I didn’t hate my job but I will never forget that feeling of relief when I woke up on my first day of retirement and realized I didn’t have to go to work. Ten years in and still loving retirement.
Until I was 25 I was so poor I never thought I would retire, my 40s I could finally be one paycheck ahead. Bought a house in 2012 cause it was cheeper than rent and found out what appreciation was. Found Dave Ramsey and learned how I was doing it all wrong. Don't get me wrong I'm not paying off my mortgage early, not with my cheep loan. But I can finally at 48 start saving money and dream about retirement. I am shooting for starting at 62 and my hope is that 14 years will get me there buy more importantly I hope my wife who is the same age will be in good enough shape to travel. She loves to travel and I would love to spend a few years slow traveling with her...
Great to see that you have your direction (mojo) back with splitting your channel between: 1) getting to FIRE; and 2) living your dream with Travel. Having two channels is easy to understand and easy to digest as a viewer. Thank you both.
A friend finished university with 40K of debt. And was forced to pay back a 1K monthly. He consequently developed the habit of depositing 1K somewhere. The need to pay back the debt is a lot easier accepted than the need to save. All would rather agree that paying off the debt is mandatory, however the saving is thought of as optional. The habit of paying off the debt after short few years lead him to start saving a 1K every month. Now he is in a better position than other of his friends that had no debt in the first place. Love your videos and can't wait for the new one.
Spot on video as ever. Compounding and Discipline are everything! I remember winning £50 on the grand national horse race and immediately transferred £40 into my ISA! 😂. Thankfully the small actions add up ( Atomic Habits) and i’m 20 months into retirement having done so on my 54th birthday. Good luck to everyone on their own journey 🙌🏻
Great video thanks Neil! Looking forward to the series where you break everything down. Will you share your current and future annual budgets, as would be great for us Fire wannabees to know what a couple spends on average, to travel the world in low, medium & high cost countries. Also in today's world of high cost of living, and inflation having pushed up prices :). Thanks & cheers, Ian
Thank you for the informative video Neil. I’m looking forward to the budgeting information. I’ve never formally budgeted but my husband is joining me in retirement in a couple months and we’ll have a set monthly amount to spend going forward so learning about tracking spending etc. will be very helpful. My father was a very smart man with money and taught us young to save. I hated not having the same cash to spend as my friends as I worked in my youth, but it helped me build a nice nest egg that with compound interest grew even in the years I couldn’t save as I set up my business. I say I never formally budgeted because like you my investment saving was automatically set aside monthly so I only ever had a set amount to spend each month, I’ve never written down my expenditures etc. I actually find it a bit overwhelming, but I can learn and am trying to think of it as a whole new adventure 😁😬
Welcome to Ireland and delighted you're enjoying it. Love your videos. I'm north of you in the sunshine. Glad you've got a mild day there as its usually scorching 9 months of the year and we could really do with a drop of rain 😂 You're now temporarily the Kilkenny Cat who got the cream ❤
Good on you. I just paused the video for a moment to comment because I wanted to say well done for being so genuine so natural most youtube videos are so fake and rehersed and well done for saying unsubscribe if you want to unsubscribe if it's not for you then unsubscribe that's the first time I've heard a youtuber not just say subscribe and be pushy about subscribing or say the word unsubscribe so I really respect that 👏
Thanks so much. Appreciate the comment. I guess a lot of people make videos to gain viewers. I make them to help, but I know many people don't get what I'm talking about so I don't want to waste their time. I want to talk to the people that 'get it'. Thanks again.
Most important thing is don't accept the default pension scheme! These are usually awful. 4pc to 6pc if you are lucky! Instead contact your pension company and ask for options, Inc self investing. If they don't offer any alternative schemes then open a SIPP and transfer your pension pot into your SIPP every year. Then invest in ETFs to get at least 10pc every year. Over 30 years you will make many hundreds of thousands more in your pension!
The main reason for doing that is to reduce fees - fund fees and platform fees. So it's important to move to a cost-effective platform, and choose the right mix of etfs depending on risk strategy.
