5 Signs You Are Going To Be Rich Before Retiring

[@LiquidityOcelot]

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

[@larrydimon7811]

Gotta start somewhere

[@ShelleyfromCali]

Keep going buddy I started at 41... was in 7K debt and living in my overdraft. I'm now debt free have a 15K emergency fund. 20K saving pot and just surpassed ~$150K in my brokerage account. Key is diversification and consistency... I am almost 43 now!

[@philcrowley007]

I lost a lot chasing individual stocks and I feel pretty silly for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!

[@knockoutlightz]

You still have time , keep on dca into your asset of choice.

[@ShelleyfromCali]

Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I’m invested in ETFs, equity index funds, and individual stocks and use a CFA. On average, she takes 10% of earnings, but using *Lina Dineikiene's* system makes it fairly simple. I conservatively follow her recommendations and market entry and exit points, and tbh this saves me countless hours analysing companies... I am convinced it's not just hard work but smart work :-)

[@Kin-28-8]

I am buying more VGT, SCHD & VOO. Many of us have a boatload in the S&P500 index in ROTH, still have the bulk of my $500k retirement portfolio in VGT. In my taxable account, i try to beat my roth and i know it can be done but i am still underperforming the S&P500.

[@DhanaPayar]

I’m taking the hybrid approach, VOO, SCHD as my foundation, with growth like MA, UNH, HD. And slow growth like O and PEP. I have a 20 year time horizon. But the best part is I still enjoy my life while I do this. Travel, and buy ONLY things I love. It’s the best combo, plus I love the small victories with receiving dividends/dividend growth/share price appreciation.

[@Helen_white1]

VGT is an excellent portfolio addition, but relying solely on it for retirement may not be optimal. I retired at 62, grew my portfolio to $3.4 million in little over 10 years through the help of a fiduciary and dividends now supplement my retirement income. Invest wisely, build your nest egg, and don't sell the chicken that lays the egg!

[@berniceburgos-]

Your fiduciary seems highly competent. May I ask if you are still working with the same fiduciary, and if so, what's the best way to get their attention.

[@Helen_white1]

Certainly, I am still working with Stacy Lynn Staples. Having her in my corner has been a game-changer for my financial well-being. Her ability to simplify complex financial concepts and provide tailored solutions is commendable. Jessica's passion for her work shines through, making the financial planning process not only effective but also enjoyable.

[@Thompson-e7h]

Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.

[@GrnXnham]

The important thing is to pick a spouse that is on the same page as you! My wife and I are both savers. We NEVER made a ton of money at our jobs. We retired a year ago at 54 and enjoy traveling now.

[@evhvariac2]

@@GrnXnham even better pick a spouse that makes more and has a higher net worth

[@martinlord8837]

@@evhvariac2 As long as she is also a saver, otherwise you're worse off.

[@Mike-mc8tj]

YES! This is not said enough

[@sheneedsme]

My wife is spender which is why I am still working at age 70. I’ve always made enough money to overcome her expenses but once I retire?

[@Riggsnic_co]

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

[@Jamessmith-12]

Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@JacquelinePerrira]

I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.

[@kevinmarten]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@JacquelinePerrira]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@kevinmarten]

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.

[@bmc9587]

I drive a 22 year old car. Runs great. Keep 20k emergency fund. Rest is in long term equities and a Roth IRA. Live below my means and add to equities every month through dollar cost averaging. Fat equity in both my houses. All this done after I pulled my head outta my a$$ 7 years ago and decided to change my financial life. Dug out of 30k in consumer debt and now shovel all extra into my accounts. I'm behind for my age, but theres no going back to my old life.

[@kablah777]

Well done! I am so glad I pulled my head out of my but too. life is so great now that I am solvent.

[@sstritmatter2158]

Positive story good for you

[@daveschmarder-1950]

I never had what I called a secure job, so I had a high saving rate. Turns out the job lasted 34 years before losing my job. I ended up with a decent amount to retire on.

[@DistractedDaisy]

You give me hope that I may be okay in retirement! I will work on all these goals!

[@KH-vw9yl]

I gain inspiration from your advice, understanding that my retirement will be a great time of life, and the roadmap to finish strong.

[@susanwaweru2734]

I appreciate you and enjoy your videos. Thank you for your advise

[@xlerb2286]

I'm so fortunate that early on in my career I had some teammates that were down to earth as for lifestyle and financially astute. I got in with the investment club at work and I was smart enough to listen and learn. I was already older than average for someone just out of college and starting their career. So hitting the ground running as far as saving and investing goes has made quite a difference now 30 years later.

