One not so small (gigantic actually!) change that I will make in 2025 to simplify my life is to retire! Living simply and with a purpose allows us to thrive in retirement regardless of the size of our nest egg. All great advice, Trena!
Probably our biggest mistake is not discovering this lifestyle a lot earlier in our lives. I announced my retirement right before my 57th birthday and 3 years later have never once regretted it. We are lead to believe that we need a $100K a year to survive and they are so wrong. I have simplified and minimalized my life and love it. I bought a small home in The Villages in Florida and live my life exactly like you. Wish you the best of luck with this channel as well as with your retirement!
I love how calmly and concisely you speak. A lot of the finance content makers are much more intense and make videos of double or triple this length. You get straight to the point. Also, it's notable that I enjoy your channel as a 40 year old married man, so your audience has definitely become more diverse than your own situation. Also, I noticed that the "early retirement police" have made it to the comment section. Heaven forbid you pick up a hobby that makes money. This happens to all the early retirement content creators and is a rite of passage. Keep up the great content!
Great common sense advice, Trina. Wanna lose weight? Track/Count your calories. Wanna get in shape? Track/Count your steps. Wanna save money? Track/Count your money. All of these things are easier said than done, because they all require an investment of your time. Life is about priorities. You will make time for the things that are most important to you. I started seriously saving for retirement a few years ago. My first move was to develop a realistic budget and stick to it by tracking every dollar. Best decision I ever made. I paid off my 15-year mortgage in just over 5 years. I have more money in savings than I’ve ever had in my life, and while I’m nowhere close to having the amount of money “the experts” say I will need for retirement, my plan and budget say I’ll be fine. Hoping to retire in the next year. 😊
Finding nature, hiking etc in retirement is such fun. Now that I don’t have to answer to a demanding schedule, I can finally take the time to enjoy the world around me. And yes, it’s typically free or close to it. I’m finding that my budget requirement in retirement is significantly less than during my most recent working years.
Great video Trina. I think $500K is very doable for a single person. Since I'm married, a Mil is a little more realistic for two. Hiking and walking in nature has been glorious and as you pointed out, it's basically free. I also enjoy the breakfasts and Happy Hours with my wife and friends, but it can be a budget buster. I would love to declutter and simplify more.
To punctuate the part about minimizing, it cannot be emphasized enough. I've got a house filled with "I've gotta have its" purchased at various times in my life. Now, as retirement approaches, it turns out I never needed most of those things and they were largely forgotten shortly after opening the box they arrived in. I don't consider myself a super minimalist, but there's a lot -- a LOT -- to be said for living as simple a life as possible.
This week was one of those weeks where the brutal GRIND of corporate America really kicked my ass - good Lord, help me make it another couple years! Can’t wait to get off the miserable hamster wheel……..😱
Never posted a TH-cam payment to a creator before. Just had to after reading the elderly, divorced dentist's troll attempt. Thankful I am not one of his patients. Keep posting - these videos are very useful, they are not investment advice or an absolute road map on how to retire early. They are thoughtful sharing from a person who had the confidence to actually do it. Well done.
Being frugal is not about being cheap. Being cheap is about saving money at the expense of taking advantage of others or stiffing others. Being frugal is about conscious spending. Conscious spending is about spending money on things that truly matter and on expenses that bring true fulfillment.
Thanks for sharing! I'm not retired yet, but I'm obsessed with being in nature. I recently became a certified Forest Therapy Guide, and I'm currently taking a wilderness 1st aid course.
what a breath of fresh air....ahhhhhhhhh. I love the simple life too. happiness, joy satisfaction, stress-free living doesn't cost much. It's a mindset. Enjoy life. Thank you for making this video.
Not necessarily. Prior to the ACA, people (myself included) were able to customize policies that worked for them such as a major medical or catastrophic-only policy. Under the ACA, anyone over the arbitrary age of 30 can no longer by a catastrophic-only policy because under the ACA, the government has implemented a one size fits all policy that health insurance plans must cover certain things that the government deems "necessary", so that freedom of choice and customization has been removed. People are now forced to pay for coverage for things they don't want or need.
@@KayFabe87 What are you talking about? Go get your catastrophic-only policy if that's what you want, customize it in any way an insurance firm will let you. No one is forcing you to buy decent coverage. Nearly 40 million people, however, now have decent health insurance because of the ACA. You don't have to be among them if you choose not to be.
