How We Retired Early On $300,000 & How You Can Too
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- Опубліковано 30 вер 2024
- Today we share with you how we retired early.
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We will show how you can retire with as little as $300,000. We retired on this amount and we share with you how this is possible and how you can do it too.
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Really enjoyed this video. I'm considering your advice, because thousands of dollars have been disappearing from my 401k due to soaring inflation, and my concern is where to safeguard and grow remaining cash about $500k+ for the next 2-3 years at no risk. I'd love to retire early and afford a life after retirement.
there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA Annette Marie Holt , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial marketsRead more
this is all new to me, where do I find a fiduciary, can you recommend any?
My CFA ’’ Stacy Lynn staples, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
I’ve been saving for a long time instead of investing, and right now I only have about $250k. I'm not sure how to make it grow into something substantial that I might use for retirement. I’m just here for ideas
50% stock, 20% Bitcoin, 20% high yield CD/ bonds, 10% cash/ fully liquid stable asset
At a point like this, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
*Marissa Lynn Babula is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
Hello, thanks for replying. I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?
She's known as “Rebecca Nassar Dunne”. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
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.
Just started following you. Would you be willing to share what your online income of $4,000 a month is attributed to? Is this with your UA-cam channel?
Technical analysis, sharp insights, and solid strategies are crucial for success in trading. Understanding market trends and making informed decisions can make all the difference. A big shoutout to Laura Grace Abels for her exceptional guidance and support in mastering these essential skills! so glad I started her program.
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
consider investment planning, learning from a well experienced advisor is invaluable
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
@@mariaguerrero08Could you possibly recommend a CFA you've consulted with?
My CFA “Gertrude Margaret Quinto” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
You lost me at “we have a $4000 a month income from working online “that’s not being retired. If you’re earning just under $50,000 a year, that makes your lifestyle feasible. I’ve been hoping to find out how you actually RETIRED with $300,000. 😐
If you don’t have a lot of money get over it and move to someplace more affordable or work part time. The options are endless.
@@Coast_to_CoastThat could be a shortsighted solution, depending.
Correct, they’re not retired; but I’m sure they’ll receive a few views & likes just for pretending! 😜
@@GT-1902 LOL!!!!!!!!!!!!!!!!!!
Yep. What they are saying is you can exist or survive on $300,000. Using the 4% rule that’s $12,000 a year which is technically doable but that’s no way to retire. You need money for visas, emergencies not to mention fun, activities, more travel., etc. Do you just want to exist in your retirement?
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q4 2024.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
MARISOL CORDOVA is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
🎉 You all inspired me & I quit my job yesterday, I'm 53. I was looking into the countries you mentioned & I have my 500k IHG points but I was able to book a year worth of cruises for about $1k/mo so I'll live on cruises first then branch out to maybe Thailand or one of the other places you mentioned. I also took your UA-cam class & I will give that a shot soon. THANK YOU SO MUCH for leading the way. 🏆❤️🎉
Wow, this is really cool!!! Good luck!
That's awesome, so happy for you!
That is 💯% awesome! You took a leap of faith, and that's courageous. I wish you a very happy retirement and lots of meaningful fun and you continue living with purpose. Safe travels as you live on the cruiseship and, beyond that, traveling to and living in Thailand and other countries!❤
I love what you are doing, but HOW in the world are you able to get a year's worth of cruises for about $1K per month?!?!?!?!?! We would love to sign up for a deal like that. How did you do it? Please and Thank You.
I too would love to know how you snagged a cruise deal like that! Please share 😊
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
How can I reach this person?
'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.
Thank you for this pointer. It was easy to find vivian handler, She seems very proficient and flexible. I booked a calI session with her.
*Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every week*
i was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $190K per year but nothing to show for it yet
Alot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across Elizabeth. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any CFP for me or better still can I get on the phone with your CFP? I'm in dire need of proper portfolio allocation.
I've stuck with ‘Elizabeth Colleen Nurre” for some years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
Looks like she really knows her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive.
The fact that you have income stream of $4000 per month makes all the difference and don't need to tap into your $300k. I doubt that will be able to do it without the income stream.
This. If I had 4K of 'Online' income coming in, I could retire yesterday. BS...
