I like to learn what rich people do. I hope to increase my net worth by doing the same as the wealthy. So far that has worked very well. When I learned that over 90% of millionaires owned their own home, I bought my own home. When I learned that rich people have more of their wealth in… Read More »
Income inequality, or the gap between the rich and poor, is a major concern. A recent study discovered that the richest 85 people in the world have as much total wealth as the combined wealth of the poorest 50% of the world’s population (3.5 billion people.) Economic inequality is all around us. In last week’s article a few… Read More »
According to a new study by BMO, it appears that men are better savers, on average, than women. Last year each Canadian men saved $10.5K on average, while the ladies saved about $7K each. That’s a difference of 50%. 😯 These results are interesting because last year another study showed that young men are more likely to stay… Read More »
Awhile ago I started a swing trade with Potash Corporation of Saskatchewan. I used $600 to purchase about $2,000 worth of POT shares using leverage. Unfortunately some time after my purchase, Russia’s Uralkali got out of the potash cartel which sent the price of potash lower, which of course meant all potash producers around the world had their profits… Read More »
According to the 2014 B.C. Assessment, the title of the priciest house in B.C. this year goes to 3085 Point Grey Rd. Vancouver. The 30,600 sq-ft, two-storey house has 7 bedrooms and 9 bathrooms 😯 It was custom built in 2008 and construction is finally complete this year! And the price? A mind blowing $54.2 million! The owner,… Read More »
Last year a painting by artist Barnett Newman was sold at an auction by Sotheby’s. It set a new record price. The piece is called Onement Vi. It was painted in 1953 and it measures 8.5 feet by 10 feet. The reason this canvas is so coveted is because it’s the last remaining piece of the Onement series (1… Read More »