There's so many financial acronyms around you could be a Y.A.W.N or maybe a D.I.N.K. or heaven forbid a S.I.N.B.A.D (single income no boyfriend and desperate!)
F.I.R.E - Financial Independence Retire Early is one I really like.
"FIRE is having a moment, and it’s not hard to understand the appeal. Financial independence? Sounds great! Retiring Early? Sign me up! It’s a movement that’s quickly gaining momentum, too. We spoke with four FIRE enthusiasts and asked them to share what the movement is all about, and what it takes to achieve this elusive goal of Financial Independence/Retire Early." Read more
One FIRE advocates take HERE
It is very simple in theory, reduce your expenses to the point where your income covers them and you have suffienct funds left over to save. That means downsizing, no venti lattes and a lot more sacrifices. However the joy you get from lying on a beach without a worry at 45, 55 or 60 will be well worth it.
Showing posts with label retirement dreams. Show all posts
Showing posts with label retirement dreams. Show all posts
Wednesday, December 06, 2017
Wednesday, February 22, 2017
Thursday, September 05, 2013
September This and That
New mortality study highlights risks of increasing life expectancy
TORONTO, Aug. 6, 2013 /CNW/ - "It's official -- not only are Canadians getting older, we're also living longer. Last week, the Canadian Institute of Actuaries (CIA) released a draft set of updated mortality tables, used by actuaries to measure pension plan liabilities, or the amount of money needed to pay current and future pensioners. According to the study results, which are based on a review of recent pensioner mortality rates and future life expectancy improvements anticipated by the study's authors, the life expectancy of a 60 year old male today has increased by 2.9 years (from 24.4 to 27.3 years) compared to pension mortality tables currently in use. The life expectancy of a 60 year old female has increased by 2.7 years (from 26.7 years to 29.4 years)."
The good news: Canadians are living longer.
The bad news: they don't have enough money to do so.
Well that is unless they start saving more now, putting their cash into income generating investments and pair down their spending - all doable depending upon your age. When you look at the numbers it shows we need to SAVE MORE and SPEND LESS.
Harper Briefing Note Plays Down Low Interest Rate Dangers
OTTAWA - "The prime minister's advisers have dismissed a warning by a respected think tank that ultra-low interest rates need to start rising now to avoid damage to the Canadian economy.
In a paper for the C.D. Howe Institute, economist Paul Masson argued in May that the Bank of Canada should nudge rates higher to forestall real-estate bubbles, excessive household debt, pension-fund woes and other dangers.
But a May 31 briefing note requested by Stephen Harper's office on the controversial paper notes that Masson's arguments are "at odds" with the views of most economists.
I'm particularly interested in this article about low interest rates. Though I'm more concerned about people not paying down debt during times of low interest rates.
Prime Minister Harper may be able to lead the horse to water, but in these 'handholding' times when most folks struggle to be accountable for the pickle they got themselves into, you can't make that horse drink the water.
Scroll down to the slide show that shows debt by province and then by country - that's the real gem in this article.
And what everyone's talking about
Peter Sagan wins prologue of Tour of Alberta - EDMONTON -- Pre-race favourite Peter Sagan made a little bit of history Tuesday night when he became the first man to wear the yellow jersey in the inaugural stage of the Tour of Alberta cycling race.
The Cannondale team rider took a commanding 13-second lead over his nearest competitor in the opening 7.3-kilometre time trial. Victoria's Ryder Hesjedal sits in 10th, 30 seconds back of Sagan.
"I was trying to do well here," said Sagan, a 23-year-old Slovak rider. "It's the first stage and it's important. I felt very very good."
TORONTO, Aug. 6, 2013 /CNW/ - "It's official -- not only are Canadians getting older, we're also living longer. Last week, the Canadian Institute of Actuaries (CIA) released a draft set of updated mortality tables, used by actuaries to measure pension plan liabilities, or the amount of money needed to pay current and future pensioners. According to the study results, which are based on a review of recent pensioner mortality rates and future life expectancy improvements anticipated by the study's authors, the life expectancy of a 60 year old male today has increased by 2.9 years (from 24.4 to 27.3 years) compared to pension mortality tables currently in use. The life expectancy of a 60 year old female has increased by 2.7 years (from 26.7 years to 29.4 years)."
The good news: Canadians are living longer.
The bad news: they don't have enough money to do so.
Well that is unless they start saving more now, putting their cash into income generating investments and pair down their spending - all doable depending upon your age. When you look at the numbers it shows we need to SAVE MORE and SPEND LESS.
Harper Briefing Note Plays Down Low Interest Rate Dangers
OTTAWA - "The prime minister's advisers have dismissed a warning by a respected think tank that ultra-low interest rates need to start rising now to avoid damage to the Canadian economy.
In a paper for the C.D. Howe Institute, economist Paul Masson argued in May that the Bank of Canada should nudge rates higher to forestall real-estate bubbles, excessive household debt, pension-fund woes and other dangers.
But a May 31 briefing note requested by Stephen Harper's office on the controversial paper notes that Masson's arguments are "at odds" with the views of most economists.
I'm particularly interested in this article about low interest rates. Though I'm more concerned about people not paying down debt during times of low interest rates.
Prime Minister Harper may be able to lead the horse to water, but in these 'handholding' times when most folks struggle to be accountable for the pickle they got themselves into, you can't make that horse drink the water.
Scroll down to the slide show that shows debt by province and then by country - that's the real gem in this article.
