Sometimes knowing what NOT to do is just as important as deciding what to do. Staying away from drugs and excess alcohol consumption are common examples. But what about the more subtle habits that we should avoid, especially if we want to retire early? I recently read this article which discusses what financially successful people are known to avoid. I’ll summarize the important… Read More »
Some say the real test of success is whether or not a man can earn more money than his sister-in-law’s husband, LOL. 😀 It’s funny because there’s some truth to that statement. It’s human nature to be jealous of others. But at the end of the day envy has no upside. Being resentful of someone else is a waste of time. If we can… Read More »
Nobody likes to pay banking fees. But most monthly service charges can be waived if we sign up for additional accounts/services, or keep the minimum monthly balance in the account. (eg: maintain at least $1,500 in a Bank of Montreal chequing account to waive the $4 fee.) My personal account is with TD Canada Trust, which charges $3.95/month unless a minimum balance… Read More »
The Struggle “We can’t get the numbers to work and would appreciate some help,” pleads Eric, a 41 year old physician who lives in Vancouver, B.C. and makes $300,000 a year. His wife is a dentist and together they typically earn a combined household income of $450,000. 😯 Eric regrets “not having bought a house years ago.” He further admits that… Read More »
The basic concept of debt is simple. It’s when someone borrows money from another person. But once we start looking at different forms of debt such as sovereign debt, treasury bonds, mortgage-backed securities, demand loans, etc, it can start to sound like a different language to many of us. 😕 Even the money in your wallet right now is… Read More »
What do you call the world’s largest bulletin board which has 174 million users? Reddit! 🙂 Registered members provide content on this social news website, and everyone decides, through voting, what’s important and what’s rubbish. Submitted pictures, links, and articles that receive community approval get pushed towards the top, so the front page is constantly updating with fresh, interesting entries.… Read More »