Retirement; like your parents, but way cooler
In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience.
Interview with Kim Hurt
Billy and Akaisha Kaderli
We met Kim in
Thailand many years ago, and we did a
interview with him at that time. But we want to do an update!
current interview with the amazing Kim Hurt.
Castle in Loreley, Germany
Retire Early Lifestyle: Lots has happened since our last interview with you
some years past. We’d like to catch up. How old are you now?
I'm currently 68 years old.
At the time we last interviewed you, your retirement portfolio was built
upon real estate and Tenant In Common (TIC) investments. With the housing
and real estate bubble in 2008, have you made any changes in your
KH: Fortunately I sold off the majority of my personally held real estate
portfolio prior to 2006 so the bubble did not greatly affect me. Since then
I have converted some of the TIC investments into stock and bond
investments. I did not escape the downturn unscathed though as two of the
TIC investments failed but fortunately it was not a significant portion of
REL: We know you love to fly and understand that you obtained your pilot’s
license. How has this changed your Retirement Lifestyle?
Flying has changed my life dramatically. The community of privately
licensed pilots is a truly wonderful subculture of people who have at least
one thing in common – the love of flight. I have met and become good
friends with some incredible people who are some of the most generous and
giving folks around, much like the two of you. People who you may not have
contact with for an extended period of time but when you start communicating
again it's as though no gap exists.
church in Budapest built in the early 1200s
REL: We know your love for travel. Can you mention a few of your favorite
places where you traveled in the years since your retirement?
KH: I have a time-share in Cabo San Lucas, Mexico and love going there for two weeks
Most recently I went to Europe. A hiking buddy and I went to Germany and
did the Rhine River Castle Hike. The hike starts in Rudesheim, about 40
miles northwest of Frankfurt, and ends in Koblenz, Germany. We hiked about
15 miles, with about 2000 ft of elevation gain, per day. The total distance
was about 90 miles. While the hike was somewhat challenging, the scenery
From Germany we went to Budapest, Hungary for 4 nights. What a spectacular
city. The city is bisected by the beautiful Danube River and has many
incredible restaurants and a terrific jazz club.
I live in the wine region of northern California, Sonoma County, and had
heard from friends about the wine region near Budapest. Of course I had to
check out their wines and it turned out to be the highlight of the trip to
My hiking buddy is originally from London so we went there for 15 days. Stayed 5 days in London and then spent 10 days traveling around the southern
part of England. Went to the Cotswolds, where the medieval homes are built
of beautiful local yellow limestone. Traveled on to the city of Bath and
saw the ancient Roman Baths and then on to Stonehenge and Cornwall.
"Roman Baths" in the city of Bath, England
REL: Do you still own your home in the States?
KH: Yes. I have a home in Santa Rosa,
California and a home in Camp Verde,
Arizona home is about 17 miles south of
Sedona and located in an airpark,
which means there is a runway within the living community. I have my pilot
license and can fly my plane to Montezuma Airpark, land and taxi to my home,
park the plane in the hangar and walk into the house.
REL: How do you manage your finances while on the road?
KH: I have a financial money management company that takes care of my
investments and a bookkeeper who handles the monthly bill paying tasks. For
anything else, the internet makes taking care of other items pretty easy
from anywhere in the world.
REL: What do you average in spending annually?
KH: I have very little debt which helps reduce my annual spending
substantially. On average I spend between between $55,000 and $60,000 per
REL: Do you have health insurance? Are you open to Medical Tourism?
KH: I have health insurance through Kaiser Permanente Medical. I do not have
dental coverage through Kaiser and am open to
Last year I needed to have a route canal and crown replaced. I heard form
some friends about the small town of Algodones, Mexico, just across the border
from Yuma, Arizona. It's a town that specializes in dentistry and other
medical procedures. The quality and level of service is equal to that you
find in the US. he estimate from my local dentist for the root canal and
crown was $4,500. The cost to me in Algodones was $605. Needless to say,
I'm a fan of Medical Tourism.
REL: Do you own a vehicle?
KH: I own two vehicles. One for the home in Arizona and one in
REL: What are your greatest passions in life?
KH: My greatest passions are flying and traveling. They are very compatible and
I do both extensively.
British Parliament building and Westminster Bridge from inside the "London
REL: Where do you see yourself in 5 years from now?
KH: Hopefully I'll still be flying and traveling. Currently I spend most of my
time in California. In the coming years I plan to spend at least half the
year in Arizona.
REL: What has been your greatest challenge in Early Retirement? Your biggest
KH: My greatest challenge was finally letting go of my work. I was a real
estate broker and owned my own company. It took me a few years of backing
out of the business to finally be comfortable not getting up every day and
going to work.
The biggest lesson was that I learned that I needed to find something to
fill the void left by no longer working. I already new that I loved to
travel but it wasn't until I discovered my passion for flying that I found
the void could be successfully filled.
REL: Tell us about your greatest personal success, not necessarily finance
KH: I have many long term friends, dating as far back as to when I was in grade
school. Over the years, we have remained in close contact and I have either
taken council from them or given council to them. I would count these
relationships as a very rewarding success.
fishing village of Port Issac in Cornwall, England
REL: How do you contribute to the world?
KH: Most of humanity depends greatly on the company of true friends. I think I
contribute to the world by being one.
REL: What’s the worst thing you deal with in your chosen lifestyle? Your
KH: I think the worst thing I have to deal with and my biggest challenge is
keeping myself from becoming mentally and physically lazy. It is easy to
overindulge in over eating and drinking. It's also not difficult to fall
out of the habit of keeping physically fit and in reasonably good shape. I
work hard to limit my intake and to get physical exercise to stay in shape.
REL: What is exhilarating beyond words? Something you would never trade
about your lifestyle to obtain “security?”
KH: As long as I am mentally and physically capable, I will never give up the
exhilaration of flying to be more secure. There are risks in just about
everything worthwhile in life and while flying has its risks, the rewards
far outweigh the risks.
REL: What would you say to someone who is considering tossing the
conventional lifestyle and living one of travel? What advice would you give?
KH: I would say go for it!!! If you have a cash net worth of $800,000 to
$900,000 you should be able to generate $40,000 to $50,000 of unearned
income per year. This is subject to Capital Gains Tax, which in most cases,
is less than Earned Income Tax. If you watch for the airline deals to
South America, or
Asia it's possible to travel to and
maintain a very nice lifestyle in these areas with the above income.
"Green Bridge" over the Danube River in Budapest, Hungry
REL: What is a secret fact about you?
KH: A secret fact about me is that I'm an avid movie fan. I really enjoy going
to the big screen theater. The secret is that I can't resist the “movie
theater” popcorn. I always get the small size to limit the caloric intake,
but it's something I just can't resist.
REL: How do you contribute to the world?
KH: I donate to charities, try my best to be a good citizen to my country, and a
good friend to those close to me.
REL: What is your biggest splurge?
My biggest splurge was buying an airplane.
REL: Where are you going next?
KH: My next domestic trip is to
Arizona for Christmas and internationally to Cabo San Lucas,
Mexico in May of 2019.
We at Retire Early Lifestyle would like to thank Kim for taking the time to
answer all of our questions, and for his willingness to share his life with
our Readers. Thanks Kim!
read more about other Captivating Characters and Early Retirees,
What's Your Number? - How much money do you need to retire?
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About the Authors
Early Lifestyle appeals to a different
kind of person – the person who prizes their
independence, values their time, and who doesn’t
want to mindlessly follow the crowd.
Retire Early Lifestyle Blog
About Billy & Akaisha