Jun 072013
 

Expensive Night Out  – Read an article in the paper version of the Globe and Mail where a 16 year old Japanese adolescent went on quite the joy ride after spending $56,000 on his dad’s American Express credit card on a one night club binge. The teenager and a friend visited multiple hostess clubs, where he paid to sit and drink with women working there. At one of the venues, he spent a couple of thousand dollars on a single bottle of wine. The teenager’s dad pleaded with the local court to reduce the tab.

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Hostess clubs in Japan can’t allow minors to enter in the first place (must be 18+), so the clubs were partly responsible. The judge ruled that credit card companies should also flag questionable activities like racking up a large bill in a relatively short amount of time so American Express was also partly responsible. In the end the dad’s bill was reduced down to 800,000 yen ($8,200.) I wonder just how rich this family is (>_<) And I’m surprised credit card limits can even go up that high :)

Job Boom  – According to Statistics Canada, our economy had its best month for job creation in more than a decade last month in May, adding 95,000 new jobs thanks in large part to the construction industry :D It’s the equivalent to the U.S. adding over one million new jobs in a single month. Canada’s unemployment rate fell, but still remains stubbornly above 7%.

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Blog roundup – Personal finance and other interesting articles from around the web
Brian from Outlier Model shares his recent experience of dealing with a collections agency
Mark from My Own Advisor advises some ways to save nearly $100K
Vix Money went way over budget on her dining out bill, but at least she can afford it now with her full time work
Pauline from Reach Financial Independence writes about the importance of customer service
Dividend Mantra shares his dividend income for the month
My Money Design asks if there is still gender inequality in the workplace
Mashed Thoughts reviews a local Oyster Bar in Vancouver
Krant Cents encourages the graduating class of 2013 to take the next step in their careers and be proactive
Canadian Budget Binder updates his net worth. Very inspiring to see him breaking  the half million dollar mark
Modest Money shares his unfortunate home buying experience
Financial Samurai reminds us that profitable ventures are always there for people who look
Jordann from My Alternate Life wonders how she should calculate her debt
For wine experts Tangled Vines highlights a $30 bottle of Cab Sauv. At 14.5% alc/vol it sounds like my kind of wine
NZmuse shares her top 5 favorite round-the-world travel blogs YPN3228RKUZ3

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Random Useless Fact: A zedonk is a crossbreed between a zebra and a donkey :D

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May 112013
 

Hope everyone is having a great weekend. Let’s look at some current business and economic news.

Electric Power – Consumer Reports recently reviewed the 2013 Tesla Model S, and claimed it was the best car they’ve ever reviewed. Not the best electric car, but the best car, period – Giving the vehicle 99 out of 100 points. Around the same time Tesla announced it was profitable for the first time in its history. If you are a fan of electric cars then $80,000 would get you the award winning sedan in Canada, $70,000 in the US. I hear it comes delivered straight to your home.

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$TSLA shareholders must be ecstatic as the publicly traded company’s stock price jumped up 25% in one day after the news on Thursday. Some people believed the stock would level off after that or even pull back a little, but on Friday its stocks gained another 10%. It is currently trading at $76.76/share, which puts the company at $8.8 billion market cap. Is Tesla Motors a good investment now?  I don’t know. It’s hard for me to value a company if it doesn’t have a long record of profitability. Plus I don’t understand the auto business very well. So I won’t be buying into the rally, but will keep an eye on this company with interest :) Do you think Tesla will be a good long term investment?

Right on Target – US retailer Target has finally started to open up stores in Western Canada. I haven’t been to any yet but I’ve heard the one in Coquitlam Center which has just opened its doors will be very busy. I plan to visit a local Target soon and check it out for myself. It’s important to me that Target succeeds in Canada because one of the reasons I invested in them earlier this year is because I believe Canadian shoppers will give $TGT a lot more business than analysts are expecting ;) Hurray for consumerism! Go Target :D

Fund Update – I sold about $5K of stocks in May so far. I also received that nice check last week from my tenant. I now have about $9K saved up for my $25K farmland fund. Just need to come up with $16K more. I think it’s doable :D

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Blog roundup – Personal finance and other interesting articles from around the web
Not Working shares his May net worth which is an all time high.
Outlier Model reminds us how poor and misrepresentative some journalism can be
Blonde on a Budget finally moved to the Greater Vancouver Area, welcome :0)
Evolving Personal Finance debates about outsourcing home cleaning
Alex from Freedom I.G. discusses sectors he sees attractive value in like energy and financials
Frugal Rules discusses internet sales tax and shares some interesting search terms
Makingsenseofcents talks about how she makes money by writing online
Vix Money shares her April budget, hey better late than never :0)
Marissa from Thirtysixmonths has a way to make budgets easier to stick to
Seapotato shares some pictures she took at a seafood event. She got to meet David Suzuki :0) #jealous
Red Debt Step Child admits she used to spend like a baller
Reach Financial Independence explains why she upgraded to a paid bank account
Canadianbudgetbinder shares his family net worth. They’re really good at paying down their debt :0) Awesome job
Debt Roundup has a tip on how to save money

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Random Useless Fact: A group of pugs is called a grumble

 

Apr 212013
 

Hope everyone is having a great weekend. Let’s look at some business and economic news we should care about.

Snail Mail Slowing Down – Canada Post made $127M in profit last year but the amount of shipments have been declining. I hope they can find new ways to make money. This company employs about 71,000 workers in Canada and is a big driver in our economy.

