Stop Using The 15% Investing Rule

[@JarradMorrow]

Start speaking a new language in 3 weeks with Babbel 🎉. Get up to 60% OFF your subscription ➡Here: go.babbel.com/t?bsc=usa-influ-eg-dt-1m&btp=default&KZbin&Influencer..Jul-2024..USA-TATAM..1200m60-yt-jarradmorrow-jul-2024

[@evasanz3466]

Aprender un idioma nuevo es como hacer ejercicio, así mantendrás tu celebro más jóven.

[@JarradMorrow]

@evasanz3466 agree 👍

[@ffnovice7]

Jarrad am I retarded for basing my entire strategy on resistance and support bands, on a log 🪵 graph 📉📈?

[@stewdogg42]

I put 18% of my gross household income in retirement each year spread out over a Trad 401k, Roth IRA, and a HSA. If you add to that my employer match then I’m saving 23% in total. In addition to this I save 9% of my gross income in savings in a high yield savings account to be used for emergency expenses/ sinking fund.

[@ryebread447]

Ur a financial mutant!

[@thumpr1]

I just bumped my amount to 19% this month (and 23.5% with employer match)... And still feeling like I won't have enough... sure would love to see my balance growing faster.. But glad that I'm entirely debt free at this point to be able to put that much away... can't wait for a raise/standard of living increase next year so I can bump to 20+%.. LOL.

[@TheNativeTwo]

@@ryebread447naw I am the same way. Planning to retire early.

[@pioneer7777777]

Similar for me except I'm about 25% before match, 29% after match. I feel like it is a little excessive but I feel I figure I will keep it up as long as I can. 36 yo, married with two kids. Crossed $600k investments combined with my wife's.

[@thumpr1]

@@pioneer7777777 ugh, I wish I had that much, I’m way behind in comparison at only about 200K, single and 49, Yikes

[@taurusthebull76]

If you feel you won't have enough, just prepare to move to a country where the cost of living isn't as expensive.

[@priyer74]

@@taurusthebull76 make sure it's a democratic country

[@stephonregis5791]

I thought the 7% return was before inflation until I started digging deeper into my research. The 7 to 7.5 percent return is AFTER INFLATION. Before inflation, it's 10.5% with dividends included. I enjoy your channel and working on my own thank you 🙏🏾

[@ryebread447]

And it's a GAURANTEED RATE OF RETURN! /S

[@Anonymous-ld7je]

​@@ryebread447 You're right, it's not guaranteed it will be that high, nor is it guaranteed it will be that LOW. You understand returns can also be BETTER than expected, right? Equal chances of both better or worse.

[@Bobventk]

That’s the past. 4% real is a safe assumption.

[@Bobventk]

@@Anonymous-ld7jethere have been several 30 year periods where it’s been closer to 4

[@stephonregis5791]

@@Bobventk we get %5 from CD’s and HYSA alone at the moment (I know it’s because of interest at the moment but) where did you get this random 4% number from 🥲😭🤣

[@getinthespace7715]

I started investing at 15%... now at 40, we are hitting 100% debt free in a few months. Then, we are investing 50%+

[@JarradMorrow]

Nice! Congrats!

[@johnsonajayi7846]

Please make sure that you enjoy life while doing this , take time to travel, tomorrow is not guaranteed.

[@getinthespace7715]

@@johnsonajayi7846, absolutely. We worked hard over the last 15 years. Went from $36k household income to $330k household income starting this summer. Last year we were at $110k. I got a big promotion and my wife graduated with her Nurse Practitioner Degree. We'll keep living on the same income... but after paying off some school and medical debt we'll be 100% debt free, and living off 80k take home will feel like alot. We'll invest like crazy to try to hit 1 million invested outside retirement in the next 5 years or so. Our plans are to start traveling more, looking for property and I'm going to cash flow building a house. I used to work construction before becoming an engineer.

