40 Years Old and Nothing Saved For Retirement - Top 10 Recommendations

[@abroadmentally5127]

1. Never too late to start, shift your mindset 2. Take inventory of your situation 3. Know your numbers 4. Commit to 30 day spending audit 5. Keep more of your own money 6. Give your money a job 7. Earn more money 8. Plan to work longer 9. Improve you physical and mental health 10. Prepare for when things go wrong

[@joeclay4700]

Thank you, I didn't even need to watch the video!

[@reignercastro3085]

"Give your money a job!" Love it.

[@nestlund]

like DAVE RAMSEY has always said, each dollar has a mission.

[@BISOBOKA50B]

its a power statement

[@ninajohnson3456]

Powerful!!!!

[@trqster]

Good advice! At 40 I was recently divorced and living the crazy single life again, no savings at all, just enjoying life to the fullest. At 45 I started working hard and making savings again and now at 50 I'm on top of my game again. It's all a matter of will power and focus as anything else is life.

[@TomPoltersdorf]

@@trqster Well said and good for you! 👊

[@OroborusFMA]

At the end of 2008 I was 45, had very little saved, and then I got laid off. For two years I picked up online gigs and then I began a home business. Then I got rehired and kept right on going with the gig work and home business. Three income streams. Today my home business makes me nearly as much as my "real" job allowing me to drastically increase my retirement contributions. Now 61 and a net worth of about 1.2 million. Added a fourth income stream with a Fidelity investment account focused on dividend stocks. Wish I had been this serious in my 20s and 30s but I should be alright.

[@TomPoltersdorf]

That's an incredible journey. Congrats on building up to four income streams and achieving a 7-figure net worth. It’s amazing how having a profitable side business can completely change the trajectory of your retirement savings.

[@BISOBOKA50B]

@@OroborusFMA congratulations upon the achievements, your journey to a net worth of 1.2. Is encouraging

[@marz083]

May I ask, what kind of home business you have? I'd like to do something similar and I have some ideas I'm interested in possibly pursuing.

[@knockoutlightz]

Watching in my 40s... And only just starting I feel so behind!

[@estevez1942]

Gotta start somewhere

[@TomPoltersdorf]

@@knockoutlightz Better late than never and you still have time on your side! Stay focused and keep going 💪

[@tanette3275]

Same!

[@incurab1e]

@@barbborstein7640over half a million in 3 years! Wow what do you do

[@loveyourtime4143]

Watching at age 39 lolol

[@jodo7814]

I’m 30 (31 exactly lol) and I feel like I need these types of videos to further engrain an investor’s mindset.

[@TomPoltersdorf]

Mindset is everything

[@edhcb9359]

I had next to nothing saved at 40 years old and then found a company with a great match and became a 401k millionaire after 13 years.

[@TomPoltersdorf]

Congrats, that's amazing! Your journey is proof it's absolutely possible to make it happen.

[@darkman35]

13 years is quick!

[@r.massattack4052]

Great Job taking advantage of the match. So many people do not understand how much that adds up. Keep making that $$$

[@Bob-yh7ir]

Great job !! It is doable. Had similar trajectory it sounds like. Took me 16 years to hit that first million. That led to early retirement. Keep it up and get out as soon as you can.

[@edhcb9359]

@@Bob-yh7ir Our company has a 12% match so that helped a lot.

[@Westcoastguy]

Agree with everything on your list Tom except number 8 and working till 70. The whole starting early is to avoid having to work so late in life and to enjoy retirement. I don't want to be one of those guys who paid into SS their whole life and didn't collect a dime cause they passed away too early. I subscribed Tom and saved this video. Great info.

[@TomPoltersdorf]

@@Westcoastguy I completely agree! My other video, “6 Reasons To Retire As Soon As Possible” touches on exactly what you mentioned. I’m happy you enjoyed this one and thank you for subscribing!

[@Westcoastguy]

@@TomPoltersdorf No problem.

