You may not have money at the time, but you had each other - believe me, it makes all the difference. I am an immigrant who came to Canada in her thirties with a small child. Within two years, I had to start all over again, becoming a single mother. I am retired now and living a comfortable life, but I know, that with a partner like you are to each other, I could move the mountain. 😊
We did the same thing! Paid ourselves, paid off our mortgage on a small house fast (no big vacations), sold the house and reinvested, paying cash for our next place, maintained and renovated as we could afford it, then did it again! Everything sold now, retired at 53 with a decent pension, big savings in the bank, and bought a very modest, easy to maintain, small home cash.
It’s fantastic that you planned it out, we did very similar things, owning eight homes in total over our married life, then cashed in. Have a wonderful retirement.
Great story! My wife and I also live in Ontario and retired 3 years ago. We're 58 and 57 now. She also read the Wealthy Barber many years ago and, much like you two, we paid ourselves first and helped put our two kids through university. In addition to investing in somewhat disappointing mutual funds, we used the equity in our home to buy more real estate. First buying a rental house and then a commercial building which we kept rented for 13 years and then sold it for FIVE times what we paid for it.
We started saving at 40 in our 401k and the last 10 years have maxed our contributions with catch up when we became eligible. We are 56 and have over a million saved. So, it certainly can be done! We plan to retire in 1-2 years. I am writing these to encourage couples who are in their 40’s and may feel it’s to late to make a difference
You are so relatable. I read the Wealthy Barber as well, and it showed me and my husband that you didn’t have to have a high paying job to retire very comfortably. We were fortunate enough to retire at 55 as well because of paying ourselves first too. We always bought used vehicles and went on modest vacations with our children yearly. 🙌🙌
OMG! Almost every video I watch by you has something in common with the way my husband and I live our lives, and I remember buying the wealthy barber book and reading it several times from cover to cover, over the years I forgot that I was following his ideas and not mine, we are at a comfortable place in our lives financially at the age of 67 and 69.
You two have an impressive story, raising 2 kids and owning nice homes and still retiring early. I also retired at 55, I'm 60 now. Never married though, no kids. Just took advantage of my jobs 401ks, lived minimally and invested my after-tax money, around 55 I realized I was never going to spend what I'd accumulated, so why keep working? I love the freedom of not working, but I'm still trying to figure out what to do with myself. Sorry for the ramble, good show guys 🙂
It is difficult trying to find something, we based a lot around our life long hobby of photography and that got us into producing editorial stock photos then video and now RUclips. Along the way learning new photo skills, editing and not forgetting teaching ourselves financial planning. Try and stay curious to learn something or follow current affairs, if you were a good student learn something new. We really appreciate your support of our channel, have a nice weekend.
Great advice. My retirement was enabled by similar strategy. So many people just continue to upgrade their lifestyle as their career becomes more profitable and never get around to saving and investing for retirement. The best thing I ever did was, when I got to a comfortably acceptable standard of living, all of the increases gained in my salary went towards savings and investment. The funny thing is, it begins to add up surprisingly quickly. Then when you look at your statements, it becomes even more motivation to save even more.
We agree with this completely. It’s like whenever you make more money, people tend to spend more and more. We chose to live as if we were making one salary even when we had 2 salaries coming in and use the rest to invest instead of just wasting it on material things that weren’t really adding value to our lives. And now I’ve been a stay at home mom for the past 5 years, my husband just retired last year at 38 and we reach a million in net worth last year too! A little sacrifice goes a long way!
I did something similar, had a job I loved and it was the best I have been paid. We were able to manage our own pension payment so I ramped this up to approx 30% of my salary. Sadly made redundant during Covid and struggled to get a job aged 60, new job 60% of what I was being paid but luckily when I moved 5 years ago because of my age needed to clear all loans / cards etc we had. Best thing I have ever done stress free regarding finances, inherited money used to boost pension, reduce mortgage and also bought a buy to let property. At present I won’t be retiring early unless new job does not work out, but funding in place we are ok
Congratulations on your early retirement story I have only just found your channel 😊. My husband and I are working towards an early retirement we plan to retire the end of next year and travel can’t wait! We are in Australia and with all the crazy cost of living at present i sometimes second guess myself.
Wonderful story! Harkening back to a time in Canada when young families could work hard, buy a house, provide a higher education for their children and save for early retirement. The Canadian dream. ❤ My wife and I were able to do the same for our two daughters which allowed them to embark on successful careers. Canada is going through a rough period at present and one can only hope the ship will be righted sooner, rather than later.- Mike from Ottawa👍
Really love hearing your story. Like you, my wife and I funded our retirement the same way. We also came in the 90s from the Philippines. Last year, we sold our house and moved to a condo. Great job in sharing your story. All the best for both of you.
Great advice. I live in the UK and walked away from the treadmill of existence at 48. Bought a property at auction in 1999 and sold a year later for a profit of 20%. Did the same thing a couple of times during the following 10 years - buy then sell (never rented though). I am on my final detached property in Snowdonia (bought at auction) in 2016. Now worth more than double what I paid. Going to sell and cash in the 3 properties I now own outright and live the good life with my son at his property in Paderne, Algarve (which he bought at auction).Yes, I am now 69 and it's been hard work but I have enriched myself not some boss. If one has the years ahead of them get on the housing ladder and do whatever it takes. Tip: Don't forget to also drip feed some capital into high dividend yielding blue chip stocks.
Great story Steve thanks for sharing we wish you well with your son in the Algarve , selling our home gave us the resources to take early retirement Cheers 🍷🇬🇧🍺🇵🇹🇨🇦
As always, informative and charming to watch! It's so valuable to hear others' stories versus talking-head experts. Nothing beats real-life experience. Thanks!
Thank you your story. We were lucky enough to to find and read the Wealthy Barber when we were just starting out too. We made sure we gave our kids this book when they hit their 20’s. We are looking retiring in the next year as well - at 57!
My husband retired at 58, and I at 53. Our story is similar. Bought and sold a number of starter homes and 21 years at our current home we are about to sell for almost double what we bought it for. Lots in investments, no debt, & our 3 kids graduated college with no debt.
