it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

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.

@benitabussell....... This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.

*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

Thank you for sharing, I must say, Sharon appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

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.

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.

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.

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.

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

Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.

A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.

Could you provide information about your advisor? I'm interested in using my boosted cash flow to invest in stocks and alternative assets to meet my financial objectives.

Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.

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

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge, And it also all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

Impressive can you share more info?

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

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.

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers

Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments

Hope you don't mind if I ask you to recommend this particular professional you use their service?

There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.

I'm very much aware of the great benefits of working with a pro but I haven't found one for myself

Important of investing cannot be overemphasized, that's the only way to gain financial freedom

Crypto and real estate crowdfunding are awesome investment options, it's great you are growing with Bianca Harley Doran

These are very info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it.we may not want to admit, but as warren buffett once said, investing is like any other profession, it requires a certain level of expertise. Not surprise that some people are losing a lot of money I'm the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it . I've got $150k set aside to put in the market

Understanding personal finance and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend and invest their money. I know someone who made over $350k in this recession-nfluenced market,but to the best of my knowledge, it was through an F.A

What's the best investment now ? I'm afraid to make wrong decisions.

Investment is the key to sustaining your financial longevity. And not just an investment but an investment with guaranteed returns.

@@shanoimelissa3425 I invest and trade financial market. It's been very lucrative. With the profit i made over a year, I was able to buy a restaurant. But trading is not what you do without proper guidance. I have a broker he handles all my trading activities and makes sure my portfolio is diversified into various sectors of the market.

@@evelync1504 sounds better, how can I start with your broker?

@@shanoimelissa3425 you can mail him directly via 👇

Work on our terms.

That's key

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.

Since the outbreak of 2020, which had a significant impact on the market, I've been running all of my investment decisions through an investment coach because their entire philosophy is centered around using a high-profit oriented blueprint while simultaneously going long and short, as well as reducing risk exposure as a hedge against inevitable downtrends. Underperforming is almost impossible when combined with their access to strange data and analysis.

@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?

Credits to "Gertrude Margaret Quinto", she maintains an online presence. Just make a simple search for her name online.

Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, wrote her an email outlining my objectives. Thanks for sharing.

That’s right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by the financial advisor I use, so you don't necessarily need to be a perfect investor or do the hard works, just have a professional to guide you.

That's impressive, the thought of reaching out to a financial advisor has crossed my mind severally but the fear of loosing funds cripples me, please who is your financial advisor and how do I make contact with them?

Lisa Ann Moberly, a simple search with her name will suffice, she's all over the net.

Thanks for this amazing tips, I looked her up and booked a call session with her, she seems proficient

It's great to hear about your interest in stock market investing for retirement. While it can be a powerful wealth-building tool, market volatility can seem daunting, especially for newcomers. To navigate this, diversification and a long-term perspective are key. I'd be happy to discuss strategies, investment ideas, and share insights that can help you build a solid investment plan. What are your specific goals for your retirement portfolio, or do you have any questions you'd like to explore further?

For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs.The importance of having financial safety could be why boomers are turning towards advisors in retirement planning

A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good strategy to plan for retirement, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 90% in a little over four years.

There has been so much knowledge shared here, I'm at a crossroads with my portfolio and would like to see it grow in view of retirement. How can I reach this professional?

'Monica Selena Park' is the CFP that guides me, her reputation precedes the exemplary service she offers, and I'd gladly commend her on a public post, you can locate her if you are internet-savvy.

Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.

Good for you!! You're a great American success story. My wife and I are trying to do the same, actually.

Truly It’s all about accumulating wealth through compound interest investments.

I did read about Olivia Rene Reyes, quite an interesting lady to look up on the web.

Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth

Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

lucky for me i stumbled upon this and i must say i'm really looking forward to working with Olivia

That's truly captivating! I'm utterly intrigued. How can I connect with your financial adviser?

Sharon Sue Parker, a distinguished financial consultant, has been an illuminating guide in my journey. You might recognize her name from a recent spotlight in Newsweek. She stands as a prominent figure in the financial market, an individual whose expertise is truly deserving of deeper exploration!

It seems she possesses an abundance of knowledge and has delved deep into extensive studies. After a quick search of her name, I stumbled upon her website. Grateful for your willingness to share this treasure trove of information.

Placing my investment portfolio under Sharon Sue Parker's adept guidance has transformed my financial journey entirely. Her skillful management has revolutionized the way I approach wealth generation, leaving an indelible mark on my investment landscape.

For retirees stepping into the world of investments, teaming up with an experienced financial consultant is paramount. This partnership plays a dual role: guiding as a mentor and protecting your wealth. It sharpens your trading strategies, boosts potential profits, and significantly lowers the risk of endangering your lifetime savings.

This is a accurate. Retirement doesn't have to mean you don't work. It means you have the option of working or not, and working where you want. You get to be picky with your time and lifestyle.

