You don't have office friends, you have office acquaintances. Cultivate real friends in your personal life.
@donjacobson818
Жыл бұрын
Agreed. "Office friends" were never really your friends.
@michaelanthony1797
Жыл бұрын
So true, the thing that happened in 2020 and the thing they tried to force you to take proved that.
@chrisharris4223
Жыл бұрын
Not many, only a select few come along through the years
@brianmcintyre8940
Жыл бұрын
Some will become your friends perhaps. Alot depends on how you treat each other. Same as school chums...only a few will be friends
@Observe555
Жыл бұрын
You got that right.
@MM-ig2zq
Жыл бұрын
Workplace friends, that’s a myth. What vanished for me was incompetent managers and a 5 am alarm.
@humbleevidenceaccepter7712
Жыл бұрын
Indeed. The people I actually liked at work outside of work were easy to keep in touch with. They are still friends I see. Everyone else were co workers I merely worked well with.
@davidrynberk1533
Жыл бұрын
If you can relate..when you work with people who haven't evolved...some are in their own head.Its not that I don't try to become friends, honestly don't share the same interests and have conversations that don't involve pop culture.For me the job is the glue of the relationship..beyond that workplace friends are possible of course but mainly a myth.Enjoy your retirement:)
@oxigenarian9763
Жыл бұрын
"...incompetent AND NARCISSISTIC managers..." :)
@davidrynberk1533
Жыл бұрын
@@oxigenarian9763 Its a culture ,for some reason once someone is given a hint of authority...they automatically think people respect them...with zero people skills.
@oxigenarian9763
Жыл бұрын
@@davidrynberk1533 You are right 100%. It's a culture and they guard it against anyone who threatens to spoil it for them...
@kortyEdna825
Жыл бұрын
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.
@shannonsally455
Жыл бұрын
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.
@carssimplified2195
Жыл бұрын
@Brilliantrans This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
@carssimplified2195
Жыл бұрын
@Brilliantrans Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@richardross7219
Жыл бұрын
I was retired at 59. My stress level dropped in half. After eight months of living life at my pace, I woke up one morning not in PAIN. It was the first time since I was hurt in the Army in the 1970s. Life without pain is great. Retirement is great.
@parkerbohnn
11 ай бұрын
I retire at age 35 nothing much changed after I retired. I played golf, bowling, snooker and pinball machines before and after. I drank less after I retired.
@dila98
6 ай бұрын
I think what working people need is a long break every couple of years
@richardross7219
6 ай бұрын
@@dila98 That is very hard to do. I found that even short sanity pauses during the day, have helped a lot. Good Luck, Rick
@Raymondjohn2
8 ай бұрын
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
@bob.weaver72
8 ай бұрын
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
@martingiavarini
8 ай бұрын
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@TheJackCain-84
8 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@martingiavarini
8 ай бұрын
"Carol Vivian Constable " maintains an online presence. Just make a simple search for her name online.
@martingiavarini
8 ай бұрын
'Carol Vivian Constable, 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.
@graymatters7584
Жыл бұрын
Work friendships aren’t actual friendships. I discovered that a long time ago, so I’m good on that one.
@tharrigan5661
Жыл бұрын
Excellent video. I’ve been retired for 2 years now and every day is a blessing. I stay in touch with a small group of people at my prior job because I make an effort to do so. Retirement is everything I hoped it would be and more. No work stress, no budgets, no meetings, no fake ‘deliverables’, etc. Those work stresses are gone for good. I don’t miss any of it.
@TheCogitech
Жыл бұрын
38 weeks 06 days 12 hours 27 minutes 54 seconds ... till I retire. I can't friggin' wait! I will not miss any of that fake crap either! The same meetings every week - same BS, over and over.
@AstonM6
6 ай бұрын
@@TheCogitech Do you have a countdown app? I do!! July 1, at 0700.
@TheCogitech
5 ай бұрын
@@AstonM6 Last day is tomorrow, so don't need the countdown app anymore!!! :)
@ASouthernBoyCanSurvive
Жыл бұрын
I retired at 55, moved to Thailand, live by the beach, have no routine, don't miss the office, didn't lose any real friends and have a ton of new Thai friends, high interest rates are my friend and are my paycheck, do not die sitting a cubicle somewhere yall. GET OUT ASAP AND GO LIVE LIFE!!!
@ASouthernBoyCanSurvive
Жыл бұрын
@RetireandGo not hard but you have to find activities that local people participate in and join in..they have adopted me in here and now I don't want to leave. I never go hungry here 😀
@stevedice5963
Жыл бұрын
Retiring to prachup with my thai wife next year. I hear you!
@danhart2208
8 ай бұрын
What’s cost of living?
