This tech entrepreneur earns $200,000 a year. How is he spending it?

World Health Organization: Alex Elias, 39
He does. He is a technology entrepreneur and stock investor.
He does. 200,000 dollars per year
Place of residence: Two bedroom condo in Fort York

Regular expenses

Loan $2,000 per month. “I bought the condo in 2017 with a down payment of $120,000,” says Alex. “About half of that comes from investment income.”

utility and communal fees; $520 per month.

cell phone: $100 a month for unlimited talk and text with Telus.

cable and internet; $200 a month with Rogers. This includes some exclusive channels like NHL Pack and Crave.

Insurance: $100 a month for home insurance.

Transportation: $300 per month. “I don’t have a car, so I Uber most of the time.”

Groceries: $1,000 per month. “For produce and supplements, I shop at Whole Foods and Ambrosia, and their prices are worth it,” he says. “For everything else, I go to Organic Garage.”

Eating out: $750 per month. “I enjoy a lot of customers.”

health and wellness; $400 per month. “I’m a firm believer in taking care of myself, so I spend my money on naturopathy, acupuncture and chiropractic.”

Long term savings plan

for a house; $2,000 per month. “I need more space and peace. I plan to buy a house in Thornhill or Vaughan in the next two to three years.

For investment property: $1,000 per month. “My brother and I are planning to move into a rental house, maybe a condo. I like the idea of ​​having a low maintenance income stream.

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