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?

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

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.

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?

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.

I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

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

Sonya lee Mitchell 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.

Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.

The advice would simply be to sell everything to pay off your debt and then keep working

@@Azel247 sell everything to who?

@@chosenlyric That's up to you

i am in my 30's and this scares me

Have no farm, only 7 acres but buying a 26k tractor… that’s US right here… I have 20 acres, and I have cattle horses, chicken, pigs and more and I do have a tractor, but I bought it for 10k cash and thought that this is already insane…

That’s true, I’d rather him be upset at me than compassionate with me 😂😂

That dodge viper isn’t going to buy itself

Most definitely and work at a bank and see how people manage money and they would be surprised

Please let this go viral

Young adults can't comprehend 67 years old

@maureenogorman8740 Very true. Nobody thinks it will happen to them. If people didn't go broke left and right, Dave Ramesy wouldn't have the career that he does. That's why the show is restorative in nature, not preventative.

Agree maybe I’m bitter but I don’t care about those super rich folks who just don’t know how to handle their finances

I like hearing both because it shows that it’s not about how much money you have it’s mainly about your behavior

This caller seems delusional. 30 year old student loan but a $27K tractor? Husband is too disabled to work but is going hunting? I cannot relate

⁠@@TonyCox1351exactly, maybe the ppl with half a mil annual income is unrelatable to some ppl, but 75yr old disabled person still having hobby to go hunting every day is equally as unrelatable to me

I agree! And people have to stop judging them.

I laugh at people who are waiting for loan forgiveness because this is how they're going to end up lol

The way things are right now for students that will be common place in the coming decades student loan debt is crazy now, and most students have no idea how or if they'll be able to pay it back 🤦🤦🤦

Note she said she hadn't paid on it in 3-years... Some wounds don't heal -- they fester and rot.

​@@nightfangs2910for 24 years? lmao

@@lolwtnick4362 Yep. Those student loans NEVER go away unless you pay them off or die. That's why Dave is so against them because they are one of the worst loans and hardest ones to pay off. So it's not uncommon at all for people to have student loans in their 60s nowadays. And with the way everything is going now, in another 40 or 50 years, people will have their own student loans into their 80s. Very sad, but unfortuneately it's true.

💯

That compounding interest is the killer and source of income for the government.

Oh so you think everyone just has the money - and she's probably been screwed on interest.

@@Hopeful62 her student loan is from 1999, she had the money to pay it off years ago. She just didn't have the discipline.

She hasn’t paid her student loans In 20 years and she keeps voting biden in hopes of him forgiving her student loans

Self-induced crisis.

MEDICAL bills probably

@@dianetownsend9813 Sure, I also had to finance a tractor the last time I got sick.

And living in the south

@@electrodynamicorb6548doesn't matter where one lives, if they have no sense of planning for their life and finance, they be broke no matter what

Scary scary

We pay into social security . It’s not a handout . I hope she gets it because she worked for it .

​@novakd1530a system with a large deficit will eventually topple

How long do you think she paid into the system? Social security is owed to her because she paid into it.

Social security will absolutely need to be stopped, or our dollar will collapse. It's evil that politicians stole/steal our money, and then spend it on other things, but thats what many have, and continue to vote for. I won't see a dime of the money the government has stolen from me so far. So better to stop the stealing sooner while we MIGHT still be able to recover our dollar (honestly, it's probably already too late) than wait until a complete collapse.

If they stopped social security, people would be marching in the streets. It won’t happen.

I feel your pain, as I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 200k so far and pretty sure I'm ready for whatever comes.

So who is the advisor that tutored you? And how can I contact them, i'm in need of their skillset.

Lisa Ann Moberly, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

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.

The name drop is coming.

Good man. I'm working and saving, hopefully I can say the same in 20-30 years.

That's awesome. You are proof that a big income or having a high level of education doesn't mean too much. It's how you spent and saved all your life is how you are able to retire at a younger age.

