I was forced into retirement. Recently I now feel like I've been let loose from a 40 year prison sentence. I feel absolutely fabulous. I do not miss the toxic culture at my job. I do not miss the traffic. I do not miss the danger of my job. I used to feel safe driving the truck. But when cell phones came out, I used to go to work and fear every day that someone would hit me while I was loaded and sent me flying Into the Woods. I feel I do not miss my 10 bosses. That means 20 hands have let go of my basketballs the joy I feel is beyond measure. ,,,thanks for all your videos!!!!❤
I guess I'm in the minority. I've been working a 9-5 job for many years and my approach to my pay was "how much of this can I SAVE" rather than "how much I can spend". That's helped me through some dark times.
My husband benefits from standard employment bc of health benefits and retirement match etc which frees me up more to invest in entrepreneurship. Not everyone should start a business. He just wants to work, save/invest, and retire early. I don’t think I’ll ever stop “working” bc for me it’s a labor of love. Both are good options :)
I am an immigrant and I’m stuck in the 9-5 work. I was feeling very comfortable since my low paid job allows me to afford basic things compare to what I would make in my country. However, watching your videos give me strength and bravery to quit this rat race. Thanks for that 😊
I am an immigrant too. Please dont quit your job this is very naive. Dont let your ego guide you. Save as much as possible and go back to your country as a millionaire. Your future will say thank you!
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Avert too-good-to-be-true con tricks. Consult a fiduciary counselor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
The pandemic should have taught everyone there is no such thing as job security. When I got laid off during the shutdown I started my own business and actually was profitable during Covid. Going on 4 years now working for myself and I have 4 employees as well
I'm a self employed nurse and found myself unemployed for 3 months during Covid. Go figure. That made me realise that nothing in life is permanent. Luckily I had an emergency fund to live off and no debt. I'm now semi retired in my 50s and loving every moment.
I agree, but you could always have optional jobs, like food delivery or substitute teaching, in case anything happened to your full time or for the rare times lol you might have the energy
It's good to know you can make it on one job. In the past, I needed to work 2 jobs, and it's not pleasurable at all. Nothing beats my schedule now, one job and one pay where I can live comfortably and save half my income. A government job with the District Attorney is not all bad;)
@@mangayakposowa4334 The key is to do side gigs that offer flexibility, and where you can work as much or as little as you wish! Pet sitting, hosting events, tutoring online, etc....AND saving the earnings from these gigs - can balloon into $20K! That right there is a nice nest egg, just in case!!
Definitely a 9 to 5:00 job as an extremely hard way to live but if there were no such thing you would have no nurses, no grocery store people, no policeman, etcetera etcetera. Not everybody can be a UA-camr and if they were our country would fall apart. We have to be able to depend on a certain amount of people to keep businesses and Society going.
I relate completely! I lost my job due to cuts 2 years ago, but I didn't panic, because I had been prepared. My work place had struggled financially for 5 years and I knew it was coming for some of us. It caught a lot off guard, they said, but that's not entirely true. I found a new job fast and I still save as if I don't know what tomorrow brings, cause we really don't😅 I don't like the idea of being owned. Savings=freedom❤
Yes my husband is T1 diabetic so it’s a must for him. But great thing I get to piggy back off his insurance and general job security (he works IT so there’s always work somewhere) so I can grow my businesses. I prefer flexibility and scalability :3 We live off his income and use mine as a sword 🗡️ and could be 🛡️ if needed
Wow Augustine 84k subs 🎉 I was there when it as 8.4k 😊you are keeping it real and that’s why you are growing without a doubt 😊 when you are genuine people hear it.
"The 9 to 5 job is a very comfortable life...and those people are good consumers that feed the wheels of capitalism." Ouch! The only "problem" having a very comfortable life is NOT saving enough $$.
I saved money and quit my 8 to 5 job for my health. I felt so guilty for about 3 years, but now I am comfortable. I can live without the rat race. I miss the income, but I don't miss the stress.
I started working at an airport for an airline, so I didn't have to work a 9 to 5 job. The biggest benefit from this job is that I am not always around in my circle of friends who are spending their money in the weekends or even during week days. I am either working in the evening, night, very early morning or weekends. So I always have an exuse not to go out with my friends ( spending money ) because I am at work or in my bed, sleeping 😛
@@la6136 I live in the Netherlands and have plenty of a social life left, but not as much as other people think I should or could have , I am in charge of my own free time and I can decide if I want to be part of the spending culture or not. It's all about which priorities are important to me. btw, I have a nice circle of friends that understand me. We are nor only Dutch and very direct, but also very accepting of different lifestyles ! 😊
I feel this bc we’re paying off debt… but yesterday I went out with some acquaintances bird watching (Sandhills crane migration) so it was basically free! And it was fun to hang out. We packed lunches. I did end up buying a medicinal herb book while we were at the nature center but I’ve been meaning to pick one up anyway so it felt like a win!
I agree. I delayed taking a lot of financial actions because I felt safe. But I started to realize I could be let go at any time and that’s when I made real financial progress. I paid off my student loans paid off my car and saved an emergency fund. I sleep better at night knowing I have a cushion
Not everybody wants to start a business though. Besides that business owners are NOT immune to interruption of income. Look at all that we keep hearing about business CLOSURE
A side gig is nothing like a "small business", it's just supplemental income that you can earn and invest, when YOU want! A small business is way more of a commitment on your time, energy and risk-wise. A side gig with little to no initial investment is key.
