4 Signs You Are Above Average SCARY Money Stats (Even If It Doesn’t Feel Like It)

[@KennedyVerbruggen]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@brantheeskimo]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@NorthCarolinaForward]

Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@type-r3x]

That does make a lot of sense; you appear to understand the market better than we do. This coach is who?

[@NorthCarolinaForward]

Actually its a Lady. Yes my go to person is a ‘Rebecca Nassar Dunne'. So easy and compassionate Lady. You should take a look at her work.

[@samuelrandy-k8x]

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.

[@iuordanmatkov261]

just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[@Martin-og9zg]

Vanguard is saying the S&P 500 will be performing much worse that the historical average.... Down in 4% (IIRC) vs the historical average of 8%.

[@blakecpa]

Recovery? The stock market is on fire. Just look at a DJIA chart.

[@danklein8587]

I am the wealthy guy that drives a 12 year old Camry and loves to look poor. It keeps the Gold Diggers away -:)

[@Lemarchelesa]

Agree w your choice of car. Love Camrys, and Toyota in general.

[@enriquesanchez2001]

ABSOLUTELY ♥

[@donaldprince7853]

@@enriquesanchez2001 real way to live. people think they need fancy, it is only transportation from A to B I drive a 13 year old car and have a 26 year old pickup. I do spend for my wife a little though she hauls the kiddo and grand kids around so i make sure they are good. I keep my cars until they just plain stop running or the wheels fall off. age 51 and need all the savings and investments i can so i dont have to work until death. fulltime at least. LOL

[@johnqlunchbucket]

Me too! 👍

[@KwokLeung-q6u]

I drives a 20 years old Camry and wealthy, but lives fugally and happy

[@jimwest1967]

rich people stay rich by pretending to be poor, poor people stay poor by pretending to be rich'

[@Shutityou]

I like that. I live in a fantastic house and continue to invest in it by working in it, BUT my vehicles are modest and usually 8 years old when I buy them. I buy them for economy and reliability.

[@rickyroan4651]

10 điểm 10 points

[@dbanka471]

You win- this is a terrific comment!

[@TRINZINI]

Wise words. (How come I've never heard that one before ?)

[@BHJ7115]

Well said

[@Donnald.]

I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good stock suggestions?

[@MiddleclassAmerican-7220]

With $8k, I'd suggest a mix of index funds and a few individual stocks. Diversify and watch currency rates by converting in s

[@icewa-fg]

DYI never ever shows you where the market is going. That's why you DCA in quality stocks on dips and invest for the long term. Most importantly consider financial advisory for informed buying and selling decisions.

[@dannielleemarie]

Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)

[@Trancredi-nx1]

pls how can I reach this expert, I need someone to help me manage my portfolio.

[@dannielleemarie]

I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.

[@gillesthibault367]

Forgot to mention TRUE wealth is your physical health

[@ronaldross6950]

That is very good, but truth wealth is your walk with GOD.

[@stevenweiss2148]

The "poverty' in Jupiter Florida is apparent

[@mcohan6854]

Why Jupiter FL?

[@anitaostrander4301]

Speaking from experience , you need wealth to take care of your physical health…there was a time when I did nit have enough to see a doctor and when I could finally afford proper care, it took me two years to get my health back

[@quengmingmeow]

Amen, brother! Stay as healthy as possible so you avoid the healthcare system nightmare as much as possible.

[@ronaldfauver1469]

I find a nice dependable car that I can pay cash for...then I drive it until the wheels fly off!!! Car payments will drain you.

[@tacotom3492]

It feels great my friend .. rolling in the 2013 Maxima with 0 car payment to a pretty good job isn't sad ❤

[@stevesmith3556]

Yep. Even if you pay the maintenance on an older car to keep it up, there's no nagging monthly payment. I have two 180k mile cars, and they work fine. Point A- point B😊 most cars last 300k+ if you keep up regular maintenance. I'll still probably be driving them 15 yrs from now.

[@martygavin7679]

I plan to chauffeur each of my kids to their respective weddings in my used 2016 Honda Odyssey (which I’ve held the note since 2018). I doubt they will accept, but the offer still stands.

[@dougbodenhamer9391]

Same here.

[@sterlingcampbell2116]

Cars payments, gas, insurance, mechanical costs

[@stanleycostello9610]

My Grandma always said, "Eat it up, wear it out, make it do, or do without." She lived through the Great Depression and World War II. Sane advice.

[@RepublicanClooney]

Respects! Our Grandmother always said, may not apply, but maybe, "If we don't see it, we don't have it, and you don't need it" she came from FINLAND in the early 1900's to Northern Michigan!

[@Ira06002]

I know a guy: 1. who lives in jeans 7 days a week 2. Never owned cable TV 3. Always brought his lunch to work 4. Never bought a new car 5. Worked 2 jobs 6. Took a vacation once a year 7. Mowed his own lawn 8. Cleaned his own house I’m that guy at 62 and very happy in my life.

[@jimsteinway695]

I know a guy who had no money for education joined the military, used that for the GI bill, got his engineering degree. Married his college sweetheart. Worked on jet aircraft Bought all kinds of new cars including Porsche. Ate at good restaurants. Went on nice vacations. Mowed his lawn had 2 cool kids Retired at 51 Living well in the Pacific Northwest With tons of savings And I’m pretty damn happy

[@martywilliard]

@@jimsteinway695 JUST EXCELLENT !! Student debt - car notes and heavy consumer debt CREATES economic slavery. Bravo to you for not embracing the madness

[@tacotom3492]

​@@jimsteinway695tell us more about yourself ... "Cool kids" 😂😂😂😂 🙄☠️

[@georgiafrancis9059]

@@jimsteinway695 Sounds like you got a book in you, Jim Steinway. I'll be looking for it on Amazon. Your name says, "There's a best selling author." You name is very marketable.

