From Broke To Retired Early. Thailand Travel. Investing. Expat living Overseas Retired
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- เผยแพร่เมื่อ 28 เม.ย. 2024
- Aloha! I hope you enjoy the video. New content on travel, early retirement, investing and living a healthy, positive life every week.
I am a full time traveler and an expat from the states. Come along!
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Mahalo!
#expat #travel #retirement
#earlyretirement #minimalism #solotravel
Books by Christopher LaVoie:
Annexation! Historical collection of articles surrounding the annexation of Hawaii.
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Starkeys Boys. US Navy Deep sea diving in the Hawaiian Islands.
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Urban Prepper. Prepping for emergencies in an urban environment.
amzn.to/37J9cCl
Minimalist travel equipment used by Retire and Go:
Burton Annex Backpack
www.amazon.com/gp/product/B00...
Iphone 12 pro max
www.amazon.com/gp/product/B08...
O'neil Brand Nomadix Cargo Shorts
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Cable connected lapel microphone for Iphone
www.amazon.com/gp/product/B08...
DJI Osmo 4 gimble
www.amazon.com/gp/product/B08...
Microsoft Surface laptop
www.amazon.com/gp/product/B07...
Columbia Hiking sandals
www.amazon.com/gp/product/B07...
Waterproof stick sun block
www.amazon.com/gp/product/B00...
Travel utinsil set
www.amazon.com/gp/product/B07...
Travel food container
www.amazon.com/gp/product/B07...
Light ball cap
www.amazon.com/gp/product/B00...
Tactical Neck Scarf
www.amazon.com/gp/product/B07...
Travel Spork non metal
www.amazon.com/gp/product/B07...
Music:
Music: Solo Acoustic 1
Musician: music by audionautix.com
License: creativecommons.org/licenses/...
Music: Solo Acoustic 3
Musician: music by audionautix.com
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Music: Solo Acoustic 5
Musician: music by audionautix.com
License: creativecommons.org/licenses/...
Music: Sleepless Night
Musician: Bimbotronic
Site: icons8.com/music/
Music: Swallow
Musician: EnjoyMusic
Site: enjoymusic.ai
Social Media:
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Dont respond to any What s app comments. They are all scams
Actual Instagram: retireandgoyoutube
Actual Twitter: RetireandGoYT
Actual Facebook page: Retire and Go TH-cam Channel
To go from being cleaned out in a divorce, to retraining yourself for a newcareer; then taking rocket fire, loading up on stocks, saying goodbye Hawaii & moving overseas.. you are a legend brah.
Very kind of you
It was a hard path with many sacrifices
But worth it :-)
Inspired on your decision for retirement over seas," I love it over there the Fried Chicken is the best 3 years soon retirement for me😅😊
@@user-le8kk9od5m this is awesome
I’m excited for you!
you are correct. i worked in afghanistan. i knew a few, not this guy, that did the same.
i was the same i worked in afghanistan for almost 9 yrs straight. on my off time (1.5 months twice a year) i went to PI and thailand and learned like this person did. in a war zone there is time for: lift weights, work, eat and a few hours internet.
yes from the risk comes reward. but you must understand and understand the "reward" part.
Excellent video I’m one year out of 17 years from ex partner same old got cleaned out starting from scratch and have been Thinking about Travelling South Asia myself and your journey in definitely encouraging me keep it coming all the best stay safe from in Britain 🇬🇧 👍👍
100% agree with you. It is possible to retire early in 10 years if you make the right decisions. Congratulations.!
Absolutely
I agree
Have a great week
Were over the West. Taking the time to thoroughly research Thailand. Setting up our plans , and are booked and paid for August for 9 days in Thailand. First time coming excited , and a little intimidating. Learning Thai basics conversational, and the strange thing is Im learning fast , productive. I believe this is because i want to learn , because i want to be able to speak to people even if im not perfect or fluent. We have developed a mindset of letting go of material objects, that has been truly challenging . My husband is A United States Marine and we are doing this.
I’m excited for this journey you two have planned
A big thank you to him for his service
Well done.
Thank you so much
Have a nice week!
