Congrats on being only two years away! Your FIRE date will be here before you know it. You might like a more recent video about deciding on when to walk away from our jobs bit.ly/3j3ykdX
I have conversations with folks all the time since we retired. Most of them talk about how they could NEVER sit around, they would be to bored. Well, I wish I wasn't stuck in the house on lock down, but I have to confess, the whole not having to go to work and I can just relax and do whatever, has done wonders for my mind and body. I worked 32 years in IT and most of it was Production support and super stressful, and I never liked it, its just want the Marine Corps taught me when I went in. So leaving the Corp stress and not having to sit at a desk all day fixing prod issues is SOOOOOOOO freeing. Another awesome video!
It is such a misconception that retirees have nothing to do but to sit around the house! Freedom from the corporate world has allowed us to pursue all the activities and projects we had been putting off. So glad you are enjoying your freedom too. 😊
I love this! My husband and I sold everything in September of last year and started our own nomad journey. He retired at age 40 and I'm mostly retired (I get paid for my random passion projects, so is that retired?). It's so fun to see another young couple doing the same slow travel we are doing! Can't wait to follow your adventures! ❤️
Hi Carrie - Welcome to the channel and congrats on starting your own journey! Always great to hear from fellow nomads. Sure, you can do your passion projects and still be retired...that's part of the fun of being retired! 😊
Wonderful! You've got plenty of time to plan and dream. Hopefully you've seen our most recent video about discovering financial independence... bit.ly/3wzqJ9Z
Good job. So inspiring. I started when I was 50 years old, so I'm aware that I will have a though time reaching my FI number before I'm 65. But even if I don't make it all the way, my future looks much brighter than my original conventinal plan. My goal is beeing able to work part time from the age of 62 and still beeing able to continue to invest. Love from Jan
Hi Jan, thanks for sharing! It's never too late to get on the path towards FI and working part time is a great way to transition into a new chapter of life. We wish you every success along the way. 😀
Hi Jan, you are never to old to start. My parents are in a similar position, BUT I see it as still having 1 quarter of your life left. It will be worth it to spend it loving life. Good luck and you can do it!
We are doing the same as you. Retired early (end of last year), sold everything and started to travel full time. Unfortunately, our timing was horrible with this virus halting everything. We started by traveling across the US. Got as far as Greensboro, NC and are now hunkered down here at an Airbnb until we can get going again. Stay safe and we look forward to following your journey.
Thanks so much for watching and congratulations on your retirement! Of course, it's challenging time for all who want to travel. Like you, we plan to wait it out in an AirBnB until the borders open up again. Good luck with all your plans!
I stopped working in 2014, am in my 40s and live off my investments with no side hustles. I'm commenting here because I guess I wanted to share that early retirement is not all sunshine and wonderment. Its not been easy figuring out how to spend my days. I'm kind of to the point where I am considering going back to school or getting a job. In either case, it would be for a daily routine. I thought I would find something creative to spend most of my time on and nothing has quite stuck (or I just cant spend more than an hour on music or writing). Also, i have no answers to questions about what I find meaningful or what would give me purpose. Last, social, its tricky. Not a whole lot of folks around during the day (except at lunch time). Not saying these things are true or will happen to anyone else. Just what I have continuously come across since I left work.
Hi Brian - These are all excellent points and something we've also spent a lot of time considering. It can be very challenging to go from full-time work to full-time retirement without enough structure and purpose to give meaning to all your free time. We talked about this quite a bit in other videos...here's a recent one about how we find fulfilment in early retirement bit.ly/3mDzSuR
Love your channel. Truly inspirational. We're about 12 months from starting our nomad world-wide travel journey. We have our military and 401K pensions as well as Rental income for our properties in Orlando, Georgia and Punta Cana. Also also have our investments with the stock market and crypto currency. Thus financially don't think we'll have an issue. It's so helpful to hear you talk about budget around different countries. After all these years in the military and the private sector, it's a little intimidating to switch from investor/saving mentality to spender mentality. You have certainly opened our minds that it's definitely possible. Keep up the good work and thanks not only for sharing this valuable information but also for making us feel we'll be fine pulling the nomad trigger. Thank You!
