Why it's best to Retire Early
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- Опубликовано: 20 янв 2024
- Why it's best to retire early.
You've probably heard this quite a few times and said to yourself...one more year. I'd can put away a bit more superannuation or, why leave now, they're going to give me a rise next year...and all manner of reasons why it's best to stay on just that little bit longer.
Don't you believe it!
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I retired early 50's after a long career in public service. Was burnt out. Knew money would be tight but I was compelled to do so. My wife then decided to quit her medical job of 25 years when her company got bought out. Within 6 months my left shoulder blew out. Took a year to mend post surgery. Then right after that my wife was diagnosed with the most deadly type of breast cancer right as she turned 50 years old. I then realized the retirement dream was not guaranteed. In reality that's all an illusion to keep you going and working. She beat her cancer, I'm praying for good but when the chances are 50/50 it really is in God's hands. All that said I am so very glad we both listened to what we were nudged to do by life itself. I've worked out my whole life and it's definately helped me. My wife has changed her diet and started her own exercise regimen after cancer. 32 years together literally felt like a blink of the eye upon being told her diagnosis. I pray we have another 30, but am thankful for whatever we get. If you have your health you have everything.
Our health is the most important thing. Without it we're really limited in what we can do, both for ourselves and others. Thanks for posting, Findingneutral.
Thanks for sharing your story with us. I wish you and your wife many more healthy years. I am a 55 year old female. I also want to reduce my working hours because recently I developed a terrible pain in my right shoulder due to stress. I am a teacher. Life is short and uncertain. It is very important to take care of our health because if we lose our health no amount of money can help us to restore what we had lost. Best wishes 🙏
@@clairechloe5294 Thanks Claire. Much appreciated. I agree 100%. That is definitely a stressful and demading profession your in . I'm hoping you get to slow down and your pain eases.
You should spend more time learning how to write English properly. How can you be a professional if you speak like a high-school dropout?
@@findingneutral yes, we are all in God's hands. Many blessings to you and your wife.
I discovered the FIRE movement at 40 and put in the work for 10 years. I went from a spender to a saver and became extremely frugal along the way. I admit, it was tough at times, but it allowed me to retire at 50. I told people I was going on a 1-2 year sabbatical just to calm everyone down, but I have no intention of returning to a regular job. Being frugal has become a habit after all these years but you really don't need a lot of stuff to be happy. It has been almost 2 years since my retirement. I have less stress, sleep better, lost 30 kilos, made new friends, spend much more time in nature, and have become a hiker, I learned a new language, travel a few months each winter (on a budget), read a ton of books and I keep challenging myself to try new things.
Your comments are an inspiration, dJune. I hope many get to read them. Thanks for posting.
Wow, lost 30 kilos!!
Then I found out that you are a hiker, no wonder 👍
I also found FIRE in my early 40s, and now I’m in my 3rd year of retirement at the age of 50. I love walking around the places I’m living now, in Penang Malaysia. I started to learn and created a RUclips channel to record my life in Penang at the age of 50. When “time “ totally belongs to me is a great feeling 😊
@@its_another_day_33 I hate going to the gym and diets only depress me me, but I do love walking. So, I did that when I retired. After retirement I moved to a nice little town in the mountains and the hiking is great around here. But the best thing I did for my health? Cutting out the sugar. I now look at sugar as a rare treat (maybe once a week a nice piece of chocolate cake), not as something I normally eat.
Me too. Went from a spender to a saver and retired at 47. My husband and I are now 52.
I lost my job two weeks before my 50th birthday in May 2023. It was a shock but now I’m hoping I don’t need to work again. I’m learning Thai with an online tutor and go to the gym everyday for at least an hour. Saving and living a frugal life is important and so is long term investing.
My mother remarried when she was 70 and they were happy together 20 years
till his dead now she is 97 and still going strong.😊
Really nice to see an older person on RUclips sharing their experiences. Food for thought
Retired at 55 and moved to a small town in Florida. Three years later,I was the Mayor!
That’s a job !
Quit !
Why you overachieving traitor you!! < shakes fist>
J/K ;)
So you support the thug blue line cops, and do you know the Constitutional Rights of citizens? What town, I will look you up. You won't give your name I am sure
@@nunya2954
You’re right.
He most likely won’t give you his name; because…….Well, you sound like an imbalanced crackpot.
My guess is some of your own relatives have withheld their locations from you as well…
@@imawesome1822 lol
My Father retired at 62 and now 94, lives on his own. Sharp as a tack. Completes all the puzzles in the daily newspaper. His Uncle lived to be 105. We joked that Uncle Bill lived 3 centuries 1899-2004. WW1 Vet.
Both your dad and uncle sound like remarkable men!
Good, undamaged genes. Charlemagnes.
That is something worth talking about - straddled three centuries. Wow!
I wish my dad was in the same boat. He retired at 60 and died at 62. Leukemia
Sorry for your loss. My dad died at 79, but was afflicted with Parkinson disease for many years.
I retired at 50 and I will turn 59 this summer. I work out 4 times a week and when I say I work out, I mean I do Muay Thai. I am the strongest I have ever been. I do not miss working at all. Everyone says my CPP will be less because I retired earlier. Who cares? I just enjoy not having to wake and rush to get to work. I made milestones while working. I do not miss making work goals anymore. Live your life the way YOU want to. Keep moving your body and enjoy life!
we believe you
Fairplay to you. This is what I've been saying for ages.👍
I agree with you, my friend. For many years, I thought happiness was trying to be the boss of other people, only to find out that I'm much happier by being the boss of myself.
Hi, may I ask other than Muay Thai workout, what other things that fill your retirement days? I would imagine travelling, but we can't do that every months, right? I am 52 and scare of what to do after retire,i don't have any hobby, I go to gym 5 days/week. Many thanks.
@@sensuparman34 I also do Yoga a couple of times a week and I spend time daily with my 98 year old neighbour who lives kitty-corner to me on my block. She lives alone and gets lonely, so I go to see her and I take her shopping weekly so that she has food for the upcoming week. Unfortunately, she is the hospital right now. I went to see her today there and she was awake - talking and joking, so I hope she can come home. Outside of my physical fitness, I like to cook and bake as well. We also have a standard size Labradoodle who needs a good walk a couple of times a day, so my hubby does the morning walk and I do the evening walk. You will find your groove once you retire and you’ll marvel at how quickly a day can pass. When you work, days can go by so
s-l-o-w-l-y.
I retired two years ago at 55 and haven’t looked back. I thank the Dear Lord everyday for it too. Knowing I don’t have to deal with the general public everyday was the single best feeling in the world.
the general public are so annoying lol.
Love them they've all got their story they are the reason I haven't retired
@@ppmppm7010 They are all yours then. Enjoy!
@@The_Scouts_Code Particularly if they're fascist (tory) religious phonies, eh?
Dib dib! ;)
Pfffft. People.
I’m retiring in 2 months. 55 yo. I’ve seen too many of my friends go at 54, 58,60,63. Life is way too short. Aloha. 🤙
Good for you! The man in this video does not seem to realize that his great health at his advanced age, is far from the norm! A good %age of people, (especially men) never make it to his age, let alone with good health!. There is no doubt in my mind, that you are making the right decision! Enjoy!
Yet they keep raising the retirement age for state pension, disgusting
100% agree, life expectancy is well over inflated for the average person, especially where I am in Scotland.
That’s without even taking into account being able bodied and sound of mind.
They are at it with the figures.
I hope you're having a great time, my friend!!!
@@petermatthews2831 That's because we're outliving their 'generosity'.
I retired last year at age of 60. Once I retired, I realized that that was best decision I ever made. My real life just started after the retirement.
do you wish you had retired earlier? if yes, how much earlier?
@@waynegoh3270 ideally I wish I did in 2021.
"My real life just started after the retirement."
In what way?
It's just so hard to hear this when most people are nearing the end of their best physical health by 40-45 years old. But I guess life doesn't start until we're old and tired.
You left it way too late...
Good man, you look 10 years younger 👍. Retired myself 3 years ago at 61. I'm single, nice home, nice car, and most importantly no debts. It's important to have interests and hobbies outside of work, a lot of people don't, they end up feeling lost and directionless. I'm lucky and fortunate to enjoy perfect health, no day goes wasted. Long may it last.
The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice.
Do you hobby escorts?
Yes, the importan thing is be sure to be debt free and have your house paid off before you "retire."
What if, like me, your hobby=your work? I just retired, but will practise my craft until the end,
How did you save money if the pay is not good?
Retired at 53. Wife at 51. We saved. We stayed debt-free for two decades. Bought our new house with cash back in 2013. It's been three years since retiring. Best thing we ever did. It was planned though. We lived frugally. Raised two kids. Always ate the best foods at home. Had many challenges along the way, just like everyone else. Yes, we can always make more money, but we can't make more time.
That's awesome ❤God Bless 🙌
I love this, "we can always make more money, but we can't make more time".🙌
So true. This is the reason, why time is more important than money.
@@kashd4668 You can't 'always' make more money. Not if time is limited. Which it is.
The more you earn the more crap you buy!!
Retired at 59. Am now 60. Best decision I've ever made.
Am???
I did something similar a few years back when I was 62. Am now 57 - I think I did it wrong.
@@jackhare6161 judgy?
Glad you made one more year
Retired at 71 in order to overcome a devastating layoff and poor financial decisions and outcomes including losing 40% value on my primary home some years ago. Fortunately I was able to overcome these downturns by continuing to work and am now totally enjoying retirement. I salute anyone who can retire early, but in rare occasions it is not for everyone.
It was the same for me...l had to work..until..65...but..was ok..for me..
I am 55 and just retired. I got tired of being asked if there was anything wrong with me. YOU are whats wrong with me. I dont look back. Its been a good move. ❤
Why would they ask that?
Sorry Sounds like a miserable job you had have a nice retirement I love what I do so I'm going to work till I die of course I only have to work 25 or 30 hours a week at most
@@jmm1817 so happy for you. I really liked actually being able to BE a social worker and help people but my job had turned into being a report writer. I was no longer able to spend the time I needed with my clients because the increase in paperwork is ridiculous 😒 🙄
@@jmm1817 what do you do?
@@jmm1817 Luckily your job doesn't require good writing skills and grammar.
I’m a 63 year old house painter from Montreal. It’s my own business. I do all the work myself and occasionally hire a helper. I love what I do. I have my own home. I feel my work makes me feel fit climbing ladders etc. I walk an average of 5 kilometres a day in my job plus rolling ceilings and bending and stretching. I’ve been doing it for 44 years and I feel great after a day of work and I’m only 10 lbs heavier than I was at 18. My parents lived until their mid 90s and I see no reason to quit my job. I have very loyal clients that pay me well and I take great pride in my work and find it very fulfilling. I only work 5-6 hours a day the rest of the day I do quotes and plan jobs. It’s great and I enjoy it as much as time off.
You are rare...I'd say.
Keep working...Justin needs your taxes😂
@@perrykomick9478 I live in Quebec we pay most of our taxes in this province. We don’t do Canada pension plan we have Quebec Pension plan (regi des Rentes du Quebec). It’s like a different country here believe me I have family all across Canada but Wuebc is all but separated.
