I think that it is great how you were able to retire at 58!! However, i believe that there is more to the story. From 58 to 65 is 7 years. Without getting personal, how was this possible? I was let go from a job that I had a few years back and had to purchase CORBA insurance at the toon of $1,800.00 a month for me and my wife. We were able to do a little better on the open market ($1,200.00 a month), but that is still a lot of money. What I got for unemployment paid for our medical. Thank God that my wife was working or we would have been in a world of trouble. So there are a lot of comments online about people retiring early, but again what is the rest of the story? Did people win a lottery? Did someone leave them money? Were they excellent savers? Did they do well with stocks? The idea of retiring early with not being able to share the story gives false hopes to people. It is like they did everything wrong and this is why they are working until at least 65. The 7 years between 58 and 65 would cost somewhere around $100,800 out of pocket just for health insurance coverage until Medicare kicked in. Money that most people don’t have to begin with.
I retired a few years ago at 57 and I’ve had the best time since! Finally got to live my dream of being a composer. Totally absorbing with never-ending learning ahead. Boredom has not been an issue! So many things I want to do. Getting into amateur photography. And after all those years of buying cookery books - but not doing any cooking! - I’m getting my cookery skills together, and love cooking for my family. So don’t fear it, find a way to afford it. Cut back where you have to, but focus on what interests you and what brings you joy. So much more I still want to do. As someone said to me recently, he doesn’t know how he ever had time for work, he’s so busy in retirement!
I’m 55 and spend one hour in the gym in the morning, swim 20 minutes in afternoon and run or ride my bicycle on weekends. I’m more active than in my 20s.
Recently retired at 70 after a 49 year medical career. Best thing one can do is to start good habits despite ignoring them in the past. Never too late to start a light exercise routine. Learn a musical instrument, that will stimulate parts of your brain that are dormant. Learn to play Bridge or a good card game (mahjong is good too) to stimulate the brain. Keep reading. Nutrition wise most elderly don't get enough protein and eat too many carbs and fats. I can go on and on, but I'll stop here.
Agree 100%. Bought my wife a kindle, then she got me one for Christmas, which has revitalized our somewhat dormant reading habit. At 58, I’m determined to keep the habit, along with studying a foreign language. Thanks for the tips Doc!
Recently retired at 54 years old. Left corporate America and the ridiculous stress and false sense of urgency that comes with it behind. Haven’t been this stress free since I was a kid. So many hobbies/interests/business ideas that I don’t know how I ever had time to work! It can be done. My simple mantra is “spend less that you make and invest the difference.” Thanks for the great life advice as always Azul! Also thanks specifically for recommending the book “From Strength to Strength”. Anyone thinking about retiring should read it.
Yes, thanks for sharing. A older friend of mine stopped me in mid sentence and asked, do you have your health ? Yes John. Then, you have just about everything.
Living happier should be the goal instead of living longer because no one would want a longer miserable life and no one can absolutely control his/her lifespan.
Just listened to a book "Retire with Zero" by William Perkins. Gave a lot of insights about retirement, and spending your retirement now but leaving enough for your later years. Highly recommend this book.
the book that changed my approach to money is The Gilded Nexus of Prosperity all recommendations... It's completely different from anything I've read so far
I’ve been thinking a lot about how to spend the first 10 years after retirement. It feels like a big opportunity to explore hobbies, travel, and maybe even start a small side hustle. What do you all think?
Absolutely! I think the first decade is key. It’s when you’re likely healthiest, so it’s perfect for those bucket list travels and big adventures. I’d also recommend focusing on staying active and learning something new-it keeps your mind sharp
Good points. I’ve also been researching financial planning for that time. It’s easy to overspend early on if you’re not careful. Setting a clear budget for travel, hobbies, and day-to-day expenses is so important.
That’s where working with a financial advisor really helps. I’ve been consulting with Joseph Nick Cahill, and he’s been fantastic. He helped me design a plan that balances enjoying retirement with ensuring my money lasts. He even factored in some unexpected scenarios like healthcare costs. I can’t recommend him enough.
Oh, I’ve heard of Joseph Nick Cahill! A friend of mine worked with him and said he was instrumental in creating a retirement strategy that allowed her to travel while still preserving her savings.
Yes, you touched on fixing broken relationships. But broken relationships are often broken because of a reason. You must really take stock of if it was something that you had done and need to make amends for or if it’s broken because the other person is a negative in your life. The RIGHT relationships are very important to your life, and moving on from negative relationships is important for your life.
