So encouraging! Love to see young people achieve financial independence and live their best lives! Too late for me to achieve F.I.R.E. , but I still have enough time to substantially supplement my pension income in retirement. Whatever your goals - PII can work for you. I'm teaching my kids and helping them get their own portfolios going - to me, seeing their success will be worth as much as my own! Thank you Adriano and Erica!
Nice to hear from other PII share their experience about PII. 😀 The key message is that you do not need a 2 million dollar portfolio to FIRE. Once you have financial independence, life is much more enjoyable. Of course, the biggest benefit of being an PII is my emotions are completely detached from the market volatilities. I just count my dividends on Friday, then watch your video on Sunday. 😄 Thank you! 🙏
Thanks Adrian and Erica. This video is amazing. I came to Canada as student. However, on my own, meaning no one to back me if anything happens, lived and grew in extreme poverty. Accumulated debts to pay Concordia fees, worked hard to pay them, but nothing worked. Did whatever I could but always struggled to meet month needs. Same even now. During pandemic I decided to explore how to earn other source of money. Sadly, no one wants to guide or mentor poor guys. Today I can tell what my colleagues did but they never shared any thing ..nevermind, i started educating myself and I did and growth plus PII. The money I saved was monthly metro pass for zone 3, plus one meal and one coffee, that's what I started my journey in October 2020. I reached you and got your ultimate sheet in 2021 ... I would say a big thank ... Btw I do reasearch and always share whatever I come across to you and everyone. I have decided to educate everyone around me so they don't go through the pain I went through... So again Adrian and Erica, lots of love and thank you ....
i really enjoyed having a cup of coffee with all of you . The questions i would ask , you ask . i find that so down to earth ... Thank you Tanessa and Flynn.
Its only been about 6 months since I opened a Questrade account and moved my TFSA and RRSP accounts(Mutual Funds) from Bank. Scoured the TH-cam videos trying to gain a bit of knowledge. Gained some knowledge from "Canadian In a T-Shirt" on how to work with Questrade and "Wealth Simple". Good information and like his site as lots of info on taxes etc. Also followed a couple other You Tube channels. Stumbled on your site and everything clicked. Got your spreadsheet and used it as a guide. Have been tailoring my investments accordingly and love your content. Was a bit nerve racking buying in at top and then seeing drop in the market. Didnt even want to open my Questrade account for a bit as all I seen was RED. Now, I finally am at point of ignoring unrealized losses and just watching and reinvesting monthly dividends. Would not of been able to do this without your info . Keep up the good work.
Great testimonial. Congratulations! Couldn’t agree more re: quality of life and peace of mind. I work part time and make a full time income thanks to PII and my monthly dividends.
Thanks Tanessa and Flynn - really appreciate you guys sharing your path. Good luck with everything from a fellow Vancouverite :-) . Adrian - great idea on this and for including Erica as well. Very accessible and welcoming format. Inspiring to see more folks take this path!
My husband & I are the next success story, thank god Kelly found your page, and that he told me to watch your channel. We have 2 years until we are retired and I just want to thank you for your knowledge, sharing your story, & giving us the opportunity to learn, grow, & retire early as well.
Awesome video. I’m also from Vancouver and a mechanic. I started watching Adrian’s video few months ago. I have to start my pii journey and hopefully stop working to have more free time in the future.
Thank you. Great interview. I made this suggestion before but there is an online program called Sharesight which is great to track your portfolio. One suggestion you should mention is that most apps/programs focus on growth. It is hard to ignore growth and it take disciple to follow the dividends. Again thank you for this.
I really enjoyed this. Looking forward for more testimony's in the future. The part about selling property really hit home. Even though society, friends and family always say housing is the best investment I don't really believe it because a house doesn't pay you. I have a lot of equity in my condo. Am I crazy for selling my overpriced Toronto next year and investing the capital for income? I don't need the income so I could keep re-investing it for a few more years because I still like my job.
