Back when we were working full time, travel was a luxury. Now it's become a way for us to keep our costs surprisingly low in early retirement -- much lower than when we were working full time. When you think ahead to your own retirement, do you think that your costs will be more or less than what you spend now? Let us know down below!
That $4 breakfast in Istanbul makes me swoon! We have former students from Turkey, and the food in their restaurant is just WOW. We look forward to visiting when we have the time. And I actually don't think your grocery budget is that bad! We spend a similar amount of money here in the states; our town experienced an oil boom a little while back, and prices never returned to normal.
We really miss those Turkish breakfasts! It's great to hear that we're not the only ones with a high grocery bill...we were beginning to wonder if we eat double the amount of food of most people! 😊
We just love it! It's hard to believe that we used to cram all our travel experiences into a one week vacation. Now a month in a destination feels too short! 😊
@@OurFreedomYears ssst don't say that. Thats still our normal :p. Our road to financial freedom will probably still take us 9 years. Watching you guys is the best motivation tho.
Hi! I just wanted to shared with you that that I started my digital nomad life with my 2 dogs. I’m so happy! your videos encouraged me to take the decision of jumping to the pool! Thanks a lot!
Hi Mariana - Thanks so much for sharing...it's great to hear! There's really nothing better than life on the road with your best friend. Or two best friends, in both our cases! 😊
Thank you so much for sharing, my wife and I have been watching all your videos and are working toward the goal of full time “slow travel” first time we heard of that concept and we are working toward the goal. Again thank you!
Hi Mark - It's so motivating to hear that our videos are helpful -- thanks so much! Good luck with your slow travel planning...keep us posted on your progress! 😊
Yes! We have had an almost identical experience. The only thing we spend more on now as full-time travelers is groceries. We are spending less on everything else. Great video!
Great to hear that we are not alone with our grocery spend! Unfortunately there is just no room in our luggage for the type of bulk items we used to buy when we were stationary. 😊
Excellent video. It’s so refreshing seeing people on the other side of what I’m doing haha! I can’t wait to be where you are, good for you :) I just subbed to your channel, I look forward to seeing more content.
the dream! I think our cost will be lower in retirement! thank you for sharing! as always love your vids! liked and commented for the youtube algorithim, lets get you to 2k!
Thanks so much...we really appreciate your support! I'm sure your costs will be lower in retirement...you're doing such a great job managing your finances on your channel!
I bet my expenses will be more, because right now I'm watching my spending quite a bit, while in "retirement" I'll want to enjoy myself more, explore, and try new things. Sometimes you can find things that are cheap or free, but not always. Still, YOLO! It may also depend on the lifestyle of my travel buddy (I hope I'll have one!)
It's so important to plan for the retirement lifestyle that suits you...including indulging here and there! 😊 We definitely like to splurge every so often...especially after so many years of being frugal on our way to financial independence.
We haven't done an episode on it exactly but we did talk a little more about it in this video about budgeting for a year of travel: bit.ly/2yQE6uE There's a link to our provider Flexiroam in the description. We also have SIM cards from Go Sim, which gives us Estonian phone numbers and free incoming calls and texts. A dual SIM card phone is needed for this hack to work.
Living in Mexico, I spend significantly less on groceries than I did in the USA. I just need to avoid imported items. So true about oatmeal, ha ha ha. It just forces me to try new, local foods. Warm wishes!
Yes, so important to avoid those pricey imports and try something local instead! 😊 I'm sure you get much better value for your grocery spend in Mexico...all that great produce!
I'm anticipating our cost of living will be low when we retire. I think it will be a conscious effort as we know we don't have any income coming in anymore.
I'm sure you'll find that your cost of living is lower. We found that we saved a lot of money by simply not having jobs anymore and not having to commute or dress up or all the other things we used to spend money on! 😊
I anticipate my cost of living will drop substantially. Some obvious ways are 1. No more commuting. When I’m In Australia I drive to work. That 30-45 mins each way. Apart from petrol itself that added to running costs of the car and wear and tear. My house is walking distance to local shops and a bus terminal so I’d anticipate using that more. Yes I could use the bus now but to where I work it’s more like an hour and a half each way. 2. Cooking and food itself. With more time my meals can be more planned, healthier and yet still cheaper. Plus I will have the opportunity to grow more of my own food so again healthier and yet cheaper. Again I could do that now but long hours at work make home cooking difficult and limited free time also make time in the garden time I don’t always have. 3. Wardrobe. I “invest” significant money on clothes just for work. Without that expectation my clothing costs would be way down. 4. Self reliance. I’m constantly frustrated at paying someone to do house or car repairs that I am entirely capable of myself.this is not just an expense it’s also something I get satisfaction from. But at the moment I just don’t have the time, or even the energy quite often, to get even basic things done myself. Anyway that’s just a few basic items. I guess each will depend on the lifestyle of the person as they retire.
