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Bohol, Philippines – A beauty and talented kids!!

This was my first ferry road trip after spending my first week in Cebu. I had been on several boats in the past traversing the Island in Thailand, so I was prepared plus almost everyone speaks English.  I woke up one morning at 3 AM as adjusting to the 13-hour time difference was horrible.  I packed a knapsack took a shower and I was off to the local bus station.  I took a 3:30 bus, arrived at the terminal at 4:30, and bought a ticket for the 5:10 AM to Tagbilaran which was the first stop.  

They transferred us all to a bus for the remaining trip.

Once I got off the bus after the ferry ride, I needed to take a 20-minute tuk tuk ride.  I had been on many tuk tuks in the past in Thailand, but this was my first in The Philippines to get to Alona beach. 

I was a little on edge with little sleep as might be able to tell in the video but normally feel safe.  

Once I got settled in my $ 15-a-night Airbnb, it was time to check out the beach area which brings me to a long-winded hockey story.  

* If you are already ready for the Edmonton Oiler blog, you might want to skip it.  

** A lot of my stories are long-winded often running out of brain processor speed and switching between seven tabs in my brain telling three other stories. As the kids say IYKYK.

*** Since all of these beaches are beautiful, I often get confused as I took four different ferry trips.

Several years ago, I made a random video in Rocky Point Mexico, and it turned into our friend chat goal song during a couple of Edmonton Oiler playoff runs.  Well, they created a monster as I have been trying to find the next goal song using the same guy a couple of years later.

The first video is the one that caught on during the exciting goals along with Oiler good luck charm Kait! 

I even made two more renditions with the same Mexican guy for good luck, nope!  They won’t even play the original as they are probably tired of me trying.

Most people would give up but, I am just annoying that way so keep trying!  Here are some really talented kids from Bohol, Philippines that I recruited.  Just like a new post with zero likes, nope, nope and IPA drunk nope. 

Like Mi Amigo, the kids thought I was as crazy too but loved the great TIPs! 

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Honolulu, Hawaii

I have stayed in the same Honolulu Airbnb three times, and I love it!  I stayed there for two months to start 2023 working incognito.  It was perfect for me as I was only home to sleep and work otherwise, I was touring the island or fishing in Kona and wrote a post about the amazing fishing here

It is a studio with a single bed in a complex that has seven units so there are many options. Honestly, it is not in the best area near Chinatown, but I have never had an issue as I am normally home by dark or soon after.  

The walk to the bus stop is five minutes with buses going directly to Waikiki in 30 minutes or the North Shore in two hours.  I have taken both buses many times for $2.50 packing a cooler, hammock, and lawn chair.  Both beaches are spectacular for different reasons.  Waikiki is famous for Dukes but there are always thousands of people packing the beach.  The North Shore is more secluded and my favorite by far.  You can always find a quiet beach or park to sit and enjoy the waves.

My favorite thing to do in Waikiki is catch happy hour at the Yard house which is 2-5:30 Monday to Friday.  Waikiki is not the cheapest place so grabbing an early dinner and beer is affordable.  The pole and poke nachos and a Coconut porter brewed in Hawaii are my favorites shown below:

After dinner, I stroll down main street and sit on the beach in front of Dukes and listen to live music and the waves. There are also ABC Stores (Fancy Hawaii 7-11) on every corner if I want to grab a beach beer too.  There is a catamaran that will take you out to make it makes for a perfect day!  Check Groupon for different sailing adventures or cut a cash deal with them if you want to go a few times!  

I paid $ for unlimited sailing and beers which was not the smartest as beer turns into pee and there is not a rest room on board.  

If I head to the North Shore, I will grab some poke and a couple of O’la seltzers from Foodland grocery and sit on the beach which makes for an equally awesome way to kill a day in Hawaii.  

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NAD Darrell promotion videos!

I had so much fun learning to edit from scratch to prepare NorthAmericanDarrell.com  

Here are some of the videos that I made so far as teasers for the website launch. 

Some even made the cut on FB and IG stories which was scary as overall, I do not know WTF I am doing or where this is going. 

It is pretty easy to tell which are the newer ones which gave me the confidence to post some. 

I am getting a bit better IMO, I hope you like some of them. 

The pictures are all from my travels, I am just getting this party started too!! 🙌

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Getting schnitzeled in Vienna, Austria!

One of my best friends is Austrian so I made a good attempt to represent, failed, LOL!

I flew to Vienna from Varna, Bulgaria on my all you can fly pass on Wizz airlines.

The flight was delayed six hours, and we sat in the Varna airport. The good thing is that European law states we need to be compensated. I made $300 for a $20 flight, hell yeah!

Make sure you understand the laws, so you do not miss out on compensation. It is available in Canada, USA and Europe and wrote a post here to explain the parameters. 

Essentially, it has to be outside the airlines controllables so weather will not work which is most of the delays.

Just familiarize yourself with them and do not use a third party to collect as they will take a cut for simply filling in an online form.  I will get paid to sit in an airport bar any day, LOL!