Turns out I’ve been retired for the last 15 years and nobody told me?
LOL, exactly. Bottom line you tube is monetized. It's hardly ever honest truth, it's clickbait, then it's what you expected it was really gonna be.
@@MrKlawUK 🤣
@MrKlawUK I just retired last month and nobody told me either.
As much as I enjoy all of your channels,.....the best part of your videos is the love and respect you show for each other,....and the back and forth between the 2 of you is flawless.
Yes, nice to see!
Thank you so much
What you are doing sounds awesome. I would love to know how you discovered this way of life and how you got started. This is something that I would be interested in doing soon. I enjoyed your video. I just found your channel. Thank you for sharing.☺️
I was thinking the same thing. The willingness and ability to cooperate for a mutually beneficial outcome is so key in my experience. Great content.
HOW TO ACQUIRE WEALTH
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.
I had decisions that grew my finances (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Living the dream, hoping to retire next year..
Get to her, if you care....
I am kind of doing the same thing. I will have a pension and 401k, with no savings (retiring at 54). I'm moving in with a friend to cut down on expenses here in the U.S. After taking a break from a serious illness, im going to work at least part-time to pay off some bills. Then go abroad at some point. I want to go to Europe. But I realize I need more money.
Hopefully cutting down on expenses for a few years, I can save.
All the best to you
I am kind of similar to you. Just retired two years ago with a pension, also receiving disability from the VA. I had plans of moving to Portugal, but accommodations are getting too expensive over there. So I am going to Colombia instead. My girlfriend who lives there mortgage will be paid off within a year, and I thought it would be a better idea to built up enough money after, to put down on some real estate in Portugal to keep accommodations very low. So I think Colombia would be a better financial path to Portugal. It may take a couple years, but it’s better than going there paying rent at the same rate as I would hear in the United States. Make sure you go over all available options. My first option was to go directly there and figure it out without a long term plan.
You can do it!!
Europe IS EXPENSIVE, I know because I live here. Asia or South America is cheaper and more affordable to retire to.
Fantastic vid, thanks for sharing and keeping us financially updated. I hit another $60k today day trading even though I barely trade myself.
Ohh yeah, that was possible with the help of my Guru Jenifer Spencer ❤
She's a licensed broker and entrepreneur from the state
The best strategy is starting with a professional coach, as a beginner who knows little or nothing in forex market
@frankbell1408 wow I'm stunned someone just mentioned Jenifer Spencer, I actually thought I'm the only one working with her
You don't have to be amazed, there are a lot of people working with her. I'm one of her client from Texas
First of all I must say, you guys look good together and the $4k monthly already set you guys well for this journey so I guess the moral lesson here is to figure out how to get up to this type of monthly income… but I can’t think of anyway that wont be like slavery to I and my wife
Very true but this depends on the way you decide to look at it, In these situations, you have to find a way to make your money work for you… meaning you might need to employ a professional to handle it..there is a lot of money in the online space and people don’t realize that
I agree as I am a living testimony.. tried to dabble into the trading world with no experience and no help just my little finding, almost lost everything until my wife found our FA right after covid… now we make over $150k monthly even after paying our commission and reinvesting… A licensed professional can never go wrong in my opinion
There are many FA to work with as far as they are licensed but I work with Mrs Anna Rounds Fay and you can look her up as she is popular in the US… courtesy of my wife🤗
I agree… I had to get an FA after doing a terrible job working for myself… now I make about $80k monthly after deducting commission and taxes… some people are made for this field.. so I try to pay the piper and let division of labor do its thing
Pls how do I reach your coach? Been looking to invest heavy with the right approach but don’t know who to work with
Shared to LinkedIn and Facebook. April 2 is my last day at work. Just turned 55 and we're making "the leap". Your content and story is great.
Congrats!
Congratulations
Congratulations!. I'm 50 now and really would love to retire at 55
I am alot older than you & I can tell you early retirement is not realistic at $300,000. Trust me, costs with a chronic debilitating condition is astronomical, even with medical insurance. You will most likely need to come back to the US if you need longterm treatment. If you are sick &/or can't get around independently, you will not be able to physically live abroad. If you are young & healthy, definitely do travel & live abroad. But once you get in your 40's, start thinking about wheelchair accessibility & how can you afford a medical leave of absence if you or a partner need longterm care. And definitely sign up for longterm care insurance because that $300,000 won't last very long with a chronic condition. Wish I had a crystal ball to see what age 60 had in store for me. I would have planned better financially.
