Costly Retirement Mistakes How To Avoid Them
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- čas přidán 1. 09. 2023
- How to retire with savings what we have learned as retirees, it would be fun to go back in time and tell our younger selves and help them to stop making these costly retirement mistakes.
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One thing our young selves don’t realise is that time seems to pass more quickly the older you get. I retired at 61 - a year later and I’m 68!
I’ll probably be 70 tomorrow 😂
We know what you mean Steve Cheers 🍻🙂
Last month we were getting married. Three weeks ago we had our kids. Two weeks ago they both graduated university. Last week we retired and we’ll probably have grandchildren tomorrow…who’ll be graduating next week…if we make it that far. Reminds me of that scene in Willy Wonka (either movie…they both had the same scene) where they get on that boat and go through a tunnel and suddenly lights flash and noise and distractions are everywhere and turbulence and things calling for your attention and then…ding. Rides over.
Same here 😂
😂👍
I heard someone the other day say the days are longer, but the years are shorter!!!
🎆🍾🍷🍸🍻🥂🎆
I've officially joined the retirement party! I'm on day 2!
I completely agree about time! Don't trade your time for excess! Live on less than you make - save first - - and you'll be able to finally not trade time for essentials!
Wonderful! congratulations 🥳 Linda on your retirement welcome to the club have a wonderful weekend Cheers 🌺🙂🍷
I used to be jealous of people who were better looking, taller, smarter, more athletic, happier, and richer. Then one day I read a old Buddhist proverb: “Comparison Is The Thief of Joy”. Now I live that truth. No more envy. I have everything I need. I also just retired and my happiness has gone to the moon and back.
Great video guys. You won’t be remembered for the car you drive or the stuff you own. You will be remembered by your character.
Wow what an amazing proverb ! Congratulations 🥳 Robert on your retirement welcome to the club Cheers 🙂🍻
I just read a quote on the 3 stages of life - wanting stuff; accumulating stuff and getting rid of stuff! A hard pill to swallow in the last phase of life, getting rid of stuff, is that your kids are not going want your stuff. They are at the stage where they’ve accumulated most likely and probably have completely different taste.
Very interesting thanks for sharing Cheers Kristin 🌺🙂🍷
My husband of 40 years tells me that I am " the luckiest woman in America", with him as a husband. So Tina, clearly you are " the luckiest woman in Canada"! I think I would tell my younger self that some fun new things are fine, you just don't need all of them!
Guess we are both lucky Leslie and isn’t it wonderful Cheers 🇺🇸🍷🌺🙂🇨🇦
I apologize to my parents and all the people who tried to tell me over the years to save and not spend my hard-earned money on things I thought I needed. It should be mandatory to teach financial literacy in school rather than leave it up to parents, government or society to help young people know how to save and invest.
Totally agree Linda it should be taught in school 🏫 Cheers 🌺🙂🍷
Not when your younger self refuse the teachings. We all need to learn on our own.
Consumer and financial management (literacy) is taught in New York (begins in grade 7).
Only works if it is reenforced in the home. Parents need to set the standard. My parents always saved and I even had a school - bank account but my parents set the example of frugality. You can’t ditch your responsibility as a parent! It’s a parent- teacher partnership!
Honestly I don't even think it's just about being young and "not getting it" although obviously we're all prone to do some less common sense stuff when we're younger.
I've tried getting this message across to adults and even older folks over the years and most just don't want to hear it or put the necessary effort in.
I know some young folks who are financially very switched on and I know older ones who are hopeless in this regard.
I have managed to help a few along the way, young and older, which is very satisfying tbh.
You can only be advised, and usually only learn in the school of hard knocks!
The best thing you still have is each other. Makes a world of difference
We are fortunate to have each other , thanks for watching Joyce Cheers 🌺🙂
Thanks for being brave enough to drag those old photos out guys! Good advice as always and don't worry about the hair Norm - you still have the cheeky dimples and Tina has her dazzling smile!
