I'm 71 With No Retirement!

[@TheRamseyShow]

Say goodbye to debt forever. Start Ramsey+ for free: bit.ly/3g11A2V

[@gabriela4229]

Is the whole plan available in Spanish? I thinking on a gift. Thanks

[@ytr8989]

It’s great advice.

[@jasona4853]

Why is this a big deal?? She needs to chill!

[@jasona4853]

@@gabriela4229 Dude. Go get a vocabulary book

[@williamerikburton]

Nothing is EVER Free In This Bab.. System Dave... You A Religious Man You Know This...😆

[@rustymertz]

Money doesn’t buy happiness, but being broke sure causes stress.

[@philc.9280]

Money buys me peace of mind as a newly retired couple starting to finally break into a large nest egg of decades of savings and investments.

[@JohnCritcher]

It may not buy happiness, but I’m sure it takes the sting out of being miserable.

[@beverlybalius9303]

Some people are used to it.

[@merc340sr]

Money can buy freedom I think...

[@pauliexcluded1]

Money absolutely does buy happiness. That isn't to say you can't have money and be unhappy....but that is all up to your decisions. You have the money to buy happiness but have instead opted to spend it on something else.

[@paulchidester7795]

He really didn’t have the advice that he usually has for others. This lady represents a segment that is huge part of our world. Bless her for calling.

[@roadrunner9622]

Yep. There aren't many options for this couple. Yet they're still better off than many, many people in the U.S.

[@LaughingblueSu]

​@roadrunner9622 I am in a similar situation. She has enough to pay off the house. They should be able to live off their combined social security checks. Then, any part time job can go to savings.

[@carlosramirez1801]

HEY, watch that , I cleaned toilets and honestly got paid for it. 😂 NOW seriously the reality for many of us oldsters is that those who while young were able to by into the American dreams of owning a house, cars, a family, eating out, partying expensive clothing; forgot to set aside some cash reserves and additional retirement plans for those same reasons their in now. - during those early years when we had the youth and vitality we never seriously took into consideration aging much less illness or life diminishing injuries or mental discapacity. In this skit I do agree that some of the suggestions were acceptable, but at their ages and limited knowledge of the real estate market, one suggestion would be to review their living status better - and possibly rent the house and live in the ground floor apartment rent free - if that were possible.. Review whatever else you own that s not being used and find Buyers for them. Or rent out the house and rent a small apartment. Because with the newfound large savings from the sale of the house, the couple might possibly continue to live according to how "it was then," and soon would end up broke and lose the co-op which is much more difficult to get rid of than the house. Also this couple is eligible for government assistance in the form of groceries assistance, electric companies give credits and lowered power bills. The first thing I would recommend is to gather ALL of their important personal papers, house title, Insurance, heating bills, electric bills, medical bills, BC, marriage certificate, ALL records: PHOTOGRAPH them, then go bright and early down to the nearest social services administration and ask for help - these fine knowledgeable employees will do what they can BUT most importantly, they are like a human "encyclopedia" - they will make many suggestions worth exploring. The most important steps are to go in search of help QUICKLY - not wait until you're caught between a rock and a hard place. Just sayin.' Be Blessed y'all 🙏 🙏 🙏

[@vaska1999]

​@@LaughingblueSu They can live much, MUCH more comfortably on their social security in Mexico or Costa Rica, Peru or Argentina, Thailand or the Philippines.

[@DeliverMeFromEvil-]

She may not have control over the finances. He won't sell the roadster. Condo is not the answer as the hoa fees keep going up.

[@DoTheDomThing]

This was hard to listen to. Everybody take notes.

[@rethinkcps2116]

DR should suggest older callers reach out to their local elder experts. Often called agency for older adults or similar. They are free gov. or nonprofit entities with lists of reources. This couple could check out senior rental communities, with income-based pricing. Some have dedicated shuttle buses & recreation like card groups, cornhole etc. The downside: some have long wait lists. No time like now to check these out.

[@NeyJ]

Terrifying. Thats all I can say

[@anniesshenanigans3815]

@@rethinkcps2116 most that are income based will not consider you if you have ANY cash from the sale of a home or savings in general. I imagine you could put it all in CD's or something, I do not know if they consider that.

[@MercedesAshleyOnline]

Taking notes..for sure

[@superblump87]

@@rethinkcps2116 Dave is against social programs (and higher taxes).

[@googleuser4428]

The "cleaning homes" at age 71 was heart breaking for me.

[@jerrylansbury9558]

She/ they chose to be in that position. No need to feel sorry for them !

[@nicholegallo1090]

@@jerrylansbury9558 stop.

[@jerrylansbury9558]

@@nicholegallo1090 Its true......if a person chooses not to put away money...... " save " its their own fault !

[@ImJidionDaddy]

@@jerrylansbury9558 sometimes people have different circumstances than others

[@jerrylansbury9558]

@@ImJidionDaddy Exactly.....thats why you plan for the future.......save money !

[@Eli-qr9hc]

It’s great to hear from a person that’s like us and not someone who clears 200k. Blessings to this caller

[@adobedobedo409]

lmao, like us are you making 2k a month and 71 years old. So you're claiming to be irresponsible?

[@Eli-qr9hc]

@@adobedobedo409 you completely missed my point. I stated it was good to hear from someone who didn’t make $200,000 a year and was just an average person make an average pay. Maybe you’re one of those people making $200,000 a year.

[@spankynater4242]

She's not like me, I'm doing OK with my retirement accounts.

[@kbanghart]

​@@spankynater4242would you like a participation award?

[@spankynater4242]

@@kbanghart You're not qualified to give out participation awards. I would ask you to send me cash, but we all know you're poor.

[@geraldt331]

My target retirement fund in my 401(k) had poor returns compared to the S&P 500. I switched everything to the S&P 500, but I regret not doing it earlier. What are the best options for investing $200k for reliable cash flow?

[@Jadechurch-ql3do]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

[@yeslahykcim]

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

[@lucaswilliams9992]

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

[@yeslahykcim]

Credits goes to "Mary Elizabeth Fugelsang" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@brianwhitehawker1756]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

[@LtEdPell]

Finally Dave took a call from someone worried about their retirement who didn't have a $95K pension, $750K in an IRA, $500 in savings and an spinster aunt who was about to will them 1.5 million and an estate. Made the old boy sit and think for a few. Welcome to the real world, Dave.

[@TJones-gj2fi]

🤣

[@gerson-v-w5b]

Well he helps people by teaching them how to use their resources. So for someone thats struggling financially and broke of course requires some thinking to be able to help them.

[@Cyber_Guy2]

This show has received calls before where the scenarios are really complicated. Not all calls Dave has received are easy to handle.

[@rayb3000]

The roadster is gone. I am god. I just made it disappear. I am Dave.

[@JT3446]

If you don’t save a penny for 71 years it’s on you big facts

[@matth.9468]

I admire the caller. It took courage for her to call, and I think she's going to get through this.

[@tennesseetruckgirl8591]

Yes, I pray she does. Bless her heart, still working hard at 70, when she should be enjoying her days and being with grand children.

[@JimHerman-o3q]

Admire someone that 70 years old and no savings ??? Birds of a feather flock together ! Id a disgrace !

[@tennesseetruckgirl8591]

@@JimHerman-o3q May God give you peace and a heart of understanding hardship.

[@kipincharge2833]

😅you people are insane ; life expectancy in the USA is now 76🙈🙉🙊🤣take a break good serfs😀

[@toddsalkowski448]

@@JimHerman-o3q There's a lot more people like her than you can imagine.

[@rjii3264]

The biggest misconception that most young people have is that they won’t get old.

[@liberator9248]

Agree…I just talk to a 21 years old.soo yes I agree

[@mel3165]

I'm turning 25 in a couple months and i'm beginning to see clear as day that youth is vanity!!!

[@texan903]

The problem is, most of us don't know if we will get old.

[@xcen1]

@@mel3165 no youth is still good for doing things you can't do at age 71. You can go whitewater rafting when you're younger etc...

[@markwhittaker6866]

PREACH! That should be on a T-shirt.

[@xxdomixx1085]

I cannot talk about the emotional level, but my aunt and uncle were in a similar situation about 10 years ago. They sold their house and bought a 400 sqft condo in a 6 story block in the same town they already lived. They had to give up much, I know, but they are debt free now. And on top I think that they are happy.

