Is Retirement Even POSSIBLE?

[@satatik21]

This is one of the most useful channels on all of KZbin. This is truly a life in America howto. You need your own class for high schools. Pre-package your videos with supplementary worksheets and papers with suggested questions for the class. Give it to high school classes at no cost, you would save a lot of people a ton of pain.

[@TwoCentsPBS]

Thanks so much! Help us spread the word and maybe we'll get there one day!

[@pabliux142]

Neat idea. The short format and friendly understanding would serve perfect for schools. We need a global network of teachers that spread the message!

[@InvestingBookSummaries]

Geovanni D. It’s really awesome :)

[@NUCLEARARMAMENT]

Saving money is the stupidest advice you can possibly divulge to the average American, which pays 40% in taxes in a given year, which is compounded by the annual rate of inflation of 2% to 3%. In other words, for the average American, every dollar saved in a given year from net earnings is the equivalent of paying 68% to 69% in interest--and that applies to every dollar you net effectively after all the taxes paid, not just savings. Now, why in the fuck would you save money?! That's just completely fucking retarded when credit cards charge less than HALF that interest rate! I can literally live off credit card debt and pay less in interest and fees to the banks by making only minimum monthly payments for life than if I were to pay taxes to the fucking government as an employee for the rest of my life! You indoctrinated Dave Ramsey followers and your irrational debt phobias are the reason why you'll always be working poor and live like a plebian for life. His success is far harder to replicate with the same efforts and he has far less wealth than someone who applied the same efforts and utilized debt instead (e.g. Robert Kiyosaki, Grant Cardone, etc.), but don't let facts and figures sway you from your delusions.

[@NUCLEARARMAMENT]

Inflation, taxes, management fees, expense ratios will eat away over half of your total return if not more over the long-term; in other words it's barely a hedge that will only just beat inflation It's also heavily susceptible to losing half of its value or more during stock market crashes, of which you cannot insure yourself against, you cannot use margin leverage in it, and you get penalized for early whitdrawal and you get taxed at the highest rate when you take anything out of of it even when you reach the age of 59 1/2. The only good thing about a 401k is that your employer may (or may not) put up to a matching amount of your contribution, it's protected against creditors (except your spouse in case of a divorce due to joint tenancy and community property laws of each state), and it is tax-deferred (this might not be an advantage at all if taxes are higher when you plan to retire than during the time you contributed to it). Everything else about it is a scam and a funding source for the government, used by people who have no idea how to manage their money, let alone multiply it.

[@justinmiller7398]

As 401k is being pushed so hard by government policy in America, a video on a breakdown of that would be awesome and appreciated!

[@TwoCentsPBS]

It's coming, Justin. And a breakdown of IRA's too.

[@justinmiller7398]

@@TwoCentsPBS (in brutalized German accent) VONDERFUL!

[@SkyreeXScalabar]

@@TwoCentsPBS investing video too please!!!

[@patchesohoulihan2009]

@@TwoCentsPBS oh I can't wait for the video on Roth IRAs. I started one with USAA. I don't think it's a sworn fiduciary so I hope it's okay.

[@jgtv6269]

Graham Stephan has an awesome video on Roth IRA

[@animemanvivek]

keep growing two cents

[@kzmailman]

@George Jacobs the third cent is on the way! congrats on the new baby guys!

[@Gallowaves]

Honestly, I’ve learned more life skills from KZbin channels like this than in all my years of schooling. I really wish more people would take the time to seek this information out instead of complaining about how hard life is. Keep up the great work!!!

[@Number2Drakefan]

Knowledge is power🙌

[@TwoCentsPBS]

Thanks so much!!!

[@toddspangler6669]

Some people call it KZbin University. Watching KZbin has made it so I can retire way earlier (18 yrs early ) than normal retirement age of around 65. That and I can fix almost anything due to video tutorials. 😅

[@EthanMason23]

I watch several KZbin videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

[@Oliver-Lucas]

@HarunaSaiduHassan I want to go into stock but i need a certified/registered professional who will guide and handle my account;;..

[@EthanMason23]

@@Oliver-Lucas What is the name of your broker and how do i connect with him or her ?

[@EthanMason23]

@HarunaSaiduHassan Wow that was easy, i found her website and left a message for her . i hope she reply me. thanks.

[@queenidowu13]

@@EthanMason23 Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

[@myopinionsarefacts]

My retirement plan is to get into a bar fight with an alligator. Either I win and I never have to work again or I lose and I never have to work again.

[@mysigt_]

Irwin’s Wager, I think they call it.

[@wsue1038]

It helps to have a creative mind. LOL

[@Psylent]

how would winning help u to not work?

[@allinonethegreat]

LAUGHING MY FUCKIN ASS OFF LOL

[@Nigtmaredemon]

Smile he would become famous for fighting a crocodile and would ride if the fame and build a career on it.

[@piyh3962]

I feel like Julia has been pregnant for 11 months.

[@kingsway1019]

Maybe the next „cent“ is on its way 😉

[@killermacmc]

So does she, likely.

[@garydrago]

They probably recorded these all at once and are slowly publishing them

[@MrTheOSSA]

That is why she is soo busty .... 🤩 .

[@aaronsmith5864]

Yeah they probably recorded them all at once or they are mormons and they planning on having 30 kids they do seem eerily upbeat and nice like mormons

[@rosesmuse492]

Fantastic channel. And, although the target audience appears to be younger workers, watching the videos has also taught this 60-year old financial disaster a LOT. Recommended watching, no matter what age you are.

[@maresgoez]

My retirement plan is dying young.

[@IndiaisHindupromisedland]

Do you have a minute to talk about Jesus

[@yockotacolorado]

you have a solid plan

[@ramonramirez262]

That works 👍

[@GeorgeVajagich]

Just start investing young then you have more time for your money to compound

[@gentlemanbeatz]

All i have to do is have the police called on me for entering my own apartment at night while reaching for my wallet. Jokes on you society...i have student debt and an empty bank account.

[@spazzman90]

March of last year I started watching these videos. I'm old and thought I didn't have a chance. I didn't have anything in retirement, but I had a lot of stuff around, collectibles and such. Sold most of it to the tune of about 35 grand and put it in the market. I'm at about 65 grand today and contribute monthly and don't buy crap anymore. Every cent is planned for where it is going before I get it. I'm 48 now, but I think I'll be alright in 15 years.

