How We Retired In Our 40's | From Struggling To Early Retirement
Today we share with you our story of how we retired in our 40's.
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We went from struggling to early retirement. We often get the question about how we were able to retire in our 40's and today we will share our story. It is not like most, we had very little investment and we had very little money to start but we made it work. We also share how we leveraged starting a KZread Channel to get things going.
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Пікірлер: 609
Greatest life tip - finding the right life partner that is devoted to the marriage and working through life’s challenges as a team. Love this. ❤
@GroundedLifeFinances
4 ай бұрын
So true!
@wiseonwords
Ай бұрын
@@GroundedLifeFinances - Congratulations! Keep on going from strength to strength! You've earned your success.
@louisedudley3706
Ай бұрын
Great advice love your channel.
I’m 55 and have been retired for 6 years. I have a 130K annuity, plus a 401k depleted to 150K of money that I’m not sure what I can do with at this point.
@Curbalnk
2 ай бұрын
Not a great April but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $70k. You might consider financial advisory if you're experiencing significant drop.
@greekbarrios
2 ай бұрын
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m.
@kashkat987
2 ай бұрын
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
@greekbarrios
2 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@Shultz4334
2 ай бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I’ve never watched a more transparent and informative couple on KZread. I’m very happy and slightly envious of your success and I know it didn’t come to you guys by accident - you both seem willing to do the work to make your dreams happen. I’ve known people through the years that have done similar things, but I’m thankful y’all are willing to tell how the sausage is made. Carry on please!
@GroundedLifeFinances
4 ай бұрын
Thanks for your encouragement, that is great to hear, we really appreciate it!
@jmc8076
4 ай бұрын
Agree. The more popular ones for me come across too scripted w/similar style and format. It doesn’t feel natural but I’m sure there’s alot of pressure now on creators.
@nonniwilliams2220
4 ай бұрын
I second that! Y'all are inspiring! God bless y'all on your journey and thanks for sharing it with us!
@pameladaggs
4 ай бұрын
I’m definitely for early retirement options! I can’t take the “rat race” anymore 😢
@TheJad2999
3 ай бұрын
I 3rd that so down to earth and inspiring. Keep up the good work!!
I think another reason you've been so successful is that you are both great communicators. You simply speak conversationally instead of using the rapid-fire, sing-song, reporter wannabe style SO many youtubers use. Thank you for that! Congratulations on your success!
@GroundedLifeFinances
3 ай бұрын
Thanks!
As a wife, I love how you look to your husband. I can see the love and respect.
@dreamchaser5758
4 ай бұрын
Underrated comment and observation. I truly appreciated that aspect of the video.
@christinesalomon4903
3 ай бұрын
And how he does the same! :)
@Tyiion
3 ай бұрын
Really? I was distracted by her turning her head to him every few minutes. Otherwise good video.
@iamlimitless7543
2 ай бұрын
Great comment.
@user-of2co3ke5p
Ай бұрын
@@christinesalomon4903 😒 please go somewhere else with that.
We sold our house for $550,000 after 10 years having paid $240,000 took the equity and moved to a cheaper town, paid $190,000 for a duplex, rented the basement and bought a rental house next door. We now live off the rental income and retired. The new houses have doubled in price after 8 years. We can easily live on less now we don't have to dress to work or commute, buy lunches etc no car payments, make food from scratch. The tenants are paying for the houses plus our living expenses, with no mortgage payments or debt we are richer than when we worked !!
@GroundedLifeFinances
4 ай бұрын
Awesome plan!
@modernanimist2421
3 ай бұрын
And now your tenants will never be able to own a home in this market. But you can retire while they toil away for you! And somehow you live with yourselves.
@queensnativenative7189
2 ай бұрын
@@modernanimist2421 Orrrr!......they [the tenants] can begin to change whatever is necessary in their situations, and build for themselves a better outcome. THAT is the point this couple is making here!!!
One thing I noticed is you both talked about your income as combined and you did this together and not separating your incomes in your mind. You both have true partners in life. That is the most necessary thing.
