How To Retire With $2 Million On A $50K Salary

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Title	:	How To Retire With $2 Million On A $50K Salary
Lasting	:	2.04
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Views	:	53 rb

I'd rather trade the Crypto market as its more profitable I make an average of $15,000 per week even though I barely trade myself
Comment from : Emmanuel

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : William Ethan

Also, by 2 million, you mean 2 million in today's dollars With our inflation at 617, that same value will be 33 million when I AM in retirement Definitely not helpful
Comment from : Jessica Tsao

We experienced the pinnacle of our era, but it is now gone Like what happened to Rome, the corrupt administration will bring this nation to an end My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy
Comment from : Raynold Grey

People need to focus more on being out of debt and if possible have a completely paid off home by retirement IMO this is more important than having a huge amount of money in retirement accounts Having no debt and a descent amount of money in retirement while collecting social security should be enough for most If you want to go on a trip in retirement, save for it like you normally would before retirement and live frugally
Comment from : Adam R

😷😷❤
Comment from : DJ STOEK

You forget this is only one asset class And we are over the greatest economic booming moving to a digital currency This advice is old not to mention every 10 yrs there is a crisis that robs your wealth MAZE-Cheese- Rat
Comment from : tlbue32

A rich man or woman can buy a nice watch but they can not buy time!
Comment from : Rich Nick

The numbers are there, but this is deceptive There is no mention of strategies to do this! For example, there is no mention of 401k, Roth IRA or buying a house or apartment - all examples of tax advantaged ways to save money and build financial security Check out the work of David Bach at your local library
Comment from : Edith Spencer

I'm going to be so mad, if I would die before I retire All this money I'll be saving will be for nothing
Comment from : Dr Troll

Someone at age 40 at $50k income will find it almost impossible to save 69 of income Not just that, it must be sustained to age65 which is very unlikely
Comment from : Josh Tan - TheAstuteParent

Start early
Comment from : Sabrina Tatalias

All the videos tell you to invest but they don't tell you how to invest
Comment from : zcallis1

Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement When you are no longer accumulating but withdrawing its hard to be anything but cautious
Comment from : Shannon Phelp

If you have been closely watching the crypto
Comment from : Harry Seymour

Math doesnt account for Inflation? What a waste! TVM is key to help beginners
Comment from : Gaurav Dharmani

or just invest in crypto
Comment from : Wordsareweapons

I think I'm on track for this
Comment from : Nicks Dynasty

I stopped watching when the program mentioned that the assumption is that you will work until 65 No thank you I plan to retire by 55
Comment from : Lena Price

HEALTH IS WEALTH 🙏🏿
Comment from : Nicholas Ali

SO THIS IS WHAT IT'S LIKE TO REJECT REALITY ✌🏿
Comment from : Nicholas Ali

This is definitely possible if you start with 3 million in the bank and you budget 1 million until your 65th birthday
Comment from : Michael Nelson

Having 2million at age 65 just doesn't make any sense
Comment from : Chain Harmony

$50,000 after taxes????
Comment from : Star Gazer

The power of compounding
Comment from : thisguy73

So basically, live with roommates or your parents for the rest of you working-life
Comment from : 755hp

Just made $2 million far earlier before 28 - real estate, derivatives, growth stocks, crypto Only on $120k a year
Comment from : Da C

With current level of inflation 2mil will be like 500k in 40 years haha
Comment from : Ben Go

thank goodness im 22, best time to start
Comment from : random coder

Invest in what ?
Comment from : Na

So the key is to start young A little tough when one is already old
Comment from : Andre Williams

is this a joke lol
Comment from : maria cruz

These numbers are ridiculous, how can you save 24 to 34 when you need to pay for tax, rent, food, childcare… worthless video with worthless assumptions
Comment from : Lawrence

The problem isn't getting a lot of money It's keeping a lot of money Taxes and inflation are the biggest culprits no one talks about smh
Comment from : Manny JP

Do not have children and you should be goodbrAt age 65 with 2 millions you could adopt one or two
Comment from : Warraba

The minute you said save 10 to 15 of your salary I realize you are speaking about the last century, not this one
Comment from : hoodeany

Don't save Buy crypto
Comment from : W

Love that (doesn’t account for inflation)
Comment from : Bacca and the Squad

Lets go ⛄⛄⛄
Comment from : Jeff Dorris

How about jus today people a livable wage
Comment from : Wolfgang Icarus

Lol no inflation that's funny
Comment from : MFTW

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWNI TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Comment from : Marie Kyrie

What a dumb video
Comment from : John Johnson

very not possible to be saving $1k plus for retirement when you're only taking home $3k net best thing is for people to just increase their incomeand#affordanything
Comment from : lime peels

if your salary didnt change from 25 to retirement you're doing it wrong lol also inflation burns through a lot brit's easy to claim S&P500 past performance, but 6 guaranteed growth for 50 years into the unpredictable future is a big askbrin short -- your best investment, might be your health and brains to stay healthy/ capable - so you can keep working
Comment from : J

This is a terrible way to think The ONLY thing you should be thinking of is Increasing Your Income
Comment from : Wu In The Wild

What if you’re already 50 years old?
Comment from : PM2023🤬

also, dont get sick, ever
Comment from : JogBird

What if you retired with 2 million on a 50K salary but God said 8 inflation
Comment from : Setton

But that's gross salary On $50k you're only actually taking home about $3100 after tax per month So $1004 would be about 30 of your income, not 24 $1400/m is 45 of your after tax income, and $2000 is almost 66 And of course you still need to pay rent and buy food This video does not feel optimistic to me
Comment from : Chris Edwards

Investing $5200 per year into the S&P 500 would most likely produce better returns rather than saving Saving is decent but Investing is much better
Comment from : Designer Guillermo

Relying on a 401k with compounding interests makes you lazy, and not push harder Money is more useful in your youth, 20-40 years old, when you're at your physical prime Being a millionaire at 65 is basically useless Your body is falling apart and if worse comes to worst you can always go to a nursing home and be taken care of by your SSI benefits, where you get food and shelter until your last breath
Comment from : RareAirTwo4

My greatest happiness is the $ 64,000 bi - weekly profit I get consistently from my $ 15,000 investment despite the economic fluctuation
Comment from : Aishwarya Ami