@Randymanfred41
Жыл бұрын
Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Defi earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you’re quite late to the party, the idea is to get in early on blue chips before it becomes public. There are lots of life changing opportunities in the market, maximize it
@Leighwilliams112
Жыл бұрын
What opportunities are there in the market and how do I profit from it?
@Randymanfred41
Жыл бұрын
@@Leighwilliams112 You can make a lot of money from the market regardless of whether it strengthens or crashes. The key is to be well positioned.
@Leighwilliams112
Жыл бұрын
@@Randymanfred41 I will really like to know how this actually work
@Randymanfred41
Жыл бұрын
@@Leighwilliams112 All you need is a good capital and the service of a professional broker, with those your investment will most certainly produce high yields.
@Leighwilliams112
Жыл бұрын
@@Randymanfred41 Do you have an idea of any good broker I can start with?
@AanyaDarika_
Жыл бұрын
I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.
@AnkurYo
Жыл бұрын
Do you have a 401k? you should contribute to your retirement diligently, or better still look into financial planning
@benalfredo
Жыл бұрын
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
@Jennapeters144
Жыл бұрын
@@benalfredo this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
@benalfredo
Жыл бұрын
@@Jennapeters144 I’ve shuffled through a few experts in the past, but settled with ‘LOREN LENA WALKER’. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find her basic info on the net, she's a renowned advisor.
@Jennapeters144
Жыл бұрын
@@benalfredo thanks for info! curiously copied and pasted her full name on my browser, spotted her page easily, she actually looks very distinguished
@susannicky
Жыл бұрын
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
@graywilliams_77.
Жыл бұрын
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@marciapalazzi320
Жыл бұрын
You know Azul, you and other online retirement advisors seem to think we are all business hotshots. Some of us are factory workers, retail workers, hospitality workers. Some of us are positively looking forward to retirement and will not be losing our identity but maybe for the first time finding our identity.
@doug6259
Жыл бұрын
I don't see any of these being an issue for me. 1. I don't want access to debt. Once my mortgage is paid I am debt free and will never borrow money again. 2. Everyone says they will stay in touch but no one does. That is fine. My dog is my best friend and he is coming with me. 3. If I planned it right and have sufficient funds, I can live off the interest and social security so the balance won't be affected that much. 4. Although I enjoy my career, I can put that in the rear view mirror and focus on my main interests. 5. I have put thought into what my new routine will look like.
@akroguy
Жыл бұрын
Exactly! I've always considered my career to be "how to afford my hobbies"! I've got PLENTY to do when I retire in two or three years. I will only miss being that "go to guy" for technical expertise that is often lacking in new engineering graduates with whom I work. It's nice to be needed, but my WIFE needs me more. Our house will be paid off before I turn in the keys (stocks and sale of a rental), we have NO other debt, two SS accounts and a high six figure 401k. I see no downsides to retiring. At. All. Limited access to debt has no downside either. We buy cars used with cash, I fix everything that breaks and have no plans to ever buy another home. Great advice on this channel with lots to think about!
@yanbu000
Жыл бұрын
After leaving the workplace where I spent a solid 40 years at senior management and technical levels. I had assumed I had strong, lasting relationships with my peers, but surprisingly, that wasn't the case. The other thing that's been a big surprise how many peers start dying when you reach retirement. One of the points mentioned was about 'losing your routines', but that wasn't my experience at all. Instead, I dove into launching a series of small businesses, they were disasters, but a lot of fun. Simultaneously, I dove hard into learning a foreign language that I had been focusing for a few years now. Learning the language actually became my most routine-based activity, while the small businesses presented their own set of challenges. For me, these pursuits filled the void of losing my previous routine. If you ask me, broadening your exposure to your hobbies is a simple yet effective way to enrich your life.
@thullraven1
Жыл бұрын
I agree with this list 100%. Personally, I think it would be foolish to willingly get into a mortgage or some other high debt situation in retirement. I paid off my house and car before I retired young at 59. I'm not moving and I'm keeping my hot rod car until it drops or I do. I'm debt free and plan to stay that way.
@cashflow68
Жыл бұрын
Great idea. I fully retired at 58 with no debt. I’ve been retired for 9 years and will be getting my max SS at 70 in 2 years. No regrets and still enjoy investing in the stock market not out of necessity, but for enjoyment.
@Jacquie_Kirk_111
Жыл бұрын
I'm the same!
@BerniecePiette445
7 ай бұрын
I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.....
@Lida-sh6ee6667
7 ай бұрын
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 $760k 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......
@Lida-sh6ee6667
7 ай бұрын
STEPHANIE KOPP MEEKS, that's whom i work with look her up and thank me later..