[@johnl9135]

I think 15-20 percent is just a guideline, but if you can afford to save more. That is even better, I've seen and heard a lot of people at age 65 years old didn't have anything beside social security check. My mom is an example and that scares me. Nowadays my focus is save and invest as much as I can afford to. I am not greedy, if I can get to 1 - 1.5 million dollars on my 401k by the time I retire. I think I will be ok, I can live with 40k - 60k a year. I've been live around 30k-40k all my life.

[@tradeswithjohnnie]

Not trying to scare you homie but other things you should consider is health. Sure you can live on 40k a year now and for the next 20 years but when you are in your 60s or 70s even 80s...all it takes is 1 surgery and it will deplete your money

[@JGComments]

Only if you buy into the idea of deferring all the fun you have with your family until you are old and rich. Not everyone approaches life that way.

[@rontina8686]

One divorce really does greatly effect your asserts, let alone 2 or more so pick wisely. Also staying married to the wrong person will also destroy your savings! So stay Single or don't let your eyes pick your future spouse. (lets not talk child support) How many divorcees Jarrad?

[@JarradMorrow]

Well, it was 10 divorces when I filmed this video, but it has happened again since then, so now I've officially been divorced 11 times. I fall in and out of love very quickly. It's becoming a problem.

[@jedimindtrick8966]

​@@JarradMorrowthe divorces aren't really the problem, it's all the marriages.

[@StevenChristenson]

@@JarradMorrow "Falling in Love and out of love" is the wrong paradigm. Love - like investing is a choice you make every day because love is above all *action* (what you do) - not a feeling. The feeling of "love", like gains and losses in the market ebb and flow. As an investor you don't abandon the market on a bad day, or a bad month, or even a bad year because if you do, you usually forfeit the gains that come from staying invested for the long haul. A relationship - and particularly a marriage - is a most valuable investment. I've learned some good financial wisdom from you. Hopefully I've been able to give you some insight. My insight is based on 35.5 years of joyful marriage. 35.5 out of 36 is a winning investment for me - in fact while our financial investments have done well, my marriage is my best investment. My final observation is that most marriages fail due to "I" problems. When you make a relationship more about growing your partner than yourself, it has a wonderful way of paying huge dividends. And yes, it helps tremendously when your partner has the same approach: a 50-50 relationship is doomed to failure; a 100% - 100% relationship is much less likely to fail. All the best, man.

[@jimbarnes4073]

Jarrad, I'm guessing your divorce attorney is on speed dial and you've protected your assets with prenups. Another great video sir! Thanks, Jimmy

[@SamLee-ds7fi]

Dude don't sign a government contract to be in a relationship. I never will.

[@michaelswami]

I have no 401K. I use taxable brokerage and Roth for investments. I invest in excess of 25%.

[@wayward03]

I invest 24% into my 401k. Won't start outside accounts until I buy a house

[@MeltingRubberZ28]

​@@wayward03bruh long term cap gains on a taxable brokerage are way better than any tax deferred retirement account. Taxable brokerage FTW

[@52CA]

Whatever you save don’t do what I did. 30 out of the 37yrs I worked all my 401k was in the fixed 4% return fund. I understand compound interest but I didn’t understand how much of a difference 4vs 6,7, or 8% would make. As a result I literally missed out on millions, yes millions. In the last 7 yrs before retirement I finally got into the market aggressively and it took off. But my ending value was down by nearly 2 million over what it could have been. I was a high earner saving max into 401k and Roth and still saving into brokerage account. About 75k a year. So my ending value is mostly my own cash.

[@bawathen1]

Why do people use age 67 as retirement age? Average life expectancy of a male in the US is 73 years old. Please stop going under assumption that people work for almost 50 years just to retire for 6 years before dying. Of course it’s easy to save up millions if you work until 67, but go enjoy life

[@JarradMorrow]

I used 67 because it's when you get full ss benefits if you were born 1960 or later. You're more than welcome to run the numbers based on what works for you. Thanks for checking out the video 👍

[@michaelswami]

According to a Harvard study, the average life expectancy of a 65 year old male is 16.5 more years. Your information may include all of those who died a premature death (ie never made it to 1, 5, 10, or even 65).

