Re- Thinking Middle Age Finances

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Study Hard. ( I did not do this ) Get a good job. Buy a big house . Be a good parent.( I do my best at this one ) Save for retirement. DIE !!.

This is the traditional view of life that formed my up bringing . Now I realize that this is not for me.  Shame it took me so long to figure it out, but as they say “better late than never”.
At my age, with my children getting older,the traditional financial suits  would be telling me to maximize my earnings to “top-up’ my investments to boost my retirement income.

There is a couple of issues with this view . Firstly, I don’t have a great deal of investments. Life ( 4 kids and 2 marriages) happened to me , instead of a stable investment plan . Secondly, retirement doesn’t seem that appealing either . ( I suck at golf)

How many people earn money doing something they love?  Well not me. Not for the past thirty years. Apart from a few remote occasions, I have done jobs for one reason only, Money.

At times I have earned decent money, but would then purchase items unnecessarily as a self reward for working hard at a job I hated. Work more.Spend More. The cycle that has dominated my life since entering the work place. This is a common feature of modern society, in fact recently it has been reported that 50% of north Americans spend the same or more than they earn on a weekly basis.  Aimlessly working hours, days, weeks, months, into years at jobs that were not enjoyable or satisfying in any way .

I am now approaching the age at which my father passed away, and determined not to waste anymore of my life. Time to change things up. So, instead of working harder, I want to spend my money smarter on things my family actually need, rather than what I  want as compensation. By doing this I am hoping to create enough time and more importantly, the energy to do things I love to do.

I have always loved metal work . In particular sculptures and figurines made from metal. Never had the mental energy to start producing my ideas.

This  has not  been exactly a “Eureka!” moment and I don’t really have a master plan.  In fact I have no bloody idea how I”m going to do this.  I guess like most problems that seem insurmountable, you pick a point to start and do just that, start.

Stage 1: Identify what was wrong

Stage 2: Prioritize the order of which I would change it.

Now time for a reality check . There are some areas of my life  I cannot change immediately. For example, as I have previously mentioned, I no longer like to live in Calgary AB.  Living in this city is not the reason why I moved to Canada and I would leave here in a heartbeat. However I can’t. My two remaining sons living at home are both at critical times in their schooling.  Schools here are good and well-funded (although this is getting less so with the decline in the oil industry and incompetent politicians) So being  the responsible parent, I am stuck living  here until the time is right.

I think its important to start at where you can make quick changes, to gain some mental momentum.

With that in mind I started to look at the obvious. Like most people of my generation, work seemed to occupy my whole life. Not at anytime could I say I have enjoyed work. Some people say they love their work , but when asked if they would still do it if they won the lottery, most reply with a confident “NO!!!”.  So to me, they are not being honest with themselves.

My end goal here is to make a living doing something that I would actually do for free . I think there are a lucky few that manage this, sports stars, musicians, actors etc. But even these are only a small percentage of people who actually play sport or music.  So, I realize this is not going to be an easy task.

How do you eat an elephant?

One fork at a time .

Having worked in the construction industry for most of the my time here in Calgary, I had earned a fair living from it.  Long hours, especially in the summers, increasing levels of incompetence and stupidity, combined with workers who cannot show up every day, customers who want top dollar work done for bottom dollar prices, delays in payment, as well as decreasing profit margins, has taken the shine off working in the industry in recent years.

Over the last year I have slowly moved away from my line of work. Firstly, I picked up part-time work with a local contractor who transported cars for a well-known car rental company. This enabled me to actually have a summer this year. A visit from my family in England,my eldest sons wedding and the birth of my second grandson made for an eventful and memorable time .

At the same time I started making some metal sculptures and selling them through an online store and even made a few sales.

Problem with the part-time work is that it didn’t provide enough income to keep my,  family. What it did though was to show me what I was missing. I really enjoyed trucking again. With the shortage of truck drivers in western Canada I started to look for work.

At the end of the summer an opportunity arose for me to take a load from Calgary down to Los Angeles. I took it.

Over the next eight days I drove down and back and really enjoyed myself ( see my other blogs on this adventure)and as if confirmation was required, I had definitely made the right decision .

The right decision to go back into trucking was confirmed, however the type of trucking work was not the perfect fit.  Long distance work by its nature meant I would be away from home for long periods of time.

Looking at the big picture and with my target to make a living out of metal art and sculpture, long distance trucking would not allow the time to develop this area.

Now sometimes things happen for a reason.  Not sure why this happens, but sometimes things just work out that way.  It was at the exact time I was preparing to go back out on my second  trip south, when I received an unexpected call from the car rental company. It appeared that their contractor had quit his position and they offered me the work .

There we have it.  Times are a changing. I am now working on hauling cars on a full-time basis, but with enough time for metal work and I even recently managed to find a retail outlet locally that have agreed to stock my work.

Little steps, but in the right direction.  I have along way to go but I believe I can do it.

Next step. Setting up a Budget!!!!

To be continued…….P1030631

 

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