I am widowed and I live on Social Security. I do have a small amount of investments which I try extra hard not to touch. Like you, I should have started saving/investing long before I did. I am blessed to own my home and car. I have no debt. BUT, it does get hard sometimes to live on just Social Security. I can't change the past. I must live frugally. I thank God every single day that He provides for me immeasurably. Diane
Kids today have "save for retirement' drilled into them at an early age. Our generation sure didn't, and it was a different world back then, with many families getting by on one income. Oh, if I could give my 20-something year old self a swift kick in the behind, but back then, retirement seemed SOOOOO far off... sigh!
???? I was going to try finding a smooth way to start losing a considerable amount of weight....and now read your "really slimming down" comment . Compare USA-MIDDLE-AGE ADULTS to those in every other part of the world. Research : at least 5,000 steps per day. 'could have taken a few hundred today, instead of being motionless at the table.
Everyone's journey to retirement is different, and there ARE a lot of 'what-if's'. Be proud of the progress you've made and keep doing the best you can with what you've got! I think many in our generation started getting serious about saving, later in life, for all KINDS of different reasons. Hindsight is 20-20, but it's also in the past, and you're right, all you can do is move FORWARD and do the best you can. Slowly, but surely, we've GOT this!
Hi Dawn, what you stated at the end of your video is so true. What’s done is done from the past, and all we can do is hopefully learn from past experiences not to repeat the mistakes.❤
I live in a predominant Amish community. And they don’t retire. That being said, they just cut back on their work as they age. I don’t think we were meant to just retire and sit on the couch or sit on the beach. We need to keep busy and that could be working for yourself and making your own hours. My husband will retire from his “9-5” job next year and he’ll continue to work for himself. He’s a builder by trade. And there are lots of people who need new decks built, drywall, putting up gutters… things like that. But like you Dawn, we have zero debt. No mortgage. And that is extremely helpful !
Love how you are human and have made mistakes but you're always so honest and upfront about them. I'm sure you will be fine by retirement as you have your head screwed on the right way. Good luck with your health issues ❤
None of us are perfect and we all make mistakes. I failed big time at least twice - made a 6-figure salary but never saved or invested and blew my entire inheritance. I finally took responsibility for my financial security at age 60 by paying off all my debt, building an emergency fund, spending below my means and launching my own business to supplement my pension and SS benefits. I can’t change my past, but I can change my future!
I think you have a good plan. You know what makes you happy. The past is the past, and who doesn't have regrets? No one knows what tomorrow brings. We can prepare as much as possible; but, in the long run, it's in God's hands. Love to all, Linda 💕
Completely unrelated to the content, which is great!... but I love that top. You look fabulous, my friend! Now about the content... I plan to take my social security as soon as I can, even though it will be lower. I have some health conditions and want to enjoy some of my life. I may need a side hustle, but at least I won't be burning up every hour of my life at a job I don't enjoy. "The past is gone. I'm moving on." I'm printing that out and putting it on my wall. Wishing you love and light, as well, Dawn. I'm binge watching and you always make me smile.
I had to retire at 58 from nursing due to serious family issues. 65 now and my husband is still working and my kids are in their early 20s and live at home, one disabled. I only worked at one place that gave me a pension, but it covers my health insurance also for my family. Luckily we are all pretty healthy and don't use it. My pension is only $430 a month after that and I took my social security two years ago. We honestly thought we had saved enough but the last two years have forced us to take some savings, with two cars needing replacement due to accident, $35k in unreimbursed home repairs and roof, $6k in car repairs and the overwhelming increase in the price of everything. On paper it looked like enough but two years of horrible emergencies and the general downturn in the economy have me scared.
The best way to lose weight that I've found is to give up sugar and grains (which turns into sugar in your body). Also, avoid high fructose corn system, which causes you to add belly fat.
You have a great attitude. This is what I strive for too. Don't look back, you aren't going that way. I wasted huge amounts of money for most of my life, but guess what, I'm not now, so I just move forward day by day. :)
I'm widowed and 65. Before my birthday, I went to the social security office to discuss my options. I have been taking my ss from my years of working, before I became a stay at home Mom. This has been a huge help., and I qualified for my Medicare. Next year at 66 and 6 months I can get my late husbands full ss. I am so thankful for that, and that my husband planned for our future with investments.
