Retire sell everything to travel ? How did we do it?

Financial advisors from banks don’t have money nor experience to provide sound advice. I follow a mantra from a person that has waaaaay more money than I do …. “ never invest your money with someone that has less money than you do” (hence I follow the big wigs because if works for them, it will work for me)

I think it's great that you did this yourselves. You made something happen to change your path to retirement and travel. Well done!

Yes, stock market investments...the long haul !!! The returns over time, have been very sweet. The only asset I left untouched in Canada when I left 23 years ago was my RRSP, and you are right about the 25% tax rate if I decide to pull out the funds, or if I take irregular or varying occasional distributions. There is another option for me, if I convert it to a fixed monthly annuity, the tax rate will only be 15%. Due to a treaty between Canada & the US, I haven't had to deal with any taxation on my Cdn RRSP yet, because I haven't touched it since I left. I have yet to decide to pay the 25% and take all the funds out, or convert it to a fixed monthly annuity... but to be honest, it's a low priority for now. I'll eventually decide what I'll do with it. Very nice video, and smart planning on your part 😁👍👍

14:33 I often say the grass is always greener on the other side because is on the top of the septic tank (meaning … full of shit)

11:49 I love this quote Craig !

Hello to the smart one's 🤫Love your common cent's views and your talk .Sounds like you got a good price for the house .Good for you guy's ❤️🏆🤫p.s. I will rewatch a couple more times .Great open end video 💰💰💰👌

That was fantastic advice! Thanks for sharing!

Good Tips Guys !Craig thanks for sharing this.

Hey guys great topic. Craig you are like Lori bet you have an Excel spreadsheet planning out your investments and forecasting you savings. Congrats and here's to your future success.

Sounds like a good plan 👍

This answers a lot of questions I had about how you two got to this place. I appreciate that you are open to sharing your plan, very similar to mine. My retirement countdown clock is ticking down.

First! 🙌

Glad you did the homework and wise advice to take time...its a Marathon not a race! Thanks for sharing your story!!:face-red-heart-shape::face-red-heart-shape:

This place looks familiar 😂 0:15

Great advice on patience and time in the market. Panic selling kills your portfolio. I keep at least 2 years expenses in liquid safe assets to buffer market down turns. You should also have flexibility in expenses to get through downturns. If you are too close to the edge a large unexpected expense can tank your plan as well.

Canada is a depressed economy, high taxation and inflation. A friend that once worked for Revenue Canada told me that they mine you as a resource. They go after the little guy because it’s easier 😮

Love the quotes! And I'm taking notes! I may not be Canadian, but I bet a bunch of your tips help :D

Thanks for the update

Good deal

Craig another great video, A few questions for both of you, My wife and I are wondering where are you guys staying when your not traveling? Are you renting an apartment in Alberta? Airbnb? Also can you recommend a place to stay as we are looking to go to Panama in Jan. 2025 and meet up with the master! Since we never been in Panama will 3 weeks be too much? Did Lucinda and yourself feel safe while in Costa Rica? My wife Cindy is telling me that we should stay away she's reading about kidnapping assaults (1st of heard of any of this, I thought it was a safe country to travel then again maybe not!). Also we want to do Machu Picchu Peru, how long do you recommend and approximately what will it cost us. We are the same budget travellers nothing fancy we just want to get out and travel while we still can. Let us know if your planning on coming by Toronto GTA we gotta meet up! Lots to talk about!! :)