In this interesting video I hope to motivate you to invest by showing what small amounts of money can do for your retirement over the long run, even if you’re starting late in life.
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0:00 Intro
2:32 Median income of older households
2:48 Average social security benefit
3:04 Spreadsheet of various retirement scenarios
3:55 My portfolio growth simulator tool
5:05 Social Security elaboration
6:12 Spreadsheet elaboration
10:22 My living on a portfolio simulator tool
11:36 Example of an average couple retiring on a hybrid strategy (dividends & selling shares), that didn’t have social security
12:26 Take-away lessons about responsibility
13:18 Shoutouts
13:32 Please use my Seeking Alpha Affiliate Link (I’m sponsored)
13:45 20:18 Outro
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Investing Books to read (as an Amazon Associate I earn from qualifying purchases):
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One Up on Wall Street ➜ https://amzn.to/2YTDAXt
Rich Dad, Poor Dad ➜ https://amzn.to/2SUCwOZ
The Richest Man in Babylon ➜ https://amzn.to/2SUHStw
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing ➜ https://amzn.to/2YUgjo4
The Bogleheads' Guide to Investing ➜ https://amzn.to/2STECPp
Attributions/SEO/Useful Links:
https://pensionrights.org/resource/income-of-todays-older-adults/
https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/
https://www.ssa.gov/policy/docs/policybriefs/pb2004-01.html
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
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