7+ years in crypto
1 Followers
We all have an idea of what we want in the future, for me it’s to have the freedom to not have to worry if I lose my job where my next paycheck is coming from because my investments will cover the cost of my living. It takes time but it’s worth every penny saved to hit your goals. Ask me how to invest.
I just entered some rough data into a compound interest calculator for you. An initial investment of $20k, monthly additions of $583.33 ($7k TFSA limit divided by 12 months), and an annual interest rate of 10% for 5 years gives you a value of $77k. From here, you can determine if this is enough or if a more aggressive approach is needed. Also, if it would be your first home purchase look into the FHSA.
Sold Xrp for Zebec