Aug 292014
 

Time again to learn about you, the readers. πŸ˜€ Last year freedom 35 blog visitors were asked to choose which superpower is the most useless. Results below. Thanks to everyone who votedΒ (^_^)

useless superpowers

Being ableΒ to moonwalk, but only when on the moon is the most useless power with almost 30% of the votes.Β I agree with this sentiment. This ability seems absolutely pointless to the 99.999999% of the world’s population who will never set foot on the moon. Speaking of which, did you guys hear about the new restaurant on the moon? It’s out of this world πŸ˜€ *ba dum tss!*

Well actually the food is not bad, but there is no atmosphere. πŸ˜†

Anyway, the least useful superpower with only 2 votes appears to be the ability to turn gold into silver. But that simply meansΒ it’s the most useful ability out of all the options given. Since one pound of gold is currently worth 65 times the same weight in silver there are no financial benefits to this superpower. But silver is a better conductor than gold and is used more in electronics so perhaps there is merit from an industrial perspective. Also, if someone is being chased by a vampire or werewolf this superpower could come in handy, as long as you know, there just happens to be gold nuggets lying around at the time πŸ˜‰

What other useless superpowers can you think of? Surprisingly more people voted inΒ this one than the other poll which asked people to choose whichΒ actually useful superpower they want to have.

Have a wonderful weekend everyone πŸ˜€

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Random Useless Fact:
The dry style of ginger ale was invented by Canadian John McLaughlin, the founder of the Canada Dry brand of soft drinks.

ginger ale useless superpowers

 

Mar 272014
 

Time again to learn about you, the readersΒ :DΒ Last year I ran a poll asking about people’s household debt levels. Thanks to everyone who votedΒ (^_^) Results below.

14-03-poll-householddebt

Wow, about a third of readers are debt free πŸ™‚ Congrats!

About 1 in 20 owe a million dollars or more πŸ˜• That’s probably not hard to believe since a typical two story house in Vancouver can cost over $1 million πŸ˜‰

Canadian individuals in total have about $1.36 trillion of debt, and this number has been consistently rising due to sustained low interest rates. This means that on average each man, woman, and child, owes about $39K each if split evenly. So good job if you have less debt than this πŸ™‚

I’m in the $500,000 to $1,000,000 debt group which is good because why be “average” Β when we can be extraordinary? πŸ˜€ I think people go into debt in order to solve a problem, or make life better. And almost always taking on debt will lead to a positive outcome, enhancing our livelihoods πŸ˜€ I’m not even talking about investments. The 3 largest forms of debt (most of the $1.36 trillion) are mortgages, student loans, and car loans.

Who has mortgages? Home owners! πŸ™‚ and studies show that on average people who own their homes over time have a higher net worth than renters. Who has student loan debt? People with higher education! and studies show an investment in human capital is one of the best ways to open up doors to new opportunities πŸ™‚ Who has car loans? Drivers! And anecdotally I can say that switching from public transit to driving my own car for commuting to work and grocery shopping is one of the best lifestyle decisions I’ve ever made πŸ™‚Β Maybe debt is just a necessary evil that we need in order to make society a better place πŸ˜‰

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Random Useless Fact:Β The colours of the Canadian bank notes resemble the international LGBT pride flag (rainbow flag.)

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Oct 232013
 

Time again to learn about you, the readers πŸ˜€ The poll this time is about Superpowers! Thanks to everyone who votedΒ (^_^) Results below.

13-10-superpowers

It appears that reading minds is the clear winner with almost half the votes (19/42.) Personally I would choose flight myself. My profile avatar is a bird after all haha.

Here are my personal thoughts about what these powers might mean πŸ™‚

  • Flight – You value freedom and the liberty to spread your wings and do as you wish. Reaching financial independence is important to you because money can buy you the kind of freedom that will allow you to pursue your dreams, go anywhere you want, and become unshackled from the rat race.
  • Invisibility – You practice discretion and anonymity. If you’re rich you don’t want others to know how much money you have. You like to live a modest lifestyle and probably have a lot in savings.
  • Shape Shift – You daydream a lot and think about what it’s like to be in other people’s shoes. You can adapt easily to the changes in the financial markets and have a good eye for spotting trends. When you go shopping you can readily switch between using cash, credit cards, or other forms of payment πŸ™‚
  • Mind Reading– You are curious and probably nosy. You are a careful investor who tries to really understand a stock before investing in it. You understand human behavior and use that to your advantage when trading.
  • Strength – You have a good work ethic and a lot of stick-to-itiveness. You probably work more than the average 38 hours a week because of your competitive nature. By doing so you also make more income than the average $50K /year and are headed for long term financial growth and prosperity.

