What are your top money goals for 2024? Let us know! 😊

@tawtaw4232

7 ай бұрын

Invest every months to max out my tfsa goal 70% growth etf like Vfv, Xeqt and 25% dividends stocks like TD,Bn , enb, Atd, dol, or some reit and other 5% for this year is buy low and sell high

@samueldaramola856

5 ай бұрын

I plan to invest at least $500 a month all through this year. The budget tracker I used for over 2 years was filled twice a year so I plan to do it monthly or quarterly like you guys. I plan to read 6 investing books this year. I have read 1. The little book of common sense in Investing and currently reading The Intelligent investor. I also plan to watch your videos at least once a week and interact with your posts as I am also a business owner (Professional Photography) @ Papous Creative Studios. Keep up with your great content. Love it. 🎉❤🎉

I've been quietly following and watching both of you for a few years. First, congrats on 100K subs! Secondly, in my big old age, I've learned so much from you. I wish I had half the knowledge when I was your age because I'd be rich by now! However, I've taken a lot of your advice this year I'm contributing the max to my 401K, HSA Account, and Roth IRA, and I've bought some EFTs and Index Funds. I can only imagine how proud your parents are of you! Keep going and I'll be here to celebrate 200K subs with you!

@stephandden

7 ай бұрын

Thank you so much for this - we really, really appreciate it! 🙏🏿🙏🏻 We’re also happy to hear about all of those account contributions, that’s amazing! You’re doing great 😊

As someone in their 20's living in Toronto seeing your finances laid out has really helped me to be grounded and try to follow a similar path in my own way. It's not easy living here as you know but we can try our best! Best of luck in 2024 🎉

@stephandden

7 ай бұрын

We’re happy to hear that! Thanks so much - we hope that you have a great 2024, too! 😊

Very cool to see a couple the same age as me in Canada lay out their finances this transparently. Been following for a few years now and it's awesome to see how far you've come.

@stephandden

7 ай бұрын

Thank you! 🙌🏿🙌🏻

I also spent way too much on Uber Eats last year and I had to ask myself WHY that happened. The answer was clear - lack of preparation. So now, I make it a priority to go grocery shopping every weekend with specific meals in mind for all 3 meals and snacks during the day. In addition to this, cooking ahead of time and having the meals ready to eat will reduce that urge for instant gratification that delivery apps give us.

@stephandden

7 ай бұрын

Amazing - thanks for sharing this! I also made it a goal to cook one new recipe every week, which I think will help with wanting to try something new / not just have what feels like the same few things every night 😊

Wouhouuuu 100k! 🎉👏 Congratulations! I’m so not in your target audience, but you guys are doing so well and it’s a breath of fresh air to watch you. Bravo Dennis for paying your student loan debt!

@stephandden

7 ай бұрын

Thank you!!! We appreciate it! 😊🙏🏿🙌🏻

Because I have been following you for a while, I am feeling "big sister proud". Your 2024 money goals is on point

@stephandden

7 ай бұрын

😊 thank you so much!

congratulations on 100k steph + den! 🎉 thank you for always providing quality videos that are informative and helpful

@stephandden

7 ай бұрын

Thank you so much! 😊✨

Hi guys, I started to be interesting in the financial world in pandemic times ahaha. I want to tell you that I really admired you both, you are too transparent with the information that you bring us and you speak from your experiences, keep doing that way. Currently I am in Canada since a few months ago (a goal come true) and your videos teach me a lot about how things work here. Thanks a lot!!!!!🤗☺

@stephandden

5 ай бұрын

Hi! Thank you so much for your comment - that's so great to hear 😊 we're happy that you're still here watching our videos, too!

Congrats on 100k 🔥🔥my goal is to save up more this year than last

@stephandden

7 ай бұрын

Thanks so much! 😊 and love that goal!

I love the third rule for the Uber eats haha. Fun way to try new restaurants!

@stephandden

7 ай бұрын

Ha! Agreed - we’re excited for it 😊

Echoing the 'no UberEats' goal like crazy! I decided to tally up my expenses in 2023 just before the new year, and saw that we spent $3,000 on food delivery and $2,300 on takeout! Mostly from getting my lunch at work.. not anymore! I've already deleted UberEats/Skip from my phone and have committed to meal prepping properly for 2024. My other financial goal is to put as much money into my mortgage as I can! Just got it in November and it's nearly 6%. Gonna hopefully pay it off in 6-8 years instead of 25!

@stephandden

7 ай бұрын

Amazing! Love that you tallied it up deleted the apps 🎉 we'll cut back together! And that sounds like another great goal, too!

Been a silent follower for a few years now. Congrats on hitting 100k guys. I opened a savings account with EQ Bank because of you guys! I’m also from Toronto, hope I get to see you guys around the city one day. Cheers!

