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Extreme Budget Living: Retire Early with Vanlife

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CheapRVliving

CheapRVliving

Күн бұрын

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@marthas8108
@marthas8108 5 жыл бұрын
Another quick tip -- Credit Unions! I've never had a bank account. My credit union has paid me thousands more in interest over the years, charged me far less for my mortgages, invested my money locally vs in big business, and delivered everything a bank could have offered -- loans, savings, ATMs worldwide, credit cards, IRAs... you name it. It's a win, win win!
@tmad5358
@tmad5358 5 жыл бұрын
FIRE plan has given me my freedom. And in 712 days I'll be on the road, no more wage slave!
@jerrysmith8917
@jerrysmith8917 5 жыл бұрын
I like this guy. He's doing what I think about doing. No one on their deathbed says, "I wish I had worked more."
@lumpycustard87
@lumpycustard87 5 жыл бұрын
"Your life is what you make it ....Its not about 'things' and 'stuff'!" Yes! This is so true! 👏🏻
@jofoodie239
@jofoodie239 5 жыл бұрын
I have watched all your videos Bob and this one is my all time favourite. I think it will offer a real alternative to many people who might never have realized that there is another way to live. Cutting back on "stuff" is better for the environment, better for mental health and better for your future financial freedom. I lived a F.I.R.E. lifestyle all my life and saved enough to retire comfortably at 58. I now contribute to society by giving my time. I don't miss all the "stuff" that I didn't buy which would all be in landfill by now anyway but I appreciate my freedom every single day.
@marthas8108
@marthas8108 5 жыл бұрын
I caught onto FIRE 30 years ago. Started with nothing and retired at age 50, with a paid-off house... in California. My current car is 15 years old and I could afford another, but the wheels haven't fallen off yet! You can do it, folks, it really doesn't hurt much at all, and the rewards are fantastic! Main areas of saving were driving my cars until they dropped, house sharing for many years, and shopping for the clothes rich people throw away at the thrift stores. Oh, and index fund investing. Vanguard is phenomenal!
@thisorthat7626
@thisorthat7626 5 жыл бұрын
emma ess, house sharing can save people a lot of money. There are drawbacks of course but the savings are worth it.
@RetireWithLess
@RetireWithLess 5 жыл бұрын
I am retiring in 2030 at age 55 and my wife and I will hit the road. Started saving and investing in 2018 and will document the whole journey!
@JHGJTUTUYT8
@JHGJTUTUYT8 5 жыл бұрын
EVERYONE should see this video. In my opinion , I you buy 3 to 5 year old cars over your lifetime you get the best value from the cars.
@caspernomad9262
@caspernomad9262 5 жыл бұрын
Pay yourself first is a very important concept!!
@johnrand2862
@johnrand2862 5 жыл бұрын
I lived very similar to this program and retired at 52, almost 21 years ago.
@NickDemski
@NickDemski 5 жыл бұрын
I love this topic..it's something I've been studying and trying to live by as a nomad with a child. Thanks for this video?
@kathbeth43
@kathbeth43 5 жыл бұрын
My hubby and I have lived in Michigan our whole life. Hubbyworks third overnight shift in a retail store and does mysic on the side. I am disabled and collect a small amount per month from SSDI. We have seriously been thinking of moving to Florida. I have very close friends who want us down there with them. We are currently trying save at least $10,000.00. Thank you for this video we are doing this plan right now. We are apartment bound people and want to live in a trailer park or something like that. Thanks again for the info and good luck to him and his wife.
@muzerhythm2242
@muzerhythm2242 5 жыл бұрын
Thank you for sharing your story! I'm on SSDI as well in an apartment (on housing assistance) and saving up for nomad life. I'm wanting more freedom than just existing.
@thisorthat7626
@thisorthat7626 5 жыл бұрын
@@muzerhythm2242 I hope you are able to budget and get on the road. Enjoying life also helps heal. Sending you blessings. Keep us informed of your progress.