I think the issue is not retiring to do nothing but to retire to continue 'living' the best life. I am 73, retired at 60 to be full time carer to my mother. I saved regularly and am financially secure with my savings and her apartment sale. So now I have a house in a tropical rainforest trying to be more self sufficient. The creatures get fed better than me but I am practicing various methods of cultivation, researching, exercising, live my nirmal life if a little slower. I take no medicines, vitamins, no glasses. My parents who died at 90 and 92 did not take anything either. Basically all I do is keep changing my job!
"The past is gone I am moving on" I will be borrowing this phrase from you Dawn. Exactly what I am doing. Started late savings and investment and I love to work. Plan to work as long as I have good health. Keep my mind occupied and body moving
None of us really know if we truly have enough to retire because we don't know which way our health might go... Despite healthy diets and exercise that doesn't mean that we are not going to get a cancer diagnosis or be injured in a car accident.. My lives in Phoenix Arizona.. She was one of dozens of people this placed in a fire last Sunday.. She lost everything.. She got out with her life her dog and her company laptop....
You are doing the best you can Dawn. Sounds like you've got a great plan. I believe we should try our best, and have faith in God that he will take care of the rest.
The “enough” is so personal. The main thing is to have NO debt when you retire. I was able to retire at 62 because we planned accordingly and even put our two children through college. The other important element is of course your health and the cost of supplemental medical insurance.
We appreciate you also .I always worry about the future . We are saving finally and are debt free however we still pay 1000.00 rent in senior apt. And I’m very frugal in all areas except food I can not stay in a budget 🙁🙁. Love your videos as always , love Lynn (Rays wife )
I live on social securty too. I rent an apartment where my rent it's 30% of my income. I just finish paying some debt I'm finishing paying it off in two months and then I'm planning to build wealth. Dawn you are doing really well. Your videos are so encouraged to me it has helped me manage my finances and I thank you so much for that. ❤ Arida
My dad retired a few years after my mom died. His 2nd wife is a few years younger and continued to work. Dad watched TV. He got old, quick. Thats why we moved to our little hobbie farm. The reduction in food costs helps, yes, but thats not we did it. Its really to just keep active as we age. We both want our minds and bodies to keep in shape and our current lifestyle will do that for us.
I agree we have to have something to get up in the morning for. My parents retired in their 50s (with full pension after 30 years with the same company). My mom kept very busy with various activities and hobbies. My dad, not so much. I think he was very bored honestly and he did seem to age very fast. We do not want to work for money after we are retired, but we know we will have to keep busy with meaningful activities.
Did you realize that George Kamel did a clip of yours on his show today? I was listening, and I heard your voice! He is one of the Ramsey personalities if you don't know who he is. It was so exciting!
IMO, taking care of your health right now is the best thing you/anyone can do. Medical expenses these days can destroy our finances. Good health is never guaranteed, but we can at least do our part.
My mental health apart from money is why I work , I only work part time my husband works full time , he’s 62 and I am 60 , we both would like to work as long as we can ,
I appreciate all of your tips. We have all made mistakes. It’s hard for all of us. I have friends who have retired and those who can’t. I know of some who have had to go back to work. We are ok now. I pray it stays that way for us. I feel very fortunate at this time
I agree. Same with investments. I'm not saying a person shouldn't do either, but people are so dependent upon these things to take them through their latter years. For most people it probably works fine, but I've seen the other side as well. I think we should do our best in any way possible that works for us. My husband and I, 62 and 60, don't plan to 'retire' in the traditional sense of the term, not just because of money, but to stay actively involved in life. Currently I have a part time job and I sew for people from my home, my husband has always had his own business. So yes, we're more dependent upon ourselves now and for the future, but that doesn't mean we don't invest or save, it just means we're trying to be as versatile as possible for as long as we are able and enjoy it. We don't make a lot of money and sometimes it's a struggle to take care of everything, but we enjoy the versatility and flexibility. I know it's not for everyone
Do your research and be as wise as you can be, if you need ALL of the money you are trying to save for your older self. A thought to consider for people who are older, and feel the urgency of putting all of their savings into the stock market to "catch up." The problem is the stock market bounces around like a red rubber ball;- use it, but don't put more in the stock market than you can afford to lose. Because if the stock market holds 100% of your funds, and drops by half (or more, which it has done twice since 1999), the seniors may not live long enough for the stock market to recover those losses and then grow further to meet future financial needs. This is an error we could easily make. If you have enough wealth to cover all of your life expectancy, and that no matter what the stock market does, you are really growing your money for your heirs - that is an entirely different matter.