I finally arrived in Vienna well after midnight and checked into my Airbnb. It was an overpriced bedroom that only fit the bed and nightstand. I did not mind and slept like a dog for 12 hours.

The problem is that when I woke up, it was time to check out, and the owner wanted $200 for another night as it was a holiday. There was zero chance that was happening, so I found an amazing hostel down the road. 

Europe is known for its hostels and people from all age groups use them, but this one was beyond recommendation. It had over a hundred rooms of all types and prices. I spend the first night in a studio for $75 which was over budget. That’s $2300 USD a month for anyone that feels that they need to judge me from first class while I am back here in coach.

The next two nights, I spent in a dorm room for $35 a night. I drank with the owner the last night so sleeping was not a problem even though my bunk mate was from Iraq and appeared shady.  I do not like to judge a book by its cover, but I read the Coles / cliff notes about the war.

I pre-walked my route which I normally do with early morning travel, so I was half assed responsible. I needed to be up at crack ass to catch a bus, so I never slept much, so du

Here are some more pictures of Vienna before I left with my tail between my legs.  I will be back, guaranteed but I will head up north to the mountains and rethink drinking with those crazy Austrians next time, LOL!  

That is the largest train station, amazing menu where I ate twice and how clean it looked on a walking only street.

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Retiring early with residual income sources!

People often wonder how I can take a run at retirement at 52. I call it taking a run at retirement as I honestly don’t know how things are going to work out. Some days feel great, others not so much watching the stock market go up and down almost a percent daily.  I just know that I do not want to wait to travel with compression socks and flip-flops, LOL.

I will share how I was able to make it happen as it took some luck and heartbreak.

First and foremost, I never got married or had any kids (that I know of traveling, LOL) in my life. I also jokingly say that I got divorced three times before getting married when people ask why.

It is sometimes hard watching friends and family get married and have kids living the life we were taught to live by generations. Watching their kids play sports was the hardest part.

I can live without the getting married part based on my history and statistics.

I can recall so many instances that would have had me stuck in a shitty situation keeping it real for me.

OK, let’s get down to business and talk about residual income sources now that you know my history.

Residual income is the income that remains after subtracting all costs of capital.

Sources of residual income include:

Real estate investing, such as leasing or renting out a property

Stocks and bonds that pay dividends or interest in my buckets are explained below ✅

– Royalties from intellectual properties, such as books, music, movies, or patents ❎

(I always said I was going to write a book or blog) “NAD – A legend in my own mind!” ✅

Donations or royalties from advertisements on a blog or website (buy me a beer! LOL) ✅

Compound interest paid on investment accounts or what I call buckets below. ✅

I have used all of these over my lifetime with some working and others tanking.  

Let’s talk about the bad before getting to the good stuff.  I worked for a company for 18 years that had a problem with cooking the books.  I would put 10% of my pay towards my RRSP/401K and the company would match 6% for a lot of those years which worked out.  

The problem was that I would put more money into the company stock throughout the years.  I also received stock bonuses along the way making this account grow fast on paper, I thought!

“At its height, Nortel accounted for more than a third of the total valuation of all the companies listed on the Toronto Stock Exchange (TSX), employing 94,500 worldwide, with 25,900 in Canada alone. Nortel’s market capitalization fell from C$398 billion in September 2000 to less than C$5 billion in August 2002, as Nortel’s stock price plunged from C$124 to C$0.47. When Nortel’s stock crashed, it took with it a wide swath of Canadian investors and pension funds and left 60,000 Nortel employees unemployed. Roth was criticized after it was revealed that he cashed in his own stock options for a personal gain of C$135 million in 2000 alone”

Well shit, that was a couple hundred thousand stock dollars on paper, gonzo Malonzo! The amazing part is that I was able to keep my job for another 12 years and recover.

I learned so much from losing all of that money at a young age, and I needed to be aggressive to make it back.

I somehow stumbled across the bucket system:

“A time-tested strategy many investors use is called the “bucket” system, which, when implemented correctly, guarantees income in the short term while setting your longer-term investments up for longer-term success”.
 

It essentially means, pile money in different buckets to use at different times.  My buckets were based on early retirement; “bucket one 55-62”, “bucket two 62-67” and bucket three “67-six feet under or in my case shot into space. 

Someone call Elon, LOL!

I found an investment firm that would help me implement this strategy.  The plan was to work until 55 but was laid off at 52 so “taking a run at retirement” as I already mentioned.

The hard part, filling the buckets so the power of compound interest can do its thing:

Bucket one 55-62: This was a house that I bought in 2003 when I moved to Atlanta. I left in 2010, and I was able to rent it to the same person for over ten years.  He paid down the mortgage and then he eventually bought it. I bought into a 15-year mortgage so aggressively paying it down and selling it worked well.

