Podcast #13 – FI Garage Approved Drinks

Show notes for episode #13 In this episode, the Mechanic, the Accountant, and the Economist discuss a listener email and ponder some FI approved drinks. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.
*These show notes include referral or affiliate links – donated by an asterisk. Thanks for helping to support the podcast!
Beer #1 – Radler made with Lucky Lager [1:30] Lucky Lager WAS brewed in Victoria until 1982
Useful Financial Product [5:05] Koho (Visa)0.5 percent cashback
Our referral code is OXQM6GDT*
The signup bonus is an additional 1 percent cash back for your first 90 days – not much of a deal.

Stack (Mastercard)special offers
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You get $20 for signing up – not bad! – and we get $5.
Pre-loaded credit cards
Not a credit builder
Scotia SCENE debit card [6:57]
Segregating spending [8:50]
Non-Registered Accounts [9:40] Shout out to Trevor for suggesting our topic [9:30 & 10:20]
Disclaimer! [10:00]
You’ve maxed out your registered accounts, now what? [11:20]Interest-bearing investments are the least efficient form of investment income to earn in a taxable account [11:35]
Interest-bearing investments and foreign equities should go into tax-advantaged accounts.

Canadian Equities and Canadian ETFs are the best investments to hold in non-registered accounts [12:48]
Is paying off your mortgage a good use of your dollars when registered accounts are full? [13:20]
Start executing a Smith maneuver [14:07]Maple Money’s Make Your Mortgage Tax Deductible With the Smith Manoeuvre, with Robinson Smith
Smith maneuver web site
Explore FI Canada’s Megan from Victoria, BC | Using the Smith Manoeuvre to Achieve FI

RESPs [15:30]
Look at your portfolio as a whole [16:45]
Consider talking to a financial planner or tax professional [18:00]
Consider a real estate investment [20:35]
Gold or other Alternative Investments [22:35]
Canadian dividend-paying stocks [24:00]
Joint-Accounts [28:28]
Beer #2 – The Money Mechanic’s FI Garage Dry-Hopped Ale [26:00] FI Garage Approved Drinks [30:05] Water [30:18]
Homebrew [30:45]about $2 per Litre

Homemade Apple Cider [33:30]$1 per Litre

Mix your own Hi-Balls [36:40]$1 per Drink

Un-approved: Premixed Drinks [36:57]
Make your own Wine [38:00]$3 per bottle

U-brew Facilities [39:00]
Quit Drinking [40:27]
Reading List The Greater Fool’s The Other One [28:37]