@stephandden

7 ай бұрын

Thank you so much! We appreciate you 🙌🏿🙏🏻 definitely say hi if you see us around!

The goal this year is to pay off all debt! It's going to be really tight this year. I need to see what I'm spending so your spreadsheet/tracker should help out! CONGRATS🎉🎉🎉

@stephandden

7 ай бұрын

You’ve got this!! Keep us updated 🙌🏿👏🏻

@stephandden

7 ай бұрын

And thank you! 😊

I am actually going to do 6 months of No-Buying for the entire month. Will likely alternate or clump together a couple of months. Last summer I did my first month long No-Buy and was able to cash flow my entire move abroad. My hope this year is to reach my emergency savings goal and max out my Roth IRA. Starting January off with a No-Buy and am feeling good so far!

@stephandden

7 ай бұрын

Love to hear that you've already 'tested' this method for yourself with a one month no-buy last year, and saw a very tangible result from doing it! You'll have to keep us posted on how it's going throughout the year, we'd love to know! Good luck + can't wait to see you hit your goals 👏🏿👏🏻

Congratulations on 100K!

@stephandden

7 ай бұрын

Thank you!! 🙏🏿🙏🏻

Great video! Your videos always help to keep me motivated for my own financial goals :) This year, I am aiming to spend less on clothing (trying to only buy things that are a need rather than a want) and save up for 10 or less pieces of clothing that are perfect rather than buying more items that are just okay but not great (I end up with too many clothes to fit in my closet this way). I am also trying to sell clothes I don't wear to free up space and money! Also, would you ever consider doing a met-up or group for young people interested in finance/investing? I am in the Toronto area too and would love to meet you both one day! :)

@stephandden

7 ай бұрын

Thank you! We love to hear that 😊 + that sounds like a great, specific goal that we know you'll achieve! That's a great idea - we've always wanted to do something where we can meet more of our audience IRL (and there seems to be a pretty big group of people here in Toronto). We'll definitely keep this in mind and try to put something together!

I think my budget tracker has something like 60 categories. 2024 is my 10th year tracking every single penny entering and exiting my bank account.

@stephandden

7 ай бұрын

Wow, that's a lot of categories! Love to hear that you've been tracking your spending for so long 👏🏿👏🏻

Great to see the effort you two are putting in. I am just curious to see how your true expenses will add up compared to your latest budget? Would you be able to do a video on how your grocery bills stay under 300 a month? This is what me and my partner struggle with the most.

@stephandden

7 ай бұрын

Thank you! We’re planning on doing quarterly update videos to show how we’re doing! The first one will be at the end of March 😊 Last year our groceries ended up being about $300/month each (just under actually) - but it used to be higher! The biggest changes we made were 1) buying meat in bulk at Costco a few times a year and 2) not overbuying (aka we don’t have very much food waste at all)

Lmao. I literally have the same goal for this year of spending 0$ on uber eats😂 so far so good

@stephandden

7 ай бұрын

1 week down! 👏🏿👏🏻 ha!

Goals are a beautiful thing, this year I'm taking a break from my traditional asset-building goals that focus on stocks, business, crypto and/or real estate and create things likes courses and books. Stay up fam, happy new year

@stephandden

7 ай бұрын

Thanks for sharing! 🙌🏿🙌🏻 Happy new year!

I think I have been following you since you were like 15 k followers probably and now you are at 100 k! Congrats 🎉 🎉

@stephandden

7 ай бұрын

Wow, thank you so much! 🥳🥳

Cutting down on food delivery, I approve!

@stephandden

7 ай бұрын

🙌🏿🙌🏻 us, too - ha!

went to walmart and got EXACTLY what i wanted. nothing extra $40.09 which included powder drink mix instead of buying a gall of juice for $2.89. i can make multiple gallons with the mix that was $4.24.

@stephandden

7 ай бұрын

👏🏿👏🏻

Instead of giving up Uber Eats cold turkey, could you not make it a goal to use as an affiliate income opportunity? It depends on what you are comfortable with. However, if you create the affiliate income to offset the expense, you get to keep it. 💡

@monique9003

7 ай бұрын

Another idea is that if you like eating out I saw on CNBC make it with this guy became a mystery shopper so that when he ate out he will get his meals compensated.

@stephandden

7 ай бұрын

If that works for you, you could! I personally don't want to be spending in that category / want to challenge myself 😊

A money course sounds interesting! Reminds me of Ali Abdaal a bit, who has a Part time KZread Academy program, and has made millions with it haha

@stephandden

7 ай бұрын

Thanks, Jaden! Yes, he definitely has a successful course 👏🏿👏🏻

A fun little wrinkle, but where does the app Ritual (the food pickup app) lie in all of this? Also, the world needs to know your favourite Thai spot! Haven't had bad Thai food in the city yet and personally have enjoyed Pai, Khao San Road, Salad King, and Sukhothai.

