Nov 102014

Rich people value financial security while the middle class focuses on job security. There use to be a time when these two terms meant the same. When I was going through school my parents wanted me to have a good education, so I could go on to get a high paying job someday. But that was the old way of thinking because the modern world doesn’t work like that anymore. 😐 Many university graduates with high grades today can’t find those “high paying” jobs anymore, let alone any job. 😕


In today’s world we have to think outside the box. We have to see the bigger perspective. For most people the point of having a job is to make money. If that’s the case then we should start with the money, not the job. Financial security means having a financial plan. It should begin in life as early as possible, but it’s never too late for anyone to start. Giving our finances priority means learning about our career paths, and life choices. It’s about making financial goals regarding savings, investing, and retirement. Financial security means knowing what we want our money to do for us. It means giving our financial future a purpose.

Finding job security can be a part of our financial security, but it shouldn’t be the priority. Job security is about finding a job. Financial security does that too, but it also teaches us how to survive if we lose a job. With a direct understanding in financial literacy we’ll have the knowledge and confidence to utilize other options like entrepreneurship, investing, network marketing, etc, in case we aren’t lucky enough to land our dream jobs right away.

The governor of the Bank of Canada recently received some heavy backlash from vocal individuals when he suggested that unemployed millennials should volunteer their time to build up relevant work experience. He probably meant volunteer work would help improve someone’s resume. However his words could also be interpreted to mean he supports unpaid internship. And there’s a lot of people angry about corporations taking unfair advantage of young people who are willing to work for free. I’m glad I’m not a public figure. In today’s politically correct world it can be difficult to speak candidly about anything. The best way to not offend anyone is pretend to be old, ignorant, and poor, lol. No offense. 🙂

Random Useless Fact:
On August 16, 2013, Google went down for 5 minutes and in that time, the global Internet traffic dropped by 40%.

Nov 172012

Popular search terms that brought visitors to….

Nov 16th – from Halifax, NS…
canadian net worth statistics
The median net worth for an individual Canadian adult is $89,014. But the median net worth for a family in 2005 was $148,350. 

Nov 15th – from Chicago, Illinois…
“i bought apple stock on margin, what should i do”
Depends on your investment philosophy. As a giant tech company Apple may be volatile in the short term, but most analysts on Wall St. believe the long term prospects of the company is solid. I would hold onto it personality.

Nov 15th – from Williams Lake, BC…
“1500 dollars a year dividends”
You would need an investment portfolio of $50,000 worth of diversified stocks with an average of 3% dividend yield to make $1500 a year. If you buy the XIC ETF, which follows the S&P/TSX composite index, you will need about $54,000 because the yield is a bit lower.

Nov 14th – from Toronto, ON…
“where to purchase box gold bullion coins in toronto”
Easiest way is to phone a local Scotiabank and ask if they have any. I’ve heard they deal more bullion than the other big banks. Of course it’s always a good idea to compare prices so feel free to use Google maps, and you want to search for the term “bullion exchange in Toronto.” You will see at least half a dozen companies that buy/sell gold.

Nov 14th – from Prince George, BC…
“which stocks to invest in rrsp”
Canadian REITs (because some distribute income which is taxed at your marginal tax rate,) Canadian bond ETFs, and US stocks that pay dividends (so you can save 15% tax on those dividends)