I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up
“Health is wealth” Resistance training to preserve muscle , zone 2 cardio for a healthy heart and a good diet to keep the correct weight. Having money is great, but without health means nothing.
Worked in a nursing home for 26 years and couldn’t believe how many of those people were really there just because they had not taken care of their health and fitness when in their 50’s. People don’t realize how fast your body can go down hill when you stop moving around like most labor workers and parents do.
My parents were fortunate to retire in the early 50s. All of their families said they were nuts to leave work so early for fear of running out of money. My mother was diagnosed with brain cancer at 65 and died shortly thereafter. Had they not retired early, they would never had those years to travel and enjoy each other and the world. Don't put it off - enjoy life. Live everyday like it is your last.
We never know what is around the corner? Too many people put too much emphasis on money. Live for today. Tomorrow is not promised. There's always a way to figure it out. I'm happy your parents go to enjoy their freedom and time together 💖
Exactly. 3 of our 4 parents died in their mid 60s so we retired at 52 after my own cancer diagnosis. We were willing to change our lifestyle significantly to buy us years of not working. It’s not possible for everyone, but if you can, find a way to make it work.
I retired at 52, that was 6 years ago. Never looked back. Friends question whether I should get a part time job to keep busy. I’m busy with retirement. 👍🇨🇦
Yes. I had a cancer diagnosis 3 years ago. It's all clear so far, but it's focused my mind. I am retiring April next year to make the best of the rest of my remaining time.
I’ve never understood the appeal of traveling. To me, it’s just inconvenient and tiring. What I like about this video is to watch two people who genuinely get along and have respect for each other. It just comes through and what a pleasure it is to see.
Not necessarily so. 1 year from now, you could be 20 pounds lighter. Having built lean, muscle. More flexible. More agile. Stronger. Fitter. More well-read. And well-rested. More focused. One doesn't have to travel to see a difference...one has only to move.
I love history, different customs, foreign foods, scenery and I traveled a lot between my 20's & 40's. We almost never took tours, instead we planned our own which added to the fun. I always came back from holidays fit physically as well as mentally stimulated and more confident. But, now that I'm thinking of retirement I have no urge to travel. The world and travel isn't as it was. I doubt I've gone further than 40 miles from home in the past 5 years. But deep down I know it would be good for me to travel again and get out of my comfort zone.
I’m retiring from teaching this year. I’m 66 and about to embark on some cruising ventures. Many think I’m crazy too, b/c I’m selling everything and buying a van to also travel and live when I’m not cruising. Money is important and I don’t have a lot but I’ve raised my three children and I want to live before I die. I love you guys. Such an inspiration.
I lost 2 good friends in 2023, both had plans for 2024. In 2015 I decided to ride to Mongolia on my 250 Motorbike. Got a few sideways looks from some and others who knew me, just smiled. The biggest surprise was, how many others were doing the same. The 2nd, how easy it was and cheap to live outside Western Europe. The world is full of 60 year old, backpackers.
I retired in 2012. In 2012 my monthly expenses (rent, food, utilities, insurance) was $1600 a month and now that exact same lifestyle, no debt, same apartment, same paid off truck, same monthly bills (rent, food, utilities, insurance) cost $3000 a month. $1600 a month rising 6% a year for 11 years = $3027, so average real inflation for last 11 years was 6%. Everybody planning for retirement needs to plan on 6% annual expense increases just to stay even.
High. I've just watched one of your videos where you ask for our inputs. Well, I too retired many years before the state pension. I've always thought of people who went to live abroad as being very brave. That is because I've got lots of ties in the UK, and my wife still works full time. This means that I have to travel alone, and sadly that is hard work when you're alone. Anyway, the video I watched today told of serious health problems that you incurred. Please can you let me know your viewers experiences and knowledge about the global health card that has replaced the European health card. I'm interested to know if you or any one of your viewers have ever commented on using this card in a medical situation, and what advice do you give about healthcare abroad. New videos ideas....on 1) being alone, and 2) the GHC and healthcare. That would be very interesting to hear and see what you think. Thanks for reading this. I look forward to any reply that you're able to give. Daniel Harouche
Have you looked at the US fiscal deficit its $2T pa. There are only 19 countries on the planet that make more than $1T annually. within 10 years that means the interest bearing debt will exceed $60T. At an interest rate of 7% the interest on the debt exceeds all of the US tax income. At which stage interest rates and inflation go exponential. You will need more than 6%, in addition if your money is in bonds real estate or equities will mean that as interest rates rise the value of these investments will fall.
@@davidwalsh6608 There is one big thing that is going to cause the largest financial boom in the history of the world. Boomers represent 20% of population yet own 50% of US assets, $68 trillion and growing. As we start dying off in 2030's, our wealth will be distributed to our heirs, reinvested, spent plus the multiplier effect of all that spending creates a financial boom never seen before in history, trillions per year of extra spending boost US economy plus a driver for the world's economies. After the boom comes the bust, in the 2040's when Boomer wealth is exhausted, spending drops off radically by trillions, our economy and the world's economies crashes into a depression.
I think you obviously need to be Debt Free,Kid Free and have great perspective on the future and your longevity either 2people or a single person.After 60 it’s all about Health,Health&Health!👍
Sometimes, work is a good antidote to loneliness and boredom. I feel like I must continue to work for both mental and financial health. If you can afford to volunteer and does not need a salary, you might like to try helping people in a variety of ways. I’m 76, still working full time.
I retired 2 years ago at 52 once I realized that a lifetime of simple living and basic investing had set me up to do so. Ive had a hard time since then making the mental shift into spending and also with the loss of a sense of identity that work gave me. But jaysus is it ever nice to set my own priorities and schedules now, to go enjoy a bike ride without counting how many days I'll have to wait to have earned enough vacation time to go somewhere/anywhere again, and without dreading a pile of emails waiting for me. Its an adjustment for sure but I am so happy.
I'm sort of going the other way. I retired early with no pension, just investments. I've spent some of these, but last year started getting a company pension, and later this year will get a state pension. I've just sold my house too. I have a small sailing boat which is very cosy to sleep on. I'm not sure what I'll do in the future, but I'm filled with an enormous sense of freedom. I rarely comment on your videos, but always enjoy them, so thank you.
Travel insurance and government support / pension uplifts usually requires a permanent UK address. How do you cope with these expectations when on a boat and travelling abroad?
@@petergorton6618 I'm not travelling on the boat. It's in a boatyard in the UK that allows liveaboards. I pay council tax so it's a legitimate address.
I too retired early, although not so early as you. Both my wife and I were high earners, and had saved and invested sufficient for an extremely good lifestyle in retirement - I'm talking new cars, world cruises, foreign travel etc. Then my wife was diagnosed with breast cancer, and then 3 years later I was diagnosed with cancer of the oesophagus, from which I am still recovering. We both now realise that all the money in the world is no substitute for health and fitness. Yes, we can afford to pay a gardener, but I loved gardening for myself, and now I can't do it. We loved to dine out with good food and nice wines. Now, I can't taste anything. What that made us realise was that simple pleasures in life, like walking the dog on a beach, a walk through the woods, a good film, watching amateur football at the local sports ground, things that don't need money, make us happy. Just do what makes you content.
Retired at 52 and one thing I wish I had done was upped my credit card limits to the max amounts, not that I will plan on using but... just in case. I had been keeping low limit for years. REASON I say this... I was RV'ing in the USA and my generator died, water heater sprung a leak, awnings ripped.. Repairs which put me OVER my low credit limit and the card company refused to increase the limit for me NOW, as now retired I "earned too little" (basically HALF of what I did while working) and in order to ORDER online I could not use the CASH I had. So in desperate times of emergency, having readily available "credit" would come in handy.
One thing I find to be very difficult to do is to spend down my savings - even though that's the whole point! I have all the calculations etc and know that I can as I have pensions that cover the very basics (provided they keep being paid) and don't want to die rich. It's still very difficult to see myself getting 'poorer'. I think I have a well ingrained scarcity mindset that is hard to shift.
Same for me! I'm trying to shift my mindset away from saving and into spending. Even today I felt bad buying 2 beers instead of 1 and thinking that I should not be overspending! I'm hoping that (as I'm just a few months into retirement) this feeling goes away when I feel confident I can live an OK lifestyle for the next 20+ years
I bought a condo in florida in a 55+ community with amazing facility for 100k that is also rentable. My holding cost is 700 month and summer I rent out for 6 months and travelled abroad through airbnb for 6 months, sometimes I booked 6months in Europe paying cheaper rental than airbnb. Look into it,Godbless
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
Snap, I've gone back to work since initially retiring two years ago and currently saving/ investing over 70% of my new income which is also generating more income which I'm reinvesting as even with more lavish spending 3x Holidays and two replacement cars last year but I'm not talking his and hers Rolex's) and no mortgage / inflationary costs I've still got more ready cash than ever before. I want to get to a situation where my passive cash income plus my workplace pension gives me serious regular wealth as the State pension is still 15 years away but I also want to enjoy my financial freedom whilst still fit.
