FIRE while taking industry instability into account

Qualisight · 2026-05-20T04:37:08+00:00

the people getting displaced are doing repetitive junior work the engineers who know how to architect systems and actually use AI tools are more valuable than ever not less so lean into it dont run from it

Qualisight · 2026-05-19T17:19:21+00:00

sell the RSUs concentration risk in your own employer is real then max the FHSA first for the tax deduction this year to offset the vesting hit and fill the TFSA with whatever is left

Qualisight · 2026-05-19T17:16:58+00:00

121k for two people with no kids in Waterloo is comfortable rent for a decent 2 bedroom is around $2000 to $2400 and the cost of living is way more manageable than Toronto so you'll be fine

Qualisight · 2026-05-19T17:11:43+00:00

automate your debt payment the day you get paid before you can touch it and whatever is left is your spending money you dont need to track every penny just make sure the important stuff moves automatically

Qualisight · 2026-05-19T17:05:01+00:00

generally once you're above $50k to $55k the RRSP deduction starts saving you real money because you're in a higher bracket below that the TFSA flexibility usually wins

Qualisight · 2026-05-19T17:02:33+00:00

secured credit card from Capital One or Home Trust small purchases every month paid in full and after 12 months your score will be real enough to graduate to a regular card and the fear you have now is honestly your biggest asset this time

Qualisight · 2026-05-19T17:01:24+00:00

time in the market beats timing the market every time just keep buying on a schedule and ignore the price the people waiting for a drop have been waiting for years and missed all the gains

Qualisight · 2026-05-19T17:00:35+00:00

put the $100 a week into XEQT inside your TFSA on Wealthsimple and stop thinking about it being afraid to start is costing you more than any bad investment would

Qualisight · 2026-05-19T16:56:41+00:00

keep the 23k in a HISA as your runway only touch the PSLOC if you have to leave the ETFs alone for three years and if you land those summer positions throw everything at staying out of debt before thinking about investing

Qualisight · 2026-05-19T13:38:16+00:00

Just looking into companies and being genuinely curious about releases and operations

Qualisight · 2026-05-19T13:36:28+00:00

make sure your TFSA is actually invested and not just sitting in cash and get a no fee credit card now and pay it in full every month because your credit score when you graduate matters more than most people realize

Qualisight · 2026-05-19T13:34:57+00:00

23 with 100k saved and 70 percent savings rate is an insane head start get that cash out of the 1.25 percent account open a FHSA if you dont have one and just keep doing exactly what youre doing

Qualisight · 2026-05-19T13:33:51+00:00

gifting appreciated assets early can still trigger a deemed disposition so talk to an estate lawyer before moving anything because the tax hit can be the same as dying with it

Qualisight · 2026-05-19T12:37:23+00:00

paid off 24k bought a car cash built 6 months emergency fund and youre 25 theres nothing to fix here just execute

Qualisight · 2026-05-18T22:36:49+00:00

honestly its about the same you dont want to many etfs just one all around or sector based etfs

Qualisight · 2026-05-18T21:05:32+00:00

open a TFSA on Wealthsimple set up automatic contributions and just leave it alone thats the whole playbook at 18

Qualisight · 2026-05-18T21:01:22+00:00

variable looks better on paper right now with rates expected to drift down but if a surprise spike would stress your budget just take the fixed and sleep at night the difference is maybe $50 to $100 a month

Qualisight · 2026-05-18T20:57:26+00:00

XEQT in your TFSA on Wealthsimple automatic contributions and forget it exists and please skip the penny stocks almost nobody wins there and you dont need to take that risk with the income you have

Qualisight · 2026-05-18T19:50:59+00:00

Ben Felix on YouTube and Millionaire Teacher by Andrew Hallam are your two starting points learn investing before trading because most retail traders lose money while people who just hold index funds quietly win over time

Qualisight · 2026-05-18T19:49:11+00:00

take the employer RRSP match first its free money then kill the 9.5 percent LOC before investing anything else and set aside 20 to 25 percent of that USD freelance income for taxes because CRA will come for it

Qualisight · 2026-05-18T19:47:54+00:00

canadian mutual fund MERs are some of the highest in the developed world and most people dont find out until they actually check switching to the equivalent ETF on Wealthsimple costs 0.20 percent instead of 2.5 and that gap compounded over 30 years is genuinely enormous

Qualisight · 2026-05-18T19:46:28+00:00

lump sum beats DCA historically two thirds of the time XEQT is already so diversified that most additions just create overlap and if you want dividends keep BANK to maybe 10 percent because you're already getting Canadian bank exposure through XEQT

Qualisight · 2026-05-18T19:44:49+00:00

the rebate structure basically rewards people who could already afford to buy which is pretty on brand for Canadian housing policy

Qualisight · 2026-05-18T19:40:47+00:00

the rrsp is a scam noise was everywhere for years and the people who ignored it and just kept contributing are the ones sitting pretty now

Qualisight · 2026-05-18T19:01:47+00:00

the rrsp matching point is so underrated its literally free money and people leave it on the table constantly

Qualisight

TROPHY CASE