5 TIPS ON HOW TO MANAGE YOUR MONEY IN CANADA IN 2022

5 TIPS ON HOW TO MANAGE YOUR MONEY IN CANADA IN 2022

****DISCLAIMER:
With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money.

Time map
00:00 in this video
00:18 introduction
00:46 track you spending
02:23 create a budget
03:12 build your emergency fund
04:11 start saving money to invest
04:57 create an investment strategy
05:18 strategies to generate cash flow
05:55 special tip

My favourite real estate investing software

Real estate investing TRAINING with Darren:

Join our Meet Up:

Have a question? Best to comment on YouTube or DM on Instagram or Facebook.

____________________

Darren Voros

Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his YouTube channel in 2020 in order to have a wider reach in educating investors.

[monikaleszko]

When I was saving for my first home I did the following…
1)Instant coffee ( buying it is a luxury lol ) ☕️
2) if I went out for a bday dinner…I ate before I went out lol and only got a salad and 1 drink 😀)
3) I worked overtime and got free meals at work for doing so 🙋🏼‍♀️
4) I found saving on groceries included not shipping only at 1 grocery store…Costco once a month with bulk items for less and then the cheapest grocery store for the rest ( no frills food basics freshco )
5) I got rollerskates ( yes they we’re $100) but that gave me happiness as a fun activity and exercise ! 🛼
6) I did my own nails or asked for nail and hair gift cards for Christmas /my bday 💃🏼
7) don’t buy anything new

🤗

[lizhaleboyes]

I do invest most of my emergency funds but ensure they are stable and easily accessible, backed up by a credit card with a decent limit.

[MaidenOfMusic]

Great content as usual, thanks Darren. I'd be interested to see you talk about the areas you're planning to invest in for 2022 and why. Many markets in Ontario are becoming unaffordable right now for people such as myself who are looking to buy their first property.

[interstellardweller]

Do you think buying a house this year is a good idea? I’m afraid to buy as it might crash or soften for a long time.

[interstellardweller]

I use my credit card for everything. BMO tracks my expenses for me. It’s not too detailed but decent enough. It also gives me 10% cash back on a lot. I invest every spare dollar.