Early Retirement: The New American Dream Is No Longer In America
ฝัง
- เผยแพร่เมื่อ 31 ต.ค. 2023
- In this early retirement video we talk about why the new American dream is no longer in America, that is what we are discussing today. As retirees have discovered, the old American dream is either not attainable or not sustainable. They have shifted to moving overseas. Many others have caught onto this and started working towards moving overseas.
Our TH-cam Course:
groundedlife.thinkific.com/co...
Everything We Use:
www.groundedlifetravel.com/ev...
What We Use To Invest (affiliate link):
a.webull.com/TfjtegHr358AQ3HVtV
Credit Cards We Use:
Chase Sapphire Reserve Card: (affiliate link)
www.referyourchasecard.com/19...
Chase IHG Credit Card (affiliate link)
www.referyourchasecard.com/21...
Marriott Bonvoy Credit Card (affiliate link)
www.referyourchasecard.com/25...
True statement, we have realized that we can live much better overseas than in the USA. Plus we really want to see the world
I'm Sold ! I have a 1 year plan now...(Thanks to you guys 🥰...no house). Ps, I love coffee too,...
Definitely working my way towards the new American Dream. Less than 2 years will retire with a pension (work for school district) and plan to live 6 months a year slow traveling the world. Ultimate goal to do year round.
You can do it.
Retired for 8 years now. We are full time RVers, spending 6 months in the upper midwest and 6 months in warmer Arizona...love the minimalist lifestyle. We have NO pensions, live on our ss quite comfortably. We love to travel in the US and we cruise when we winter. Being debt free is the only way to live. So far we have not had to dip into savings or our retirement savings. We see so many who are older than us that have pensions and they are living LARGE IMO. Many of the 20-30's are becoming self employed influencers and doing their own thing, very different from our upbringing for sure. Enjoy all your channels, we are now researching train travel as my partner does not fly!
Awesome, thanks for sharing!
As an American retired and living in the Philippines, you are echoing my experiences with travel. Japan is fantastic and I loved the challenge of watching you tube videos to learn several survival phrases - and it was so much fun to use the language and get that smile of approval for doing my best to communicate in their native tongue. Conversely, people here in the Philippines giggle and laugh because my pronunciation is off when I attempt Filipino - but English is widely spoken here. I speak more Japanese than Filipino!
You guys have really got me thinking about living outside the US
This was such a great discussion!
Thanks!
Great video thank you !
Thanks for watching!
Although I’m retired, living comfortably enough in the US for what I’ve always valued and wanted (not much on material possessions), I’m not desiring to move outside the US. However I certainly can understand why some people like yourself choose to live outside the US most of the time. Most definitely being able to live comfortably in retirement can be much more difficult today, sometimes impossible, because of the terrible policies enacted 30/40 yrs ago. I appreciate your take on this situation, and I hope that those who choose to live other places can find the happiness and security they deserve.
Thanks for your thoughts!
The old American dream never really appealed to me after having to spend my teen years in a dull outer suburb my parents chose. I've always wanted to travel the world, but had to be self-sufficient right out of college so couldn't do the backpacker thing. I recently retired with a pension that's modest compared to the cost of living in much of the US. I've completed the next step of selling my house and am now just waiting two more years for my younger kid to finish high school. Lots to do in the meantime, such as scanning photos and getting rid of stuff so I can trade things for experiences!
Sounds like you have a great plan!
While living like this sounds exciting, I sure would miss my family & familiarity with my surroundings.
This is exactly what im going to do once I Retire in a few years. Do you still maintain a US address? How do you deal with Taxes?
in my line of work, i see MANY homeless senior citizens. they are really penny pinching. most of them cant really make a meal. keep investing in dividend funds! ignore work hard and go far. new generations are ditching corporate america and doing van life, airstream life, tiny living, house hacking, self employed, getting educated and taking those skills elsewhere.
today where i am 2 pounds of ground beef is now $10!
China has a major language barrier too, not just Japan. And Google translate doesn't work in China. But you don't want to go to China. I lived there. They don't treat their people well.
I have the dog
Very nice and informative video. How do you deal with medical insurance? I have Medicare with a supplemental plan but I understand emergency coverage exists but not very good. Thanks.
Thanks! You can buy private insurance. We have a video that details it.
What about shots? Do you have to have alot?
Have you picked the irony that your stocks do so well because of this exact behaviour of the companies?
Yes, it is not lost on us.
A big difference is labor wages in the us are much higher and that impacts price of goods and services
The labor cost for Starbucks to make coffee in the US is 63 cents.The ingredients are 30 cents. Even if the labor was free in other countries it wouldn't account for a $2-3 difference. The cost difference is real estate prices and profits.
How come you choose to spend more time in Canada for 24 versus the US? Is it less expensive in Canada?
Much less, but we also want to see the northern lights.
Today I realized the US dollar exchange rate makes it more affordable to live in Canada.
I disagree with much of what you say here.
I was born in 1961. My parents never had a pension. When I was in high school and college, we had inflation that far exceeded what we are seeing today. Just look at inflation figures from 1978-1985!
I think the biggest difference today, compared to 50-70 years ago, is more about our expectations. My grandparents wanted to retire and relax for their golden years. They lived in a modest home, drove one modest car, and were happy with peace and quiet.
Today, we tend to want large homes, multiple cars, long vacations, and the necessary income to have those things.
You can easily live on $3k per month in the USA. There are places in most states where you can have a very good lifestyle and still enjoy living in the US.
We own our home. We have 13 acres, 12 miles from Chik Fila, Walmart, Publix, and pretty much anything a person could want. Our expenses run just over $3k per month. Of course, we spend a lot more than that because we do enjoy travel. We have an RV and a boat. We have 4 vehicles. We have 4 children between 22 and 34, so seeing them and the grandkids trumps living abroad, for us.
As we have aged, we tend to do shorter trips, so staying a month doesn't appeal to us. We had a place in Panama but actually sold it before we retired, when we realized that wasn't what we wanted to do.
Our decisions have been based on our personal situations, and the nomadic lifestyle no longer appeals to us. We both worked until age 58. Neither of us has a pension, but we both contributed heavily to our 401k plans. Our budget is $10k per month, with less than $4k being "requirements".
The problem with leaving the US, is you are leaving your family behind. I know someone who left the US to live abroad. Then, her spouse died and now she is alone and stuck in this foreign country without the funds to return home.
Sadly true
Game over for America. Sitting duck.