Are you on track to retire in Canada - How Do You Compare? | Retirement For Canadians
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- Опубліковано 19 чер 2024
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Today I'll cover statistics in Canada surrounding retirement. Are you on track?
#stockmarket #canada #theinvestingacademy
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Intro (0:00)
Retirement Trends (1:49)
Spending In Retirement (7:35)
Pension Plans (14:43)
Sources Of Income (17:14)
Outro (22:01)
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About Brandon Beavis:
Brandon Beavis was one of the youngest advisors to become fully licensed here in Canada.
In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.
At age 20, he became a fully licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For 4 years, he worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million-dollar client accounts.
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About Marc Beavis:
Marc is a retired Portfolio Manager, having spent over 25 years in the investment industry, managing multi-million-dollar portfolios and working with clients of all ages. He retired in 2021 and is a regular contributor to this channel.
Following his initial licensing back in 1996, he completed a number of industry courses, including the Derivatives Fundamentals and Options Licensing Course, Portfolio Management Techniques, Wealth Management Essentials, Investment Management Techniques, Fixed Income Investing, Hedge Fund Essentials, Portfolio Theory, and of course, the Canadian Securities Course.
Marc previously served as a Director of the Canadian Association of Financial Planners (Now FP Canada) including the roles of Vice President and Director of Ethics.
When working in the industry, he held the Chartered Investment Manager (CIM) Designation as offered by the Canadian Securities Institute. In addition, Marc was a Certified Financial Planner (CFP) practitioner, the industry gold standard in financial planning.
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
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I apologize for the audio being a little off... I'm really sorry about that! I'll have it fixed for my next video.
As an AV tech myself. Your audio was fine and dandy you perfectionist haha. Intelligibility was great. I mean... you can start doing some investment ASMR videos with an SM7 mic. Could be huge lol
A video a day now? Marc is getting the post-retirement boost in productivity.
Even though I retired in March 2020 right before we became aware of covid it has been a surprising delight with many inexpensive hobbies I now have free time to explore and the great outdoors of Canada open to me. Walking biking kyaking and enjoying the beautiful weather freely as I wish. I waited til 68 but always worried that I would outwait my health, so far very good. I devote two hours to walking every day which I consider my new job of working on keeping my health up.
Not sure where you live Pat but Norfolk, Ontario has great kayaking and biking trails near Turkey Point.
Hi Brandon, as a new stock investor in Canada I have been watching your channel and its been very informative. However I have been meaning to comment on the addition of Marc (your dad) on the channel. No offence but I am now watching more videos from your dad since it is more relatable to the topics I am interested in (can you guess I am middle age... :)). Anyhow just wanted to let you know in case you were thinking about firing him. LOL... if anything give your dad props and a hefty raise and maybe change the channel name to "Beavis Investing" :). Its not easy speaking in front of a camera and Marc seems to be a natural and a great communicator. I know when he first started on your channel he mentioned this was all new to him. Little did he know he had UA-cam talent! Keep up the great work guys!
They are very wise... having all the demographics covered. 👍🏻
It's really smart to include these on the channel. With an aging population these will be watched for years
Loving Marc and the retirement series!! Helping me plan!!!
Another great video for the retirement series, Marc. You are on fire!
This kind of information and analysis is invaluable, while others talk a lot of noise you get right into what really matters and lay it all out so thoughtfully and clearly. Thank you!
Having watched 4 of you're videos now, my wife and I feel really good about our current situation. Just gotta keep pushing forward.
Watched and liked, thanks Marc! Excellent content as usual.
This was immensely helpful. Thank you so much, Marc. I'm 15-20 years away from retirement but I'm glad I finally discovered this channel.
Nice having you in the community. Thanks for watching and taking the time to leave your comment. - Marc
great video marc! thanks for the knowledge!! i feel like im getting free, high class financial advice.
Behind. Have a concrete plan.
Way more positive today than I was on Monday. Your channel has helped so much.
Thank you.
Thanks for your comment, and all the best in this catching up phase. - Marc
A lot of incredible information in this video. That being said, I dont know any better on where I stand compared to others after watching...
