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@@kev13nyc no the other end

@@DontFightTheUpgrade it’s not for everybody but we love it here :)

I'll have to come explore the city this spring or summer and check it out. How are the summers & what's some areas to avoid? I don't want any BS or Riff Raff...I'll pay extra if I have to😂

@@DontFightTheUpgrade where are you from? It depends on what you want to check out. If you want to see skyscrapers and Broadway shows etc you stay in Manhattan. If you want the BK hipster vibe you’ll want to check out northern and mid Bk. Beyond that aka southern Bk is all real New Yorkers, working class authentic ethic neighborhoods, etc. and some ghettos. If you want the best food and ethnic culture you come to Queens. Western Queens next to Manhattan is just like Manhattan. Go beyond that to mid of queens and you have all the ethnics areas like above. Go out further and it gets boring Iike my area. Mainly residential. And sorry but most of the Bx and esp Staten Island are just not worth visiting lol. Sorry if anybody reading this lives there.

@@hz240 yeah we love it here. We love to travel but always miss home and esp the food :)

@@hz240 haha. Yeah I was being conservative I think. That way people won’t say I’m overestimating 😆. (Most people underestimate how much they spend on things over a long period of time) Thanks for dropping by ;)

@@RetireearlyNYC True indeed. If I had known better and properly invested rather than blown on bars/night clubs during late teens and early adulthood I would be creating similar social media content by now. Owning a car as a student was a massive waste of money as well. 👎 I would not encourage others to do the same. Thanks for keeping the vast majority inline and the occasional slap in the face wakeup call. We need to build the discipline to resist, Lt! 😂

@@hz240 trust me. I blew a crap load of money in bars in my 20s. And a new car. Those items are all on the list of videos to do. However, I don’t feel guilty about it bc I was always saving at least 25% for retirement. So, I’m not gonna tell people not to have fun. You can have your fun, as long as you save for the future :)

@@pennyshi6474 $80/week????? Is he nuts?? He’d better be a multi millionaire already! 😝

@@pennyshi6474 that’s $245K over 20 years. At 10% growth. Ask him if his hair is worth his retirement. (If he doesn’t have a retirement fund. If he does and he’s got a nice amount then spend away 😃)

@@RetireearlyNYC You are right. But he needs to talk to his barber every week. It's more like a talk therapy with a haircut.

@@HelloWorld-hb7yt hey congrats!

@@HelloWorld-hb7yt I have no special diet. There is nothing I can show you unfortunately. However being Chinese I do eat lots of fruits and veggies naturally. And I don’t crave sweets or junk food at all. So that’s a huge plus. I do gorge myself at nearly every meal lmao. And I drink beer with friends 3 times a week which is way too much lol. Thankfully I’m only a social drinker so I don’t drink when I’m home. You don’t want to follow my eating. I basically just eat as much as I want anytime I want. And when I feel too disgusted with myself I will make an effort to drink a smoothie or have a big salad before a meal. That cuts down on the calories.

@@HelloWorld-hb7yt Yeah seriously, the smoothies help to cut down on the calories. And sometimes to cut calories even more before a meal, I’ll have a fiber powder/water drink. Helps you poop AND takes up room in the stomach before you have a meal :)

@@HelloWorld-hb7yt as for workouts. Very simple stuff I do at home. I don’t go to the gym. I have put out a couple workout videos already. They were not well received. Maybe it’s time for another one. ;)

@@RetireearlyNYC - you looking pretty good for not going to the gym, I guess those protein shakes are helping heh?

@@zmanoman thanks!😊

@@zmanoman I guessed between Feds state and city we paid around 40%. Whatever it was, it was. Glad to have none of it ;)

@@RetireearlyNYC Ahhh... I see. Thanks.

@@plupyduplupydu1369 don’t be. I’m not 🤷‍♂️😃

@@plupyduplupydu1369 We literally lived in a 10x10 box in the basement when we first came to the US. My parents and me and my sister. This is nothing. That’s why my portfolio now makes many times my pension every year. And we basically only use my pension for basic living expenses. 😃

@@lakeeshacarter8608 thanks :)

@@Gerbs964 yeah it’s awesome. I hang out there at least once a week lol

@@Bonez1999 needed? Dunno. Lol. But that’s the way my buddy wants his places. Perfect. So that costs money. He changed every single inch of the place, from floor to ceiling. You get what you pay for ;)

@@HelloWorld-hb7yt definitely one of the more expensive coop buildings in town. But worth it. We nearly bought there. But the location wasn’t ideal for us. You get what you pay for, for the most part :)

@@RetireearlyNYC ya, I think for someone who is retired, paying $2500/month just for maintenance doesn't make a lot of sense. you can get a rental for $3200 for 2 bedroom in LIC, but smaller, maybe 1100 sq.

@@HelloWorld-hb7yt they’re a family of 4 so it makes sense for them. Plus his wife still works. Barely ;) And they saved a bit of money by downsizing from a house.

@@RetireearlyNYC - True...Enjoyment is also important. Maintenance is painful for a house.

@@bigtek896 Beechhurst

@@hz240 yeah we all figured that with upkeep, the monthly costs are about the same. But there’s no work involved. And he gets a pool, a dock to fish at or launch a kayak, massive garden, doorman, valet, etc etc ;)

@@vincentnnyc yes monthly costs are about the same as keeping his old house. But he doesn’t have to do any maintenance. And he did get a free 911 out of it. ;)

@@vincentnnyc Are there condos of 1800sf in Bensenhurst that cost the same as this coop? We sold a 1 bed 600 sf condo year ago near Bushwick for $550k, and a 2 bed 900 sf for $750k. And those places today are $650 and 900k. But yeah the monthly commons charges and taxes and insurance together are about the same as this place.

