u/frugallad

Hey everyone. Would love for experienced folks here with kids to help us recommend what is best way forward.

I am 42, wife is 37 and two kids both below age 8.

Net worth : The following below is our total net worth as a family ( cad ) :
> Rrsp : $543k
> Tfsa : $250k
> Resp : $50k in family resp ( we will want to fund their bachelors education fully )
> House : $800k paid off ( market is bad so maybe get $750k )
> Emergency cash : $60k
> Non reg account : $100k

—> Total net worth $1.8mn cad.

Expenses : Monthly expenses in ontario are $ 5300 now, but thats due to our financed car and youngest day care.
Both expenses will drop next year September and our expenses will be $4000 monthly if we stay in gta.

CAGR / Return so far: All investment and retirement accounts are in low cost etf and have been blended cagr till now 12.5% but future we expect 8% )

Income: I make $150k a year while wife has taken a sabbatical last month but was making $140k. We both want a change. I have been working non stop for 18 years without break and wife 12 years. I absolutely hate my job and want to quit.

Our background: I am in tech sales and wife is in hr.

Questions :

1. Are we ready to coast fire? Ideally take a break 6 months and find something between wife and i to make gross$75k -$80k as family.

2. We are also thinking of moving from GTA to somewhere in Alberta or Saskatchewan. Buy an almost new townhouse 3 bed and work regular jobs that can give us $80k gross family income.

3. If we move which province or city you recommend to maximize geo arbitrage in Canada while same time also wife and I can get regular job in our profile.

We have not taken any vacations in past 15 years and corporate grind of high pressure tech has affected me alot.

Thank you so much.

Hey everyone. Would love for experienced folks here with kids to help us recommend what is best way forward.

I am 42, wife is 37 and two kids age 8 and 3.

Net worth : The following below is our total net worth as a family ( cad ) :
> Rrsp : $543k
> Tfsa : $250k
> Resp : $50k in family resp ( we will want to fund their bachelors education fully )
> House : $800k paid off ( market is bad so maybe get $750k )
> Emergency cash : $60k
> Non reg account : $100k

Total net worth $1.8mn cad.

Expenses : Monthly expenses in ontario are $5300 now, but thats due to our financed car and youngest day care.
Both expenses will drop next year September and our expenses will be $4000 monthly if we stay in gta.

CAGR / Return so far : All investment and retirement accounts are in low cost etf and have been blended cagr till now 12.5% but future we expect 8% )

Income : I make $150k a year while wife has taken a sabbatical last month but was making $140k. We both want a change. I have been working non stop for 18 years without break and wife 12 years. I absolutely hate my job and want to quit.

Our background : I am in tech sales and wife is in hr.

Questions :

1. Are we ready to coast fire? Ideally take a break 6 months and find something between wife and i to make gross$75k -$80k as family.

2. We are also thinking of moving from GTA to somewhere in Alberta or Saskatchewan. Buy an almost new townhouse 3 bed and work regular jobs that can give us $80k gross family income.

3. If we move which province or city you recommend to maximize geo arbitrage in Canada while same time also wife and I can get regular job in our profile.

We have not taken any vacations in past 15 years and corporate grind of high pressure tech has affected me alot.

Thank you so much.

Hey all, been an ardent follower of this sub since many years. Thanks to all of you as in my journey you all helped alot.

I am 40 now, married happily and 2 kids both under age 8. I make about $150k a year and wife makes about $120k ish. We live a happy life. We are based in Canada.

I grew up in a loving family but my parents were spendthrifts and used to spend more than they can earn. Due to this, in early childhood i had experiences where either money was always tight or our lifestyle fluctuated alot. From early childhood i made my mind to always save as much as i can so when one day i have family, i can ensure safety and stability.

After 2 decades of almost abject frugality, i have a paid off home worth $830k and $1.5mn invested total in rrsp, resp and tfsa ( all in index funds and some mutual funds ). We save about 60-70% of our income monthly. All great so far, but where i need help is this behaviour of mine due to childhood experiences has caused immense fear and anxiety in me of loosing all money. I work a job that i hate now and want to quit and do something of my own and before doing that take a 2-3 months break as working non stop since age 22 without any gap between jobs. But i am unable to let go? Has anyone overcome this fear and anxiety of what if!

Thank you

Hi Everyone,

Need some guidance and advice as a mature applicant here. Age 42 Male. In Canada since 15 years and citizen since 2021. Did schooling and bachelors degree overseas but completed Masters in business and analytics a decade back from a premier canadian uni and then worked in some of the top tech companies. No technical education or hands on tech experience but i have worked at fore front of cloud computing and analytics projects.

Since i come from a non technical/engineering or medical background, are there any chances for someone my age and background?

Have a stable career but always wanted to join armed forces since i was a kid, however life happened in-between including marriage, kids helping parents etc. now my wife and family is onboard and i want to give my best shot at it.

I selected army and listed top 3 choice as intelligence, logistics and personnel officer while creating profile.

Questions :

1. With my age and background do i stand a chance? If any which occupation?

2. By mistake i did select regular instead of direct entry officer and now system not allowing me to change it. Can i change it? Google says upload masters degree and transcript and call recruitment centre

3. I am overall physically fit as play sports regularly but anything else i can do extra?

4. For my occupation list any changes i can make that will help my odds?

Thank you so much.