Skip to main content

Tu Lan jungle and cave system.

Ryan Deboodt/Oxalis Adventure Tours

The 30-something blogger Kristy Shen may be familiar to you thanks to her views on how millennials should rent homes, not buy. She and her partner were able to build a seven-figure investment portfolio doing this, and now they're retired and travelling the world.

The cost of one year's travels was $40,143 including travel insurance. Costs were averaged down by spending time in both expensive places like Europe and Japan and inexpensive countries like Vietnam, Cambodia and Thailand. Ms. Shen estimates she and her partner saved at least $10,000 by using Airbnb instead of staying in expensive hotels in Europe.

If you're looking for inspiration about where to vacation in 2017, check out this gorgeous spread from the New York Times (in which Canada gets top billing) and this list of destinations that people are searching for most using an online booking service. Here's a look at what might be the cheapest dates to fly in 2017, from a U.S. perspective.

Story continues below advertisement

Subscribe to Carrick on Money
Click here to have my newsletter e-mailed to you twice weekly.

Best places to retire around the world
A Top 10 list compiled using factors like cost of living, retiree benefits, climate and health care.

The real story behind the U.S. housing crash
Have you heard the argument that the U.S. housing crash holds no lessons for Canada because it was primarily driven by mortgages given to low-income people who couldn't really afford them? It's true we don't do as much of that kind of lending here, but never mind. Here's an academic study that says mortgage defaults in the U.S. occurred in all income groups – middle and high earners included. Worth a read if you think our housing market is bullet proof.

Pricing your next renovation
Data on the most common reno projects Canadians did last year, plus the typical budget and some commentary on how realistic these spending targets are. The source of this data is a website called TrustedPros that helps people find contractors in their area. If you've used it, let me know what you think.

This millennial loves his pension
A blogger writes about his "minicrush" on the pension he gets as a worker in the health care industry. Rightly, he questions a colleague's decision not to jump into the pension as soon as possible.

Free flights from your credit card
A look at welcome bonuses from travel reward credit cards that might just be enough to get you a free flight all on their own.

The middle class crunch
A smart commentary looking at how retailers catering to high– and low-income people are thriving in Toronto, while those catering to the middle are struggling in some cases.

Story continues below advertisement

Today's featured financial tool
Here's a calculator that helps you figure out the best strategy for paying off a credit card balance that persists from month to month.

Ask Rob
The question: "I'm 66, retired and have a defined benefit pension from which I get most of my retirement income. How should I allow for that when deciding on asset allocation in my portfolio?"

My reply:
Having a financially strong DB pension may allow you to lighten up on bonds and have more money in stocks. Here's a column I wrote on this subject a while back.

Do you have a question for me? Send it my way. Sorry I can't answer every one personally. Questions and answers are edited for length.

Featured Video
Help for the many investors who get tripped up in trying to figure out the yield they get from bond ETFs.

More Carrick and money coverage
For more money stories, follow me on Twitter and join the discussion on my Facebook page. Millennial readers, join our Gen Y Money Facebook group.

Story continues below advertisement

Send us an e-mail to let us know what you think of my newsletter.

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • All comments will be reviewed by one or more moderators before being posted to the site. This should only take a few moments.
  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Read our community guidelines here

Discussion loading ...

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter