6 Things You SHOULD Spend on in Retirement (Before It’s Too Late)

[@JohnKelly-xl5su]

I could have retired at 55 however I chose to continue working until 70, boy do I regret it.

[@nickjmaher]

Thanks for taking the time to comment. Why do you regret it?

[@JohnKelly-xl5su]

@@nickjmaher because I now have arthritis in my back and knees and have just been diagnosed with a heart problem, all the things I planned to do in retirement are cancelled. It was all possible at 55.

[@nickjmaher]

@@JohnKelly-xl5su that is a lesson for the under 55s. I appreciate you sharing.

[@pyxosthaumatikos]

I thought I was going to drift along working less and less pretty much for ever, but I had to have a sudden major operation aged 64 3/4 and it made me rethink. I stopped...

[@foppo100]

@@JohnKelly-xl5su I retired at 53.Then started working for a small company with a lunatic in charge.I have always been loyal kept at it for 7 years.Ended up with cancer I think mainly due to stress.Massive operation and I survived it never never work for a bully believe me it will kill you.

[@stevegeek]

I needed to watch this. Recently retired and still nervous about moving from “earning/saving” to “spending”! It’s a big switch. I need to remind myself to have fun while I can.

[@nickjmaher]

I hope it helped. Thanks for your comment.

[@jimray2281]

Yes indeed. I learned a harsh lesson with my Dad becoming a paraplegic not long after retirement and just after buying his first ever brand new car - brutally sad

[@ddavidson5]

I think transitioning from saver to spender is probably the most difficult transition people have to make in retirement. After decades of "saving for the future" old habits die hard. It is sometimes difficult to realize when you are retired that the future you were saving for has arrived. What I try to tell myself is "If I didn't save it so I could spend it then why did I save it?" Afterall at it's core saving is current consumption deferred for future consumption and if that future consumption never happens then saving it in the first place was a waste of time, energy, and ultimately money.

[@nickjmaher]

It requires a shift in mindset. Thanks for sharing your viewpoint.

[@Old_Sailor85]

100% I tell myself, this is why you worked those 60-hour weeks, overnighters and weeks out of town. This why you paid off all your debt. We can do what we want. I tell my wife, if you want something, get it (obviously, within reason). We no longer have Christmas or Birthday presents. May not make the next Holiday.

[@mre7550]

Please dont say transitioning ffs

[@kateandrews8506]

Getting a dog was the best choice I made when I retired at 57. Hugely rewarding & surprisingly sociable.

[@nickjmaher]

Thanks for your comment.

[@Old_Sailor85]

My dogs make sure I get my daily walks in. Plus, they're just great to have around. They make me laugh every day.

[@jamesdavies9764]

Well Nick, I think you have separated yourself from the unwashed masses in this one. I retired at 63 with enough money to buy a small home and a bit left over for some home renovation, necessary travel to visit elderly relatives (in UK, I am in Australia) and emergencies. Plus a very modest lifetime annuity-based income. Sportscar, boat, world travel, in-home sauna, fancy kitchen and backyard pizza oven, Vancouver to Alaska cruise ?- you have to be effing joking! Fortunately I am content with far less - the natural world around where I live is great, a few good friends, an occasional meal out, good books, a cup of tea and a digestive biscuit - and I am quite content. I enjoy your channel. Cheers.

[@raylewis3073]

I’m 72 and this is great advice for anyone 59 1/2 and up. I’ve been retired since 2016 and finding ways to enjoy myself everyday

[@nickjmaher]

Thanks for your endorsement.

[@allisonspeer649]

Yes to the music festivals. My girlfriend from high school and I went to the HIppie Festivals three years in a row. It was great, we got to relive our teenaged years, dressed in 1970's garb and brought our mini vans that we converted into campers. We were able to camp near the stage so we enjoyed 3 days/nights of live music and fun. My biggest guilty pleasure right now is travel, there's always somplace to go!

[@nickjmaher]

Sounds like fun! Thanks for taking the time to share.

[@MrWillBuisman]

Greetings from across the big Ocean, Sunny Florida. Great videos!! Love your way of thinking. I feel the same way. Turning 61, is a big woof. I feel the same as I did when I was in my 20's, mentally not physically. The way I see it, live your life before is too late. Don't let your mistakes define you. once you let go of the guilty feeling that's when life will start. Forget the past, just keep the good memories. Be honest with yourself and your loved ones. Keep your mind and soul occupy. Here in the USA, people over 60 are going 100mph, they're always in a hurry, maybe they think tomorrow is their last day. Who knows! My wife always reminds me to slow down. I have so many projects the keeps me busy and living. Be well my friend and keep living your life to the fullness. Cheers

[@nickjmaher]

Thank you for your endorsement. I appreciate you taking the time to share your advice. My best wishes to you too.

[@charliec9369]

I retired at 58 and am now 63. I had a bad accident last October and broke my neck and upper spine. Very fortunately I am almost completey recovered now. I totally agree that you should top load your spending as you never know whats around the corner. We have several trips planned and are going to make the best of retired life.

[@nickjmaher]

Thanks for your support. What an horrific accident. I’m pleased you are nearly fully recovered.

