Feels good man. They wanted me to pay my $14,000 principle off over 11 years. Fuck that, paid $3,000 of unused OSAP money I had back to it off the bat and made overpayments since I started working. Paid the bitch off in 3 years instead. With that done, the money that originally went towards those payments will now go to a TFSA or RRSP; probably the RRSP for the most part as I've run out of tuition to write off.
GIC's are shit unless you want to lock your money away from your own fiscal irresponsibility. As far as the long term is concerned. if you don't want to dive into the colossal pot of fuck that is investing just find a mutual fund or invest on indexes.
pretty much. I don't really plan on investing into mutual funds until I'm sitting on a comfortable amount of money for the time being. I'm a cheap ass azn and don't spend money to begin with, so TSFA and RRSP are probably my preferred routes for the time being. I also forgot about another savings account that I have which I never touch.
I forgot to mention that mutual funds can be invested under a TFSA or RRSP. Generally the idea is to max out your RRSP contribution room with mutual/index/other long term investments then TFSA afterwards. Before all else though, it's good to have a big wad of cash sitting in something easily accessible like a straight savings account in case something comes up or your income is suddenly cut off, which you sound like you have. I personally keep that fund in a TFSA savings account, so I can draw it out if I have to while avoiding income tax on the insignificant interest it earns.
OSAP won't lend you as much if you've been employed or have significant savings already. I guess the idea is to prevent you from unnecessarily indebting yourself, even though you're technically a lower risk than some dumbass like myself who never had income to report or any real savings.
Post by Cobra King Mohamdu on Dec 15, 2014 18:53:20 GMT -5
kuldeep you live with your parents
that's literally it
i don't live with my parents (and there's no legal proof that my sister is my sister) so in the government's eyes even though my sister is basically piggybacking me by letting me live in her master bedroom for cheap ass rent and slave labour, i'm an independent full-time student. so they give me money out the ass.
basically if i don't get a job in civil engineering my life is raped gg no re osap
i like it though because i get a 3 year old girl to say "HI UNCLE MICHAEL" every time i walk into the house
i love my niece because she'll just come into my room and try to do the robot to michael jackson songs
fuck my life is so comfy right now, i almost feel bad about it
for the record, my oldest bro was about 30k in debt and it took him over a decade to pay it all off (iirc it was close to 15 years). basically he was a dumbass and changed majors like 4 times and jumped from school to school over a period of like 5 years before deciding to settle with a fucking 2-year certificate in web design. he never found a job in web design and pretty much gave up and sold his soul to canada post as his last resort. he currently holds a management position there after working his way up the ranks over the years and gets paid mad cheddar, so I guess it more or less worked out for him.
Post by Cobra King Mohamdu on Dec 15, 2014 20:40:23 GMT -5
it's great to hear things are working out for your brother. for me I just genuinely want to get a career in as a field engineer or working for city of brampton/mississauga/toronto because I know I'll be able to pay off the OSAP in a reasonable amount of time with the kind of money I'd be making off of that sort of career. if worst comes to worst though, i'll find a way to pay it off.
honestly the thing I want the least would be having to move to alberta (because that's where all the $$$ is) because I'd really like to be able to stay relatively close to my family. i've got more direct relatives than I can count on my hands and feet living around here.
You'll definitely be set as fuck if you pull through. My cousin is a civil engineer making condos and bridges and shit and makes well over 100k. He was also arguably smart by contracting with the Canadian Armed Forces. He ended up in Afghanistan and Jamaica building bases and shit, and other than the $20 cups of Tim Horton's, the CAF provided everything else and he essentially banked his ridiculous earnings for several years. He's got a nice ass house with a 4KTV, a Subaru STI, like three motorcycles and all this other shit. You definitely could have picked worse.
