Got plans for retirement? Don’t wait till 65.

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My girlfriend’s parents are lovely people. They did everything right. They worked hard, raised a wonderful family, and saved and invested diligently. They met all of their financial goals, having saved enough to retire, send their kids off to their own lives, and travel the world.

Then the worst news imaginable happened.

Continue reading “Got plans for retirement? Don’t wait till 65.”

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June 2017: Financial Update

Summer and a three pay check month.

Summer is officially here and June means it’s a three pay check month – not that I’m spending any more than I need to.

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Blue Whale Exhibition at the ROM. Got free tickets from EQ Bank!

In fact, even though in a three pay check month I technically saved over 66% 69.55% of my income (this number has been revised to include pension deductions at reader advice), I’m still not doing as well as I’d hoped, overspending to $2,135.41 for the month. What did that look like?

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Even though I have a pension, I still buy bonds.

Bonds are boring and safe. Boring and safe can be good.

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The boring but essential investment.

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.”

My Six-figure Net Worth by 27.

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?

Net worth
Net worth as of January 1 of each year. I surpassed $100K in early 2017.

Continue reading “My Six-figure Net Worth by 27.”

How do the rich actually get richer?

(And why I want to retire early).

2054

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.)

Continue reading “How do the rich actually get richer?”