5 Signs You’re Over-Saving for Retirement

[@humphrey]

What’s your savings percentage? Let me know by leaving a comment! 🫡

[@devin1148]

76%!

[@jdyork69]

30% between 401K, Roth, and HSA. That's before employer match on 401K

[@halbbd02]

Well over 50% and sometimes as high as 80%, but I’m late 40s and debt free.

[@unkind4045]

96%

[@roymcpherson1639]

What do you mean by 4 times your annual salary? Post tax or after taxes. What you spend is what you earn after taxes so that 200k is probably 125k after taxes. Even then, that 125k is also taxes. Some insight would be useful.

[@Romankhramov991]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@KsundgrSundgren]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@MatthewJenkins-o7v]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

[@Ross-did]

I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@Ross-did]

Please can you leave the info of your Investment advsor here? I'm in dire need for one

[@MatthewJenkins-o7v]

Sure i don't mind. I've stuck with Sophie Nadene Morgan for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@matw1x]

Eats hotdog at Costco food court every day to retire early. Dies right before retirement.

[@Arthurk346]

due to eating hotdogs at Costco

[@anotherperspective6247]

At least they didn't live long enough to see the end of the $1.50 hot dog deal.

[@DisguisedCitrus]

@@anotherperspective6247 the world will end when that time comes.....

[@P1ngw1nn]

dies from Listeria

[@pomp4401]

Hotdogs are healthy bro wtf!

[@Sup3rman124]

Cheers for calling me out, I'm watching this video on a 16 year old 'school/office' chair that is killing my back. Finally opened the bookmark I've had ready and spent some of that over saved money!

[@JDubST]

Man I used to be the same way! A really nice and ergonomical computer chair is such a good investment for your body. I'm the same with shoes. I've stopped cheaping out on shoes so I don't screw up my feet and knees.

[@nighthawkvc25a]

Which specific chair did you get?

[@JDubST]

@@nighthawkvc25a I got a Secret Lab Titan. They may seem like a "gamer chair", but it has so much more support and a good bit of adjustment. They also have an XL for the bigger guys, which is what a buddy of mine got, and has no complaints either. Hard to believe I've had this chair for over 5 years.

[@Daph2023]

Did you get an ergonomic chair after all? I hope so. It’s money spent for your health.

[@Liljoozy]

Get a Herman Miller Aero! Used for about 500 usd

[@germanalcomendas760]

Im very introverted and i actually prepare to stay home cooped up in my own environment watching your videos about finances.

[@thomashernandez6389]

Me too

[@jflsdknf]

Same. Not only am I introverted but it's crazy out there so now I just prefer to stay inside away from people.

[@gaillv5494]

I'm introverted too! And if I ever go out, it's not to shop. I prefer nature trip, hiking, etc.

[@fool.s_adversary]

I definitely needed to see this video. Was over-saving at the beginning of the year to start compounding, but now I’m at around $15k at 24 and still going strong!

[@LegDayLas]

It's not bad to sacrifice A little at that age to compound your invested effort.

[@jessepotter365]

My wife and I save about 30% of our income when considering company match. We pushed it so high because we started later in life and have about 21 years left until retirement. We still have a house, two cars and can afford groceries, going out to eat and fun vacations now and then. My wife has the same frugal mindset as me, but we still spend money on what we enjoy. I would rather spend less now and not worry about money in retirement.

[@user-cg6fd4in1d]

You have the dream wife.

[@misssophiamae]

This is my situation exactly! Later starting point because of many years of very low income, now my husband and I are cruising at 30% savings rate. Nearly to Coast Fi but we have medical issues so will keep at this pace for the next 20 years because we want to have options for care. And we both love our jobs 😊

[@manoftomorrow5987]

The only problem I have with saving so much is…you’ll get your pension at the end but do you plan to be living the same lifestyle you live now at retirement? For me…hell no. Don’t deny yourself pleasures now…life is way too short. At retirement I don’t plan to be a world traveller…I would’ve already done that during my younger and healthier years. I literally plan to get up everyday read/watch the news and head back to bed…use my brain to consult. My pension should be coming in, I would travel once a year on a cruise if I’m able, my monthly cost should only include groceries and utilities.

[@jessepotter365]

@manoftomorrow5987 we plan to have about 10 "go-go" years where we travel and do other things we have wanted to do without job constraints. This means we will need to make at least our current income before taxes during that time. My Fidelity assessment states we should have plenty of money to do that at the current savings rate. I may also have a chance to do Roth conversions during that period of we don't need all that money one year.

[@LegDayLas]

I would not call 21 years from retirement "late in life" but that's just me. Myreasining? I reach full retirement after 25 years, meaning had I started when you did it would have been a simple 4 years into my working life. Me personally I started the first year, which I consider early. I would call 21 years in mid/average.