[@wendybrierley5412]

You are absolutely right. Husband and I both retired early and we had 4.5 years travelling. He passed away suddenly and I was left on my own. Life was hard initially missing him but I had to swim or sink. I still do some travelling with family or friends or on my own. But as I get older I will not want to do long haul flights. I do line dancing and some sequence dancing and I joined Lunch clubs and socialise. I also have lunch out with friends, quite busy really. You never know what's round the corner!!! I miss him everyday!

[@dawnmartyne]

Really great points here. Also your voice is easy listening , engaging, and fast enough not to get bored

[@nickjmaher]

Thanks for your support.

[@andybrown7360]

I agree with almost all of this. My wife and I retired at 56. We had enough (money) and had had enough (working for others). We have done most of the things you lost - I bought a Porsche 911 - but resto-modded it so its unique, and a Range Rover for her, have had a holiday per month for 30 months now with 10 more planned and booked for 2025 - we are still both 58, we eat out together once a week - set price lunch menus in good restaurants are great value, but we also eat / drink with our male and female social groups aswell, we’ve been to the theatre or seen a new film every month, we go for at least one decent walk together a week with a good oub en route,we both do lots of sport - me rowing and cycling and her boot camp - make sure you do weights! we have date night once a week where I cook steak and we have a great bottle of red. We do not drink alcohol every night but have moved to non - alcoholic gin and tonics because we love the ritual of a good G&T, we have renovated the garden and spend time in it, reading a book or listening to a podcast is an interesting and legitimate thing to do in the daytime, so is having an afternoon snooze!, retirement is fantastic and if you are bored or frightened that you will lose your work identity during it - thats because you lack imagination!! My rationale is that in our 70s we are likely to get some form of ill health. Therefore we had 15 years to be as active as we could be. I would recommend anyone in their mid to late 50s to cease full time work if they can financially.

[@nickjmaher]

I appreciate you taking the time to share this comprehensive snapshot of retirement. You nailed it! 👍

[@dermac126]

I agree all the way, just retired, not extravagant I have a small one bedroom house and little garden, I decided to use some pension on a brand new kitchen, I’ve plenty of energy, healthy and been decorating the whole place. I don’t particularly like travel nowadays, can’t stand the rude people with their phones constantly yapping all the journeys. I would fly but only if first class so that’s out? Joined a walking group and really enjoy it but I don’t like being crowded. I hate grocery shopping, same thing people yapping on their phones hovering at shelves, so frustrating…so quick shop n go. I go train trips with a friend and love seeing some towns never visited before.

[@nickjmaher]

I appreciate your endorsement. Thanks too for sharing your story.

[@gerhardmeyer8891]

We spend the money while still working in our forties travelling the world. Retired at 65, which is fine, we have lots of stories to tell at the barbeques, and socially active in our small village, which is fine. The experiences we bought at 40 makes up for the much more simple lifestyle now

[@nickjmaher]

I appreciate you sharing your story.

[@keepitreal1547]

Travelling the world slowly & then will return to & settle down for the rest of my days, in my favourite place.

[@nickjmaher]

Sensible plan. Where is your favourite place?

[@keepitreal1547]

@@nickjmaher I'm at around 40 countries so far & travelled extensively in 15 or so of those. Many more to do, yet so far SE Asia in general, particular parts of France & Corfu. All very different to eachother, yet cultures & places i've felt I could settle for the rest of my days.

[@nickjmaher]

Corfu is lovely. I might “fully” retire to Portugal one day.

[@keepitreal1547]

@@nickjmaher Daughters just back from her long term travelling adventures & the same, she has the bug. Very proud of her for building her character in travel. Portugal nice & again it's a great place to retire, I wonder if it won't be spoilt by too many expats in the future. I loved mid Africa & Kenya especially, but couldn't settle there due to the immense poverty & corruption.

[@BobsUtopia]

I'm 61 and finally retired. (I tried frustratingly to semi-retire.) I've been feeling a little lost. Your videos are exactly what I need.

[@nickjmaher]

I appreciate your endorsement. I’m glad they helped.

[@geoffreystone4849]

@@BobsUtopia get some hobbies and meet new friends.

[@24hourgmtchannel64]

Agree very much. I retired at 53 in 2019 and this year bought the vintage air cooled 911 SC. Always thought they were overpriced but this year thought life is too short. Fifth year in retirement and my net worth has increased 25% since 2019 while taking monthly withdrawals to live.

[@nickjmaher]

Thank you for your support. Great car!

[@London-q4i]

Hi Nick. As a retirement present I bought a Mercedes e400 cabriolet. Joined a car club in West Sussex, classics and modern classic cars also great for social contacts. Clive

[@seanmorgan4099]

I retired 6 months ago at 58 and loving retirement. Been travelling heaps with the caravan exploring Australia. Did a 2 month trip to Europe and have a 4 month trip to Europe booked next year ( and will buy a motor home to tour around in there). I have my eye on a Mini Cooper S as a play toy - my other toys are 3 bikes worth many thousands of dollars which are extravagant really. The other thing I think in retirement is having more time to indulgent in what you like doing - I now head out for a bike ride at 8 in the morning instead of 6 and so much nicer. I too want to do Vancouver and the cruise to the Arctic Circle. Perhaps see you there!

[@nickjmaher]

Thanks for sharing your journey. You’ve nailed retirement! See you on the cruise 👍

[@davidjones8027]

Cars! The biggest waste of money known to man! With regards to a bucket list. I just replaced the B with an F and felt so much better!!