[@BrianNC81]

57 is my goal .. 0 desire to work past 60.

[@MiniHulk808]

55 I’m done working! I care less about the ss and all that bs. We gotta enjoy the money we saved and travel the world and see my kids growing and do better in life

[@jebbush2527]

Men live to 75 now

[@gilbertoborrero2014]

Because everyone's individual ability to invest a specific amount varies, I always advise most who are just starting to start at whatever percentage they feel comfortable. After all it is more important to start investing than not to invest at all. Once they are in the investment arena, I then ask them to commit to increasing the percentage to least half their newly found increases or bonuses as they arrive. Doing it in this manor I personally found it to be less financially shocking to your daily finances. Applying an increase that was never previously there in the first place doesn't throw your numbers off and allows you to get closer to this 15% or more goal. Its like adding some sugar to much needed medicine.

[@Lupin1978]

Goal is input max amount that can input into your 401k each year is $23,000. Put as much as you can each pay period.

[@JB-fq9dp]

At age 50 catch-up contribution is additional $7500. 23000+7500=30500 👍

[@ryebread447]

Including: 401k, Roth IRA and HSA accounts- I invest 16% of my gross monthly income. Another 2% goes to savings. Occasionally I can save more

[@carltice544]

Can we get a link to a copy of that google sheet?

[@MrTmenzo]

If you do not have employer sponsored health insurance HSA plans are nearly as expensive as other plans with a higher deductible.

[@bobcantstandzyobitz9778]

My financial planner is trying to get my income to be nearly double at retirement, not 45%

[@ianscianablo8507]

Hey Jarrad. I have a 401K plan with my new employer. I've been there a full year. I don't think I can automate DCA via Merrill Lynch Edge. Any ideas? Which brokerage account makes it easy to automate DCA from my paychecks? I don't like peaking at my investments. Any videos on this? Thank you!

[@MeltingRubberZ28]

Jarrad, you could have income calculated every year. 65k, then assume 3% increases every year. That is a column, then 15% of that calculated as that years input. Would be pretty simple.

[@JarradMorrow]

Got it 👍🏻. Are you a RBR fan?

[@MeltingRubberZ28]

@JarradMorrow I am indeed. Pretty bummed without Newey and RBRs recent form though.

[@JarradMorrow]

@MeltingRubberZ28 I am as well. Losing Newey is rough. Plus it seems like other teams have been poaching too much of their talent over the past few years and it's starting to catch up to them. I'm also a little concerned with how their 2026 engine is going to pan out. Too much that could go wrong as a new engine manufacturer and set them back for quite a few years. Max is too good of a driver to put up with shenanigans like that for too long so we'll see what happens.

[@michaelandujar8109]

Thanks for the reminder to hit that thumbs up button ar the end I almost forgot 😂. I was busy playing with my new mini fridge. Over 30% saving just compared to my old mini fridge. Not to mention it's got its own freezer door compartment 😂 now I'll unplug my full size freezer. I'm so pumped I'll be saving a ton of money 😂.

[@nomafmaroga6827]

As if you'll be saving a lot of money. Congratulations 🎉🎉🎉🎉🎉 anyways 😅😅😅😅😅😅😅😅😅😅

[@phattorangecatto]

Basically you can sum this up with everyone’s situation is different. Always invest as much as you can in every single situation unless you are in extreme situations.

[@HenryLopez-uw6hy]

Cereal goes first, then the milk.

[@JarradMorrow]

No no no, it's the other way around. Milk always goes first.

[@thehungrysage]

@@JarradMorrow terrible take, unsubbed.

