Enjoying your adventures. I'm getting ready for retirement. My retirement accounts are 25% stocks for growth and smaller dividends and 75% dividend etfs'. Growing quickly. Thanks for posting.
Love how transparent you both are! Don't sweat it with the youtube income... most channels don't make a high "click bait" amount. The fact that you enjoy it is the most important thing. The tax deductions make it nice because you are now traveling, so you should be able to write off every penny and clear that amount tax free!
It really is amazing how little UA-cam pays. Maybe if you start jumping off buildings, your income will increase. You make a good point though about having a few different streams of income. This is also our thinking. Our channel is mostly about starting and running a plant nursery as a retirement business. Thanks for all your great videos, Larry
Agree about the transparency. Really nice to see a truthful down to earth video. You guys have done well. 5000$ budget is a decent budget to enjoy retirement.
Thanks, Larry!! Lol, maybe we should consider adding some danger to the videos! That may help 😉 The different streams are key to staying flexible in our minds...so we hope that it will work out as we have envisioned!!
Thank you, Frank! We wanted to let people see the numbers so they could judge for themselves if these streams would work! We hope they continue to grow 😉
We are so glad that it is useful for yourself and others! This is exactly why we make the videos, to help others realize that there is an alternative to "normal" retirement! Hope you have a great week.
This is the very first video I watched from you guys, I’m pretty sure, I’ll watch your previous ones to see which dividend stocks you were investing in and how you got to where you are right now.
I appreciate you two making this video. Very inspirational. I'm 56 and really want to retire. I currently have no debt and have 1.1 million in an investment portfolio and about 80,000 in a high yield savings account. It is a bit scary to think of walking away from the work force at this stage in my life, but you guys have inspired me. Thank you.
It is definitely hard to leverage. You have been working your whole life, and that's what you know. But we can tell you we do not regret leaving work... at all! 😊
@HappyPenguin75034 They also stated it includes proceeds from the house in Canada. That may make it seem somewhat more attainable for others wanting to do the same. Still very impressive in only six years!
I've been following your channel since you started around 3 years ago. I'm glad you two hit your goal this year and retired early. I hit FIRE two years ago at the age 42, but stayed at my job for another year. I left my job during October 2023. I'm still in the US, but plan to live overseas for a while. Some of my assets are similar to yours, but my dividend stocks pretty much is my income. A portion of my net profit from rental properties are reinvested into my ETFs, index, and dividend funds. Fortunately, my rental properties are in areas where rent prices are high. Also, I was among the lucky Dogecoin folks and cashed out at its high during 2022. This was what really drove me way over my FIRE number.
You're coming up on one year retired! Congratulations! How does it feel? Dividends are our favorite thing at the moment! 😉 We definitely recommend living abroad for some of the time... you get to explore new places, try new things, and depending on where you decide to go, you can also save a lot of money! Is there any place in particular you would want to go first?
Love, love, love, your video!!!! ❤ I am grateful for you sharing your experience with us! Keep up good work! I recently broke free and am living freeeeee baby, yeah!!! 👍🏼
We weren't sure we could do it either when we started. But we were determined, put everything we had into making our plan a reality! You can do it as well 😊
I may have missed it, where would someone go to check availability and pricing on your condo? I'd suggest you make a promotional video. Another great video, thanks!
@@FIREWeGo Of course, one day I would want to retire early as well with at least 4 income streams as you shown. I see youtube income as a fluctuating dividend ETF payments lol, you keep making videos, you keep making money. Just for perspective, you would need to invest $240,000 to make $1,800 in 3 months from a stock that pays 3% dividends per year.
How are you handling healthcare? Are you Canadian citizens? In the U.S. I think that affording healthcare premiums is the number 1 concern for those considering an early retirement.
We are Canadian, but as we are going to be out of the country for more than 158 days a year, we will lose our health coverage. We have purchased a global plan through Safetywing. There Iink is in the description!
@@FIREWeGo Thanks, I'll check that link out. We're going to be 60 soon and contemplating retirement but we want to make sure that our youngest is graduated from college and has a job first before we pull the trigger.
Thanks for sharing. Been a long time fan of your channel and content. In terms of UA-cam income source, ive seen other UA-camrs put up affliliated links on the video description section for things like your videos gears, your favorite finance books on Amazon, your own course/book. Something to consider. Love the work, keep it up!
Thank you so much for all of your support! We really appreciate it! Maybe we should start promoting some of those links in the videos... we do have some in the descriptions of the videos and on our blog, but we don't mention them often! 😉
@@FIREWeGo 100% agree. We started our channel to provide the same insight from a couple's perspective that is planning for retirement through FI. We aren't there yet, but driving to get there. The more people that can learn about opportunities out there there better. We were living and grinding like everyone else and never thought about it.