Excellent video! When I turned 40 last year I re-evaluated my budget and really started to consider the best ways to prepare for retirement. As we all know life happens and things like divorce, family deaths, etc can often have severe consequences on retirement planning. I would love to see a video where you discuss major life events and the possibility of retiring as a single person because it seems that most retirement advice in Canada is geared toward dual income retirees. Thanks!
Great video as always, thank you! As a future video in the series, I'd like to hear Marc's thoughts and analysis/strategies for FIRE and how it is different from traditional 60 to 65 year old retirement.
Such valuable info. Thank you very much. In our case, me and my wife only arrived in Canada 4 years ago. We are behind because we invested in education, but we're slowly starting to fill up our TFSA's, building equity through mortgage payments, and we plan on start contributing to our RRSP's next year.
So informative - excellent research!
This was the best video so far on this channel. Lots of great data. I am lucky to be above average net worth for Alberta :) This video reminded me of The Money Guy but for Canadians!
Indeed a helpful video, thanks!!
This was a tremendously informative video. Very good and reassuring!
Thank you for the great information thus far in the retirement series. Can you dive more into the other sources of income specifically rrsp’s and Rrif’s, the tax implications of drawing from these and building out a full plan including all of these and the government services )I.e. cpp and oas) depending on different spending requirements?
Really found all the statistical info very informative - thanks for showing it. Lots to think about
My pleasure, Rosie. Glad you found the data helpful. - Marc
You are the best! Thank you so much for the great content!
Loving the retirement series. I would like to know your thoughts on some of retirement all in one etfs such as vanguard or RBC or who ever. Are they worth picking one and commiting all funds to that and doing the coffee can method of investing that way? Keep up the great work.
Love this kind of video!
nice to see a video understanding your fund performance like you see on Morningstar
He’s retired so I’m assuming he no longer manages any funds. There’s a series he’s doing with Brandon where they’re investing through Questrade & Wealthsimple you could track.
Great video Mark!
Hi. I found your channel yesterday and right away I shared with 2 friends.
I am 48 and recently retired, I belong to the FIRE movement and compound interest was one of the reasons I got to where I am today!
Can you make a video if you haven't already, about compound interest please? Keep up the good work!
Great Video Marc. We're behind and it's a wee bit scary! We've just had to close our restaurant due to COVID and a greedy landlord hiking our rent. Have lost 10 years+ of good $s going in for CPP. Good info and will be trying to catch up (a wee bit late) with your great advise.
Thank You Marc, for another excellent video in this series. If those median net worths are inclusive of principal residences then these are grim statistics indeed. Maybe have an addendum to this and talk about this aspect of saving for retirement and not putting all the eggs in one basket (Your Home). The sad truth is, you can always rent a house and be flexible with its location and size but you can't rent retirement. - cash needed to live on in retirement. I Appreciate all the effort put into making this.
I often think of that statement made in the book Rich Dad poor Dad. Your house is a liability, not an asset. There is some truth to that
I think the chart you showed on spending across Canada has a lot to do with how much people make. The more you make, the more you spend. This is the main reason of the difference between west and east coast. Great video Marc.
Hi John. So true, right? We tend to spend what we have available, so more income means more spending. - Marc
Hey Marc, another excellent video with valuable info.
Thanks so much. - Marc
We all wanna have a look in into any investments but many of us do not know where to. thanks Marc
Thank you for all of the statistics. Family of 4. We're in our 50s. I think we're actually on track. Still learning about investing. Thanks to your info I'm making a more specific plan. We're in the small% of a defined pension but have no idea how much it will pay. Research needed. Thanks
You should contact your pension administrator to find out. On top of that you should receive your yearly pension statement.
Thank you for input. We are ahead with 3 M.
Keep it up! - Marc
Great content. Thank you !
