THAT'S IT! I QUIT! | Financial Independence | Retired Early
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- Опубликовано: 8 сен 2024
- After a 25 year career and a long journey to financial independence, today I retire early! Come along for my last commute to work and hear some thoughts on the path I have taken to get here.
From here, we move onto a yacht and prepare for a year long adventure on America's Great Loop, a 6,000 mile circumnavigation of the East Coast. Subscribe to follow our journey!
You asked so here it is. Buy me a beer:
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Our boat: • We finally reveal our ...
The survey and sea trial: • Survey and Sea Trial! ...
Stuff we like:
Our Great Loop Wall Map: amzn.to/3C5egiA
First book we read: amzn.to/35nZhV9
We like this book: amzn.to/3442GaS
Also this book: amzn.to/3HAt3Tq
Our Wish List Video: • What's on our GREAT LO...
ALL THE BOATS WE LOOKED AT FIRST:
CHB Sea Master Sundeck • CHB Sea Master Sundeck...
Tollycraft 44 CPMY • Tollycraft 44 CPMY for...
1989 Chris-Craft 501 Motor Yacht • Chris Craft 501 Motor ...
1990 Chris-Craft 501 Motor Yacht • Chris-Craft 501 Motor ...
Live Walkthrough Tollycraft 44 CPMY • Tollycraft 44 CPMY for...
FAMILY EDITION Chris Craft 501 vs Oceania 42 • Chris Craft 501 vs Oce...
Carver 500 Motor Yacht • Carver 500 Motor Yacht...
Ocean Yachts 48 • Ocean Yachts 48 for th...
Jefferson Marquessa 52 • Jefferson Marquessa 52...
Bayliner 4788 • Bayliner 4788 Pilot Ho...
Californian 48 Motor Yacht • Californian 48 Motor Y...
Grand Banks 49 • Grand Banks 49 for the...
Cruisers Yachts 4450 • Cruisers Yachts 4450 f...
Jefferson Rivanna 52 • Jefferson Rivanna 52 f...
Silverton 46 • Silverton 46 Motor Yac...
Californian 55 • 55ft Californian Cockp...
Stephens Brothers 48 • Stephens Brothers 48 (...
Viking 48 MY • Viking 48 Motor Yacht ...
Hatteras 48 • Hatteras 48 Motor Yach...
Canoe Cove 46 • Canoe Cove 46 Cockpit ...
Atlantic 47 • Atlantic 47 Motoryacht...
Sea Ray 420 • Sea Ray 420 Aft Cabin ...
Sea Ray Sedan Bridge • Sea Ray Sedan Bridge f...
Hatteras 53 Motor Yacht • Video
Carver 466 • Carver 466 Motor Yacht...
Catamaran • Can a Catamaran do the...
Nordhavn • A Nordhavn for the Gre...
Silverton 453 • Silverton 453 for the ...
Marine Trader 47 Tradewinds • Marine Trader Tradewin...
Endeavor TrawlerCat • DeFever 53 Pilot House...
Chris Craft 501 (yes, again) • Chris-Craft for the Gr...
Carver 500: • Carver 500 for the Gre...
Carver Voyager 460: • Carver 460 Voyager for...
Cruisers 5000: • Cruisers Yachts 5000 S...
Bayliner 4588: • Bayliner 4588 for the ...
Sea Ray 480: • Sea Ray 480 for the Gr...
Defever 48: • DeFever 48 Trawler for...
Mainship 430: • Mainship 430 for the G...
Meridian 490: • Meridian 490 for the G...
Navigator 53: • Navigator Classic 53 f...
Symbol 55: • Symbol 55 for the Grea...
Gulfstar 49: • Gulfstar 49 for the Gr...
Fairline Phantom: • Fairline Phantom for t...
Novatec: • Novatec for the Great ...
Grand Banks: • Grand Banks for the Gr...
Cruisers 455: • Video
Gulfstar 49: • Gulfstar 49 for the Gr...
Sealine T47: • Sealine T47 for the Gr...
Albin: • Albin Trawler for the ...
