Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Many Canadians in their 30s, 40s not saving enough for retirement

KTown · 04-13-2010, 11:10 PM

The problem is people just don't have will power something comes out and most people must buy it.

I am still young, I have a house that will be paid off within 5 years, I bought 4 houses 4 years ago that I rent. I have several stock investments, I've had an RRSP account since I was 18 and not once did I ever receive a free contribution from an employer hence why the last 3 years I've been working on contract. I just finished driving the same car that I've had since high school and I finally cracked down and payed cash upfront for a brand new twin cab Tacoma. This car will last me 15 - 20 years.

All this on a college education doing a job I like.

People just live beyond there means. I still do lots and have lots, I go on a holiday once a year, I play golf (Just bought myself an R9 TP driver, waited till the 2010 models came out and bought a 2009. I play sports, I have all the amenities I need for myself and my family. There is no need to go out for lunch everyday, make a couple of sandwiches, just doing that alone will save you 10 bucks a day. Change your own oil in your car, this will save you 20 bucks. There is no need to go and overspend on everything. Buy a holiday last minute you'll save somewhere around 50%. Also doing stuff around your house yourself, hiring people costs a fortune build your own fence its not hard.

I get so frustrated how people can just blow there money, they need all the new toys.

I plan on retiring somewhere nice when I am 50, away from this cold place where I can play golf year round.

I don't need Canada to give me a pension plan, I'll take care of myself and will do it alot better.

04-13-2010, 11:10 PM	#92
KTown Powerplay Quarterback Join Date: Oct 2006 Location: N/A Exp:	The problem is people just don't have will power something comes out and most people must buy it. I am still young, I have a house that will be paid off within 5 years, I bought 4 houses 4 years ago that I rent. I have several stock investments, I've had an RRSP account since I was 18 and not once did I ever receive a free contribution from an employer hence why the last 3 years I've been working on contract. I just finished driving the same car that I've had since high school and I finally cracked down and payed cash upfront for a brand new twin cab Tacoma. This car will last me 15 - 20 years. All this on a college education doing a job I like. People just live beyond there means. I still do lots and have lots, I go on a holiday once a year, I play golf (Just bought myself an R9 TP driver, waited till the 2010 models came out and bought a 2009. I play sports, I have all the amenities I need for myself and my family. There is no need to go out for lunch everyday, make a couple of sandwiches, just doing that alone will save you 10 bucks a day. Change your own oil in your car, this will save you 20 bucks. There is no need to go and overspend on everything. Buy a holiday last minute you'll save somewhere around 50%. Also doing stuff around your house yourself, hiring people costs a fortune build your own fence its not hard. I get so frustrated how people can just blow there money, they need all the new toys. I plan on retiring somewhere nice when I am 50, away from this cold place where I can play golf year round. I don't need Canada to give me a pension plan, I'll take care of myself and will do it alot better.