I recently received payment from my tenant for the first half of the year’s rent. So I have $5K now sitting in the bank. What should I do with it? Well I want to invest in the mortgage market. I first heard about mortgage investing when I attended a free industry seminar. But it wasn’t until recently that I seriously started to look into it. Here’s how… Read More »
In 2012 I found a farm I liked on the MLS website, and bought it for $150,000 🙂 I was so happy with my purchase I decided to buy another farm in 2013 for $172,500 at an auction. This one is a 150 acre, class F, grain farm. It’s located adjacent to my first farm, and both properties are… Read More »
Time again to learn about you, the readers Last year I ran a poll asking about people’s household debt levels. Thanks to everyone who voted (^_^) Results below. Wow, about a third of readers are debt free 🙂 Congrats! About 1 in 20 owe a million dollars or more 😕 That’s probably not hard to believe since a typical two… Read More »
In the beginning of 2013 I set out 6 financial goals to complete by the end of the year. Time to recap. 1) Increase net worth by $50,000. Pass 😀 North American stock markets had double digit gains in 2013. Bumper crop in the prairie provinces pushed farmland values to new highs 🙂 Real estate market in Canada also performed… Read More »
Fed Taper The Federal Reserve announced earlier this week that they will begin to taper their bond/mortgage program from $85 billion a month to just $75 billion starting from January next year. I was a little surprised when the stock markets jumped on this news. I suppose investors believe the economy is doing better. What does this mean… Read More »
What a fantastic game over the weekend 🙂 Our household debt to personal disposable income in Canada is around 163% today. In the U.S. the ratio is only 140%. This ratio is greatly affected by the price of homes. The Canadian housing market has done well since the last recession, but home prices in the U.S. have fallen.… Read More »