Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

Category: Financial Independence (page 1 of 3)

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.
 Read the rest.

When it Will Fall

The next big hit might come tomorrow, next month, next year, no one knows. Anyone who does claim to know is simply playing a probabilities game until he or she gets it right. In other words, it is luck.

Jim Cramer for example, the famous host of Mad Money, shares stock picks every night but these stocks only returned 64.53% over the last 15 years (2001 to 2016) compared to 126.06% for the S&P 500 over the same period.
 Read the rest.

BMW is Your Secret to Early Retirement

Everyone has to start somewhere. No one is born a financial genius, nor does everyone have an interest in their personal finances. We all have dreams, goals, bills, and expenses. Personal finance is exactly that; personal.

From a young age, children see their parents swipe those magic plastic cards that let you take anything from stores. They then learn how the bank of mom and dad can pay for the movie nights and new shoes.
 Read the rest.

Open Book – Half a Year, Half Way There

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

.

We are in June and it is time for our mid-year assessment. We have been tracking our income and spending for years and since we discovered the whole concept of financial independence, we started tracking our savings rate. The amazing thing is; the more we can increase our savings rate, the faster we can claim our financial freedom.
 Read the rest.

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.
 Read the rest.

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.
 Read the rest.

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.

.

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


 Read the rest.

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.
 Read the rest.

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.
 Read the rest.

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.
 Read the rest.

Older posts

© 2017 Our Financial Path.

Theme by Anders NorenUp ↑