Monday, 5 October 2020

Have My Cake and Eat It Too

So, with the focus back on building up my savings and investments, I am pondering, once again at how to best move ahead . . . once The Homesteading Process has begun.

The original plan was to max out my TFSA, then start some other savings account (or other investment account) and build that up until my Savings Target has been met.

Now, I am wondering (again) if I can somehow start this homestead/town, without touching the contents of the TFSA.

Perhaps I could just draw out of the TFSA the dividends from the investments that are in there and not touch the investments themselves.

A bit of (and I mean a bit) of income coming in every three months might prove handy. 

Then again, the amount of dividends coming out of it may not be worth it . . . and that cash could prove handy in starting the Homestead/Town.

Thankfully I have a few years to figure that out as I have to first build my savings before I spend them.

This is why I simply focus on what I am doing at this moment and not the details of the end game or what is supposed to happen in a few years.

Far too many things could happen between now and then . . . and will.

All I can do is: Dream for the Future, Plan for the Mid-Term, but work on the Now!

As always: Keep your head up, your attitude positive, and keep moving forward!

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