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Colleen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I just retired at 55.... I'd already downshifted from 36 to 25 hrs a week, and realised by taking some pensions early the difference in money was negligible, but now I have all my time to myself, road cycling almost every day. First task is to do all the jobs I never had time for around the house. The mortgage is gone and as a qualified stonemason I can do pretty much every bit of work to our house and all trades, plus car and bike mechanics. I want to get in some bike touring while I'm still young(!) and fit enough, and more importantly not fearful of doing things (yet - that seems to get so many as they age).... Watched a lot of videos on the stoics and I'd already realised that as you get older, time and good health are your most valuable things.... A simple life for me- biking, hiking, swimming in the loch here in the Scottish Highlands, when it's not frozen...and waking up naturally not to some howling alarm.... I have no vices so making the money work will be easier for sure, utilities and food are all I need and in the last 10 years I stockpiled many tools and valuable "preps" ..... It's taking a while to stop seeing myself as an "employee" of anyone!! Henry David Thoreau's "Walden" is the life I have ahead of me lol...I've been having a (work tainted/corrupted) version of it for 15 years!
You are a highly skilled and well prepared retiree! Congratulations. I pretty much always enjoyed working so kept doing full time until 68 or so. Am happy with my life now, at 72. But reading all the comments here is inspiring. I do have the means to choose from many options, and my health pretty darn good too. I don't have vices either. Best Wishes
Subscribed. Something you said about turning off the financial tap from your employer. I've done it and went self employed at the age of 50. That was seven years ago and I've not regretted one day of it. For me, a salary is a drug they give you to make you forget your dreams.
Absolutely! I went self employed nearly two years ago and haven’t looked back. I’ve yet to spend any real time travelling or long sabbaticals away from home, but cutting off the “employed” contract and salary has given me more freedom to do so
@@j..w443 I'm really pleased for you. It a massive step to be brave enough to walk away from a regular salary. But thankfully the rewards for us have seemingly been equally massive, and in my case, quite life changing. I'd encourage anyone if they have a plan and a bigger dream to walk the road we've trodden for themselves .
December 31, I just turned off the cash infusions and retired. We leave for a 2 month stay on the Mediterranean in about 15 days. You two have been a good source of information for us. thank you for sharing your lives to date and for your planned future video's. They help me sleep better at night knowing I am not crazy for some of my fears. But we are moving forward despite them and so excited about our future Best you you both!
Congratulations on your Retirement I retired 20 years ago. Loving it February 2004❤❤ I retired at 53 years. Love to travel. I have been to 45 countries
We did the same routine. Sold everything. House. Boat. Cars. Belongings. And let go of an 18 year business and all the lovely tax breaks and paydays that come with it, to retire to Latin America. 3 months in my husband had a catastrophic motorcycle accident that left him near death. On an operating table with 4 surgeons and a 6 hour operation that entailed 9 titanium plates. All the while, I, his wife was struggling to get money wired to the private hospital he was at for the surgery. $22,000 U.S. There was a couple of weeks there that we thought we had really, really screwed up and should have stayed in our former relatively uneventful life. But. Time moves on. We’re now mentally recovering. My husband physically recovering, and we know our choices were the best for us. We’re really enjoying life, and not just swimming as fast as we can to keep our heads above water, the way we were in the U.S. Great to see a video from you guys. They’re always so well done.
From Australia here. My husband and I always dreamt of owning a home in Europe so we could go there for several months a year, and also use it for a base to travel all over Europe and other countries. We did so 12 years ago and haven't looked back. We didn't have any money, but we managed to put together a deposit, borrowed money in France and everything fell into place. It has been difficult because we could only afford a small older house which had to be renovated. The journey has had its difficult times but it's been the best time. Enjoy watching your blog's and your journey.
@paulk1322 we stay 4 or more months every year. Did maths cheaper to have our own place. We also have a car garaged there. Convenient and easy. Our own bed properly equipped kitchen etc
I’m looking at doing the same. I moved to Australia from the UK in 2003. After spending time in Victory we ended up in Queensland and brought an apartment on the east coast in2016. We still kept an apartment in the UK which we rented out and eventually paid off the mortgage. We needed to borrow in Australia when buying the apartment. In 2021 we had to move back to the UK for family reasons. We currently holiday let the apartment out in Australia and live in the one in the UK. We plan to spend five months a year in Australia and seven in the UK and Europe. We both turn 59 this year and trying to get our heads around making this work.
Been retired for 18 months. We cannot travel due to on going health issues with my father in law. We have had to cancel two trips planned due to his health deteriorating and having to go to hospital. It's something I never factored in and I probably wouldn't have retired early if I knew this. This problem effects many people where parents live a lot longer.
Started our journey in May 2023, mexico for three months, Fiji for two months, home for the holidays, now in south Pacific for the next two months, new Zealand next and then Australia.... Decided to just do it.....
51 years old. I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% and I do all the investing on my own. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year. Pedal to the floor! Thanks for the video. Great content.
I saw on another UA-camr's video that retirement is moving from being a saver to being a spender. He stressed that most people feel anxious about making that change, and that many keep putting it off for this reason alone.
first time to see your video - loved it. I'm 55 and starting to think about the next phase of life: retirement. I'll be watching all your videos from now on! thanks
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $250k per year but nothing to show for it yet.
@@beautifulpeopleonearth that's great! retired in my 40s after inheriting money from a childless relative. I was making 6 figures at work but it was just a treadmill, traveled overseas and found a girl almost my age, happily married and only issue is how to grow or preserve our wealth... think your advisor can be of help?
that's great! retired in my 40s after inheriting money from a childless relative. I was making 6 figures at work but it was just a treadmill, traveled overseas and found a girl almost my age, happily married and only issue is how to grow or preserve our wealth... think your advisor can be of help?
Thank you for this. I just found you. My husband retired at 65 fourteen months ago. I have tentatively set June 2024 for my retirement. It should be easy to walk away but it’s probably the hardest thing I’ve done/am doing in my life.
It’s brilliant 🤩 I retired 6 years ago and never been happier- busy- I play Saxophone now I volunteer in a Toy museum I’m a local tour guide…. Plus we travel a lot.
Just wanted to let you 2 know that after watching your videos 3 years ago, you were the guys who gave us the "push" and "shove" and inspiration we needed to retire early and travel the world. This is our 2nd year of travel and we haven't looked back. We are so glad we took the leap of faith. Thank you SO much for putting these videos out. For anyone thinking of doing this. We say "just do it".
You have to be a little bit crazy to survive in this crazy world so why not? I've lived my life in the present and not worrying about the future. My daughter and I traveled and lived in many different places all over the world. I lost her two years ago and I will be eternally grateful for those memories we made. I never thought my daughter would leave this earthly realm before me. She was only 30. years old but we did a LOT in those years and I'll never have any regrets.
Retired at 50 loved every day of this. Retire when you can for as long as you can. I have followed you for a long time now, your plans eb and flow which is the best for you. Best wishes for your future. Travel opened my eyes and changed my perspective on life. I'm living my dream and love it.
No one understands you better than your own generation. Parents and children’s values/dreams are totally different. Cheers. Listened to you when you left. Great work
Cleveland OH Thanks for your video. Like many I have been worried about retiring. I started working a real job (paying income taxes) at age 15 and now at 67 it is hard to even think about not having a pay check. Being an engineer and a planner we have everything set. No debts, 2 new good used cars, fixed up the house and have a nice retirement savings. I even set myself up with a side hustle teaching people how to dock their boats and teaching the USCG Captains class. But I still had a fear of retiring. Well about 6 months ago I finally decided to retire in June 2024 (in 106 days but who is counting). What pushed me over was the number of people in my life who started dying. So I blackmailed myself by telling everyone I was retiring so I could not back out. It was like a weight was lifted and I can't wait. My plans for retirement are 1. Work part time with my side hustle. 2. Do some week long sailing trips on my sailboat. 3. Take some art classes with my wife. Things like stain glass and pottery. 4. Road trips with no specific end date. Just stop traveling when we feel like it not because we have to get back to a job. 5. Having fun with the younger kids in out extended family.
Amazing video but I will say retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. This is how it should be and I really want that have that comfortable life . Any advice on what to do ?
Thank you for sharing! What I picked up: #1 Get on with your passion. (Don't blame minor health issues for not travelling etc..). #1B - be more specific about your passion. #2 Health is the most critical wealth. (...and it (health) does depreciate over time) #3 Retirement cash - is not about a spreadsheet. In our case we do not budget. We just know that we have 3x more in retirement (from investments) than from our monthly administrator paycheck. #4 Most important in retirement is your relationship with your spouse/partner. thank you.
I retired in August 2022 and had no idea what I was doing. I relocated back to the UK and bought a house that needed massive renovations… I’m almost done e now and next week I’m off on holiday - because I can! I have friends all over the world and part of my retirement plan was to allow me to visit everyone whenever I wanted, and this feels like I’m finally starting my plan. It’s tough “spending” money, but I know it’s the right thing to do. Love watching your journey and thank you for helping me with mine! Happy 2024!
You two are so delightful! Thank you for your candor in sharing the high, lows and practicalities of retirement. All best wishes for enduring health and happiness wherever you may land.