[@mrs8792]

Yep. I am 59 and getting rid of stuff I’ve accumulated and never used. We are downsizing, happily and hope to retire.

[@jcee2259]

I have a home and do all the chores to keep me happy. Diet plan took me from 5X to XL and walk everywhere. This week I'm renewing my cave climbing equipment. Done every 5 years to avoid accidents.

[@yaboijuan4052]

That house saved them. Imagine if they were paying rent 😔

[@John3.36]

Not true. They still owe 350 a month. The Bank owns it.

[@yoopally4136]

@@John3.36 cant find a house to rent less than 1k. Even in poorest area

[@John3.36]

@@yoopally4136 Depends on where you live.

[@Brararaf101]

in some states like nj taxes maintenence is just as pricey as rent

[@bigidiot123]

@@John3.36 $350 is basically nothing. I couldn't rent even a small house around where I live for less than $1,500/mo.

[@truckermil1717]

Man this was a scary call just thinking that lady is cleaning homes in her 70s

[@adelea414]

Yeah its really sad

[@markwhittaker6866]

@@adelea414 Very.

[@jamlane]

It makes you wonder how they got to this point. I'm sure it was a lot of bad decisions but they probably had some curve balls thrown at them too. That's life though.

[@JorgeMartinez-ez1jl]

@@jamlane they mentioned health issues so yes, probably medical expenses. I wish them the best.

[@MrFunkadeIic]

@@jamlane I have heard older people at my job say that when they grew up, they didn't know much about 401Ks and Roth IRAs and all that stuff. They relied heavily on Social Security for retirement. That's why it is important to invest in all those options at a younger age, because Social Security is not a saving grace

[@lagarde2011]

One of the best calls ever on this show. It's a wake-up call for people who aren't paying attention to their retirement planning. I wonder how this couple is doing now, almost two years later.

[@joycemitchell2092]

I am wondering the same thing 🤔

[@gmjsomeone54]

Hopefully dead. Unfortunately

[@annettebrunner5993]

These people are not broke.

[@jamescalifornia2964]

Remember, they have over 200K equity in their home ... 🏡

[@ethanprice5972]

@@jamescalifornia2964 But what exactly does that help? If they sell their home, in the current market, they'd be able to afford probably half the home they have now. Unless they want to go live in trailer, they have to keep that $200k asset.

[@philipfletch]

People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?

[@RoseGuerra7862]

Not offering any particular advice, but I can assure you that most stocks still have growth potential. Re-distributing is not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.

[@martinheaway]

True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.

[@JaneClark7861]

You seem to know the market better than we do, so that makes great sense. Who is the guide?

[@martinheaway]

Amy Desiree Irish is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@martinheaway]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@pattysanchez8234]

My heart goes out to her and her husband. Nobody wants to be in this predicament. I just turned 25 and I’m paving the way for myself to be financially stable/responsible

[@Heritagepostfarms]

Why do you feel bad? They did it to themselves. Years and years of wasting money

[@Helibeaver]

Don't feel bad for one minute. They live in a 250 grand house. Bad decisions got them here.....in Oklahoma

[@thomashaas5965]

Dude I work at a phone store for one of the most popular carriers. What convinced me that I needed to live a different way was seeing people in their 70s walk in to the store begging for an extension on paying their bill because they don't have it right now. My heart truly went out to them, it really did, but at that moment I realized that I want to make sure that I'm not having to do that same thing when I'M 70-something.

[@peartfaldo]

@@thomashaas5965 Life goes fast people. You wake up one day and you're 70?????????? BTW. My phone bill is $14/month. Spectrum

[@pattysanchez8234]

@@thomashaas5965 exactly! You get what I’m trying to say

[@paulzy5192]

Dave's long silence was deep. I have never seen him do that.

[@ivanvillalobos7734]

Her eyes blew up at 0:30

[@Simon-je7ko]

Two poke eggs. LOL. It was like a suspense movie. Then he asked another question just like Colombo. LOL

[@scorpion777silvermoon3]

and judgemental too. I was scared of what he would say.. He said it. But once again sooooo right.

[@TheEllaTB]

Yeah! I've never seen Dave speechless 😳

[@goldenglowladore3842]

Dave Ramsey, thank you for seeking the Lord and waiting for His wise counsel!

[@jimhandler1129]

We don't spend money. We just eat out. Do people realize that eating out is AT LEAST twice as expensive than preparing your own meals.

[@parker10551]

Depends on what you are cooking.. lol

[@angelalaskodi3459]

Not necessarily. I actually save money by eating out. Because I eat healthy, organic only, to prepare a home meal is expensive.

[@patty109109]

@@angelalaskodi3459 Angela I’m sorry that’s just nonsense. You aren’t saving money by eating the same food yet having somebody else prep it.

[@jimroscovius]

@@angelalaskodi3459 No way is it cheaper than buying food and cooking it.

[@Reptitude]

@@patty109109 well maybe her organic eating out is simply grazing next to the cattle.

[@DorathyJoy]

My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?

[@sharonwinson-m8g]

target date funds made me a multimillionaire but i also watched them drop 40% in a very short time and take a long time to recover. my best suggestion is that you seek the guidance of a fiduciary to avoid mistakes

[@RaymondKeen.]

Agreed, when it comes to retirement planning, following the steps of a well experienced advisor did the trick for me in barely 5 years, turned my $500k capital to 5 figure monthly dividends. If you want to keep it very safe, then Vanguard TDF may be for you.

[@SandraDave.]

bravo! mind if I look up your advisor please? only invest in my 401k through my employer as of now, but enthused about investing for my eventual retirement

[@RaymondKeen.]

There are definitely a few professionals who really know what they're doing. I've tried several over the years, but for the past five years, I've been working with Sophia Maurine Lanting, and her results have been nothing short of amazing.

[@BellamyGriffin19]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@DesignedByTaz]

As someone that has parents in their 70’s and in the exact same situation minus the additional income, it takes a toll on your entire family. Do not let it get to this point! Sacrifice now while you can so you can relax when you’re older!!!

[@jasonpetersen7986]

Taylor: That is wonderful advice. I have family members in a similar situation.

[@kellynorvell5714]

True words of wisdom 😇

[@buildingwithtrees2258]

Same! Watching my parents, grandparents, and in laws be a prisoner to poor is an eye opener. Also watched my Uncle in law make good decisions and retire early and live a care free life. I choose to put 20% of my income into retirement.

[@monicaculpepper3228]

Completely agree! Variance in our situation is my parents house ISNT paid off. Constantly month by month.

[@markwhittaker6866]

Exactly.

[@FrankS111]

This is why you start saving and investing at a VERY young age. To not wake up in your 60s and 70s and realize you can never retire.

[@thomashaas5965]

I work at a phone store for one of the most popular carriers. What convinced me that I needed to live a different way was seeing people in their 70s walk in to the store begging for an extension on paying their bill because they don't have it right now. My heart truly went out to them, it really did, but at that moment I realized that I want to make sure that I'm not having to do that same thing when I'M 70-something.

[@channell11]

I hate hearing elderly people talking about being on a "fixed income". In my mind you work all your life so you can do what you want and never have to worry about anything when you're old.

[@thomashaas5965]

@@channell11 I always say "yeah...and your bills are fixed and hopefully you signed up for bills that amount to less than your income. So...what's your point?"

[@Kharmatos13]

@@slambig the younger the better. got a paper route at 13? start then. take half your little bit of money and buy the SPY, start compounding.

[@gold9ja]

👏🏾👏🏾👏🏾💯👍🏾

[@philipgeraci9253]

You never want to be the person that makes Dave pause and think. lol. That tells you that you are in actual deep doo doo.

[@stewbugz5213]

Oh my I know. I was sick to my stomach listening to that long pause!

[@thomashaas5965]

Oh my God...any connection to Peter Francis Geraci? A well-known bankruptcy attorney here in Milwaukee?

[@9liveslisa]

That's what I was thinking as Dave was silent and pondering over this call.

[@tortoisehead30]

That was a long pause!

[@cowgoesmoo9981]

But he found a way to get out of it. Multiple ways actually. Dave always knows how to get out of situations like this. It ain’t always pretty, but it works. Also they REALLY have a roadster in a situation like this? Why?

[@sarawilliam696]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[@brucemichelle5689.]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@foden700]

Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.

[@PatrickFitzgerald-cx6io]

This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?

