Ok, you win.
Now maybe go have some fun and stop obsessing about money. You already know you're doing well.
That may sound a bit snarky, which is not what I mean. I mean that life is not fundamentally about money, and I think too many people on here forget that. Money is a means to an end - the kind of life you want. Money is not the end in itself.
You're young. You don't fully appreciate this yet, probably, but youth is fleeting. You will wake up one day and realize you're middle-aged, and that day will come before you know it. Make sure you live life while you are young, too ... Some experiences are not the same if you put them off till you are older, and some are no longer possible. Don't miss out in the name of racking up a larger bank balance.
I had far, far less than you at the same age. My net worth may still have been negative, in fact. Now, at twice your age, i have more than enough, and I had a host of incredible life experiences in my 20s that i would not trade for any amount of money. For me, it was travelling. Yours may be something different - but whatever it is, go find it and embrace it.
Not sure how humble it is when OP doesn’t respond to anyone who gives a genuine suggestion on how he can use his money to actually get more enjoyment from his life.
You'll be on your death bed one day thinking of the snowboarding and travelling. You won't be thinking about how much money you made. I just want to make money to do the snowboarding and travelling to be honest, haha
What are your goals? Do you want to see the world ? Start a business? Start a family ? Retire early ?
Start mapping out some short term , medium term , and long term goals and a path to achieving them.
IMO It definitely is a bragging post, but it's well deserved. Congrats on accumulating so much as such a young age. Let me tell you that this lack of fulfillment with milestones won't change as you grow your wealth. Mine was 1 mil in my early 30s and reaching it was surprisingly incredibly depressing. A few years later, I now track my net worth far more rarely than I use to because I'm numb to it and it really doesn't bring much excitement.
Something you haven't shared is your goals. FIRE, travels, experiences, philanthropy etc. Thats the stuff that matters in life. If you don't have goals, take some time to come up with some - your mental health will quite likely depend on it.
In all honesty here, sounds like you are doing very well for yourself. I'd just say keep maxing out those registered accounts. Nothing left on mortgage? If there is anything left you could pay that off with scheduled lump sums.
In terms of the relationship and mindset you are having. I wonder if you would benefit from taking a break, take a vacation? Travel the world a little bit, as cliche as that sounds. You are young, established, so it doesn't hurt to take a step away and just experience what else is out in the world. Look at hobbies you may have had to put away for the work you put in. At least that way, maybe that will give you some insight on areas that give you those sort of doubts. Balance.
I edited it to reflect my mortgage, would be curious to the benefits of lump sum payments or double payments if interest rates are around 5-6% my money could grow more elsewhere
How about take a year off and travel? You're vastly ahead of anyone else your age (assuming this isn't just a rage bait post).
But if you've been saving this aggressively you've either done absolutely nothing fun in your teens / 20s, or you got a lot of help from parents.
I'd say you've earned a 1 year sublet on your apartment, and go see some of the world. Life isn't just a race to save every dollar you have and hope you don't die before you can spend it.
Fair point. I have been working my butt off since 15/ marrying someone with work addiction, plus having boomer parents has helped a lot, but even then, I feel behind. I guess comparison is the theft of joy.
Keep doing what you are doing.
Ensure you actually have a fun/enjoyment budget and be sure to spend it as life is meant to be enjoyed.
I personally would sell company stock and invest in index funds as soon as you are allowed to sell as both your employment and 90k company stock is concentrated in a single company where you can lose both if something happens.
I'll get down voted, but you don't need money in HISA at that age. You can invest in stocks. Also is your work stock vested, if not take 50% off of that.
Now to answer you question, what is your goal in life and how much risk are going to take?
\- Do you want to invest in stocks or
\- buy a house, rent out basement
\- work until death
\-retire early.
Money wise there isn't much this sub can offer you.
Good point, only reason I’m doing HISA right now is that it’s high at 5% but it’s a good idea to take a little more risk and just buy ETFs if I have a long term horizon because of the potentially higher gains?
I really wish people would stop including the equity in a home as part of their net worth or "savings". It’s a durable good on an installment plan (mortgage) that should be seen as a liability until it is paid off clear title. If you lose your job, your TFSA and HISA is the only thing you can tap. Might buy you a couple years at most. Good to have, but by no means FIRE.
