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I followed them at ThinkSaveRetire.com blog for years before they retired early. Why trade work hours and freedom for stuff and chain yourself down. At 57 Im retiring this year from a govt job and 5 paid off rental but WISH i had retired 5 years ago before a mild stroke and knee problems. So much for traveling the world now with health problems and now covid threat. I can still do somethings and slow travel I guess but I have regrets so bravo to them for getting out early!!!!
1 26 2 1,500 different stocks and cryptos 3 $1 million by 2025 4 wDoge Coin (bscscan) had a glitch today instead of being $0.0000001 it was interpreted as $0.31 - was a multimillionaire for a couple of hours, ha. Came down to earth after glitch fix. Entertainment purposes only comment, not financial advice.
I am a 42 year old female, no kids or spouse, living at the beach in NC, and have to live with a roommate - theres no other way I could pay for everything - 580 rent, 48 electric, 15 streaming, 30 storage, 11 sirius xm, 1 apple, 20 gifts, 24 car taxes, 46 oil changes, 171 car insurance, 200 fun, 200 food, 85 prescriptions, 45 bloodwork, 131 diabetes monitor, 23 gym, 64 cell, 35 internet, 48 dental insurance
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
There are several independent advisors you could research. However, I have been working with ,Lisa Ann Moberly for almost four years, and we get along great. If she appeals to your judgement, you could continue with her. I support her.
Thanks for the tip. Finding details about your Advisor was easy, and I thoroughly researched her before scheduling a call. Her impressive résumé suggests significant expertise, showcasing her proficiency in the field.
i like how these guys stay true to what sacrifices they were willing to make (i.e., no kids, far from the city, away from modern amenities) in order to enjoy their current lifestyle. May not be for everyone, but kudos to this couple for sharing another glimpse of how people can achieve FIRE and have all that they need.
it's only 2 years in, let's see what happens in another 3 or 5 years. It could continue to be great or they would have eaten each other up with boredom by that time
no kids is the biggest sacrifice I'd say. Major part of your life gone. You can always drive to the city or modern amenities. They should really talk about that in the video -for me the elephant in the room
I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to fire movement.
@Chris Bantal FIRE means Financial Independence Retire Early . It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle.
@@matthewmcneil216 it's because the people who ask to be on Make It are more wealthy than average, while single moms are typically poorer than average because they have lower incomes and more kids to feed
@@mooreleigh8928 It was a big party i tell ya. I sold my house in 2004 after the value of my house doubled, I mean it was unprecedented that the value of my house doubled in 8 years. And the buyers of my house were given a loan of 105% of the purchase price, Then I read that people had taken out balloon mortgages. Then, I was offered a "no doc" loan to purchase a condo. I mean the red flags were HUGE. there were signs of impending crash and it happened in 2008. I bought dip, made so much gains. That was when the party started.
I'm_jealous. I need some guidance please. Lately I've been considering buying dividends stocks for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing.
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.
@@amolejoshua7452 I agree. Based on personal experience working with a financial advisor, I currently have $800k in a well-diversified portfolìo that has experienced exponential growth from when I started. 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.
@@elegboozioma7267 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.
@@FolarinSodiq I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Victoria Carmen Santaella" I've worked with her for 4 years and highly recommend her. Check if she meets your criteria.
@@elegboozioma7267 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.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I'm 61. I used to work as a Financial Advisor/Stockbroker with Morgan Stanley. In our training, we were told to advise clients that they should anticipate living to 100 or well into their 90s. Therefore, they would need retirement funds which would last for approximately 40 more years after stopping working between age 60-65. To have retired mid-30s, that would add an additional 30 years. Therefore, retirement funds would need to last perhaps 70 years. This couple featured has no children so that is a savings. However, one of the things they did not talk about which is a real concern for most working people is healthcare costs. By retiring at such an early age, they have taken themselves out of eligibility for group plans through one's job. Group plans are a form of government subsidy since the premiums are paid in full or in part by the employer who gets a tax write-off for the amount contributed to the healthcare insurance premium. Many employers continue to receive a tax write-off by establishing Health Reimbursement Accounts (HRA) for their retirees which help with premium costs. The former employer, then, contributes either a lump sum of annual/monthly amount toward premiums and out-of-pocket expenses. Over time, this couple will have to pay higher and higher premiums as they age. Should they be hit with a catastrophic illness before age 65 when eligible for Medicare, they will have major healthcare costs which could wipeout their savings because of high premiums and no Medicare subsidy. To be eligible for Medicaid, they would have to spend down and not have a house, car, investment accounts, etc. Also, their dollars they have saved now will be worth considerably less over time even when adjusted for interest, dividends, and inflation. If something should happen to one or both of them which would end their ability to drive, they would need to move closer to a town or city, which would mean an increase in spending. Also, if they should wish to return to work later, in their 50s or 60s, they would find employers hesitant to hire them for any high-paying positions as they age. Therefore, I would not advise someone retiring so early unless they are independently wealthy (i.e., family wealthy or business) apart from their own investments and savings. If people wish to have more flexibility with their time, I advise working from home in some capacity, either for an employer or starting one's own business. Retiring before age 50 could prove very risky because of the many factors involved, chief among them being healthcare costs.
Morgan Stanley probably loves people sacrificing decades of freedom (especially their employees) just so they can qualify for government subsidized health insurance lol.
@@Blacktorch27 You missed the point. The point is that retiring early before age 40 with only 1-2 million is not sufficient to deal with the changes that may come as people age. Therefore, remaining in the workforce is not primarily for the benefit of gaining “subsidized” healthcare, as you say. The purpose in remaining in the workforce is to provide oneself with as many resources as possible for retirement so that, in the event of an illness, there will still be sufficient funds available in retirement to withstand the expenses associated with aging.
@@rozchristopherson648 I fully understood the point. 1.2 million dollars saved in your 30’s in the stock market and bonds averaging 7%+ assuming - like Morgan Stanley trained you - that your funds must last until 90-100, means that you’ll have 60 years off of compounding. The faster and earlier you retire with a huge chunk of money invested, the LESS money you need because of longer term compounding. Completely offsets the risk of serious illness in your later years. I’d rather exercise multiple times a week, not smoke, and eat well to reduce the risk of a big medical bill, instead working an extra 3 decades.
@@Blacktorch27 No one said you had to work for someone else for an extra 3 decades. It is better to build a small business and to own several rental properties along with investing in stocks, etc. When one is relying totally on the stock market to get them through perhaps another 70 years of not working, that is extremely risky. Also, it is wishful thinking to believe that solely having a healthy lifestyle will prevent you from having any health problems along the way. The situation is analogous to fighting a war. One does not fight a war on one front alone but along several strategic locations. In retiring, there are many factors. Some of the are outside of a person’s control. I’m 61. I can tell that you are a young person. Experience is the best teacher. When one is young and life is going your way, it is harder to see how events in the future can effect your one’s life in terms of health and finances. A better approach is to secure as much as possible in as many different ways as possible while one is still an “abled-bodied” person capable of generating income.
@@rozchristopherson648 you said retiring early was risky because you probably won’t have enough money especially in the case of a costly medical event. Choosing to work until retirement age instead of an average early retirement would be an extra 3 decades. You’re right, I’m relatively young in my late 20’s but I can assure you very few things in life have gone my way 😂 I’m aware of life’s risks and admittedly I am less risk averse than most people. That, however, is exactly why long term stock market investing is superior. Investing in funds that track the major indeces is fool proof. When you have enough time, you can outlast the market downturns which by the way have a perfect track record of correcting themselves. And it’s not wishful thinking to believe that 99% of the diseases people die from are preventable with basic health habits spread across a lifetime.
I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
Research dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.
A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.
She goes by ‘’Sharon Lee Peoples’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I have to agree as well, and this isn’t necessarily a bad thing. I have friends their age that look much younger. But that doesn’t mean people don’t look bad!
In a way, they are stuck. Doing nothing in the middle of nowhere can get really old - especially for maybe 40 more years. Indeed, raising a child near the border can't be good for kids either. It sounds like they are just running their lives on a principle that isn't rooted in what life should be about. In other words, they earned their time, but it doesn't sound like they are doing much with it.
@@SurpriseMeJT Can't really say people who live in cities and suburbs do much else besides living in inside their houses. In that regard, there's no difference tween living in the middle of nowhere and being in a neighborhood.
Financial books have been so helpful. >> I’m 54 and my wife 50 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
I read a book that talked about having a financial adviser. Well, Credits to ROCHELLE DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience..
Joined the Navy at 18 with 7k in the bank. I did janitorial and smoked a lot of pot in high school. Left the Navy after months with 40k in the bank. Invested 30k in the S&P stocks. Started working at UPS, Exide Battery and did concrete on Saturdays. Invested 1k a month every month into it with my Financial advisor James Fletcher Brennan, Cashed out 350k from the S&P Cashed out and Semi retired at 31. Took a year off. Traveled. Came home and started working part time just for the insurance, entertainment and pocket change and still investing in stocks with a 3 million net worth, Work isn't work when you don't have to work. Becoming wealthy can be done in few years. It feels like 60hr work weeks. Feel the pain of discipline early or feel the pain of regret later. I wish everyone well!
this is really inspiring! i I finally understand that as a salary earner i need to start saving for investment so i can retire early, there's so much i haven't done yet that i'd like to do. this is the nudge i needed
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
This is one of the few budgets in this series where it actually seems like all annual expenses are included within the monthly breakdown, glad to see it. Loving all the commenters saying this couple has a boring life, lol, please tell me...what are all of you doing that is so exciting? Watching youtube videos and leaving judgmental comments? Going to work, spending time with family and friends, doing chores, taking a vacation once in a while? Perhaps you missed the parts of the video where they talked about how much they travel and how they literally spend their time doing exactly whatever they want?
The people who are saying they have a boring life are likely city folk who dont know how to entertain themselves without a screen, alcohol, validation from others, showing off, or doing anything on their own.
Overall, 60% 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.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
@@WaldronsSousas The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash and, hence get burnt. Ideally, advisors are reps for investing jobs, and at the first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@NebiheVergara How can one find a verifiable financial planner? I would not mind looking up the professional who 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.
@@TimothysScotts MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
I am fascinated by this. I don’t think I’d want to live such a spartan lifestyle in retirement, but I admire them for doing so and for the freedom they are enjoying at such a young age. Well done
what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
@Brilliantrans Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
An when they’re in there 70s they will still have more retirement and more money to spend then the average person working everyday up until that same point
Key points: NO kids, Frugal lifestyle, cheap home, low taxes and healthcare from Mexico. (Every day 6000 Americans cross the southern border for healthcare).
Not only do they have no children but they were both high earners. They lived on 30% of their income which was 70k/year... Good for them though. I liked this episode.
