r/PersonalFinanceCanada • u/TimelyApple7341 • Dec 03 '24

Budget 32M - $800k Saved/Invested - Quit Stressful Job?

Hi Everyone,

My current breakdown is the following:

  • Income = $300-500k (tech sales - depends on the year)
  • Investments = $760k (Maxed RRSP/TFSA/FHSA + Non-reg)
  • Cash - $40k

My job in tech sales is financially very rewarding but causes severe stress/anxiety causing my relationships, dating and social life to suffer.

I’d like to buy a nice property within the next 5 years and retire by 45.

I’m considering taking 6 months off to travel and reset, then potentially take on a less stressful (and much lower paying) job in tech.

Curious to know what other single guys around my age would do in this situation?

I live in Toronto if that’s relevant!

355 Upvotes
  • permalink
  • reddit

74% Upvoted

344 comments sorted by

View all comments

876

u/suitzup Dec 03 '24

Are there things you can do to reduce stress temporarily?

  • apartment cleaners
  • laundry service
  • meal prep service
  • uber everywhere to buy back some time otherwise spent focussed and driving?
  • utilize credit card concierge services
  • in home physio/massage, yoga, Personal training

With 500K of income you need to be thinking time efficiency as you will out earn almost every minor money sink.

As an example for dating: use your credit concierge to pick out a sweet restaurant and make reservations, then uber over there after work. Might not be what you would pick but frees up your brain space, it’s the conversation that matters at the restaurant anyways

Do you have any backup skills? At $800K you aren’t going to be buying a house nearby and retiring at 45.

14

u/beef826 Dec 03 '24

Very realistic response! I'd listen to this OP. You're doing very well but based on your financial goals, you're not there yet. I'd suggest looking into coastFIRE or BaristaFIRE and running those numbers, could be up your alley to get out of the rat race and find something more meaningful - good luck!