Well said. I completely agree. The RIGHT relationships are precious. The wrong ones, unfortunately, are poisonous. Thanks for watching and for taking the time to comment. 🙏Azul
Just turned 54! My kids are 31 and 26, I spent a lot of time with them! I gave up my dreams of going to Hollywood to be an actor! I am so happy it turned out the way it did!! They both when on to college I was at teachers meeting ever sports game and when they need help I was there! Now I am trying to re look at my dreams of acting but most of All I am so into my health
I’m 72 years old and had a good corporate career but always had a fear of public speaking mainly because I have a hearing loss which has been improved with digital hearing aids later in life, wish I would have taken public speaking or leadership courses….
How do you address healthcare when retiring before 65? Paying for this myself for 3 people ( my son is 14) is daunting. There’s not much assistance from the state of NY as well given my take home pay. It’s not huge, but the premiums are.
I'm 55 years old with not enough set aside for retirement at this point. I have always been curious about the market and have witnessed people who played the game right and retired early. Some claimed they started very small, but their portfolio grew over time. I do have a significant amount but I’m unsure about which strategies or approach to take in order to achieve good returns. I'm open-minded and would appreciate any help or guidance
Listen to Azul, read Barrons, and ask some people you respect if they have a financial advisor they really like. Do not take a financial advisor recommendation from someone who posts a comment on UA-cam comments sections. They are not legit.
@@patpeifer7871 Appreciate the advice! It's unfortunate how rare it is to find a reliable advisor these days. I'm already working with one, and I’m really enjoying the journey so far. Robert Carlos Wright, and his office is located in Flint, Michigan. I even had my nephew stop by to check it out.
patpeifer7871 Thanks so much for the advice! It's tough to find a trustworthy advisor these days, so I really appreciate it. I'm already working with one and I'm enjoying the process. His name is Robert Carlos Wright, and his office is in Flint, Michigan. I even had my nephew stop by to check him out
in my humble opinion "retirement" is an obsolete concept. I am 62, live in Asia, love to do new projects, with interesting people, in great places ... sometimes work a lot, sometimes less. Relationships, living healthy, all what you say can be done whether travel or do whatever or do what others may call work (with a connotation that may be burden) ... but to everyone their own
I completely agree with your philosophy. I believe we humans were created and wired to work, and I hope to "shift" instead of "retire" in my 50s to something that is less stressful but still productive and fulfilling.
Most Asians can't retire due to the lack of social safety net, the children are the safety net and half of the time; things don't work out as planned. I'm Vietnamese by birth but lived in the US most of my adult life, things are much simpler here and I found my quality of life and health significantly improved. I had lived in Japan, Korea, Germany, Italy in my 30 years military career; first world does not equal first quality of life.
@@danpeets1746 well said. I recently “retired” in my 50s from my job but not retired from life. More of a shift as you put it. It’s important to continue to be productive, engaged in worthwhile pursuits, and fulfilled. Retiring so you can sit around and do nothing is terrible and unhealthy.
My last 5 years before retirement I religiously left work before noon, walked to Bryant Park to join a juggling club, then walked back and had lunch at my desk. If a meeting was running late and threatened to overlap my lunch hour and I wasn't contributing to it, I'd politely leave to go juggling. That was the best job I'd ever had and I loved it, but the most difficult thing to replace once I retired, was lunch juggling.
42 years old this year. Mid-life opportunity hit me over the past 5+ years. I’m taking the leap and leaving a 22 year long career, frugal our whole lives, no debt, started a 401k at 21. My desk job has been bothering me for years, the inactivity for long stretches of time, and really just not finding the work fulfilling anymore. So I’m leaving it, of course with some fears, but also super excited for moving towards opportunities that fit me better and will be better for my health. So if I’m editing this post in a year saying “what the heck was I thinking” I guess I’ll know if taking the road less traveled was a good idea for me 😂
Good luck with the new adventure Megan. It takes courage to make a change like this after 22 years. Thanks for watching and sharing about your midlife opportunity. 🙏 Azul
Would of liked to buy more gold when I was younger. Being grateful and thankful for what you have helps one to take care of and do the maintenance for what we are thankful and grateful for.
Since retirement (3 months ago) I am doing something I have struggled with this most all of my life. Being present. I am trying and getting better at not getting easily distracted and really listening to conversations.
I enjoy your videos all the time. Valuable information.. I do try and look forward not back. I can't change what's already happened so all I can do is try my best going forward.. Yes there were mistakes for sure. I'll just try and learn from them..