And what everyone's talking about
Peter Sagan wins prologue of Tour of Alberta - EDMONTON -- Pre-race favourite Peter Sagan made a little bit of history Tuesday night when he became the first man to wear the yellow jersey in the inaugural stage of the Tour of Alberta cycling race.
The Cannondale team rider took a commanding 13-second lead over his nearest competitor in the opening 7.3-kilometre time trial. Victoria's Ryder Hesjedal sits in 10th, 30 seconds back of Sagan.
"I was trying to do well here," said Sagan, a 23-year-old Slovak rider. "It's the first stage and it's important. I felt very very good."
Sunday, November 30, 2008
Be Optimistic
My friend Grahame posted pictures of his new 'neighbors' last night. I was a bit surprised to learn that they mainly consisted of a rag-tag group of poisonous reptiles, somehow peacefully coexisting in and out of the structures of his home.
The last time I visited Grahame was in sunny Victoria, B.C., we toured his modest house and sat on his newly built deck over looking the oriental pond that he'd built. So, the shock of reptilian neighbors made me think that the old neighborhood had really changed.
But these neighbors are a new set.
Grahame actually sold up his Island home and moved to Nicaragua a few months ago. His lifestyle change had temporarily slipped my mind, probably as I'm getting used to my new lifestyle with baby Ronan.
Moving to Nicaragua was a massive step for my friend and one that he weighed out with considerable thought. It's definitely not for everyone, but I bet its pretty liberating for those that can do it.
Grahame used a fair chunk of profits from his home sale to fund the costs of building his villa. He continues to co-operate a successful business back in Victoria, and coupled with other investments, provide him the cash flow needed to cover daily living expenses.
Although Nicaragua may not be your dream, yours may be Paris, Zimbabwe, New York or just to pay off your home's mortgage.
Grahame's story is another example of how you can use your real estate (and other investments) to seize your dreams anytime in life - you don't always have to wait for retirement, especially if you're open to mingling with new neighbors.
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Tuesday, October 28, 2008
Do You Have 10 Years To Spare?
I'm signed up with Financial Partners for their email updates, although I don't know how much stock I put in their viewpoint today's email was interesting.
The part that really hit home was the amount of time a needed to recoup losses after the ups and downs of the market recently:
"A 50% capital loss requires a 100% gain to recover monies. In order to make 100% returns an investor targeting 7% p.a. needs more than 10 continuous years of 7% p.a. returns. Or over 16 years at 4.5% p.a."
If your retirement fund is in stocks that means a minimum of 10 years to make back your nest egg. Not a pretty thought. Certainly makes hard assets with less volatility very appealing.
To read the entire report (it's long) click here
The part that really hit home was the amount of time a needed to recoup losses after the ups and downs of the market recently:
"A 50% capital loss requires a 100% gain to recover monies. In order to make 100% returns an investor targeting 7% p.a. needs more than 10 continuous years of 7% p.a. returns. Or over 16 years at 4.5% p.a."
If your retirement fund is in stocks that means a minimum of 10 years to make back your nest egg. Not a pretty thought. Certainly makes hard assets with less volatility very appealing.
To read the entire report (it's long) click here
Saturday, October 18, 2008
Are You Worried About Your Finances?
Is the Stock market giving you ulcers? Or is it time to take your money off the table and put it into a more tangible asset? Tired of the average financial options; mutual funds, land banking, bonds, etc..?
Is it time to think about planning for your children’s future? Are you saving to build a house or are you seeking better returns than what the bank or your current investments have to offer?
Would you like to invest in something hands free and safe, but still reap a decent return? Well, if you are looking to take control of your finances, put your hard earned cash into something more secure and you answered YES to any of the questions above read on…
Investing with us at GSI allows you the confidence and freedom to get into the secure and fundamentally solid, Canadian Real Estate market. This is not speculative buying. We use a proven system to purchase our properties in areas that are stable, not over inflated or emotion based. GSI partners with you. That means that you’ll be investing between 20%-35% of the property purchase price and receiving all your initial investment back plus 50% of the profits on residential investments. We think that you’ll agree that’s a pretty good deal.
Put your hard earned cash into the most effective property investment you can find. At Glenn Simon Inc., we address your needs as an investor with knowledge and experience. Prepare for your retirement, put your capital to work or turn your savings into a down payment for the dream house you want, wherever that may be.
Alberta real estate can help meet your investment needs Click Here To Find Out How
Is it time to think about planning for your children’s future? Are you saving to build a house or are you seeking better returns than what the bank or your current investments have to offer?
Would you like to invest in something hands free and safe, but still reap a decent return? Well, if you are looking to take control of your finances, put your hard earned cash into something more secure and you answered YES to any of the questions above read on…
Investing with us at GSI allows you the confidence and freedom to get into the secure and fundamentally solid, Canadian Real Estate market. This is not speculative buying. We use a proven system to purchase our properties in areas that are stable, not over inflated or emotion based. GSI partners with you. That means that you’ll be investing between 20%-35% of the property purchase price and receiving all your initial investment back plus 50% of the profits on residential investments. We think that you’ll agree that’s a pretty good deal.
Put your hard earned cash into the most effective property investment you can find. At Glenn Simon Inc., we address your needs as an investor with knowledge and experience. Prepare for your retirement, put your capital to work or turn your savings into a down payment for the dream house you want, wherever that may be.
Alberta real estate can help meet your investment needs Click Here To Find Out How
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