In this Morningstar market brief, it is revealed that the average self-directed Vanguard investor (7 million accounts!) held an asset allocation of 65% stocks, 24% cash, and 10% bonds. That’s a lot more cash than I expected as well. Then this WSJ article comes up, Wealth Management Has a $3 Trillion Problem: Investors Are Keeping Too Much Cash (gift article). A self-directed investor and former pilot is profiled that keeps 85% in stocks and 15% […]

Have you considered setting up income-producing assets to boost your earnings? Here’s a list of ideas that you can try. Many turn to income-producing assets since our options to earn are limited. It is fortunate if you prefer to have a financial safety net, running a business or two while maintaining a day job. But, if you’re not, do not worry. Income-producing assets can sound like a complicated mouthful of words, but it’s basically assets […]

All retirees and near retirees need to run the numbers. They need to create an optimized retirement cash flow plan. A cash flow plan will show you the optimal time to take CPP and OAS, and then how to create income from your RRSP/ RRIF/LIFs, TFSAs, Taxable accounts, pensions and other sources of income. You’ll discover the most durable and tax-efficient approach for your retirement. A successful retirement cash flow plan often ‘finds’ tens to […]

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    Gift cards can be great gifts, but only when they’re for stores or restaurants you actually use. We’ve probably all received a gift card that ended up sitting in a drawer because we had no plans to use it. Instead of letting an unwanted gift card collect dust, you may be able to…

If you’ve searched some version of “does passive income actually exist,” you’re not being naive. You’re being appropriately skeptical. Someone I had just met said it more bluntly at a friend’s house recently. He told me flat out he didn’t believe passive income exists. His reasoning: “It’s a fantasy. The idea that you can do nothing and get paid.” He’s not wrong about the thing he’s describing. He’s just describing the wrong thing. This distinction […]

Every month since 2017, I have written an article that shows the growth of our passive income. Over the last couple of years, I’ve added some of my annual goals (New Year’s Resolutions). This is usually where I add some personal stuff. My wife was on work travel for two weeks, so my time was focused on being able to get the kids to camps, karate, etc. while managing the busiest month of dog boarding […]

Over the last 15+ years, credit card rewards have earned my wife and I thousands of dollars in free money — in the form of cash, gift cards, and travel — just for buying the stuff we would have bought anyway. It’s not hard. We just put as much of our spending as possible on credit cards, and strategically sign up for new ones with attractive bonus offers. And because we pay our balance in […]