Archive for September 2019
Reader Mail: I’m a Low Income Senior – RRSP or TFSA?
A reader emailed me recently about being a low-income senior, but with some savings ability and was wondering if it makes sense to start an RRSP or a TFSA. The email did not include a lot of details, but for the most part, my answer would be the same – TFSA. The next question is…
Read MoreFree Canadian Financial Summit tickets, Getting Retirement Ready, Living off Dividends and More!
Sponsored RBC InvestEase contacted me to help spread the word on a new educational initiative that they started to help beginner investors. As they have launched a very competitive robo-advisory service that I positively reviewed, they are building an educational database of articles to help with your investing journey. Check out RBC InvestEase articles on…
Read MoreFinancial Freedom Update (Q3) – September 2019 – Reaching the Cross Over Point ($53,400 in Dividend Income)!
Welcome to the Million Dollar Journey September 2019 (Q3) Financial Freedom Update – the third update of 2019! If you would like to follow my latest financial journey, you can get my updates sent directly to your email, via Twitter or Facebook, and/or you can sign up for the monthly Million Dollar Journey Newsletter. For those of you new here, since achieving…
Read MoreLate Starting your RESP? Here’s how to Catch UP!
A friend of mine, Gary, recently asked me about registered education savings plans (RESPs) and if it’s too late to get started. Gary’s kids are 14 and 12, and while a bit late in the game, there is still time to take advantage of free government money. What is an RESP? An RESP stands for…
Read MoreDividend Kings List – Companies with Annual Dividend Increases for Over 50 Years!
A reader has prompted me to update this post (originally posted in 2016). Dividend growth investing may not be for everyone, but I am a fan. I like the idea of receiving tax efficient payments from long-established companies with a track record of annually increasing their payments to shareholders. I’m also a believer in…
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