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How to Outperform Investment Managers
How to outperform Investment Managers at their own jobs I used to think that investing success depended on how much research I did on the companies I invested in. The more I knew about the company, the more prepared I’d be when making that investment. I can run financial models to determine if stocks were…
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How We Saved Over $10,000 in Mortgage Interest Before We Bought Our House
Amanda has been banking with TD literally from the time she was born. She has never banked with any other bank. So when the time came to get a pre-approval on our mortgage to begin putting offers on homes, she was adamant about us going to TD to get it done. She liked having everything…
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Why We Think it’s Possible to Have $2 Million at Age 40
When we say we need $2 million, we really are saying we need to have a net worth of $2 million (total assets minus all liabilities) by the time we turn 40. So at the time of retirement, we can convert all our net assets to an investment portfolio that generates income and growth that…
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Why We Avoided Mortgage Life Insurance on our $520k Mortgage
When we signed up to take on a $520,000 mortgage as two 24 year olds, we had wondered whether we should purchase mortgage life insurance which would help us pay off the mortgage balance should either of us have to leave this world. The mortgage rep really wanted us to get it. It seemed like…
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How Much Money Do We Need to Retire by 40?
When Amanda and I talked about retiring in our 40’s, we didn’t know exactly how much we needed. A good starting point that we used was to look at how much we spent right now and assume that we’ll need this same amount (with inflation) for the rest of our life when we retire in…
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How We Got Over $9000 in Tax Refunds with the RRSP Home Buyers’ Plan
Closing costs on the purchase of our house quickly ate into the down payment. We spent about 3% of the purchase price of the home on closing costs (lawyers fee, transfer taxes, and other adjustments) which totaled almost $20,000. Recognizing that these costs would eat into any emergency funds we have, prior to home searching,…