@@sjbutler2330 Yes! We are dealing with an elderly parent and it is very eye opening how expensive those assisted living facilities are. (Not a nursing home, but assisted living which people typically need years before they need a nursing home). Depending on the level of care needed, at least $4,000 per month at a minimum, but easily can get up into the $5-$6k range per month. Only people with some decent savings are going to be able to swing that, even with SS income factored in. The only other option is depending on family to help, but that is not always an option for a lot of people. That is really what "retirement" savings are for, not really for going on cruises and such!
I am 56 and not much hope of retiring for a while. I own my house and car so I am debt free. However like you I should have started saving in my twenties. I can retire at 67 as I have superannuation however it seems like a long, long time away. I want my freedom and would happily retire today😊
I am 56 live on pension rent government house the pension is not enough work on my mental health emotional health weight mental health but I do have $120 per month and 12 month fully funded emergency fund which includes intrest and two other small sources of income yes keep my mind active I trust Gid
In your situation and planning to continue working part-time, I would estimate how much additional money I would need to supplement my monthly income at 67. Then I would use the next 8 years to accumulate what I could in order to postpone taking Social Security for as many months as possible. Since those last 3 years increase your SS benefit amount by 8% annually, every month you can delay will bump up your benefit substantially! If necessary, I'd utilize some of the savings/investments to further delay, knowing the higher payments would allow me to build the savings back up.
Did you say you were a teacher? There’s a need for teachers. You could do ten years with full benefits and perhaps a small pension. And have the flexibility to do demos during the summer.
I have a friend who retired from her corporate career, and got a job teaching 3rd grade. She is 62 and she loves it. She is planning to fully retire next year.
Dawn realistically eventually you and your other sibling Will inherent money or property some day in the future from your father more than likely. This way you will probably be fine. 🌼
@@sueh6287 Yes, my parents had a healthy retirement savings, but it was severely depleted with paying for assisted living care. At one point they were paying $6,000 per month just for the facility, that didn't include health care related expenses like medications, or personal care items like clothing, haircuts etc.
I love your attitude: "The past is gone and I'm moving on."
You are doing the best you can do and that's all any of us can do. Best wishes 😊
I am widowed and I live on Social Security. I do have a small amount of investments which I try extra hard not to touch. Like you, I should have started saving/investing long before I did. I am blessed to own my home and car. I have no debt. BUT, it does get hard sometimes to live on just Social Security. I can't change the past. I must live frugally. I thank God every single day that He provides for me immeasurably. Diane
Thanks for sharing!
@@jimmiepatrum amen !!
Kids today have "save for retirement' drilled into them at an early age. Our generation sure didn't, and it was a different world back then, with many families getting by on one income. Oh, if I could give my 20-something year old self a swift kick in the behind, but back then, retirement seemed SOOOOO far off... sigh!
You are really slimming down! The OMAD plan is working for you. ❤️
Yes! Thank you!
????
I was going to try finding a smooth way to
start losing a considerable amount of weight....and now read your "really slimming down" comment .
Compare USA-MIDDLE-AGE ADULTS to
those in every other part of the world.
Research : at least 5,000 steps per day.
'could have taken a few hundred today,
instead of being motionless at the table.
Taking things day by day and doing the best you can... sounds like a great plan to me!!! 😊❤
Sounds like a great plan. 🎉
Everyone's journey to retirement is different, and there ARE a lot of 'what-if's'. Be proud of the progress you've made and keep doing the best you can with what you've got! I think many in our generation started getting serious about saving, later in life, for all KINDS of different reasons. Hindsight is 20-20, but it's also in the past, and you're right, all you can do is move FORWARD and do the best you can. Slowly, but surely, we've GOT this!
