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A 20-something nurse in pursuit of financial independence and early retirement.

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Highlights
My Recommendations for Canadian Bank Accounts

You must deposit at least $100 in your new Simplii account within 6 months of opening it and maintain that $100 in the account for at least 60 days. That’s the EQ Bank Plus Savings Account*! The EQ Bank Plus Savings Account gives you some decent growth for parking your cash with them. Because I like compartmentalizing my goals, I set up a separate account for the following with automatic fund transfers from my everyday banking account:

Bitcoins... Should I? Shouldn't I?

I’ll be honest when I say it does give me a bit of anxiety every time I hear about someone putting money into cryptocurrency, especially people I look up to. n’t have the mental capacity or bandwidth to watch my money rise and fall like a roller coaster… and still be rational enough to buy and sell individual stocks based on what the market is doing. A typical robo-advisor collects information from clients about their financial situation and future goals through an online survey and then uses the data to offer advice and automatically invest client assets. I like robo-advisors because they make it easy to start an account for small sums of money.

Strategies I'm Using To Get Through The Pandemic

My ‘food and groceries’ budget is atrocious… and the culprit being my frequent use of food delivery services such Door Dash and Skip The Dishes. I will be eating from my kitchen most of the time as well as ordering some healthy meals from meal prep companies for those days when I don’t feel like cooking (this helps with my fitness goals as well). If I didn’t have my nursing positions, I would be looking at other ways to make money such as food delivery services, doing grocery shopping for others, walking dogs, etc. It’s easy to give up when it seems like you’re in way over your head – when it feels like you’ve got more expenses than income coming in

What I'm Doing Differently With My Money Because of COVID-19

For one of my other properties that I share with a joint venture partner, we’re using this mortgage deferral to build a Contingency Fund for that particular property; in case tenants are not able to pay rent or some maintenance or repair need to be done to the property. Raise your hand if you’ve got a life insurance, disability insurance and/or critical illness insurance, health benefits and insurances for your home and vehicles set-up. It isn’t the easiest thing to sell properties quickly so having a life insurance will ensure my family are able to pay for the carrying costs of these properties if they are unable to sell right away. at it, it’s also a good time to re-evaluate your home, auto and/or rental insurances to make sure you’ve got enough coverage – not too much and not too little either.

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