Great video, so do you not have a residence home anymore? Do you just rent like Airbnb type for your life now? Did you sell your house and add the proceeds to the investment account? Thanks, great video
Thank you for reaching out! You're right. We sold our principal residence in Canada and invested the money. Most went to top up our TFSA accounts, and the remainder went into our margin accounts. We still have our rental property in Brazil, but for the most part, we will be staying in Airbnbs and Hotels 🤗
@@FIREWeGo nice, that now enables you to travel full time!. Did the house sale make up most of the capital to provide your dividends or did you do a lot of saving income too?
We have a dividend playlist where we shared it up to the end of 2023. Now, we are sharing this in our membership area if you're interested in joining our community! 😊
You didn't mention this in the video, but I hope you paid off your $60K debt before retiring. I developed 4 income streams as well (not the same as yours but close) and staying debt-free has made all the difference in my financial security. It just provides so much peace of mind knowing you don't owe anyone. Highly recommend!
You're right! Being debt free is also key! And yes, paying the debt was definitely the first things we did... paying interest to the banks was not in our plan! 😊😉 We would love to hear about your streams as well!
@@User12345fan The portfolio (principle) has to go down by the dividend payout. For many, the benefit of investing in dividend paying stocks, ETF's or funds is convenience and some level of predictability.
@@User12345fanthe value goes up and down according to market prices. The underlying dividend is the income. It only matters if you need to sell or dividends are cut.
Thank for reaching out. We do share our portfolio and our dividend income numbers in our Membership area. We have an older playlist that contains most of our current positions, but if you're looking for current ones, those are found in the Membership area. thanks for watching, and we hope that you're having a fantastic week!
I would love a video on dividends, specifically pulling them out and how that looks on taxes. I never have touched my dividends because I heard it will come back to bite me on taxes.
In Canada, at least, if you're invested in Canadian companies/stocks, you receive preferential tax treatment, so you don't pay as much as you would on investments in companies outside the country. We will see if we can do a tax video this coming April. Fill everyone in on how the dividends are taxed!
We currently share our dividend stocks and income on our membership videos. We have older videos under the dividend playlist that hat the majority of our investments listed
Very nice video! Thank you letting us into your lives about a personal topic. I’m starting to aggressively save and invest late in my 40’s but nevertheless my children will be set!
I love that you used actual numbers!! I retired in March too and have a similar financial situation (minus the UA-cam!) and am living on dividends/interest currently. Sorry if you already covered this, but do you also have IRAs or any retirement accounts??
Congratulations on your retirement!! Are you loving it? We do have retirement accounts in Canada, RRSP, and a LIRA. Currently, they are invested with growth etfs, and we won't be pulling from them for several years! We are thinking we may do a portfolio breakdown soon!
I am loving it! I am basically the same age as you, and so have a long time before I will draw from my retirement accounts too. My best decision was selling my house/car. Immediate savings! 😊
Great video! I visit Brazil twice a year from Canada and would like to buy an investment property there. Any website recommendation to review listings to get an idea about the market?
Very nice! Which part of Brazil is your favorite? We are looking at doing a video on options here in Joao Pessoa for rentals. We are just getting it set up so stay tuned!
Your story is awesome! Curious how you handle income tax. I’ve maxed all the registered accounts (rrsp and tfsa) but still have a 7k tax bill each year since I have gics in non registered accounts that aren’t that tax efficient unfortunately. I assume since most of your income is from dividends that are tax most efficiently and you don’t have many non-registered GICs?
This is a.bit hard to say for sure as we are two people. But things like travel costs, medical costs, and food costs would be half as much for only one person. Then other things like accommodation would be about the same!
Just came across you channel. Been catching up watching older videos and love the content. I do have a question for you both if I may. How do your dividend payments get to your bank accounts? Is it automatically deposited or do you have to transfer the funds manually each month? Thanks Subscribed and looking forward to your future videos
Thanks for subscribing! 😁 So, we have to manually move the money each month from our brokerage accounts to our bank accounts. We are not sure if there are options out there to see if this can be done automatically. That would be great!
Can you share which dividend stocks you choose to invest in or what criteria you look for in buying a stock? This is the stage my husband and I are at right now. And talking him into buying a rental property :)
Sure! We have an older playlist regarding our dividend income, and if you are looking for recent information, we began sharing that on our membership videos at the beginning of the year!
Hi Thanks for a great video May you share which stock paying good and stable dividends? I’m 38 and working towards to an early retirement at 55, I invested in vanguard index atm
Index funds are also great, we have a few of them for growth! We discuss our dividends stocks and portfolio on our membership site if you're interested!
I’ve been retired since 39. I am now 57 with a $3m+ net worth. Besides my pension, I also have several streams of monthly income so that I have yet to even touch my retirement savings.