[@danaconda12]

I am definitely in an over-saving phase right now but don't expect it to last forever. I rent a modest place which allows me to save a lot. I do want buy a home in the near future, so I understand this will cause my saving rate to go down. The more you can save earlier though, the more time it has to grow and compound so a little sacrifice today goes along way for your future. I don't think I will have a problem going to a lower saving rate when time to do so.

[@hunnybunny4306]

For me, the easiest way to stop over-saving was to take a pay cut to do a job that's more enjoyable and has better work-life balance. I used to be so drained from work that I didn't feel like doing much, so I naturally saved a lot. But now that I work less and have less stress, I have the time and energy to spend more money.

[@JosephAlecW]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $200K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[@DaveXRP]

It's impressive how much you saved during your working years, a feat not many achieve in a lifetime. Now that you're retired and rely on your investments, it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

[@HaticeValerie]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@LoriDowty0]

Do you mind sharing info on the advisor who assisted you?

[@HaticeValerie]

My CFA ’Elizabeth Colleen Nurre’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Casandra1bartlett]

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.

[@Richmind-ir5zi]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors

[@Mitch10bands]

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

[@Doracox22]

True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q2 2025.

[@greekmom]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@Doracox22]

There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with "Lauren Christine Campbell’’ for some years now, and her performance has been consistently impressive. She’s known in her field look her up.

[@greekmom]

Thanks for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!

[@shobyvinci]

For some reason, I find it hard to spend money on myself. When it comes to my wife or children, I have no hesitation, but when it's about something for me-like buying the car I've always wanted, which I could pay for in cash (dave ramsey style)-I just can't bring myself to do it. This is despite having achieved every financial goal I've set, except for reaching a specific amount in my retirement portfolio. I have zero debt, yet I still struggle with making that purchase for myself

[@MusicalXena]

I can relate to this! Have you ever talked to a therapist about it? If it's stopping you from getting things you really want, and you can safely afford those things, then maybe it's worth working through.

[@gregwatkins1332]

I 100% relate to this as well

[@rickmossop3733]

Many times when I have splurged on an object it never really worked out for me and I find I really don't enjoy spending a big chunk of money. I almost always regretted a big purchase. Some people just don't enjoy spending. I always consider how much work went into making the money in the first place and it usually just isn't worth it.

[@AlexHunte98]

mazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@lennoxmutterick6434]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@AlexHunte98]

@@lennoxmutterick6434 However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@lennoxmutterick6434]

@@AlexHunte98 Oh I would love that. thank you.

[@AlexHunte98]

@@lennoxmutterick6434 SUZANNE GLADYS XANDER.

[@AlexHunte98]

Lookup with her name on the webpage.

[@austinbar266]

It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[@rogerwheelers4322]

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

[@joshbarney114]

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@joshbarney114]

‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@SpookyEng1]

@@rogerwheelers4322B.S. Spammer

[@dailyrant4068]

@@rogerwheelers4322 It's not like these two things are mutually exclusive....

[@Haskaza22]

As a happy and financially secure retiree I'm going to say you never know what the future holds so it's very difficult to quantify what is over-saving. With inflation and government overspending the economy can turn bad faster than you can acquire wealth to be able to weather those setbacks ( as witnessed through Covid). Also health problems can eat away a nest egg very quickly. Better to have more money and not need it than need it and have to come out of retirement to earn it!!! Sacrifice when younger because you won't like sacrificing when too old or inable to work.

[@segurosincero4057]

Best comment.

[@annawong1305]

I'm defo not over-saving, but still watching 😅

[@csick11]

Haha. Are u spending too much?

[@Jamaal67i]

My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.

[@larrypaul-cw9nk]

Without the assistance of a spouse, it is nearly hard to rebuild your retirement on your own. No one, not even NewRetirement and company, can perform the duties of an experienced financial advisor with a sizable following and clientele. Examine, hire, and start building a relationship with one.

[@jerrycampbell-ut9yf]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@sabastinenoah]

How can one get to interview advisors? And what questions should you ask?

[@jerrycampbell-ut9yf]

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@sabastinenoah]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@LeahLewis-ny9iu]

Planning for retirement can indeed feel daunting, particularly when faced with the task of selecting the optimal investment avenues.

[@JessicaKeith-uj1jq]

And we mustn't overlook the constantly shifting market situations and financial insecurities. It's ample to cause anxiety regarding one's retirement savings .

[@AshleyKeith-vw7ws]

I've been contemplating my retirement options, but I'm so lost I can't figure out where to start.

[@LeahLewis-ny9iu]

That's a common concern. Without proper guidance, it's easy to make mistakes that could impact your financial security in retirement.

[@JessicaKeith-uj1jq]

I've heard that DESIREE RUTH HOFFMAN takes a holistic approach to financial planning, considering factors like income, expenses, and long-term goals.

[@AshleyKeith-vw7ws]

That sounds like exactly what I need. I'll definitely look into contacting Wendy Joyce Wood for advice on my retirement planning.

