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How I retired at 36, and spent 20 years sailing (FIRE, Minimalism, and when "Enough" is Enough)

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Jan 23, 2019

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How I retired at 36, and spent 20 years sailing (FIRE, Minimalism, and when "Enough" is Enough)
How I retired at 36, and spent 20 years sailing (FIRE, Minimalism, and when "Enough" is Enough) thumb How I retired at 36, and spent 20 years sailing (FIRE, Minimalism, and when "Enough" is Enough) thumb How I retired at 36, and spent 20 years sailing (FIRE, Minimalism, and when "Enough" is Enough) thumb

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  • salut je suis Clark et aujourd'hui, je voudrais parler
  • vous sur les objectifs d'argent et peu
  • choix quotidiens qui peuvent vous aider à mener
  • une vie réussie
  • [La musique]
  • pour ceux d'entre vous que je connais
  • nous faisons normalement notre chaîne vidéos sur la façon dont
  • à la voile et des endroits merveilleux que nous allons
  • à ma femme et moi un voile de 50 ans
  • voilier et nous voyageons partout dans le
  • monde cette vidéo va être un peu
  • cela est différent un peu plus personnelle
  • cela me est une sorte de vous raconter mon histoire
  • de la façon dont j'ai pu prendre sa retraite jeune et
  • mener cette vie, je l'espère, il pourrait être
  • une source d'inspiration pour vous, même d'une très
  • jeune âge, je voulais vivre une
  • la vie intentionnelle je ne l'ai pas nécessairement
  • ont le nom pour lui à l'époque mais je
  • voulait vivre honorablement que je voulais
  • vivre sur mes propres termes que je voulais vivre dans
  • d'une manière qui était juste, mais pas d'une manière
  • where I was following the herd not in
  • the way that I was doing what other
  • people wanted me to do lately there
  • seems to be a trend for people to live a
  • little more frugally a little lighter on
  • the world you see that with tiny house
  • people my wife used to do that you see
  • that with us cruisers we live out here
  • of quite lightly it's and I see that
  • with a group that's referring to their
  • idea as fire fi re stands for financial
  • independence and retire early it's kind
  • of all the same thing make some money
  • don't spend everything you make don't
  • live paycheck to paycheck so that you
  • can be free and not live a life where
  • you're just accumulating stuff to to
  • impress others or impress yourself the
  • minimalists are kind of doing the same
  • thing though maybe they're not working
  • so hard to retire young but they're
  • still kind of trying to spend less and
  • not accumulate stuff as their personal
  • badge I've been living this way for a
  • very long time
  • if you're contemplating a lifestyle
  • change in this direction I thought it
  • might be helpful to see what happens
  • when you've done this for like thirty
  • years
  • let's start out with my story I grew up
  • in a farming town in northern New York
  • State my dad was a barber my mom was a
  • secretary when I was first born and
  • became a stay-at-home mom
  • later on she got a degree and became a
  • school nurse we didn't have a huge
  • amount of money we had enough though we
  • always had food we always had shelter we
  • never had worries but we just didn't
  • have enough to have that new fancy car
  • and trendy clothes and it just wasn't
  • our thing to try to keep up with the
  • Joneses I'm really glad I was raised
  • that way after I finished college I
  • found a job locally he in northern New
  • York it wasn't a great job it's not a
  • really industrial or technological part
  • of the world and I do tech and also it
  • was the middle of the recession in the
  • 80s this recession was bad the
  • unemployment numbers were worse than the
  • 2007 recession that well wiki calls the
  • Great Recession so it was the job I
  • could find I was a little bored with the
  • job and it didn't pay very well because
  • that job was so boring I started
  • consulting during the day I started
  • meeting with local businesses and
  • showing them how to use a PC PCs had
  • just come out I mean they were the first
  • ones but right along with the first pcs
  • were the first clones so I would show
  • them they could save a lot of money by
  • buying a clone I'll help him buy them I
  • would write custom software for them
  • sometimes sometimes I would just show
  • them how to use word processors but
  • anyway um it taught me that I could be a
  • consultant basically I didn't have to
  • necessarily work for a company with a
  • paycheck I did a little better I bought
  • a sailboat
  • I bought a 25 foot sailboat and I had
  • never owned a sailboat before I had only
  • been sailing like twice in my life at
  • that point I worked at a kid's camp and
  • found some sailboats and ended up
  • teaching sailing that was the first time
  • I ever did it but sailing really
  • intrigued me so I bought this boat and
  • I'm sailing it around Lake Ontario
  • and one day I found myself out at some
  • little island on Lake Ontario alone no
  • friends came that day and I'm reading a
  • magazine
  • cruising world I think it was and it had
  • an article on the economics of well
