We wanted to celebrate our 100th video on UA-cam with an idea we had for our retirement that has worked well for us. We are not suggesting anyone do this as we are not financial planners, we thought sharing ideas could be useful.
you give a whole lot of financial advice to people when you're not a license financial expert, you're doing a great job. I need a financial expert who can help me acquire a strong portfolio, can you help me with one?
Thank you! so Much for Sharing Where is the Area that you Live one day I want to visit Canada and Buy i want to be in Canada 6 months and in USA 6 Months 🥰 can you give the state or Area you suggested Thanks!
I've always known that apartment living is less expensive than home ownership, but somehow I just wanted to own my home. But now, I am definitely ready to transition to a smaller place. I am tired of yard work and everything else that is involved with owning. You two are so refreshing to watch.
You can do it! we found once we mentally had decided to sell and that we were going to rent it all became so exciting a plan was in place . We are loving the renting life so less stress, having laundry ensuite is also great as well as the swimming pool 🏊♀️ which Tina loves. We wish you all the best Cheers 🍺🍷🌻
Perhaps what you say is somewhat correct. But the problem occurs when the owner wants to substantially increase the rent or has decided to sell the property as is happening in Australia at the moment. And there is a huge shortage of properties. It is difficult to move house when you are in say your eighties.
Congratulations on your 45th Anniversary and your 100th UA-cam video!! Excellent content! We sold our home 13 months ago within a month of retiring, downsized about 90% of our possessions and dramatically reduced our expenses as well. We did spend about two years becoming adjusted to the idea of leaving the home that we built 19 years earlier. A year later, life is great and we are retaining a lot more of our wealth! We were planing on contacting you both this winter in Portugal as we were going to be there too. Perhaps someday we will be able to meet for coffee. Thanks for sharing!!
Hello thanks for telling us about you, we like you after a year had adjusted and the financial liability of a house had gone, we felt ready to retire. Also it enables you to review finances and have a stress free debt free life. Portugal sounds a long way away these days, we would like to be there this winter / spring, who knows. It would be great to meet up in Portugal 🇵🇹
great advice! my in laws are hitting 70s and they are building their “dream” house, which isn’t something i would do at that age. we’ve gone back and forth and we want to be able to travel and enjoy life after caring for our four children. the next chapter in our life would be to live abroad for half of the year, come back to the states for the rest to spend time with family (future grandkids). also what’s fun about living abroad is when we do have grandchildren, our hope is that they will be able to visit us and experience the country and it’s culture. that’s our goal.
This is so smart! We are close to retirement and have come to the same conclusion. Renting gives you freedom. A house is a ball and chain cost and commitment.
What a lovely couple you are! Happy Anniversary (and retirement)! I'm a new subbie and I'm enjoying the interaction. It's like we're in a room together and not where you are "talking" to the viewers.
I love this video. Love how you explain everything so clearly advantages of moving to apt and how to make it work. you both compliment each other so well.
Wow it’s like looking in a mirror. We are in the exact place you were maybe 2-3 years ago. I was able to do lots of builds and repairs around the house but not now. I’m on disability. Osteoarthritis in both hands. Lots of pain. So I am struggling with buying a small condo and have our youngest daughter live with us or rent a place and still have her with us. That way when we go RVing she can take care of the place. We are 39 years married this year. Love your channel. Cheers!!!
Thanks for watching and welcome to our channel we are glad you are enjoying them. When we took early retirement 5 years ago selling the house was the best thing we could of done . Sorry to hear to about your Osteoarthritis that would be another very important reason to sell .I will answer your other question on our Rent video , have a great day 🌺
Good to see someone talking about financial planning - so many people leave it way too late to analyse and set goals. The ideal goal is to know your annual expenses for every item and decide if you want or can afford that. And to save enough to cover the living expenses, including property costs. It's important to also plan for where you will be when you are much older and need medical help - have heard of people moving to areas with very limited medical, far from family, and unable to buy back into or rent in capital city where prices have gone up too much. Every country has different issues around affordability. Personally, I prefer to own one property at least, so if circumstances or prices change, I have a place to stay. I could rent it out if I want to live elsewhere. There are so many homeless people, especially women, over 50 who didn't think about where they would live if they became sick or unemployed. I know circumstances are sometimes unavoidable, but most people don't forward think or even know their options financially before a crisis hits, then it almost too hard to start getting financially literate.
I have to retire solo as my husband just died at 44 so this gives me some hope and some ideas because my home will be worth at least a million dollars in the future so a lot of my nest egg is in it plus a few other investments. I can’t upkeep this house on my own and taxes currently are $600 a month alone which we all know which just keep going up and up!! Thanks for the great info!
We are so sorry to hear about your husband 🌺 you are correct property taxes keep going up and I wouldn’t of been able to look after our house on my own . Perhaps it’s a good idea for you to sell invest the money and rent would give you less stress on maintenance, safer and you would meet other people. We wish you all the best 🍷🌺
Renting allows you two to be flexible with regards to which country you live in eventually. You have already gone through the pain of having to get rid of household items. Light on your feet.
Thank you so much for this video. I have been dreading retirement and realised that all my money is tied up in my house. I have just struggled with the thought of selling it as I feel it is my families inheritance but I really want to travel and do voluntary work abroad. You were so spot on about the house being my identity as I worked so hard to get it (being a single parent). But there is so much I can do for enjoyment if I sell. Thank you after watching some of your videos my fear is slowly going and I am actually sitting down with pen and paper working out my options xx
Thanks for watching Denise, this is our goal to give out ideas so you can consider something new. We really want to reduce the fear of retirement, we wish you the best with your decisions.
You need to live your life for yourself, not worry about your family's inheritance. 😣 ugh. The cost to buy a house is so high now a days and expensive to run as well. Take the money and run, enjoy visiting others countries before you get too old.
Thanks a million for sharing this information, it has helped me confirm why I am considering selling when we retire. We live in Dallas, TX and our property taxes alone for our townhome is $1073 per month. Selling our home right before retirement and allowing the interest on the profit pay our rent sounds like a beautiful plan.
I remember when I worked in banking while living in a very expensive area of Glasgow. The houses were enormous sandstone ones. An old lady customer used to come in, she was always overdrawn and was living on £20 a week yet she had one of these houses. I very carefully spoke to her about looking to downsize but she said her grown up children were against it and she wanted to leave it to them. It was so sad, I always tried to spend a bit of time chatting to her as she was lonely. I think as you get older, legacies are massive in your decision making. Dx
That is a sad story and we saw our parents who stayed in the family houses and after 40 years their friends had moved on or passed away and social isolation and loneliness become issues. The other financial issue of homeownership is property tax how it keeps increasing. We certainly don't have the answers, but are happy in our apartment, where we see and chat to people everyday, it is a building with an older demographic. It was very nice of you to spend time with her I'm sure she appreciated the chat. Thanks you for watching and sharing your comment.
Best advertisement for renting at 60 I've yet heard. If you are financially sound why not....love the image of just locking up and going where the whim takes you. Your apartment awaits at your leisure....and no Canadian Tire...now that is true freedom!!!
😂😂 Canadian Tire, Thanks so much for a great comment, we wanted to share our experiences and it has been great reading others responses, we can all learn from each other. The apartment worked out better than we thought. Have a great week.
I came across your video, good information. I am thinking about selling my house and moving into an apartment. I am retired and a widower. My kids are grown up and moved away to another state. I don't have a lot saved but I do get a pension and social security. That was a good tip about investing the money from the sale of your house. I won't be going anywhere right now with this virus going on but during this time I have been working on downsizing.
TFW and we wish you well in thinking about selling your house and renting an appartment, it has been a great solution for us once you start downsizing and getting free of stuff things seem clearer. You have so much more freedom when you don’t have the problems of home ownership which we have had for many years . Hope you have a great week Cheers 🍷👍🍺
@@ThisIsOurRetirement I would add if renting be sure its a purpose built rental, mom and pop rentals can sell more often or they may want to now live in the accomodation and you have to move out.
@@11trickyrick That is is true we are fortunate and rent from a corporation with rent control so life is good . Thanks for watching have a great weekend Cheers 🍷🍺❤️🙂
Happy anniversary, great accomplishment! Great advice. One thing ive found here in apartment living is you lose alot of control. For example, if you neighbors are loud, or unsanitary, it can be a problem. My perception knowing a few canadians is that they are more respectful of other people. Not so in my area. Many apartment complexes designate some units as affordable housing to get federal funding. Most time thugs end up in these units. Also as you mentioned, no rent price control. So what do you recommend.. Move, which we are looking at 55 and over. What you say about social isolation is true.
We live in a lovely apartment building Barry where over 70% are over the the age of 60 so noise isn’t an issue , we have building managers than live here and the place is very well kept , team of gardeners do the outside. We sold our house to get rid of unexpected maintenance and expenses and also to get rid of social isolation in retirement, it has definitely worked for us . Have a wonderful day 🌺🙂
Congratulations on your 45th wedding Aniversary🥰 It seems like those many years have given you a sharing and balanced approach to life.Sounds like you both planned and thought about the financial and social context of living as an older couple in a very sensible way.