Quebec. Lol. Fat fingers small phone. Sorry. ( how Canadian of me) cheers from Montreal
@@perrykomick9478 in Quebec we have Regis des Rentes du Quebec. Not Canada pension plan we have our own. I only pay a small part of my taxes to CRA ( Canada revenue Agency) 80% of my income tax goes to Quebec 20%to Canada. Like I said it’s like another country here. I’ve got family all across Canada and this place is different. Been here all my life and speak French but it is more like Europe than America. Especially in Montreal which is very multi ethnic.much to the dismay of the ‘southerners ‘ in Quebec City. Lol y’all know what I mean Comprendre -Tu?
True words.
59, 60 tomorrow.
I retired two years ago and spent the first year getting back into shape.
Looking forward to the time I have left on the earth.
Happy birthday 🎉
Not everyone can afford that. Just saying.
Hope you had a wonderfully happy day.
@@RKar2009 True but also not everyone took measurements to get there.
@@TrudleR oh ffs!!
I’m a retired 66 yrs old man. Most of the time I’m feeling not have time to enjoy all things that I like to do: riding my bike, playing tennis, archery, playing my guitar, writing a book, teaching, traveling, and most importantly, enjoying with family and friends.
Just found your channel. What an inspiring video. I just retired 3 months ago at the age of 63. So glad I did. Not rich, but a lot of stress is gone. God Bless.
I live in the UK and I’d had enough of work. So I did the sums, I pull a private pension and a civil service at 62. My friends say I must be bored. Doing what you want when you want is NOT boring. I told them if I ever did get bored I would return working part time only. I didn’t want to get to 67 and financially realise I could have finished earlier, as it’s too late. You don’t get those 5 years back! As I’ve heard from my elders down the years; You’re here for a good time, not a long time!
Another great video Arthur. Doing push ups at 87? YOU are my hero. Your voice is one of the few on RUclips with the wisdom of having retired early and journeyed past 85 ... and still going strong! Please keep posting new videos. The world needs to hear from your experience and wisdom. 🙏 Azul
I appreciate that, Azul. You're one of the very few I watch on this subject now.
Azul fantastic to see you here - you and Arthur are the best.
🥰🥰🥰🥰🥰🥰🥰🥰
I retired at 55. The best thing I ever did. I’m living a great life.
I am 55 and live in MN. May I asked how much money you felt you needed to retire at 55? I know it is different for everyone. Our house will be paid off in 2 years.
What are you doing about Health Insurance?
That is another concern. Probably MNSure.
How? Need a lot of money for years even without any debts just to live
@@TheRaindoggeryou can retire with a few hundred thousand if you live cheaply enough
"For me, living is Yeshua and dying is gain" Philippians 1:21
Scrolled down too far to see this.
To put your trust in Jesus is to find eternal life in all its fullness.
I retired at age 43, 27 years ago, best thing I ever did in my whole life
my i ask how you spend your day?
spending her inheritance!!
@@fiveplatesinteresting that your first priority was how to “fill” the day and not how to afford it!
nice! what was ur FIRE # and how'd u reach it?
I’m so happy for you. I’m retiring at 42 in January of 2026. My wife is retiring in 2028 at 43. Our boys will be 9 and 7 and we can’t wait.
Started working at 13, retired at 55 four years ago because I could be dead tomorrow. Life is short, live it. Trim expenses and luxury items if necessary and get to laughing every day when you wake up.
I started working at 14. When I'm 56 and 8 months I qualify for retirement... I'M OUT. Ive seen the rat race, I am ready for the next phase. Everything is paid off.
@@Milkman3572000 you will love it!! 😄
Well done. I’m thinking on doing the same as I’m mid 50s now and need to semi retire and get myself out of the matrix as I call it. It’s a prison work work work and have only 2 days off a week and back into the slave drive life again in order to pay bills and food to etc.i have many hobbies and work is def on the bottom of that list.. For everyone who has retired early I applaud you and hope soon to be one where I can wake up in the morning and say “I’m finally free”
@@kryptoniterocks8245 you will and good luck!
@@Milkman3572000
BEAUTIFUL!!!
My retirement started January 1st of this year. So far I love it, clean house, split firewood because it very cold outside. This spring I have plans to fish, ride my bike, cleanup my farm. You know things get a little messy sometimes. I'm hoping to do as much as I can before I get to old. I'm 63 and my wife is a very young 67. She's all in, we have been waiting for this for 5 years. We've already been to see thing in 4 different states even though it's cold. No bills, just having a good time, so far. We spend a lot more time talking with each other, I've been missing that. Retire as early as you can, you will not believe how happy you and your spouse will be. Much love to everyone.
Thanks, Fishpot77. Glad to hear you and your wife are enjoying retirement so well. And you're right. Retire early.
True...but not always. I could have retired last year, but I see no reason to. My job is very easy and I only work about 24 hours per week and make more than the median full time salary. Yes, there is freedom in retirement. But there is also freedom in not worrying about the AC unit going out. It's kind of nice to be able to visit the kids via plane and not have to worry about the cost. So there's freedom in working as well. A person needs to weigh it out.
@@BillyO8828 Yes, it depends what 'work' you do. I sell online and I enjoy it and it only takes up 2-3 hours a day.
@@blackporscheroadster-yw8hb - Nice. You have the ideal job. Just enough hours to keep you active and you bring in cash. Plenty of time to goof off!
Thank You. I am 61 , and plan to retire this November. House paid , no large debts.
I've decided that theres no point working another 4-5years as I won't be much richer doing that , and the stress at work erodes away at me more and more every day.
I am looking forward to it , after 45 years as a Cabinetmaker. Take care.
thats my thoughts too mate,if they offer reduntacy this year im gone,cant wait!
