Rent

Sean Cooper Guest Post: How I Paid Off My Mortgage In Just 3 years

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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
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In the spirit of  respecting opposing opinions and spot-lighting people who made it by buying real-estate, I’d like to present to you, fellow Torontonian and expert hustler, Sean Cooper. Sean first caught the attention of the media, by paying off his $255,000 mortgage in just 3 years by working 3 jobs and living frugally. Now he’s hard at work on his book “Burn Your Mortgage: The Simple, Powerful Path to Financial Freedom”, coming to bookstore near you on March 1, 2017. Take it away, Sean! I rant non-stop about the unaffordability of housing in Toronto, but in your case, you […]

Financial Samurai Guest Post: Owning A Million Dollar Property Isn’t What Made Me Rich

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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
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It’s no secret that we have opinions about housing. You know, completely unbiased ones about how owning is stupid, how you should always rent instead of own, and how we got here by NOT buying a house? But today, we’re going to do a surprising reversal, and spot light someone advocates BUYING property. For those of you who don’t know Financial Samurai, he retired from the corporate world by cleverly engineering his own layoff and building a passive income stream of $70-80K/year. Sam is one of the biggest hustlers I know, because not only did he survive 13 gruelling years of working on Wall Street, he […]

Reader Case: Should I Rent Out the Condo or Sell it?

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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
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Since it’s been FAR too long since I ranted about housing (aka 3 whole days), I’m going to break that dry spell with a case study from a reader in Montreal (post has been edited for brevity):   “I have been in the housing market for nearly a decade, moved from Edmonton to Montreal, and owned property in both cities. My employer recently threw down the gauntlet and said “hey, we need your skills at the mothership – please move to Toronto.” I am likely to move because the opportunity is interesting, and I am in the process of negotiating […]

Buy Your Freedom; Rent the Rest

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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
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This week, we are doing a guest post with….the one, the only, “Godfather of the FI movement”…Jim. L. Collins! As you know, I’ve been obsessed with Jim’s blog and this whole notion of “F-U Money” ever since we first came across the concept of FI. So when The Godfather of FI himself reached out to us and ask us to guest post on his blog, of COURSE we had to do it. So here it is… Buy Your Freedom; Rent the Rest What’s the most dangerous thing on the road? A drag racer? A hummvee? An 18-wheel tractor-trailer? Nope, nope and nope. The […]

Reader Case: Buy Or Rent in Saskatoon?

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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
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Following our last reader case from Edmonton, I got this little gem in my inbox: “My husband and I are 40 and have a 2 year old. We move often due to work. We are both employed with a combined salary of $200K. We have previously owned homes in Ontario and Alberta and have made profit on each. However now we live in Saskatoon, SK where the economy has slowed due to oil crash. It is hard to get statistics but my sense is that employment is still high but the oil money is gone. There is still money here […]

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