Family Man Retires at 39 - Extreme Early Retirement | FIRE

Tim Stobbs is married with two children, and he retired from his career at 39 years old. How did he do it?! In this video we ask him about the lifestyle changes he and his family made in order to reduce their spending, increase their savings, and invest enough money so they could afford to quit their jobs and live off the interest from their investments.
Tim retired in 2017 and now spends more time with his family, and on hobbies like wine-making, Dungeons and Dragons, writing, and being creative. His wife has recently closed her home-based childcare business and is planning to work for a few more years.
Tim has also started working part time at the local library which naturally raises the question: is he really retired? And the answer we've heard from him and other early retirees is that working after you retire is now a choice, so you can choose work that you enjoy, and you can choose to work part time if you wish. So you enjoy your work more, and you have a better work life balance. Sounds like a win-win situation to us!
If you'd like to learn more about Tim's journey to retiring early, check out his blog and his book, linked below!
Tim's Blog:
Canadian Dream: Free at 45
www.canadian-dream-free-at-45....
Tim's Book:
Free at 45 in Print (Amazon): bit.ly/freeat45
Free at 45 eBook: www.smashwords.com/books/view...
For some additional reading about early retirement, reducing spending, and investing, check out these blogs:
Canadian Couch Potato:
canadiancouchpotato.com/
Mr Money Moustache:
www.mrmoneymustache.com/
Incoming Assets:
incomingassets.wordpress.com/
Thanks for watching!
Mat & Danielle
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Blog: www.exploringalternatives.ca
Facebook: /exploringalternativesblog
Instagram: @exploringalternatives
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CREDITS
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Music & Song Credits:
All music in this video was composed, performed, and recorded by Mat of Exploring Alternatives.
Editing Credits:
Mat and Danielle of Exploring Alternatives
Filming Credits:
Mat of Exploring Alternatives

[@ExploringAlternatives]

Thank you for watching! You can check out Tim's blog and book at the links below :) www.canadian-dream-free-at-45.com/ Free at 45 Book in Print (Amazon): bit.ly/freeat45 Free at 45 eBook: www.smashwords.com/books/view/48481

[@CallumTash]

Exploring Alternatives 🤙🤙

[@OjoRojo40]

Man he looks like 60

[@Slash-is3yu]

Exploring Alternatives Actually retiring at age 33 or 26 is EXTREMELY EARLY RETIREMENT not 39 years old. But retiring either way is great. Good work and dedication.

[@PeliculasOnline2017]

Great Video clip! Apologies for the intrusion, I would love your opinion. Have you heard the talk about - Seyichael Underlying Superiority (Have a quick look on google cant remember the place now)? It is an awesome one of a kind guide for force the universe to give you money without the hard work. Ive heard some awesome things about it and my old buddy Taylor got amazing success with it.✅

[@FC-hj9ub]

@Exploring alternatives, you can not day this man is living off his retirement when his wife still works, he accepts odd paying jobs and also looks 50 not 40.

[@micheal_mills]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[@robert-1miller]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@donna_martins]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@Trevor_Morrow_LTD]

Mind if I ask you to recommend this particular coach you using their service?

[@donna_martins]

vivian jean wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Trevor_Morrow_LTD]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@trevordinwoodie3231]

Everyone's cracking jokes a this dude, but he's definitely living it up in his own way. Power to him

[@BigRed2]

If everyone retired by 40 who would pay for your Healthcare? military ? etc etc? It’s the stupidest thing ever , 55 ok but by 40 it’s total abandonment of your country

[@rinnin]

Maybe make the billionaires pay their fair share? 🤔

[@antonlogunov1936]

Yeah, no kids at 45. Great life.

[@willn8664]

@@BigRed2 okay negative nancy

[@joelanderson8302]

.... he is living off investments, which he pays income tax on. Stop contributing to outrage culture.

[@dwho2065]

I don't see how people making fun of him. He is speaking a lot of sense, it's just we're in a culture of social media and keeping up appearances a lot more

[@nicolelove8501]

👏🏽👏🏽👏🏽👏🏽

[@aronortiz1509]

Yeah those people will be broke and stuck with their sense of superiority XD

[@adam7349]

The FIRE movement is not for everyone and usualy people that do it still have some sort of income such as he states he is working on a book. Who knows if he sells his wine/beer or D&D figures. To live comfortably he would need to be making 300K per year from the time he is 20 till 40. Not everyone is fortunate enough to start earning that much or he inhereited money or his house. Just odd how he never went over the numbers...not once.

[@val_inv6239]

They are jealous that they have to work until 70.

[@lavonnealexander6936]

@@val_inv6239😂😂😂😂

[@alejandror765]

The best payoff is the time he gets to spend with his loved ones. Really inspiring

[@txspacemom765]

We were on our way, until a work accident and multiple health issues that followed, cleaned out our savings. Starting over at 44 and it's not fun. I pray good health to everyone because without it, you have nothing.

[@evelina2363]

I agree. That’s why saving while in younger years is crucial. I am also over 40, facing business debt (due to my partner’s family past activity) and serious health issues after an accident, and start worrying about when I won’t be able to be as productive at work as I am now. We need to be wise for the future, while still enjoying things that matter in the present. Best of luck to you

[@blala585]

Or, live outside US.