I did not include in the list ultimate superpowers like immortality, telepathy (like Professor X) or complete control over time because I think those are obviously OP since you can literally take over the world with those kinds of abilities 😯

Jun 102013
 

Time again to learn about you, the readers πŸ˜€ Earlier this year I put up a poll on freedom 35 blog to find out what you all did for a living.Β Thanks to everyone who votedΒ (^_^) Here are the results below.

13_04_job_survey, occupation

Most of you are in high paying sectors of the economy. That’s great to see πŸ˜€ There are more technical and professional specialists than any other single occupation. 10% of readers are in the same profession as myself (arts and media.) Only one reader voted for the sales/retail category. Overall it appears that the occupations of people reading this blog matches the income that they’re making in the previous poll,Β about income.

I think readers in the two highest categories (financials and professional/tech) are over represented as visitors to personal finance blogs because they work hard and sacrifice more to earn a better living so money is probably important to them. I also like money πŸ™‚ but I’m not cut out to work in an industry that requires more than 45 hours of work per week πŸ˜› I’ve tried to be a workaholic before but I just burned out and didn’t like the high stress environment I was in. But everyone’s different. I know a fellow blogger who works at Amazon.com not too far from Vancouver. She’s only in her twenties but makes over $10,000 a month and receives bonuses multiple times a year which not everyone who works at the company gets πŸ˜€ Working hard as an engineer for one of the most competitive software giants in the world seems to fit her lifestyle, but it’s not for me πŸ™‚ She has a higher net worth than I do, but the important thing to realize is that she’s also exceptionally talented at managing her own finances πŸ˜‰ and that’s ultimately how long term wealth can be created and sustained.

I think the take away is if you want to be rich, push yourself to get a computer science degree or excel in one of those other top occupations like health care for example, but if you don’t like to work hard then at least continue reading financial websites out there because if high income earners who care about their money are gravitating towards those kinds of sites for information then perhaps we can all learn something from them πŸ™‚ Knowledge is power (^_^)

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Random Useless Fact:Β Wise words from Jake.

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Feb 122013
 

Time to learn about each other πŸ˜€ Late last year I put up a poll on the site to survey how much total income people make. Thanks to everyone who voted (^_^) Here are the results below.

reader's total income

This means over half of you make more than $80,000 a year! The median income for the group is somewhere in the high 5 digits range.Β  And the mode income (choice that appears most often)Β  is over $100,000. Wow, I’m pleasantly surprised at how financially well off most of you are πŸ˜€Β This blog has visitors are from all over the world but most of you are from Canada so just for fun, here’s how much the typical Canadian made in 2010.Β  income statscan poll resultsHuge difference! Only 27% of the general population made over $50,000 a year, meanwhile a whopping 76% of my wonderful readers are making over $50,000. Nice job ladies and gents :0) Using the information we’ve looked at so far we can put together a comparison chart like the one below.income poll compare reader's total incomeAs mentioned earlier, most of you make more than $80K a year. Since my own total income isn’t even close to $80K yet what this poll reveals is that most of my readers are apparently making more than I am, haha. That’s quite a humbling realization. It means you guys probably have a better understanding of how to become rich than I do because so many of you are already living the good lifeΒ  πŸ˜‰ The people who took the poll probably also comments on this blog. So read the comments and you’ll probably learn a lot from them :0)

total incomeThere are many successful and intelligent individuals who come here and have interesting things to say. For example Phil from Ontario who retired early and is quite well read would sometimes comment and offer book suggestions for further reading on a specific topic. Mrs. PoP from Florida has an impressive net worth and sometimes offer good advice about real estate investments. I’ve personally learned a lot by simply reading other people’s comments, and so can you πŸ˜€ I don’t have all the answers to life’s financial problems or the best investment ideas, but thanks to all the great commentators who took the time to give their opinions I’m sure we can have some interesting discussions ^_^ I normally don’t censor anything unless it’s spam.

Limitations and improvement ideas:
-The income spectrum I used was too narrow >_< In future polls it would be more helpful to include higher income ranges such as $100,000 to $150,000 and $150,000 to $250,000.
-I forgot to mention “personal” in the poll. I was only looking for individual incomes, not for family or households. This was not very clear so next time I will be more specific with my question.