@thisorthat7626
@thisorthat7626 5 жыл бұрын
KBeth, you have a goal and a plan. I hope that it works out and you move to Florida and find a trailer park that suits your dream. Blessings!
@muzerhythm2242
@muzerhythm2242 5 жыл бұрын
@@thisorthat7626 Thank you!😁
@Soxandnicole
@Soxandnicole 5 жыл бұрын
I've been with Vanguard for years and I agree 100% with this gentleman.
@NHJDT
@NHJDT 5 жыл бұрын
Great video. My husband and I are in our 40 s and we can retire now but continue to work but we have the choice. My 12 year old's plan when he grows up is to live in a skoolie parked permanently in Florida and to be a realtor. My younger son wants to live in a mobile home and work like his father as a software engineer. My daughters plan is to live at home and become a vet. We teach all of them about living debt free, saving/investing and making sure if they go to college that there is good roi to justify it. We don't do Starbucks, rent movies instead of movie theatre, cook at home, drive our cars until they die or not worth fixing. I'd rather save on little things like this and give donations to charitable causes
@ladonnarhoads2786
@ladonnarhoads2786 5 жыл бұрын
Best video yet on this channel. This man speaks a universal truth: you give and you will prosper. Some may call it Casting your bread on the water, others may speak of Karma. No matter what you call it, it works.
@sonofabutcher7003
@sonofabutcher7003 5 жыл бұрын
Health should be part of the plan too! Money won’t be of much use if you neglect your health.
@peri3818
@peri3818 5 жыл бұрын
I agree, health is everything. Eating low quality food to save money is not wise. Learn where to shop for less expensive healthy foods and learn how to cook to make it tasty. Move your body as in exercise. This could be in long walks, which is free.
@jonboy5840
@jonboy5840 5 жыл бұрын
Looks like they added their own fresh toppings to the pizzas for the health benefits and don't forget the fresh garlic 😋
@thisorthat7626
@thisorthat7626 5 жыл бұрын
@@peri3818 excellent advice! It is unfortunate that some people leave the food budget to the last and are impacting their health because they won't spend more money for better food. I would like to help people understand that spending more for better food can save them from suffering later on. Fresh veggies, cook your own food, and stay away from soft drinks which leeech calcuim out of your bones. Walking is a great exercise because it is easy on the joints. Thank you for your post!
@peri3818
@peri3818 5 жыл бұрын
PasadenaSue when some people are young they never think about their bad food choices. Then they get older and they get diabetes or worse the big C. I think as food as medicine. Healthy food makes me feel good and keep health. I am a senior citizen who is not on any meds and a hiker and Zumba dancer. So many delicious vegetables out there is you just learn how to cook them properly. Read labels and stay away from the added crap that causes damage to your body. Thanks Pasadena Sue for being on the health wagon with me.
@thisorthat7626
@thisorthat7626 4 жыл бұрын
@@hiddensecrethealing, good idea. Sunshine is vital to our health, as is easy exercise like walking. We can enjoy both when we have the time to focus on our needs. Blessings.
@silka9187
@silka9187 5 жыл бұрын
I'm a visual person, so I've made a graph with debt on one column at the top and payments at the bottom going to zero debt. My husband is smiling and amused. Thank for everything you do and this post in particular. Hoping to join the RTR in one year.
@juliemarcum6687
@juliemarcum6687 5 жыл бұрын
He sounds like the author of “the millionaire next door”. Everyone should read that book.
@jimm2442
@jimm2442 5 жыл бұрын
Being retired and comfortable myself I strongly suggest listening to this guy, excellent information!
@rethinkingrachelle2486
@rethinkingrachelle2486 5 жыл бұрын
What a timely video! I’m a long time watcher of your channel and just learned of F.I.R.E. yesterday. Law of attraction at work! 😊
@RoadTripzz14
@RoadTripzz14 5 жыл бұрын
Excellent topic Bob. 👍🏻
@susanhowell1673
@susanhowell1673 5 жыл бұрын
As a minimalist, this so resonates. Yes, one can save this way. And abject poverty is a great teacher.
