during the Great Depression and remembered the experience): "Do you have any serious medical problems preventing you from working?" I answered no. "Can you pay your rent each month with your own money?" I answered yes. "Can you feed yourself each month?" Again I answered yes. She then told me to stop complaining because I was doing a lot better in life financially than most, especially world-wide. She passed a decade ago and I follow her advice to this day.

@joycewright5386

29 күн бұрын

Your Mom was very wise!

@jessicaa3623

28 күн бұрын

Thank you for sharing...your mom still speaks today and helps others, by you sharing her voice!

@liveandretireusa

27 күн бұрын

"Such a powerful reminder of perspective and gratitude. Your mom's wisdom echoes through time-focusing on what truly matters in life. It's incredible how her simple yet profound questions reshaped your outlook. How do you think her advice has influenced your approach to financial planning over the years?"

@erictheblue7256

26 күн бұрын

@@joycewright5386 She was indeed. No education beyond high school, but far more knowledgeable in general than most college grads I've met: LOL-myself included.

@erictheblue7256

26 күн бұрын

@@jessicaa3623 Thank you for your kind words. I'm sure she, and I know I appreciate it.

Funny thinh about money: People that have it pretend they don't and those that don't, pretend they do.

@DrSchor

29 күн бұрын

i did not get the joke. why is that funny?

@burnerjack01

29 күн бұрын

@@DrSchor Not funny ha ha. Funny strange.

@wdm213

29 күн бұрын

Funny Ironic

@johnurban7333

29 күн бұрын

You’re right, it is funny and true

@afather.

27 күн бұрын

@@DrSchor you as a doctor most likely do not have a lot of assets wealth of the income you have.

I retired in 2021 believing $400k would be enough, but with this sustained inflation, that's no longer my reality. Each withdrawal made it harder for my nest-egg to recover through compounding Interest. Recently, I've felt like I am one emergency away from being destitute

@MaxWell-pp9zs

24 күн бұрын

I'm almost ready to retire, and having a financial advisor has been incredibly beneficial. Since I started investing much later in life, I couldn't rely solely on compound interest from index funds. I've managed to earn more than some long-term investors. I'll be retiring with at least $6 million.

@MarjorieRyanJoy

24 күн бұрын

Your financial advisor must be excellent. How can I get in touch with them? I'm worried about my retirement portfolio and could really use some guidance

@MaxWell-pp9zs

24 күн бұрын

I usually avoid giving specific recommendations since everyone's situation is unique. However, having worked closely with Emily Ava Milligan for years, I can attest to her great service. You might want to see if she meets your criteria

@MarjorieRyanJoy

24 күн бұрын

I looked up her name online and found her page. I emailed and made enquiries. Thanks for the help

@HALWG51

4 күн бұрын

You got screwed the last few days. Go back to work.

Sir this is an eye opener video and I would be retiring in 5 years and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90,000 per annum but nothing to show for it yet

@hullbruce

27 күн бұрын

Good comment, do well to search for dividend aristocrats and choose six to ten companies with over 25 years of dividend payments. Consider working with a financial advisor to build a strong portfolio.

@Jaymilnere

27 күн бұрын

@@hullbruce Speaking from personal experience, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.

@Higuannn

27 күн бұрын

@@hullbruce This wouldn't be the first time i am getting the suggestions to use one, but finding a decent one has been challenging. Do you mind leaving some recommendations?

@Jaymilnere

27 күн бұрын

@@Higuannn I'm not one to give recommendations but The likes of Sharon Crump Cline does a good Job. I've been working with her for years. All the info. you need to set up an appointment is on her web page.

@Higuannn

27 күн бұрын

@@Jaymilnere Thank you for this pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a calI session with her.

Best course of action is to Run Your Own Race, as best you can. Be thankful for what you have.😊

@TM-li7bl

29 күн бұрын

Amen to that!!

Comparison robs you of joy and the thankfulness of the blessings you do have. Thanks for all your great videos.

@burnerjack01

29 күн бұрын

That is so profoundly simple and true. Dorothy was correct more ofte n than not: When you seek happiness, look no further than your own backyard.

I proudly stand beside my rusty 1995 chevy G20 van.