Same here,no education ,hard work,own my home,cars and toys! Living large on a thousand a month! 😊😊😊

Laborer until 62??? You're not human. I told my boys if I'm still doing that at the age of 60 just kill me. Hats off!

Darn, preach that! Shout it from the mountain top.

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.

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.

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?

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.

The greatest technique for beginners is to trade with the supervision of an expert.

One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.

I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

@@mikegarvey17Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.

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.

I'm a bit older than you and feel the same way. It's crazy because I look back at how my parents quit working when they were 62 years old with nothing saved and no house and receiving next to nothing in social security. I have no idea how they would have made it without help from us kids. They for sure would have been homeless. They just live each day without any thought towards tomorrow.

Invest in silver and gold. Buy what you can and when you can and don't touch it.

Shoot Im 27 getting my ish together. I refuse to work until 65 and I need a million dollars to retire

You putting $300/month on whatever wouldnt make an impact at 41.

@@PersnameLastname ok?? Who’s plan is $300/mo?

COPD equals Chain Smoker 90% of the time.

@@robertwalker5521yup. My mom had COPD and she smoked a lot when she was younger.

You can get a lot done in 10 years. I'm 61 and most of my retirement nestt egg was made in the last 10

@@MikeBarbarossaI’ve been able to contribute 50% the last five years and luckily I had a pd off house so I will now have at least $400,000 in my savings plus an accelerated social security check. Almost all of this earned in the last ten years - and the funny part is I’m getting a new job that pays 30-40% more than my present one.

Hopefully he doesn’t die before she gets SS

It’s probably what they bought it for

Yeah. 7 acres out in the sticks is not going to be sustainable when they hit their 80s. Doesn't sound like they have a bunch of common sense either way. I have relatives who come into money when someone dies or get some settlement and the money disappears just as fast as it came. There's a reason why poor people are poor. They don't know how to manage money and they never will.

Didn't know that so many people had tractors.

@@steelcastle5616 This guy..😂

@@goforbroke2 LOL...

Phuck the banks. It's their problem

You remember all those people who partied and didn't take life seriously at all when they were young between 1980-2000. Assuming they didn't die, this they grew up and became this person. 0 sympathy.

I fully agree 😊

Yes, at least she's taking steps to improve her situation. My parents both retired at age 62 with no savings, no house and no car. They would have been homeless if it wasn't for us "kids" helping them out.

@@kensmith2796 Wait. So your parents expected their kids to fund their early retirement? That isn't right.

I agree but I can not help but judge... point is... you need to start young with retirement savings.

This. People who follow Dave can be so smug behind their computer screens when it's not their financial situation being scrutinized.

It’s not funny but at the same time funny. So confused. 😵‍💫😆

Did anybody else noticed that she talked about the land had something to do with heirs? Sounds like her and hubby have been banking on getting a big piece of this land at some point in the future and that's not going to happen and hope he's about to croak anyway so she's figuring out that she's got no plan other than waiting on some hillbilly family to come to an agreement on how to split up Grandpa's plots!

@@thegreatbamboozler4837that actually makes sense, it could explain how she’s 61 and doesn’t have a dime saved, waiting for some windfall that never came…

I didn't start getting serious about retirement till I was in my mid 40s. I always think "Damn I wish I would have started earlier and I hope that I will have enough". Then I hear calls like this and then I realize that it could have been much worse. I could have woken up when it was time to retire and not be able too cause I would have had 0 money. Then I'd be working for the rest of my life.

😂😂..Can't even feel sorry for her.

Wow

Midlife crisis student loan.

Shoulda went cash under the table years ago.

I know the feeling. 🤮 I'm in my forties.

He prob qualifies for the forgiveness

And grow old doing it.

Don’t be her 💀

Some people don’t have much of choice.

Well obviously hence her calling

@@voycodin5042 she had a choice. She is buying $26,000 tractors and declining a 4% 401k match at work. Just bad decisions.

wtf why?