So glad you both did so well! Both of our children just bought homes - one in Oshawa and one in Georgetown. Unfortunately they both were over $800,000!! Both kids had first owned condos and I know they have put the excess they got from the sale of those into these houses but still - it’s so scary! Don’t know if their lives will ever be as good!
It is crazy the price of houses 🏡 at the moment , also means first time buyers won’t be able to get in on the market which is a shame but congrats to both your children . Thanks for watching Sheryl have a great week Cheers 🍷🌻🙂
We did the same, paid mortgage off in 40s, then saved, saved, saved. Bought 2 rentals cash in downturn, 3 million portfolio came to USA w $2k. Reg jobs.
Keeping your eyes on the prize both figuratively and literally! You are poster kids for living free of debt. It is great you planned for the time you would end working and begin another chapter of your life. My partner and I lately have started talking about the "R" word. I'm 64 he is 56. We both enjoy our work--I'm a commercial photographer and he is a photo set designer and prop stylist--but just last night driving back from a job with a tricky client he turned and said "maybe we should retire". We have the funds to retire (with no debt and ancillary income) but we enjoy our work so I'll have to see how frequently this topic starts to come up in the near future.
Personally when one says “ maybe we should retire” you need to have a very frank discussion with each other especially if you have adequate funds 💰. You can’t buy time or health we just did a video called Reality of Retirement it would be a good one for you watch together especially as you are 64 . In our case Tina is 64 and Norm is 65 , we took early retirement at 58 and 60 and it gave us a brand new chapter in our lives and we have never looked back .Thanks for watching and have a great weekend Cheers 🍷🌺🍺
I wish I could have had more time to plan our retirement. It was forced on us during the housing crash of 2008 thru 2015 or so. I struggled for 3 years working 4 months a year and finally I decided to change careers. There was no end in sight to the recession.I retired to get my pension and go back to school and got my C.D.L. classA drivers license. I went into driving a semi tractor/trailer (Big Rig) or 18 wheeler. That's what saved us from loosing everything. I always tell people that I'm semi retired. The great thing about it is that there's no age limit. There is about a 20% shortage of experienced drivers so there is a great demand for drivers. You get paid to see the country. I can be a short term snow bird in the winter by taking loads from the north to the south. From snow on the ground to 🌴 palm trees in a few days. Almost like spring break.
Wow thanks Deborah for the compliment, glad you enjoyed it and our flash back photos, hope you are keeping well and have a wonderful weekend Cheers 🍷🌺🍺
I just found your channel and are enjoying watching. What caught our eye was the video on a staying in Portugal, as it is something we would like to do. Keep enjoying life and happy travels.
Thanks for watching we love visiting Portugal 🇵🇹 especially over the winter months , we are really enjoying our life in retirement have a wonderful week Cheers 🍷🇵🇹🇨🇦🍺
The world would be so much a better place with more couples like you. Whenever I say the late 80s, I always say the Kate Adies! Just a little bit of trivia.
Awesome job! I plan to be semi retire in two year when I turn 50. I already paid off my house and only have to worry about bills. Have a very healthy 401k and other investments. I did get to do all kinds of traveling in my 20's to Europe. Can't wait to do it again when I semi retire. I plan to fully retire when I turn 55.
Thanks for sharing your personal experiences about this important topic. I'm in my early 50s and pretty much have been on a similar path as you and that's why I love watching your videos. Funny enough, it was your love for Portugal (I'm from the Azores but live in Canada) that got me interested in your initial videos but listening to your financial plan has helped confirm to me that I've been on a right path with my plans which is so similar to yours. This makes me feel good! Thank you.
We are very fortunate Barbara we are on the same page , we married young and always had the plan to share a life after kids in retirement .Think the secret is we enjoy each other’s company and love ❤️ being together Cheers 🍷🌺
We came to Canada in our 36 and 31 from a non-English speaking country. For the first 10 years, we are struggle to find decent job and have to work low paying casual jobs and can barely feed ourselves. We can't save any money and have to fund our university study in Canada. My wife going back to university first and graduate in her 36. I graduate in my 46. Now, I become a professional engineer and my wife a certified accountant. We save up like crazy in order to be able to fund our retirement. In 10 years since we both work, we managed to pay off 2 houses and save up $700,000 retirement fund and $70,000 education fund for child. During last 10 years, we probably save an average of $100,000 per year if include mortgage principle. I am thinking of taking a early retirement at 60 in couple of years. I expect we will have a paid off house and 1.2 million retirement fund by then.
Wow that’s wonderful Tommy sounds like you have worked really hard to build a good life here in Canada 🇨🇦 we hope you have a lovely retirement Cheers 🍷🌺🍺🙂
I just want you to know I enjoy your channel so much. I am not sure why RUclips recommended you to me, but I am sure glad it did, even if I’m (probably) outside the demographic-I’m not married, I’m not quite 40, I’m American…. But I love hearing your stories, and I’ve subscribed so I don’t miss any of them. Thank you both for being you and doing what you do. 👍😁👍
The Wealthy Barber also got me started years ago. I was still in my early 20s. Been investing/saving ever since! Love your channel. I'm only 50 and far from retirement but you inspire me!
My wife & I were gifted a copy of The Wealthy Barber book a couple of years after we started our careers. Enthused by its message that we could do well (like the barber) even on a modest income if we'd just do a few things right, we focused our early years together on saving & investing. In those early years we likely invested close to 40% of our relatively modest income. The rate slowed down when we had our first mortgage but we focused all the spare money we had at paying down the 7% mortgage. We were able to pay off the house in seven years and then focus on raising our kids. The lessons the Wealthy Barber had taught us really helped us financially "get ahead of the eight ball" without much effort on our part. I retired at age 57 and my wife did at age 55. I'm now 60 and a prized possession is my signed copy of The Wealthy Barber.
An old friend told me he retired at 50 . He invested money for 25 years , than had enough to retire . So at the age of 30 i started to Scrimp , save and invest . Luckily i had enough to retire at 49 years old .
