Financial independence means different things to different people. To me, it can be broken down into 3 stages. Initial Stage. True Stage. Perpetual Stage. Part 3. Perpetual Stage: Like the True Stage, except you have extra wiggle room to deal with emergencies, inflation, lifestyle inflation, and unforeseen future expenses. Example: A school teacher spends $30K/year. He has a… Read More »
Financial independence means different things to different people. To me, it can be broken down into 3 stages. Initial Stage.True Stage.Perpetual Stage. Part 2.True Stage:You literally don’t have to do ANYTHING at all to make money and still get to enjoy your current lifestyle. Example: A school teacher spends $30K/year. His rental income from his apartment is collected… Read More »
Financial independence means different things to different people. Most of the time it’s about quitting the 9-5 job and spending more time to do what you want and still make enough money to live comfortably. To me, financial independence can be broken into 3 stages. Initial Stage. True Stage. Perpetual Stage. Part 1. Initial Stage: You can quit… Read More »
I was recently in downtown and saw an advertisement for a new building in the Vancouver area. They are planning to complete the project by 2014. The building will be an impressive 45 stories tall, with condos starting from the 20th floor and up, and a hotel below that. Although not the tallest building per-se, Metrovan says “Simply put,… Read More »
Found on Yahoo finance some common work email mistakes that people make… 1. Sending before you mean to. 2. Forgetting the attachment. 3. Expecting an instant response. 4. Forwarding useless e-mails. 5. Not reviewing all new messages before replying. 6. Omitting recipients when you “reply all.” 7. Including your e-mail signature again and again. 8. Composing the note… Read More »
Which would be the better place to invest in first, TFSA (Roth IRA equivalent) or RRSP? (401k plan equivalent.) According to one study by Caligiuri Financial Group, it depends on your present and future income tax rates. In each of the 3 scenarios below, someone invests $5000 pre-tax income in an RRSP and the equivalent after-tax amount to… Read More »