So much of the information you said is so off the mark its kind of insane. For starters its not even proven if there is a billionaire under the age of 40. The lie and yes blatant lie that women live longer is unknown why people keep spewing this blatant bullshit. It was never proven true and has been a blatant lie that was proven beyond false before it was even claimed. Also Trump is not a billionaire he in reality is a trillionaire. To start the company that claims he is now only worth $4 billion is lying their asses off to attempt to steal his buildings and wealth. Going off the land value not the buildings or anything else on the property just the land of Trump's main home in Florida is worth at least $3,204,000,000 because in 2023 there were 2 land sales with no property on them that sold right next next to his property and one connecting to his property and 1 was 1/3 of an acre that sold for $60,000,000 and the other was 1 acre and it sold for $180,000,000. Trump's land of just his home is 17.8 acres making it worth at least $3,204,000,000. Here is another fucking lie that Democrats keep lying about and that is his sky scrappers in New York City are each at least $100,000,000,000 to the main Trump Tower in New York City going off how much each sky scrapper in the world that is about as tall as it well its closer to $500 billion to $700 billion because that main tower is actually the 3rd to 2nd tallest building in New York City and within the top 25 tallest buildings in the entire world and one of the only 46 buildings out of the 83 built that are taller than The Great Pyramid of Giza and that is just the property and none of the wealth inside the property. Trump actually owns his own private military. North Star Security which is the single largest and most powerful private army in the world and it actually owns 5 of the 57 aircraft carriers that exist and it has a full Navy, full army, and full air force and even has satellites of its own. Trump also owns the company that deals with developing communication systems for military, ambulance, fire department, police, and all emergency systems around the world. To call Trump a billionaire is a blatant lie for to give a more closer ranking of how much he is worth its closer to $300 trillionaire. All the buildings, land, wealth items, big fucking boats, ships bigger than you can realize, air crafts, military bases, the fact that Trump's home has the only useable Imperial Palace Grade Ball Room and the only 2 others in the world that exist is the place that the Chinese government uses for its votes but does not get used for anything else and has no parties at all and is only used by the Chinese government only, the only other one is owned by the Prince of Saudi Arabia to store his vehicles and has not had any parties in it for about 700 years. The last Imperial Palace Grade Ball Room ever used burned to the ground over 300 years ago and was owned by the Royal family of England and was connected to Buckingham Palace. Yea having that item is a huge wealth increase because the only other 2 that exist are valued at $2 to $15 trillion and they are not even in use yet Trump's is. Having a usable one increases them insanely much especially because none has not had the ability to be in use for hundreds of years and its why its kind of nearly constantly in use and contracts of use have been well requested of Trump to allow it to be used for leaders become the leaders of their countries, mega corporation parties, hell the place has a contract with the Christian religion to have the pope has his inauguration party for the next 700 to 800 years at that ball room. Yea so if you want to rent that ball room there is a near solid wait of over 200 years. Having a ballroom like that is legit worth over $100 trillion. Yea Trump is not billionaire poor he is hundreds of trillionaires rich. There are more people that are trillionaires than you might ever realize. The wage disparity is even realer than people realize and screwed up reality its because of the old extreme rich who still control the world and keep making the lives of everyone else suffer because of their super greed. When the baby boomers die off then its when people can well begin to repair the unholy damage caused by the baby boomers rich and poor. The baby boomer generation has in fact destroyed the world economically. They stole the wealth of all other generations and in such amounts that no one can survive. When they die off the world will start to recover the problem is they make up over 6 billion of the 8 billion people on the planet. Less than 2 billion people alive of a all non baby boomer generations which includes the older than baby boomer generations and the younger than baby boomer generations.
I guess it's partly because of the psychological reasons: -They genuinely enjoy what they doing. -They've built too much of their sense of self into what they do for a living. -They need to feel alive somehow and their work helps them feel alive. -They don't trust anyone else to run their 'baby'
I bet the last one is a big one if its something they built on their own. Like, if you just did good buying into restaurant franchises, its probably not that big of a deal, but i can see zuckerberg not wanting to give up facebook
-ego and the joy of having power over people. -they ignored their children all their lives and now their kids want nothing to do with them. -When they retire, they will realize they have no real friendships outside of work colleagues who only talk to them because of self-interest. The Greatest and Silent Generations retired as soon as they hit 75. They put more into their families and communiities and were happy to enjoy life
You cant patholgize it as "addiction" anymore than you can say that about people that continue to work after winning the lottery. An important attribute of an addiction is that it causes damage to ones well being. And who wants to give up something they are good at? No one! Most people stop doing what they are good at do so because they cant do it anymore or they become bored
I initially planned to retire at 62, working part-time while saving money. But high price increases have disrupted my plan. I wonder if those who experienced the 2008 financial crisis had it easier than my current situation. The declining stock market has lowered my income, and I'm worried that my reduced contributions will leave me with insufficient retirement savings.
I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Rebecca Nassar Dunne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
The day you retire is the day you start to lose importance, status and connections. If you lived your life with those benefits its hard to live without them. People stop answering your calls immediately etc.
@@Justyouraverageguy172 Not true... Go look at most old folk.. their friends have passed away.. their families are busy raising their own children. They face a lot of loneliness. On the contrary a working senior.. has work friends and people who HAVE to speak and interact with them. Which forces them to be busy and not lonely.
They often work in spending 5% of their net worth as a charity to look good. As much as Gates is an asshole, his charity actually does a significant amount of good in the world. He screwed taking money from shady people (Epstein was also trying to whitewash his horribleness, though he was far worse than gates) but overall, it keeps them busy and they aim to look good in the long term.
Loneliness is a state of mind and emotion of feeling isolated. Just because you are surrounded by people means you won't feel lonely. The lack of personal deep connections is what causes loneliness. Only when you have something that gulfills you and makes you feel content is when you won't feel lonely even if you are physically alone. Of course finding what gives you such fulfillment is another thing you will have to do in your own way.
Basically proves that the people that control our lives fundamentally don't think that life is worth living. From top to bottom, they want a society obsessed with work, where family and friends are a blip in our increasingly short lives.
This is a good point, although kinda inevitable. Those who think work is life are most likely to rise up the ladder and make laws which the living majority don't actually want from their lives.
Wow you nailed it. I hadn't even thought of that because I always assumed that they were still spending money on a worthwhile life....but they're really just decorating a prison and expecting everyone else to want the same.
@@Justyouraverageguy172 That isn't just for money but for anything or anyone that stand in the way of God such that you reject Jesus in order to maintain approval among people. Jesus said those words after Peter scolded him for talking about his own death (Peter valued earthly life to the point of essentially telling Jesus not to save humanity...though he didn't know that's what he was asking for). If you look at the full context, Jesus concludes, "For whoever is ashamed of me and of my words in this adulterous and sinful generation, of him will the Son of Man also be ashamed when he comes in the glory of his Father with the holy angels." Rich or poor, Jesus asks that we shun the obsessions and honors of this life, even life itself in order to gain eternal life.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
My CFA ’’ Sharon Ann Meny a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
You dont have to be rich or a billionaire to feel that. Theres homeless people that feel like that, theres working and middle class people that already feel like that. The philosophical ideas like nihilism and existentialism came about because regular everyday people felt this way. One of the most common things i get asked when a when religious or spiritual person finds out that im atheist is, "so what do you believe we are here for". See, most people never really think about this to begin with and or they gloss over it with "gods plan". But if someone gets introduced to these types of ideas, it often causes a depression
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I personally know a billionaire as a friend. They like to keep busy because if they retire, their mental activity goes down and they become insanely bored. Maslow's hierarchy also plays a part. They feel like they can make a difference. They also don't overwork as stated in the video. They are more relaxed than the bottom workers. Just as much time dedicated yet less intensive.
It is like that with so many older people. They wont leave so others can move up even when they are failing at work. Work is their life and it is all they have. Alot of cases they have no power or purpose in real life and work is a safe haven.
And seriously at this age how much tiring work or productive work are they doing? They just assign all the work to someone else and demand to be presented with the findings and then pretend to be the all-knowing boss that makes the best decisions than no one else in similar position would not be able to do.
I think most older people keep working because they have to.... The percentage of people with almost nothing saved for retirement is really depressing...
Being a CEO seems like playing a 4X game like Stellaris. Make decisions and watch the numbers go up. I can see why some wont retire when they are already playing their favorite game, with lots of power as a bonus.
@@kandaimai9944 I guess thats why many rich people start side businesses, to start a new run. Maybe thats what Trump is doing, he got bored of playing megacorps and wanted to try a dictatorial playthrough.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
They're not exactly doing back breaking work. They just tell people to move digital numbers for them. And its kind of the problem with the whole "you'll never retire" thing. Sure working white collar jobs in your 60s, 70s or even 80s is feasable. But you can't be a carpenter or ironworker or mechanic etc in your 70s. Certainly not full time. Its quite literally physically impossible. Pretty sad to see the people who work the hardest doomed to poverty.
@@vonb2792 Except not everyone can be a manager. There's like 1 foreman for ~~20 workers usually. Also not everyone wants to be one. Some of most skilled co-workers i ever had absolutely loved their job and had no desire of dealing with other people's crap or paperwork. Not like i'm saying that for myself, i'm an electromechanic who always loved the more technological side of my job more than the mechanical one so if i ever can't do my job i'll quite happily just learn to code or to draw technical plans. I just don't care to atm cause sitting in front of a computer all day is boring and seem like a great way to become a blob.
It really depends man. Not every job is at the same level as working an oil rig. Working at Walmart sucks, but you'd be delusional to think it is harder than being the CEO of a large company. The reason why CEOs or other ultra-rich don't quit is that they are pathologically driven to work. It's in their DNA. They are ultra competitive and highly disagreeable. They would never be billionaires without these traits. They literally can't do anything except work and compete until the day they die.