[@belinda8044]

I know a girl who has never been to a hairdresser \ never had her nails done \ buy clothes on ebay \ mows and weeds her own yard \ sold the car and enjoys long walks and public transport \ brings lunch to work every day \ stopped contributing to work lotto \ pay bills the same day of receiving \ does not drink coffee \ deposits 98%of her wages into an online savings account and\or retirement investments \ crochet rather than scroll mindlessly on a phone \ never ever visits any social media \ donate bags and bags of clothes n boots if not worn in a year \ zero subscriptions as she has Plex media servers \ - that girl is now 60 and very happy

[@mrboom4570]

Retired at 61. Zero debt. Over 1M invested in stocks. I drive a 2000 minivan and a 2018 pickup. The secret is to live below your means and be happy with family and life and not stuff you buy.

[@tengri23]

This is it. Everyone has a threshold in their head, the amount which would help them retire. Truth is all you need is a decently sized emergency fund so that you don't have to worry about Healthcare, and 1 house so that you don't pay rent. Other than that, basic amenities is all you need.

[@DAMON409]

Nobody cares

[@tengri23]

@user-nt4nb4cn1j Looks like it does bother you. You seem to care. Insecurity is a b**ch! Jealous much? 🤣🤣

[@TheTungdil2]

Yeah well my grandmas grandma retired at 3.

[@nicolasgirard2808]

Yeah but you also need most people to waste their money on consumer goods so that your stocks perform well

[@josephalmond3759]

Retired at 94. Enjoying wheelchair racing on weekends. Still have four natural teeth.

[@zzbudzz]

Lmao 🤣😂🤣

[@dyates6380]

LOL. Love it. Hahahaha.

[@davidbrooks8809]

Smh😂

[@alexisleon23]

Mate you should retire earlier

[@triodekt66]

I am a youngster next to you, but due to an ankle problem, I am stuck in an ankle brace. I have my own electric scooter now, and still enjoy racing the empty wait lines at Disney in the evenings. And yes, my car and scooter are both paid for L0L

[@hollyb2039]

Mom at 16. Graduated as an RN at 21. Bought first house at 23. I was raised poor and on a mission not to stay poor. I have always put in 21% of my paycheck toward my 403b, since age 24, maxing out my allowable contributions by October due to overtime. I have bought, lived in, and turned 2 homes in nice neighborhoods into rentals. I made double house payment for years. I just turned 50. Set to retire in 1-2 years, on my own income (single). I just bought a trailer to live on my kids’ property a week or two/month in San Diego. I work part time now. Grateful all this hard work is paying off so I can focus on what I love, traveling and being a hands-on grandma. I have always lived frugally in my daily life (make my own coffee, never order drinks in restaurants, rarely go out, buy used cars for cash, never had credit card debt, but always splurged for regular vacations, 3-5x/year.

[@joeypolashenski2655]

Wow we don't care

[@BB-nn1tu]

@@joeypolashenski2655 Yes, we do care. It's inspiration.

[@joannaa.5101]

Your an inspiration.

[@scottmartin4954]

own my own bicycle outright, have a tiny house, looking for a good man?😉

[@joeypolashenski2655]

@@scottmartin4954 how desperate can you possibly be?

[@hans-georgd.1095]

The first few minutes remind me of the old saying: “New money screams, old money whispers”. It really is better to whisper…

[@solidsnake7167]

Yes I get it and nothing against the principle of what you're saying but theres so many people in these comments preaching about their frugal lifestyle to the point where its mind numbingly condescending and preachy. If someone prefers to ride a bike every day and bring a bagged lunch then fine but heres the ultimate thing - its all relative. Someone that earns 200k per yr individually in florida for example can afford nice things, enjoy the finer things while still saving. It's a bit different than someone making 65k their whole life. And while someone can preach on and on about never taking vacations or enjoying anything awesome in the spirit of having exta money when theyre 70 then well...sounds like a crap life to me. Making more money solves everything.

[@drumyogi9281]

That is the dumbest shit I’ve ever heard.

[@MikeLikesChannel]

Living like a college student until you’re 60 sounds like hell.

[@stevesworld620]

25 years ago a colleague chuckled i was living like a college kid. said I wasnt living... i retired a few years ago, early 50s, a multimillionaire... he's still working and he turns 70 this year... who's living?

[@big6316]

It is but never being able to stop being a wage slave to people who don't have your best interest in mind and are dumber than you is worse.

[@Me97202]

Not necessarily like “a college student.“ Living responsibly, and within your means, but still having fun.

[@curiouspenguin6887]

Most college students are getting deeply in debt. How is being debt free living like a college student? 🤔

[@spazzman90]

Not living like a college student. Just living within your means. Way too many folks out there spending hundreds every month just on interest on crap they didn't really need. Also, if you're in your early 30s, just investing 5% will produce life changing numbers in 30 years.

[@marlinpanther5613]

I read the book "The Richest Man In Babylon" by George S. Clason in 1972. The book came out in the 1920s. It is still available today. It is the best financial management book I've ever read. I followed its advice and became financially independent when I turned 55. I am now 82 and still financially independent. I liked your video. Thanks.

[@massagegarage9261]

10% of what you earn is yours to keep forever.

[@LarryDickman1]

I read that book right after I read 'The Millionaire Nextdoor' by Thomas S. Stanley.

