21 күн бұрын
Пікірлер
@FIRE_DrNinjaTurtle 3 сағат бұрын
I am at 60% so far this month but my goal is 70% for the year.
@stephandden 2 сағат бұрын
That’s amazing! 👏🏿👏🏻 Do you typically save/invest the same amount every month?
@FIRE_DrNinjaTurtle 2 сағат бұрын
@ I tried for 70% in 2024 for the first time and only made it to 40%. I am trying again in 2025. 😁. I am retired and financially free, but I started a lot later than you two.
@stephandden Сағат бұрын
That’s a great goal! And congrats, that’s an amazing accomplishment 🥳
@FIRE_DrNinjaTurtle Сағат бұрын
@ I send many young people to your channel. I regret not having my life together like you two at your age. I still got there, I just played a lot of catch up 😁
@ngnatural 4 сағат бұрын
Could you please do a video on how putting money in your RRSP can be a tax deductible and how much of that money can be used each year?
@stephandden 20 минут бұрын
We definitely can! We plan on making a few different RRSP and retirement account videos within the next few months 😊
@itsmadisonclare 6 сағат бұрын
Budget!
@stephandden 6 сағат бұрын
Here’s the link 😊 stephandden.com/free-budget-template/
@user-or9sr1wd3w 6 сағат бұрын
Budget!!! Love your template
@stephandden 6 сағат бұрын
Here’s the link 😊 stephandden.com/free-budget-template/ Thank you!
@marieke-2736 9 сағат бұрын
How large is the emergency fund you keep? I'm still working on building a 9month+ emergency fund, and investing a 100 euro month just to get started.
@stephandden 19 минут бұрын
We keep about $10,000 in ours (each) - it’s about 5-6 months 😊 That’s a great goal!
@dorotheaurelio 13 сағат бұрын
I went to a wedding in Oahu, and it was way more than this. Of course if you were really cheap about it and got a motel, that could save you $1k but everyone spent in average $3500. At least you’re in a whole different county, different continent.
@stephandden 19 минут бұрын
Thank you for sharing! 😊
@LuchelleSartain-i1t 13 сағат бұрын
Budget
@stephandden 6 сағат бұрын
Here’s the link 😊 stephandden.com/free-budget-template/
@2Ajosh 17 сағат бұрын
Can I ask invested where?
@stephandden 17 сағат бұрын
We invest in passive ETFs 😊
@saratakkoush6109 17 сағат бұрын
Awww girly i feel you.. i only allow myself to get uber eats when im sick.. otherwise i'm trying to live the ingredient life. I was shocked when my friend ordered cookies on uber eats like it was nothing.
@stephandden 18 минут бұрын
That’s a great way to do it! It really does get expensive, especially when you’re ordering snacks!
@vanillacoke8981 18 сағат бұрын
Are you guys incorporated? Wouldn’t it be better to invest inside a corporation and avoid paying personal income taxes?
@patrickdaigle996 19 сағат бұрын
I have more in investments but not nearly as much as you guys 😅 I did also invest a part of my emergency fund (I know I know) It's invested in my TFSA, I keep some of it liquid, and risk some of it so it can grow overtime, and if I ever need it I can sell those stocks and have that liquid within 7days in which time I can use my credit card then pay it off when it liquidates.
@saratakkoush6109 19 сағат бұрын
How do you not worry about investments losing their value? I put all my tax returns into a Canadian dividend index fund (in my tfsa) and it's been up and down.. and it scares me
@MFTW 19 сағат бұрын
Investing!
@stephandden 19 сағат бұрын
👏🏿👏🏻
@sherry240687 20 сағат бұрын
Hi My money plan is here for 2025, I have $6200(post tax and employer Roth 401K) , I am investing 700$ per month before I get paid. Planning on spending $3400 towards my monthly fixed expenses and saving contributions $ 800, and investing with fidelity $1400 and $ 600 for happy spending buckets. We have 2 kids so we go fun weekend every other week. Thankful for no credit card debt this year. Paid off $24k last 5 years and built 3 months emergency fund. Really grateful to God and all of you guys for motivation.
@stephandden 17 минут бұрын
That sounds like a great plan 😊 Love that you have a fun weekend every other week! And congrats on paying off all of that credit card debt 👏🏿👏🏻 Thank you for sharing!