[@txspacemom765]

@@evelina2363 bingo! We saved and saved and here we are. So, new mindset and goals but somedays, it's just so hard!

[@tomj528]

@@evelina2363 So true...we've also been through many "interesting" events (think the worst possible scenario) and we've still done well financially because we saved and invested like crazy and we're still at it.

[@LuisaH2022]

You don't get sick to pay $200 per month for a health insurance. If you get sick to need that much money every month, well you definitely are sick so you can't work. If you are healthy you need a good life and you won't get sick. Stress is the culprit of sickness. Health insurance is a scam.

[@gunner2gunner]

I’m 51 years old and I retired at age 38. My key to retiring was want vs need. Saved and invested. I’m not rich, but I’m extremely happy, and debt free.

[@anothersomebody8195]

That was '07. You must have invested in RE.?.

[@yoloforthelambo5533]

You retired during the GFC? That's ballsy.

[@idkuok9669]

great advice people like u inspire me I want retire before I'm 45

[@markwhittaker6866]

Congratulations. You are living life on your terms. That is absolutely fantastic. Continue to enjoy your retirement.

[@sk8man2k]

Congrats! Can you give me a rough idea of how much saving a person would need to retire early?

[@84gaynor]

I began working at 18, strived and grew my portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want my portfolio to grow to a 7-figure ball park i can retire in 9 years. What should I do?

[@gagnepaingilly]

I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.

[@AntagonisticAsian]

IMO, Adding JEPI and JEPQ is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.

[@sommersalt88]

De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.

[@Curbalnk]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@sommersalt88]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.

[@Raymondjohn2]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@bob.weaver72]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@martingiavarini]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

[@TheJackCain-84]

Mind if I ask you to recommend this particular coach you using their service?

[@martingiavarini]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@TheJackCain-84]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@NotAfraidToQuestionThings]

If having a working spouse is "retiring" then my wife retired at 19.

[@Supertech37]

Nice

[@ordinaryhuman5645]

You must be a really nice guy to support a retired wife who doesn't do any sort of working, home making, or child raising at that age. You may be spoiling her a little too much.

[@chrisludwig9783]

Lololol

[@unicornbubbles2446]

@@donutglazer6464 there's word for people like you. Incel

[@NotAfraidToQuestionThings]

@@ordinaryhuman5645 Who says she wasn't?

[@chadernest4399]

Cool thing about this guy is he found out what is the most valued....time. He can literally do whatever he wants and is not stressed out all the time and that’s amazing.

[@NoraVonYT]

I love this guy. He has so much joy and he’s not afraid to show it!

[@Heypistola]

He's also neurotic and this method isn't reasonable for the majority of people exploring alternative lifestyles.

[@NoraVonYT]

@@Heypistola Maybe, but he doesn’t seem to mind that he’s different from others. He found a way that works for him and that’s great

[@AlexSanchez2254]

Awesome! I was aiming to retire at 30 and at this point in my life I know I can do it... but my goals changed now I wanna keep building wealth so I can give more to people in need. Sounds cheesy but I’m totally serious. Nothing brings more joy than giving to people who actually need it. That includes mom and dad. I owe them the world.

[@pajcka]

If you have overflowing , just give to other people.Its balance. Someone can't earn enough , someone can much more then he or she needed.

[@FortyTwoAnswerToEverything]

Shoot, the guy's right, just having reduced work hours would make so many people happy and enjoy life a little more without having to retire

[@eric9964]

ChillCosmos I love this concept, but I just see his situation as stressful. I mean he’s cutting costs on soo much. I guess it’s more my desired style of living, I just look around his house and would not be able to retire like that.

[@CLHogg]

yea-but he never goes anywhere. What has he experienced in life because he doesn't spend any money other than living in his four walls at home?

[@bakeraus]

ChillCosmos that’s what I did. I’m 35 work four days a week and it really has changed my mental health. I worked full time from 18 years old and I found myself just getting stressed and frustrated with customers and staff. I live differently with housing (tiny house on wheels) now saving for an apartment or cheaper home now which will be small max two bedroom. My fiancé works 3-4 days and we have travelled a lot as we decided it’s better to do that early while we have good health. It’s worth it if you can.

[@michaelc9721]

@@eric9964 Retire like what (you said you couldn't retire like "that" )? He has a nice house, spends time with his wife and kids, and does what he enjoys. What are you doing?

[@VivaLaGolf42]

Eric Engman yeah it’s his choice. Other people in the FIRE community have chosen to live abroad, travel, start businesses. They don’t just sit at home and count beans

[@drazicmilosovic1065]

Rational - friendly - realistic - organised - prioritised. This man is my polar opposite. I salute him!

[@drazicmilosovic1065]

Michael Freed its Australia Day right now - so......I assume we’re on the same page. But if not.... I’m drunk anyway.... thank you for responding 👍

[@wijaya_entchanel4165]

YESS 👍

[@myassetscore8165]

Love the comment. That made me laugh.

