Million Dollar Journey

Building Wealth through Saving and Investing

Must Read

Before we begin, if you are new here, you may want to read the Million Dollar Journey User Guide.

Top 10 Must Read Posts


  1. The Smith Manoeuvre I – Make your Canadian Mortgage Tax Deductible
  2. The Smith Manouevre II -Common Questions
  3. Canadian Discount Brokerage Comparison
  4. How Flow Through Shares Work
  5. Criteria for Purchasing Rental Property
  6. Child Care Tax Deductions
  7. Early Retirement Series
  8. How Capital Gains Tax Works
  9. How Interest and Dividends are Taxed
  10. How Call Options Work

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Million Dollar Journey Recommended Books


Save an additional 4% on the books below

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.

Book Review

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.

Book Review

Chapters Price: $16.46

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.

Smith Manoeuvre Overview

Chapters Price: $16.46

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

Save an additional 4% on the books mentioned above

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Recent Comments

  • SST: Great to see all the interest in Private Equity! To address everything in one fell swoop, there are basically...
  • Robb Engen: Thanks for the mention, FT. Have a great weekend!
  • Michael James: I wasn’t sure how people would take my momentum post. Many people’s comments about the...
  • Mike: I’m just back from a brief visit to our place on Kissimmee’s westside. I can tell you that, at...
  • Alan W.: Thanks for including me this week, I really think it would be better to just have trading accounts and run...
  • Pierre Fregeau: Gary, I don’t know which part of Florida, you bought your property in ’09, so I will...
  • Gary: The house we bought in 09 has now doubled in value. You need to hit the bottom like we did. I don’t think...
  • Pierre Fregeau: Continuation of post 208 For those of you worrying about the value of the Canadian Dollar. There was...
  • Travnik: SST you have peaked many ppl’s interest. I’m curious of the ones you’re actively involved...
  • Al: Yeah agreed, SST how/who/where can I get private direct ownership of oil/gas wells?
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