Weekend Reading – Earning $20k per year in dividends, what is money for, Buffett takeaways and more #moneystuff
Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
With our house sold, and all sale conditions now passed, my stress-level has come down quite a bit over the last week. It’s going to be a GREAT weekend because of that!
Do you have any big plans?
Hopefully you can check out these posts and share these articles wherever you go:
I continued my series about living off dividends with a couple of bloggers this week – this one from The Dividend Guy and another one from Dividend Earner – who is now earning close to $20,000 per year!
Pretty amazing stuff.
I’ve got more dividend investor profiles coming up, an update on my own income journey including how I invest inside my non-registered account and TFSAs (Tax Free Savings Accounts) – so stay tuned for that!
Also to look forward to, in the coming weeks, I have more books to giveaway on my site thanks to my friends at Wiley publishing.
A busy time for the site and FREE stuff for you to win, coming soon!
Have a great weekend and enjoy this Weekend Reading material.
Robb Engen has found a good solution for his home Canadian bias – own more of Vanguard’s latest low-cost fund VEQT instead of VCN (an all-Canadian ETF) inside his TFSA. I like the call.
Thanks to 6 recent dividend increases, this blogger added close to $100 to his Passive Canadian Income.
5iResearch shared some of their favourite takeaways from Warren Buffett’s latest annual letter to shareholders. With all of Buffett’s overwhelming investing success, he firmly believes in the power of passive investing and credits the late Jack Bogle for helping the average retail investor:
Is your car dependency killing your health and wealth? It could be. I know we’re looking forward going down to 1-car in another 3 months.
Dividends or total return or anything in between….what the heck is money for anyhow??? Get Rich Slowly interviews the author of Your Money or Your Life.
I shared my review of that book here. One of my favourite quotes/takeaways from the book: “Insight can happen in a minute but growth happens over time.” A good life lesson right there.
From “RRSP season” to tax season
Spring is here, or on the way in Ottawa I think (?), and that means another tax filing season is here as well.
Amongst other stuff I mentioned above, I’m working on a sweet giveaway related to some FREE tax filing software for you to win. So, while I work on that content this month, and get those giveaway codes ready for you to win, here are some tax tips and tax refund reminders for you:
If you do get even a small tax refund back this year, these are the best things to do with it. My personal favourites are to pay down debt, invest money inside the RRSP and build up the emergency fund. What about you?
This blogger shared 8 ways to save more money. These are good ideas. What’s really worked for us over the years is to make, as much as possible, savings for investment purposes automatic. Whether it was saving $25 per month in my 20s, $300 per month in my early 30s, or now saving a few hundred per month in my 40s, this was absolutely key for me. What does that mean – making savings automatic? We consider ourselves a bill payment just like our hydro, natural gas, property taxes, other bills every month. This way, we pay ourselves first and we don’t have to pinch our needs or wants elsewhere.