Retiring in luxury on a budget | 7NEWS Spotlight

The retirees relaxing in their golden years without blowing the bank balance. Angela Cox discovers that if you’re willing to think outside the box, you may not need truckloads of cash to retire in style. This story originally aired on September 22, 2019.
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[@pauldarbishire7226]

I moved to Spain 25 years ago aged 44 with just $70,000, continued to work between 3 to 6 months a year in the construction industry where I am a consultant on tunneling contracts. I bought 4 hectares of wild mountain with magnificent views where I built a 3 bedroom 120m2 house over 5 years entirely by myself except for the big concrete pours. I live on the border of Catalunya and Aragon, my nearest village is 5kms away, nearest big town 14kms, my favourite beach is a 30 minute drive. A good life in Spain, including eating out with friends 3 times a week costs 200 euros all in a week. There is a doctors clinic in the village and a modern hospital in the town where all my healthcare needs are taken care of - the medical care is excellent. Life is fantastic, the Spanish are for the most part extremely friendly and great fun, they really know how to enjoy themselves. I still work a couple of months a year usually in the Far East. So the big questions are - 1) language - spanish is quite easy to learn as the grammar is very regimented and the spanish are very open to helping if you try to converse and today many young spaniards speak english and will always offer to help. 2) what will I do as my health and mobility start to fail. I will sell the house and land and buy a small apartment and hire a carer. 3) if I get to the point where my quality of life has gone I have an exit plan. My advice is summon up all your courage, do not listen to the doubting thoughts or friends and just DO it.

[@Terradiva]

Nora’s story is worthy of a LOVE SCREAM! She would live in poverty in America too! Her leisure time and good quality of life frees her to become an engaged member of the community. She could become an English tutor at the local school or problem solver for a local company that does business with English speaking companies, or a docent at tourist venues that receive English speaking guests. Being able to meet her basic needs at a low cost leaves leisure time necessary to grow social relationships that will help her as she ages. If she stays active, she’s going to have a fabulous quality of life there & a lot of company! Australia’s loss from her need to retire abroad is Spain’s gain! Buen suerte, Nora!

[@norahohrt4922]

Terrediva Thank you. I am fully engaged in the local cultural life and never have a spare moment. I also assist Spanish Uni students with conversational English. Not for one minute have I regretted my move here. 98% of my friends are Spanish and life here is a joy!

[@GorillaExploration]

The lady that moved to Spain is the smartest. I'm a Army veteran that left the cold & rat race of USA forever for a better quality of life, beautiful beaches & lower living cost in sunny South America🍹

[@whattttf4170]

O O do you like pina coladas? Taking walks in the rain?? Love it!

[@GorillaExploration]

@@whattttf4170 hahaha ...my fav drink for sure👍

[@shaqundawalker6223]

Air Force veteran thinking about doing the same thing

[@annaw982]

I'm with you & just a few months away from retirement. Spain Central or S. America for me.

[@US_ARMY_25_INF._DIV.]

I retired Cebu Philippines...…...Mo Beta in PI.....most beautiful women in the world.....

[@gdaymates431]

Nora is a legend. Such a brave thing to do at any age!

[@BellaWorldAni]

I loved the idea of the couples living together, & the woman who moved to Spain: BRAVO!!

[@latinaalma1947]

Yes the couples together option is interesting...knowing themselves and each other over many years was I think key. I chose the living abroad option, was inspired by my own mother and it has been the best decision I ever made and I had a lifetime of good decisions.

[@ChooseU4ever]

me too

[@sebkzak977]

to all who are here i just want to say have a amazing life with and whoever is around you i know you all may not read this comment but no matter who you are you are beautiful and stunning and smart and intelligent don't let anybody let you with negativity try your best to be confident and love the body and eat what you love and drink what you love and look after yourself be healthy be confident be happy as yourselves if you read it have a amazing day

[@arrowb3408]

Got your message, BUT TOO HARD TO READ WITHOUT ANY FULL STOP. Hahaha... I would say half agree with what you said. Somehow life isn't made by what your expect and foresee; you also need to face the God plays on you , if life isn't as smooth as it should be.........STF.......

[@cherylkemp8954]

....Thank You...

[@justinm2697]

Oh stop it. The world doesn't need another Oprah. I do agree with you though.

[@carolleenkelmann3829]

@DanielThomasfan..(who is Daniel Thomas? Goggle, here. ) You are being read, in black and white and all. Over and out.

