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.
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 …
Fat FIRE. I had a taste of it and I want it. I felt that my year-long maternity and parental leave was, in a sense, a little mini-retirement. I lost track of the days (a common thing I said was “It’s Friday again?”), I did …
Read moreFat FIRE: Why I Want It (Not for the Reason You Might Think)
When I think of Power of Attorney meaning, I always thought this meant having someone that you designate and appoint to make health care decisions on your behalf. This is actually called a “Living Will” or colloquially, a Healthcare Power of Attorney. This is actually …
Retirement, this is what most are striving for in the personal finance community. More specifically, early retirement at that with the help of something called the Safe Withdrawal Rate. I was inspired by a post from Liquid Independence’s blog about Revisiting the 4% Safe Withdrawal …
Read moreSafe Withdrawal Rate (SWR) vs Never Touch Your Principal (NTYP)
This Ultimate Recipe for FIRE (Financial Independence Retire Early) is an older post, but I thought I would dig it up and update it. I’ve been reading a lot of recipes and of course follow tons of food blogs on Instagram (which by the way, …
Read moreThe Ultimate Recipe for FIRE (Financial Independence Retire Early)
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 …
My Phased Retirement Plan Strategy What’s my sneaky phased retirement plan strategy? In a nutshell, it’s to stick it out in order to get more money so I can earn less money later on. Clear as mud? Many moms I know went part-time or even …