Please do more testimonials! It's really encouraging and it helps us get started when we are seeing success stories from real and honest people. Great job! I'm new and I'm looking forward to making my money work for me and finding freedom by living off it passively! Great job with your teaching. Finally there is someone who can break this down in an easily understandable way for those us who don't have natural talent for investing and have a hard time grasping it! 👏 👏 👏
I'm not in the same situation. I'll never be able to retire early and live off of my passive income before I reach 60. I don't need a lot of income, I could not have to work if I had just 200k invested with a yield of 10% given monthly. I just did some math, and if I go all in with Passive Income instead of my actual mix of Growth/Passive Income, and if I reinvest everything, I could stop working in 15 years but I wouldn't make enough to do anything really (like travelling). That's why I started investing Growth style, thinking if I can optimize my capital over 10 years or so, I could sell and reinvest in high yield ETFs and retire at 55 instead of 60. But that's a big IF. The jury is still out, these are not easy decisions.
This video is excellent. Sharing so much personal experience. Adrian your videos are really great and very encouraging. There are so many things to learn.
Absolutely inspiring! Thank you for sharing your experience Tanessa and Flynn! I definitely want to reach this goal as well. Thank you! Thanks, Adrian and Erica, to record this.
This is great information and insightful... on the flip side this could also explain a small percentage of where the labour shortage is coming from. Hats off those who can make the leap
I think the labour shortage is coming from all the incentives the government have been giving out for people not to work …. That’s what you get with socialism . They have the same issue in France
Telus is a great company. It has a 4.5%+ dividend and a history of raising dividends about 7% per year. You should consider having great dividend growth stocks as part of your portfolio also. Yes the yield isn't as high as most of the covered call etfs, but over the long run, that dividend growth will translate into a much higher yield (it will double every 10 years, so that's 9% dividend yield on your initial investment) , and you'll get some capital appreciation also, while most covered call etfs will stay flat if they are run well. Just my opinion (However I still do own some "PII" etfs though 😀)
Fascinating. As a fellow Vancouverite, I selfishly suggest staying in the workforce. There's a short window where you can maximize your income due to the city's labour shortage, and funnel those savings into a heavily discounted stock market. Double wins!! You're still young. As Albert Einstein once said, “Compound interest is the eighth wonder of the world." Don't waste this opportunity that's closing soon. While $50k of passive income looks great today, you also should watch out for inflation. An apartment we used to rent in Downtown Vancouver is about 80% more expensive now after 12 years.
This is so fun to read as it's been 5 months since you've left the comment, but we are at over $70k / year now :) I'd say it's keeping up with inflation nicely!
@@becominglimitless Before I comment further, may I ask where the increases are coming from? You have to be more specific. If I want to, I can easily 10x my current passive income, but that doesn't mean it's sustainable or prudent.
Trying to get my wife on board with this...she thinks it's too good to be true...meanwhile I am also on the verge of moving the remainder of my portolio from growth etfs to income....
@Passive Income Investing how booked up are you these days? I think I am getting through to her that taking the PII route is far more beneficial than the savings accounts she currently has...she just has concerns about losing money...I told her she is losing money everyday with the savings account compared to PII...
Nice video! My advice would be for Flynn to go back to work for another 10 years so the dividends would be much larger. C'mon bro get out of the house before it's too late!! Oh, and put the DRIP back on!
We could do this, but would he trade missing ten years of our girls' lives and all the travel we're going to do just for more money? 😊 We already have enough and will still be investing from my biz income 🙌
Great video. Please do more. I would be interested in one where someone started PII will relatively little capital. I am not one of those, and it would be interesting to see the perspective of someone starting with initial capital of 10k or less.
We did start there :) In March 2020, we only had $30k. We saved up bit by bit to get there! The big capital now is because of property sales (which we saved up for too!)
Enjoy your content. I like this strategy my wife and I sound like your couple here. I’m heavily in the market I’m a growth investor but coming out of this crash after the next run half of my money is going into this strategy looking for early retirement.
Any chance of getting a downloadable copy of that spreadsheet? I can sort of see it all in the video but a copy of the file would be more convenient, or even just a better resolution screenshot.
Excellent video, and congrats on your FI journey, I'm working on getting there soon myself. Question for you about income tax reporting. I'd imagine these ETFs are in a taxable accounts, once TFSA/RRSP is maxed, so do holding these ETFs make it more complicated to report; Return of Capital (changes the Adjusted cost base), foreign dividend withholding tax, option premium on the covered calls, etc? Thanks.
Can you guys do more recommendations of this strategy tailored for US stocks.. love the channel but a lot of these Canadian aren’t applicable for US residents
the house is a liability. you pay rent to the government when they tax you. you never really own it outright. you don't pay the taxes owing, then you lose your home. it's only an asset when you sell it at a profit.