[@anniereynolds6930]

@@justinm2697 😀

[@zoommikerobinson3315]

Grandma always said, " It's a lot easier to live poor, when you have money."

[@ferneoneil506]

Oh your mother was so right

[@ferneoneil506]

Sorry I meant grandma

[@johnnyboyvan]

That financial planner is quite realistic rather than idealistic. I think I would like to retire abroad too. Glad youth admire older folk, because here they really don't.

[@DrGarri]

My first choice is that of the lady who lives in Spain, and I might end up doing that (I live in Germany). By the way, this lady must have been stunning when she was young, she is still a very beautiful woman at her age!

[@helenaville5939]

. Agree

[@sandimoo]

I couldn’t cope with the steps, I have MS sadly.......loved her life though!

[@sheafamily3]

love love love the lady in Spain... so brave!

[@lindagiovannazambanini6218]

Just loved the lady in Spain! Bravissima! Her happiness is infectious.Would love to sit and have a glass of wine with her and hear more about her life! Also it was very interesting to hear about the health care system there and that buying into a plan, for a foreigner, is not expensive and you can get world class care. Will have to keep it in mind.

[@norahohrt4922]

Linda Giovanna Zambianini you are welcome to visit and have a vino with me if you are in Spain! Thank you for your kind comments

[@lindagiovannazambanini6218]

@@norahohrt4922 Hello Norah! Spain is definitely on my list and i will gladly take you up on that when I'm there! Thank you so much for your kind offer! :) In the meantime, please stay safe and healthy during the Covid19 pandemic!

[@jasonmackinnon4552]

@@norahohrt4922 Hi Norah. How are you? How is life in Spain? Jason

[@peterfotopoulos8325]

The old lady in Spain is the winner buying a stairway to heaven on Australia's expense well done she beat the system of bondage

[@achanghalma9866]

This is the kind of program where all country's must put into action! Taking care of them is the most gratitude we could all do! God bless

[@mrkoolio8494]

The financial planner reminds me of myself. I am a lawyer and our training (at least for me) is to advise clients of potential risks. For example...."i am buying a huge ranch in mexico." I might say, "have you considered what happens if mexico nationalizes....or the cartels move in." Many folks view this advice as being "a downer" or "always negative." In fact, they are correct. But, good honest advise, from me or a friend ....or whoever...is priceless. Most people wont say a word even when they see you driving straight for the cliff. Only a friend will say, "i love you and i am your friend, but your drinking has elevated and you are a mean drunk. I tell you this because you will either stop or you will die. If you are going to stop, why not do it now, before you lose everything. I will go to meetings with you. I will help you." Those conversations are not fun or easy. The follow-up work that you promise may be miserable. Below is a story told by another person. I did not change the wording....so "I" is him, not me. I do try to be....the foxhole guy. THE FOXHOLE GUY One day a friend of mine (who dislikes almost everyone) told me that I was weird. I asked why. He said, "you are a foxhole guy. When I have a party or some easy thing I need help with, you dont always show up, but when things are really going lousy for me and I am desperate for help....all those good-time friends dont return my call. You, on the other hand, call me or you come over and you just start helping....and I know that if it all goes south for me, you wont bail out. And, as you always say, it is soooooo much easier for you to fix my problems....than worry about your own. You are a guy I would want next to me in the foxhole if we were in the army and the Germans were advancing. And that is why, no matter what offense you commit, my wife always looks the other way. When we were on vacation in Europe and our son was arrested in the middle of the night....do you know that I called 6 family members and 3 friends. Granted, it was 2:45am, but I know they saw my number on their phones....and only one answered. That person was "too tired" to help out....and asked if it could wait until noon the next day. Then I called you. We had not spoken in 3 months and we had blown off each other's recent party. My wife thought you would not answer. I said, "oh....he will answer, but he will swear a lot." You answered and said, "where am i going...the hospital or jail?" Then my wife grabbed the phone and started giving you a million instructions. I thought you were going to yell at her, but you just said....."Jane, I know you are worried. All I can promise you is that I will stand in for you two parents....and I will treat the situation like your son is one of mine. I am going now, I will only call u if things are bad. But, I will watch out for your kid." And I did. Was it a pain? Yes. Was it fun? No. But when that scared 17 year-old saw me walk through the door, he knew that I would help him. Years later, I went through a terrible tragedy. It was miserable at my house. People came and left in 5-10 minutes because I was a madman. And then, the now 25 year old college grad. who lived 3 hours away...took the day off from work...and walked into my house and said, "ok who is in charge here" like a general...and for the first time in 10 days I laughed and laughed....because those were my exact words that night at the hospital. As we sat there and I thanked him for coming....he reminded me that many years before, I had been his foxhole friend at the hospital, like his dad had done for me a hundred times, and on that night he asked me how He could thank me. I said, "grow up...have a happy life....be grateful and help others....and be a foxhole guy." And now he was.