Thank you so much, and we have no doubt that you will be successful! Are you looking at moving to the Philippines? Or are you already there? We definitely want to head there to live for a few months as well!
I set up mine and my wife's retirement using multiple streams of income. My wife and I both have some small pensions then we also have our social security and dividend income. I really like the dividends. It's our second largest source of income. Combining that with living debt-free we have a lot more discretionary income than we've ever had before.
Being debt-free is key, isn't it?! It's amazing how far your income will go when you aren't paying off things you purchased in the past. Good for you guys!
Congratulations! That is a huge achievement. And by reinvesting your dividends, you'll onky be in a better position once you're ready with your plan for the next stage! Again, amazing job!
Congratulations on your achievements. You both are so inspiring. I'm a subscriber and I'm following you on your journey. May I ask what country are you residents of for tax purposes? As a BC resident, I am required to live in BC for at least 6 months out of the year to retain provincial benefits such as health care. I also learned that Canadians must pay an exit tax if moving overseas. I wonder how you plan (or don't plan) to manage your Canadian/Ontario residency while traveling overseas full-time.
Thanks for joining us on the channel, we love having you here! We do have a video on our tax residency, but the short answer is that we are remaining tax residents of Canada. As we are outside Ontario for more than the required time, we won't have healthcare access, but we have international coverage, so that's ok! As for taxes, as we are full-time traveling, we won't be in any one country long enough to be considered residents for tax purposes there. We still have an address in Ontario, and we have significant ties to Canada... bank accounts, Geans business, etc, so Canada remains our country for taxes! 😁
We have quite a few in our portfolio. Since the beginning of 2024, we've been sharing the dividend income strategy for our members. You are welcome to join us! If not, we still keep the playlist with the dividend investing strategy portfolio here: ua-cam.com/video/W4uolGyd1SU/v-deo.html
First time viewing your video. Congratulations on your retirement. I’m sure you shared your dividend investments. Can you share which video explains this?
We have a dividend playlist where we shared it up to the end of 2023. Now, we are sharing this in our membership area if you're interested in joining our community! 😊
Great video, so inspirational . Small question. Out of the 1 million you have put in dividend stocks, what % of that value was your own savings, and what % came out of your house sale. And secondly , are you now full time based out of Brazil ? Thank you .
Hello! Thanks for the comment. It was around 50% from the house. We had been investing a lot of the equity in the house since 2020, and what was remaining after clearing the mortgage and HELOC went into dividends as well. The rest was savings. We aren't based full-time in Brazil. We will only spend a few months here every year or so. The remainder of the time the condo is rented out.
I appreciate the content and transparency. I’m also set to save up to 1mil cash to retire and end the rat race. It might take me 10 years though lol kudos to you guys
Thank you so much! And don't worry, the hardest part of setting yourself up for financial success is developing a plan and beginning to implement it. Once you get started, you'll be amazed at the growth and speed that you'll achieve!
You guys made me feel better. I just retired at 67, with 60k in military pension/civil service pension income and 4 rentals which gives me about 40k. I am trying to hold out until 70 so I can get about $3,700 in social security a month more. I only have $54k in good yielding stocks which gives me from $125-$212. A month. I still feel pressed.
Thanks for the comment! It's hard to say which are the best. We have ours kistednin our membership area with our divide d breakdown. However, we have canadian Financials, utilities, energy, and telecoms! BUT this is just our portfolio, and definitely not financial advice! 😉
ua-cam.com/play/PLL6xRsyNnV0OI9j8L6nmXvOTDjLUKXqNQ.html&si=00EyILbrsg-_e1UC this is the Dividend Investing Strategy playlist since we started the channel. This year, we've moved the content and dividend income to our members.
The income symtays in Brazil to cover expenses at the condo and cover our living expenses when we are here visiting. Our accountant also uses the tax paid here on our tax returns in Canada.
That is an amazing goal!!! Good for you, you'll definitely see the beauty of compounding taking effect soon! We are so glad that the videos have been helpful. Thank you so much for watching!
Retired at 55, after a layoff, but was already planning to retire at 59 1/2. Only the people who didn't plan, then execute those plans, do not understand.
Enjoying your adventures. I'm getting ready for retirement. My retirement accounts are 25% stocks for growth and smaller dividends and 75% dividend etfs'. Growing quickly. Thanks for posting.
That is great! You're going to love retirement! We also have a large portion in growth etfs!
Love how transparent you both are! Don't sweat it with the youtube income... most channels don't make a high "click bait" amount. The fact that you enjoy it is the most important thing. The tax deductions make it nice because you are now traveling, so you should be able to write off every penny and clear that amount tax free!
That's true about the taxes!! Lol, we will have to look into that this year for sure! Thank you for all your support!
It really is amazing how little UA-cam pays. Maybe if you start jumping off buildings, your income will increase.