Congrats on 100 videos, Norm & Tina. We enjoy watching your videos and seeing the great places you visit. Glad that your plan to downsize and move into your apartment has enabled you to travel and enjoy your retirement. Have fun and be safe out there. ~Bob & Sue
Im glad i found your videos. These really helps me in making my decisions now. Im a widow and not sure of selling my house and renting an apartment. My kids are all grown ups. It is the emotional attachment that is holding me. I love how you have explained it. You are a big help. Thank you so much. Congratulations to both of you.
So much truth here. I can't wait to sell my home in 2 years and become a minimalist. Freedom from home ownership, equity in hand and leaving Canada to travel sounds fantastic to me.
We wish you best of luck , we have done that but keep our apartment and trailer as bases to travel. When the Covid restrictions are over hopefully we can Winter in USA 🇺🇸 or Portugal 🇵🇹 🍺🌺
This is great advice! We obviously haven't retired but we were able to downsize. Yes, that is what it is said about retirement, reason why people in many countries keep working until very old
Yes it’s amazing but when you downsize and adjust your outgoings life is a lot freeer and less stressful, have a great day we are having a heatwave 🥵in 🇨🇦 Canada but I am sure it’s hot where you are 🌞🍷Cheers .
congradulations guys on your anniversary. Im 53 and just sold my house feels great. Not sure what to do next but feels very exciting. Love your channel. Just started watching it. Im thinking about heading to Portugal and maybe buy a wee bit of land. Just a couple of acres. Might buy a van and do a bit of travelling. Always wanted to visit Canada and go gold panning in the Rockies. Beautiful country.
Sounds great, the adventures begin!! We hope you do live your dreams, if you hit it big with the gold 💰Remember us Lol. Maybe try looking at Coimbra in Portugal as an area to get some land, beautiful area without the large tourism of the south. We hope it all works out for you, let us know what you do. Have a great weekend. 🚐 🇵🇹🎉😎😎
Thanks guys. I’ll take a look at that place. Want something quiet anyway. So excited. If I find gold I’ll be knocking on your door for sure 😀. I’ll keep use updated. Take care James 👍👍
Congrats on 100 videos!! Y’all got me thinking. I have a house and a pool and plan on retiring in. 18 months. Wanna travel in our camper van but wondering about the house. Will hold us down. With the upkeep . Y’all got me thinking…. Thanks !
Hi Norm and Tina! Thanks for the great suggestions and tips. Ever since I started watching your video's and hearing your story it has given me a lot to think about for the future. Home values keep rising over the years and before you know it when you sell you could be sitting on a big nest egg! Like you say investing some of your money and having interest and dividends sound appealing for sure. It helps with your ongoing monthly expenses without the weight of responsibility with owning and maintaining a property. Gives you the freedom to explore and enjoy like your doing!
Hi Chris we are hoping sharing our story will help others , when you sell a house and invest the money to get interest it gives you a great sense of Freedom. Glad you enjoyed it we hope you are staying safe and keeping well Cheers 🍷👍🍺Norm and Tina x
@@ThisIsOurRetirement I love your channel and specially your vision toward life after retirement and your great advices on where to visit and how to get more value for your money. I am also working on a new business trying to empower our seniors and retirees buy providing more options to live and explore the world. I love to have an opportunity to meet you guys personally or over zoom. I think we could find opportunities to cooperate. All the best ,
Property tax varies a lot from state to state. I'm like Norm and don't need a hair dresser! That is a big apartment and utilities included is a good deal. We are getting 3.4% online in our savings account now. You guys had a big lot at your house. Love to see a video of your trailer and scenery. I like a retirement identity. Lol You have a nice community with your apartment life. Home Depot misses you Norm! Lol We built new 2 years ago so we should be good for a while on repairs. Cheers! Congrats on 100 video and 45 years with Tina.
Thanks so much Don, great to be in the hair club, a big cost savings 😂😂 We do have some trailer movies online here on UA-cam. We do enjoy our apartment and socialization and the freedom to travel. We do not miss Home Depot, thanks so much for watching.
You guys are great together! You have a knack of feeding off of each other when you speak. A lovely couple, the love shows between you two. I watch Tina glance at you when your speaking Norm and vice versa, hope I got your names right. I'm new to your channel, about 3 to 4 years from retirement. Your videos are very helpful! Thank you!
Thank you for your kind words, we try to have a “kitchen table” conversation between ourselves and you the viewer. We do appreciate your support and comment. Have a wonderful weekend. Yes you got our names right.
Hello! I will be healed just by looking at your couple. I'm almost 50 years old, and I'm about to think about a retirement plan. Thank you for the very healing vide
I find that interesting. Usually people say that you should buy property. This is the best way to invest money. But the way you look at it and explain it, your way is a good decision. Many greetings
Thank you for watching and commenting, investing in property our family house was the right thing to do as you suggest to build wealth while we worked, unfortunately property tax continues to increase every year and eventually will become too expensive. Selling our home gave us the ability to invest and be able to afford life to the end of our lifetime. Have a great week 😀😀
Retirement for me is just around the corner. I am not ready to downsize, lol. It is too hard!! Calgary is very expensive, property taxes here are super high. Let's meet in Portugal:)) I needed to hear this today!! Happy anniversary!
Thanks so much , property taxes never go down just keep going up. We are so happy we retired early and wish you well with yours coming soon. Have an awesome week ATB Norm and Tina 🍷👍🍺😎
Congratulations on your wedding anniversary and the 100th video. Thanks for sharing your story; I am several years away from retirement but I enjoy your videos and find inspiration in your journey. Looking forward to seeing you out in the world again.
Nice to see you both again, Congrats on the anniversaries. A lot to think about there, I moved and downsized over ten years ago, couldn’t be happier! Less is more! 👍👍👍
Hi Anthony what a great comment we are far happier with less space and less stuff(LOL) 😂😂thanks for watching have a great week Cheers 🍷👍🍺Norm and Tina 😎
Interesting video Norm & Tina. Well put together and thought through - couldn't agree more - every word. By the way nice "film set" presumably you are lit by a window? Looks good.
Love your videos kudos to you. I think a great idea for a video might be, unexpected things to plan for "just in case" type stuff that might happen. In retirement
Hi there Ad my partner was about TO retire we went to a course one of the most important pieces of Advice he was given that may be of help to others was he was advised to do any traval in the first five years after retiring because often people defer traveling but often poor health ends up dashing those ambitions
Thanks for a great video . We are in our 30s and recently paid off our home but because it is a big house with a couple of acres it is very expensive to maintain . So we are selling it and we are going to rent in a coastal spot . I think downsizing applies to all ages .
That sounds like a great plan we wish you well renting, we also had two acres with our house and it was a lot to maintain, downsizing works for all ages.We love renting our appartment, hope you are keeping well and have a great week Cheers 👍🍷🍺
This is a very interesting concept. I have been watching it now several times and did some research in my area of apartment living costs. I was sad to find out that it is actually cheaper to own a house in Central Florida. Rent prices for a nice apartment would be more than owning my paid for house. The average rent for an 800 square foot apartment is about $1,600 a month and if I wanted a two bedroom at a thousand square foot you're talking over $2,000 a month and that does not include any utilities. So what we have decided to do is to sell this house and to move to Tennessee which is a place we have always wanted to live and to build a home there. Right now with prices so high we may have to postpone the building part but we may go ahead and sell the home and rent temporarily or buy a camper and travel. Perhaps go to Ottawa! Or even Alaska. Keep the videos coming.
Thanks for watching Debbie we found moving to a less expensive area meant we could rent a two bedroom apartment at a lot lower price including utilities . Good luck with your plans stay safe and well Cheers 🍷🇺🇸🍺🇨🇦
I completely agree. Property taxes, maintenance costs, insurance..... it all adds up. It ends up being a big piggy bank in the end if you sell it then you can live off the interest and dividends. I plan on moving to a lower cost area. The more economical the better!
There is a myth that mortgage free is living free, far from it. Our number one concern in retirement is unexpected financial expenses. One viewer commented on our F.I.R.E. video adjusted the “retire” to rent everything which we totally agree with. It’s great you have a plan. Thanks for adding to this conversation.
wow 300 dollars, sometimes it is about cutting some extra expenses. We also cut a lot of our expenses like that, even though we were still living in NYC Sometimes letting things go is the best relief ever
My hair 💇♀️Looks better now than when I paid three times the price (LOL)😂😂 so cutting expenses does work. Love you comment sometimes letting things go is the best relief ever ❤️
I'm 46 and can't afford to fully retire but decided to work part time and travel as much as I can, but covid19 happen and 2 trips already been cancelled. luckily I had most of north america and a few countries in Europe done already, I'm supposed to be in southeastern Europe this coming October but its cancelled, so now just staying home watching your vlogs:)
Hi sorry your plans have got derailed, with Covid-19 all our travel plans are on hold , we are now travelling near to home in Ontario Canada 🇨🇦 which is beautiful hope you have a great weekend and thanks for visiting our channel cheers 🍷👍🍺
Ben Felix, a fellow Canadian here on UA-cam, talked about the 5% rule when comparing the cost of homeownership vs renting. His theory definitely supports your point that owning your home can be extremely expensive in terms of non-recourverable costs (property tax + home maintenance + mortgage interest) and even more then non-recouverable cost or rent (annual rent expense).