[@janetsumali276]

Everyone is condemning the financial planner as he sounds negative but he is merely pointing out scenarios that could derail these retirement plans. Practical and oh so true advise.

[@patchthecat]

I love this couple and their personalities/philosophy in life. He goes "ohhh yeah!! If you're gonna have a sports car its gotta be a bright color; makes em go faster!" Lmao🤣❤

[@Daisy-kf7zw]

the financial guy is a fun destroyer!

[@justinm2697]

His business is keep people wondering about their finances....that's where he steps in, for a fee. The people in this video seem to have done their own research and he was not required. A little salty perhaps.

[@JosephcallsmeNolan]

Agreed with that. I'm thinking he is after his own interests

[@SrChalice]

I really hate that guy. Genuine hate for that fool. Because his job is to keep you in the rat race. To keep you a slave to his taxation without representation rubbish.

[@jaldeborgh]

I think people are wrongly judging the bedside manner of the financial advisor, he’s simply speaking the truth. We all need a retirement plan, that takes discipline and sacrifice, to deny this is simply foolish. The idea of living for now, while we are healthy and energetic is lovely but doesn’t justify ignoring the chapter in most of our lives when we’re no longer capable of caring for ourselves. I’ve had parents and grand parents that lingered for many years, while it’s not a desirable outcome it’s irresponsible if we haven’t allowed for the possibility in our planning. BTW, I’m not a financial planner, I work in an industrial high tech company, I’m 63+ and intend to retire in about a year after 43 years of hard work, 31 years (so far) of marriage, having raised and educated (with zero student debt) 3 incredible daughters. I have always taken responsibility for my life and that will not stop in retirement. I will leave this life having given more than I’ve taken, that has always been my goal, my parents raised me to be a good citizen.

[@flextube7085]

Agree 😂💯💯

[@thecombara6891]

☺ Awesome 👍 And also, that garden surrounding the house 😍😍😍

[@miguel924]

I don't know why KZbin recommended this video to me, but all I can say is: welcome to Spain!

[@RichieRouge206]

What inspiring people! The first couple with the MG are amazing!

[@plug1461]

This is awesome what a wonderful life these guys have.

[@sonyacarrall3709]

Absolutely wonderful options for people in their retirement years. More please!

[@AdamSahr-cj4kf]

A place to die for and a place to die... Spain, more than a country, a culture !!!

[@blindspotspotter.2352]

Toward the end of this piece i heard the phrase "The elderly are revered in Spain.". Second languages, or even first languages for that matter, are not my strong point but for a little reverence in my final chapter on Earth, I think Id be willing to learn Spanish. :)

[@zak2189]

i love how they have to instil a bit of fear with the financial planner, trying to keep people in the system. these people aren’t dumb, you don’t have to follow the grain, and there’s always a way. do what you want and the rest you can work out.

[@CHSwildcats19]

Honestly, I thought he was very realistic. My parents were very active & lively in their 60s & early 70s, then hit a sudden and extremely RAPID decline in mid-to-late 70s. They are practically invalids in just a few years. I guess I should have seen this coming but I didn't, they had NO chronic illnesses, they were active & social, they never stopped moving. Suddenly, within two years, they were both sitting or in bed 80% of the time. They are scared all of the time and I have no idea what to do. The financial planner has seen this over and over. It is REALISTIC. Not many people are traveling the world in their 80s & feeling great. We all need to prepare a little better.

[@CHSwildcats19]

@@jesusisking8502 No kidding. Went through this again with my nearly 80 Father-in-Law who could run circles around his 24-yr-old grandsons on the basketball court. He started getting "a little tired" between sets of tennis, went to dr & had emergency surgery for a 99.9% blockage to his heart (no typo) and had 5 bypasses. He recovered great but it was such a shock to the family coz he was like superhuman. Now he's slowed down a LOT & ppl are wondering what's coming. It's REALISTIC to have a huge slowdown at 80 & make plans for a life without world travels, multiple flights of stairs, and cobblestones. Living alone in a foreign country is very brave but also pretty scary ....

