Just started working after getting out of grad school and my biggest money win has been setting at least 15-20% to invest. Living in Toronto is hard but having a rule to myself is a win
Great video guys! I don’t live in Canada but still get a lot out of these videos. This year, I maxed out my Roth IRA again and reached a net worth of 40k as a 19 year old!
Paying yourself 63k, investing 30k, and FHSA 8k, how are you guys living on 25k/yr including all your fixed expenses. Have to assume no car/insurance, cheap rent, and not much for entertaining or travel.
Technically, they make 90K each gross per year (before taxes) which is a really great salary (for a 3-year-old business that's even more impressive). ~35-37K per year in savings and investing would be a tough number if you were a single 20-something in Canada with just a 9-5 job (and a car, rent, entertainment/travel-filled life)
We broke down all of our expenses in our previous RUclips video 😊 We do have cheap rent and no car, yes! We live in the city, so no need for a car, and we’ve intentionally stayed in our same apartment for the past 6.5 years to keep the cost that low. We’re as intentional as possible with our expenses so that we can invest as much as possible right now, but we do a lot of things fun entertainment and fun 😊
Your achievements are pretty incredible !! At my age, I'm very late at entering the saving/investing game, and even though my numbers are low, it still feels good to finally get started. 50/50 Savings/Investing may not be the best approach, but ya gotta start somewhere and you can't put all of your eggs in 1 basket. If anybody else is in the same boat, let us know :)
This is awesome and motivating. This is my first year working fulltime in canada. It is hard to remain consistent and set effective systems. I have reached my goals but it was not smooth and resulted in a substantial pull back this festive season. I appreciate the transparency. It helps you see that being organised and systematice with the budget is possible. Wonderful seeing your synergy as a couple towards goals.
Steph, congrats on the $0 uber eats! We often keep costco's meatballs and lasagna on hand for easy meal building blocks when needed. Holiday cooking competition coming up Den vs Steph? Each develop a 1 week menu. Cost of menu, taste of items, health value, and time to prepare. 😊 Dennis, congrats on maxing out the TFSA! Now it should be easy to maintain the yearly contributions for TFSA and FHSA. (No rush on buying a home.) Definitely would be a great video series to discuss 16-26 money journey. I find that is a missing decade in a lot of financial discussions except to say, "What if you started saving for retirement at 18?"
The ‘no uber eats’ challenge is a big one. I and my husband have also started cooking more recipes at home and we are also tracking our expenses to see exactly how much we are saving every month. Could you please make a video in the future on ‘tips to save money’. Thanks and Merry Christmas
Do you guys take official time off? Like give yourself two weeks vacation a year? I understand it’s different as entrepreneurs but it’s like you’re always working
We usually don’t have set time off, no - but when we have something planned, we have the flexibility to work around it! We’re actually going to be on a trip with Dennis’ family over the next few weeks, and we did a lot of work in advance so we can enjoy it 😊
They already did in a different video. 😊 I believe the video said they collectively spent 67000 of the 140k of collective gross earnings. It has a full break down.
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What was your biggest money win of 2024?! Let us know! 🥳
This year we saved 8K for starter emergency fund, paid down 10k of debt and paid for vacation and xmas in cash. Next year we are focusing on debt.
Just started working after getting out of grad school and my biggest money win has been setting at least 15-20% to invest. Living in Toronto is hard but having a rule to myself is a win
My biggest money win this year was reaching 100k networth!!
🥳🥳🥳 That’s huge - congratulations!
Vaow !
I love the fact that you guys are so discipline.
🙏🏿🙏🏻 we definitely try to be!
Great video guys! I don’t live in Canada but still get a lot out of these videos. This year, I maxed out my Roth IRA again and reached a net worth of 40k as a 19 year old!
Paying yourself 63k, investing 30k, and FHSA 8k, how are you guys living on 25k/yr including all your fixed expenses. Have to assume no car/insurance, cheap rent, and not much for entertaining or travel.
Technically, they make 90K each gross per year (before taxes) which is a really great salary (for a 3-year-old business that's even more impressive).