They already did it.
There are countries that offer private insurance at drastically less than the US and medical care is a fraction of American providers.
Longterm in home care is much cheaper abroad.
It's depressing to think so, but if you're looking for affordable healthcare, you would be better off almost anywhere else in the world.
I moved to Taiwan three years ago. Health care is way cheaper and way more accessible than when I lived in the USA. I’d NEVER go back to the USA for health care.
My story is similar. I sold EVERYTHING and moved to Mexico and paid cash for home/car here. Only regret is I didn't do it sooner because it's been a great experience.
Could you please share which city you're living and is it safe for family?!
Where in Mexico? For me its Mérida.
Did you assimilate into the community? Learn Spanish?
Topic is misleading. If you earn $4000 in income from blogging and consulting then you aren’t retired on $300k. If you were earning dividends or interest off that $300k and living off that then you are retired.
I quit my job 30 years ago because I started working for myself. Would you call this a retirement?
For us we call it retired because we went from 50 to 5, and don't really need to do anything, that's where the freedom comes from.
They are making way more money in their retirement than me not retiring and still working.
Most people won’t have that privilege.
International nomads? 😊 do you ever discuss or have you planned for when you’re older and nomad life is no longer possible?
The great part is every year we find new options that we like, so we talk about it often!
do you acfually feel retired and free though? Seems like running the youtube channel, website, photography business, and non-stop travel planning would be a ton of work and just like another full time job. I still love watching you though and dreaming of following suit.
We no longer do the photography sales, and we spend about 5 hours per week making videos, which is like our hobby. So compared to our 50 hour work week, yes, very free!
@@GroundedLifeRetirementTravel A decade ago I started googling... how to get out of the rat race...& stumbled upon vanlife, which I thought was the answer until I discovered your channels. Now I'm thinking, living full time in hotels, on trains and cruise ships like you guys would be living the dream. Love your videos!
@@baconegger1450 I am trying to get out of the rat race and have been curious about vanlife. I'm fascinated by it, actually, and currently looking to purchase a small van. Not ready to make the leap but I might start off with outfitting it and taking a few road trips to see how it feels. I wish you the best on your journey of discovering what's best for you!
I absolutely love you both! You all give me hope, encouragement ~thank you all from my whole heart!
Thank you
I love how so many of the commenters say $300k isn't enough - majority of Americans (singles and/or couples) don't have anywhere close to that amount saved when they retire. In fact, majority of Americans live paycheck to paycheck.
No shit man , I just applied.for SS , turned 62 in December.'23 they'll be sending me 1500. Month .
I figured better get something back before the politicians squander all our money. I've been working all my life .
bought my first car at 16 no help from mom even less from the loser my father was , tossed money into the pot every week like most Americans do.
So I encourage all to take SS early while you can.its only a matter of time before the bottom drops out.
People live way beyond their means. They're the ones ordering doordash avocado toast and think you need $10k a month just to survive.
Totally agree with you. I laugh when I hear news stories about how the average person will have less than 500k when they retire. It is way way less then that. I'm not sure where they are getting these numbers from, but they aren't true.
@@lonesometinman3147 keep your chin up my man, you'll find a way to make it work. And you are in the majority, not the minority.
@@orionvassi exactly! Also a friend of mine lives in his camper and even though it's tight, he's been living off of Social Security while in that Van and doing just fine and has been doing it for just under 15 years. Yes, it's not the preferable choice, but it gives some people hope who think they are doomed to homelessness, just because they don't have 100k+ saved up.
There's always an option. The experts recommend $2.300,000 million to retire. That rent in Thailand is less than an HOA at a condo in Phoenix.
This is so true
I live in Malaysia for less than the property tax I paid in the U.S. 😂
@@lees7340 do you have a long term visa?
@@lees7340how long have you been there and do you like it? We have been discussing it and visited last summer
@@mixnmichael1 I am originally from Malaysia, my American husband lives here on a long term visitor visa for spouse.
