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Team MDJ – The Beginners – Vote for your Favourite

Since proposing the concept of reader net worth updates, my email inbox has been non stop!  I’m happy to see so many readers interested in sharing their story with others and being held publicly accountable for their financial goals.  Initially, I wrote that the team would consist of 3-4 members, but I have decided to increase it to 6 members.  Each member will still post quarterly, but I will post updates on MDJ twice a month.

I have picked 3 members, which means there are 3 openings remaining. There are simply too many good applicants to choose from, so I need your help to decide.  For the “beginners” list, I have chosen the finalists below, please pick your 3 favourite candidates and hit the vote button.  From the 3 favorites, I will pick one.  Stay tuned, more voting posts are coming!

  • Name: Scott
  • Age: 32
  • Net Worth: $206,000
  • Day Job: Full Time employment
  • Family Income: $66,000 (single income)
  • Goals: Maximize RRSP/TFSA
  • Notes:  Saves about 50% of income
  • Name: Eric
  • Age: 24
  • Net Worth: $183,000
  • Day Job: Employed in finance
  • Family Income: $75,000 (single income)
  • Goals: $1M in net worth by 35
  • Notes: Equity investor at young age, owns rental properties with business partner.  He is a wealth accumulator, someone to watch!
  • Name: Sharp
  • Age: 36
  • Net Worth: $225,000
  • Day Job: At Sea
  • Family Income: $135,000
  • Goals: Short term, purchase home in the US.
  • Notes: 2 Rental properties, no investments.
  • Name: Trevor
  • Age: 34
  • Net Worth: $230,000
  • Day Job: Employed in media
  • Family Income: $60,000
  • Goals: Max out RESP/RRSP, pay off mortgage in 15 years.
  • Notes: 2 Children, high savers
  • Name: John
  • Age: 27
  • Net Worth: $160,000
  • Day Job: Employed in finance and accounting
  • Family Income: $65,000 (single income)
  • Goals: Buy property in 5 years, and pay off mortgage in 5 years.  Reach dividend income of $3,000 by 30.
  • Notes: Equity investor
  • Name: SmilingSaver
  • Age: 28
  • Net Worth: -$40,000
  • Day Job: Employed
  • Family Income: $68,000 (single)
  • Goals: Pay off $50k student loan by August 2016, save $15k for wedding.
  • Notes: Fairly new graduate digging out of debt and getting started in their financial life.
  • Name: Jamie
  • Age: 26
  • Net Worth: $199,000
  • Day Job: Employed in Health
  • Family Income: $178,000
  • Goals: Max out RRSP, pay back parents $30k for down payment on home,
  • Notes: Started Smith Manoeuvre with a financial planner, defined benefit pensions for both spouses.
  • Name: Yon
  • Age: 28
  • Net Worth: $200,000
  • Day Job: Employed
  • Family Income: $143,000
  • Goals: Retirement by 55 with $3M in assets.
  • Notes: Owns rentals and equity investor, already $1M in assets.
  • Name: Gerry
  • Age: 27
  • Net Worth: $110,000
  • Day Job: Employed in finance
  • Family Income: $75,000
  • Goals: $500k in net worth in 5 years.
  • Notes: Equity investor.
  • Name: Ranga
  • Age: 33
  • Net Worth: $200,000
  • Day Job: Employed in tech
  • Family Income: $200,000
  • Goals: $10k per year in passive income in 2 years, continue no consumer debt policy.
  • Notes: Recently moved to Canada from India, viewpoint from an immigrant.
  • Name: Sukun
  • Age: 24
  • Net Worth: $46,000
  • Day Job: Sales
  • Family Income: $75,000
  • Goals: $100,000 net worth in 2 years.
  • Notes: Equity investor and rental properties.  Plans to grow rental property holdings.
  • Name: Blane
  • Age: 28
  • Net Worth: $130,000
  • Day Job: Employment in finance
  • Family Income: $110,000
  • Goals: $1M by 35.
  • Notes: Equity investor.
  • Name: Dan 1
  • Age: 32
  • Net Worth: $214,000
  • Day Job: Employment in engineering
  • Family Income: $125,000
  • Goals: $1M by 45, begin Smith Manoeuvre in 2016, financial independence by 50.
  • Notes: Equity investor, large mortgage.
  • Name: Dan 2
  • Age: 32
  • Net Worth: $153,000
  • Day Job: Employment in project management
  • Family Income: $80,000
  • Goals: Pay off line of credit balance by end of this year, reduce monthly expenses, save $12,000 in 2015.
  • Notes: Owns condo in Vancouver.