[@kittydaddy2023]

I was below average before I watched this video, and now I'm above average. Thanks.

[@randallhoover210]

Love that comment!

[@kittydaddy2023]

@@randallhoover210 I just found out women don't think 100k/yr counts as "six figure income". We lose again!

[@livelovelearn360]

​@@kittydaddy2023😂😂😂

[@livelovelearn360]

If 100k ain't 6 figure I don't know what is then lol

[@MicheleOngaro]

@@livelovelearn360 they probably only see 0s as figures..

[@kevinl6231]

Buying a house and renting it out? No thanks. Landlord headaches. Trust me.

[@wongman2001]

No if you have tolerating tenants & a DIY guy. My 2 family house in NY paying for my current mortgage

[@danielgant2214]

Totally depends on the tenants, I’ve had the same couple for at least 6-7 years, pay on time every month, keep the house looking great and fix most things that come up, they treat the house like they own it. But I’ve heard horror stories about bad tenant ,

[@mikebarrett8681]

Finding the right tenant, first priority!

[@timheck3004]

There are more tools now to figure out if someone has been evicted, what is their credit report? How many addresses do they have. If they have an address the last5-7 year and they don’t list it on the application… BIG RED FLAG! Get 2-3 landlord references. Being a good landlord and getting good tenants is a skill you can learn. Do you think every landlord had bad tenants? It’s a skill just like sticking to a budget. Sorry stocks don’t pay $20,000 in dividends but real estate can in one year.

[@Judy-le2xz]

Thanks so much Jerry! I've been very hard on myself, I'm a late bloomer, however, I'm making good strides. I'm now out of pay check, to paycheck. I've built up, through savings, solid financial security. I have a ways to go and I'm starting my own business.🙏🎉🎉👍🙌

[@JamieTownson]

The journey isn't an easy one ..but we just need to forge ahead.I didn't become financially independent until my late 40s....after the financial choas caused by covid i was a wreck but Thank God for making me see through with my financial investment plans that helped me in acquiring my 2nd house now and aside from that i still see monthly income ...truly investments are key to financial freedom, no matter your age you just need to take that important step.

[@SincClear]

Wow, interesting indeed! Currently I'm in need of investment ideas or tips. Earlier this year I hesitated and failed to take any action until now. However, I'm determined to try something new as I am very open to various investment ideas . I want to be retired in my forties or fifties. I really wish I can achieve what you have achieved and I believe it will happen

[@JamieTownson]

It's essential to comprehend the complexities of investing. Having a trustworthy support system, such as a financial adviser, who can advise you is crucial, especially when choosing assets.

[@SincClear]

Thanks for the advice but it's hard to get a trustworthy financial professional around here. See what you have accomplished I would like to know your specialist.

[@JamieTownson]

I operate with (Alex martin tarlor) an investment specialist who partners with a licensed wealth management firm.

[@JamieTownson]

You can do a search of him on net and reach out directly to him for more info

[@ValsVersion]

Late life divorce destroys finances

[@HorseWaterDrink]

Every new pickup truck I see on the road. I can't belive" how" they are paying 60 to 100k. Wtf

[@qstudiomusicandproductions2695]

If you're a Dave Ramsey fan you've heard some of this already but Jerry your demeanor and delivery are much less confrontational and hard nosed and therefore I think more people will listen. Even though I agree with Dave on most things and his solutions many people are turned off by zealots. Summary- great job / video!

[@Echo30Mike]

the bank of dave?

[@AUTISTICLYCAN]

Strict use of your metrics suggest I'm NOT doing well but I beg to differ. I have a 401K with $500K invested and doing well. I never touch it. Between Social Security and Pension I live on $75K per year. I am completely debt free. I have no dependents to pull me down. No car. Due to disabilities I can't drive. I own my home in a walkable community. Yes, I live in a luxury area in an expensive state. I easily pay all expenses with $2,000 left each month to save and or enjoy. You say invest in real estate. I'm autistic and don't want the hassle of dealing with renters and management companies. I'm retired, housing secure & debt free. I can save regularly and still enjoy care free retired life! I'm above average in my own way bud!

[@covercalls88]

Being retired my income is basically SS, a couple of IRAs, about 5 months emergancy fund, and a stock market account. My saving grace is my house and car is paid for.

[@biankabrodeur01]

Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?

[@jameschaves5723]

I’ve been in the nursing profession for over 25 years. From day one I used dollar cost averaging to maximize my 401(k) and IRA. I always brewed my own coffee and packed my own lunch ultimately saving thousands upon thousands of dollars. Today I’m 52 years of age with $1.6 million in net worth Looking forward to early retirement.

[@YanilleCastillo]

Well done .🙏❤️👍👏

[@JerryPinkas]

Cheers to your success. Thank you so much for sharing your story with others here on this channel. And thank you for watching. I’ll see you in the next video.

[@geod3589]

I drove my beat up 1981 Mustang for years while my co-workers bought new Trucks, cars, etc every 2-3 years. At 277K miles, I rebuild the engine and put in a new clutch and drove it about 9 more years. . I put the maximum into my retirement acct. at work each payday. I did not buy a new cellphone every 6 months. I lived in a modest house. Retired at 62 with just over $1 million net worth. All on a salary under $60K People need to live a frugal life, not be seduced by the glitter out there.

[@nyredneck63]

Cheers 🍻. I love hearing that. Would you count the equity you have in your home as net worth?

