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Our Retirement Journey
Добавлен 31 авг 2023
Thanks for visiting our channel! Here we discuss all things retirement. From getting ready to enjoying your retirement.
5 Money Saving Travel Tips For Retirement
Thanks for watching today's video. Here we discuss 5 money saving tips we use to save money while we travel. Please let us know if you have any money saving tips you use.
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#retirement #earlyretirement #ourreturementjourney #Our_Retirement_Journey #prepareforretirement #declutter #simplelife
Also, please subscribe.
Thanks!
#retirement #earlyretirement #ourreturementjourney #Our_Retirement_Journey #prepareforretirement #declutter #simplelife
Просмотров: 29
Видео
5 reasons why you should retire NOW!
Просмотров 1,5 тыс.21 день назад
Hi! Today we review the 5 reasons why we think you should retire now. We believe in retiring as soon as you can. Please subscribe and comment. WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL EXPERIENCE ONLY. SEEK YOUR OWN PROFESSIONAL ADVICE. #retirement #earlyretirement #ourreturementjourney #Our_Retirement_Journey #prepareforretirement #declu...
Do you have enough money to retire?
Просмотров 877Месяц назад
Thanks for watching! Please subscribe, like and comment. In today's video we discuss how to determine if you have enough money to retire. This can be a very personal decision, based on many factors. Please let us know how you are planning for retirement, or if you are retired how it's going. WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL EXPER...
The surprising costs of downsizing!
Просмотров 1,2 тыс.Месяц назад
Thanks for watching today's video. We go over the costs of downsizing that we experienced, plus one surprising cost. Please subscribe to our channel! WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL EXPERIENCE ONLY. SEEK YOUR OWN PROFESSIONAL ADVICE. #retirement #earlyretirement #ourreturementjourney #Our_Retirement_Journey #prepareforretirement...
This could enable you to retire early!
Просмотров 652Месяц назад
Thanks for watching our video! Please leave a comment on your retirement journey, and like and subscribe! Today we talk about a great way to help you retire early. We have just retired WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL EXPERIENCE ONLY. SEEK YOUR OWN PROFESSIONAL ADVICE. #retirement #earlyretirement #ourreturementjourney #Our_Retir...
We are retired!
Просмотров 178Месяц назад
Thanks for watching our channel. Well we have now retired! Yes, it finally happened. We've been preparing and working hard for a long time and now it is official. Today's video is about our first two weeks and what we've been doing. Please like, subscribe and comment! We love to hear from you. Please remember we are not financial advisors, and anything we say is just our opinion!
Why did we Re-Clutter?
Просмотров 6192 месяца назад
We are now less than one month from retiring! Our house is sold and we've had to re-clutter to move on. Next is to load up our storage pod. Please subscribe and join our journey! We'd love to hear your comments!
Are you wealthier than you think
Просмотров 2213 месяца назад
In today's video we talk about how we measure wealth. You may or not agree. You might not have thought of it this way before. Please like comment and subscribe to our channel. We greatly appreciate it and love to read your comments. Please note, we are not financial advisors, and are not giving advice, we are simply giving our opinion. #retirement #earlyretirement #ourreturementjourney #Our_Ret...
Average Net Worth of Retirees at 55 64 Not What You Think
Просмотров 8 тыс.3 месяца назад
What is the average net worth of retirees at 55-64? Today we discuss how you compare. Remember we believe it doesn't matter as long as you live below your means. You need to spend less than you earn. Thanks for watching! Please subscribe and comment! WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL EXPERIENCE ONLY. SEEK YOUR OWN PROFESSIONAL ADV...
How We Became Minimalists
Просмотров 1,3 тыс.4 месяца назад
Today we talk about how we became minimalists, how we feel about it, if we like it, and what we can do to not slip back into a life of excess. Please let us know what you think. Leave us a comment. We are planning on retiring in a few weeks. Come along with us and enjoy the ride on “Our Retirement Journey!” WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OU...
Retirement update! The countdown begins!
