So these are Great grandparents and they never retired, because the system was messed up. (JK) well no obviously I’m joking that’s just a picture I found on google, this is my real grandpa.

But seriously though, how many people do you see retired that have the life that you want. A lot of the people that I saw living in NY were living homes, had to get part time jobs, and a lot of them if it wasn’t for Social Security and rent control, would be homeless.

I mean you might say, that’s not going to be us, that’s it the old Gen. But we make 20% less than the previous generation. So less Money, higher cost of living, how the heck does that equal more wealth.

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1. Here is the Harsh Truth : which is needed
– The system is not rigged for wealth creation the system is rigged for helping others get richer
– That’s why in America they spend 250 billion per on advertising, in order to convince you to give someone else your money
– And they do an amazing Job Because here is what happens

By the Time you Graduated from College ( which was Ingrained in your parents head, so they passed it on to you )
– You graduate with 37k in student loan debt
– $4000-10k in credit card debt
– Ofcorse you need a new car 30k
– And ofcourse the most popular thing today, buy a house when you broke 172k

You let me know:
– Where In this American Dream or Plan is the wealth actually being created ?
– No where ofcorse, so the truth is, at this rate a lot of us, more than 80% most likely will not be able to retire. You’ll end up exactly how you said you didn’t want end up

2. Lets Fix this
– The truth is simple but knowing the truth is not cure
– Or we would all be rich with six pack
– But no this you really got to do
– And btw having a lot of money is not the solution but having passive income is

Joke:
– Retirememnt is going to be easy as long as we stop spending money
– On food, rent and sleep 2 hours per day 9 (jk)
– But seriously the sweet spot for retirement is 15 years ( so no matter how old you are, if you got 15 years left, lets use them wisely )

So What should we be Doing for the Next 15 Years to Retire
– Step 0: make a retirement budget to figure out exactly how much money you’ll need. Learn ( 4% retirement Rule and Compound interest)
– First: Spend less than you Make ( but…give your money a job ) – you do this with a budget
– Second: you have to fix your mistakes ( so if your debt use the extra money to pay off all the debt except the mortgage : once debt free, save 3-6 month worth of emergencies ) – use the avalanche method
– Third Step: You start investing into your retirement Accounts. While you pay off your house early. ( I invest into index funds )

Link: How I Invest my Money https://www.youtube.com/watch?v=JierADnPjoc&list=RDCMUCO1SasMJdmlfrCS5pNJJFQA&index=1

3. Some Advice, Seriously
– A paid of house is going to make life a lot easier
– Define What retirement Means to You
– You don’t have to miserable for the next 15 years
– The key to wealth is not a Big Bank account but a Good system, and Passive income

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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