Aloha! Your channel is one of my favorites! I've been to Thailand 3 times just returned in Feb. Love that country! At 67 I leave my $ in Vanguard S&P 500 fund. Ave yearly return since 1957 is 10.6%.
That’s a really nice annual return !
Congratulations. I’ve had BRK and S&P 500 since early 1990’s. Solid consistent gains
Thanks for sharing your experiences. I'm happy for you man! I'm in the same boat as you
This is great to read
Stay motivated and I’m excited for this year unfolding
Thank you for this video. You are 100% right, because I have done the same thing! I'm also living in Thailand, in Chiang Mai. I did 20 years in the military. While in the military I earned an MBA and studied to be a Certified Financial Planner (CFP). I also read books on personal finance and investing (which I would advise EVERYONE to do, it will be the best financial decision you ever make). The military gave a housing allowance and, instead of renting, I bought! Then, like you, I deployed and hired a rental agency to rent my place out (no mortars, thankfully!). Then when I came back I bought another place, as if I was being newly-assigned there. The bank could see that on my first loan I had rent coming in that was paying the loan, so it was no problem getting another. Not to mention being able to get a VA loan, guaranteed by the US government. I made huge amounts of money from the deployments, and also having some big adventures. It sucked, but wow, the money was great and I spent every penny paying down the mortgages. As you said, the food and lodging was free! I retired at 39 from the military. Went to work for a contractor for a few years. Then I had my military retirement and rent coming in from two paid-for condos in San Diego, California. Finally I got both mortgages paid off and the properties appreciated a LOT from the time I bought them. I sold them and invested everything into a mutual fund specializing in companies that pay high dividends. I had huge capital gains taxes from the sales of the condos!!! Which is a good thing because it means I made a lot of money. All from money given to me by the US military. At least I'm free from California and its exorbitant taxes. With a guaranteed military retirement I could afford the risk of the stock market. I ended up retiring at 45 years old. Now I'm living in Chiang Mai, Thailand. The dividends pay my monthly rent for a nice three-bedroom, three-bathroom house. The military income pays more than my expenses. And the capital gains distributions from the mutual fund at the end of the year are huge... I will use that for traveling. Everything you say in this video is true. I have done it. Your advice on the metals stocks is dead-on... Instead of buying gold, for example, buy companies that own gold!
Outstanding!
Thank you for your service
Also, you have wonderful experience living in Thailand and financial planning
I hope you give back your knowledge to your family and others
Bravo and job well done
I will return to Thailand later this year and visit chiang mai
I like the jazz bar there haha
Yes to 'how to' videos coming up - much appreciated
Absolutely
I appreciate this :-)
Really like your advice, attitude, and positive commentary. It is refreshing in this day and age of pessimism. Glad I found your videos. Was on the fence, somewhat about moving to Laos, but you solidified my decision. Cheers my friend. See you on the other side of the world, soon. You are living your best life, no doubt.
Thank you
I am trying to keep you motivated and planning for a better life :-)
i’m on a similar journey, i was house poor for 10 years. I decided to sell my house around mid 2022, and put my gains in the market over that time, i did good for myself due to good timing. i’ve got another year of working and stacking assets. my goal is close, i’m going to retire early and see the world. i just turned 45 years old, so i’m young but not that young. Your videos are helpful! thanks. you really have to think outside the box to get ahead now a days.
I’m glad I could give you some insights and ideas !
Have a great day
This video is so inspiring. I literally just got home from Thailand and because of your video I’m going to hunker down, set up a solid plan and execute. Thailand here I come for the rest of my life. Thank you 🙏
This is great to read
You are doing the right thing !
excellent
Thank you so much :-)
Your stories always are going deep in my heart, i mean i feel you speek from many good and bad self experiences, that makes your advises even more valuable. Thankyou for great and very interesting thoughts, - and Aloha !👍😊
Thank you
I appreciate this
Please have a wonderful week
Having regular income is very important. Its easy to blow thru savings even in a low cost of living country. I know. I've done it twice. 😂
Goodness I totally agree
Invest for passive income
Very important
The last shot in your video of Waikiki Beach reminds me how beautiful it is, but also reminds me how expensive it is too.