Hi Dawn, what you stated at the end of your video is so true. What’s done is done from the past, and all we can do is hopefully learn from past experiences not to repeat the mistakes.❤
Absolutely!!
You want to "be a source of encouragement, love, and light to each and every one of you." And, you are. What a beautiful mission. Thank you.
Wow, thank you
You are such a wise and sweet lady.i I love you Dawn
I love you too
I live in a predominant Amish community. And they don’t retire. That being said, they just cut back on their work as they age. I don’t think we were meant to just retire and sit on the couch or sit on the beach. We need to keep busy and that could be working for yourself and making your own hours. My husband will retire from his “9-5” job next year and he’ll continue to work for himself. He’s a builder by trade. And there are lots of people who need new decks built, drywall, putting up gutters… things like that. But like you Dawn, we have zero debt. No mortgage. And that is extremely helpful !
I love this comment
Thank you for being so honest. We all do the best we can do. That’s all we can do. ❤
Love how you are human and have made mistakes but you're always so honest and upfront about them. I'm sure you will be fine by retirement as you have your head screwed on the right way. Good luck with your health issues ❤
I appreciate this comment
None of us are perfect and we all make mistakes. I failed big time at least twice - made a 6-figure salary but never saved or invested and blew my entire inheritance. I finally took responsibility for my financial security at age 60 by paying off all my debt, building an emergency fund, spending below my means and launching my own business to supplement my pension and SS benefits. I can’t change my past, but I can change my future!
It sounds like you have gained a lot of wisdom to share, especially with the younger generation.
Love this
Thanks for the helpful information. My Husband is retired and I'm disabled. We have savings, and live a frugal life. Happy Thursday Everyone ✌️
Wonderful
I think you have a good plan. You know what makes you happy. The past is the past, and who doesn't have regrets? No one knows what tomorrow brings. We can prepare as much as possible; but, in the long run, it's in God's hands. Love to all, Linda 💕
Completely unrelated to the content, which is great!... but I love that top. You look fabulous, my friend! Now about the content... I plan to take my social security as soon as I can, even though it will be lower. I have some health conditions and want to enjoy some of my life. I may need a side hustle, but at least I won't be burning up every hour of my life at a job I don't enjoy. "The past is gone. I'm moving on." I'm printing that out and putting it on my wall. Wishing you love and light, as well, Dawn. I'm binge watching and you always make me smile.
You are so sweet
You are so fun to listen to and you have a heart of gold.. It is so inspiring to hear your opinions and also read the comments on your channel.
Thank you so much!
I had to retire at 58 from nursing due to serious family issues. 65 now and my husband is still working and my kids are in their early 20s and live at home, one disabled. I only worked at one place that gave me a pension, but it covers my health insurance also for my family. Luckily we are all pretty healthy and don't use it. My pension is only $430 a month after that and I took my social security two years ago. We honestly thought we had saved enough but the last two years have forced us to take some savings, with two cars needing replacement due to accident, $35k in unreimbursed home repairs and roof, $6k in car repairs and the overwhelming increase in the price of everything. On paper it looked like enough but two years of horrible emergencies and the general downturn in the economy have me scared.
Most what if’s never happen! Day by day is the best we can do💜😊💜
The best way to lose weight that I've found is to give up sugar and grains (which turns into sugar in your body). Also, avoid high fructose corn system, which causes you to add belly fat.
You have a great attitude. This is what I strive for too. Don't look back, you aren't going that way. I wasted huge amounts of money for most of my life, but guess what, I'm not now, so I just move forward day by day. :)
Yes! Thank you!
You are so common sense . I love your videos 🥰
Glad you like them!
I'm widowed and 65. Before my birthday, I went to the social security office to discuss my options. I have been taking my ss from my years of working, before I became a stay at home Mom. This has been a huge help., and I qualified for my Medicare. Next year at 66 and 6 months I can get my late husbands full ss. I am so thankful for that, and that my husband planned for our future with investments.
Very smart
I think the issue is not retiring to do nothing but to retire to continue 'living' the best life. I am 73, retired at 60 to be full time carer to my mother. I saved regularly and am financially secure with my savings and her apartment sale. So now I have a house in a tropical rainforest trying to be more self sufficient. The creatures get fed better than me but I am practicing various methods of cultivation, researching, exercising, live my nirmal life if a little slower. I take no medicines, vitamins, no glasses. My parents who died at 90 and 92 did not take anything either. Basically all I do is keep changing my job!
