0:00 when I was 18 joining the military you do 20 years and like roughly around there whatever you're making at that time you make for the rest of your life that's so sick and I remember at 18 I'm like in 20 years you mean when I'm 38 I'm going to be [Music] dead can't buy this from me how much do you guys want to have MoneyWise when you retire oh like the amount 15 mil damn be say you're greedy I am I am uh got to aim high I don't know one one 2 mil all right cool cool guess what dude that's going to be worth ████ by the time you retire I was thinking like two to five I'm going leave that was my I think two to five with the paid off 5 mil two to five with
0:50 the paid paid off house is cool yeah but bitcoin's going to a million each in early 2030 in my opinion so I think it'll be pretty easy I don't know if it's in a damn asset generating account mhm I think 5 mil is fine yeah like a Roth or something that's hella good cuz it's already producing like percentage every year but if it's just cash then ████ I don't think a couple Mill is going to cut it no yeah really as in like if you if it's just sitting in your savings especially if you want to live in ████ Hawaii and you do too yeah but M generating account I see generating account paid off house and then the in uh gener maybe like yeah anywhere between 5 to 10% I'm not greedy they there's a there's some new stats that will tell us damn how
1:41 much 1 million in retirement will last you in each US state oh like if you're not um if it's not in a generating account right it's just it's just if you have a million bucks yeah with inflation I would say a million in California probably last half a year 8 years okay I would say eight years you say eight years California yeah what do you guys think eight years I'm going to say 10 10 okay for a Millie A Millie yeah cuz of the account got it yeah I'm thinking maybe 15 10 to 15 maybe 10 to 15 wow okay 10 to 15 years yeah I feel like it's going to be way l i mean that's not retirement if you're trying to retire like imagine at 55 that means by the time you're 70 you're ████ yeah so I say a million in California Joe went low so I went over cuz I I think he
2:31 was the lowest in California it would take a million dollars would last about 12 years 8 months 5 days hey good call nice and that's cost are estimated to include an average annual grocery bill of about 5300 that's per year that's see that's that's under housing costing around 225 and utilities totaling that's ████ 225 there's no way where the ████ are you going to rent for 225 dude for for the year wait 225 yeah that's 22 Grand a year that's nothing that's impossible yeah I was ining at 22,000 only that's like Renning a ████ a tent from a homeless guy like from a homeless guy the homeless guy's your landlord I'm not paying water you're ████ Ren dud but then if you're like I don't know any as a retiree maybe you
3:22 live in like a how you going to get any place for under two grand a month d section 8 is more expensive possible is what the and they're giving you money yeah it's got to be at least 3 to four grand to rent somewhere yeah that's what I would think too so are they talking about like bare minimum retirement home group home kind of thing like are they talking about you're renting a a room in someone's house probably probably knowing them yeah cuz it's cuz it's you as a retired person cuz I thought Assisted Living would be would run you at least three grand or maybe it's maybe that's looking at it in if you already have a house and you're just paying property tax or maybe if you're growing your own food Jes and then it's other bills like uh Transportation which is uh 5,300 a year healthc care 8,000 a year um yeah and
4:14 they're estimating that in a year you'd probably spend 73k just damn just spending 7 yeah but they also have an accounted every Year's inflation correct so like that's if you that's if you retire right now yeah but yeah so I just saw a graph where it showed how much you need to be middle class in every state and California was close to 120,000 a year oh that's about right yeah I mean I'm like 120,000 dude that's crazy well middle class is all dependent on how many dependence you got but still that's a lot of money that's true it is depend on that it's not easy 120 G's if you're middle class the minute you have like two dependents and you still only make 100 then you're like going to lower class yeah yep cuz the 120 is for the being yeah true and if you're a single uh person if you make over 70 or
5:06 something like that in the state of California um if you add the state in U income tax and federal it's close to 50% there's squeezing you here man how long do you think a million can last you in Hawaii probably like if that thing says 12 then it's eight I do eight yeah wow even less I think it's less if if you're in aahu I might do seven it's because the stuff costs more in Hawaii d hella what do you think suen it's like living in Beverly Hills but you got Oklahoma jobs wow dude that's so true I don't know how long survive but I feel like if I had a million and if I was in Hawaii I would I would keep it super cheap keep it simple do my best to keep it cheap as possible how many years do you think you can last I think I can last 10 years what if you eat potatoes every day like Matt Damon did in the Martian oh dude I