Regardless of whether they had children -- remember that childbearing is not some accident. Parenthood comes with sacrifices, and real costs. Some people can decide not to have kids, and budget/freedom is just one consideration. Childfree FTW ;)
@@stevee2639 they literally told us about all their personal finances, introduced us to Penny (dog), traveled the continental US which would be extremely difficult with school age children, but never even hinted at children. It’s a fair assumption
It’s not how much you make, it’s how much you keep. Lots of people with household incomes of $200k+ are broke. Spend more than they make. Tons of debt. Nothing saved or invested. Then you have people with a household income of $75k a year with a seven figure net worth, no debt, fully funded emergency fund of 3-6 months of expenses, spend less than they make.
I would agree 100%. And this is almost everyone, no matter their income. They just keep spending more and more and more. Finally, they get old enough that they are tired of supporting their extreme spending, and "downsize" and retire. Then they look in the mirror and see a 70 year old staring back. For some, it may dawn on them that they just sacrificed the best 40 years of their life for the 15 worst.
I'm 32 and my husband 40 we are both retired with over $1 million in net worth and no debt! mortgage cleared Currently living smart and frugal with our money Saving and investing lifestyle made it possible for us this early. Thanks to FIRE movement
@@lilianrutherford9153 FIRE means Financial Independence Retire Early, It's been a movement teaching people financial independent and how to retire debt free
I’m a dividend investor My wife and I have invested in the s&p500, both through my TSP with the government, and through Fidelity in her 401-k.Cashed out 370k from the S&P and invested with a FA . Until around 3 years ago we were 100% in the s&p after over 20 years.I'm retiring at the end of this month at 56, while my wife will retire next year at 54. We currently have 2.7 million in out tax deferred savings and still with investments in individual companies...
@@henrygardner6448 i sure did. it took quite an effort trust me. I can't actually leave details on here, you could do that yourself her name is Nancy Jane Gluck, she's quite known ,you best look her up, you would see all you need to know..you could leave her a message on her webpage..
This is my husband and I. We have met the 3 mil mark just this year and my husband is retiring in January. I retired two years ago after being in healthcare for 30 years. We have zero debt and good health at 59 and 54 respectively. I wish we had your investment savvy going into the next couple of years, but I think we’ll be ok because we’ve never drawn our happiness from money. Would you buy crypto at 20k?
@@5thdimension625 that's absolutely great. most times before i buy any digital asset i always go through it with my advisor to weigh my options but i think crypto is a good buy.
I got 3 of them, babys cost about the same as a pack of cigarettes per day. Basic cost for school age is not much more. Goodwill has nice clothes for pennies...(my daughter just got near new Lululemon shorts for $4.99). Kids are not that expensive.
@@JBoy340a lol - not many 70 year olds own a UTV or a tractor. People like you want an exciting life and probably will never see it. These people are living it.
I punder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 9 years closer to my retirement schedule.
You can start by investing in the forex market, it's one of the most liquidated market in the world with no limit to profits and in less than two months you should start saving in a bigger volume.
forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.
I used to see forex trading as a side thing but it has proven to been a major source of passive income ever since i came across Mr Carlton Jefferson , his experience of forex market is unrivaled.
Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Carlton Jefferson , i never knew good trader still existed till I come in touch with him
I get to earn a biweekly trading income of £19,000 pioneered by Mr Carlton , ensuring sustainable profitability in my investments. I’d say things are working out perfect
Reading most of the comments on this video makes me realize EXACTLY why they moved out into the middle of nowhere. I wouldn't want to be around people like you guys either. :P Judgmental much? These people do not NEED to work. They CAN if they chose to. Most of you NEED to work to survive because you didn't make the sacrifices and choices in order to buy your freedom. And, that is your choice to make, but it doesn't make their choice wrong.
With all due respect you’re old guy that’s why you’re angry loooool everybody is just shocked at how these “30” year olds don’t look 30 and why they are choosing to live like grandparents but it’s seems the comments on this video has you riled up 😭🤣😭🤣🤣😭🤣😭😭 don’t take it to heart most 30 year old replying to this are simple trying to figure out what’s going on while you’re taking that as an insult loool nobody is insulting no one just wondering why they are living like a 70 year old couple
SO glad they didn't listen to family telling them to sell during the crash. Don't sell when you're down. You're only actually losing money if you sell. Well done!
I’m 49 my husband 54, we are both retired with over $4 million in net worth. Currently I’m living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early.
I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money. It's always better to work smart and not hard
Just want to point out that this couple has the TH-cam channel ‘A Dreamin’ Life’ where they chronicle their travels across the country in their Airstream RV (among other things). I promise they DO NOT live a boring life. They travel for much of the year and see amazing things. I’m also in my mid-30’s and traveled with my husband in an Airstream across the country for a year and a half. It was absolutely epic. Totally beats any dream job EVER, period! #liveliferiveted
@TheNorthernAviator They are thrifty, because they have a long way to make their money last being so young. When they are 70, like when you will retire, they will let loose of a lot of their savings.
Also one more thing.. Americans, if you gonna do this, living in middle of nowhere, no gas, just to be bored as hell.. Why don’t you Come to Europe, there are many places cheaper than USA and awesome places.. Spain, Portugal..Latin America too.. if you retire with 36, at least do it right..
I was retired at 46 in 2002. I kept investment in stocks also had income from a rental property. Now I follow the 4% rule plus social security money and rental income with zero debts.
Good for them, but I would never want to trade my job and current lifestyle for theirs. That looks like a life I would live if I got forced out of my job and became unemployable because I committed some kind of unspeakable crime.
@ Billyj Clinton 🤣🤣🤣🤣🤣I know right!! It does look depressing! Omg not an unspeakable crime😆🤣🤣I hollered. With all that time on their hands they should both be ripped, but they look OLD AF!!!👀
Gotta say I agree. We have a lot saved, live in a nice house/great area, but one far beneath our means. I can relate to these people more than I can the keeping up with the Joneses crowd though. The $ amount they are living off of would worry me, I would want to have to live a life of deprivation.
Husband and I have a million and only spend about 40k a year but not retiring yet because of inflation and chances that retirement will fail since we are so young (currently 30 and 35). Wish we could be as brave as this couple. But with everything going up in prices astronomically, it feels too scary to early retire with just a million.
Same here. There’s so much uncertainty right now to be jumping into FIRE with both feet. What they don’t mention is that reversing that decision will take some effort. The longer you’re out of the workforce, the harder it is to return. Even if you do return, what employer isn’t going to think that you’ll do it again at any given time? My preference would be to build enough passive income streams to generate enough cashflow to cover expenses instead of relying on some 4-7% return rate that surely isn’t a given. Also a million dollars isn’t what it used to be and being only in the 30’s….there’s a lot that could happen in future years.
I have similar fear, too, worrying about not keeping up with inflation. I heard about colleagues who were retired in the 90’s thinking the 70%/80% pension was enough (without much saved in 401k). Now they are in their late 70s/early 80s and pinch pennies. Some had since moved to cheap states to stretch the pension money. I can live with $30k a year after tax right now (zero debt) but 20 years from now I may need $60k after tax for basic life style.
Way to go, guys! Big props to you for working hard, deciding what was important to YOU and setting goals, and making the sacrifices necessary to achieve your goals! And for sharing that information with others so like-minded can learn from you! Awesome, and thank you!!
Well they did also say they only sold in an up market. Which is also timing the market. You never know if you’re selling at the peak or jumping off too early.
I like this video. What I take away from watching this couple is how they continually discuss their finances and future. My partner and I do the same. We're always evaluating our personal finances, researching retirement options. We've been open with each other since the first day we met and I believe that's why it works so well with this couple.
maraina- You make some good points here. I agree its good how they discuss their dreams together. Ann Landers took a survey back in the day; discovered the couples without children were the happiest.
Probably the only honest food breakdown I've seen on CNBC Make It. ($750 groceries and $250 dining out). Everyone else is like "I live in NYC and spend $350/mo on food". 🤔 Something's not right here.
Surprised they chose to stay in The USA, instead of retiring in a much cheaper country. Mexico is right next door, and their 40k per year would go so much farther.
Your time is the most valuable commodity on this earth. I've seen so many people trade in the best years of their life for a paycheck. That's why I quit the rat race and till this day, it was the best decision I ever made! I now own my time.
Good for them. While i find this interesting and admire them for reaching their goal, let's keep a few things in mind: 1) they have no children 2) the 4% rule no longer works. nowadays 2.5-3% is what's considered a good withdrawal rate 3) last but not least they gave up ALOT (from my perspective) to be able live this lifestyle. The fact that I'm like 20 mins from civilization is an absolute no no.
Yeah 2.5%-3% is very conservative, which there is nothing wrong about that, but the original creator of the 4% rule has edited his findings and determined 5% to be realistic.
The 4% rule no longer works? Who told you that? William Bengen, the creator of the 4% rule himself, came out a few years ago and stated the rule should actually be the 4.5% rule so I'm a little curious whenever people claim that it doesn't work how they came to such a definite conclusion.
It works for them. They have to make sacrifices to make it work but they value freedom and flexibility to do whatever they want over being close to civilization, dining out, etc. Unless you are super rich, we all have to make trade offs decisions.
SUCCESSFUL PEOPLE DON'T BECOME THAT WAY OVERNIGHT. WHAT MOST. PEOPLE SEE AT A GLANCE_ WEALTH A GREAT CAREER, PURPOSE IS THE RESULTS OF HARD WORK AND HUSTLE OVER TIME. I PRAY THAT ANYONE WHO READS THIS Will BE SUCCESSFUL IN LIFE.
Good for them! Right now they still live on a budget every year due to their capital growth being at its first stage, but later on in life their budget might grow much bigger, allowing them to spend more. Very financially responsible people. I wish them all the best! This comment section is kind of savage and judgemental, but i guess it can't be helped, it's not everyone's cup of tea!
Why anyone would want to work until traditional retirement age makes even less sense. You would retire at the age when you are physically limited in doing things you enjoy while giving up your best years to a job. A lot of these "retired" people do have some thing that brings in side income. This guy runs a pretty popular blog.
If you are fortunate enough to have enough money invested and just use 4% you can live off this forever. I think this is way better position than working
If you didn’t catch it, they shared their net worth is increasing. They have time and money to live the life they want, not the life they are expected to live.
This is awesome! I used to have a spending problem too and got myself into trouble. Now they get to enjoy what they love to do by achieving financial independence.
If you’ve paid off mortgage, you don’t have to live in such a remote location to retire. For us, driving 5 min to get grocery feels too far (we used to be able to get grocery within 5-min walking).
Also good thing you guys never sold when down, that’s literally the worst financial advice possible from friends and family. Even if you’re timing the market, why would you sell when down?
well if you can afford it keep it. but if you can no longer make payments on debts and are on brink of bankrupt, you are left with no choice, you sell to pay off debts or the lenders will repo you.
@@skylinec83 Time in the market > Timing the market. Never sell when market in the downturn unless you need the money right away. Market always recovered.
To each their own, but what’s so great about having freedom if you live such a minimalistic life? No restaurants, no fun, live in a bad looking house, no kids, no extra spending... so you just live life to do whatever u want, but you’re financially strapped and u really can’t do much except free activities? Someone explain to me please.