[@lukehaswell3075]

It’s amazing to me how much money people where I live are spending on cars,home remodeling projects and other “keeping up with the joneses” types of expenses. It seems as though owning an Audi SUV or similar is not about gaining prestige, it’s more about not feeling like a loser. I’m worried that so many people are wasting money on status symbols, and are clueless about the financial reality that is going to crush them.

[@mariapady7564]

Truly a wasteful generation

[@jamespham1668]

People live rich and accumulate more debts now. Money is meant to be used productively, look at people in Wall Street. So much cashflow is been acquired in the financial market everyday.

[@hannahcholerton1253]

Yeah dam right about this luke. They all have the right tool (money) but fail to use properly.

[@hannahcholerton1253]

Not my intention to gloat. I have had ups and downs in the past but you know what made me strong enough. Savings and investing. My partnership with Charles Alen effectively made my finances into a fruitful investment with his company. On 7 sept 2019 i received $54,840, which was my first payment with his company on the long run.

[@hannahcholerton1253]

It’s embodied In creation of financial income, I started out with $7,600 on his company’s portfolio. My initial cycle contract lasted for 3months before I made my first withdrawal.

[@brihanwoolman2217]

Thinking outside the box: Retired oversea, many expat been doing it for decades.

[@RangerRuby]

Whoever edits your thumbnail needs a high five.... anyways... Great video! I love watching videos about my eventual financial future. It gives me the satisfaction of planning ahead and is fun as well.

[@InvestingBookSummaries]

Ranger Ruby this channel is awesome!

[@Wirely]

The one thing that $1.18M dollar retirement nest egg doesn't take into account the skyrocketing price of health care, especially drug prices. You mention how federal policy has put the burden on workers rather than on policy. While I agree that we need to take some responsibility for our own choices, isn't there a failure here in policy, too? I think you should have put out a call to address the failure of the public systems that are basically saying to workers in the USA: "Retirement is a lie. You will work until you die."

[@saraashkir5793]

While I totally agree (because healthcare and drug prices are VERY ridiculous and nobody's doing anything about it so they can keep benefiting) I also don't think it's Two Cents' place to call it out. Their channel is more focused on what we can do as normal people since we can control what we save and spend. Of course, bringing awareness to policy issues is important, but then it causes people to grow complacent as it "isn't their fault." We do what we can I guess, but it definitely is messed up.

[@Rizzo5ify]

I would advise trying (cbd) medical marijuana instead of a lot of prescription pills. Might be expensive now but as soon as marijuana is legal everywhere the price will drop dramatically. It's sort of a miracle drug for treating pain and anxiety. Doesn't get you high either.

[@rudylikestowatch]

At 0:55, the chart shows most people used to die soon after retirement. And before that, some families lived together to share life expenses.

[@gabrielholland6352]

I totally agree that as a nation we need to address these issues, but like someone else mentioned, this is a financial show, not a political one. So, it isn't really on them to "call it out". But I have another stick to poke at your argument, which I hope will relieve a bit of your anxiety. Nothing increases forever(adjusted for inflation), and if the system breaks enough, I'm sure policy will be put in place. I think it's too easy to look at a current trend and assume it will continue in perpetuity. In the end, it will work out.

[@A.I.-]

1) HOPE FOR THE BEST: Hope that policies will change for the better. 2) PREPARE FOR THE WORSE: Prepare for the situation that policies won't change. 1 is something you have No Control. 2 is something you Have Control.

[@SkepticalMechanic-l9x]

Retirement is not an end, but a new beginning.Your dedication today will pave the way for a future filled with financial security and the freedom to pursue your passions.Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..

[@devereauxjnr]

Congrats on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.

[@viewfromthehighchairr]

@@devereauxjnr Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (NICOLE DESIREE SIMON) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her.

[@AlbertGReene-p8w]

@@viewfromthehighchairr I really need professional aid because I'm close to retirement and my portfolio is down over 15% just in the past month alone. It's been that way for the majority of 2022. Could you please suggest this coach to me?

[@SkepticalMechanic-l9x]

@@AlbertGReene-p8w this recommendation came at right time, very much appreciate it. curiously inputted her full name on my browser and found her site top search, no bs.. over 20 years of experience is certainly striking!

[@thenoodlebuddy]

Don't respond to this person they are a scammer

[@AnthonySmith-tz3kh]

The less debt you get into earlier , the more retirement you get to have later

[@TEMPARD]

Unless its good debt

[@janebaker4912]

@Bobby Schmurda nah, there is good debt. My I pay interest on my home loan but the price of the house went up by 20% this year and probably will go up 8% every year. So going into debt ( if you can afford it) for growing assests is ok

[@saraashkir5793]

@@janebaker4912 But obviously it'd be better to save up and pay down as much as possible of the house (and cashflow any other smaller items like cars or furniture) rather than going into debt. The reason debt is so scary is because if an emergency happens and you don't have enough in savings, you may get your house forclosed or rack up too much interest. In general, it's better to not go into debt if possible

[@janebaker4912]

@@saraashkir5793 I would never go into debt for a depreciating assest like a car or furniture! But houses and rent are so expensive in my country! I could never pay 400k (the average in my "cheap" town) outright. I could try and save 400, but the house price would be 900 by the time I did as house prices here are growing faster than anyone could save. I will try to pay it off as fast as I can, but it's a needed debt. Plus rent will go up and my mortgage will go down as I pay it and I don't want to wake up at 60 and still paying rent!

[@saraashkir5793]

@@janebaker4912 In your situtation it makes sense to take out a mortgage (and in a lot of people's situation it makes sense also). I guess I just don't like when people say "good debt" because it's so risky and you're paying interest. There's nothing good about paying thousands of dollars of extra interest if it's not necessary. But it's good to pay it off asap. It just annoys me when people have money that they unnecessarily save (above amounts they'd need) rather than paying off their house earlier and reducing interest, but to each their own.

[@laletemanolete]

My plan: no kids and dying young.

[@amandawilliams9337]

Man, you both really have that pre-covid times pep in your step. Great video, as always!

[@proudvillager9698]

I m from very little village from India and I love two cents 😘

[@Zaidgoku]

Smart Worker where??

[@TauroChuck]

How small

[@lelandgaunt9985]

Well yeah that like what 3000$ over there.