Hi Seymour - These are all excellent points and you've actually led the way to part two for this video...all the ways we save money when we are no longer working! It's amazing how much it cost us to hold a job, between commuting, clothing and all sorts of lifestyle expenses. We will definitely be tackling this topic in the next few weeks...thanks! 😃
If I retire at 60 years old with 1 million dollars, is that enough money to travel extensively until I’m 75 years old? Thanks for your reply! I love your channel
Hi Johnny - Excellent question! The answer all depends on how much money you need to spend each year for a comfortable lifestyle. I would suggest taking a look at our latest video that shows how to calculate the amount: bit.ly/3s2RBOL Also, we have a free course that provides even more details: bit.ly/3eBcvy4 Hope that helps! 😊
Gutted for the timing for you guys in terms of Covid ( sure you were planning this for a very long time)....but hope it hasn't affected your travelling too much?
Thanks Omar! Fortunately we've been quite flexible and have worked around the COVID travel bans. Right now we're only booking a month or so in advance since the situation is quite fluid and countries are going into lockdown again. Hopefully the world opens up again soon.
@@OurFreedomYears I could tell from the way your come across in your videos that you would have a pragmatic plan to get around the issue ! Much love and have fun !
Back when we were working full time, travel was a luxury. Now it's become a way for us to keep our costs surprisingly low in early retirement -- much lower than when we were working full time. When you think ahead to your own retirement, do you think that your costs will be more or less than what you spend now? Let us know down below!
Your posts are extremely informative and incredibly inspiring. Thank you for sharing.
Thanks so much Richie! It's really great to hear that you're enjoying our content! 😊
That $4 breakfast in Istanbul makes me swoon! We have former students from Turkey, and the food in their restaurant is just WOW. We look forward to visiting when we have the time.
And I actually don't think your grocery budget is that bad! We spend a similar amount of money here in the states; our town experienced an oil boom a little while back, and prices never returned to normal.
We really miss those Turkish breakfasts!
It's great to hear that we're not the only ones with a high grocery bill...we were beginning to wonder if we eat double the amount of food of most people! 😊
Y’all are giving me travel fever SO BAD!!! I cannot wait until covid is done! I gotta get to Sweden!💚🥰🇸🇪
What a great destination to have on your bucket list! Don't worry...it' will still be waiting for you when the pandemic is finally over! 😊
Slow traveling is really awesome, taking the time to relax and enjoy your environments.
We just love it! It's hard to believe that we used to cram all our travel experiences into a one week vacation. Now a month in a destination feels too short! 😊
@@OurFreedomYears ssst don't say that. Thats still our normal :p. Our road to financial freedom will probably still take us 9 years. Watching you guys is the best motivation tho.
@@mavutivepersonalfinancelif5326 Thanks so much! Glad we can provide a little motivation.
I was fortunate to find you guys. This is exactly the type of lifestyle I’ve been researching for years. 👍
Welcome to the channel! It looks like you're really working your way through the archive. We're in Spain now so you can catch up with us there. 😉
Hi! I just wanted to shared with you that that I started my digital nomad life with my 2 dogs. I’m so happy! your videos encouraged me to take the decision of jumping to the pool! Thanks a lot!
Hi Mariana - Thanks so much for sharing...it's great to hear! There's really nothing better than life on the road with your best friend. Or two best friends, in both our cases! 😊
Dream life! I would love to know how you travel with your dogs - i.e. flights!
That's a great question! We actually have a video about what it's like to travel long term with a dog (or two!)... bit.ly/3e7XIdu 😊
@@OurFreedomYears Amazing, thank you :D
Thank you so much for sharing, my wife and I have been watching all your videos and are working toward the goal of full time “slow travel” first time we heard of that concept and we are working toward the goal. Again thank you!
Hi Mark - It's so motivating to hear that our videos are helpful -- thanks so much! Good luck with your slow travel planning...keep us posted on your progress! 😊
Yes! We have had an almost identical experience. The only thing we spend more on now as full-time travelers is groceries. We are spending less on everything else. Great video!
Great to hear that we are not alone with our grocery spend! Unfortunately there is just no room in our luggage for the type of bulk items we used to buy when we were stationary. 😊
True nomads...I commend you both!👏🥰🌟
Thanks! The pandemic hasn't made things easy but we're doing our best to keep up with our slow travel dream. 😊
I almost cry when I watch your videos. Its the life many wish we had. Gracious!💓
You both are awesome! I am still working towards early retirement. Once I get there I'll be slow traveling too. Keep up the great work!
Thanks so much! And good luck with your journey to early retirement. It's definitely worth the effort. 😊
What is the name of the data provider? Flexi???
Our provider is called Flexiroam. We're still very happy with this service. We usually spend just $10 USD on all our data needs each month.
Another great video. A few days ago your postcard arrived from Croatia. Thanks 🙏🏻
So great that it arrived! Hope your travels are going well! 😊
Excellent video. It’s so refreshing seeing people on the other side of what I’m doing haha! I can’t wait to be where you are, good for you :) I just subbed to your channel, I look forward to seeing more content.
Thanks so much Daniel - welcome to the channel! Lots more on the post-retirement lifestyle coming up! 😊
the dream! I think our cost will be lower in retirement! thank you for sharing! as always love your vids! liked and commented for the youtube algorithim, lets get you to 2k!
