Liberal Minority Government 2025 - ???

[Lumber]

It's called hard work, choices and sacrifice. The trick is to sacrifice yourself early and resist materialism and expenses at an early age.

I left home at 18 years old and joined the Armed Forces. I took the fairly typical path until I turned 27: spent more than I made, pissed my $$$ away on useless shit, racked up credit card debt, etc.

Then, something clicked in my brain, and I made a conscientious decision to change my ways.

My wife and I moved in to the smallest and crappiest apartments we could find, I paid off all debt and started accumulating cash. I then started investing....first you build a portfolio to $10k, that took a while... then you get to $100k. At $100k things become much easier and your money starts to work more efficiently.

You need to be constantly resisting the urge to splurge on useless crap: car loans, credit card debt, etc.

Once you have enough $$$, you can start buying stuff with straight up cash. I haven't financed anything other than a mortgage in about a decade. I actually have three separate credit cards but I pay them off every month and collect points and cash back with them. Cashback cards are the best. My cash back card pays me $1500 a year. I I use it for all my bill payments and then pay it off immediately, so it's a credit card that is literally making me $$$.

At certain point as well, your salary/income from work starts to become less important to your actual wealth. This is crucial because income earned from labour is super tax inefficient. The Govt takes a big piece of your pie so you need to create other wealth generating assets that allow you to keep as much for yourself as possible.


There are a tonne of opportunities out there. I left the CAF with 17 years of service and took a transfer value. I invested every single $ in accounts I manage myself because I figured I could do it better than the nanny state and I was absolutely right.

A very simple rule in investing is the Rule of 72:

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The S&P 500 long-term average is 10-12% annually. 72/10= 7.2 years to double in value.

I also found a career that nobody else is really doing that happens to pay incredibly well. It's a tough environment and is not for the soft but the cheques never bounce and I'm making fantastic money.

That brings me to my next point:

If everyone else is trying to do it, it's probably not a good idea and not going to lead to long-term success. I went to a few SCAN seminars and joined a few Veteran groups and I generally discarded most of what I was told. Things like "Coding for Vets", etc, isn't what's going to help you get ahead in this Country.

I treat money like a game now. I always loved strategy games and $$$ works exactly the same and the same concepts can be applied to dealing with $$$.

This is how you get rich in this Country.

Step 1: Convince your shopaholic and investing illiterate spouse to be frugal and save money.
Step 2: Find a new spouse.

 

[mariomike]

Step 1: Convince your shopaholic and investing illiterate spouse to be frugal and save money.
Step 2: Find a new spouse.

Step 3: Mary the boss's daughter.

I left home at 18 years old and joined the Armed Forces.

I joined the Department of Emergency Services when I was 18. I was already in the PRes. So, I stayed home.

Just like I never left high school.

Do your work. Live your life. GTFO the day you max-out your pension.

Times have changed. For example, there is no longer a maximum at OMERS. You can stay, and increase it, till you drop dead. If you want.

Another "new thing" is if Cumulative Mental Stress has worn you down, not a problem. They permanently place you into a new "suitable " Job Classification. Your pay, benefits, seniority etc. continue same as if you never changed your old classification.

There are a lot of smaller improvements in the Collective Agreement that we never dreamed of.

As for the Cost of Housing in this town, you can live where home prices are more affordable.

With our schedule, you only had to spend seven nights in town every three weeks. You could use your Sick Bank, vacation, Lieu-time, FSH days etc to cut that down .

Some guys would rent a room and "hot bunk" , sharing it with other shifts. Others would stay with relatives or friends.

TFD, now with their 24-hour tours, and dormitories, go on regular days off after shift. So, they can easily reside in a more affordable community.

I was using leger, which says it may have been a wash.

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No doubt political strategists.and students of Political Science will find that of interest.

 

[Quirky]

Decade of darkness, thanks to the liberals, has shown little prospect for younger people and they're starting to feel it too.

How did Canada’s young people become its unhappiest generation?

From families to finances, benchmarks are happening later for Canada’s young — and their happiness levels have been plummeting.

www.ctvnews.ca

The 2024 edition of the decades-long study of global happiness, published by the Wellbeing Research Centre at the University of Oxford, asked participants to picture their life as a ladder, with the best possible life at 10 and the worst at zero.

While many countries among the 134 covered by the research have also seen happiness levels fall among those under 30 since 2006, the slide of young Canadians down the ladder is exceptional.

Only four countries have seen a worse decline — Jordan, Venezuela, Lebanon and Afghanistan.