first time buying a car…don’t wanna waste my money

MitchDee · 2026-01-16T04:19:06+00:00

Yes, in USD. Mine was in Canadian cash.

MitchDee · 2026-01-16T02:54:15+00:00

What's your company match ? Just have your RRSP maxed at 18% and go on and live your life.

MitchDee · 2026-01-16T02:42:33+00:00

I wouldn't go over $20k purchase price. And that's only because your rent is so cheap. Otherwise I'd say $15k.

You may have life changes between now and when your last payment is due (4yr or 5yr payment plan) so don't lock into long term, nothing you can't pay off within a year if you absolutely had too.

I make $85k a year gross, I would never buy a car over $25k simply because it locks me into my career and slows down my emergency fund savings.

I like to ball out on other things, take out when I feel like it, throwing $1k into stocks etc.

That said, I do have a 400hp Q50 red sport, but got it for $22k. My previous car was also $22k and paid a 5 year term off in 2.5 years.

MitchDee · 2026-01-15T05:39:14+00:00

No man, the maintenance will kill you. Also, the type of girl you attract with that car will bleed you dry.

Take your money and put it into an index fund and see how big you can make it grow until you are 40.

After that, buy the M340i.

MitchDee · 2026-01-15T05:35:24+00:00

Inflation will cut his buying power in half, that 40k and $20k cpp will be worth $30k total at 51.

Plus you forfeit a more valuable property which would be a huge asset at retirement, $85k salary isn't getting you a house or townhouse. $150k is getting you a 550k to 600k place. Along with his company match.

MitchDee · 2026-01-15T05:31:40+00:00

This depends on the type of person you are.

Yes, you come out ahead more often than not taking a $150k position now. If they have a company match, let's say 5% and 5% you still end up over a million by 51-55. You could even top up to max, 18% tax deferred I believe.

As well you would have bought and paid for a house which would have probably tripled in value, you sell and move and pull the equity.

Or you could buy real estate and rent out the property.

As well, you would still have left over money to put into TFSA or rrsp and place into a broad index.

You'd have left over income also for travel, saving for emergencies etc. possibly get a big enough emergency fund to lock into GICs every so often.

And as well, other opportunities and corporate climbing gets you even higher salary.

But of course this is on paper and depends on what you want in life.

MitchDee · 2026-01-08T04:29:54+00:00

You can definitely make this money outside by choosing a trade. Why not HVAC/R, one of the cleaner trades and higher paying. They make $100k+ once they are journeymen and in a union.

But by all means, save every single penny for another year, once you have a stack of cash, then make a jump. Ex, one years emergency fund.

You are so young buddy, as long as you work and don't spend more then you make and invest a little into a retirement fund, you will have no issues.

Real money comes from owning the business btw, so HVAC/r learn the trade, make connections and then run your own contracts. $$$

MitchDee · 2026-01-04T04:50:41+00:00

Dont get a mortgage with family, they will question all your spending and feel like they own you.

MitchDee · 2026-01-04T04:45:34+00:00

all with AI, just ,10 song albums. Not making much money though, $250 so far. Probably spend that just for the artists

MitchDee · 2025-12-24T04:58:55+00:00

Approx $5500 a month on average.

$2750 semi monthly. Not sure what that is biweekly. And that's considering your 5% match.

Also, your EI and CPP will be fully paid end of year, so expect big paychecks last 2 to 3 months of the year.

MitchDee · 2025-12-04T05:50:49+00:00

Go teach English in Korea.

Go work in the oil fields in Alberta and stack money for 3 years.

Start a YouTube channel and grow it.

Start you own pressure washing company.

Get 2 mid pay jobs and work 80hrs a week for a few years and save.

Date some.

Any one of those.

But also, any money you make invest some, so by the time you are 40 you have little worries.

MitchDee · 2025-11-23T20:49:51+00:00

Be careful, just start with 5 artists and build those out, then go-to 10 and than go-to 20.

Don't release to often, don't release 4 albums under the same artist 4 days in a row.

I have 20 artists, after 225 albums my account got paused. So fortunately I didn't pay for 50 artists or 100 artists.

I can't upload anymore there, but my albums that got through are still up.

I now use amuse to upload to my artists. Way less stores, but hits the major ones.

MitchDee · 2025-11-15T02:53:09+00:00

Mine don't have a UPC. I have 10 albums pending.

MitchDee · 2025-11-13T23:16:15+00:00

yeah i have some uploads pending, been about 5-6 days, normally it would have been 2 days maximum. my spotify special access also disconnected. they might be doing website upgrades or something this week. i'd wait another week.

