Why You'll Never Spend Your Retirement Savings in Asia!

I've helped about I've helped about 140 people move to 140 people move to 140 people move to Southeast Southeast Southeast Asia, and honestly, Asia, and honestly, Asia, and honestly, they all worry they all worry they all worry about the same thing—that about the same thing—that about the same thing—that they'll run out of they'll run out of they'll run out of money. However, you money. However, you money. However, you never see this never see this never see this number: 11.8%. This is the number: 11.8%. This is the number: 11.8%. This is the median measure median measure median measure of how much of their of how much of their of how much of their savings savings savings the average the average the average American American American retiree with half a retiree with half a retiree with half a million dollars million dollars million dollars or more spent 20 or more spent 20 or more spent 20 years after years after years after retirement. What does this mean? retirement. What does this mean? retirement. What does this mean? This means that if you This means that if you This means that if you truly save truly save truly save for retirement, you will for retirement, you will for retirement, you will likely likely likely never run out of anything. After never run out of anything. After never run out of anything. After 20 years, 88% of 20 years, 88% of 20 years, 88% of most people in most people in most people in America still have money in their America still have money in their America still have money in their accounts. Most accounts. Most accounts. Most people save for people save for people save for decades, decades, decades, retire, and retire, and retire, and don't spend those don't spend those don't spend those funds. They're afraid, funds. They're afraid, funds. They're afraid, right? And this is in America right? And this is in America , where life is very expensive , where life is very expensive , where life is very expensive and getting even more expensive. This and getting even more expensive. This and getting even more expensive. This means that most means that most means that most of you who of you who of you who behave behave behave conservatively, who conservatively, who conservatively, who wait to do what wait to do what wait to do what you think is you think is you think is right, will die right, will die right, will die having spent most of having spent most of having spent most of your your your energy and the energy and the energy and the savings you savings you savings you have earned over your have earned over your have earned over your lifetime. But you don't lifetime. But you don't lifetime. But you don't have to do that have to do that , okay? Imagine a , okay? Imagine a , okay? Imagine a man who man who man who has retired in has retired in has retired in Southeast Southeast Southeast Asia. This guy, or Asia. This guy, or Asia. This guy, or another one, where one another one, where one another one, where one Social Social Social Security check Security check Security check covers the entire month. covers the entire month. covers the entire month. Most of these Most of these Most of these people won't people won't people won't even spend 11%. Some of them even spend 11%. Some of them even spend 11%. Some of them won't spend anything at all won't spend anything at all won't spend anything at all , right? My , right? My , right? My basic retirement basic retirement basic retirement capital hasn't decreased capital hasn't decreased capital hasn't decreased in the 30 months since in the 30 months since in the 30 months since I quit my I quit my I quit my job for good, even though I job for good, even though I job for good, even though I only put away 200k, only put away 200k, only put away 200k, and that's what and that's what and that's what this video is about, after all. Here's why this video is about, after all. Here's why this video is about, after all. Here's why you'll likely you'll likely never spend never spend never spend your retirement your retirement your retirement savings here, and what savings here, and what savings here, and what that means for you that means for you that means for you in terms of when you in terms of when you in terms of when you can actually can actually can actually stop working.

stop working. stop working. And great, you know, if And great, you know, if And great, you know, if you want to prove me you want to prove me you want to prove me wrong, try it. wrong, try it. wrong, try it. Be a cynic. A Be a cynic. A Be a cynic. A quick note quick note quick note before we begin: I am not a before we begin: I am not a before we begin: I am not a financial advisor. This is just how financial advisor. This is just how financial advisor. This is just how I think I think I think about my own money and about my own money and about my own money and what the what the what the research says. You research says. You research says. You must must must do do do the planning yourself or you the planning yourself or you the planning yourself or you can use the can use the can use the link below link below link below if you want to if you want to if you want to contact me at contact me at contact me at costoflivingabroad.com. This is what costoflivingabroad.com. This is what retirees actually do. This is retirees actually do. This is factual data factual data factual data based on based on based on information, it is not an information, it is not an information, it is not an assumption. We'll assumption. We'll assumption. We'll start with the start with the start with the research, because research, because research, because it's shocking to almost it's shocking to almost it's shocking to almost everyone who sees everyone who sees everyone who sees these numbers, right? In 2018, the these numbers, right? In 2018, the Employee Benefits Research Institute Employee Benefits Research Institute tracked tracked tracked retirees for the retirees for the retirees for the first 18–20 years first 18–20 years first 18–20 years after after after retirement and asked them a retirement and asked them a retirement and asked them a simple question. simple question. simple question. How much of their How much of their How much of their savings did they savings did they savings did they actually spend? actually spend? actually spend? Retirees who Retirees who Retirees who started with less than started with less than started with less than $200,000, meaning people who $200,000, meaning people who had less had less had less than I did, spent than I did, spent than I did, spent about a quarter, 25%. about a quarter, 25%. about a quarter, 25%. People with capital from People with capital from People with capital from 200 to 500 thousand 200 to 500 thousand 200 to 500 thousand spent 27%. People with spent 27%. People with spent 27%. People with more than $500,000 more than $500,000 more than $500,000 spent 11.8% of their spent 11.8% of their spent 11.8% of their retirement savings retirement savings retirement savings almost two almost two almost two decades after decades after decades after retirement, retirement, retirement, right? This is simply right? This is simply right? This is simply amazing. This amazing. This amazing. This literally means that literally means that literally means that you have saved 10 times you have saved 10 times you have saved 10 times more than you need to.

more than you need to. more than you need to. You worked You worked You worked ten times longer than ten times longer than ten times longer than necessary. Well, a third of necessary. Well, a third of necessary. Well, a third of all the retirees who all the retirees who all the retirees who were were were monitored monitored monitored had more money at the end had more money at the end had more money at the end than they had at the than they had at the than they had at the beginning. beginning. beginning. The average The average The average American dies American dies American dies with the highest wealth, the with the highest wealth, the with the highest wealth, the highest of his or her lifetime highest of his or her lifetime , right? This is confusing. , right? This is confusing. , right? This is confusing. People with pensions hardly People with pensions hardly People with pensions hardly touch their touch their touch their savings, right? savings, right? savings, right? Over 18 years, median Over 18 years, median Over 18 years, median assets, excluding assets, excluding assets, excluding real estate, real estate, real estate, have decreased by 4%. People have decreased by 4%. People have decreased by 4%. People without a pension spent without a pension spent without a pension spent 34%. So, a guaranteed 34%. So, a guaranteed 34%. So, a guaranteed monthly check monthly check monthly check definitely has an impact definitely has an impact definitely has an impact on consciousness. When on consciousness. When on consciousness. When the check covers the check covers the check covers living expenses, you don't living expenses, you don't living expenses, you don't touch your savings. touch your savings. touch your savings. And, frankly, it's a And, frankly, it's a And, frankly, it's a bad plan. The same bad plan. The same bad plan. The same study found study found study found that retirees of that retirees of all ages all ages all ages spend about as much as they spend about as much as they earn. The median earn. The median ratio ratio ratio fluctuated around fluctuated around fluctuated around unity. People unity. People unity. People spend what spend what spend what comes in and don't comes in and don't comes in and don't dip into what they've accumulated dip into what they've accumulated dip into what they've accumulated because they've programmed their because they've programmed their because they've programmed their brains not to touch it, brains not to touch it, brains not to touch it, okay? And I know okay? And I know okay? And I know you're going to say, "Oh, you're going to say, "Oh, you're going to say, "Oh, that's great. My children that's great. My children that's great. My children will be able to will be able to will be able to inherit this." No, that's a inherit this." No, that's a inherit this." No, that's a bad plan. If bad plan. If bad plan. If you want to give something to you want to give something to you want to give something to your children, give it to them your children, give it to them your children, give it to them now, okay? now, okay? now, okay? Last year, two Last year, two pension researchers, pension researchers, Blanchett and Finke, Blanchett and Finke, Blanchett and Finke, looked at it from a looked at it from a looked at it from a different perspective. What do different perspective. What do pensioners actually spend? Where does the pensioners actually spend? Where does the money go? They money go? They money go? They found that found that found that retirees retirees retirees spend about 80% of spend about 80% of their guaranteed their guaranteed their guaranteed lifetime income— lifetime income— Social Social Social Security, pensions, Security, pensions, Security, pensions, annuities—but less than annuities—but less than annuities—but less than half of their half of their half of their investment income. For a investment income. For a investment income. For a 65-year-old couple, 65-year-old couple, 65-year-old couple, the money they the money they the money they withdrew from their savings each year withdrew from their savings each year was about 2%.