They go to resteraunts. Not surw where you got that they're not having fun. Bad looking house? Umm ok your opinion. No fun? Not sure where you getting that they don't have fun from. There's a whole host of assumptions in your post without much to base it on.
@@ariefraiser140 you seem to know them so well. They said they try not to go eat at restaurants, their house does look bad I’m just speaking the truth, they don’t have kids which is another fact, and they said they keep their spending to a minimal so I highly doubt they splurge on anything. 🤷🏻♀️ sounds like a really boring life to me, retired so early just to live on crumbs.
@@TeenaNikole Well I have read a few of their blogs. I never claimed to "know them so well" just well enough to know the assumptions you placed on them isn't accurate.
@@SurpriseMeJT All you do is critique the fact that they live so close to the border, had they lived in the middle of Kansas I’d be willing to bet you’d praise these people for their savings abilities.
@@SurpriseMeJT They traveled all over the US in their mobile home for 1-2 years. That's more traveling than a majority of American citizens will do in their lifetime.
Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!
I'm 48 years old with no retirement plan yet, any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $ 225k.
oh wow😮. This is incredible. I listen to her podcasts sometimes and I have learned lots of strategies thereso, never knew she offered these services. does she still take new clients?
If by frugality you mean a house, car, internet, healthcare, food, clothes. Jeez you should have been born before 18th century and you would know what frugality is
Can't live like a king on 870k, but can live ok in places like the Phillipines if it's Kept it in a moderate risk mutual fund and withdraw 5% a year = about 50k - 30% for taxes leaves about 35k or 3k per month. Some years are down, so need to be frugal. They should've obtained a pension as well.
@@kennethboehnen271 been to the Philippines many times and on that $870k you definitely can live like a king or queen and as long as you budget you can spread it out many years. However, I would choose Mexico if you just check some website it's actually cheaper than the Philippines case in point buying a Toyota Corolla way cheaper in Mexico. Plus closer and many more American stores in Mexico.
When you have a high income and are married to someone with an equally high income, that's very easy. Getting one half of that equation is hard enough. Married couples rarely understand how much easier they have it.
They are definitely the exception rather than the rule. You need to earn a high income and invest almost all of it in high return investments (more luck than anything). Then you need to be super frugal for the rest of your life. Not sure how feasible this is with kids. $50/month budget for dining out? No thanks, I’d rather work at a less stressful, lower paying job to get a paycheck. No mention of what they do bout health insurance. That’s not cheap and gets more expensive as you age. Besides, I would need something to do besides “hang out” with my wife all day, every day.
False perceptions people have that you have to have everything figured out by a certain age. Some people don’t figure out what they really want to do with their life until much later. Worst thing you can do that can hinder your own progress is start comparing yourself to others who are on a different journey then your own.
I am surprised by the amount of personal attacks on this couple. Everyone has a different view on what their retirement will look like. They seem happy, so that is all that matters. Could it be that people are envious and that is why they are hating? Best wishes to everyone!
I'm 69 and my husband is 71. Neither of us understands the mentality of wanting to retire. We believe the key is to work smart, not just quit altogether. Our combined income is north of $270,000 and that's just too much income to give up, for us anyway. The other consideration is what would we do if we retired? Sitting around knitting and walking the dogs is ok over a weekend but we need way more excitement than what that offers. I work from home and name my own hours. My husband goes into the office 4 days a week. We both have more vacation time than we'll ever use but still manage to get both Hawaiian and European trips in at least once a year. So it's not just work, work, work for us. And the income makes it possible to do these trips on a whim if we choose. Retiring and just sitting around will never appeal to us. But maybe the bottom line is, find a career you love and it won't seem like work.
Who said being retired means sitting, walking, and knitting? If that's what you with your free time then yes, anyone would be bored. Some people find their purpose in work. They live to work and that is fine. On the other-hand others love their freedom and do exciting things. They work to live not the other way around.
It doesn't matter how many years left, the idea being your investments/net worth stays around the same level if you only withdraw 4% as the value will go up say 7% but you lose say 3% to inflation. It's more about how much you have at the time of retirement and if you can live off 4% of that going forward.
Highly doubt it. Inflation is kind of crazy right now. And they hold 60-80k in cash. The downside of being retired is that it’s hard to be able to hold onto a lot of speculative assets like cryptos.
Inflation is why this won’t long term 2500 per month won’t work in say 20 years. Not to mention are they never gonna take a trip extra and their budget is already tight. If they would have worked 5 more years they could had 1.5 million and that’s would have been more realistic
I would say that best that happened to you was to find each other. I have a hard time finding a husband. What is the purpose of retiring if you are going to be all alone. Yeah people say oh go travel alone do things on your own but it is just not on me. I do not enjoy them. When you have a significant other by your side you can conquer the world.
It's whatever works for you. One thing I partially disagree with is if he figured he (and his wife) couldn't handle his current career (writing code day and night) there's always looking for another career that fits your passion. Retiring so early just based on you hate your jobs can be risky.
I get the spirit of your comment but I’d hardly call their choice of lifestyle a luxurious one. Honestly is seems dull and boring. Living in the middle of nowhere, solar power only with maybe a battery pack that you have to ration energy use, watching your budget constantly…. If it works for them great, but I’d rather work. Now if you’re gonna talk FAT FIRE, I’m on board there.
@@toniwonkanobi True but what is the point of having nice things if you don't have the energy or time to enjoy them. Also I believe you should not consider the FIRE movement unless you have the planning & budget to continue a normal life in retirement. I retired at 43 and I could never go back to working again, I can live without eating at restaurants if I can wake up & go to bed any time I want. For me that is priceless.
@@mibox8302 Makes sense. My job is relatively easy and relatively high income. So it's not worth giving up nice things to just sit around and do nothing. (I get up and go to bed when I want anyways.) Props to folks like you for living your dream, though!
I love it, however this seems more like an adventure then a retirement and I commend them for that why wait until your in your 60's or 70's before doing what you want, you never know what's down the road and I think there is nothing worse than the I should have, could have , would have but never did. Plus their young enough to change their minds and go back to work full or part time and move somewhere else closer and more populated if they so choose or raise a family. What they are doing takes a lot of discipline and some risk but nothing is worse than regret. 👏👏
Good for them and good luck with the early retirement. That being said, this video made me realize that I don’t want to live like them. To each their own but Minimal lifestyle isn’t for me. I like ordering out and not living in the middle of nowhere, having electricity when the sun isn’t out, having a separate bedroom from office, or having to cross the border to get my teeth cleaned. To each their own.
@@priscilladavenport5791 why does it have to be one extreme or another? You can easily live with more luxuries without going into debt. Even if you take on debt, that doesn’t make you a slave. Plenty of reasons to take on debt with it being a good financial decision. Don’t so quick to judge.
Even the part about living in the middle of nowhere, in the desert, sitting in your house reading and knitting? I hope you have a little more fun than that.
There are other ways to retire early. I retired 19 years ago at 45. I had very little money but $400k in home equity. I sold my San Jose CA house and bought in Phoenix for cash. Not having a mortgage is such a huge change, expenses fell through the floor. My trick was having a rule that all hobbies had to be nearly free and have the potential of earning money should that be needed. So you can have security either with a big pile of money or a skill set that gives you security. I was a software engineer which I loved so I continued writing code for myself. Some projects were sold and I hired onto a couple interesting projects. To be what retirement means is not having to work...not just not working. I like doing things. I also like gardening and fixing up houses...just not all the time or with deadlines. So every 5 years or so I fixed up my house, sold, and moved to a new area. Call it slow traveling. I don't really like living out of a suitcase and visit tourist spots. My next move in 2022 will be to the Philippines. For the past 15 years my expenses have been $600 including everything. During the same period my home has appreciated $1500/mo and my cash balance has been below $75k the entire time, as low as $15k before selling a house. I can rent out my current home for $2000/mo and collect $2200/mo SS. Kind of feels liking crossing a finish line. Never knew if it was going to work out, but it did. Saving cash is one way. Investing in skills is another. IMO skills are more secure.
I’d like to see what early retirement looks like from people who don’t make their living in the early retirement community. Not a retirement police. Just curious what the “normal” experience is like.
Quite possible to do without inheriting money. I just wonder what the heck you do with your life as an early retiree if you’re not making TH-cam videos or otherwise monetizing your early retirement. This is why I’d like to know what normal people actually do when they stop working at 35.
I think that's why you see so many early retirement folks do TH-cam etc because they have time/are bored. But there are some stories about lots of alternative lifestyles on the bigger pockets money podcast. Also other people have mentioned they travel a lot in their airstream.
millenial-revolution is a blog that lives only off of their retirement money (even though they make more money) to show proof to the experience and that it works. Also a purple life is a blog where she retired off 500k and is just barely making anything additional.
If you you’re reading this - in case anyone hasn’t told you yet today - you have the potential to be great, successful, and happy! Keep on going! I believe in you 🙌🏻
I think they said they are Arizona natives, which is the most important part. The Arizona sun is particularly damaging to children's skin, then you start to really see the effects mid-thirties. Speaking from experience, unfortunately.
Can I just point out the $115/month discretionary between them... That has to include gifts, holidays, clothes, any possessions, electronics, gigs, events, activities, house repairs, emergency fund... The list goes on. A budget like that is either totally minimalist (and boring) or it's just plain unrealistic.
NO it doesnt include that. That includes fun, nonessential extra money. they spend 40k a year NOT 115 a month. They dont have rv, house, or utility payments. I followed them before they retired at their blog called ThinkSaveRetire.com for years,
I also retired early from a consulting job I loved to deal with aging parents, raising a grandchild, teaching math, helping immigrants learn English, pool, house, yard..... We diversified - art, coins, stocks, property, small businesses - and have a hefty income. The couple in the video can retire because 1) the rise of the market, 2) no kids and 3) ability to save and not spend. The $870,000 seemed almost ridiculously low so glad to see it's now $1.2 million, about what is needed for a "normal" retirement in AZ. People forget that in retirement you have taxes, health care, insurance, food, utilities (up front or monthly), vehicle and house maintenance and, if you wish, charity.
Depends on what makes you happy and the work that you do. I have a stress-free job that pays me well, and I still get to do all the things I want to do even though I have a full-time job. The risk of retiring early is you assume that your investment will help you ride through unexpected, rough patches as your time horizon is much wider (20 years for typical retirees vs 45 years if you are retiring in your 30s). More time means more opportunities for unexpected things to come up. It's hard to enter the job market in your 50s. That's why you see some retirees entering the job market later in life and struggle. Personally, I will want to retire in my 50s and take advantage of my high earning potential in my 30s and 40s.
@@jones2277 Management Consultant for small consulting firm. I can’t tell you how much I make. I can say I am comfortable. Besides, if I give you a number, you shouldn’t trust it.
