@Carnegiered52 I'm 42 and planning to retire by 55. I would love to retire at 50 if I can. My investment portfolio is currently sitting at 1.2M. Goal is to retire with 3.5M-4M. Depending on your situation you're never too young to retire, go enjoy life! Work to live, not live to work!
Love that story about the fisherman. My parents didn't have much in retirement but that didn't bother them. They were happier than most people and enjoyed the simple things in life.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Wife and I FIRED recently at 50. We want to enjoy life and not grind away. We moved to Greece last month and finishing building our home. We have no debt and have more than 50x our annual expenses with plenty of travel budgeted. US is a great place to build wealth but not to live in. I encourage everyone to think about what is actually important to you. My job and career do not define who I am.
100% agree with US being a great place to build wealth but living elsewhere in retirement. I plan to split time between US and Mexico when I retire, if it was up to me I'd live 100% in Mexico but have to compromise with the wife.
100% agree with US being a great place to build wealth but living elsewhere in retirement. I plan to split time between US and Mexico when I retire, if it was up to me I'd live 100% in Mexico but have to compromise with the wife. The American Dream now is working in America then moving to another country in retirement.
Glad someone pointed this out. I can NOT take anybody seriously if they reference Robert Kiyosaki. It's a shame, but I thought he might be good to listen to. I am going to block this channel out now.
@@Pouncer_FoxI’m sure he will never recover from you blocking him! Just remember, UA-cam is not an airport….no need to announce your departure! Just go!!
Be aware that with owning rental properties, the renter's problems are now your problems and the Government does NOT care about the property owner! In fact, the Government, and society in general, will see that the owner is responsible for the renter's problems.
Im 47. My home will be paid off in 2 years. I’m retiring with the irs rule of 55. Cancer runs in my family. Sister died of cancer age 49. My life expectancy is max 78-79 if I eat right and exercise and keep my blood work stable, if cancer doesn’t take me out early. Parents died in their 60s and 70s.
@@jamesballard6564 The rule of 55 allows you to withdraw from your 401K if you leave your current job the year you are 55 or older without the 10% penalty.
@@jamesballard6564lookup the rule of 55. If you leave your job or the job leaves you in the year you turn 55 (or later) you can pull from your 401k without the 10% penalty but you can only do this from the 401k that you had while working for that employer. So if you’ve worked for employer 1 from age 25 to 50 and made 401k contributions then worked from 50 to 55 for employer 2 and did the same then you’d only be able to pull from contributions under that 2nd employer.
@@michaelkearney7923average millionaire goes bankrupt 4 times. Not always a sign of negligence or poor business acumen. There are macroeconomic reasons why you might want to file including: tax, insurance or legal reasons
I'd never pick up rental property, as that would be a huge psychological hustle for me. I only want to own my own home at a maximum, but no other big immobile assets who i cannot liquidate now.
@@Darknight00744 I agree. Rental property is risky. Ideally it would be paid off before retirement, otherwise you are at risk of bad tenants or those simply facing hard times and YOU having to cover the bank note.
Finally a good long video. Love to have your longer videos as it provides even MORE information for us to grow and be informed. Thank you for continuing to put out and excellent product
Financial freedom for me was when problems occur that require money. I have a fully funded emergency fund for one whole year of income. I sleep better. I don’t have a panic attack over $100 mistake.
Went the corporate route in Accounting and Tech for the stability - works for me and worked great for my better half. The silliness and non-value added overhead driven by management is the stressful part of corporate life. If you have the interest and acumen, a 2nd chapter running your own business can make sense - that is my plan. Been running my own LLC side-gig for a few years so I can transition more easily. Even if the nature of the work changes - the logistics and learning curve of incorporating, bookkeeping, taxes, vendor management, and marketing are a huge head start.
Kyosaki is a horrible person who is running around telling people to take out tons of debt to invest in things. Horrible advice and super risky plan which has a good chance of bankrupting your family.
@@onewayofliving The only difference is that they already have real wealth and or have business capabilities. The majority of people do not, especially not his target audience (which is the average weak minded easily influence fool, looking for a get rich quick scheme). Some people will get filtered out and win. But most will lose, and ruin their family.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Hello Azul. One of the topics that have not been discussed in the 401K max contribution limit of $23,000 for 2024 plus $7,500 for catch-up contributions. This does not include employers match. So for someone making $150,000 and continuing 20%, that person is nearly maxed out. Of course that does not include Roth contributions, and I understand that there are additional limits for IRAs. This would be a new interesting topic that will impact many.
The "Fire movement" is what we did many years before they called it that with real estate. The last 5-6 years we have been selling 1 or 2 a year, downsizing, going into our retirement.
As for the 3-legged stool of retirement: 1. 401K and/or pension, 2. Social Security, 3. Asset-generating income. I believe that reasonable 401K and SS would generate 25-35% for the average long-term worker. Keeping in mind that retirement expenses are typically 80% of pre-retirement expenses, that formula for the 3-legged stool becomes clearer. This worked like magic for me. That formula allows me to become financially independent at 63, it was accurate for me.
I really like this. Too many financial advisors and financial channels try to over complicate things. While retirement IS complex, we need more "rules of thumb" and starting points just like this. Thanks!