You make a good point though about having a few different streams of income. This is also our thinking. Our channel is mostly about starting and running a plant nursery as a retirement business. Thanks for all your great videos, Larry
Agree about the transparency. Really nice to see a truthful down to earth video. You guys have done well. 5000$ budget is a decent budget to enjoy retirement.
Thanks, Larry!! Lol, maybe we should consider adding some danger to the videos! That may help 😉
The different streams are key to staying flexible in our minds...so we hope that it will work out as we have envisioned!!
Thank you, Frank! We wanted to let people see the numbers so they could judge for themselves if these streams would work! We hope they continue to grow 😉
I'm so glad you started your UA-cam channel because I have learned so much from both of you.
Ahhh, thank you, Virna! And we have learned more than you k ow for all of our wonderful community as well!
Great video and your transparency is refreshing. I wish you both all the best and lots of safe travel.
Thank you so much, we hope that people can relate to the information 😊
I'm Brazilian... and I literally see myself and my wife on the same route you guys took, great video thank you.
Ahhh, thank you so much! Any questions please feel free to reach out!
Thank you for your FIRE story and being transparent about it. It's a very realistic goal any average couple can achieve. 👍
We are so glad that it is useful for yourself and others! This is exactly why we make the videos, to help others realize that there is an alternative to "normal" retirement! Hope you have a great week.
Congratulations on your success! Onwards and upwards! :)
Thank you so much! We are excited for what the future holds for sure!
Ah esqueci de comentar..primeira vez aqui no canal.
Parabéns
ah muito obrigado. Bem-vindo(a). Thank you very much and thanks for letting us be part of your Journey to Financial Independence
How comes you guys don’t have more subscribers!?!? Yall have been putting out such good content for so long
Ahhh, thank you so much. That's great to hear that you enjoy our videos, keeps us motivated to make more 😊
May God increase your wealth and health.
That is so lovely, thank you! And we wish the same for you as well 🤗
Great video! You guys provided some really great ideas and how you guys are putting those ideas into practice. Congrats on your successful journey!
Thanks for reaching out. It's great to hear that you enjoyed the video! 😊
This is the very first video I watched from you guys, I’m pretty sure, I’ll watch your previous ones to see which dividend stocks you were investing in and how you got to where you are right now.
We are so glad that you enjoyed!! Any questions, let us know 😉
I appreciate you two making this video. Very inspirational. I'm 56 and really want to retire. I currently have no debt and have 1.1 million in an investment portfolio and about 80,000 in a high yield savings account. It is a bit scary to think of walking away from the work force at this stage in my life, but you guys have inspired me. Thank you.
It is definitely hard to leverage. You have been working your whole life, and that's what you know. But we can tell you we do not regret leaving work... at all! 😊
Wow! That’s a lot. If I can retire on much less, you can surely make it. As long as you don’t have any debt, you should be more than fine.
It's never smart to post how much you have on the internet
you definitely have enough....depending on where you live and what you spend. but you can make it work for sure...even if you have to move
The most realistic video on the topic I have seen. Thank you and well done!
@@WingfanSports thank you so much! We appreciate your support and feedback!
Great stuff! Thanks for sharing!
Thank you! We appreciate you reaching out. We also found your channel to be so helpful! 🤗
Way to go, folks. Love your plan. Congrats 🎈🍾🎊
Thank you so much! We appreciate all the support!
$1M div stock portfolio outside of retirement is impressive. Thank you and many congrats!
Thank you so much! We are very happy and proud of all we have been able to accomplish! 😊
750000 USD.
Of course I don’t know if they always say CAD or not. Sometimes it says CAD sometimes says nothing
@@HappyPenguin75034 yep, closer to $741k USD but still impressive.
Yes, sorry, that is CAD not USD! Thanks!
@HappyPenguin75034 They also stated it includes proceeds from the house in Canada. That may make it seem somewhat more attainable for others wanting to do the same. Still very impressive in only six years!
Thank you for the transparency, I like hearing real numbers to analyze my own status.
We really hope this helps others. It is the reason that we enjoy doing these videos for you all!
Well done! Congratulations! 🎉
Thanks Patrick!! 😊
congratulations , i have been following your journey. just amazing
Truly appreciate all of your support!
I've been following your channel since you started around 3 years ago. I'm glad you two hit your goal this year and retired early. I hit FIRE two years ago at the age 42, but stayed at my job for another year. I left my job during October 2023. I'm still in the US, but plan to live overseas for a while. Some of my assets are similar to yours, but my dividend stocks pretty much is my income. A portion of my net profit from rental properties are reinvested into my ETFs, index, and dividend funds. Fortunately, my rental properties are in areas where rent prices are high. Also, I was among the lucky Dogecoin folks and cashed out at its high during 2022. This was what really drove me way over my FIRE number.
