Tag Archives: Family

Governments urge citizens to stock food and emergency supplies in 2026, featuring Canadian, American, EU and British flags, food reserves and a 30-day household preparedness plan.

Why Are Governments Around the World Telling Citizens to Stockpile Food and Supplies?

Governments around the world are increasingly encouraging their citizens to maintain emergency supplies of food, drinking water, medicine, and other essentials.

From Sweden and Norway to Germany, the Netherlands, and the European Union itself, the message is becoming remarkably consistent: households should be prepared to survive independently for at least 72 hours, and in some countries considerably longer.

Some governments are explicitly discussing the possibility of war. Others emphasize cyberattacks, natural disasters, infrastructure failures, and disruptions to global supply chains.

Whatever the motivation, the underlying message is worth considering.

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OAS Deep Dive Canada infographic featuring Canadian retirees, Parliament Hill, Old Age Security eligibility, payments, taxes, OAS clawback and retirement planning.

Old Age Security: What It Pays, What It Takes Back, and Whether It Follows You

The Benefit Everyone Gets and Few People Understand

Old Age Security is the retirement benefit Canadians are most sure they understand and least likely to have read about. Most people know it starts at 65 and that it is “small.” Fewer know that it is earned by residence rather than contributions, that you can be paid more for waiting, that high earners hand part of it back through the tax return, that it can stop 6 months after you leave the country, or that it has no survivor benefit at all.

My thesis is simple. OAS looks like the easiest piece of the Canadian retirement system, but the three decisions that move real money (whether to delay it, how to keep the clawback from eating it, and whether it follows you abroad) each depend on rules most people have never read. A fourth question has now joined them: whether the income thresholds that trigger the clawback will come down. That is a live policy debate, and anyone with a six-figure retirement income should have a view on how exposed they are.

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Why High-Income Canadians Still Don’t Feel Wealthy

Earning $200,000 a year sounds like financial success. But a high income, substantial net worth, and genuine financial independence are three very different things.

Canada has plenty of households earning what most people would consider excellent incomes. They own attractive homes, drive good vehicles, take family vacations, and contribute to their retirement accounts.

Yet some of these same households feel surprisingly little financial freedom.

How can someone earning $200,000 or $250,000 annually still feel financially constrained?

The answer isn’t necessarily reckless spending. It’s often the difference between earning money, accumulating wealth, and building assets that provide genuine independence.

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Live 50 Lives Sovereign Canadian illustration featuring travel, entrepreneurship, multiple income streams, international lifestyles, financial independence and personal freedom.

Live 50 Lives

One post from Matt Bertulli, called Live 50 Lives, hit close to home for me, and I want to work out why. Motivating, aggravating when I think of the opportunities I passed on, and ultimately thought provoking.

Bertulli is the co-founder and CEO of Pela Case and Lomi, a co-host of The Operators podcast, and the author of a free weekly newsletter for founders called No Competition. On his website he says he sold his first company after bootstrapping it past 100 employees over ten years.

The post in question is called Live 50 Lives. It’s free, though you’ll need to subscribe to his newsletter to open it. I’m not going to reproduce it. I’ll give you the gist, then spend most of this post on what I think about it. This came to me through his email list – one of the few I actually read – but I wanted to find the actual post to share with you. So I recommend putting in your email address…

The Idea in Brief

It opens with one line: “Be the 85 year old who’s lived 50 lives.” His argument is that most people get life backwards. They choose a lane in their early twenties, hold it for the next sixty years, and call that discipline. What they end up with is one life stretched thin, when they could have had many distinct ones stacked on top of each other. His alternative is to treat a life as a series of seasons, each different from the last, and to be willing to trade the comfort of the current season for the unknown of the next.

He adds two things I found more interesting than the headline. First, he thinks this is the best time in history to be a builder, because AI has cut the cost of starting things so sharply. Second, he says the only reason that holds up over decades is curiosity. Not hustle culture, not whatever an algorithm happened to reward, not an idea of what successful people do. Money, status, and even a big sale eventually stop being enough. Curiosity doesn’t.

Why It Landed

This site’s tagline is Build Wealth. Build Optionality. Build a More Sovereign Life. Seasons are optionality across time. Flag theory is optionality across geography, the idea that where you live, bank, and do business can each be a separate choice. The components of personal sovereignty are about the same thing from another angle: having enough control over your own life that you can say yes to the next door when it opens.

The default Canadian script is a single lane: school, a career with one or two employers, a mortgage, a pension, and a retirement date. Nothing about it is wrong, and plenty of people are happy in it. But it’s a lane you were handed, and Bertulli’s point is that you can choose differently, and more than once.

