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/biz/ - Business & Finance

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55965480 No.55965480 [Reply] [Original]

So I recently dropped out of college and decided to work at a warehouse full-time for several years. I'm going to bum off my parents and maybe my friends who have government housing and just stack up as much savings as possible. Saving 30k+ a year for the next 5 years. Then I want to stuff my money in a TFSA and a medium risk ETF like VBAL. Then I plan on getting myself in a coma when I turn 30, waking up at 50 as a millionaire. Is this a solid plan? Or should I stick with college?

>> No.55965703
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55965703

30k is useless, not even rent money, don't work in Canada. Go to school here, or be a welfare queen, or retire here but get out ASAP to make money.

>> No.55965754

>>55965703
But move where? I was thinking Alberta but. If you mean the States I don't really have much to offer in terms of skills.

>> No.55965816

>>55965754
If your investments can reach escape velocity to the point you can passively make $20-25k/year you can live a normal life in SEA/South America as a NEET

>> No.55965918

>>55965816
I mean, can VBAL really do that? I plan on putting 1k in VBAL right now and just let it sit there until I'm 50.

>> No.55965938

>>55965480
> Then I plan on getting myself in a coma when I turn 30, waking up at 50 as a millionaire.

How exactly do you plan on accomplishing this?

>> No.55965941

>>55965918
No idea. If I had just dumped my money in Canoe EIT when I opened my tfsa I'd be retired in Thailand right now.

>> No.55966000

>>55965754
The Alberta advantage is gone. Also if you're non white, which I believe you are, you'd best stay in eastern Canada. I'm not saying this because I'm racist (although I am) but because there is no better life over here for a darkie than out east with family. Go back to school if you want to succeed. Meet the requirements for a visa to the states.