Oh goodness yes haha
Nice to visit for holidays
40 baht for a chicken leg did seems spendy for Thailand.
@@wills9732 that just barely over $1.
Can't wait to leave the US, and live in Thailand!!!
I am excited for you !
A new chapter to begin
Thumbs up 👍 Chris & Aloha
A warm aloha right back at ya
You are (or have become) a very humble and down to earth guy.
So refreshing to see someone who does not do things for "look at meeeeeee."
It's enjoyable to watch your channel, for me.
Peace.
John
Thank you John
I appreciate these kind words
Ur a good Man. IM learning from you, thnku!
This is great to read
I’m glad I can help
Great video and great content. I will be looking forward to more videos in the future ❤
Thank you for this kind comment :-)
Thank you so much for this video. It was really helpful.
I’m glad to read this ! Thank you
this is great motivation for me, thanks
Outstanding!
This is great to read :-)
Thank you. 💚
You are most welcome :-)
Great video and inspiration thanks for sharing
Thank you
I hope it brings hope to you and others
Very inspiring thank u can I ask how much and where can u find the most affordable property in South East Asia
Oh my I wish I had that information
I do not buy condos at all in Asia
I invest in dividend stocks and use the income to stay in low cost hotels in Asia
Great video! Can't wait for the next one !
Very kind of you
Thank you :-)
congratulations on 10K Subs, Should be 100K.
Great Content :)
Thank you so much for this
Very kind :-)
WOW!!!👏🏻👍🏻 Amazing story!! Thank you so much for sharing your journey. Very inspiring! Safe travels. Have fun!!
You are most welcome
Thank you :-)
@@RetireandGo You're most welcome!!
Great video. Insightful and inspirational
Thank you for this kind comment
Have a nice week
Just subcribed. Very helpful info. We haven't started nomading yet, hopefully this year. Needing to plan our finances. Glad you've found your happy place.
You are planning and preparing
So important
Great job!
Im retiring end of this year.
Going to live off my dividends as well. Im heavy in SCHD, DGRO as my core with JEPQ and DIVO as my 2 satellite positions... passive and safe.
True
Passive and safe! Nice !
I like SCHD !
excellent content!!
Thank you so much
I appreciate that
:-)
good video, but have you also try to explore Malaysia? just the country next to Thailand
Oh yes
Malaysia is coming up this year !
For dividends I use MPW and BDN both property trusts and they’re at around 20% YES FOR REAL 20%!!! Right now at around $5 a share too, lowest they have been since the 2008 crash! In a few years if history is anything to look at they’ll be about 400% higher around $20 per share. And, your dividends will go up
Brandywine and Medical Properties are what both of those are named
These are both using Robinhood for the American market
MPW is high returns for sure
I like SBLK and ABR also
@@RetireandGoyep, both hover around 20% dividend yield. Highest I’ve found. I’m still in the building phase so I’m more growth oriented til I hit 6 figures USD by end of summer. Then I likely will switch most of my investments to high yield dividends. Are you aware of any that have a higher dividend than those two I use? I’ll check your recommendations now! Always up to learn something new bro, I appreciate your reply
@@RetireandGostar bulk and arbor realty? Are those correct? Arbor is pretty good at 13.3%! What I like about the two I mentioned is they’re still suuuuuuper low valuations just like the crash in 2008, almost identical given the housing crisis we have now. So I’m really hopeful that I’ll 4-5X in growth on top of the dividends 🙏🙏🙏
great video great advice !
Thank you so much
Have a great day
I retired at 51. My last 5 years I maxed out my 401k and my savings account. I paid everything off, sold 2 rental properties and setup a cd portfolio that pays me $3,000/month. I also withdraw $1,000/month from my 401k penalty free until I turn 59 1/2.
3000 a month is solid
You can live in any south east country
You are rocking and rolling
@@RetireandGo yes, it’s actually $4,000/month but I feel good about that and I have a government and trade affiliated pensions that will kick in once I’m 62 and hopefully social security will pay me something. Keep making great videos.
Great content. I divorced 6 years ago, which I didn't see coming, and now on a similar rebuild journey. Investment strategy has been more growth orientated index trackers for now.