It’s great to hear you only started on this at 38 and retired by 55, that’s impressive. I’m 43 and would love that, we got a house in the recession and should be out of the mortgage in a few years🤞 My husband is Portuguese so hope to do what you did and spend our time between there and Ireland. Thanks for the hope that it’s possible🙏 🇮🇪🇮🇪🇮🇪
I am near 38 now and working hard to make sure my wife and I have as little stress from finances as we get older. I love your message and really enjoy your journey.
I agree w the comments. You stayed together. I have not been so lucky. Having to give away half my assets 3 times has been devastating....being the breadwinner in each. So I am retiring at 55....just with lower expectations.
That’s unfortunate financially and emotionally, we had some financial issues emigrating where we lost a lot of money selling our house and possessions. We hope you have a good retirement and thanks for watching our video.
We also did the transatlantic move - much later in life then you guys though. Thanks for sharing your story. You are lovely people - enjoy your retirement 🥰
I read the wealthy barber in the early to mid 90s and followed his advice and then in my early 40s life got in the way, sigh, I try not to think about what could have been, now in my late 50s and still working I am starting again. I have nearly wiped out my debts, am helping my daughter with College ,as my parents did for me, and I dream about a modest retirement in sunny Portugal.
@@ThisIsOurRetirement My refrain is "your at where you're at" I am just trying to do the best I can and press forward. Thanks for your channel and your positive messages
I will forever appreciate you This is our retirement. You’ve helped my family a lot, since the pandemic till now your advices and lessons are inspirational and helpful to us. My Husband and I have been able to be minimal, conscious in spending, saving and investing wisely. We have been able to earn on a weekly basis and it helps the family a lot. You’re such a blessing to this generation. We all love ❤️😊
Hi Alice thanks for a lovely comment and we are glad that sharing our life experiences is helping your family. Hope you are staying safe and have a nice summer Cheers 🍷🍺🌞🤗
@Maria Augustine Thanks for watching Maria and we are pleased that what we sharing is helpful to you and your family. We hope you have a great day Cheers 🍷🍺🌺
@@maxwelljoshua7804 I can share some that helped me.. 1. Pay yourself first. Save part of your monthly income as soon as you get it, rather setting aside whatever's left over. ... 2. Save for emergencies. ... 3. Spend less, save more. ... 4. Lose a habit, gain some savings. ... 5. Get creative making more money. ... 6. Baby-step your way to saving. ... 7. Allocate your assets. ... 8. Understand investment costs.
Love watching you sweet couple. We’re in the US and we really enjoy your channel. I love how she says “Norm”😍. Selling off a paid for home and investing so it “can make the fruit you’ll pick later” is a great way🤗
Thanks for your videos. So reflects our own retirement philosophy and experience. One thing we notice is that you have lots more money saving opportunities than we do in Oz. Still we enjoy a great quality of life which compensates :)
Yes we do feel that we are well looked after in Canada 🇨🇦, which helps us too have great quality of life , you live in a beautiful country too 🇦🇺glad you are enjoying your retirement Cheers 🍷🇦🇺🍺🇨🇦
Great video again, guys. But Norm, I have a question. In moving to Canada at 38 and then retiring at 55, did you work enough years to earn a decent CPP? I'm interested because I worked in Canada about 20 years before moving overseas.
Love your common sense approach. I too worked to be mortgage free and have made the same quality investments. The last ten years have been happily travelling too.
Given the circumstances of your situation with the challenges of inflation, interest rates, property crashes and you got to 55 and retired, you guys have done very well. Congratulations 👏 Happy Mother’s Day Tina.
Hi Peter and JoJo nice to see you both glad you enjoyed it and thanks for the Mother’s Day wishes that’s very sweet of you ❤️ hope you are both staying safe and keeping well we are still in Lockdown till May 20th 😱but then we are hoping to go to our new trailer fingers crossed 🤞.Enjoy your weekend Cheers 🍺🇦🇺🍷🇨🇦🌸
@@ThisIsOurRetirement It was a tough time when we were in lockdown, but the future is looking up for you and look forward to your adventures when you are out and about again. 🤗 😘
Thanks so much for your clear and useful information. We could really relate to your situation. We did similarly and are now ready to retire and eventually downsize. We think one thing that could be added to this discussion you presented today is the value of being a couple and staying together. Many of our friends who were on a good path to financial independence did not make it because they broke up. That caused them to liquidate whatever they had managed to accumulate and they ended up much less fortunate financially. While we are not advocating staying in a truly toxic relationship, we feel that nowadays couples are much more prone to give up under the slightest amount of pressure rather than seeking help and perhaps saving the relationship. Single people in Canadian society have a far harder time carving out a financially independent future, and there is something to be said for the teamwork approach.
Thanks for watching being in a good relationship is the best asset you can have in having a wonderful retirement, it is a shame that it doesn’t work for everyone enjoy your weekend Cheers 🌺🍷🍺
Thank you for sharing...you definately can make it in Canada if you work hard!!...I came with 3 suitcases and 2 kids. Im not wealthy but doing better than I would have if Id stayed in England.
We got married at 41-30 with nothing. Bought a modest home, moved up several times, saved 10% plus along the way. Now at 76-66 we are retired with 4 paid off homes, no debt and leisurely retirement. It can be done!
My husband and I have done a similar thing but we started out with two divorces when we got together so not a lot of money between the two of us. We were basically starting from scratch. However, we also each put money directly into savings accounts, TFSA's RRSP's every week and like you we didn't miss the money, we adjusted our life style to it. The one good thing that helped us was my husband sold his company and was paid in cash and we were able to buy a condo with a reasonably small mortgage which we still have. As long as you pay yourself first you will have no trouble saving for retirement. I only worked in retail and was still able to save over $35,000 in 10 years before I retired. It can be done.
I set a reminder on my phone for this, even though I've got notifications enabled. :) (Thumbs up for the DOORS!!! :) ) eta love the throwback photo of you two!
I retired at 46. Because I paid myself first. Now l look after my 75yo Schizophrenic mother full-time as her Carer. She also has skin cancer and Arthritis in her legs and can't walk at times. I now get the Carer Pension and Carer Allowance fortnightly from Centrelink (Social security) to look after her here in Australia. In my free time, l attend my Japanese University courses online.
