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Lack of Value, All Seasons Portfolio, Protecting Nest Egg in Retirement, Lessons from the Rich, and more!

People who do not save or save very little are often stumped when they hear about how certain people on their way to financial independence save >50% of their take-home income. Canadian Dream explained about the driving force at Lack of Value.

A TFSA is a great way to save for retirement as the income can be withdrawn tax-free. But, is it worth funding the account with corporate dollars if you own a business? Find out through The Blunt Bean Counter‘s post Should You Fund Your TFSA With Corporate Funds?

Canadians are known to have high debt loads. The Canadian Personal Finance Blog dug through the Bank of Canada’s Financial Statistics document to answer the question: Do Canadians Borrow For Wealth?.

If you own, or plan to buy, real estate in the US, Young and Thrifty‘s post about Owning U.S. Real Estate – Tax Structures will assist you in planning and mitigating risks.

Saving money involves assessing different categories of spending and modifying them. The Canadian Finance Blog helped readers by providing 10 Simple Money Saving Tips.

The All Seasons Portfolio is portrayed as one that will weather market storms. Having your eggs in many baskets (i.e. investment vehicles) should diversify the risks, shouldn’t it? The Canadian Couch Potato highlighted how the portfolio is not fundamentally different from other balanced ones through his post: Raining on the All Seasons Portfolio.

Many of us plan for retirement, some earlier than others. However, all of us have the need to safeguard our principal or at least, draw down at a safe rate to avoid running out of money before our time ends. Boomer & Echo showed how to live happily by Protecting Your Nest Egg In Retirement.

Wise people learn from others, especially taking care to not make the mistakes others have made. The Retire Happy blog shared Messages from men in retirement for readers to learn and remember.

Shiny toys are pleasing on the eye, irrespective of whether buyer’s remorse manifests soon or not. Nonetheless, maintaining old but good quality items is testament to financial wisdom. On a related note, My Own Advisor wrote about his vehicle: Why I still drive my 15-year-old car.

There are many lessons to be learned from rich people. Evidently, working smart is essential; Sustainable Personal Finance shed more light on What the Rich Know that the Rest Don’t.

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FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 4 comments… add one }
  • Robb Engen August 7, 2015, 10:03 am

    Thanks for the mention, FT. Enjoy your weekend!

  • Big Cajun Man (AW) August 7, 2015, 10:04 am

    Thanks for the inclusion this week, the Bank of Canada’s numbers seem to suggest we love borrowing to buy “things” but investing? Not so much….

  • My Own Advisor August 7, 2015, 11:18 am

    Thanks for the mention FT, always appreciate your shoutouts!

    Have a great weekend,
    Mark

  • SustainablePF September 7, 2015, 10:21 pm

    Appreciate the inclusion FT!

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