TFW when we looked at selling the house investing the money and then renting it made so much sense to us we are loving it . Have a great day Cheers 🍷👍🍺
We have done a pretty good job with self isolation. We can't wait until we can get back out and enjoy life again but safety first. We have been slowly removing clutter from our home and life. I am too emotionally invested in my home to get rid of it but it is inexpensive to maintain for the most part. Moving back in with my mom could be an option but the expenses of me needing a therapist at that point would be astronomical. LOL. We are fortunate that the cost of living in this area is relatively low. It sounds like selling your place and downsizing was a really good idea. It allows more freedom for travel when you no longer have to maintain a home. Great video idea.
The best part of ideas is knowing about them and being able to see if they are right for you or confirms what you are currently doing is correct. Things change with time and we have experienced that. Thank you so much for watching and taking time to leave a great comment. Stay well.
Hello there. Lovely to see you back. Lockdown and isolation has been a trying time for us all! Frustration is setting in. Enjoyed your video very much. We retired early too and downsized and have reinvented ourselves to a certain extent and we haven't looked back. Really informative and well thought out guidance thank you. You are correct when you say it is a very personal journey and you have to get yourself in the right place mentally before taking that path. Its great fun now we are here though, isn't it! Keep safe and well both of you and looking forward to the next 100 videos! No pressure. LOL!
Sounds like you are having a great time just like us , isn’t it amazing how different life can be . Yes we know the staying home is frustrating but at least we are safe in our home places. We hope you are keeping well and have a great week Cheers 🍷👍🍺
Thank you so much for this video and sharing your experience. Our plan is to sell the house in 5 years when our kids are finished university. I want us to rent until we see where the kids end up as adults. Neither one of us have lived in an apartment but your video has educated on some of the advantages. We plan on being snow birds to Portugal.
Hi Patricia sounds like a great plan , we hadn’t lived in an appartment either but soon got used to it , three things that we think are really important to us that might help you in looking is In suite Laundry 🧺, underground parking , and swimming 🏊♀️ pool. Our plan was also to be snowbirds to Portugal 🇵🇹 for one or two months a year , we have done both but this year due to the travel restrictions we won’t be able to do it hopefully the year after . We hope you are staying safe and keeping well have a great week Cheers 🍷👍😎🌺
I like how you created YOUR route to retirement, which is working for you. I took a different path, but was happy to retire at 55. Six years later, I don't know how I had the time to work. Now we are coming out of Covid ... let's go.
We thought about a apartment but we are leaning towards a 55+ retirement park we like to sit outside have some flowers and a garden. Thanks for sharing your videos. Congratulation's on your 100th video!
Sounds like a great plan we wish you well, we have a huge balcony at our appartment which we enjoy and have just bought a trailer on a Lakeside site for the summer months . Stay safe and keep well Cheers 🍷🍺🌺
Thanks for your vids, I'm learning a lot, even if I'm not retired yet lol but it's refreshing to see your point of views on many topics. I plan to spend my retired years travelling.
I seem to be doing just the opposite. Since my mom's passing last year I went from full time RV life and working on the road to parking my fifth wheel in the drive way and living at the house. I inherited it from her. So much work and repair. Home Depot and Lowes are my second home. LOL
Right! Home Depot and Lowes has a lot of my money. If u can't find what u need at one, then u go to the other... When does the repairs lighten up? Never, it seems.... 10 years living in my house and still not living comfortable. My neighborhood is so beautiful and living near wildlife and the lakes makes it feels like your on a vacation. The repairs are killing my financial freedom.
@@reneeharrell7075 TFW and we can understand how you feel, Norm used to live at both places when we had a house 🏡 When we looked hard at the costs of the house which were never ending , that’s when we decided to sell and move to a more affordable area. But on the plus side we replaced our home with a 2 bedroom Appartment, 1400 sq ft overlooking a lake with walking trails with En-suite Laundry and Indoor parking and pool that we rent , maybe it might help you to rethink if you want Financial Freedom. Have a great day Cheers 🍷👍🍺
I'm doing both! Retired at 66 last spring, working part time for fun, riding my bike and doing trips in our campervan. My wife will retire this year at 67 and does not want to sell the house. 45 years? Wow congratulations, your wife must a be saint. lol
It works if you can easily rent in the area you live however where we live it’s very difficult to rent somewhere. But if we emigrate to Australia we will rent our expensive place out and use just 2/3rds of that rent to pay for a similar or better place downunder near family.
Thanks for taking the time to divide your videos into playlists. Just fyi -- In the playlist titled "F.I.R.E. - Financial Independence Retire Early," there are 23 videos listed, but the last one is marked as a "private video" - not sure if that was added accidentally, if it's intentional (maybe for a select group of watchers?), or if the settings might be wrong. (I want to soak up all your videos/information, so I thought I'd pop in and mention it. :) )
Thanks for that! the reason it’s marked private is because it’s scheduled to come out tomorrow Saturday at 11.45 when it will become public . Glad you are enjoying them Cheers 🌺🍺🍷
@@ThisIsOurRetirement HAHAHA well now you KNOW how addicted I've become ... I'm looking for videos that haven't even been released yet! :-o Thanks for the reply.
\Congratulations on your anniversay and your 100th video!! I would find it difficult to move to an apartment because we love flower and vegetable gardening, being outside just puttering around. Although we are definitely looking at downsizing to a smaller home and further away from the city. Our property taxes have gone up astronomically and new homes being built up causing much more traffic. Ugh.
Thanks for watching , in our case we went from a 2000 sq foot Bungalow on 2 acres to our gorgeous 2 bed, 2 bath 1400 sq ft appartment, but we have a 36 foot balcony that gives us plenty of outdoor pottering. We just bought a Conversation set and also have a bistro set and eat out at least twice a day .Together with an indoor pool we have not looked back . As you say Property taxes always go up not down, and new housing brings more people , we are in a small town it’s very peaceful, hope you are well and enjoying your weekend Cheers 🍷👍🍺🌺
Happy 45th Wedding anniversary Tine and Norm (wow) and congratulations on your 100th video. You have given me some good advice here, very informative. I love watching your videos in Portugal, it's our (family and I) favourite destination, sad we have to cancel our trip this month due to dreaded covid 19. Subscriber from London UK. Keep well and safe!!!😷 Thank you.
Thanks for watching and sorry to hear you had to cancel your trip we love Portugal but are beginning to think that even this Winter it might not be possible due to all the restrictions.Hope you and your family stay safe and keep well and positive we are making the most of staying close to home . Have a great week ATB 🍷👍🍺
@@ruthlyons2370 With all the travel advisories in place it doesn’t look like we will be able to go this a Winter . Canada has been advised To basically go no where so we are Doing some local travelling and exploring Canada 🇨🇦 ATB 🍷👍🌺
HI..found your channel and loving your advice. I am 55 from Newfoundland, 3 years away from reitring and looking for all the great advice my wife and I can get. We have begun to think about downsizing and when retirement comes we will be selling our house and dowsizing as we are not attached to this house. May be you can provide some tips/helpful hints on the travels you have done since retiring and how to travel in your retirement years...i.e. travelling on your budget and such.
When we took early retirement 5 years we managed to travel a lot ,doing lots of cruises , land trips etc it was wonderful however since the Pandemic that has all stopped . Due to the changes we knew we had to do something so we bought a trailer in October that will be permanently on a Lakeside Campground about 2 hours from our home . We will now spend our summers there and hope travel comes back so we can to a warmer place in the Winter . Enjoy your weekend Cheers 🌺🍺🍷
hahah...I must admit I used to come out of the hairdresser and as I put my credit card back in my purse in a dazed state I wondered what just happened. So went grey, let the natural curls come back and now I have the Albert Einstien look!
@@Solo50plus Wow TFW I hear you with Covid I now just leave my natural curls no blow drying , the highlights are growing out but life is good 😌 Hope you are well have a great weekend Cheers 🍷🙂🌺
Congrats on #100, and happy anniversary . I am enjoying your videos. Most people don't understand the true cost of home ownership . A great option but you need a good plan like it sounds like you do. I realize I am watching this March 2 and you did this in July. I need to catch up on your videos. All The Best
Thanks for watching glad you like our videos, with lots of people all staying home lots of time to catch up on You Tubes LOL 😂😂have a great week Cheers 🙂🍷🍺
My house is paid up. All my taxes, upkeep electic water and trash is only $484.The cheapest apartments in our area are $525 not including electic and water so no staying in my own house is way cheaper!! Not even close!