@harryhankins1338
2 ай бұрын
That’s what it takes you have to work together as husband and wife. That’s the secret ingredient to marriage and finances
I feel like I just watched a great TED Talk! Very inspiring. Good fortune often comes when people are willing to think out of the box. Most people wouldn't be willing to relocate to another state, let alone other countries. You're successful because you're willing to adapt and do whatever is necessary to open doors. Your contribution to the world is being rewarded!
@GroundedLifeFinances
4 ай бұрын
Wow, thanks so much! Your kind words are always appreciated, and encourage us!
@carolwilliams8840
4 ай бұрын
Well said.
You are giving my husband and I hope. We are so stressed in our jobs and need to get out and enjoy our life. Thank you
16:50 “what’s the point of learning something, if you don’t share it with people”. God, I wish more people have this mentality. thank you for all this information. It’s good to know though that you can travel on a smaller budget than I thought that was possible to begin with. I’ve been wanting to make videos myself for a while, for this exact reason, I just like sharing knowledge and inside tips.
@GroundedLifeFinances
4 ай бұрын
Thanks, we appreciate you sharing your thoughts!
You have absolutely no idea how much hope you have given me. At 77 and still having to work you have shown me a way. Can't thank you enough!! First time I have had any kind of hope in a very long time.
@GroundedLifeFinances
3 ай бұрын
Wishing you all the best!
I think the most important take away is what Rob said, if you don’t change anything, noting will change. Thank you for sharing.
@GroundedLifeFinances
4 ай бұрын
Thank you
Wonderful video. I lost my house to bankruptcy in 08 and moved into a little apartment and I was so happy in that apartment and then nine months later the apartment owner told me that they were selling the building. So I cobbled together the little bit of money I had to buy a tiny house barge. Not long after that it started to take on water seriously enough to haul it out. I fixed it up paycheck to paycheck while staying with some friends and ended up selling it. By the way, it was featured in Macklemore‘s video next year. Anyhow, I pulled myself out of the Mire, and lived very slim and continued to save and now I have a house in Mexico. Glad to know you.
@GroundedLifeFinances
2 ай бұрын
Awesome story, thanks for sharing!
Allie and Rob, you are a breath of fresh air amidst a lot of doom and gloom these days. Your amazing transparency, your willingness to share and educate have empowered so many of your viewers to step outside the status quo. Thank you.
I think you just changed my life! As soon as my husband gets home from work, I am going to watch this again with him. You have no idea how much I needed this - thank you from the bottom of my heart ❤️
@GroundedLifeFinances
3 ай бұрын
Wow, thanks, we appreciate it! All the best to you.
Our life basics right now for a family of 4 are just over $7,000 a month. Our oldest may move out in a year or two, and our youngest, due to health issues, may always live with us. We want to take him around the world with us, and your content is making my husband actually believe for the first time that it is possible! You are inspiring our family, thank you.
@GroundedLifeFinances
Ай бұрын
Thanks, all the best to you in your adventure
Good job. Surprised to see a channel with 8k subscribers earning $700/month. Gives hope.
@GroundedLifeFinances
4 ай бұрын
Thanks!
1. Pick the right partner in align with your goals. 2. Dont have any children. Wont make it impossible but will significantly delay for about 20 years. 3. Live below your means and track every purchase on a zero dollar budget. 4. Have 3-6 months of emergency fund. 5. Stay out of all conumer debt. No credit cards, (i dont play the chasing points game) no car payments, no loans. 6. Buy a house that you need not want. A house that is below your budget. Remodel over time instead of buying move in ready above your budget. Always buy a home below your means. 8. Pay off that house early before retirement. We paid ours off in 10 years instead of 30. 9. Invest heavily (close to maxing out) into at least one 401k/roth ira for a minimum 10-15 years while working. 10. Have multiple streams of income when you do retire.
@KevinNordstrom
3 ай бұрын
I had kids so it slowed things down, but I've accomplished everything else on my list by age 40. I'm retired now living off YT earnings, military pension, and part time work online on my own terms. Wife works to keep healthcare for the kids. I quit my job of 16 years last year to be home with my teenage kids as I worked graveyard for most of their life and I have no regrets. Wife will quit in about 5 more years when the kids move out. Other than I can not tap into my 401k for another 19 years lol but by then it will be massive from compound interest and cannot collect social security for another 22 years lol. They will both be extra icing on the cake at that point. But life is good. No debt. Paid off house. Money in the bank. Taking multiple small vacations every year. Enough in 401k to keep the lights on in my senior years. Time with family all by age 40. Wife and I will travel more and have our house be our home base when the kids move out. My Only regret is wasting my entire 20s on stupid shit and listening to my broke friends and broke family and not being serious about finances.