[@kathygore6615]

@@jesusisking8502 and that is why you don't keep working forever to get some insane amount of $700,000 in superannuation

[@Nonduality]

Trusting that "things will work out" puts the burden on other people to help you. Help yourself by listening to what this financial planner is trying to say. He is saying to be conscious of a phase of life in which you won't be able to enjoy your dream of retirement freely. Once you become mindful of such a stage, you then become responsible for it, rather than let others or some "system" bear responsibility at the last minute.

[@ProductionJunction1]

That’s the producers angle...I’m sure he will parrot whatever will get him in front of the camera...it’s good marketing for him and I would do the same perhaps.

[@carlosbecerra4189]

Loved it thank you!

[@angelaberni8873]

Brilliant !!! Another pleasant alternative would be constantly cruising the world. Cruise ships are fabulous. Entertainment guaranteed. Huge choices of different foods. New places to visit. No beds or cleaning etc etc etc. But best of all it works out cheaper than being in a home. Win win situation. But the idea of friends sharing a house ( with their own wing)is an excellent idea. The lady in Spain has certainly got it right( that's where we have retired to)but the stairs are maybe not such a good idea for the future. Eat,drink and be merry !!! Good luck to them all !!

[@a.k.4085]

Older people are revered in Spain??? Didn't know that. This should be everywhere!!!

[@nathanwebber8556]

& good on all of them they've worked so hard all their lives they deserve it no 1 should be scratching around struggling in their twilight years.

[@debraelkins9215]

I have a 1975 MG 🇬🇧 mines maroon. Gotta change the color 😀

[@peacefreedom4930]

That financial planner was just a ray of sunshine. Not! Where in the world did they find him?

[@georgezakedis8702]

They got him from they guys in convalescing hospital that live out their final days Sharing a room with two other guys waiting to die which is what the state will pay for.

[@letssmile3564]

I'm gonna working so hard so then my golden years I'll spend will be amazing also could take care of my parents, makes them happy. Amen.

[@amilaperera1]

Be Smart - Do Not Work Hard for Earning Money, But Allow Money to work Hard to Earn More Money - Investing

[@yanceyloyless3713]

Inspiring

[@HolyBaloney314]

Saving, saving, saving while young. Planing, planing, planing early. A cup of Starbucks every morning is not going to help retirement planning.

[@amilaperera1]

Be Smart - Saving money is not enough. You need to invest your savings smartly

[@braingain1]

Good for them enjoy

[@sebkzak977]

i'm glad that they can enjoy there own life

[@loretomurraylm]

Congratulations ‼️‼️😊

[@keiheaherakiwi1611]

What a great awesome couple

[@skapunkoialternativeliving6522]

Simple living is the way to go cut back live simple you do that you'll never have to live in poverty and you don't have to wait till 65 to retire you can leave now that's what the simple life is all about guys take it from me I'm working on that myself I live out of my van and I love it...

[@RyomaG]

Best bang for the buck - the last lady was very smart.

[@Pondandgardensanctuary]

Amazing Video

[@TheVon263]

Awesome.

[@kelstonify]

Well done! Nice story mate

[@jorasparents]

I would like to see more on the woman who retired in Spain. I wonder if she has a KZbin channel or a blog ... For instance, I'd like to know how she went about finding her home and making sure it was in an acceptable area, and I'd like to know how she found and worked with/negotiated with/oversaw the contractors who did the renovations.

[@norahohrt4922]

Joraparents contact me on messenger and ask your questions! Happy to reply.

[@RetiredLovingIt]

We are recently retired & newbies to KZbin 🤗

[@vmavpt74]

250k each, "on a budget" lol. Australian budget of course. But really wish I could do that, being active and retire like this.

[@gruntnick]

Throw your keys in a bowl and party baby! Shagtastic!

[@nadiamurchie1949]

aaaaaaah a wee yellow mg is a dream of mine too love it xxx

[@moniquesmith5760]

How can we see a floor plan of the house built by the 3 couples? Please?

[@debbieday52]

Retiring in luxury "on a budget"!! Whose budget are we talking about?

[@JohninTucson]

Thank you for pointing out that glaring contradiction! Talk about a 'Bait and switch' title. Here in the U.S. the average monthly income for the majority of the senior population is closer to about $1299 US per month, and who has $250k just lying around to invest in a home for 2 people, yet sharing it with 6 people altogether? No, this is NOT realistic at all. I came here looking for REAL answers to living on a limited monthly income and instead I get a story that is anything but what the title suggests. Shame on you for the click-bait title!

