I spent many years living without a plan,got divorced, shot heroin... all sorts of dumb shit. I'm 35 atm... Now I live in transitional housing and in rent expensive Vancouver I only have to pay 475$ a month. I have a great new job and will be making 17.17 in a few months with lots of chances for overtime. 21.50 an hour after one year.
I want to make compound interest work for me, I want to "park money" in silver, invest in savings bonds, maybe mutual funds.... but I am totally lost as to where to begin. I now know the difference between a TFSA and RRSP. But if I can park around $1000 a month (ideally on my best months) for the next 5 years or so where should I put it? ??
Where(or how) will I get the biggest saving bang for the buck???
Thank you in advance for any help. I have bookmarked the retirement calculator I daw on here awhile ago, posted on the zen if simplicity website. I know that involves compound interest, but how? Stocks?mutual funds? Buffet says 7% is normal... explain it to me like I am a five year old. I'm currently upgrading my math skills for school.. I wont be insulted if you use apples as the example.
Submitted February 05, 2017 at 11:21PM by EvoPsych911 http://ift.tt/2kheTiK
