Can You Invest Solely in ETFs?

invest only in etfs

As regular readers of MillionDollarJourney know, we are big fans of Exchange Traded Funds (ETFs) which are one of the fastest growing products in the market.  Were it not for the fact that financial firms and advisors have less incentives to sell ETFs than other investments such as mutual funds (that provide them with annual…

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Can Side Hustles Actually Make Me Money?

side hustle make money

Rumor has it that starting a side hustle is a waste of time.  Try telling that to the thousands of people making money online. Or even the hundreds of people (including myself) that start an affiliate marketing online business in different niches such as building a home gym.  But what makes some side hustles pop…

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Enriched Academy Review

enrich academy logo

Editor’s Note: When the Enriched team approached us about completing an Enriched Academy Financial Coaching Review, we thought it looked pretty cool – but a bunch of money nerds who write about this stuff in their spare time aren’t really Enriched’s target audience.  So what we did is set them up with a friend of…

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New Credit Card Offers Can Save You $1,500+ On Travel

The stats are incredible. 75% of Canadians have received their first dose of the COVID-19 vaccine, while 35% are fully vaccinated. In addition, travel restrictions are starting to lift in many countries including Canada. While these new developments should be enough to get people thinking about travel again, there’s an even better reason: the biggest…

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Amex Platinum Canada – Is The $699 Annual Fee Worth It?

AMEX Platinum Canada

Long-time MDJ readers will know that I typically don’t write about credit cards. I don’t have anything against them (in fact I definitely cash in thousands in credit card perks each year) it’s just that I like to focus more on investing money than on investing in credit cards! When I do write about credit…

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Net Worth Update December 2014 – Karl the Real Estate Agent

Welcome to the Million Dollar Journey December 2014 Net Worth Update – Team MDJ edition. A select group of readers were selected to be part of Team MDJ which was conceived after the million dollar net worth milestone was achieved in June 2014. Karl the Real Estate Agent was selected as a team member and will…

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Gas Rewards Programs Compared

Almost everyone needs to buy gas and I suspect most Canadians have participated in a rewards program affiliated with their favourite brand. But, are these rewards actually worthwhile? Are you getting a half decent return on your spending and, more importantly, do these rewards deserve your precious loyalty? In fact, some of these programs DO…

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Net Worth Update September 2014 – Nobleea

Welcome to the Million Dollar Journey September 2014 Net Worth Update – Team MDJ edition. A select group of readers were selected to be part of Team MDJ which was conceived after the million dollar net worth milestone was achieved in June 2014. Nobleea was selected as a team member and will post net worth…

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Lessons from a 50 Year Old Multi-Millionaire

I got a later start on my Million Dollar Journey (MDJ) mainly because it took me until age 30 to figure out what I wanted to be when I grew up. The year I started making my first real income, I also got married. In retrospect, getting married factored majorly in to our financial success.…

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Why the Second Million is MUCH Easier

This is a guest post by Derek Foster, author of the popular book “Stop Working, Here’s How You Can!” Throughout my 20s I never had a high-paying job, but I focused on saving some of everything I did manage to earn. To be fair, I could have saved much more quickly, but I also wanted…

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Is your Life Insurance Policy about to Implode?

Life Insurance Policy

This is a guest column by insurance specialist Glenn Cooke. Your life insurance policy may be about to implode. You may be on the verge of having to pay exhorbitant premiums just to keep your existing life insurance policy in force – and with those premiums continuing to increase year over year. Life insurance companies…

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Landlord Math – Cap Rate and Return on Investment

This is an article from our regular real estate columnist Rachelle. Every landlord should know some basic math. There are calculations that are indispensable to the business. I have seen plenty of fast and loose interpretations of these formulas. Remember when you are buying a property the seller is going to try to get creative…

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Residential vs. Commercial Real Estate Investment Comparison

This is a column by our resident real estate expert Rachelle. I actually live and work in the Toronto area, in Ontario and this post is about different kinds of properties you can invest in and the benefits and pitfalls of developing a portfolio of properties that is not residential. Law Residential Property The law…

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Does Your Advisor have Your Best Interest at Heart?

Financial Advisors have been under enormous pressure over the last year; clients are getting tired of seeing red on their statements and are looking for answers from their advisors. The most common answers given by their advisors is “This is part of the market cycle, just stay invested and you will be fine in the…

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