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American FIRE vs Canadian FIRE

Images by Ali Tawfiq (left/top) Frank McKenna (right/bottom) on Unsplash
If your FIRE-podcast listening experience has been anything like mine, you've probably learned far too much about how great America is to live for next to nothing, invest with low MERs and buy real estate in. And yet you've probably also heard that they have over a billion different account types making retirement options very complex and of course the elephant in the room: healthcare. Today, we're going to compare these two countries FIRE and see who has an edge on one another. It will of course be a completely biased article since I'm Canadian and I want my country to win :P Okay let's see how we do. Cost of Living (COL)In the US, COL ends up being cheaper for a number of consumer staples, food and gasoline being the two prime examples. Simply put, goods just cost a lot less in the US and us Canadians see the difference everytime we travel south of the border. Even though everything from iPads…
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How to Calculate your SR (Savings Rate)

** As usual, hello everybody! Blog update at the bottom for my regular readers! **

A Savings Rate (SR) is the act of putting a certain percentage of money into savings or investment account to be used for a purpose down the road in your life, such as retirement or emergencies. This can be a high-interest savings account, an RRSP or TFSA, etc. The higher your savings rate, the earlier you can achieve FIRE. That means everybody in the FIRE movement is obsessed with calculating their SR.

So how on earth do you calculate a SR? Nobody can agree on one formula for some reason:

"Can I include my mortgage payments?" 
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As you can see people have a hard time wrapping their head around a concept of putting money into a piggy bank. The question keeps coming up every other d…

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