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,

Dividend Kings List – Companies with Annual Dividend Increases for Over 50 Years!

By FT | June 30, 2020 |
dividend kings

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 also like the idea of…

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Options Trading: Buying and Selling Calls & Puts for Hedging & Profit

By FT | June 28, 2020 |
Options Trading: Buying and Selling Calls & Puts for Hedging & Profit

As markets become more turbulent and investors are seeking ways to protect profits or perhaps enhance them, call and put options are rising in popularity in an unprecedented manner.  Of course, investors are much more likely to shoot themselves in the foot, than do anything productive when it comes to “calls” and “puts” – but…

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Financial Freedom Update (Q2) 2020 – V-Shape Recovery Edition ($60,550 in Dividend Income)!

By FT | June 21, 2020 |
saving,frugal living,

Welcome to the Million Dollar Journey 2020 (Q2) Financial Freedom Update – the V-Shape Recovery Edition!  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…

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Questrade vs Wealthsimple:

By Kyle Prevost | June 17, 2020 |
saving,frugal living,

Questrade vs Wealthsimple: By Kyle Prevost | January 12, 2020 | Comments 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…

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

By FT | June 16, 2020 |
wealthsimple review

Wealthsimple Review 2020 – Robo Advisor & Wealthsimple Trade [UNIQUE PROMO] By FT | May 17, 2020 | Comments I’ve been putting off writing a Wealthsimple review for a while now due to the fact I personally do not personally use robo advisor, instead preferring to cut costs to the bone with my Questrade, my top rated…

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Canadian Legal Wills Review: Canada’s Best Online Will Kit

By Kyle Prevost | June 14, 2020 |
Canadian Legal Wills Review: Canada’s Best Online Will Kit

When I was asked if I wanted to write a Canadian Legal Wills review in exchange for a free trial of Canada’s best online will kit, I have to admit that I was embarrassed.

You see… until yesterday I didn’t have a will.

I know… statistics show that roughly half of Canadian adults don’t have a will, and only a third or so have one that is up to date.

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Where is the Loonie Heading? Will it Ever Reach Parity with the US Dollar Again?

By Guest Blogger | June 12, 2020 |

Before we get too far into talking about foreign exchange (FX) and/or conversion rates from Canadian Dollars (CAD) to US Dollars (USD) it’s worth noting that in no way am I advocating that people should get into currency trading.  Trying to predict currency markets is like lighting a bunch of fuses and predicting which firework…

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Questwealth Portfolios: A Robo Advisor by Questrade

By Kyle Prevost | June 8, 2020 |
A Robo Advisor by Questrade

The short answer is yes, Questrade having a robo advisor is nothing new.   However, the old robo, Questrade’s Portfolio IQ, has been replaced by their new product: Questwealth Portfolios. So, what does Questwealth Portfolios have to offer and how does it stack up to other robo advisors in Canada? Keep reading to find out.…

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