I would love to visit you
I'll have you forever. God bless you honey. ❤
Money Mom you’re famous! You got a shoutout on George Kamel’s (Ramsey) video!!!!! ❤❤❤❤❤
ua-cam.com/video/jSOaaWBJVlQ/v-deo.htmlsi=RP6GosGot6fTxLCk
I like your blouse Dawn, you look nice 😊
Thank you so much
"The past is gone I am moving on" I will be borrowing this phrase from you Dawn. Exactly what I am doing. Started late savings and investment and I love to work. Plan to work as long as I have good health. Keep my mind occupied and body moving
Go for it
You made George Kamel's UA-cam today! Congrats!
Yay! Thank you!
None of us really know if we truly have enough to retire because we don't know which way our health might go... Despite healthy diets and exercise that doesn't mean that we are not going to get a cancer diagnosis or be injured in a car accident.. My lives in Phoenix Arizona.. She was one of dozens of people this placed in a fire last Sunday.. She lost everything.. She got out with her life her dog and her company laptop....
So well said
You are doing the best you can Dawn. Sounds like you've got a great plan. I believe we should try our best, and have faith in God that he will take care of the rest.
Love this
The “enough” is so personal. The main thing is to have NO debt when you retire. I was able to retire at 62 because we planned accordingly and even put our two children through college. The other important element is of course your health and the cost of supplemental medical insurance.
I’m 49 and I’ve been on a diet since I was 20 years old. On and off on and off.
I agree
We appreciate you also .I always worry about the future . We are saving finally and are debt free however we still pay 1000.00 rent in senior apt. And I’m very frugal in all areas except food I can not stay in a budget 🙁🙁. Love your videos as always , love Lynn (Rays wife )
I love ❤️ you.
Sounds like a great plan.
I live on social securty too. I rent an apartment where my rent it's 30% of my income. I just finish paying some debt I'm finishing paying it off in two months and then I'm planning to build wealth. Dawn you are doing really well. Your videos are so encouraged to me it has helped me manage my finances and I thank you so much for that. ❤ Arida
I appreciate that
On another note, you look gorgeous, dear Dawn! Love you! 💜🤩🥰
Oh thank you!
My dad retired a few years after my mom died. His 2nd wife is a few years younger and continued to work. Dad watched TV.
He got old, quick.
Thats why we moved to our little hobbie farm. The reduction in food costs helps, yes, but thats not we did it. Its really to just keep active as we age. We both want our minds and bodies to keep in shape and our current lifestyle will do that for us.
Love it
I agree we have to have something to get up in the morning for. My parents retired in their 50s (with full pension after 30 years with the same company). My mom kept very busy with various activities and hobbies. My dad, not so much. I think he was very bored honestly and he did seem to age very fast. We do not want to work for money after we are retired, but we know we will have to keep busy with meaningful activities.
Did you realize that George Kamel did a clip of yours on his show today? I was listening, and I heard your voice! He is one of the Ramsey personalities if you don't know who he is. It was so exciting!
I was so shocked..
@@CentsibleLivingWithMoneyMom Did you watch it? It was amazing! It was so funny
IMO, taking care of your health right now is the best thing you/anyone can do. Medical expenses these days can destroy our finances. Good health is never guaranteed, but we can at least do our part.
I agree
@@oldegoatee8450
I once read that 85% of overall illnesses and diseases can be prevented.
My mental health apart from money is why I work , I only work part time my husband works full time , he’s 62 and I am 60 , we both would like to work as long as we can ,
I appreciate all of your tips. We have all made mistakes. It’s hard for all of us. I have friends who have retired and those who can’t. I know of some who have had to go back to work. We are ok now. I pray it stays that way for us. I feel very fortunate at this time
Thank you
IMO pensions are overrated. When a company goes under the pensions typically go with it.
or they find a way to screw you out of it.