Thanks, Karli. Appreciate you watching. - Marc
Great video. Most of peoples net worth is there homes. What about how much RRSP & cash should someone have saved in ages 30,40,50,60. Any break down
I feel like this would definitely depend on how comfortable you’d want to be post retirement And what your expected expenses are once you retire
I would like a video like this
Super video Mark, you and Brandon are really doing an amazing job for the community… helping others with your wisdom… I am not sure if I will be ready for retirement… as I am not where I should be in your charts as a single part time parent…. @ 45 my net worth is really low as I am paying off dept (divorce)… some RRSP, even less TFSA, but the bright side if I work till 65 I will have a 22 year public sector pension… One thing I know with the video’s I feel I am on the right road though… knowledge is power… and I have better tools to arrive at a good retirement… Thank you guys… keep up the amazing job…
Thanks for a great comment, Robert. Glad you've taken the time to check in and see where you're at, and with the pension plan, it will help a lot. All the best. - Marc
Found u again...yap I'm on track to pay 2 pay check...👍💙👍👍👍👍
Another reason is ... many companies stop providing pensions or change the formulas to calculate pensions and bonus (not to benefits employees )
At age 32 with my partner age 30, I think that we are ahead of schedule while living in Ontario. We have very little consumer debt and have purchased our home in the GTA with a manageable mortgage. Family support and good-paying jobs have contributed to where we are at, as well as maxing out retirement savings through our employers early. Thanks for the content! (I'd suggest shooting your camera in manual mode or getting a camera that autofocuses better... the constant hunting of your video was a little distracting, but maybe only I noticed it as a photographer/videographer)
I'm curious what the median Canadian spends on goods and services. To me that average feels like it has some rather large outliers scewing it. The median household income is only $62,900 for 2019.
Could you make a video about the sequence of return risk in retirement. It would be helpful to see different scenarios with similar yearly returns but in various sequences of return and how it affects retirement portfolio. What would be the strategy of withdrawals in good sequences versus bad sequences of return.
Good information, more video on retirement topic please ! How about doing a video on real estate rental income investment vs ETF stock type of passive income retirement.
Very informative, nice video. Thx
Glad it was helpful, and thanks for watching. - Marc
Love the video! Can you do one specific by age segment? I know this might touch more on budgeting than investing but I think it would still be related! Aka where the average 20-30-49 year old is and if they should be focusing on saving for a down payment?
I did an excel projection how much I would need to have to earn 4% and maintain a good lifestyle and I’m currently ahead of schedule thanks to the stock market rally. Given this last year’s returns were amazing.
At 21:56 the video says the lowest is P.E.I at $211k but N.B> is shown as $185k
So true... thanks for catching that... Not sure how I missed that, but N.B. residents take the trophy! Thanks for your comment. - Marc
I’m behind. Trying hard to get my debt paid off. Have a small employer retirement plan set up. Plan to invest more with a TFSA and RRSP once my debt is done
Living in the territories also gives you higher income tax deductions to make up for the higher cost of living too
Un vídeo muy interesante, lleno de buena información, es muy diferente en mi país (Colombia) pero creo que voy por buen camino.
"A very interesting video, full of good information, it's very different in my country (Colombia) but I think I'm on track."
Emergency fund for things like furnace, hot water tank, car repairs, large dental emergencies.
Thought: when you do a "series" could you include links in the description to the others videos in the series? im interested in watching #1 and #2.. but it not easy to find on your page since you have so much content :) just an idea
Thanks for the suggestion. In the meantime, we do have playlists, and if you look for "Retirement Videos", that will help get you to the others in this series as well. Thanks again for watching and for your comment. - Marc
Great video, once again!
Could you please do one on how to invest, 20k, 50k or 100k, if you are 5-10 years from retirement and have lots of TFSA and RRSP room?
It would be really helpful if you gave concrete examples of stocks or ETFs that you be beneficial for this situation. Thanks so much!
Interested in this as well
I think I am ahead.
Great content there! I just thought you should know your camera auto-focus is a bit outta whack. It keeps on shifting between your face and your hands when you make gestures. Keep the advice coming, thanks!
Thanks. Yes, I made some changes to my camera before shooting and obviously did something wrong. Sorry about the distraction. Appreciate your feedback, and thanks for your support. - Marc
It’s re assuring to see that I’m doing well for my age group . With 71k net worth not including equity on my home at the age of 25. Still managing to live a good lifestyle while investing . Hopefully things will go good and I can keep it up throughout my career and put myself in a good place to retire relatively early ! Thanks for all the info in this video !
I like your attitude of balancing putting money aside and living a good lifestyle. Will serve you well, and at 25, you're ahead of most. Congrats. - Marc
How old are you?
My public sector defined pension is a blessing but I think I’ll take the commuted value before age 55 and retire early. I need a 90 factor for the full pension but I don’t want to stick around that long.
