I’m Chad, and I’d like to tell you a little bit about myself. Let’s go back around 15 years when I was in my early 20’s. My father being in real estate taught me about “forced savings” as he called it. I bought my first property in Mississauga, Ontario. It was a lovely 1300 square foot condo with 2 bedrooms and 2 full washrooms. Having a mortgage at that age was definitely scary, but it gave me my first insight into the real estate market. By buying this condo, it obviously forced me to put money aside to pay the mortgage and in turn with the market growing I was creating some equity in the property. This was the start of buying many homes over the years, renovating the units, then in turn selling and/or renting them out. I have done this with many properties over the years and it’s been a wonderful (albeit, hard work) journey. As for my main type of “Job / Career” over the years, I have worked many positions in the IT industry. From starting as a network admin for a few years, moving to an IT manager for about 6 years and then on to different forms of consulting up until today. The IT space has been an amazing ride with tons of different challenges to tackle over the years, its definitely been fun. But the stress of long weeks and challenging clients can take its toll on folks, especially myself. I believe IT will always be a part of my life, but at this stage, I’m reevaluating where I would truly like to spend my time.
I don’t have some fancy degrees in school, I have found that self education has helped me tremendously. I had always detested school growing up, thinking why are they teaching me this stuff? Being pressed into a system that forces you to conform to specific standards was a massive struggle for me. Why did I need to learn subjects that I’d never use? Don’t get me wrong here, I believe education is huge and everyone should better themselves…
Around the age of 25, I came across the website milliondollarjourney.com which got me started on my path to freedom. Freedom with my life and as well with my finances. Watching someone else post details around their saving and investments showed me that it’s possible to speed up the “retirement” savings journey. I have made a lot of mistakes over the years with how I saved and spent money, but I think that’s just part of the learning process. Learning from your mistakes is key to me, as I know so many people that just do the same things over and over and never get ahead. Why is saving money such a bad thing? Some people call it a sacrifice, but I call it the road to freedom! Sacrifice to me is spending 40, 50, 60 hours a week in an office doing something you don’t truly enjoy.
I realized that it’s not hard to get to where you want with a little preparation, dedication, and luck. Randomness and luck play a big role I’d say. But the key there is that we can make our own luck. Keep growing, keep learning, push harder than those around you and you’ll find yourself luckier than most. Remember, you are the average of the people you hang around with. If you want more success, put yourself in those situations!
I’ve been a problem solver my entire life. I was that kid taking apart a VCR (some of you may have to look up what that is =) ) and try to put it back together. Something that I learned from my father that has been invaluable is the mind to try and fix things or do things yourself. So much money is spent on buying stuff when there is probably a DIY option, or a fix for what you have already. I’ve saved so much money by keeping this mindset. We are in such a consumerism society here in Canada that we just buy and throw out as needed. While I love the dollar store, its turned into basically disposable items and to me, that’s a little sad.
At 37, I have found myself in this very fortunate place where I can choose what I want to do with my life and time. I have reached FI as the FIRE community would call it. FI is different for everyone. For me, Financial Independence means to be able to not have to worry about money and be free with my time to do as I see fit. It hasn’t been an easy road to get here, I’d say its been around 10+ years of dedication and hard work. But I would have to attribute it all to having a goal of Financial Independence. I think all would agree that we want to ensure that we can live a comfortable happy life. But exactly what that means for each of us is obviously different. I’d say you have to find your “number” as to what you live on each year. I had noticed for myself, that I spend around 45k per year over the last 10 years. So my goal was to be able to produce that number with my investments and that would allow me to be financially free. Hence, this is where I am today.
I will share a lot more about myself and my journey, but I hope this gives you a little idea about who I am.
I’m looking forward to meeting and speaking with many for years to come. And maybe I’m able to help out a few people as well. I’d like nothing more than to share my thoughts and help others around me.
Thanks again for taking the time to read my blog.