Before we begin, if you are new here, you may want to read the Million Dollar Journey User Guide.
Top 10 Must Read Posts
- The Smith Manoeuvre I – Make your Canadian Mortgage Tax Deductible
- Canadian Discount Brokerage Comparison
- Best Canadian Dividend Stocks
- All In-One ETF Comparison
- How Flow Through Shares Work
- How To Buy Stocks in Canada
- Early Retirement Series
- How Capital Gains Tax Works
- How Call and Put Options Work
- Investing in Cryptocurrency
Top 15 Must Read Product Reviews
- Best Stock Trading Apps In Canada
- Qtrade Review (2021 Top Canadian Broker)
- Qtrade vs Questrade Comparison
- Questrade vs Interactive Brokers
- BMO Investorline Review (Best Big Bank Broker)
- Best Canadian Robo Advisors
Million Dollar Journey Recommended Books
The Wealthy Barber
|I read this book back in high school and still inspires me today. It teaches the fundamentals of saving and investing and a must read for anybody just starting out in the personal finance world. Chilton is the one who coined the principle of separating your needs and wants.
Chapters Price: $12.88
Stop Working: Here’s How You Can
|Derek Foster has one of the most fascinating and inspiring financial stories where he retired at the age of 34 based on dividend income. I believe that this book is the reason why dividend investing is so popular among young investors in Canada today. The book teaches how to pick strong dividend paying stocks, how to invest for income, and most importantly, how Derek Foster retired at 34.
Chapters Price: $15.16
Why Swim with the Sharks?
|The book is Canadian based and describes how it is possible to retire EARLY with much LESS money that you think. I’ve always been intrigued by the idea of retiring early, and when I say early, I mean before 55. Is it possible? Do you really need the millions of dollars that the financial press and calculators tell you? How does someone know when they’re financially ready to take the plunge? This book answers all of those questions. If you’re looking for an example, I based my early retirement series on this book.|
The Smith Manouevre – Is Your Mortgage Tax Deductible?
|The Smith Manoeuvre is a popular topic on MDJ and will most likely continue to be as long as the blog is alive. The Smith Manoeuvre is a way for Canadians to structure their mortgage so that it’s tax deductible while building a substantial investment portfolio. The book, written by Fraser Smith, explains the intricacies of the wealth strategy and is a must read for anyone considering The Smith Manoeuvre.|
One Up on Wall Street
|For those of you who want to learn more about stock picking, then One Up on Wall Street by Peter Lynch is a must read. Peter Lynch is one of the most successful mutual fund managers of all time growing the Magellan fund from $18 million to $14 BILLION in assets (1977-1990). The book is well laid out and the stock picking concepts are explained clearly enough so that a beginner could follow.
Chapters Price: $13.30
Amazon Price: $12.05