There seems to be a balance of naysayers and “agree-ers” (if that’s even a word) here. To ones that agree with this guy or at least agree with most of what he’s saying, you will be very successful at one point or another in your lives. You take what you hear and try to see how to make it work for your situation. To the naysayers, my advice - stop assuming anything, accept your don’t know anything, take what you hear and do your research. There is no more excuse for not reaching your dreams. Take responsibility for your own future. Stop blaming others, society, the government, your bad job, etc. I’ve heard all those excuses. Nothing irks me more than hearing people blame everything and everyone around them but fail to take responsibility for themselves. Educate yourself. Almost everyone on this planet have internet access. Use it wisely. LEARN, LEARN and LEARN some more. I don’t mean “degree” type learning. Learn practical things. Learn about money. There are millions of blogs, podcasts, TH-cam videos, websites, books, audiobooks talking about money. Just LEARN. What this guy is saying is so simple but you have to find your own way. Get help if you need it. Ask people. Comment on here. Just do something. This can be done in just a few years, no matter your income level. We all have choices to make. Choose yourself and you will be very successful.
Choose yourself, how beautiful. I wonder since long time, but never managed to understand money, can you help? Also about, what kind of job to get, or what to study... .
Please watch the other videos in this playlist. We go into detail on how to invest. We plan on some more of these soon including a similar one from Emily so I suggest you subscribe and click the bell button.
"If you make more than you spend, you're rich. If you spend more than you're make, you're poor." "If you don't have a definition of "enough", you'll be cursed to always chase "more". Man, I've seen a lot of these type of videos, and there are some real great lines in this one. Thank you for this.
I live on a 28 foot sailboat in in California. My slip rent is only $420 a month all included. I save so much and I'm within minutes from all the beach towns. Life is great.
I immigrated to USA when I was 24. I grew up in a 3rd world country and money was tight. When I came here and my first paycheck hit, I felt like a millionaire. I spent most of it on a brand new sports car, video games etc… years later I felt the pressure of living paycheck to paycheck. So I did a soul searching and read about minimalism, stoicism, and the fire movement. Since 2018, I traded my car for a used prius, became debt free after a year and able to build a net worth of almost 200g and we just bought our house. Minimalism+fire+stoicism can liberate you from being paycheck to paycheck.
I'm 59. Have worked like a dog my whole life. I have what I think most people would consider a " nice " amount of money. Great home and lots of "nice stuff". However, I don't have a lot of great experiences to look back on. Just a lifetime of work, and stress. Don't get me wrong I like my money and "stuff". However, if I had to do it over I would choose great experiences and memories and adventures over money and "stuff". At the same time, I would still try to have some sort of financial security. Sounds like you have found a good balance.
Not too late, mate! I'm 37, almost in the opposite situation. I have a good job, but don't have a nice amount at all, ha ha... but 5 years ago I went in a different direction and went for experiences rather than safety and comfort. I ended up living more in the last 5 years than I have in the last 20. I've done things I never dreamed of, and it has to be said - doing things I never planned - just walking through the open doors in front of me. Crazy, insane adventures all around the world. The best part is the relationships that never would've happened without getting out of my comfort zone, and my little world. Life gives you opportunities, you can either choose to risk, or choose not to. That's really what it comes down. Either way, the one choice we can't make is that life will pass you by regardless of the choice we make. All the best for your future!
Omaspen - my life sound a lot like yours and we are similar in age. Agree with your assessment. I would also re-live life of experiences vs. Stuff. Now with retirement approaching, plan on doing just that and am preparing for the remaindering life of experiences. Hope we both succeed with the transition.
In my 20-30's, I was into the expensive car thing. in my 40's I started collecting expensive luxury watches. Now in my 50's, I don't think there is one more thing I could buy that I really need or don't already have. I think as you get older, you realize stuff is just..stuff. Can't take it with you. And accumulation doesn't make happiness.
The problem with most people is, They Work Really Hard to Build Other People Dreams, and They Don't Work to Build Theirs. work-work-work doesn't means success.
Exactly, I'm betting this guy didn't have wife or children that hindered him from his dream. Most marriages one understands money& one doesn't sucking the other one dry.
@@awesomeone465 Sounds like a marriage that should have never happened in the first place, cause that's NOT a partnership you're describing. There are literally thousands of YT channels WITH FAMILIES making it in this exact same way- sailing, rv'ing, tiny housing, downsizing to live their dream lives. A true partnership with shared goals means you can smash those goals better, stronger, faster, harder. Just don't marry someone "because you're supposed to get married"- that's a foolish mistake that people will have to pay for, and not just monetarily.
K. Marquez You didn’t do some aspect correctly, period. If you are saving an appropriate amount, then one day boom..... you are there. Save as much as possible. Cook at home. Drink & socialize cheap. Cheap housing young. Old vehicles. (Really old). Get your investment strategies happening early & often. I started investing at age 22. I also did not have kids or a wife. I have always dated. Just not married. Working on that in retirement. I was a hard working man. I retired younger than most. Today I live perpetually on twice my working salary. It will never decline. (I could live on roughly 3x my working salary, but just see no earthly reason to do so.) One day, I will gift some foundation or organization a nice pile of cash. I never had a crystal ball showing me the magic pathway. My parents mantra was save for a rainy day! I guess that I personally took that to heart along the way. As for yourself, one can always improve your lot in life. But the age and manner in which you start is the most key factor IMHO. Time provides the opportunity for geometric growth in the overall investment strategy. I suggest more effective efforts and start by cutting back in the lifestyle department. Best of luck!
The biggest financial tips are simple. 1. Reduce your spending. 2. Increase investment, but realize how long returns will take. 3. Develop in demand skills, you can only reduce expenses so much. At some point you need greatly increase income. 4. Take time off and realize not working gets boring, find something you don't mind doing.
I studied hard, got an engineering degree, worked really hard for a couple of years and paid off my student loan and bought a solid used car which I'll probably be able to use for at least another ten years. With the experience I gained within my first years of working within engineering projects at a stable long-term company I can now save roughly 50% of my monthly income after tax (either in cash, stocks, bullion or other long-term investments) and keep working (albeit at a much more smooth and sustainable pace) with what I love - intellectually stimulating engineering problems. I have no "end game" other than being able to enjoy life and keep feeding my intellectual curiosity - the biggest obstacle and hurdle are other people within society - family members and coworkers who do not fully understand what it really means to be 'rich' and 'free'.
Very true, society will want you to conform to what rest of the people are doing. It takes lot of guts to say "wrong is wrong, even if everyone is doing. Right is right, even if only one is doing".
@@mrxtful What I’ve found in my travels and using crime stats for the countries I’ve lived in the closer you are to the seat of government the less violent crime you have. So we live very close to Mexico City the country capital which is also large international financial district so crime is kept under control.
@Jason Scott Tizzano Yes it’s pretty safe. We live in a gated community with security. We spend most of our time at home and don’t go much after dark. It’s a small farming town with very little to do so it’s really quiet or what most people consider boring. The larger cities tend to have more crime but here it’s nothing to worry about.
This was excellent and common sense to some of us. The "American Dream" is: Buying stuff you don't need With money you don't have (debt) To impress people you don't like
7th time watching this video. I come back every month or so, reminding myself of my motivation and goals. This has been THE pillar video, the turning point, that has pushed myself in the right financial direction. Words cannot describe how important your content has been to helping me towards financial independence. Thank you so very much.
Thank you Justin. That was so nice to hear. We'd like to get the idea out there. "Enough" just isn't pushed by marketers for obvious reasons. Please consider sharing the playlist on social media.
@@Clarks-Adventure I agree completely. If only people realized that they CAN STOP. I.e. Some friends of mine just added another approx. $50,000 to their $500,000 mortgage debt, to build a wall outside their house, and they are 55yrs old. Like, when will they hope to pay off their mortgage, let alone another $50,000??? To me 'enough' just seems obvious but to others, I guess they are still heavily influenced by the earn & spend culture we live in. I share this video with my friends a lot! Love it!
@@Clarks-Adventure Great! 8th time watching your video haha! ;) Paid off all debt, doubled safety savings, and on track with our investments. Also, got a couple of corporate clients now, so was able to invest more. Lastly, our dream is not a yacht but an off-grid cabin. We're actually buying the land (cash) in 1-2 weeks! Crazy stuff. It's all falling into place. Again, your video was the turning point. Thanks again!
hahahah nice one man i retired at 22 man and i honestly did not tell anyone that i retired besides family im living a good life style that i wanted and it makes me happy because im free to do what i want edit: i onestly dont know what people think about me but my gaming buds think im a drug seller which im not hahahah idk why they asume that maybe bcuz im pretty young
I'm 60 years old and past my financial independence goal over 10 years ago. I still work because 1) I have no family except one sibling so staying home / traveling alone was not palatable; 2) I enjoy my work and am paid very well with great benefits to do it; 3) I have daily interactions with co-workers, most of whom I like so there's constant stimulation; and 4) I still have a lot of time for travel and hobbies. I live frugally, have no debt, and no kids. I will be retiring in 2 years and start collecting SS - until then, I'll just keep working. FIRE is not for everyone, but the ideas / reasoning behind the movement are good.
Just means you have life figured out. Good on you. I loved working as well. Just couldn't do it and voyage by sailboat. But I could have also been happy working throughout my life I think.
No contradiction here. I don't have to work, but really enjoy it. Not everyone needs to leave it all behind and sail the 7 seas. You're living your best life and Clark and Emily are living theirs. All good!
Just a suggestion. You might want to research visiting the Philippines. So many retired people have found a loving partner over there to settle down with. It's a tropical cheap paradise!
I LOVE this!! I am also 36 and now retired. Just left the last corporate job a week ago and it’s over!!! The software job was so soul sucking and completely out of alignment with my happiness. And now the fun has begun. Even in one week I’ve become so relaxed. I see all the people around me- family, friends, neighbors, all on the daily grind and here I am floating above it now with Hawaiian music playing in the background :)
This is my goal. It’s about reducing stress and worry. I’m a simple person. I definitely am a minimalist at heart with hobbies that don’t require tons of money. I also like having a smaller, cozy space. I’m turning 30 this year. I hope to be able to hit fire by 40/45 through getting a higher paying job and building several streams of income on the side. All extra side cash will be shoved into stocks and I’ll keep working my regular job while reducing costs and maintaining a LC of living. I’ll work on what I want, but I just want the security of knowing I don’t have to work and I’ll be fine.
I retired at 48, bought a 43ft sailboat fixed it up for cruising and sailed around the world for 10 years. Best thing I ever did. Used the same philosophy as you all my life - be a saver! I live ashore now in a smallish house and am still saving money. Many other cruisers we met on our travels have the same way of life and are very happy.
Very inspiring story ! Just like Clark's story..I am 49 .will retire by mid next year having achieved my financial goals..plan to tour wonderful Europe for next 25 years...the problem is system of the society is very mundane ..we are the only ones thinking differently ..nevertheless I think making the decision is important and a first step as like you guys...all the best
I started working at age 14 on a farm. Learned to hunt, life skills. My friends always told me I was cheap!! retired at age 37. Now 43 and still living a better lifestyle then most of my buddies. Live on cash not flash!!
It's funny that we need to pay through the nose in order to be self-sufficient these days. If you want to fish, then you need to pay for a license and can only fish in designated areas. Hunting, building your own home, etc. Nope, you need to pay for regulations and the "privilege" of doing that.
Are u married because my husband lives on flash. His moto is yolo. I’m frugal but I find that when it’s time to go somewhere I don’t have nice clothes or shoes. How can we find balance?
I wish I'd had this mindset back when I was in my early twenties, 32 now. Time flies. I'm working on it now and trying to remain patient whilst also making up for those lost years. Go get it! :)
Same I wish I knew when I was younger. I had a good chunk of money I could’ve stashed away completely into my investments while continuing to work a job that covered my living expenses. So many missed opportunities because I just didn’t know.