Welcome to our channel - so great that you found us! It sounds like you are more than ready for retiring and your next big adventure in life. Of course, stepping away from a salary is a huge change. As you can probably tell from our videos, we're very happy to have started our new life of full time travel. Good luck with all your plans! 😊
Really cool to find your channel and videos! I am also a Canadian expat currently living and working the Cayman Islands in financial services, where I have been here for 8 years already! Living and working in a high income, low tax jurisdiction such as Cayman (or Singapore) really makes it possible to achieve Financial Independence much sooner than if I were back home in Canada. I like both of you, hope to 'retire' in the next 4-5 years, get away from my corporate job, decompress, and then spend time doing slow travel around the world, especially in low cost of living locations. It is really great to see you are making it happen!
Hi Costanza - So great to get your message! Congratulations on tapping into the expat path to financial independence. Moving to Singapore was really what supercharged our savings and made an earlier retirement possible, versus what we could achieve back in Canada. Best of luck with all your plans!
I’m a new subscriber ladies and I’m pleased I found your channel. My husband and I are planning to pull the trigger and hit early retirement. My husband is a bit unsure, therefore, making him watch your videos hopefully will give him more confidence to leave his job and wean him off from his addiction of acquiring more money.
I'm 5 months away from retiring early. I planned to leave the US in Oct and travel the world and teach Bikram Yoga. This Global Reset has me reassessing my plans. I'm retiring 1 Oct, but plan to relocate to a small studio apartment in DC, where I can be near two awesome Bikram Yoga Studios. I'm delaying my nomadic life until next year. Love your channel. I discovered you both yesterday.
Hi Kimberly, that's great news you are retiring in Oct - congratulations! One of the best parts of retiring is gaining flexibility to adjust your plans as situations change. Sounds like you will have a nice decompression from work before starting your nomadic life when the timing feels right. Enjoy the journey!
@@OurFreedomYears Thank you. I'm glad I discovered your channel. I really enjoy your videos. When researching a place are you always aware where the nearest vet is located? Also, so you have to avoid certain countries due to quarantine requirements for dogs?
Hi @@kimberlylalley7255 , glad you are enjoying! We only research vets if our dogs are due for something (like a vaccination) but so far haven't had any trouble finding one. We do read through google reviews to confirm whether english is spoken. As for quarantine, we don't plan to travel to any countries where it is required which sadly rules out Australia, New Zealand, and visiting our friends in Singapore where we lived for 6 years.
Thank you for this. I am a couple of months into my retirement and although it wasn’t early by any means, I am 64, the topics you talk about are still relevant - Will I have enough? Will i get bored? What will define me now etc. I thought I was the only one having these thoughts and every other retiree was just having a good time. Thank for sharing this. Much love from the UK.
Glad you found this helpful. These are the big questions that really weighed us down before retiring. However we found that once we left work, we never looked back! It turned out that life has so much more to offer than working at a desk every day! 😊
Great video, we are also working towards retirement within the next 3-5 years. Your stories are inspirations to us. Would like to know more about your travel and learn from your experience.
Thanks for tuning in! So glad you found it useful. 😊 We will continue our three part series next week with reflections on six months of slow travel. Hope you enjoy it.
Your videos are excellent. One small suggestion - if you get a plug-in lavaliere mike (can be a cheap one), your sound quality will be much better, making your videos even more watchable/less echoey. Just get one, and clip it to the shoulder facing the other person so you're both heard clearly.
Thanks for the tip! We are using a shotgun mic which is ok for us most of the time but a lav mic would have helped us cut through the major echo we had at our Lake Como accommodations. We will look to pick one up to manage the different sound conditions we deal with since we shoot in different AirBnbs. Glad you are enjoying our content. 😊
Wow, super inspiring. Well done girls. Love that you don't have any regrets and chose to focus on the special things life has to offer. Great channel, Subscribed!
Welcome to our channel! Glad you found us! You might enjoy one of our more recent videos on retiring early... ruclips.net/video/LwPMVCM2Ji8/видео.html 😊
Great videos and content Stephanie and Gillian! I'm glad I stumbled across your videos. My wife and I retired early (not as early as you both) at 55 and 57 respectively on May 31, 2019. An opportunity and need to care for my parents allowed us to temporarily modify our full time travel plans. We sold our home in California, got rid of 90% of our possessions and went north to my hometown to help my parents. We've taken a couple trips as my sister and I have started trading off in caring for our parents. I've watched all of your videos (today) except the two on traveling with dogs. I love dogs; we just won't be traveling with any. The content of a few videos I have found very helpful include the videos on How To Slow Travel and How To Budget For Slow Travel. I've used AirBnb for about a dozen stays in recent years. Even so, I value the advise on things to consider when selecting the perfect place. I hope you continue to provide more content in this area. Keep having fun and enjoying your slow travel experiences!