@BellaJoyeuse
2 ай бұрын
Everything looks great but not number 2: one they said they have 2 kids and secondly family is far more important than more money. But its a good idea to learn to add AND to your vocabulary. You can have money and children. If I didn't have kids, I wouldn't have felt so happy and I wouldn't have been as motivated to be selfI-employed and make way more money than otherwise (and yes that's even after the "cost of my children"). Having children has increased my income and lifestyle significantly. Because of them I live a dream life in Florida and the Carribean at just 40- and I home educate my kids. Also, my husband passed away without life insurance (big mistake but he was young and his passing was very sudden)- but yet because of my kids, I've gotten myself to this dream lifestyle, homeschool and work part-time hours. Without them- I'd be like everyone else running in a hamster wheel. I thank God for my children!!!!
Happy to see a great couple succeed and give a blueprint for others to follow. Bravo!
@GroundedLifeFinances
4 ай бұрын
Thanks so much!
I always assumed you two had inherited money. Great story. Not everybody can be successful at you tube. You are both articulate and good communicators.
I find value in your channel. You both are caring and have a heart for humanity that sets you apart. Jah Blessings always.
@GroundedLifeFinances
14 күн бұрын
Thanks
You put the work in, and you are reaping the rewards, that is how merit works.
This year I'm 39, starting my financial journey at 32 living with a disability and financial journey is to be off disability and I'm shocked at the progress once I started and kept it going, even with a very low income.
Wow, thanks for sharing. I am a kindred nomad, retired early, fulltime camper-van explorer thru-out USA & Canada for 5yrs sharing inspiration on my KZread channel! Bravo folks!
Your guy's history is similar to ours; we started our online business 28 years ago. I was an accountant at a law firm and loved this job, but I quit my job at 32 years old and started a shipping and packaging business. I sold this business after five years, and then we started the Online business. We make and sell products online and love being our own boss. But now, I am ready to make another change. Thank you so much for sharing your ideas with us, I want to hear more about how to make passive income. I plan to take this course. Love you!
@GroundedLifeFinances
4 ай бұрын
Thanks for sharing your story, it is great to hear what others have done.
I really enjoyed the way you shared your journey with us. It felt so authentic like friends sitting around sharing. It was encouraging and uplifting. Thank you.
@GroundedLifeFinances
4 ай бұрын
Thank you so much!
I just discovered you on KZread last night, and I'm hooked. You're living the dream. I'm just praying that I can do that someday.
@angelic4112
4 ай бұрын
Funny I just discovered them today! I've been watching tiny home videos as well. Guess this is showing us what's possible for us as well. I'm excited to do this in 10 years. Best wishes on your journey 🙂
You both are so inspiring. I retired a few years ago at age 48 but haven’t traveled much. My initial plan did not fall through and I didn’t have a Plan B. Thank you for being so transparent.
@abbyabroad
4 ай бұрын
You’re inspiring! I am 38 and hope to be like you when I reach 48. 🎉
Thank you for sharing your awesome story. After 33 years in corporate America, I retired at 57 as an executive following my wife who retired at 54. We were blessed to have great benefits during our working years after eight corporate relocations. I’ve been thinking about doing YT to help people achieve their dreams. You both are an inspiration, well done!
glad I found your chanel. looking to retire in Asia in 5 yrs, when I'm 55. I was born in Philippines. But I only want to live there 6 months out of the year.
@GroundedLifeFinances
4 ай бұрын
Best of luck!
I am 47, and I have been making money online for a while, but I am definitely praying that I will get monetized on KZread soon. I have the subscribers, but I just need more watch hours. I would love to be able to retire in my 50's. I love what I do as a teacher, but it literally drains all of my energy. I am also from Atlanta, and it has become super expensive even though I live deep in the suburbs.