[@davidjones8027]

@Calgacus-i9k I agree totally. 50 things not to do before you die would be more fun and much cheaper. One of my top 5 is to stop watching KZbin videos of people bragging about what they have bought in retirement and how wonderful their life is!!!

[@nickjmaher]

One of them anyway.

[@scottastell9415]

Yes, just buy motorcycles and petrol scooters to ride! LOL

[@geoffreystone4849]

At 75, im working remotely on cruise ships. All my washing, bed making, shopping, cooking, cleaning, entertainment all done for me. All piad for by clients who have no idea where i am.

[@nickjmaher]

I appreciate you sharing your story.

[@allisonspeer649]

Sweet!

[@leetarrant5630]

Are you reading this? talking way to fast.

[@Crystalquartz964]

Im 67 and my husband is 69. We're currently on a medium size cruise ship on our way to Indonesia sailing on the South China sea. We flew to Singapore for 3 days exploring first. Great fun!

[@george11419]

I have never yearned to travel. But I love to walk in Yorkshire. I went every year after retirement at 50 for 26 years until the onset of arthritis in my foot. I’m glad I went before it was too late. But I can still sail my boat. Spending on the house is dead money. I’d rather ‘make do’ and enjoy life.

[@nickjmaher]

Thanks for sharing your journey.

[@raymondgrose9118]

A cruise from Vancouver to Alaska is exactly what I did a few months back. Fantastic

[@nickjmaher]

I can’t wait 😛

[@SteveHearn]

Good advice! We are approaching 63 and plan to retire at 65 - we have already travelled the world but still have places to visit and to revisit some of our favourites! We started cruise ship holidays ten years ago and love them so will be booking many many more of them for the next 10 to 20 years! Good luck with the op! Alaska is wonderful, we did a 14 night cruise out of Vancouver last year & it was fantastic!

[@nickjmaher]

Thanks for your endorsement. It’s good to hear from a fellow cruise ship addict. I’ve lost count. We first sailed in 1988, and had at least one a year since.

[@dinaschirripa95]

AS SOMEONE WHO NEVER LISTENS TO ANYONE - I DO THINK YOU TALK SUPER SENSE - ALL THE WAY FROM AUSTRLIA ********************

[@nickjmaher]

I’m pleased to hear that. Thanks for your endorsement.

[@UsualSuspect404]

Great video!! Kindred spirits we are.. Pet Shop Boys, The Clash, Bowie. I retired at 57 and am now 60. Planning a trip to Thailand and another to Costa Rica. A very good 11:00 mins of my life spent on this video. Thx!

[@nickjmaher]

I appreciate your endorsement. Have fun!

[@tripswithgriff]

Interesting list and I agree with all of them, BUT....... I also think the topic of health & fitness should be on the list! Join a quality gym, get a coach, get some good kit etc etc whatever that may be, but INVEST in your health and fitness. Frankly it should be #1 IMHO as pretty much everything else on your list can only happen as long as you stay healthy and fit. Best investment I mae after retiring at 51 has been joining a really good gym with 1-1 coaching and getting stronger an fitter instead of the opposite as you age....

[@nickjmaher]

Good advice. Exercise, and in particular walking and strength training, are essential for a good retirement.

[@brianvickers72]

Hi Nick, I love your tips on retirement although finances do not always allow you to retire at an earlier age. I am 77 and retired from full time work at 65 and part time work last year at 75. This made financial sense for me personally. I play golf twice a week and also play guitar in a rock band . People think that when you are 65 you are knackered but thankfully i am in good health and continue to enjoy life. The HARDEST thing is switching from saving to spending , as old habits die hard ,but i am trying. Hobbies etc have never been a problem for me and I would like to fly the flag for us older guys who are far from finished at 77. Keep up your interesting videos .

[@nickjmaher]

Thanks for your endorsement. I appreciate you taking the time to share your story 🙏

[@MichaelDowling-w8r]

Learning to speak French competently so I can converse with Canadians in the Quebec provinces who ski in northern Vermont, and when we travel to Montreal and Quebec City which we can reach by car from New Hampshire. Thanks for the recap from one who worked to age 70 but is now learning to relax

[@nickjmaher]

Thanks for your comment, and support.

[@North-of-the-49th]

@MicheaelDowling-w8r C'est tres honorable ce que vous faites. La plupart des Quebecois sont bilingues mais nous apprecions enormement ceux qui nous addressent en francais. I totally love skiing Stowe and shop in Burlington. Vermont is an absolutely stunning place, friend! Cheers a vous et your family!! 💙 from Montréal 🇨🇦

[@7SideWays]

"I'm a real early retiree, not a 30 or 40 something financial planner". Love it! Thank you for teaching us to plan and enjoy spending earlier.

[@nickjmaher]

You are so welcome! Glad it helps.

[@Christian-thefrog]

Great advice, I retired at 45 against my wishes. Despite having a great CV I could not get my next gig, freelance IT. Gave up after 4 years trying. So 50% travel, big bike. No more sports car, I had a 911 in 1990 and the company was shite when you had even a small problem. Same with BMW 1200GS, Honda is your friend!!!! Best of luck with your op. My gall bladder was checked by a specialist,maybe 10 years ago (I am 69 now) , mud and stones in it. He said no pain, no jaundice, don't touch it....I am now a OINK (Ok Income No Kid), much better than a NIFK (NO INCOME FOUR KIDS)!!!!!

