3 Signs You're Saving TOO MUCH For Retirement!

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[JefferyDube]

I'm thinking of putting some cash in stocks, I was at Salt Shack and I overheard some friends saying it's ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[vanbeek]

"Yesterday is history, tomorrow is a mystery, but today is a gift. That is why it's called the present." -Master Oogway Kung Fu Panda 1 😂

[genxx]

Re sacrificing, my great-grandma had eight siblings. One sister said, “Don’t save your good jewelry (i.e. wear It only for special occasions) because when you die your husband’s new wife will have no problem wearing it.”

[divyeshpatel]

I just turned 25 and I'm not gonna lie, you hit the 3 signs on the head. I'm experiencing all 3 of these right now and man I feel like I'm having an existential moment right now. I've been saving A LOT for my age and I keep on thinking, it'll pay off in the future. And because of that, my relationships struggle because I become a tightwad. And I realized that the lines are getting blurred about a month ago. Thank you so much for helping me realize this and I am definitely going to be sitting down and going over everything.

[josephbridges]

I just want to say thanks for your show. I’ve always been good with my money and don’t necessarily need your advice, but listening to your episodes encourages me that I’m doing the right things and I shouldn’t feel bad that I can enjoy life decades before I retire.

[AlwaysLoudAA]

I'm 25. Paid off all my student loans. Have 60k saved up for retirement already. Goal is to have 100k and a solid downpayment for a house by 30 God-Willing.

[stevensmiddlemass]

I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.

[svengrot]

You could live a very comfortable retirement with That's $50, 000 a year for 20 years. I live a great life now on only 30, 000 a year. Of course that doesn't include going on vacations for weeks and weeks, 2 purchased rental property and RM 016

[JosephChism]

Acquiring a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for some time now, but my major challenge is not knowing the best entry and exit strategies. I would greatly appreciate any suggestions.

[oshahid]

Best line on this show, “don’t want to be the richest man in the grave yard” lol. So true.

[AUTISTICLYCAN]

I am an old retired geezer now. I am autistic and have severe disabilities. I was very much blessed having gotten a really good job at age 41 that ended up paying $10, 000 a month. I lived on disability, SSI and food stamps before that. Needs programs don't let you save or invest. So when I got my high paying job I threw myself into saving and investing in the market. From having nothing at age 41 I've been able to build a net worth of close to $600, 000 at retirement. I have a stable retirement income of $56K a year. I am a single bloke, debt free, no mortgage nothing. I had to save like a miser for retirement to make up for all the lost income due to my severe early life disabilities. Sometimes saving \ investing like a mad man makes total sense.

[tennisgirl]

I love that you guys get into the details and have lots of examples. There are so many personal finance YouTube channels that just talk about surface-level or common sense things. But y’all are so detailed and it’s great - thank you!

[timothybrady]

Holy crap, you both are talking to ME!!! This is a great timed video for me. I am guilty of probably saving too much for retirement. I struggle right now turning it off though and you are opening my eyes.

[taxmank]

This was a really good episode for me as it hit home. The wife and I are in our late 30s with a house and 2 kids. We have a good amount in retirement at the moment and will have approx $2million assuming a modest rate of return. We still invest the max into a Roth every year but I often struggle to spend money on extra things for myself. It’s good to put things into perspective to give yourself permission to spend if you have “checked all the boxes” in saving for retirement which we have done.

[damansarajaya]

Saved this video as figured I will need to listen to this from time to time. A growing urge to know that I could FIRE even earlier, occasionally fuelled by work frustrations, nudges my tendency to keep upping my savings even when I can comfortably “live it up” a bit. This video helps puts things in perspective. Thank you

[johamu]

1 you are living for the future
2 your relationships are stressed
3 your needs and wants become blurred

[strictnonconformist]

Around the 30:00 mark “eating healthy is expensive” to which I reply: eating “cheaply” is far less expensive immediately, but you pay for it later with medical bills and poor health, possibly disability and early death. Doesn’t do any good for you to save money for retirement and not be able to enjoy it because you’re too sick and unhealthy or dead.

[ralphparker]

My first few jobs we were always trying to make ends meet. At some point we found that happy place where our income met our needs and reasonable wants and there after we put our pay increases into the brokerage account. All the time we were getting employer match (Total 10% 401K) and trying to save where we could. We were about at age 35 where we crossed over the hurdle in pay. We never tried to live 'high on the hog' but we found that we need to splurge every once in a while. 182K subscribers now. Last year you were fighting to get 100K. Congrats!

[tylerminix]

I think it really depends on what you're saving and investing money for. In my case, I love my work and will do so as long as there's work to be done and I'm able to perform it. There are others in my family who aren't so fortunate. I'm saving for them and their children. I'll liver modestly and when it's my time to go their kids and grandkids will be well-off. I'm doing this to alter my family tree not so I can go on an unending vacation when I'm 50.

[oferzeira]

Excellent presentation, factual and coherent. Sent it to my kids whom I have been trying to expose from early age to financial education.keep on doing the important and moral job you have taken upon yourselves
Thank you