Most people get this WRONG || Don't let it be you!

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This information is provided solely as an informational resource and should not be construed as investment advice or recommendations. Decisions regarding investment strategies, retirement timing, and other financial planning aspects constitute critical choices in one's lifetime and should never be taken lightly.
This information is presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific person, and may not be suitable for all individuals.
It is crucial to note that this information is not intended to form the primary basis for any investment decision. Always consult your own legal, tax, and/or investment advisor before making any decisions related to investment, taxation, estate planning, or financial considerations.
Contrary to the notion of "get rich" programs, success in financial matters often involves fundamental strategies, diligence, and time in the market. Conduct thorough research, make prudent choices.

[@davidbenett1]

I started my SS at 62 1/2, my wife who is 20 months younger than me started at 62. With my pension for working 25+ years we’re doing just fine.That was over 3 years ago & we never looked back. Haven't touched our investments other than to travel. I had two brothers die of cancer 3 years apart. One died at 62 & never drew a dime of his SS. The other died at at 65 & drew 10 months. Let's be honest here, the reason the Government is offering you a bigger payday at 70 is because they're banking on you not making it!

[@borisVladimir2]

It sounds like you've made some wise decisions regarding your Social Security and pension, but I'm sorry to hear about the loss of your brothers. Planning for retirement is crucial, especially with uncertainties like health issues. Before it's too late, it might be a good idea to seek the guidance of a financial advisor who can help you make the most of your investments and ensure a comfortable retirement. They can help tailor a plan that suits your needs and goals, giving you peace of mind for the future. It's never too late to start planning for a secure financial future.

[@alihossan6655]

Absolutely, I totally agree. It's crucial to consult a mentor in finances as soon as possible. I've personally witnessed the impact it can have. I was able to increase my investments by $700k with the assistance of my mentor, which has greatly increased my sense of security for the future. Take your time, then, and pick someone you can trust. In the long term, it's worthwhile.

[@davidbenett1]

@@alihossan6655 I completely understand where you're coming from. Having a trusted guide for your financial journey can make all the difference in feeling secure about your future. It's inspiring to hear about the positive impact your mentor has had on your investments. I'm actually in a similar situation-I've accumulated $500k and I'm ready to put it to work, but I'm eager to find someone I can rely on to help me make smart decisions. Would you mind sharing the name of your mentor? I'd love to explore the possibility of learning from them too.

[@davidbenett1]

I get where you're coming from. Having someone you trust to guide you through your financial journey can really make you feel more secure about what's ahead. It's great to hear how much your mentor has helped you with your investments. I'm actually in a similar spot-I've saved up $500k and I'm ready to make it grow, but I really want to find someone I can trust to help me make smart moves. Do you think you could share the name of your mentor with me? I'd be really interested in seeing if they could help me out too.

[@alihossan6655]

My mentors name is LILY ADDISON YONAMINE. You are welcome!

[@jonathanholmes7922]

100% on teaching finance in schools. 👍

[@TheDuke792]

Grateful to my financial planner for laying out the roadmap to retirement. Their detailed procedures and steps have made this transition feel like a well-guided journey, steering me toward financial security and peace of mind.

[@wheelersinthewild]

Just found your channel, some excellent advice I wish we had learnt in our 30’s.

[@denise-stevens]

Now I know where the band got their name. Sent me down a rabbit hole to see why the band derived their name from an 18th century English agriculturalist who invented the seed drill. What a lovely setting where you and Sarah were married. Thank you for another terrific video.

[@2GoRoam]

Yes Denise, it was great to visit it again. I ended up chatting with the people that look after the gardens there... Lovely people looking after a wonderful location.

[@BoninBrighton]

I’ve got a lot of subscriptions but apart from just one I love them all!

[@thomasforster725]

You guys are very inspiring! I am from New Zealand. I am not retired yet, but it certainly influenced me to go on a slow travel through Europe for half a year in 2023. In 2024 I am going for 4 months to South America and work from there 4 hours a day for my company. Next year? Who knows. I will be traveling again if I can. - Thanks for your contents.

[@2GoRoam]

That is brilliant to hear Thomas. Living your life on your terms, good on you!

[@livingworkingoutsidebox]

​@@2GoRoamHey FYI looks like you have those Invetment bots/scammers in the David Bennett comment thread about Retiring at 62.

[@carlkeeling]

Totally agree regarding school, the two most important things in life, Health and wealth and neither are taught in schools 😢

[@carldavies6132]

I did not learn anything from this video. I do everything to save cash I retire next year at 66.

[@getlostblue_coach]

If this retirement thing doesnt work out, have you considered a career in acting? You're a natural! 😂 Love your content!

[@travelingexpats]

Great advice! As a newly retired traveling couple, we are trying to figure out what will work best for us. Appreciate you informing us.

[@stevenponte6655]

One way I’ve found to make sense of any saving I do is to equate it to my post retirement living expenses eg. Say I know I need $3k/month to live. Cutting $250/month on subscriptions doesn’t really mean anything, but cutting subscriptions for 1 year is a whole month that I don’t have to work!

