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Poor Canadian Retiree - I would like your thoughts.

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I will be 65 mid 2027. I am not really retired but I am also deaf and have some other obstacles to employment so I guess I am retired now - under protest.

Rignt now my income does not cover my expenses.

I took CPP (canada pension plan) early, and together with two other private pensions right now I have $1,470/mo (all #'s in CAD)

Rent is 1120.

My car is paid for and worth 14k. ofc I have cell, internet, insurance,my utilities are covered.

I have a 10k TFSA (tax free savings account) - most in IBIT which is coming up again.
I have drawn $24,000 on my credit line which is growing.
I am going into debt to survive.
Thankfully I can juggle money this way and have lots of credit.

Quite surprisingly my credits core is 820 - go figure.

I own 2 BTC. Todays value $117,500 (volatility is high last few days reaching 120)
BTC does not pay interest - there are schemes but they dont make sense to me - I cant wrapmy brain around them.

I do need to supplement my income. I am living as lean as possible.

My plan is geographic arbitrage - move to south east asia where the cost of living is a third of what it is here.

When I get OAS next year I will have about $2100/mo CAD. (about 1,450 USD) If I stay in country I may get around 3-400 more in GIS-but its not worth staying just for that and besides I really need a change.

I'm hoping that BTC will recover its last ATH which was about 170k each. Then I might juggle some money - but capital gains come into play.

If I go abroad, I only need a modest supplement. I was thinking to sell 0.00333 of 1 BTC every month and DCA out. Thats a 25 year plan. Then simply live within my means.

The other BTC can sit for my Heirs. HODL

Lay it on me, any ideas - I'm all ears. Call me names if it makes you feel better-I likely deserve it too.

submitted by /u/Turbulent-Land-5664
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