Introducing Sheryl

This is a guest post from Sheryl (a.k.a Cdn Gwen) in Ontario, who is 39 years old with a grown daughter, and is trying to rebuild her retirement dream just 20 years too late for early retirement.

Allow me to introduce myself, my name is Gwen and although I love the concept of retiring early: I’m starting about 20 years too late. I’m now 39 years old, don’t play the lottery, and have no wealthy people about to pass their fortunes to me, so my “early” retirement will be before I’m 60.

After several years being in a dysfunctional marriage that ended in divorce, I’m now working towards the life I feel I is my true path, and I feel that I am at the best part of life life to date, except financially.  The end result is that the last 20 years has left me with a negative net worth (any assets from the marriage were consumed by lawyers, and a few other bad decisions).

When I signed the mortgage in February for my residence, that was a real awakening.  Do I really still want to have a mortgage when I’m over 70 years old?  That terrifies me, and I know I am the only one who can change that.

Now, by educating myself by reading books and blogs such as this one, my goal is make my future different.  I am currently not married, but am in a committed relationship with a man who shares my views on money (although we do not combine our money).  I also have a child on the edge of adulthood.  That being said, until anything changes in my personal life, I will be doing this on a single income.
Over the next several years, I plan on getting out of debt, increasing my net worth, and generally steering my life towards the future I want.  I know there will be bumps along the road (for example my residence is a condo in a 25 year old building that still has all the original appliances), and I hope that by sharing my story, I can encourage others to change their lives as well regardless of their age.

6 thoughts on “Introducing Sheryl”

  1. Looking forward to reading your future posts Sheryl. I’m in a similar boat and trying to get my life and finances back on track in my mid-40’s. There will be no early retirement for me, but reading about people who retire early gives me hope that I can turn things around in the next 20 years. Good luck.

  2. You can do it Sheryl ! Separated at age 36 with a 6 year old child. Started from scratch again, and now have a net worth of $1.5M. I’m 43 now and plan to retire at 55. No, I don’t get child support or spousal, etc… Just good old fashion hard work and good saving/survival skills. My tip: Don’t let the emotions get in the way of logical thinking, to justify certain choices in life.

  3. I’m sure we will get great input from you! 46, in a slightly dysfunctionnal relationship and looking to retire in 6 years.

  4. I retired this year at 53 and I consider that early retirement by today’s standards in the US. Your journey, as Lyne appropriately put it, might be made more interesting and fun by adding to this blog.

    Good to have you on board!

  5. Thank you to all for your warm welcome!! I’m looking forward to being a part of this community!!

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