  • living the lifestyle I have now and I
  • realized it's achievable it you know
  • it's it's a big deal but it's not
  • something that can't be done I knew I
  • was gonna have to work hard I knew I was
  • gonna have to take some risks but I
  • became kind of a goal for me to try to
  • retire young and get out and see the
  • world on these terms it was it was
  • really important that article changed my
  • life so pretty short order after that I
  • found a contracting gig in Austin Texas
  • I helped IBM develop os/2 I quit my day
  • job big risk there because I was just
  • hired to come and do if they didn't like
  • me they would kick me out but there was
  • more money and it was a much more
  • interesting project that one went well
  • um I started doing some other projects
  • and next thing you know my client list
  • was IBM Boeing Starbucks AT&T a bunch of
  • other ones you haven't heard of but
  • doing interesting things I was
  • successful by basically anybody standard
  • and I didn't quite live like other
  • people who were doing what I was doing I
  • was still a barber son I really didn't
  • have this concept that money was
  • happiness that stuff was happiness for
  • me money was freedom chips a way to not
  • have to work later I had this saying
  • that if you make more than you spend
  • you're rich and if you spend more than
  • you make you're poor and the scale of it
  • doesn't matter this is before Donald
  • Trump was president or anything like
  • that he was like my poster child of how
  • not to live to be in bankruptcy every
  • five years you know it didn't matter if
  • he was doing it at a million dollar
  • level as far as I was concerned he was
  • poor I tried to be rich so I lived on
  • the rich side of that I put money away
  • and I invested it and
  • I set myself up to be able to retire
  • young but not to say I didn't spend
  • anything when I was 27 I sold my 25-foot
  • boat and I bought a larger one I bought
  • the one that I'm well sitting in right
  • now
  • I spent fifty five thousand dollars on
  • her she's um she can cross oceans she is
  • a very sound halt but she was in bad
  • shape so I had to tear down and build
  • her back up
  • it took about eight or ten years of work
  • while I was working and during those
  • eight or ten years I did a lot of work
  • on myself - I prepared myself for this
  • long voyage one advantage of buying a
  • boat as you're well obsession or hobby
  • is it can be home so I did save some
  • money by not having an apartment anymore
  • I just moved right aboard the boat of
  • course the boat and it slipped cost what
  • much more than the apartment but I was
  • gonna have the boat anyway so I tried to
  • save money any way I could in 2000 I was
  • 36 years old and I realized I had enough
  • not enough in frustration I loved my job
  • but I had enough money put away I had
  • enough to achieve my dreams and I wasn't
  • going to just keep chasing something so
  • the right thing for me to do at the time
  • was to close down my corporation right
  • at the height of my income and take off
  • sailing it was a wonderful time to be be
  • an engineer there was the tech boom
  • going on it was really great
  • closed it all down got in my boat and
  • went south literally within months the
  • tech boom bubble crashed the market tove
  • I lost so much money in the market but
  • since I had this minimalist mindset and
  • since I really was living on very little
  • money before when I was saving I just
  • tightened my belt stayed at this lower
  • income level as it were and rode it
  • through since I didn't spend spend my
  • principal it came back it took a while
  • but it came back the point is I was able
  • to live on very little and actually on
  • sailing was easier because there weren't
  • commercials in my face saying buy this
  • be happy by this be happy I had a
  • beautiful dive to go down and look at
  • fish that cost nothing over the next
  • twenty
  • years I sailed this boat 20,000 ocean
  • miles I visited 14% of the world's
  • countries I had some amazing adventures
  • all because of the decisions I made in
  • my 20s I have been able to live a life
  • sailing I've been able to visit the warm
  • parts of the world get close and
  • personal and meet other cultures hang
  • out with some really cool people now in
  • 55 um I've got friends who are still
  • working and hoping to retire I have got
  • friends that didn't make it to retire
  • they're dead they're never gonna have
  • these adventures I'm so glad that I made
  • those decisions in my 20s and I stuck
  • with them in my 30s and 40s and it's
  • given me such such a wonderful life I
  • want to encourage you regardless of your
  • age to live your best life come up with
  • a plan and stick with the plan I can
  • tell you that little every day choices
  • can make a huge difference in adding up
  • to a wonderful life how do you do this
  • where do you start I started with
  • something that I call the economy of
  • enough the economy of enough boils down
  • to two things number one understand your
  • goals what makes you happy what will
  • make you happy
  • you're thinking about your whole life
  • here for me it was having financial
