As discussed at great length in my book "Along For The Ride", here are the steps to achieving financial security and creating a substantial retirement: 1. Buy your principal residence. Take advantage of the principal residence exemption and the leverage at 2% interest rates. 2. Max out you RRSP & TFSA. I recommend a diversified portfolio of low cost ETF’s 3. Buy investment Real Estate. Put tenants in and rent them out for long periods of time. One again, take advantage of the leverage and record low interest rates. It’s a tangible and tax preferred asset that will provide steady long term capital gains while your tenants pay for most, if not all of your holding costs.