Rob of Getting Canned

02/11/19 • 20 min

Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Rob is an experienced investor in his early 40’s that is looking to pursue financial independence. He has some entrepreneurial experience, real estate experience, loves world travel, food, and computers. After finishing up at his latest contract office job, he moved to Taiwan to pursue a life with more freedom. He blogs at gettingcanned.com

Welcome!

[:] Your blog gettingcanned.com was created as a result of you losing your job. Can you walk us through where you were in your life and how you felt when you got fired?

● Got a great performance review but ended up getting pushed out of his job after 4 years after the financial crisis
● Rob had recently found financial independence so it was a natural fit

[:] You’ve been working in Asia quite a bit lately, what has living there taught you about money specifically with regards to how money is handled differently to what you were used to in the United States?

● After wrapping up latest contract gig, rob packed up his two bags of luggage and went over
● So many things got cut out when he lived over to Asia
● One of the biggest things he got rid of was his car- it’s actually a very expensive asset to have.
● The geo-arbitrage is quite intense, it’s a lot cheaper overseas.

[:] How are you making ends meet? You mentioned in your email to use that you are freelancing?

● It’s been a long journey, Rob has 2 condos rented out in the US
● Background as a system analyst
● Teaching english is a nice thing to have in your pocket as well
● Hours are very different to a 40 hour work week

[:] I’m not going to lie, Asia is very very far away to the US- what ultimately made you decide to go to Asia and what were the steps you took to get there? Had you been there before?

● Original time going out was desperation
● Unemployed for 2 years -Rob was desperate to find work
● Chance encounter by meeting a random stranger at a party who has recently gone over
● Rob decided there weren’t many option for him at the moment so he asked a ton of questions and found out the requirements weren’t all that high

Value Link Round

[:] What is your saving or retirement plan?

● Saved up enough that the bare minimum needs are met
● Eventually get social security
● Lived a pretty frugal lifestyle in the US- but in Asia you can get by on much less. Living costs changed from over $2,000 a month to about $1,500 a month.

[:] Do you have any other books or podcasts you can recommend?

● ChooseFI
● The FI Show

[:] Favorite quote you like to live by?

● I’m rich not because of all my possessions but my lack of wants

[:] Parting piece of advice?

● Don’t spend more than you can afford, index funds are the way to go.

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Welcome!

[:] Your blog gettingcanned.com was created as a result of you losing your job. Can you walk us through where you were in your life and how you felt when you got fired?

● Got a great performance review but ended up getting pushed out of his job after 4 years after the financial crisis
● Rob had recently found financial independence so it was a natural fit

● After wrapping up latest contract gig, rob packed up his two bags of luggage and went over
● So many things got cut out when he lived over to Asia
● One of the biggest things he got rid of was his car- it’s actually a very expensive asset to have.
● The geo-arbitrage is quite intense, it’s a lot cheaper overseas.

[:] How are you making ends meet? You mentioned in your email to use that you are freelancing?

● It’s been a long journey, Rob has 2 condos rented out in the US
● Background as a system analyst
● Teaching english is a nice thing to have in your pocket as well
● Hours are very different to a 40 hour work week

[:] I’m not going to lie, Asia is very very far away to the US- what ultimately made you decide to go to Asia and what were the steps you took to get there? Had you been there before?

● Original time going out was desperation
● Unemployed for 2 years -Rob was desperate to find work
● Chance encounter by meeting a random stranger at a party who has recently gone over
● Rob decided there weren’t many option for him at the moment so he asked a ton of questions and found out the requirements weren’t all that high

Value Link Round

[:] What is your saving or retirement plan?

● Saved up enough that the bare minimum needs are met
● Eventually get social security
● Lived a pretty frugal lifestyle in the US- but in Asia you can get by on much less. Living costs changed from over $2,000 a month to about $1,500 a month.

[:] Do you have any other books or podcasts you can recommend?

● ChooseFI
● The FI Show

[:] Favorite quote you like to live by?

● I’m rich not because of all my possessions but my lack of wants

[:] Parting piece of advice?

● Don’t spend more than you can afford, index funds are the way to go.

Previous Episode

Shared Bank Accounts

A shared or joint account is beneficial to couples or partners. It's a very effective and helpful way to save toward your shared goals like buying a new house or planning that long vacation..or just spending it. Come and join us in this conversation!

[:] How we became comfortable opening a shared bank account
● Know the person you are sharing bank account with
● We've had so many financial conversations
● We have shared expenses

[:] We just want to stress this out
● If you are opening a bank account with somebody and gut is telling you NO? Don't do it!
● If you are feeling stress, anxious or just really uncomfortable, Don't open a shared account.

Next Episode

Payday Loans

Denis and Katie love watching documentary TV shows and lately they have been watching a TV show that features payday loans to people. You also maybe you are just curious as to what a payday loan is. We would like to share our experiences about it and how these loans work.

[:] Beware of the loan that you getting
● Katie was a victim of a student loan scam
● Be sure to do your research before you apply for any type of loans

[:] Takeaways to paying your loans
● Be wise. It's more important to have that emergency fund instead of getting that salary loan.
● If you are a single mom, know where you can cut back to pay your loans
● Get more side hustles