Bayliner 4087: • Bayliner 4087 for the ...
Chris Craft Roamer: • Chris Craft Roamer for...
Hatteras 53: • Hatteras 53 for the Gr...
McKinna 48: • McKinna 48 for the Gre...
Ocean Alexander: • Ocean Alexander for th...
Uniflite: • Uniflite 460 for the G...
How we made this video: amzn.to/32zlMlD
Learn more about our story at: onFIREfamily.com/
What is the Great Loop? onfirefamily.c...
Find out more about our story at onFIREfamily.com
Music: www.epidemicso...
“This video contains affiliate links. If you click on one of them, and make a purchase I’ll receive a commission.“
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.
Great job with your husband! I bet you’re living your best life right now.
I’m a young dad, I’m really glad to hear your story it inspires me. What’s FIRE movement please.?
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 by *TERESA JENSEN WHITE*
Your story is inspiring. I’m 38 trying to achieve this goal you achieved. Share some tips please so others can actually learn.
@@melyndaulf6199 Well, I can share some that helped me.
1: Plan with a Financial Advisor .
2: Be frugal and minimal on spending (don’t buy what you don’t need).
3: Save and invest money towards retirement (Roth IRA/401k)
4: Save to(Invest) it’s proven way to get richer very important to financial success.
Well done! Take it from someone who retired 12 years ago at 44; you won’t regret it. I bike, swim, lay in hammock reading, take wife to leisurely lunch and hang out with grandkids 4 houses away. You won’t regret your decision.
Thank you for the comment and congratulations to you as well.
Retired from what? Investment banking?
@@chrisniner8772 27 years in the military
@@melvano4014 lame...
@@jdub3853 what’s your plan?
Came across your video and I’m retiring at the end of the month after 22 years. There were 2 points that relate to me ( and I think it’s a sign that I’m doing the right thing) 1 you are retiring on my birthday June 10th and I’m also a Cancer survivor. Thank you for making this 👍
Thank you and congratulations to you on your retirement as well!
So awesome, thank you for sharing, very inspirational. I’m 46, and my last day was today - 12/30/22. If you have the drive and plan in place, it can happen. We all have 1 life, have to live it to the fullest and do the things that makes you happy. Thank you again!
Wow! Congratulations on early retirement! That is AWESOME! Enjoy living your best life! Well done!
Wow! Congratulations on early retirement! That is AWESOME! Enjoy living your best life! Well done!
After 37 years I went in in a Sunday to grab all my stuff and sat there and cried like a baby.
It's a tough transition for sure.
I am so happy you shared your thoughts, emotions, and experience of saying goodbye to the working life. I found your word both insightful and encouraging, as I too am heading towards the end to my work life, albeit at a little later time in my life (62). But the thinking is similar. Thx again!!!
Thanks for watching and good luck with your journey into retirement as well.
I applaud your ability to set aside enough funds to retire at 46. That takes self-denial, a lot of self-discipline, and long-term focus. Congratulations!
I am certain you will know that it was the right decision to undertake this exciting family adventure as you progress along the Great Loop, although I am also certain there will days when everything goes haywire and you will wonder why you ever thought doing the Great Loop was a good idea! Really looking forward to sharing your family's first few days aboard the new boat.
Thanks John! We've experienced both types of days so far and look forward to sharing those stories. Appreciate you watching...
Wow! Seth! Your video just popped up in my feed! This is Paul from the Ramsey classes at Village! So excited to see you have built upon the knowledge you learned from FPU! I'm close to retirement but much older than you. I didn't have all the great advice when I was younger but I kicked it into high gear in my 50's and will be just fine when I do retire.
Hi Paul! That's so cool you found this video! Yes, FPU got us on track to pull all of this off. We were just interviewed for a podcast and they asked what we recommend and we started right there at the baby steps. Congrats on nearing your retirement. Sharing our story (especially with young people) is part of our mission. The power of compound interest and the freedom you feel when you have no payments can't be beat! Merry Christmas to you and your family!
