Rent

The “Keep Your Rent” Movement: Are The Rent Strikers Freeloaders?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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As the conoravirus cases mount around the globe, world governments have struggled to manage not only their health care systems, but also the ballooning economic cost. The US government recently passed an historic $2 Trillion stimulus bill, and the Canadian government passed their version as well. But some have responded that the measures in those rescue bills still aren’t enough, and have decided to take matters into their own hands. Allow me to introduce you to the “Keep Your Rent” movement. What is the “Keep Your Rent” Movement What was started by a local tenant’s advocacy group in an obscure […]

Guest Interview with Craig, Author and House Hacker Extraordinaire

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FIRECracker is a world-travelling early 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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Long-time readers of this blog (thank you!) know that we retired at 31 to travel the world by doing the exact opposite of what our parents have been preaching—not buying a house. Given that the average single-family home cost over a million dollars in Toronto, instead of getting into massive amounts of debt, we rented. With all the money we saved from not owning a home, we shoved it all into the stock market, built a diversified portfolio and the rest, as they say, is history. The only real-estate we own are REITs (Real-Estate Investment Trusts), which lets us earn […]

Broke Ass Morons

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FIRECracker is a world-travelling early 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.
FIRECracker
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On Friday’s round-up, we featured the inspiring stories of people who have written in, been featured on this blog in a Reader Case, and have actually followed that advice in real life. As a result, they are now kicking ass, taking names, and regularly coming to the end of every month wondering where all this extra money they’ve saved came from. So as a contrast to that, I thought it would be interesting to look at the stories of people who managed to do the exact opposite. In a segment I’d like to call: Broke Ass Morons. These days, travelling […]

The Hard Landing: Toronto Home Prices Plummet

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FIRECracker is a world-travelling early 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.
FIRECracker
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So saw this scary headline the other day. Toronto’s housing market is tanking, Business Insider. Now, as much as people think I’m jumping up and down at the demise of our housing market, let me make one thing clear: I do NOT want a US-style housing crash in Canada. The US housing crash was a cataclysmic black swan event that brought down financial institutions, cratered the stock market, and brought about a global economic recession that lasted for years. I keenly remember what it was like living through that, watching our investments plummet while at the same time fearing a job […]

Contagion

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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Another week, another check mark in the game of Canada’s slow-motion housing crash bingo. Let’s recap the sequence of events that led up to the US housing crash and let’s see how many of them we’ve hit so far. Step 1: Households Take on Massive Mortgage Debt This is the first step of any housing crash where average families take on stupid amounts of debt, borrowing excessively under the assumption that any amount of debt is OK because housing always goes up. Right before the American housing market collapsed, Americans borrowed 147% of their household disposable income. And in Canada? […]

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