[@brenzipagan]

Im 36. late but not too late. Thank you

[@TomPoltersdorf]

@@brenzipagan You got this 👊

[@Riggsnic_co]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[@JacquelinePerrira]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@JacquelinePerrira]

Mind if I ask you to recommend this particular coach you using their service?

[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@justinfolk2832]

Noone shoyld have to work more than 30 or 40 years of their life...thats it u start working at 18 then 48 or 58 is when you shold not have to work...67 is absolutly absurd...the fact that my house is paid off but i still pay taxes and can still lose it is also ridiculous.

[@latebarz]

They don’t talk about that part though, the fact that you don’t really “own” anything. But I agree, you can’t work your whole life and not enjoy it!

[@xreborncjayy5810]

​@latebarz yes most people don't make it to 65 people wanna enjoy and live life before 65

[@sagepirotess6312]

Well I cant blame the ignorant, I just call them I'll informed. No property taxes in Vietnam and about 1/4 the globe. Simular to no tipping. But Americans are suckers throw money away easily. Me I built a beachfront house ha long bay 2023, cash, and bought a holiday home cash this year.

[@incurab1e]

You have to realise one day that nobody is going to help support you and you’re on your own. Life happens and absolutely you might need to work more than 40years of your life.

[@sagepirotess6312]

@@incurab1e I disagree. True Americans are praised from birth independence, individualism and work. Most countries value and build families for this reason. They aren't alone.

[@Gforu81]

I really appreciate the realistic approach to this video. I'm so tired of videos with people who have a bunch of money or young. I mean it's ridiculous. Thank you.

[@DKTijam]

What I appreciated a lot about this amazing video are the following: 1. Concise and cohesive. 2. Vocal tone is welcoming and very reassuring. 3. The words used are very comforting. Subbed. 10/10

[@TomPoltersdorf]

@@DKTijam I appreciate your kind words and glad you liked the video!

[@Lifeisgoodonearth]

That mind set shift is the most important factor. It took me a long time but I can now go to the mall and not buy a thing when in the past I would buy a bunch of clothes and stuff I did not need and charge up my credit cards.

[@TomPoltersdorf]

100% Mindset is everything. That's awesome to hear how far you’ve come in shifting your mindset around spending. Congrats on sticking to your goals. That kind of discipline will pay off in so many ways!

[@loganc5456]

I am in my 40s and I also do not have savings, but I do not regret it. I have traveled alone and with my family, bought everything I have wanted and have lived my life to the fullest. If I die today I'd be happy and not thinking that I have a million dollars in the bank that I never used.

[@TomPoltersdorf]

@@loganc5456 Love this

[@meucanal1197]

But try save it today! No matter what!

[@SammyNdlovu1212]

How would you be happy if you’re already dead lol

[@Food4thought1234]

Well I do everything you do and have a good saving.. difference is your not gonna be able to that forever.. unless you have savings. It’s not about never using. It’s about having it when you NEED it.. and you will need it eventually… good luck

[@ShinNorimaro]

Uhh….yay? If the subject of the video is aimed at those who can find the information useful….what do you gain except wanting attention?

[@kungdu]

Live poor now and live rich later. Lift style creep is a pain in the a$$.

[@nestlund]

Drive poor and invest and you will drive better than 80% of the country after you retire.

[@mf2879]

Be rich when you’re too old to enjoy life.

[@isaacgcooper4439]

I am 32 thanks for the video about to start my investment journey

[@ayara8157]

It will be the best thing you've ever done. Wish I was your age...

[@BISOBOKA50B]

start my bid brother, your young one is here, am 11 and am already doing it

[@Keelyn1984]

Another thing you should regularly do is regularly check your contracts and subscriptions. Lately I've cut my Netflix subscription fees in half by allowing ads to be played. So far it's tolerable. I'm also about to change my electricity contract to another one from the same provider that's 20% cheaper

[@TomPoltersdorf]

@@Keelyn1984 Great tips for sure 👍

[@michaelsteiner5775]

When our house is paid off, I will be 41 and my wife 37. So we do not have any very high savings so far but with the monthly costs of the credit, it is currently just not easy to do.