I agree Flynn, I started investing 2016 and that same year I pulled a profit of about[$600,000]profit with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a pro assist you

@Colt Rocky The advisor I use is Diana Claire Lougen, she;s verifiable , so you could just search her.

This recommendation is coming at the right time because i am literally grasping for straws atm! I verified her online and scheduled a phone call with her.

[I curiously looked her-up and I can see she;s has worked with top notch companie;s like M&T--SECURITIE;S , I have an account with them. Serendipity!!!

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......,

how do I get in touch with this consultant that assist??>>>>

STEPHANIE KOPP MEEKS, that's whom i work with look her

Thanks for these recommendations.....,,,

32 shooting for 50

Sounds like a plan!

nice, I think everyone should be able to retire at 50, still young enough to do everything you want. 65 is way too old in my opinion.

@@dfiniin6820 ideally if you have an enjoyable career that you can scale back and work 20 or 30 hours per week, that's even better

Hopefully when get to 65 we won't think 65 is too old. Gotta also take care of our health along the way :)

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......,.,.,.,

how do I get in touch with this consultant that assist??>>>>

STEPHANIE KOPP MEEKS, that's whom i work with look her

Thanks for these recommendations.....,,,

I noticed that too. Frankly, I prefer the S&P because I never hear exactly what funds outperform it.

@Austin Duke As a fiduciary financial advisor myself, I suggest not even attempting to beat the market. I don't. Too much effort when even the "best and the brightest" on Wall Street consistently underperform. I personally think Dave has historically done his listeners a disservice by pushing actively managed mutual funds and claiming that finding ones that outperform the market "isn't that hard" to do. I think this has been his way of pushing listeners to his SmartVestor Pros who pay affiliation fees to be endorsed local providers. The easiest thing you can do is open an account with a company like Fidelity or Vanguard and invest in a Target Date Retirement Index Fund. Take your birthdate + 65 and that is the year of the fund you should pick. Ex.) Vanguard 2060 Target Date Retirement Fund.

@@tommymodec Just don't buy a target date fund in a taxable account. They're usually ok, but there was a bit of controversy last year when Vanguard changed minimums on the cheaper share classes and people got huge capital gains tax bill because the funds had massive outflows.

​@@jdmulloy personally I picked the target that is a year or two before I can touch the money penalty free. So age+59, and round down to the nearest 5 since they don't do 2062 funds.

Exactly. A lot of people assume early retirement means lying on a beach or watching daytime tv all day every day 🙄

Perfect summation. Retirement for many doesn't mean don't work. It means the money is supplemental, not necessary. It means getting to take more risks to do what you like, rather than what you have to do. To work less, or set your own hours, etc. Basically, be in control of what you do, when you do it, and how you do it.

Yes styling hair is a very physically demanding job. I am surprised anyone can do it for such a long time without their arms just becoming super jacked. I bet you can bench 400lb with a carrer like that

yea there a lot of physical jobs that you might not want to retire early but you might want to work less. i mean hairsylist and carpter michance pluber and a million other jobs.

I know a guy who retired at 39 thru real estate and he’s playing video games all day mostly lol he’s living the life. He spends only 2-3 hrs a week on his business and rest he’s free. He’s not married, no kids etc

@@edb484 would love to learn how to replicate that

It's simple if you start early. Just invest in index funds every month. Keep expenses low and invest as much as you can. 20 years of that and you'll be just about there. If you start at 20 you can retire by 40 if you're serious about it.

He could monetize playing video games.

Here’s what I did. Used FHA loan and only put 3% down on my house. After a couple years the house worth increased so I had 20% equity in the house and I refinanced to get rid of PMI. So I’d pick a price range of a house. Make sure the mortgage, insurance and taxes aren’t more than 25% of your monthly income. Save your 3% down payment and then buy you a house. Also recommend a 30 year mortgage. A 30 year mortgage can be paid off in 15 but a 15 year mortgage can’t be paid off in 30. All about giving yourself flexibility.

It's insurance, it's security, and it's basically the ability to choose exactly what you do, regardless of income. For example, I have a couple of jobs in mind for retirement, but I wouldn't be able to make the money off of them to do the things I want to do in life. There's just no way. Now, in retirement? I wouldn't care if I was working those jobs for minimum wage

You are a spot on! I was so happy to finally become financially independent and know that if I got laid off tomorrow because I was too old it wouldn't hurt me and I would have the option to find another job or not.

@what'sapp👉±❶❽❶❽❾❹❷❼❷❾❷ GREEN EGGS AND SPAM.

I've got a 457. That's a sweet deal.

Yeah I’m in the 457 scenario.

Don't forget taxable accounts

@@Rosetteismyname Dave includes taxable accounts. I brought up ways to get money out of your tax advantaged (roth and/or traditional) accounts. Dave treats those accounts as if you can't touch them until you're 59 1/2.

