Home Ownership in Canada: 10 Things I Did To Quickly Raise A Down Payment
Channel: Scholars Pivot!
Date: 16/09/2023

Home ownership in Canada is a hot topic, with rising prices making it increasingly difficult for many individuals to save enough for a downpayment. However, in this video, i shared 10 things I did to quickly raise a down payment. Safe to say I managed to beat the odds and quickly raise the down payment through strategic planning and disciplined saving. First and foremost, I devised a budget that focused on minimizing unnecessary expenditures while maximizing savings potential. This involved cutting back on dining out, entertainment expenses, and leisurely shopping. Additionally, I explored various income-boosting opportunities such as taking on a side hustle or freelancing gigs in my spare time. 

Furthermore, I meticulously researched government programs that offer assistance to first-time homebuyers and applied for any applicable grants or incentives that could give my savings an extra boost. Lastly, I sought advice from financial experts who provided valuable insights into optimizing my savings strategy. Through sheer determination and unwavering commitment to achieving my goal, I successfully accumulated enough funds for a downpayment sooner than expected - proving that home ownership is within reach with the right mindset and approach.

Here is a breakdown of how i did and how you can do it too.

Interested in sections of the video? Use the Timestamp below👇🏿

00:00 Introduction
00:37  Setting realistic Savings Goal
01:15 The 50:30:20 Rule
03:13 Tracking Your expenses
03:58 Prioritizing Automating Savings
04:40 Frugal living
05:58 Monetizing Side hustles
06:36 SAY NO TO DEBT!
07:06 Government Programs and Incentives
07:40 Invest Wisely
08:17 How To Stay Motivated Through This Journey
08:52 Conclusion 


#financetips  
#investing101  


DISCLAIMERS & DISCLOSURES
The information provided in this video is for educational and informational purposes only and should not be considered as professional financial advice. The content presented here is based on the creator's personal experiences, research, and understanding of the topic. It is important to note that financial situations and regulations can change rapidly and vary based on individual circumstances. Viewers are advised to consult with a qualified financial advisor or professional before making any financial decisions. The creator of this video is not liable for any losses or damages that may occur from following the information presented in the video.

The creator of this video may have a financial interest in some of the products, services, or companies mentioned in this video. This may include receiving compensation, referral fees, or affiliate commissions. However, this will not affect the accuracy or objectivity of the information presented. The creator only recommends products or services that they genuinely believe are valuable and relevant to the topic discussed. Viewers are encouraged to do their own research and consider their own financial circumstances before making any purchases or investment decisions based on the information provided in this video.