What if you wake up one day and realize you really want to retire early? Nay – you need to retire early. Your job is slowly killing you and you can’t take it much longer. Okay, that was me in 2010, but you get my drift. If you’re married, then your next step would be to announce the early retirement ...

We all know that we ought to be paying ourselves first — by building a healthy emergency fund, investing in our retirement accounts, and saving for important future purchases. However, it can feel like paying ourselves first will end up shortchanging our other financial obligations. How can you pay yourself first when you barely have enough money to make it ...

Welcome to The MapleMoney Show, the podcast that helps Canadians improve their personal finances to create lasting financial freedom. I’m your host, Tom Drake, the founder of MapleMoney, where I’ve been writing about all things related to personal finance since 2009. Most investors see bonds as a safe place to put their money, but according to my guest this week, ...

As a whole, American real estate is some of the cheapest developed country real estate in the world. When you add on how much money you can make in America thanks to the proliferation of world-class companies, American real estate becomes an even better bargain. Below is The Economist’s real house price index. Notice how cheap the United States is ...

Most people never consider their empty space as a way to generate income. They’re missing out and overlooking a wide range of potential sources of passive income. From houses to storage areas to parking spaces, you may have something people would be happy to pay you to rent. And in doing so, they’ll cover some or all of your monthly ...

Haggling, also known as bargaining, is a form of negotiation two parties engage in when trying to come to an equitable agreement for the price of goods or services. In most parts of the world, haggling is a way of life. It’s not as popular here in the United States as it is in other countries, but that’s quickly changing. ...

Investing can be daunting. I know I didn’t invest, outside of my retirement accounts at work, because I was worried about taxes. At least that’s what I told myself. The real reason was uncertainty. That’s the toughest part about investing – am I making the right choice? Am I diversified? What does that even mean? It wasn’t about education. I ...

Real estate is a very well understood but often poorly executed way of building wealth. It only takes one episode of an HGTV house-flipping show to know that it doesn’t take a genius… but even geniuses can mess it up with bad execution. If you’re a buy and hold investor, you’re less likely to mess it up but then you ...

Pandas are pretty much awesome. They live one of the most casual lifestyles. For 14 hours of each day, they eat. They need to eat 40% of their own weight each day (12-38 kg!) and they prefer to eat golden bamboo. Chewing bamboo kind of takes a while (go ahead, give it a shot) – that’s why they need to ...

Regular readers here know that the inspiration for some of my blog posts comes from non-financial sources such as youth soccer fields and the Rolling Stones.  In that spirit the idea for this post popped into my head while waiting in line to pay for an item at a local gas station. I noticed the clerk behind the counter restocking ...

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