[@proudvillager9698]

By the way everyone is not poor in India and neither I am I m doing my own business and living good satisfying life ! And first learn how to respect others then think about saving

[@lelandgaunt9985]

Smart Worker my favorite movie is sircar, namaste

[@josephminder7366]

You guys did such a good job of pulling this channel together im impressed

[@TwoCentsPBS]

Thanks so much! We have an awesome team and an amazing community of fans. We're very blessed!

[@Emilio0587]

My friends in school used to make me feel bad about how I looked, then I realized they weren’t friends and started not worrying about what I’m driving and what I’m wearing.

[@rolandtours8404]

Healthy habits help. Health is wealth.

[@rolandtours8404]

@Bobby Schmurda Good health means lower medical Bill's and more enjoyment of life, even if you live in a car.

[@mishadasari]

I agree, I always feel bad about spending money on my health now but I'm trying to change that because it'll just get harder and harder for my body to heal and much more expensive in the future

[@barvdw]

True, but even people with healthy lifestyles can get medical problems, after an accident, because of genetic predisposition or just bad luck. Your chances to get lung cancer are higher when smoking, but people who never smoked in their entire lives can still get it. Having a good health insurance is still worth it.

[@RainAngel111]

@Bobby Schmurda no but if you're still fit and healthy in your 60's you can keep working, earning and saving. Not many people retire at 65 any more.

[@TheRosemontag]

I think you mean health before wealth.

[@chandlerredhead27]

"losing our desire to earn a paycheck" okay but that's literally me after less than a full year of my first real job in my early 20s.

[@VioletEmerald]

Never had the desire to in the first place probably... especially as a woman raised by stay at home moms, what was modeled to me was that not having a job was pretty possible...

[@writeeat7364]

​@@VioletEmeralduntil you see the stats on abuse. Possible doesn't make it good

[@happyfish1212]

live in indonesia.. i sell a street food snack for living.. i think i will do it for the rest off my life.. i never need retire, i never work infact, i love what i do.. cook..

[@Rizzo5ify]

Good luck Sir! I bet you are happy and don't stress about saving money knowing you can work without retiring. I'm in the same boat, never had much savings, never even thought of putting away money for retirement. Low wage workers will never be able to save for retirement. They have a hard enough time keeping up with cost of living.

[@vincentconti3633]

Apa kabar? I lived in Jakarta and Sulawesi for two years. 2000 and 2001...two wonderful years...terima kasih!!!

[@vincentconti3633]

Lucky you. I am old and still work a little. When we stop moving we die! Do you cook sate?

[@RikoJAmado]

I agree. It never feels like "work" when you do what you love. I am Mexican and Japanese too. We never "retire".

[@cybercomets7260]

i wonder if he's still alive

[@rodrigohernandez-rp9qq]

Yes!! Another 2cents video!:)

[@derekyasmar2780]

This video needs to go viral! This channel is the most valuable youtube channel!

[@MJNET-mt8sg]

Im 18, I started a Roth IRA account in December and im working hard saving 80% of my paycheck trying to hit the $5,500 limit for 2018 contributions. Since December ive somehow manged to get over $3,000 in in the account so far making 20k a year. Whew. I wish i had learned more a few months earlier so I wouldn't have so little time to get the over 5 grand in the account.

[@DavidAWA]

Wow. That is really impressive. Early in your work life it can be difficult to hit that $5500 (now $6000) IRA limit. But I'm envious that you're starting that early! I started in my mid-30s and I had to invest $15,000 - $19,000 a year to catch up. You'll be so far ahead of the game, that you won't have to break your back later. If you only keep doing what you're doing, you'll have your 1.1 million by the time you're 52! But I bet you'll invest more as you make more. And if you double what you're contributing. You'll be a millionaire by your mid-40s!!! Make sure you're diversified (Index funds are good) and don't get spooked when the market goes down. You're gonna do great.

[@mikeg9b]

One year isn't going to make a big difference in the big picture. What is important is to get the money saving values that you seem to have right now and keep them for a whole career. Every year, challenge yourself to save a little more. When you hear advice about saving 15% of your income, ignore it. I never hit 80%, but I sustained 30% to 50% for a 20-year career in the Army. After you max out your Roth IRA, work on maxing out your 401(k) if/when you have access to one -- that's $19,000 for 2019. Just like there are traditional and Roth IRAs, there are traditional and Roth 401(k)s (if your employer offers it). After you max out your 401(k), put any excess in a regular, taxable mutual fund account. I recommend Vanguard because they have lots of index mutual funds with low expense ratios (and that's the only kind of investing you should do). Do some internet research on index mutual funds and expense ratios ... and inflation. I retired in 2016 at age 47 with $750K in savings and military retirement pay (about 24K/year). You can do much better than me since you're starting earlier. A good education is also a good investment (but start at a community college). Being the smartest person you can be will lead to higher paying jobs. Stay healthy. Health problems are expensive. The end.

[@BarnyWaterg8]

You’re gonna be set up reallllll nice when you retire at this rate! Good job!

[@MJNET-mt8sg]

Ive done quite a but of research and decided on Vagaurds target retirement fund. Its extremely diverse and risk adjusts as I get older. Ive already gotten $85 in returns just from what ive put in in these not even 3 months. The market going down doesnt scare me. In fact, i see that as a way to buy great companies at a discounted price!

[@mikeg9b]

@@MJNET-mt8sg You're only 18? Everything you said is exactly right! A target retirement fund is perfect.

[@josemhs1213]

Hey guys I just wanted to say thanks. I started watching about a year ago and its my senior year of college. Most of my family doesn't really have much in terms of knowledge or smart past decisions and this channel has helped me feel more comfortable in my future and safer going out of high school.

[@VannaMae]

While I agree we should all save for retirement my biggest critique of this video is not stating the obvious: that MOST Americans are paying off thousands of dollars of debt from college, or healthcare costs, housing, ect. Most of us are living paycheck to paycheck and dont have enough in savings as it is. Most Americans couldn't afford a $1000 emergency if one came up. Thats the reality we are living in.

[@pnkflyd350]

I used to live in that reality too. But it's no one's fault but your own. Be on purpose with your money. Give every dollar an assignment.

[@VannaMae]

@Bobby Schmurda Yes I am an artist, that is my job and I get paid well doing it. Its helped me afford a home that I own and travel the world doing what I love. My comment was based on the state of our country and my community.