The ACA was written BY and FOR big insurance. Millions of individuals who would normally go without due to high cost, can now get a robust policy subsidized by the gov't. It's not ideal, but we all know the system is beyond broken. So to the point of this channel.. if you are say, 60, with ample savings to draw from and can show income in that "sweet spot" from a side gig or taxable investment income, you can get coverage that doesn't bankrupt you. Otherwise, pre-Medicare "retirees" may find themselves going back to work for big, big business just to get the health insurance. And good luck with that when you're 60.
I am so falling in love with the minimalist movement. Sitting here looking around I am drowning in stuff. Subscriptions I don’t need. Nicknacks that just sit there gathering dust. Getting rid of all of life’s debris is my next goal. Lol just found my first work uniform in storage. Started a new mantra, just because it is on sale, if I don’t need it, it is not a bargain.
T, serving others helps me keep life simple. 5 children and 3 grandchildren may sound complicated but it truly is rewarding to assist when needed. Keeping involved with community and church opportunities helps me remain grounded. Really like your ideas about keeping a simple life and living modestly. Keep up the good work. L
I wish food packaging and pricing was geared toward the single person. Four Avacodas for $5, dozen dinner rolls. I end up certain of (in time" consumption..and end up throwing a way expired food. The avocados and bananas I bought, the BOGO salad container deal and big block of cheese....maybe 45 minutes left before no longer edible😀 Gotta figure this out. Frozen and then thawed bread, is not the gamechanger solution either. 🤔
When you moved how did you find your outdoor and book clubs. FB? Maybe you want to do a video about your home. Condo or detached house, bedrooms, bad rooms, sq ft. Part of HOA or not etc.
I am a bit introvert so I enjoy not being exposed to a lot of people everyday when I go on retirement as I do in my work. However my identity and status hangs on my job so if i retire I think I will loos a lot of friends.
You might consider starting a social hobby now, before you retire. Board gaming, bowling, knitting, book club, walking groups, volunteering, etc. Anything that's fun for you, and creates an excuse to be around other people.
Very good advice. Thanks for sharing. I definitely need to look at digital subscriptions. I signed up for a few based on initial offers to sign up for free or for very low cost, but am now noticing more substantial monthly charges. In addition to the cost, my inbox is cluttered with headlines from multiple news sources. Cancelling the subscription would give me more money and more time - a double simplification.
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.
Great video, thanks. I was wondering, what do you think is the youngest age someone could retire at with $500,000 if they had your lifestyle and level of spending?
Can you please explain free books to me? I used to read all the time but buying books is so expensive. I live in a very small town and not a lot of books at our little library. Thanks for your channel! Oh also what is the free meditation app? I’m paying for an app and would love to cut that expense.
@superriley02 great questions! Most libraries offer e books and audio books on the Libby app. Download the app, enter your library card number and pin. Then Wala! You can check them out. If your local library doesn't offer that, there are other libraries that will let you get a library card online, without having to live near them. And the meditation app is the free version of the Calm app. Enjoy!
![แฉกลโกงงานวัด 2024 [ โกงมั้ยครับ ep.106 ] | DOM](http://i.ytimg.com/vi/taC5dpP3HXA/mqdefault.jpg)
What’s one small change you could make to simplify your life?
One not so small (gigantic actually!) change that I will make in 2025 to simplify my life is to retire! Living simply and with a purpose allows us to thrive in retirement regardless of the size of our nest egg. All great advice, Trena!
@@meemka8251 I'm retiring too! 10 more business days!!
@@meemka8251that’s a big change for sure! Congrats!
Probably our biggest mistake is not discovering this lifestyle a lot earlier in our lives. I announced my retirement right before my 57th birthday and 3 years later have never once regretted it. We are lead to believe that we need a $100K a year to survive and they are so wrong. I have simplified and minimalized my life and love it. I bought a small home in The Villages in Florida and live my life exactly like you. Wish you the best of luck with this channel as well as with your retirement!
I’m so glad you’re living the good life too!
I love how calmly and concisely you speak. A lot of the finance content makers are much more intense and make videos of double or triple this length. You get straight to the point. Also, it's notable that I enjoy your channel as a 40 year old married man, so your audience has definitely become more diverse than your own situation.
Also, I noticed that the "early retirement police" have made it to the comment section. Heaven forbid you pick up a hobby that makes money. This happens to all the early retirement content creators and is a rite of passage. Keep up the great content!
Yes, it is a shame that some folks have to be negative. I'm going to keep doing what I do! Thanks so much for your support!
Great common sense advice, Trina. Wanna lose weight? Track/Count your calories. Wanna get in shape? Track/Count your steps. Wanna save money? Track/Count your money. All of these things are easier said than done, because they all require an investment of your time. Life is about priorities. You will make time for the things that are most important to you.
