How Much Money I've Saved, Invested & Total Debt at 29 Years Old

[@stephandden]

What are you focused on right now - paying off debt, saving money, investing (or something else)? Let us know! 👀

[@ashleynorthover5084]

Investing 🤑

[@stephandden]

👏🏿👏🏻

[@ReadyRyan]

Currently investing, but im debating whether i want to continue for the year or start putting lump sum payments towards my mortgage 🤔

[@HouseOfBurgz]

All 3 all the time!

[@keolumford3547]

Well said at the end👍🏾

[@sammyabbas5305]

Congratulations! You’re doing so great!

[@stephandden]

Thank you so much! 🙏🏿

[@eiwagarciabrito495]

I’m paying debt off and it sometimes feels like I will never pay it all off. 80% of my income is all going to debt. This makes me feel like hopefully soon I’ll be able to save and invest. 🙏

[@stephandden]

You’re not alone and you’ll definitely get there. I felt the exact same way at times - keep going. 🥳👏🏿

[@eiwagarciabrito495]

@ aw good to hear. Thank you for letting me know 😩😭🙏

[@oliviaherzog6755]

I am a teacher and have a DBP and I am still investing in my own accounts for retirement and the long term!

[@stephandden]

Love that - future you will be so blessed. 😊

[@J.FamGuy.M]

Den solid video to show people a snapshot overview of your last decade. Here's what I got from it. 1) Know what you want, 2) Plan ahead, 3) Keep growing your knowledge/experience, 4) Adapt the plan. The advice I give those a decade younger than me is to "save/invest the difference" once your high debt is paid off. You use public transportion and rent so those are easy examples. Say the dream is to have a car in three years. Before someone buys a car, put the costs into the budget (20% down/paid off in 3 years/and less than 8% interest). Then check for blindspots. My wife wants a bigger house on a 5 acres. We are already doing some rough calculations: direct costs and indirect costs (higher emergency fund, gas, etc). Saving/investing with a dream that has been anchored to real numbers helps us to load our plate with what we can swallow. We have realized the blessings of staying in our current home for the short-term, but the dream is there to reach towards. Like you said, "We can have ANYTHING but not EVERYTHING."

[@stephandden]

Fantastic breakdown! We especially love the ‘anchored to real numbers’. Also, thanks for sharing - we want to be as transparent as possible so that we can all reflect. 😊

[@taylorgarrett191]

Currently saving for my next property! 32 years old and currently own a house that I "house hack" out the basement on Air BnB. Currently have 100K in my Wealthsimple portfolio, $90K in my work pension, and about $100K in crypto, with no debt outside of my primary home mortgage. Looking to buy another property and then rent this full house out on Air BnB. Love the transparency! Helps to stay motivated. Cheers guys

[@utube4661]

where abouts in GTA? neighbourhood? first and second properties

[@taylorgarrett191]

@@utube4661 not in GTA. In Saskatchewan

[@utube4661]

@@taylorgarrett191 Is it good to invest there? Do you have a detached in Regina, Saskatoon?

[@taylorgarrett191]

@@utube4661 so far, so good! Been running the property for 2.5 years. Our property is right close to the main hospital in Regina so we get tons of travelling healthcare professionals and families.

[@stephandden]

You’re killing it Taylor! And we’re all on the journey - thanks for sharing. 🥳

[@sofiya4902]

Hey Steph and Den, your updated colander budget is still inaccessible through your website. It does not send a link to the template. How can we reach you for this?

[@stephandden]

Hey! Send us a message using our websites contact form. We’ll take a look and get you your template. 😊

[@sunbubblex]

Best KZbin channel!!!

[@stephandden]

Thank you! 🙌🏻🙏🏿

[@charlievaca9335]

I really appreciate you pragmatism! Makes me feel alright when I use savings for vacation lol

[@stephandden]

Sometimes, you have to choose the best of two not so ideal options lol. 😆 But, hopefully you’re able to replenish those savings quickly and aren’t doing this intentionally all the time.

