How to Retire in Hawaii Financially Modestly

[Music] so you've put hawaii on your list of places to retire is it the right place for you in this video we'll be talking about five different ways you could live the dream in this beautiful place of hawaii yet do it financially modestly and the last of those reasons is the most important one of course so you're going to want to hang out for that one for sure but wait peter hawaii is one of the most expensive places in the world how can we do this yes it is it is but if you do it right it could be a lot cheaper than you think all right let's do this [Music] aloha i'm peter k and i've been living the dream in hawaii since the 80s now i connect with people that want to live in hawaii so if that's you this is your channel of course you want to click subscribe get the notifications we come up with videos about every other week now this video is part of a longer playlist i have about retiring in hawaii which will come up at the end of the video you want to click on the link in the description okay so on with the countdown of how you can live the dream in hawaii you do it financially modestly first you have to figure out if you're a spiritualist or a materialist now i went into that in great detail in another video you should pull that up the video is called can you afford it and is it worth it i go into great details with that and that'll really help you figure this all out but in short a spiritualist is a person that values non-material things a materialist of course is a person that values material things so in short a materialist values things that you can touch right or see or smell cars jewelry by the way could you imagine uh to live in a home like any of these with this amazing backdrop of mountains behind you i mean to wake up every morning and to look at that it's like you're in heaven man you're in heaven and this is why the most the simplest things the most everyday things are like amazing experiences like this little drive i'm taking in this neighborhood this is in the southeast area of oahu okay so just like this actually a great example that was a spiritual value that was an immaterial thing right there's nothing material about having that amazing view a spiritualist likes things like love family getting together nature beauty those are spiritual values so in short if you're a materialist and again there's nothing wrong there's not a matter of right or wrong just you know you are what you are right if you're a materialist hawaii is not going to be right for you because why the material things cost too much but if you're spiritualist hawaii is a bargain because hawaii is full of spiritual values full of beauty full of all these amazing things so that's number one number two the way you live modestly is you enjoy the weather one of the most important things in life i guess from a spiritual perspective is the weather it's something that you live with every single day look at this amazing view i mean it's this beautiful day today it's february and it's just gorgeous right so you get to enjoy the weather it doesn't cost you a penny and you're retired now right so guess what you get to maximize and enjoy every day of perfect weather and actually you don't even have to go outside to enjoy the perfect weather you can just enjoy beautiful weather in your home with all the windows rolled down every day i mean imagine a place where you never have to roll your windows up a place where you never have to bundle up to go outside a place where you don't have to scrape the ice off your car to go for a drive the place where you could drive a convertible and have the top down almost every single time you go for a drive you'll never have to shovel snow you'll never have to walk on icy sidewalks need i go on it's day after day of perfection doesn't cost you a penny what's that worth for me personally it's priceless it's priceless just day after day of weather perfection walking around in shorts and slippers and t-shirts can't beat that number three on how to live modestly enjoy nature that doesn't cost you anything either now if you don't love the outdoors why is that right for you because hawaii is more expensive there's no doubt about that but if you're not gonna leverage that by enjoying the outdoors what's the point i mean you can move to you can move to other states that whose climate is mild uh florida uh texas etc uh and you know it's way cheaper and you know the outdoors there are nice too but it's not like hawaii and you know cost you a lot less but if you love the ocean hiking walking outside walks on the beach there's just no better place on earth i mean hawaii's got the beauty the ocean the mountains weather no poisonous animals no rabies no snakes and most of this stuff is absolutely free for residents number four on how to live modestly in hawaii no stuff needed if you like having stuff hawaii's not for you find a mainland city with a mild climate where you can have your four car garage the extra long driveway to hold the mobile home the 4 000 square foot house with the home theater and the pool table and the wet bar in the basement and the pool and the jacuzzi in the backyard and you could have all that for less than half the cost of what a house in hawaii would cost you that's nowhere near as big and doesn't have anywhere near as features but if you are already living and enjoying a minimalist lifestyle and for example spend more money on the things that you eat or the people that you're with instead of stuff to toys why could be right for you now yes you will pay probably twice as much for the things in hawaii that you'll have to buy on the mainland like groceries for example or housing but since you're living this minimalist lifestyle you're not going to spend that much more it's not going to matter that much and because hawaii's got the spiritual part down life is much more fulfilling now right along with that guess what no winter expenses you know going through a winter costs money we don't have one here here's a quick list of things you know that you kind of take for granted you don't realize it but here's a bunch of things that won't cost you a penny in hawaii heating hawaii homes don't have heaters some might have a fireplace up in the mountains but no one's got a heater home insulation a lot of the homes here are single wall construction because the weather is so mild snow blowers ain't got them coats not one even heavy jackets not ones boots sweaters things you don't need sweaters and other stuff like that you need bore shorts t-shirts and a flip-flop or rubber slippers and that's about it the list goes on long underwear don't need it snow tires don't need it look at this view look at this view folks look at this ocean view we're kind of high up over here it's like crazy man look what's this worth now i'm going to pay a pretty penny for these homes but man wake up every morning and look at this even food because you eat more in colder climates all right let's talk about the big if i promised you number five but first are you on my newsletter you should definitely get the newsletter it goes out every week it's free you can unsubscribe anytime click on the link in the description we also invite you to the live show that we have every other friday where we talk about hawaii and questions that people have about living here so you want to get that it's free click on the link all right the big if that makes all of this possible if you can pay cash for the house if you can pay cash for the housing which is the biggest expense that you're going to have when you're coming here then you can actually live here relatively modestly so if your hawaii home is paid for the only ongoing housing expense you'll have is property taxes especially on oahu our property taxes are some of the lowest in the country it's three and a half cents per every thousand dollars of assessed value people shake their head when when they see what our property tax bill is per year for owner occupant i'm going to go over all of the uh a home buying considerations you have to do when you're buying a home in hawaii in another video but simply if you buy it right meaning it's all cash you just might be able to live modestly in hawaii perhaps more modestly than you're living right now depending on where you live so can you live modestly in hawaii one of the most expensive places to live in the u.s yes if you're a spiritualist if you value spiritual things and you really don't care about material things and you pay cash for your house you could do these same things in some other place in the u.s and live even cheaper but it won't be hawaii and you wouldn't be living on the most beautiful place in the earth with the most beautiful weather there is and the most beautiful people on earth is it worth it for some people absolutely yes for me been living here since the 80s absolutely yes for you well i hope this helps you figure that out for some no way where do you fall leave a description in the comments i'd like you to get your feedback what do you think will it fit for you will it work for you let me know now we got some other videos in this playlist that we're going to talk about retirement we talk about picking the right district we talk about the right kind of house we talk about how to qualify for a mortgage if you're going to get one about family so stay tuned all right got a question for me in the description i've got a link to a form click on that leave me your name so i can give you credit and i'll catch you later i'm peter k and i am living the spiritualist dream come true in the most beautiful place on earth i hope you will too aloha

Channel: Living in Hawaii

Views: 3,613

Keywords: oahu, hawaiian, peter kay, living in hawaii, moving to hawaii, retirement

Id: VoijaTRxQ04

Length: 11min 50sec (710 seconds)

Published: Tue May 24 2022