I’m 53 and retired 2 years ago with about $1000 pension and $750k cash that I earn $3,000/month invested in cds at 5%. I never touch my principal and when I reach age 62, I’ll have another $1800/ month hopefully. I’m actually retired and don’t need to work to produce an income stream as I’m debt free and money conscious. I just returned from Thailand and Vietnam for 3 months where my budget was about $1800/ month.
$1800 a month? Based on this video with 1 month rent of barely $200 a month, it doesn't add up.
DOes the CD let you withdraw penalty-free on a monthly basis or do you only withdraw when matured?
@@cypress_piper when you buy a cd, the coupon or payment frequency is listed as monthly quarterly, biannually or annually at maturity. I have most of my cds paying monthly and a few paying quarterly but monthly is my preference. Usually a cd paying monthly has a slightly lower interest rate but usually very close to other rates.
Go on treasury Direct. Buy Tbills over 5%
WOW, that is amazing, thank you for sharing, you gave me some ideas how it can be done.
I agree I had to do my own numbers also. I lived off of less then 15k per year for 12 years while working full-time retiring next month and plan to live off 15k till I die, let's just say that's way less than 1 million and I am happy living this way just trust yourself and don't listen to much to others.
Everyone needs to figure it out, that's awesome what you've been able to do.
Wow that’s amazing. How did you do it, if you don’t mind my asking?
To pay for living in a house can easily cost $2,000 / month mortgage - $750.00/ month taxes - $100.00 /month insurance - $100.00 /month internet - $50.00 /month water - $ 150.00/ month for keeping the home updated . Then comes a furnace replacement, new roof , new kitchen, ect. That's already $3,150.00 and may easily be more. To own one car can come in at $600.00/month with payments, insurance, maintenance & fuel. And this is for only a modest car. Now we are up to $3,850.00 /month . One needs to earn about $ 4,600.00/ month gross to net $3,850.00 net. This number is only for housing and transportation and nothing else. No wonder half of the country lives paycheck to paycheck . The great American dream is now a nightmare . Your thinking makes a lott of sense.
A lot of people live well in America without a house or a car. I've rented the same $1200 apartment for 6 years and my rent has never been raised. I take public transportation and rent a car every few months when needed. My total expenses are under $2000/month. The trick is to stay out of debt and stick to a budget. It was only when I got rid of the house, car and other things that I stopped living paycheck to paycheck and was able to start saving.
Wow, you nailed the expenses. With a few tweaks that’s my budget. I have a beautiful pool home on the golf course and drive a hipster car, but I’m bored. My adventurous spirit needs to go.
The new American dream is to leave the USA. And, why not? My great grandfather left Norway for the USA in 1905 for a better opportunity. I can do the same by leaving the USA.
@@randymillhouse791exactly, nothing is constant especially in 100 years.
@@lindadorman2869 ❤
Where are you tax residents and how do you maintain that? I'm always confused listening to international nomads because U.S. citizens have to file taxes. I've wondered if people establish tax residency in South Carolina with just an address with a mail shipper or something. I don't understand how it works.
Most people just use a family member's address. If you're changing states, you just have to make sure you break the residency link with the old state, changing driver's license, voter registration, etc.
If people are changing their domicile state, they'd likely select one that doesn't have income tax.
I live abroad and have to file taxes. I don’t pay anything in federal or state taxes because I’m out of the US for 330 days out of the year. It’s called FEIE. I only pay my social security and Medicare when I file. I’m 28.
What are you invested in?
Can you make a video talking about your original $4000/month online income? Looks like that's the real reason you could retire early. Is that youtube Ads income?
I'm retiring this year with $350k and my only income will be dividends. I'm moving to Cambodia as a base, and will travel from there. One thing UA-camrs never mention, is the visa situation. There are very few countries where you can permanently live or get a retirement visa unless you invest a lot of money. You have to move every 30-60-90 days, or do visa runs which don't guarantee that the customs agent will let you back in. It's not that simple unless you are willing to live in your suitcase 🙂
I'm in the process of getting my residency in Ecuador. If you have a bachelors or higher, you can get permanent residency. That's literally it. If you don't have a degree. You can put 50K into a CD for 2 years and earn 8-10%. That's literally all you have to do. Get permanent residency and then in 5 years, u can test, become an actual citizen and then have 2 passports. Panama is very easy to get residency as well with 0 investment
My brother planned his retirement to Thailand. $25K to get get green card and proof of a one year lease.