[@YanilleCastillo]

@@geod3589 that’s true wealth I’m so proud of you I had such bad Habits doing everything u just wrote tilll about 2019 before pandemic my eyes got open paid 55k in credit card debt off I have one car loan about 10k left and student loan of 47 then my mortgage . I know if I get focused again if I was able to pay off. The credit cards and cut them and l never use them again and stay focused I can pay off car keep it for years and then student loan then mortgage and investing i I currently invest 2 k a month I’m a registered nurse . Make about 120 k a year in miami Florida. Would u just lower contributing to what employer matches which was 1% but got email just a month ago it’s going up to 3 % and throw that 2 k off to car loan and student loan . I had to get a Malibu 2023 because my paid off car my son was hit by a drunk driver and he left the scene . Thanks in advance for your wisdom . Made so many mistakes in my 30’s now I’m cleaning up the mess . In my 40’s I wish I would of found this wisdom earlier in life 🤦‍♀️🙈🙏🙏🙏

[@jimwolfe4286]

Thank you very much, Jerry !.....EGO, this little 3 letter word is the Reason most people are in Debt and live a Miserable life with a lot of Things they don't need !...Satisfy your Needs, have very Few Wants ; that is the Secret of Contentment...and Contentment is the Secret of LIFE !!.....Enjoy the Show , that others provide.....and be Happy for them and yourself . ....You always make me think, Jerry...THANK YOU.....Take care..

[@kayakcaster1073]

Nailed it! It's all about "wants & needs"

[@MrPrimoPR]

People/ couples sometimes don’t realize that love and happiness jump out the back window when poverty and debt como knocking at the front door.

[@wongman2001]

Retired at 53 before COVID with 3 grown kids. Bought a $96k house in Queens NY and our rental income pays the mortgage. No other debts, never had a new car. Drives a ‘12 Prius & Seinna now (did had my fling with 3 German cars in succession once). Sitting on a $3.5M portfolio & slowly withdrawing for normal expenses . Been living below my means & happy. Yet deeeep down, I wanted a Miata😁

[@maryellenrittel7778]

Me too!

[@Me97202]

Lived *below* my means my entire working life. Saved money every month. Never ever used credit cards. Retired at age 60.

[@78Terp]

I'm retired with a pension and SS as my income. I also have a large physical gold and silver horde and a fat 401k.

[@ColtonJohnsonBrice09]

cash and metals? Saweeeeeet!!!!

[@rangerdoc1029]

True wealth is living within your means & having time to do the things you enjoy when you want to.

[@docrw]

TRUTH!!!

[@rokyericksonroks]

I’ll buy that.

[@johnroebling9329]

Money doesn’t buy happiness, it buys opportunity and the opportunities we pursue reflect our character. Poor people don’t have opportunities so they only have existence…

[@fredmiller6305]

Agree, I always thought Money buys Time. Time to look for the opportunities and avoid debt.

[@Jezza_C_WT]

As a newbie to the world of financial literacy, I found this video VERY insightful. Thank you. 🙏

[@vanatic22]

If you love what you have, you have everything you need. Simple lesson here is to figure out what's really important in life for you. Strive for that, be happy with that and you will feel free! Too many people either try to outdo the neighbors or are just never satisfied with what they have, no matter what they have. That's a very sad place to be.

[@OroborusFMA]

The average millionaire has seven different streams of income. I can vouch for this. My 9-5 job is very average salary-wise. Good benefits, but the salary is nothing special. Over the years I have begun teaching online courses with three different schools, make royalty income from a home business that releases about one new product a year (all profitable), making great interest thanks to today's interest rates, and just started investing in dividend stocks. After renting my whole life I bought a condo in 2011, paid it off in 2019, and also own my car which was new in 2019 and has just 14k miles on it. Zero debt. Once expenses are covered I can save, save, save.

[@Liimpy]

Sounds you're doing better than you deserve.. ?.. nice

[@Idontwantahandleiresentthis]

The average millionaire got there from investing for 20+ years You were misinformed

[@roymccloure7391]

I only have four streams of income and I am not a millionaire... No debt

[@motokev2727]

I started working at age 14 as a dish washer. I wanted to retire at age 15.

[@johnwhodat8135]

You need to wash a lots of dishes.😂

[@ralphholiman7401]

When I retired at 52, people kept asking me, "Why are you retiring so early?" and my answer was the same, "I would have retired at 18 if I could have afforded to."

[@daveb2280]

@motokev2727 My first job was a dishwasher when I was 15 in 1985 (I was earning $3.75 an hour and thought I was rich!!). My hard work and investing made it possible to retire at 47. People who learn the value of hard work early in their life almost always do better in life. It's why we have a generation in their 30's that never learned that lesson and are struggling while living in mommy and daddy's basement.

[@tintin66666]

😂😂😂

[@Liimpy]

​@daveb2280 I started washing dishes at 17.. now at 44 I own my small business, paying myself 100k/yr.. on a 5 yr plan to pay off my home and 401k + multiple 6 figures in savings... the key to all of this,is never being without a job.. I never even graduated high school, dropped out to work and raise my son who came unexpectedly when I was 17.. he's now working in my small business and building his life.. 🙏

[@urmailman]

Success to me is being able to provide for my family in terms of food and housing. The ferrari dream left in my 20s. I dont care about those things anymore. I want stability and maybe just a VERY comfortable bed lol

[@JerryPinkas]

Thanks for watching and commenting

[@olgathedog1]

Psalm 49:17 “For when he dies he shall carry nothing away; His glory shall not descend after him.”

[@TheRedDevil_NC]

if you dont get married you eliminate most financial problems

[@dbs555]

I was doing ok until the ex-wife cleaned me out and I had eight years of alimony to pay. Now I can look forward to working in "retirement". Any of you younger men thinking about marriage, think again.