was about 2%. Everyone knows the magic Everyone knows the magic Everyone knows the magic number, right? What is this number, right? What is this number, right? What is this magic number? magic number? magic number? Say it with me Say it with me . Well, you know this . Well, you know this . Well, you know this famous rule. It famous rule. It famous rule. It says you can take 4% says you can take 4% . . . The average The average The average retiree takes retiree takes retiree takes two. Half. So, two. Half. So, two. Half. So, people perceive a check, people perceive a check, people perceive a check, social social social security, as security, as security, as money for living, and money for living, and money for living, and savings as savings as savings as money to be money to be money to be protected. They'll protected. They'll protected. They'll spend their spend their spend their Social Social Social Security check and Security check and Security check and sit on a pile of sit on a pile of sit on a pile of gold like a dragon in a gold like a dragon in a gold like a dragon in a cave or something, cave or something, cave or something, okay? okay? okay? Combining these two Combining these two Combining these two studies yields a studies yields a studies yields a simple simple simple rule of thumb. If your rule of thumb. If your rule of thumb. If your guaranteed income guaranteed income guaranteed income covers your life, you are covers your life, you are covers your life, you are more likely to not more likely to not more likely to not spend your spend your spend your savings. In savings. In savings. In America, for America, for America, for most people, most people, most people, Social Social Social Security no longer Security no longer Security no longer covers the cost of covers the cost of covers the cost of living. Here it living. Here it living. Here it usually covers, and usually covers, and usually covers, and often often often remains. So if remains. So if remains. So if you have a decent you have a decent you have a decent amount of savings and amount of savings and amount of savings and Social Social Social Security is coming, you Security is coming, you Security is coming, you can can can spend to close the spend to close the spend to close the gap, right? gap, right? gap, right? Let's say you're 55, you Let's say you're 55, you Let's say you're 55, you have to hold out have to hold out have to hold out until 62, and then the payments will start until 62, and then the payments will start until 62, and then the payments will start coming in. You coming in. You coming in. You spend over 7 spend over 7 spend over 7 years to fill years to fill years to fill this gap. We this gap. We this gap. We will analyze the detailed will analyze the detailed will analyze the detailed calculations for calculations for calculations for Southeast Southeast Southeast Asia, how it works. Asia, how it works. Asia, how it works. Believe me, I've talked Believe me, I've talked Believe me, I've talked to many people, to many people, to many people, literally dozens, literally dozens, literally dozens, who explained how who explained how who explained how they did it, and it they did it, and it they did it, and it amazed them. And all amazed them. And all amazed them. And all they had to do they had to do was sell their was sell their was sell their house, and that was it. They are house, and that was it. They are house, and that was it. They are free forever.

free forever. free forever. The average American The average American The average American Social Social Social Security pension in Security pension in Security pension in 2026 is 2026 is 2026 is $2,071 per month, right? $2,071 per month, right? I will name I will name eight different eight different eight different places for a comfortable life as a single person. I appreciated them in places for a comfortable life as a single person. I appreciated them in places for a comfortable life as a single person. I appreciated them in all these videos. I all these videos. I all these videos. I have listed these have listed these have listed these numbers many times: numbers many times: numbers many times: a one-room a one-room a one-room apartment in the center, apartment in the center, apartment in the center, new food costs new food costs new food costs plus 15%. I add plus 15%. I add plus 15%. I add $300 a month for $300 a month for $300 a month for health insurance and health insurance and health insurance and visa. In other words, visa. In other words, visa. In other words, I am very I am very I am very conservative in my conservative in my conservative in my calculations. In calculations. In calculations. In Siem Reap, if you live like this Siem Reap, if you live like this Siem Reap, if you live like this , it costs , it costs , it costs about $1,100. In about $1,100. In about $1,100. In Hanoi—1280. In Penang— Hanoi—1280. In Penang— 1340. In Danang—1380. In 1340. In Danang—1380. In 1340. In Danang—1380. In Chiang Mai—1450. In Chiang Mai—1450. In Chiang Mai—1450. In Saigon, where I live, it's Saigon, where I live, it's Saigon, where I live, it's about 1,500. In Kuala about 1,500. In Kuala Lumpur, it's about 1,640. Lumpur, it's about 1,640. Lumpur, it's about 1,640. In Phnom Penh, it's about In Phnom Penh, it's about In Phnom Penh, it's about 1,690. So, have you noticed? 1,690. So, have you noticed? 1,690. So, have you noticed? None of these numbers, None of these numbers, None of these numbers, literally none, literally none, literally none, exceed 2000, exceed 2000, exceed 2000, okay? So, okay? So, okay? So, a few details. These are a few details. These are a few details. These are real cities, and these are not real cities, and these are not real cities, and these are not averages. In averages. In averages. In Hanoi, a central Hanoi, a central Hanoi, a central one-bedroom one-bedroom one-bedroom apartment costs 10.8 apartment costs 10.8 apartment costs 10.8 million dong, which is million dong, which is million dong, which is about $416. In about $416. In about $416. In Danang, it is now Danang, it is now Danang, it is now about 13.6 million, about 13.6 million, about 13.6 million, or $525. In or $525. In or $525. In Penang—1,648 Penang—1,648 Penang—1,648 ringgit, or ringgit, or ringgit, or about $404. In about $404. In about $404. In Chiang Mai—16,000 baht, Chiang Mai—16,000 baht, Chiang Mai—16,000 baht, which is $480. In which is $480. In which is $480. In Siem Reap—235 dollars Siem Reap—235 dollars . You can do it . You can do it , friends, right? Each , friends, right? Each , friends, right? Each of these cities allows you of these cities allows you of these cities allows you to live on one pension, and to live on one pension, and to live on one pension, and still have still have still have a lot of money left over. In a lot of money left over. In a lot of money left over. In Danang, you have Danang, you have $684 left each month. In Hanoi $684 left each month. In Hanoi you will have 791. In you will have 791. In you will have 791. In Siem Reap you will have Siem Reap you will have Siem Reap you will have 961. You can 961. You can 961. You can save almost save almost save almost $1,000 a month $1,000 a month $1,000 a month on social on social on social assistance in Cambodia. A assistance in Cambodia. A assistance in Cambodia. A retiree retiree retiree moving to