You're coming up on one year retired! Congratulations! How does it feel? Dividends are our favorite thing at the moment! 😉 We definitely recommend living abroad for some of the time... you get to explore new places, try new things, and depending on where you decide to go, you can also save a lot of money! Is there any place in particular you would want to go first?
I really appreciate your willingness to share. It helps so much for my planning. Thanks
You're so welcome! We are glad that it is helpful! 😊
Love, love, love, your video!!!! ❤ I am grateful for you sharing your experience with us! Keep up good work! I recently broke free and am living freeeeee baby, yeah!!! 👍🏼
Amazing, congratulations! You must feel amazing!
What an inspiration! I wonder if we can all really achieve this.
We weren't sure we could do it either when we started. But we were determined, put everything we had into making our plan a reality! You can do it as well 😊
I may have missed it, where would someone go to check availability and pricing on your condo? I'd suggest you make a promotional video. Another great video, thanks!
We are looking at doing a video on the condo coming up shortly. There is lots to show people here in Joao Pessoa, it's great!
Thank you for sharing your insight!
I am long term viewer. Really happy for you both!
Thank you so much! And we truly appreciate all of your support 😊
@@FIREWeGo Of course, one day I would want to retire early as well with at least 4 income streams as you shown.
I see youtube income as a fluctuating dividend ETF payments lol, you keep making videos, you keep making money.
Just for perspective, you would need to invest $240,000 to make $1,800 in 3 months from a stock that pays 3% dividends per year.
How are you handling healthcare? Are you Canadian citizens? In the U.S. I think that affording healthcare premiums is the number 1 concern for those considering an early retirement.
We are Canadian, but as we are going to be out of the country for more than 158 days a year, we will lose our health coverage. We have purchased a global plan through Safetywing. There Iink is in the description!
@@FIREWeGo Thanks, I'll check that link out. We're going to be 60 soon and contemplating retirement but we want to make sure that our youngest is graduated from college and has a job first before we pull the trigger.
@goofygirl1311 completely understand! We actually did a video on our health insurance...think it was in May?
Thanks for sharing. Been a long time fan of your channel and content. In terms of UA-cam income source, ive seen other UA-camrs put up affliliated links on the video description section for things like your videos gears, your favorite finance books on Amazon, your own course/book. Something to consider. Love the work, keep it up!
Thank you so much for all of your support! We really appreciate it! Maybe we should start promoting some of those links in the videos... we do have some in the descriptions of the videos and on our blog, but we don't mention them often! 😉
@@FIREWeGo doest hurt to mention briefly
Thank you to you both. That’s very helpful what you shared. Safe travels 😊
You're so welcome, and thank you!
I love this. Im glad this popped up on my feed. Happy for you all!
Thank you so much! We are also glad that it appeared in your feed! 😊
Thank you for being so open about the numbers! My husband and I would also like to retire early at some point
You can achieve it for sure!!
Gean!!! I think we worked together at apotex! Small world wow - good to see you doing well :)
Such a small world!! Send us an email at firewego@gmail.com. I would love to hear from you!
Love your transparency! It’s not easy putting yourself out there as you have.
Thank you, we really appreciate it. We just want people to understand that there are so many options and possibilities for them! 🤗
@@FIREWeGo 100% agree. We started our channel to provide the same insight from a couple's perspective that is planning for retirement through FI. We aren't there yet, but driving to get there. The more people that can learn about opportunities out there there better. We were living and grinding like everyone else and never thought about it.
Great video, so do you not have a residence home anymore? Do you just rent like Airbnb type for your life now? Did you sell your house and add the proceeds to the investment account? Thanks, great video
Thank you for reaching out! You're right. We sold our principal residence in Canada and invested the money. Most went to top up our TFSA accounts, and the remainder went into our margin accounts. We still have our rental property in Brazil, but for the most part, we will be staying in Airbnbs and Hotels 🤗
@@FIREWeGo nice, that now enables you to travel full time!. Did the house sale make up most of the capital to provide your dividends or did you do a lot of saving income too?
Thank you for the info. Can you please share what dividend stocks and how much in each you have? Thanks
We have a dividend playlist where we shared it up to the end of 2023. Now, we are sharing this in our membership area if you're interested in joining our community! 😊
Thank you for this. We are very similar in many ways. It helps me to see what others are doing.
You're so welcome! We are very glad that it was helpful 😉
You didn't mention this in the video, but I hope you paid off your $60K debt before retiring. I developed 4 income streams as well (not the same as yours but close) and staying debt-free has made all the difference in my financial security. It just provides so much peace of mind knowing you don't owe anyone. Highly recommend!
You're right! Being debt free is also key! And yes, paying the debt was definitely the first things we did... paying interest to the banks was not in our plan! 😊😉
We would love to hear about your streams as well!
