hi everyone so here is my holding on four big stocks that I own in my portfolio and if you aggregate the numbers you will see that my investment amount is huge on the flip side this is the car that I drive it's a tat Nixon so I naturally get asked a question that aat you have a lot of money a lot of wealth this that so why are you driving a basic car the short answer is that it is a part of my retirement planning living frugally spending less being sensible about it being practical about it is the core tenant on which I operate basically my my viewpoint is that I would rather have a lot of flexibility in my life not stress about money live wherever I want to live for example right now I'm in South Goa I keep on traveling here and there peaceful environment weather right and all that stuff so I prefer this flexibility so this is a practical Insight that I have discovered right from the time I had a corporate job K sensibly I have to save and invest and I have to keep my lifestyle inflation in check in order to achieve early Financial Independence SL retirement so on this video video I'm going to share with you practical insights practical strategies that I have personally used in order to achieve early Financial Independence after watching this entire video you will get a very clear idea what is it that you should be doing what is it that you should not be doing because most of the people that I see who are interested in getting early Financial Independence SL retirement they just keep on doing Excel all day right we will become like retired in like this amount of time no all this will not help you study the math also so first and foremost please like this video so that these type of fundamentally research video reach out to more people I speak from life and practical experiences whatever I have personally done second key point is please watch this video till the very end it's a very humble request I will condense a lot of interesting insights for you in a very short span of time watch it till the very end you will not need to watch any other retirement oriented video all practical points will be spoken about so on that note let me me share a very broad framework and the rule is called as 991 Rule now what is the meaning of the rule so here is the snippet take a look at this this rule is applicable across a wide range of Industries let's pick the example of Internet what you will observe is the fact that 90% of people waste their time on internet scrolling we scroll all day we'll just watch like shorts after shorts after shorts learn nothing do nothing so 90% people on the internet waste time 9% % of the people use internet intelligently probably to gain knowledge learn something new upskill themselves do good good things probably watch my channel subscribe to my channel and like this video and 1% who are at the top of the internet food chain they are the one using internet to make a lot of money and turn it into a profession so this split of 99 and one is applicable across a bunch of Industries and it is also applicable in terms of Investments Exel EX all day long that you know what okay if I save this much amount of money grow it at like this much rate then I will be retired in like these many years that's incorrect that will not work you have to have basic principles sorted out you need to have basic practical wisdom on this topic in order to understand this concept more let me give you some math here for example let's say that it is the year 2023 you have saved roughly 1 rupe right now and you'll say right and now I can retire just live off by growing my money at like crazy rate and I'm done but see the point is that if you study inflation and the way the inflation is being played out practically in the economy the cost of raising a kid has gone up like crazy on top of that foreign education has become extremely expensive the inflation there is crazy so from that perspective you know what the rate of inflation in the economy is 5 6 7% but practically the type of services that you might be availing the inflation there is absolutely mindboggling for example consider health insurance the premiums on health insurance term insurance is growing at roughly 14% kager 14% kager every single year so it is critical to Avail these type of services as soon as you can so on that note let me introduce you the sponsors of today's video which is Max life insurance imagine that you're 35 years old and you won a lottery of 10 CR rupees you'll feel yeah oh 10 CR rupees I'm just going to rule the world with it I'm going to resign from my job live a retired life this that all good good things but here is a problem and let me use the math of 1 CR rup and the value of it after a few years so 1 rupe after 10 years only remains 50 lakhs if you assume a 7% inflation similarly after 15 years the value will be only 36 lakhs after 20 years it will only remain 25 lakhs of buying power at current inflation of roughly 7% so the point I'm trying to drive home through this example is very simple that retirement planning is not that easyl models and we follow so many things systematic withdrawal plan this is that but it is not easy those are not practical practical things so retirement planning is an area where I have had some bit of practical experience because I currently live in Goa I could technically call myself retired I'll not use the word retired because that has a negative connotation to it but I would call myself financially independent that I get to work wherever I want whenever I want how much ever I want so from that perspective I can call myself semi-retired so to say on that note the very first thing that you absolutely need to do literally the ABC of retirement planning is that you need to protect yourself and Safeguard your family and for that you need to have an insurance and on that note let me introduce you to the partners of today's video which is Max life insurance they offer the plans at very affordable premiums by paying 700 rupees monthly you can get a life cover of 1 CR rupe now this comprehensive plan comes with a host of advantages SL riders for example you can get disability cover you can get protection against 64 critical illnesses you ALS also get accidental cover life cover on top of that one of the key components that you need to remember while buying an insurance is the claim settlement ratio which simply means that if an insurance organization is getting 100 requests for processing claims how many claims are they actually processing out of it Max life has a claim settlement ratio of 99.51% which is good Max life also offers free cost of term plans with special exit value which means that with Max life term insurance plans you can get back your premium at no extra cost so do check out all the details in the description and comment box and let's move on to point number two so with that said let us move on to the concept of retirement planning practical points the first critical point that you must understand about retirement planning is the retirement planning math Excel spreadsheet I will tell you in very simple back of the envelope calculation of critical points that you need to understand in order to grasp the concept of retirement okay so the retirement math formula comprises of these four buckets I will quickly explain it highly practical points right so the first point is that you must understand what your current lifestyle is and what is the inflation on that lifestyle so let me give you an example so let's say that currently you live in Delhi and your monthly expense is one lakh rup home you have a family and right now one simple choice that you can make is and if your work permits that you're working from home online then probably you can go to some other smaller City so that maybe you will be able to cut down your expenses by 30 40% and studies show us that you can cut your expenses so these are some of the Practical tips that you must keep in mind so the first practical tip in terms of your retirement planning that I will give you is that if you're planning on retiring early then always look for scope to shifting to smaller cities because this 30 40 dip in expenses will be there right so this is part one part two is that see your life will always be upgraded right that we want like better phones better Hospital facilities better education kids then more expenses on kids so lifestyle inflation will always be there so the first challenge that you will witness is that you need a very honest assessment that okay I'm living in Delhi and 1 lakh rupee is my ker what is the realistic expectation in inflation I expect in my lifestyle where I will be happy for example okay that okay if I have like a wife and if I have two kids or if I have a husband two kids then then my will get doubled right so this is the base amount that you need to consider and here there will be an approximation only right you cannot again like sit on Excel spreadsheet that okay today the education expenses like this after one year it will only grow by 10% and my rent will only grow by 10% right so this is the Practical point that I I'm telling you and one mitigation strategy is that always figure out early in your life and get that that location Independence Point very very critical it can help you out a lot in terms of your retirement planning then comes the second point that it is pretty much irrelevant what your current salary is for example your current salary could be 1 CR rupe a month but if you invest 0% of it or if you save 0% of it then how much you have contributed to your early retirement or retirement planning the short answer is zero it is almost relevant how much money you are making more important factor is that how much you save and invest so this is the second critical point the third critical point is the rate of growth of Investments now this is a very interesting snippet it shows that bab India May that only 3 three and a half% people invest their money in mutual funds most of the savings of Indians savings means that okay if your salary is 1 lak rupe and you're saving 10,000 rupe then most almost 90% of Indians keep that in fixed deposit now this is not a rant against fixed deposit fixed deposits are good instruments under certain circumstances No Doubt about that but your growth money the money that you're looking to grow at a rate of 10% plus that needs to be put in something called as growth assets and FD is not a growth asset something like mutual fund is a growth asset something like real estate good real estate is a growth asset something like a stock or a good stock is a good growth asset now why am I calling this 10% as the Baseline there has to be some head or leg to this 10% right so what you need to understand is that even if you consider the official rate of inflation in India it is somewhere around 6% and please note that this is just official number this is unofficial inflation will be much higher but official because that is a number that we can all be sure of that inflation in India which simply means that in 2023 you are getting an Apple at 100 rupees then next year most likely the cost of that apple is going to be 106 rupees why because the price rise of apple has happened by 6% so that is what inflation means so inflation in India is roughly 6% and 4% you need as a systematic withdrawal limit or systematic withdrawal plan so how does this work out let me quickly explain that right so let's imagine that this is the year 2023 you have saved 1 CR rupe okay and then you say that you know what my current lifestyle is such that I live in a tier 2 tier three City Village and inflation be if I compute on my standard of living that I will get married have kids all this stuff hypothetically then my Kaa every year or my expense every year I'm talking on yearly basis is roughly 4 lakh rupees okay now as per systematic withdrawal plan what you can do is that in 2023 you can theoretically retire why and there is a condition that needs to be met here that your total Corpus is 1C right your current lifestyle plus inflation is how much 4 lakh rupees roughly four lakh is what mywp a systematic withdrawal plan would be so in 2023 you retire you stop working in 2024 how much money you need 4 lakh rupe because that is the estimate that you have run now what is your Corpus down to you will say that okay it is down to 96 lakhs because 1 CR minus 96 lakhs but here is where Point number three comes into the equation that this Corpus if you have invested it properly it will grow at a certain rate and what is the growth rate of that Corpus you need to achieve it should minimum be 10% why is that because that in 2023 1 CR by 2024 how much does this become it becomes 1.1 CR then you withdraw 4 lakh out of it then you left with how much you left with roughly 1.06 CR now where does this 6 lakh go it goes to inflation that ch% inflation 4% is your systematic withdrawal rule so what are the key takeaways that you must understand practically from this discussion number one have a very correct understanding of what your current lifestyle is where will you live and what is the expected amount of expenses you will incur on early basis have a very very clear handle on that fact so in my case that Kaa comes out to be 2 lakh rupees there is a video that I had done somewhere so please go and take a look that is the max limit that so 2 lakh is what I'm estimating then comes the second key takeaway that you must save and invest quickly in order to get to your goal which is based on that 4% withdrawal rule for example example that okay I need 4 lakh rupees every month as s swp then how much money you need to have as the kitty or the pool 1C okay so that is point number two point number three is that you must be able to grow your portfolio at minimum 10% why because there is inflation angle to it and there is 4% s swp to it okay so now since we have understood the retirement math and the formula around it now let us start getting deeper into the concept about retirement methods and what are the best assets where you could invest in order to achieve that early Financial Independence or retirement so see what people think is if I go and invest my money in mutual funds retir stocks same is the case if I go and buy like five shops then yes again I'll retire very early people retire by buying real estate also people retire by buying stocks also mutual funds also the point is that whatever you are buying that asset should be good there is no point in buying like absolutely nonsense stocks which are going to go to zero how will it help in retirement planning again a related Point here is that if we just simply go and buy dividend stocks then our retirement is pakka see guys what ends up happening is that when you are buying mutual funds or stocks the issue is that markets sometimes go up like this and then they fall like this now if you are banking on the fact that every month or every year I need to withdraw 4% of my portfolio and type situation 2008 type situation Market took four 4 years to recover that every year I need to withdraw 4% of my money market has corrected unfortunately 50 60% and now you're sitting unnecessarily withdraw and all that stuff so it becomes a problem for you so please understand that both mutual funds and stocks have a component called as volatility guaranteed regular return is not the area which is useful in mutual fund and stocks people just imagine pfolio pfolio but draw down is also quite massive