I'm 55. I've noticed that when people older than me in family stopped working they went into a steep cognitive decline. Even working a part time job has the ability to keep older people focused and active in the world. My Mom retired at 65 and immediately entered the world of conspiracy theory emails circulated among retired women and endless telephone scams. My father, by contrast continued to work part time jobs until he was 89, then went into a decline and died 4 years later. Meanwhile Mom is still in a fog in an assisted living facility and completely broke from being the victim of so many scams. So I guess I'd rather stay active in the business world, whether I need the money or not.
I agree that a job is a good way to keep your mind active, but I don't think it's the ONLY way! I think what's most important is that someone doesn't go into retirement with no plan, because the sudden unlimited free time does have the potential to allow for some bad habits/hobbies. If you have a plan of what you're going to do though to fill your time, volunteer work, hobbies, clubs, lunch and dinner dates with friends/family, you will be just fine!
I would assume when wealthy people retire they would have the resources to pursue other interests and stay busy and healthy. Instead of laying around the house all day watching daytime TV.
honestly i have a theory that healthcare costs would plummet if retiring under 80 or even 85 wasnt just not subsidized but outright banned. The enemy of the worker isnt the rich but the retiree
62.5 hours a week is a joke. Everything that isn't sleep or time at home is considered work. Traveling to work? That's work. Lunch? That's work. Golfing with your failsons? You guess it, work. Fucking hell, I "work" like 80 hours a week if that is what counts.
@@ThunderLips730 alright bro calm down 😂 you’re telling me you either work 5 12 hour days or 6 ten hour days?! What second job do you pick up on Sunday? Bc if you work a part time job that pays for all of your expenses, woah! That’s a full-time job! You don’t need another one! Seriously please enlighten me on what you mean by this I’m concerned for your well-being.
@@ryanthoms 16 hours a day minimum. Texas oilfield, baby. There is no weekday, weekend, day shift, night shift. There is a fat check though. But most of you limp wrists can't comprehend.
@@ThunderLips730 Ok still concerned for your well being but, sincerely, thank you for doing the job others don’t want to do. Still wrong about 62.5 hours a week being a part time job but I understand your perspective and frustration on the topic 😅 you’re absolutely right about me not being able to do that job though haha fuck that
@@ThunderLips730 Good for you. But nobody should be expected to work like that. Ancient hunter-gatherers didn't work half that much, it's not healthy longterm. But doing it for a while to collect that paycheck definitely makes sense, especially if you don't have anything outside your work like friends, a relationship, hobbies, etc. If your life revolves around your work, you might as well get a fat paycheck in exchange.
I knew people who would arrive early and stay late at their $80k/year jobs because they hated their spouses and children. Work was the place they could excrete the toxicity they cultivated and absorbed at home. Work from home would never work for them because their home is their prison. How F-ed up is that? We truly are the architects of our own misery.
I work for the federal government, and there was someone like that at one of our offices (not at mine, it was one of our offices in a different state). Minus the excreting toxicity at work thing you mentioned. Anyway, this guy was working until way past retirement age. It was because he couldn't stand his wife. Being at work was his was to escape from his spouse. He was forced to retire at age 75, because it got to the point where he wasn't actually doing any work anymore, he would just come in and sleep. Speaking as someone who is single, I do not understand why anyone would marry or stay married to someone they can't stand. The whole situation can be avoided in the first place by being extremely picky about your partner.
@@hamsterama Sounds like there would have been assets he would have lost/lost access to in the divorce if he left her. Had a guy like that at work. His *wife* was rich, but he wasn't. He liked the lifestyle she afforded him though. He hated her guts but would pretend to "love his job" while having affairs with women from other departments and using the money from the job to buy them expensive presents. Well, she found out and divorced him. He had to bum rides off his girlfriends for a while because he didn't even own his own car.
@@SkySong6161 I swear, every office everywhere has the same types of people. Wow! There is a guy in my office who is a little bit like your former co-worker, except for the having affairs thing. So, anyway, this guy's wife makes far more money than he does. This allows him a luxuries like BMW's that a typical federal employee could not afford. He can't stand his wife, but stays married because he doesn't want to give up the toys. He takes it out on people at work, though. Like he spreads gossip and fake rumors about me, and tattles to supervisors like he's a five year old. I avoid him as much as I can. Which in the past few years has become much easier, because our jobs switched to mostly work at home.
If a billionaire can't trust people that work for him to run his company without him, then he is the problem, not the people who work for him. Its the bosses responsibility to find competent people and cultivate them for position of leadership. Some business owners don't do this because they're too paranoid and pridefull to trust others and surround themselves with weak sycophants and get a thrill out controlling them.
This makes sense in environment where the stakes are low. Not when running big companies. They know a lot of people who run big companies. That is why they don't trust them.
@@jenHry-ng3pw That means it's a failure of leadership, they failed to cultivate people that can trust, and failed to create a proper environment that enables that to occur, which result in the company being toxic culture. If a company is too dependent on a singular individual in order to be successful, that is the debilitating weakness. A really good big business is one that has strong strong governing structures within the company's charter that manages to mitigate the effects of bad personalities. A lot of companies out there have issues with this stuff, especially within silicon valley and Hollywood, which is why there's such hot messes right now. For a while people thought that the days of the imperial CEO were over, but instead such people just took on a different form, they use the company's corporate structure as a means to hide the fact that they're exerting disproportionate and unhealthy control, all the while making appear that they're actually governing fairly within the company's legal structural, they do this by manipulating people's greed, ambition, and vanity to their advantage.
It is much harder to do a succession plan from the founder to the second generation, than it is to do a succession plan from the second generation to the third.
A wise person knows that building wealth requires wise investments and proper knowledge or guidance in the financial market. The stock market offers opportunities to maximize profit, but executing effective transactions requires skill and expertise.
Investing in stocks can be wise with a reliable trading system. Focus on learning when to buy and sell to minimize losses and maximize profits, and be prepared to capitalize when the market rebounds.
You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.
Great video. I would like to add one reason why these people don't retire: Control. They love the control and influence they have. Some of them, like Gates, think they should be able to control worldwide resources and influence every individual on the planet. They thrist for absolute control.
No greed and love of money and power drives billionaire to focus on money snd yet not focus on using all their wealth to start programs to help the dying middle class and poor.
It's paradoxical how the billionaires won't retire despite having more than enough resources, choosing work over leisure. It seems however, that wealth, age, and retirement share a complex relationship than we might think initially.
Being the CEO of a company is leisure. Fly around the world anytime you want on a private plane, you have lackeys to do everything that's actually laborious because you're the "executive" and "idea guy," sit in the nicest offices eating the best catered food, aforementioned lackeys spend all day telling you how you're so clever and handsome and wouldn't you like some lipstick below the belt line.,.. Oh man, must be brutal.
Good point, a lot of billionaires are only billionaires because they didn't retire, wich creates a strong correlation between their age and not wanting to retire.
"It's a paradox"=I don't understand it. Those only exist in abstract word problems. Obviously they are working for reasons other than the only one you think there is to choice "acquiring resources". Maybe they just fucking like it?
This is why I say do not derive self identity with your job. It’s just something you do. It should not be who you are. I would prefer not to define myself with something tangible like an object or my job because those things are either temporary or they can be lost/taken from you.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
It's also marketing. Americans really bought into the Gospel Of Wealth. Which is to say, rich people did something right and deserve to be rich. Emphasis on "did something." They have to look like they're working (even when their "work" is actually insider trading conducted on a golf course that costs six figures to park at) or risk losing more of the popular support they already have. You just need to go onto a youtube video of Musk, Bezos, or any other rich a-hole, swing a dead squirrel, and hit a few hundred folks deepthroating the boot about how these guys deserve to be rich because of how "hard" they "work." It's a lot easier to convince the working class that you're one of them and on their side when you look like you work, as opposed to what you actually do, which is mooch off their labor and ignore 10s of illegitimate children.
Now, however, if we are to believe the prophet Malachi in chapter 2 that we are to raise “godly children”, that would imply trying to act like God, which partially means continuing to do some work forever, or close to it. Envying the position of someone above you, that you want them to step down so that you can take their job, might be in violation of the “do not covet” command in Exodus chapter 20.
So the high-priced lawyers and private security aren’t enough to protect you? Remaining the CEO keeps the target on your back. Once you retire, you’re basically untouchable unless you were really into some extralegal, shady juju.
Money is very important no one wants to leave the money making business. for me, As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
My retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 22 years of working hard.
I have seen advisors and commentary on them but not one that looks this classy yet phenomenal. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?
🌹I'm 55 years and I retired at 51. I was able to do this because I understand four pricinciples of financial planning success think long term with goals and investing, spend less than you earn maintain liquidity (an emergency savings) minimize the use of debt
Even with the right technique and assets some investors would still make more than others.. As an investor, you should've known by now nothing beats experience and that's final. Personally i had to reach out to a financial adviso (Ava Brenda Harry) for guidance which is how i was able to grow my losing account back to $125k , withdraw my profile right before the corrections and now I'm buying again.
God is wonderful, thanks for sharing such good news and opportunity for others.When someone is straight forward people will always talk about, thanks for talking about her services here, this is a great opportunity..
One of the worst years of my life was the year I did not work. My Grandmother, who died wealthy, chose to continue working despite retiring 3 times, several times at significantly lower pay. My Parents have retired, but still put in work in public speaking, teaching, and writing. I have learned from my family that we need work... the problem is not work, but whether you work to the point it hurts you.
