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.)
