When a bank says you’re over indebted it probably means you have too much debt and either have to change your lifestyle dramatically, or file for bankruptcy. Lately there’s been a lot of news coverage about the European debt crisis. I’m going to try and explain what it is and how it will affect us. In some European… Read More »
I don’t talk to my mum about our financial situation much. But by watching how she spends her money over the years I’ve picked up a few important tips from her. For example, saving to buy the important things rather than the non-essentials. Although she likes to travel all her life, in the past she only took one… Read More »
It feels like so many things happened last week, most aren’t so good. France elected a new president over the weekend who advocates more government spending rather than less, and Greece’s minority government appears to be quite unstable and might have to go through another election soon. North American stocks are down for the month, the € (for those who… Read More »
If you work in the financial services industry then April was probably a busy month for you because this is when taxes are due. According to a recent survey by BMO Nesbitt Burns, many people are unaware of the tax implications of investment income. The poll of 1,500 Canadians, conducted by Leger Marketing, showed that 58% do not… Read More »
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 »