I got a good my friend mine into PII, he withdrew some of his money from his bank's mutual funds and was met with resistance and questions. It was as if he was taking their money away from them.
If you really want to know what is needed to achieve that nice passive income, you could calculate it from their holdings as the dividend yield and weight are listed. Use those 2 numbers to calculate the average dividend percentage of the whole portfolio and extrapolate based on 63k year dividends. Just eye balling it, the dividend yield of the whole portfolio looks to be around 9-10%, so their portfolio is somewhere between 630k to 700k (this also assumes that their US holdings are listed in Canadian dollars).
Great video! Such a breath of fresh not having to worry about stock market fluations also fantastic to know building a portfolio to your magic number! Absolutely gives you more time for other endeavours if you wish. All best A an E
A great interview, but I wager that this couple doesn’t represent most young couples as they mentioned having a primary residence and a rental property. Especially in Vancouver.
True, but we both saved for every dollar ourselves with nobody helping us out. We just really prioritized where our money went and neither of us made more than a $100k/year on the way there.
online dating website - usually only for good looking guys/women friend's friend going outside but being FI could mean getting pre-nup or equiv if things get serious. and if you have 7 digits, partner has 4 or less digits
![[LIVE] MCHOICE & MINT AWARDS 2024 at TRUE ICON HALL, ICONSIAM](http://i.ytimg.com/vi/wMewUeT5nbY/mqdefault.jpg)
Thank you for having us on your channel! We've learned so much and our lives are forever changed. The freedom is awesome! 🙌
Thanks for coming on learned a lot of gems. You should start posting investing content of your channel too :)
Congratulations guys! So great to hear about your success.
Congrats guys!!
This knowledge changed "a completely fiscally irresponsible person" LOL
Thanks for coming on and sharing your story, very inspiring and straight forward. On to the next milestone! 🙌
So encouraging! Love to see young people achieve financial independence and live their best lives! Too late for me to achieve F.I.R.E. , but I still have enough time to substantially supplement my pension income in retirement. Whatever your goals - PII can work for you. I'm teaching my kids and helping them get their own portfolios going - to me, seeing their success will be worth as much as my own! Thank you Adriano and Erica!
Nice to hear from other PII share their experience about PII. 😀
The key message is that you do not need a 2 million dollar portfolio to FIRE.
Once you have financial independence, life is much more enjoyable.
Of course, the biggest benefit of being an PII is my emotions are completely detached from the market volatilities. I just count my dividends on Friday, then watch your video on Sunday. 😄 Thank you! 🙏
Amazing 😊
Yes to everything you said! 🙌
Thanks Adrian and Erica. This video is amazing. I came to Canada as student. However, on my own, meaning no one to back me if anything happens, lived and grew in extreme poverty. Accumulated debts to pay Concordia fees, worked hard to pay them, but nothing worked. Did whatever I could but always struggled to meet month needs. Same even now. During pandemic I decided to explore how to earn other source of money. Sadly, no one wants to guide or mentor poor guys. Today I can tell what my colleagues did but they never shared any thing ..nevermind, i started educating myself and I did and growth plus PII. The money I saved was monthly metro pass for zone 3, plus one meal and one coffee, that's what I started my journey in October 2020. I reached you and got your ultimate sheet in 2021 ... I would say a big thank ... Btw I do reasearch and always share whatever I come across to you and everyone. I have decided to educate everyone around me so they don't go through the pain I went through... So again Adrian and Erica, lots of love and thank you ....
unfortunately talking money is still taboo in a lot of places, otherwise Canadians are usually friendly and willing to help.
glad this knowledge has helped you! good luck my friend
@@jimwu8532 we grow with friends but now I understand ...a true friend will always make you rise ....so you all are my true friends
@@PassiveIncomeInvesting I wish I knew you guys while you were here ...maybe we might have crossed in malls lol
This was an excellent episode-pls do more of these-well worth it
Excellent Video! Congratulations to Tanessa & Flynn on your new life and new baby! Love your new view, Adrian and Erica! Thank you for sharing!
Thank you!! 😊
It’s nice to hear about success stories like this! These guys are so young, but I suppose it’s never too late to start 🎉
i really enjoyed having a cup of coffee with all of you . The questions i would ask , you ask . i find that so down to earth ... Thank you Tanessa and Flynn.
