Welcome to the FindependenceCanada May 2020 Net Worth Update. This is where we track our monthly updates on our quest to a One Million dollar net worth and beyond. We have worked diligently over the last few years to go from having a negative net worth to the position we are in here today, and we hope that […]
Continue ReadingWhy we still believe in dividend investing – despite the recent cuts
Greetings to everyone out there, we hope you’re all doing great today. Now that we are well on our way through May and hopefully have the worst of the current global situation behind us we’d like to take a look at how this market downturn and economic halt has affected our investment strategy if at […]
Continue ReadingWhy the mountain of cash?!
We’ve been mentioning for quite some time now that we were looking to increase our cash position. For several months now there has been an itch to ultimately get up to a six figure cash position, which will obviously take some time. The purpose of today’s post is to go over some of the reasons […]
Continue ReadingPassive Income Report – April 2020
Throughout these updates we will go over the previous month’s dividend income, as well as our rolling 12 month projected dividend income and our progress towards our goal of having $50,000 in annual passive income. (More on our goals and the tax advantages of Canadian dividends in future posts). For reference, I received my first ever dividend […]
Continue ReadingOur 7 Streams of Passive Income
It’s become a very common theme in the F.I.R.E. community to discuss multiple streams of income. Many believe that you simply must make income while you sleep or you will work forever and never be able to unlock an early retirement or even just a life free of stress related to your personal finances. So […]
Continue ReadingOil and the effect on our F.I.R.E.
Greetings everyone, so as some of you have heard there is a bit of a crisis going on in the market for oil at the moment. This isn’t just being contained to one country either, it’s been hitting the entirety of the global oil market. I won’t bother stating an oil price right now as […]
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