Lots of good advice.
LIVE WITHIN YOUR MEANS
Pay yourself first. Save 10% first. Automatic withdrawal, Live on 90%.
Get out of debt. Highest interest rate debt first.
RRSPs if you will be earning less money after retirement than now. -there will be a tax advantage.
Some financial advisors recommend interest earning investments in RRSP
Stocks outside of RRSP ( capital gains will be taxed at at 50% when sold rather than in RRSP where taxed at 100%)
Max out TFSA
AVOID equity (stocks) mutual funds. Way too expensive . You will pay 2-2.5% per year on the total amount whether they go up or down.
60% of these funds don't beat the exhanges (TSX, DOW, Nasdaq etc) because of these fees. You can buy theses exchanges thru ETFs (Exchange Traded Funds) for .05%. No research and analysts to pay for.
My concern is, the whole world economy is deeply in debt and fragile.
Some say there is a huge collapse coming in the future.
It might get ugly. Like money is worthless.
Food. Land. Maybe gold.
In the mean time, you have to be in the stock market. Interest accounts don't even cover inflation.
Work hard. Don't get sick. Fish more. You'll be good