Choose wisely your province / territory. And wait 15 years to reach that.
Well in Ontario the experience cap is hit at 10 years.Choose wisely your province / territory. And wait 15 years to reach that.
Indeed... maybe it's time to consider limiting investors to new builds. This would increase the supply of homes overall, as well as prevent the removal of supply from the resale market.One thing we don't talk about enough is how real estate investors in Canada eat up the supply of homes, often by using debt (made possible by low interest rates). These are people who own several homes, NOT because they need a place to live, but because they want investment "returns".
Instead of getting those returns in stocks, bonds or GICs, they borrow money and pile into real estate, driving up the prices of everyone's homes and also removing houses from the available supply:
What are thoughts on Real Estate, specifically rental properties in these bizarre markets? I am sitting on 3 properties in BC that bring in around 8% ROI of the original purchase price. Now though, because of property value increases and rent controls, my actual "cash flow" return is closer to...www.canadianmoneyforum.com
Boo hoo, the average Teacher income in Ontario at 80k is 30% higher than the median Canadian FAMILY income.
I doubt he would be qualified but even if he was would the Thames Board hire him.I was unsure when you said "sign me up", so I guess you'll change job soon and tell us your experience as a teacher because you seem very interested.
Career change at this point is tough, and not worth it.I doubt he would be qualified but even if he was would the Thames Board hire him.
Maybe after being on the supply list a few years they might give him a chance.
You'd think.I think people overlook that. I'm wondering if one of the effects of COVID and home-schooling, parents will be more appreciative of what teachers have to go through.
I think it's part teachers, part government, but mostly teachers union leadership causing ****.You'd think.
Unfortunately, there are people who think that school closures are because teachers are lazy.
My observation there is a small pocket of people that really can afford all of their stuff and have it all materially. There is a group of people that make choices to be more material at the expense of savings, they instead of using their money to invest, they do it on what I call expensive lifestyle choices. They are able to get the material things due to the ability to have payments or at the cost of not having any savings for the future. Then there is a group that is just living the high life they cannot afford.
There is a lot of debt out there, and there are also people who are blowing their entire (huge) paycheques every month on expensive lifestyles. Even if someone is not massively in debt, they might be spending all their money.I find it hard to believe that everyone is just carrying debt. Even if they are, how do they keep up with it? How do they even get approved?
To me, financial wealth is simply your net worth."Wealth is the money you have not spent yet."
I agree with what you're saying here, but the point made by that guest was that the impressive things that you see others displaying (like fancy cars) is NOT their wealth. Someone's wealth is invisible.And I do want to be a millionaire to spend that million. Why else would I want to be a millionaire?
Is this really enough? At a 4% withdrawal rate, that would generate 40K before taxes are considered. Does that pay all your living expenses?Give me $1M and I retire tomorrow.
I agree that wealth is invisible. Some guy may not have fancy clothes nor fancy cars and be very wealthy. Some guy driving a Ferrari could hide huge debts making him poor.I agree with what you're saying here, but the point made by that guest was that the impressive things that you see others displaying (like fancy cars) is NOT their wealth. Someone's wealth is invisible.