Someone steer this kid to Mr. Money Mustache's Website. With that kind of income, and those kinds of expenses, all he has to do is trade that Jeep Wrangler (Very Good Resale Values on these things)  in and buy a cheaper car with cash, killing the loan and investing the difference.  He can be well on his way to early retirement. I only wish I had gotten this advice and his kind of education when I was younger. Toronto will be missing out on this kind of talent. 75K CDN, while more than enough to live a comfortable life day to day, is not enough money to get ahead while paying for housing in Toronto (rent or buy, at this point).  It sounds like he is all about getting ahead. Good for him for realising that it ain't gonna happen in Toronto.