I Think We Need to Let the Idea of RETIREMENT Die…So We Can Live.
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- Опубліковано 1 жов 2024
- Let's be honest, most of us are never going to retire. So why are we letting the idea of retirement dictate how we live our lives and the decisions we make?
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#retirement #retire - Розваги
I'm 72. My advice. Ease into it. Start downsizing early. Get your debt down, way down. Debt is what will bury you.
I agree with you 100%
Thank you for your wisdom
I agree. Live below your means, save money, pay off any debt. Do not go into retirement with debt.
That’s my mission!!
Credit Cards, unpaid mortgages will kill you slowly as you age. You cannot find a job easily at 60 plus 70 plus. You are correct that you wake without knowing what could happen each day. That Alcoholics anonymous just for today is for people who wanted to stop drinking and because looking at sobriety for another 30 or 40 years 8s such a tall order this slogan just for today was made. 401 k is important because no matter what you do you are going to get older and will need to go to an old age home and money is needed. Just because one saves money doesn't mean that one cannot enjoy life in 50s,60s etc. It's just you need to put aside some money and grow it in.markets,silver,gold which ever. All this enjoy today why save is alright for the moment but will haunt you later.
Retiring into a bear market is my biggest worry. With just $500k in my retirement savings, I'm scared that low returns could make a long retirement impossible. My funds might deplete faster than they can grow with compound interest. Sometimes, I feel like one emergency could push me into financial hardship. This video really hit home for me
I'm almost ready to retire, and having a financial advisor has been incredibly beneficial. Since I started investing later in life, I couldn't rely solely on compound interest from index funds. Nonetheless, I've managed to earn more than some long term investors. I'll be retiring with at least $5 million
Your advisor must be excellent. How can I get in touch with them? I'm worried about my retirement portfolio and could really use some guidance.
I generally avoid giving specific recommendations since everyone's situation is different, but I've worked with Emily Ava Milligan for 7 years and attest to her great service. see if she meets your criteria
I looked up her name online and found her page. I emailed and made enquiries. Thanks for the help
Dude... you have no idea how set you are. I work in IT and make good money. It takes so little to live well. I live off less than $2k a month and can easily live on $500 a month but if I want to buy the great food I want and travel as much as I want then $1500-1800 is good enough. I've lived on the road for 5 years now and I've only had one job for less than a year but made enough for me to live a life of luxury out here on this road just off that one job and it wasn't paying me crazy. But I don't rent, I don't pay utilities, etc.
I am fortunate to be US Army retired. I did 23 years and retired in 2015. Single, no kids. I was working a job that had 12-hour shifts, paid well. It was a beautiful day, I was looking out the window at work and asked myself, "Jim, what are you doing?" I crunched the numbers with my pension and investment income and realized I can live comfortably on it. So, I quit! I am now living!! Travel and doing what I want. The heck with impressing the world and this "high value man" crap. I load up my pick-up truck and go. I am 51 and in great health. Let's do it now while we can!
What rank did you retire in?
Well done that veteran!
@@Fernando-t8g I retired as a Captain. Reason being I was enlisted, then a Staff Sergeant promotable , then a Warrant Officer CW2, then direct commissioned. I was maxed out for Captain pay haha! The Army considers your previous enlisted time and puts you in a higher pay bracket.
30 years Army Nurse Corps, still work but on my own terms.
@@Fernando-t8g Cook 😄
I've said it once, and I'll say it again--The world is a better place with you in it. 💜
Wow! You just made my morning! 😁 THANK YOU!
I retired a few months ago at 63.5 years old. I worked at a large Telecom company for 20 years and and have a small pension from it. I also collect Social security. I knew it would not be enough to continue my lifestyle, so I sold my house, new truck, motorcycle , boat. All of these things were just becoming a financial burden. Now I moved with my wife to the coast of Ecuador. I bought a peice of land and am building a house, all cash. That is how I got out of the rat race.
I too practiced geographic arbitrage by retiring in my late 50's and moving to Mexico. Best decision I've ever made for myself. I started collecting my SS at 62 and have no need to touch my savings. I am able to live like a Rey (King) near a few good surfing beaches on hundreds of dollars less than half of my SS and continue to quickly build my savings with whats left. I am saving much more in retirement than I was able to working full time in the US! It really comes down to quality of life.... y mi vida es buena... Buena suerte!
Great , thats what i did , dept free , retireing in 2 years .
Enjoy life .
Good for you!!! God bless.
56 and just came from Cuenca---putting in for visa there in a year. I contract 20% of my life in the medical field but that i going to be gone in a year or two as well. Plan to settle in Ecuador as well. People don't get it--it can be done with a little liquid courage
BOOM!!!!!
You don’t need a million dollars for retirement. That’s a major false narrative that keeps more people chained to working much longer.
The key is to embrace living on less.
I read an article the other day where this financial advisor said that the people who saved up a million for retirement end up not even using all the money because they die before they can use it up. He was saying most of the time they only get up to using 200-300k of it and then pass away.
@@doctorx1924yep. If you have a mix of various ETFs and stocks, you’ll be good. Compound interest.
That's so true!
Better to have more than enough money than not enough later.
Absolutely. Simple living. Growing your own stuff, having tons of fun und living healthy and don't give a sh.. about the dysfunctional system.
I'm 73.
One of the biggest concerns for folks who want to ditch the corporate hamster wheel is health insurance, and in my humble opinion, tying health insurance to full-time employment is a major contributor to holding us hostage.
👍
The other shackle is the 30 year mortgage.