  • independence and having the freedom to
  • go off sailing for you it's going to be
  • something else but decide what that is
  • you have to choose something that's
  • actually achievable if it's not
  • achievable you're never gonna get there
  • and you have to find it exciting if it
  • doesn't excite you there's no sense
  • living a life without passion choose
  • wisely you only get to make this choice
  • once it's just not gonna be time to
  • restart once you have an achievable
  • exciting goal that's your definition of
  • enough it's enough to make you happy
  • it's enough to give your life meaning
  • and it's enough to keep you going most
  • importantly it's a point that you can
  • reach if you don't have a definition of
  • enough you're cursed to chase more and
  • more is just never
  • without that definition of enough
  • knowing and knowing that you've
  • succeeded to get to it a million isn't
  • enough 10 million isn't enough the whole
  • world wouldn't be enough you need to
  • have your own definition of enough to
  • find happiness number two commit to
  • making daily choices that will let you
  • get to your goal this is how you're
  • going to use a little of that chasing
  • more to get to you're enough if your
  • life goal requires any money at all and
  • let's face it they all do you're gonna
  • need some money
  • achieving my goal of retiring young and
  • finding financial independence had a lot
  • to do with my saving and spending habits
  • most of what I'm going to talk about now
  • is about saving money how to build
  • wealth through delayed gratification
  • what do I mean by that let me first tell
  • you about marshmallows there's a really
  • well-known and simple psychological test
  • that's given to kids and it's like the
  • best indicator of how well they'll do in
  • later life it's called the marshmallow
  • test and how it works is the the
  • researcher gives this little kid a
  • marshmallow and he says you know like
  • this is your marshmallow you can eat it
  • you do whatever you want but if you
  • don't eat it and we leave the room for a
  • bit and if you don't eat it when I come
  • back if you still have the marshmallow
  • I'm gonna give you another marshmallow
  • now is a really cool test you can just
  • google it look it up on YouTube and it's
  • fun to watch because this little kids
  • trying not to eat marshmallows the point
  • is though that the kids that can delay
  • gratification the kids that don't eat
  • their marshmallow are the kids that
  • later on in life can like not have that
  • $5 Starbucks coffee because they can no
  • five extra bucks in my Schwab account
  • it's gonna mean like ten thousand
  • dollars when I need it it's just the way
  • you should live life it's so telling of
  • a test if I had kids I'd give the kids
  • the test and I'd use it as a training
  • thing I just give them the test
  • occasionally until they got it until
  • they realized hey if I don't eat the
  • marshmallow I get two marshmallows I
  • think it would train a kid later in life
  • I think in our society most people eat
  • their marshmallows right away and I'm
  • gonna teach you or tell you how I anyway
  • got to financial success by saving
  • marshmallows by putting off these
  • instant gratification purchases and
  • saving the money for when I can do
  • really cool stuff with it and have
  • freedom let's talk about the way to save
  • up some marshmallows number one we're
  • gonna talk about work when it comes to
  • work choose a profession that you're
  • good at but choose a profession that is
  • something people want and choose
  • something that pays well
  • any minimalists think that money just
  • doesn't matter
  • and they go into jobs that just don't
  • pay well it's important to actually make
  • money if you're gonna follow this model
  • while you're young in a small amount of
  • time or you're not gonna be able to
  • retire young so again find something
  • that people need do it really well and
  • demand a fair payment for your efforts
  • the world basically doesn't need another
  • waiter what we need is a welder there's
  • always a demand for welders you put six
  • months into learning to weld and you're
  • gonna get paid well
  • bottom line understand the economy of
  • what's valued out there and pursue a
  • career that will let you maximize your
  • income early the next topic is savings
  • you need a long term savings account for
  • your retirement and you need a short
  • term working savings account just to
  • live off of
  • whenever money comes in pay yourself
  • take some of that money and put it in
  • that long term savings once it's in
  • there its invested it never comes out
  • again until you are retired you don't
  • say there's a big expensive toy I want
  • it I'll use that nope that money is is
  • just blocked your short-term account is
  • what you need to live on you shouldn't
  • be going paycheck to paycheck you
  • actually should be moving using money in
  • that account that's a little bit old if
  • you're spending everything in that
  • account you're doing it wrong you you
  • should have a
  • enough left over in this account to
  • actually slip some more into that