This content is so good. I really appreciate it. Based on this information I'm ahead of track in terms of net worth (which was a bit of a surprise to me). That said, turning 50 late last year was a major kick in the butt for me to really get serious about retirement planning. Based on this I've ramped up my savings to $30K per year, plan to use the tax refund (I have tons of RRSP space) to pay down my mortgage and be mortgage free by 58, and have worked out a spreadsheet where I can manipulate variables like returns pre-retirement, returns post retirement, tax rate post retirement, inflation, and expected starting annual income in retirement to see the effect on annual and monthly take home pay. It has my wife and I living to 95 and also shows the money left over at 95 and potential inheritance going to each of our three kids. My goal is to retire at 61. Doing this has given me a sense of control I didn't have before and I highly recommend it. Now the challenge of sticking to the plan and continually tracking progress will be key.
Hi Matt: I am looking for spreadsheet just like what you have. Did you find it on the net or its something you have created yourself? Can you share where did you find the spreadsheet?
This is a great video especially for people like me. I am almost retiring but I barely have any savings, except a home.
Thanks. Hope you'll do ok in retirement... all the best. - Marc
Also net worth would include home and maybe cottage, stuff that will not support you in retirement. Retirement funds could be a lot less than this graph. Although you home fully paid could make your financial needs a lot less.
Good to know my family is ahead of average net worth. However our lifestyle requirement is also above average. My process has been figure out the yearly expense( has been tracking for last 10 year with a expense tracking app), figure out how much we would need in retirement to fulfill the expense requirement. Then work backwards to find out how much I need to save every year while I am working and transfer that amount each month into my investment account. I can spend the rest guilt free. I used the Calculator on Service Canada website. Do you have other retirement planning calculator you can recommend that offers more flexibility that I can play with different scenario, Marc?
13 54 you said people with a plan will rely on Government? you meant to say RRSP
Just new to your channel, i appreciate how you pull things together. In 2019 we would have been on track, 2021 we are ahead. Not sure if you have covered the following topics, snow birds and owning or renting in retirement. I am leaning to the renting option, as we could invest the sale of our home and live off the proceeds. Your thoughts would be welcome. Cheers
In Canada, housing prices will continue to rise. IMHO a house is the safest place for your money. Personally we will rent out part of our basement which will cover our expenses. A rental unit cost will continue to increase. Your money in the markets to pay that rent is at risk.
I have a question about Common Share vs Preferred shares and all those kinds of different share types? I was looking at a fund ETF DFN and two types of shares are offered… both pay the same dividend one is 2$ cheaper… whats the catch… as always thanks you for the great videos…😃
Hi, Brandon. I saw in Questrade that we can choose the route for a trade( Ex: AUTO, NYSE, NASDAQ, MNGD, BATS , EDGA , etc)
Could you please tell me what is more convenient to use. Thank you.
Ok if I spend everything my son won’t get to inherit and since I had him when I was 25 I am trying to guide him a bit as I don’t want him be unprepared for retirement on his own rather than to be holding his breath hoping I will die so he is not penniless in retirement.
Hi 👋 I'm very much eagerly 😊 for your vlogs about retirement.
Thanks for watching! More upcoming on this topic. - Marc
Looking like we're on track or slightly ahead. $150k equity in home in Halifax area. Both of us are early 40s with no kids other than fur babies. Both have defined benefit pensions. Also building up a TFSA for some passive income in to bring our retirement income closer to our working income since it's not likely we will have the mortgage paid off when we retire.
I read Larry Bates book and found out Canadians pay the highest fees then any other country. I left my financial planner and sold all the mutual funds. Some were as high as 2.5 % plus the advisor fee. That is a large factor.
Starting saving in my mid 20's. Read a book called the Wealthy Barber in my 30's and took the advice to heart (save 10% of every pay cheque). Leveraged my employers defined contribution plan and their $$ match to boost my savings ability; invested in various equity and money market funds. I moved the funds eventually in self directed RRSPs (mine and my spouse) and have concentrated building a diverse, dividend paying portfolio and it's done me very well. As I got older, I made a point of also putting money against my mortgage and was mortgage free by 50. My spouse only worked part time for most of our married life. We decided to forego extra $$ so she could raise our two kids. We sacrificed some by not living a life full of spending on many pleasures, but it's paid off. We'll retire early (60).
