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Retirement Speech: Insanely Easy 3 Step Structure

whether we have to prepare for it or if you have to improvise there's a very simple framework that we can follow when it comes to delivering a retirement speech let's get into it hey my name is radeep and i love learning about effective communications and sharing those learnings with you so that you can level up your communications game as well okay now the framework we're going to talk about very very simple the past present and future that's it we start by talking about when we first met them we felt at that time we then move on to talking about how that journey has been so far and what we feel about them now and then we move on to saying what we wish for them in the future that's it an example would flow something like this i remember the first project i worked with you on when you first joined to be honest we didn't get along very much in those early days but as we worked more closely i got to know you more not just as a colleague but as a friend and from not wanting to work with you from that first project to looking forward to having you on every project the only thing i'm going to miss more than your work ethic is your wacky sense of humor i remember you telling me how you always wanted to travel every country in the world now i hope you get to achieve that and take another great adventure off from your bucket list that's it whether we have to prepare or improvise this framework can work in almost any situation and if you want to be a little more interesting we can make this format a little unique for example we can get a few colleagues together and create a fun skit for that person or we can create some sort of video to showcase the memories or the journey that that person has had and that's about it a very quick and short way to help you give a damn speech and if you want an in-depth explanation along with a much longer sample speech we've written an entire article on this which is linked below and go check it out on and if you're somebody who's very nervous about speaking in front of people and want some advice on calming those knows you can check out this video right here

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What Do You Do With Yourself After Retirement? – Dr. Devi Shetty with Sadhguru

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.

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Singapore: Your Ideal Retirement Haven Unveiled! Here’s Why

Why is Singapore one of the top choices for 
retirement? Huh? Really? Isn't Singapore one of   the most expensive cities in the world? Hello! 
Sky high property prices and ridiculous car   prices with COE shooting through the roof! So 
why would Singapore be considered one of the   top choices for retirement? As we Singaporeans 
always say Sure boh? Well before I set some context   to today's video, a short introduction.

I'm John, 
one half of the Corporate Breakout Couple. In 2020, my   wife Fran and I retired young in Singapore and 
we love making retirement videos. Okay, let me set some   context. First, I'm addressing Singaporeans and 
Permanent Residents and because this group of   people will have no issues staying in Singapore 
for the long term. For foreigners without PR, I'd   like to share with you some reasons in today's 
videos why you want to make Singapore your Top   Choice as a retirement destination.

And that 
means of course getting a leg into Singapore   first working here, getting your employment pass 
and then getting your PR and then eventually   getting your Singapore citizenship. Allow 
me to share with you the beauties about my   beloved Singapore. For one, we have world-class 
infrastructures and amenities. For example the   transport system. The public transport system is 
amazing from the buses to the MRTs, they're so well   connected and very nicely air conditioned and very 
clean as well. Number two: Safety and Security. That   is something that we should never ever take for 
granted, even though Singapore has a low crime   rate. Remember low crime doesn't mean no crime. 
Number three: Singapore is a cosmopolitan city   and diverse in culture. As a foreigner, you will 
feel right at home here. Number four: Singapore   is a clean and green city, one of the cleanest in 
the world. Look what's going on behind me. People   are cleaning up the beach voluntarily. Number 
five: Racial harmony.

Singapore has many races   and multiple religions and Singapore has 
done a great job to keep everyone living harmoniously. I would like to talk about the cost 
of living in Singapore. In today's times, the   perception of Singapore Incorporated, that's how 
we call it, is that it's a very expensive city   to live in. That may be true from outside looking 
in but for Singaporean and PR who's working and   living here, it's important to have context with 
respect to your earning capacity, your salary, with   respect to your quality of life which is your 
basic needs and your wants, and importantly with   respect to your purchasing power in Sing dollars. 
If you actually dive in into the numbers, you'll   find that there's certain cost categories that's 
pretty affordable such as your public transport   and your Hawker food. If you are Singaporean or PR 
earning $5,000 SGD every month and the cost of a   unlimited bus and MRT ride card cost $128 SGD, 
that's only 2.5% of your total salary.   What about Hawker food? You can find meals going 
for three to four SGD and that's a very   small percentage of the salary.

What about cooking 
at home? Cooking at home can be really economical   as well and you can find everything in Fair 
price and Cold Storage, whatever you need. As much   as Singaporeans don't want to admit it, the cost of 
basic needs is actually not as high, with respect   to the average household income. So is it really 
as expensive as what we are complaining about? Let   me tell you something. What I really believe 
is it's the lifestyle inflation that's causing   all this talk and I'm talking about hipster cafes.. 
can you live without traveling every quarter, half   yearly or every yearly? Can you live without your 
restaurants, your Japanese, your Italian food? That   is the lifestyle inflation that's causing all 
this talk.

What about housing? It's true housing   can be pretty expensive in Singapore, even 
for public housing like HDBs. HDB prices are   no longer starting at $100,000 to $200,000 SGD 
but going for $400,000/ $500,000 SGD. However as   a Singaporean, I know that much of your property 
loan can be serviced by CPF, which you cannot take   out anyway and the government gives a lot of 
subsidies for first timers and not forgetting,   most importantly the prices of property in 
Singapore generally goes up so you're holding an   item of value.

Therefore, your top three expenses 
your transport your groceries and food and your   housing which is mostly serviced by your CPF, they 
are actually pretty low percentage of your total income. In today's video, I actually like to cover 
some technical aspects about Singapore, namely   the financial stability and strength and the 
geographical location and I'm doing comparisons   because I've been traveling around together with
my wife, going around the different places and   looking at different retirement destinations 
and I will still name Singapore as one of the   top choices.

Singapore is a Global Financial Hub, 
growing from strength to strength. Our pro business   environment, our regulatory system which is very 
effective, our infrastructure that supports all   that and attraction of top talents substantiates 
that. For that reason, we have attracted lots of   high net worth individuals into Singapore. 
For example Ray Dalio, founder of Bridgewater   Associates, one of the largest hedge funds and 
we have Google co-founder Sergey Brin, they   set up Family Offices here during and after 
the pandemic. And we also have high net worth   individuals who have converted to Singaporeans 
like Eduardo from Facebook, you have Li Xiting,   you have Forrest Li, who are from China. 
We have lots and lots more bringing more money   into Singapore. It's no wonder when the Singapore 
Government released their Securities and Bonds, the   demand is so strong from your MAS bills, your T 
Bills, your Singapore Savings Bond and lots more.   And they are all solid AAA ratings. All that is 
pointing to Singapore being a safe haven for your money. One of the important aspects of this video 
that I would like to cover is the Sing dollar   currency strength and the purchasing power.

This is 
one of the important things for you to recognize as   a retiree in Singapore, holding Sing dollars. You 
know that your dollar will work really hard for   you because of the strength of purchasing power 
that you can buy whether it's for imported goods   or traveling around, so this really supports your 
retirement lifestyle and your means. I'd like to   share with you some charts on the foreign exchange 
between Sing dollars and other currencies like   your US dollar, Japanese Yen, Aussie Dollars, your 
Pounds and how it has performed, to share with you why   our Sing dollars has increased in purchasing power 
over the years. Let's look at Sing dollars versus   Malaysian Ringgit which I'm pretty sure Singaporeans 
and Malaysians are familiar with. This is the last   20 years chart starting from 2003 which the number 
the Sing Dollars to Ringgit, it was at 2.20.

Today, it   has hit a high of 3.50, one of the highest. So you 
can imagine the appreciation that that Sing   Dollars have strengthened against Ringgit just by 20 
years. For those of you who are old enough, you'll   know that Sing to Ringgit was actually at par which 
is one to one in 1980. Here's the Sing Dollars   against Aussie dollars, one of the major currencies 
for the last 20 years. The earlier 10 years from   2003 to 2013, you can see that for Aussie Dollars 
it's stronger than Sing Dollars around 0.8 on   average with the exception of Lehman Brothers, the 
Great Financial crisis period in 2008/ 2009 after   which you can see that from 2013 onwards, there is 
a steady increase. Steady increase of Sing Dollars   appreciation against Aussie Dollars to around 1.1, almost 1.15 today. How about the performance   of Sing Dollars against the other major currencies? 
So for the last 20 years, this is the chart for   Singapore Dollars against British Pounds.