@@joannabusinessaccount7293you misspelled ‘Shekel’
@@damonmelendez856 Brought to you by American Spelling Bee in Washington.
100%
I had 2 co workers that insisted that they were going to work until they were 65, so they could get full Social Security benefits. Both of them died . One died at 63 and the other 4 months after turning 65.
Me? I took retirement at 62. I live as a low income person, but it doesn't feel like it. I get to travel, when I want to., go to festivals, concerts, and indulge in my hobbies.
You are blessed 😊
I'm 54 but got hit with sudden disability 7 years ago. Homeless and last couple years found out the deal with ssi etc = what's called a System Fail.
You don't have occasion to know all these things up front, so if nobody tells you...
I've still managed, barely, but managed to get into a camper with my partner and cat, and though it shouldn't be this hard, it's still worth it to have some kind of agency to figure out how to get the best health & options in spite of everything else.
❤
Me too
I'm disabled/retired at age 51. The stress and wear and tear was rough on me when working. Plus all the negative media they constantly push makes many folks lose hope. When I try to find a partner they almost always judge me as soon as they here retired at 51. If I were broke that's one thing but I'm not. Perhaps we all will need to be more flexible in the future. 🤔🙏
I took retirement at 28.
27. Pulled mine, took the hit. Bought land, cabin that’s paid for. 100% off the grid. No bills. That’s rich.
Sounds awesome!
Off grid would probably suck.
@@sethpawlik It really doesn’t. We have solar electricity, hot running water, wood heat, air conditioning, fridge, freezer. Everything a “traditional” home has only far more affordable and sustainable. My wife doesn’t have to work ever again, and I don’t have to work 40 hours a week.
Thank goodness you had something saved to cash in.
Congratulations. To each their own I say. Obviously you can imagine not. Everyone wants to live off grid. For a variety of reasons living off grid doesn’t represent freedom to most people. Most people live within the city or town. Because they have a job or they want to be around people, or they like going to the grocery store and some of the other convenience of being in town. Some people enjoy their job and the fulfillment that comes with it worthwhile. Not everyone is trying to retire immediately.
My mom worked so hard to raise 6 kids on her own. When the youngest turned 18 I asked her to retire. She stayed out of debt so she was able to retire in her early 50s. She lives stress free. She's involved in missionary work with her church. We all pitch in when she wants to travel. I'm so happy to see my mom stress free. Thank you Jesus. I hope to take her to Machu Picchu Peru 🇵🇪 next year. 🙏. Enjoying you "Golden Years" is an American to enslave us in the corporate world. How about we enjoy 😉 life while we are young & healthy. Lets enjoy & appreciate the fact that we are alive & have food.
"I want to fund my lifestyle until I don't have a life to style." I love it! I am using that one.
If many Embraced this way of life... there would be so many happier people...with lower blood pressure and stress!
So true 💪🏿
Exactly!!!
And fewer Billionaires! Which we don’t need anyway! Imagine a world where being excessively wealthy was…. Irrelevant!
Health is wealth! And your job will use you up till you're dust. Always protect your health and sanity.
And better networking among us.
Solidarity y'all!
Bro I am leaving Monday on a 4-month trip all the way up to yosemite. I got a motorhome and my truck and I'm finally retiring at 50
Enjoy it!
Happy trails to you!!!!
Had I known what it's like to travel, sooner...well, it's just something I now must continue to do, one way or the other.
I've. Even RV ing for years and will be doing the same ASAP Leaving on my terms, not societies! Out of debt, on a roll!
I love this for you. Be safe and have fun.
Goals! Enjoy 😊
Life is like a large pizza and work should only be a slice! My dad is 75 been retired. Can't travel or enjoy life because he can't afford it, medication is too high etc. My aunt is 74 and retired, remarried and they can't afford to travel. She has a bad back and can't get around too good. They have worked so hard in their lives to prepare for retirement for what???? Neither one can really enjoy it. I am 52 divorced with no retirement. But I work my dream job as a landscaper and get paid to play in the dirt!!! They do not offer benefits and I am ok with that. You have to live for the moment because it will go by so fast!!! Live now while you are healthy! Get outside, get some sun on your skin and dirt in your nails. Don't put chemicals on your body or eat junk. Enjoy every moment and live within your means. Like Tim said, kill your bills so you can travel more!! Cheers from Kansas!!
@@rwdchannel2901 living by the beach is a dream! So you are blessed to have that when most travel just to see the beach.
@@thehedgerow My grandparents moved from Iola, Kansas to Ventura County, California in 1950. I was born here and have been spoiled by the 55F-85F weather. After having been in the US Army and traveling around the USA and Europe, I moved back to Ventura because the weather, bugs, and environment is really bad out there compared to Ventura County, California. I'm just far enough away from LA to not have to deal with that crazy environment.
If you're looking at moving you should look at the area from Santa Barbara to Ventura in California. You can probably find a private room near the beach for $750 a month. That room will probably include internet and other utilities for free. It's not as expensive as people claim on the internet.
I've looked into moving, but when I see I have to pay $600-$800+utilities in other states, where I have to use AC and a heater all the time, it's not worth the hassle because I'll be paying more money to live in a worse environment.
You said it the key here is not to put those chemicals in your body as you stated I’m 71. I play volleyball once a week. I play Pickleball once a week. I live weights and I’m a pure healthy eater. I outrun 30 years it’s all about quality of life, not quantity.
I agree esp in usa
@@songstresslight4036 amen to that!!
Most of us are working "prison jobs". If you can't wait for the weekends or your vacation, you are working a "prison job".