@tomtensecretlanguage9273

29 күн бұрын

AWESOME!!!!!!!!!! 👍

@spicycopper2436

29 күн бұрын

I am with you. I love my 2002 Jeep Wrangler Sport !

@kgm2000

29 күн бұрын

Driving my 2002 KIA Sedna with 332K miles.

@sandyseibelhager7131

28 күн бұрын

Same, 2004 Highlander and 2008 Corolla. 207k miles and still going strong

@SpookyEng1

28 күн бұрын

Like a vision she was laying there…..

Be happy you can still move around, and have low pain levels. Too late for that comparative garbage. Every good day is a blessing..

I don't' care if others have more money!

@teej4156

29 күн бұрын

Thou shall not covet.

@scoutandscooter

29 күн бұрын

I don't care if I have more money.

With A.I fake social media pictures are even more possible. Because of what you taking about, I don't do social media anymore. It was making me feel bad about myself and felt I didn't accomplish enough. I just retired two weeks ago and have never slept better.

@augustineadeyanju9638

29 күн бұрын

Lucky you Rosa

@Vermontist1

29 күн бұрын

Enjoy every moment!

Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $800K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals

@fresnaygermain8180

28 күн бұрын

Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management

@yolanderiche7476

28 күн бұрын

Opting for an inves-tment advisr 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 85% since 2022

@bernisejedeon5888

28 күн бұрын

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

@yolanderiche7476

28 күн бұрын

Sharon Marissa Wolfe is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.

@edelineguillet2121

28 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

This is so true! The wealthiest people I know, you would NEVER know by what they wear/drive/carry on their shoulders.

I personally don’t do social media. I’m 59 and retired. I drive an old truck, wear clothes from Walmart and Amazon, have NO debt, drink 2 buck Chuck. I have to impress nobody. Oh and I’ve saved and invested and never have to work again. Social media sickens me.

@steveos5112

28 күн бұрын

What happens when you get real sick or in an accident?

@paulfly3121

6 күн бұрын

I'm a few years older than you, but feel the same way. Money is not the root of all evil, social media is!

Lots of people have more money than me, I’m sure.I’m lucky in love with my husband of 44 years. So, I feel like the luckiest and wealthiest person alive.

It's the love of money that's supposedly the root of all evil, not money.

@SteveHutchcraft

29 күн бұрын

Exactly.

@kwilliams2239

29 күн бұрын

Yes, money is just a tool. Like any other tool, it can be used for either good, or bad.

I’m very glad that I’ve never had this affliction.

Rather have Lunch with Schmidt over Schwarzenegger.

@icedteamama176

27 күн бұрын

For sure!!! 👍

I have practiced delayed gratification to amass what I believe is financial positioning funds to maintain a long and enjoyable retirement.

Planning for retirement can be so confusing, especially with all the new numbers for 2024. How much is really enough to retire comfortably without constantly worrying about outliving your savings?

@simonbad

27 күн бұрын

Totally agree. It feels like the goalposts keep moving. I'm trying to figure out the right balance between saving and investing to ensure I can maintain my lifestyle.

@Erinmills98

27 күн бұрын

I'm curious if anyone has had success working with a financial advisor to plan their retirement. It seems like having expert guidance could be crucial in getting a realistic target number.

@AstaKristjan

27 күн бұрын

That's a smart move. With so many variables, a good advisor could help make sense of it all. The investment adviser I use is "Kristin Amy Rose" you could just research the full names

@LarsBergstrom-uh2eu

27 күн бұрын

Kristin Amy Rose

@Erinmills98

27 күн бұрын

How do I get intouch ? or can I just look her up?

I love the example of the Chevy Impala with the Christmas tree hanging from the rear view mirror. Hahahaha

This video just made me prouder of my friends. This was so foreign to me. It did give me an idea to post a picture of my 22 year old minivan.

I always told my children, when others are buying nice cars and nice purses and such, you appreciate a large 401k or Roth. Build a large capital base then live off of dividends when you retire, early.