Thanks for sharing + video!
Thank you for sharing and being so open and transparent.
Truly appreciate this video ❤
I appreciate you both sharing all of this. It does help. ❤
Really appreciate your transparency. Love your channels ❤
Thank you for the great advice! 😊
You are both very inspiring! Thank you for sharing!
@GroundedLifeFinances
Ай бұрын
Thank you so much!
Thank you for sharing your story and having transparency. Love seeing your retirement adventures! ❤
Thank you for sharing your story. It was inspiring.
Very inspirational, thanks for sharing!
I found you a year ago when researching train travel and it's been a blessing and joy to learn and travel with you. I actually just started learning travel agent to go passive and finding online work. Great info for disabled vet.
Awesome story , thanks for sharing
glad you shared what you made, most people act like they only make $100 or $200 dollars a month, its interesting to see how well you make
Thank you for your honesty and sharing what so many others are too afraid to talk about!!
Thank you much for sharing that very personal info. I passed your video on to my daughter and grandaughter. Thank you Thank you Thank you
this has shifted my paradigm!!! Appreciate you two so much!!!!
I truly enjoy watching you two! Thanks for sharing your wisdom with us !
I commend you guys on taking such a leap of faith! It's quite admirable and inspiring!
❤ I have never heard of you before. But it showed up in my feed and the title was curious. I so appreciate your transparency and humility and vulnerability. No hype no gregarious script just simple honesty from real people. You are both so relatable and I’m looking forward to checking out your other videos. I love to travel and would love to do more of it when I can get my financial situation back in order. I have been wanting to start a KZread channel for years and just hasn’t been able to step into it. This was encouraging more than encouraging. And I will check out your link on your Tips to creating a KZread channel. Thank you again.! God bless you both. You are living the life that I would very much like to have.
I just do not understand why it's retirement versus a new career. YOU TUBERS have a working income. Love your channel, though.
@pioneer7777777
2 ай бұрын
Very good point. I think it's mainly seen as "passive" since there is a delay from making content to getting paid, and it can somewhat keep going if you stop. However, it never was passive and it's categorized tax wise as ordinary income. I suppose since you don't have to go into an office, you feel "retired"?
Thanks. I appreciate your courage to take the steps necessary to secure your future & live life on your own terms.
Have fun guys! Make money doing it too! Have a blessed day.
KZread is in my business as usual and decided to show me y’all’s Retire To A Hotel video. Then I made my way here. I have only ever commented once on KZread. This time subscribing and giving a thumbs-up didn’t feel like enough. OMG! I love this for y’all and for ME! Thanks for sharing. You’ve helped me streamline some decisions. Also, I love how chill y’all seem. Keep thriving!
Congrats guys from another digital nomad! Life can change quickly. I've been living day to day financially in a fortunate position where I can treat myself without thinking.
@GroundedLifeFinances
4 ай бұрын
That is awesome!
Thanks for sharing! This provides helpful info & more importantly hope!
I'm so glad I came across this video. Your story is amazing. Thank you for sharing.
Thanks for sharing your history, wisdom and guidance. Alternatives to the grind are always appreciated. There is hope!
@GroundedLifeFinances
4 ай бұрын
No doubt!
Thanks For Sharing!!!
@GroundedLifeFinances
4 ай бұрын
My pleasure!!
Hi from Atlanta! Thanks for the content
Thank you for sharing. Very inspiring 💖
This is my first time finding one of your videos and I’m so glad that I found it. Thank you for sharing your story! Informative, relatable and realistic.
You guys are so inspiring in how you love each other and in how you work together! Life is short! GOD BLESS!
Love your video.. thx for sharing
Love your story. Gives us all hope. I live in Atlanta and can attest to how it gets more expensive.
Thank you for sharing, I really enjoyed!
Thanks so much for posting this video! Love all of your different channels and videos! So helpful!! ❤
@GroundedLifeFinances
4 ай бұрын
You are so welcome!
