fraserrc
Confused about dryer sheets
- Joined
- Jul 9, 2007
- Messages
- 8
My wife and I live in a relatively big city in Canada with our 1 year old and another on the way. We're in our 30s and have schooled hard and worked hard the last 15 years and we've built up a fair sized nest-egg but the big city is an expensive and fast paced place. We could handle the fast pace as yuppies, but now with children we want to slow things way down and focus on family first. We've been entertaining checking our of the big-city lifestyle and moving to a smaller town (~15000) where life is slower and hopefully more community oriented. We would likely be able to sell out high-valued house and buy a similar house in the small town for half as much. The monies left over combined with our nest-egg would give us an annual cash flow of ~$18000 (dividend income only - we don't like bonds). Not a lot of money but we won't go hungry. We expect to pick up other jobs or careers but ones that are more laid-back than the high stress careers we currently have, or have only one of us work, and continue to build up our portfolio so that when the kids are teens and are more expensive, our cashflow should also be significantly more. We'd essentially be deriving income from our portfolio rather that contributing to it which would take a major mental shift for us as we currently save about 50% of our take-home pay.
Has anyone else here done such a thing before? We're a bit nervous we'll regret it, but we're equally worried about regretting not doing it in 20 years. If it doesn't work out or within the first few years we don't like it, we can always come crawling back to our current careers (both my wifes and my skillsets are in very high demand and short supply)
fraser
Has anyone else here done such a thing before? We're a bit nervous we'll regret it, but we're equally worried about regretting not doing it in 20 years. If it doesn't work out or within the first few years we don't like it, we can always come crawling back to our current careers (both my wifes and my skillsets are in very high demand and short supply)
fraser