So you have never had any repairs, cutting grass, shovelling snow replacing windows, garage doors, painting, buying annual flowers, replace roof shingles. That is great that nothing wears out in your house. Thanks for watching.
@@ThisIsOurRetirement I included paying for grass cutting in that amount.My roof being repaired was free by my homeowners insurance after a hail storm.Of course rugs painting or new windows will eventually be done but I can space those expenses out over time.
Don’t forget the capital released from your house will be earning 4% and would exceed that gap. Eg a house sold for £400,000 can be invested in a SIP with 4% drawdown is £16,000 pa towards your rent and bills.
Congrats on 100 and 45!!! Really great video. I am now looking around at retirement options as well. Planning on a new country and cheaper place to live as well. Totally agree on selling the house. I also have always thought of the house as my retirement. I actually had only been thinking of buying a smaller house. But you have now got me thinking otherwise 🤔 Also the reality is that as we get older (dare I say it) stairs and cutting the grass and painting - it all becomes more difficult. Always lovely seeing your faces 🤗 🌷 🏴
Hi Karen it is amazing the difference to your life when there is no maintenance i.e grass cutting,snow removal , general house up keep , the beauty here is if anything goes wrong you just call the superintendent to fix it ! When you are looking at options one thing we have is we have our own washer and dryer ensuite we loved that 🙂 Are you thinking Portugal 🇵🇹 by any chance if so we could come visit (LOL)😂😂thanks for watching and have a great week stay safe Cheers Norm and Tina 🍷🍺😎
can see why you did that we recently downsized selling our home to our son for his family to grow in we moved to a more central point for our work so solved my sons and our problem too *got our like👍Au👍and a total view with pleasure*
100 video / congrats. I have watch them all 🙌🙌🙌. And happy 45th. Hope to visit you someday. Love your country too. ❤️❤️. I’m here in the US and visited niagra falls Canada and loved it.
My wife and I also thinking about selling house around or even before retirement, but we love it, but the money would produce income and we could live somewhere else for a lot a lot less
Thanks so much for watching ,it sounds like you have a good plan we did it and we hope you have a great retirement. Hope you are staying safe and keeping well Cheers 🍷👍🍺
@markito Make sure you do up a spreadsheet listing every expense for each plan. You have to take into consideration the factor while your money is invested in a house it’s appreciating considerably and has proven to be a safe investment. Since interest rates are next to 0 you need to invest the proceeds from your house into the stock markets to get any income. Stocks are a lot higher risk than real estate. You could very well lose your money in a market crash or if the company removes it’s dividend payments due to events like now a pandemic or bad economy.
Hello Tina & Norman Glad you are enjoying your 45 wedding anniversary and have a good time even in this Covid time . You took a good decision in selling your house and having a good time with the money our time will come also soon . Less stress and time ...taking care of the house more time for both of you ! Have a great upcoming week ! H&S 👩❤️👨🌈 From Boisbriand Québec Canada 🇨🇦
Hi Serge & Helene, We thought financially and emotionally that selling the house would be good for us, no regrets. We hope you are having a great time in Magog. Thanks for watching.
I think that renting vs owning depends on your stage of life. Owning a property makes sense when you have a long time frame for appreciation. At retirement, you can benefit from freeing up that equity and use it to generate an income. However that only works after having paid off a mortgage.
Hi Diana TFW we loved our home too , but when we had the chance to take early retirement and downsize everything fell in to place and we have never looked back , a great adventure. Hope you have a great weekend ATB 🍷👍🍺🌺
Thank you for visiting us and commenting, the apartment we have is our home, we have been here for 5 years but do travel a lot while we have our health. As you say we always look forward to coming back home from our travels, no place like home. Have a great week.
Hi Dave, hope you and Lindsay are well, thanks for watching, this change has worked quite well for us, it won't suit everyone but has helped us travel a lot more and feel less stressed. Have a good week, hope the Scottish weather is being kind to you.
TFW selling now will give you choices, when you sell invest the money and that will generate interest to provide the monthly rent , when we sold the house it was amazing how different you felt Good Luck with your plans let us know how you do . Enjoy your week Cheers 🍷🍺👍
We wanted to celebrate our 100th video on UA-cam with an idea we had for our retirement that has worked well for us. We are not suggesting anyone do this as we are not financial planners, we thought sharing ideas could be useful.
you give a whole lot of financial advice to people when you're not a license financial expert, you're doing a great job. I need a financial expert who can help me acquire a strong portfolio, can you help me with one?
@@silviaerling382 We can’t we are just telling our story it’s for entertainment purposes only we wish you all the best Cheers 🍷🌺🍺
Thank you! so Much for Sharing Where is the Area that you Live one day I want to visit Canada and Buy i want to be in Canada 6 months and in USA 6 Months 🥰 can you give the state or Area you suggested Thanks!
I've always known that apartment living is less expensive than home ownership, but somehow I just wanted to own my home. But now, I am definitely ready to transition to a smaller place. I am tired of yard work and everything else that is involved with owning. You two are so refreshing to watch.
You can do it! we found once we mentally had decided to sell and that we were going to rent it all became so exciting a plan was in place . We are loving the renting life so less stress, having laundry ensuite is also great as well as the swimming pool 🏊♀️ which Tina loves. We wish you all the best Cheers 🍺🍷🌻
house is good until you got small kids because they enjoy the space but once kids go away, owning home is unnecessary.
Perhaps what you say is somewhat correct. But the problem occurs when the owner wants to substantially increase the rent or has decided to sell the property as is happening in Australia at the moment. And there is a huge shortage of properties. It is difficult to move house when you are in say your eighties.
You are opening the minds of people! It's more about quality of life.
Glad you are enjoying our videos it is the quality and experiences that makes great memories and do it while you can. Enjoy your day ☕️
Congratulations on your 45th Anniversary and your 100th UA-cam video!! Excellent content! We sold our home 13 months ago within a month of retiring, downsized about 90% of our possessions and dramatically reduced our expenses as well. We did spend about two years becoming adjusted to the idea of leaving the home that we built 19 years earlier. A year later, life is great and we are retaining a lot more of our wealth! We were planing on contacting you both this winter in Portugal as we were going to be there too. Perhaps someday we will be able to meet for coffee. Thanks for sharing!!
Hello thanks for telling us about you, we like you after a year had adjusted and the financial liability of a house had gone, we felt ready to retire. Also it enables you to review finances and have a stress free debt free life. Portugal sounds a long way away these days, we would like to be there this winter / spring, who knows. It would be great to meet up in Portugal 🇵🇹
great advice! my in laws are hitting 70s and they are building their “dream” house, which isn’t something i would do at that age. we’ve gone back and forth and we want to be able to travel and enjoy life after caring for our four children. the next chapter in our life would be to live abroad for half of the year, come back to the states for the rest to spend time with family (future grandkids). also what’s fun about living abroad is when we do have grandchildren, our hope is that they will be able to visit us and experience the country and it’s culture. that’s our goal.
Great plans we married young and always said there would be life after kids LOL 😂😂 you are thinking like us have a great day Cheers 🍷🌺🍺
This is so smart! We are close to retirement and have come to the same conclusion. Renting gives you freedom. A house is a ball and chain cost and commitment.
That is so very true , we are loving renting hope you are having a nice Sunday Cheers 🍷🍺🌺
What a lovely couple you are! Happy Anniversary (and retirement)! I'm a new subbie and I'm enjoying the interaction. It's like we're in a room together and not where you are "talking" to the viewers.
TFW and welcome to our channel glad you enjoyed our video, we hope you are staying safe and keeping well hope you have a great week Cheers 🍷👍🍺
I am loving your channel. I retired in July 2020, the best decision I ever made.
TFW and congrats 🥳 on your retirement isn’t life wonderful have a great week 🙂🍷🍺
@Hello Jason how are you doing?
I love this video. Love how you explain everything so clearly advantages of moving to apt and how to make it work. you both compliment each other so well.
Thank you so much. 💕❤️
Wow it’s like looking in a mirror. We are in the exact place you were maybe 2-3 years ago. I was able to do lots of builds and repairs around the house but not now. I’m on disability. Osteoarthritis in both hands. Lots of pain. So I am struggling with buying a small condo and have our youngest daughter live with us or rent a place and still have her with us. That way when we go RVing she can take care of the place. We are 39 years married this year. Love your channel. Cheers!!!
Thanks for watching and welcome to our channel we are glad you are enjoying them. When we took early retirement 5 years ago selling the house was the best thing we could of done .
Sorry to hear to about your Osteoarthritis that would be another very important reason to sell .I will answer your other question on our Rent video , have a great day 🌺
Live for yourselves , not banks , not Home Depot’s😂. Love that ❤️❤️
Yes! Loose the unexpected costs which put your savings at risk. 💕❤️
Good to see someone talking about financial planning - so many people leave it way too late to analyse and set goals. The ideal goal is to know your annual expenses for every item and decide if you want or can afford that. And to save enough to cover the living expenses, including property costs.
