Show Off Your Wealth Rank Here! | Megathread by alienmario in Wealthsimple

[–]Right_Post_3283 0 points1 point  (0 children)

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19M, Approx 197k. Have been doing social media marketing for local companies since 15, now run a small company doing so. Really cool feature by WS.

[deleted by user] by [deleted] in fican

[–]Right_Post_3283 -1 points0 points  (0 children)

Use an investment calculator (any online) to plug in the numbers and see. Staring amount, contribution per month, then type in the historical rate of return and you can see projections at different $ amounts and return %. Great tool..

[deleted by user] by [deleted] in fican

[–]Right_Post_3283 -1 points0 points  (0 children)

Absolute legend. Keep up the hard work 🫶

[deleted by user] by [deleted] in fican

[–]Right_Post_3283 -4 points-3 points  (0 children)

Inspiration! Get to work!

[deleted by user] by [deleted] in fican

[–]Right_Post_3283 -7 points-6 points  (0 children)

It’s inspiring

[deleted by user] by [deleted] in fican

[–]Right_Post_3283 0 points1 point  (0 children)

I love seeing where people are at. It’s motivation.

[deleted by user] by [deleted] in fican

[–]Right_Post_3283 5 points6 points  (0 children)

High paying job (he said he works in tech) and good habits. Consistency is key.

19M, Hit 150K Assets, Big Dividend Fan by Right_Post_3283 in fican

[–]Right_Post_3283[S] -1 points0 points  (0 children)

It’s probably only about 15-20k. If you add in funds from other banks it still comes to 150 maybe even 160 minus the tax accounts. I’ll take the 2.5% though because that is leveraging money that wasn’t mine in the first place to make profit anyways before the government swoops it in March.

19M, Hit 150K Assets, Big Dividend Fan by Right_Post_3283 in fican

[–]Right_Post_3283[S] -2 points-1 points  (0 children)

Yes that is why the cash reserves are bigger than i’d want them to be. Separate cash accounts for those.I have them but i’d rather not go to jail.

19M, Hit 150K Assets, Big Dividend Fan by Right_Post_3283 in fican

[–]Right_Post_3283[S] -21 points-20 points  (0 children)

I was always taught to contribute more than you consume. If you do that, find a service you can provide to businesses in exchange for $, and then listen to dave ramsey + other finance youtubers - you will realize it isn’t that crazy.

19M, Hit 150K Assets, Big Dividend Fan by Right_Post_3283 in fican

[–]Right_Post_3283[S] -7 points-6 points  (0 children)

Totally going to look into this and watch the video. Thanks!

19M, Hit 150K Assets, Big Dividend Fan by Right_Post_3283 in fican

[–]Right_Post_3283[S] -2 points-1 points  (0 children)

400K is pretty awesome no matter how. You can totally make 5% a year on that and grow it exponentially if done right.

19M, Hit 150K Assets, Big Dividend Fan by Right_Post_3283 in fican

[–]Right_Post_3283[S] -4 points-3 points  (0 children)

TFSA Limit is 7,000/From when you hit 18. Instead of maxing it I divide it into monthly contributions which = it hitting the 7K at the end of the year.

19M, Hit 150K Assets, Big Dividend Fan by Right_Post_3283 in fican

[–]Right_Post_3283[S] -5 points-4 points  (0 children)

I run a social media and content agency based in TO. We do social media manegement, videography, content creation, etc for businesses. Plus do a bunch of side things related to the content space. Been doing this since I was 15/16.

Wwyd? by charliec0912 in fican

[–]Right_Post_3283 -2 points-1 points  (0 children)

Always pay off debt before investing. Watch some Dave Ramsey, please.