Paying yourself first is generally good advise, even though I’ve never read the book. Our method of doing this was through automatic RRSP payroll deductions. Now we have a very good amount of capital for retirement and don’t even need to touch the home equity for a very long time, if ever. Of course, not having children to raise and educate was a big advantage as well.
That is not talked about very, NOT having children. I understand why people do it, my parents did. But financially it must be so draining. I could never face that level of responsibility on top of all other adult responsibilities in life as well. I was lucky and knew I would never have children when I was 16 years old. Friends laughed. Guess what? 58 and no kids.
Thanks Tina and Norm for another great video! You really hit the nail on the head - Pay yourself first! My story is similar to yours. When I was almost 40, I started to put in 10% in my company's 401K program (now I put in 25%) and put money into dividend paying stocks (which get re-invested). Paid off the house 2 years ago. I'm now 60 and retiring in 16 months (maybe earlier). Wife is already retired. I can't wait!
Hello, we’re in our 40s and were doing well with retirement planning and then the interest rates threw us a curveball and now they’re draining our savings plus not allowing us to save much. How does one recover?
Please subscribe to our channel it's free! 👍
You may not have money at the time, but you had each other - believe me, it makes all the difference. I am an immigrant who came to Canada in her thirties with a small child. Within two years, I had to start all over again, becoming a single mother. I am retired now and living a comfortable life, but I know, that with a partner like you are to each other, I could move the mountain. 😊
We do realize that if you have the right partner it really helps and for that we feel really lucky, we wish you well in your retirement Cheers 🌺🍷
We did the same thing! Paid ourselves, paid off our mortgage on a small house fast (no big vacations), sold the house and reinvested, paying cash for our next place, maintained and renovated as we could afford it, then did it again! Everything sold now, retired at 53 with a decent pension, big savings in the bank, and bought a very modest, easy to maintain, small home cash.
It’s fantastic that you planned it out, we did very similar things, owning eight homes in total over our married life, then cashed in. Have a wonderful retirement.
Great story! My wife and I also live in Ontario and retired 3 years ago. We're 58 and 57 now. She also read the Wealthy Barber many years ago and, much like you two, we paid ourselves first and helped put our two kids through university. In addition to investing in somewhat disappointing mutual funds, we used the equity in our home to buy more real estate. First buying a rental house and then a commercial building which we kept rented for 13 years and then sold it for FIVE times what we paid for it.
Sounds like you are enjoying a wonderful retirement earned by some great financial decisions Cheers 🍺🍷🌺
We started saving at 40 in our 401k and the last 10 years have maxed our contributions with catch up when we became eligible. We are 56 and have over a million saved. So, it certainly can be done! We plan to retire in 1-2 years. I am writing these to encourage couples who are in their 40’s and may feel it’s to late to make a difference
That’s wonderful Joan thanks for sharing we wish you a very happy retirement Cheers 🍷🌺🍺
Thank you…I needed to hear this great story!
@@andreawatkins7145 Thanks for watching have a great weekend Cheers 🍷🍺🌺
One million dollars in only 16 years. Simply unbelievable!!!!! WOW
Is that a million for the both of you, or 1 million each?
You are so relatable. I read the Wealthy Barber as well, and it showed me and my husband that you didn’t have to have a high paying job to retire very comfortably. We were fortunate enough to retire at 55 as well because of paying ourselves first too. We always bought used vehicles and went on modest vacations with our children yearly. 🙌🙌
That’s the text book way of doing it Deborah, worked for us too glad you were able to retire at 55! Wishing you both the best. 😀😀
OMG! Almost every video I watch by you has something in common with the way my husband and I live our lives, and I remember buying the wealthy barber book and reading it several times from cover to cover, over the years I forgot that I was following his ideas and not mine, we are at a comfortable place in our lives financially at the age of 67 and 69.
That is awesome Carolyn, thanks so much for watching.
You two have an impressive story, raising 2 kids and owning nice homes and still retiring early. I also retired at 55, I'm 60 now. Never married though, no kids. Just took advantage of my jobs 401ks, lived minimally and invested my after-tax money, around 55 I realized I was never going to spend what I'd accumulated, so why keep working? I love the freedom of not working, but I'm still trying to figure out what to do with myself. Sorry for the ramble, good show guys 🙂
It is difficult trying to find something, we based a lot around our life long hobby of photography and that got us into producing editorial stock photos then video and now RUclips. Along the way learning new photo skills, editing and not forgetting teaching ourselves financial planning. Try and stay curious to learn something or follow current affairs, if you were a good student learn something new. We really appreciate your support of our channel, have a nice weekend.
Hope you find that feeling of purpose soon 😊
I just love you two beautiful souls. The positive vibes are just wonderful. Thank you for sharing your journey 💕🇨🇦
Thank you so much! enjoy your weekend Cheers 🌺🍷🍺
I love listening to you both reminiscing, and giving the rest of us good ideas. An excellent channel idea. Thank you for your cheerfulness, too.
Thanks for watching enjoy your sunny 🌞 weekend Cheers 🥂
I was 29 when I read the wealthy barber. It was life changing….and I am still reaping the benefits.
Awesome book 📖👏
Great advice. My retirement was enabled by similar strategy. So many people just continue to upgrade their lifestyle as their career becomes more profitable and never get around to saving and investing for retirement. The best thing I ever did was, when I got to a comfortably acceptable standard of living, all of the increases gained in my salary went towards savings and investment. The funny thing is, it begins to add up surprisingly quickly. Then when you look at your statements, it becomes even more motivation to save even more.
Great comment thanks for sharing it’s amazing how quickly a small amount can mount up so quickly hope you have a great weekend Cheers 🌺🍷🍺
We agree with this completely. It’s like whenever you make more money, people tend to spend more and more. We chose to live as if we were making one salary even when we had 2 salaries coming in and use the rest to invest instead of just wasting it on material things that weren’t really adding value to our lives. And now I’ve been a stay at home mom for the past 5 years, my husband just retired last year at 38 and we reach a million in net worth last year too! A little sacrifice goes a long way!