Просмотров 3534 месяца назад
Thanks for watching today's video. We have been super busy getting our house ready to sell and we're on the countdown to retire. Please leave us a comment. WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL EXPERIENCE ONLY. SEEK YOUR OWN PROFESSIONAL ADVICE.
5 easy things you can do to sell home for more money
Просмотров 454 месяца назад
In today's video we discuss 5 easy things you can do to help you sell your home for the most money. Many of us are downsizing in retirement and we want you to make as much money as you can on the sale of your home! Best of luck. Please comment if you have done something to fix up your home to sell. WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONA...
Guaranteed way to save money in retirement! We figured it out!
Просмотров 6954 месяца назад
Hi, in today's video we talk about how to save lots of money in retirement. As you might know, we are on a journey to retire early by living on less and having more left over to enjoy life! Please subscribe to our channel, and also let us know how your retirement journey is going. We are not financial advisers, just a couple trying to make it in this complicated world.
The 6 Costs of Retirement Downsizing
Просмотров 2815 месяцев назад
Thanks for watching our video. We discuss the 6 costs of retirement downsizing. As we embark on our early retirement journey we explore all the financial issues we run into along the way. Please let us know what you think, have you done this? Do you have suggestions that could help? WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL EXPERIENCE ONL...
Ways we’re saving money during this economic downturn
Просмотров 2425 месяцев назад
Today we discuss the 6 ways we are saving money during this economic downturn! We're in the process of retiring early, and it's more important than ever to tighten our belts to save money in our everyday life. Please subscribe to our channel and comment if you have found other ways to save money. WE ARE NOT FINANCIAL ADVISORS. WE ARE NOT GIVING FINANCIAL ADIVCE. THIS VIDEO IS JUST OUR PERSONAL ...
How a disaster taught us to live with less!
Просмотров 685 месяцев назад
How a disaster taught us to live with less!
4 ways to save big money in retirement
Просмотров 286 месяцев назад
4 ways to save big money in retirement
Retirement relocation criteria to find the perfect place
Просмотров 576 месяцев назад
Retirement relocation criteria to find the perfect place
Saving our budget by switching to cash!
Просмотров 1,3 тыс.7 месяцев назад
Saving our budget by switching to cash!
Should we claim social security at age 62
Просмотров 787 месяцев назад
Should we claim social security at age 62
Don't break the retirement budget on christmas
Просмотров 308 месяцев назад
Don't break the retirement budget on christmas
Don't let these 5 fears stop you retiring!
Просмотров 1308 месяцев назад
Don't let these 5 fears stop you retiring!
You should answer these 4 questions before you retire
Просмотров 478 месяцев назад
You should answer these 4 questions before you retire
Good tips!
Thanks.
Self employed carpenter 64 years old, I can't really afford to stop working completely but I don't work nearly as many hours as I did while married and raising four children. I don't go into panic mode anymore when there's little work about either. I like road trips, sailing, camping, motorcycling and would love to play music and learn another language. Cheers from Chicagoland
Perspective is everything.....People who retire with PLENTY of money regret working so long, but people who retire too soon regret not working longer.
Too late. I retired 4 years ago. Oh well.
Congratulations!
Don’t let society fool you in believing that one’s “Golden years” is when one has passed an age when they are no longer able to move freely and with limited mobility, or at an advanced age when one’s energy level has drastically diminished. One’s REAL “Golden Years” is when one is in their “go go years” not “slow go years” or “no go years.” I’m 55 years old, and I believe I’m in my “Go go years.” Therefore, there are certain things in life that I am no longer willing to delay. I’m not considered wealthy by society’s definition of wealthy, but I believe I’m wealthy. I have no debt. House and cars are paid off. I live a simple life, and my wife and I are returning home from traveling for over a month in Europe. Although I’m not retired, but since a year ago I consider myself as semi-retired. I own my own small business, and on average I work between 27-32 hours a week. I plan to have the option to be fully retired by the end of the year 2028, and probably not with 1 million dollars either. Anywhere between 300-500k by 2028 and I’ll either fully retire, or just work less. I do love what I do for work, so I can see me possibly working less and having someone run most of my business.