Hi Larri, congratulations to you and your wife on your early retirement! Thanks so much for sharing your story with us -- it means a lot to connect with others in the community. We are so glad you are getting value out of our videos. We will keep sharing our tips and costs for different destinations as we slowly make our way through Europe and beyond. Wishing you and your wife happy travels over the years ahead.
I am actually trapped here in Tbilisi for 7 months now.. I was supposed to retire this December but due to this delay I will have to extend it for 7 months also
Fellow Canadian expat here considering an early retirement. 6 months in is too early for the questions being asked. Most of the concerns wouldn’t happen yet. My biggest fear of early retirement is a Japan scenario, with negative returns for an extended time. I’m not sure how the military pension works, this could be the most important component for your retirement. OAS, CPP and GIS are in your future I guess. I’m also in a large age gap relationship and feel guilty retiring and wanting to spend more time traveling when my partners career is taking off. I’m also not so sure she will want the job of nurse in my declining years. She is fully committed but I’m a lot more of a logical/pessimistic person. Let’s just all hope we don’t have high inflation with zero or negative investment returns.
Hi Clay, these are all great questions. Although we're still only 18 months into early retirement we've certainly given a lot of thought to our lifelong financial picture. Having been expats for many years, we aren' t counting on any of the benefits you mentioned and I won't receive any military pension since I transferred the value into our own investments some years ago. We have a highly diversified global portfolio which is the best protection I know against inflation. As part of our risk management, we've planned a two phase approach where we will draw a larger income later in life to offset rising costs like healthcare. Here is a video you might find helpful ruclips.net/video/kcuaZ9Tniww/видео.html Wishing you all the best as you work through your plans for early retirement!
Hi Marvin - Welcome to the channel! We're glad you found us! You can check out one of our more recent videos here: ruclips.net/video/V4T476ZkUIw/видео.html 😊
In the U.S., health care is a massive detriment to early retirement, and it can quickly eat up thousands of dollars within a few days - or even millions! I empathize 100% with the "enjoy life while you're young" approach, and it's easier to face poor health after you've lived a good life, but how have you planned for medical expenses? What do you recommend for those who live in countries like the U.S., where health care is handled for profit and is a greater consideration than salary or income?
Hi Kandace, healthcare is definitely an important consideration for anyone planning their retirement. Of course, regardless whether you are still working or not, you need to be prepared for medical expenses that come your way. We put a lot of thought into our risk management plans, including a higher budget for these costs as we age, which we talk about in this video: ruclips.net/video/AcvR4_eS9Yo/видео.html
Thanks for this video! My goal is also to have the option to retire early at a young age should I choose to do so, but the biggest worry is always the "opportunity cost" of not saving and investing for one more year so it's fantastic to watch and hear from people that have achieved the goal of FIRE already and their experiences. Really appreciated. If you're ever visiting Doha, Qatar, please reach out! P.s. I had to subscribe when the sub rate was on 999. Congrats on hitting 1k!
Hi Liam - Thanks so much for watching. Really appreciate you helping to tip us over to 1K! Yes, the "one more year" syndrome is real...it was pretty hard to say goodbye to our paychecks. But we've been really happy with the decision to retire and haven't looked back since! Good luck with your journey in Doha -- great spot for achieving FI. 😊
Congratulations and I am so happy for you guys for FI. My question is healthcare especially you travel a lot. What do you have and is it not that expensive? What about 10-20 years from now before government subsidies. Maybe Canadians have different healthcare
Here's a video about our global health plan bit.ly/3hWbnFL Since we're Canadian citizens, we also have access to the public healthcare system. This will become more important as our healthcare needs become more complex later in life. Hope that helps!
Great video and so jealous of you two in Lake Como - I'd love to be there and touring the area on a Moto Guzzi! Also, I'm building your idea into my retirement approach of staying in a lower cost of living area to reduce spending and impact to portfolio for the long haul. Thank you for sharing! EW :)
That seems like an amazing way to see Lake Como! Sounds like you have a great plan taking shape for your retirement. If you want to see more about how our first year of early retirement went, you can check out our recent video bit.ly/2QeuIts 😊
@@OurFreedomYears , I was talking to my husband last night and I said " December is my THE month, lol". We had plans to start our travels in Asia in November of 2020, but with everything that's going on we should wait till next year.
Sounds like you will be off adventuring in Asia by 2021 for sure! A great thing about the nomadic lifestyle is the opportunity to spend more time in lower cost of living places...this is especially useful for years when the markets are down. Keep it up - you are almost there!
