Genymoney.ca: Make the Most of your Money
You’ll find posts on passive income and financial independence retire early (FIRE) here. Although I would not label genymoney.ca as a FIRE blog, I do write about (and dream about) FIRE and financial independence from time to time.
Passive income is not as hard to create in Canada as you might think. Here are 9 easy ways to generate passive income in Canada. If you have income producing assets, you’re well on your way to creating income while you sleep and eat and breathe, where you can reach financial independence. The need to work a traditional corporate job or day job will be long gone and you’ll have more time to spend on things that actually matter to you (like taking care of family).
If you’re wondering how much you should have saved for retirement by age 35, you can also find out here. See how you stack up compared to the ‘gurus’ that tell us how much we should have saved compared to the general population.
I turned the big 3-5 a few years ago and I am feeling my age (or maybe it was pregnancy induced because my body is more fragile than it ever was) because I have this chronically numb toe and I had terrible wrist pain/ tendinitis …
When can this single mom retire? I really enjoy reading the Globe and Mail’s Financial Facelift series or the Financial Post’s, but sometimes I find them a little un-relatable and ridiculous. Why? Often it is a couple with $5 million in the investable income producing …
Here’s how to earn passive income in Canada. Passive income generation in Canada is the ultimate goal towards financial freedom and financial independence…and here are 10 easy enough passive income ideas in Canada for you to work on so you can get rich in Canada. …
Sure, accumulating and building wealth can be fun and addictive. As you see your investment portfolio grow and see compounding work magic on your retirement nest egg, you may wonder though, what happens when I start withdrawing money from my portfolio? Will I run out? …
Read moreCashflow and Portfolios Retirement Projections Review
Does buying back a pension after a leave make financial sense? When I finished my maternity leave after a year with my firstborn, I was conflicted as to what I should do, whether I should buy back my pension or not. It was a lump …
What does financial freedom or financial independence entail when you have income generating assets working for you? To me, financial freedom means that the income that you have generated per month (without having to work your regular job) covers your monthly expenses. This will give …
Defined benefit pension plan Canada: The ultimate guide from someone who actually has a defined benefit pension plan (yours truly). Oftentimes I think of my defined benefit pension plan (DBP) is like a Set for Life Scratch & Win– except that I would have to …
Read moreDefined Benefit Pension Plan Canada: The Ultimate Guide