EP053 Choose Your Path to Financial Success

Tristen is a 21-year-old musician, carpenter, salesman and barman. He is also a homeowner and landlord. After a brief experience at university, he decided that college was a better fit for his business and personal goals. Once qualified as a carpenter, he continued to work across other roles to help bolster his financial portfolio and support his home-owning and real estate dreams. 

Carly is a 28-year-old elementary teacher in Toronto, who also teaches dance two nights a week. At just 23, she purchased and renovated her first condo and plans to complete further property purchases in the future. Carly worked through her post-secondary schooling and was fortunate to graduate without student debt.  

 

Tristen and Carly join me today to share their journey into property investment, real estate, and property renovation. They share why they chose real estate as their path to financial success, their long-term goals for their future success, and the financial lessons they wish they learned earlier in their lives and careers. They also share tips on choosing the right career path to achieve financial success. 

 

 

“No matter how small a purchase seems – it all adds up.” – Tristen 

 

This Week on Young Money: 

  • Tristen’s background and how he became a homeowner and property investor. 
  • What he wished he knew when he was younger. 
  • His financial goals and thinking long term. 
  • Carly’s background and her current professional career. 
  • Her biggest financial turning point and how she graduated university without any debt. 
  • How she bought a condo at 23 years old. 
  • Her goals for the future. 
  • Why she recommends investing in a Tax-Free Savings Account (TFSA). 
  • Low-risk investment strategies she has implemented to grow her financial portfolio. 
  • How strong support systems helped Tristen and Carly achieve their goals.  

 

 

Top Tips For Choosing Your Path to Financial Success: 

  1. Smaller purchases add up! 
  2. It doesn’t have to be a 9-5 job – research other ways to earn income. 
  3. Start investing early. 
  4. Ask questions and don’t be afraid of sounding stupid or silly. 

 

 

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Thanks for tuning into the Young Money Podcast – the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to iTunes and leave us a rating and review. Don’t forget to share your favorite episodes on social media!  

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