Hi Sharon - Thanks for finding your way to our channel! We have a recent video about how to get started with early retirement bit.ly/3s2RBOL Also, we offer a free 7-day course on the same topic with lots more detail bit.ly/3eBcvy4 Take a look and let us know if you have any questions! 😊
So Happy to hear this. Do you have a financial advisor and is yes, where did you find one? I currently invest on my own and when I researched to find an investor , they charged 1 to 1.5 percent of my entire portfolio. I thought that was way too much.
That does sound like a high charge! We don't currently use an advisor; we're self-directed investors. Here's a video that explains exactly how we invest -- it might have some good thought starters for you! bit.ly/2ANbkM0
three month already! finally at exact 50 ..could retire but I have this doubt .did i do right thing? should i go back to work? would i miss having a luxury life ! people around is not supporting either..calling you lazy ! so there is lots of doubt ....
It's natural to have some doubt and, of course, not everyone will agree with your path. We wish you all the best in making the right decision for you! 😊
Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@DarnellsStevenses Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@NebiheVergara Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@JasonsHortons The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
living off fixed income? what type of fixed income are you holding that pays that much? Intermediate Bonds are paying less than a percent at the moment...
Hi there, thanks for your question. Instead of the usual forms of fixed income, we invest in syndicated mortgages which have a higher return (and higher risk) than bonds or CDs. We share about it in this video: bit.ly/31Y4fUA
Subscribed! My bf and I are also on a FIRE journey (although I’m leanFIRE and he is FatFIRE so we will see how that plays out LOL). Life has so much to offer, and it’s the adventures that make life worth living!
Absolutely! Congrats on your FIRE journey. It's great you can encourage each other along the way and who knows... maybe you will both land somewhere in the middle! 😊
6 months is nothing ... talk to me after 10 years :-) ... the lack of interaction with others and lack of identity will hit you in cycles. I still think its worth it but after more than 10 years, I'm thinking about getting another degree or even getting a job again ... just for the fun of it!
Hi Rodney - These are great points -- thanks for sharing! Post-retirement is a long journey and will likely come with a few highs and lows. It's a great idea to take on a new endeavour that you find fun and interesting.
My wife & I are planning on retiring at 44 & 45! Love your videos!!!!
Congrats on the exciting plans! Wishing you good luck and happy planning as you work towards your goal. 😊
I am so happy to have found your video! I am only 2 years away from early retirement (around 40) and needed to hear from people who have done it!
Congrats on being only two years away! Your FIRE date will be here before you know it. You might like a more recent video about deciding on when to walk away from our jobs bit.ly/3j3ykdX
@@OurFreedomYears Thank you! I am also an expat in Singapore, when watching your videos, i really can understand your feelings 😂😂
@@max3334441 That's so great! We really loved our time in Singapore although it certainly wasn't easy to save money.
I have conversations with folks all the time since we retired. Most of them talk about how they could NEVER sit around, they would be to bored. Well, I wish I wasn't stuck in the house on lock down, but I have to confess, the whole not having to go to work and I can just relax and do whatever, has done wonders for my mind and body. I worked 32 years in IT and most of it was Production support and super stressful, and I never liked it, its just want the Marine Corps taught me when I went in. So leaving the Corp stress and not having to sit at a desk all day fixing prod issues is SOOOOOOOO freeing. Another awesome video!
It is such a misconception that retirees have nothing to do but to sit around the house! Freedom from the corporate world has allowed us to pursue all the activities and projects we had been putting off. So glad you are enjoying your freedom too. 😊
I love this! My husband and I sold everything in September of last year and started our own nomad journey. He retired at age 40 and I'm mostly retired (I get paid for my random passion projects, so is that retired?). It's so fun to see another young couple doing the same slow travel we are doing! Can't wait to follow your adventures! ❤️
Hi Carrie - Welcome to the channel and congrats on starting your own journey! Always great to hear from fellow nomads. Sure, you can do your passion projects and still be retired...that's part of the fun of being retired! 😊
Yes!!! We love your inspiring content! We are 5 years away from traveling!! We love our life now, but we are excited about our future!!