In 2004/ 
2003, it was around 0.31, 0.32 and has gone up to   over 0.6 today, almost double. And what about Sing 
Dollars to Euros? That was around in 2005, around   0.5 now it's around 0.7 against Euros. What about 
another major currency Yen. In Japanese Yen, in 2003   was around $1 SGD to 62 Yen. Now is around $1 SGD to 108 Yen, 109 Yen. So the appreciation for the last 20 years has been   very drastic and major for the strengthening of 
Sing Dollars. What about Sing Dollars against the   Greenback, which is the US Dollars? So in 2003/2004, 
it was around 0.6 and hitting a high of 0.8, 0.82   around 2011, and then normalizing to around 0.7 
to hovering around the range of 0.73, 0.75 for   now. So why has Sing Dollars not appreciated against 
the Greenback as much? Well that's because USD is   currently still the world's Reserve Currency. 
Based on data from IMF as of Q2 2023, they   are at 58.88% market share and what that means is 
countries of the world are holding their foreign   exchange reserves in USD. That's why the US Dollar 
continues to be the dominant currency with Euros at   a distance second at almost 20% and China RMB 
is 2.45%, still miles away from USD.

And what that   means is when the US Federal Reserve prints money, 
the rest of the world follows along because USD   sets the precedence. How does the dynamics of all 
this currency impact you as an individual, in terms   of inflation and the eroding of your currency? 
Now let's look at this chart. This is the Federal   Reserve debt from the Central Bank of USA and how 
much debt they're holding till date. Starting from   1971 when the gold standard was taken off when 
President Nixon decided that, you know, US Dollars   are going to be backed by the Government, that's 
when fiat currency was born and you can see debt   has started to increase steadily, linear actually, 
until around 2007/2008 and what happened was the   Global Financial crisis, the housing crisis where 
Ben Bernanke, the Federal Reserve chairman decided   to go heavy into quantitative easing, printing of 
money heavily, you can see from a debt of around 9, 10   trillion, this is trillion not millions, trillion 
all the way for the last 10-15 years till around   32 trillion as of today. And what that means is 
inflation has severely increased because of the   debt incurred and that eroded your purchasing 
power all around the world.

You know, Fran and I   talk a lot about inflation and quantitative easing, 
about money printing and all the different money   dynamics in the world because we feel there's a 
need to raise awareness in this world, in terms of   financial literacy and that's one of the key 
reasons why we started our Breakout Academy.   Talking about finances, talking about breaking free, 
breaking out the rat race and talking about early   retirement because we really like to help people 
to find their feet in this world so that they   can then make powerful choices for themselves. Do 
check out our Breakout Academy. I will advise you   to not look at Singapore as a single retirement 
destination. The world is our oyster. Traveling is   the way how we can gain experience and really open 
up our eyes.

What am I talking about? For example   Singapore is an international hub, a regional hub 
for businesses. For example your Finance industry.   Do the same for your retirement as well. Use 
Singapore as your hub so that you can go around   the region especially Southeast Asia like Malaysia, 
Indonesia, Thailand where you can stay for 6 months,   one year, I mean depending on the visa requirements, 
but use Singapore as a hub so that you can really   explore all the different destinations in your 
retirement life.

That brings me to my next point:   Diversification. When you travel frequently and 
you're exposed to different countries, different   cultures and let's say their stock exchanges, their 
housing market and all that, you will feel more   inclined to want to invest in the different places. 
Why? Because when you diverse across countries, you   diverse across currencies and different assets 
that actually hedges your risk and reduce your   Risk of Ruin. So Singapore is actually in a perfect 
sweet spot position to dance with the rest of   the International Community and the Government 
has done a fantastic job to do that, so that we   stay very up to date, very up to tuned and our Sing 
Dollars holds its currency strength and continue   to strengthen actually, for us to improve and 
increase our purchasing power to stay strong and   relevant.

And as a retire in Singapore, your savings 
and Investments are protected here in Singapore   and you really get to stretch your dollars and 
as the Singapore government is doing a great job to   grow Singapore economically, strength to strength, 
you will continue to enjoy a stronger purchasing power. Many people feel very stressed living in 
Singapore because of the fast-paced environment.   However, you think about it, that is true for 
any metropolitan city that's very competitive.   However if you are retiree or early retirees like 
Fran and I who have Time Freedom, you have plenty   of opportunities to explore different aspects of 
Singapore in a very slow pace, comfortable, taking   public transport everywhere with no rush 
and there's no crowd like East Coast Park today,  at the beach, there's hardly anybody and we 
get to really go to different shopping   malls, enjoy our time to explore Singapore.

about cost? Actually in Singapore, you have lots   of choices. For example coffee. It can be as 
cheap as $1+ Dollar in a local kopitiam   or Hawker Center or you can go to Yakun and Toast 
Box with slightly more expensive about $2 Sing   Dollar or if you really want to splurge for 
specialty coffee, it can go as high as SGD6-7, it's really your choice.

The point I'm driving at is, don't limit yourself. Create your llfe by your own design. Think out of the box. Singapore can be your home base for retirement but you also can have multiple regional bases for you to enjoy other countries as well. And perhaps for those of you with kids, you can retire early as 
well. Think about this.

When you're in your 50s,   your kids would have grown up. You can also enjoy 
your life to the fullest and think out the box   and you don't have to restrict yourself to only 
one locality. Given a choice, would you consider   Singapore as your top retirement destination? 
I'll like to hear from you below in the comments   section. Do comment the reasons why you would or 
would not! We hope you have enjoyed a different   point of view about Singapore today. Do hit 
the Like button and Subscribe to our YouTube   channel to join our YouTube family. See you in 
the next video. If you interested in breaking   out of the corporate 9-5 rat  
race or embark on your early retirement   journey, do check out our Breakout Academy, 
where we'll support you further on your goals.

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How I Saved $380K By Age 29 To Retire Early | Fired Up

If I had to guess, I would say in terms of the
entire population, I'd probably be in the top 1% of most frugal people, maybe top 0.1%. Here's our couch. We got it free. We found this patio furniture for free on
Craigslist. I don't really like to buy anything. And in fact, it kind of makes me anxious. Every year or two, I'll get a new pair of running
shoes. Last time I bought running shoes is actually a
used pair. We've decided to invest in maybe cheaper hobbies
than most people. As eclectic as ever. How's it going, Mike? Board game Meetups led me
to meeting a few folks that I really enjoy spending time with, and so we get together
regularly to play board games. Chris:
Ooh, sick burn. Tanner:
Yeah. I don't really feel like we're missing out
on anything.

We have everything we need and we're generally
really happy. My name is Tanner Firl. I'm 29 years old. I live in Minneapolis, Minnesota. I plan to retire at the age of 35, and I've saved
$380,000 for retirement. Our house is in south Minneapolis, and I live
with my wife, my kid, and three cats. I've always been the primary income generator in
the household. My wife makes a little bit of money from hobbies
and she definitely saves us a lot of money by being the primary cook and homemaker. Lean Fire is a subset of people that would like
to reach FIRE, financial independence, earlier than most people in the movement. Generally, by saving money at a higher rate than
most people in the FIRE movement, I'd estimate we put about 50% or so of our
paycheck, maybe a little bit more towards savings. My personal brokerage account has $221,000 in it. My Roth IRA has $57,000. My health savings account has $26,000 in it and
my 401K has $75,000. A lot of people in the FIRE community have really
definitive FIRE numbers. For me, it's a little bit more flexible.

My lower bounds for retirement is $625,000
because I figure I need about $25,000 a year to live. So $25K sounds really low and it is for a lot of
people, depending on where you live and what your risk tolerance is, that might not be completely
possible. Your life changes over time and you never know
exactly what to expect. And so there's a fair amount of variability. Retiring, it's not about sitting on your couch
watching Netflix all day or going to the beach and getting a really nice suntan.

It's about getting to do whatever you want in
life. We were always very frugal. Growing up, I remember going to the bowling
alley. It was always a treat when we got a gum ball. Whenever we wanted something, we would have to
spend our own money to buy it or wait until our birthday or Christmas. That led to me and all my siblings having
newspaper routes where we deliver newspapers every day. We looked for other ways to make money as
well. My parents just gave me a loan directly. So when I graduated from college, I worked on
paying that off for a number of years. I believe the interest rate was 3%. It took me about five years to pay my parents

I could have done it faster had I wanted to, but
I figured that the difference would be better spent investing in index funds. I always put in as much as I could in order to
get the employer match on my 401K. Parallel to that, I was also investing in index
funds at the time. A little bit after I graduated from college and
started making kind of real money in a professional job, I took FIRE to an extreme that
I, I think generally it's safe to say is unhealthy. I would get very, very anxious about
saving as much money as humanly possible.

