The Pew Research Center released an interesting study recently. They looked at the change in average net worth in the US during the economic recovery from 2009 to 2011 and found out that despite America’s households growing their net worth by 14% during this time, the vast majority of Americans actually saw declines to their wealth. This is… Read More »
The government of Cyprus (a small island country near Turkey) announced they want to charge a one time tax on all their citizens’ savings and checking accounts, up to 9.9% of their balance (O_o) This is so the country can qualify for a $13 billion bail out package which they so desperately need. It certainly sets a very controversial precedent for… Read More »
I got a call earlier this week from a fellow who works for a diamond brokerage firm. I gave them my contact information when I went to a resource conference earlier this year. He wanted to tell me that their Vancouver office is holding a seminar later this month about investing in diamonds. Fancy colored diamonds in particular. I thought… Read More »
Found a list of 17 ways that rich people tend to think. It’s been floating around the internet for awhile and there’s even a Youtube video on it. How legitimate or practical this list actually is probably will depend on who you ask. And the terms “rich” is pretty subjective to begin with. I don’t know if all the… Read More »
Read in the local news today that police in metro Vancouver pulled over a car for not having a front license plate. The vehicle turned out to be a 2012 Lamborghini Aventador, which starts at $430,000 Canadian dollars, before taxes. The police soon found out that the 22 year old driver did not have insurance on the car.… Read More »
Forbes recently published their list once again of the richest people in the US. On top of the list this year is Gates with $66B, followed by Buffett with 46B. This is very inspirational to me. I like reading about their stories and how they got to where they are. I don’t expect to be on the list,… Read More »