If You're In Your 50s or 60s, Watch This (life lessons from 70 year olds)

[@therichbuddha3277]

1. Don't be too closely aligned with your company 2. Diversify your investments 3. Buy back time (pay others for menial tasks) 4. Your spouse will not be with you forever 5. Health is more important than wealth 6. Rent expensive toys before buying 7. Wished they had done it now versus waiting 8. Wished had reconnected with old friends 9. Wished they had thought about time of each day and fill with joy and purpose. 10. Wished they had said no more often.

[@omarsandoval0623]

Thanks for the summary 🙏🏼

[@glensmith491]

Time is an expensive price to pay to get money and there are no refunds.

[@masterdad-zf9po]

#4. Got it nailed down. We’ve agreed (well, I’ve agreed) that I’m dying first!

[@AAWGASHTADS]

NO - Don't work so much Or for so long ?

[@dondamond7151]

Dude, I really appreciate your sharing others wisdom. And you do this for no other reason than to serve others. Thank you for your generosity.

[@drewseibert4878]

Well done as usual. I look forward to my morning coffee, some reading, some guitar, and a gently delivered bit of wisdom from your channel. Thank you.

[@OMIKAMI-wealth]

This is my favorite comment 👍

[@450Chicago]

Already retired and enjoying my life but enjoy listening to you as it reminds me of my own values.

[@Rottingboards]

I retired a year ago. One thing I learned is how time is worth so much more. I now know what I was giving up for money.

[@ElectronicsRobotics-pe9sp]

I took the idea about renting expensive toys and experiences many years ago, the roadster, the hot tub, the camper can. Best to keep your money for what you love and use it to retire earlier. Quite an important one.

[@mydressmemos]

I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.

[@winifred-k9e]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns.

[@ThomasLuke-u3v]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $375k to around $650k.

[@JacobsErick-u8r]

in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.

[@ThomasLuke-u3v]

Melissa Terri Swayne is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@LUCIASMITH-d1z]

Thank you for the information. I conducted my own research on google and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.

[@polaridoo1]

100% agree. Only by something you are going to use all the time. People fantasize about second homes and big toys, but between hectic retirement schedules with family and friends, or health issues, they often don't get to use them as much as they would like. So they outlay tons of money to buy these things, rarely use them, and then have to take it in the shorts when they sell them or pay commissions. Keep your life very simple and retirement.

[@Fearizthemindkiller]

Love my boat- I boat almost every Friday for the last 4 years. Agree to rent on second home/vacation home.

[@chuck_in_socal]

I’ve had my airplane for over 20 years. Second homes can be great investments, but maybe not so much if you have to borrow money to buy it.

[@DavidFarley-ex6wr]

The background noise is awesome, ignore the complainers, easy to hear you Azul!

[@billjoyce]

When we started to do international travel in retirement my mother-in-law lamented that was what she wanted to do, but her husband wanted to do that "someday" but not now. Then he died and she had health issues, so she can't do the travel. She said her definition of "someday: is "the day after never". He was also cheap since he wanted to preserve their investments, now she has RMDs she does not need and pays more taxes because of them.

[@greenwithNV]

Love the "Some day,...... is the day after never"! WOW that's powerful

[@DrPaulMonitto]

Great words of wisdom. Second homes are money pits unless you’re renting them out. Airbnb and VRBO are the way to go. You get to stay in different places in different locations and can choose whatever amenities you want i.e. swimming pool, hot tub, Lake views, Ocean views, beachfront. Thanks for sharing 👍👍

[@tonyherdina9142]

2:55 I cut my own lawn. I look at it like I can go take a 45 minute walk for exercise or spend 45 minutes walking behind my self-propelled lawn mower.

[@utubewillyman]

All of these chores are a win-win as far as I'm concerned. I put in new floors. It took a week and towards the end of the project I had to put on a belt to keep my pants from slipping down.

[@sharonozvenom]

I mow my lawn with the same thought . It’s a form of exercise .

[@goodknightjedi]

Great video, Azul. We love our second home -- for 6 years we have gone there every weekend (by the beach). Have also gained $400k in equity.

[@miken7629]

I am not doing anything different in my retirement, living the same way without the burden of a job, focused my life on Physical Financial & Intellectual goals and will continue doing these until i die, dont.know any other to live.