[@angelikalaser7778]

Budget doesn't mean frugal or cheap it means planed restriction. So planning to spend 5 million is beeing on a budget 😂😂

[@jeffreygrant8897]

@@JohninTucson You'd be surprised how many people in the US, particularly people living in the suburbs of or cities themselves, that have homes worth over $500,000 that they have paid off by the time they get to retirement. Sell that house and you have the $250,000 for the new place and plenty of money in the bank. In my county in Northern Virginia the average household income is over $100,000. And lots of cities like New York and San Francisco, the prices are probably a lot higher. A lot of federal government employees probably fall into this category as well.

[@norahohrt4922]

@@JohninTucson I live on my income from the Australian Government pension. If you want to know how to live on a limited income come and live in Spain! In my case it wasn't a Click Bait title!

[@dr.michaellittle5611]

JohninTucson Check out other expat options at International Living magazine and also a website called Retire Early Lifestyle.

[@noramaddy4409]

Just as America was once great Australia was once the lucky country. Now there are a multitude of European countries whose constituents and governments have a higher social IQ. They have made an amazing investment in community infrastructure and mobility, free inner-city travel and bicycle lanes that take precedence over other vehicles at traffic lights, work-life balance there is lived with respect and dignity. Those I know who are well travelled have ALL said it was lovely to holiday in Australia or the US but they would not want to live in either country.

[@RK-ve4xp]

Better place to make huge money but not live.

[@marietaylor5174]

I am not leaving America under any circumstances! I would fancy visiting other countries for a couple of months or so, but I no place permanently.

[@annaw982]

Me too Marie, I might take long vacations, but imho, there's no place like home! USA. I always kiss the ground when I return.

[@Ryan191072]

......& the Australian federal government is doing their best to make it harder here for retirees, as far as health care goes & downward pressure on superannuation contributions by it's employers. Is it any wonder people are having to move overseas & in with each other? It's a truly sad state of affairs, when Australia is one of the most expensive countries to live in on the planet, tax wise. Surely the people running things here are going to need another pay rise soon? The money has to go somewhere right?

[@luciatheron1621]

Dont sell your land ...your grandchildren will live in cells...

[@carolleenkelmann3829]

The money not only has to go somewhere , it has to come from somewhere.

[@danieldroukis5431]

We can all envy the woman in Spain. Good for her.

[@skapunkoialternativeliving6522]

It's not about the material it's about how you live life guys you don't need a big place to enjoy I live at my van and I live life to the post whatever I park is my backyard and go anywhere free life is good choice is yours simple living is the key guys simple living is the key let me hear you say it simple living is the key...

[@valeria-militiamessalina5672]

The idea of a communal living doesn’t seem bad, The space, more people around, but I don’t know about the long term implications

[@susanlong8978]

Right on!! I've been telling my family this firever! I was right!

[@ecclairmayo4153]

So all I need is a crash course in Spanish and I'm moving to spain!

[@thatbroncodude9564]

That retirement advisor is so damn negative about everything!

[@yasiraosiris1115]

The financial adviser talking about age care in Australia - he should go to a nursing home and that probably will made him change his mind -the majority of Australian nursing homes are hells of abuse

[@ArmenianLifewithMitch]

@Yasira Osiris - totally agree! I saw my mum wither away in a nursing home...my wife used to work in aged care in Oz...and that was enough for us! We moved to Armenia 5 years ago and don't regret the decision for a moment! Here, family looks after you until you die...but in Oz, we are programmed to palm-off our parents to nursing homes, where they become depressed and age much more quickly. Old people need interaction with their grandchildren, it's par for the course here, but sadly not in Oz! Mitch

[@judyhowell7075]

My Mom is 91 and she will never go into the system

[@carolleenkelmann3829]

@@ArmenianLifewithMitch This only works If you have Family! Nothing could be worse than going to a place like Armenia without being fluent in the language, having contacts or family except being stuck in a nursing home in Oz. Armenia hasn't caught up with the rest of the calculating world but it will. Then the only place left will be maybe Patagonia.