I get really, really anxious about making more
money so that I could retire as early as possible. I put things off in my life that I really wanted
to do in order to try and and retire even earlier . I would spend all of my free time trying to make
money. I had these ideas for side hustles and I was
doing those things not because I enjoyed them, but because I thought that I'd make a lot of money.

And when those things weren't panning out, it led
to a lot of frustration. I was putting off like having kids because I
wanted to make money. Thankfully, I have kind of done a complete 180 on
those issues and I don't have that sort of relationship anymore. I'm still very frugal and spending money still
does make me a little anxious, but it doesn't affect me so much.

And I've learned that it's okay if it takes me a
year or two longer, if that means that I can enjoy the present significantly more. Oh my goodness. We were able to pay basically our entire mortgage
and then some renting out the downstairs of the house on Airbnb. So that was really, I think, my first significant
side hustle . Downstairs, so this used to be the Airbnb space. So we had just a bed down here and at one point
we had a TV and a mini fridge and a toaster. I think as we've been together a little longer,
my wife is becoming more frugal. In general, I'm definitely the more frugal one in
the relationship. I don't have too many things that I buy on a
regular basis outside of just like food and the mortgage and utilities.

I know a lot of people spend a lot of money on
groceries, and we do to an extent as well, because I do like to eat healthy. That said, there's a lot of ways that you can eat
healthy and cheap at the same time. Instead of eating a bunch of meat, you can eat a
bunch of beans. Beans are super cheap. You can buy a huge bag of beans for a couple of
bucks that'll last two months. And the same thing with rice. We're fortunate that we live in Minnesota because
there's this awesome nonprofit called Ruby's Pantry. Hello, I'm here for pickup. I have two bundles. That takes a bunch of food that would otherwise go
to waste. It's things that can't be sold in the grocery
stores for whatever reason. You never know what you're going to get. But for 25 bucks a bundle, a bundle is about half
a carload, they just give you a ton of food. Thank you. Appreciate it. And then you drive off and you have probably half
your groceries for the month, if not more. A lot of the free things we find for kind of
where you'd expect, Craigslist, online marketplaces.

But we also have kind of garnered a
reputation with our friends and family as being frugal and thrifty. And so we do end up getting a lot of free things. You know, a family member, will see something
free on the side of the road and will think that we might like it. That's how we ended up getting
our running stroller that I use to run with my son. We got a bunch of hand-me-downs from my
sister who have had kids, and that's all the clothes that our son wears. My hobbies include running almost every day,
listening to podcasts, playing video games with my wife, going for walks with my family. I meditate daily, chat with my family on Zoom
once a week. I like to bake. Another one of my hobbies has always been board
games. I think a lot of things that bring people
fulfillment in life and happiness don't cost that much money. I think a lot of people look at the
FIRE movement and they think that a lot of these people are just not living their lives at
all because they are just so busy stashing away money.

I don't think that's a fair representation
because in life there's no short supply of experiences. Most experiences that will make you
happy are probably free or extremely cheap. Obviously, money can put a roof
over your head, put food on the table, but when you're saving money, you're essentially buying
freedom. So the best way that you can spend excess money
is ironically, by saving it to give you more time in your life back to you to spend however
you want..

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How I Retired Early With $3 Million At 36 In San Diego | Fired Up

I think FIRE is the concept that
retirement is not an age. A lot of us go through the world
thinking that when we turn 65, something magical is going to happen and you get
to retire. And that's not true because if you don't
have any money, you can't stop working when you're 65. And the flip side of
that, you don't need to wait until you're 65 either.

If you have enough
money, you can retire at 55 or 45 or 36 like I did. And so it's just kind of
turning this whole idea of traditional retirement age on its head. My name is Jeremy Schneider. I'm 41 years old. I live in San Diego
and I reached financial independence at 36. I grew up in southeast Michigan, outside
of Detroit. My parents were kind of middle class. I went to college at the University of
Michigan. I studied computer science. I was in college from 1998 to 2002 when
the dotcom boom was happening, and I would see these young people just
a few years older than me who were making millions with tech startups. And it inspired me to start young. And then as I was graduating from
Michigan, I turned down a job offer from Microsoft to start my own Internet

But I recorded my bank account the
moment the wire came through. I clicked
refresh and it jumped from $100,000 or so to over $2 million, which was pretty
surreal. And it was very abstract. I don't really know how much money that
was. The day after the company sold, I was
suddenly in integration mode with this very nice company that just gave me
millions of dollars. It was an especially busy time and so I
couldn't just like ditch and head to Fiji. I just saw that as like a finish
line that when I sold the company and made millions, I would just like be on
this beach. I was talking to the CEO of the company
that bought our company and I told him that vision. I was like, "All right,
I'm going to be on the beach." And he asked me, "What are you going to
do when you get back?" And what he meant was, you can't spend
your life on a beach, you know? I mean, you could, but that's kind of a
crappy life.

So I guess it dawned on me that I
couldn't just, like, spend the rest of my days sipping Mai Tais on the beach
because that would be really boring. I worked for the company that bought us
for two years, and then in April of 2017, I quit my job and officially was
retired or financially independent at the age of 36. And that was the year when I played
video games and traveled for a year. That first year of being unemployed or
retired or whatever you want to call it. It was just kind of like every day was
the weekend. I would always get asked like, "What do
you do all day if you're not at work?" And my answer would be like, "What do
you do on Saturdays?" It's amazing how quickly your time fills
up with meeting with friends or working out or working on projects or playing
games or traveling. And so I kept really busy and it was
really fun at first. But as the year dragged on, I found that
there's something missing in my life. There actually was a moment where I had
an epiphany where a year after I retired and played video games for a year, I
was on a vacation in Mexico and for a week I wasn't playing this game
Starcraft II, which I had become very addicted to.

And I realized what a
massive waste of time that was and how I basically just gave away a year of my
life to play this game. And so I decided that I didn't want to
do that anymore. And so I came back and before I played
another game, I uninstalled it cold turkey from my computer and haven't
played it ever since. Get it out of there. At the time, it
wasn't very calculated that I needed exactly $3 million. It was more of just a sense of over the
course of two years, the growth of my investments were outpacing my actual
W-2 income. Now, with the benefit of knowing about
the FIRE movement much more in depth, I know about the 4% rule, which says you
can live on about 4% of your investment portfolio. 4% of $3 million is
$120,000, which was like twice as much as I'd ever spent in a year. And so I think that I was easily FIRE at
$3 million. My net worth is about $4.4 million. $1.1 million is the value of my home you
see behind me. I was a lifelong renter until I was 38
years old.

I was actually living in my friend's
garage, which was converted to an apartment. I have a traditional IRA
with about $50,000 and a new 401(k) with my new company that's got about
$15,000. The other $3 million or so is all in a
taxable account just because it didn't fit in the tax advantaged accounts. I think my biggest expense is probably travel right now.

I'm just going on vacation. Restaurants, I think I spend about $800
a month. I don't have a mortgage. My home that
you see behind me is 100% paid for. I actually applied for a mortgage and
was denied because I didn't have a job. And so I just wrote a check and paid
cash. I don't buy things if I don't think I
need them. So, for example, if I look over to my
left, I see the keyboard on my computer, which I use every single day, which is
from college.

And so people walk into my house and
they see this like 1998 era keyboard and think it's ridiculous, but it's a great
keyboard and it works fine. And so why would I spend more money if I
don't need to? I live alone, don't have any roommates
or a wife just yet. Welcome to my home. I live here in sunny San Diego in this
two-bedroom condo. Come on, I'll show you around. This is my living room where I watch
CNBC Make It. This is my office. I sit here. I make Instagram posts,
TikTok reels. The kitchens over here. When I bought this house for $712,000,
everything was different. There was a gigantic wall that came
right down here. I knocked down the wall, remodeled the
kitchen from this big built-in table. It was about $100,000 in total for the
remodel. Guest bathroom. I actually did the tile work in that
bathroom myself. One of the few parts of the remodel. This is the master bedroom that includes
the peak view of Mission Bay in sunny San Diego way over there in the corner.

Over here is the master bathroom. When I bought the place, this was all
pink with a tub. And I put in a total new shower. Tile. One of these fancy lighted mirrors so I
can look at myself every morning. Do my daily affirmations. And that is the house tour. I'm going to bed. I started an Instagram account where my
plan was to share daily personal finance and money tips.