[@jimd.2683]

Azul I turned 60 this year and this video is timely for me. I am going through most of all of what your talking about. Thank you for the video! Question. Do you offer one on one counsulting to navigate a few of these issues?

[@jarnolehtinen2269]

"Your stuff can own you vs. you owning your stuff". Wisdom. I just turned 50 and moved to a new home, new town after a long stint in one house. The amount of shit owning me that I had accumulated felt overwhelming. During the move I got rid of so much stuff and the process keeps going. Every single time I give away or sell something I had previously acquired thinking it would make my life better, I feel lighter and happier. Being a car nut and petrol head since baby, cars have been my weakness and it's been just recently I realised there's a point after which the passion becomes a burden. Walking into the garage and feeling like shit, man, what have you done, you know something's wrong... Love your grounded wisdom, great content, no bs, no clickbaits. Thank you.

[@music-jj2pl]

I like seeing the different places you go to and the sights and sounds that come with it. Thanks for the video!

[@maxflight777]

Number 6 is very good ! Always rent a plane/boat/motorhome/ Never buy one !

[@tomj528]

All good points, especially the vacation home. An elderly relative has a lake cabin where we've vacationed for the past 40 some years and now they're too old to get up there so it's just me and my wife and it became clear this past summer that it's too much work for just one or two people. Between getting the boat ready, replacing and charging the batteries, launching the boat, hooking up the electricity to the boat lift, the canopy, the cleaning, the house repairs, even the cooking and dishes is more significant without more people to help shoulder the load. Another eye opener is that it's really difficult to get anything done up there these days for larger maintenance items like painting, roofing and forget vehicle repairs without a 2 week wait. The blower on my truck's HVAC system stopped working while I was in the midst of everything else while it was in the mid 90's with super high humidity. I was lucky because I had brought my multi-meter and wire stripper/crimper for a boat repair so I was able to diagnose it as the blower motor resistor and make the repair myself including replacing the burned out wiring harness all while parked on the 30° incline driveway...good times! My relatives are going to sell the cabin once one of the passes for the step up in cost basis which is disappointing because they always said they'd pass it on to me, even using this to talk me out of buying a small lake home in my home town a decade or so ago when they were far more affordable, lol. Clearly it's a good choice to sell as it's far too much for me to manage 2 properties and I thought I could get a smaller lake cabin in the same area but those are all long gone, torn down and huge monstrosities built in their place. So I'm going to look for a lake home in my home town again, while not as nice as up North, good enough and a lot easier to care for one property, easier to find help around here not too mention much closer to good quality health care and emergency services which has been an issue up there.

[@WealthyChronicle]

I wish I had reconnected with old friends earlier… life really moves fast, and it’s easy to lose touch. Who else feels this way? Let’s make it a goal this year! 👥❤

[@travelseatsyellowlab]

Friends are frequently tied up with their own lives, families, etc., but attempting to reconnect never hurts.

[@nanniecath528]

Always love your insights Azul!

[@liamedwards2517]

Great video, very good tips. Might have helped though to put a little heading when you start a new tip so that skimming through people can see what tip you’re referring to.

[@LesterHess-t1x]

My original retirement plan was to retire at 67, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@wmwoods-l4f]

I’m 62 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.

[@j.ottinger]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@karitanaw]

Could you kindly elaborate on the advisor's background and qualifications?

[@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

[@karitanaw]

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

[@Rottingboards]

Great knowledge gathered and shared! Thanks Azul.

[@kevcall]

All very wise words

[@Bigboss-xe6lm]

The power of NO is fun and intoxicating imo. I love saying no to people. Its like adults these days think everything is a yes. F that

[@kenham2323]

I made the boat mistake.

[@mike-x3h7q]

$75k biweekly changed my mindset and behavior, my goals, my family and l've to say this video has inspired me a lot!!!!

[@TengkuTony]

I'm feeling motivated could you share some details about the biweekly topic you brought up?

[@mike-x3h7q]

I raised $75k and Matthew D Heck is to be thanked. I got my self my dream car just last weekend, My journey with him started after my best friend came back from New York and saw me suffering in debt then told me about him and how to change my life through him. Mr Matthew is the kind of person one needs in his or her life! I got a home, a good business, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!

