Becoming a dragon in my own right.

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FrontFundr | Jill Earthy | March 29, 2018

My parents were really good at giving me advice about most things. Most things that is, except investing. I guess they were brought up being told that you don’t talk about money. We never had any serious conversations about investing, which never bothered me until recently. I had reached that point in life (finally) where I had a good job, paid off my student loan, and had some rainy day money in the bank. It all left me wondering, what’s my next step?

I read a blog about the 50|30|20 rule, and I stick to that: 50% for fixed costs, essentials, food, rent, getting to work, 30% for discretionary spending, and 20% for saving.

I know I want to buy a condo and get on the property ladder, so that is a big goal for me. I have an online advisor who is helping me get that nest egg together. I’m maxing out my available RRSP limit which is 18% of my income. 10% of that I’ll use for my down payment, and the other 8% will go towards actually retiring one day.  That leaves me with 2% of my income to invest as I see fit. But until recently, I was still struggling with where. And how?!

A couple of weeks ago I was scrolling Facebook and saw ad online for FrontFundr. Turns out they are Canada’s largest investment crowdfunding platform (which essentially is like crowdfunding for adults - instead of perks or early access to products, you get shares in private companies). I never knew that investing in private companies was even an option for me, given I’m no Kevin O’Leary!

See:  Peter-Paul Van Hoeken, CEO and Founder of FrontFundr, Joins National Crowdfunding Association of Canada’s Advisory Group

Speaking of Dragon’s Den, I already knew that I loved watching the show and choosing the companies I would back if I were a Dragon. FrontFundr is kind of like that. I just go on their website, review the opportunities, and can invest starting at $100.

So, I did it, I backed a company with a very cool product. I completed the whole process from my phone, and it took me about 10 minutes once I decided which company I liked. I love the company. The team know what they’re doing and the numbers stack up. I know this is high risk, but I also know this is a company that I believe in -- I want them to be successful. I like the fact I can go out with my friends and talk about the company. It’s my company; I own shares in it. Most of my other investments are personless, I don’t connect with anyone, but this is one where I can truly say I own the shares.

Now you can #OwnYourShare of Canada’s largest online investment platform:

Become a dragon and invest in companies YOU believe in, starting at $250. Learn more from this person’s experience - http://blog.frontfundr.com/becoming-a-dragon-in-my-own-right

 

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The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry in Canada.  For more information, please visit:  www.ncfacanada.org

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