I’m 55 and realistically have 10 more years. Luckily I have a job and employer that suits me and it should be bearable. Really couldn’t afford to quit prior than anyway. I have a wife five years younger and we have a fair amount of debt to deal with. Glad you learned something from your father were able to sell the business to realize the lesson and message he was sending you.
Hello from the U.S.! Found your channel a few months back and really appreciate the content and candor you share. Just retired at the age of 62 and am looking forward to a healthful and happy retirement. Thx for sharing your experiences and advice for future (or currently retired) individuals. Please keep the videos coming! 😊
I will be retiring on Oct 31 2024 and will be 65 on Nov 11 2024. I do worry about having enough money and being single and I have my son and daughter living with me and my two grandson's. I am like the one spending my money to look after them. It was not I envisioned . But family is family. You make great points. When you walk out the door of any job you are forgotten and they get another person to replace you. No one is going to be missed at work.
Easy when you have money otherwise impossible with housing prices and rents so expensive. I am 56 and for sure have to work to I am 69 (pension age) and my wife too. And we earn a lot but are still very difficult without inheritance or win from a house or apartment without any financial help than what you can earn yourselves. Moving, divorce, and unemployment periods cost a lot. Investing in stock means you would be taxed 42% on gains when holding periode is less than one year, from money which has been taxed with 45% income tax. All kinds of maintenance on house and car is per hourly rate double or more than I get paid out for two hours work so very expensive for big things on the house. It's not easy if you only do work hours. Public housing is not to get for 30 years, as this is only for people from different cultures coming here. But I have a strong body and have a good mind, so I manage.
My immediate impression You are very caught up in money, numbers and figures. News... The numbers will always be depressing. If I can say to you one thing ..just automate every possible bill you can and check you bank account occasionally. In other words, forget about watching the money.
Firstly thank you for sharing your story. Your dad ( sorry he passed at 74) gave you a reality check. Covid did the same reality check for a lot of us. Many are still stuck on the hamster wheel. Working part time or on something that gives us purpose is key in my opinion.
Great video well delivered! I am also stepping into the "honeymoon" period of an early retirement at 56+ , after more the 26yrs in the last organisation I worked in. (and they would forget me the moment I left, as you have pointed out) Left due to the concern on health impact of rotational midnight shift work and workplace relocation requiring close to 6hrs travel to and fro. Hope I will be able to establish a routine after the "honeymoon" period is over, or I may attempt to do some part time work if I land myself one. Get to slow down, get to remain socially engaged and get to spend more time with family.
thanks for sharing. Agree with you that once you have the ability to ease off the pedal and retire, you really need to ask yourself why are you still grinding. If there is no good reason, then it's time to stop. We only have 1 life, and it's not just about using that time to work and over-accumulate. I am starting my retirement journey as well, and I think I'll likely experience what you described, which is I'll enjoy the first 3-6 months of honeymoon period, where I get to sort out most matters that I couldn't while I was busy working, get to try things I didn't, and then settle hopefully into a routine that benefits me and family for the long term. That could mean going back to work as well but on my terms.
Thanks for taking the time to comment. Make sure you have something sustainable to retire to for after the honeymoon period is over. Best of luck with your plans.
Denied “to” many, not “by” many. I believe the full phrase is…. We are all born to die and growing old is a privilege denied to many. One of my favorites.
Success is not built on success. It's built on failure, It's built on frustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in Life
Spot on with the regrettable things - wish I worked less! I took a pay cut to do this, was only £258 a month for zero responsibility it’s boring but best move I’ve made, just working on the House Rental move now, so I can retire before 55 or just work part time in the same job.
It's great you retired. Most can't and now probably won't if they means test the state pension. It's easy to say retire but funding it is a different story. Most would be homeless in 6 months. I turned 50 this year. I can't and don't want to imagine another 20 years of it.
@paulmatthews9366 I think most people would agree with what you say i.e. can't afford to retire early (myself included), but I do wonder if it really might be possible if you people changed their lifestyle, living arrangements etc - would be great to see videos that walk people through the process of downsizing and slowing down
You’re welcome. Difficult question. I’d have to go with Talisker 18 year old single malt. I prefer a peaty whisky. But I also like Japanese single malts. Yamazaki for every day quaffing.
@@nickjmaher I used to work next to the Yamazaki whisky factory! And just for the record, I'm not looking to retire, but looking to only work as much as I feel like, after I turn 60 - probably three days a week or four maximum, and also then split my time between Yokohama and Manchester. Keep enjoying what you do :)
@@nickjmaher Hi Nick, Talisker 18 yo is a great whisky not good value now that they have doubled the price, I will stick to the Longrow 18 yo for now. off to SMWS Edinburgh this weekend for a few tastings sessions. Love a Springbank 10 for quaffing.
@@b1oho Some of the less expensive Talisker’s are on my every day quaffing list. I visit Auchterarder every year and always come away with bottles of Tullibardine and Glenturret from the nearby distilleries.
@@GreenMorningDragonProductions You’ve got to do what works for you. Stay flexible. I still work 1 to 3 days a week regularly in between long periods of not bothering because I’m too busy travelling or hiking in Yorkshire.