I started seriously saving for retirement a few years ago. My first move was to develop a realistic budget and stick to it by tracking every dollar. Best decision I ever made. I paid off my 15-year mortgage in just over 5 years. I have more money in savings than I’ve ever had in my life, and while I’m nowhere close to having the amount of money “the experts” say I will need for retirement, my plan and budget say I’ll be fine. Hoping to retire in the next year. 😊
Kelly, that is fantastic! Congratulations on some excellent planning!
I hear what you're saying. I live a frugal lifestyle, blue jeans and 'Crocs'. And , a regular dose of cat videos.😀
Love that vibe! Blue jeans and Crocs are like the ultimate chill combo.
Finding nature, hiking etc in retirement is such fun. Now that I don’t have to answer to a demanding schedule, I can finally take the time to enjoy the world around me. And yes, it’s typically free or close to it. I’m finding that my budget requirement in retirement is significantly less than during my most recent working years.
That's awesome!
Great video Trina. I think $500K is very doable for a single person. Since I'm married, a Mil is a little more realistic for two. Hiking and walking in nature has been glorious and as you pointed out, it's basically free. I also enjoy the breakfasts and Happy Hours with my wife and friends, but it can be a budget buster. I would love to declutter and simplify more.
Thanks for watching!
To punctuate the part about minimizing, it cannot be emphasized enough. I've got a house filled with "I've gotta have its" purchased at various times in my life. Now, as retirement approaches, it turns out I never needed most of those things and they were largely forgotten shortly after opening the box they arrived in. I don't consider myself a super minimalist, but there's a lot -- a LOT -- to be said for living as simple a life as possible.
I agree! And I have sold a lot of my no longer needed stuff through Ebay and Facebook Marketplace. Nice way to recoup some of the $$.
This week was one of those weeks where the brutal GRIND of corporate America really kicked my ass - good Lord, help me make it another couple years! Can’t wait to get off the miserable hamster wheel……..😱
I remember those days. I am sorry!
Thanks!
Never posted a TH-cam payment to a creator before. Just had to after reading the elderly, divorced dentist's troll attempt. Thankful I am not one of his patients. Keep posting - these videos are very useful, they are not investment advice or an absolute road map on how to retire early. They are thoughtful sharing from a person who had the confidence to actually do it. Well done.
I’m so honored, thank you so much!
Being frugal is not about being cheap. Being cheap is about saving money at the expense of taking advantage of others or stiffing others. Being frugal is about conscious spending. Conscious spending is about spending money on things that truly matter and on expenses that bring true fulfillment.
Wise words David!
Exactly. It's spending "wisely"👍👍
Grounded for an entire summer!! That is a story I want to hear next time!!😂
haha! My mother was a bit extreme on that one for sure!
@@retirethisway I'm wondering what you did!
Thanks for sharing! I'm not retired yet, but I'm obsessed with being in nature. I recently became a certified Forest Therapy Guide, and I'm currently taking a wilderness 1st aid course.
Those both sound really interesting! I signed up for a Master Gardener course.
@retirethisway that's awesome!
Love these vids. So much good info, thanks.
Glad you like them!
what a breath of fresh air....ahhhhhhhhh. I love the simple life too. happiness, joy satisfaction, stress-free living doesn't cost much. It's a mindset. Enjoy life. Thank you for making this video.
That’s exactly right!
Let's face it. Without the ACA for healthcare, there would be a lot fewer retirees under the age of 65.
I was a Republican until they tried to destroy it. Thank God for John McCain.
you are probably right!
Not necessarily. Prior to the ACA, people (myself included) were able to customize policies that worked for them such as a major medical or catastrophic-only policy. Under the ACA, anyone over the arbitrary age of 30 can no longer by a catastrophic-only policy because under the ACA, the government has implemented a one size fits all policy that health insurance plans must cover certain things that the government deems "necessary", so that freedom of choice and customization has been removed. People are now forced to pay for coverage for things they don't want or need.
@@KayFabe87 What are you talking about? Go get your catastrophic-only policy if that's what you want, customize it in any way an insurance firm will let you. No one is forcing you to buy decent coverage. Nearly 40 million people, however, now have decent health insurance because of the ACA. You don't have to be among them if you choose not to be.