You are doing the right thing
We can’t always see the curve ball
But, we adjust
Adapt and move forward
Great video ,
Thank you
Have a nice day :-)
@@RetireandGo you too
I appreciate your channel. You give good information 👌
Thank you so much
Have a good week !
Just invested in bonds in a diversified portfolio which pays on average 5.5% a year. This kind of return in bonds in quiet predictable. It's a great return on my capital giving me about $2000 a month which is more then enough to live in Thailand. Not a fancy lifestyle but a comfortable one
You are doing fantastic!
Great investing
Great video. I’m retired in the Philippines and I also invest in dividend paying stocks.
Very nice
I am watching the markets today looking for some April buys haha
@@RetireandGo same here haha
Just came across ur channel, not investment savvy, but I understand what u saying, about having having investments that pay you regularly that are sure and secure I am 56 would like to take partial retirement at 62. I know I cannot fully quit working because I’d be bored out of my mind, but I would like to stay overseas in Thailand for six months out of the year and then come back to the US and work six months out of the year, looking forward to more information from you and learning from your channel
I appreciate your feedback
Yes good point you have to have things to do in retirement
Keep doing these amazing video thanks for every video you inspire me to do you do thanks from Chicago
You are most welcome
Please have a deep dish pizza for me this week :-)
Good for you brother, went thru similar issues in my early 50's 2 kids just starting college, yeah the money was tight, just stopped working at 63, rental property was and is my ticket, and i day trade a bit. I'm going to Costa Rica then Panama for extended periods soon but you got me looking at SE Asia brother, the CR and Panama are getting pricey, love your work, all the best PEACE!!!
Very nice !
Costa Rica is fantastic
I will return there for sure
I own BAM and SBLK. You will be happy to learn that SBLK is one of the largest holdings of Michael Bury (The Big Short)
Oh interesting I did not know that !
That stock pays! Haha
Fantastic video and content. I have steady income and invest for stable consistent growth. Both parent lived until late 90’s. I am very healthy so I focus on growth. I painstakingly studied stocks that did not decline at all or not much in the past 20 years yet had consistent growth. I don’t want the swings I weathered earlier in my life. These are also some of the most capital efficient companies in the US. Some refer to some of these as forever stocks. They are large companies very well run. It’s a “defensive” growth portfolio and has served me very well and I can rest very easily
I like your plan
Good companies
You have a solid study background too
Thank you. I like research and researched for years fit this portfolio. Great message you provide for us. Your humility is rare in the world we live in🙏🏼
🎉 house renting, I will go Asia in end 2025 retire with 51 years...
👍✔️💗 #AlmasAdventures
Outstanding!
You are in your way !
I’m excited for you
I like “how to” videos with actual examples.
I’ve found I handle volatility much better with divided stocks, because I’m getting money each quarter, regardless of the stock price.
Thank you! I try to show what I’m investing in
I can’t really advise anyone
nice
Thank you :-)
Have a nice day
I had just been wondering about the exact things you talked about in this latest video. Thanks for sharing your experience! (Also enjoy your little ending clips of "the mad dogs of" . . . on location)
Thank you so much
I like finding these mad dawgs
I really enjoyed this video! It’s so nice to learn from a real person with real experience. I’m looking forward to your upcoming videos for more detail. I do come to your channel for inspiration bc I am working my way toward living abroad full time starting in SE Asia hopefully in the fall.
I am happy to bring you this information :-)
Have a great week
Hello, I recently discovered and subscribed to your channel. I am enjoying the content that you post, I find it educational and very inspirational. It's wonderful that you found all the resources in yourself to achieve what you have today; congratulations! Today I wrote notes about your suggestions and I thank you for sharing all this valuable information. I truly want to establish myself in Thailand and if there is a possibility to do so before I reach legal age of retirement in Canada, it would be a milestone for me. It's so motivating to see people who are positive (and wise, down to earth) and who are successful; it shows that things are possible when you invest your time, thoughts, maybe love too. Yes, you do have to believe in yourself, that you can do it. Thank you so much, I feel I am learning from you. I await your coming videos and insights. I'm very happy for you because you deserve what you have. Best to you and many thanks again! One day it will be me too! Yay!
