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Showing posts with the label Early Retirment

So What’cha Going Do to Earn a Living?

I know that will be the first question to be asked by our friends and families when we finally tell them about our escape plan.   My response will be “Good question.   You’ll be the first to know once we figure it out.”   That’s where we’re at - at this point in time, we don’t really know how we’ll earn an income.   The initial goal is to sustain ourselves with the initial proceeds from the sale of our house and all of our stuff.   Provided we are careful with our money, we should be able to live quite comfortably for a few years without having to work.    Obviously, we still would like the ability to travel, so becoming permanent beach bums isn’t really an option.   We have longer term ideas of perhaps opening a B&B, hostel, beach bar, scuba shop or the like.   We also have shorter term goals of selling some of J's photograph on stock photography sites or perhaps I'll become a professional blogger (ha, ...

What Were We Thinking?

In yesterday’s post, I said I would try to explain our decision about our plan to relocate to Ecuador in 2017.   Putting our thoughts on paper is harder than I thought it would be, so please excuse me if it doesn’t make sense to you, but in the paradise that is my mind…it makes sense to me.   Let me first say – regardless of how much I complain about the long, cold, Canadian winters, we love our country and Canada will always be our home.   That said, I’ve got enough love in my heart to go round, so enough with the mushy stuff.   Here we go…   Lack of Time   I know I’m not the only one out there and that the majority of us are in the same boat.   We all lack time and lack of time is has been one of the biggest deciding factors to relocate - we just don’t have time and can’t seem of find the time for anything – no time for each other, no time for our son, no time for chores, no time for hobbies, no time for friends and n...

Living The Dream…Somewhere in an Alternate Reality…

I’ve been thinking a lot lately about my future.    Not necessarily next week or next month, but where I’ll be in 10 years from now.     At present, I’m working towards the goal of being debt and mortgage free in about 6 years, but then what?     I certainly won’t be able to retire at that time because I won’t have any substantial savings in which to support myself.     After the debt free goal has been attained, I still plan to buy a vacation property in the Caribbean, but I’ll only be able to enjoy a couple of times per year because I’ll still have to work to pay for the vacation home.   It would be fantastic if I could simply work in the Caribbean, but my options for employment will be hindered by the whole work visa issue.   Another option I’ve been toying with to avoid the whole work visa issue is to simply buy an existing business in the Caribbean.   But what business could I possibly be qua...