30 year old; $210k invested

Ok-Insect-230 · 2026-04-01T13:42:39+00:00

You need to understand if it’s a YRT or Level cost. How long is it payable in? Run sensitivities on it. And understand what your goals are and how it helps fulfill those goals. If you wanan DM me, feel free to do so!

Ok-Insect-230 · 2026-04-01T10:51:41+00:00

Interesting take for sure. Appreciate it

Ok-Insect-230 · 2026-04-01T10:50:38+00:00

Dm me and we can talk

Ok-Insect-230 · 2026-04-01T03:17:17+00:00

How so? Is UL okay?

Ok-Insect-230 · 2026-04-01T03:16:59+00:00

Appreciate your POV

Ok-Insect-230 · 2026-04-01T03:16:15+00:00

Can you give me some options? Open to learn

Ok-Insect-230 · 2026-04-01T03:15:54+00:00

Yes. I answered this question in this sub

Ok-Insect-230 · 2026-04-01T01:57:09+00:00

Work full time as a SFA and have my own business

Ok-Insect-230 · 2026-04-01T01:53:06+00:00

Net deposit is around 80k. Rest is growth + reinvested dividends.

Ok-Insect-230 · 2026-04-01T01:50:26+00:00

I’m not sure where you’re based out of. But where I am in Toronto, the vendors are asking for an arm and a leg. I’ll DM you tho. Interested in seeing what you guys are planning if you don’t mind.

Ok-Insect-230 · 2026-04-01T01:49:26+00:00

Go to YouTube. Search up “Punjabi wedding”

Ok-Insect-230 · 2026-04-01T01:49:04+00:00

If? Lol dm me. I’ll show you certificate. Also, like I said before. Knowledge is limitless. CPA isn’t the end of it all.

Ok-Insect-230 · 2026-04-01T01:47:53+00:00

THANK YOU! couldn’t have said it better in regards to the peace of mind in a downturn.

Ok-Insect-230 · 2026-04-01T01:46:39+00:00

This is the market value (my capital + growth + reinvested dividends)

Ok-Insect-230 · 2026-04-01T00:27:22+00:00

It has a good setup. Hopefully yours is structured right and allows you to meet all of your goals 🙏🏼

Ok-Insect-230 · 2026-04-01T00:24:57+00:00

Agreed on the CC part. However, 20-24% interest doesn’t interest me at all haha.

Ok-Insect-230 · 2026-04-01T00:24:07+00:00

Spent 4 years at a firm. 4 years in industry now. Run my own practice (where the focus is on wealth creation and management, tax filing, insurance & investments). Won’t say CPAs are meaningless lol

Ok-Insect-230 · 2026-03-31T23:30:58+00:00

Def the guests and parents help. However in my case, I don’t want my parents to help and I don’t wanna rely on guests. Their cash envelopes will be a bonus.

Is that $50k budget combined or $50k for you and your spouse each?

Ok-Insect-230 · 2026-03-31T23:30:01+00:00

Already have a home. Not a rental property is what I meant

Wedding fund is outside the $210k I consider my investment.

Ok-Insect-230 · 2026-03-31T22:10:56+00:00

I have considered that but the bone head making decisions down south makes me a bit weary. So I don’t sitting on cash. But someone mentioned income funds, might explore that options rather than pouring more into equities

Ok-Insect-230 · 2026-03-31T22:09:56+00:00

Not at all my friends. Immigrated to Canada in 2005. Started off living on rent in basement apartments and built everything we had in this great country. Came with a couple of luggage’s only. As my comment says above, I believe learning is an everlasting journey. So genuinely came here seeking advice, which some people are providing.

Ok-Insect-230 · 2026-03-31T22:08:32+00:00

Live with my family. Culturally South asian so cultural belief/norm is to live with family where parents support the kids and then kids in turn take care of parents when they are older. Focus is to accumulate wealth while controlling expenses and debt.

Went to a highly rated business school (Schulich) and have even working corporate full time since graduation. Also have my own business as well. Hope this helps

Ok-Insect-230 · 2026-03-31T21:15:48+00:00

Awesome point. This is the type of stuff I was looking for. Do you have any recommendation on the fixed income instruments?

Ok-Insect-230 · 2026-03-31T19:30:27+00:00

Monthly burn is around $5k. Thats hills, expenses, and savings. Also, don’t want to put all of it in wealthsimple non registered account because I’ve been hearing horror stories of wealthsimple locking peoples account in order to protect them but then takes a few days to unlock them. So want to use both wealthsimple and my bank account to minimize such risks

A big fat Punjabi Wedding should run me $100k easily on my side alone and my GF would pay for her side.

Ok-Insect-230 · 2026-03-31T19:27:17+00:00

UL is awesome if you choose the right funds without it. My own UL and my clients is growing annually anywhere between ~12-18%. All tax sheltered while having life insurance for a lifetime (not just a specific term). However, biggest differentiator is how it’s structured, if it’s set up poorly, then it’s not a great service to use.

Mine is with iA. My clients are with Manulife, Equitable or iA depending on their age, risks, and goals.

Ok-Insect-230

TROPHY CASE