As J.K. Galbraith pointed out, there are many different kinds of 'work.' Yet, conversations about 'work' never seem to bother with this inconvenient fact. So the 'work' that is done by those on the top of the wealth rung is not nearly as demanding as that done at the bottom, where work is mostly debilitating, exhausting, or physically destructive. The 'work that billionaires do, in large part, consists in traveling (in private jets and boats), meeting (in luxury accommodations), watching a computer screens (in pleasant , luxurious surroundings, with mandatory supplicants and servants), etc. This is the kind of 'work' that virtually ANYONE could do! You don't even have to be smart, just compulsive and ruthless.
The problem with the back-of-the-envelope calculation about Trump coming out ahead by passive investing is that it assumes no withdrawals. Trump has been living like a king for decades and never spending a penny of his fortune can't pay for those gold toilets.
Do you really think Trump has spent 6.5 billion on himself in 36 years? That’s 180.6 million a year. I don’t know his spending so I guess I wouldn’t be super surprised if he was. It’s just hard to imagine.
That would be like a trailer park person winning the lotto and blowing it all. Trump being bad with money got him into this mess in the first place. Politics was the only thing saving his ass.
These days, retirement is harder than it used to be. Rather than investing, I have been saving for a very long period. I'm thinking of investing in stocks because of all the inflation, but I'm not only familiar with market tactics.
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
Monica Shawn Marti has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
You know, practically all this channel speaks of is Finance and not Economics? Finance uses economical metrics to predict future cash flows from busniesses and investments, build lucrative deals, etc. While Economists track and report current or past economic performance. Since you are "going to study" that means you still have the option to easily switch majors or be undecided till the second year so no worries! Best of luck with your studies.
My parents are above retirement age and stay active in the businesses they own. Most of their friends and peers that retired at 60 died soon after retirement, especially the men. There's something about meaningful work that keeps people going.
My uncle is worth about $200 million. He is 83 years old and still works 9-5 and sometimes even more. He is the type of guy that if you give him 2 weeks holiday, he will be bored out of his mind at day 10.
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
Most people on this earth aren’t billionaires. It fascinates me how easy it is to create videos about billionaires when there’s so few of them. But for the rest of us, it feels hopeless at times.
Well if people would get rid of the Federal Reserve, the I.R.S, and the CENTRAL BANKS, we'd be much, much better off. But until then, the PRIVATE BIG WHIGS are in control.
With a minor tweak, Tylers monologue hits even harder nowadays, especially for my generation. (bolded part is the change) Man, I see in fight club the strongest and smartest men who’ve ever lived. I see all this potential, and I see squandering. God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need. We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day if we worked hard, we’d all be financial stable, with our own house and able to retire like our parents did. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off.
Great video! I became financially retired at 54 and now semi-retired from my aluminum manufacturing company. .....writing this while i sit by my pool at my home in Florida.
Billionaire or multi millionaire keep going because they are money chasers thats their purpose in life, but if all your chasing after is money thats all youll ever be chasing.
I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.
In my opinion, IRA is a valuable strategy for retirement planning, providing growth and tax advantages. While the market is promising, expert guidance is essential for portfolio management.
I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. Other than Disability Cheque, I earn enough from home and live comfortably with her help.
’vivian jean wilhelm’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.
YES!!! That's exactly her name (Maria Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
I can understand why they don't want to retire; they enjoy what they do. I'm in academics right now, and it's very common to see professors work well into their 70s or even 80s before retiring (with a reduced workload of course). It's not because they need to keep working or don't know what else to do with their life, but because that IS their life. It's their passion. Why would you quit doing your favourite thing just because everyone else expects you to?
Honestly if they can contribute more to society please for the love of God do it. People should just stop retiring at least until their mid 80s if mental decline happens due to unemployment than retirement as a concept is a mistake
Every single dollar comes with a spirit. When you get too many of them it takes over you and you become a slave to the absolute unit of a demon you've collected at other's expense.
Simply put, it’s about how you choose to spend your time rather than to work and make money. Once you have “enough money” to be happy, you realize it’s about what you do to contribute and build rather than just to keep making more money.
The point about passive investing is quite well made. It's one reason why I imagine those who inherit their wealth probably have quite a different mindset. Once a family has accumulated enough wealth, so long as members are financially responsible (which it is easier to be when you are raised that way, never have to rely on credit and have financial advisors) and the family doesn't have so many kids the wealth is diluted, then it's straightforward to stay rich and get richer. And the wealthier you get, the harder it is for spending to make a bent in yearly returns. I would imagine declining fertility rates probably do encourage wealthy dynasties to maintain their wealth for that reason, although I'm not actually sure how fertility rates break down by socio-economic status within countries - I think there's some evidence the very wealthy have somewhat higher fertility than the middle classes.
They do have higher fertility due to having better health care than most people who are not wealthy especially there access to better food and different ways to maintain better stress levels
According to the 4% rule, $1 million dollars for retirement means you could only safely withdraw $25k per year. That's only 1/3 the median household income.
@@LeviForWaifu Paying off your home is one of the worst moves you can make, as many safe passive income sources such as index funds can generally be expected to exceed the APR of a low interest mortgage in long term average returns. If your housing payments are too high, you should consider downsizing to a smaller home, possibly even (gasp) an apartment.
@@FullLengthInterstates No, it's definitely not one of the worst things you can make. Reliability is much more important for retirement, than just pure growth. Your own home is far more valuable (especially if you stopped working), than some index funds that will lose like 20% of it's value when next never-seen-before crisis hits. It's amazing how much faith people have into "safe" passive income sources just 3 years after covid
Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.....Thanks to Kristy Loreca the lady you recommended me to.....
No doubt!! I never knew Kristy Loreca had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
“Self-Made” meaning people like Musk, who was able to start his business thanks to his family’s money. Most of those billionaires haven’t needed to work a day in their lives.
Oh stop it just because you see Hollywood doesn’t mean it sums up the rest of this bs country we live in There are some genuinely hard working Americans @@amireallythatgrumpy6508
Nonsense. He made his billions by founding many companies which he sells off to find bigger and bigger companies. If being Elon is so easy, ask why there are no equivalent Tesla and spacex.
Running a business provide "thrill and excitement" due to uncertainty, fulfilment of "survival- instinct" due to competitive nature, a sense of being "recognised and valued" due to success of business and accumulation of wealth, an escape of boredom due to "challenges" faced by business, etc.
Steve Ballmer was an absolute hero, he may not have made the company the most profitable for shareholders but Ballmer really cared about consumers and developers and always tried to make Microsoft the best company for us consumers. Ballmer was also a much better boss than Gates ever was, he earned his spot.
If what you say is true, then he might very been *fantastic* for shareholders in the long-term. Look at where GE was in the 90s, now look where it is now. The mindset it by the end of the century - contrary to the way it did business for decades - was quite profitable for shareholderswin the short-term but it nearly ran the company into the ground.
Hello HMW, I'm 49 and earn about £2M per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy. Whats your take on investing in real estate, stocks or Gold? Here for ideas...
You need a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
Check out fidelity or some other investments if you want to. Otherwise, cd's from the bank are a reliable way to continuously earn interest. Just beware the different versions, retirement savings, like an ira, have specific requirements, and because of such, can and should be only accessed when: your around 50 years old and have had the account for over 6 years. Otherwise you get taxed in addition to a 10% penalty. Cd's roll over and can only be accessed at certain times, such as the end of the roll over unless your willing to pay severe penalties. Finally, regular investment accounts in stuff like fidelity, if invested a certain amount of years without any withdrawals, will get you lower tax deductions when you actually need to take it out. All in all, there are plenty of options available. The one thing people mention in relation to this is inflation. Inflation slowly kills the value of your money. Spending it somewhere along these lines helps stabilize it, if invested in a stable place like for me, the snp 500, or, the more risky spy which copies the snp over stocks.
It would be fun to run a company. Even much smaller companies I worked places where even if it stressed them out at times the people in charge loved it. It’s significant different from being a wage slave.
Intriguing video as always! I'd like to add a 4th: 4. They are "unicorns" who understand the importance of becoming the ultimate humans who love their journey and wouldn't want to do anything else during their day to day...
It was like this for many of the Great Depression generation. Many of them continued to live extremely frugally in their retirement, even though they had tons of money saved away. Many people didn’t realize how wealthy these people were until they died and left a sizable inheritance behind! Habits you learn when you are young often follow you into old age.
I think a lot of billionaires got there through greed and an enormous amount of luck and since they genuinely don’t know how it happened they think it’ll just evaporate if they stop doing exactly what they’ve been doing for the last 30 years. It’s sad and pathetic and hurts literally everyone involved, but have you worked with regular old people who are old enough to retire? They all hate their spouses and are terrified of just being home and enjoying being alive. The young silent generation/eldest boomers are really not OK since none of them ever considered therapy once in their lives.
since i was a kid, i knew i was never going to retire. it completely changed the way i view my career, and the choices i have made. i recognize that i will, eventually, stop, but it will not be until i am literally unable to continue. now - that does not mean that i will be calling the shots at my companies. i fully recognize that there are likely many people who are more capable of operating my firms than i am. my job is to find them, pay them handsomely, and make sure that they and their potential replacements are on my payroll. i know damn well that almost all of them will leave. some of them will leave, before i am ready for them to leave. some of them will leave because i will recognize that they are not the right person for the job.
Australians get 12% of their Salary quarantined into a retirement fund called Superannuation, and it's been that way since 1992. Goes with every job you have, even teenage casual positions. Mostly you can't withdraw it, but it is your money, and you've a wide range of options in how it should be invested, and which company you choose to invest it with. When you apply for a job, they don't advertise the compulsory Super in the ad. So if it's a job for $100k, you'll actually receive $112k. It also means there's a large pool of money to invest in Australian projects. I think it's a good system, but you're screwed if you're not working, because no Taxpayers will be interested in supporting you once you're old if you haven't looked after it.