[@Iffy50]

The majority of the people who are living paycheck to paycheck in the U.S. are choosing to live beyond their means. There are loads of places to save some money. I make a lot of money, yet I live in a smaller, less expensive house, and drive a less expensive vehicle than many of the people I know even though I make more money. If people would analyze their budget and trim it they would be able to create an emergency fund.

[@MikeBNumba6]

@@Iffy50 I'm guessing you don't know how expensive medical bills and debt can be. Plus college loans. Also people things in life happen such as car repairs, house repairs, getting laid off, ect... All it takes is one travesty and you can be in a hole. The op of this thread is pointing this out. There's more to it then living frugal

[@Iffy50]

@@MikeBNumba6 Living frugal would solve the problem for most people. I'm 46 and my house will be paid off in less than 10 years, although I could pay it off with cash tomorrow if I wanted to. I paid $4K out of my own pocket for medical bills this summer when I crashed my motorcycle. If you look at my home, my vehicles, how often and where I go out to eat, you will notice that I live beneath my means. Other people who make less than me have nicer houses, nicer vehicles, and go out to eat all the time. I just got back from vacation in Maui and those same people who have nicer everything say "I wish I could afford to go on vacation". A lot of people choose their financial instability by choosing a lifestyle they want rather than a lifestyle they can afford.

[@sammyjohn.production4783]

I cant belive i am watching all this in free i could have to pay to watch this usful education thank u great couple

[@bored4325]

save $100 a week for a year, move to mexico and be rich

[@TheBoxingNinja]

But the wall...

[@TheBoxingNinja]

@@MayankSingh-qg4zv you like 70 years in the future? Do they ever make bacon tacos? I need to know.

[@jeppep95]

how poor do you think mexicans are?

[@milk_bath]

@David Your brain is a shit hole (comparatively).

[@ELCLAVE300]

@David Please keep convincing your fellow Americans that it's really bad. So that less Americans come here to Mexico.

[@markimperial623]

I remember when this Channel only has 1k subscriber (I was lucky Iwas in the first thousand) that this channel will Grow and Grow. I love this channel! I love the animation and the video. You guys are going to be bigger soon wooo!!!

[@sharkeyes333]

I love the black mirror reference. That's still my favorite episode :)

[@Ocean-Mariner]

You guys are great... keep up the good work. Education is key.. thank you for guiding folks to a better future..

[@simplyclean4907]

Why you guys always talk about 6 figures... and never talk about what I can do with my 2 cents

[@randomvideosn0where]

If you save 2 cents per minute from age 30 to age 65 you would end up with enough to retire.

[@YourMajesty143]

@@randomvideosn0where - I would have around 150K, that's not much to survive on for 30 years.

[@puneetjamariya]

@@YourMajesty143 With 0% investment the amount will be $368,000 6% return $1.8M 10% return $3M 12% return $4.8M

[@pawsnotclaws2772]

GoogleMinus lol

[@milkncookie]

Your two cent? You could eat them?

[@ThisisBarris]

The greatest power in the world is compound interest. Another great video guys. Thank you for looking over such a crucial subject.

[@DavidAWA]

Can confirm. Started investing at 35. Been at it 8 years. Through my living under my means, getting raises and investing smart with some risk, I now have 8x what I had (in a lucky/historically good market). If all goes average (I assume a 9% return), I'll have my $1.1 million in around 14 years. No inheritance, no matching 401k, not counting my modest pension. This can be done. If you make $40,000, live like you make $32,000 (which a lot of people do) and you'll have your monthly contribution. Or if you get a raise, add it to retirement instead of improving your standard of living right away.

[@TwoCentsPBS]

Thank you so much for sharing your real-life "run the numbers" with us!! : )

[@G1ennbeckismyher0]

*Insert generic comment about how "I don't make that much so therefore this is irrelevant/unrealistic advice for anybody"*

[@trevorcarl9515]

The markets have not aged well since this comment.

[@DavidAWA]

@@trevorcarl9515 No way. The run up from March 2020 through February 2022 almost doubled my portfolio. Definately took a hit the last couple months but still well up. I mean, we'll see, but I'm continuing to buy in during the downturn.

[@DavidAWA]

@@trevorcarl9515 If you respond to this, I'll give you my numbers for the past three years.

[@DugrozReports]

The median annual income in the US is about $31,000 per year.

[@gsogymrat]

I'm 53 now and if I don't have health issues I think 75 would be a good age to retire. Unless there is a catastrophe, I have enough invested but I enjoy my work.

[@wsue1038]

I enjoyed my work also. Eventually the company broke me.

[@randomvideosn0where]

Many people would consider that retired already, when you don't need to work but choose to anyways it is more of a hobby.

[@JonathanS89]

I love hearing Julia speaking! Great channel, I've been binge watching your videos!

[@Olhar.Internacional]

Why is everyone talking about saving for retirement instead of (or in addition to) creating assets/sources of income? Saving money for 30 years is not realistic for me. Who knows what the world/the economy will be like then.... Now, creating multiple sources of income is a far better and more realistic approach for me. Travelling the world as a retired person? I've been doing that one and off as a digital nomad (27 countries so far at age 32...why wait until I'm old??). Take as an example Tim Ferris and his book (the 4 hour workweek) and Robert Kyosaki (Rich Dad Poor Dad).

[@krysiunia]

This video is about investing in the stock market for compound growth, to have enough for retirement.

[@MrWackozacko]

@@krysiunia I think he watched the first minute and decided to tell the comment section how he has it all figured out already.

[@MrWackozacko]

I never understood Rich Dad Poor Dad, trying to tell me the house i bought and subdivided and rented half out that covers 110% of the mortgage is not an asset but a liability..

[@avburns]

@@MrWackozacko It's been awhile since I read "Rich Dad, Poor Dad" but if I recall an asset "puts money in your pocket". It sounds like your house, unlike others, is putting money in your pocket, so it is indeed an asset. Congrats.

[@izzie.bellie]

who said you couldn’t travel or have a little fun because you invested some of your money for retirement?

[@Kioko6300]

OMG! This is like the most positive channel ever! Keep on doing the great job guys!

[@bonifiedwyrdquietguyesq]

Look for low cost index funds. Don't waste you time trying to play the market.

[@Firefighter53]

This series is great! Keep up the excellent work. Thank you PBS!

[@brian-beeler]

Great advice so long as the stock market returns 7% per year for the next 30 years which is very, very doubtful. Also don't get sick, lose your full-time job (if you can find one), don't have kids and don't get divorced. But otherwise great advice! Just my two cents.

