For a more complete look at Canadian’s net worth including by age group and family type click the following link. https://www.freedomthirtyfiveblog.com/resources/median-and-average-net-worth —————————————————————————– I recently read this article on lsminsurance which says Canadians have a higher net worth than Americans. The data shows that the median net worth per adult in Canada is $89,014. That means $89,014 represents the perfect… Read More »
I recently updated my Dividend Subsidizing Hedge Fund thanks to a reminder from a reader. I’m receiving more subsidies now in all categories. The biggest WIN is that my monthly electricity bill is now 100% subsidized by the utility industry and its partners. This means I don’t have to pay another dime of my hard earned money to pay… Read More »
It’s been a pretty busy week for people here in the Greater Vancouver area. Hockey playoffs, teachers taking job action, elections, and 4/20. I feel like the week went by way too fast. To unwind for the weekend here are some innovative ideas to save either time or money, or otherwise make our hectic lives a little more simple and… Read More »
In the beginning of the month I decided to streamline my expenses and set out to spend at least 25 days this April without expending any money from my wallet, bank, credit card, or participate in any other way the exchanging of my money for goods or services. Half way through the challenge now so I just wanted to… Read More »
How margin loans work If you already have a regular cash account for trading stocks, you may want to consider getting a margin account as well. You can also convert your existing cash account into a margin account. There is no additional risk in doing this. You only take on more risk IF you buy more than what… Read More »
If you’re not familiar with how margin accounts work, you can read this other post first. We’ve already seen how a margin account is similar to getting a mortgage or a home equity loan (HELOC.) Today we’ll discuss margin loans and how to avoid a margin call. A conventional mortgage requires a 20% down payment which means the bank… Read More »