Tag: Retirement planning

How We Retired Early and Quit Our 9-5 Jobs: Money-Saving Secrets Revealed!
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
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
Follow this step-by-step process to retire early than 99% people | Financial Planning
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
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

🌍 Top 10 BEST Countries in ASIA to Get Retired
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
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
of excitement.
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!.

Is 1 Million Enough to Retire in America – Retirement Cost of Living
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
Intro to Is Retirement Enough to Live in America? How long one million would last in retirement by region Cost of living is after social security The city where one million will last the longest States with no income tax Cost of living in Austin City where 1 million would last the shortest in retirement Retirement Savings warning Important factor with retirement planning.

6 Retirement Essentials (Most people only prepared 2 or 3)
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
I'm planning for retirement most people focus
mostly on marshaling together enough money you know Financial Resources so that they can last
the distance and then maybe at the back of their heads they have some vague plan right perhaps
two or three things to fill the time with a lot of the times this is stuff like travel family
well unfortunately I'm gonna say that's not quite nearly enough for Preparation we ourselves
have been retired for two years and going looking back on the past two years I kind of see like
six essential things that if you prep for it beforehand before your retirement starts I think
this can really make such a positive difference to your retirement so that's what I wanted
to bring up and discuss with you guys today number one first and foremost of course we have
to talk about money most people's concern is the amount of money that they have in retirement
whether it will last them till the end come comfortably and allow them to afford the Hobbies
like travel good food Etc but I actually think after going through the last two years building up
our financial Acumen is just as important if not more so what do I mean by Financial Acumen I mean
stuff like budgeting tracking projecting investing I mean if you think about it the money in your
bank account can always be squandered we all know that story I think more importantly what's
going to make your retirement more fireproof is having an ability to generate more money where
it came from in the first place so the second essential thing that you can prepare for so that
you have a wonderful retirement it's definitely the ability to be self-directing and disciplined
self-direction definitely helps so much with spending your retirement days meaningfully right
after all there are no more like work schedules or like demands from colleagues or bosses to help
shape your days anymore you have to be the person to take charge in retirement there's a study out
there actually that shows that for happily retired folks most of them actually have about 3.6 core
Pursuits that's what they say and the unheably retired folks tend to have less than 3.6 corporate
suits coming in at about 1.9 call Pursuits that's what the study reflected I guess it kind of just
shows in retirement you really need to fill your life to the brim and keep busy with activities
you love and that is a really great formula for happiness and self-direction will help you
to achieve that state as well as discipline because if you think about it like discipline
directly affects the state of your finances right it affects whether you stick with your retirement
planning whether you keep fit and active and you get to maintain your health in retirement even
whilst you're left up to your own devices even to find your cover suits if you don't have any
when you're starting or in your retirement so discipline and self-direction will be like
the building blocks for enjoying your life in retirement the third essential thing you might
want to work on and cultivate or happy retirement is people skills right so studies and research
have reflected very consistently that the main determining factor for happiness and Longevity
for most of us is actually relationships Human Relationships friendships relationship with
your spouse and with your family I guess if you look at most of us you know we all have
a little need of work on some social skills in some aspect I mean some of us are a bit shy
paper hats or graph or maybe socially anxious working on our people skills really will help us
to get along and live happily with our spouse and family members and also importantly to make
new friendships at whatever age we all know that making new friends gets a lot more difficult
as we get older I mean I haven't heard anyone say otherwise for me personally making new friends
as I get older is the biggest challenge there's this huge feeling that nothing can replace
friendships with people who have known you all your life but it is also a challenge as I
have chosen to exercise through Arbitrage in our retirement and we've moved away from home
so those friends aren't with us in our present I find that it takes a lot of intention I have
to consciously push myself to broaden my Social Circles and make the effort to get to know people
on a more intimate basis I am also very happy to be able to say that it has paid off in that for
the last two years in Bali I have actually made two or three new friends that I'm happy to say are
kindred spirits and not just social acquaintances so that's very nice and it's a huge Comfort to our
daily life here in a foreign land away from home now before we move on a big thank you to
Mumu Singapore for sponsoring this video Singapore is an online trading platform for
stocks ETFs and options I've been using the MooMoo mobile trading app myself for almost
a year now and I think it's awesome it's fast intuitive trading US Stocks is commission
free plus they give free level to data and many more perks now for a limited time when you open a
Mumu Singapore Universal account they'll give you a year of commission free trading of Singapore