Our pleasure! glad you enjoyed it Susan Cheers 🌺🙂🍷
We all make the mistake thinking we have time. It's our greatest asset.
Thanks for watching Paul Cheers 🍻🙂
Excellent advice. Same here. I walked through my simple financial mistakes with my youngest daughter recently. Mistakes that if not made would have easily tripled my savings now that I'm in late 60s. Starting too late and not investing in index funds would have done it. . Shes a saver with a good job so I feel good about her. Been preaching the idiocy of cars to all my kids for years. Has stuck with 2 out 3 even though they could easily afford more. Also preached living below your means.
Thanks for sharing Peter have a wonderful weekend Cheers 🌺🙂🍻
We all can look back and see where we didn’t make the best choices. Hindsight is 20/20 time and health are are two best assets
Totally agree guys have a wonderful weekend Cheers 🇺🇸🍷🍻🇨🇦
Wise words for the young. I have always been disciplined and save at least 25% of my income annually. As you say, if I don’t see the money, I won’t miss it.
Isn’t that the truth Cheers 🌺🙂
You just won my award for all time best click bait! Those black and white photos of you in the snapshot was just what all your fans wanted to see!! Thanks for sharing! 😊
It’s all about the experiences, not the possessions. That’s the lesson that has become the clearest to me as I’ve aged.
So true 🌺
I don’t think you made mistakes in your younger years but a lot of people did. You enjoyed and deserved the nice cars, stylish clothes and the lifestyle that went with it. . In the end you both are living a great life in retirement I think and you know, we're only young once!
Well said! have a great weekend Cheers 🙂🍻
No one "deserves" anything imo and spending money on all of that stuff will just mean you have less choices later in life or will have to work for longer.
If you can afford nice things and still put enough away for the future then maybe to a degree but the reality is that most can't and a lot of those who do still can't afford it.
I used to resent having to work so hard and have so little to show for it in terms of assets or holidays etc as we were working towards a particular goal but I give thanks regularly now that we did it.
I can't even imagine having to get up early to go to some rubbish job that I didn't want to be at or dealing with people I don't like just because we spent too much on tat or
"experiences" when we were younger.
Each to their own of course and instant gratification is very popular these days.
I would agree. We all have to "live" life. Seems like you did just fine. Sure you may have had more today but I'm sure those things brought you enjoyment at the time.
@@oldbloke204Not all jobs/careers are rubbish. Spending vs earning ratio matters.
@@hashp If you actually read my post I pretty much said what you posted back to me?
The reality for most is that building a decent amount of wealth for retirement will take a lot of time, effort and smart decisions.
Even high income earners in "good" careers can be very prone to "living" their income and really aren't much better off than others due to this.
A lot of numbers around these days in regards to how many people, even higher income earners, are living paycheck to paycheck or have very high levels of debt or are going into retirement with debt.
I also find it rather sad that people only feel that they're "living" if they're driving nice cars, going on holidays buying designer clothes/tat or whatever as well.
This YOLO or not argument has been going on forever.
I agree time is the true value over money. I just retired this week, my husband retires in 6 months. So wish I knew these fundamentals in our 20’s.
Congratulations 🥳 on your retirement welcome to our club hoping you have a great weekend Cheers 🌺🙂🍷
You missed the most important thing you still have....each other! Well that and Norm's collection of classic rock shirts.
We do absolutely enjoy that we both have each other and Norms t-shirts HaHa 😂 Cheers 🍻🙂
What I always did: whenever I got a raise I ignored it and continued to live below my means and save save save the annual raise.
Fantastic idea thanks for sharing Cheers 🍻🙂
I think we learn best by our mistakes! Most of us can’t learn from someone else’s mistakes because they aren’t feeling the pain and frustration.
