Welcome to Million Dollar Journey! If you’re new here, you can learn about me and even follow my financial journey to becoming a millionaire by 35 through my net worth updates. Since hitting the Million Dollar milestone, I’ve been documenting my journey towards financial freedom that you can read about here. If you are just starting your own financial journey, you can start with Financial Freedom 101 located in the navigation bar above. Before you leave, check out my latest articles listed below and don’t forget to subscribe to my updates!

Fixed Income Faceoff: Bond ETFs vs GICs vs High Interest Savings Accounts

By Kornel | December 2, 2019 |
Bond ETFs vs GICs vs High Interest Savings Accounts

For income-oriented Canadian investors the choice between a Bond ETF and a GIC or high interest savings account has become more important than ever.  With interest rates at historic lows (and not looking up any time soon) picking the best option for the “safe” part of our portfolio can make a substantial difference to the…

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Introducing new MDJ Team Members and Weekly Money Links

By FT | November 25, 2019 |

New MDJ Team Members If you’ve noticed a new “face” around the Million Dollar Journey office the past couple of weeks it’s because I’ve decided to bring on a little help. I’ve asked Kyle Prevost and Kornel Szweiber to come on board. As two young-ish Canadians who share my values about reaching financial independence sooner…

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Canada’s #1 Questrade Review 2020 [$50 Promo Offer Code]

By FT | November 21, 2019 |

Edited in November 2019 by FT with help from our newest author Kyle Prevost. In the last 11 years, we’ve seen an explosion in online broker competition, but for my money (literally) Questrade is still the best Canadian DIY option due to their commission free ETF purchases, low fees, and easy-to-navigate website.   Questrade Canada…

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Wealthsimple Review 2020 – Robo Advisor & Wealthsimple Trade [UNIQUE PROMO]

By FT | November 18, 2019 |

Now that Wealthsimple Trade has launched, and the robo advisor service has gotten so popular, I figured that it was time to take a serious look at the service.  If you’re the TLDR type, then this Wealthsimple review might be a bit lengthy for your tastes.  Feel free to navigate using our table of contents…

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The Ultimate Guide to Safe Withdrawal Rates in Canada (For Any Retirement Age)

By Kyle Prevost | November 3, 2019 |
The Ultimate Guide to Safe Withdrawal Rates in Canada

You’ve been reading MDJ for years, have used your Questrade DIY discount brokerage portfolio to accumulate a solid nest egg that includes your TFSA, RRSP, and perhaps even a non-registered account.  Now comes the time to start your retirement drawdown or withdrawal strategy. Surprisingly, when it comes to discussing Canadian safe retirement withdrawal rates, and…

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How Do I Maximize RESP Withdrawals?

By FT | October 28, 2019 |

With my oldest child turning 11 this year, my mindset and strategy for our family RESP is starting to shift from accumulation and growth to a more balanced portfolio. This has many similarities to retirement planning but on a smaller scale. In your younger years, there is a focus on growth, but as retirement approaches,…

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Being Grateful, Re-balancing your Portfolio, Recession is Coming, It’s Hard to Buy Nice Things, and More!

By FT | October 15, 2019 |

I hope you all had a great Thanksgiving long weekend!  If you take a moment to reflect, there are so many reasons to be grateful.  For me, the top of the list is my family.  Having a loving and supportive spouse, and the blessing of watching my children grow up before my eyes.   It’s almost…

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Running out of HELOC Space with the Smith Manoeuvre

By FT | October 7, 2019 |

If you’ve been following the blog for a while, you may have heard about the Smith Manoeuvre. At a high level, it’s a long-term investment strategy for investors with high risk tolerance.  Essentially, it’s where an investor borrows against his home (using a HELOC) to invest in the stock market, business, and/or real estate.  The plan…

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