moving to moving to Da Nang, right? Da Nang, right? Da Nang, right? Social Social Social security is security is security is enough for everyone. enough for everyone. enough for everyone. Rent, food, Rent, food, Rent, food, insurance, visa. There insurance, visa. There insurance, visa. There should be should be should be money left over every month. And money left over every month. And money left over every month. And again, if you don't take again, if you don't take again, if you don't take my word for it, my word for it, my word for it, you can watch the you can watch the you can watch the dozens of interviews dozens of interviews dozens of interviews I've done with retirees I've done with retirees I've done with retirees here in Vietnam, here in Vietnam, here in Vietnam, Thailand, or guys Thailand, or guys Thailand, or guys in the Philippines. Many in the Philippines. Many in the Philippines. Many of them are able to of them are able to of them are able to save a portion of save a portion of save a portion of their monthly their monthly their monthly fixed income. fixed income. fixed income. Why would they Why would they Why would they sell shares then? They sell shares then? They sell shares then? They don't do that, do they don't do that, do they don't do that, do they ? The portfolio ? The portfolio ? The portfolio just sits there and just sits there and just sits there and grows, which sounds grows, which sounds grows, which sounds great because it's great because it's great because it's insurance, it's security insurance, it's security . This is a terrible plan, . This is a terrible plan, . This is a terrible plan, right? Don't leave right? Don't leave right? Don't leave your your your retirement savings unattended. It's retirement savings unattended. It's retirement savings unattended. It's just, well, it's just, well, it's just, well, it's depreciating, depreciating, depreciating, man. This is terrible. man. This is terrible. man. This is terrible. This is not the best idea. The This is not the best idea. The This is not the best idea. The Center for Retirement Research Center for Retirement Research analyzed the analyzed the Federal Federal Federal Reserve's Reserve's Reserve's 2022 report. For working 2022 report. For working 2022 report. For working households households households ages 55 to 64 ages 55 to 64 who have a 401k or IRA, the who have a 401k or IRA, the who have a 401k or IRA, the median balance median balance median balance is $204,000. is $204,000. is $204,000. Again, that's not a Again, that's not a Again, that's not a lot of lot of lot of money at home. That's money at home. That's money at home. That's big money here, isn't big money here, isn't big money here, isn't it? However, only it? However, only it? However, only about half of about half of about half of households of households of households of that age that age that age have them at all. So, if have them at all. So, if have them at all. So, if you have them, you are already you have them, you are already you have them, you are already better off better off better off than half of your than half of your than half of your neighbors. If you have neighbors. If you have neighbors. If you have no savings at all no savings at all no savings at all , I , I , I apologize. However, apologize. However, apologize. However, $204,000 in America is $204,000 in America is , frankly, not a , frankly, not a , frankly, not a pension. And here it is. That's pension. And here it is. That's pension. And here it is. That's just the way it is, right just the way it is, right ? You will be told that ? You will be told that ? You will be told that it is not enough in it is not enough in it is not enough in Ohio, Florida or Ohio, Florida or Ohio, Florida or Illinois, and that is Illinois, and that is Illinois, and that is true. Here in true. Here in true. Here in Vietnam, nearby in Vietnam, nearby in Vietnam, nearby in Cambodia, in Danang Cambodia, in Danang Cambodia, in Danang and Siem Reap, that's and Siem Reap, that's and Siem Reap, that's enough. All you enough. All you enough. All you need is to need is to need is to reach reach reach Social Social Social Security, which Security, which Security, which will cover the rest of will cover the rest of will cover the rest of your life.

your life. your life. Honestly, you will Honestly, you will Honestly, you will feel very feel very feel very comfortable. If you comfortable. If you comfortable. If you leave $200,000 leave $200,000 leave $200,000 untouched for 5 untouched for 5 untouched for 5 years, it will years, it will years, it will turn turn turn into about $260,000. At into about $260,000. At into about $260,000. At 5% per annum, after 5 years 5% per annum, after 5 years 5% per annum, after 5 years you will have about you will have about you will have about $260,000 with $260,000 with $260,000 with compound interest compound interest . In 10 years it will . In 10 years it will . In 10 years it will be 330,000. In 20 be 330,000. In 20 be 330,000. In 20 years you will have years you will have years you will have approximately 540,000 approximately 540,000 approximately 540,000 dollars. Please, dollars. Please, dollars. Please, if you are nervous if you are nervous if you are nervous about money and about money and about money and think you can't think you can't think you can't afford to afford to afford to retire, I'm telling you retire, I'm telling you retire, I'm telling you right now: if right now: if right now: if you have 200,000 in savings you have 200,000 in savings you have 200,000 in savings or you can sell your or you can sell your or you can sell your apartment, get apartment, get apartment, get your 200,000 and put your 200,000 and put your 200,000 and put it in a savings account it in a savings account — just do it. — just do it. — just do it. Just try it. Just try it. Just try it. The worst thing, my friends, The worst thing, my friends, The worst thing, my friends, the worst thing that can the worst thing that can the worst thing that can happen is that happen is that happen is that you will simply you will simply you will simply have to have to have to go home. That's go home. That's go home. That's all. 4% of 204,000 all. 4% of 204,000 is $680 per is $680 per is $680 per month. 2%, as month. 2%, as month. 2%, as real real real retirees usually do, is retirees usually do, is retirees usually do, is about $340 per about $340 per about $340 per month. So, in month. So, in month. So, in Da Nang, any of Da Nang, any of Da Nang, any of these amounts are additional these amounts are additional these amounts are additional money to the life that is money to the life that is money to the life that is already paid for if you already paid for if you already paid for if you live on social live on social live on social security. If you security. If you security. If you add it all up, add it all up, add it all up, after 10 years you'll have after 10 years you'll have after 10 years you'll have about 435,000, about 435,000, about 435,000, even if you were even if you were even if you were spending 4% per year, spending 4% per year, spending 4% per year, right? So, a person right? So, a person right? So, a person who was told that she did who was told that she did who was told that she did n't n't n't save enough, after 10 save enough, after 10 save enough, after 10 years of retirement, has years of retirement, has years of retirement, has twice as much as she did at the twice as much as she did at the twice as much as she did at the time of her time of her time of her retirement. Which retirement. Which retirement. Which will probably happen to me too. And will probably happen to me too. And will probably happen to me too. And friends, I promise, once friends, I promise, once friends, I promise, once my kids my kids my kids graduate from school and I'm graduate from school and I'm graduate from school and I'm left alone, if left alone, if left alone, if that happens, I'll that happens, I'll that happens, I'll do whatever the hell I do whatever the hell I do whatever the hell I want. I go on want. I go on want. I go on cruises, I have fun, I cruises, I have fun, I cruises, I have fun, I fly, damn it, fly, damn it, fly, damn it, business class, I business class, I business class, I enjoy it.