Thank you for this comment
I’m happy to inspire you and that is the main mission !
@@RetireandGo Aloha 🙏
At a $1.68 per share in dividend per quarterly return is excellent, but only if you have thousands of shares. However, it is still a very risky equity. For long term, I would not do it.
I understand
And there are many great ways to invest
Do what is best for you :-)
Lmao 15 years ago I had just returned to Hawaii to go to UH Manoa. Lmao. Before that I was an expat kid. Father was an executive for an oil company in SEA. Lived in Bangkok, Singapore, KL and went to various international schools in the region. Shout out to JIS alumnis and Singapore American School. Aloha to my adopted home state Hawaii! Glad you’re exploring the world my friend. The world is so much bigger then USA. I left USA right after graduating. I won’t be back lol 😂
You have an incredible story
You have traveled so much !
Great video with lots of useful info and advice. Insightful. Look forward to the next one when you share your research and analysis process before selecting a stock or ETF. Glad I landed here somehow. Subscribed.
Yes good point
I’ll keep the information coming
Thank you, from Vancouver, Canada!
I find your vlogs particularly useful. I also am passive income investing for the purpose of retiring overseas.
Your story is inspiring, and the details of your journey are very useful.
Very nice
This is a good investing journey for us !
That place on you ate at on soi honey and soi buakhao, has yummy food as well as great food on the coner also .
I like that area for little shops and food carts :-)
Fantastic information! Anxious to hear how it all comes together and is managed while traveling. Would love to hear a monthly budget amount… not so much item by item just total spent. Thanks for all you do
Yes for sure
I’m working on a 30 day cost summary each month :-)
Very inspirational thank you for the info Chris. I'd love to know your thoughts on superannuation as in build the nest egg or invest separately
Great question
My system is simple
Debt pay, emergency fund build, dividend stock portfolio build that pays 2000 a month
In that order
This is what I need to learn more of. Can’t wait to hear more. (like what are the steps for getting started?)
I totally understand
It was paying off my debts, selling everything and investing it all in dividend stocks.
That was the first two steps
Oh and get your passport to live in lower cost countries :-)
If the current Hamster gets the flick in November, your Energy investments will boom...🤞
True haha
Otherwise own pipelines
ENB, EPD, LYB
Cover both sides
Based on a yearly chart, I would NOT recommend PFE in any portfolio. If it breaks 23.80; it's going much farther down.
PFE can be volatile for sure haha
Diversify :-)
Have you checked out REITs like ABR?
I really wanted to retire now but can't. So so frustrating! Am going into value investing and learn the ropes of how to invest wisely for retirement. Hope I can achieve what u have achieved asap. Can't wait to travel and live out of my country. Here is too expensive to retire! Thank you for your wonderful sharing! Looking forward to your more sharing of retirement tips!
I understand
Work on debts and reducing monthly costs ok?
I want you to live your best life
I invest in a global ETF, which is 60% weighted on North America. The fund contains 3,600 companies around the world.
That’s nice diversification!
Yes sir spot on. My wife & I have been saving/planning on soothe same thing for 20 years plus. Kids are about to fly on their own & then we are flying out!!! lol. The $1.50 lunch is on you when we meet you in south east Asia!!
Haha yes !
I liked reading this and I’m proud of you two
Awesome video!
My greatest investment was joining the military @ a young age.
At 43 I retired fully with a military pension; a paid off home generating passive income.
Relocated in Asia with a family of 4; now enjoying a simple life; stress free.
Yes true
It got me started
Gave me some responsibilities
your a legend! but now that im having a good salary, im looking to buy some real estate, but today's reality is not the same. The cash flow in real estate is not as good, sometimes almost not there because of the high prices and high interest ( here in Canada ).
I totally understand
It’s very expensive to buy real estate
Look into adding REITs to your stock portfolio
Just as easy to buy as a stock
I buy ABR
All I can do it tell you what I’m doing ok?
