4.2 • 680 Ratings
🗓️ 20 November 2019
⏱️ 21 minutes
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0:00.0 | reality radio for a really great future we're talking real money hey hi welcome i'm don glad you |
0:14.2 | tuned over to this spot on your dial whether it's the fm or the AM side, or found us on a podcast. |
0:23.0 | I'm Don McDonald. You want to get money right? Well, you're in the right place to do that. |
0:28.9 | We're here, you and I, Tom sometimes, but he's on vacation right now, to make this process |
0:36.7 | of earning money, part of it, saving money, yeah, really important, |
0:43.3 | spending it, sure, but primarily how to invest it. |
0:48.7 | Because for most of us, there will come a point where we're either unable unwilling or just tired of working |
1:04.0 | and so they call that retirement something that people did not do a long time ago. |
1:12.4 | They did not do it. |
1:14.9 | I mean, really go back just over a century and almost nobody. |
1:21.2 | I think it was, I don't have the numbers. |
1:23.8 | They're in one of my videos at Talking Real Money.com, the one on the history of investing. |
1:34.8 | I think it was about less than 4% in the 1880s, less than 4% of Americans lived to 65 years old. People didn't retire. And even of those who did, 70% or or 80% again I don't remember the exact number |
1:47.6 | but wow a lot of them continued to work after they turned 65 they worked right up until they |
1:54.8 | died well today retirement is something new it is. It is something that goes back just a couple of |
2:07.4 | generations. Retiring from work is a new thing historically. And most of us are going to need money to do that. |
2:19.3 | You really do. |
2:21.0 | And it's quite a bit to do it comfortably, which is why you have to invest, which is why so many people out there want to help you invest. |
2:28.5 | Which is why so many, and there's so much money involved that you've got all these people out there who want to help you do this. |
2:34.2 | But they do it more for them than for you. Sure, there's something in it for you most of the time, |
2:40.3 | unless it's a made-off with your money scheme. But there's a lot of confusion. Cutting through that |
2:49.9 | is what we, at talking real money want to do. |
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