I think this will be my plan =/

[Plugging Along]

I have the same diary. Mine is I want to have more money =).

You could be in a worst position.

[emperor]

After reading two investment books (dummy series) browsing this website and taxtips I've come to the realization I have no idea what do to.

I'm trying to find a good way to make money off my money but it's a little difficult. Especially when I collect EI for 3-4 months while I renew my 40+ certificates, if I make money from renting for example I won't get to collect EI for that week, I'm not sure how dividends work with EI.

If anyone has any suggestions on where to put my money to make money hopefully in the short run and not 15 yrs from now let me know.

[peterk]

It certainly doesn't make sense to be buying if you are on 24-4. Heck it barely makes sense to rent... you could probably stay in a hotel for cheaper..
You have to ask yourself if this is going to be permament though. 24-4 is brutal and I imagine you won't be able to keep it up for more than a couple years. Choosing red deer also limits you kinda. What if your shift changes to 7-7 and all of a sudden you find yourself stuck in red deer on your time off? or you're relocated to Calgary? Sure it's the "cheapest" "city" in driving distance from the ft. mac but if your shift changes and you suddenly have time for a life who's to say you'll want to spend it in red deer.

caveat: I speak assuming you are new to the province... if you're a local and know your Alberta and have decided that Red Deer's the place for you, then disregard me obviously.

[emperor]

Thought I'd update

10K ETF (RRSP)
26K HISA (TFSA)
28K HISA (RRSP)
89K HISA
15K Gold and Silver
75K Pension

No debt.

No forseen expenses coming up. Everything I own is a year old or less so it all has 3-7 years warranty.

After expenses I bank 40-60K a year

Still hoping to get a house or condo within 3-4 years. Then invest more in the stock market.

[My Own Advisor]

I like it emperor.

Mine is a little different:

I currently don't have much money
I work to make money
I like to save money from working
I invest the money I save
My investments make money...
to build money so I don't have to work.