RST 5 things to sell

Añadido: 2026-05-23

[00:00:01]Hey guys, it's Doug. We're tired starting today. Good morning. And um just sitting here in my camper. I was just out camping for the just for the night. I stayed at a Harvest Host, which you can stay at these little places for uh free if you're a member. It's only $99 a year and there's like 6,000 places you can stay all over the country for free for the night. So, I gave it a shot last night and it went well. So, anyway, that's what I'm telling you about. I'm enjoying my retirement and and I'm hopefully you can too and you can learn about stuff like this to do or just keep busy.

[00:00:32]You know, that's that's what I'm here to talk about all things retirement.

[00:00:36]I've been retired for about 4 months now and then uh just still learning every day what to do and you know, how to keep busy and it hasn't been a problem yet. Will it be? I don't know. That's that's what I'm here to talk about. See, if you're thinking about retirement, I mean, you're it's you can never retire too early. That's for sure. I mean, if you even make a mistake, you go back to work. But anyways, that's what we're here to talk about. But today, specifically, I want to talk about if you're retired, five things that you could probably cut out in retirement or or sell.

[00:01:07]I mean, five things you really want to think about. I mean, if you're trying to truly get to retirement. I mean, you don't have to sell anything if you want to work till till you're 80 years old and that that's that's fine, but my point of this channel is to try to get everybody to retire as soon as you can if at all possible.

[00:01:26]And retirement doesn't necessarily mean, you know, it just uh working, you know, and not not not working at all is what I'm trying to say. You can you can still have a like a job that you enjoy that's just a day or two a week to keep busy that way and make a little income. So, we got to get to that point where you can afford to retire. And it's selling things, you really have to think about it because like say cars, I mean, even my family have first four people, four cars. We all live together. Why do we have four cars?

[00:01:58]Actually, two of them are mine. That's the problem, so.

[00:02:01]So, I am going to get rid of one of them cuz they're expensive. Even if if you have payments, they're really expensive.

[00:02:06]Even if you don't have payments, they're expensive. But, my one son is great.

[00:02:09]He's younger, and he doesn't have a car, and he's like, "Why do I need a car? We have four of them."

[00:02:14]You know, he doesn't even have one of the four. So, I'm going to get rid of one. We'll go down to three, but he still says, "I'll just keep using you know, yours as much as I can." And we live in a town where you can walk and bike to lie. Walks to work, and so you know, so you have to really think about cars are expensive, you know.

[00:02:30]Maybe it's time to get to get rid of a mom. Especially, you know, your everyday cars, you know, if if if if you're a retired couple, maybe go down to one and just split it, you know. If you're How often you really think about it? These cars are sitting in your driveway. And maybe collectible cars. Some people like collecting them. They might have four five cars all mothballed in the garage.

[00:02:49]Maybe it's time to sell them.

[00:02:51]You know, if you're not using them anymore. It's hard to I know it's hard to try to sell stuff that you really love, but hey, if it gets you to retirement maybe you want to sell a couple cars, and all of a sudden you have another $30,000 rolling. You're like, "Well, that's all I needed to retire." You know, that little bit of extra.

[00:03:08]So, maybe there's collectible cars you can get rid of, you know. And do you even need a car? I mean like do you like an area I can walk to almost everything. I could probably get by without a car if I really need to.

[00:03:19]Definitely, you know, in retirement. I mean, it wouldn't be fun. I'd have to use obviously maybe Ubers or rent a car if I go far, but that's an option. If it's a truly an option if if cuz retirement is important for your health and and your your mental well-being, I think, is you know, as you get older, you need to definitely There's going to be a point in your life where you're going to say, "You know what? I like my job. I I I don't feel like working anymore." So, we're trying to get to that point where you don't have to work anymore.

[00:03:46]You know, it stinks that anybody has to work, but we have to work, so.

[00:03:51]Um another thing is your primary residence. That's number two that things you could sell is your primary residence. I mean, do you still have this big house? You have like a 3,000 square foot house where you had five kids living in at one point and now it's just you and your wife or you and your husband, your spouse.

[00:04:08]So, maybe that's a possibility. I mean, it's very sentimental. I mean, we did I was in the same boat. I did sell our our main house. And here's a case we could sell it. We had a rental property. So, we sold our main house and moved into the rental property. So, that is, you know, a possibility if you have rental properties to do something like that. Or if you sell your main house, just get a a smaller house.

[00:04:29]You know.

[00:04:30]But, it was very hard when I sold the first house. My wife was, you know, we raised our children there and our pets, our dog it was raised there and it's it's a hard thing to do. But, we didn't really move, you know, from our friends or anything.

[00:04:43]We just moved in the same town. So, the only thing we lost was the house. Which there were a lot of great memories, but we're making great memories in our new house. And then the neighbors we met in our new house are incredible. So, this is sometimes it works out, you know, in the long run.

[00:04:59]Our case, I think it did. But, um, that or if you just have say if you have, um, your house could be just in a bad location. Like in your retirement, so maybe you sell your house. Like not bad location, but say if you're in the middle of the woods with 20 acres and that's what you like, but when you're 70, 80 years old, maybe that's not what you need anymore. Maybe you get, like in my case, I could say move to uh, say a city Philadelphia or just a smaller city, you know, just a local in town like Ocean City where I'm at and just live where you can walk to everything.

