Take out a Fairstone loan between November 17th to 30th, 2021, and you won’t have to make a loan payment until next year.
Started from the bottom
I used to be scared of people finding out I grew up poor.
I was embarrassed that I grew up in a 2-bedroom apartment with my family of 6. I was embarrassed that I shared a room with my 3 brothers. And I was even more embarrassed that in an effort to have some privacy, I slept in the closet.
I would have been mortified if anyone ever found out, and I hid that secret until my mid-twenties.
I didn’t want anyone to know the truth about me.
The truth was, my parents moved from Mexico in 1996. We lived in a hotel room, and then a motel room before settling into a 2 bedroom apartment.
I desperately wanted to fit in and didn’t want to ever feel poor.
At age 12, I got my first job, delivering newspapers and I haven’t stopped hustling since then. I’ve worked as a beekeeper’s assistant, a waitress, a data analyst, a marketing consultant, and most recently, a financial literacy mentor.
Throughout university, I lived in a basement apartment and applied for every scholarship I could get my hands on. By my first year of school, I had multiple scholarships ranging from $500 bursaries to $2,000 grants. My entire first year was paid through community scholarships, based on the essays I had submitted. Though the year was covered, I still worked full-time, while I went to school full-time. Soon, I was saving $500 a month, and then $1,000 a month, while I was still a student. I opened up an investing account at my bank and dipped my feet into mutual funds.
By 3rd-year university, I had saved enough money to pay back my student loans so I walked into the bank and proudly paid off my OSAP.
After graduating from McMaster University with a Geography degree in 2013, I worked at the City of Hamilton as a co-op student. My job was to promote composting and recycling across the city and I was responsible for the blog and social media marketing for the department. As my income grew, I continued living like a student. I didn’t buy a car, I didn’t upgrade my wardrobe, I didn’t splurge. But I didn’t deprive myself of joys either. By age 21, I had traveled to over 20 countries, by backpacking, hitchhiking, and couchsurfing.
I chose my priorities. I knew my goals. I worked hard, saved, invested, kept my expenses low, and spent money on what I valued.
I continued working entry-level government jobs and as a creative outlet, I started a side-hustle in 2015. After work, I managed social media accounts for small businesses and grew my side-hustle into a profitable gig within a few short months.
By mid-2016, I had saved over $53,000 and I was ready to buy a house. The housing market in my area was competitive, but after three weeks of aggressive house hunting, I put down 20% on my first property. This left me with very little money in my bank account so it was time to rebuild.
I organized my finances, optimized my accounts, and created a new investing strategy. Instead of mutual funds, I started investing in more ETFs and stocks. By continuing to live below my means and running a side-hustling on top of my day-job, I was able to save over $2,000 a month.
By early 2019, I had over $60,000 in my bank account, just 3 years after I was starting from almost zero.
I was ready to purchase a second property, without taking money out of the first house. This time, I bought a duplex, with my partner.
I can gladly say I don’t feel ashamed of my financial situation. I am no longer embarrassed of having people come over.
I went from sleeping in a closet and living in a 2-bedroom apartment to owning 2 properties before I turned 29. To accomplish that, I had to be efficient and strategic. I worked multiple jobs and consciously cut out expenses. I saved aggressively and then grew my savings by investing.
I set time aside to teach myself about finances.
The learning never ends, and neither does the hustle.
Rating of 5/5 based on 2 votes.
Largest Lender Network In Canada
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Build Credit With Refresh Financial
Build credit while spending money with the Refresh Financial VISA card.
Build Credit For $7/Month
With KOHO’s prepaid VISA card you can build a better credit score for just $7/month.
goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest
goPeer is Canada's first consumer peer to peer lending platform and connects creditworthy Canadians looking for a loan with everyday Canadians looking...