Being debt free is such a wonderful feeling. Also, props to you for being so transparent. You are definitely bringing tons of value to your audience and showing people what budgeting can really lead to!

RRSP = 401K or 403B or 457 or IRA (lots of names for the same idea) and TFSA = Roth (CDN to US)

As a 27 year old myself, I appreciate the transparency with your accounts! I get excited about retirement and compound interest too. One month ahead is a great goal to work toward!

ive been watching u for over 2.5 years and my life has changed so much and it’s so cool to see these update videos 🥹 u bring this peace and tranquility to personal finance that i really enjoy but i also loveee your vlogs! your content in general is my fav because i can watch it when im working, getting ready etc. Also so proud of u zoe for hitting 30k in ur RRSP! thats amazing ❤️

Congratulations on becoming debt-free! You are on such a good financial path at such a young age. Keep up the great work. Financial freedom is so worth it! Glad I found your channel.

love to see your growth & appreciate the transparency :) your videos are weirdly so calming to watch for me, keep up the awesome work zoe!

Love the transparency in all videos

Congratulations Zoe for being disciplined enough to grow your savings the way you did. Especially the RRSP

This video just showed up on my for you page and I LOVED it. Thank you for being so transparent. Subscribed!

Zoe I am very proud of you. This was a very informative vlog and lots of transparency. Keep up the good work !!

So proud of you Zoe! Your hard work and dedication will always pay off ❤👏

Love the transparency and celebrating your growth!

Love watching your videos so much! Started watching a couple months ago and now going back to all of your older videos! Also started budgeting with the tracker thanks to you and I’m loving it ❤

Just got home from work to see this got uploaded, so excited to watch it Zoe! Also wanted to tell you, if you don't know about Refinery 29's Money Diaries series, you would LOVE them! There's a subreddit around it as well where I commented that you were a great female finance youtuber to watch and so many people agreed with me so it felt like a little community of Zoe fans in a community of women-oriented who chat finance/money!!

@ZoePritchard

4 ай бұрын

ah WHAT!! this is so cool, thank you for the love 💕

I get so excited to see how you spend your money, thank you for the links on etsy and such. I appreciate your time and effort towards your videos thank you Zoe. Keep killing it!

Thank you for this video!! This is a well needed video I need to watch right now

I love your transparency. Thanks for sharing!

That’s such an awesome video that inspires so many people to get a handle of their personal finances. Love the transparency!

You encourage me to do better with my personal finance. Its a big goal of mine to look after them and be in a great place by years end. Thank you for all the videos based around how you manage your personal finance and especially your feelings towards money eg when you have money anxiety. I relate so much to that. God bless you Zoe! Love from Zambia 🇿🇲

Love this! First video I have see on this channel. You seem very authentic.

The numbers look good Zoe!! Your hard work and dedication is paying off!!

Zoe! Love this, thanks for sharing!

This popped up on my home page! I haven't seen one of your videos in about six months but I'm definitely subscribing now. It is so good to see "real girl finance"!! I love your audacious goal for your RRSP

Congrats on being debt free! Great to see another Canadian doing this!

You really understand that it's a sacrifice to save and be financially responsible. While your friends who have different plans for their life may not get it. If they stay your friends they will will see the results from your hard work and sacrifice.

You’ve giving me motivation to pay off debt and save!

Hey Jessica, I am 29 and I find your video very realistic. Too many KZreadrs show the six figures they have saved by 25-30 and it feels close to impossible to reach this goal with a regular job. Good for them, but I'm happier to follow someone I can relate.

Dear Zoe, thank you for sharing these informations! It is so important that women start talking about and sharing advice about finances. You are such an inspiration. Keep doing your amazing work! Just imagine all the wonderful, financial, things you can accomplish in your 30ies with this attitude ! Hugs from Denmark!

You have done a great job getting debt free! Good job! :)

Really appreciated the net worth thoughts at the end ❤

There’s no better feeling than being debt free. Congrats!!

i’m an american accountant and it was super interesting to learn about the canadian savings/investment accounts! :) thank you for sharing your journey

I'm in the same boat with stock and crypto from a couple years ago. I only invest in mutual funds and S&P 500 now. Also I love these videos!

A refreshing breath of hope. Well done!