People don't work till they die, they work until they are disabled. We think of retirement as a golden age of freedom but its actually a moving target of when we will be too broken to move or function. There is a great book about retiring called die with zero that talks about how working till you die is not the dream. its based on the value of the dollar and how to make life meaningful.
Yep, I went from peak very athletic health, at age 47, to blindsided by disability. Found out the system fails in those regards as well.
You cannot always prevent or be forewarned of those things. With that in mind, there's so much one can do.
Until I'm dead. Until then, I'll figure it out.
I am retired, but as a 67 year old woman, I'm right with you! Who knows what tomorrow looks like? I'm okay living on less and enjoying my life NOW. When I finally said goodbye to my job I felt free. I may work again, still trips I want to take, but it will be on my terms and for goals towards what I want in life. As the saying goes, may you live until you die!
Indeed😊
I feel like I’m wasting my good years I’m 45 have been working for 27 years I can’t do it anymore
Most Boomers want young people to be working 12 hour days because they're worried about their social security drying up before they die. After they die they could care less if social security is gone and the people who worked 12 hours a day will have to work 12 hours a day until they die.
@@rwdchannel2901 thanks for the encouraging words I have given myself 2 years because I have a 10th grader left at home I don’t own a house couldn’t afford it I just want to live because right now I’m just a robot I also hate my office job no matter how much I exercise the weight never comes off because I spend too much time sitting I just can’t do it anymore
@@rwdchannel2901I’m really happy for you 🥲
truth be told, who's to say you'll even be alive in your 50s and 60s cant predict the future so why worry about retiring
Facts💯
True! But if one gets to that age with no money, I cannot imagine how difficult live would be.
I don't wanna be a Debbie downer, but most people in the United States live past 80. If you live here, you have over a 90% chance to be alive in your 60s. You should live a life that you can be happy with today, but maybe set a little aside for future you if you can. They'll thank you.
I'm 46 and take 3 holidays a year ,I like my job ,save for the future so all good.I have left jobs I have hated and spent time not working where I did a lot if drinking. I need discipline and knowing I am making money makes me happy
@@abebluestein1567life expectancy in the states is below 80 so half the ppl will never see that age.
The Japanese Island of Okinawa has the longest life expectancy, and they do not have a concept of retirement, as you get older you do an easier job.
I just read about that. Okinawa was one of the 5 Blue Zone regions with highest life expectancy. It’s an awesome book!
@@insearchofveracity2304 IKigai?
@@waynespence9122 been a little while since I read the book. That word is reference to “why I wake up each morning..” correct? Ha
@insearchofveracity2304 you could say that, however a more accurate translation would be "what's my purpose"
@@waynespence9122 that’s right. They phrased it 2 or 3 ways in the book, but that was the cardinal point!
Stress and anxiety hits so hard these days that it effects your health to the point where you can't stay on these jobs until retirement. These days you have to walk away and choose your sanity.
Amen! ❤
Sooo true. Thank you
Yes!
Amen to that!
Love this 👊
I'm digging how you just walk in the videos like a badass. Always dropping the knowledge. We love you, Timmy.
Love you too Wolf!
@TimothyWard hey thanks for saying that Timmy💯❤️
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as a Gen-Xr i learned the "hard way" , that the old system doesn't work anymore.
I tried my best to achieve the same lifestyle that my boomer parents did, but it just wasn't going to happen,
so i had to look for an alternate way of living that gave me happiness and I found it. best wishes.
@JKNitro-vt5qs work towards becoming as self-sufficient as possible. the old system is not there for our generation.
its a scam.
@@frankprit3320 I've been putting some thoughts lately and the end game is just owning anything has a direct impact on yourself. Woke up at 24, not having much accomplished, finished college but nothing...
I've been saying for a very long time, retirement is a scam.
True. Social Security is being run as a pyramid scheme.
Society is a scam.
I retired at 36, it's def not a scam. Waiting for traditional retirement is a scam.
How so?
Marriage is a bigger scam in the us
I am soon 47 years old, on governmental disability benefits, homeless in Norway, but my life has never been better, i live alone in the forest and my mental health has become better due to not worry about work, angry boss and so on. Life alone is good
I'd love to visit the forests of Norway. That's a better place to be than any city.
Don't they have a social safety net? Isn't Norway one of those countries that give free safe housing? Not saying you're lying but I heard many other countries have ways to avoid homeless being so.
@@destroyraiden There is no free housing. It's more complicated than that. I live in Finland where homelessness has practically been eradicated but housing is not free. There are benefits but they are low, and if you have any health issues needing specific diet (for myself carnivore) the benefits are not really enough to live off. Not being able to work due to disability means living in poverty as cost of living can be quite high.
Glad to hear your life is good despite the setbacks!
@@henna7216 Thanks for clarifying.
I’m 71 and retired for seven years. I’ve learned that as a responsible dad and husband I failed to learn what it’s like to have fun. The very definition of fun is strange to a lot of men. Redefining this word is step one. First, you need to recognize what makes you happy. You can then, define fun. Taking care of yourself is the first thing in having fun. Don’t be fooled. Your health will dictate the quality of your death, not the quality of your life. My dad, for example, was sick for about eight weeks before he died because he was healthy. People that don’t take care of themselves takes years to die. Your identity will be redefined. For example: I hang around with 18 guys who have become good friends. Not one of these guys, including me, could care less what you did for a living and how much money you have. Whatever you did before retirement is not important at all. It’s time for a redefinition of yourself.