Thanks for watching Evelyn Cheers 🌺🍷🙂
David Chilton’s story of the ‘Wealthy Barber’ was a big help to me. I also hang on to a car for a long time. Not paying interest to someone else is going to save you a lot of money. If you live on less than you make by paying yourself first, retirement isn’t going to be financially stressful.
I have been hanging on to my cars until they essentially stop.... until my last car which was a 11 year old Kia. It was start having signiticant repair costs every couple of months so I traded it in. first time I ever traded a car that early in it's life. I would recommend getting a two year old, good quality, car (Toyota, Honda, Mazda, Subaru.... notice no North American) verse new and hanging on to them and most importantly do the recommended maintenance when specified.
I always tell the new graduates to pay yourself in savings first . Even if it’s a small amount as they start their new journey in life. Love the pictures of you two. Have a great weekend. Small town USA 🇺🇸
Good advice Cinde have a great weekend Cheers 🇺🇸🍷🇨🇦🙂
We did realize these thing and were very frugal. No new cars, no fancy cloths no travel.
We now have two high end homes, one in Muskoka and one in Florida. Both are fully paid. We have money to enjoy them and money for high end senior care as needed. for senior care when necessary.this runs at about 8000 a month. I don’t want government level care. I have seen it in action.😊😊
I lived the opposite and it didn't work out any better. Sadly honest hard working saving people become targets. Often in family are the worst thieves. It is really surprising what money does to many people. I have had tens of thousands lost to companies going bankrupt, tens of thousands stolen by family members, tens of thousand stolen by money managers. A few tens of thousands, here and there and it really starts to add up. I am okay however it always hurts a little to look back on the thefts the most and look at how that had long term effects. For example one of the money managers stole around $22,000 and some 6-8 years later a lawyer/law office mailed me like $1,600 for my part of the settlement. So maybe I should have spent a little more on alligator shirts?
Thanks for sharing have a wonderful weekend Cheers 🌺🙂🍻
Better of in FDIC insured bank accounts 😢. Sorry for your losses.
Totally understand … not so much the thefts but the always needy, desperate people forever coming out of the woodwork. The irony is over the years you deplete yourself for their sake yet today they’re still as needy and desperate as ever. We live and learn don’t we? Sorry your generosity was so abused.
Great words of wisdom! I regret building and flipping several big houses. Who needs 3000 sq. feet, with family room, games room, and a dining room that gets used once a year? You can only live in a small portion of it at a time. Big houses are just lots of upkeep, property taxes and mortgage payments. We happily live in 1300 square feet now and don't miss the space. I don't have the kind of visitors who care what our home looks like, just that the food is good.
Well said! we are like you Susan very happy in our 1350 sq ft appartment, we don’t miss the big dining room either ! have a great weekend Cheers 🙂🌺🍷
We bought our place close to 40 years ago. It is over 100 yo and fairly small by today's standards. We have one tiny bathroom with only a bath and a very old crappy kitchen that still looks sort of original.
The weird thing is that people who see the place love it as it's something different and because we live in a very popular tourist area on a large block it's now worth a motza whereas 25 years ago it was worth way less than new places on tiny blocks.
Being able to go down the back and lay in the shrubbery and to be able to grow heaps of fruit/veg. etc is just wonderful in our opinion as well.
So true! I remember seeing my grandmother with her little one drawer side bed table sitting on her bed. That is all she had at 94 years old and me at 28 thought wow this is what we may end up with one little table and I thought that's not bad because we have each other, we have love, joy and happiness ❤️ and nothing material can ever replace it!
Wonderful story 🌺
Thank you and thank you for sharing your wisdom! BTW, my grandmother lived in London Ontario!
Not only are you rich Tina and Norm, but you are so blessed. Thank you for sharing this video with us🙏
Our pleasure! 🌺
You guys are amazing! I love your humour and the videos... I just turned 51 lately and my husband will turn 59 this year. We are in our journey to plan the retirement in 7 years from now and your advices and experience are of a great support! Thank you so much to share all that with us! Can't wait to hear more from you!!