It's important to also plan for where you will be when you are much older and need medical help - have heard of people moving to areas with very limited medical, far from family, and unable to buy back into or rent in capital city where prices have gone up too much.
Every country has different issues around affordability. Personally, I prefer to own one property at least, so if circumstances or prices change, I have a place to stay. I could rent it out if I want to live elsewhere.
There are so many homeless people, especially women, over 50 who didn't think about where they would live if they became sick or unemployed. I know circumstances are sometimes unavoidable, but most people don't forward think or even know their options financially before a crisis hits, then it almost too hard to start getting financially literate.
I have to retire solo as my husband just died at 44 so this gives me some hope and some ideas because my home will be worth at least a million dollars in the future so a lot of my nest egg is in it plus a few other investments. I can’t upkeep this house on my own and taxes currently are $600 a month alone which we all know which just keep going up and up!! Thanks for the great info!
We are so sorry to hear about your husband 🌺 you are correct property taxes keep going up and I wouldn’t of been able to look after our house on my own . Perhaps it’s a good idea for you to sell invest the money and rent would give you less stress on maintenance, safer and you would meet other people. We wish you all the best 🍷🌺
@@ThisIsOurRetirement thank you 💜
Renting allows you two to be flexible with regards to which country you live in eventually. You have already gone through the pain of having to get rid of household items. Light on your feet.
We totally agree Rusty selling our home and renting is the best thing we could of done Cheers 🍷🌻🍺
Great for you to!!! My wife and I just sold our, paid off, home and are enjoying our retirement in a new, much smaller town. Great video!!
That’s wonderful we wish you an awesome retirement 🤩thanks for dropping by and glad you enjoyed our video have a great week Cheers 👍🍷🍺
Thank you so much for this video. I have been dreading retirement and realised that all my money is tied up in my house. I have just struggled with the thought of selling it as I feel it is my families inheritance but I really want to travel and do voluntary work abroad. You were so spot on about the house being my identity as I worked so hard to get it (being a single parent). But there is so much I can do for enjoyment if I sell. Thank you after watching some of your videos my fear is slowly going and I am actually sitting down with pen and paper working out my options xx
Thanks for watching Denise, this is our goal to give out ideas so you can consider something new. We really want to reduce the fear of retirement, we wish you the best with your decisions.
You need to live your life for yourself, not worry about your family's inheritance. 😣 ugh. The cost to buy a house is so high now a days and expensive to run as well. Take the money and run, enjoy visiting others countries before you get too old.
@@sct4040 We agree
Thanks a million for sharing this information, it has helped me confirm why I am considering selling when we retire. We live in Dallas, TX and our property taxes alone for our townhome is $1073 per month. Selling our home right before retirement and allowing the interest on the profit pay our rent sounds like a beautiful plan.
We are glad to have shared an idea with you and wish you a great retirement, we do appreciate your kind comment, thank you.
I remember when I worked in banking while living in a very expensive area of Glasgow. The houses were enormous sandstone ones. An old lady customer used to come in, she was always overdrawn and was living on £20 a week yet she had one of these houses. I very carefully spoke to her about looking to downsize but she said her grown up children were against it and she wanted to leave it to them. It was so sad, I always tried to spend a bit of time chatting to her as she was lonely. I think as you get older, legacies are massive in your decision making. Dx
That is a sad story and we saw our parents who stayed in the family houses and after 40 years their friends had moved on or passed away and social isolation and loneliness become issues. The other financial issue of homeownership is property tax how it keeps increasing. We certainly don't have the answers, but are happy in our apartment, where we see and chat to people everyday, it is a building with an older demographic. It was very nice of you to spend time with her I'm sure she appreciated the chat. Thanks you for watching and sharing your comment.
@@ThisIsOurRetirement houses prices keep increasing ///year after year // it is good investment
Best advertisement for renting at 60 I've yet heard.
If you are financially sound why not....love the image of just locking up and going where the whim takes you. Your apartment awaits at your leisure....and no Canadian Tire...now that is true freedom!!!
😂😂 Canadian Tire, Thanks so much for a great comment, we wanted to share our experiences and it has been great reading others responses, we can all learn from each other. The apartment worked out better than we thought. Have a great week.
I came across your video, good information. I am thinking about selling my house and moving into an apartment. I am retired and a widower. My kids are grown up and moved away to another state. I don't have a lot saved but I do get a pension and social security. That was a good tip about investing the money from the sale of your house. I won't be going anywhere right now with this virus going on but during this time I have been working on downsizing.
TFW and we wish you well in thinking about selling your house and renting an appartment, it has been a great solution for us once you start downsizing and getting free of stuff things seem clearer. You have so much more freedom when you don’t have the problems of home ownership which we have had for many years . Hope you have a great week Cheers 🍷👍🍺
@@ThisIsOurRetirement I would add if renting be sure its a purpose built rental, mom and pop rentals can sell more often or they may want to now live in the accomodation and you have to move out.
@@11trickyrick That is is true we are fortunate and rent from a corporation with rent control so life is good . Thanks for watching have a great weekend Cheers 🍷🍺❤️🙂
Glad it worked out for you two. As long as you both are comfortable. Your both to be commended for researching and analysis in making your decision.
Thank you
you guys resonate
with reason
it's not all about dollars and cents,
so glad i have found your channel
cheers from BC
Thanks for watching and welcome to our channel glad you enjoy it , we hope you are well in B.C. have a great week Cheers 🙂🍷🍺
Congratulations. Wishing you all the best and happy life
Congratulations on your video milestone.
Thanks for your perspective!
Thanks for watching have a great week 🌺🍷
I like that you talk of the emotional aspects related to the down-sizing. You give me encouragement. Great video's!
Thank you glad you enjoyed it , have a great weekend Cheers 🍷🌺🍺
Happy anniversary, great accomplishment! Great advice. One thing ive found here in apartment living is you lose alot of control. For example, if you neighbors are loud, or unsanitary, it can be a problem. My perception knowing a few canadians is that they are more respectful of other people. Not so in my area. Many apartment complexes designate some units as affordable housing to get federal funding. Most time thugs end up in these units. Also as you mentioned, no rent price control. So what do you recommend..
Move, which we are looking at 55 and over. What you say about social isolation is true.
We live in a lovely apartment building Barry where over 70% are over the the age of 60 so noise isn’t an issue , we have building managers than live here and the place is very well kept , team of gardeners do the outside. We sold our house to get rid of unexpected maintenance and expenses and also to get rid of social isolation in retirement, it has definitely worked for us . Have a wonderful day 🌺🙂
Congratulations on your 45th wedding Aniversary🥰 It seems like those many years have given you a sharing and balanced approach to life.Sounds like you both planned and thought about the financial and social context of living as an older couple in a very sensible way.
Thank you so much!! hope you are having a wonderful weekend Cheers 🍷🍺🌺
Congrats on 100 videos, Norm & Tina. We enjoy watching your videos and seeing the great places you visit. Glad that your plan to downsize and move into your apartment has enabled you to travel and enjoy your retirement. Have fun and be safe out there. ~Bob & Sue
Thank you so much! Bob and Sue, stay safe in Florida
Im glad i found your videos. These really helps me in making my decisions now. Im a widow and not sure of selling my house and renting an apartment. My kids are all grown ups. It is the emotional attachment that is holding me. I love how you have explained it. You are a big help. Thank you so much. Congratulations to both of you.
If you are unsure try talking to your family and see how they feel ,
have a great day 🍷🌺
So much truth here. I can't wait to sell my home in 2 years and become a minimalist. Freedom from home ownership, equity in hand and leaving Canada to travel sounds fantastic to me.
We wish you best of luck , we have done that but keep our apartment and trailer as bases to travel.
When the Covid restrictions are over hopefully we can Winter in USA 🇺🇸 or Portugal 🇵🇹 🍺🌺
@@ThisIsOurRetirement For sure, covid has really put a damper on things. I'll be exploring SE Asia and probably settling there.
@@Gurkha9 Sounds great 🍺🍷
This is great advice! We obviously haven't retired but we were able to downsize.
Yes, that is what it is said about retirement, reason why people in many countries keep working until very old
Yes it’s amazing but when you downsize and adjust your outgoings life is a lot freeer and less stressful, have a great day we are having a heatwave 🥵in 🇨🇦 Canada but I am sure it’s hot where you are 🌞🍷Cheers .
Really enjoy your video's. We lived and worked in St. Lazare, QC in the early 90's and now live in the states. Liked our time in Canada.
We are glad you enjoyed your time in Canada, thanks for watching have a great week.
Good points. My husband loves the 24 acres and keeps saying soon.
Great seeing.
