I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.
IGM James Winfield is he's name. He is regarded as a genius in her area and works for Empower Financial Services. By looking him up online, you can quickly verify he's level of experience. He is well knowledgeable about financial markets.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
When I was a novice, IGM James Winfield provided me with guidance, teaching me the fundamental principles of trading and sharing he’s daily signals and strategies, his courses are superb.
When you have a good skill, it is normal for you to be global and for your name to be recommended to many people and from what I heard about Josh Olfert, his strategies must be really good
I am quite frugal, but own a Porsche 911 turbo, and use it everyday. That my fun in life. The car gives my a lot of fun. Camino de Santiago is almost the best thing I have done in life. Starting Via de la Plata, from Sevilla to Santiago, a two months walk from mid April next year. Two month witout working, without pay, but it is worth it. Do the things that give you quality in life🙂
We are retired in Montana. We have 2 cars...a 2010 pickup truck and a newer Subaru. The Subaru is great for long mileage road trips while the old pickup is good for hauling sheetrock/plywood, plowing snow, etc.
My husband is 20 years older than me. he never wants to spend a dime even tho we have means. i want a new/newer vehicle!! He has a lack mindset and says "there's nothing wrong with the (old) ones we have now." It making me nuts. i just want to go car shopping with the thought that i can have anything i want. ive only owned one brand new vehicle in my life and life is too short to drive 10-20 year old vehicles when you dont have to!!!
My late husband was older than me, and frugal. When he worried about spending I would say, “Yes, we better save our money so our kids can have a good retirement.” His response: “Let’s go.” I am now 78, so glad to have happy memories.
Azul, really good stuff. I am 69, retired 2 and a half years ago. I continue to enjoy several hobbies. I am a league bowler, enjoy bass fishing, and ride a motorcycle. Spouse, hobbies and friends are super important in retirement.
Some of us retirees are perfectly happy driving 'practical' cars. I have a boring 14-year-old car that has plenty of room for my bikes, my skis, or all the other fun toys that I own.
I bought an e-bike a couple of years ago. One of the best things I ever bought. I ride it WAY more often than a would a regular bike. It's super fun. I ride it longer because riding at 18-20 mph is way more fun that 10-12 mph. Plus I'm still getting out and getting exercise. I look forward to it because it doesn't feel like a "workout." It's more like an amusement park ride. Highly recommend getting one.
love the car message! no one else is really saying this. i saved for and bought my fun car last year and plan to retire next year. That was all part of my plan - to get my dream car before retirement. insurance is costly so i store it in winter to save money and drive my other car(s).
Looking forward some of these things might seem a little strange, in hind sight looking backward this is the best advice you will ever get. Signed, Looking Backward. Good Job, Azul
I don't understand how some retirees don't have anything to do. To me, work is stopping me from doing what I should be doing. I have more than a lifetime's ambitions to explore, tinker, build etc.
As you age your congnitive abilities (concentration, memory, accuity, etc.) drops off. Sometime quickly. It makes it hard on many to focus and follow through.
Same here! 6 months away from pulling the trigger! Too many hobbies, not enough time with a job getting in the way! Just bought a sports car this past June, enjoying the hell out of it.
Recently retired at 57 with my wife (@ same age). We are active and love to open water swim. When we learned about guided swim vacations we signed up for our first one in Greece this year…and booked another one in Turkey next year. Great way to stay active, see the world from a different view point, meet new people, exercise daily, and enjoy the go go years. In my younger years, I wanted a convertible. Now? We want to invest in experiences and less on things.
I think your advice is spot on for the older generation. The younger generation is unfortunately, too skilled in living for today and not saving enough for tomorrow.
There is absolutely no way I'm paying over $50K on a car. I'm lucky, I "semi" retired in 2020 and I now work part time. I still have a decent income and the company allowed me to keep my company car. As a matter of fact, they just replaced my 2018 Explorer with a 2024 Traverse. So at 73, I am still saving money and don't have to purchase a 2nd car. I am having our bathroom remodeled to make it easier for old people to use, and I'm going to have carpet taken up and plank flooring installed. Plus, we persue our hobbies, go on vacation and visit the grandkids.
