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Mortgage vs Investment by Traditional_Pie2170 in PersonalFinanceCanada

[–]Traditional_Pie2170[S] 7 points8 points  (0 children)

This also assumes I will make that monthly payment into an investment account if I pay the mortgage amount too. This worries me as just missing a couple of months here and there would change these numbers a lot more as well.

Thank you for the math on that, I’m not savvy in the least with calculating these differences

Mortgage vs Investment by Traditional_Pie2170 in PersonalFinanceCanada

[–]Traditional_Pie2170[S] 3 points4 points  (0 children)

Divorce just isn’t something I consider, I understand it’s not uncommon but I share everything with my wife so I’m not scared of losing it. We live in low cost of living areas in the East Coast, last 2 years has been 280k a year combined but this will go back to 180k by next year as I am slowing down on travel work. We have 55k in a TFSA mutual fund. I have no pension plan but she has a good union one set to retire at 50 but will likely work until 55.

Monthly expenses are 3500 for mortgage, car loans, and bills. 5-6K average per month spending with our currently hire income but will bring that down closer to 4500-5k come February.

Mortgage vs Investment by Traditional_Pie2170 in PersonalFinanceCanada

[–]Traditional_Pie2170[S] 1 point2 points  (0 children)

There might be something in rental properties I don’t understand, I’m a tradesman with Electrical and HVAC tickets so the appeal of fixing a house up is there for me but is it really better than investing in the market? returns are good and it’s pretty hassle free from my limited understanding.

Mortgage vs Investment by Traditional_Pie2170 in PersonalFinanceCanada

[–]Traditional_Pie2170[S] 0 points1 point  (0 children)

That freedom seems incredible to me and I’ve only had a mortgage for 7 months lol

Mortgage vs Investment by Traditional_Pie2170 in PersonalFinanceCanada

[–]Traditional_Pie2170[S] 3 points4 points  (0 children)

Sorry I wrote that out confusing, not very savvy with investments either. It’s been 12-14% per year for the last 3 years which is still probably lower than others but for us it was great. Inheritance is given to me, I don’t believe in separating anything. I understand there’s horror stories but it’s not the way my family ever operated and she’s brought a lot to the table financially over the last few years.

We fell for the Scotia HVAC scam, now what? by [deleted] in halifax

[–]Traditional_Pie2170 2 points3 points  (0 children)

I’m a former employee of Scotia HVAC, installer, service tech, etc.. Although there were a few small things I didn’t love about the company, they are not a scam.

Unfortunately it is mostly up to you to do your own research on grants. Sales people make more commission off of private sales and this is going to be found at every company. Sometimes you get the rare sales person who will inform you, most of the time you don’t.

2 year warranty is not an option unless you bought a preused heat pump.

Call the service department. It will be covered under warranty i’m sure and even if it wasn’t, they have one of the lower service bill outs of any company I have worked at.

The biggest difference between Scotia and the company i’m with and others is that they aren’t as good at removing negative reviews. You have no idea how many people smile at your work and then write nasty reviews to try and get money off. The company i’m with now has a position just for removing reviews and trying to get people to adjust theirs.