Thank you for this. I love your videos and you encouraged me to try Amtrak again after swearing off them 20 years ago. I thought you were probably younger than us even though we still have kids in college and you are! Watching Rob climb into the top bunk I wasn't sure that my husband could do it but you've given us enough information on sleeping accommodations that we know what will work for us. We just got back from a Via Rail trip. I homeschooled my two kids and I'm happy for you that you were able to as well. I don't need this content but subscribed because I like to hear more about your life. I'm so glad your content is working for you.
Thank you so much for sharing. Most inspiring video & truly helpful.
Another awesome video. You guys are inspiring us to try and make our retirement channel great :) We too are retiring early and documenting our process on You Tube.
It's so kind of you to share this information. Thank you.
@GroundedLifeFinances
4 ай бұрын
You are so welcome!
Thank you so much for sharing this very private information! I appreciate how open you two have been and your story.
It's good to let people know how much your making youve put in the hard work, you deserve i!
You kids are wise beyond your years. Thanks for the encouragement.
Thank you so much for sharing very personal information about your process, what you learned, and channel income. So kind of you to share this information. I love the open and honesty. Congratulations on your success, God Bless!
Thank you for sharing and giving hope as well as education. Much appreciated. 😊
@GroundedLifeFinances
4 ай бұрын
Our pleasure!
Thank you for your honesty! It is very much appreciated!
@GroundedLifeFinances
4 ай бұрын
My pleasure!
Thank you for sharing.
Very inspiring!
The fact that you shared such personal details is amazing… so helpful, so inspiring… and makes you so trustworthy. Thank-you!
Congratulations to your nice income from KZread! It took a lot of hard work and good fortune. Hoping you future success
Great job, superstars ! Thank you for sharing your journey to freedom ! I can relate a lot to your stories.
Wow! Congratulations - watch you guys all the time. My wife and I are 2 years away from "retirement" but this was a much needed video to see. Thank you! ❤
Continued success and wonderful adventures going forward. Thanks for sharing your journey!
@GroundedLifeFinances
4 ай бұрын
Thank you! Will do!
Wow I didn't realize this wasn't your travel channel when I clicked on this video. We always watch your travels when we stream on the tv. We were just discussing how we feel like we're leaving money on the table. We appreciate your transparency so much! This video is right on time!! THANK YOU!! "Take the leap of faith" 🙌🏽 You've definitely conveyed a message of hope.
Thank you for sharing. You've got me thinking.
@GroundedLifeFinances
3 ай бұрын
Awesome
many blessing I live in atlanta GA and CONGRATULATIONS!!!!!!
Yall are so awesome. Thank you!!
@GroundedLifeFinances
3 ай бұрын
Thanks
I love you guys. The humility, honesty and genuine desire to help others comes through in all your videos.
@GroundedLifeFinances
4 ай бұрын
We appreciate that, thanks
Thank You for the transparency & honesty - it really helps & encourages your subscribers
@GroundedLifeFinances
4 ай бұрын
You are so welcome!
you are both are very kind to show others whats possible!
Thanks for opening this window into your lives. You have accomplished so much and deserve every success. We love watching all your channels but this one is so inspiring.
@GroundedLifeFinances
4 ай бұрын
Thank you so much!
Thank you for telling your story…and giving hope ❤
@GroundedLifeFinances
4 ай бұрын
You are so welcome
This is an inspiring video! I love the down to earth approach, and also the practical and fiscally responsible approach to the lifestyle design that was created. Thank you for sharing this!
Thanks so much for sharing your story!
@GroundedLifeFinances
3 ай бұрын
You are so welcome!
Thanks a Million! This video literally provides a blueprint of what to do if you’re dissatisfied where you are. Thanks for sharing your journey! Cheers! ❤
@GroundedLifeFinances
4 ай бұрын
You are so welcome!
I really appreciate your honest and straightforward advice. Both of you are such an honest humanist, we need more sincere people like you both.
You two are an adorable couple.
@GroundedLifeFinances
2 ай бұрын
Thanks!
Thank you so much for this video... been following you for years and really love the extra details I was not aware of and I'm even more inspired... thank you!
@GroundedLifeFinances
4 ай бұрын
That's awesome, thanks
I am subscribing just based off how real this video was. Thank you for sharing your journey. Very inspiring, I really want to experience living outside of the US at some point too.