[@carolleenkelmann3829]

Nursing homes don't have to be. The structure is wrong and family don't want to get involved...too busy! And for those running them...a money making opportunity or just a job. So, like politics.....you get the situation you deserve because of lack of commitment and a failing sense of responsibility. But the worse hindrance is the land speculation! We are all a part of it. Shake off these shackles and pull integrity back into business and get rid of corruption then maybe there is a chance for the millenniums. Which ever way you look at it, those with the least means to combat a failing system are the ones who end up paying the most, one way or another, no matter what age you are born into. Greed and avarice is behind this. The buck starts and stops with me. You do what you can and just maybe you can change the negative aspects and create a new way. But you can't do it alone.

[@DonTheConPrison2024]

If you want wind through your hair, you gotta take off those hats! 😆

[@Nonduality]

The financial planner is absolutely correct. He's saying to be conscious of and prepare for radical changes to your carefully planned retirement lifestyle as they arise, and they will arise. However, I do wonder why people would even allow themselves to be filmed and interviewed about their lifestyle unless they needed to convince themselves that they were making the right choices and were really happy.

[@norahohrt4922]

Nonduality I allowed myself to take part in this program because I thought it may assist others in a similar situation to think outside the box. As for the Finacial planner, he must think we are all idiots! He said who would 'look after me when I got sick'? Well with no family in Australia who would look after me there?? I am fully covered for all eventualities here, right down to residencias for the old and infirm, have dozens of friend and planned fully for my life here. I don't need convincing that I am happy, I am...I speak the language and am fully integrated into Spanish society.

[@AdamSahr-cj4kf]

Golden retirement is at 40, maybe 50... Not 80 !!!

[@masonryjoe]

One problem I see cropping up as I have been contemplating retiring abroad is that the insurance companies want to drop you when you hit 70 years old , then what do you do?

[@tamaraklisaric9085]

If you are in the EU you can make a part contribution into their public health care system (which is heaps better than ours) and like Medicare it covers you, regardless of age. There are also insurance companies that are starting to come out with products to accommodate elderly people living abroad. My father lives abroad in Eastern Europe on the Australian pension. He lives like a king compared to here. He smokes and its not something he can quit really at his age. The cost of a packet of cigarettes is $50, he doesnt smoke much, but that's a big expense considering what the pension is. Then consider gas and electricity, rates, car insurance, registration etc. On a pension that eats away very quickly. Over in Europe the cost of living is far less, they care for their elderly, he goes to the theatre for like $6 AUD, he goes to the movies for $4 AUD, he travels ALL of the time, something he just couldn't do whilst living here. Just came back from Greece and currently in Jerusalem. I'm so glad that he gets to be so free and live the life that our elderly actually deserve rather than struggle to pay the electricity bill and not be able to leave the house to meet friends because of the financial burden of owning a car.

[@masonryjoe]

@@tamaraklisaric9085 Wow thats great and everybody should take advantage of this freedom if they can , I'm in Canada and thinking one day retiring somewhere ells, There is and is going to be a growing population of older people so I don't see how the Greedy insurance companies will be able to turn a profit for the 70's + group in the future?

[@norahohrt4922]

They don't drop you if you join before 70 and there is also the public system that you can buy into if you choose to.

[@meheretoday6968]

how brave of them. I am too crotchety to live with another couple ...

[@joiab11]

lol!

[@ecclairmayo4153]

I'm young and I feel the same way!

[@keepitsimpleydb6151]

Lol

[@MikeY-js6mw]

lol

[@cherylcarlson3315]

Abject poverty and isolation is the norm in US after the recession and corporate bailouts. Most of my peers are just planning to die at work, I became disabled by a rare disease at 58 which interrupted my rehabbing 114 yo house and launching 2 retirement friendly gigs. I am so glad I worked only part time from 25 to 48 so I could travel, raise my kids and be wildly active. Before disability was actively considering moving to Bulgaria and living the writing hermit life on a small farm near the mountains with holidays in many countries... sigh.

[@nalisajackson547]

Why am I watching this I'm only 25😕😕😕

[@dianironfeather7785]

Ever heard the expression "rust never sleeps"? You won't be 25 forever.

[@Once800-]

You probably want ideas to build your retirement nest.

[@somalibiblesociety7810]

It is never too early!

[@msl1689]

Never too early to start planning financially. The earlier the better actually! Time is your friend when you're still young.

[@junweiau4601]

I'm 17

[@549BR]

That MG looks more like a Kiddie Kar at an amusement park.

[@TempleOfEve]

Is it possible to move overseas and they not cut your pension??? I was told you could only be abroad for 1 year???

