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In this book I will show you how I built my TFSA from $10,000 to over $100,000 in just under 23 months. I hold nothing back; I will show the stocks I currently hold as well as the stocks I recommend holding within your TFSA.
After reading this book, you will consider you will no longer consider your TFSA as a savings account and instead you will consider it as an investment account! An investment account that can create genuine lasting wealth for you and your loved ones.
As a Canadian you have an amazing opportunity to build wealth tax-free. Over eleven million Canadians now have a Tax-Free Savings Account. This is from a population base of about twenty-two million citizens that are between the age of 20 to 65. This tells us that about half of all Canadians between the ages of 20 and 65 have a TFSA.
Most Canadians know what a TFSA is; we all know that saving is a good idea. Yet, about 4.5 million people that opened a TFSA did not contribute in the last year. That means a full 40 percent of Canadians that have a TFSA, did not contribute in the past year! Only about 1.8 million Canadians max out their contributions for the year.
This tells us that a lot of people like the idea of saving. Many go to the trouble of opening their account but then never use it. In fact, almost a million Canadians closed their accounts in the past year!
Obviously, there are many who are unable to take advantage of a TFSA for many reasons. The purpose of this book is to help you, inspire you and guide you towards acting in the right direction. This book will give straightforward, diligent strategies that, if followed, will make you wealthy. There is information for both beginners and experienced investors. Don’t delay, start the new year off with a bang and order your copy of The Million Dollar TFSA today!
Included Content:
• Having an investor mindset and learning the basics of how TFSA’s work.
• Understanding the power of compound returns.
• Avoiding bad advice.
• Where to get valuable investment information.
• Diversification.
• Market Timing.
• Evaluating Individual Stocks.
• Escaping Investment Traps.
• Conservative Investments.
• Getting started correctly.
• Investment Returns Tables.
ASIN : B077VTRZBK
Language : English
File size : 1.0 MB
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 87 pages
Page numbers source ISBN : 1973438879
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The Million Dollar TFSA: How to Build a Tax-Free Fortune
Original price was: $11.17.$9.99Current price is: $9.99.
8 reviews for The Million Dollar TFSA: How to Build a Tax-Free Fortune
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Kindle Customer –
Great book
I can relate to the writer who did not had basic training and how he developed the skills and trained himself to achieve his goals. Its a great book as it describes first hand experience on how to develop financial freedom and achieve a million dollar TFSA.
Brian –
Good starter but the story is not finished.
The overall rating is really 3.5 stars and I hope that this will be reflected in my review.Initially I found the size and print format disappointing. At 7″ x 10″ with 82 pages featuring large type double spaced it appears to be attempting to be more than it is. The author does a good job explaining that the TFSA is an investment tool, not just a bank account and why this is important to your retirement planning. He emphasizes the need to be responsible for your own financial future and not to rely on packaged financial products that benefit the banks and other financial sales institutions. He then takes you on his journey in acquiring initial start up funds, opening the TFSA and what stocks he chose and why. His method is aggressive as he chose to invest in Cannabis producers prior to the pending legalization in Canada. His research methods are sound but may not be obvious to the first time investor. He references a few prominent investors, (Buffet and Lynch) and if you have read up on their methods you will better understand what he is doing. His success in growing $10K into over $100k in about two years is astounding and not likely repeatable for many. He was wise to get out when he did and preserve his gains. He identifies other industries or products to invest in if Pot is not your thing. His lesson here is to invest in what you know, do the research, be patient and you will be successful over time (aka The Buffet Way). But it is here that we are left hanging and why I feel that the story is unfinished. How does he get to One Million Dollars. What have been the effects of the last two years on his portfolio. What is he investing in now? A website or YouTube resource would be a good idea as the journey continues.There is a lot of good information in this book so read it 2 or 3 times and you will be surprised what you missed the first time. Patrick you need to continue the story.
Marcel Lavigne –
Misleading title.
The title is misleading. The author explains how he hit a home run with one of his investments so good for him. But the rest of the book is a description of how to use a TFSA, information available on most bank web sites. Even with the author’s good luck, you would need to hit a home run on your stock selection every year for many years to make it to a million dollars.
Amazon Customer –
Pretty Basic info and not repeatable
This book was pretty basic and wasn’t super informative. This guy got lucky on a stock purchase and thinks he is a stock whiz now. I hope he got out of the cannabis market before it caught up to him or the $100,000 tfsa is likely worth about $1000 today. There is some basic sound info regarding saving and the benefits of using your tfsa as an investment account but beyond that not much useable/ repeatable info here. There are much better books out there.
krista williams –
Good reading in simple language
Enjoyable book with some good tips. Easy reading and written in layman’s terms so very easy to understand. Well worth the read.
Randy Holmes –
A good read and starter on TFSAs
A great starter on TFSA’s. Got my starter going based on this.
William Dominic –
Garbage
The book was complete garbage. He doesn’t talk about how to use the TFSA to invest, all he talks about is weed stocks. Horrible buy, so thankful for the return and getting my money back!
Kevin Benoit –
Not the best book on the subject
I’m glad this book was only five bucks. Its message is solid: contribute regularly to max-out if you can, your TFSA. Buy solid ETF’s or companies in Canada’s top 30 blue-chips when they’re on sale. Then wait. Take advantage of DRIP’s. He made money speculating on pot stocks. This is really bad advice. If you want to know how to safely invest for the long-term in your TFSA but the book “Beat the Bank” by Larry Bates. Far more credible author with better information.