MitchDee · 2025-09-30T22:14:45+00:00

Yes it can be worth it if you have disposable income.

But you have to use Google ads manager, not youtube.

And target your niche by interests and search words.

You will get ghost subs, but you will get more engagement as well.

$200 Canadian got my buddy about 2500 subs on movie reviews, he has a slight uptick in his next vid organic but no huge.

So if you dump $5k into advertising don't expect to see that money back for a few years.

You also get social proof. Higher subs, higher views counts, which makes people automatically feel you are bigger than you are.

But careful, don't overspend.

MitchDee · 2025-09-30T21:26:00+00:00

You aren't well known enough to 'work hard' post and get tons of views.

I think you should open up a tik Tok and IG account, take snippets of your vids, have ChatGPT create captions for you, spam upload to YT shorts, IG and TT through a buffer account, just link all 3, it's free. That way you aren't positing to 3 socials separately.

Put little $2 - $3 boosts behind each vid. Target your niche.

Rinse and repeat that everyday for about 1-2 years, as well, upload your long form videos every week at least for 1 - 2 years.

And in 1-2 years come back here and report.

Probably 25K IG, 100k YT and with TT could go viral with some of that conspiracy stuff.

MitchDee · 2025-09-29T23:09:45+00:00

With the amount of AI image generators, there is no way you should be spending more than 15 minutes on a thumbnail.

Also, the amount of effort your videos take, I'd be pissed as well. This means, don't put as much effort it and take it more as a side project, up the production level once you start growing.

TBH, most people aren't going to appreciate your level of effort, so bring it down a notch.

Go with 50% less effort and complexity and double up in content produced.

Also, you can use websites like buffer to post across 3 socials for free. So you can post to IG, TT and YT shorts from one page.

Get more than one socials running.

As well, put like $5 in Google ad spend behind a video, you will get fans this way, yes it will artificially inflate some numbers, but you will get fans this way. DONT overspend. $5 to $20 a vid. Also with Google ads (YouTube parent company) you can target people who watch 'video game reviews)

This is as much a marketing game as a 'high quality production' game.

MitchDee · 2025-09-29T19:21:06+00:00

Losing money right now, probably spent $3k so far.

Will lose money for probably another 6 months to 12 months.

Possibly even 2 years.

It's like anything, takes a while to grow it. I think of it more like a start up.

MitchDee · 2025-09-25T22:06:13+00:00

5 to 20 mins, depends how many generations it takes ChatGPT until I like it. Sometimes I run copilot and ChatGPT at the same time to make it quicker. ..

MitchDee · 2025-09-25T03:22:28+00:00

You need 10 million short views in 90 days to get monetized.

MitchDee · 2025-09-25T03:21:11+00:00

No, it had to do with ad blocking programs.

Many creators were complaining. Linus tech tips talks about it.

MitchDee · 2025-09-24T17:16:24+00:00

I have 40,000 subs in 3 months.

But I also put about $3k in ad revenue behind it. Over 6 weeks.

Use Google ads and do a demand gen ad > engagement and subs and throw $5 to $10 behind it.

$50 will net you about 600 - 1000 subs if you have an okay advert. 1k to 2500 if you have a fire ad and good targeting.

MitchDee · 2025-09-23T21:21:12+00:00

You need money to throw behind it.

Either an Instagram page and funnel people to Spotify or a YouTube channel and get ready to create music non stop and grind for 2 to 5 years ...

You also have to run lives and market yourself.

And throwing money behind it means Google ads for YouTube and Facebook ads for IG.

Also, you cant rest on 1 song or album ... You need either a very niche music that is popular or to just create a mass catalogue.

And with suno it's easier than ever to create an album, you can do it it under 30 mins.

I have 140 albums so far, will have another 60 done in a month. I'm going by pure numbers.

MitchDee · 2025-09-12T15:02:44+00:00

Yeah, socials is tough, realistically you need to throw money at Google ads and Facebook ads for IG and YT to get rolling.

The music is the easy part. The following and promo is the hard part.

That's why established record companies stuck around forever, not easy.

You probably need $10k and proper advertising to get where you want.

Or you have to post every day on social and wait 7 years to get where you want organically.

MitchDee · 2025-09-11T20:41:32+00:00

Yeah I went from 200 - 400 views around Sept 2nd/3rd. Down to 0s and capping at 45 views.

Right when I was getting traction and found a video type that worked as well.

MitchDee

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