You are 100% accurate on finding the right partner. Being with someone who constantly likes to shop and spend is stressful and relationship is doomed! Speaking from experience sadly .😕😔
Both my brothers earn more than $100,000 per year. They're both deep in debt due to expensive colleges for their kids as well as shopaholic - drug addict - alcoholic wives. They will never be able to retire. As Power of Attorneys for my Mom, they also wiped out most of her retirement money as well - under the guise of multiple cash gifts. I have always lived on less than $15,000 per year - after taxes and health insurance. I saved every penny and am comfortably retired. I'll never inherit, because my Mom has very little left. Exploitation of the elderly is difficult to prove. It's best to count on yourself and to find your own way. Life and people are unpredictable.
Its extremely hard. In my 20's i saved up for my kids college fund, only to see it all gone plus another 50k in credit card debt on nothing but crap. I worked hard for my kids future just to see to it go to nothing was the hardest thing. Still married, I'm 30 now but still extremely bitter. And still dealing with it. Wondering when enough is enough.
A friend of mine said, "You spend the first forty years of your life acquiring stuff, and the last forty years trying to get rid of all the stuff." I wish I would have done these things thirty years ago. Instead I did what is considered "normal." I did turn things around in my mid twenties, and now I am planning to retire at fifty-two.
"Normal" doesn't really make sense, now does it? With the state retirement ages climbing up i could retire at ~70. To do what exactly. To be hardly able to move around? Waiting that long makes no sense what so ever. Especially since i'm a man and the average life expectancy of men isn't really that great. The current model of "work work work and retire when you are old" is just sugar coated slavery, even if you get paid well for it.
You're on another level to the most of the other retire early gurus, who, bless them, are all about 20! You've lived this for years and therefore have real authority. Your story is excellent - it has everything. I guess more videos on this topic would be terrific!
😂 absolutely! Most “get rich” or “I’ve retired” videos are made by charlatans who haven’t actually retired and work freelance selling “systems” to get rich (even though they’re not actual rich themselves..). Good to see someone who’s actually done it.
I am a minimalist for almost 30 years...we live on my teacher's salary...put away hubby's salary and it's not a lot but it's enough ..live simple...I do drive a Jeep but saved for it...work side hustles as needed..1 child...don't get sucked into expensive lifestyle... be happy...we eat 80% vegan, homemade. Tell the Jones family to screw off ;)
I worked part-time and raised 2 daughters without child support. We lived on less than $15,000 per year - after taxes and health insurance. We just learned to live without. I saved every extra penny and am comfortably retired. I tried working full-time, but I quickly got burnt out. So, cutting expenses was the next best thing. I've never regretted it. Freedom from work is everything.
You get it, you lived it. I hope this video felt right, it was my first try at something like this. If you think friends might benefit please share the message.
I was 28 when I bought my house and now it's paid off, raised 3 kids at the same time with no support and made $13/hr. I'm now 37 and have two decent paid off cars and we're going to be remodeling soon with cash, cash is King!
Thank you, I have sent this to my daughter as an assignment to be discussed at dinner this evening (she is 17). Great way to open a dialog with points and suggestions. Thank you again for sharing!!
Your very welcome Leonard. It's always the best compliment when people tell me they suggested my video to their kids. Thanks If you have any other friends who you think might also like our stuff please consider sharing our playlists on social media. We'd really appreciate the new subscribers.
I like the marshmallow analogy. I see many people my age "eating the first marshmallow" by spending money on temporary pleasures, and I just can't bring myself to do that. I believe growing up in poverty taught me how to be frugal with money at an early age. There was a time in fourth grade when my shoes were falling apart, and I knew my mom, who was single with four kids, couldn't afford to buy me a new pair. We lived in a shelter and she had just recently totaled our car, but 10-year-old me wasn't going to let that get in the way. After days of begging, she finally agreed to walk us and our "hobo cart" a few miles to the nearest dollar store to purchase $5 worth of candy. Although I could have eaten the candy myself, I sold every last sucker at school and ended up returning my mom's initial investment, as well as being able to walk to school in my brand new pair of shoes. Seven years later, I have a job of my own, but I still find myself saving the first marshmallow so I will be better off in the future.
We appreciate that Elizabeth. Would you do us another favor? If you think your friends might like this video would you share it on social media? We want to get this thought out there.
Your story is olmost like my, but in another place! But I can,see your a pretty good looking now then does day's,can we write each other? Or you have a partner to write to,keep up the good looking looks
Watched it right through, brilliant. Clark's message is more powerful than anything we can expect from Davos so please everyone share this, we did, and genuinely help folks find their own happiness through all the fog. Thank you for a wonderful presentation.
Retired at 50. There was no stress for me during the transition as I had been dreaming about it and planning for it for many years. I've never been happier.
Any advice to scaredy cats like me? I'm 53 and losing my IT job July 1st. due to outsourcing. I have about 1.1 million. With my wife working, I can easily survive on $35,000 per year and look for a part time job.
You should be fine. You know 4% rule and all. It's amazing how little you spend when you have time. Working costs money in that you have no time to work for yourself.
@@Clarks-Adventure Thank you. I've been planning early retirement for a long time and I am aware of the FIRE rules and the 4% SWR but keep falling into the trap of self doubt. I've been working since 16 so close to 37 years, it will be a major adjustment which in my 20's-40's never thought i'd have an issue with.
You are right. It will be difficult. A lot of guys die from the stress of retirement. In your case, being forced out a bit early, it's likely going to be harder. But, hopefully knowing those feelings are coming can prepare you for them. I've been through it. It's going to feel wired but that will pass. Remember nothing is wrong. You have prepared for this. You did the right thing, try to enjoy your free time without guilt. You deserve it. This might not make sense now but it might later if you go through what I did. I wish I had someone tell me it was coming and will pass. Hopefully you will take to your new life with no worries and this is just a waste of time.
This should be mandatory viewing for kids in high school and college. 26 minutes of absolute gold! I've set a 10 year tentative goal and I do hope I can get there by my late 30s. Not as ambitious as sailing the world but a quiet life filled with natural beauty, hobbies and the occasional voluntary work assignment. Guys like you truly are heroes... Take a bow, sir!
I'm glad TH-cam suggested this video! I'm a 38 year old military veteran, and I reached my "enough!" Not that I have enough money, but I had enough of working in California just to pay bills, not following my dreams, joys and passions, and living a ordinary life when I know I'm meant for more. So I'm leaving in April to Spain to start traveling the world doing work exchanges through Workaway. I will also be making a TH-cam/Facebook show called ExChanging The World where I find people doing good things for others in their communities, tell their stories, and reward/surprise them anyway I can to help them! This is the best thing for me physically, mentally, emotionally, spiritually and financially. I hope to have some episodes ready in the Fall! Thank you for sharing your story, Clark!
Jacob Crawford Enjoy your travels! I left the UK in 2004 and never went back due to the high taxes and poor infrastructure (just like California). You’ll never regret it. I wish you all the best.
Thanks for the video and the inspiration! Been on a similar path of working/saving/investing towards FIRE. About 3-5 year away, depending on some choices. Avoided college debt by choosing skilled trades. Bought properties as soon as I could, and had house mates to help pay down the mortgages early. Spent most of my free time running, biking and hiking as well as eating quality food....taking care of my body and spirit. Chose not to be married, have children or pets. Always owned used cars (minimum of 80K miles @ purchase), paid for with cash. Currently drive a 1991 Honda and a 2000 Toyota (truck for work). Honestly I spent my 20's doing many things "right" but also spent more of my earnings than I could have. The last 6-7 years I have become more meticulous in my tracking of my spending, which has helped both in correcting "bad habits" and in inspiring myself to stick with it.....
I'm your age and retired a month ago. I'm loving it and I appreciate your comment about how hard it is to stop striving for more! Time to chill and find my goals for Life 2.0
I know right. I was amazed at how that was stressful. Thought it might have just been me but I meet a lot of retired early guys, happens a lot. I've gotten so many comments on that. Best if luck on Life 2.0
@@Clarks-Adventure Turned 55 yesterday but it looks like I will have grind it out till 70 the way its going. If I was alone I probably would be able to retire. Was retrenched a few years back and had to dig into retirement funds to support the family. Still have to get them through varsity/collage ...
Excellent advice for millennials! At 48, recovered from a brain tumor, I’m no where near retirement. Made poor career choices. Currently work in the medical device industry and do not make much money & cant stand my work. Struggling to find a way to make up for lost time in order to retire. The idea of feeling trapped in life is at times overwhelming.
I work in Medical Device Reprocessing and I can't stand it anymore either. Researching Mexico, Costa Rica and Panama to retire. Not gonna happen if I stay in Canada
Would you all consider sharing our playlist on social media? We'd really appreciate the new viewers and your friends might benefit from the ideas we put out. Maybe save them from a job they don't like.
I retired at 42, traveled around in a motor home. Had to go back to work - chose real estate. Going well but back to work is nice. When I was retired I had a 5 hr stretch during the day when I needed to feel productive. Finding the balance while working and playing works for me. I will probably work the rest of my life as ling as I can walk and talk, but only 5 hrs a day.
@@jesusbalderas3449 I'm 41 and ready to be debt free. how did you know what your enough was? do you have investments? 401K? my problem is I can't figure out what enough really means and from what sources.
I love your video, the concept of enough! I started learning minimalism from my wife then I started living frugally on-and-off. Then I loved to be content, eventually free from debt, being less greedy and less worried of what comes tomorrow. It's been 20 years since I've started reducing my hoard/greed character. And have been debt-free since 2014, it's a healthy feeling to be alive :)
Yep, you got it aldin. If you think your friends might either enjoy our videos or better understand your life choices if they watched it, how about sharing our playlists on social media? We would really appreciate the new viewers.
I retired when I was 48, but I was not happy till I bought a Vancouver 27, and sailed of to Mexico and got divorced. I single handed for about ten years and found a new love that enjoyed the sailing and the solitude as much as I did. still sailing but now on a Wildcat 35. Thank you for your great video, oh by the way I did buy a porsche which I get to drive about every two years.
"Life is about the experiences you have, not your performance. No matter how hard you work and how successful you are you will inevitably be forgotten. Success is a transient treasure and it will never completely satisfy you because there will always be another goal to reach." I pieced that together from some forums posts I seen online around 15 years ago. I printed it and framed it on my wall and it's been hanging there ever since.
Chris Crabtree Some people need the goals. Some love their work and need it. There’s no “right way”, I would never give up my job and colleagues that I enjoy and give me meaning. My vacations need to be filled with activities and I can’t be still, it gives me anxiety and depression. You learn what you need to be happy:)
I'm 30 and partially retired. I have been doing my job for 11 years and I realized I did not want to work every day. Since the age of 26 I have worked 6 months and take 6 months off with my wife and dog and we roam the country in our motorhome. Prior to my motorhome acquisition I had a 36 foot hunter legend for 8 years and then a 23 foot westerly pageant for 2 years. BEST DECISION EVER.
I'm hoping to make a move like this! If you don't mind me asking, how much do you make in the 6 months in order to support yourself for the rest of the year?
Retired or just taking time off, there is a big difference. Retired means you have enough to be taken care of from 75-100 at $100k of care costs per year - that's what my fathers care costs annually. So are you really retired?
This is very refreshing to hear someone who’s done what i’ve done and i must say very very good advice to anybody starting out or looking for change in there life. Work towards goals, stay away from all forms of credit, don’t keep up with your piers and most of all don’t be greedy and know when to stop. My experience is the ones out to prove them selves being the biggest xxxx on the block are the most miserable and loose everything...
It's a month since I first commented here, & people are saying 60's is old. No way. 😂 I'm 65, I had mitral valve heart surgery last May & now it's all good. I could literally last 30+ more years, seriously. It's all about diet (veggies, fruit, meat twice a week), exercise (cycling for me), & zero stress. It's a great time to be alive, what with the excellent life planning & motivation TH-cam videos. Watch sailing videos b/c it's endless repairs & maintenance, get ready for that (the bigger the more repairs, plus electronics). It's made me re-consider a bit. Right now I'm working on a new fiction series to finish next year. I dreamt before of a 37' Beneteau (30+ years), now I'm thinking 30' max with minimal electronics. Really, the adventure is the journey of life itself, whatever you do with your days. I've even thought of buying a very used Chinese junk with a deck cabin, or a 35'+ used Thai dragontail boat for < US$ 8,000 ... Western yachts are absurdly expensive. 😉
@@leonari That is just your opinion, and there are many people who would disagree. Please keep in mind that it is *not a fact* and do not judge people on their choices on public forums (especially if they already said they feel so healthy that they can last another 30+ years) You keep doing you but not to the expense of others.
