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@duane7033
2 ай бұрын
I am so glad someone talked about retiring on 100,000 so many have talked about 250,000 or 500,000 & my wife & I don't have much for retirement, so it gives me hope. Thank you, please expand on bank interest, I had no idea it was so high.
@Morningdwnld
2 ай бұрын
Thanks. Check around at your local bank and online banks for high yield savings accounts.
@michaelchristophergutierre7244
6 ай бұрын
Good sobering video. This is not good idea for most . H Im 58 with a small retirement of 1500 per month I pull 500 per month from my saving but do not touch my investments. Im in the Carribean, i go to the beach 2 times a week, eat healthy food , gym membership have a puppy and life is good. It can be done . I rent an apartment 20 minutes away from the beach for 300 in a secure building .. I would never live long term overseas with all my eggs in on 100k. Other places is Thailand, Vietnam,Philippines, the Dominican Republic, Columbia. Thanks for the video
@Morningdwnld
6 ай бұрын
Where in the Carribean? Some places can get pretty expensive. I'm working on a video on how to live on $500K and I'd include those countries on that level.
@michaelchristophergutierre7244
6 ай бұрын
@@Morningdwnld I'm in Santo Domingo , the capital city. You can live here easily for 1500 or 10,000 per month depending on your lifestyle .
@motorcitymadman146
3 ай бұрын
Until the world hates the US for destroying the economy. Then your gonna be a target.
@China786
4 ай бұрын
Truth is in Pakistan interest rate is 9% on USD, that will give you nearly 900 per month to live and you can live in very modern and safe places with maid and servants in within that budget, it’s much safer place than you think and when you got that kind of money you will have the best medical care available, average salary there is about 200 USD per month
@Morningdwnld
4 ай бұрын
Thanks for your perspective
@jjdelamo6246
9 ай бұрын
Retire in the Philippines. $1,500/mo = comfortable living $3,000/mo = living like a King
@Morningdwnld
9 ай бұрын
Sounds nice. What’s the downside?
@China786
4 ай бұрын
Downside is Filipino gf😂😂😂,will drain you dry
@TheFavoriteColors
Ай бұрын
@@Morningdwnld downside is that it only works if you want to live in a foreign country
@theinfinitepassportTV
17 сағат бұрын
@@Morningdwnld crime
@funsunone
4 ай бұрын
Thank you for doing a report on a realistic amount of retirement savings.
@Morningdwnld
4 ай бұрын
Thanks for watching.
@deborahb.277
6 ай бұрын
Yes, make a video talking about different amounts and where one can retire. How about 250k, 500k, 750k, and 1 mil.
@Morningdwnld
6 ай бұрын
Working on it. Thanks!
@arizonanative7409
22 күн бұрын
I thought you were going to say you can live in a cardboard box if you have to live on $333 a month! Anyway, I am going to work as long as possible. But I did subscribe.
@Morningdwnld
21 күн бұрын
hopefully no one has to get that cheap. thanks for watching and subscribing!
@FromTheBiggining
2 күн бұрын
😂😂😂
@Pieter2360
Жыл бұрын
You can retire on 100k in any country which name ends with “stan” 😂 Jokes aside, it makes sense to consider lower cost locations, but having lived in several 3rd world / emerging market countries, I’ve experienced that its all fine, until you need urgent/complex medical care so that’s something to consider.
@Morningdwnld
Жыл бұрын
haha. Overall I think you're right, although some places in India, for example, have excellent hospitals with Western-trained doctors. What countries have you lived in? Sounds like you have some stories.
@sammencia7945
Жыл бұрын
Wrong. I can list 1000 cities one can retire to with $50k and a monthly $1k SSA check.
@Morningdwnld
Жыл бұрын
@@sammencia7945 There are a lot more options than most people realize, for sure.
@CC-mp5jc
Жыл бұрын
Please share the best cities you can retire with 50k
@terryloker2585
Жыл бұрын
@@sammencia7945 That's more than 100 k
@tracymorgan5386
Жыл бұрын
SS has had two increases in less than 2 years I think the average check now is a little over 1600 to a little over 1800 per month.
@Morningdwnld
Жыл бұрын
Yes, some big COLA adjustments. I wrote about that in the daily newsletter yesterday actually.