[@drazicmilosovic1065]

My Asset Score your response really helped me during a lousy day. I’m glad you liked my comment. Thank you 😉

[@PositiveMommaLife]

So funny! Haha. Thank you for the smile

[@jonihaworth7623]

I love this dude, he's so relatable and I honestly don't feel like his lifestyle is that extreme.

[@georgerobinson2021]

Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom

[@harrisonjamie794]

In my opinion, venturing into a good investment is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting it. Nevertheless, investing can be difficult and risky doing it solely, For this reason, I advise seeking help from professionals(financial advisors). It’s not just watching videos and reading investment books the challenge is using them well.

[@georgerobinson2021]

@@harrisonjamie794 sincerely, I’m truly inspired by your words. I’m very interested in investing and I have got a good sum of money which I’m ready to put in with the right information. My biggest fear is losing my money on the wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.

[@harrisonjamie794]

@@georgerobinson2021 As an OAP with a lot of experience, I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made $100,000 working with *PRISCILLA DIANE AIVAZIAN* a licensed financial adviser . It’s been a promising experience so far with her.

[@georgerobinson2021]

@@harrisonjamie794 Please, how do I connect with your financial planner?

[@harrisonjamie794]

@@georgerobinson2021 quickly do a web check where you can connect with her, and do your research with her full name mentioned

[@joshuaderungs8792]

I like this guy. Not afraid to be himself on camera. A lot of good insight that most people don’t discuss with 🔥

[@shariff4473]

Great point, respect

[@f.t.wibowo5260]

yep i find it weird at first but then i realized that's just confidence

[@pustacmato5031]

He doesn't realize hes being himself.

[@TigerKhan1990]

@@f.t.wibowo5260 Either that, or he simply doesn't care. I imagine if you told this guy that he looked goofy/nerdy on the internet, he'd probably just blink, smile, and give you a "great, so what?" There's a lot of power in that... doing what YOU want and not caring too much what others think.

[@georginadamon203]

Financial security brings about self confidence, and he has gotten that income to boost his confidence. I am currently working towards getting retired this early too. Already close to the million mark in just 13 months, thanks to my financial advisor (Karen Evans Doss) I would get there really early.

[@uhu597]

An Acer laptop. That's a sign of frugality right there.

[@aimeemaurer4862]

I just bought an Acer

[@einstein1102]

Driving a Toyota and not fancy BMW or Mercedes... That's another sign

[@Rob-te5ct]

Ya most college kids have a MacBook Pro lol

[@lal5555f]

@@Rob-te5ct heavy work loads. i had an acer and it nearly ended my college career

[@VoiceOfThe]

I’m still using an iPhone 5c.

[@callumfrank]

Such a sweet video, one that folks really need to watch. I’m 50, retired a while at 45. I have 35% of my capital invstments in an IRA, 25% in index funds, and the balance spread across other investment accts, in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly.

[@annMarien]

You seem to be doing a bit good for yourself. Do you achieve this via a consultant? because I need a scheme to generate a high yield percentage ROI for me and advise on what that would be. In essence, good investments that'll help me achieve FIRE.

[@callumfrank]

@@annMarien Oh yes I definitely use a licensed consultancy agency. They place a sizeable portion of my earnings in fixed securities that generate high in-come for me quarterly like treasury bills, corporate bonds, government securities, and debentures & REITs.

[@annMarien]

@@callumfrank Okay please is there a way I could reach out to this consultancy agency? There's certain goals I have for myself before clocking 50.

[@weicaihon]

You’re really killing the FIRE game 🔥I wish to achieve this some day

[@callumfrank]

they're cal led " ferro chrome financial securities "

[@ryanhumor]

Just told my mother I am going to leave the workforce before 40 (I am 35). Now I am telling yall. I appreciate your well wishes.

[@terrellsmith6715]

Power to you bro

[@dingfeldersmurfalot4560]

If you can, great! Live your life instead of having your life live you.

[@stevenhicks7613]

How you doing so far?

[@missnlahi]

Make it happen!

[@ryanhumor]

@@stevenhicks7613 getting closer. Things are lining up better than I could’ve expected. Thank you for checking in Steven 🙏🏾⬆️

[@John-hw3ds]

Awesome interview and he passed on great information. I had to laugh at him not wanting to tell people he is retired. I retired at 42 and that was one of the things i started to dread the most. Everybody seemed to get upset, jealous, or in disbelief that one could retire early. It was always an uncomfortable conversation. I was retired for about 19 months then got offered a job I just could not refuse and its been an outstanding second career. Maybe ill try again at 55.

[@vince5494]

Been reitred since I was 23, don't let the opinions of others affect you friend! I thought a job was the only productive way to occupy my time as well until I found what I was looking for most out of life. Awesome job by the way💪

[@DanKeeley]

@@vince5494 nice. Wheres your video story? 😀

[@binbalebardac4156]

My wife retired in June 2018 at 38 and I hit FIRE December 31st 2019 at 48, We also dread the awkward, "So what do you do for a living?" topic. Most people's brains just seem to go into reject mode. Its as if they internally surmise that if they could not achieve this task, then no one else could have possibly done it and still be normal, happy and not have been gifted a huge windfall/advantage. :)

[@xomox5316]

I can relate, retired at 41, people look at me like I'm crazy when I say I'm retired and some get a little passive aggressive about it family members etc... It's not like I was bragging about it would just mention it when asked what I do. I now just say I'm an investor much easier people accept that. /shrug

[@michaelc9721]

I just say "retired". Then if they have the gumption to ask what I do I say "anything and everything." In addition, if they go further, I tell them that I have not regretted even one day my decision to retire early (at 56).