Wonderful! You've got plenty of time to plan and dream. Hopefully you've seen our most recent video about discovering financial independence... bit.ly/3wzqJ9Z
Good job. So inspiring. I started when I was 50 years old, so I'm aware that I will have a though time reaching my FI number before I'm 65. But even if I don't make it all the way, my future looks much brighter than my original conventinal plan. My goal is beeing able to work part time from the age of
62 and still beeing able to continue to invest. Love from Jan
Hi Jan, thanks for sharing! It's never too late to get on the path towards FI and working part time is a great way to transition into a new chapter of life. We wish you every success along the way. 😀
Hi Jan, you are never to old to start. My parents are in a similar position, BUT I see it as still having 1 quarter of your life left. It will be worth it to spend it loving life. Good luck and you can do it!
We are doing the same as you. Retired early (end of last year), sold everything and started to travel full time. Unfortunately, our timing was horrible with this virus halting everything. We started by traveling across the US. Got as far as Greensboro, NC and are now hunkered down here at an Airbnb until we can get going again. Stay safe and we look forward to following your journey.
Thanks so much for watching and congratulations on your retirement! Of course, it's challenging time for all who want to travel. Like you, we plan to wait it out in an AirBnB until the borders open up again. Good luck with all your plans!
I stopped working in 2014, am in my 40s and live off my investments with no side hustles. I'm commenting here because I guess I wanted to share that early retirement is not all sunshine and wonderment. Its not been easy figuring out how to spend my days. I'm kind of to the point where I am considering going back to school or getting a job. In either case, it would be for a daily routine. I thought I would find something creative to spend most of my time on and nothing has quite stuck (or I just cant spend more than an hour on music or writing). Also, i have no answers to questions about what I find meaningful or what would give me purpose. Last, social, its tricky. Not a whole lot of folks around during the day (except at lunch time). Not saying these things are true or will happen to anyone else. Just what I have continuously come across since I left work.
Hi Brian - These are all excellent points and something we've also spent a lot of time considering. It can be very challenging to go from full-time work to full-time retirement without enough structure and purpose to give meaning to all your free time. We talked about this quite a bit in other videos...here's a recent one about how we find fulfilment in early retirement bit.ly/3mDzSuR
Love your channel. Truly inspirational. We're about 12 months from starting our nomad world-wide travel journey. We have our military and 401K pensions as well as Rental income for our properties in Orlando, Georgia and Punta Cana. Also also have our investments with the stock market and crypto currency. Thus financially don't think we'll have an issue. It's so helpful to hear you talk about budget around different countries. After all these years in the military and the private sector, it's a little intimidating to switch from investor/saving mentality to spender mentality. You have certainly opened our minds that it's definitely possible. Keep up the good work and thanks not only for sharing this valuable information but also for making us feel we'll be fine pulling the nomad trigger. Thank You!
Welcome to our channel - so great that you found us! It sounds like you are more than ready for retiring and your next big adventure in life. Of course, stepping away from a salary is a huge change. As you can probably tell from our videos, we're very happy to have started our new life of full time travel. Good luck with all your plans! 😊
Really cool to find your channel and videos! I am also a Canadian expat currently living and working the Cayman Islands in financial services, where I have been here for 8 years already! Living and working in a high income, low tax jurisdiction such as Cayman (or Singapore) really makes it possible to achieve Financial Independence much sooner than if I were back home in Canada. I like both of you, hope to 'retire' in the next 4-5 years, get away from my corporate job, decompress, and then spend time doing slow travel around the world, especially in low cost of living locations.
It is really great to see you are making it happen!
Hi Costanza - So great to get your message! Congratulations on tapping into the expat path to financial independence. Moving to Singapore was really what supercharged our savings and made an earlier retirement possible, versus what we could achieve back in Canada. Best of luck with all your plans!
I’m a new subscriber ladies and I’m pleased I found your channel. My husband and I are planning to pull the trigger and hit early retirement. My husband is a bit unsure, therefore, making him watch your videos hopefully will give him more confidence to leave his job and wean him off from his addiction of acquiring more money.
Hi Rowena, welcome to our channel! I hope our videos can help inspire you both to move forward on your own path to freedom. Thanks for subscribing.😀
This is so inspiring! 😍🙏
Glad you think so! Thanks so much.
I'm 5 months away from retiring early. I planned to leave the US in Oct and travel the world and teach Bikram Yoga. This Global Reset has me reassessing my plans. I'm retiring 1 Oct, but plan to relocate to a small studio apartment in DC, where I can be near two awesome Bikram Yoga Studios. I'm delaying my nomadic life until next year. Love your channel. I discovered you both yesterday.
Hi Kimberly, that's great news you are retiring in Oct - congratulations! One of the best parts of retiring is gaining flexibility to adjust your plans as situations change. Sounds like you will have a nice decompression from work before starting your nomadic life when the timing feels right. Enjoy the journey!