Thank you for sharing!!! As you said not many people feel the need to talk about finances but as a person who is thinking of moving to west, I was eagerly looking for how a normal girl can manage her budget… So thank you ❤

great job on your progress!

I'm currently sick so thank you for uploading and curing my boredom a little :)

@maloumasereel966

4 ай бұрын

Me too 🥲 Hope you get better soon!

Incredible numbers Zoe. I am so happy and proud of you 😊

I can't believe it's been a year since the last one. I have watched this for .. what 3 years now? awesome

I’ve been one month ahead for over 5 years now. It’s been a game changer for confidence and feeling secure. I And I have savings to cover about 3 months of bills in case of emergency.

You’re doing amazing!!! Keep at it! It just gets better and better! Decisions are like interest… GOOD decisions compound on top of one another, and so do BAD decisions! Just keep making the seemingly small insignificant GOOD decisions, they will compound!

@ZoePritchard

4 ай бұрын

i LOVE this!!

@JasmineJackson-rd2cc

4 ай бұрын

I needed to hear this today, thank you!

This is such a great video! I appreciate that you also included what you have in the previous years, that way we see your progress as years go by. I also did it this way whenever I write down my year end financial status on my handy dandy notebook. And whenever I feel like I’m not doing enough or when I keep on comparing my progress to others, I look at it and then I realized how far I’ve gotten. Please keep doing this kind of video every year. ❤

@ZoePritchard

2 ай бұрын

thank you Alyssa!!! 🩷🩷🩷

Thank you so much for your transparency - it is so inspiring to see how your savings have grown over the last few years! The progress on your RRSP?! 😍Incredible

Most people in their 20's-30's dont have 30k in their bank account...Ask around you'll see

@user-lt1jd1ye3v

4 ай бұрын

Most people in their 20's are at least 30k in the hole due to student loans. This girl is saying she's "average" LOL she's doing how many people are in their 50's!!

@rayshon5230

4 ай бұрын

Came for this comment cause saying 9:32 seems so out of touch

You should feel proud of yourself! You put in the work and your getting back massive amazing results!! Let’s gooooo 🥳🥳🥳🥳🤑🤑🤑🤑🤑👏🏾👏🏾👏🏾👏🏾

i love your transparency! I'm from canada too, and as a creative it's so important to really understand finance when you have a job that isn't quite stable. Love your input and learning from you

Really, really well done on your savings. Youre a great role model

26 here with a 135k net-worth. Nothing special just an aircraft mechanic that loves his saturday overtime! You got this! 🙏🏽

There is good debt and bad debt. An income to debt ratio is key to freedom. What u use that debt for is most important

Yay another vid ❤

the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k

@mariabrandon-6064

4 ай бұрын

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@fabianhegemann9911

4 ай бұрын

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

@JoseLuis-zn5tb

4 ай бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@fabianhegemann9911

4 ай бұрын

There are many financial coaches who excel in their profession, but for the time being, I employ Mary Kaliope Braun because I adore her methods. You can make research and find out more.

@JoseLuis-zn5tb

4 ай бұрын

Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.

Please make a video on your journey to 100K! When you talked about it in a previous video, I wanted to see if other female KZreadrs have made a series and I didn't find anyone. So watching your journey and goals would be great in a series!!!

Hey Zoe! I love your transparency and am so proud of your financial achievements!! You're incredible! It looks like your RRSP and TFSA projections are about 5.5%-6.15%. For an RRSP that isn't bad, but for your TFSA you could just invest directly into the S&P500 and make a 10%+ average annual return. Unless your risk tolerance is really low (generally more for elderly people approaching retirement), you can get higher returns on that account by managing it yourself or changing your risk tolerance. Managed accounts eat away at your returns with fees over time, so something important to consider over time.

@moodyneutrals

4 ай бұрын

agree with this!

Sometimes I feel so behind, especially in my RRSP. But whatever, lol. Thanks for the transparency!

I love watching people get excited about investing

if the word "worth" is feeling personal for you, call it "net assets" because that's all it is.

@ZoePritchard

4 ай бұрын

good call!!

Congratulations 🎉on being debt free

Amazing video Zoe! I also would love to see your wish list for 2024, like clothes you want to buy, home decor, etc. That would be inspo for sure 😭😭😭😭✨❤️

@ZoePritchard

4 ай бұрын

ahh thank you!! i feel like ive been talking a bit about these things in my vlogs ✨ but a full video would be so cool!

