RRSP VS TFSA
The difference between RRSPs and TFSAs, which are two types of Canadian Registered Accounts for holding savings and investment assets, is a subject that is both simple and complex. The reality is that lots of important factors must be considered when it is time to decide which medium to use over the other depending on […]
Establish a Realistic Budget by Tracking your Expenses
When you establish a realistic budget, you increase your control over your finances and your ability to reach any financial objective. Whether it be to reach financial independence like us, get rid of debt or to save for a specific expense like a trip, down payment or other, your budget will help you determine how […]
The Modest Millionaires 2025 Plan
Our 2025 plan is a 10 year plan in order to achieve our financial independence. There are two important parts to this plan: Maintain low and predictable spending. Increase our investments in order to achieve a total invested amount allowing us to cover our expenses with a 4% withdrawal rate. To view a short summary […]
About Me
Hi! My name is Mel, and I’m the blogger and creator of Modest Millionaires. I’m from the province of Quebec, and my blog is available both in French and English. I’ve always been naturally drawn to finances. In fact, when choosing my college major I was debating between studying international development or business. Those two […]