@@clintonhauck7893 I will never put $50k in a bank located in an unstable country...
@@janemcgrath9773 When was that?
August 2023
You are not retired if you are UA-camrs.
These are my concerns when staying in a foreign country. Will you get the needed medical care, difficulty getting the required prescriptions, eating out daily, which is unhealthy, how clean is the air?
Isn't $1000 dividend income from a 300K investment too low?
You could get more for sure, but that's what we got with what we chose to invest in. We weren't after max dividends, but more safe ones.
You mentioned house sitting on then I spent an hour down that rabbit hole and am AMAZED at the beautiful homes all over Europe in places I want to see! Two years to go until 62 and then we'll have our $4,000 per month in SS and work pensions without touching our savings! I'm so excited!! Many, many thanks to you both for teaching us that it's possible.
Awesome, the website most people use is trusted house sitters
4k a month is equivalent to having a huge amount of funds....
u did not retire on 300 thousand,u are still working,stop working then see how it works out,real retires dont make 4 grand a month.
Really good information guys without the financial advisor jib-jab. Keep em coming!
Thank you for this video! I’m getting ready to leave the US soon! October or even sooner! I too, don’t have a lot saved but I will make it work and this video encourages me that I can make it work!
You got this!
So glad I found you guys. I’ll be busy going through your back log. ❤ Traveling full time is my retirement dream but my husband is a maker and probably won’t give up his workshop completely. My compromise is to “snowbird” in a different place each year but we will see where we are at when the time comes.
Your channel is such a blessing to everyone who needs a wake up call to think outside of the box! Can't say it enough, THANK YOU! Stay safe! Stay happy!😊❤😊
Thank you
I am curious about the $4k a month. I assume it is from ad revenue from UA-cam. Is this correct? If so I would like to know, ballpark, how many hours a week do you spend creating/filming/editing etc and how long did it take you to get to the point where you earning $4k?
The 4k mentioned in this video was from our previous careers in photography. It was just passive income royalties. But... We do make that on UA-cam now, and all your questions about time frame are answered in today's video here: ua-cam.com/video/xi7OMAZcXUw/v-deo.html
Your not retired ...you do this on line video which is work and you make 4 k a month income ..how is that retired and living off 300k
But you had that $4k/mo to make the leap. How long did it take for your videos to make $4k
That wasn't from videos, it was photography. We didn't start videos until after.
I need my kids out of college. Then I will start scheming
That is what we waited for, actually in college.
Love your channel and videos. Amazing life you are living. I retire at fifty years old, seventeen months from now with a roughly 80K/year pension. Slow travel here I come!
That's awesome! Where do you plan to go?
@@GroundedLifeRetirementTravel My family and I are interested in traveling literally everywhere! We visited nine countries in Europe over a month last summer. Italy is on our short list if we actually move and become tax residents. We may just establish a condo in an income free tax state in America and slow travel. Our time will be spent in Europe, Central America and Southeast Asia. Hopefully we have a long time to experience the world like you two. Thank you for sharing all of your experience and knowledge.
HEALTH CARE IS ONE OF THE MOST EXPENSIVE COST WITH RETIRING. HOW DO YOU HANDLE YOUR HEALTH CARE, VISION & DENTAL CARE COSTS. WHAT INSURANCE COMPANIES DO YOU HAVE OR CARRY
Once you get out of the US, healthcare will no longer be the most expensive cost. Once out of the US, healthcare is either free or an actual reasonable cost.
@@JustinPratt1 it becomes a big deal even outside USA if you have a major surgery, stay in ICU and need specialized care for a longer time... for instance, mexican healthcare is way more expensive now than if you are in USA and have low income and get Obamacare discounts or even medicaid... it's true that usual checkups or labs are much more affordable aborad, but major stuff can put u in the hole for 50K-100k usd..