@blackchickadee1 20 сағат бұрын
Coffee and pastries are a must have with my budget too!
@stephandden 17 сағат бұрын
An important part of the budget for sure! 🥐☕️
@SarinWorld 20 сағат бұрын
budget
@Msmelissa-u1w 20 сағат бұрын
I always suggest reinvesting, if you have to live off dividends on ETFs or earnings in retirement.
@laurenmorse4532 20 сағат бұрын
Great video I found it very helpful as I’m thinking about getting started using wealth simple. Do you have any videos showing how to withdraw funds from your accounts. Say maybe from your cash account to your everyday credit card ? Or from TFSA to a savings account account held at a different bank
@edanparker9273 22 сағат бұрын
do yall plan to buy a property someday? would love to hear more about your long term financial goals, family planning etc
@stephandden 21 сағат бұрын
One day, yes! We can do another video on this soon, but in the meantime we have a few videos on our channel that talk about this 😊
@sherry240687 22 сағат бұрын
I have more money in investments.
@stephandden 21 сағат бұрын
Thank you for sharing! 😊
@brian6811 22 сағат бұрын
5% Savings and 95% invested so far. Investing is addicting.
@stephandden 21 сағат бұрын
It really is! 👏🏿👏🏻
@heidiadlgostar5151 23 сағат бұрын
Where do you invest?
@stephandden 23 сағат бұрын
We use Wealthsimple’s self-directed platform 😊
@emoney822 23 сағат бұрын
You didn't disclose your investments let me guess it's in Bitcoin or xrp
@stephandden 23 сағат бұрын
Check out our channel - we talk extensively about our investments 😊 We also only invest in passive ETFs
@Lisa-ui2tv Күн бұрын
Very well done. We are proud of you young man
@stephandden Күн бұрын
Thank you so much 🙏🏿😊
@stevendrysdale1910 Күн бұрын
So grateful to be apart of your journey! I first found your channel years back when I was looking to change my Wealthsimple managed account to 100% equity… now that almost feels like a lifetime ago 🤣 keep up the good work you two!
@stephandden 22 сағат бұрын
We love to hear that!! Thank you so much 🙏🏿🙏🏻 And that feels like so long ago to us too!
@candaceyoung7498 Күн бұрын
Would you guys ever take out an investment loan to invest a large portion at once?
@stephandden Күн бұрын
Are you referring to taking on debt and investing that money into the stock market? 😊
@candaceyoung7498 20 сағат бұрын
@@stephandden Yes exactly!! I was advised to do this recently and was wondering if it would be a good move to make up for lost time
@stephandden 6 сағат бұрын
Good question! 😊 In this case you’d be attempting to find an edge, or something that can speed up the wealth creation process. Using debt as leverage has worked out for some, but it’s also burned a lot of people in the process. Focusing on maintaining a consistent investing strategy, and on how you can increase your income over the long-term (to make up for ‘lost’ time), will likely yield more favourable results without the added risk of borrowing. Personally, we would never take this approach.
@candaceyoung7498 2 сағат бұрын
@@stephandden thank you so much you guys are the best always have great advice!
@charletfoster8917 Күн бұрын
With these plans, your financial futures are very promising-I’m inspired👏🏿👏🏿🙏🏿😊
@stephandden Күн бұрын
Thank you so much! 🙏🏿🙏🏻
@barcaragu Күн бұрын
my emergency fund is with WS cash account getting 2.25% interest right now.. what do yo guys use?
@stephandden Күн бұрын
We’re using Wealthsimple Cash right now, too! We’re going to do an updated ‘Best High Interest Saving Accounts’ video soon though, with more options and all of the current rates available 😊
@sarah08107 Күн бұрын
I have more in investments right now, but aiming for it to be closer to 50/50 by the end of this year. My partner and I will be planning a wedding and looking to buy a home in the next two years (or so- hopefully🤞🏽)- so I’m wanting to save more than invest for that near term!!
@stephandden Күн бұрын
That’s so exciting! Those are definitely big purchases to save up for 😊 it’s interesting how life phases impact how much you save vs invest over the short term!
