Debt is a pretty scary topic for anyone. When people tell you to avoid going into debt to the best of your ability, they’re not joking around. Debt is a powerful thing. It has the ability to hold people back. It has the ability to stop them from attaining the things in this universe that matter the most… Read More »
I have achieved financial freedoooom! After 12 years of saving and investing I have finally reached financial independence! This means the passive income generated from my investment portfolio is enough to pay for all my current and future living expenses. It’s not about spending more money on things. It’s about spending more time on the things that money… Read More »
Past and future predictions Last year I predicted rough waters for 2020’s economy, and suggested 4 investments to protect against uncertainty. How did those suggestions work out so far? National real estate prices are +7% from last year. Year to date my silver stocks (WPM.TO) is +79%. Major telco stocks are down by about -3%. XCB.TO, an ETF… Read More »
It’s all in how you think In the book, The 7 Habits of Highly Effective People, author Stephen Covey explains that “most people are deeply scripted in the scarcity mentality. This means they see the world as containing only so much, as though there were only one pie out there. And if someone were to get a big… Read More »
The unfounded obsession with index investing There’s a common belief that attempting to outperform the stock market is futile so everyone should index invest. But is it true? 🤔 A thread on the r/investing subreddit asked if anyone can beat the market. Here are some community replies: “I know I am statistically extremely unlikely to beat the market,… Read More »
Let others make your mortgage payments for you If you’re tired of paying your mortgage on your own then this post is for you. The MIC manoeuvre is a legal tax strategy that allows you to effectively get other people to service your mortgage, so you don’t have to. How does it work? You simply borrow money to… Read More »