What started as a series of vacations to escape the grey of winter has turned into a second chapter for a pair of 50-something Canadian entrepreneurs, real estate developer Cameron Watt and financier Stuart McPherson.
As the two Vancouverites approached retirement, they wondered if their golden years could look differently than puttering around the house and catching up on the books they were too busy to read during their busy careers.
What if it could be a second chapter they alone would write?
“We actually made the decision spontaneously during a vacation down here six years ago," says Watt. “We had always talked about starting a business together and the natural beauty of Los Cabos inspired us."
First, the friends located and secured an incredibly picturesque and completely undeveloped 25 acres of land, tucked in the desert mountains outside San José del Cabo. Then, they filled it with their dreams — namely, a restaurant and lodge, Acre BajaOpens a new window in your browser...
As for advice to other Canadians pondering a more active, tropical retirement, Watt says that depends on how flexible you can be.
“I guess it really depends on your personality and your ability to go with the flow," says Watt. “I'd also only suggest it if you have a strong entrepreneurial spirit!"
As Watts and McPherson prove, life can also be thought of in stages. Planning and saving during early stages can open endless doors down the road. Some simply save for a life of leisure in a land with a lower cost of living. Others crave the challenge of starting a new project to nurture and grow, creating not only an additional source of income for the immediate, but a potential inheritance and opportunity for robust transfer of wealth to the next generation. Regardless of the end game, when planned for properly, retirement can open the door to a new kind of freedom.
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