@@bronzemansadventures1508 yeah it is my opinion. Period. What is a comment Forum for if not to post ones opinion? Did I say that I am the biggest expert in the field of nutrition? That people absolutely must listen to me if they want to live a long and healthy life? No I did not. So do me and everybody a favor: Look for someone else to school and take your entitled ways of comunicating and shove them. I am entitled to my personal opinion -so are you. We can agree to disagree. But that seems a foreign concept for folks like you.
@@leonari You are the one schooling people and pushing your judgement and unsolicited advice on others and I am inviting you to be mindful of that but that nuance seems to be lost on you. And when I make you aware of this, I get the response "shove it" - *super respectful* Jeez, you really are a joy to interact with...
I retired at the same age (got tired of hunting for jobs, dealing with idiots at work, etc) but didn't go on any adventures. Did become a full time stay at home dad however.
@@missionhappiness5883 It's not all that its cracked up to be. I probably wouldn't do it again. Can't go back after twenty three years of it. Not awful but miss the opportunities would have had otherwise. Also, no respect from anyone for doing it.
@@hagbard72 , being an active parent in a child's life day in and day out is challenging; being a stay at home parent...the struggle is real. the Plantation is always welcoming back worker drone bees. ;)
I have this poem up on my wall and it is fitting here now: I have studied many times The marble which was chiseled for me-- A boat with a furled sail at rest in a harbor. In truth it pictures not my destination But my life. For love was offered me and I shrank from its disillusionment; Sorrow knocked at my door, but I was afraid; Ambition called to me, but I dreaded the chances. Yet all the while I hungered for meaning in my life. And now I know that we must lift the sail And catch the winds of destiny Wherever they drive the boat. To put meaning in one's life may end in madness, But life without meaning is the torture Of restlessness and vague desire-- It is a boat longing for the sea and yet afraid. -Edgar Lee Masters
Thank you Luis. I think I will. Please subscribe so you can see them when they come out, and if you liked this please share the video over your social media. We are just getting started and could use the viewers. Also, you might like our other "sailing life" type videos. I suggest you start with our "Adventure Logs" they include a budget section.
@Connie. As does every other creator on TH-cam. It's like 1/2 to 1/4 cents for a commercial. Usually doesn't pay for the batteries in the sound recorder.
Thanks so much for this Clark! I've seen so many people in the 20s starting, 30s kind of into it, and 40s preaching the concept but to hear someone who is at retirement age and having done this for years (and thus went through not one, but two recessions), it's great to see that you were able to power through it all and still continue living that life.
Awesome!! Thanks for sharing this Clark. I took a similar path. Started in I.T. in the 90's. Owned my first house free and clear by age 30. It took me a bit longer, but I retired at 43. Now I spend everyday in the mountains doing the things I love. Anybody can do it. It requires a lot of discipline, it is certainly doable. This content provides a fantastic high-level strategy.
Just came back from the mountains and can't wait to be there for months at a time! I'm just not totally ready to give up a job yet.. not 100% sure it'll make me happier (I enjoy my job, mostly).
Great story - debt keeps people from living their dreams, pure and simple. Unless it's for something (real estate investment) that is going to make you money, then "debt is the devil". Live well and enjoy life. Safe travels!
Alot of excellent points he made. Concise, helpful, and valid. Not selling his dream but guiding you on what he did but not saying you should follow what he did. The most important thing out of it all, at least for me was, 'Know when enough is enough' ie achieving is addictive. You don't need alot of stuff to be happy. If you chase stuff or money without limits, it will be a hunger that cannot be satisfied... But he is not even telling you to not aim high, if that's what you want, but for him and his goals, that wasn't the objective. Great video, and thank you for taking the time to make it and share it! 👍 😀
Thanks Ta Hu, so nice of you to say. Do you have friends who might also like our videos? We would really appreciate it if you would share our playlists on social media. New subscribers is what makes us feel good about putting out videos.
Thanks. And congratulations on your young escape. Would you consider sharing this with your friends on social media? They might better understand you and I'd really appreciate the new viewers.
I realised in 1993 that the secret of work was to work my way out of work. I invested like crazy for years and retired in 2015 aged 47, as I had enough invested to derive an income and now I live.
THIS is by far the best advice on personal finance that I have ever heard and it is exactly what I need 1 year before I walk away from the 9 to 5 to travel full time in my RV. I hit the subscribe button and look forward to following you and Emily. Thank you and safe travels!
You made me cry, I'm right in the middle of retiring. I saved and have the means to retire. I'm still scared to do it. Thanks for the insight. I need all the encouragement to this. Change is hard, you help me.
It sure is. Just do it. You can always go back to work. You can't buy more life. Please consider sharing our playlists on social media. We would really appreciate the new subscribers and your friends might like our stuff. -C
That's it, knowing how much is enough ! Great advice! I'm about to retire at 55 in a few months time. I know if I work to 60 I'll get much more money But time is now what I value the most and not having to be a wage slave anymore! Great video! Thanks
I've just become jobless. If I were single, I wouldn't think twice about retiring now. But with a fairly young family and mortgage it seems more out of reach. Your points are all spot on. It is hard for people who are brought up feeling joy by receiving frivolous gifts. I spent the early years of my life skipping lunches so I could save money to by the latest new toy. It is hard reprogramming a brain that has been brainwashed so heavily by commercialism.
I'm 31 and this has been my goal for the last 11 years, I'm so glad to see that you succeeded, hope to do so my self in 9-10 years :). Keep living well :D
At 53 I think I have enough. The transition is a bit nerve wracking BUT I have to trust my instincts. They have gotten me this far in life. You don't have to be a tech person to do this. I have been a carpenter most of my life. Devoting many hours to the improvement of my craft. While Carpenters don't make crazy amounts of money, we do develop skills that we can use to create wealth. I was able to buy a couple of run down houses and slowly fix them up over the years. Now as rentals they provide a relatively stable passive income. There are many ways to to do this. Find yours and stick to it.
This is real good stuff. Went about this the same but different. By opening up, you and your Wife are really helping people Who will listen. Thank you for sharing! Thanks for Excellent content!
Stick with the basic needs in life . Food, clothing, shelter and basic transportation. All the other stuff that you're wasting your money on is not necessary for life. So enjoy life as much as you can as cheaply as you can.Don't get caught up in all of your possessions and what other people are doing. In the end you will lose it all anyway. As the old saying goes . I have never seen a U-Haul on the back of a hearse.
Do you mean putting into a 401k? I currently do 10% into the TSP. They match 5. I also max out my Roth. But I’m thinking I need to start a taxable if I want to retire early. I can’t touch my 401k until at least 55.
Clark there is a huge community around FIRE, minimalism and personal finance and investing here on TH-cam. Many millennials like me are interested in living a life where we place experiences over things. I think you have a special perspective and an interesting life to share with people as an alternate way to live. If you keep dishing out the advice on these topics people will keep coming back.
We have almost identical life CVs...I retired at 34 and have been living on a boat ever sense...same ideas on housing and cars and enough and everything...except I will splurge on 1000 dollar dinners once in a blue moon and still run a company here and there. And I do sail to various parts of the world.
Honestly, I've been jealous to someone else's success for live. But you are a rare occasion that I don't feel anything like that. I'm happy for you. Typical motivational rhetorics is full of BS. And I've never seen a motivational speaker who has so much warmth and happiness in their eyes. Damn, you've disarmed me. I cannot find a single excuse not to follow your simplistic philosophy. Indeed, it's very inspirational just to know that people like you exist. You're the man! Thanks for sharing your insights!
WOW !...Thank you Clark, one of the best videos I've seen on living minimally and living your dream... & talk about hitting home, I'm 36, from NY, who growing up saved & invested more than I spent, I'm at the point of ENOUGH. I've been so inspired by your videos and others that I recently purchased my first sailboat, a Hunter 34', which I only paid 4k for (I feel I stole it, originally asking 20k)...the Hunter won't be my end all boat, it's a starter sailboat for me, once I learn more I'll eventually get a boat similar to yours, which is beautiful by the way,.. the ocean has always been my Passion, and always will be..i worked at a boatyard when I was 14, not for pay, but for a ragged old abandoned boat to fix up..but at 14 owning your own boat I felt on top of the world....now I'm 36 and this sailboat is the 6th boat I've owned under my belt. I dream of retiring now, and I could, but if I stick out 6 more years I will officially be able to retire from my job, at 42, with a very lucrative pension. So for now I'm stuck, in limbo, prepairing, practicing and researching your lifestyle, because I've never had such a stronger desire to do anything in my life. Hope to be anchored and having a beer with you shortly my friend. Cheers & thank you for being an inspiration.
You have an amazing path of adventure ahead of you. Sometimes it will be uncomfortable or down right scary but it has the potential to be an amazing life. -C
This is so interesting! Can you make a youtube channel as well? Would love to see your process into retirement and Clark as your mentor??? Maybe in a few years, at the age of 41-42?
Thanks for sharing some life experience, much more useful than dry, cold facts in a classroom. This is a larger part of an awakening process going on for all of humanity, people realizing they do not want to spend years slaving away at some job so they can buy unnecessary items that wind up in a box in the basement. Health will become more important than wealth, a man's life will not be measured in how many toys he has but how much he has evolved in one life time
My favorite video on TH-cam. I come back often to stay motivated. "Define enough or be cursed to chase more" has become my new motto. Thank you for sharing.
You beat me by 4 years, retired 6 months before my 40th BD. Cruised for 5 years on a 1962 Rawson 30. Now I'm a land lover in the midwest still retired for 27 years.
This video is inspiring! I recently downsized my apartment and we now only have one car, it sometimes feels weird to do the opposite when so many people are getting bigger and more expensive things but seeing people who are steps ahead of me in this journey achieving their goals is so great to see! It makes the sometimes alienating feelings of going against the grain feel so worth it.
The TH-cam algorithm is getting great - it recommended me this wonderful video! I enjoyed every single second of it, thanks for sharing :) Achieving is indeed addictive to me, and I have no idea if it will ever stop... but just like you, I don't care about money per se. It's just a mean to live and experience things. We won't take that money to the grave anyway!
Really great advise. We’re on our journey to retire early too. The only bit of advise I don’t entirely agree with is kids. There’s no dollar value you can place on your children. The most rewarding & priceless thing you can ever do in this world is be a parent. It truly teachers you about unconditional love & selflessness that nothing else ever will. Retiring early can still be achieved. We have five sons & are on the path to retire at 55.
Thank you for the video, my wife and I just stopped working at age of 48 and 51. We just bought a sail boat and sold everything. Listening to you just adds confidence that we have made the right discussion. We did keep one small house and vehicles.
I still have a house as well. Sometimes expences just make sense. If you are new to boating I recommend you watch our other videos, especially our capable cruiser playlist. If you are interested in the life fill time you might like our adventure logs as we talk about budget there.
Well I might do that in the future. They would be easier and we would probably get more ad revenue that way as well. Do you think it would be a good idea to make more of this kind of thing? More detail? Maybe talk about how I invest?
I'm interested in these kind of topics, so yes... I say go for it. If you spread out your topics over multiple videos you can go into detail more easily + viewers get to pick what they are interested in. What kind of editing software do you use? I'm learning shotcut at the moment, but I'm pretty new to video editing. Subbed you btw!
did early retirement in my 40s by living cheap, saving, and investing. one point, concerning relationships, if you marry, and your partner doesn't have decent savings. because of the no fault divorce laws, you stand to lose quite a bit of your investments, if not all, in the event of divorce. in other words, if you are smart enough to retire early and understand investments, then you might also be smart enough NOT to invest in a certain type of investment that comes with a back-end load that is unlimited in scope, arbitrary, and capricious, and has the potential to destroy your net worth and life.
