Extreme Frugal Minimalists Plan to Retire by Age 35!
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- Опубліковано 16 лип 2019
- This couple from Vancouver, BC is planning to retire by age 35! They live an extremely frugal, minimalist lifestyle that allows them to save more than 65% of their annual income. For the past 7 years, they’ve been investing their savings in index funds and they hope to live off the interest generated from their investments when they retire in a few years.
To follow their early retirement journey, check out their blog, Incoming Assets, here:
incomingassets.wordpress.com/
Although early retirement isn’t accessible to everyone, we do think that what Stephanie and Celestian are doing is interesting because frugal lifestyle choices could help make some financial goals, like getting out of debt, easier to achieve.
To keep their expenses low, Celestian and Stephanie live in a cheap apartment, they don't own a car, they cook nearly all of their meals from scratch, they buy secondhand, they do DIY or cheap haircuts, they use the library for books, movies and games, and a lot more.
We hope you enjoy meeting this inspiring couple and please share your own money-saving tips and hacks in the comments.
Thanks for watching!
Mat & Danielle
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CREDITS
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Music & Song Credits:
All music in this video was composed, performed, and recorded by Mat of Exploring Alternatives.
Editing Credits:
Mat and Danielle of Exploring Alternatives
Filming Credits:
Paul Dussault
www.pauldussault.ca/
/ pauldussault
Travel Photos provided by Celestian and Stephanie from Incoming Assets:
incomingassets.wordpress.com/ - Навчання та стиль
Step 1: Find a Like-minded partner 😭
Exactly!
Good luck it will be difficult but possible!
Step 2: Ensure that partner doesn’t dominate the conversation (not pictured)
Or just start on your own by yourself ;)
they found their match two savers...I would love to find mine I have been repaying debt and i hope to retire by 50 i am 33 now...want to do it sooner but thats the range i am giving myself wish i could do it by 40..but i paid off some massive debt so its okay
I don’t think that they’re extreme at all, the fact that most people could believe that their live style is extreme explains the absurdity of the consumerism phenomenon.
Not having a glass of wine or a beer with dinner is pretty extreme in my book.
@@swissladydriver8980 actually no, there is no need for that, if you like it you can doit time to time.
I wonder if they can also live without their technology, no I-phones, no tablets, no computer then I would be really impressed.
They're two people living on $22,000-28,000 a year. That's poverty level. Let's not kid ourselves here that's fairly extreme. Now they do it very well and are able to live happily on it but here in the states if that were their income they would qualify for a number of government assistance programs.
@@ariefraiser140 I thought they said that their combined income was 80K.
Your lifestyle is considered to be a normal life in the country I live in. And in yours, it's frugal... You even travel twice a year. That is a good life.
same
where do you live?
@@shinaetae4074 in Belgrade, capital of Serbia, former Yugoslavia, which was a fine country untill it broke down to peaces.
I agree, in most places in the world it is normal living... Just high develope countries can call it frugal
@@Ela-yi7pg yes and the huge defference is that we also work hard, but we can't retire till the age of 65 or more.
these ppl are not extreme in their saving and frugality- its just that most westerners are extreme in their wastage and senseless spending
exactly !!!!
Wow. Its insane that most people dont see this.
EXACTLY
This is basically the life of my parents and my grandparents. When did we get so spoilt?
No it’s both. True, Americans do waste a lot of money but they are really good at saving!
When two like-minded people meet.
You mean when 2 wise minded like ppl meet, doesn't happen often.
Yeah, makes the strategy work even faster!
yes my gf is opposite to me, im not sure how we will handle when we live together, she likes to spend ek
@@HomemakerDaze definitely need the right communication. and thats very difficult..
When two mingy people meet
Their biggest secret: no kids. Kids are one of the biggest expenses for most households.
Sami Belhareth get a dog
Cant agree. Doing the same Lifestyle and getting a wonderful daughter didnt change one Thing in Our time plan. (germanyl
@@dardab5576 life style in Germany is way more different than Vancouver
1 kid costs $200,000 to fund until they are 18
@@babor_ a child costs money. Doesnt matter where you are. (whats the difference to Vancouver? What are Extra costs for you if you have Kids? ) Just wanted to say that if you have found your way, a kid wont change it. You will find a way to compensate. Thats the whole point of frugalism. Addapting a lifestyle matching your (and familys) needs
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Mind if I ask you to recommend this particular coach you using their service?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
This girl’s eyes radiate true happiness. I’m so happy for them.
That’s that no debt, no kids, no stress, financially independent for you.
Said the same thing. They happy as hell. Striving to be on the same plane.
He has a good one for sure
A lot of people here might not know that Vancouver is one of the most expensive cities in the world to live to this is actually quite an impressive thing
This is only about love looks like they live in the deep depths of the crime ridden east Hastings Chinatown area so I guess that’s your answer.