[@JarradMorrow]

😂 Oh come on! I promise I'm not a closet serial killer!!

[@NOTurbuisness-r5q]

No one cares, it’s like pineapple pizza. No one actually cares until they tell you to care. In my opinion it’s basically a sci opp to make people dumb. I don’t actually believe that, but yall wouldn’t care about this kinda crap if you wernt told to care. So don’t care

[@scarling9367]

What kinda savage are you? Coffee first. Then 2nd. Proceed with day.

[@Ilovesports977]

I have a 401k with a 3% contribution from my company with myself contributing 9% and outside of that I put $50 a week into my fidelity brokerage account that diversifies into the stocks I’ve selected.

[@SigFrid1985]

I live in Europe, and not in USA, however I am sad to admit I only got into investing when I was 36 y-o, which is 10/11 years later than it should have been. However, only when I was around 29 y-o was I able to start making money cause of RL issues.

[@kiefershanks4172]

Here's how I look at it: how much do you need to survive right now every month? Save and invest that amount if you can. You cannot rely on social security. If you get it, great. You also want to build your own pension, even if you have one already. That's why going by your actual cost of living today and using that amount is not only going to give you a strong return, it also gives you more power in retirement and even the possibility of retiring sooner.

[@loveandjoy810]

I’m 49, I’ll be 50 next month. I save 20% of my income and have step laddered up my retirement savings as I got raises over the last 17 years. Calculators say I’m on track but I’m still scared I’ll retire broke.

[@armeijamies]

My wife and I both have annuities to plan on and social security. She saves 10 percent and I save about 22 percent.... and add some personal money.

[@ICantSpellDawg]

If you get a million dollars cash, investing it into treasuries at 5.5% isn't the worst idea. You've already made your retirement egg, and future market returns are expected to be 6%

[@DarkoFitCoach]

Yeah thats 55k in passive income yearly so almoat 4600 per month. Its more then i spent now in the west but i would STAT move to a cheaper country like vietnam or thailand and live like a KING! a KING i tell you!

[@blade643]

Doing my best for 15% making ~$65K pre tax

[@BitsOfInterest]

13:14 I made my own spreadsheet, it's super simple; just have a field for COLA or increase and have a salary column that you apply it to and base everything else of. So if the salary is a higher number, the savings is a higher number also as long as you use the same savings percentage. I like to set it at 3% same as my inflation expectation based on long term historical data. But if inflation is the same as your wage increase it's all irrelevant 😂

[@AshleyPalacios-pu9kp]

Hi, I feel like I’m misunderstanding something. If you keep raising your monthly contribution up, wouldn’t you over contribute and receive a type of penalty on your Roth and 401k?

[@TonyCox1351]

401K has a pretty high max, it’s $23000 right now. So you’d have to be making $153K in order for 15% to surpass that. And, you’ve got Roth. And after Roth, you’ve got IRA. I think IRA has no annual limit.

[@SnowyCountryChicken]

I’m over 50 so the limit for me is $30,500 on my 401(k) and $8000 on my Roth IRA. I’m also maxing out my HSA. This is my first year doing the HSA. I wish I understood it earlier.

[@Jables77]

Does the 15% rule include a company match? If I include my company match, I'm at 32% for reference. Age 46

[@JarradMorrow]

Great question. Yes, it does include employer match.

[@Bferr89]

Holy crap how much does your company match?

[@sunkistlgaqua]

110%? Lol

[@Bferr89]

i could easily create a spreadsheet that increases the income over a time period that correlates to contribution increases.

[@Bferr89]

I'll send you an email in case you are interested

[@Lolatyou332]

@13:00 -- If your using a 7% annual return and keeping the same income percentage (which will increase due to inflation), your portfolio estimate is basically an estimate in today's dollars. So 1.8m$ in 30-40 years may be closer to 8-10m$.