[@sunnydaze6974]

I retired at 40, it gets very boring very quickly so I now volunteer with various charities.

[@carojames6776]

Get yourself some hobbies .

[@lal5555f]

weird how people with no interests retire lol whats the point

[@FreshKicks4545]

Work part time 4 hours a day

[@Dbf1339]

@@lal5555f if I didn't work so much there would be so many hobbies to start and time to spend doing things but it will cost some money

[@videofan1010]

That's exactly what I would do.

[@meghanarai3923]

This is the mindset my grandparents used all their life. And they are millionaires. They never inherited anything. This guy gives good advice which our current generation have forgotten

[@SleepCove]

Boomers had the best economic conditions and low housing costs that are not available to millennials. It amazes me that people won’t acknowledge this and bash the younger generation at the same time.

[@rosebud7105]

Cool! We retired early, too. I retired at 36 and my husband did at 40, although he has decided to return to the workforce again, at age 44, to save up for a few luxury items that are not currently in the budget before retiring permanently. So, he’s back in school for a second career and enjoying being in a classroom environment learning something new.

[@robd9819]

Retired at 39 in 2000. So far so good!

[@JamesSmith-cm7sg]

How much do you live on?

[@emmaleec1714]

I've read this guy's blog for years, but somehow I don't think I'd ever heard his full story before! Thanks for bringing him on the show

[@tarra_amaya]

Emmalee C do they ever travel?

[@Kathryn721]

Love it. I'm glad he talked about the emotions that first year after FIRE. We are on that path too and I retired early a few months ago (spouse will in a few years as well). I was surprised at the emotions I've felt. It's mostly good, but I have also felt a little lost without focusing on my business all the time. I didn't expect that! Maybe I should have, but after many years of working hard it's strange when you don't have to anymore.

[@AddilynTuffin]

Americans estimate they’ll need more than $1 million to retire comfortably - but most aren’t bullish about meeting that goal. Millennial workers predicted they will need to accumulate $1.3 million, according to a new retirement survey from investment manager Schroders. Just 29% expect to reach that target. I’ve been sitting on over $745K equity from a home sale and I want to invest on the stock market, how do I achieve this?

[@albacus2400BC]

American workers are losing ground on retirement readiness and increasing the risk of outliving their assets, we all need to do more to help improve the savings and retirement security. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.

[@ericmendels]

Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $220K within a short time

[@kaylawood9053]

That's impressive! I could really use the expertise of this advsors

[@ericmendels]

My advisor's name is KAITLIN ROSE STERNBERG, and she has years of experience in the financial market. You can simply search her name on the web

[@kaylawood9053]

Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds.

[@haleycarolina85]

This guy is awesome!! What practical, useful, genuine advice! Can’t wait to read his blog and book 🙌 Thanks so much for continuing to make diverse alternative living videos like this. ❤️

[@sheilae.535]

Im 34, looking forward to early retirement! enjoying life out of a rat race, this video is so inspiring.

[@BlackMillennialMoney]

I really like this guy. He’s honest and very real with the audience. Also the planning is awesome.

[@nicolejennings8389]

Interesting. I'm 33 and have been retired in Texas since I was 29 years old. I had to downsize a large amount of the entire lifestyle but I also don't have children or much debt so I can live in small spaces and rent with roommates and share the costs. I began with 16k in savings. My budget is about $1200/month. I started working when I was 14 years old and saved my summer job income and the all of college jobs as much as possible after the tuition and books.

[@lilsaint91]

I am so attracted by you

[@marjoriegilbers3626]

I’m a dividend investor My wife and I have invested in the s&p500, both through my TSP with the government, and through Fidelity in her 401-k.Cashed out 270k from the S&P and invested with a Full service broker . Until around 4 years ago we were 100% in the s&p after over 20 years.I'm retiring at the end of this month at 52, while my wife will retire next year at 50. We currently have 2.9 million in out tax deferred savings..

[@kathryngibbse5251]

Wow this is really impressive...congrats on your success

[@henrygardner6448]

you made that much from s&p500!! do you by any chance do referrals on your broker?

[@marjoriegilbers3626]

@@henrygardner6448 Certainly I do but I can’t just leave her info here, just google her yourself, her full name is Nancy Jane Gluck, she has a website and everything so you can reach her from there...

[@harleycartley3138]

smart investing is key

[@dingfeldersmurfalot4560]

@@henrygardner6448 S&P 500 is a standard fund that can be gotten at low load or no-load. You don't need a specific broker for it, and no real trading is involved.

[@mishrag104]

I retired at 38 in India and early retirement has challenge to stay engaged without work and make you lazy. My advice, if you plan to retire early, you must figure how you can stay busy after retirement.

