Im 34 yrs old, underpaid, underemployed and have been looking for some time for something better.
I have two degrees, one in Political Science (I know kinda useless) and a degree in Law (Quebec Civil Law).
For my law school I live in Quebec city for 4 yrs and I racked up about 60k in debt.
I have paid close to 20k back.
I am trying to cut costs wherever possible, my car (2004 Mazda 3 paid for long ago) is rarely used since I use public transportation, I no longer eat out for lunch, I stopped bying over priced coffee and make my own at home. I have not been on a vacation since 2007, cancelled my gym mebership and use the gym at work (15$ a month).
I put 1000 dollars a month to my student line of credit (40% of my net salary)
I put 300$ a month into modest investing (tax free savings account based Mutual Funds and RRSP mutual fund).
My girlfriend, A professional Ballerina earns about 50k and has started a side business that she hopes to start growing before she retires from dance in 3-5 yrs. We are thinking of tying the knot.
Aside from getting a higher paying job (currently making 43,000 gross in the highest tax jurisdiction in North America), what else can I do to get rid of crippling debt and start investing towards a reasonable retirement?
Thank you in advance