Back in November, I lived a theatre nerd’s dream: 6 shows, 8 nights in London, and stops at almost every major heritage/tourism site in the city.
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.
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?
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.
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.)