Time is the unknown here. Ive know of 5 people in the last week that have passed on. Young too. We are not guranteed the time. Life is a balance. No you cannot spend all you money all of the time...but when your in your 20 and 30's dont be afraid to enjoy things.
Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?
Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, it’s advisable you work with a financial advisor to help set up a well-structured portfolio.
I agree. Based on personal experience working with a financįal advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
You can't invest qualified dollars into real estate, unless you have a self-directed IRA, and there are pitfalls with that kind of IRA. I'm not saying they can't be useful, but there is more risk with them.
I was looking to retire early but in 2020 a bad advisor with a big firm gave me really bad advice and invested me way too conservative and the 1% AUM killed me in fees. Looking back and through some education learned most advisors care about lining their pockets off you when they can. Got out and am now managing it on my own. I just don’t trust advisors anymore. They just delay my retirement plans more. Now I have to work a few years more for that bad decision.
A few years ago, one of those advisors reached out to me and I took the meeting. Listened to the sales job, and got to the end where they tell you they charge % of assets, and thought it sounded steep but said go ahead and send me the paperwork. They did - and addressed it to my husband. They emailed and called for weeks after and I just ignored them. My instincts were correct. Checked on my lifetime returns and I’m pretty happy with the results - my only mistake was choosing a target date fund initially on my current employers 401k. As soon as I fixed that allocation, I’ve had strong performance there too.
We toiled for years locking up money in retirement accounts, but when we bought real estate it was rocket fuel for our balance sheet. Real estate offers appreciation, cash flow, tax benefits (depreciation), and tenant payoff of your mortgage. Inflation reduces the debt burden over time, and rents rise with inflation. (“Don’t wait to buy real estate; buy real estate and wait.”) A mortgage is a short on the dollar, betting that its value will decline over 30 years. (I’ll take that bet!) There’s bonus depreciation, write-off of all expenses, and tax-free equity withdrawals. The 1031 exchange allows you to defer capital gains and depreciation recapture (repeatedly!), and the death basis step-up makes them disappear permanently. Opportunities are as varied as single-family, apartments, self-storage, or triple-net leasing.
Technically, you can do the same thing with the stock market as well (you can use leverage for any asset, really). Its just that interest is generally more expensive and its considered riskier than real estate. You are actually likely to make more money with leverage in the stock market, than in real estate. But no one does that, because people have become brainwashed by the media to believe that real estate investment is low risk and high return (which it really isn't, as it really depends).
If you ask the bank to lend you money (leverage) to invest in their own stock, they will tell you no, but they lend on real estate all day long. I don’t think every bank is that dumb at math. Safe and cheap leverage in the stock market is just buying options. Applying some CapEx can increase rent, but stocking Crest or Bounty won’t move the needle at P&G. You are only a very, very limited partner in the company’s returns.
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched for every season of the market and has just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.
good gains! who is this professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
Katherine Nance Dietz is the licensed advisor I use. Just google the name and you'd find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for the lead. I just searched Katherine by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
I retired with $600k saved, and looking back, I realize I could’ve done things differently. Not saving enough, plus the impact of inflation and sequence of returns risk, makes me worry about outliving my savings, and it’s not something I can easily ignore. Not saying it’s the only way to go, but it’s something I think about
I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from index funds or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $5 million
Yeah, always good to plan for retirement when young. We all think we don’t have to worry about it until later but the fact is, the earlier you learn about financial literacy the better you can plan for it. With amount of savings, you could probably try different side projects to generate some extra income to stash more cash.
Congratulations! Saving and investing $5m by retirement is my financial goal. Since I started young, I have a lot more options to get there. Financial advisor might be something I will look at later in life but mainly to figure out how to pay my fair share of taxes without overpaying. The tax code is written for business owners, the more savvy you are, the more you can save. That’s the part that is more complex to me. Maybe even need an estate lawyer if you are in the millions range already to ensure I am building and passing generational wealth.
I've experimented with a few over the past years, but I've stuck with the popularly ‘’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.
I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $305k, but I'm not sure on how to mitigate risk.
So you have been saving and investing for 32 years and want to retire next year but you are only starting to save for a downpayment on o house now AND you want to know how to mitigate risk? I doubt it...
I’m not done listening yet but WHY is he not figuring social security into the income? The average couple will get around $3K/month just from that “income stream.” That leaves $2K to come from elsewhere once SS is claimed. You do not need a million dollars to retire and people become hopeless thinking they do.
@@thinkforyourself9334 Yes, that’s why I noted that the average couple will get around $3K/month in SS. That is a conservative estimate. He didn’t mention this big percentage of guaranteed income that gets a COLA.
@tmusa2002 Maybe because he is focusing more on people who want to retire in their 50's(early retirement) as that is the beginning part of the title of the video.(My HonestvAdvice To Someone Who Wants To Retire In Their 50's' or retire comfortably).. Just a thought.
Work with a fee only financial adviser. I use Facet Wealth. I am close to retiring. I have a mix of stocks and ETF's. I like JEPQ for the dividend income. Good Luck!
I’ve been reading up on early retirement lately, and I keep coming across all this unconventional advice. Stuff like cutting your expenses to the bone, moving to a low-cost country, or even starting a side hustle that becomes your main income. It’s interesting, but it all sounds a bit extreme.