I've also come to the conclusion that a late 40s early 50s retirement is optimal for me. I have a child and he will be in college and mostly independent by then. Another bonus is it builds up my social security sunce it would put me right around the 35 years work history used for calculating your Social Secueity check (I started working at 15 after school and always held a job since) I had someone tell me if you retire at 50 you you get a drastically lower social security check but I did the calculations of the difference between retiring at 50 and claiming at 65 vs retiring at 65 and claiming at 65. The check turned out to only be about $200 a month lower. Besides I don't intend to need social security no matter when I retire.
Except your 50s aren't guaranteed. A co-worker of mine worked his harder than anyone I know. Decades of loyalty, and countless late hours despite straight salary pay. At 55 he was killed in a head on collision with a semi on his way to work. 2 years from when he expected to retire and finally relax to spend time with his family. Definitely gave me pause and reflection.
@@watson457 That can happen in your 10s, 20s, 30s, etc. Personally, unless there is some evidence that suggests otherwise, I make the decision that’s best for me.
I really don't like these stories at all. If you're making 6 figures you're gonna find it easy to retire early. I want to hear the average 40k to 70k income couple being clever, and finding ways to retire early with limited means
heres the thing..you can "not like the story" which is silly. but what you're asking for isn't on video because it honestly probsably doesnt exist. sorry if that hurts. you see these videos because these people who are making this much can save more and retire early. if you're making a low 40k salary, well of course you are not going to get anywhere close to early retirement unless you are cutting down expenses significantly or something. otherwise its simply not realistic. "clever" can only go so far if you're not making much. also it depends entirely on where you live and what your annual spend is. theres way too much variation to show one answer
Lol! Yeh they look really old. Maybe they lied about their age. They made good money and I like the concept but it looks like a boring life living in the boondocks
I've always insisted the stock market is a better place to grow wealth than anywhere else. But stock picking is an effort in futility, particularly at an uncertain time such as this. I have lost more than $140k, but my portfolio is still significant, about $320k, but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market?
Quite frankly there are actually ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach.
I respect their decisions but I feel the sacrifice for this lifestyle is not really worth it if your making $260k a year. I mean I make half of that from my investment in the trade market in a span of six months. Not worth it at all.
@@CherrytopShantel I must note that I have had some losses since I started trading in November 2020 on my own, but they are nothing compared to the gains I have made trading with my fiduciary, Levi Clemans🙂. Much better than anyone I’ve worked with. I’ll leave you his mail Leviclemans@gmalcom
Can’t even lie, that man is a genius, Traded the non-farm payroll report (NFP) to capitalize on one of the biggest market moving events of the month and maxed out my profit.
It's not about the US. Generalizations like that are bigoted. Try insurance companies, who will pay big bucks to dentists for all sorts of procedures. Mexico and the like don't have those companies to pay them or they would charge big time too.
@@twdjt6245 Sad no. Happy that the choice is available to try else where. In America, you are allowed to make and charge as much as the market will bare. I've gone to Mexico before and Costa Rica is awesome too. The most popular ones in those countries often advertise that they trained in the US.
@@aliali-ce3yf it is common for these types to be totally disconnected from the real world. They will eventually face financial hardship and then complain that they can't find a job because they are older. They will eventually have to settle for a camper/RV while they work to survive.
1. no debt at early life. 2.no kids. 3. with 200k+ combined salary and good financial planning. but personally imo 900k is not enough especially considering the risk from stock market.
What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/32TYZ2K
I followed them at ThinkSaveRetire.com blog for years before they retired early. Why trade work hours and freedom for stuff and chain yourself down. At 57 Im retiring this year from a govt job and 5 paid off rental but WISH i had retired 5 years ago before a mild stroke and knee problems. So much for traveling the world now with health problems and now covid threat. I can still do somethings and slow travel I guess but I have regrets so bravo to them for getting out early!!!!
1 26
2 1,500 different stocks and cryptos
3 $1 million by 2025
4 wDoge Coin (bscscan) had a glitch today instead of being $0.0000001 it was interpreted as $0.31 - was a multimillionaire for a couple of hours, ha. Came down to earth after glitch fix.
Entertainment purposes only comment, not financial advice.
I just retired at age 37 as a public school teacher. Bought a farm in Iowa, moving from high cost SoCal.
Millennials??
I am a 42 year old female, no kids or spouse, living at the beach in NC, and have to live with a roommate - theres no other way I could pay for everything - 580 rent, 48 electric, 15 streaming, 30 storage, 11 sirius xm, 1 apple, 20 gifts, 24 car taxes, 46 oil changes, 171 car insurance, 200 fun, 200 food, 85 prescriptions, 45 bloodwork, 131 diabetes monitor, 23 gym, 64 cell, 35 internet, 48 dental insurance
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
As most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisor management
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
There are several independent advisors you could research. However, I have been working with ,Lisa Ann Moberly for almost four years, and we get along great. If she appeals to your judgement, you could continue with her. I support her.
Thanks for the tip. Finding details about your Advisor was easy, and I thoroughly researched her before scheduling a call. Her impressive résumé suggests significant expertise, showcasing her proficiency in the field.
i like how these guys stay true to what sacrifices they were willing to make (i.e., no kids, far from the city, away from modern amenities) in order to enjoy their current lifestyle. May not be for everyone, but kudos to this couple for sharing another glimpse of how people can achieve FIRE and have all that they need.
it's only 2 years in, let's see what happens in another 3 or 5 years. It could continue to be great or they would have eaten each other up with boredom by that time
you dont have to move 50 miles away from the city into the middle of nowhere for FIRE and AZ is a relative cheap state but I guess every bit helps
no kids is the biggest sacrifice I'd say. Major part of your life gone. You can always drive to the city or modern amenities. They should really talk about that in the video -for me the elephant in the room
I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to fire movement.
@Chris Bantal FIRE means Financial Independence Retire Early . It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle.
Y’all didn’t mention you have that absolutely huge, enormous financial benefit.
NO KIDS!
lol true
I haven't seen a single mom profiled on the Make It series
@@stopgettingtriggered all their money goes to their children. their also less likely to watch this series.
@@matthewmcneil216 it's because the people who ask to be on Make It are more wealthy than average, while single moms are typically poorer than average because they have lower incomes and more kids to feed
But they've a dog🤣
I
Getting rich over decades is ez. No one wants to be a rich 70yo. Being rich at 32?....thats a party!
@@mooreleigh8928 It was a big party i tell ya. I sold my house in 2004 after the value of my house doubled, I mean it was unprecedented that the value of my house doubled in 8 years. And the buyers of my house were given a loan of 105% of the purchase price, Then I read that people had taken out balloon mortgages. Then, I was offered a "no doc" loan to purchase a condo. I mean the red flags were HUGE. there were signs of impending crash and it happened in 2008. I bought dip, made so much gains. That was when the party started.
I'm_jealous. I need some guidance please. Lately I've been considering buying dividends stocks for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing.
@@kucheranraina9201 You've saved for yourself some good bucks. Get a profess!onal, my sincere advise!
@@basconevinnie647 That sounds g0od. But how do i get-a rel!@ble one considering the heavy presence of scams in our social media space today?
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.
@@amolejoshua7452 I agree. Based on personal experience working with a financial advisor, I currently have $800k in a well-diversified portfolìo that has experienced exponential growth from when I started. 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.
@@elegboozioma7267 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.
@@FolarinSodiq I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Victoria Carmen Santaella" I've worked with her for 4 years and highly recommend her. Check if she meets your criteria.
@@elegboozioma7267 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.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, 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 61. I used to work as a Financial Advisor/Stockbroker with Morgan Stanley. In our training, we were told to advise clients that they should anticipate living to 100 or well into their 90s. Therefore, they would need retirement funds which would last for approximately 40 more years after stopping working between age 60-65. To have retired mid-30s, that would add an additional 30 years. Therefore, retirement funds would need to last perhaps 70 years. This couple featured has no children so that is a savings. However, one of the things they did not talk about which is a real concern for most working people is healthcare costs. By retiring at such an early age, they have taken themselves out of eligibility for group plans through one's job. Group plans are a form of government subsidy since the premiums are paid in full or in part by the employer who gets a tax write-off for the amount contributed to the healthcare insurance premium. Many employers continue to receive a tax write-off by establishing Health Reimbursement Accounts (HRA) for their retirees which help with premium costs. The former employer, then, contributes either a lump sum of annual/monthly amount toward premiums and out-of-pocket expenses. Over time, this couple will have to pay higher and higher premiums as they age. Should they be hit with a catastrophic illness before age 65 when eligible for Medicare, they will have major healthcare costs which could wipeout their savings because of high premiums and no Medicare subsidy. To be eligible for Medicaid, they would have to spend down and not have a house, car, investment accounts, etc. Also, their dollars they have saved now will be worth considerably less over time even when adjusted for interest, dividends, and inflation. If something should happen to one or both of them which would end their ability to drive, they would need to move closer to a town or city, which would mean an increase in spending. Also, if they should wish to return to work later, in their 50s or 60s, they would find employers hesitant to hire them for any high-paying positions as they age. Therefore, I would not advise someone retiring so early unless they are independently wealthy (i.e., family wealthy or business) apart from their own investments and savings. If people wish to have more flexibility with their time, I advise working from home in some capacity, either for an employer or starting one's own business. Retiring before age 50 could prove very risky because of the many factors involved, chief among them being healthcare costs.
Morgan Stanley probably loves people sacrificing decades of freedom (especially their employees) just so they can qualify for government subsidized health insurance lol.
@@Blacktorch27 You missed the point. The point is that retiring early before age 40 with only 1-2 million is not sufficient to deal with the changes that may come as people age. Therefore, remaining in the workforce is not primarily for the benefit of gaining “subsidized” healthcare, as you say. The purpose in remaining in the workforce is to provide oneself with as many resources as possible for retirement so that, in the event of an illness, there will still be sufficient funds available in retirement to withstand the expenses associated with aging.
@@rozchristopherson648 I fully understood the point. 1.2 million dollars saved in your 30’s in the stock market and bonds averaging 7%+ assuming - like Morgan Stanley trained you - that your funds must last until 90-100, means that you’ll have 60 years off of compounding. The faster and earlier you retire with a huge chunk of money invested, the LESS money you need because of longer term compounding. Completely offsets the risk of serious illness in your later years.
I’d rather exercise multiple times a week, not smoke, and eat well to reduce the risk of a big medical bill, instead working an extra 3 decades.
@@Blacktorch27 No one said you had to work for someone else for an extra 3 decades. It is better to build a small business and to own several rental properties along with investing in stocks, etc. When one is relying totally on the stock market to get them through perhaps another 70 years of not working, that is extremely risky. Also, it is wishful thinking to believe that solely having a healthy lifestyle will prevent you from having any health problems along the way. The situation is analogous to fighting a war. One does not fight a war on one front alone but along several strategic locations. In retiring, there are many factors. Some of the are outside of a person’s control. I’m 61. I can tell that you are a young person. Experience is the best teacher. When one is young and life is going your way, it is harder to see how events in the future can effect your one’s life in terms of health and finances. A better approach is to secure as much as possible in as many different ways as possible while one is still an “abled-bodied” person capable of generating income.