[00:05:29]You know, and then you could you could sell your big house and and and get something in town where you can walk. In that case, maybe you wouldn't even need a car. Now you're getting rid of your primary house and a car. If you start getting rid of your primary residence and your vehicles, it's amazing how quickly you save money.

[00:05:45]You know. I mean, obviously this this is stuff that you're you're used to having and it's hard. In retirement, you do have to give up some stuff in retirement. We're We're not all going to retirement rich millionaires.

[00:05:57]You know, most people aren't. Probably, so if you think you're behind, I doubt it. Everybody's broke, so don't worry about it. You know, just get to the point where you don't have to work anymore. Um Like I said, you could just you know, sell it and and even if you just sold your big house, say it was worth like 300,000 and you're now nowadays 500,000 and you buy a house that's only 300,000.

[00:06:18]You know, and then that leaves you a lot of money, 200,000. That could save you.

[00:06:22]And then you sold a couple cars for 30,000. All of a sudden you have 230,000 dollars.

[00:06:26]Now you're talking numbers. You can get there. Really look at it. It's It's a possibility.

[00:06:32]Um then you might have rental houses you're renting and they're a lot of work when you're older. You know, I I I had a rental house, but I ended up moving into it, but if you have some people have two, three rental houses, they're a lot of work. Maybe you're counting on the income, but if you think about it, you know, if say you you think you're only going to be around another 15, 20 years, how much money you making renting those?

[00:06:54]I mean, is it going to add up or if you sold them now, if they're paid off and you got three of them, maybe you'll have a few hundred thousand dollars today as opposed to waiting 10 years to get 300,000 out of them. And the money today is worth more money than, you know, money down the road.

[00:07:08]So, you definitely want to think about that, too. Maybe these rentals are done or if you have two or three, maybe just get rid of one or two and, you know, just keep one, you know, something to do. Maybe if you like it, it keep you busy, but, you know, the the this point, it's time to start gathering our money when you get older so you can retire and not worry about what you're doing tomorrow. I just go if I want to walk to the beach, I just go to the beach. That's, you know, go fishing, whatever you want to do and just relax.

[00:07:34]Go see your grandchildren, very important, or your children.

[00:07:38]You know, it's you you want to get to that point where you can do that. Now, um other things, stocks, obviously. If you have stocks, of course you got to sell them. It's time. It's your retirement.

[00:07:48]That's why you saved them, bought stocks all these years. I'm not saying selling them all, but you should be selling at a minimum 4% a year, 4 to 10%, and it could be growing. Even if you're selling at 10%, some of the stocks I've had have gone up 14% for the last 20 years, so I would still be making money. I'd be taking 10% out, and they would still be growing. So, there's you definitely want to start taking money out of stocks.

[00:08:10]Don't wait until you don't have to wait till you're 80 to pull it out. I mean, 59 and a half if it's an an IRA, you can start pulling it out, and if you're Think about that. 59 and a half is a big number to retire. If you can start selling stocks at 59 and a half without any penalties, and you're sitting with a million dollars in your your IRA, maybe it's time. Think about that.

[00:08:31]You're 59 and a half. Maybe, you know, you have enough money to get to social security at that point, possibly. I don't know. It's a possibility. But then, the last thing is maybe collectibles. I mean, cars, we're talking about that. Big collectible jewelry, too. Not necessarily collectible, but you might have a lot of jewelry that you know, it's stuff that you just don't wear anymore. It could be some of the stuff's worth a lot of money, you know, just sitting there. Is it worth it or or even, you know, maybe you could give it to maybe your children or something that might be a more useful than just sitting there. But, you know, you get diamonds and gold and stuff.

[00:09:04]It's very expensive nowadays. Who knows?

[00:09:06]You might have $5,000 sitting in your jewelry box that you didn't know cuz over years you collect this stuff, and back when you bought it 40 years ago, wasn't worth much, but now it is, you know.

[00:09:16]Um and any any type of collections you have also, they, you know, could be worth worth something, you know, who who knows what they might be, but just stuff like that. So, there are there are the five things I would say that could truly, you know, help you get to that retirement. You know, you got your sell the five things you should sell. Your cars, maybe your primary residence, maybe some rental houses if you have them. Definitely stocks and any investments you have and then any type of collectibles or stuff that you truly don't need anymore. So, truly think about this stuff and get to it. My point here on this channel is to truly get you guys to think about retirement if you haven't and if you have already retired, maybe you can comment below and tell people this is it's a good good thing. You know, and you can always find yourself, you know, retirement if you if you have a little gap of $500 a month then or $1,000 then you can get a little job on the side that that can pay $500 a month just for a couple days a week or something that you like to do, but at least it gets you out of a stressful situation you all might be with your work.

[00:10:18]But, I appreciate you listening to me here in in my little campground for the night, but I got to get packed up and and go home. So, but I will talk to you guys soon. I appreciate you listening.

[00:10:28]Please like and subscribe. It's important to me to try to get more of this content out for you guys and uh I hope if you're retired, enjoy your retirement. If you're not retired, I hope you retire soon. Anyway, talk to you guys. Appreciate you listening. Bye.