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Hit a number-of-digits milestone in total comp last year, so we’ve celebrated by buying a condo for my sister to live in (mortgaging, to be sure). Was also able to help a friend by co-signing her mortgage after her ex-husband screwed her on some still-joint finance stuff. Next we’re setting up RESPs for our nieces and nephews at $1000/year, backdated for their current age and running until they’re 20. If they choose to not go to post-secondary then they can roll it over into an RRSP so they get an early start on retirement savings. My wife has a nephew who is 30, so we’re just gonna write him a cheque I guess. The major comp increase hasn’t really changed our lifestyle other than accelerating our plan to redo the back yard, but it’s let us help a bunch of friends and family in ways we really enjoy. (And of course all income is still split about 50/50 with my ex-wife through 2023, with a $300K/year-after-tax cap, so that limits the craziness a little.) Sure do need to do our wills, though…
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Aug 21, 2023 16:57
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| # ¿ May 5, 2024 13:39 |
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That’s awesome!
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Nov 12, 2023 16:55
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yeah I’d buy my kid an account so she could learn from that thread
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Jan 5, 2024 18:43
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While doing taxes this year I got curious and discovered that I’ve now donated more than $1M (Canadian) since 2013. Hope to do more in the future, but that was a nice thing to see in the spreadsheet.
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Apr 13, 2024 01:07
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spwrozek posted:Donated $1m to charity? Dang man. That is impressive. Yeah, I’ve had very good financial fortune (other than the divorce…) and I want to use it to help people who haven’t been as fortunate. Off to a good start, I think!
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Apr 13, 2024 22:32
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| # ¿ May 5, 2024 13:39 |
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When I was a VC, I found that the deeper into finance the person was (or wanted to be perceived as), the more likely they were to use “MM”. Was more common in Europe too, IIRC.
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Apr 15, 2024 00:56
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