@@rozchristopherson648 you said retiring early was risky because you probably won’t have enough money especially in the case of a costly medical event. Choosing to work until retirement age instead of an average early retirement would be an extra 3 decades.
You’re right, I’m relatively young in my late 20’s but I can assure you very few things in life have gone my way 😂 I’m aware of life’s risks and admittedly I am less risk averse than most people.
That, however, is exactly why long term stock market investing is superior. Investing in funds that track the major indeces is fool proof. When you have enough time, you can outlast the market downturns which by the way have a perfect track record of correcting themselves.
And it’s not wishful thinking to believe that 99% of the diseases people die from are preventable with basic health habits spread across a lifetime.
I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
Research dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.
A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.
I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?
She goes by ‘’Sharon Lee Peoples’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Surprisingly, they look older than their age.
Thats a bit rude..
@@algarcia32 it might be rude but its real observation and I have to agree with it
I have to agree as well, and this isn’t necessarily a bad thing. I have friends their age that look much younger. But that doesn’t mean people don’t look bad!
Progressive can't stop you from becoming your parents
Well, i think so too.
I guess not having kids really helps! Not to mention low cost of living area!!
In a way, they are stuck. Doing nothing in the middle of nowhere can get really old - especially for maybe 40 more years. Indeed, raising a child near the border can't be good for kids either. It sounds like they are just running their lives on a principle that isn't rooted in what life should be about. In other words, they earned their time, but it doesn't sound like they are doing much with it.
@8:17 They have 2 sons.
@@SurpriseMeJT Can't really say people who live in cities and suburbs do much else besides living in inside their houses. In that regard, there's no difference tween living in the middle of nowhere and being in a neighborhood.
@@IsaacC20 „Tucson“ not „two sons“! 🤪
@@marcol9062 definitely 2 sons 🥸
Financial books have been so helpful. >> I’m 54 and my wife 50 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..
I read a book that talked about having a financial adviser. Well, Credits to ROCHELLE DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience..
At 63 and still working a great job, I find their story very inspiring and give them kudos for their planning and foresight. Awesome!
Joined the Navy at 18 with 7k in the bank. I did janitorial and smoked a lot of pot in high school. Left the Navy after months with 40k in the bank. Invested 30k in the S&P stocks. Started working at UPS, Exide Battery and did concrete on Saturdays. Invested 1k a month every month into it with my Financial advisor James Fletcher Brennan, Cashed out 350k from the S&P Cashed out and Semi retired at 31. Took a year off. Traveled. Came home and started working part time just for the insurance, entertainment and pocket change and still investing in stocks with a 3 million net worth, Work isn't work when you don't have to work. Becoming wealthy can be done in few years. It feels like 60hr work weeks. Feel the pain of discipline early or feel the pain of regret later. I wish everyone well!
I did read about James Fletcher Brennan, quite an interesting man to look up on the web.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth
Truly It’s all about accumulating wealth through compound interest investments.
this is really inspiring! i I finally understand that as a salary earner i need to start saving for investment so i can retire early, there's so much i haven't done yet that i'd like to do. this is the nudge i needed
Stop capping.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
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.
How to retire early: Make over 250k combined and save a hefty portion of your already large income.
Honestly, they must've truly hated their jobs if they made that much and didn't go for another 2-3 years. Could've doubled their funds.
Notice how there is never kids?
yeah and don't get knocked up or knock anyone else up
@@SweatyBearsGaming where is the fun in that how boring
I made 100 grand each of the past 10 years was able to save 40 grand per year ...I'm now 54 retired with a pension ,300 grand in a 401k
This is one of the few budgets in this series where it actually seems like all annual expenses are included within the monthly breakdown, glad to see it. Loving all the commenters saying this couple has a boring life, lol, please tell me...what are all of you doing that is so exciting? Watching youtube videos and leaving judgmental comments? Going to work, spending time with family and friends, doing chores, taking a vacation once in a while? Perhaps you missed the parts of the video where they talked about how much they travel and how they literally spend their time doing exactly whatever they want?
LOL, I love this comment.
The people who are saying they have a boring life are likely city folk who dont know how to entertain themselves without a screen, alcohol, validation from others, showing off, or doing anything on their own.
Some say boring, I say peaceful
"What are all of you doing that is so exciting?" :-) :-)
Overall, 60% 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.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
@@WaldronsSousas The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash and, hence get burnt. Ideally, advisors are reps for investing jobs, and at the first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@NebiheVergara How can one find a verifiable financial planner? I would not mind looking up the professional who 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.
@@TimothysScotts MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
@@NebiheVergara Thank you for this tip. it was easy to find your coach. She seems proficient considering her résumé.
I am fascinated by this. I don’t think I’d want to live such a spartan lifestyle in retirement, but I admire them for doing so and for the freedom they are enjoying at such a young age. Well done
Good for them, but what they’re doing is nothing admirable.
How is this spartan? They're isolated, but have every other convenience of a first world country
Good said. Alot of hate in the comments. Everyone can do what they want. Not working is great if you have people to share it with.
@@sugreev2001 why not
Yeah, well done Steve and Courtney.
what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
@Brilliantrans wow ,that’s stirring! Do you mind connecting me to your advisor please. ? I desperately need one to diversified my portfolio.
@Brilliantrans Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
They are in their 30's living life as if they were in their 70's
And looking like they’re in their 50s. They are DEFINITELY not in their 30s. NO WAY!!!!🙅🏻♀️
I was thinking the same thing: they feel old and boring. Definitely look like they’re in their 50s.
yeah this doesnt look good toi me
Yeah I smell cap how tf do you look so old at 30
An when they’re in there 70s they will still have more retirement and more money to spend then the average person working everyday up until that same point
Key points: NO kids, Frugal lifestyle, cheap home, low taxes and healthcare from Mexico. (Every day 6000 Americans cross the southern border for healthcare).
Not only do they have no children but they were both high earners. They lived on 30% of their income which was 70k/year...
Good for them though. I liked this episode.
How did you know they didn't have kids?
@Glenda Stevens or perhaps they preferred to keep it private you can't assume that just because they did not mention it.
Regardless of whether they had children -- remember that childbearing is not some accident. Parenthood comes with sacrifices, and real costs. Some people can decide not to have kids, and budget/freedom is just one consideration. Childfree FTW ;)
@@stevee2639 they literally told us about all their personal finances, introduced us to Penny (dog), traveled the continental US which would be extremely difficult with school age children, but never even hinted at children. It’s a fair assumption
@Glenda Stevens I completely agree with you. Not sure why the comment made Esteban so uptight.
It’s not how much you make, it’s how much you keep. Lots of people with household incomes of $200k+ are broke. Spend more than they make. Tons of debt. Nothing saved or invested. Then you have people with a household income of $75k a year with a seven figure net worth, no debt, fully funded emergency fund of 3-6 months of expenses, spend less than they make.
I would agree 100%. And this is almost everyone, no matter their income. They just keep spending more and more and more. Finally, they get old enough that they are tired of supporting their extreme spending, and "downsize" and retire. Then they look in the mirror and see a 70 year old staring back. For some, it may dawn on them that they just sacrificed the best 40 years of their life for the 15 worst.
I'm 32 and my husband 40 we are both retired with over $1 million in net worth and no debt! mortgage cleared Currently living smart and frugal with our money Saving and investing lifestyle made it possible for us this early. Thanks to FIRE movement
@@auramoore5484 Great job with your husband! I bet you are living your best life Right now
@@auramoore5484 I'm a young mom. I'm really glad to hear your story really inspires me What's FIRE Movement
@@lilianrutherford9153 FIRE means Financial Independence Retire Early, It's been a movement teaching people financial independent and how to retire debt free
I’m a dividend investor My wife and I have invested in the s&p500, both through my TSP with the government, and through Fidelity in her 401-k.Cashed out 370k from the S&P and invested with a FA . Until around 3 years ago we were 100% in the s&p after over 20 years.I'm retiring at the end of this month at 56, while my wife will retire next year at 54. We currently have 2.7 million in out tax deferred savings and still with investments in individual companies...
you made that much from s&p500!! do you by any chance do referrals on your FA ?. i could really use one
@@henrygardner6448 i sure did. it took quite an effort trust me. I can't actually leave details on here, you could do that yourself her name is Nancy Jane Gluck, she's quite known ,you best look her up, you would see all you need to know..you could leave her a message on her webpage..
This is my husband and I. We have met the 3 mil mark just this year and my husband is retiring in January. I retired two years ago after being in healthcare for 30 years. We have zero debt and good health at 59 and 54 respectively. I wish we had your investment savvy going into the next couple of years, but I think we’ll be ok because we’ve never drawn our happiness from money. Would you buy crypto at 20k?
@@5thdimension625 that's absolutely great. most times before i buy any digital asset i always go through it with my advisor to weigh my options but i think crypto is a good buy.
This video really demonstrates the huge benefit of not having any kids LOL. Good for them!
hahahaha. That is the first think I thought of watching this.
LMAO
I got 3 of them, babys cost about the same as a pack of cigarettes per day. Basic cost for school age is not much more. Goodwill has nice clothes for pennies...(my daughter just got near new Lululemon shorts for $4.99). Kids are not that expensive.
Great until you're old and can't fend for yourself
@@tinybubbles3724 And how do you plan on providing for their college? Planning on kicking them to the curb at 18?
Retirement has aged them. Not only their looks but their mannerisms and hobbies. I aspire to retire early but not like this.
They look and act like ppl in their 50s
@@FranciscoGonzalez-gq6or yep!!
As someone over 60, I would say their 70s. There is a whole world out there and you only live once. We want to explore it all before we shuffle off.
@@JBoy340a lol - not many 70 year olds own a UTV or a tractor. People like you want an exciting life and probably will never see it. These people are living it.
I punder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 9 years closer to my retirement schedule.
You can start by investing in the forex market, it's one of the most liquidated market in the world with no limit to profits and in less than two months you should start saving in a bigger volume.
forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.
I used to see forex trading as a side thing but it has proven to been a major source of passive income ever since i came across Mr Carlton Jefferson , his experience of forex market is unrivaled.
Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Carlton Jefferson , i never knew good trader still existed till I come in touch with him
I get to earn a biweekly trading income of £19,000 pioneered by Mr Carlton , ensuring sustainable profitability in my investments. I’d say things are working out perfect
Reading most of the comments on this video makes me realize EXACTLY why they moved out into the middle of nowhere. I wouldn't want to be around people like you guys either. :P Judgmental much? These people do not NEED to work. They CAN if they chose to. Most of you NEED to work to survive because you didn't make the sacrifices and choices in order to buy your freedom. And, that is your choice to make, but it doesn't make their choice wrong.
LOL welcome to TH-cam hey it's freedom of speech
@TheNorthernAviator No one needs to work? That’s news to me.
