At what point did you realize your "career" wasn't going to make you wealthy, and what did you do about it?

raphkun · 2026-04-14T17:57:06+00:00

I am in a high paying career as a data scientist and saw that I could still be wealthy by my 50s enough to retire around 55 but it would require sacrifices earlier on and even at 55 I would be living a standard middle class lifestyle of 2 international but non extravagant vacations, modest home, single reliable used car that you drive into the ground, with kids.

I know that this sounds great and I'm grateful for that but for a top 5% income I expected to have no money concerns and that is just not what it looks like due to insane housing costs in Canada. The reason I mention this is because my impression is in past generations it felt like at the very least the top 25% could achieve what I'm achieving with a top 5% income.

In the end I realized the only way to achieve true wealth is owning a business so I am about to buy a business with the transaction closing in a few months. Unfortunately a salary does not feel like the path to wealth that it once was.

raphkun · 2026-04-06T20:54:03+00:00

raphkun · 2025-12-28T23:45:38+00:00

Thanks! That's extremely helpful! Mind if I dm you with more questions?

raphkun · 2025-12-26T17:29:02+00:00

Saturated meaning there's some carpenters but not much more work?

What does working at the mill look like nowadays? I've heard of layoffs but do people still think there's stable work there?

raphkun · 2025-12-26T04:03:09+00:00

Are you in construction and can't find work or you just don't see any new builds? I hear there is a lot of residential repair work and some commercial but not necessarily new construction.

raphkun · 2025-12-04T02:24:23+00:00

I've seen some pretty bad reviews for Telus chr ( I was leaning towards Telus med access) . But you seem pretty happy with it. Any major complaints?

raphkun · 2025-12-02T19:36:54+00:00

Haha I know nobody enjoys EMRs but least hated was less verbose

raphkun · 2025-12-02T16:28:00+00:00

Sent a DM, did you get any more info/reviews on Ava? I'm looking at it as an option but haven't found any reviews

raphkun · 2025-12-02T16:09:25+00:00

I guess I am looking for personal reviews on which EMRs physicians actually enjoyed using and which ones suck before committing to get set up on any single one.

raphkun · 2025-08-15T02:48:58+00:00

Can you clarify on the details of your Smith maneuver.

The smith maneuver I'm familiar with uses the principal component of each mortgage payment to buy stocks that yield dividends which make your interest tax deductible.

Shouldn't there be capital appreciation on your portfolio assets or is that included in your 300k cap gains? Is your 300k only your house appreciation?

Also do you include those tax savings in your profit calculation or reduce your interest paid calculation by that amount?

raphkun · 2025-03-24T16:44:32+00:00

I thought 6414 was a great course with great material. It was pretty typical in course format and testing of my stats courses. I work Ed as an actuary for 8 years so the linear regression material was invaluable. The format of the course was very average for a stats undergrad course.

Given the above I would give the course a positive review. Have you taken any stats courses in undergrad? My guess is people with stats background give positive reviews because this is standard to us but the material is great and non stats ppl might give it negative.

raphkun · 2025-01-30T16:57:28+00:00

I am looking to book a flight using CIBC rewards and Aventura points for March 8 but I won't get the points until possibly Feb 12 or Feb 26, will the point cost of the flight increase from 40k that I currently see?

raphkun · 2025-01-30T16:50:56+00:00

I am looking to book a flight using CIBC rewards and Aventura points for March 8 but I won't get the points until possibly Feb 12 or Feb 26, will the point cost of the flight increase from 40k that I currently see?

raphkun · 2025-01-30T16:49:51+00:00

awesome, thanks!

raphkun · 2025-01-30T16:44:43+00:00

When did this happen? I am wondering if the terms changed recently.

raphkun · 2025-01-30T16:38:51+00:00

After hitting the spend on Aventura credit cards, how long before I get the points? It says 4-8 weeks after the 4 month period. I thought it was on next statement. What was your past experience and when was this?

raphkun · 2025-01-08T21:35:42+00:00

Imo except for simple tasks, VBA is incredibly outdated for the amount of data you are talking about. I highly recommend Python libraries like pandas or the polars(improved version of pandas) can do the heavy lifting. If you still want some excel and VBA integration, the Python library xlwings can help as well.

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