Відео

Scandinavian.

We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.

Try finding a job when you are over 55...especially in a crap economy.

Awesome post, thanks for highlighting the way we should be.

Azul it's hard taking any information concerning financial management from a communist country. They may have 300 million people in their middle class bit considering the overall size of their population it's quite insignificant. Their government controls everything and they can make their financial security disappear faster than you posting a video. Thanks for sharing though.

Spend less on fast food and junk food. Save by cooking your own food.

Love the idea of the Scandinavian video 😀

Scandinavia please

No one can safe 90% of what they earn unless they move to China. Why talk about pie in the sky?

Retired at 64 in April 2024. Worked for 44 years in a tool and die shop. Yeah, I was really ready to go. I’m on my own clock now.

The increasing tax rate is the reason I rolled over my 401k to a ROTH. I wouldn't want to be paying taxes on current income on withdrawals made from my retirement account. I have been maxing out my 401k, 457b and Roth IRA for the past decade. Two incomes doing the same. Grinding down hard in my 20s-30s to let it ride into my 40s and beyond.

Scandinavia

Wow! What a great video. you so well articulated. Monetary and Fiscal policies should work hand in hand to have a full effect, but we live in an era where government just doesn't care, it will spend and double-down and spend more and more.. it just doesn't care, and it would debilitate the monetary policy. The sad outcome will be likely BOTH the transition to a digital dollar CBDC that will give ultimate control to the government thus shrinking even more the independence of the central bank. At some point the central bank will have no actual meaning left. Honestly, it feels we're not too far from it already..... I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading...The only wild card for us investors is to actively engage the market by trading, it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

Chinese save 110% of what they make. They squeeze the money so tight it will increase

Obviously you were never in China.

Both of my siblings were given a free ride well into adulthood, and I wasn't for whatever reason, and I ended up doing better in terms of finances, health, and stability. I don't believe in giving everything to your children when they are young because youth is the time to learn from failures. If never been given the chance to fail when young and to learn from those failures, in older age the failures can be far more devastating IMO

Azul we are a little worried about you is your health ok 😊

and AI will make it 100000 times worse in coming years

Scandinavia

Scandinavian please 😊

Scandinavian.

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

nobody in my family has ever made it to 72. I have been working since I was 14, I am 62 now. I am calling it at 65 and spiking the ball.

Scandinavia

The Netherlands is not Scandinavia.

This channel promotes fear. I would imagine among the reasons Azul continues to crank out videos is to generate a UA-cam revenue stream, so I guess he doesn't take his own advice :-) Stop working Azul! Many of us will work into our late 60s and 70s for a whole range of reasons. Where ever you are at you can be happy and enjoy your time. If you are working, you still have free time, and more funds to enjoy that free time. I personally have never had a goal of not working. There are certainly days, and more of them, where I'd like less stress. Having no paycheck would be stressful. Less ability to help my young adult children and other members of my extended family would be stressful. I definitely agree with "screw fear", including the fear of not retiring. I get the concept of the "the youth of our senior years", and hopefully we've enjoyed our actual youth and middle age too... and will enjoy the senior years of our senior years. That's my plan.

I retired at 59. Best decision I ever made.

Philliphine families are a true example how they look after their family and elders. We get to the Chinese - it is expected that you put a percentage of your earnings into the Chinese community pit to then fund a childs teeth work, music gear, their first car etc. Common for the children to treat their elders like crap.

I have many Chinese friends. Never had heard the 10:1 rule.

Die with Zero & From Strength to Strength aren't for average people. First one is for people who are leaving behind too much money when they die, the guy who wrote is worth $100m+. Strength to strength is for people who feel empty after having a successful career, written by a Harvard professor.

All you had to do as a boomer was don't get a steady job so you didn't pay into Social Security as much as you could have and so you don't get much when you retire and then get divorced a couple times and when it's time to retire you're screwed. They sure knew how to party though.

We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy

Boomers had a life time of good jobs , lots of work , and very reasonable priced housing , even with some management skill , they should not be in trouble ?

@Azul check your accounting practices. Taxes are an expense. The ordinary income earner typically pays more than a 10% tax.

I select retired in my forties. Best decision I ever made. Now I recently at 56 got my advisory license here in Singapore. Best thing I ever did. Educating myself and others. Thanks for the vid. Keep trucking folks.

@Azul check your math The ratio of numbers A and B can be expressed as: the ratio of A to B A:B A is to B (when followed by "as C is to D "; see below) a fraction with A as numerator and B as denominator that represents the quotient (i.e., A divided by B, or A B A/B This can be expressed as a simple or a decimal fraction, or as a percentage, etc.

Multigenerational living arrangements only work for nationalities that have always lived this way, like Indians from India mostly. But in our modern North American society, such living arrangements are a recipe for disaster. My wife and I crave our privacy, no way in hell I am going to have my mother moving in with us on a permanent basis, that will definitely lead to our divorcing. My wife detests my mother, and for the most part, she is right to feel this way. 👎 to multigenerational living arrangements.

Scandinavian would be sweet!

The whole world doesn’t revolve around the US folks

Graveyard shift workers never live too long

SCANDINAVIAN COUNTRIES

The companies in the SP500 have international presence, and that’s understated with individuals discussing diversifying portfolio. The problem w international companies is they do not follow accounting principles and it’s more difficult to recognize fraudulent accounting w foreign companies. Even w American companies, it’s hard to discover fraud… enron… took many years

My wife is native Chinese, and we've been married nearly two decades. The Chinese are savers, but not investors. There is significant distrust of any institution, and a distrust of the economy, which is why these numbers are so extreme. There is great caution toward money because of past instability. Their real estate is also a part of this, as you typically pay for a property (in total) before it is even built... this is creating a different set of problems (search for 'tofu dreg'). My wife's mother would confiscate any red envelopes she received, and used that money to give to the neighbor's kids. You have to first subtract nearly all western financial ideas, including stable banks, in order to understand that difference.

66% of the article was filler. then 3 minutes before the end he starts talking about the topic we all clicked to watch.

Scandanavian

Need to retire mid 40s to early 50s. No guarantee ur health will stand up at 60+ so u must develop a passive income plan as quickly as possible

$1M. gives you around $50K net per year income conservatively invested in the market.

Scandinavian

I paid cash for my son's college education so he would not be burdened with college debt. To this day, it is helping him....

Good basic information. I like t h e part about paying off the house in your fifties. Thank you