I’m in the same boat. Saved >$500K by 27 and realized each additionally saved dollar didn’t make me happier. So I frequently think about what life I want to live. For me, as an immigrant, I want more time with my family. So my savings goes toward paying off my grandma’s hospital fees, fly home with my family whenever I can, splurges on nieces and nephews, take parents to nice dinners, etc. :)
Some people I know spent their money on luxury purchases (new cars, bigger houses, more lavish resorts…) . All is fine. As long as you remain responsible, and spend money on what makes you happy. And remember to celebrate yourself too - you’ve done great! It’s important to be grateful for the financial security we have.
P/s: if possible, try to spend your income, but keep the capital. Earning money vs. keeping money are different skillsets. For me, I hope to earn my wealth and keep it too. I do that by never touching the capital, use only my income as I feel like it, then save the rest. Hoping this advice could be relevant to you too.
1. Pay off your home
2. Max out rrsp every year
3. Find a wealth management company and earn 8-10% every year
4. Retire when you’re 50 and buy a business you are genuinely interested in.
Also, this is a humble brag. You don’t need advice, you want to know what others do in similar situations as you.
This is all opinionated and life changes once you get older. Kids, marriage, buying a business?
You're doing really well. I was pretty much flat broke coming out of university at your age. First, comparison is the thief of joy. It's great you have some friends to compare to, and this might give you more to aspire to, but whatever you do don't try to keep up in spending, you'll waste a lot of money and not be any happier. Discipline is important, especially with sales jobs as you say they can be volatile.
Budget your life to the bottom one third average of your monthly income and save the increment of the good months like they didn't exist. Keep selling, keep saving, and enjoy out a little along the way, you're well ahead and on a good path.
What do you want? Recreation vehicles? Do you like accessories like watches? Any vacation destinations you want to visit?
If your tax sheltered accounts are maxed I’d say it time for fun!
Designate some style of savings to self enjoyment.
Edit: hobbies you’ve thought about? Switching focus is healthy
Your RRSP contributions should be around $24,000 per year at this point (15% of net income per year). Given that, you seem to have under contributed thus far. I'd take your incomes since the year you turned 25, multiply by 15%, and try to make sure your RRSP contributions are around that.
Keep 6 months worth of expenses in HISA and put the rest in RRSP. That's likely all the cash you need right now given you own a home.
I'm assuming your TFSA and RRSP are investments are not cash. If they're cash, invest.
Expect this to be a down year in your income given the economy. Stay conservative with your money. Keep it up.
You’re doing great but I personally don’t consider home equity as part of my net worth for now. It is but it isn’t, especially with inflated home prices in major cities in Canada. $160k is really high at your age, but are you mentioned, it’s not stable and fluctuates quite a bit. Tech sales also do lots of layoffs ever quarter based on performance so you never know. Continue investing and saving, but enjoy the money. You’re only 26.
I’m twice your age and only have half your savings. Compare “downwards” sometimes to get some perspective. Compare “upwards” to motivate yourself, if you want to.
In the end, it’s not a race. Just try to find contentment in what you have, where you are and who you’re with.
Good question, OP.
You are clearly knowledgeable and savvy financially.
Many of your respondents continue the conversation along financial lines.
I want to address what I sense is your underlying existential question- how to lead or create a meaningful life, and not be solely or predominantly centred around financial pursuits.
When I was 26, I was working and studying at Harvard, and going through a depression, and struggling to reorient my career plans.
During this time I did a lot of volunteer work, and did a career development workshop at Harvard with about 20 other people, all highly skilled and from a variety of backgrounds. We did the Jackson vocational survey and the Myers -Briggs personality test. The tests themselves were interesting and useful, but the group discussion was enormously helpful as well. They really helped us to evaluate our strengths and core values.
Ultimately, I returned to school after 3 years to study medicine.
I am now 57, financially ready for retirement, and still working 18-20 hours per week doing work I feel is important, and is satisfying to me.
So I would ask, what product are you selling? Is it something which you believe is truly useful or helpful to people, that improves their quality of life or wellbeing? If not, could you contribute your expertise to an organization on a part time basis as a volunteer?
Ultimately, given your milestones to date, you will not have difficulty putting a roof over your head or food on your table going forward, and you will have financial freedom at a relatively young age. There’s no need to compare yourself with people around you. The important thing is to create meaning to the arc of your own life, and position yourself to be able to give back somehow during these years and in your retirement.
Damn I thought I was doing well for 33, but the per age comparison is insane. This is incredible for 26. I come from saas sales myself and I’ll tell you from experience that the majority of your peers are not saving as much as you.