I am crying happy tears 🥹
Thank you for sharing your inspirational, motivational, and hopeful story. Happy retirement to you 🎉
Thank you so much for the comment. Made my day! Thanks!
I am 15 weeks from starting my FIRE lifestyle and hubby 9months….lots of mixed emotions..happy, sad, excited, etc😌…But overall feel so blessed to be able to walk away at 58 and hubby 59. Not as you as you but young enough! Congratulations on your retirement!!
Thanks and congratulations to you both! That is awesome!
Congrats to your early retirement. Have you made it? I'm going to hit my FIRE within 3 months, however, I'm only 35 and want to wait until hit 45 by letting my porfolio grows to 10 more year without invest a dime anymore. Meanwhile want to enjoy my paycheck to the fullest and help more people on the way. Do you think it is worth it or I'm missing out on being free?
I am 44 and 18months away from my own early retirement, am so excited and counting each day 😄
Congratulations! It’s an amazing feeling!
Wow….congratulations to you and your family. What an example of discipline and planning. We truly can appreciate and could see the many emotions you are going through. What a great way to start your and your families next stag in life and adventures doing the “Great American Loop”. Again congratulations and we look forward seeing your progress. The best Scott and Wendy
Thanks! Can't believe it's finally here!
this is so emotional, Im just 27 months into our FIRE journey, a lot to go but excited to join you in early retirement!
Congratulations on starting the journey to FI! It doesn’t seem like it when you’re going through it but it goes faster than you think. Well done!
Congratulations on reaching this goal. You are a a wonderful person, especially your spirit on the inside. I wish you all of the best in the next chapter in your life.
Thank you so much!
Nothing to do with boating but probably the most inspirational RUclips video Ive seen on any Great Loop adventure. Its all about the why and you and your family's WHY is awesome!!
Thank you so much, Nathan!
You have become an amazing butterfly🦋! There is the struggle to survive, the stress of change, then the transformation and at the end you fly off to what you are meant to be… free to rise above other people working hard to one day also be free 🌻 I hope you and your family enjoy and appreciate the hard work you have achieved to reach this peaceful state. 💕 Good story!
Thank you so much!!
So very happy for you, your emotions showed as soon as you started the Jeep, 15 months to go for me, can’t wait for my drive in for the last day. Enjoy. .
Thanks! Enjoy your journey. It’s worth it!
I absolutely love your positivity! Best of luck on your new adventure!
Thank you so much!
Great story of perseverance. You have accomplished what many others only dream about. Enjoy every moment of your retirement. I hope you have a great one!!!!
Thank you so much! I appreciate the comment.
What a brilliant story. It seems as though good things DO happen to good people! This is inspirational. I’m not new to FIRE, but I’m new to your channel. Great to see someone so respectful at the end of a working journey (not knocking the workplace and former bosses). Enjoy everything you and your family have worked so hard to achieve. Thanks for sharing.
Thank you so much for the kind words.
I have been following the Friday night progress and plans for a year. I am happy You have reached this big milestone and can now focus on the Great Loop adventure. ⚓ CONGRATULATIONS
Thank you so much! We appreciate you watching!
What a fantastic story. We too are debt free, currently living in Japan for the next 3 years, and planning to do the Loop when we get back. Thanks for all your great videos and information...we wish you Fair Winds and Following Seas!!
Thank you so much! Enjoy Japan and best of luck on your Great Loop adventure! Let us know how we can help! It’s awesome!
I am really excited for you @ your family! Your kids will cherish this time…trust me! Can’t wait to follow along your adventures!
Thanks!
Congrats, and it is super encouraging, I’m in similar journey and I have 5 years left before my ideal fire age. My dad had cancer and he was not as lucky, that changed my perspective completely and I can’t agree with you more on your decision, thank u for the video
Thank you so much for the comment!
Love your story sir! Enjoy yourself and family… god has blessed you tremendously! Spending time with family is great… awesome awesome… sometime bad boss just help you make the decision
Thanks so much
Congratulations! Enjoy this next stage of life. Your boat will keep you busy. Lots of fun numbers and problems to solve.
