We're a 40+ couple that retired at 39. Now we travel & live life on our terms. Welcome to 40 North Finances! We’re Jason and Daravy, an American-Cambodian couple who embraced FIRE to explore the world. We offer unique insights into early retirement, travel, and smart money strategies. Subscribe to follow our journey, and for practical tips, insider deals, and financial success!
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You need some where to sleep you need food and pay your bills keep a good car read study history do not believe the government or most people have a good set of values have some hobbies keep fit
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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.
@@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.
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.
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You’re absolutely right-being able to save is a luxury that not everyone can afford. It’s easy to overlook, but so many people are just trying to get by. The key is figuring out small ways to build a cushion, even if it’s just a little at a time. Every step counts toward more financial freedom.
@@40NorthFinances You're right of course. My problem was when I finished college, I thought I had all the time in the world, and I made a lot of mistakes. I have since quit all of my bad habits, and I enjoy a modest life style, and avoid spending.
@CIS101 It sounds like you’ve made some really positive changes, and that’s something to be proud of! It’s never too late to turn things around, and embracing a modest lifestyle can make such a difference. Those early mistakes don’t define you-it’s all about where you are now and the choices you’re making moving forward. Best of luck to you, my friend.
Hey interesting channel, could you guys do a video or 2 on how much income it produces per month/year and your cost of living/expenses, like if you do 6 months in USA and then 6 months in another country? How much income you need per month/yesr to be good?
Check out this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-L7710Xs3HGs.html We touch on our monthly and annual budgets for both USA and traveling. We will certainly go into more detail in future videos. Thanks for watching!
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.
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.
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!
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So how does it work in terms of getting the money out of the investments, do you sell some of the index fund like 4% per month to get money out and live off of?
Everybody's situation is unique. Yes, some people sell off some of their funds each month. Others live off of the dividends. We haven't had to touch our nest egg yet, as I (Jason) have an online business that covers our expenses. If that business stopped producing income, we would have to adjust our strategy, and possibly sell some of the funds. I hope this clarifies. Thanks for watching!
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 <3! I hope this suggestion is taken with love :)
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!
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?
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!
I hear you-wage slavery can feel really heavy. It’s tough when you want to retire but feel stuck. There are paths to explore that might help you get there sooner, even with what you have. It’s never too late to start planning for the life you want!
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They say to be comfortable in retirement you need $600K. I’ll never get there so I’ll probably die at my desk job one day lol. It’s how the government wants it. Unless I get fired for being too old then die in an 8x4 room with no heating and baked bean tins for a bed. Or perhaps just end up in a card board box on the street where it’s illegal to be homeless so may get lucky to go to prison and 3 meals a day and warm bed.
That sounds really tough, and I get where you're coming from. It feels like the system is stacked against a lot of people, but there are ways to take small steps toward financial freedom, even if it seems impossible right now. You deserve better than that desk job until the end. Hang in there, and maybe look into some alternative ways to build up a cushion-it’s never too late to start.
retired at 58 regret a couple of things not using some of the hundreds of sick days I had accumulated not taking advantage of the voluntary furlough more when it was available the times I stayed late when someone else made a mistake or needed help as an elderly woman told me dont put it all off till the end you dont know what kind of shape you are going to be in I will add to that when the people around you are half your age you just dont fit in
Thanks for sharing your experience! It’s easy to look back and wish we’d made different choices, especially when it comes to taking care of ourselves. That advice from the elderly woman is so wise-life is unpredictable, and enjoying it now is so important. Here’s to finding your place and making the most of this next chapter!
Are you saved from hell? All have sinned (Romans 3:23 KJV). Jesus Christ died for our sins, was buried and rose again the third day (1 Corinthians 15:1-4 KJV). Jesus Christ shed His blood for our sins (Ephesians 1:7 KJV). We are not saved by water baptism (1 Corinthians 1:17 KJV). We are saved by grace through faith, not our works (Ephesians 2:8-9 KJV). Only Jesus Christ saves from hell (Acts 4:12 KJV).
