Discussing issues of inheritance and net worth may feel uncomfortable, but planning ahead is essential to help the younger generation manage wealth successfully. While it is true that the millennial generation has come of age in a different world than their baby boomer parents, they face the same early lifestyle challenges that older generations faced: tough economies, challenging job prospects and hefty home prices.

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Impressive price gains in residential markets have received plenty of attention. But for high-net-worth investors, real estate can also provide valuable diversification. In recent years, real estate has become a hot topic of conversation at dinner parties and office lunchrooms across Canada. The dramatic increase in house prices in residential markets like Toronto and Vancouver has led to sizeable “paper gains” for many homeowners. As well, real estate has proven to be an effective part of the portfolio mix for many high-net-worth investors. But what is the best way to invest in real estate – and how much is too much in an overall portfolio?

There are some simple and lucrative ways to save... and it's even more fun to see your money work for you. Here's a list of ideas for saving painlessly.

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