The First Sign You Might Be Saving Too Much For Retirement...

The First Sign You Might Be Saving Too Much For Retirement...

Let’s make sure you’re on the path to financial success - then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!

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[zachrowell]

26 years old here and saving 90% of my income, but I am not the type at all that would feel like I’m missing out on anything. My favorite things are reading, gardening, exercising, playing video games, talking with friends. All stuff that doesn’t cost much anyways!

[nickdoyle-achievefinancial]

I think very high savings rate is fine as long as you are spending on things you enjoy. I’ve mostly chosen free or cheap hobbies, which helps. We travel a lot though.

[ajbambino]

As someone who partied hard as hell in my 20s, I always made an effort to max out the Roth and 401K, as well as invest in good blue chip stocks (and a few small and mid caps that I will admit I got lucky on).

The same habits of doing due diligence, deferred gratification for long term financial security, while also partying enough to where I'm drained from it I think is a great and often overlooked mix. Hahaha I have my memories of it, but am at the point where you can say I got bored and tired of it and "grew up" - but to young financial literacy, long term planning, and sound advice like Brian and Bo give are exactly what I think every kid should hear.

As always, fantastic job on all fronts! Keep up the incredible work!

[Je.rone_]

1 sign is if you find yourself taking money out to cover necessary expenses

[terryfred]

You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market

[Tehui]

This might be me based on how I've been saving and investing this year. However, I'm very mindful that I need to smell the roses along the way. I've been making a concerted effort to renew and maintain friendships. It doesn't cost you anything but time and effort.

[wesstapley]

The cheesy “Today is a gift” line comes from Kung Fu Panda (though it’s probably much older).

[manny]

I appreciate your work. It’s going to have a lifelong impact on me

[DemetriPanici]

I think it’s hard to figure out where I am in this scenario. I’m 23 and investing max already into my Roth IRA. That’s probably enough at this age

[omarelsahly]

Loved this guys. Really good content thank you 😊 and keep it up

[CandlestickTV]

Financial order of operations I love that man

[charletfoster]

Great video on being balanced;live in the moment n enjoy 😉 life!!!! but invest for the future

[ddellwo]

I rightfully could be accused of passing up things in the here-and-now for a better life in retirement. Of course, now that I’m in my mid-50’s the sting associated with this is getting easier to take because I can see retirement coming up on the near horizon. But looking back at what I could have done with some of my money instead, I still kind of think that in the end they were just “things” that might have been fun in the moment, but not as rewarding as being able to tell my boss to “SHOVE IT!” in the next few years……..😂

[immeremma]

You guys talk about being a millionaire at 65, but how do you know how many millions you need? Of course you don't need to multiply each number by 4 if you need 4 million. How do you account for a market return less than 10%?

[roythousand]

Work hard "NOW", so you can play "LATER"!

[dirtydan]

Question: how much can you withdrawal from Roth IRA under 59.5 and held longer than 5 years?
Is it ALL contributions? Is there a cap how much per year?

[clareward]

Poor people think about what they can buy with their money, Rich people think about what they can invest in with their money

[djpuplex]

Problem is I don't make enough money to save 15% and enjoy 15% can't even afford to save 20-25% of my income. It is what it is. Been working since I was twelve, I wanna buy the most important thing in life time.