Jerry Millionaire

05/28/2026

Doing it the way my parents did it didn't work.

When I got married I figured that my financial life would be handled the same way my parents handled theirs. Pop went to work, brought Ma his paycheque every two weeks, she gave him gas and beer money, and she took care of the rest.

Sounds pretty simple, right?
It worked for them so it should work for me, right?
Nope.

It seems my wife worked on the assumption that if there was money in the chequing account it meant she could spend it. I didn't realize she had this type of thinking until I started getting phone calls from creditors wondering when they could expect to be paid. This happened entirely by accident because one day I happened to be standing closer to the phone than she was when a creditor called.

I had no financial literacy at that point, but I knew that getting phone calls from creditors demanding payment was bad.

I asked my wife what else she was hiding. After uncovering the whole mess I took over the finances.

My plan? Work my arse off, make a payment plan with each creditor, put our spending on lockdown, return anything we had purchased that we didn't need and could get refunded. I held the purse strings, and she was the one getting gas and beer money.

I worked 60 hours a week. 1 full-time job, 2 part time. She worked full time. All minimum wage. I made arrangements with each creditor to ensure we had a payment plan we could stick to and that satisfied them. I ruled with an iron fist. Wife didn't like it and the marriage eventually ended because of it.

The key takeaways?

+ Married folks, monitor your accounts jointly. This will expose any issue quickly. The two of you need to be on the same page financially.

+ Have a conversation about your money styles before getting married. 68% of couples cite financial issues as a leading source of conflict, and about 25% of couples cite money problems as a primary factor in their divorce.

+ Neither your employer, nor your government, nor your family, nor your bank are going to get you to a comfortable retirement. That's on you. What worked for your parents may not work for you. Learn not only what they did, but why.

+ WYAO (Work Your Arse Off) and giving every dollar a job was the way out for me.

05/21/2026

05/14/2026

My S.O. came to visit me on the weekend and stayed until Wednesday. We hung out, went on a hardware store date, checked out the local Used Stuff Stores, went out for lunch, and had a great time together.
Tuesday we spent the day in bed, enjoying each other's company.
After supper we went to see Ian Thomas live in concert at the Sanderson Centre in Brantford. Great concert. Before the last tune of the night he mentioned how grateful he is for the life he has had, and for the people who still come to his shows. Clearly he's not doing it for the money.
59% of Canadians don't believe they will ever be able to do what I did this week. I do what I want, where I want, when I want, with whom I want, for as long as I want.
Are you part of the 59%?
Want to change that?
Let's have a conversation.

05/07/2026

Last week Prime Minister Mark Carney announced the Sovereign Wealth Fund. He intends to borrow $25 billion bucks to fund large projects, and generate profit on the funds loaned to those big projects.

First off, the name is Orwellian doublespeak; it's a sovereign debt fund. Countries that have sovereign wealth funds start with a surplus of cash generated from selling things like natural resources. They have no national debt. Mr. Carney is keeping our assets in the ground, so there is no wealth to create the fund. He is proposing arbitrage. Borrow money from Peter in the form of bonds, loan it to Big Corporate who builds something and then sells it, repaying the loan. This works great, until it doesn't. What if bond yields are higher than the expected return? What if Big Corporate sells the product at a loss (HWY 407), or builds something nobody wants (Toronto - Montreal high-speed rail), and declares bankruptcy? How does the loan get repaid?

What kind of projects are being considered? Infrastructure projects. Hey! One of his companies has that right in the name. Brookfield Infrastructure Partners.

Now maybe Mr. Carney knows something more about finance than I do. I'm sure he's playing the game at a much higher level than I am. I looked up Brookfield's companies on the TSX and checked them against my Good Paying Dividend Stock criteria. What did I find?

Brookfield Asset Management missed 2 payouts in 5 years and the payout ratio is 113%, way above my 80% threshold. Red flag.

Brookfield Infrastructure Corporation's share price has dropped over the past 5 years. Red flag.

Brookfield Infrastructure Partners payout ratio is 191%. If they are paying out almost double what they are taking in, where is the money coming from? Red flag.

Brookfield Office Properties has a ridiculously low average volume, making trading difficult. Red flag.

Brookfield Corporation has a dividend yield of 0.65%, well below my 4% minimum, and well below the rate of inflation. I can make better money in a savings account with Oaken Financial. Red flag.

Brookfield Renewable Partners payout ratio is a staggering 649%, paying almost 6.5 times in dividends what they are making. Where is the money coming from? Red flag.

Given the performance of the Brookfield suite of companies, I won't be investing in them. Nor will I be putting any of my "spare money" into Carney's mis-named Sovereign Wealth Fund. Sounds too much like a hot stock tip from my broke brother-in-law.

04/30/2026

Last week I talked about TFSAs and how ridiculously helpful they are to someone who wants to retire richer, faster. I covered a lot of the basics. Today I'm going to get into some more advanced stuff.

