Episode 82

Replying to a commenter s agility tiktok channel Thank…

· 2:14 · Paying it forward

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Transcript

Fables Agility said we were incredibly lucky to be able to retire. And they wish there was a meaningful way to pay it forward somehow to the younger people. And I'm always open to ideas. I don't have any great ones. For me, the thing that I'm trying to do is be empathetic and sympathetic about the situation of young people. If you take someone who's earning $35,000 a year and they're both working, so it might get you up to $60,000, $70,000 a year. They have kids in child care. Rent is extremely high, even in not-so-great areas. Cost of food has skyrocketed. There just isn't any money left at the end of the month to invest. So if... You know, you take someone like that and you say, well, just put back a little bit and you'll be fine. No. I mean, even if they put back 5%, it wouldn't amount to enough to retire on. And they don't have 5% to put back. So honestly, I think the most meaningful thing we can practically do every day is one of the hardest things to do. And that's don't give them flippant advice. Don't say, well, you know, cut back on the lattes. Well, you know, be more... You know, judicious in how you spend your money. Just sympathize with them and empathize with them and say, yeah, we have some advantages you don't have, and that sucks, and I'm sorry about that. Anything we do above and beyond that is great, but it is incredibly hard to convince people to not give these young people quick, trite, ready advice when they tell us that it's not the same for them as it was for us. So... That's hard and it's helpful. Just listen, say you're sorry, and truly empathize with them because it is extremely rough when you're not making much money and you don't have a way forward as far as retirement or even financial success.