We paid everything off. Now we pay the bills after investing $100 in stocks and putting $100 aside for emergencies and for miscellaneous expenses that come up (vet, miscellaneous medical expenses, etc). Then I put money aside for taxes on the house. Finally I pay bills.
I use to work at a restaurant. The same group of office people would come in EVERY day for lunch. Some of them had kids in daycare. Most Houstonians need a car with gas and insurance.I can only imagine that the actual amount they had left over was really small. As a contractor, I live in fear of losing my job and not having security. I am an advocate of “safe” jobs. The “safe” jobs require living in the reality of what you are actually spending and what you are actually making.
There’s always a trade off. You’re always working for someone, a boss, customers, clients, employees, viewers, Uncle Sam, etc. Some bring more pressure some less, but there’s not really an escape unless you get a windfall that frees up your time to no longer feel pressured to serve another to gather resources.
@@FactsCountdown the best options for passive income require a large nest egg. So you need to save a large enough amount to generate a livable income, or get a windfall to use for generating income. That passive income will come from business, and you benefit through full or partial ownership of the business. The key being that you aren’t toiling in the business, but simply owning it. i.e., rental income is not passive income if you’re the landlord.
I really dislike all of these lifestyle and finance youtubers pushing the narrative that we all need to be setting up a side hustle. I absolutely love my 9-5 routine. My job allows me the freedom to spend, save and invest monthly. I mean, what more do you really need? This whole side hustle BS is being pushed wayyyyy too much on social media and it's just going to cause people lifestyle anxiety and further perpetuate the "I'm not doing well enough' mentality.
Absolutely agree with you. I think what these gurus must teach is for people to keep saving and investing every paycheck so the could be prepared for life uncertainties and build wealth along the way. I love my career as an engineer, the pay and benefits are amazing but the work is very draining/exhausting. Even though I like the fine things in life and love expensive hobbies, travelling, I'm always saving/investing so it will allow me to take long breaks whenever I feel I need to.
Actually when you have a side gig that you actually love, it's not "work", its a win-win, and it's not anxiety-derived either. When you have additional streams of income, you are not beholden to an employer, who may get sour at any moment, and lay you off, for totally invalid reasons too. It has nothing to do with "not doing well enough"--not for me at least.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Coming from a 51 year old, I call bullshit. Its called living beyond your means, and thats it. Want more, want things others have, work harder, or 2 jobs. Problem is many people have the mentality of never enough. Ive been in the work force for over 30 years now, and grew up working on a family cattle farm. Now my Mon Fri job allows me to be comfortable and be prepared for emergencies and life changes. Ive been laid off in the past, and went out, and got another job.
BS- companies need to pay more! I didn't go to freaking school to make some idiot rich. My whole entire adult life has been listening to idiots say I owe them. Money is regenerative. It only disappears because everyone hoards it.
@@stanleymcvay9283 Ive had that said to me to, and left those jobs. Ive also lived in 3 different provinces and moved with a family of 3 and a wife with no job, to get better opportunities. All depends on how much you want to take a chance. But to each their own.
Disregard inflation and our shitty system where everything is over-priced. A shitty, mildew-ridden apartment in 2015 was around $400. Now, it's $1600. More and more people are barely squeaking by. How are people supposed to make it (especially people who just got out of college)? Sell drugs?
As we found out, sometimes the classic 9-5 with benefits is the very best option when life throws the curve ball of severely medically fragile babies. Life’s curveballs make the “ right” decisions impossible because the “ unicorn information” about life’s future unforeseen events cannot ever be known. We all do what we think is the best with the knowledge we do have at the time. That’s reality, and, yah, harsh.
I work in Healthcare and do work 7-5 4 days a week..I'm paying off my debts .. and I've been there 19 yrs.. will retire in 5 yrs.. love my job. So it can be done! Plus I always have a 3 day weekend !
I feel like these people are bots. They aren't elaborating in the slightest, just making wild claims that go against the learned experiences of 90% of people. Don't fall for it.
I recently retired from a stressful job. I was able to set aside money in my savings and I received a pension. What a relief it is not dealing with the stress. I actually make as much or more now than I did working
Paycheck to paycheck kept industries thriving kept Mom and Pop stores in business and was very needed in America dont knock it till u have done it for 45 years and have money in your old age to keep your roof overhead and your family fed.😊
Or 6-8 that my dad would often do.He was an excavator. Gone by the time we children got up.Sometimes made it home for supper at 6 .If not , he came home and ate later.
Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
As a biginner who don't understand how Bitcoin trade really work and you really want to make profit from it. I will advise you to first start working with a professional broker
As a biginner who don't understand how Bitcoin trade really work and you really want to make profit from it. I will advise you to first start working with a professional broker
I am living proof and going through hardship because of all the things he mentioned, I did them. And my mistake was to think that I would never get tremendously burnt out at my high paying job.
There is also a category of people like me who is on a full time 9 to 5 Job with good paycheck but still live in a sense of urgency and feels everything is not permanent. May be we hate our job or due to midlife crisis or family concerns. There could be multiple reasons.
I work 4:30am-6:30pm. I drive a school bus. I don't have enough money to pay my rent or other bill and medical insurance is nonexistant. (Deductible is $3800.00) I would never use that much in a yr! Then it starts again the next yr. This is a medium paying job. Not high but it's certainly not a minimum pay job. The publics children are rude and very disrespectful to everyone! I'm exhausted mentally and physically when i get home. It's a dead end job also. Not sure if i would want to move up to deal with the parents even more! 😢
Been telling my gf to find a better job and save her money for years , all just falls on deaf ears . I don't even work at the moment as I often have more money than her lol . Told her to sort her wof on her car out , she won't and in the end , end up costing her way more when the cops say you can't drive this on the road . A good trick my friend told me , is you open 3 bank accounts and just drip feed the other two and don't touch them .