There's no way you get to retire in your 30s or 40s without doing something out of the ordinary unless you get some kind of big windfall. You don't get to be "normal" and retire in your 30s or 40s.
Buy infrastructure stocks. Ie pipelines they tick tick tick and generate revenue. And it is an area where the entrance fee or purchase fees are a barrier to competition. I'm not a fin advisor btw but it has worked for me
That background music is very distracting. It does not match what is going on in the video. If you were having background in your office, that would make sense. The way you have it, it is off-putting. Thanks for the great content.
5 k a month isn't gonna pay for Long term care expenses. 7 out of 10 people will need skilled nursing care at some point in their life. Watching my mother go broke + lose everything to be stuck in a nursing home (hers costs 17k a month semi private room in private pay) I have learned most of us need LTC insurance/annuities in addition to a higher income to even have a shot at not going broke to a nursing home. I'm 52, and by the time I could need a nursing home , maybe in my late 70s or early 80s, costs are projected to be 25/30 grand a month!!!!!! If u don't have a plan for LTC, that 5 grand a month ain't gonna cut it, and you will be forced to private pay until you are broke + go on Medicaid, which let me tell you, ain't fun to watch your 81 yr old mother lose her home and spend down her retirement money.
Most people drop dead suddenly, I don't know where you get your figures. Yes people fall and have to go to a nursing home temporarily for rehab but that's covered. 25-30 percent of people end up in a nursing home and the average stay is a year. Fact is many elderly fall, break a hip, go to a nursing home and die within the next year.
Isn' t it more cost effective and human to keep your Mum, your parents at home with a nurse coming to check daily as we do in Africa and Asia and Eastern European countries ? Even on some western countries like Italy, Portugal .You will be happier to grow old and ill in your own house or with your children, in your children 's house. Or relocate to a country with excellent health system and cheap cost of living like Portugal, Hungary, or Thaïland....We're meant to live with our Family, not alone in a luxury nursing home...Sorry for being so direct. Take Care.
@@carynefuture5778 unfortunately if you need 24hour care if still employed the cost is astronomical and insurance only covers a portion - we have 60 hours a week of skilled and unskilled nurses coming in and it’s about $3000 per week - America is not user friendly
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.
I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Haha, I travelled all over during the pandemic, even went on 2 cruises. I was declared an essential worker and had Covid 3 times. I was lucky, barely knew when I had it.
How does one retire with kids? I've got 5 kids and expect to have kids at home until 60. Then there's college, weddings, etc. How does one do it with a large family?
"There's nothing wrong with being young and idealistic; but it's a sin to be old and poor.". My brother. Also I question if Azul ver owned rental property, because tenants can drive you crazy and I've never had any other investment call me on weekends and holidays and Christmas vacations about issues many times they have created. Even with the management company; they don't always do their job, let alone in a timely manner...
Guy Kawasaki and Robert Kiyosaki are two different people. Did you mean to reference a book and mistakenly say the wrong author? The Rich Dad Poor Dad is one I stay away from. His advice is hit or miss!
Having rental real estate is income redistribution from the poor to the wealthy. so while i'd like to have a few rental properties for financial security, I'm fundamentally against the concept.
That is only if you rent in that matter, trying to squeeze every drop out of tenants. None of my tenants would view their situation as one on income redistribution. I buy homes for cash in a state of disrepair, then fix them up. Because these homes are way under valued, I can rent at below market rates. No single home makes me any money that matters, but it matters to my renters, because they have save thousands a year on rent. Those that want to rent to own, I allow that as well, but a very large number of people do not want to own a home, so renting is their only option.
Azul, I love your videos, and I credit you with giving me the courage to pull the trigger next month. One question though.... when you say that someone needs to spend $5k per month, do you mean before taxes?
Im 52 and was able to hit my financial goal due to the massive inflation over the last 4 years. My portfolio grew but so did the overall market. With over 22.5% total inflation over the last 4 years, even though i hit my "number", I'm now afraid to retire because i know that number is inflated. I'm afraid to stop working because of the terrible state of out country and it's debt. Inflation is going to continue because how else can the US pay of its debt except to print more money? A shrinking population, exploding debt, social security ponzi breaking. So scary to retire.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
Disagree. If one needs $5k a month, they can potentially do it with $800k put into a typical high interest svgs account paying 4-4.5% and pull in the interest income only. The balance could be made up with social security. The point is that it can be done with much less than the $1.5 to $2mil mentioned.
But you’re now allowing for inflation. For an early retiree 3% withdrawal rate is the safe zone, therefore you’d need approximately 2m invested. Of course for someone who’s old and not far off from receiving social security, they could potentially withdraw 4 to 6% and put guard rails in place should the market plummet.
It is Robert Kyosaki and not Guy Kyosaki. His work is really giod to start with. But please study Bitcoin, you would still be early and you own property that let’s you have self custody, you would not have to deal with renters and so on and so on. I started four years ago, am 56, am self employed and think that in one year I would be able to retire IF I WANT TO. However, what I do is my passion, so why stopping completely, but better focus on parts of that work that really give me happiness?!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@AlilatTiamiyu Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*
During thé 70's and thé 00's thé markets destroyed value. It's a kind of a lottery. Real Estate IS so extensive now. So risky to invest now. A lot among us have low incomes and DIVORCED. No solution even without waisting money. DIVORCE IS a pain for men. That's thé important différence between your early retired movement and other men.
