Helping Canadians with Personal Finance Since 2006

Learn how to save money, build an investment portfolio, and become financially independent - from a middle-class Canadian who has actually done it!

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FHSA: Canada’s Tax-Free First Home Savings Account

By Kyle Prevost December 9, 2023

With the government having launched the First Home Savings Account (FHSA) in 2023, more first-time home buyers should really be looking to take…

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Best Canadian Dividend Stocks – December 2023

By FT December 9, 2023

As we update our list of the Best Canadian Dividend Stocks for December 2023, we continue to focus on four key areas: As…

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BMO SmartFolio Review 2023

By FT December 7, 2023

I’m a huge fan of robo advisors, and BMO’s robo advisor: SmartFolio is no exception to that. If you’re not familiar with robo…

Investing In Canadian Bank Stocks

Investing in Canadian Bank Stocks 2024

By FT December 2, 2023

With Canada’s big banks all reporting Q4 earnings this week, we thought we’d take a look at investing in Canadian bank stocks in…

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The 5 Best Defensive Stocks in Canada for 2024

By FT November 26, 2023

With Canadian dividend stocks getting hit hard this year, several people have commented asking me what the best defensive stocks in Canada are. …

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Withdrawing From RRSP/TFSA to Fund Early Retirement

By FT November 18, 2023

As I transition into early retirement (after reaching financial independence) I find myself having to shift from an accumulation mindset to a spending…

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Simplii Financial Review

By Kornel November 16, 2023

If you prefer to do all your banking from the comfort of your home and don’t mind not having access to face-to-face help…

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Wealthsimple Review 2023

By FT November 15, 2023

What is Wealthsimple? Wealthsimple was founded in 2014 by Michael Catchen, Brett Huneycutt and Rudy Adler. Today it has grown into one of…

milliondollarjourney dividend income nov2023

Financial Freedom Update Nov 2023 – $78.8k in Dividend Income!

By FT November 11, 2023

Welcome to the Million Dollar Journey November 2023 Financial Freedom Update – the third update of the year! If you would like to follow my…

About Us

Thanks for Stopping By...

If you’re new around here, I go by Frugal Trader and I started this site back in 2006 to set goals for myself and track my learning progress. Over the last fourteen years, I’ve publicly shared my path to financial freedom, from what discount brokerages and high interest savings accounts I use, to the unique ways I’ve found to save money.

The Million Dollar Journey team is proud to now include writers from all across Canada, representing a diverse array of backgrounds and unique points of view.

If you want to learn more about me and my team, check out our About Page. If you want to learn more about Canadian money stuff like RRSPs, TFSAs, and daily savings tips, start with our Financial Freedom 101 section. Finally, if you want to receive the free eBook I recently wrote about how to organize your Canadian life and portfolio for retirement at any age, just click here to get an instant download.


Million Dollar Journey Chef's Recommended

Investing - Real Estate - tfsa

FHSA: Canada’s Tax-Free First Home Savings Account

Kyle Prevost - December 9, 2023
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Best Canadian Dividend Stocks – December 2023

Investing - Product Reviews - Robo Advisor

BMO SmartFolio Review 2023

"I've completed my million dollar journey...

Want some help with yours?”

Instantly download our free eBook on tips for how to organize your RRSP, TFSA, and other investments, in order to get the most out of your retirement at any age.

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Community is everything.

Million Dollar began back in 2006, and boasts nearly 50,000 comments. Benefit from their collective wisdom and read what our community has to say about Canadian finance in 2023.

We’ve got a ton of information here , and after helping thousands of Canadians get started over the years, I know the information overload can be a bit intimidating.

Every journey begins with just a small step! If you are unsure where to start, check out these index investing strategies or Canadian dividends guide, two of my most useful money making methods over the years. Or read my net worth updates to see  exactly what I did to reach the million dollar mark.

Be good with your money and thanks for being a part of the MDJ Community. Don’t forget to sign up below so that you’ll get our “Monday Morning Coffee” email that will fill you in on the writing we have done that week.

- FT and the Million Dollar Journey Crew