I did something similar, had a job I loved and it was the best I have been paid. We were able to manage our own pension payment so I ramped this up to approx 30% of my salary. Sadly made redundant during Covid and struggled to get a job aged 60, new job 60% of what I was being paid but luckily when I moved 5 years ago because of my age needed to clear all loans / cards etc we had. Best thing I have ever done stress free regarding finances, inherited money used to boost pension, reduce mortgage and also bought a buy to let property. At present I won’t be retiring early unless new job does not work out, but funding in place we are ok
Congratulations on your early retirement story I have only just found your channel 😊. My husband and I are working towards an early retirement we plan to retire the end of next year and travel can’t wait! We are in Australia and with all the crazy cost of living at present i sometimes second guess myself.
That is awesome! welcome to our channel have a great weekend Cheers 🇦🇺 🍷🇨🇦☕️
You guys sound like my husband and I . We came in 1988
We are debt free with a chunk of money in the bank
Good advice
Live within your means
Thanks for watching have a great weekend Cheers 🌺🍷🍺
Wonderful story! Harkening back to a time in Canada when young families could work hard, buy a house, provide a higher education for their children and save for early retirement. The Canadian dream. ❤ My wife and I were able to do the same for our two daughters which allowed them to embark on successful careers. Canada is going through a rough period at present and one can only hope the ship will be righted sooner, rather than later.- Mike from Ottawa👍
Yes Mike we agree, Canada has been great to us but recently we do worry for our Grandchildren, if they will be able to buy a house.
@@ThisIsOurRetirement 👍🍺🏒🥅
I nearly left when I saw your "modest" house, thought this couldn't be for me, but I'm sticking with it!
So glad you enjoyed it have a wonderful weekend Cheers 🍺🍷🇨🇦🙂
Really love hearing your story. Like you, my wife and I funded our retirement the same way. We also came in the 90s from the Philippines. Last year, we sold our house and moved to a condo. Great job in sharing your story. All the best for both of you.
That is awesome! 🙂
Love watching your vlogs, it feels like i know you both for so many years:)
😊 thank you glad you enjoy them have a great week Cheers 🌻🍷🍺
Such a beautiful couple with great personality and wisdom ! Watching both of you convinced me that life is beautiful.
Wow, thank you!
Great advice. I live in the UK and walked away from the treadmill of existence at 48. Bought a property at auction in 1999 and sold a year later for a profit of 20%. Did the same thing a couple of times during the following 10 years - buy then sell (never rented though). I am on my final detached property in Snowdonia (bought at auction) in 2016. Now worth more than double what I paid. Going to sell and cash in the 3 properties I now own outright and live the good life with my son at his property in Paderne, Algarve (which he bought at auction).Yes, I am now 69 and it's been hard work but I have enriched myself not some boss. If one has the years ahead of them get on the housing ladder and do whatever it takes. Tip: Don't forget to also drip feed some capital into high dividend yielding blue chip stocks.
Great story Steve thanks for sharing we wish you well with your son in the Algarve , selling our home gave us the resources to take early retirement Cheers 🍷🇬🇧🍺🇵🇹🇨🇦
As always, informative and charming to watch! It's so valuable to hear others' stories versus talking-head experts. Nothing beats real-life experience. Thanks!
Glad you enjoyed it!
Another amazing video! Thanks! I retired a few years ago, your videos are very educational!
Glad you like them! Cheers 🙂🌺
Great story! Pay yourself first instead of investing with what's left. What's leftover never happens
It’s funny but pay yourself first and it’s amazing how things will grow 💰have a great week Cheers 🍷🌸🍺
Great story. Amazing how one book can set the direction of life.
It really is! have a wonderful day Cheers 🍷🌺🍺
Thank you your story. We were lucky enough to to find and read the Wealthy Barber when we were just starting out too. We made sure we gave our kids this book when they hit their 20’s. We are looking retiring in the next year as well - at 57!
It’s a great book perfect age to retire we wish you well enjoy your weekend Cheers 🍷🌸🌞
Great story...Thank you both for sharing!
Glad you enjoyed it!
Very inspirational 👌🏻
Thank you 🙌
Absolutely awesome! Good for you and thanks for sharing!
Our pleasure! enjoy your week Kimmy Cheers 🍷🌺😎
Thank you for the privilege of hearing your story - it is really helpful
Our pleasure thanks for watching glad you enjoyed it have a great week Cheers 🍷🌺🍺
My husband retired at 58, and I at 53. Our story is similar. Bought and sold a number of starter homes and 21 years at our current home we are about to sell for almost double what we bought it for. Lots in investments, no debt, & our 3 kids graduated college with no debt.
That’s wonderful thanks for sharing Cheers 🍷🌺🍺
Bollocks
Great story very similar to our. Wish you good luck and enjoy your travel
Thank you! You too! have a great week Nana cheers 🍷🌺🍺
So glad you both did so well! Both of our children just bought homes - one in Oshawa and one in Georgetown. Unfortunately they both were over $800,000!! Both kids had first owned condos and I know they have put the excess they got from the sale of those into these houses but still - it’s so scary! Don’t know if their lives will ever be as good!
It is crazy the price of houses 🏡 at the moment , also means first time buyers won’t be able to get in on the market which is a shame but congrats to both your children . Thanks for watching Sheryl have a great week Cheers 🍷🌻🙂
We did the same, paid mortgage off in 40s, then saved, saved, saved. Bought 2 rentals cash in downturn, 3 million portfolio came to USA w $2k. Reg jobs.
Wow what a great job you have done, it's amazing what hard work and creativity can achieve.
Keeping your eyes on the prize both figuratively and literally! You are poster kids for living free of debt. It is great you planned for the time you would end working and begin another chapter of your life. My partner and I lately have started talking about the "R" word. I'm 64 he is 56. We both enjoy our work--I'm a commercial photographer and he is a photo set designer and prop stylist--but just last night driving back from a job with a tricky client he turned and said "maybe we should retire". We have the funds to retire (with no debt and ancillary income) but we enjoy our work so I'll have to see how frequently this topic starts to come up in the near future.
Personally when one says “ maybe we should retire” you need to have a very frank discussion with each other especially if you have adequate funds 💰. You can’t buy time or health we just did a video called Reality of Retirement it would be a good one for you watch together especially as you are 64 . In our case Tina is 64 and Norm is 65 , we took early retirement at 58 and 60 and it gave us a brand new chapter in our lives and we have never looked back .Thanks for watching and have a great weekend Cheers 🍷🌺🍺
Thanks for sharing your story. Once again your story confirms the most basic rule: saving first.