I enjoyed this. Thank you. My folks (b. 1908/1914) started a family at the height of the Depression. This profoundly influenced them and much of their thinking transferred to me. 1) Pay off balances every month, never carry debt except for mortgage/car loans. 2) Pay yourself first. Save with every paycheck. 3) Go to school. 4) Live below your means. Buy a top-of the line Chevy instead of a Cadillac and save the difference. 5) What your neighbors do is none of your business. Thanks mom and dad.

I am much more content to be retired, with a paid for home. Enough money in the bank, to pay for the AC repair or replace the washer without using credit cards. I sleep very well, know as long as I pay the taxes we have shelter. VS relatives who are retired and off on this or that vacation or trip but still have years left on the mortgage. If I want to impress someone I would tell them I listen to Holy Schmidt 😅. Keep up the good content

After investing from my salary of 350k for 4 years, I've only made about 8% total, or 2% per year, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?

@wineski

25 күн бұрын

I don.t really know your risk tolerance or asset allocation, sounds like just bad stock picking. Also unclear if you have an advisor providing value via financial planning or other decision making. But likely scenario is just bad stock picks. Index funds, Etfs and chill.

@stillrising1999

25 күн бұрын

The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 330% since covid-outbreak to date, summing up nearly $1m.

@c.t.u.o

25 күн бұрын

i've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

@stillrising1999

25 күн бұрын

Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@ktube2020

25 күн бұрын

Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes. Thanks for the info

The wealthiest person is the one who needs the least, not the one who has the most.

it's sad to hear some people are like this

Geoffery - The saying is "The LOVE of money is the root of all evil" NOT "Money is the root of all evil". A big difference in the meanings.

Went thrifting today, splurged and bought a good shirt for .99 cents but didn’t find any good books. As of the close of the market yesterday I had topped $1,030,000. I will turn 56 next week and to me at this point money provides security, nothing more. It took me a lot longer than it should have to figure out this thing we call life.

Hope that you're having a relaxing and fun vacation. Thank you for the videos.

Why would anyone care about what other thinks about their finance unless they are expect other person give them money?

I'm one retiree who does NOT feel I'm behind others. I have just enough for my needs. I'm horrified that so many Boomers have less, often much less. Many live on Social Security alone. And I'm not going to put them down and say it's there fault. Why? Because the only reason I'm surviving is sheet luck. My best friend retired a millionaire. Now he's broke because of medical expenses. Fate can deal some cruel blows.

@Mexicobeanpole

29 күн бұрын

People don’t realize how fragile health and finances can be when living in the U.S. Good health makes us the wealthiest people on earth.

@joycewright5386

29 күн бұрын

I feel extremely wealthy because I am retired, debt free, healthy, able to meet all my needs on social security, and Jesus is my Lord and Savior. It’s all how you look at it.

I have no social media accounts. The one guarantee in life is you will always find someone smarter, better looking, or that has more money……. Comparison is the theft of joy avoid it and you find much more joy in your life.

My brother left me some very expensive watches. I prefer my Seiko. It’s a good looking watch, I’ll never get robbed, and it tells time just fine.

@furnacefighter

29 күн бұрын

My Timex watch keeps time just as well as any expensive arm jewelry. Hold the bang, save the bucks$$$.

@737Parkie

16 күн бұрын

I like Casios. 🤣

I always appreciate your perspective.

Thanks! As always informative and enjoyable!

Great episode, really enjoyed it. You confirm what I see everyday and thanks for sharing.

Another great video. Thank you!

One of your best videos! This really hit home!

Appearances can be so deceiving. Don't worry about others and just keep doing your thing.

Absolutely enjoy this community! God bless you Mr Schmidt!

Near retirement physician here: saved very well for retirement, live well below my means (paid off home, no car payments, no credit card debt, and don’t buy expensive stuff)- ZERO social media presence by my choice, and at 60 years of age, getting ready to get out of the medical practice I work in (maybe another 3 years). Expensive stuff is just that, expensive stuff that for the most part is not needed. We spend properly to make our home comfortable, for us, and other than that, don’t spend too much overall. I drive 2 old cars (31 and 20 years old) and the Mrs SUV is now 12 years old (which I maintain, and runs as new despite higher mileage). 3 motorcycles as well and the newest of these is now 21 years old as well. New stuff becomes old and boring rather quickly. No one knows my net worth and I plan to keep it that way. I’m very satisfied with the way life is going and want for nothing actually.