Its only been about 6 months since I opened a Questrade account and moved my TFSA and RRSP accounts(Mutual Funds) from Bank. Scoured the TH-cam videos trying to gain a bit of knowledge. Gained some knowledge from "Canadian In a T-Shirt" on how to work with Questrade and "Wealth Simple". Good information and like his site as lots of info on taxes etc. Also followed a couple other You Tube channels. Stumbled on your site and everything clicked. Got your spreadsheet and used it as a guide. Have been tailoring my investments accordingly and love your content. Was a bit nerve racking buying in at top and then seeing drop in the market. Didnt even want to open my Questrade account for a bit as all I seen was RED. Now, I finally am at point of ignoring unrealized losses and just watching and reinvesting monthly dividends. Would not of been able to do this without your info . Keep up the good work.
Great job and attitude!
Goal of doing a testimonial with Adrian & Erica now added to my goals.
One of my favorite expressions: As long as the outcome is income !
This was wonderful and just reinforces my PII strategy. Thank you to Tanessa and Flynn for sharing their success story.
Great testimonial. Congratulations!
Couldn’t agree more re: quality of life and peace of mind. I work part time and make a full time income thanks to PII and my monthly dividends.
This is good stuff Adrian and thank you for your guest for sharing.
Thanks Tanessa and Flynn - really appreciate you guys sharing your path. Good luck with everything from a fellow Vancouverite :-) . Adrian - great idea on this and for including Erica as well. Very accessible and welcoming format. Inspiring to see more folks take this path!
My husband & I are the next success story, thank god Kelly found your page, and that he told me to watch your channel.
We have 2 years until we are retired and I just want to thank you for your knowledge, sharing your story, & giving us the opportunity to learn, grow, & retire early as well.
Awesome to hear peoples stories and it’s very motivating. Thanks for this and looking forward to more like this.
Great video, Adrian. I like the positive energy from both couples and inspiration you provide to so many people out there. Nicely done!
Awesome video. I’m also from Vancouver and a mechanic. I started watching Adrian’s video few months ago. I have to start my pii journey and hopefully stop working to have more free time in the future.
Welcome aboard!
Great seeing the couple succeeding. And that view from your place was awesome. Thanks for sharing. Now you have me thinking about a trip to Panama!
This is a great strategy. I move to this a few months back.
Thank you. Great interview.
I made this suggestion before but there is an online program called Sharesight which is great to track your portfolio. One suggestion you should mention is that most apps/programs focus on growth. It is hard to ignore growth and it take disciple to follow the dividends. Again thank you for this.
I really enjoyed this. Looking forward for more testimony's in the future. The part about selling property really hit home. Even though society, friends and family always say housing is the best investment I don't really believe it because a house doesn't pay you. I have a lot of equity in my condo. Am I crazy for selling my overpriced Toronto next year and investing the capital for income? I don't need the income so I could keep re-investing it for a few more years because I still like my job.
you are not crazy... :). Do we look like crazy people to you ?
This was an amazing video very happy for tanessa hope you guys hit 10,000 a month in 10 years
This was cool. Nice to see how others are making it work.
EXCELLENT! Keep them coming! I want to be part of the PII tribe!
Oh hiiii Erica! Nice to see you on here! Great episode, as always.
Hey Danielle ! Nice to hear from you . Congrats on you know what ! 😉
Hi Danielle 👋 Thanks, and it's nice to hear from you!
Happy to hear people became Fire stay passive, thank you for your testimony and thanks to Adrian for all the encouragement. wooohooo
Please do more testimonials! It's really encouraging and it helps us get started when we are seeing success stories from real and honest people. Great job! I'm new and I'm looking forward to making my money work for me and finding freedom by living off it passively! Great job with your teaching. Finally there is someone who can break this down in an easily understandable way for those us who don't have natural talent for investing and have a hard time grasping it! 👏 👏 👏
I'm not in the same situation. I'll never be able to retire early and live off of my passive income before I reach 60. I don't need a lot of income, I could not have to work if I had just 200k invested with a yield of 10% given monthly.