[@randomvideosn0where]

If you don't like the odds you can save more. You can't do much about the stock market, you have some control over getting sick/losing your job/kids/divorce, but you have total control over how much you save and how hard you try. If you save an extra $5000 this year it will likely be the equivalent of saving $10,000 in a decade. They try and give advice based on historical data because if they said save as much as you can as soon as you can, many people would give up before they even start.

[@otamanlvhs]

I'm currently saving about 80% of my income but it gets tiring.It just feels like I'm limiting myself while I'm young so I can live comfortably when I'm old.Youth is when you should live your life to the fullest and truly enjoy your life.Being old is crappy no matter how much money you have.I think people should focus more on making sure they're debt free instead of saving millions for retirement.

[@squireob]

Betty is making almost as much as the average American household. She's relatively wealthy, so she can afford to put aside 15% of her pre-tax income.

[@pawsnotclaws2772]

Tim O'Brien right?? I can’t put $675 a month in a retirement account

[@milkncookie]

It takes alot of disciple but it can be done even with lower income. Also tailor this protional to your current life circumstance. Making sure you pay off debts and down sizing first is probably the best way to having more savings.

[@rezmela3872]

Spot on, the amount of disconnect is amazing... and it happens every damn day.

[@christeee]

My parents retired early making less than the average household income. It can be done. Just have to be very aware where the money is going.

[@syedali-rs8cj]

I love P.B.S. produced Two Cents you all and Sci show are very informative.

[@priyankasrinivasan8345]

Your channel and content are wonderful! Can I just ask one general question - when you say $50k salary, I assume you mean after taxes? Are all examples in 'Run the numbers' net income after taxes? Thanks!

[@naimahabdullah-gulley4405]

I was already a fan, but the BTTF mention put me over the top. Keep up the great work guys.

[@jala5293]

Here is what you need to know if you want to replace your salary with the interest of your retirement savings and have nothing saved up for retirement: 40 years left: 5% of your salary compounded at 8% interest is what you need 30 years left: 10.5% of your salary compounded at 8% interest is what you need 20 years left: 25.5% of your salary compounded at 8% interest is what you need 10 years left: 80% of your salary compounded at 8% interest is what you need 8 years left: it is impossible, even saving literally 100% of your salary wouldn’t get you to retirement

[@iqra.jaaaan]

loveeee the channel! seriously one of my favs and so informative and useful! can you guys do a video on 401Ks (roth, traditional), how to know which one is better, or something along those lines? or maybe how we can expect the slowing economy to impact our day-to-day lives and what we can do to prepare, etc? thanks so much! forever a subscriber

[@TwoCentsPBS]

We're workin on it! Thanks so much for being part of the fam!!

[@RyaZila]

I like how Betty gets older her skirt becomes longer. #VeryClassy

[@lagflag]

5:35 By the time you know enough to tell if your advisor is giving you good advice you will know enough to do it yourself

[@kght222]

3:49 i'm 34 and i make about 1200 a month, thus my previous statement: "@ i'll never earn that much, if i hadn't posted this i might be able to steal that much. but i wouldn't anway. there is much more to consider than that base." not to mention, are you saying that someone like me is fucked? because i know that is bullshit. i own my house, i only have about 300 dollars of personal debt on a credit card in my name, and while i hope it is WAY in the future when my mother passes her life insurance will cover all her debts with a little bit for me. no morgage on the house btw. also, how many people actually make 50k or more a year, i can tell you right now that it is less than half of the people living in america.

[@milkncookie]

You know for the longest time I had the same mentality as you. I worked through a major chain retailer for 6years between 20yo and 26yo. I earned slightly above minimum wage which I probably took home around a little shy of $1200/month. During this time I was going to college on and off and ultimately never graduated, I ended up with about 20k of student loan. I was renting a room through one of my family so it was significantly reduced but When I turned 25, I said to myself, "this can't be all their is to life." I knew I had more potential! I took on a vocational degree in the health field, I was very blessed upon being certified and landed a job @ 26yo almost immediately, but that path was created through my own motivation and goal. I had a plan and I hustled to make sure I was a leading candidate, I gave myself a higher value than what I was told I am worth. I would not settle to being minimum wage any longer. Im 29yo now and earn around the same wage as betty but I still live like I'm working that minimum wage job. Just bought my first home last year. my savings rate is 54%. It can be done with discipline and grit. I don't mean to Disregard your comment as each person has their own life experiences but I can tell you are unsatisfied and determine to better your circumstance, I hope you can find the success you want. But in honesty you are very successful, I can not say I know too many 34yo's who owns their own home and has it paid off. Best to you and yours, brother.

[@maxonmendel5757]

Here's the scary thing, folks. If I put 10,000 dollars away ever year, that's about 980 dollars a month, after 40 years of working, I still wont even be halfway to 1million dollars.

[@dboucher26]

I’m one of the few millennials who’s months away from a lifetime pension.

[@Just-SomeGuy]

You two are amazing, thanks so much for your wonderfully helpful advice. Such a friendly, straightforward presentation too!

[@destroyer-tz2mk]

"Either of these options is better than doing nothing or counting on winning the lottery" Half the people have left the chat*

[@VideoChasca]

Hi! I gotta say, I LOVE ALL YOUR VIDEOS. I'm moving to the US soon in my early 20s, and you're helping me a lot to know how to adult there.

[@hyrunnisa997]

So I need to pay my student debt. Save for retirement. Save for my non existent kids college....so when do I buy a house in all of this? Oh. Probably never.

[@VannaMae]

This comment is the reality of most millennials today.

[@VannaMae]

Oh and dont forget about health insurance

[@PrecursorYang]

I'm a junior in college and I just started saving in my Roth IRA last year. I went to a community college, then transferred to a cheap state university. Didn't need to pull out a loan to go there. Why do I need to save for my kids' college fund? Having them pay for it themselves will teach them the value of money and the value of themselves. I'm did it. Why can't they?

[@earthlingsartist]

This is what I'm saying, I'm almost 30 and no one I know makes enough to do more than scrape by.

[@rafetizer]

Whatever you do, do it smart.

[@emilellenius]

For every video that you make I only become more grateful that I live in Sweden.

[@ДаниилРабинович-б9п]

i'm only 19 year old and already thinking about this.

[@theluckyone3212]

I'm still in high school and am already thinking about this

[@alexejnovak8693]

жиза...