The problem we all underestimate is how much stress we are under. Cortisol, which is realeased when we are under stress, causes all kinds of other problems that make focusing on health maintenance difficult. I tend to think you really have to leave work OR take a hobby job, to focus on your health.
I think playing outside everyday should be a habit as we work. Spend less time commuting or commute with a bike for example. Less time on Netflix and more time in the gym…
I completely agree. My health has declined the last few years due to stress. I am seriously considering retiring in another 18 months when I’m 63, instead of 65 like I had originally planned.
I am glad we bought the motorcycles last year. A UBI study found that people with ubi ended up with less assets after 2 years. The people that got just 50$ extra dollars a month had more assets after 2 year then those that got ubi and control group that go no extra money.
I run a small service business here on Cape Cod and the retirees I work for are one of two types: they either love retirement and can’t remember how they ever had time to work, or they’re sitting around doing nothing and stressing about every little thing. Seems to me that the retirement model isn’t for everyone. How about a video on the importance of post retirement “jobs”, even if they are just to stay involved and active?
I’ve been advising my cousin to retire for years, but he wants to stuff more into his pension. Now he’s been diagnosed with Parkinson’s disease. He’s type 2 as well. Not a great outlook
I greatly respect your advice, but I retired at 65 during the Covid pandemic, and now I'm struggling to find a sense of purpose in my retirement. I have plenty of money and my wife and I will do some bucket-list tourist travel, but in-between trips I'm bored. I don't want to go back to full-time work, but I don't want to just sit around the house all day.
Ask yourself what you, yes you, want to do that makes you happy. I don't think whatever you find would put your wife off. I have a hard time believing she wants a bored husband because that would be a lot of negativity going around the house. And that is a spiraling trend downwards into the abyss. Happy together takes a lot patience from both parts. If you've been married "for a while" you probably know each other well and can communicate. Do what you want to do whether you get paid or not. I've been thinking about this. What gives one purpose and or meaning if there's a distinction between them. That's in the core of each individual to find out for themselves. That is definitively the hardest part. Wish you the best.
Well presented ! Yet, for many smart people the anxiety of running out of money because of the unforeseen is real. Trying to earn, save invest for ever or at least for a long time, until we can’t move anymore as we used to. Then we realize, darn, I wish I would have stopped earlier and started early enjoy some quality time.
I've come to the conclusion it's not worth wishing you could go back and change something bad or a mistake you made because if you did you might cease to exist you don't know what might have happened next after you changed your life
I’ll be 50 years old this year and have zero for retirement when we talk about money anyways. I’ve been working my retirement plan while simultaneously working my full-time healthcare job. I’m at a crossroads as to how to fund my retirement at this age when 98% of my day job check goes into just surviving
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
'Carol Vivian Constable is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I don't get it! Why should you retire? Because that's the goal? I've never liked the FIRE "movement". Living frugal and then retire early, meaning stop working for money. What's wrong with working for money? I do understand that not all of us is happy where they are. But does retire early really help. You probably still would be in the wrong place. I'm just discovered that I can retire if I want to at 61 and last year was more or less working halftime. So what does "retirement" look like for me? I'll probably keep going for two or three more years and during this time I'll transition into something new. We should reflect upon what retirement is. But it doesn't necessarily mean stop working for money. First and foremost it means that you do what you want do whether you get paid or not. Just what you said about Warren Buffet, don't we all wan't a healthy life as long as possible. The questions to Warren should be as follows I think. Have you lived the life that you wanted for yourself? Do you live the life that you want to? That may sound a "tad" egoistic. But when you are in the right spot there is high probability that your mindset changes and you will start supporting people and the community around you.
Some people get bored because they haven't done anything outside of work for decades and/or they have no interests or goals outside of work. I didn't retire early, retired 7 days before my 65th birthday, but I was not as disciplined as I could have been to prepare myself financially to retire. I'm still not 100% ready, but I will be okay. I know that you say retiring at 65 is a bad idea, but it's better than retiring at 67 or 70 which was my plan before covid.
well.. no body knows future, may end up who knows where or how long you have, or your health or million other things.. true, the world throws many into long term suffering.. 😳
We started with nothing. My husband is 74 and still works full time. He loves his job and is paid well. We have legacy money for the generations to come. We are healthy and happy.
i did not get 10 years of my life back. I did retire early, but this video did not give me back 10 years of my life. It's a recapitulation of other people's regrets announced by a nice man with stubble.
On a 3 week cruise to the Amazon right now, but I miss my RC planes and dog. No problems after a very long career in Medicine. I’m 73 and retired 6 years ago. I’m very busy with travel and holidays.
