Our $1 Million Early Retirement | Don’t Make This Mistake!

[@40NorthFinances]

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[@johnoli2976]

I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.

[@duanec.duanec.sutherland5292]

Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.

[@40NorthFinances]

That sounds like such a fulfilling decision! It’s amazing how people often resist what they don’t understand, but you’ve clearly made the most of your retirement. Escaping to Latin America and embracing a new chapter while leaving behind the chaos is so inspiring. And you’re right-retirement is about finally enjoying the life you worked so hard for!

[@Bob_1993]

TV isn’t what it used to be, so true. Well done on unplugging from the matrix and living your best life!

[@40NorthFinances]

Thanks, Bob! We appreciate you watching.

[@Veronica-tk9rl]

new subscriber! your content is right up my alley, however as an early watcher, may i suggest making your talking points less "scripty" i know you want to include pertinent information, but it's your life experiences and I'm sure you can speak more organically about your early retirement so far

[@40NorthFinances]

Hey Veronica. Thanks so much for the constructive feedback. I definitely hope that we will get better at this whole youtube thing as we get more comfortable in front of the camera. It's quite an adjustment for 2 introverts to put ourselves out here. :). Thank you for your encouragement and for subscribing!

[@fifteen8]

Do you have health insurance, what is it, and how is it so cheap given your monthly expenses?

[@40NorthFinances]

Fantastic question! Briefly, in our state, due to our low income, medicaid and ACA play a huge role for early retirees like us. We will make a video about this in the future.

[@fifteen8]

@@40NorthFinances I'd appreciate it. The one thing that keeps my wife and me working is the cost of health care. I'd really like to know how you meet this need.

[@40NorthFinances]

I completely understand! Your age, income, and where you live play a big role. We live in a state with expanded medicaid. This means that folks can qualify based on being low income, which we are. There's no means testing. ACA (marketplace) works similar. Our coverage is fantastic. If you're subscribed, be sure to watch for a video about this in the near future.

[@danelston9317]

Love Indy and best friends live there. Will be visiting in s month or so. Do you ever consider renting your house out while you are travelling for those 6 months for additional income?

[@40NorthFinances]

Gave that some thought. And, I know we're sacrificing some income by not doing it. But, the thought of strangers living in our house for months with all of our possessions, doing who knows what, we decided it wasn't the best decision for us. Thanks for watching!

[@joesitt1]

Why are you wearing Thai national soccer team jersey? That is so cool. Have you ever been to Thailand ?

[@AG-so4gl]

His wife is thai

[@40NorthFinances]

Yes! We've been to Thailand many times. Have you been there?

[@40NorthFinances]

Close! She's Cambodian.

[@joesitt1]

@@40NorthFinances I grew up in Thailand. Now I am living in Canada.