Whenever I tell people what we’re planning (full-time RVing North America) starting in April so many say “that is literally my dream!” I just retired at 66 & we’re doing this now because too often stuff happens and you can’t follow your dream. Today can be your someday if you so choose.
Hi both, I just wanted to take a moment to express my gratitude for your recent vlog on retirement. Your insights and experiences shared in that video have truly had a profound impact on the way I view retirement, and I felt compelled to reach out and share my thoughts with you. Your candid discussions about financial planning, lifestyle choices, and personal fulfillment during retirement struck a chord with me. Your vlog not only provided valuable information but also inspired me to reconsider my own approach to retirement. The real-life examples and practical advice you offered have given me a newfound confidence to take steps towards my own retirement goals. I appreciate the effort you put into creating content that goes beyond entertainment and serves as a source of genuine inspiration and knowledge. Your vlog has become a guiding light for me as I navigate the path towards retirement, and I can't thank you enough for that. Keep up the fantastic work, and I look forward to more insightful content from you in the future!
Great to see you back. Love your points. They resonate with me as my wife and I sold up everything and retired to portugal. We moved one week after her last chemo treatment. She bravely arrived in portugal as a sexy bald chick. 5 years in it has been an amazing adventure
"We will be eternally grateful to you for showing us a different life model. On September 12, 2023, a new chapter began for us, as I quit a top job, and we boarded a plane to Mexico. What we've experienced since then surpasses anything from the years prior. Moreover, our mental and physical health has immensely improved. I feel at least 10 years younger. Currently, we're enjoying Koh Samui for a month. We'd describe our lifestyle more as living in different places than mere traveling. We stay at least 2 weeks in one location, sometimes even a month. We don't check off a bucket list; instead, we try to get to know each place and its people. All we need is a scooter and affordable accommodation. P.S.: We love those 'normal' videos from channels just starting. Many channels become so professional over time that they lose their original charm. We hope all your wishes and dreams come true as you deserve."
Ive been disorganised and bad with money all my life. However I am determined to get retirement 'right'. I don't want to work till I'm 70 in a job I hate or live a miserable poor retirement or retire old only to die! Good on you guys, what you did is very inspirational. Thank you for sharing.
I have a house by the coast of UK and would like to rent fully furnished for 6 months in winter, don't need a car as everything is within walking distance. I would like to spend 6 months in Australia and NZ. Lived in the states for past 28 years and sold condo in florida. 2 Go Roam, that is what have been doing since 2015, I am glad did it when cost was lower.
Welcome back - I was starting to think you had been kidnapped! We have decided to go a bit cruise crazy this year. Singapore/Thailand/Vietnam and HK in March. Then Seattle to Miami via Panama Canal in October, backed up with a sneaky 6 nighter around the Caribbean. YOLO!!
Hello, I just came across your channel and I’m so glad. My husband and I have just retired and we are a little bit lost. I’m hoping to watch more of your tutorials and learn something new. Thank you for sharing your experience and knowledge with us.
I’ve been lucky enough to travel to places I had always wanted to visit. Travelling forever doesn’t fill me with that much joy, just done the paraglide in Turkey, last tick in my to do list. I have 6 grandsons, the loves of our life, we also brought a campervan and get away most weekends. I work full time as a Nurse and love my position and colleagues. Life is good, I know my husband agrees travelling all the time is not for us. Glad your happy travelling , I do think you should talk about the down sides of traveller lifestyle, we have friends that did it for 5 years one became very ill, unfortunately he died and his wife has limited funds now😵💫
My parents sold their home and became full time RV's. They traveled for about 10 years and then my mom wanted to have a home base to see grandchildren and do things with them. Because they retired 10 years prior, they could only afford a mobile home. They still went RVing occasionally but my mom always wanted a brick home like they had before. I want to travel but I have too much of a fear of selling what little property that I have. I want something to come home too if I get tired of it.
You guys are such great story-tellers. I really appreciate your transparency and wisdom. I'm about 3 months away from taking the early retirement leap. Winter holidays in a van in the States and the rest of the year in Ecuador is our hope starting next year. Thanks for being such an inspiration!
Our pleasure, thank you so much for the comment on how we tell a story. That is an area where we always try to improve. Sounds like you have a stunning plan! One to be totally excited for, we are excited for you. Go live your dream!
We are in Ecuador right now and it is lovely! Feels safe despite some commotion with the issues of gang, but people are honest, friendly and scenery is amazing!
You may want a plan B destination other than Ecuador because the cartels have declared war on the govt of Ecuador. While some parts may be unaffected now, it will only get worse.
i'm from the one of the areas where the "winter visitors", "snowbirds", "vanlife", "nomads" sojourn during the winter... it can be a great lifestyle but some of the different cultures can be aggressive and there are "issues" at the border... one must be prepared for personal safety in the immediate area of the border (not so much for violence but for theft of property and such)... many visitors/people travel in groups (they call it "tribes" (in a fun way)) and this habit tends to increase the adventure and fun of traveling...
I finished work aged 55 and took my small civil service pension. Renting out my house in the UK which has worked out well for last 8 years. Solo travel is becoming more expensive now and my budget is being tested. Although I have Greek residency , my plan is to keep travelling until I receive State Pension (2 more years) , then sell house in Somerset and buy something small in Cornwall and Devon . I intend to travel for 3 months (or longer depending on the countries) then back to UK to do something useful ie; voluntary work and plan my next trip/s.
Thank you Neil and Sarah. I have followed your channel from the beginning. My husband and I are retired nomads and although we do not spend our whole time overseas, we spend about 9 months overseas and 3 back in the states. This helps us facilitate family visits, admin stuff (taxes, banks, etc), and doctor and dentist visits. I so enjoy seeing your travels because many of the places you have been, we have not so it gives us ideas to help us plan our travels. It seemed like you felt defeated when you purchased your RV but for me, it meant you would continue to travel even if it was only in the UK for now and as you grew in your confidence, you would branch out. That is how we make it better and better in travel, we experience, learn, and go further. So, congratulations on your new newsletter (yes I have subscribed there also), and continue to seek out lifes adventures knowing your are finally able to do some of the fun things in life and yes, others live vicariously through your travels. Cheers.
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Rebecca Nassar Dunne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I retired in June and am so happy at 58. I have a DB pension, no debts and a paid off home. My investments are down but I feel fairly secure. My heart has problems.My financial planner did all the numbers...more than I expected.
Thank you for sharing these honest reflections and lessons from your early retirement journey. It’s inspiring to see how you’ve navigated challenges and evolved, and I appreciate the focus on helping others plan their retirements.
Take yout liquid assets, savings, stock holdings, premium bonds, IDA'S and DB pension etc. Divide this by 25. If the number is greater than your average monthly outgoings then you are good to go.
Great video and great advice for anyone who wants to retire early and make a big change-could be travel or going back to school or starting a business or writing a book or …
Exactly! That is the thing, do what suits. We would be sad to think people watch what we do and think 'We should want to do that...', no... you should want to do what makes you happy and probably challenges you too. Thanks for your support as ever!
Great video folks. While I'm subscribed, I haven't watched too many of your videos (darned YT algorithm), this one resonated with me. Although I'm not yet retired, I can always learn something new about retirement! This video definitely hammered home those facts. Great job!
We plan to slow travel but for now the plan is to come back to our home for part of the year. I am curious about how you’ve managed finding doctors and hospitals while traveling. We plan to get a good travel insurance plan, especially since we’re Americans, but we worry about something happening to one of us, or both, while traveling and not knowing what to do next. Actually I’ve had an emergency hospital visit while on business travel many years ago. I was pleasantly surprised at the medical care received. Luckily was. A hotel so they had a staff member basically hold my me throughout the entire experience. He even held my wedding ring for me until I was able to wear it again. What an angel.
Thank you for the video Neil and Sarah I retired at 55 in 2019 my wife 2020.She was diagnosed with cancer in 2015 and 2017 .touch wood everything OK now we rent our house out but will sell it in 2026 .we sold our villa in Costa Almería in 2022 in favour of travelling more we live in a static home in Bewdley 6 months a year and go out of the UK 🇬🇧 the rest. In Side Turkey 🇹🇷 at moment
I don't know why I am STILL thinking about this video!! Maybe it's the apprehension that we are going through of selling our "home" to transition into uncertainty as we reestablish ourselves overseas. But one thing I thought about this morning, was the psychology of money and retirement..... that even when we run the maths, test the waters, prepare ourselves for every possible scenario we can think of, there is STILL this niggle of uncertainty.... but at the end of the day, we have to trust in ourselves. Just like jumping out of the plane and trusting in the parachute, we have to have faith in your own resilience to overcome life events.
Thank you Neil and Sarah, my dream is still and has always been world travel. I’m not entirely sure how I’m going to achieve my dream as my husband cannot bear the thought of being away from home for more than a month and I don’t like being away from my husband for long periods of time. He likes cruising and I like slow travelling so a world cruise is currently on my radar 🤞🏻
Sounds like 6+/- months a year you two could be traveling the world interspersed with a few weeks to a month of time at home base for visits with friends and family along with home / family / personal health and financial maintenance. Currently this sounds nice to my husband and I.
