I actually found you guys through Millennial Money and I’m glad I did! Most financial channels are based in the US and I was trilled when I found out that you are both from Ontario, Canada which is where I am from as well. ☺️
I feel like an OG finding you before Millennial Money 😌 Also, I think the transparency you both have with your finances with each other is refreshing as many couples lack financial alignment, the openness will definitely benefit your relationship long term. Weird to think people said it wasn’t romantic 😭
@@stephandden Would you consider providing advice on how couples can be more transparent with finances when they haven't been traditionally? Financial transparency does help the relationship in so many other ways and I'd be interested in learning for myself!
This can be like your yearly Billie Ellish Vanity Fair interview video. Love this video thanks for sharing! Look forward to your video on UA-cam and monetizing.
I'm surprised you got negative comments about splitting bills! Its 2021, equality is a thing! Also, imo sharing finances before marriage is a bad idea since it can make you legally liable! Great vid idea.
I found you before CNBC, Graham Stephan and Patricia Bright did XD You will have 100K subscribers before the one-year anniversary of this video rolls around!
Love the update! You guys are almost unique canadian youtubers talking about this, just the info I'm looking for. Also, thanks to Graham I get to you! Regards and congratulations for all the good news.
Congrats on the growth in both your channel and your personal finances! You're both doing such a great job individually and together as a couple, while also sharing such valuable information on your channel. Well done!
I discovered your youtube channel from that video and kept coming back for the awesome Canadian related info and your personalities! PS. Congrats on paying off your debt Den!
Really enjoyed your journey from finding you after the millennial money video. Love your videos, enjoying the switch over to money content since the career and consulting part wasn’t as applicable to my field.
I remember coming across your channel because of Patricia Bright. She was doing a reaction to your Millenial Money video and I was like, omg! A Torontonian couple! I agree with you, discussing money is very intimate and I love that you both have found what works for you. Thank-you for being so honest and transparent, it is really appreciated! Wishing you both continued success in your current and future endeavours. PS: I'm actually starting to get interested in investments with much thanks to you guys!
@@stephandden hey guys!! I need some advice from you. Can I mail you?? I seriously need some guidance over my future prospects and I personally believe you guys can help me a little bit on this. I would really appreciate and it would really very helpful for me. 🙏🏻
Y’all are for sure doing your thing. Thanks for sharing. Similarly mid 20’s in that Fortune 500 corporate grind so this resonates quite a bit. Next step for me is definitely transitioning from really healthy rainy day funds to honing in on investments
Dope video. I got 2 questions for you guys. Firstly, I'm also from Toronto, and I'm about to max out my TFSA - where should I put my money next? RRSP doesn't sound too good to me because I hate the idea of having to take it out after I retire. Secondly, I am wondering why you paid off your student loans so aggressively. Interest rates on student loans have been deferred till 2023 and so I've personally put my student loan repayment on pause. Was your choice a preference thing, or is there a reason I'm overlooking? Kudos!
*Both your TFSA and RRSP accounts should be maxed out before you consider investing in a Margin account. And all debt is bad debt. Get out and stay out and get rid of payments. Save 6 months of expenses and start an emergency fund of atleast $1k and use cash or debit. Oh, and good luck on them answering this question because as a Finance major myself we were always told not to give financial advice because of the potential legal liability. Hope everything works out.*
Hey Samir! Thanks so much 😊 Good questions - re: the investment accounts, congrats on maxing out your TFSA! If you don’t want to use an RRSP, a non-registered account is an option - but I’d explore more on why you don’t want to use one - is it because you’re not saving/investing for retirement yet? Or you just don’t like that it’s a hard rule? If you plan to need the money out before then and think you’ll need to withdraw all of that money, then maybe you want to consider saving up funds for first a short term purchase (like a home) and then starting to contribute to your RRSP for retirement. Something to think about there is that part of the benefit of the RRSP is the tax-sheltered compound interest - and the longer it’s in there, the better. Some things to think about! Second re: the student loans, it was a personal preference (also the deferral hadn’t happened yet when I finished paying them!). If you’re comfortable saving/investing until the deferral period is done and then paying a bunch off in a lump sum, that’s an option. I personally wanted to be done with it and move on from there. We hope that helps & good luck! ✨
What an accomplishment! Found you guys through that video and have been tuned in ever since. It's been great seeing your growth! Are the figures (in both videos) pre- or post-tax?