stocks ETFs and reads if you're trading us and Singapore stocks just switching to the MooMoo
app will save you so much money already when you deposit at least a hundred same dollars and
start using the mobile app to trade you stand to receive cash coupons up to 128 Sing dollars
and even a free Coca-Cola share worth around 87 subscribe two thousand Sing dollars or more into
funds on the MooMoo fun Hub and MooMoo will give you cash coupons up to 150 Sing dollars subscribe
at least 100 Sing dollar us to Momo cache plus and they'll throw in an additional tensing
dollars cashback altogether that's 368 Sing dollars worth of Welcome rewards absolutely free
just for using the Momo app so if you're actively investing anyhow I recommend checking out the
MooMoo ad using my link in the description below now back to the video the fourth essential
thing that you can definitely work on and that will benefit your retirement tremendously it's
actually courage you're definitely gonna need lots of courage in retirement and I guess this isn't
a skill exactly it's kind of more of a quality but in retirement you need a lot of courage
to even plunge into retirement you need the courage to you know take that leap of faith to
stop putting it off due to fear of the unknown feel or financial insecurities so then it's all
about courage at that stage not let fear and insecurity rule your life and your decisions it
is also the courage to recognize that in life at the start at the end in the middle the Domino's
you need are never all nicely lined up you know at some point you just got to jump into it and
then learn to cross the obstacles as they come so for retirement long term I guess the
biggest issue most commonly is always money but my perspective on this is that hey budgets
can always be reduced money can always be earned or recouped or whatever happens so I still
think that you know it is actually beneficial to Advocate an approach whereby you get to
a point where you feel that you have most of your Ducks lined up you've planned well you've
prepped for it grab hold of your courage with both hands and then take the plunge people tend
to think of retirement as the end but it's not it's the start of a new phase where you should be
trying so many new things new Pursuits new ways to live and for each of these new adventures
you're gonna need courage to take action and once you have taken the plunge you'll find the
next fifth thing very very useful and that would be a mentality of resilience especially in early
retirement there are a lot more decades ahead of you you know and therefore a lot more chances that
they things can go wrong whether it be down to bad financial planning or perhaps an unexpected Health
catastrophe or even sometimes natural disasters whatever comes I guess you will always need that
strength of Will and the resilience so that you can roll with the punches and then get back up
you want to know that you have the mental strength that even if things go pear-shaped you won't just
give up and lose hope and certain Corner you've got to Marshall what you've got inside you go out
there find Solutions perhaps if necessary you've got to go back to work but know that later on
you can return to retirement and try again so the sex essential thing that I believe will benefit
everyone in retirement is to cultivate an attitude of gratitude we all know life is a very long
journey hopefully at least and so much of what we Chase using most of our years actually doesn't
really matter in the big picture once you have taken a step back and then at that point is when
you start realizing the earlier you cultivate and attitude of gratitude and that appreciation for
the simple little things that are probably around you everywhere every day the happier you probably
will be and it sounds silly but it's not really automatic I mean we all live and grow up and
work and go to school in a society that kind of innovates us with messages that we need to reach
for more have more ambition gives us you know that High definitions of success in life that we
have to try to jump to reach and nobody sings the Praises of the pleasures of a simple cup of
tea you know the importance of family time with your loved ones or or just the pleasure of being
able to take an evening walk on the beach with your dog so I think that it's very important that
somebody reminds you that you know you can not overload what you already have what you're already
surrounded by growing that muscle of appreciation so that in each and every moment you are present
in your own life you see all the little Joys that you're surrounded with every day and if you
live life like that I think that will help you achieve contentment with just the small stuff
around you and that's what majority of your life in retirement may be about is just a small stuff
every day but in my own retirement here in Bali it is what makes me so grateful and so happy every
day that I am surrounded by my loving husband and very interesting and independent little dog
that's very very cute you know that we have very comfortable a bit simple house we have the ability
to enjoy good food even if it's simple stuff from the war rooms locally we have a garden and
beautiful things are growing around us every day the weather is great you know stuff is good yeah
I think this is one of the most essential simple things that's often overlooked simply because it's
a matter of mentality but I believe this essential quality or characteristic could make all the
difference for you so these are the six essential things that I believe are very very important for
you to cultivate and prepare for in the leader to actually taking the plunge into a return then I
think that if you have these six strong skills and qualities going for you you will be in a position
much more well placed to make the best out of your retirement however long that period may be let me
know what you think of my suggestions whether you agree or if you think they suck let me know why
but in any event I really appreciate you tuning in and sharing my thoughts for this week and
wherever you are in the world I'm wishing you a happy Saturday evening and let's speak again
next week till then you take care and bye for now

Our Day In Retirement / A Day In The Life
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
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
Read More