Tuesday, October 1, 2019

Case study: Work on my Canada millionaire dream

Oct. 1, 2019

Introduction


It is my personal finance research. I will celebrate my birthday this month, I will have 53 years old birthday. I like to work on a short research how to be a Canadian millionaire.

Case study


I did a short research first time how to be a millionaire today. I never thought about that I can have a million dollar asset in Canada. I just adopted frugal life style in March 2019.

Right now I set up my investment portfolio Victoria on questrade.com, my deposit is up to $50,000 dollars. And also I work on my RRSP, it is around $7,500 dollars.

How to be a millionaire? 


I need to learn how to double my asset? I have skills to be a software engineer, I work full time 10 years in Canada.

$57,500 -> one double -> $115,000 -> another double $230,000 -> another double $460,000 -> another double $920,000

I need to work on 4 double games. It is a long road for me to work on.



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