Living without a mortgage has been great. I’ve been able to max out my RRSP and TFSA and now aggressively invest in my non-reg $XEQT position. I’ve taken 3 Caribbean trips since last August (and may be taking another one in a couple weeks 🤞) and have generally spent as I pleased on pleasure and experiences over the past year. A decade ago, I was just another random guy (I still am) excited and enthusiastic after reading Rich Dad Poor Dad. I took the $60,000 I had back then (that took me 6 years to save) and turned it into around $530,000 a decade later. The things I was, were willing to reach outside my comfort zone to expand my risk tolerance while being very consistent at working to invest my salary in increasing amounts. I could afford to take on any financial risk living that lifestyle. I took risks and reached outside my comfort zone knowing my work ethic (and the income it brought in by working so much) could cover financial loss and provide a continuous stream of money to invest with. I just repeated that cycle and eliminated the dumb financial decisions I was making for the ones I saw work. 🔄 Adults in their 20s will likely save 2-3 significant lump sums of money throughout that decade of their life. Being calculated and aggressive with those lump sums can make them compound very quickly. If you’re from the Montreal area, I’ll be hosting an in-person personal finance meetup in August, Facebook group in my bio!
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15 Comments
Alessandro @alejcanales7 · 3d
@nicholas1995@nettspend Wow haha wasn’t expecting that Appreciate the positive feedback 👊🏼 Comments like that show how people underestimate what they can achieve in 10 years time working 60 hour weeks investing aggressively There’s so much money in the world sucks to see people think so small missing out on so much of it
Leveraged Life@leveragedlife · 3d
Great Job!
Brady @bradydwy88 · 2d
Great post Alessandro. Reaching outside your comfort zone is where you grow. I'm trying to do this more in my life right now at 22.
Jonathon Millard@xitsmejdx · 3d
Glad to hear it bro! You do the things that others don’t, to achieve the things that others won’t 👍🏻 I always keep that in the back of my mind, and it gives me a reason to keep going. As you have proved, it works.