Very easy indeed to save all of a salary into a pension scheme or enjoy the wonders of compound interest when you don't have two kids to cloth and feed for 18 years. We did and still managed to finish at 57 but its much much harder
Thankyou for the great video. I'm an engineer at the end of a career pushing the bounds of what's possible. I've been following the over contribute tax efficient strategy you recommended. I'm moving to part time work next month whilst I figure out what I am retiring to, and expect to be fully retired next year age 56. Thanks again for all your videos on both channels.
Thanks for the series. I look forward to it. I'm especially interested in your budget video. I will need a budget to allow myself to spend more than I otherwise would.
Glad I’m not the only one who knows we need to load up our pension. I pay in 70% and my wife about 50%. The rest is tax and mortgage. The light at the end of the tunnel is fast approaching 🎉
That should be an interesting video. I do love work and nature is reducing the family circle to single figures, low single figures, very low. Take care and keep in touch wit( those you love. M.
It’s well worth reading the book Tulip Fever. It’s about the period of time in history when a single tulip bulb could be sold for the price of a house in Amsterdam.
The unknown is scary, and I am grateful for your information (from a normal bloke). I think many investment advisors are more concerned about their fees from us continuing to invest. Just my experience.
Thank you Travellinman, that means a lot to us, to be quite honest. I *may* include in the investing video in this series some stories that I know about advisors thinking about themselves first...
This is good, Im in my early 30s and with little to my name, my idea isnt exactly retirement, im not comfortable trusting my self not to work in some regard as i want to be doing something naff part time as i just find it healthy for my mindset, keeps the change flowing in my pocket, and to not be disconnected from their world regardless of how little i interact with it, at the same time ill likely give myself a year off and then get back to part time work if i manage to get a plan in place, im okay stacking shelf's for as long as co-op exists. I have minor plans in place that are working, its been about a year at this point so i have got somewhere not that i feel it much, but i do feel better about money at least, i think the thing im scared most about is when my parents croak it, because i dont know when that will be and many things will change.
It's all about choices and life . There is no guarantee you will reach retirement despite all your saving efforts. It's' a fine line about not becoming a save slave while at the same time making reasonable provision while enjoying what you like in life. I have had the cars and the classics still have and they have provided huge enjoyment I run my own business (44years) and so have a different view on retirement as I have built something rather getting out because you hate a job or don't like working. Early retirement has never featured for me retirement and some point will occur. Don't regret any of it and would have missed such a lot of if solely focussed on saving for an un- guaranteed future.
I really feel that the school system lets a lot of people down when it comes to learning life hacks, if we have been taught about compound interest and the importance of setting yourself up to win and not fail at an early age it wouldn’t be such an uphill struggle when we do learn about It. Believe it or not I was 45 before I even started investing in my future/pension/retirement currently having to put away £1000 a month to get myself to a standard where I may be able to retire comfortably enough to not have to worry about being able to survive being a pensioner. Question… What was the figure that you and your wife had in mind that allowed? You financial freedom to be able to live the lifestyle You live now? Question… Do you think you would regret not owning a property in the UK for your retirement or will you be living elsewhere in the world?
I'm 58 and would love to retire early, I've just started watching your video's and been very interesting, I've just been wondering if you have sold everything to fund your travel or if you still have a house as a base ? Maybe it's in a video I haven't seen. Have you got a video that says how you started this journey ?
I like to think of a balance between paying current me and future me. You can spend too much today, and you can also sacrifice too much. The trick is to work out how much value you are getting vs the cost - everything from the cars or houses you buy down to whether it’s better to make coffee/sandwiches at home or buy them at work
Love your channel and your open dialogue. Said with total respect I feel you need to focus a little more on your health so that you don't get caught out.
Thanks for the video. I'm 49, and doing many 'good' things (i think) to prep for retirement but my mistake is too much held in cash - i'm very risk averse and have always erred away from stocks and shares.
I appreciate that you avoid promoting things, but have you used any particular software packages to set, run and track your budget-spend? Perhaps one that also tracks your account/pension/wealth so you can see how it is working for you?
Hi Neale, we've tried lots... really what we use now is the app TravelSpend to track our daily spend and excel/google sheets for the annual. I want to formalise it much more how, if I do, I'll be sharing that. Thanks for the comment.
