As someone who is right in the thick of things when it comes to the FIRE movement, I cannot believe I haven’t written about it until now. But hey, better late than never, right? FIRE is an acronym, short for “Financial Independence, Retire Early.” It refers to a movement, especially popular among Millennials, where you save significantly more than the average savings rate (often upward of 50% of your income) in order to retire much earlier than the standard age of 65 (think 30s or 40s). You can think of it as “Freedom 55” on steroids.

Everyone knows the classic song by the Barenaked Ladies. It goes on to talk about all of the things one could buy, if only they had a million dollars. It even ends the song by saying “If I had a million dollars… I’d be rich.” But what exactly does a million dollars get you in this day and age? Here are a few things you can get for a million bucks.

Starting in 2019, there will be changes to the Canada Pension Plan (CPP). I have to admit I was a bit surprised when I heard about it (and only learned about it while I was researching something unrelated online). Also, the explanations of the changes given on the Government of Canada website were about as clear as mud, so I thought I’d try to simplify it for you. (more…)