[@DonaldMark-ne7se]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@JacquelinePerrira]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@Jamessmith-12]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@kevinmarten]

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

[@kevinmarten]

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

[@fredflintstone2234]

Scam alert ‼️

[@FusunTumsavas-cq7tp]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[@RossiPopa]

for majority, the solution to their problem can be found in specialized knowledge, so you can as well seek guidance from a well experienced advisor

[@RusuSilva]

Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.

[@RusuSilva]

Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@TuBui2]

the fact that people only save enough to meet their employer match boggles my mind. But then again I'm the type that, if given a limit (i.e. the 401k and IRA limits of 23k and 7k), I'll try my best to max out those just because.

[@bvoyelr]

Most people want to be able to access their savings for early retirement/emergencies, but they fail to take the second step of investing in a post tax account. I do the same thing (and I DID the same thing). I didn't want my money locked away, so I only ever squirreled away 5% to get the employer match. Never took that second step of saving the remainder somewhere else, though. And frankly, I still haven't REALLY taken it. I just move money over to brokerage once I notice my bank account getting a little overweight and then move some of THAT into roth conversions at the end of each year nowadays. What I need to do is set up an automatic transfer so that I never really "see" the money.

[@csick11]

​@bvoyelr i thought just like you uuntil I realized I wasn't good at savings. So I been doing 30 percent 401k contribution each check. I max out my roth ira annually. I don't make much so 30 percent contribution is challenging. I don't want to work past my 50s .

[@KeyboardWarrior3847]

I'm way over saving but I'm sacrificing now for later! My savings rate is 52% but I also still live at home (25)

[@humphrey]

Love that

[@llchew7784]

Smart

[@NiranjanBendre]

This is the best decision of your life! Keep going!

[@devin1148]

My man! in the same boat! 76% and 25 y/o living at home lol

[@kylehackett162]

Time to move out and give your parents a break bro

[@CelesteMSun]

Resonated, yes! Informative, easy to understand and thanks for all the hard work you put into each video 😭. Best channel!

[@jonesselas]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be. With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future

[@harrisonapril83]

Please educate me. I am so much interested in investing but i don't want to make mistakes and loose my money. Can you pls connect me with your Adviser?

[@jonesselas]

Gabriel alberto william is the licensed advisor I use. Just research the name on google. You’d find necessary details to work with to set up an appointment

[@jonesselas]

Gabriel alberto william is the licensed advisor I use. Just research the name. You’d find necessary details to work with..

[@harrisonapril83]

Thanks for sharing. I curiously searched for his full name and his website popped up immediately. I looked through his credentials and did my due diligence before contacting him

[@swagic8452]

@@jonesselas scammer

[@RobbStonee]

I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I’m just here for ideas

[@Marquez919]

50% stock, 20% Bitcoin, 20% high yield CD/ bonds, 10% cash/ fully liquid stable asset

[@Tipping-Point88]

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

[@Eugene-m2v]

Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.

[@Chaser-o9h]

I could really use the expertise of this advsors

[@Eugene-m2v]

Marissa Lynn Babula is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@dalecorbin8655]

You can never have too much saved. A friend thought they had so much saved until sickness hit. She is a very balanced person. Saving and spending on things she enjoyed within reason.

[@wydbuddy9903]

My entire family is poor and have never owned a house. I wanna be the one to make a change and make generational wealth. I’m 19 with $45k saved waiting for the market to shift in my direction to finally own a property.

[@jon34153]

Well done. Proud of you.

[@LegDayLas]

Really want to be the first to own a home? I recommend not jumping into it. Assuming your parents will let you crash with them a few more years (for no, to light rent) then do it. Nobody will judge you at the age of 19-25 for not moving out yet, and you could easily stockpile enough to cash purchase a standard home. Don't worry about inflating home values, that has stopped and has no indication it will start again. This years median home value has inflated .4%.

[@glasshalffull2930]

Just be sure to take advantage if your company has a 401K with a match. It’s free money and an instantaneous 100% growth rate.

[@wydbuddy9903]

@@glasshalffull2930 unfortunately no benefits, but making $55/hour makes up for it and I have my Roth IRA. I feel as though the IRA is so much more powerful than the 401k.

[@Lemariecooper]

I plan to retire or reduce my work hours in five years, and I'm interested in how others allocate their income between savings, spending, and investments. I currently earn about $175K annually but haven't built up much in savings so far.

[@jessicasquire]

There are numerous strategies to achieve high yields during a financial crisis, but it is crucial to undertake such trades with the guidance and supervision of a professional financial advisor to ensure informed decision-making and risk management.

[@Erikkurilla01]

That's true. I've been assisted by a financial advisor for almost a year now. I started with less than $200K, and I'm just $19,000 short of half a million in profit.

[@Erikkurilla01]

Nicole Anastasia Plumlee is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up.