[@LadyAnn-m2p]

Oh yeah! Thanks, been looking on way to get his contact. I’m happy i came across this now … how can I reach him

[@GarryMayfar]

Wow I know him too Matthew Heck is a remarkable individual whom has brought immense positivity and inspiration into my life.

[@mike-x3h7q]

Can't share much here. I'd suggest you research him further on the web.

[@michaelkearney7923]

As you say, everyone’s situation is different. In the case of my wife and I we had a vacant lot that included a clubhouse that we could sleep in and a slip on a dock. My dad bought me a cheap sailboat, which is an awesome addition. During the housing market collapse in 2009 and 10 I was looking at 2 x 4 futures And told my wife that if we were ever going to build our vacation house now would be the time. Labor was cheap material was cheap and in total we have about half a million invested in the house and it’s now appraised at about 2 million. Both of our kids use it on and off and it has become the gathering place for the entire clan from across the country for the holidays so a great addition to the entire extended family as well as ourselves. We could rent it out through Airbnb or VRBO, but choose not to because the expenses aren’t terribly high. We could in the future but you have to be aware of the extra wear and tear on the house.

[@Jamaal67i]

I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2025 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk.

[@Peterl4290]

Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

[@jerrycampbell-ut9yf]

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. its important to seek the guidance of an expert

[@sabastinenoah]

Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

[@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.

[@lifewithmargot]

That’s a good one, rent the expensive toys!

[@appleforever6664]

When I retire, I plan to buy a second property in NV to avoid State Income Taxes on pension.

[@tomTom-lb5cu]

My wife said she wish I worked more hours during my working years instead of just 48 hrs a week so we’d have a bigger nest egg. My wife said she wished I didn’t retire so soon she said 72 was way too early because I still had reasonably good health and could collect full social security. My wife said I spent too much time exercising because it might make me out live our savings and she hadn’t figured that into her financial plan she said it was only for me to have a life expectancy of 75. My wife said with me retiring so young that she might have to cut back on my meals , well it’s that or her stopping getting manicures and pedicures and she said that’s out of the question. My wife said when I need something to help if I start having bladder issues that I’ll have to use old towel because big people diapers are way too expensive just to throw them in the trash. Well anyway my wife lucky for me has things pretty much figured out.

[@cutehumor]

I always say women should work longer than men because women life expectancy is longer. I told my wife I’m retiring with irs rule of 55. I told her she will work until she is 59 because our last kid should graduate college when she is 59 😂. I have health issues and poor family history of cancer. She has long life expectancy in her family and is healthier than me now. We are only six months apart in age

[@aikoyu9815]

I pity you. 😅 She is your boss & master for life.

[@tomTom-lb5cu]

@ I like your plan. My paragraph was just for humor only.

[@tomTom-lb5cu]

@@aikoyu9815 yes you are right my wife told me that on our wedding night. And said if I had a problem with that she knows a good divorce lawyer.

[@squidward66]

😂

[@yokoschroder314]

Azul, can you please next time video record in a park instead in a construction zone.😂

[@eightballjamal]

Why not have your kid mow the lawn? Builds character more than having them just watch you do it

[@Pihlalorjoone]

How right you are!

[@gdpope52]

Love the background noise!

[@RG-hf4et]

Unless you are very wealthy, don't get a vacation home unless you have a lot of money & you are realistically going to use it A LOT. My parents had one that was in a lake community that was 1.5 hours away. It was such a money trap PLUS my mother was a control freak & wouldn't let us 4 kids use the house unless my parents were available "in case there was a problem" with turning the water on & off, draining the water, etc. - yet we all had homes of our own, so it's not like we weren't aware of responsibilities that needed to be taken care of. They had the house about 40+ years & it was hardly used because of my crazy controlling mother. The money spent on taxes & annual lake fees would have been a nice nest egg alone. We kids were after them to sell it for years because no one was using it, but my dad had an emotional attachment to it bc he built it. I even had them see a financial advisor & he advised to sell the lake house as it would eat into their retirement money. Did they listen? No. They finally sold it bc my mom had serious cancer at 85 years old & they basically made no money on it. It was such a relief for us 4 adult kids that they sold it. It's really a shame my parents spent so much time & money on a showpiece house that was hardly used. When I suggested that they rent it to help psy for it, my mom went crazy at the thought if strangers in her house. The whole situation was insane. Don't do this to yourself or kids. Rent a vrbo or ab&b & stay away from vacation homes.