Post by Cobra King Mohamdu on Dec 17, 2014 23:21:17 GMT -5
yeah all of my profs are like old mofos who are building their own mansions and just teaching because they got tired of working out in the field.
time for humber civil eng story time
one of my profs is basically married to a millionaire who owns his own construction company. she's pretty rich herself and worked as a construction estimator for years (read: job that pays money out the fucking ass because you need years of experience to do it), so together they've got dough coming out the ass. for some reason though, this teacher really loves the shit out of kadeesh (I have no idea how that man is still in this program).
basically this teacher fucking loves kadeesh for some reason. kadeesh told me he once went into her construction estimation course (this course FUCKED me up the ass, I passed with a solid 50, no bullshit) and he basically sat down, wrote his name, stared at the test for about 5 minutes, handed it in and walked out. for some reason she gave him a 50% grade on the exam and he also passed the course with a 50. anytime they talk you can tell she just loves the fucking guy. and to top it all of, she tried to hook up kadeesh with her daughter. now personally this teacher might be rich, but goddamn she's ugly, I'd feel like a prostitute dating her daughter cause I just can't imagine a younger version of her looking that much more attractive. that being said, i've encouraged kdizzle to fuck her because at least he'd guarantee himself a job somehow through our prof.
one of our profs is this old chinese guy who's like the mr. miyagi of autocad. text alone cannot describe how amazing this man is, i'll have to do an impression of him in person to fully capture how cool the dude is.
my surveying prof is basically this old ass guy who talks like a radio show host. he told us a story one time about how he had to work on the excavation project to help build a dam for the humber river back in the 70s. basically what happened is he was rushed as fuck and all of a sudden had to outline the exact area where they would start excavating to widen the banks of the river; this usually involves a days or more worth of land surveying and mapping out and all that shit, plus this is the 70s so there's no handheld data collectors or any of that shit. pretty much what he did was, took off his hard hat, put it on the map on the area where he had to widen the banks, took his pencil, traced around the whole helmet, then handed it off to the excavation guy like "alright, this is how we need to excavate this place"
I wish I remember where he showed us on the map of the humber river where it was, because you can still see the outline of a hardhat in that area on the map today.
also check this shit out, this is some concrete we mixed and set ourselves and tested for compressive strength with a superplasticizer (decreases water content of concrete, increases strength under compression) Eucon-37. basically this shit eventually got to the point where it could withstand over 90,000lbs of pressure after about 28 days (time it takes for the superplasticizer to fully have it's effect on the compressive strength of concrete)
this video was at 14 days after we set the concrete if memory serves
Post by Cobra King Mohamdu on Dec 19, 2014 16:24:13 GMT -5
oh yeah here's a story about survey class: we had a question on our survey exam asking "what does the acronym RTK stand for?". now granted is stands for real-time kinematics, but in the middle of the exam i heard some white kid shout out "sir, is the answer 'Real Tight Niggers'?" and the whole class started laughing. turns out our black professor (who was present the whole time and started laughing with us during the exam) put down one of the 4 multiple choice options as "Real Tight Knickers" but the white dude misread/mispronounced it lol. also this same prof seemed to love me for some reason, he'd constantly ride my ass like "hey kid, why are you letting your korean friend do all the work!? you aren't learning shit!". I ended up explaining to him that I do all the slave labour like carrying around the rtk rover while he works the handheld pc or just carrying around and taking shots with the theodolite. fuck man we handle a lot of expensive ass equipment in that class.
basically they have a gps system that gets a signal from a bunch of satellites humber pays to use the service of. the multiple rovers we have let us correct the data positions more accurately so we can get fast and accurate results over the rtk network. only thing is you gotta carry around this big piece of ass which it was my job to carry around. this thing fucking talks to you and takes voice commands (least the one we've got at humber).
some random google example of what it is
also it's unrelated but because I somehow passed all 7 of my courses despite skipping at least 70% of my classes, smoking pot almost every single day and actually missing a construction estimation midterm because I was beating raiden's mission in ground zeroes, i decided to buy myself this thing
I CANNOT WAIT TO DESTROY PEOPLE IN GUILTY GEAR AND STREET FIGHTER WITH THIS SHIT KJFSDIOJFOSJOIFJOSJDFJISOF
some guy made a pretty dope mod of the buttons and handle, might mod it myself when it arrives in the mail