so you have to mix and match with other three instruments here right so this is very very important that you use mutual funds and stocks for growing your portfolio at what math at more than 10% why 10% because I told you the math earlier that 4% is your s swp and 6% is what 6% is inflation so yeah say right if your average portfolio which is a combination of this part and this part if that portfolio needs to grow at a weighted average please Google what weighted average means if the weighted average return of your portfolio needs to be somewhere more than 10% then from the growth part well it should at least be 12 to 15% returns here and then also it's fine because what this part this blue part does is that this part of your portfolio gives you stability right and this part of your portfolio gives you what it gives you growth right lot of people in the equity Market Equity best real estate real estate invest no you have to mix and match in order to do retirement planning that is the key concept that you must understand so now let me quickly delve deeper that what are some of the best options within this space if you are planning your retirement if you are picking mutual funds and if you know nothing just simply go and put your money in something called as index mutual funds expense ratio is really low expense because the commissions that you pay to mutual fund people it ends up eating a big part of your portfolio here there is a tweet that I had made on that simple topic that if you're doing retirement planning then 30 30 years 40 40 years retirement planning right every for 30 years they will invest in some mutual fund what ends up happening if there's a difference of 2% commission 1 to 2% commission well here's a math that I explained that if you invest 25,000 rupe monthly at a kager of 12% for a period of 30 years the total portfolio or Corpus size is 8.82 same math at 14% kager it comes out to be 14% but we think what's a big deal no please read this tweet carefully very very important tweet from a retirement planning point of view so if you are picking mutual fund and your aim is to grow your money at 12% that is the historic kager of nifty50 or the entire Indian market simply go and buy Index Fund it has the lowest risk no problem there right so this is point right second key point that if you are going to stocks then you should pick stocks with the intent that how to exit the stock also now this is something that I teach fundamentally on my member Community also so please go and check it out you will learn a lot more Nuance techniques of Investments I keep on saying that if you're a serious investor give it a try try for 2 three months you yourself will see a c change in your investing style but stocks don't purchase unless you know the fundamentals unless you understand the basics of stock stocks are wonderful if you're looking to grow your portfolio between 15 to 20% cash and your timeline accelerates for retirement what about real estate FD bonds okay the real estate for example when you buy a house you are buying it for your own consumption a house is not an investment per se in which you are living for example you're seeing that I'm standing and shooting a video this house is on K I will always live on K house right why because I'm consuming this but the real estate that I own every single real estate is on commercial use or is doing some kind of commercial activ AC it so to say even the Villa that I have purchased in Goa that is on Airbnb generating somewhere around 6 to 8% yield for me every single shop that I own generates 6% yield now why am I talking about 4% 6% Yi simple see real estate it gives you stability for example imagine a situation where the stock market has corrected by 50% you require your 4 lakh of yearly expenses what will you do you will draw down in the stock market if you're 100% stock investor but on the flip side if you own some real estate that real estate gives you cash flows right you might have already bought I don't know right by the time you retire you might have four five shops so every year you might be making 68 lakh rupes of rental income a it gives you an option to put more money in a down market right because you have that stability of cash flow B it fulfills your requirement that from that example point of view now I know that many critics will say that time agree guys I I'm not saying that you know there's a full proof 100% proof method out there which you will use and everything will be Hy Dy but the point is diversification there are some assets like these which are for stability Viewpoint so rather than having all your money or stable money in real estate you can put some money in bonds right don't do fds but do government bonds because the return or rate of return on government bonds is slightly higher that of FD so that is the good part there right so please understand I'm giving you all the options you need to mix and match it eventual goal that you need to accomplish is very simple that your portfolio grows at more than 10% and that can easily happen for you the moment that starts happening you will have a fairly easy time now let me close out the video by talking about four or five actionable points that you need to start executing in the year 2023 to accelerate your retirement planning timelines so there are four action points that I will leave you with number one action point is that if you have just recent recently started making money or if you are already making good money but not saving much start with the target of saving 10% of your salary just 10% and all that please do it do it for your own you will get more freedom you'll have less stress in life okay so step one is that literally start saving 10% of your salary and every 6 months try to jump up your savings rate by another four to 5 percentage points so for example we are in October and you have just started saving money you start out with the goal of 10% budgeting it can happen now by like next March April get that number to 15% what is the goal till what point you should do it well ideally right or like in know extremely good scenario would be that you end up saving 70% of your salary I save almost 95% of whatever money I'm making why because I enjoy the flexibility and lifestyle inflation that does not mean yeah I do not drive a car no I do all those things I drink like good Italian coffee and bu buch of other good good things I do right I travel abroad but budget sensibly that is the point you should spend within your limits for example for Me 2 L monthly expense is a lot I can get a lot done now my income level might be very high so that 2 lakh might look very high but that is not the case I still spend good amount of money but despite that my savings rate is very very high and that is what you should focus on point number two that if you're new to investing don't be that 90% people in that 991 rule start with index investing if you know nothing just simply go and do sip in index you are fine there is no problem there commissions be come all good good things are there you will be able to grow your money at 12 12 and half% kager what is the average return and you will be okay so this is point number two this way you will migrate from that 90% while bucket to that 9% bucket right at least intelligent and then eventually try to get into that top 1% bucket by learning about direct Stock Investing third key point you need to bifurcate your portfolio into growth portfolio and slightly risk-free portfolio so for that if you understand bonds invest in bonds if you understand real estate invest in real estates point is that you must have some stability of cash flow and buy good assets there then comes the final point that have a basic sense of what that goal of money you need to have should it be 1 CR or 5 CR or 10 CR or 100 CR whatever that money is it depends on your lifestyle what you currently have and what you expect your lifestyle to be for example if your goal is I'm working in Mumbai and I'm going to earn money in India and my goal is to eventually retire in New York so for that versus if your goal is that okay I'm working in Mumbai now I want to settle in this particular Village in India right so I hope you got that perspective that this math or setting that goal is something that you'll have to figure out depending on where you currently are external comparison that for example if you're currently on 1 lakh rupe are you happy with your lifestyle that you're currently living are you married unmarried what future responsibilities you might have so as for today do that computation maybe it will be like additional responsibilities double right so 2 lakh is your target goal on a monthly basis this is your expense now run the 4% math that I had explained you and you will have a very simple answer what is the Corpus site that you might so on that note I would encourage you to watch this particular video which is around why the Youth of India is getting financially bankrupt if you watch this video you will avoid making a lot of mistakes in your retirement planning so please go check out this video and I'll see you soon
People are always asking us how did we retire early and quit our 9-5 jobs. But before we get into that today, I'm Sarah. I'm Olivier and our channel is called "Enjoy Retirement Life". So one of the first things we did was to have a look at our debt and to see if we could reduce it in any way. And the other thing was to look at our weekly spending and to see if we could trim that back.
So when we started to analyse our debt, we figured out that there were two cars. Why do we need two cars? I don't know, because where was your car all week? On the drive. Because where did you work? I was commuting to London. I used a train. The train is very expensive as well. So we decided we didn't need two cars. I actually had a car loan on mine. So we decided to sell mine, clear the loan. And basically I ended up with a bit of an upgrade because he had a much nicer car than me. So we just had one car, no mortgage, nothing. Win-win, because I had a decent car and we were paying less each month. So we noticed as well the number two in our spending was the TV subscriptions. We have, how many do we have? We have ***, we have ***** Video, we have ******* and even ****** Channel for our children. A lot.
That is too much because we don't have time to watch all these channels at the same time. So we had to make some decisions about which ones we were going to keep and which ones we were going to give up. And actually that was quite a nice saving, wasn't it? Every month. Very nice saving. So we kept just one, the one we watched the most and all the others, we cancelled. And we haven't really missed them, have we? Not at all.
To be honest. So one of the other things we noticed was how much money we were spending on restaurants each month. So we love going to restaurants, whether it's on our own or with friends, but we decided as we wanted to quit our jobs and retire early, perhaps we should save money by switching to takeaways. So that worked for a while. Until our kids ordered a pizza from our favourite place and I almost had a heart attack when I saw the bill. They ordered four pizzas and some nibbles and the bill was 60 quid. Don't forget pizza is flour, salt, water and baking powder. It's true. A little bit of toppings, that's it. 60 quid. So from then on our kitchen at home became a pizza kitchen and we did it ourselves and we saved even more money. So that was another win. A win, win. Again. Another point where we noticed we spend a lot of money is on food and we spend a lot of money on supermarkets.
It's not what we were buying, it's where we were buying. So we made a switch. We went for a lower cost supermarket and we were quite surprised because the prices were good and the food was very similar quality. For example, if you buy pasta in one supermarket, and pasta to the other supermarket, the only difference is the label because it's still flour and water inside. And some eggs. Yeah. So another plus was that there was a better selection of wine and actually that was less expensive too. So it was another win. A win for us because we love wine. So another way that we started to save money was also to think about leftovers and how much we had left in the fridge and what was going to waste each week. I don't like to waste food. No, he really doesn't like to waste food. Even if I need to eat the same thing for one week, I'm going to do it.
So we started to make shopping lists, really plan the meals for the week and then make sure that we were cooking enough so we could eat the same thing. Maybe not the next day. So I introduced to your family, the leftovers. We need to eat the leftovers. Yeah, the problem was before that we didn't have any leftovers. Yes, they ate everything. Anyway, we cooked a bit more. And of course, there's economy of scale and it means that you've got some for maybe a couple of days' time. Because the benefits to cooking more, you use the same gas, you use the same electricity, you just buy a little bit more food and you can switch that for this day and to another day.
And actually for us, when it was a night where we didn't have to cook, it was brilliant. We could just put our feet up after a day at work and enjoy the fact that the food was already in the fridge and we just had to heat it up. So not only did we save money, it was very convenient too. Yeah. As you notice, it was very easy to save money each month and that was part of educating our brain to our new retirement journey. Because we knew that in the end when we retired early, we had a five-year plan, that we wouldn't have a monthly pay check anymore. We would be too early for a pension and probably not able to get any support from the government. So we knew that we had to adjust to having less money. So not only did we save money, we also re-educated ourselves about how to live, what was important. With less things because we don't need all these things. So that was one part of our journey to quit the 9-5. It's kind of an essential part that we needed to go through.
Yeah. So don't forget to subscribe and to click on the thumbs up. That is helping us and helping our channel. Don't worry, it's free for you. And we've got plenty more videos to come about our retirement journey to France. So hopefully you'll watch us again soon..Read More
Are you planning to retire soon and looking for
the best countries in Asia to spend your golden years? Look no further! In this video, we'll be
exploring the top 10 best countries in Asia to get retired. From the bustling cities of Japan to the
serene beaches of Thailand, we've got you covered. So sit back, relax, and let's take a journey
through the best retirement destinations in Asia. Welcome to The Global Adventures, where
we explore the best places to live, work, and retire around the world. In this video,
we will show you the top 10 best countries in Asia to get retired, based on factors
such as cost of living, quality of life, health care, culture, and climate. Whether
you are looking for a tropical paradise, a vibrant city, or a peaceful countryside, Asia
has something for everyone. Let's get started! – Number 10: Sri Lanka. Sri Lanka is a
beautiful island nation in the Indian Ocean, with a rich history and culture, diverse
wildlife, and stunning scenery. It is one of the most affordable countries in Asia, with a low
cost of living and a favorable exchange rate.