@@ingrid.gommess I was asking about the same thing....
@@AlMai222 still cheap though, comparing to Australia. Even in a high level of crime area, or rural area, it would never be that cheap ... :(
My husband and I live on the coast of SoCal and we are both retired. I retired at 43. Our combined income was never more than $60,000. He was already retired while I was still working. It's doable. Save, save, save.
9,500 a year on rent PFFFFFT in the Bay Area rent STARTING OFF is around 1,800 - 2,500 a month .
Boy I'd give ANYTHING to go back to my younger self and advice myself to save save save !!!!! They need to teach this in high school
I was just talking about that with friends..it would have been so nice to not have had to learn everything the hard way..
Michelle Gousios I agree!!!!!!!
Yeah i agree! but i'm still 22 :/
They'd never teach this at an early age because it would slow down the production belt practically to a halt. It would be like teaching slaves how to get emancipated the fastest, safest way possible.
We need write to our government, tell them stop printing paper money.
I stopped getting my nails done and I’m proud of that. One baby step at a time. 😊
Me, too! I stopped bleaching my hair 👱🏽♀️and getting acrylic 💅🏼nails!
My cousin just started doing her own. She does a better job.
High Vibrations I started doing my own too. I actually have beautiful nails especially when they’re long, most people think they’re fake lol. But I now have a new addiction- PLANTS! I’ve spent so much these past few weeks just on plants yikes! 😬😂
Try the kiss dip acrylic nails, only $6 compared to a nail salon visit that cost me $80, never going to a nail salon again.
I do my nails myself . It is way cheaper . And you can still feel happy.
I’ll say one thing, these two are meant for each other. They seem to be on the same page for most things in their lives.
I'll say one thing, you're right.
True they got married in heven
Yes that is true . I live in norway and I see most people here get divorced bcoz they have a built an expensive lifestyle with lot of loans to repay. When they get kids it’s hard to find time for themselves as they have full time jobs too to support the lifestyle. There is when the trouble begins with stress building in relationship little by little over years.
exactly and such thing is very rare
Can’t get any better than that
Nice couple they arent tied to consumerism. They are happy together. That makes the difference.
Exactly. It makes a huge difference.
@@rokyericksonroks 😎
They need to make a YT channel to vlog their journey. Bring in more income. I think the channel would have a ton of followers.
Yes!!
kauigirl808 I agree! This is awesome. I’m medically retired at 43 & have no debt. But I still wait for my social security deposit each month. They could teach ppl how to do this
But then they will have to drag their job around with them, it can be a burden
Word
for real
an old common saying in Italy says: "to those who want nothing the little is more than enough!"
Why haven't I heard that? I mean, never. E sono italiano, cazzo.
Beautiful 🥰
I also noticed they don't have children. That seems to save a lot of expenses too.
Everyone has that choice.
have 3 kids, and we are retiring later this year in our mid 40's.
@@bear420bear not evertone can have kidd bro. I know quite a few people that cant have any.
Or, You can wait untill they have age to walk, and the put them to work.
How the fuck did they come into existence? ?..someone took the hit
What I like about this couple is even if they're frugal, they don't sacrifice the quality of their life. They still live in a decent home, eat really good food and travel. They're just not materialistic. Something I would like to adapt for myself.
Have you ever cooked everything from scratch including bread? I have, and most people don't like investing all that time. Because it is time consuming.
@@dj393 And energy-consuming. I'm all for that but it must be said.
they're not frugal. they're just living a non-western lifestyle. lol
the biggest advantage of not being in debt is that you have CHOICES.
Examples?
@@keelychristine 1. Instead of paying 15% interest on your credit card balance, you can spend that on something you want.
2. You can actually negotiate a discount cause you are paying cash for an item.
3. If you happen apon an investment that will yield 10% yearly return you can take it.
There is no cost of credit to be calculated.
4. You are able to take advantage of time sensitive bargains, which the cost of credit make less attractive.
@@keelychristine I have always found this interesting. If you have $ 5000 balance on your credit card @ 20% interest and your monthly payment is $200. At the end that $5000 cost you $6500. I think an extra $1500 in my pocket offers me choices, don't you think?
@@tonycodolo just use debit..
@@kiwan5425 That is always an option for people.
Off topic but I really admire so much about this chick!! She seems so comfortable in her skin and so confident and happy! Me realizing I have lived my life wrong :(
You're still living your life, you can always start off fresh :)
You're living your life the way you know how to.
Jadie Cook “Me realizing...” is a form of awareness. Now that you have this sense of awareness do something with it. Many of us go through life without awareness. Consider yourself privileged. Every day is a new opportunity to start living the life you want. Go for it! You have nothing to lose and everything to gain. I wish you much happiness.
@@Ivette_Ski Awwww!!!!! So sweet! Thank you! Best of everything to you!