@@BtGo63Retired at 62 and never looked back. Didn’t really have enough money but house paid for and no debt so I thought to hell with work. Loved what I did but not all the corporate crap and politics that went with the job. Am sure it would have killed me had I carried on.
My target is 61 too. You're right, if you've saved and invested the right way your entire life, the additional savings from working another 1 or 2 years will be minimal. And like this man says, the freedom of those years when you still have your health is priceless
Retire as soon as you can. No one knows how long they have. Enjoy kids, grandkids, travel, hobbies.
I would say the exact opposite, all the people I know who are fit and active are sill working at 70. Many kids are either narcissistic, or still a liability and will not be there for you. That is another viewpoint to consider.
@@allanb52probably just your case
@@coasteyscoasteys4150 About 50/50 I would say.
@allanb52 I agree... I like my work .. and it's important and I'm good at it.
@@hydraulics I don't enjoy my job too much, but it keeps me a little busy and the money comes in handy, the UK pension is a bit tight for my lifestyle. It is my own company, but if I didn't have it I would find work of some kind. Years ago we had a new neighbour a Scot who had lived in California much of his life, came to the UK to retire. He had nothing to do with his days and was dead in 6 months. I thought that could be me. My brother in law went to Uni, worked until 50 and is now 76, does nothing and seems happy.
I had once heard for every year you retire before 65 it adds 3 years to your life.
Apparently we can’t handle stress as well as we age so it makes sense.
I got out at 60 but was diagnosed with MS a short time later.
7 years on and still mobile but not easy, for those who can afford to retire do it ASAP, you just don’t know what’s waiting for you just around the corner. 🤞
I'm skeptical about that statistic. I've read a lot about people dying well within 10 years of finishing high powered careers because they lack any purpose and start to decline rapidly.
Henry Kissinger was like a 100 and still flying to Beijing to meet with Xi xinping. Trump seems to be permanently absolutely mired in stress and yet he's running again and nearly 80 and although I can't stand him seems to have a ton of energy despite an appalling diet. I think a lot of it is down to staying engaged.
I retired at 50 and I honestly regretted it so I'm back working full time again now at 56 and feeling way better. I'm fortunate that I don't need the money but I do really need the engagement it seems
@@willsmith39 You were institutionalised and never developed hobbies and interest outside of work. So, when you retired you were bored. You need non-work stimulation when you retire otherwise you will get bored.
@@blackporscheroadster-yw8hb Absolute nonsense, you don't know the first thing about my life outside of work but thanks for weighing in.
Not sure how I got "institutionalised" in the small business I founded exactly but thanks for your analysis.
It's amazing to me that you got so triggered by what is a very well established point on people who retire early, but anyway.
I was thinking how fast 25 to 55 went by! At age 59 the years whiz by quickly. My mother died at 48 and I feel blessed and lucky to be here. I try to do things I want to do since you really don't know how long you have. Thank you for these videos! Very helpful!
Thanks so much for commenting. I really appreciate it, Denise.
I retired at 32 after I watched both my parents die a year after they retired at 65. I now work the bare minimum to get by and spend my time on hobbies, socialising and keeping fit. Twenty years later and looking at my friends and relatives my age, they are ready for the knackers yard, and would volunteer to go!
Life to me is about helping others when I can and packing in great experiences with great people. If you take care of your mind and body, it will repay you by attracting more great people, offering more great experiences. It’s a hard fact that when things are going badly, they just get worse, but a win leads to more wins. Hold on to that.
Who knows how many more miles I have left on the road, but I feel I can appreciate the beauty of life and I honour and thank my parents every day for the gift they gave to me.
Thanks man. 80 more days and I retire at 57. Thankful that I have a pension.
Hope you are enjoying your deserved retirement!
Great video, I was able to retire at 50 and I am glad I did , I worked for 32 years for a company that offered the employees a buyout that wanted to retire with over 30 years service, Besides the lump sum payout ,the company offered to fully carry and pay your health insurance till you were 65, Once we hit 65, we had to buy Medicare and whatever plan we chose. Retiring early allowed me to have my own schedule,I spent a lot of time restoring cars, tractors and pursuing hobbies I enjoyed, It allowed me and my wife time to travel help the family, luckily me and the wife were always active and healthy and after being retired 25 years feel now feel it was wonderful to retire early ,pursue other interests and watch the kids and grandkids grow up. now we continue to be in excellent health , neither of us are on any drugs or have any issues and we look foreward to the next 20 years and see what life brings.
Lucky you! I didn't think ANY company offered a buyout like that anymore.
@TaylorZ2 I was offered my buyout in 1999, I am 75 years old now ,when my company merged with another company , they offered managers as well as any employees with over 20 years service a incentive to go , people with 30 plus years of service was offered a premium package. So I hit the road , I had a good friend who worked for AT&T who was just a phone installer with 30 years service who took a generous buyout from them and retired , I think he was 55 when he left in around 2005 and has enjoyed his time since leaving, In the 90,s and 2000,s many company's were trying to get rid of employees at the top of the pay scale with max vacation and benefits ,they felt bringing in younger people and paying them a lower wage, less vacation and no company pensions was better then keeping older employees, Now that a lot of the older workers have left,they have found they can't fill all the positions, they can't find dependable people to even show up and they have poor quality , Many company's that got rid of older employees are now gone, So we seen those employees they took for granted and said thry could hire off the street for pennies ,weren't replaceable after all like they thought.
@@donm3844they let all that knowledge out the door
Great advice Arthur! I'm 53 and retired 5 years ago. I ride a bike a lot, go to the gym, play pool, music studio, remote control cars, slot cars, real cars, dine out, maintain my home and a lot more. If you do retire early though, make sure you enjoy things on your own as most of your friends will, unfortunately, be at work.