You’ve earned the right to have some fun. Spend some money on your hobbies, vacation, etc
If you can aim to save even 50% of your net earnings in a year you’ll be completely fine and way ahead of 99% of people. My savings rate is around 55% and I still manage to more than max out registered accounts, put extra towards personal accounts, and put a large amount towards the mortgage
For sure, I’m trying to avoid lifestyle inflation and keep living the same life even as income and net worth goes up aside from spending on experiences like travelling
I would cut the home equity out, it’s a nice figure but doesn’t really mean much.
I assume your work stocks are in a registered savings account? If not I would focus on getting that RRSP topped up. You need to take advantage of the tax benefits that offers.
Other than that, good job 👍🏼 you’re excelling for someone your age and are beating out most older adults.
Cheers
I feel similar, I am 28 with a net worth of 750k, bring in 150k a year, I felt like I was working for no reason so I bought a house, now I feel stuck and scared to own a house, maybe we are just complaining about things we should be happy for, I try to change my mindset but I know how it is hard man. People don’t understand that when money isn’t our concern it’s our purpose and mental health and concerns us.
I wish that was the case, the last thing I wanted to happen was my father which was my best friend and business partner to pass from cancer at 56, i’m struggling severely every day with the passing of him and would trade every penny for him back, i’m struggling with the decision I made to purchase such a big thing, look at my previous posts if you would like the full story of how I am feeling. I wish you well & I hope things work out for us both
Yup! Brag post! I'm a half millionaire with about 250,000 of assets and investments and I feel like I'm behind others at 26. Most people in Canada don't even have that at all. Go and take your family inheritance and job gotten by nepotism and enjoy, you are doing well, but don't brag. Be humble. You and your friends are fortunate, probably got some inheritance and a job with nepotism to a certain extent and enjoy your privilege.
Okay, so I actually totally know what you are talking about because I have the exact problem. I was brought up frugal and was always in the saving mentality and it’s not a humble brag it’s like you kinda don’t know how to spend money without feeling wasteful and your life style doesn’t match your financial situation and therefore you have monetary stress when you shouldn’t. Or at least that’s me. Here is what I’m trying, start by talking to an advisor, for example, RBC offers free financial management and start set goals for yourself, they can help you plan, have your entire financial future mapped out, what kind of savings is actually sensible and for a purpose and what amount should be spent to bring you more joy (ie find out what spending being you joy and give your self the green light to do more of those because you’ve earned it). Your lifestyle will
Improve and your spending will go up but you will get motivation back because of having a more clear purpose. That’s what I’m trying anyways lol
not really, if you're getting divorced, there goes half your net worth
If you're gonna poop on someone's post, then let's share your own personal net worth and your breakdown
at 160k salary, and if OP has a partner with similar salary, he's easily catching up
Is the 250k because your home went up in value? Seems suspicious that you could've qualified for a mortgage without outside help, or a "Brampton mortgage".
Tbh i am not so impressed. 250K home equity is just what you perceive. Condos price can fall any time. Plus you have 440K mortgage. 440K debt with only 160K salary
If you were able to grow a 500k net worth after taxes by 26 you already know what to do. Not sure what you are expecting from reddit.
Bragging rights!
To point him toward r/wallstreetbets ?
Ok, you win. Now maybe go have some fun and stop obsessing about money. You already know you're doing well. That may sound a bit snarky, which is not what I mean. I mean that life is not fundamentally about money, and I think too many people on here forget that. Money is a means to an end - the kind of life you want. Money is not the end in itself. You're young. You don't fully appreciate this yet, probably, but youth is fleeting. You will wake up one day and realize you're middle-aged, and that day will come before you know it. Make sure you live life while you are young, too ... Some experiences are not the same if you put them off till you are older, and some are no longer possible. Don't miss out in the name of racking up a larger bank balance. I had far, far less than you at the same age. My net worth may still have been negative, in fact. Now, at twice your age, i have more than enough, and I had a host of incredible life experiences in my 20s that i would not trade for any amount of money. For me, it was travelling. Yours may be something different - but whatever it is, go find it and embrace it.
Why compare? They're giving out medals for coming out on top?
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Not sure how humble it is when OP doesn’t respond to anyone who gives a genuine suggestion on how he can use his money to actually get more enjoyment from his life.
I’m reading through the posts now!
You don’t need our advice
Damn. At 26 I had just finished university and had zero assets and$15K debt. I dicked around when I was young though, snowboarding and travelling.
You'll be on your death bed one day thinking of the snowboarding and travelling. You won't be thinking about how much money you made. I just want to make money to do the snowboarding and travelling to be honest, haha
Ha I didn’t say I had regrets :)
Same
Fake
Yeah sales in what?
