Wealth Hacks on FIRE
Financial Independence Retire Early
de Russell Roy
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Acerca del libro
There is no downside to making FIRE your financial goal. Save and invest; become financially independent. Be in a position to retire early; or work longer because you want to. FIRE to live your life on your own terms.
The main strategies to fire are to build wealth as quickly and efficiently as possible. This book provides strategies to make that happen.
Try working your retirement income backwards and allocate your investments accordingly. Imagine that most of your income will come from your TFSA (100 percent tax free) and eligible dividends from a non registered account (basically tax free in every province up to about $50,000). Invest just enough in your RRSP so that you can deregister around $20,000 per year (to mirror the Federal/Provincial personal exemptions) between the year you retire and age 65 as a bridge until you collect CPP and OAS. You will pay basically no income tax and maybe get a chance to retire younger having more personal income because of the lower tax burden. We used this strategy and retired more than 8 years ago while still in our 40s. It absolutely works.
Proudly written by a Canadian for Canadians.
Características y detalles
- Categoría principal: Negocios y economía
- Categorías adicionales Canadá, Inspiración
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Características: 15×23 cm
N.º de páginas: 156 -
ISBN
- Tapa blanda: 9781777237240
- Fecha de publicación: oct. 02, 2024
- Idioma English
- Palabras clave Finance. Investing, Retire Early, Wealth Hacks
Acerca del creador
I spent 25 years working as a professional engineer. Over that time, my wife and I saved and invested our money until we amassed enough wealth to become financially independent and retired in our 40s. I have written three books on personal finance. The common topic is early retirement. Each book is written for a different demographic. My most recent book, Wealth Hacks on FIRE (Financial Independence Retire Early) is geared towards people aged 30 to 50 who are in the workforce and desire to become financially independent so they can choose to retire early on their own terms. My book contains many non-mainstream approaches to FIRE. After all, the will to FIRE is non-mainstream so people with the desire to FIRE are already dissatisfied with traditional investment thinking, structure and timelines. I am confident that if you employ the tools presented in this book, you will find yourself in a much better financial position. My books are also available on my website arrivedeh.com