How to save (and invest) your first $100,000 + MORE Mar 28th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

You can’t handle the truth—Truth Social!

You might’ve read a headline like this the past week, “Trump’s social media company to trade on the Nasdaq.” While some might think there’s money to be made, the underlying transaction is substantially more complicated. If you’re looking for the Coles Notes version, know that this story is interesting in the same way as watching a fender bender on the highway holds everyone’s attention. No serious Canadian investor would consider going near this company. (All figures in this section are in U.S. currency.)

Here’s how former president Donald J. Trump just might get paid from Truth Social (along with some caveats investors should know about):

Truth Social was the only asset of record owned by a company called Trump Media & Technology.

Truth Social has accrued a whopping total of $3…

A popular milestone goal for young adults just starting out is to save $100,000 cash. YouTube and TikTok are buzzing with videos on this very topic, and it makes sense—$100,000 is enough to give you financial breathing room and life-changing options, like making a down payment on a condo or house, buying a car, travelling the world or investing for retirement. Plus, reaching six figures is a big achievement.

But is $100,000 in savings good enough? How much interest would you earn on it? And how do you take the first step toward saving that much in cash? We’re breaking down smart strategies for saving your first $100,000, how long it will take and how to invest $100,000 in Canada, plus expert insights with the help of a financial advisor.

Featured accounts

sponsored

Savings account

Earn up to 4% interest on your savings. Plus, use the pre-paid card for everyday purchases and free ATM withdrawls…