[@everardocalderon8720]

@@Erikkurilla01Lies, stop, no one goes from 200K to 500K in a year by investing when the average return is 10% a year, you’re a freaking spammer, get out of here (We need a Kick in the butts emoji so I can use it on you spammer)

[@brite_luddite]

These bots need reprogramming.

[@Laura-hk8wn]

Before you get married, talk about money and your goals. Then, revisit those goals every so often.

[@FeralFeminine]

My hubby and I had that talk before we married, have a monthly budget review for daily expenses and a quarterly review for our goals and large expenses for the upcoming quarter. Communication and articulating expectations is key!

[@greapper1]

#2 is me 100% .... I'm 41, my Mon-Fri is exactly the same every day of the year. Work from home & don't leave the house. Cook at home. Don't spend a dime. My family criticizes me when I say I can't afford to go on vacations with them, but I don't want to be poor if I make it to retirement... IDK how to change my mindset on that. I just work more overtime and save more.

[@MusicalXena]

Maybe it would help if you picked out a vacation that you are really excited about? If the vacations that your family propose don't motivate you to break out of your routine, try to find something you feel really passionate about, to overcome that "object at rest" mindset.

[@oldbot64]

Bro, a vacation doesn't have to be expensive or extravagant or far away. If you're really scared of spending money on something which seems like a waste, please reconsider. Think of it as a break from all your responsibility and work. It is essential for your mind to rest and recover. As a start, you can plan the vacation to a nearby town or city, or heck even your city itself. Book a cheap hotel room and go exploring. Have fun.

[@PaulProsperInvestments]

Please do not skip out on quality time with your family worrying about being poor for retirement and working 24/7. You will spend your "rich" retirement wishing you spent more time with your family that doesn't come around to see you.

[@manoftomorrow5987]

Dawg…nobody is on their death bed saying “I wish I saved/ worked more”. Spend time with your family…enjoy the fruits of your labor. One eye on retirement and another on enjoying life. You can always get back money, you cannot get back time.

[@serialmigrant]

Please go on vacation with your family...memory dividends are important. When I was 30 I figured out a "COAST Fire goal" by age 40, contributed to my retirement accounts to reach that goal, and then SPENT the rest of my savings on trips and sabbaticals. I already noticed that the type of trips I took at 30 are different at 40.

[@FedrickLeonard]

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 Nicole Miller.

[@BrianRichards-ju6cf]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@JenniferArmstrong803]

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@PhilipOrlick468]

You trade with Nicole Miller too? Wow that woman has been a blessing to me and my family.

[@Bryanwilliams397]

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

[@Davidcoleman258]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@solofireca]

I saved (&invested) 6x salary at 28 yo, I've been saving 50% of my income the past 6 years. I'm pretty happy just doing free activities like hiking and playing free video games.

[@RB-je3yj]

What's your enough? My enough might differ from your enough!

[@7SideWays]

Retired in 40s and still over-saving. Thank you!

[@csick11]

Were you making a lot of money to retire so young?

[@NiranjanBendre]

We are super savers. Although we cut everywhere except for things we like and we spend a lot in those like travel. We don’t like cars or decorating the house too much or clothes or any other things. We don’t have Amazon prime. 😅 We have awesome friends as well and we don’t cut there if that is what is required. No regrets!

[@Harry_16710]

Many thanks, Humphrey! I've known for a while that since I have a pension I'm waaaay over-saving for retirement. Your logic and reason helped shock me back into coherence. 🙏

[@saksitb3491]

Excessive saving is much better than shortage saving because it hedges against inflation and longevity risk. Excessive wealth can be inheritence for future generations. Therefore, There should not be any concerns about excessive saving.

[@DragonRider520]

Very true. One of my close 33y/o friends makes like $250k+ a year, with $1million+ saved up, has a big inheritance from his parent. he also has a house that's fully paid for. He spends like 3-4% of his paycheck every month, unless he plans on going to a vaction. He is always making excuses not to drive in groups to save gas. Always whines when his wife wants a Starbucks or wants to eat out once a while. I have given him multiple birthday gifts and paid for his meals, and he will never return those favors. He claimed he had because he gave me a slice of his costco pizza before when I have covered meals that cost up to $35-40 for him. There are so many things about this guy that makes me not really want to hang out with him much anymore. Be frugal, but dont be insane.

[@Raphanne]

Yeah, that's not being frugal, that's being very inconsiderate and blind to the value of friendship.

[@oldbot64]

I learned early on in my 20s not to be too frugal when it comes to friends and especially gf. Did bro miss out on some essential life lessons?

[@ballooneyjr4294]

That's just greed lol

[@strangerdanger8462]

He's just a miser.

[@rxklastz1770]

Frugal maybe, but I 100% understand his way of spending/saving I wish I was in his position, he isn't for sure sleeping every night worrying about living paycheck to paycheck

[@tomaszp2027]

Humphrey, you got your "Ramit redemption" today. Congrats!