We personally don’t, no! First off, make sure you aren’t paying more than you can afford - could you get a used car? A cheaper one in general? + do you use it often enough the justify the cost (particularly if you live in a bigger city with transit)? Overall make sure it makes sense to have one and have one that’s affordable for you (not the majority of your budget) - hope that’s helpful 😊
Would love to see a video about Canadian student loan repayment strategies +/- simultaneous saving/investing. E.g. if I have X per month to split between savings or debt repayment - what’s the optimal split or pros/cons to different strategies? 50/50? 75/25? 25/75? Or how did you decide on a split that worked for you Den (what priorities were you balancing)?
Hey Joe! For me, I wanted to pay it off as quickly as possible - so I saved up a small emergency fund (a few thousand) and then paid 100% towards my debt after that until it was gone 😊
Hi! I have a question. When you look at base salaries for first year consultants at the big companies (PWC, Deloitte, KPMG, McKinsey and company), you often see an average of 100k US$ a year. So I was wondering, based on Den’s current salary, why his salary is not similar to what we can see online. Thank you !
Also thank goodness u all is Canadians when u recommend something I can get it or won’t be shock by exchange rates. 👏🏾. I will be here to see the growth.
I live with my sis and splitting everything fairly makes it not stressful on the other no matter the amount each make. Just don’t go over each other budget.
Hi Steph and Den, thanks for all this great content. I’m in a pickle made some bad decisions in relationship prior and I’ve got $20k in debt but I have combined about $40k in savings and investments (mostly savings). Late 20s also from the city. Your videos have definitely inspired me more into stocks and I got some short term GIC going hoping the interest will give me some gain. I’m also saving for a down payment which I know isn’t realistic w that large debt amount need some advice on what I should focus on pay off that debt and start over or pay a portion and grow my savings and investments? Thank you 🙏🏼
Thanks for watching 😊 it definitely depends on your goals, and also the interest rate on your debt too (is it higher than the gains you could make investing?). If you’ll be more motivated to invest and save for a down payment with your bad debt gone, then go ahead and pay it off first. We hope that helps!
As of July 1st was my debt-free goal. I made it... but I haven't paid off the balance yet. I'm hesitant. It's such a large sum to just dump all in one place
😂😂 we definitely got a few of these comments! Rest assured we are indeed a couple that also lives together and chooses to split our bills and talk openly about money 😊
@@stephandden I actually admire that you guys do this and feel comfortable with each other. We are not having partners and relationships in general in life for financial support as a guiding principle. You do you!
Things have changed in the last year! What was your favourite part of the millennial money video? Let us know! 👀
I actually found you guys through Millennial Money and I’m glad I did! Most financial channels are based in the US and I was trilled when I found out that you are both from Ontario, Canada which is where I am from as well. ☺️
🙌🏾🙌🏻 so glad you did, too!!
Me too!
I feel like an OG finding you before Millennial Money 😌
Also, I think the transparency you both have with your finances with each other is refreshing as many couples lack financial alignment, the openness will definitely benefit your relationship long term. Weird to think people said it wasn’t romantic 😭
Thanks Hao! 😊✨
@@stephandden Would you consider providing advice on how couples can be more transparent with finances when they haven't been traditionally? Financial transparency does help the relationship in so many other ways and I'd be interested in learning for myself!
It was Graham's reaction that got me following you. Soo refreshing and nice to have a Canadian channel. Learning so much from you both
Thanks Nicole! So glad you checked out our channel 😊
At such a young age, you two make really good money in Toronto! Not a lot of people your age make near that, please tell us the secret sauce!!
