I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
🎉 You all inspired me & I quit my job yesterday, I'm 53. I was looking into the countries you mentioned & I have my 500k IHG points but I was able to book a year worth of cruises for about $1k/mo so I'll live on cruises first then branch out to maybe Thailand or one of the other places you mentioned. I also took your TH-cam class & I will give that a shot soon. THANK YOU SO MUCH for leading the way. 🏆❤️🎉
That is 💯% awesome! You took a leap of faith, and that's courageous. I wish you a very happy retirement and lots of meaningful fun and you continue living with purpose. Safe travels as you live on the cruiseship and, beyond that, traveling to and living in Thailand and other countries!❤
I love what you are doing, but HOW in the world are you able to get a year's worth of cruises for about $1K per month?!?!?!?!?! We would love to sign up for a deal like that. How did you do it? Please and Thank You.
Amelia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
Great video, one that folks really need to watch. I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly. My financial consultant has been patient and has done a wonderful job for me throughout the years.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation and I seek a more lucrative investment strategy to effectively utilize before I consider retirement
I just turned 44 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I'm getting worried about retirement, my intention is to retire at How best do l maximize my savings of over $220k
As much as I enjoy all of your channels,.....the best part of your videos is the love and respect you show for each other,....and the back and forth between the 2 of you is flawless.
What you are doing sounds awesome. I would love to know how you discovered this way of life and how you got started. This is something that I would be interested in doing soon. I enjoyed your video. I just found your channel. Thank you for sharing.☺️
High prices for everything have severely affected my plan of retiring. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial marketsRead more
My CFA ’’ Stacy Lynn staples, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
This is my fifth year after retirement. I’ve been following the 4% rule thing I saw on a TH-cam channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get worried.
Amazingly, you were able to save that much during your active years. Not a lot of people can save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
Hey, this caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t know how to find one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Julianne Iwersen-Niemann for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
My story is similar. I sold EVERYTHING and moved to Mexico and paid cash for home/car here. Only regret is I didn't do it sooner because it's been a great experience.
The worst part is the people working hardest are getting the least remuneration for their efforts and then shamed in the media for not taking more hours, more work despite the poverty wages. 40% of people in work need state support. That’s a reflection of greed not poor work ethics by working people. This is being done by design, by greed.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate and stocks.
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@@rougeur I've always delegated my investment decisions to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
*Mr Gary Mason Brooks* a highly respected figure in his field. I suggest delving deeper into his credentials, as he possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
The fact that you have income stream of $4000 per month makes all the difference and don't need to tap into your $300k. I doubt that will be able to do it without the income stream.
Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
I’ve been saving for a long time instead of investing, and right now I only have about $250k. I'm not sure how to make it grow into something substantial that I might use for retirement. I’m just here for ideas
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single Dad and i live in Florida, i bought my first house in September and i hope to retire next year at 50 if all goes well. Thanks to Mrs Angie Chen Owens for helping me achieve this.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
First of all I must say, you guys look good together and the $4k monthly already set you guys well for this journey so I guess the moral lesson here is to figure out how to get up to this type of monthly income… but I can’t think of anyway that wont be like slavery to I and my wife
Very true but this depends on the way you decide to look at it, In these situations, you have to find a way to make your money work for you… meaning you might need to employ a professional to handle it..there is a lot of money in the online space and people don’t realize that
I agree as I am a living testimony.. tried to dabble into the trading world with no experience and no help just my little finding, almost lost everything until my wife found our FA right after covid… now we make over $150k monthly even after paying our commission and reinvesting… A licensed professional can never go wrong in my opinion
There are many FA to work with as far as they are licensed but I work with Mrs Anna Rounds Fay and you can look her up as she is popular in the US… courtesy of my wife🤗
I agree… I had to get an FA after doing a terrible job working for myself… now I make about $80k monthly after deducting commission and taxes… some people are made for this field.. so I try to pay the piper and let division of labor do its thing
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thanks For clearing that up, I curiously searched for Stacy Lynn Staples on the internet and thankfully, I came across her my goal is to retire in 5years time.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?
Look up, dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, you should work with a financial advisor to help set up a well-structured portfolio.
@WilliamsJulians Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
@WilliamsJulians Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
@@alexgrinage I don't think those are real people. I see the same exact exchange in the comment section of virtually every investment video I watch. a. "I'm new, I've got some extra money, what should I do?" b. "Get an advisor. Mine made me a lot of money." c. "Who is your advisor?" d. "Blankety-blank". e. "Yes, I looked at her/his website. He/She seems pretty good. Sending an email now. Thanks."
I’m 53 and retired 2 years ago with about $1000 pension and $750k cash that I earn $3,000/month invested in cds at 5%. I never touch my principal and when I reach age 62, I’ll have another $1800/ month hopefully. I’m actually retired and don’t need to work to produce an income stream as I’m debt free and money conscious. I just returned from Thailand and Vietnam for 3 months where my budget was about $1800/ month.
@@cypress_piper when you buy a cd, the coupon or payment frequency is listed as monthly quarterly, biannually or annually at maturity. I have most of my cds paying monthly and a few paying quarterly but monthly is my preference. Usually a cd paying monthly has a slightly lower interest rate but usually very close to other rates.
You lost me at “we have a $4000 a month income from working online “that’s not being retired. If you’re earning just under $50,000 a year, that makes your lifestyle feasible. I’ve been hoping to find out how you actually RETIRED with $300,000. 😐
Yep. What they are saying is you can exist or survive on $300,000. Using the 4% rule that’s $12,000 a year which is technically doable but that’s no way to retire. You need money for visas, emergencies not to mention fun, activities, more travel., etc. Do you just want to exist in your retirement?
So glad I found you guys. I’ll be busy going through your back log. ❤ Traveling full time is my retirement dream but my husband is a maker and probably won’t give up his workshop completely. My compromise is to “snowbird” in a different place each year but we will see where we are at when the time comes.
You mentioned house sitting on then I spent an hour down that rabbit hole and am AMAZED at the beautiful homes all over Europe in places I want to see! Two years to go until 62 and then we'll have our $4,000 per month in SS and work pensions without touching our savings! I'm so excited!! Many, many thanks to you both for teaching us that it's possible.
I am kind of doing the same thing. I will have a pension and 401k, with no savings (retiring at 54). I'm moving in with a friend to cut down on expenses here in the U.S. After taking a break from a serious illness, im going to work at least part-time to pay off some bills. Then go abroad at some point. I want to go to Europe. But I realize I need more money. Hopefully cutting down on expenses for a few years, I can save.
I am kind of similar to you. Just retired two years ago with a pension, also receiving disability from the VA. I had plans of moving to Portugal, but accommodations are getting too expensive over there. So I am going to Colombia instead. My girlfriend who lives there mortgage will be paid off within a year, and I thought it would be a better idea to built up enough money after, to put down on some real estate in Portugal to keep accommodations very low. So I think Colombia would be a better financial path to Portugal. It may take a couple years, but it’s better than going there paying rent at the same rate as I would hear in the United States. Make sure you go over all available options. My first option was to go directly there and figure it out without a long term plan.
I agree I had to do my own numbers also. I lived off of less then 15k per year for 12 years while working full-time retiring next month and plan to live off 15k till I die, let's just say that's way less than 1 million and I am happy living this way just trust yourself and don't listen to much to others.
Watching your video today lifted a lot of my worries. I can’t thank you enough! I am close to retirement but have always felt nervous about making the jump. You set a great example for us that we can always make things work if we are willing to make some changes.
Recently sold my property in FL and bought overseas, paid cash and I’m currently getting it ready to move. Took an early retirement instead of playing the US game. It cost too much money to make a few bucks.
I'm convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around 200k in a HYSA and want to invest it. What are the best opportunities now?
To minimise risks and maximise growth, I think investors should begin with S&P 500/ETFs for a strong foundation, diversify across asset classes, and continue with disciplined, frequent investing.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
This intrigues me. I've looked up financial advisors online, but finding one to connect with is a bit difficult. Do you mind if I ask for your recommendation?
