that's true, but some may say that under a certain amount, it's not worth having another claim records under your name.

[removed]

This isn’t really helping, but in a couple retail jobs where I made commission if the customer returned the item the commission would come out of the current week’s check. Few rare exceptions. However at both jobs it was taken from gross. Just wanted to share to maybe help in any way. Cheers.

what's the point of having the insurance you like if you won't use it?

No international exposure with vtsax.

Mortgage interest on the first $750K of the loan is deductible. So yes, if you borrowed $750K at 6%, yes, that and your other itemized deductions would save you money on taxes as compared to just taking the standard deduction.

That goes for all of Quebec but yeah.

> continue this conversation with yourself

You are right - this is much like talking to a wall

I love that security deposits and last month deposits are illegal in Montreal. They're only allowed to ask for the first month or a portion of the first month as a form of deposit up front before you move in. You must have signed the lease and they must cash it before you move in.

[removed]

Another option is a bond tent. Basically, shift your portfolio to 40% bonds as you get closer to retirement (say, over 5-10 years), and then glide back down to 100% stocks over 10 years or so. This is more useful for early retirees expecting a long retirement, but it can certainly work for anyone retiring at any age.

The intuition is that the biggest risk is sequence of returns risk, i.e. taking a big hit (your 30%) in the first few years of retirement, so the plan is to just protect the first 10 years or so of retirement. Invested money approximately doubles every 10 years, so your 60% stocks should be 120% of their original value after 10 years, which is enough buffer to ride out another hit without needing bonds.

This strategy obviously takes some effort, so it's only really valuable if you expect to have a long time horizon.

I am looking at houses averaging around 1 million in price .I believe interest should exceed the standard deduction

You can say clearly as much as you want, it doesn't make your opinion correct. It just makes you sound pretty annoying and ignorant of the post I replied to.

You need income. Are you working part time? How much will the film internship pay?

You are correct in your statement to invest the money, it is just that interest rates are quite high at the moment and expected to go higher.

Why invest into a risky market right now when the guaranteed account is giving 4.5%!?

You should probably just google "cost of living (your city)" and find a chart that shows the low/average/high amounts of money people spend on typical living expenses like rent, utilities, transportation, food, etc

Start from there and see how much you need to earn every month after taxes. Then add 30% on top for taxes/deductions.

Then look for jobs that will be paying that amount of money that you can apply for and would be willing to hire you.

Clearly, the implications were there. Again, whether you meant to or not.

Hence the downvotes.

I don’t think anyone here would disagree that you should spend all dollars thoughtfully. Clearly that isn’t what you communicated

I wasn't aware I was talking to the sole arbiter of what someone meant by a statement, regardless of what the person making the statement actually said or meant.

You can continue this conversation with yourself as long as you like since you keep putting words in my mouth and completely ignoring what I (and the OP) actually said.

So, save 8 to 10k in taxes, after paying 23k in interest

Yup, I buy international funds (i.e. VTIAX) to diversify my portfolio, but I didn't bother until I was well into six figs invested. I'm currently 70/30 VTIAXVTSAX/VTIAX essentially.

That's more than I'd have thought. When I quit my job in 2013 I just let the money sit there for 5 years until I learned more about investing and realized I'd lost a ton of money by having it gain a couple dollars a month.

Your question is pretty vague (like what do you want to know about being financially independent?) so I will assume you just want to calculate how much you need to make.

Calculate your monthly expenses: transport, food, health, rent, utilities etc. Increase that by 5% to roughly account for inflation by the time you graduate. Now calculate how much you would need to make before income tax.

Also, make sure you are making this number on your own (don't depend on splitting expenses with gf. better safe than sorry)

> . I currently have [...] a car that is in my fathers name but i pay for such as gas etc.

Just say goodbye to the car. Paying for the gas doesn't mean you can make any claim on ownership.

You keep saying I alluded to this or implied that.

Just read what I actually said, which you probably don't like to hear since it doesn't encourage frivolous spending.

I'd also consider having an accountant you hire go over the numbers. Either the payroll person is completely incompetent, or someone is playing weird games.