@jeremytorgersen
@jeremytorgersen 5 жыл бұрын
This is the plan I’ve been using.
@comfortouch
@comfortouch 5 жыл бұрын
This is the kind of stuff that should be taught in High School.
@missusjasus
@missusjasus 4 жыл бұрын
My thoughts exactly. I was never taught anything about money so I neglected to teach my children. Fortunately I have a bright son who taught himself, now he is teaching me and I feel we are growing together now. This cycle really needs to stop. Parents, if you don't understand, learn enough to teach your children.
@NomadicRVLiving
@NomadicRVLiving 5 жыл бұрын
Live below your means, recognize needs vs wants, and avoid lifestyle creep. It helps if you learn these principles early in life like I did from my parents, and they worked!
@danmanx2
@danmanx2 5 жыл бұрын
My significant other has no concept of saving or anything. Our house is filled with the most useless clutter. My wife literally wanted a weight for a cricut machine. I paid $30 for a WEIGHT. She shops everyday and insists we always need more. I keep telling her we don't need any of it, but she doesn't listen. Consider yourself lucky that your spouse actually listens to you.
@FunkyTreasureHunter
@FunkyTreasureHunter 5 жыл бұрын
You could also consider therapy for her?
@robertsmithers9059
@robertsmithers9059 5 жыл бұрын
MGTOW...
@jofoodie239
@jofoodie239 5 жыл бұрын
It might help to know that many people are actually addicted to the dopamine rush of a new purchase. It is an addiction every bit as pervasive as a gambling addiction. The thrill wears off quickly so then there is the search for the next hit. It is a biological feedback system. Some people are more prone than others.
@alicehallam7949
@alicehallam7949 5 жыл бұрын
Yeah. I would go.
@k.pacificnw02134
@k.pacificnw02134 5 жыл бұрын
I'm sorry. This is hard. Retail is for suckers, but this economy relies on people buying stuff all the time. Maybe you can give her a cash allowance and she has to make it last, like a kid. My ex was like that with junk project cars. So many. So many expensive car parts. But, I insisted that we never carry a balance on the credit card. So we never did! Not a penny to them in interest. I was the saver and he was the shopper.
@joeo7257
@joeo7257 5 жыл бұрын
Among your best videos yet!
@tomaustin4526
@tomaustin4526 5 жыл бұрын
Hey Bob I absolutely agree cause I’ve done it and it works and I retired last April. Always pay yourself first and I lived on less than half what I earned while putting 2 kids through college with no student loans. We shopped bargains n thrift stores and did not want to keep up with the Jones cause the Jones were broke n deep in debt while they drive new cars. We drive used cares n take good care of them tell they had to be replaced or passed down to the kids. The kids are doing the same now at ages 27 n 29 and very happy to not be in debt and saving for retirement. This is one of your best videos Bob and I hope your viewers will try it and see it works great 🚌😎🌎🎶🎥 thanks for sharing and safe travels
@carolyntolliver1146
@carolyntolliver1146 5 жыл бұрын
Great he mentioned Vanguard. We have been blessed by Vanguard for our IRA.
@TheSunGoethDown
@TheSunGoethDown 5 жыл бұрын
This was one of your very best videos! Thank you!
@gabrielw7773
@gabrielw7773 5 жыл бұрын
Or open up your own online brokerage account and buy an index ETF over a Vanguard index mutual fund and save even more. The SPY is the S&P 500 ETF that trades like a stock but is a whole lot cheaper than a mutual fund.