Thanks John! 😊
Going to school for a profitable career. That’s the secret.
@@melanatedwanderlust4057 sadly alot of kids are taking programs that leads no where.
Household income up by 40K in a year. Big Flex.
🙌🏾🙌🏻
This can be like your yearly Billie Ellish Vanity Fair interview video. Love this video thanks for sharing! Look forward to your video on UA-cam and monetizing.
Ha, love that! Thanks so much Danielle 😊
I'm surprised you got negative comments about splitting bills! Its 2021, equality is a thing! Also, imo sharing finances before marriage is a bad idea since it can make you legally liable! Great vid idea.
Thanks, Julia! 😊
Wow, one year ago...time flies. Congrats on all of your successes.
It went by so quick! Thank you 😊
Thanks for the update! Found you through MM last year and been following the journey. Keep at it!
Amazing! Thanks for sticking around 🙌🏾🙌🏻
I found you before CNBC, Graham Stephan and Patricia Bright did XD You will have 100K subscribers before the one-year anniversary of this video rolls around!
Love it!! Thank you so much 🙌🏿🙌🏻
Love the update!
You guys are almost unique canadian youtubers talking about this, just the info I'm looking for. Also, thanks to Graham I get to you!
Regards and congratulations for all the good news.
Thanks so much, Francisco! 😊
COngragulation s on Being on that Series ! LET'S GET IT ( Den's voice) AM from Toronto btw.
Thanks Abdul! 🥳🥳🥳
Congrats on the growth in both your channel and your personal finances! You're both doing such a great job individually and together as a couple, while also sharing such valuable information on your channel. Well done!
Thanks so much, Heather! 😊
I discovered your youtube channel from that video and kept coming back for the awesome Canadian related info and your personalities!
PS. Congrats on paying off your debt Den!
So glad you stuck around!! 😊🥳
Really enjoyed your journey from finding you after the millennial money video. Love your videos, enjoying the switch over to money content since the career and consulting part wasn’t as applicable to my field.
Thanks so much, Claire! 😊
I remember coming across your channel because of Patricia Bright. She was doing a reaction to your Millenial Money video and I was like, omg! A Torontonian couple! I agree with you, discussing money is very intimate and I love that you both have found what works for you. Thank-you for being so honest and transparent, it is really appreciated! Wishing you both continued success in your current and future endeavours.
PS: I'm actually starting to get interested in investments with much thanks to you guys!
Woo so glad you found us! 😊 & congrats on starting to get into investing! 👏🏾👏🏻
Wow!! This is so inspiring. I’ve seen both the videos (from last year and this year). You guys have had an amazing journey. Keep progressing. 🙌🏻
Thanks so much, Vibhu! 😊
@@stephandden hey guys!! I need some advice from you. Can I mail you?? I seriously need some guidance over my future prospects and I personally believe you guys can help me a little bit on this.
I would really appreciate and it would really very helpful for me. 🙏🏻
Really Happy For Both of You My Dear Friends! Hope to meet you both in person one day! Keep on Shining Bright both of You! ❤️🙏😊
Thanks Andray! 😊✨
I actually discovered your channel thanks to Patricia's video !
Amazing! So glad you found us 😊
I loved this video! It’s fun and exciting to see all you have accomplished and grown financially.
Thanks Lily! 😊
So great to see your progress within the past year! Can't wait to see all you'll accomplish a year from now😄
Thanks so much, Ryan! 😊
Love this! An idea for a video- what a weekend looks like for you two and how much you may spend.
That’s a great idea! 👏🏾👏🏻
How did you guys make it into the CNBC show, would be great to know. thank you.
We applied via email - but now they have an application form linked under their videos. 😊
Y’all are for sure doing your thing. Thanks for sharing. Similarly mid 20’s in that Fortune 500 corporate grind so this resonates quite a bit.
