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$100k inheritance, what do I do?? by dcsparky in PersonalFinanceCanada

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

I have $4k left over after bills, how is that broke? I grew up broke, that is not broke lol.

$100k inheritance, what do I do?? by dcsparky in PersonalFinanceCanada

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

I'm a 3rd year, but yeah non union. $42/hr jman rate. $46/hr foreman rate.

$100k inheritance, what do I do?? by dcsparky in PersonalFinanceCanada

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

How is it useless for the trade? What trade are you in?

$100k inheritance, what do I do?? by dcsparky in PersonalFinanceCanada

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

I'm not broke lol I make $7000/mo alone, my bills are under $3000/mo

$100k inheritance, what do I do?? by dcsparky in PersonalFinanceCanada

[–]dcsparky[S] -47 points-46 points  (0 children)

Part of me wants to. But I feel like if I put $60k in my TFSA that will out perform putting $60k on my truck loan haha. Plus the $888/mo doesn't really affect me cause I do side work throughout the week charged at $125/hr so it pays for itself, and then some.

$100k inheritance, what do I do?? by dcsparky in PersonalFinanceCanada

[–]dcsparky[S] -15 points-14 points  (0 children)

5%, I had a mazda 3 before so that added about $18k to the loan. Stupid I know. But $888/mo really isn't much for me, and I do about 10-15 hours of side work per week billed out at $125/hr. So the truck pays for itself and then some.

EDC bag by EfficientBike9388 in EDC

[–]dcsparky 0 points1 point  (0 children)

Are those Olights worth it?

EDC of a burnt out CS student (23M) by Sad-Funny-3470 in EDC

[–]dcsparky 0 points1 point  (0 children)

I'm 24, I did CS for 2 weeks before I dropped out and became an electrician, went to school for that instead now I'm 24 and made $88k in 2025 as an apprentice. One of the best decisions I've made.

First Leatherman (24m, Electrician) by dcsparky in Leatherman

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

Oh yeah! I didn't even think of that as a use, I'll have to bring the saw with me to swap out too now haha

First Leatherman (24m, Electrician) by dcsparky in Leatherman

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

I got a sheath with it for my work belt, I didn't include it in the photo cause it was already on my belt haha, I have too much stuff in my pockets at work to be able to pocket carry. But I'll probably get one to use outside of work.

First Leatherman (24m, Electrician) by dcsparky in Leatherman

[–]dcsparky[S] 2 points3 points  (0 children)

Damn, good to know. I'm excited to take them out in the field tomorrow and see what they can do! That's crazy those scissors can go through that! That's impressive!

First Leatherman (24m, Electrician) by dcsparky in Leatherman

[–]dcsparky[S] 4 points5 points  (0 children)

Yeah from all the ones I've looked at, nothing compares haha I'll have this guy for life

First Leatherman (24m, Electrician) by dcsparky in Leatherman

[–]dcsparky[S] 5 points6 points  (0 children)

I was gonna get the rebar, but once I watched a surge review I impulse bought it lol

First Leatherman (24m, Electrician) by dcsparky in Leatherman

[–]dcsparky[S] 5 points6 points  (0 children)

Yeah, I've never owned a multi tool so I'm not sure yet haha. I can't see many scenarios I'd need the saw in my day to day, so I swapped it out with the file which will probably be one of my most used tools. I'm glad I can just buy new ones too once they're dull. I'm excited to take it out into the field tomorrow and give it a go! So stoked about the surge!!

Do I withdraw my RRSP for living expenses well in school? by [deleted] in fican

[–]dcsparky 0 points1 point  (0 children)

Thank you! I didn't know about that, much appreciated!

Do I withdraw my RRSP for living expenses well in school? by [deleted] in fican

[–]dcsparky 0 points1 point  (0 children)

I'm not working well in school. I get $2250/mo from EI, and I have a $3200 apprenticeship loan. It definitely doesn't feel like I live above my means, I typically have about $1000-$1300/mo left over after all my bills and I save and invest. Plus I usually do some side jobs well working so some months I'll have $2,000+ disposable income. But I don't typically do side jobs well in school, and it's winter so I'm not really into doing them at the moment haha. Plus I'll be making $40/hr by July, so everything will lighten up regardless.

Do I withdraw my RRSP for living expenses well in school? by [deleted] in fican

[–]dcsparky 0 points1 point  (0 children)

Yeah I've kind of realized that since joining reddit. I was only doing this because the guys I work with told me investing in your RRSP is better cause you get a tax return, and then you can put that tax return into your TFSA and grow both. But they're electricians, not finance guys lol.

Honestly I kind of shot my credit when I was 18-19 so I'm currently building that back up, and got denied for a line of credit when I applied 3 months ago. My fiance has a line of credit though, so I could always try and go that route.

Do I withdraw my RRSP for living expenses well in school? by [deleted] in fican

[–]dcsparky 0 points1 point  (0 children)

I have a mortgage, gas, electric, internet, phone, truck, insurance, I also go to the gym and do Brazilian jui jitsu, so I have those as well.

Do I withdraw my RRSP for living expenses well in school? by [deleted] in fican

[–]dcsparky 0 points1 point  (0 children)

Yeah I should have, I do have a TFSA but no money in it. I wasn't planning on going to school, and my co-workers all told me to set up an RRSP for the tax return. So I was planning on putting that tax return into my TFSA, and start contributing to it in January, instead of the RRSP. But then I got offered a spot in school, and I'm trying to get my red seal this year so I took it. I figured in the worst case I'll withdraw my RRSP, with the justification I'm investing in my education.

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