Her hairstyle looks so cute on her!
These are two people who have completely free souls. They just want to retire early to spend as much time as possible together and experience everything life has to offer.
The comment about cooking everything from scratch is absolutely true. It's so much healthier and less expensive
And time consuming.
@inamadworld much healthier because you know what goes into it
inamadworld if your home cooking isn’t healthy, cook healthier
she's not that fit though
You guys have what most Americans envy it’s called self-discipline
Paula C. Of course you could just not get sick.
Self respect too.
@alice coppers,
What you really mean is...they have what most Americans LACK.
@@teakey Right. I have always had type 1 diabetes so I cannot even entertain the idea of being self employed unless it is a 2nd job. If I go to the doctor, my prescriptions and doctor visit with insurance take 1/4 of my income for that month not counting what I spend on health insurance.
Eh, speak for yourself. One can be disciplined and still enjoy some luxuries in life while saving and investing.
This inspired me to live more simple 🙏💕
Yes
Yesss
I'm a little bit worried by these comments.
So many people are saying "saving saving saving." That's not what they are doing! They are INVESTING.
Money you save only lowers in value because of inflation. You have to keep up with inflation, and beat it enough that you can live on the interest.
They mention using a roboadvisor. Wealthfront and Betterment are the two best ones out there. INVEST. don't just SAVE.
Stiggandr1 I was also disappointed that they rent. They could buy a house with that money they have saved. A house is the greatest investment you can make right?
Thats a very good point, saving is great and has its purpose, but investing to where real wealth is made. The rich build assets that pay them money instead of just saving. Even a house that isnt paying you could be seen as a liability and not an asset
@@pasc8699 not really
@@pasc8699 There are positives and negative to owning. I have tried both renting and owning and there are a lot of silent, unexpected, unforeseen costs to owning. It is not as straightforward as I thought back when I rented.
Pasc read or listen to Rich Dad Poor Dad. It's on UA-cam! (Not supposed to be though 😬) Also on Audible, etc.
They seem like real soulmates. Good for them - what a terrific couple!!
I wish more people were into anti-consumption. I don't get some of these comments. It's not selfish to avoid spending money on things you don't need.
Agree and much better for out planet too.
This is the issue of capitalism. The capitalism system is designed to make profits by encouraging spending, and the government will also be benefited via the tax of the spending. But there is no free lunch, who pays the price? The environment. Everyone know this is not sustainable, but all governments don’t care, the politicians only care their own interests. This is so sad.
"Are you doing the most you can with what you have?" Then why do you want more??
Then you do it.
Although I agree , it would crash the economy and life would be bad for everyone except the ultra wealthy.
I retired at 40 living off the fruit of my 1 acre.
Pretty much! Except 4 acres
And probably benefited your health in the meantime...good on you!
Good for you may I ask what did you grow. I've been thinking about selling tomatoes to help with college fees
That’s dope can I live with you?
That’s the way we live in Croatia but we sure as hell don’t save anything or get retired at 35. We work until 65 and then get a pension that can’t even cover basic life needs.
same in Portugal. Starvation wages.
Have to work even after retirement in order to survive.
Penzija u Hrvatskoj je užasna, ali rekla bih da ljudi koji rade vode savršeno pristojno živote. Ponašaš se kao da su svi sirotinje što nije istina.
@@howdopeoplecomeupwithcreat1335 savrseno pristojan zivot sa 3500 kuna place xD
Hahah, Polish high-five! However, if you do have a semi-decent income like the people in the video and actually save / invest you can live okay after you retire at 65 (speaking for the current working generation, not for the current pensioners who are for the most part completely screwed at this point). Me being 27 today I don't think I will ever see a pension of my own with the population decline we are experiencing, so it's definitely a matter of protecting your own future.
See what happens when you don’t idolize celebrities.? You save thousands
good4damoney you can still follow them on a budget 😂
Yeah while they bathe in millions.
???
WendyCinderea baller on a budget. trying to be a celebrity in a Ford escort lol.
I think social media is to blame. People are constantly comparing themselves w acquaintances and colleagues. They feel constantly frustrated and are frequently driven into an unsustainable, consume-driven lifestyle, which only adds to the cycle of frustration.
I think many of us are torn between saving for the future and living in the moment.
100% agree
Ferd Ferd.D Agreed. Love to cook fresh foods. We found ways to save and still eat well.
@inamadworld be content. If you like traveling then do it but you have to sacrifice somewhere else.
You can't have it all.
Yes. Totally agree
Why not have both? Living in the moment is all in the mind...not what you buy in order to sacrifice the future. Having a sound financial future give me peace of mind in the moment now!
I'm so jealous of this relationship, me and my husband are complete opposites when it comes to money. I'm an extreme cheapskate who once lived on $5 for food a week and he is, well not so much. Anyway, these guys are very inspiring.
