We drive a high performance vehicle that is now 12 years old and have no debt . We don’t dip into our bolus of savings since we have multiple income streams. We are mindful of our spending yet I obsessively watch UA-cam about “not having enough in retirement “. Doomsday worries are real.
Yea. I hear that often. There is certainly a balance to strike. If you are able to afford the things you truly value make sure you’re doing them. We only have one go at life!
@@NathanLeeCFP , Antarctica, The North Pole via nuclear powered icebreaker , Greenland, among other wonderful far flung places have been enjoyed and explored during my retirement. Now that decrepitude is finding me it is time for watercolor painting and hiring out care of my garden. We live in an era of explosive technological growth which is both awesome and daunting. Embracing it all with thanks and gratitude. Retirement = The Three M’s (Money, Marbles, Mobility)
@@LadyCatherine538 Love your perspective and am glad to hear of your adventures. Sounds like you've done many things on my list of adventures as well and am sure you have some amazing stories to tell.
It all boils down to wisdom...a wise man has no need or desire to show and prove himself in a world filled with idiots. I love the example Warren Buffet has shown us.
Splurge?...not a concept I embrace. It doesn't matter how much I CAN spend in retirement (or out-of-retirement for that matter), spending should be reduced to a budget. Every dollar should have a home.
I don't disagree that many people are tricked into believing they should be living a certain type of lifestyle or doing things that ultimately don't add any value to what truly makes them happy.
$1400 a month for TWO luxury cars? LOL! People are paying that for ONE regular car. Sad… I own and drive a 2011 Toyota. I don’t want or need a new car, and plan to buy a used one with cash when the time come. Great video! Thank you. 😊
You're right, I recently met with a few people who've had over 1k monthly payment for one car. Glad to hear you are prudent in your car choices. I appreciate you chiming in!
I am driving a 2014 Toyota Camry that I bought seven years ago with 12000 mile. My three sons have graduated from college with no debt. It is all about priorities.
@@jamesodell3064 I’m driving a 2011 Toyota Prius that I bought new, it has 170,000 miles on it, and I intend on driving it for at least another 170,000 🤞🏻 I will do what I have to do to keep it on the road. It’s a great car!
If I had a kid driving a luxury car that came to me for financial help they'd be barking up the wrong tree. If you're well off enough for a car like that you don't need my help. And if you aren't, sell it.
Great video. It is easy to fall into the trap of living outside your means when regular earnings seem to comfortably cover expenses. Going into retirement where that isn’t the case can catch people off guard.
We drive a high performance vehicle that is now 12 years old and have no debt . We don’t dip into our bolus of savings since we have multiple income streams. We are mindful of our spending yet I obsessively watch UA-cam about “not having enough in retirement “. Doomsday worries are real.
Yea. I hear that often. There is certainly a balance to strike. If you are able to afford the things you truly value make sure you’re doing them. We only have one go at life!
@@NathanLeeCFP , Antarctica, The North Pole via nuclear powered icebreaker , Greenland, among other wonderful far flung places have been enjoyed and explored during my retirement. Now that decrepitude is finding me it is time for watercolor painting and hiring out care of my garden. We live in an era of explosive technological growth which is both awesome and daunting. Embracing it all with thanks and gratitude.
Retirement = The Three M’s (Money, Marbles, Mobility)
@@LadyCatherine538 Love your perspective and am glad to hear of your adventures. Sounds like you've done many things on my list of adventures as well and am sure you have some amazing stories to tell.
It all boils down to wisdom...a wise man has no need or desire to show and prove himself in a world filled with idiots. I love the example Warren Buffet has shown us.
Warren Buffet is a great example of this. Thanks for sharing.
Splurge?...not a concept I embrace. It doesn't matter how much I CAN spend in retirement (or out-of-retirement for that matter), spending should be reduced to a budget. Every dollar should have a home.
Great way to manage your money.
25x couldn't agree more!
Thanks for your chiming in Kevin. Appreciate it!
Living in an oversized house, new car every 3 years, regular banking, expensive college education are the biggest scams.
I don't disagree that many people are tricked into believing they should be living a certain type of lifestyle or doing things that ultimately don't add any value to what truly makes them happy.
Also maxed-out credit-cards with high interest APR.
And it can happen to the best of us if we aren't careful. Those high interest credit cards are a dangerous trap.
$1400 a month for TWO luxury cars? LOL! People are paying that for ONE regular car. Sad… I own and drive a 2011 Toyota. I don’t want or need a new car, and plan to buy a used one with cash when the time come. Great video! Thank you. 😊
You're right, I recently met with a few people who've had over 1k monthly payment for one car. Glad to hear you are prudent in your car choices. I appreciate you chiming in!
I am driving a 2014 Toyota Camry that I bought seven years ago with 12000 mile. My three sons have graduated from college with no debt. It is all about priorities.
Love that. Thanks for sharing!
@@jamesodell3064 I’m driving a 2011 Toyota Prius that I bought new, it has 170,000 miles on it, and I intend on driving it for at least another 170,000 🤞🏻 I will do what I have to do to keep it on the road. It’s a great car!
If I had a kid driving a luxury car that came to me for financial help they'd be barking up the wrong tree. If you're well off enough for a car like that you don't need my help. And if you aren't, sell it.
Totally agree with that statement. Time to make some hard decisions.
Great video. It is easy to fall into the trap of living outside your means when regular earnings seem to comfortably cover expenses. Going into retirement where that isn’t the case can catch people off guard.
Well said!
Hey, mind your own business,
I’m rich I’m my heart!
The only kind of rich that truly counts!
Asset rich cash poor..
So much locked away in homes. That’s the conundrum for many retirees.
@@NathanLeeCFP Can't they just reverse mortgage the house?
They potentially can. But, there is a lot of complexity around reverse mortgages and usually people don't fully understand all of the risks.