You guys look ten years younger now than in your 3 years ago video! So energised and full of life. Its inspiring to see how much you clearly love and respect each other. Power couple.
There's no one to tell me I'm crazy, but it's fine because I ask myself if I've lost my mind at least 5 times a day 🤣 Traveling alone ...to places I've never been... with a senior cat and way too much luggage...and still working remotely!! So my answer to myself is "YES. 100%" 🤣 On the other hand, I sit here typing from my Airbnb in a lovely village in the South of France. I think I'll drive over to St Tropez tomorrow 😎 Looking forward to what you have in store this year. Safe travels and hope to see you soon!
Subscribed. We retired almost 2 years ago in July 2022 when we were 55 and 60. We sailed the Caribbean in a sailboat that we purchased for 7 months, been to Costa Rica, Switzerland, Germany, Spain, Rock of Gibraltar, Morocco, England (where I am originally from) and the United States. We live in Canada and we are having the time of our lives. I will watch some more of your videos. Cheers.
Though this was not retirement, I was put on furlough during Covid at 61. I got so healthy during it. Lost lots of weight, went for long walks (because there was now time) and ate better. Realised what my desk job was doing to me. Now I need to wait till I'm 66 to enjoy the same much better lifestyle.
Retirement planning is tricky, but figuring out where to pull funds first made a big difference for me. I strategically reinvested my RMD, and despite doing very little trading myself, I’ve been able to build a stable weekly income of around $25k. It’s amazing how a well-thought-out plan can ease financial pressure later in life.
Just found your channel! Will go against the grain, love my self employed work & hope to carry on health permitting well into retirement. In-between though, many adventures to come at the current age 55.
I am a firm believer you spend what you make. I have worked full time 45 years. I will be 62 and I am hoping to get out of the rat race in 6 months. If not then I will be out by 63. I am close to qualifying for a 3rd pension so I am on the fence. Plus I have an easy job that pays well. I wanted to travel but the world is shit so not sure I still want to do it as much. Have lots of hobbies and things to keep me busy.
Good honest video. I appreciate how you stress that everone must do what is right for them and to go for it. My husband and I have been looking into slow world travel for a while now. For the past few years we have been traveling off and on for about 4 to 5 weeks at a time. By having honest and frank discussions with each other , we both realized that we enjoy coming back to our home base . So we decided that doing a number of frequent trips throughout the year and coming home each time is something that makes us happy. You always stress the importance of honest communication with your partner and I totally agree.
That is really good to hear. We fear that people can start to feel competitive to an extent... there is a thing at the moment where people share the amount of countries they have visited as a flex. We want all our viewers to just be them, do what they want to do and most importantly, live a life they love. You have got this!
Thank you both for enspiring message - we are transitioning into it (we’re 61 and 51) and got travel plans booked through to 2026 (travelling the world for blocks of 3 to 4 months)
Thank you Neil & Sarah, always enjoy and benefit from your honesty and insights! Retirement is a big step (feels like that anyway), so you sharing your experiences and learnings is very reassuring!
Life is often a struggle to balance money with the value of your time. As you get older you will certainly value your time over money as you realize no matter how much money you have ….. you only have a finite amount of time. I recommend you retire (or maybe transition to part time work) at the youngest age possible and be prepared to downsize and simply your life (and expenses) as needed to keep things in balance. Carry on
I paid my mortgage off and I then retired in my late 54. It's the best thing I have ever done. Every day is a new adventure and the days aren't long enough to fit it all in.
Great Story, Great Dream, Great people. Well prepared life plan, you take full responsibility of your actions and life. Truly inspiring and enjoyable. Take care
We retired aged 60 we’re about to get our state pension 6 years later. Our cost of living has significantly increased over the 6 years…. we both have occupational pensions and SIPs but the SP can’t arrive too soon!
Just came across your video yep just go for it. We are now 74 and 82 and have been doing this for over twenty years. Yes we have slowed down and do not hike and walk as much. We now cruise travel by train but still walk most days. At the moment we are spending the winter in South Africa where we have lived for over forty years, we cannot take the cold and wet Scottish winters.
My dream is (and has always been) to retire happily. Two weeks ago, I was suddenly released from my job, and the past two weeks have been the busiest in my career. I thought we had it all figured out, soon I am going to be 63 years young, who needs an old boomer? We had done two table-top scenarios as I was running around with the plan to minimize my duties, we even looked at fully retire with government assistance. Unfortunately, to be able to use some government assistance, until I am 65, they expect me to keep applying for jobs. We have simple goals, two weeks of vacation in the cottage we have been renting for 5 years and see our grandchildren grow up. I have some clubs I like to get involved in, and maybe I decide on signing up for some computer teaching gigs. I might pick up some remote jobs part-time, and I am going to finish my two books I have been working on off and on over the past four years.
Well done for admitting you are mugs, I love watching people like you as it shows me how not to prepare for retirement, keep on putting out more videos of your failures for us to learn from.
I Retired 10 years ago , all good . My sister just retired and she has just , not received her pay , and she is emotional about it . Me at the same stage didn't really even Notice it . I new i had Moneys there to use as Needed ! I might be Strange !
You two are just adorable. Great advice I live in the States and honestly think I will work until I die. I, luckily , started traveling 2o years ago before it was fashionable and I continue to go to a different country every year. Cheers!
We retire in 4 months. We have reasonably good superannuation but a mortgage on the house. We have decided to rent it out and based on recent growth believe our cost of two years of travel (the loose plan so far) will be recouped by the rise in house values. On return we plan to significantly downsize.
I also retired three years ago without any plan about what to do but I knew it was the right decision because of an injury I was in so much pain every day going to work, the opportunity to take early retirement presented itself and I took it, I’m in less pain as I can pace myself as I need to , spend time with my grandchildren go on holidays with my wife started a UA-cam channel about car with my son, take grandchildren to the football to watch our favourite team, it’s great, enjoy your travels I’ll be watching more of your videos, thanks
I retired in 2021 age 62 I have no passport it run out no desire to travel abroad I enjoy my time with my wife and fishing motorcycling riding my cycle I do wot I want when I want no mortgage finished that ten years ago and I don't miss getting up to go to work been living of our savings since 2021 and get my state pension in November of this year happy days
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
@@Rachadrian How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up
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.
“Health is wealth”
Resistance training to preserve muscle , zone 2 cardio for a healthy heart and a good diet to keep the correct weight.
Having money is great, but without health means nothing.
Worked in a nursing home for 26 years and couldn’t believe how many of those people were really there just because they had not taken care of their health and fitness when in their 50’s. People don’t realize how fast your body can go down hill when you stop moving around like most labor workers and parents do.
I worked in nursing homes for 34 years, the biggest regret amongst people is retiring too late.
As bob marley said" money can't buy you life".❤I love him with all my heart❤as my brothers do too❤.
My parents were fortunate to retire in the early 50s. All of their families said they were nuts to leave work so early for fear of running out of money. My mother was diagnosed with brain cancer at 65 and died shortly thereafter. Had they not retired early, they would never had those years to travel and enjoy each other and the world. Don't put it off - enjoy life. Live everyday like it is your last.
They had the foresight to spend quality time together, who wants to work forever.
Beautiful,thanks for sharing
We never know what is around the corner? Too many people put too much emphasis on money. Live for today. Tomorrow is not promised. There's always a way to figure it out. I'm happy your parents go to enjoy their freedom and time together 💖
Exactly. 3 of our 4 parents died in their mid 60s so we retired at 52 after my own cancer diagnosis. We were willing to change our lifestyle significantly to buy us years of not working. It’s not possible for everyone, but if you can, find a way to make it work.
Sorry for those this happens to. This doesn’t happen to the vast majority of people though.
I retired at 52, that was 6 years ago. Never looked back. Friends question whether I should get a part time job to keep busy. I’m busy with retirement. 👍🇨🇦
Yes,,,,don't you wonder how you ever had time to go to work for 8 hours a day?!!! How did we DO that?!!
Life is for living not paying bills all the time 🎉😂
Perfect
That’s so encouraging to hear, I am so looking forward to my retirement shortly.
We need to replace the word with another that's more fitting! Don't yet know what it is...
When our friends starting having strokes, heart attacks etc., we said. We better get on with it. Tomorrow is not a guarantee.
My husband died at 40. I learned the hard way.
@@Jacquie_Kirk_111 I am so very sorry for the loss of your husband at such a young age. I don't know what else to say. I just feel for you.
Yes. I had a cancer diagnosis 3 years ago. It's all clear so far, but it's focused my mind. I am retiring April next year to make the best of the rest of my remaining time.
i thought i would travel the world when i retired.......but 6 grandchildren give me joy and keep me in the uk.
Same here. 6th grandchild on the way. Dream was moving to France. Went house hunting, and then Covid hit. Pleased we stayed in UK.
I’ve never understood the appeal of traveling. To me, it’s just inconvenient and tiring. What I like about this video is to watch two people who genuinely get along and have respect for each other. It just comes through and what a pleasure it is to see.