Wow, 5 dollars a week sounds insanely low. Did you make a bulk purchase on rice and beans or something?
@jenny price honest polite conversation should be had between you and your partner. I've saved and been frugal my whole life. When I got with my partner she had credit card debit, student loan debt, bad spending habits. Frankly she couldn't see a way out. We talked it through and the credit card debt was paid off, cards cut up. Smarter purchasing done etc. 11 years together now and she is so happy, much more frugal and we have our first investment property. Communication is key in a relationship. You and your partner can do it to :)
Change your partner.
the fact that they look and sound very happy says a lot about this lifestyle
Congratulations on being on the final step of your FIRE journey! My wife retired early in June of 2018 and I walk away from my job in December 2019! There is nothing I would rather own more then my own time!
"There is nothing I would rather own more than my own time" Damn.... I felt that
@@Megmerized89 That hit me too.
you never get back time!!! awesome congrats We retire in 6 years we will b 46!!
dude but what do u do in ur free time
Imagine being on youtube just to comment this about your life 50 years old
I ate 2 ice creams watching this I'm not cut out for this frugal life
I love your honesty!
LOL
🍦
😂😂😂 pizza for me!!
You ate 2 ice creams in 9 minutes? Good job!
I've watched this video over and over. I wish they had their own UA-cam channel. So inspiring.
My drugs and alcohol budget always screws up my attempts at being frugal.
Ya i spend all my $ on weed.
make your own drugs!
@@WvhKerkhof haha love this
Lol
I'm not even joking, going sober was amazing for my finances and was the missing link for my frugal lifestyle
I love how this couple hasn’t restricted their travel to save even more. Early retirement would be awesome but living life at the same time means it doesn’t feel like a chore. Definitely motivated me to take another look at our finances! Loved this story and couple
Living This Life They’re the type to be homeless travelers.
certain places and plane tickets are cheaper than the amount ppl spend per yr on junk. depends where you look. i want to learn travel hacking. i know credit card hacking, thats something
They absolutely are restricting their travel. Part of the joy of going to new places is experiencing new foods and the culture surrounding that. If you always just buy from the local market and cook you tend to make the same simple things you always do and not experience the local food. It's like going to Japan, and making your go to Shepard's pie. Sure you save money but you miss out on the unique foods you might have no idea about!
Lucas Kalinak I was confused when they said they travel to try new foods. Like, to try new items from the grocery store? It also wasn’t clear if he does any of the cooking. I have to wonder how well this experiment will go if she were to get sick and he had to be the primary homemaker.
As I said above in a previous post... I find their income pretty insane personally! I earn £14,000 per year and live in a UK city which is generally very expensive. I have never lived with my parents or been supported financially by anyone else. So far this year I have travelled to Cyprus, Italy, St. Lucia, Czech Republic and Poland as well as Northern Ireland and Scotland. I have flights already booked for Germany (twice) and Slovakia, Austria and Czech Republic again before the end of the year. I've always eaten out at restaurants whilst travelling too! $80,000 is a LOT of money. I always wonder what people who earn 20/30/40k do with their money?
A lot of people are asking about kids/pregnancy - just to clarify, we're are 100% not having kids, neither of us wants that lifestyle and I had my tubes tied in my early 20s. But people absolutely do have kids and retire early as well. I have one friend who is early retired with two kids, who retired first and then had the kids, and his costs have been very low since there were no daycare expenses and he cloth diapered both of them. They spend a little more than us but not much.
Stephanie Williams make videos please!!!
The problem with that is if their investments will remain the same or not. Thats the issue. Raising kids on investment income depends largely on the stock market not crashing unless they are invested in things like GIC's. Obviously this assumes that they aren't totally loaded beyond belief.
It would feel pretty bad to have two kids and the stock market crashing destroying your income and then having been OUT of the workforce for so long, finding a job would probably be very difficult.
Works if your children are healthy, which is not always the case...
@@annakopacova2353 True, if they stay healthy indeed.
That was my first thought at the beggining of the video “I bet they do not have kids” 😁
And I think one other key factor for their success is that they don't care what others think.
So what if they live frugally and don't own designer clothes or fancy cars, or they just buy stuff at green grocers using trolleys and cook their own meals. They don't mind being labeled as cheapskates! A lot of our expenditures are made because we strive for social acceptance. These two are above that, and that my friends, is a thing of beauty that some of us can only envy.
So true!
Most stories i read about early retirement comes from couples who have left very high paid jobs, saved a few years and retired. So this couple's story is awesome because they ain't rich to begin with
It would be nice for these documentaries to mention this…
I’m so inspired by this video. Also something that caught my attention is that this women don’t want any makeup or branded clothes. It’s not in her list. And this man is not holding on to any unrealistic beauty standards. He simply love this girl just the way she is. They already have spent almost 7 years together and still counting. They are seeing their future together. ❤️
This's how our ancestors use to live , but taking care of fmly ,plus their own kids.