It's all here: ua-cam.com/video/8nilX1aC8q0/v-deo.html
@@yestohappiness2721 yes, but you can also get very reasonable catastrophic insurance in Mexico. The insurance would cost a fraction in Mexico. You don't have to pay out of pocket for everything in Mexico (been living in Mexico the last 3-1/2 years.)
@@yestohappiness2721 or another example. We are moving to Spain and a private healthcare plan required for the visa is like $75/mo with no deductible or copays and also covers all dental and vision. A lot of places out of the US will not suck away your savings if you get sick.
You both have been a wealth of information and so helpful in our journey to retirement. Thank you for this video, I’m sure it was not easy opening up this much about finances but boy it was very comforting for my wife and I to watch. We have already sold all our possessions in our house and we close on the house tomorrow. We board a ship to go to Rome on April 21st and spend our first two months in Italy, then on to Croatia and the Balkans until we head back to visit family for the holidays.
Keep up the great content we love watching you guys and are thankful we found you on UA-cam
Thanks!
Can you do a post on your investment vehicles? People always talk about invest, but never tell you how. Thanks and keep up the great content. I always look forward to it.
We moved from New York City to florida, I just got my first social security check, 2324 a month, we paid cash for the house, all in with everything electric cable taxes insurance etc, is about 900 a month plus repairs. It's an over 55 . We might get rid of the car next. My wife won't collect social security for another seven years. We need about $4,000 a month to do everything. I know how to make pizzas, I was offered a job for $15 an hour, I can fall back on that when my savings run out
You're not retired if you have online income
I'm moving my 401K into an IRA right now, I'll be putting most of $600,000 into various dividend paying stocks, ETF's and REITS. I am 59.5 now but will be able to easily live off of those dividends. I also should have a 2-3 year cushion of cash in a HYSA on top of that by the end of this year when I pull the plug on my job. I'm really looking forward to it.
Awesome! Sounds like a great plan, well deserved
Great plan. Good luck with your retirement.
Great video. After watching your videos I decided to retire. I should have retired ten years ago. I have more money than I can spend. Thanks
I appreciate what you are doing, but you do get tired of a one room 'apartment'. It's fine while 'on the move' but for long term it gets old.
As always thanks for breaking this down in such a clear manner.
I think it can be difficult for some people to grasp what retiring from a RatRace type job and career and being able to find your passion project. Be it fishing, playing golf, volunteering or even creating content around traveling the world and financial literacy. 😊👍📺💡
Well said!
So, you’re not retired.
So are you guys living off of 60k a year?
Thank you for sharing! I am planning on retiring after this year at 55. I feel good about my finances but the one thing that does worry me is health insurance. Can I ask what you folks do about that?
Doctor and hospital cost in South East Asia is very inexpensive. You don't need to pay health insurance every month and don't even use it most of the time. In Asia, you pay when you see a doctor or get any type of surgery. It is not expensive at all. Good luck.
From what I’m hearing is that your not actually retired. Your making you tube videos and some other things to make $4,000 a month. With the $300,000 in investments you could take out 4% a year which is $12,000, but would be best to let that money grow especially at your young age. The other is the need for health insurance which isn’t cheap and then there are taxes to pay on the income your making including the gain on your investments, etc. What I like is is that your doing your own thing and happy with your life style. Thanks for the video and continued success.
health care is cheap in othert parts of the world.
your journey wouldn't be for me but i am so HAPPY for you ... thank you for showing others that there are options out there and is certainly doable with less than a million ... Bless you both ...
Thank you so much!!
This one made me subscribe :). I know it is possible but you are the first who outlined how it can be done.
Awesome, thank you!
“Retired” I just have a UA-cam channel that generates $4k a month… NOT RETIRED.
Moving to a cheaper country to say you are “free from working” doesn’t sound appealing to me when all can go to hell from the military/government/cartel. In Mexico a lot of places are dangerous and not recommended to be out walking after dark. No thanks. Plus exploiting their economy doesn’t sound intriguing.
