Hi,

I want to retire early and possibly live abroad in the next 10-12 years

I've been terrible with money and recently been making changes such as tracking my spending and saving etc.

I have around 20k saved and 18k in student loans, 15 of which have no interest on them due to new government changes so I'm paying interest on 3000k. The savings was more for an emergency fund and personally I feel more comfortable having around 50k in cash minimum for rainy days before investing as I want that money to be locked in long term.

Its going to be a new year and with that with hard work I think I can manage to spare around 4000-5000 in savings minimum per month. There are a few options I've considered.

Contributing less to my emergency savings but at the same time invest in my TFSA mostly index funds that have a brought basket of securities to hold for a long period of time.

Quickly save the 50k and start investing in the TFSA afterwards -> After TFSA is maxed invest in RRSP.

I personally want to save up as much as possible and eventually relocated abroad, somewhere warmer and work remotely and I think I can do it in the next 10 years.

What would you do if you were me?

TFSA is a tax free savings account there is a maximum contribution limit and I want to reach that, it can grow tax free for Canadians, RRSP is a 401K equivalent

Thanks,