[@nickjmaher]

Thanks for taking the time to share your journey. I got sports cars out of my system in my 30s/40s. No car now, I use the wife’s old mini convertible. I might get a Tesla next year after the op.

[@tonyhodgkinson2569]

Full agreement here, always loved music and spent a chunk 7.2k on some awesome loudspeakers.

[@nickjmaher]

Thanks for the endorsement. They must be good speakers?

[@stephenandrews2660]

im 71 and have 7 motorcycles motorcycling the epitome of freedom happy days

[@nickjmaher]

Good for you.

[@Wallaby1961]

Just found your channel & really enjoyed a few videos. Biggest issue for many retirees is going from saving mentality to a spending one! Liking your suggestion of spending more in earlier years of retirement 👍🏻

[@nickjmaher]

I appreciate your endorsement.

[@markhenry192]

Could not agree more. My financial situation is not on your scale, but I intend enjoying what I have based on a life span around mid 70's (on account dementia killed off my Dad at 73). Excellent advice, thanks.

[@nickjmaher]

Thank you, I appreciate your support. Sorry for your loss.

[@randersson3672]

Spot on...retired at 42, and now in my mid 50's I have spent lots on cars and motorcycles, more than most working people are able to do. Money is my main hobby so I have way more money today comp to when I my freedom started 15 years ago.Just take the leap before you are too old and tired.

[@kevinhouse7143]

Hey Nick, love your content and have been watching quite a few of your recent videos. I did notice though especially in this video that you have edited out all of your natural pauses and speech breaks almost to the point of distraction. Maybe it's just my ears but the pace and the tonality of your voice might benefit from keeping a bit more of the natural pace and intonation into your final edit. A bit more conversational and warmer, a bit less rushed or hurried feeling, hey you're retired, what's the rush! ;-) . Just my take, anyway love the topics and wisdom you are sharing.

[@markjenkins3329]

You are certainly talented if you manage to afford your life style when you retired at 44. You might like to share how this can be done if you are not in regular employment as I for one would be very keen to follow your advice.

[@nickjmaher]

Maybe one day!

[@boatman6865]

I’m 60 and can afford to retire, however the amount of money I can earn currently is very high, probably 15 times as much as my adult kids. The temptation is to work a few more years to make it easier on them.

[@nickjmaher]

It’s a difficult decision. I hope you find the correct answer.

[@Barbarapape]

All good advice provided that you have been a saver and not a spender whilst you had a good income. I made the mistake of spending far too much in my early years thinking that retirement was way in the distance. Hence now i am retired, and that pot of gold is not there. My advice is is ignore the temptations of buying luxury goods until you have sufficient savings that allow you to indulge later in life.

[@nickjmaher]

Thank you for sharing your viewpoint.

[@hardlines2635]

You mentioned music, i think its great to take up learning a musical instrument, I've played guitar for many year, but I've started to learn the piano, i admit i play like Les Dawson at the moment but im in another world when I play, 😂

[@fredgarv79]

retired at age 59 and don't regret it. I even had a very low stress job but had been there over 40 years. Got tired of getting up to be there by 8:00 am. I have an alfa romeo and love it but it needs work so I feel spending money on it is worth it for the pleasure it brings me. I also love classical music and this past week have gone to 3 concerts in Seattle in one week. The last one took me 90 minutes to drive there but it was so great I don't care about that. After all I can leave early since I don't work.This thursday I am going to see the seattle symphony do mozarts 40th and 41'st for $40 . It's funny what he said about the pizza oven and making your own pizzas. I had the same experience at first it was ok then I realized why not just pay somebody to do it for you who is probably much better and has better equipment anyway. The only thing I miss is the experience of a beautiful young woman being by my side. Something I can't really hope for now.

[@nickjmaher]

Thanks for sharing your story.

[@iamhandy-man]

"They're no fun if all you can eat is a bloody chicken salad." 🤣🤣🤣 I'm glad you still have your sense of humor. Hope you are able to get your operation soon, Nick!

[@nickjmaher]

Thanks, I appreciate your support.

[@mmcin719]

I retired at 74, I was self-employed and enjoyed my job. After a year of retirement, I am just as happy as I was when working, no more no less. We have enough money, 3 cars, one a sports car, a big country house and a city apartment. We have travelled extensively and do not much care for it any more, we have given up alcohol as we have lost interest in it, we rarely eat out as we can eat better at home. I am trying to draw up a bucket list and cannot. Perhaps it was because we did so much before we did retire and now we enjoy our company. One thing that has changed and started before retirement is lawn bowls where we are very active. The thing is, we have such a great big house with a large beautiful garden, which we designed and have extensive rural views. we are very comfortable here. We also are active in community service an are very happy. I really do wrack my brains on things to splurge on and come up blank as we have it all, including grandchildren, we see reasonably regularly.

[@nickjmaher]

Thank you for taking the time to share your journey.

[@APW-ry2ok]

Good advice ,spend it whilst you can and enjoy your life doing what you want to do ,for us it’s beach walks first thing in the morning then having breakfast with latte coffee with chocolate sprinkles on top lovely ! Playing one of my guitars is normally part of my day as well ,just doing what you want when you want !