@@AzulWells. I grew up in the Pacific Northwest so I have a special place in my heart for it. Only 40 years old, so not quite ready to retire but you're top 3 in my financial video rotation! Keep up the great content, you help a ton of people! God bless!
Your fisherman story is missing the fact that any unforeseen event is not accounted for. I am thinking that if he lost his ability to fish due to health issue, how could he then fulfill his wishes to have such a relaxed life? I think your example is lacking in depth expected of a financial planner. I realize that this is meant to be a simple example, but it is not something I would recommend to anyone for a life-long financial plan.
Kiyrosaki also promotes crypto which is based on nothing but electricity and data bits and yet he doesn't believe in the stock market. He also owns property to get rents. I'm not a big fan. He is one who has and will continue to increase debt and hope he can make minimal payments but he's not worried about having that debt or dying and leaving that to his benefactors. I don't like that at all.
Thought this might be a decent channel to watch, until he referenced Kiyosaki. I saw Kiyosaki about 20 years ago when he came to my town, and even then that he was a loser and a grifter. "I'm a billionaire, in debt"... more idiotic words were never spoken
Great advice Azul. I enjoy listening to your videos. One suggestion. Not sure if others feel the same. I'm not sure why you pay music in background. I find myself listening to the elevator music sometimes more than what you're saying. Just a thought.
Worked 35 years and retired at 56.
I am about 8% worse off financially,but never been happier.
I retire tomorrow at age 50. Feels very strange. Looking forward to what lies ahead. 😎
Congrats 99! Exciting new chapter for you. Let us know how you like it please. 🚀 Azul
I’d love to know your plan ahead.
You’re too young to think about retirement. I speak from experience. Best wishes.
@@Carnegiered52 - let's hear it!
@Carnegiered52 I'm 42 and planning to retire by 55. I would love to retire at 50 if I can. My investment portfolio is currently sitting at 1.2M. Goal is to retire with 3.5M-4M. Depending on your situation you're never too young to retire, go enjoy life! Work to live, not live to work!
Love that story about the fisherman. My parents didn't have much in retirement but that didn't bother them. They were happier than most people and enjoyed the simple things in life.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
I thought you were going to say silver and gold. 😂
I’m infertile and single. No nieces or nephews. Not raised with religion and have never been able to buy it. Any thoughts on a “purpose”?
This is a scammer thread...NEVER use any name you find in these threads as your advisor even if its on how to flush a toilet.
Wife and I FIRED recently at 50. We want to enjoy life and not grind away. We moved to Greece last month and finishing building our home. We have no debt and have more than 50x our annual expenses with plenty of travel budgeted. US is a great place to build wealth but not to live in. I encourage everyone to think about what is actually important to you. My job and career do not define who I am.
Congratulations on your move to Greece
@@billt913 thank you
100% agree with US being a great place to build wealth but living elsewhere in retirement. I plan to split time between US and Mexico when I retire, if it was up to me I'd live 100% in Mexico but have to compromise with the wife.
100% agree with US being a great place to build wealth but living elsewhere in retirement. I plan to split time between US and Mexico when I retire, if it was up to me I'd live 100% in Mexico but have to compromise with the wife. The American Dream now is working in America then moving to another country in retirement.
Thats why i am moving to the patagonia south america my man🎉
Robert Kiyosaki has become a grifter who has predicted 25 of the last 2 recessions.
Eventually he'll be right, just like a broken clock. Glad I haven't been using his stock market advice.
Glad someone pointed this out. I can NOT take anybody seriously if they reference Robert Kiyosaki.
It's a shame, but I thought he might be good to listen to. I am going to block this channel out now.
I like Azul, but lost interest in this video as soon as he brought up Robert Kiyosaki’s name.
Good grief you all. Just because he referenced a book, it doesn't mean Azul agrees with all the ideas of the author.
@@Pouncer_FoxI’m sure he will never recover from you blocking him! Just remember, UA-cam is not an airport….no need to announce your departure! Just go!!
Be aware that with owning rental properties, the renter's problems are now your problems and the Government does NOT care about the property owner! In fact, the Government, and society in general, will see that the owner is responsible for the renter's problems.
By the same token, the increase in property value is because of the government and society.
As a rental property owner, it’s not really passive and there’s the added headaches of renters damaging property or not paying rent. Remember Covid?
@@GaltsGthis is why I buy REITs
Very true
Im 47. My home will be paid off in 2 years. I’m retiring with the irs rule of 55. Cancer runs in my family. Sister died of cancer age 49. My life expectancy is max 78-79 if I eat right and exercise and keep my blood work stable, if cancer doesn’t take me out early. Parents died in their 60s and 70s.
Look into both intermittent fasting and prolonged fasting. When you fast insulin levels are low or zero. Cancer needs insulin to grow.
The IRS allows you to retire at 55?
@@jamesballard6564 The rule of 55 allows you to withdraw from your 401K if you leave your current job the year you are 55 or older without the 10% penalty.
@@jamesballard6564lookup the rule of 55. If you leave your job or the job leaves you in the year you turn 55 (or later) you can pull from your 401k without the 10% penalty but you can only do this from the 401k that you had while working for that employer.