[@bluethundar]

Same

[@GordonStewart-c1v]

Good video and good advice. We basically followed all the advice that you provided. Focusing on life, living within our means and planning for the future. We now are "mostly" retired. We have been all around the world, supported causes we value, and will end up with more money than we need. I guess that is "rich".

[@philipem1000]

When you have money left over every month that is indeed wealthy. And it is amazing how little you need to be in that position!

[@raymond-i2v]

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

[@Jordan8568-l4u]

In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor

[@Jeffery-f2e]

I agree. Based on personal experience working with a financial advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@Fred-w7t]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@Jeffery-f2e]

I work with Stacy Lynn Staples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@Johnwestly-l6n]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@educatedwanderer9293]

I make twice the median household income. I save and invest 35% of my take home pay and live on the rest. I saved and invested 15% from age 23 to 46, then began saving / investing 35% every year since and I'm now 55. I have an unrealized invested net worth of about $3.1M and I plan to retire in about 5 years.

[@user-od9iz9cv1w]

These videos add value to my life. I hope many people take your advice and engage you as their advisor. These five signs are spot on. #1 is critical. I found early that there was an amount of income that covered my wants and needs. I ran my life in such a way that I had that covered for all but job loss. Then I had a variable component. That was strictly for savings. If a big goal was achieved producing a big fat check, my wife and I would joke that we'd roll around in it and really celebrate it for a couple of days. Then throw it on the pile where is disappeared from view by becoming buried in a number.

[@Randimal762]

Thanks for the advice on thinking about bonds as covering “years of living expenses”. This is a new concept for me as I always assumed bonds were just for additional diversification rather than a place to pull money from when you actually need to dip into the retirement portfolio. I’m likely decades out from retirement so I’m 100% broad market index funds right now.

[@warrenrobinson1525]

The bonds and cash are wise to have for emergencies and shorter term needs. But, the heavy lifting and the engine of a retirement portfolio is stocks not bonds. Stocks are were the needed compounding and growth has to come from, because bonds won’t do it. So learn as much about investing in them , ie. index funds, mutual funds, and put the majority of your nest egg there. Learn about compounding and the rule of 72. That will put your thoughts in the right direction. 😊

[@chrisbailey2861]

I had a similar response to another Azul video. It really puts it into perspective vs just a pure percentage standpoint.

[@KISSGreatestFan]

Thank You Azul!

[@rodrigok1220]

I tell my kids to always get the employer match. Set it atleast to match amount and don’t reduce it. Increase it every year or two as you get raises. If it’s not deposited into your checking or savings account, a bit more difficult to draw from it which is a good thing. This automatically has you living below your means. In 20 or 30 years, you’ll be thankful you started early.

[@sstritmatter2158]

Great advice and friendly presentation

[@bukki07]

I’m 42 and investing for the first time in my life. I have started contributing to my 401K and opened a Roth IRA with automatic contributions, but my question is, does asset allocation really matter at first, or perhaps am I just overthinking as a beginner?

[@everceen]

There’s a lot to decide on, although most times as a beginner, it is better to delegate your day-to-day investing to a financial advisor

[@delectable09-r5q]

@okaydamian very encouraging for newbies like myself, mind sharing advisor info please? in dire need of proper asset allocation

[@fromthebirchwood]

curiously inputted Karen Lynne Chess on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal

[@Valmontst]

REPORTED AS SCAM!‼️‼️🚨🚨

[@Valmontst]

@okaydamian REPORTED AS SCAM!‼️‼️🚨🚨

[@Hankster61]

"We are grateful to be in a solid financial position. Except for our home mortgage, which we plan to pay off within the next five years, we're completely debt-free. The four-leg stool analogy in your video comforted us, as we recognize our stability with income from pensions, Social Security, savings and investments, and our home.

[@glasshalffull2930]

#1 sign should: You are 100% in stocks for most of your career. IMHO, an S&P500 fund is the Gold Standard.

[@poonekar]

30y annual rate of return for S&P is 9.9%, for QQQ it’s 14.5%. My first QQQ investment was 8k in 2002. It’s worth ~150k today. Had I put it in S&P instead,it would be ~58k.