When I was 27 I was wondering how I was going to pay that months rent . You are off on the right foot Zoe just stay the course and let the markets do the heavy lifting for you . Also Crypto is like going to the Casino just be aware …

Such a great video…….congratulations…hoping to build my finances more and more……🎉🎉🎉🎉

@ZoePritchard

4 ай бұрын

yess you got this!

When I saw the money in the title shot I thought it was NZ dollars.... well done for becoming debt free!

Im sitting here at lunch at work. 23yr old. Im on a new year new me hiatus trying to snowball my debt and invest by 2025. You inspire me alot to hopefully do this one day. Im happy you hit $30k. I dream of seeing that amount of money in my account one day

@ZoePritchard

4 ай бұрын

you so will!!!

Great video 👌

Dont know if you know this but in Canada you can also use your RRSP as a downpayment for a home if you're a first time homebuyer. You can take out up to 30k. The catch is that you have to "pay it back" in 15 years so you won't get taxed on it. Me and wife did this and it was a simple process.

Great discipline! I'm being aggressive in paying off debt. Also, I can not ignore those brows, they're immaculate 😅

Your killing it Zoe ❤❤

Zoe what you've accomplished is great - I urge you to reconsider your position on individual stocks. Consider if you were going to purchase an entire business, there's a huge list of due diligence you would do first. Stocks have to be treated the same way. Because they are in fact the same, you're buying a business. They are not a gamble or a matter of timing the market, unless you fail to do fundamental analysis and/or you have a short term time horizon. It's fine if index funds are easier for you but too many people think stock picking is a gamble because they don't realize the amount of due diligence that is required. Reading 10Q's, balance sheets, listening to earnings calls, learning sector specific KPI's, and on and on and on. That's the difference between a stock being a gamble and an investment. If your time horizon is 5 to 10 years then timing in the short term doesn't matter, hence the phrase "time in the market is better than timing the market" - all that said, nothing wrong with just sticking to index funds if that's your comfort zone!

You go girl 🤙🏽

Congratulations! that's a lot of effort and patient keep it going!

SO PROUD OF YOU, ZOE!!!!!

Good job!

Really loved this and thank you for sharing. 1 thing I'll take away from this is the 1 month ahead thing, I'll start doing that coz i want to pay rent for 2 months before the month even comes or my daughter's school fees 2 or 3 months ahead.

@ZoePritchard

4 ай бұрын

amazing!!

Hey Zoe, unless you think you think your earning potential doesn't have much higher to go, you should be prioritizing your TFSA over your RRSP. RRSP contribution room will carry over, and you should contribute when you have higher income to bring your taxable income down, versus contributing to your TFSA which will not give you this benefit with higher income.

I admire your transparency! I Will Teach You To Be Rich and Your Money or Your Life are two interesting personal finance books

I’m in the US and it’s so crazy how different the Canadian economy works from our own. Even your rent was almost a third of what is typical for my area

@ZoePritchard

4 ай бұрын

super different! i think we have much stricter rent control here too

We need to do a net worth video - all your assets minus all liabilities

Really happy to see that you’re proud of yourself on your financial accomplishments. I wonder if index funds exists in Canada? I think fees can eat up to 2/3rds of your return according to Jack Bogle.

Paying off credit card debt at 25% interest beats investing when you earn an average of 10%.

Regarding crypto, you should've just put it in BTC (bitcoin) - it is PUMPING right now. I bought in 2020 at 19K and now it's up to 70K CAD. Never too late to get in either! Great job on your investing!!

Cheers to sleeping like a baby on *most* nights. Lol that “most” cracked me up!

Hey Zoe! Thank you so much for this video!! Transparency helps build financial knowledge. Just curious to know if now your emergency fund is topped up, will you continue to contribute to it? I’ve begun my EF with Wealthsimple and that 4% feels SO good. I am unsure if once I get to my goal (10k) if I will keeping building.

Great job on being able to save and invest so much! Just a question, have you considered doing self-directed investing? Idk if Wealthsimple has really high fees or if the fund they have you in is just very conservative but I punched in your numbers for the TFSA (it seemed really low to me) and based on market returns from 2021-2024 you should have about $8,500 today not $7k. And that was the calculation without any additional contributions so it would be even higher in reality... might be worth looking into doing self-directed and putting your money into etfs instead

Stick to the investments you know best or are more interested to know. Being diviserfied is amazing but being diversified while hopping onto crypto or any other investment will cost you in the long term. I got out of crypto because I know more about my ROTH IRA & VOO. I stick to dividends as well atm. Great year difference though! Wishing you plenty of success!