So if you’ve worked for employer 1 from age 25 to 50 and made 401k contributions then worked from 50 to 55 for employer 2 and did the same then you’d only be able to pull from contributions under that 2nd employer.
@@jamesballard6564rule of 55. If you retire from a company at 55 or later you can take out money from your 401k without penalty
You should be wary about taking the unvarnished suggestions in Rich Dad Poor Dad. There’s good and bad advice in his book.
Not a fan of his book. Never helped me much. Other books like Millionaire Next Door had a much greater impact.
Absolutely agree. Millionaire Next Door is a good read. Robert Kyosaki is sorta out in left field.😊
He wasn’t bad 20 years ago, but I swear he’s now senile, talking about gold and crypto constantly and collapse of the economy.
@@buckibanker Some things didn’t really age well, particularly when he remarks about six time bankrupt Donald Trump being a great businessman.
@@michaelkearney7923average millionaire goes bankrupt 4 times. Not always a sign of negligence or poor business acumen. There are macroeconomic reasons why you might want to file including: tax, insurance or legal reasons
I'd never pick up rental property, as that would be a huge psychological hustle for me. I only want to own my own home at a maximum, but no other big immobile assets who i cannot liquidate now.
@@Darknight00744 I agree. Rental property is risky. Ideally it would be paid off before retirement, otherwise you are at risk of bad tenants or those simply facing hard times and YOU having to cover the bank note.
Finally a good long video. Love to have your longer videos as it provides even MORE information for us to grow and be informed. Thank you for continuing to put out and excellent product
Financial freedom for me was when problems occur that require money. I have a fully funded emergency fund for one whole year of income. I sleep better. I don’t have a panic attack over $100 mistake.
Went the corporate route in Accounting and Tech for the stability - works for me and worked great for my better half. The silliness and non-value added overhead driven by management is the stressful part of corporate life. If you have the interest and acumen, a 2nd chapter running your own business can make sense - that is my plan. Been running my own LLC side-gig for a few years so I can transition more easily. Even if the nature of the work changes - the logistics and learning curve of incorporating, bookkeeping, taxes, vendor management, and marketing are a huge head start.
Kyosaki is a horrible person who is running around telling people to take out tons of debt to invest in things. Horrible advice and super risky plan which has a good chance of bankrupting your family.
Take out debt to buy assets. Talk to any one with real wealth and they will say the same thing.
@@markbernhardt6281 Trump has had multiple bankruptancies. Hasn't harmed him. For the people he shafted,....well.
Yes it is.
@@onewayofliving The only difference is that they already have real wealth and or have business capabilities. The majority of people do not, especially not his target audience (which is the average weak minded easily influence fool, looking for a get rich quick scheme). Some people will get filtered out and win. But most will lose, and ruin their family.
@rebeltheharem7028 the book helped me immensely. It's about mindset, not a road map.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Hello Azul. One of the topics that have not been discussed in the 401K max contribution limit of $23,000 for 2024 plus $7,500 for catch-up contributions. This does not include employers match. So for someone making $150,000 and continuing 20%, that person is nearly maxed out. Of course that does not include Roth contributions, and I understand that there are additional limits for IRAs. This would be a new interesting topic that will impact many.
The answer is a brokerage account, no contribution limits, no restrictions on when one can make withdrawls, tax advantaged over a 401k/IRA.
The "Fire movement" is what we did many years before they called it that with real estate. The last 5-6 years we have been selling 1 or 2 a year, downsizing, going into our retirement.
@@Monipenny1000 same
Great video once again Azul. I retired recently at age 58. Loving this life! I never thought it would happen relatively early.
As for the 3-legged stool of retirement: 1. 401K and/or pension, 2. Social Security, 3. Asset-generating income. I believe that reasonable 401K and SS would generate 25-35% for the average long-term worker. Keeping in mind that retirement expenses are typically 80% of pre-retirement expenses, that formula for the 3-legged stool becomes clearer.
This worked like magic for me. That formula allows me to become financially independent at 63, it was accurate for me.
I really like this. Too many financial advisors and financial channels try to over complicate things. While retirement IS complex, we need more "rules of thumb" and starting points just like this. Thanks!
Remember money is not free. Many of what you mentioned about part-time or working as hobbies will erode into the precious time of retirement.
Time is the unknown here. Ive know of 5 people in the last week that have passed on. Young too. We are not guranteed the time. Life is a balance. No you cannot spend all you money all of the time...but when your in your 20 and 30's dont be afraid to enjoy things.
Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?
Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, it’s advisable you work with a financial advisor to help set up a well-structured portfolio.
I agree. Based on personal experience working with a financįal advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
You can't invest qualified dollars into real estate, unless you have a self-directed IRA, and there are pitfalls with that kind of IRA. I'm not saying they can't be useful, but there is more risk with them.
I was looking to retire early but in 2020 a bad advisor with a big firm gave me really bad advice and invested me way too conservative and the 1% AUM killed me in fees. Looking back and through some education learned most advisors care about lining their pockets off you when they can. Got out and am now managing it on my own. I just don’t trust advisors anymore. They just delay my retirement plans more. Now I have to work a few years more for that bad decision.