Steph and Den: congratulations on the 100,000 subscribers. I hope you reach all of your goals this year and beyond. Last, but not least, what's Skip the Dishes?

@stephandden

7 ай бұрын

Thank you so much! 🙏🏿🙌🏻 Ha, it’s another food delivery service in Canada!

I appreciate you both so much. Thanks for the info and motivation :)

@stephandden

7 ай бұрын

Thank you so much for watching! 😊

always look forward to when you guys release a vid and congrats on hitting 100k

@stephandden

7 ай бұрын

Thank you so much! 😊

Great Videos Steph and Den. Can I please get the link to the budget tracker excel format. I tried the link in the video didn’t work. Also I like the idea of XEQT would you advice invest in just that monthly?

Huge congrats on 100k! That’s a major accomplishment 🎉🎉 I’ve been watching for a while now, also living in Toronto. It wonderful to see such transparency - best finance channel! Quick question (which you’ve probably answered before) what sort of account are you holding your emergency savings?

@stephandden

7 ай бұрын

Thank you so much! 😊🥳 We have Our emergency funds in a high interest savings account (specifically EQ Bank!) 😊

Hey Steph and Den! I really appreciate your content! Are you guys still using the Mint app?

I have never ordered food online or over the phone. I do all the cooking by myself. I just buy "raw materials". Most of the time my meals do cost under $5. I spend like $400/month on food. I do not spend money on cable or internet TV. I have a serious antenna in the attic and I'm able to see like 25 OTA channels. I have a prepaid phone ( voice and data). I work from home and I mostly use VOIP or apps. I have a car that sits in the garage all the winter. In the summer, I only use it on weekends. So, outside the mortgage, my expenses are very, very low. When I purchased my home in 2011, I was broke for about 3 years. I had to put in place a "survival plan". I have tried to reduce my expenses as much as possible. The situation changed for the better. I had lower interest rates for a few years and I kept the same payments. I was able to cut 7 years from my original amortization period ( 30 years). I'm down to roughly 10 years.

@stephandden

7 ай бұрын

Thank you for sharing! 😊 + happy new year!

You two are very inspiring. I started investing last year but honestly, I wasn't very serious. But this year, i'm going to take it very seriously. Keep up the good work and best of luck :)

@stephandden

7 ай бұрын

Thank you so much! We hope that you have a great year full of investing! 👏🏿🙌🏻

thanks so much for sharing your budget template!! is the budget template video already up?

@stephandden

7 ай бұрын

Of course! 😊 It's filmed but not sent out yet - coming soon!

Will you increase your grocery spending amount if you stop getting uber eats? Im working to decrease my grocery bill 😅 im looking forward to your real estate journey

@stephandden

7 ай бұрын

Good question - I'll keep an eye on this over the first few months of the year and see if it's necessary! 😊

If you plan to buy a house in the short term why don't you prioritize investing $35000 in your RRSP and use that tax-deductible to invest in your TFSA? You can withdraw up to $35,000 from your RRSP (or $70,000 per couple) for a first-time home purchase. I'm currently planning to buy my first house but don't know which one should I prioritize RRSP up to $35000 or TFSA.

If you're focusing on buying real estate this year or next, why aren't you maxing out your FHSAs?

Congrats on your 100K !!!!

@stephandden

7 ай бұрын

Thank you!! 🙏🏿🙌🏻

Okay this camera quality is gold. Are you recording in 4K or 1080P? Also, is the audio really from a lav mic? Is it treated in post?

@stephandden

6 ай бұрын

Thanks Tiffany! 😊 Yes, we’re recording in 4K. And no, the audio is from a shot gun mic that we’ve placed above the camera out of view. We have our gear linked in our bio.

Congrats on 100k subs :)

@stephandden

7 ай бұрын

Thank you so much! 😊🎉

Congrats in 100k subs .#growth

@stephandden

7 ай бұрын

Thank you! 🙌🏿🙏🏻

I think there may be a glitch with the budget overview page, specifically the income section. Do I have to wait until the month is over before moving forward and entering my salary for the next month? Once I change to the next month and enter the salary for February, it overrides January's salary to match (on the annual budget page).

@stephandden

7 ай бұрын

You only fill out the 'Budget Overview' tab one time - so you'd input your budget goals, and your current salary. If your salary changes for the next month, you enter that information on the 'Monthly Expense Tracker' tab, specifically within the 'Income Tracker' table on that tab. Then, it keeps January's salary as is on the 'Annual Budget' tab, but adjusts to the new salary amount moving forward. 😊

@buyDFL

7 ай бұрын

@@stephandden Ahhh... and you did say to change it to the month you start it. Okay, thanks for the breakdown. Liking it so far!

@stephandden

7 ай бұрын

We’re happy to hear that! 🥳

Buying stocks in your TFSA account seems to be your primary goal. This investing approach seems to be more suitable for retirement. So would I be correct to say your primary goal is to save for retirement and buying a property is the secondary goal for now?