You should have been smarter about everything, yep that is some good insight. If you struggled all of your life because you weren't born with wealth and you've had a few major setbacks your tolerance for risk goes way way down. That carrot on the stick is made of plastic, but that stick is very real.
I’m 48, I will be retiring at 54, 6 more years. I’ve been working since I was 12. It’s all about making good decisions consistently and luck does have a small part in things.
@@tewksburydriver8624 same for me. cutting grass, delivering newspapers, washing cars, ... started at 12/13 also. Currently 52, hoping to retire or downshift by 55
Yes that was a slightly uncomfortable feeling not having work income when I first retired. Even though my retirement is pretty well funded. As for the health aspect my job required long hours on my feet and a good amount of stress. I’m definitely paying for it now. I would do it again though. Nice not having to worry about money and being able to help family.
Look, not everyone is healthy, and it isn't even always their fault or under their control. Doesn't mean you can't have a fulfilling and even enjoyable life. I wish people wouldn't act like it is all over the minute you get a bad diagnosis. Health is NOT the only thing.
for me , I see the biggest issue that at delays people from retiring is the high cost of insurance after leaving their job. if there was universal healthcare, many more people would retire early.
*Happy new year 🎊 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*
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Thanks for this great opportunity I really appreciate, meanwhile 2024 was one of my best years, last year brought my household a miracle of $20,000 every month, God has been more faithful to us Now I can afford anything and also support my businesses not worry much about the future even after retiring
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated!
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.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
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?
Retiring at 58 was an excellent decision for me. I am still functioning well at 81 eagerly anticipating tomorrow.
Cap
I think that it is great how you were able to retire at 58!! However, i believe that there is more to the story. From 58 to 65 is 7 years. Without getting personal, how was this possible? I was let go from a job that I had a few years back and had to purchase CORBA insurance at the toon of $1,800.00 a month for me and my wife. We were able to do a little better on the open market ($1,200.00 a month), but that is still a lot of money. What I got for unemployment paid for our medical. Thank God that my wife was working or we would have been in a world of trouble. So there are a lot of comments online about people retiring early, but again what is the rest of the story? Did people win a lottery? Did someone leave them money? Were they excellent savers? Did they do well with stocks? The idea of retiring early with not being able to share the story gives false hopes to people. It is like they did everything wrong and this is why they are working until at least 65. The 7 years between 58 and 65 would cost somewhere around $100,800 out of pocket just for health insurance coverage until Medicare kicked in. Money that most people don’t have to begin with.
Congratulations! Awesome!
Wife won’t allow me to retire. besides I don’t have a mil to retire. Lol😂
@@jayg6434 Yup, I understand. I was lucky enough to have a pension.
I retired a few years ago at 57 and I’ve had the best time since! Finally got to live my dream of being a composer. Totally absorbing with never-ending learning ahead. Boredom has not been an issue! So many things I want to do. Getting into amateur photography. And after all those years of buying cookery books - but not doing any cooking! - I’m getting my cookery skills together, and love cooking for my family.
So don’t fear it, find a way to afford it. Cut back where you have to, but focus on what interests you and what brings you joy. So much more I still want to do. As someone said to me recently, he doesn’t know how he ever had time for work, he’s so busy in retirement!
I’m 55 and spend one hour in the gym in the morning, swim 20 minutes in afternoon and run or ride my bicycle on weekends. I’m more active than in my 20s.
Recently retired at 70 after a 49 year medical career. Best thing one can do is to start good habits despite ignoring them in the past. Never too late to start a light exercise routine. Learn a musical instrument, that will stimulate parts of your brain that are dormant. Learn to play Bridge or a good card game (mahjong is good too) to stimulate the brain. Keep reading. Nutrition wise most elderly don't get enough protein and eat too many carbs and fats. I can go on and on, but I'll stop here.
Good advices. But if you have no purpose in your life, nothing will help you.
Agree 100%. Bought my wife a kindle, then she got me one for Christmas, which has revitalized our somewhat dormant reading habit. At 58, I’m determined to keep the habit, along with studying a foreign language. Thanks for the tips Doc!
2:00 Health > Wealth
4:30 Nurture/repair relationships
6:00 Ignore the Joneses
7:00 Invest wisely and with a plan for retirement
yup same old stuff, the investing one I always hate. You gotta have money to make money.
Just retired last month at 56, NEVER looking back.
I’m with you. Recently retired at 54 and like you said not looking back!
I retired at 56 and will turn 70 next month. So blessed to have had the freedom that retirement brings. I hope you enjoy 😊
Thanks for your great vids!