I really enjoyed your comment. You are so relight about redefining fun. I’d never really thought about it like that. Your friend group sounds amazing!
Well put.
I am 31 and already feel that life is barely worth living. Imagine how the world will be in another 50 years. I've never had a real job and I never will. I scrape by earning a very low income doing my own thing, as i'd rather have free time and retain my autonomy. I refuse to conform to this wage slave rat race. Life is hard for everyone and most of the time it feels utterly pointless and painfully lonely. I only really live for food, to run and to hike. That's it.
Life sucks
@@Italiangirlnj747why the negativity? In the overall big picture life is awesome and amazing and one of the most precious gifts 🎁 in the entire universe.
You might needs to try to change your living situation and scenery to a more positive environment like I’m trying to do. Wishing you all the best in life 😊
Try to get yourself some property, even if it's only land, that's yours. Built a little dinky house or put a trailer on it. Then enjoy your 30s. Take this from an older fart
You’re filled with negative emotion, thats the main issue that contributed to the lens you see life out of now
And if you do retire, you'll be stressed about how much money you have and trying to make it last. I think the best you can do is get yourself debt free with minimal expenses and work part-time in semi-retirement. Work for a while and build up some cash, then take a few months off. Or work 2-3 days a week only.
Yeah I agree work can provide some purpose and we need money
Thats exactly what I've been doing for the past 4 years. Debt free working 20hrs/2 days a week!
First of all i'm Canadian. Two years ago at the age of 55 i decided to put together my 10 year work/retirement plan. I have worked for the last 37 years (never been unemployed) and have always made less than 40K per year. The last 3 years i have worked in the food service industry and in the past have worked in retail for 15 years, 12 years in hotel hospitality and 7 years in senior care. The hustle culture of working 50-60 hours per week is no longer appealing to me. I'm done chasing money. Life is too short, so i came up with the plan of working until i'm at least 65 years of age by working 3 days a week x 8hrs/day (Wednesday, Thursday & Friday). I'm on year two of this plan and loving it. I no longer let work consume my life. I'm done being a full time corporate/wage slave. I'm enjoying my extra free time while i still have my health and while also keeping a low taxable footprint. Money is not everything!
I love this comment! Thank you for sharing your story. This is exactly what I’m talking about. Figuring out for yourself how you want to live and coming up with a plan that works for you now and in the future. You are a rockstar, my friend!
I'm attempting to transition to this now. How do you find a job that allows your work days and hours please. I'm struggling to find matching daily hours. Thanks
I started 40hr/5 days then went to 30 hr/ 3 days now debt free working 20hr/2 days. create the life you want to live!
@@garethwilliams6474 You could say i was at the right place at the right time. My employer gave me the option of choosing the amount of hours and which days that worked best for me. I know not every employer is that flexible. Good luck in you search.
@@garethwilliams6474What hours and days are you wanting to work?
My advice. Find a profession you enjoy doing and continue to do It as long as It makes you happy. This was a good part, anyway.
Sold it all (4K SF house, we owned our two vehicles outright, no student debt, and the pets had died…) and lived ‘van life’ for almost three years w a 6 yo, my wife, and me. I was over working; not overworking, but done with it. We were smart, frugal, and visited 46 states, and eastern Canada…spending quality time with both sides of the family. And homeschooled during that time. COVID broke the vibe, but there is no better time than the present to LIVE.
Balance, it’s called balance
As Les Brown says”it’s better to be prepared and nothing happen then not be prepared and something happen”
I took all my vacations, never worked on my birthday…etc but saved for my future because there are no guarantees either way.
My father is 98. My mother passed away at 88. My grandmother passed away at 98. I have a future to look forward to. I take care of myself. I played volleyball once a week with young people 40 and under I played pickle ball once once a week I live weights and healthy eater. It’s quality of life not quantity. I have no elements to complain about.
I am retired and enjoying my life just as much as when I was younger if not more.
BALANCE , It’s called balance
Excellent!
Ditto
In all things, really, if people only knew.
Balance.
I did notice that some people will go to work to avoid reflecting about their life. So I think staying busy can be helpful, but at the same time we do need to reflect and know what we want out of life.
So true thank you
Great point Ricky!
This is true.. i go to work to avoid how socialy empty it is outside of work
@@Gemisnotmyname I know a woman that works at a store I frequent. She has been frustrated in her job but says all her social life is there. Think that can be common.
The thing that happens is that many of us have a rich social life and good friends when we are young because we are paired with people our own age with many similar interests and outlooks. It is very easy to make friends in this scenario. Then people start dating and the friendships get more challenging. Then we get out of school (whether it is high school or college) and our age group is "scattered to the wind" and we are working with people 22-70. Then our friends get married and move. Most friendships quickly fade away at this point. It is very difficult to make friendships at this point. Now, most of our social interaction is through work and those interactions/friendships are fleeting. The older we get, the more alone we are in your thoughts, and for many the past experiences can be overwhelming to deal with. Thus many seek relief in work. It is good that we stay productive when thoughts are bogging us down rather than going to the "bottle"; however, as you state, it is ideal to reflect on our lives, deal with our emotional baggage, and seek what gives us joy. Have a great day and God Bless.
I retired at the age of 62, but I am comfortable with what I receive from my pension and retirement. Enough to keep me afloat. Riding my mountain bike, walking, playing the clarinet and hanging out with relatives and a few friends are even more enjoyable since I do not have to get up and go to a job. I am definitely stress free. Find the peace that makes you happy! Thank you Timothy for bringing so much creativity on how to live an easier. happier, and stress-free life!