Gary Alan #MGTOW is the only way to be. I’m 40 and have been single my whole life after seeing how women destroy families by taking advantage of no fault divorce laws
Thank you for this, this is just the kind of talk I needed to get started this path. I've been wanting to buy a boat, sail the world and live life on my own terms as you do. I've faultered off that path and I understand now what I need to do to get back on a path that leads to my financial and personal freedom.
I’m 57 and live frugally with my fiancée in Asia. I suspect we couldn’t live a nice life in a developed country on our combine salaries. We both work online part time. We make somewhere between $2.5k to $3k. We spend about $800-1000 per month and save the rest. Our housing expense is only $150 including utilities. So our biggest expense is food. My parents passed away recently in the UK and I was left 1/3 of their assets. All the calculations haven’t been finalized but my share is probably going to be $250k. I think I’ll reduce my workload to just 3 days and keep saving. I enjoy teaching so it’s no hardship to keep going. Maybe for 3 more years, if I’m feeling happy with the work. I think I could retire now and live off the inheritance for 10-13 years when the pensions from the UK and USA kick in.
I really enjoyed what you had to say. I am 30 and slowly starting figuring out what I want. Its very hard to come to terms with it and even harder to take steps in that direction because then it becomes a reality. Hopefully I will make it and be FI by 35.
You're very welcome Caleb. Hope you find our other videos useful. There is a lot for the new investor here. I'm trying to make a collection that I'd have wanted when I was first starting. Also you might like our sailing stuff. If you think others would also like our work how about sharing our playlists on social media? We'd really appreciate the new subscribers.
Inspiring video! I'm 46, no children, everything paid for, and funding my retirement account to the max. I would love to retire early. It's something I've been thinking about, for several years.
Thanks Shama, Fore some strange reason your recent comments didn't "stick". I sometimes get a notification but find that the comment was rejected. Did you include a link or anything that would have bothered TH-cam? I'd really like to understand this, I appreciate your help.
So tired of hearing "live below your means ". Ughhh. I believe in pushing it to the limit. If people could find their passion and chase it, that is what life is to me. There has to be a balance of saving for the future and living for the day. I have been fortunate to be able to have taken dream trips as well as having nice stuff in my house, boat, vehicles, stereo and surround sound systems and tvs to the moon. My passion is fishing and $ is no object. Have fished many places in this country and outside this country. It has taken me to beautiful locations.Multiple outdoor activities including skydiving, kayaking, skiing, water skiing, etc etc. I traveled single and traveled with my wife. I bought my retirement land 16 years ago before I met my wife knowing that is where I wanted to be. Luckily my better half agreed with me. 😁 I'm 51 and plan on retiring at 59. Everyone has to have a plan. Can't just float around life. Live clean, eat clean. I realize that time is limited to do things before s hits fan , alot of people never get it and put money away for a time that will never come. Sad! You have to strike a balance between saving for tomorrow and living for the day. Carpe Diem!
I am glad to have come across this video. The information is very valuable. My only critic is that in order to be able to stop working at such a young age living frugally isn' t enough, you need to earn tons of money when your young, which just a tiny percentage of the population can achieve. Also living on a boat is not cheap, maintenance is not cheap, docking fees are high, you have to pay insurance etc, etc. It is a great lifestyle but not a cheap options. Having said that, the video is great and very useful even if you don t plan to retire in your 40. Living within your means is just common sense that doesn t seem to be too common these days.
Exactly. Not everyone is capable of being en expert in complex fields like tech which can result in them consulting and earning lots of money. Most of us are doomed to average jobs because we just don't have what it takes. Otherwise everyone would be doing it.
James Taylor Read a book by John DeMartini called “How to make one hell of a profit and still get to heaven” I used to think like you until I read that book 8 years ago. I followed every step in that book and now I’m financially very secure.
James Taylor - I used to think the same thing. At some point I realized my goal was to make money and I didn't care if I liked the job. So I started asking random people I met how much money someone in their field makes and what training was needed for them to get their current job. This information is not talked about on the internet and is hard to find out without talking directly with people. This habit of questioning revealed a lot of job positions that aren't really considered careers but pay pretty good $35K-$50k. Eventually I discovered a job wrking for a cable company where they provide the training! The whole time I worked I asked other people in the company how much they make and what education would be needed. I openly let it be known that I was looking for higher pay. I would chat with customers in the field about their careers and get ideas from them. Eventually workmates would come TELL ME when new job positions opened with higher pay. I now realize you don't need a college degree to get pay raises. You simply have to find out what education is needed for specific jobs. The more specialized the better. If you can't find a job where you live....Move!...Or learn to make money on the internet. I would also like to mention...You would think all these people in technical jobs would have a bunch of college degrees but it turns out the whole IT field are just certifications. So you just read a book and take a test, then BOOM your certified. Right now I'm about to take a software "bootcamp" class that teaches you how to write software with different programming languages. It sounds complicated but that's what the class is for. I know nothing about software but I'm paying money for someone to teach me. Thats the basic process for everything....1.) Find training, 2.) ask people where to apply for a job...do the job. 3.) During the current job start looking for higher paying jobs and what training will be needed to achieve them. If you live in a town or state with few jobs...MOVE! That's what I had to do.
Thanks Caleb. I appreciate the advice! I'm in a town where unemployment is fairly low. Moving has crossed my mind but it's so hard to leave everyone. I'd be starting in a new place alone. But I guess there is no other alternative. @@__-pl3jg
The planet is not full, have as many kids as you want/can. Life is abundant, it’s not about ambition, it’s about living a fruitful life. I like what he said about defining it for yourself, when you know what you want you’ll know what kind of fruit you want your life to produce.
@@billy77511 Median age in Germany is almost 10 years older than in the US, oldest major country with Japan. Don't think legal or illegal immigration will fix our demographic time bomb, especially since it isn't merit-based
This is the first video that I see about financial freedom who says enough of that programmed life but also enough money to live frugally. And I adhere so much about what you just said, actually doing it every day as much as I can. Thanks for charing Clark! ENOUGH
Thank you. Watching this video makes me feel good about the plans I've put into place years ago! I'm no more than 4-10 years from my goal of being a "citizen of the world"; this video helps me to keep pushing!
You're very welcome Shaun. Would you consider sharing our playlist on social media? Your friends might also like our videos and we would really appreciate the new viewers.
![LIGHTNING Hits Boats. Here's How to Deal With It [Capable Cruising Guides]](http://i.ytimg.com/vi/PurMG7KHdW4/mqdefault.jpg)
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
There seems to be a balance of naysayers and “agree-ers” (if that’s even a word) here.
To ones that agree with this guy or at least agree with most of what he’s saying, you will be very successful at one point or another in your lives. You take what you hear and try to see how to make it work for your situation.
To the naysayers, my advice - stop assuming anything, accept your don’t know anything, take what you hear and do your research. There is no more excuse for not reaching your dreams. Take responsibility for your own future. Stop blaming others, society, the government, your bad job, etc. I’ve heard all those excuses. Nothing irks me more than hearing people blame everything and everyone around them but fail to take responsibility for themselves. Educate yourself. Almost everyone on this planet have internet access. Use it wisely. LEARN, LEARN and LEARN some more. I don’t mean “degree” type learning. Learn practical things. Learn about money. There are millions of blogs, podcasts, TH-cam videos, websites, books, audiobooks talking about money. Just LEARN.
What this guy is saying is so simple but you have to find your own way. Get help if you need it. Ask people. Comment on here. Just do something.
This can be done in just a few years, no matter your income level. We all have choices to make. Choose yourself and you will be very successful.
You said it all with just two words. Choose yourself. Everything will flow from that.
Choose yourself, how beautiful. I wonder since long time, but never managed to understand money, can you help?
Also about, what kind of job to get, or what to study... .
Please watch the other videos in this playlist. We go into detail on how to invest. We plan on some more of these soon including a similar one from Emily so I suggest you subscribe and click the bell button.
This is one of the best comments I've read on TH-cam. Thanks for taking the time to help others.
It's true, by choosing yourself over others you can profit in a capitalist system. Selfishness is rewarded as a virtue.
"If you make more than you spend, you're rich. If you spend more than you're make, you're poor."
"If you don't have a definition of "enough", you'll be cursed to always chase "more".
Man, I've seen a lot of these type of videos, and there are some real great lines in this one. Thank you for this.
You're very welcome. Would you please share a link? We would appreciate more views from your friends.
I didnt have the definition of enough so I chased more and lost all of my money.
I live on a 28 foot sailboat in in California. My slip rent is only $420 a month all included. I save so much and I'm within minutes from all the beach towns. Life is great.
Please tell me the town
I immigrated to USA when I was 24. I grew up in a 3rd world country and money was tight. When I came here and my first paycheck hit, I felt like a millionaire. I spent most of it on a brand new sports car, video games etc… years later I felt the pressure of living paycheck to paycheck. So I did a soul searching and read about minimalism, stoicism, and the fire movement. Since 2018, I traded my car for a used prius, became debt free after a year and able to build a net worth of almost 200g and we just bought our house. Minimalism+fire+stoicism can liberate you from being paycheck to paycheck.
FIRE, i prefer FINE; Financially Independent Not Entangled. So when someone asks, "how are you?" , i get to reply "FINE", with a secret grin !
im gonna use this from now on lol. That's pretty good
Perfect SoloSailer.!!! Love it!! I'm FINE as well.👍
No kids no prenuptial single bed purrfect
I absolutely love this. Thanks for the smile! :)
I'm 59. Have worked like a dog my whole life. I have what I think most people would consider a " nice " amount of money. Great home and lots of "nice stuff". However, I don't have a lot of great experiences to look back on. Just a lifetime of work, and stress. Don't get me wrong I like my money and "stuff". However, if I had to do it over I would choose great experiences and memories and adventures over money and "stuff". At the same time, I would still try to have some sort of financial security. Sounds like you have found a good balance.
Not too late, mate! I'm 37, almost in the opposite situation. I have a good job, but don't have a nice amount at all, ha ha... but 5 years ago I went in a different direction and went for experiences rather than safety and comfort. I ended up living more in the last 5 years than I have in the last 20.
I've done things I never dreamed of, and it has to be said - doing things I never planned - just walking through the open doors in front of me. Crazy, insane adventures all around the world. The best part is the relationships that never would've happened without getting out of my comfort zone, and my little world.
Life gives you opportunities, you can either choose to risk, or choose not to. That's really what it comes down. Either way, the one choice we can't make is that life will pass you by regardless of the choice we make. All the best for your future!
Omaspen - my life sound a lot like yours and we are similar in age. Agree with your assessment. I would also re-live life of experiences vs. Stuff. Now with retirement approaching, plan on doing just that and am preparing for the remaindering life of experiences. Hope we both succeed with the transition.
Thanks for waking me up in time,
sincerely a 26 y/o Swede
Awesome words of advice especially for young people.
In my 20-30's, I was into the expensive car thing. in my 40's I started collecting expensive luxury watches. Now in my 50's, I don't think there is one more thing I could buy that I really need or don't already have. I think as you get older, you realize stuff is just..stuff. Can't take it with you. And accumulation doesn't make happiness.
The problem with most people is, They Work Really Hard to Build Other People Dreams, and They Don't Work to Build Theirs.
work-work-work doesn't means success.
I learned that at 38 and ran from it
Exactly, I'm betting this guy didn't have wife or children that hindered him from his dream. Most marriages one understands money& one doesn't sucking the other one dry.
@@awesomeone465 Sounds like a marriage that should have never happened in the first place, cause that's NOT a partnership you're describing. There are literally thousands of YT channels WITH FAMILIES making it in this exact same way- sailing, rv'ing, tiny housing, downsizing to live their dream lives. A true partnership with shared goals means you can smash those goals better, stronger, faster, harder. Just don't marry someone "because you're supposed to get married"- that's a foolish mistake that people will have to pay for, and not just monetarily.
