16 Habits That Helped Me Retire Wealthy
This post was written by long time reader Robert Britton as part of our retirement series. Today is Robert’s last day of work – congratulations! Life feels long. This article gives a very brief synopsis of most of mine; and then lists a few habits that helped me along the way. I’ve never understood why…
Read MoreDividend Investing – Getting Started
Regular readers of Boomer and Echo know we are very enthusiastic about dividend investing. This strategy falls out of favour from time to time. Large dividend paying companies are generally slow growing – you need to hold them for the long term. “Buy and hold” strategies also fall out of favour in periods of good…
Read MoreWhere To Invest For Short Term Financial Goals
Interest rates on savings accounts and GICs are abysmal these days, so it can be tempting to plow all your hard earned savings into the stock market for a chance to juice your returns. But how you save and invest depends a lot on your time horizon – when will you need the money? No…
Read MoreWhy Travel Agencies Aren’t Dead Yet
Online travel agencies have been chipping away at brick and mortar agents for over a decade. Sites like Expedia, Orbitz, Priceline, Kayak and any number of other competitors have been able to cut out the middleman from buying travel related products and services. Related: 3 Ways To Save On Your Next Family Vacation In the…
Read More30 Signs You Grew Up In A Frugal Family
Did you grow up in a frugal family? Not necessarily poor, but able to stretch a dollar until it cried for mercy? People who were raised by frugal parents can spot each other a mile away. I’ve compiled a list of some of the quirky habits and experiences I grew up with – and some…
Read MoreCelebrating Three Years Of Boomer & Echo
It was just over three years ago that my mom and I started putting together a collection of articles that would mark the beginning of Boomer & Echo. We didn’t have a clue about blogging or running a website (and still don’t!), but we pressed on and have written over 650 articles to date. We…
Read MoreLifetime Pension Vs. Commuted Value
Can I tell you a story? It’s a true one, and – unfortunately – it’s happened more than once. Way more than once. It may even be your story. Here goes: Sam is leaving his job, and with it his defined benefit plan. He gets a small sheaf of paper from his company, asking him…
Read MoreHow Many Rules Of Money Do You Need?
It seems everywhere I turn I see books and articles about the rules of money: Money magazine has the “20 rules of money” Forbes magazine has the “new 20 rules of money” Both articles are more about how to invest rather than general money management information, however, and they often contradict each other, so they…
Read MoreMy TD e-Series RESP Portfolio
One of the first things we did after our kids were born was open an RESP account. We set-up a family plan, rather than a single beneficiary plan, and have contributed $200 per month for the past few years. We just put money into a GIC for the first year. The account was easy to…
Read MoreOnline Gambling – Making It Easy To Lose Money
The Casino, a classic movie setting that just about everyone should be familiar with. I’ve been to my fair share where I’ve parted with a maximum of $100 in my entire life. These windowless, dimly lit caverns of excess no longer have a monopoly on the gambling industry, as online gambling is getting bigger and…
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