Are yoiu looking at this guy with special magic glasses. He is no more attractive than she is. Some women make themselves seem so desperate. Do you think he is handsome??? He is an average looking person. You are bragging because an average looking guy cares about his girlfriend. Wow!!!!! That is so amazing! Not! Stop saying negative things about this woman. I am sure that you have never met her. Why are you so into this guy?
it's more of a lifestyle choice
@Joy Gillum lol, order coming right up!
So ENDEARING.
This couple is so in sync. Congratulations you two, wishing you all the best from Ontario ♥️
Hiiii
I really like how they emphasize the priority to traveling, in my opinion, travel the right way. Amongst the culture. Very nice people, good video
Traveling could be a very rewarding experience to have in life and could easily have more importance than just buying things
Cooking during travelling is difficult at times !
Don't let anybody tell this isn't possible.
I did the same.
I "retired" (stopped working for somebody else for money) at 40, by saving around 50% of my income.
No alcohol, no car, no drugs/smoking, parties, designer clothing, etc., etc.
I invested everything into 2 old apartments and a decrepit ranch which I fixed up and am now renting out as holiday rentals.
As these kids said, you'll not be rich, but if it isn't important to have 2 flashy new cars, and dozen iPhones, a massive "keep up with the Jones" villa, and other "luxuries", it's entirely possible.
Ralph Bernhard can I live with you?
we started saving in our early years, 30 years later, nice cushion, no regrets
Inspiring story. This is how you give consumerism and debt the finger.
Well, not exactly. Their investments rely on consumerism to grow...they are simply prospering from other people's bad choices. There will always be sheep.
Brilliant
The concept of finding an apartment for $790.00 in Vancouver is *near* impossible though.
790$ is almost even like a price of a ROOM nowadays in Vancouver, it's RIDICULOUS!
Maybe a rent-controlled apartment they got years ago ?
@@HeriRakotomalala It's very rare to come by. Most people abuse the system.
I was lucky a few months ago and got a 1 bedroom basement suite for $875/mo in South Van, so it's possible.
@@HeriRakotomalala They live in a co-op, and the few in Vancouver have years-longs waiting lists and income requirements. You also have to do work, such as gardening or childcare, to live there.
It's refreshing to see young people managing their money well, cutting back on the basics, looking for the best deals and avoiding the excess. And with that good mentality they save and invest a ton of money and still enjoy their passion of travel.
It's nice to see this contrast as majority of youngsters are jerks obsessed with how they look, what they wear and where they go. Showing off and being debt is not cool but seems to be the norm.
TRUE HAPPINESS! TRUE SELF RESPECTING! Listen calmly to their voices. There are no negative vibes in them. Like musical instruments; clear and pure. It shows their mentality.
Lydia R so true.... listening to how people talk and the energy they carry it reveals all the neuroses!
60% ? are you kidding me? and that amoung in the most expensive town in Canada is just crazy. respect !
*city
I put about half my income toward student loan payments last year. Clearly I need to step my game up! (but I can't do without a car!)
There rental costs seem extremely low to me, I was hoping they were going to elaborate on that
Do you think it's possible in the 2nd most expensive city in the US?
Honolulu here, I save 85%. Retirement could be done in 2-3 years. I’ll be just over 40.
This is awesome, I wish you all the best! I´m in my early 40ies and have the same lifestyle, I hope I can reach early retirement as soon as possible. When I was young, I never felt like retiring early, because I was full of energy. Now, after almost 20 years of full-time employment and after several burnouts, worklife has become an ordeal. This is something young people don´t think about: worklife drags you down over the years, it exhausts you, drains you. The earlier you can escape the rat race, the better off you are. My opinion.
So true. Wish you the best in cutting the cord.
80K? more money than some couples. good for them.
That's CAD. In US that's 60k
I make more than them both and i can hardly survive in Vancouver.
Not in Vancouver. Vancouver is a very expensive city.
And less money than some individuals. They're right, their salaries are average, which makes it even more amazing.
"Free yourself from mental slavery", That's what Bob Marley Said
Facts
No one but us can free our minds - Bob Marley
We should always listen to Bob Marley he's the man
Mate Rockk Bob Marley was a Jamaican musician...
@@Americansikkunt he is really know how to joke, lol
I appreciated several things about this video:
1) They were a very average couple on a normal combined income.
2) Their savings were made through really simple things that were approachable (eating in, relying on public transit or personal power to get around, and bulk shopping). They still enjoy the things they enjoy, such as traveling.
3) They are clearly very comfortable and down-to-earth and love each other. They were really nice to watch as a couple.
@inamadworld 80k in Vancouver is like 60k in USA. So it's 30k per person.