[@utubewillyman]

​@@poonekaryeah, I have to agree. My individual tech stocks beat the S&P handily.

[@glasshalffull2930]

@@poonekar Only problems are the QQQ has only been around since 1999 and many company 401Ks are limited. Good run by the QQQ, but if your company has a match and only a few stock funds and one is the S&P500, that’s the way to go. Thirty-four years S&P 500 and I’m at $3.7 million and it took me years to max out.

[@poonekar]

@@glasshalffull2930 Wow! Congrats on building an impressive nest egg! The QQQ purchase I mentioned as an example was in a taxable brokerage account. After realizing it was significantly outperforming my 401K account because of the limited choices it provided, I started moving my 401k funds to a self-directed IRA whenever I switched jobs. Decisions like that have helped me build an 8-figure net worth.

[@poonekar]

@@glasshalffull2930 Congrats on an impressive nest egg. It was because of that limitation I started moving my funds from 401K accounts to self-directed IRAs whenever I switched jobs. But more importantly, I also started investing heavily outside the retirement accounts.

[@DonGingras]

Azul, we have our monthly expenses money in the local credit union with FDIC protection but little interest. However we have our emergency funds with FDIC insured Marcus account paying 4.1% on deposits. We can move money between Marcus and the Credit union in about 2-3 business days.

[@kckuc310]

Love it, enjoyment creep! Also I’ve been budgeting in categories for 3 decades, it’s proven to make me 2 x millions

[@sci-fi767]

Great vid. Thanks for the info you share. Purchased my car 10 years ago for 11k has 245k km on clock but still good. Will hold onto around 400k km. 48 now and mortgage down to 100k. House valued at 1 mill and has a income from a Airbnb we made on our property. Got a 7 year plan to invest 40k a year and salary sacrifice more into super then the 11%. At 55 I’ll transition into retirement with part time work. And if it all works out as planed. Fully retire at 60 with passive incomes and super. Pension doesn’t start till 67 in Aussie

[@evhvariac2]

I LOVE living below my means

[@miketheyunggod2534]

You mean poor and boring.

[@iczemi]

I also live below means. Retired at 62 with zero debt.

[@fvlok]

27.5% into retirement. 25% of nett into stocks.

[@jrm2383]

It’s the long slow grind that gets you there. Save 15 to 20% and after 20-25 years, you’ll wake up one day with 500k and be well on your way

[@chipthigpen3173]

One sign you are going to be rich in retirement… you are watching this video.

[@billbottsurfing]

Azul, can you recommend a fee only advisor in the Charlotte North Carolina area? I am having a hard time finding one in my area. I appreciate every video you put out. Thank you

[@mhumphri]

well done!

[@peterzeller5736]

I'm 29 with a wife and 3 kids, have a low 6 figure job and a net worth exceeding $360k. In my mind I know we are doing well but I constantly feel like I'm behind and need to do better. Daily I am watching videos on KZbin giving financial advice on investing, 401(k) matching, paying off debt, saving, living below your means, average net worth by age, etc, etc.. I feel like I'm in this constant doom loop of financial anxiety like I need to tweak every aspect of my investing strategy on a regular basis to be most effective in every area. Again, I know I'm doing alright but I can't seem to break the cycle...

[@KISSGreatestFan]

Thanks!

[@scott5770]

I like this guy!!!!

[@rasmusfjordchristensen9830]

How much should we put into pension and invest? I am using a company pension plan, where 15% is set aside before income tax. How much should I invest of the after tax income money?

[@danielnysterud9605]

i am 19 with 150k in networth. making 3k per month live at home. will mots likely be a millionaire in my late 20s due to inheritance alone. i shoud be fine as long as i invest in index funds, stocks, real estate etc, and learn and devopled both in finace and electronics.

[@NewGuy2024]

I knew I'd be a comfortable middle class in my late 20's based on my career choice. I didn't realize I would be "rich" until 2019 when I used a 401k growth calculator and saw the potential growth when I had ~$600k at that time in the account at age 40's. Our net worth actually outperformed those estimates and until very recently I realized we are actually upper class in the top 5% based on our net worth. Crazy how simple this was, the hard part was waiting two+ decades.

[@poonekar]

That’s awesome. Do you invest outside of your 401k? If not, you should seriously consider that. I’ve been maxing out my 401k for over 2 decades but still that’s maybe a 5th of my net worth. Investing outside my retirement accounts allows me to use leverage that causes investments to grow 2-3x faster and there’s no cap like 401k contribution limits. That’s how I got into the 1% on a W2 income and like you I’m still in my 40s.