[@FreeAgent797]

So I'm guessing you wouldn't reccomend marriage to young men.

[@rokyericksonroks]

Thnx for posting. Being single is a fast growing demographic cohort.

[@GoofballFlyer]

Coming out of a divorce 23 years ago I had no home and about $750k in financial assets, but zero debt. Then a year later I lost my $200k/year a year job to a downsizing, but received a $250k payout and a pension. So, I went into business for myself, remarried, bought a house with the payout, and put every penny I could into a self-employed 401k. Paid cash for every purchase for 23 years. No cash, no purchase. Now approaching 80 and fully retired for 3 years net worth is north of $3 million. It's NEVER too late to start over!

[@GUITARTIME2024]

Dad? Lol

[@MrSwan-tm5wj]

Why pay cash for everything? Is that for tax evasion or to know how much your spending?

[@GoofballFlyer]

Cash = nothing borrowed. Almost all on credit cards paid off monthly and a few checks.

[@mikefiatx19]

Retired at 45, not worried about cash because I spent the last 20 years preparing.

[@Kaustavpatell]

This was brilliantly put together Jerry. I’ve been following your videos for months now and with professional help, I’m making outstanding progress with my money Decisions

[@frankedwardark]

Absolutely agree! A pro can make a world of difference.

[@wt9653]

Why relocate to Myrtle Beach from Florida. Its only rock throw away from hurricane alley. Its matter of time before South Carolina becomes like Florida.

[@Makemysammich23]

Call it what is, bidenflation.

[@bryanwilson928]

I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million

[@Charlotte03849]

You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@penguingobrrbrr353]

Income "average". No mortgage. No car payment. No credit card debt. I have savings. I have investments. I have apartment also. How well is that..

[@JustinTheJT]

Save up, buy a house, and you will be light years ahead. :D

[@GregorsOutdoors]

All these things are important. Or are they? I'm now 59. When I was young, I lost 3 college friends who never saw age 25. They all wanted what I have now- a decent-paying job, a wife with a few kids, and a white picket fence. If I ever have a bad day...I think of them. In the last two years, I've lost 10 more buddies who never saw age 64. They never reached their golden years. Never got one check from the Federal Government. When I'm fishing with one of my grandkids I think of them. A tube of crickets and a Zebco are pretty cheap entertainment. How much would any of them give to watch a cork go under and hear a grandchild squeal with delight?

[@brucem8129]

Facts

[@jm7804]

Measuring your own financial success by comparing yourself to the average American makes about as much sense as gauging your BMI by the people sitting around you at the mall food court. Make a plan to maintain at least 75% of your working income level in retirement and get your house paid off before you retire. You'll be fine and living a comfortable lifestyle.

[@greenidguy9292]

Jerry, when you show graphs please keep them up longer so we can read them as you speak.

[@susygibson5673]

Yes it was too quick

[@paolamura3497]

Pause the video!

[@Hhbdr]

Rewind and pause. That's what I did:)

[@toddeckel9658]

1 Timothy 6:6-11 6 But godliness with contentment is great gain. 7 For we brought nothing into the world, and we can take nothing out of it. 8 But if we have food and clothing, we will be content with that. 9 Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. 10 For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

[@jamesr1703]

I have always taken most, if not all, of my money away from myself. That way, I always feel poor and I'm always hustling to make money and SAVE money. To be a millionaire was cool back in the 70s. Today, you have to be a multi-millionaire to have a decent retirement.

[@boomer1049]

I don't ever want to stop working! I just don't want to be caught having to work! And I only want to do what I enjoy! After all if you don't use it you lose it! 1. Receive Jesus as your Lord and Savior. 2. Focus on your health. All the money in the world won't do you a bit of good if you lose your health! 3. Keep multiplying your money and invest in the future. 4. Don't ever compare yourself to others! Live within your means. 5. Don't ever get your needs and wants mixed up!

[@bassplayer2011ify]

Don't compare yourself to social media. Most of it is fake anyway. If you can pay your bills, have clothes on your back, a roof over your head, and take care of your needs. Start looking at your other expenses and ask yourself; “Do I need this or do I want this?”

[@missinformed9550]

My entire working life I made coffee at home and packed a lunch; small acts that had a big impact on my finances. People spend too much on frivolous things and being in debt seriously impacts quality of life.

[@yankeedoodle6293]

I have a 10 million dollar net worth and drive a VW

[@revitalzarur7956]

Good for you, someone else will enjoy your money. Not sure what you’re bragging about

[@2legit2Kwit]

@@revitalzarur7956haha

[@robertbutler4151]

​@@revitalzarur7956if they are bragging, its because money doesn't rule their life.

[@matthewtaylor6564]

Money allows you to look around at things you never had time to look at because you were always running full speed .what you do see is everybody in a panic all the time. You can just kick back and watch and say “I used to be like that”

[@Echo30Mike]

Money just allows some things to be achieved faster, but it also attracts unwanted attention.

[@matthewtaylor6564]

@@Echo30Mike Agreed. Best to stay out of the limelight - don't attract attention to yourself. Keep your head down and enjoy life....

[@billyrock8305]

Topgun advice. 💯 The bank pays you. You never pay the bank. 💰 😉 Most doctors I know have massive debt and are broke. A crappy stressful life. My paperboy has greater net worth. I’m not kidding.