@inamadworld Yeah... It's a struggle. :( Due to the extreme cost of living in Vancouver, we have a lot of homeless people. You need to earn at least a $50,000 salary to sustain a decent living.
I dont have a partner, I love my job and enjoy going to work. Even if I had the money saved, I fear I'd be bored in early retirement. Yes theres a world of stuff out there to do, but doing it on your own can be lonely. They are lucky to have each other.
Having financial stability allows you to scale back hours and take more risk.
Yeah, i think having someone with the same mindset definitely helps. You can try having a pet though, they're wonderful and you can devote more time on them if you're retired. 😊
A women who wants to save money and cooks 😳
When you're happy, you spend less on things you don't need.
I've probably been a minimalist ever since growing up. Now that I graduated and am working at the age of 25 as an engineer, I am hitting it hard to save and invest at an early age. I'm currently saving/investing about 50% of my income.
Yeah, it's not as fun being able to eat out all the time and get the latest gadgets, but I'm willing to sacrifice a few years now for greater freedom later on in life.
Very smart, keep it up.
It's like reading my life in your post lol. 25, engineer, no gadgets, invest EVERYTHING.
Not really take from someone in 20s shows health suddenly failed save 25 to 45 percent but do things you want to do
Nunace your comment doesn't make sense
Make sure you invest bro
This is actually quite impressive... vancouver is one of the most expensive cities in Canada.
Yea I’m curious how one can rent an apartment for less than $800 a month in Vancouver. I’m not in Vancouver or Toronto, and I’d only be able to rent a sh!tbox in someone’s basement for that - if I was lucky.
Maybe a family member owns it and rents to them
Laughs in Australian
Laughs in Californian
I "retired" at age 40 when I moved to Mexico. Truth is I don't work for "the man"; my wife and I own our English school, and work two hours in the morning, two hours in the evening, and two hours on Saturday. No stress, no driving, everything is close and cheap. I did bounce to AZ to see what's going on lately up North, and I bought a "paycheck" car, minimalist household 800 rent, and my monthly was 1200. So my "Mexican" lifestyle did very well in the US.
Tips I have: no debt; cash or non - period. Make a monthly menu. Get the "saver" plan if you have one for electricity. Get a pressure cooker over a crock - double the savings. Car cash; ins. liab. is all. 30 monthly. Find a cool hobby, and better something you might be able to market.
Anyway, that's me at 51 years old in the picture circle. No stress = youth! Peace!
What about health insurance ?
If you say "no debt", do you include mortgage? Here in Rome our mortgage rate actually is lower than rent would be.
@@arainbowonmyplate8634 Nope. I rent for now. When I need a house after a whirlwind tour of Europe and wherever else we might like to visit, we'll buy something quaint with a 200,000 ltr aljibe (cistern) geo heating and cooling, hot water roof tanks and Stirling engine to power it all including the capacitors for the electricity. I build both sundials and clocks, so time won't be a prob. and we'll have a small ISP for keeping contact with the kids, etc. Our rent here is a mere $3700 MXP ($190.25 USD today). It's not hard once you get used to it. It's a love of life and enjoying the sudden moments all. Thanks for asking. :D
@@thomashughes4859 that sounds wonderful. 😍
@@arainbowonmyplate8634 Thanks! I don't drive a Caddie though ... HAHA!!!
A very sweet and simple coupe. I wish them a very happy retirement life.
I recall reading an article from CBC about them, not that long ago. Definitely sparked many productive discussions with friends and family about early retirement. I wish them all the best!
DISCIPLINE! That's the key! Congratulations!
No it's strategy and planning :)
Javier Arellano They created a system that doesn’t take any thinking or planning beyond a short amount of time. Once their system was put in place it takes no discipline.
I love this! I appreciate their minimalistic lifestyle approach and long-term sustainability mindset. This has really inspired me to rethink the way that I manage my lifestyle, spend and invest my money. Thank you for sharing.
We too adopted this kind of lifestyle in our very early retirement. Since being retired, we relocated to a lower standard of living in another state after moving from Calif. When you realize the difference, that we taught our kids, between want and need (yes, they received a lot of wants in balance), you have a healthy approach to your finances.
This young man said something that needs to be heard:
“People only have so much mental and physical energy. “
So they wisely worked with this knowledge! That’s one major reason they are successful in this endeavor. Another reason is they have joined forces to move toward the same goal. The momentum of them together is greater than the sum of its parts individually. My husband and I are doing this and it is incredible how much can be done if you are of one mind! Obviously, if you are living alone you just have to deal with yourself. So, we assume you are already of one mind. 😋
Much more difficult if one saves and the other spends, especially if there's little to no income from a partner. Both need to participate with equal effort or it obviously doesn't work.
Diane R
Absolutely!!!
