Our Financial Freedom Journey

[@duper1025]

This is hilarious!!! I did many of the same things, just later in life! I also put down a large down payment on a house, became mortgage free in 13 years and sold it and went back to renting. Life is so much easier and wealthier when renting…unless you are someone that enjoys yard work. I’m in my low 50s and have built up a pretty good investment portfolio of $800k and will make a little over $34k in dividends this year. My focus is to continue to increase my dividend income then retire at 55-57. Congratulations on finding the secret much earlier! Love you channel and investing strategy!!

[@PassiveIncomeInvesting]

Yay ! I’m not the only one !!! Good job !

[@amazingstar144]

One of the main reason why your KZbin channel is so successful is because you are so honest and show all your investments and journey openly and freely. This is taking you to greater heights. God Bless.

[@GauravAggarwal1]

I really wish every student in high school sees this video. Great summary with extremely useful tips!

[@CoveredCallETFInvesting]

My man I can't tell you how timely watching a video like this it is for me. Been contemplating making a my story video for awhile and randomly I decided to binge some of your oldest videos and stumbled upon this one. Got some awesome inspiration from this. I feel a collision course collaboration won't be too far off, lots of stories to swap and share with the community we are a part of. LOL cookies in the face!!

[@alro8345]

Love the video, great achievements, all the best to you both Adriano & Erica 🙏

[@djBC10000]

I am very glad you guys worked together as a team on these goals :)

[@PassiveIncomeInvesting]

Thanks for the support! Our goal is to share our progress and empower others !

[@Michael-ke8on]

Congrats to you and your wife, Adrian. Fellow 29-year-old Canadian here. I'm guessing you're Italian as well? Thanks for the video!

[@PassiveIncomeInvesting]

You guessed right! Thanks man, good luck!

[@marksmith-xo3ul]

All high school, college, and young adults should see this video - great strategies, habits, financial intelligence that all need to secure financial independence. Great job and great discipline. and thanks for sharing.

[@queenieguerra8351]

Great inspirations! We are working on being financially free soon and helping people to achieve it . Thank you for sharing !

[@PassiveIncomeInvesting]

Best of luck!

[@Innovatell]

Awesome video! Very happy you did this and also very happy to see you’re sharing your knowledge. Amazing work!

[@PassiveIncomeInvesting]

Thank you! This channel is a fun project for us, we're learning on the fly. It's all about sharing the knowlegde , helping people feel empowered about finances and life!

[@jmleon92]

Keep it up. Your channel is going to blow up. This is good content!

[@PassiveIncomeInvesting]

That's motivating! Thank you!

[@NatePolmateer]

Great job Adrian, you have made some wise decisions along the way! One car for a long time is smart! And 29 WOW.

[@lildrummaboi49]

Amazing! I know you guys will find much success on KZbin and in your future! I subscribed. Thanks for sharing your journey and inspiring us all!

[@PassiveIncomeInvesting]

Thanks so much!!

[@DividendIncomeBloodhound]

You’ve been on such a mission well done! Great combined income you have too

[@PassiveIncomeInvesting]

Thanks so much! 😊

[@pchan4267]

I have started my Passive Income Investment after reviewing to your various powerful videos . Feeling good for much better diversification.

[@PassiveIncomeInvesting]

Good job! keep going to get that easy passive income

[@simranjotsingh8664]

Hi Adrian , To be honest i am using KZbin for last 6 years and After watching this video i fell like i should right my first comment on KZbin :-). such a motivational and inspiring journey . I highly motivated after watch this video . I am 23 year old and i am glad i watch this video in my mid 20s . really looking forward to watch more informative videos. Awesome work Buddy!!!!!!!!!!!!!!!!!

[@PassiveIncomeInvesting]

Happy to hear you’re inspired , thanks for the positive vibes . Now go make that money , get out of debt ASAP and invest as much as you can as fast as you can , then freedom

[@simranjotsingh8664]

@@PassiveIncomeInvesting Thanks buddy. Luckly I never had any student debt because I paid off by working in summer. Now I recently start investing on wealthsimple app after watching your videos on KZbin 😊😊😊😊

[@Saahib_K]

I was looking at your portfolio sheet, and its amazing how the dividends just knocked the 34k capital depreciation in 2020 out of the park. Wow! Nothing can be more peaceful and calming than that. Bravo, very inspiring journey. Thanks for sharing.