I have stuck with the popularly ‘’Celia Kathleen Martel” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
You both have been a wealth of information and so helpful in our journey to retirement. Thank you for this video, I’m sure it was not easy opening up this much about finances but boy it was very comforting for my wife and I to watch. We have already sold all our possessions in our house and we close on the house tomorrow. We board a ship to go to Rome on April 21st and spend our first two months in Italy, then on to Croatia and the Balkans until we head back to visit family for the holidays. Keep up the great content we love watching you guys and are thankful we found you on TH-cam
Your channel is such a blessing to everyone who needs a wake up call to think outside of the box! Can't say it enough, THANK YOU! Stay safe! Stay happy!😊❤😊
I'm retiring this year with $350k and my only income will be dividends. I'm moving to Cambodia as a base, and will travel from there. One thing TH-camrs never mention, is the visa situation. There are very few countries where you can permanently live or get a retirement visa unless you invest a lot of money. You have to move every 30-60-90 days, or do visa runs which don't guarantee that the customs agent will let you back in. It's not that simple unless you are willing to live in your suitcase 🙂
I'm in the process of getting my residency in Ecuador. If you have a bachelors or higher, you can get permanent residency. That's literally it. If you don't have a degree. You can put 50K into a CD for 2 years and earn 8-10%. That's literally all you have to do. Get permanent residency and then in 5 years, u can test, become an actual citizen and then have 2 passports. Panama is very easy to get residency as well with 0 investment
Love your channel and videos. Amazing life you are living. I retire at fifty years old, seventeen months from now with a roughly 80K/year pension. Slow travel here I come!
@@GroundedLifeRetirementTravel My family and I are interested in traveling literally everywhere! We visited nine countries in Europe over a month last summer. Italy is on our short list if we actually move and become tax residents. We may just establish a condo in an income free tax state in America and slow travel. Our time will be spent in Europe, Central America and Southeast Asia. Hopefully we have a long time to experience the world like you two. Thank you for sharing all of your experience and knowledge.
The lessons you have to share remind me of the principles in the book “your money or your life” :) sooo nice to hear y’all’s lived experience. Very encouraging. Thank you for sharing!
Thank you for this video! I’m getting ready to leave the US soon! October or even sooner! I too, don’t have a lot saved but I will make it work and this video encourages me that I can make it work!
I love how so many of the commenters say $300k isn't enough - majority of Americans (singles and/or couples) don't have anywhere close to that amount saved when they retire. In fact, majority of Americans live paycheck to paycheck.
No shit man , I just applied.for SS , turned 62 in December.'23 they'll be sending me 1500. Month . I figured better get something back before the politicians squander all our money. I've been working all my life . bought my first car at 16 no help from mom even less from the loser my father was , tossed money into the pot every week like most Americans do. So I encourage all to take SS early while you can.its only a matter of time before the bottom drops out.
Totally agree with you. I laugh when I hear news stories about how the average person will have less than 500k when they retire. It is way way less then that. I'm not sure where they are getting these numbers from, but they aren't true.
@@orionvassi exactly! Also a friend of mine lives in his camper and even though it's tight, he's been living off of Social Security while in that Van and doing just fine and has been doing it for just under 15 years. Yes, it's not the preferable choice, but it gives some people hope who think they are doomed to homelessness, just because they don't have 100k+ saved up.
To pay for living in a house can easily cost $2,000 / month mortgage - $750.00/ month taxes - $100.00 /month insurance - $100.00 /month internet - $50.00 /month water - $ 150.00/ month for keeping the home updated . Then comes a furnace replacement, new roof , new kitchen, ect. That's already $3,150.00 and may easily be more. To own one car can come in at $600.00/month with payments, insurance, maintenance & fuel. And this is for only a modest car. Now we are up to $3,850.00 /month . One needs to earn about $ 4,600.00/ month gross to net $3,850.00 net. This number is only for housing and transportation and nothing else. No wonder half of the country lives paycheck to paycheck . The great American dream is now a nightmare . Your thinking makes a lott of sense.
A lot of people live well in America without a house or a car. I've rented the same $1200 apartment for 6 years and my rent has never been raised. I take public transportation and rent a car every few months when needed. My total expenses are under $2000/month. The trick is to stay out of debt and stick to a budget. It was only when I got rid of the house, car and other things that I stopped living paycheck to paycheck and was able to start saving.
Wow, you nailed the expenses. With a few tweaks that’s my budget. I have a beautiful pool home on the golf course and drive a hipster car, but I’m bored. My adventurous spirit needs to go.
The new American dream is to leave the USA. And, why not? My great grandfather left Norway for the USA in 1905 for a better opportunity. I can do the same by leaving the USA.
What an absolutely fantastic blueprint you all are providing for living a life of fun and joy! This is very much appreciated, especially your detailed summaries of budgets, costs for different regions, etc. Thank you!❤
your journey wouldn't be for me but i am so HAPPY for you ... thank you for showing others that there are options out there and is certainly doable with less than a million ... Bless you both ...
I've been watching alot of your videos of late and was wondering how much it was that you started your early retirement with. Thank you both for very entertaining and informative videos.
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
My CFA “Izella Annette Anderson” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Can you do a post on your investment vehicles? People always talk about invest, but never tell you how. Thanks and keep up the great content. I always look forward to it.
Excellent advice. Thank you for mentioning the mental aspect..the relief of not needing to maintain a property, furniture, HOA fees, taxes, utilities..the list goes on. Definitely there is a way & the "adjustment" might bring far more pleasure than one realizes prior. Well done.
These are my concerns when staying in a foreign country. Will you get the needed medical care, difficulty getting the required prescriptions, eating out daily, which is unhealthy, how clean is the air?
This is my 2nd video that I have seen you do this week and Yes, I clicked the Like and Subscribe buttons. The first one was the Vietnam video, IHG with the awesome food, prepared basically just for you for FREE! My wife and I have retired 2 years ago (age 60). I am guessing if I knew what you have taught me so far, we would have retired 10 years ago. We love your videos. I will be watching all of them to help us plan even better. We love to travel and cannot wait to explore more of the world. You have been very helpful. Thank YOU!!! Maybe someday we can end up in the same city for a bit.
A couple of questions that I have about this amount. The first is, as you grow older, and enter the Slow Go, and No Go years of retirement, are you expecting to maintain the TH-cam revenue each month? Does TH-cam pay for past content, or only new content and active subscribers? If that $4000 a month on TH-cam goes away, this could make things very tight when you aren't as mobile. Second, what will the health care and coverage situation be for you as you get older and looking to settle down and not being as mobile? Can you get health care coverage? How much is elderly care in places like Thailand? Are you no longer US tax residents? I am assuming that revenue currently generated requires tax payments, and that also eats into your after-tax budget amount. 5% return on $300,000 assumes the market will cooperate or bond yields remain high. Continued good luck to you both. Enjoy the travels.
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.
Thank you so much for this. We've lived in Thailand before and traveled pretty extensively. It was 10-15 years ago through so we were curious how much it went up. We are planning to retire completely and live/travel overseas when we turn 50.
I'm moving my 401K into an IRA right now, I'll be putting most of $600,000 into various dividend paying stocks, ETF's and REITS. I am 59.5 now but will be able to easily live off of those dividends. I also should have a 2-3 year cushion of cash in a HYSA on top of that by the end of this year when I pull the plug on my job. I'm really looking forward to it.
Yes. I did charity for years. Sorting and pricing to get a profit to provide funds for many projects for global health care. You opened my eyes to an avenue that will help my family who struggle everyday. You rock.❤
I really love the numbers. It seems everyone has anxiety about whether or not they have enough to retire. I'm about in the same ballpark as you and just knowing that somebody else did it, eases my anxiety quite a bit. Thanks for the video
Sorry, I would not retire with 300k unless you have other income sources as they do. They are still working and not relying on their portfolio. I have 4x the amount with a future pension and I'm still afraid.