[@azia5051]

Who want to be old like them and relax 👍🏻👍🏻👍🏻😁 2020 guys it come up soon

[@9Crow]

id love spain great culture great people :)

[@latinaalma1947]

Yes I have English friends who retired there I retired to Latin America which is lovely too.....similarly kind culture to the elderly.

[@jacquelinestigman6432]

Amazing how much negative thinking on the part of the financial planner. Georgia O'Keefe had never left the US until she was 65. That's when she took her first trip to Europe. And then she went back every 2 years. For 30 years. She was also doing large paintings I believe until she was 95! There are so many stories like that. I regularly google centenarians! I'm past so called retirement age and still working and also starting a new business. So much depends on attitude. Be happy, joyful, solve problems, Be open to the new. Live long. Live well. Life is such a precious gift.

[@skapunkoialternativeliving6522]

That is great there's always a simpler way of living into the following the Joneses me I live part-time hopefully. I'm full-time soon save a lot of money no rent no bills live simple and free..

[@mentuemhet]

uh, heaven is a place on earth

[@totalrecall8385]

I'm preparing to move to Malta to retire Australia is becoming too expensive to live.

[@darlenepaul2934]

Why is Australia so expensive?

[@Five0Music]

The financial planner was given the obvious question “What could go wrong? What haven’t they thought of?” He is giving real world scenarios, not crushing dreams. If you don’t have answers to the things he asks, you’re not planning, you really are dreaming, and that can quickly turn into a nightmare at a time when you’re too old to easily rebound from it. By the way, they ARE all living on a budget, which doesn’t require you start from nothing... in fact, it shouldn’t. On a budget just means they aren’t living like money is unlimited, they are making the most of their limited funds. If you don’t have assets to begin with, it’s not likely retirement should be in your short-term goal list. The plan has to come first, and foundations laid before you see anything built on it. Too many are trying to start with the roof, and that just doesn’t work.

[@amilaperera1]

100% accurate

[@honestguy7764]

Spain is becoming the retirement hous for most of the Western World. Brits, danes, suomi, germans, french, and now even from down under.....hard to find vegemite in andalusia though

[@sandrabentley1420]

Yes we all would like a million in the bank at retirement! So unrealistic for most people.

[@carolleenkelmann3829]

Move over, Nora! I'm coming too. 40,000 $ on renovations. I see there was a water damaged wall..rising damp? Lots of stairs! Hmmm. "Garthias".

[@norahohrt4922]

There was a water damaged wall, repaired now and no rising damp! I only use the stairs to the kitchen level, the upstairs level is only used when prepping it for guests. Otherwise never walk up there!

[@jasonmackinnon4552]

@@norahohrt4922Hi Norah. Best wishes for your retirement! I bought a house in Portugal for my retirement. Jason

[@norahohrt4922]

@@jasonmackinnon4552 HiJason, That is fantastic I hope you have a long and happy retirement. Best wishes, Norah

[@jasonmackinnon4552]

@@norahohrt4922 Thanks very much!

[@MG-kj2fx]

I love my yellow car

[@Radnally]

It is a big world out there. Go look

[@amilaperera1]

Exactly

[@jennyhughes4474]

It's OK if you've got a home worth lots of money (or friends/family who have and who can help), for those of us who haven't and must rely on social security, retirement & old age can never be as secure nor as good.

[@cbisme6414]

Jenny Hughes that depends on you and your expectations, have you looked at community housing, you'll still have you independence while the security of people close, nothing is ever perfect no matter how much or how little you have but things can be great. If you've not got a big cash account, are on the pension you can qualify for community housing at 25% of you pension for a beautiful 1 bed or 30% for a 2 bed apartment and most have facilities like gym, hair salon, art studio, bowls, BBQ area and with starting age of 55 not 'old people's home'.

[@jennyhughes4474]

@@cbisme6414 nope: got none of that, I did get disability payments but now told I'm pension age but have lost my pension, and am continually refused community (social) housing, I'll end up homeless, terrifying & making me very ill with stress = a killer...

[@kirstinstrand6292]

The biggest mistake middle age people make is to not plan their years in old age.

[@jimmybdeluxe]

Confusing, from my understand the Australian Governement will not deposit the pension into a foreign bank account, I live in Thailand and hear stories about Aussie retiree Expats having to solely self fund. The reason, the Australian government sees them as not permanant residents of Aus any longer and will not pay up.

[@norahohrt4922]

The Australian Government does pay directly into an overseas account. I immigrated to Spain, I am not resident in Australia and am entitled to my pension here.