[@protocolesante]

I love it!Realistic plan , pure hard work and wise moves good job and congrats for your journey!

[@PassiveIncomeInvesting]

Make sure to watch the updated video 😉

[@longhorn789000]

Love Canadian focused content!

[@SJ-ze8qq]

Heartiest Congratulations!! Adrian & Erica.

[@sidb9540]

Bro! It is INSANE how much yours and my life to financial freedom compare as I started EXACTLY the same year and went through the same phases as you did ( career wise, not personal life wise).. I made some money in forex but not much.. invested in real estate instead of stocks... now I'll be starting to invest in stocks that pay dividends instead of actively trading.. hoping to become the same as you in about 10 years..

[@PassiveIncomeInvesting]

Great stuff ! Do it

[@jaxwylde2139]

Congrats to both of you. You've got a lot to be proud of. My wife and I are on similar path, although we're a bit older (ok...more than a bit older, but who's counting...I still feel like I'm 30). We could probably retire now (from our investments alone), but I want to pay off our mortgage, like you guys did. We've still have a few years to go, because we upgraded in 2015 (moving from small home in Brampton to a much larger home on 3 acres in Caledon). If we had stayed where we were, we would have already been mortgage free, but we don't regret our decision. In fact, after all the lock down orders, it's great to be able to go for a walk without seeing anyone...LOL. Cheers!

[@PassiveIncomeInvesting]

Good stuff , I agree pay off that mortgage quickly ! You’ll feel great trust me .

[@tcmazz]

Hey Jax, we should form a local group for passive share holders. I'm still in Brampton - Professor's Lake and probably about the same age as you. Just started switching more of my nest eggs into dividend paying stocks fed up with the ups and down of the markets.

[@erwinsantiago2118]

Excellent summary of your life, thanks for sharing that.

[@yuribaikanov7564]

Very impressive! Keep doing what you’re doing guys. I recently started my investment journey and I found your channel very helpful. Thanks Adrian!

[@kaizenva]

Thank you for sharing your journey. You are truly helping people by revealing the very realistic opportunities in front of them. I'll be sure to reach out to you once I've achieved FIRE and Passive Investing success.

[@PassiveIncomeInvesting]

Slow and steady wins the rat race

[@investorsingh6734]

what a great video thank you for sharing and good luck with future success

[@PassiveIncomeInvesting]

Thank you! You too!

[@CalabashBrother]

Thanks so much for sharing your investment journey! A lot of stocks you recommend to buy are under my radar too. I have been trading tech stocks quite frequently, a few transactions very month for three years. I didn't make any money because I buy more when price is going up and sell when price is going down. The up and down of stock market makes me frustrated. I very much look forward to switching to your passive income strategy so I can sleep well and concentrate on work instead of peeping the stock prices all the time.

[@PassiveIncomeInvesting]

I totally get you... i tried making money this way years ago and luckily i always made $ and never lost any (overall) but its really not worth the hassle, time and stress. If you love Tech i got 2 perfect ETFs for you. Just buy them and hold them forever. They only hold tech stocks and the ETF manager sells Covered Calls to boost the income of the funds Stock Symbol: TXF: www.firstasset.com/solutions/overview/?fund=CI+First+Asset+Tech+Giants+Covered+Call+ETF+%28CAD+Hedged%29 Stock Symbol HTA: harvestportfolios.com/etf/tech-achievers-growth-income-etf/ The main difference between the two is that TXF pay the dividend every quarter and HTA pays it every month. TXF however, does have a slightly higher dividend Yield. I own both of these :). Very easy way to make consistent income with Tech stocks Sleep well my friend

[@CalabashBrother]

​@@PassiveIncomeInvesting Thanks for your recommendation. Anticipating to see more good videos from you to explain covered calls, split corp. It would be great if you can go deep to financial report when you recommend a particular stock. Not confident to buy a stock if not knowing its industry's future market and its financial situation.

[@PassiveIncomeInvesting]

Yes! new video on covered calls ETFs : kzbin.info/www/bejne/jXvCknZjmrKVftU more to come i the next couple of week

[@DistantKingdom]

Awesome! I'm just starting out with investing and this was very insightful so thank you : ) is it best to max out the TFSA first and then continue buying dividends in a cash account?