Thank you Yes! You need to save first for peace of mind. Thanks for watching.
I wish I could have had more time to plan our retirement. It was forced on us during the housing crash of 2008 thru 2015 or so. I struggled for 3 years working 4 months a year and finally I decided to change careers. There was no end in sight to the recession.I retired to get my pension and go back to school and got my C.D.L. classA drivers license. I went into driving a semi tractor/trailer (Big Rig) or 18 wheeler. That's what saved us from loosing everything. I always tell people that I'm semi retired. The great thing about it is that there's no age limit. There is about a 20% shortage of experienced drivers so there is a great demand for drivers. You get paid to see the country. I can be a short term snow bird in the winter by taking loads from the north to the south. From snow on the ground to 🌴 palm trees in a few days. Almost like spring break.
The best one yet!! Very much enjoyed your story and seeing all the photos. Dxx
Wow thanks Deborah for the compliment, glad you enjoyed it and our flash back photos, hope you are keeping well and have a wonderful weekend Cheers 🍷🌺🍺
I just found your channel and are enjoying watching. What caught our eye was the video on a staying in Portugal, as it is something we would like to do. Keep enjoying life and happy travels.
Thanks for watching we love visiting Portugal 🇵🇹 especially over the winter months , we are really enjoying our life in retirement have a wonderful week Cheers 🍷🇵🇹🇨🇦🍺
Good to see that you were able to bounce back
Thank you 🌺
@@ThisIsOurRetirement “De nada” 👍
The world would be so much a better place with more couples like you. Whenever I say the late 80s, I always say the Kate Adies! Just a little bit of trivia.
Thank you
Awesome job! I plan to be semi retire in two year when I turn 50. I already paid off my house and only have to worry about bills. Have a very healthy 401k and other investments. I did get to do all kinds of traveling in my 20's to Europe. Can't wait to do it again when I semi retire. I plan to fully retire when I turn 55.
Sounds like a great plan we wish you well hope you have a wonderful weekend Cheers 🍷🇨🇦🍺
Thank you for your honesty and sharing. 👍
It’s our pleasure to share, thanks for watching!
Thanks for sharing your personal experiences about this important topic. I'm in my early 50s and pretty much have been on a similar path as you and that's why I love watching your videos. Funny enough, it was your love for Portugal (I'm from the Azores but live in Canada) that got me interested in your initial videos but listening to your financial plan has helped confirm to me that I've been on a right path with my plans which is so similar to yours. This makes me feel good! Thank you.
We are so pleased to hear this, just a shame we can't travel to Portugal at the moment. We wish you success on your financial journey. 😀😀🇵🇹🇨🇦
Thank you for sharing your story. It is very helpful and encouraging.
You are so welcome!
Such a supportive couple and parents. Love your videos. Thx for sharing your stories.
Thanks so much for your kind words.
Another heartfelt message of life still to be lived in retirement. I agree with a previous post. You both are on the same page. That is the key.
We are very fortunate Barbara we are on the same page , we married young and always had the plan to share a life after kids in retirement .Think the secret is we enjoy each other’s company and love ❤️ being together Cheers 🍷🌺
We have 7 working days left! Then full time getting the house ready to sell 😃! Thanks for the inspiration, cheers🥂
We wish you well it is difficult
Great t-shirt today !!
Thanks Kat!
Great advice👍Really enjoying your videos 🏴
Glad you like them!
Thank you for sharing your story!
You are so welcome!
Another great video by a wonderful couple.
You are so kind thank you.
you guys are lovely, & salt of the earth. Really enjoying your videos.
Thanks so much!
We came to Canada in our 36 and 31 from a non-English speaking country. For the first 10 years, we are struggle to find decent job and have to work low paying casual jobs and can barely feed ourselves. We can't save any money and have to fund our university study in Canada. My wife going back to university first and graduate in her 36. I graduate in my 46. Now, I become a professional engineer and my wife a certified accountant. We save up like crazy in order to be able to fund our retirement. In 10 years since we both work, we managed to pay off 2 houses and save up $700,000 retirement fund and $70,000 education fund for child. During last 10 years, we probably save an average of $100,000 per year if include mortgage principle. I am thinking of taking a early retirement at 60 in couple of years. I expect we will have a paid off house and 1.2 million retirement fund by then.
Wow that’s wonderful Tommy sounds like you have worked really hard to build a good life here in Canada 🇨🇦 we hope you have a lovely retirement Cheers 🍷🌺🍺🙂
I just want you to know I enjoy your channel so much. I am not sure why RUclips recommended you to me, but I am sure glad it did, even if I’m (probably) outside the demographic-I’m not married, I’m not quite 40, I’m American…. But I love hearing your stories, and I’ve subscribed so I don’t miss any of them. Thank you both for being you and doing what you do. 👍😁👍
Welcome aboard! glad you are enjoying our videos have a great week Cheers 🍷🌺🍺
The Wealthy Barber also got me started years ago. I was still in my early 20s. Been investing/saving ever since! Love your channel. I'm only 50 and far from retirement but you inspire me!
Thanks for watching great comment we appreciate your support have a great weekend Cheers 🍷🌺🍷
My wife & I were gifted a copy of The Wealthy Barber book a couple of years after we started our careers. Enthused by its message that we could do well (like the barber) even on a modest income if we'd just do a few things right, we focused our early years together on saving & investing. In those early years we likely invested close to 40% of our relatively modest income. The rate slowed down when we had our first mortgage but we focused all the spare money we had at paying down the 7% mortgage. We were able to pay off the house in seven years and then focus on raising our kids. The lessons the Wealthy Barber had taught us really helped us financially "get ahead of the eight ball" without much effort on our part. I retired at age 57 and my wife did at age 55. I'm now 60 and a prized possession is my signed copy of The Wealthy Barber.
@@rossmacintosh5652 Wow awesome story thanks for sharing Cheers 🍺
@@rossmacintosh5652 Good for you! I've been moving in that direction, too. Thanks for sharing your success story.