[@2GoRoam]

Nice! That is just how we think about things too. Great way to look at costs.

[@kirkleadbetter1093]

Oh and listened to "Simple Path to Wealth" based on your advice. Great read. I'm getting it for my two boys who are a couple years out of college.

[@kirkleadbetter1093]

Looking forward to the Jethro Tull video; regardless of which direction it takes. Love the band, but have also racked up an uncomfortable amount of farrier videos on Tik Tok so I'm good either way. Great content from you both. I've got 10 years before we take the slow travel route around the world. Can't wait.

[@rickelliott3277]

Quality of ingredients is more important than low price junk ingredients. Think good health not price

[@2GoRoam]

Absolutely agree. One thing we have found is a brand name is no promise of quality. It is worth shopping around to find the best at a good price.

[@brettd3206]

Good advice. The lack of descent education for retirement in the USA is equivalent to GB. Looking forward to next weeks video.

[@2GoRoam]

Shame isn't it Brett. Thanks for your support!

[@no-secret-chart]

I totally connect to this video. Please continue to educate us. We know this is all important to learn.

[@Gpepp8401]

Beautiful walk, and great advice. My husband and I are in planning stages of retirement and yes, you will learn a lot that no one tells you. Be informed.

[@2GoRoam]

Thank you Gabriel. If you are in those planning stages, you might quite like what we have to share next week.

[@stephenpalmer528]

Hi both, as a teenager living in London I was taught about economics and investing in school. When I moved to Wales in my last year of school there was no such lessons. I'm glad I had that experience, as a 54 year old now I'm well advanced in investments compared to friends.

[@kingorry_i7327]

Great food for thought.......great to have a UK view on retirement too.......as for Jethro Tull and the lack of financial literacy in this country, "your wise men don't know how it feels, to be thick as a brick!!!!!" Keep up the great work....

[@Simon-je7ko]

There is one woman that coach me every year. She said last time that I was not on the right road at all. I almost said to her to get her broom and go on a ride 😂

[@theacase8738]

Ok. I have to break to go look up the horse husbandry bit. Be back soon!

[@2GoRoam]

It was quite something eh! You didn't come back lol

[@rbenjamin1429]

Great video! I also think teens should be taught about finances. I wish I had been…! I have a hard time understanding now, much older, as I plan for retirement.

[@waterydepths5584]

The retirement plan of a lady I know was to work until she dropped. Seriously, this was her plan. Then she got laid off at 72, is too ill to work, burning through savings and facing dire circumstances. It's just sad.

[@ginaclark805]

Some advisors won’t even work with you unless you have at least $500000 to a million. Sadly lower income people are the ones who truly need help. We used a fee only advisor and I think that’s the best way.

[@2GoRoam]

Fee free is a great way to go. Like using a 'pay as you go' model. We do the same if we need specific advice.

[@brucehollingdrake5531]

Hey Neil, Just discovered your channel a few weeks ago. Well done. Nice to see you recommend Collins' writing. I'm a big fan and follow his advice (It's working!). My wife and I are also travellers, brought our 9 year old on the road for a year a few years ago. We're ready to re-start our adventure this fall with a month in Spain and beginning in 2025 in perpetuity. Enjoying your videos..thanks.

[@2GoRoam]

Hi Bruce, Good on you for taking your 9 year old along for the ride. We have friends that travel fulltime with their children and it's giving them an amazing start in life. Spain? Keep watching our channel... you might find some interesting stuff coming up in a few months time.

[@carlyndolphin]

Been following your channel since day 1. I’m investing in VWRP and also property. I believe more people should be in investing a proportion of their salary to achieve financial freedom. All investing has a small degree of risk, but there is no other alternative to build wealth passively.

[@2GoRoam]

Hey! So you saw all our awful starting videos! Nooooo! VWRP, a great fund. You are right when you mention risk, thing is... risk is more a case of volatility. Over time, I think you'll find being in VWRP is a lot less risky than leaving that money in cash eh :-)

[@omrouk]

Very interesting video. I remember my work supplied pension talks and the “funds” their advisor recommended I put my money into. The broad categories that had vague descriptors that didn’t really explain anything. The combination of, you’ve got 5 minutes to select between these funds, which will potentially impact the rest of your life. Ah the fun of it all. As someone who, all things going well, should be mortgage free by the summer, I can’t wait for that part of my life to be over. While I stopped working in 2019 (and hopefully will never have to start again), I kept the mortgage as it was a really great rate. It comes due and great rates no longer exist, so it’s time for it to go. Financial literacy is something that we definitely should have been taught at school, because I can remember all sorts of financial decisions I made in my early twenties, which, looking back on now, were often really terrible ones and cost me a lot over the years. Loan decisions especially! Keep up the good work!!

[@2GoRoam]

Hi guys! We're just the same. Some horrible decisions made in our younger years that we'll always kick ourselves for making but... School didn't help us get a good understanding to start. Shame eh.

[@omrouk]

@@2GoRoam yes! However, look what we accomplished despite it all.