That is awesome! have a wonderful day 🍷🌺🙂
Most expensive thing is the feeling youve not really lived in life and only chased money and now realise all them years wasted on something you haven't got time to enjoy. You know how much money you have but none of us know how much time we have . So enjoy it .all them material things dont mean nothing in life .
One Hurricane Ida destroyed 25 years of teaching materials and crap in my basement. Cured me of my shopping addiction!Costly lesson . A blessing in disguise!
Sorry to hear that have a wonderful weekend Cheers 🇺🇸🍷🍻🇨🇦
Great topic guys. We grew up in simpler times. I remember my first house in Ontario in 1983 was $90,000 and the first mortgage was 15 percent . Wondered how I was going to pay for it , but we had a real sense of the impact of interest and the benefit of paying off the principal quickly . People in their 30's and 40's certainly didn't acquire that sense , especially since interest rates have been almost zero for 15 years, and now that prime is 6 or 7 percent ,it is an extremely difficult period.
Glad you enjoyed it Stephen have a wonderful weekend Cheers 🌺🙂🍻
I couldn't agree more. These lower interest rates have really bumped up prices of houses since the early 2000s. If people can't afford the payments then the prices will remain low.
I love your videos! Don’t long for your hair, it’s faster to wash and get on with your day now! My husband wears your same style! lol
Enjoy each other and those you love. I can’t wait to retire in God-willing, 3 years! We’ve been planning for our future since our kids were small.
I love this video and shared pictures of your 30 year old picture!As always smart advice.
Glad you enjoyed it Cheers 🌺🙂🍻
First you buy all this stuff and then you need to get rid of it as well. I keep stressing on what to do with all my belongings as i age. I have a large workshop loaded with tools and equipment. Mind you, all those tools saved me a pile of money on home maintenance, even built all my own kitchen cabinets, made all my own trim work, etc. So, those tools were not a waste but more of an investment. I bought quality tools because quality only hurts once.
In the past, the fashion industry told you that you really needed crocodile t-shirts. Now the tourism industry is telling you that you have to travel. I don't like travel. It's hard work and stressful. But I enjoyed watching your train journeys. Thank you.
wonderful episode, thank you for sharing
Highly appreciated.
One of your best videos ever! Thanks for keeping it entertaining and informative.
Wow thanks so much glad you enjoyed it Cheers 🙂🌺
Great video. Loved the photos. Enjoy your weekend❤
Thank you for the topic. Hadn’t thought of it that way.
You are so welcome 🌺🙂
Beautiful episode..wonderfully powerful👍👍👍
Your very welcome have a wonderful weekend Cheers 🌺🙂
LOVE the pics!!❤
Thanks Nancy 🌺🙂
I appreciate how you take a topic and are able to form it into a fun video with an easy to follow format. Case in Point: The time-machine model of thinking used for this video. Your style of videos makes it easy for me to immediately get engaged with the topic, and to stay engaged.
Thanks for your work. Cheers !
Awesome, thank you! have a great weekend Mike Cheers 🙂🍻
Dave Ramsey says don’t buy expensive cars and other things to impress people you don’t know or care about. He is free on CZcams. You discovered that about the same time he did. Dave also says well off people don’t look flashy. You guys are an example. Love your channel.
Thanks Mary we are glad you enjoy our channel have a wonderful weekend Cheers 🙂🌺🍷
I don't understand why people think others drive expensive cars to 'impress people'. What if you just enjoy cars? If you're earning an income that can support a $150K or more vehicle why not? We drive a Porsche because we like the way it's built, the way it drives etc, not to impress people.
@@hashp you’re right but people do consider the newness and look of the car and try to buy as high as can be afford. Keep on enjoying that car.
Hi Tina and Norm. Love, love, love the old pictures! As always , sound advise from people who have lived it. Thank you.