I agree. Same with investments. I'm not saying a person shouldn't do either, but people are so dependent upon these things to take them through their latter years. For most people it probably works fine, but I've seen the other side as well. I think we should do our best in any way possible that works for us. My husband and I, 62 and 60, don't plan to 'retire' in the traditional sense of the term, not just because of money, but to stay actively involved in life. Currently I have a part time job and I sew for people from my home, my husband has always had his own business. So yes, we're more dependent upon ourselves now and for the future, but that doesn't mean we don't invest or save, it just means we're trying to be as versatile as possible for as long as we are able and enjoy it. We don't make a lot of money and sometimes it's a struggle to take care of everything, but we enjoy the versatility and flexibility. I know it's not for everyone
Do your research and be as wise as you can be, if you need ALL of the money you are trying to save for your older self. A thought to consider for people who are older, and feel the urgency of putting all of their savings into the stock market to "catch up." The problem is the stock market bounces around like a red rubber ball;- use it, but don't put more in the stock market than you can afford to lose. Because if the stock market holds 100% of your funds, and drops by half (or more, which it has done twice since 1999), the seniors may not live long enough for the stock market to recover those losses and then grow further to meet future financial needs. This is an error we could easily make. If you have enough wealth to cover all of your life expectancy, and that no matter what the stock market does, you are really growing your money for your heirs - that is an entirely different matter.
Or for your future Nursing Home!!
@@sjbutler2330 Yes! We are dealing with an elderly parent and it is very eye opening how expensive those assisted living facilities are. (Not a nursing home, but assisted living which people typically need years before they need a nursing home). Depending on the level of care needed, at least $4,000 per month at a minimum, but easily can get up into the $5-$6k range per month. Only people with some decent savings are going to be able to swing that, even with SS income factored in. The only other option is depending on family to help, but that is not always an option for a lot of people. That is really what "retirement" savings are for, not really for going on cruises and such!
Hopefully you’ll have an inheritance and your daughter will help support you when you are elderly, God willing
Good morning 🌄 blessings ☕
Good morning!
Thank you ❤
You're welcome 😊
I trust in God
I am 56 and not much hope of retiring for a while. I own my house and car so I am debt free. However like you I should have started saving in my twenties. I can retire at 67 as I have superannuation however it seems like a long, long time away. I want my freedom and would happily retire today😊
Well said!
We are lucky enough to have a for life military pension.
I am 56 live on pension rent government house the pension is not enough work on my mental health emotional health weight mental health but I do have $120 per month and 12 month fully funded emergency fund which includes intrest and two other small sources of income yes keep my mind active I trust Gid
May I ask - will your husband receive social security?
Yes, but not much
I only talk from my life experiences I don't know everything to
In your situation and planning to continue working part-time, I would estimate how much additional money I would need to supplement my monthly income at 67. Then I would use the next 8 years to accumulate what I could in order to postpone taking Social Security for as many months as possible. Since those last 3 years increase your SS benefit amount by 8% annually, every month you can delay will bump up your benefit substantially! If necessary, I'd utilize some of the savings/investments to further delay, knowing the higher payments would allow me to build the savings back up.
❤❤❤
God will reward me for good I do and may I be a light to everyone those that hurt me God can deal with them they have no reasoning to E hinest
What do you invest in. I know nothing about investing. I have no retirement either.
Stock market
I am not an investing expert
Dawn, playing what if game is only good for???
Eating one meal a day, are you hungry by night? I get so hungry about about 9-10 pm.
No, because I eat enough
I am new to the channel. Do you work at a store doing product demos like Costco? Just wondering.
Yes I do!
Did you say you were a teacher? There’s a need for teachers. You could do ten years with full benefits and perhaps a small pension. And have the flexibility to do demos during the summer.
Great idea
I have a friend who retired from her corporate career, and got a job teaching 3rd grade. She is 62 and she loves it. She is planning to fully retire next year.
Dawn realistically eventually you and your other sibling
Will inherent money or property some day in the future from your father more than likely. This way you will probably be fine. 🌼
That may occur, or the father's assets may be needed to pay for assisted living, nursing, or dementia care as it was for my parents and grandparents.
@@sueh6287 Yes, my parents had a healthy retirement savings, but it was severely depleted with paying for assisted living care. At one point they were paying $6,000 per month just for the facility, that didn't include health care related expenses like medications, or personal care items like clothing, haircuts etc.
❤❤❤❤❤❤