Dividend Income – May 2023 Update
Welcome to a new monthly dividend income update. These monthly dividend income updates are one of my favourite blog posts to write because they allow me to demonstrate that it is possible to build up …
Financial Independence
Financial Independence (FI) the most important part of Financial Independence Retire Early (FIRE).
Why is FI so important? Because being financially independence means that we can choose to work if we wanted to, not because we have to.
This blog is dedicated for chronicle our financial independence journey.
Do we have enough to live off dividends? A case study
Last year, I asked whether we have enough to retire in 2023. After running some projections and analysis, it was clear that we can’t retire and rely on dividend income alone to sustain our current …
What if you run out of life? Save-Spend balance
Let’s be honest here, inflation is real. Very real! Despite being as frugal and careful with our expenses as possible, we are seeing an increase in our living expenses; arguably, just like everyone else. Unfortunately, …
What to do with a $5 million windfall
Recently a reader emailed me about a big windfall that he received. “Hi Bob, I recently received a pretty significant windfall… $5 million! To be honest, I’m not sure what to do. I want to …
Does it make sense to invest US dividend stocks in TFSA?
Many Canadian investors know there’s a 15% withholding tax on US dividends. You can avoid this costly withholding tax if you hold US dividend stocks inside your RRSP, as there is absolutely no tax levied …
2022 Financial Review: Core Spending $40,563.19 CAD & Net Worth +9.14%
I have been posting our annual financial review since 2016. Originally, I wasn’t going to write about our 2022 financial review, but I was pleasantly surprised when a few readers reached out and asked why …
2023 Goals & Resolutions
A new year means another set of goals and resolutions. Since 2019, I have been setting goals and resolutions at the beginning of the year and tracking them via a spreadsheet. I then provide quarterly …