[@jasonguerrero7545]

This is so true. Thank you for the great content you provide. Most Americans today do not know how to build good habits to save for retirement. As you mentioned compound interest, a good market, and time can help you tremendously for retirement and other luxuries along the way if used right. If your young this can help you even more, because you have more time to let your money grow. Thanks again for the content

[@vineeshaggarwal5112]

pregnancy glow and body is showing

[@hooligaan8489]

We've been blessed \(*-*)/

[@tomm8025]

Never saw this channel before. I felt like I was watching a show geared toward children.

[@therogueflieger]

Phillip doesn't look so bad with gray hair

[@nickc3657]

The coexistence of billionaires and homeless seniors in the same country is the most disgusting and depraved sight to behold.

[@HeritageWealthPlanning]

For the love of me, I don't understand why so many people fall for this stuff. Retirement planning is actually EASILY doable! How? first forget what AAPR says and certainly do NOT seek a "fiduciary financial planner" if that person manages money for a fee. AARP got their numbers by taking the $40k and dividing by 3.5%. Why 3.5%? Because that's the 4% rule, reduced a bit due to bond rates being so much lower than they were when the 4% rule was "founded", so to speak. What is wrong with this? easy. Assumes your spending will grow each and every year with inflation. Is there any, ANY validity to that claim? No. In fact the evidence is beginning to be overwhelming in the other direction, that your spending will DROP as you age. Secondly, what is the average actual expenditure for retirees? Well, if we look at the BLS numbers www.bls.gov/opub/btn/volume-5/spending-patterns-of-older-americans.htm we find less than $50k, and that's AVERAGE not median. Average distorts the numbers to the high end a bit. What's the biggest expense for the AVERAGE retiree??? Guess.... HOUSING! BY far. over 33% of a retirees expenses are consumed by housing. Actual health spending doesn't even come close. Lastly, if you made the MEDIAN income over the course of your career what would your Social Security benefit be at your Full Retirement Age? Well, median household income in today's dollars has been around 60k. which means your AIME is $5k a month. You can easily figure out your PIA (which is your actual Social Security benefit at your Full Retirement Age 66 or 67 depending on when you were born). The first $926 bend point pays 90%. THus $926 times. 90 = $833. Then next amount ($5000-926) times . 32% = $1303. Add $833 to $1303 equals $2136. That is your benefit at your full retirement age. If you're married and even if your spouse didnt' work he/she will get half of that amount at his/her FRA thus another $1068 So, between you two who had MEDIAN Household income your total Social Security benefit is $3206. Which is ALMOST that $40k a year AARP was talking about. Wait two years beyond your FRA and your SS benefit increases by 16% and then your benefit is now over $44k a year. NO TAXES EITHER! Nothing fancy here folks. Just basic math. Yet for some reason EVERYONE wants to scare the hell out of EVERYONE. I dont' get it.

[@SantaBarbaraAlberto]

Agree wholeheartedly with Josh here!!!

[@Excalibur2]

The goal should never be to just get by miserably. I know a lot more retired and elderly people who are basically sitting and waiting for death than I know people who are actually enjoying retirement. You're also assuming that we'll all work until 65 or later if they raise the age for social security.

[@seanbarnes9550]

You just earned yourself a subscriber for that comment.

[@YourMajesty143]

I barely make 20K a year, and I'm living paycheck to paycheck. How does this reassurance apply to me, who can only dream to make 60K? What about the fact that SSI solvency issues can only promise 74% of scheduled benefits? Or that Medicare may also exhaust its reserves. I'm also concerned about housing, the costs for it continue to grow. There's no getting around this, it's been growing for over a century. I just don't think we can look at averages because majority of our wealth is concentrated in the top 10%. Does the average reflect only the 90% or the whole? There's alot of nuance missing here. It's not about scaring people, it's about favoring realism over optimism. Those who have the luxury of being optimistic do so bc they have a blindspot for the millions of people, who like me, are barely scraping by. Not everyone is so privileged.

[@kennethwers]

@@YourMajesty143 Make yourself worth more to a employer. Trade school? What are you waiting for? Only you can improve your situation.

[@leotimtom6637]

You forgot ever increasing property taxes averaging 4000 dollars on a 200K house. Which will take out a huge slice of your imagined monthly pension. You forgot medical bills, even with insurance it will cost you a leg and arm. You forgot inflation, in 30 years everything will be so much more expensive, that your calculations by today`s prices won`t cut it in 30 years. Remember , your children will have nowhere to live because house prices have become ridiculous. Also you will need to help your children with out of control college tuition fees. You also forgot divorce, your wife will most likely divorce you and take your house, kids, and leave you with alimony and many other exorbitant fees. Good luck if you need to go to court and hire a lawyer. Land of the fee, home of the brave.

[@astro7238]

Sad, I see the elderly working at Walmart. They still work until their 80’s.

[@paulsaragosa371]

Welcome back Carter show

[@ExoTheEmo]

Im only 14 but i cant wait for retirement so i can finally stop using most of the hours a day doing something im supposed to do and just live life

[@wolfyklip]

Tell me that in 60-80 years.....

[@ExoTheEmo]

@@wolfyklip okay man today marks the day, i shall tell you that in 60 years

[@ExoTheEmo]

@@wolfyklip now we wait

[@debbieframpton3857]

I quit working at 65 after working my job 20 years no work pension just Social Security but I managed to save a decent 401k and Roth IRA mortgage paid for no debt I also have over a Year's liquid saving. Most of my life I have bought my clothing at Goodwill thrift stores or garage sales rarely ever bought new I shop my grocery stores mark down meat section and regular markdown aisles. I hate to pay full price for anything but I did buy a new refrigerator last October new living room furniture 3 years ago new furnace and central air 4 years ago and put a new roof on my house 8 years ago all by paying cash. I am still able to set aside $200 every month from my social security check my treat to myself is dining out two or three times a week with friends.

[@DallasMay]

"... The keys to your retirement are three things you have absolutely no control over."

[@moderndilettante6896]

Like most things in life, It's not about control it's about strategy. you don't have control over whether you will get cancer or not but you can eat healthily and exercise and minimize that risk. You don't have control over whether you will be in a car accident but you can drive safely and buy good safe cars to minimize that risk. The same philosophy applies to saving and investing, nothing in life is guaranteed but how you manage the unexpected is what separates the smart from the dumb!