[@CaringDisneyfan]

And hope when you retire, you can or feel like doing anything. Bad heart and wrecked knees at 60. Spouse bad heart several stents. No fast heavy anything. Hiking is out. Etc ect . Glad I did a lot when my body was 20’s And 30’s. Not much $$ but can’t do much anyway. Also. You go into a home and they take every nickel. So my advice. Enjoy healthy life and spend the money. We all die eventually

[@BunnyTheChi]

I sold our house in a very large city, and moved to a smaller city. House was paid for, and when I sold it and moved to the lower cost of living city, I paid off the new house and pocketed a few hundred thousand. Best move ever.

[@TheScrubmuffin69]

Wow how fucking lucky you that you just... owned a house in a big city. How incredibly lucky.

[@TheScrubmuffin69]

I'm 28, how am I supposed to buy a house in a big city and then sell it for a profit later? When we can't even afford basic shit

[@Maynardd]

@@TheScrubmuffin69 ask yourself why you can’t afford basic shit.

[@BunnyTheChi]

@@TheScrubmuffin69 I paid this house off over a period of over 25 years after saving for a downpayment that took over five years.

[@chasebailey3721]

@@TheScrubmuffin69 You have to be a baby boomer and bought the house in the 70s for $50k.

[@robertellis3915]

Been working for Goodwill for some 5 years they don't pay enough for the rent and bills feeling more handicapped than independent working for Goodwill

[@Bob-yh7ir]

We live on 33% of our gross pay. About 56% of take home. But we have the max coming out of pay for 401Ks and all with catch up contributions. So we really live on very little. We take 5 to 6 trips a year, in and out of country. We have 4 years of expenses in cash and high yield savings. Heck the interest on the savings alone pays for a 1 month trip every year. No Debt. House and college paid for. Child out and doing better then we were at 24. It is so freeing to know that money is not a problem. It's now how to spend the majority of it before we leave this place.

[@williamarbelaez5382]

I drive a 2002 ford escape pay $86 monthly insurance i live in an older apartment building pay $1100 rent per month and keep my life simple i have monthly passive income from my ETFs and i have a P/T cleaning business i am not rich but live a confortable life.

[@christopherstephenson7199]

If i knew what i know now at 43, i woulf have gotten a job with a pension in my 20s. Civil service, police, fireman, garbage man, union job. Anything that offers a pension.

[@whatstrue1481]

You can never be truely happy until you learn to be satisfied with what you have.

[@Bodangers]

That's the guy I like... he isn't happy even though he has 3 cars, good family, lots of friends and a house. Not sure what to tell him anymore.

[@danfouts6628]

Well at least he didn't mention $3.00 coffee

[@kennethneveski1892]

Good, positive message. But at 62, I've realized that not only is personal wealth important for retirement, personal HEALTH is even more crucial. Bucking the trend for most, I lost 80 pounds back during COVID. Finally started eating right. Kept working out at gym, doing exercises targeting strength for older age, especially hips, legs, back, shoulders, etc.. Now I can continue to work and earn good money doing a physical job that I enjoy. I'll do it for 4/5 more years before my nurse wife and I retire. Now I see some high school friends of mine, similar age, some of whom are already retired, either by choice or health circumstances. Many are starting to look weak, feeble, frail, hunched over while walking, etc... in their early 60s. A few unfortunately have passed away either from cancer, heart issues, bad choices, whatever -- and many of them were doing well financially in their lives. Now they'll never enjoy their Golden Years. Thus, good physical health for you and your loved ones (my wife is recovery from breast cancer, doing great in recovery) is probably more important than anything else. If you don't have that, you have nothing, no matter what material things you possess.

[@BrandonGolets]

Great message.

[@joseperez2003]

I will have to agree with this statement. I'm only 38 years old and I'm really focusing on my health for today and the future. Money is a tool and like any tool you just need to know to use it effectively.

[@TraciePeters1]

Great reminder! People tend not to realize the cost of health care post retirement. Your employer funded insurance goes away and if you don’t take time and initiative to care for yourself earlier than retirement, you may not have enough. Obviously bad things happen as you stated (happy your wife is fighting and winning) but most people can control their health to a larger extent by making wise life choices. One of your retirement assets IS your health and unlike a 401K, you can affect the dividends.

[@chrisharris4223]

Great message Kenneth, need to keep an eye on health, that is ultimate currency 👍

[@marciamakoviecki3295]

Switched to high protein, low carb and feeling like 30ish

[@paulbrungardt9823]

I am 64 years old & I have no savings for retirement--No Worries--I will become an artist like Hunter Biden & earn $500K each for silly oil paintings.

[@KlausPoopinschmere]

7:36 that graph has got to be dated, average mortgage is well over $2000/mo now. Anecdotally, the lowest rent in the last two cities I've lived in since 2022 is no less than $1100/mo before added fees and monthly utilities etc brings it up to ~$1500

[@leefury7]

Never made more than $50K/yr. Retired with 1 mil cash. I was VERY conservative in my investments in the '90's, primarily annuities. Retired 13 yrs ago and have more now than when I retired because of continuing to live a frugal life style. Less is more. If I was able to do this anyone can do it. But I worked since I was 14 and always had a noticable work ethic so never had employment problems. Oh ya. I gave and continue to give not only to my church but to others who I see in need. (NEVER to anyone with an 'entitlement' mentality). I worked hard to have enough to help those who were less fortunate than myself. "God loves a cheerful giver."

[@ryanritchie7921]

…and god loves Tom Brady

[@PotatoWiz]

​@@ryanritchie7921i am not sure about rhat.. but i hope he does

[@joycewright5386]

You just described my life also! God is good!

[@zachhecksel2920]

@leefury7 did you give 10%+? Just curious on what others give!