Thanks! The boat has proven to provide plenty of problems to solve already!
Congrats on your early retirement, Im envious of you after working the last two days for twelve hours and heading to bed early for another eight hours work Saturday and Sunday.
At 60 years old this isn't right lol.
Hope you had a great last day at work, looking forward to your families newest journey doing the loop.
Thank you!
Congratulations 🎉🎊
Thanks!
Hawaiian shirt everyday!! 🤣 congratulations!!
Absolutely! Thanks for the comment!
Great story! Enjoy your retirement!!!
Thank you! Will do!
Thanks to this beautiful fire movement I'm stress free living the life I want.... dividends are beautiful 👌 I turn 35 in acouple of months.. anyone can achieve this with hard work and discipline.
Congratulations! Yes! It does work!
Sitting at the helm and staring at the sea, what a great retirement. Congratulations!
Thank you!
What a very honest video.
Thank you!
Good on you
Thanks!
You rock sir. I really respect your efforts. Enjoy your time.
Thanks!
Wish you and your family good health and good luck!
Thank you!
Congratulations!!!
Thank you!!
@@onFIREfamily I'm retired at 50. We don't have a big retirement fund, but we are funded by our perpetual rental incomes. So we have "some" work to do to keep us entertained. :) Just keep yourself busy with projects, travels, and entertainment, and if too bored, pick up a PT easy job just to kill time! Enjoy! The best is yet to come!
Awesome! Congratulations!
We are proud to have met you in Rogersville and look forward to seeing you on the loop (if and when our boat comes one of these days) and always have enjoyed your vids. See you soon. Thanks. D.
Thanks! See you soon!
Congratulations! 🎊 👏🏾
Please enjoy every second.
Thank you!
Good one thanks
You are welcome. Thanks for watching!
Congrats on your retirement!! I retired on January 31st of 2021. We bought our Great Loop boat in July of '21, and we're getting our ducks in a row for a Spring of '23 departure.
Did you get your house rented out? If you get the time, doing a video on the ins and outs of renting out your house would be quite interesting to many of us.
Congrats to you too! Yes, first tenants move in today. Mid-term AirBnB (31 day plus only). We'll do a video on it to explain why that worked best for us.
Thanks for inviting us along!
Thank you for watching!
Great video, thanks. Hope you are enjoying your life, although the big stock dip of last year. Regards from Brazil!
Thanks, I am! Yes, stocks dipped but our first year of expenses was in savings. We’ll see how the next year goes. I appreciate you watching all the from Brazil. Really cool.
Congratulation!
Fired as well, cancer in the family. Change perspective on life. 7 months into FI now. Its amazing how little it can cost to live if you really want too. Dont worry about it, it will work out fine. math works. Had the precis same outlook on coporate life, some good, some bad, but alllllot of meetings about meetings. I do miss work abit, but not enough to go back :-)
Go enjoy your family. Great stuff, cheers
Congrats to you as well! Thank you for the comment!
Congratulations on good financial planning and following your dreams! Looking forward to watching your adventures ahead!
God Bless your family!
Thanks!
Thank you so much for sharing :)
Thanks for watching!
Congratulations!!!!! Been watching the "Happy Hour" for the past year + and looking forward to watching your travels on the Loop.
Thanks so much!! It's finally here!
So inspiring !
Thanks!
Congrats Seth and family on the start of this new adventure. Looking forward to following along with you.
Thanks so much!
well done to you and your family for such a positive outlook now we are with you on your new journey, and looking forward to seeing a weekly video on your adventures.
Thanks John!
Congratulations on your retirement!
Thank you!
Many of the things you mention you wouldn’t miss are easy to avoid while still working. If you are done at 3 leave
I suppose. Thanks for the comment.
Been watching your videos for a few months now Just sporadically here and there while doing research for the loop.
While I'm just a couple years younger it really is inspiring to hear your story.
I work a 3&3 schedule, so that's our plan. 3 weeks of boat, then 3 of work. And I travel for work, so we think it's doable. Guess we are gonna find out. Lol
We are kind of doing this for health reasons. While we aren't retiring, we are gonna do the adventure anyway.