Every single day I would get the exact
same question, which is like, "How do I get started investing? What's a Roth IRA? What's an index fund? What investment do I buy?" And then after a year and a half, it was
mid 2020 and I was kind of bored during the pandemic. And I essentially started
a company by mistake by launching a paid product. I wanted to create just a
video course that walked through it that kind of was like a brain dump from my
brain to everyone who was asking these questions. So I decided to sell the
video course for $79. And the first week of launching this
course, we made like $110,000. And so I was like, "Oh, it took me four
years on my first company to make $110,000.

So this might actually be a real
business." I do a 25% profit share. So 25% of our profit is split among the
employees based on seniority. I have a friend, and about 10 years ago
we started a website called What's That
Charge? Which helps you identify mysterious
charges on your credit card statement. My buddy and I own it 50/50. And so it's been live for 10 years. I think we're going to make like $7,000
this month. I think that I've found peace with where
I'm at in life financially. I don't feel like I need more to be
happy. And so I'm not really chasing any big
financial goals. I'm still not totally immune to ideas of
like a bigger place or a vacation home or something like that. So that might
be nice if the company does well or my investments continue to grow. If I didn't have income from my current
job, I can live forever on my investments.

I'm living way below the
safe withdrawal rate from my portfolio short of some sort of economic
apocalypse in the future, which no one can predict. But I can live forever on
my investments..

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Retired at 38: 5 strong reasons to retire as soon as you can (Retirement Planning)

so early retirement has actually improved our 
health so much that I actually think we'll be   avoiding higher health care costs down the line 
that may actually lead into our retirement funds   and then early retirement has also allowed us 
to achieve a state of intuitive living which   has been absolutely awesome financially the 
conventional wisdom is that early retirement   could potentially be disastrous but frankly 
I think so far two years into retirement that   our early retirement has been great for us 
financially these plus two or three more are   just some of the very strong reasons why I would 
Advocate that anyone considering retirement should   do so as early as possible let me explain why 
down below hey I'm Jean and for the past two   years I've been retired in Bali Indonesia 
with my husband today I wanted to discuss   about all these reasons why I think retiring 
as early as you can is a brilliant idea [Music]   so Health basically don't wait till it's too late 
I think that when most people think about health   and retirement planning they just kind of hope 
and assume that they will be in good health when   they enter retirement and then that they pray it 
remains status quo until the end but I guess most   of us pre-retirement might be involved in jobs 
that might be high stress with long hours at   the desk and then naturally Fitness just isn't 
what ideally it should be so all my life I've   been struggling with skin rashes and allergies and 
these issues tend to pop up every time my immunity   gets low because I'm stressed I'm tired I'm taxed 
but truly in the two years since we have been   retired the manifestation of all these problems 
have just gone down so much in retirement mode   I'm happily keeping very fit doing all the things 
that I know of like surfing walking the dog with   the hubby eating better overall probably further 
down the line maybe I might be avoiding higher   healthcare costs having this health is actually 
so much wealth it allows you to live life to the   fullest because frankly all the stuff that you 
want to do in your enjoyment of Life probably   involves a lot of Health you want to travel 
you want to scale that mountain at Sunrise to   see that incredible view you need your help even 
just to enjoy good food if you like us you like   to eat you need your health I mean I know so many 
people who have dietary restrictions because of   high cholesterol or diabetes improving health is 
actually one of the biggest and strongest reasons   why you should retire early so the second big 
reason for wanting to retire ASAP is actually   intuitive living basically intuitive living is 
really connecting with yourself and listening to   your garden stings and your feelings as to stuff 
like eating and rest and meditation relationships   even your spending habits perhaps I don't know 
how it is for you guys but I was generally living   my life governed by a lot of shirts right I 
mean I should be at the office by 9am so that   I won't piss off the bosses I should stay in 
the office stay late and postpone my workout   postpone dinner so I can meet the deadline set by 
my clients I should carry branded Handbags and of   course I should be a corporate lawyer I mean why 
would I want to be anything else right finally   in retirement we are free from the demands of the 
pursuit of money to listen to ourselves to truly   tune in and understand what is the optimum cause 
in life you can chart you really want to wake up   every day without an alarm clock naturally because 
you've had enough sleep you want to eat only   enough and not too much I mean you want to make 
better choices food wise intuitive exercise you   know you're doing what really only appeals to you 
maybe you don't like sweating in the afternoons   so then you know get a gym membership or play 
indoor record Sports whatever works for you I   only wish that more people have the opportunity 
to experience living life this way intuitively   away from the entanglements and distractions 
from regular running the hands the real life   the third reason why you might want to retire 
as soon as possibly is just that the earlier   you retire the more time you gain in life I 
mean if you think about it most of us live   life as though we are invincible as if life 
itself will never run out and therefore we do   things like squander our time or sell it away too 
cheaply in exchange for material things we each   only have so long to live right and the money you 
make in your lifetime you can't bring that with   you when you go home so well might as well you'll 
be the one to spend it when you can right Society   feeds us like so many different narratives 
about success and what it should look like   but actually I think success is really not 
about the achievements per se but it's just   really a Feeling and I like to think that at 
the end of our Lives when we're there in our   last dying moments what we'll be thinking 
about probably wouldn't be like stuff like   oh I closed that three billion dollar deal I 
think it would more be along the lines of like   I had good friends and I loved my family I had 
a good life you know I ate good food I laughed   Lots I took care of my kids and my dog stuff like 
that so don't squander the time that we each have   maybe you have personal goals that you really 
want to achieve stuff like learning Spanish or   scaling the Great Wall of China or just 
watching your kids grow up that's just a   million places that are better to spend your 
time at then at a job which you don't really   particularly care for and which maybe you're just 
doing just cause that's what everyone else is   before we move on a big thank you to 
skillshare for sponsoring this video   so skillshare is an online learning community with 
thousands of classes for anyone who loves learning   if 2023 is the year you promised yourself 
you're gonna finally explore new career or   side hustle options or work on personal growth 
then skillshare is the perfect place to start   for me one of the ways we have fun in our 
retirement is making YouTube videos when we   first started skillshare was instrumental 
in teaching us so many of the basics like   videography storytelling and more till today 
one of the best classes I ever sat through   online anywhere is still the class by Sorel Amore 
YouTube success build an authentic Channel that's   worth the follow so her advice about finding my 
Niche valuing authenticity over Beauty creating   meaningful messages and providing value to the 
audience really changed our perspectives on what   we were creating back then for the better of 
course we've gone from like 40 Subs to the 143   000 Subs of today and from time to time I still 
pull up sorel's worksheet when I'm creating   my videos just to check that I'm on track for 
making something good for our people our audience   it's always super easy to take whatever you learn 
on skillshare and apply it directly to your life   Pursuits whatever those may be I highly recommend 
checking out skillshare and if you want to do that   you can use my link in the description below the 
first 1000 people will get one month of skillshare   absolutely free you can try it out learn something 
new move a step closer to your 2023 goals reason   number four the earlier you start your retirement 
the better you'll get at it with every other   change in life we expect that we all need time to 
learn how to do it well so things like becoming   apparent for the first time even if like us it's 
just a fur kid or transitioning from being a   student to being a working adult and then there's 
the transition from being and actively working   adult to retirement mode it seems ridiculous and 
silly even at first I mean it's like saying who   doesn't know how to spend their free time right 
but if you actually truly observe things around   you retirement Falls really differently for 
different people we all know the people who   have retired and in their retirement seem a 
little lost lonely left behind and uninspired   and then there's the other kind of retired people 
right the ones who go like when we're talking that   I'm gonna grab Life by the balls and Max things 
out a big part of that may actually be the point   in life at which you retire whether at that point 
where you retire you still have your zest your   Zeal your energy your health your Fitness to help 
you max out the happiness potential of that free   time and freedom in retirement and then there's 
the thought that retirement supposed to stretch   out for a few good years at least right if not 
for a few decades and doing that requires skills   you know you need so many different skills to 
have a successful retirement I think that's a   topic for another day but basically you need time 
to learn those skills whether it's Financial money   management or social skills you know building 
relationships and stuff but basically you need   time to get all that down pat in order to have 
a successful retirement so then the earlier you   retire the better usually you will probably 
turn out for you so the last and possibly the   most controversial point I think that early 
retirement could possibly be great for you   financially and this is controversial because it's 
directly opposite to what a lot of the experts say   right you retire too early there's so much risk 
that you miscalculate your finances or that world   events take an unexpected turn and then you know 
things go belly up and then you're destitute in   your last years but I mean underlying all that 
seems to be this assumption that in retirement   we're all just going to be like one dead lazy log 
and I think that these days especially if you're   an early retiree that is just so not true maybe 
like us with YouTube in our retirement in your   own retirement maybe you'll learn new skills pick 
up new side hustles and stay busy doing something   that you're doing for the love of it for the fun 
not for the money but having the money come in as   a result of your side hustle is a nice bonus and 
you know what it becomes an additional buffer for   your later years so retiring early also allows you 
to take advantage of things like dual Arbitrage   Right Moving overseas to improve your financial 
situation and yeah so like us I'm from Singapore   but I'm now retired here in Bali Indonesia we're 
not just here because life is more affordable but   the fact is that our retirement sums in fact our 
whole entire retirement is only possible because   living here is so much more affordable as compared 
to back home you know this wouldn't be possible at   all if we retiredly and ended up having health 
concerns right mobility issues for example   retiring early and then using the time to keep up 
with current affairs learning hedging strategies   to minimize risk learning how to diversify our 
Investment Portfolio I feel that the time in our   retirement has been well spent to actually make 
us more resilient and the fact that we retired so   early also means that if anything goes badly up 
time and youth are on our side if our financial   planning for retirement had just sucked or you 
know things unexpectedly go failure so prepare you   know if we have to U-turn and go back to work or 
maybe start another business it's not a big deal   and then we'll go off Marshall the resources 
that we lack and then we'll come back again   and second time around third time around will 
definitely be better each time at doing this   so in terms of confidence and the feeling of 
resilience that we will be able to make this   last all the way I think that starting 
early doing it early diving into it and   understanding the parameters the potential 
the boundaries of what we face in retirement   actually really really helps well guys so 
these are the few takeaways from our last   two years living in retirement here in Bali and 
I mean if you have any thoughts or objections or   contributions to the points that I've made in 
this video I'll love to hear them let's start   a little discussion in the comments below you 
guys have a good week ahead wherever you are   and let's chat again next Saturday thank you 
for watching and bye-bye have a good weekend