@sandihunter1260
Жыл бұрын
My husband was diagnosed with Parkinsons one year before retiring. Thank goodness we travelled 10 years before while we were both working. We can still travel a little but shorter trips. Health is the most important thing in retirement.
@jimbouchilon389
Жыл бұрын
Great video. you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
@perefeghaandrew8076
Жыл бұрын
That's true, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance even after retirement that lacks an investment value Instead of saving money in the bank . This means, if you want to be successful you must be an investor,
@Jameshenry-gu1fi
Жыл бұрын
I agree with you had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment
@johnalex4006
Жыл бұрын
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
@Soboj-oy8me
Жыл бұрын
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
@philominafashi1662
Жыл бұрын
exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
@HT-sh1yj
Жыл бұрын
Although I can retire now at 62 and pull $5K a month from my retirement funds until I take social security at 67, the primary thing stopping me from retiring now is the unexpected expenses that arise frequently. If you have a $3,000 car repair bill, that leaves only $2,000 left for the month. Then 2 months later there’s an unexpected $1500 dental bill, then a month later you discover you have to replace your HVAC. I realize this is what emergency funds are for, but the average emergency fund can be exhausted in a year or two if you aren’t constantly adding to it. Having a regular paycheck coming in allows me to pay for these unexpected costs without any issues. Life is expensive. No matter how well I budget, I seem to have $10K to $20K of unexpected expenses every year. I’d feel much better if I could set aside $100K for emergencies and still withdrawal $5K a month. Maybe that should be my target for retiring - once I have the $100K emergency fund, then retire.
@shellylofgren
Жыл бұрын
Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.
@jeffery_Automotive
Жыл бұрын
My wife and I were on different routes. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. Haha.
@georgebarret
Жыл бұрын
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, I believe that is the most effective way to enter the business at the moment.
@DavidRiggs-dc7jk
Жыл бұрын
@@georgebarret Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@georgebarret
Жыл бұрын
My consultant is Julie Anne Hoover 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. I basically follow her trade pattern and haven’t regretted doing so.
@DavidRiggs-dc7jk
Жыл бұрын
@@georgebarret 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.
@jesssimpson5959
Жыл бұрын
I retired from a long career as an electrician few years back and yes it didn’t take long before my work friends all drifted away except for one who retired not long after me, we talk all the time and get together for golf about once a week which has become my next chapter in life at least until my son and his wife promote me to grandpa lol. One thing I didn’t anticipate missing and didn’t realize how important it was to me was the sense of accomplishment at the end of each day that I created something with my own hands. I have learned to replace that by learning how to cook so I still get that feeling of accomplishment to some degree. I suppose that’s another chapter of my life as well.
@brianhenson4849
Жыл бұрын
Over the years I saw people retire or leave and while they were missed for a short while , within a few weeks no one spoke of them again. I was very popular at the facility of a few hundred people and always had people gravitating to me, but I took a work at home position about 8 years ago and while I did have a few people I maintained friendships with for a while , within a year I lost contact with almost everyone. I never expected to be one of the forgotten victims of leaving the work space.
@Xeyedjohn
Жыл бұрын
I think it's like that everywhere and for all of us.
@hikerhobby1204
Жыл бұрын
@@XeyedjohnI agree. No one means it to happen, it just does. Part of life.
@denniswebster3210
Жыл бұрын
I work a corporate job. During Covid the entire office was told to work remotely. The corporation has since cancelled leases on a majority of their office space to save millions of dollars. There are no plans to re-lease office space to bring people back into the office. Personally, working remotely is convenient from a child care perspective. When the kids have issues at school, or when the kids have Doctors appointments, I don't have to take time off work to sort it out. However, "water cooler" conversations at work no longer happens. You only talk with people during pre-planned meetings. It is very difficult to make work friends through a screen in this new environment. If companies continue to require remote work, I believe making close work friends is a thing of the past.
@trish9910
Жыл бұрын
Most people are NOT loyal, especially coworkers. I have come to that conclusion in my 40's.
@brianhenson4849
Жыл бұрын
@@phillipbanes5484 Yeah , i totally know that feeling. When I was working on-site , a few times like 10-20 of us would go out for drinks after work. I had kept in touch with a few people like I mentioned so would be asked to join , but when I did I felt like an outsider, not an old friend . Eventually stopped attending. Like you said it giving me a new perception of people relationships.
@stevensmiddlemass2072
Жыл бұрын
This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $460k to invest in stocks. Pls how do I take advantage of the market turnaround?
@roseroland1998
Жыл бұрын
It is advisable that you redistribute your cash now that you are retired and rely on your investments. You could allocate your resources with the aid of a financial expert to make the procedure simpler.
@russromito4903
Жыл бұрын
Live within your means ! Stop wanting material things !