Hi Laura everyone’s timing is different, glad you enjoyed watching it have a great day Cheers 🍷👍🍺
congradulations guys on your anniversary. Im 53 and just sold my house feels great. Not sure what to do next but feels very exciting. Love your channel. Just started watching it. Im thinking about heading to Portugal and maybe buy a wee bit of land. Just a couple of acres. Might buy a van and do a bit of travelling. Always wanted to visit Canada and go gold panning in the Rockies. Beautiful country.
Sounds great, the adventures begin!! We hope you do live your dreams, if you hit it big with the gold 💰Remember us Lol. Maybe try looking at Coimbra in Portugal as an area to get some land, beautiful area without the large tourism of the south. We hope it all works out for you, let us know what you do. Have a great weekend. 🚐 🇵🇹🎉😎😎
Thanks guys. I’ll take a look at that place. Want something quiet anyway. So excited. If I find gold I’ll be knocking on your door for sure 😀. I’ll keep use updated. Take care James 👍👍
Ps. Have a great weekends yourselves.
@@LIFE_1966 😂😂
Congrats on 100 videos!! Y’all got me thinking. I have a house and a pool and plan on retiring in. 18 months. Wanna travel in our camper van but wondering about the house. Will hold us down. With the upkeep . Y’all got me thinking…. Thanks !
Hi Norm and Tina! Thanks for the great suggestions and tips. Ever since I started watching your video's and hearing your story it has given me a lot to think about for the future. Home values keep rising over the years and before you know it when you sell you could be sitting on a big nest egg! Like you say investing some of your money and having interest and dividends sound appealing for sure. It helps with your ongoing monthly expenses without the weight of responsibility with owning and maintaining a property. Gives you the freedom to explore and enjoy like your doing!
Hi Chris we are hoping sharing our story will help others , when you sell a house and invest the money to get interest it gives you a great sense of Freedom.
Glad you enjoyed it we hope you are staying safe and keeping well Cheers 🍷👍🍺Norm and Tina x
What a lovely smart couple! Living life on their own rule, not what society promotes. Very wise.
Thanks so much for watching have a wonderful weekend Cheers 🍷🌺🍺
@@ThisIsOurRetirement I love your channel and specially your vision toward life after retirement and your great advices on where to visit and how to get more value for your money. I am also working on a new business trying to empower our seniors and retirees buy providing more options to live and explore the world. I love to have an opportunity to meet you guys personally or over zoom. I think we could find opportunities to cooperate.
All the best ,
@@ebrahimmoamer9198 Thanks for watching we are pretty busy at the moment with our activities but thanks for the offer enjoy your weekend Cheers 🍷🍺🌺
Property tax varies a lot from state to state. I'm like Norm and don't need a hair dresser! That is a big apartment and utilities included is a good deal. We are getting 3.4% online in our savings account now. You guys had a big lot at your house. Love to see a video of your trailer and scenery. I like a retirement identity. Lol You have a nice community with your apartment life. Home Depot misses you Norm! Lol We built new 2 years ago so we should be good for a while on repairs. Cheers! Congrats on 100 video and 45 years with Tina.
Thanks so much Don, great to be in the hair club, a big cost savings 😂😂 We do have some trailer movies online here on UA-cam. We do enjoy our apartment and socialization and the freedom to travel. We do not miss Home Depot, thanks so much for watching.
You guys are great together! You have a knack of feeding off of each other when you speak. A lovely couple, the love shows between you two. I watch Tina glance at you when your speaking Norm and vice versa, hope I got your names right. I'm new to your channel, about 3 to 4 years from retirement. Your videos are very helpful! Thank you!
Thank you for your kind words, we try to have a “kitchen table” conversation between ourselves and you the viewer. We do appreciate your support and comment. Have a wonderful weekend. Yes you got our names right.
Hello!
I will be healed just by looking at your couple.
I'm almost 50 years old, and I'm about to think about a retirement plan.
Thank you for the very healing vide
Thanks for watching and good luck with your retirement plan.
I find that interesting. Usually people say that you should buy property. This is the best way to invest money. But the way you look at it and explain it, your way is a good decision.
Many greetings
Thank you for watching and commenting, investing in property our family house was the right thing to do as you suggest to build wealth while we worked, unfortunately property tax continues to increase every year and eventually will become too expensive. Selling our home gave us the ability to invest and be able to afford life to the end of our lifetime. Have a great week 😀😀
Retirement for me is just around the corner. I am not ready to downsize, lol. It is too hard!!
Calgary is very expensive, property taxes here are super high.
Let's meet in Portugal:))
I needed to hear this today!!
Happy anniversary!
Thanks so much , property taxes never go down just keep going up. We are so happy we retired early and wish you well with yours coming soon. Have an awesome week ATB Norm and Tina 🍷👍🍺😎
@@ThisIsOurRetirement , thanks for replying!!
Awesome I love it you guys look great I will recommend this video to a couple of my friends thank you for this, do stay safe.
Thanks so much glad you liked it hope you are staying safe have a great week Cheers 🍷👍🍺
@Hello Vasillis how are you doing?
Congratulations on your wedding anniversary and the 100th video. Thanks for sharing your story; I am several years away from retirement but I enjoy your videos and find inspiration in your journey. Looking forward to seeing you out in the world again.
Thanks for dropping by glad you enjoy our videos we are having a great retirement hope you have a great week Cheers 🍷👍🍺
Nice to see you both again, Congrats on the anniversaries. A lot to think about there, I moved and downsized over ten years ago, couldn’t be happier! Less is more! 👍👍👍
Hi Anthony what a great comment we are far happier with less space and less stuff(LOL) 😂😂thanks for watching have a great week Cheers 🍷👍🍺Norm and Tina 😎
Interesting video Norm & Tina. Well put together and thought through - couldn't agree more - every word. By the way nice "film set" presumably you are lit by a window? Looks good.
Hi Paul yes we were lite by the window very good observation, glad you enjoyed it have a great week Cheers 🍷👍🍺
@Hello Paul how are you doing?
Love your videos kudos to you. I think a great idea for a video might be, unexpected things to plan for "just in case" type stuff that might happen. In retirement
Thanks for the idea! Cheers 🍷🌺😎
Hi there
Ad my partner was about TO retire we went to a course one of the most important pieces of Advice he was given that may be of help to others was he was advised to do any traval in the first five years after retiring because often people defer traveling but often poor health ends up dashing those ambitions
TFW that is so true we hear it happening all the time best to travel while you can , have a great weekend Cheers 🍷🙂🍺
Thanks for a great video . We are in our 30s and recently paid off our home but because it is a big house with a couple of acres it is very expensive to maintain . So we are selling it and we are going to rent in a coastal spot . I think downsizing applies to all ages .
That sounds like a great plan we wish you well renting, we also had two acres with our house and it was a lot to maintain, downsizing works for all ages.We love renting our appartment, hope you are keeping well and have a great week Cheers 👍🍷🍺
This is a very interesting concept. I have been watching it now several times and did some research in my area of apartment living costs. I was sad to find out that it is actually cheaper to own a house in Central Florida. Rent prices for a nice apartment would be more than owning my paid for house. The average rent for an 800 square foot apartment is about $1,600 a month and if I wanted a two bedroom at a thousand square foot you're talking over $2,000 a month and that does not include any utilities. So what we have decided to do is to sell this house and to move to Tennessee which is a place we have always wanted to live and to build a home there. Right now with prices so high we may have to postpone the building part but we may go ahead and sell the home and rent temporarily or buy a camper and travel. Perhaps go to Ottawa! Or even Alaska. Keep the videos coming.
Thanks for watching Debbie we found moving to a less expensive area meant we could rent a two bedroom apartment at a lot lower price including utilities . Good luck with your plans stay safe and well Cheers 🍷🇺🇸🍺🇨🇦
I completely agree. Property taxes, maintenance costs, insurance..... it all adds up. It ends up being a big piggy bank in the end if you sell it then you can live off the interest and dividends. I plan on moving to a lower cost area. The more economical the better!
There is a myth that mortgage free is living free, far from it. Our number one concern in retirement is unexpected financial expenses. One viewer commented on our F.I.R.E. video adjusted the “retire” to rent everything which we totally agree with. It’s great you have a plan. Thanks for adding to this conversation.
wow 300 dollars, sometimes it is about cutting some extra expenses. We also cut a lot of our expenses like that, even though we were still living in NYC
Sometimes letting things go is the best relief ever
My hair 💇♀️Looks better now than when I paid three times the price (LOL)😂😂 so cutting expenses does work. Love you comment sometimes letting things go is the best relief ever ❤️
Very interesting and timely. Thank you for sharing your experience and knowledge.