[@nickjmaher]

Thanks for your endorsement. Sounds idyllic.

[@chrisbrader7720]

Nick please don’t worry about the gall bladder opened after. I had mine removed 6 yrs ago at 58,with keyhole surgery and barring a few close loo calls over 6 yrs I’ve been 100%. And thank God it’s out! Still eat exactly the same and really never ha d a poor diet . I was shocked to be told as a fairly fit 58yr old Male that it was normally Fat,Fifty yr old Women that were the main sufferers. Good Luck…..Don’t Worry.

[@nickjmaher]

Thank you for your comment and reassurance that all will be good after my op. It’s good to hear.

[@FarNorthLiving]

Very true. Dad is 90 & mum 86. Other than the odd meal out they spend hardly anything.

[@nickjmaher]

I appreciate the endorsement.

[@TheThinker-ce5kq]

Great stuff. Average length of time a pension is drawn is 8 years. So spend.

[@nickjmaher]

Thanks for sharing this fact.

[@StephenOshea]

very nice video here

[@nickjmaher]

Thanks for your endorsement

[@wynhughes9072]

I'm in my 70s love driving my RS3 also Beetle Cab. in the Summer months.

[@nickjmaher]

Good for you. I enjoy the wind in my hair too!

[@alecdurbaville6355]

I can’t be spending less money in my 70s and 80s than now and I’m still working and I spend practically nothing now other than monthly expenses and maybe two cheap U.K. Airbnb breaks a year. My wife is older than me and will probably die first so purely from that my expenses will go up. Then, even though we’ve been together 26 years and married 15 years, the house has always been in her name. Sure I paid half the mortgage from when we got together but she already had equity. Subsequently it has been me that’s paid for all the extensions, new kitchen and most improvements and repairs (or done all the labour). But it’s still her house and she won’t budge on that. She also won’t tell me what she’s planned. Therefore I can’t spend when I retire because potentially if she wills the house to her niece and nephew (who will spend the lot, immediately) I will have nowhere to live. Currently the house needs a new roof, a new drive and a new bathroom as she’s become disabled and there’s no way I’m paying for any if it just for her relatives to pocket and kick me out. This leaves be between a rock and a hard place because I need to have enough money to buy somewhere or rent for the rest of my life. And anyone shouting ‘divorce’, no, that would ruin me because my paper assets are worth far more than the house so I would have to lose around half of what I’ve got (court position is start at 50% then adjust, her future earning potential is zero, mines a lot), so I’d have to rent and work forever or buy a very small starter home with a mortgage in my early-mid 50s, not a great move, and continue working for another 20 years to pay off the mortgage. Meanwhile I’d gave a drastically reduced pension and no means of increasing it due to paying the mortgage. Catch 22. Don’t spend it all down in your 50s unless you are completely and I mean completely in control of your finances. And if you’re married, you aren’t. I’d add further because I’ve seen this a lot, particularly from boomers. If you received hefty sums from your parents, have children and are now planning on just spending the lot, shame on you.

[@nickjmaher]

I appreciate you taking the time to share your experience and thoughts.

[@raymondharding8443]

Good advice! We have done the Alaska cruse from Vancouver, worth every penny! I also recomend the 2 day Rockey Mountaineer train trip from Vancouver BC to Jasper Alberts.

[@nickjmaher]

Thanks for your endorsement and advice.

[@paulcherrytrains3339]

Retired at 60. Joined 2 skittles teams combines well with my liking for real ale this also boosted my social life. Re started my model railway hobby started a you tube channel about my hobby. Bought camera gear to make the videos. I try to make time for family and friends. When we retire it's as much about how we spend our time. Cheers Paul.

[@nickjmaher]

Hi Paul, thanks for sharing your story You are spot on!

[@scottastell9415]

A Motor Scooter just for the fun of riding to a cafe and watching the world go by or to the next village to pillage. LOL Love my Kymco Agility 300cc scooter and the banter I have with friends out and about. I'm 70 at Christmas 2024.

[@nickjmaher]

Thanks for sharing your experience.

[@davidbowie2046]

Maybe I've been lucky, but I've travelled most of the world and had a few sports cars. 55 now and I've dropped down to part time in work and took a few pensions I've built up over my work career. Hobbies and interests are a must have. You need to keep your mind and body active and social interaction is so important. Other things I'm doing is equity release on my house. don't have any kids, so no one to leave it to. I'll be buying a camper van and travelling around Europe and the UK. Oh I've been to Japan and it's an amazing country.

[@nickjmaher]

Spot on! Thanks for sharing your story. I have been equally fortunate.

[@miatamadd]

Hey Nick, I enjoy your channel. I just retired at the end of 2023. I lost my partner of 10 years back in 2019. His mum was from Blackpool and a war bride to an American GI. In any event he was very conservative and when he died at 67 he had over 1.2 million in retirement funds and in cash. His only real pleasure besides reading was travel and he did plenty of that....I realize how quickly life can change...so I do more of the things I love.....besides travel, I love all kinds of cars. For years I had a Miata convertible. Like you I just have an electric car BMW i3 but looking for another convertible. I'm also back in school for culinary...something that I enjoy and gets me out of bed in the morning. Thanks for posting.