DO NOT listen to fear mongers and quit your job! Unless you really hate your job or are sick, get up and get busy! Wanna get sick, old and irrelevant…then quit your job. Do yourself a favor and find a new one, go part time, but do not quit out of fear or advice from RU-vid. Fee only advisor Azul will try to scare you to his channel. He is loaded and has nothing to lose…stay away. Nobody live s forever so stop being afraid of what cannot change. I have a very challenging and sometimes stressful job, but it keeps my mind sharp and I lead others and do amazing things for my family with the income I make. No way to do that otherwise. Change my pace at work…yes. Work in fun as I travel for work…yes! Quit..hell no.
Sounds like you’ve found a balance that works for you, and that’s awesome! Everyone’s path is different-retirement isn’t for everyone, and if your job keeps you sharp and fulfilled, that’s great. For others, stepping away is what they need. It’s all about finding what makes sense for your own life.
@@40NorthFinances That's an excellent answer to that poster. My late 30's have come and gone so I wasn't able to retire that young. But I plan to use a similar answer when I hopefully retire in a few years in my early 50's if people interject that sort of opinion.
Congrats on your early retirement! Finding a new routine can take some time, but it sounds like you’ve already made the most of it with those extra holidays. Enjoy the freedom and the new adventures ahead!
I retired a month ago at age 62. I caught a lot of crap from people for not waiting until 65. There was no way I was going to stay one more day than I had to in a job where the stress was killing me in every way. If I could go back in time and make a few changes, it would have been even sooner. Peace is a valuable thing. And yes, tomorrow is never promised. Don’t waste your life doing something you hate. The money just isn’t worth it. Man, what a change I feel already.
Congrats on your retirement! It sounds like you made the right call for your health and peace of mind. People may not always understand, but prioritizing your well-being is worth so much more than staying in a stressful job. Enjoy every moment-you’ve earned it!
I agree man, we are all running out of time. I realized this hard enough about 3 years ago now, I was 41 and was just sick and tired of my shift. I took the super aside and told him I was done and he had until the end of the summer to find my replacement. Best decision ever. Surprisingly nowadays I'm busier than I ever was working for the "man" but it's a different sensation of work it makes me happy.
That’s amazing! Taking control of your time and finding fulfillment outside of working for 'the man' is such a game-changer. It’s great to hear you're busier but in a way that makes you happy. Best decision ever, indeed!
Totally agree-Brett's passion for the game was incredible. It’s really sad that his recent Parkinson's diagnosis might limit how much he can enjoy retirement after all those years of hard work. Life can be so unpredictable.
I'm 60 and retired "early" at age 56. Best move I ever made. For most of my working career, I was actually in challenging jobs that I enjoyed. Toward the end it got really bad. The last 3-4 years was awful. Retirement was a great thing. One thing I learned in my 4 years of being a "retired guy". I actually LIKE to work. I volunteer and do projects around my property others would think are pure drudgery. I actually enjoy them. In retirement, I pretty much do what I want. I can't imagine having to go back and work "for the man" again.
That’s awesome to hear! It’s great when you can fill your days with things you genuinely enjoy. Being able to work on your own terms sounds like the perfect balance. Congrats on making that early retirement move!
You make great points on retiring early and fulfillments of life. But, Its Covid bro. you''re absolutely NOT going to die of it. Everyone on the planet has either had it or will get it. Provided you dont have 3 or more co-morbidities, you're NOT going to die of it. Scientist, like Bret Weinstein, have found 99% of the deaths could of been avoided w/ proper care.
Thanks for sharing your thoughts! It’s definitely a reminder of how unpredictable life can be, which is why we focus on making the most of the time we have. Stay safe and take care! 🙏
I retired at 55, Im still very active, but I have little interest in travel after a lifetime of doing it. Just too much hassle and Ive become tainted to tourism. Yes my youtube channel.keeps me interested in my hobby.