I can’t advise you beyond that
But I use REITs to add more real estate investments into my life
They pay sweet dividends :-)
Interesting video. One thing they never teach in school is financial management and investing, the other is how to retire. The consequences are that some people are still working at 70 and need an exit ramp urgently. So any sound advice is welcome . Retirement in a western nation is out of the question. Any government retirement fund won’t even pay the basic bills . Thailand is great and visited it several times, it could be a suitable destination.. If your on the Line app it would be great to connect to discuss further.
True
Schools stopped teaching finance
It used to be called home economics
How to set a budget
Manage money
Not go into debt
That’s all gone now
But we can chat about it here
Can you please dig into the daily, monthly, and annual costs to live overseas? I think this will help to give a good target given these high dividend yielding investment ideas you mentioned. Thank you for the positive video and transparency, this is very inspirational!
My research for example in Bangkok area shows about a bare bones budget of about $1,100/mth to about 2,000/mth to live comfortable with not too many issues. Obviously the sky's the limit on the high side. I plan on traveling around like this channel so I am budgeting 2,500/mth to cover everything. US dollars for a single fairly Frugal person.
I can tell you as a general rule in Laos, everything is about 1/10 what things cost in the US. Not sure about Thailand. The only thing that seems to be the same in price in gas the the cost of new vehicles.
Absolutely
I will be doing a 30 day summary each month :-)
U frgt apple and coke ,both have good div.
Yes indeed!
I have a separate growth portfolio with all the big tech
Coke is a great dividend stock
👍🏼
Thumbs up to you ! :-)
as a Swede I pay about 1% flat tax on my entire share portfolio which is called an" investment account" in Sweden and all is digital with taxes and and it takes about 5 minutes online.
How do you Americans do taxes abroad and how much tax do you pay?
Have heard from American friends that the IRS and tax time in the USA is a nightmare every year and its papers in mail.
One percent is sweet ! That’s great !
@@RetireandGo yeah its pretty unique.. "Investment savings account (ISK) is a form of savings where you can save in, for example, shares and funds. You do not pay any tax on the profits you make. Instead, you pay an annual tax based on the combined value of your assets and deposits, regardless of whether you make a profit or a loss."
TThis year ill think the tax is 1, 089 % so slightly over 1 %
Great video man, this was exactly what I was looking for. with stocks it looks like you are sort of a digital nomad. This is awesome. I'm doing the overseas thing now. I can save/invest in 1 year what would have taken me 5 years in the states!!!!! We haven;t gotten rocketed/drone hit for a while but its totaly worth it. I'm going to seriously look at these stock options. now I'm doing rentals, I can manage them remotly and its a GREAT way to build wealth. I'm 37 now and have worked hard my whole life, I'm still young but I would LOVE to retire. Thank you for doing these videos brother.
This is so true
I’m investing more now than when I was working
Have a great day !
@@RetireandGo where did you learn how to invest?
@@RetireandGo weird question, to retire for myself in time doing what im doing is totally doable. Im also single no kids, Ive been thinking recently about looking for a wife and having kids. That would push my retirement out way further. Would this be worth it?
Thanks brother great info. How much funds ones must have to invest in all the stocks you mentioned?
I would look at a dividend return of $2000 a month to travel Asia full time
Hey, nice video. Dont you get hit with a 30% withholding on the dividend returns?
Great question
The first 40k of qualifying dividends are federal tax free
80 k if you are married!
@@RetireandGo that's interesting. Perhaps because you re still not considered a non resident. I'm a Canadian non resident and the USA witholds 30% on all dividend income. I had to switch to bonds and ETFs for this reason. Thanks for the content
Recommend not buying high dividend paying stocks if you’re in a lo capital gains jurisdiction.
Also in some Asian countries once you get residency, all income earned outside that country is non cable I read
All good thoughts !
No long term visas for me
I’m a traveling man haha
In US you can make 40k a year in dividend income tax free
Everyone should be doing this
I’ve heard about monthly budgets in Thailand. Is there a total amount that would be good to have for example 500k or 1 million or higher. I’d like to retire at 59 1/2.
Great question
I have found $2000 a month has been more than enough
I barely spend that if ever
Target that
Thanks for sharing, enjoying your return to Asia. Curious did you sell your house or rent it?