~35-37K per year in savings and investing would be a tough number if you were a single 20-something in Canada with just a 9-5 job (and a car, rent, entertainment/travel-filled life)
We broke down all of our expenses in our previous RUclips video 😊
We do have cheap rent and no car, yes! We live in the city, so no need for a car, and we’ve intentionally stayed in our same apartment for the past 6.5 years to keep the cost that low. We’re as intentional as possible with our expenses so that we can invest as much as possible right now, but we do a lot of things fun entertainment and fun 😊
Your achievements are pretty incredible !! At my age, I'm very late at entering the saving/investing game, and even though my numbers are low, it still feels good to finally get started. 50/50 Savings/Investing may not be the best approach, but ya gotta start somewhere and you can't put all of your eggs in 1 basket. If anybody else is in the same boat, let us know :)
It sounds like you’re doing great! It’s never too late 😊
This is awesome and motivating. This is my first year working fulltime in canada. It is hard to remain consistent and set effective systems. I have reached my goals but it was not smooth and resulted in a substantial pull back this festive season. I appreciate the transparency. It helps you see that being organised and systematice with the budget is possible. Wonderful seeing your synergy as a couple towards goals.
Steph, congrats on the $0 uber eats! We often keep costco's meatballs and lasagna on hand for easy meal building blocks when needed. Holiday cooking competition coming up Den vs Steph? Each develop a 1 week menu. Cost of menu, taste of items, health value, and time to prepare. 😊
Dennis, congrats on maxing out the TFSA! Now it should be easy to maintain the yearly contributions for TFSA and FHSA. (No rush on buying a home.) Definitely would be a great video series to discuss 16-26 money journey. I find that is a missing decade in a lot of financial discussions except to say, "What if you started saving for retirement at 18?"
The ‘no uber eats’ challenge is a big one. I and my husband have also started cooking more recipes at home and we are also tracking our expenses to see exactly how much we are saving every month.
Could you please make a video in the future on ‘tips to save money’. Thanks and Merry Christmas
That’s great! We’re so happy to hear that 🥳 and thanks for the suggestion!
Merry Christmas 😊
My goal going into 2024 was to increase my savings/investments, which I did by about $30k :) thanks for the great videos!
That’s amazing - congratulations! 🥳🎉
invested around 36,000 this year! also passed 325k net worth. happy new year guys i love ur content
Congrats, that’s huge! Thank you + happy new year 😊
These highlight reels are great, you guys are really living the good life. Keep them up :))
Thank you so much 😊
Congratulations on your great success!
Thank you so much! 😊
Do you guys invest corporately or only in personal accounts? If so, that would be an interesting video.
Only personal accounts right now 😊 but when that changes in the future we can talk about it in a video!
Do you use excel doc for your budget tracker
It’s a Google sheets doc 😊 but you could also download it as an Excel file!
Love this❤ can you do a video on your free budget template? How it works, short cuts
Thank you! We send out an instructions video with the budget template that walks through how it works with examples 😊
Time is flying by! Feels like it was only last year that you started your self employment path!!
I know right?! It really does feel like it’s flying by!
Happy holidays guys ❤❤
Happy holidays! 🙏🏿🙏🏻
Where do we sign up for your course?
You can sign up on our website on December 26th! www.stephandden.com 😊
Nice video. Would love if you can explain what do you mean by "Bonus"?
Do you not pay taxes on the 10k bonus
$10,000 is the post-tax amount 😊
What is it you guys do as self employed now? Always enjoy the videos
Thank you so much!
We post personal finance content online 😊 including RUclips and other social media platforms!
Do you guys take official time off? Like give yourself two weeks vacation a year? I understand it’s different as entrepreneurs but it’s like you’re always working
We usually don’t have set time off, no - but when we have something planned, we have the flexibility to work around it!
We’re actually going to be on a trip with Dennis’ family over the next few weeks, and we did a lot of work in advance so we can enjoy it 😊
For Better 2025🥂
🥳🥳
Please show us your monthly break down on how can you achieve 2000 dollars investment a month
They already did in a different video. 😊 I believe the video said they collectively spent 67000 of the 140k of collective gross earnings. It has a full break down.
Yes, check out our previous RUclips video! 😊
I want to invest more but I also love traveling and eating😅
You didn’t even say what your business is or where your income comes from 🤣
RUclips, TikTok…social media basically.
We do mention this in the video! We post personal finance content online 😊