enjoy it. enjoy it. The math doesn't give you a The math doesn't give you a The math doesn't give you a reason to spend reason to spend reason to spend money. And experience gives, money. And experience gives, money. And experience gives, right? The whole point of this right? The whole point of this right? The whole point of this game of working, of game of working, of game of working, of saving money, saving money, is to buy real is to buy real is to buy real life experience here, life experience here, life experience here, on Earth, in on Earth, in on Earth, in reality, during life. reality, during life. Yes. The Yes. The U.S. Bureau of Labor Statistics reports U.S. Bureau of Labor Statistics reports U.S. Bureau of Labor Statistics reports that households that households that households headed by people age headed by people age headed by people age 65 and 65 and 65 and older spent older spent older spent $61,432 in 2024. That's $61,432 in 2024. That's $61,432 in 2024. That's about 5,100 a month about 5,100 a month about 5,100 a month in the US, you know? That's in the US, you know? That's in the US, you know? That's easily double what easily double what easily double what you would spend you would spend you would spend here. The average here. The average here. The average Social Social Social Security check covers Security check covers Security check covers about 40% of that about 40% of that about 40% of that life at home, okay? life at home, okay? life at home, okay? This is not enough. The This is not enough. The This is not enough. The remaining 3,050 per month remaining 3,050 per month remaining 3,050 per month has to has to has to come from somewhere, right? That's a come from somewhere, right? That's a come from somewhere, right? That's a difference of 36,000 per year that you'll difference of 36,000 per year that you'll difference of 36,000 per year that you'll spend from your spend from your spend from your savings to savings to savings to try to retire at try to retire at try to retire at home for a home for a home for a completely average, completely average, completely average, mundane existence. mundane existence. mundane existence. These costs mean These costs mean These costs mean you need almost a you need almost a you need almost a million dollars, 900,000, million dollars, 900,000, million dollars, 900,000, using the using the using the 4% rule, right? You 4% rule, right? You 4% rule, right? You need about need about need about $914,000 to cover $914,000 to cover $914,000 to cover that difference for the rest of your that difference for the rest of your that difference for the rest of your life, playing it life, playing it life, playing it safe. Look safe. Look safe. Look at it from the other side, at it from the other side, at it from the other side, okay? Take that okay? Take that okay? Take that median 204,000, median 204,000, median 204,000, subtract 4%, and add subtract 4%, and add subtract 4%, and add the average the average the average Social Social Social Security check, that's Security check, that's Security check, that's $2,751 per month.

$2,751 per month. $2,751 per month. Much more than Much more than Much more than you need here. you need here. you need here. The average American The average American senior household senior household spends $5,100 at home. spends $5,100 at home. spends $5,100 at home. You're still You're still You're still missing $2,368 missing $2,368 missing $2,368 each month. The math each month. The math each month. The math doesn't work. You doesn't work. You doesn't work. You can't can't can't retire in America with retire in America with retire in America with 200k. 914,000 in 200k. 914,000 in 200k. 914,000 in America, zero here or a America, zero here or a America, zero here or a small amount to small amount to small amount to cover the difference. cover the difference. cover the difference. Same person, same Same person, same Same person, same check. The only thing that check. The only thing that check. The only thing that has changed is has changed is has changed is the value of your the value of your the value of your life, the value of your life, the value of your life, the value of your life, the value of its life, the value of its life, the value of its quality. This is, ultimately, the quality. This is, ultimately, the quality. This is, ultimately, the reason why I reason why I reason why I argue that so argue that so argue that so many people should many people should many people should move now, move now, move now, should quit their should quit their should quit their jobs now. Yes, jobs now. Yes, jobs now. Yes, of course, people of course, people of course, people resist, they resist, they resist, they argue with me, argue with me, argue with me, but that's the point. but that's the point. but that's the point. If you're 58, If you're 58, If you're 58, four years away from retirement, have $ four years away from retirement, have $ four years away from retirement, have $ 200,000 in savings, and 200,000 in savings, and 200,000 in savings, and plan to work plan to work plan to work until you reach until you reach until you reach some big some big some big American number, American number, American number, 65, 70, you may 65, 70, you may 65, 70, you may be literally working be literally working be literally working for a number you'll for a number you'll for a number you'll never never never need. This is the need. This is the need. This is the thesis, the main idea. thesis, the main idea. thesis, the main idea. Every year you Every year you Every year you work to reach work to reach work to reach 900,000 is a year you 900,000 is a year you 900,000 is a year you could have spent could have spent could have spent retiring in Penang, in retiring in Penang, in retiring in Penang, in Malaysia, in Chiang Mai. Malaysia, in Chiang Mai. Malaysia, in Chiang Mai. You know, you could You know, you could You know, you could hang out and hang out and hang out and enjoy enjoy enjoy your best your best your best years in Bangkok or years in Bangkok or years in Bangkok or Phuket while your Phuket while your Phuket while your portfolio grows or portfolio grows or portfolio grows or stays stays stays the same. And I know this the same. And I know this the same. And I know this from my own experience, from my own experience, from my own experience, because I almost because I almost because I almost made a mistake, made a mistake, made a mistake, right? About 10 years right? About 10 years right? About 10 years ago I returned and ago I returned and ago I returned and got a got a got a job in Canada. I've already job in Canada. I've already job in Canada. I've already been to Koh Tao. Why did been to Koh Tao. Why did been to Koh Tao. Why did I do this? God knows.

I do this? God knows. I do this? God knows. Probably because I Probably because I Probably because I considered it a considered it a considered it a responsible responsible responsible act. I spent act. I spent act. I spent a few years there, but it a few years there, but it a few years there, but it cost me cost me cost me decades of experience. decades of experience. decades of experience. If you don't If you don't If you don't understand this, you simply understand this, you simply understand this, you simply don't understand don't understand don't understand math. My math. My math. My fault. Sorry. But fault. Sorry. But fault. Sorry. But when I finally when I finally when I finally moved to Vietnam moved to Vietnam moved to Vietnam in 2019, my expenses in 2019, my expenses in 2019, my expenses dropped so much that I dropped so much that I dropped so much that I started saving 70% of started saving 70% of my teaching my teaching my teaching salary. In 2024, at the age of salary. In 2024, at the age of salary. In 2024, at the age of 40, I was able to 40, I was able to 40, I was able to stop working. stop working. stop working. My portfolio My portfolio My portfolio continues to grow, continues to grow, continues to grow, even though I no longer receive even though I no longer receive even though I no longer receive a salary, because my a salary, because my a salary, because my life here is worth life here is worth life here is worth less than what my less than what my less than what my portfolio and a small part-time portfolio and a small part-time portfolio and a small part-time job bring in. This is job bring in. This is job bring in. This is reality. This is reality. This is reality. This is impossible at home. The point is, impossible at home. The point is, impossible at home. The point is, I was worried, I was worried, I was worried, but I didn't need a but I didn't need a but I didn't need a larger amount. larger amount. larger amount. I needed a I needed a I needed a cheaper life. Do cheaper life. Do cheaper life. Do you understand? I didn't you understand? I didn't you understand? I didn't need any more need any more need any more savings. I savings. I savings. I needed less needed less needed less spending. I needed to spending. I needed to spending. I needed to change this change this change this gap. This is the main gap. This is the main gap. This is the main fundamental fundamental fundamental misunderstanding that misunderstanding that misunderstanding that most people don't most people don't most people don't understand and get understand and get understand and get confused about when confused about when confused about when trying trying trying to calculate everything to calculate everything to calculate everything at home. Some of you at home. Some of you at home. Some of you may ask: yes, but may ask: yes, but may ask: yes, but what if Social what if Social what if Social Security Security Security is cut by 2032?