A couple of questions that I have about this amount. The first is, as you grow older, and enter the Slow Go, and No Go years of retirement, are you expecting to maintain the UA-cam revenue each month? Does UA-cam pay for past content, or only new content and active subscribers? If that $4000 a month on UA-cam goes away, this could make things very tight when you aren't as mobile. Second, what will the health care and coverage situation be for you as you get older and looking to settle down and not being as mobile? Can you get health care coverage? How much is elderly care in places like Thailand? Are you no longer US tax residents? I am assuming that revenue currently generated requires tax payments, and that also eats into your after-tax budget amount. 5% return on $300,000 assumes the market will cooperate or bond yields remain high. Continued good luck to you both. Enjoy the travels.
Hi Rob and Allie-Is there any way you could give any advice on where to get health insurance that covers internationally?
You have an active income ($4k/month) so you aren't really retired in the traditional sense. A bit misleading.
4k a month from online income means your WORKING and not retired 🤦🏾
Cost of Healthcare? Medical insurance?
You guys are living the dream! I'm 40 and I'm going to challenge myself to do the same. Who's with me? 💪🌍
Am very interested in your videos. I retired almost 2 years ago. My total investments was just under $300,000 at that time. I started saving late at age 60. Then it became difficult to save as life happens, and suddenly I was raising my newborn grandson. So, on top of trying to save for retirement I was also having childcare expenses including daycare while I worked, plus court and lawyer costs which eventually included adoption. That slowed down my retirement saving plan and retirement took on a different look since now I had a child to raise. I am a Retired Registered Nurse, a single mom/grand mom, so my income was ok. I was scared about my financial position retiring, still am, but am making it. I get a total of about $5000 a month from social security and a small widows pension from my late husband. So with that I have not had to touch my ‘nest egg’ and have left it invested in index funds for the past two years. It has grown nicely since then. Prices have gone way up where I live, including my rent. So this year I have decided to finally touch my savings for a down payment on a small house in an economically more reasonable area. This area is also close to a lot of fun things to do, nature, lakes, and near a touristy active city. Fun stuff for myself and my child. My plan is to never let my savings/investments dip below $300,000. To use that as ‘principal’ and yearly skim off about 4%, maybe a little more, as ‘bonus’ money for fun stuff. I’m going to keep our living expenses under our monthly $5,000 budget from Social Security and widows pension. It might take some careful planning but I think it’s a do-able plan.
$300,000 for the two of you is INCREDIBLE. I live frugally. I don't need much. The only big expense is my home - property tax, homeowners ins, and fixing things when thing breakdown...... Whaaat!?!? Move? I need to saty in Southern California. This was too good to be true, because I am single. You have each other to fall against. I'd be too afraid to move to Thailand alone with no friends.
Watching your video today lifted a lot of my worries. I can’t thank you enough! I am close to retirement but have always felt nervous about making the jump. You set a great example for us that we can always make things work if we are willing to make some changes.
That's the key, there are options for everyone
What an absolutely fantastic blueprint you all are providing for living a life of fun and joy! This is very much appreciated, especially your detailed summaries of budgets, costs for different regions, etc. Thank you!❤
Thanks so much!
If you retire on a shoestring and either move some place cheap, have a side income, or live very simply, that could work while you are relatively young and healthy. But what happens when you get older and need help with daily living? What happens if you get sick or have a serious accident and can no longer get around? I know something about this because I had several relatives who needed this type of care prior to their passing. It was fantastically expensive, way more than most people think or have prepared for. That is real life when you get older.
Going to say this on my own line just to emphasize it even though it has been said already. YOU ARE NOT RETIRED! If you are doing something to earn $4,000 a month, you are NOT RETIRED. You just quit other jobs and replaced it with whatever it is you are doing to make $4,000 a month. So, BOO!
Hello from wild & crazy New York City 👋🏽I just wanted to say how much I appreciate the topic of this video. I'm so tired of how the United States keeps trying to make its own citizens feel worthless and like we are doomed to a life of poverty if we don't work until we're 90 years old then die with 5 million dollars in the bank. I retired Jan of this year (2024) at the age of 57. I'm single, no children, healthy, and best of all NO DEBT! Nobody is going to tell me I'm too young to be retired. I worked at my job for 35 years and now the only thing I'm interested in doing, is whatever the hell I want to do!
New subscriber and I love your channel(s)
Great for you!