Recently retired at 54 years old. Left corporate America and the ridiculous stress and false sense of urgency that comes with it behind. Haven’t been this stress free since I was a kid. So many hobbies/interests/business ideas that I don’t know how I ever had time to work! It can be done. My simple mantra is “spend less that you make and invest the difference.” Thanks for the great life advice as always Azul! Also thanks specifically for recommending the book “From Strength to Strength”. Anyone thinking about retiring should read it.
Healthcare in the U.S. is why a lot of people retire at 65.
Remember what grandma used to say “if you have your health- you have everything!”
Yes, thanks for sharing. A older friend of mine stopped me in mid sentence and asked, do you have your health ? Yes John. Then, you have just about everything.
Living happier should be the goal instead of living longer because no one would want a longer miserable life and no one can absolutely control his/her lifespan.
Just listened to a book "Retire with Zero" by William Perkins. Gave a lot of insights about retirement, and spending your retirement now but leaving enough for your later years. Highly recommend this book.
Probably Die With Zero, but yes.
@@BittermanAndyyeah, that makes much more sense 😅
the book that changed my approach to money is The Gilded Nexus of Prosperity all recommendations... It's completely different from anything I've read so far
I used some techniques from that book to make money, and I can truly say I'm earning more now
I'll buy you dinner for this recommendation
I’ve been thinking a lot about how to spend the first 10 years after retirement. It feels like a big opportunity to explore hobbies, travel, and maybe even start a small side hustle. What do you all think?
Absolutely! I think the first decade is key. It’s when you’re likely healthiest, so it’s perfect for those bucket list travels and big adventures. I’d also recommend focusing on staying active and learning something new-it keeps your mind sharp
Good points. I’ve also been researching financial planning for that time. It’s easy to overspend early on if you’re not careful. Setting a clear budget for travel, hobbies, and day-to-day expenses is so important.
That’s where working with a financial advisor really helps. I’ve been consulting with Joseph Nick Cahill, and he’s been fantastic. He helped me design a plan that balances enjoying retirement with ensuring my money lasts. He even factored in some unexpected scenarios like healthcare costs. I can’t recommend him enough.
Oh, I’ve heard of Joseph Nick Cahill! A friend of mine worked with him and said he was instrumental in creating a retirement strategy that allowed her to travel while still preserving her savings.
You can Google his full name
If anyone is interested to get information about him online
Turning 55 and my daughter just turned 13 and my twin boys will be 7 soon. I’m not retiring ANY time soon! 😅
LOVE that you walk in your videos! I've seen some beautiful things!!! Thanks for the wisdom as well.
I got out at 48 and never looked back.
Yes, you touched on fixing broken relationships. But broken relationships are often broken because of a reason. You must really take stock of if it was something that you had done and need to make amends for or if it’s broken because the other person is a negative in your life. The RIGHT relationships are very important to your life, and moving on from negative relationships is important for your life.
Well said. I completely agree. The RIGHT relationships are precious. The wrong ones, unfortunately, are poisonous. Thanks for watching and for taking the time to comment. 🙏Azul
Just turned 54! My kids are 31 and 26, I spent a lot of time with them! I gave up my dreams of going to Hollywood to be an actor! I am so happy it turned out the way it did!! They both when on to college I was at teachers meeting ever sports game and when they need help I was there! Now I am trying to re look at my dreams of acting but most of All I am so into my health
I’m 72 years old and had a good corporate career but always had a fear of public speaking mainly because I have a hearing loss which has been improved with digital hearing aids later in life, wish I would have taken public speaking or leadership courses….
How do you address healthcare when retiring before 65? Paying for this myself for 3 people ( my son is 14) is daunting. There’s not much assistance from the state of NY as well given my take home pay. It’s not huge, but the premiums are.
I'm 55 years old with not enough set aside for retirement at this point. I have always been curious about the market and have witnessed people who played the game right and retired early. Some claimed they started very small, but their portfolio grew over time. I do have a significant amount but I’m unsure about which strategies or approach to take in order to achieve good returns. I'm open-minded and would appreciate any help or guidance
Listen to Azul, read Barrons, and ask some people you respect if they have a financial advisor they really like. Do not take a financial advisor recommendation from someone who posts a comment on UA-cam comments sections. They are not legit.
SCAMMER
@@patpeifer7871 Appreciate the advice! It's unfortunate how rare it is to find a reliable advisor these days.