Our pleasure! glad you enjoyed it Martin have a wonderful weekend Cheers 🙂🍻
I love your words of wisdom, and you both are so right!
Time marches on so quickly, it makes your head spin.
Love pictures of your younger selves. Have a great day! 😉
Glad you enjoyed it have a wonderful weekend Cheers 🙂🍻🍷
Such wisdom you both always share👍 I just entered my 50’s! All so true I’m finding. I started only buying classic practical things now that will stand the test of time. Love you guys!
Thanks so much Jennifer have a wonderful weekend Cheers 🌺🙂🍷
I can go through a financial sacrifice period when I am young and strong or old and weak. I am 70, lived cheap all my life, rich now, but unable to spend. I was cheap for fifty years. Luckily I own four homes and get rents.
Thanks for sharing Jack 🙂🍻
Thanks!
Thanks Stephen we appreciate it have a wonderful weekend Cheers 🌺🙂🍻
Great advice for the younger ones. Thanks for your video..
You are so welcome! have a great weekend Cheers 🙂🍷🌺
Words of wisdom! Thank you for sharing. ❤
You are so welcome have a wonderful weekend Barb 🌺🙂🍷
I love the pictures of your younger selves 😊 Thanks for another insightful video.
You are so welcome! have a great day Dorina 🌺🙂
Hi Tina & Norm some more great advice and the time just goes so quickly
Regards. Christopher Barker
Glad you enjoyed it have a wonderful weekend Christopher Cheers 🇬🇧🍻🍷🇨🇦
When you're young it's very difficult to appreciate the power of compound interest but by the time you're at, or near, retirement age it's pretty much too late. Before my wife and I married, before we even put down a down payment on a house, in 1987 we bought a new 4WD Ford Bronco II. If we could travel back in time I don't know that we would do that again, but at least it's not on the scrap heap. We still own it and I've modded it so it's got better features than when it was new. In today's money, invested and compounded, the purchase price would now be worth several hundred thousand dollars. However, life isn't all about money. Enjoying the journey is more important. Committing to buying a house subsequently forced us to be a lot more frugal and as our salaries increased we set aside ever more money. We were lucky; we mended our ways over three decades ago.
Hi OvertheHills. If you still have the 4WD Ford Bronco II, it has paid you back many times. It sounds like it has brought fun into your lives. 😊 All the best!
Thanks for sharing your story Cheers 🌺🙂
@@rustykatt3870 Ha ha, yes, but this also illustrates just how difficult it is to appreciate the time value of money when you're young. You certainly don't learn about this stuff in school but who's thinking about retirement at that young an age anyway? My focus now is living as long and healthy a life as possible while still enjoying life.
@@OvertheHills 🤗
Insightful video as always. I'm reminded of the old line: " Too soon old, too late smart!"
Hi Tina & Norm..... U've taken up an excellent topic this time. In Hinduism, widely followed in India, it is mentioned that we all r a member of the ninety nine club.... which normally speaking means that a ninety nine never becomes a hundred... .. it always gets stuck on ninety nine..... meaning the more desire one has the more one gets stuck up in the quicksand of running after more..... Simple thing is that, the moment one gets the thing yearned for.... it's value to that person decreases immediately.... & one yearns for more & more....... running after materialistic things till one looses his last breath... Lust, greed, ego, etc come attached with yearning.
Wow what a great comment and so true thanks Bikram for sharing have a wonderful weekend Cheers 🌺🙂🍻
Very accurate comments on life imo.
Fortunately we did the opposite as we were going through life.
Old crap vehicles that were cheap to own/operate, rare local holidays, no real renovations other than the basics that needed to be done to preserve our old home, took advantage of the tax benefits or handouts from the Govt. in terms of Superannuation and a fairly frugal lifestyle.
A lot of it was due to my upbringing and views on the world as I hated working a lot of the time but it was also due to the fact we were low single income for most of our lives as my wife was a stay at home mum.