Your very welcome have a great Friday 🇬🇧☕️🇨🇦
I'm 46 and can't afford to fully retire but decided to work part time and travel as much as I can, but covid19 happen and 2 trips already been cancelled. luckily I had most of north america and a few countries in Europe done already, I'm supposed to be in southeastern Europe this coming October but its cancelled, so now just staying home watching your vlogs:)
Hi sorry your plans have got derailed, with Covid-19 all our travel plans are on hold , we are now travelling near to home in Ontario Canada 🇨🇦 which is beautiful hope you have a great weekend and thanks for visiting our channel cheers 🍷👍🍺
@@ThisIsOurRetirement I love your videos of Algarve area, it is now added to my bucket list. thanks and cheers from Australia.
great vedio dear thanks for sharing with us
Thanks for watching have a great week Cheers 🍷🍺👍
Ben Felix, a fellow Canadian here on UA-cam, talked about the 5% rule when comparing the cost of homeownership vs renting. His theory definitely supports your point that owning your home can be extremely expensive in terms of non-recourverable costs (property tax + home maintenance + mortgage interest) and even more then non-recouverable cost or rent (annual rent expense).
TFW when we looked at selling the house investing the money and then renting it made so much sense to us we are loving it . Have a great day Cheers 🍷👍🍺
Congrats on 100 videos - and thank you for sharing your experiences!
Glad you like them! enjoy your weekend Cheers 🍷🌺🍺
AWWWH Early Happy Anniversary '2022 Norm and Tina!!! 47th? ❤️👏🏽 Cheers Guys🍾🥂🍾🍾
Thanks so much we had a wonderful day Cheers 🌺🥂
@@ThisIsOurRetirement You are so very welcome.
We have done a pretty good job with self isolation. We can't wait until we can get back out and enjoy life again but safety first. We have been slowly removing clutter from our home and life. I am too emotionally invested in my home to get rid of it but it is inexpensive to maintain for the most part. Moving back in with my mom could be an option but the expenses of me needing a therapist at that point would be astronomical. LOL. We are fortunate that the cost of living in this area is relatively low. It sounds like selling your place and downsizing was a really good idea. It allows more freedom for travel when you no longer have to maintain a home. Great video idea.
The best part of ideas is knowing about them and being able to see if they are right for you or confirms what you are currently doing is correct. Things change with time and we have experienced that. Thank you so much for watching and taking time to leave a great comment. Stay well.
Hello there. Lovely to see you back. Lockdown and isolation has been a trying time for us all! Frustration is setting in. Enjoyed your video very much. We retired early too and downsized and have reinvented ourselves to a certain extent and we haven't looked back. Really informative and well thought out guidance thank you. You are correct when you say it is a very personal journey and you have to get yourself in the right place mentally before taking that path. Its great fun now we are here though, isn't it! Keep safe and well both of you and looking forward to the next 100 videos! No pressure. LOL!
Sounds like you are having a great time just like us , isn’t it amazing how different life can be . Yes we know the staying home is frustrating but at least we are safe in our home places. We hope you are keeping well and have a great week Cheers 🍷👍🍺
When I watching and listen to both of you I really miss my parents so bad.
Thank you for watching our videos we hope you are staying safe and keeping well Cheers 🍷🌺❤️
Thank you so much for this video and sharing your experience. Our plan is to sell the house in 5 years when our kids are finished university. I want us to rent until we see where the kids end up as adults. Neither one of us have lived in an apartment but your video has educated on some of the advantages. We plan on being snow birds to Portugal.
Hi Patricia sounds like a great plan , we hadn’t lived in an appartment either but soon got used to it , three things that we think are really important to us that might help you in looking is In suite Laundry 🧺, underground parking , and swimming 🏊♀️ pool. Our plan was also to be snowbirds to Portugal 🇵🇹 for one or two months a year , we have done both but this year due to the travel restrictions we won’t be able to do it hopefully the year after .
We hope you are staying safe and keeping well have a great week Cheers 🍷👍😎🌺
I like how you created YOUR route to retirement, which is working for you. I took a different path, but was happy to retire at 55. Six years later, I don't know how I had the time to work. Now we are coming out of Covid ... let's go.
We agree
100th video!🎉 Congrats! Keep up the good work! I can see selling my home. So much overhead. Ready to transition to renting. More freedom.
Awesome! Thank you! we hope you have a wonderful week 🌺🍺🍷
Great video! I'm 32, but am trying to learn what to expect in retirement. Thanks for your perspective
We are glad you enjoyed it, hope it gives you some ideas to think about and have a great weekend Cheers 🍷🌺🍺
We thought about a apartment but we are leaning towards a 55+ retirement park we like to sit outside have some flowers and a garden. Thanks for sharing your videos. Congratulation's on your 100th video!
Sounds like a great plan we wish you well, we have a huge balcony at our appartment which we enjoy and have just bought a trailer on a Lakeside site for the summer months . Stay safe and keep well Cheers 🍷🍺🌺
@@ThisIsOurRetirement That's a great Idea! I grew up in southern Ontario, my grandparents did the same thing its a fun relaxing getaway:)
Happy Anniversary! You're a such an adorable couple... thanks so much for sharing your experiences. Wish you good health and contentment
Thank you and thank you for your kind words.
Thanks for your vids, I'm learning a lot, even if I'm not retired yet lol but it's refreshing to see your point of views on many topics. I plan to spend my retired years travelling.
Great to hear! have a wonderful week Cheers 🍷🌺🍷
You both look awesome! I am really enjoying your story. Blessed you both.
Thank you so much!
I seem to be doing just the opposite. Since my mom's passing last year I went from full time RV life and working on the road to parking my fifth wheel in the drive way and living at the house. I inherited it from her.
So much work and repair. Home Depot and Lowes are my second home. LOL
TFW but it’s your opportunity and sounds great 👍 and we wish you well have a wonderful week Cheers 👍🍷🍺
Right! Home Depot and Lowes has a lot of my money. If u can't find what u need at one, then u go to the other... When does the repairs lighten up? Never, it seems.... 10 years living in my house and still not living comfortable. My neighborhood is so beautiful and living near wildlife and the lakes makes it feels like your on a vacation. The repairs are killing my financial freedom.
@@reneeharrell7075 TFW and we can understand how you feel, Norm used to live at both places when we had a house 🏡
When we looked hard at the costs of the house which were never ending , that’s when we decided to sell and move to a more affordable area. But on the plus side we replaced our home with a 2 bedroom Appartment, 1400 sq ft overlooking a lake with walking trails with En-suite Laundry and Indoor parking and pool that we rent , maybe it might help you to rethink if you want Financial Freedom. Have a great day Cheers 🍷👍🍺
I'm doing both! Retired at 66 last spring, working part time for fun, riding my bike and doing trips in our campervan. My wife will retire this year at 67 and does not want to sell the house.
45 years? Wow congratulations, your wife must a be saint. lol
Love your channel and I totally agree how you can spend so much on needless stuff
Thanks Mary
Happy 💯 th! Happy Anniversary 🥂. We’ve had well over 100 several times over the past few weeks. Americans are always so surprised.
Hi Jen thanks TFW hope you are staying safe and keeping well have a great weekend Cheers 🍷🍺😎
I’m really enjoying your videos. While this is only the third I’ve watched, I’m looking forward to seeing more.
Have a great weekend!
Awesome! Thank you!
Nice sharing ideas. My home is small and tiny plus mortgage is still hanging and nowadays the covid19 crisis, not I could do.
Thanks for dropping by we appreciate it have a great week 🍷
I have 10 years to go but this video was very informative, thank you.
Glad it was helpful!
It works if you can easily rent in the area you live however where we live it’s very difficult to rent somewhere. But if we emigrate to Australia we will rent our expensive place out and use just 2/3rds of that rent to pay for a similar or better place downunder near family.
Good luck with your plans!
Thanks for taking the time to divide your videos into playlists. Just fyi -- In the playlist titled "F.I.R.E. - Financial Independence Retire Early," there are 23 videos listed, but the last one is marked as a "private video" - not sure if that was added accidentally, if it's intentional (maybe for a select group of watchers?), or if the settings might be wrong. (I want to soak up all your videos/information, so I thought I'd pop in and mention it. :) )
Thanks for that! the reason it’s marked private is because it’s scheduled to come out tomorrow Saturday at 11.45 when it will become public . Glad you are enjoying them Cheers 🌺🍺🍷
@@ThisIsOurRetirement HAHAHA well now you KNOW how addicted I've become ... I'm looking for videos that haven't even been released yet! :-o Thanks for the reply.
Thank you so much to share this story with us. congratulations for your 100 Video on UA-cam.
We are glad you enjoyed it TFW hope you have a lovely weekend 🍷🌺
\Congratulations on your anniversay and your 100th video!! I would find it difficult to move to an apartment because we love flower and vegetable gardening, being outside just puttering around. Although we are definitely looking at downsizing to a smaller home and further away from the city. Our property taxes have gone up astronomically and new homes being built up causing much more traffic. Ugh.
Thanks for watching , in our case we went from a 2000 sq foot Bungalow on 2 acres to our gorgeous 2 bed, 2 bath 1400 sq ft appartment, but we have a 36 foot balcony that gives us plenty of outdoor pottering. We just bought a Conversation set and also have a bistro set and eat out at least twice a day .Together with an indoor pool we have not looked back .