I like your idea, but another way to approach life is to not wait until retirement to do all those things you talked about. We're in our 50's and really want to travel, but rather than wait until retirement, we're trying to do more of that now while our health is relatively good. And since we're empty nesters, we're spending more time on our hobbies now. We're still focused on our retirement savings, but we're also enjoying life now because you're right: we don't know how long we have. It's a good way to balance our lives.
We totally agree. If you have the income to support it, and the ability to take time off, you should definitely start traveling and enjoying things as soon as you can!
We are aligned! We can’t wait to get to the point when we are retired. We are done trading time working for time living.
Yay!
As a firefighter lieutenant/paramedic, I have over 3 years left until I can collect my pension. My wife still has 8 years left until she can collect from her state pension. I'm in countdown mode now.
Awesome!
Me too... 2.5 years. Good luck !
I've been working hard towards FIRE so I can retire early, but I just started reading "die with zero" and now I'm rethinking what I've been doing, maybe I've been too hyperfocused on saving
We haven’t read it, we will buy it. Thanks!
Thanks for this thought-provoking video. I'm turning 62, my wife is turning 61, and both are still working and in a solid financial position. This topic is on my mind more and more. I'm a bit conflicted because we both enjoy our work and good health, but I don't know what the balance should be regarding retirement. Anyway, thanks again. I just wanted to share my thoughts. Melbourne Australia.
Many people love their work and it’s almost like a hobby to them, if this is the case, we could see the reason to continue working. We just feel that you should reach a point where you are doing what brings you the most joy in life.
Is it Azul the financial advisor?
No, but we love Azul.
I went through a very similar process last year with selling our 7 year home in April and buying our Cabin in September. This past year included a lot of unexpected expenses for the new location at a higher than expected cost. I enjoyed your summary and thank you for sharing.
Great video. I think this topic gets easily overlooked/underestimated.
Thanks! Keep watching
Great video, thank you! You two are a cute couple with great ideas, always. Our home we downsized to was 500 less feet and only a shell of a home for 87k but it had plumbing & electrical. Saved $230 a mo on homeowners and $130 on Property Tax. No more $80 water bills either. Closer to healthier food, grow some of our food so do weekly trading which saves another $100 or so. We love our new area, the home isn't as nice but it's okay. We spend more time outside, swimming in our own creek, and we enjoy our hens.
Great for you!
Not only I use cash 99% of the time, I also don't use $20 bills, only $10 bills.
Great idea!
We must have enough $ to retire, too late now. Sorry this is so long, it might offer ideas Income: $1730 combined Social Security at ages 62 & 70. Expenses $1650 a month. A wonderful life here in Northern Calif living on 9 acres in a 990 foot cabin w/ large fenced backyard. Year round creek. Free endless spring water, no homeowners ins, tiny health costs. Expenses- $90 Prop Tax, $300 Transport, $25 Garbage, $100 Power, $100 Wifi/Cell, $140 Giving, $15 RUclips, $100 Misc, $700 Groceries, $45 Clothes, $25 Bicycles, $15 Retiree Health Pkg. *Savings: $35k Cash in the hidden safe. IRA: $85k* *Low income Perks*- $10 off Garbage, $25 monthly Food Stamps, Medicaid for one month a yr to cover the cost of his teeth cleaning. I was born with eye disabilities, eyes give out. See to walk enough but no focus. Hubby has issues breathing on a BPAP at night. His Social Security is $1030, mine is $700 a mo. Worked 10 yrs at a job which provided my retiree health plan. They suddenly wanted reports completed. With weak eyes already, I couldn't focus to write/type. Had to be picked up from work 2x due not able to drive. *How do we get by?