The ACA was written BY and FOR big insurance. Millions of individuals who would normally go without due to high cost, can now get a robust policy subsidized by the gov't. It's not ideal, but we all know the system is beyond broken. So to the point of this channel.. if you are say, 60, with ample savings to draw from and can show income in that "sweet spot" from a side gig or taxable investment income, you can get coverage that doesn't bankrupt you. Otherwise, pre-Medicare "retirees" may find themselves going back to work for big, big business just to get the health insurance. And good luck with that when you're 60.
I am so falling in love with the minimalist movement. Sitting here looking around I am drowning in stuff. Subscriptions I don’t need. Nicknacks that just sit there gathering dust. Getting rid of all of life’s debris is my next goal. Lol just found my first work uniform in storage. Started a new mantra, just because it is on sale, if I don’t need it, it is not a bargain.
You got this!!
The hair, tattoo…whew, smoking 🔥
😊
Great stuff, Trina! Thank You!
You are very welcome!
T, serving others helps me keep life simple. 5 children and 3 grandchildren may sound complicated but it truly is rewarding to assist when needed. Keeping involved with community and church opportunities helps me remain grounded. Really like your ideas about keeping a simple life and living modestly. Keep up the good work. L
That sounds like a wonderful life! Thanks for tuning in!
You make retirement sound so good! I just want to hang out with you! 😉
Ah, thanks! So far it’s been pretty wonderful.
good video!
😊
I wish food packaging and pricing was geared toward the single person. Four Avacodas for $5, dozen dinner rolls. I end up certain of (in time" consumption..and end up throwing a way expired food. The avocados and bananas I bought, the BOGO salad container deal and big block of cheese....maybe 45 minutes left before no longer edible😀
Gotta figure this out. Frozen and then thawed bread, is not the gamechanger solution either. 🤔
I do end up freezing a lot myself. 😀 It’s a balancing act for sure!
When you moved how did you find your outdoor and book clubs. FB? Maybe you want to do a video about your home. Condo or detached house, bedrooms, bad rooms, sq ft. Part of HOA or not etc.
Great suggestions! I will add it to my video list. With regards to the activities, I LOVE meetup.org. That is where I have found most of my goups.
I am a bit introvert so I enjoy not being exposed to a lot of people everyday when I go on retirement as I do in my work. However my identity and status hangs on my job so if i retire I think I will loos a lot of friends.
You might consider starting a social hobby now, before you retire. Board gaming, bowling, knitting, book club, walking groups, volunteering, etc. Anything that's fun for you, and creates an excuse to be around other people.
great advice Kevin!
@@kevinsmith9899 i wonder if I could join a photo club again, as I am horrible at bowling and I hate to loose everytime. thanks for the advise.
Well of course we need to ask - what were you grounded for an entire summer for???? ;)
I may have to create a video on that topic. But trust me, the crime didn't fit the punishment!
So....what did the little vixen do that got her grounded all summer 🙂
haha! Nothing that warranted that extreme of a punishment!
Lol my silver vixen term is catching 😁
getting rid of stuff I don't use or need...its simple, but very hard.
If you sold the extra stuff for extra cash would that help you part with it?
@@retirethisway No, I don't really need the money, and I always think I might need that item sometime, but never do.
inspirational
thanks!
Very good advice. Thanks for sharing. I definitely need to look at digital subscriptions. I signed up for a few based on initial offers to sign up for free or for very low cost, but am now noticing more substantial monthly charges. In addition to the cost, my inbox is cluttered with headlines from multiple news sources. Cancelling the subscription would give me more money and more time - a double simplification.
I'm so glad you're taking control of your subscriptions - it's a great step to simplify your life and finances! Good job!
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.
Indeed!
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.
Health ❤
I have to admit it everything you said I agree with a lady after my own heart :)
😊
Great video, thanks. I was wondering, what do you think is the youngest age someone could retire at with $500,000 if they had your lifestyle and level of spending?
That's hard to say, as there are so many unique variables to everyone's life.
@retirethisway sorry I guess I should've asked what's the youngest you think you yourself could've retired at with $500k?
Can you please explain free books to me? I used to read all the time but buying books is so expensive. I live in a very small town and not a lot of books at our little library. Thanks for your channel! Oh also what is the free meditation app? I’m paying for an app and would love to cut that expense.
@superriley02 great questions! Most libraries offer e books and audio books on the Libby app. Download the app, enter your library card number and pin. Then Wala! You can check them out. If your local library doesn't offer that, there are other libraries that will let you get a library card online, without having to live near them. And the meditation app is the free version of the Calm app. Enjoy!
What state did you retire to?
Beautiful state of Virginia!
$500k pre taxed??
Do you stil have a mortgage?