@GoldCountryTrapping
7 ай бұрын
Most people trade their retirement for shiny toys.
@garysd9943
Жыл бұрын
Good video, thanks. The "lose your routine" point is spot on and something you don't hear people talk about much. I recently retired and the first month or so my sleeping and eating schedule was all over the place, which I did not expect.
@webcompanion
Жыл бұрын
1 month retired as well, eating and sleeping is all over the place too. I'm getting more hours of sleep per day but now have naps (I'm only in my early 50s). It's not bad, I imagine a routine will come eventually. It's nice to truly relax and not worry
@markgoostree6334
Жыл бұрын
Several of your points speak specifically to the idea of developing a hobby and special interest in your life. That will help get a person into a new group of friends and activities. This helps keep us moving, thinking, planning... adding purpose to our lives. I worked at one place for 47 years. I retired in 2017. I still see the people there ONLY because I cut the grass at the office building. If not for that... there would be no interaction. The worst thing is what happened to my wife. Four years after I retired, she passed away. Now, what I thought was going to be a good time of our lives is just not going to be.
@Julia-b9x
Жыл бұрын
I'm so sorry for your loss. As a lesson for us readers, do you wish you had retired earlier (to spend time with your wife traveling, etc).
@travelseatsyellowlab
Жыл бұрын
Now, you're in a prime position to cultivate new friends, hobbies, and interests. I'm sorry for your loss. Once you've healed, perhaps you could get into the dating life.
@Julia-b9x
Жыл бұрын
I was thinking the Stress from a dysfunctional work environment would vanish as well!
@rchydrozz751
Жыл бұрын
Yes, even some of the boneheads you have to put up with everyday.
@fletchoid
Жыл бұрын
I retired from a medical field just before the Pandamnit. It really screwed up my friendships with my colleagues because they were not allowed to mix with the public, and all retirement parties were cancelled. Many of my good friends just disappeared for the duration of the pandemic. No goodbyes, no get togethers, no contact.
@チェリーブラッサム-z9q
11 ай бұрын
Pandamnit is accurate
@Johnnysokko168
Жыл бұрын
My new routine will be doing what I want when I want and never saying ugh back to work tomorrow on Sunday. My dad always said after he retired, everyday is Saturday.
@Fuzzmom903
Жыл бұрын
I’ve always been told that the fewer friends you have, the better, and not to combine your personal life with work. Not to mention, if ppl drop off after you leave, that’s just confirmation they weren’t friends in the first place.
@cloudyblaze7916
Жыл бұрын
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
@anniezeng4587
Жыл бұрын
Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.
@selenajack2036
Жыл бұрын
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@selenajack2036
Жыл бұрын
@@hushbash2989 I personally work with ''Eleanor Annette Eckhaus'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@evitasmith6218
Жыл бұрын
@@selenajack2036 She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing
@johnnysfunzone743
Жыл бұрын
Next inflation spike is in the machine now, showing up now as energy cost increases that WILL translate into the cost of everything.
@wolfy7531
Жыл бұрын
Spot on. I retired a month ago and can relate to your points. Also read the book "Strength to Strength" and do recommend it as well.
@AntyTiff
Жыл бұрын
I had predicted that “stress” would be on the list. Seems like work is where most of my stress comes from.
@humbleevidenceaccepter7712
Жыл бұрын
I semi-retired this year. Went from management to staff; my pay, hours, and responsibility went down by 40% _That_ was a big change. I can't imagine going from 100% to 0%. I highly recommend retiring over a couple of years instead of all at once.
@ShopDad
Жыл бұрын
I came back to this because I think it’s one of the most valuable videos on retirement I’ve come across. Access to capital, sense of purpose and expertise, watching accounts go down in value - all realities to prepare for.
@starboy1100
Жыл бұрын
There’s no such thing as office friends. They are coworkers. I worked over 30 year most of it a one job for 27 years. I have contact with exactly 1 after 3 years of retirement.
@porterosbournejr.5083
Жыл бұрын
Very thought provoking. One thing that disappears that really affects guys like me in sales is losing that expense account that doubles as your personal entertainment account. So much of what get to do like hunting, golf, steak dinners, etc. is paid for by the company and if your clients are fun to hang out and you consider them friends that “gravy train” is going to go away and you will feel a void socially as well as financially.
@sircharlessinderhorn3452
Жыл бұрын
I worked a lot with you sales guys and you were the best of buds and fun to hang out with lol
@nata3467
Жыл бұрын
Wow..lucky
@polywog9591
Жыл бұрын
@@nata3467agreed. Where did I go so wrong?😅
@porterosbournejr.5083
Жыл бұрын
@@nata3467 it’s not “lucky” it’s the tools that come with the job.