Really inspiring stuff guys, thanks for sharing!
You're so welcome! We are glad you enjoyed it, and thank you for the comment!
Thank you for the transparency.
It is crazy how much you receive in dividends.
Thank you for the support! It was hard work to get this far, but we are certainly very happy with the amount! 😊
@@FIREWeGo do you see your protofolio’s appreciation go down in value even if you do not sell the stock itself and only receive dividends?
@@User12345fan The portfolio (principle) has to go down by the dividend payout. For many, the benefit of investing in dividend paying stocks, ETF's or funds is convenience and some level of predictability.
Not really. Average 4.5% on a million bucks it’s average.
@@User12345fanthe value goes up and down according to market prices. The underlying dividend is the income. It only matters if you need to sell or dividends are cut.
Can you share what your dividend stocks you are invested in?
Thank for reaching out. We do share our portfolio and our dividend income numbers in our Membership area. We have an older playlist that contains most of our current positions, but if you're looking for current ones, those are found in the Membership area. thanks for watching, and we hope that you're having a fantastic week!
I would love a video on dividends, specifically pulling them out and how that looks on taxes. I never have touched my dividends because I heard it will come back to bite me on taxes.
In Canada, at least, if you're invested in Canadian companies/stocks, you receive preferential tax treatment, so you don't pay as much as you would on investments in companies outside the country. We will see if we can do a tax video this coming April. Fill everyone in on how the dividends are taxed!
Congratulations for being so honest❤
Thanks for the support, we truly appreciate it!
would love to hear a little more detail on which stocks and ETFs you're invested in. thanks!
We currently share our dividend stocks and income on our membership videos. We have older videos under the dividend playlist that hat the majority of our investments listed
nicely done! how does taxes work for you guys?
Thank you! For taxes, we are still filing in Canada as we won't be in any other country long enough to be considered residents!
Parabens amigos. Very candid information 👌
Muito abrigado! We wanted to let people know what's possible! Thanks for the support 😊
Love the transparency in this video.
Thank you! We also love yours! 😉
Love what you're doing and the great videos!
Thank you for the support, we really appreciate it!
Great video, very honest! Thank you
You're vereelcome! Thank you for letting us know that it was useful!
Very nice video! Thank you letting us into your lives about a personal topic. I’m starting to aggressively save and invest late in my 40’s but nevertheless my children will be set!
Congratulations! That is when we started as well. It is amazing what you can accomplish when you have a goal to work towards! Good luck!
@@FIREWeGo Thank you so much 🙏
I love that you used actual numbers!! I retired in March too and have a similar financial situation (minus the UA-cam!) and am living on dividends/interest currently. Sorry if you already covered this, but do you also have IRAs or any retirement accounts??
Congratulations on your retirement!! Are you loving it? We do have retirement accounts in Canada, RRSP, and a LIRA. Currently, they are invested with growth etfs, and we won't be pulling from them for several years! We are thinking we may do a portfolio breakdown soon!
I am loving it! I am basically the same age as you, and so have a long time before I will draw from my retirement accounts too. My best decision was selling my house/car. Immediate savings! 😊
Great video! I visit Brazil twice a year from Canada and would like to buy an investment property there. Any website recommendation to review listings to get an idea about the market?
Very nice! Which part of Brazil is your favorite? We are looking at doing a video on options here in Joao Pessoa for rentals. We are just getting it set up so stay tuned!
Thank you guys! ❤
Thank you for reaching out 🤗
Congrats, new sub.. retired early because you are rich, wish I was smarter decades ago, playing catch up...
Thanks for joining us! We had to play catch up as well... it wasn't too long ago that we had a bunch of debt and really no savings at all!
Many Thanks for the great explanations. Very nice Video.
Thanks so much, Terry! We're glad that you enjoyed it! 😊
Well done! Working out better than you planned.
It really is...so far, things are going well! 🤞
Your story is awesome! Curious how you handle income tax. I’ve maxed all the registered accounts (rrsp and tfsa) but still have a 7k tax bill each year since I have gics in non registered accounts that aren’t that tax efficient unfortunately. I assume since most of your income is from dividends that are tax most efficiently and you don’t have many non-registered GICs?
You are correct! We don't have GICs, and the dividends we have in our margin accounts are all Canadian dividends, so they're pretty efficient!
@@FIREWeGo thank you for your quick reply and congratulations again! 😀
@willkeen5010 thank you!! We appreciate your support for sure 😊
You guys are major goals!! 😊😊
Ahhh, thank you! You're also doing amazing things! You have great content in your channel 😉
I love your honest advise
Ah, thank you! We want to be as transparent as we can in order to try to help as many people as we can!
I judge success by the tans you guys have. You are successful!!
Lol, we love this! Thank you so much! We are absolutely loving life right now!