We still have the same old kitchen/bathroom that is likely about 60yo and we don't even have, or have ever had a shower, and our bathroom is tiny.
We have had newer appliances as needed and will have to do a bathroom reno. soon as getting in and out of a bath will be harder as we age and problematic if we have an injury or health issue.
The end result is that we have owned a property for a long time that was extremely undesirable when we bought it due to being old and on a large block but is now in extremely high demand as it's original, mostly, and in a part of the world that folks come to from all over the world to see.
Sort of like a classic car that was worth nothing decades ago but is now worth a fortune.
Many others we know have earned way more through their lives, own a whole heap less and will likely be working for many more years than I did.
The thing that makes us realize how fast time flies is when an event from the past is mentioned and you think it was a year or two ago and it was 10 years or more.
My theory on it all is that "life is like a crap sandwich..................the more bread you have the less crap you have to eat."
Thanks for sharing Cheers 🙂🍻
You speak such wise words of advice. I am learning from my boyfriend that I don’t need to constantly buy clothes, etc., but boy do I ever like to! My fancy truck is already 4 years old; it will eventually be recycled and I won’t have it anymore; perhaps I could have gone with a more basic truck. Live and learn! Thank you for this informative video; I think I’ll read the wealthy barber. :-)
The Wealthy Barber is a wonderful book hope you enjoy it Cheers 🙂🌺🍷
Good morning all... such a timely topic⏳! Chilton's 2nd book, The Wealthy Barber Returns, is also worth a read - I got it from the library (thrift!) for my 2nd and 3rd times through since I have passed along my original copy. Another read: when I was 20-ish I was quite taken with the poem 'THE STATION' by Robert Hastings and tucked it in my scrapbook. Thanks, a good weekend to you :)
Thanks for sharing!! have a great weekend Shannon Cheers 🌺🙂🍷
Great video! I wish I could go back also! 20-20 hindsight! Keep up the epic education! We need your help!
Thank you! Will do! have a great weekend Cheers 🌺🙂🍷
I was sitting at work one day when I realized this: I can look back on more years than I can look forward to. 🤯 So make of the most of what's left!
Very true 🌺
How true this advice is!!! I didn’t read anything about finance or how to get rich. Got all this information from my Dad who talked money and education during dinner (no gossip, no sports, no BS). As a result I got my education (BA, MD, MS, MPA). Became a “millionaire” in my 40s. Still working at 75!!
Cheers 🇺🇸🍷🍻🇨🇦
I've lived a life that's full
I've traveled each and every highway.
Regrets, I've had a few but then again too few to mention.
Life is a great learning curve.
Enjoy life 🙏
Well said! enjoy your weekend Patrick Cheers 🙂🍻
I just found your channel. You two are so relatable. My wife of 38 years on Thursday and I have said the exact same words about our younger selves. Fortunately our three children listened to our older selves. We wisened up in time to put enough away that I will be retiring in the next two years to my new career playing around in my hobby shop. Looking forward to seeing what you two will be posting in the near future!
Glad you are enjoying our videos Paul and welcome to our channel Cheers 🙂🍻
You both are so honest and supportive to each other. That is the biggest wealth you both own. I am close to my retirement with very little saving. Your every bit of suggestion is worth listening.
Best of luck! 🍻
Very wise words, thank you.
Our pleasure Adrian Cheers 🍻🙂
Great advice and thankfully we figured most of this out in our late 30’s. I retired this summer and appreciate your sharing your journey and insights. Our daughter just finished reading the Wealthy Barber without any prompting from us. It gives us comfort that she is considering her future in her 20’s, before we took things seriously.
Good stuff! 🌺🙂
Excellent video as always! Love the pictures of you both! Norm, you were a good looking Don Johnson! Thanks
Great video and advice
Glad you think so! 🌺🙂
I loved seeing the pictures!
