Retiring Early on $870,000 in Arizona | Millennial Money

TLDRLearn how a couple retired early and lives a minimalistic lifestyle on $870,000 in Arizona. They sold their house and now live in an off-grid house, saving on utilities and expenses. They also travel in an Airstream, enjoying financial freedom and flexibility. Their strategy includes not timing the market and staying invested, which has paid off. Retirement is viewed as a change in career and pursuing passions, instead of doing nothing. Overall, they emphasize the importance of having a financial and life plan and executing it successfully.

Key insights

💸Retiring early requires making sacrifices and having a solid financial plan.

🏡Living in an off-grid house and reducing expenses can contribute to early retirement.

✈️Traveling in an Airstream provides flexibility and financial freedom in retirement.

Not timing the market and staying invested can lead to long-term financial success.

🌟Retirement should involve pursuing passions and staying engaged to maintain cognitive health.

Q&A

How much did they save to retire early?

They retired on $870,000, which was a result of saving and investing their income.

What is their housing situation?

They sold their house and now live in an off-grid house, reducing expenses and living a minimalistic lifestyle.

How do they travel?

They travel in an Airstream, which provides flexibility and allows them to explore different locations.

Did they time the market?

No, they emphasize the importance of staying invested and not trying to time the market.

What is their view on retirement?

They see retirement as a change in career and an opportunity to pursue passions and stay engaged.

Timestamped Summary

00:00This YouTube video is about a couple who retired early and lives on $870,000 in Arizona.

01:32They emphasize the importance of making sacrifices and having a solid financial plan for retiring early.

03:35The couple sold their house and now live in an off-grid house to reduce expenses.

04:55They travel in an Airstream, providing flexibility and financial freedom in retirement.

06:18They did not try to time the market and instead stayed invested, leading to a recovery of their net worth after the pandemic.

07:55They view retirement as a change in career and an opportunity to pursue passions and stay engaged.