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#13 – FI Garage Approved Drinks
In this episode, the Mechanic, the Accountant, and the Economist discuss a listener’s email and ponder some FI approved drinks. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.
*These show notes include referral or affiliate links – donated by an asterisk. Thanks for helping to support the podcast!
Beer #1 – Radler made with Lucky Lager [1:30]
Lucky Lager WAS brewed in Victoria until 1982
Useful Financial Product [5:05]
Koho (Visa)0.5 percent cashback Our referral code is OXQM6GDT*The signup bonus is an additional 1 percent cash back for your first 90 days – not much of a deal.Stack (Mastercard)special offersOur referral link is here*You get $20 for signing up – not bad! – and we get $5. Pre-loaded credit cardsNot a credit builderScotia SCENE debit card [6:57]Segregating spending [8:50]New Reading: 4 reasons to get a prepaid card and 5 reasons not to by from creditcardgenius.ca: Prepaid Visa Or Prepaid Mastercard ‒ Which Option Is Better?
Non-Registered Accounts [9:40]
Shout out to Trevor for suggesting our topic [9:30 & 10:20]Disclaimer! [10:00]You’ve maxed out your registered accounts, now what? [11:20]Interest-bearing investments are the least efficient form of investment income to earn in a taxable account [11:35] Interest-bearing investments and foreign equities should go into tax-advantaged accounts.Canadian Equities and Canadian ETFs are the best investments to hold in non-registered accounts [12:48]Is paying off your mortgage a good use of your dollars when registered accounts are full? [13:20]Start executing a Smith maneuver [14:07]Maple Money’s Make Your Mortgage Tax Deductible With the Smith Manoeuvre, with Robinson Smith Smith maneuver web siteExplore FI Canada’s Megan from Victoria, BC | Using the Smith Manoeuvre to Achieve FIRESPs [15:30]Look at your portfolio as a whole [16:45]Consider talking to a financial planner or tax professional [18:00]Consider a real estate investment [20:35]Gold or other Alternative Investments [22:35]Canadian dividend-paying stocks [24:00]Joint-Accounts [28:28]
Beer #2 – The Money Mechanic’s FI Garage Dry-Hopped Ale [26:00]
FI Garage Approved Drinks [30:05]
Water [30:18]Homebrew [30:45]about $2 per LitreHomemade Apple Cider [33:30]$1 per LitreMix your own Hi-Balls [36:40]$1 per DrinkUn-approved: Premixed Drinks [36:57]Make your own Wine [38:00]$3 per bottleU-brew Facilities [39:00]Quit Drinking [40:27]
Reading List
The Greater Fool’s The Other One [28:37]
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By FI Garage
5
11 ratings
In this episode, the Mechanic, the Accountant, and the Economist discuss a listener’s email and ponder some FI approved drinks. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.
*These show notes include referral or affiliate links – donated by an asterisk. Thanks for helping to support the podcast!
Beer #1 – Radler made with Lucky Lager [1:30]
Lucky Lager WAS brewed in Victoria until 1982
Useful Financial Product [5:05]
Koho (Visa)0.5 percent cashback Our referral code is OXQM6GDT*The signup bonus is an additional 1 percent cash back for your first 90 days – not much of a deal.Stack (Mastercard)special offersOur referral link is here*You get $20 for signing up – not bad! – and we get $5. Pre-loaded credit cardsNot a credit builderScotia SCENE debit card [6:57]Segregating spending [8:50]New Reading: 4 reasons to get a prepaid card and 5 reasons not to by from creditcardgenius.ca: Prepaid Visa Or Prepaid Mastercard ‒ Which Option Is Better?
Non-Registered Accounts [9:40]
Shout out to Trevor for suggesting our topic [9:30 & 10:20]Disclaimer! [10:00]You’ve maxed out your registered accounts, now what? [11:20]Interest-bearing investments are the least efficient form of investment income to earn in a taxable account [11:35] Interest-bearing investments and foreign equities should go into tax-advantaged accounts.Canadian Equities and Canadian ETFs are the best investments to hold in non-registered accounts [12:48]Is paying off your mortgage a good use of your dollars when registered accounts are full? [13:20]Start executing a Smith maneuver [14:07]Maple Money’s Make Your Mortgage Tax Deductible With the Smith Manoeuvre, with Robinson Smith Smith maneuver web siteExplore FI Canada’s Megan from Victoria, BC | Using the Smith Manoeuvre to Achieve FIRESPs [15:30]Look at your portfolio as a whole [16:45]Consider talking to a financial planner or tax professional [18:00]Consider a real estate investment [20:35]Gold or other Alternative Investments [22:35]Canadian dividend-paying stocks [24:00]Joint-Accounts [28:28]
Beer #2 – The Money Mechanic’s FI Garage Dry-Hopped Ale [26:00]
FI Garage Approved Drinks [30:05]
Water [30:18]Homebrew [30:45]about $2 per LitreHomemade Apple Cider [33:30]$1 per LitreMix your own Hi-Balls [36:40]$1 per DrinkUn-approved: Premixed Drinks [36:57]Make your own Wine [38:00]$3 per bottleU-brew Facilities [39:00]Quit Drinking [40:27]
Reading List
The Greater Fool’s The Other One [28:37]