Glad you enjoyed them Dan Cheers 🙂🍻
Thank you for bringing back the sign off.
You are welcome!
Wow Love that picture of you guys! Great video!
Great advice
Seriously, well said. I hope someone hears your message.
Thanks we do too 🙂
Amen!!
Another great video! We all live and learn. One thing we all lack when young is experience. Also we did not have the internet of knowledge we have today. Most of our learning was from books we checked out at the library. My mom and dad were not investors. Just saved cash in the local bank savings account.
Also when in the thick of raising a family it can be hard to save. Do the best we can at any age, 👍👍
Totally agree with everything well said have a wonderful weekend Cheers 🌺🙂🍻
Great sense of humor you too have! 💜
Thanks 🌺
Hey 👋 Norm & Tina!
It’s great to see you and hear your words of wisdom. And you’re so right about the material things that now make no difference. We lived frugally, with perfect credit our whole lives, and like you- adult children and grandchildren we cherish. The simple things for me matter most now- finding beauty in nature, out walking before sunrise as waves of honking Canadian geese announce the arrival of the new day. Geez, it was 54° this morning- same as Halifax, Nova Scotia. How do we plan to dress for our cruise and Canadian weather? Same as in Lewes, DE- with oldie but goodie comfy clothes. 👍🍻🇺🇸🌷🇨🇦🛳️🎉 Thank you, and have a great weekend!
Clothing layers are your friend on cruising 🚢 Eric we hope you have a wonderful time have a wonderful weekend Cheers 🇺🇸🍻🇨🇦🙂🚢
@@ThisIsOurRetirement once again, great advice!
Wonderful advice!
Glad you think so! Cheers Andrew 🍻
You need to start thinking of your retirement the day you start your first job but for many young people that’s far from their minds. We are loving our early retirement and of course would have done some things differently too if we could go back in time. Love the old photos of you both 😊
Thanks so much Danielle Take Care 🌺🙂🍷
Hi guys. Really enjoyed this one. Such wise advice. Stuff matters not. Money isn’t even the thing but without enough of it, we expend too much time and effort in acquiring it. Experiences and time, making memories matters most. Neither of my now deceased parents were concerned about stuff or money in their last days. I’d rather use funds for experiences and making the best of however long or short we have left. Loving your channel from Saint John, New Brunswick.
I'm the opposite tbh.
Time/health are obviously the most important things but I watched my mother pass away a few years back and the fact that she could afford to make choices due to being financially stable was a huge comfort for her.
She still had plenty of experiences through her life but it was always when they had been saved for and the other things she thought were important were sorted.
I stopped working about 3 years ago after our workplace was shutdown and I didn't have to go back to work. I likely should have done more when I was younger but I have to tell you that not getting up and going to work and not having to fret about money is an absolute delight.
I find now that I have no real desire for all the things I wanted when I was younger, such as nice cars or holidays, but being able to jump in my 4wd and head off any time I feel like it is wonderful.
Fabulous, love the old photos. I remember the Izod shirts, I am scared to look at my old pictures when I was young, fabulous and broke!
Glad you enjoyed it all going back in time Cheers 🙂🍻
Great video as always 🎉 we just downsized n we still have too much stuff 😅 it’s a never ending struggle.
Thank you yes we have too much stuff too LOL 😂😂Cheers 🌺🙂🍻
@@ThisIsOurRetirement cheers 🍻
My biggest regret was the purchase of are first house. Time was on are side, but I felt pressured from are real estate agent at the time to purchase a house that wasn't a good fit. I wish someone would have bestowed some words of wisdom back then. Much like you guys do with your videos. Keep up the good work and thank you for these videos.
This is such great advice. Too many people live pay cheque to pay cheque without a cushion so they have to use credit for unexpected expenses. This creates feelings of insecurity. Having savings provides peace of mind and a better retirement.