I've got a brain tumor, and my wife has MS. So we are living a retirement life before we retire. If that makes sense. We are both healthy enough now to do this, and honestly we don't have any sort of terminal diagnoses. So it's not doom and gloom. Just an adjustment.
Almost debt free. Almost. And have a smaller nestegg, but we will make it work.
Glad I saw this video recommendation. Makes a lot of sense of how and why you are doing this adventure. Looking forward to watching more of your videos.
Thank you. Fair wishes and good health are being sent your way.
What an amazing story. It mirrors our own, somewhat. You have to live life now as tomorrow is not guaranteed. Best of luck to you on your journey. If there is absolutely anything we can do to help, let us know. It’s so worth it no matter how hard it may seem at times.
Wow! Thank you, that’s awesome. Congratulations
Thanks!
Congratulations on taking the leap into retirement at your age, best wishes. I'm 59 and over the years I dished out 633k for my 3 sons colleges. All three graduated with zero college debt from private colleges(loyola university, DePaul university, and Northwestern University).
I'm curious as to what your plan is for you kids college tuition? Also what is your plan for health insurance? Your video just popped up so this is the first video I saw on your channel.
Check out our website (onFIREfamily.com) where I answer a bunch of those questions. College: 529's for part, scholarships, and low/no W2 income for FAFSA should help. We're currently on a health sharing plan but will do ACA when we are settled after our boat trip. Glad you found us!
congrats! worried or sweating sunday’s are real
Thanks! Yeah, I haven’t missed that one bit! Appreciate the comment. Cheers.
Congratulations!! Enjoy the next stage of life!
Thanks!
index funds people should research for there retirement account, as far as fees for ira, to which can determine how much you will have in retirement, is staggering!! make sure the retirement company has fiduciary responsibility.
Absolutely.
Congratz! Thank you for the video.
Thank you!
What an inspiration, I'm glad I found your channel
Thanks! Glad you found us!
A bigUp from Suriname
Thanks!
I'm 54 and in my 35 year of full time work since having all my discs removed and steel rods put in my back. Every day hurts. I'm stiff.. I can't sleep well... I'm depressed. I don't know if I can make it until 65. .... so if you are reading this, save your money. Life can be very hard.
Thank you for the comment. It’s a very common and unfortunate story. I appreciate your inspiring others “if you are reading this, save your money.” It’s why this video exists. As someone with rods in my own spine, I’m blessed to be able to be retired. God bless you, Chris.
Chris thanks for your comment and I'm praying God will hold strong. Is any possiblility for you at least work part time or take time off more often than the standard PTO days? It would be great for you to try get rest often.
Have consider down sizing, house hacking or rent out your car to generate more income? It is just a suggestion that can help get more money so you could have more free time.
Please, take care of your health and don't feel discourage.
Funny how everyone has a different perspective on what a rewarding retirement will look like. You are looking forward to retiring so you can take a long journey in a boat - I am looking forward to retiring so I can hang out in my garage all day and tinker on old cars!
Last week I hit my 25-year anniversary with a company that has gone through a very painful reorganization which completely changed the corporate culture over the last few years. Lost many close coworkers in the process. Have a shade over four years to go before I can move on to my second career as an automotive enthusiast - but who’s counting…….😂
I would think your profession would allow for short term contract work if you ever hit a tight spot - might actually be fun to go back to the grind for specific projects knowing it is only temporary! Good luck……..👍
Congratulations on having the end in sight! Yes, everyone’s dreams are different. Best of luck with your car hobby in retirement!
An amazing moment
It’s one year later now and still one of the best things I’ve ever done.
Smart moves…go enjoy your life and your family we only get one life and live it!
Thank you!
Congrats to you my friend
Thank you!
Don't worry about missing the problem solving, you own a boat now and are about to go traveling with your family. You will be solving problems every hour, on some days even more. You're leaving work for all the right reasons. It will take you about a year but once you've covered that period of time you'll never look back. You will continue to gain more confidence in yourself everyday. Quitting work is the best thing I've ever done.