1 year from now, you will be exactly the same person except for the people you meet and the places you travel…🤷🏻♂️
Not necessarily so. 1 year from now, you could be 20 pounds lighter. Having built lean, muscle. More flexible. More agile. Stronger. Fitter. More well-read. And well-rested. More focused. One doesn't have to travel to see a difference...one has only to move.
I love history, different customs, foreign foods, scenery and I traveled a lot between my 20's & 40's. We almost never took tours, instead we planned our own which added to the fun. I always came back from holidays fit physically as well as mentally stimulated and more confident. But, now that I'm thinking of retirement I have no urge to travel. The world and travel isn't as it was. I doubt I've gone further than 40 miles from home in the past 5 years. But deep down I know it would be good for me to travel again and get out of my comfort zone.
Yes that's wonderful to see. It is wonderful to have options. I did work a long time and my health is pretty good so far. Am enjoying my life.
I’m retiring from teaching this year. I’m 66 and about to embark on some cruising ventures. Many think I’m crazy too, b/c I’m selling everything and buying a van to also travel and live when I’m not cruising. Money is important and I don’t have a lot but I’ve raised my three children and I want to live before I die. I love you guys. Such an inspiration.
i never understand tge sell everything plan when renting can bring income as well as paying for storage of treasured posessions.
Well done making it to 66 as a teacher !!
Good job! Did the same thing…no regrets!
To each their own season and their own decisions...rentals have their own grief ..and for us letting go was liberating.
@@castlequay2327do you think it’s the management costs that make people uncomfortable thus they sell it all?
I lost 2 good friends in 2023, both had plans for 2024. In 2015 I decided to ride to Mongolia on my 250 Motorbike. Got a few sideways looks from some and others who knew me, just smiled. The biggest surprise was, how many others were doing the same. The 2nd, how easy it was and cheap to live outside Western Europe.
The world is full of 60 year old, backpackers.
I retired in 2012. In 2012 my monthly expenses (rent, food, utilities, insurance) was $1600 a month and now that exact same lifestyle, no debt, same apartment, same paid off truck, same monthly bills (rent, food, utilities, insurance) cost $3000 a month. $1600 a month rising 6% a year for 11 years = $3027, so average real inflation for last 11 years was 6%. Everybody planning for retirement needs to plan on 6% annual expense increases just to stay even.
Bitcoin fixes this x 10
High. I've just watched one of your videos where you ask for our inputs. Well, I too retired many years before the state pension. I've always thought of people who went to live abroad as being very brave. That is because I've got lots of ties in the UK, and my wife still works full time. This means that I have to travel alone, and sadly that is hard work when you're alone. Anyway, the video I watched today told of serious health problems that you incurred. Please can you let me know your viewers experiences and knowledge about the global health card that has replaced the European health card. I'm interested to know if you or any one of your viewers have ever commented on using this card in a medical situation, and what advice do you give about healthcare abroad.
New videos ideas....on 1) being alone, and 2) the GHC and healthcare. That would be very interesting to hear and see what you think. Thanks for reading this. I look forward to any reply that you're able to give. Daniel Harouche
Have you looked at the US fiscal deficit its $2T pa. There are only 19 countries on the planet that make more than $1T annually. within 10 years that means the interest bearing debt will exceed $60T. At an interest rate of 7% the interest on the debt exceeds all of the US tax income. At which stage interest rates and inflation go exponential. You will need more than 6%, in addition if your money is in bonds real estate or equities will mean that as interest rates rise the value of these investments will fall.
@@davidwalsh6608 There is one big thing that is going to cause the largest financial boom in the history of the world. Boomers represent 20% of population yet own 50% of US assets, $68 trillion and growing. As we start dying off in 2030's, our wealth will be distributed to our heirs, reinvested, spent plus the multiplier effect of all that spending creates a financial boom never seen before in history, trillions per year of extra spending boost US economy plus a driver for the world's economies. After the boom comes the bust, in the 2040's when Boomer wealth is exhausted, spending drops off radically by trillions, our economy and the world's economies crashes into a depression.
@@stopper90004Lol, it makes roulette look like a sane investment strategy.
I think you obviously need to be Debt Free,Kid Free and have great perspective on the future and your longevity either 2people or a single person.After 60 it’s all about Health,Health&Health!👍
We retired to our dream house on a little lake in January, my husband died 2 weeks ago of a sudden heart attack. Retire as soon as you can . He was 63
I'm sorry to hear u lost your mate 😢
Sometimes, work is a good antidote to loneliness and boredom. I feel like I must continue to work for both mental and financial health.
If you can afford to volunteer and does not need a salary, you might like to try helping people in a variety of ways. I’m 76, still working full time.
@@lzu2860 I get most of my socialization through work. I hope to join a church when I retire which I've not had time to do before
I’m so sorry for your loss😢
Hugs to you….so sorry 😢
I retired 2 years ago at 52 once I realized that a lifetime of simple living and basic investing had set me up to do so. Ive had a hard time since then making the mental shift into spending and also with the loss of a sense of identity that work gave me. But jaysus is it ever nice to set my own priorities and schedules now, to go enjoy a bike ride without counting how many days I'll have to wait to have earned enough vacation time to go somewhere/anywhere again, and without dreading a pile of emails waiting for me. Its an adjustment for sure but I am so happy.
I'm sort of going the other way. I retired early with no pension, just investments. I've spent some of these, but last year started getting a company pension, and later this year will get a state pension. I've just sold my house too. I have a small sailing boat which is very cosy to sleep on.
I'm not sure what I'll do in the future, but I'm filled with an enormous sense of freedom.
I rarely comment on your videos, but always enjoy them, so thank you.
Travel insurance and government support / pension uplifts usually requires a permanent UK address. How do you cope with these expectations when on a boat and travelling abroad?
@@petergorton6618 I'm not travelling on the boat. It's in a boatyard in the UK that allows liveaboards. I pay council tax so it's a legitimate address.
What do you do about health insurance? Relying on the NHS?
May I ask the value of your investments when you retired? Do you cut into the capital?
@@samanthathompson9812 I can't honestly remember.
Yes, I cut into the capital.
I'm not going to live forever.
I too retired early, although not so early as you. Both my wife and I were high earners, and had saved and invested sufficient for an extremely good lifestyle in retirement - I'm talking new cars, world cruises, foreign travel etc. Then my wife was diagnosed with breast cancer, and then 3 years later I was diagnosed with cancer of the oesophagus, from which I am still recovering. We both now realise that all the money in the world is no substitute for health and fitness. Yes, we can afford to pay a gardener, but I loved gardening for myself, and now I can't do it. We loved to dine out with good food and nice wines. Now, I can't taste anything.
What that made us realise was that simple pleasures in life, like walking the dog on a beach, a walk through the woods, a good film, watching amateur football at the local sports ground, things that don't need money, make us happy. Just do what makes you content.
Retired at 52 and one thing I wish I had done was upped my credit card limits to the max amounts, not that I will plan on using but... just in case. I had been keeping low limit for years. REASON I say this... I was RV'ing in the USA and my generator died, water heater sprung a leak, awnings ripped.. Repairs which put me OVER my low credit limit and the card company refused to increase the limit for me NOW, as now retired I "earned too little" (basically HALF of what I did while working) and in order to ORDER online I could not use the CASH I had. So in desperate times of emergency, having readily available "credit" would come in handy.
Thankyou!
You can normally load funds into your credit card via banking app
One thing I find to be very difficult to do is to spend down my savings - even though that's the whole point! I have all the calculations etc and know that I can as I have pensions that cover the very basics (provided they keep being paid) and don't want to die rich. It's still very difficult to see myself getting 'poorer'. I think I have a well ingrained scarcity mindset that is hard to shift.
Same for me! I'm trying to shift my mindset away from saving and into spending. Even today I felt bad buying 2 beers instead of 1 and thinking that I should not be overspending! I'm hoping that (as I'm just a few months into retirement) this feeling goes away when I feel confident I can live an OK lifestyle for the next 20+ years
I bought a condo in florida in a 55+ community with amazing facility for 100k that is also rentable. My holding cost is 700 month and summer I rent out for 6 months and travelled abroad through airbnb for 6 months, sometimes I booked 6months in Europe paying cheaper rental than airbnb. Look into it,Godbless
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
that her
Snap, I've gone back to work since initially retiring two years ago and currently saving/ investing over 70% of my new income which is also generating more income which I'm reinvesting as even with more lavish spending 3x Holidays and two replacement cars last year but I'm not talking his and hers Rolex's) and no mortgage / inflationary costs I've still got more ready cash than ever before. I want to get to a situation where my passive cash income plus my workplace pension gives me serious regular wealth as the State pension is still 15 years away but I also want to enjoy my financial freedom whilst still fit.
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Colleen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I just retired at 55.... I'd already downshifted from 36 to 25 hrs a week, and realised by taking some pensions early the difference in money was negligible, but now I have all my time to myself, road cycling almost every day. First task is to do all the jobs I never had time for around the house. The mortgage is gone and as a qualified stonemason I can do pretty much every bit of work to our house and all trades, plus car and bike mechanics. I want to get in some bike touring while I'm still young(!) and fit enough, and more importantly not fearful of doing things (yet - that seems to get so many as they age).... Watched a lot of videos on the stoics and I'd already realised that as you get older, time and good health are your most valuable things.... A simple life for me- biking, hiking, swimming in the loch here in the Scottish Highlands, when it's not frozen...and waking up naturally not to some howling alarm.... I have no vices so making the money work will be easier for sure, utilities and food are all I need and in the last 10 years I stockpiled many tools and valuable "preps" ..... It's taking a while to stop seeing myself as an "employee" of anyone!!