This video has said what I long suspected. Reason #3 in this video is key. A billionaire's work is in many ways less stressful than an ordinary workers. A billionaire doesn't do the dirty work like put up with customer complaints, tech issues, or fudging through files. Meanwhile, an ordinary worker doesn't have any sway within the company, and isn't allowed to contribute any new ideas or creativity into the company. A CEO can make the role exactly what they want it to be, while the worker is beholden to whatever the CEO wants. Through all of the jobs I've worked, I've learned that mundane work is much, much more draining than the exciting work. I can't imagine that making big, strategic decisions or appearing on TV all the time is more draining than making PowerPoint presentations or managing your companies email marketing.
They’ve cracked the code they’ve won it’s fun why would you want to stop, people that want to quit , quit because they lost and are defeated, these guys are loving it
There’s some truth in that. I once had a dream job that I loved. It lasted only 4 years before some guy with a grudge set me up to get rid of me. I never found a good job again, so retired. I made a lot doing a fun job. People who love what they do will likely keep going, and I doubt people make tens of millions or more while miserable.
@@nunyabidness3075 exactly, it a lot of people really find there thing and if they do it might not yield great wealth and power, these people in the post found there thing got really good at it and are making a killing it must be very fun and rewarding for them, that’s rare I don’t blame them for hanging on for dear life
You missed the purpose question. Men tend to get depressed without purpose. So if you built a company and it has become the core pillar of your personality, letting go isn't a money issue.
I think you discount one potential option. Purpose. Some people believe they were destined to do that which they’re the best at. What would 90 year old Warren Buffett do with his time? He sees running Berkshire as his life’s work. His purpose for living. Not everyone wants to spend every day waking up at 11 am on a beach and drink Mai tais until after dinner for years on end. Some people find purpose in their work. You can disagree with that, you can think it’s dumb. But it’s a very plausible explanation for why successful people continue to do the things they love, long after they don’t need to anymore.
Yup infact it’s been proven that’s how we function as humans mentally when we see success and fully embrace what we are good at wholeheartedly we will never stop until the very end
Why retire when they are not even working? These people aren't exactly laying brick or digging holes with a shovel for a living. They are dressing in suits, talking and signing papers. Dont need a healthy and young body for that workload.
A sense of social detachment is a huge variable in financial success. Also, many billionaires do not relish in the spotlight. Some like the thrill of being thee guy in the room while others just want to go to the beach and enjoy the sails.
Some people stay for the power and ego. Some stay because they enjoy what they do. That's why I really admire Buffett who still lives simply and only keeps on doing what he does because he likes the craft.
Did you watch the how money works video that is title why billionaires pretend to be poor? what Buffett doing is just a front so you won’t think l less of him.
Billionaires are operators of the system, so inclusive that they aren't replaceable by the next generation, there ego is bonded into how things are working right now, they aren't able to leave there ego behind, they wait until it will be taken.
I think also you build such a deep talent stack combined with experience through different market conditions, who can you really hand the reigns to? Quiet part out loud is a majority of businesses fade off and die after a successor.
The incompetence and corruption that runs through this administration is ridiculous. I feel for the disabled not getting the help they deserved. People who are not in the market right now are missing lots of opportunities, imagine investing $2000 and receiving $7,300 in 4days.
I work with Dora Hobbs. Got her info on ABC News in December 2022 and started following her lead and it’s favoring me. Lost my job in April 2022 and right now I'm back on top again as I always win with her strategy.
Dora’s success story is everywhere no doubt. This was exactly how I got her recommendation last month. So happy I gave a trial after being skeptic of the process.
I been semi-retired like 4 years after HS. My plan is move where all the places I like to visited before I die. I finish that quest at age 56, I'm currently now 60. I rented all the time as I was traveling. Easy to pick up and leave and start another quested. I never saved up a Nest Egg. But that doesn't mean I wasn't saving. I was saving funds to travel from place to place. Town to town, city to city, state to state. I always called it the Golden Goose Egg. Between jobs the funds I saved up, where my off days from working. This gap can be 1-3-6-9 months. It also can be a gap like 1-3 years. My longest gap between jobs was 2 years and 9 months. I finish my quest at age 56. So it's time to settle down. First off I been debt free since I was 36. Paid cash every since and still am. I bought my first house at age 56 in cash. Debt free, no substance abuse, no kids, no wife, not even went to college. I also do side hustles. Been doing side hustles since I was 13. At 60 still doing side hustles and will continue doing so until death. I did finish my bucket list. But doesn't mean I can't add a few more, which I have. I just now have a home to go to. So vacations I go. Might even buy another property sometime down the line as a vacation location. Will see.
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5:14 there is an ear pirsing buzz in the back
Great video and a hosting discount!
How do you animate you video,how to make those stock guys walking around
So much of the information you said is so off the mark its kind of insane. For starters its not even proven if there is a billionaire under the age of 40. The lie and yes blatant lie that women live longer is unknown why people keep spewing this blatant bullshit. It was never proven true and has been a blatant lie that was proven beyond false before it was even claimed. Also Trump is not a billionaire he in reality is a trillionaire. To start the company that claims he is now only worth $4 billion is lying their asses off to attempt to steal his buildings and wealth. Going off the land value not the buildings or anything else on the property just the land of Trump's main home in Florida is worth at least $3,204,000,000 because in 2023 there were 2 land sales with no property on them that sold right next next to his property and one connecting to his property and 1 was 1/3 of an acre that sold for $60,000,000 and the other was 1 acre and it sold for $180,000,000. Trump's land of just his home is 17.8 acres making it worth at least $3,204,000,000. Here is another fucking lie that Democrats keep lying about and that is his sky scrappers in New York City are each at least $100,000,000,000 to the main Trump Tower in New York City going off how much each sky scrapper in the world that is about as tall as it well its closer to $500 billion to $700 billion because that main tower is actually the 3rd to 2nd tallest building in New York City and within the top 25 tallest buildings in the entire world and one of the only 46 buildings out of the 83 built that are taller than The Great Pyramid of Giza and that is just the property and none of the wealth inside the property. Trump actually owns his own private military. North Star Security which is the single largest and most powerful private army in the world and it actually owns 5 of the 57 aircraft carriers that exist and it has a full Navy, full army, and full air force and even has satellites of its own. Trump also owns the company that deals with developing communication systems for military, ambulance, fire department, police, and all emergency systems around the world. To call Trump a billionaire is a blatant lie for to give a more closer ranking of how much he is worth its closer to $300 trillionaire. All the buildings, land, wealth items, big fucking boats, ships bigger than you can realize, air crafts, military bases, the fact that Trump's home has the only useable Imperial Palace Grade Ball Room and the only 2 others in the world that exist is the place that the Chinese government uses for its votes but does not get used for anything else and has no parties at all and is only used by the Chinese government only, the only other one is owned by the Prince of Saudi Arabia to store his vehicles and has not had any parties in it for about 700 years. The last Imperial Palace Grade Ball Room ever used burned to the ground over 300 years ago and was owned by the Royal family of England and was connected to Buckingham Palace. Yea having that item is a huge wealth increase because the only other 2 that exist are valued at $2 to $15 trillion and they are not even in use yet Trump's is. Having a usable one increases them insanely much especially because none has not had the ability to be in use for hundreds of years and its why its kind of nearly constantly in use and contracts of use have been well requested of Trump to allow it to be used for leaders become the leaders of their countries, mega corporation parties, hell the place has a contract with the Christian religion to have the pope has his inauguration party for the next 700 to 800 years at that ball room. Yea so if you want to rent that ball room there is a near solid wait of over 200 years. Having a ballroom like that is legit worth over $100 trillion. Yea Trump is not billionaire poor he is hundreds of trillionaires rich. There are more people that are trillionaires than you might ever realize. The wage disparity is even realer than people realize and screwed up reality its because of the old extreme rich who still control the world and keep making the lives of everyone else suffer because of their super greed. When the baby boomers die off then its when people can well begin to repair the unholy damage caused by the baby boomers rich and poor. The baby boomer generation has in fact destroyed the world economically. They stole the wealth of all other generations and in such amounts that no one can survive. When they die off the world will start to recover the problem is they make up over 6 billion of the 8 billion people on the planet. Less than 2 billion people alive of a all non baby boomer generations which includes the older than baby boomer generations and the younger than baby boomer generations.
No thanks, AI utilization is a dodgy PR move during this day and age. I'll wait for the services to become better.
I guess it's partly because of the psychological reasons:
-They genuinely enjoy what they doing.
-They've built too much of their sense of self into what they do for a living.
-They need to feel alive somehow and their work helps them feel alive.
-They don't trust anyone else to run their 'baby'
Tl;Dr
Ego & hubris
I bet the last one is a big one if its something they built on their own. Like, if you just did good buying into restaurant franchises, its probably not that big of a deal, but i can see zuckerberg not wanting to give up facebook
-ego and the joy of having power over people.
-they ignored their children all their lives and now their kids want nothing to do with them.
-When they retire, they will realize they have no real friendships outside of work colleagues who only talk to them because of self-interest.
The Greatest and Silent Generations retired as soon as they hit 75. They put more into their families and communiities and were happy to enjoy life
Good point and good replies. 👍🏻👍🏻👍🏻
Exactly.
It is an addiction. Some people choose Alcohol, some choose tobacco, some are addicted to making a dollar out of 15 cents.