Thanks for sharing your story! I touch on this in the next video....that as we become older, we'll likely want to travel less. All the more reason to travel as early as you can, if you have the desire to do so. May I ask, looking back aren't you glad that you traveled earlier, rather than putting it off?
Here's the book that I mentioned: 📖 The Power Of Now by Eckhart Tolle amzn.to/3XWyuri (affiliate link) 🌍🏝💰Looking to retire cheaply abroad? Download our Retire Cheap Abroad Guides: www.40northtravels.com/retire-cheap-guides/
Plenty of books better than the power of now without the ickyness of Tolle. Kabat-Zinn is far better. "Wherever you go, there you are," and "Full Catastrophe Living."
Thanks for sharing! It's great that you're thinking ahead about what might matter to you in the future. Everyone’s retirement looks different, and if traveling isn’t something you enjoy, you might not regret it at all! The key is to focus on what brings you joy and fulfillment, whether that’s spending time with loved ones, pursuing hobbies, or something else entirely. As long as you’re doing what makes you happy, that’s what really counts! 😊
I travelled when I was in my 50s I had the money and enjoyed many cruises. 20 years later I'm not bothered. Always had hobbies, and in retirement I do gardening for people which is satisfying and exhausting. People say 'take it easy' SOD THAT I push myself hard. The motivation is achievement and a hard day is satisfying. I'm still a long way from that wheelchair.....
People who wish they spent more money earlier probably (sensibly) took a conservative approach to saving (protect against risks) and then their investments ended up doing just fine, leaving them with a big nest egg at age 75+. So they can look back and say they could have spent more. But this is only because things worked out well for them. You shouldn’t spend more when you’re younger because it makes you vulnerable to things like unforeseen health care expenses or a bad run of the stock market.
Hi Dave. You make a great point-there’s definitely a balance to strike between enjoying life earlier and making sure you’re protected against those unpredictable risks. It’s always tricky because hindsight is 20/20, but I think the key is finding a personal approach that balances responsible saving with enjoying the present. It’s all about making sure you don’t miss out on today while still being smart about tomorrow! Appreciate your insight! 😊
Get your FREE guide: ‘The FIRE Starter Guide: How to Achieve Financial Independence and See the World.’ 👉 www.40northfinances.com/social/ 🌍🏝💰Looking to retire cheaply abroad? Download our Retire Cheap Abroad Guides: www.40northtravels.com/retire-cheap-guides/
Did you only use VTI? I’ve used VOO and two other ETF’s for my lifetime. I was consistent and never changed. I’m now a SE Asian slow traveler in Vietnam, Cambodia, Indonesia, Malaysia, and beyond. I am also a huge fan of BRK for decades. A defensive consistent reliable investment. 3 ETF’s and BRK. Congratulations on starting your channel.
Hi. Thank you so much! Yes, we only used VTI. VOO is also a solid choice. I wish I had bought some BRK in the past, but hindsight and all that. :). Glad to hear that you're in SEA! That's our favorite region. We're planning to head back in December. We'll then start posting videos on our other channel, @40NorthTravels. Please do subscribe there. I think you'll enjoy it.
Get your FREE guide: ‘The FIRE Starter Guide: How to Achieve Financial Independence and See the World.’ 👉 www.40northfinances.com/social/ 🌍🏝💰Looking to retire cheaply abroad? Download our Retire Cheap Abroad Guides: www.40northtravels.com/retire-cheap-guides/
Get your FREE guide: ‘The FIRE Starter Guide: How to Achieve Financial Independence and See the World.’ 👉 www.40northfinances.com/social/ 🌍🏝💰Looking to retire cheaply abroad? Download our Retire Cheap Abroad Guides: www.40northtravels.com/retire-cheap-guides/
