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 …
Tawcan is a Canadian personal finance and dividend investing blog that chronicles my quest for financial independence and joyful life.
I started this blog to show it is possible to achieve financial independence as a single-income family with two young kids while living in Vancouver Canada, one of the most expensive cities in the world.
My wife and I started building our dividend portfolio in 2011 after a financial epiphany.
Today, the portfolio generates over $6,000 in dividends per month. We originally dreamed of becoming financially independent and living off dividends by 2025. Although we could live off dividends by supplementing it with a part time income in 2025, we aren't in a rush to cross the so called "finish line." Therefore, we are taking it easy and we plan to realize the dream of living off dividends before 2030.
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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 …
Random thoughts from Taiwan & Hong Kong
Thanks to work, I’m over in Asia again. To be more specific I’m spending a week in Taiwan with a quick day trip to Hong Kong on the second day of my trip. This marks …
Dividend Income – April 2023 Update
It’s time for one of my favourite topics to write – monthly dividend income update! For those of you that are new, we became very focused on dividend growth investing strategy in 2011 after reading …
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 …