n this video I will outline the order and steps I think are necessary to achieve financial freedom. As always the sooner you start the quicker and easier it will be to provide enough passive income to live on and buy you time to do the things you want to do. Step 1 should always be to buy your principal residence as opposed to becoming a long term renter in an expensive city like Vancouver. Take advantage of the principal residence exemption on capital gains and use some leverage by way of the mortgage to supercharge your return. Step 2 should be to max out both your RRSP and TFSA via low cost ETF’s that track the index. Step 3 should be to buy an investment property. Again use leverage by putting down 20% find a tenant and keep the property for 15 to 25 years or more. Let the tenant cover all your holding costs as well as some of your principal payment.