Can The Bank Take Your House Even If You Pay Your Mortgage?
It’s every home-owner’s worst nightmare. Already drowning in debt, and with a rampaging cost of living crisis causing many families to barely be able to make ends meet, they get a notice from their mortgage company that says something to the effect of: You have 30 days to pay back your entire mortgage balance in full, or we’re taking your house. Have a great day! Sound like a bad dream? Like something that would never happen here in Canada? Well, I got bad news for you: There are early signs of rough times ahead in the GTA real estate market, […]
Let’s Go Exploring! Zagreb, Croatia: Quirky Museums and Eye-Opening History
Most travellers use the capital city of Croatia, Zagreb as a stop-over on the way to more exciting destinations like Split, Dubrovnik, Hvar or Plitzvice. But that’s a mistake, because even though it’s not as popular as cities along the Dalmation coast made famous by Game of Thrones, it wins for its quirkiness, history, large variety of food and craft beer. Plus, the cost of living in Zagreb is only a 3rd compared to the tourist-mobbed places. In Dubrovnik, you’ll be paying through the nose. In Zagreb, you simply live like a local. I also enjoyed the quirkiness of Zagreb. […]
Reader Case: How do I Squeeze More Income From my Portfolio?
When most people think about early retirement, they picture themselves flipping off their boss at work, strolling out the door, and retiring to a life of full-time leisure or travel, and there’s nothing wrong with that. That’s the narrative that most of the FIRE bloggers (including us) depict. However, that’s just one flavour of FIRE that may not be for everyone. Over the years, FIRE has grown from a loose collection of bloggers into a global movement, and with it more and more voices have been added to the conversation (which is great), and more and more variants of FIRE […]
Our 2022 Expenses
Early retirement isn’t all sunshine and rainbows, especially when you have to deal with what I like to call “The 4 Horsemen of Early Retirement.” Specifically, running out money, losing your identity, losing your friends, and dealing with inflation. Because we’ve lived through multiple market downturns in the past 8 years of retirement and built a solid recession-proof portfolio, I wasn’t afraid of the first horsemen. And we managed to slay the 2nd and 3rd, by building whole new author identities, and an amazing community through Chautauqua and the digital nomads. But this past year, the 4th horsemen reared its […]
Our 2022 Portfolio
Happy 2023, everyone! While I have no idea what 2023 will bring, it would be pretty hard for it to match last year’s casserole of crazy. Inflation, war, spiking gas prices, and the fastest interest rate increase in history made last year a true head-spinner. Personally, I’m rooting for 2023 to herald in that goddamned “Roaring 20’s” we were promised when the pandemic ended. Well, as you know, we here at Millennial Revolution know how to party. So of course FIRECracker and I spent New Year’s Eve knee deep in spreadsheets so we could write this post. So without further […]