So tired of losing the most beautiful time of my living days to a draining job. Though breaking through it will be a difficult time for sure. You kind have to work late nights and early mornings to build a business then leave the rat race
Sounds like a reason to join the rat race! I actually like a 9-5, a set time, and a set expected amount. I like to plan my budget ahead and so having some expectations were good. I also like to stay where I’m comfortable, less stress however I never believe I’ll have this job forever or never lose it. Sometimes things just happen and you can’t prep or defend yourself against it all. All I want is to minimize the impact on me.
He who does not save is poor even if he works!!! FIN. The only thing that is certain in this life is your death. Everything you want is on the other side of fear. Money is not the goal, Money is a tool, Freedom is the goal. Viva la Libertad Carajo!!!!
People should consider that even when they are safe with their job and their paycheck, they are losing compounding years. If they blow all their paychecks in their twenties and thirties, they'll miss 20 years of compounding and the'll end up with ~1/4 of ammount they would have if they had saved.
I worked in a job which was probably one of the most secure in the UK back in the 80s and 90s , it is no longer . In fact job security in my country is a thing of the past . Those that have job security, are working hours beyond belief, not so much they are in debt , it is because they are put under pressure, with no or very little protection from unions .
Interesting topic. There are certain fields, like education, where you're likely to need the stability of the 9-5 type job, I mean, if you want to teach in a classroom. What's sad is that the benefits of many 9-5 type jobs were so much better than they are today: I agree that for many people it just makes more sense to go out on your own. But for the risk-averse, I think the old 9-5 still makes sense. Obviously it's not the JOB that makes (or "keeps") you broke, but the sense of dependence a regular paycheck can create. You simply need to take responsibility for your finances, no matter what you do to support yourself.
In Brazil you can do an written exam and you might become a public employee at a government department/agency, and your job will get protected by law so you'll never get fired unless you really mess up, like committing a serious crime and go to prison. Although, many people even with a real stable job, will be in debt and broke for their whole lives.
This is soo true . I have freelance friends who have always understood the feast /famine mindset where as I stupidly didn't think this way until recently . I realised I couldn't even quit my job because I was a slave to debt and poor planning .
Didn't keep me broke, but I lived below my means and was saving and investing 15% to 20% of my pay every month for decades. Even now, after an early retirement, I still reinvest 20% of my dividend income back into income generating / paying equities.
Totally agree with it all. I am trying to set other sources of income but it is so frustrating to get home late after work and feeling so tired you can’t work son your stuff. I can, but it’s hard. I have to say though I am grateful that I have got myself in a position I can manage my expenses with working only 4 days a week. This allows me to have more time and energy for the rest. When the 3 day weekend is over and I have to go back to work on Monday I sort of fell that is a waste of time and a drag on my life. But for now I can’t manage without. I hate it though.
Secure jobs stopped being the norm about 30 years ago. The standard job "allows" many people to feel the false sense of security, it does not "make" them feel or do anything. I think it is important to put the individuals actions on the person, not the job. Not everyone is leader or entrepreneurial and they need to survive. Most people will work for an employer and we should be thankful they do, as we need goods and services and they need funds/benefits (rights). Now I will say that I do agree with you that the belief that the next check will come allows a person to believe that they can spend all of their money, cause more is coming. I would hope, and it is a big hope, they would learn otherwise after the loss of their first job.
Although I am a Civil Service employee, and can't be fired, laid off etc., I still save more than half of my income and use the the percentage match. It doesn't make sense to me to up and leave my job as I do love assisting victims of violent crime. Also, there are opportunities for me to earn more money right at my same job! I have never felt nor been broke at my "9-5" but since I telework, I make my own hours:) I'm a singe person and can and do earn other "streams of income. " However, when people have a family they can't take chances and walk out of a job that may leave children, a husband or wife, without food or a roof, or a car. I've worked more than one job for money before and yuck! Never again! It's best to know you can make it on one income first! To me, a "side hustle" is a euphemism for "I can't earn enough money and NEED a 2nd job." No thanks been there done that!
Err. Unless you are still sponging off your parents in your 20s,30s or even 40s (still living with them) = rent free or paying a subsidised rent/living costs
My 9-5 job earns me around $130-150K. That's not enough for me, so I've taken a 2nd job. He's right, there is no safety or job security. I've been pouring my earnings into my mortgage and will have my 4BR house paid off in less than a year. When I do finally retire my monthly housing costs will be low,
A very true story.. My own story goes like this.. I was working very happy and content in my home country and then I moved to another. After a while I realized the work culture is so damn toxic (but paid good money)that I can’t keep at it for long - so I looked for ways to retire and was introduced to investing via SIP and later stocks. Fast forward 10 years i still work at another job - still toxic but recently while I resigned the old job i wasn’t fearful as a decade of investing had put me in good stead. Not that I’m rich but I’m not fearful if I’m jobless for say, 6 months. Covid has made all of us realize, that we are all dispensable and no job is safe.. I personally thank my job for making me hate the job and that helped me to start investing. This is why contrary to popular belief, I always disagree with “ You gotta looove what you do.. “ Negative. You should always look for alternative methods to thrive if you gotta do it that way while continuing to work.. 😊 Muchas gracias and Muchlove El Agustin.. your videos really inspire and educate.. ❤
Absolutely wild to state people in a 9-5 are poor due to a sense of comfortability and not at all mention how the cost of living has sky rocketed while wages fail to keep up
I work 9-5 and it has been great financially. Although i DO KNOW i live with the wolves and they WILL fire me eventually. In the meantime i save 50 per cent of my money to pay off my house quickly and leave before they lay me off. Its a all a game.