An interesting video even if it was a bit of ramble. For me the key takeaway is you need to over fund your pension. 8 or even 15% just isn't enough.if you want to retire early 25% plus is more appropriate.
You are spot on. I have 2 stints in and had heart trouble last November. 480 hours later I finally get in to have it checked and 65% flow, come back when it’s 50%. I shit you not…… Morel of the story is you health is priceless! Take care M.
I got out the 9-5 rat race at 51 too, after a change in circumstances ended up caring for mom and dad. Now hopefully I get access to my private pension next year at 55 and I can wipe my mortgage with tax free cash. But now all that’s in the air given this liebour government. Hope they don’t touch it.
I Like a few videos you have done. Some good solid experience and advice. Dont drift into politics though even if small comments like white male advantage and brexit. Just stick to your experiences. Plus you are not retired as others have said. You w just changed careers to online. Just a thought 👍
Presenting - tell them what you're going to tell them, tell them and tell them what you told them 😁I used to present films around the world 🙃Cheers mate
I came to the realisation that I need to make my own way to a happy retirement so I either don’t care about what I get via the government or quite frankly because they won’t provide me with one.
Well now it’s a benefit and even though you paid in, you may not qualify. We have to make tough decisions say labour. The best I can figure is 2 strategies. 1, spend all you money on you and plead polity if you get to retirement. 2, save hard and don’t trust in the government providing you something you paid in for because of the people following plan 1. Take care all M.
I get it, but what about inflation- that 1000 does not buy the same later on. At 52 no pensions, I’m interested because right now we have a a room full of drunks at the bar and they have just added the pension to your death duties. Doing well on a pension is now is not going to be easy. And if you find yourself with a health issue say - a piece of paper with 1 million written on it ain’t gonna mean anything. I do enjoy listening to others and you are genuinely helping people - so thank you. The crypto may not have any value but We give our health to the docs Our kids education to school Our money to the banks Don’t think of crypto as money - it’s value is the blockchain. You house, your car, your purchases will be on the blockchain. Sugar traders transact on the blockchain for years already, the apples you bought are transactions on the blockchain. That pension you love will be in crypto.
If you don’t like his style, maybe find a different channel? Some of us love the way he presents this information and his stories. Cheers and wish you well!
@@tricialeach1125 It's constructive criticism and important if you wish to grow a TH-cam channel. It's 46 minutes long and rambles all over the place. It's self indulgent. There's a good message in there somewhere....but it's not getting across.
I know I have a fear/scarcity mindset around money even now I'm early retired. I'm trying to work on it. I've spent a lot of my childhood in Kilkenny as my family lived there.😊
This is the new retirement. Much better this than disappearing into the sofa watching cr8p telly. Also this guy is giving back here which could not be a more normal thing for our elders to do and is absolutely what a good functioning society needs. Ok getting off my high horse now 😂
New viewer, who watches 20 hrs of TH-cam a week, I had to stop watching even though I like your topic because of the rambling and story telling, it is clear you didn’t write notes before this video to organize your talk, hope to return if you make your videos more direct to your point
Hi, You have compounded annually to get 1,402.55 whilst Neil has compounded monthly, which is indeed 1,417.63. There is a very handy compound interest calculator on thecalculatorsite where you can experiment with these settings. Hope this helps!
@@AdrianJones-zy3rz ah. i see by default that website defaults to monthly and does not read the interest rate you enter as the AER. it compounds it up to 7.23%. i doubt that's what neil meant to calculate. i think he means it to be AER of 7% not 7.23% that website converts it to by compounding monthly. this is why i always calculate things myself. you never know what weird thing or mistakes websites might do.
I didn’t hate my job but I will never forget that feeling of relief when I woke up on my first day of retirement and realized I didn’t have to go to work. Ten years in and still loving retirement.
I feel like that every Saturday and Sunday 🙂
You would have had a great career as a tv presenter, e.g. in a BBC documentary. You have a great voice and it’s fun listening to you.
Love the return to the less formatted scripting - and it’s not so much about stop dead in your tracks retirement but self directed time life.
Great video, love the channel. Just made redundant after 35 years working for a small company and trying to find my way
Good luck with that. A new beginning, best wishes.