[@leefury7]

@@zachhecksel2920 No. I got my degree in biblical theology which means I learned biblical principles in giving. 2 Cor 9. God loves a cheerful giver. In the OT, the temple tax and government tax combined to be a little less than 30%. True giving was whatever you could freely give beyond that.

[@Kim-J312]

My aunt and uncle did not graduate high school. They both had to drop out to work on family farm 🚜. They were married at 16yrs old( in the 1950s) Had 2 kids by the time they were 18yrs old. They worked odd jobs and lived in a 2nd hand trailer and shared one car . They saved everything they had to buy a small roadside mom and pop hotel . Then bought another one and another one , well 5 hotels later and a restaurant and own farm equipment rental company. They sold all of it and They retired millionaires . And NO college degree or debt . They will always be my heros

[@rokyericksonroks]

Great story. Thnx for posting.

[@roymccloure7391]

And that could have been a lot of us if we had controlled our spending...

[@abdullmuhammad7397]

He said Honda's ! I love him for that . He is 100% correct . I made my honda like very nice for cheap and im happy with it visually and im happy it doesnt burn a hole in my pocket. This helps me live on less then i make 😌

[@nancybenton5635]

Best car ever. Have purchased four of them.

[@dyates6380]

Jerry, I LOVE your videos, but keep the graphs and diagrams up on the screen longer than a few seconds so we don't have to keep pausing the video to read and study them. Thanks again for another great video.

[@MH-53E]

Without household income in mind, what are you calling comfortable? What would you include as acceptable beyond basic living expenses? A guideline of reasonable expectations for the majority of Americans. I'm not sure how liberty minded that is, but we might benefit from setting some below middle class standards and goals since that's where we are headed at this point...

[@thekid1597]

Glad to hear something positive , I'm better off then I thought I was 🎉😊

[@MaxZagar]

You are right. However, you forget one thing. I recently got a promotion, increasing my monthly income with 1/3. What do you think my net increase is after tax and fees, it is 10%. Over half of the income is going to tax, work insurance and retirement fees.

[@MaxZagar]

This is in Finland.

[@Lukekras]

Very permanent info great info.thanks

[@LORDWENZA777]

Lol I save 70% of my income at 45k Magic secret here... pay cash for a cheap car and live in it.

[@mykofreder1682]

If you are slipping you have too much in real estate and lifestyle that do nothing other than mental things with your life. You should stop worrying when you cannot spend a 5% return on your investments and have no debt, and you throw things like Social Security and Medicare on top of that. A big house, vacation house, and expensive car may make you feel good, but the debt and taxes associated with that will not allow most to reach that living off of 5% of investment returns.

[@angiepatterson6338]

FYI, there is a great older book about this called “The Millionaire Next Door.”

[@buildingbuildercip8292]

I’m a millionaire, and drive a Toyota. Haha! It’s so true, but will eventually buy an exotic. I was a Dave Ramsey follower for a while. Graham Stephan is also giving good advice, but my personal experience has been in buying and paying off real estate, which I rent out at a fair amount below market value. I am earning well into the six figures now, thanks to my rentals. I was able to retire young, and am excited to have a legacy to leave behind to my two sons.

[@michalk2497]

how much rent will you realistically collect in 36 months? now it's working out because you made the right decisions in the past, but I'm afraid you couldn't fit them into today because the prices are too high and it probably wouldn't be worth it.

[@Dbb27]

@@michalk2497 investment properties are still returning 5-7%. Best thing to do for that first property is to buy a duplex or triplex. Pay it off and move on to number 2, then number 3. By the time you own three free and clear they will fund your lifestyle.

[@Pinchshot39]

Sounds just like me

[@ripperwrestling6587]

I have rentals I rent below market value in my area as well, it helps me retain excellent renters and the cash flow isn't nescessarly from the monthly rent it's the back end savings that helps.@@michalk2497

[@BoomerLicks]

THIS, is what I want/need to do! Where to start though..............?

[@esanford]

Nice video. I even enjoyed the comments below. Some were snarky but still fun. Others talked about how well they are doing. The bottom line is that most people who watch videos like this are doing pretty well. It makes you feel good to see that we are doing better than our peers... human nature.... People who are in the "financial hurt locker" don't watch videos like this because it makes them feel worse. Yep! I'm doing well and videos like this just validate it even though it really isn't necessary

[@RobertDean-x5e]

I made $300,000 a year and saved $200,000 a year for 25 years and now at 62 I’m retired. Plus I saved before that also.

[@animegeek3109]

33, have over half a million in my bank account with a paid off house and car and over 100k in my retirement, I look like I'm the average joe lol because I don't believe in looking good and don't want to be a target of harassment from people that get jealous about what I can have, it pays off guys to just be normal

[@kathleencernetich6243]

I'm 72 years old thank God I've got my health I am debt-free and I'm still working 40 hour week I'm driving a twenty-five-year-old SUV very comfortable within my means I don't try to be a wannabe and I sleep well at night

[@bryancohen4519]

Still working?? Get a life

[@sterlingcampbell2116]

God I hope I don't have to work at 72...or even 62

[@tho464]

One thing about stats, like when we say 33% have no retirement savings, what age groups are we using? Many young people just starting out can’t afford retirement contributions yet. I like comparing myself to similar age groups to gauge where I am.

[@billashby7858]

I made it a point to have no car or house payments by the time my wife and I retired, we have been retired for over 10 years and still have not touched our IRA's or 401K's!

[@HALWG51]

This is bullshit.

[@ttown918]

I'll say this - I wouldn't feel too good about myself just because my savings or earnings are a bit above the average or median household. Those averages / median figures are pathetic. A large majority of people are looking at no or a miserable retirement.