What an awesome story and journey. Thanks so much for sharing, and continued success going forward. Cheers. - Marc
We have a wifi provider for $50. internet only and find no longer need cable. We don’t have cell phone but iPads with online phones.
I am 34 years old, wife who is 30 and we are raising a current 3 year old planning for a second. Was lucky to save and purchase a starter home in 2013. It has since +doubled in value. I worry about home buying opportunities for the people my age and future generations to come. My family net worth is better then most only because I was lucky enough to pull the trigger during a more realistic home buying era and my frugal nature. Keep the content coming. Love the Canadian investment content. You guys are realistic & teach what I think should be mandated in our education system.
Well above just with house value alone.
Does the net worth values include real estate, specifically peoples homes?
I'm in Halifax, Nova Scotia and well below the Net Worth average. I am from the US (moved in 2016) and have only worked for 4.5 years in Canada. My wife and I (we are 33 and 32) have a combined net worth of about $100K including the equity in our home (plus an estimate of current sale prices) but very little set aside so far for retirement. We know that we are in a great position but need to get serious. We are starting to invest now and have a pretty conservative plan to be able to pay off our mortgage in about 10-12 years. By 45, we should be much closer to average and keep on going sailing.
Thanks for sharing your story, Steven. I'm confident you have things on the right track, and have certainly done your homework. All the best along this journey, and thanks for supporting our channel. - Marc
FYI all these stats are household. Not individual... the video said individual few times
Are the numbers provided before tax or after tax?
I’ve really been enjoying this retirement series of videos! This one is jam-packed full of real, factual information for folks like me; 6-10 years from “retirement.” I’d love to hear your take on using dividend-paying whole life insurance as a retirement asset. Keep up the great work! 🙂
I like the addition of Marc. He seems so natural. Marc, what did you do for a living? Did you like it? Also, now need to get Mrs Marc on with Mr. Would be very interesting. Thank you
Thoughts on Just Kitchen Holdings $JK?
Lawn Chair Lazy...finally figured it out.
I honestly thought the net worth numbers would be much larger. I'm probably looking at my own situation where housing values in the Toronto market have gone bonkers but I'm probably not factoring in the number of people that actually don't own homes. I think the latter number is probably around 30%.
Hi Marc, thank you for explaining this! I have been really learning how to invest and plan for the future but I really would love some personal advice to affirm or help advance my abilities. Do you do consultations as well? Just curious. Thank you!
Wow, based on the numbers shown in that video, I am a financial mutant. I landed in Canada at 27, coming from France, and all I had was all my savings at that time.....20 K$.
24 years later, I own my condo in Calgary (paid off in 8 years), and I already have over 800 K$ in investments (RRSP, TFSA, Margin account). I am targeting to take my retirement at 60 and living up to 70 only using Marging account and TFSA money. My goal is to have minimum 60 K$ a year without to have to pay a cent in income taxes from 60 to 70. At that point, my RRSPs should have a value between 1.5 and 2 M$. That money plus CPP will allow me to have a very enjoyable retirement up to the end (even with paying income taxes)
Thanks for your comment. Sounds like you've got the plan... I'd just ensure you've got the math correct, with the strategy of deferring all registered income until 70. I can't comment specifically on your case, of course, but generally start to ease some funds out of your RRSP prior to age 71 makes sense, in many cases. That said, if you've done the calculations and are comfortable, then all the more to you! Thanks for watching. - Marc
Housing in B.C is expensive but all paid up. but hope the cost of living on such things as insurance doesn’t wipe me out in future.
Property taxes join insurance as my ongoing worry. If I lived in BC it would be an even bigger worry, but it is still a concern here in rural PEI.
I’m 37 in central Canada, my net worth just recently cracked 1m.
Good info, IMHO getting as much money into your TFSA before 65 is very important. Also have cash available after 65 to continue topping up that TFSA. Having a high net worth outside of a RRSP (looking poor in the eyes of the government) gets you maximum GIS and other income based benefits. IMHO unless you make above $50,000 a year RRSP are not a great investment.
with any work pension over 18K a yr =No GIS, which burns yer aZZ as you put in $100 a week for 25-35 yrs to get it, when someone that didnt gets the same in GIS essentially.