[@Andrew-it7fb]

7% is net of inflation

[@Bferr89]

@@Andrew-it7fbexactly

[@shawnbrewer7]

I agree with the 25% number The Money Guy Show recommends.

[@vicfontaine5130]

Do the numbers change if you have a good defined pension plan

[@TonyCox1351]

Of course.

[@Richlucch]

Dont get married or have a kid too early, drive a used car, live home for as long as you can to invest and save as much as you can starting young. I started my career 5 years ago at 20yo first year doing 100k no college degree. Start young and put in the hours

[@pc24681]

I am investing 45 percent of my income and delaying gratification

[@aaronkelley3865]

Damn. You will be super rich one day. Good job!

[@SuntaX10]

Jarrad, can you make a video about growth stock vs dividend investing? I am 30 and currently on VOO but its kinda hard to decide on which one to choose for my tax brokerage account! Thanks!

[@alexreyes7237]

Do more research bro voo is overvalued

[@DarkoFitCoach]

​@@alexreyes7237oh here we go.people using p/e ratios to make claims. If it was that simple then people would be able to beat the market and guess what. Almost nobody cant Whatever u are thinking its already priced in

[@davidmassey5448]

The spreadsheet doesn't look like it contains the Compound Interest Tabs

[@clarkeysam]

People sell plasma?! That's the most American thing I've heard all day! In the UK we just give it away for free. I made a donation yesterday.

[@Anonymous-ld7je]

To be blunt, poor people sell plasma in the US. Everyone else donates blood. The Red Cross does "blood drives" all the time here and people donate. Plasma is not used for blood transfusions in hospitals like blood donations are, it's used for medical research by pharmaceutical companies. So they pay people for it.

[@DerekDunifer]

Some people do but I also donate plasma, as most do.

[@jamesmoore2345]

they use plasma in big pharma so in the us if you actually want it to go to a good cause you have to do your research before you give or they will just sell it. Or you can just take it to a facility that openly pays you for it.

[@hobbiehobbs]

You give it away for free. The hospital sure doesn’t give it away 😂

[@clarkeysam]

@@hobbiehobbs they do in modern countries.

[@MTBTrek34]

I have a spreadsheet that incorporates yearly raises.

[@joseaod15]

I invest 25%

[@TartarianTopG]

Ryan goslings cousin?

[@JarradMorrow]

Close but actually Jake Gyllenhaal

[@rudyflores7396]

Follow the 7 Baby Steps by Dave Ramsey. You'll get there, no worries. Baby steps 4-6 you switched from intense to intentional. Baby step 7 live and give like no one else. 💪🙏🙌

[@4dscdriver]

Dave is a moron.

[@alex182618]

Do people really put 15% into cash?

[@JarradMorrow]

You'd be surprised how many people think earning interest from a savings account is better than investing the money because it's "guaranteed"

[@alex182618]

@@JarradMorrowPeople never stop to amaze me. Interest rate from a fintech that was created 5 years ago is “guaranteed”.

[@Username_CC_]

​@@JarradMorrow An absolute ton of people don't think about the long term.

[@glasshalffull2930]

I just spoke to a friend who retired from the military and his entire Thrift Savings Plan has been in the G Fund (government securities average 4.2%). Nobody ever really told him about how long-term investments work.

[@Sylvan_dB]

I was raised with the aphorism, "only put money into the stock market that you can afford to lose" and was taught to save in savings accounts and certificates of deposit before I was a teen (along with how to calculate interest earnings and compounding). My dad subscribed to the Wall Street Journal and sometimes we'd look at the company quotes, but my impression was that investing was only for rich people with money to lose. One landlady when I was in college lost a lot of money when the stock market went down, so to console herself she went out and bought a new Cadillac. That's who and what I thought investing was about, until after I had started my first post-college job. A year after college I became eligible for the company 401k and "discovered" investing. It was years after that my father retired and I found out he had some stock investments. At one job I used to regularly eat lunch with a group that discussed investing. One friend with an upbringing similar to mine started to attend and reported his parents had recently retired and had all their liquid assets in certificates of deposit. He says now, that that time with that group changed the entire trajectory of his life.