[@chuck_in_socal]

Spouse won’t be with you forever….that’s a tough one in a lot of ways.

[@sl-po2up]

I'm 55 , thanks for making this video, the last 5 years went by in a whiz , time will go by faster I'm sure, when and if I am 70, I'm sure I will say the last 15 years went by as fast as the last 5 years , the one about taking care of your health I especially like , what I wish I had known or done when I was 35 are: marry that "plain jane" , understood personal finance better , don't think so highly of your self, I thought I was good enough to become an fbi agent , of course the fbi didn't give me a job, and neither did any police agency , try harder in life, I became a pretty good amateur in a certain sport, but if I gave it an extra 30 percent I would have become national caliber . And I agree with the buying stuff, I always wanted a classic benz , so I got one. It wasn't as great to own, became a burden, costly , wasn't even very comfortable .

[@poms_beats]

This video is so interesting mainly because of the background lol

[@robertyoung2318]

Honking capital 👍😂. Thank you.

[@aikoyu9815]

Why are you in the street where there's a lot of noise?

[@timsilva1944]

That's a great question for anyone in the video. 😉

[@bearsouthof6086]

People like to be around people, especially in retirement!😂

[@timsilva1944]

@@bearsouthof6086 Some people perhaps. I have achieved saturation. I want peace and quiet, not a sensory overload.

[@bearsouthof6086]

@@timsilva1944 I guess Church setting in the evening is better. After 1000's of video's, I think it's creative video backdrops as much as content.

[@Lynzeefaster913]

He’s homeless 😂

[@frankguetta9529]

War of the Worlds Martian at 2:27. 👽

[@thefirm25]

Smart Investing Made Simple: Bitcoin as a Key to Retirement Planning........

[@JayFlock-pu7ti]

Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.

[@happyferet69]

I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?

[@tamethetikbalang]

Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.

[@gmachlin]

Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch with Mr J Clark

[@korkyket]

he's mostly on Telegrams, using the user-name

[@hypnotechno]

I have 29 million and I am 21 am i ok to retire

[@greg_216]

Depends how much money you want to spend per year 😉

[@theoriginalDAL357]

Did you earn that on OF?

[@DesmondNgBC]

I can hardly hear you. Can you pls get a proper mic.

[@nicstevens6499]

Noise...

[@YaoAnne-j7g]

I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated.

[@ShinodaPbp]

As a newbie 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..

[@FederickLeo]

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.

[@ShinodaPbp]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k 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.

[@FederickLeo]

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

[@YaoAnne-j7g]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?

[@swit2732]

More scams in the comments then comments. I thought I blocked this channel.

[@nanniecath528]

Azul warns in his headline, against the scammer comments

[@Earthtime3978]

Oh cmon, I’m 60 and this so-called wisdom that you have to separate your employer from who you are is bullshit. This is life, you have to work and getting glued to your job is part of it. And how bout if youre fired from your job that you’re not supposed to be to close with and lose your ability to “diversify” and create this great portfolio? These videos are all perfect scenario crap.

[@christinebourlioufas1336]

Why would you go to the noisiest place to do a video can hardly hear you

[@nuevodave2651]

Your videos would be so much better - you would reach and retain a broader audience, connect more with your viewers, and make your messages so much more impactful - if you only found a quiet place to record. This is not your first video with ridiculous background noise. If you want us to take you seriously, make a little more effort. How hard can it be to find a room that’s quiet to record for a few minutes? If you can’t be bothered to find a quiet space, how can you expect viewers to be bothered to continue watching?

[@UkpeneEmma]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@ZerriJoseph]

I'm 37 and have been looking for ways to be successful, please how??

[@UkpeneEmma]

Sure, the investment-advisor that guides me is..

[@UkpeneEmma]

Elizabeth stark

[@AndrewMikel-js7qb]

Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

[@nancyflores1787]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@gcman1111]

Well you act like a 2nd home can't be sold if it becomes too much to handle. most likely will have increased in value if anything break even.

[@jml9550]

Exactly, I have 3 rentals and they will all sell in a week. Bought these last 20-25 years and all of them more than tripled its value, plus monthly rental income are cash flowing quite nicely.