You can live comfortably on a budget of around $1,000
per month, including rent, food, transportation, and health care. Sri Lanka also offers a variety
of visa options for retirees, such as the My Dream Home Visa, which allows you to stay for up to
two years with a minimum investment of $15,000. – Number 9: Vietnam. Vietnam is a fast-growing
and dynamic country in Southeast Asia, with a mix of modern and traditional influences.
It is famous for its delicious cuisine, friendly people, and natural beauty.
You can enjoy a high standard of living in Vietnam for a fraction of the cost in
the West, with an average monthly budget of around $800 to $1,200. Vietnam also has a
high-quality and affordable health care system, with many private hospitals and clinics that cater
to foreigners. You can apply for a retirement visa in Vietnam if you are over 55 years old and
have a monthly income of at least $1,000. – Number 8: Malaysia. Malaysia is a diverse
and multicultural country in Southeast Asia, with a blend of Malay, Chinese, Indian, and
European influences. It is one of the most developed and stable countries in the region, with
a high quality of life and a low crime rate.
You can live comfortably in Malaysia for around $1,500
to $2,000 per month, depending on your lifestyle and location . Malaysia also has a world-class
health care system, with many accredited hospitals and doctors that speak English. You can qualify
for the Malaysia My Second Home (MM2H) program, which grants you a 10-year renewable visa, if
you meet the age and financial requirements. – Number 7: Cambodia. Cambodia is a charming
and laid-back country in Southeast Asia, with a rich and tragic history, a vibrant
culture, and a friendly population. It is one of the cheapest countries in Asia, with
a very low cost of living and a favorable tax system. You can live well in Cambodia for
around $600 to $1,000 per month, including rent, food, utilities, and entertainment4. Cambodia
also has a simple and flexible visa policy, which allows you to stay indefinitely
with a renewable retirement visa, as long as you are over 55 years old and
have a monthly income of at least $1,200. – Number 6: Thailand. Thailand is a popular
and attractive country in Southeast Asia, with a diverse and fascinating culture, a warm
and tropical climate, and a hospitable and fun-loving people.
It is also one of the most
affordable and convenient countries in Asia, with a low cost of living and a high quality
of life. You can live comfortably in Thailand for around $1,000 to $1,500 per month, depending
on your location and lifestyle . Thailand also has a modern and accessible health care system,
with many internationally accredited hospitals and doctors that speak English. You can obtain
a retirement visa in Thailand if you are over 50 years old and have a monthly income of at least
$2,000 or a bank balance of at least $25,000. – Number 5: Indonesia. Indonesia is a vast
and diverse country in Southeast Asia, with more than 17,000 islands, each
with its own unique culture, landscape, and lifestyle. It is also one of the most
affordable and adventurous countries in Asia, with a low cost of living and a high level
You can live well in Indonesia for around $800 to $1,200 per month, including
rent, food, transportation, and entertainment4. Indonesia also has a decent and inexpensive
health care system, with many public and private hospitals and clinics that offer basic
services. You can apply for a retirement visa in Indonesia if you are over 55 years old and
have a monthly income of at least $1,500. – Number 4: Philippines. Philippines is a
friendly and welcoming country in Southeast Asia, with a strong and colorful culture, a diverse
and beautiful nature, and a lively and energetic people. It is also one of the most affordable and
enjoyable countries in Asia, with a low cost of living and a high level of happiness. You can live
comfortably in the Philippines for around $800 to $1,200 per month, including rent, food, utilities,
and entertainment. The Philippines also has a good and affordable health care system, with many
hospitals and doctors that speak English and accept international insurance. You can qualify
for the Philippine Retirement Authority (PRA) program, which grants you a permanent visa, if
you meet the age and financial requirements. In the Philippines, retirees can enjoy various
benefits such as discounts on goods and services, tax exemptions, free medical and dental services,
and priority assistance in government offices. Retirees can also avail of the Philippine
Retirement Authority (PRA) program, which offers incentives such as multiple-entry privileges,
exemption from customs duties and taxes for the importation of personal effects, and access to
the Greet and Assist Program at selected airports.
– Number 3: Taiwan. Taiwan is a modern
and progressive country in East Asia, with a strong and vibrant economy, a rich
and diverse culture, and a friendly and polite people. It is also one of the most
developed and comfortable countries in Asia, with a high quality of life and a low cost
of living. You can live well in Taiwan for around $1,500 to $2,000 per month, depending
on your location and lifestyle4. Taiwan also has one of the best and cheapest health care
systems in the world, with universal coverage and high-quality services. You can apply for
a retirement visa in Taiwan if you are over 60 years old and have a monthly income of at least
$2,000 or a bank balance of at least $50,000. In Taiwan, retirees can benefit from the
National Pension Insurance (NPI) program, which provides a basic pension for citizens
aged 65 and above who are not covered by other pension systems.
The monthly pension
amount ranges from NT$3,628 to NT$18,144, depending on the number of years of insurance
and the income level of the beneficiary. Retirees can also enjoy various welfare programs such as
the Senior Citizens Health Examination Program, the Senior Citizens Welfare Allowance Program,
and the Senior Citizens Care Service Program. – Number 2: Japan. Japan is a sophisticated
and advanced country in East Asia, with a unique and fascinating culture,
a stunning and diverse nature, and a respectful and courteous people. It is also
one of the most safe and stable countries in Asia, with a low crime rate and a high life expectancy.
You can live comfortably in Japan for around $2,000 to $3,000 per month, depending on your
location and lifestyle. Japan also has one of the most efficient and effective health care
systems in the world, with universal coverage and high-quality services. You can obtain a
retirement visa in Japan if you are over 60 years old and have a monthly income of at least
$2,500 or a bank balance of at least $100,000.
– Number 1: Singapore. Singapore is a small
and prosperous country in Southeast Asia, with a dynamic and cosmopolitan culture, a
clean and green environment, and a diverse and harmonious people. It is also one of the
most livable and convenient countries in Asia, with a high quality of life and a low cost
of living. You can live well in Singapore for around $2,500 to $3,500 per month, depending on
your location and lifestyle4. Singapore also has one of the most excellent and affordable health
care systems in the world, with universal coverage and high-quality services.
You can apply for a
retirement visa in Singapore if you are over 55 years old and have a monthly income of at least
$3,000 or a bank balance of at least $200,000. Thank you for watching this video. We hope
you enjoyed it and learned something new. If you are interested in retiring in Asia,
we recommend you to do your own research and visit the countries that appeal to you.
Asia is a diverse and amazing continent, with many opportunities and challenges
for retirees. Let us know in the comments which country is your favorite and
why. Don't forget to like, share, and subscribe to our channel for more videos like
this. See you next time on The Global Adventures!.
Devi Shetty: Sadhguru, I am constantly torn between my senior colleagues, who are extremely skilled surgeons. Sadhguru, the… on the heart there are some procedures, which are done by very few people on this planet. I’ll give an example – I do an operation called pulmonary endarterectomy that’s the blood clots from the leg goes to the lung arteries and it clogs up all the arteries. So twenty… twenty-five years ago there was no cure for this. And once you are diagnosed, you are destined to die within a year. Today people who are on home oxygen for two years, three years you do the operation they can go back to skydiving or they can go to scuba diving.
That’s the transformative effect but there are only fifty surgeons less than fifty surgeons in this world who can operate. And like this we have some of my colleagues who are extremely gifted surgeons. They are in their fifties now. And some of them are constantly talking about retirement. Especially one surgeon he is a extremely gifted surgeon who can fix any damaged valve.
He is single, he has no other commitments every other day he talks about going to Banaras or somewhere and retire and I keep telling him that God didn’t create him to retire and meditate. He has to be fixing all these problems So he gives me extension every six months Guruji. So at the end of six months the usual rigmarole starts, he talks about retirement and everybody is depressed in the hospital. So how do you deal with this kind of people? Sadhguru: You must you must give him a one year sabbatical with me Yes, because the need or the idea of retirement enters anybody’s mind because of the monotony of what they’re doing, whatever it may be.
Somebody else may think it's a great thing but in your experience somewhere it's becoming monotonous or stagnant. Stagnation is one thing that human intelligence and human system cannot take. And most of the ailments are because of stagnation stagnation of life. They may be… they may be getting their you know once in three years promotion. They may be making little more money. All these things may be happening but somewhere experientially there’s a stagnation, which could be a major cause for many of the complex ailments that people manufacture within their systems. The more complex they get you try to create more talented surgeons. I am saying we are manufacturing the problems, we are trying to manufacture a solution.
I think as we offer solutions people who have adl… already gotten into problems, they need solutions. But it's very important that we teach people how not to create these problems, so that instead of fifty, you have to produce five thousand expert surgeons to attend to all these people who are on self-help to illness. So I would say a surgeon who is who has a certain competence and who has worked through his life, if he wants to explore something of his own nature, that will be the greatest thing to do because he is not a man without commitment nor competence. When competence and commitment is there, you should not run him through the rig ram role (rigmarole?) and destroy that possibility. It’s important that he explores something of his own nature, which will make him We don't know what he’ll come up with. You cannot even estimate what he may come up with. I think a sabbatical is good.
He may come up with something that you have not thought possible. Devi Shetty: I will… I will convey your message Sadhguru. I am sure he is watching this program.Read More
♪ upbeat jazz ♪ Good morning, guys, here we are
outside of The Villages, Florida. The largest 55 year-old-plus
community in the world. From what I've been told
it's Villages on this side of the highway, that side… Takes up a huge amount of land. Over 100,000 people living here. So today we're gonna get in with the locals
and get an understanding of what this lifestyle is like.
Let's do this. ♪ upbeat jazz ♪ [woman laughing] PETER: All right, we've landed
here in The Villages. Heather, you're showing us around today? -I am. I am excited.
-Okay. -Your neighbor Jim
has something to show us. I was gonna show you
my golf cart if you feel like it. PETER: Let's do it. I've noticed your golf carts
have some bling, they have the nice rims. -[Heather laughing] Of course. [garage door opening] HEATHER: So here it is,
believe it or not.
JIM: It's a '34 Ford.
It's got a 16 horsepower motor in it. I got a '22 CVO Road Glide
and then I've got a 2019 Street Glide, and then I got a lifted 2012 Jeep. PETER: So what I'm gathering here
is you're not enjoying retirement. -No, never home to enjoy it. [both laughing] It's a luxury of love and I've worked
all my life to do what I want to do now. So it's like I moved down here,
got out of the cold weather, gave up my five acres,
and a zero turn, and a snow blower, and traded in for a pair of shorts. PETER: So this is the rat pack
over here, the gang? JIM: Uh, this is…
MAN: Our little village.
