The fastest, easiest way to succeeding financially

Okay so you want the fast-tracked method, that’s alright – every Canadian should at least have what you are about to set up.

please at least take the next 15 minutes to finish these steps, you won’t have to touch anything ever again afterwards, if you don’t want to.

This is the fastest way to set yourself up to become a millionaire

The following steps are reserved for Canadians 18 and over. (it is highly encouraged to check out the “pitfalls” page to avoid things that could make your life much more difficult in the future).

1. Sign up at www.wealthsimple.com/invite/

2. Once logged in, select “Open an Account.” – Choose “Tax-Free Savings Account (TFSA).” –note do not select “Registered Savings Account” this can be confusing but it is different than a TFSA account on it’s own. Make sure to choose Self Directed, this allows you to pick the stocks you like and manage the portfolio yourself. – Follow the prompts and provide your personal details, including your SIN. 3. Fund Your TFSA – Click “Add Money” Link your bank account and transfer funds. – E-transfers usually take a few minutes, while bank transfers may take a day or two. -Make sure to click “Recurring Deposit” and set a recurring deposit that you can afford! Some suggest 20% of your monthly income. It can be as much as 50-100$, JUST GET STARTED (you can always increase the amount later) MAKE SURE TO NOT GO OVER CONTRIBUTION LIMIT WHEN SETTING UP FUNDING (if you are just getting started with a few hundred then you don’t have to worry)for more information on limit visit: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributing/calculate-room.html –> total lifetime contribution limit is $109,000 in 2026 (for those eligible since the program began in 2009), eligibility depends on age and citizenship. If you are 18 and over and putting in a few hundred a month then do not worry about the limit. 4. Type XDIV ( it is a grouping of Canadian stocks with above- average dividend yields) in the search bar. Choose the first one listed on TSX – Purchase this holding with the amount you deposited. Click “Trade”, then “Buy XDIV”, next “Max”, “Review” and “Submit Order”. This will buy the maximum amount of stock in the XDIV etf you can hold with the money you have in your TFSA account. You can alternatively buy XEQT (Reddit users love this one), it is another good option. If you choose to do so, follow the same steps. Note: Really you can also buy any stock of your liking at this step; Apple, Tesla, Nvidia, etc. XDIV and XEQT are good options because they are ETFs (they hold several companies) with low fees. We do not to get too technical because this is the fast-tracked method but they are safe, long-term, and allow for dividend reinvestment – compound interest is the REAL GOAL of this what we are doing here. 5. Next go to “settings” and then click “automations”. Make sure “dividend reinvestments in enabled Also make sure to create a recurring investment for XDIV, type in XDIV, click “trade” ->”buy XDIV” and set the recurring investment for monthly. This will fully automate all your investments, you’re done! You don’t have to do anything else ever again if you don’t want to. here is a youtube video (no affiliation to this site) if you prefer: https://www.youtube.com/watch?v=O09_q306-Tg