Pick your top 3 candidates!

View Results

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FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 15 comments… add one }
  • Brett June 30, 2014, 9:16 pm

    I think it would be also note where all of these people live as it’s a big difference if they are living in Saskatoon vs. Halifax vs. Vancouver.

  • Jerri July 1, 2014, 11:52 am

    Are any of these women? If not, why isn’t there at least one female representative?

  • SmilingSaver July 2, 2014, 3:13 am

    Hey Everyone.
    I just doped by and was really surprised by the lead.
    Thank you for the votes and thanks to FT for opportunity.

    Smile,
    Saver

  • Alexis Smith July 2, 2014, 3:58 am

    I would also like to see a female contestant in this. Also, I think it will be interesting having an immigrant in this. Being an immigrant will be almost like starting from scratch, and I think if this person succeeds, he will be such a huge inspiration to many others.

  • FT FrugalTrader July 2, 2014, 1:46 pm

    I would like to see more females apply as well. However, there will be at least one in the next batch of potential team members.

  • Sukun Unosawa July 2, 2014, 3:18 pm

    @AlexisSmith I am an immigrant I came to Canada when I was 19 and now I’m 24, I think I am on track to reach my 100k goal in 2 years, I just passed 50k since I applied for this :) My younger brother is a bigger inspiration I think, he just got his realtor license and he is worth 17k and he is 18 years old, and he did that in a year and a half, granted he still lives with my parents :3 vote for me!

  • Alpha Centauri July 2, 2014, 4:13 pm

    I agree with Alexis. I guess stereotypically it seems financial matters are more of a male thing. This is why I think people like Dragon’s Den’s Arlene Dickinson are good role models. Everyone should be learning about finance!

  • S July 2, 2014, 6:54 pm

    More female representation in the comments section would be great, too.

    FT,
    Do you and your wife share equally in the financial management of your assets or do you practise a division of labour in running your household?

  • FT FrugalTrader July 2, 2014, 7:54 pm

    I have been elected the family CFO. :) So I handle most of the finances, I just make sure that my wife is up to date on our assets, accounts etc.

  • Stacy July 2, 2014, 9:49 pm

    Scott, Trevor, Smiling Saver

  • Goldberg July 3, 2014, 10:41 am

    FT, I’ve appointed myself CFO as well and told my wife to get in the kitchen and make me a sandwich. I also have the board of directors in my hand, save for one who gives crazy advices (aka the mother-in-law.) I kid, of course.

  • Eld99 July 3, 2014, 3:29 pm

    I’m in charge of my family finances including investments. I’m an female immigrant and have a background in finance. As a certified accountant, it made sense in my family for me to take care of finances. I have learned about investing through blogs, magazines etc. I update my spouse monthly and all is good as far as we gain and not loose in our investments! I’m a saver and have invested through TFSA, RRSP, dividend stocks. This blog has helped me a lot…thank you!

  • Ranga July 4, 2014, 10:21 am

    I am an immigrant and a female as well. Held a virtual portfolio when I was in university and started investing when I received my first pay cheque.

    I like to save and invest as well. I haver never understood gender stereotyping when it comes to finance. IMHO everyone in the family be financially literate.

  • debt debs July 4, 2014, 5:39 pm

    Hi FT

    Can you tell us when you think the next batch will come out?

    Thanks!
    Debs

  • Alex Stewart October 6, 2014, 12:46 pm

    Re Smiling Saver, I am just wondering why young people today feel the need to spend large amounts of money on weddings? I realize that a marriage is a special commitment but why spend so much money on it? Why not have a simple ceremony and save the money. In 5 years when you are more financially stable[have more money saved] than have a recommitment celebration when you are not so cash poor. just my thoughts. Good Luck

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