@felixveja8154
@felixveja8154 2 жыл бұрын
The nomads are the real example of FIRE, in terms of keeping costs low and maximising life and freedom. I watch alot of their videos as it shows you how happy you can be with less
@kimberlyshalaby1134
@kimberlyshalaby1134 5 жыл бұрын
This was very educational. I had the opportunity to save my earnings while living at home. I was able to buy my 1st home after I was married. My husband & I did bills together, & added to a savings every week. That was 38 years ago. Once we moved our financial status took a downhill swing & the opportunity to earn what we were accustomed to, wasn't available in a area with minimal wages we moved to later after his company folded. Today, I'm Blessed to have a few dollars here & there.
@aquaganda
@aquaganda 4 жыл бұрын
"...you have to weather that criticism." Admirable confidence in your goal and plan!
@johnnylightning1491
@johnnylightning1491 5 жыл бұрын
I can't agree with buying a new car - ever, if your tying to save money. A two year old car with relatively low mileage is a much better buy and will be just as reliable as a new car, because none of them are 100% reliable. However, if it keeps mama happy it's probably a good buy. Otherwise I pretty much completely agree with what he says.
@fatray2922
@fatray2922 5 жыл бұрын
I'm the guy in the video and I agree.... my wife likes the new car smell. It's not about doing all perfectly, it's about saving well
@donnag3978
@donnag3978 5 жыл бұрын
I made the choice between small verses large interest debt 30 yrs ago. Yes, the compounding affect of debt reduction. Great video Bob and David.
@sandym4875
@sandym4875 5 жыл бұрын
This sounds similar to Dave Ramsey. We did the Dave Ramsey program a few years ago and paid off everything, including the house. You have to say no to lots of stuff, but it's worth it. Stuff won't make you happy.
@thisorthat7626
@thisorthat7626 5 жыл бұрын
Sandy M, congrats on following Dave's advice and paying off everything! It feels really good to be debt free I bet. Share your story so others can follow your lead. Cheers.
@sandym4875
@sandym4875 5 жыл бұрын
@@thisorthat7626 Thanks PasadenaSue! I do share it as often as possible. I have a young friend who is following Dave Ramsey's plan and her young family will be very wealthy by the time they get to my age. That makes me happy!
@christianpage5569
@christianpage5569 4 жыл бұрын
Dave has good advice for becoming debt free, but he leaves much to be desired in his investing advice. Check out the book "The Simple Path to Wealth" by J.L. Collins for FIRE investing advice.
@davidleigh443
@davidleigh443 4 жыл бұрын
@@christianpage5569 The problem with Dave's investing advice, as I see it, is that DR has a masters degree in finance and a team of investors to analyze and purchase the best performing funds. That is a lot of work and responsibility for the average investor.
@christianpage5569
@christianpage5569 4 жыл бұрын
@@davidleigh443 Which is why I invest in index funds.
@chuck_howard
@chuck_howard 5 жыл бұрын
My dream in life was to work until I was 55 and then make enough money not working to be able to live a comfortable middle class lifestyle. I was able to retire at 50 and make the same as I did working. The secret: Working since I was 14 years old and for most of my life living like I made $10k less than I actually did and putting the extra into the stock market. The other part is never buying a fishing boat or a second vacation home or a new car or an RV like my friends did. In other words no debt. Even my house I paid off in 9 years and saved $150k in house payments to use for my retirement. I am 63 now and so far it's great being in total control of my time.
@thisorthat7626
@thisorthat7626 5 жыл бұрын
Congrats, Chuck. Hard work and planning pay off. Enjoy retirement.
@user-vm3yd2rp7f
@user-vm3yd2rp7f 5 жыл бұрын
The best advice I saw on your videos Bob,was a woman living on $299.00 per month and gradually moving into a van. i think she started in a car ,then move in a van. The idea of savings is not to "strain yourself". The best insight I can give is that is it "a need or a want"!. Also ,my aunt would say that the older you get ,the less you spend. That is so true in my life. I just recently acquired a small travel trailer-USED. My budget for this was definitely under 10,000. The place where I bought it ,replace all hoses,etc., for free. And drop the delivery charge because i didn't have a hitch at the time. There are pleasures in life,if you have to strain there is no gain!