@@alexanderlyon 50 doesn't have to be far from retirement.
Thank you for your honesty.
Thanks so much
Great video.
Glad you enjoyed it
An old friend told me he retired at 50 . He invested money for 25 years , than had enough to retire .
So at the age of 30 i started to Scrimp , save and invest . Luckily i had enough to retire at 49 years old .
That sounds wonderful have a wonderful day Jimmy Cheers 🍷🌺🙂
Thank you so much!!!
I am 21!! And here trying to learn
You will be on the right track as you’re curious, well done.
It’s great to hear you only started on this at 38 and retired by 55, that’s impressive. I’m 43 and would love that, we got a house in the recession and should be out of the mortgage in a few years🤞 My husband is Portuguese so hope to do what you did and spend our time between there and Ireland. Thanks for the hope that it’s possible🙏 🇮🇪🇮🇪🇮🇪
That is awesome! we wish you well with your plans Cheers 🍷🌺🍺
What a nice couple of people.
Thanks so much have a great weekend Cheers 🍷🌺🍺
I discovered you two today,and enjoyed listening to your talk.keep making videos please and thank you.
Thank you, your so kind
Great advice and interesting vlog
Glad you enjoyed it have a wonderful weekend Cheers 🍷🌺🍺
Beautiful story. Sage advice. A lovely couple.
Thank you so much! glad you liked it enjoy your week Cheers 🍷🍺🌺🙂
I am near 38 now and working hard to make sure my wife and I have as little stress from finances as we get older. I love your message and really enjoy your journey.
That is awesome! enjoy your weekend Cheers 🍷🌺🍺
Congratulations. Well done.
Many thanks
I agree w the comments. You stayed together. I have not been so lucky. Having to give away half my assets 3 times has been devastating....being the breadwinner in each. So I am retiring at 55....just with lower expectations.
That’s unfortunate financially and emotionally, we had some financial issues emigrating where we lost a lot of money selling our house and possessions. We hope you have a good retirement and thanks for watching our video.
@@ThisIsOurRetirement Your videos are helpful
We are glad you are enjoying them Cheers 🍺
You should be proud of yourselves, you have earned it!
Thank you we hope you have a wonderful Sunday Cheers 🍷🍁🍺🌽
I really loved hearing your story AND seeing your old photos!
Glad you enjoyed it Happy Mother’s Day 💐Cheers 🌺🍷🍺
We also did the transatlantic move - much later in life then you guys though. Thanks for sharing your story. You are lovely people - enjoy your retirement 🥰
Thanks so much! 😊 Cheers 🍷🌺🍺
I read the wealthy barber in the early to mid 90s and followed his advice and then in my early 40s life got in the way, sigh, I try not to think about what could have been, now in my late 50s and still working I am starting again. I have nearly wiped out my debts, am helping my daughter with College ,as my parents did for me, and I dream about a modest retirement in sunny Portugal.
It’s never too late to start and a great gift to give your Daughter, thanks for watching.
@@ThisIsOurRetirement My refrain is "your at where you're at" I am just trying to do the best I can and press forward. Thanks for your channel and your positive messages
Great sharing
Thank you so much 🙂 have a nice Sunday Cheers 🍷🌺🍺
Well done guys. Carlos from,Melbourne Australia
Thanks for watching have a great week Cheers 🇦🇺 🍷🍺🇨🇦
It's a pleasure watching you.
Thank you enjoy your weekend Cheers 🌺🍺🍷
I will forever appreciate you This is our retirement.
You’ve helped my family a lot, since the pandemic till now your advices and lessons are inspirational and helpful to us.
My Husband and I have been able to be minimal, conscious in spending, saving and investing wisely. We have been able to earn on a weekly basis and it helps the family a lot. You’re such a blessing to this generation. We all love ❤️😊
Hi Alice thanks for a lovely comment and we are glad that sharing our life experiences is helping your family. Hope you are staying safe and have a nice summer Cheers 🍷🍺🌞🤗
@Maria Augustine Thanks for watching Maria and we are pleased that what we sharing is helpful to you and your family.
We hope you have a great day Cheers 🍷🍺🌺
Your story is so inspiring. And I will be happy to keep achieving this together with your family. Please if possible share some tips
@@maxwelljoshua7804 Thanks for watching have a great day Cheers 🍷🍺🌺
@@maxwelljoshua7804 I can share some that helped me..
1. Pay yourself first. Save part of your monthly income as soon as you get it, rather setting aside whatever's left over. ...
2. Save for emergencies. ...
3. Spend less, save more. ...
4. Lose a habit, gain some savings. ...
5. Get creative making more money. ...
6. Baby-step your way to saving. ...
7. Allocate your assets. ...
8. Understand investment costs.
Love watching you sweet couple. We’re in the US and we really enjoy your channel. I love how she says “Norm”😍. Selling off a paid for home and investing so it “can make the fruit you’ll pick later” is a great way🤗
Awesome! Thank you! we appreciate your support we hope you have a wonderful weekend Cheers 🍷🇺🇸🇨🇦🍺
This is a lovely story.
Thank you so much!
Thanks for your videos. So reflects our own retirement philosophy and experience. One thing we notice is that you have lots more money saving opportunities than we do in Oz. Still we enjoy a great quality of life which compensates :)
Yes we do feel that we are well looked after in Canada 🇨🇦, which helps us too have great quality of life , you live in a beautiful country too 🇦🇺glad you are enjoying your retirement Cheers 🍷🇦🇺🍺🇨🇦
Great video again, guys. But Norm, I have a question. In moving to Canada at 38 and then retiring at 55, did you work enough years to earn a decent CPP? I'm interested because I worked in Canada about 20 years before moving overseas.
Norm gets half the pension in Canada 🇨🇦 but we are now applying for the British one and will get half there too Cheers 🍷🍺🌺
Love your common sense approach. I too worked to be mortgage free and have made the same quality investments. The last ten years have been happily travelling too.
Congratulations! Financial Freedom .. living in your own term
Yes it’s great you just need a bit of planning Cheers 🌺🍺🍷
That's wonderful! Love that you shared that information. I think that will help a lot of people to realize it is possible.
Yeah!
