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The One-Page Financial Plan

The One-Page Financial Plan Book Review and Giveaway

Feeling tormented by your finances? Read this book folks. “The fact is, in a single page you can prioritize what you really want in life and figure out how to get there.”– Carl Richards, author, The One-Page Financial Plan. I liked Carl’s book for many reasons and today’s blogpost will share some of my favourite quotes, takeaways and provide you with an overview of what you’ll read about in The One-Page Financial Plan.  After a few hundred words I’ll give you a chance to win a copy of this book, autographed ...

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Dividend Income

April 2015 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 Canadian dividend paying stocks and Exchange Traded Funds (ETFs) and how reinvesting the dividends and distributions paid from these investments are helping us reach financial freedom. When I break it down, our financial plan is rather simple.  We: Buy established Canadian companies that have a history of paying dividends. Hold those companies through market thick and thin. Reinvest the dividends paid ...

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Weekend Reading

Weekend Reading – TFSA confusion, net worth, frugality and drawing conclusions

Here’s another Weekend Reading edition folks – the best in personal finance and investing right here. Earlier this week I wrote about why I think the new Tax Free Savings Account (TFSA) contribution limit is good news and I offered up some good places to put your tax refund to work.  From my Archives, here are some tips to fly the friendly skies. Enjoy your weekend! The Globe and Mail reported confusion reigns over Tax Free Savings Account (TFSA) rules. Nobleea shared his net worth update on Million Dollar Journey. Tawcan has some thoughts ...

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Tax Refund

The Best Thing For Your Tax Refund

I stumbled upon this article after reading Rob Carrick’s best reads column recently.  I found it interesting to learn what some personal finance experts felt was the best thing they ever bought with their tax refund. Here are some of the things from the article: People bought a jeep or an older car in cash for a few thousand dollars. People purchased a Kindle. People took a trip to Vegas. Other bloggers took a route I’m more familiar with, they reinvested most of their money back into their portfolio or made an extra mortgage payment. ...

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Saving

Get over it, with the $10,000 TFSA limit everyone wins

I think the title says it all.  At least this is my position. Recently Finance Minister Joe Oliver made good on a Conservative promise to increase the annual contribution limit (to $10,000) for Tax Free Savings Accounts (TFSAs), which currently sits at $5,500 per adult account holder.  Some people don’t agree with my position, and that’s fine, so let’s have the debate friends. TFSA contribution limit haters say… Lower-middle class and lower working class Canadians will suffer the most. Their argument is with less general tax revenues ...

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