@@gnewt75 homes are not great investments;) It’s just a place to live and enjoy. And no it’s not near shopping and subway. That’s not what they want. He’s retired and she only has to drive to work once a week 😃

@@RetireearlyNYC I don't mean investment in the sense of getting a return or assest/liability. Just it's a better purchase than a home which all costs of repair come out of pocket and there's no other amenities. Plus there's security in the building, I hope! Better than a house in NYC.

@@gnewt75 yep!!

@@beatricerights yes you are right. In some ways they’re similar and other ways they’re not. But I view it as another retirement account. And different unions have different rules for their pensions. I had to contribute to it the whole time until they redid the contract and the city took over my portion, sometime later in my career.

@@beatricerights also, they need to pay teachers way more ;)

@@marciaolson2388 she’s alive and well! 😃

@@kev13nyc pretty much!

@@hz240 thanks! What region of Canada do you live in?

@@RetireearlyNYC just outside the GTA where the vast majority reside. Mont sainte anne is a nice European-vibe 🎿 resort in the surrounding QC region.

@@bobsmithers yeah it’s not a great time to invest in RE. People need to do their numbers. But too often they think REI will automatically make them money.

Montmorency Falls Park

@@byron9630 definitely not!! 1. We’re done working. 2. REI outside of our area just makes a complicated thing even more complicated;)

@@byron9630 definitely not!! 1. We’re done working. 2. REI outside of our area just makes a complicated thing even more complicated;)

@@RetireearlyNYC thanks for sharing Johnny. Honestly, it’s refreshing to hear that investment is not just real estate like everyone says and you can also invest in the market. Can you share about the investments that generate your dividends or give you the cash flow ?

@@zmanoman thanks for dropping by. Asides from my pension, my PT job pays for some luxuries like vacations. And we do have a certain amount in a high div index. Between those 3 sources, it’s been more than enough for us to live on, buy used cars, go on vacations every month or 2, and eat out as often as we want. :)

@@zmanoman the high div index (VYM) is the only “conservative” investment we have lol. Our housing expenses are so low that we don’t really need conservative investments. Everything else is a luxury and they can easily be cut out of the market crashes. But even at that point we may only need to cut down on the traveling. So not necessary for us to have any conservative investments ;)

@@RetireearlyNYC Thank you for your response. A follow-up if I may... If one needs to draw a monthly amount for living expenses, is there a preferred strategy to do that (i.e. sell fixed amount monthly from index or vym account or open a conservative account for money draws)? On a separate note, have you considered or did moving your ira's to a roth ira? Considering it now myself. Thank you. Not sure if you're still in Quebec but that's also on my list of vacation spots. Safe travels.

@@hz240 no. We did a very brief guided raft down the river. No plans to do it ourselves. Had no plans to stick around the area too long. Just a brief stop enroute to Quebec :)

@@RetireearlyNYC wise to head further north with Milton making landfall soon. 👍

@@BK-gh9us we just went to Elmhurst for dinner this past Wednesday night and saw some Tibetan dancing in the park! Really cool. I’ll upload it tomorrow. Check it out !

@@BK-gh9us and I have one done while walking through Flushing Chinatown. I explain some of the differences between coops and condos. Watch out for that one as well this coming week

@@masonloh1411 yep, it’s gonna happen! I expect it. And that’s why I buy used cars 😆

@@plupyduplupydu1369 yeah haha. Our friends from out of nyc can’t understand why we live in nyc lmao. Everybody has different wants. Plus our family is here so there’s no point in leaving here :)

@@SouthFist thanks! And thanks for watching :) I hope you get something out of them :)

I admit that-id personally go south america with my dough, or sail around

@@plupyduplupydu1369 also better then nyc or any other leftist place.

@@DarkoFitCoach haha. Home is where your family is. Unless we all leave lol. However, we’ll be in Vietnam in March! See you there ;)

@@DarkoFitCoach and as soon as my younger one goes off to college next fall, we’re going be traveling a lot more than we already do. So we’ll be in SE Asia, Europe, etc for probably months at a time 😃

@@RetireearlyNYC oh yeah thats gonna be awesome! If ur near amsterdam let me know

@@SouthFist YW!

@@SouthFist NE Queens: Flushing, Whitestone, Bayside, Little Neck, Douglaston. Etc. All pretty similar prices.

@@HelloWorld-hb7yt yes. And we lucked out selling our house at the height 3 years ago, while the coop prices had not gone up at all for a few years ;)

@@guillermoalto4803 wasn’t me lol. I’m in Vermont ;)

@@guillermoalto4803 but thanks for watching :)

@@RetireearlyNYC : Hahahaah! That dude lied to me! Wow. He looked like you. It was a guy with whom I presume was with his wife. I said to him: “Do you have a TH-cam channel?” and he had replied that he did. Then I said: “Johnny?” and he said “Yeah.” WHOA! I guess I made the guy nervous and he was just trying to be agreeable.

@@guillermoalto4803 lmao!

@@RetireearlyNYC: Yes, it wasn’t you. My bad. I looked at the channel more and the guy had a similar face, but his frown lines were deeper and he was probably about 5’7” and had more of a stomach with huge Popeye forearms. Also had some discoloration on his thumb and forearm that looked like old burn scars-possibly chemical. Maybe you have an older brother who works as a chef or a fireman?

@@guillermoalto4803 that’s exactly what I do in each video lol All of my videos discourage investing in real estate

We call them grifters here, and they give slight warning signs-dont give them a second chance.