In this episode of TGIF: Two Girls Investing Friday, Jess and Colleen catch up and share some massive weekly wins! One paid off a huge chunk of personal debt in about three months by focusing on lowering credit utilization and tackling higher-interest balances, while the other successfully claimed airfare compensation after an overnight delay (pro-tip: delays over three hours may qualify!).

They then walk through setting up automated, recurring investments in a Wealthsimple RRSP to help reduce taxable income, explaining ETFs and key index concepts along the way. Using examples like VFV (Vanguard S&P 500 ETF), VDY (high dividend Canadian ETF), and adding XAW (global equities), they demonstrate exactly how to select “buy on a schedule,” choose your frequency and start date, and ensure your purchases occur inside an RRSP or TFSA rather than a non-registered account.

Finally, they preview a future episode on investment options and portfolio considerations so you can keep building your confidence!

Note: In the episode, we refer to a global ETF excluding North America as "VI"—the correct ticker symbol is VIU!

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00:00 Welcome to TGIF

00:34 Sunny Catch Up

01:04 Debt Payoff Win

02:01 ADHD Debt Strategy

03:35 Investing for Taxes

04:08 Flight Delay Payout

05:55 Automation Setup Intro

06:47 VFV and Index Basics

08:23 VDY Dividends Explained

09:01 Recurring Buys Walkthrough

10:17 Add Global ETF XAW

12:13 Next Episode Teaser