Jeff76Canada
Dryer sheet wannabe
- Joined
- Apr 21, 2018
- Messages
- 22
First of all, sorry for grammar errors English is a second language for me.
My name is Jeff, 42 years old, two kids under 8 years old.
I had 4 small business in South America,Argentina to be precisely.
I Was really doing well in business, companies growing. But quality of life was bad, I would like to stay more with my kids, and overall quality of life in my home country was pretty bad. I've been everywhere in the world because of my business, and I knew I could provide better in other place.
So I planned and moved to Canada, and now I've been living as a permanent resident here for almost one year.
Since I sold my business, I raised a good amount of money and was planning to open a small business here in Canada. After arrival, I started to do part time what I always enjoyed, investments ! I mean stock, bonds, forex etc.
I have invested 4 million Cad. this last 7 months, I got something around 9000 CAD per month in dividends only. (almost 3% dividends from stocks and bonds)
My expenses here are below 7000 CAD a month. Im selling my home in Argentina that can pay off my mortgage here. So no mortgage in the near future to pay. We are pretty frugal, nothing fancy, from clothes to restaurant. We like the good stuff that last, and we are fine with this budget. We shop at Costco, we are price sensitive family, and we enjoy like that.
Car paid off. Only one. Credit card always paid in full. We like to travel, camping etc and in Canada there is tons to discover!
Suddenly I started to read more and more about early retirement , and I think I could fit on this crowd. Took me some good months to convince myself.
What I am missing here?
Is it really safe to do it? I am in the 4% rule, but I always feel I am missing something. I was a hands on business owner, and I treat this subject now like my business, I am always reading and informing myself about it.
Thanks a lot
My name is Jeff, 42 years old, two kids under 8 years old.
I had 4 small business in South America,Argentina to be precisely.
I Was really doing well in business, companies growing. But quality of life was bad, I would like to stay more with my kids, and overall quality of life in my home country was pretty bad. I've been everywhere in the world because of my business, and I knew I could provide better in other place.
So I planned and moved to Canada, and now I've been living as a permanent resident here for almost one year.
Since I sold my business, I raised a good amount of money and was planning to open a small business here in Canada. After arrival, I started to do part time what I always enjoyed, investments ! I mean stock, bonds, forex etc.
I have invested 4 million Cad. this last 7 months, I got something around 9000 CAD per month in dividends only. (almost 3% dividends from stocks and bonds)
My expenses here are below 7000 CAD a month. Im selling my home in Argentina that can pay off my mortgage here. So no mortgage in the near future to pay. We are pretty frugal, nothing fancy, from clothes to restaurant. We like the good stuff that last, and we are fine with this budget. We shop at Costco, we are price sensitive family, and we enjoy like that.
Car paid off. Only one. Credit card always paid in full. We like to travel, camping etc and in Canada there is tons to discover!
Suddenly I started to read more and more about early retirement , and I think I could fit on this crowd. Took me some good months to convince myself.
What I am missing here?
Is it really safe to do it? I am in the 4% rule, but I always feel I am missing something. I was a hands on business owner, and I treat this subject now like my business, I am always reading and informing myself about it.
Thanks a lot