Another thought on a second vehicle....pick-up truck! It is fun to use it to help others with. It will also keep you active hauling things such as mulch or gravel and other materials for home projects. You can also haul fun toys like RV's, bicycles/motor bikes/jet skis... you get the idea!
This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
It’s amazing you were able to save that much during your active years. Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’Stacy Lynn Staples’’ for the last five years or so, and her returns have been pretty much amazing.
Insightful... I curiously looked up her name on the internet and I found her site, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Mazda MX5 - Miata, soft top or RF (retractable fastback). I just got the RF and am loving it! 2024 may be the last all ICE for the car as 2025 seems to be headed for some electric supplementation. So the 2024 is the year to get and, of course, with the 6 speed manual transmission (stick shift).
When I first got married 47 years ago we had one car and lived in a three room flat in the city. I bought a Mercedes this year. I will keep it ten years and thoroughly enjoy it. Wise life choices are imperative.
I retired at 55 in 2000,. Best thing i ever did, married to a wonderful woman 47 yrs. Now, 6 gkids and 1 ggkid on the way. Lifes good, drive a Acura rdx fun and fast to drive 279 hp v6 and economical.
We are very frugal in the country with the most expensive cars in the world (Singapore Honda Odyssey is US$182,000). So I retired. We moved 20km away - and now have 5 cars: 4700cc V8 VX Landcruiser, 300GD G-wagon, Lexus CT200h hybrid, Mercedes S-Class 280SE< Mercedes E-Class 260E. But these five cars are "used" so all these cars cost less in total than one new budget 1000cc car in Singapore.
Retired at 64 after a career in the military and Federal government and private firms. Nomad seven months a year traveling internationally…walked the Camino Santiago twice and the Italian section of Via Francigena… no regrets at 73 and still going.
I'm on the point of retiring in the UK and plan to get an annuity with most of my pension savings. However, I'd say that much of what having savings represents to me is security. That is a feeling I get everyday from looking at the current value. I hope that will persist with the annuity and it is worth more to me than the fleeting pleasure of blowing them on a holiday or whatever - or the even more evanescent and ghostly pleasure of looking back on the holiday.
Amen to keeping two cars! We decided (after the first one-and-a-half years of COVID) that we could get by with one vehicle. No details, but let's just say it was a failed experiment that lasted less than a year. To be fair, we live in the country about 15 miles from the "city" and three miles from the nearest town. Anyway, bought a new car in March, 2024, even though we had been determined to wait until 2025. Best money we've spent since retirement in 2014! We're both too active in activities at different points on the compass to make a one-car arrangement work for us. I can understand people that live in areas where conveniences and/or public transportation are easily available making the one-car decision. But if you're at all involved in activities or have frequent appointments outside your residence, keeping sane with two vehicles is definitely worth it. At least it was for us.
Thanks Azulejo wife been retired for 4 years I’m retiring now heading to Arizona from Alaska to live in our camper at a 55 an older RV park . Only for the winter. Any ideas r welcomed
my advice to you is to find things to do besides day drinking!! Those RV parks are full of people who just want to sit around and drink, and make their whole socialization around alcohol.
@@mikev4373 I'm just working on selling off one at the moment and as one of the existing cars is my wife's and the other is my son's will probably never get down to 2 but something in the range of 4-5 is what I am targeting. Some of the cars have been in the family as long as or longer than I have (the oldest was bought in 1957 and it was almost 30 years old then) so it would be a big deal to sell them now but I know eventually it needs to be done.
I'm looking forward to taking advantage of everything that is cheaper during the weekdays. Going to the gym and not having to cut it short because I have to go to work. No more daily commute in traffic
Great tips on leading a better life. I have treated myself to a convertible for the summer and truly find joy in it. That joy helps me refocus on the discipline needed to keep striving for my financial and health goals.
thanks for sharing the wisdom, I think I like to practice these things, but your reinforcement helps. More important, you just helped me feel less guilty about buying a new mountain snowmobile that was on a last model year closeout sale. My wife and I love to ride with our friends in our remote mountain town. She stays on the trail with the other ladies, who watch and laugh at their husbands trying to keep their youth by getting their machines unstuck from places they shouldn't have gone. LOL
I retired at 54, bought a used 981 Porsche Cayman S when I turned 68 and have enjoyed it immensely. Fast, great sound and handling and very reliable. Also, has not depreciated in value the way most cars do.
