3 Reasons to Retire ASAP | Is 2024 your time?

I want to do what you're doing as I'm 60 this year... however it's not as easy doing it solo

If only 1 in 10 people are healthy when they retire, how can 25% be healthy at the age of 70?
I think I made a good career choice. After a year at university I've done a succession of fairly short term jobs with increasingly long breaks between them. My philosophy has been to live as cheaply as I can whilst saving and investing. The longest I have worked is 9 years; and that job I really liked. I had to tell myself though that it was completely dominating my life, and, crucially, sooner or later, we're all going to die.

Most people Dislike there Job .
I worked with a Bunch of Horrible people , was relieved to Retire !

My dad literally dropped dead at 52 (the day after I left home to start University), so I had always planned to retire by 55. I knew from then that life is too short to spend it all at work.
Made it to retirement at 54 (five years into it now) and couldn't be happier. 
I always had well paid jobs and a good career but only ever really enjoyed the people I worked with...work itself was always a means to an end. Much happier and less stressed without a big corporation to impress every day and we are now travelling as often as possible to make good use of the GoGo years!

I love what I do for the most part, but if I had 10 million I would definitely NOT keep doing it!! I would definitely be on the move. first see my country. I have not seen but a fraction of the U.S.A. and I have always wanted to go to all the National Parks and some out of the way places that I have seen in videos. Then travel around Central America, South America and maybe eventually Europe. Go to some great Yoga getaways and cruises across the Atlantic and maybe around the world! Grab my grandkids one at a time and take them on some epic adventure so that they don't have the dull life experiences that I had growing up and young adulthood. My fear is that they will be doomed to it. I want to change that if I can, and if they are open to it.

Great timing! Thanks for the inspiration 🎉

I needed this today. Thank you.

Using the out of doors for your back ground is really relaxing.

Shame about dad , you look like him , God rest his soul
Great video , love the quotes 🙏

Thank you for another inspiring video. Love that you don't try and "sell" anything and the ideas and views you talk about are your own. Looking forward to the next one. Jon

I’m going to steal that quote Neil. The one about time flying. 🤙 safe travels.

Time waits waits for no man or woman...! We agree on something...! May I ask you both a question ... Have you released/drawn the equity on your pension as is possible at 55 if im not mistaken and what are your thoughts on this, im wondering as Im contemplating releasing my pension at 20k a year into a stock isa and investing it yearly.

As one of the greatest modern day philosophers said ‘time is precious, never waste it “. Mr Willy Wonka.

Great video guys, I'm on a similar path to yourselves (and I'm also from the UK) 👍👍 Andy

Im only 39 but your channel is an inspiration to me. I'm praying (and planning) that I can retire or at least go part time before I'm 50 🙏 Thank You

This is my last year. Same conclusions as you have mentioned. Time and health is more important now than more money. We love to travel too and plan to spend 3 to 4 months away from home in the first several years into it.

I cannot wait to stop. I have so many projects and interests I want to explore. Interesting how many in the comments have lost a parent who didn’t make it to retirement or barely. I did too and it certainly shaped my belief I don’t want to work one day longer than necessary.

I really liked the content of this video - especially the last 5 min- thank you!

I stumbled across your channel… so what I needed to hear today. Some thoughts to ponder.

Thank you what great quotes and stories that you shared.

Regardless of the many jobs I had through my working life, my mantra was work to live not live to work. From 54 to just short of 61 I was in my best paying and most enjoyable job so when I was made redundant it was a massive kick in the teeth and impacted the saving plans I had in place for retirement. Fortunately I had cut down on expenses so we could manage on half of what I had been earning. I had used inheritance to buy property and was saving the rental income.
I retired Nov 23, 3 months short of 64 and don't miss work one bit. Have restarted the gym 3-4 trips a week, cardio with some weights for toning, mixed with Golf 3-5 times a week. I had planned to retire April this year anyway. the next 24 months sees a work pension then state pension kick in which should provide a better income than I had in my last job.
More time for the grandkids, one of which is in the USA, currently in the honeymoon period and loving it.

Great video, I hope this and some of the others on You Tube awaken others on how to plan and get finances in place for retirement, I think one of the benefits of auto pension enrolment is many more people will see by the time they are 40 the size of their pension pots, and realise how they can really boost them to get out of working until they are 67 or so and the state pension

The key is expenses. Low expenses, low amount needed for retirement. I have only averaged $100,000 a year over the last three years. Home paid off and no debts.This is less than 1% of my portfolio. Did all major work to my home back in 2020, new roof, siding, paint, along with renovating the bathrooms. Can get a fully subsidized ACA plan, keep my AGI in the 12% bracket and still live the life I currently do as a successful business owner. Just gotta keep that "Just one more year" voice out of my head. Retirement date, April 30th 2024.

I took voluntary redundancy at the start of the year, £75k package and a £31k db pension at 55 years old with no reduction as I went following redundancy. Been off work a month and feel lost without work….🤷‍♂️

Inspiration for sure maybe 62 when SS kicks in. I just don't see it at the moment Also worry about investment income nose-diving.

I retired last Spring at the age of 55. I had a great start achieving a lot and felt rejuvenated. However, I have struggled during the uk winter months with a lack of identity and filling my time. To a point where I’m now looking at going back in employment as the thought of another winter is already starting to play on my mind. I know i shouldn’t feel this way but find it hard to change my mindset? 🙁☹️

Did you travel a lot before you retired?