-This… The best village in DeLuna. Like 35 houses here and… PETER: Something tells me every village
is gonna say they're the best. JIM: Well, of course they will. I mean you gotta have pride.
-Okay, okay. But Heather, we're gonna get out
and see a few of them today, right? -Yes, we are. HEATHER: There's a variety of people
from all different backgrounds. WOMAN: Well not only that,
so many documentaries about The Villages is all the negative
and I don't see any negatives. Just a couple people,
and if they're negative it's because they're unhappy
'cause they don't do anything here. I mean, I do so much. PETER: So a lot of stereotypes
in The Villages. There's truth to many stereotypes, right?
HEATHER: Right. PETER: But today we're gonna
get into your guy's life here. 'Cause it's not what you think? -It's not what you think
and it's frustrating.
It's frustrating to me.
-Frustrating? -Yeah, I'm frustrated.
-Why? -Uh, people just have a preconceived idea
of what The Villages is about. You know, my sister-in-law
does this thing where she… When people ask her where she lives
she says she lives in Central Florida. She won't say The Villages
because people just assume that there's a real negative thing
going on here and it's not. -Okay, what's the negative thing
for those that don't know? What is being put out there, let's say?
-[chuckling] Well we're not all swingers. We don't all have STDs.
-You guys aren't swinging here? -We don't have STDs.
WOMAN: I don't know of anybody.
HEATHER: I don't know a swinger. PETER: He's not swinging?
HEATHER: No, we're not swinging. PETER: Okay. [all laughing] HEATHER: You know,
there's 145,000 people here. You know, we're not all…
-Okay, I said 100,000. -No, 145,000.
-Wow, and growing? -And growing, yeah. PETER: I came through a gate…
HEATHER: Yes. -But the guy just had a stop sign and he opened the gate
without asking anything. -Yes.
-What is that? -It's more for just the perception,
you know? Right? That it's secure and so people
just don't come in off of the street, but it's very, very secure here.
There's no crime to speak of. -No crime?
-No. We just moved here from Indiana
and my Husband's from Hawaii. We've lived all over the United States
and we love Florida. That's always been our goal. -Even over Hawaii?
-Yes. Just because the cost of living. You know, Florida, it has gone up I think
but it's just really affordable to be here. I think the homes are real comparable
to just a normal Midwestern town.
Like where we're from in Indiana. -Okay, so one of these homes here
on average, what do you think the price is? -You could probably
find something in the low 200's. -Okay.
-It's gonna be smaller. It might have,
like, a one car garage or a car port. People move here
from other parts of the country. I mean I think there's somebody
from every state plus several countries here represented, and people come here with, say,
like, maybe their California money. They sold their house in California,
and made a good profit, and they come here, and it's… They can take their pick.
They could have whatever they wanted. -Right, but it is
the mode of transport, huh? The golf cart?
-Oh yes, absolutely. All the neighborhoods have regular streets
and they all have a golf cart path, but when you get on the main roads the golf carts have
a whole own road on the side.
Like, they have
an entire road to themselves. HEATHER: These bridges are
a real value to us. They've been adding them recently
and it helps connect you. PETER: Right, so I came under this highway.
-Yes, you did. -So do you feel like you're in a separate
bubble, a separate town, country? What is it like?
-It's funny you said bubble. Because that's what people call it. They talk about being in the bubble.
-Okay. -And when you have to go someplace
outside of the bubble, say, to shop, um, you know, it's kind of a… It's different, you know? You go outside of the bubble
maybe to go to dinner someplace or maybe to go shopping,
but there is a lot of that here. There's so many restaurants and shops here. You really don't have to leave
but some people do. PETER: This is great. HEATHER: And they call them
golf cars not golf carts. I slip back and forth.
-Okay, so that's some inside lingo. -Golf cars?
HEATHER: Each of the village has a name. So we started in…
We're in the village of DeLuna. Um, but this is Richmond. There are probably hundreds. -Hundreds of villages?
-Oh yeah, they're all over the place. And it's all built around,
like, a postal center, or a swimming pool, that sort of thing.
-Okay. PETER: So Heather, you're…
and maybe some delicate language here… You don't want to call it
retirement community, right? Because you're not retired?
-No, absolutely not.
-And you're not
the stereotypical Village resident, right? You're above 55. I'm not gonna ask
but you have to be, right? -Slightly, I'm slightly above 55. I think there's an 80/20 rule. So there are younger people that live here. Now you can't have young kids here. Like a few…
If I wanted to have grandkids, the most they could stay is 30 days. And so 30 days at a time. -Would you want them any longer? -Well, yeah, exactly. -So this is a weekend.
Is it busy like this every day? -This is pretty standard.
I would say this is pretty standard. It depends on what's happening and so
everybody's traveling somewhere, right? We have a destination
but some people may be going to lunch. They may be going to shop.
-Okay. A lot of times you look
and you see the golf clubs. So they're probably playing golf.
There's, I don't know,
around 60 golf courses here. -[surprised] 60? Six zero? -Six zero, and again, 57 square miles. -57 square miles.
-Yes. -That's bigger than San Francisco. -And it actually touches three counties. I think that's a gator. [giggles] -A gator? You see a gator?
-Yeah, you can see a gator right there. -No way.
-Let me pull over. [both laughing] -You see it over there?
-That's the first gator I've seen. -Oh, what? -All right, guys, we got a gator up there
hanging out near the golf car path. Golf car.
-Yes, golf car path.
Yes. -And a home. And so do those gators
ever go up near the homes? -Some people do have a gator,
like on the front porch on occasion but it's really rare. They usually just stay
right there in the sun. Don't walk your little dog near the ponds
because that's asking for trouble, but they usually leave you alone. -Gators love pocket dogs?
-They do. [laughs] -I've seen the videos. HEATHER: So we're coming into Brownwood,
it's one of the town squares. I would say it's probably
one of the popular ones around here because it's the closest one
to the southern part of The Villages. There's one really far north
called Spanish Springs and then there's one, Lake Sumter,
which I'll take you to, but this one's Brownwood.
They'll have a theme. I'm gonna show you
this gas station up here, it's super cute. -Okay. -It's just for golf carts.
See "The Villages Filling Station", where it says golf car? -That's great. PETER: Darryl, how much does it cost
to fill up a golf car? PETER: So this is only for golf carts?
HEATHER: Yes, only golf carts. -No cars can come in here?
-No. -It is Disneyland.
-[laughs] Yeah. You see the facades of the building?
-Right. -They have sort of like a barber shop… -So how old are these buildings here?
-They're new. This is maybe… You know… I would guess 10 years maybe,
I don't know for certain. -Okay. -Maybe 5 to 10 years old. -They put some craft into this I gotta say.
HEATHER: We have our own
EMS, EMTs, The Villages but we use
local law enforcement. And the law enforcement
that we do have is great. We've used the Sheriff's department. We have very low crime here
but if you ever have to call anybody, the Sheriff's department,
they're very responsive. HEATHER: So this is one of
the larger rec centers. Eisenhower is well-known for The Villages particularly because we have
a lot of veterans here. -Yeah.
-This really honors the military service… …of a lot of Villagers. It's really beautiful.
I love to take people in to see.
PETER: Oh, wow. HEATHER: It's just incredibly decorated.
Really honors the vets. So if you go down the sides here you see
all the memorabilia people have donated. When they build a rec center
they call for donations and.. -Okay. For example, they just did
a first responder rec center and so they called for donations. Fire and police. But this is all military. -So are they doing this
to bring in veterans? They want them to move here
or it's just because… -No, it's just each of
the rec centers has a theme. -Okay. -And so there are
all different kinds of themes. There's one… There's a rec center
that honors the state parks. -Okay.
-Or the national parks. There's one that has a lake theme,
and everything is canoes, and cabin-looking,
and they just all have different themes. But this particular one
is really nice I think. -Yeah, it's beautiful. PETER: Hello, sir.
HEATHER: How you doing? HEATHER: Hi.
MAN: Hi. HEATHER: Usually you can see
what's happening and like here it's yoga.
So they had yoga this morning. PETER: So all of these community centers,
there are different events going on. -Yes. -And so people can live a very active life.
-Oh, very active. -Endless amounts of things to do? -Endless, endless.
I saw today there's fabric fun. I don't even know what kind of
craft that is but anything from cards, to crafting, to I think glass
or stained glass sort of things. People play table tennis.
-Okay. MAN: Oh no, I'm in there.
HEATHER: [laughs] That's okay. So this one is housing
a Kentucky connection. So this is just a gathering
of all people that are from Kentucky. So if you want to find people
that have something in common with you like, there's different, you know,
clubs like that. So Kentucky people get together
and talk about their home state. PETER: Hello.
WOMAN: Hi. HEATHER: Hi.
PETER: Kentucky only, right? WOMAN: Yeah, it's the Kentucky club.
We're getting ready for it.
-Kentucky Derby party. HEATHER: Oh, a Kentucky Derby party. WOMAN: Yes, it's derby day. HEATHER: Oh, it is?
PETER: Derby day. HEATHER: So is everybody wearing a hat
and they're all decked out? WOMAN: Mine's in there.
Yeah, a lot of people are very decked out. PETER: I drove through Kentucky once,
does that count? [all laughing] It was a nice drive. All right.
WOMAN: Kentucky people are friendly. HEATHER: I'm from Indiana, it's close.
MAN: It's close. HEATHER: Close enough, right?
We can peek in? PETER: And you're going casual
and all business up top. I like your style.
-That's right, see that there. [all laughing] HEATHER: Oh, this looks great.
PETER: Oh, wow. HEATHER: They said we could peek. PETER: Barb, what did we miss out on?
What did we miss out on here? -We're gonna have the derby.
PETER: "We're just getting going."
is what you're saying? HEATHER: That's exciting, I like it. PETER: What is this here?
BARB: That's where the horses run. PETER: What do you mean by that?
You have, like, little horses? MAN: No, we have big horses. [all laughing] PETER: I'm confused. It's a Kentucky thing? -Like here's the horse.
PETER: You got a horse here? HEATHER: Oh, wow. PETER: So what are you gonna do?
You're gonna go to a square here? -You get assigned to a number
and then they roll the dice, right? Then your number comes up,
you move him. [laughs] HEATHER: And then you move it, right?
WOMAN: That's right. PETER: Hello, sir. Good afternoon. You know, I love the Southern accent. -Oh yeah, I know.
-That guy had it. -Yeah, it's just like a classy…
-Growing up in the Northeast
they sort of looked down on it. -Oh right, it's like uneducated or…
-Right, and now I really… I love it. I mean it sounds so cool.
-Yeah, it's classy. Yeah. Hello. HEATHER: So the funny thing is…
Okay, this looks really amazing. Imagine this everywhere.