You cant patholgize it as "addiction" anymore than you can say that about people that continue to work after winning the lottery. An important attribute of an addiction is that it causes damage to ones well being. And who wants to give up something they are good at? No one! Most people stop doing what they are good at do so because they cant do it anymore or they become bored
Is that a bad thing?
@@maniac50ae14Greed is corrosive.
@@the_expidition427yes, corporations provide nothing of value most of the time and we have bigger issues.
@@joeykeilholz925 Name a corporation that provides nothing of value
I initially planned to retire at 62, working part-time while saving money. But high price increases have disrupted my plan. I wonder if those who experienced the 2008 financial crisis had it easier than my current situation. The declining stock market has lowered my income, and I'm worried that my reduced contributions will leave me with insufficient retirement savings.
I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Could you possibly recommend a CFA you've consulted with?
Rebecca Nassar Dunne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
The day you retire is the day you start to lose importance, status and connections. If you lived your life with those benefits its hard to live without them. People stop answering your calls immediately etc.
But that is because they put all their self worth into money, work, power, and life instead of friends, family, and children
@@Justyouraverageguy172 Not true... Go look at most old folk.. their friends have passed away.. their families are busy raising their own children. They face a lot of loneliness.
On the contrary a working senior.. has work friends and people who HAVE to speak and interact with them. Which forces them to be busy and not lonely.
@@joshuadias2468loneliness isn’t just for seniors to experience. I have lived in loneliness from the last 7 years even with working.
They often work in spending 5% of their net worth as a charity to look good. As much as Gates is an asshole, his charity actually does a significant amount of good in the world. He screwed taking money from shady people (Epstein was also trying to whitewash his horribleness, though he was far worse than gates) but overall, it keeps them busy and they aim to look good in the long term.
Loneliness is a state of mind and emotion of feeling isolated. Just because you are surrounded by people means you won't feel lonely. The lack of personal deep connections is what causes loneliness. Only when you have something that gulfills you and makes you feel content is when you won't feel lonely even if you are physically alone. Of course finding what gives you such fulfillment is another thing you will have to do in your own way.
Basically proves that the people that control our lives fundamentally don't think that life is worth living. From top to bottom, they want a society obsessed with work, where family and friends are a blip in our increasingly short lives.
They want us to feel the emptiness that they feel inside. 😢
This is a good point, although kinda inevitable. Those who think work is life are most likely to rise up the ladder and make laws which the living majority don't actually want from their lives.
Agreed. Even God himself tells us “What does a man profit to gain the whole world but lose his soul (himself and place his own worth on his money)
Wow you nailed it. I hadn't even thought of that because I always assumed that they were still spending money on a worthwhile life....but they're really just decorating a prison and expecting everyone else to want the same.
@@Justyouraverageguy172 That isn't just for money but for anything or anyone that stand in the way of God such that you reject Jesus in order to maintain approval among people. Jesus said those words after Peter scolded him for talking about his own death (Peter valued earthly life to the point of essentially telling Jesus not to save humanity...though he didn't know that's what he was asking for). If you look at the full context, Jesus concludes, "For whoever is ashamed of me and of my words in this adulterous and sinful generation, of him will the Son of Man also be ashamed when he comes in the glory of his Father with the holy angels." Rich or poor, Jesus asks that we shun the obsessions and honors of this life, even life itself in order to gain eternal life.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
this is all new to me, where do I find a fiduciary, can you recommend any?
My CFA ’’ Sharon Ann Meny a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
@@SteveDutton-v For anyone reading this in the future these are bots and this is a scam
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Wow that's a lot of bot posts
I cannot imagine the existential dilemma that hits many ultra-rich people of “now what.”
That is astonishingly pathetic if accurate
Which is why they should be taxed. Imagine the drain their runaway projections, egos and ambitions are on the middle class en masse on both sides
You dont have to be rich or a billionaire to feel that. Theres homeless people that feel like that, theres working and middle class people that already feel like that. The philosophical ideas like nihilism and existentialism came about because regular everyday people felt this way.
One of the most common things i get asked when a when religious or spiritual person finds out that im atheist is, "so what do you believe we are here for". See, most people never really think about this to begin with and or they gloss over it with "gods plan". But if someone gets introduced to these types of ideas, it often causes a depression
That's a dilemma everyone deals with
@@MrMeddyman Not quite
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Fuckin bots.
A billionaire "job" has no relation to a normal job that most people have.
Skill issue on low iq normies
"Let them eat cake."
-How Money Works
Its not a job, They dont do anything they dont even dress themselves
I personally know a billionaire as a friend. They like to keep busy because if they retire, their mental activity goes down and they become insanely bored. Maslow's hierarchy also plays a part. They feel like they can make a difference.
They also don't overwork as stated in the video. They are more relaxed than the bottom workers. Just as much time dedicated yet less intensive.
True, they don't work in the first place, they just exploit other's works.
It is like that with so many older people. They wont leave so others can move up even when they are failing at work. Work is their life and it is all they have. Alot of cases they have no power or purpose in real life and work is a safe haven.
And seriously at this age how much tiring work or productive work are they doing? They just assign all the work to someone else and demand to be presented with the findings and then pretend to be the all-knowing boss that makes the best decisions than no one else in similar position would not be able to do.
They can retire and find hobbies and a part time job like the rest of us.
I think most older people keep working because they have to....
The percentage of people with almost nothing saved for retirement is really depressing...
@@desiv1170 we are talking about billionaires not a low income grandpa though.
@@ITZ_REEK_MEDIA_LLC The OP I was replying to was just talking about "so many older people," not billionaires...
Tom from MySpace is my hero. That guy got out at the perfect time and set himself up perfectly.
Yeah, I'm genuinely impressed with his ability to move onto a new phase in life. And his photography skills are top notch.
He achieved Hakuna Matata.
Yep, he's definitely in my top 8!!
Being a CEO seems like playing a 4X game like Stellaris. Make decisions and watch the numbers go up. I can see why some wont retire when they are already playing their favorite game, with lots of power as a bonus.
Except the year is 2500, the crisis is over, and you're spending hours micromanaging 50 planets down to the last species traits and job.
Yeah, for them money is like points in a game and they want to be on the top score list to show off.
@@kandaimai9944 I guess thats why many rich people start side businesses, to start a new run.
Maybe thats what Trump is doing, he got bored of playing megacorps and wanted to try a dictatorial playthrough.
Out of all places, I wasn't expectong to encounter other stellaris players here.
I guess we truly love seeing numbers.
@@2MeterLP no. He got fed up like the rest of us and decided to do something about it.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can i reach this adviser?
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
At this point take a loan
They're not exactly doing back breaking work. They just tell people to move digital numbers for them.
And its kind of the problem with the whole "you'll never retire" thing. Sure working white collar jobs in your 60s, 70s or even 80s is feasable.
But you can't be a carpenter or ironworker or mechanic etc in your 70s. Certainly not full time. Its quite literally physically impossible.
Pretty sad to see the people who work the hardest doomed to poverty.
Thats manual workers' should keep a foot in the School. So they have a degree for credential against compétition become management in their field.
@@vonb2792 Except not everyone can be a manager. There's like 1 foreman for ~~20 workers usually.
Also not everyone wants to be one. Some of most skilled co-workers i ever had absolutely loved their job and had no desire of dealing with other people's crap or paperwork.
Not like i'm saying that for myself, i'm an electromechanic who always loved the more technological side of my job more than the mechanical one so if i ever can't do my job i'll quite happily just learn to code or to draw technical plans. I just don't care to atm cause sitting in front of a computer all day is boring and seem like a great way to become a blob.
It really depends man. Not every job is at the same level as working an oil rig. Working at Walmart sucks, but you'd be delusional to think it is harder than being the CEO of a large company.
The reason why CEOs or other ultra-rich don't quit is that they are pathologically driven to work. It's in their DNA. They are ultra competitive and highly disagreeable. They would never be billionaires without these traits. They literally can't do anything except work and compete until the day they die.
Yeah but on the plus side, our stock numbers go up.
true
I'm 55. I've noticed that when people older than me in family stopped working they went into a steep cognitive decline. Even working a part time job has the ability to keep older people focused and active in the world. My Mom retired at 65 and immediately entered the world of conspiracy theory emails circulated among retired women and endless telephone scams. My father, by contrast continued to work part time jobs until he was 89, then went into a decline and died 4 years later. Meanwhile Mom is still in a fog in an assisted living facility and completely broke from being the victim of so many scams. So I guess I'd rather stay active in the business world, whether I need the money or not.
I agree that a job is a good way to keep your mind active, but I don't think it's the ONLY way! I think what's most important is that someone doesn't go into retirement with no plan, because the sudden unlimited free time does have the potential to allow for some bad habits/hobbies. If you have a plan of what you're going to do though to fill your time, volunteer work, hobbies, clubs, lunch and dinner dates with friends/family, you will be just fine!
I would assume when wealthy people retire they would have the resources to pursue other interests and stay busy and healthy. Instead of laying around the house all day watching daytime TV.
honestly i have a theory that healthcare costs would plummet if retiring under 80 or even 85 wasnt just not subsidized but outright banned. The enemy of the worker isnt the rich but the retiree
Maybe you should spend more time with your mom.
62.5 hours a week is a joke. Everything that isn't sleep or time at home is considered work. Traveling to work? That's work. Lunch? That's work. Golfing with your failsons? You guess it, work. Fucking hell, I "work" like 80 hours a week if that is what counts.
62.5 hours a week is a part time job
@@ThunderLips730 alright bro calm down 😂 you’re telling me you either work 5 12 hour days or 6 ten hour days?! What second job do you pick up on Sunday? Bc if you work a part time job that pays for all of your expenses, woah! That’s a full-time job! You don’t need another one! Seriously please enlighten me on what you mean by this I’m concerned for your well-being.