No need to self flagellate. You worked hard to get to this point. Great work. You should be proud. This is why we’re all here. 😁
Until I was 25 I was so poor I never thought I would retire, my 40s I could finally be one paycheck ahead. Bought a house in 2012 cause it was cheeper than rent and found out what appreciation was. Found Dave Ramsey and learned how I was doing it all wrong. Don't get me wrong I'm not paying off my mortgage early, not with my cheep loan. But I can finally at 48 start saving money and dream about retirement. I am shooting for starting at 62 and my hope is that 14 years will get me there buy more importantly I hope my wife who is the same age will be in good enough shape to travel. She loves to travel and I would love to spend a few years slow traveling with her...
Many thanks for this 47 min. I am learning from you how many I'm can. Thanks for your honesty. I will wait for other videos. ❤
Great to see that you have your direction (mojo) back with splitting your channel between: 1) getting to FIRE; and 2) living your dream with Travel. Having two channels is easy to understand and easy to digest as a viewer. Thank you both.
Great video, thanks. Looking forward to the upcoming videos
A friend finished university with 40K of debt. And was forced to pay back a 1K monthly. He consequently developed the habit of depositing 1K somewhere. The need to pay back the debt is a lot easier accepted than the need to save. All would rather agree that paying off the debt is mandatory, however the saving is thought of as optional. The habit of paying off the debt after short few years lead him to start saving a 1K every month. Now he is in a better position than other of his friends that had no debt in the first place.
Love your videos and can't wait for the new one.
Spot on video as ever. Compounding and Discipline are everything! I remember winning £50 on the grand national horse race and immediately transferred £40 into my ISA! 😂. Thankfully the small actions add up ( Atomic Habits) and i’m 20 months into retirement having done so on my 54th birthday. Good luck to everyone on their own journey 🙌🏻
Great video thanks Neil! Looking forward to the series where you break everything down. Will you share your current and future annual budgets, as would be great for us Fire wannabees to know what a couple spends on average, to travel the world in low, medium & high cost countries. Also in today's world of high cost of living, and inflation having pushed up prices :). Thanks & cheers, Ian
Very informative video. Lots of useful information.
As a fellow homework avoider, tech nerd, public speaker, I think what you're doing is great Neil. I was given the same speech from loads of teachers.
Great video series, loving it.
Thank you!
Thank you for the informative video Neil. I’m looking forward to the budgeting information. I’ve never formally budgeted but my husband is joining me in retirement in a couple months and we’ll have a set monthly amount to spend going forward so learning about tracking spending etc. will be very helpful.
My father was a very smart man with money and taught us young to save. I hated not having the same cash to spend as my friends as I worked in my youth, but it helped me build a nice nest egg that with compound interest grew even in the years I couldn’t save as I set up my business.
I say I never formally budgeted because like you my investment saving was automatically set aside monthly so I only ever had a set amount to spend each month, I’ve never written down my expenditures etc. I actually find it a bit overwhelming, but I can learn and am trying to think of it as a whole new adventure 😁😬
Thanks for your vids😊
He finally gets started at 6:48
Welcome to Ireland and delighted you're enjoying it. Love your videos. I'm north of you in the sunshine.
Glad you've got a mild day there as its usually scorching 9 months of the year and we could really do with a drop of rain 😂
You're now temporarily the Kilkenny Cat who got the cream ❤
Haha I think you're right.
And yes, we are loving it.
Good on you. I just paused the video for a moment to comment because I wanted to say well done for being so genuine so natural most youtube videos are so fake and rehersed and well done for saying unsubscribe if you want to unsubscribe if it's not for you then unsubscribe that's the first time I've heard a youtuber not just say subscribe and be pushy about subscribing or say the word unsubscribe so I really respect that 👏
Thanks so much. Appreciate the comment. I guess a lot of people make videos to gain viewers. I make them to help, but I know many people don't get what I'm talking about so I don't want to waste their time.
I want to talk to the people that 'get it'.
Thanks again.