43, wanna try & retire before 50 (dunno how that will go...). I am really done with work, wanna spend more time with my Wife & Kids, more time around our property; more time for myself. Us working (re:slaving) away for 50 odd years is a joke, moreso that companies really dont care about workers anymore
Retired at 57. Never been happier.
Good for you
@@nickjmaher Didn't want to be the richest man in the graveyard.
Time is more important.
Time with family.
Time to think.
@@stephfoxwell4620 spot on!
Retired at 57 with worries that I would struggle both financially and mentally.
Now I work part-time with zero stress and have not looked back.
I did at 53. Moved to Spain! Could not be happier!
Wise words, I retired 18 months ago at 56. Best job I have ever had. 🥃🎱🥃
Thanks for the endorsement. Glad it’s going well.
Retired at 40s. Never been so stress-free. Loving it. ❤
Wonderful! Thanks for sharing.
Retired at 52...loving it
Good for you.
Retired at 64; loving it. I go to the gym 5 times per week.
You nailed it!
I’m 55 and realistically have 10 more years. Luckily I have a job and employer that suits me and it should be bearable. Really couldn’t afford to quit prior than anyway. I have a wife five years younger and we have a fair amount of debt to deal with. Glad you learned something from your father were able to sell the business to realize the lesson and message he was sending you.
Thanks for sharing your story and best of luck.
Hello from the U.S.! Found your channel a few months back and really appreciate the content and candor you share. Just retired at the age of 62 and am looking forward to a healthful and happy retirement. Thx for sharing your experiences and advice for future (or currently retired) individuals. Please keep the videos coming! 😊
Welcome aboard! thanks for your support and encouragement. I’ll do my best!
Thank you, Nick. Words with deep meaning
Thanks. I appreciate your endorsement.
Thank you for sharing.
My pleasure!
Early retired at 55. Life is for living 😊
Spot on!
Thanks for these reminders! 👍
You are so welcome!
Retired at 50 - saw life so differently - family mostly.
York - nice!
Thanks for your comment. Yes, York is lovely.
Most of the time people don't regret retiring 😊
Spot on! Although it can have it’s challenges.
I will be retiring on Oct 31 2024 and will be 65 on Nov 11 2024. I do worry about having enough money and being single and I have my son and daughter living with me and my two grandson's. I am like the one spending my money to look after them. It was not I envisioned . But family is family. You make great points. When you walk out the door of any job you are forgotten and they get another person to replace you. No one is going to be missed at work.
Thank you for your support and best of luck with your retirement next month.
Easy when you have money otherwise impossible with housing prices and rents so expensive. I am 56 and for sure have to work to I am 69 (pension age) and my wife too. And we earn a lot but are still very difficult without inheritance or win from a house or apartment without any financial help than what you can earn yourselves. Moving, divorce, and unemployment periods cost a lot. Investing in stock means you would be taxed 42% on gains when holding periode is less than one year, from money which has been taxed with 45% income tax. All kinds of maintenance on house and car is per hourly rate double or more than I get paid out for two hours work so very expensive for big things on the house. It's not easy if you only do work hours. Public housing is not to get for 30 years, as this is only for people from different cultures coming here. But I have a strong body and have a good mind, so I manage.
I respect your viewpoint. It is hard for some people.
Have you considered renting your house out and retirement in Thailand, rent for the years is £2000 for a nice place
My immediate impression
You are very caught up in money, numbers and figures.
News... The numbers will always be depressing.
If I can say to you one thing ..just automate every possible bill you can and check you bank account occasionally.
In other words, forget about watching the money.
Nice place more like 4-5k, well in BKK and CM@@jakespeed6515
@@Kitiwake I think most people have more bill than money - of course most are probably over stretched
Firstly thank you for sharing your story.
Your dad ( sorry he passed at 74) gave you a reality check.
Covid did the same reality check for a lot of us.
Many are still stuck on the hamster wheel.
Working part time or on something that gives us purpose is key in my opinion.
Great video well delivered!
I am also stepping into the "honeymoon" period of an early retirement at 56+ , after more the 26yrs in the last organisation I worked in. (and they would forget me the moment I left, as you have pointed out)
Left due to the concern on health impact of rotational midnight shift work and workplace relocation requiring close to 6hrs travel to and fro.
Hope I will be able to establish a routine after the "honeymoon" period is over, or I may attempt to do some part time work if I land myself one. Get to slow down, get to remain socially engaged and get to spend more time with family.
Thank you for your endorsement and sharing your situation. I wish you the best of luck in your retirement.
Successful business and spend time with family are not a contradiction. Balance and not being extremist.
True. They needn’t be. But successful entrepreneurs and businesses leaders are often extremists!
I'm 43 and looking to retire in 2 years. Your perspective is very helpful as Im looking towards the transition. Thanks
You'll be bored.
There nothing easy.
Glad it was helpful! Best of luck.
Congratulations and thank you for sharing this! So many are workaholics.
Yes they are! Thanks for your support.