Good advice
Glad you liked it 🌺🙂
I enjoyed your advice and the photos. I joined the community of retired folks as of this past Thursday! It was surprisingly difficult to be in the office on my last day. I didn't see that coming. Advice to my younger self would have been to stop screwing around and take your school work more seriously and skip the leisure suits.
Congratulations 🥳 on your retirement welcome to the club Cheers 🌺🙂🍻
another great video well done you two, btw sound seems very poor/low volume on this video compared to your others
Sorry about that still experimenting with the new 🎤 microphones Glenn Take care Cheers 🍻🙂
I really loved hearing this since my old Toyota Corolla definitely isn’t cool! But it’s paid off…
Your very welcome Cheers 🌺🙂🍻
Great advice as always....but, you don't want to be "the richest person in the graveyard" either! haha.
Great point! have a great weekend Don Cheers 🙂🍻🌺
Agree with you both; wish I had saved over my entire lifetime instead of only waking up at 40! Thank goodness I had a fantastic profession that enabled me to ‘catch up’ and fund a decent portfolio and current retirement.
Excellent points. However not many 20,yr olds would catch the importance of the long game.
Quite often trying to keep head above in the short game.
• Your right about all the stuff that did not stand the test of time.
~ Ben, Vancouver ISLAND
Yes that’s true Ben but just a small amount 💰put away each month compounds so much have a great weekend Cheers 🌺🙂🍻
Saturday lunch with Norm and Tina! Again! Most importantly you have each other!
That’s very true lovely to see you Valda have a wonderful weekend Cheers 🌺🙂🍷
I love those photos of youse throught the years - so cute at every age! We always lived "small" and below our means and saved, so no cars or clothes to regret (well, I regret the 1980s shoulder pads, but not for financial reasons...) But sound advice!
Love that! we all grew up together Cheers 🙂🍻
😀Thanks for the video!
Our pleasure! have a great weekend Rusty Cheers 🍻🙂
@@ThisIsOurRetirement Thanks Tina and Norm! You as well! 😀🌻
Good topic. I have stressed to my daughter, who is now in her mid 30s, need vs wants and know the difference. Not sure if it is always applied. I have been retired for 2 months and was lucky to have been employed 35 years contributing to a pension. My house is paid off and I don't have debt. The rrsp funds and tfsa funds I have saved are for the wants as my pension more than covers my needs. I still find it hard to let myself have the wants, but I am getting there. I feel very fortunate to be in my position.
Totally agree on investing early in low cost etf… wasted a lot on mutual funds and high fees that were hidden. It so much easier now to self invest in etf and have money working for you.
Thanks for watching Cheers 🌺🙂🍻
Happy Saturday Norm & Tina! Great messages here and I also think it’s crucial to teach children how to think critically about how EVERYTHING is marketed and how to resist the pressure. Food, clothing, household items, lifestyles..list goes on. And also what is the real cost of an item you buy on credit? I’ve always found debt extremely stressful (I think it’s genetic) as my parents were the same and were vocal about it. We didn’t lack for anything but they were very practical. Trying to teach our kids is definitely important - in some cases I think they have to learn the lessons the hard way.
You are so right about the stuff. Look how much of it lines the shelves of Value Village or resides in the local landfill.
My biggest financial mistake was investments I didn’t fully understand; mutual funds and their related fees. Kick myself over and over again for that.
Keep up the great work!! I look forward to every video.
Thanks Libbyann we do appreciate your support have a wonderful weekend Cheers 🌺🙂🍷
The two of you made me laugh! You are so right. We were just like you and bought all the flashy stuff. We did take wonderful vacations and wouldn’t change those expenses. Fun memories are worth the money! The other stuff - not so much. Thanks for the chuckles!
Your welcome Carol 🌺🍷
Love the Dr Who edit!
Glad you enjoyed that we grew up watching the TV 📺 show of Dr Who and the Tardis Cheers 🍻🙂