this thread makes me sad....
we have what i would imagine is a very decent middle/upper middle case family income. However, with the house mortgage, 2 kids (resp, childcare, etc), car costs (1 car paid off, 1 on lease (<350/month), and then dumping just under 10% of our income into RRSPs (crappy mutual funds), we are saving a very small amount month to month. This year, is brutal with the wife being on mat leave, luckily it's a one off, and i think we're done having any more kids.
The rrsp is our biggest nest egg, but it's in a crappy vehicle, and i'm really unsure on where to put this, and how to move this optimally without incurring transfer fees, etc. I'm also being stretched way too thin, between working 60-70 hour weeks this past year, while having a new born and toddler at home, so i know it sounds like the stupidest/laziest excuse ever (which i admit it still is) i just cant' find the time to even go out and do the research to figure this out better.
i've been saying i'll get this sorted as soon as things settle down, but i said that when i exited my 20s, and were almost 5 years past
.
Living in toronto, i really want to get into owning some rental properties but en would prefer to have saved up some decent equity in the home or thru income to pay for that, which again requires time.
i suppose at the end of the day, i need to create time to read up on these things. i'm reluctant to go to an advisor as it just feels like a commission based sales guy approach, and i don't really have anyone that i talk to openly about these personal topics in my surrondings (parents not very strong in this area either).