[@blktauna]

Those rules are remnants of the days of pensions

[@TehkNinja]

I save 24.5% and I'm 30

[@stayoffduhweed]

Bro wtf how did you predict my age and where I live that's creepy

[@cwyung28]

How can we get access to that spreadsheet to play with our number?

[@thedustincrdv]

I’m confused. 1 million in 4 High Yield Savings accounts would guarantee 5% return and it’s FDIC insured.

[@JarradMorrow]

One of the big problems is that those rates won't last. We've been spoiled with how high they've been for the past few years. Better to have most of it invested with higher expected returns.

[@TommyTombstone]

I had a HYSA when it was all the rage last time. It went from 3.5 to .25 in a few short years. Don't count on anything, the bank can only afford to pay you a cut that is less than they make on loaning out your savings.

[@etrans09]

Life happens and so should Prenups

[@thadeusmoor3535]

I contribute 22% a month and my employer contributes 3% on top of that I contribute 2000 a month

[@grindtodayenjoytomorrow4644]

Everybody should have SQQQ and Tesla in they portfolio. Invest your HSA as well😮😮😮😮

[@stewdogg42]

Lol! Cereal in warm milk? People actually do that? So weird.

[@nomafmaroga6827]

I don't personally eat this but my husband does. 😂😂😂

[@georgechang-q6h]

What would be the best 5 etfs for a foreign beginner

[@DarkoFitCoach]

What do u mwan a foreign beginner? As in european? Sp500 or all world by vanguard or ishares or vaneck are all perfect. Accumulating version

[@Steve_SEC]

What do you think about dividend ETFs such as VIG, or does VTI provide sufficient dividends?

[@TonyCox1351]

VTI does not provide sufficient dividends to live off in retirement, unless you have a monster portfolio. If you’re trying to live off dividends you need more. But if you’re still in the accumulation phase, VTI is great (that’s the core of my portfolio)

[@priyer74]

How about investing the stock of Amazon

[@JarradMorrow]

If you invest in a broad based index fund or the ETF equivalent then you'd be investing in Amazon

[@alexgg7499]

Everything they start it gets tax at the end is ridiculous now 401k gonna get 45 percent taxed

[@amazinglats6020]

That bit at around the 8 minute mark is why I’ll never get married.

[@JarradMorrow]

😂 it's a running inside joke on my channel. I'm not divorced...yet

[@TommyTombstone]

You're twelve, give it time. Stop listening to bitter divorcees and douchebags on the internet.

[@nelsonsantos1318]

Italian......🎉🎉🎉

[@careygagnon5853]

Is the access to the spending spreadsheet set up properly. I gave up my email address to get it and was sent a link to convertkit to give it up (my info) again.

[@JarradMorrow]

Hmmm it shouldn’t be broken, but it’s possible so I’ll double check right now. How long ago did you sign up for it, what are the first two characters of your email address and what is the “@“?

[@careygagnon5853]

@@JarradMorrow Just sent you an email from the address I provided/subscribed with. Note that I unsubscribed right away when the exchange did not happen.

[@JarradMorrow]

I don't see an email from you, but I think I found you if it just happened today. Does your email address start with "ca" and end in @gmail.com? If this is you then I'll email you a link to the spreadsheet.

[@careygagnon5853]

@@JarradMorrow That would be me.

[@M22Research]

Perhaps I’m missing it - in the about area I see the link to your Spending spreadsheet, but what above this saving spreadsheet?

[@jeffbrown773]

Doesn’t work if you don’t qualify for a HSA

[@np5246]

@0:31 You can thank the Republican Party for that. Also for the existence of the Roth IRA (look up who it's named after).