A few years ago, one of those advisors reached out to me and I took the meeting. Listened to the sales job, and got to the end where they tell you they charge % of assets, and thought it sounded steep but said go ahead and send me the paperwork. They did - and addressed it to my husband. They emailed and called for weeks after and I just ignored them. My instincts were correct. Checked on my lifetime returns and I’m pretty happy with the results - my only mistake was choosing a target date fund initially on my current employers 401k. As soon as I fixed that allocation, I’ve had strong performance there too.
Hang out with ppl who have achieved financial independence, brought me here
I have employees working for me, rental properties (residential and commercial) and the global stock market working for me.
Buy REITs instead of rentals..this way u can own commercial real estate..who wants the headaches of tangible rental properties these days..
I own physical commercial property in London. For me property is better than owning bonds. 50% of my money is in international global ETF funds.
Full of wisdom
Glad I found this channel
Thank you! Blessings
We toiled for years locking up money in retirement accounts, but when we bought real estate it was rocket fuel for our balance sheet. Real estate offers appreciation, cash flow, tax benefits (depreciation), and tenant payoff of your mortgage. Inflation reduces the debt burden over time, and rents rise with inflation. (“Don’t wait to buy real estate; buy real estate and wait.”) A mortgage is a short on the dollar, betting that its value will decline over 30 years. (I’ll take that bet!) There’s bonus depreciation, write-off of all expenses, and tax-free equity withdrawals. The 1031 exchange allows you to defer capital gains and depreciation recapture (repeatedly!), and the death basis step-up makes them disappear permanently. Opportunities are as varied as single-family, apartments, self-storage, or triple-net leasing.
Technically, you can do the same thing with the stock market as well (you can use leverage for any asset, really). Its just that interest is generally more expensive and its considered riskier than real estate.
You are actually likely to make more money with leverage in the stock market, than in real estate. But no one does that, because people have become brainwashed by the media to believe that real estate investment is low risk and high return (which it really isn't, as it really depends).
If you ask the bank to lend you money (leverage) to invest in their own stock, they will tell you no, but they lend on real estate all day long. I don’t think every bank is that dumb at math. Safe and cheap leverage in the stock market is just buying options. Applying some CapEx can increase rent, but stocking Crest or Bounty won’t move the needle at P&G. You are only a very, very limited partner in the company’s returns.
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched
for every season of the market and has just yielded 120% from early last year. I and my
advisor are working on a 7 figure ballpark goal, tho this could take another year.
good gains! who is this professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
Katherine Nance Dietz is the licensed advisor I use. Just google the name and you'd find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for the lead. I just searched Katherine by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
I retired with $600k saved, and looking back, I realize I could’ve done things differently. Not saving enough, plus the impact of inflation and sequence of returns risk, makes me worry about outliving my savings, and it’s not something I can easily ignore. Not saying it’s the only way to go, but it’s something I think about
I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from index funds or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $5 million
Yeah, always good to plan for retirement when young. We all think we don’t have to worry about it until later but the fact is, the earlier you learn about financial literacy the better you can plan for it. With amount of savings, you could probably try different side projects to generate some extra income to stash more cash.
Congratulations! Saving and investing $5m by retirement is my financial goal. Since I started young, I have a lot more options to get there. Financial advisor might be something I will look at later in life but mainly to figure out how to pay my fair share of taxes without overpaying. The tax code is written for business owners, the more savvy you are, the more you can save. That’s the part that is more complex to me. Maybe even need an estate lawyer if you are in the millions range already to ensure I am building and passing generational wealth.
I'm worried about my retirement portfolio and could use some guidance. How can I get in touch with your advisor?
I've experimented with a few over the past years, but I've stuck with the popularly ‘’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.
I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $305k, but I'm not sure on how to mitigate risk.
So you have been saving and investing for 32 years and want to retire next year but you are only starting to save for a downpayment on o house now AND you want to know how to mitigate risk? I doubt it...
@@serious_as_a_heart_attack
You’re arguing with a bot.
Robert Kiyosaki - not Guy.
Thanks for the confirmation. I was about to go to the library to confirm my recollection.
52, currently 1.1 in IRA, house paid for valued around 600k. Retire at 60 ? Just worry about health insurance.
The big thing has changed from heavily fixed income in the 90's to rental properties in the 2000's, to the 100% stonk portfolio in the last 10 years.
I’m not done listening yet but WHY is he not figuring social security into the income? The average couple will get around $3K/month just from that “income stream.” That leaves $2K to come from elsewhere once SS is claimed. You do not need a million dollars to retire and people become hopeless thinking they do.
Social Security might run out in 2041. You may receive 75% of your promised benefits.
The average Social Security is less than $1800
@@thinkforyourself9334 Yes, that’s why I noted that the average couple will get around $3K/month in SS. That is a conservative estimate. He didn’t mention this big percentage of guaranteed income that gets a COLA.
@tmusa2002 Maybe because he is focusing more on people who want to retire in their 50's(early retirement) as that is the beginning part of the title of the video.(My HonestvAdvice To Someone Who Wants To Retire In Their 50's' or retire comfortably).. Just a thought.
No it wont....scare tactics from big Gov. 🎉
the 4th leaver is buy BTC - and you can do it in 4
Work with a fee only financial adviser. I use Facet Wealth. I am close to retiring. I have a mix of stocks and ETF's. I like JEPQ for the dividend income. Good Luck!
lovely sunny weather.. beautiful sorroundings ...azul u r so lucky ..