[@PassiveIncomeInvesting]

Yes exactly

[@DistantKingdom]

@@PassiveIncomeInvesting ok. dividends are taxed in a cash account so is there an optimal strategy to hold certain investments in certain accounts to minimize tax? or does it not really matter?

[@CanadianFinanceSimplified]

@@DistantKingdom How'd your progress going - 9 months later? I wonder what you ended up doing since it depends what your goal with the dividends are. There's also the RRSP to max out.

[@deanoudhini7292]

Appreciate your honesty! Great Job Hello from Laval:)

[@ivanilnicki6345]

Man thank you for sharing you motivate and inspire us all!! So helpful to hear from a real normal person and family that has made it!!

[@PassiveIncomeInvesting]

You can do it too!!!

[@MegsCarpentry-lovedogs]

You both were wise beyond your years! Being so young yet deciding to live frugally and learn how to manage your finances. Yes, it is quite a journey isn't it. I can totally relate. What a lovely presentation in sharing your journey of a lot of do's and only a few don'ts Thank you Adriano.

[@PassiveIncomeInvesting]

Make sure to check out the updated version of this video 😉

[@MegsCarpentry-lovedogs]

@@PassiveIncomeInvesting Okay. 👍😊

[@MegsCarpentry-lovedogs]

@@PassiveIncomeInvesting Done and dusted and added another comment as well. "If you don't make money while you sleep you will have to work until you die!" LOL...good one Adriano!

[@ChannelDane]

Thank you for sharing your journey! It is inspirational.

[@pandabossanna]

Great inspiration! I am still watching but it would be good to know more about what you guys did for side hustles etc !

[@PassiveIncomeInvesting]

Thanks! We mostly took on call duties at work. (IT consultant) and flipping goods on eBay.

[@CanadianFinanceSimplified]

Checking out this channel and loving the journey!

[@PassiveIncomeInvesting]

Thanks ! Make sure to check out the updates code 😉

[@CanadianFinanceSimplified]

@@PassiveIncomeInvesting Updates code? Tell me more!

[@PassiveIncomeInvesting]

Updated video *

[@delliott777]

I'd love to see an update video on this, or add some more slides at the end and publish. Great work. You should be proud.

[@kienngo6252]

Great Video. Enjoyed looking into your progress.

[@nadonadia2521]

Great video thank you for sharing your experience, very inspirating.

[@pianotop5s848]

What an inspiration!!

[@PassiveIncomeInvesting]

Thanks man! Top Piano skills you got! Keep it up 👍

[@vanyakabakova9536]

Thanks a lot for the great video :)

[@PassiveIncomeInvesting]

Thanks for watching!

[@jamesgu1467]

Adrian, I'm watching more of your videos. Thank you for sharing your journey to financial freedom. This is very inspiring! Which Canadian city are you in?

[@PassiveIncomeInvesting]

Mtl !

[@jamesgu1467]

Cool! We are in Toronto, and have somewhat similar progression steps as you. It would be great if you could cover some tax efficiency tips…:)

[@rajuthan]

Great story and thanks for sharing! Keep it up :D

[@PassiveIncomeInvesting]

Thank you!

[@MGMG-sz6ij]

that's awesome man :)) thanks for sharing and God bless

[@gandmemoney]

Very impressed

[@PassiveIncomeInvesting]

hey guys! Hit this link to our Entire Stock Portfolio detailing all the investments that earn us $1000 + a week in Dividend-Paying Passive Income: gumroad.com/l/ZklKJ

[@iskrazamalloa6171]

Thanks for the video and advices Adrian but also I felt terrible watching this, I am 38 (first time Mom), who got a brand new 0km car on 2020 🤦🏽‍♀️ and now have a debt of 60k with a husband killing himself 10hrs working. What should/could do? Someone suggested to sell back the car to dealership, and get a line of credit, and pay off that car with less interest. So, after that we could be able to start saving for our house downpayment. That I believe now, I'll take many many years. Oh god! I feel bad 😞

[@lgmacedoj]

Hi Adran. Congrats and very impressive for this journey with Erica. I just follow you last Friday and already check you strategy and is something I am looking forward for me in the future. My age is 45 and I am guess I will have to be more aggressive in my investments ( what do you think). I am checking all your videos to get more knowledge and follow these streategies from you. Hope you are ok and safe.. Thank you

[@PassiveIncomeInvesting]

No need to be aggressive 😎 all you need is passive income

[@joshnathan85]