[@martinatravis23]

It definitely isn't easy. Remember, slow progress is better than no progress. Maybe putting your savings into a high yield savings account can help with incrementally smaller gains as well

[@BISOBOKA50B]

Thanks so much for the power statement "give your money a job" instructing us to let our money work for us , instructing us to make our money a slave instead of it enslaving us. thanks for the powerful teaching

[@AnonimoslawAnonimowy]

Well it's very attractive not to have to work but let money do that.

[@BISOBOKA50B]

@@AnonimoslawAnonimowy surely with this the sky is the limit

[@rudra7615]

"If you have a broke mindset you will never be able to have a wealthy bank account" This..this is extremely powerful and shouldn't be ignored. Do not be a pessimist, you need to be an optimist and have nothing affect your goal. You need to believe and stick to the "plan". Absolute gold of an advice, I'll be using this on my kids. Not just for finance but generally in life.

[@TomPoltersdorf]

@@rudra7615 Love this

[@SeanNMathis85]

39 years old here! I put approx 1k into my stock portfolio every month! Over 60% gains as well. I like individual stocks because you just have way more potential for growth

[@TomPoltersdorf]

@@SeanNMathis85 Amazing!

[@csick11]

Individual stock does pays off more but its hard to sustain profits with msrket swings and volatility

[@daynasafranek7807]

Wait until you’re 50 plus and have this realization , or set money aside and lose it because of something you can’t control.

[@geggs1]

I’ve got $1.82 million. It’s all in dividends. Monthly payout is around $31,000. Very aggressively portfolio

[@TomPoltersdorf]

@@geggs1 Nice work 👍

[@Swiss816]

Does this advice apply in a crumbling economic society?

[@thepikeangler2022]

Here in the UK I know of someone who paid into a private pension and they get no more than someone who never paid into a private pension and are on benefits. So what's the point years of going without? They could have to pay for care for a sick family member at a rate of £1000 per week from their savings, taking away inheritance from their children and money from his wife who still has to lead a life.

[@billykulim5202]

dont install any online shop app will also help, with those app you will buy unneceries

[@michaelj.anderson1116]

I'm 46 and don't have anything. Don't know the first thing about investing or where to start learning.

[@TomPoltersdorf]

@@michaelj.anderson1116 Read the three books I listed in the description of this video. Watch more of my videos or any personal finance videos online. Do this multiple times because we can only take in so much information at once and retain it.

[@Gforu81]

I'm 43 in the same boat ....it's never too late apparently

[@thepikeangler2022]

Some great advice. Just a few things that ive found may cause issues which don't have any control of.. 1- Interest rates. The UK for almost 10 years has less than 0.5% paying on tax free ISA's so you could gain nothing on investments even if large 2- Inflation is always chipping away at your money and its impossible to beat for the public in my opinion. 3- Changes in law or taxation made by governments mean overnight a large amount could suddenly be wiped from certain things for example: inheritance, pensions, healthcare etc..

[@Draggonny]

Are you thinking of cash ISAs? Investment ISAs are just a tax exemption. They pay you nothing, in fact you often pay to use them, but your investments accrue whatever dividends and growth the individual investments achieve. Cash ISAs aren't investments, they're just a savings account and not worth having for people who aren't incredibly wealthy.

[@thepikeangler2022]

@@Draggonny think I'd agree with you there. For people with a small amount of savings it's just damage limitation really.

[@stevensmith3826]

thanks..I am on the course,,

[@Niafunn]

Keep it up man! The people will come! This is a great video

[@TomPoltersdorf]

Thank you I appreciate the kind words!

[@erikjuarezdk2367]

I'm 34 now and have been self-employed for about 4 years. Which has been a goal of mine since my 20's. I was not making a lot in the beginning, and to be honest I don't make a lot right now, but because i've work very hard for every penny the last 4 years (and before going full time) I really try to no waste my money. I've never taking a loan(other than a little from family), I have never had debt until me and my gf bought an apartment 2 years ago. We don't have a car. And i'm not luckily not a big spender. This year I made more than ever and I now just started getting my savings started and started investing - since october 1st i put 3k dollars in my savings and have a goal of getting to 5k before 2025 and 15k in total for the rest of 2025. So basically I made more this year, than I thought I would, and now that I have a little bit of knowledge about money/savings, everything is going to the savings account or being invested. Appreciate the video, great for us who are not young now more and are first taking these steps now!