I'm already working with one, and I’m really enjoying the journey so far. Robert Carlos Wright, and his office is located in Flint, Michigan. I even had my nephew stop by to check it out.
patpeifer7871 Thanks so much for the advice! It's tough to find a trustworthy advisor these days, so I really appreciate it. I'm already working with one and I'm enjoying the process. His name is Robert Carlos Wright, and his office is in Flint, Michigan. I even had my nephew stop by to check him out
in my humble opinion "retirement" is an obsolete concept. I am 62, live in Asia, love to do new projects, with interesting people, in great places ... sometimes work a lot, sometimes less. Relationships, living healthy, all what you say can be done whether travel or do whatever or do what others may call work (with a connotation that may be burden) ... but to everyone their own
I completely agree with your philosophy. I believe we humans were created and wired to work, and I hope to "shift" instead of "retire" in my 50s to something that is less stressful but still productive and fulfilling.
Most Asians can't retire due to the lack of social safety net, the children are the safety net and half of the time; things don't work out as planned. I'm Vietnamese by birth but lived in the US most of my adult life, things are much simpler here and I found my quality of life and health significantly improved. I had lived in Japan, Korea, Germany, Italy in my 30 years military career; first world does not equal first quality of life.
@@danpeets1746 well said. I recently “retired” in my 50s from my job but not retired from life. More of a shift as you put it. It’s important to continue to be productive, engaged in worthwhile pursuits, and fulfilled. Retiring so you can sit around and do nothing is terrible and unhealthy.
My last 5 years before retirement I religiously left work before noon, walked to Bryant Park to join a juggling club, then walked back and had lunch at my desk. If a meeting was running late and threatened to overlap my lunch hour and I wasn't contributing to it, I'd politely leave to go juggling.
That was the best job I'd ever had and I loved it, but the most difficult thing to replace once I retired, was lunch juggling.
Azul is so soothing.
I'm 59, and really want to retire, but I never financially planned for it. Always lived for the day but never had anything saved up.
Very good advice. Always spot on.
42 years old this year. Mid-life opportunity hit me over the past 5+ years. I’m taking the leap and leaving a 22 year long career, frugal our whole lives, no debt, started a 401k at 21. My desk job has been bothering me for years, the inactivity for long stretches of time, and really just not finding the work fulfilling anymore. So I’m leaving it, of course with some fears, but also super excited for moving towards opportunities that fit me better and will be better for my health. So if I’m editing this post in a year saying “what the heck was I thinking” I guess I’ll know if taking the road less traveled was a good idea for me 😂
Good luck with the new adventure Megan. It takes courage to make a change like this after 22 years. Thanks for watching and sharing about your midlife opportunity. 🙏 Azul
@ thank you! I appreciate the content you put out there!
Would of liked to buy more gold when I was younger. Being grateful and thankful for what you have helps one to take care of and do the maintenance for what we are thankful and grateful for.
Im prepping for retirement, please do not stop making videos. This video hit me hard.
Since retirement (3 months ago) I am doing something I have struggled with this most all of my life. Being present. I am trying and getting better at not getting easily distracted and really listening to conversations.
You are doing something most people miss their entire lifetime. Kudos.
Now you get to find out who you are and ask the deeper questions.
I enjoy your videos all the time. Valuable information.. I do try and look forward not back. I can't change what's already happened so all I can do is try my best going forward.. Yes there were mistakes for sure. I'll just try and learn from them..
The problem we all underestimate is how much stress we are under. Cortisol, which is realeased when we are under stress, causes all kinds of other problems that make focusing on health maintenance difficult. I tend to think you really have to leave work OR take a hobby job, to focus on your health.
I think playing outside everyday should be a habit as we work. Spend less time commuting or commute with a bike for example. Less time on Netflix and more time in the gym…
I completely agree. My health has declined the last few years due to stress. I am seriously considering retiring in another 18 months when I’m 63, instead of 65 like I had originally planned.
I am glad we bought the motorcycles last year. A UBI study found that people with ubi ended up with less assets after 2 years. The people that got just 50$ extra dollars a month had more assets after 2 year then those that got ubi and control group that go no extra money.
I run a small service business here on Cape Cod and the retirees I work for are one of two types: they either love retirement and can’t remember how they ever had time to work, or they’re sitting around doing nothing and stressing about every little thing. Seems to me that the retirement model isn’t for everyone. How about a video on the importance of post retirement “jobs”, even if they are just to stay involved and active?
Just left Cape Cod. Beautiful place but a better vacation spot for us.
Great idea. How about it Azul?
I am pre retired. I work for myself from home. I'm about to start my daily exercise of at least an hour,90 minutes if I'm feelin it.