[@humphrey]

Thank you my friend 😂

[@carloscardona9255]

That's funny. Every time I see his posts come up I think about that episode on ramit 😂

[@financialfreedom1991]

Ramit used Humphrey to get audience for his video..😂😂😂..dont mind Ramit. I genuinely prefer to watch your videos than him. Viewers know better😊😊😊

[@allenjones6713]

Bro the fire insurance part of this video, today. Is crazy

[@Dejones-z2D]

I know nothing about trading/Investing and I'm keen on getting started . What are some strategies to get started with ?

[@lovelytrumlp-01]

Mrs Telisha Grover 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.

[@ChrisBirthmark]

After I raised up to 325k trading with Mrs Telisha Grover I bought a new House and a car here in the states, also paid for my son's surgery (ETHAN). Glory to God.shalom.

[@AliciaShavon0]

I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Telisha Grover

[@TommyFranklin-m8k]

I've followed many traders over the years, but none have been as consistently accurate as Telisha grover...She's truly in an inspiration to us all.

[@Edwardjack-n5d]

MrsTelisha Grover... I really appreciate her efforts and transparency

[@LukeAndrew503]

Humphrey, dude. This video is so insightful and wise. I knew your channel was good, but you are dropping some serious life wisdom gems here. Well done my man.

[@DavidReynolds-pl8tc]

I'm interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

[@RamonLukeman]

For newbies and busy investors who have little or no time to monitor trade employing a professional financial analyst or advisor can certainly add value. Their expertise can potentially speed up wealth creation and navigate market complexities, but it's important to choose someone reputable and consider their fees, as they can impact your overall returns.

[@OliviaSmith-bq2nf]

Build a diverse portfolio that keeps you motivated. Speed up the process where possible. I'm all for dividends and I reinvest them into ETFs (ARKW, VOO, VXUS, IVV) and company stocks. After reaching my first million, I realized that when a stock starts booming, by the time you hear about it, you’re often late to the party. That’s why I ensure my CFA, Evelyn Burchett, handles that for me. I'm ever grateful to her-it's like turning on notifications to earn.

[@chriscaruana2769]

the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.

[@NataliaHampton-sp2fu]

​@@OliviaSmith-bq2nfNicely done. I love diversity

[@NataliaHampton-sp2fu]

Out of curiosity I did read about Evelyn Burchett on the web, she has a great resume

[@DaveB038]

Great tips but I find the 4% rule unrealistic for the vast vast majority of people. I am an “oversaver” by many of your definitions but I have a spouse with extreme medical expenses and I want to retire asap so I can take care of her so I must save so that I can continue to provide for my family. I am 56 and might be able to retire in 3 or 4 years.

[@JeffJason-]

*Thank you😊 for this video, do you offer account management or have any recommendations?*

[@officialrxcenergy]

I've been trying to trade but I keep making losses and it's frustrating

[@KaylaAlexis.]

VICTORIA WALTERS HAYWARD is exceptionally good, i believe you should give her a try

[@KelvinAnthony5]

There seems to be constant mention of "Victoria Walters Hayward" everywhere I turn. Are the accolades and reviews truly worth her?

[@MarcusDiana]

Her platform is user friendly, transparent and secure with no restrictions

[@RobertDavid212]

I started working with Miss Walter after I got a loan from a friend and now after receiving profit, I paid my friend and put back my earnings over and over again. I must say she's a very transparent and an honest personality

[@ryant2568]

I have always gone with the 40/20 rule in retirement. take 40% of your current income and multiply it by 20. This should allow you to retirement without any change to your lifestyle.

[@AnthonyJustice-i9x]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this

[@norbi147]

Their ...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.

[@mikesnoek]

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.

[@anatolyivan]

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

[@sole27ore]

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

[@AnthonyJustice-i9x]

she's mostly on Instagrams, using the user name

[@ybc8495]

you are the first youtuber I subscribed to based on ONE video, this video!

[@AmarachiSteve]

Thank you for this video, do you offer account management or have any recommendations? ........

[@FrancisJob-it2ty]

I've been trying to trade but I keep making losses and it's frustrating

[@GeneticBen]

christen wilburn is exceptionally good, i believe you should give her a try

[@ReyesM-oz9li]

I learn a lot from christen wilburn", she's a big name in her field with more than 20 years of experience. You should look her up online for more info.

[@GeneticBen]

Very correct, investing is plain-sailing using a well experienced advisor, and at first- hand experience, I've witnessed my investments compound over 280%, since Jan.2023 amid rona-outbreak, summing up nearly $1m as of today.

[@JoyJack-cq2pr]

Her platform is user friendly, transparent and secure with no restrictions

[@MTPLawnService-tt5eo]

Love the weezer concert pic, I just discovered you , great stuff. I currently contribute 25% to work 401, slowly creeped it up every quarter and realized I didn't notice it in my budget.