@@beatricerights I recommend you look at how much income your investments produce (dividends), then look how so many others are slow traveling for $1200 - $3200 in Southern Europe, Eastern Europe, South America, and of course South East Asia. 🌏 The hardest is to take the first step. Good luck 👍 And it sounds like you are in great fiscal shape to slow travel the world 🌎
@@beatricerights Fair assessment. The problem is, with 300K, if the market takes a downturn in the beginning you will be wiped out. As long as you can make money even if it couple of thousand per month on the side, then you can manage in cheaper countries outside the US.
Probably says this already but my wife and I love y’all’s channels. You and a few others inspired us to start our own and finalize our early retirement/full time travel plans.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I can't get enough of yiu content, experience and expertise on the alternative approach to retiring. Thank you. Can yiu guys share how you deal (or dealt) with the detachment from family/friends?
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for sharing! I am planning on retiring after this year at 55. I feel good about my finances but the one thing that does worry me is health insurance. Can I ask what you folks do about that?
Doctor and hospital cost in South East Asia is very inexpensive. You don't need to pay health insurance every month and don't even use it most of the time. In Asia, you pay when you see a doctor or get any type of surgery. It is not expensive at all. Good luck.
do you acfually feel retired and free though? Seems like running the youtube channel, website, photography business, and non-stop travel planning would be a ton of work and just like another full time job. I still love watching you though and dreaming of following suit.
We no longer do the photography sales, and we spend about 5 hours per week making videos, which is like our hobby. So compared to our 50 hour work week, yes, very free!
@@GroundedLifeRetirementTravel A decade ago I started googling... how to get out of the rat race...& stumbled upon vanlife, which I thought was the answer until I discovered your channels. Now I'm thinking, living full time in hotels, on trains and cruise ships like you guys would be living the dream. Love your videos!
@@baconegger1450 I am trying to get out of the rat race and have been curious about vanlife. I'm fascinated by it, actually, and currently looking to purchase a small van. Not ready to make the leap but I might start off with outfitting it and taking a few road trips to see how it feels. I wish you the best on your journey of discovering what's best for you!
Am very interested in your videos. I retired almost 2 years ago. My total investments was just under $300,000 at that time. I started saving late at age 60. Then it became difficult to save as life happens, and suddenly I was raising my newborn grandson. So, on top of trying to save for retirement I was also having childcare expenses including daycare while I worked, plus court and lawyer costs which eventually included adoption. That slowed down my retirement saving plan and retirement took on a different look since now I had a child to raise. I am a Retired Registered Nurse, a single mom/grand mom, so my income was ok. I was scared about my financial position retiring, still am, but am making it. I get a total of about $5000 a month from social security and a small widows pension from my late husband. So with that I have not had to touch my ‘nest egg’ and have left it invested in index funds for the past two years. It has grown nicely since then. Prices have gone way up where I live, including my rent. So this year I have decided to finally touch my savings for a down payment on a small house in an economically more reasonable area. This area is also close to a lot of fun things to do, nature, lakes, and near a touristy active city. Fun stuff for myself and my child. My plan is to never let my savings/investments dip below $300,000. To use that as ‘principal’ and yearly skim off about 4%, maybe a little more, as ‘bonus’ money for fun stuff. I’m going to keep our living expenses under our monthly $5,000 budget from Social Security and widows pension. It might take some careful planning but I think it’s a do-able plan.
HEALTH CARE IS ONE OF THE MOST EXPENSIVE COST WITH RETIRING. HOW DO YOU HANDLE YOUR HEALTH CARE, VISION & DENTAL CARE COSTS. WHAT INSURANCE COMPANIES DO YOU HAVE OR CARRY
Once you get out of the US, healthcare will no longer be the most expensive cost. Once out of the US, healthcare is either free or an actual reasonable cost.
@@JustinPratt1 it becomes a big deal even outside USA if you have a major surgery, stay in ICU and need specialized care for a longer time... for instance, mexican healthcare is way more expensive now than if you are in USA and have low income and get Obamacare discounts or even medicaid... it's true that usual checkups or labs are much more affordable aborad, but major stuff can put u in the hole for 50K-100k usd..
@@yestohappiness2721 yes, but you can also get very reasonable catastrophic insurance in Mexico. The insurance would cost a fraction in Mexico. You don't have to pay out of pocket for everything in Mexico (been living in Mexico the last 3-1/2 years.)
@@yestohappiness2721 or another example. We are moving to Spain and a private healthcare plan required for the visa is like $75/mo with no deductible or copays and also covers all dental and vision. A lot of places out of the US will not suck away your savings if you get sick.
Just started following you. Would you be willing to share what your online income of $4,000 a month is attributed to? Is this with your TH-cam channel?
Technical analysis, sharp insights, and solid strategies are crucial for success in trading. Understanding market trends and making informed decisions can make all the difference. A big shoutout to Laura Grace Abels for her exceptional guidance and support in mastering these essential skills! so glad I started her program.
Where are you tax residents and how do you maintain that? I'm always confused listening to international nomads because U.S. citizens have to file taxes. I've wondered if people establish tax residency in South Carolina with just an address with a mail shipper or something. I don't understand how it works.
Most people just use a family member's address. If you're changing states, you just have to make sure you break the residency link with the old state, changing driver's license, voter registration, etc.
I live abroad and have to file taxes. I don’t pay anything in federal or state taxes because I’m out of the US for 330 days out of the year. It’s called FEIE. I only pay my social security and Medicare when I file. I’m 28.
What about a social group? How do you socialize in a foreign country where you don't speak the language? Also, what if your portfolio drops way down? Returns aren't guaranteed.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q4 2024.
MARISOL CORDOVA is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
How much does medical coverage/costs factor into budgeting for this kind of living arrangement? Do you have an emergency fund set aside for unexpected expenses outside of monthly budget?
People are facing a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
I Researched her credentials and found she possesses over a decade of experience and serves as a value through different resource for individuals seeking guidance in navigating the financial market.
Beautiful to see you both have taken control over your time on this earth. Thank you for sharing the fact that time freedom is feasible even to the hopeful individuals.
Thanks for this practical assessment. Our finances will be determined by an inheritance, ss and small pension. It looks like we could just about swing it. My issue is that we have a 90-year-old mother in assisted living and we are her only family to provide care. We also have an aging dog. Currently I feel so trapped and I have "itchy feet" but eventually we'll be free to travel as we like.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
$300K is a little bit tricky number. With March 2020 stock market dip do you still expect $1000/month dividend income even in safe vehicle like index funds. I like the way you planned your travel and make it work. Now, your annual income is more than networth all these years working. Luck favors the brave. Enjoy!!
$1K is only 4% of $300K. It's actually quite a low estimate. Even right now with the current HYSA rates you can get 5-6%. There are multiple funds that are paying out 10%+, they just involve more risk so like with everything, it's up to what you can personally handle. Even if you didn't invest it at all, $300K will last 25 years at $1k/month. It's a lot of money if you're frugal.
@@mogain9258 From 1929 to 1992, the inflation adjusted capital appreciation of the stock market was 0%. Thats 63 years without any appreciation.....Zero. So much for market dips being 'short'.
question: you mentioned about your previous $4000/month online income before you retire travel, can you pls make a video talk about what's that online income is? Website, affiliate, youtube or course? And can you pls make more videos talking about your youtube or other video income? Thanks. You have so many youtube channel, how you could only spend 1 hour every day making videos for all these channels? You hired video editor?
As always thanks for breaking this down in such a clear manner. I think it can be difficult for some people to grasp what retiring from a RatRace type job and career and being able to find your passion project. Be it fishing, playing golf, volunteering or even creating content around traveling the world and financial literacy. 😊👍📺💡
This is such an original idea that you guys have created. You guys are brave to do this and are pioneers to what I believe is going to become a mass movement within the next 15+ years or so
Being able to listen to the "how" of your lifestyle is wonderful. The practical, but not so common, approach is refreshing. A partial answer to my question came with your words, 'we'd be able to go back to our US lifestyle, but we don't want to.' The question was for very long term planning, say age 80., still life abroad, or something else? Thank you.