[@TomPoltersdorf]

@@erikjuarezdk2367 That’s awesome congrats on hitting those milestones! You’re making fantastic progress, keep it up!

[@hbomb168]

WTF no one should have to work till they’re 70.

[@Swiss816]

70 today. It'll go up again to 75 soon

[@summmmmmable]

If you’re enjoy what you’re doing, you are not working.

[@Airsoftshowoffs]

A hamster on a never ending wheel of debt, if you are just a employee at a company.

[@justhomas83]

Chasing money just to leave it all behind once you die.

[@billykulim5202]

in asia people 70 still need works, because so low education of money managemen here, and the goverment dont care ,people keep working until they died

[@joshcal7370]

One of the really big things I think is important to note when you start cutting back on expenses, is to do it slowly. Most people are going to have a hard time completely stopping a habit like getting coffee or eating out. If you try to just cut it completely, it's very likely you'll end up breaking. Give yourself time to adjust slowly.

[@TomPoltersdorf]

@@joshcal7370 That’s spot on! Gradual changes are much easier to stick with. It all comes down to finding that balance and making sustainable adjustments.

[@VoiceOfThe]

I see a daily coffee takeout as a priority in my life now I’ve retired. I’ve knocked the bar culture on the head so rarely venture out on the evenings. Simple pleasures like a coffee is where I get my satisfaction from now.

[@TomPoltersdorf]

@@VoiceOfThe Love that

[@joshcal7370]

@@VoiceOfThe That’s a great point, you can always cut back more, but there’s a point when you’re sacrificing your own happiness for it. All the money in the world doesn’t mean anything if you have to sacrifice all of your happiness for it.

[@tubatus]

Thank you, i think the majority is building their financial wealth at 20 from 0. This leads to the scenario beeing 35-45 without significal investments (maybe a house which is not paid off).

[@JoshOfAllThings]

I have a roth 401k, and my wife has a traditional. Between our contributions and employer match, we have around $3000 a month going into retirement.

[@TomPoltersdorf]

@@JoshOfAllThings 36k a year into retirement savings is phenomenal! 👊

[@JoshOfAllThings]

I'm 40, and my wife is 46. The plan is for her to retire at 62 with her pension and SS and my income for a few years. I'm going to try to retire at 60 as long as the market has done well. According to our financial advisor, we should be able to withdraw around 4% and not run out of money.

[@againstthemachine86]

Buying a bigger house is sometimes justified. I lived in a small 3 bedroom apartment which was great for a newly married couple. One of the rooms was taken by a part-time dress hire business my wife runs. Once we had our second child, things became really cramped. Around that time I also found a higher paying job and shortly after bought a new home. Our living space is so much better. We are not cramped and in each others face and are much happier even though it costs double my old apartment. I was also fortunate enough to be able to keep the old apartment when and now currently renting it out. I'm not making a profit at the moment because the rent income is slightly less than my monthly installments towards my bond/mortgage, however its something my kids will inherit one day so at least they don't have to start from zero like I did. So even if my business ideas don't ever materialise, I still have 2 important assets I can hand down to my kids.

[@TomPoltersdorf]

@@againstthemachine86 Love what you did and what you’re doing 👍

[@beerzo]

Well done. Im 45 without a penny to save.

[@7SideWays]

Cutting expenses is great, but what you invest in after being debt free moves the needle. Index funds/paper securities for skinny survive FI, specialized investing in what you know for better.

[@TomPoltersdorf]

Yea, you nailed it. Cutting expenses is a fantastic milestone, but it's only half the battle. Becoming an informed and disciplined investor is where the game really changes and long-term growth happens!