I never thought I would retire early. I was just 55 and working as an air conditioning technician most days I had to medicate because my body was getting abused at work and this happened everyday. My wife worked full time and is six years older than me. One day my wife said that’s it I’m going to retire and I thought how are we going to live on my income? So we got with a financial guy who looked over our finances and when he was finished he just said okay when do you want to retire? Sometimes you just need to get professional advice to help you understand your finances. We both quit our jobs and traveled for a year we sold our house in the suburbs and bought five acres of land which we are now working on. It’s not perfect but it’s better than working and I don’t have to medicate everyday 😊
I have health problems so I may not even live past 50. I’m trying to enjoy every day that I can. I’ve been really fortunate to have lots of great things happen lately. You’ve gotta cherish each day you have
Hang in there, my friend. Keep fighting and keep enjoying life. You are in my prayers 🙏🏾
What about the desire to make heaven in the afterlife?
@@TimothyWard I'm an atheist . Not interested in heaven . I know the now is all I have. I'm very scared of being dragged into heaven even though on merit.... Existing for ever just singing praises to a master is frightening .
@@xtopher960 Atheist also. Not to fret, heaven comes from Egyption concept of afterlife process where, once past having heart weighed by Truth, you get to pass onto next journey that can lead to Aaru, a land of reeds, where the gods also reside, everyone together eating & enjoying the same things.
So, I find that charming, as a story.
I'm 42, and a couple of months ago my 45 year old brother dropped dead of unknown causes while playing video games with his friend. It really made me think about how many years I might ACTUALLY have left. I'm looking more and more at alternative ways to live. We aren't guaranteed tomorrow. :(
I’m really sorry 😞 about your older brother and hope he is resting in peace ☮️
Damn that sucks. I’m 52 now and game everyday. I could die playing my games. Their fun, but can bring stress.
I’m so sorry for your loss. My husband collapsed a little over a year ago while sitting at his desk working and was just gone. He was only 52. I’ll never get over it. It changes your perspective on life and we really don’t know what tomorrow will bring
So sorry to hear about your brother. My prayers go out to you and your family.
@@TimothyWard Thank you.
From a 63-year old retiree…your philosophy is right and you are an inspiration.
Thank you!
Bravo! Just been laid off at 50 - had pension and 401k. It’s all gone now.
How is your 401k gone? That's yours, not your former employers.
@@theshapeexistsright
were you not vested in your pension?
I’m so sorry 😞 to hear that and wishing you all the best in life
@@theshapeexists I'm guessing since he's laid off he didn't have any other money set aside and he cashed out his 401k and took the penalty hit for doing so.
Currently retired, bought into the "Golden Years" . Guess what? Fools gold! I look at young people that are traveling, hiking, backpacking, etc.. and I think they are enjoying life to the fullest while they can enjoy it. I wish my body would let me do more than I am capable of doing now. So some regrets, YES. worked my ass off, financially secure but missed some of life's great experiences due to work.
The promise of SS is the carrot to keep the old horse trudging along.
True. Many people spoil their best days for an uncertain future.
I love this message. When I was 18, 21, 27, I kept wanting to live an alternative lifestyle- but even the idea of doing that for ONE year was met with “but you have to start college”, “you’re already in college why would you stop”, “your career is finally picking up, this is going to ruin your progress”…
Here to confirm, there will always be something, and unhappy people will always be first to bring you down.
Frankly, I’ve never believed in retirement. I don’t even understand it. Why would I want to sit and post pictures of my feet on Facebook? My plan for retirement, which is coming up soon, is to get my PhD. Immersed in the academic environment. Living in a tiny studio apartment, spending my life in the library, listening to lectures, writing, publishing and learning. These are my favorite things to do, so I live frugally and squirrel my resources away so I can bankroll this when the time comes. Staying focused on my goal creates a wonderful life for me right now while I prepare for this wonderful life in the future!
This is exactly 💯 how I feel and where I found myself and I thought I was alone. Thank you
You're not fooling anyone! That sounds just like retirement to me.. doing your favorite things you always liked to do and then having more time to do it. Buena suerte!
I fully endorse your plan. I will do something very similar. I'm currently 58 and still thoroughly enjoy working as a nurse. I will study and learn until the day I die. Maybe I will retire and become a doctor. You never know. Lol
Exactly how I feel also. I have a job I like and it gets me out and keeps me active and moving. Keeps me young! The people my age that are retired look older than the ones still working. What the next stage after retirement…death. Lol
Retirement is about freedom! The cliche of the farmer retired sitting on a rocker on the porch only to die two years later is not the retirement we should strive for.
Not gonna get mad, not gonna be rude LOL. I retired early. At 51, and I am sooooo glad I did. I will NEVER look back. Retirement is entirely possible if you are intentional. I'm not a millionaire. I did make a decent salary. I started off quite meager too. Former Navy and veteran but only 5 years in. If you keep your debt low or non-existent, own your home and vehicles. Don't succumb to having everything new. No mc mansion. It is entirely possible. And I've lived the entire time. Let's see, Aruba, Jamaica, Mexico, Costa Rica, Vietnam, India, Colombia, South Africa, Montenegro, Ireland, Spain, Brazil, Portugal, France, San Andres, and I could go on. Spent 37 years with one company, no pension, just modest investing, and living within my means. I think the message needs to go out there that you can both live in freedom and retire if you live within your means. I moved around in the same company every 5 years or so. So never got bored. Didn't love corporate America, but it got the job done. Oh... and I don't plan on slowing down at all... 🙂 I did it for precisely the reason you said, I've had that longstanding thought of I may not live to do it later. So I've done it all along. I remember well people living their lives through me. Every time I went traveling, they were all googly eyed like whaaaat... I've always looked at them like I really don't understand why YOU aren't. Whatever your passion is. Do that.