Are there any really affordable places that you guys go that is not humid? I’m from So. Cal. and used to nice weather. I’d rather live somewhere a little bit cold instead of humid.
We worked hard and blessed and have about 7x the amount you started with...but my wife thinks it's never enough. I'm more yolo. We're your ages and your channel is giving me the 'ya see' thrust to shift my wife's thinking. Thank you guys!
That $177 pm place in Thailand is a bedsit. One room plus a bathroom. There's a microwave but no cooker. Fine enough if you go on holiday and eat out 3 meals a day. More realistically longer term is $300 to $400 pm for a slightly bigger apartment.
Yes, but...for some (like me) in Jomtien, it is easy to eat out every meal and may end up costing the same. Me, I probably will go for around $500/mo as I would like more space and greater ammenities. Still $177/mo. show what could be possible.
@@wgarnseyYeh, I think the cost would be about the same. But for convenience you would want a better kitchen where you can fry up some eggs, or make toast etc. I have stayed in a place like that in Hua Hin and it's fine for a week or 10 days but too pokey for long term.
I presently live in a small studio apartment in Florida and would have much more living in Thailand. I’d love to eat out all the time and taste all the delicious Thai food that I can’t make myself. Plus with a pool and a bike I’d be set. I’d be spending half of what I spend on my apartment alone now for my whole lifestyle. I would also totally want to learn the language because I’m a total language buff. 😊
From what I’m hearing is that your not actually retired. Your making you tube videos and some other things to make $4,000 a month. With the $300,000 in investments you could take out 4% a year which is $12,000, but would be best to let that money grow especially at your young age. The other is the need for health insurance which isn’t cheap and then there are taxes to pay on the income your making including the gain on your investments, etc. What I like is is that your doing your own thing and happy with your life style. Thanks for the video and continued success.
They don't pay any federal taxes, because the U.S government allows citizens living abroad, not to be taxed on foreign income made outside of the U.S., up to ~120K/year (in 2023).
Hey guys, great video and channel. I’ve not watched all your videos so you may have already mentioned it. I plan on living in cheap areas to help extend my retirement money. I know I will want to live in Australia, my home country, for parts of my retirement. And likely my older age. But living and travelling in cheaper areas will help extend the money.
I am alot older than you & I can tell you early retirement is not realistic at $300,000. Trust me, costs with a chronic debilitating condition is astronomical, even with medical insurance. You will most likely need to come back to the US if you need longterm treatment. If you are sick &/or can't get around independently, you will not be able to physically live abroad. If you are young & healthy, definitely do travel & live abroad. But once you get in your 40's, start thinking about wheelchair accessibility & how can you afford a medical leave of absence if you or a partner need longterm care. And definitely sign up for longterm care insurance because that $300,000 won't last very long with a chronic condition. Wish I had a crystal ball to see what age 60 had in store for me. I would have planned better financially.
I moved to Taiwan three years ago. Health care is way cheaper and way more accessible than when I lived in the USA. I’d NEVER go back to the USA for health care.
💜💜💜 Thank you! When you look for a long-term rental 3+ months) in Thailand, how do you find it? Do you find it online and trust that the description is accurate? Or do you find it after you get there?
Patricia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
We moved from New York City to florida, I just got my first social security check, 2324 a month, we paid cash for the house, all in with everything electric cable taxes insurance etc, is about 900 a month plus repairs. It's an over 55 . We might get rid of the car next. My wife won't collect social security for another seven years. We need about $4,000 a month to do everything. I know how to make pizzas, I was offered a job for $15 an hour, I can fall back on that when my savings run out
"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."
Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.
Well said! My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.
That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
@@Dantursi1 Since this strategy works for you, can you recomend a financial expert you work with.
I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well!
My advisor is *JULIANNE IWERSEN NIEMANN*
You can look her up online
I will give this a look, thanks a bunch for sharing
🎉 You all inspired me & I quit my job yesterday, I'm 53. I was looking into the countries you mentioned & I have my 500k IHG points but I was able to book a year worth of cruises for about $1k/mo so I'll live on cruises first then branch out to maybe Thailand or one of the other places you mentioned. I also took your TH-cam class & I will give that a shot soon. THANK YOU SO MUCH for leading the way. 🏆❤️🎉
Wow, this is really cool!!! Good luck!
That's awesome, so happy for you!
That is 💯% awesome! You took a leap of faith, and that's courageous. I wish you a very happy retirement and lots of meaningful fun and you continue living with purpose. Safe travels as you live on the cruiseship and, beyond that, traveling to and living in Thailand and other countries!❤
I love what you are doing, but HOW in the world are you able to get a year's worth of cruises for about $1K per month?!?!?!?!?! We would love to sign up for a deal like that. How did you do it? Please and Thank You.
I too would love to know how you snagged a cruise deal like that! Please share 😊
Hello, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?
Most people today have been having a lot of failures in investing because of poor orientation and bad experts.
It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as Amalia Bunker
Talking to an expert like Amalia Bunker to reshape your portfolio is a very smart move
Amelia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
Great video, one that folks really need to watch. I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly. My financial consultant has been patient and has done a wonderful job for me throughout the years.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation and I seek a more lucrative investment strategy to effectively utilize before I consider retirement
I just turned 44 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I'm getting worried about retirement, my intention is to retire at
How best do l maximize my savings of over $220k
As much as I enjoy all of your channels,.....the best part of your videos is the love and respect you show for each other,....and the back and forth between the 2 of you is flawless.
Yes, nice to see!
Thank you so much
What you are doing sounds awesome. I would love to know how you discovered this way of life and how you got started. This is something that I would be interested in doing soon. I enjoyed your video. I just found your channel. Thank you for sharing.☺️
I was thinking the same thing. The willingness and ability to cooperate for a mutually beneficial outcome is so key in my experience. Great content.
High prices for everything have severely affected my plan of retiring. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
pls how can I reach this expert, I need someone to help me manage my portfolio
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial marketsRead more
this is all new to me, where do I find a fiduciary, can you recommend any?
My CFA ’’ Stacy Lynn staples, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
This is my fifth year after retirement. I’ve been following the 4% rule thing I saw on a TH-cam channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get worried.
Amazingly, you were able to save that much during your active years. Not a lot of people can save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
Hey, this caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t know how to find one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Julianne Iwersen-Niemann for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I simply Googled her name and her website came up right away. So far, it appears interesting. I emailed her, and I hope she responds soon. Thanks
My story is similar. I sold EVERYTHING and moved to Mexico and paid cash for home/car here. Only regret is I didn't do it sooner because it's been a great experience.
Could you please share which city you're living and is it safe for family?!
Where in Mexico? For me its Mérida.
Did you assimilate into the community? Learn Spanish?
I love Mexico
Did the same thing about 3 years ago!
Shared to LinkedIn and Facebook. April 2 is my last day at work. Just turned 55 and we're making "the leap". Your content and story is great.
Congrats!
Congratulations
Congratulations!. I'm 50 now and really would love to retire at 55
The worst part is the people working hardest are getting the least remuneration for their efforts and then shamed in the media for not taking more hours, more work despite the poverty wages. 40% of people in work need state support. That’s a reflection of greed not poor work ethics by working people. This is being done by design, by greed.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate and stocks.
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@@rougeur I've always delegated my investment decisions to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
*Mr Gary Mason Brooks* a highly respected figure in his field. I suggest delving deeper into his credentials, as he possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
The fact that you have income stream of $4000 per month makes all the difference and don't need to tap into your $300k. I doubt that will be able to do it without the income stream.
This. If I had 4K of 'Online' income coming in, I could retire yesterday. BS...
