Comments on: The Numbers Behind Not Needing My Day Job http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37719 Canadian Dream Tue, 22 Dec 2009 11:53:07 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37719 @Jon Snow, $3000/month in Vancouver...OMG! I'm deeply impressed. @Chad, Yep, natural gas rates went down, so a bit of saving there. I've hear of ally.ca but have never used them. I'm thinking about opening an account after I pay off the mortgage for putting a few GIC's in my TFSA. Tim @Jon Snow,

$3000/month in Vancouver…OMG! I’m deeply impressed.

@Chad,

Yep, natural gas rates went down, so a bit of saving there. I’ve hear of ally.ca but have never used them. I’m thinking about opening an account after I pay off the mortgage for putting a few GIC’s in my TFSA.

Tim

]]> By: Jon Snow http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37706 Jon Snow Tue, 22 Dec 2009 04:39:09 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37706 Our household expenses are also about $3000 per month - no small feat in Vancouver... thank goodness we bought our condo in 2002, before RE became INSANE... when rates rise there will be blood in the streets here. We should thankfully be mortgage free by then. Our household expenses are also about $3000 per month – no small feat in Vancouver… thank goodness we bought our condo in 2002, before RE became INSANE… when rates rise there will be blood in the streets here. We should thankfully be mortgage free by then.

]]> By: chad http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37703 chad Tue, 22 Dec 2009 03:54:31 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37703 now 35 looking at retirement 55 no company pension simple cost of living here in sask hey cdn dream ever heard of future now energy saving us 10-20% on my nat gas bill sure like the tfsa any one here of ally.ca? now 35 looking at retirement 55
no company pension
simple cost of living here in sask
hey cdn dream ever heard of future now energy saving us 10-20% on my nat gas bill
sure like the tfsa
any one here of ally.ca?

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37702 Canadian Dream Tue, 22 Dec 2009 03:29:40 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37702 jacqjolie, Actually I generally like my job. I'm a bit concerned with some management changes going on towards the top. I like to have a back up plan in case things go south at this job. Idk, I'll let you know how I do with the idea. Adam, Ah yes the other reason I'm keeping my day job for now. My wife wants to leave the workforce the same time I do. Caitlin, Actually that is some what misleading of a statement. In the world of daycare the first few kids have almost no profit after expenses. The last few cost almost nothing beyond a bit of food so are basically almost pure profit. So the profit per kid depends mostly on what number in the order they are and if they are part time or full time care. Overall the pay isn't great, but it works when you consider we aren't paying for daycare and my wife enjoys her job. Actually she is working on a guest post about the pro/cons of working at home, so you can look forward to that. Tim jacqjolie,

Actually I generally like my job. I’m a bit concerned with some management changes going on towards the top. I like to have a back up plan in case things go south at this job.

Idk,

I’ll let you know how I do with the idea.

Adam,

Ah yes the other reason I’m keeping my day job for now. My wife wants to leave the workforce the same time I do.

Caitlin,

Actually that is some what misleading of a statement. In the world of daycare the first few kids have almost no profit after expenses. The last few cost almost nothing beyond a bit of food so are basically almost pure profit. So the profit per kid depends mostly on what number in the order they are and if they are part time or full time care. Overall the pay isn’t great, but it works when you consider we aren’t paying for daycare and my wife enjoys her job. Actually she is working on a guest post about the pro/cons of working at home, so you can look forward to that.

Tim

]]> By: Caitlin http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37694 Caitlin Mon, 21 Dec 2009 22:06:59 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37694 Way to go! "<i>Or if my wife takes another kid in the daycare and clears another $350 a month in profit we also get to the same place.</i>" One kid in daycare brings in $350/mo in <b>profit</b>? Amazing! Way to go!

“Or if my wife takes another kid in the daycare and clears another $350 a month in profit we also get to the same place.”

One kid in daycare brings in $350/mo in profit? Amazing!

]]> By: Adam http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37686 Adam Mon, 21 Dec 2009 19:50:26 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37686 Well now I like what I hear. My significant other would keep working. ;) I could technically retire as well if she was ok with this little arrangement ;) I am sure the real response would be 'no way sparky, then you'd be a bum' or some variation of that. Well now I like what I hear. My significant other would keep working. ;) I could technically retire as well if she was ok with this little arrangement ;) I am sure the real response would be ‘no way sparky, then you’d be a bum’ or some variation of that.

]]> By: ldk http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37676 ldk Mon, 21 Dec 2009 15:28:24 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37676 Congrats on this new development!! We reached 'semi-retirement/financial independence' status about 2 years ago(we are 39 now) and have been struggling with it ever since, so I am very interested to read along as you enter into this 'next stage' of personal finance~Enjoy the journey! Congrats on this new development!!

We reached ‘semi-retirement/financial independence’ status about 2 years ago(we are 39 now) and have been struggling with it ever since, so I am very interested to read along as you enter into this ‘next stage’ of personal finance~Enjoy the journey!

]]> By: jacqjolie http://blog.canadian-dream-free-at-45.com/2009/12/21/the-numbers-behind-not-needing-my-day-job/comment-page-1/#comment-37672 jacqjolie Mon, 21 Dec 2009 13:46:11 +0000 http://blog.canadian-dream-free-at-45.com/?p=1223#comment-37672 Hi Tim, I thought you liked your day job? You might find that now that you've proven by running the numbers that you don't NEED the day job, one of two things happen - you stay and are happier because you have a greater sense of security. At some level there's always that sense of fear when you're dependent on a job. Or once you realize you're a free agent apart from the formality of giving notice, opportunities and interests come out of the woodwork everywhere and you realize you just need to ditch that daytime job to explore them more. Any chance of moving to part-time at your current job? Working 2 jobs simultaneously while having a family wears on you after a while, even if you enjoy both. Hi Tim,
I thought you liked your day job?
You might find that now that you’ve proven by running the numbers that you don’t NEED the day job, one of two things happen – you stay and are happier because you have a greater sense of security. At some level there’s always that sense of fear when you’re dependent on a job.
Or once you realize you’re a free agent apart from the formality of giving notice, opportunities and interests come out of the woodwork everywhere and you realize you just need to ditch that daytime job to explore them more.

Any chance of moving to part-time at your current job? Working 2 jobs simultaneously while having a family wears on you after a while, even if you enjoy both.

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