After reading "Why Swim with the Sharks?" I have been fairly curious about how much my wife and I would actually need to retire assuming a comfortable retirement lifestyle. So, lets work on a case study… me! In the book, the author suggests that you calculate the expenses that will be eliminated on a monthly…

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It's been a while since my last book review, to be completely honest, I've simply been too busy sit down and finish a book. The book that I've most recently completed is called "Why Swim with the Sharks? – An unconventional guide to early retirement". The book is Canadian based and describes how it is…

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I’ve been posting some pretty analytical articles this past week, so now it’s time to relax and enjoy what other personal finance bloggers have to write. The Carnival of Personal Finance #86 is now up and is hosted by a top notch blog, The Simple Dollar. Some topics covered: Editors Choice Budgeting and Money Management…

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I was cruising through the “hot deals” forum on Red Flag Deals and came by a great deal for purchasing a Costco membership! If you purchase a Costco membership online (Canada only), they will send you a $25 GIFT CARD along with it! All you have to do is use the coupon code “GSWEB25B” in…

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There has seem to be an anti-Smith Manoeuvre movement across some Canadian finance blogs as of late. For readers out there who don’t know about the Smith Manoeuvre, you can read about the strategy here. The SM is basically a financial strategy to convert your non-tax deductible debt (like a mortgage) into good tax deductible…

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Hopefully, most of you know what an RRSP is. For those who don’t, RRSP stands for Registered Retirement Savings Plan and it’s one of the only tax (and largest) deduction/deferral tools that employed Canadians have. The RRSP account can be opened at any of the big banks along with some online brokerages, and allows your…

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“How much can I make with AGLOCO?” is one of the top questions I receive from my readers. I don’t have a definite answer, but there is a popular AGLOCO website, The Simmons Report, that has done a thorough analysis of AGLOCO and has made some predictions on potential income. Out of the long report,…

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Here is a handy little table that I found in the book “Personal Finance for Canadians for Dummies” for calculating monthly mortgage payments using a simple multiplier. Interest Rate 15-Year Amortization 25-Year Amortization 5.0% 7.88 5.82 5.5% 8.14 6.1 6.0% 8.4 6.4 6.5% 8.66 6.7 7.0% 8.93 7.00 7.5% 9.21 7.32 8.0% 9.48 7.63 8.5%…

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