[@keyurpatel1982]

Have you invested in Mutual Funds ???

[@Samarthjbr]

@@keyurpatel1982 plus1

[@livingstressfree2126]

A very honest and likable guy. Straightforward advice. Thanks

[@simonsayshi]

33 and one bill away from debt free . I always said I wanted to retire at 45. Appreciate the video .. love your perspective

[@LungsOutJem]

This works great for people bringing in $200k a year and have been wasting tons of money. Not so much for those of us surviving on $25k who are already doing all of this.

[@LuisaH2022]

I survive on $5k per year

[@LungsOutJem]

@@LuisaH2022 and I bet you already do all of this and more. Best wishes to you, survivor.

[@SandungaLuna]

Agreed ! He's an engineer... lol

[@LungsOutJem]

@Natalie Kurkjian you're missing the point. Besides the fact that there are thousands of legitimate reasons why some people will never be able to make that kind of money, the core aspect of this is that most people are already doing all of these things just to get by, so this channel making a video about "how easy it is to save tons of money by making a few small changes" is an extremely privileged perspective that doesn't take most of the audience into account. I could literally live the rest of my life off of one year of this man's salary, and he's acting like he has to do all of this just to put a little cash in his savings account. It's insulting.

[@alicenandawula1648]

J.C there are People earning less and started the same movement and they are getting there and others already there

[@Disciple808]

I retired in 2018 when I was 28 because of certain life circumstances, I have 1 investment property and never had to return to “9-5.” Although I’m not living luxuriously, I have what I need to survive and am thankful.

[@MalluStyleMultiMedia]

nice..you beat me...I retired at 32..."Although I’m not living luxuriously, I have what I need to survive and am thankful."... that's your quote...but it applies to me too

[@charonsiouxsie949]

Thank you. I really appreciate this perspective. There's really valuable info here that is quite pertinent to us all, but not so readily available, and free.

[@seccat]

Thanks for re-phrasing of “I’m retired”. It’ll help me a lot, because I look a lot younger than I’m actually am. Low stress & good 🧬

[@jillybohac3627]

I’m retired and have my house paid off I’m 42 ! Best feeling ever

[@Rooneytunes01]

Jilly Bohac smart girl, congrats!

[@amberp5207]

Congratulations! That’s a huge accomplishment

[@Carolina480]

I'm so happy for yu where do yu live

[@jose-tv2tn]

Wonderful !! Congratulations !!

[@olivionb]

Congratulations on your achievement! 🙂

[@zFLAVEz]

It's funny how this style of living is considered out of the norm.

[@christoferrage]

The real issue is to find a partner that wants to live this way too. Yes you can do it single, but most people don’t want to live forever alone.

[@FC-hj9ub]

It's actually very normal

[@laverdadbuscador]

I live this way and so does my wife. It seems like we're in the minority, but hard to say without statistics.

[@owenmarshall2599]

liam something i think if you want to retire at 38 you chose the wrong career path. Living below your means is awesome but it is wild to me people want to retire so early. Good on you if that’s what you want but it kinda seems sad to me.

[@owenmarshall2599]

Jordan Lewis I would feel like I was just existing, not living, but if people want that good on them

[@hpham2101]

Well done and thank you so much for sharing your journey!

[@dboucher26]

I just turned 38 and I retire at 38; 6 months to go. My wife retired 4 years ago at 32. Our only debt is our mortgage.

[@dawnas.malone3330]

This family is very blessed to have gotten this all figured out for themselves. Blessings Dear One's 🤗💞

[@unicorndnaranja5865]

Dave Ramsey has been preaching the principles needed to become a millionaire right from dadgum broke for 30 years. Not sure if you've seen his channel.

[@simini1837]

Due to serious illness in the past I still get tired quite quickly and therefore can only work part time. I work everyday until 14:00 pm max. The fact that I can't work more hours has many disadvantages but the good side to it is that I feel quite free even though in my free time I don't have a lot of energy. It's nice to go home or take a walk after 5 hours of work instead of being in an office all day. I love my job but I feel working part time makes me more creative. The idea of retiring so young seems a bit extreme to me, part time work gives a sense of purpose, financial stability and leaves space for others things and family and friends

[@chocola4llusion]

A really nice sympathic man and a happy family because they have time for eachother!

[@bitether2096]

Tim is right, having the flexibility to do anything with your kids is priceless. Money can't buy us time or true happiness, but we still need to be smart with money to get us by.

[@NickPeitsch]

Man's a HUGE motivation for us in our 20's and 30's out there! On my way at age 24 :)

[@greenlilacs2521]

He definitely planned well. It helps that his wife was of the same mindset. I’m 24 too.

[@iggyfaux6931]

I'm 24 soon with rentals

[@fauj7860]

Im 25 and been working since i was 22 @ 65k a year ,started saving and will prolly have 100k saved by the end of this year but dont know much about investing other than the old skool real estate kinda stuff , i live in toronto and seeing house prices skyrocketing all these years i dont think i can retire anytime soon or even before im 55-60 atleast😔

[@martinezjames83]

Ahh to be young lol

[@kimmiasnss]

@@greenlilacs2521 26, a PhD candidate but I am planning to work on my financial independency as soon as I will defend my thesis 💪

[@TheProjectOverload]

Great content - We need more Canadian content on FIRE and FI topics - Most of the news and information out there is US based - Thanks for posting!