Thanks Azul! Your channel was key in my retirement 9 months ago, two years earlier then planned. I have had zero regrets! Your sage advice has guided me to a very happy retirement. Best!
I think it's important to spend money on your wife and help her family. Cheap Charlie is often a lonely character 😅. Don't be shy about taking a dip in the fountain of youth. I now have 42 years of experience being 24 and I know how it is.🎉
Like the fun car suggestion, when I retired I bought an Aston Martin and through the owners group my wife and I have got a new social group and events to go to.
Love your content, Azul. Late to the retirement game (just started saving money at 50!), but encouraged as I am socking it away... and trying to do things now in the youth of my golden years. Strange balancing act.
Good for you! I followed a similar path, but first I bought an inexpensive guitar at retirement. After I learned a bit, I bought a used Gibson Hummingbird from a respected local shop. I still stink, but it’s a lot of fun.
We got a Model Y our first year of retirement. Best, most fun car we've ever owned. People don't understand that Tesla's are muscle cars that can beat just about any gas car. Summon feature is the coolest thing ever. I love watching the faces when our driverless car backs out of it's parking space & picks up in front of the store.
lol. I don’t give a rat’s about cars. I drive a $20k car, first one I’ve ever bought new. I’ll spend lots on hotels, planes, restaurants, etc. but a car? No thanks. Just a way to get to the fun, but a terrible waste of money best spent elsewhere. Just me.
Solid recommendations, we’ve done a few of them and zero regrets. Upgraded our 20-year old RV to new, bought a nearly new truck to tow it (so great to have a truck instead of SUV now that it’s just the two of us). Renovated the kitchen and updated some other things including yard landscaping to suit our outdoor living. Walk 4-5 kilometres every day, wakesurf, cycle, play guitar, read tons, learn stuff on YT and other sources. We need to and plan to travel more. And oh yeah, the fun car is on the list - probably a 60s/70s muscle car or hot rod.
Thank you for your video, … you know,.. I can’t recommend Shellane Maxwell enough! When I first approached her, I was overwhelmed about retirement planning…Thanks to her guidance, I was able to restructure my investments and focus on high-yield options. Within just a year, my retirement fund grew by 55%
She also helped me create a savings strategy that allowed me to set aside an additional $10000 a month. Now, I feel confident that I can retire five years earlier than I originally planned. If you're serious about securing your financial future, Shellane Maxwell is the one to talk to
Wow I am suprise to see her mention here, after following her investment strategy, my retirement account grew from $500,000 to $750,000 in less than 6 month
If you can afford one get one - not a really expensive one - a 3 year old boxster 4.0 GTS will keep its value for the next few years and will be huge fun.
Purchase a 'fun car'. With respect, that's ridiculous. You're making big assumptions about the financial capacity of retirees. There are other ways people can enjoy themselves in retirement with throwing money at a financial black hole like a motor vehicle.
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.
Tesla “TSLA” shares surge with CEO Elon Musk's involvement in the US election seemingly pays off after President-elect Donald Trump's win. which stocks could potentially become the next in terms of growth over the next few months. I've allocated $350k for lnvestment, looking for companies to make additions to boost performance before retirement.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Greetings from Southern California Azul! I plan on saving all my cash and will be buried with it so I have spending money once I get to the other side! ✌️
As a 60 year old doctor my advice is do not wait until retirement to get that fast car, big trip, fun hobby. As soon as your nest is empty around say 50 make that darn bucket list and get to it. When you hit 65 or so you are fucked physically and mentally and may not have the drive or money necessary to aprecciate those dreams. I will stop travelling and doing the crazy stuff once that 1st check comes calling.
Great Stuff! I'm a retired company superintendent, I started watching your videos last year as a beginner before giving stock market a trial. I was able to make $121,500 in one month with a capital of $18,000 trading with an experience expert who guided me through out my trading.
If you have any recommendations or are aware of individuals or firms with a proven track record of success in this area, I would greatly appreciate any guidance you can provide.
