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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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ETFs 101

ETFs 101

During the past “RRSP Season” I received a few emails from readers asking about Exchange Traded Funds (ETFs).   This particular question caught my attention: Hi, I’ve recently learned I can use my TFSA for much more than a savings account.  “Where do I begin to use these ETFs?” Thanks for this email.   Today’s post will provide this reader with a few considerations to help them “begin to use these ETFs”. Accounts vs. Products As you may know from my other blogposts I’m a fan of figuring out what you’re saving for first and ...

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Weekend Reading

Weekend Reading – Crowdfunding, Flaherty legacy, crazy fees and much more

Welcome to another edition of Weekend Reading where I share some of my favourite articles from the week that was.  Earlier this week, this post got a bunch of attention:  You don’t need $1 million to retire on.  Have a read and let me know what you think! Check out these great articles when you have some time…have a great weekend! On GoFundMe, one of the world’s biggest crowdfunding sites, Jaime Dunkle wants to buy Kurt Cobain’s childhood home in Aberdeen, Washington; seeking to raise $700,000 for a home valued at around $67,000 so ...

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Investing

You don’t need $1 million to retire on, read my story

The following is an article written by Gary, an avid reader of this site.  Gary wanted to respond to my claim about needing at least $1 million in assets to retire well, and maybe more for Generation X and Y.  Take it away Gary… Looking back much like Mark did in this post I can also tell you where I’ve made some investing mistakes.  One of the things I did right however is not stressing about a retirement number.  It certainly wasn’t a million dollars to retire on, and I didn’t retire that long ago.  Here’s my story how I’m ...

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