[@iNinjeek]

What a great man, he's teaching is kids such good lessons at a young age :) Salute him. I wasn't even planning to give my kid allowances at all, but this video made me change my mind! It'll be better longterm.

[@djason_music]

This family is great! Clearly identifying the things that are the most important to them (like D&D!!), and cutting out the rest. What a rich life.

[@Texas_Squatch]

I retired from the Army at age 37 (Permanent Disabled Retired List), I backed it up with Monthly & Quarterly Dividends and I am now 53, living in Sunny Florida, and have not worked a day since I retired from the Army in 2004. Always have a back up plan.

[@joanrichards8252]

I admire young people that can retire early, and enjoying it! I also retired at 45 ( 20)yrs ago. Our house was bought cash, our cars a paid off, I have a small saving, which I am hoping to invest some of it soon, and I have an income of $1800/month. I am happy for you guys!

[@daelimefive]

What a great lad and family man. Inspirational!

[@charleshurstreinvention3959]

I've tried early half retirement at 49 and it wasn't as great as I thought. (I contract so I can spend as much time off as I want). Here was my take and I tried it a few times as I posted to my own subscribers. I was a physical therapy contractor and at times still am. But three times I went overseas to exit out of the workforce. Each time was four months. The first few weeks were great. Then I started sleeping later and later. Finally it got to the point where I was going to bed at 3:00 am and getting up at noon. You can only train in the gym so long and see the castles and temples so many times. Even living in Gdansk, Poland on the Baltic beach----you take that walk down the beach---again. And I had no purpose. Even though I was in the beginnings of making my own videos and setting up the channel I still had 7-8 hours of down time a day. And I don't go to clubs and bars so that left a whole lot of idleness. End point--a human feels the best when there is a purpose. I used to work with the elderly and can tell you that they have a lot of depression once their role in life is gone besides that fishing trip---again. I think I'll also have a part time gig whether it is becoming the almighty influencer or being a part time physical therapist. My mental soundness is far better with a role to play than when I was on permanent vacation. Hope that helps someone out there--Charles

[@barryp4700]

He has an extensive Terry Pratchet collection, my favorite author! Well done to him and I wish him all of the best.

[@icecrystal3255]

What he says about the life balance of working less than full time is so true!

[@SaadonAksah]

awesome! thanks for sharing!

[@jeshua09181987]

I've been in my job for 10 years and i'm already 33 and planning to retire at 43, i'll have 10 more years of work slavery (optional retirement needs 20 yrs of service to have a pension) most of my colleagues will exhaust the 56 mandatory retirement age but i don't want that so i am researching on the best plan to accomplish my goals, it excites and freaks me out at the same time.

[@makeyourownhappiness]

so thankful for the Canadian content. Merci!

[@revokdaryl1]

What the man said about not being happy when retired is a very good point. This also applies to life itself: If one can't enjoy life, what's the point in living? This is why so many young people are taking their own lives.

[@AchiraDasgupta]

Yeah being seen as a cog in the wheel by the world must be pretty daunting at some point!

[@Putseller100]

What he says about reduced hours instead of full time is sooo true. Our society pushes us into one full time job that we dedicate all our work energy towards. Why aren't more people working two or three part time jobs which give variety to what they do and decrease the chance of burnout. Doing the same thing over and over gets old no matter how much you liked it in the beginning. Take grass cutting, having a handful of lawns is enjoyable being outside getting exercise but then again doing that full time would be hell.

[@drew8642]

How do you get the much flexibility in scheduling all those “jobs” unless it’s the new “gig”type I guess.

[@AchiraDasgupta]

This sounds nice

[@PeterCarqueville]

"A lot of people would be a lot happier on reduced hours!" - Yes to that!

[@MarysMakesandMends]

The headline of one his blog posts "How to survive on $36k a year", well that's pretty easy when I make less than that! Haha

[@beautifulrecovery2337]

Omg same...right ?!

[@t.m.3360]

$38k for two adults, two sons and a dog: Seems not much.

[@lisettelachat1870]

T. M. I'm on 12k looking after a teenage daughter and 2 cats

[@t.m.3360]

lisette la chat 12k a year for 2 in Canada? Wow.

[@ossifkiki7574]

👏🏾

[@Rleetuber]

My spouse and I retired at 60. We hadn't planned to, but, fortunately we had been debt free throughout our marriage and were able to invest money, (both of us had good paying jobs). The key for us was to only purchase things when we had saved up the cash. Now 6 yrs in (retirement), we live very well. It does take a well laid out plan and great discipline to achieve this kind of lifestyle, but it is so worth it.

[@alexadnan1032]

Respect to this guy for being authentic and creative with his choices

[@Dreynoso11]

Very Smart Man All Power to Him and his family....

[@blinddog4288]

DnD is my one way to cut cost while having a ton of fun!!! I'm working on FIRE and close to achieving it at 50.