is cut by 2032? is cut by 2032? The first thing people write The first thing people write The first thing people write in the comments on such in the comments on such in the comments on such videos is that the videos is that the social security system social security system will go bankrupt. It will will go bankrupt. It will will go bankrupt. It will end. It will end. It will end. It will run out. So run out. So run out. So why don't we why don't we why don't we talk about talk about talk about real numbers? About real numbers? About real numbers? About the report of the the report of the the report of the board of trustees. In June, the board of trustees. In June, the board of trustees. In June, the Social Security Board of Trustees Social Security Board of Trustees published its report for published its report for the year. The the year. The pension pension trust fund is projected to trust fund is projected to trust fund is projected to be exhausted in the be exhausted in the be exhausted in the last quarter of last quarter of last quarter of 2032. If Congress 2032. If Congress 2032. If Congress does nothing, does nothing, does nothing, payments will be payments will be payments will be cut to 78% of cut to 78% of cut to 78% of planned levels. planned levels. planned levels. Last year's report Last year's report Last year's report indicated 2033, indicated 2033, indicated 2033, so the deadline has actually so the deadline has actually so the deadline has actually come a year closer. 78% come a year closer. 78% of the average check of the average check is $1,615. The is $1,615. The is $1,615. The list of eight list of eight list of eight Southeast Southeast Southeast Asian cities I Asian cities I Asian cities I mentioned is still mentioned is still mentioned is still full of places where you can full of places where you can full of places where you can live for that amount of money. live for that amount of money. I think about six I think about six out of eight. I'll bring up out of eight. I'll bring up out of eight. I'll bring up the graphics on the screen so the graphics on the screen so the graphics on the screen so we can see the real we can see the real we can see the real picture, okay? picture, okay? picture, okay? Take a look at these same Take a look at these same Take a look at these same eight cities if you eight cities if you eight cities if you can fit into that can fit into that can fit into that smaller smaller smaller Social Security amount. In Social Security amount. In Social Security amount. In Siem Reap you still have Siem Reap you still have about $500 left per about $500 left per month. In Hanoi, you will have month. In Hanoi, you will have month. In Hanoi, you will have about about about $335 left. In $335 left. In $335 left. In Penang—270. In Da Nang, it is Penang—270. In Da Nang, it is 220. In Chiang Mai, there are about 220. In Chiang Mai, there are about 220. In Chiang Mai, there are about 160. In Saigon, you will have a 160. In Saigon, you will have a 160. In Saigon, you will have a hard time. In hard time. In hard time. In Kuala Lumpur, Kuala Lumpur, Kuala Lumpur, probably not so much. The point is probably not so much. The point is probably not so much. The point is , why wait, , why wait, , why wait, friends? Why wait?

friends? Why wait? friends? Why wait? And yes, in Phnom Penh your And yes, in Phnom Penh your And yes, in Phnom Penh your funds funds funds will also run out. Even in the will also run out. Even in the will also run out. Even in the worst case scenario worst case scenario worst case scenario described by described by described by the trustees, one check the trustees, one check the trustees, one check is enough for six of is enough for six of is enough for six of these eight cities. In these eight cities. In these eight cities. In America, this same America, this same America, this same cut creates a cut creates a cut creates a $3,500 gap $3,500 gap $3,500 gap between what you between what you between what you earn and what you earn and what you earn and what you need to live. And need to live. And need to live. And that's assuming that the cost of living that's assuming that the cost of living that's assuming that the cost of living in America doesn't in America doesn't in America doesn't increase by 2032 increase by 2032 , right? It's much , right? It's much , right? It's much easier if you're already easier if you're already easier if you're already retired in Cambodia or retired in Cambodia or retired in Cambodia or Vietnam when this Vietnam when this Vietnam when this reduction comes. reduction comes. reduction comes. Besides, this has Besides, this has Besides, this has happened before. In happened before. In happened before. In 1983, the 1983, the 1983, the Social Security system was Social Security system was Social Security system was on the verge of running out of on the verge of running out of on the verge of running out of funds, and Congress funds, and Congress funds, and Congress changed the rules: changed the rules: changed the rules: raising the retirement raising the retirement raising the retirement age and imposing taxes on age and imposing taxes on age and imposing taxes on some benefits. I don't some benefits. I don't some benefits. I don't dare to predict dare to predict dare to predict what they will do what they will do what they will do this time. I'm just this time. I'm just this time. I'm just saying that the precedent saying that the precedent saying that the precedent exists, right? 78% exists, right? 78% is what will happen if is what will happen if is what will happen if they they they do nothing, and that's a number do nothing, and that's a number do nothing, and that's a number I would be very I would be very I would be very cautious about cautious about cautious about . If you . If you , like me, were born in , like me, were born in , like me, were born in Canada, your situation is Canada, your situation is Canada, your situation is a little different. a little different. a little different. Canada's chief actuary Canada's chief actuary Canada's chief actuary has argued for years that the has argued for years that the has argued for years that the Canada Pension Canada Pension Canada Pension Plan is sustainable in the long term Plan is sustainable in the long term Plan is sustainable in the long term , with , with , with old-age benefits old-age benefits old-age benefits funded by funded by funded by general revenues. general revenues. general revenues. So your bigger risk So your bigger risk is the is the is the residency rules for your residency rules for your residency rules for your old age benefits old age benefits old age benefits if you've spent if you've spent if you've spent a lot of time a lot of time a lot of time abroad like I have, but that's a abroad like I have, but that's a abroad like I have, but that's a topic for another video topic for another video , individual , individual , individual plan, or plan, or plan, or consultation, and consultation, and consultation, and honestly, you honestly, you honestly, you should know that before you should know that before you should know that before you leave. A special leave. A special leave. A special case is couples. You are case is couples. You are case is couples. You are wonderful people wonderful people wonderful people enjoying a enjoying a enjoying a happy marriage.