Also, 27 and hoping to be debt free by the end of the year. Got 13k in a LOC (same thing consumer goods) and 20k for Student Loan. Will have this paid off by the end of Summer and then going to invest in FHSA, then TSFA, and then RRSP.

@ZoePritchard

4 ай бұрын

amaaazing! you got this

Thank you for being so brave and Authentic Sharing These insights online 🙏🥰 it helps so much! Do you invest in MSCI? Rates are 🥳

do you re-invest in stocks/mutual funds the money you make in YT or do you spend it in your business?

Well this is pretty interesting. I think being debt-free is pretty psychologically boosting, and money goals are supposed to be emotional anyways, but personally to me it depends on interest. Like below 4% interest debt is low enough to not bother me and almost gets cancelled out by inflation anyways. Stock picking is gambling I agree, you cannot beat funds or ETFs that track the international market unless you're a genius and I'm definitely not, so I just invest in one of those funds/ETFs. Crypto is an interesting but dangerous thing. If even 5% of your total assets is crypto it can make your whole portfolio significantly more volatile, and it just makes your whole life unstable if it's ever 10% or more of your portfolio. Feels like the most educated finance people I listen to are Canadian (Moneyscope podcast/rational reminder podcast, Plain Bagel, etc.) and I'm not even Canadian so half of their accounts they talk about I don't even understand haha.

Today a hit 100 k in savings and no debt.a lost everything 6 years ago came to the us with only 900 dollars in my pocket

Hi! I’m curious to know why you’re focusing on your RRSP instead of maxing out your TFSA first.

@ZoePritchard

4 ай бұрын

because I'm self-employed it makes more sense for me! also in many cases it can make sense to max out the RRSP and put your tax return towards your TFSA (*not advice!!!* talk to an advisor of course, this is just a strategy I've heard many financially savvy people follow)

Go zoe this is amazing 🎉🎉 i paid off my car last year & now i have almost 6k saved. Hoping to have 25k by the end of the year to put in a high yield i want to buy an income property with my bf

@ShannySells

4 ай бұрын

I still need to pay off my student loans though 😢 but im only going to do $650 a month bc i dont want to throw all my extra money to that & not save lol

I get what you're saying about not having your net worth tied to your self worth but it should more looked at as "my net worth is equivalent to the amount of freedom I have."

@angelicabrewer3711

4 ай бұрын

You don't think freelancers have any freedom?

@ChunkUhDunk

4 ай бұрын

@@angelicabrewer3711 You can make more money than a regular 9-5 but it doesn't provide more freedom. If anything, it requires more work and time than a 9-5 in a lot of cases. More assets will provide you with more freedom. Not multiple clients.

In regards to stocks, I don't think it's a buy one and sit to see what it does over time like with retirement investments. It's an active buy and sell thing. I made a similar choice when I bought a stock on Robinhood and it didn't do anything for a year 😅

Hi Zoe, one tax question here: if you live with your partner, are you filing tax together or alone? Thank you

May i ask why your focus is on RRSP? People usually focus on maxing out TFSA

@brooke86

4 ай бұрын

When you’re self employed it can help to pay less tax, so possibly that

@ZoePritchard

4 ай бұрын

yes that is it!

Managed and individual stocks. Great video at young age you look like you're going to be successful. But I would stay clear of managed funds and picking individual stocks. Terrible chargers an individual stocks is more like gambling

Your nails look so cute!

ETFs such as spy are a lot better than mutual funds.

Doesn’t the fund your bank manages for you have stocks??

Hi, Zoey! Me in Brazil hearing you mention that a 20% credit card interest is very high (which it is, obviously!)… before this year, it was 300% here 😆 now the government has limited it to 100%. Wild, eh? I should say though that a little over half of the credit card debts are not actually paid by the people, hence the need to increase interest rates (300% is criminal tho)

@ZoePritchard

4 ай бұрын

oh my GOSH! This is crazy!!! I never knew it could be so high

WTH is a TFSA, RRSP, FHSA? What are all these acronyms? Is this Canada ?