Thanks Mike! Boat life so far has provided ample boat problem solving but also logistical challenges to keep my brain more than busy!
My parents did the great loop! They were late 60s.
Awesome! It’s quite an adventure!
Happy you survived your battle with Cancer 😊. I will say that if you plan to pull 10-12% of your investments that is scary. I go by the 4% rule and I think that is a safer bet. Either way all the best man
Thanks jaymeez. No, I expect the market to do an average of 10-12% and I expect to draw 4%. We must read the same books! 😀 Thanks for the comment and best wishes on your path as well.
Just a warm soft golf clap to your success and living your life on your terms. Well done sir. Well done. Infinite PTO (paid time off)? RTO = Retired Time Off
Thank you!
Good luck and God bless
Thanks!
woah..........wat a great story, i have the same feeling as u........
Thanks!
I drive a jeep. I like to wheel and play golf. I retired to years ago at 44. It was cool at first but i miss making money. I have applied to jobs but no one wants to pay
Congratulations on early retirement. Although I have no current plans to return to 8-5 work, I’m sure there will be side hustles and fun jobs in my future. Best of luck in your search.
You are my hero! I'm right behind you.
Thank you! Best wishes on your journey. It’s worth it!!!
Congrats!
Thank you!
My classmates brother retired at the age of 38 after retiring from the u.s.a. airforce. He paid off his home, before he retired. He said you don't want to be at the mercy of greedy landlords raising the rent whenever they want.
Thanks for the comment and congratulations to your classmates brother.
just found your channel but excited to follow along! sub!
Thanks! Welcome!
He’s done a nice job. I’m glad somebody is out there making FIRE happen. I enjoy following.
Amazing! Congrats!
Thanks!
All the best.
Thanks!
When the “not gonna miss” > “gonna miss” then it is time. Enjoy!
Totally! Thank you!
Congratulations
Thanks!
Very thoughtful of you to give them 12 weeks notice - speaks to your character. Have a question - did you ever have "one more year" syndrome, where you could have FIRE'd earlier but kept creating reasons in your head to work for one more year. I've been dealing with that for the past few years. Perhaps having the lymphoma allowed you to crystallize your decision making process so you could pull the trigger without delay. Good luck to you.
My nature would totally be to have “one more year syndrome.” I get it! The math just seems better and lower risk, financially, that way. Two things though: 1) Health. Yes, mine in particular, but I’ve seen far too many hard workers retire with plenty and then last a year or two before health dashes their retirement dreams. I didn’t want that. 2) Kids. They are only kids for so long. Doing this now while my oldest is a sophomore was a big time push. I was uprooted during high school and didn’t want to impact her friend network during her junior year (making senior year that much more difficult).
Do the math. If you have the means, do it NOW! I keep telling myself if I’m wrong and the math wasn’t totally right I can always work later. You just can’t buy back your health or time with your family. Best of luck to you on your journey!
You worry? You are indestructible. Smart move picking your exit. I tell my chillrens that your earning power will peak long before you realize it.
Yes. Thank you!
Boom. Rear end someone and they take everything you earned. Hope you have done some CYA with that FIRE. Have to protect your life's work. By the way the great loop looks really fun, I have a friend that keeps egging me on to try it. Maybe one day.... ;-)
Insurance, of course, but point taken.
Congratulations! Good for you and your family! You shared that much of your savings was in 401k and IRAs. Given your young age, can you share how you are withdrawing $ from those accounts? Are you being hit with early withdrawl penalties?
Thanks! Check out the article on our website: onfirefamily.com/access-your-retirement-accounts-early/
Well you're young enough to go back once you're done with the Loop. Or start up a table building business. :) Good luck.
Very true. Lots of options. Cheers!
Love it!
Thank you!
I thought you're on your way to Hawaii.
Not Hawaii (yet). America’s Great Loop, a 6,000mile year-long boat trip to start my early retirement.
You said your money is in 401Ks and IRAs - well you must have money in taxable too because those funds cant be touched without penalty until 59 1/2 so you have 13 years to bridge. Unless of course you are doing 72T.
