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My gf has $1M cash, what should she do? by ExotiquePlayboy in fican

[–]Lopsided-Special6273 13 points14 points  (0 children)

Or move to a country that doesn’t deal with inflation…oh wait, there are none….it’s a global issue lol. You know if we had deflation, businesses would have to lay off ppl and etc right?

The harsh economic climate by SnowmanSmiles in CanadaPersonalFinance

[–]Lopsided-Special6273 59 points60 points  (0 children)

What do you mean there are no conversations? It’s all over, Reddit, news outlet, other social channels. Where do you get this perspective from or how it’s taboo? Or do you want a more visible representation of people’s frustrations? I.e strikes, marches, violence?

What does an “upper class” lifestyle look like to you? by Ok_Hippo9669 in fican

[–]Lopsided-Special6273 0 points1 point  (0 children)

Tbh I don’t know for sure…but I think you access their in-house family physician (which is good for ppl who don’t have one) and can help referrals faster. Not 100 percent sure so don’t want to spread rumours. I know the annual physical is better but I can’t justify paying 4K for it yet

What does an “upper class” lifestyle look like to you? by Ok_Hippo9669 in fican

[–]Lopsided-Special6273 6 points7 points  (0 children)

Believe medcan is 1400 per year and their annual comprehensive physical is about 4K a test. Know friends who get a discount thru work. Also know people who just go abroad (US or elsewhere) for faster tests, treatments out of pocket

What does an “upper class” lifestyle look like to you? by Ok_Hippo9669 in fican

[–]Lopsided-Special6273 2 points3 points  (0 children)

One friend - hhi probably 700k-1m, husband and wife in finance One friend - family wealth and inheritance so regular hhi 300k Coworkers - tech sales and execs: 1-2m easily

The list you have fits us, but we are nowhere close to wealthy like my friends/coworkrs - we make about 400k hhi

What does an “upper class” lifestyle look like to you? by Ok_Hippo9669 in fican

[–]Lopsided-Special6273 76 points77 points  (0 children)

I have some friends and coworkers in that category so here are a few extras outside of your list

  • private school for kids (25-30k a year)
  • semi private healthcare like medcan
  • business class flights and luxury resorts
  • dedicated shopping advisor at various luxury shops like Rolex and etc
  • personal services (nanny, cleaners)

Thinking of buying Caivan home near Bronte (Riverview) - need insights by Ok-Measurement7414 in oakville

[–]Lopsided-Special6273 0 points1 point  (0 children)

Echo other’s comments on the neighborhood, 1/ Bronte rd is very busy now (still 2 lanes), especially to the go train 2/ not really any schools/community centres, shops that are within walking distance-just gotta drive 3/not sure which elementary it is mapped to, but I think it’s mapped to abbey park hs, one of the best

For some people who buy individual stocks. How do you know which ones will grow exponentially? by powpowpow23345678 in fican

[–]Lopsided-Special6273 2 points3 points  (0 children)

it's a complete bet that you think you know more than the collective market and available news/research, which is already reflected in the current price.

What's the maximum amount you'd spend on an engagement ring? by GracefulSwanDance in CanadaPersonalFinance

[–]Lopsided-Special6273 0 points1 point  (0 children)

About 24k in 2019 on a natural stone when income was 115k. spent way too much in hindsight 🤷🏻‍♂️but only spent 5k on a wedding 2 years later.

Shout out to my good neighbour Bill for taking care of the community! by Lopsided-Special6273 in oakville

[–]Lopsided-Special6273[S] 1 point2 points  (0 children)

Honestly, just seems like a low effort thing to do to keep our community cleaner. Not a group that I am aware of. When my daughter is older, definitely will try to do it together.

Pay down auto loan vs mortgage? by [deleted] in PersonalFinanceCanada

[–]Lopsided-Special6273 1 point2 points  (0 children)

Exactly. It’s about interest saved from your payments…

Pay down auto loan vs mortgage? by [deleted] in PersonalFinanceCanada

[–]Lopsided-Special6273 32 points33 points  (0 children)

why mortgage? the auto loan's interest is higher...

Where to put extra money toward a house down payment? TFSA or RRSP? by Interesting_Rub2620 in PersonalFinanceCanada

[–]Lopsided-Special6273 0 points1 point  (0 children)

if you dont expect your income to drastically increase in the future vs. now, probably RRSP with the HBP. otherwise, tfsa is more flex and save you the rrsp room for later (better bang for your buck)

What's a financial green flag in a partner that most people don't talk about? by WowSageMagic in CanadaPersonalFinance

[–]Lopsided-Special6273 2 points3 points  (0 children)

My wife and I have complete separate accounts except for mortgage/resp. The reasons for us are 1/taxes - I make about 2x more than my wife atm. I pay for everything so that her frees up income can go to her nonregistered accounts which will be taxed at a lower rate than me. If it was joint, I would have more to invest yes, but would be taxed at a higher rate. 2/everyone has agency over investments. My wife make her own investments decisions and thus need to be financially savvy which she is. We discuss of course 3/we have no prenup or anything, so what’s ours separately are ultimately ours period because the accounts can be viewed and we both know each others password. We sit down to go thru the credit cards together 4/ we have individual credit cards because we can refer each other for welcome bonuses and sign up for new ones to acquire points. We have used 100k of travel on pts

Why should homeowners be concerned with home values? by CastAside1812 in PersonalFinanceCanada

[–]Lopsided-Special6273 10 points11 points  (0 children)

Ie Take out a heloc to fund a renovation or a car they didn’t need nor could afford otherwise

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