I’ve been reading up on early retirement lately, and I keep coming across all this unconventional advice. Stuff like cutting your expenses to the bone, moving to a low-cost country, or even starting a side hustle that becomes your main income. It’s interesting, but it all sounds a bit extreme.
It’s just good to know you have options, even if you ultimately decide you prefer a more traditional approach. It’s about not feeling trapped 😊
There's no way you get to retire in your 30s or 40s without doing something out of the ordinary unless you get some kind of big windfall. You don't get to be "normal" and retire in your 30s or 40s.
Yeah. It just sounds like working in another country. Not retirement. Lol.
I died when he calls Robert Kiyosaki Guy Kawasaki 😂😂
Over and over. I can understand a one off mistake.
"the financial guy with a Japanese name" :)
I guess that makes Warren Buffet the "Oracle of Yamaha"!
Buy infrastructure stocks. Ie pipelines they tick tick tick and generate revenue. And it is an area where the entrance fee or purchase fees are a barrier to competition.
I'm not a fin advisor btw but it has worked for me
The music is too much. Great info and perspectives.
Good info and You are doing well. Thanks for what info you provide.
I'm going to take 15% off the top, screw it
That background music is very distracting. It does not match what is going on in the video. If you were having background in your office, that would make sense. The way you have it, it is off-putting.
Thanks for the great content.
Just a minor detail, it’s Jocko Willink, not Wilkins. I’m a big fan of his and you as well, thank you!
Great advice. Thanks!!
5 k a month isn't gonna pay for Long term care expenses. 7 out of 10 people will need skilled nursing care at some point in their life. Watching my mother go broke + lose everything to be stuck in a nursing home (hers costs 17k a month semi private room in private pay) I have learned most of us need LTC insurance/annuities in addition to a higher income to even have a shot at not going broke to a nursing home. I'm 52, and by the time I could need a nursing home , maybe in my late 70s or early 80s, costs are projected to be 25/30 grand a month!!!!!! If u don't have a plan for LTC, that 5 grand a month ain't gonna cut it, and you will be forced to private pay until you are broke + go on Medicaid, which let me tell you, ain't fun to watch your 81 yr old mother lose her home and spend down her retirement money.
Most people drop dead suddenly, I don't know where you get your figures. Yes people fall and have to go to a nursing home temporarily for rehab but that's covered. 25-30 percent of people end up in a nursing home and the average stay is a year. Fact is many elderly fall, break a hip, go to a nursing home and die within the next year.
Isn' t it more cost effective and human to keep your Mum, your parents at home with a nurse coming to check daily as we do in Africa and Asia and Eastern European countries ? Even on some western countries like Italy, Portugal .You will be happier to grow old and ill in your own house or with your children, in your children 's house. Or relocate to a country with excellent health system and cheap cost of living like Portugal, Hungary, or Thaïland....We're meant to live with our Family, not alone in a luxury nursing home...Sorry for being so direct. Take Care.
@@carynefuture5778 unfortunately if you need 24hour care if still employed the cost is astronomical and insurance only covers a portion - we have 60 hours a week of skilled and unskilled nurses coming in and it’s about $3000 per week - America is not user friendly
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.
I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Do you invest with a professional broker? I'd appreciate it if you show me how to go about it.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
Bitcoin worked great for me! Thanks Azul!
Haha, I travelled all over during the pandemic, even went on 2 cruises. I was declared an essential worker and had Covid 3 times. I was lucky, barely knew when I had it.
You are lucky. I was bedridden for 2 weeks and had low energy for 3 months.
What a great video thanks!
Are these all one takes? That's really impressive.
How does one retire with kids? I've got 5 kids and expect to have kids at home until 60. Then there's college, weddings, etc. How does one do it with a large family?
Pls add chapters for long videos
"There's nothing wrong with being young and idealistic; but it's a sin to be old and poor.". My brother.
Also I question if Azul ver owned rental property, because tenants can drive you crazy and I've never had any other investment call me on weekends and holidays and Christmas vacations about issues many times they have created. Even with the management company; they don't always do their job, let alone in a timely manner...
Isn’t fish itself food?
Great video
Current net worth is 640K. I want to "semi-retire" at 40.
Guy Kawasaki and Robert Kiyosaki are two different people. Did you mean to reference a book and mistakenly say the wrong author? The Rich Dad Poor Dad is one I stay away from. His advice is hit or miss!
I'm usually 95% with Azul, but Kawasaki a hack and a grifter. Please, be very careful following his advice...
*Kiyosaki
Having rental real estate is income redistribution from the poor to the wealthy. so while i'd like to have a few rental properties for financial security, I'm fundamentally against the concept.
That is only if you rent in that matter, trying to squeeze every drop out of tenants. None of my tenants would view their situation as one on income redistribution. I buy homes for cash in a state of disrepair, then fix them up. Because these homes are way under valued, I can rent at below market rates. No single home makes me any money that matters, but it matters to my renters, because they have save thousands a year on rent. Those that want to rent to own, I allow that as well, but a very large number of people do not want to own a home, so renting is their only option.
I don’t feel guilty owning rental property. Most of my tenants are cabin crew, pilots and just need somewhere for a few years.
Dumbest take ever.
Love your videos but the music was distracting. Couldn’t watch it. Will you tell us where that is? Beautiful area.
