Exciting news! Approximately two weeks ago I met with my supervisor and gave him notice that I am quitting my job. I should be officially off the books next week.
The best part... I've got absolutely no new job lined up to hop into and have no desire to work another job. But my wife and I have a new adventure planned for our future.
For the several thousand readers who don't know me personally, I have worked in law enforcement for the past nine years. I've had a broad range of experience in the field, working positions ranging from a patrol officer to traffic enforcement to bylaw enforcement to animal control. This means I've headed up investigations into everything from unsightly properties to serious dog attacks to armed robberies.
The experience of law enforcement was life-changing for me. Some countries have military conscription; I believe prosperous countries should seriously consider encouraging their graduates to serve in law enforcement for a few years. Law enforcement will teach you more about human behaviour than any other career I can think of.
However, after nine years my heart wasn't in law enforcement anymore. I think I am probably too independent for the hierarchical structure of the law enforcement world. While the work can be interesting and I worked with many great people on the front lines, the bureaucracy gets tiresome and the policies and procedures are increasingly inhibiting.
By watching our spending, working hard, and successful investing, my wife and I have built a pretty substantial financial cushion and this is a great opportunity for us to do something completely different with our lives. As I always say, this journey is about freedom.
While I haven't made any serious efforts to find new things to occupy my time for monetary gain going forward, my wife and I have made plans for a huge shift in our lives.
In August 2019 we will be moving overseas to Hanoi, Vietnam. We hope to live there for several years and use it as a base to discover eastern Asia. We've never been there before; in fact, I've never been west of coastal British Columbia. But we've heard a tonne of great things about Vietnam and Hanoi, particularly from friends who have visited there.
The people are supposed to be wonderful, cost of living is low, and Hanoi has much more comfortable weather than other cities in the region like Saigon, Bangkok, Jakarta, or Kuala Lampur.
On the financial side, taxes on stock investments in Vietnam can be as low as 0.1 percent per sell-side transaction. This means I will change a few things in my portfolio, but my investing should become simpler and much more tax friendly in the long run. However, I will take a bit of a tax hit as I will likely be taking money out of RRSP accounts at some point down the road.
My wife, an elementary school teacher, has taken a position with a prominent American school in Hanoi. She's very excited to work with a new curriculum and enter the world of expat international schools.
Her new school is making the transition to Hanoi extremely easy. With their help we've already secured a furnished apartment, got our visas in order, and are getting a full tour of Hanoi and everything we need to know when we arrive. We are also coming into a community of individuals with similar interests.
Once things get settled (likely in the middle of August), you may see some changes around the blog. I might take up more writing, dive deeper into some of the portfolios I work with, do some consulting, and start a regular newsletter.
I'm always open to new ideas from readers, so please contact me if you have some thoughts on where I should spend my time and further develop the blog.
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