Henry David Thoreau's "Walden" is the life I have ahead of me lol...I've been having a (work tainted/corrupted) version of it for 15 years!
Sounds perfect, enjoy 👍
You are a highly skilled and well prepared retiree! Congratulations. I pretty much always enjoyed working so kept doing full time until 68 or so. Am happy with my life now, at 72. But reading all the comments here is inspiring. I do have the means to choose from many options, and my health pretty darn good too. I don't have vices either. Best Wishes
Subscribed.
Something you said about turning off the financial tap from your employer. I've done it and went self employed at the age of 50. That was seven years ago and I've not regretted one day of it.
For me, a salary is a drug they give you to make you forget your dreams.
Absolutely! I went self employed nearly two years ago and haven’t looked back. I’ve yet to spend any real time travelling or long sabbaticals away from home, but cutting off the “employed” contract and salary has given me more freedom to do so
@@j..w443 I'm really pleased for you. It a massive step to be brave enough to walk away from a regular salary. But thankfully the rewards for us have seemingly been equally massive, and in my case, quite life changing. I'd encourage anyone if they have a plan and a bigger dream to walk the road we've trodden for themselves .
Wow… a salary, a drug to make you forget your dreams, what a statement!
@@devonbrennan6125 Thank you. Do you agree with it?
December 31, I just turned off the cash infusions and retired. We leave for a 2 month stay on the Mediterranean in about 15 days. You two have been a good source of information for us. thank you for sharing your lives to date and for your planned future video's. They help me sleep better at night knowing I am not crazy for some of my fears. But we are moving forward despite them and so excited about our future Best you you both!
Thats fantastic news Henry! Our huge congratulations!!!! 🎉
Thank you for your ever there support. It means a lot to us.
Congratulations on your Retirement I retired 20 years ago. Loving it February 2004❤❤ I retired at 53 years. Love to travel. I have been to 45 countries
Excellent, that's fantastic to hear!
I love that sweatshirt/hoodie - where did you get it? @2GoRoam
We did the same routine. Sold everything. House. Boat. Cars. Belongings. And let go of an 18 year business and all the lovely tax breaks and paydays that come with it, to retire to Latin America.
3 months in my husband had a catastrophic motorcycle accident that left him near death. On an operating table with 4 surgeons and a 6 hour operation that entailed 9 titanium plates.
All the while, I, his wife was struggling to get money wired to the private hospital he was at for the surgery. $22,000 U.S.
There was a couple of weeks there that we thought we had really, really screwed up and should have stayed in our former relatively uneventful life.
But. Time moves on. We’re now mentally recovering.
My husband physically recovering, and we know our choices were the best for us.
We’re really enjoying life, and not just swimming as fast as we can to keep our heads above water, the way we were in the U.S.
Great to see a video from you guys. They’re always so well done.
That’s such an amazing story!!! 💜🙏🏻
From Australia here. My husband and I always dreamt of owning a home in Europe so we could go there for several months a year, and also use it for a base to travel all over Europe and other countries. We did so 12 years ago and haven't looked back. We didn't have any money, but we managed to put together a deposit, borrowed money in France and everything fell into place. It has been difficult because we could only afford a small older house which had to be renovated. The journey has had its difficult times but it's been the best time. Enjoy watching your blog's and your journey.
Nice story, but would you not have been better of renting in Europe? Or do you stay there for months at a time.😊
@paulk1322 we stay 4 or more months every year. Did maths cheaper to have our own place. We also have a car garaged there. Convenient and easy. Our own bed properly equipped kitchen etc
I’m looking at doing the same. I moved to Australia from the UK in 2003. After spending time in Victory we ended up in Queensland and brought an apartment on the east coast in2016. We still kept an apartment in the UK which we rented out and eventually paid off the mortgage. We needed to borrow in Australia when buying the apartment. In 2021 we had to move back to the UK for family reasons. We currently holiday let the apartment out in Australia and live in the one in the UK. We plan to spend five months a year in Australia and seven in the UK and Europe. We both turn 59 this year and trying to get our heads around making this work.
@@jostock564do you rent it out the months you are traveling the world?
Been retired for 18 months. We cannot travel due to on going health issues with my father in law. We have had to cancel two trips planned due to his health deteriorating and having to go to hospital. It's something I never factored in and I probably wouldn't have retired early if I knew this. This problem effects many people where parents live a lot longer.
Started our journey in May 2023, mexico for three months, Fiji for two months, home for the holidays, now in south Pacific for the next two months, new Zealand next and then Australia....
Decided to just do it.....
51 years old. I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% and I do all the investing on my own. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year. Pedal to the floor! Thanks for the video. Great content.
I saw on another UA-camr's video that retirement is moving from being a saver to being a spender. He stressed that most people feel anxious about making that change, and that many keep putting it off for this reason alone.
first time to see your video - loved it. I'm 55 and starting to think about the next phase of life: retirement. I'll be watching all your videos from now on! thanks
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $250k per year but nothing to show for it yet.
@@beautifulpeopleonearth that's great! retired in my 40s after inheriting money from a childless relative. I was making 6 figures at work but it was just a treadmill, traveled overseas and found a girl almost my age, happily married and only issue is how to grow or preserve our wealth... think your advisor can be of help?
that's great! retired in my 40s after inheriting money from a childless relative. I was making 6 figures at work but it was just a treadmill, traveled overseas and found a girl almost my age, happily married and only issue is how to grow or preserve our wealth... think your advisor can be of help?
very much appreciate this.. was able to look up Katherine by her full name and at once found her consulting page, she seems impeccable !
Oh please....
Thank you for this. I just found you. My husband retired at 65 fourteen months ago. I have tentatively set June 2024 for my retirement. It should be easy to walk away but it’s probably the hardest thing I’ve done/am doing in my life.
It’s brilliant 🤩 I retired 6 years ago and never been happier- busy- I play Saxophone now I volunteer in a Toy museum I’m a local tour guide…. Plus we travel a lot.
I hope you have retired now . And am sure you will love it. We retired 12 years ago and really enjoy it .
Just wanted to let you 2 know that after watching your videos 3 years ago, you were the guys who gave us the "push" and "shove" and inspiration we needed to retire early and travel the world.
This is our 2nd year of travel and we haven't looked back. We are so glad we took the leap of faith. Thank you SO much for putting these videos out.
For anyone thinking of doing this. We say "just do it".
You have to be a little bit crazy to survive in this crazy world so why not? I've lived my life in the present and not worrying about the future. My daughter and I traveled and lived in many different places all over the world. I lost her two years ago and I will be eternally grateful for those memories we made. I never thought my daughter would leave this earthly realm before me. She was only 30. years old but we did a LOT in those years and I'll never have any regrets.
Retired at 50 loved every day of this. Retire when you can for as long as you can. I have followed you for a long time now, your plans eb and flow which is the best for you. Best wishes for your future. Travel opened my eyes and changed my perspective on life. I'm living my dream and love it.
No one understands you better than your own generation. Parents and children’s values/dreams are totally different. Cheers. Listened to you when you left. Great work
Cleveland OH
Thanks for your video.
Like many I have been worried about retiring.
I started working a real job (paying income taxes) at age 15 and now at 67 it is hard to even think about not having a pay check.
Being an engineer and a planner we have everything set.
No debts, 2 new good used cars, fixed up the house and have a nice retirement savings.
I even set myself up with a side hustle teaching people how to dock their boats and teaching the USCG Captains class.
But I still had a fear of retiring.
Well about 6 months ago I finally decided to retire in June 2024 (in 106 days but who is counting).
What pushed me over was the number of people in my life who started dying.
So I blackmailed myself by telling everyone I was retiring so I could not back out.
It was like a weight was lifted and I can't wait.
My plans for retirement are
1. Work part time with my side hustle.
2. Do some week long sailing trips on my sailboat.
3. Take some art classes with my wife.
Things like stain glass and pottery.
4. Road trips with no specific end date.
Just stop traveling when we feel like it not because we have to get back to a job.
5. Having fun with the younger kids in out extended family.
Amazing video but I will say retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. This is how it should be and I really want that have that comfortable life . Any advice on what to do ?
Thank you for sharing! What I picked up: #1 Get on with your passion. (Don't blame minor health issues for not travelling etc..). #1B - be more specific about your passion. #2 Health is the most critical wealth. (...and it (health) does depreciate over time) #3 Retirement cash - is not about a spreadsheet. In our case we do not budget. We just know that we have 3x more in retirement (from investments) than from our monthly administrator paycheck. #4 Most important in retirement is your relationship with your spouse/partner. thank you.
Nice! Thanks Yang!
