Oversized portfolio
Why chasing a "$2 Million Net Worth" isn't my goal (and why that’s completely fine) 💡👇
In the finance community, it’s easy to get caught up in the "maximize everything" mindset. Push for the $2M–$3M nest egg, squeeze every last penny out of a modest salary, sacrifice current happiness, and optimize until you’re blue in the face.
I used to think that way too. But at 42, working a solid full-time job and raising a family, my perspective has completely shifted. Living a good life now is far more important to me than stretching every single dollar just to hit an arbitrary multi-million-dollar number at 65.
Here is why hitting $2M isn't necessary for my plan:
Life Quality Today Matters: Squeezing every dollar out of a average salary to fund a lavish 70s isn't a trade-off I'm willing to make. Enjoying hobbies, DIY projects, and family time right now is worth far more than a larger investment balance decades later.
The "Pension + Real Estate" Reality: People forget that a liquid portfolio isn't the only piece of the puzzle. Factor in a Defined Benefit pension, CPP, OAS, and entering retirement with a paid-off roof over your head, and your required annual drawdown drops significantly. You don't need a $2M portfolio when your baseline floor is already covered.
Simplicity Wins: I'm transitioning from dividend-chasing to a simple, low-cost core-satellite setup (broad index ETFs + select high-conviction holdings). I keep fees non-existent, contribute consistently every month, and let compound growth do its thing without stressing over daily noise.
The Real Goal: Retirement isn't about being the richest person in the room—it's about financial security and freedom of time. If you can live comfortably, manage your expenses, and enjoy life on a normal income today, you’re going to be completely fine in retirement.
Stop comparing your journey to extreme outliers on social media. Build a sustainable plan, stay disciplined, and don't forget to live along the way. 🍁📈 My own opinion.