I agree, there's too much judgement. If their lifestyle doesn't work for you, choose differently and move on. It's as simple as that.
With all due respect you’re old guy that’s why you’re angry loooool everybody is just shocked at how these “30” year olds don’t look 30 and why they are choosing to live like grandparents but it’s seems the comments on this video has you riled up 😭🤣😭🤣🤣😭🤣😭😭 don’t take it to heart most 30 year old replying to this are simple trying to figure out what’s going on while you’re taking that as an insult loool nobody is insulting no one just wondering why they are living like a 70 year old couple
The irony?
They haven't reached 40 and they're acting like 65 year olds. They also look like 65 year olds. Bless their hearts.
They really do look old af
Envy much?
Rude.
Don’t need to be horrible just because you’re jealous 😆
LOL, thought the same thing. Early retirement but they go straight to grandma and grandpa sitting in chairs knitting and reading.
I had a Corvette, a Cadillac, a sportbike. It was great. Now I have a wife.
Truer words were never spoken……😕
😂😂😂😂 this funny 😆
SO glad they didn't listen to family telling them to sell during the crash. Don't sell when you're down. You're only actually losing money if you sell. Well done!
True. It only matters when you sell.
Don't have kids. That's the ultimate retirement plan.
Unless you make your kids your retirement plan 😎
@@adeshkantha7034 Don't make kids you can't afford.
Hhhmmm so once they leave this earth I’m assuming their money will follow them to six feet under 🤔🤔🤔
@@BlowitAllUp i was making a joke on how some parents have kids expecting them to take care of them when they are older
Sad
If you are a minimalist it’s a great choice. If you like to treat yourself, this is insanity.
I was thinking the same, they seem crazy to me
@@jesandybolano774 they don't even seem that minimalist, they basically have that European mentality to me
Minimalist in bills, maybe. But not in their house.
@@perrypereyra6671 they’re minimalist in that they have no kids so minimal mouths to feed
I’m 49 my husband 54, we are both retired with over $4 million in net worth. Currently I’m living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early.
Wow, congrats!
Great job with your husband, i bet you’re living your best life right now
I’m a young mom I’m really glad to hear your story it inspires me, what did you both invest in?
We made investments in the crypto market with the help of a professional
Your story is inspiring, I’m 40 and i wanna achieve this goal you achieved . Share some tips if you don’t mind
I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money. It's always better to work smart and not hard
Just want to point out that this couple has the TH-cam channel ‘A Dreamin’ Life’ where they chronicle their travels across the country in their Airstream RV (among other things). I promise they DO NOT live a boring life. They travel for much of the year and see amazing things.
I’m also in my mid-30’s and traveled with my husband in an Airstream across the country for a year and a half. It was absolutely epic. Totally beats any dream job EVER, period! #liveliferiveted
Jacob Rodriguez Jesus 😂
wow how did you do this financially
Seems that they live a very mundane lifestyle for their ages but if they’re happy that’s all that matters.
Life, Liberty and the Pursuit of Happiness
They can afford to retire because they have no kids
@TheNorthernAviator They are thrifty, because they have a long way to make their money last being so young. When they are 70, like when you will retire, they will let loose of a lot of their savings.
@@belmont3451 Partially. They lived below their means. Plenty of self-made millionaires have kids.
They live in bf Idaho
Also one more thing..
Americans, if you gonna do this, living in middle of nowhere, no gas, just to be bored as hell..
Why don’t you Come to Europe, there are many places cheaper than USA and awesome places.. Spain, Portugal..Latin America too..
if you retire with 36, at least do it right..
But then you have to live in Europe… hard pass. Life is 10x more fun in the US.
I was retired at 46 in 2002. I kept investment in stocks also had income from a rental property. Now I follow the 4% rule plus social security money and rental income with zero debts.
Good for them, but I would never want to trade my job and current lifestyle for theirs. That looks like a life I would live if I got forced out of my job and became unemployable because I committed some kind of unspeakable crime.
Lol, what you don't want to bathe yourself in stagnant rain water?
@ Billyj Clinton 🤣🤣🤣🤣🤣I know right!! It does look depressing! Omg not an unspeakable crime😆🤣🤣I hollered. With all that time on their hands they should both be ripped, but they look OLD AF!!!👀
Gotta say I agree. We have a lot saved, live in a nice house/great area, but one far beneath our means. I can relate to these people more than I can the keeping up with the Joneses crowd though. The $ amount they are living off of would worry me, I would want to have to live a life of deprivation.
This will be my husband and me in about 10 years. We are in our late 20s and early 30s already at 760k.
Big deal. I was a trillionaire when I was in 4th grade
@@vildachaya6462 lol don’t hate. It’s very doable.
@@andresa6049 I bought my first home when I was in the womb
Great job
Good .All the best
Husband and I have a million and only spend about 40k a year but not retiring yet because of inflation and chances that retirement will fail since we are so young (currently 30 and 35). Wish we could be as brave as this couple. But with everything going up in prices astronomically, it feels too scary to early retire with just a million.
Same here. There’s so much uncertainty right now to be jumping into FIRE with both feet. What they don’t mention is that reversing that decision will take some effort. The longer you’re out of the workforce, the harder it is to return. Even if you do return, what employer isn’t going to think that you’ll do it again at any given time?
My preference would be to build enough passive income streams to generate enough cashflow to cover expenses instead of relying on some 4-7% return rate that surely isn’t a given.
Also a million dollars isn’t what it used to be and being only in the 30’s….there’s a lot that could happen in future years.
I have similar fear, too, worrying about not keeping up with inflation. I heard about colleagues who were retired in the 90’s thinking the 70%/80% pension was enough (without much saved in 401k). Now they are in their late 70s/early 80s and pinch pennies. Some had since moved to cheap states to stretch the pension money. I can live with $30k a year after tax right now (zero debt) but 20 years from now I may need $60k after tax for basic life style.
No, wait until the pandemic economical mess ends, and then retire...
How much do you all think would be enough?
@@bunnie1294 obviously depends on your family size, age, lifestyle, cost of living, etc but for me $5-7M to Fat FIRE.
So that's what proper planning looks like!
Very inspirational. Focused, driven and dedicated is truly the way to go.
Not really planning considering they haven't planned for when they are older and have medical expenses.
Way to go, guys! Big props to you for working hard, deciding what was important to YOU and setting goals, and making the sacrifices necessary to achieve your goals! And for sharing that information with others so like-minded can learn from you!
Awesome, and thank you!!
It’s hella cool they retired early but dang their life seems hella boring living out there in the middle of no where
☸
When you get older, trust me, you'll go from wanting to party all day and weekend to wanting privacy, peace and quiet and away from everyone.
@@DeVstatrOmga But they aren't older.
Stay away from BS respectfully.
@@DeVstatrOmga I'm 32 and what you described sounds fantastic.
This is why it's critical to think long-term, dollar cost average in, and don't panic sell!
Well they did also say they only sold in an up market. Which is also timing the market.
You never know if you’re selling at the peak or jumping off too early.
If a meteor is for sure going to blow up the world I'd panic, but a stock crash I'll be aight
@@skylinec83 exactly, dollar cost averaging works in both ways. But I am couch QB at this point and they are actually doing it.
I like this video. What I take away from watching this couple is how they continually discuss their finances and future. My partner and I do the same. We're always evaluating our personal finances, researching retirement options. We've been open with each other since the first day we met and I believe that's why it works so well with this couple.
maraina- You make some good points here. I agree its good how they discuss their dreams together. Ann Landers took a survey back in the day; discovered the couples without children were the happiest.
Probably the only honest food breakdown I've seen on CNBC Make It. ($750 groceries and $250 dining out). Everyone else is like "I live in NYC and spend $350/mo on food". 🤔 Something's not right here.
True investors didn’t panic sell. Well done!!! ♥️
Diamond hands
If they sold when our congressmen and women did and then bought the dip they would've had 300% returns.
Surprised they chose to stay in The USA, instead of retiring in a much cheaper country. Mexico is right next door, and their 40k per year would go so much farther.
But they are happy with $40k a year. Why do they need to move to a cheaper country?
They would live really well off on 40k a year.
@@staceyalbert2658 cuz u live way better with 40k a year in mexico.. royal treatment out there.
Yes, and get kidnapped or murdered by a cartel.
@@RafaelsFlix what cities in Mexico are the best for that price range? Cancun? Mexico City? Playa del Carmen?
I watched this video and thought, wowww, I can do the same, until I remembered that we have 3 little kids and got back to work.
Your time is the most valuable commodity on this earth. I've seen so many people trade in the best years of their life for a paycheck. That's why I quit the rat race and till this day, it was the best decision I ever made! I now own my time.
You are right. I have a friend who kept working until he was 76 and died of heart attack last yr.
Good for them. While i find this interesting and admire them for reaching their goal, let's keep a few things in mind: 1) they have no children 2) the 4% rule no longer works. nowadays 2.5-3% is what's considered a good withdrawal rate 3) last but not least they gave up ALOT (from my perspective) to be able live this lifestyle. The fact that I'm like 20 mins from civilization is an absolute no no.
Weird... I heard the 4% rule is now 4-5% not the other way around.
Yeah 2.5%-3% is very conservative, which there is nothing wrong about that, but the original creator of the 4% rule has edited his findings and determined 5% to be realistic.
Other way around, the trinity study went from 4% to 5.5% as their safe withdrawal
The 4% rule no longer works? Who told you that? William Bengen, the creator of the 4% rule himself, came out a few years ago and stated the rule should actually be the 4.5% rule so I'm a little curious whenever people claim that it doesn't work how they came to such a definite conclusion.
It works for them. They have to make sacrifices to make it work but they value freedom and flexibility to do whatever they want over being close to civilization, dining out, etc. Unless you are super rich, we all have to make trade offs decisions.
SUCCESSFUL PEOPLE DON'T BECOME THAT WAY OVERNIGHT. WHAT MOST. PEOPLE SEE AT A GLANCE_ WEALTH A GREAT CAREER, PURPOSE IS THE RESULTS OF HARD WORK AND HUSTLE OVER TIME. I PRAY THAT ANYONE WHO READS THIS Will BE SUCCESSFUL IN LIFE.
Yeah! I agree with you
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
That's very correct !! And that is why most of them end up losing they m o n e y to s c a m m e r s.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Learn and get the knowledge first before investing..
Good for them! Right now they still live on a budget every year due to their capital growth being at its first stage, but later on in life their budget might grow much bigger, allowing them to spend more. Very financially responsible people. I wish them all the best! This comment section is kind of savage and judgemental, but i guess it can't be helped, it's not everyone's cup of tea!
I don't get why you would fully retire before you are 40. At this age you can at least work part time to not drain your retirement funds.
Why anyone would want to work until traditional retirement age makes even less sense. You would retire at the age when you are physically limited in doing things you enjoy while giving up your best years to a job.
A lot of these "retired" people do have some thing that brings in side income. This guy runs a pretty popular blog.