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This Is How Much You Need To Retire In Singapore

Do you even know how much money you need to 
retire in Singapore, other than, you know,   a lot? Ok, let’s do a simple exercise to find out. Let’s say you are 30 years old now, and you spend 
$3,000 a month. You are planning to work till   60 years old, and you think you’ll live till 80. 
(it’s been 84 years meme). Whatever you want to do   during retirement is totally up to you, you want 
to stay at home take care of grandkids, can can. You want to go skydiving everyday, can 
also. Whatever it is, you’ll have 20 years   of retirement, which means, in total, you 
need $720,000 for retirement right? Wrong.   If this is your calculation, gg lor, 
you will never be able to retire lo. Why? Because of inflation. You think your 1 meat 2   veggie cai fan will forever stay 
at $3 ah? You wait long long ah. Ok, let’s ignore Singapore’s inflation 
rate for the past few months,   because it’s a little crazy, 
cos you know, (money printing).

Let’s just use 2.5% annual inflation instead. 
So with that, you’ll need $6,292 every month   for retirement. Which means in total, 
you’ll need to save up $1.5M just to   be able to retire. Right? Wrong again. Because 
inflation still exists even when we are retired.   So if we take that into account, we would need 
$1.93M. Wah, ho seh boh. No need to retire lo. But don’t scared don’t scared. 
Thankfully, as Singaporeans,   we have something magical called 
CPF, where starting at 65 years old,   CPF will give us a fixed payout every 
month for as long as we live. Huat ah. But with many of us using our CPF money 
to pay for our houses, chances are,   CPF payouts may not be enough for our retirement.

That’s why we also need to save 
and invest in order to make sure   we have enough money to retire. But how 
much is enough? Is it $500,000? Is it   $1,000,000? What if inflation is a 
lot higher? Or what if we plan to   retire early in our 40s and travel around 
the world? How much would we need then? That’s why I have created this spreadsheet 
to let you easily calculate whether you   are on track to retirement or not. It 
takes into account your age, savings,   investment returns, CPF payout, and 
of course, not forgetting our best   friend inflation. And yes, it’s totally 
free to use, download link down below. Quick pause, here’s a super good news. Webull’s 
fund any amount promotion is back! By just   funding any amount and keeping it there for 
30 days, you’ll get a total of 8 free stocks,   all without having to do any trades.

they’re essentially giving away free money. Each stock is anywhere from 
USD3 all the way to USD100.   Which means you’ll get to earn up 
to USD800 worth of free shares. Besides that, you’ll also get to enjoy awesome 
features with Webull. Such as their $0 commission   trades, auto investment which lets you easily 
dollar cost average into your favorite stocks. So if you have not signed up to Webull yet,   you can sign up using my link down below. With 
that being said, let’s get back to the video. Alright, let’s go through this 
calculator together. For this demo,   let me introduce John. John is a 
programmer who has a pay of S$4,000 John is now 28 years old, has a beautiful wife, 2 
cute children and a cute little puppy. John plans   to work until he retires at 60, and expects to 
live up to 85 years old. (it’s been 84 years) That means that John will be working 
for another 32 years till he reaches   retirement. After which, he’ll have 
25 years to enjoy his retirement. Every month, John spends $150 on transport, 
$1000 on food, because remember, he has a wife,   2 kids and a cute puppy ya.

He spends $500 
on leisure, and $1,000 on other stuff,   which includes school fees, utilities, 
insurance payments, parents allowance and so on. So, in total, John spends 
$2,650 per month. But maybe,   after retirement John’s kids have all 
grown up, and John no longer needs to   spend as much. So maybe he will only 
be spending 80% of his current amount. Next, we also need to factor in inflation to find   out what the total monthly expenses 
will be at the point of retirement.

CPF assumes our annual inflation to be 2.5%, but 
let’s assume a higher number, just in case. Let’s   say from now on, the annual 
inflation will be 3%. This means,   when he retires at 60 years old, his 
monthly expenses would reach $5,459. Let’s continue on. At 28 years old, John has 
saved up $10,000 which is not too bad. As   for his investments, as he has watched 
Kelvin Learns Investing since young,   he knows the importance of investing, 
so he has invested a total of $20,000. Every month, after contributing to CPF and 
paying for expenses, he has $550 leftover money,   which he then puts $100 into savings, 
and the remaining $450 into investments. Because John is a smart guy, he’s parking his 
savings in a high yield savings account that   gives an average 1% interest. Ok I know high 
yield savings accounts are easily giving more   than 3.5% now, but we are talking about long 
term here ya. So, 1% is a reasonable number.

Next, John doesn’t anyhow YOLO his money 
into random meme stocks and crypto,   but instead invests in good stocks and ETFs, so 
he’s getting an annualized 8% return every year. But after retirement, John doesn’t want 
to invest into stocks that give a high   return anymore, as he can’t handle 
the volatility. Later he sees his   investments drop 20% and gets 
a heart attack, so that’s bad. So, he switches to invest into safer investments,   like Singapore banks and REITs, which give 
a steady bom pi pi 3% dividend every year. Next, let’s include all the passive income 
too. For CPF Life, let’s say John achieved   the Full Retirement Sum which means he will get 
a monthly payout of $1,550 after he retires. Pro tip, if you don’t know how much payout 
you’ll receive, CPF website has a calculator   which lets you estimate how much payouts 
you’ll get based on your CPF balance. John has no rental income. But 
because he takes care of his   kids well. His kids will be giving 
him $100 in allowance every month. Besides that, he also has a side business that’s 
paying him another $100 in income every month.

So,   in total, he would be earning a total of $1,750 
passive income per month during retirement. And tada, John finds that he has a shortfall 
of $387,000 during retirement. Uh oh. According   to this chart, he’ll run out of 
money at 82 years old. So how? Luckily, there are a few things John can do. He can try reducing his expenses by $300, 
and he would no longer run out of money   during retirement. But maybe, those are 
his necessary expenses like school fees,   and insurance payments, so he can’t 
really cut his expenses that much. In that case, he could try finding a better 
paying job so that he will have more money   to contribute towards investments.

let’s say, if he just increases his   monthly investment contributions to $1000, 
he’ll now have enough money for retirement. But maybe, John doesn’t want to work till 60 
years old. Maybe he wants to retire by 45 and   travel around the world. With his current income 
and expenses, he’ll run out of money in his 50s. So, what can he do to fix this? First, he can 
try cutting down his expenses ($2300). And   because he’s retiring at such an early age, 
he can continue investing in stocks and   ETFs that could give a slightly 
higher return (6%) during retirement. If that’s still not enough. He will 
need to find a better paying job,   so that he can increase his investments even more. Or consider migrating to somewhere 
that has a much lower cost of living,   so that his post retirement expenses 
will be a lot lower. Like that   Jean girl who moved to Bali and 
was able to retire by 38 years old So, that was a quick demo on how 
to find out whether you are on   track to having enough for your retirement or not.