K. Marquez
You didn’t do some aspect correctly, period. If you are saving an appropriate amount, then one day boom..... you are there. Save as much as possible. Cook at home. Drink & socialize cheap. Cheap housing young. Old vehicles. (Really old). Get your investment strategies happening early & often. I started investing at age 22. I also did not have kids or a wife. I have always dated. Just not married. Working on that in retirement. I was a hard working man. I retired younger than most. Today I live perpetually on twice my working salary. It will never decline. (I could live on roughly 3x my working salary, but just see no earthly reason to do so.) One day, I will gift some foundation or organization a nice pile of cash. I never had a crystal ball showing me the magic pathway. My parents mantra was save for a rainy day! I guess that I personally took that to heart along the way.
As for yourself, one can always improve your lot in life. But the age and manner in which you start is the most key factor IMHO. Time provides the opportunity for geometric growth in the overall investment strategy. I suggest more effective efforts and start by cutting back in the lifestyle department. Best of luck!
I'm starting to realize it when I'm already 32. Wish someone had told me that when I was younger.
My Dad says "If you think you're successful - you are" (he's 93)
doing what you like is being successsful
What a brilliant idea!
It’s all about your own mind. Possession is not key at all.
The biggest financial tips are simple.
1. Reduce your spending.
2. Increase investment, but realize how long returns will take.
3. Develop in demand skills, you can only reduce expenses so much. At some point you need greatly increase income.
4. Take time off and realize not working gets boring, find something you don't mind doing.
Agree w you Chris Phillip. Do what you love.....
Retirement is boring if you have no interests.
How long do returns take?
Quite a while. It's a function of how much you invest per month. Basically just get yourself to enjoy the investing until you get there.
I studied hard, got an engineering degree, worked really hard for a couple of years and paid off my student loan and bought a solid used car which I'll probably be able to use for at least another ten years. With the experience I gained within my first years of working within engineering projects at a stable long-term company I can now save roughly 50% of my monthly income after tax (either in cash, stocks, bullion or other long-term investments) and keep working (albeit at a much more smooth and sustainable pace) with what I love - intellectually stimulating engineering problems.
I have no "end game" other than being able to enjoy life and keep feeding my intellectual curiosity - the biggest obstacle and hurdle are other people within society - family members and coworkers who do not fully understand what it really means to be 'rich' and 'free'.
Ferraris and mansions are glorified cages.
Hej,,Chris,,Don't forget come to visit Finland
Very true, society will want you to conform to what rest of the people are doing. It takes lot of guts to say "wrong is wrong, even if everyone is doing. Right is right, even if only one is doing".
I retired at 35 and moved my family to Mexico to run my own small business. Life is so much better.
well done
@Jason Scott TizzanoWe love in a small town called Ixtlahuaca which is about 50 miles from Mexico City.
@@mrxtful What I’ve found in my travels and using crime stats for the countries I’ve lived in the closer you are to the seat of government the less violent crime you have. So we live very close to Mexico City the country capital which is also large international financial district so crime is kept under control.
@Jason Scott Tizzano Yes it’s pretty safe. We live in a gated community with security. We spend most of our time at home and don’t go much after dark. It’s a small farming town with very little to do so it’s really quiet or what most people consider boring. The larger cities tend to have more crime but here it’s nothing to worry about.
if you are running a business it means you are not retired.....what the fuck
This was excellent and common sense to some of us.
The "American Dream" is:
Buying stuff you don't need
With money you don't have (debt)
To impress people you don't like
I like this. Might steal it.
Welcome to it; pass the phrase on.
Great quote! It's from George Carlin
I know a lot of people that are very happy with their stuff.
Thank you for telling us where it came from, I actually did wonder where it originated from being from the UK.
7th time watching this video. I come back every month or so, reminding myself of my motivation and goals. This has been THE pillar video, the turning point, that has pushed myself in the right financial direction. Words cannot describe how important your content has been to helping me towards financial independence. Thank you so very much.
Thank you Justin. That was so nice to hear. We'd like to get the idea out there. "Enough" just isn't pushed by marketers for obvious reasons. Please consider sharing the playlist on social media.
@@Clarks-Adventure I agree completely. If only people realized that they CAN STOP. I.e. Some friends of mine just added another approx. $50,000 to their $500,000 mortgage debt, to build a wall outside their house, and they are 55yrs old. Like, when will they hope to pay off their mortgage, let alone another $50,000??? To me 'enough' just seems obvious but to others, I guess they are still heavily influenced by the earn & spend culture we live in.
I share this video with my friends a lot! Love it!
Thanks, Justin
How have things been going?
@@Clarks-Adventure Great! 8th time watching your video haha! ;)
Paid off all debt, doubled safety savings, and on track with our investments.
Also, got a couple of corporate clients now, so was able to invest more.
Lastly, our dream is not a yacht but an off-grid cabin. We're actually buying the land (cash) in 1-2 weeks! Crazy stuff.
It's all falling into place. Again, your video was the turning point. Thanks again!
I retired at 48, I’m also Hispanic everyone just assumes I’m on Social Security.💪🏼
This is the funniest comment I've ever seen in my life! 😂😂
hahahah nice one man i retired at 22 man and i honestly did not tell anyone that i retired besides family im living a good life style that i wanted and it makes me happy because im free to do what i want
edit: i onestly dont know what people think about me but my gaming buds think im a drug seller which im not hahahah idk why they asume that maybe bcuz im pretty young
@@sebano8418 may I ask how you were able to retire? I would love to learn something and apply it to my life
That is really freaking rude just to assume that someone is receiving handouts. Can't understand those people.
@@verapamil07 Jealousy brings out the absolute worst in people.
I'm 60 years old and past my financial independence goal over 10 years ago. I still work because 1) I have no family except one sibling so staying home / traveling alone was not palatable; 2) I enjoy my work and am paid very well with great benefits to do it; 3) I have daily interactions with co-workers, most of whom I like so there's constant stimulation; and 4) I still have a lot of time for travel and hobbies. I live frugally, have no debt, and no kids. I will be retiring in 2 years and start collecting SS - until then, I'll just keep working. FIRE is not for everyone, but the ideas / reasoning behind the movement are good.
Just means you have life figured out. Good on you.
I loved working as well. Just couldn't do it and voyage by sailboat. But I could have also been happy working throughout my life I think.
well done
No contradiction here. I don't have to work, but really enjoy it. Not everyone needs to leave it all behind and sail the 7 seas. You're living your best life and Clark and Emily are living theirs. All good!
Just a suggestion. You might want to research visiting the Philippines. So many retired people have found a loving partner over there to settle down with. It's a tropical cheap paradise!
I LOVE this!! I am also 36 and now retired. Just left the last corporate job a week ago and it’s over!!! The software job was so soul sucking and completely out of alignment with my happiness. And now the fun has begun. Even in one week I’ve become so relaxed. I see all the people around me- family, friends, neighbors, all on the daily grind and here I am floating above it now with Hawaiian music playing in the background :)
This is my goal. It’s about reducing stress and worry.
I’m a simple person. I definitely am a minimalist at heart with hobbies that don’t require tons of money. I also like having a smaller, cozy space.
I’m turning 30 this year. I hope to be able to hit fire by 40/45 through getting a higher paying job and building several streams of income on the side.
All extra side cash will be shoved into stocks and I’ll keep working my regular job while reducing costs and maintaining a LC of living.
I’ll work on what I want, but I just want the security of knowing I don’t have to work and I’ll be fine.
🎉🎉🎉
What did you invest in?
I suggest you watch the other "enough is enough" videos on our channel. There is a playlist.
It's all there and how to do it for yourself.
ENOUGH IS ENOUGH Series: th-cam.com/play/PLsT7_jPsZM5qJLYMI4fKYgZDJ2Huq8e90.html
I'm 50 been retired 8 years ago. I thought I was young retiring at 42 but you beat me. Enjoy every day. I do.
Hi Drew. How are you finding retirement? I’m 42 years old and worry I might get bored. How do you fill your time?
I retired at 48, bought a 43ft sailboat fixed it up for cruising and sailed around the world for 10 years. Best thing I ever did. Used the same philosophy as you all my life - be a saver! I live ashore now in a smallish house and am still saving money. Many other cruisers we met on our travels have the same way of life and are very happy.
Very inspiring story ! Just like Clark's story..I am 49 .will retire by mid next year having achieved my financial goals..plan to tour wonderful Europe for next 25 years...the problem is system of the society is very mundane ..we are the only ones thinking differently ..nevertheless I think making the decision is important and a first step as like you guys...all the best
I started working at age 14 on a farm. Learned to hunt, life skills. My friends always told me I was cheap!! retired at age 37.
Now 43 and still living a better lifestyle then most of my buddies. Live on cash not flash!!
It's funny that we need to pay through the nose in order to be self-sufficient these days. If you want to fish, then you need to pay for a license and can only fish in designated areas. Hunting, building your own home, etc. Nope, you need to pay for regulations and the "privilege" of doing that.
I am going to use that line I like, live on cash not flash
Are u married because my husband lives on flash. His moto is yolo. I’m frugal but I find that when it’s time to go somewhere I don’t have nice clothes or shoes. How can we find balance?
I believe the concept of "enough" comes down to contentment. Nothing is better. Life is so much more relaxed when you are content.
Maybe that's why the Spanish word for "happy" is "contento"!
I wish I'd had this mindset back when I was in my early twenties, 32 now. Time flies. I'm working on it now and trying to remain patient whilst also making up for those lost years. Go get it! :)
It feels like nothing is happening at first but as you get more principle your assets start growing faster and faster.
Stick with it! -C
Oh my, 32 is so young. I didn't finish school until I was 32. That's when I started earning a "real" paycheck. You have time, start now.
Same I wish I knew when I was younger.
I had a good chunk of money I could’ve stashed away completely into my investments while continuing to work a job that covered my living expenses.
So many missed opportunities because I just didn’t know.
You are 100% accurate on finding the right partner. Being with someone who constantly likes to shop and spend is stressful and relationship is doomed! Speaking from experience sadly .😕😔
I feel you. I'm in the same boat at 35, wondering if I could ever retire staying married.
Right. Do NOT hook up with a squanderer! Bad news!
Both my brothers earn more than $100,000 per year. They're both deep in debt due to expensive colleges for their kids as well as shopaholic - drug addict - alcoholic wives. They will never be able to retire. As Power of Attorneys for my Mom, they also wiped out most of her retirement money as well - under the guise of multiple cash gifts.
I have always lived on less than $15,000 per year - after taxes and health insurance. I saved every penny and am comfortably retired. I'll never inherit, because my Mom has very little left. Exploitation of the elderly is difficult to prove.
It's best to count on yourself and to find your own way. Life and people are unpredictable.
@@dianer8881 Unpredictable? "Predictable leeches" are more the operative words..haha.
Its extremely hard. In my 20's i saved up for my kids college fund, only to see it all gone plus another 50k in credit card debt on nothing but crap. I worked hard for my kids future just to see to it go to nothing was the hardest thing. Still married, I'm 30 now but still extremely bitter. And still dealing with it. Wondering when enough is enough.
A friend of mine said, "You spend the first forty years of your life acquiring stuff, and the last forty years trying to get rid of all the stuff." I wish I would have done these things thirty years ago. Instead I did what is considered "normal." I did turn things around in my mid twenties, and now I am planning to retire at fifty-two.
"Normal" doesn't really make sense, now does it? With the state retirement ages climbing up i could retire at ~70. To do what exactly. To be hardly able to move around? Waiting that long makes no sense what so ever. Especially since i'm a man and the average life expectancy of men isn't really that great. The current model of "work work work and retire when you are old" is just sugar coated slavery, even if you get paid well for it.
Pass this video around. Save your young friends!
I'd really appreciate the new viewers.
Here's something to add from my experience - Don't smoke too much weed otherwise it will be the only thing that excites you.
@T *sigh* You don't even know me.
"Be a welder, not a waiter."
Well said.
My old roommate made 400 a night waiting tables. Just up your waiter game.
@@justincruz8352 yup waiters can make a lot of cash,
You're on another level to the most of the other retire early gurus, who, bless them, are all about 20! You've lived this for years and therefore have real authority. Your story is excellent - it has everything. I guess more videos on this topic would be terrific!