@anniesshenanigans3815
Ай бұрын
Many of us will retire with MUCH LESS. If I want to stay in my home, I will have to work part time once I 'retire'. SS will not cover my taxes, insurance, maintenance, and basic living expenses on my paid off home in SWFL. If I sell it, and move to a more rural and cheaper area of the country, then yes I will be able to live on it alone. Or another country. Or an RV or van. Many options. But not necessarily comfortable. I want a place that is for retirees. I have never considered India. Are there places that are not crowded? cooler temps? I guess I need to do some research. fyi. Ecuador has avg 8 to 10 percent yield rate if you plan to live there. Beaches, Mountains.. .lots of options.
@Morningdwnld
Ай бұрын
El Salvador is an up and coming, plus Thailand and SW Asia are favorites. India may not be a great option for single Western women.
@hello-ariel
Жыл бұрын
I want to see the 500k retirement video!
@Morningdwnld
Жыл бұрын
Ok! Thanks
@punisher6659
10 ай бұрын
@Morningdwnld I want to see the 500K video also.
@LisaGray1000
4 ай бұрын
Yes me too, thats where we are at. Well equity in our home in 500k
@TedBrk
3 ай бұрын
Nice video. Usually the video's talk about can I retire on 100k/year. For a lot of folks that is unrealistic. 100k will not work out for 99% of people but even the idea that it could work in some countries that might give some hope to anyone starting the FIRE journey or just having a really bad day at work :) Problem with any country living of 100k would be a market crash after retirement. That will crush your plans, so imo you should always have a backup plan if this is what you want to do. Always reserve at least enough money to be able to return to your homecountry (e.g. medical emergency). In most of the LCOL countries there is no social safety net. There are western beggars in those countries. People who were unfortunate enough to spend too much on a very tight budget. That said, I really admire people that ignore all the naysayers and follow their dreams/path. If you prepare yourself, understand the risks and are adventurous why not. #YOLO
@Morningdwnld
3 ай бұрын
Agree. An emergency fund is part of any solid plan, no matter where you live.
@raytailor9251
Жыл бұрын
Who wants to move to a country where citizens are trying to get out of? New subscriber.
@Morningdwnld
Жыл бұрын
Thanks for subscribing. Which country are you referring to?
@t0dd000
3 ай бұрын
Loads of Americans move to other countries. My in-laws very nearly moved to Belize. The only thing that stopped them was ready access to their grandchildren.
@naumanzakir8005
Жыл бұрын
You can live in Pakistan safely in gated communities like askari as they are goverened by army. The askari is like mini city with grocery shops, bekeries, cafe, gyms, etc
@Morningdwnld
Жыл бұрын
Right. That may work for some, but not most people. Do you live there?
@sammencia7945
Жыл бұрын
Askari is a Pakistani bank. There are a dozen locations and zones in Pakistan with the name "Askari" in them. Which lication, exactly, are you referring to?
@kanister21
Жыл бұрын
If you live like a local 100k is enough in Cambodia. But that standard of living is a bit too low for me. I lived with locals there for 2 months.
@Morningdwnld
Жыл бұрын
Thanks for sharing. Tell us more. How did yo like living there? What were the pros and cons?
@GRB777
4 ай бұрын
So which banks have these high interest accounts? That's the most important infomation for a video like this.
@Morningdwnld
4 ай бұрын
I've covered this a few times in the newsletter. It's much easier now since this video was made. Rates have gone up. What country are you in?
@MrNYyankees28
Жыл бұрын
I’m trying to retire in July at 50 years old with a 2900 a month pension, nothing else. Do you think it is possible?
@Morningdwnld
Жыл бұрын
Depends on what your expenses are. I suggest having a cushion in your monthly expenses and having an emergency fund because things always come up.
@glendacastillo6504
Жыл бұрын
I hope you don't live in TX. 2 bedrooms cost 1900, not including utilities, insurance, electric, water, thrash, phone, and internet
@rubenlapidot
Жыл бұрын
2.900 x5= 14.500 brasilian real. you can rent an apartament in Ilheus for 2.500 real and still have 12.000 real left.
@sbkpilot1
Жыл бұрын
You can easily, I live in Dallas and live very comfortably on $32K/yr. That includes a $5K trip to Switzerland this fall and $3K of other domestic travel expenses. My monthly expenses are $1800 including my rent of $1250. So, $1800 x 12 = $21,600 + $10,000 in annual expenses = $31,600. If you live overseas it would be MUCH cheaper. For example in Manila, Philippines you can easily find real nice AirBnbs for $500/month and if you rent long term it will be even cheaper. People throw around these outrageous numbers because they are very bad with finances and can't maintain and proper budget.