[@foden700]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@PatrickFitzgerald-cx6io]

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

[@lauragreaser3461]

God Bless this woman. My heart goes out to her. Housework is hard work. I pray things work out for her and her husband.

[@swannyriver75]

This is one of my biggest fears getting old being terribly sick or having no money saved

[@MaryDavidson911]

No offense, but if it is your biggest fear then I assume you are actively working to thwart it?

[@atimnile2401]

Not a bad thing to fear; Good health is our greatest asset; further greater than Money. Starting by leading a healthy lifestyle; watch everyday you eat; stay Away from too much processed Food; Sodas & all that junk that brings in excessive weight gain & cholesterol that leads to more cardiac distress especially as we get older; 40s, 50s, 60s & so on. Exercise is under-rated but it usually keeps our health in check!!! When you have got health ; then all You can focus on are your financial priorities; working/saving Up & investing. It’s not all easy said & done ✅ b’cause Life just comes @ us like an earthquake sometimes; but you can do it!!!

[@mrs.g2147]

I agree, medical bills will wipe you out!

[@Vandicoup]

And dying. I fear death too. I know it's inevitable, but still... T__T

[@mrs.g2147]

@@Vandicoup Do you have a relationship with God? If not please read John 3:16 If you do have a relationship with him read Psalm 23:4,5.

[@jonathangoldfuss15]

Man, you know it’s a tough situation when Dave has to pause for a few moments and think about what to do.

[@Kerrviii]

He took time to think about it and explain with grace.

[@noreenn6976]

That's the longest pause I have ever saw him take. Sure hope they didn't buy a condo.

[@vickylarue]

I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@Godwinkeneth]

That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

[@shirelylinero]

Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks

[@Godwinkeneth]

“NICOLE ANASTASIA PLUMLEE’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@shirelylinero]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@smoothkk1]

I appreciate how clear and concise she is.. I wish them both good health and a fix to their financial situation

[@DisabilityExams]

If wishes were horses then beggars would ride

[@tioswift3676]

@@DisabilityExams ...

[@frankvonfrauner]

So clear and concise because she's reading a script.

[@remmymalone6700]

They've not planned their lives well at all .. it's sad. At 71, you're meant to have retired already.

[@fraserletkeman5040]

@@remmymalone6700 agreed. I kinda wish she went into detail on how this happened. Everyone has a story. I have a friend that made a good living but because of a kid that was addicted to drugs, stole money borrowed money, was enabled and sent to numerous very expensive clinics the parents are in rough shape financially. Sad but sometimes time moves faster then we’d like.

[@pablov9934]

This call broke my heart that lady seemed so sweet, it's easy to criticize other people when you don't know their life story, life is so chaotic that even after planning all out it all can fall apart due to an unexpected event, I pray that elderly couple finds some peace and rest in their sunset years.

[@lululemonbar9110]

Beautiful comment! I agree!

[@woodyglendell7400]

Time and unforeseen circumstance befall us all.

[@pamwilliams6630]

Thank God they had saved the 25K. Many don't even have that....

[@CoCo-yv3hl]

Exactly true everyone bashing them with their glorified savings regimen I bet wouldn’t know what to do if something happened

[@thomasreedy4751]

They have a roadster and 250k house. I don’t think their life was that Chaotic. They bled money.

[@NoMoreTears64]

I feel for this couple. Im 64 and retired at 62. I really dont have much saved at all and am a renter, but thankfully I have no other debts. Would I retire later? No. Not knowing what I know now. My ex passed away 6 months before I retired and my 29 year old son passed away 2 months ago. My mother died at 65 and my father died at 73. It is a myth that we have to save a billion dollars for "some day". Would I like to have more money? Yes, I DO worry a little bit about being able to keep up with rent especially when the high cost of Medicare premiums hit me next year. But being on the struggle bus the rest of my years will NEVER outway the wonderful times I was able to spend the last year with my son and grandkids. Life is so short. Too short for some of us. Dont spend it waiting for the elusive "pot of gold perfect time" to retire.

[@Jakkaribik1]

If you have more than you need a House you can sell it at a good Price sure it is sad to sell family things but it will keep the Family in Heaven if you belive in that happy that you have less worries. Then Get a Smaller Place or Car.

[@greekmom]

The average social security check is $1827 a month. The worst part is 22% of Americans have less than $5k saved for retirement. Start investing now! Nobody is coming to save you

[@Mitch10bands]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@Marianela-r3v]

keep contributing! I'd suggest you consider financial advisory at this point in time, remember you are in for the long haul

[@TylerofSc004]

I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has just 5X in barely 5 years, summing up nearly $1m after subsequent investments to date.

[@Suntz_u]

bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@TylerofSc004]

Kristin Amber Landis has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@peanutoreo8052]

When I hear calls like this, I stop and thank God for all the blessings he has given me. I didn’t earn it, it is a gracious gift.

[@user-eh8yz6ko3t]

Spoken like a true narcissist

[@Tessy29k]

@@user-eh8yz6ko3t I thought so too!

[@raymondblack524]

I'm not gonna go so far as to call you a narcissist. However, your money is due to your decisions. The money you have didnt fall from the sky, it was by you.

[@johnmwalker8309]

Sure he’s given you blessings, it’s just puzzling why he gives other malaria, cancer, famine, poverty… a loving God, right?

[@user-eh8yz6ko3t]

@@johnmwalker8309 Oh those pawns are just there to teach the designated special creatures like him a lesson

[@bebop504]

Why are people saying they should move to another state? They live in Oklahoma! It doesn't really get much cheaper than that!

[@sharonfleshman6961]

If they live in the city, moving out aways while downsizing their house to another house (without HOAs) would help.

[@340rps]

Plus they can't afford to move.

[@bestbargainfashion5575]

It's never a good thing to move people in their 70s anywhere.

[@Hugh_Manitee]

Sure dont want to live in an apartment or mobile home park. Those rents and lot fees always go up, and up, and up.

[@YeshuaKingMessiah]

Deep South might be cheaper but no state near a metro area

[@crmcbrideww]

This is helpful for a 71-year-old but even more helpful for a 31-year-old.

[@sydney2141]

31 and completely agree!

[@smittyvidz25fire84]

Exactly and Dave would give different advice to a 31 one year old. Truth is she can not work 40-60 hours a week. And at her age the odds of her becoming very wealthy are very very slim. So the advice he’d giving her is help the rest of her days out with as little stress as possible

[@randymillhouse791]

At 31 they will NOT pay any attention to this. They are invincible and will live forever at that age. No worries at all generally speaking.

[@mknawabi]

@@randymillhouse791 I’d say there are a lot of 31 year olds starting families and paying attention…

[@randymillhouse791]

@@mknawabi If they are starting families then they are not paying attention. I never had kids and, no, that wasn't a court order. 🤣

[@StevenDonald2]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@JamesWilliam8]

I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

[@jadenshah]

Put it all into s&p 500 or if you want to do more of a dollar cost average then you should put it into a high dividend paying ETF like mint and then buy in a certain amount per month leaving yourself around an 18 month window before you're all in. If the market drops then you can buy in more during that time.

[@deborahhymer9315]

The condo will have monthly hoa fees that are crazy and keep going up.

[@Doc_whiskey]

Buy ETF like VUG or VOO. It’s easy and safe and will make you good money

[@user-hl6ub4gf9u]

Watching this at 19 years old really puts this stuff into perspective for me. I hope this elderly couple is doing okay now :(

[@amara1954]

Start saving now even only a little out of each paycheck and don’t touch it til retirement. Wish I had done that at 19.

[@dmpi483]

Watch it carefully.... hundreds of thousands of seniors are in these shoes. Thank God you can get a job if you want one.

[@satyagirl1797]

And here is me, living in Europe figuring out how to "go retired" before I am 50....I can't belive how tough is living in US

[@crimsonhawk4912]

Buckle up kid, it's going to be a bumpy ride 🤣🤣🤣

[@cjhoward409]

@@amara1954 Me too. But I got out of all debt in my early 40’s. No mortgage, no credit cards, no any debt !!! 👍🏻😂

[@amandadean3948]

At one point Dave looked concerned, sad and perplexed...that’s rare. Watching this just made me change my mind about a big purchase I was debating. That money will now be going into my investment account.

