Welcome to another Weekend Reading edition friends, I hope you had a good week.
It’s been very busy week at work but I did manage to sneak in a few articles on my blog:
- Smarten up with The Smart Debt Coach – your chance to see what author Talbot Stevens thinks about debt and your chance to win a copy of his book.
- I shared this case study about investing in a U.S. Master Limited Partnership.
- Not sure how to vacation and save money this summer? You’re not alone – consider a Canada-cation or staycation close to home.
Congratulations to Peter who won the Market Masters book giveaway – your copy is in the mail to you.
Have a great weekend and see you here next week.
Our Big Fat Wallet shared his latest dividend income update. I will do that soon here on my site.
Retire by 40 wondered if you could retire on 5 million dollars. Here was my response to him:
Big Cajun Man shared some home insurance gotchas.
My friends at Greedy Rates just evaluated a host of cash back credit cards. Here are the best of the best for Canada this year.
DGI likes this U.S. dividend ETF.
How To Save Money offered some advice for garage sales. My advice? Don’t buy electronics and haggle for everything!
This article from the Globe and Mail wondered if it was crazy to go 100% equities if you have a workplace pension plan. I already answered this question on my site here – check it out.
$5 million is way more than I’d need to retire. Thanks for the mention.
No joke eh? I would be happy with no debt, own my home, and $1M in the bank. That would be huge for us.
Thank you for the mention Mark.
I agree 100% that you can retire with $5 million. I think that having $1 million is also enough to call it quits for most people.
Hope that busy time at work is temporary
Me too, re: work 🙂
Thanks for sharing the article Mark – have you had any great deals at garage sales you could share?
Very nice reading list!
Retire by 40: Guess it’s the Half Full or Half Empty situation. But most people just look at one side of the question. Instead of How Big of a Pile Does One Need, Look at How Much Income Will My Saving Generate. If one decides he\she needs $50,000 than they should seek the safest and best way to invest which slowly generates a higher and higher income. Once they’ve reached the $50k income they’ve reached their goal regardless of the size of the pile.
The difference for me is that Income is real and growing (unless there is a div cut), where as the Pile is dependent on the Market and varies.
That’s a key for me. Growing income and regardless of what the market does…I get paid 🙂
At my age, $1 Million would suit me nicely (of course I have a pension, so maybe I don’t count). Thanks for the inclusion this week, enjoy the dampness that is Ottawa (in the springtime).
I would take $1M now and be done!