Lord Stanley's Pride

My Hope is to Retire before the Leafs win the Cup

This week a great deal of kerfuffle was kicked up when a couple of 30 year olds claim they have retired, and were telling folks how they did it (some folks say boastfully). While I know folks who have retired in their 30’s (only to go back to work, because they were a little bored, and also decided they might nee a little more money), the idea of “retiring” at 30 seems to be the new Nirvana for millennial folk. Given this generation is going to live longer than my generation, what the heck are they going to do while “retired” ? Even Garth Turner kicked in his 10 cents worth on the topic, and Preet discussed this with the morning crew at Global too (see the Tweet of the week for that one). If you manage to retire young, on the back of your parents’ assets then pish-posh on you, but if you earn it, through the sweat of your own brow, then good on you! Most folks who will bash folks like this are mostly bitter narrow-minded financial bloggers (no wait, that is me), jealousy is never a good reason to mock other folks achievements.

I was sad to see the passing of Mauril Belanger (MP with ALS). ALS is a frightening disorder (not that any lethal disorder is better or worse), let us hope the work he did, gets us closer to a way to treat this destructive disorder.

The Olympics are over this weekend, and I am sad to see them go. They are always entertaining (if not also incredibly frustrating) to watch, I think Rio did OK, let us hope that we don’t get any horror stories of the aftermath. The Paralympics start in a few weeks as well. Congratulations to the Canadian Ladies, showing that “Playing Like a Girl” is a good thing!

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My Writings for Week Ending August 19th

As I get older I keep forgetting about helpful technology, especially in the world of banking, and my article, Old Financial Technology Habits Die Hard outlines how I forgot about photo cheque cashing as a technology (shame on me, I am not a Luddite).

I am attempting to work on my article backlog, and I found one I started a while ago based on a BuzzFeed post that I saw. Little Known Secrets of Financial Planning, is no great epiphany, in fact I get downright sarcastic.

Preet on Early Retirement

Preet is on TV a lot these days, it seems. I have been told I have a face for Radio.

No More Half Measures (financially)

The first time I met Kerry from Squawkfox, I liked her. Her writing style, her confidence while presenting (on TV!) and her social media savvy always impressed me, that is why it is very important for you to read her article, Is depression a good thing? Maybe. Maybe not.Kerry’s brutal honesty staggered me, but it also taught me about the “dark world” a lot of my friends and acquaintances sometimes live in. Let’s keep the dialog going about Mental Health, it is important.

I hope Mark from the Blunt Bean Counter is enjoying his summer break, but he continues to publish some of his best articles this week with The Best of The Blunt Bean Counter – Personal Use Property – Taxable even if the Picasso Walks Out the Door, what do you mean I pay tax on something that I don’t have any more? Insurance might help that problem, and speaking of insurance our friends at LSM Insurance brings us 8 Most Common Reasons Your Life Insurance Application Will Be Declined.


It is wedding season, and Barry from Money We Have gives us 5 Money Problems in Marriage to Avoid. Never good to start a relationship with conflicting financial philosophies. If you are looking for financial philosophies read the Millionaire Next Door, and Mark from My Own Advisor brings us Millionaire Next Door Principles – On Any Salary, an interesting interpolation of some of the ideas from the book. Speaking of return, Mark from 2nd Career Search tells us, Why Low Inflation Is Better than Return (Just a Bit).

Frugal Trader brings us a reader question that all of us would like to ask, Reader Mail: I have $1M+ Net Worth – What’s Next? What about Mortgages? Robb from Boomer and Echo gives us his essay, Why I Chose A 2-Year Fixed Rate Mortgage.


2016 Random Thoughts

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{ 3 comments }

{ 3 comments… add one }
  • Money Beagle August 19, 2016, 12:36 PM

    LMAO at the obnoxious 30 year old retiree section. So so true!

    Reply
  • Jeff August 19, 2016, 11:26 AM

    I think that it’s great that this couple managed to save enough to live a life of leisure but I find the conclusion that all they had to do was not buy a house faulty. They’re a couple who went to school and both became engineers and managed to continue living on a student budget for a decade after they started working $150k/year jobs. They’ve forgone putting down roots in a location and it seems they’ve forgone having children to travel on their dividends which despite having $1M in the bank aren’t huge money.

    They should be commended for incredible financial discipline but the idea that all they did was forgo buying a house is disingenuous.

    Reply
    • bigcajunman August 19, 2016, 1:26 PM

      I am not sure it is disingenuous, my guess is they decided that a house was not going to be that important (given they planned on retiring early, so having a house as a boat anchor would be a hindrance to their plans). Being able to focus on debt payment, and then savings instead of having to worry about a house downpayment (and the associated furniture purchases, utilities, land taxes, etc.,) does make it simpler to “retire”, but as I said, I don’t think they are retired, they are taking a break for now.

      Reply

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