Totally agree about early retire. In the 60,s every year counts for 3😂
Share with us your personal situation wd b nice
Metabolic Engineering is the ultimate science of Wellness
I’ve been advising my cousin to retire for years, but he wants to stuff more into his pension. Now he’s been diagnosed with Parkinson’s disease. He’s type 2 as well. Not a great outlook
I greatly respect your advice, but I retired at 65 during the Covid pandemic, and now I'm struggling to find a sense of purpose in my retirement. I have plenty of money and my wife and I will do some bucket-list tourist travel, but in-between trips I'm bored. I don't want to go back to full-time work, but I don't want to just sit around the house all day.
New book just came out today 01-07-25 that covers that area.
"The Purpose Code"
Volunteering, mentoring, consulting???
Ask yourself what you, yes you, want to do that makes you happy. I don't think whatever you find would put your wife off. I have a hard time believing she wants a bored husband because that would be a lot of negativity going around the house. And that is a spiraling trend downwards into the abyss. Happy together takes a lot patience from both parts. If you've been married "for a while" you probably know each other well and can communicate. Do what you want to do whether you get paid or not. I've been thinking about this. What gives one purpose and or meaning if there's a distinction between them. That's in the core of each individual to find out for themselves. That is definitively the hardest part. Wish you the best.
Volunteer
I sold my company age 45. Retired means “no employees, no customers”. It doesn’t mean I’m not making money
Well presented ! Yet, for many smart people the anxiety of running out of money because of the unforeseen is real. Trying to earn, save invest for ever or at least for a long time, until we can’t move anymore as we used to. Then we realize, darn, I wish I would have stopped earlier and started early enjoy some quality time.
Time goes by so fast how do you have time to be bored
I've come to the conclusion it's not worth wishing you could go back and change something bad or a mistake you made because if you did you might cease to exist you don't know what might have happened next after you changed your life
I'm not as worried about being bored. Im more concerned about health care options and plans.
Great advice. Thank you. What is the background? Looks like San Francisco or Puget Sound?
I'm 65 and am in good health but cannot financially retire.
Best to start living at least part of your retirement lifestyle prior to retirement
Im retiring in December, at 60 because life is short and i down size and sold things i no longer need..no credit card debt
Congrats. Enjoy. Make sure you have hobbies and things to do. I got too bored and went back to work but I know most people won’t have that problem.
Great advice. Thanks. I wish I did not sell the stocks I owned when I was young and dumb. 😀
Semi retired at 50. Saving every single seed out of my yard, so I can sell every flower, fruit, and vegetable I can for my retirement funds!!!!
☝️You have a lot of scammers in this comment section
I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love
I’ll be 50 years old this year and have zero for retirement when we talk about money anyways. I’ve been working my retirement plan while simultaneously working my full-time healthcare job. I’m at a crossroads as to how to fund my retirement at this age when 98% of my day job check goes into just surviving
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
'Carol Vivian Constable is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I don't get it! Why should you retire? Because that's the goal? I've never liked the FIRE "movement". Living frugal and then retire early, meaning stop working for money. What's wrong with working for money? I do understand that not all of us is happy where they are. But does retire early really help. You probably still would be in the wrong place. I'm just discovered that I can retire if I want to at 61 and last year was more or less working halftime. So what does "retirement" look like for me? I'll probably keep going for two or three more years and during this time I'll transition into something new. We should reflect upon what retirement is. But it doesn't necessarily mean stop working for money. First and foremost it means that you do what you want do whether you get paid or not. Just what you said about Warren Buffet, don't we all wan't a healthy life as long as possible. The questions to Warren should be as follows I think. Have you lived the life that you wanted for yourself? Do you live the life that you want to? That may sound a "tad" egoistic. But when you are in the right spot there is high probability that your mindset changes and you will start supporting people and the community around you.
Warren Buffet has eaten at McDonalds almost every morning- and still going strong.
It’s only for show but at home he is eating healthier foods like greens and beans!
That's bs news...no one survives mcd
Some people get bored because they haven't done anything outside of work for decades and/or they have no interests or goals outside of work. I didn't retire early, retired 7 days before my 65th birthday, but I was not as disciplined as I could have been to prepare myself financially to retire. I'm still not 100% ready, but I will be okay. I know that you say retiring at 65 is a bad idea, but it's better than retiring at 67 or 70 which was my plan before covid.
Retiring early sounds amazing… until you realize you’re not sure how to spend all that free time. Who else feels this dilemma?
