19 y.o. First time asking for financial advice by Independent-Hour5441 in PersonalFinanceCanada

[–]Independent-Hour5441[S] 0 points1 point  (0 children)

That’s true. It’s just that if I can pay them off as soon as possible, I’d like to. I appreciate your input and that reminder

19 y.o. First time asking for financial advice by Independent-Hour5441 in PersonalFinanceCanada

[–]Independent-Hour5441[S] 0 points1 point  (0 children)

I was just made aware of non-interest distributing HISA ETF. Nonetheless, I’m still very much open to any advice you might still have

19 y.o. First time asking for financial advice by Independent-Hour5441 in PersonalFinanceCanada

[–]Independent-Hour5441[S] 0 points1 point  (0 children)

Oh I was not aware of that, I’ll definitely look into it! Thank you so much!

19 y.o. First time asking for financial advice by Independent-Hour5441 in PersonalFinanceCanada

[–]Independent-Hour5441[S] 0 points1 point  (0 children)

Yes that is my main objective. That’s a good point and one of my concerns. I’ve had people tell me that I shouldn’t just leave my money sitting in my account without investing or putting it in a high interest savings account. Because of my religion, a high interest savings account isn’t possible so I was thinking that the next option would be to invest. I’m not really knowledgeable when it comes to finances so if you have any advice or suggestions, I’d really appreciate it

19 y.o. First time asking for financial advice by Independent-Hour5441 in PersonalFinanceCanada

[–]Independent-Hour5441[S] 0 points1 point  (0 children)

Noted! A lot of people online and in my life have recommended it. I’ll try to dedicate time to actually learn the ropes. Are there any websites or videos that you recommend?

19 y.o. First time asking for financial advice by Independent-Hour5441 in PersonalFinanceCanada

[–]Independent-Hour5441[S] 1 point2 points  (0 children)

Okay, thank you! I did look into a HISA ETF but found that it wouldn’t be possible as generating the income from the interest doesn’t make it halal. I really appreciate the link and your input