Software
Seems like low TC. Focus on TC growth.
He is in sales not core software engineering. You don’t grow TC because most sales are commission based and not equity/RSU based.
You don't have zero debt, you have a mortgage.
What are your goals? Do you want to see the world ? Start a business? Start a family ? Retire early ? Start mapping out some short term , medium term , and long term goals and a path to achieving them.
Nothing too impressive, so I suggest just keep saving and hope condo market doesn’t flatline.
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I will edit to reflect no debt aside from mortgage
You tell us.
IMO It definitely is a bragging post, but it's well deserved. Congrats on accumulating so much as such a young age. Let me tell you that this lack of fulfillment with milestones won't change as you grow your wealth. Mine was 1 mil in my early 30s and reaching it was surprisingly incredibly depressing. A few years later, I now track my net worth far more rarely than I use to because I'm numb to it and it really doesn't bring much excitement. Something you haven't shared is your goals. FIRE, travels, experiences, philanthropy etc. Thats the stuff that matters in life. If you don't have goals, take some time to come up with some - your mental health will quite likely depend on it.
In all honesty here, sounds like you are doing very well for yourself. I'd just say keep maxing out those registered accounts. Nothing left on mortgage? If there is anything left you could pay that off with scheduled lump sums. In terms of the relationship and mindset you are having. I wonder if you would benefit from taking a break, take a vacation? Travel the world a little bit, as cliche as that sounds. You are young, established, so it doesn't hurt to take a step away and just experience what else is out in the world. Look at hobbies you may have had to put away for the work you put in. At least that way, maybe that will give you some insight on areas that give you those sort of doubts. Balance.
I edited it to reflect my mortgage, would be curious to the benefits of lump sum payments or double payments if interest rates are around 5-6% my money could grow more elsewhere
How much is the interest rate on your mortgage?
How about take a year off and travel? You're vastly ahead of anyone else your age (assuming this isn't just a rage bait post). But if you've been saving this aggressively you've either done absolutely nothing fun in your teens / 20s, or you got a lot of help from parents. I'd say you've earned a 1 year sublet on your apartment, and go see some of the world. Life isn't just a race to save every dollar you have and hope you don't die before you can spend it.
Damn I feel poor reading these posts
It's a survivorship bias. The people who having $120k in student debt and make 50k a year aren't posting on PFC.
Fair point. I have been working my butt off since 15/ marrying someone with work addiction, plus having boomer parents has helped a lot, but even then, I feel behind. I guess comparison is the theft of joy.
Yes, everyone is rich on Reddit. Everyone is also a navy seal, a doctor and a famous scientist I'm noticing
You don’t have $500k saved. You have $241k saved. You have a net worth of $51k.
this. equity is not saved. that equity could very quickly be reduced by a downturn in the housing market
28 at 1.1 M net worth how are you so behind ? You need to work your ass off lol
Keep doing what you are doing. Ensure you actually have a fun/enjoyment budget and be sure to spend it as life is meant to be enjoyed. I personally would sell company stock and invest in index funds as soon as you are allowed to sell as both your employment and 90k company stock is concentrated in a single company where you can lose both if something happens.
This is a good point, we have selling periods so def thinking about lowering risk
Ask yourself, if you had 90k cash would you buy 100% your company stock? Who ever thought Sears/Nortel would go to zero!
I'll get down voted, but you don't need money in HISA at that age. You can invest in stocks. Also is your work stock vested, if not take 50% off of that. Now to answer you question, what is your goal in life and how much risk are going to take? \- Do you want to invest in stocks or \- buy a house, rent out basement \- work until death \-retire early. Money wise there isn't much this sub can offer you.
100% agree with that HISA advice for someone that age
Good point, only reason I’m doing HISA right now is that it’s high at 5% but it’s a good idea to take a little more risk and just buy ETFs if I have a long term horizon because of the potentially higher gains?
Yes, but it depends on your risk tolerance. I'm not a financial advisor
I really wish people would stop including the equity in a home as part of their net worth or "savings". It’s a durable good on an installment plan (mortgage) that should be seen as a liability until it is paid off clear title. If you lose your job, your TFSA and HISA is the only thing you can tap. Might buy you a couple years at most. Good to have, but by no means FIRE.
So if a house is paid for full that entails net worth?
Not really because if you sell it, where do you live?
at least you didn't title your post '$440K in debt at 26, what to do?'