The concept of limited self-discipline and what not is not really backed by the latest findings in psychology anymore. It's kind of a self-fulfilling prophecy. If you think mental fortitude is a bucket you draw from throughout the day that gets emptied out by the end, then you're likely to suffer decision fatigue. Otherwise, these streamlined wear-the-same-thing "CEO hacks" do not really bear out for most people.
Still not possible to retire completely at age 35. You are not even making enough for the long run.
@@AllTheArtsy Kind of agree here. Self-discipline is a muscle that grows the more you practice it.
To save more, I fast and diet. At age 65, I weigh 125 pounds. Perfect health. No meds.
You fast to save money? That seems like an unhealthy reason to fast. It's not as if you're so low on income you can't buy any food, or is it?
@@pinstripesuitandheels After taxes and medical insurance, my income has always been less than $15,000 per year. I worked part-time throughout my career by learning to go without. However, I have never felt deprived, because I have exactly what I need and no more. Really enjoy my time off. Comfortably retired.
Awesome the bible says we should fast and pray offten....
@Diane R,
Ive done that at times too. If you follow guidelines of medical fasting it is perfectly safe and gives your digestive system a well needed break. There are lots of good videos that explain doing a fast safely.
Fasting has amazing health benefits. It is not just starving yourself. Do it consistently and safely and you will feel amazing and not having your organs constantly breaking down and digesting food.
So glad you are living proof of achieving your dreams. Wonderful to see two young people sharing the same journey. Thanks for sharing this video.
Wow there are some envious people in here. I think they’ve done a great job, there are things to be learnt here
This isn't "extreme", it's just smart. Also cool that they still enjoy life by travelling (i.e. making memories, rather than accumulating "stuff"). Notice they're missing one of the most expensive things: kids. Best to wait til you can afford to have 'em. Good content; liked & subbed!
Most of the people on Earth can't actually afford to have kids though. It is the norm to go into debt for reproduction purposes. But if you own land or are a farmer, then having many children is economical because they give you more workforce.
Both basic jobs. A receptionist! Dude edits books for Amazon publishing. I guess plan just saving is key.
Dave ramsey the everyday millionair
@Karen Batista that's what I'm wondering, will the return of their investment keep up with inflation for the rest of their lives?
@@wollinger All you need to lookup is the "4% rule", and the "simple math to early retirement".
Boring life
All you need to do is decide how much money you need or want to live off of per year in retirement and multiply that by 25 and that's how much you'll need to save. If you want 40k per year youll need around 1 million dollars.
I rewatch this a few times a year. Very inspiring
I found so many gems in this video. My favorite is when they were discussing meal prepping in relation to mental energy and discipline. They seem like they are so in control of themselves and not swayed by their emotions. That’s fantastic
What you do, it's just called survival in Romania...
Cu 80.000 $ pe an cred sieu ca au de unde sa faca economii 😅
@@Jojoyou628 dacă câștigi 8000 de dolari pe ani ești boier!
Also in Croatia,its our national sport=surviving
In Ro mai e o problema sportu national numit Vaitat si gasit scuze
Exactly! They call it frugal!!!! This is a very very good living! They wouldn't survive in Eastern Europe or in the Balcans.
You guys spend thoughtfully, eg. international travel, home cooking. You're not missing out on anything!
They're so inspiring, and it's very generous of them to share their story. I hope they are doing well still.
I Love how in sync they are, it's admirable and I'm very happy for them. I don't think that their lifestyle is extreme at all. I really wish them the very best in their journey and I hope they will grow old together because their connection is beautiful and rare. Many Blessings to them.
firstly,you need a like minded soulmate,the save money
PREACH!
Yep
Yezzzuh
Or stay single it’s much better
Just start by doing your part and setting an example, your partner will catch on.
People like these gives me hope in the world’s future. 🙃
missusJ05 absolutely. same here
I'm retiring at 45, a landlord with no mortgages. I've lived frugal and saved 80 percent of wages but managed to do the things i liked in life. I'm lucky.
Michael Balfour are you in the USA? What city?
@@Tam84USA Scotland, I've been lucky though, not won the lottery or anything but I've been lucky in the sense ive been able to be so frugal.
@@Tam84USA are you in the U.S.?
@Rip Tide No kids currently, I may one day have 1, why?
@chief tp why is that? Maintenance is minimal and i have a network of trades people.
They have the right idea. If I only new at 20 what I know now. They should teach this in all schools!!
All parents should teach this in their homes!!!!!!!!!!!!!!!!!!!!
And you two have a great relationship. You found your perfect partner.
Strong solid couple. They have a plan and the discipline to achieve it. They are completely on the same page which makes it easier. Goals are for losers, winners have systems.
So inspiring! I absolutely love that they spent same on rent as on travel ! Travel is soooo important in my humble opinion,to get the most out of life.
You guys are absolutely adorable!! I love your story. Congratulations on being so frugal and smart.
