Weekend Reading – How to manage income needs, disclosure vs. transparency, save money on flights and more!
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 a busy week at work, my men’s night golf earlier this week, and other obligations on the go I only managed to sneak in one blogpost this week – reviewing my purchase of Fortis many moons ago here.
Like I mentioned last week, in the coming weeks, I have a number of podcasts coming up that I will contributing to. Thanks to those bloggers and various media channels for reaching out to me – to get my take on various personal finance topics including how we’re realizing our financial goals…so stay tuned for those updates!
Check out these articles…
Fred Vettese, author of Retirement Income for Life, and a partner at Morneau Shepell Inc. in Toronto suggests you consider different spending and expense patterns in the following decades to better manage your retirement portfolio: the 60s are ‘go-go years’, your 70s are ‘slow-go years’, and finally your 80s and 90s are the ‘no-go years’. In those ‘no-go years’ expenses are likely to increase given any long-term care needs.
As you know, I love to giveaway books here. This is one that is worthwhile for any beginner investor: The Smart Debt Coach. I reviewed a copy of this book here. Enter for your chance to win this book!
Summer savings and investing reminders!
Canadians can save HUNDREDS with the cheapest cell phone plans in Canada with Cell Savings Canada – don’t pay until you verify your plan and savings! Eligible for all Canadians except SK, MB, and QC.
Here is a free trial to unbiased stock and ETF suggestions in Canada. Take advantage of this trial to learn about the best low-cost ETFs for your DIY portfolio with no obligation.
Use my promo code MYOCASH with BMO, so I can provide you with hundreds of dollars cash back when you open a BMO InvestorLine self-directed account.
If you invest online with BMO, you won’t pay fees on your first $15,000 invested for a year. Make sure you use promo code MYOSF for My Own Advisor’s special offer when opening your BMO SmartFolio account.
How To Save Money highlighted 13 ways to save money on flights. I would agree with most of these, I use these tactics myself:
- Book overseas flights >3 months out.
- Book domestic flights or shorter-haul flights >8 weeks out.
- Tuesdays and Wednesdays are less expensive days to fly so we book on those days where we can.
- Google and apply coupon codes.
- Use travel aggregators like Skyscanner to compare flights, then book with the airline directly to take advantage of any price guarantees or price drops.
- Book morning or evening flights. Everyone wants to travel during mid-day.
On Millennial Revolution blog, the authors took a case study about a late 30-something couple dreaming about early retirement and financial independence. Based on their trajectory, they could achieve it I believe.
Want to retire early? In 10 years? Follow these steps. I’m going to consider a post about how well we stack up on these principles (or not) in the coming weeks…
Next week, I’ll share an update about a successful DIY investor I profiled many years ago and I hope to get around to answering a few email questions that arrived in my inbox over the summer. I also want to update these ETF articles:
Enjoy this Weekend Reading edition and see you around the site!