Vicki Robin’s and Joe Dominguez’s book, Your Money or Your Life, is a guide to financial independence. The post provides an overview of the book’s core principles, including: transforming your relationship with money, achieving financial integrity, and discovering what is enough. The book examines the societal pressures that lead people to overspend and overwork in pursuit of a lifestyle they often…
Category: Financial Freedom
2024 Has Been A Banger. It’s Not Over Yet
As of earlier this summer, the stock market has been burning rocket fuel the last couple of years. The S&P 500 has soared by almost 57% from its lowest point in late 2022, while the Dow Jones and Nasdaq are up by around 37% and 77%, respectively, in that time. The TSX has lagged but it’s not a laggard in any…
Young Canucks, It’s Time to Escape High Taxes and Build Wealth Abroad While You Can
I’m a greying tail-end Generation X’er firmly in middle age. Many in my cohort are married with kids with mortgages to pay off. They have built a life and community here in Canada. They go to work during the week and rush to get dinner on the table and whisk their kids off to recreational…
No April Fools’: How I made nearly $9,000 in Dividends
April 2024 was a huge dividend month for me. While that is worth celebrating, what really deserves celebrating is what the power of investing regularly and often with growing amounts of money over time, can mean for your life. In April, I set off on a 5-month travel adventure. While I’m still working remotely (for…
Everything you need to know about buying a vacation home
Have you thought about purchasing a vacation home? The thought wouldn’t have crossed my mind in my 20s or 30s, but as I approach 50 years of age, the thought of having somewhere sunny to perch myself for several months or longer, became more appealing to me. So, I bought a vacation home in Puerto…
Negotiating your way to Financial Independence
I hate to break it to you but the American/Canadian dream is over. You were told to put your head down. Pull up your socks. And you did. You volunteered, got good grades, attended university, got your foot in the door at an entry level job. But it hasn’t worked out for you? Sound familiar?…
My Trial Run at Early Retirement: February 2023
If you read my last post in this series, you will know that this year I want to live as if I’m retired. That’s right, on a monthly basis I’m tracking my dividend income (as I normally do), but also my monthly expenses to see how I would fare living on my dividend income only….
My Trial Run at Early Retirement: January 2023 Edition
This year I want to live as if I’m retired. On a monthly basis I’m going to track my dividend income as I normally do, but also my monthly expenses and see how I would fare living on my dividend income only. In this way, it’s a trial run at early retirement.
Dividend Update: December 2022
My December 2022 dividend total is $5,893.49 This means that in December: Dividends $5,893.49 Purchases – $52,367.04 ($459.99 new capital) I sold some overlapping/duplicative ETFs in my on-going portfolio housekeeping efforts and redeployed it mainly into the financial sector: $CM (CIBC) and $NA (National Bank). Rental (Investment Property) Monthly Income After Carrying Costs: $343.36 Additional Reading:
My 2023 Goals
As the world continues to re-open and COVID appears to be under control for the most part (we hope), I am looking forward to 2023. While I was much more intentional with my life in 2022 than in previous years, I feel I can be even more intentional in 2023. You can read about my…