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Is Our “Fixer Upper” Project Considered Retirement Planning? Get a FREE customized plan for your money. It only takes 3 minutes! http://bit.ly/2YTMuQM Visit …



in this video, im going to break down 3 scenarios to explain if you should save for retirement or if you’re better off just investing all your money, which to the average person sounds like a financial crisis.
Now: If you ask me the:

– The average lifespan in the US is around 78 years old, which is 4 years less than Canadians and they retire at 65

– The average person starts working at 22 years old with a bachelors degree and 24 with a masters
– Worked for 43 years at 22 | avg salary = 50k = life earning 2.15m
– Worked for 41 years at 24 | avg salary = 60k = 2.46m
So if you only have 13 years after retirement to live it up: you’ll only need around :
– 50k * 13 years = 650k ( would have to save 15k per year:43 years of work)
– 60k * 13 years = 780k ( would have to save 19k per year: 41 years of work)

But if you invested this money for that same amount of time:
– 15k for 43 years at 7% = 3.7million
– 19k for 41 years at 7% = 4.07million

Fun Fact: Don’t forget about taxes, if you want this, you’ll have to live on nearly 25k per year.

Should you Save for Retirement or Invest it all

Person A: Risky Guy
Story: So this guy says screw it, I don’t want to save retirement I’m going to invest it all into my business, real estate, and other ventures to create passive income.

Only two things can happen here:
1. He makes it: He invest into his business, he makes money, uses that money to invest into more passive income like real estate and then retires early from the rental income or from his passive business income
2. It doesn’t work out, his business fails and now he never saved, so now he’s living in a shelter at age 65.
3. But, there was really the 3rd option: I’ve never heard of some that are failed at the business for 43 years straight: so if he keeps improving he should make it work.
– And if on his 10 years of trying he gives up, he can always go back to a normal job and save for retirement.

Tip: That’s why absolutes don’t work, they assume people cant change their minds.

Person B: Does Both
Story: This Person invests and also saves for retirement and if im being honest this person is me. I found through the experiment that its the best way. And if I keep investing 500 for 43 years at 7% that’s around 1.4 million

Only two Thing happen here Again:
1. I grow my business create more passive income and also invest more towards retirement
2. My business fails and I get a job and still invest towards retirement

But to Be Honest: The key in life is to always live below your means and as long as continue to live like that kid that was making 60 bucks a week, I will always bounce back

Person C: Traditional Boring (this is the guy at your local bingo complaining about how his retirement is worthless)

Story: This is the riskiest the person that barely invest in their 401k, or has savings and lives above their means. And when its time to retire cant live off social security so get a job being a greeter at Walmart but it turns out Walmart canceled that job so now they’re a greeter at “you had 43 years to figure it out”

Only 1 thing Happens here
1. Statistics show that the average 60-69 years old has around 195k set aside for retirement.
Example: As we know you’ll be around for 13 years and that’s an average living Yearly wage of 15k per year, without fracturing inflation

Tip: theirs also a large fraction of people that aren’t even bothering to save for retirement, and that’s the scariest part

Oh and if you facture in inflation at 2.5% that 195k is only worth $67k

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Is It My Husband’s Fault We Are Behind On Getting Out Of Debt?

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Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

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Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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Dave Ramsey Reveals His Financial Strategy

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Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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3 Steps That Will Help You Win With Money – Dave Ramsey Rant

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Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

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Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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Leasing Vs Buying A Car – Dave Ramsey

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http://bit.ly/2YTMuQM

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

Become a Channel Member today: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw/join

Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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Get a FREE customized plan for your money. It only takes 3 minutes! http://bit.ly/2YTMuQM

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

Become a Channel Member today: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw/join

Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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Over $50,000 In Debt And Losing My Job!

Get a FREE customized plan for your money. It only takes 3 minutes!
http://bit.ly/2YTMuQM

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

Become a Channel Member today: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw/join

Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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Is This Student Loan Settlement A Good Deal?

Get a FREE customized plan for your money. It only takes 3 minutes!
http://bit.ly/2YTMuQM

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

Become a Channel Member today: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw/join

Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

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Debt in retirement strategies for everyone preparing for retirement. Learn ways to handle debt issues as you near retirement age from Kyle Sadler with Precept Wealth Management in his new book, Retirement Shift!

Of all of the strategies that soon to be retirees
may use while planning their income for
retirement, eliminating debt is among the most important. Almost all financial planners agree that carrying debt into retirement is a very dangerous move, one that can lead to
unnecessary stress on your financial future while potentially
draining your retirement savings.

According to the Federal Reserve Bank of New York’s Center for Microeconomic Data, for 2018, Americans ages 60 to 69 have broken the $2 trillion dollar level in overall debt.

https://preceptwm.com
.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Precept Wealth Management and Cambridge are not affiliated.

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