  • investment account when you do write
  • that check to yourself because you saved
  • some money on not buying a latte or
  • whatever you should feel really good the
  • brain chemistry you make in this is
  • important part of it you should
  • celebrate when you're able to put more
  • money in that long-term retirement
  • account let's talk about spending you
  • should decide what you can spend based
  • on what you need not based on how much
  • money is in your account you want to
  • avoid lifestyle inflation especially
  • when you're in 20s and your 30s your
  • peers are gonna start spending a lot of
  • money around you you're not keeping up
  • with them you're living a different life
  • avoid the temptation to spend that extra
  • money to show your success live below
  • your means you've got a longer goal in
  • mind let's talk about skills our society
  • spends a lot of money on convenience
  • basically paying for other people's time
  • artists saving money is learning how to
  • do stuff for yourself for example your
  • car needs an oil change you can pay
  • someone to do it but you can do it
  • yourself and once you've done it you now
  • know how to do it trust me
  • it's trivial brake pads same thing
  • really really easy job you can do it in
  • a driveway someplace once you've learned
  • to do that
  • you kind of get the confidence to start
  • learning to new to do other things the
  • more things like this you put in your
  • belt the more things you know how to do
  • yourself the more you can save keep this
  • up and eventually your collection of
  • skills become vast you can take better
  • care of yourself with less money let's
  • talk about food you can save a lot of
  • money by eating cheaply I've done it to
  • get through bad times but it's no way to
  • live life what I'm suggesting here is
  • just don't blow money on food you can
  • save a lot of money by learning to cook
  • yourself it's another skill just like
  • your car and it'll save there's a lot of
  • other ways to save money pack your lunch
  • don't order coffee on the way to work
  • don't go to restaurants as much bias
  • taken
  • home learn to cook it well when you do
  • go out to a restaurant order water
  • instead of some crazy drink and whatever
  • you do don't buy bottled water
  • it's the restaurants water isn't good
  • enough to drink why are you eating their
  • food it was made with that water Emily
  • and I love to throw dinner parties and
  • that's kind of how we get that food
  • being better feeling now going out to a
  • restaurant and paying someone to carry
  • food to our table but making food for
  • friends and sharing it with them and
  • then they reciprocate and we have much
  • more intimate wonderful evenings that
  • way bottom line is you eat three times a
  • day it's a really big opportunity for
  • savings even saving a dollar a meal adds
  • up a lot over the long haul let's talk
  • about housing housing is a really major
  • expense is probably your largest expense
  • and because of that it's an opportunity
  • to save a lot of money there's a lot of
  • people out there that kind of organized
  • their whole life around owning some big
  • crazy expensive house they spend 30
  • years paying for it and it owns them
  • because housing is such a big expense
  • it's your biggest opportunity for
  • savings I saved a lot of money by living
  • on my boat I was going to own this boat
  • anyway it was my obsession if I had this
  • boat and tried to keep a house or an
  • apartment yes that's a lot of money so I
  • lived on the boat Emily my wife she did
  • it a different way she's a tiny house
  • person so she lived in well tiny houses
  • you probably know what those things are
  • if not look him up it's pretty cool she
  • minimized her housing expenses by like
  • literally minimizing her house and she
  • had the advantage of just not having a
  • lot of room to collect stuff much like
  • on the boat it's liberating probably
  • those two approaches aren't right for
  • you but there's going to be something
  • that's right for you some way of savings
  • living a little bit outside of the city
  • can save a lot of money or even living
  • in a in the city but in a less expensive
  • neighborhood without HOA fees or a bunch
  • of Jones's to keep up with
  • you can save a lot of money in your
  • housing and if you live outside of the
  • city you avoid the temptation of
  • spending money on nightlife there just
  • won't be as much out there Emily and I
  • live on a boat anchored in a beautiful
  • natural Bay and that decision has turned
  • our living expense at least the housing
  • part of it to zero bottom line rethink
  • the size location and format of your
  • housing you might be able to save let's
  • talk about cars cars are like the most
  • rapidly depreciating item you'll ever
  • buy it's a big opportunity to save money
  • buy an older car and learn to maintain
  • it yourself buying a brand-new car is
  • just throwing money down the drain
  • that doesn't mean you can't drive a nice
  • car I Drive what is probably one of the
  • best luxury cars ever made and I bought
  • it at sixty-five thousand miles for
  • four-and-a-half thousand dollars emily
  • has a car that's older than her but it's