Make friends with an 18yo who has not started working.
Who's the 18 year old?
That is so true!
@@FLORIDA-LAND-NEAR-DISNEY An 18 year old should be working when not in school. Those are prime earning years! They were for me. That's why I'm retired now! lol
probably, but have you talked to any 18yo lately?
I retired at 71 and felt guilty for not continuing to work. I am starting to appreciate it, Time is valuable
Time IS valuable, Connie. Thanks for your comment.
I felt guilty too. Growing up it's ingrained never leave a job before you have another one. I spent the first 6 months thinking I had just quit my job. It was not an overnight transition. Just breathe and take your time decompressing.
I’m 52 next and busy squirrelling away finances for the big 60. I know it’s 8 years away but it’ll go quickly. Wise words, I listened to every one of them. Thank you
I retired from the US Navy at nearly 30 years on active duty in 2021 at the age of 62 and then from medicine a year later.
No regrets. Working out, fishing, golf, and taking a Writer’s Certification which takes about 18 months to achieve, and more.
I still believe that my best years are ahead of me.
In the Navy I visited about 100 countries and more in retirement.
God bless all of you.
Thanks🙏
Reading this at 45. Thinking about retiring in ten years. Thanks for the advice
Yes ❤
Unlikely.
Just retire now, you only get to live once
I got furloughed in the pandemic. After a year of that I left my job and cut my costs right down. I live full time on a boat I'm renovating. A national tv channel got wind of my project and I ended up on the telly. It was a bit of fun but then it dawned on, that I may just have found the perfect life. Living within my meagre means, amongst a great community of itinerant boaters and being free from stress and the nonsense of the corporate world.
I love your advice !
I agree and appreciate this encouragement.
The answer to accrue retirement can, through fate, be answered in three words: Nobody Offered Anything. Hey, my Father was going to retire at 65. He threw up blood in the sink and dropped dead 2 months earlier 😮! Conclusively, he never made it.
I retired at age 37 and live the dream life now!
Good advice mate!
Harley
Adelaide
South Australia
Another disgusting creature that likes to gloat to the vast majority of workers.
In the last month , I've seen 5 people I know pass...all in their 50's. The MINUTE I can retire , it's a done deal. I'll make it work , one way or another. Thanks for taking those years of experience and passing them on.
Did they all take the you know what?
My father passed away at the age of 49.
I was eligible to retire (with a pension) at age 56, and took it!
Jib jab strikes them down
@@chevysaregr8 So, it's taken about 1+ years for jab to go through their system has it?
@@Cyba_IT boosters
I retired at 51 from teaching in a Grade 8 classroom, most teachers are almost burnt out. One day I looked at the staff room table and saw the grade 6 teacher basically having a breakdown and said he couldn’t do anymore but he needs to work… I figured I’m no good to my family if I’m not healthy and then I left the job
Reading that, I'd say you definitely did the right thing.
I'm 40 and I took a little break. Hopefully it won't cost me but it's worth being with my little kids.
God will work it all out😁
Time spent with your kids is worth more than any retirement benefit can give you. Good move.
Time spent with your kids is always worth it but remember. God ain't gonna do the work. You are ;)
@fail-then-move-on I totally understand. Im able to do this only temporarily for now, bills don't stop. 🙂
Glory to God
Amen. No He did it all on the Cross . 😁@user-lm6me2tz9t
I am 46 living in Reykjavik, Iceland. I worked in America in all kinds of manual labor jobs, professional retail and armed security. I took early retirement and am very happy with my choice. The main thing some people need to watch out for is. Depression setting in. From waking up to going to sleep only having about two hours of free time each day from working and being used to that. It is important to find things to do.
Long nights this time of year up there, I'd say, Brian. I did a year on Macquarie Island back in 1976-77. Long nights sort of take the enthusiasm away, that's for sure. Thanks for posting.
Great advise..I'm 63 and still working, I'll keep going until they tell me otherwise. Retirement isn't always an option for those that don't have a financial nest egg or security.
Indeed unfortunately most who do not retire early don't because they can't afford it. Wish I could!
I semi retired when I turned 53 and now 58. I do some part time gig work while waiting for social security to kick in. Traveling and living my best life. Great video.
Agreed. Semi retirement should be the goal in 40s to perhaps about 70, then full retirement. I semi retired at 45. Work 15-25 hrs a week.
its not very often you find true wisdom like this on You tube!
Many thanks, Jim. I feel quite chuffed to read. May all go well for you.
Thanks for posting this.
I'm 53 and it seems like only yesterday I was a young guy. Time's really strange. Thankfully I've always saved for the future and I'm set for retirement at 60 but I'm too fit and healthy to sit around, so I'll probably keep working until I don't want to.
A lot of people won't have that luxury. They'll just need to keep working just to pay the bills.
I will be 70 in May 2024 and live in the USA. I have no plans on retiring at all. Doing my stress free job making 6 digits for 35 years. Get 6 weeks vacation, 11 holidays, yearly bonus and a yearly raise and love what I do for work ( Autocad mechanical designer ). I even was diagnosed with Stage 3b cancer at 59 and spent just shy of a year recovering so I know the meaning of life. People say to retire to do the think you enjoy. Well we never had kids and always had enough money for toys or any other wants we needed. So we enjoyed our lives all along instead of waiting to retire. So in a way I tell people that I have been in a sort of semi retirement all my life :-)
You don’t look 70
@@James09291 Thanks … but truly I am .. the snowmobile picture is from 4 or 5 years ago. As a side note I know how precious life really is because 11 years ago right now I was fighting for my life. I was going through chemotherapy for Stage 3B cancer and was not expected to live through the night when my body shut down during a multi bag blood transfusion. After 9 weeks of aggressive chemotherapy my body said enough was enough and shutdown while getting the transfusion. Then two months after that I went through a 12 hour operation to remove the dead cancer but it didn’t stop there either. I spent 16 days in the hospital recovering from that. I was given a second chance for some reason and look at life and living totally different than most people.