Great question
I rented it long term
No mortgage to pay in retirement
Very important
I appreciate hearing and identify with your Phoenix story. Thank you for the sage advise on investing.
Besides investing and TH-cam do you see any other opportunities to start streams of income in SE Asia?
For divorce beaten men out there: there is hope but it will take risk and more hard work.
For young men: you should start earning and investing young while avoiding wealth destroying traps.
Teaching English or opening a shop that hires a few locals
Those are two workable plans :-)
I am thinking about moving to Thailand somewhere south east asia. Sold my half of the house to my ex-wife about 2 years ago. Not sure how to invest. I have a job at a high tech company as a sw engineer. And i have not traveled abroad since 2020.
You are in a good position
I’m glad you are searching videos like this to give you ideas
I for sure want you to travel
A question I am curious about.. Am Swedish and do LIVE the semi-retired life at 52 now in the Philippines after working +11 years in Thailand/ Bangkok .
Daytrading mainly as a hobby 2-3 hours on the balcony and make my monthly rent + a little extra in a week often. And for a hobby it's damn fine.
I pay about 1%(one) flat tax on my entire share portfolio which is called an investment account in Sweden and all is digital with taxes and takes about 5 minutes online.
How do you Americans do taxes abroad and how much tax do you pay?
Have heard from American friends that the irs and tax time in the USA is a nightmare every year and its papers in mail.
Great question
I use a CPA that understands I’m an investor that lives overseas now
I sign my taxes digitally
I pay them online
Basically everything is online and super easy now
@@RetireandGo big difference there then..i dont need a cpa..the government does all the numbers for me and i just sign..1%.. and yes digital is standard since 2003 ill think in Sweden=)
May i ask, how much was your portfolio when you decide to retire and having this lifestyle?
Great question
My target is $2000 in dividend income a month
By the way it’s federal tax free
Boom!
I'm 29 years old from Canada and will be retiring in the Philippines this year with ~200k invested in the S&P 500.
I've made a budget and my portfolio should outpace my spending costs by nearly double assuming a growth of 7.5% annually.
Thank you for making these videos.
You are absolutely welcome :-)
I like your plan !
200k invested means that you should be able to withdraw 3% (6,000) annually adjusted for inflation and your portfolio should last beyond 30 years.
6000/yr is not enough to live in the Philippines unless your living in a nippa hut deep in the provinces.
@@carlyndolphin
This would be correct if i kept my money in my checking account.
But the portfolio grows 7.5% a year on average adjusted for inflation.
I could withdraw 15k a year and it would still be worth 200k.
I'm a homebody and cook all my meals, i do not need 15k a year to live in a studio out in the province.
@@itoldyouso2185 Even if your portfolio averages 7.5% per annum, you are not allowing for inflation. Historically someone withdrawing 4% from their portfolio, the worse case scenario is that their money would have lasted 30 years, adjusted for inflation. The guy in the video below explains it better than me.
th-cam.com/video/1O1Lk21o3Hw/w-d-xo.htmlsi=5btoraQOYuCJLmlR
Your investing idea is interesting. I love investing in stock as well. Looking forward to hearing more investing advice in your future video🎉.
Thank you
I will try to make an investing video each month
That's a pretty impressive comeback. 👍 Never married but lost $800K in investment properties, so I've had to make my own comeback from that. I invest in low cost, diversified index funds (stock and bond), plus I bonds. One thing I learned from the properties is that it's best to invest in a way congruent with your personality - being a landlord was not for me. One tip re dividends: try to generate less than you need. If you generate more than you need, then you're forced to receive income and pay taxes on it, when you don't need it.
That’s a loss! I commend you on your resilience
You are an inspiration!
Great Video! I can identify with you as I went through a similar situation. In order to get started, could you provide some guidance on how much money should one invest in each dividend stock to receive a solid yield.
I can only cover what I do as I’m not an advisor
I’m investing enough into dividends stocks to give me financial freedom to travel
My expenses are under 2000 a month
That’s the target
If not for your youtube work do you think you could get down to just a phone and not need the laptop?
Hmm this is a great question
I also maintain my investments online
I do believe it’s possible with investment apps
So .. yes I think it’s possible!