Not saying your wrong, but I did feed 2 kids, payed for wife's college, our mortgage and bills on 30k working in restaurants. I hated it, but it was the path we chose. We are stronger now because of those times.

Yes. To answer the question at the 5:30 mark about why people in their 20s or 30s are so eager to retire or planning to do something else..... Because MOST people can't or at least don't end up doing what they love or are passionate about. If that was the case, the world wouldn't function. Too many jobs are required that aren't necessarily desirable, but needed, to have a functioning society. Often times yes, maybe you can find a way to make what you love to do have income, but maybe not enough to live the way you want. So the quicker you can build up to the point where you can start to do what you like, but not have to worry about not making enough money because you are way ahead, the better.

@@mattschmitt9924 Sure, it isn't impossible But there's a balance. I could quit my job now(I don't hate it, but I certainly don't like it. It's more of less boring and going to the same place every day isn't desirable for me regardless), go work elsewhere I might like more for half the pay and technically still pay all my bills. But ultimately, I'd never have or get to do half the things I want to do in life. (actually more by the time you invest wisely) So again, finding that balance. Where you save save save, get that freedom, allows some to find their passion earlier rather than later. Finding it at 50-55, even if you sacrifice more at 30, is better than finding it at 70, or not at all. In an ideal world, I'd love to find that balance today, or 10 years ago. I'm 35. But again, it's about the balance to be able to do what I want now, to an extent, while also building to a better future even if I could find a better now. I mean, isn't that what Ramsey is all about anyways?

Absolutely agree

Couldn’t of said it better myself !

Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos

now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.

Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?

search her name on the internet to reach her

You will be working again by 40 if you do that unless you are already a multimillionaire like 10-15 million

What index funds do you invest in Professor Nolan Gouveia?

@@coltonparsons4852 and with whom does he invest with? Vanguard? Fidelity?

He never answers the freakin question

@Austin Duke Austin Dave didn't really seem to pay attention to this guys question about retiring early. Instead. Dave and company always finds something wrong with it and are like 'why do you want to retire early's except I think he beat them to the punch this time. They are so childish when it comes to F.I.R.E. Literally someone could have all their ducks in a row straightened like the military and they'd call it crooked

Yep. Dave’s an hypocrite in more ways than one.

Absolutely

Passive aggressive was the correct response.

@@jrwntctv8091 Why?

Good resource!

“Our Rich Journey” are great. Love them

@Prey R not in my opinion….when talking about wealth…it would be a mindset…but when talking about mindset…it doesn’t necessarily mean wealth….if that makes sense

Yea. He’s been saying that for years

He is fine with S&P 500, he just prefers the (good) mutual funds more when it is available.

Call in

Call in and hope the call screener doesn’t think your topic is stupid.

Sorry Rachel he invented beans and rice. Dave knows more than 99% of the YT clowns.

He knows that FI is admirable but RE is stupid.

Agreed. He is great to help you get debt free but FIRE expert he is not

As someone who had a net worth of negative $118k 8 years ago, who currently has a net worth of $380k, and never had a household income over $85k -- I'm going to keep doing everything Dave Ramsey says and let the haters hate.

@@PartScavenger no hate here. Just saying he isn’t an expert in FI

Amen! This seems to be a secret, my wife and I are retired and pulling 401k funds this way.

Talk about it....His strategy versus F.i.r.e strategy. They could help him a lot bettet

@@rosettejones5050 I think Dave Ramsey is great for people who have no idea how to manage money and want to get out of debt. But if you’re looking at Dave Ramsey for investing advice then you’re not looking in the right place. He makes absurd statements like the market average is 12% a year so that means you can withdraw 8% a year in retirement. That’s absolutely ridiculous. You would be much better in the long-term talking to a fee only fiduciary financial planner, or finding the right resources on KZfaq and books

? are you going to pay taxes in retirement. My pension is ~$100K and I don't pay taxes

@Prey R Not talking about ROTH, My pension is ~$100K and I don't pay taxes. Are you living above $100K/yr? If you put the money in a Traditional IRA, you would have gotten tax benefits right away.

@Prey R Pre tax, you pay taxes on all of the withdrawals. The point is with deductions and credits, at $100K/yr, I pay no federal taxes, So in a ROTH, you pay taxes on it up front. Maybe 25%, That's $5K on $20K

Same especially in corporate America where capitalism is now out of control.

Get a different job

@@evanserickson Nope. It's work I loathe and not my job specifically.

you need to get different people, and a different mindset.

@@702prodigy NOPE. People at my job are nice. I don't like people though. I hate being FORCED to do anything. Work (outside of prison and conscription) is the ultimate in that. Forced to go somewhere you don't want to be for at least 2 decades unless you inherit money.