[@waterheaterservices]

Excellent

[@kabothabana2969]

Good going,nice move.all the best

[@reneehenderson4818]

Glad you did yourself that favor. As you heard here, there will come a day, that we just can't work anymore. You want to be prepared with enough cash and to get you by and make due if that day should come.

[@markwhittaker6866]

@@waterheaterservices Agreed.

[@markwhittaker6866]

Smart move.

[@tomjeff1743]

Despite her situation she is very articulate and concise indicating a good mind and conscientiousness

[@0hub1ot]

I currently have a good amount in savings and checking accounts. I have zero debt. I have a 401K at work, but there's not much in it yet. I opened a Roth IRA last year, I have no idea what I'm doing and need help on what to do and how I can invest some of my savings or checking. Should I hire a financial advisor? I really lack basic education on how to invest and what in. I feel I need a lot of guidance. I have no idea what's good or bad advice.

[@liammason3137]

I did for the majority of my portfolio. Aside from the fact that I don’t have the time or energy to actively manage my money, they also provide me with extras like creating a will, creating different types of accounts, handling my taxes, insurance advice and procurement, etc. For me it was worth it.

[@0hub1ot]

when you say majority of your portfolio I assume that you can compare your returns with or without an advisor, which is preferable ?

[@liammason3137]

Yea I have some fun money in RH but the big majority is managed by Nancy Magaret Delony. I have scaled to 1.7 in investments and find that she is indeed worth the cost to have in my corner. I think in a bear market she is good at beating the market; in a bull market she lags a bit. But that's the point, I think.

[@liammason3137]

Look her up, Nancy Magaret Delony. She has a large following and is easily found online.

[@maxwelljohn1545]

As a retired advisor I’d say this, if you have the knowledge, the time, the risk tolerance and the ability to do good DD (due diligence) than heck no, you don't, but if even 1 of those needs is an issue for you, get an advisor, any cost associated with an advisor is far less than 1-2 bad decisions if you’re wrong on a stock or fund

[@bigcahuna42366]

At least she had the courage to admit she was in a bad financial position. Sadly this situation is probably "normal" in America, but most who will be headed in that direction when they reach 70 don't want to seek help or do anything to fix it.

[@breakingben9575]

I'm trying to avoid it but everyone keeps bashing me for it and criticizing me for it they call me stingy and money-hungry in my church for want to do this. been in the church for 26 years now I'm 26 years old btw and have been the same thing since I was a kid.

[@Kojow7]

@@breakingben9575 It is important to consider other people's perspectives as well and find out if maybe you are stingy or money-hungry. As long as your focus is on God and not on money or future security in money you are probably doing the proper thing. If you in debt you do need to be a bit stingy and change your habits of not going anymore into debt at all. If you have no debt, but not a lot of retirement you do need to relax a bit and not be so stingy. :) If you are doing all the right things financially but still not able to make ends meet, you need to either find a better paying job asap or take on a second job. Of course I am just generalizing here and do not know your situation. You may also be in an unhealthy church that is not focussed on what the Bible says, so you also want to check into that as well. And it might be useful to run a financial seminar there as well.

[@breakingben9575]

@@Kojow7 I am in dept and don't make much money.

[@Kojow7]

@@breakingben9575 So you need to figure out what has been putting you in debt and change that immediately. If you do not make much money you need to start looking for a much higher paying job today.

[@breakingben9575]

@@Kojow7 this includes my parents. I have 20000 my parents have over 100000 as far as I know. They don't pay the student loans back.

[@stevensmiddlemass2072]

Currently working overseas but will return to my home country in the near future. I'm a landlord. I invested in property at the age of 22. Value has soared and renting out. Will live on the rental income I receive and live with my aging parents for the time being. At 60 I can withdrawal from my superannuation (401(k)). Have savings and eligible for the Australian pension at 63. In the future I may downsize, sell the property and buy cheaper property and add the left over money from the sale to savings. Lots of options for me. The way I see it if you have $1m at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...

[@mssmateus]

If I were in that situation and it was possible to receive some salary in dollar in pension or retirement while abroad, I would move to a Latin America country. She could live very well here in Brazil with 2 thousand dollars per month, best than most Brazilians. Better than work until 90s.

[@reformukisthefuture]

Great landlord surviving off the back those less fortunate than you

[@HipixOFFICIAL]

Landlord 😂

[@malinwj1167]

Show off

[@Fanta....]

@@reformukisthefuture quit your whining.

[@charlesscottkelly]

When your fighting all your life to pay bills every week its hard to save.

[@antwanthorogood4921]

There’s gotta be a level of scale back

[@gloriascott6491]

Retirement can be boring, unless you can afford to travel, It is hard to stop working.

[@Lesrevesdhiver]

No kidding. All this talk about stocks and bonds and 401K etc, meanwhile Joe Average is juggling utilities and grocery bills. Just where is this magic money going to come from for the luxury of investments?

[@Sunflower-Lover]

​@@Lesrevesdhiver stop all unnecessary spending. It's there, you have to decide what you're willing to give up.

[@Lesrevesdhiver]

@@gloriascott6491 I am not retired but been out of work for four months and yeah, one can do the same things only so many times.

[@CharleyHull-dn6nh]

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

[@fawnriverpuppyservices76]

Explore the option of engaging financial advisors, estate planners, or tax experts. Their specialized expertise can assist you in navigating intricate financial decisions.

[@DonatellaVersace44]

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

[@WilliamsTyler5]

Pls can you leave the info of your Financial advisor here, I am really in need of one.

[@DonatellaVersace44]

She goes by ‘Melissa Jean Talingdan’.’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@WilliamsTyler5]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@teresacastle4789]

Dave forgot to ask her how much the monthly payment is on their home. For 70-year-olds, if they've had the home a while, it may be LESS than what the HOA fees are for a $100K condo. She tried to tell him that, but he cut her off. Also, with a condo, the HOA fees will keep going up, while fixed mortgage payments don't (though taxes do). Not to mention that condos can suddenly increase assessment fees (separate from HOA fees) for things like a new roof, which could really bust these folks' budget. At 70, she's better off staying in her home. The rest of his advice was solid.

[@1981lashlarue]

I live in a condo and I haven't experienced that. My condo dues have gone up once in the seven or so years I've lived her (it increased about $15-20/mo) and we've never had a special assessment. The benefit you're overlooking is not having to worry about things like lawn care, trash pickup, snow removal, putting on a new roof, etc. That's a tremendous benefit, especially for someone their age and in their predicament.

[@WoodlandDance]

@@1981lashlarue My condo fees went from 198.00 a month in 2012 to 380.00 a month starting 2024. We've had a 5,000 emergency special assessment once in that time (for sewer work). You're lucky yours hasn't gone up (mine is a little condo built in 1975). I'm on the Board, so I know nothing in the fees are being wasted.

[@1981lashlarue]

@@WoodlandDance That is a hefty increase. I moved in in 2015 and they were $180. They just went up for I think the second time or so and are now $240. We haven't had a special assessment since I've been here. Why did yours go up so much at once?

[@Morrighanangel84]

Go somewhere similar with no hoa

[@bootsiekeegan4401]

Exactly my mortgage pmts are $700 month plus utilities no way could i afford apts or homes for rent in my area!!! I took on a tenant in my house to help me after job loss covid & 2 breast cancer surgeries! I have a dog a yard a house i hate apt living and condo 😢😮 so i do the best i can with a bad situation. Why do they need to go into a condo? He did NOT ask what mortgage pmts are conpared to condo pmts

[@kara2162]

So heart wrenching - counting pennies at 70.

[@Columbus1152]

Because maybe they didn't count pennies at 50 or 60

[@kara2162]

@@Columbus1152 or even 20 and 30..

[@Mike-qc8xd]

this is the future for all of us.

[@Columbus1152]

@@Mike-qc8xd Doesn't have to be

[@channell11]

@@Columbus1152 Exactly. Some advance planning early in life means you're stacking money and living large in retirement. If you've done things like pay off all your debts (including mortgage) when young, you can live very well.

[@captainz454]

I’m 30 and this is everyone’s nightmare. It’s INCREDIBLE how little decisions in your youth become a big snow ball when you are old and at that point in your life. Life becomes so narrow that you have no other choice than to face all of your bad decisions. That is why discipline makes you make sacrifices in your life for the better of your future.

[@markusParkus233]

It's not that hard. Just buy a house in 1998.