I just did some math, and if I go all in with Passive Income instead of my actual mix of Growth/Passive Income, and if I reinvest everything, I could stop working in 15 years but I wouldn't make enough to do anything really (like travelling). That's why I started investing Growth style, thinking if I can optimize my capital over 10 years or so, I could sell and reinvest in high yield ETFs and retire at 55 instead of 60. But that's a big IF. The jury is still out, these are not easy decisions.
This video is excellent. Sharing so much personal experience. Adrian your videos are really great and very encouraging. There are so many things to learn.
Thank you for sharing this video. you guys are a blessing, as I am looking into reorganize my portfolio.
Love the accent Erica. Great video as always.
Thx so much! Every video you do boost my motivation. Have fun & keep going!
Thank you to all 4 of you. This is a very good informative video on PII. You guys are awesome. All the best to you guys.
Absolutely inspiring! Thank you for sharing your experience Tanessa and Flynn! I definitely want to reach this goal as well. Thank you! Thanks, Adrian and Erica, to record this.
Wonderful Video, should have more like this to inspire all.
Love the info guys this is really great
Thank you!! :)
Only ones of theirs I have is CLM and RYLD. I go only for monthly income myself.
This is great information and insightful... on the flip side this could also explain a small percentage of where the labour shortage is coming from. Hats off those who can make the leap
I think the labour shortage is coming from all the incentives the government have been giving out for people not to work …. That’s what you get with socialism . They have the same issue in France
@@PassiveIncomeInvesting Not going to argue with you on that point
Telus is a great company. It has a 4.5%+ dividend and a history of raising dividends about 7% per year. You should consider having great dividend growth stocks as part of your portfolio also. Yes the yield isn't as high as most of the covered call etfs, but over the long run, that dividend growth will translate into a much higher yield (it will double every 10 years, so that's 9% dividend yield on your initial investment) , and you'll get some capital appreciation also, while most covered call etfs will stay flat if they are run well. Just my opinion (However I still do own some "PII" etfs though 😀)
There is nothing wrong with single dividend stocks , but that’s not my channels focus .
Fascinating. As a fellow Vancouverite, I selfishly suggest staying in the workforce. There's a short window where you can maximize your income due to the city's labour shortage, and funnel those savings into a heavily discounted stock market. Double wins!! You're still young. As Albert Einstein once said, “Compound interest is the eighth wonder of the world." Don't waste this opportunity that's closing soon.
While $50k of passive income looks great today, you also should watch out for inflation. An apartment we used to rent in Downtown Vancouver is about 80% more expensive now after 12 years.
This is so fun to read as it's been 5 months since you've left the comment, but we are at over $70k / year now :) I'd say it's keeping up with inflation nicely!
@@becominglimitless Before I comment further, may I ask where the increases are coming from? You have to be more specific. If I want to, I can easily 10x my current passive income, but that doesn't mean it's sustainable or prudent.
Really enjoyed this video! Thanks!!😁
Thank you both
Excellent video!
Thanks for sharing your life
Trying to get my wife on board with this...she thinks it's too good to be true...meanwhile I am also on the verge of moving the remainder of my portolio from growth etfs to income....
its good and its true my friend. feel free to book a 1 on 1 with me, ill talk to her
@Passive Income Investing how booked up are you these days? I think I am getting through to her that taking the PII route is far more beneficial than the savings accounts she currently has...she just has concerns about losing money...I told her she is losing money everyday with the savings account compared to PII...
Numbers don't lie - that is what convinced us to go all in. Data over emotions!
Nice interview, The mountain looks good in the background.
Great inspiring video! Making $1600 a month... investing all my $ into this!!!
Excellent! Thx for this kind of Podcast!
Glad you enjoyed it!
Great video, guys. Thanks!
Keep up the good work, nice video .. I'm change my from quarter to monthly dividend..
Haha, the IG post "What a good looking couple! Holy smokes. You should be on a magazine or something." Great video!
Nice video! My advice would be for Flynn to go back to work for another 10 years so the dividends would be much larger. C'mon bro get out of the house before it's too late!! Oh, and put the DRIP back on!
We could do this, but would he trade missing ten years of our girls' lives and all the travel we're going to do just for more money? 😊 We already have enough and will still be investing from my biz income 🙌
People still fail to realize that there’s much more important things in life than money 😉
Great video!!
Great video. Please do more. I would be interested in one where someone started PII will relatively little capital. I am not one of those, and it would be interesting to see the perspective of someone starting with initial capital of 10k or less.
