Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

Category: Financial Independence (page 1 of 3)

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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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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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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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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Happy and Saving

When I was a child, my mom always used to tell me to go play outside. I went outside, picked up a stick in the woods, and could play for hours with my friends and our newly found treasure!

Now, as an adult, I notice that having fun has, somehow, become much more expensive. All my friends buy stuff to have fun.
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Dude, Where’s my Returns?

In recent years, bond yields have gone from the Good, the Bad, and the Ugly. In most of Europe and Japan, negative yields have been introduced and bonds are now in an unforeseen territory. There is now over $11.7 TRILLION dollars worth of bonds with negative yields out there and, surprisingly, there is always buyers for them.

To get this straight, you would now need to pay someone to lend them your money.
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Interview with Gwen from Fiery Millennials

Today we have an interview with Gwen from Fiery Millennials. This is the first time we made an interview but we’re hoping you learn a little from it and enjoy it as much as we did.

 

Who are you and what do you do? What is your story? Where did you start, where in the journey are you, and where do you ultimately want to end up?


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Maximize Home and Happiness

In some cities across America and in most of Canada, our generation is having a really hard time finding affordable housing. Rents have gone up faster than wages and housing prices have risen even faster with the advent of low-interest rates and the overflow of foreign buyers. In Canada, for example, the average house price has not dropped in the housing crash that the U.S.
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