-Yeah. Like, they're doing things
all over the place, all the time. Pardon me.
PETER: Hello, sir. MAN: How are you?
PETER: Good luck tonight. MAN: Thank you. WOMAN: It's 10 a person. PETER: Now we're talking money here, huh? HEATHER: Yeah, how much? PETER: What's the name of your horse?
WOMAN: Um, Belinda… Oh my God.
WOMAN 2: You named it. WOMAN: No, uh, Kentucky Derby Bourbon.
Belinda Bourbon. HEATHER: Oh, she's got bourbon.
PETER: Belinda Bourbon? -Yeah, that's her name.
We gotta fix it. [all laughing] HEATHER: This gator's big.
He's pretty famous.
Everyone likes to take his picture. PETER: So that gator just
comes up here onto shore and hangs out? HEATHER: Yep, he stays here generally. -How far will a gator
run away from the water? -You know, I don't know.
I don't want to find out. [giggles] -You just have to run faster, right?
-Exactly. -All right, while The Villages feels
very pleasant, nice and calm… There are threats. That's a serious animal
you do not want to mess with. And then a nice game of golf
in the background. PETER: What do you think these homes cost? HEATHER: Okay, those are
probably 600, 700. -So do people stick to their villages? -Not necessarily,
there are a lot of communities. We're really big on driveway parties. They have food trucks coming,
they have a live band.
Like yeah, they go all out. -So it's not a lonely place out here?
-Oh no. Oh no. We have so many friends all over and um… -And you've only been here three years?
-Yeah. We're gonna go under a tunnel now
because we're going under a main road. There are tunnels all over The Villages to get you from one side
to the other safely. PETER: Okay, there's a similar theme here
from the last place we were at, yeah? -Right, right, these are both
the larger rec centers but you'll notice an entirely different
theme when you go inside. -So do you pay a massive HOA fee
to be part of this? -No, it's…
Well, some would argue it's massive. It's less than $300 a month. And I get unlimited golf
and all these activities. -Are you serious?
-Yeah. -That pays for all of this infrastructure?
-Yes. [Peter perplexed] Huh.
-That's way cheaper
than I thought it would be. -Yes. HEATHER: Now there may be some things,
like we just saw the derby party, and they, you know,
maybe pay $10 for your food or something. -Okay. -But generally all these activities
are all baked in. -Okay, this sounds serious. [Heather giggles] They're playing… [chattering and dice clacking] Bunko. -What's Bunko? -It's supposed to be, I think, a dice game. I don't know how to play it actually
but it's a real social game, and so you can…
-There's a lot of focus here.
-Yeah, there is a lot of focus. There's probably a big prize. [dice clacking] HEATHER: See it's an entirely different
sort of vibe in here. -So each one of these
community centers has a different feel? -Yes, and The Villages
really goes all out to decorate. I mean you can tell. -Okay, so let me understand
the business model because I don't. -Right. -So the developers,
whomever started this bought a ton of land, and they made a lot on each plot sold.
-And they keep buying, right? So it started in the '80s.
It's family-owned. -This family, the Morse family started it. I should say I'm not
a representative of The Villages. -Okay, sure.
-So I'm telling you what I know. But they started in the '80s
and it started with mobile homes, and so the northern part is all… Well not all because some of
the mobile homes have been pulled off and regular homes have been built. Now the new homes
like where our home is, we have to pay, I don't know what it's called
but we do pay a fee. It's a bond. That's what they call it
when you buy your house. -Okay.
-So our house had roughly a $25,000 bond. You pay it over the life of your mortgage
or if you pay cash then you pay it over X number of years.
So it's, you know… -So there is something extra in there?
-Something extra. -Okay.
-Now a lot of these homes up here… …have already paid that off.
-Okay. -So if you buy a home that's preexisting,
you're not paying that. -Sure. Oh…
-You just pay the $200-something a month. We have an app and so if you're interested
in trying to find what's happening you just go to calendar and then, okay, so I wanna know today.
What's happening today? So there's just
activities constantly, you know? Swimming starting at 7:00 AM. But I want to, say, what… I want to know at Brownwood
Paddock Square, what's happening today. There was a farmer's market at 9:00.
-Okay. -And tonight,
Rocky and the Rollers are performing. So everything's on the app. You can find out where
you can play pickle ball… where you can do crafts, anything.
-Okay. Just so you guys know, this is not
a promo video for The Villages. Nobody paid me.
-[Heather laughing] No. -You don't work for The Villages.
-I'm not an official spokesperson, no. -You're just fired up on living here.
-You bet. -And you reached out and said,
"Peter, I want to show you The Villages." Because it gets a lot of bad press, right?
-It gets a ton of bad press.
A lot of people think we're all, like,
hardcore conservatives, or Trumpers… …and we're not either.
-Okay. -I mean there's there's
a variety of people that live here. All walks of life.
-Okay. I can tell you what I feel so far. I feel a very happy environment
energetically, people seem very happy. -Yes.
-And to see old people like that… …together, smiling, doing something,
using their minds with the dice game… -Right. -I can't see what's wrong with that.
-Right. -Like what's better that or living
in a home alone like my grandmother? -Exactly.
-She was alone in an apartment.
A dark apartment.
-Right, yeah. -Without anyone around, you know?
-Right, exactly. I think COVID really opened our eyes
to being able to live some place like this and still work or even buy into
a community like this for the future. -You're not retired, Darryl?
-Nope. DARRYL: We're that close.
PETER: That close, okay. -Maybe by the time the filming ends. -By the time this video is posted. DARRYL: But like Heather said,
there's 140,000 people here, and probably 100,000 of them
feel like they're on vacation. Living here?
-Yeah. Everybody's just having
a great time, everybody's friendly. -Is it because you're sort of
all in it together in a way? Like everyone's sort of
bought into this life and you're here for each other
maybe in a way? HEATHER: Right. DARRYL: One thing I did, I was
looking up something on the forum, they have a Villages forum where you can
go ask questions about different things, and there's things like
on the Facebook where we live, different communities
where they have Facebook groups, and on that you'll find
people just post something, "I need a ride to the hairdresser."
And people will just come, and pick you up,
and take you wherever you need to go. They're just like
the friendliest people here. -So is it almost like the US
you would think of, like in the '50s? Where the neighborhoods
were super tight and everyone would help? I mean that's just my thought
of what it would be like… -No, I think it's true.
I think it's true. You know, when we bought our house, just like maybe would have happened
years ago, people brought us cookies, and came and greeted us,
and invited us over. I don't have that where I lived before. I mean it is sort of like
a step back in time. All right, guys, the camera is
definitely not covering the distances that we're traveling. 'Cause I have it off a lot of times
but we are, I don't know, an hour… Hour and constant cruising
from where we started and so it's just community center,
after pool, after golf course.
And I guess we're going
to a town right now. The town we're going to has a full-on bank,
and Starbucks, and everything? -Oh yes, absolutely.
-In The Villages? -In The Villages.
-Okay. -Oh, you don't really want for much,
it's all here. It's all contained within the villages. -Yeah, I was just saying
we've probably been on that golf path for an hour, hour and 20 minutes.
-Probably, yeah. -Consistently,
and we've seen a fraction of it. -A fraction of The Villages. So we're gonna come up on a town,
and there are a few towns. We call Town Square,
the one we're going to next is probably in the northern part. What I call the northern part
of The Villages. More of… Not the original
but pretty much one of the original. But then there's so many more
down south and they're changing the style. Like the one down south that they
just built has a food court, you know? Like, they didn't have
a food court in the '80s… …when they built here, right?
Let's do a test here, we have to go
through our separate doors. -[giggling] That's right. We gonna race? -And we'll see… We could race,
but we'll see if the mics work. I'm gonna keep talking to you.
-Oh. My question is this before you go…
-Okay -Does it change, the older places,
older people, and the newer places, newer? -A little bit. A little bit. Not necessarily, but yeah.
-Keep talking, Heather. -Ready? Here we go.
-Okay. -All right, we'll see
how good these mics work. [Heather's voice echoing]
The more north you go in the older communities
you're gonna find older individuals, but as a younger person
I could buy a pre-owned home.
-Can you hear me? [giggles] I can buy a pre-owned home
up in the older areas if I want. So as a 57 year old,
I looked at pre-owned homes up here. -Okay. -Just because I like
some of the activities in this area. So I might have chosen to live up here
even though probably stereotypically it's a little bit older community. -Now is there ever a tension
between the true OGs that have been here for a long time
and you newbies coming in? -Yes.
-And especially since you're a lot younger.
-Some tension? -A little bit of tension. They want The Villages to stop expanding. -Okay.
-People say… "I thought The Villages
was going to stop building at this point." "I thought they were gonna stop
when they had 100,000 people." "I thought they were gonna stop
when they hit 44 but they keep building." and so some of the original folks
are, like, a little grumpy about that. How big does it need to be, you know? Because we do share restaurants
and we share doctors. -It's the mentality like,
"I came here now no one else."? -Yeah.
-Which you see in all sorts of communities.
That's a problem all over the country.
-Really, I think that's pretty common. But, you know, you're sharing. Like I said, everything's here
in the villages, your bank, your doctor, everything is right here. So if you keep adding people
then you gotta share… -Your doctor's offices are in the villages.
-Oh, sure. -Hospitals?
-Yes, The villages has a hospital, yes. And it's associated with
the University of Florida. So it's a quality hospital. -Okay.
-Yeah. -So do you think there are people
that actually never leave here, ever? -Yes. -You see how
beautifully manicured everything is… …and the flowers are gorgeous.
-Yeah. -Well those are annual flowers,
and so when they get a little tired, they'll come in and they take them all out,
and they plant all new flowers. So everything always looks perfect. If you see a branch, a palm leaf down,
it doesn't sit for long before it's picked up. -Where do all the workers live
that keep this place together? -That's really one of the…
That's kind of the rub, and that is why The Villages is building
their second school. In order to attract enough workers
to service all the residents they really have to have other amenities, and so there are neighborhoods
you can live in if you work in The Villages. So there are special… Like my niece lives
in a neighborhood that's for people associated with The Villages. She's in her 30s. -So there are, wait…
There are worker neighborhoods here? -Yes, in the surrounding… Outside of The Villages
but very close surrounding and they're actually building
a multi-generational community. So right now everything you've seen is
a 55 and older master plan community. There's a charter school
up here near where we are and it's very popular,
and you can only attend there… My understanding,
and again, I'm not official word on this, but my understanding is
you have to work in The Villages or have a certain service level of a job.
Like maybe you're a cop
and you support The Villages. Then your kids can go there. It's very sought after. And so now they're building a second one
in the southern part of The Villages. It's called Middleton.
It's beautiful. But in addition to the school they're
finally building multi-generational. So family-style homes. And that will be interesting. So it won't just be 55 and older. -Do you ever see any golf cart…
Sorry, golf car crashes? -Yes, my understanding is there was just… There were two in the same day
maybe like a week or two ago.
