Living off passive income

So you've got savings just sitting dormant in a "high interest" savings account. What are you making? 1-2% max if you're lucky? 

Meanwhile, you're busy working a full-time job, continually adding to this pile of cash that is losing value every day.

What's the problem we need to identify...

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CRA TFSA consensus and 3 ways to tax efficiency as an investor, trader, and/or day trader.

When the TFSA was introduced into the Canadian financial choices in 2009, Canadian’s took notice and got excited very quickly. I mean how couldn’t they when the entire financial rhetoric of middle-class Canadian’s is to work hard and save money for a rainy day. Now you can...

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Financial Freedom - Part 5

Part 5 - Private banking, and the resultant money on autopilot.

Make sure you read Part 1, Part 2, Part 3, and Part 4 before continuing. 

Let's assume you have found financial freedom, and that you are sitting on 6 million in the professionally managed fund discussed here, providing a...

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Financial Freedom - Part 4

Part 4  - Tax efficiency, Holdco's, Win Percentage & Account Implosion.

If you want financial freedom, financial literacy is a necessity. People may become rich by luck, but sustainable financial freedom is only achieved by those in the know. And that requires education.

I...

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Financial Freedom - Part 3

#3 Getting financially desensitized

Did you already read Part 1 and Part 2? If not make sure you check those out first so that the flow of this education makes sense.

One of the metrics which separates individual in the category of financial freedom is their ability to be desensitized from the...

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Financial Freedom - Part 2

Part 2 - Getting educated on IPA’s

It's my opinion that IPA’s should have been taught as a financial freedom 101 class in kindergarten. It stands for Income Producing Assets. Often times also referred to as Income Generating Asset's (IGA's). Your house? Not an asset if you ask me. If...

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Financial Freedom - Part 1

In this five-part blog article, I will be discussing one of many ways financial freedom can be achieved. I mean, this is a big-ticket item, right? If it weren’t, so many people wouldn’t be chasing fame, “likes,” “subscribes” and a social following at the...

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