TFSA Monthly Dividend Income (May 2022)

Our annual goal is to maximize the contribution limits of our TFSA beginning of each year. We aim to contribute the maximum allowable limit every first week of January which is $6,000 for 2022. Here are the TFSA contribution limits by year since its inception. 2009 – $5,000 2010 –…

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TFSA Monthly Dividend Income (April 2022)

Our annual goal is to maximize the contribution limits of our TFSA beginning of each year. We aim to contribute the maximum allowable limit every first week of January which is $6,000 for 2022. Here are the TFSA contribution limits by year since its inception. 2009 – $5,000 2010 –…

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TFSA Monthly Dividend Income (March 2022)

Our annual goal is to maximize the contribution limits of our TFSA beginning of each year. We aim to contribute the maximum allowable limit every first week of January which is $6,000 for 2022. Here are the TFSA contribution limits by year since its inception. 2009 – $5,000 2010 –…

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Should I Pay Off My Mortgage Early?

A question I hear a lot from many homeowners is, “Should I pay off my mortgage sooner?”. Unfortunately, there are no straightforward answers. Ultimately, It all comes down to your personality, risk tolerance, and personal goals. Reasons for paying it sooner If debt and financial obligations cause a lot of…

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Living Less is More

A year ago, the excitement of having our own home again was very noticeable as soon as we went past the hump of all the paperwork and documents. Obviously, we can’t wait and are so keen to get the house keys from our realtor. Thus, we booked ourselves a ferry…

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Make Money Simply by Using Credit Cards

I used to think that credit cards are sources of financial trouble and will drown you in debt if you are not financially literate.  In fact, that was very true at the beginning when unknowingly I accepted and applied for every credit card the banks offered me. What makes matters…

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Invest in Real Estate or the Stock Market

Many of my friends, colleagues, and family asked me and encountered this discussion many times in personal finance forums: Which investment is better: Real Estate or the Stock market? Allow me to address the key differences between the two and will try to be objective as much as I can….

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Buying Our Home with No Money Down

This Covid-19 global pandemic has spoiled a lot of people’s long term goals. While I was ready to go on a semi-retirement stint and do more traveling yet remain working part time or in a casual position – the world has come to a standstill.  Prior to this pandemic, we…

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Biggest Mistakes in Buying our Home

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Generate Multiple Sources of Income

Active income or working as an employee is probably the easiest way to earn a living. Employers pay us either weekly, bi-weekly, twice a month or monthly. Additionally, there are great benefits one can receive as an employee depending on our employer such as overtime pay, paid vacation, sick leave,…

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