Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

Category: Earning More

Your First Step to Financial Freedom

This is a re-edition of our original post posted on March 20th, 2016.

 

If you are like us and you want to achieve financial independence, you need to know where your money is going and you need to know how you are investing your hard earned dollars. We highly suggest you use the best online tool available today and sign-up for free with Personal Capital.
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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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Traveling 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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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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Why Work More?

Whether you want to splurge at that new Tapas bar that just opened down the street or simply invest an extra $100 this week, it is always nice to earn a little extra income without working harder. There is a bunch of tricks to earn a little more without necessarily clocking in more hours at work or grinding away at a side hustle.
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Open Book – How Much Are You Spending?

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

 

With today’s online tools like Mint or Personal Capital, it is super simple to track a budget and hopefully, to follow it. We have been tracking our finances for a few years now and our most recent focus is our savings rate.
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Should You Like Your Job?

I was reading this study about happiness in the workplace and it really surprised me how little of us truly enjoy our job. Yet, so many are working over 40 hours a week until they are over 65.

If so few are enjoying their work, why so few are taking the necessary steps to retire early? I understand that financial independence takes a few sacrifices but it does offer its benefits.
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I Make Money in my Sleep

Income is what sustains us, it is what pays the bills, and knowing that this income will be there tomorrow is truly freeing. Having to stress about money is never fun but there are easy tricks that can make you relax and enjoy life. If you are like most of us and work for income, you are generating active income. You are basically trading your time for money.
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