@@Dan16673 because that’s how they are

Yikes

@@harknowhere I hope you ran the other way

They expect you to provide for them, huh?

Medical bills might have added to that, that will drain you in a hurry.

@@durgan5668 Yes, that could do it.

@@durgan5668 With her financial situation, she may be eligible for Medicaid, if she's not already getting it and if not, she should apply for it.

@@durgan5668what's interesting is the husband is still not willing to give up the hunting life style even with all the health conditions 😂

You have done great for yourselves. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success.

Thanks so much I was able to find her page and I already leave her a message.

The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires, I'm surprised you know her too . Stephanie is Good!

This is so amazing! Yall are still young and living a financial freedom life. I'm 35 and my husband is 39 we have been on Dave's plan since 2019 and I'm very proud of how we stuck to the plan. Plus we invest and have 401ks..We will be completely debt free once our home Is paid off. Can't wait to tell my story and see where we are In 20 yrs. This is so motivating. I wish we had started in our early 20s but 30s is better than never.

She's playing on ignorance

I'm glad Dave called her out on that.

It's ridiculous and very telling how she got into this predicament. How did she graduate college saying, "I'm country?" That tells you something about the authenticity of a large swathe of so-called higher education. Dave always rails about overpaying for a car so you can impress at a stoplight. What about going six figures in the debt so you can wear a university sweatshirt in the grocery store? College is an infomercial with an attendance requirement. These people sabotaged your life with debt for a communication degree, and you're going to hang an ad for them around your neck? Fool!

I'm spending it all so there's nothing to take!

Watch the video again goober her land is worth 5k which isn't much

@@MrTmenzo So she’s living in a teepee on her hunting land? Dave never asked her where she’s living. They have a house somewhere, But they need to downsize immediately, she will not be riding a tractor at 75 unless she’s insane. Elderly people need to get ready for Health crisis management.

Sounds like paid off land that's been in family for a long time. Farming is a lifestyle & it would kill them early to downsize & live in some small house. Maybe boarding horses could bring in some extra income. PS riding a tractor is Awesome!! My friend was regularly riding one at 83, me in my 70s

@@MrTmenzo I'm guessing she hasn't had the property appraised in 30+ years. The average price per acre in Arkansas is almost $16k. She's sitting on $100K+ in land

She never once mentioned having medical debt. Praying she makes drastic changes, pays off her debts in 2 years ($69k = beans & rice cooked 100 different ways), then continues to work until she's at least 70, investing/receiving 401k match!! She won't be a millionaire, but she'll be fine.

Well put. The fact that she has no savings could be due to: bills she didn't mention or simply life. Whenever someone says they have no money, we (including me), should not "assume" that the reason is foolish money management. Wages for millions of workers have been stagnant for decades. Add to that: an unexpected job loss or medical bills, and before you know it, you have nothing. That is REAL life.

It is healthy to judge others choices when determining what are the better choices available. If you're saying that we should not condemn someone, I agree. But, it is perfectly normal to judge, especially when someone puts their life out there to be analyzed and picked apart on a radio talk show. My judgement, no one should wait until this age to start thinking about retirement. And I guarantee those surgeries did not occur in their twenties or thirties, likely not their forties, either. They decided to not care until it was too late to not care, which is their right. We all have our personal freedoms, but those freedoms come with personal consequences.

Just to remind you dear Sister - there's no luck with God, it's purely His Will and our Obedience to Him

Rubbish. Call it like it is: this woman and her hubby lived paycheck to paycheck for decades and never applied the discipline they should have. She bought a tractor despite student debt from the 90’s.

True...she's gotten this far making excuses after excuse after excuse...

My mom’s Reevaluating at 76 with an 84 year old spouse 🤷🏽‍♂️

@@chosenlyricreally what is she changing that she has a choice about? Being broke and changing due to no money doesn’t count lol.