[@ryanbooth8421]

I did a Masters degree around the Dunning Kruger Effect with a communications slant. Fascinating subject. There’s 2 things I’ll take away from this: J.L Collins and The Horse Hoeing Husbandry by Jethro Tull. 😂 I’ve also shared this with my missus because she needs to listen to all of this. Safe travels. 🤙

[@travellingwithcrowsfeet]

We were on the same page.

[@patric5076]

Omg Even though I live in the USA, have very similar experiences abt retirement savings & planning 😅 It feels as though the financial industry purposely keeps us ignorant.

[@catobie1948]

So what about single people? It seems a double income is the ideal but we aren't that fortunate. Actually women who are older than you made very little money in their 20s.

[@2GoRoam]

Good to raise about single people. I think that if you are in that position, more important to really take the cutting of costs seriously as they will impact you more but also when you make a change the dividends are doubled. I know it isn't easy, we have many single friends and finding advice that they can trust is more difficult too.

[@reveandrobl4906]

Great video, Neil. Discussing finance can be such a taboo topic, but when you embark on the journey of unravelling finance the trajectory it can send you down can be life changing.

[@2GoRoam]

Absolutely. We have actually spent the last 2 hours looking at our 2024 budget and small changes have huge impacts! Have a good week you two!

[@2ndSprings]

My mind chases the same rabbits yours does. I'd be very interested in horfe and hoeing and Jethro Tull reviews.... once I've got my mind wrapped around ROTH Conversions and how to fund my slow travel / Ecuadorian homestead dreams. HAHA Thanks for sharing your great ideas and content.

[@2GoRoam]

We're going to leave the works for Jethro for another day :-). Thanks as ever for your support.

[@belindalombard4901]

Please give me the name or link of the song you recorded

[@2GoRoam]

kzbin.info/www/bejne/bKCmYaeeeNCUgJIsi=E6ZrpzJEq-FlS_ud Hope you enjoy it....

[@drackkor725]

Thanks for all of your great videos :)

[@2GoRoam]

Thank you so much! Makes it all worthwhile to hear that.

[@danielodonoghue3529]

God I am SO over Fred Smith and his cronies! Great video Neil.

[@2GoRoam]

People like Fred Smith get on my nerves too! Thank you for taking such a hard line Daniel :-)

[@Suz52]

Don’t think that Jethro Tull knew Ian Anderson😂😂😂😂😂

[@2GoRoam]

It's a complicated world Susan! :-)

[@andrewrobinson2565]

Has anyone offered to sponsor you? Have you been turning them away at gunpoint? 😮 Useful video 📸.

[@2GoRoam]

Hey Andrew. We have a folder of all our offers... Over 200 in there so far! We were close to doing a deal with a couple of companies then we decided it just wasn't worth it to potentially dilute our message.

[@andrewrobinson2565]

@@2GoRoam I certainly wouldn't begrudge you the income, but do you really have to dilute your message if you accept sponsorship (push a product or service that you use successfully yourselves)? 🤔(+1) Oops, edit 👍.

[@joeschu7794]

Thanks for sharing.

[@2GoRoam]

Our pleasure!

[@nickcastings1568]

Nothing stupid about not understanding pensions, I think if everyone was honest the biggest majority wouldn’t totally understand what there pension is or will be doing.

[@carolgeraghty3488]

Have you read the book The Great Taking?

[@2GoRoam]

Not heard of it, but will check it out thank you!

[@adamflannigan5446]

I much preferred Aqualung 😂

[@2GoRoam]

Haha good point Adam!

[@APW554]

Did have a ford cortina back in the day…..

[@keelyparker140]

I'm a teacher and yes the curriculum needs to address skills for life and financial literacy . It's lacking. But more to the point - we hired a financial advisor after we came into a sum of money. I was 45 , husband 36 . We told FA that our aim was to retire at 55. He basically said no chance and no more conversations were had. No advice given about how to do this , no different projections idea strategies etc. Needless to say we parted ways after a few years and we re now very nearly on track to retire with our happy median - me 58ish, husband 52ish. TBF this is only possible because of all my husband's research and hours learning about all things around finances , retirement and investing. Ps thanks for all your videos on all sides of retirement . I'm obsessed with the travel plans too.

[@2GoRoam]

Really dislike hearing things like that Keely... Goes to the point in the video where its easy to be scared of speaking to professionals, sadly I think too many lack real experience and expertise to provide holistic advice. If it didn't come out of their text book then it can't be done. Nothing wrong with a Ford Cortina Andrew :-)

[@JZCRealtorCA]

What's the company you have house sit for? I need someone to stay at my house and feed the dog. I think you are in the States at the beginning of the year. I am in SoCal. Temecula CA, the dog is easy, are you interested? I need all of April

[@MetalHeadMoney]

Do you invest in precious metals?

[@2GoRoam]

We don't as it isn't something we have specific knowledge of. I know that there are some great principles around something like that though.

[@jimmyhvy2277]

I Know Plenty of old people , out here who's retirement Plan , is to Die at Work ! World's Best Practice !

[@2GoRoam]

Sad, but true.