[@lyndapham4022]

What would you recommend if I’m 52 and am now finally completely debt free except for fixed $2000 monthly expenses. I have about $2500 extra from income each month. I opened a ROTH this year and fund it max. I went from being a carefree careless spender to now being overly frugal it gives me anxiety.

[@TomPoltersdorf]

@@lyndapham4022 First off, huge congrats on becoming debt free-that’s an amazing achievement! It’s understandable to feel some anxiety now that you’re in a different financial mindset. One suggestion is to start by getting a clear idea of what you’ll need at your ideal retirement age. Knowing that target number can really help relieve some of the stress, as you’ll be able to track your progress and see that you’re on the right path. Without that range, it’s hard to know if you’re on track, and you could be worrying unnecessarily if you’re doing better than you think!

[@JacksonLeoWtah-b2i]

I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.

[@uralmutlu4320]

Wait for it to go down to around 50k and put all your spare money into it. Wait a month and sell at 65k+, you make 30% in a month... I thought of this couple months ago, but i didn't have the cash.

[@commentator12300]

I am 48 years, but no saving, only a small house. But its OK! blaming the past never gonna help you to the future! financial education is important for young one!

[@lazyhulk2276]

The first point should be why to trust banking system FDIC doesn't have enough to cover banks. I believe. The future is to uncertain.

[@JacksonLeoWtah-b2i]

Fantastic video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

[@karlt1980]

Hey Tom. I’m 45. Nothing saved for retirement and no house. I’m not a complete bum. I have been building a business for the last several years and am currently in the process of selling it. I have about 250k in my savings account (yes a regular savings account) and will be selling my business for about 600k pretax. So hopefully I come out of that with $400k. So I’ll have $650k. My question is where should I put it? Should I go full on Dave Ramsey and buy a house cash, then invest the rest in a Roth IRA and GS Mutual Funds. I’m in California, so even a treehouse will run me about $550k, so there won’t be much left. What are your thoughts?

[@raljix1566]

This is actually a really great video to build a strategy off - Thanks man!

[@TomPoltersdorf]

@@raljix1566 Awesome I’m glad you like it!

[@BISOBOKA50B]

I thank God, and the people he has placed before me, I am 11 years of age and I started. After reading Rich dad poor dad my father paid me on the completion of the second reading of the same book. I saved the money in a bank, however months later after learning that my money was idle in the bank I removed it and invested where there is compound interest in mutual funds. Am on my way and still need more knowledge. lets move together,

[@jjames11984]

You can become wealthy at any age if you put the work in.

[@TomPoltersdorf]

@@jjames11984 Agreed 👍

[@CrynogarTM]

I am 40 and I saved $486.000 so far. And I started saving by age of 16. Until my retire I will have saved more than $1.4 Mio. Beside my physical Estate Investments.

[@TomPoltersdorf]

@@CrynogarTM That’s awesome! Keep it going 💪

[@nestlund]

No college here and retired at 55 with a few million. If you just put away 16K TOTAL ($130/month) age between 18-26 that will turn into 1.5 million by age 65.

[@TomPoltersdorf]

@@nestlund Compounding interest at its best. Well said.

[@JoJo-v3f]

You did a great job nothing tp have nothing to lose

[@MrTedTederson]

I started at $0 in July 2020 at the age of 44. Alimonyband child support prior to then drained me of my income. But four years later I'm already up to $262k due to im apparently pretty good at investing

[@TomPoltersdorf]

@@MrTedTederson Incredible turnaround. Keep up the great work.

[@ICEsmokeMirrors9]

You’re not even guaranteed to be here to spend it. No fay is promised. Just live life and do the best you can. I’m on that boat now. I’m saving for retirement and also looking into other things to make money to add more.

[@TomPoltersdorf]

@@ICEsmokeMirrors9 Yes!

[@d4ngerous4]

Just remember tho people, although this is good advice, life is cruel, its also important to enjoy life now because you never know what might happen.

[@andresleiva6973]

Almost 40 nothing saved here, but invested. Properties and two companies. It's never too late!