Yep, she is so not going to sell that tractor.

exactly. I know a lot of people like this, sadly. And they usually don't change. If you've never planned for the future, starting to do it in your 60s is almost impossible. She needs a financial/life coach making her decisions for her. And who knows how many family members have tried and failed to get them to turn that Titanic around.

A tractor out in the middle of nowhere is probably extremely helpful. That said, it's a luxury still... not absolutely vital.

Yes, her biggest break is she makes 67k a year. Usually they are like her and make 35k or unemployed.

What kind of investment would you advise? And what is the best way to follow it?

who said she makes it to 80?

Been happening for years if you are bad with money you'll always be bad with money

@@ykook7000 my life changed when I took FPU and followed the baby steps.

Same 😭

Just move to Europe if you wanna avoid this American debt trap way of life

@@mertm.995 I totally would if I didn’t have family responsibilities here.

I’m 39 and I max out my 401k and Roth. These people give me a panic attack 😅

agree. save whatever you can if you can. don't eat out. don't waste money on things you don't need. if you have kids, you don't have to buy them expensive toys. no one there to help except your own two hands.

Me too. I always encourage younger people to at least contribute what the employer matches. I make a big deal about it being free money and that always gives them a lightbulb moment lol.

​@@bunacat1yup, my work pension was conpulsory - it came off before I got my wages, but 30 years of it happenning means I now have enough to live off during my retirement.

I remember people saying that they couldn't afford to save for retirement. Some that did save, wound up cashing out their 401Ks and paying heavy penalties. I do wonder how those folks are getting by now. The key is simple - put pretax money in your 401K, get your employer's match and don't touch it.

I used to work for a Big 4 accounting firm and there was a senior manager there that was not contributing to the 401k! You just never know what people's financial lives are like behind the scenes.

I’m doing just that right now, and opting to buy real estate instead. Pretty risky without a doubt, but I never liked the idea of waiting until I’m 62 to reap any benefits.

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.

You two are so cheap, you share a free KZfaq account.

😂​@@GDuncan8002😂

More like pathetic

I wonder what degree it was for. Maybe that is why she is making 67k a year and not 35k.

No way she'll be able to max out 401k with $67000 unless she's totally debt free.

I would sell the tractor, and stop leasing hunting property that they probably are not using anyway( he is disabled). Then she should at least invest her 4% of wages in the 401k plan with matching until she reaches 70 years old. Being age 61 now, the resulting 491k would not be a lot of retirement income, but better than nothing.

401k......

Yup. People want to eat their cake and have it too…spend spend spend their whole life but still retire as soon as they’re able

@@TonyCox1351 Yeah, that's why so many end up moving in with families or having to go back to work when they are in their 70s. They never should have retired in the 1st place cause they were far from ready. I would LOVE to retire. But I will not retire until my house is paid off and I have more funds in my retirement account.

She needs to work to at least 72 so she can have working income and social security income for a couple of years to stacks chips.

Agree with your conclusion. Sad Painful reality of life. She MUST work as long as possible.

She doesn’t even have time to really count on investing to save her. She only has a few years she just need to save everything. Starting retirement savings at 61 kills the compound growth. She be lucky to keep up with inflation on savings.

or you can take steps today to ensure that doesn't happen

😅. Come on. You will use this as a reminder of what not to do. ❤❤

​@@fauxbro1983right

@@fauxbro1983 I understand jokes and sarcasm are hard to read, but come on

They can’t honestly. They are set in their ways and it’s just too late to pretend they are going to have an epiphany and a life change. It won’t happen.

​@@patty109109yeah...can't never could do nothing! Pfft!

That tractor is what's killing them (and 23-year old student loan and personal loans). If the machine isn't producing food to eat and/or things to sell, it (and the other loans) is sucking them dry.

You can currently max out all investment accounts to 30k a year. 30 x 6 is 180 not including growth and match. She could do it but yeah it ain't happening based off her tone lol

Their property is paid for, and their household income is probably in the 50k range after taxes. Once they clear the debt, if they don't have any major medical expenses, and if she's still earning the same salary, and if they cut their expenses down to the minimum, saving 25k per year should be in reach... But that is a lot of "if's".

