Welcome to the Million Dollar Journey.

If you’re new here, you can learn about me, and follow step-by-step along the path I took to become a millionaire by age 35. Over the last 14 years, I’ve written extensively about Canadian dividends and the index investing strategies that I’ve used, in addition to some everyday money-saving tricks. Please check out my FREE eBook: Can I Retire Yet? and join 30,000+ Canadians on your own personal Million Dollar Journey.

I've completed my Million Dollar Journey.
Let me guide you through yours.

 

saving,frugal living,

Top Free Cash Back Credit Cards in Canada for 2020

By FT | August 11, 2019 |
best cash back credit card in Canada

This post was originally written in 2007 but has been updated annually since. The reason why I’m posting it again now is because there have been changes to the best free credit card in Canada.  More below. After you guys gave me your favorite credit cards, I did a little research and came up with…

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Can You Have Too Much RRSP?

By FT | August 5, 2019 |
saving,frugal living,

Since I’ve written about how much you need to save to reach $1M in your RRSP starting in your 30’s, 40’s, and 50’s, I’ve been getting questions from readers who have significant RRSP contributions.  More specifically, can you have too much in an RRSP? I haven’t been able to find any good articles online that…

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Owning Individual Real Estate Investment Trusts (REITs) vs REIT ETFs

By FT | July 29, 2019 |
saving,frugal living,

Building an indexed diversified portfolio has never been easier and cheaper for investors.  If you like to put your portfolio on autopilot, you can buy a single all-in-one ETF that will even re-balance your stock bonds automatically, all while charging very low fees.  Related: All-in-one ETF Battle: Vanguard vs iShares vs BMO All you need…

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Money when New to Canada, Adding REITs to Your Portfolio, Smith Manoeuvre with Cottages and More!

By FT | July 22, 2019 |
saving,frugal living,

Freebie of the Month If you are a reader of MDJ, you will know that I’m a fan of Questrade discount brokerage. I opened an account with them when they first started in Canada, and continue to open accounts with Questrade – in fact, I’m just about to open a spousal RRSP to help with income splitting during retirement.…

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Building a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s.

By FT | July 8, 2019 |
saving,frugal living,

I recently wrote about how you can build a comfortable retirement lifestyle even if you start a little late.  The article included a couple of examples of an investor who starts in his/her 40’s and 50’s and still result in a comfortable middle-class retirement.  But what if you want a little more during retirement?  What…

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The Biggest Risk of Super Early Retirement (FIRE) – Sequence of Returns!

By FT | July 2, 2019 |
saving,frugal living,

The concept of financial independence/retire early (FIRE) is all the rage in the personal finance space. The idea is to save a large percentage of your income (50% or more), live as frugally as possible, and retire in a short period of time while continuing to live frugally.   Related: How much do you need to…

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Starting to Invest Later Can Still Result in a Comfortable Retirement

By FT | June 24, 2019 |
saving,frugal living,

I’ve written a lot about investing and how combining an early start and compound high interest can really make you wealthy. But for many, just graduating from post-secondary education and just starting a career at a moderate salary, big savings is not really an option.  Especially when you combine housing costs, debt payments, vehicle payments.…

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Financial Freedom Update (Q2) – June 2019 ($50,660 in Dividend Income)!

By FT | June 17, 2019 |
saving,frugal living,

Welcome to the Million Dollar Journey June 2019 (Q2) Financial Freedom Update – the second 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…

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