  • a really cool car and it's it's fun to
  • drive if you want to know more ask in
  • the comments but I won't get into the
  • details on the cars here bottom line
  • don't buy a new car buy something that's
  • like five years old
  • but make sure it's a really good quality
  • car nobody wants a five or ten year old
  • Kia but an old Mercedes or a Porsche
  • that's still a really good car and
  • there's a lot of good choices in the
  • middle also learn to maintain your own
  • car we talked about that the skill
  • section there's a lot of opportunities
  • to save money taking care of your own
  • car if you stick with an older
  • inexpensive car you really don't need to
  • carry collision insurance I mean you can
  • literally just buy another one for what
  • the collision would cost in like two or
  • three years just stick with the minimum
  • liability that your local government
  • requires and you're gonna save a lot
  • this list could just go on and on but
  • there's one more thing I want to talk
  • about that's relationships it's very
  • important that your long-term
  • relationships are compatible with your
  • goals if you live with roommates or have
  • a lot of friends that don't share these
  • goals it's gonna be difficult to keep
  • frugal likewise if you're in a
  • relationship with someone that finds joy
  • by spending and chasing more it's gonna
  • be doomed to failure either you're just
  • not gonna make your goal or
  • the relationships gonna suffer Emily and
  • I were both married before and probably
  • the biggest problem with both of our
  • relationships where our partners didn't
  • understand enough they were still
  • chasing something they didn't understand
  • when at least we felt we had found
  • enough so bottom line
  • try to find someone to share your life
  • with that understands and agrees with
  • your idea of living frugally it can make
  • life a lot better and of course when you
  • get to the point of deciding whether you
  • want to start a family that makes a huge
  • difference financially you can live
  • frugally with kids but understand
  • whatever you do your costs are going to
  • grow and you're gonna lose a lot of
  • control over your life in the u.s. it
  • cost a quarter million dollars to raise
  • a kid to adult age and our population is
  • booming the planet is full take that
  • into consideration if you do decide to
  • have children have a small family and by
  • all means give those kids the gift of
  • letting them understand enough and find
  • joy in enough
  • the biggest thing about the concept of
  • enough is this one day if you do
  • everything right and you meet your goal
  • you'll be there realize when you're
  • there
  • stop just don't keep striving for things
  • and position when you've got enough
  • you've got enough now it's time to live
  • for yourself this sounds trivial this
  • sounds like duh you know but it isn't oh
  • I know the stress I went through when I
  • retired I couldn't identify because it
  • seems like everything was perfect but
  • Society had raised me to keep wanting to
  • keep striving I stopped and it took a
  • couple years to feel good my wife Emily
  • is running a corporation right now she
  • does management consulting she's not
  • gonna be doing that forever
  • and she's starting to think about
  • shutting it down and she knows and she
  • also knows because I've told her it's
  • going to be stressful prepare for that
  • achieving is addictive you're going to
  • want to continue to try for more it's
  • like natural probably the human
  • condition but when you're there take
  • some time to to live for yourself and
  • you can always go back to work
  • you just really deserve to try the other
  • way for a while once you've achieved it
  • let it feel good
  • everyone should have their own
  • philosophy if my concept of enough rings
  • true with you use it it's yours if not
  • try to find something else but leave
  • that leave that intentional life have
  • intention and how you want to live
  • I hope sharing my experience has allowed
  • you to feel maybe a little less alone
  • and more inspired to lead your own
  • better life thanks so much for watching
  • if you enjoyed this video please hit the
  • like button share it with a friend I
  • really want to thank you guys for
  • watching the guys that subscribed things
  • a lot and really special thanks for
  • those of you who've decided to be our
  • patrons on patreon we never really
  • thought that would happen it's quite
  • exciting to see the support come in
  • thanks again bye
  • [Music]
  • you
  • [Music]

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Description

I retired young to live a life of travel and adventure. I thought people looking into early retirement or f.i.r.e (financial independence retire early) might like to hear from someone who has been living this way for 30 years.

Since this question gets asked a lot in the comments: I drive a 2001 Mercedes s500 (w220), the last really great model made. Emily drives a 1985.5 Porsche 944, which is currently for sale since we are about to leave the country for a long voyage.

FOLLOW-UP VIDEO:
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