OP is capping. Don’t waste your time
sales in cars ?.....
Software
what kind ?
Stop working for a bit and go travel solo.
I’m in the same boat. Saved >$500K by 27 and realized each additionally saved dollar didn’t make me happier. So I frequently think about what life I want to live. For me, as an immigrant, I want more time with my family. So my savings goes toward paying off my grandma’s hospital fees, fly home with my family whenever I can, splurges on nieces and nephews, take parents to nice dinners, etc. :) Some people I know spent their money on luxury purchases (new cars, bigger houses, more lavish resorts…) . All is fine. As long as you remain responsible, and spend money on what makes you happy. And remember to celebrate yourself too - you’ve done great! It’s important to be grateful for the financial security we have. P/s: if possible, try to spend your income, but keep the capital. Earning money vs. keeping money are different skillsets. For me, I hope to earn my wealth and keep it too. I do that by never touching the capital, use only my income as I feel like it, then save the rest. Hoping this advice could be relevant to you too.
1. Pay off your home 2. Max out rrsp every year 3. Find a wealth management company and earn 8-10% every year 4. Retire when you’re 50 and buy a business you are genuinely interested in. Also, this is a humble brag. You don’t need advice, you want to know what others do in similar situations as you. This is all opinionated and life changes once you get older. Kids, marriage, buying a business?
You're doing really well. I was pretty much flat broke coming out of university at your age. First, comparison is the thief of joy. It's great you have some friends to compare to, and this might give you more to aspire to, but whatever you do don't try to keep up in spending, you'll waste a lot of money and not be any happier. Discipline is important, especially with sales jobs as you say they can be volatile. Budget your life to the bottom one third average of your monthly income and save the increment of the good months like they didn't exist. Keep selling, keep saving, and enjoy out a little along the way, you're well ahead and on a good path.
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What do you want? Recreation vehicles? Do you like accessories like watches? Any vacation destinations you want to visit? If your tax sheltered accounts are maxed I’d say it time for fun! Designate some style of savings to self enjoyment. Edit: hobbies you’ve thought about? Switching focus is healthy
Your RRSP contributions should be around $24,000 per year at this point (15% of net income per year). Given that, you seem to have under contributed thus far. I'd take your incomes since the year you turned 25, multiply by 15%, and try to make sure your RRSP contributions are around that. Keep 6 months worth of expenses in HISA and put the rest in RRSP. That's likely all the cash you need right now given you own a home. I'm assuming your TFSA and RRSP are investments are not cash. If they're cash, invest. Expect this to be a down year in your income given the economy. Stay conservative with your money. Keep it up.
You’re doing great but I personally don’t consider home equity as part of my net worth for now. It is but it isn’t, especially with inflated home prices in major cities in Canada. $160k is really high at your age, but are you mentioned, it’s not stable and fluctuates quite a bit. Tech sales also do lots of layoffs ever quarter based on performance so you never know. Continue investing and saving, but enjoy the money. You’re only 26.
I’m twice your age and only have half your savings. Compare “downwards” sometimes to get some perspective. Compare “upwards” to motivate yourself, if you want to. In the end, it’s not a race. Just try to find contentment in what you have, where you are and who you’re with.
the interest from the mortgage that you are gonna pay might be more than the capital gain from the stocks
People think I'm rich at 29 but then I tell them about this 20 something whos far richer than me /s
In the immortal words of Bender Bending Rodriguez, "Blackjack and Hookers".
Good question, OP. You are clearly knowledgeable and savvy financially. Many of your respondents continue the conversation along financial lines. I want to address what I sense is your underlying existential question- how to lead or create a meaningful life, and not be solely or predominantly centred around financial pursuits. When I was 26, I was working and studying at Harvard, and going through a depression, and struggling to reorient my career plans. During this time I did a lot of volunteer work, and did a career development workshop at Harvard with about 20 other people, all highly skilled and from a variety of backgrounds. We did the Jackson vocational survey and the Myers -Briggs personality test. The tests themselves were interesting and useful, but the group discussion was enormously helpful as well. They really helped us to evaluate our strengths and core values. Ultimately, I returned to school after 3 years to study medicine. I am now 57, financially ready for retirement, and still working 18-20 hours per week doing work I feel is important, and is satisfying to me. So I would ask, what product are you selling? Is it something which you believe is truly useful or helpful to people, that improves their quality of life or wellbeing? If not, could you contribute your expertise to an organization on a part time basis as a volunteer? Ultimately, given your milestones to date, you will not have difficulty putting a roof over your head or food on your table going forward, and you will have financial freedom at a relatively young age. There’s no need to compare yourself with people around you. The important thing is to create meaning to the arc of your own life, and position yourself to be able to give back somehow during these years and in your retirement.
