Ready for early retirement? You can plan now and get a taste of it with a few tricks I mentioned. When you do it, be prepared so that you do not drive yourself crazy with boredom!
How’s it going everybody this is pete the bush so you retired now what this video is not really for retired people because i feel like those who are almost about to retire they already have an idea of what they’re about to do this is more for people that are looking to retire working towards it it’s just to give you an expectation of what’s to come now a lot of
People if you’re not retired already given the opportunity to retire right now most people would not know what to do with their time just mentally think about this for a second if you took a week off and not have any plans for vacation or anything you stay at home what would you actually do a lot of people would actually not have anything to do and they would get
Really bored after maybe two or three days it’ll be like oh man you know i just want to go back to work and do regular work so this is something i actually did before actually quitting my job and doing youtube full-time i actually took multiple weeks off one week at a time of course from my day job and with this week off i actually did not go anywhere i stayed
At home and i worked on my hobbies the whole time i remember before trying this experiment on myself i had three days off four days off or some sort of extended weekends and sometimes i would find myself with nothing to do so the theory here is basically when you’re going to a regular day job 40 hours a week plus including commute time and stuff it’s all taken up
So you have no determination you don’t have to think for yourself on what you’re gonna do next when you come home you basically have it all planned out already you got to do this you know those basic necessities got to eat you gotta go to sleep you got to do certain things that are pre-planned almost for you you don’t have to think you just basically on autopilot
For the whole week then maybe on a saturday or sunday you can do a little thing to yourself and you know it’s just a little portion of it that is exactly at your own free will maybe a one day of the week is also sort of pre-planned for you have events that you need to go to friends birthdays you gotta meet with family members so basically those times it’s not your
Own you are not sort of working with a blank page okay you’re just there and then you go okay what i’m gonna do now i can do anything i want what are you gonna do so this taking one week off and not actually going on vacation i highly recommend it it’ll actually reach hard you a lot you can actually go work on hobby projects that you had in your mind and perhaps
They’re stuck on a piece of paper for like the last four or five 10 years even and you never got to it well during that week you can go and attack it and actually do it for real so this whole thing is kind of like practicing how to retire you need to practice for this so that you would know how to control your own time if you just sort of plunge into it you might
Go oh my gosh i have no idea what to do you have to you know you might end up going back to work even because you’re like oh you know i’m retirement is boring i’m gonna work forever so this basically helps you learn to be self driven enough so that you know how to plan your time and some people in the comment section says they have three lifetime’s worth of stuff
That they want to do but they only have one lifetime to do it real quick on how i got here and what situation i personally am in right now before quitting my job my burn rates about $40,000 a year which is quite high but this is with my housing this place over here is my place with this low rate it’s relatively low in the bay area of california then i quit my job
I do youtube now with considerably less income but the fact is i don’t have to do come you anymore and actually the amount i make is enough to sustain myself with a little bit more of savings on top of that the time requirement for youtube these days is roughly 60% of my full-time job i do other things on top of this and subtract out the commuting times well i’m
Left with a lot more time than i would have had if i had a full-time job so to me this is kind of like retirement and you can sort of say you know making these videos is really fun for me so you can kind of say i’m semi-retired it certainly feels like it now i’ve been in this situation for about nine months now and since then i’ve significantly lowered my burn rate
From $40,000 a year so this actually adds to my security because when you lower your burn rate all that much lower and then you make more than that okay then this gives me security you know youtube income it’s gonna come and go you know i don’t know if it’s gonna last forever and then i have other little sources of income so i feel pretty secure that this can go
On for quite some time now at this point i want to share a little bit of personal experience of what i’ve been doing with my time i’ve been traveling but i found that if i travel for more than three weeks or so i start to get a little bit of antsy and i want to go home so these days i look to travel for two three weeks or so and then i want to come back home
And then sort of rest up a bit and then go back out and do another exploration of a different place what you can do when you’re retired is you travel slow you can reduce the amount of plane ticket cost by traveling you know in the middle of the week or strange hours or whatever you can take longer flight times it’s certainly not as convenient but i am able to do
This thus saving money and thus allowing me to travel that much more so i don’t want to talk about every little thing i’ve been doing i’m just gonna list them out over here i drove to la for vidcon you guys might have seen some of my videos on my way drive there i sort of figured out wow you know the costs for driving is roughly the same as flying and it cost me
And maybe an hour or two more but i was just a little bit pitching to drive long distances because whenever i’m driving long distances i have all these great ideas so i brought a audio recorder with me so that i can record my ideas as i’m driving down there and i recorded some good ideas and this is very valuable to me as you may have noticed on this channel i’ve
Been doing some strange things these are just kind of things that i have to get out of my system you know you probably will not see all that much more of it going forward because i’ve decided to only do more money related stuff on this channel and any kind of you know really weird awkward stuff i think i’m gonna save for my other diy channel so some of the things
