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Weekend Reading

Weekend Reading – Saving on K-cups, credit cards 101 and tax tips

Welcome to the latest Weekend Reading roundup where I share some of my favourite articles from the week that was.  I want to thank Rob Carrick for mentioning this article in his Carrick on Money column.  Rob has been great to promote this site over the last couple of years and I sincerely appreciate his support.   Check out these great articles when you have some time…chat again with you next week. Kerry Taylor said you can save 61% by brewing coffee using K-cups this way. Barry Choi told us what we need to know about credit cards.   One ...

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Dividend Income

March 2014 Dividend Income Update

Welcome to another dividend income update.  For those of you new to these posts on my site, every month I discuss my approach to investing using dividend paying stocks and how reinvesting the dividends paid from the Canadian companies I own are helping me reach financial freedom.   You can check out my previous dividend income update here. As a long-term investor I don’t get too excited monitoring the portfolio. First of all, it’s not a huge sum of money yet and second, in the short-term, stock prices go up and down.  There is no point ...

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Thinking Fast and Slow

My takeaways from Thinking Fast and Slow

“As we navigate our lives, we normally allow ourselves to be guided by impressions and feelings, and the confidence we have in our intuitive beliefs and preferences is usually justified.  But not always.  We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.” -Daniel Kahneman, brilliant author of Thinking Fast and Slow, Nobel Prize winner. Thinking Fast and Slow is an interesting (and technical book) by Nobel Prize winner Daniel Kahneman that collates Kahneman’s current ...

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Retirement

How to kill your retirement plan in 3 easy steps

Over the years I’ve read a number of personal finance and investing books to mature my financial acumen. For today’s post I’ll collate what I think are three great ways to kill your retirement plan. Retirement plan killer # 1 – always living with credit card debt Unless you have a healthy and rising stream of cash flow (good on you by the way), I’m convinced consumer debt is a great way to kill your retirement plan.  Consumer debt, such as credit card debt is a HUGE retirement plan killer; who on earth pays 18% interest for months on ...

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Weekend Reading

Weekend Reading – Tips from a millionaire, retirement savings, DIY mortgages and more

Welcome to a new edition of Weekend Reading where I share some of my favourite articles from the week that was. Check out these great articles when you have some time…enjoy your weekend and I’ll be back next week with a dividend income update and more. MDJ had a guest post from Pete, how Pete became a millionaire. Preet Banerjee scared the heck outta us when he wrote any of these answers aren’t good enough when it comes to saving for retirement: ‘10%’, ‘as much as you can’ and ‘more’.  Preet’s answer to the retirement number ...

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Frugality

Balancing frugality and fun

As a member of the financial blogging community, I respect the financial advice freely offered by many bloggers and financial experts.  Where I struggle with some financial articles, maybe some I have written in the past(?), is reading about saving money through lattes and other things you that you thoroughly enjoy today that make life, well, enjoyable. Here are some quick personal examples where we could save more money if we wanted to: Not buying K-cups for our Keurig.  A few bucks per month (over regular coffee purchases). Not watching any ...

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