[@TomPoltersdorf]

@@andresleiva6973 Yes! 👊

[@vh1775]

I started saving into my pension at 22 but I think I selected the Worst fund i possibly could have.

[@maxiimillion33]

I'm 43 with zero saving and no family yet, still investing in my education and never missed a day of work. The next step is focusing on trade strategies and connections.

[@sakidickerson]

I'm 34 with 120 in my investment account! 😅 Growing a little every day

[@TomPoltersdorf]

@@sakidickerson Keep going 👊

[@yaboizae]

What investments would you suggest for a 36 year old such as myself

[@sakidickerson]

@@yaboizae I like dividend paying ones. Look up a list of dividend kings and aristocrat's. Companies that have increased their dividend payments for a solid 25 or 50 years straight. Those are proven good choices unless something insane happens. Reinvest the dividends and keep investing a little every day and watch it snowball. I don't like chasing growth stocks and trends. This is the long way but it's like putting your money on auto pilot and it's exciting when you get the notification that you're getting free money for your investments and they're growing

[@pedrozatravel]

We all are going to retire whether you want to or not, not many can physically work past 65, the only thing you can change is how miserable you will be when you retire. That is the question everyone has to ask themselves and that will motivate you to spend less and save more .

[@kevinanderson3753]

I started at 40 but it wasn’t much of a choice. Started early and through lay offs I pretty much had to use my 401ks. Currently saving 18 percent of my pay each week. Trying to catch up.

[@TomPoltersdorf]

Starting over is tough, but saving 18% now is impressive. Every step forward counts. Keep it up 💪

[@kevinanderson3753]

@@TomPoltersdorfthanks

[@aaronkolatch5211]

I'd like to know your opinion. I've been investing in my 7 year old son for the past year now. My wife and I were talking the other day, and she said it would be good for him to use the money to open a business one day when I give it to him. I told her it would be smarter for him to buy his house straight out so that he doesn't have a mortgage payment. She thought paying for a house in full was a stupid idea when he can open a business and pay for the house with the money he makes from his business. I said with a paid for a house he can still eventually open a business and not have to stress out over making enough money to make his house payment. What is your take on these two opposing opinions?

[@Draggonny]

You don't have to go all-in on one or the other. A big deposit for a house will keep the interest rate low and his housing situation secure. Having some money towards a business means that they get a leg up but they will also have to invest their own time and money so they will value the business more and have more work experience before they go solo. I'd recommend giving the money over in two payments too. You don't want to be relying on an income from a new business when you're buying a house. It's easier to buy a house while they're in salaried employment.

[@JarreauWilliams]

Love this video! Thank you!

[@TomPoltersdorf]

@@JarreauWilliams Glad you liked it!

[@aperson1181]

these are good reminders, but same across many

[@vikrantsuryavanshi2102]

3 Most important thing, find the cheapest country and cheapest place to Live-in for your retirement. Learn to cook your favourite food. You will save thousands by cooking your own food. Take commercial property loan, you pay EMI and in your old age, rent will cover your retirement.

[@39exposures]

Shortly: spend less, work longer, take care of yourself (because there’s no one else to do that for you).

[@Mr.Puzzles]

I'm 48 with nothing saved. Tried but hard after C19... I also have no kids, no real esate and no debts. So, its ok to get by, hustle a little... but honestly, I joined a sports betting Telegram, and now am happy to be doing this every day. 65% win rate. Ooooh yea

[@charodcooper6069]

Subscribed! 💯

[@TomPoltersdorf]

@@charodcooper6069 Thank you!

[@M7ofATC]

I’m 41. I just started using acorns to help invest in stocks and a Roth IRA

[@TomPoltersdorf]

@@M7ofATC nice! 👍

[@FrederickVanderMeer]

about how much do you earn monthly ?

[@tuborice4571]

Im 50 never invested but just to have 50000 by 67 uk retirement age would be nice. I bring home just over 2000 a month after tax ni and pension.

[@jessel3217]

What do you do if you live in Canada and the government takes half your wages and housing costs the other half?