@stephandden

7 ай бұрын

I would say our consistent, long-term goal is to invest for retirement, and our more current goal is to buy a property 😊

Do you guys include credit card pay offs as a monthly expense? Or would we not include that because we've already add what ever the expense was.

@stephandden

7 ай бұрын

We don't, as all of the expenses on the credit card payment should already be captured throughout the month 😊

I was able to save CAD$3500 because of watching your channel 8 months ago.

@stephandden

7 ай бұрын

Wow - that’s amazing! We love to hear that 😊

100k subscribers!!!

@stephandden

7 ай бұрын

!!! So exciting! 🙏🏿🙌🏻

My goal is to save £10k in my emergency fund and get my spending down to £20k (excluding rent). I spend way to much on things I don’t need so I think by having a goal that will make me spend more mindfully😅

@stephandden

7 ай бұрын

Amazing! Those sound like great goals 👏🏿🙌🏻 you’ve got this!

Do you recommend investing in real estate investments?

@stephandden

6 ай бұрын

If the numbers make sense, then absolutely. Real estate can be a huge wealth builder long term. We’ve got a series coming soon that will document our journey into real estate so stay tuned 😊

@lenoraStanley_876

6 ай бұрын

@@stephandden ok thanks, 10k they said I’ll get around 1000 at each year .

At the bare minimum, save enough to max out my ROTH IRA for 2025! Dream is to travel to Japan and come back DEBT FREE. Travel consumer debt is sooooo easy to fall into! Especially since it’ll be my bday so it’s easy to justify it as a “bday treat”. Save $1k for Xmas gifts.

@stephandden

7 ай бұрын

Those sound like great goals! 🙌🏿👏🏻

No Uber eats is so damn real 😂😭

@stephandden

7 ай бұрын

I know right 😅🥲

🎉🎉🎉

@stephandden

7 ай бұрын

🥳🥳🥳

Aren't you all getting older? No kids ?

@stephandden

7 ай бұрын

We’re definitely not worried about getting older at age 27 😊

@steveplays5408

7 ай бұрын

@@stephandden fyi you should be times ticking u are to naively to see it

@AduKofs

7 ай бұрын

how is that your business?

@steveplays5408

7 ай бұрын

@@AduKofs how is my question to them your business 🤔.

Great video as always, you two! A few questions, where are you investing your money again? By where, I just mean which stocks or mutual funds? And also, what program do you use for those graphics? They really make the quality stand out in each of your videos. Looking to transfer my current TFSA with my bank to an FHSA and pick different stocks with them. Even though banks don't have my best interest in mind. My WealthSimple account is performing relatively well, with a lot of the dividends I receive going straight to more capital for me to re-invest. But 1k a month for investing is an insanely high number, just want to congratulate the both of you in reaching these numbers! It sucks that last year was so tough but everything happens for a reason, I'm forced to believe. I was making so much progress towards my financial savings and investments, but now I'm saving significantly less and investing much less, too. Figuring out ways to turn hobbies into something that could pay me is my goal this year, but it's been a slow start unfortunately. Wish you both the best this year! Also, I'll be trying out this No UberEats challenge as well! Not exactly sure how to tally all of my Uber Eats' orders, but I can only imagine that it's high... Maybe not as high as yours, but it might be! I'll report back xD

@stephandden

7 ай бұрын

Thanks so much! We have a new video coming out this Sunday about our investments, but we're now both investing in XEQT (which is an ETF!). We like Adobe Premiere Pro for editing 😊 That's great! Let us know how you find the process of transferring your TFSA into an FHSA - we'd be curious to see how the process went. + Thank you! We've definitely climbed up to those numbers over the past few years! We hope that this year is a better year for you - love that you're keeping a positive attitude. In terms of your financial progress, life isn't always linear, but you'll always trend back up! You've got this. 🙏🏿🙏🏻 + yay for the UberEats challenge! Ha 😂 definitely report back! Maybe you can export a spreadsheet of your bank statements and see how many times UberEats comes up!

@JadenHercules

7 ай бұрын

@@stephandden Hey, no worries! I'll check out your investing video soon, as I'm currently auditing my spending on Uber this past year. Seems to be I spent between $700-850$ on Uber in 2023. A bit lower than I expected considering the amount of times I've ordered. Glad to be under 1k, although... I still would buy meals outside of the uber app almost every week as a reward for the days I was cycling, which were plenty. I should have my bank appointment this week, so I'll let you know how the process goes with transferring! Just hoping someone knows what they're doing, lol. And thank you for the kind words, hoping the same. Things come so unexpectedly, but my viewpoint heading into 2024 is mostly positive so hoping I can traverse these waves a bit more easily now. Thanks again for the reply!!