I’m right there with you, plus with an employer that pays me 8 weeks of vacation a year I use it 😂 live your life now !!
I’m 59, my wife and I retired at 57 from the US Postal Service. We moved to Eastern Europe and are living very comfortably. The greed of capitalism, corporations and the billionaires have destroyed the working class ability to retire, at least for the majority of Americans.
Don't know why you were in my feed... but I don't care!
Inspirational...
SUBSCRIBED!
😁😁 Welcome to the channel/community!
Great topic, Tim! I definitely believe in this. Especially if you have lost loved ones or people close to you. When you see people pass away, it gives you a different perspective. LIVE now, be kind to people, patient, travel (even within your own state), eat delicious food, go volunteer, find an exercise you love and do it at least 3 times weekly. Definitely budget, and save some, but enjoy this life.
Words of wisdom!
Keep breathing. Live below your means.😂
Preach it Tim! I was let go from a job last year. Looking back I was not happy with the pay or the environment, so it might have been a blessing in disguise. However, I landed back on my feet.
Glad you landed on your feet!
The best thing anyone can do, before deciding upon their savings/investments and life enjoyment ratio, is to get their total debt to zero. Once you do that, your overall cost of living drops dramatically and you don’t have to save as aggressively to be able to afford to enjoy your golden years. That will allow you to balance planning for your future and enjoying life now. Always best to find a happy medium
We’ve been socialized to live in fear and we have to unlearn this and learn to live from love and curiosity
It is all about curiosity and respect ✊
I retired 20 years ago, my boss didn't notice yet 🙃
😂😂
I have laughed so hard! This is the absolute truth. We have boiled our lives down to retirement. It’s good to plan for it but don’t let that be the only goal in your life. LIVE.
What's up my Brother? I just love the title to this video. You see, I'm 72 years old and I'm not ready to just lay down yet. I got things I like doing and things I want to do. Now, back to the video.
I don't think the idea of retirement needs to die, but be redefined for the 99% of us. That's pretty much the point I took from this. I'm starting to feel this way too since long-covid. Careers are done, pensions are pretty much gone, and the 401(k) is not safe either. The new wealthy is going to be minimalism and maximum mobility. Modern society is in a death-spiral and does not work anymore because the social contract was broken a long time ago.
Don’t know how long you’ve been vlogging, but I just found you and you’re so refreshing! Making me think a lot about my life.
SPITTIN TRUTH!! Watch it again, people. The man is bringing it. Pray unceasingly, Patriots!
A man will break his health down trying to get wealth and then he'll turn around and spend his wealth trying to get his health back -Pastor S.M. Lockridge
Great quote!
I agree, working full-time is a scam, id rather work 3 days as a minimalist enjoing the basics of life, working out, sun, coffee ect. Even enjoy working those 3 days cause ive had time to recover.
That’s pretty much how I’m planning to live my life. I’m 20 and still live with my folks and pay generously low rent, but I’ve been grinding side-hustles and working since I was 15. I got screwed over with some jobs because of the mess in the beginning of this decade, but I have discovered seasonal jobs. Right now, I work a part time job 9 months a year that gives me 30 hours a week give or take. I get out at noon and can enjoy the whole day, but I try to get at least 10 - 15 hours of gig work just to get more money. The good thing is I can choose when I work and when I want to enjoy myself.
I live pretty frugally only fund my hobbies, rent, gas, and food. I have saved enough money to buy like 6 acres off-grid in the hills, and that’s what I intend to do this year or the next. All I need is a little cabin or trailer, I haven’t decided yet. I plan to become a homesteader because food is becoming outrageous, and I don’t eat junk. I enjoy being healthy and able to do physical activities so I only eat organic foods or foods with fewer ingredients. If I could grow 70% of my food, my cost of living would be so low that I could just work gig and seasonal jobs. Pair that with low taxes in the state I’m looking at and no utility bills, I might have a chance at living. I wouldn’t have utility bills because the properties are all surrounded by forest (hunting, trapping, and fishing paradise.) I would use septic/modern outhouse and grey water system, solar/occasional generator in winter, and rain catchment or spring water if I find one. I’m not lazy when it comes to working on things I’m interested in. Luckily I went to vol tech so I know how to do most things myself. I am also a creative person and I see raw land as a blank canvas to build something amazing.
Also like you said, the future is uncertain. My generation will probably never see retirement like the boomers did, if we even make it that far without some kind of war or catastrophe happening. I’d rather live in the present than constantly worrying about the future.
Wow you're 20! So lucky..only advice I can give is invest in stock market, and work on side hustles...you will be loaded in 30s, if you start investing now..
"Sufficient unto the day is the evil thereof." Matthew 6:34.
I chant that to myself a lot, every time I start worrying about whatever nasty surprises tomorrow might be holding in store.
Yes, you are correct.
Most of us are on S.S. and our investments went south.
We need to rethink the whole retirement thing.
I laugh at these folks with $100,000 trucks, $350,000 homes.
We have lost our F-in minds.
Thank you, much respect for saying it.
I am with you 💯 on this one. This morning I had a conversation with friend who is frustrated about trying to retire. 41 years with the company and she is begging to leave a few months before her retirement date.
She has been pushed from office to office for almost a month and she is at the end of herself.
If she leaves even a month earlier her pension gets reduced. After 41 friggin’ years!
