Jul 17, 2018
Lisa, Elaine, and Melissa are three young millionaires-in-the-making that began their journey into investing as a way to create long-term financial growth and save for their future. Shortly after high school, Lisa began investing in RRSPs (Registered Retirement Savings Plan) and TFSAs (Tax Free Savings Account) as a way to save money to support her passion for traveling. After receiving a substantial inheritance after a close loved one passed away, Elaine decided to start her investing journey by investing in ETFs (Exchange-Traded Funds), stocks, high-interest savings accounts, and GIC’s (Guaranteed Investment Certificates). As she grew older, she decided to begin investing in RRSPs. Melissa’s interest in investing began while she was still attending high school and preparing for university. She wanted to build a safety net for her financial future by creating slow, long-term growth through mutual funds.
Lisa, Elaine, and Melissa join me today to share their experiences as young investors. They share their journey into the investing world, how their families supported their decisions, and the lessons they have learned throughout their journey. They also share some of the money lessons they have learned throughout their childhood and explain why it’s important for young millionaires-in-the-making to begin investing in their future as early as possible.
“The best time to start investing is yesterday.” - Melissa
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