[@rayklein1125]

Norah is correct. I have been retired and living in Bali for 3 years. If you have a 35 year working life in Australia you are entitled to he payed a pension anywhere in the world. Centrelink International in Hobart will give you all the details.

[@jonh9561]

The retirees version of a Kibbutz has a lot of merit (e.g. combining your resources) but just needs a bit more input into its long-term workability. On another point, folk should stop running Australia down .......... if you want to understand how good you've got it, go and do a winter in the UK on their pension which is around $310 a week to see real misery.

[@patrickwilson4902]

I would LOVE to be like the BEAUTIFUL YOUNG LADY, that lives in the other country.(SPAIN)... WHAT A GREAT IDEA!!!! HIT (LIKE) IF YOU WOULD DO THE SAME, WHEN YOU ARE GETTING OLD....

[@norahohrt4922]

Thank you!

[@suphatrachaiyasit7531]

For retirement especially when one of a couple dies it's impossible for the remaining person to live on 400 Aud a week especially if you have a car and don't want to catch public transport with all the drug and angry people here in Melbourne

[@Richb711]

I wonder if that lady in Spain invested her lum sum

[@norahohrt4922]

My lump sum was a pathetic amount and i used it to purchase my house.

[@barrygaffney7351]

That financial advisor is a miserable git ,why does he have to always think in the negative

[@meetvirginia7023]

There’s a commercial every 2 1/2 minutes I can’t bye-bye

[@teleopinions1367]

I think the financial planer is off the mark. The one who made the best decision in my opinion is Norah. The financial planner says that sitting at home looking at olive groves is not exercise. But, if you look at her location, she has to walk everywhere. The town seems to have everything she needs. It's also hilly, so she's exercising all the time, not to mention going up and down those stair to get into her home. The 3 couples living in that big old house away from everything and adding to their carbon footprint bc they have to drive everywhere are the ones that in my opinion made the worst decision of them all. What if for some reason one of the six people wants to divorce and leave? Do they have to sell the house or buy her/him out? How far is the nearest hospital from their house? How long does it take for an ambulance to show up? Where I live is 3 minutes, but I am aware that is not the case in most countries. But, as long as they're happy before they die do as you please.

[@norahohrt4922]

Tele Opinions...the Financial Planner is mad if he thinks I sit at home and look at olive groves all day and as for his comment about who will look after me when I am old and sick?? Who does he think would look after me in Australia??? He assumes too much!

[@letgo1064]

Yeah but what about palliative care? I heard that it might be something to consider if you don’t want to cry out loud when you’re time is up...😭 Unless things have changed since 2015 ?

[@nitakate10]

Wow..love it. Couldn't help but have a chuckle to myself, wife swapping could be on the cards. Happens all the time

[@angelaberni8873]

Nitakate 49. Nah,that would be the beginning of the end !!!

[@mfgxl]

Brett is a party pooper.

[@yasiraosiris1115]

Sunday Night: why dont you talk about Ecovillages, transition towns and co-housing projects????? These models using PERMACULTURE PRINCIPLES are the perfect solution - why arent you talking about that???

[@justinm2697]

The show has been axed I believe, so they won't be getting back to you.

[@happytraveller2122]

Amazing how each generation seems to blame the other. And what your expectations are... and what you’re willing to do to get a home. Do you live frugally? Will you move to outer Sydney areas , do you save some money, wait to have children until you can afford it. Be honest with yourselves

[@patriciaaugustine2521]

Hi Bitcoin sky rocket above $50k. Buying cryptocurrencies is lucrative they're a huge help down the road to earn well.

[@jasinandino]

Amazing how many people here cant understand this video and the points it makes. Lmao

[@tapkilitengekyon4426]

I love this but what about living away from family

[@norahohrt4922]

I have no family in Australia!

[@stormyweather8798]

Good hair on these old gals. Good idea pooling the resources.

[@MawPawsarksanctuary]

The guy financier is a stick in the mud. Destroying others dreams. He should shut up 🤐

[@joanannewallace]

It would drive me mad living with the three couples. If someone ends up sick what happens then.

[@marialaurel6440]

Yeah, whatever....don't listen to this financial planner. They don't want the seniors to leave because they'll loose revenue. Mexico is a wonderful place to move to, too.

[@latinaalma1947]

YES...so is much of the rest of Latin America...I have lived somewhere in Latin America for 15 yrs now in my happy 2nd retirement after sailing a decade..could NOT be happier.