[@nickjmaher]

Thanks for your support, and for sharing your story.

[@Deepthought-42]

I am retired and I spent half my money on loose women, fine dining and alcohol. The othe half I wasted.

[@nickjmaher]

Good for you.

[@stephenandrews2660]

what a player GOOD ON YER SON

[@leetarrant5630]

Georgie Best joke

[@Deepthought-42]

@ Glad someone remembered.👍

[@geoffreyrobert4132]

In theory, you do spend less as you get older. However, the inflation experienced over the last 25 years has at least halved the purchasing power of money. Nice cars you bought for 25k in 2000 are 50k pus today and the same goes for everything else including food and living expenses. So don't be fooled and spend it all too quickly. The currencies are all devaluing rapidly as of now so be very careful with projections for the future

[@nickjmaher]

I appreciate you sharing your thoughts.

[@geoffreyrobert4132]

@@nickjmaher I retired in 1998

[@nickjmaher]

@@geoffreyrobert4132 👍

[@marcomarcon5802]

I retired a few months ago, at age 70; it was a difficult decision because I liked my job. I am now travelling a lot, but I have zero interest in wasting money on a fancy car. I sold my Honda, and when I need a car, I just hire one, but I live in Europe, and trains go everywhere. As for downsizing, now that I am single, I have moved from a two-story house to a two-bedroom flat in a 16th-century building in the historic centre of a beautiful historical European town. Getting out of the door is like being on a movie set. I've never lived in a place I liked so much. It fits me like a glove and is much easier to maintain as it is small and fully renovated.

[@nickjmaher]

I appreciate you sharing your story and experience.

[@stephenclay6852]

Hi, there is a lot of sense in what you say. But don’t try and live beyond your means. And the only other point is retiring early say 55 or earlier if your lucky is hopefully you’ve got a lot of years in front of you as well as time to fill which all costs money. What I did when I retired at 54 after a couple of years was to get a little job a couple of days a week to give me the spending money for day to day living and my savings to dip into for the holidays and a new car every 3 to 4 years. Unless you have a fantastic pension or have had a very highly paid job which you must of had to retire in your fourties’. I definitely can recommend if you can finish full time work then do so. I know of to many people that don’t make it to the official retirement age and with consecutive governments increasing the retirement age you will be to old or ill to enjoy those last years. So if you can retire early then do so.

[@nickjmaher]

I appreciate your endorsement and you sharing your story and advice.

[@paulgrinsell4780]

Really enjoying the video's Nick, thanks!

[@nickjmaher]

Glad you like them! Thanks for the endorsement.

[@michaelcharman7627]

You have put my mind at rest We have just purchased a vw camper van for travelling and are having a new kitchen extension built I was worried may I shouldn’t be spending all that money in retirement but I feel a bit more comfortable about it now Makes sense not to wait till you are too old to enjoy things Thanks

[@nickjmaher]

Sounds great! I’m pleased the video helped put your mind at rest.

[@pippipster6767]

Many out there working and saving only to leave it all to someone else. Properly bonkers when you really think about it.

[@nickjmaher]

You’ve got a point 🤔

[@mrdoodle8748]

Travel & motorcycles, (I have five) are my main interests. I travelled a bit in my 20's, Africa, SE Asia & Australia & I intend to return to SE Asia for some more travel when I retire next year. Travel really does broaden the mind. I may also purchase another bike , I love tinkering with them.

[@nickjmaher]

Thanks for sharing, and taking the time to comment.

[@StevenGreenGuz]

I’m 66 and still working and loving it. The thought of retiring when I was 44 would have been mortifying. Why would anyone do that?! What did you do with yourself?

[@nickjmaher]

I appreciate you sharing your views. I found plenty to do!

[@StevenGreenGuz]

@@nickjmaher , I’m sure I will find lots to do also when I retire too. The problem I see with folk who retire early is most of what they do is self centred. They travel, they indulge in hobbies. What they often don’t do is contribute to society and to others (beyond economic contributions). I wasn’t ready for that at 50 or 60. But maybe soon.

[@nickjmaher]

@@StevenGreenGuz Spot on. You can’t use your years of knowledge to good effect by travelling and indulging hobbies.

[@garphykeks]

Well said👌😎

[@nickjmaher]

Thanks for your endorsement

[@GG5150]

Good stuff. 56 now, aiming for 58 finish. Aiming to buy new guitars (acoustic and electric), visit all European capital cities in 5 to 10 yrs, Australia/ New Zealand, lots of cinema and live music.

[@nickjmaher]

Sounds like a great plan.

[@DBCooper2]

You must have had an incredibly good job to retire at 44 and then been able to travel the world extensively

[@nickjmaher]

I’ve covered this in many videos. I started a business at 30. Sold my shareholding at 44.

[@madcyril4135]

Retired at 55 no complaints 35 yrs same company. I have been lucky, but know plenty who have no choice but to carry on working! Talk about this for hours what are you going to do! Hobbies, travel, eating out, etc! But unfortunately CASH IS KING!

[@nickjmaher]

I appreciate you sharing your experience and viewpoints.

[@PoetWithPace]

Wise words Nick! I’m 63 also and yes spend much less than when I was in my 40s & 50s

[@nickjmaher]

I appreciate your endorsement.