5:57 12 years that's pretty 15 actually so uh according to the data you can last 9 years 7 months 25 days okay okay uh annual groceries 5300 housing cost 358 35,000 annual groceries 5,000 you can't find any place that's crazy cuz that means it's 500 bucks a month for groceries yeah this person's dumb they don't they don't know they don't know how to ████ do math I think it's an average though it you got you got to have a Costco card aahu I think so maybe because you 711 it they have uh nice plate lunches for like $6 a ████ lunch plate if they live on maybe Big Island 6,900 for uh utilities 62 or 6,300 Transportation 9 9400 in healthcare wait a minute every
6:49 year you're expected to spend 103,000 103 yeah wow D honestly Hawaii and California and New York are the top three worst places to Tire what about Vegas what does it say about Vegas oh you chilling there's no Vegas but there's a maybe there's Nevada oh no it's not even on the no it's not on the list you guys didn't make it dude do you guys miss being like that's how cheap it is you guys didn't ████ make all at the bottom do you guys miss being like 24 not giving a ████ about any of this ████ being ignorant and then you're just like listening to older dudes like oh all you guys talk about is money shut the ████ up yeah just chill I do remember that I do miss that what about West Virginia this is a good I think a good one a million in West Virginia 41 years it's close to DC it is yeah no but
7:39 West Virginia is like different from Virginia West Virginia is like all Appalachian people yeah yeah yeah and their their average income is like I think it's like really low Steve said 40 years 40K years 41 years 41 I go 65 Dude 65 years yeah West Virginia is I go I go I go 300 years ████ he got it h it 300 years West Virginia's 20 years 3 months 19 days 20 years you're looking at uh sign up you're looking at 49k a year what's Miami what's Miami cuz I like Miami good it's not on here it's not on here it might be just really good that's what's with these guys or there's no way Miami's good it's by State right yeah it might be I think it's by State yeah I mean Florida is not it might just be good but yeah Kansas Alabama and
8:31 Oklahoma all three of those are 19 years yeah but I've been there they're it's bad Oklahoma yeah is not what's the one you stretched the most most uh out of this list it would be those States West Virginia it would be Alabama oh yeah actually West Virginia would be the most out of these states yeah sounds so and these are these are like the states that are I think the like they're on the harder end of I think everything else might just be like why even bother measuring Idaho kind of a thing cuz I heard you could buy houses out there for like 50 Grand so obviously your your million's going to ████ I think I think they're looking at states that actually have ████ to do oh got it ████ to do states they have a national park here right I never heard of there been anything to do in West Virginia there's the Appalachian Trail okay
9:23 great 300 years of appalation awesome awesome a civil war Museum and then surprisingly Washington DC is 11 years is low right yeah it's not very good yeah it's expensive over there but isn't it like super duper like ghetto out there I thought yeah oh there's both oh so it's it's like Atlanta Ian that's like La super ghetto super expensive oh that's true yeah I just I never been but I just heard that like you got the White House and everything around it is ghetto as hell so I was like well where's the nice place and it's just a small little area it's like Vegas there's there's a place where you can drive to where it's like they got those Lions outside like a lot of people have those columns and the Lions outside the chain link fences and ████ it's like you know yeah oh yeah yeah for DC you're about you're going to
10:15 spend 84k a year which kind of sucks to think you're in DC yeah I wonder how many people are actually thinking about retirement well that's the thing I wish I was thinking about when I was 20 yeah for real cuz that's the thing where it's like when you should be be thinking about it no one gives a ████ yeah yeah well no one taught us ████ and then when you start thinking about it you're like ████ I wish it started sooner I wouldn't have received it if someone was trying to tell me though yeah cuz that's how I was dude but the thing is but that's not because people it's it's just that nobody was the living example and when you're 20 you're like I got all the time in the ████ world baby if there was a dude who rolled up in like a freaking superar and then told me I would listen but everyone was just like me telling me ████ I'm like we're not that different no it's like getting ████ weight loss advice from a fat personal trainer yeah
11:05 exactly you're like ████ I'm not listening to you it's not hitting didn't have Gary V yet but then the people that I knew that were Rich weren't Rich because of smart decisions they were Rich because of ████ you know either family they got lucky yeah yeah yeah where they got lucky yeah so they couldn't really teach you anything but that's what you would always say to yourself if all of us were even if we were making uh minimum wage money in high school right if we put all of that ████ money in a in a just a compounding interest anything right and then we start building up buying homes property in their mid 20s Whatever by the time we're 30 we're done everybody could ████ do it or on just regular just minimum wage jobs and all that everybody could ████ do it now that I understand it I can look back and go yeah that's about like uh maybe 15 years
