What is driving Canadian FIRE? Everyone is affected by the FIRE economy in one way or another. FIRE is an acronym that stands for Finance, Insurance, and Real Estate. Together, these 4 industries are growing over five times faster than the general economy and represent about 1/5th of Canada’s total economic output. FIRE is especially important in BC.… Read More »
Overcoming Challenges Millennials have been dealt a rough hand. We face an unstable job security, a sluggish economy, crippling student debt, high housing prices, and record low bond yields. This all makes it tough to retire rich without taking on at least some form of risk. The good news is that we don’t need to make a ton… Read More »
Peter Munk 1927 – 2018 The founder of the world’s largest gold mining company passed away a couple of days ago at the age of 90. Peter Munk came from humble beginnings. He fled his home country of Hungry during WWII when it was invaded by Nazi Germany. Soon after he boarded a boat from England and came… Read More »
Meet the World’s Wealthiest Charity group Oxfam recently reported that the world’s 8 richest people have as much combined wealth as the poorest 50% of the world’s population. Here is the list of the 8 richest individuals, in order of net worth: Bill Gates: America founder of Microsoft (net worth: $75 billion) Amancio Ortega: Spanish founder of Inditex… Read More »
What $300,000,000,000,000 Look Like All $ amount in today’s post is in US dollars. What would you buy if you had all the money in the world? According to British news site The Independent, the total amount of financial assets in the world is around $300 trillion. This is the total value for all the equities and fixed income, including… Read More »
Millionaire Status After checking my balance sheet for the month of August I realized that the value of all my assets is worth $1,006,200. Great Scott! For the first time in my life I own a million dollars worth of stuff! 🙂 According to the official Oxford Dictionaries website, a millionaire is “a person whose assets are worth one… Read More »