Turns out I’ve been retired for the last 15 years and nobody told me?
LOL, exactly. Bottom line you tube is monetized. It's hardly ever honest truth, it's clickbait, then it's what you expected it was really gonna be.
@@MrKlawUK 🤣
@MrKlawUK I just retired last month and nobody told me either.
Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
Hello, thanks for replying. I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?
She's known as “Rebecca Nassar Dunne”. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I’ve been saving for a long time instead of investing, and right now I only have about $250k. I'm not sure how to make it grow into something substantial that I might use for retirement. I’m just here for ideas
50% stock, 20% Bitcoin, 20% high yield CD/ bonds, 10% cash/ fully liquid stable asset
At a point like this, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
*Marissa Lynn Babula is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single Dad and i live in Florida, i bought my first house in September and i hope to retire next year at 50 if all goes well. Thanks to Mrs Angie Chen Owens for helping me achieve this.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
I'm new at this, please how can I reach her?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
she's mostly on Telegrams, using the user name
First of all I must say, you guys look good together and the $4k monthly already set you guys well for this journey so I guess the moral lesson here is to figure out how to get up to this type of monthly income… but I can’t think of anyway that wont be like slavery to I and my wife
Very true but this depends on the way you decide to look at it, In these situations, you have to find a way to make your money work for you… meaning you might need to employ a professional to handle it..there is a lot of money in the online space and people don’t realize that
I agree as I am a living testimony.. tried to dabble into the trading world with no experience and no help just my little finding, almost lost everything until my wife found our FA right after covid… now we make over $150k monthly even after paying our commission and reinvesting… A licensed professional can never go wrong in my opinion
There are many FA to work with as far as they are licensed but I work with Mrs Anna Rounds Fay and you can look her up as she is popular in the US… courtesy of my wife🤗
I agree… I had to get an FA after doing a terrible job working for myself… now I make about $80k monthly after deducting commission and taxes… some people are made for this field.. so I try to pay the piper and let division of labor do its thing
Pls how do I reach your coach? Been looking to invest heavy with the right approach but don’t know who to work with
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thanks For clearing that up, I curiously searched for Stacy Lynn Staples on the internet and thankfully, I came across her my goal is to retire in 5years time.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?
Look up, dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, you should work with a financial advisor to help set up a well-structured portfolio.
@WilliamsJulians Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
@WilliamsJulians Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
@@SorensensHiersas skip the advisor and go etf. You can get 3-13% and be more diversified.
@@alexgrinage I don't think those are real people. I see the same exact exchange in the comment section of virtually every investment video I watch. a. "I'm new, I've got some extra money, what should I do?" b. "Get an advisor. Mine made me a lot of money." c. "Who is your advisor?" d. "Blankety-blank". e. "Yes, I looked at her/his website. He/She seems pretty good. Sending an email now. Thanks."
I’m 53 and retired 2 years ago with about $1000 pension and $750k cash that I earn $3,000/month invested in cds at 5%. I never touch my principal and when I reach age 62, I’ll have another $1800/ month hopefully. I’m actually retired and don’t need to work to produce an income stream as I’m debt free and money conscious. I just returned from Thailand and Vietnam for 3 months where my budget was about $1800/ month.
$1800 a month? Based on this video with 1 month rent of barely $200 a month, it doesn't add up.
DOes the CD let you withdraw penalty-free on a monthly basis or do you only withdraw when matured?
@@cypress_piper when you buy a cd, the coupon or payment frequency is listed as monthly quarterly, biannually or annually at maturity. I have most of my cds paying monthly and a few paying quarterly but monthly is my preference. Usually a cd paying monthly has a slightly lower interest rate but usually very close to other rates.
Go on treasury Direct. Buy Tbills over 5%
WOW, that is amazing, thank you for sharing, you gave me some ideas how it can be done.
You lost me at “we have a $4000 a month income from working online “that’s not being retired. If you’re earning just under $50,000 a year, that makes your lifestyle feasible. I’ve been hoping to find out how you actually RETIRED with $300,000. 😐
If you don’t have a lot of money get over it and move to someplace more affordable or work part time. The options are endless.
@@Coast_to_CoastThat could be a shortsighted solution, depending.
Correct, they’re not retired; but I’m sure they’ll receive a few views & likes just for pretending! 😜
@@we5xz-1902 LOL!!!!!!!!!!!!!!!!!!
Yep. What they are saying is you can exist or survive on $300,000. Using the 4% rule that’s $12,000 a year which is technically doable but that’s no way to retire. You need money for visas, emergencies not to mention fun, activities, more travel., etc. Do you just want to exist in your retirement?
So glad I found you guys. I’ll be busy going through your back log. ❤ Traveling full time is my retirement dream but my husband is a maker and probably won’t give up his workshop completely. My compromise is to “snowbird” in a different place each year but we will see where we are at when the time comes.
I absolutely love you both! You all give me hope, encouragement ~thank you all from my whole heart!
Thank you
You mentioned house sitting on then I spent an hour down that rabbit hole and am AMAZED at the beautiful homes all over Europe in places I want to see! Two years to go until 62 and then we'll have our $4,000 per month in SS and work pensions without touching our savings! I'm so excited!! Many, many thanks to you both for teaching us that it's possible.
Awesome, the website most people use is trusted house sitters
I am kind of doing the same thing. I will have a pension and 401k, with no savings (retiring at 54). I'm moving in with a friend to cut down on expenses here in the U.S. After taking a break from a serious illness, im going to work at least part-time to pay off some bills. Then go abroad at some point. I want to go to Europe. But I realize I need more money.
Hopefully cutting down on expenses for a few years, I can save.
All the best to you
I am kind of similar to you. Just retired two years ago with a pension, also receiving disability from the VA. I had plans of moving to Portugal, but accommodations are getting too expensive over there. So I am going to Colombia instead. My girlfriend who lives there mortgage will be paid off within a year, and I thought it would be a better idea to built up enough money after, to put down on some real estate in Portugal to keep accommodations very low. So I think Colombia would be a better financial path to Portugal. It may take a couple years, but it’s better than going there paying rent at the same rate as I would hear in the United States. Make sure you go over all available options. My first option was to go directly there and figure it out without a long term plan.
You can do it!!
Europe IS EXPENSIVE, I know because I live here. Asia or South America is cheaper and more affordable to retire to.
I agree I had to do my own numbers also. I lived off of less then 15k per year for 12 years while working full-time retiring next month and plan to live off 15k till I die, let's just say that's way less than 1 million and I am happy living this way just trust yourself and don't listen to much to others.
Everyone needs to figure it out, that's awesome what you've been able to do.
Wow that’s amazing. How did you do it, if you don’t mind my asking?
Watching your video today lifted a lot of my worries. I can’t thank you enough! I am close to retirement but have always felt nervous about making the jump. You set a great example for us that we can always make things work if we are willing to make some changes.
That's the key, there are options for everyone
Recently sold my property in FL and bought overseas, paid cash and I’m currently getting it ready to move. Took an early retirement instead of playing the US game. It cost too much money to make a few bucks.
I'm convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around 200k in a HYSA and want to invest it. What are the best opportunities now?
To minimise risks and maximise growth, I think investors should begin with S&P 500/ETFs for a strong foundation, diversify across asset classes, and continue with disciplined, frequent investing.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
This intrigues me. I've looked up financial advisors online, but finding one to connect with is a bit difficult. Do you mind if I ask for your recommendation?
I have stuck with the popularly ‘’Celia Kathleen Martel” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Wow!! Your story is inspirational. I really appreciate you sharing this because it will help so many people.
You both have been a wealth of information and so helpful in our journey to retirement. Thank you for this video, I’m sure it was not easy opening up this much about finances but boy it was very comforting for my wife and I to watch. We have already sold all our possessions in our house and we close on the house tomorrow. We board a ship to go to Rome on April 21st and spend our first two months in Italy, then on to Croatia and the Balkans until we head back to visit family for the holidays.