Very nice, well done and very transparent, thank you.
Thank you! We appreciate all your support 😊
My question is: what's the difference costs international travel costs solo vs couple, retire early living costs solo vs couple? Thanks
This is a.bit hard to say for sure as we are two people. But things like travel costs, medical costs, and food costs would be half as much for only one person. Then other things like accommodation would be about the same!
Just came across you channel. Been catching up watching older videos and love the content. I do have a question for you both if I may. How do your dividend payments get to your bank accounts? Is it automatically deposited or do you have to transfer the funds manually each month? Thanks
Subscribed and looking forward to your future videos
Thanks for subscribing! 😁 So, we have to manually move the money each month from our brokerage accounts to our bank accounts. We are not sure if there are options out there to see if this can be done automatically. That would be great!
@@FIREWeGo thanks so much for the response
You're so welcome!
Thank for the video 💖 I really enjoyed it 😊
You're so welcome and glad that you enjoyed it! Thank you for letting us know! 😊
I appreciate this video for sure I’m 26 I feel like I seen a blueprint
What a nice compliment! You have lots of time to make all of your dreams reality, too!!
Congratulations 🎊🎈🍾🎉 (plus this video should rocket up that youtube generated income for y’all!)
Lol, that would be fantastic!!! 🤗
Thanks for sharing your different stream of income. It's inpirational
You're so welcome! We hope that,it helps you guys for sure ☺️
Can you share which dividend stocks you choose to invest in or what criteria you look for in buying a stock? This is the stage my husband and I are at right now. And talking him into buying a rental property :)
Sure! We have an older playlist regarding our dividend income, and if you are looking for recent information, we began sharing that on our membership videos at the beginning of the year!
Your condo is looking good. One day maybe a condo/Joao Pessoa tour episode?
Definitely!! We're ally want to show all of you around this great city!
@FIREWeGo, this would be great. Would love to see the area where you're living while in Brazil.
Perfect, we will see what we can do ! 😊
Congratulations on your success!
Thanks so much!! 😊
Another great video, thanks for sharing
You're most welcome! We are glad you enjoyed it!
Hi
Thanks for a great video
May you share which stock paying good and stable dividends? I’m 38 and working towards to an early retirement at 55, I invested in vanguard index atm
Index funds are also great, we have a few of them for growth! We discuss our dividends stocks and portfolio on our membership site if you're interested!
This is amazing, inspiring!
Thank you so much! We appreciate your support!
Wow, over a million in dividend stocks and all your other income streams are amazing! 🎉
Thanks so much! We appreciate all of your support 😉
Thanks for your transparency 😊
You're most welcome, and thanks for the comment!! 😊
I’ve been retired since 39. I am now 57 with a $3m+ net worth. Besides my pension, I also have several streams of monthly income so that I have yet to even touch my retirement savings.
This is amazing, great job!
Congrats. What kind of pension? I would think military( or military credit) or a type of disability pension if you retired at 39?
congratulations. Can u share your multiple streams of income?
Do you receive Dividend Income throughout the year as well?
Thank you! It was a Police Service pension 😉
First time to see you guys. Congrats.on your achievement! Hope I can replicate your strategy in the Philippines
Thank you so much, and we have no doubt that you will be successful! Are you looking at moving to the Philippines? Or are you already there? We definitely want to head there to live for a few months as well!
I set up mine and my wife's retirement using multiple streams of income. My wife and I both have some small pensions then we also have our social security and dividend income. I really like the dividends. It's our second largest source of income. Combining that with living debt-free we have a lot more discretionary income than we've ever had before.
Being debt-free is key, isn't it?! It's amazing how far your income will go when you aren't paying off things you purchased in the past. Good for you guys!
I am FI right meow, but, have not created a plan to retire early. So, I work still, and re-invest my dividends.
Congratulations! That is a huge achievement. And by reinvesting your dividends, you'll onky be in a better position once you're ready with your plan for the next stage! Again, amazing job!
Damn guys you are killing it!
I also plan to retire at 50, I think it is the perfect age, still have a long way to go but I started investing
Good for you! Starting is the hard part. Keep going, and you'll be amazed by your progress!
Congratulations on your achievements. You both are so inspiring. I'm a subscriber and I'm following you on your journey.
May I ask what country are you residents of for tax purposes? As a BC resident, I am required to live in BC for at least 6 months out of the year to retain provincial benefits such as health care. I also learned that Canadians must pay an exit tax if moving overseas. I wonder how you plan (or don't plan) to manage your Canadian/Ontario residency while traveling overseas full-time.
