Join Early Retirement Today
Thread Tools Search this Thread Display Modes
38 year old Canuck in Ontario via Thailand and NZ
Old 07-28-2008, 05:17 PM   #1
Confused about dryer sheets
Join Date: Jul 2008
Posts: 1
38 year old Canuck in Ontario via Thailand and NZ


I'm late into this game as is my nature. I only recently began saving for the future and it has been a small amount as well. I'm only now getting worried as I approach 40.

I am a mathematics teacher by trade and I worked 5 years in New Zealand followed by 5 years in Thailand. I am now back in Canada and hopefully will find a teaching position which will keep me here for a few years at least. I have a wife but no kids yet. The only investment I have is with Royal Skandia and is currently at about $US 10000.

I need to get my act in gear if I don't want to work all my life.

I'm hoping that joining this forum will play a part in my future planning.


RamR is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-28-2008, 07:02 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 9,699
Welcome to the forum! There are quite a few Canucks here, myself included. Sounds like you need to get cracking on the retirement planning and at the present pace it will probably not be early retirement.

There is a wealth of information and knowledgeable people here, so enjoy!

For additional Canuck specific financial information, check the financial webring forum.

Meadbh is offline   Reply With Quote
Old 07-28-2008, 09:18 PM   #3
Full time employment: Posting here.
Join Date: Jun 2006
Posts: 926
....The concept which is most likely to change your financial situation more than any other is learning to live below your means. A simple way to look at the subject is to consider that in your entire lifetime you have spent everything except that aprroximately 10K you now have in Skandia. You might try tracking all of your expenses very carefully for several months to get an idea where it is all going and to also get ideas about where to cut expenses and begin saving more. Welcome to the forum and consider the very important fact that you have seen more of and learned more about the world than most people your age.
jclarksnakes is offline   Reply With Quote
Old 07-29-2008, 09:21 AM   #4
Dryer sheet aficionado
Join Date: Jul 2008
Posts: 27
welcome to the forum!

I lived in NZ for about 8 years myself - beautiful country but they don't pay teachers anywhere NEAR enough for what they do over there.

I just joined as well and so far people have been very helpful =) Good luck!
A car is only as fast as the driver
dorikin_86 is offline   Reply With Quote
Old 07-29-2008, 03:06 PM   #5
Thinks s/he gets paid by the post
Milton's Avatar
Join Date: Apr 2007
Posts: 1,937
Welcome to the forum.

Apparently you have enjoyed yourself like a globetrotting grasshopper and have essentially nothing to show for the past ~15 years. Well, you are not alone. And at least you've finally realized the need to provide for your future. Better late than never!

You still have time to save, invest and otherwise plan. If you can be happy with a modest lifestyle, an early retirement is probably still possible for you, if you aggressively ramp up your savings.

You've got a couple of things going for you: (1) you have no children, so that's one expense that you won't have to cover; (2) as a Canadian your health insurance is covered, so that's another savings.

You might get some benefit from these books:
  • Derek Foster, The Lazy Investor: Start with $50-- and no investment knowledge (2007);
  • Derek Foster, Stop Working: Here's How You Can (2005);
  • Dianne Nahirny, Stop Working - Start Living : how I retired at 36, without winning the lottery (2001);
  • Alan Dickson, Free Parking: a second look at financial planning (2001);
  • Alan Dickson, Advance to Go: the road to a rich retirement (2003);
  • Joe Dominguez, Your Money or Your Life: transforming your relationship with money and achieving financial independence (1992).
None of those titles are without flaws, but they should be of some help.

Finally, note that if you spend all or most of the balance of your working life overseas, you will have little or no CPP or OAS entitlement: that is an incentive to stay put for the rest of your career. Most publicly-employed Canadian teachers have generous private pension plans, too.
"If at any times we must deal in extremes, then we prefer the quiet, good-natured hypocrite to the implacable, turbulent zealot of any kind. In plain terms, we are not so fond of any set of notions, as to think them more important than the peace of society". John Toland, The Description of Epsom (1711)
Milton is offline   Reply With Quote
Old 07-29-2008, 03:15 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,174
I'll second the pension mention. Not sure how it works but stateside teachers in one southern state I am familiar with can get a decent pension with as little as 20 years of service at age 60 with no penalty for retiring early.

FUEGO is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Crazy Canuck KCCanuck Hi, I am... 14 06-30-2008 06:43 AM
Interest payments *increase* year-to-year on a fixed loan?? CompoundInterestFan FIRE and Money 10 02-29-2008 11:05 AM
Former Canuck dreams of the tropics lawman3966 Hi, I am... 4 01-10-2008 07:07 AM
Going to Thailand bigla Travel Information 15 09-21-2007 09:19 PM
Southern Ontario Canada (Niagara Region) ShokWaveRider Life after FIRE 10 07-30-2006 09:42 PM


All times are GMT -6. The time now is 01:29 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.