Keep up the great content we love watching you guys and are thankful we found you on TH-cam
Thanks!
Your channel is such a blessing to everyone who needs a wake up call to think outside of the box! Can't say it enough, THANK YOU! Stay safe! Stay happy!😊❤😊
Thank you
I'm retiring this year with $350k and my only income will be dividends. I'm moving to Cambodia as a base, and will travel from there. One thing TH-camrs never mention, is the visa situation. There are very few countries where you can permanently live or get a retirement visa unless you invest a lot of money. You have to move every 30-60-90 days, or do visa runs which don't guarantee that the customs agent will let you back in. It's not that simple unless you are willing to live in your suitcase 🙂
I'm in the process of getting my residency in Ecuador. If you have a bachelors or higher, you can get permanent residency. That's literally it. If you don't have a degree. You can put 50K into a CD for 2 years and earn 8-10%. That's literally all you have to do. Get permanent residency and then in 5 years, u can test, become an actual citizen and then have 2 passports. Panama is very easy to get residency as well with 0 investment
My brother planned his retirement to Thailand. $25K to get get green card and proof of a one year lease.
@@clintonhauck7893 I will never put $50k in a bank located in an unstable country...
@@janemcgrath9773 When was that?
August 2023
This one made me subscribe :). I know it is possible but you are the first who outlined how it can be done.
Awesome, thank you!
Love your channel and videos. Amazing life you are living. I retire at fifty years old, seventeen months from now with a roughly 80K/year pension. Slow travel here I come!
That's awesome! Where do you plan to go?
@@GroundedLifeRetirementTravel My family and I are interested in traveling literally everywhere! We visited nine countries in Europe over a month last summer. Italy is on our short list if we actually move and become tax residents. We may just establish a condo in an income free tax state in America and slow travel. Our time will be spent in Europe, Central America and Southeast Asia. Hopefully we have a long time to experience the world like you two. Thank you for sharing all of your experience and knowledge.
The lessons you have to share remind me of the principles in the book “your money or your life” :) sooo nice to hear y’all’s lived experience. Very encouraging. Thank you for sharing!
Thank you for this video! I’m getting ready to leave the US soon! October or even sooner! I too, don’t have a lot saved but I will make it work and this video encourages me that I can make it work!
You got this!
I love how so many of the commenters say $300k isn't enough - majority of Americans (singles and/or couples) don't have anywhere close to that amount saved when they retire. In fact, majority of Americans live paycheck to paycheck.
No shit man , I just applied.for SS , turned 62 in December.'23 they'll be sending me 1500. Month .
I figured better get something back before the politicians squander all our money. I've been working all my life .
bought my first car at 16 no help from mom even less from the loser my father was , tossed money into the pot every week like most Americans do.
So I encourage all to take SS early while you can.its only a matter of time before the bottom drops out.
People live way beyond their means. They're the ones ordering doordash avocado toast and think you need $10k a month just to survive.
Totally agree with you. I laugh when I hear news stories about how the average person will have less than 500k when they retire. It is way way less then that. I'm not sure where they are getting these numbers from, but they aren't true.
@@lonesometinman3147 keep your chin up my man, you'll find a way to make it work. And you are in the majority, not the minority.
@@orionvassi exactly! Also a friend of mine lives in his camper and even though it's tight, he's been living off of Social Security while in that Van and doing just fine and has been doing it for just under 15 years. Yes, it's not the preferable choice, but it gives some people hope who think they are doomed to homelessness, just because they don't have 100k+ saved up.
To pay for living in a house can easily cost $2,000 / month mortgage - $750.00/ month taxes - $100.00 /month insurance - $100.00 /month internet - $50.00 /month water - $ 150.00/ month for keeping the home updated . Then comes a furnace replacement, new roof , new kitchen, ect. That's already $3,150.00 and may easily be more. To own one car can come in at $600.00/month with payments, insurance, maintenance & fuel. And this is for only a modest car. Now we are up to $3,850.00 /month . One needs to earn about $ 4,600.00/ month gross to net $3,850.00 net. This number is only for housing and transportation and nothing else. No wonder half of the country lives paycheck to paycheck . The great American dream is now a nightmare . Your thinking makes a lott of sense.
A lot of people live well in America without a house or a car. I've rented the same $1200 apartment for 6 years and my rent has never been raised. I take public transportation and rent a car every few months when needed. My total expenses are under $2000/month. The trick is to stay out of debt and stick to a budget. It was only when I got rid of the house, car and other things that I stopped living paycheck to paycheck and was able to start saving.
Wow, you nailed the expenses. With a few tweaks that’s my budget. I have a beautiful pool home on the golf course and drive a hipster car, but I’m bored. My adventurous spirit needs to go.
The new American dream is to leave the USA. And, why not? My great grandfather left Norway for the USA in 1905 for a better opportunity. I can do the same by leaving the USA.
@@randymillhouse791exactly, nothing is constant especially in 100 years.
@@lindadorman2869 ❤
Such positive advice! We are moving to France next year, just because we love it!
There's always an option. The experts recommend $2.300,000 million to retire. That rent in Thailand is less than an HOA at a condo in Phoenix.
This is so true
I live in Malaysia for less than the property tax I paid in the U.S. 😂
@@lees7340 do you have a long term visa?
@@lees7340how long have you been there and do you like it? We have been discussing it and visited last summer
@@Mikesadventures-m2q I am originally from Malaysia, my American husband lives here on a long term visitor visa for spouse.
What an absolutely fantastic blueprint you all are providing for living a life of fun and joy! This is very much appreciated, especially your detailed summaries of budgets, costs for different regions, etc. Thank you!❤
Thanks so much!
your journey wouldn't be for me but i am so HAPPY for you ... thank you for showing others that there are options out there and is certainly doable with less than a million ... Bless you both ...
Thank you so much!!
I've been watching alot of your videos of late and was wondering how much it was that you started your early retirement with. Thank you both for very entertaining and informative videos.
They said it in the video…$300k cash plus $4000/month online income
@@bobbynorward8521it’s this video …they went over what they had
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
consider investment planning, learning from a well experienced advisor is invaluable
That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.
@@mariaguerrero08Could you possibly recommend a CFA you've consulted with?
My CFA “Izella Annette Anderson” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Can you do a post on your investment vehicles? People always talk about invest, but never tell you how. Thanks and keep up the great content. I always look forward to it.
Excellent advice. Thank you for mentioning the mental aspect..the relief of not needing to maintain a property, furniture, HOA fees, taxes, utilities..the list goes on. Definitely there is a way & the "adjustment" might bring far more pleasure than one realizes prior. Well done.
These are my concerns when staying in a foreign country. Will you get the needed medical care, difficulty getting the required prescriptions, eating out daily, which is unhealthy, how clean is the air?
This is my 2nd video that I have seen you do this week and Yes, I clicked the Like and Subscribe buttons. The first one was the Vietnam video, IHG with the awesome food, prepared basically just for you for FREE! My wife and I have retired 2 years ago (age 60). I am guessing if I knew what you have taught me so far, we would have retired 10 years ago. We love your videos. I will be watching all of them to help us plan even better. We love to travel and cannot wait to explore more of the world. You have been very helpful. Thank YOU!!! Maybe someday we can end up in the same city for a bit.
Thank you so much!!
A couple of questions that I have about this amount. The first is, as you grow older, and enter the Slow Go, and No Go years of retirement, are you expecting to maintain the TH-cam revenue each month? Does TH-cam pay for past content, or only new content and active subscribers? If that $4000 a month on TH-cam goes away, this could make things very tight when you aren't as mobile. Second, what will the health care and coverage situation be for you as you get older and looking to settle down and not being as mobile? Can you get health care coverage? How much is elderly care in places like Thailand? Are you no longer US tax residents? I am assuming that revenue currently generated requires tax payments, and that also eats into your after-tax budget amount. 5% return on $300,000 assumes the market will cooperate or bond yields remain high. Continued good luck to you both. Enjoy the travels.
