ilovemoney.net Blog

Your FIRE number is the total invested portfolio value you need to live off indefinitely without working. When you hit this number, you are financially independent — optional work, not mandatory work.

If you're saving for your first home in Canada in 2026, the FHSA wins for most people — but combining both accounts is often the smartest strategy. Here's why, and how to decide.

Impermanent loss (IL) is the difference in value between keeping your crypto in a wallet versus providing it as liquidity in a decentralized exchange (DEX) pool. If the price of the tokens in your liquidity pool changes after you deposit, you end up with less value than if you had simply held the...

Dollar cost averaging (DCA) means investing a fixed amount of money at regular intervals — say $200 every month — regardless of whether prices are high, low, or crashing. You don't try to time the market. You just keep buying.

If you're earning a North American remote income and living in Toronto, you're paying Toronto prices for a lifestyle that similar-quality European cities offer at 40–60% of the cost. Lisbon — with its warm climate, Atlantic coast, strong expat community, excellent food, and reasonable flight conn...

Dollar-cost averaging into Bitcoin sounds simple: invest a fixed amount every month, ignore the price, repeat. But does it actually work? We ran the numbers. Here's exactly what $100/month into Bitcoin since January 2020 would be worth today — month by month, no cherry-picking.

You'll find plenty of articles that say "TFSA is better for low income, RRSP is better for high income." That's directionally true — but incomplete. The real answer depends on your current marginal tax rate, your expected tax rate in retirement, your province, whether you need the money before re...

The First Home Savings Account lets first-time buyers save $8,000 per year ($40,000 lifetime) with a full tax deduction on contributions AND tax-free withdrawals for a home purchase. Here is exactly how it works in 2026.

The 2026 TFSA contribution limit is $7,000 — and your cumulative room could be as high as $109,000 if you have never contributed. Here is exactly how it works, how to check your room, and how to make the most of it.

Selling on eBay, Etsy or Amazon sounds simple until you calculate what each platform actually keeps. The difference between platforms can be 5-15% of every sale — on $50,000 annual revenue that is $2,500 to $7,500 per year. Here is the exact breakdown for 2026.