I am sorry I couldn't watch the entire thing.. Most of our Parents did work 9-5 and most are STILL working 9-5 and many retired from working 9-5. It is not a horrible thing that you make it out to be. Did your Parents work 9-5 and put food on the table and clothe you? I would love a redo of this of the positives of working a steady job. I have 3 SILS that are working 9-5 and supporting there families just fine. (by the way they are millennials) Working part time or working YT for pay is not for everyone. You sound like a millennial .. wait you are ! Not bashing but many are working hard at whatever job they currently have. I would never think of bashing anyone who is working and not sleeping on Mommys couch with no job and complaining...
Jobs are good when your value is low or when you don't want to work hard, so you get a salary to survive (maybe save a little). If you have high marketable value you're better working as self employed, saving the difference and having multiple sources of income from different clients. Perhaps Government Jobs are safer?
I appreciate how consistent you are in uploading videos. I used to follow good youtubers but when they stopped uploading more videos , It affected me , I lost touch with them . Please be consistent in future too.
Great video! I am retired now but still like your content. One question! Is that a record player I see behind you? Mine died and I want a new one. What brand is it? Oh! And I worked for myself after about 5 years of being an employee. Best decision I ever made!
It is! It was actually a moving in gift! It's a Victrola Quincy 6 in 1 music center. It has a very classic look to it and works very well. High quality too! It's nice because it has a radio and bluetooth too, so other options. I gotta get some more records, it's such a different listening experience as you get to enjoy the full album from front to back! And an excuse to go to record stores and discover new music!
I live a 9-5 Job and have over 25 years.... The trick is to pretend your living in a prison. and every dollar you make isn't yours. Basically you are a slave and a prisoner. After doing this for over 10 years your should have a substantial amount in your bank account ... but it's hard. Need to have no life and live on rice n beans, never go out etc. It's torture but you''ll have some saving
Always have some emergency savings to 8 to 26 months due to inflation in today's economy and always have passive income. Definitely have a weekend job if you have a 9am to 5pm schedule to summarize this.
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or Real Estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky to be exposed to personal finance at an early age, started job at 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
I was forced into retirement. Recently I now feel like I've been let loose from a 40 year prison sentence. I feel absolutely fabulous. I do not miss the toxic culture at my job. I do not miss the traffic. I do not miss the danger of my job. I used to feel safe driving the truck. But when cell phones came out, I used to go to work and fear every day that someone would hit me while I was loaded and sent me flying Into the Woods. I feel I do not miss my 10 bosses. That means 20 hands have let go of my basketballs the joy I feel is beyond measure. ,,,thanks for all your videos!!!!❤
Enjoy your retirement. After 40 years you’ve so earned it 😊
My 9-5 enabled me to save 75% of my income every month and retire at 37 😊
All depends what you do with your money!
Yeah, life is what you make of it!
You are the exception to the rule not the norm. 99% of people will never make enough money to save 75% of it
AMAZING!!!! I want to do the same!
@@ElAgustin The Frugality Prophet.
Jobs don’t make you broke. You do. It’s what you do with money.
Masters don't pay enough for slaves to get freed
Then increase your value to the market and you’ll get paid more @factscountdown
I guess I'm in the minority. I've been working a 9-5 job for many years and my approach to my pay was "how much of this can I SAVE" rather than "how much I can spend". That's helped me through some dark times.
I saved 60% of my income at my last job, but I was contract so I felt a sense of urgency.
My husband benefits from standard employment bc of health benefits and retirement match etc which frees me up more to invest in entrepreneurship. Not everyone should start a business. He just wants to work, save/invest, and retire early. I don’t think I’ll ever stop “working” bc for me it’s a labor of love. Both are good options :)
You’re a rare species indeed.. 😊
I am an immigrant and I’m stuck in the 9-5 work. I was feeling very comfortable since my low paid job allows me to afford basic things compare to what I would make in my country. However, watching your videos give me strength and bravery to quit this rat race. Thanks for that 😊
Save money invest back home and go back home
@@moise7648 thanks, this is my home now, I’d love to invest in my country too tho.
I am an immigrant too. Please dont quit your job this is very naive. Dont let your ego guide you.
Save as much as possible and go back to your country as a millionaire. Your future will say thank you!
I worked a toxic 9-5.job...bought stuff to cover my pain at working at that job...hamster wheel
It's a endless vicious cycle
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Avert too-good-to-be-true con tricks. Consult a fiduciary counselor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
The pandemic should have taught everyone there is no such thing as job security. When I got laid off during the shutdown I started my own business and actually was profitable during Covid. Going on 4 years now working for myself and I have 4 employees as well
I'm a self employed nurse and found myself unemployed for 3 months during Covid. Go figure. That made me realise that nothing in life is permanent. Luckily I had an emergency fund to live off and no debt. I'm now semi retired in my 50s and loving every moment.
I'm self employed. Grew my business during the plandemic. 😃
@robinnorth1809 hi I'm a nurse also,what did you do for business?
It's easier to spend LESS than make more! Another amazing video!
There is a limit to reducing expenses, and no ceiling on income generation...