11:55 of work but that's during that time though you blow money you don't have the discipline to do that for 15 years but to be fair I wouldn't I also wouldn't want to have just worked in my all the way to my 30s and been smart and had no fun I mean there's a balance but think about it though how much time do we had a pretty ████ great time being a broke ass dude you could do a part-time job at McDonald's and still I could I couldn't have done anything I did if I had those kinds of jobs though I wouldn't have chased dance if I had money yeah that's true I wouldn't have like got good at anything cuz I would have just been okay you would have Crush p yeah I would have been ████ virgin and gay yeah even worse hey but that's true though for me back in my 20s all I care about is getting new moves getting new moves as a break dancer I was like I'm going to get this move yeah that's true how you going to pay for that I don't give a ████ and
12:45 maybe you guys wouldn't have done JK if you had other good jobs that were like so good you know maybe you would have just been like complacent I mean but hey at the same time we ████ got millions and burnt it that's probably even better honestly but he had a blast had a great time but let's be honest the path we took is the reason why we're even here and where are we dude where are we ████ chitchatting in front of cameras this is nice you know you never know you just never know if you change the path back in your 20s you could not be what if you didn't unlock all those moves I think where would you be I think there is a way to balance it I think there's so many ways to balance it but we weren't around any mentorship that can help us balance it I feel like all the like the really cool hip financial advisers that you watch now like YouTube
13:35 they didn't exist yeah but they're always now they're like just set 20% of your monthly budget for fun stuff I'm like Oho yeah I got terrible advice even like when I was when I was first starting professional dance this other dancer who was like really good and above me was trying to give me advice and his only advice was like dude if you have at least H 100,000 in your checking you're good cool and I was like what does that even mean like what how do I get that how do I get there where does it come from what about 8 Grand he he was just telling me like just keep 100K in your check and like I don't even have 10K like thanks for the advice you know what's crazy of mind like how your your mindset is and how you receive information I remember like uh when I was 18 joining the military you hear like the military and the um the police department have very similar retirement
14:26 structure you do 20 years and like roughly around that whatever you're making at that time you make for the rest of your life right so sick and I remember at 18 I'm like in 20 years you mean when I'm 38 I'm going be dead you know I remember like thinking that way I'm like don't even talk to me about that far and then I remember like uh when me and Joe were about to start doing JK the reason why I even thought about being a police officer was that same information had time to marinate so when I was like 22 23 I'm like oh ████ so you tell me I could retire when I'm 30 already and it's the same information but it's just the stupidity doesn't allow you to digest it it's a good filter yeah like what the ████ cuz dude when you're when you're at that age I just thought I knew so much about everything and all these never applied to me at all like oh that this guy has
15:16 to do it but not me cuz I'm Different you go up I'll figure it out yeah and then you realize oh you're a ████ idiot too but it's always like that you won't know till it's too late perfect 38 and you're like ████ above anything the best redeeming fact about all of this is that as long as you lived your life and you gained moments that are unviable then you won I think that's true feel like you think you think that's what the homeless guy says out of those not Bible I mean it's don't end up homeless but like you can't buy this from me because because that's that's kind of how I think about like yeah I could have I could have just stayed working like a regular job but then I remember being on the other side of things where like we would be doing certain shows or certain
16:07 uh events and guys with a lot of money would want to come back and they couldn't and I was like oh they got some sort of access yeah and they were like yeah I just remembered that like oh I'm not even richer than them by far but I have access to a place they don't and I was like that's pretty sick that is pretty sick I'd sell that to be rich 100% to sell the access the ticket 100% you want to be backstage with the LMFO just like experiences in general like like what happened with I'm not that deep like being there through maker I think that may not have like he's like I'll trade that for a billion dollars 100% I trade it for uh I trade it for 15 grand right now
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