George Kamel

So I don't know Lindsey's situation, but that's the only way I would feel good about doing that while on the debt-free journey.

So I don't know Lindsey's situation, but that's the only way I would feel good about doing that while on the debt-free journey.

So I don't know Lindsey's situation, but that's the only way I would feel good about doing that while on the debt-free journey.

I like that. Well done, sir.

I like that. Well done, sir.

I like that. Well done, sir.

They don't need to go to Disneyland and drop another two grand while they're on the debt-free journey. So I'm not advocating for that. But I think there is a middle ground here.

They don't need to go to Disneyland and drop another two grand while they're on the debt-free journey. So I'm not advocating for that. But I think there is a middle ground here.

They don't need to go to Disneyland and drop another two grand while they're on the debt-free journey. So I'm not advocating for that. But I think there is a middle ground here.

Okay. What's this other $7,000? Investments? The TFSA?

Okay. What's this other $7,000? Investments? The TFSA?

Okay. What's this other $7,000? Investments? The TFSA?

Okay. I would focus on building an emergency fund because you haven't quite built the foundation to build wealth yet. Because what's going to happen is there could be one or two emergencies that knock this savings out, and now you're back going into debt to cover it.

Okay. I would focus on building an emergency fund because you haven't quite built the foundation to build wealth yet. Because what's going to happen is there could be one or two emergencies that knock this savings out, and now you're back going into debt to cover it.

Okay. I would focus on building an emergency fund because you haven't quite built the foundation to build wealth yet. Because what's going to happen is there could be one or two emergencies that knock this savings out, and now you're back going into debt to cover it.

And so I would add up what your total expenses are for one month on average, multiply that between three and six, depending on the stability of your situation, and then begin investing. And what you're saying is, if I'm getting this right, I'm trying to make sure our American listeners know the equivalence. The TFSA is essentially like the Roth IRA in America.

And so I would add up what your total expenses are for one month on average, multiply that between three and six, depending on the stability of your situation, and then begin investing. And what you're saying is, if I'm getting this right, I'm trying to make sure our American listeners know the equivalence. The TFSA is essentially like the Roth IRA in America.

And so I would add up what your total expenses are for one month on average, multiply that between three and six, depending on the stability of your situation, and then begin investing. And what you're saying is, if I'm getting this right, I'm trying to make sure our American listeners know the equivalence. The TFSA is essentially like the Roth IRA in America.

You use after-tax dollars, it grows tax-free, but it is an investment account. It's not a savings account. Yeah. Okay. And then the RSP is more like a traditional 401k or traditional IRA.

You use after-tax dollars, it grows tax-free, but it is an investment account. It's not a savings account. Yeah. Okay. And then the RSP is more like a traditional 401k or traditional IRA.