So it doesn't happen very often. We're not wearing them but we have
seat belts if we wanted to wear them. So at top speed I'm going
21 miles per hour right now. That's about normal. -I bet you get a lot of
drunk drivers out here. -You do. One of the ponds, the retention ponds,
or little lakes that we passed today, after a night at the town square,
I'm told when the bars closed down, somebody was driving home
in a golf cart, and missed their turn, and ended up in the pond. And then she couldn't really tell… She called 911
but she didn't know where she was. She missed the stop of a golf cart path. She was in the water
but she couldn't tell them where she was.
[both chuckling] So it happens.
-Villages life… -Oh yeah, oh yeah. HEATHER: A lot of this is newer.
PETER: It's like a Hollywood movie set. -It feels like a little bit.
-It really it. It really is. But you'll find restaurants, gift shops,
furniture stores. -Can someone from
outside of The Villages come here? -Yes. There's some live music going on. PETER: Is that where
all the swingers hang out? [Heather giggles] -No swingers, there's no swingers. Well there might be but in my experience…
-You think these guys are swingers? -Thank you…
[both laughing] HEATHER: I don't think so. [laughs] So we have, you know,
obviously AT&T, we've got Starbucks. -Oh, wow.
-We have all of the normal things here. -This is a bit like The Truman Show,
you ever see that? -Yes, I have heard it
described that way before. -So you don't have
a lot of the problems cities have? No homelessness obviously, right?
-Definitely not. Definitely not. -Crime?
-No, no crime. I mean I'm sure… -Maybe some domestic stuff happening. -Perhaps, and, you know,
maybe some drinking and driving, but I have heard people
accidentally take a golf cart because the keys sometimes are universal.
So people will take home
the wrong golf cart. -Sure. -And so then it gets reported as stolen. But we're gonna go
to this little lake over here. There's a parking style. So if you're in a golf cart
you do double park in a single car spot. So two cars if you go in like this. -Wait, I feel like you got
a bit too much space there.
No? -It's a little bit.
Little bit but it's okay. -You gonna get called out?
-I might. [giggles] It's very possible. Villages also has their own radio station
which is right… It's a house right there.
Of course… PETER: "FM 102.7"?
HEATHER: They play oldies. You can hear it playing out here right now. -Oh, the speakers?
-It's playing, the speakers everywhere. ♪ soft rock playing on speakers ♪ HEATHER: So there's some gorgeous
high end golf course homes over there. -Okay, out there?
-Yeah. Really beautiful homes. PETER: There he is.
[Heather giggles] PETER: Looking highly stressed-out. [both laughing] -Oh yeah, there's
an ice cream shop right here. -How are the costs with, say,
ice cream shops or the restaurants? -It's pretty normal, you know,
you'll hear people complain. We have different grocery stores,
Publix, Winn-Dixie, the usuals. Sometimes people complain
the groceries are high but I think it's just relative, I mean… ♪ Electric Slide playing on PA ♪ PETER: Oh, there the ladies are.
[Heather giggles] He's hitting on 'em.
This guy might have the moves.
DARRYL: He's got it. PETER: You guys aren't retired are you?
MAN: No, still gotta work. We live in The Villages but… -I think you're the one people
I've found younger than me. [all laughing] -Yep, there ya go, there ya go. -You never know, we might just look young.
-That's true, that's true. [all laughing] MAN: I saw something on Facebook
today about the loofas and all that. Most people who live here,
we just laughing because, man,
I don't know about all of that. I suppose people do whatever they do,
but for us, everybody's so nice, man. The neighbors here, my neighbors are cool. -So I came in today thinking
it was only a retirement community. -Oh man, I got people on my block,
we live in Richmond.
Which is the southern end
of The Villages, right? I got 40-year-olds on my block,
50-year-olds on my block, and then you got
70-somethings on the block. So it's a good mix of people. I've got neighbors
that are 75, 80 years old. Right?
-Right. -And last night we had them over
to our house with a couple other couples that are older than us, you know, all that,
and they were texting me this morning, "We had a blast."
We're drinking wine, we're having snacks.
You know, all that,
sitting out on the back Lanai. Four hours, just having a blast. So definitely a sense of community. You cannot be bored. My 23-year-old son, he's convinced
that he needs to move here, right? -[Peter laughing] Really? -He's 23 and he's like,
"Man, I need to move there, dad." He absolutely loves it. So, nah… What's not to love?
People are smiling all the time. If you're not happy here,
you can't be happy anywhere. It's not the most
diverse place in the world in terms of racial ethnic diversity, but when I came in here
on a lifestyle visit and I started talking to
some of the minorities that were here they all said the same thing, "Where they been
hiding this place?" right? And so nobody said a bad word about it. And so, you know, we just fit in.
If you're nice, I don't care
what your racial ethnicity is. That doesn't matter to me
as long as you're just good people, you're smiling and enjoying the life. People talk about red, blue, whatever. It's whatever, you know what I mean?
We still gotta live life no matter what. So I don't care… -Does it matter when you're
out here like this? Look at these ladies. -Yeah, like…
-All that stuff seems stupid at this point. -All that stuff don't matter. I'm always having my camera out videoing just because I love to see
people having a good time. So I guess it allows you
to be free in that sense. To be old and feel okay to get up
in the middle of the day, and start dancing? -And there are people
that live for that, you know? -Oh, I bet.
-They live for it.
-Imagine if you can't really drive anymore
but you can handle a golf cart. -Right. Sorry, golf car.
-Golf car. -And so that just opens up your life.
-Oh, yeah. -Come down here
with your friends for a restaurant. -So there will be a band here
in just a couple hours. People… You can see some people
already have their seats. It's probably their favorite band. Some people bring lawn chairs
but this will be a dance floor here. -It's gonna be packed?
-Oh, it'll be packed. -And so with the bands, it's all free?
-It's all free. And so one of the things that people… You know, you're reminded
that people can come in from the outside. They're not all Villagers…
-Okay. -…that will come here for the band
because "Why not?". It's a free band and you can go out.
-Sure. ♪ Kid Rock ♪ PETER: I wouldn't have thought
at The Villages they'd be playing Kid Rock on the radio.
[Heather giggles] -You know, there's a lot 50-somethings,
40-somethings still down here, yeah.
-I can imagine the 80 year olds
just having trouble with that. No? -Um… They don't seem to.
I think that everybody that's down here is young at heart. -Oh, there we go.
I like it. So what is this, "McLin Burnsed"? -So interestingly enough
you have a lot of retirees. So you have a lot of financial planners
and those sort of things. -Okay. -Law firm?
-Yeah, attorneys, insurance. So this bank down here
is The Villages Bank. -The Villages Bank? -So my understanding is it's owned
by the family that runs The Villages, the Morse family. -Okay.
-And so it's a little bit different. -We worked with them in
purchasing a house and it was really smooth because, again,
they're part of the community. Within The Villages you can find
a B of A, and Chase Bank, but this is actually a Villages-owned bank. -So Citizens is The Villages bank?
-Yes, Citizens is The Villages bank. So if you buy a home here… ♪ "Rockstar" by Nickelback ♪ [Peter laughing] Okay, if I hear Slipknot, then I know
something's going wrong in the Matrix.
-Okay, so I was saying,
some of these are original buildings. Yeah. -This is an original building?
-Yeah. So there's, like, a preservation society. Some of the buildings around here
are original. -So do they have better interest rates?
What's their deal? -Well I think their
customer service is better and I found them to be
a little easier to work with. Yeah. -Buying a house here,
you have to get two realtors? -It's recommended, yeah,
that you get two realtors. So you get an MLS realtor
because some houses are in the MLS. The typical systems, Realtor.com
-Sure. -But you need a Villages realtor too
because some houses are just listed through the villages. So they're realtors
that are employees of The Villages and they have certain listings. So you can't see…
They can't show each other's houses.
-Okay, that's a little clunky.
-It is. -So as a buyer…
-Right. -…you're dealing with two realtors.
-Yes. -If you want to get the full view
of what's going on here. -If you're buying a pre-owned home. If you're buying a brand new home
and a lot people are. There's tons of construction right now. We had some flooring installed and our… The flooring guy told us
that he just signed a contract to floor 5,000 more houses
that The Villages is building. So they're building like crazy. Those new homes, you can only buy
through a Villages realtor. PETER: Do you think after year 10
you'll step up to something like this or… The Bel Air?
-I would love something like this. Oh, I think that's got a back seat too. Oh, that's great. ♪ disco ♪ -[woman on PA speaker]
Taking out the disco, let's go. PETER: So now you feel like
you're in a suburban town as far as businesses, right? Barnes and Noble.
HEATHER: Oh yeah, everything you need.
Right, Barnes and Noble. -Like, a big one too.
-Right. We have Walmart in The Villages. -[Peter intrigued] Huh.
-Yeah. PETER: And these carts out there. -So this is a golf cart store. So you can buy…
-Did we pass this earlier? -This is a different one.
-It's a different one? Wow. This is the third one we've passed.
-Oh, yeah. Oh yeah, it's a big business. You can custom order your golf cart.
A lot of people do that. -How much does a nice golf cart cost? -Um, if you were to get a decent new one,
brand new one, probably $12,000. Some of the ones you see
are more tricked-out are 35. -Like that Bel Air one we just saw?
-Oh yeah, that was probably 25, $30,000. Yeah. ♪ mellow jazz ♪ HEATHER: So this is back
where we started with the gas station. But we only turned and went this way. So you haven't seen any of this up here.
-Okay. Is this the town we're going to?
-This is the town. -Okay.
-This is just like the one we came from… …only again, different theme. That was all, like, Key West theme,
this is all Western. PETER: So Heather, bit of your back story, you just took a job in Daytona Beach…
-Right. -Yes, in higher education. -What university in Daytona Beach. -Embry Riddle Aeronautical University.
-Oh, very cool. -Yeah, it's a really highly ranked
world famous university. -Yeah? [live band playing in the distance] -This is every weekend night or what?
-Every night. -Every night?
-365. PETER: So in a way it's come across
as a puff piece today. It's been very positive.
-What are the drawbacks?
There have gotta be some drawbacks… …or you haven’t felt them yet?
-Hmm. Yeah, no, I'm pretty content here. I… You know… We need to meet some more people
as a part-timer. We've met our neighbors but we haven't
been able to get involved with a lot of clubs and things yet. So I'm looking forward to that. ♪ live band playing oldies ♪ Okay, now we either need to find a seat
or we have to go to the dance floor. PETER: Dance floor. ♪ band playing "I Fought the Law" ♪ PETER: She's here every night, and she,
like, usually dances towards the crowd. Like, kinda puts a show on. PETER: Transgender, yeah?
-Yeah. [song ends and applause] ♪ "Worst That Could Happen"
by Brooklyn Bridge ♪ WOMAN: Is it what you thought
it was going to be? -No, I thought it was pure retirement. There's an awesome, like, positive,
vibrant energy here that I didn't expect. Yeah, because
the first time I saw it I thought, "This is too Disneylandish."