Bucket two 62-67: I moved from Atlanta to Charlotte in 2010 and bought an acreage.  It had a house in the front and a three-car garage in the back with a loft above.  I was able to rent the front house to cover the mortgage. I lived in the loft and played around in the massive garage for free.  I would spend a lot of money and sweat equity to prepare the property to flip which happened when I was laid off in 2015.   This also worked out well for me too!

Bucket three 67-X: This was the traditional retirement fund that I cannot touch until I am sixty-two but shooting for sixty-seven.  I can access it at any time after 59 1/2 depending on how the other buckets are doing. I can also decide when to take my social security and Canadian pension plan as I am eligible for both. 

I plan to take Social Security at 67 to max out the return.  Did you know that payday can be ~30% higher if you can wait until 67?

Another source of income is the condo I bought in Arizona during the recession in 2008

As mentioned, I kept my job throughout the recession and recovery, and I was able to pay cash for the amazing AZ condo I live in now.  I paid $52,500 for a one-bedroom that is now worth over $200K.  How is that for a return on investment while renting it out!! 

I do not plan to sell this condo, but it is another option for me to supplement my travels. It is currently on Airbnb for snowbirds and the proceeds help me get to bucket one.

Well, there you have it!  I set up my buckets based on my timeline and the money needed to retire early. Bought and sold real estate and Airbnb my condo based on this strategy. 

A solo slow traveler, vlogger, geo arbitrage, and a legend in my mind. 

 

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Great white north, Edmonton!

Edmonton is all I knew growing up and I loved it! The problem, when I traveled, I realized that there was more to life than Edmonton. I often wonder if I made the right decision.

I left Edmonton for the first time after high school to work in a friend’s dad’s bar in Calgary in early my 20s. I hated it, I did not belong in Calgary and never really felt comfortable living the bar life. We would get up in the afternoon, go get all-you-can-eat pizza at Pizza Hut, and then go back to the bar almost every day.

I credit my Calgary experience for that epidemy of going back to school which helped get my life on track. I remember working with a bartender, “Downstairs Jim” as that is the bar he worked at in a two-level bar. He whittled pencils to make extra money, and we would talk about life. I remember thinking, I need to figure my life out quickly, so I do not have to whittle pencils, LOL!

Ironically, I would move back to Calgary after graduating College to start my Telecom career in 2006. This time was different, I had a career and a stable paycheck. Ironically, I would still travel back to Edmonton on the weekends instead of enjoying Calgary and Banff which I still regret to this day.

I had a great group of friends who I still keep in touch with to this day in a hockey chat. 

Here are before and after pictures of them and their wives and me with duck lips at a ballgame! Under that hat, I have hair too unlike that married crew, what happened boys? 

I know I piss them off but sometimes but, I do not know what I would do without them! 

Cheers and Go Oilers Go!!

We grew up watching the Edmonton Oilers win five Championship in seven years.  Looking back, it really screwed us over as they have not won a Championship since, and we all watch most of the game since.  That is 35 years of watching losing hockey until 2006 and 2024 when they lost in game seven of the finals just to fuck with us a little bit more.

I am pretty sure we are all obsessed with Edmonton Oilers hockey even though I might be the only one to admit it.  We have a friends chat that is used for a lot of games.  It often goes dormant so I threw crazy shit in there often.

Everyone in there played hockey so it is like bringing a knife to a fun fight!

Since the Oilers have sucked for so long, we have had a bit more fun the last several years.  I created a goal song that stuck as I wrote in the Bohol blog but it deserves another share here.  Make sure you check out the Bohol story as there are three more hockey clips by young kiddos on the beach. 

Here are the three that I created in Mexico with the first one making the cut and the others well, not so much! LOL 

Like Johnny Fever, I just kept getting better with alcohol!  I loved that show and as God as my witness, I thought turkeys could fly, LOL.

I actually thought about moving back part-time in 2019 when I met an old friend. It never worked out but a good experience for me to tell that I would not be happy in Edmonton.  I am sure people die in minutes in the cold weather and drowning.  

I will just take my chances with a margarita!

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How cheap can you really live? $500 USD a month!

My travel budget is USD 2000 a month and I have all the time in the world which will allow me to go to most places in the world.  I cannot help you with time but, I can sure help you with the money part. If you are willing to live the slow travel nomadic lifestyle full or even part-time to get away from the snow.  

You can amerce yourself into a new culture and be a legend in your mind too, LOL!  I also know it’s not for everyone but neither is the bullshit inflation in North America!

I was introduced to slow travel on YouTube and stumbled upon Dan’s website and YouTube channel and immediately became addicted.  How could someone travel so inexpensively and visit so many amazing places too? Seems impossible! Well, it is far from impossible!

The below video shows Dan interviewing someone who is living under USD 500 a month and loving life too.  It is not for me and might not be for you, but it is incredible!

If this is something that intrigues you, Dan has 900+ videos of how to retire abroad!

* I chatted with Dan, and he permitted me to share information from his site!  You will see it in other posts as well so you may as well go get the milk from the cow so bookmark him!