Can’t imagine that people have no interests and don’t know what to do with their life….and they would rather go to work…omg
well.. no body knows future, may end up who knows where or how long you have, or your health or million other things.. true, the world throws many into long term suffering.. 😳
Only boring people get bored 😂 and nobody wants to be around them anyway
Warren is busy dreaming about becky quick😂
Shoulda....paid more attention to sleep hygiene. Hand in hand with should not have ever consumed caffetinated drinks.
alcohol?
@hypnotechno by all means.
The most difficult change behaviour on my part is to start spending after years of saving and investing.
We started with nothing. My husband is 74 and still works full time. He loves his job and is paid well. We have legacy money for the generations to come. We are healthy and happy.
It makes a difference if you have a partner.
i did not get 10 years of my life back. I did retire early, but this video did not give me back 10 years of my life. It's a recapitulation of other people's regrets announced by a nice man with stubble.
I wish someone would have told me when I was 50 years old - "health over wealth"
It's never too late.
That promotion comes with increased time demands... making it even more impossible to focus on health and family.
What’s a nay sayer?
On a 3 week cruise to the Amazon right now, but I miss my RC planes and dog. No problems after a very long career in Medicine. I’m 73 and retired 6 years ago. I’m very busy with travel and holidays.
You should have been smarter about everything, yep that is some good insight. If you struggled all of your life because you weren't born with wealth and you've had a few major setbacks your tolerance for risk goes way way down. That carrot on the stick is made of plastic, but that stick is very real.
And you never know what are mistake until later...
@dortek882 IKR‽
Anybody here under 50? Forget about retirement, unless you're a millionaire or daddy bought you a house
I’m 48, I will be retiring at 54, 6 more years. I’ve been working since I was 12. It’s all about making good decisions consistently and luck does have a small part in things.
@tewksburydriver8624 sorry I forgot to factor in child labor
@@ophirmayer1 … cutting grass and working for my friends father isn’t child labor. Don’t be negative and maybe you’ll get somewhere.
@@tewksburydriver8624 same for me. cutting grass, delivering newspapers, washing cars, ... started at 12/13 also. Currently 52, hoping to retire or downshift by 55
@tewksburydriver8624 who told you i didn't get nowhere? Don't assume things you don't know, you might make a foolish comment
Yes that was a slightly uncomfortable feeling not having work income when I first retired. Even though my retirement is pretty well funded. As for the health aspect my job required long hours on my feet and a good amount of stress. I’m definitely paying for it now. I would do it again though. Nice not having to worry about money and being able to help family.
I’m 74, old and broke. I gave you ten minutes; where are my ten years?
Need timestamps on your videos
Nothing i can do about the past. What can i do now
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I can't retire until I'm 70.
at 53 now.
Are there any changes that you can make
Mr. Buffett and health. He's eaten quite a bit of McDonald's.
Elon says in a few years from now you will be able to “download into a new unit”. He’s not joking.
Look, not everyone is healthy, and it isn't even always their fault or under their control. Doesn't mean you can't have a fulfilling and even enjoyable life. I wish people wouldn't act like it is all over the minute you get a bad diagnosis. Health is NOT the only thing.
I can't spare 10 mins, but no problem for 9:36.....
My Problem is I love working 😢
and spending your free time scouring Retire early videos
You seem to be burning candle from both ends, slow down Azul
Waste of 10 minutes
Warren Buffett eats Dairy Queen for lunch and snacks on See's Candy. 🤔
You can do that when you own the company majority shares 😂
He probably gets KO products for free well he definitely does with the dividends
for me , I see the biggest issue that at delays people from retiring is the high cost of insurance after leaving their job.
if there was universal healthcare, many more people would retire early.
I’m just xx
That’s the reason why the government and corporate world have contrived so you cannot retire in peace!
retire from what? keep going until Jesus calls you home. Pray Hope and dont worry+
*Happy new year 🎊 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*
wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??
It's Esther A Berg doing, she's changed my life.
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Esther A Berg.
Boomer said to save more when it takes 3 jobs just to survive lol
Thanks for this great opportunity I really appreciate, meanwhile 2024 was one of my best years, last year brought my household a miracle of $20,000 every month, God has been more faithful to us Now I can afford anything and also support my businesses not worry much about the future even after retiring
Really ? Please tell me more about this and how possible it is
This is what Melissa Jonas Richard does, she has changed my life.
After raising up to 20k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.
I know Melissa Jonas Richard, and I have also had success
I know Santa Claus. He brings me presents.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated!
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.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
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 look up her full name on my browser and found her webpage without sweat, very much appreciate this.