As you say Property taxes always go up not down, and new housing brings more people , we are in a small town it’s very peaceful, hope you are well and enjoying your weekend Cheers 🍷👍🍺🌺
congrats 45th anniversary ! very helpful video, you answered the questions I was pondering, thank you !!!
Glad it was helpful! thanks for the good wishes have an awesome week Cheers 🍺🍷🌺
Happy 45th Wedding anniversary Tine and Norm (wow) and congratulations on your 100th video. You have given me some good advice here, very informative. I love watching your videos in Portugal, it's our (family and I) favourite destination, sad we have to cancel our trip this month due to dreaded covid 19. Subscriber from London UK. Keep well and safe!!!😷 Thank you.
Thanks for watching and sorry to hear you had to cancel your trip we love Portugal but are beginning to think that even this Winter it might not be possible due to all the restrictions.Hope you and your family stay safe and keep well and positive we are making the most of staying close to home . Have a great week ATB 🍷👍🍺
Hi Gina, I know what you mean I had to cancel my trip to Portugal in May due to this Covid. Wishful thoughts for our future!
@@ruthlyons2370 With all the travel advisories in place it doesn’t look like we will be able to go this a Winter . Canada has been advised To basically go no where so we are Doing some local travelling and exploring Canada 🇨🇦 ATB 🍷👍🌺
I liked it 👍.
Thanks for sharing.
TAKE CARE OF YOUR HEALTH.
Greetings and happy week.
Thank you! You too! 😀😀
HI..found your channel and loving your advice. I am 55 from Newfoundland, 3 years away from reitring and looking for all the great advice my wife and I can get. We have begun to think about downsizing and when retirement comes we will be selling our house and dowsizing as we are not attached to this house. May be you can provide some tips/helpful hints on the travels you have done since retiring and how to travel in your retirement years...i.e. travelling on your budget and such.
When we took early retirement 5 years we managed to travel a lot ,doing lots of cruises , land trips etc it was wonderful however since the Pandemic that has all stopped . Due to the changes we knew we had to do something so we bought a trailer in October that will be permanently on a Lakeside Campground about 2 hours from our home . We will now spend our summers there and hope travel comes back so we can to a warmer place in the Winter . Enjoy your weekend Cheers 🌺🍺🍷
4:36 A cut and highlights cost $300!?!? In Ottawa? Is that the going rate for politicians and lawyers? Yikes.
Yes it was 💇♀️can’t believe it 😱really glad it’s a lot cheaper now where we live (LOL)😂 Happy New Year🥳🎊🥂Cheers 🍷🍺
hahah...I must admit I used to come out of the hairdresser and as I put my credit card back in my purse in a dazed state I wondered what just happened. So went grey, let the natural curls come back and now I have the Albert Einstien look!
@@Solo50plus Wow TFW I hear you with Covid I now just leave my natural curls no blow drying , the highlights are growing out but life is good 😌
Hope you are well have a great weekend Cheers 🍷🙂🌺
Congrats on #100, and happy anniversary . I am enjoying your videos. Most people don't understand the true cost of home ownership . A great option but you need a good plan like it sounds like you do. I realize I am watching this March 2 and you did this in July. I need to catch up on your videos. All The Best
Thanks for watching glad you like our videos, with lots of people all staying home lots of time to catch up on You Tubes LOL 😂😂have a great week Cheers 🙂🍷🍺
My house is paid up. All my taxes, upkeep electic water and trash is only $484.The cheapest apartments in our area are $525 not including electic and water so no staying in my own house is way cheaper!! Not even close!
So you have never had any repairs, cutting grass, shovelling snow replacing windows, garage doors, painting, buying annual flowers, replace roof shingles. That is great that nothing wears out in your house. Thanks for watching.
@@ThisIsOurRetirement I included paying for grass cutting in that amount.My roof being repaired was free by my homeowners insurance after a hail storm.Of course rugs painting or new windows will eventually be done but I can space those expenses out over time.
Don’t forget the capital released from your house will be earning 4% and would exceed that gap. Eg a house sold for £400,000 can be invested in a SIP with 4% drawdown is £16,000 pa towards your rent and bills.
You both are such a lovely couple! And so funny and matter of fact.
Thank you
Congrats on 100 and 45!!! Really great video. I am now looking around at retirement options as well. Planning on a new country and cheaper place to live as well. Totally agree on selling the house. I also have always thought of the house as my retirement. I actually had only been thinking of buying a smaller house. But you have now got me thinking otherwise 🤔 Also the reality is that as we get older (dare I say it) stairs and cutting the grass and painting - it all becomes more difficult. Always lovely seeing your faces 🤗 🌷 🏴
Hi Karen it is amazing the difference to your life when there is no maintenance i.e grass cutting,snow removal , general house up keep , the beauty here is if anything goes wrong you just call the superintendent to fix it !
When you are looking at options one thing we have is we have our own washer and dryer ensuite we loved that 🙂
Are you thinking Portugal 🇵🇹 by any chance if so we could come visit (LOL)😂😂thanks for watching and have a great week stay safe Cheers Norm and Tina 🍷🍺😎
can see why you did that we recently downsized selling our home to our son for his family to grow in we moved to a more central point for our work so solved my sons and our problem too
*got our like👍Au👍and a total view with pleasure*
Hi Billy that sounds like a great plan all round 👍TFW have a great week Cheers 🍷🍺Norm and Tina 😎
100 video / congrats. I have watch them all 🙌🙌🙌. And happy 45th. Hope to visit you someday. Love your country too. ❤️❤️. I’m here in the US and visited niagra falls Canada and loved it.
Thanks so much! 😊
My wife and I also thinking about selling house around or even before retirement, but we love it, but the money would produce income and we could live somewhere else for a lot a lot less
Thanks so much for watching ,it sounds like you have a good plan we did it and we hope you have a great retirement. Hope you are staying safe and keeping well Cheers 🍷👍🍺
@markito Make sure you do up a spreadsheet listing every expense for each plan. You have to take into consideration the factor while your money is invested in a house it’s appreciating considerably and has proven to be a safe investment. Since interest rates are next to 0 you need to invest the proceeds from your house into the stock markets to get any income. Stocks are a lot higher risk than real estate. You could very well lose your money in a market crash or if the company removes it’s dividend payments due to events like now a pandemic or bad economy.
Thank you for sharing your story. Enjoy your retirement!
Thanks for watching!
Hello Tina & Norman
Glad you are enjoying your 45 wedding anniversary and have a good time even in this Covid time .
You took a good decision in selling your house and having a good time with the money our time will come also soon .
Less stress and time ...taking care of the house more time for both of you !
Have a great upcoming week !
H&S 👩❤️👨🌈
From Boisbriand Québec Canada 🇨🇦
Hi Serge & Helene, We thought financially and emotionally that selling the house would be good for us, no regrets. We hope you are having a great time in Magog. Thanks for watching.
This Is Our Retirement
In a few years we will do the same ...Yes we had a great time we are leaving tomorrow morning!
Have a great week !
H&S 👩❤️👨
I think that renting vs owning depends on your stage of life. Owning a property makes sense when you have a long time frame for appreciation. At retirement, you can benefit from freeing up that equity and use it to generate an income. However that only works after having paid off a mortgage.
We agree Melissa thanks for sharing have a wonderful weekend Cheers 🍷🌺🙂
great ideas. We are still too emotionally attached in our home. Although, I know the day will come when it is time. ~ Diana
Hi Diana TFW we loved our home too , but when we had the chance to take early retirement and downsize everything fell in to place and we have never looked back , a great adventure. Hope you have a great weekend ATB 🍷👍🍺🌺
@@ThisIsOurRetirement Thank you! you too... I know the time will come; you put up a great video!
I guess it is an advantage to sell a house since you lovely couple likes to travel anywhere. But on the other side, there's no place like home.
Thank you for visiting us and commenting, the apartment we have is our home, we have been here for 5 years but do travel a lot while we have our health. As you say we always look forward to coming back home from our travels, no place like home. Have a great week.
Congrats on your 100 video!! Such a great milestone and so good to see you guys being good and healthy
Thank you hope you are both safe and well too 🙂
Love it Norm and Tina. Happy Anniversary. I am going to make sure Lindsay watches this. Stay safe and well folks.
Hi Dave, hope you and Lindsay are well, thanks for watching, this change has worked quite well for us, it won't suit everyone but has helped us travel a lot more and feel less stressed. Have a good week, hope the Scottish weather is being kind to you.
Can I watch from the beginning of your videos.❤️❤️
Have a happy Saturday 🍷🌸
Great advice! We will be retiring next year but are trying to sell the house now because we know we won’t be able to afford our current mortgage.
TFW selling now will give you choices, when you sell invest the money and that will generate interest to provide the monthly rent , when we sold the house it was amazing how different you felt Good Luck with your plans let us know how you do . Enjoy your week Cheers 🍷🍺👍
This Is Our Retirement 👍