I retired in August 2022 and had no idea what I was doing. I relocated back to the UK and bought a house that needed massive renovations… I’m almost done e now and next week I’m off on holiday - because I can! I have friends all over the world and part of my retirement plan was to allow me to visit everyone whenever I wanted, and this feels like I’m finally starting my plan. It’s tough “spending” money, but I know it’s the right thing to do.
Love watching your journey and thank you for helping me with mine!
Happy 2024!
You two are so delightful! Thank you for your candor in sharing the high, lows and practicalities of retirement. All best wishes for enduring health and happiness wherever you may land.
Just coming into my last year-then retired! I love watching you two
Whenever I tell people what we’re planning (full-time RVing North America) starting in April so many say “that is literally my dream!” I just retired at 66 & we’re doing this now because too often stuff happens and you can’t follow your dream. Today can be your someday if you so choose.
Hi both, I just wanted to take a moment to express my gratitude for your recent vlog on retirement. Your insights and experiences shared in that video have truly had a profound impact on the way I view retirement, and I felt compelled to reach out and share my thoughts with you.
Your candid discussions about financial planning, lifestyle choices, and personal fulfillment during retirement struck a chord with me. Your vlog not only provided valuable information but also inspired me to reconsider my own approach to retirement. The real-life examples and practical advice you offered have given me a newfound confidence to take steps towards my own retirement goals.
I appreciate the effort you put into creating content that goes beyond entertainment and serves as a source of genuine inspiration and knowledge. Your vlog has become a guiding light for me as I navigate the path towards retirement, and I can't thank you enough for that.
Keep up the fantastic work, and I look forward to more insightful content from you in the future!
Great to see you back. Love your points. They resonate with me as my wife and I sold up everything and retired to portugal. We moved one week after her last chemo treatment. She bravely arrived in portugal as a sexy bald chick. 5 years in it has been an amazing adventure
Sexy bald chick! Love that! Sounds like you are having the time of your lives and well... that is the point isn't it. Go for it Anthony!
"We will be eternally grateful to you for showing us a different life model. On September 12, 2023, a new chapter began for us, as I quit a top job, and we boarded a plane to Mexico. What we've experienced since then surpasses anything from the years prior. Moreover, our mental and physical health has immensely improved. I feel at least 10 years younger. Currently, we're enjoying Koh Samui for a month. We'd describe our lifestyle more as living in different places than mere traveling. We stay at least 2 weeks in one location, sometimes even a month. We don't check off a bucket list; instead, we try to get to know each place and its people. All we need is a scooter and affordable accommodation. P.S.: We love those 'normal' videos from channels just starting. Many channels become so professional over time that they lose their original charm. We hope all your wishes and dreams come true as you deserve."
Ive been disorganised and bad with money all my life. However I am determined to get retirement 'right'. I don't want to work till I'm 70 in a job I hate or live a miserable poor retirement or retire old only to die! Good on you guys, what you did is very inspirational. Thank you for sharing.
I have a house by the coast of UK and would like to rent fully furnished for 6 months in winter, don't need a car as everything is within walking distance. I would like to spend 6 months in Australia and NZ. Lived in the states for past 28 years and sold condo in florida. 2 Go Roam, that is what have been doing since 2015, I am glad did it when cost was lower.
Loved this. We sold our house and all of our stuff in 2019 and travel full time. Best decision of our life. Thanks for sharing your story.
Welcome back - I was starting to think you had been kidnapped! We have decided to go a bit cruise crazy this year. Singapore/Thailand/Vietnam and HK in March. Then Seattle to Miami via Panama Canal in October, backed up with a sneaky 6 nighter around the Caribbean. YOLO!!
Hello, I just came across your channel and I’m so glad. My husband and I have just retired and we are a little bit lost.
I’m hoping to watch more of your tutorials and learn something new. Thank you for sharing your experience and knowledge with us.
I’ve been lucky enough to travel to places I had always wanted to visit. Travelling forever doesn’t fill me with that much joy, just done the paraglide in Turkey, last tick in my to do list. I have 6 grandsons, the loves of our life, we also brought a campervan and get away most weekends. I work full time as a Nurse and love my position and colleagues. Life is good, I know my husband agrees travelling all the time is not for us. Glad your happy travelling , I do think you should talk about the down sides of traveller lifestyle, we have friends that did it for 5 years one became very ill, unfortunately he died and his wife has limited funds now😵💫
My parents sold their home and became full time RV's. They traveled for about 10 years and then my mom wanted to have a home base to see grandchildren and do things with them. Because they retired 10 years prior, they could only afford a mobile home. They still went RVing occasionally but my mom always wanted a brick home like they had before. I want to travel but I have too much of a fear of selling what little property that I have. I want something to come home too if I get tired of it.
One of the best retirement videos I have seen yet. Well done!
You guys are such great story-tellers. I really appreciate your transparency and wisdom. I'm about 3 months away from taking the early retirement leap. Winter holidays in a van in the States and the rest of the year in Ecuador is our hope starting next year. Thanks for being such an inspiration!
Our pleasure, thank you so much for the comment on how we tell a story. That is an area where we always try to improve.
Sounds like you have a stunning plan! One to be totally excited for, we are excited for you. Go live your dream!
We are in Ecuador right now and it is lovely! Feels safe despite some commotion with the issues of gang, but people are honest, friendly and scenery is amazing!
You may want a plan B destination other than Ecuador because the cartels have declared war on the govt of Ecuador. While some parts may be unaffected now, it will only get worse.
i'm from the one of the areas where the "winter visitors", "snowbirds", "vanlife", "nomads" sojourn during the winter... it can be a great lifestyle but some of the different cultures can be aggressive and there are "issues" at the border... one must be prepared for personal safety in the immediate area of the border (not so much for violence but for theft of property and such)... many visitors/people travel in groups (they call it "tribes" (in a fun way)) and this habit tends to increase the adventure and fun of traveling...
We’ve been thinking about Ecuador ourselves.
I finished work aged 55 and took my small civil service pension. Renting out my house in the UK which has worked out well for last 8 years. Solo travel is becoming more expensive now and my budget is being tested. Although I have Greek residency , my plan is to keep travelling until I receive State Pension (2 more years) , then sell house in Somerset and buy something small in Cornwall and Devon . I intend to travel for 3 months (or longer depending on the countries) then back to UK to do something useful ie; voluntary work and plan my next trip/s.
Don't retire to Cornwall, too many people here in the summer. Scotland is the place to go :-)
Thank you Neil and Sarah. I have followed your channel from the beginning. My husband and I are retired nomads and although we do not spend our whole time overseas, we spend about 9 months overseas and 3 back in the states. This helps us facilitate family visits, admin stuff (taxes, banks, etc), and doctor and dentist visits. I so enjoy seeing your travels because many of the places you have been, we have not so it gives us ideas to help us plan our travels. It seemed like you felt defeated when you purchased your RV but for me, it meant you would continue to travel even if it was only in the UK for now and as you grew in your confidence, you would branch out. That is how we make it better and better in travel, we experience, learn, and go further. So, congratulations on your new newsletter (yes I have subscribed there also), and continue to seek out lifes adventures knowing your are finally able to do some of the fun things in life and yes, others live vicariously through your travels. Cheers.
I learned I have all day to shop on line to buy stuff I don't need.
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
Could you possibly recommend a CFA you've consulted with?
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Rebecca Nassar Dunne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I retired 10 days ago just shy of 60. I start my full time travel in 35 days
Fantastic! Great news Scott! Where are you heading first?
I retired in June and am so happy at 58. I have a DB pension, no debts and a paid off home. My investments are down but I feel fairly secure. My heart has problems.My financial planner did all the numbers...more than I expected.
DB pensions are amazing, congratulations on setting yourself up for early retirement. Have a great 2024!
Remember to make it easier and affordable down the road, good health is important👍🤙
Thank you for sharing these honest reflections and lessons from your early retirement journey. It’s inspiring to see how you’ve navigated challenges and evolved, and I appreciate the focus on helping others plan their retirements.
Take yout liquid assets, savings, stock holdings, premium bonds, IDA'S and DB pension etc. Divide this by 25. If the number is greater than your average monthly outgoings then you are good to go.
Thank you Sarah and Neil. Seeing another video of yours made me smile. Have a great day.
Great video and great advice for anyone who wants to retire early and make a big change-could be travel or going back to school or starting a business or writing a book or …
Exactly! That is the thing, do what suits. We would be sad to think people watch what we do and think 'We should want to do that...', no... you should want to do what makes you happy and probably challenges you too.
Thanks for your support as ever!
Great video folks. While I'm subscribed, I haven't watched too many of your videos (darned YT algorithm), this one resonated with me. Although I'm not yet retired, I can always learn something new about retirement! This video definitely hammered home those facts. Great job!
I ABSOLUTELY love you guys! So real! So authentic. And so relatable! Love your channel and your travel style!
Thank you so much!!
We plan to slow travel but for now the plan is to come back to our home for part of the year. I am curious about how you’ve managed finding doctors and hospitals while traveling. We plan to get a good travel insurance plan, especially since we’re Americans, but we worry about something happening to one of us, or both, while traveling and not knowing what to do next. Actually I’ve had an emergency hospital visit while on business travel many years ago. I was pleasantly surprised at the medical care received. Luckily was. A hotel so they had a staff member basically hold my me throughout the entire experience. He even held my wedding ring for me until I was able to wear it again. What an angel.