On their way
😂 absolutely! Most “get rich” or “I’ve retired” videos are made by charlatans who haven’t actually retired and work freelance selling “systems” to get rich (even though they’re not actual rich themselves..). Good to see someone who’s actually done it.
@@Si1234321 Yes, and literally run from the pyramid scheme's.
I am a minimalist for almost 30 years...we live on my teacher's salary...put away hubby's salary and it's not a lot but it's enough ..live simple...I do drive a Jeep but saved for it...work side hustles as needed..1 child...don't get sucked into expensive lifestyle... be happy...we eat 80% vegan, homemade. Tell the Jones family to screw off ;)
I worked part-time and raised 2 daughters without child support. We lived on less than $15,000 per year - after taxes and health insurance. We just learned to live without. I saved every extra penny and am comfortably retired.
I tried working full-time, but I quickly got burnt out. So, cutting expenses was the next best thing. I've never regretted it. Freedom from work is everything.
You get it, you lived it. I hope this video felt right, it was my first try at something like this. If you think friends might benefit please share the message.
@@Clarks-Adventure Yes, I share this same message throughout the TH-cam universe. The rat race is nuts!
I call BS. I work minimum wage at 17k a year. Im struggling on my own. Single male at 28
It actually can cost alot more to live alone. If you have girlfriend or roomate to split the rent its a lot cheaper. Also split the bills.
I was 28 when I bought my house and now it's paid off, raised 3 kids at the same time with no support and made $13/hr. I'm now 37 and have two decent paid off cars and we're going to be remodeling soon with cash, cash is King!
Thank you, I have sent this to my daughter as an assignment to be discussed at dinner this evening (she is 17). Great way to open a dialog with points and suggestions. Thank you again for sharing!!
Your very welcome Leonard. It's always the best compliment when people tell me they suggested my video to their kids.
Thanks
If you have any other friends who you think might also like our stuff please consider sharing our playlists on social media. We'd really appreciate the new subscribers.
How did she take the idea?
I like the marshmallow analogy. I see many people my age "eating the first marshmallow" by spending money on temporary pleasures, and I just can't bring myself to do that. I believe growing up in poverty taught me how to be frugal with money at an early age. There was a time in fourth grade when my shoes were falling apart, and I knew my mom, who was single with four kids, couldn't afford to buy me a new pair. We lived in a shelter and she had just recently totaled our car, but 10-year-old me wasn't going to let that get in the way. After days of begging, she finally agreed to walk us and our "hobo cart" a few miles to the nearest dollar store to purchase $5 worth of candy. Although I could have eaten the candy myself, I sold every last sucker at school and ended up returning my mom's initial investment, as well as being able to walk to school in my brand new pair of shoes. Seven years later, I have a job of my own, but I still find myself saving the first marshmallow so I will be better off in the future.
Great story. Sometimes it is going without that makes us realize how to work hard and be successful. Thanks for sharing!
@@Clarks-Adventure right!! No problem. You have a new subscriber :)
We appreciate that Elizabeth. Would you do us another favor? If you think your friends might like this video would you share it on social media? We want to get this thought out there.
Awesome story.
Your story is olmost like my, but in another place! But I can,see your a pretty good looking now then does day's,can we write each other? Or you have a partner to write to,keep up the good looking looks
Watched it right through, brilliant. Clark's message is more powerful than anything we can expect from Davos so please everyone share this, we did, and genuinely help folks find their own happiness through all the fog. Thank you for a wonderful presentation.
Retired at 50. There was no stress for me during the transition as I had been dreaming about it and planning for it for many years. I've never been happier.
Any advice to scaredy cats like me? I'm 53 and losing my IT job July 1st. due to outsourcing. I have about 1.1 million. With my wife working, I can easily survive on $35,000 per year and look for a part time job.
You should be fine. You know 4% rule and all.
It's amazing how little you spend when you have time. Working costs money in that you have no time to work for yourself.
@@Clarks-Adventure Thank you. I've been planning early retirement for a long time and I am aware of the FIRE rules and the 4% SWR but keep falling into the trap of self doubt. I've been working since 16 so close to 37 years, it will be a major adjustment which in my 20's-40's never thought i'd have an issue with.
You are right. It will be difficult. A lot of guys die from the stress of retirement. In your case, being forced out a bit early, it's likely going to be harder.
But, hopefully knowing those feelings are coming can prepare you for them. I've been through it. It's going to feel wired but that will pass. Remember nothing is wrong. You have prepared for this. You did the right thing, try to enjoy your free time without guilt. You deserve it.
This might not make sense now but it might later if you go through what I did. I wish I had someone tell me it was coming and will pass.
Hopefully you will take to your new life with no worries and this is just a waste of time.
@@Clarks-Adventure Thanks for the words of wisdom. Much appreciated.
This should be mandatory viewing for kids in high school and college. 26 minutes of absolute gold! I've set a 10 year tentative goal and I do hope I can get there by my late 30s. Not as ambitious as sailing the world but a quiet life filled with natural beauty, hobbies and the occasional voluntary work assignment. Guys like you truly are heroes... Take a bow, sir!
Thanks.
How about sharing this link around?
@@Clarks-Adventure will definitely do so. Thanks!
I'm glad TH-cam suggested this video! I'm a 38 year old military veteran, and I reached my "enough!" Not that I have enough money, but I had enough of working in California just to pay bills, not following my dreams, joys and passions, and living a ordinary life when I know I'm meant for more. So I'm leaving in April to Spain to start traveling the world doing work exchanges through Workaway. I will also be making a TH-cam/Facebook show called ExChanging The World where I find people doing good things for others in their communities, tell their stories, and reward/surprise them anyway I can to help them! This is the best thing for me physically, mentally, emotionally, spiritually and financially. I hope to have some episodes ready in the Fall! Thank you for sharing your story, Clark!
@Jacob Crawford Wishing you all the Luck in your venture and may you find peace in all you do for others and most importantly..... YOU!
@@liongod1000 Thank you, Robert! That means a lot to me :)
Sounds like a wonderful adventure ahead of you.
@@Clarks-Adventure Thank you! I hope to help people make changes in their lives, just like you are doing!
Jacob Crawford Enjoy your travels! I left the UK in 2004 and never went back due to the high taxes and poor infrastructure (just like California). You’ll never regret it. I wish you all the best.
Thanks for the video and the inspiration! Been on a similar path of working/saving/investing towards FIRE. About 3-5 year away, depending on some choices. Avoided college debt by choosing skilled trades. Bought properties as soon as I could, and had house mates to help pay down the mortgages early. Spent most of my free time running, biking and hiking as well as eating quality food....taking care of my body and spirit. Chose not to be married, have children or pets. Always owned used cars (minimum of 80K miles @ purchase), paid for with cash. Currently drive a 1991 Honda and a 2000 Toyota (truck for work). Honestly I spent my 20's doing many things "right" but also spent more of my earnings than I could have. The last 6-7 years I have become more meticulous in my tracking of my spending, which has helped both in correcting "bad habits" and in inspiring myself to stick with it.....
Q
I'm your age and retired a month ago. I'm loving it and I appreciate your comment about how hard it is to stop striving for more! Time to chill and find my goals for Life 2.0
I know right. I was amazed at how that was stressful. Thought it might have just been me but I meet a lot of retired early guys, happens a lot.
I've gotten so many comments on that.
Best if luck on Life 2.0
@@Clarks-Adventure Turned 55 yesterday but it looks like I will have grind it out till 70 the way its going. If I was alone I probably would be able to retire. Was retrenched a few years back and had to dig into retirement funds to support the family. Still have to get them through varsity/collage ...
How have things been going for you?
Excellent advice for millennials!
At 48, recovered from a brain tumor, I’m no where near retirement. Made poor career choices. Currently work in the medical device industry and do not make much money & cant stand my work. Struggling to find a way to make up for lost time in order to retire. The idea of feeling trapped in life is at times overwhelming.
I work in Medical Device Reprocessing and I can't stand it anymore either. Researching Mexico, Costa Rica and Panama to retire. Not gonna happen if I stay in Canada
Would you all consider sharing our playlist on social media? We'd really appreciate the new viewers and your friends might benefit from the ideas we put out. Maybe save them from a job they don't like.
I retired at 42, traveled around in a motor home. Had to go back to work - chose real estate. Going well but back to work is nice. When I was retired I had a 5 hr stretch during the day when I needed to feel productive. Finding the balance while working and playing works for me. I will probably work the rest of my life as ling as I can walk and talk, but only 5 hrs a day.
Amazing! I've decided to retire in March at 43 - I have a similar story. Very inspirational! Thanks for sharing!
4th year in retirement. I turn 41 in May. Best decision to make enough.
@@jesusbalderas3449 I'm 41 and ready to be debt free. how did you know what your enough was? do you have investments? 401K? my problem is I can't figure out what enough really means and from what sources.
How have things been going for you?
I love your video, the concept of enough! I started learning minimalism from my wife then I started living frugally on-and-off. Then I loved to be content, eventually free from debt, being less greedy and less worried of what comes tomorrow. It's been 20 years since I've started reducing my hoard/greed character. And have been debt-free since 2014, it's a healthy feeling to be alive :)
Yep, you got it aldin.
If you think your friends might either enjoy our videos or better understand your life choices if they watched it, how about sharing our playlists on social media? We would really appreciate the new viewers.
I retired when I was 48, but I was not happy till I bought a Vancouver 27, and sailed of to Mexico
and got divorced. I single handed for about ten years and found a new love that enjoyed the sailing and the solitude as much as I did. still sailing but now on a Wildcat 35.
Thank you for your great video, oh by the way I did buy a porsche which I get to drive about every two years.
"Life is about the experiences you have, not your performance. No matter how hard you work and how successful you are you will inevitably be forgotten. Success is a transient treasure and it will never completely satisfy you because there will always be another goal to reach." I pieced that together from some forums posts I seen online around 15 years ago. I printed it and framed it on my wall and it's been hanging there ever since.
Chris Crabtree Some people need the goals. Some love their work and need it. There’s no “right way”, I would never give up my job and colleagues that I enjoy and give me meaning. My vacations need to be filled with activities and I can’t be still, it gives me anxiety and depression. You learn what you need to be happy:)
That’s deep
I'm 30 and partially retired. I have been doing my job for 11 years and I realized I did not want to work every day. Since the age of 26 I have worked 6 months and take 6 months off with my wife and dog and we roam the country in our motorhome. Prior to my motorhome acquisition I had a 36 foot hunter legend for 8 years and then a 23 foot westerly pageant for 2 years. BEST DECISION EVER.
I'm hoping to make a move like this! If you don't mind me asking, how much do you make in the 6 months in order to support yourself for the rest of the year?
Retired or just taking time off, there is a big difference. Retired means you have enough to be taken care of from 75-100 at $100k of care costs per year - that's what my fathers care costs annually. So are you really retired?
This is very refreshing to hear someone who’s done what i’ve done and i must say very very good
advice to anybody starting out or looking for change in there life.
Work towards goals, stay away from all forms of credit, don’t keep up with your piers and most of
all don’t be greedy and know when to stop.
My experience is the ones out to prove them selves being the biggest xxxx on the block are the most
miserable and loose everything...
24:21 "achieving is addictive" Wow, i have never thought of it that way. Great point to bring out and get my mind thinking about slowing down!
It's a month since I first commented here, & people are saying 60's is old. No way. 😂 I'm 65, I had mitral valve heart surgery last May & now it's all good. I could literally last 30+ more years, seriously. It's all about diet (veggies, fruit, meat twice a week), exercise (cycling for me), & zero stress. It's a great time to be alive, what with the excellent life planning & motivation TH-cam videos. Watch sailing videos b/c it's endless repairs & maintenance, get ready for that (the bigger the more repairs, plus electronics). It's made me re-consider a bit. Right now I'm working on a new fiction series to finish next year. I dreamt before of a 37' Beneteau (30+ years), now I'm thinking 30' max with minimal electronics. Really, the adventure is the journey of life itself, whatever you do with your days. I've even thought of buying a very used Chinese junk with a deck cabin, or a 35'+ used Thai dragontail boat for < US$ 8,000 ... Western yachts are absurdly expensive. 😉
I read your comment with enthusiasm then I saw you are writing fiction. That's great! I am also writer. I would love to have writer friend 👍🏻.