How did you get into Cad design?
I started by doing drafting in High School and back then it was on a drafting board. Then I got a job doing drafting still doing it on a drafting board but in 1984 personal computers came out. The place I was working for let me train using AutoCad software and that was way back before Windows software was even used. I learned on the DOS operating system and then when Windows came out AutoCad transitioned to it also. I love what I do ( Mechanical Designer of petrochemical plants ) and never went back to school to become an Engineer. I like creating drawings on a computer and didn’t want the responsibilities of being an Engineer. That being said I always knew I would never make the big money they do but I was OK with that. All my life friends could never realize why I liked going to work. Since COVID it has even made it better because I now only go in the office 3 days a week plus the company is a great place to work for.
I retired 3 years ago, and you nailed it sir “be a life long learner!” …you look great, stay the course and God Bless!!!
I've made a lot of mistakes in my life, now 55, and have very little to show for it. But Im still young enough to make ammends. Power on.
Another mistake is believing you can make amends. You will never get those younger years back and you should have made serious hay by now. It takes time and years to become financially stable, it doesn't just happen overnight.
@@blackporscheroadster-yw8hb I will do my best for the next 5 years. I will have to use leverage and take risks.
@@blackporscheroadster-yw8hb I aim to retire at 60 using hard work and leverage. I will keep you updated if you like. I restart work in March and will be saving and investing as much as I can.
@@blackporscheroadster-yw8hb Means he/she might try and get a job!🤣🤣
Thanks for making him feel better
I am 54 and retired last year. Last year I took 4 holidays! Jamaica, Croatia, Montenegro and Cornwall UK. I enjoyed each of them and this year I am going Dominican Rep, Thailand, St Lucia and Cornwall (again). Next year I plan for Australia (Queensland) and after that? who knows....I am going to the gym and sauna to keep fit and will finish my driving lessons too. I was so stressed at work and so miserable. I want to enjoy my life while I still feel well and fit and able. Thanks for your great thoughts. Very important topic
I am 35 and I loads this video! I sometimes worry about getting older and then you have just made me feel so much better about it all.
I retired in 2020 after working 32 years as a state employee at the age of 53. I saved and made some smart decisions over the years and do not miss working at all, life is too short not to take some time to enjoy it. Tomorrow isn't guaranteed for any of us and I've seen friends pass way too early, take advantage if you can....
I pretty much retired at 53 . The pandemic opened my eyes a lot more to the world we live in. Worked in the aged care sector for 10 years before resigning. The multiple stories from residents, about their experiences of waiting, working another year before embarking on their dreams , then health put a stop to that, made me think do what I want to do. Haven’t looked back
I turn 53 in July, 20 yrs working for CA prison system, 34 yrs total working for CA state Gov. I'm 2 yrs shy of the 55 yr old max pension, but it's not all about the money, I value quality of life, and my freedom. I work out, ride road & mtn bikes, and am an avid skier, and it's driving me nuts watching people ski mid-wk in empty resorts while stuck at work! I do plan-hope to work PT, 2-3 days a wk w/disabled youths and adults into my 60's, I do believe in staying busy & productive, but I really can't handle the daily rat race much longer. Thanks for sharing your advice and wisdom!
i'm same age and same plan. i'm crawling the walls thinking about how close i am to retirement. haha
I've got that same itch good luck man! @@1MinuteFlipDoc
Always great to learn from our elders. I'm 38, and yes, I agree live life to the fullest. No point of saving every penny while you are young then dying with millions and on the flip side no point of spending more than you make in your 20s and 30s then have to work until you are 85. Things like ATVs/snowmobiles/vacations/boats/etc. are more fun when you are young than older, but don't be dumb about it because I'm sure 75 year old you won't enjoy work as much (if you are still able to work). A body in motion stays in motion. Keep on your feet and keep your mind and body going.
I have had to retire unexpectedly, I'm not yet 60. Taking what you say to heart, encouraged to keep on with going to the gym 3 times a week and swimming as often as I can. Thankyou.
Sounds good to me, That's what I said.
I retired when I was 56. I had a great job but had terrible bosses, so when early retirements were offered, I took it. It was a little scary because I'd lose half my income in retirement, but I was a saver and didn't need a whole lot to live on. I worked up a spreadsheet that projected my future finances and it showed me that I could do it. 16 years later and I have zero regrets!
Thanks for sharing, Cabforward. That's the sort of comment I like to read about.
I’m 71 and still working, love what I do
@AtoZandbapffffftt
Me too. Age 76 and enjoy my career with no intent to retire. I am a financial advisor and truly enjoy helping my clients. I feel productive. Note that all these early retirees spend their lives being busy but what do they really accomplish?
This video is absolute gold! I see so many people my age (59) who barely can get around. Keep working out!
Sir, you look great for 87. Agree with everything you said in this video. I'll be 59 this year, God willing. God has blessed me and I've been retired for going on 8 years, this year. Take care.
You did the right thing, I'd say, Pat. I've just been watching a video by an Eddie Hope. His video is on RUclips and is called, Reasons to Retire as early as you can. It's one of the best I've ever seen on the subject.
I decided to retire at 62, as I got a new lease of life after a total hip replacement at 62. I was so delighted that I decided to retire the same year instead of 66yrs which was the planned age initially.
I wanted to really appreciate my new found mobility. It was the best decision for us (my husband also decided to retire at the same time).