@@reginaldsmith6949 @Jacquie_Kirk_111 you're both right! or rather, you both make salient points...
So true so true!
just like calories!
Yep......
But it's BETTER to spend less ......AND make MORE !! 😉👍
That's why the vast majority of financial gurus only focus on how to spend less. 😬
I wish I had the energy for a side hustle, but I need some rest and relaxation in my life after working a FT corporate job. Lol
I agree, but you could always have optional jobs, like food delivery or substitute teaching, in case anything happened to your full time or for the rare times lol you might have the energy
That's no excuse! Me got 10 jobs:
1. Doctor
2. Lawyer
3. Actor
4. Singer
5. Executive
6. Professor
7. Cook
8. Crook
9. Engineer
10. General
😳
It's good to know you can make it on one job. In the past, I needed to work 2 jobs, and it's not pleasurable at all. Nothing beats my schedule now, one job and one pay where I can live comfortably and save half my income. A government job with the District Attorney is not all bad;)
@@mangayakposowa4334 The key is to do side gigs that offer flexibility, and where you can work as much or as little as you wish! Pet sitting, hosting events, tutoring online, etc....AND saving the earnings from these gigs - can balloon into $20K! That right there is a nice nest egg, just in case!!
Definitely a 9 to 5:00 job as an extremely hard way to live but if there were no such thing you would have no nurses, no grocery store people, no policeman, etcetera etcetera. Not everybody can be a UA-camr and if they were our country would fall apart. We have to be able to depend on a certain amount of people to keep businesses and Society going.
I relate completely! I lost my job due to cuts 2 years ago, but I didn't panic, because I had been prepared. My work place had struggled financially for 5 years and I knew it was coming for some of us. It caught a lot off guard, they said, but that's not entirely true. I found a new job fast and I still save as if I don't know what tomorrow brings, cause we really don't😅
I don't like the idea of being owned. Savings=freedom❤
Congratulations! It's always better to be prepared because tomorrow is not promise.
I think more people would take risks if health insurance wasn't an issue.
Yeah, it's crazy how much I have to pay for insurance and I get nothing from it until I meet the deductible of $9,000!!
Yes my husband is T1 diabetic so it’s a must for him. But great thing I get to piggy back off his insurance and general job security (he works IT so there’s always work somewhere) so I can grow my businesses. I prefer flexibility and scalability :3
We live off his income and use mine as a sword 🗡️ and could be 🛡️ if needed
Wow Augustine 84k subs 🎉 I was there when it as 8.4k 😊you are keeping it real and that’s why you are growing without a doubt 😊 when you are genuine people hear it.
"The 9 to 5 job is a very comfortable life...and those people are good consumers that feed the wheels of capitalism." Ouch! The only "problem" having a very comfortable life is NOT saving enough $$.
I saved money and quit my 8 to 5 job for my health. I felt so guilty for about 3 years, but now I am comfortable. I can live without the rat race. I miss the income, but I don't miss the stress.
Happy to hear that
Also you forget that most people’s healthcare is…tied directly to their 9-5. And marketplace healthcare is incredibly expensive.
I started working at an airport for an airline, so I didn't have to work a 9 to 5 job. The biggest benefit from this job is that I am not always around in my circle of friends who are spending their money in the weekends or even during week days. I am either working in the evening, night, very early morning or weekends. So I always have an exuse not to go out with my friends ( spending money ) because I am at work or in my bed, sleeping 😛
Ok but then you have no social life and sacrifice your relationships
@@la6136 I live in the Netherlands and have plenty of a social life left, but not as much as other people think I should or could have , I am in charge of my own free time and I can decide if I want to be part of the spending culture or not. It's all about which priorities are important to me. btw, I have a nice circle of friends that understand me. We are nor only Dutch and very direct, but also very accepting of different lifestyles ! 😊
I feel this bc we’re paying off debt… but yesterday I went out with some acquaintances bird watching (Sandhills crane migration) so it was basically free! And it was fun to hang out. We packed lunches. I did end up buying a medicinal herb book while we were at the nature center but I’ve been meaning to pick one up anyway so it felt like a win!
At the end of the day, it depends on what you do for a living; your spending habits; and your household situation.
I agree. I delayed taking a lot of financial actions because I felt safe. But I started to realize I could be let go at any time and that’s when I made real financial progress. I paid off my student loans paid off my car and saved an emergency fund. I sleep better at night knowing I have a cushion
Not everybody wants to start a business though.
Besides that business owners are NOT immune to interruption of income. Look at all that we keep hearing about business CLOSURE
They can't even save $1000. Americans are literally born to be debt slaves
True. Small businesses have the biggest uncertainty with no benefits.
Still better than working for someone else like a slave
A side gig is nothing like a "small business", it's just supplemental income that you can earn and invest, when YOU want! A small business is way more of a commitment on your time, energy and risk-wise. A side gig with little to no initial investment is key.
We paid everything off. Now we pay the bills after investing $100 in stocks and putting $100 aside for emergencies and for miscellaneous expenses that come up (vet, miscellaneous medical expenses, etc). Then I put money aside for taxes on the house. Finally I pay bills.
I'm going to take a screenshot of this comment because I like this strategy so much!
Great video! ❤ Another part of the false security is not realizing there are some industries that will squeeze you out as you age.
Gotta save up and get to income replacement with a passive stream.
