Ads keep this website free for you. does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Be Retired at 50!
Canadian Tax and
Financial Information Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with!
What's New
Personal Tax
Sales Taxes
Financial Freedom
Financial Planning
Registered Accounts
Real Estate
US Tax Tips
British Columbia
Atlantic Provinces
Federal Budget
Prov/Terr Budgets
Statistics etc.
Site Map
Advertise With Us
Contact Us/About Us
Links & Resources
Financial Planning -> Retire at 50!

If you want to be retired at 50, read this!!

Now that we have your attention, we really mean financially independent, not necessarily retired, because not everyone wants to retire early.  Some people would like to retire at 40, others want to keep working forever.

If you are careful with your money and make good financial choices, you can have the financial independence to do whatever you want.  Have you noticed that many people earn a lot of money and seem to be just "getting by"?  Yet there are people who have low incomes and do very well.  How much money you earn isn't the only thing that matters.  What matters more is how you handle the money you have.  The difference between getting by and being financially independent is actually very small.

People who are financially independent aren't necessarily making more money or smarter than others, but they are probably better at making financial decisions.  They set their goals, make a plan, and stick to it.  They look at tax implications, returns and risk, project all the figures into the future, and then decide on a course of action.  This sounds complicated, but our calculators and our recommendations are here to help simplify your decisions.  When you have all the information, making decisions becomes much easier.

Throughout this website we have resources, Tips and calculators which will allow you to compare different scenarios.  You will be able to see what a big difference a small change in your money management decisions can make.  You may not think that this applies to you when you are young, but this is when it is most important, because you have the luxury of time (and compounding!) on your side.

Some people giving financial advice are in a conflict of interest, because they benefit if you follow their advice.  We do not earn money from any of the recommendations that we make.  Our income is from visitors to our website clicking ads.  The advice on this website is not tailored to anyone's individual situation.  It is wise to get a second opinion for any financial advice you receive, including ours.  Before making a major financial decision, you should hire an independent professional advisor (paid by the hour) to review your plan.

Every person's situation is different, and one plan does not fit all.  You need to sit down, define your goals, and figure out your own plan.  Life is a series of choices, and every person is the master of their own fate.  Forming and following the plan requires that you make choices, some of which can be difficult, and some of which will require a lot of dedication.  Everyone's goals should include buying their own home, and getting out of non-tax-deductible debt as quickly as possible. Resources

Free in 30! -  learn how the couple who publish this website managed to become financially independent.

Investing - learn how to build your wealth.

Financial Planning - links to many helpful articles

Tax Tip:  Make your money work for you instead of you working for it.

Revised: October 26, 2023

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from

Facebook  | Twitter  |  See What’s New, stay connected with by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.