@@OurFreedomYears Thank you. I'm glad I discovered your channel. I really enjoy your videos. When researching a place are you always aware where the nearest vet is located? Also, so you have to avoid certain countries due to quarantine requirements for dogs?
Hi @@kimberlylalley7255 , glad you are enjoying! We only research vets if our dogs are due for something (like a vaccination) but so far haven't had any trouble finding one. We do read through google reviews to confirm whether english is spoken.
As for quarantine, we don't plan to travel to any countries where it is required which sadly rules out Australia, New Zealand, and visiting our friends in Singapore where we lived for 6 years.
Thank you for this. I am a couple of months into my retirement and although it wasn’t early by any means, I am 64, the topics you talk about are still relevant - Will I have enough? Will i get bored? What will define me now etc. I thought I was the only one having these thoughts and every other retiree was just having a good time. Thank for sharing this. Much love from the UK.
Glad you found this helpful. These are the big questions that really weighed us down before retiring. However we found that once we left work, we never looked back! It turned out that life has so much more to offer than working at a desk every day! 😊
Great video, we are also working towards retirement within the next 3-5 years. Your stories are inspirations to us. Would like to know more about your travel and learn from your experience.
Hi Fred, thanks for reaching out. We are really glad to hear you are getting value from our videos. All the best on your continued journey!
Great video! Love the clarity of your presentation and Q and A on this one. Wow... the scenery is amazing.....
Thanks for tuning in! So glad you found it useful. 😊 We will continue our three part series next week with reflections on six months of slow travel. Hope you enjoy it.
Your videos are excellent.
One small suggestion - if you get a plug-in lavaliere mike (can be a cheap one), your sound quality will be much better, making your videos even more watchable/less echoey. Just get one, and clip it to the shoulder facing the other person so you're both heard clearly.
Thanks for the tip! We are using a shotgun mic which is ok for us most of the time but a lav mic would have helped us cut through the major echo we had at our Lake Como accommodations. We will look to pick one up to manage the different sound conditions we deal with since we shoot in different AirBnbs. Glad you are enjoying our content. 😊
Loving your videos and the depth of thought and clarity! Thank you.
Thank you so much for this feedback Sharon! We're really glad you got value from this video.
Wow, super inspiring. Well done girls. Love that you don't have any regrets and chose to focus on the special things life has to offer. Great channel, Subscribed!
Thanks so much! That's so great to hear. 😊
Great content. Really informative and nice delivery. I’m glad I stumbled upon your channel 👍🏼
Welcome to our channel! Glad you found us! You might enjoy one of our more recent videos on retiring early... ruclips.net/video/LwPMVCM2Ji8/видео.html 😊
Our retirement date: 8/12/2024! You ladies are awesome and inspirational!
Thanks so much! And it's so great to see a channel with a dog in a starring role. Good luck with your journey!
Congrats on your new life. Looking forward to future videos
Thanks so much Rene! We really appreciate the encouragement!
Congratulations on your early retirement, and kudos for sticking to your budget!
Thanks so much Nae! It's all about being really diligent with tracking our spending.
I am on Track...
Well done! Good luck on your financial journey 😊
Great videos and content Stephanie and Gillian! I'm glad I stumbled across your videos. My wife and I retired early (not as early as you both) at 55 and 57 respectively on May 31, 2019. An opportunity and need to care for my parents allowed us to temporarily modify our full time travel plans. We sold our home in California, got rid of 90% of our possessions and went north to my hometown to help my parents. We've taken a couple trips as my sister and I have started trading off in caring for our parents. I've watched all of your videos (today) except the two on traveling with dogs. I love dogs; we just won't be traveling with any. The content of a few videos I have found very helpful include the videos on How To Slow Travel and How To Budget For Slow Travel. I've used AirBnb for about a dozen stays in recent years. Even so, I value the advise on things to consider when selecting the perfect place. I hope you continue to provide more content in this area. Keep having fun and enjoying your slow travel experiences!
Hi Larri, congratulations to you and your wife on your early retirement! Thanks so much for sharing your story with us -- it means a lot to connect with others in the community.
We are so glad you are getting value out of our videos. We will keep sharing our tips and costs for different destinations as we slowly make our way through Europe and beyond. Wishing you and your wife happy travels over the years ahead.
You're both charming! Thank you for the honest look at life post-FIRE. It sounds like it suits you well.