@davebarry9723
5 ай бұрын
Thanks Azul! Been watching your videos a while, only just discovered this one. Really hit home! Keep up the great work, you are appreciated!
@cashflow68
Жыл бұрын
I found out when i fully retired at 58 that my true friends at work would call you after a year. So far, I only had 1 out of 120 coworkers. Not a problem because I have hobbies I enjoy and met other people out of my work circle.
@mray8519
Жыл бұрын
I’ve been retired for 15+ years, former executive and then business owner. Life is grand. LIVE HERE, LIVE NOW and appreciate all you have. Oh, thanks for sharing your great wisdom
@martychiarizio1108
Жыл бұрын
I cant wait to retire so I can watch your videos all day. Nice job.
@kennethwers
Жыл бұрын
I retired 5 years ago at 58. Life is extremely good!!!
@henrychinaski3720
Жыл бұрын
Me too! Same age! 63 now. Best decision ever… Count by summers ….this is my 6th summer. 😊
@kennethwers
Жыл бұрын
@@henrychinaski3720 It's scary to quit a job of 38 years with out a pension. But it was a great decision in the end. Living life with out regret!!.
@tomcollins9683
Жыл бұрын
You're a great guy and I really appreciate these videos. I enjoy watching these on the night shift at the power plant.
@tobystevens3109
11 ай бұрын
Just retired at 59 and will be fine with some savings and no debt. However health issues already creeping up - had I known I would have retired even earlier. Lesson - Retire as SOON AS YOU CAN, don't wait!
@BigLar56321
Жыл бұрын
I didn’t really map out a plan for filling my time in retirement but as a litigation attorney for 40 years I had a general notion of wanting to do some pro bono work. I’ve been doing that for 1.5 years so far, and one thing has led to another, resulting in assuming a leadership role in a social justice reform group as well. That has provided me with the opportunity to retain my identity and continue to use my expertise, albeit in areas of law and social action previously foreign to me. That also keeps me learning, creating new social relationships and growing as a person. I recommend to people approaching retirement consider your skills acquired over your many years working and how you may be able to transfer those skills to some effort (not overly taxing and leaving plenty of time for leisure interests) that may leave the world a slightly better place when you’re gone.
@sircharlessinderhorn3452
Жыл бұрын
Azul, you so aptly touch at the nerve center of retirement. I never had the time nor the counseling to understand what turned out to be the greatest transition of my life, which I (intentionally) underplayed at the time. Nice job buddy keeping us afloat with your prescient knowledge.
@RetireandGo
Жыл бұрын
The changes we think come with retirement… and the changes we don’t expect This video was right on the points I adapted to retirement slow and I think still am I’m in my first year of early retirement I’m changing countries often also
@sircharlessinderhorn3452
Жыл бұрын
@@RetireandGo I find Thailand to be great for retirement
@rgh622
Жыл бұрын
As a recent retiree, I can attest to all of these scenarios. I was anticipating and expecting all but one of them. The reduced ability to become encumbered by large loan debt. Thankfully, I am not in need of another mortgage but, I never considered this before retiring. Thanks, Azul!
@dr.ronbernard9927
Жыл бұрын
We were a one salary home. I worked as a physics instructor. I am now 63 years of age with $20,000 in savings. Where does a person like me look forward to? Most of my acquaintances are in similar circumstances. You sound as though it is common for people to earn hundreds of thousands of dollars in investment income. We put our children through college with a mother in the home during their formative years. Who is the “us” when you speak of “most of us.”
@thefix2573
Жыл бұрын
The Haves and the Have Nots. Carpenter here, yeah I don't know what I could've done to live cheaper except die. It's like there are people who provide a service but we aren't treated as well as the money changers and govt workers with their 4 retirements before they even touch their RRSP's whatever that is. I fell so dumb for working hard, these are the people who set up their retirement ON THE CLOCK between telling stories by the coffee machine and shopping online.
@llkg9
Жыл бұрын
If you hang out with your office friends outside of work AND have lots of non-work things in common, the friendships can last. I met some of my best friends at an office job 8 years ago. Only one of us still works there, but we still keep in touch and always have a blast together!
@alphamale2363
Жыл бұрын
I've been binge watching your videos and I think this is one of the best ones. Thanks.
@kevintorgrimson8529
Жыл бұрын
The first one, access to debt, was spot on! Banks don't recognize dividend income as steady income, no matter what the yearly amount.
@Crazyreseller
Жыл бұрын
True, however most lenders will allow investment to be used as collateral on a loan. There are variables however, it can be done.
@jasonhochman3750
Жыл бұрын
The 5 things that disappear: stress, boredom, alarm clock, loneliness,fatigue.