[@VoiceOfThe]

Leave. Go where you’re welcomed & treated better.

[@Steven-Thompson]

Great video, I’m sharing this with my wife ❤

[@TomPoltersdorf]

@@Steven-Thompson Glad you liked it. Thank you!

[@wil2197]

"The traditional retirement age of 65 is outdated" ...no...

[@punisher6659]

Great video. New Subscriber as of today.

[@TomPoltersdorf]

@@punisher6659 I appreciate it thank you

[@dmen0563]

Saving for later

[@sherlockwho5714]

I'm over here with 3k a month and saving 600 a month and still have pocket change. The only reason my savings isn't massive is because I'm doing things most people do in retirement.

[@TomPoltersdorf]

@@sherlockwho5714 That’s awesome

[@KFontLab]

This was excellent!

[@TomPoltersdorf]

@@KFontLab Glad you liked it!

[@Samuel-hd3cp]

That's OK. You won't be able to retire until you're 70 anyway.

[@austinhypnosis7404]

It’s so wild you would say something like that… I mean, I retired a multimillionaire at age 36 but maybe YOU’LL work til you’re 70 but you definitely don’t have to😬

[@csick11]

​@@austinhypnosis7404congrats wow

[@Dawah-Quest]

We retire at 75/80 now.

[@robertdascalu4441]

Where you find deposits with 10 percent all this years!? Inflation is allways grater. At least in my contry Romania it was like this all the time.

[@marcoofficialvlog]

I had all the negative sides of life,I'm 43years old and I'm in debt just to survive in everyday living😢

[@billykulim5202]

i'm 42, no girlfriend in life , no jobs for 4 years, have diabetic, cancer, living on saving, will run out after 2 years from now, or i'm death first before that, i'm living in my parents house

[@uralmutlu4320]

If you are watching this, you are poor... ps: I've just watched the video to the end, all the tips are basic lifestyle decisions that we should be aware of and I agree with the points.

[@CassyExploring]

The mane problem for me is to HOW make money. All these side hustles just don’t work, it’s being 3 years that I’m trying so hard. The second problem is that I live in Europe and here we don’t have 10% investment possibilities, it’s maximum 2-3%.

[@TomPoltersdorf]

@@CassyExploring My payday routine video should help with this. It’ll be released shortly.

[@FeelMyBicepp]

Iv worked since i was 15, im 34 now with my own business, theres no way im working past 60 💀

[@TomPoltersdorf]

@@FeelMyBicepp Owning a business gives you a great opportunity to build toward that goal.

[@d4ngerous4]

Where do you invest to get a 10 percent on average interest per year???

[@TomPoltersdorf]

@@d4ngerous4 That’s the average annualized return of the S&P 500 with dividends reinvested from 2003-2023.

[@d4ngerous4]

@@TomPoltersdorf it must be taken a big hit just now, do you invest manually or through a investor firm like vanguard for example

[@TomPoltersdorf]

@@d4ngerous4 The S&P 500 is currently up +22% year to date per Market data. I invest myself.

[@d4ngerous4]

@@TomPoltersdorf when you invest, do you wait for certain quarter to invest or just keep putting money in each month regardless of where the market is at?? Cheers

[@TomPoltersdorf]

@@d4ngerous4 I prefer to do it monthly because it’s easy to automate and track. The process is called dollar cost averaging. You pick a dollar amount and stick to investing it no matter what the market is doing.

[@bernie6355]

I am almost 64. My company has driven passion out of me. How do i reenergize?

[@TomPoltersdorf]

@@bernie6355 Take a break or time off if you can. Explore hobbies. Shift focus to activities that excite you. Connect with like-minded people. Finding purpose outside of work can make a big difference. Wish you the best.

[@sezarkurd4843]

I am 39 I am starting.

[@TomPoltersdorf]

@@sezarkurd4843 Awesome. Starting now is better than never. Every step forward counts 👊

[@serrajav]

Man, coming from a third world country with no access to stock markets truly leaves you on your own for survival at old age. Public traded stocks are a marvel

[@deltapi8859]

Well I didn't start investing early and I'm 39 ... yeah ,so this video is very interesting to me :D

[@TomPoltersdorf]

@@deltapi8859 glad to hear. I hope it was helpful and thanks for watching!