Thank you for your helpful videos and your transparency on how to retire on less than advisors insist upon.
Glad it was helpful!
Hi Rob and Allie-Is there any way you could give any advice on where to get health insurance that covers internationally?
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Thank you so much for this. We've lived in Thailand before and traveled pretty extensively. It was 10-15 years ago through so we were curious how much it went up. We are planning to retire completely and live/travel overseas when we turn 50.
It would be fascinating to know what it was like 15 years ago. Our first time there was 6 years ago.
I'm moving my 401K into an IRA right now, I'll be putting most of $600,000 into various dividend paying stocks, ETF's and REITS. I am 59.5 now but will be able to easily live off of those dividends. I also should have a 2-3 year cushion of cash in a HYSA on top of that by the end of this year when I pull the plug on my job. I'm really looking forward to it.
Awesome! Sounds like a great plan, well deserved
Great plan. Good luck with your retirement.
Yes. I did charity for years. Sorting and pricing to get a profit to provide funds for many projects for global health care. You opened my eyes to an avenue that will help my family who struggle everyday. You rock.❤
I really love the numbers. It seems everyone has anxiety about whether or not they have enough to retire. I'm about in the same ballpark as you and just knowing that somebody else did it, eases my anxiety quite a bit. Thanks for the video
Sorry, I would not retire with 300k unless you have other income sources as they do. They are still working and not relying on their portfolio. I have 4x the amount with a future pension and I'm still afraid.
@@beatricerights I recommend you look at how much income your investments produce (dividends), then look how so many others are slow traveling for $1200 - $3200 in Southern Europe, Eastern Europe, South America, and of course South East Asia. 🌏
The hardest is to take the first step.
Good luck 👍 And it sounds like you are in great fiscal shape to slow travel the world 🌎
@@beatricerights Fair assessment. The problem is, with 300K, if the market takes a downturn in the beginning you will be wiped out. As long as you can make money even if it couple of thousand per month on the side, then you can manage in cheaper countries outside the US.
@@livingworkingoutsidebox I guess fear is a great deterrent and I have luxurious taste.
awesome advice! Would you have a course in how to start a digital business or something in that line. Thank you very much for sharing!
Probably says this already but my wife and I love y’all’s channels. You and a few others inspired us to start our own and finalize our early retirement/full time travel plans.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
I can't get enough of yiu content, experience and expertise on the alternative approach to retiring. Thank you. Can yiu guys share how you deal (or dealt) with the detachment from family/friends?
Yes, we will plan to, but the short version is we've made tons of friends travelling.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Thank you for sharing! I am planning on retiring after this year at 55. I feel good about my finances but the one thing that does worry me is health insurance. Can I ask what you folks do about that?
Doctor and hospital cost in South East Asia is very inexpensive. You don't need to pay health insurance every month and don't even use it most of the time. In Asia, you pay when you see a doctor or get any type of surgery. It is not expensive at all. Good luck.
do you acfually feel retired and free though? Seems like running the youtube channel, website, photography business, and non-stop travel planning would be a ton of work and just like another full time job. I still love watching you though and dreaming of following suit.
We no longer do the photography sales, and we spend about 5 hours per week making videos, which is like our hobby. So compared to our 50 hour work week, yes, very free!
@@GroundedLifeRetirementTravel A decade ago I started googling... how to get out of the rat race...& stumbled upon vanlife, which I thought was the answer until I discovered your channels. Now I'm thinking, living full time in hotels, on trains and cruise ships like you guys would be living the dream. Love your videos!
@@baconegger1450 I am trying to get out of the rat race and have been curious about vanlife. I'm fascinated by it, actually, and currently looking to purchase a small van. Not ready to make the leap but I might start off with outfitting it and taking a few road trips to see how it feels. I wish you the best on your journey of discovering what's best for you!
Am very interested in your videos. I retired almost 2 years ago. My total investments was just under $300,000 at that time. I started saving late at age 60. Then it became difficult to save as life happens, and suddenly I was raising my newborn grandson. So, on top of trying to save for retirement I was also having childcare expenses including daycare while I worked, plus court and lawyer costs which eventually included adoption. That slowed down my retirement saving plan and retirement took on a different look since now I had a child to raise. I am a Retired Registered Nurse, a single mom/grand mom, so my income was ok. I was scared about my financial position retiring, still am, but am making it. I get a total of about $5000 a month from social security and a small widows pension from my late husband. So with that I have not had to touch my ‘nest egg’ and have left it invested in index funds for the past two years. It has grown nicely since then. Prices have gone way up where I live, including my rent. So this year I have decided to finally touch my savings for a down payment on a small house in an economically more reasonable area. This area is also close to a lot of fun things to do, nature, lakes, and near a touristy active city. Fun stuff for myself and my child. My plan is to never let my savings/investments dip below $300,000. To use that as ‘principal’ and yearly skim off about 4%, maybe a little more, as ‘bonus’ money for fun stuff. I’m going to keep our living expenses under our monthly $5,000 budget from Social Security and widows pension. It might take some careful planning but I think it’s a do-able plan.
HEALTH CARE IS ONE OF THE MOST EXPENSIVE COST WITH RETIRING. HOW DO YOU HANDLE YOUR HEALTH CARE, VISION & DENTAL CARE COSTS. WHAT INSURANCE COMPANIES DO YOU HAVE OR CARRY
Once you get out of the US, healthcare will no longer be the most expensive cost. Once out of the US, healthcare is either free or an actual reasonable cost.
@@JustinPratt1 it becomes a big deal even outside USA if you have a major surgery, stay in ICU and need specialized care for a longer time... for instance, mexican healthcare is way more expensive now than if you are in USA and have low income and get Obamacare discounts or even medicaid... it's true that usual checkups or labs are much more affordable aborad, but major stuff can put u in the hole for 50K-100k usd..
It's all here: th-cam.com/video/8nilX1aC8q0/w-d-xo.html
@@yestohappiness2721 yes, but you can also get very reasonable catastrophic insurance in Mexico. The insurance would cost a fraction in Mexico. You don't have to pay out of pocket for everything in Mexico (been living in Mexico the last 3-1/2 years.)
@@yestohappiness2721 or another example. We are moving to Spain and a private healthcare plan required for the visa is like $75/mo with no deductible or copays and also covers all dental and vision. A lot of places out of the US will not suck away your savings if you get sick.
You guys are living the dream! I'm 40 and I'm going to challenge myself to do the same. Who's with me? 💪🌍
Just started following you. Would you be willing to share what your online income of $4,000 a month is attributed to? Is this with your TH-cam channel?
Technical analysis, sharp insights, and solid strategies are crucial for success in trading. Understanding market trends and making informed decisions can make all the difference. A big shoutout to Laura Grace Abels for her exceptional guidance and support in mastering these essential skills! so glad I started her program.
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
Where are you tax residents and how do you maintain that? I'm always confused listening to international nomads because U.S. citizens have to file taxes. I've wondered if people establish tax residency in South Carolina with just an address with a mail shipper or something. I don't understand how it works.
Most people just use a family member's address. If you're changing states, you just have to make sure you break the residency link with the old state, changing driver's license, voter registration, etc.
If people are changing their domicile state, they'd likely select one that doesn't have income tax.
I live abroad and have to file taxes. I don’t pay anything in federal or state taxes because I’m out of the US for 330 days out of the year. It’s called FEIE. I only pay my social security and Medicare when I file. I’m 28.
I quit my job 30 years ago because I started working for myself. Would you call this a retirement?
For us we call it retired because we went from 50 to 5, and don't really need to do anything, that's where the freedom comes from.
They are making way more money in their retirement than me not retiring and still working.
Most people won’t have that privilege.