@@ryanthoms 16 hours a day minimum. Texas oilfield, baby. There is no weekday, weekend, day shift, night shift. There is a fat check though. But most of you limp wrists can't comprehend.
@@ThunderLips730 Ok still concerned for your well being but, sincerely, thank you for doing the job others don’t want to do. Still wrong about 62.5 hours a week being a part time job but I understand your perspective and frustration on the topic 😅 you’re absolutely right about me not being able to do that job though haha fuck that
@@ThunderLips730 Good for you. But nobody should be expected to work like that. Ancient hunter-gatherers didn't work half that much, it's not healthy longterm. But doing it for a while to collect that paycheck definitely makes sense, especially if you don't have anything outside your work like friends, a relationship, hobbies, etc. If your life revolves around your work, you might as well get a fat paycheck in exchange.
I knew people who would arrive early and stay late at their $80k/year jobs because they hated their spouses and children. Work was the place they could excrete the toxicity they cultivated and absorbed at home. Work from home would never work for them because their home is their prison. How F-ed up is that? We truly are the architects of our own misery.
I work for the federal government, and there was someone like that at one of our offices (not at mine, it was one of our offices in a different state). Minus the excreting toxicity at work thing you mentioned. Anyway, this guy was working until way past retirement age. It was because he couldn't stand his wife. Being at work was his was to escape from his spouse. He was forced to retire at age 75, because it got to the point where he wasn't actually doing any work anymore, he would just come in and sleep. Speaking as someone who is single, I do not understand why anyone would marry or stay married to someone they can't stand. The whole situation can be avoided in the first place by being extremely picky about your partner.
@@hamsterama Sounds like there would have been assets he would have lost/lost access to in the divorce if he left her. Had a guy like that at work. His *wife* was rich, but he wasn't. He liked the lifestyle she afforded him though. He hated her guts but would pretend to "love his job" while having affairs with women from other departments and using the money from the job to buy them expensive presents. Well, she found out and divorced him. He had to bum rides off his girlfriends for a while because he didn't even own his own car.
@@SkySong6161 I swear, every office everywhere has the same types of people. Wow! There is a guy in my office who is a little bit like your former co-worker, except for the having affairs thing. So, anyway, this guy's wife makes far more money than he does. This allows him a luxuries like BMW's that a typical federal employee could not afford. He can't stand his wife, but stays married because he doesn't want to give up the toys. He takes it out on people at work, though. Like he spreads gossip and fake rumors about me, and tattles to supervisors like he's a five year old. I avoid him as much as I can. Which in the past few years has become much easier, because our jobs switched to mostly work at home.
I feel bad for the wife and kids
I would rather take the risk and divorce than live like that. Also that’s another reason a lot of people avoid marriage nowadays.
If a billionaire can't trust people that work for him to run his company without him, then he is the problem, not the people who work for him. Its the bosses responsibility to find competent people and cultivate them for position of leadership. Some business owners don't do this because they're too paranoid and pridefull to trust others and surround themselves with weak sycophants and get a thrill out controlling them.
This makes sense in environment where the stakes are low. Not when running big companies. They know a lot of people who run big companies. That is why they don't trust them.
@@jenHry-ng3pw That means it's a failure of leadership, they failed to cultivate people that can trust, and failed to create a proper environment that enables that to occur, which result in the company being toxic culture. If a company is too dependent on a singular individual in order to be successful, that is the debilitating weakness. A really good big business is one that has strong strong governing structures within the company's charter that manages to mitigate the effects of bad personalities. A lot of companies out there have issues with this stuff, especially within silicon valley and Hollywood, which is why there's such hot messes right now. For a while people thought that the days of the imperial CEO were over, but instead such people just took on a different form, they use the company's corporate structure as a means to hide the fact that they're exerting disproportionate and unhealthy control, all the while making appear that they're actually governing fairly within the company's legal structural, they do this by manipulating people's greed, ambition, and vanity to their advantage.
It is much harder to do a succession plan from the founder to the second generation, than it is to do a succession plan from the second generation to the third.
You can't trust people, if you would you'll be betrayed.
Some could steal clients and made the same business next door.
A wise person knows that building wealth requires wise investments and proper knowledge or guidance in the financial market. The stock market offers opportunities to maximize profit, but executing effective transactions requires skill and expertise.
Investing in stocks can be wise with a reliable trading system. Focus on learning when to buy and sell to minimize losses and maximize profits, and be prepared to capitalize when the market rebounds.
You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.
How can I find your financial advisor? I need all the help I can get, especially in this crisis.
Her name is 'Rebecca Nassar Dunne” Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Great video. I would like to add one reason why these people don't retire: Control. They love the control and influence they have. Some of them, like Gates, think they should be able to control worldwide resources and influence every individual on the planet. They thrist for absolute control.
dudes should play Stellaris or seek therapy instead smh my head
No greed and love of money and power drives billionaire to focus on money snd yet not focus on using all their wealth to start programs to help the dying middle class and poor.
Once you have more than enough money, it's always about control and power.
@@phillipharris8159 better than being broke and powerless.
@@handleyobusiness if you are not swayed by a number, you have more power than most
It's paradoxical how the billionaires won't retire despite having more than enough resources, choosing work over leisure. It seems however, that wealth, age, and retirement share a complex relationship than we might think initially.
Being the CEO of a company is leisure. Fly around the world anytime you want on a private plane, you have lackeys to do everything that's actually laborious because you're the "executive" and "idea guy," sit in the nicest offices eating the best catered food, aforementioned lackeys spend all day telling you how you're so clever and handsome and wouldn't you like some lipstick below the belt line.,..
Oh man, must be brutal.
Good point, a lot of billionaires are only billionaires because they didn't retire, wich creates a strong correlation between their age and not wanting to retire.
"It's a paradox"=I don't understand it. Those only exist in abstract word problems. Obviously they are working for reasons other than the only one you think there is to choice "acquiring resources". Maybe they just fucking like it?
They do not respond to a boss and aren't busy with house work. Of course, the only thing they have is the work.
This is why I say do not derive self identity with your job. It’s just something you do. It should not be who you are. I would prefer not to define myself with something tangible like an object or my job because those things are either temporary or they can be lost/taken from you.
This is it
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Bot chain
It's also marketing. Americans really bought into the Gospel Of Wealth. Which is to say, rich people did something right and deserve to be rich.
Emphasis on "did something."
They have to look like they're working (even when their "work" is actually insider trading conducted on a golf course that costs six figures to park at) or risk losing more of the popular support they already have. You just need to go onto a youtube video of Musk, Bezos, or any other rich a-hole, swing a dead squirrel, and hit a few hundred folks deepthroating the boot about how these guys deserve to be rich because of how "hard" they "work."
It's a lot easier to convince the working class that you're one of them and on their side when you look like you work, as opposed to what you actually do, which is mooch off their labor and ignore 10s of illegitimate children.
They've been retired their entire lives already
^ This, so much this.
There's working, and then there's telling other people what to do, check your phone, go out anytime you want "work".
@@Untilitpases endless meetings with cronies where you all make each other feel important
rentseeking, freeloading behaviors aren't work. that's why they project the lazy bum image onto everyone else
Money doesnt manage it self. They may workless but they do have to be ontop of everything that going on to an extent .
That's basically it. What they do isn't really work for them nor necessarily work at all.
There’s a saying in Turkish, ‘hayat arsızı’, referring to those who are selfish life clingers, imposing burdens on others even into old age.
Now, however, if we are to believe the prophet Malachi in chapter 2 that we are to raise “godly children”, that would imply trying to act like God, which partially means continuing to do some work forever, or close to it. Envying the position of someone above you, that you want them to step down so that you can take their job, might be in violation of the “do not covet” command in Exodus chapter 20.
The real reason why many billionaires don’t retire early is because they absolutely love what they do and it is hardly work to them.
Thank you❤
warren buffet will die before he retires
I assume the same reason other mob bosses don't tend to retire. It makes you vulnerable to every enemy you made while making your money.
So the high-priced lawyers and private security aren’t enough to protect you? Remaining the CEO keeps the target on your back. Once you retire, you’re basically untouchable unless you were really into some extralegal, shady juju.
well thats one of the perk of making your money legally, you can actually retire, much harder in organized crime
an interesting theory for the ones that did some dirty practices.
"Almost old enough to run for president" Oof 😆
Money is very important no one wants to leave the money making business. for me, As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Her name is 'MICHELE KATHERINE SINGH' She maintains an online presence. just make a simple search for her name online.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
sell now!!!
My retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 22 years of working hard.
How can one get to interview advisors? And what questions should you ask?
I have seen advisors and commentary on them but not one that looks this classy yet phenomenal. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?
Looks good. I hope my email doesn’t end up ignored, lady is very young for that experience and looks quite brilliant. Thanks for sharing.
Beware bots. They can responde to each others to promote scams
Female billionaires are younger because usually billionaire men marry younger women.
He says that. Often they are made billionaires as a product of divorce settlements
@@blackberryjam6781new career unlocked
@@blackberryjam6781we need to increase economic equality for... checking notes... single young men
or turn more billionaires gay lol
@@TESkyrimizeror don't ruin your marriage by doing dumb shit.
@@canesugar911 Don't marry cold diggers, marry a man and use IVF, and don't get messy with Peter Thiel
🌹I'm 55 years and I retired at 51. I was able to do this because I understand four pricinciples of financial planning success think long term with goals and investing, spend less than you earn maintain liquidity (an emergency savings) minimize the use of debt
Even with the right technique and assets some investors would still make more than others.. As an investor, you should've known by now nothing beats experience and that's final. Personally i had to reach out to a financial adviso (Ava Brenda Harry) for guidance which is how i was able to grow my losing account back to $125k , withdraw my profile right before the corrections and now I'm buying again.