Sounds good...except the part with meat 2 Times per week.... Not the healthiest choice.
@@leonari That is just your opinion, and there are many people who would disagree. Please keep in mind that it is *not a fact* and do not judge people on their choices on public forums (especially if they already said they feel so healthy that they can last another 30+ years) You keep doing you but not to the expense of others.
@@bronzemansadventures1508 yeah it is my opinion. Period. What is a comment Forum for if not to post ones opinion? Did I say that I am the biggest expert in the field of nutrition? That people absolutely must listen to me if they want to live a long and healthy life? No I did not. So do me and everybody a favor: Look for someone else to school and take your entitled ways of comunicating and shove them. I am entitled to my personal opinion -so are you. We can agree to disagree. But that seems a foreign concept for folks like you.
@@leonari You are the one schooling people and pushing your judgement and unsolicited advice on others and I am inviting you to be mindful of that but that nuance seems to be lost on you. And when I make you aware of this, I get the response "shove it" - *super respectful* Jeez, you really are a joy to interact with...
I retired at the same age (got tired of hunting for jobs, dealing with idiots at work, etc) but didn't go on any adventures. Did become a full time stay at home dad however.
Perhaps being a dad is your adventure :)
Stay at home dad.... That's my dream
@@missionhappiness5883 It's not all that its cracked up to be. I probably wouldn't do it again. Can't go back after twenty three years of it. Not awful but miss the opportunities would have had otherwise. Also, no respect from anyone for doing it.
@@hagbard72 , being an active parent in a child's life day in and day out is challenging; being a stay at home parent...the struggle is real. the Plantation is always welcoming back worker drone bees. ;)
@@bocadelcieloplaya3852 Not when you're 61.
I have this poem up on my wall and it is fitting here now:
I have studied many times
The marble which was chiseled for me--
A boat with a furled sail at rest in a harbor.
In truth it pictures not my destination
But my life.
For love was offered me and I shrank from its disillusionment;
Sorrow knocked at my door, but I was afraid;
Ambition called to me, but I dreaded the chances.
Yet all the while I hungered for meaning in my life.
And now I know that we must lift the sail
And catch the winds of destiny
Wherever they drive the boat.
To put meaning in one's life may end in madness,
But life without meaning is the torture
Of restlessness and vague desire--
It is a boat longing for the sea and yet afraid.
-Edgar Lee Masters
Holy sh... this guy should be teaching finance to everybody. Please do more videos like this.
Thank you Luis.
I think I will. Please subscribe so you can see them when they come out, and if you liked this please share the video over your social media. We are just getting started and could use the viewers.
Also, you might like our other "sailing life" type videos. I suggest you start with our "Adventure Logs" they include a budget section.
This guy gets is paid by all these companies that appear on the screen while you watch his videos ...
@@constanzza777 So?
@@luisrolonluna2881 , this is his most valuable teaching...
@Connie. As does every other creator on TH-cam. It's like 1/2 to 1/4 cents for a commercial. Usually doesn't pay for the batteries in the sound recorder.
Thanks so much for this Clark! I've seen so many people in the 20s starting, 30s kind of into it, and 40s preaching the concept but to hear someone who is at retirement age and having done this for years (and thus went through not one, but two recessions), it's great to see that you were able to power through it all and still continue living that life.
Thank you Addison, this is exactly the response I had hoped to get when I started writing this. You made me feel good today.
Awesome!! Thanks for sharing this Clark. I took a similar path. Started in I.T. in the 90's. Owned my first house free and clear by age 30. It took me a bit longer, but I retired at 43. Now I spend everyday in the mountains doing the things I love. Anybody can do it. It requires a lot of discipline, it is certainly doable. This content provides a fantastic high-level strategy.
Good for you man. Did you stay away from marriage and children? Sorry if it sounds personal but just trying to see the big picture
That sounds great! What do you do for health insurance?
Just came back from the mountains and can't wait to be there for months at a time! I'm just not totally ready to give up a job yet.. not 100% sure it'll make me happier (I enjoy my job, mostly).
@@tinachavez8712 Study surgery online.
@@sdiggly I feel exactly as u,going to the mountains,but I don't think I am ready full retirement project😊
Thanks for organizing your ideas. I've done much the same. Except kids. They're worth it.
Great story - debt keeps people from living their dreams, pure and simple. Unless it's for something (real estate investment) that is going to make you money, then "debt is the devil". Live well and enjoy life. Safe travels!
You got it. I'll do a video on that someday. Debt for one reason only... To invest in making money. Not to borrow for marshmallows!
Alot of excellent points he made. Concise, helpful, and valid. Not selling his dream but guiding you on what he did but not saying you should follow what he did. The most important thing out of it all, at least for me was, 'Know when enough is enough' ie achieving is addictive. You don't need alot of stuff to be happy. If you chase stuff or money without limits, it will be a hunger that cannot be satisfied... But he is not even telling you to not aim high, if that's what you want, but for him and his goals, that wasn't the objective. Great video, and thank you for taking the time to make it and share it! 👍 😀
Thanks Ta Hu, so nice of you to say.
Do you have friends who might also like our videos? We would really appreciate it if you would share our playlists on social media. New subscribers is what makes us feel good about putting out videos.
@@Clarks-Adventure sure no problem.
I’m gonna be a diesel mechanic, I’m gonna start from probably 30-60k and end up at 80-200k. Hoping I can retire at 50-55
Wow what a powerful video. Thank you so much for sharing! I retired early in April 2021 at the age of 28 and now I am living my best life.
Thanks. And congratulations on your young escape.
Would you consider sharing this with your friends on social media? They might better understand you and I'd really appreciate the new viewers.
@@Clarks-Adventure Yes :) I ended up creating a TH-cam channel as well to show people that retirement doesn't have to be in your 60's
Great video I am 55 and have been retired for the past 16 years . It has been a great choice for me.
I realised in 1993 that the secret of work was to work my way out of work. I invested like crazy for years and retired in 2015 aged 47, as I had enough invested to derive an income and now I live.
invested in what?
@@freeourmind679 Simple passive index trackers.
I’m 23 right now and that’s how i see it. Haven’t even been in corporate for a whole year yet
Courtney Saunders yeah haha but I’m smart with my money and im making moves in my career so I’m optimistic :)
@@RobCLynch Same here Robert but I was a little TOO conservative, so it was 58 for me. No regrets. I made it to the finish line in good health.
THIS is by far the best advice on personal finance that I have ever heard and it is exactly what I need 1 year before I walk away from the 9 to 5 to travel full time in my RV. I hit the subscribe button and look forward to following you and Emily. Thank you and safe travels!
How have things been going for you?
You made me cry, I'm right in the middle of retiring. I saved and have the means to retire. I'm still scared to do it. Thanks for the insight. I need all the encouragement to this. Change is hard, you help me.
It sure is.
Just do it. You can always go back to work. You can't buy more life.
Please consider sharing our playlists on social media. We would really appreciate the new subscribers and your friends might like our stuff. -C
How have things been going for you?
@@Clarks-Adventure you checking up on your followers, that's wow :) I got a question, how did you define the amount of money that was enough ? thanks
It's different for everyone. I just decided how much I needed to live on plus enough to reinvest to keep up with inflation.
That's it, knowing how much is enough ! Great advice! I'm about to retire at 55 in a few months time. I know if I work to 60 I'll get much more money
But time is now what I value the most and not having to be a wage slave anymore!
Great video! Thanks
I've just become jobless. If I were single, I wouldn't think twice about retiring now. But with a fairly young family and mortgage it seems more out of reach. Your points are all spot on. It is hard for people who are brought up feeling joy by receiving frivolous gifts. I spent the early years of my life skipping lunches so I could save money to by the latest new toy. It is hard reprogramming a brain that has been brainwashed so heavily by commercialism.
Yes, I'm going to do a video in the future about reprogramming your brain.
The key is the understanding and proper use of the 4 big neurotransmitters.
I'm 31 and this has been my goal for the last 11 years, I'm so glad to see that you succeeded, hope to do so my self in 9-10 years :).
Keep living well :D
How have things been going for you?
At 53 I think I have enough. The transition is a bit nerve wracking BUT I have to trust my instincts. They have gotten me this far in life. You don't have to be a tech person to do this. I have been a carpenter most of my life. Devoting many hours to the improvement of my craft. While Carpenters don't make crazy amounts of money, we do develop skills that we can use to create wealth. I was able to buy a couple of run down houses and slowly fix them up over the years. Now as rentals they provide a relatively stable passive income. There are many ways to to do this. Find yours and stick to it.
Thanks for the comment. This video isn't getting a lot of views anymore. If you have friends that might like it would you share a link?
This is real good stuff. Went about this the same but different. By opening up, you and your Wife are really helping people Who will listen. Thank you for sharing! Thanks for Excellent content!
Thanks Randy.
Stick with the basic needs in life . Food, clothing, shelter and basic transportation. All the other stuff that you're wasting your money on is not necessary for life.
So enjoy life as much as you can as cheaply as you can.Don't get caught up in all of your possessions and what other people are doing. In the end you will lose it all anyway.
As the old saying goes .
I have never seen a U-Haul on the back of a hearse.
Nice
This video is getting crazy popular. Thanks.
I thought I might do another non sailing video. What would you like to hear about?
Where in North York?? I am in Old Forge, Adirondacks. Leaving soon though due to politics, taxes and cheaper land...
Do you mean putting into a 401k? I currently do 10% into the TSP. They match 5. I also max out my Roth. But I’m thinking I need to start a taxable if I want to retire early. I can’t touch my 401k until at least 55.
Clark there is a huge community around FIRE, minimalism and personal finance and investing here on TH-cam. Many millennials like me are interested in living a life where we place experiences over things. I think you have a special perspective and an interesting life to share with people as an alternate way to live. If you keep dishing out the advice on these topics people will keep coming back.
Definitely a video to understand your investment plan and thought process would be amazing
The elephant in the room... HEALTH INSURANCE!!!!!!!!!!!!!!! Duh.
We have almost identical life CVs...I retired at 34 and have been living on a boat ever sense...same ideas on housing and cars and enough and everything...except I will splurge on 1000 dollar dinners once in a blue moon and still run a company here and there. And I do sail to various parts of the world.
Honestly, I've been jealous to someone else's success for live. But you are a rare occasion that I don't feel anything like that. I'm happy for you. Typical motivational rhetorics is full of BS. And I've never seen a motivational speaker who has so much warmth and happiness in their eyes. Damn, you've disarmed me. I cannot find a single excuse not to follow your simplistic philosophy. Indeed, it's very inspirational just to know that people like you exist. You're the man! Thanks for sharing your insights!
That was so nice to hear @generalcontrol. Thank you. Comments like that make all the writing, filming and editing worthwhile.
WOW !...Thank you Clark, one of the best videos I've seen on living minimally and living your dream... & talk about hitting home, I'm 36, from NY, who growing up saved & invested more than I spent, I'm at the point of ENOUGH. I've been so inspired by your videos and others that I recently purchased my first sailboat, a Hunter 34', which I only paid 4k for (I feel I stole it, originally asking 20k)...the Hunter won't be my end all boat, it's a starter sailboat for me, once I learn more I'll eventually get a boat similar to yours, which is beautiful by the way,.. the ocean has always been my Passion, and always will be..i worked at a boatyard when I was 14, not for pay, but for a ragged old abandoned boat to fix up..but at 14 owning your own boat I felt on top of the world....now I'm 36 and this sailboat is the 6th boat I've owned under my belt. I dream of retiring now, and I could, but if I stick out 6 more years I will officially be able to retire from my job, at 42, with a very lucrative pension. So for now I'm stuck, in limbo, prepairing, practicing and researching your lifestyle, because I've never had such a stronger desire to do anything in my life. Hope to be anchored and having a beer with you shortly my friend. Cheers & thank you for being an inspiration.