Next step for me is definitely transitioning from really healthy rainy day funds to honing in on investments
Thanks Aj! That sounds like a great plan 😊
Dope video. I got 2 questions for you guys. Firstly, I'm also from Toronto, and I'm about to max out my TFSA - where should I put my money next? RRSP doesn't sound too good to me because I hate the idea of having to take it out after I retire. Secondly, I am wondering why you paid off your student loans so aggressively. Interest rates on student loans have been deferred till 2023 and so I've personally put my student loan repayment on pause. Was your choice a preference thing, or is there a reason I'm overlooking? Kudos!
*Both your TFSA and RRSP accounts should be maxed out before you consider investing in a Margin account. And all debt is bad debt. Get out and stay out and get rid of payments. Save 6 months of expenses and start an emergency fund of atleast $1k and use cash or debit. Oh, and good luck on them answering this question because as a Finance major myself we were always told not to give financial advice because of the potential legal liability. Hope everything works out.*
Hey Samir! Thanks so much 😊 Good questions - re: the investment accounts, congrats on maxing out your TFSA! If you don’t want to use an RRSP, a non-registered account is an option - but I’d explore more on why you don’t want to use one - is it because you’re not saving/investing for retirement yet? Or you just don’t like that it’s a hard rule? If you plan to need the money out before then and think you’ll need to withdraw all of that money, then maybe you want to consider saving up funds for first a short term purchase (like a home) and then starting to contribute to your RRSP for retirement. Something to think about there is that part of the benefit of the RRSP is the tax-sheltered compound interest - and the longer it’s in there, the better. Some things to think about! Second re: the student loans, it was a personal preference (also the deferral hadn’t happened yet when I finished paying them!). If you’re comfortable saving/investing until the deferral period is done and then paying a bunch off in a lump sum, that’s an option. I personally wanted to be done with it and move on from there. We hope that helps & good luck! ✨
We answer the vast majority of our comments 😊 you must be new to the channel!
Love you guys, keep enjoying life so inspiring.
Thanks so much! 😊
What an accomplishment! Found you guys through that video and have been tuned in ever since. It's been great seeing your growth!
Are the figures (in both videos) pre- or post-tax?
Thanks so much! The salaries are pre tax 😊
Do you guys own cars in Toronto? Have any tips to save money regarding car expenses?
We personally don’t, no! First off, make sure you aren’t paying more than you can afford - could you get a used car? A cheaper one in general? + do you use it often enough the justify the cost (particularly if you live in a bigger city with transit)? Overall make sure it makes sense to have one and have one that’s affordable for you (not the majority of your budget) - hope that’s helpful 😊
Would love to see a video about Canadian student loan repayment strategies +/- simultaneous saving/investing. E.g. if I have X per month to split between savings or debt repayment - what’s the optimal split or pros/cons to different strategies? 50/50? 75/25? 25/75? Or how did you decide on a split that worked for you Den (what priorities were you balancing)?
Hey Joe! For me, I wanted to pay it off as quickly as possible - so I saved up a small emergency fund (a few thousand) and then paid 100% towards my debt after that until it was gone 😊
"You know the vibes" 😅 love your content guys!
Haha thank you! 🙏🏾🙏🏻
Hongera kwa mafanikio!
Asante! Tumefurahi sana 😊
Y’all make me strive for better. 🇨🇦. Learn so much from u all.
Thanks, Stacy-Ann! 😊
That's awesome that you've been able to bump your salaries quite significantly - congrats! Btw, when's that new couch coming?!
Thanks, Olga 😊 It's been on backorder forever... we don't have a date!
Hi! I have a question. When you look at base salaries for first year consultants at the big companies (PWC, Deloitte, KPMG, McKinsey and company), you often see an average of 100k US$ a year. So I was wondering, based on Den’s current salary, why his salary is not similar to what we can see online. Thank you !