God is wonderful, thanks for sharing such good news and opportunity for others.When someone is straight forward people will always talk about, thanks for talking about her services here, this is a great opportunity..
Boomer mean somenthing learn
To become a self made billionaire you have to have a couple screws loose. Understandable that they can't let go
One of the worst years of my life was the year I did not work. My Grandmother, who died wealthy, chose to continue working despite retiring 3 times, several times at significantly lower pay. My Parents have retired, but still put in work in public speaking, teaching, and writing.
I have learned from my family that we need work... the problem is not work, but whether you work to the point it hurts you.
As J.K. Galbraith pointed out, there are many different kinds of 'work.' Yet, conversations about 'work' never seem to bother with this inconvenient fact. So the 'work' that is done by those on the top of the wealth rung is not nearly as demanding as that done at the bottom, where work is mostly debilitating, exhausting, or physically destructive. The 'work that billionaires do, in large part, consists in traveling (in private jets and boats), meeting (in luxury accommodations), watching a computer screens (in pleasant , luxurious surroundings, with mandatory supplicants and servants), etc.
This is the kind of 'work' that virtually ANYONE could do! You don't even have to be smart, just compulsive and ruthless.
The problem with the back-of-the-envelope calculation about Trump coming out ahead by passive investing is that it assumes no withdrawals. Trump has been living like a king for decades and never spending a penny of his fortune can't pay for those gold toilets.
Do you really think Trump has spent 6.5 billion on himself in 36 years? That’s 180.6 million a year. I don’t know his spending so I guess I wouldn’t be super surprised if he was. It’s just hard to imagine.
Good observation.
That would be like a trailer park person winning the lotto and blowing it all. Trump being bad with money got him into this mess in the first place. Politics was the only thing saving his ass.
Even if he invested half and lived off the other half he'd be richer than he is now.
@@megalodon1726 if you can do a back-of-the-envelope calculation showing this, that'd make a good Tick Tok vidro
These days, retirement is harder than it used to be. Rather than investing, I have been saving for a very long period. I'm thinking of investing in stocks because of all the inflation, but I'm not only familiar with market tactics.
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Monica Shawn Marti has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
All that compounding interest mesmerizes people with a lot of money.
It becomes their God. They worship those dollars rather than making their personal lives richer.
You can’t make yourself wealthy like that having a rich personal life atleast not in this time period of history or any other
I’m going to study economics at NYU next fall in large part due to this channel. Thanks for the great content!
Good for you best of luck 😊😊
Hope you do well
Good luck bro
Hope you’re not paying sticker price
You know, practically all this channel speaks of is Finance and not Economics?
Finance uses economical metrics to predict future cash flows from busniesses and investments, build lucrative deals, etc. While Economists track and report current or past economic performance.
Since you are "going to study" that means you still have the option to easily switch majors or be undecided till the second year so no worries!
Best of luck with your studies.
My parents are above retirement age and stay active in the businesses they own. Most of their friends and peers that retired at 60 died soon after retirement, especially the men. There's something about meaningful work that keeps people going.
My uncle is worth about $200 million. He is 83 years old and still works 9-5 and sometimes even more. He is the type of guy that if you give him 2 weeks holiday, he will be bored out of his mind at day 10.
That is terrifying, he needs help mentally.
Bruh all I need is $10 Million then 100X it over 50 years.
@@jared1861it's only a mental disorder when the poors do it.
@@jared1861 To you he needs mental help. To me he provides thousands of jobs with his focus and hardwork.
@@nsebastI’m sure he has made thousands of bullshit jobs where people are clinging on financially.
“This is how wealth is made”
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
researvh the name, if you care.
REBECCA MARTIN WATSON
l’m amazed to partake on this, lt has rekindled the fire to my goals.
Most people on this earth aren’t billionaires. It fascinates me how easy it is to create videos about billionaires when there’s so few of them. But for the rest of us, it feels hopeless at times.
Are you 12?
@@Australiaisupsidedown ignorant comment for someone with 40+ years of professional experience…
Well if people would get rid of the Federal Reserve, the I.R.S, and the CENTRAL BANKS, we'd be much, much better off.
But until then, the PRIVATE BIG WHIGS are in control.
Tom was my first friend and I am happy he is living his best life.
With a minor tweak, Tylers monologue hits even harder nowadays, especially for my generation. (bolded part is the change)
Man, I see in fight club the strongest and smartest men who’ve ever lived. I see all this potential, and I see squandering. God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need.
We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day if we worked hard, we’d all be financial stable, with our own house and able to retire like our parents did.
But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off.
Christ is the only way
Nothing is bolded
@@Abdiel_BZshut it, hypocrite whitened grave
Ego will not let them, when people treat you like you are important you start to believe it
Great video! I became financially retired at 54 and now semi-retired from my aluminum manufacturing company.
.....writing this while i sit by my pool at my home in Florida.
Billionaire or multi millionaire keep going because they are money chasers thats their purpose in life, but if all your chasing after is money thats all youll ever be chasing.
I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.
In my opinion, IRA is a valuable strategy for retirement planning, providing growth and tax advantages. While the market is promising, expert guidance is essential for portfolio management.
I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. Other than Disability Cheque, I earn enough from home and live comfortably with her help.
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
’vivian jean wilhelm’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
As a newbie that wants to invest, you must have these three things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with a financial advisor.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mrs Maria Davis.
YES!!! That's exactly her name (Maria Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
I can understand why they don't want to retire; they enjoy what they do. I'm in academics right now, and it's very common to see professors work well into their 70s or even 80s before retiring (with a reduced workload of course). It's not because they need to keep working or don't know what else to do with their life, but because that IS their life. It's their passion. Why would you quit doing your favourite thing just because everyone else expects you to?
Honestly if they can contribute more to society please for the love of God do it. People should just stop retiring at least until their mid 80s if mental decline happens due to unemployment than retirement as a concept is a mistake
Ask their students, research assistants and colleagues how great it is to work with them.
Every single dollar comes with a spirit. When you get too many of them it takes over you and you become a slave to the absolute unit of a demon you've collected at other's expense.
All life feels exhausting at a pace like this, maddening to survive
Simply put, it’s about how you choose to spend your time rather than to work and make money. Once you have “enough money” to be happy, you realize it’s about what you do to contribute and build rather than just to keep making more money.
The point about passive investing is quite well made. It's one reason why I imagine those who inherit their wealth probably have quite a different mindset. Once a family has accumulated enough wealth, so long as members are financially responsible (which it is easier to be when you are raised that way, never have to rely on credit and have financial advisors) and the family doesn't have so many kids the wealth is diluted, then it's straightforward to stay rich and get richer. And the wealthier you get, the harder it is for spending to make a bent in yearly returns.
I would imagine declining fertility rates probably do encourage wealthy dynasties to maintain their wealth for that reason, although I'm not actually sure how fertility rates break down by socio-economic status within countries - I think there's some evidence the very wealthy have somewhat higher fertility than the middle classes.
They do have higher fertility due to having better health care than most people who are not wealthy especially there access to better food and different ways to maintain better stress levels
Teşekkürler.
According to the 4% rule, $1 million dollars for retirement means you could only safely withdraw $25k per year. That's only 1/3 the median household income.
*40k per year
And you get social security.
Pay off your house first you dingus. Then 33% of your budget opens up.
@@LeviForWaifu Paying off your home is one of the worst moves you can make, as many safe passive income sources such as index funds can generally be expected to exceed the APR of a low interest mortgage in long term average returns. If your housing payments are too high, you should consider downsizing to a smaller home, possibly even (gasp) an apartment.
@@FullLengthInterstates No, it's definitely not one of the worst things you can make. Reliability is much more important for retirement, than just pure growth. Your own home is far more valuable (especially if you stopped working), than some index funds that will lose like 20% of it's value when next never-seen-before crisis hits. It's amazing how much faith people have into "safe" passive income sources just 3 years after covid
Whoa whoa whoa.. we all know the REAL reason.. they sold their soul to the devil payable upon death or retirement.
😂
A naive question to which there is an obvious answer: they'd miss ordering people around all day. Power is a drug.
Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.....Thanks to Kristy Loreca the lady you recommended me to.....
That's awesome!!! I know nothing about investment and I'm thinking about getting started. What are the strategies?
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
No doubt!! I never knew Kristy Loreca had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
*Please i'm new to this, how can i get her assistance?*
*SHE'S MOSTLY ON TELEGRAMS WITH THE BELOW NAME*
Finally congrats on 1million subs!
“Self-Made” meaning people like Musk, who was able to start his business thanks to his family’s money. Most of those billionaires haven’t needed to work a day in their lives.
No American has worked a day in their lives
@@amireallythatgrumpy6508 Say that to welders
Oh stop it just because you see Hollywood doesn’t mean it sums up the rest of this bs country we live in
There are some genuinely hard working Americans @@amireallythatgrumpy6508
@@AYAKXSHI Okay, maybe a few. But definitely less than 1% of the population.
Nonsense. He made his billions by founding many companies which he sells off to find bigger and bigger companies.
If being Elon is so easy, ask why there are no equivalent Tesla and spacex.
It's about remaining powerful & relevant.
Running a business provide "thrill and excitement" due to uncertainty, fulfilment of "survival- instinct" due to competitive nature, a sense of being "recognised and valued" due to success of business and accumulation of wealth, an escape of boredom due to "challenges" faced by business, etc.