[@CIAragDe]

The best thing I ever did was read financial books. THE LITTLE BOOK of common sense investing is all you need 🎉

[@TomPoltersdorf]

Yes I agree. That's a great recommendation for simplifying investing.

[@CIAragDe]

@@TomPoltersdorf great video!

[@stevesaquatopia8291]

What if you make 800 to 1000 a month but your expenses are more than you make? That's the problem I've been facing for the past 20 years since I moved to the south

[@williammmmmmmmm]

If you are in your 40s and have nothing saved I would just work from 10am to 10 pm everyday go all in on Bitcoin and hope for the best.

[@tommynorman8498]

Worst comment, and/or decision ANYBODY could ever make. Wow. I am now leas intelligent by reading this comment.

[@williammmmmmmmm]

@@tommynorman8498 you going to look real stupid when Bitcoin breaks 100k in the next few months

[@williammmmmmmmm]

@@tommynorman8498 bitcoin just reached all time high noob

[@fabiankaufmann6213]

I had invested in stocks. Good stocks. They told me I need a car and learn how to drive.. big loss looking back. 😢

[@fb6ins1z1]

Here is another perspective even though I am fully aware you give sage advice: Life is finite, and you may die next week. If you want to buy that morning coffee because you enjoy the taste better, do it. If you want to buy something you don't "need" but makes you happy, don't think about retirement so much. Live in the moment a little. Nothing guarantees that you will see your retirement.

[@TomPoltersdorf]

@@fb6ins1z1 100% Agree

[@davidlang80]

No offense to you though this is awesome advice I'm going to give this system a try!

[@TomPoltersdorf]

@@davidlang80 Glad you liked it!

[@SneakerBandit-6]

How the hell do we save there’s inflation and everything is expensive

[@rmcbride]

That's exactly the thought I had. I feel like I get a raise and everything cost more and my dollar is worth less

[@MiniYummyAcademy]

@@rmcbrideyou should see turkey

[@Andy-eb1hq]

Try going green, less meat ,perhaps it helps😮

[@moabman6803]

Meat is cheaper than vegetables

[@Tomerus_NL]

​@@moabman6803Really? Checked the price of a bag of dry beans, lentils, rice?

[@MJ-wn6gl]

Great video! Got a new sub:)

[@TomPoltersdorf]

Thanks for the sub!

[@netsudro]

Where do you get 10% interest with no risks?

[@billykulim5202]

probably gold, just make sure you buy when the price is still low

[@VoiceOfThe]

You can’t get a 10% return without taking on some risk that’s the point. To build wealth you have to take on risk.

[@jakubhladik5898]

If you’re 40, you need to put aside like $3000 a month minimum. I started late. I’m putting like $3000 to $6000 into investments every month. $200, $300 even $1000 isn’t gonna do much. Find a dividend reinvestment calculator. You can get to a million in 14 years if you’re aggressive and smart (diversify).

[@aneedkassim9727]

who makes that much intodays economy tho?

[@jaroldscott]

😂😂😂😂

[@xreborncjayy5810]

These jobs don't pay enough to put away money like that most people are living paycheck to paycheck

[@igot5onit423]

I'm just try to by a house in cash.. ( live in illinois out side big city's) So other than my 15% 401k that's about all I got😂

[@FredMaples]

Thank you for the video.

[@bushbomb21b9]

Amazing video

[@TomPoltersdorf]

@@bushbomb21b9 thank you!

[@SamuelBradford-y5e]

i'm sure people would be surprised to know even at 40 its hard to know the next move

[@FrederickVanderMeer]

things are really tough for most people but you need a sense of discipline to save and you don't really need to do it all alone if its really tough.

[@alex_poly1147]

Januari turn 39.

[@discorabbit]

1M will not be enough to retire when you’re 65

[@FrederickVanderMeer]

it isnt you need about 3m