* Ride Specialized E-Bikes most places about 6.5 months a year. E-Car occasionally. I don't have a license so drive rarely. Gas pick up Food Forraging- We gather enough blackberries in the creeks to last us eating 1/3 cup berries, 2x a week, for about half the yr. Tap maple trees, cook the sap over a bon-fire to make Free Maple Syrup. Use it as Xmas gifts & trade it at the produce swap. Free manure = huge compost piles for growing our food & our hens feast 90% off of it along with free ranging in our large fenced backyard. We supplement their food with hen scratch which is just $10 a month but we trade their eggs out so it's a wash. *We Grow this produce in abundance & free* Potatoes, garlic, peppers, green beans (pole beans) onions. Spend very ittle $ to grow these items- Kale, Artichoke, Watermelon, Apples, Grapes, mint, rosemary, cilantro & pumpkins. At the weekly Produce swap, We trade this produce, free range eggs, maple syrup. Last week we left with a bag of red beets, bag of turnips, small homemade loaf of sourdough bread & a bag of arugula. Doesn't seem like much but when you "eat out" 2x a week, and supply most of your needs, it's all we need. If we want to save more $ all we need to do is buy less supplements. We also spend $ on others, gifts and such that is not that necessary *Weekly free food/ very discounted* Tuesdays- We volunteer at the Town's Weekly Organic Meal for 3.5 hrs. Volunteers receive a free meal on site+ one to take home Sundays- Free meal after church. We supply the meal every 6 weeks. Cost is $22. Averages out to $1.83 each for lunch (We buy 3 Costco chickens to slice,, bring 2 crockpots of garlic mashed potatoes and 2 crockpots of green beans. We grow these free. In the snowy winter, the Town's Warming Shelter opens. We volunteer from 7pm until 8am- 13 hr shifts The cooks leave us a dinner they've prepared at 6pm & free breakfast. Shift is long so we only do it 1x a week, sometimes 2x. What happens after he dies? He's older. I will get his $1030 per month Social Security. IRA is in my name. Everything we have is brand new, or close to new, 2020 Chevy Bolt E-Car, 2024 E-Bikes, new roof, new ac/heat, home was newly remodeled, everything new inside, did it ourselves so nothing will break down in our lifetime, that's the goal. Gas pick up is 10 yrs old but used just 1x a wk for 20 minutes in snowy winter. I can stay home for 8 weeks in snowy winter if needed, I can most of our food during this time anyhow. Being former construction, hubby built an outdoor shower/bath & outdoor kitchen used well over half the yr to preserve the indoors. We are christians so really love our church family and it's fun to volunteer, we feel blessed being able to do that. We also really like our neighbors. We feel good since we eat healthy and cycle a great deal, usually about 1 hr a day, and we turn off the motor for half of that to ensure actual exercise is gained. We host days where we can food with friends, go to the river, friends come over for dinne/vice versa & bible study
I went from a 5107sf house (worth 1.5 million) to a 125sf AirB&B room. It was due to a divorce. I had to get two extra extra large warehouses to put all my things in. And that's where I am right now, living in one small bedroom. I'm hoping to sell or give away all my junk and move into a small condo.
Thank you for these wonderful tips. They are very helpful. My husband and I are planning our future retirement. Our daughter is grown and had moved out. We look forward to moving near Disney and are extremely excited. But every time we go there to see how we feel, I would miss our home dearly and missed being near our daughter. Sometimes, we are nonchalantly saying, "Let's sell our house." But after hearing your emotional Rollercoaster, it really helps us to organize and prepare for how we will feel in the future.
It is a rollercoaster, however it is worth it. We are happy in our new home and our kids (adults) visit and still think of the new house as their home (away from home.)
Great tips. We have been saving all our shipping boxes for the past 1.5years to not buy any. We are thinking of the pods like you are referring too… will have to figure that to not let the costs bloat! Thanks for sharing.
Very smart! Our problem with the pod was we needed two.
I like the calm pace of your podcast.