Where are we filming today?
Looked like a Washington State license plate.
Azul, I love your videos, and I credit you with giving me the courage to pull the trigger next month. One question though.... when you say that someone needs to spend $5k per month, do you mean before taxes?
Im 52 and was able to hit my financial goal due to the massive inflation over the last 4 years. My portfolio grew but so did the overall market. With over 22.5% total inflation over the last 4 years, even though i hit my "number", I'm now afraid to retire because i know that number is inflated. I'm afraid to stop working because of the terrible state of out country and it's debt. Inflation is going to continue because how else can the US pay of its debt except to print more money? A shrinking population, exploding debt, social security ponzi breaking. So scary to retire.
Rich Dad Poor Dad, Please be advised stay away from this guy !
That's what I say. He wants your "fake" money so he can buy "rea" gold. If he thought it was fake he wouldn't accept it
Kiyosaki is a total prick
Finally a positive video..
😂😂
Bangout job explaining these concepts Azul.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
Disagree. If one needs $5k a month, they can potentially do it with $800k put into a typical high interest svgs account paying 4-4.5% and pull in the interest income only. The balance could be made up with social security. The point is that it can be done with much less than the $1.5 to $2mil mentioned.
Right now, yes. But hysa won't stay at 5.2% when fed starts dropping rates.
@@jdk050507- dividend etf?
But you’re now allowing for inflation. For an early retiree 3% withdrawal rate is the safe zone, therefore you’d need approximately 2m invested. Of course for someone who’s old and not far off from receiving social security, they could potentially withdraw 4 to 6% and put guard rails in place should the market plummet.
It is Robert Kyosaki and not Guy Kyosaki. His work is really giod to start with. But please study Bitcoin, you would still be early and you own property that let’s you have self custody, you would not have to deal with renters and so on and so on. I started four years ago, am 56, am self employed and think that in one year I would be able to retire IF I WANT TO. However, what I do is my passion, so why stopping completely, but better focus on parts of that work that really give me happiness?!
40 minutes????? How long do you think we are gonna live???? Hahahaha!
😂 I have long videos I shouldn't be laughing but that's funny. That's an hour show with commercials. Lol
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@AlilatTiamiyu Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*
@@FreuleinBey Oh please I’d love that. Thanks!
*MARGARET MOLLI ALVEY*
Lookup with her name on the webpage
Imagine a financial advisor being honest. No such animal.
In your search for new material beyond fantastic financial advice you seem to have wandered into a world that you have no experience to preach on.
During thé 70's and thé 00's thé markets destroyed value. It's a kind of a lottery.
Real Estate IS so extensive now. So risky to invest now.
A lot among us have low incomes and DIVORCED. No solution even without waisting money.
DIVORCE IS a pain for men. That's thé important différence between your early retired movement and other men.
fire financially independent recreationally employed
Love the video setting. You in Washington state?
Good guess. Yes! you are correct. Washington State is beautiful in the summertime … ☀️Azul
@@AzulWells. I grew up in the Pacific Northwest so I have a special place in my heart for it. Only 40 years old, so not quite ready to retire but you're top 3 in my financial video rotation! Keep up the great content, you help a ton of people! God bless!
Wow. A lot of hater comments on this one.
Your fisherman story is missing the fact that any unforeseen event is not accounted for. I am thinking that if he lost his ability to fish due to health issue, how could he then fulfill his wishes to have such a relaxed life?
I think your example is lacking in depth expected of a financial planner.
I realize that this is meant to be a simple example, but it is not something I would recommend to anyone for a life-long financial plan.
Psst...It's Jocko WILLINK, not Wilkins.
Robert Kiyosaki wrote Rich Dad Poor Dad. Guy Kiyosaki must be his alter ego 😂
Robert Kiyosaki is the name you wanted for Rich Dad
Kiyrosaki also promotes crypto which is based on nothing but electricity and data bits and yet he doesn't believe in the stock market. He also owns property to get rents. I'm not a big fan. He is one who has and will continue to increase debt and hope he can make minimal payments but he's not worried about having that debt or dying and leaving that to his benefactors. I don't like that at all.
Richard Kayasaki? Who is Guy?
Robert
The goal is the fisherman’s life! Time to chill.
He keeps saying "Guy". Does Robert Kiyosaki also go by Guy?
Don't need the irritating background music.
Azul, say “Index”
I wonder what Azul’s dishonest advice is to someone who wants to retire in their 50s? 😊
You should work so you can STOP working and spend time with family, friends, and to make time to do things you want to do and not HAVE to do.
Perez Steven Martin Mark Anderson Eric
I’m not digging the background music.
What a pity! I really liked this channel. Never take advice from Robert Kiyosaki.
40min? Cmon...4x too much
If you don’t hang around anyone. What does that make you then? Asking for a friend lol
Thought this might be a decent channel to watch, until he referenced Kiyosaki.
I saw Kiyosaki about 20 years ago when he came to my town, and even then that he was a loser and a grifter. "I'm a billionaire, in debt"... more idiotic words were never spoken
Great advice Azul. I enjoy listening to your videos. One suggestion. Not sure if others feel the same. I'm not sure why you pay music in background. I find myself listening to the elevator music sometimes more than what you're saying. Just a thought.
Who is Guy Kawasaki lol