Young Couple Next Steps

[Four Pillars]

It should be noted that the vast majority of replies from user Montrealer come with extreme bias to promote purchasing real estate. This "advice" is not objective. These posts are borderline spam.

For once, I agree with TRM 100%. Montrealer should be banned.

[Plugging Along]

Though I don't agree with Montrealers advice, and think it is extremely biased. Its a little unfair to ban someone for giving poor advice. His advice isn't the most awful I have heard, it applies to some, but it's just rather tunneled visioned and fails to factor the fact that real estate is not the best investment for every one.

[marina628]

I thought the plug for real estate was a big obvious considering they only got married six months ago and all it will take to change their ability to save is one baby and a year maternity leave.Enjoy your life and do your traveling now before you get tied to mortgages ,debt and children.

[Plugging Along]

Back to the op.

Congrats on being in our position of debt free after school, and having some assets. I think putting money in the Tfsa to max it is a great idea and you have the flexibility to take it out.

Honestly, I think the most important things is learning to save, which you have done well, invest in your careers, this to me is the biggest return one can make especially early on, enjoy the wedding and all that stuff, keep it under check, and then you will have another whole new phase of life to plan for.

[Maybe Later]

I agree with marina and Plugging along. I will only add that I would prioritize your goals and as your life situations change (house, kids, etc.) make sure your family is protected accordingly (increased savings, insurance, wills, ...)

Best wishes.

[Montrealer]

With all due recpect to all of you, I know people in their 20's who have purchased and sold real estate and made up to $100,000.00 profit and don't even have kids yet and that's not here in Quebec, it's in Ontario, B.C and Alberta as well.

I am 29 and I have done the same in the past, if your all older and made mistakes when you were younger, it's your fault and people like the OP should be given the best advice for THIS DAY IN AGE!

FYI: I am not soliciting my services on this forum, I am here to gain more wisdom like all of you.

[Jon_Snow]

Buying real estate now in Canada means buying at the height of a real estate bubble. Not a good idea.

[balexis]

Like many others, I would advise the OP to think about purchasing real estate very seriously before doing so. Lock-in to a location early in your career, increased burden if you want to leave for a long trip, etc.

@Montrealer: everyone is entitled to their opinions. However, most of your interventions are short and sum up to "Buy real estate, trust me you won't regret it". That is, IMO, a zero-value contribution to this forum.

[GOB]

With all due recpect to all of you, I know people in their 20's who have purchased and sold real estate and made up to $100,000.00 profit and don't even have kids yet and that's not here in Quebec, it's in Ontario, B.C and Alberta as well.

I am 29 and I have done the same in the past, if your all older and made mistakes when you were younger, it's your fault and people like the OP should be given the best advice for THIS DAY IN AGE!

FYI: I am not soliciting my services on this forum, I am here to gain more wisdom like all of you.

That's like saying "I know a friend who bet $100,000 on roulette and won. You should do it too!"

[Montrealer]

Everyone is entitled to their own opinion, thank you.