[@AsTheCrowSquawks]

Realistically, we could retire more than comfortably right now, but . . . I'm still a little paranoid and always "what if?" about everything, so still maxing out savings as much as possible.

[@ryanchoi2415]

12:55 Crazy that you mentioned fire insurance in California...

[@Porcelynnn]

401k: 3.5% Trad, 10% Roth, and 6% matching from employer. ROTH IRA: Maxed out every year. Individual investing: $100-$150 a month 😂 Some might say I’m saving just enough or too much. I am definitely living my life, tho. Went to Hawaii and SoCal multiple times and going to Japan next month. 😊

[@rayzee0285]

Whats Trad?

[@Porcelynnn]

@@rayzee0285 traditional, so pre-tax. Roth is post-tax

[@Energieko]

​@@rayzee0285traditional

[@Warrior_Resisting_Colonialism]

@@rayzee0285 Traditional.

[@sevenstarsfall]

@@rayzee0285 Traditional 401k

[@lordabhikingfisher8087]

i am super saver and yet I feel 'novelty' every moment of my life. The key is - to feel happiness from simple acts of kindness.

[@laronthelion8561]

Thanks for this video. I'm 30 with an average midwest corporate salary and feel very guilty when I do literally anything "extra". Days/months blending together feels way too real...

[@Hochiiiiii]

My girlfriend has managed to save nearly 50% of her income towards retirement (401k, ira, hsa, brokerage) her first year of working and I am extremely proud of her. On track to do the same myself

[@lifepathway]

I saved 82%, and I am already retired at age of 34. I thank myself everyday for my financial habit..

[@mybdayis420]

highly doubt anyone is over saving if they want to reach FIRE

[@nicholasjackson8782]

It's all about balance. You have to live your life. Nothing is guaranteed.

[@jaimel8219]

And what if you make it to 60, sick w/ 10k in savings? You’re screwed.

[@nicholasjackson8782]

@jaimel8219 that's why you don't keep 10k in savings. What I'm saying for example is that how much of a difference does it make if you retire with 1mil than if you retire with 3 or 4 mil? I'd rather lease a brand new car every 3 years, hit up my favorite restaurants on a reasonable basis, and live in a nice apartment than restrict myself to extreme frugality just to have a slightly larger pile of money 40 years down the road

[@JacobPaula]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?

[@MaryWilliamson-h2o]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@Jeffery-f2e]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

[@Fred-w7t]

I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?

[@Jeffery-f2e]

I've stuck with ‘’Jessica Lee Horst” for about 9 months now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@WillFred-g7g]

Thank you for sharing, I must say, Jessica appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@shobley]

I've developed a frugal mindset. My biggest blocker to spending is that most things aren't worth the expense. Not just non-asset purchases, but basic products and services aren't delivering on their promised value. I keep the same 20 year old appliances as they just keep on going... and only ever need minor repairs that I can perform myself. I just replaced the ice maker in my 20 year old fridge with parts from the surplus market. Total cost $35. New internet-enabled fridge $2-3000. Not going to spend that money for something that does not last.

[@damnfreakingsien]

My parents have the exact mindset since they also didn’t grew up rich, so they save a lot of money for our education, which I’m eternally grateful for. Now I have a job, savings, and I’m giving them monthly allowances on top of their current jobs, but it’s so difficult to get them to use that money to spend on new things, like trying a new hobby, or going overseas…..

[@katrinSmith-r4c]

Honestly, saying you are guaranteed to earn more than a 4 year degree is pretty misleading. I have no doubt that it can work out, thats why people like him exist, but there are so many people who couldn't do ut his way, I just started an econometrics study and if you are somewhat good with it you can expect to earn around 200-300k as an employee, I know this because I've spoken with people who have done exactly that. So the best career path really depends on what someone is good at. The things Alex preaches might be true, but certaintly aren't meant for everyone.

[@NathanBrown-u7j]

I lost over $100k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $12500 profits weekly. Thanks Pamela Alexander

[@Waynekinsel]

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

[@DonnaSutton-j1b]

Mrs Pamela Alexander was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Pamela Alexander

[@TaylorRudy]

Wow. I'm a bit perplexed seeing Pamela Alexander name been mentioned here also. Didn't know she has been good to so many people.

[@usarmy2465]

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

[@prodantech]

I’ve always wondered if I’ve been wasting my time renovating my house myself. If my buy back rate is $35 per hour, then it probably is smart to do my own renovations. It costs way more than that to hire folks to do it. That said, when I do rarely hire folks, it’s so nice to just have the work done so quickly.

