Feels not too long ago that I was writing the 2017 year-end post, but here we are, the end of 2018!  This past year was significant in a few ways. 

On a personal level, I started a new career that has helped me grow professionally and honestly has been a lot of fun.  There is truth in finding work that you enjoy so that it doesn’t even feel like you’re working!  From my experience, the key is to keep things fresh and to keep learning.  Once things get stale, try to find new responsibilities with your employer, or even look outside for new opportunities.

From a family perspective, the kids are getting older, but so are we!  With the big 40 year milestone around the corner, I don’t feel a day over 38.  Kidding aside, with our social circle getting older as well, time feels like it’s passing too quickly and I’m increasingly getting the feeling that life should be as fun as possible.  Perhaps I’m getting my version of a mid-life crisis, who knows, I may be buying that sports car sooner rather than later.

Financially, even though we hit the $1M milestone in 2014, and the $1M portfolio milestone in 2017, we are still focused on generating passive income.  We hit a big milestone in surpassing $45k in dividend income and will continue to build on this until we reach our goal of $60k in a couple years.  The end goal is to generate enough passive income to pay for our recurring expenses.  Once that goal is reached, I imagine that we will continue to build wealth, but perhaps with a new focus.  Time will tell!

In terms of the markets, it seems that 2018 was a pivot year.  With the bull market running since 2009, it really was time for a meaningful correction.  I’m seeing headlines that 2018 has been the worst year since 2008 but don’t let that scare you.  Stay invested and keep your eye on the horizon. In fact, if you have some cash, look for opportunities to build your portfolio at lower prices.

Back to the point of the post!

Here are some of the top articles from Million Dollar Journey in 2018

  • How compounding returns make you rich – This is a pillar post on a fundamental concept of investing – compounding returns.  Discover the raw power of time combined with compound interest/returns with graphical examples.  This is a must read especially for young investors.
  • Vanguard All in One ETFs – Perhaps the best financial product released in 2018.  These low cost all in one ETFs make it super easy for the DIY investor to efficiently build their portfolio.  Bravo to Vanguard for bringing these ETFs to Canada.
  • Top premium credit cards with no foreign transaction fees – Ever since the demise of the Amazon Visa, there has been a lot of interest in the alternatives.  For the high rollers out there willing to pay an annual fee, this article will point out the best cards with no fx fee.
  • What’s in my wife’s portfolio? – How much does my wife’s portfolio contribute to the financial freedom journey?  This article will describe the holdings and how much it contributes to the journey.
  • Official passive income rules for Canadian small business – Are you a small business owner and confused about the new passive income rules?  This article will help clarify a few things!
  • 4 ways to get your credit score and report for free – Interested in keeping up with your credit score?  Here’s are 4 ways to get your score for free!
  • Dogs of the TSX 2018 edition – This is a dividend strategy picks the top yielding blue chip companies on the Toronto Stock Exchange.  This article describes the new picks for 2018.  In a future post, I will have 2019 picks along with the results for 2018.
  • Paying property tax with a credit card – For people who maximize credit card rewards, you can now pay for utilities and property tax with a credit card for extra points – and for free!
  • Building wealth is like playing a video game – A different perspective on building wealth and a way to take the emotion out of financial decisions.
  • Horizon’s all-in-one tax-efficient ETFs – If you have your tax-sheltered accounts maxed out, these index portfolios are a great solution for taxable accounts.
  • The biggest weed stocks in Canada – 2018 was a huge year for cannabis stocks, but after legalization in October, they fell apart.  Even still, these are the biggest weed stocks in Canada.
  • The new rules of personal finance – My thoughts on the new rules of personal finance which deals with debt, mortgages and investing.
  • How we collected over $1,500 in cash back rewards in 2018 – Read our points collecting strategies and the beauty of the PC Optimum program!

There you have it, my final post for 2018.  Here’s to Health, Wealth, and Happiness in 2019.

Happy New Year!

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Happy new year FT, may 2019 bring you more and more passive income and dividends!!

Happy new year Frugal Trader! I’m very impressed with your dividend income, hopefully we’ll get to that level of dividend income in a few years, we ended up over $18k for 2018. :)