Aw shucks, you are too sweet! Retirement has been everything we dreamed (and more) and we are truly grateful for the opportunity. Thanks for watching!
I am actually trapped here in Tbilisi for 7 months now.. I was supposed to retire this December but due to this delay I will have to extend it for 7 months also
Hi BG - That's very unfortunate -- hopefully your plans get resolved soon. 2020 has been an unusual year for everyone. Stay strong.
I don’t consider it retiring early. I call it providing a needed job opening for the next generation.
Hilarious! Our thoughts exactly! 😊
Fellow Canadian expat here considering an early retirement. 6 months in is too early for the questions being asked. Most of the concerns wouldn’t happen yet. My biggest fear of early retirement is a Japan scenario, with negative returns for an extended time. I’m not sure how the military pension works, this could be the most important component for your retirement. OAS, CPP and GIS are in your future I guess. I’m also in a large age gap relationship and feel guilty retiring and wanting to spend more time traveling when my partners career is taking off. I’m also not so sure she will want the job of nurse in my declining years. She is fully committed but I’m a lot more of a logical/pessimistic person. Let’s just all hope we don’t have high inflation with zero or negative investment returns.
Hi Clay, these are all great questions. Although we're still only 18 months into early retirement we've certainly given a lot of thought to our lifelong financial picture. Having been expats for many years, we aren' t counting on any of the benefits you mentioned and I won't receive any military pension since I transferred the value into our own investments some years ago. We have a highly diversified global portfolio which is the best protection I know against inflation. As part of our risk management, we've planned a two phase approach where we will draw a larger income later in life to offset rising costs like healthcare. Here is a video you might find helpful ruclips.net/video/kcuaZ9Tniww/видео.html Wishing you all the best as you work through your plans for early retirement!
Leveraging geographic arbitrage? GENIUS!!! So inspiring and motivating. Keep up the awesome job. Binge watching all your videos.
Thanks Deno - so great to hear!! We really appreciate it.
yes planning to retire at 45
Amazing! Good luck with your journey. And if you're looking for a little more motivation, you can check out this video bit.ly/3s2RBOL 😊
Great video and you both have such great attitudes!! I love your positive energy!
Thanks Stephen! We always try to look on the bright side and see the positive even when facing obstacles. Really glad you enjoyed our video!
Hello from a fellow Canadian👋 nice topic, you earned a subscriber
Hi Marvin - Welcome to the channel! We're glad you found us! You can check out one of our more recent videos here: ruclips.net/video/V4T476ZkUIw/видео.html 😊
This is good for few years, trust me
Great to hear - thanks!
Thanks for sharing - newly subscribed and can’t wait to follow your journey!
Thanks so much Charlotte for reaching out! We hope you enjoy. 😀
In the U.S., health care is a massive detriment to early retirement, and it can quickly eat up thousands of dollars within a few days - or even millions! I empathize 100% with the "enjoy life while you're young" approach, and it's easier to face poor health after you've lived a good life, but how have you planned for medical expenses? What do you recommend for those who live in countries like the U.S., where health care is handled for profit and is a greater consideration than salary or income?
Hi Kandace, healthcare is definitely an important consideration for anyone planning their retirement. Of course, regardless whether you are still working or not, you need to be prepared for medical expenses that come your way. We put a lot of thought into our risk management plans, including a higher budget for these costs as we age, which we talk about in this video: ruclips.net/video/AcvR4_eS9Yo/видео.html
Congrats! Look forward to seeing more videos!
Thank you -- that's so great to hear! Best of luck with your channel as well -- love the energy!
So glad you came across my suggested videos, subscribed. 😀
Hi B Squared - Great to hear and congratulations on launching your YT channel as well!
Thanks for this video! My goal is also to have the option to retire early at a young age should I choose to do so, but the biggest worry is always the "opportunity cost" of not saving and investing for one more year so it's fantastic to watch and hear from people that have achieved the goal of FIRE already and their experiences. Really appreciated.
If you're ever visiting Doha, Qatar, please reach out!
P.s. I had to subscribe when the sub rate was on 999. Congrats on hitting 1k!
Hi Liam - Thanks so much for watching. Really appreciate you helping to tip us over to 1K! Yes, the "one more year" syndrome is real...it was pretty hard to say goodbye to our paychecks. But we've been really happy with the decision to retire and haven't looked back since! Good luck with your journey in Doha -- great spot for achieving FI. 😊
@@OurFreedomYears Thank you. Looking forward to following along with your journey also.