[@Matteo-xm6xo]

Max out your contributions for 4 years and then taper 📴

[@umoramayori]

Inflation always outpaces income and equities, as a whole. Japan has had net negative returns since 1989. Coming to a country near you.

[@scottleehutchins]

Um, $45k +$24k=$69k of income (not $75k) less taxes, so not even close to $75k.

[@BitsOfInterest]

15% works if you do it for 40 years with 8% returns (5% real). If you start later add 1% every year you start later. Edit: you can also turn it around if you want to retire earlier than regular retirement age; if you want to retire in 20 years, start saving 35% now if you're starting from zero.

[@aam.2900]

Wow...2000 a month in the year 2065. Not only that but im scrolling tiktok 40 years from now? The future is bright, so much i wish the light would blind me.

[@vhateverlie]

Lol thats the truth. Inflation from the last 41 years was 215.4% per USA fed. Extrapolate that out to the next 41 years, 2065, that $2000/month would have the same spending power as $634/month today. You'd be so far below the poverty line.

[@aam.2900]

@@vhateverlie Yeah haha

[@jasonfbaker]

Onlyfeet

[@JarradMorrow]

😂 Bro, it ain't happening.

[@amazinglats6020]

If 45k a year isn’t enough for you to live in retirement you have a huge spending problem. Sure you may want more but if you couldn’t make it off 45k you suck.

[@MichaelM2K23]

Today’s 45K is not tomorrow’s 45K. #inflation

[@Themarxistinvestor]

The average cost of living per person is roughly 3000. That’s 36,000 per person annually. If every person makes 45,000 a year that’s 90,000-72,000 which is 18,000 extra per year. If you don’t have insurance, which 1 in 10 people don’t, and you have a medical emergency that requires hospitalization that stay will cost 2800 per day. The average stay is 4.6 days meaning that’s 13,000 dollars. God forbid you get cancer without insurance because that’ll be hundreds of thousands. Just because you have privilege doesn’t mean everyone does. Prick.

[@tamarraj]

That’s absurd. That statement proves you have zero clue that the cost of living in various places in the country (the world, actually) are vastly different. Someone who’s been living on a 6-figure salary isn’t just going to start living in a $40k overnight. If you can live on $45k that’s great, but not everyone has the same lifestyle, family size, retirement expenses. Maybe you like to stay home while someone else wants to travel the world.

[@amazinglats6020]

@@tamarraj right now I live on 10k a year, and that’s not with my family’s help or anything like that. Yes if you want to travel you will need to spend a lot more money but I’m stating if you can’t live on 45k you suck, never said it was going to be a life of luxury. Even in higher costs of living areas I stand by that statement. The main expense that is more expensive in higher cost of living areas is your house expense which you should have paid off by the time you hit retirement. If you have kids they should also be moved out by then so that isn’t an expense you have to worry about. Of course there will be exceptions and people may need more money than that, but I believe that to be the minority.

[@scarling9367]

Gonna have to 2nd here. That's a wild claim given the breadth of the COL in the US.

[@international_dividend]

Charolette? The typos have increased recently... time for a new editor.

[@WafflesAdventure]

Social security isn't going to be around much longer

[@kickeramps]

I know you need to feed your dog, but your videos will be much better if you ditch the commercials in the middle of the video.

[@JarradMorrow]

Your viewing experience would be much better if you skipped over the parts you didn't like or spend the money on KZbin Premium so you never see an ad again.

[@kickeramps]

@@JarradMorrow don't worry. I skip over the parts I don't like.

[@JarradMorrow]

I’m serious about the YT Premium though. Probably some of the best money I’ve spent over the past 6+ years. As long as you watch enough YT then it’s so worth it. Highly recommend

[@anantsharma8882]

@@JarradMorrow I second that brother

[@MattRud]

@@JarradMorrow Might as well make this the feedback thread Lol! Jarrad, no reason this video needs to be 16 minutes long!

[@mhodge0890]

Social security is not even going to exist for us millennials