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Jacqueline Felicia is my trade analyst, She has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
The market will always undergo changes and various challenges, so if you want fo reach your goals of $1Million, you have to be really focused and do your due diligence. Also having a financial consultant can be.
What he said is it depends on your family dynamics, if both husband and wife are happy with 1 car then that's ideal from a financial standpoint, but if the couple is more happy with 2 separate cars and you can afford it, then the price of family harmony is more important than finance.
Why not 2 or 3, if they are paid off… it’s always good to have a back up.. or if you live where there is snow, a good truck for winter and car for rest the seasons…
Depends on your resources, wants, and needs. I retired at 60 in January, sold my well-maintained 10-year old SUV to my son and bought a made-to-order new BMW X5. Best car I’ve ever driven. My wife still works at 58, and we bought her the convertible she always wanted (Audi A5). We moved to South Florida and she drives it every day and loves it. We haul stuff around with a 2014 Odyssey minivan. We have always bought nice (not always luxury) cars, but we typically keep them 8-10 years or more. To each their own.
We have 2 cars even thought we drive together much of the time. We are willing to pay for the option of doing things in spearate locations at the same time.
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.
I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.
IGM James Winfield program is widely available online
IGM James Winfield is he's name. He is regarded as a genius in her area and works for Empower Financial Services. By looking him up online, you can quickly verify he's level of experience. He is well knowledgeable about financial markets.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Wow, he’s track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
When I was a novice, IGM James Winfield provided me with guidance, teaching me the fundamental principles of trading and sharing he’s daily signals and strategies, his courses are superb.
Most people learn that "you just need a good job to get rich." These billionaires operate within a playbook that many don't even know exists
Growing your money in a bear market is an action
That's right, you have to put the money to work for you instead of working for the money
Same here, transfers from £4000 to £15400 in just 2 weeks, it's really the best
It seems that expert Josh Olfert never surprises me - I also trade with him, his strategies are top notch and I do not joke with him.
When you have a good skill, it is normal for you to be global and for your name to be recommended to many people and from what I heard about Josh Olfert, his strategies must be really good
I am quite frugal, but own a Porsche 911 turbo, and use it everyday. That my fun in life. The car gives my a lot of fun. Camino de Santiago is almost the best thing I have done in life. Starting Via de la Plata, from Sevilla to Santiago, a two months walk from mid April next year. Two month witout working, without pay, but it is worth it. Do the things that give you quality in life🙂
We are retired in Montana. We have 2 cars...a 2010 pickup truck and a newer Subaru. The Subaru is great for long mileage road trips while the old pickup is good for hauling sheetrock/plywood, plowing snow, etc.
My husband is 20 years older than me. he never wants to spend a dime even tho we have means. i want a new/newer vehicle!! He has a lack mindset and says "there's nothing wrong with the (old) ones we have now." It making me nuts. i just want to go car shopping with the thought that i can have anything i want. ive only owned one brand new vehicle in my life and life is too short to drive 10-20 year old vehicles when you dont have to!!!
My late husband was older than me, and frugal. When he worried about spending I would say, “Yes, we better save our money so our kids can have a good retirement.” His response: “Let’s go.” I am now 78, so glad to have happy memories.
Azul, really good stuff. I am 69, retired 2 and a half years ago. I continue to enjoy several hobbies. I am a league bowler, enjoy bass fishing, and ride a motorcycle. Spouse, hobbies and friends are super important in retirement.
Some of us retirees are perfectly happy driving 'practical' cars. I have a boring 14-year-old car that has plenty of room for my bikes, my skis, or all the other fun toys that I own.
I bought an e-bike a couple of years ago. One of the best things I ever bought. I ride it WAY more often than a would a regular bike. It's super fun. I ride it longer because riding at 18-20 mph is way more fun that 10-12 mph. Plus I'm still getting out and getting exercise. I look forward to it because it doesn't feel like a "workout." It's more like an amusement park ride. Highly recommend getting one.
E bikes are not a joke. They make riding bikes fun again. 61 year old kid.
love the car message! no one else is really saying this. i saved for and bought my fun car last year and plan to retire next year. That was all part of my plan - to get my dream car before retirement. insurance is costly so i store it in winter to save money and drive my other car(s).