happy marriage. happy marriage. Most of the people Most of the people Most of the people watching this video watching this video watching this video are married. are married. are married. So, here are the financial So, here are the financial So, here are the financial figures for couples. figures for couples. figures for couples. Two average Two average Two average Social Security checks are Social Security checks are Social Security checks are $4,142 per month. $4,142 per month. $4,142 per month. A couple in Danang, according to A couple in Danang, according to A couple in Danang, according to my model, my model, my model, renting a one-bedroom renting a one-bedroom renting a one-bedroom apartment in the center with apartment in the center with apartment in the center with two insurances and two insurances and two insurances and two visas, two visas, two visas, spends about spends about spends about $2,250 per month. I $2,250 per month. I $2,250 per month. I doubled the daily doubled the daily doubled the daily expenses for one expenses for one expenses for one person, which, frankly person, which, frankly person, which, frankly , is an overestimate , is an overestimate , is an overestimate because you're sharing a lot of because you're sharing a lot of because you're sharing a lot of things between two people, and it's things between two people, and it's things between two people, and it's actually actually much cheaper per much cheaper per person to travel as a couple. You have to person to travel as a couple. You have to person to travel as a couple. You have to understand why. It's understand why. It's understand why. It's too simple to too simple to too simple to explain. But explain. But explain. But let's say it's about let's say it's about let's say it's about $1,893. Let's say you have $1,893. Let's say you have $1,900 in $1,900 in $1,900 in savings per month. savings per month. savings per month. Even after Even after Even after reducing to 78%, reducing to 78%, about about about $980 remains. So you $980 remains. So you $980 remains. So you can still can still can still save about save about save about a thousand a month by a thousand a month by a thousand a month by getting two getting two getting two welfare checks. A couple welfare checks. A couple welfare checks. A couple with two checks in with two checks in with two checks in Danang doesn't just Danang doesn't just Danang doesn't just spend money, they spend money, they spend money, they save it. They save it. They save it. They literally increase literally increase literally increase their savings their savings their savings every month throughout their every month throughout their every month throughout their lives. There is lives. There is lives. There is a good reason a good reason a good reason to allow this to allow this to allow this surplus surplus surplus to accumulate. When to accumulate. When to accumulate. When one spouse one spouse one spouse dies, the dies, the dies, the survivor does not keep survivor does not keep survivor does not keep both checks. They both checks. They both checks. They get the bigger one get the bigger one get the bigger one . So, a couple . So, a couple . So, a couple living on 4100 living on 4100 living on 4100 can instantly become can instantly become can instantly become one person one person one person living on 2000, right? In living on 2000, right? In living on 2000, right? In this case, the money this case, the money this case, the money you save you save you save together will be what together will be what together will be what will provide the person who is will provide the person who is will provide the person who is left with the same left with the same left with the same quality of life as quality of life as quality of life as before. Obviously, it's before. Obviously, it's before. Obviously, it's usually the wife, because usually the wife, because usually the wife, because women live longer than women live longer than women live longer than men, and so on.

men, and so on. men, and so on. The point is, I The point is, I The point is, I still think you still think you still think you should resign should resign should resign now. And there is a very now. And there is a very now. And there is a very serious aspect to serious aspect to serious aspect to this argument, this argument, this argument, right? If you have a right? If you have a right? If you have a few few few years left until retirement and have years left until retirement and have years left until retirement and have savings, and savings, and savings, and you would be happy in you would be happy in you would be happy in one of those one of those one of those Southeast Southeast Southeast Asian cities I mentioned Asian cities I mentioned , then every extra , then every extra , then every extra year of working in year of working in year of working in North America is North America is North America is costing you something costing you something costing you something real. A year of living real. A year of living real. A year of living in Saigon, according to my in Saigon, according to my in Saigon, according to my model, costs model, costs model, costs about $18,000 to about $18,000 to about $18,000 to $24,000. A year of $24,000. A year of $24,000. A year of life for the average life for the average life for the average elderly elderly elderly American family American family American family costs $61,000. costs $61,000. costs $61,000. The difference is The difference is The difference is $40,000 per year. Do $40,000 per year. Do $40,000 per year. Do you understand? Waiting, you understand? Waiting, you understand? Waiting, procrastinating, procrastinating, procrastinating, staying there costs staying there costs staying there costs you a hell of a lot of real you a hell of a lot of real you a hell of a lot of real money. It doesn't just cost you money. It doesn't just cost you psychological and psychological and emotional benefits, emotional benefits, emotional benefits, right? Another year of your right? Another year of your right? Another year of your old life is worth more than your old life is worth more than your old life is worth more than your new one new one , and it's a year you won't , and it's a year you won't , and it's a year you won't get back. So, you have get back. So, you have get back. So, you have fewer impressions. You have fewer impressions. You have fewer impressions. You have less time for an active less time for an active less time for an active life. You have fewer life. You have fewer life. You have fewer pleasant golden pleasant golden pleasant golden years of health years of health years of health abroad. And there's a name abroad. And there's a name abroad. And there's a name for what for what for what happens to happens to happens to many people many people many people before retirement: " before retirement: " before retirement: " one more year people," right? one more year people," right? one more year people," right? The market was successful, The market was successful, The market was successful, so one more year to so one more year to so one more year to be safe. The market be safe. The market be safe. The market was a failure, so was a failure, so was a failure, so another year to make another year to make another year to make up for it. There will always up for it. There will always up for it. There will always be a reason. One more be a reason. One more be a reason. One more year and I'll year and I'll year and I'll be a round number.

be a round number. be a round number. I'll be 55. I'll be I'll be 55. I'll be I'll be 55. I'll be 60. I'll be whatever I want 60. I'll be whatever I want 60. I'll be whatever I want , right? And so , right? And so , right? And so on. If you on. If you on. If you plan to plan to plan to retire where your retire where your retire where your benefits cover benefits cover benefits cover everything, another year of everything, another year of everything, another year of work is work is work is building up a bigger building up a bigger building up a bigger pile of money, pile of money, pile of money, savings, or gold savings, or gold savings, or gold that you probably that you probably that you probably won't even spend. won't even spend. won't even spend. I'm not telling you to I'm not telling you to I'm not telling you to quit your job quit your job quit your job on Monday. I'm telling on Monday. I'm telling on Monday. I'm telling you to do you to do you to do the math to the math to the math to understand your understand your understand your real finances for the real finances for the real finances for the years you're years you're years you're talking about and ask talking about and ask talking about and ask yourself what the yourself what the yourself what the opportunity opportunity opportunity cost is. What does that cost is. What does that cost is. What does that actually buy, actually buy, actually buy, right? What does it right? What does it right? What does it look like at 45, at 55, at 65 look like at 45, at 55, at 65 look like at 45, at 55, at 65 , right? Now I'm going to , right? Now I'm going to , right? Now I'm going to break down this same idea for break down this same idea for break down this same idea for three different age three different age three different age groups, using groups, using groups, using Da Nang, because it's the city Da Nang, because it's the city Da Nang, because it's the city I know best and it'll I know best and it'll I know best and it'll pass any pass any pass any test, right? test, right? test, right? Da Nang costs Da Nang costs Da Nang costs about $16,644 about $16,644 about $16,644 per year according to my per year according to my per year according to my model. We actually model. We actually model. We actually spent a little spent a little spent a little less when we lived there. less when we lived there. less when we lived there. At age 58, At age 58, At age 58, you you you need about need about need about $67,000 to make it to 62. At 65, $67,000 to make it to 62. At 65, $67,000 to make it to 62. At 65, Social Social Social Security easily Security easily Security easily covers that. covers that. covers that. Savings are a Savings are a Savings are a bonus. This is the person the bonus. This is the person the title of this title of this video is actually about, right? At 58, video is actually about, right? At 58, video is actually about, right? At 58, you have a gap until you have a gap until you have a gap until you can you can you can take benefits at 62.

