I finally got my bonus. Drum roll please…
$2,775. And a Louis Vuitton coin purse.
Considering that I have only been with my boss since June 22nd, I think this is pretty generous. He offered to only pay me half and to have me work out with the bookkeeper what I should take off in taxes, but since I already owe the government money from when I worked for my Liberty Village boss, I said I’ll take the full amount. I think I’ll also be putting $1775 directly into my RRSP.
My goal this year was to invest $2000 into my RRSP. I am not certain if I’ll be able to meet this goal, but I may shift some of the money I set aside for taxes into my RRSP, to get a higher deduction and to hit my goal. I’ll be receiving that money on Monday. I think I will take the remaining $1000, set aside $300 for taxes/deductions, and put the remaining $700 into my emergency fund. This will top up my emergency fund to $1,300, or $1,450 by Jan 1st 2012, after I add in another automated payment of $150. Merry Christmas to me, indeed!
My other goals are going to change too; I originally stated that I wanted to bring in an extra $40,000 through freelancing. Well, folks, I have something to confess. By now, most readers know that I was a formerly licensed realtor, who gave up selling (because I hated it) to work as an assistant to a top producing realtor in the Bridle Path. I based that goal on sales that I would do on the side, which is no longer realistic. I am guessing that were I to average out the work I’ve done on the side this year, I probably brought in approximately $150-200/month. That’s a pretty decent side hustle, and I will be looking to increase my streams of income in the New Year. I’m going to look into some tutoring, since a couple of my friends use this as their source of side hustling.
I am also putting some serious thought into a career change. I’ve been working in real estate for nearly 3 years now. I thought it was going to offer me the big city glamour and lifestyle that I wanted:
When in reality, the life I actually wanted looks more like this:
The same paradigm shift happened with the city of Toronto. Toronto ain’t for me. Give me space, please.
So, what is it that I’m looking to do instead? I was looking into writing the LSATs, and maybe going into law. After the frustration of not making enough money, I was looking into careers that would guarantee me a higher income. But that’s not where my passion lies. The truth is, I think that my passion may lie in a field that I swore I would never go into, since I’d be the third generation in the profession. But no matter where I go, or who I talk to, people tell me unequivocally that I give off a vibe that screams of this particular field.
I am looking into teacher’s college.
It’s not the most intelligent move, especially because it is nearly impossible to get hired ANYWHERE right now. The salary is not that great, and even if I perform extraordinarily well, I’ll make as much as the teacher in the same pay bracket who barely makes an effort.
But…I love teaching.
Time to build up capital. Even if I don’t decide to become a teacher, I will be getting out of my industry in the next 2 years, and I will be getting out of Toronto.
Operation Life Change has begun.