We had to watch the money, but we lead a simple life so we could do that. We are now 66 yrs and have just received our state pensions so that will help. We try to stay as fit as we can, walking, bike rides the gym etc. We love our retirement and really enjoy our simple hobbies. I think you are so right that you can’t keep going on holidays, ( unless you want to of course) you need have a plan in situ, it takes a while to adjust imo. Also if you can achieve inner contentment, you can enjoy so many simple pleasures. Life rushes by and it’s so important to make the most of your time while you can, work is great if you enjoy it, but I feel that there is also a time to be free as well to do what you want to do, while you still can ❤
Thanks Arthur. I'm 51. Been working on my health seriously over the last few years. Working hard on my retirement gig for the last 5. Hope to retire end of this year. Good on you for spreading positivity
I would like to retire by 40. The thought of slaving away at some company for another 30+ years makes me want to cry.
I'm 43 and wanting to prepare myself for my older age. I joined the army when I was 20 and served for just over 3 years (got medically discharged for a broken femur). Being in the infantry taught me a lot about my limits and made me grow up quick. Thank you for your advice!
You are 100% right sir... I will be 55 this year but have a 10 year old son and can't afford to retire right now but I wish I could !.. I know there still wouldn't be enough hours in the day !
The wonders of the you tube algorithm. As I near my mid-fifties, your video comes up telling me what I need to hear! Wise words, thank you.
Thanks, Howard.
I retired at 56, not regret a thing. I am 66 now enjoying life at the fullest.
I could listen to you FOREVER ! Would love to hear about your life if ever you shared. Thanks for the guidance. I'm 70 in 3 months, yikes !!
Thanks, Steph.
Well done Arthur, well said, im 47 a few years yet for me, my own father worried about his pension all his working life, when he did finally retire at 65, he sadly died a few years later at 72, so you never really know whats coming down the track,nothing is guaranteed but yes your totally right you need a plan, to keep occupied, keep busy do what you love. As you said you cant holiday all the time, or go to the pub. Enjoy your retirement, wishing you many more happy, healthy years.
Thank you for the new perspective. That's 10,950 days to take advantage of between 55 and 85! At 46, I'm selling my business and transitioning into another which I believe to be my true mission in life. That's making the biggest difference I can through professional business and mindset coaching for mainly Christian business owners. It's an aim I feel I can do passionately for life with NO ceiling in regards to reach and effectiveness. My goal it to keep the joy in it vs. the grind I came from.
Once we feel we've found our 'calling' life takes on new meaning, that's for sure, ProCoach.
This is brilliant advice which focusses on the two most important aspects of retirement. You have so much control over your own health and fitness and yet so many retirees neglect it. Staying physically fit also improves your mental health, it staves off dementia.
If you realise you have twenty five or even thirty good years ahead of you then you realise you have plenty of time to realise your ambitions free from the need to earn money to survive. You can think big.
This video is full of people taking choices that actually relatively very few have. Glad for your good fortune and even more blessings to you. For most of us retiring so early is a non-issue for consideration as it couldn't happen. So even thinking of it seems a little weird. Still, best wishes for all who've had good fortune yesterday, today, and tomorrow.
Great point, User-ps. However, here in Australia the stats show that around 38% of people retire (lose their job in some way and can't get another) before they planned to.
@@arthurthomasware5004 I guess planning goes out the window, then.
@@arthurthomasware5004 That's terrifying. I hope such a fate does not befall me.
Wise words I’ve just finished at 57 Gonna take this on board. Thank you 🙏
Good on you Arthur. I'll pull the pin on my career the day I turn 60 and can get hold of my super. It's amazing how many people say "won't you be bored?". You'd have to be completely institutionalised if you couldn't find something better to do with your time than be at work!
Exactly. I would need at least one additional life to try everything that I would like to try, see or experience.
A lot of people ARE institutionalised, though. They retire and have no hobbies or interests as were too busy working. So they get bored and even miss work and some go back after retirement.
I’m a way off retirement yet but, at 45, I’m very interested in the experiences and advice of my elders. Much appreciated. Keep on keeping on!
He’s some advice, work out roughly what your after tax pension will be, start living each month on that much money (as close as possible) and use the rest to clear debts or make additional payments to your pension scheme. When you retire the income drop won’t be very noticeable and you’ll have less debt to worry about.
Worked for me. I retired at 50 and nine years later I’m chilled and stress and debt free.
Arthur, you are a gift my friend. Loving the videos and learning from your experience, please keep the videos coming.... Thanks ever so much for sharing your life experiences with us, I got a lot of value from this. Cheers! Alex.
Thank you for the wisdom. I retired early because i discovered investing in my late 20's. What hit me the most was "u can't holiday forever" I haven't found my true purpose yet but i've returned to my love of skateboarding and that is one of the activities that'll keep my body young and strong when I hit my 50's and beyond.
my grandfather sold his bar at 66 years old and was wealthy, never needed to work again. he however got bored after 6 months and went to work on a road sign crew and loved it. he was basically forced to retire at 70. he was so sad not having something to do. when he worked he was healthy and happy but with nothing to do, he quickly got depressed and died at 80. he hated having so much time on his hands with little sense of purpose.
Reading that, I'm wondering, "forced to retire at 70, "yet he lived another 10 years. One of the reasons I'm making these videos is that people will be motivated to find something to do after they've finished working - finding a sense of purpose IS important. Thanks for posting, Realitwithin.
