With the markets having taken a major downturn, I have now acknowledged the fact that I will likely need to return to work in one way or another . With us retiring early, this was always a possibility, and I knew that if a bear market happened, it would likely be the case.
So, I currently see three options:
Teach English in Asia (Taiwan or Thailand), where we can make enough money to make ends meet until the market recovers (I know this could be a while). This would allow us to not touch our investments, but not give us any extra.
Try and find a job in my field of expertise in Asia.
Return to Canada and find a job in my field of expertise.
#2 would be very nice, but my field is very specialized, to say the least. I have found a few jobs, that I have applied to, but so far no replies. I think a lot of companies would rather not hire from overseas for these sorts of positions, I think.
#3 is the easiest, and definitely pays the best. The thing is that cost of living is such a major factor to consider!!!
I figured out that in Canada I need to make about $80000 CAD / year ($6666 per month CAD) to equal the spending power of $50000 Baht per month in Thailand or about $70000 NT$ per month in Taiwan. Insane, yeah?
The biggest part does seem to be ego though. I have no issues being “retired”, but if I have to go back to work, part of me has big issues with teaching English again, rather than doing my highly trained, highly skilled field of expertise that I spent the last 10 years working so hard to get. Now, I wouldn’t do it in the exact same way, with the killer hours and evil work, but something related is not hard to find.
It is also interesting that the China issue has become a very real worry in our discussions as of late. Especially when we are considering Taiwan as a permanent relocation. How to deal with this concern in a rational manner that addresses both of our fears?
Can you provide more details? Depending on the field it may be relatively easy or basically impossible to get a job without knowing Chinese. Also whether it would make sense financially. If you can get into anything semiconductor related 70k NTD is not only doable but probably far lower than the compensation you will be offered.
I would think the best you can do is to have passports and cash at the ready in case you want to run to the airport. I’m guessing that any attack from China would be preceded by troop buildups and a lot of belligerent noise or other incidents. So if things seem to be getting out of hand you could conveniently take a surprise long-term vacation outside of Taiwan.