I use to work at a restaurant. The same group of office people would come in EVERY day for lunch. Some of them had kids in daycare. Most Houstonians need a car with gas and insurance.I can only imagine that the actual amount they had left over was really small. As a contractor, I live in fear of losing my job and not having security. I am an advocate of “safe” jobs. The “safe” jobs require living in the reality of what you are actually spending and what you are actually making.
There’s always a trade off. You’re always working for someone, a boss, customers, clients, employees, viewers, Uncle Sam, etc. Some bring more pressure some less, but there’s not really an escape unless you get a windfall that frees up your time to no longer feel pressured to serve another to gather resources.
Exactly.
Passive income is only way to financial freedom
@@FactsCountdown the best options for passive income require a large nest egg. So you need to save a large enough amount to generate a livable income, or get a windfall to use for generating income. That passive income will come from business, and you benefit through full or partial ownership of the business. The key being that you aren’t toiling in the business, but simply owning it.
i.e., rental income is not passive income if you’re the landlord.
I really dislike all of these lifestyle and finance youtubers pushing the narrative that we all need to be setting up a side hustle. I absolutely love my 9-5 routine. My job allows me the freedom to spend, save and invest monthly. I mean, what more do you really need? This whole side hustle BS is being pushed wayyyyy too much on social media and it's just going to cause people lifestyle anxiety and further perpetuate the "I'm not doing well enough' mentality.
Absolutely agree with you. I think what these gurus must teach is for people to keep saving and investing every paycheck so the could be prepared for life uncertainties and build wealth along the way.
I love my career as an engineer, the pay and benefits are amazing but the work is very draining/exhausting. Even though I like the fine things in life and love expensive hobbies, travelling, I'm always saving/investing so it will allow me to take long breaks whenever I feel I need to.
Actually when you have a side gig that you actually love, it's not "work", its a win-win, and it's not anxiety-derived either. When you have additional streams of income, you are not beholden to an employer, who may get sour at any moment, and lay you off, for totally invalid reasons too. It has nothing to do with "not doing well enough"--not for me at least.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
Coming from a 51 year old, I call bullshit. Its called living beyond your means, and thats it. Want more, want things others have, work harder, or 2 jobs. Problem is many people have the mentality of never enough. Ive been in the work force for over 30 years now, and grew up working on a family cattle farm. Now my Mon Fri job allows me to be comfortable and be prepared for emergencies and life changes. Ive been laid off in the past, and went out, and got another job.
BS- companies need to pay more! I didn't go to freaking school to make some idiot rich. My whole entire adult life has been listening to idiots say I owe them. Money is regenerative. It only disappears because everyone hoards it.
@@stanleymcvay9283 Ive had that said to me to, and left those jobs. Ive also lived in 3 different provinces and moved with a family of 3 and a wife with no job, to get better opportunities. All depends on how much you want to take a chance. But to each their own.
Disregard inflation and our shitty system where everything is over-priced. A shitty, mildew-ridden apartment in 2015 was around $400. Now, it's $1600. More and more people are barely squeaking by. How are people supposed to make it (especially people who just got out of college)? Sell drugs?
As we found out, sometimes the classic 9-5 with benefits is the very best option when life throws the curve ball of severely medically fragile babies. Life’s curveballs make the “ right” decisions impossible because the “ unicorn information” about life’s future unforeseen events cannot ever be known. We all do what we think is the best with the knowledge we do have at the time. That’s reality, and, yah, harsh.
I work in Healthcare and do work 7-5 4 days a week..I'm paying off my debts .. and I've been there 19 yrs.. will retire in 5 yrs.. love my job. So it can be done! Plus I always have a 3 day weekend !
Wow,what specialty in healthcare?most healthcare workers hate their jobs.
I always advise young people to go into health care.
How old will you be in 5 years?
I feel like these people are bots. They aren't elaborating in the slightest, just making wild claims that go against the learned experiences of 90% of people. Don't fall for it.
Man this video hit home..
I recently retired from a stressful job. I was able to set aside money in my savings and I received a pension. What a relief it is not dealing with the stress. I actually make as much or more now than I did working
Paycheck to paycheck kept industries thriving kept Mom and Pop stores in business and was very needed in America dont knock it till u have done it for 45 years and have money in your old age to keep your roof overhead and your family fed.😊
...what's 9-5? More like 7-6 to make ends meet lol😅
Agreed! For a long time I worked a 9 to 8 schedule. Quite draining 😢
Exactly
Or 6-8 that my dad would often do.He was an excavator. Gone by the time we children got up.Sometimes made it home for supper at 6 .If not , he came home and ate later.
I do 8-8 or 7-7😂 I think 9-5 is just a general term for working corporate
In the case of Americans no time off , work cradle to grave
Another problem with some 9-5 jobs in USA: not enough PTO
Yeah, it's so crazy how little time off we get in the US. Many places don't even offer anything!
@@ElAgustin many times it's worse for part time folks, who are expected to always be available
Americans think 3 days off is a sabbatical
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
Interesting. I have a lump sum doing
absolutely nothing at all in my bank
account, I wanna get something started
with it. You seem to be doing excellent
for yourself, how do you achieve this?
So you guys know her too?...
Wow she made my husband and I have our own house and car.
She is good! 👌
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I am living proof and going through hardship because of all the things he mentioned, I did them. And my mistake was to think that I would never get tremendously burnt out at my high paying job.
this is very true, it usually does for the 90%
There is also a category of people like me who is on a full time 9 to 5 Job with good paycheck but still live in a sense of urgency and feels everything is not permanent. May be we hate our job or due to midlife crisis or family concerns. There could be multiple reasons.