take benefits at 62. take benefits at 62. That's 4 years of That's 4 years of That's 4 years of $16,660. Subtract that $16,660. Subtract that $16,660. Subtract that from the median from the median from the median savings of 204,000, savings of 204,000, savings of 204,000, let the rest let the rest let the rest grow, and you'll grow, and you'll grow, and you'll still approach still approach still approach age 62 with about age 62 with about age 62 with about 175,000 in savings. Then 175,000 in savings. Then 175,000 in savings. Then the payments begin, the payments begin, the payments begin, and the amount stops and the amount stops and the amount stops decreasing, decreasing, decreasing, okay? One okay? One okay? One caveat: caveat: caveat: the payout at 62 will be the payout at 62 will be the payout at 62 will be less than at 67, so less than at 67, so less than at 67, so you'll have to you'll have to you'll have to open your own open your own open your own estimate and estimate and estimate and make sure it's make sure it's make sure it's enough for the city, enough for the city, enough for the city, etc.—do the math yourself. I etc.—do the math yourself. I etc.—do the math yourself. I always say this. It's always say this. It's always say this. It's always a personal always a personal always a personal matter. At 45, matter. At 45, matter. At 45, the payout won't be around for a long time the payout won't be around for a long time the payout won't be around for a long time , right? So you , right? So you , right? So you live on your portfolio, live on your portfolio, live on your portfolio, dividends, and dividends, and dividends, and passive income. Using the passive income. Using the passive income. Using the 4% rule, you 4% rule, you 4% rule, you need about 416,000 need about 416,000 to to to cover living in cover living in cover living in Da Nang indefinitely. This is a real Da Nang indefinitely. This is a real Da Nang indefinitely. This is a real number, but it is less number, but it is less number, but it is less than half of the than half of the than half of the 914,000 needed to 914,000 needed to 914,000 needed to retire in retire in retire in America at age 65. And America at age 65. And America at age 65. And you are 20 years younger, you are 20 years younger, you are 20 years younger, okay? Is 20 okay? Is 20 okay? Is 20 years worth 900,000? No, or 450,000? years worth 900,000? No, or 450,000? years worth 900,000? No, or 450,000? I'll say yes, okay? The I'll say yes, okay? The I'll say yes, okay? The final argument final argument final argument why you wouldn't spend why you wouldn't spend why you wouldn't spend them even if you could. There them even if you could. There them even if you could. There is another element to this equation is another element to this equation is another element to this equation , and it has to do with how , and it has to do with how human human psychology works. This is such a psychology works. This is such a psychology works. This is such a psychological moment psychological moment , you know? That's why , you know? That's why , you know? That's why you all need a you all need a you all need a push. A strong push. A strong push. A strong push. Remember push. Remember Blanchett's study, right? People Blanchett's study, right? People spend their spend their spend their paychecks and paychecks and paychecks and save their savings save their savings . And if we recall . And if we recall . And if we recall the retirees from EBRI, the retirees from EBRI, the retirees from EBRI, whose savings whose savings whose savings fell by only 4% in 18 fell by only 4% in 18 fell by only 4% in 18 years. In America, years. In America, years. In America, most people don't most people don't most people don't have a pension, have a pension, have a pension, right? And here, social right? And here, social right? And here, social assistance performs the assistance performs the assistance performs the same function as a same function as a same function as a pension in America.

pension in America. pension in America. It fully It fully It fully covers the cost of covers the cost of covers the cost of your life. So you your life. So you your life. So you end up behaving end up behaving end up behaving like those pensioners, whether like those pensioners, whether like those pensioners, whether you like it or not. you like it or not. you like it or not. Here, the payout covers Here, the payout covers Here, the payout covers everything. So you everything. So you everything. So you never have to touch your savings never have to touch your savings . And after a few years, . And after a few years, you start to you start to you start to notice them notice them notice them growing, and it's nice. growing, and it's nice. growing, and it's nice. So you don't want to So you don't want to So you don't want to break that habit. break that habit. break that habit. You want to You want to You want to watch those watch those watch those numbers grow. You numbers grow. You numbers grow. You want to see it want to see it want to see it accumulate, accumulate, accumulate, right? I have seen this firsthand right? I have seen this firsthand right? I have seen this firsthand . You . You . You start calculating start calculating start calculating compound interest compound interest compound interest when the expenses are low when the expenses are low when the expenses are low and the amount is constantly and the amount is constantly and the amount is constantly growing. Spending growing. Spending growing. Spending some of the money some of the money some of the money starts to feel like starts to feel like starts to feel like a mistake, even though a mistake, even though a mistake, even though it's the right thing to do because you it's the right thing to do because you it's the right thing to do because you earned it, my friends. This is a earned it, my friends. This is a earned it, my friends. This is a trap. There's a whole book trap. There's a whole book trap. There's a whole book about it—"Dying with about it—"Dying with about it—"Dying with Zero" by Bill Zero" by Bill Zero" by Bill Perkins, which I Perkins, which I Perkins, which I love. His love. His love. His argument is that argument is that argument is that people save too much people save too much people save too much and and and live too little, live too little, live too little, dying with money dying with money dying with money that they could that they could that they could turn into turn into turn into memories, particularly with their memories, particularly with their memories, particularly with their children. So, don't children. So, don't children. So, don't mention anything about mention anything about mention anything about inheritance. The real inheritance. The real inheritance. The real question in question in Southeast Asia is not Southeast Asia is not Southeast Asia is not whether whether whether your savings will be enough, but your savings will be enough, but your savings will be enough, but what you what you what you are going to do with are going to do with are going to do with the money that you are, the money that you are, the money that you are, frankly, not frankly, not frankly, not spending, but should be spending, but should be spending, but should be . If you want . If you want . If you want to know, part of my to know, part of my to know, part of my own portfolio own portfolio is just a cash is just a cash is just a cash reserve. It's boring, but reserve. It's boring, but reserve. It's boring, but I have over a I have over a I have over a year's worth of life year's worth of life year's worth of life just sitting in just sitting in just sitting in cash. Doesn't cash. Doesn't cash. Doesn't touch the market. Does not touch the market. Does not touch the market. Does not multiply. Doesn't go multiply. Doesn't go multiply. Doesn't go for health for health for health insurance, doesn't insurance, doesn't insurance, doesn't do anything. It do anything. It do anything. It just lies there, just lies there, just lies there, you know? But my you know? But my you know? But my income now is a income now is a income now is a portfolio, YouTube portfolio, YouTube channels, and a little channels, and a little channels, and a little consulting. I work a consulting. I work a consulting. I work a few hours a day.