[@2010drive]

@@markusParkus233 and in 2050 people will be saying should've bought a house in 2024...

[@RubyShelton-nf4mb]

I started saving late in my mid 40's mainly just in case I got old. Well I got old. If I had it to do again I would waste less when I was younger and invest more early on to take advantage of compounding. I think I'm ok but I don't take it for granted I still live on a budget.

[@patriciasalem3606]

It's not all bad decisions that lead to these situations. I worked hard, had a six-figure job, savings, retirement/investment accounts, and equity in my house. That got wiped out in the 2008 recession when I was in my late 40s. No discipline in the world would have changed that.

[@2010drive]

@@patriciasalem3606 discipline of not withdrawing from your investments during a recession would have changed that.

[@carlaharris4879]

Its sad that a 71 year old sweet lady can't eat out 😢and she's cleaning other people's home's, only in America!! Sending her lots of prayers and hugs 🫂 🙏🏽🙏🏽🙏🏽

[@YeshuaKingMessiah]

Many many her age are wkg as in-home aides instead

[@rodger7029]

😂😂😂😂😂

[@eleo_b]

I feel like eating out is much more of a common thing to do in the US than where I live. Not eating in restaurants wouldn't seem like such a big sacrifice here.

[@YeshuaKingMessiah]

@@eleo_b it’s not in the US either lol Many don’t. Completely unaffordable. And the foods getting worse here, store or eating out. What is being done to our food is horrible!

[@albertop0000]

Only in America? This has to be a joke.

[@GolfDuff]

This is why saving for retirement is important.

[@greenearthblueskies8556]

@Anthony Harris 👍🏽 ...shelter is the biggest expense

[@deepfakesforreal9487]

they are still buying fancy cars (11k in debt), have some fancy thing at home worth 10k (i don't even know what that thing is) and they do eat out! Maybe they are enjoying the stress!

[@closingdealz]

Thats why getting rich asf is important

[@cryptojonny6837]

Retirement is no guarantee some ppl just build different streams of income instead. However if you feel you can live long enough for retirement go for it.

[@CoCo-yv3hl]

They did it’s NOT enough

[@BrunoLuke]

Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌

[@DavidAntony-gq7id]

Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figures in 3 months, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement

[@BrunoLuke]

@@DavidAntony-gq7id lookup KRISTIN GAIL CUNNINGHAM , this is her name online, she's the real investment prodigy since the crash and has helped me recover my loses

[@DavidAntony-gq7id]

@@BrunoLuke Despite the economic crisis and the rate of unemployment now is the best time to invest

[@BrunoLuke]

@@DavidAntony-gq7id Investment now will be wise but the truth is investing on your own will be high risk. I think it will be best to get a professional👌

[@DavidAntony-gq7id]

@@BrunoLuke Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.

[@FeelMyTruth]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

[@PotBellyPete69]

It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.

[@AddilynTuffin]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@judynewsom1902]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.

[@AddilynTuffin]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@gregorywhem]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@CindyMcGuirk]

I really like the advice they gave this lady. It's solid, in my opinion. I would like to point out, however, that there is nothing wrong with being a maid. He said it in kind of a negative way, I feel. It's honest work. I respect a lady who does honest work.

[@tahitiantreatskeetjuice5587]

he didnt say it was bad. he said it was too phsycially demanding for her age- and he's correct

[@sunchips5]

@@tahitiantreatskeetjuice5587 Correct. He was quite respectful about it.

[@NAGaming513]

It is also a pretty poor job to hold, so while it's honest work, it is pretty bad. In the end $24000 a year doesn't cut it in almost any place.

[@smittyvidz25fire84]

He said it negatively because she 70 years old cleaning home. It isn’t something that easy on the body

[@sallygomez8799]

He did not say it negatively, he simply said it is hard work but you can make good money.

[@freedom8154]

My father served 24 years in the US Navy (Retired) and my mother worked much of that time while raising us 4 kids. My father passed away in 2021 and the Fed Government took back that months retirement from my mothers bank account. No more retirement $ for my mother. Like this caller, she lives off social security. I provide her with a house which is mine that I'm paying. I'm also paying all utilities. All she has to pay is her medial care and food. As a veteran myself, I am ASHAMED of our military for how they treat veterans and their families.

[@quantumtechcrypto7080]

Just wait. The marxists are replacing American's with new citizenry. Folks that hate or dont care about our constitution or history are the new people of democracy as a our republic is dissolved.

[@MNcoquicoqui]

Exactly what happened to my grandmother. She told me she had to fight with veterans administration for her to keep 50% of the benefits. I think anyone entering a relationship with someone who is serving or who is a veteran should be aware that those benefits are OVER the moment the person who served dies.

[@muniondalenewyurk6777]

@@MNcoquicoquiwow! I’m an Army Veteran and didn’t know that retired veterans pension ends for their spouse when they pass away! That’s horrible to fathom, especially after that retiree served for 2 decades or more! In the private sector the spouse of the deceased gets their pension payments. So sad to find this out. I wonder if my brother who is a retired veteran is aware of this? 🤔

[@MNcoquicoqui]

@muniondalenewyurk6777 ITS awful. My grandmother had to jump through hoops just to fight for some benefits. She only had enough money to pay the light, water and food AND THATS IT. Nothing luxurious. No traveling. NOTHING. JUST BARE ESSENTIALS. EXTREMELY BARE. My grandfather was a Korean War vet.

[@rayj.9568]

I'm retired military as well, 24 years also. Apparently, your grandfather didn't sign up for the Survivor's Benefit. Upon retiring from the military, the personnel office offers this to the retiree. The retiree agrees to have an amount (less than 10%) withdrawn from his retirement to fund the Survivor's Benefit. When the service member dies, the surviving spouses will receive half of the retirement that the military retiree was receiving.

[@kellynorvell5714]

Nobody knows which way the wind will blow. A few of my former co-workers had impressive 401k balances but some passed away before 65 years old and never got to enjoy everything they worked hard for. Do the best you can with the time God has given you. 🙏

[@cryptojonny6837]

Yea that's the thing you grind hard for many years in hopes for that good retirement. However theres no guarantee if you will make it and some ppl won't take that chance.

[@wizardofahhhhhhz]

Most of us will make it to the age of 65 though, so we need to plan accordingly.

[@canyonblue737-8]

most will make it, AND need it... there is no choice, you have to save for retirement. if fate has it something happens to me than the money will be there for my wife and more importantly for my kids. someone will benefit that I love.

[@marcopiscina4848]

Precisely why I started collecting at age 62. It got me out of debt, and got me some breathing room. I too have unfortunately seen many of my coworkers pass away in their 50's. In addition to collecting SS, I picked up a part time job. ✌

[@YeshuaKingMessiah]

@@marcopiscina4848u can work n still get SS?

[@elizabetha8565]

I'd love to hire an elderly woman like this to watch my kids. I bet it would be easier than cleaning and they could learn so much from each other. I bet many other moms would like the idea...

[@rosaliemarie4620]

Depending on the children, age, sids risk, childs health and if it is highly active.

[@leisurelysam5412]

You are nice pretty and respectful

[@dianac6250]

My mom says cleaning is easier than watching children

[@peanutoreo8052]

@@dianac6250 I have to agree, but some kids are easier than others.

[@suen5006]

Omg watching kids is way harder than cleaning!! Of course it depends on the kids.

[@Mitzi73]

Here’s the thing: “You’re not going to see the inside of a restaurant unless you work there.” -- Dave Ramsey

[@stewbugz5213]

Words to live by!

[@dodieodie498]

Rice, beans, and homegrown vegie time. Streeeeeeetch that budget.

[@waterheaterservices]

The American Restaurant Owners Association wants to know Dave's location.

[@gb8518]

@@waterheaterservices 🤣

[@eddyvideostar]

@@waterheaterservices Why?

[@Tcpix02]

My mother's had her condo paid off and her Hoa fees just went up making it really challenging for her financially. Condos can be a nightmare too.

[@genacunningham1731]

yes...and Dave just mowed right over what she was trying to say about HOA fees....! sheesh!

[@MultiSUNFLOWER18]

And not only HOA fees but assessments. My mom lives in a condo and the amount assessment fees she has paid over the yers she could have bought a house.

[@anlu3365]

Yessssss. They should pay the house off and then the car and be done.