Thanks for the comment! Yes, good point. 72T is an option as well as using Roth IRA contributions (withdraw without penalty there). Can also do Roth conversions but have to wait 5 years to access it after converting.
Also, check out the article I wrote here: onfirefamily.com/access-your-retirement-accounts-early/
Everyone have a limited time on this earth. I’m understand n agreed with early retirement. I just did it too. 👍
I don’t have a lot $$$ but u r absolutely correct about debt free. Very important point.🐒
FYI, to make ur money go far trying development countries, for example, Thai, Ecuador, Viet nam, etc.
Good luck n enjoy.😜
Thanks and congrats on your retirement as well...
46🤯 I was thinking this guy was in his 50s!
Thank you for watching my story. Yes, 46!
Just curious... Now, I love what I do and want to keep doing it as long as possible.. does everyone here hate what they did so much and your work that you just couldn't wait to be done? That sounds like a horrible way to live your life. Wouldn't it be better to actually find something rewarding and interesting so that you can actually have a long and lustrous career? What I'm reading here is that most Americans are so dissatisfied with their work lives that they start trying to retire as early as possible. How is this any kind of victory...
I’m sure others will weigh in but for me it’s a matter of losing the predictability of my health and not having the time freedom to do the things I wanted to do (whether I loved my job or not). I completely agree with you that if you’re going to devote as much time as a career involves to something, you should pick something you love (or change while you can). Thanks for the comment.
Congratulations! I’m 35 and can’t wait to become financially independent. I own 3 homes that produce rental income and I also invest in stock market. I don’t know if I will stay in the US or not. Any recommendations on foreign countries to retire?
I haven’t done much research in retiring overseas for lower cost of living but there are lots of articles on the cheapest countries to do that in (and pros/cons like health insurance).
Burnt microwave popcorn was another bad office smell. Don’t miss anything about corporate office culture. Good luck.
YES! Although most of my employers outright banned popcorn for that reason. Thanks!
Could be possible to know which funds you're in?
also
Do you consider to SWR 4% or a lower percentage, to keep the accumulated net worth avaiable for your heirs?
You bet!
60% VTSAX - Total stock market fund
20% VBTLX - Total bond market fund
20% - VTIAX - Total international stock market fund
Check out onFIREfamily.com for all the details. Yes, we believe in the 4% safe withdrawal rate. Pretty much The Simple Path to Wealth by the book.
@@onFIREfamily Thanks you!
Why do people add such loud music in backround on youtube😢😢
More recent videos are better balanced. Sorry. YouTubing is a journey. Thanks for watching.
Does anyone know if this is all possible without becoming a landlord? I have been exploited by landlords so many times and I don't want to become one to be free of work.
Early retirement was possible without becoming a landlord. We just rented our house out for a year for our grand boat adventure. Rental real estate doesn’t have to be part of your early retirement plan. We just used low cost index funds like VTSAX.
The bond market is in shambles so it’s hard to count on the fixed income portion of say, a 60/40 portfolio. Still, it can be done, just maybe not so smoothly.
Almost a year later , how is it working out ?
It has been wonderful! I haven’t regretted it a bit! I left work and started our year-long boat trip the next day. In some ways, the trip replaced the hustle and bustle of work. The next challenge will come when we finish and return home and not having a daily “job” sets in. No regrets though!
Embarrassed I’m just watching this. ❤
No worries. You lived it real time!
My supervisor stabbed me in the back. Was the career I always wanted and studied in college for. I'm done working for other people.
That’s the thing! Exactly.
@@onFIREfamily thank you for your reply. My dad and his brother both passed away in their 50s. I'm 33 and want to start FIRE and then farm my family's farm.
@@wvmann9320 That is a great WHY for FIRE. Best wishes on your journey. It's so worth it!
@@onFIREfamily you have any book recommendations that helped you on your FIRE journey?
@@wvmann9320 The two best books I read were "the total money makeover" by dave ramsey and "quit like a millionaire" by Kristy shen (retired at the age of 31).