Hi 👋🏻😎☀️..aw wish I’d seen your channel sooner, I’m lookin at doing very similar😎☀️👍, I’m nearish you and would have come to ur Sale, take care let us know how your getting on 🥂😎
I was lucky in an earlier career and was able to save so I could afford to travel a few times a year but it has got more expensive. As I come up to retirement it’s been interesting getting more into the details of what you need to live on and I do think UK is getting very expensive. What do you think?
@@RetireandTraveltheWorld From my perspective apart from house prices which need to stay static for at least 10 years for wages to catch up, the cost of living is far cheaper than 50 years ago. [1976 £25 pw] High house prices sound good but in reality unless one is going to live in tent [or go traveling around the world full time] they don't benefit anyone, where once if one wanted to move to a better area or to a larger house one could say pay an extra 10k, now that 10k is 100k or more I have just looked up the average pension, including state pension and works pensions a single person gets £267 per week. For your living expenses you would need your State pension plus another 35k per year in pensions as you would be paying tax. Presuming you return to the UK in a few years? have you got plans in place as to where to live and will be able to afford? as once you are out of the housing loop it can be hard to get back in
Hello again and thank you for your insights. I am speaking with financial advisers and working on plans for the future. I do not need 36K as I will not be travelling the same way as I have done in the past. When I was working I could only go on holiday a few times a year and holidays and tours for a couple of weeks are expensive with flights, hotels etc for shorter breaks. My point in the video was this will be saved when traveling and living side by side. I do not get my state pension for another 12 years (67 in the UK now), so until then I have to continue to work remotely part time, and use my investments and savings until ,y private and state pension kicks in. do not pretend for one minute it is easy and hence I have been working on learning to be a minimalist. I do also appreciate the point about coming off the property ladder. It is not something to do lightly that's for sure!
Hi 👋🏻😎☀️..aw wish I’d seen your channel sooner, I’m lookin at doing very similar😎☀️👍, I’m nearish you and would have come to ur Sale, take care let us know how your getting on 🥂😎
Thank you! Are you off travelling too!
36k per year living expenses before deductions, you obviously have a well paid job.
Wait until you only have pensions to live on
I was lucky in an earlier career and was able to save so I could afford to travel a few times a year but it has got more expensive. As I come up to retirement it’s been interesting getting more into the details of what you need to live on and I do think UK is getting very expensive. What do you think?
@@RetireandTraveltheWorld From my perspective apart from house prices which need to stay static for at least 10 years for wages to catch up, the cost of living is far cheaper than 50 years ago. [1976 £25 pw]
High house prices sound good but in reality unless one is going to live in tent [or go traveling around the world full time] they don't benefit anyone, where once if one wanted to move to a better area or to a larger house one could say pay an extra 10k, now that 10k is 100k or more
I have just looked up the average pension, including state pension and works pensions a single person gets £267 per week.
For your living expenses you would need your State pension plus another 35k per year in pensions as you would be paying tax.
Presuming you return to the UK in a few years? have you got plans in place as to where to live and will be able to afford? as once you are out of the housing loop it can be hard to get back in
Hello again and thank you for your insights. I am speaking with financial advisers and working on plans for the future. I do not need 36K as I will not be travelling the same way as I have done in the past. When I was working I could only go on holiday a few times a year and holidays and tours for a couple of weeks are expensive with flights, hotels etc for shorter breaks. My point in the video was this will be saved when traveling and living side by side. I do not get my state pension for another 12 years (67 in the UK now), so until then I have to continue to work remotely part time, and use my investments and savings until ,y private and state pension kicks in. do not pretend for one minute it is easy and hence I have been working on learning to be a minimalist. I do also appreciate the point about coming off the property ladder. It is not something to do lightly that's for sure!