[@BenDurham]

You guys are such a pleasure to watch in every video ❤

[@Georgije2]

The more i watch your show, the more unpleasant things i learn about the USA. Last time i learned you people need to pay to give birth, and now that you can't retire without thinking about savings. It's one very weird country.

[@amdphenomII]

Hey sorry stupid question from Europe - for some average joe worker - don't you have some compulsory state-run pension system? What happens in the US if you save absolutely nothing for yourself? Do all elderly end up in homelessness if they weren't able/willing to save?

[@swissladydriver8980]

Yes, and it's called Social Security. It's comparable to AHV in Switzerland or Deutsche Rentenversicherung in Germany. And, similar to those Systems, the payments won't be enough for a typical retiree to live comfortably. Other plans are needed to fill in the gaps. The 401 K is like 2. Säule (Pensionskasse) in Switzerland and Roth is simliar to Riester in Germany or 3.Säule in Switzerland.

[@finneganvanderkam1886]

Awesome Black Mirror Reference at the start :)

[@squireob]

4:55 is a huge assumption, not broadly borne out by experience. Betty may get cancer and be let go for taking time off to be ill, get laid off for an extended period (remember the Great Recession), or her entire sector of the economy could shrink.

[@johnschroeder7845]

Betty could get murdered , Lose her good paying job. Go to jail for driving drunk and killing someone.

[@happysamoan97]

I'm so blessed I started saving at 21

[@wsue1038]

Praise the Lord! \○/ \○/

[@you2tooyou2too]

I was lucky and inherited my father's fiduciary advisor. I know several people duped into Life Insurance Annuities. I am sick with sorrow for them! One of them lost more than 3/4 of her retirement value, even though her statements showed an average 2% APR "gain'. 5:40; You should talk more about the importance & key ways of ensuring that your financial advisor is a bonefide fiduciary! And how to ensure that they are not lying about "working for their client" and not for their own commissions or corporate stakeholders!!! Most bank & large corporate financial "advisors" are NOT fiduciaries despite their evasive verbal claims. Also: @ 1:27, $1.2M is only going to last for 30 years at $40k/year IF your investment makes more than inflation! Her annuity stopped growing at all when she started her supposed 30 years of annuities, and started 22 years of fees & inflation losses only. If your 'investment advisor' is not your fiduciary, it almost certainly will NOT last 30 years, despite 'transfer bonuses' and advertised historical returns, because of 'tiny' fees & hidden burdens!

[@randomvideosn0where]

That is disgusting, right up there with timeshares and lawyers who sue on behalf of injured criminals.

[@dac997]

I guess i ma put 2 cent every week before retiring

[@markvelasco31]

This channel is awesome! Congratulations on over 150K subs! We need more practical financial lessons like these and just wish I knew them back when I was younger.

[@ChrisComstock612]

Time machine becoming public in 2028. Says my time traveling friends

[@TangoElvis]

I love your channel! It's not just informative but you guys make it so much fun. Please do more on retirement. There is a lot to cover (Medicare, SS, IRA, 401(k), Pension) and I'm most particularly interested in when to withdraw and in which order. Thank you and happy 2021!

[@luciehollick2446]

It is a very small percentage of people who earn 50k+ a year. So you are basically saying that most people are doomed to live their old years in poverty. If that is not an argument against the status quo I don't know what is.

[@DanielDTUBWeinberger]

my base pay is $1930 monthly and with 401(k) (not including other investments like IRAs) I get about half a million by minimum retirement age with 5% contribution + 5% match. I could contribute more as well as I still have other investments. this is at a 7% estimated annual average rate.

[@G1ennbeckismyher0]

Wrong! According to the Bureau of labor statistics, if you are over 25 and have a college degree, the median individual income is over 60k a year. That is far from a small percentage of people. Source - www.bls.gov/news.release/pdf/wkyeng.pdf

[@G1ennbeckismyher0]

@@shay10us if that statement is true then okay that's not a small percentage of people that's more than one-third of people

[@G1ennbeckismyher0]

@@shay10us I provided my source showing individual incomes and the corresponding rise in income once a degree is obtained. Its from the Bureau of Labor.

[@G1ennbeckismyher0]

@@shay10us ...is this conversation not over?

[@AlamoWealth]

Don't forget there are much better mediums for increasing your bottom line wealth then blindly trusting the stock market Instead most experts tell you not to diversify but two become more financially educated to control your own Investments the safer bet multifamily real estate not REITs but actual Equity or preferred stake historically growing between 8 and 15% depending on deep value or cash flow Investments

[@AlamoWealth]

@Karen Kerry I would do it or I would feature them either way

[@YourMajesty143]

You wrote one long sentence, no commas or periods. If you hope to be a good communicator, you need to learn how to communicate. I'm not sure I understood some of what you said

[@AlamoWealth]

​@@YourMajesty143 You may be right, thank you for correcting my grammar. However, I dont think there has been one instance where by bad grammar has hindered my money making capacity in any way. I thank you for the attempt, and if you are looking for work youll find a lot correcting all of my mistakes ;)

[@pedrozatravel]

The problem with the 401K (I have a 457K which is kind of the same thing) is the trustees that manage them are constantly shuffling the available funds. I have seen my exchange funds switched over many times. Plus many of the funds in the 401K often have high fees. I have since switched over to a ROTHIRA and find that if I just put it in a straight SP500 fund like SPY or SPHD I get a better return. I don't get the advantage of pretax dollars but with a ROTHIRA you get a mega bonus of no taxes on returns when you retire. So now I fund my ROTHIRA first and then if I have extra money I put it into the 401K account to further reduce tax liability.

[@tubbehht9236]

I think lots of 401ks can be self managed and you choose the investments they invest in. I have a roth 401k that just invests everything into FXAIX.

