Early Christmas Shopping

It’s the time of the year that many of us are gearing towards the holidays. It is always one of the special months of the year, if not the most. December is the single month that we tend to spend the most in the entire year. In our homes, we…

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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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TFSA Monthly Dividend Income (October 2021)

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. Here are the TFSA contribution limits by year since its inception. 2009 – $5,000 2010 – $5,000 2011 – $5,000 2012…

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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

In 2011, two years after migrating to Canada we decided that it’s time to buy our own home. It’s not our first time to own a property having owned our home in England and luckily managed to get out of it during the 2008 housing market crash. Upon arrival in…

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How We Cut Down Our Phone Bills Down to Zero $$$$?

Communicating with our loved ones or someone these days is far easier compared  to 2 or 3 decades ago. Most of us now carry a cellular phone or a smartphone. It is now becoming a basic necessity. It is now a part of life that many of us can’t live…

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Building Passive Income from Monthly Dividend Stocks

Many passive income seekers like myself love dividend stocks. What’s not to appreciate when you get paid on a regular basis. Most commonly they pay quarterly or monthly in Canada and US however quite sparsely semi-annual and annually in other countries. Key issues with quarterly dividends or other less frequent…

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