[@webcomment8895]

@@genacunningham1731 Not every condo has high fees and assessments. You have to do your research on the HOA and buy into a lower end development with minimal amenities (keeps maintenance costs lower) and well run management. You can look into the HOA budgets before committing to purchase. Lower cost of living areas are more likely to have affordable condos with low maintenance costs. That’s why he was recommending places like Oklahoma City.

[@famicomnintendo]

So send her money, it's your mother

[@accenttunebyellie]

She should just sell everything, keep one car and buy a tiny house, move to a community with others living like them and live out their retirements. She deserves it and it can benefit the husband as well.

[@chrishart8548]

They Don't want to admit how poor they are.

[@zachariahtitus1210]

Wow! You are absolutely right. Plain and simple.

[@terramarini6880]

Said that at the beginning of her story, sell the house and all unnecessary encumbrances (like a roadster), pay off debt, buy smaller place (don't rent) and live modestly. This is doable. There won't be much of the retirement activities they imagined but could be worse.

[@tylerswing921]

They are not that bad off, whats the big deal. They have like pretty low debt. Get rid of the cars buy something super cheap. Sell the house. Enjoy the next 20 years before u die

[@jessicagrecco5813]

Tell us we’re is affordable no place for seniors

[@lepadus7926]

Financial stress can be so debilitating. Unbelievable how hard life can be

[@CaptainQueue]

I get the feeling the kindly elderly person was not saying how they overspent way beyond their means for decades. They are facing a painful financial pinch, which is not the same as financial devastation.

[@sophiamiller2682]

Start saving for retirement early, so your money has more time to grow.

[@miaharper346]

Understand your options when it comes to retirement savings accounts and investments.

[@georgeharold3317]

Calculate your net worth on a regular basis to see if you're on track for retirement. Work with a financial professional if you need help or advice.

[@ellajackson34]

Who are you working with ? Been trying to get my feet on it.

[@georgeharold3317]

TAMARA DIANE HAGAN does a good job for me. Look her up on the web.

[@ramonlopez9687]

Thank you. found her profile and will be sending a message.

[@Armstrong741]

I'm a 48-year-old doctor feeling burnt out and have never invested in a retirement portfolio due to fears of economic collapse. Planning to retire soon, I'm curious: If you had $100k to invest safely in stocks over 4-5 years, how would you start?

[@Theresaa12]

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

[@RickWatson-xu6gw]

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

[@Debbie.Burton]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

[@RickWatson-xu6gw]

That would be *Sharon Lynne Hart* You should look her up. I say, to be honest I almost didn't think I should have, but I'm glad I decided to let someone handle growing my finances.

[@BenTodd-fl8nv]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@case6803]

I would pay off the house first. It would be gut wrenching to pay off the other debt and then end up losing the house but if the house is paid off then it’s not that much of a big deal losing the other things. A house is a huge asset which they already have about 90% equity in. Just pay the small amount left and deal with the other debt after.

[@imveryhungry112]

I agree man that house is gonna be the cornerstone of their retirement

[@acm1288]

Agreed. Sell the roadster. Pay off the house. Use the monthly mortgage money to start paying off the car. If you lose the car it’s not that big of a deal.

[@baxakk7374]

Don't the cars have higher interest on them? Anyway, I would pay off the one with the higher rate and pay of the rest slowly. They were also stupid buying a car with $11k loan.

[@kennethboehnen271]

@@baxakk7374 she wants focus on the house because it's their life support and their earning potential is in jeopardy.

[@michaelmaxwell7871]

I would sell the vehicles they owe money on, stop eating out, take that car payment...put 1/2 in the savings and pay the other 1/2 towards the house payment...

[@bobspittle3201]

I thank God I had a mother who drummed into me and my brothers heads when we were teenagers to save for retirement. And the importance of NEVER touching that money until you do retire. Thanks Mom. Now that I have been enjoying retirement for many years I appreciate her wisdom.

[@geo865833]

Truly an amazing mother who loved you. Hope all is going well.

[@lidgerwoodj]

It’s compulsory in Australia for employers to pay into our retirement funds now. That only came in during my parents’ working lives, so lots of older people don’t have much saved. Our generation will reap the benefits of being able to live off our own savings because the government makes us. We also get rewarded with tax incentives for paying extra into our own retirement funds, which is what my family and I are doing. The real society-wide benefit will come when we can dramatically reduce the amount the government has to spend on pensions when we’re older. The only problem is that there are a few things that people are allowed to access their funds for early: I weep when I hear of people in their 20s or 30s taking out $10k and thinking about just how much money that will cost them when they’re 70.

[@user-be5qg7mr1s]

she was thinking ahead and didn't want to see you kids struggle.

[@aarone9000]

Are we siblings?

[@NeoSharkey]

Another big part is to find a wife who thinks the same way...from experience, it’s very hard to save when your wife thinks you can save without spending less.

[@Raymondcraw1967RaymondCrawley]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[@FaithAndrada-xo9ou]

Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position

[@BrewerVera]

No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.

[@VanessaWilliams-pu8vt]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@BrewerVera]

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

[@VanessaWilliams-pu8vt]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@u.gmusic123]

The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance

[@DanielChirsq1]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@DeborahMicheal6k]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@SebastianNoah5e]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@ElizabethElijah2g]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@SebastianNoah5e]

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

[@ElizabethElijah2g]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@Sergey-mi8xi]

I made terrible money decisions in my 20s which I'm paying now in my 40s, I've been doing alright so far, but I think for me to have much finer results, I'd be better off receiving guidance from an experienced financial consultant

[@Sergey-mi8xi]

@@bo_oks9553 Have you been mentored by a financial consultant before, if you have, how's your portfolio going so far?

[@forpetesake7486]

@@bo_oks9553 Oh that's nice, this consultant carol, how do i find her :)

[@forpetesake7486]

@@bo_oks9553 Thanks, just checked her out, i'm impressed with her resume, I'll touch base with her

[@mocheen4837]

I was pretty reckless in my youth. I never had more than $300 in my savings account. I met my wife when I was 23 years old and turned my life around. We moved out together and it was eye opening. Having to pay rent, utilities, food, clothing etc was a wake up call. I grew up in a single parent home on welfare. I never learned how to manage money. After moving out I learned how to budget and save. When you are young nobody wants to think about retirement.

[@jerrylansbury9558]

A financial consultant only cost you more money !!!!!! Its called......save your money ! My own boy got in an argument just yesterday. He told me he cant make payments on his house ! I told him....instead of his smart phone get a flip phone. Combine it with our own plan. He still argued with me saying he needs his smart phone. I asked him for what ? He couldnt answer me. So many ways to cut....and save money. People are just stubborn !

[@TVHouseHistorian]

I’m 48, have been saving for retirement nearly my whole working life, and *I* am nervous about what my retirement scenario will look like. I own a home that is nowhere near paid off (other than that and a simple car, I have no other debt). As a single guy, I love eating out, going on cruises, and getting on an airplane and flying wherever. His advice is good, even for me. I need to quit living like the money fountain’s never going to stop, and start living like I’m bankrupt so I can get that car and house paid off.

[@2legit2Kwit]

I’m in the same boat.

[@joaquinmisajr.1215]

Too bad abrupt climate changes everything

[@annielin2894]

If they move to NYC they have welfare system free cash assistance plus free medical

[@davidguarin358]

I’m 50 and in the same boat.

[@swong705]

I live in NYC and if you own a house in NYC, you can't get much assistance. Not even if you need a home health aide person.

[@BrewerVera]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[@FaithAndrada-xo9ou]

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

[@AndersonFair-cy2bb]

Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.

[@Raymondcraw1967RaymondCrawley]

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

[@AndersonFair-cy2bb]

Rachel Sarah Parrish is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Raymondcraw1967RaymondCrawley]

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

[@Higuannn]

A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can take advantage of compound interest and potentially grow your retirement savings overtime?

[@DanielPanuzi]

In times like this it is better to seek help from a professional as such key decisions are better guided by experts with market experience.

[@Jaymilnere]

@@DanielPanuzi Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

[@Jaymilnere]

@@DanielPanuzi I agree with you mate, I have found it takes someone who is very familiar with the market to make such good picks. so i reached out to one that appeared on CNBC news in 2020.

[@ericmendels]

@@Jaymilnere hello, I buy into the idea of using an expert but i do not know how to reach one, can you help?