I’ve uploaded so far is my music making beats endeavor that was very strange but it’s just something i personally wanted to do and been itching to do i dedicate a portion of my time roughly 1/2 hour to one hour every single day to get rid of my stuff so i sell more stuff on ebay i package them up i send them out the door i get a little bit of money for it this is
Something that i really enjoy doing because i am seeing a significant impact i’m like reducing the stuff around here hopefully i can reduce it to such a point where i can feel comfortable showing you guys how much more cleaner it is rather than you know a crazy hoard another thing i do is whenever i see something interesting with finance i try to experiment with
What is the best way to use a certain asset a certain way to buy certain things what is the maximum discount that i can get so these are experiments that i do on myself and sometimes i might make mistakes and i might not get the best discount or something but i like to poke at things to try and figure things out and this is sort of like research for these videos
That i show you when i have something solid i make a video about it and well not a lot of people is gonna go and try to you know work things at different angles once they find that a certain method works already they generally stick with it but for me i kind of go okay it worked this way why don’t i change it up a bit like this and see if it also works i also did
The t-rex stop-motion animation just because i wanted to lately i’ve been doing a cartoon version for a merchandise hopefully you guys will see it later some of you might have noticed i have a new icon i personally did that icon myself so i had another list over here and i just want to cover this mainly because to show you that oh my gosh when you’re retired you
Can do so much more stuff i oh i did all this in the past two days okay my iphone five over here the battery has been running low so i got a new brand new battery and i replaced it myself i did a new video on the key tester this is on top of one video a day for this channel i loaded a brand new key tester video because people were asking oh what what does it sound
Like stop speaking over the sound so i made a particular video just for this and it’s on my other channel i’ll leave a card somewhere over here if you’re interested in that video i’ve been researching microscope cameras so that you guys can see what i’m doing under the microscope that took a really long time by the way i think i was researching it for like an hour
And a half or something i just got a speed booster today for a lens where it allows you to change from canon lens into a micro four thirds lens which is in this camera right now it’s just me testing things so all these things it’s just within the last few days i’ve been like very busy you know hitting one thing after another on top of this i have another key tester
Coming i about two or three days ago it’s some sort of like 64 key tester where it has 64 different kinds of mechanical keys and i’m gonna i don’t know if i can wire up some leds to it or something i’m gonna make some videos on that again on the diy channel so why am i doing all this is this all for money is this all for work i can tell you a lot of these things
It’s just something i want to do and sometimes this is the first time i’ve ever done something like that like making a cartoon version of t-rex i’ve never done something like that where you draw something you fill it out make it look cartoony you guys will see it sometime when i’m able to release that merchandise so it’s been pretty busy for me over here do i plan
Out every single thing no i don’t i just kind of have like this big glob of stuff that i need to do and i think the best way for me personally to attack so many things i want to do is usually i just go okay i want to do this forget about everything else this is you know i sort of have a mental idea of what’s important to me already i think about it and then i go
Okay forget everything else let me just do this i’m just gonna focus on this i don’t care how long is it gonna take me i’m just gonna focus on it and do it until it’s complete usually it does not take me all that long if i just forget about everything else and do it maybe an hour or something like you know this iphone thing it probably only took me half an hour
But before actually doing it you know i’ve never done something like this before so the fear of doing something brand new makes you feel like oh it’s gonna take like two hours because seriously that’s what i think is what’s gonna take but hey it only took half an hour instead so some of you have asked me does it get lonely when you are working all by yourself yes
I’ve been working all by myself basically when you do youtube videos you’re usually you know the cameras right here i don’t have a camera person i’m just talking to the camera by myself over here so it’s kind of like freelance work i guess you are generally working for yourself by yourself there are sometimes opportunities for collaboration but those are rare and
You know i don’t know like 5% of the time so most of the time it’s just by myself i’m just you know working on things by myself does that get lonely um i would say a little bit but you get used to it so you really have to have the mind that you will work well on your own early retirement does not necessarily have to mean that you’re gonna be more alone although
It will certainly be because most of your friends is gonna be at work you know for me most of the people i know my age are still working i’m the only one person that’s you know you know on the middle of the day on a wednesday i’m going to shopping at a grocery store and i’m just you know perusing around trying to find the best deals in order to you know figure out
The system basically and based on my other videos such as putting on pants with no hands the t-rex video with the animation there’s a lot of crazy ones if you look deep enough on my channel some of you have commented that am i slowly going crazy i i don’t think so because this is the way i’ve always been it’s just that when you have enough time i’m able to express
It more and express it more freely i do not feel like my personality changed at all this is the way i am at its core the kind of humor that i’m into the kind of videos you know it’s just you know crazy ideas people have commented you know what does it look like in your head i i just say it looks crazy i i think so i hope you guys enjoyed this video and give you
Some insight on how to prepare for early retirement because if you’re watching my videos you’re certainly thinking about it and sort of planning yourself to go that way already did you guys know i have a patreon over here if you’re interested in supporting my channel if you want more of my videos push that subscribe button and ring that bell icon to get notifications thanks for watching
Transcribed from video
Retired Early Now What By BeatTheBush