few hours a day. few hours a day. You decide whether it's You decide whether it's You decide whether it's work or not, whichever work or not, whichever work or not, whichever you you you prefer. The bottom line is that prefer. The bottom line is that prefer. The bottom line is that all I all I all I care about is care about is leaving my retirement portfolio alone. leaving my retirement portfolio alone. It continues to grow, It continues to grow, It continues to grow, and frankly, I and frankly, I and frankly, I already know that I've had already know that I've had already know that I've had enough of it here in enough of it here in enough of it here in Southeast Southeast Southeast Asia, and I'm not going Asia, and I'm not going Asia, and I'm not going back. This will back. This will back. This will never happen. A never happen. A sick leave fund that you sick leave fund that you never touch never touch never touch until until until something serious happens, money something serious happens, money something serious happens, money for tickets home, for tickets home, for tickets home, however much you want, however much you want, however much you want, help for your children or help for your children or help for your children or grandchildren to study grandchildren to study grandchildren to study or to visit you. And or to visit you. And or to visit you. And everything else, for everything else, for everything else, for goodness sake, goodness sake, goodness sake, just spend it. just spend it. just spend it. Travel the world, Travel the world, Travel the world, eat delicious food, eat delicious food, eat delicious food, enjoy the things you enjoy the things you enjoy the things you love: wine, love: wine, love: wine, oysters, parties, oysters, parties, oysters, parties, beers on the beach, I don't beers on the beach, I don't beers on the beach, I don't know, a nice know, a nice know, a nice bike. Do what bike. Do what bike. Do what you want: take a train you want: take a train you want: take a train , you know, from , you know, from , you know, from London to anywhere London to anywhere London to anywhere , to , to , to Singapore. Whatever the Singapore. Whatever the Singapore. Whatever the third part of your third part of your third part of your savings brings in savings brings in savings brings in above your needs above your needs is money that you is money that you is money that you are allowed are allowed are allowed to enjoy, my to enjoy, my to enjoy, my friends. That's the point friends. That's the point . You are not just . You are not just . You are not just allowed allowed allowed to enjoy them, you to enjoy them, you to enjoy them, you must must must enjoy them. It enjoy them. It enjoy them. It should be a life lived to the should be a life lived to the should be a life lived to the fullest, because yes, I have fullest, because yes, I have fullest, because yes, I have faith, but I still faith, but I still faith, but I still think we only have think we only have think we only have one life, so I'm going to make it one life, so I'm going to make it one life, so I'm going to make it worth it, worth it, worth it, friends. Okay, one last friends. Okay, one last friends. Okay, one last note: there is one note: there is one note: there is one risk that has become risk that has become risk that has become smaller here, and it is worth smaller here, and it is worth smaller here, and it is worth mentioning. The main mentioning. The main mentioning. The main fear in retirement fear in retirement fear in retirement planning is failure, planning is failure, planning is failure, right? Financial right? Financial right? Financial collapse in the first few collapse in the first few collapse in the first few years. There is an AI bubble, years. There is an AI bubble, years. There is an AI bubble, I need another I need another I need another year. If Social year. If Social year. If Social Security Security Security covers your life, covers your life, covers your life, you are not selling assets you are not selling assets . The crash still . The crash still . The crash still hurts on paper, but it hurts on paper, but it hurts on paper, but it doesn't force you doesn't force you doesn't force you to sell at the very to sell at the very to sell at the very bottom. None of these changes bottom. None of these changes bottom. None of these changes are major. They are major. They are major. They only determine only determine only determine how big how big how big your your safety cushion needs to be to safety cushion needs to be to safety cushion needs to be to cover the difference here.

cover the difference here. cover the difference here. So, let's summarize, So, let's summarize, So, let's summarize, short and quick, okay? short and quick, okay? short and quick, okay? Retirees in America Retirees in America Retirees in America are already spending their are already spending their are already spending their savings too savings too savings too slowly. 11.8% over 20 slowly. 11.8% over 20 slowly. 11.8% over 20 years for people with half a years for people with half a years for people with half a million or more. million or more. million or more. About 2% per year for About 2% per year for About 2% per year for couples. In couples. In Southeast Asia, a single Southeast Asia, a single Southeast Asia, a single social social social security check is more than enough security check is more than enough security check is more than enough for a for a for a comfortable life in comfortable life in comfortable life in many of the cities many of the cities many of the cities I reviewed and mentioned. I reviewed and mentioned. I reviewed and mentioned. Even a reduced Even a reduced Even a reduced check would cover six of check would cover six of check would cover six of those eight cities if those eight cities if Social Social Security benefits were Security benefits were Security benefits were to be cut in 2032. to be cut in 2032. to be cut in 2032. So, savings are not So, savings are not So, savings are not spent. They are spent. They are spent. They are growing. A stash of growing. A stash of growing. A stash of $200,000 can $200,000 can $200,000 can turn into $400,000 turn into $400,000 turn into $400,000 in 10 years if you in 10 years if you in 10 years if you simply don't touch it, which simply don't touch it, which simply don't touch it, which means the amount means the amount means the amount you're aiming for you're aiming for you're aiming for may end up being may end up being may end up being more than you more than you more than you actually need. actually need. actually need. So you will most likely So you will most likely So you will most likely never spend never spend never spend your retirement fund in your retirement fund in your retirement fund in Southeast Southeast Southeast Asia. And this is precisely the Asia. And this is precisely the Asia. And this is precisely the essence of the idea of ​​" essence of the idea of ​​" freeing up now" freeing up now" freeing up now" mentioned in the mentioned in the mentioned in the title. This is not title. This is not title. This is not reckless. These are reckless. These are reckless. These are real calculations real calculations real calculations before you. If you are 65 before you. If you are 65 before you. If you are 65 and have pension and have pension and have pension benefits, the calculations benefits, the calculations benefits, the calculations are complete. If you're 58 are complete. If you're 58 are complete. If you're 58 and have $200,000, you're and have $200,000, you're and have $200,000, you're probably closer to your probably closer to your probably closer to your goal than you've been told.

goal than you've been told. goal than you've been told. If you are 45, you If you are 45, you If you are 45, you need a real need a real need a real number, but it is number, but it is number, but it is much smaller than what is much smaller than what is much smaller than what is listed in listed in listed in financial brochures. financial brochures. financial brochures. It's probably about It's probably about It's probably about 400,000. And whatever you 400,000. And whatever you 400,000. And whatever you decide, leave this decide, leave this decide, leave this capital for what capital for what capital for what it's really it's really it's really needed for. To your needed for. To your needed for. To your health, to your health, to your health, to your pleasure. Count pleasure. Count pleasure. Count your impressions, not your your impressions, not your your impressions, not your dollars. Check dollars. Check dollars. Check your your your Social Social Social Security forecast tonight Security forecast tonight Security forecast tonight . Compare . Compare . Compare it to a city where you it to a city where you it to a city where you could actually could actually could actually live. If you live. If you live. If you need my need my need my help, you can help, you can help, you can leave a comment leave a comment leave a comment below or visit below or visit below or visit my website costoflivingabroad.com. my website costoflivingabroad.com. my website costoflivingabroad.com. Contact me. We Contact me. We Contact me. We can can can figure everything out. You figure everything out. You figure everything out. You can watch this can watch this can watch this video where I video where I video where I argue again that you argue again that you argue again that you should quit should quit should quit now because you're probably now because you're probably now because you're probably already rich enough already rich enough already rich enough to retire in to retire in to retire in Vietnam. Or you Vietnam. Or you Vietnam. Or you can watch can watch can watch another video where I another video where I another video where I talk about the five talk about the five talk about the five best countries to best countries to best countries to move to, move to, move to, retire early, retire early, retire early, live and enjoy. live and enjoy. live and enjoy. Thank you very much. Have a nice Thank you very much. Have a nice Thank you very much. Have a nice day.