What you need to consider is that the current retiring generation are the baby boomers a disproportionate demographic. Add to this the USD and all currencies linked to it came off the gold standard in 1971. This has allowed governments to print money and create asset inflation. Add to this student loans graduates are leaving university with £50,000 debts and need an income in their first year of £90,000 just to stop the debt rising. The huge baby boomer demographic think their assets will give them a safe retirement they are deluded. Money is a gear box between the sum of wants and the sum of goods available. No matter what you have it will not be enough. What is going to happen is the boomer will be paid their pensions but inflation will destroy the value of the money they receive. Check out a documentary called Spend Spend Spend. This was about a Miner in 1969 who whilst working for £2 a week won £100k. So he won 1,000 years wages. By 1979 that £100k represented 5 year wages.

In the UK the amount of money needed for a moderate comfortable retirement rose by £8,000 in a single year alone (2023/24). On a 4% draw you would need an extra £200k of capital in your pension to cover an extra £8,000 of income. Thats £200k rise in one year for a moderate pension income. Keep in mind the moderate income rose from £23,300 to £31,300. Now given the state pension is assumed at £11,000 then the private element was £10,300. at 4% yield it would assume a fund of £257,000. So in one year your private pension requirement for a moderate income has risen by 78%.

Hi, have recently come across your videos and have been watching because my husband has declared to me and his employer that he is retiring in 18 months at the age of 63. There is a plan to buy a motorhome and travel, which we are both excited about. The main concern is finance! May I ask how much time do you expend on your channel, how long did it take before you starting earning from it? Sorry for the slightly personal questions, but it is something that we might consider. Thank you Debbie

Too many people work for money eg an hourly rate etc
The wealthy buy assets which they rent out or lease out which produces cash flow so they don't need to work for money
Most people could retire early if they learnt how to day trade the stockmarket from their phone

There are digital nomad cruises where people that want to work from anywhere as a digital nomad go on a cruise to meet other like minded digital nomads who also work part time remotely from anywhere

I'm going to turn 55 next month, retirement can't come soon enough. Unfortunately, I never thought about retirement until the last few years so haven't saved much or invested much. But I'm determined to find a way of getting out of this rat race asap. Thanks for the inspiration.

Really like the "what do you want to be remembered for" section... thought provoking.

Like you, I never really enjoyed my job, so I took the plunge and retired at 55 last year…best decision ever. I am so much happier now. I had a well paid job but I was time poor…much better now having time to do things I enjoy. Sure I don’t have the money to eat out all the time now, or get a shiny new car every other year, but I’m enjoying the simple things in life, like a walk in the country, tinkering around the home and garden.

Definitely record an album if you can. I did this recently (as Busker's Dog). I'm not quite retired, but am considering my options. Thanks for this video.

Great video guys. We see a lot of ourselves in you. We have just both left great careers, probably at our peak... and left possibly many high earning years behind, in exchange for "the time we will never get back". I get that most people can't afford to retire, heck some of them even at pension age. That is just the way it is. But if you can manage the way and wrap your head around it, you would be a fool to keep slogging on. YOu may never live to see it. We can always go back to work if we had to.

Ive been binge watching a bit of your channel to catch up.

Thanks very inspiring 👍📺

I retired 2 years ago. I’m 59 now and love it. My investments mean that I actually have more coming in monthly than I earned after tax when I was working full time. It was a steep learning curve to start investing, but I’m now guaranteed to have a good income until my pension kicks in and I haven’t even had to take a lump sum from it. No mortgage, no dependants so low monthly outgoings means that I have a great net disposable income to do what I want and when. Keeping busy with what you want to do and keeping fit whilst doing it is the key though. Everyone has that lightbulb moment that gives them that final push and for me it was the realisation that when my wife’s parents and my mum all passed away within a year and they had huge amounts of money left in their accounts, but couldn’t spend it due to ill health…. I knew that I couldn’t do the same and so quit my job just 1 months after my mum died. Life is too short, live it now as there maybe no tomorrow ❤

Interesting. Im not a manager thats just my job title is what i say. Also i don't have a bucket list because i did everything and went every where i wanted to when i was younger, best advise my dad gave me. Coming up to 60 and thats work over for me. Looking forward to a new challenge of just being me for me.

Fab vid guys. Always good for a laugh and sound advice.

I was made redundant at 53 … earlier than I had planned to stop, but hey, once I was out that door there was no returning! The world is my oyster 🙌

Love this guys! close to retirement and feeling a bit of fear, but so done with working after 43 years and you have given me the inspiration to move on, with me or “us” as our new priority. Thank you 🙏🏽

Thank you for sharing 😊

Mine is one more week, however I have already written my resignation letter and will be handing it in this Friday 24 May 2024 , and only giving two weeks notice because I can lol 😂😂 A colleague at work is trying to get me to go part time and it is not for my benefit but hers - she said if I leave she would have to do more work. That made me decided sooner rather than later.

In the uk it is getting hard to believe that the state of finances are ever going to get better. Since the general election we have tax tax tax Labour in power so even the ones that have savings are worried because if you are not on benefits you are seen as the government t cash cow. They are already targeting pensioners.

retire on the job. go on trip ever month

Can you do a video on how much you retired on and how your accounts are going now? Are you invested to grow your wealth or drawing down? I’m not sure because we never get the full story