We RETIRED EARLY. Revealing our INCOME STREAMS for Early Retirement

Summary

The video details the journey of Xan and Jan, who were once $60,000 in debt with no retirement plans until at least 60. Fast forward to today, they've created four income streams that have made them financially independent, allowing early retirement at 45 and 51. They share their experiences with a high-interest savings account, YouTube earnings, rental income from a Brazilian condo, and most significantly, dividend income from a substantial investment portfolio. By August 2024, these streams have collectively earned them $49,718.5, demonstrating that with effort and smart financial strategies, anyone can achieve financial freedom.

Takeaways

• 😀 The couple, Xan and Jan, were once in $60,000 of consumer debt with no plans to retire early.
• 💼 They have since created four different streams of income, allowing them to retire early at 45 and 51 respectively.
• 💰 Their first income source is a high-interest savings account, which has earned them $386 in interest since April.
• 🎥 Their second source is YouTube, where they've earned $1,823.74 in 2024, but they emphasize that they create content for enjoyment, not just for income.
• 🏠 The third income stream is rental income from a condo in Brazil, which has generated just over $7,000 Canadian in 2024.
• 📈 The largest income source is dividend income, which has brought in $40,576 Canadian as of July 2024, averaging to about $5,800 per month.
• 💹 They have over a million dollars invested in dividend stocks, which is the primary source of their passive income.
• 🌐 They encourage others to consider these income streams but acknowledge that each person's financial journey will be unique.
• 🏡 They sold their house in Canada and moved to Brazil, where they enjoy a more relaxed lifestyle and have outsourced many tasks.
• 🌐 They emphasize that anyone can achieve financial independence and early retirement with effort, time, and determination.

Q & A

How much consumer debt did the couple have five years ago?

The couple had about $60,000 worth of consumer debt five years ago.

At what age did the couple retire?

The husband retired at 45, while the wife, Xan, retired 7 months ago at age 51.

What are the four different streams of income the couple created?

The four streams of income are: a high-interest savings account, YouTube earnings, rental income from a condo in Brazil, and dividend income from their investments.

How much interest have they earned from their high-interest savings account since April?

They have earned $386 in interest from their high-interest savings account since April.

What is the couple's YouTube channel's primary purpose according to the script?

The primary purpose of their YouTube channel is not to make money but to share their journey to financial independence and to help others on a similar path.

How much money have they made from YouTube in 2024?

They have earned $1,823.74 from YouTube in 2024.

What is the source of their rental income and how much have they made from it in 2024?

Their rental income comes from a condo in Brazil, which has generated just over $7,000 Canadian in 2024.

How much dividend income have they received by July 2024?

By July 2024, they have received $40,576 Canadian in dividend income.

What is the total amount of passive income they have earned in 2024 from all sources?

Their total passive income for 2024 is $49,718.50.

What is the couple's monthly budget from their dividend income?

Their monthly budget from dividend income is around $5,000 Canadian, with a slight buffer for overages.

How much money did they invest in dividend stocks to achieve their current dividend income?

They have invested just over a million dollars into dividend stocks to achieve their current dividend income.