View Single Post
  #15  
Old 02-21-2021, 11:45 AM
Homesteader's Avatar
Homesteader Homesteader is offline
 
Join Date: May 2008
Location: West of Edmonton
Posts: 2,284
Default

Have you seen a 10yr return on MEG lol.

I’m not a great investor. Simple rules I’ve learned that work for me.

I don’t worry about what percentage I can save. Anything I have that’s surplus to paying my operating costs goes into some form of savings. If it’s not in my regular account, I don’t feel like blowing it.

Save money where you can and spend it on what works for you. For me that means I didn’t have a huge cell plan, cable package, Starbucks etc. I do have more shooting irons then the average bear. I’ve been very fortunate and had a good start, and a solid career.

I always wanted the debt payed down first, now a days I’m not sure that’s sound advice. Utilize your TFSA amounts. Some will say no to RRSP’s, but I think they are good for the working man.

Can’t really give you more advice then that. Read lots. If I don’t understand it, I definitely won’t invest any serious money in it. Good luck.

PS, I see I also type too slow
Reply With Quote