Please make this make sense.
I've been retired for 2 and a half years. I miss the people the building but not the work. House paid for. Pension,SS,403B. Retired at 62. I want mine NOW!!! Its great to retire from a job I hate with a passion.
Totally get it. It took me almost a year to recover physically and mentally to recover from a job that I grew to hate.
@@churchofpos2279 I have two bad knees, bad disk in my back. Having trouble straighting fingers on left hand. Time for me to go!
I’m 44 and only finally realized retirement isn’t going to happen for me. I tried, am still raising a family. There’s just no way at this point. You make a lot of great points.
Pay off your debts and save !! You can make your own retirement
Don't "plan" to work til you drop. An injury or layoff can sideline you.
When my wife and I were dating in our early 20's, we saw all the tourists in their 70's barely able to walk wandering through our town.
We sold everything, got backpacks and flew to Europe.
Ended up there working and traveling around for a decade.
We enjoyed our youth while we had it and even though I'll be working till I die like most of us, I don't regret anything about it.
seems like a wonderful trade off.
❤
You are spot on with the slavery analogy. George Carlin once said the powers that be want us just smart enough to make widgets, but dumb enough to do it till we die. Even a honey bee has a better quality of life than most Americans. Oh, if I could go back in time and have a real conversation with my 18 year old self.
Male honey bees die when autumn approaches, only the female bees survive the winter - most of them die
Live now. Great advice. “I want to live the kind of life I never need to retire from”. Saw that years ago on another UA-cam channel and it stayed with me.
My parents were born during the Great Depression; both of my parents worked up until dying. Dad worked for the government and had a pension, but Dad never got to use it. Ma worked a series of jobs, she didn't save money, and she bragged about getting Social Security. The SS checks weren't enough, and Ma worked PT jobs to supplement that money.
I'm semi-retired, and unfortunately, I had jobs that didn't allow me to do much including saving money. Many people didn't because situations happen before becoming seniors like job loss, health issues, financial issues, etc., took what savings were available. I have a college degree, yet like most people, that degree didn't do much for me to get me ahead. If I had waited until my full retirement age to collect SS, I still wouldn't have received a substantial check.
Think outside of the box==go overseas--you can live off SS in many countries
It makes sense that if you take care of yourself and don't work yourself into the ground, you can live a longer and healthier life. You can work part time as long as necessary to fund your basic needs. Why should you ruin your health to make it to an older, retired age, and then die a few years after? Makes no sense.
My husband passed at 43! I was left a widow at 37.. honestly if it came down to me being broke at 70 I would rather go out with a bang & take whatever money I had left & go on the most amazing trip of my life & then just end it myself my way! Why the hell would I wanna live out my old years broke?! I’m gonna enjoy my life & follow my dreams & I don’t give a fk about what society says! Society wasn’t there for me in my darkest hours so it can kiss my 🍑! We should all be free to do whatever we please! This mentality of slaving away in a job you hate just to live your old years (which you may not even live to by the way!) is ridiculous! Go tour Europe now when you’re young! You can’t do shit like that when you’re old & decrepit! If the government is telling you to do something.. then it’s in THEIR best interests NOT yours!
I am 52. Went through a divorce 4 years ago and started over with nothing. I have been paying $1600 a month child support and going through that divorce, it lead me thinking about how short life really is
Right now I can walk without pain,but I can't run anymore thanks to Highschool baseball ⚾ and countless hours in the gym when I was younger 🤣.
My point is this,,,, when a person reached retirement age, there is no chance you can enjoy what you worked so hard to gain because your body is old. This video is spot on!!
I take two trips a year out of the country,,,while I am still able to walk and see things. I can tell you right now,,,, when I hit 62,there is no absolute way I will be able to do what I am doing now.
I have a pension. I have a 401k on top of that. However, that means absolutely nothing when your health goes south.
Love the channel!
Marriage scares me...why can't we live happily ever after? Why did you divorce ?
@@smann7236 Marriage is the worst move for any sane man. It's almost inevitable that you will divorce.
this guy lives in the forest rent free.
Works and lives in employee housing in and around national parks
Works and lives in employee housing in and around national parks
My retirement plan is to work a remote job part time.
So true. Don’t put off enjoying life until retirement. Enjoy now while you have your health. Ive seen so many people pass young . Thank you for the reminder! 💗
Thank you for taking the time to comment and share your views Desi! 🧡
This came along perfectly
👍🏾
It's time to choose how we downsize and live with less, so that when we're older and resources are more scarce, we are already living a comfortable adjusted life.
Reduce lifestyle by choice now and it won't hurt later.
1. Get used to shopping grocery salvage and thrift for fun.
2. Start growing herbs and veggies for fun.
3. Swap, give away to friends, and share a lawn mower or weed eater for practice.
4. Repair your clothing and gear. Learn to hand stitch.
5. Become weirder and less defined. That is fun too.
This can actually be enjoyable.
But BRO what about your 401K and your ROTH IRA!!!??? How dare you ask us to live now and not toil for the CEOs and "Big Bosses" who... surprise surprise are living their best lives every single day while we build up their treasure chests and portfolios.
😂😂
You'd be building YOUR OWN portfolio and paying WAY LESS in taxes if you USED those 401k and IRA accounts!
