A week in Toronto with a content of $ 305,653
Was there an anticipation for you to take part in university formation? Did you take part in a form of university formation? If so, how did you pay for it?
Yes, absolutely. I am not sure if I ever realized that there was a different way than a four -year university. My mother did not complete the college until I was in the high school, and she was always firmly convinced that we would not repeat that. I was also an excellent student, so the path fit. If I could go back now and do it now, I would definitely go to the community college for a few years and/or take a year in gaps – I was too young and too naive and really struggling on college. I was lucky that my parents paid for my school, room and board member at a public state school. They said that if I wanted to go out of the state, I would have to pay the difference, so it was a child’s play to stay in the state. I worked a few jobs every year to spend money and was lucky enough to complete the students without debt. I got my MBA while working full -time a few years later. At that time, my company paid 100% of the tuition fees and books so that I was able to complete my master without debts.
What conversations did you have about money? Have you informed your parents/legal guardians about finance?
We learned how to compensate for a checkbook and had savings accounts. The message was always no more than they had and kept as much as possible, but there were no details. They told me that I should insert as much as possible into my 401 (K) when I started my first job for adults, which was very good advice. We are now talking more about finance because my parents are about to retire. It was extremely helpful to see your perspective now and know how your financial situation is to ensure that you do enough to do what you want in retirement.
What was your first job and why did you get it?
I worked in a gym and cleaning rooms when I was 16 years old. I got a free membership in the gym and we had a lot of fun. I got it to spend money and an international student trip that I did. I mostly used it for Aunt Anne’s pretzels and Abercrombie & Fitch jogging pants.
Have you worried about money that grew up?
Course is a strong term – consciously, it is probably better. My parents differ when I was very young and had shared custody. My mother married again pretty quickly and went well. We had a nice house, went to eat, had the latest devices etc. My father was single for a long time and was often unemployed. We lived in a tiny apartment and never had a luxury. We always had food on the table and were able to do school activities, but it was a strange way of thinking to have lifestyles opposite for half a week. My father married again when I was in the high school, and after that it was much more concerned.
Are you worried about money now?
Not really. I want to retire early, so I am always concerned that I don’t remove enough or that I am making too much ruthless expenses. I am susceptible to fear, so I have to worry! But every day (and even in the long term) I know that I am in a good place.
At what age do you become responsible for yourself financially and do you have a financial security network?
At the age of 22 when I pulled out of my parents’ house. I had a full -time job when I had completed the college, but I lived at home for about 10 months (free of charge, thanks, dad!) To save money. I have an appropriate amount of savings as a financial security net. I also know that I could move in with both parents if I had to.
Do you have or have you ever received a passive or inherited income? If so, please explain.
My mother gave me $ 35,000 to help with the deposit for my first apartment. The agreement was that I would pay you back with a percentage of profit when I sold. However, I sold this apartment because of a loss, so she told me that I should just roll the money into a new apartment. I also sold this second condominium for a loss (high, high, they sell low – that’s how real estate works, right?!), So she told me that I should roll over the money again. If I had to guess, she will never have me repaid. I know that she gave my sister money when she needed it without expecting the repayment. But I will continue to ask her about it because I am in one place to repay it if she wants it. I assume we will inherit some money when my parents die, but my wish for you would be to spend everything you have while you can, and I plan my life as if this is the case. I have just started to maintain rental income of USD 50,340 (USD) when I rented my apartment after moving at the beginning of the year. I make very little money with it; The intention was to cover my mortgage and Hoa.