[@terrysnyder127]

I’m 67, make 125k year and have saved 25x plus I’ll get a great pension if I ever take it. I save over 1/2 of my monthly take home pay. We don’t go anywhere, we hate traveling, we don’t eat out because we think it is too expensive and get better food at home. Our furniture is trash and our house is outdated and we are OK with it. We don’t entertain, are frugal and only buy things if they are on sale or we will buy used. If something needs fixed, I figure it out my self. I won’t hire anything out. If I can’t do it, it won’t get done. I see myself working until I die. I would be bored without work. My kids will have a great inheritance.

[@Stormcrow-dc3ez]

Yay! This really resonated with me. We live how we live because that is what we are used to. Leaving an inheritance or having broad shoulders if financial difficulties strike ourselves or loved ones is really important. Despite starting out homeless with nothing, I managed to keep my parents housed, house myself, and plan to leave my kid housed in life and after I’m gone. All through being frugal and having good savings habits.

[@answerman9933]

Better to have and not need than to need at not have.

[@Courtney-Alice-Gargani]

People should be proud they’re actually saving money.

[@TheFirstRealChewy]

Definitely not over saving. I'm behind in terms of the amount I should have invested by age. My concern is not having enough in retirement. I sure missed out on the wealth building years of my 20s and 30s.

[@luisjoel-b6e]

My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.

[@patrickjones1392]

Rebuilding retirement solo is challenging. Partner with a trusted Financial Advisor for personalized expertise and guidance to secure your financial future.

[@luisjoel-b6e]

How can one get to interview advisors?

[@patrickjones1392]

Financial advisors are in high demand! They play a vital role in today's economy, and their importance can't be overstated. However, There are both excellent and subpar advisors, It's essential to do your research and choose a trustworthy expert. I'm lucky to work with a top-notch advisor in New York who manages over $600 million in assets.

[@luisjoel-b6e]

Who are you working withplease?

[@luisjoel-b6e]

I appreciate this. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@ultrasummit]

I had always wondered what my hourly rate is worth and when not to do a time saving task. This was a great video!

[@ghx783]

Does anyone have a link to that calculator used around 8:30 in the video?

[@xinhood]

I save about 25% of my income. I was just thinking on how to cut spending and save more when I watched this video. It was a good reminder for me to enjoy life also while I'm working. I've seen several people die very early in retirement or even before retirement. It is a very big gamble to postpone leading a fulfilling life to your retirement years.

[@brianwhitehawker1756]

My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?

[@lucaswilliams9992]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@yeslahykcim]

Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.

[@JamesScott433]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@yeslahykcim]

Her name is. 'Lucinda Margaret Crist’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@geraldt331]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@iitbftw]

I save 80% of my money while living at home. It sucks. You know what sucks more? Having to work for the next 40 years if I dont do this.

[@ThugByChoice]

Not wanting to take an ambulance is more a problem with our healthcare system than it is with someone’s savings habits.

[@MrNaifus]

ouch😂, this topic😅 straight to my heart, nonetheless great elaboration Humphrey. Loyal fan here from Malaysia 🇲🇾

[@LesterHess-t1x]

As a soon retiree, keeping my 401k on course after a rocky 2024 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.

[@wmwoods-l4f]

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

[@j.ottinger]

Having an lnvestment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know

[@PaulaCarbonell-n7j]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@j.ottinger]

I have worked with a few financial advisors before now but i ultimately settled for 'Annette Marie Holt'. She is SEC regulated and licensed in US. You can easily look her up

[@PaulaCarbonell-n7j]

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

[@Luis-od5on]

i did not know i needed to watch this video. Thank you for this

[@thriftymama3786]

My rate is currently 7% with a 3% match as well as another 6% gifted each check in company stock. But I'm aiming to get my input to 15% at least. Very thankful for my employers generous package though. I only make 50k a year and of course see less of that due to taxes and health insurance so it is harder to get to that 15% but I'm slowly working on it. I'm a single parent of a special needs child, currently getting 0 child support. The rising cost of groceries doesnt help but i still try to shop cheaply and put money into savings for future expenses like a car & house.

[@injured9406]

It depends on the paycheck and your mindset. You can’t force someone.

[@allisonbutlerj]

I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity?

[@hannahbrownnn]

I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

[@jessieyoung-szn]

Many people underestimate the value of advisors until they've suffered financial losses due to emotional decisions. After my divorce, I sought professional guidance to save my business and found an exceptional advisor who grew my assets from $175k to $850k despite inflation.

[@KevinEvans-mq4ob]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

[@jessieyoung-szn]

NYCOLE CHRISTINA VANNATA 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.

[@JanAlston-kd6yl]

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.

[@Hongkongcooie]

I feel ur time perception 😅a exactly opposite of what’s true. The slow day to day mundane stuff goes really slowly and the fun stuff such as holidays, go really fast. Time goes faster when I’m having fun.

[@AdamNicholas-3d]

I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500.

[@LindaKirsten]

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment

[@KyraFabulous]

Mrs Emily L Romano was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Emily L Romano.