Most important thing is don't accept the default pension scheme! These are usually awful. 4pc to 6pc if you are lucky! Instead contact your pension company and ask for options, Inc self investing. If they don't offer any alternative schemes then open a SIPP and transfer your pension pot into your SIPP every year. Then invest in ETFs to get at least 10pc every year. Over 30 years you will make many hundreds of thousands more in your pension!
Good advice, and something I did many years ago 👍
The main reason for doing that is to reduce fees - fund fees and platform fees. So it's important to move to a cost-effective platform, and choose the right mix of etfs depending on risk strategy.
Very easy indeed to save all of a salary into a pension scheme or enjoy the wonders of compound interest when you don't have two kids to cloth and feed for 18 years. We did and still managed to finish at 57 but its much much harder
Simple easy advice
Neil, when you spoke about defining yourself (not keeping up with the Jones)… you could add ‘be happy with what you have’). Great pearls of wisdom!
Looking forward to the rest of the series.
Thankyou for the great video. I'm an engineer at the end of a career pushing the bounds of what's possible. I've been following the over contribute tax efficient strategy you recommended. I'm moving to part time work next month whilst I figure out what I am retiring to, and expect to be fully retired next year age 56. Thanks again for all your videos on both channels.
Thanks for the series. I look forward to it. I'm especially interested in your budget video. I will need a budget to allow myself to spend more than I otherwise would.
Glad I’m not the only one who knows we need to load up our pension. I pay in 70% and my wife about 50%. The rest is tax and mortgage. The light at the end of the tunnel is fast approaching 🎉
I wish you had told me this 20 years ago. We are working towards freedom, a bit late, but we will get there.
Thanks Neil, will you cover the emotional side of early retirement, and relationships with friends and family?
Absolutely Nicole. That's all included in this series.
That should be an interesting video.
I do love work and nature is reducing the family circle to single figures, low single figures, very low.
Take care and keep in touch wit( those you love. M.
Great video! Also, I love Sarah’s commentary! She is so beautiful and charming!
It’s well worth reading the book Tulip Fever. It’s about the period of time in history when a single tulip bulb could be sold for the price of a house in Amsterdam.
Thanks for the scam warning - you are right most are simple to spot but newbies might still be duped.
Hi I was seeing those ones about some lady who was great and thinking definitely odd!
Take care all and have a great retirement. M.
The unknown is scary, and I am grateful for your information (from a normal bloke). I think many investment advisors are more concerned about their fees from us continuing to invest. Just my experience.
Thank you Travellinman, that means a lot to us, to be quite honest.
I *may* include in the investing video in this series some stories that I know about advisors thinking about themselves first...
This is good, Im in my early 30s and with little to my name, my idea isnt exactly retirement, im not comfortable trusting my self not to work in some regard as i want to be doing something naff part time as i just find it healthy for my mindset, keeps the change flowing in my pocket, and to not be disconnected from their world regardless of how little i interact with it, at the same time ill likely give myself a year off and then get back to part time work if i manage to get a plan in place, im okay stacking shelf's for as long as co-op exists.
I have minor plans in place that are working, its been about a year at this point so i have got somewhere not that i feel it much, but i do feel better about money at least, i think the thing im scared most about is when my parents croak it, because i dont know when that will be and many things will change.
If you dont mind me asking, what was the pot size across your different savings when the two of you retired?
It's all about choices and life . There is no guarantee you will reach retirement despite all your saving efforts. It's' a fine line about not becoming a save slave while at the same time making reasonable provision while enjoying what you like in life. I have had the cars and the classics still have and they have provided huge enjoyment I run my own business (44years) and so have a different view on retirement as I have built something rather getting out because you hate a job or don't like working. Early retirement has never featured for me retirement and some point will occur. Don't regret any of it and would have missed such a lot of if solely focussed on saving for an un- guaranteed future.
I really feel that the school system lets a lot of people down when it comes to learning life hacks, if we have been taught about compound interest and the importance of setting yourself up to win and not fail at an early age it wouldn’t be such an uphill struggle when we do learn about It.
Believe it or not I was 45 before I even started investing in my future/pension/retirement currently having to put away £1000 a month to get myself to a standard where I may be able to retire comfortably enough to not have to worry about being able to survive being a pensioner.