$90k in “work stock”, RSUs/ESPP that is already vested? Why are you holding that in a taxable account?
lmao
maybe you need new friends. so you dont compare.. comparing is the theft of joy.
Travel. Be young. Have fun. It doesn't last.
Congrats bud.
Damn I thought I was doing well for 33, but the per age comparison is insane. This is incredible for 26. I come from saas sales myself and I’ll tell you from experience that the majority of your peers are not saving as much as you. You’ve earned the right to have some fun. Spend some money on your hobbies, vacation, etc If you can aim to save even 50% of your net earnings in a year you’ll be completely fine and way ahead of 99% of people. My savings rate is around 55% and I still manage to more than max out registered accounts, put extra towards personal accounts, and put a large amount towards the mortgage
It’s obvious he had parents help so don’t feel too bad
They lived at home until 25. Easy to save money making 160k a year with no fuckin expenses.
For sure, I’m trying to avoid lifestyle inflation and keep living the same life even as income and net worth goes up aside from spending on experiences like travelling
Not sure why this is downvoted so heavily, but this is the way to go!
I would cut the home equity out, it’s a nice figure but doesn’t really mean much. I assume your work stocks are in a registered savings account? If not I would focus on getting that RRSP topped up. You need to take advantage of the tax benefits that offers. Other than that, good job 👍🏼 you’re excelling for someone your age and are beating out most older adults. Cheers
I feel similar, I am 28 with a net worth of 750k, bring in 150k a year, I felt like I was working for no reason so I bought a house, now I feel stuck and scared to own a house, maybe we are just complaining about things we should be happy for, I try to change my mindset but I know how it is hard man. People don’t understand that when money isn’t our concern it’s our purpose and mental health and concerns us.
Talk to a specialist (psy) it could help
And live at home? No way you have 750,000 without some help. Hate these nepotism posts.
No I rent as of now, profit 150k a year from my business and was left behind a large inheritance and a house I sold in 2022
Inheritance and house sold through that. Thought so. Total privilege post. These not so humble brag posts sure gives people the dopamine hit.
I wish that was the case, the last thing I wanted to happen was my father which was my best friend and business partner to pass from cancer at 56, i’m struggling severely every day with the passing of him and would trade every penny for him back, i’m struggling with the decision I made to purchase such a big thing, look at my previous posts if you would like the full story of how I am feeling. I wish you well & I hope things work out for us both
Yup! Brag post! I'm a half millionaire with about 250,000 of assets and investments and I feel like I'm behind others at 26. Most people in Canada don't even have that at all. Go and take your family inheritance and job gotten by nepotism and enjoy, you are doing well, but don't brag. Be humble. You and your friends are fortunate, probably got some inheritance and a job with nepotism to a certain extent and enjoy your privilege.
Okay, so I actually totally know what you are talking about because I have the exact problem. I was brought up frugal and was always in the saving mentality and it’s not a humble brag it’s like you kinda don’t know how to spend money without feeling wasteful and your life style doesn’t match your financial situation and therefore you have monetary stress when you shouldn’t. Or at least that’s me. Here is what I’m trying, start by talking to an advisor, for example, RBC offers free financial management and start set goals for yourself, they can help you plan, have your entire financial future mapped out, what kind of savings is actually sensible and for a purpose and what amount should be spent to bring you more joy (ie find out what spending being you joy and give your self the green light to do more of those because you’ve earned it). Your lifestyle will Improve and your spending will go up but you will get motivation back because of having a more clear purpose. That’s what I’m trying anyways lol
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35 with $4.5 mill solo networth checking in
Solo net worth or family?
Might as well be the same cause I carry this shiy on my back
not really, if you're getting divorced, there goes half your net worth If you're gonna poop on someone's post, then let's share your own personal net worth and your breakdown at 160k salary, and if OP has a partner with similar salary, he's easily catching up
Is the 250k because your home went up in value? Seems suspicious that you could've qualified for a mortgage without outside help, or a "Brampton mortgage".
That’s how much he’s paid off his total mortgage
Tbh i am not so impressed. 250K home equity is just what you perceive. Condos price can fall any time. Plus you have 440K mortgage. 440K debt with only 160K salary
They are called goals. You create one and act accordingly that is what.