Thank you! I think living in Canada makes it much more possible than the US with things like CPP, OAS and low income support too. Most FIRE folks are American it seems so that's the narrative that gets pushed the most. It's definitely achievable at lower net worths if you live a modest life.

So excited for you and your upcoming travels!!! Hope we get to see you in NZ when you make it out this way! I don't know if I could ever go back to FT work...it sucks so much life out of you!

Agreed! Full time is a life sucker!! We should be there in October 2024….if all goes as planned….but life happens so we just hopeful at this stage 😊

Thank you so much! I have monthly NW update videos that track my lifestyle too but I should do another coastFIRE video too! Thank you for the suggestion.

Thanks so much!! I hope you get some value out of my content, I'm having a lot of fun making it! 😃

Awesome! That will probably be what I'll work towards in the future once these few years of travel are done but we shall see. Good luck to you!

That's definitely the dream!!

I do take inflation into account, I spend less than this per year (without travel) on all of my expenses currently and my plan includes having my mortgage paid off in retirement. I expect my expenses to dip and this should cover any inflation issues. I also use the government of Canada's retirement calculator and the CPP & OAS will be adjusted to inflation I would imagine. I also do not include the equity I have in my property in these calculations, so I have added safety should anything drastic occur. It's not fool proof, like any plan but I have built in redundancies to help ☺ Edit: looking back through that calculator online, the RRSP savings I have are not inflation adjusted but I use a conservative rate of return of 5%. I will most likely still contribute some money to my RRSP's down the road for added security though (just to be extra safe)!

Thank you 😊

No problem! There are a million "what ifs" in life and it's basically impossible to account for all of them. I have over 50K in equity in my property that I don't include in these figures (not including any increase in property value) and I also plan to contribute a bit towards retirement before age 65 as a safety net. The numbers still work out with my current 55K in investments along with CPP & OAS so it's more peace of mind than anything. I'm spending my time now living the life I've always dreamed of because nothing is guaranteed. I could become ill, have to take care of a sick family member, have a huge bill from a special assessment, etc, etc. I've built a decent nest egg so that I'm comfortable taking that risk. I've already put off far too many things because of "opportunity cost" and I've missed out on a lot to chase more money instead. I don't necessarily regret those decisions, but I'm not gambling with my future any longer. Things will happen and I'll adjust as needed, just like everyone has to!

@@brittanymorgan09 "I'm spending my time now living the life I've always dreamed of because nothing is guaranteed (...) Things will happen and I'll adjust as needed, just like everyone has to!" -> That's exactly right. Maybe I'm overthinking and should adopt this state of mind. Thanks for the nuanced response, you gave me food for thought.

@@gersonadr2 it took me years to get to this point in terms of mindset. I was so focused on hitting a certain number by a certain age that I lost touch with why I started the FIRE path to begin with. It's all about balance but finding the right balance can be tough! I found the books "Your Money or Your Life" and "Die with Zero" really shifted my thinking if you haven't read those already.

I haven't! Sounds like that would be right up my alley, I'll have to check that out. Thanks for the recommendation 👍

I don't like to play the "what if" game because the possibilities are endless. We have health insurance in Canada and I'm sure if something like that happens, it will be enough to get by.

The traditional retirement age I refer to is the standard age for receiving a pension in Canada, which is 65. You can take CPP as early as 60 though. Here's the source on the government of Canada website: www.canada.ca/en/services/benefits/publicpensions/cpp.htm l get your point but there is no way to know how things will play out for anyone at any income. Life changes quickly and depending on where you live (especially in the US) health changes can bankrupt you and your family in a heartbeat. If you're not comfortable coasting with less than a few hundred thousand, then that is your prerogative. Everyone has different expenses and thresholds for what they consider a good life. I don't include my property value in my retirement portfolio which is worth over $50,000 now. I could do a reverse mortgage down the road if I need to or sell and invest that. My plan has never been to retire early since I enjoy working, so I will most likely always have some kind of income until I am not physically able to work anymore. There is no benchmark for "coasting too early". Your figures for minimums are just your opinion and everyone has a different path. You shouldn't be going out of your way to shit on someone else's progress and goals, focus on your own life.

I am childfree and have no interest in children. There are many more valuable relationships in life, have you heard of having friends? Hobbies? Children would be a massive burden to me. No thanks.

Totally depends on how much you have saved, what those savings are invested in and what your expenses are! This is the best calculator I've found for Canadians: www.canada.ca/en/services/benefits/publicpensions/cpp/retirement-income-calculator.html If you're not Canadian, this is a good one to get an idea on things: networthify.com/calculator/earlyretirement

You are too kind, thank you ❤️

Don’t prey on my wife period