[@PalmerWoods2]

She must be really dedicated and well trusted for people to talk much good about

[@ColtonBeau41]

the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional

[@FallyFestus-g9i]

I Started with $5,000 and Withdrew profits $89,000

[@dant6067]

This video was a wake up call. I have millions in the bank and don't really enjoy any of it. Time to make a change.

[@jivefive99]

You can NEVER save too much for retirement.

[@jon34153]

It's a tough call. Imagine a person passing away with millions of dollars in the bank. Let's say no kids. IMHO, they saved too much, especially if it meant significant sacrifice during the younger, healthy years.

[@Rylourne93]

31 yrs old. about 25% at the moment goes right into stock funds to compound for early retirement.

[@nh154321]

I feel personally attacked 😂😂😂. I am trying to start spending more freely, now that I achieved fat FIRE at 43.

[@jamesburk891]

Love this message... keep up the good work

[@jpHarkins-kb2vv]

What if you dont have or want "partner" and just love your. Life as it is including saving money.

[@PhillipCun]

I’m at 5x my income at 36, about halfway to my FI number. Spending more is buying another $100k+ car or buying a $2-2.5M home. Both sound daunting to be honest and will make me feel like I’m too stretched. But 100% on spending to address all 5 signs in this video

[@FrankBenjamin-l3b]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

[@LucyVade]

I want to start too but i don't know how..

[@chinyerejoseph8004]

Lol, what strategy do you use please?

[@Rolando-en6en]

Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..

[@FrankBenjamin-l3b]

Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Adriana Catherine

[@4lovehenry]

Nice to see you talking about her, sHe is really amazing, she has amazing skills, she changed my 0.3 BT C to 1.9 BT C ......

[@CoutureCW]

Would love to see you tackle how defined-benefit pensions work and how its dynamics can be implemented into a financial plan for retirement, considering most don't get access to a 401k. There are very different ones out there, unionized or not, governmental vs private... which ones are best, most likely to keep existing over time...

[@ClarenceFerland]

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.

[@GrozaGroza-ko7fn]

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

[@masterotrunks]

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

[@BradlyLane]

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.

[@sole27ore]

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

[@kyleevanston]

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

[@e.t.theextraterristrial837]

Ok here's the thing with F. I. R. E calculator, it doesn't account for the biggest expense, housing. If you want to retire you wanna make sure you own your own house because house prices always out paces wage growth. In the 80s the median house price 4x the median wage, today it's 7x. That ratio is even worse where I live at 10x. Housing prices inflate by 6% on average every year and wages don't.

[@mnledesm]

Single guy, physician, 43 years old. No kids, no significant other. I save around 85% of my monthly salary (45K - 50K per month). I pay an absurdly low interest rate 1.9% on my home (3K a month), paid off 2015 ML 350 but I did buy my parents a nice luxury SUV which is around 1K a month. 500-1000 a month on utilities (pool/electricity). I have about $1 million in cash and 250K in high yield savings account. I have an additional 10K account for emergencies/fun money. Last month opened a VTSAX account with 20K play money which I don't really mind losing. No other expenses except for maybe a nice european/fiji/tahiti/Sonoma/Napa vacation 2x a year. My only expense (3K/night) type of hotels. No expensive hobbies - reading, running,working out. Pretty frugal day to day otherwise. Your channel is an inspiration knowing there are similarly minded people out there. Funny part is that I don't even want to retire anytime soon. Just thankful for my blessings and living each day with gratitude.

[@oldbot64]

Not planning to get married? Pretty cool that your finances are sorted for the foreseeable future.

[@PaulProsperInvestments]

Good on ya. Please get most of that cash and all of that money in your high yield savings account into VTSAX. Do you think you will ever change and start spending?

[@michiganman845]

Get a significant other and enjoy life. Jesus, your 43. Build some relationships.

[@alanedison1]

@@michiganman845damn who’s to say that he isn’t enjoying life already

[@jjred233]

My friend had his daughter graduated to become a physician about two years ago. She makes about $400,000 and married another physician making $550,000, They bought a house for $3.2 million, $1.2 million in student debt and $700,000 in other debt. $0 saved for anything. I understand that that is the usually lifestyle of physicians.

[@willardSpirit]

Live with my parents (I do support them financially and fix the house) but I save over 40% of my salary. +17% goes into my 401K and some goes into my IRAs. I've been doing this for quite some time and grew up poor so i'm used to being frugal. Only in these past few years I feel guilt-free in going vacations, getting into cycling and enjoying life with people

[@KeyboardWarrior3847]

link for financial freedom calculator used in the video?

[@MPT458]

I am 45, I save more than 50% of my income for retirement. I started saving late, when I was 35 years old.

[@cesarmurph]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@ANDYPADOVA]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@JosephMartin7226]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@michaellaw321]

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

[@JosephMartin7226]

Finding financial advisors like Sharon Ann Meny 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.

[@michaellaw321]

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.

[@livingunashamed4869]

No such thing as saving too much!