67YO. Retired at 60. Spot on in every way. Purpose and learning are particularly important aspects. The car was a given!
Looking forward some of these things might seem a little strange, in hind sight looking backward this is the best advice you will ever get. Signed, Looking Backward. Good Job, Azul
Our fun car is our '64 Pontiac GTO. Just something about a 60 year old car to help you de-stress and relax in our beautiful country.
Thanks, I bought a sailboat when I retired.
I don't understand how some retirees don't have anything to do. To me, work is stopping me from doing what I should be doing. I have more than a lifetime's ambitions to explore, tinker, build etc.
Love it
Un manque d'imagination j'imagine?
Totally agree. So many things I love doing that work saps my time and energy for.
As you age your congnitive abilities (concentration, memory, accuity, etc.) drops off. Sometime quickly. It makes it hard on many to focus and follow through.
Same here! 6 months away from pulling the trigger! Too many hobbies, not enough time with a job getting in the way! Just bought a sports car this past June, enjoying the hell out of it.
Our fun cars are Teslas. Fast and really fun to drive. 0-60 in 3 seconds never gets old.
Same
Recently retired at 57 with my wife (@ same age). We are active and love to open water swim. When we learned about guided swim vacations we signed up for our first one in Greece this year…and booked another one in Turkey next year. Great way to stay active, see the world from a different view point, meet new people, exercise daily, and enjoy the go go years.
In my younger years, I wanted a convertible. Now? We want to invest in experiences and less on things.
I think your advice is spot on for the older generation. The younger generation is unfortunately, too skilled in living for today and not saving enough for tomorrow.
As we all were, til we got wiser. Such is the way of the world.
There is absolutely no way I'm paying over $50K on a car. I'm lucky, I "semi" retired in 2020 and I now work part time. I still have a decent income and the company allowed me to keep my company car. As a matter of fact, they just replaced my 2018 Explorer with a 2024 Traverse. So at 73, I am still saving money and don't have to purchase a 2nd car. I am having our bathroom remodeled to make it easier for old people to use, and I'm going to have carpet taken up and plank flooring installed. Plus, we persue our hobbies, go on vacation and visit the grandkids.
Another thought on a second vehicle....pick-up truck! It is fun to use it to help others with. It will also keep you active hauling things such as mulch or gravel and other materials for home projects. You can also haul fun toys like RV's, bicycles/motor bikes/jet skis... you get the idea!
This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
It’s amazing you were able to save that much during your active years. Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
Hey, this caught my interest. I worry that I have a couple more months before retirement, can you share more info?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’Stacy Lynn Staples’’ for the last five years or so, and her returns have been pretty much amazing.
Insightful... I curiously looked up her name on the internet and I found her site, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Mazda MX5 - Miata, soft top or RF (retractable fastback). I just got the RF and am loving it! 2024 may be the last all ICE for the car as 2025 seems to be headed for some electric supplementation. So the 2024 is the year to get and, of course, with the 6 speed manual transmission (stick shift).
I agree with having your own car. As important as having your own sink. You don't have to worry about the mess the other leaves hehind.
When I first got married 47 years ago we had one car and lived in a three room flat in the city. I bought a Mercedes this year. I will keep it ten years and thoroughly enjoy it. Wise life choices are imperative.
My fun "car" is my recumbent trike 🤣
Who says Minivans aren't fun? 🤷
Everyone.
I retired at 55 in 2000,. Best thing i ever did, married to a wonderful woman 47 yrs. Now, 6 gkids and 1 ggkid on the way. Lifes good, drive a Acura rdx fun and fast to drive 279 hp v6 and economical.
We are very frugal in the country with the most expensive cars in the world (Singapore Honda Odyssey is US$182,000). So I retired. We moved 20km away - and now have 5 cars: 4700cc V8 VX Landcruiser, 300GD G-wagon, Lexus CT200h hybrid, Mercedes S-Class 280SE< Mercedes E-Class 260E. But these five cars are "used" so all these cars cost less in total than one new budget 1000cc car in Singapore.
Retired at 64 after a career in the military and Federal government and private firms. Nomad seven months a year traveling internationally…walked the Camino Santiago twice and the Italian section of Via Francigena… no regrets at 73 and still going.
