How Much Money I've Saved, Invested & Total Debt at 28 Years Old

Today, I'm going through exactly what I've saved, invested, and my total debt at 28 years old.

After paying off $50,000 in student loan debt a few years ago, I've been really focused on saving an emergency fund, saving to buy real estate, and investing for retirement. In this video, I'll be covering the exact numbers I have in each of my bank accounts, and how my journey has gone so far.

0:00 Exactly what I’ve saved, invested and total debt at 28 years old
1:42 How much money I have invested
5:24 How much money I have saved
8:07 How much total debt I have paid off
11:01 My overall net worth update at age 28

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Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

[stephandden]

We want to know - what are you focused on right now? Paying off debt, saving money, investing…? Let us know! 👀

[Corythehausbaus]

Agree bro, “live everyday like it’s your last and don’t miss out on your 20s” destroyed so many peoples financials for rest of their lives.

[johntryl]

This was cool to watch - the short story about the tooth was sooo real. Teeth and vehicle repairs are definitely the two biggest fears I personally have when it comes to unexpected financial emergencies. Glad you got it fixed and had the money saved up to do so. Emergency funds are so crucial. Keep up the good work bro.

[MrFreeVs]

Love this content! I think it’s important to be transparent with finances so people can learn! As a 23 year old I’m grateful, keep it up!

[ashleyj.]

26 in a months time here - I love the precedent that you and Steph have set for young people to get financially literate!

[ozsalty]

As a 28 year old in Australia, I have $1, 92M in property, $1.3M on debt (mortgages) and a $75, 000 car paid off. And no other debt, I carry a credit card but pay it off before each statement period for points etc.

Keep your head down, hustle and learn, take calculated risks and don't be afraid of debt, leverage your wealth.

Stay hungry 🤙🏻

[HouseOfBurgz]

XEQT is a great choice for the long haul. Glad to be indirectly on this financial journey with you. Keep going 🍊

[kariikrush]

Thanks for sharing! Inspirational 👏🏼 I had similar loan amount to yours and should be done paying off in next 3 months, then onto heavy saving and investing too

[jared]

Love how financially aware you and your woman are. I turned 31 last week, and it's easy to question yourself if you're on the right track or not.

I definitely know I've made some bad financial decisions, but overall, I think I'm definitely on the right path. My current goal is maxing out my WS TFSA. I want to retire in Thailand at 50 and hopefully live off dividends.

[kelseyh]

I am focused on investing. I am also in the same boat as you both with investing long term for retirement. Your videos are an inspiration to me as a fellow Canadian, I look forward to future videos :)

[wilsonfidelisekpotu]

Thanks for this excellent video
The journey has indeed been one built on consistency

[GBDogg]

Wow! Both of you (Steph&Den) are definitely on the right track! What are your biggest regrets? Sometimes for instance I see people that went to college and wasted a alot of money and time, just to jump ship into a different career path. There's even some multi-millionaire's out there have only a high school degree.

I'm 36, I only have a 2 yr AA degree. Really, success is all in the person's head. Have a good mindset, with a clear vision to where you are going and how you're going to get there. Work hard, save and invest money early and plan life out. Associate yourself with successful smart people that you look up to and attain to be.

Knowing the right people can change everything, you can LEARN ALOT from the right people. That's for instance how I got into investing in the stock market 10 yrs ago, long term. Take calculated risks in life to get ahead. There's alot of misinformation/nonsense online.... hocus pocus LoL. ALOT of people want to think they can get rich quick. Lots of flash and Show, lol. That's the furthest truth from REALITY.

Keep up the 👍work!

[RedDragonFSU]

Can really relate to your story, I had some tough financial journeys and 2024 is my self proclaimed year of becoming "debt free" (mostly..). I am 29, have a passion for vehicles but as of February officially paid off my car, I am paying off my last student loan payment this month, selling one of my vehicles to clear my LOC. This will be all of my debts cleared (aside from my mortgage....). I have been watching yourself and Steph talking about HISA & TFSA as I am looking to begin my emergency fund then investment journey. I have roughly 40, 000 in a combo LIRA & RRSP but looking to save to build my forever home and rent out my current property. It was exciting to calculate my net worth and it motivated me to continue on investing/saving my money properly. It was a hard journey as I was one in the dark hole of debt and now I feel like in 8 years everything has changed and I no longer feel the weight of my past debts/credit rating. Your videos are empowering and I hope you and Steph continue on this amazing journey.

[TransparentGenZFinance]

Love your vids — I've been so busy with personal life as of late that I haven't visited your channel in almost a year; it's refreshing to see you're both doing well.

Best of luck to you, keep creating great content and who knows, maybe our financial paths cross at some point!

[peachieangie]

Another amazing video!! I was actually stunned at how similar we are Den (personally and financially), and it was SO interesting to see how differently you manage your money. I have $12k remaining in 0% student loans (paid off ~$25k already) and my current investment plan for another 1.5 years is to split it 50/50 between my TFSA and RRSP. Hoping to bring that student loan amount down to $5k by end of 2024, and I'm personally more interested in getting a head start on my RRSP than maxing out my TFSA at this moment.

Right now the grind and sacrifice is real. You know sometimes when you transfer the money out of your chequing account, it doesn't really feel 100% yours? Like yes it is yours but you won't allow yourself access to it for several months/years so it doesn't really feel real lol. I'm also very goal oriented, and I hope I can look back at this time in the future and think "whoaa what a journey! 😅"

[MoKa]

You both are doing great in the money area. I wish I would have been this knowledgable with money at your age. However, start where you are with what you have and make the necessary adjustments. It's never too late! Well done! We are currently working on paying down the mortgage and investing for retirement, with an emergency fund. I'm not afraid of debt, however in my years of experience, debt slows down what you save for the future! I would much rather make money on interest than pay interest.

[charletfoster]

Paying off your student loan, as you eluded to, is no small feat, so 👏🏿👏🏿🙌🏿🙌🏿

[SmoothBrownMan]

Amazing that both of you in you 20's have a solid plan in place for your future. Yes, it's important to focus on growth oriented companies as you both have at least 20-25 years to enjoy it. But consider Dividend type growth as well. You can do both. Focus on growth and have a percentage of your portfolio invested in dividend reinvestment. Compound growth. Boring but very effective.

[mikijane]

I love your guys' channel. Now that I'm earning money after graduating recently, all this advice is really helpful. Thank you!

[Mikemathews]

I enjoy getting into lots of debt my brother always says “it’s all part of the ride!” I’m in 37 k debt at 19 and plan on getting into more and more!