How Much Money do You Need to Retire?

Hello World,

There are two types of retirement planning these days, old school societal plan and the new side hustle retirement plan. Old school societal retiremenat plan, tells you to look at the age you are currently and put your money away in investments (Tax Free Accounts if applicable) that way your money can grow in compounds. This will allow you to atleast reach atleast 700,000 to 1.2 million dollars by the time you are 60, given you have low expenses and save well.

The new side hustle retirement plan, tells you to have atleast 5 passive income sources where you are making about $10,000 dollars a month in total. This way you will make the retirement money quicker and also be financial freedom at present time. If you have time right now, don’t waste it. Learn a new skill! The more skillful you are at todays market, the better your position will be.

When thinking about retirment, you have to visualize your current lifestyle and spending and ask yourself if you will be able to maintain this without a job and with what is in your bank at the age of 60 / 65?

Now let’s say, you were going that tranditional route, then use this calculator:

https://www.tdcanadatrust.com/products-services/investing/retirement-savings-calculator/

This will help you see how much you need to save on a monthly basis.

I would suggest, maxing out your RRSP and TSFA (Savings/Investment brokerage) as much as you can.

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DLA

Trade Mark for your Brand

Hello World,

I always want to provide informative content you can use to excel in your personal and professional growth.

I am the kind of personality who had to learn on her own and find her own coaches and mentors. I had to put in research for all the knowledge I have equiped over the years and I am still growing and learning.

Today I want to know if you are growing your brand? If you are, then check out these two websites which will help you locate Trade Marks for your brand. You can go on these websites and search for your Brand name and or a slogan.

USPTO – https://www.uspto.gov/

TradeMarkia – https://www.trademarkia.com/

Once, you searched the trade mark item you are looking for two things!

  1.  If the trade mark is “Dead” or “Live” 
  2. Detailed description of the industry the brand name/slogan was used for.

If the trademark is LIVE then you would not be able to use the trademark!

 

Check out my last few Blogs! Let me know if they are helpful. 

Want to make money from your Website?

Traction and Future of Blogs

Steamer – Amazon Deals

Career lesson…

Pandamic Planner – pick a skill to keep up

 

Thanks!

Tiktok: Dlaofficial_

 

What are some ways to Save Money? Rakuten.ca

Hello World,

I have looking for smart tips to saving and investing money.  If we look at our economy today, everyone is some where saving what they have. People are worried about the worsening economy. However, if everyone starts holding cash then economy get’s worst.

Therefore, take your money and invest it but, be smart about your investments. Learn new skills and make yourself more valuable in the coming markets. Do your research!

I have been reading a lot about money and saving tricks. Funny thing! I have never focused on cash back sites or cash back credit cards! I don’t know what I was doing all these years.

Recently, I found Rakuten.ca! through someone elses blog post. 

“Rakuten.ca is a great website that actually pays you Cash Back every time you shop online and it’s free to join! Rakuten.ca works with over 750 stores that ship to Canada including Indigo.ca, Old Navy, Sephora, Staples, Hudson’s Bay, and eBay.ca.”

This is a little blurb you get from their website. All in all, I agree with it! I shopped a few times now and my cash back are stacking up to be a good amount in return. I shopped from Sephora, Groceries from Walmart, Clothing from Nike! This website has all the big players you would usually spend your money with online.

Think of getting a discount of 2% to 5% cashback on your big purchases!

Although, I wish it had Amazon.ca! Amazon is not doing cash back with this site at the moment since, they have launched their own credit cards.

Why wait? Click here to sign up today:

 

Be thrifty everyone!!

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Career lesson…

“People would actually rather work with someone who is incompetent and likable than competent and unlikable. Most people nod in agreement when they read this. It’s the unlikable people who form arguments in their head.

But there’s more. At work, if you are unlikable, people start thinking you are less competent. So stop thinking you can skate by on your genius IQ because you can’t. You need emotional intelligence as well. This situation is so pronounced that there are special-education classrooms rife with kids who could read when they were three. Social skills matter as much as intelligence when it comes to long-term success, even for the geniuses.”

We are hitting Great Depression again…

Hello World,

Media always pursued us to buy more products when we do not need them. I was on Amazon and the current Canadian best sellers are Coffee, when it should be masks and all purpose cleaners.

When I am on TiKTok, I see a pattern of young “rich” people showing off their Gucci purses, Balenciaga shoes. That encourages our youth to make poor purchase decisions.

There is a digital #trend “I want it, I got it…” the video shows someone pointing out an expensive product such as a gucci purse or a belt. Then they show the people holding the item. This is great for digital presence for the person creating content and should be only taken as entertainment.

However, I am worried about people being encouraged by the trap of marketing at this time.

You all need to save money right now. Only spend on your essentials and save. You can look into your future investments that will return money. If prices fall in the house market, then do your research before you purchase.

Will you be able to rent the place out? If yes, then create that stream of income. Create different streams of income right now so you can survive through the recession that we are already in.

Invest in yourself. Learn a new skill! Look up new #hottopics. For example, we know now that health care and security/cybersecurity never goes out of fashion

Thank you,

Tiktok: Dlaofficial_