My favourite posts (written by other bloggers) about finances, early retirement and financial freedom. I have these book-marked to inspire me.

Mr. Money Moustache

From Zero to Hero in One Blog Post

The Shockingly Simple Math Behind Early Retirement

How much do I need for retirement?

MMM’s 2013 annual spending (~$25,000, they are mortgage-free)

Canadian Investing with Mr. Frugal Toque

Why is it so hard to downshift?

How to make money in the stock market (index funds)

Teaching children about money

Case studies

Freedom with Bruno

Bruno’s Path to Financial Freedom

Root of Good

Early Retirement at 33: An Overview

Zero to Millionaire in Ten Years

Their family’s 2016 budget ($40,000 for a family of 5)

How they save money on groceries

One month of groceries ($555 – they live in the US)

Go Curry Cracker

Journey to Early Retirement: Episode 4

Journey to Early Retirement: Episode 3

Journey to Early Retirement: Episode 2

Clawing Out of Debt

Jim Collins

Guest blog post on MMM: Financial Independence 23 years later

A simple path to wealth

What Jim owns and why he owns it

Canadian Couch Potato

Couch potato FAQs

Model Canadian Couch Potato portfolios

Why Rebalance your Portfolio?

How to lower your rebalancing costs

Mom and Dad Money

Two ways to make investing less risky (asset allocation and diversification)

  • A good rule of thumb is to expect that in any given year you could lose half of whatever money you have in the stock market. Your risk tolerance will affect your asset allocation.
  • Good advice from Matt about asset allocation: “I would simply encourage you to pick an asset allocation that feels right to you for now, put it in place, and stick with it through at least one big market crash. After that you can re-evaluate how you feel about the level of risk you’ve taken on and re-adjust if you need to.”

Matt’s personal investment plan (70% stocks, 30% bonds)

Can I retire yet?

Three best free retirement calculators here.

For Canadians, how much CPP and OAS can you expect to receive when you retire?

Maximum benefit – $ 19,950.24 (in 2016). This amount will be reduced if you have other sources of income, and it depends on how much you have contributed to CPP – Source

Government of Canada website – The average monthly pension is $500 per month

Difference between CPP and OAS here.

Miscellaneous
Investing Calculator – how much do you need to invest in order to retire by a certain number of years?

Average net worth of Canadians

Average net worth of Canadians in 2014 – Money Sense

Median and average net worth

Average net worth of Canadians in 2005 – Stats Canada

Average net worth of Canadians in 2012 – Stats Canada

Average household expenses in Canada

(In 2013, the average Canadian household spent $58,592, not including income taxes, charitable contributions or RRSP contributions)

Are Canadians saving enough?

Planning for Retirement. Are Canadians saving enough? They recommend saving at least 15% of your gross earnings. They recommend that 2/3’s of Canadians aren’t saving enough.

Identifying your money archtype

According to the book, “Money Magic: Unleashing Your Potential for True Prosperity” by Deborah Price, there are 8 money “archetypes”, you can read about the 8 archetypes here and take a quiz to find out about your archetypes here.

 

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