True
Best UA-cam video of 2024! Thanks!!
I work 4:30am-6:30pm. I drive a school bus. I don't have enough money to pay my rent or other bill and medical insurance is nonexistant. (Deductible is $3800.00) I would never use that much in a yr! Then it starts again the next yr. This is a medium paying job. Not high but it's certainly not a minimum pay job. The publics children are rude and very disrespectful to everyone! I'm exhausted mentally and physically when i get home. It's a dead end job also. Not sure if i would want to move up to deal with the parents even more! 😢
Been telling my gf to find a better job and save her money for years , all just falls on deaf ears . I don't even work at the moment as I often have more money than her lol . Told her to sort her wof on her car out , she won't and in the end , end up costing her way more when the cops say you can't drive this on the road . A good trick my friend told me , is you open 3 bank accounts and just drip feed the other two and don't touch them .
So tired of losing the most beautiful time of my living days to a draining job. Though breaking through it will be a difficult time for sure. You kind have to work late nights and early mornings to build a business then leave the rat race
Yeah, no matter what you do you will always have to make money.
I hate my 9-to-5 job… I am on vacation right now and my boss called me because he had an Excel problem… 😝
Sounds like a reason to join the rat race! I actually like a 9-5, a set time, and a set expected amount. I like to plan my budget ahead and so having some expectations were good. I also like to stay where I’m comfortable, less stress however I never believe I’ll have this job forever or never lose it.
Sometimes things just happen and you can’t prep or defend yourself against it all. All I want is to minimize the impact on me.
He who does not save is poor even if he works!!! FIN.
The only thing that is certain in this life is your death.
Everything you want is on the other side of fear.
Money is not the goal, Money is a tool, Freedom is the goal. Viva la Libertad Carajo!!!!
You need more subscribers, i’ve been binging your channel every time i go to the gym it’s in my headphones
People should consider that even when they are safe with their job and their paycheck, they are losing compounding years. If they blow all their paychecks in their twenties and thirties, they'll miss 20 years of compounding and the'll end up with ~1/4 of ammount they would have if they had saved.
So true... plus running the treadmill seven days a week. Hardly any free time for things we really enjoy.
I worked in a job which was probably one of the most secure in the UK back in the 80s and 90s , it is no longer . In fact job security in my country is a thing of the past .
Those that have job security, are working hours beyond belief, not so much they are in debt , it is because they are put under pressure, with no or very little protection from unions .
Interesting topic. There are certain fields, like education, where you're likely to need the stability of the 9-5 type job, I mean, if you want to teach in a classroom. What's sad is that the benefits of many 9-5 type jobs were so much better than they are today: I agree that for many people it just makes more sense to go out on your own. But for the risk-averse, I think the old 9-5 still makes sense. Obviously it's not the JOB that makes (or "keeps") you broke, but the sense of dependence a regular paycheck can create. You simply need to take responsibility for your finances, no matter what you do to support yourself.
Responsibility is key!
In Brazil you can do an written exam and you might become a public employee at a government department/agency, and your job will get protected by law so you'll never get fired unless you really mess up, like committing a serious crime and go to prison. Although, many people even with a real stable job, will be in debt and broke for their whole lives.
Having side gigs also challenges and at times can teach you some valuable skills - like public speaking, customer relations etc.
This is soo true . I have freelance friends who have always understood the feast /famine mindset where as I stupidly didn't think this way until recently .
I realised I couldn't even quit my job because I was a slave to debt and poor planning .
Didn't keep me broke, but I lived below my means and was saving and investing 15% to 20% of my pay every month for decades. Even now, after an early retirement, I still reinvest 20% of my dividend income back into income generating / paying equities.
Everything you said is so truth brother
Totally agree with it all. I am trying to set other sources of income but it is so frustrating to get home late after work and feeling so tired you can’t work son your stuff. I can, but it’s hard. I have to say though I am grateful that I have got myself in a position I can manage my expenses with working only 4 days a week. This allows me to have more time and energy for the rest. When the 3 day weekend is over and I have to go back to work on Monday I sort of fell that is a waste of time and a drag on my life. But for now I can’t manage without. I hate it though.
Excellent point with "Real" 9 to 5 schedule!
Secure jobs stopped being the norm about 30 years ago. The standard job "allows" many people to feel the false sense of security, it does not "make" them feel or do anything. I think it is important to put the individuals actions on the person, not the job. Not everyone is leader or entrepreneurial and they need to survive. Most people will work for an employer and we should be thankful they do, as we need goods and services and they need funds/benefits (rights). Now I will say that I do agree with you that the belief that the next check will come allows a person to believe that they can spend all of their money, cause more is coming. I would hope, and it is a big hope, they would learn otherwise after the loss of their first job.
Late 80s early 90s for sure
Pay yourself first. Act your wage. REPEAT
This is one of the best videos about 9-5 jobs 👏
Its definitely not for everyone, but quitting my job was one of the best decisions ive ever made
Although I am a Civil Service employee, and can't be fired, laid off etc., I still save more than half of my income and use the the percentage match. It doesn't make sense to me to up and leave my job as I do love assisting victims of violent crime. Also, there are opportunities for me to earn more money right at my same job! I have never felt nor been broke at my "9-5" but since I telework, I make my own hours:) I'm a singe person and can and do earn other "streams of income. " However, when people have a family they can't take chances and walk out of a job that may leave children, a husband or wife, without food or a roof, or a car. I've worked more than one job for money before and yuck! Never again! It's best to know you can make it on one income first! To me, a "side hustle" is a euphemism for "I can't earn enough money and NEED a 2nd job." No thanks been there done that!