But no, kick the door of opportunity closed, then yell and shake your fist at "society"!😂
Everything is a choice and it is Free. Pointing at others (CEO's, bosses, co-workers) will not make it easier. How do you know life is greener on others or other side? If you know, you might be surprise you are way better off than those you are pointing your fingers at. Everyone is given The Opportunity of Choice
Even doing something like taking 6 months off, you're told that 'gaps in resume can impact your employment'. The entire system is designed to scare you into a life of servitude. My wife and I are late 40s, we've realized this and we're scaling our lives back to one of simplicity, one we can sustain without being stuck on the perpentual hamster wheel.
You are so right about the system being designed to scare us into following the rules and living a life of enslavement. Glad you are your wife are breaking free!
Couldn't agree more! 54 and been side hustling for most of my life. Society, family and all look down on those of us who choose to be happy rather than chained to a career we don't like or even hate. It's a struggle sometimes but I would rather change it up and try different things than be stuck. Love your videos! Thanks for the validation!
Keep doing you my friend! Never get stuck!
My wife and I are doing well. House, 2 Toyotas and credit cards paid off.
She has Medicare and I have VA health. Traveling to Spain this year.
That is the key‼️ BECOMING DEBTFREE ‼️🎉
Enjoy and Congrats! 🎉
Totally agree with this. I figure that when I'm 65, I flat out won't be physically able to do some of the activities I'm enjoying at age 50. So I'm making sure I get out to see the sights I want to see and accomplish things that won't necessarily be possible for me in the future.
I'm fortunate that my job is decent and allows for ample PTO. The last three years in particular have been very fulfilling in getting out there and doing things I truly enjoy.
Me too... I'm 56 and... "Technically Retired" except they're going to pay me $150,000 yearly for the next 5 years to stay AND I can leave any time I want😂😂😂😂😂. Y'all might want to start tithing to the Church. It's working for me😂😂😂😂😂
Retirement at 56 (9 years ago) was the best decision for me. I could have kept working and piling up more money but I had "enough". No alarm clocks. No ridiculous meetings. It's so nice. I'm building an airplane to keep myself busy. That's my only advice. Make sure you have things to do to keep busy. Sitting around watching TV for 30 years isn't a very rewarding retirement.
I'm only 33 and i can't do this rat race one more day
THANK YOU SO MUCH FOR MAKING THIS VIDEO! I’ve changed jobs often until something aligned and cut off any relatives or people who were in the way and judging my journey. 😊💙
Great video and advice. Thank you very much.
I have been retired from teaching for 3 years. Life is better than ever. Saved and have plenty to live well in.
You put your money into IRAs Mutual funds when taking the cash would have cost you 10 to 14% income tax back then but now a few decades later that money saved is needed and instead of 10 to 14% its 18 to 24% tax not counting all those regultory hidden taxes you'll be paying...
So tell me... Did you make money saving in tax free shelters or lose money?
Cash in a sock is only affected by inflation which so far has been transitory with the presidential election cycles...
Gold? Silver? Investments... Guess what... The government can take your gold at any time and pay you pennies on the dollar for it... They've done it before and will do it again...
Sooooo. Buck in your picket is worth 56 cents today but a buck three decades from now will be worth nearly nothing if anything at all...
Oh and Banks are folding up all the time now... How long will your bank last... Just wondering.
Question.
Are you ready for an underground economy where Barter will be commerce. Its coming folks just as sure as digital currency is coming...
Be prepared... Or become a digital slave.
IMO
Wow! This is the first video from you I've watched and I'm SO glad that I did! Tomorrow is not guaranteed.
Do you remember the saying tomorrow . Ma let's go to the park ma says tomorrow. you got your mother you said we could go to the park your mother turns around and says tomorrow. when you get older you realize Tomorrow Never Comes. You realize you're here today gone today because it's always today there's no such thing as tomorrow it's always today so don't put off what you can do today because when you go to sleep and you get up it's still today.
You are right.
I am one of the lucky ones.
I tell young people listen to Warren Buffet.
Invest too.
My problem
I am tired of high rent i was told it would go up.
I have had vans trucks 4 door trucks a 35 ft travel trailer now i really want to get in my car and travel.
Be a HighClass Homeless Person.
Been making test runs to the Coast of Texas
I have a friend that saids when she dies.
I told her i am dying
Everyday i live as if were my last.
My outlook changed January 15th when i lost my friend and Veteran of the USA
I rather fail then lay dying what IF?
Everyone is planning for a future that may never come.
I think gradually moving toward minimalism will let you both invest more before retirement and will reduce anxiety about not having enough saved up for retirement. You can have both, get out of the rat race to live happy and have enough saved up. It’s all about getting impulse buying under control now.
Exactly!
Agree
I took Social Security at 65.5 and decided to take the rest of the year off or I would have half of my Social Security taken away. I’m loving six months of hiking in three different clubs enjoying life. I kind of think I won’t start back up working January 2025 time is more precious than money so I get what you were saying. I don’t have enough money saved, but I live a minimal life. I don’t need a lot of things and then we have no debt. I already positioned myself for retirement. Everything in the house is brand new including the roof and HVAC so I think I should be OK.
I believe in balance. You need to save and do things that bring you joy. I have seen too many videos of people in their 70’s living in their vans. Their biggest regrets is not saving. Working hard and dying young sucks, but living into your 60’s, 80’s and 90’s with housing and food insecurity sucks even more.
You’re acting like working hard is bad. Working and contributing some service to your society, taking care of your family, is honorable. Also, by working hard, managing your money well, and having income you have the joy to be generous. You have a negative view of hard work. Hard work should develop character, responsibility. It’s not all about having pleasure.
Tim your right.i retired at 62. How much more would I have at 65? 67? There are no guarantees ! I saved 700.00 a month on gas and tolls here in n.j.