@alicehallam7949
@alicehallam7949 5 жыл бұрын
Warren Buffet has said that his main money-building plan as a young man was ONE WIFE, ONE HOME. (Marry somebody and stay married for life, buy a house that you can keep forever.)
@frugalhumanist5947
@frugalhumanist5947 5 жыл бұрын
We actually had a FIRE community meetup during the 2020 RTR and also during the 2019 RTR. There is quite a bit of intersect between these two tribes, at least for me.
@k.pacificnw02134
@k.pacificnw02134 5 жыл бұрын
I was just talking to someone today who said for one year, he worked 2 jobs, came home and slept and that was it. Because he had a goal to buy a house. Well, it takes all kinds. Because I'd never work for the man like that; you gotta be able to enjoy your daily life!
@angelikalaser7778
@angelikalaser7778 5 жыл бұрын
I heard the same comment about multiple vacations a year 'you have to enjoy life' 😅
@shellyscott4822
@shellyscott4822 5 жыл бұрын
I don't know about anyone else but I have to my vacations!! The only piece of sanity to going back work. Tomorrow's not promised, so I live each day to the fullest, most of the time ;) Hats off the people who can live like that.... me no can do lol I'm older now anyway so the closer I get to retirement the more I increase my amount that I put in. Thanks Bob
@bettywith2girls
@bettywith2girls 5 жыл бұрын
I think this F.I.R.E. thing about paying yourself 1st is a great idea and quite common, especially to get that initial house (if you own a house, you will always have some place to live!). But I agree with you very much...my SIL died in 2014 suddenly (her kids found her in bed on Sunday morning) and was exactly my age (her birthday was May 8th, mine is May 9th, seriously). I used to "behave myself" and save money by watching tv every night, never going anywhere, even tho I could easily afford more. It's surprising that I didn't wake up when my SIL died, but it took 2 more years later when a neighbor, again, suddenly died at 2016 at the young age of 43 (yup, I said age 43...with 3 kids...very much like my SIL) for me to say...I'm going to live a little (within reason). Now, I stop at the local Amercian Legion or neighorhood tavern (helping local businesses) every evening and have one or two drinks, talk to my new friends who are wonderful, hardworking people that I would never have met otherwise. It's a really good idea, when you are young, to deny yourself basic things to get yourself on solid ground, but after that's achieved, being constantly incredibly "poor" gets old real quick, and you are not helping fund your local businesses or economy. What if everybody did this all the time?...there would be hardly any manufacturing or retail jobs anymore bc less products would be bought, and all the related jobs to advertise, ship, etc. those products would go away also. I'm older too and life is just too short, if you are already on your feet and on solid ground. God bless them tho.
@believer7733
@believer7733 5 жыл бұрын
I agree wholeheartedly Shelly, regarding vacation EVERY year! My primary vacation of choice was cruising; totally stress free and worth e-v-e-r-y penny! That made my job so much more tolerable! I'm retiring in 7 days! 😎😇
@shellyscott4822
@shellyscott4822 5 жыл бұрын
@@believer7733 That's Great... Congratulations!! Enjoy every waking second of Freedom! :)
@fatray2922
@fatray2922 5 жыл бұрын
I am the guy on the video and I can tell you we take vacations twice a year including 7 cruises, Europe and all over the US
@peri3818
@peri3818 5 жыл бұрын
Fat Ray Glad to hear that as life should be enjoyed in every stage of it. Tomorrow is never guaranteed. Saving only for the tomorrow that may never come or comes with comprised health is not living life in my opinion.
@karenbochinski
@karenbochinski 5 жыл бұрын
Great advice on saving money. I am not much of a handy man so that makes it more difficult for me.
