I'm 61 With No Retirement

[Music] Brought to you by Chm, a biblically based alternative to health insurance. Learn more at chmin ministries.org/budget. >> I'm 61 years old, uh, newly single. I live in Lum housing. I have 22,000 left over from the sale of my house in Oregon and I don't know what to do. I'm >> newly single. Divorced. >> Sorry. What did you say? >> You said newly single. Are you divorced? >> Yes, sir. >> Okay. What do you do for a living? >> I work at a training center. I'm a cashier, but I only get about 25 hours a week. >> Okay. So, what are we doing to get a better job? That one sucks >> there. Um, because of my bad knees, I have a I have a bunch of stuff in a storage unit that needs to be sold. >> Is that one what I asked? I asked what you're doing to get a better job. The job you have sucks. >> Nothing right now. Okay. But >> you're a cashier and you can't stand >> and you got 20 and you got 25 hours a week. So we need to do we need a new job. >> Yes, sir. That's true. >> You're starving to death. >> Uh not technically because I still have the >> technically but I mean finan mathematically you don't have any money is my point. >> That is correct. >> And the reason is is you don't have much income. So we've got to work on your career kiddo. >> Yeah. and I have no retirement. Zero. >> Well, we've got to work on your career, kiddo. You got 22,000 in the bank and you're you're living in a rental property and you sold your house. You gone through a divorce. >> Okay. And you're scared, which is understandable. Okay. >> Not to mention stressed. >> Yeah. Stressed and scared. Now, that's fair. Okay. But let let's just pretend for a second. If we could wave a wand, and we don't have a wand, and we're not going to do it. I know, >> but let's pretend for a second. >> Let's say you started making $50,000 a year. >> I've never made $50,000 a year. >> I said, let's pretend. >> Okay, >> go with me on the ride, girl. All right, here we go. You're making $50,000 a year. You have $4,000 a month coming in. You're 61. You have $22,000 in the bank. All of the sudden everything changes. My point of this pretend ride is that uh you your problem is an income problem. >> Yes. >> And so when I fix the income problem in our pretend ride or our dream here for a second, all the stress and the fear starts to go away because it's all really revolves and goes back to that one thing. And and that's our biggest deal here. So have you got any uh you got some bad knees? Okay. Do you have a degree in anything? >> No, sir. >> What's the most you've ever made? >> 36,000. >> Cool. What were you doing? >> I was working at a municipal airport as a custodian working for the city. >> Cool. How long ago was that? >> Two years. >> Two and a half years. >> Not bad at all. Okay. >> Well, >> could you still do that kind of work physically? No sir. >> The knees have gone, huh? >> Can Yep. >> Okay. All right. Cuz I was about to put you into the maid service business because you can make $25 to $50 an hour cleaning people's houses, but that's probably not going to work here. Okay. >> No. No. >> So, this is how I want us to be. This is how I want us to be thinking. I want to be thinking about what we can do >> that gets Jenny's income rocking. And it might be a self-employed thing. it because you that way you can kind of control it rather than just looking for a jo o a 61y old bad knees looking for a job is tough. >> Yes. >> Okay. But if we dream up something that you could physically do >> that'd be pretty cool. Okay. Uh what what's another good job you've had in the past? >> I've been a caregiver cook. >> Oh, those are great. I I can't do caregiving anymore, though, because of my knees and my back. Yeah, >> you could cook. >> Yes, sir. I can cook. >> Okay, there we go. Let's Let's talk about that a minute. I don't know. I'm just I'm just dreaming with you here because I do know that 25 hours a week as a cashier is not our plan. It's not going to get us where we need to go. So, we Something's got to change. You agree with me on that? >> Absolutely. >> All right, kiddo. All right. So, I think you can do this. We've just got to start um you know, I want to stick my head up through the fog of the fear and start looking for the sunshine again and start aiming at something. That's where I'm trying to go with this conversation. Okay. >> Yeah. Yep. >> And cuz I think I think you still got stuff you can do and I don't know exactly what it is, but I'm going to go figure out something that I start making$25 $30 an hour and I'm able to do 40 or 50 hours a week and I'm able to do it with your back and your knees. And that's possible. Well, there's things you can do with your mind and with your cooking. Uh, it doesn't always have to be manual labor, right? >> Right. Okay. >> I love the upcycle. >> I've got a bunch of furniture that needs to be uh >> sold. It's fixed and sold. Yeah. Yeah. >> You ever been on eBay? >> I You ever been on Facebook Marketplace? >> I am technically challenged. >> You ever been on Facebook Marketplace? >> Could someone help you get a little Facebook Marketplace account set up? grandkids around, >> take some iPhone pictures and list it. >> Your grandkids to show you how to set up an eBay store and a Facebook marketplace store. Let's start buying stuff at garage sales and reselling it. >> I'd love that, but I already have enough stuff here to sell. >> Well, go ahead and sell. Let's start with that stuff. You got a good inventory to get started. >> Let's get a Facebook marketplace up and use that to learn sell the crap off and get that storage unit cleaned out. And then you can go buy a chair for $2 at a garage sale and sell it for $50 on eBay. Okay. >> And you can make $100,000 a year screwing around with that. >> Well, this is businesses around this. >> I'm now I'm excited, Jenny. This is going to be great. >> But you're going to have to get somebody to teach you this technical stuff. But hey, I'm I'm 65 and I've learned enough of it to get through it. I can I mean I there is one guy that works here that fixes all the stuff I break. But other than that, I mean, you can learn how to do it. You can do it. Hey, hang on. I'm going to send you a copy of Ken Coleman's book, uh, Proximity Principle, which will help you with your career idea. But I think you need to I think you need to start buying and selling stuff on eBay and Facebook Marketplace. >> Try that out on the side. >> Yeah. There was a guy one year that made what was it? He made $800,000 only reselling golf clubs. Wow. He would buy used golf clubs at a garage sale, shine them up, and resell them on eBay, and he made 800K in one year. >> CHM isn't health insurance. is a health cost sharing ministry. Check it out for yourself at chmin ministries.org/budget.