Azul can you speak about the Social Security Fairness Act that just passed the house and heading to the senate? It’s a big deal for pension holders
I'm on the point of retiring in the UK and plan to get an annuity with most of my pension savings. However, I'd say that much of what having savings represents to me is security. That is a feeling I get everyday from looking at the current value. I hope that will persist with the annuity and it is worth more to me than the fleeting pleasure of blowing them on a holiday or whatever - or the even more evanescent and ghostly pleasure of looking back on the holiday.
We have 1 car, 2 bikes, and a golf cart and are doing just fine and love the extra $$$$
Amen to keeping two cars! We decided (after the first one-and-a-half years of COVID) that we could get by with one vehicle. No details, but let's just say it was a failed experiment that lasted less than a year. To be fair, we live in the country about 15 miles from the "city" and three miles from the nearest town. Anyway, bought a new car in March, 2024, even though we had been determined to wait until 2025. Best money we've spent since retirement in 2014! We're both too active in activities at different points on the compass to make a one-car arrangement work for us. I can understand people that live in areas where conveniences and/or public transportation are easily available making the one-car decision. But if you're at all involved in activities or have frequent appointments outside your residence, keeping sane with two vehicles is definitely worth it. At least it was for us.
Great Video. Thank you for posting.
Thanks Azulejo wife been retired for 4 years I’m retiring now heading to Arizona from Alaska to live in our camper at a 55 an older RV park . Only for the winter. Any ideas r welcomed
my advice to you is to find things to do besides day drinking!! Those RV parks are full of people who just want to sit around and drink, and make their whole socialization around alcohol.
Some very sound advise on all fronts. Great video
We currently have nine cars in the family. One of my dreams for retirement is to have fewer cars, lol!
I had 6 cars and sold off 4. So much better.
@@mikev4373 I'm just working on selling off one at the moment and as one of the existing cars is my wife's and the other is my son's will probably never get down to 2 but something in the range of 4-5 is what I am targeting. Some of the cars have been in the family as long as or longer than I have (the oldest was bought in 1957 and it was almost 30 years old then) so it would be a big deal to sell them now but I know eventually it needs to be done.
😂 same here!! but to have really good, fun, nice ones!
I'm looking forward to taking advantage of everything that is cheaper during the weekdays. Going to the gym and not having to cut it short because I have to go to work. No more daily commute in traffic
Great video and message 👍
Thanks I needed to hear it is okay to spend!
My fun vehicle is a Toyota Sienna. Engineering marvels.
We have one as well
4 years into retirement, bought a new 2025 Sienna so we can pile the 4 grandkids in and go play!
Lol you completely lost me with being a swifty 🤣🤣🤣🤣🤣never in this lifetime but i get your point 😂
Great tips on leading a better life. I have treated myself to a convertible for the summer and truly find joy in it. That joy helps me refocus on the discipline needed to keep striving for my financial and health goals.
When I travel I fly first class. I would like to be comfortable rather than sit in a cramped seat.
Thanks Azul - great information there 😊
thanks for sharing the wisdom, I think I like to practice these things, but your reinforcement helps. More important, you just helped me feel less guilty about buying a new mountain snowmobile that was on a last model year closeout sale. My wife and I love to ride with our friends in our remote mountain town. She stays on the trail with the other ladies, who watch and laugh at their husbands trying to keep their youth by getting their machines unstuck from places they shouldn't have gone. LOL
Sounds like money well spent to have a past time that you and your wife can share, but you can also go off with others who do it your style!
Enjoying your content and style. Got me thinking, hopefully acting soon. Thanks
Have 2 cars and bought a sports car when I retired. Worth every penny
Funny you say that I am looking at a Porsche 2025 718 Cayman GTS 4.0 for a third car.
I retired at 54, bought a used 981 Porsche Cayman S when I turned 68 and have enjoyed it immensely. Fast, great sound and handling and very reliable. Also, has not depreciated in value the way most cars do.
Thanks Azul! Your channel was key in my retirement 9 months ago, two years earlier then planned. I have had zero regrets! Your sage advice has guided me to a very happy retirement. Best!
