Weekend Reading – Mistakes with time off work, investing like your grandmother, “I’m not a math person” and #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.
A reader recently asked about where they could find a free, super simple, easy retirement calculator?
It was a busy week at work but I’m enjoying supporting my new team – they are passionate, engaged and strive to make a difference. It’s a nice change for me and looking forward to more momentum in the months to come.
That brings me to this – have you ever changed roles at work and if so, how did you feel about it?
Earlier this week, I profiled financial author and fan of this site Jon Chevreau. We discussed how he’s structured his portfolio for retirement and how he feels about the #FIRE community.
Thoughts on his thoughts? Happy to hear your take.
While I enjoyed the time-tested advice in The Millionaire Next Door, I think this personal finance classic left out a major ingredient on the path to financial wealth. Read what that missing element is here.
Last but not least before Weekend Reading, I think you should at least consider downsizing for various health, financial and environmental benefits – at some point.
Canadian Financial Summit is here!
Before we get to the Weekend Reads, just a quick reminder the Canadian Financial Summit is now underway – including my talk coming up soon: How I’m preparing my portfolio to fund my early retirement.
I look forward to your feedback on my talk!
Financial Mechanic said even though you’re not a “math person” that’s not any excuse to avoid getting your financial $hit together. Bang on.
My FI (Financial Independence) friends at PrairieFireCanada believe you need to avoid lifestyle inflation to succeed. Agreed – to a point. I also believe life is for the living. So, automate your savings, invest in low-cost funds or a diversified basket of stocks, and spend what is leftover. Save your 10-15% net and enjoy the rest.
DividendsDiversify offered some tips to streamline your finances. Again, huge fan of automation friends.
Reverse the Crush shared some mistakes by taking a year off work.
The Blunt Bean Counter shared some tips about investing like your grandmother or grandfather.
A HUGE congratulations goes out to my blogging pal Million Dollar Journey, who recently reached a cross-over point with more than $53,000 in dividend income. Incredible. I hope to post my latest dividend income update related to our FI journey sometime next month. This was my last update (MDJ keeps reminding me I’m not that far behind him with my workplace pension factored in…)
The Money Geek reminds folks that it’s OK to invest your own way. You don’t need to follow the herd to have financial success.
On a related note, Cut The Crap Investing says you should strive to find your own version of financial freedom. You bet!
Deals and more deals!
If you want to lower your investing costs AND generate better long-term returns – consider using my Bank of Montreal promo code MYOCASH to save hundreds of dollars when you invest with one of Canada’s best discount brokerages.
Have a great weekend!