All in all, retirement can 
be a scary thing especially   when there’s high inflation and we 
are living in an expensive city. That’s why it’s important to find out how much 
we need for retirement. Because by doing so,   we will then be able to start 
planning for it early in our life,   to make sure that we have to live comfortably..

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Our Day In Retirement / A Day In The Life

well team i got a favorite beatles song from way back when can you tell what the title is i was gonna say is it a hard day's night norm well that might describe a marriage but uh hey yay no i was thinking about day in the life oh that's that's a great topic for a video team it is but before we get to that we are tina and norm and we talk all things retirement lifestyle and travel when we can travel and if you're new to the channel um thank you for joining us and please consider subscribing it really does help our channel grow soden a day in the life and the reason we're doing this is because we've had quite a lot of viewers actually say to us what do we do in a day so we thought we would talk you through it so it's quite simple team i get up i sit in my chair and that's it i don't do anything no that's not true is that the end of the video in actual fact norm is the early riser he gets uh at around 5 30ish in the morning and he will creep away and go into the office and he will do video editing or photos or pictures whatever is needed um for youtube or for stock that's right tina's a hard task master she boots me out of bed so i enjoy that because it's quiet i get a lot of work done i'm able to concentrate on video editing and photo editing and i i quite enjoy that so then around uh well i can hear i know when it's 6 30 because i start to smell coffee wafting through from the kitchen oh yeah that's a good sort of mini alarm clock isn't it i don't even have to look at my watching actually no you can hear it gurgling in the distance so coffee goes off on the coffee maker at 6 30.

So my job at quarter to seven seven o'clock is to get her highness here or a cup of tea in bed what the perfect way to start the day i love to do it and so we uh i wake her up with the team bed and i don't throw it at him no we put a light on and uh and then we start having our first discussion of the day yeah we um at that point we do look at our youtube channel we do just to make sure there's no naughty comments on there that need deleting we always like to see like if where the subscriber numbers are how many views we've had on the videos we've put up we just generally just have a quick chat about it don't we we do and after we've done that we will then move through into the kitchen where we will have breakfast between around 7 30 to 8.

Yeah and then normally that's uh we we tend to like eggs and um as as we've told you in a in a video it seems a long long time ago we go to an egg farm that's uh that's just in the countryside not too far from here and we get fresh eggs from the farmer and um they're absolutely fantastic so we will have eggs for breakfast of some description and um and once again we will listen to the news um on our amazon device yeah we can't say a name because you'll start talking now we've really enjoyed listening or putting that on and just talking about the news that's going on and current affairs keep up the date so that we mentally caught it it catches us and keeps us um stimulated and aware of what's going on doesn't it that's kind of nice to do that and then after breakfast i will um sit in a nice comfortable chair and i like to do some of these brain games sort of either word puzzles or suduko um yeah you like those don't you i just feel as though your brain needs to be kept active and exercised as as much as your muscles do and um so i do that every day and then um yeah generally while you're doing that i'll do like comments and that on the youtube channel won't i tina's the chief commentator replier on our youtube channel i help her out with comments but tina does an awful lot of the comments so you know who to blame if you don't like the comment and then we might have maybe maybe a mid-morning coffee or after that we'll rotina's favorite is either a hot cross bun or a currant bun from our baker friend out in the countryside with coffee so she would have that every day at 10 30 toasted with butter yeah but we have tried to cut that down a bit looking sort of weight and things haven't we yeah the injuries are starting to pack on and then we will try to go for a walk um if we can we'll go for about an hour or so it has been really cold lately so when we have to adapt to the weather and if it's really really cold we'll sometimes just walk up and down the floors and go up and down the stairs in the apartment building and it's a great way of exercising um sometimes i will go swimming but the pool's being closed hopefully it's going to be opening soon so then i might go swimming too it's had a leak which has defied uh fixing for a long time so it looks like it might be coming back online um tina would swim every day um so and then with the markets being open i like i have a watch list uh that i have put together i have two actually i have uh the global mail newspaper has a watch list that you're able to set up and also yahoo finance does and i've just switched to the yahoo finance one because it it allows you to input your stocks into there as a portfolio and it shows the running amount by the second as the market is trading it's very addictive to sit there and it's actually very interesting isn't it because as we're buying new stocks and you're putting them on there then you can instantly hopefully that we're making money as opposed to losing it but you see the graph go up and it is quite exciting isn't it but we don't we think it's important to be aware if you if you are invested directly in the stock market um because the one thing that we have done is to is to leave a fair amount of cash in uh high interest bank accounts and if we see a pullback then we will invest if it's the type of stock that we are interested we just recently did that with the bank of nova scotia and the cibc bank and bought them at a at a nice discount they they dropped in a day um and uh they've gone back up yeah it's great we're doing really well on those aren't we so we spend quite a bit of time or you spend a lot more time than i do on that but we do that and then normally tina there's that magic hour of the day comes around oh that one hey you've missed lunchtime norm oh i'm on a diet so generally we will then have lunch and then we might do lots of different things in the afternoon we might go grocery shopping yeah um we might just go for a run out just for the hell of it to get out the apartment because as you realize this day is generally different because we're at home with the pandemic isn't it but this at this time of year as we're making this video we would normally be uh somewhere sunny uh either portugal or the us all destinations yet to be explored but we can't do that at the moment so we're adapting to around here on we are we're adapting to having a boring day actually and sometimes normal say in the morning this is just like groundhog day because he feels it's the same day in day out and it kind of is isn't it but it'll get better and that takes us to that well-earned great time of the day which happens at four o'clock doesn't it norm yep happy hour yay so we have been doing um virtual happy hours with friends yeah and i must admit this it's been working really well hasn't it so we use facetime but but just to to save all our own modesties we we just do it as audio um message uh facetime so our friends can be in their pajamas if they want to be and we normally chat for an hour and a half to two hours easily don't we we'll have a beverage or two and uh chat about news what's going on about mutual friends yeah and but the beauty is that then you can actually start to prepare your meal your dinner as well while you're chatting and having your happy hour so you know we might be chatting for an hour and a half and then in the last half hour we'll start to prepare dinner which is great isn't it and there are two ways that we eat dinner we'll either sit at our table and once again continue chatting we we have a lot to talk about with our youtube channel no shortage is this our stock photography business and with with places that we've identified we'd like to travel yeah so we will chat about that well the other way is we just stick the good old tele on and we sit on the couch with our dinner and watch a movie or a show and we've been finding some really good shows on our new tv with some great movies so that's been working really well it's been very enjoyable and that's kind of what we do in the evening now we will also check then our youtube channel before we go to bed see what's happening there um get updated with comments and things and normally we're we're in bed by 10 o'clock yeah and have a really sound sleep and then it's groundhog day again and then home gets up at 5 30 in the morning now we are hoping this will change slightly as we progress to being able to go to the trailer in may we do we're looking forward to yeah which will be great but basically that's kind of what we do we're just ordinary people day in the life of isn't it and what you find in retirement is you you wonder how you're going to spend the days but those minutes just find a way of filling up on all on their own and you'll be swept along with it yeah so that's our day in the life and thanks for watching and we hope that everybody is staying safe and keeping well till the next time bye bye bye

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One’s Retired. One’s Not. How to Survive the Retirement Transition.