Steve Ballmer was an absolute hero, he may not have made the company the most profitable for shareholders but Ballmer really cared about consumers and developers and always tried to make Microsoft the best company for us consumers. Ballmer was also a much better boss than Gates ever was, he earned his spot.
If what you say is true, then he might very been *fantastic* for shareholders in the long-term. Look at where GE was in the 90s, now look where it is now. The mindset it by the end of the century - contrary to the way it did business for decades - was quite profitable for shareholderswin the short-term but it nearly ran the company into the ground.
7:00
What if you lock in a low interest rate due to having insane collateral, and then just make minimum payments and then simply die with the debt?
Hello HMW, I'm 49 and earn about £2M per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy. Whats your take on investing in real estate, stocks or Gold? Here for ideas...
You need a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
Check out fidelity or some other investments if you want to. Otherwise, cd's from the bank are a reliable way to continuously earn interest. Just beware the different versions, retirement savings, like an ira, have specific requirements, and because of such, can and should be only accessed when: your around 50 years old and have had the account for over 6 years. Otherwise you get taxed in addition to a 10% penalty. Cd's roll over and can only be accessed at certain times, such as the end of the roll over unless your willing to pay severe penalties.
Finally, regular investment accounts in stuff like fidelity, if invested a certain amount of years without any withdrawals, will get you lower tax deductions when you actually need to take it out.
All in all, there are plenty of options available. The one thing people mention in relation to this is inflation. Inflation slowly kills the value of your money. Spending it somewhere along these lines helps stabilize it, if invested in a stable place like for me, the snp 500, or, the more risky spy which copies the snp over stocks.
Shut up.
Shut up this is a scam post
Please dont ask in a comments section, hire someone to help you with finances, a actual reputable accountant
It would be fun to run a company. Even much smaller companies I worked places where even if it stressed them out at times the people in charge loved it. It’s significant different from being a wage slave.
Power is never given, it is taken
Intriguing video as always!
I'd like to add a 4th:
4. They are "unicorns" who understand the importance of becoming the ultimate humans who love their journey and wouldn't want to do anything else during their day to day...
It was like this for many of the Great Depression generation. Many of them continued to live extremely frugally in their retirement, even though they had tons of money saved away. Many people didn’t realize how wealthy these people were until they died and left a sizable inheritance behind! Habits you learn when you are young often follow you into old age.
I think a lot of billionaires got there through greed and an enormous amount of luck and since they genuinely don’t know how it happened they think it’ll just evaporate if they stop doing exactly what they’ve been doing for the last 30 years. It’s sad and pathetic and hurts literally everyone involved, but have you worked with regular old people who are old enough to retire? They all hate their spouses and are terrified of just being home and enjoying being alive. The young silent generation/eldest boomers are really not OK since none of them ever considered therapy once in their lives.
since i was a kid, i knew i was never going to retire. it completely changed the way i view my career, and the choices i have made. i recognize that i will, eventually, stop, but it will not be until i am literally unable to continue.
now - that does not mean that i will be calling the shots at my companies. i fully recognize that there are likely many people who are more capable of operating my firms than i am. my job is to find them, pay them handsomely, and make sure that they and their potential replacements are on my payroll. i know damn well that almost all of them will leave. some of them will leave, before i am ready for them to leave. some of them will leave because i will recognize that they are not the right person for the job.
Australians get 12% of their Salary quarantined into a retirement fund called Superannuation, and it's been that way since 1992. Goes with every job you have, even teenage casual positions. Mostly you can't withdraw it, but it is your money, and you've a wide range of options in how it should be invested, and which company you choose to invest it with. When you apply for a job, they don't advertise the compulsory Super in the ad. So if it's a job for $100k, you'll actually receive $112k. It also means there's a large pool of money to invest in Australian projects. I think it's a good system, but you're screwed if you're not working, because no Taxpayers will be interested in supporting you once you're old if you haven't looked after it.
They are Billionaires because they are passionate about what they do and the best at it
This video has said what I long suspected.
Reason #3 in this video is key. A billionaire's work is in many ways less stressful than an ordinary workers. A billionaire doesn't do the dirty work like put up with customer complaints, tech issues, or fudging through files. Meanwhile, an ordinary worker doesn't have any sway within the company, and isn't allowed to contribute any new ideas or creativity into the company.
A CEO can make the role exactly what they want it to be, while the worker is beholden to whatever the CEO wants. Through all of the jobs I've worked, I've learned that mundane work is much, much more draining than the exciting work.
I can't imagine that making big, strategic decisions or appearing on TV all the time is more draining than making PowerPoint presentations or managing your companies email marketing.
They’ve cracked the code they’ve won it’s fun why would you want to stop, people that want to quit , quit because they lost and are defeated, these guys are loving it
Bullshit
There’s some truth in that. I once had a dream job that I loved. It lasted only 4 years before some guy with a grudge set me up to get rid of me. I never found a good job again, so retired. I made a lot doing a fun job.
People who love what they do will likely keep going, and I doubt people make tens of millions or more while miserable.
@@nunyabidness3075 exactly, it a lot of people really find there thing and if they do it might not yield great wealth and power, these people in the post found there thing got really good at it and are making a killing it must be very fun and rewarding for them, that’s rare I don’t blame them for hanging on for dear life
You missed the purpose question. Men tend to get depressed without purpose. So if you built a company and it has become the core pillar of your personality, letting go isn't a money issue.
I think you discount one potential option. Purpose. Some people believe they were destined to do that which they’re the best at. What would 90 year old Warren Buffett do with his time? He sees running Berkshire as his life’s work. His purpose for living. Not everyone wants to spend every day waking up at 11 am on a beach and drink Mai tais until after dinner for years on end. Some people find purpose in their work. You can disagree with that, you can think it’s dumb. But it’s a very plausible explanation for why successful people continue to do the things they love, long after they don’t need to anymore.
Yup infact it’s been proven that’s how we function as humans mentally when we see success and fully embrace what we are good at wholeheartedly we will never stop until the very end
Why retire when they are not even working? These people aren't exactly laying brick or digging holes with a shovel for a living. They are dressing in suits, talking and signing papers. Dont need a healthy and young body for that workload.
Dang, I didn’t realize there were so many impediments to cashing out.
A sense of social detachment is a huge variable in financial success. Also, many billionaires do not relish in the spotlight. Some like the thrill of being thee guy in the room while others just want to go to the beach and enjoy the sails.
Some people stay for the power and ego. Some stay because they enjoy what they do.
That's why I really admire Buffett who still lives simply and only keeps on doing what he does because he likes the craft.
Did you watch the how money works video that is title why billionaires pretend to be poor? what Buffett doing is just a front so you won’t think l less of him.
Maybe the true sigma grindset is being rich and smart already
@2:45.. it's not how money works it is more of.. how the top people are making money work for them
life is not about money, its about life setup.
Yeah Dan Bilzerian was right all along. The only thing he's ever said that I agree with.
7:30 it says indian unicorns startups. So it is not global and only tech cos.
I wouldn't ever want to retire either if I was the head of a major business. Retiring is for people who are done.
When you are in your deathbed your not going to say, " I wished I would of worked even more"
The newsletter link doesn't work, it says server not found
Billionaires are operators of the system, so inclusive that they aren't replaceable by the next generation, there ego is bonded into how things are working right now, they aren't able to leave there ego behind, they wait until it will be taken.
People know how to attach, but they forget to learn how to detach, thus creating chaos and loosing equilibrium...
They are on the hedonic treadmill. Miserable people eternally searching for happiness in the wrong places
I think also you build such a deep talent stack combined with experience through different market conditions, who can you really hand the reigns to?
Quiet part out loud is a majority of businesses fade off and die after a successor.
The incompetence and corruption that runs through this administration is ridiculous. I feel for the disabled not getting the help they deserved. People who are not in the market right now are missing lots of opportunities, imagine investing $2000 and receiving $7,300 in 4days.
Crypt0 is coming with another revolution in the world economy. People who are "Optimistic Investors" will earn enormously.
I would really love to know how much work you did put in to get to this stage. What’s the strategy?
I work with Dora Hobbs.
Got her info on ABC News in December 2022 and started following her lead and it’s favoring me. Lost my job in April 2022 and right now I'm back on top again as I always win with her strategy.
Dora’s success story is everywhere no doubt. This was exactly how I got her recommendation last month. So happy I gave a trial after being skeptic of the process.
PLEASE HOW DO I GET ON THIS?????
How to reach her I’m interested 🙏
I been semi-retired like 4 years after HS. My plan is move where all the places I like to visited before I die. I finish that quest at age 56, I'm currently now 60. I rented all the time as I was traveling. Easy to pick up and leave and start another quested. I never saved up a Nest Egg. But that doesn't mean I wasn't saving. I was saving funds to travel from place to place. Town to town, city to city, state to state. I always called it the Golden Goose Egg. Between jobs the funds I saved up, where my off days from working. This gap can be 1-3-6-9 months. It also can be a gap like 1-3 years. My longest gap between jobs was 2 years and 9 months. I finish my quest at age 56. So it's time to settle down. First off I been debt free since I was 36. Paid cash every since and still am. I bought my first house at age 56 in cash. Debt free, no substance abuse, no kids, no wife, not even went to college. I also do side hustles. Been doing side hustles since I was 13. At 60 still doing side hustles and will continue doing so until death. I did finish my bucket list. But doesn't mean I can't add a few more, which I have. I just now have a home to go to. So vacations I go. Might even buy another property sometime down the line as a vacation location. Will see.
Willing to join your team as an writer
'a' not 'an', astonishingly embarrassing considering the context 😅
Don't quit your day job
@@TrueLife..I think thats the joke
@@RooiValk11possibly lol
@@TrueLife.. wosh