We did start there :) In March 2020, we only had $30k. We saved up bit by bit to get there! The big capital now is because of property sales (which we saved up for too!)
Enjoy your content. I like this strategy my wife and I sound like your couple here. I’m heavily in the market I’m a growth investor but coming out of this crash after the next run half of my money is going into this strategy looking for early retirement.
Any chance of getting a downloadable copy of that spreadsheet? I can sort of see it all in the video but a copy of the file would be more convenient, or even just a better resolution screenshot.
excellent video, thank you!
Spreadsheet was blurry:(
great video!!thanks👍
Great video Thanks
Excellent video, and congrats on your FI journey, I'm working on getting there soon myself. Question for you about income tax reporting. I'd imagine these ETFs are in a taxable accounts, once TFSA/RRSP is maxed, so do holding these ETFs make it more complicated to report; Return of Capital (changes the Adjusted cost base), foreign dividend withholding tax, option premium on the covered calls, etc? Thanks.
No very easy . See my tax videos
Cool video
Great stuff, well done. How do you prevent the rent from going up, in the usa the rents are rising so fast
We don't. We just keep investing and our dividends go up faster :)
Awesome and inspiring to see.
My question is what platform did they use?
Broker you mean ? The best answer is , that doesn’t really matter 😉
This was good 👍
Can you guys do more recommendations of this strategy tailored for US stocks.. love the channel but a lot of these Canadian aren’t applicable for US residents
I have a U.S. Funds Playlist and ill be sure to cover more U.S. Funds in the future
wow this is a wonderful video... thumbs up ! subbed and liked .... a fellow creator
Dont you go beyond your TFSA limits? and What happens if we go beyond that?
No
can you expand on the timing for CLM rights offerings... or do you have a video on this subject
search my channel for "CLM"
the house is a liability. you pay rent to the government when they tax you. you never really own it outright. you don't pay the taxes owing, then you lose your home. it's only an asset when you sell it at a profit.
My traditional banking advisor completely dismisses my investment and passive income approach. Mind blowing...
Of Course they do , they can’t make money off you anymore
I got a good my friend mine into PII, he withdrew some of his money from his bank's mutual funds and was met with resistance and questions. It was as if he was taking their money away from them.
So Yield of 10% means if you have 10000$ in, you will get 1000$ a year, either divide by 12 or quarterly, is that how you calculate it?
yes
Did they mention what their total portfolio is worth to provide that much monthly income?
If you really want to know what is needed to achieve that nice passive income, you could calculate it from their holdings as the dividend yield and weight are listed. Use those 2 numbers to calculate the average dividend percentage of the whole portfolio and extrapolate based on 63k year dividends. Just eye balling it, the dividend yield of the whole portfolio looks to be around 9-10%, so their portfolio is somewhere between 630k to 700k (this also assumes that their US holdings are listed in Canadian dollars).
Im not sitting on 2 properties ready to sell for 2millions and invest. Does this even make sense for someone that has maybe 500$ a month to put away?
it can... you can always DRIP. Or you can buy Index funds but with those your fate is tied to stock prices
too young to retire work on a different job one you like and invest
No one in the video is retired, all financially independent.
Same here, get to do the job I enjoy instead of the job I have to.
Great video! Such a breath of fresh not having to worry about stock market fluations also fantastic to know building a portfolio to your magic number! Absolutely gives you more time for other endeavours if you wish. All best A an E
exactly...
A great interview, but I wager that this couple doesn’t represent most young couples as they mentioned having a primary residence and a rental property. Especially in Vancouver.
True, but we both saved for every dollar ourselves with nobody helping us out. We just really prioritized where our money went and neither of us made more than a $100k/year on the way there.
❤❤❤❤❤❤
Now on to the next question.. how to get a girlfriend/wife? 🤔
@@miraggg At least double eh! LOL😊
becoming FI is a great start :)
online dating website - usually only for good looking guys/women
friend's friend
going outside
but being FI could mean getting pre-nup or equiv if things get serious. and if you have 7 digits, partner has 4 or less digits
Great video. Wish i started that age. 18. Wow. My nephew is 36 and just started. QYLD RYLD XYLD JEPI RA GOF ETY CHW.
Great video!👍🏽
Still want the porche lol