Rhythm plays a big part in successful marriages when both Partners work or even when one works they have lives outside of their relationship together and these Separate Lives become part of their identity even if one of the spouses is a stay-at-home partner they usually by now have had routines that work really well both in the home and outside of the home and when One retires the Rhythm is a bit disrupted to say to the least it could be a tornado the peaceful Harmony is gone and replaced by some chaos and stress you know it's funny we just started watching a new show on TV called shrinking husband and wife are in the kitchen life's been a stay-at-home she's got a routine she she does rocks what does she do polishes she's all this stuff the husbands I don't know I forget what he is a lawyer or something like that but he's just about to retire and he's in the kitchen and the wife looks at him and says hey look it or more like this hey look it Derek Derek before you retire you need to find something to keep you out of the house each day I've been running this house for 30 years and I don't want my life disrupted and it's funny because his response was no I've been out of the house for 30 years and now I think you need to find something outside the house it's my time to be home that was actually pretty fun it was pretty funny but you can see without some tools this could be a rocky start to the retirement phase right so there's a way to smooth this transition and let's get into some ways that people can do this so that you don't find yourself really in a tough spot and the first way without a doubt is like those two just did communicate expectations well I don't think they did that very well well they started a conversation they started a conversation there's got to be verbal conversation about this you can't hope things are going to work out you've got to say what your expectations are because there's going to be a lot of difference of opinion on what they want to do yeah a lot of change is coming right and you know 50 percent of couples differ on what they want to do in retirement and that can impact them in a lot of ways and even financially so way before you retire five years before you need to start talking about this as a couple right right and even even ask yourself ask your partner as ask yourself first maybe and ask your partner some questions you know what do you dream about in retirement you know where do you want to live yeah how about downsizing do we want to downsize which is a big one yep and if you have kids where do they fit in right and grandkids these are all important issues that you need to talk about as a couple really in the initial phase or pre-retirement would be a great time to talk about it right and I know during our career we had a tough time fitting in date night with the responsibility of the kids and all of that I think date night and retirement's almost just as important if not more important to have a little bit of time to check in well because a lot of people feel you're spending 24 hours a day seven days a week together now there's no real reason to create that special time to check in but we're saying there is and what's our special time we have coffee every morning markets up super early I do not I get up at six and we have about 30 or 45 minutes every morning before we start well you've already started your routine but before I really started every morning we do that and we talk about you know how are we feeling we check in with each other what are our dreams for today this week this month we plan our day it's just it really gives us a chance to always check in which is really helpful for us and maybe that's something you want to try so communicate and communicate often and stay in touch is one big piece another big piece is finances you know finances are an area of disruption in marriages and certainly an area of disruption in retirement who is going to deal with the money matters who's going to pay the bills and do you agree on Money Matters yeah well it's true there was a study we found by Fidelity Investments from 2021 that said 25 percent are couples 25 percent of couples are irritated by their spouse's pen spending habits and relationship with money and that's before retirement right so that irritation enhances even more once you retire because many of you are retiring and you've already built your nest egg and many of you are working with a financial planner which is great so you have knowledge of your finances but when you retire it takes getting used to not having that steady paycheck right and when it stops there are some areas you need to focus on and adjust yeah I mean there's things like taxes your monthly expenses you know do you still need you know all the fancy cable travel plans do we really want to do that big trip or not but you need to save for it right you know downsizing dreaming of a second home you know one of the big ones that our financial planner has really pushed on us is this idea of withdraw stress strategies right making sure that you know before you could just hit the ATM and you know you had income coming in you could withdraw whenever you wanted now it's a little different well also the 401K right Social Security optimizing that when's the right time to do that and having a rainy day fund for unexpected medical expenses right right so okay so the third broad category is establishing boundaries right so this is again this is your bread and butter no it isn't this is again under the big topic of topic of keeping Harmony As you move into retirement right you have to find a way to ex to respect each other's time especially if one's still working and the other isn't you know your space you know one house with two separate schedules potentially if you're retiring at different times you know how you're going to spend your down time you know your TV time your reading time your cooking time yeah because even your cleaning time if one of you is working and you're working from home and one of you is like bound and determined to vacuum the whole house every morning at nine it's just not gonna work you know so you have to adopt each other's schedule you know for me it's important to find a place and a time for a long time time for separate friends outside of the house and all of these need boundaries and agreement so you don't find yourself banging up against each other doing each other's activities it creates stress and you don't need that you know we have friends who are actually clients of ours and she was a teacher and he's run his business a sports marketing firm out of their home for years she was a teacher so she was gone from seven to five every day let's say and now she's home and she's doing everything she's she loves to do she's hosting Mahjong and swim parties and lunch with friends she's taken a cooking class well all of that is happening in their house which is giving her really good fulfillment because she's amazing amazing he's like what's going on but he's trying to run a business in the same space so that's an example of where boundaries and communication really needs to come in you really want to respect each other's activities and priorities and space so you don't again step on each other's toes yeah so that the fourth big category of advice that we have in this in this in this arena is what what is your division of labor now that one of you is retired how do you split the chores who's going to cook who's going to shop who's going to pay the bills this is a whole new conversation I think at this point you can't make Grand assumptions that now that you're retired you're going to do all of that yeah and that's true and the other and I think what you want to make sure you do is do what you pick the things that you're good at and you like to do I love to cook I don't really like to shop well hangout I'm good at shopping I don't love it no but but I'm good at it yeah I'm good at cooking and you love it I do love it you don't love shopping who loves grocery shopping I'll take the shopping over too oh cooking and shopping cooking and shopping wow that's a win for me today here's the other thing and I don't I don't know what it's like in your house but I'm the I'm the guy that fixes stuff yeah so what I don't want to get from Jody every morning is a list of things that have to get fixed home repairs house maintenance car repairs you know there there are things that have to get done your car needs to go in and that's my responsibility I need I need to do it but I don't want a list right to put under my nose every day but this idea of talking about who's going to do what and it's not just about chores and cooking and bills but even who's responsible for scheduling activities who's a social butterfly that's right or me right so I end up doing you know golf dates pickleball dates dinner arrangements travel arrangements and that's fine I do actually like doing those things so that helps us stay in our Rhythm you know in the beginning we talked about how couples find a natural Rhythm that will take them through many years of their marriage and maybe the one that you had worked and worked well but the newly retired person shouldn't get a free ride on being engaged in the Rhythm yeah you know we've we have clients that get in trouble with this because you've got that example on the TV show shrinking uh where you've got someone who's in charge of the house and has her routine and everything's going really well and then the retired spouse comes in and says all right so what are we going to do all day right and they're like well no you do your thing I'll do my thing I'll meet you later for dinner so you have to be really careful you do but the other big thing is this whole idea of one person retiring before the other it's going to create a lot of change in your life and you need to understand that the change is going to come it's going to create friction and stress so if that's happening the right thing is happening you just need to walk your way through it and talk about it the person who's retiring you know the person who retired earlier stayed home has interest hobbies and groups and friends the new person retiring needs to create new interests new hobbies new groups and new friends we think so right because that's the way you build community and you stay active what you want to make sure that you're doing is if one is working and one is retired and the retiring spouse is crushing it in all those areas you want to make sure you're looping in the working spouse so people you know don't feel left out you all of a sudden have new friends and new interests and new hobbies which is awesome but remember to Loop in the working spouse too and I think the other thing is you've got to keep your relationship alive and healthy it's really important when one of these changes takes place that you're dedicating enough time to each other to show you care about them you're concerned about them and you love them back to your point on date night don't I do that well you do you always feel loved I do oh good good so look retirement is something we all look forward to and we deserve to find ways to make it the best years of our life and we really want to be able to live in harmony with our partner and if you've just retired or it's coming up soon make sure to follow some of our advice here and importantly make sure you're starting to talk about this phase of life with your partner or spouse to share your dreams and aspirations now if you enjoyed this video check out this next one the truth about early retirement what they don't tell you this is a great video we talk about the endless opportunities that exist and you aren't getting any younger now might be the right time to retire so check out this video next

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When can I retire? | How much Retirement Corpus is enough?

Hello friends welcome to
yadnya investment academy. Today is friday. So today we will talk about
a financial planning topic. Today's topic is Related to retirement planning A very common question of you all that come Obviously this all knows. Retirement is a very important goal. If we talk about financial goals. Mostly it should be. Mostly when i do financial planning So many persons financial
planning i have done personally Then in that comes. Retirement is a very important goal. In which we need a lot of money Nowadays early retirement is occurring. FIRE environment talks are occurring. Financial free retire early In such things When retirement comes in goal One important thing comes How much money do I need? Tell me this much money is enough. Then I can retire. That is a normal question. For this we have already
developed an interesting calculator but that was before pay wall.

Now we have removed that from pay wall because it is very useful calculator. So a retirement calculator we have made. In that with so many
permutations combinations We can get an idea This much retire corps I need. If I reach here then I have done well. I am at least financially free. Now I have to retire. We have to work further or not. Then it is my decision. If above that. Now I am just sharing my screen. Now you will see here You will go on investyadnya website There is a section named
tracker and calculator. In this there is a retirement calculator. Open this Now here we have to fill information. Suppose i am putting age of 30. You have to retire suppose on 60. Suppose we took an
example i have to retire on 60. Life expectancy we mostly suggest We should keep 90, 95, 100.