Big hat, No cattle

Your kind and entertaining "bedside manner" is superb. You never talk down to us in your audience. You are just very impressive in your tone and content.

That’s why wealthy look poor & the poor want to look wealthy

Very true.. Thank you.

Great video!

Thank you; well done.

True. Great content

I lived in Dhaka, Bangladesh for awhile. Loved to roam the back alleys neighborhoods. During Eid, people would buy a cow and tie it up outside their door awaiting slaughter. Before that day, they would decorate the cow with ribbons etc. Sometimes you could see a decoration war ... the neighbors cow had more ribbons than yours, so you add a few more ribbons. The next day the neighbor retaliated by adding even ribbons more plus a sparkly thing or two ... and so on. Who had the best cow (or goat)? This meant a lot in a back alley neighborhood.

Fantastic comments. It's true. Public strivers never tell you about their debt. And yeah, if you really have money, the last thing you want to do is to let people know about it. People come out of the woodwork with sob stories asking you for it.

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 compound interest and potentially grow your retirement savings over time.

@rogerwheelers4322

28 күн бұрын

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

@joshbarney114

28 күн бұрын

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

@FabioOdelega876

28 күн бұрын

@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

@joshbarney114

28 күн бұрын

Finding financial advisors like Marisa Breton Dollard 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.

@FabioOdelega876

28 күн бұрын

Excellent share, just inputted Marisa Breton Dollard on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal.

You are simply the best.

Great video!! That’s why I don’t use social media. It’s all an illusion and a waste of time.

Hey Geoff, a 0:37, you at said "The reality is if you're watching this channel, you're probably not behind most people." I don't disagree with you, but I get the impression that your content leans toward people that make up the lower end (income, savings, net worth, etc.) of _most_ people, and I have recommended many people to your channel specifically for that reason because I think your advice is solid for them.

If we never look at social media, we'll never know what we're not missing 😉 Works great for me.

It’s not how much you have it’s how you save, invest and spend it. Very good video

It would be great if some of these You Tube channels stopped trying to make the younger generation so angry by telling them that the older generation got their wealth so much easier than they will ever have it. And they will never be able to get a house like those before them did. Reality is, no they can't afford a $400k house - but they could find a nice starter home - that with some sweat equity put into (like the older folks had to do), they'll eventually be able to afford the home of their dreams. Everyone seems to think if they can't afford something immediately, they never will.

Just read “The Psychology of Money” by Morgan Housel absolutely loved it great piece of perspective 🙂

@freedomlife3623

29 күн бұрын

I read it every year since I got it, still learning some lessons every time.

The human animal can be so full of EGO contrary to most animal species. Excellent video ~ Thank you.

Your observations are brilliant. I live in a very affluent community. I advise high net worth families who are very quietly wealthy. On the other hand, I observe spenders purchasing items that are way out of bounds for any financially responsible individual.

My selective presentation comes down to my excitement of dreams coming true after struggling in early life! Do see your point!

One time I was in my ranching, dirty old clothes and I took my old ranch truck to town and while I was in town I took my cans back to be returned. Someone saw me, assumed I must be needy, and gave me their bag of cans. No one knows I'm a millionaire.

I’d rather have that clock behind you than anything from Chanel. It’s practical and beautiful.

I strongly think that there should be a high school class that covers all of this - how people fake so much of themselves on social media. That, and how to better see click-bait titles. Another is how ads are designed to make people scared, insecure, or lacking in some way, before presenting you with their "solution." Being sensitive to how scams work, etc. I think it would go a long way toward "waterproofing" our young people. Regarding jets, I worked for a large company where the owners could have very easily owned their own Gulfstream 4. Nope, they lease, and have no social media presence.

@catherinesanchez1185

29 күн бұрын

Jets are like boats . Buying one is just the beginning of the $$$ going out . They require constant , skilled maintenance and proper storage . You also have to have a pilot you can trust . The consequences of NOT maintaining them is severe .