If you are fortunate enough to have enough money invested and just use 4% you can live off this forever. I think this is way better position than working
If you didn’t catch it, they shared their net worth is increasing. They have time and money to live the life they want, not the life they are expected to live.
they have passive income. They worked extremely hard and are still budgeting in their retirement. I'm sure they preplanned everything.
Everyone have a choice. They were able to fully retire before 40 because they made a choice to be frugal and save a ton of money.
This is awesome! I used to have a spending problem too and got myself into trouble. Now they get to enjoy what they love to do by achieving financial independence.
I'm 51 happily retired living in Thailand
Today’s generation don’t dream about labor they dream of financial freedom
How sure who dreamt about labor?
Just go to any big fancy company and you will see a bunch of workaholics
We woke up quicker and realized that modern America is slavery with a few extra luxuries.
@@jroig824 workaholics allow you to type up these TH-cam comments on your iPhone tho 🤷🏻♂️
If you’ve paid off mortgage, you don’t have to live in such a remote location to retire. For us, driving 5 min to get grocery feels too far (we used to be able to get grocery within 5-min walking).
Thats about $870,000 more than what i have right now😂😂😂
Stop playing! The people who watch finance videos on TH-cam know exactly who you are 😂😂😂. You the man
@@andresa6049 thanks😂
@@andresa6049 right!? Haha
Oh, it’s you lol
They have 1.2 so you have almost 400k not bad :)
Also good thing you guys never sold when down, that’s literally the worst financial advice possible from friends and family. Even if you’re timing the market, why would you sell when down?
well if you can afford it keep it. but if you can no longer make payments on debts and are on brink of bankrupt, you are left with no choice, you sell to pay off debts or the lenders will repo you.
You sell because a 30% loss is better than a 50 or 100% loss. You want to stop the bleeding at that point.
@@asadb1990 which is why you should have no debts. Never buy a car you can't buy cash. only valid exception is a mortgage.
@@dominick6131 i agree and follow these rules religiously. and even with a mortgage i just got, i know i can cover it comfortably on unemployment.
@@skylinec83 Time in the market > Timing the market. Never sell when market in the downturn unless you need the money right away. Market always recovered.
Graham is gonna have a field day on this one
Why would he disagree with this
To each their own, but what’s so great about having freedom if you live such a minimalistic life? No restaurants, no fun, live in a bad looking house, no kids, no extra spending... so you just live life to do whatever u want, but you’re financially strapped and u really can’t do much except free activities? Someone explain to me please.
They go to resteraunts. Not surw where you got that they're not having fun. Bad looking house? Umm ok your opinion. No fun? Not sure where you getting that they don't have fun from. There's a whole host of assumptions in your post without much to base it on.
I would much rather invest smartly, retire early, live on passive income and live a great life in early retirement. That’s the dream
@@ariefraiser140 you seem to know them so well. They said they try not to go eat at restaurants, their house does look bad I’m just speaking the truth, they don’t have kids which is another fact, and they said they keep their spending to a minimal so I highly doubt they splurge on anything. 🤷🏻♀️ sounds like a really boring life to me, retired so early just to live on crumbs.
@@TeenaNikole Well I have read a few of their blogs. I never claimed to "know them so well" just well enough to know the assumptions you placed on them isn't accurate.
@@ariefraiser140 I didn’t assume anything I went by what they said in the video.........
Without kids ,one can die Rich
No need to live cheap
No need to live next to Mexico either. I guess they get all their human interaction and culture from the internet. They download their lives.
Lol for real
@@SurpriseMeJT All you do is critique the fact that they live so close to the border, had they lived in the middle of Kansas I’d be willing to bet you’d praise these people for their savings abilities.
@@SurpriseMeJT They traveled all over the US in their mobile home for 1-2 years. That's more traveling than a majority of American citizens will do in their lifetime.
@@DeanBKK yea average American only sees 6-10 states in a lifetime which is sad
Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!
I'm 48 years old with no retirement plan yet, any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $ 225k.
@@adolfinaalaric6890 Such gains is achievable, you just need to commit to it and do the research.
@Jeff Clifford that actually seems very practical and straightforward, have you used the services of such consultant before?
@Jeff Clifford Remove Impressive gains, does this consultant of yours work with just anybody? Mind sharing some Info?
oh wow😮. This is incredible. I listen to her podcasts sometimes and I have learned lots of strategies thereso, never knew she offered these services. does she still take new clients?
Great on them for achieving their goal. Personally living frugally to save up and then live frugally in retirement is not for me.
People is meant to live frugal lifestyle
If by frugality you mean a house, car, internet, healthcare, food, clothes. Jeez you should have been born before 18th century and you would know what frugality is
@@jroig824 I agree with you. I rather be cheap and frugal than be broke and in debt.
Get 'OurRichJourney' on this show! They did it with two kids while looking fabulous and enjoying life in Portugal
Yes, they need to be featured, such a cool family 🤗
Exactly get them on
By them having kids, they show it is possible
+1, OurRichJourney would be an amazing story!
I thought this channel only stuck with stories in America
This is so cool! I love this new series. Definitely want to see more people who have achieved FIRE and how their current lifestyle is
I would be moving to the a 3rd world country and live like a king with that savings 😂🤣
Can't live like a king on 870k, but can live ok in places like the Phillipines if it's Kept it in a moderate risk mutual fund and withdraw 5% a year = about 50k - 30% for taxes leaves about 35k or 3k per month. Some years are down, so need to be frugal. They should've obtained a pension as well.
@@kennethboehnen271 you would be paying a lot less than 30% because most of your income would be long term capital gains.
@@kennethboehnen271 been to the Philippines many times and on that $870k you definitely can live like a king or queen and as long as you budget you can spread it out many years. However, I would choose Mexico if you just check some website it's actually cheaper than the Philippines case in point buying a Toyota Corolla way cheaper in Mexico. Plus closer and many more American stores in Mexico.
@@kennethboehnen271 Thats why You should be a DGI investor
Africa will rob you dry fruit
Invest and live below your means. I wish more people understood this concept.
When you have a high income and are married to someone with an equally high income, that's very easy. Getting one half of that equation is hard enough. Married couples rarely understand how much easier they have it.
He's younger than me and I'm not even secure with my job situation, let alone ready to retire! 😂
They are definitely the exception rather than the rule. You need to earn a high income and invest almost all of it in high return investments (more luck than anything). Then you need to be super frugal for the rest of your life. Not sure how feasible this is with kids. $50/month budget for dining out? No thanks, I’d rather work at a less stressful, lower paying job to get a paycheck. No mention of what they do bout health insurance. That’s not cheap and gets more expensive as you age. Besides, I would need something to do besides “hang out” with my wife all day, every day.
Well she worked at Nasa as an engineer, so yeah they are the exception. But ofcourse it IS possible
@@gregs8685 They said ~$500/mon for health ins
@@gregs8685 Where do they say they had two kids? 'Tuscan' not 'two sons'
False perceptions people have that you have to have everything figured out by a certain age. Some people don’t figure out what they really want to do with their life until much later. Worst thing you can do that can hinder your own progress is start comparing yourself to others who are on a different journey then your own.
I am surprised by the amount of personal attacks on this couple. Everyone has a different view on what their retirement will look like. They seem happy, so that is all that matters. Could it be that people are envious and that is why they are hating? Best wishes to everyone!
I'm 69 and my husband is 71. Neither of us understands the mentality of wanting to retire. We believe the key is to work smart, not just quit altogether. Our combined income is north of $270,000 and that's just too much income to give up, for us anyway. The other consideration is what would we do if we retired? Sitting around knitting and walking the dogs is ok over a weekend but we need way more excitement than what that offers. I work from home and name my own hours. My husband goes into the office 4 days a week. We both have more vacation time than we'll ever use but still manage to get both Hawaiian and European trips in at least once a year. So it's not just work, work, work for us. And the income makes it possible to do these trips on a whim if we choose. Retiring and just sitting around will never appeal to us. But maybe the bottom line is, find a career you love and it won't seem like work.
Exactly!!!! Agree with you
What’s your career?
Who said being retired means sitting, walking, and knitting? If that's what you with your free time then yes, anyone would be bored.
Some people find their purpose in work. They live to work and that is fine.
On the other-hand others love their freedom and do exciting things. They work to live not the other way around.
@@tinyswag I work in the medical field.
@@cloudyns I was referring to their video of walking the dog and her sitting and knitting.
Retirement have made them look like grandma and grandpa for sure! They look way older than they are.
For real. I thought in 40s.
@@MegaFinalRound they look good for 40's?
@@roorlek Id disagree they look like they are in late 40s but they are in there late 30s
Looking for this comment lol. I said no way they are MILLENNIAL money 😂🤣
The Arizona sunshine is why they look older.
Proud of them but is nearly 900k enough for 40 to 50 years??
No probably not . They will most likely run out in about 20 years and go back to work imo
Nope life is about working
It doesn't matter how many years left, the idea being your investments/net worth stays around the same level if you only withdraw 4% as the value will go up say 7% but you lose say 3% to inflation. It's more about how much you have at the time of retirement and if you can live off 4% of that going forward.
Highly doubt it. Inflation is kind of crazy right now. And they hold 60-80k in cash.
The downside of being retired is that it’s hard to be able to hold onto a lot of speculative assets like cryptos.
Inflation is why this won’t long term 2500 per month won’t work in say 20 years. Not to mention are they never gonna take a trip extra and their budget is already tight. If they would have worked 5 more years they could had 1.5 million and that’s would have been more realistic
I would say that best that happened to you was to find each other. I have a hard time finding a husband. What is the purpose of retiring if you are going to be all alone. Yeah people say oh go travel alone do things on your own but it is just not on me. I do not enjoy them. When you have a significant other by your side you can conquer the world.
@marakima that's is abomination. God created men and women for a reason.
Try online dating, getting out there and try to talk to some men. Not in bars, go to stores, library, church.
It's whatever works for you. One thing I partially disagree with is if he figured he (and his wife) couldn't handle his current career (writing code day and night) there's always looking for another career that fits your passion. Retiring so early just based on you hate your jobs can be risky.
Courtney actually liked her job. Got a Masters. She enjoyed her teammates. But retirement sounded better..😃
FIRE is life, temporary material things is a temporary joy but having no schedule and living a normal life is true luxury
I get the spirit of your comment but I’d hardly call their choice of lifestyle a luxurious one. Honestly is seems dull and boring. Living in the middle of nowhere, solar power only with maybe a battery pack that you have to ration energy use, watching your budget constantly…. If it works for them great, but I’d rather work.
Now if you’re gonna talk FAT FIRE, I’m on board there.
But what is the point of having no schedule if you don't have any fun things to play with?
@@toniwonkanobi True but what is the point of having nice things if you don't have the energy or time to enjoy them. Also I believe you should not consider the FIRE movement unless you have the planning & budget to continue a normal life in retirement. I retired at 43 and I could never go back to working again, I can live without eating at restaurants if I can wake up & go to bed any time I want. For me that is priceless.
