Last year I wrote a post about the power of having multiple income streams. I advocated for the compound income phenomenon, which I think is very important for building wealth. If you’re not familiar with that article I recommend reading it first. So far using multiple incomes have continuously benefited my personal finances so I’m pretty confident about this theory 😉… Read More »
The popular Robert Frost poem is a great reminder that financial rallies cannot be sustained indefinitely, especially in the resource sector. About a year ago the price for one ounce of gold was about $1,800. Today that same piece is only worth about $1,300. As a result the world’s largest gold company, Barrick Gold Corp, lost half of… Read More »
The world of personal finance can be so complex that it cannot be accurately represented with any rules or strict guidelines. This is why it’s so hard to give financial advice. Unless we know absolutely everything about someone else’s finances and personality, it’s nearly impossible to give them proper guidance and tell them what they need (not want)… Read More »
Give your toddler the best start Would you like to have kids some day? What if not every baby is born equal and that there is a secret formula to make elite babies? I apologize in advance because the point of this post is to try and use probability to potentially give our future offspring a competitive advantage… Read More »
To become rich we should try to maximize our earnings and minimize our expenses. Here are two simple ways to do it by adapting. First, on the earnings side, we can take advantage of unfair market forces to increase our investment potential. For example Canada’s telecommunication sector is an oligopoly with over 90% of the wireless market owned… Read More »
Last month when I increased my farm’s value, I wrote that it was “the easiest $2,500 I’ve ever made.” I just held onto an investment and the market did the rest :0) By the end of April I was so ecstatic to find my net worth has climbed by $5,200 in just one month 😀 Well just when it… Read More »