Question… What was the figure that you and your wife had in mind that allowed? You financial freedom to be able to live the lifestyle You live now?
Question… Do you think you would regret not owning a property in the UK for your retirement or will you be living elsewhere in the world?
Can you create chapters?
I'm 58 and would love to retire early, I've just started watching your video's and been very interesting, I've just been wondering if you have sold everything to fund your travel or if you still have a house as a base ? Maybe it's in a video I haven't seen.
Have you got a video that says how you started this journey ?
I like to think of a balance between paying current me and future me. You can spend too much today, and you can also sacrifice too much. The trick is to work out how much value you are getting vs the cost - everything from the cars or houses you buy down to whether it’s better to make coffee/sandwiches at home or buy them at work
Love your channel and your open dialogue. Said with total respect I feel you need to focus a little more on your health so that you don't get caught out.
In County Kilkenny, have you been to a hurling match?
Would be interested to know if you invested in stocks and shares whilst paying off your mortgage, or did you prioritise paying off the mortgage first?
Thanks for the video. I'm 49, and doing many 'good' things (i think) to prep for retirement but my mistake is too much held in cash - i'm very risk averse and have always erred away from stocks and shares.
@@martinc160 holding cash is very risky as you’re losing the equivalent of the inflation rate so it’s a negative interest rate ….
I appreciate that you avoid promoting things, but have you used any particular software packages to set, run and track your budget-spend? Perhaps one that also tracks your account/pension/wealth so you can see how it is working for you?
Hi Neale, we've tried lots... really what we use now is the app TravelSpend to track our daily spend and excel/google sheets for the annual.
I want to formalise it much more how, if I do, I'll be sharing that.
Thanks for the comment.
My wife is an accountant, so Excel rules!
Me I wouldn’t pay for it so it’s Sheets from Google.
Take care and enjoy retirement. M.
An interesting video even if it was a bit of ramble. For me the key takeaway is you need to over fund your pension. 8 or even 15% just isn't enough.if you want to retire early 25% plus is more appropriate.
No health, no wealth. Please look after yourself. Sent with ❤️
You are spot on.
I have 2 stints in and had heart trouble last November.
480 hours later I finally get in to have it checked and 65% flow, come back when it’s 50%. I shit you not……
Morel of the story is you health is priceless!
Take care M.
How did you afford Health insurance for your family?
What did you drink?
15 years ago I found out how to eat great and loose weight. No fees or scam.
Male 63 yo
190 cm
83kg
120/80 mmhg
Sweden
Have you managed to stay within your range of budget over the years?
No kids, that’s the answer. Don’t see any parents of three making choices like this - I’m bloody chuffed for you guys tho
7 years at 5% is 1407. could that be the mistake? and adding 10 in the moment in the countryside.
I got out the 9-5 rat race at 51 too, after a change in circumstances ended up caring for mom and dad. Now hopefully I get access to my private pension next year at 55 and I can wipe my mortgage with tax free cash. But now all that’s in the air given this liebour government. Hope they don’t touch it.
I Like a few videos you have done. Some good solid experience and advice. Dont drift into politics though even if small comments like white male advantage and brexit. Just stick to your experiences. Plus you are not retired as others have said. You w just changed careers to online. Just a thought 👍
Too much rambling! Please put in chapters to help or be more concise!
Check spelling of discipline, irony at it’s best.. great video and thank you.
Its best!
Presenting - tell them what you're going to tell them, tell them and tell them what you told them 😁I used to present films around the world 🙃Cheers mate
I came to the realisation that I need to make my own way to a happy retirement so I either don’t care about what I get via the government or quite frankly because they won’t provide me with one.
Well now it’s a benefit and even though you paid in, you may not qualify.
We have to make tough decisions say labour.
The best I can figure is 2 strategies.
1, spend all you money on you and plead polity if you get to retirement.
2, save hard and don’t trust in the government providing you something you paid in for because of the people following plan 1.
Take care all M.
😇You guys went full circle sold UK and buy Spain 😜
Love the topic but losing interest in your channel. Please stop endless rambling. Just be a bit more concise.
I get it, but what about inflation- that 1000 does not buy the same later on.
