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!

Motusbank Canada Review 2020: High Interest Savings Accounts, Online Personal Loans, and Mortgages

By Kyle Prevost | February 23, 2020 |
Motusbank Canada Review

With more and more Canadians moving to online banks to take care of their daily financial needs, it wasn’t a surprise to us when a new competitor popped up to challenge EQ Bank and Tangerine.  Motusbank enters 2020 with its eye on competing for Canadians’ dollars when it comes to their Motusbank mortgages, GICs, and…

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How Much TFSA Contribution Room Do I Have In 2020 and What Are the TFSA Rules and Limits?

By FT | February 16, 2020 |
How Much TFSA Contribution Room Do I Have

If you turned 18 on or before 2009, you have a ton of TFSA contribution room that you can use at any time.  Our table below gives you a quick look at the annual TFSA contribution room that would have accumulated over the years for you.  Knowing how much you can put in your TFSA…

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Will a Mini-Split Heat Pump Save You Money? Our Results After the first Year!

By FT | February 9, 2020 |

In late 2018, we installed a mini-split heat pump for the purpose of reducing our electricity bill.  Around here in the most easterly parts of Canada, most of the houses use electric baseboard heating as the primary source of heating.  While baseboard heating is a lower cost option during installation, the operating costs can rack…

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Canadian Online Discount Stock Brokerage Comparison 2020

By FT | February 1, 2020 |

Canadian Online Discount Stock Brokerage Comparison 2020 As we enter into a new decade of dividend and index investing I thought it was time for an update to our Canadian online broker article (whose first version dates back as early as 2006).  Use the table of contents below to dig into our criteria and comparisons…

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Financial Freedom Update (Q4) – 2019 Year End Update ($55,200 in Dividend Income)!

By FT | January 26, 2020 |
Financial Freedom Update December 2019

Welcome to the Million Dollar Journey 2019 (Q4) Year-End Financial Freedom Update. 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 $1M in net worth in June…

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

By Guest Blogger | January 18, 2020 |
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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Questrade vs Wealthsimple:

By Kyle Prevost | January 12, 2020 |

The Showdown: Questrade & Questwealth vs Wealthsimple Invest & Wealthsimple Trade Up until last year, investors looking to cut their investment fees to a minimum could choose to go with Questrade if they wanted an online discount brokerage and Wealthsimple if they wanted the ultimate in cheap, hands-off automated investing via a robo advisor.  Recently…

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Canada’s Best Dividend Growth Stocks for 2020

By FT | January 5, 2020 |
Canadian dividend growth stocks

I originally started looking at the best Canadian dividend growth stocks back in 2013.  As one of the most popular annual articles on the site, I’m proud to enlarge the list this year to include my top 25 Canadian dividend stocks for 2020.  For a quick read, view this list – complete data per stock…

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