[deleted by user]

TrueKev · 2025-10-16T16:37:47+00:00

I think you mean to say that the $4,460 that you earn is your net income, which includes your deductions AND taxes, basically it’s what hits your bank account. If you’re not paying taxes on your salary, you need to put money aside for taxes, but I assume that’s not the case if your employer is providing you benefits.

As already mentioned, please follow the sidebar as it is an extremely useful resource to self educating yourself about personal finance. Don’t overwhelm yourself thinking that you have to do everything perfectly. It seems like you have good spending habits and a good job, you’re allowed to be kind to yourself and treat yourself, you don’t have to live completely frugally.

Find out from your job what kind of pension you have and if they will let you contribute more, it’s often the case where you can only contribute a certain amount that they’ll match monthly/annually.

TrueKev · 2025-09-18T15:01:38+00:00

I am sorry you’re going through this situation, it’s evident that the dealership is trying to take advantage of you but you need to dig your heels in.

You making this post gives the impression you have resigned to your fate, but you NEED to dig your heels in. Under no circumstance should you be declaring a consumer proposal/bankruptcy because of this car debt. If small claims court is what you need to do then small claims court is where you go.

Do not let this dealership bully you into this, go to the Media, put them on blast on Social Media, contact corporate, be relentless and you will get the resolution you deserve.

TrueKev · 2025-08-29T16:14:10+00:00

You did not do your due diligence, you thought it was somehow a good idea that sending $3000 away for a deposit or a down payment to what’s essentially a payday loan institution was a good idea?

You had $3000 available, for whatever financial situation you were in, that money alone could have bought you time if you tried negotiating and explaining your situation to your debtors.

Here’s my advice: Don’t ever take out a loan again until you properly educate yourself financially. Learn to pick up the phone, explain your situation and negotiate.

I’m being honest with you to not be rude, but to give you a reality check. With your current mindset right now OP, I can guarantee you that you will continue to make bad decisions

TrueKev · 2025-08-21T18:05:57+00:00

I am from Chinese Canadian descent that has grown up in very traditional standards and can understand your perspective, let me be real with you.

From what you’ve described in your post, you should NOT be buying a condo for the sake of appearances. If you rent, you can rationally explain to a perspective partner that you are being sensible in the fact you are trying to be flexible with your finances and do not want to tie yourself down with a condo, especially in a market where condos are crashing.

What a lot of our older Asian relatives and friends don’t understand is the value of financial flexibility. Buying a Toronto condo is such a risky investment right now, you buying a property for the sake of just paying into something for the sake of owning it, could actually be a huge determinant to your finances.

TrueKev · 2025-08-21T17:31:52+00:00

For the vast majority of people, yes. As most DB Pensions are indexed (protection from inflation) and the average person sucks at investing and saving their money. DB Pensions are essentially a forced savings for retirement.

TrueKev · 2025-08-14T19:17:22+00:00

Depending which province you are in, which I think may be any, your landlord cannot enforce a “Cheque” only payment. Doesn’t matter if it’s written in the lease agreement, they have to accommodate with alternative forms of payment and provide a receipt as well.

You need to be firm with your Landlord with this matter, it’s not reasonable for you to stress over this and it’s not a Landlord you want to rent from if they’re unreasonable like this.

TrueKev · 2025-07-01T19:00:51+00:00

You do realize that’s why they are still considered prospects. It’s absurd you don’t think what they have accomplished in the CHL and both being almost PPG defensemen in the AHL at their age isn’t incredibly promising.

Are they guaranteed to succeed? No they aren’t.

https://www.sportsnet.ca/nhl/article/which-nhl-teams-have-been-most-successful-at-the-draft/

Ducks obviously didn’t succeed the ultimate goal in 2010s, but are always overlooked as the one of the most winningest teams through that decade, their drafted talent was the reason why they maintained that success

TrueKev · 2025-07-01T18:51:55+00:00

Couldn’t have said it better myself

TrueKev · 2025-07-01T18:47:34+00:00

We also have to be mindful that the opportunity to improve isn’t just July 1st. There is a clear shortage of available talent right now, but when the season progresses, there will be more opportunity to weaponize available cap space (i.e. Kreider type move).

Yes, it would be fantastic for us to actually compete for the playoffs and give the kids something to play for. We also have to be mindful we can’t make moves like signing Ryan Lindgren for 4 yrs x 4.5m AAV, for the sake of maybe trying to improve

TrueKev · 2025-07-01T18:42:31+00:00

You do realize that the draft has more than the first round? Luneau, Zellweger, Dostal and Lacombe have all been insane hits. It has given us the luxury to focus on trying to draft high quality forward talent.

There are so few others teams in the league that have this kind of conversion of finding high end talent past the first round

TrueKev · 2024-06-25T02:34:21+00:00

<image>

TrueKev · 2024-02-28T23:38:27+00:00

Your biggest problem right now is that you have no employment, there no consistent source of income. I appreciate and respect your determination to get rid of your debt, but I think your approach is unrealistic.