I don't see how you can have 200,000. In 7 years

*Starting from -70k

That's a decent salary but not if you drowning In debt. She has been living check to check can't save from giving it to lenders plus interest.

She’s too busy buying $26,000 tractors to move brush around

@@adamseidel9780 On some junk land too!

Well, it costs around $45,000 to live in a studio apartment and have no emergency costs. And that’s only a little under what she’d take home after taxes. Also, we don’t know how long she’s been earning that much.

@graceg3250 well, what I'm saying is that she's 61 yrs old and has NOTHING saved..from age 21 to age 61, you should definitely have some money saved, working all those yrs.

what do you do when you retire that early? ppl talking abt retiring early, but i find life very boring having nothing to do every day. Hobbies can only last so long(and most cost a lot of $$ that savings may not be enough to support when retiring that early)

Girl stop lying.

I'd advice you read up some good books on investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you focus on.

@aureliobjm I agree, having a portfoIio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

@tommyers It's a good time to buy and basically I've just got cash sitting duck in the bank too and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?

@bezosjesss The adviser that guides me is HEATHER LEE LARIONI. She works with Empower FinanciaI services near my old office so I see her often to discuss my business. There are a lot of independent advisors you might look into. But for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

@tommyers Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals

Some people do not get a financial education til late in life don't look down on them.

I started saving for retirement when I was 38. However, I went to nursing school and I was forced to live on my IRA as I spent SIX years trying to launch a nursing career. I have accepted that I will be working until I am unable to.

You are correct. I used to work for a Big 4 accounting firm and there was a senior manager that wasn't contributing to the 401k! This was someone who was probably making 180k/year.

Eating out is the destroying of your budget and health. I have some good friends who are generally pretty frugal people. Their only real indulgence is eating out. They have eaten from the day they started working after college. Every meal. They buy lunch and dinner out and bring leftovers home to eat for breakfast. We in contrast pack our lunches and make food at home. She is also a SHM since their first kid was born while both of us work while juggling home and kids. We are now almost 60 and it’s caught up with them. He is so tired and would like to retire soon. We are in solid financial shape, debt free with 4 M in assets. They still have a mortgage and only saved the 4% match in 401k instead maxing it out. Their health has also suffered. He is very overweight and she is stage 2 obese. Her joints are giving out and she can only walk about 1/4 mile. She developed diabetes by age 50. We are both healthy weight and green A1C. The big delta in our lifestyles in eating out. Sure it’s nice that I am FT now but I was PT for many years to take care of the kids and we had to pay for childcare. So our incomes weren’t that different. If they had eaten at home for the last 30 years they could have put 15% aside instead of 4%.

People waste money more and more.

problem is...SOME people in govt call this inequality and will tax the crap out of the responsible and give it to these people. ALL for votes.....

@@peartfaldo Exhibit 1: Biden & Democrats.

So this country girl that was partying and having fun in 1990 was voting democrat all this time?

@@rickw3243give it a rest and spend time doing research. You maga supporters don’t have a clue. He loves the uneducated.

Nobody should pity her one tiny little bit. She’s a fully capable individual, she’s just made repeated foolish decisions her entire life. Glad she enjoys her little bit of land, because it’s all she’s ever going to have the rest of the way.

I'd definitely make room in the budget for life insurance on the husband.

@@steelcastle5616 Hopefully he already has life insurance. Gonna be tough if she's just now getting it with his COPD and emphysema.

She’ll be in the same tractor*

@@steelcastle5616he's uninsurable at this point in his life.

@@Theegoaat Good point...

Considering that I am only three years away from retirement, it becomes challenging for me to solely concentrate on the long-term perspective. Despite having invested in reputable companies and having a significant amount of funds allocated, my profits have been stagnant. This situation raises the question: Does the current recession and unstable market offer any calculated risk opportunities for generating profits?