[@x2x3456]

Brilliant video as always guys, I am 21 years old and videos like these are what motivated me to start investing/saving now!. The only thing I would say is that 7.5% on a 'balanced portfolio' is ridiculously optimistic in. The sp500 has returned much less over the past 20 years (roughly 6 - 7%), and that 10% growth rate happened in the time when america was in the process of becoming the power house it is today - that growth cannot be expected for a mature economy. Furthermore, a 'balanced portfolio' would most likely include some bond and cash savings (in an attempt to reduce risk) which would further pull the CAGR down. Moreover, in today's global economy it would probably be smart to invest in different markets too (i.e UK, asia etc) who typically have a lower return rate than the SP500 - further pulling it down. I suggest a growth rate of around 3.5 - 5.5% is much more sensible and conservative. Investing $600 a month at a 4.5% growth rate would still net you 800k after 40 years so it's still not too bad :D

[@ozzy032]

Starting at 21 will virtually guarantee you to be wealthy if you stick with it! Teachers can retire with a million or more for a comfortable retirement with the power of time, compound interest, having a plan, and the discipline to stick with it. And they aren't known for earning the 'making it rain' money! Yes, the SP500 over the last 20 years has had a lower than typical annualized rate of return (5.627% for 20 yr period ending Dec 2018) , but that's because it starts at near the top of the dotcom run up before the bust. It also includes the 02/03 recession and the recession in 08/09. Add in the boom from the previous 5 years from 1994 to 1999, and that ARR goes to 9.085%. For the 40 years ending Dec 2018 it is 11.423%!! Data is from here: dqydj.com/sp-500-return-calculator/ What really matters is that you save starting now and every month for the next 40 years. If you project 4.5% and it actually ends up being 8%, well you'll just have too much money then....bummer.

[@x2x3456]

@@ozzy032 Very true! I try to explain this to my peers but not many seem to get it. More easy to understand content *just like this* would help tremendously to help young people realise the importance of investing. Whilst the dot-com boom and 2008 crash are indeed factored into the calculation, we also have the incredible bull market from 2008 onwards. Likewise if we start from 2004 ( after dot-com bubble) it's still around 7 percent (sorry using my own spreadsheet for data here). Furthermore much of the lost gains from were regained back 2009 so it wasn't like it has slowly crept back up Overall, however, it's not about dates or recessions. I simply think You can't compare the growth rate of a growing America to a mature america. Frankly if the SP500 kept growing at a rate of 10 percent annually I would as that is not sustainable. Things in nature tend to growth logarithmically and taper off over time. You also have to factor in that they said a balanced portfolio. A few shares in sp500 is not very balanced in my opinion. That's my just my 2 cents ;). Let's hope you're right though, an 8 percent growth rate would make me retire at 50 haha

[@jirafstudio]

Even if you can’t save 15% of your salary, please start saving something. For example, you can save 1% of your salary and increase it by 1% each year. Start early, and don’t touch that money. Take it from a baby boomer who did everything wrong.

[@MyplayLists4Y2Y]

Wrong! Wrong! Wrong! First off, not many 30 year olds are making $50,000 a year! Second, 50K a year -taxes, -%15 savings, -healthcare, -mortgage, -college tuition for you and any kids, etc... is either impossible or to live like a pauper. Third, wages and salaries have been essentially flat for 40 years not even keeping up with inflation.

[@Aaron-ir4he]

Source for wages not keeping with inflation?

[@aygwm]

I’m 29 and making about $50k and I know a lot of folks my age making more. Eliminating debt and keeping expenses down, you can do it.

[@midnightfox653]

I agree. Most of my friends don't make that much. I have two friends over 50k and the rest of us are in the 20k-30k range. I'm 28 and not making much. My only wish is for a new job that pays more. Cause even if I only make 35k that is a lot more than I make now.

[@weareorigin]

In Ohio, USA, the average is $35,000 salary per year. The top 1% is pulling that number up. Some Ohio people make $15k to $25 per year. (Count how many gas stations, fast food, grocery employees, part-time workers, PCA in hospitals, etc. They aren't making $35k a year)

[@lelandgaunt9985]

So is that a bad salary at 40?

[@Enjoynams123]

Congratulations to both of you for your upcoming good news.. take care..

[@TimothyWNugent]

Something you forgot to add into this video is inflation. There is an average inflation rate of 3.5% per year. That means that every 20 years the cost of everything doubles. That means that 40 years from now, you will not need $50k to live the way you do now, you will need $200k a year. That $1 million is in todays numbers, not 40 years from now or longer.

[@Oftenigmatic]

No actually 100 dollars in 2000 is 166 dollars today just Google it

[@BriefNerdOriginal]

Very nice and informative, but how is it that the basic issue is not mentioned? Don't know much about USA, but here in old Europe nations continue to pay for your retirement until you die. This is of course if you've paid your taxes while in activity. But social security measures exist for the unlucky that didn't have a decent job. Not that it's easy for anyone, but at least it seems more human.

[@fireflocs]

Tell me how to get that 50k/yr job in the first place.

[@idlevalley]

Wish upon a star.

[@abdualaamad610]

thank you guys so much for making these videos im 20 years old and this gives me such a relization to what i will have to do to be financially stable and indeoendet thank you for teaching thousends the right way

[@empemitheos]

That mustache looks like it's been compounding for a long time

[@Pje3ski]

Excellent video, I hate all of the doom and gloom about retirement I see out there. Start young, be consistent, index funds are an excellent choice. And don’t forget about social security, it seemed to be left out of this video.

[@wolfpackflt670]

Sure, don't forget about Social Security just don't count on it.

[@nonamenewah5837]

So how about a more realistic scenario for many millennials only making 20,000 a year where putting money away is nearly impossible, perhaps only 20 dollars a month? Job prospects are slim, moving is impossible because of financial burdens and housing costs, student debt, insurance, and medical bills? Is retirement even POSSIBLE? I work to eat so I can work another day, repeat until I commit suicide another day.

[@goldfishcrayon]

It's hard to find a new job when you're stuck working to live and living to work, but you are worth more. If anything try to take an hour or two a week to try to find something better. Good luck!

[@VannaMae]

This is true though.

[@josephd.4615]

What do you eat tho?

[@mikeg9b]

I don't know anything about you, but if you're 35 or younger and in decent shape, the military might be a good option. Housing will be free. Medical care will be free. Food will be free. The GI Bill will provide a free 4-year college education when you get out. Life will be simple with fewer expenses allowing you to start saving money. You don't need to be the "military type" to be in the military (although it probably helps). I retired from the Army after 20 years in 2016. Whatever you do, I wish you the best.

[@swissladydriver8980]

I'll be honest with you - your attitude is terrible. I would suggest to you to figure out what you really want, write it down and then take some steps to achieve those things. You're complaining About earning 20K annually, but how much do you want to earn? 50K, 100K, 2000K? Figure it out and then make any changes necessary to achieve it. It wouln't do any good for these people to make a video like what you suggested, because you will still be miserable.