@DaveDoesFinance Күн бұрын
More in investments! (down payment on our first house really sped up that process😂)
@stephandden Күн бұрын
Hahaha, that makes sense! Very exciting though! 👏🏿👏🏻
@baileyzamorsky1951 Күн бұрын
BUDGET
@stephandden Күн бұрын
Here’s the link 😊 stephandden.com/free-budget-template/
@louisheidi4682 Күн бұрын
Why wealthsimple? Does it not make more sense to do norbits gambit on questrade and buy the USD ETfs
@stephandden Күн бұрын
If you’re planning on purchasing US listed stocks and ETFs, it’ll probably make more sense to just do that on a platform like Questrade (assuming you’re using Norbert’s Gambit). 😊
@louisheidi4682 Күн бұрын
@ thanks! Would be cool to see a breakdown video of that. Right now i just do the questrade way instead of wealth simple but maybe its cheaper to have a wealthsimple USD account🤔
@BlackBerryTrees Күн бұрын
Hiii okay new here so no idea if you guys plan on kids in the future or not, but for kitchen bowls I really recommend wood or stainless steel instead of glass, these are more likely to last your whole lifetime rather than glass ones
@stephandden 21 сағат бұрын
Thank you so much for this tip! 😊
@nomadicvibesofelle Күн бұрын
I have more in investments
@stephandden Күн бұрын
Thanks for sharing! 😊
@SheDetective Күн бұрын
Budget!
@stephandden Күн бұрын
Here’s the link 😊 stephandden.com/free-budget-template/
@Lau3464l Күн бұрын
I have more in investments than savings, but still working on building my emergency fund. Becoming a homeowner made that much more challenging, to have 3-6 months of all expenses available in savings, so I haven’t been able to add to my investments since buying my home, but once my emergency fund is sorted, I’ll get back to it. Grateful that I started investing as a renter so I can at least have that money grow in the meantime!
@stephandden Күн бұрын
We love to hear that you're working on building your emergency fund - and great point, that's why we want to invest as much as possible when we have the ability to (ie. while we're renting and don't have high fixed expenses). Thank you for sharing! 😊
@SherwinDSouza-artchannel Күн бұрын
Nobody is thinking of buying a home. It's too expensive
@josephineburke1962 Күн бұрын
Congratulations!!!!
@stephandden Күн бұрын
Thank you!! 😊
@berenicei.7283 Күн бұрын
Thank you SO much for your help here
@stephandden Күн бұрын
Of course! 😊
@thomasthetans 2 күн бұрын
And this here folks is why you hear about toxic work places and scandals.
@catg714 2 күн бұрын
I'm new this.. and I'm old.. but I'd like a chance to invest and grow before I fully retire! I'd like to know more about investing US$.. I have some US cash.. I'd like to invest and grown it.. I'm not like that it sits in a safe doing nothing.. does not serve me really...
@Joshuarichardkirby 2 күн бұрын
Let’s hope your one etf you chose doesn’t go down? What about Diversification?
@stephandden 2 күн бұрын
The one ETF is diversified - it’s made up of thousands of stocks, across multiple global markets and includes multiple industries / sectors 😊
@garysanchez3155 2 күн бұрын
2:40 is wrong. you paid an opportunity cost of $500k but the fees you paid are much lower. the fees you’d have on your statement wouldn’t compound so much of that $500k would never “exist”
@godsamongmen8003 2 күн бұрын
I've never understood this attitude. If she actually does get her work done, and done well, who cares about being late every morning? Would the boss prefer someone who shows up on time and sucks a the job? I know the answer already, I just hate it.
@BSlayer21 3 күн бұрын
This is the video I needed today. I’ve been struggling lately to transition from individual stocks holding to more of a satellite approach. Your experience really helped. Thank you.
@Lathomusic 3 күн бұрын
Budget
@stephandden 3 күн бұрын
Here’s the link 😊 stephandden.com/free-budget-template/
@rickmiles5297 3 күн бұрын
Sadly if my family knew I had 100k, I wouldn't have 100k
@kimberlyparker2704 3 күн бұрын
Budget
@stephandden 3 күн бұрын
Here's the link 😊 stephandden.com/free-budget-template/
@johnconnor4094 3 күн бұрын
Sooo…. Self assessments and other things are just ways for your employer to know who to layoff first or who not to give raises to….. gotcha. In other words, dont do self assessments
@Ego-Kills 3 күн бұрын
Wow! You guys are great teachers. Better than many bank advisors. Anybody can gain knowledge but teach needs talent because teaching is an art. Thank you
@stephandden 3 күн бұрын
Thank you so much - we so appreciate this!