I want to take a moment to address something and share my story again. In my last post I mentioned becoming a millionaire by 30. @crbmoney commented saying it’s impossible to reach that level without help. So this post is for that question and for any new followers who don’t know my story. In 2016 I got hired by the RCMP at 21 years old before I finished university. I started working when I was barely 22. I had maybe 6k to my name. Instead of staying in Vancouver, I got posted to a small town in Saskatchewan with about 3,000 people. Talk about culture shock. Instead of complaining, I put my head down and worked. Overtime shift after overtime shift. By the end of my first full year after field training in 2017, I made $106k. I was 23 years old making over $100k. Saving around $3700 per month. But instead of spending it, I lived with two roommates in an already cheap small-town house and saved aggressively. I maxed my TFSA every year, maxed my RRSP every year, and spent my spare time listening to finance podcasts and reading books. From 2018–2020 my income with overtime averaged $120k–$135k. I kept a high savings rate and by 24 years old I saved my first $100k. In 2018 I also got married. My wife and I became DINKs (Double income no kids). We paid off her student loans and with double income and zero debt we saved about $8k–$9k per month together. During COVID, when there was nothing to do except work, we saved over 82% of our income. Fast forward to late 2021. I was 27 years old with $284k invested and a $100k down payment ready for our first home. That was also the year our first child was born (and yes, I maxed out his RESP). Then 2022 came and the market entered a bear market. Even so, we kept investing. By 2023 we had $307k invested despite the market downturn because our contributions stayed high. Around this time I transferred to another town in Saskatchewan — population about 6,000 (they call it a city here lol). In 2023 my wife stepped away from full-time teaching and began subbing to be home with our son more. Our income dropped significantly. But with over $300k invested, the bull market started. My income increased to avg 140k/yr with on call hours. I kept investing $3k–$4k per month while still working overtime and on-call hours. By January 2024 we reached $454k invested and welcomed our second baby 👶. By December 2024 we became Millionaires (Age 30) By January 2025 we reached $656k invested, thanks to consistency and the bull market. My wife now barely works, because we love our time with kids and our net worth continues to grow faster than before. In 2026 our investments crossed $840k at the peak. The house we bought for $345k in 2021 is now worth close to $600k based on recent sales in the neighborhood. Oh also mentioning its a 5 bedroom, 2 garage, large back yard house, 3 floors (sask housing prices haha) Current numbers: • $800k+ invested • $600k house value ($172k mortgage remaining) • $29k in RESPs for our kids • $24k in Wealthsimple chequing • $17k emergency fund • $20k set aside for extra mortgage payments • Two paid-off vehicles Total net worth: over $1.5 million at 32 years old. So to answer the original question: No inheritance. No financial help. Just working overtime, living in a small cheap town, saving aggressively, and investing consistently. It wasn’t easy and most people won’t choose to live this way early on. But now my wife doesn’t have to work, I barely work overtime anymore, and our investments are compounding hard. Ive also helped my sister, dad, sister in law and....mother in law start investing. Work hard early. Live below your means. Invest consistently. It pays off. Peace ✌️ Will
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96 Comments
MB @mbfamilyproject · 6mo
saying its impossible is quite pathetic and says a lot about jealousy and ignorance.
Chris @crbmoney · 6mo
Great story @williamwang23, if you’re going to direct it at me personally try to get your facts straight officer, I never said it was impossible, I asked what your starting point was. 🙄 congrats on your success
Canadian Investor@canadianinvestor · 6mo
Perception matters It does take sacrifices and many people are not willing to live the lifestyle that creates this outcome. That said luck always plays a factor Things completely outside of our control like where we are born, who our parents are ect play such a huge roll in our potential outcome. One person journey cant be compared to another person's but your choices have a massive impact on outcomes. Attributing success or failure only to luck isnt good but its also not genuine to attribute success only to hard work and sacrifice when many things that line up ultimately create success. For instance you could have been posted to a high cost of living area where you dont end up meeting your wife and to totally discount that and only attribute your success to hard work and sacrifice isnt being complete correct either We dont know how your life would have looked if your influence and geographic area were completely different Perception
Fraser McGuire
@frasermcguire · 6moEdited
It’s a great reminder of what happens when our good choices are multiplied by fortunate circumstances beyond our control. You did a lot of heavy lifting to get where you are. Working your 20s away is difficult to do! 👏 The RCMP did you a solid by posting you in the middle of nowhere. How would have things turned out if you were posted in the lower mainland? That coupled with a historically raging bull market over the last 10 years? Housing in your area has boomed in the last few years while BC has declined sharply. If you’re being totally transparent then it’s also important to acknowledge the luck involved as well. I can relate to your story, but because I’m basically a decade older, our conditions were very different. It was 2008 when I turned 22. No job prospects, stock market in shambles. Went to grad school in Toronto as it was one of two MA Criminology programs in the province. High cost of living, no income and financial support = debt. Thankfully, when I went to apply for policing at age 30, Toronto was a hiring freeze and I returned to my hometown in London in 2017 (before the housing market took off). My life and finances would look a whole lot different if I stayed in expensive Toronto. .
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