[@davidpolanco5770]

Hey Den ,what do you think about this tariff ? Can you possibly make a video explain your opinion and what advice you can give us to prepare for the future.(what to invest,how much we should save)

[@stephandden]

Hey! In general, the tariffs are definitely concerning for the everyday person. We’ll likely see an increase in the price of goods again, alongside other results based on the retaliation from both sides. From an investing perspective - this shouldn’t affect your long term strategy, but we’ll see what we can share on the topic over the next few weeks. 🙏🏿🙏🏻

[@awesomekj5812]

29 with 101k NW is really good ....this will put you on coast fire soon so you can enjoy rest of your salary without worrying about contributing a single penny afterwards.

[@stephandden]

That’s true. In theory if I don’t add another penny I should still be well above that $1M mark come the traditional retirement age. 😊

[@ByHenryThinh]

What's your TFSA contribution limit?

[@stephandden]

$82,000!

[@ByHenryThinh]

@ Oh so you were born in 1995

[@fionajepkorir5763]

Is this breakdown in USD or CAD?

[@stephandden]

It’s in CAD, but it’s all relative. 😊

[@lazygoat-brawlstars5417]

Hey, your journey is amazing and i love these videos, although im pretty sure the max contribution limit for your FHSA should be 24,000 in the year 2025

[@stephandden]

It’s based on when you personally open your FHSA - I opened mine in 2024, so I have $16,000 worth of contribution room 😊

[@lazygoat-brawlstars5417]

Oh wow, i had no idea, i figured it was the same as the tfsa, see always learning things here!

[@James-zy3yb]

Can you guys make a video on your investment strategies heading into the trump tariffs. Just wondering if any of that will change?

[@stephandden]

Nothing is changing. 😊 For a lot of people, it might be worth looking into how much you’re contributing toward your investments as everyday items increase in price. Basically, your budget might be impacted as things get more expensive.

[@keolumford3547]

My question is how do I get liquid cash from these investments. I’ve been researching this and can’t find the answer

[@stephandden]

You would sell the investments you purchased and the proceeds from the sale would be cash. 😊 Keep in mind that if you’re in need of readily accessible cash, you should probably keep something like an emergency fund in a high interest savings account instead of investing that money.

[@keolumford3547]

@@stephandden again thanks

[@Legoatspookie]

How are you gonna post this when Luka just got traded bro!?

[@Porcelynnn]

😂😂😂

[@stephandden]

😂😂 love this ^

[@stephandden]

Also, we’re in some crazy times in the NBA…curious to see what else happens 🏀

[@keolumford3547]

Also what happens to the money if you stop investing and just let the money already in investments just sit there for a few years

[@stephandden]

The money will likely fluctuate depending on how the market is doing and you’ll also receive dividends (assuming you own investments that pay dividends) from those investments throughout those years. You should watch our ‘How To Invest Your First $1000 In The Stock Market’ video. 😊

[@keolumford3547]

@ thanks will do

[@keolumford3547]

@ thanks will do

[@therichbuddha3277]

Just add home owner to that list and you're set!

[@stephandden]

Thanks! 😊 I’m sure we’ll have that update at some point in the future.

[@ModernMoneySolutions-j1i]

Is it weird that I lack the confidence to talk about investing even though I've grown my investment account to 7 figures? I'm always afraid of one of my friends buying a stock because me and losing their money.

[@stephandden]

It’s great to be transparent, but you don’t have to share anything you’re not comfortable with. 😊 If your approach to conversations is transparent - then even the ‘smallest’ amount of info is helpful. Also, no one should be buying stocks based on your recommendations. Offering education is worth a lot more and far less risky than giving out stocks picks.

[@fasteddy3336]

I would not have invested your savings. That cash is for emergency. Do you think you’ll see the bus coming that runs you over? do you see the three guys that are going to mug you? What if disease that hit you out of nowhere and puts you in the hospital for six months? Being that you and Steph are not married, I don’t think she can make decisions for you. I’m not sure about Canadian law but in the US that’s a no no without assigned piece of paper. What happens when the market goes down 50% and the bus comes by? Just my useless opinion.

[@stephandden]

I did not invest my emergency fund - I explain that in the video 😊 I invested the additional savings that I had sitting there for a real estate purchase that I will no longer be making in the short term - it was always going to be invested

[@HouseOfBurgz]

Numbers! 🍊

[@stephandden]

🙏🏿🙌🏿📈

[@steveplays5408]

But u do thing and hacw nothing

[@stephandden]

What do you mean?