My wonderful Grandfather was forced to retired at 65, got bored, and started working with a competitor of his old company. FOR 24 YEARS. When he finally was begged to retire he lost enthusiasm, even with a fantastic wife like my Grandmother. All their friends had already passed on and everyone but my Mother and I (i was very little) had moved far away. Only thing that kept him going was vacation trips to islands. But some people just NEED to keep active with work. Hobbies are cool, but I think getting rewarded with tangible rewards adds an extra spark. He was once a poor orphan who lost his siblings to great flu, TB, or coal mines. Keeping busy his whole life keept him sane. I advise people keep a backup plan and do trial runs of retiring. #sabbaticals
I decided to quit at 43, after “COVID BS”, now at 48 it’s been wonderful. I do agree with the advice on this video. Work is a distraction from life, once I stopped working I’m realizing so many things and events that I did not before.
Thank you so much Arthur for sharing your wisdom on retirement and health. I am 60 this June and have the possibility of retiring from the railroad at 63 with a 25yr pension. I have turned the corner on being better about what I eat and need to work on the exercise bit. You have given me much to think on and plan for... so thank you!
No man on his death bed ever wished he spent more time at work...
This man has graced us with his wisdom! Much respect!
I have to say Tom, that your views and wisdom on retirement are the best. They keep this young retiree truly inspired, so much so that I'm just about to have a weight training session! Then, get those remaining steps up to reach my 10,000 mark for the day. Thank you and cheers, Sean.
Glad to hear it, Sean. And thanks once again for being such a consistent placer of comments.
So good to hear wisdom from you sir. I didn’t want to listen to people much older than me when I was in my 20s but now I realise how right they were. Thanks for the message. May I and all who need to take heed.
I retired at 65 I’m now 73. My wife is 73. I was advised many years ago by a workmate to make sure you have a good pension plan. What good advice. My wife and me both put money into our joint account which pays all of the household bills with a fair amount left over at the end of the month. We also have our own bank accounts which we use as we please. All of our pensions are net with all taxes paid when we get them. We have no mortgage or loans, so just normal household bills to pay.
I worked for 50 years and my wife worked for 46 years, just taking time off when the kids arrived. Life is good at the moment so I intend to take this guy’s advice and squeeze as much as I can into my remaining years … listen to what he’s saying, good advice.
I flew private jets for the richest billionaires on the planet. I am 67 and retired 10 years ago… Sometimes I question whether I made the right decision because I could’ve made quite a bit of money but the one thing money can’t buy is time. I made the right decision.
Yes, you did.
Appreciate your video, your voice and wisdom are very impactful. Love reading all the comments, too. I’m 59 and lost my job a few months ago due to it being a startup that failed suddenly. My husband is 58 and just decided to retire, too. I have been watching a lot of Azul’s videos and now yours, too, and they help me to feel confident that we’re doing the right thing. We are both committed to exercise, but unfortunately there are no guarantees when it comes to health. It’s scary leaving behind his company’s healthcare plan, but we’ll hope for the best. Thanks again
Thanks, Diana. Yes, I also look at Azul's videos. He knows what he's on about.
40 year old here planning..
So refreshing seeing the older generation giving advice on YT. Thank you, you are an inspiration to me and I’m sure many other people. This is an invaluable message!
Quit at 53 and now 84. Look forward to every day. Don't delay if possible. You'll live longer.
Concur your views entirely, Clooaan. Let's hope the message is getting out there.
Bull dust, you die of boredom two years later.
@@merpav it can be boring.
I agree.
I'm retired 2 years now. Age 67.
Male. Fit. Thank God.
I'm planning to move to South America this year
Get a place in the outback. Start rearing animals. Try to open a tourist business, angling.
How can you afford it?
@@frankjamesbonarrigo7162 Pension- contributed into from the age of 20 knowing it would pay off.
Well put Arthur. I started to take retirement into consideration at 35 after I lost my dad due to stress from working too hard. At 41, I remember having a consultation with a financial analyst, and it was incredibly insightful. Can’t stress enough how helpful experts in this field are! At 45, I have enough financially to retire. I plan on retiring at 50 though.
Absolutely agree! A good financial analyst can make a world of difference. What specific insights did you gain?
As long as you diversify your portfolio, any single stock or investment that you own shouldn’t have too much of an impact on your overall return. If it does, diversifying might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding me profit with help from Jonas W Herman.
That’s awesome! I’ve been contemplating hiring one since I can’t get a hang of investing even after buying courses. I’d like a discussion with him. Any means to reach him?
Sure,
Hermanw jonas (a g mal comm
I started working with Jonas back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
I’m 53 and plan on retiring at 62 (I wish 55 was a option)
Health will be the key.
Glad to see you are still going.
Thank you Arthur , you speak a lot of sense . With the grace of God , I will be as sharp as you at 87 . Congratulations on your life to date . My age ? 74 , been retired for 4 years and as busy still doing manual work as when I was gainfully employed .
I am 52 and when I was 44 I decided to take up yoga and Pilates and changed to a very healthy diet. It was the best decision I have ever made. When I do retire, if I live that long, I will be healthy and happy and ready for the twilight years! Thank you for the video! ❤🙏
very wise
I retire next year, at 66. I'd love to retire right now. I'd have loved to retire 10 years ago. But I work in a low income sector, have no private pension, so have no choice. If I go now, I have no income. Simple as that.
I love this message. I "retired" a few months ago age 37 precisely because I the things I really want to do with my time require me to be fit. There's still plenty of time for my finances to go tits up and I have to return to work but I'd much rather take the risk now and live a little than work until I'm too old to go on the adventures I really want to. You only live once!
Wow… good for you. Enjoy life now … what a great idea.
Nice advice Mr Arthur 👍🏼.
Knowledge is powerful! And stimulates the mind.
And fitness is certainly crucial to living a long happy life.
I'm only 37 but still decided to watch your video out of interest.
Have a great 2024!
All the best you Sir.
Medically retired at 53 and 5 years later have almost regained my health. Can't say Lyme Disease was the best thing to happen to me but I'm really looking forward to my next 5 years.