Being comfortable with being uncomfortable is a must have skill in order to reach success
Time is the most valuable thing a man can spend. - Theophrastus
A waste of time is the most extravagant and costly of all expenses.
Err. Unless you are still sponging off your parents in your 20s,30s or even 40s (still living with them) = rent free or paying a subsidised rent/living costs
Perfect timing you lived once go after your dreams.
My 9-5 job earns me around $130-150K. That's not enough for me, so I've taken a 2nd job. He's right, there is no safety or job security. I've been pouring my earnings into my mortgage and will have my 4BR house paid off in less than a year. When I do finally retire my monthly housing costs will be low,
"This to will change" are the wisest words ever written.
One thing I am proud of myself is I am never a sucker for life style creep and wasteful spending makes me ike
I feel god send you to me. I needed to hear all of that. I watched a lot of your videos. I enjoyed all of it and thank you sooooo much ❤
A very true story..
My own story goes like this.. I was working very happy and content in my home country and then I moved to another. After a while I realized the work culture is so damn toxic (but paid good money)that I can’t keep at it for long - so I looked for ways to retire and was introduced to investing via SIP and later stocks. Fast forward 10 years i still work at another job - still toxic but recently while I resigned the old job i wasn’t fearful as a decade of investing had put me in good stead. Not that I’m rich but I’m not fearful if I’m jobless for say, 6 months.
Covid has made all of us realize, that we are all dispensable and no job is safe..
I personally thank my job for making me hate the job and that helped me to start investing. This is why contrary to popular belief, I always disagree with “ You gotta looove what you do.. “ Negative. You should always look for alternative methods to thrive if you gotta do it that way while continuing to work.. 😊
Muchas gracias and Muchlove El Agustin.. your videos really inspire and educate.. ❤
Absolutely wild to state people in a 9-5 are poor due to a sense of comfortability and not at all mention how the cost of living has sky rocketed while wages fail to keep up
Love your plant wall 🌱 🪴 ✨
Amazing video and makes you realize we can trap ourselves 🤔
Thanks!!
Preach bro!!! Excellent Vid and makes sooooooo much sense!! JT
I work 9-5 and it has been great financially. Although i DO KNOW i live with the wolves and they WILL fire me eventually. In the meantime i save 50 per cent of my money to pay off my house quickly and leave before they lay me off. Its a all a game.
Brilliant! Thanks Austin 😊
This is a wake up call for me. Thank You Agustin!
Good video. People need to value the time they have. It may be less than some think.
u hit the nail on the head!!
Why the hell would you get to work at 8am if you have a 9 to 5 job? Sounds very American.
Great video. I love that you explain things in such a straight forward, understandable way 👍🏼
Austin: “9-5 keeps you broke”
FAANG software developers starting at $185k entry level and $500k after 10 years: 👁️👄👁️
You are totally reading my mind.
I am sorry I couldn't watch the entire thing.. Most of our Parents did work 9-5 and most are STILL working 9-5 and many retired from working 9-5. It is not a horrible thing that you make it out to be. Did your Parents work 9-5 and put food on the table and clothe you? I would love a redo of this of the positives of working a steady job. I have 3 SILS that are working 9-5 and supporting there families just fine. (by the way they are millennials) Working part time or working YT for pay is not for everyone. You sound like a millennial .. wait you are ! Not bashing but many are working hard at whatever job they currently have. I would never think of bashing anyone who is working and not sleeping on Mommys couch with no job and complaining...
9-5 was EZ pre covid.
Jobs are good when your value is low or when you don't want to work hard, so you get a salary to survive (maybe save a little).
If you have high marketable value you're better working as self employed, saving the difference and having multiple sources of income from different clients.
Perhaps Government Jobs are safer?
Great video and 100% TRUE! subbed. You have a great speaking demeanor.
I can't wait my next paycheck
😂😂😂😂😂
Where are 9-5 jobs? I see 8-5 jobs or 9-6 jobs.
What's the real culprit: the 9-5 job or stupidity (or low emotional intellect)?
I appreciate how consistent you are in uploading videos. I used to follow good youtubers but when they stopped uploading more videos , It affected me , I lost touch with them . Please be consistent in future too.
Great video! I am retired now but still like your content. One question! Is that a record player I see behind you? Mine died and I want a new one. What brand is it?
Oh! And I worked for myself after about 5 years of being an employee. Best decision I ever made!
It is! It was actually a moving in gift! It's a Victrola Quincy 6 in 1 music center. It has a very classic look to it and works very well. High quality too! It's nice because it has a radio and bluetooth too, so other options. I gotta get some more records, it's such a different listening experience as you get to enjoy the full album from front to back! And an excuse to go to record stores and discover new music!
I live a 9-5 Job and have over 25 years.... The trick is to pretend your living in a prison. and every dollar you make isn't yours. Basically you are a slave and a prisoner. After doing this for over 10 years your should have a substantial amount in your bank account ... but it's hard. Need to have no life and live on rice n beans, never go out etc. It's torture but you''ll have some saving
UA-cam is also paycheck to paycheck but its not limited you can make more
Always have some emergency savings to 8 to 26 months due to inflation in today's economy and always have passive income. Definitely have a weekend job if you have a 9am to 5pm schedule to summarize this.
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or Real Estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky to be exposed to personal finance at an early age, started job at 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
Excellent content and commentary! Spot on!! ❤🎉❤
Intelligent! Thank you!