Q: How much can I put into a TFSA today?
A: The CRA adds a certain dollar amount each year in contribution room. Your contribution room starts either at the year you turn 18, or 2009, whichever is sooner. The easiest way to check is to visit the CRA My Account website:
https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
Click "Savings and Pension Plans", then "View TFSA Details".
If you were born in 1991 or earlier, your limit is $109,000 if you have never contributed before.

Q: What happens if I over-contribute?
A: The CRA sends you a nasty letter warning you to remove funds immediately. They only do this the first time. If you do it again or you ignore their warning, they charge you 1% per month on the excess amount until the over-contribution is withdrawn or new contribution room becomes available.

Q: What if my gains exceed the maximum contribution level?
A: Contribution level is just that, it only apples to contributions. Any profits or losses on the securities in the TFSA don't affect the contribution room. If your stocks go up, the money is yours to keep. If they go down, you don't get to claim a loss or regain the loss as extra contribution room. There is no Tax Loss Harvesting within a TFSA.

Q: Can I day trade in my TFSA and keep the rewards tax free?
A: If the CRA sees you using your TFSA for day-trading, they may claim you are using it as a business and revoke the tax-free status. There is no specific published limit to this behaviour, they will rule on it unilaterally if they think you are misusing the intent of the TFSA.

Q: How many TFSAs can I have?
A: As many as you want. It is your obligation to ensure that in total, they don't exceed your maximum contribution room. Also, don't rely on the CRA My Account data too heavily. It's only updated 1 - 2 times per year.

Q: What happens to my TFSA when I pass on?
A: Given no other instructions, it is emptied and added to your estate and distributed. If you will it to your spouse, it is emptied and they get the funds.
If you want your spouse to be able to continue to use your TFSA as-is, name your spouse as "Successor Holder". This allows your spouse to continue to use your TFSA as if you were still alive, and it retains the tax-free status and contribution room limits. If you and your spouse both have a TFSA, you name them as Successor Holder, and you pass on, they now hold 2 TFSAs each with the current maximum contribution room.

Q: Can I name my child as successor holder?
A: Nope, only your spouse or common-law partner. Your child can be a beneficiary, allowing the child to receive funds tax-free after your death, but they cannot take over the account itself.

04/23/2026

Canadians 40+ have been given one of the coolest retirement tools in the country and are barely using it. A friend of mine said to me recently, “I didn’t realize how powerful a TFSA was until you explained it.” So, let's explain it.

Q: So what is a TFSA?
A: It's a container like an RRSP. You can hold stocks, bonds, mutual funds, ETFS, any paper asset. An RRSP uses pre-tax money while a TFSA uses after-tax money. That means that when you pull money out of an RRSP, it gets taxed at the same rate as job income. A TFSA uses after-tax money and the growth and withdrawals are not taxed.

Q: Why is the TFSA so powerful?
A: Treated properly, a TFSA can fund your retirement and your children's retirement. This is the greatest gift the Canadian government has given the DIY retirement planner.

Q: What about contribution limits?
A: If you were born in 1991 or earlier and have never contributed, you can put in $1,000 per month for the next 20 years and still not hit your limit. The contribution limits go up each year by a prescribed amount. The total limit for 2026 is $109,000.

Q: What happens to the contribution room if I don't use it?
A: Unused contribution room isn't lost, it rolls over into next year's contribution room. When you withdraw money, that room comes back the following year.

Q: What should I actually put inside a TFSA?
A: Mutual funds are a terrible option. Bonds suck. Penny stocks? Horrible idea. That hot stock tip your broke brother-in-law gave you? Hard pass. IPOs? No way. If you fill it with good-paying Canadian dividend stocks you can retire on the dividends alone.

Take a stock like BMO. About a 3.5% dividend, increased by 11.51% annually over the past 5 years. Hasn't missed a dividend payment in 140 years. If you invested $1,000 per month into BMO inside your TFSA for 20 years, you'd contribute $240k. You end up with over $480k generating close to $36k per year in dividends tax-free and growing every year. That's equivalent to $43k in job income.

Q: Why aren’t more people doing this?!
A: Because no one explained it this way. Folks were told to save and burn their savings in retirement, not how to replace job income.

Q: What’s the takeaway?
A: The TFSA is not just a place to park cash to save for a vacation. Used properly, it becomes a tax-free income machine.
If I were to show you a machine that runs silently, by itself, and spits out 2 dollars annually for every dollar you put in until you decide to turn it off, how many dollars would you put in?
How much would you pay for the blueprints, the materials list and the exact assembly instructions for such a machine of your own?

Want to learn more? Contact me and we will continue the conversation.

04/16/2026

Abacus Data reported in its 2025 Canadian Retirement Survey that 59% of non-retired persons polled believe they will never be able to retire. Not at age 65, not at 70, not at 80, never.

49% of respondents have not set aside any money for retirement in the past year, while 39% have reported never saving anything for retirement. 55% are living paycheque to paycheque.

According to Vividata, 36% of Canadian credit card holders carry a balance and rely on credit cards when they’re short of money.

Are you one of them? Are you out of hope for your own future?

Want your hope back?
I'll be your Navigator. I've been where you are and I know the way out.