First of all, thank you so much for this video. It's really opened my eyes on new ways of investing... So I've done a lot of research in the last few days And some one said keep an eye out for the payout ratio being over 100% It could be a red flag... In regards to BAM it's over 130% what will make you still want to hold this? How long has it been that high do you know?
You make a good point
The payout ratio should be around 60 to 70 percent
There are some stocks that will go through a time period when revenues drop and they can’t maintain that ratio. It’s scary
This is why diversification in your portfolio is important
That way if a stock has a rough year it does not throw your whole investment plan off
You are right to be cautious
@@RetireandGo 'diversification'. 💪
@@trevr1969 yes!
This is one of the most important videos u ever did. Since I have subbed already just one question on behalf of all middle age n Old age dreamers who wish to follow your path. What is the size of the portfolio you recommend from your experience that we should accumulate in order to receive an adequate monthly dividend income before departing for South East Asia for good.
Your answer should be at least 95% correct in my opinion.
You are very kind thank you.
If you target $2000 in passive income you can live comfortably in Southeast Asia , save for Singapore haha
Very good video, im in the process of building my high yield dividend portfolio to replace my salary so i can eventually exit the rat race.
You are doing great! What stocks are you looking into ?
4 more years for me to retire. It is scary as my country's currency is very weak now unlike usd
You are on your way and doing the right thing
So for dividends, it sounds like you don't have them reinvested, you have them paid out to you to live on? Do you have a pension?
Great question
I reinvested them for 30 years then turned off DRIP when I retired to start using them
Great stuff. I am looking at retireing soon also with stocks. Would like a brief overview of what banks to use for easy access to cash when you transfer out of brokerage account. I have heard Charles Schwab is good. Also with like the grab app do you link to credit card or debit card? While on vacation i noticed a lot of foreign transaction fees on my credit card.
Great question
I think most people are using fidelity
Charles Schwab is also a big one for online banking and investing
Setting up grab is great for Asia yes
I have a ATM and credit card video coming this week
@RetireandGo can't wait! I am super excited to stop my W2 work and enjoy life. My dang insurance and taxes alone will pay for my housing in southeast Asia.
@@southduck same here. Tired of paying over the top property tax. Building a home in Phonhong, Laos. My wifes hometown. Total build out price, turn key , fully furnished, should be about $70,000
Robinhood is easy to navigate on. Works well on a smartphone.
I hope your children follow your advice. Sound advice but hopefully if they marry, it is for life.
Yes I hope so as well
We try our best :-)
Finally, a mature informative experience man that I can listen to and believe. Can anyone in the world invest in these stocks? I need your help!
I think most countries have exchanges and online apps
Is it ok to ask if you shared custody of the kids?
I think if I didn’t have 1/2 custody of the kids…which I fought for…I’d be doing a lot more of what you’re doing.
Keep it going 👍🏼💪🏼😊
See ya in Pattaya in November if you’re there
Oh yes things were peaceful
I recommend that for everyone
Stay chill regardless of circumstances
Raise the kids in a positive environment
Then travel
Mad dog, lol!
Yes! Watch out for them mad dawgs !
Thanks mate. Do you know of any good stocks from Australia?
Also, what do you think of investing in Bitcoin? Too risky?
I have a crypto video coming up
It should clear that up
I don’t know about Australia stocks
The economy is good there though yes?
From OZ you can invest in US stocks via IBKR
Stay out of crypto unless you young and can weather the volatility and don’t invest much in it .
@@joeblue2492 Thanks. Is IBKR better than SelfWeath?
Great video. Investment idea for you:buy Ford stock, sell covered calls to generate income. The stock seems stuck in a range. Plus pays a 5% dividend.
You know your stuff !
I never got into anything beyond long term holding
@RetireandGo ha ha I'm no expert. But might be good for you. Ford stable, good company. Plenty of videos on You Tube to explain covered calls.
You sell the call, you collect the premium right away.
Great videos. Congratulations on your new life. If you're ever in South Thailand like to buy you a beer. We're in Trang. Good luck.
Crow with knife, meme coin! just look it up and you will retire earlier than you think! Act now!!
Haha what the heck ?
No meme coins ! :-)