@1994pnc
@1994pnc 5 жыл бұрын
Good plan. Similar to the Dave Ramsey method. " Debt is dumb, cash is king".
@zoommikerobinson3315
@zoommikerobinson3315 5 жыл бұрын
😼🙂👍 -- We saved a paycheck a week, back in the 80's as a Staff Sergeant in the Air Force, so we could afford to live while getting my Computer Science degree -- after leaving the Service. ...$12,000 in two-years.
@mrmc2465
@mrmc2465 5 жыл бұрын
amazing video, i love to see the average guy really get ahead!!
@GeorgePencilArt
@GeorgePencilArt 5 жыл бұрын
Thanks, Bob. Is a good topic. Helpful stuff.
@bigsurkate8349
@bigsurkate8349 5 жыл бұрын
My goal, 20 years ago was to be debt free. I paid off my 120 acres while living in a small trailer. Once that was done, I saved and built my house, one room or two at a time, cash. I invested in solar, so no utilities, bought a new truck on credit, and paid it off in a year. Bought a Sprinter on credit, paid it off in 1 year. I have no bills except the usual, insurance (paid yearly) cell, satellite internet, food, gas, maintenance, etc.
@bigsurkate8349
@bigsurkate8349 5 жыл бұрын
Rich? Ha, ha...no, not at all. Just smart and willing to work hard to get what I want. My only income is a very small SSI check and a VA disability check. That is it.
@juliemarcum6687
@juliemarcum6687 5 жыл бұрын
Awesome Kate.
@thisorthat7626
@thisorthat7626 5 жыл бұрын
@@bigsurkate8349 planning and knowing your budget go a long way in getting what you want. Congrats, Kate!
@Cinderdiane
@Cinderdiane 5 жыл бұрын
Excellent advise!
@PSVitaFan
@PSVitaFan 5 жыл бұрын
That's what really was a great video and very informative and things that I did not know A few more options you could do if you own a home would be take on a reverse mortgage What that does is it takes equity in your home and gives you money each month after your home is paid off you put your house up for sale so you get to live in your home And not have to worry about running it out and having it messed up or destroyed I've heard of horror stories where they run someone's credit but it's not the people that live in the home they get a family member or friend to apply to rent the house and then the other people move in not something I'd want to deal with I've always had a problem saving money not investing money but having ready cash I need to work on that because you really should have money in the bank in case something happens Having a used car is good actually and I don't agree with buying a new car anymore because it Depreciates in value so much when you drive it off the lot so buying a used car and having it checked out by a mechanic is good even if you take half of the car payment for the lowest and cheapest car and put it away every month like you're paying a car payment it's cheaper to put an engine and a transmission in a car and pay for the labor then it is to buy another damn brand new car
@gailjohnson6670
@gailjohnson6670 5 жыл бұрын
Thank you for the video..Have a blessed day..
@ArcticxWind
@ArcticxWind 5 жыл бұрын
What is Starbucks, things and stuff? What's is food?
@stirling6767
@stirling6767 5 жыл бұрын
Great Video
@laurajphillips5981
@laurajphillips5981 4 жыл бұрын
Fantastic Video and great advice!!
@trixienormous
@trixienormous 5 жыл бұрын
I love Bob💜💜💜
@rubyred8845
@rubyred8845 5 жыл бұрын
great topic and interview Bob :)
@organican
@organican 5 жыл бұрын
It's just too bad that we're at the mercy of the stock market in order to earn a decent interest on our savings. I miss the days of no risk high yield CD's
@goneretired7030
@goneretired7030 5 жыл бұрын
Those tend to also be the days of high inflation.
@organican
@organican 5 жыл бұрын
@@goneretired7030 Well, that's what they say, but I know for certain that in today's dollar, adjusted for inflation, the cost of living was far lower than it is today, and there were far more single earner households living well and saving money
@maunakauahi
@maunakauahi 5 жыл бұрын
Hey Bob when ya going to be in Pahrump again! Cheers great vid on money managing for future Nomads. Aloha!