Thanks for joining us on the channel, we love having you here! We do have a video on our tax residency, but the short answer is that we are remaining tax residents of Canada. As we are outside Ontario for more than the required time, we won't have healthcare access, but we have international coverage, so that's ok! As for taxes, as we are full-time traveling, we won't be in any one country long enough to be considered residents for tax purposes there. We still have an address in Ontario, and we have significant ties to Canada... bank accounts, Geans business, etc, so Canada remains our country for taxes! 😁
Oh wow! Thanks for your reply! That makes perfect sense. I'll be follow you and rooting for you from Canada (for the time being). Cheers !!!
We are rooting for you as well!!
May I ask What stocks do you guys holding for dividends?
Thanks.
We have quite a few in our portfolio. Since the beginning of 2024, we've been sharing the dividend income strategy for our members. You are welcome to join us! If not, we still keep the playlist with the dividend investing strategy portfolio here: ua-cam.com/video/W4uolGyd1SU/v-deo.html
I dont know why but Id love a hug from you guys. You guys are thr auntie and uncle Ive always wanted
Lol, ahhhh! We would definitely give you a hug if we meet up someday! 😊
First time viewing your video. Congratulations on your retirement. I’m sure you shared your dividend investments. Can you share which video explains this?
We have a dividend playlist where we shared it up to the end of 2023. Now, we are sharing this in our membership area if you're interested in joining our community! 😊
so glad for you! i have over 30 shares of VYM
Amazing! It looks like it had quite the dividend increase in June as well, so you must be happy!!
Hello, I'm curious about how much you pay for medical insurance.
Hi there! We pay about 324 cad through SafetyWing
Great video, so inspirational . Small question. Out of the 1 million you have put in dividend stocks, what % of that value was your own savings, and what % came out of your house sale. And secondly , are you now full time based out of Brazil ? Thank you .
Hello! Thanks for the comment. It was around 50% from the house. We had been investing a lot of the equity in the house since 2020, and what was remaining after clearing the mortgage and HELOC went into dividends as well. The rest was savings. We aren't based full-time in Brazil. We will only spend a few months here every year or so. The remainder of the time the condo is rented out.
Great info
Thanks so much!
I appreciate the content and transparency. I’m also set to save up to 1mil cash to retire and end the rat race. It might take me 10 years though lol kudos to you guys
Thank you so much! And don't worry, the hardest part of setting yourself up for financial success is developing a plan and beginning to implement it. Once you get started, you'll be amazed at the growth and speed that you'll achieve!
You guys made me feel better. I just retired at 67, with 60k in military pension/civil service pension income and 4 rentals which gives me about 40k. I am trying to hold out until 70 so I can get about $3,700 in social security a month more. I only have $54k in good yielding stocks which gives me from $125-$212. A month. I still feel pressed.
Congratulations on your retirement!! Your military pension is great, guaranteed income!
Your video is a great share! Which dividend accounts do you think are the best return in 2025?
Thanks for the comment! It's hard to say which are the best. We have ours kistednin our membership area with our divide d breakdown. However, we have canadian Financials, utilities, energy, and telecoms! BUT this is just our portfolio, and definitely not financial advice! 😉
Thanks for sharing @FIREWeGo
ua-cam.com/play/PLL6xRsyNnV0OI9j8L6nmXvOTDjLUKXqNQ.html&si=00EyILbrsg-_e1UC this is the Dividend Investing Strategy playlist since we started the channel. This year, we've moved the content and dividend income to our members.
How do you bring the income from Brazil into Canada . Wouldn’t the tax hit hard
The income symtays in Brazil to cover expenses at the condo and cover our living expenses when we are here visiting. Our accountant also uses the tax paid here on our tax returns in Canada.
I am In my 30s and trying to invest at least $55k per year. Your channel has been a motivation for me the last couple of years
That is an amazing goal!!! Good for you, you'll definitely see the beauty of compounding taking effect soon! We are so glad that the videos have been helpful. Thank you so much for watching!
Holy smokes!, that is amazing !
Thanks !
$55k yearly is Impressive, no doubt you'll increase your savings as you get older
Keep smiling guys
Ahh, thank you!! We definitely will, and we hope the same for you!
Retired at 55, after a layoff, but was already planning to retire at 59 1/2. Only the people who didn't plan, then execute those plans, do not understand.
Planning is the key for sure. And the sooner you begin to plan, the better off you are! 😊
Tour the Condo and neighborhood video please.
That's a good idea! Will try to get that done for you guys!
Hello, great video! Could you please share your dividend portfolio ? Thanks
Thank you! We share our dividends and ournincome on our membership side of the channel!
Great video! ❤❤❤
Thank you so much!
I love our transparent you are
Thank you! We want to show people what can be possible 😊
thanks for transparency. Do you still own any apartment in US or Canada?
You're welcome! No, we sold our home in Canada and just have our condo in Brazil now.
The numbers on your air-conditioning unit in the background are going nuts.
Lol... we noticed that, too! They look normal in person, though 😉