@Morningdwnld
Жыл бұрын
@@rubenlapidot Do you live in Ilheus? I've been to Salavador nearby and lived in Recife for 2 years.
@TeslaEVolution
3 ай бұрын
$100K MAYBE IN VIETNAM OR EL SALVADOR?
@Morningdwnld
3 ай бұрын
Could be. Which would you choose?
@renedominguez7621
Ай бұрын
I think 100k saved is fine, enjoying the rest of your money. What if you don’t make it to retirement anyways.THINK
@Morningdwnld
Ай бұрын
Gotta balance saving and enjoying
@MC-nf3js
Жыл бұрын
you can even retire on 0 dollars, like indigenous tribes from the amazon forest. Just don't expect a good quality of life and better learn some jungle survival skills.
@Morningdwnld
Жыл бұрын
True
@michaelchristophergutierre7244
6 ай бұрын
Also you did not talk about debasement of fiat which eats into that 100k. You simply have less purchasing power. This a point i do not hear any of these type of channels talk about.
@Morningdwnld
6 ай бұрын
You're right. I should be talking more about this, especially after the 20% increase in costs (or 20% decrease in purchasing power) we just had the past 3 years. I talk about it in the newsletter pretty often.
@manoverboardfiddyaintnuthi5314
3 ай бұрын
That’s. Not very realistic without a pension or SS. It’s extremely difficult to go from living in a first world country to living like a third world resident. It possible like winning the lottery is possible but you don’t base your future on it.
@Morningdwnld
3 ай бұрын
It’s a good idea to travel and try the spots you may want to move to beforehand. Is there anywhere you’d live?
@hamjaq992
10 ай бұрын
Do a 500k video please
@Morningdwnld
10 ай бұрын
Thanks for the request!
@bjbanks1130
5 ай бұрын
Cambodia here I come
@Morningdwnld
5 ай бұрын
write us a postcard
@sbw89
4 ай бұрын
100k? Definitely not in the United States. In addition to social security, you could sell options for premium against your 100k. Taking Palantir stock as an Example: $100,000 ÷ $23 (current stock price). = 4,347 shares. ÷ 100 = 43 (call contracts you can sell against your shares). Using a .20 delta with an expiration that goes two weeks out, that's roughly $35 per contract. 43 (contracts) x $35 = $1,505. So for a month, you'd have $3,010 (approx). Plus social security taking your average $1,500/mo. That's $4,510/mo. That's plenty to live in the following countries: Argentina Ecuador Peru Mexico Costa Rica Puerto Rico Philippines Cambodia Vietnam China Indonesia Thailand Arkansas (😆) Note: I love Indians however, India is not a fun country to be in. Pakistan is dangerous.
@Morningdwnld
4 ай бұрын
Did you watch the video?
@glendacastillo6504
Жыл бұрын
$100,000 is not enough. I hope you have monthly pension.
@Morningdwnld
Жыл бұрын
Depends on where you live.
@sammencia7945
Жыл бұрын
Wrong. You want too much. $1k SSA and 50k is enough.
@glendacastillo6504
Жыл бұрын
@@sammencia7945 Not in TX, USA.
@terryloker2585
Жыл бұрын
@@sammencia7945 what's SSA??
@timahawk3220
11 сағат бұрын
@@sammencia7945😂
@FBA-Renaissance
Жыл бұрын
Wow!! Great info 🥳🥳🥳🥳🥳🥳 THANKS I'm subscribing NOW!!!
@Morningdwnld
Жыл бұрын
Welcome aboard!
@GreasyReecey
Жыл бұрын
Never
@Morningdwnld
Жыл бұрын
Keep saving then :)
@stephencotton2694
2 ай бұрын
No way im moving to any of the stans😂id rather live off my social security live in low income senior housing get free health insurance medicare/medicaide assistance with food stamps free public transport pass and stay in the Great city of boston also why isn't he including social security when you include that uou can stay jn the united states also you can live in Europe
@Morningdwnld
2 ай бұрын
I hear you. I think I didn’t include social security didn’t I? Either way, that’s def a factor
@livefreeandwise6044
4 ай бұрын
How the hell are you going to retire in India as a US citizen when you can only stay there a total of 6 months over the course of 10 years???
@Morningdwnld
4 ай бұрын
Get a residency visa. It's possible in many countries.
Пікірлер: 101