[@PoetWithPace]

@@nickjmaher 👍🏼

[@Acousticmarine678]

63 and semi-retired since 58. My wife has one more year (school year) until retirement. We moved to western Colorado after I retired as an Electrician so we could visit (camping) all the beautiful parks in the USA and Canada. We also have spectacular weather to hike, raft, cycle, and ski right in our back yard. European travel never much interested me, more of lover of natural beauty. Spent some time overseas in the military and got a taste of different cultures, interesting, but not that exciting. Taking music classes at the local university, playing my guitars, and cooking eat up a lot of my free time. I also ride mountain, road, and gravel bikes as we have access to all three cycling genres. We also have 4 children and 8 grandchildren to visit and spoil.

[@nickjmaher]

Thank you for sharing your story. You have it nailed!

[@dluber1]

I like your thinking, but I have a cautionary word for viewers in the US: NHS, aka National Health Service, aka socialized medicine, which we don't have here. It means that in the UK, you shouldn't need to worry about the looming threat of insanely high medical bills in your golden years, but it's a very real fear for many retirees in the States.

[@nickjmaher]

I appreciate your concerns and for pointing out the difference.

[@waynekerrr9027]

Make sure you get good breakdown insurance for ya mini...you will need it ...

[@nickjmaher]

I have. I’ll keep my fingers crossed 🤞

[@Adam-oy1vp]

All my working life I've had to budget carefully a.k.a low income. Now 65 it's same as usual. But it is getting harder Especially with this and the previous government. Happy Days 😮😮

[@nickjmaher]

I appreciate your comment.

[@richardstamper5630]

Retired at 60, paid off the mortgage, bought a Bentley and we toured Europe recently then sold it and got our money back and bought a boat which comes out whenever the fancy takes us.. My two son's are welcome to take it out anytime they want, it's a family asset. We spend a lot of time at home just enjoying the freedom but Transatlantic flying is a bit of an issue as we consider our carbon footprint. Life is good.

[@nickjmaher]

Sounds like fun 😁. Thanks for sharing.

[@roadwarrior8560]

carbon footprint don't drink the coolade son.

[@BillyfromConsett]

Nursing home fees will totally wipe out any savings you might have in your 80’s so you may as well spend it before then.

[@nickjmaher]

Scary thought!

[@artvandelay1555]

Good advice. Thanks.

[@nickjmaher]

Glad it was helpful!

[@MegMerrilees]

Not worried about the winter fuel allowance then

[@nickjmaher]

I’m not old enough.

[@Bran08Eman]

Stopped working 2004, big mistake. Went back to school coasting to get to financial goal in 8 years. It all changed in 2007 and the following years of stagnation. That time in a low market, I should have been working and buying into the market. After graduating It took me an extra 8 years to reach my goals for my mistake. Going back to college in my 50's was fun though.

[@stuartbingham7735]

ok if you can afford it. must have had alot put away or inherited some. i will have to wait i'm afraid lol

[@nickjmaher]

No inheritance. No savings. I sold my share of a small business I co-founded. I’ve covered this in depth in other videos.

[@anthonysimpson6738]

I think preparing for the absence of your partner so develop a separate social life to your partners so when one of you does go you have a support network that will help you cope and continue living. It also good for you and your partner to stay connected you need time apart. Me I brought an Alpine a110 sport car and a knitting machine for my knitting hobby. My partner woodworking equipment and the men-shed. We also have a foster child we care for that keeps us connected to our town. Good tips and makes me feel less guilty about the sports car. I agree enjoy it while you are healthy.

[@nickjmaher]

I appreciate your endorsement and thanks for sharing your story.

[@panagope]

We should help our kids also, not only spend everything ourselves, at least in my country we do so

[@jimray2281]

1. ✅ second gen Miata, 2. ✅ Aruba every year, 3. ✅ fitness membership & trail walking, 4. ✅ picking away at small jobs around the house, 5. ❌ need to work on this, 6. ✅ enjoy weekly lunch or dinner with a few close friends Thanks for the inspiration!

[@nickjmaher]

Thanks for your endorsement. I appreciate you sharing your experience.

[@roygoad2870]

Well I’am 72 and still travel, yes slowing down but so far Iam still playing Badminton, Pickleball and beach Paddle. I was happy to retire at 67, I actually enjoyed working. Now my life is just as busy by simply having an exercise regime and eating healthy food. I still ride a motorbike and car and have been to 50 countries 😊

[@nickjmaher]

Thanks for sharing. You’ve nailed it 👍

[@tonyh6951]

Lots of truth here. I'd add .. Money in v money out. Just cut your cloth accordingly. Why should the pleasures be 'guilty'? 😊 Don't gloat - it pisses people off!

[@nickjmaher]

I appreciate you taking the time to comment.

[@Broadmaynewood]

Another top video Nick 👍

[@nickjmaher]

Glad you enjoyed it. I appreciate the endorsement.

[@andrewrogers6125]

Great vid.. live life to the full while you are able to..😊

[@nickjmaher]

Absolutely!! Thanks for your endorsement.