[@Jaymilnere]

@@ericmendels I’m a Travel-Nurse, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary " Alicia Estela Cabouli'' " actively restructuring my portfolio for the past 4 years

[@dashadynamite88]

If this doesn’t scare me, I don’t know what will. This is terrifying

[@SamuelClemente7718]

Yup. All my family works for UNIONS. We stayed out of the private sector 40 years ago. UNION UNION UNION! WE HAVE PENSIONS

[@michelarosier1918]

Me, I'm learning and it scared 😨 me, but, I will stay focused on my journey to keeping moving forward.

[@lilliansanders5470]

@@SamuelClemente7718 thank god i stayed with my union job

[@SamuelClemente7718]

@john Smith 401k is not a pension.

[@XxJD1RTYxX]

100% this is my third biggest fear for sure I work with tons of guys in construction that literately make 30hr+ and never have money and this guys are double my age and im 30

[@do_ob85]

As a 24 year old, this is why I save 40%+ of my income. Thank God for social security in their case

[@micchaelsanders6286]

SS is a ripoff.

[@GDuncan8002]

Keep it up! You're gonna end up very well off.

[@dimasbeltran866]

God.... with a capital "G". Just saying ! 👍

[@dannyknapp515]

Good choice you will do great later on in life . Another good choice is real estate buy and double your payments get it paid off it will always hold value and you’ll be mortgage free before retirement

[@robinlippy4799]

Save as much as you can

[@jameswood9772]

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@alexyoung3126]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@williamyejun8508]

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

[@johnlennon232]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@williamyejun8508]

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

[@johnlennon232]

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

[@knasheed8092]

This gentleman is among the sharper tools in the toolset. I have NEVER seen him stumped before. But on top of that, he is truthful and extremely compassionate in his responses and delivery. Hats off!

[@captinbeyond]

I like Dave and agree he's great at giving advice, but his suggesting they buy a condo for $100k was simply not realistic. You can't buy anything worth living in for that price that is not going to be needing money to fix it up and keep it livable.

[@knasheed8092]

@@captinbeyond That’s definitely true. I’d even go so far as to say that $300k would be a stretch depending on the geography. 👍

[@TheBunky2008]

Dave is NEVER stumped 🤔

[@Davidsworldtravels]

It’s not exactly rocket science to tell people to cut down their bills. It’s barely even financial advise just basic common sense.

[@knasheed8092]

@@Davidsworldtravels True. Paying your bills on time is common sense, but I believe he provides deep and more relevant information that that.

[@KingDavid-jj7tk]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@stevensmiddlemass2072]

People spend their money when they have it. And when they have more money, some people tend to spend it more. You should speak with a financial expert if you wish to improve your financial management.

[@beemo9]

ANOTHER SHILL POST FOR SPAM/SCAM. ALWAYS REPORT THESE, FOLKS.

[@thejackbox]

You become a millionaire by having cash when everyone else needs it. Wait for a recession and invest in blue chip stocks when they’re selling for pennies on the dollar. Just invest in safe 1 year CDs until then.

[@robertcollins7034]

P off African wonga wonga scammers ​@zullard565

[@tomlord4469]

@@thejackbox Great advice, just wait until the opportunity knocks. I don't know beans about blue chip stocks, but my knowledge is in real estate. My advice to the the original poster would be to invest in what they have the most knowledge in.

[@angabluewellness8604]

You can see his compassion. He told the truth to help them.

[@natashanolly9489]

🙏🏾🙏🏾🙏🏾

[@gailtaylor1636]

Seems to me the condo idea was the best direction to take but she didn't want to hear that. Already had somebody get in her head with the HOA stuff.

[@fjorge4014]

About time Dave takes a call everyone can relate too, not people who make over $500k and talking about they are stress. Thank Dave: more calls like this please. Thanks

[@michaelg3911]

This is a great example of why people need to start retirement planning, saving and investing as soon as they can. This, unfortunately, is a very common situation.

[@MONEYAINTATHANG100]

A1C

[@MONEYAINTATHANG100]

🐍

[@bestbargainfashion5575]

It's because she and her husband couldn't agree.

[@goodquestion8064]

Retirement plans ain’t even guaranteed

[@paulhollowell9966]

Hey I'm going to make my kid start when she is 16 lol and she will thank me when she is 30 ...

[@jayengelhard6816]

This is literally my worst nightmare

[@teresavict1831]

Mine too 😥

[@michelarosier1918]

Me, frist.😳😳😳 scary

[@larrybud]

Good news is you have control over this nightmare.

[@JoseMora-wc5zz]

@@teresavict1831 how old are you

[@JoseMora-wc5zz]

How old are you guys

[@ocubex]

This is incredibly sad, feel so much for her. I've never seen Dave speechless for so long.

[@kathy.7475]

I discovered Dave Ramsey in 2004 at the age of 51. Fast forward to today, I’m 71 and thanks to Dave I am debt free with more income than I can spend. Thanks Dave. Your advice is timeless.

[@SAsh-zg6ln]

Can I have the rest of ur income that u can’t spend? Or perhaps u can use that money to travel, gamble, give back, etc

[@rudygracia5573]

Problem is,a LOT of people hear Ramsey's advice,but as soon as they hear"No more restaurants,sell the Roadster"...Dave's voice quickly FADES into oblivion!!MOST of the time,there are VERY GOOD reasons people end up in financial straits,ie;supporting their grown kid/s.

[@jshepard152]

Or making $4k per month and spending $4200.

[@YeshuaKingMessiah]

Stop footing adults’ lives If they’re disabled, get them on SSI or SSD and Medicare/caid

[@xekret]

I saw this first hand with my parents, it is really scary.

[@ariv8585]

Me too with in-laws

[@xekret]

@@ariv8585 It sucks......

[@d.y.h.w.]

Yes this is my parents.

[@Cenlalowell]

This definitely sucks, but even if you tell people most won't listen especially when they're young

[@cherylmitchell37]

What are your parents doing?

[@nkyryry]

This is my nightmare. This couple is why I save. They’re just going to have to work until they die. That’s their reality.

[@larsc888]

They could just move into a condo and retire modestly.

[@suen5006]

They may get so they can't really work at all. But I think they can make it ok.

[@lebronsinclair8012]

This is just scares me to death. So many on this path and don’t want to admit it. This video is a good reminder.

[@Musicienne-DAB1995]

Terrifying.

[@DavidLucas-so8rr]

What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.

[@trazzpalmer3199]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@Bridget-l7p]

I've come to appreciate Warren Buffett's wisdom: 'The most profitable investments often fly under the radar.' My own journey has shown me that emotional biases can lead to costly mistakes. Following a lengthy divorce, I sought professional guidance to get my business back on track. Fortunately, I found an exceptional advisor who helped my assets soar from $275k to $550k, despite inflationary pressures. This experience has convinced me of the importance of seeking expert advice in achieving long-term financial growth.

[@Bako-b8j]

You seem to know the market better than we do, so that makes great sense. Who is the guide?

[@Bridget-l7p]

'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@RobertBrown..]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@lauvasquez7198]

For the ones that have parents that are heading into this situation please share this clip with them. My mom was with the thought before that she wanted to leave us cash or give us (the kids) money now. After learning about Ramsey I had an honest talk with her and my dad and told them I don’t care about inherence. All I want is their debt paid so they can have money for retirement and even more important to have money in case one of them ever needed a nurse or some sort of medical help. After seeing how things went down with my grandma when she got demencia it is not a pretty spot to be in without a safety net. Too much pressure on family and it’s just devastating emotionally.

[@340rps]

And hand it all over for nursing or a home, I'll give my money to my kids now, and if it comes to being in that condition, just kill me.

[@emmaleebuzzard1023]

@@340rps even though that seems self-less, it’s really the opposite. By making sure you can be cared for when elderly, you are taking a huge burden off of your children.

[@Jack_all]

The fact that we don't teach basic finances in school, but continue to teach Algebra is borderline criminal. It's almost as if the system wants us broke and poor to keep us working low paying jobs our whole life..🤔

[@MouseRata]

That’s exactly why the system is the way it is.

[@parkrichard4464]

I've done budget counseling for adults through my church in an affluent, small city. Most of them were not able to grasp the concepts involved, much less find the discipline for maintenance. Therefore, IMO, we can't teach this in K-12. The kids would think it's too difficult, complain to the parents and the parents, who can't grasp it either, would insist it not be taught. Perhaps in a better educated country this would work, but not in the U.S. To be fair, I did have limited success. One couple, a master's in education, another couple, an engineer, and a third was in IT. Obviously, these are well-educated people.

