I’ve mentioned in an earlier post that most of the big 5 banks in Canada are raising banking fees this year. But there is a silver lining. See if you can follow along with this plan. The minimum balance required to wave the $3.95 monthly fee on my TD bank account used to be $1000. So for that… Read More »
How my perception about materialism/income have drastically changed in the last decade or so. Year – 2002 Occupation – high school Outlook on life – apathetic Adult life sounds difficult. There seems to be so much responsibility. What’s the point of making money other than to survive? Money isn’t everything. As long as I have enough to live on then that’s… Read More »
Vacation for last 2 weeks. Now, back to business. *Dividend Income: Discount Brokerage = $300 *Discretionary Spending: Eating Out = $100 Others = $200 *Net Worth: Assets: Cash = $4,700 (-$1,400 MoM) Stocks = $71,200 (+$3,000 MoM) Home = $243,000 Liabilities: Mortgage = $210,100 (-$300 MoM) LOC Balance = $1,500 (-$2,500 MoM) Other Loans = $20,600 (+$4,100) Total Net… Read More »
Behaviors of the growth mindset 1. Make sure your career is interesting and fun to you relative to other jobs. Passion leads to skill which leads to good pay regardless of what industry you choose. Get paid for your results rather than for your time. 2. Pay off high interest debt, and consolidate your loans. 3. Make more… Read More »
Here in Canada, major retail banks are increasing service fees. This means we might have to pay a little more for the same everyday banking services. I heard ScotiaBank has already done it, CIBC also increased their fees in April, and I got a letter from TD earlier this year that states they will start charging higher fees… Read More »
*Dividend Income: Discount Brokerage = $200 Discretionary Spending: Eating Out = $200 Others = $1100 *Net Worth: Assets: Cash = $6,100 ( +$1,600 MoM) Stocks = $68,200 ( +$20,100 MoM) Home = $243,000 Liabilities: Mortgage = $210,400 (-300 MoM) LOC Balance = $4,000 Other Loans = $16,500 Total Net Worth = $86,400 ( +1.77% MoM) Big month for… Read More »