Or forced to work long hours ..not by choice
thanks for sharing. Agree with you that once you have the ability to ease off the pedal and retire, you really need to ask yourself why are you still grinding. If there is no good reason, then it's time to stop. We only have 1 life, and it's not just about using that time to work and over-accumulate. I am starting my retirement journey as well, and I think I'll likely experience what you described, which is I'll enjoy the first 3-6 months of honeymoon period, where I get to sort out most matters that I couldn't while I was busy working, get to try things I didn't, and then settle hopefully into a routine that benefits me and family for the long term. That could mean going back to work as well but on my terms.
Thanks for taking the time to comment. Make sure you have something sustainable to retire to for after the honeymoon period is over. Best of luck with your plans.
A very thought-provoking video, thankyou. I'm also very impressed with how you delivered it in such a composed manner.
Thanks for the endorsement. It’s much appreciated.
he will be proud of you
I hope so,
Just retired at 65. Wouldn’t have done it any other way.
Glad to hear.
Getting olds a privilege denied by many.
That’s a sobering thought.
Denied “to” many, not “by” many. I believe the full phrase is…. We are all born to die and growing old is a privilege denied to many. One of my favorites.
Very true. Simplify, and spend time with family, gym, in my case the Lord, take naps. Extreme stress is very bad for health.
Thanks for your endorsement and taking the time to comment.
Thanks for sharing
My pleasure. Thanks for your comment.
Deans Park and around the minster looking nice 😊
It’s a tranquil place.
Goodness mate I hope you ok now.
All good, except the gallbladder issue.
Success is not built on success. It's built on failure, It's built on frustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in Life
You're correct!! I make a Lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
Unless failure leads to death
@@coldspring22❤
Thanks, Alan. I need words like these now in my life.
Failure and success go hand in hand. The failures are experiments to learn from. Thanks for sharing.
How did you support yourself and your family? Inheritance?
No inheritance (I should be so lucky!). No one in my family had any money. I sold my shareholding in a business I co-founded 13 years previously.
well done man
Thanks
Spot on with the regrettable things - wish I worked less! I took a pay cut to do this, was only £258 a month for zero responsibility it’s boring but best move I’ve made, just working on the House Rental move now, so I can retire before 55 or just work part time in the same job.
Thanks for sharing. It sounds like you nailed it!
@@nickjmaher just have to buy another house now and make my existing a HMO then once it running well for several years go part time at work.
@@jakespeed6515 it’s good to have a plan.
It's great you retired. Most can't and now probably won't if they means test the state pension. It's easy to say retire but funding it is a different story. Most would be homeless in 6 months. I turned 50 this year. I can't and don't want to imagine another 20 years of it.
I’m grateful for my good fortune. I appreciate you taking time to comment and share your viewpoint.
@paulmatthews9366 I think most people would agree with what you say i.e. can't afford to retire early (myself included), but I do wonder if it really might be possible if you people changed their lifestyle, living arrangements etc - would be great to see videos that walk people through the process of downsizing and slowing down
Hi Nick, just come across your channel this morning, thanks for all the advice. What's your favorite whisky?
You’re welcome. Difficult question. I’d have to go with Talisker 18 year old single malt. I prefer a peaty whisky. But I also like Japanese single malts. Yamazaki for every day quaffing.
@@nickjmaher I used to work next to the Yamazaki whisky factory! And just for the record, I'm not looking to retire, but looking to only work as much as I feel like, after I turn 60 - probably three days a week or four maximum, and also then split my time between Yokohama and Manchester. Keep enjoying what you do :)
@@nickjmaher Hi Nick, Talisker 18 yo is a great whisky not good value now that they have doubled the price, I will stick to the Longrow 18 yo for now. off to SMWS Edinburgh this weekend for a few tastings sessions. Love a Springbank 10 for quaffing.
@@b1oho Some of the less expensive Talisker’s are on my every day quaffing list. I visit Auchterarder every year and always come away with bottles of Tullibardine and Glenturret from the nearby distilleries.
@@GreenMorningDragonProductions You’ve got to do what works for you. Stay flexible. I still work 1 to 3 days a week regularly in between long periods of not bothering because I’m too busy travelling or hiking in Yorkshire.
43, wanna try & retire before 50 (dunno how that will go...).
I am really done with work, wanna spend more time with my Wife & Kids, more time around our property; more time for myself.
Us working (re:slaving) away for 50 odd years is a joke, moreso that companies really dont care about workers anymore
Best of luck, I hope you get there.
"What causes gallstone & how to treat them - Dr. Berg"; RUclips may be interesting.
Thanks. I was aware of Dr. Berg.
Golden rule for you younger guys.
Don't...get.. divorced. Youre not a movie star.
An expensive option!
Stay miserable and keep your money.
do not blame yourself.Y.I also had a food adiction.ou had an adiction
I stopped beating myself up years ago.
Interesting....
Glad you think so!
How do you “retire” when you want?
What’s the process? 🌈✝️🕊️😇😘🥰😍 x x x
Build assets (business, house, investments) . Sell them. Retire. It worked for me.
Top man 🫡 thanks for sharing
Very personal experience and advice
My pleasure! Thanks for the endorsement.
Thank you for sharing ⭐
You are so welcome