At 62, Steve figured it was time to get serious about the numbers. He and his wife Anne, 54, are planning a move to Bali when he turns 65, and he decided to map out exactly what that would cost in real Australian dollars.
In his latest video, Steve walks viewers through their projected annual budget, covering rent, groceries, a motorbike, visas, private health insurance, utilities and a bit of fun along the way. The total surprised him. Bali remains affordable, especially compared to retiring in Australia, where housing, healthcare and daily expenses continue to climb.
The couple also owns a home in regional Victoria. Steve explains how renting it out could provide steady income and ease the transition. For now, the plan is simple. Three research trips to Bali each year to test locations, check healthcare options and fine tune their budget before making the leap.
Steve says this is about preparation, not impulse. He encourages viewers to seek licensed financial advice before making major retirement decisions.
Through his channel, he shares practical insights on Bali life for mature travellers and retirees, offering a clear look at what slowing down in Southeast Asia could really mean.
My Take…
Bali still undercuts Australia, where housing and healthcare costs feel like they are cosplaying as The Wolf of Wall Street. They will rent out their regional Victoria home for income and take three research trips a year to test locations and medical options. Steve calls it preparation, not a midlife Nirvana moment. Sensible. He also says get licensed financial advice. Through his channel he shares practical insights for mature travellers, offering a clear eyed look at slowing down in Southeast Asia.
Click on the link below for the full article:
https://www.youtube.com/watch?v=NgxrT8dy9pY