This may be my first post on your channel. We are not there yet ...We are 55 and 58. Though my wife Pension Is 2800. ugh we are ready to go
I think it's important to spend money on your wife and help her family. Cheap Charlie is often a lonely character 😅. Don't be shy about taking a dip in the fountain of youth. I now have 42 years of experience being 24 and I know how it is.🎉
Like the fun car suggestion, when I retired I bought an Aston Martin and through the owners group my wife and I have got a new social group and events to go to.
Was that new social group a bunch of mechanics?😂
@@dforrest4503OK, that was funny 🤣
Great video!❤️
Love your content, Azul. Late to the retirement game (just started saving money at 50!), but encouraged as I am socking it away... and trying to do things now in the youth of my golden years. Strange balancing act.
These are the same guys that tell you sequence of return risk comes from spending too much in the early years
I always wanted to play guitar. The day after I retired, I went out and bought a Les Paul guitar and a Marshall amp, and I taught myself to play.
Good for you! I followed a similar path, but first I bought an inexpensive guitar at retirement. After I learned a bit, I bought a used Gibson Hummingbird from a respected local shop. I still stink, but it’s a lot of fun.
@stevenperez8157 Outstanding, welcome to the club. Trust me, I'm no Don Felder, but when it's just me in my man cave, I think I am. 😂
But this doesn’t work for early retirees. Is there a good model for deciding to spend more when you are an early retiree?
No
Should get a Tesla model Y for something fun to drive and practical. It’s the number one car in the world for a reason.
We got a Model Y our first year of retirement. Best, most fun car we've ever owned. People don't understand that Tesla's are muscle cars that can beat just about any gas car. Summon feature is the coolest thing ever. I love watching the faces when our driverless car backs out of it's parking space & picks up in front of the store.
Gadgets are not cars. The audio and interaction of ICE cars are special - you just don’t get it.
@wl660
I can see both sides to this
ICE always cooler but to be able to afford a model S Plaid as well on the driveway…..
Finally a positive video 🎉
Just ordered Aprilia Tuono V4 Factory. Plan to retire next year…no honest 😂
I did the opposite I sold my “fun” cars because I was done with them. Lol
Number one is a mobility appliance?
Bad advice unless of course you are extremely wealthy.
I Anna buy a Tesla roadster when it comes out. $200 k
lol. I don’t give a rat’s about cars. I drive a $20k car, first one I’ve ever bought new. I’ll spend lots on hotels, planes, restaurants, etc. but a car? No thanks. Just a way to get to the fun, but a terrible waste of money best spent elsewhere. Just me.
I concur.
Always been a car guy. Now the cars are new, faster, and more fun!
Agree. Just transportation to me, point a to b. Spend money on travel🎉❤, but also still working.
Solid recommendations, we’ve done a few of them and zero regrets. Upgraded our 20-year old RV to new, bought a nearly new truck to tow it (so great to have a truck instead of SUV now that it’s just the two of us). Renovated the kitchen and updated some other things including yard landscaping to suit our outdoor living. Walk 4-5 kilometres every day, wakesurf, cycle, play guitar, read tons, learn stuff on YT and other sources. We need to and plan to travel more. And oh yeah, the fun car is on the list - probably a 60s/70s muscle car or hot rod.
Thank you for your video, … you know,.. I can’t recommend Shellane Maxwell enough! When I first approached her, I was overwhelmed about retirement planning…Thanks to her guidance, I was able to restructure my investments and focus on high-yield options. Within just a year, my retirement fund grew by 55%
She also helped me create a savings strategy that allowed me to set aside an additional $10000 a month. Now, I feel confident that I can retire five years earlier than I originally planned. If you're serious about securing your financial future, Shellane Maxwell is the one to talk to
She mostly interacts on Telegrams, using her name
@shellanemaxwell she’s verified
Wow I am suprise to see her mention here, after following her investment strategy, my retirement account grew from $500,000 to $750,000 in less than 6 month
You know I was able to save over $55,000 last year, which I reinvested into my retirement account due to her tax strategies,
Azul. How’s that Porsche convertible? 🎉🎉🎉
If you can afford one get one - not a really expensive one - a 3 year old boxster 4.0 GTS will keep its value for the next few years and will be huge fun.
i'm watching the economy
Excellent video and advice!