These two are soooooo inspiring. It's actually how peeps lived prior to WW2...simply and we'll within their meens.
As long a they live in a country with healthcare, this will work.
If u retire early chances of you living a healthy life free of chronic issues is high. So it doesnt matter if the country has a healtcare system or not.
If there is no healthcare, u can ivest some in health insurance.
For sure! I'm sure they pay income tax and despite not spending much they do pay sales tax on things they buy, so they are contributing to the healthacare system in Canada.
@@Amiittk It's proven people live longer if they have meaningful work. What are you dabbling about ...
Great advantage living in a country with free healthcare
Xgenerati keyword: meaningful. Not all work is meaningful and not all work pays.
great attitude and perspective, thank you for sharing!
I always enjoy seeing perfectly matched couples.
People are amazed by their lifestyle. I am amazed over the fact that not everyone is doing this.... it's the only way to live!
true! been doing it for 3 years :)
lastrebel666ify although I admire them. I like my small family and our house with a pool. Not lavish but we love each other and we enjoy life. We work for it, but that’s the trade off.
@@foodandhomeprep8425
Enjoy yourself......
Truthfully it's the smart way to live not the only way. For some of us who lost everything due to health reasons starting to rebuild I don't want to live frugal. I lost enough time as it is.
I spend too much on hobbies that I don’t want to let go
This sounds like normal family in Latvia, except the being able to save in the end of the month, because there is no money left even while living very frugal.
Same here and I live in London
The same in Hungary ..
@@LovesNeverEnding if you live in the wrong side of town in america things are always tough, and you dont work cuz theres no work around, then you got bills and medical bills
I'm just a regular person with an average job in Latvia. I save about 40% of my income every month. I cycle everywhere and I cook my own food. I don't have kids. I feel like most Latvians don't do much to either save money or raise their qualifications to be able to earn more and save. Most people complain rather than do something about it!
@@fifa321lb You've just explained why, by saying "I don't have kids". Before getting married I could also save about as much. With kids it is just plainly impossible. BTW, I am not from Latvia, but also ex-communist eastern bloc, so economic conditions are here quite similar.
Incredibly inspiring! Thank you and good luck to you both!
Everyones Early retirement looks different. Their version does not appeal to me but im happy they found their happiness.
Very nice. I have a spending addiction, so I might be able to retire by the time I'm dead.
Money are made to be spent while you still can, no use for them when you're dead..🤷
And Now For Something Completely Different sadly that is true for many! work so hard and so long, and once you stop ... you stop. seen it in nursing career.
@@akaededeval374 Or from another prospective, my wife and i saved a good percentage of our earnings, and I think we were just at happy as anyone, even though we didn't spend every last dime. Now that we are retired, we can live carefree because we have savings, no waiting for that SS to hit the bank on the 1st. Freedom to not have to set an alarm clock, not have to get to work on time, no time in traffic, no boss to listen to. There are good things about saving a nest egg.
😂
what a very clever couple.. so few understand what they are doing until they are old and it is nearly too late....
I love that there is someone else out there living just like we do... the difference is we are old lol... Our friends do not understand our lifestyle and certainly do not live like us but our mortgage is nearly paid off...we need another 6 months to get it done after only 4 years :-)
Once you learn to be frugal it is impossible to go back to the way you use to be... but in all honesty we have more fun now than before because we have less stress.
I wish this couple all the best...
@ me heretoday! Very smart....
Very cool, I wish them all the best of their plans and future. I’m all for them. Thanks for sharing.
Good luck finding $600 rent in Vancouver. Still very impressive.
Two things can really screw your plans up. Health and an unplanned baby.
Birth control.
I agree, health can mess up your plans.
The guy should get a vasectomy.
Her tubes are tied, and if someone's else wants such a goal for themselves, birth control is a great way to go.
Its like 20 birth control methods. Be wise
This may the first time I've seen one of these videos where the people are actually super regular people. Great.
I think what's really important to point out is that they are also living a much more sustainable lifestyle 🙏
Are they? How do they get to their two international vacation spots every year?
@@Anna133199 nobody's perfect all the time, what matters is that we do our best at most times. That's really all we can ask for :)
@@francescadiana You realise that flying all over the world and back two times a year is extremely polluting, right? I mean EXTREMELY. I'd rather they'd (and the rest of us) consume a little bit more and then stayed home/went somewhere by bus, but at least they don't have kids. That's the most important thing. :) (By the way, I obviously don't know how they do their international vacations. If they cross the oceans by cargo ship, consider my comments non-existent.) When it comes to flying a disagree with yout statement. We don't have to be perfect, but don't fly.
My husband and I enjoy kinda the same lifestyle and professions as you 2 guys, even the cat looks the same. What gorgeous coincidence!
I particularly find very easy to not waste money and can't see another way to live.
Thank you for spreading to the world such awesome way to experience life.