Great video 👍

[@wernerschonenberger7668]

Great video! Thanks for telling your story and congratulations on your big success! 👍👍👍 Just a few questions: when you were building your passive income portfolio did you do reinvest the dividends in the stock/fund or did you buy new positions? Do you rebalance? Did you reinvest on a regular (monthly, quarterly) basis or did you wait for discounts? Thanks

[@PassiveIncomeInvesting]

Thanks 🙏 I invest regularly every month still to this day and will continue to do so ... waiting for discounts = timing the market and I don’t believe in that at all . I don’t use the drips , so I reinvest into new positions (or add to existing ones) whichever ones I feel are better value

[@jason4430]

Hi - thank-you for taking the time to share your financial journey. It is a very interesting video. I did not understand one thing with your slide on 2019...It says you had "...mostly dividends ($12K)" however, the next line says "$4300/mth from dividends alone". $12K a year = approx $1k month in dividends...Sorry, what am I not understanding? thanks

[@PassiveIncomeInvesting]

In that year , 12k of the 15k profit from the stock market were dividends

[@travelthis]

Very motivating 🤟

[@PassiveIncomeInvesting]

Thank you 🙌

[@annjean8709]

Congratulations on your great accomplishments! This was a phenomenal video! Thank you for sharing. Do you do personal investment consultation? If so, how do I get in touch with you? Thanks in advance.

[@jt4621]

Exactly what side hustles did you use for extra income? I’m trying to figure that part out for myself.

[@PassiveIncomeInvesting]

Flipping on eBay . Back then it was easy . Now it’s hard . But there’s alot of other stuff

[@PeterKalu]

I'm curious, what made you move from owning a condo to renting one - albeit on a 2-yr lease? Is it that it's financially frugal to rent than own?

[@PassiveIncomeInvesting]

Financial freedom

[@PeterKalu]

@@PassiveIncomeInvesting so, it was ultimately better financially to rent than own? Not many hold that belief.

[@PassiveIncomeInvesting]

For me it was , because my rent is basically free . It wasn’t an income producing property . Owning a condo is like owning a growth stock with no dividend. You only make money when you sell it. Id rather own assets that provide Income and don’t give me any headaches , but that’s just me

[@PeterKalu]

@@PassiveIncomeInvesting good take, man. Thank you for your responses. I do kind of share the same view, although the dynamics change when you have a kid. That said, bought me some DFN and plan to add ENS to the list.

[@evanwalters6574]

Hey Adrian, great vid. I'm currently an active value investor switching to the passive income style on your channel. Do you find that you make more returns through the active or passive income dividend investing style? Main inspiration for my transition in investing style at the moment is due to less time to valuate companies actively, and I think if I just focus on my career my company will reward me higher for that time. Passive income investing is easier it seems. Thoughts?

[@PassiveIncomeInvesting]

switch to PII for a year and see how it goes :)

[@thanhomerae]

A normal Canadian successful life story.

[@AnkitaSingh-sn3vn]

Thanks :)

[@nickfifield1]

A couple questions. a) whats the size of your portfolio, you mention a $4K / mth income,... b) You mention buying new stocks... what are you using for capital? another source of income?

[@PassiveIncomeInvesting]

See my video ! And my playlists . I have portfolio unveil videos every month . Also see my updates financial freedom journey video

[@andrewd5135]

Hey what if i invest instead of paying of my mortgage? would that be a better strategy?

[@PassiveIncomeInvesting]

that's what we call a "million dollar question" :)

[@SunnyUBC]

Hey Adrian - What kind of life insurance policy did u guys get - term, permanent (par) or combination of both? Wanted to see if u guys got any permanent policy on its benefit of tax free dollars. thanks!

[@PassiveIncomeInvesting]

combo of both Both 75k Whole, 200k - 20 year term

[@gulraizhanif]

how come paying off mortgage early is a good strategy? you have to pay around 3-5% interest on mortgage, while you can easily earn (as per your recommendations of covered call dividends and split corp) 10-12% in dividends. So technically the cost of borrowing is less than returns and eventually you have more disposable income.

[@PassiveIncomeInvesting]

Psychological benefit , life is not about numbers all the time …

[@kng2003ca]

Hi Adrian, great info. What is the automatic withdrawal percentage% from your RRSP every month? Would you get 10% withholding tax every time you do that? do you do that mainly for monthly income? or to supplement your passive income?