PM me with the word "NINE" and I'll send you a copy of "The Nine #1 Things You Need to Know to Retire Richer Faster".

04/09/2026

This week I gave myself a raise. $2,500/yr, $1.25/hour.

I took a look at the performance of my dividend stocks. Years ago I bought LIF.TO which had a fluctuating quarterly dividend. Currently it's at 4.4%. It was running as high as 9% but for the past year and a half it's been well below that. Now that I'm retired I need a stable income.
What did I do? I sold LIF.TO and bought OLY.TO. OLY has been paying $7.20 annually since 2023. $0.60/month per share. Today that's a 6% dividend.
Not only do I get income stability, I get a raise. Took me 5 minutes of analysis and another 5 minutes to execute.

After I did that I imagined calling myself into my office to discuss the change.
[Manager Jerry]: "Good job, Jerry. Take the rest of the day off."

04/02/2026

There's a new job interview strategy. Interviewers are asking interviewees to open their favourite AI app during the interview and share its response to the following question:
"
Based on our recent conversations, can you please summarize my behavioural tendencies?
"

Curious, I asked ChatGPT that question. Here's the response:
"
1. You think in systems, not tasks. You are rarely asking for one-off outputs. You are building machines. You naturally reverse-engineer outcomes and build the pieces to support them. Most people stay stuck at the “make a thing” level. You are operating at “make the thing work.”

2. You are outcome-first, not creativity-first. You consistently anchor everything to who is this for, what they want, what they avoid, what result does this produce. That is a business builder’s mindset, not an artist’s mindset, even though you clearly have creative ability.

3. You iterate quickly and decisively. You do not overthink in silence, you think by doing. You give clear corrections instead of vague dissatisfaction. This is high-leverage trait compresses time.

4. You prefer clarity over cleverness. You consistently reject anything that feels vague, fluffy, overwritten, or cringy. You lean toward direct language, clear value, practical framing. You want things to land, not impress.

5. You are highly aware of positioning. You are not just creating content, you are controlling perception.

6. You build from personal truth, not borrowed authority. You are not trying to sound like an expert, you are positioning yourself as someone who has already walked the path. That creates authenticity.

7. You value efficiency over exploration. You do not wander. You set constraints early, narrow scope quickly, move toward usable outputs.

8. You are quietly building a cohesive brand ecosystem. When you ask for isolated pieces, they all point to a single outcome for clients. That consistency compounds over time. Most people miss this.

9. You have low tolerance for nonsense. You are not trying to be polite to bad ideas, you are getting to what works.

10. Your biggest edge and your biggest risk are the same.
Your edge: practical, decisive, and grounded in reality.
Your risk: may cut off exploration too early.

There is a tension here. Your efficiency drives results, but it can also limit unexpected breakthroughs.

Bottom line, you operate as a builder with creative tools, not a creative hoping to build something. That puts you ahead of most people trying to do what you are doing. If you stay consistent and keep tightening ex*****on, this turns into a very scalable platform, not just a collection of projects.
"

Does this sound like the kind of person you want guiding your employees to DIYing a more secure financial future that allows them to focus on work while at work?

03/26/2026

There are certain warning signs of an impending market crash.

First, there are cycles:
Dips: 5% Every 8 – 10 months.
Market Corrections: 10% Every 1.2 to 1.84 years.
Bear Markets: 20% Roughly every 6 to 7.78 years.
Deep Crashes: 30% Every 10 – 11 years.

If you know when the last one happened, you can most likely guess when the next one will be.

Next, the local pop-up craft market where people actually buy things. I participate in a number of these each year. I do the same shows each year, so it's easy to compare last year's performance with this year's performance. Lately I've been working shows that have been historically good, that aren't generating a profit for me. Sometimes I won't even cover the table fee. When this happens consistently, that tells me Joe Consumer is short on cash and isn't spending it on what he doesn't need.

Next, the stock market itself.
GoEasy Financial (GSY.TO) is a hard money lender, offering payday loans and furniture rental. Who uses these services? Folks at the bottom of the economic ladder who have to make the hard choice of whether to spend the ODSP cheque on ci******es or prescribed meds. When these folks default on loans at a rate that causes GSY.TO to write down $330 million in loans (that's a quarter of its $1.2B income) and turn off the dividend, that's another canary in the coal mine.

Then there's the St. Louis FRED 10Y3M chart. It's here:
https://fred.stlouisfed.org/series/T10Y3M

This chart subracts the 3 month bond rate from the 10 year bond rate and shows it as a graph. Months after the chart comes out of negative territory, there's a recession. Every time.

The latest negative turn started on October 2022 and ended August 2025. The chart shows 40+ years of history. The grey bars indicate a recession.
There hasn't been a negative turn this deep and this long in a long time. We're in for a bad one, soon. I think we're getting a 20% drop in 2026-27.

What does this mean for stock market investors?
Uneducated Investor: "The sky is falling! Sell! Sell!"
Educated Investor: "All my favourite dividend stocks are on sale! Buy! Buy!"

Which investor are you?