I drive a Chevy Impala. 😢

No social media for me. If my friends care about my assets, then they are not my friends. I never will have a fortune, but I have more than enough money in retirement to travel within a specified budget. I live under my income and consider myself blessed. As a former teacher, high earnings did not happen but I learned early that it is not how much you make but rather how you manage what you earn that matters.

Another pattern: FI-nance is most often a noun, whereas fi-NANCE serves as a verb.

@Vermontist1

29 күн бұрын

Yeah. I am surprised by Jeff's explanation of why and who pronounced it how. I think he may be at least partly mistaken.

@HolySchmidt

28 күн бұрын

english.stackexchange.com/questions/252039/pronunciation-of-finance-and-financial-in-the-media

I made a mess of the Thumb's Up button ..

One of my college roommate was Arnold Swartznegger's second cousin, twice removed's wife's first husband's niece's husband!

@kwilliams2239

29 күн бұрын

My wife is LBJ's second cousin. Something that she certainy doesn't want to admit. 🤣

@Vermontist1

29 күн бұрын

I think that makes Arnie MY best friend, right?😅

Good week to be on LBI!

Why would I give a fish mouth a nickel for taxes if I was financially secure? I'm glad I have good insurance, especially since I had heart surgery in February!

@bossqueen_lala3098

29 күн бұрын

At the age of 67, I left my job and began receiving my full Social Security benefits. and after a couple of years went back to work full-time in a different industry. For me, it's enjoyable. Really! As so, I make money from three sources. I like life and go wherever I want to go.

@collins.l454

29 күн бұрын

Just take off the bandage and release them. I sell a coin right away if I'm unsure about it. Although it is annoying to lose money, the longer you keep it as a pet, the more opportunities you miss out on because you could have spent the cash on something more worthwhile.

@CoreyLloydo

29 күн бұрын

In a decade, your retirement assets and financial flexibility will increase. Your ability to live within your means will be the reason for your success! It'll be easy-it's just you!

@bossqueen_lala3098

29 күн бұрын

"Taking good care and consideration of everything you own" is true. My FA resolves issues for me the majority of the time. *Leah* *Alderman* *Foster*

@OscarOwenn

29 күн бұрын

Time is the most precious resource that most people misuse. There are only five opportunities in a lifetime to begin a low-risk, thirty-year investment route that will lead to financial independence, starting at age 25. It is definitely achievable after that, but the harder it gets the longer you wait.

There is always someone with more or less money than you. Irrespective of how much money someone has, there will always be someone with a "better" or "worse" life than you...unless you choose to stop comparing your life or your means with others. One of the few true blessings of having more than you need is you no longer worry about how much (more or less) someone else might have. You are simply grateful to have more than you need. How do you achieve that? By understanding your means and then learning to live quite well, within those means. The problem with many folks is they live beyond their means, consistently, even as those means increase. If you flip that around and always live well within your means, even as they increase, you'll gradually attain that level of wealth (more than you need) I mentioned earlier.

Maybe I’m an exception to the rule, but I could care less about weather someone has more than Idi. I’m just thankful to God for what I have.

A Legacy 450 or 500 are sports cars of the airways. Modern electronics, good stuff.

My aspiration was my family living in a nice town, in a comfortable home, the kids attending good schools, having their own rooms, my wife being able to stay at home when the kids were young and having a guest room. At retirement , which really was not being employable at 60, being able to afford a modest life with occasional travel

I don’t own a car. I don’t own my house, but I enjoy my yoga my part-time job and my pension. I can afford to go out to eat since I pay for a car or the repairs. It’s good to live near Philadelphia .

Im your typical millionaire next door. I just worry about whats on my plate. I just want to blend in and not be bother. No show and all dough wearing t shirts and shorts from Walmart and still driving my 2012 Honda Civic Lx with a CD player. Life is good.

No matter how rich I am I will always get a thrill at the grocery store when I buy one and get one free.

@catherinesanchez1185

29 күн бұрын

I know right ??

I did like your handbag story. Reminds me of the Hermes store in Paris where we spotted a handbag that cost more than my car. I guess that says something about the car and about the bag. And us.