You have an amazing path of adventure ahead of you. Sometimes it will be uncomfortable or down right scary but it has the potential to be an amazing life. -C
Losttime4me good luck man, enjoy your adventure for the rest of us who may never make it that far
This is so interesting! Can you make a youtube channel as well? Would love to see your process into retirement and Clark as your mentor??? Maybe in a few years, at the age of 41-42?
Thanks for sharing some life experience, much more useful than dry, cold facts in a classroom. This is a larger part of an awakening process going on for all of humanity, people realizing they do not want to spend years slaving away at some job so they can buy unnecessary items that wind up in a box in the basement. Health will become more important than wealth, a man's life will not be measured in how many toys he has but how much he has evolved in one life time
You get it. How about sharing this video with your social media friends?
My favorite video on TH-cam. I come back often to stay motivated. "Define enough or be cursed to chase more" has become my new motto. Thank you for sharing.
You're very welcome Randy
Would you consider sharing the link?
You beat me by 4 years, retired 6 months before my 40th BD. Cruised for 5 years on a 1962 Rawson 30. Now I'm a land lover in the midwest still retired for 27 years.
This video is inspiring! I recently downsized my apartment and we now only have one car, it sometimes feels weird to do the opposite when so many people are getting bigger and more expensive things but seeing people who are steps ahead of me in this journey achieving their goals is so great to see! It makes the sometimes alienating feelings of going against the grain feel so worth it.
How about sharing my playlist on social media. More viewers for me and your friends might have more understanding about how cool your choices are.
The TH-cam algorithm is getting great - it recommended me this wonderful video! I enjoyed every single second of it, thanks for sharing :) Achieving is indeed addictive to me, and I have no idea if it will ever stop... but just like you, I don't care about money per se. It's just a mean to live and experience things. We won't take that money to the grave anyway!
Really great advise. We’re on our journey to retire early too. The only bit of advise I don’t entirely agree with is kids. There’s no dollar value you can place on your children. The most rewarding & priceless thing you can ever do in this world is be a parent. It truly teachers you about unconditional love & selflessness that nothing else ever will. Retiring early can still be achieved. We have five sons & are on the path to retire at 55.
How have things been going for you?
"Debt is the devil". Every choice you make either takes you further toward YOUR dreams, or someone else's.
this is a very good looking 55 year old man.
😀
I am too lol
I agree...
This is golden advice! I need to make my own definition of "enough"!! Thank you for sharing :)
Thank you for the video, my wife and I just stopped working at age of 48 and 51. We just bought a sail boat and sold everything. Listening to you just adds confidence that we have made the right discussion. We did keep one small house and vehicles.
I still have a house as well. Sometimes expences just make sense.
If you are new to boating I recommend you watch our other videos, especially our capable cruiser playlist. If you are interested in the life fill time you might like our adventure logs as we talk about budget there.
I'm not in the habit of watching videos this long, but boy did your story inspire... well done!
Thank you Tony. I might do follow ups. You think they would be better broken in smaller pieces? How long?
My personal preference would be around 8 to 15 minutes long. Makes it easier to fit in between other activities.
Well I might do that in the future. They would be easier and we would probably get more ad revenue that way as well.
Do you think it would be a good idea to make more of this kind of thing? More detail?
Maybe talk about how I invest?
I'm interested in these kind of topics, so yes... I say go for it. If you spread out your topics over multiple videos you can go into detail more easily + viewers get to pick what they are interested in. What kind of editing software do you use? I'm learning shotcut at the moment, but I'm pretty new to video editing. Subbed you btw!
I have my own ideas about "enough" but I certainly share the sentiment, and I'm glad I'm not alone. Thanks for the video!
The first video I've watched about retiring early that breaks it down to a possibility not some pie in the sky dream
How have things been going for you?
This is what they need in every school!! This saves lives, and covers EVERYTHING! Bless you Both !
Thanks Cerro. If you think others might benefit how about sharing it on social media? We would appreciate the new viewers.
@@Clarks-Adventure Consider it done ! I'm sending the link straight to their phones 😉😂😂
Thanks
How have things been going for you?
did early retirement in my 40s by living cheap, saving, and investing. one point, concerning relationships, if you marry, and your partner doesn't have decent savings. because of the no fault divorce laws, you stand to lose quite a bit of your investments, if not all, in the event of divorce. in other words, if you are smart enough to retire early and understand investments, then you might also be smart enough NOT to invest in a certain type of investment that comes with a back-end load that is unlimited in scope, arbitrary, and capricious, and has the potential to destroy your net worth and life.
Good advice!
Gary Alan : MGTOW
Gary Alan #MGTOW is the only way to be. I’m 40 and have been single my whole life after seeing how women destroy families by taking advantage of no fault divorce laws
Hell yeah Gary, well said.
Sandman, dream me a dream, EH?
Thank you for this, this is just the kind of talk I needed to get started this path. I've been wanting to buy a boat, sail the world and live life on my own terms as you do. I've faultered off that path and I understand now what I need to do to get back on a path that leads to my financial and personal freedom.
How have things been going?
I’m 57 and live frugally with my fiancée in Asia. I suspect we couldn’t live a nice life in a developed country on our combine salaries. We both work online part time. We make somewhere between $2.5k to $3k. We spend about $800-1000 per month and save the rest. Our housing expense is only $150 including utilities. So our biggest expense is food.
My parents passed away recently in the UK and I was left 1/3 of their assets. All the calculations haven’t been finalized but my share is probably going to be $250k. I think I’ll reduce my workload to just 3 days and keep saving. I enjoy teaching so it’s no hardship to keep going. Maybe for 3 more years, if I’m feeling happy with the work. I think I could retire now and live off the inheritance for 10-13 years when the pensions from the UK and USA kick in.
Where do you live where housing expense is $150? That's incredible!
We live in Nha Trang, Vietnam. I suspect the prices have gone down recently because of COVID-19 and its effect on the tourism industry here.
@@martinfoster5163 oh ok thank you for the reply :)
I really enjoyed what you had to say. I am 30 and slowly starting figuring out what I want. Its very hard to come to terms with it and even harder to take steps in that direction because then it becomes a reality. Hopefully I will make it and be FI by 35.
Awesome story and I love Emily's braids so unique and carefree. Minimalism is so interesting to me, so I'm glad I clicked on this video. Thank you!
Thank you. That was such a nice thing to say.
So much wisdom in one video.
Thanks David
I too retired at 36. Working was interfering with my social life.
As someone looking to join the FIRE movement, this helped so much! Thanks Clark!
You're very welcome Caleb.
Hope you find our other videos useful. There is a lot for the new investor here. I'm trying to make a collection that I'd have wanted when I was first starting. Also you might like our sailing stuff.
If you think others would also like our work how about sharing our playlists on social media? We'd really appreciate the new subscribers.
Inspiring video! I'm 46, no children, everything paid for, and funding my retirement account to the max. I would love to retire early. It's something I've been thinking about, for several years.
How have things been going for you?
You can do this! Start investing where you can earn passive income in dividends.
Thank you Clark & Emily for your inspiring journey. I am excited to be on this path and ready to fulfill my purpose in life! :)
You're welcome Shama, best of luck. The rewards and we'll worth the sacrifices.
If you have friends who might like this how about sharing the link?
Thanks Shama,
Fore some strange reason your recent comments didn't "stick". I sometimes get a notification but find that the comment was rejected.
Did you include a link or anything that would have bothered TH-cam?
I'd really like to understand this, I appreciate your help.
live below your means, best advice ever.
So tired of hearing "live below your means ". Ughhh. I believe in pushing it to the limit. If people could find their passion and chase it, that is what life is to me. There has to be a balance of saving for the future and living for the day. I have been fortunate to be able to have taken dream trips as well as having nice stuff in my house, boat, vehicles, stereo and surround sound systems and tvs to the moon. My passion is fishing and $ is no object. Have fished many places in this country and outside this country. It has taken me to beautiful locations.Multiple outdoor activities including skydiving, kayaking, skiing, water skiing, etc etc. I traveled single and traveled with my wife. I bought my retirement land 16 years ago before I met my wife knowing that is where I wanted to be. Luckily my better half agreed with me. 😁 I'm 51 and plan on retiring at 59. Everyone has to have a plan. Can't just float around life. Live clean, eat clean. I realize that time is limited to do things before s hits fan , alot of people never get it and put money away for a time that will never come. Sad! You have to strike a balance between saving for tomorrow and living for the day. Carpe Diem!
I am glad to have come across this video. The information is very valuable.
My only critic is that in order to be able to stop working at such a young age living frugally isn' t enough, you need to earn tons of money when your young, which just a tiny percentage of the population can achieve.
Also living on a boat is not cheap, maintenance is not cheap, docking fees are high, you have to pay insurance etc, etc. It is a great lifestyle but not a cheap options.
Having said that, the video is great and very useful even if you don t plan to retire in your 40. Living within your means is just common sense that doesn t seem to be too common these days.
Exactly. Not everyone is capable of being en expert in complex fields like tech which can result in them consulting and earning lots of money. Most of us are doomed to average jobs because we just don't have what it takes. Otherwise everyone would be doing it.
James Taylor Read a book by John DeMartini called “How to make one hell of a profit and still get to heaven” I used to think like you until I read that book 8 years ago. I followed every step in that book and now I’m financially very secure.
thanks, i'll give it a try! @@thebritishindian1
James Taylor - I used to think the same thing. At some point I realized my goal was to make money and I didn't care if I liked the job. So I started asking random people I met how much money someone in their field makes and what training was needed for them to get their current job. This information is not talked about on the internet and is hard to find out without talking directly with people. This habit of questioning revealed a lot of job positions that aren't really considered careers but pay pretty good $35K-$50k. Eventually I discovered a job wrking for a cable company where they provide the training! The whole time I worked I asked other people in the company how much they make and what education would be needed. I openly let it be known that I was looking for higher pay. I would chat with customers in the field about their careers and get ideas from them. Eventually workmates would come TELL ME when new job positions opened with higher pay. I now realize you don't need a college degree to get pay raises. You simply have to find out what education is needed for specific jobs. The more specialized the better. If you can't find a job where you live....Move!...Or learn to make money on the internet.
I would also like to mention...You would think all these people in technical jobs would have a bunch of college degrees but it turns out the whole IT field are just certifications. So you just read a book and take a test, then BOOM your certified. Right now I'm about to take a software "bootcamp" class that teaches you how to write software with different programming languages. It sounds complicated but that's what the class is for. I know nothing about software but I'm paying money for someone to teach me. Thats the basic process for everything....1.) Find training, 2.) ask people where to apply for a job...do the job. 3.) During the current job start looking for higher paying jobs and what training will be needed to achieve them.
If you live in a town or state with few jobs...MOVE! That's what I had to do.
Thanks Caleb. I appreciate the advice! I'm in a town where unemployment is fairly low. Moving has crossed my mind but it's so hard to leave everyone. I'd be starting in a new place alone. But I guess there is no other alternative. @@__-pl3jg
The planet is not full, have as many kids as you want/can. Life is abundant, it’s not about ambition, it’s about living a fruitful life. I like what he said about defining it for yourself, when you know what you want you’ll know what kind of fruit you want your life to produce.
Have got 3 kids. My country (Germany) does not have enough kids so I have absolutely no regrets about that.
@@billy77511 Median age in Germany is almost 10 years older than in the US, oldest major country with Japan. Don't think legal or illegal immigration will fix our demographic time bomb, especially since it isn't merit-based
This is the first video that I see about financial freedom who says enough of that programmed life but also enough money to live frugally. And I adhere so much about what you just said, actually doing it every day as much as I can. Thanks for charing Clark! ENOUGH
Self discipline level 1000! After a few months things start to become habit though, so just take one step at a time
Thank you. Watching this video makes me feel good about the plans I've put into place years ago! I'm no more than 4-10 years from my goal of being a "citizen of the world"; this video helps me to keep pushing!
You're very welcome Shaun.
Would you consider sharing our playlist on social media? Your friends might also like our videos and we would really appreciate the new viewers.
@@Clarks-Adventure Thanks for replying and I'll definitely help promote your videos