One of the great advantages of living in Canada is the generous government benefits system. Had a baby? Take some tax-free child benefits. Lost your job? Apply for employment insurance benefits (EI.) Making low income? There are multiple assistance program for you. 🙂 But one dilemma facing the financial independence/early retire community is whether or not we should… Read More »
In 2008 I started out with no assets and zero investment income. All I had was a dream. 😅 Since then I’ve worked hard to make my dream come true. And today I have 3 real estate properties, a growing stock portfolio, and a 6 figure investment income. In today’s post I’ll break down all the ways I… Read More »
Outgrowing The “Middle Class” Label Hello high-income earning friends! It’s been a few years since I’ve written about my income from a holistic point of view. So for the sake of transparency I thought I would give everyone an update on my income situation. My salary is currently closer to $60,000 than it is to $50,000. I won’t disclose the… Read More »
New Purchase: Royal Bank of Canada Stock September has historically been a bad month for the stock market, and this year was no exception. This is why I didn’t invest aggressively last month. However now that it’s October, I decided to get back into buying more equities. 🙂 So after looking through my watch list of different companies,… Read More »
Experts worry that the recent interest rate cut in Canada will lure people to rack up even more debt. Bankruptcy trustee Doug Hoyes warns, “the more debt you have, the greater your chances of going bankrupt. It’s simple math.” He predicts bankruptcy numbers will “skyrocket when interest rates rise and people are saddled with ballooning debt payments.” Yikes. That doesn’t sound good. 😐 Anyway, last… Read More »
North Americans pay a lot of money for high speed internet access. One way to get around this costly expense is to own the means that produce the service. This means buying shares of the internet service providers that we use. Telecommunication companies are usually very generous to their shareholders as many pay out up to 40% of annual… Read More »