Great list! Life is short if your budget allows spend on things that make you happy.
Im going to spend all my money 💰 and die in debt. Lol 😂😂😂💪🏾💪🏾💪🏾
Azul - a few scammers on here. Stay careful.
Purchase a 'fun car'. With respect, that's ridiculous. You're making big assumptions about the financial capacity of retirees. There are other ways people can enjoy themselves in retirement with throwing money at a financial black hole like a motor vehicle.
If you only spent $2k on a bike you under spent! My current bicycle cost $13K - but it is definitely worth it
What. This is a bike you pedal? 13K! Wow. But, I understand. Everything nice is expensive and you can't take it with you.
Hot Wheels. I spend money on Hot Wheels 😁
Disagree with the car but I’m a woman and don’t care about cars.
It's all going to long care, eventually.
Retirement isn’t an end goal, but a journey best secured by careful and consistent investments.
Retirement is the reward of disciplined investing over the long term, not just a destination.
My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Nicole Anastasia Plumlee can't divulge much.. Most likely, the internet should have her basic info, you can research if you like.
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.
Tesla “TSLA” shares surge with CEO Elon Musk's involvement in the US election seemingly pays off after President-elect Donald Trump's win. which stocks could potentially become the next in terms of growth over the next few months. I've allocated $350k for lnvestment, looking for companies to make additions to boost performance before retirement.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work.. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Lv it
Greetings from Southern California Azul! I plan on saving all my cash and will be buried with it so I have spending money once I get to the other side! ✌️
As a 60 year old doctor my advice is do not wait until retirement to get that fast car, big trip, fun hobby. As soon as your nest is empty around say 50 make that darn bucket list and get to it. When you hit 65 or so you are fucked physically and mentally and may not have the drive or money necessary to aprecciate those dreams. I will stop travelling and doing the crazy stuff once that 1st check comes calling.
I have 6 cars & I'm single.
🤔
I have five and a golf cart. Hard to keep them all charged up! 😂
Great Stuff! I'm a retired company superintendent, I started watching your videos last year as a beginner before giving stock market a trial. I was able to make $121,500 in one month with a capital of $18,000 trading with an experience expert who guided me through out my trading.
If you have any recommendations or are aware of individuals or firms with a proven track record of success in this area, I would greatly appreciate any guidance you can provide.
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Good to hear such, But getting one is easier said than cone. If its not too much to ask, do you know any legit ones?
Jacqueline Felicia is my trade analyst, She has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
The market will always undergo changes and various challenges, so if you want fo reach your goals of $1Million, you have to be really focused and do your due diligence. Also having a financial consultant can be.
2 cars, seriously? Waste.
What he said is it depends on your family dynamics, if both husband and wife are happy with 1 car then that's ideal from a financial standpoint, but if the couple is more happy with 2 separate cars and you can afford it, then the price of family harmony is more important than finance.
Why not 2 or 3, if they are paid off… it’s always good to have a back up.. or if you live where there is snow, a good truck for winter and car for rest the seasons…
Depends on your resources, wants, and needs. I retired at 60 in January, sold my well-maintained 10-year old SUV to my son and bought a made-to-order new BMW X5. Best car I’ve ever driven. My wife still works at 58, and we bought her the convertible she always wanted (Audi A5). We moved to South Florida and she drives it every day and loves it. We haul stuff around with a 2014 Odyssey minivan. We have always bought nice (not always luxury) cars, but we typically keep them 8-10 years or more. To each their own.
We have 2 cars even thought we drive together much of the time. We are willing to pay for the option of doing things in spearate locations at the same time.
I want to buy a weinermobile! Lol
stop with this shirt !!!!!
Dog sports!!
This 2 car things is very unwise ,you lost me
Being a Swifty is the absolute last thing I would do in retirement.
what, you don't want to wear belly shirts and hang out with 12-year-olds? (Me, neither!)
Retirement isn’t an end goal, but a journey best secured by careful and consistent investments.
Retirement is the reward of disciplined investing over the long term, not just a destination.
My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Sophia Maurine Lanting can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
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.