What about a social group? How do you socialize in a foreign country where you don't speak the language? Also, what if your portfolio drops way down? Returns aren't guaranteed.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q4 2024.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
MARISOL CORDOVA is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
How much does medical coverage/costs factor into budgeting for this kind of living arrangement? Do you have an emergency fund set aside for unexpected expenses outside of monthly budget?
People are facing a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Mind if I ask you to recommend this particular manager?
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science.
I Researched her credentials and found she possesses over a decade of experience and serves as a value through different resource for individuals seeking guidance in navigating the financial market.
Beautiful to see you both have taken control over your time on this earth. Thank you for sharing the fact that time freedom is feasible even to the hopeful individuals.
You two sure like to live on the edge, that seems a little too stressful for me. Good job!
The best practical advice from nice couple thank you
Really good information guys without the financial advisor jib-jab. Keep em coming!
Thanks for this practical assessment. Our finances will be determined by an inheritance, ss and small pension. It looks like we could just about swing it. My issue is that we have a 90-year-old mother in assisted living and we are her only family to provide care. We also have an aging dog. Currently I feel so trapped and I have "itchy feet" but eventually we'll be free to travel as we like.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@GeorgestraitStriat Oh please I’d love that. Thanks!.
@@lennoxmutterick6434 Clementina Abate Russo is her name.
Lookup with her name on the webpage.
I'm in my 30's and I know it's going to be impossible for me to retire. This video has opened my mind to a world of possibilities.
Great content! 👏
$300K is a little bit tricky number. With March 2020 stock market dip do you still expect $1000/month dividend income even in safe vehicle like index funds. I like the way you planned your travel and make it work. Now, your annual income is more than networth all these years working. Luck favors the brave. Enjoy!!
$1K is only 4% of $300K. It's actually quite a low estimate. Even right now with the current HYSA rates you can get 5-6%. There are multiple funds that are paying out 10%+, they just involve more risk so like with everything, it's up to what you can personally handle. Even if you didn't invest it at all, $300K will last 25 years at $1k/month. It's a lot of money if you're frugal.
Valuations don't necessarily affect dividends. There are plenty of companies that maintained or increased their dividends through the 2020 dip.
That's a good information share@@jeffsitka
The 2020 stock market dip was famously short. It was a good lesson to stay invested and ride out the dips.
@@mogain9258 From 1929 to 1992, the inflation adjusted capital appreciation of the stock market was 0%. Thats 63 years without any appreciation.....Zero. So much for market dips being 'short'.
Thank you, for opening my mind!
That’s why you are prospering and prosperous
Still trying to find my niche
Yes! I’m interested
Wonderful!
question: you mentioned about your previous $4000/month online income before you retire travel, can you pls make a video talk about what's that online income is? Website, affiliate, youtube or course? And can you pls make more videos talking about your youtube or other video income? Thanks. You have so many youtube channel, how you could only spend 1 hour every day making videos for all these channels? You hired video editor?
As always thanks for breaking this down in such a clear manner.
I think it can be difficult for some people to grasp what retiring from a RatRace type job and career and being able to find your passion project. Be it fishing, playing golf, volunteering or even creating content around traveling the world and financial literacy. 😊👍📺💡
Well said!
This is such an original idea that you guys have created. You guys are brave to do this and are pioneers to what I believe is going to become a mass movement within the next 15+ years or so
International nomads? 😊 do you ever discuss or have you planned for when you’re older and nomad life is no longer possible?
The great part is every year we find new options that we like, so we talk about it often!
Being able to listen to the "how" of your lifestyle is wonderful. The practical, but not so common, approach is refreshing. A partial answer to my question came with your words, 'we'd be able to go back to our US lifestyle, but we don't want to.' The question was for very long term planning, say age 80., still life abroad, or something else? Thank you.
We haven't decided yet, but probably either Thailand or the US. It'll depend on family too.
Are there any really affordable places that you guys go that is not humid? I’m from So. Cal. and used to nice weather. I’d rather live somewhere a little bit cold instead of humid.
Italy can be very affordable, especially if you don't go in the summer, so that might be perfect.
We worked hard and blessed and have about 7x the amount you started with...but my wife thinks it's never enough. I'm more yolo. We're your ages and your channel is giving me the 'ya see' thrust to shift my wife's thinking. Thank you guys!
That $177 pm place in Thailand is a bedsit. One room plus a bathroom. There's a microwave but no cooker. Fine enough if you go on holiday and eat out 3 meals a day. More realistically longer term is $300 to $400 pm for a slightly bigger apartment.
Yes, but...for some (like me) in Jomtien, it is easy to eat out every meal and may end up costing the same. Me, I probably will go for around $500/mo as I would like more space and greater ammenities. Still $177/mo. show what could be possible.
@@wgarnseyYeh, I think the cost would be about the same. But for convenience you would want a better kitchen where you can fry up some eggs, or make toast etc. I have stayed in a place like that in Hua Hin and it's fine for a week or 10 days but too pokey for long term.
I presently live in a small studio apartment in Florida and would have much more living in Thailand. I’d love to eat out all the time and taste all the delicious Thai food that I can’t make myself. Plus with a pool and a bike I’d be set. I’d be spending half of what I spend on my apartment alone now for my whole lifestyle. I would also totally want to learn the language because I’m a total language buff. 😊
can you do a video on what stocks and what amounts you spent for each stock?
From what I’m hearing is that your not actually retired. Your making you tube videos and some other things to make $4,000 a month. With the $300,000 in investments you could take out 4% a year which is $12,000, but would be best to let that money grow especially at your young age. The other is the need for health insurance which isn’t cheap and then there are taxes to pay on the income your making including the gain on your investments, etc. What I like is is that your doing your own thing and happy with your life style. Thanks for the video and continued success.
health care is cheap in othert parts of the world.
They don't pay any federal taxes, because the U.S government allows citizens living abroad, not to be taxed on foreign income made outside of the U.S., up to ~120K/year (in 2023).
Hey guys, great video and channel. I’ve not watched all your videos so you may have already mentioned it.
I plan on living in cheap areas to help extend my retirement money.
I know I will want to live in Australia, my home country, for parts of my retirement. And likely my older age.
But living and travelling in cheaper areas will help extend the money.
I am alot older than you & I can tell you early retirement is not realistic at $300,000. Trust me, costs with a chronic debilitating condition is astronomical, even with medical insurance. You will most likely need to come back to the US if you need longterm treatment. If you are sick &/or can't get around independently, you will not be able to physically live abroad. If you are young & healthy, definitely do travel & live abroad. But once you get in your 40's, start thinking about wheelchair accessibility & how can you afford a medical leave of absence if you or a partner need longterm care. And definitely sign up for longterm care insurance because that $300,000 won't last very long with a chronic condition. Wish I had a crystal ball to see what age 60 had in store for me. I would have planned better financially.
They already did it.
There are countries that offer private insurance at drastically less than the US and medical care is a fraction of American providers.
Longterm in home care is much cheaper abroad.
It's depressing to think so, but if you're looking for affordable healthcare, you would be better off almost anywhere else in the world.
I moved to Taiwan three years ago. Health care is way cheaper and way more accessible than when I lived in the USA. I’d NEVER go back to the USA for health care.
💜💜💜 Thank you! When you look for a long-term rental 3+ months) in Thailand, how do you find it? Do you find it online and trust that the description is accurate? Or do you find it after you get there?
Hello, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?
Most people today have been having a lot of failures in investing because of poor orientation and bad experts.
It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as Patricia Strain
Talking to an expert like Patricia Strain to reshape your portfolio is a very smart move
Patricia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
We moved from New York City to florida, I just got my first social security check, 2324 a month, we paid cash for the house, all in with everything electric cable taxes insurance etc, is about 900 a month plus repairs. It's an over 55 . We might get rid of the car next. My wife won't collect social security for another seven years. We need about $4,000 a month to do everything. I know how to make pizzas, I was offered a job for $15 an hour, I can fall back on that when my savings run out
Great video. That 4k per month is an awesome supplement. New to the channel. So you guys live outside of the US?