At 52 no pensions, I’m interested because right now we have a a room full of drunks at the bar and they have just added the pension to your death duties.
Doing well on a pension is now is not going to be easy. And if you find yourself with a health issue say - a piece of paper with 1 million written on it ain’t gonna mean anything.
I do enjoy listening to others and you are genuinely helping people - so thank you. The crypto may not have any value but
We give our health to the docs
Our kids education to school
Our money to the banks
Don’t think of crypto as money - it’s value is the blockchain. You house, your car, your purchases will be on the blockchain. Sugar traders transact on the blockchain for years already, the apples you bought are transactions on the blockchain. That pension you love will be in crypto.
I watched a couple of videos but could tell: do you guys have kids?
He said in a different video that they do not have kids.
At 49 I can't think of anything worse than retirement. Unlike most I enjoy my job. I would do it for free.
Same! Hope to be working into retirement too, health permitting👌
Doing a job that you actually enjoy doing means that you'll never have to work for the rest of your life.
Everyone should have a few percent in btc for 10+ yrs. Dont give your money to scammers, just buy the etf..
Edit: or study it..
Would be great to keep these talks on point. Probably half the time we need to watch
If you don’t like his style, maybe find a different channel? Some of us love the way he presents this information and his stories. Cheers and wish you well!
@@tricialeach1125
It's constructive criticism and important if you wish to grow a TH-cam channel. It's 46 minutes long and rambles all over the place. It's self indulgent. There's a good message in there somewhere....but it's not getting across.
I know I have a fear/scarcity mindset around money even now I'm early retired. I'm trying to work on it.
I've spent a lot of my childhood in Kilkenny as my family lived there.😊
Yes, it's not easy is it. I know just how you feel.
Between you and me, Kilkenny has been out favourite part of Ireland so far.
@@2GoRoamHave you been to Connemara or the Aran Islands yet? Not to be missed if you're heading west
Love the videos but let’s be honest you aren’t retired. Like so many early retirees you’ve drifted back into work.
Interesting point. I'll be sure to cover this in a video.
Working much more on his terms though to where it feels like retirement, but valid point.
This is the new retirement. Much better this than disappearing into the sofa watching cr8p telly. Also this guy is giving back here which could not be a more normal thing for our elders to do and is absolutely what a good functioning society needs. Ok getting off my high horse now 😂
I wonder if I'll do the same - drift back into work after retirement. I'm semi retired now (aged 50) and tbh it's easy doing 24 hours per week
What work has he drifted back into? TH-cam? Do you have any idea the actual income ?
Four minutes in and you haven’t said anything
I did suggest at the beginning that a lot of people won't get value from the video and should click away. This video is likely not for you.
Sorry lost me on the Brexit/white male comment
Bye😂
For entertainment value and so we could really concentrate on early retirement. Maybe you could do your next video at a swimsuit competition :)
Can I vote for ladies beach volley ball!
It’s worth a try M.
New viewer, who watches 20 hrs of TH-cam a week, I had to stop watching even though I like your topic because of the rambling and story telling, it is clear you didn’t write notes before this video to organize your talk, hope to return if you make your videos more direct to your point
Well I liked it.
Longer format, unscripted and from the heart.
Save more and start earlier, retire later that should be a short video.
Take care M.
Could be good. Too much waffle like looking to pad out for content. Never really gets to point. A bit disappointing
31:56 i get £1402.55. i can't work out what you've done differently (wrong?) though.
Me too:)
Hi,
You have compounded annually to get 1,402.55 whilst Neil has compounded monthly, which is indeed 1,417.63.
There is a very handy compound interest calculator on thecalculatorsite where you can experiment with these settings.
Hope this helps!
@@AdrianJones-zy3rz ah. i see by default that website defaults to monthly and does not read the interest rate you enter as the AER. it compounds it up to 7.23%. i doubt that's what neil meant to calculate. i think he means it to be AER of 7% not 7.23% that website converts it to by compounding monthly. this is why i always calculate things myself. you never know what weird thing or mistakes websites might do.
The important thing is the idea; this is just a ready reckoner.
@@AdrianJones-zy3rz the details are fun for me too so i delve into them. i hope that's ok.