Thanks
Velocity banking is the answer
That is an interesting concept
I would like to hear your opinion of velocity banking since you've checked into it.. I also am a fan of using a whole life insurance plan with living benefits so that if ..for example.. you have $100,000 policy..should you need it.. allows you take $50,000 out..Infinite banking is also interesting per Christy Van..Vanntasic.podcast
I switched to a five hundred and thirty square foot house with a basement and a garage it has two bathrooms /one bedroom. I follow" under the median"..Larry and Hope..52 ways to save money on 1 podcast +so much more. My electric bill dropped from over $100 down to $9.50 in the summer or $24 in the Winter per month.
We are doing the same to retire early. This advice is spot on! We are downsizing our home square footage and all other related expenses (property tax, heating costs, electricity costs). The value of our home will be a lateral move for us, but we will be feet away from a lake with year round lake views. Overall, we are projecting to saving $1,800 a month just in utilities and property tax. This move is cutting 7 years off our retirement horizon!
That's an amazing savings! At the end of the day that's all you are looking to achieve. Lowering monthly costs. Well done!
Congratulations on your retirement and your trip across the country! We are years behind you but trying to catch up. 😊. We can’t wait to see your journey as it unfolds.
Thanks! We are enjoying your videos also. 😁
@@OurRetirementJourney Thank you for watching. ☺️
Thanks! I feel better knowing that its at least possible to retire with a little less than a million dollars in my portfolio.
For sure!
Good video. Thanks to the presenters for sharing. The concept of including the present value of pension and other entitlement payments to net worth is interesting as it explains how my parents and grandparents were able to retire comfortably with little liquid net worth. When you add the PV of pensions and entitlements, I realize that their net worth is within the general median net worth data points presented. Pensions, however, are mostly gone in the states and social security's long-term sustainability is in question to say the least. That means that my generation and those that follow will have to rely upon an adequate pool of investable liquid assets to fund their own retirements.
What is entitlement?
@@kare7840 I define entitlements as government payments or other benefits someone is entitled to under law based on age or other status. I was really referring to social security benefits available to retirees in the states in this context. I probably should have just stated that instead of using the word entitlement.
Cool! It’s good to make lots of bread when you’re retired. And you make it in a way that doesn’t look too messy. I may try it. It looks easy for hurt hands.
Please let us know how it turns out
Personally I would just sell that stuff so I could remain clutter-free 😂 I started a business 12 years ago that required me to be on the road full time. So I had to fit everything I owned in a single vehicle. Then I sold and gave away everything that wouldn't fit. A few months later I got rid of more stuff so I'd have space in my vehicle. I've been living that way for the past decade and it's great. Getting rid of all that stuff makes you realize you don't need it. I have two boxes of photos, mementos, books, and important stuff. I have a carry-on suitcase with my clothes and toiletries. Everything else is business-related. I'm as free as a hobo: A hobo with a business, brokerage account and two IRAs. I can live anywhere I want. If I wake up tomorrow and decide to drive to Florida and stay for a month, I can leave the same day, no problem!
Now that’s freedom!
Very nice, I have subscribed to your channel. ✌🏻🫶🏻👍🏻
Thanks!
Hi from Mississippi! Good Luck on getting your message out. Hopefully a few comments will help you out. I find purchasing food in the apps will lower the cost.
Thanks! Yes, we seem to get free stuff on some of those apps.
Thank you showing me how to bake the most perfect French Bread ever. This is my signature bread now, thank you so much!
So glad you love it! We do too!
I'm 54 and have over 6.5 million with zero liabilities. I rent an apartment. 2 million of that is in an IRA that I can't touch until 59.5. I have mostly cash and bonds make around 200k a year. After taxes, it comes out to around 12k a month net. I definitely don't feel rich... I am retired.
That is an interesting perspective. I can see why you can consider it wealthy if living below means and have extra for whatever comes up.
Having everything you need is the other form of fabulous wealth.
Yes it is!
Love the simplicity and brevity of you guys. Great Content. Love from India.
Thanks!
While having sufficient money to meet one’s basic needs and some or most of one’s wants can contribute to wealth, it doesn’t necessarily mean one is wealthy. Health, happiness, harmonious relationships and peace of mind is a form of wealth. It is a form of wealth which many people that are rich in money don’t have.
