are we a middle class ?

[Choice]

OP - I can't believe you would even consider yourself middle-class. The question should be 'how rich do you think I am?'
Seriously, to own a rental property with a 70K down payment - alot of middle class folks can't even put that down for their primary property.

[kwjent]

You are in a fine position. You are more in the upper class of Calgary.

My advice, save a little but enjoy life. You sound like you are cheap and miserable.

[Sugarphreak]

....

[ZenOps]

Did you know that you can put gold bullion into an RRSP?

They changed the rules back in 2005 to include silver and gold bullion, but the vast majority of people don't know about it. If you want a little bit of diversification, you might consider a few ounces stuffed away every year. It must be Canadian mint certified.

Now... As to why Canada would change the RRSP rules to allow bullion which they have never allowed in history - is a conspiracy theory in itself.

[se7en]

Wait. U make a combined $20000 per month, and only buy discounted stuff and take lunch to work? Sounds like you have some fuckered morals and need to start spending more.

Hmm. Sounds like lies. People that make money like that don't tell others lol. My
Family makes 100k per year, and i can do whatever the hell i want. More than double would make me feel sofa king rich.

Go buy a baller car and a nice rolex.

[se7en]

Want to add, what kind of idiot asks " I am a millionaire. Am I middle class?"

[holden]

if you and you're spouse are making a combined 240K per year, you would think you would know enough about the economy and our society to be able to answer that question yourself... let alone create a thread topic that uses proper English...

[redblack]

OP is probly sooo cheap that he doesnt turn on the heat at home, takes showers at work and poop's at the gas station.

If your really worried about your financial position, go ask a financial planner not a car forum where most of the people here are younger and just making ends meet

[nrt_vw]

......CHEAP....

[slcchyd]

Originally posted by ee2k
Op that's a quite impressive state to be in. How long have you two been in the industry? What did it take to be where you are at? Do you sacrifice much in terms of entertainment, travel, family etc? Those down payments are impressive: is it all saved up money or inheritance?

We have been industry 10 years but only 6 years in Canada .
this down payments are all saved up.

BTW ,we have one infiniti FX 35 ( a decent but not fancy car)
we normaly do two trips every year and go ski and golf few times.

[Tik-Tok]

Originally posted by J-hop
are you planning on having kids? if not I would agree with above. But if you do that could change you situation (would put you from above average to middle of the pack). The combined income of my parents is over 300k/year but with 3 kids in our family I would not consider our family above average at all!

Guess my wife and I are in the lower class then, only taking in 130g last year combined.

Originally posted by slcchyd


We have been industry 10 years but only 6 years in Canada .
this down payments are all saved up.

So you've ONLY been in the industry 10 years and making $120g a piece, and you have no problem saving up $70g in less than 6 years to buy investment property.

Yeah, you're totally piss poor.


This whole fucking thread

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[benyl]

Originally posted by Tik-Tok




Guess my wife and I are in the lower class then, only taking in 130g last year combined.

Don't worry, you aren't alone.

I expect to be at the poverty line in a couple of weeks when my kids pops out.

Our income will be cut in half and I will have a kid! OMG, the world is ending.

[Kloubek]

I can't help but think this is a troll thread. Purpose: Unknown.

[C_Dave45]

Originally posted by se7en
Want to add, what kind of idiot asks " I am a millionaire. Am I middle class?"

Originally posted by holden
if you and you're spouse are making a combined 240K per year, you would think you would know enough about the economy and our society to be able to answer that question yourself... let alone create a thread topic that uses proper English...

^ Agreed

Originally posted by slcchyd


We have been industry 10 years but only 6 years in Canada .

On behalf of Canada; "you're welcome"

[corsvette]

Originally posted by Kloubek
I can't help but think this is a troll thread. Purpose: Unknown.

I agree with that. Maybe its another "Beyond Boast Thread"

[The_Rural_Juror]

The math doesn't add up.

[BrknFngrs]

Originally posted by se7en
Wait. U make a combined $20000 per month, and only buy discounted stuff and take lunch to work? Sounds like you have some fuckered morals and need to start spending more.

OP is clearly a little bit out there, but this post takes the cake. You're questioning his morals on the grounds that he brings a bag lunch and buys things on sale?

[ZenOps]

How does it not add up?

Hes probably overcontributing to RRSP, which personally I think is *insane* for anyone who is in the black.

For anyone owing credit card debt at high levels, borrowing against RRSP can get you out ahead as long as the Canadian dollar does not collapse. I would say its a win-win, but for the US the risk would be too high - its much better to just hang ondo credit debt than risk RRSP debt.

Hanging onto credit debt means that if SHTF, you can declare bankruptcy immediately. If you delay the pain with an RRSP, you may have to take the pain later, which can be worse.

Its sort of like Chicken pox in that way. Sometimes its better if you take the pain early.

[B18C]

OP: You really need to meet with a good financial advisor and get a realistic financial/investment plan for whatever your retirement goals are. You and your wife make good money and are obviously good savers but to have $400k in investments and have no idea where you are financially doesn't sound very smart. You definitely shouldn't be doing self-directed RRSP and TFSA investments if that's the case anyways.

[The_Rural_Juror]

Op = Russian 89coupe