Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

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A Wealth of Happiness

Here’s a radical thought for retirees-to-be: Instead of obsessing over how to squeeze every last drop of return from your investment portfolio, think instead about how to generate the greatest amount of happiness from your accumulated wealth. – Ian McGuagan

 

I was pleased to read this recent article in The Globe and Mail that started with the amazing sentence above.
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Inflation-Adjusted Happiness

Last weekend, we went to New York City to unwind and discover the Big Apple. It was a great way to forget about our daily routines and enjoy the high-pace of the city. A few weeks before our trip, we planned a few activities and booked our hotel with SPG reward points. We booked a hotel in Midtown (Time Square) for $325 a night but we actually paid a total of $0.00 for our whole stay.
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Live with less

We live a conscious life.

We consciously choose our purchases, our investments, and our lifestyle.

 

When we face a choice, we try to think of alternatives and try to pick the optimal option that will maximize our happiness while minimizing costs. Using the utilitarianism ethical theory, for example, “Happiness” here is defined as the maximization of pleasure and the minimization of pain.
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Interview with Liz from Chief Mom Officer

Today we have an interview with Liz from Chief Mom Officer. She is a breadwinning mom to 3 boys with a stay at home husband. She climbed up the corporate ladder to earn over 6-figures and now also writes about here life, ideas, and tips over at ChiefMomOfficer.org.

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Who are you and what do you do? What is your story?


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Will you Survive Retirement?

Over the years, prosperity rose, quality of life improved, and life expectancy increased drastically. Life expectancy in 1900 was only 46.3 years old for men and 48.3 years old for women while just fifty years later in the 1950s, it was up to 65.6 years old for men and 71.1 years old for women. Nowadays, the probability for a baby boomer to live through his or her 80s is almost half.
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Travelling the world, priceless

In the year of 2016, we optimized our spending and coordinated multiple credit card applications to maximize our travel rewards. Over the year, we applied for multiple TD cards, each a CIBC card, multiple American Express cards (including two Starwood Preferred Guest cards to stay at hotels for free), and an MBNA Alaska Airline card each. (Using these affiliate links will give you a bigger welcome bonus or cash back.
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Socially Responsible Investing

In recent years, socially responsible investing, or ethical investing, has quickly gained momentum.

Also coined as impact investing and sustainable investing, socially responsible investing considers the environmental impact, social implications, and corporate governance to select where and how to invest while having a positive societal impact.

 

“More recently, you’ve had very sharp uptick,” Peters said. From the beginning of 2012 to 2014, SRI assets in the U.S.


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Open Book – New Job and New Investments

This is part of our Open Book series, you can start here if you did not read our first post.

 

It is a new beginning. After months of research and over two dozen interviews, I am proud to announce that I finally found a new job.  I applied to at least a hundred positions online and received multiple offers from some of the biggest companies in Canada.
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How to Choose a Home

Shopping for a house was a huge consideration for us and it should be one for anyone in the process of moving since it is likely the biggest purchase one will make in his life. Buying too little might not be wise, just like buying too big might not be wise. Depending on your location and plans, renting might be the optimal choice rather than buying and living slightly further from work might be better than living downtown.
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Advice is Costing You

Whether through mutual fund management fees or financial advisor fees, active investing is costing a lot to the average investor. It is no wonder that more and more assets are flowing towards index funds!

 

Investors wasted more than $100 billion over the last decade on expensive advice. – Warren Buffett

 

Over time, the 1 or 2 percent fee charged by money managers really compound to large sums.
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