Millionaire Digital Artist Quietly Builds $1M in Savings

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A 35-year-old digital artist earning around $200,000 annually has quietly amassed over $1 million in savings, including $50,000 in a corporate checking account, $518,266 in tax-free savings accounts, $303,878 in registered retirement savings plans, and $182,000 in non-registered and corporate investments. He started working right after high school, taught himself 3-D animation, and has built a successful career in visual effects, though he feels guilt over saving more than his peers.

Why it matters

This story highlights how a high-earning millennial has been able to build substantial wealth through strategic saving and investing, despite the financial struggles faced by many in his generation. It provides insights into the challenges and pressures of being a high-earner, as well as the potential impact of emerging technologies like AI on middle-class careers.

The details

The artist, who pays himself a salary of approximately $94,000, has been diligently investing and saving since starting his career. He prioritizes investing, even working back-to-back eight-hour shifts to meet client demands. His monthly expenses are substantial, including $1,600 for mortgage payments, $1,439 for household and transportation, and $660 for food and drink. He also allocates funds for therapy, dentist visits, and pet care. Despite his financial success, he recently took a month-long vacation, recognizing the importance of work-life balance.

• The artist started working right after high school while living with his parents.
• He has been building his savings and investments over the course of his 15-year career in visual effects.

What they’re saying

What’s next

The article mentions Kristjan's participation in the Paycheque Project, a series that explores the financial lives of young Canadians, and invites readers to share their own financial stories.