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.
Wow, it’s hard to believe that 2022 is already half over. For the most part, June was cold and wet here in the Lower Mainland. Many people even used the term Juneary because it felt …
Since Canadians can’t deduct mortgage interests in our income tax filing, many Canadian homeowners use Smith Maneuver as a legal strategy to enable them to make their mortgages tax-deductible. Essentially, Canadians would borrow money against …
Recently I was featured in an article called “Experts say dividend-paying stocks are not for everyone.” Since the article is by The Canadian Press, it appears on many different sites and I certainly had my …
Although I grew up in a household where my dad retired in his early 40s and a couple of my cousins reached financial independence and/or retired early in their 40s, I had never really put …
Wow, the stock market sure has been volatile lately. The retail sector is taking a big hit, just take a look at Target, Walmart, Amazon, and Costco. Ouch! Should you hoard cash and wait till …
In recent years, there are more and more new and innovative investment products available to Canadians. These new products, mostly in the form of ETFs, typically have low management fees and provide excellent sector and/or …
Lately, the talk of the town seems to be the rising interest rates. Earlier this month, the Bank of Canada raised the benchmark interest rate by whopping 0.5% to 1%, making it the biggest rate …