-Yeah. -But then, like you said,
once you are here and you get the feeling of, "We're here to enjoy
and not care what everybody thinks." -Yeah.
-I hear criticism.
People say, "You guys are hedonistic." It's most people here have worked
their entire life and it's just that you're now relaxing. That's all it is.
You're just relaxing and enjoying life. Tons of volunteer work goes on around here. A ton of it. People are still giving back
but you're just trying to relax. My job was very 24/7
and so to not have to… Although it is difficult to slow that down,
once you do, you find out, "Oh, life is not so bad." WOMAN: Have you been to Indiana?
HEATHER: Oh yes, he's been to Indiana. -Just checking, I'm from Indiana too.
-Of course. MAN: That's not what
your name tag says. -Well I was born in Louisville. PETER: You were trying to get in
with the Kentucky club earlier. -No.
-No? -Huh-uh. -But you're from Indiana?
-I'm from Southern Indiana. Born in Louisville, Southern Indiana
is right across the bridge. Back, forth, back, forth,
back, forth my whole life. [inaudible] Especially today when they're singing
"My Own Kentucky Home".
And I'm down here
listening to Rocky and the Rollers. [Heather laughing] PETER: Are we gonna get you
on the dance floor? -Only if I get fired. [Heather giggling] ♪ band playing oldies ♪ [music slows down] [music fades] -All right, guys. Few final thoughts here from The Villages. When I told some friends
I'd be coming here last week one of them said, "Isn't that just
a swinger's cult out there?". Another, I won't name who… Uh… Laughed and looked down
upon the place as if, "Ugh, those people down there." So what I'd like to leave you with
in this video is we all get used to making labels on things. Um… Say, Villages is this or…
Whatever is that. And then onto the next bit of information. But really there is usually
a lot more to it than we think. So take any form of media. My form of media here for what it is. I met one person, a few people today
and that's the story I ran into. Are there problems here? I'm sure. Is there all sorts of things going on? Well, you have 140,000 people. Of course. Humans are messy. But take this story today as… Well, maybe things aren't
always what they seem. This could be your nightmare
living in an area like this, or your dream. We're all different. But understanding
where people come from is… Well, in my opinion, number one. That was a lot of fun today. I enjoyed it and it definitely
opened my eyes up a bit. 'Cause I didn't think it would be… Well, this positive,
this great of an energy. A happy vibe out here, and I think it's
ticking some boxes for people. Such as security, community,
entertainment, happiness, and I can definitely see the draw to here.
All right, guys, thanks for coming along. Until the next one. ♪ upbeat jazz ♪.Read More
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did you know that whole life insurance is
an extremely powerful asset that can be utilized before retirement and then also
in retirement the cool part is it solves different problems at different times in your
life so for this video I'm going to go through all the ways that you can utilize whole life
insurance before retirement as you're nearing retirement and ultimately in retirement and as
you pass on to the next Generation so before I get into this make sure you subscribe hit
the Bell that way you're notified every time I launch a new video launch of videos
like this every single day let's get into it hey what's going on cash flow hackers it's Chris
with life180 for this video we're talking about the power pole life insurance how it can work for
you before you retire how it can work for you as you're nearing retirement ultimately while you're
in retirement what are the different ways that you can utilize whole life insurance in your life at
all these different stages to benefit you and help you reach your goals faster help protect you help
you live the life that you want to live I know that sounds like a bold statement to have all this
stuff being done for you in one simple product especially with a product that doesn't have that
much hype and it's very straightforward and no risk in it and all this stuff so it maybe sounds
too good to be true but I'm telling you right now we're going to get into this and it will make a
lot of sense so without further Ado let me just do this let's uh I'm gonna put my chair up there and
let's just get into this so pre-retirement let's talk about pre-retirement I talk about this a lot
because I think it's one of the most important things for people to understand before you're in
retirement as you're building your family maybe you're starting your family even before you start
your family this is an important area to consider the first thing that we need to do I always kind
of say if you want to be a good investor you need to save before you invest and you need to in
save with the intention of investing when you invest you need to invest for cash flow the only
way to do that is by first and foremost setting up your financial structure proper Lee and making
sure that you have an emergency fund in place I'm a big believer that we need to have two years
of Safe Money two years of our income in safe money for emergency and opportunity so that's the
other way I got down here I jumped ahead of myself an opportunity fund which is what we would call
infinite banking now I know I utilize infinite banking a lot we talk about the infinite banking
term a lot that's a marketing term utilized for leveraging and properly designed whole life
insurance contract now I think what I what I really want to want to impress on people for this
is that this concept of infinite banking here only gets implemented once you have the
emergency fund checked off right that you cannot Implement private banking or infinite banking or
cash flow banking until you have your financial Foundation set which is your emergency fund so I
say people should have two years of income in an account like this in a properly designed whole
life insurance contract because of the fact that one of those years is for an emergency
phone because the average time it takes for somebody to find a job is one month for every
ten thousand dollars of income and so if you're earning a hundred thousand dollars a year then
you need to make sure that you have 10 months of income and that's average right and you know
what it what it comes down to is I guess if you make less you don't need quite as much you take
that do what you want with it at the end of the day having more money uh than you think you need
an emergency fund is just going to protect you and if you have too much use it for an opportunity
fund use it for private banking whatever you want to do that's a great thing now private uh I
mean protecting your family obviously a big deal um I've had a lot of conversations lately and
it's it's crazy um when when you start having these conversations with people and it becomes a
regular occurrence you know people are reaching out and they're they're trying to get insurance
and I connect them with my team and uh the common story that's been happening over the past month
maybe a month and a half is people who are wanting insurance that can't get it people that had term
insurance and it's expiring now they're having health issues and they don't qualify for insurance
anymore and they have kids or maybe their kids are gone but they have a spouse that they want to take
care of or they have debt that you know now that they're they're not qualifying that that their
their family is completely exposed and at risk and they followed the Dave Ramsey plan of just
buying term and investing the difference but now they don't have enough invested because they
didn't like have a structured enough plan to do it and then uh even if they did their their
need for the having the the insurance to cover their debts and to cover their mortgage and to
cover their income if anything happened to them uh simply isn't there and and they're not able
to qualify for us so making sure that you on a guaranteed basis have your family protected is a
big deal utilizing it for business reserves I'm an entrepreneur I love entrepreneurs I love working
with business owners having access to business reserves having a buffer I I I was reading an
article going back to 2008 in the in the Great Recession right which I think we're coming into
a very similar time but going back to 2008 the Great Recession 74 businesses 74 business 74 of
businesses that failed were actually profitable businesses as a whole but it was just they didn't
manage their cash flow properly and because of the fact that these businesses had downturns in their
cash flow for short periods of time we're talking six months they didn't have enough cash flow and
they didn't have enough reserves to be able to weather that storm so those profitable businesses
otherwise had to be liquidated at Pennies on the dollar because they didn't have business reserves
so things are going still relatively well for most businesses my encouragement if you're a business
owner start thinking about this get as much money put away into business reserves as possible use
the sunny days to prepare for the rainy days and I think you'll be well benefited it from that
utilizing is key person insurance this is a really important thing we call this golden handcuffs
we call this a lot of different things but if you have once again you're a business owner
utilizing it while you're working if you're an entrepreneur this is a way that you can utilize
it to protect your business interest to protect your business partners it's a way that if you
own a business and you have key employees that are vital to your business to insulate the cash
flow of that business and protect it is to ensure and keep people that work for you that way if
anything happens to them it doesn't disrupt your cash flow it protects the health and the
longevity of the business plus you can utilize a policy as what we would call golden handcuffs
because it comes with benefits of the cash value right and you can utilize those benefits with a
vesting schedule to make sure that really talented people that you would want to hire don't leave you
preemptively uh for the competition and if they do that money just kind of becomes yours and that's
good good now living benefits this is a big one um it's not as often that this happens when
you have uh are in your younger years and have a family but living benefits if you become
chronically uh ill if you become a critical care need critical care or if you become terminally
diagnosed with something you have access to your death benefit while you're alive for alternative
Medical Treatments or for whatever you want whatever you deem appropriate for you and so I'm
going to go over here now and get into retirement post retirement because it's a really important
thing we start with this because this obviously becomes more applicable as we get into retirement
right so as we get into these retirement years that's a big deal we start talking about the fact
that it's inevitable that we're going to have some health challenges in retirement if we live
long enough so having access to this uh benefit inside of a whole life policy is huge and that
is a benefit that you're not going to get with term insurance when that's gone then you have to
if you don't have these living benefits in your whole life policy then you have to spend money
on other things like disability insurance even more disability insurance I wouldn't say that you
should replace disability insurance altogether or long-term care necessarily altogether if you
were able to plan long enough uh far enough ago long enough ago but the bottom line is most
people didn't and so maybe as you're reaching retirement and you're thinking to yourself wow
long-term care now I'm retiring in five six years long-term care is really expensive I don't think
I can afford it uh disability insurance is not going to get me anywhere as I hit my retirement
years so what can I do to help prepare well having these living benefits if you're kind of hitting
that straddle era where you're kind of 10 years or so away from retirement this can be a great
way to help you accomplish that by utilizing these abrs that can solve many needs for you utilizing
life insurance is a volatility buffer I talk about this one all the time it's one of my favorite
topics to talk about that markets here I'm going to just come over here real quick markets go all
over the map right so I'm just going to say let's say you you started and your account value is
here and if you start and the market goes up and you're taking income and income and income and
income every year and the Market's going up then you're good but there's a thing called sequence
of return risk right so what happens if like it's 2008 or 2020 in your first year retirement in the
first year you're retiring you're having to take income and the Market's going down so you have to
liquidate negatively performing assets that's the worst thing that you could possibly do right is to
liquidate negatively performing assets and so what we do is we have whole life becomes a volatility
buffer so if you have this going into retirement and the Market's not going up instead it's going
down well instead of liquidating negatively performing assets at this point in time you're
going to use whole life insurance for your income in down years that way it can recover and you only
take income out of it while it's performing well that helps you uh ultimately eliminate a lot of
the longevity risk and the volatility risks and and all the things that go along with that and
that is a really powerful powerful strategy that honestly you need to have a guaranteed liquid
accessible account that can play that role for you in retirement otherwise you're going to have
problems there's no way around it so the next thing is uh tax-free wealth transfer let's face
it it's death benefit right the life insurance component of the whole life policy is going to be
passed to the next Generation on a tax-free basis that's important to understand most accounts are
going to have tax ramifications wealthy people understand that they don't want term insurance
they want whole life insurance because they want this to be there on a guaranteed basis when they
die because they want to make sure the government gets as little of their money as possible and they
get tax benefits and the money more of their money goes to their errors than the government and
that's what having this is all about ultimately when you have a whole life policy it helps reduce
the longevity risk longevity risk as I said is the greatest risk of all in retirement because the
longer you live the more chances you're going to have health risks the longer you live the more
chances you're going to have Market Cycles ups and downs ups and downs and so you're going to
see these down several times in retirement right so you know that the more chances if you live for
30 years in retirement you're probably going to see three times where it's down so the need for
that volatility buffer is even more important the longer you live the more important this volatility
buffer is right the longer you live the more important the living benefits are because the
more likely it is that you're going to get sick the tax-free uh benefit is going to be there no