Low Growth – The IMF (International Monetary Fund) has downgraded Canada’s growth prospects to just 1.5% for 2013. This is great news for Canadians with debt because it probably means our interest rates will stay low for the time being. How can we take advantage of this? Well personally I plan to borrow more money to invest in assets that will directly benefit from faster growing developing countries. The IMF says that global growth on average is expected to be 3.3% this year :D So if we’re doing worse than the average, then there must be other countries that are doing better :) My strategy is to leverage borrowed money from a place of low growth to invest in high growth environments ;)  

Losing its Glitter – Gold fell in price dramatically lately. I’m not too worried even though I’m invested in gold. China and India are huge customers of gold. China’s economy is still growing north of 5% a year so eventually precious metals should recover which means now might be a good time to start buying some gold if one doesn’t yet have any.

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Blog roundup – Personal finance and other interesting articles from around the web
Vixmoney talks about her vacations and how she’s back in the workforce
CF from Outlier Model writes about her strategy to pay of her student loans
Being frugal has an article on suggestions for lending money people close to you
Add Vodka warns that over deprivation can actually backfire
The Dividend Girl talks about her portfolio and the recent Telus 2:1 stock split.
Agent Fang shares a frugal way to prepare some delicious home made chicken karaage
Dividend Ninja takes us through a couple of resource stocks he just bought.
Girl meets Debt discusses what she likes and dislikes about blogging as a PF blogger
Modest Money has a post on what you should if you’re traveling and run into problems with a rental car
The Norwegian Girl shares some tips to plan ahead for summer vacation in order to save money
Cait from Blonde on a Budget has the inside scoop on PF guru Gail Vaz-Oxlade’s new show
Miss Amanda started a new blog called “My Life, I Guess ” and writes about her experience with the transition

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Liquid Updates – What’s new with me

Bought some cool entertainment recently. Thought I’d share in case anyone was curious to know what I do in my spare time.

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I also recently made a major purchase. It costed me over $2,000. Since I didn’t have any savings or an emergency fund I used my line of credit to pay for it haha. I’ll blog about my new awesome purchase this upcoming week, but here’s a hint; vampires are allergic to it :)

I think I may have a spending problem. I keep buying stuff I don’t even need. As if going into $2,000 of debt wasn’t bad enough I also found myself purchasing something else last week. Except this one costs WAY MORE. It’s so expensive it makes $2,000 look like a rounding error. If you follow me on the twitter, you may have seen this. 13_04_twitterland

More details to come later. It will probably mean going into more debt for me to finance the purchase. But I’m okay with that since using other people’s money was how I made 12.5% on my farmland investment last year. Some might say going into debt can restrict your freedom. But I think it can also create the foundation for wealth and financial freedom. Debt is a tool. It just depends on what we use it for :)

Mar 302013
 

Happy Easter folks :D It’s one of my favorite holidays because every year my boss would hide Easter eggs around the office for everyone else to find. I found 2 this year :0)

Cost of Education
13_03_tuitionSo many of my friends both in real life and on the internet are either having, or talking about having children. I don’t see myself having kids for at least another 5 to 10 years, if at all, lol. But a big factor in making big life decisions is money. According to a new study by the Canadian bank BMO, kids born in 2013 could pay $140,000, which includes tuition, food, and housing costs for a 4 year university degree. While inflation was only 1.3% in 2012, tuition fees increased 4.3%. I work part time at a local college and just got a 4% raise last year. So now I know where that extra money came from (^_-) Now I’m torn. I don’t want education to be so expensive, but at the same time I don’t mind getting raises. In any case, to make the best out of the situation I’ve been saving all my raises from my school job and putting them into an educational fund for my possible future children :D

Back in the Black (Berry)
ht_blackberry_z10_q10__ll_130130_wgBlackberry, which used to be called Research in Motion, made a small 94 million profit on $2.7 billion in sales in their recent quarter. Not bad considering they were losing money last year. Their new z10 phones are doing better than expected. I’m waiting to see how the Q10 will
be received by consumers later this year because that’s the one with the physical qwerty keyboard :) I bought some Blackberry stocks last year around $25/share. Needless to say the company has not done well since then trading at just $15/share now, but maybe they could make a come back. Putting all my eggs in one basket is risky, so that’s why I have Apple and Google stocks as well, the other players in the smartphone market :D

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Blog roundup – Personal finance and other interesting articles from around the web

Since it’s Easter, Sixty Payments made a chocolate bunny cake
Frugal Path on putting different people’s finances into perspective
Girl Meets Debt tells of her bad experience with gym memberships
Myfijourney evaluates Microsoft stock. I’ve been looking at buying some MSFT too
Passive Income Pursuit looks at Genuine Parts Company (GPC) First time I’ve heard of this interesting stock
Frugal Portland explains how bad credit card debt is
Modest Money reviews a book on Stock Market Investing is giving away a free copy
Lifeandmyfinances describes what Savings Bonds are
Alex from Freedomig updates his dividend growth portfolio
Vixmoney has a post from the Boy about considering changing careers
Holly from Club Thrifty discusses if having children is worth it. Spoiler: Yes they are
Thirty Six Months on how paying full price is for suckers
Frugal Rules reviews the brokerage Scottrade
The Outlier Model suggests some cool music streaming sites to check out
Wise Dollar discusses the sequestration in the United States