Great Info, It's hilarious how some folks think it is a sin to buy a new car, (or they should receive a badge of honor cause they drive an old one) we like driving new cars we always have, we're responsible folks that have always paid our bills on time & saved $$$ for a rainy day & retirement, (no debt) we don't buy expensive luxury or sports cars for the most part they're average new vehicles, and never desired to take expensive vacations, to each his own be your own person!

I think the last thing I posted on social media (about 10 years ago) was me dealing with a sump pump that was on the fritz. That'll tell you all you need to know about my wealth and social standing ;)

I go by the Dave Ramsey financial retirement goal!!👏👏👏

This presentation is the most realevent one you have paosted recently. All the way though I was finding myself nodding "yes" to the specific subject you were addressing. THANKS for reinforcing my personal perspectives!

Your flufferier video, I fast fowarded

I have a little bit of money. I do not post photos on social media because I do not want to be meme.

It’s the love of money that is the root of all evil.

Everyone should feel good if you are saving 15-25%. Biggest factor is when you started. If some people have much more it’s because they are likely benefiting from external factors (inheritance, etc) or they did very very well for themselves and have an extremely high savings rate

"Entry level jet" haha

There's another financial channel host who used to sell jets before becoming a financial advisor. He happened to notice a picture of a high end jet on the wall on a billionaires office wall and knowing a bit about jets, he complimented the man. He was a well known billionaire from the Bay area and didn't mention his name. To that remark the man quickly pointed out how another well known billionaire had a jet that could make it nearly twice the distance without stopping for fuel! It's an interesting way of thinking yet the advisor always buys used vehicles, where's inexpensive clothes, when not working and impresses these habits onto his viewers!

Before social media, I knew a woman who made it a habit of buying an expensive dress, wearing it to a party to be "seen", then returning it the next day. I didn't even want to be in the same room as her, and I can't help but wonder what social media has done for her self-esteem.

@catherinesanchez1185

29 күн бұрын

There are websites that allow you to “ rent “ clothing now . Honestly , it’s a better solution , because it’s less destructive for the environment and probably healthier for a lot of people’s budgets

@genxx2724

28 күн бұрын

There was a Neiman Marcus sales lady who was Facebook friends with a repeat customer. The customer posted pictures of herself wearing an expensive dress bought from that sales lady on New Year’s Eve. The sales lady saw the photo on Facebook. Then the customer came to return the dress, tags attached. Not only did the sales lady know the dress was worn, but it impacted her commission.

@kurtbilinski1723

26 күн бұрын

@@genxx2724 Ironically, the lady I spoke of did in fact get her dress from "Needless Markup"

Ah, materialism. I was in that trap when I was a younger man, but not anymore. The things that I really think are valuable now in life, or that make me really happy don’t cost money. I’m not saying that a certain amount of money isn’t necessary because no one wants to live in poverty. Beyond that, however, always chasing something you don’t have to benchmark with your peers or make yourself feel happy briefly right after you purchase is a fools game. That means you haven’t really learned much in life IMHO. You can’t take it with you, and if you are in the retirement age band, that moment will come sooner than you would probably like or possibly sooner than you might expect.

Great insights! Comparing financial situations can be daunting, but everyone's journey is unique. Your discussion on how careful planning and adjusting strategies over time can lead to financial security is reassuring. What steps do you recommend for someone feeling behind in their retirement savings?"

We have only one low income, paid for top private colleges for our kids, taking cares of other family members. Now we are facing our own retirement with way below average saving and low projected SS. We want to compare and have something to show off very badly. But we don’t have any means to do so. Really envy those who are showing on KZread.

You can see what people spend not what they have.

Deferred Gratification. Proverbs 22:7 " As the Rich rule the poor so the borrower is SLAVE/SERVANT to the lender" My Motto as a certified counselor by the Late larry Burkett and Dave Ramsey. I don't agree with everything they say but stay debt free,live within your means and follow the basics. Great videos!

A girl I went to school with portrays a lavish lifestyle but she messed up last week showing pictures of her hurricane damaged yard. I could see all of the houses in neighborhood Not the picture of affluence Just sayin the gig is up

Dont know one house hold that has lower overhead or spening than mine