@singingwindrider9881
Жыл бұрын
1. Access to financing debt 2. Workplace "friends" 3. Increasing retirement fund balances 4. Identity crisis due to not working 5. Routine Bonus: didnt catch it but think it was also bout routine & identity. None of this was helpful to me since my life has been definitely atypical from what he was describing. But might help some.
@kevinherm3036
Жыл бұрын
The remote work that many of us have been doing is taking the office friends and that ego that we know what we're doing better than most away. I think it's my blessing in disguise!
@georgiannmaloney6594
Жыл бұрын
Love your videos. I am learning lots from you 🎉😊. Have a great evening.
@herleyrobinson5965
Жыл бұрын
I love thus content and will subscribe! You have coop attitude and your manner exudes it! Everything was completely on point. I will be watching!
@geofschwer1625
Жыл бұрын
The big con to me would have been giving up an 8% annual increase in my Social Security check after reaching my qualifying age. I was healthy and not worried about my lifespan, so I went ahead and worked until 70 years old. My SSA was 32% greater than it would have been if I'd retired four years earlier. Now, at 82 years old, I'm happy I did things that way and still physically able to enjoy life.
@josephjuno9555
Жыл бұрын
I understand delaying SS for bigger check? But I will Not continue to work? U can stop working and still delay Taking SS to let it grow? I mite stop working at 62 but not take SS UNTIL 65 2 Medicare?
@stephenschulte3996
Жыл бұрын
For many people, they need the $$$’s at age 66 or 67 (or even age 62!). Many in the USA spend spend spend and don’t save. But likely better to take Social Security at FRA (not wait until age 70) and invest the money. It’s at least a 12 year break-even and you may not live to age 82! Enjoy the money when you are “young” (younger…) - Travel to Bali at age 85 is likely not as much fun as age 68!! 3 Aug 2023
@snave59
Жыл бұрын
@@josephjuno9555 Most people can't just stop working,and not take social security.As they would have no money to live on.Also,this is how you spell might.Not mite.
@josephjuno9555
Жыл бұрын
@snave59 when texting u don't need to use all the letters? IKR? Most j use 1 or no words?🤔😠 peep tell me I use to many letters and punctuation? Twitter ect only give 120 spaces? Gotta use wisely
@josephjuno9555
Жыл бұрын
@snave59 I don't plan to work until I die? Key word is PLAN?
@johnmorrison9758
Жыл бұрын
You may see your savings start to dwindle, but you are no longer paying into it, thus right off the bat, your monthly cost of living goes down. Cost of paying into your savings, as well as the actual costs of going to and from work. I've been retired about 8 years and never have enough time for some things. I keep myself very busy, doing what I want.
@lynnmartz8739
Жыл бұрын
Azul thank you so much. Lots of food for thought. I don't want to wind up scrimping but since you don't know the future, it's hard to be sure you won't come up short. Stay tuned...
@yarnchickenkim
Жыл бұрын
I’ve been a remote worker for almost 8 years now. The change of routine partially happened for me when I transitioned to working from home. It’s kind of a “preretirement” lifestyle. AND it’s great! My husband doesn’t understand why I’d want to officially retire.
@O.O.O.K999
Жыл бұрын
I never earned much but planned to retire early by doing without things (car, holidays) and using the money to pay off the mortgage, then remortgage to buy a second property to let. My early retirement came unexpectedly and years earlier than I planned and frankly, just over 20 years on, and I'm yet to find a 'con'. I don't have much money by many people's standards, but then I don't spend much because I'm happy with what I have and live in the country (as I always dreamed of) a stones throw i.e. about 2 miles from a beautiful coastline. Perhaps the biggest 'pro' was noticing how much my health improved once I was away from work.
@joedublas935
Жыл бұрын
I retired at 58, I was fortunate that my wife worked for the government and I had good healthcare benefits . The best advice I can give is make sure you have some hobbies. I golf twice a week and belong to a motorcycle group that that does day rides at least once a week. Most important is to take care of yourself physically so you can enjoy your retirement.
@yonemitsu1
Жыл бұрын
We didn’t scrimp that’s not the problem. Didn’t have friends at work. So glad to be out of the fake rude people. I still get calls from the gal who took my job. It’s annoying and brings back the bad memories. I have routines. Hubby and I have dates 2 days/ week. I teach 3 x a week fitness classes and that’s my community. . Workout daily and work on side hustle. I had health issues emerge after I quit working. That really sucked. Put weight on that I lost and trying to work on healthy relationship with food.
@dogzillamonster
Жыл бұрын
I took a layoff-retirement 2 years ago at 58 because my IT job along with hundreds of others got shipped to India. Was a little scared and have, maybe combined with the Covid pandemic, been inclined to just stay home most of the time, everything gets delivered and such. It's a comfortable enough place but I do miss socializing. The BIG thing for me is having a gf/partner (of 20 years now) for company; not sure I could handle the new situation alone.