@@mibox8302 Makes sense. My job is relatively easy and relatively high income. So it's not worth giving up nice things to just sit around and do nothing. (I get up and go to bed when I want anyways.) Props to folks like you for living your dream, though!
I love it, however this seems more like an adventure then a retirement and I commend them for that why wait until your in your 60's or 70's before doing what you want, you never know what's down the road and I think there is nothing worse than the I should have, could have , would have but never did. Plus their young enough to change their minds and go back to work full or part time and move somewhere else closer and more populated if they so choose or raise a family. What they are doing takes a lot of discipline and some risk but nothing is worse than regret. 👏👏
What you said is spot on. Couldn't have worded it better
Gaps in resume, especially as computer engineers they are done
Good for them and good luck with the early retirement.
That being said, this video made me realize that I don’t want to live like them. To each their own but Minimal lifestyle isn’t for me. I like ordering out and not living in the middle of nowhere, having electricity when the sun isn’t out, having a separate bedroom from office, or having to cross the border to get my teeth cleaned.
To each their own.
Agreed.
Same.
right right....one can choose to be a debt slave and trade their life and free time for dollars and stuff
@@priscilladavenport5791 why does it have to be one extreme or another?
You can easily live with more luxuries without going into debt. Even if you take on debt, that doesn’t make you a slave. Plenty of reasons to take on debt with it being a good financial decision.
Don’t so quick to judge.
Well, I assure you, they do have electricity on the exceedingly rare days when the sun isn't out -- we call them "batteries".
I appreciate this video
This is exactly what I need as motivation
When you invest you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
@One Big Happy Life It's not ignorance but due to some unprofessional expert in the market
I'm from Spain I have been an Investor in the crypto market for over 2 years now
They are living the life I want.
Even the part about living in the middle of nowhere, in the desert, sitting in your house reading and knitting? I hope you have a little more fun than that.
@@jennnyandjeffs they travel
There are other ways to retire early. I retired 19 years ago at 45. I had very little money but $400k in home equity. I sold my San Jose CA house and bought in Phoenix for cash. Not having a mortgage is such a huge change, expenses fell through the floor. My trick was having a rule that all hobbies had to be nearly free and have the potential of earning money should that be needed. So you can have security either with a big pile of money or a skill set that gives you security. I was a software engineer which I loved so I continued writing code for myself. Some projects were sold and I hired onto a couple interesting projects. To be what retirement means is not having to work...not just not working. I like doing things. I also like gardening and fixing up houses...just not all the time or with deadlines. So every 5 years or so I fixed up my house, sold, and moved to a new area. Call it slow traveling. I don't really like living out of a suitcase and visit tourist spots. My next move in 2022 will be to the Philippines. For the past 15 years my expenses have been $600 including everything. During the same period my home has appreciated $1500/mo and my cash balance has been below $75k the entire time, as low as $15k before selling a house. I can rent out my current home for $2000/mo and collect $2200/mo SS. Kind of feels liking crossing a finish line. Never knew if it was going to work out, but it did.
Saving cash is one way. Investing in skills is another. IMO skills are more secure.
I’d like to see what early retirement looks like from people who don’t make their living in the early retirement community. Not a retirement police. Just curious what the “normal” experience is like.
It looks like inheriting some serious money
Quite possible to do without inheriting money. I just wonder what the heck you do with your life as an early retiree if you’re not making TH-cam videos or otherwise monetizing your early retirement. This is why I’d like to know what normal people actually do when they stop working at 35.
I think that's why you see so many early retirement folks do TH-cam etc because they have time/are bored. But there are some stories about lots of alternative lifestyles on the bigger pockets money podcast. Also other people have mentioned they travel a lot in their airstream.
millenial-revolution is a blog that lives only off of their retirement money (even though they make more money) to show proof to the experience and that it works. Also a purple life is a blog where she retired off 500k and is just barely making anything additional.
If you you’re reading this - in case anyone hasn’t told you yet today - you have the potential to be great, successful, and happy! Keep on going! I believe in you 🙌🏻
Thanks.
Retired in their 30s look like they’re in their 40s.
Lol
That arizona sun is rough on white people. Seem like a great couple but yeah i would have guessed early 40s
Sun damage
I think they said they are Arizona natives, which is the most important part. The Arizona sun is particularly damaging to children's skin, then you start to really see the effects mid-thirties. Speaking from experience, unfortunately.
I didn't want to say it. They look way older.
Can I just point out the $115/month discretionary between them... That has to include gifts, holidays, clothes, any possessions, electronics, gigs, events, activities, house repairs, emergency fund... The list goes on. A budget like that is either totally minimalist (and boring) or it's just plain unrealistic.
NO it doesnt include that. That includes fun, nonessential extra money. they spend 40k a year NOT 115 a month. They dont have rv, house, or utility payments. I followed them before they retired at their blog called ThinkSaveRetire.com for years,
@@priscilladavenport5791 OK GOTCHA. Obviously you are a FIRE enthusiast.
I also retired early from a consulting job I loved to deal with aging parents, raising a grandchild, teaching math, helping immigrants learn English, pool, house, yard..... We diversified - art, coins, stocks, property, small businesses - and have a hefty income. The couple in the video can retire because 1) the rise of the market, 2) no kids and 3) ability to save and not spend.
The $870,000 seemed almost ridiculously low so glad to see it's now $1.2 million, about what is needed for a "normal" retirement in AZ. People forget that in retirement you have taxes, health care, insurance, food, utilities (up front or monthly), vehicle and house maintenance and, if you wish, charity.
Depends on what makes you happy and the work that you do. I have a stress-free job that pays me well, and I still get to do all the things I want to do even though I have a full-time job. The risk of retiring early is you assume that your investment will help you ride through unexpected, rough patches as your time horizon is much wider (20 years for typical retirees vs 45 years if you are retiring in your 30s). More time means more opportunities for unexpected things to come up. It's hard to enter the job market in your 50s. That's why you see some retirees entering the job market later in life and struggle. Personally, I will want to retire in my 50s and take advantage of my high earning potential in my 30s and 40s.
what do you do and how much do you make, if you don't mind answering.
@@jones2277 Management Consultant for small consulting firm. I can’t tell you how much I make. I can say I am comfortable. Besides, if I give you a number, you shouldn’t trust it.
I've also come to the conclusion that a late 40s early 50s retirement is optimal for me. I have a child and he will be in college and mostly independent by then.
Another bonus is it builds up my social security sunce it would put me right around the 35 years work history used for calculating your Social Secueity check (I started working at 15 after school and always held a job since)
I had someone tell me if you retire at 50 you you get a drastically lower social security check but I did the calculations of the difference between retiring at 50 and claiming at 65 vs retiring at 65 and claiming at 65. The check turned out to only be about $200 a month lower. Besides I don't intend to need social security no matter when I retire.
Except your 50s aren't guaranteed.
A co-worker of mine worked his harder than anyone I know. Decades of loyalty, and countless late hours despite straight salary pay.
At 55 he was killed in a head on collision with a semi on his way to work. 2 years from when he expected to retire and finally relax to spend time with his family.
Definitely gave me pause and reflection.
@@watson457 That can happen in your 10s, 20s, 30s, etc. Personally, unless there is some evidence that suggests otherwise, I make the decision that’s best for me.
Wondering whats their strategy now with ver high inflation!
I really don't like these stories at all. If you're making 6 figures you're gonna find it easy to retire early. I want to hear the average 40k to 70k income couple being clever, and finding ways to retire early with limited means
heres the thing..you can "not like the story" which is silly. but what you're asking for isn't on video because it honestly probsably doesnt exist. sorry if that hurts.
you see these videos because these people who are making this much can save more and retire early. if you're making a low 40k salary, well of course you are not going to get anywhere close to early retirement unless you are cutting down expenses significantly or something. otherwise its simply not realistic. "clever" can only go so far if you're not making much. also it depends entirely on where you live and what your annual spend is. theres way too much variation to show one answer
Massive respect to this amazing couple. Appreciate the insights they provided. Good luck to them. Cheers
Dang I wouldve thought they're in their late 40s - good for them be able to achieve this FIRE lifestyle
white ppl age fast
Living in Arizona and not wearing sunscreen will age you
Looking for this comment lol. I said no way they are MILLENNIAL money lol
@izthewiz they had desk jobs tho. They probably move around 10 times more than they used to
Lol! Yeh they look really old. Maybe they lied about their age. They made good money and I like the concept but it looks like a boring life living in the boondocks
I've always insisted the stock market is a better place to grow wealth than anywhere else. But stock picking is an effort in futility, particularly at an uncertain time such as this. I have lost more than $140k, but my portfolio is still significant, about $320k, but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market?
Quite frankly there are actually ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach.
@@ericmendels Wow! That's magnificent. Could you please share more info on the coach who guides you?
@@ericmendels Thank you for this. I just checked her out, and I'e dropped her a message. I hope she gets back to me soon.
Scam
I respect their decisions but I feel the sacrifice for this lifestyle is not really worth it if your making $260k a year. I mean I make half of that from my investment in the trade market in a span of six months. Not worth it at all.
Wanting to get into the market myself but I have no knowledge of it and how is it that you’re earning?
@@CherrytopShantel I must note that I have had some losses since I started trading in November 2020 on my own, but they are nothing compared to the gains I have made trading with my fiduciary, Levi Clemans🙂. Much better than anyone I’ve worked with. I’ll leave you his mail
Leviclemans@gmalcom
Came across a ton of people talking about him all over TH-cam. I’m new to all this. Is he taking investors?
Can’t even lie, that man is a genius, Traded the non-farm payroll report (NFP) to capitalize on one of the biggest market moving events of the month and maxed out my profit.
@@Dennisseat That guy is a fraud just like you 😀😀 Shut up ad bots!!!
That element tells a lot about US: we go to Mexico for healthcare/dental.
I don't live anywhere near Mexico, but am honestly considering going to a place I saw recommended in Costa Rica for dental care. Pretty sad.
It's not about the US. Generalizations like that are bigoted. Try insurance companies, who will pay big bucks to dentists for all sorts of procedures. Mexico and the like don't have those companies to pay them or they would charge big time too.
@@twdjt6245 Sad no. Happy that the choice is available to try else where. In America, you are allowed to make and charge as much as the market will bare. I've gone to Mexico before and Costa Rica is awesome too. The most popular ones in those countries often advertise that they trained in the US.
I just realized, they don’t have kids, that’s helps saves a lot
They are also healthy.
@@TheRealWinser They also look boring
@@natemoses3940 seriously, good for them for being happy, but that life looked super boring. it almost looked like an existence rather than a life.
@@aliali-ce3yf it is common for these types to be totally disconnected from the real world. They will eventually face financial hardship and then complain that they can't find a job because they are older. They will eventually have to settle for a camper/RV while they work to survive.
1. no debt at early life. 2.no kids. 3. with 200k+ combined salary and good financial planning.
but personally imo 900k is not enough especially considering the risk from stock market.