I saw the deep secret of it. Thanks so much for sharing this wonderful Aid
We are glad you found it helpful, yes it’s possible to rebuild your future even with set backs Cheers 🍷🌺
Thanks For watching glad you liked it Cheers 🍷🍺🌺
It takes discipline something which not everyone has
@@Gurkha9 True but we all have choices in life that takes us different directions Cheers 🍷🇨🇦🍺
Given the circumstances of your situation with the challenges of inflation, interest rates, property crashes and you got to 55 and retired, you guys have done very well. Congratulations 👏 Happy Mother’s Day Tina.
Hi Peter and JoJo nice to see you both glad you enjoyed it and thanks for the Mother’s Day wishes that’s very sweet of you ❤️
hope you are both staying safe and keeping well we are still in Lockdown till May 20th 😱but then we are hoping to go to our new trailer fingers crossed 🤞.Enjoy your weekend Cheers 🍺🇦🇺🍷🇨🇦🌸
@@ThisIsOurRetirement It was a tough time when we were in lockdown, but the future is looking up for you and look forward to your adventures when you are out and about again. 🤗 😘
Thanks 🌺🤗
Thanks so much for your clear and useful information. We could really relate to your situation. We did similarly and are now ready to retire and eventually downsize. We think one thing that could be added to this discussion you presented today is the value of being a couple and staying together. Many of our friends who were on a good path to financial independence did not make it because they broke up. That caused them to liquidate whatever they had managed to accumulate and they ended up much less fortunate financially. While we are not advocating staying in a truly toxic relationship, we feel that nowadays couples are much more prone to give up under the slightest amount of pressure rather than seeking help and perhaps saving the relationship. Single people in Canadian society have a far harder time carving out a financially independent future, and there is something to be said for the teamwork approach.
Thanks for watching being in a good relationship is the best asset you can have in having a wonderful retirement, it is a shame that it doesn’t work for everyone enjoy your weekend Cheers 🌺🍷🍺
It helps alot when couples are united on there goals & how to get to were they want to be. take care.
Thanks for sharing your story! Loved the pictures.
You are so welcome! enjoy your weekend Cheers 🍷🌺🍺
This is actually amazing advice for anyone.
Thank you 🌺
Thank you for sharing...you definately can make it in Canada if you work hard!!...I came with 3 suitcases and 2 kids. Im not wealthy but doing better than I would have if Id stayed in England.
We agree and the opportunities are here still today. We are glad it worked out well for you. Thanks for watching and commenting, have a nice weekend.
Thank you both for sharing. I'm planning to retire when I reach 55 myself...4 more years to go!
Best of luck! 🌺
We got married at 41-30 with nothing. Bought a modest home, moved up several times, saved 10% plus along the way. Now at 76-66 we are retired with 4 paid off homes, no debt and leisurely retirement. It can be done!
Wow that sounds like an awesome story Lande we are so pleased for you , yes it can be done you just need to want it !! Cheers 🍷🍺🌺
My husband and I have done a similar thing but we started out with two divorces when we got together so not a lot of money between the two of us. We were basically starting from scratch. However, we also each put money directly into savings accounts, TFSA's RRSP's every week and like you we didn't miss the money, we adjusted our life style to it. The one good thing that helped us was my husband sold his company and was paid in cash and we were able to buy a condo with a reasonably small mortgage which we still have. As long as you pay yourself first you will have no trouble saving for retirement. I only worked in retail and was still able to save over $35,000 in 10 years before I retired. It can be done.
Thanks for sharing your story , we started from scratch when we came to Canada 🇨🇦 read the Wealthy Barber book and here we are today Cheers 🙂🌺
I set a reminder on my phone for this, even though I've got notifications enabled. :) (Thumbs up for the DOORS!!! :) ) eta love the throwback photo of you two!
Glad you enjoyed the video and thanks for your enthusiastic support, have a great weekend Cheers 🌺🍷🍺
Very good advice!
Glad you think so! Sarah have a great weekend Cheers 🍷🌺🍺
I retired at 46. Because I paid myself first. Now l look after my 75yo Schizophrenic mother full-time as her Carer. She also has skin cancer and Arthritis in her legs and can't walk at times. I now get the Carer Pension and Carer Allowance fortnightly from Centrelink (Social security) to look after her here in Australia. In my free time, l attend my Japanese University courses online.
Thank you Norm n Tin. Always a pleasure watching ur show
Thanks for watching we do appreciate your support have a great weekend Cheers 🌺🍷🍺
Paying yourself first is generally good advise, even though I’ve never read the book. Our method of doing this was through automatic RRSP payroll deductions. Now we have a very good amount of capital for retirement and don’t even need to touch the home equity for a very long time, if ever. Of course, not having children to raise and educate was a big advantage as well.
That’s great you were able to do Payroll 💰deductions have a great retirement and weekend Cheers 🌺🍷🍺
That is not talked about very, NOT having children. I understand why people do it, my parents did. But financially it must be so draining. I could never face that level of responsibility on top of all other adult responsibilities in life as well. I was lucky and knew I would never have children when I was 16 years old. Friends laughed. Guess what? 58 and no kids.
You guys are so cute! Thank you for sharing with us! 💗🙂
Thanks for watching! 😀😀💕
I love this couple and their stories. Thanks for the useful info.
Thanks for watching Cheers 🍷🌺🍺
Thanks Tina and Norm for another great video! You really hit the nail on the head - Pay yourself first! My story is similar to yours. When I was almost 40, I started to put in 10% in my company's 401K program (now I put in 25%) and put money into dividend paying stocks (which get re-invested). Paid off the house 2 years ago. I'm now 60 and retiring in 16 months (maybe earlier). Wife is already retired. I can't wait!
Thanks for sharing!! that’s great we wish you a great retirement Cheers 🍷🌺🍺
Hello, we’re in our 40s and were doing well with retirement planning and then the interest rates threw us a curveball and now they’re draining our savings plus not allowing us to save much. How does one recover?
However small amounts you can save do it, it will compound you have 20 years. Budget and reduce spending to stem the flow of your savings. Good luck!
Love your photos, thanks for sharing your memories!
Glad you enjoyed it Cheers 🍷🌸