Erik | Legacy Path 🇨🇦

$200/month on alcohol from age 22: After 43 years ≈ $103,200 spent. $200/month invested in a broad equity ETF inside your TFSA at 8%: After 43 years ≈ $895,000. Tax free. Same $200/month. Different outcome. What's yours building right now?

@fammetaX Even better bro, the more you increase it the more freedom your future has

@LegacyPathCA facts bro. $500 every two weeks

$200/month on alcohol from age 22: After 43 years ≈ $103,200 spent. $200/month invested in a broad equity ETF inside your TFSA at 8%: After 43 years ≈ $895,000. Tax free. Same $200/month. Different outcome. What's yours building right now?

@BrandonWealth I know you like your cigars haha

@LegacyPathCA I prefer spending on cigars than alcohol ;)

@TheBTCKnight Me neither Knight, all we can do is learn from it

@LegacyPathCA I don’t ever want to think about the amount of money I wasted

@BrandonWealth gm brother

Good morning friends! ☕️📈 Hope everyone has a great Sunday! What’s on the agenda today? 👇

@fammetaX Start ASAP

How to retire early (easy): • Buy great companies before everyone else • Ignore the day-to-day noise • Let compounding do the heavy lifting • Turn patience into 10x+ returns What’s stopping you?

@Wealthy_Maple I also wish I started earlier. There needs to be more education and urgency for young Canadians to take advantage of the TFSA.

When the TFSA first launched, the annual limit was only $5,000. And I’ll admit it — I ignored it for a few years. I didn’t invest. I didn’t believe such a small account could ever matter. But timing is funny. Some years feel slow. Some years feel pointless. And then one year everything compounds at once. The TFSA I once dismissed became the TFSA I wish I started earlier. The best time to begin was back then. The second best time is today.

@NoLimitGains 50% isn't realistic for most people. But the principle is right, raise income or reduce spending.

If you cannot invest at least 50% of your income, you are either not making enough or spending too much. Figure out which one it is.

@LazaroInvestor Yessir

@LegacyPathCA Thank you Erik! Let’s keep building 🤝

I’m 27 and I’ve built over $400K in stocks, no day trading, no options, no fancy strategies. Just buying quality companies, holding long-term, staying patient, and being consistent. It’s honestly funny seeing accounts with portfolios under $100K charging for “courses” and guru signals… Meanwhile I’m sitting here with 400K still learning from others. Stay humble. Keep compounding. The boring way still wins ❤️

@LuisDGentili That's why you need to track spending. Most people will find they have more to invest after cutting out unnecessary purchases.

Hay una queja que escucho constantemente: "no me alcanza el dinero." La pregunta más útil: "¿en qué gastas tu dinero exactamente mes a mes?" El 90% de las personas no me responden. Cuando tienes la respuesta, tienes el control. ¿Sabes exactamente a dónde va el tuyo?

@LuisDGentili Thanks Luis. It takes little effort and can build massive wealth long term.

@LegacyPathCA Autodeposit is the silent 'secret' that will make you rich without noticing it. Great advice, Erik!

Every time you get paid do one thing first 🇨🇦 Transfer a set amount into your TFSA before you spend a single dollar. $50. $100. $200. Whatever you can. Don't know what to buy? Low cost diversified index funds are a great option for most Canadians. The secret isn't picking the right stock. It's automating the contribution before lifestyle gets to it. Your employer does this already with CPP and EI. You should do it with your wealth too. Set it up tonight. Thank yourself in 40 years.

@notanotherquant GM my friend. I'm taking Norway

GM and Happy Saturday! Looking forward to the Norway vs England match later today ⚽️… who do you got 😁 Continuing to monitor the bitcoin:native situation. Prioritizing sun and sleep ☀️💤 Hope everyone has a great weekend.

@TheBTCKnight It's amazing what can happen if you give it time

@LegacyPathCA Doing this will completely change people’s lives in 20 years.

@TheBTCKnight Gm Knight!

⚔️Good Morning Knights. Did you get to sleep in? The weekends are a great time to catch up on stuff. Like doing fun things with family. What are you doing today that’s fun? Have a great Saturday. #gm #bitcoinknight

@LazaroInvestor Gotta keep building 💯

@adrianviewpoint @Wealthsimple I love Wealthsimple

@LegacyPathCA I think every Canadian should be with @Wealthsimple, you can automate so much of your financial life. Great perks too. I have no love for the big 6.

@HubbyWifeshubby It makes it so much easier

@LegacyPathCA Great point. Setup auto withdrawal so that you aren't required to move that money. You won't even miss it

@TheBTCKnight 100% Knight, those surprises will happen. Automating contributions, whatever amount it is, builds your investments before you have time to use it for other things.

@LegacyPathCA Absolutely. Invest first. Life is always going to have surprises that will suck you dry. This is the way.