@HealthyMBS1
Жыл бұрын
I don't know what I want to be when I grow up. I'm 51
@asandrik3124
Жыл бұрын
I’m just not going to grow up! Peter Pan!!!
@TopNotch50
Жыл бұрын
Just because I grow old doesn't mean I have to grow up.
@JohnnyPaco-cc2tx
Жыл бұрын
Happy
@charlescz1974
Жыл бұрын
Great production; you exemplify why early retirement is not a smart decision for most. You lose relevance, lose friends, lose self confidence, lose income, become lazy, lose muscle and bone mass, but gain weight… of course I’m being facetious 😎
@marksmoore
Жыл бұрын
Brilliant insight. Glad I watched this. Perfect timing for me.
@MagneticMTB
11 ай бұрын
Love all your videos! Legit.
@beerster
Жыл бұрын
Nice pertinent video. I am 1 month away from the date I have been planning to retire. I will also turn 71. I am the President of our company. I started the company. I have a replacement who will take over, but, he doesn't want me to go yet. My other share owners want me to stick around working part-time. I have been the rain-maker for our company, and our customers want me to stay. When people ask me what I do, I tell them what we do. I tell them I'm in charge of Sales and Marketing. I sign our contracts/documents as the President. That is going to be a big change to accept.
@Phil4469
11 ай бұрын
Thanks Azul another great video and good advice. You have me thinking and planning my post retirement identity something honestly I never really considered. I also didn't think about the lending aspect once I'm no longer working thank you!
@Jacquie_Kirk_111
Жыл бұрын
I call them "situational friends" ! Yup, lost all of them when i retired, but i made a bunch of new friends!
@Chris_at_Home
Жыл бұрын
First off, no one should be buying a home or paying a mortgage when retiring unless selling to downsize and buy a home with the cash from that sale. We built a duplex with cash, bought and paid for a nice vehicle and a few toys. We also build a remote cabin. With SS where I get close to max, pension and rental income life is good.
@TheCogitech
Жыл бұрын
Thanks a lot for the book recommendation! Half way through it now and I am so glad I am reading it!
@normbograham
Жыл бұрын
a former coworker, threw away his cell phone when he retired, worked outside on his yard every day, and on his shore house. he sold it after 10 years, because, although he liked working on it, he wanted to be at his house house more, where his garden was, and he was on a lake. He had some farm property he had not seen in 20 years, in NC. He sold that without even visiting it again.
@jimlangdon4465
Жыл бұрын
Thanks, I appreciate your thoughts. I took your advice and read (listened to) Strength To Strength. All good stuff. The transition struggle continues...
@jerry881
10 ай бұрын
Hi Azul - I really enjoy your videos. Here's a situation I haven't heard you comment on before, or perhaps I missed a video covering this: For those in jobs that (A) are enjoyable and meaningful, and (B) are completely compatible with transition from full-time to part-time, what are the pros and cons of 'soft retiring' by switching from full-time to part time?
@toby9999
11 ай бұрын
I have office acquaintances. They're not friends, and I work from home. I only ever see them on teams. Anticipating my account going down is my greatest obstacle to retiring.
@tbrasc0
Жыл бұрын
1. I plan to have my mortgage paid off long before I retire. 2. I compartmentalise my life, people I've worked with are very rarely long term friends. 3. I expect my retirement fund to decrease over retirement (probably) as I use it. 4. Power that's given to you through work is a fantasy. 5. I Agree.
@Annis-co7vu
7 ай бұрын
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>
@AudraZapoticky55
7 ай бұрын
I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,
@Madlyn55
7 ай бұрын
how do I get in touch with this consultant that assist??>>>>
@AudraZapoticky55
7 ай бұрын
STEPHANIE KOPP MEEKS, that's whom i work with look her
@Madlyn55
7 ай бұрын
Thanks for these recommendations.....,,,
@ly776
Жыл бұрын
For those who had a career that they found meaningful, I think the hardest issues are the non-financial ones you mention. Certainly the loss of the community of people with whom you worked or knew through work, is difficult. One other thing that can affect retirement, is to still have the responsibility to take care of others, e.g. aging parents, children, or grandchildren. That can really constrain what you can do in your retirement - and may not be something you planned on doing, during all the years you were working towards retirement.
