6 Reasons Why You Have Nothing Saved For Retirement

In this video we'll discuss 6 reasons why you haven't been able to save for retirement, and some strategies to get you back on track.


Financial Resources I personally recommend:

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0:00 - Intro
0:27 - Reason One
1:59 - Reason Two
3:13 - Reason Three
4:26 - Reason Four
5:40 - Reason Five
7:21 - Reason Six

This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

[scribbler]

Hey Adam, long time viewer (and subscriber) here. One of us is retired, the other is soon to be. We have been watching your videos for some time now and always come away with new info.

So, thank you for your work and videos. In an ocean of conflicting and confusing advice, you provide clear, actionable information that's always first-rate!

[kevinolesik]

A long time ago I read 'The Wealthy Barber' and that really helped me focus on my personal finance for saving ...

[wrongwayconway]

Three years before my retirement date (this November) I started writing down my expenses, CPP calculator, my projected DB, reevaluating my investments, increasing my RRSp & TFSA contributions. I reviewed it all so many times that I can retire with peace of mind. Good advice: write it all down and review it every 6 to 12.months. totally worth it.

[MTN]

Great content and advice. I always say to everyone that is willing to listen is "IF YOU LIVE LIKE NO ONE ELSE, LATER YOU CAN LIVE LIKE NO ONE ELSE" in addition to everything you said! 💯💯💯

[Glencairns]

Yup. It takes more energy to procrastinate, to stop yourself from doing things than it takes to actually do the things. It's a big lesson. Thanks for the post.

[James_]

It’s all about sacrificing at the right times to make use of the opportunity of freedom in retirement.

[duper]

My first job at 16, 2nd paycheque in, my Dad said time to go to the bank and open an RRSP. That was 1982 and I never stopped investing.

I have over $1 million and am looking to retire next year at age 57.

Also bought a retirement plan from Adam, I am really ready!

[AMG-BENZ-]

Living ‘’on credit’’ during your working years will make it nearly impossible for you to modify that mindset once in retirement. Learning to live within one’s means all of your adult life will set the proper behavior you’ll be glad to have once retired.

[andreagraham]

Started saving at 27 when my dad passed away with the inheritance and I have BMO financial planner who keeps me in check, and I can't thank her enough for making sure I am in the position I am.

[murraytown]

Retired now but had a well paying government job with a DB pension. But, I lived within my means nonetheless.

One of the most useful strategies is to pay yourself first, meaning make automatic contributions to an RRSP such that you never see the money, like my pension contributions which were deducted by my employer at source. I never missed the money as I never saw it.

I get this doesn’t work as well for lower income workers, but make automatic RRSP contributions that you can live with. Better something than nothing.

[CSanykdotCom]

"procrastinating" when you're younger isn't normal procrastination. People don't put it off for later because they're telling themselves they'll do it later. They don't have money to save now because they're poor and not paid enough to cover their basic living expenses.

[johnwillock]

I’ve said it before and I’m sure I’ll say it again. 8th wonder of the world is “COMPOUND INTEREST”

[bennettross]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.

[selenajg]

Are you still running your second channel?

[earthsteward]

About personal finance education on YouTube, there is a lot of misinformation out there. I am starting to think personal finance is more of an art than a science