Here is another tip I use to save money by actually doing less work. People do laundry because our clothes get dirty. And the only reason they get dirty or sweaty is because we wear them. So the less they are worn the less they have to be washed. If you are like me and only spend about… Read More »
Making money in the stock market isn’t always easy. Here is a simple technique that I use to increase my chances. The volatility index “VIX” is a measure of how nervous investors are. The VIX moves in opposite directions from the stock market for the most part. In the 5 year graph below we compare the VIX (blue)… Read More »
“How much income do teachers make?” “He’s a book keeper? I wonder if his income can support his family.” Sometimes we assume a person’s income level based on their line of work. But this mindset is dangerous and can limit our earnings potential. Because if we accept the idea that our jobs dictate our incomes, then our motivation… Read More »
Our household net worth for the country is about $6.4 Trillion. On a per capita basis, the average person living in Canada has a net worth of $184,300. I am surprised at how low this number is but I think as the population ages, we should see this figure grow. If not, then we are in deep trouble. What… Read More »
Added a new section to the blog….. The Dividend Subsidizing Hedge Fund The basic premise of the page shows a systematic approach to reaching financial independence. The interesting thing about the method is that everyone’s portfolios, or their Hedge Funds will be different based on their personality and spending habits.
*Dividend Income: Discount Brokerage = $200 *Discretionary Spending: Eating Out = $100 Others = $400 *Net Worth: Assets: Cash = $3,200 (-$1,500 MoM) Stocks = $71,800 (+$600 MoM) Home = $243,000 Liabilities: Mortgage = $209,800 (-$300 MoM) LOC Balance = $1,000 (-$500 MoM) Other Loans = $18,700 (*1,900 MoM) Total Net Worth = $88,500 ( +2.08% MoM) First… Read More »