@beach4me2007
Жыл бұрын
Thank you for this video
@mojavedesertsonorandesert9531
Жыл бұрын
Retired at 54 , i have absolutely no cons. I was much better off without them, moved to a whole different area and made new friends, my true friends are there and family! 👍🏖️
@rickwilliams108
Жыл бұрын
I don't even like most of my co-workers. Lol
@gregbiles7120
Жыл бұрын
Thanks for mentioning access to debt. I hadn't even worried about it until this weekend when a friend mentioned it to me. We own a home (currently rented out at cashflow neutral) but are planning to sell and just assumed that if needed a home the future (10+ years into retirement) that we could easily buy another home if desired. We had assumed that AGI from SS and IRAs would be sufficient to get a mortgage. It sounds like from you and him that this isn't the case.
@Iamwithspirit
Жыл бұрын
Not true. Your AGI after a couple of year’s retirement is what a mortgage loan officer would look at. I do mortgages for retired people and they aren’t turned down at any higher percentage either. I plan to avoid debt in retirement though.
@JBoy340a
Жыл бұрын
Thanks for the recommendation on the Strength-to-Strength book. I ordered it an hope to start reading it soon. I am at the point where I need to decide when to step back. Financially I have been ready for a long while, emotionally is another story. I work in tech and there is always something new to learn. And since I am independent consultant, and can work or not work as desired.
@alexanderlyon
Жыл бұрын
Great stuff. I think your point about the account balance going down will be the most difficult for me. I'll have to come to terms with that.
@yonemitsu1
Жыл бұрын
Yes ares came down we had major vehicle repairs, went on a trip. Got sick and on expensive medication
@Sylvan_dB
Жыл бұрын
Wow, here before the spammers!
@Travlinmo
Жыл бұрын
@Sylvan_dB I have this crypto thingy right here if dial I-R-Foolish on your ‘fone’
@prmm218
Жыл бұрын
😂
@bigjohnson7415
Жыл бұрын
Oh like "I made $20k last month thanks to Suzie Shorthairs" and 16 replays of "What's her contact" or the "Yes Suzie worked great for me!" 😂😂😂
@Travlinmo
Жыл бұрын
@@bigjohnson7415 All of that should be trivial for KZitem to pull down but they don’t even try.
@southbound1969
Жыл бұрын
I have not heard this angle before, thanks Blue
@philsmith8724
Жыл бұрын
I retired last year at 58 and find that my biggest expense is Healthcare (both high premiums and high out of pocket)
@Aboite81
Жыл бұрын
Great video and great topics.
@bigjohnson7415
Жыл бұрын
I thought you were going to say your hair!🤣🤣🤣
@navsofour2892
Жыл бұрын
Fantastic video, lots of food for thought here. Thank you.
@luistor4510
Жыл бұрын
People from work are not your friends
@juliekline
Жыл бұрын
Your videos, especially this one, are really helping me prepare for my retirement. Thank you!
@mooganstooker2419
Жыл бұрын
The people I know who have retired are all bored to tears and are deteriorating mentally.
@MicheIIePucca
Жыл бұрын
I'm retired, and yes, you don't get employment income, but I have 5 different pensions (even before I touch my RRSPs) I collect off which provides me an income that is even more reliable than an employer, because those pensions will come to me monthly until I die.
@dennissvitak148
Жыл бұрын
For my wife and I, five things that vanished? A car payment..as we sold one, and paid cash for the second. Second? Stress..there simply isn't any. Third? Our time management issues. We have time to do anything we want. As far as access to debt...for us, it's the opposite. Our INCOME at retirement (we're both fully retired now for six years) is six figures. Our income is the safest...with five separate pensions between the two of us. You can't fire us, and take our pensions away. You just have to plan.
@socorrobarredo2724
Жыл бұрын
I have no routine. My routine every morning was to say "I dont wanna go to work!"
@ericfleet9602
Жыл бұрын
Why do I need debt if I'm retired? Ultimately, if I want to pay something back I'm going to have to take it from my retirement account so why not just pay it from my retirement account in the first place?
@Broker-in-Maine
Жыл бұрын
The reason is if you leave it in your account it gains interest…if you spend it up front.. you lose the power of compounding interest.
@ericfleet9602
Жыл бұрын
@@Broker-in-Maine debt incurs interest costs as well...
@johnbrown1851
Жыл бұрын
Taking out debt made more sense a few years ago when you could get a mortgage for 2-3 %. Not too tempting now.
@louannhuber2651
Жыл бұрын
Some people have a big fat government pension and can afford mortgage and car payments. They want nicer things so they get them on credit. (I’m not one of them)
@zackdreamcast
Жыл бұрын
Thank you so much for talking a least a but about retiring EARLY.
@jdenino6022
Жыл бұрын
My husband retired 2 months ago and then he decided to go back to work 2 days a week. If he does that he will potentially be making about $50,000 a year and can delay social security. Who knows if he’ll stay with the 2 days a week working though. He hates his 1 1/2 commute each way. Likes getting a regular paycheck though.
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