What the Seasons Look Like Here

This publication has been through a few seasons of its own over the past several months. Looking at the publishing calendar, it runs from tax and registered accounts, to foreign real estate and medical tourism, to flag theory, to buying a business, to country-by-country expat guides, and lately to Canadian stocks. The cottage is the clearest personal example. I put it on Airbnb and wrote up what the first summer looked like. If you want a map of the business-building seasons, the closest thing here is the post on whether to optimize, acquire, or build a side hustle, along with the comparison of buying a business versus real estate.

Ask Yourself

Bertulli’s claim that the excuses are gone is strong. AI really has lowered the cost of making things, and I have no quarrel with that. But has it lowered the cost of earning trust, finding customers, or carrying a mortgage while you try? The same technology has a (albeit much overblown) darker side too, which I worked through in Will AI Kill Us All? Bertulli also writes as someone who has built and sold companies, so risking everything costs him something different than it costs a professional with one income, kids, and a house. The usable version, I think, is to risk what you can afford to lose so you’re still standing for the next season. Fifty lives requires surviving the first ten.

That’s why I like having a floor under the risk. A coast FIRE number, which I covered in Coast FIRE in Canada, is the closest thing I know to one. Once your retirement is mostly funded by compounding alone, you can take a lower-paid or riskier season without borrowing against your future.

Fifty is a number, not a plan. By his own account, Bertulli’s first company took ten years of bootstrapping, and he’s now leading two companies at once. Some of his seasons are evidently long and deep. That’s an important qualification to the slogan. Depth in one thing is how most people build the capital that lets them try the next, so I read the idea as permission to change rather than a quota to hit.

A third thought is a Canadian one, and it’s the part a post aimed at a global audience wouldn’t cover. Stacking lives gets expensive if the structure is wrong. If one of your seasons ends in a sale, the lifetime capital gains exemption can make selling shares of a qualifying small business very different from selling a stock portfolio, which means a decision made in season one can change what you keep in season three. If you buy rather than build, the difference between an asset purchase and a share purchase matters on both sides of the table. And if you run more than one venture, it’s worth understanding holdco and opco structures before you need them. None of that is exciting, and all of it is cheaper to sort out early.

The Part He’s Most Right About

Curiosity is the only reason that survives a long run. Hustle burns out, status shifts, and a big exit leaves you asking what’s next. A season you entered because you wanted to know what was behind the door is one you can keep going in when it gets hard.

He’s also right that the permission problem has largely disappeared for media. You can reach an audience without asking anyone. The Canadian version of that season is something I looked at in the post on faceless YouTube channels in Canada. The cost of a failed season is low when you’ve kept your fixed costs and debt under control, and that’s the quiet link between the exciting part of this idea and the boring financial work underneath it.

What I’d Actually Do

  1. Name the current season in one sentence and write down what would end it. A season with no exit condition quietly turns into a lane.
  2. Build the floor before the leap. Know the number that lets me take a bad season without panic, and keep fixed costs low enough that a failed experiment is a lesson and not a crisis.
  3. Sort out structure with a Canadian accountant before the first real profit, not after a sale. Corporate structure and share ownership are hard to fix retroactively.
  4. Price buying against building before committing to either. They’re different seasons with different risks.
  5. Keep one small, cheap experiment running at all times, so the next season has something to grow from.
  6. Read the original and treat it as a prompt, not a plan. Decide which door I’d actually walk through, then work out what it costs to enter and to leave.

Seasons are a good way to think about a long life. The Canadian addition is to pay attention to what each one costs on the way in and on the way out.


This post is personal documentation of how I think about my own situation. It is not tax, legal, financial, or career advice. Corporate structure, capital gains, and business acquisition rules are complicated, change often, and apply differently to every case. Confirm anything here with a qualified Canadian accountant or lawyer before you act. Claims attributed to Matt Bertulli come from his own newsletter and website and have not been independently verified.

Same $200,000 Income, Different Financial Futures: How Investing Creates a $600,000 Gap

Two Canadian families earn the same $200,000 annual household income. Both have good jobs, own homes and enjoy comfortable lifestyles. Neither is struggling to make ends meet.

Yet after 20 years, one family has accumulated approximately $298,000 in investments, while the other has nearly $893,000.

That’s a difference of almost $600,000, despite identical household incomes.

The explanation isn’t an inheritance, a lucky stock pick or a complicated investment strategy. It’s a difference in how much each household consistently invests.

Our latest Sovereign Canadian video illustrates how those decisions can compound over time.

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Life insurance in Canada guide featuring a Canadian family, term and permanent life insurance, coverage costs, financial protection, tax treatment and estate planning.