@mysticalmisfit1332
@mysticalmisfit1332 5 жыл бұрын
Great advice! 🙌🏽🙌🏽
@vldarden
@vldarden 5 жыл бұрын
Love this insight. My problem is knowing how and where to invest the money I save.
@markbailey6051
@markbailey6051 5 жыл бұрын
You deserve it because you earned it! Make your own coffee.
@sjohnson1776
@sjohnson1776 5 жыл бұрын
And just keep in mind that every media outlet, every billboard, every store, every flier, every radio broadcast, every TV commercial and program is.trying.to.sell.you.something! 'Be all you can be...' 'Because I'm worth it...' blah blah blah. Turn off the TV and limit social media. You'll be happier and you'll find out you already have all you need and you'll free up brain space to work on your DREAMS and plans.
@francineroot-adler7205
@francineroot-adler7205 5 жыл бұрын
Hi I really loved this. I am now on social security havevto pay a lawyer for a divorce(tried to be stable- both have to want that). Am open to suggestions. Passed it along to my adult children. Thanks
@auroranite
@auroranite 5 жыл бұрын
Great info, Tks for sharing your experience and FIRE plan. What do you have or plan for medical coverage in this philosophy?
@susanhowell1673
@susanhowell1673 5 жыл бұрын
If you spend money, at all, you contribute to society. Even food stamps go into the economy. I do not have them, but what I say is true.
@fireballfitness170
@fireballfitness170 5 жыл бұрын
I enjoyed the topic.
@eddymahon1503
@eddymahon1503 5 жыл бұрын
I don’t smoke or drink or eat fast food. I’m not giving up my $5 a day Dunkin Donuts coffee fix☕️☕️🧐
@thisorthat7626
@thisorthat7626 5 жыл бұрын
eddy Mahon, there is no reason to since you are saving elsewhere. You are allowed to have a treat. :) . Cheers.
@fredricunderhill204
@fredricunderhill204 5 жыл бұрын
I've been using this plan. However you don't explain marker crashes or disruptions very completely.
@GreatGrannyFreeBird
@GreatGrannyFreeBird 5 жыл бұрын
I LIKE that!
@missusjasus
@missusjasus 4 жыл бұрын
Question: Would I put my money into an index fund rather than a bank account to save? I hope I get a response because it's soo important to me.
@grayman618
@grayman618 11 ай бұрын
I pretty much have followed this fire process and retired at 54, however, the biggest issue is Health Insurance in the United States. So what did this guy do for health coverage? You can go bankrupt in no time if you don't have Health Insurance.
@nalomelikukui8134
@nalomelikukui8134 5 жыл бұрын
Just wondering, how do you cut the grass without a lawn mower? We do spend a lot on lawn mower and weed eater maintenance and buy new machines about every six years.
@thisorthat7626
@thisorthat7626 5 жыл бұрын
Nalomeli., he got old lawnmowers from the dump. He never bought one but he had one.
@servicedogchopper7613
@servicedogchopper7613 5 жыл бұрын
I was able to save $20,000 in 4 yrs. It was to be a down payment on a house but I fell 3 stories and broke my back so it went, very fast, to medical bills. Now, because of that, I cannot be a monad and live vicariously through KZbin videos but it is definitely doable. But cost where you can. I have never financed a car. I am currently saving for my next car. I'm 38 never financing a car. I have over 2 grand saved for my next car and I live on a single income paying $1,800 rent. I have always been poor and living as if you are poor is a good way to live. You pay for what you need to but you don't pay for what you don't need to. Teach yourself how to fix your own car. The only thing I have not done is stocks as they scare me. My biggest regret is not saving more and getting into sticks and putting money more in a 401K, etc.
