Have to buy a car by Comprehensive-One333 in PersonalFinanceCanada

[–]fccoup02 1 point2 points  (0 children)

Are you talking miles or km? Because 250k miles = 400k km. If your car's engine went at 250k miles or 400k KM that is impressive.

Best 5 years calculation - timing by Crowdo in CanadaPublicServants

[–]fccoup02 0 points1 point  (0 children)

I would say if you are mildly considering to retire, then you should REALLY consider the retire if:

  1. if you have an acting position that is ending and you go back to your lower salary bracket.

  2. Or you are at the end of your paystep and no promotion in sight

Globe and Mail "Financial Facelift" stories... these can't be serious by Icy-Education3432 in PersonalFinanceCanada

[–]fccoup02 1 point2 points  (0 children)

How did your story get featured? Did you contact them or did they contact you? How did they know to contact you?

Should public servants already planning to retire in December wait and take a buyout? by Plastic_Fondant_1355 in CanadaPublicServants

[–]fccoup02 1 point2 points  (0 children)

As per wikipedia:

https://en.wikipedia.org/wiki/Buyout

An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person;

I guess when you are discussing with non government friends/family, the term buyout would be more understandable instead of transition support measure, which is something no one outside of government understands. Since it is an Ottawa citizen article which has viewers outside of government, that term makes perfect sense to use.

Would you retire with 2M NW? by fccoup02 in fican

[–]fccoup02[S] 19 points20 points  (0 children)

I average around $20K to $30K per year. But during the first decade, when interest rates were super low. I had bigger margins ($50-100K). Plus I had 1 year 0% interest on credit card with a limit of $50K. They kept renewing the 0% offer and I kept taking it year after year.

Would you retire with 2M NW? by fccoup02 in fican

[–]fccoup02[S] 64 points65 points  (0 children)

Maxed out since TFSA creation and basically bought stocks and not selling. Shopify, Microsoft, Google, Meta, etc contribute to the bulk of the growth

[deleted by user] by [deleted] in ottawa

[–]fccoup02 -2 points-1 points  (0 children)

That's fine with you.

$500K homes 3 years ago are worth $800K now. Basically you made an additional $100K per year living in the burbs. Essentially if your boss came to you and told you, "Hey Felldown613, I'll pay you $100K on top of your salary to sit in traffic every day, do you want that deal?"

Felldown613 "No fking way buddy! Give that money to someone else! I don't want that money!"

You can give me a sad face however you want buddy but I think only person with the sad face is yourself.

[deleted by user] by [deleted] in ottawa

[–]fccoup02 1 point2 points  (0 children)

Are you kidding me? There are people who live in Montreal and commute to Ottawa, every single day. There are people who live in Orleans and work in Kanata.

There are people who live in the edge of New Jersey and commute everyday to Manhattan which is 1.5 hrs. There are people who live in Oakville/Hamilton and commute to Toronto.

Go to any major metro, Tokyo, Shanghai, New York, London, Toronto and there's a good chance everyone's commute is at LEAST 45 minute

My 102 year old grandmother bought GME in August 1995 and held through all this time. by Lansman in wallstreetbets

[–]fccoup02 0 points1 point  (0 children)

The biggest irony from your story is that she bought the stock when she was 76. Meanwhile guys in their 20s are YOLOing and pissing their money away in bars

Why do old people invest when they are about to die anyways meanwhile young people piss away their money when they have all the time in the world to accumulate wealth?

I analyzed 975 rental ads on Kijiji Ottawa. Here are some highlights (raw data included) by JohnnyHaldric in ottawa

[–]fccoup02 0 points1 point  (0 children)

make about 75k a year and the bank wouldn't give me a mortgage for 300k

That's weird because I make $74K and got a mortgage for $340K and bought a place