I think part of this push is because corporations realize the employee base is shrinking as Boomers and Gen X retire
Very deceiving title to this video you say you were tired on $300,000 and yet your monthly budget is $4000. The math does not add up.
Any taxable income will be taxed by the US government unless you give up your citizenship. That should be said so people know.
Are you actually retired? Are you working making You Tube videos?
Guys this is not "retirement".
Working is healthy but this is misleading. It could be regarded as Coast FIRE? You would reasonably expect $300K to double if it remains untouched, if you achieve 7% and wisely invested in just over a decade. Hence triple in 20 years.
But are you using the interest? It seems so. With travel, visas, health care and insurance and hotels how can you live for $1000 per month?
Your messaging is helpful around frugality.
$300K is a little bit tricky number. With March 2020 stock market dip do you still expect $1000/month dividend income even in safe vehicle like index funds. I like the way you planned your travel and make it work. Now, your annual income is more than networth all these years working. Luck favors the brave. Enjoy!!
$1K is only 4% of $300K. It's actually quite a low estimate. Even right now with the current HYSA rates you can get 5-6%. There are multiple funds that are paying out 10%+, they just involve more risk so like with everything, it's up to what you can personally handle. Even if you didn't invest it at all, $300K will last 25 years at $1k/month. It's a lot of money if you're frugal.
Valuations don't necessarily affect dividends. There are plenty of companies that maintained or increased their dividends through the 2020 dip.
That's a good information share@@jeffsitka
The 2020 stock market dip was famously short. It was a good lesson to stay invested and ride out the dips.
@@mogain9258 From 1929 to 1992, the inflation adjusted capital appreciation of the stock market was 0%. Thats 63 years without any appreciation.....Zero. So much for market dips being 'short'.
question: you mentioned about your previous $4000/month online income before you retire travel, can you pls make a video talk about what's that online income is? Website, affiliate, youtube or course? And can you pls make more videos talking about your youtube or other video income? Thanks. You have so many youtube channel, how you could only spend 1 hour every day making videos for all these channels? You hired video editor?
What is it about working online for $4000 that makes you feel like you have retired? The people you quote saying you need 1, 3, or 5 million dollars are for people who ACTUALLY RETIRE.
Is your $4000 a month income all from investments ?
None of the 4k was, it was from Photography. Then an additional 1k was from investments.
I enjoy the channel but a couple points--the title is clickbaity given that you aren't retiring on $300K. You also don't mention any social security or 401K/pension income. Are you still too young too collect at this point? I note that in your videos you often talk about your $4K ceiling for spend and you show how you get close to it. That's not really the $300K plan you are talking about. Your journey is a $4000/month journey. But I'm fine with that. I enjoy the videos, but it's not a $300K lifestyle. Perhaps mixed with SS and a 401K it moves more towards doable. Especially since a $300K dividend-based lifestyle may get crushed by a down earnings year.
I like the advice but you're not retired, you are still working. If we apply the 4% rule, $4,000/mo is equivalent to having $1.2MM in investments. There are a lot of nice places in the world where you could live with $4k/mo.
You should invest into the Kathy Woods grayscale funds right now and 5X the 300,000
probably about 90% of the US Population won't have 300k when they retire. Especially with high expenses and inflation as it is today. Consider yourself in the minority if you have more than 300k when you retire. And probably about 1% of the population will have a million or more.
Oh, sure, you can totally retire on $300,000-as long as you've got that teeny-tiny $4,000 a month in side income. No biggie!
Love your content. How can I generate online income? I’m a 49 single dad and would love to be able to help plan for retirement
SCHD 3.6% YIELD on 300k is a cool 9-10k a year dividend income .
Excellent point. Move out of U.S. to bide your time. Let your savings grow for 2 years and then, re-evaluate.
$300,000? This does not sound like enough to me. Not when you factor in medical insurance etc. How exactly do you pull in $4,000 a month and is that a guaranteed amount?
How do you invest in safe companies?
Is that through a broker?
Are there any really affordable places that you guys go that is not humid? I’m from So. Cal. and used to nice weather. I’d rather live somewhere a little bit cold instead of humid.
Italy can be very affordable, especially if you don't go in the summer, so that might be perfect.
If your working on you tube channels how can you say your retired