I decided to retire at 55 on a very modest income that most people would consider not enough. I had to do it because I couldn't stand the alternative. That was 5 years ago and everything's OK. I get my state pension at 67. I could have done with planning ahead when I was younger but I didnt and that's that. Well done for getting it right.
This is brilliant information. If only schools had people to speak about this kind of thing to pupils in their last few years. Many people are unaware of the options (or too afraid to do things differently to how most other people do) You have done a great job and it’s wonderful to hear about exactly how you succeeded, including how much discipline it takes
You are absolutely right. I am a Financial Adviser in the UK, and I am Greek, and I am glad that you enjoy Greece. It is important to use independent financial advice. You have converted the defined benefit to a defined contribution pension. From April 2027, the pension will be part of the Estate. Many people take unnecessary risks without understanding what they are doing.
Rules change. with my old one, there was zero to leave, and my wife would only receive 50% on my death. it is swings and roundabouts I think, but agree, need advice.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert Williams Owen.
Retiring to Greece is a cunning plan - no heating costs in winter. For those of us who haven't had a high flying corporate career, I'd recommend buying at least a hectare of land, plant an orchard and start a market garden, then you can at least be self sufficient in food, sell your surplus for extra income, plus it will keep you fit.
@@GreeceExplored I've known a few rich kids who got the family family farm, they're the most miserable, cynical people I ever met. Also, these inheritances invariably tore the family apart. You're better off born smart and creative.
Greece is one of my preferred options for early retirement. Any good tax accountants to recommend before moving in Greece ? From what I read UCITS ETFs capital gains are not taxed in Greece, is it correct ?
48 is frankly ridiculously early to retire. I am approaching 58 and considering paying off the mortgage and entering retirement in 2025 with a £900k SIPP portfolio after saving hard for 30 years as an IT consultant and living beneath my means. This will enable me to live modestly but decently. At 48 I still had a big mortgage to pay!! You seem like some kid of City whizz kid, a trader of some kind. In that position you could certainly have retired very early indeed, but it's not an option for 99% of the public.
I was in manufacturing- 1 grown up kid and the wife and I wanted to have options, that was it. Do stuff while we are healthy enough to, focus can be powerful when it comes to paying down mortgages etc.
Depends who you work for too, good international schools pay very well and cover costs, I have many international teacher friends who have done quite well out of it- Nord Anglia mainly
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Basically these guys have no kids so it’s not that impressive when you consider having a single child costs you around £200k during their life till 18 and they most likely wont be financially independent at that point anyway. 2 kids £400k and so on. Those are very conservative estimates. Pretty much anyone without kids can do early retirement as they should be able to save a ton of money over a 25 year career especially if married and both working
I decided to retire at 55 on a very modest income that most people would consider not enough. I had to do it because I couldn't stand the alternative. That was 5 years ago and everything's OK. I get my state pension at 67. I could have done with planning ahead when I was younger but I didnt and that's that. Well done for getting it right.
Thanks, some people enjoy working and I have no issue with that, for me, I didn't want to sell my time for longer than I had to.
Interesting story and great advice.
Fair play and enjoy the rewards of your gard work.
Thanks, we just wanted to have options and weee lucky!
This is brilliant information. If only schools had people to speak about this kind of thing to pupils in their last few years. Many people are unaware of the options (or too afraid to do things differently to how most other people do) You have done a great job and it’s wonderful to hear about exactly how you succeeded, including how much discipline it takes
I am not sure my information is great, other than plan early, but I do agree, schools should teach some financial planning as standard.
Excellent Video Andrew, keep them coming 👌👌👌
Thank you, I did see your other reply, things never go as smoothly as you hope!!
You are absolutely right. I am a Financial Adviser in the UK, and I am Greek, and I am glad that you enjoy Greece. It is important to use independent financial advice. You have converted the defined benefit to a defined contribution pension. From April 2027, the pension will be part of the Estate. Many people take unnecessary risks without understanding what they are doing.
Rules change. with my old one, there was zero to leave, and my wife would only receive 50% on my death. it is swings and roundabouts I think, but agree, need advice.
Spot on Andrew!
Thanks Frank!!
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert Williams Owen.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Robert demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Good information, thanks for sharing
Thank you, glad if it was useful
Retiring to Greece is a cunning plan - no heating costs in winter. For those of us who haven't had a high flying corporate career, I'd recommend buying at least a hectare of land, plant an orchard and start a market garden, then you can at least be self sufficient in food, sell your surplus for extra income, plus it will keep you fit.
Lots of options if you are willing to put in the work, you rarely get something for nothing,
@@GreeceExplored I've known a few rich kids who got the family family farm, they're the most miserable, cynical people I ever met. Also, these inheritances invariably tore the family apart. You're better off born smart and creative.
Well done. Its a great choice.
Thank you for the comment!
Im 29 and earning good money... yes i could save alot in tax and invest in pension but i dont want to wait until im 60 old.
You have to plan, then at least you have options.
Glad you enjoy Greece
I do!
I can't imagine working for 40+ years to hopefully live off of a pension. Sadly, that's most people's "solution".
It is what the ‘system’ is designed to require us to do, unless we can step outside of it.
@@GreeceExplored yeah, exactly.
Greece is one of my preferred options for early retirement. Any good tax accountants to recommend before moving in Greece ? From what I read UCITS ETFs capital gains are not taxed in Greece, is it correct ?
I couldn't tell you I am afraid
48 is frankly ridiculously early to retire. I am approaching 58 and considering paying off the mortgage and entering retirement in 2025 with a £900k SIPP portfolio after saving hard for 30 years as an IT consultant and living beneath my means. This will enable me to live modestly but decently. At 48 I still had a big mortgage to pay!! You seem like some kid of City whizz kid, a trader of some kind. In that position you could certainly have retired very early indeed, but it's not an option for 99% of the public.
I was in manufacturing- 1 grown up kid and the wife and I wanted to have options, that was it. Do stuff while we are healthy enough to, focus can be powerful when it comes to paying down mortgages etc.
You had some opportunities and managed well. Great job ! But have you taken into consideration retiring somewhere else, like Thailand or Indonesia ?
Many times, we may do Thailand and see how it feels, we would do Vietnam, we lived there for 10 years, but there are no visa options unfortunately.
@@GreeceExploredyou've picked one of the best places, Greece. Been to SE Asia and it's a no for me.
most important question.. how much did you have invested when you quit
What’s right is going to vary by person and expectation
If you not bs us- you look pretty good
No BS
Single. Teacher salary. Impossible.
Depends where you teach
Depends who you work for too, good international schools pay very well and cover costs, I have many international teacher friends who have done quite well out of it- Nord Anglia mainly
🙏
Glad you enjoyed
@GreeceExplored wish I knew things when I was your age 😊😢
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
I couldn't tell you I am afraid.
Basically these guys have no kids so it’s not that impressive when you consider having a single child costs you around £200k during their life till 18 and they most likely wont be financially independent at that point anyway. 2 kids £400k and so on. Those are very conservative estimates. Pretty much anyone without kids can do early retirement as they should be able to save a ton of money over a 25 year career especially if married and both working
We have a grown up child.