Is our home an asset or liability? The answer depends on how we define “asset.” 😉 According to the Oxford English dictionary it’s a a useful or valuable thing or person. Investopedia defines asset as a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefits. According to these definitions a home… Read More »
I came across a story recently about a couple who moved from Colorado to California. Their incomes doubled and within two years they became debt free 🙂 The article starts off as follows. This couple dropped $185K+ of debt in 20 months – Here’s how! What do too many student loans, a mortgage, and a few bad money decisions equal? A… Read More »
When I first started this blog in 2010, I only had about $300K of financial assets. I thought that was a lot of money back then, but as I learned more about personal finance I realized that it’s actually not that much. The average household net worth in Canada today is $400K. I looked at other people’s balance sheets… Read More »
Earlier this year I wrote about buying a Saskatchewan property at an auction 🙂 But I had to raise $25,000 by the completion date, or I lose my deposit forever! 🙁 The seller has since pushed back the original completion date to October (lucky me) but regardless of the extension I’ve successfully secured the rest of my downpayment… Read More »