For a long time, I had a vision of buying a condo that would serve as a rental property. Not sure where I got that idea, but seeing the Toronto real estate market explode, I knew I needed to take advantage of the growth.
I was inspired to start this post after having brunch with a girlfriend who also happened to be the real estate agent helping me find my first investment property. We marveled that so much of public conversation is devoted to what I’ll call brain candy: what’s on television, celebrity gossip and the latest make up trends. Don’t get me wrong, I love a good binge watch of Modern Family as much as the next person, I just don’t want this type of conversation to dominate my life.
From this brief but meaningful brunch, I realized I want to re-direct the course of conversation.
Growing up, my parents never really talked about financial planning or anything investment related with me or my sisters. I don’t remember when I first heard about RRSPs or why they were important.
In conversations with girlfriends, I discovered there was a need to educate about even basic financial “stuff” – like how to submit your taxes! Whether you’re a student, young working professional, single or married, old or young, I believe it’s critical to take ownership of your financial health.
This blog is a platform to share the learnings on my journey to increase my financial awareness. By sharing this information, I hope to make other women more financially aware and provoke different conversations. Because when you take charge of your finances, you can make better choices in all areas of your life. Topics that I’ll explore include: how to buy investment property; finding a rental tenant; creating a will; building assets – I know, sexy stuff right?
Disclaimer! I’m not in real estate, don’t have an accounting degree or have bucket loads of cash to invest. I’m just like you – I have a day job but also a burning curiosity and desire to figure out how I can leave the rat race one day.
I am grateful for all the strong, intelligent and independent women in my community. What they have in common is they are outward focused and dedicated to creating value for those around them. I hope this post serves them and you well!