Well said
We love being debt free! We don’t care about our net worth, we only care about our cash & retirement assets. Cars and Homes are only worth what someone will pay for it minus the fees to sell it.
Debt free is peace of mind! Well done.
To me, the “Go go years” are the real Golden years. That is why although I love what I do for work which is run my own small business, and it is truly rewarding seeing the positive impact that it can have on young kids and families, there are other things that I like to enjoy in life, and I plan to have the option to be fully retired by or before 60. I will be 55 soon, don’t have any major 401k retirement plans or won’t be getting any pensions, but my wife and I live a fairly simple life, have no credit card debt, both cars are paid for, no mortgage as our small condo is paid for, and some cash saved. I believe that embracing a delayed gratification mindset has served me well in life, but I also believe there is different between delayed gratification, and over delaying gratification. Therefore, if I continue working towards my goals, and if I have at least 300k saved by the time I’m 59.5, I do plan to either retire if I choose to. Tomorrow is not guaranteed, and I figure that after 65 or so, I’ll probably be spending less money on leisure. Enjoying free time at 55 or 60, does not compare to enjoying free time at 70 or 75.
Retire in the Philippines. Live like a king on $2,000/mo budget.
We heard the cost of living is low there! Sounds nice
But you cant drink the water .
Like most Americans you can buy bottlewater at grocery store.
@@rda9441 @ In America its really nice to just have drinking water inside your home . Please rda9441 don't compare buying a bottle versus the convenience of a water spicket .
Is the median net worth per single person or a married couple ? EX: $364,500 times 2 equals $729,000. Thanks.
It’s household worth
@@OurRetirementJourneyYou sound English ? Good advice thanks ,very hard to put a price on peoples living as everyone is so different. But we enjoy the simple things in life beach walks ,reading etc and have no debt so I guess we are wealthy as we are financially independent and not worried about paying the normal bills etc.
HI, I am a single 72 year old man, NO DEBT at all, current yearly income in between $72,000.00 and $76,000.00, with a monthly living expense of about $3,000.00. I also have a financial portfolio of $1.5million and a no mortgage house worth currently of about $475,000.00. So where do I stand with My life?
You should be very proud of where you stand! Congratulations.
We retired two years ago with no debt. Feels really good!
Yay! Living the dream.
Thanks for the suggestions! Other Suggestions: fence/mail box repairs, Septic Inspections (if applic.)
Great suggestion!
You CAN do this!! De-cluttering is a HUGE endeavor! Keep us updated on the progress of the sale.
Thanks! We are loving living with less.
Meredith Whitney describes it as the Maginot Line. Those on one side have wealth, those on the other do not. Currently about $70k of income. Those peeps are suffering.
Good info! We'll look her up and see what she has to say
Thank you
You're welcome
That's an interesting perspective on "wealthy." Surprisingly (to me), my income is more than when I was working. I don't consider myself wealthy but I own my own home outright (bought 28 years ago for cash) have a small car payment below market rates that has a year until paid off, one credit card that gets paid off in full each month and invest 3/4ths of my retirement income each month. Any bill that hits the mailbox gets paid the same day it comes in. I look at my vintage motorcycle collection as an asset that grows in value over time. I retired 18 years ago at 54 1/2. Some people just can't handle money. The "pros" say that percentage is 65%, How sad. Watch and grow your money while living below your means is sage advice.
You sound wealthy to us! What an inspiration to hear your story
We were minimalist before there was a word for it ! Retired 6 years now , also downsized . If its only been 2 weeks for you it just gets better and better ! Congratulations !
Thank you.
New subscriber
Welcome!
Totally agree with you clutter is no good and we feel so much lighter without and the home is easy to clean and we become better organised if we want to find a needle and thread we can go and put our hands on it and not have to search for it 😊
Yes! We’re really hoping we can continue with the minimalism. It’s making life so much easier.
She sounds like Pam from The Office
That’s so funny that you said that because people at work said the same thing