[@mirisoji8406]

I like that they have a written plan for what to do in worse case scenarios and that he talks about how to be happy in retirement even if you are still working a part-time job but one you enjoy.

[@toddhower8215]

thanks for the video. Tim and his family are Rock stars! Way to go....

[@Erin-rg3dw]

I appreciate how he prioritized giving back as part of his budget. That's not something you many of the financial planners and FIRE people mention, but it's definitely a major part of his goals.

[@lilyannafrench8435]

My husband retired at 49, it's been a year and he's looking for a job. He's bored out of his mind. He's a people person and living in a mountain resort area he can only ride his bike so much, golf so much and putt around so much. Hopefully he finds a job soon before he drives me completely nuts.

[@davecisneros5285]

This is the guy I probably drive behind during the work week as he takes a Sunday drive slowly to nowhere in particular.

[@thomasyu4010]

Great guy and great video! thanks for sharing

[@forevergogo]

"How to survive on 36k$ a year" Dude, I survived on 22k$ a year for nearly a decade, I barely pass 40k now, not everyone is an engineer or doctor.

[@yeller93]

Yes, it's a bit different when you're an engineer who makes a large income and living in a town with far lower expenses than other parts of the country and able to put money away and invest. You and I can't, we're just always in survival mode with our incomes.

[@ariefraiser140]

Are you surviving on $22k a year with a family of 4? Also keep in mind $22K 10 years ago when adjusted for inflation is about $26k today.

[@taikajorma7276]

Patrick Banks Maybe you should go and work for your money instead of whining my grandpa grew up really poor and didint have much to go with but he worked and worked lol

[@zeberzeleniev]

​@@taikajorma7276 He's raising an important point about F.I.R.E. though: virtually every early retiree you'll find on KZbin used to have a highly paid job. For some reason these videos never point that out. I'd challenge you to find me a single average to low earner who achieved F.I.R.E., but I know Snape killed you, so there's no point.

[@cubingmachine1968]

zeberzeleniev at the 0:30 second mark the video stated that they acknowledge “this lifestyle is extreme and isn’t accessible to everyone”? Can I challenge you to watch the whole video before you enter the comment section?

[@ChazEvansdale]

I'm currently debt free. I'm saving up for a new car and building a tiny house of my own design - with cash / without a loan. My current plan has me retiring in 10-20 years. I've been a minimalist and lived simply for the past 10 years, 6 of which I traveled.

[@titusm2320]

Sweet. Retire in 10 and travel! 20 is too far away

[@xomox5316]

tiny house is a good idea, new car not really worth it.

[@MickDoesStuff]

@Tikes Knit Bar "building a tiny house of my own design - with cash / without a loan."

[@patc1309]

Do you need to buy the land for your tiny house?

[@-.TS.-]

Do you have kids? Just curious how that changes things

[@kyelasterner2603]

Good for u this is awesome and so inspiring

[@AbhishekSharma-zm8dt]

1:27 He using Acer laptop and not Apple. Definitely he saved a lot there

[@helena3631]

i have a Acer and and apple I have both fiver years later and my acer cost me 300 approx and my apple 1000..so my Acer is a better bang for your buck..and it helps i still use an iphone 6s ..as long as my phone works I am using it ..I prefer to be debt free than keeping up

[@Slymel22]

You can save even more. Entry level smartphone are getting better and better. Got myself a G7 Power (motorola) 2 years ago. It still works great, got a 5000ma battery on it (Which lasts at least 2 days, and after 2 years the battery is still good). For sure if u ''GAME'' last gen games it won't work on it. But if it's only for browsing, making calls, texts, and general basic needs then it will work great. Cost me 200 CAD Taxes included, with a ''Otterbox Commuter'' and a screen protector (All those for 200) TO me it was a no-brainer and a steal.

[@MedievalFantasyTV]

Retire at 40 and play Dungeons & Dragons. That's always been my goal in life, except I am already 40 and don't have two cents to rub together.

[@nathancook8325]

Retirement could be no joy if you didn't save enough before retiring.I retired at 66 and have saved $ 1.11 million over the years of my investment. and I'm grateful to God that at least I retired in good health. D&D is a nice game tho

[@davidcarl7812]

@@nathancook8325 That's so true, whether you retire early or late what matters is how you invested your money.

[@demmymemphis8615]

Crypto investment should be on every wise individual list. In a few years you will be ecstatic about the decision you made today. Trust comes from the heart I have doubted crypto for so long until I finally decided to give this a trial

[@winnersenel3992]

@@nathancook8325 I seriously need a nice investment scheme invest my money. I planning on retiring in 6 months time. I'm thinking of investing in stock, crypto or real estate.

[@mirankurt3652]

@@winnersenel3992 Crypto investment is the fastest wealth growing scheme anyone can venture into this 2021

[@jeffdorris5321]

Very interesting. Most people don't realize that retirement Is not reaching a certain age it is a number.

[@wijaya_entchanel4165]

Thanks for sharing life experiences 👍🤝

[@SO-wo6mc]

Great video. I enjoyed his insight and plans for transitioning after full time work. Many people struggle with that, even at normal retirement ages. You have to find your purpose or create a new one. 👏👏👏 well done

[@brianlehmkuhl8162]

Legend has it he is back to work in order to fund his ever growing ring collection.