[@PassiveIncomeInvesting]

I don’t withdraw anything from my rrsp . You should only do that much later on

[@BrokenStatues7]

Great video! Curious what car you got that you regret?

[@PassiveIncomeInvesting]

Infiniti fx35. Love the drive and look. Especially since they don't make the FX models anymore, but would prefer more fuel efficiency.

[@victoryguy123]

What does RRSP automatic withdrawal mean? Can you send me link or upload another video explaining that? Rrsp withdrawal seems be to be very costly affair - almost leading to double tax(withholding tax and personal income tax)

[@PassiveIncomeInvesting]

?? Not sure what you mean . You should never withdraw from an rrsp

[@neiljohnson7914]

The withholding tax is not on top of the regular tax. Once your tax owing for the year is calculated, the withheld amount is subtracted from it since you already paid it. I'm not sure why Adrian didn't correct you on that point. The automatic withdrawal is not what you take from the RRSP, it's what you put into it.

[@renzenker2526]

It took me quite a while to realize you sold your home to fund your passive income investing lifestyle. Personally, I would never consider that being financially free paying rent for the rest of my life.

[@PassiveIncomeInvesting]

To each their own . It works perfectly for us

[@rhythmandacoustics]

Do you work in sales?

[@PassiveIncomeInvesting]

No, I work in the IT Field

[@joekuul8769]

Curious about your decision to sell your condo and then lease, after all the effort put in to pay off your mortgage quickly. Was it just because you needed that extra 80K, or so, to get you where your wife could quit her job? Because now you've presumably got $1500-$2000 per month going to rent. Still plenty of money left over monthly, but it's just interesting to me, as it would seem you could have just lived on the dividends from an amount 80K less, and still owned your condo. Anyway, thanks for the interesting videos. I'd never heard of covered call ETFs. I've always been a capital appreciation guy, turning my nose up at income strategies, but my wife is tiring of her job, too, so I'm investigating alternatives.

[@PassiveIncomeInvesting]

To become financially independent ! Our rent is freeeee 😎

[@unnecessary982]

@@PassiveIncomeInvesting so u sold the house for 88k plus 6.8+26.5 =33k = 121k in total?

[@PassiveIncomeInvesting]

88k was the profit . Total was 450k

[@joekuul8769]

@@PassiveIncomeInvesting Thanks for the replies in this thread. Are you living rent free, or are you just considering it "free" because you're covering it with "free money," so to speak? Anyway, I'd failed to incorporate the whole amount from the condo sale into the calculation (for some reason, I was thinking you already had 500K-ish invested in your various funds). This is a dilemma, how best to unlock home equity for potential investment.

[@PassiveIncomeInvesting]

Considering it free if course 😎

[@ronbaltus1092]

Did you have to claim the money you made trading stocks?

[@PassiveIncomeInvesting]

Of course

[@BadWeatherfreak]

What kind of work you guys have?

[@KaHHaRiaN]

Wouldn't it have been better to pay the minimum mortgage payment and invest the rest instead of putting so much into the mortgage?

[@PassiveIncomeInvesting]

Lol great question . The official Dave Ramsey order is to pay your house first . Either way , both good decisions

[@ShanyGolan]

Need an update since 😃

[@kng2003ca]

do you still drive one car? what was the luxury car you bought in 2014? just knowsy..:)

[@PassiveIncomeInvesting]

Lol yes still the same car ! I take good care of it . It’s a 2008 fx35

[@2011betterman]

I am late, have to all in amc

[@PassiveIncomeInvesting]

Lol please don’t

[@danielchannel6708]

How did you get past the fear of giving up a weekly paycheck to live off investments?

[@PassiveIncomeInvesting]

Passive income 😎 … and you can get another “job” anytime you want

[@goldman1195]

so if you sold your condo with a profit of 88k and 15g from active investing and 200k from your prior investments it ends up around 300k by 2020. but you mentioned you have 620k invested? where did the other 320 came from? sorry dont mean to be rude, the math just dont add up or Im missing something.

[@PassiveIncomeInvesting]

If you must know the info is the video about our financial freedom journey. We sold our condo and invested a chunk of it. Other than that we invested most of our disposal income throughout the years.

[@neiljohnson7914]

His profit was 88k, not the entire amount he sold his condo for. LOL