Life Insurance in Canada: Term vs. Mortgage vs. Whole Life (And How Much You Actually Need)

Life insurance in Canada gets sold far more often than it gets explained. Most advisors work on commission, and commission structures can create a real conflict of interest between what pays best and what fits your household. That is not an argument that every advisor pushes an unsuitable product; plenty do careful work. It is a reason to understand the mechanics yourself before signing anything.

This piece works through three questions. What type of insurance should you buy. How much do you actually need. And when should you stop paying for it. That third question gets skipped constantly: a household with a paid-off mortgage, a seven-figure portfolio, and no dependants may need almost no ongoing income-replacement insurance, whatever a multiple-of-salary rule says. Insurance should be sized against your actual balance sheet, not a generic formula.

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Canadian Thanksgiving celebration featuring autumn colours, a traditional turkey dinner, Canadian flag and lakeside sunset, highlighting Thanksgiving history and traditions.

Canadian Thanksgiving: Finding Gratitude in an Uncertain World

Every October, Canadians gather around tables filled with turkey, stuffing, mashed potatoes, pumpkin pie, and, hopefully, good company.

Thanksgiving is one of our quieter holidays. No fireworks, elaborate decorations, or weeks of shopping promotions. Just a long weekend, a family dinner, and perhaps one last opportunity to enjoy the autumn colours before winter arrives.

But where did Canadian Thanksgiving come from, and what should we be thankful for in 2026?

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Living in Panama as a Canadian showing Panama City, the Panama Canal, Canadian passport, residency, taxes, healthcare and real estate

Living in Panama as a Canadian: Is Panama Actually a Good Place to Live?

Panama can be remarkably good at receiving wealth. It is much less obviously good at creating tax-free active income, and your age on arrival decides how much of the healthcare advantage is still available to you.

A Canadian retiree living in Panama on a portfolio built abroad may find that Panama barely taxes the income paying for the lifestyle. His 35-year-old daughter can move into the same building, work remotely for Canadian clients, and face a very different tax question.

Same country. Same territorial tax system. Very different result.

That gap is the real subject of this article.

Panama does have meaningful advantages for a Canadian: a US dollar economy, one of the busiest air and shipping hubs in the Americas, residence programmes with paths to permanent status, private hospitals with international affiliations, and a tropical location outside the main Caribbean hurricane belt.

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Living in Costa Rica as a Canadian with tropical coastline, Costa Rican flag and Canadian passport highlighting residency, healthcare and tax considerations

Living in Costa Rica as a Canadian: Is Costa Rica Actually a Good Place to Live?

Costa Rica has been sold to Canadians for a generation as a four-part package: tropical weather, cheap living, easy residency and a tax system that supposedly ignores foreign income. In 2026 each of those four parts needs a footnote, and the footnotes are not the same size. The weather is what it always was. The residency routes exist and are easier to understand than most. The “cheap” part now depends on where you live and what you buy. The tax part is the one that breaks down once you read it from a Canadian rather than an American or European point of view.

The reason is structural. Canada and Costa Rica have no income-tax treaty, no social-security agreement and no treaty rule for deciding which country gets to call you a resident. Costa Rica’s territorial tax system is real, but a Canadian who moves there is not entering a tax-free zone. They are entering a gap between two systems that were never negotiated against each other. CPP, OAS and RRIF payments default to a 25% Canadian withholding rate. Leaving Canada triggers its own tax event. The widely repeated claim that a remote worker can sit in Escazú, bill Canadian clients and owe nothing locally is, at best, unresolved. Costa Rica went to the trouble of writing a special exemption for digital nomads, which is a good clue that ordinary residents may not enjoy the same treatment.

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Living in Bali as a Canadian with signs for Canggu, Sanur, Ubud, Denpasar and Uluwatu highlighting schools, healthcare and airport access

Living in Bali as a Canadian: Where on the Island Should You Actually Build Your Life?

Bali is not physically large. On a normal map, Canggu, Sanur, Ubud, Jimbaran and Denpasar look almost absurdly close together, a cluster of names you could imagine strolling between over a long weekend. Read the map that way and choosing a base becomes a lifestyle question: do I want the surf-and-café scene, the rice terraces, the calm beachfront, the cliffs?

That map is misleading. Twenty kilometres in Bali does not mean twenty minutes. A house that appears perfectly placed can put you on the wrong side of the island’s road network from the school, hospital or airport your life actually depends on. And the failure is rarely a steady, predictable slowness. It is variance: the same trip that takes a comfortable half hour on a good afternoon becomes an hour and a half on a bad one, and you find out on the day it matters.

So I want to start from a different question. Not “Where in Bali would I most like to live?” but “Which journey in my life cannot afford to fail?” The answer changes with your age, your work, whether you have children, and how your health is holding up. It determines which parts of Bali are options for you and which are traps that look like options.

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