@@91rss There are 2 different worlds in retirement, those with indexed work pensions and those without. If you lucky enough to have a indexed pension you can put your retirement somewhat on cruise control. Those without you need to plan to ensure you can get as much government benefits as possible through building up your TFSA.
@@WATCHLLS yes, what I see people doing on twitterland, is commenting negatively on those with a pension, till I remind them it costs $100 a week to contribute to it when someone that doesnt have a work pension and thus saves that $100 a week for 25-30 yrs will get the GIS in nearly the same amount as people with a plan so they are ahead . as someone with a plan that returns over the $18,500 a yr wont get a penny of GIS.
Unless you can live on $1500 a month, GIS is a moot point. It is designed to help low income seniors, so get over it if you have the ability to contribute to the society. Stop being so negative, it’s very detrimental to your health. Remember givers are happy person.
@@freedomlife3623 If you have $350,000 in your TFSA this can pay you about $2200 a month in tax free dividends. TFSA income doesn’t effect GIS.
People are also spending more money for a longer period of time on children. Children spend longer in school ($$$), live longer at home etc...that will definitely kill any early retirement plans.
Are all these numbers for provinces per HOUSEHOLD or person ?
We're ahead but only on paper!
I want to say I’m ahead a little bit, I’m 21 with about 70k net worth and I just started investing into my tfsa I want to try to max it out by the end of 2022
I have to say, you are ahead by quite a bit. Keep at it and you should be pretty comfortable in 10 years time. About 10 years ago I had 35k in my retirement fund. Now, I am at 1 mil. So get those auto-transfers set up, forget about it and keep saving.
@@MTLClimb yeah my goal is to max out my TFSA every year and my fiancé’s aswell and with just that 1k a month in 20 years we will have around 2 million all tax free and there’s no penalty’s for withdrawing so we can just retire if we wanted
So I'll have a pension from a previous employer that'll pay me 20k a year. would you say that it'll be the same as (worth) 500k when factoring what I'll have in retirement savings if you use the 4% rule. other than my soon to be paid off home it's all I have so far. where would you think I would fall on the track for retirement .
A $20k per year pension today would have an estimated commuted value of $450k t0 $475k. The big question is how well funded is the pension fund and how healthy is the company that set it up?
You should just do a poll instead of asking people to share their financial status, which is sensitive information. Cheers
Hi Marc, can you make suggestions for me to get some professional assistance? I would prefer to pay a fee for advice rather than pay someone to manage my portfolio full time. I will retire in 4 years and need to understand how much risk vs growth i can handle to increase my investments and where I can get the best return with less risk
I think demographics can't support current home prices so be careful depending to much on that to fund your retirement
Surprised Alberta is the most.... thought it would be BC. So much for being hst free. My approach is to not even take cpp into count. For one it may not even be there when I reach that age and look at anything you get out of it is just bonus fun money.
It sure feels expensive here in BC!!! If you're able to take CPP out of the equation and plan around that, that's an awesome strategy. It isn't a ton of money for some, but it's a nice bit of bonus money, as you say. Thanks for your support. - Marc
CPP is very well funded since they started investing it. I would not worry about it not being there when you retire.
I think that the canary in the coal mine is the fact that net worth is not keeping pace with inflation.
Certainly makes it challenging, especially in these current inflationary times. Thanks, Joseph. - Marc
Having a butt head PM who hates our oil industry and implemented the carbon tax which every thing more expensive doesn't help
I’m turning 25 in a few months and have a net worth of around 55k. Not sure if that’s on track or behind but I hope to achieve a net worth of ~1 mil as soon as possible and retire early.
Sounds like you're doing a lot of things correctly... keep it up! - Marc
Great video content. I'd consider turning autofocus off of your camera. Your hands are causing your face to get blurred out from time to time due to it trying to focus on your hands.
In regards to where my wife and I are retirement wise, we are quite a bit higher for net worth for our age, but we're having children later in life, so the cost of children have been deferred. The good thing is that we have a solid nest egg for RRSP's and both have decent pensions, as well as the compounding component of our investments to help us out.