Bonds are boring and safe. Boring and safe can be good.
I’m pretty freaking lucky to be part of defined benefit pension plan, one of those things that used to exist much more broadly 30 years ago.
Continue reading “Even though I have a pension, I still buy bonds.”
How my wealth has grown by saving over 50% of my income and investing the rest.
Since finishing my second degree in 2015, I’ve made some pretty decent strides in terms of my net worth. So right now: that’s a $110,000 net worth, excluding pension contributions and tangible assets that I own, like my car – basically, whatever I can access at the bank.
Earlier in the year at 27, I was pretty shocked to see that I had cracked the six figure savings mark so fast. So how did I get here?
The average Canadian pays close to $200 in bank fees a year. Don’t do that.
Nothing makes me happier than avoiding a bank fee. I know, super weird right?
(And why I want to retire early).
When I started my new job, I got a pension letter that read:
“Congratulations, you are eligible to retire in 2054.”
I looked that number.
“2054?” I’d have to wait 37 years to drop the mic and walk away from work? (More like amble, because I’d be old.)