[@jimfurr81]

Please leave your graphs up longer, I really don't like pausing the video, I'd rather look at the graph while listening!

[@WackyCookies]

That’s why I drive an 11 year old BMW that I purchased second hand. I never purchase a brand new car. Thank you for your tips.

[@markkrispin6944]

I drive a 2021 Toyota Hybrid. Getting 65-72 mpg city, 61 mph highway. Planning to drive it until the wheel fall off. Only paid $20,600 brand new with only 11 miles on it. 0% interest rate.

[@jaekn]

Buying an 11 year old BMW is never a wise financial decision, they are remarkably unreliable

[@WackyCookies]

@@jaekn-My car was only two years old when I purchased it and had less than 10k miles on it. I’ve had it for 9 years now and it is a wonderful car. Of course I have routine maintenance performed on it, but it has been perfectly reliable.

[@rowser4472]

@@jaeknrecent bmw is plenty reliable. BMW being unreliable is old news.

[@jackw3068]

The trick with BMWs is to buy them fully depriceated. One of the best cars I've ever purchased was a 1995 BMW 318i for $700. It had 223k mi on it when I bought it in 2012. Drove that car for 3 years. Only required regular maintenance except only one issue with the coolant hose and fitting bursting (pressurized plastic fittings are like catnip to bmw engineers) Eventually the head gasket blew @ 305k, if I was smart back then I would have fixed it instead of scraping the car. I'd probably still be driving it. I have a 330ci now, sweet driving cars. I'm always happy behind the steering wheel of a BMW but I refuse to pay more than 10% of what they cost new.

[@ihave35cents95]

One of my wealthiest clients drives a 72 rusted out Fiat to his helicopter,

[@revitalzarur7956]

Who wants to live like that? Some people are so cheap they never get to enjoy the fruits of their labor. YOLO

[@ihave35cents95]

@@revitalzarur7956 he’s hardly cheap. He owns a skyscraper in New York City and a 30 bedroom house on the navasink river in New Jersey that was his college car. He only goes a mile to his helicopter pad.

[@ihave35cents95]

@@dh6984 I guess people shouldn’t own motorcycles or classic cars either right

[@bigedslobotomy]

I’m a retired respiratory therapist, and I’ve known a LOT of doctors who, while they make big money, also spend it all on cars, houses, and vacations. Many times they end up going bankrupt, because they have more bills than their income! There’s an old saying, “The more you earn, the more you spend.” This is true for many people, even those who make well over $200,000 a year.

[@scotthester-g9m]

It’s sad when can make 4 to 5k week and still feel broke, but I did pay 7k on my debt this past month.. 20k to go. Just a rat on the treadmill trying to get ahead.

[@thinkfloyd2594]

By the time we reach retirement, we live where we want to live. Suggesting we move to save money is telling us to give up our dreams. That's the opposite of what you want your retirement to be! You should retire from all the stress and work in life and live exactly where you want! Might be good financial advice, but horrible life advice.

[@ronbonora7872]

It is not how much you make. It is how much you keep!

[@Sonofawildanimal4241]

Or spend

[@anniesshenanigans3815]

I have enough savings to pay my bills for a year. No car payments, no credit card debt. I live on a budget. I do not participate in the stock market. I am not an 'investor'. I believe in paying cash whenever I can. Next big debt to clobber is my home and keep saving.

[@howellwong11]

Me too, except that I use my credit card for the cash rewards.

[@FreeAgent797]

If you have a 401k that basically the stock market.

[@anniesshenanigans3815]

@@FreeAgent797 I do not have a 401k so NO I do not participate.

[@1000lightyrs]

At 31 I was flat broke with a worthless car, no home and $10,000 credit card debt. Then I got serious. Bought and paid off my house by 49, bought a second property at 50, letting the tenants help me pay that one off. Also started salary sacrificing the maximum I could into Super at that time. Next year, I'm selling the house I live in, to move into the other one I bought, and retiring comfortably at 55. According to my calcs, I reckon I saved about 65% of my income over those 24 years. I'm just a high school educated, unskilled, laboratory technician.

[@gregorycanady2530]

You are more than what you think......................success is between the ears.............

[@chrystya]

Good for you. You should be very proud of yourself. I know what it’s like to give up things so you can save. The earlier the better. You were fortunate to heed that wake up call and do something about it. Congrats to you. Enjoy your retirement

[@alexispacey2864]

Do you have kids, a spouse/partner? I found the kid bit took a lot of finances and achieving early retirement.

[@1000lightyrs]

​@@alexispacey2864 No, no partner, no kids. I know what you mean, but I've witnessed that it can still be done. My work colleague has a similar mindset to me. He immigrated to Australia at about 31 (so same age as my scenario) with no assets/money. Works in the same field, non-professional. But he's gone through the whole family thing, wife, 2 kids as well as supporting family back home. He's retiring comfortably at 60. So I guess the family added about 5 years to the equation LOL

[@philfortner1805]

I took all my investment advice from my cat and I think we're holding way too much trout. There's barely anywhere to store it.

[@billmatthews1293]

“ I once had the blues because I had no shoes, until on the street I met a man who had no feet.” Count yr blessings. We are ALL richer than we think, when we don’t measure wealth by money or possessions,

[@radcoelectric3852]

Love it!

[@Wtfbubbadood]

Yup spot on. Count our blessings EVERY DAY

[@JohnGleave-o7m]

My nan would say this too me

[@goingwildagain]

Subbed

[@marysaltlife1427]

Bill, you said it well and truthfully. Materials don't matter. Have a few nice things and move on. Relationships matter.