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Welcome to Million Dollar Journey! If you’re new here, you can learn about me and even follow my financial journey to becoming a millionaire by 35 through my net worth updates. Since hitting the Million Dollar milestone, I’ve been documenting my journey towards financial freedom that you can read about here. If you are just starting your own financial journey, you can start with Financial Freedom 101 located in the navigation bar above. Before you leave, check out my latest articles listed below and don’t forget to subscribe to my updates!

Welcome to the Million Dollar Journey September 2019 (Q3) Financial Freedom Update – the third update of 2019!  If you would like to follow my latest financial journey, you can get my updates sent directly to your email, via Twitter or Facebook, and/or you can sign up for the monthly Million Dollar Journey Newsletter. For those of you new here, since achieving… Read More

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A friend of mine, Gary, recently asked me about registered education savings plans (RESPs) and if it's too late to get started. Gary's kids are 14 and 12, and while a bit late in the game, there is still time to take advantage of free government money. An RESP stands for Registered Education Savings Program… Read More

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dividend kings

A reader has prompted me to update this post (originally posted in 2016). Dividend growth investing may not be for everyone, but I am a fan.  I like the idea of receiving tax efficient payments from long-established companies with a track record of annually increasing their payments to shareholders.   I'm also a believer in… Read More

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Henry Mah from "Your Every Growing Income" blog posted a questionnaire for income investors and I thought it would be useful to help summarize my investment principles in a single post. If you are a regular reader, you'll know that while I'm a dividend investor, I'm also an index investor at the same time.  In… Read More

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income splitting tax strategy - spousal investment loan

A couple of years ago, I wrote about income splitting strategies to help reduce family taxes in the scenario that one spouse makes significantly more income than the other.  Strategies such as: Contributing to the lower-income spouses TFSA (no attribution rules for TFSA contributions); Maintaining separate bank accounts where the higher income spouse pays for… Read More

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best cash back credit card in Canada

This post was originally written in 2007 but has been updated annually since. The reason why I'm posting it again now is because there have been changes to the best free credit card in Canada.  More below. After you guys gave me your favorite credit cards, I did a little research and came up with… Read More

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Can You Have Too Much RRSP?

Since I've written about how much you need to save to reach $1M in your RRSP starting in your 30's, 40's, and 50's, I've been getting questions from readers who have significant RRSP contributions.  More specifically, can you have too much in an RRSP? I haven't been able to find any good articles online that… Read More

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Building an indexed diversified portfolio has never been easier and cheaper for investors.  If you like to put your portfolio on autopilot, you can buy a single all-in-one ETF that will even re-balance your stock bonds automatically, all while charging very low fees.  Related: All-in-one ETF Battle: Vanguard vs iShares vs BMO All you need… Read More

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