By now, you are well aware that I detest complexity in most areas of life. I am beginning to declutter my financial life as well. The release of the Vanguard All-In-One Funds in January 2018 have been a game changer. VGRO is the one I currently own. I have decided to follow the simplest strategy of all. Buy VGRO in the TFSA each January. With no RMD requirement, a TFSA should be the longest of long-term investments. I love the pure simplicity of a financial…Continue Reading “The One Fund Solution”

Money is such an emotionally charged subject. There are those who are passionate about it and those who cower in fear of it. It is so important to people that many can not discuss it without arguing. The range of “how much is enough” money is vast. My Enough I had enough when I was 36 years old. I had a networth of about 1.5 million or so. Our family living expenses were about 30K a year. Based on my new found FI lingo, that…Continue Reading “The Point Of Money”

Many of us in the physician FI blogs have children. In fact, many of the guys have 3 or 4 children. You guys are very fortunate by the way. I wanted more children but got seven miscarriages instead. So although your lives feel crazy busy at times, be grateful for your blessings. In any case, it appears that many families are concerned about wealth dissipation within one or two generations. In fact, the statistics I have read state that 70% is lost in the second…Continue Reading “Responsible Living Inheritance”

My dear husband has been wanting to buy a kayak recently. This got me thinking about this post. We think marriage resembles a rowboat. And it is much easier to row a boat with two people versus one. We know of marriages where one partner is frantically bailing while the other one is busy poking holes in the rowboat. We also know of scenarios where each partner is sitting at opposite ends and rowing in the opposite direction and no one is going anywhere fast….Continue Reading “Life In The Rowboat”

The Financial Plan 2018 Corporate Accounts The passive income of 50,000/ year and then you lose the Small Business Deduction(SBD) has begun. And then you get to pay more tax. Plan Do not risk my cash into the market until it is worth my while. Like go on sale already Mr. Market. In all seriousness, I am dollar cost averaging the yearly amount but I will not lump sum my prior years’ cash we had held to buy an apartment building. We will take our…Continue Reading “Financial Planning 2018”

Assets 2018Q2 2018Q1 Change % Change Notes RE 1- Home 3,030,000 3,030,000 0 0.0% 1 RE 2 852,450 852,450 0 0.0% 1 RE 3- Office 448000 448000 0 0.0% 1 Corporate Accounts 3757713 3653578 104135 2.9% 2 RRSP 520305 516799 3506 0.7% TFSA 120101 120101 0 0.0% Personal Accounts 306177 233156 73021 31.3% 3 Commodities 44289 45800 -1511 -3.3% Networth 9,079,035 8,899,884 179,151 2.0% Asset Allocation % Networth % AUM % Notes Equities 3.7 6.5 4 Fixed Income/ Cash 48.1 84.1 5 RE 47.7 8.6…Continue Reading “2018Q2 Update”

I am almost 50 years old this year. I have two children who are early on in their university education. I have noticed a slight discomfort recently that I did not see coming until I started to experience it. It is this realization that my children might not do as well financially as we have. It really began when I ran the numbers on my son’s possible path to FI. He might be coming out and earning 50K a year. That would be a pittance…Continue Reading “A Wrinkle In Physician FI”

I started this blog at the beginning of the year. Why start a blog? I bought a Bluehost plan impulsively wanting to help out a website I enjoyed reading. I also enjoy writing. I write regularly similar to exercising regularly. It is simply about the rhythm and routines that I enjoy developing. Perhaps some of you started a website to make money. Good for your insight. This blog thing is fun but I for one will not make any money from it. I had more…Continue Reading “Why Start A Blog?”

There is a difference between living below your means and frugality. My definition of living below your means allows one to buy whatever they want as long as it is easily affordable. That is why it is very difficult to dogmatically state that buying such and such is bad and living a certain way is wrong. The fact remains that those who are able to earn more CAN simply live higher up on the scale. Someone can own the most expensive home in your city…Continue Reading “Living Within Your Means versus Frugality”

People rarely appreciate the acres of diamonds in their lives. Off peak lifestyle is one such example. Everyone dreams about international travel. But then there is the endless planning and running around putting out fires at work and at home just to allow yourself that time away. Many mothers I talk to just cringe at all they have to organize for EVERYONE that it really isn’t even vacation for them. Staycation is a term that has been used a lot recently. But many times I…Continue Reading “Off Peak Lifestyle”