[@garyjones6438]

Nick you are sure Right, you cannot take money with you when you go, especially if you don't have kids and nobody to leave your money to ! like me I am same age as you Nick, I would love a new car , still got my Toyota Corolla brand new in 2003 but absolutely bomb proof and still going strong, electric cars recently getting bad write up , so maybe Hybrid is the best bet Like you I have travelled many Countries, but not yet been to America I have been to London Toy Soldier show and Model Train Shows and seen old guys spend 100's on items must have big Private Pensions,I would love to build a model railway layout , but these take a lot of space , ok if you have a spare room, I myself love hiking which you don't need a lot of kit I personally rent a flat , so not too bothered about improvements , just a lick of paint , but would love a new Recliner chair and footstool, good tv and audio equipment I have seen many bands in the past ,and my favourites are old now , Genesis now retired, regret not seeing, Chris Rea now retired through bad health ,regret not seeing , Van Morrison seen him about 4 times ,he is still going at 79, Mark Knopfler think he is retired now ,regret not seeing him , Pet shop boys seen couple of times ,Great, Seen Bob Dylan at Newcastle few years back ,he was good, seen Southside Johnny & Asbury Jukes couple of times ,Great, seen Bruce Springsteen in 85, they are all getting on now but their music is still Fantastic, Music nowadays is crap, especially hip hop and rap, and I still cannot find a good radio station with no adverts and DJ talking crap & nonsense, and good music playing like above artists, any ideas ? When you get even to 60 , sometimes all people need is a Doctors and Supermarket nearby, and maybe new clothes and shoes now and again, you have to travel while Health allows you , and when sometimes in 70's and 80's all you need to spend on is basic food I have experienced this with family and friends Good luck with your gall bladder Nick ,take care, beutifull house you have , but as we all get older ,trend is a bungalow or ground floor living that is another topic

[@nickjmaher]

Thanks for sharing your story. I appreciate you taking the time to write this comment and share your journey. Best of luck to you.

[@DR20000-e]

Another great video thank you!

[@nickjmaher]

I’m pleased you like it, thanks for the endorsement.

[@tonyf7997]

I am 65 and spend as much as I was 10 years ago if not more now the kids have grown as they use the yacht and company jet and I’m still paying the fuel ….. ha ha ha as if I care, if you have a few $$ enjoy it as you never know when the life chapter will close!

[@nickjmaher]

I appreciate you joining the conversation.

[@chequered6430]

Retired at 52. It’s been three years and travelled to 8 countries and bought a nice car. Started cooking fresh, going to the gym, paddleboarding and drone flying so I stay active and get out. Life is great.

[@chequered6430]

One of my favourite games is finding the cheapest flights and hotel combinations for short breaks to Europe 😊

[@nickjmaher]

Good stuff! Thanks for sharing your story.

[@davidhughes6048]

Not a car person, but I did put 60,000kms on my new Goldwing from 2018-2022. Gone now cause my hips are shot. Maybe when I get new hips I’ll buy another one. No regrets. An expensive toy, but oh, man….twisting that throttle….nothing like it. 😁😁😁

[@nickjmaher]

Thanks for sharing your experience.

[@PaulHeffernan-k5e]

You need your wind therapy. Have a look at Can Am Spyder's......these reverse strikes offer great stability and shouldn't put much strain on your hips. The idea of not having to put a foot down or take any of the weight of the bike when you come to a stop would be an advantage for you. Just a thought anyway. 😃

[@davidhughes6048]

@ thanks, moto show coming up in Feb I think. I’ll have a more serious look. Getting a new hip in 8 days. We’ll see what that brings. Would be tough to give up scraping the pegs on occasion! But yes, wind therapy indeed! Cheers.

[@PaulHeffernan-k5e]

@davidhughes6048 best of luck with your operation. I hope all goes well and that you have a speedy recovery. Cheers.

[@lingriffin6362]

Very wise man !! 😉

[@nickjmaher]

Glad you think so!

[@DanielBaleWyatt]

Retirement is becoming increasingly challenging for many people. Low wages, inflation, and high rent costs make it difficult to save, and now, even middle-class Americans are struggling to buy homes-leaving them with fewer retirement options.

[@nickjmaher]

I appreciate you taking the time to share your concerns.

[@gwarlow]

Those 6 guilty pleasures begin here: 4:28 😊

[@nickjmaher]

I appreciate your comment.

[@christineshine2051]

I don’t know of too many people who can retire as young as you did! Takes financial security.

[@nickjmaher]

I’m grateful for the opportunity.

[@gatewayz75]

I hope to go on a full world cruise and see the world pass by my balcony, only thing is I’m single, I wonder if I’ll get a bit lonely being away for 115 days? I know there’s thousands of other people on board but not the same as having a friend onboard. Better work on finding someone 😂

[@nickjmaher]

Be brave, and do it. You’ll make friends on the ship. Plenty of solo travellers will be on the ship too. My late mother was brave, and made some life long friends who would travel together on future cruises.

[@richardcarlyon2270]

The single supplement is a bummer

[@thehonestguitarist6543]

Please do a video with uncle Archie.❤

[@Allan-kg7mo]

Beyond 70, for most, unless you can eat it or wear it, you don’t need to buy anything.

[@nickjmaher]

I appreciate you sharing your viewpoint.

[@johnwhitefoot9803]

Been in full time work since 1974. Only one thing on my bucket list. Starting my own window cleaning business

[@nickjmaher]

I appreciate your comment.