@Medmann48
@Medmann48 5 жыл бұрын
I am 59 & would like to retire at 62 but the 800 pound gorilla in the room is health insurance. The high cost of health insurance would take pretty much my whole social security check. What's the magic answer to the health insurance problem? I do know a couple that retired early by saying screw it, we are not buying health insurance but doubt that's a good long term plan.
@fatray2922
@fatray2922 5 жыл бұрын
I'm the guy from the video. Look into catastrophic health insurance and a health savings account. Try to fully fund your HSA at the outset. You only have to go 3 years until medicare
@k.pacificnw02134
@k.pacificnw02134 5 жыл бұрын
Or be extra poor and get Medicare. Like my 2 sons and I get.
@thisorthat7626
@thisorthat7626 5 жыл бұрын
Medmann48, there are options out there that cost less but you have a larger upfront payment. Several things to think about. How healthy are you now? If you are reasonably healthy and do not have any chronic health problems, you could go with a low cost paln that has high deductibles. For prescriptions, people go to Mexico and get their meds at lower prices. If you have heath conditions, are they under control? Are you willing to change your lifestyle to help improve your health? Depending upon the answers you may want to go with a plan that provides more care. Fat Ray has excellent advice as well. Good luck!
@carstars
@carstars 5 жыл бұрын
The cash economy is the carbon economy.
@CletusEinstein
@CletusEinstein 5 жыл бұрын
Good video. For those wanting to get ideas check out LeanFIRE group on Reddit, lots of great input on living below your income
@jameskauker9522
@jameskauker9522 5 жыл бұрын
Because the stock market always goes up, right? Another wolf of wall street when the market goes up. When it crashes...crickets. Heard it all before
@urnzwayzmoove
@urnzwayzmoove 5 жыл бұрын
I agree with almost everything but the New Car thing...also pizza..not good food for the long term. :)
@k.pacificnw02134
@k.pacificnw02134 5 жыл бұрын
Yeah, ill never take on a car payment. Cash or nothing.
@JoyofRVing
@JoyofRVing 4 жыл бұрын
Yeah, but he has more money than you.
@urnzwayzmoove
@urnzwayzmoove 4 жыл бұрын
@@JoyofRVing I'd prioritize my health before a little more $
@JoyofRVing
@JoyofRVing 4 жыл бұрын
urnzwayzmoove hahaha! He did. Did you listen? He had an inherited gene. You must not know anything about medical issues. If he didn’t save enough he wouldn’t be here anymore. His money basically paid for his life extension to be able to access adequate medical care.
@Maria-ys5sc
@Maria-ys5sc 5 жыл бұрын
I say life is short, don’t worry about tomorrow.
@numberplateguy8511
@numberplateguy8511 5 жыл бұрын
I buy domain names Eg digital land for investment But a great point made about the stockmarket etc But there are two ways of investing in the stockmarket eg Long term Eg the Warren buffett way by buying small parts of businesses etc and increasing your investment in quality businesses that pay dividends etc Or Day trading Eg buying stocks that day and making a profit the same day by selling that stock the same day I day trade options
@Maria-ys5sc
@Maria-ys5sc 5 жыл бұрын
He looks like Alex Jones
@Grigori7
@Grigori7 5 жыл бұрын
Very good video. Though I'm wondering why this man isn't doing the vanlife/RVing right now? I'm very interested in F.I.R.E and was thinking I could speed up the process and save boatloads of money for savings, by cutting out the bills/rent/mortgages ect. by doing vanlife right now.
@sianwraith1984
@sianwraith1984 4 жыл бұрын
Wishfully this guy reads this because I really want coaching on what to do now; I would like to begin my nomadic lifestyle.
@fatray2922
@fatray2922 4 жыл бұрын
I'm the guy in the video. How can I help?
@sianwraith1984
@sianwraith1984 4 жыл бұрын
I am practically debt free, sitting in a hotel now,
@fatray2922
@fatray2922 4 жыл бұрын
@@sianwraith1984 What advice do you need?
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