[@ingenuity168]

🤣🤣🤣

[@georgesotiriou7051]

A man has needs.

[@goodbyemax]

I appreciate his calm and rational approach to FIRE. Great video.

[@zhin4362]

As an engineering grad, this gives me hope.

[@peterkim5956]

Retired at 48 and moved abroad! My retirement savings just tripled, figuratively. The cost of living in Baja, Mexico is about a third of what it is in California save gasoline and few other items. I bought a house outright and my fixed monthly expenses are under USD 300. I am 50 miles south of San Diego, CA and just couple a few blocks from the Pacific Ocean. The community is an enclave for American expats. A comparative house located in a private resort community with 27 hole golf course and 24 hour security in San Diego would set me back over 3 million USD. I have the view and access to the same Pacific Ocean for a fraction of the cost. Moving abroad to a country with lower cost of living is an option worth exploring!!

[@y.r.2763]

I retired at 35 years old ( two years ago) i'm very happy with my life now, i've done a lot of traveling, i spend more time with my family and friends...but sometimes i miss my work .

[@blessedvisionary372]

What a wholesome human being. Other then all the ferraris and gold chains and nonsense people aspire for - all we really want is a happy home

[@laurelrunlaurelrun]

this guy knows what 'enough' is. salt of the earth.

[@jordanl7459]

what great practical advise.

[@rosalindlively677]

Great encouraging man!!

[@d_dave7200]

This guy's awesome. Lots of excellent planning. Writing, fantasy, D&D... I think it's fair to say we'd get along :p

[@GarryBurgess]

This is a very smart man. I retired the dumb way at 59.

[@MyFriendlyPup]

He is still working, the man took a new job. The wife works too.

[@GarryBurgess]

@@MyFriendlyPup Well, work in itself is not the problem, it's restriction of freedom.

[@sashachip]

59 is still young to retire. These days people are working well beyond 65.

[@GarryBurgess]

@@sashachip I know. I pity them.

[@sashachip]

@@GarryBurgess only pity them if they are unhappy. Many people retire and then start working again because they are not happy retired. This man is still working. If you look at his investment portfolio- it's actually not very much, certainly not enough to be retiring at such a young age, hence his part-time job and the fact that he and his wife still have a combined income of about $70K/yr. He's not really retired in the traditional sense of retirement. If he and his wife stopped working altogether they would run out of money in about 15-20yrs at best.

[@4everu984]

Wow!!!! 🔥🔥🔥🔥🔥 thank you for inspiration!!!!!

[@tclucke]

My Dad retired and it wasn't what he was dreaming it would be. Too bad life doesn't work like that. Working hard keeps the brain going and keeps you out of a rut.

[@dc4539]

Sounds like he needs some challenging hobbies

[@hvelavan1]

I am an engineer and I know linemen who make more than me so all the comments saying that he retired because he was an engineer is not right. Also, this guy seem super frugal and happy about it. If you can get into that essentialist mentality, this may work. Some people who can afford to retire early don’t do it because they don’t have any hobbies or other interests. So, if you don’t have activities to occupy your time, early retirement is not worth it.

[@theWZZA]

One big worry we have in the U.S. is healthcare. The system is designed to force you to keep working. University is also a lot less expensive in Canada. It's cool that this guy pulled it off, though.

[@NHseacoast]

Guy lives in Canada, health insurance is paid for by the government, for me in living in the northeast a good health plan Is $27,000 a year

[@chamade166]

NHseacoast 27,000/year? What the actual fuck. Hope you guys can sort that out soon. Living without guaranteed healthcare that can’t bankrupt my family would bring me a lot of anxiety.

[@greghelton4668]

Healthcare in the US would cost an additional $12,000 per year for his family.

[@Falcodrin]

You can move. There are lots of older Americans living around the world on social security alone and living like Kings while they are at it. KZbin some retired expats.

[@JasonManners]

@@NHseacoast their healthcare is not paid for by the government. The government does not have any money until they get it from the people.

[@maxkallio]

Great video!

[@leschurchill804]

I retired, but I am a lot older than he is, and I worked a total of 47 years. Unlike him, I have a pension and will be getting Social Security, since I am in the US. I experienced a lot reactions from people, although I had worked on my last job for 34 years and six months, and I am 65 years old age. Many people didn't understand why I wanted to retire. So, since they did not understand why I was making the decision to retire, I didn't waste my breath giving them an explanation. I felt that I had paid my dues in the workforce and then some. He is right about the emotional aspect of it. You really have to adjust your thinking and time, and remember that there are things that are not necessary to do anymore. I have only been retired a month, but honestly I don't miss my job. It had become a nightmare. His life is different, because he has a family, and I do not, but it did not stop me from my goal. I really enjoy not having to get up in the dark to go to work. Sleeping to 12 noon is wonderful. I employ all of you to try it, but not to wait as long as I did, although financially, I could not have done it sooner, and because of the need for healthcare insurance in the US. L. Marie Churchill