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.....,,,

Yeah, the only way is if it's in between other private land with no legal access. Hell I would still probably buy it for that with the hopes that I could sell it to whoever buys one of the neighboring plots someday in the future to allow them to expand their land. He should have asked how much her HOUSE was worth...not the "extra land".

That’s a good idea. Except they would never say to take out of retirement before retirement.

Too far gone now won't pull it back anytime soon

There is no reason people are in that situation other than a lifetime of stupidity.

2 mo ago we bought a Hyundai with 118k for $3k. You have to look for cars that little old ladies drove to church and the hair salon.

Wrong...I bought my mom a decent Buick with 112k miles for 4k. It runs and drives just fine. Something has to change for this lady to stop buying stuff they can't afford. Her plan is totally broke.

My family always bought cars for around that price. They exist. You just have to know where to look.

I agree!!!!!! Times have surely changed

@@christinagreenwood2370 My wife and I go to estate sales and see old cars with low milage. Cars purchase by 60-somethings who are now late 70's+ (or deceased). Not sure what kind of shape a 15-20-year-old car is in...rotten hoses and tires and clogged lines, rust issues, sludge (?) but the route to go if you are low on cash.

Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.

With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds

Pls who is this coach that guides you? I’m in dire need of one

NICOLE DESIREE SIMON is the Consultant that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.

I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks

hopefully by then she'll consider selling her tractor and hunting land for her retirement. she's obviously not convinced now she needs to give up on those yet

Take every penny from your corrupt ass govt gorl

If you don’t mind me asking…how old are you? Do you have to pay taxes on it? Can you still work and get paid without thresholds?

If working brings more income home, early retirement would not be smart in a case when there is no savings and still a huge burden of debts.

@@GodisGreatt no problem...64, no taxes are paid on it as long as I don't EARN more than $21,240 per year. After that, for every $2 I earn, they'll reduce my SS by $1.

@@carlaritchie331 I've heard that position. And if you want the math answer, then the accumulation of money is a logical focus. I chose to focus on quality of life over accumulation of funds. As I've grown older, I decided to travel to see relatives and friends (and places) before they pass away or get too old to remember me. I've missed out on several opportunities because of deaths and diminishing mental states of the people who have meant a lot to me in life. My pension and savings are enough for me to do this w/o SS. I see no reason to forgo an assured 70% of my FRA at 62 and bank on getting 30% or more years later due to an uncertain future (my death, benefit reductions, etc).

The debt cancels out any retirement money she'd have. She should've started years ago thsts the real problem

I think she pretty much needs to sell everything she has and maybe retire in Thailand or Vietnam.

​@@mannyjeanpierre4062the debt in no way cancels the match, which is what she should be doing

I agree. She's old enough to withdraw from her 401k without the 10% penalty. She should put in enough to get the match, then withdraw the match amount and put it towards the debt (after paying taxes on the withdrawn amount).

@@JasonGroom a 4% match on a 4% percent loan would cancel out the returns. Most loans are more than that and she doesn't have much margin to even invest. She should've paid off the loans during the forbearance and started investing when the market was 25% down.

Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.

Sure. There are a lot of independent advisors you might look into. But I only work with ‘Margaret Johnson Arndt’. and we have been working together for nearly four years. She has since provided entry and exit points on the securities I concentrate on. She's well-grounded and known, shouldn't be a hassle finding her page.

Thanks a lot for sharing man, I just looked ‘Margaret Johnson Arndt’ up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

I haven't participated in stocks just for ethical reasons

You can invest in bonds or money markets @@dungeonmaster6292

Dave and Rachel both answered her question about contributing to a 401k. Answer was no.

she has No Money. just $1000 in her bank from the first step. she has No Money to invest

Maybe. Maybe not.

No it won't. That's about what my daughter's car is worth and no problems.

I would say 4 k civic

Not if you buy a reliable brand...Honda, Toyota, etc.