Triple Digit Returns on Currency Investment There are lots of ways to make money in the world. It’s up to us investors to find them. 😉 A couple of years ago I blogged about my investment in Zimbabwean dollars. I purchased some uncirculated $100 trillion Zimbabwean banknotes on the internet and paid CAD $5 for each one. 🙂 Back then I even made a prediction that… Read More »
My net worth increased $64,000 so far in 2016 Goodness gracious me! 😀 That’s even more than my annual gross salary. Maybe I should quit my full time job already. Haha. But here’s the caveat. My net worth is measured in dollars. So I’m only becoming richer relative to the local currency. But as we shall discuss below, currency depreciation can be a… Read More »
The Advantages of Inflation Today I want to share one of my biggest secrets to success. I will explain how I generate $5,000 of value a year in passive wealth creation using my mortgage and other loans. It’s automatic, hassle free, hidden from my friends and the government, and is completely legitimate. 🙂 The Destroyer of Credit Everyone knows that inflation drives up the cost of… Read More »
Some folks believe earning a higher income is a valid excuse to submit to lifestyle inflation. But I don’t think lifestyle should necessarily be tied to active income because job security is a fickle pickle. However with a strong framework of growing passive income, a little lifestyle inflation is not only acceptable, but I would even recommend it because YOLO.… Read More »
A new study by the University of Pennsylvania’s Wharton School found that adults in many countries make money decisions with surprisingly little financial knowledge. Researchers asked people in 18 countries THREE simple financial literacy questions about interest rates, inflation and investing. When Americans over 50 years old were asked these 3 questions, only 50% could answer the first two questions correctly. Furthermore, just 33% knew the correct answer to… Read More »
What you can buy for a Canadian dollar these days is absolute noncents. 😀 The loonie has sunken to a multi year low, valued at only $0.86 U.S. The lower Canadian dollar rate today means it’s more difficulty for Vancouverites to pick up milk and cheese for half the price across the border. This Canadian dollar trend going lower will probably… Read More »