Hi! Typically the Canadian salaries are quite a bit lower - and in comparison to the US salaries, it definitely seems like a big drop!
Yay! loved this one year update and glad to see things are significantly better for you guys thats great
Thanks Mohanad! 😊
Also thank goodness u all is Canadians when u recommend something I can get it or won’t be shock by exchange rates. 👏🏾. I will be here to see the growth.
🙌🏾🙌🏻
I live with my sis and splitting everything fairly makes it not stressful on the other no matter the amount each make. Just don’t go over each other budget.
Agreed 😊
Great update
Thank you! 😊
I know this is something personal but I would like to know how much is your credit card limit.
We can definitely talk about this in an upcoming video we plan to do about credit cards! 😊
Hi Steph and Den, thanks for all this great content. I’m in a pickle made some bad decisions in relationship prior and I’ve got $20k in debt but I have combined about $40k in savings and investments (mostly savings). Late 20s also from the city. Your videos have definitely inspired me more into stocks and I got some short term GIC going hoping the interest will give me some gain. I’m also saving for a down payment which I know isn’t realistic w that large debt amount need some advice on what I should focus on pay off that debt and start over or pay a portion and grow my savings and investments?
Thank you 🙏🏼
Thanks for watching 😊 it definitely depends on your goals, and also the interest rate on your debt too (is it higher than the gains you could make investing?). If you’ll be more motivated to invest and save for a down payment with your bad debt gone, then go ahead and pay it off first. We hope that helps!
You guys managed to move really fast in your career.
Dennis was your promotion linked yo finishing your hours to become a CPA?
It wasn’t, no! In general at my firm you don’t have to finish your hours to be promoted 😊
would still love to see career videos even though you’re doing more finance based ones! ❤️
Yes!! We’ll definitely still have some here and there 😊
Same
Calling it now.. this video will be on the Graham Stephen Show! (again)
👀👀👀
How did u get on CNBC
We applied for the series! At the time we sent an email, but they have an application form now!
As of July 1st was my debt-free goal. I made it... but I haven't paid off the balance yet. I'm hesitant. It's such a large sum to just dump all in one place
That’s so exciting! Go for it - it’ll feel great to wipe away, especially if it was your goal! 🙌🏾🙌🏻
Great progress !!
Thank you! 😊
It’s anecdotes. Good video. :)
Thank you!
Where does a high-interest savings account exist?
We have a video up on our channel sharing all about them! And we’ll actually have another one up this Friday 😊
Having one income pay the bills and the other for saving and investing is pretty smart if you are both in agreement but definitely not for everyone
Just saying 72k a year saved and invested annually is pretty good
That could be a way to do it!
have you guys ever thought of relocating to another canadian city
No, we like living in Toronto 😊
Is 72k before or after taxes?
Before taxes!
Thank you!!
Neeeeeeeeeeew Videeeeeow! Yay!
🥳🥳
You guys are so cute together! 💕
Thank you! 😊✨
Is people analytics HR related?
It is! Under the HR umbrella 😊
@@stephandden nice! My degree is in HR maybe I can do that after a couple years I’m a hr assistant now
There’s so many different functions in HR I didn’t know about when I did my degree! People Analytics is definitely a fun one 😊
God work guys
Thanks, Jovita! 😊
First!
Woo! 🥳🥳
hashem y'racheim
Thanks for watching 😊
Splitting money in half? Hmmm... that’s roommate behaviour 🥴🥴🥴
😂😂 we definitely got a few of these comments! Rest assured we are indeed a couple that also lives together and chooses to split our bills and talk openly about money 😊
@@stephandden I actually admire that you guys do this and feel comfortable with each other. We are not having partners and relationships in general in life for financial support as a guiding principle. You do you!
Thank you! 😊
@@topsecret22 I said what i said! Another thing, being a provider has nothing to do with what time/era we are in, weird you think like that.
@@stephandden as a couple you should openly talk about money regardless, this isnt an accomplishment. Again, yall give off roommate vibes.