With a conservative estimate If you keep 100 then it is very
good conservative estimate. If you want to take optimistic If you took practical then it should be 90. Suppose i am putting here 95. Fourth information is our Current annual expense When we do retirement calculation Obvious we took assumptions. One assumption is this the
expense i am doing today Suppose when i retire Then also my expenses should be like this. Means my lifestyle of now remain maintained Neither i increase nor decrease. Suppose I am spending 50k per month today. The expenses that are occurring. After retirement I will do the same expenses. After retirement expenses can reduce. It can be your house if
you are living now on rent. It can be so much rental expense. That can reduce. Now your children's expenses are so much. They will reduce at that time. Sometimes after retirement
expenses increase.

Like vacation expenses mostly increases. Sometimes medical expenses increase. Some expenses have increased. Mostly as an advisor If we took a general advice then we say. Keep the same expenses as they are now. Don't do much changes in that. Some increases some decreases. For example if we want
to do a simple calculation Then considering to current expenses Suppose my expense is 50,000 The profile we are taking has
expenses of 50,000 per month. Then it is 6 lakh rupees per year. You have to put today's expenses.

You don't have to put off retirement age. That's all it will insert. Inflation number How much inflation number we have to take? 7% inflation is mostly suggested by India. If you want to be conservative
then you can take 8%. If you want to be aggressive
then you can take 5-6%. Inflation you should calculate by your own. Every year how my expenses are increasing? If you know little bit idea about that These things are increasing
according to my expenses. Edcuation expenses children's fees It increases almost 8-10% every year. Rentals mostly 10%. Landlords mostly increases rent by 10%. My personal inflation is 8, 9-10%. You take according to your. So for calculation here
I am taking 7% inflation. Then return on investment. On the basis of return on investment. How much is my return on investment? Before retirement and after retirement. Now I am retiring at 60. At 30 I am starting investing. How much should I invest for that? How much retirement corpus I will get? The reason I am investing now. On that how much return should I expect? It depends where you are investing.

If you feel I will invest
mostly in equity markets. Retirement oriented because it is very long horizon. I am of 30 years and retiring at 60 years. Horizon is of 30 years. All that I am investing I will invest mostly on equity. Then we can take 11-12%
return on investment All that we will invest now. Or we kept in equity we can take that. If you feel This house is my retirement corpus This will increase according to that. Then on real estate the return
on expectations that remains. Basically there is round inflation of 7-8%.

It depends on you if you have EPFO. That is a very big retirement corpus On EPF we get around 8%. According to that you have invested here. Overall that you are investing Or you are planning This is for retirement
and I am going to invest. What are expected returns on that? Till 60. Pre retirement is retirement on investment. Suppose it is 12%. Whole the money I will put in equity. Then you took 12% return. Then post retirement my corpse will become. How much will it grow? Suppose I retire and I get corpus of 5 crores. Then 5 crore rupees Where will I invest? Again very difficult question If you are of 30 years then in 60 years.

This is very difficult. This is a very big assumption. We have to think mostly at 60 our risk profile decreases. We will not take much equity allocation. Suppose now we have 60-70 equity allocation That time it becomes 20-30% or 40%. I go a little bit on conservative. I say to most of the people Take percentage equal to inflation I get return same as inflation. If I want to take. Then 0.5-1% extra. We took here 8%. Means 8% of post retirement. My corpus will grow 8% after that. Inflation will remain 7%. This is planning according to that. We will discuss these points later. Therefore I am doing all these zero. We inserted these things. What we say? Our retirement age, life expectancy. Our annual expense, inflation. These all are our compulsory fields. If I consider this now. Sorry some value needs to be inserted.

Randomly value we are inserting. So that it can work. If I consider this now. Then I need retirement
corpus of 14.6 crores. If you are of 30 years and you have to do expense of 50k per month. At today's value Today's 50k offcourse will not remain same at the time of retirement. They will increase with inflation. If you have to maintain today lifestyle The 50k expenses you are doing today Same you want to do at 60. After 30 years. This is the value after 30 years. Don't be so afraid. Today 14.5 crore is very much. After 30 years the value of 14.5 That should be arounf 70-80 lakh or 1 crore I am doing guess work. It will not be more than that. Think if I have 1 crore rupees today then I will be able to do for next 35 years.

60-95 years means 35 years 35k per month That to inflation to adjust it. I will get it consistently till 95 in 95 it will become zero. If i invest lumpsum then i can invest 50 lakhs. Considering I don't have anything. If I have 50 lakh rupees I will invest it. For 30 years they will grow by 12%. Expected pre-retirement. Then also my retirement money will be done. Monthly Sip that I have to do That is around 50,000 in this. 48,000 rupees sip i need in this. What is the meaning of step up? I will tell this in next. If you have plan in 30 years 60 years. I have to do all these things. Then you have to do monthly sip of 48,000. To retire for next 30 years. Remember this is a monthly sip. It will not increase. Every year you have to do 48k consistently. Obviously our salary will increase in years Inflation increases salary increases. Now 48,000 will seem so big But after 3-5 years You will not feel big amount. That's what I am saying. In that our step up point comes.

Now you will say I don't have 48,000 to invest. It is a very big amount. From where 48,000 will come. If we are spending 50,000 Then by saving 50,000 we
can invest in retirement corpus. That is not possible. Then in that our second comes step up sip What is the meaning of step up sip? What is annual increase in our income? Can we increase sip every year? I cannot invest 48,000 now but from next year i can increase. If you think my annual increase in income. If inflation is of 7%. With 7% income should increase If we take seven With 7% it is increasing. We considered 7% inflation. Salary is also increasing by 7%. In worst case salary is not changing. With 7% there is increase in salary. Existing investment Do you have any investment now? That you think this is my retirement income From that also it will reduce. Suppose if you have EPFO ​​corpus Suppose of 5 lakh rupees. 5 lakh rupees i inserted here. This is my EPFO ​​of 5 lakh rupees. I will use it for retirement. On that how much return I will get on EPFO? Return are 8% Then we consider we will get 8%.

It is tax free means you will get 8% Suppose i have 5 lakh rupees On that i will get 8% more. Now let's do calculation again. Now since EPFO ​​arrived. From 48 it became 46. Retirement corpus remained same. So now we have to do Sip of 46,000. We can do step up sip of 24,000. We invested 24,000 rupees this month. Every year we increase that by 7%.

From annual increase in income we have to do this annual increase in sip. Today you started sip of 24,300. Next year increased 7% on that. Then again in next year increase 7% on that Compounding 7%. Increase 7% every year Till the age of 60. Then also your goal will be achieved. Then you will have 14.6 crores rupees. Considering these were our rates of returns So it is very very good. You can apply so much
permutations and combinations on this. I have little more money than 24,000. I can do upto 35,000. Can I retire early? Then can I retire at 58? On 58 it will happen at 29,000. I have 35,000. Can I retire at 55? Now your interesting calculation will start No you need 37,000 For retirement at 55. Early retirement you can take at 37,000. If i do 37,000 per year.

I invest in such investments
that give me 12% every year. 7% increase i put minimum. If you think 7% increase is less. Consider growth of salary minimum 8-10%. Why not? Consider 10%. Then in Rs 28,000 you can retire at 55. Retirement corpus also reduced. As early you retire that much less corpus you will want. Value of money comes less. At that time its value will be more. At the age of 55 we need 11.6 crores. How much lump sum funding we need? How much monthly sip
and stepup sip we need? I considered 10% annual increase.

Like this If you can do so many
permutations and combinations. You can plan yourself. When can I become financially free? I think this is very interesting calculator If you like as i am a conservative investor I am not taking 12% from whole equity. Suppose we take 9%. This we keep 10. The rate of return become 9% from 12%. Obviously both the sip's will increase. You can do calculation according to that. Which type of investor is I am? If you think here is also 9
then it will change again. These things you can do so many permutations and combinations
based on your profile. You will get so much support and understand If I invest this much money For this much time Then I can go towards a better retirement.

This is how you should work on these things. You can plan early retirement. You want to spend so much or not. 50,000 will not be sufficient. I want to increase my lifestyle. Now I am spending 50,000. But at that time I want to spend 75,000. Acc to that by using
permutation and combination What are my savings now? I can plan such investments or not. Then in those things you will get
so much help from these calculator.. Do check that on our website. If you have any comment If there are complications
then visit our website. Below is our email address and
whats app number is given. All things are written below.

You can email us there
if you have any query. Below there is comment section also. Must write in comment section. Hit a like if you liked the video. If you think some knowledge is added Then hit a like Have a great time ahead friends Jai Hind.

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