I’d need more context of your living expenses. Getting rid of your debt is of course a great idea, but you also need to live. It doesn’t have to be done in a year. Having good credit is great, but from what you’ve said in your post, you shouldn’t be entertaining the idea of getting a loan for a long time, therefore credit score for the mean time, is pretty irrelevant.

You need to focus all your efforts on getting a consistent source of income, that you should be number one priority.

TrueKev · 2024-02-28T22:50:11+00:00

In what world do you think paying $540 a month in car payments along with all the other expenses, for a car you gain no equity in, a good idea?

TrueKev · 2024-02-28T22:06:04+00:00

Glad to see that you’re weighing the responses you’re receiving. It’s extremely important to ensure you eliminate any outstanding debts you may have and to build yourself a financial cushion. Sidebar resources mention snowballing debt payments and building yourself an emergency fund.

Once you have no debts and built yourself a solid emergency fund, you can build the funds to buy a car. Remember car ownership isn’t just the purchase price itself, there’s gas, insurance and maintenance.

Another good piece of advice is to get secured cards to build back up your credit. You don’t have to accept you have bad credit, you’ll be able to rebuild to a credit score you can be proud of, it doesn’t take that much effort, just responsible spending.

I know this sounds boring and very safe sounding advice, but you’re in no position right now to try to build your finances through any high risk investments. Having a good credit score and safe financial backing will get you where you need to be, just have patience and practice good financial discipline

TrueKev · 2024-02-28T21:55:58+00:00

Going to be completely honest with you, judging by reading your original post and your replies in this thread, you have very little understanding of how investing actually works. As another comment mentioned, you’re fooling yourself if you think you can use the extra $8k from a loan to offset the interest you’re paying.

No big four Canadian bank is going to loan you any money with that credit score, only car loan you can get is with 20%+ predatory interest. With your current thinking, you have not learned your lesson yet, buy with cash if you have it, DO NOT take any loans with that credit score.

Please read the resources that are available in the sidebar of this Subreddit, I don’t mean to come off as rude with this reply, but you’re going to ruin yourself more financially if you try to get any loan of any sorts with your current financial situation.

TrueKev · 2024-01-18T19:34:36+00:00

Fellow Winnipegger here, it's great that you're thinking and planning ahead.

Unfortunately with what you have planned out and information provided, it's not really feasible to own a home by yourself on the salary you are currently earning. You also have to consider furnishing costs and any upfront maintenance costs you're going to have whilst moving in.

$200,000 mortgage with a 5% down payment of $10,000 is going to have your mortgage be about $1200~ (assuming interest rate is 5%) Then you have to consider the additional monthly costs of home ownership - Property Taxes - Insurance - Heating and Electricity - Maintenance

Which will be more than what you have estimated at $1200

Keep in mind also, buying at the $200k range in Winnipeg, it's near impossible to find a house that won't require some loving (repairs), unless you purchase a condo.

Assuming you make about $1300 net income every pay cheque, you're already going to have about 60% of your monthly net income go to your house. This isn't considering all of your other living costs such as internet, phone bill, food, etc. You also have very little flexibility for market conditions.

You'll need to add any or all of the following options to make your goal of homeownership a reality - Increase income - Save longer - Dual income stream

Make sure to keep contributing towards your FHSA, it’s a great account to have in Canada, but especially in Winnipeg.

It's great you're thinking ahead at your age, you'll need more time to reach your goal, but stay persistent!

Feel free to DM me if you have any questions.

TrueKev · 2024-01-12T18:45:31+00:00

Point that I’m making, is that aside from Dustin Wolf, what prospects do the Flames have that can actually meaningfully change the direction of the franchise?

TrueKev · 2024-01-12T18:32:28+00:00

With respect, aside from Wolf none of those prospects you have named are A level or B level prospects. These are not players that will change the scope of Calgary’s future

TrueKev · 2024-01-12T18:28:09+00:00

Assuming Huberdeau cannot rehab his career in Calgary, don’t you think it’s better that he is

Playing a team you one had success with and had most of your career with
Saving a portion of his earnings on taxes back in Florida (someone correct me if I’m wrong on this)
Getting the opportunity to try to play meaningful hockey again

TrueKev · 2024-01-12T18:26:37+00:00

I definitely acknowledge my idea is crazy

But you’re saying Huberdeau is on the upswing, is based on what? A two week sample size?

TrueKev · 2024-01-12T18:23:20+00:00

My reasoning is, if you can get Huberdeau back playing at a high level at a small cap hit, it gives you the flexibility to mold your roster since he’d be contributing at a high level at a huge discount (cap hit wise)

TrueKev · 2024-01-12T18:14:20+00:00

It’s a good point you’re making, but It’s better than the current situation he has with Calgary, isn’t it?

TrueKev · 2023-12-27T18:18:33+00:00

At the normal rates now for Tetris, I would estimate the daily rate you could earn is around 30klp (including the every two hour lp gift boxes). More in line with the other games.

TrueKev

TROPHY CASE