Good vibe on this, you both look happy (which is actually priceless)
Thank you for the video Neil and Sarah I retired at 55 in 2019 my wife 2020.She was diagnosed with cancer in 2015 and 2017 .touch wood everything OK now we rent our house out but will sell it in 2026 .we sold our villa in Costa Almería in 2022 in favour of travelling more we live in a static home in Bewdley 6 months a year and go out of the UK 🇬🇧 the rest. In Side Turkey 🇹🇷 at moment
I don't know why I am STILL thinking about this video!! Maybe it's the apprehension that we are going through of selling our "home" to transition into uncertainty as we reestablish ourselves overseas. But one thing I thought about this morning, was the psychology of money and retirement..... that even when we run the maths, test the waters, prepare ourselves for every possible scenario we can think of, there is STILL this niggle of uncertainty.... but at the end of the day, we have to trust in ourselves. Just like jumping out of the plane and trusting in the parachute, we have to have faith in your own resilience to overcome life events.
Thank you Neil and Sarah, my dream is still and has always been world travel. I’m not entirely sure how I’m going to achieve my dream as my husband cannot bear the thought of being away from home for more than a month and I don’t like being away from my husband for long periods of time. He likes cruising and I like slow travelling so a world cruise is currently on my radar 🤞🏻
Sounds like 6+/- months a year you two could be traveling the world interspersed with a few weeks to a month of time at home base for visits with friends and family along with home / family / personal health and financial maintenance. Currently this sounds nice to my husband and I.
My plan is to live off the state pension, well like most others have no other choice.
I agree. Most people here are loaded and have more money than they actually need.
You guys look ten years younger now than in your 3 years ago video! So energised and full of life. Its inspiring to see how much you clearly love and respect each other. Power couple.
First of all never live in a two story home where the stairs are just waiting to bite you in the butt.
They are my cardio.
There's no one to tell me I'm crazy, but it's fine because I ask myself if I've lost my mind at least 5 times a day 🤣 Traveling alone ...to places I've never been... with a senior cat and way too much luggage...and still working remotely!! So my answer to myself is "YES. 100%" 🤣 On the other hand, I sit here typing from my Airbnb in a lovely village in the South of France. I think I'll drive over to St Tropez tomorrow 😎 Looking forward to what you have in store this year. Safe travels and hope to see you soon!
Subscribed. We retired almost 2 years ago in July 2022 when we were 55 and 60. We sailed the Caribbean in a sailboat that we purchased for 7 months, been to Costa Rica, Switzerland, Germany, Spain, Rock of Gibraltar, Morocco, England (where I am originally from) and the United States. We live in Canada and we are having the time of our lives. I will watch some more of your videos. Cheers.
Though this was not retirement, I was put on furlough during Covid at 61. I got so healthy during it. Lost lots of weight, went for long walks (because there was now time) and ate better. Realised what my desk job was doing to me. Now I need to wait till I'm 66 to enjoy the same much better lifestyle.
Retirement planning is tricky, but figuring out where to pull funds first made a big difference for me. I strategically reinvested my RMD, and despite doing very little trading myself, I’ve been able to build a stable weekly income of around $25k. It’s amazing how a well-thought-out plan can ease financial pressure later in life.
Just found your channel! Will go against the grain, love my self employed work & hope to carry on health permitting well into retirement. In-between though, many adventures to come at the current age 55.
Sarah looks younger on every video. Just shows how good it is to live stress free.
I'm going to start calling myself "CFO of finances" (of my own finances). Thank you for such a realistic peer into the world of retirement.
dont wait till you are too old.regrets are shit
Thanks for sharing these insights! Retirement isn't always a smooth ride, but facing uncomfortable truths helps us navigate better.
I am a firm believer you spend what you make. I have worked full time 45 years. I will be 62 and I am hoping to get out of the rat race in 6 months. If not then I will be out by 63. I am close to qualifying for a 3rd pension so I am on the fence. Plus I have an easy job that pays well. I wanted to travel but the world is shit so not sure I still want to do it as much. Have lots of hobbies and things to keep me busy.
You have a great life and attitude
Good honest video. I appreciate how you stress that everone must do what is right for them and to go for it. My husband and I have been looking into slow world travel for a while now. For the past few years we have been traveling off and on for about 4 to 5 weeks at a time. By having honest and frank discussions with each other , we both realized that we enjoy coming back to our home base . So we decided that doing a number of frequent trips throughout the year and coming home each time is something that makes us happy. You always stress the importance of honest communication with your partner and I totally agree.
That is really good to hear. We fear that people can start to feel competitive to an extent... there is a thing at the moment where people share the amount of countries they have visited as a flex. We want all our viewers to just be them, do what they want to do and most importantly, live a life they love. You have got this!
Thank you both for enspiring message - we are transitioning into it (we’re 61 and 51) and got travel plans booked through to 2026 (travelling the world for blocks of 3 to 4 months)
Thank you Neil & Sarah, always enjoy and benefit from your honesty and insights! Retirement is a big step (feels like that anyway), so you sharing your experiences and learnings is very reassuring!
Our pleasure! Appreciate your kind comment.
Life is often a struggle to balance money with the value of your time. As you get older you will certainly value your time over money as you realize no matter how much money you have ….. you only have a finite amount of time. I recommend you retire (or maybe transition to part time work) at the youngest age possible and be prepared to downsize and simply your life (and expenses) as needed to keep things in balance. Carry on
I paid my mortgage off and I then retired in my late 54.
It's the best thing I have ever done.
Every day is a new adventure and the days aren't long enough to fit it all in.
Great Story, Great Dream, Great people. Well prepared life plan, you take full responsibility of your actions and life. Truly inspiring and enjoyable. Take care
We retired aged 60 we’re about to get our state pension 6 years later. Our cost of living has significantly increased over the 6 years…. we both have occupational pensions and SIPs but the SP can’t arrive too soon!
The state pension is something we're looking forward to one day too. Hope that helps fill the gap for you.
Just came across your video yep just go for it. We are now 74 and 82 and have been doing this for over twenty years. Yes we have slowed down and do not hike and walk as much. We now cruise travel by train but still walk most days. At the moment we are spending the winter in South Africa where we have lived for over forty years, we cannot take the cold and wet Scottish winters.
My dream is (and has always been) to retire happily. Two weeks ago, I was suddenly released from my job, and the past two weeks have been the busiest in my career. I thought we had it all figured out, soon I am going to be 63 years young, who needs an old boomer? We had done two table-top scenarios as I was running around with the plan to minimize my duties, we even looked at fully retire with government assistance. Unfortunately, to be able to use some government assistance, until I am 65, they expect me to keep applying for jobs. We have simple goals, two weeks of vacation in the cottage we have been renting for 5 years and see our grandchildren grow up. I have some clubs I like to get involved in, and maybe I decide on signing up for some computer teaching gigs. I might pick up some remote jobs part-time, and I am going to finish my two books I have been working on off and on over the past four years.
Well done for admitting you are mugs, I love watching people like you as it shows me how not to prepare for retirement, keep on putting out more videos of your failures for us to learn from.
You seem very happy together, some may find it boring with the same partner, but you look fine. 🥰
I Retired 10 years ago , all good . My sister just retired and she has just , not received her pay , and she is emotional about it .
Me at the same stage didn't really even Notice it . I new i had Moneys there to use as Needed !
I might be Strange !
Haha Jimmy, sure you aren't strange. You likely had a watertight plan and put the work it. Great to do that, well done.
All the best!
Great words of wisdom there guys and fun to see you reminiscing over your first video.
Glad you enjoyed it! We have to be honest... we couldn't actually sit all the way through the first video, too cringeworthy!
You two are just adorable. Great advice I live in the States and honestly think I will work until I die. I, luckily , started traveling 2o years ago before it was fashionable and I continue to go to a different country every year. Cheers!
We retire in 4 months. We have reasonably good superannuation but a mortgage on the house. We have decided to rent it out and based on recent growth believe our cost of two years of travel (the loose plan so far) will be recouped by the rise in house values. On return we plan to significantly downsize.
Remember you need permission from your mortgage lender, they might make you change to a BTL mortgage. Good luck with you travel plans .
@@LesleyWhitefield-rm1uo your correct and we have budgeted for the change, thanks
I also retired three years ago without any plan about what to do but I knew it was the right decision because of an injury I was in so much pain every day going to work, the opportunity to take early retirement presented itself and I took it, I’m in less pain as I can pace myself as I need to , spend time with my grandchildren go on holidays with my wife started a UA-cam channel about car with my son, take grandchildren to the football to watch our favourite team, it’s great, enjoy your travels I’ll be watching more of your videos, thanks
I retired in 2021 age 62 I have no passport it run out no desire to travel abroad I enjoy my time with my wife and fishing motorcycling riding my cycle I do wot I want when I want no mortgage finished that ten years ago and I don't miss getting up to go to work been living of our savings since 2021 and get my state pension in November of this year happy days