Congratulations and I am so happy for you guys for FI. My question is healthcare especially you travel a lot. What do you have and is it not that expensive? What about 10-20 years from now before government subsidies. Maybe Canadians have different healthcare
Here's a video about our global health plan bit.ly/3hWbnFL Since we're Canadian citizens, we also have access to the public healthcare system. This will become more important as our healthcare needs become more complex later in life. Hope that helps!
Great video and so jealous of you two in Lake Como - I'd love to be there and touring the area on a Moto Guzzi! Also, I'm building your idea into my retirement approach of staying in a lower cost of living area to reduce spending and impact to portfolio for the long haul. Thank you for sharing! EW :)
That seems like an amazing way to see Lake Como! Sounds like you have a great plan taking shape for your retirement. If you want to see more about how our first year of early retirement went, you can check out our recent video bit.ly/2QeuIts 😊
Love finding the success stories channels to help keep me motivated. Excited to add you guys to my list
That's so great to hear! Thanks so much for watching. 😊
I love your freedom!
Thanks so much! It took a lot of years of planning so we're certainly taking the time to be grateful for it now.
@@OurFreedomYears , I can't wait for my freedom years! Thanks for replying to my comment :))
Good luck with all your planning!
@@OurFreedomYears , I was talking to my husband last night and I said " December is my THE month, lol".
We had plans to start our travels in Asia in November of 2020, but with everything that's going on we should wait till next year.
Sounds like you will be off adventuring in Asia by 2021 for sure! A great thing about the nomadic lifestyle is the opportunity to spend more time in lower cost of living places...this is especially useful for years when the markets are down. Keep it up - you are almost there!
Yes, I am considering early retirement but honestly I have so many questions and don't know where to start.
Hi Sharon - Thanks for finding your way to our channel! We have a recent video about how to get started with early retirement bit.ly/3s2RBOL Also, we offer a free 7-day course on the same topic with lots more detail bit.ly/3eBcvy4 Take a look and let us know if you have any questions! 😊
So Happy to hear this. Do you have a financial advisor and is yes, where did you find one? I currently invest on my own and when I researched to find an investor , they charged 1 to 1.5 percent of my entire portfolio. I thought that was way too much.
That does sound like a high charge! We don't currently use an advisor; we're self-directed investors. Here's a video that explains exactly how we invest -- it might have some good thought starters for you! bit.ly/2ANbkM0
Good Job
Cheers from Calgary
Hi Rodrigo - Thanks so much! Always great to hear from someone in Canada! 😊
I'm watching now but hope you add a 4th...the nitty gritty of how you stay so fit on the road! :)
That's a great suggestion! We will definitely consider doing a video on that topic soon.
Hey, good to see you here :)).
three month already! finally at exact 50 ..could retire but I have this doubt .did i do right thing? should i go back to work? would i miss having a luxury life ! people around is not supporting either..calling you lazy ! so there is lots of doubt ....
It's natural to have some doubt and, of course, not everyone will agree with your path. We wish you all the best in making the right decision for you! 😊
Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@DarnellsStevenses Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@NebiheVergara Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@JasonsHortons The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@NebiheVergara Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
I retired at 55,no regrets.
Excellent! We're now a year and a half into our retirement and still loving it. Here's how we're spending our time while we travel... bit.ly/3mDzSuR
@@OurFreedomYears Good for you.
living off fixed income? what type of fixed income are you holding that pays that much? Intermediate Bonds are paying less than a percent at the moment...
Hi there, thanks for your question. Instead of the usual forms of fixed income, we invest in syndicated mortgages which have a higher return (and higher risk) than bonds or CDs. We share about it in this video: bit.ly/31Y4fUA
Subscribed! My bf and I are also on a FIRE journey (although I’m leanFIRE and he is FatFIRE so we will see how that plays out LOL). Life has so much to offer, and it’s the adventures that make life worth living!
Absolutely! Congrats on your FIRE journey. It's great you can encourage each other along the way and who knows... maybe you will both land somewhere in the middle! 😊
If you found this video helpful and want more on financial independence and early retirement, click here to subscribe: bit.ly/2UtXF4d
6 months is nothing ... talk to me after 10 years :-) ... the lack of interaction with others and lack of identity will hit you in cycles. I still think its worth it but after more than 10 years, I'm thinking about getting another degree or even getting a job again ... just for the fun of it!
Hi Rodney - These are great points -- thanks for sharing! Post-retirement is a long journey and will likely come with a few highs and lows. It's a great idea to take on a new endeavour that you find fun and interesting.