matter what but at the end of the day whole life insurance will be there with you at every phase
of your life it'll help you as you're trying to build wealth it'll be an emergency phone it'll be
an opportunity fund you can leverage it to invest in things like real estate and other cash flow
assets you can use it in retirement and it will help you get living benefits it'll give you the
tax-free advantages it'll give you the volatility buffer it helps like flatten out the risk so to
speak in everything that you have going on and so my encouragement to you is if you haven't thought
about what a whole life policy could look like for you as a holistic perspective in your financial
plan right then I would encourage you to really contemplate it really take a look at at a really
kind of decoding do you have enough safe money or are you super exposed to risk especially in a
time like today where we're seeing uncertainty in the banking institutions that we're
seeing uncertainty in the world in general political risk inflation risk taxation risk
the the debt risk in this country it's it's crazy and so you need to make sure that you
put your money into place and you have some money at least allocated in a place that
you have guarantees that will provide all the benefits that we just talked about so if you
haven't already make sure you subscribe to the Bell that we're notified every time I launch
a new video if you have any questions at all come in the comment section below I do my best to
engage with every single comment personally it is me who is responding to all the YouTube comments
I don't give that to anybody else I take that on very seriously so hopefully you found this value
this video valuable if you did please share it with people be honored to have you uh share it and
like it and get it out there the YouTube algorithm loves it when you do that so until next time have
a blessed inspirational day we'll talk soon see ya
the first year of retirement isn't always the dreamy Escape many people imagine no it's not maybe one of the most significant transitions in your life it was for us and it probably is going to be for you and that's because it's filled with all the unexpected challenges roadblocks and adjustments you have to make in this new pH and I think it's really important to understand that if you fail to navigate this first year you might find yourself questioning your entire decision to retire and today we're going to give you some strategies to feel empowered to overcome any of the struggles you might find do we ever feel like we made a mistake and we should still be working I do sometimes do you I do back in your corporate life I oh my good I do I know but listen and I'm sure some people do maybe but if you're new here I'm Mark Rollins and this is my wife Jody Rollins we don't focus on the financial aspects of retirement but rather life lifestyle Health relationships and more and we're so happy you're here today and it really would be helpful to us if you could share this video with anyone else that you know or care about that's in their retirement Journey too and you know join our free Facebook community at retirement transformed we go live each week and offer guidance support strategies to make this chapter the best it can be so before we jump in I want to remind you that this first year of retirement really sets the foundation for all the future years to come so you want to be able to equip yourself with the knowledge that you need you want to stay proactive and embrace this new Journey with a lot of confidence you know we know dozens of people who are floundering in this first year of retirement and it's really not pretty to watch I was at a bridal shower this past weekend and a woman across the table from me said um you know I heard her talking to someone else and she said I'm terrified and I thought oo this will be an interesting conversation we're at a bridal shower I'm not sure what there is to be terrified about but she's a teacher and this is her last year so in June she's done done after 35 years of teaching the third grade and she said I'm I'm literally terrified I don't know where to start that is scary and it it's scary for everyone I'm not saying it's scarier for a teacher or doctor whatever but if this is all you've known and you know teachers have a special kind of thing they they work from the middle of August through the end of June and then I have the summer off right and you do that for 30 40 years right and it's a routine that you're comfortable with and you get enjoy it you get fulfillment right what do you how do you feel that so the first year is really really important to get that right my dad screwed it up big time I mean he without a doubt he's a good example of someone who made a lot of mistakes in his first year and I you know I I tell people that retirement actually killed my dad because he just didn't know how to get through this first year and set himself off in a spiral which yeah he was he was unprepared and a lot of people do enter this phase of their life maybe prepared financially but unprepared emotionally and with all of the kind of red flags that start to come their way you know your dad really just couldn't reinvent himself he lived in the used to world yeah it was it was bad but you know we do know plenty of people who think this phase is easy and for some people they actually make the transition smoothly but for others like my dad you know like I said it can actually kill you if you don't really get it right so we should cut the mystery and jump into what people really struggle with yeah and I think the first thing we see in people that we know and clients that we have and talks that we have given as well as the research that we do is this major loss of identity that hits you probably a week or two after you retire ire yeah and for a long time whether you're a teacher or a doctor or a lawyer or an insurance agent or a corporate executive we derived a lot of our selfworth from our job roles right I mean that's just the way it was and it you know when you first got out of college and started your job it was one thing but by the time you ended up you were at a much higher very senior level in your company and that was your identity and when that identity no longer exists you really find yourself in a strange danger zone right you know without an identity in retirement you can have feelings of worthlessness and and really have a hard time finding your purpose and passion so it's really a reinvention of source so in your first year this is going to happen you're going to lose your identity and you really need to start thinking about creating a new one you don't want to go too long like my dad did and spend the next 10 years holding on to or feeling sad about losing your identity you want to make a new one it's really really important now the other thing that people struggle with in the first year of retirement is financial concerns and that's normal right because you're moving from a time in your life when you have a steady paycheck or an expense account or whatever it might be health insurance all of that is just coming at you automatically yeah and then it stops it does stop and then you have your nest egg and Market volatility can add to your stress you know if you've planned properly up to that moment but then have to make different financial decisions moving forward maybe riskier or less risky Investments depending on you know how you're advised you find yourself in a little bit of a budgeting process that becomes really crucial to how you're going to live this first year well it's a good point and we spend 30 40 Years of our life accumulating assets right just adding to it adding to it adding to it 401 okay whatever it might be but then that stops and now you go into this new phase called uh decumulation where you're actually taking your savings and your assets and living on that and that is mentally is a really hard financial concern so in the first year you've really got to make sure that you figure that out and get comfortable with it and have a good plan a good financial plan or you know really nail your financials yeah really and then you know we hear a lot from people you know that they're bored they're bored in retirement you know they don't really have a routine that they can stick to and they really struggle that first year getting away from you know the the structure and accountability that they had with their work days just this morning I was down watching the sun come up and I ran into my friend who retired a year ago and he keeps himself busy but you know I was checking with him and say how's it going cuz it's it's okay it's okay how's your you know how's your new uh career that you're doing he's a he's a writer now and he's writing he said well it's interesting you know I watch you guys on YouTube and you talk a lot about um having routines and I find that it's easier not having a routine which it is but then he doesn't do what he wants to do which frankly is harder if you don't have some routines built in and some plans for your day in the first year of retirement you're going to get used to not having routines you're going to get used to not getting things done and you're not going to like it you just are not going to like it so I think that it's easier to have routines maybe harder to get moving in that direction but once you have them your life becomes so much easier I don't know how you think about no I I agree with you I do know we get a lot of push back on people who want to just abandon routine because they've lived 35 or 40 years in a strict routine and I really advise people I think it's okay to let it go for a little while but not too long so that you know as they say the proverbial horse is out of the barn and now you can't get it back you wake up every day what am I going to do today that is not a good position to be in for a whole year for sure now the other thing that you can struggle with and you might struggle with right out of the box when you leave your career is social isolation I know for me I had you know 80 people working in my company I was the CEO and I had great relationship with these people and it was kind of like Fridays were what are you going to do this weekend what's going to happen Mondays were how was your weekend what did you do how are the kids how are the grandkids all of this stops right and then it's just you and me I really I really it's important to remember that um you know those relationships that you had at work even extending out to you know I knew a lot of you know my co-worker spouses and their children and I watch them grow and go through college you know you have that longevity of your story your relationship story with these folks and some of them you will bring with you but a lot of them get kind of left behind in the situational kind of friendship bucket um so the big message here is you need to is to replace it you've got to find Community whether it's joining a health club or you know we do pickle ball we talk about that a lot going back to church or religious institution Social Clubs community centers Gym classes gym classes reaching out to your friends make a list of all your friends and start contacting them because you don't want to struggle with social isolation in your first year it's really going to bring you down you know and the fourth thing that we really wanted to talk about was your health and physical activity because I know we did this when we retired you know we were like you know we're just going to go ahead and relax and eat and drink and just sleep late and you know we got a little sluggish there for a while and it wasn't healthy for us and we did course correct and um you know not saying seven days a week you know 30 days out of the month we're always on track we do stay on the health and wellness you know Mission because as you age health challenges come your way it just happens well the other big thing that you could find yourself struggling with is when you first retire in your first year depending upon your circumstances with your partner in in this case jod and I as a married couple that relationship can struggle because we both had work we had our careers we had time at home but every all the Dynamics change when both of you now are home all day long and Frank of this business for us is really helpful because it gives us something to do together but we also do a lot of things on our own we do and and you know while the business is helpful it adds stress and boundaries become even more important I think so if you're starting a business in retirement which we should maybe do a series on that we are we definitely are because there is some Milestones that we uncovered well the other thing that people struggle with in the first year is getting used to setting goals like you said a lot of people say gosh you guys do all this planning and stuff but you need to if you don't set some goals for yourself because you were used to that during your career right you set work rated Milestones um you might find yourself without goals a little bit aimless and at least having personal goals on your physical or whatever it might be yeah I think the big difference with goals is now you have a chance to hold yourself accountable and your goals can be aimed at things that you're really interested in right and then if you're really interested in for example I've been trying to I've been practicing I don't know that I'll ever end the practice but you know different things in yoga and I set goals for for myself no one else is holding me accountable I mean you would have no idea no I but you come home and you tell me about the new stances like the the the one-legged chicken is that one of the things it is not one but we'll do a whole another yoga series I guess well I think again having goals is really important and you know just a a couple more things your emotional well-being it's easy to get in this first year and all of a sudden find yourself sad and down and cre uh you know that stuff will will creep into your life if you're not doing everything we said you know what's funny about this this emotional well-being one because I'm so sad all we actually had a little bit of a tussle this morning you think and sometimes I wonder if in retirement you have more time to think about things mhm and you know maybe you create a mountain out of a mole hill you think no no no what is this I didn't do that yes you did my finger never you're the one that built this huge mountain this morning out of a mole hill so you know I wonder if this is something to really focus on you know you know recognize emotions that you have and consider even you know seeking some counsel on it so now I need a therapist for our relationship this this whole first year of retirement can be very very difficult without a doubt definitely it's meant to be fun and exciting so we don't want to find ourselves in a rut and unsure what to do next yeah I mean trust us when it when we tell you if you get into some good rhythm in your first year the rest of your retirement can become all that you dreamed of like our retirement right that's so funny we hope you enjoyed this video and if you did this next one a happy retirement is in your control we talk about how to bring healthy habits into your life so that you can flourish in retirement so watch this one next