Happy New TFSA $5000!

Yes, you should be excited.  It is a new year and with that new year comes another $5000 contribution room to add to your Tax Free Savings Account!! (TFSA).

I know you all have been busy bees shopping and running around getting ready for the holidays  - so I will forgive you for not getting to the bank to open up your TFSA (if you haven't already done so).

But we are well into the new year and along with that comes our NEW YEAR RESOLUTIONS.  Which should be PAY MYSELF FIRST.

I know, I know, those bills are coming in and your eyes bulge out of your head in shock and surprise wondering how the hell you managed to go way over budget (because I know you all made a budge for the holidays right?) Hmmm.....

This should give you even more incentive to toddle off to your bank and open up your TFSA.

Set up an automatic weekly/bi-weekly/monthly withdrawal and I promise you, you will not miss that money.  Not one bit.

Find yourself a decent blue chip stock that has a dividend of at least 3% and you are set.  No worries if the stock goes up or down since you will have that quarterly dividend increasing your account every year and bonus... you can use those tax free gains to pay for next Christmas.  How great is that?


I cant' wait to hear back from you all to tell me that you are thinking ahead and making some positive plans towards a debt free, asset full life.  


It just takes a little time and energy, but it is all worth it.  I am certainly looking forward to a great "bullish" year.

P.S  My aim is to write at least once a week.