[@philipem1000]

That's all good of course; but I was on taht track when 2008 happened and I lost nearly everything I expected to retire on. Fortunately I do live below my means and did the best I could with what I had and have a blissful retirement and money left over every month. So just saying, be vigilant and careful because we never know what might hit us.

[@warrenrobinson1525]

The biggest sign is having the ability to consume less then you have. And have money available to invest for retirement. And on the end the ability to manage yourself, and not overspend the ability for your nest egg to grow during the rest of your life.

[@hanwagu9967]

I make $500,000 but live off of only $499,999.99, so I'm very comfortable living below my means.

[@davecristdavecrist]

Good video. Please use a tripod or at least turn on video stabilization! 😂

[@joliver79]

The one thing they dont tell you is how to invest $. I had my 401 k sitting in low funds Earning 3% every year for over 12 years. learned how to invest it correctly in S and P 500 and IM up 19% on year. Never to late to learn I am 45 and now I know how to invest. I used to have my money just sit in savings making .001 %, pretty dumb but I always thought saving was good, it is but $ never worked for me. Now I have Roth IRA maxed out yearly, YYSA, Brokerage account and 401 k making a good return. Only debt I have is house and I throw a good amount towards principal each month, hopefully I can have paid off in less than 10 years

[@rkw2917]

Most people should not be managing their investments This will cause a lot of pain at the next downturn

[@keitht4499]

Any recommendations for selecting a financial adviser? We are located in Newnan GA. Hope to retire in next couple of years.

[@Shock-N-Awe7]

Where does charitable giving fit into the needs=50%, wants=30%, and saving=20%?

[@bills1995vette]

Spend your money and “give” shop owners that work and have a business an income.

[@Shock-N-Awe7]

@@bills1995vette not sure what you mean. I give to my local church, relief organizations, and to other needs in my community.

[@philipem1000]

Charity is in the "wants" category. It's not a need though it may be a strong value. And it's spending not saving. That said I live on my SS check very nicely and have budgeted my contributions and made them automatic.

[@Blubbha]

We are ok living below our means. My wife is my biggest leverage for financial stability. 😂

[@carmenrosario5539]

How can I contact you? I need URGENT ADVICE before my retirement in 2025. I need a financial coach asap. You woke me up, thank you, BUT PLEASE HELP ME!

[@JimmyCooper-g3s]

*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation..*

[@LeoButler019]

I started investing in crypto and def earlier this year and it's the best decision I've ever made. My portfolio is now worth almost a million and I've realized that if a cryptocurrency hits the news, you're probably pretty late to the game. The idea is to get in on blue chips early before they go public. There are a lot of life-changing opportunities in the market that you should make the most of.

[@OwenWilson910]

nice! once you hit a big milestone, the next comes easier. How can I reach him, if you don't mind me asking?

[@foralluser6525]

248

[@foralluser6525]

2456

[@foralluser6525]

That's his WHAT'SAPPS 🇺🇸🇺🇸🇺🇸

[@Abridoda]

Lol bonds.. With these defecits and unlimited printing.

[@FirstLast-fc7dt]

I take the bus

[@kyleevanston]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brooke Grace Miller.

[@HighlightsSerieATIM]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@ZahirFriedman]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@marthasteward0]

I'm new at this, please how can I reach her?

[@AnthonyJustice-i9x]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@kyleevanston]

she's mostly on Instagrams, using the user name

[@YaoAnne-j7g]

!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.

[@JoseLopez-lf9rw]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@SonyaYeva]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@JoseLopez-lf9rw]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@SonyaYeva]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.

[@YaoAnne-j7g]

nice!! once you hit a big milestone, the next comes easier.. How can i reach her, if you don't mind me asking?

[@KISSGreatestFan]

😃😃😃

[@miragexl007]

All you guys are quite funny, Somewhat helpful, Somewhat full of shit for some on some things. One size don't fit all/opiniins.. Lol. Appreciate all you As a collective group learning little things in the each video.

[@kbeau937]

Lol what

[@billroot4602]

commercial every 1 1/2 minutes, really?

[@bobhoran9778]

Get KZbin premium

[@btphillips79]

2nd comment

[@vanji611]

1st comment!