[@ybergik]

Basic finances doesn't require more than being able to add, subtract and calculate percentages, so people do learn all that is needed early on. The problem is that people have no self control and care more about instant gratification than thinking long term. You can't teach that in school. It requires life lessons for that to sink in.

[@Jack_all]

​@@ybergik all due respect but financial literacy is far more than basic arithmetic. Most adults don't even know their house is a liability not an asset, or understand compounding interest, cash flow or budgeting..

[@ybergik]

@@Jack_all That is just outright wrong. A house is an asset. A mortgage is a liability. But people don't even need to know that. Botton line is if people just made sure to set aside ~20% in savings every paycheck and adjust their spending accordingly, no-one would have any financial problems. But of course that's not how most people do it. They spend it all on "wants" first ("we've earned it!"), pay the bills with whatever is left and then claim they earn too little to put any into savings. It would not matter how much these people earned, it would always be gone before they started considering savings.

[@JL-cw9sm]

my heart aches for this woman. People take note.

[@kiwiskiwi]

i'm in my 30s and WISH i started in my 20s. Thank goodness i got scared in my 30s.

[@mtnshelby7059]

Bless her for calling. She reflects so many in this situation.

[@You-Tuber2024]

She knew what she has to do, she just needed to be told. The car, eating out etc…. You gotta get your priorities in check

[@darylbeyersdorf7932]

Yes. Eating out costs so much!!! Don't over spend!!

[@randymillhouse791]

Only Rosie O'Donnell can afford to eat out for chrissakes.

[@sxtsxt6714]

Yeah she may know what to do but it’s not up to her it’s up to them(as a couple)

[@pauliexcluded1]

It helps to hear it spelled out. I am taking a class right now in quality engineering. It is all mostly common sense however I will be a better engineer because of having these concepts spelled out.

[@sew_gal7340]

you shouldnt be eating at 71 you need to be fasting.

[@0neofthem]

Her choice is to work until death or live in poverty. This is what happens when you don’t live below your means for your entire life.

[@eckankar7756]

Absolutely true

[@christophercarrigg3775]

I don't think it's an either or. I think it's both. Work until death and still struggle to make it by

[@donaldlyons17]

@@christophercarrigg3775 Your right b/c I know young people who have ok jobs (I think they can make it jobs) but due to medical debt are now poor!!! While I have no medical debt and make similar but have 39K cash. The difference is I got to keep my 30K but they ended up spending theirs. I might end up poor too but I at least have good options. Your quote: ( don't think it's an either or. I think it's both. Work until death and still struggle to make it by)

[@carolmarshall6351]

or have a health issue

[@avamasquerade]

Such dogma. You have more than two choices. Think beyond that.

[@Tsunaniis-j5l]

A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[@Natalieneptune469]

Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses

[@Damncars456]

I stopped listening and taking financial advise from these KZbinrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice

[@Alejandracamacho357]

How can I participate in this?

[@Damncars456]

My consultant is NICOLE DESIREE SIMON She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.

[@Alejandracamacho357]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@RobertDavid212]

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

[@AtlasBarrett45]

Money invested is far better than money saved, when you invest it gives you the opportunity to increase your financial worth.

[@AmesArlo93]

It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

[@zacharydouglas426]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

[@HaroldDylan-]

Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise me on what to do?

[@PatriciaMary11]

Even with the appropriate method and assets, some investors will still outperform others. As an investor, you should already know that nothing surpasses experience, and that is final. Personally, I had to seek advice from a stock specialist, which allowed me to build my account by over $35k, extract my profit just before the correction, and now I'm purchasing again.

[@davidguthrie3739]

A condo is not a retirement home. The elephant in the room is the cost of aging and declining health. Who will take care of them and who will pay for 24/7 caregivers when that time comes? Without a good long term care insurance policy, out of pocket expenses are $10k+ per month. A mountain of savings will disappear fast. This reality is the unspoken epidemic in our society.

[@LarsonFamilyFarm-LLC]

well said.

[@kellynorvell5714]

You are 100% spot on (seriously).

[@rondellschuyler7074]

Exactly. Financial literacy is not taught in high school or college really. Why ? Simple. Politicians want control of societies people. AKA the strangle hold.

[@mpmunger1225]

Hoa fees all a condo is an apartment but with fees it’s a dumb investment

[@alwaysbetruetoyou]

Why do people believe that all people, when they get to a certain age, have to have a care home? Or, any kind of care at all? They fact is, is that most people will never need a care home and are actually quit self sufficient, needing very minimal assistance with ADLs ( activities of daily living )

[@RB-gt8bf]

As a recently semi retired RN...the average person even those who seem to put down others who don't have much saved can be one or two illnesses away from being just like this lady, and maybe even younger. Unless you are uber rich a chronic illness or a major accident can reduce you to little even with health insurance. I have seen this many times over during 32 years in nursing. Went through cost of chronic illness with both of my dearest late parents. Thank goodness they had good health insurance and with my knowledge as a nurse we managed. Life has many twist and turns. I know many times people say sell your house and get a condo. Be careful those condos and HOA fees (which can get uncontrollably high and out of your hands with a condo board) Maybe find a cheaper smaller house with small HOA fee and avoid a property with a Condo fee. Been there with those condo fees and all I can say is OUCH!

[@rays242]

Absolutely...a retired person shouldn't have to deal with that condo association rubbish.

[@tritruong6279]

life is an fortune, we can't predict it, but being good with it.

[@Anonymous-qw]

@@tritruong6279 a fortune not an please

[@SB-gz5vh]

Invest into an hsa account early you’re right one illness could derail anyone

[@SB-gz5vh]

@charliccan depends on where you live

[@well-blazeredman6187]

One of the clearer explanations of the problem from a caller. Good luck to her.

[@fredfinger7092]

Not sure why Dave cut her off at about the 7 minute mark when she started to ask about the Condo Association fees. That's a very real and legitimate concern.

[@susannicky]

Interesting I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@graywilliams_77.]

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

[@susannicky]

Thanks for the info . Found her website and it really impressive

[@scottmontgomery1124]

I would sell the house and buy a 100k condo. No stress and enjoy my golden years. Let’s be honest at 70 you got 10 to 20 years if your lucky.

[@mariejones7136]

the average life span is 75..your right they should enjoy themselves now..

[@hodgepodge9997]

Condo, really

[@bettywith2girls]

That's true about the life expectancy...BUT there's other reasons to own an actual home. they probably are friends with the neighbors and probably have lived in that community most of their lives if they are like most senior citizens I know. Those condo fees can be really bad, and selling a condo later, even if inherited, is sometimes not easy. And then they would have to pack up a lifetime full of stuff to some place with 1/4th the space...when they already own about 90% of their house right now. Better to stay put, pay off at least the house, and keep on going out to eat occasionally.

[@mariejones7136]

@Jake Carter I'll be out of money by the time 90 unless my ex husband dies before me or I won the lottery...lol...I'm getting an inheritance from him

[@knightoftheislandcounter3330]

@@mariejones7136 you shouldn't, he left you for a reason

[@random-nz7dy]

This is a painful and sad call to listen to. Hopefully everybody listening takes this seriously and realizes how important it is to get their finances in order early on in life. You don't want to be the person at 71 forced to clean houses to make ends meet, when you easily could have gotten serious 20 years ago and been retired nicely

[@jimstiles6972]

I guess I'll quit reading this and get back to my work! For real! Lol

[@Sammytammy192]

With a good investment plan that ensures steady income without any doubts, I and my spouse are prepared for a well organized retirement. We started investing in stocks 2 years ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.

[@Freddyyyy266]

Not everyone has their finances in check and is as lucky as you are. For someone starting out, how are you doing it?

[@Sammytammy192]

Luck is way off the picture. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $51k spread across stocks (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term. Now with over 191k in roi, I sit back and just reinvest at intervals while I handle my other businesses.

[@Brunhild386]

Do not forget that when it comes to the stock market, prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual investors do not influence.

[@Donnierra]

46 and I just started investing about three months ago. The issue here is that I've barely made any progress. Can he help me?

[@Sammytammy192]

Hermanw jonas that’s his gmail okay