Thanks so much...we really appreciate your support! I'm sure your costs will be lower in retirement...you're doing such a great job managing your finances on your channel!
I bet my expenses will be more, because right now I'm watching my spending quite a bit, while in "retirement" I'll want to enjoy myself more, explore, and try new things. Sometimes you can find things that are cheap or free, but not always. Still, YOLO! It may also depend on the lifestyle of my travel buddy (I hope I'll have one!)
It's so important to plan for the retirement lifestyle that suits you...including indulging here and there! 😊 We definitely like to splurge every so often...especially after so many years of being frugal on our way to financial independence.
I’d like to hear more about your phone plan! Have y’all done a video on that?
We haven't done an episode on it exactly but we did talk a little more about it in this video about budgeting for a year of travel: bit.ly/2yQE6uE
There's a link to our provider Flexiroam in the description. We also have SIM cards from Go Sim, which gives us Estonian phone numbers and free incoming calls and texts. A dual SIM card phone is needed for this hack to work.
Best Stefanie and Julian, crazy women's :-) I hope everything goes good with you, keep it safe and good luck from Brussels - Belgium.
Thanks Danny! All good over here as usual...loving our time in Dubrovnik! 😊
@@OurFreedomYears I vist Dubrovnik
A Long time ago (30 years) I think. All the best.
Great video.... maybe you can smuggle the low cost Oat supply from country to country...😀
If only we had enough room in our luggage! 😜
Living in Mexico, I spend significantly less on groceries than I did in the USA. I just need to avoid imported items. So true about oatmeal, ha ha ha. It just forces me to try new, local foods. Warm wishes!
@Kam Y I'm spending the same as you.
Yes, so important to avoid those pricey imports and try something local instead! 😊 I'm sure you get much better value for your grocery spend in Mexico...all that great produce!
Hi Kam - I suspect that Moorea's $26k goes a lot further in Mexico than Canada! 😉
I'm anticipating our cost of living will be low when we retire. I think it will be a conscious effort as we know we don't have any income coming in anymore.
I'm sure you'll find that your cost of living is lower. We found that we saved a lot of money by simply not having jobs anymore and not having to commute or dress up or all the other things we used to spend money on! 😊
I anticipate my cost of living will drop substantially. Some obvious ways are
1. No more commuting. When I’m In Australia I drive to work. That 30-45 mins each way. Apart from petrol itself that added to running costs of the car and wear and tear. My house is walking distance to local shops and a bus terminal so I’d anticipate using that more. Yes I could use the bus now but to where I work it’s more like an hour and a half each way.
2. Cooking and food itself. With more time my meals can be more planned, healthier and yet still cheaper. Plus I will have the opportunity to grow more of my own food so again healthier and yet cheaper. Again I could do that now but long hours at work make home cooking difficult and limited free time also make time in the garden time I don’t always have.
3. Wardrobe. I “invest” significant money on clothes just for work. Without that expectation my clothing costs would be way down.
4. Self reliance. I’m constantly frustrated at paying someone to do house or car repairs that I am entirely capable of myself.this is not just an expense it’s also something I get satisfaction from. But at the moment I just don’t have the time, or even the energy quite often, to get even basic things done myself.
Anyway that’s just a few basic items. I guess each will depend on the lifestyle of the person as they retire.
Sorry also. This is my second super long post on your page. I’ll try to be quiet from now on.
No need to be quiet! We think these super long posts are amazing and add so much value for everyone! 😊
Hi Seymour - These are all excellent points and you've actually led the way to part two for this video...all the ways we save money when we are no longer working! It's amazing how much it cost us to hold a job, between commuting, clothing and all sorts of lifestyle expenses. We will definitely be tackling this topic in the next few weeks...thanks! 😃
@@OurFreedomYears thanks. I’ll leave you to put it much better than I have😉
If I retire at 60 years old with 1 million dollars, is that enough money to travel extensively until I’m 75 years old? Thanks for your reply! I love your channel
Hi Johnny - Excellent question! The answer all depends on how much money you need to spend each year for a comfortable lifestyle. I would suggest taking a look at our latest video that shows how to calculate the amount: bit.ly/3s2RBOL Also, we have a free course that provides even more details: bit.ly/3eBcvy4 Hope that helps! 😊
Yes!
@@mattbailey9396 😊
Gutted for the timing for you guys in terms of Covid ( sure you were planning this for a very long time)....but hope it hasn't affected your travelling too much?
Thanks Omar! Fortunately we've been quite flexible and have worked around the COVID travel bans. Right now we're only booking a month or so in advance since the situation is quite fluid and countries are going into lockdown again. Hopefully the world opens up again soon.
@@OurFreedomYears I could tell from the way your come across in your videos that you would have a pragmatic plan to get around the issue ! Much love and have fun !
@@omareliwi9605 Thanks so much! We try to roll with the punches.
This is very good info. Great to know these things. Thanks for sharing.👍New friend to your channel. Let's support each other and stay connected!👍👏
Thanks so much! Great to hear you found it helpful! 😊