May 182017
 
cooking steak with Liquid

Welcome to this edition of cooking with Liquid. 😀 Today we’ll be making a simple yet delicious cheeseburger. As many of you may already know, McDonald’s recently started to sell its secret sauces in grocery stores across Canada. This is the first time ordinary consumers can recreate the iconic tastes of the famous restaurant at home without buying dozens of separate ingredients. So in today’s post let’s learn how to make the world renowned Big Mac sandwich! 🙂

Easy Big Mac Recipe

Ingredients:

  • Hamburger buns
  • Hamburger patties
  • Shredded lettuce
  • Chopped onions
  • Sliced pickles
  • Sliced cheddar cheese
  • McDonald’s Big Mac sauce

 

Cooking Instructions:

  1. Cook 2 hamburger patties.
  2. Place some lettuce and a slice of cheese on a bottom bun and toast it in an oven until the cheese melts.
  3. Place 1 cooked patty on top of the cheese, followed by another bottom bun.
  4. Continue stacking with Big Mac sauce, lettuce, pickles, another patty, and finally the top bun.

Eh Voila! Within 15 minutes you have yourself a juicy cheeseburger, Big Mac style. 🙂

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May 312015
 

Fast food and other low wage earners are often under-appreciated and misunderstood.

15-05-mcdonalds-worker-attitude

But they are an important part of the economy. Not only do they make breakfast and coffee for other people in the workforce, they can also inspire us to work hard and be successful. 🙂 There are different types of success. Making $100,000 a year as a lawyer could be one measure of financial success. But there are also success stories of very ambitious people who work in the lower paying service industry.

15-05-ny-bakery-worker

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Nov 162014
 

The secret to a long life may lie in the fast food industry, ironically. Earlier this year the founder of Chick-fil-A passed away at the ripe old age of 93. The Canadian entrepreneur behind Baskin-Robbins, Carl Karcher of Carl’s Junior, and Colonel Sanders of KFC all died at age 90. The founders of Hardee’s, Taco Bell, and even McDonalds all died in their 80s. Meanwhile the average life expectancy in the U.S. in 2012 was 79 years old.

14-11-fast-food-restaurants

At first I was surprised that these people who seemingly surrounded themselves by greasy fast food could live to be so old. But the more I thought about it the more it made sense. Restaurant owners usually have a solid understanding of nutrition so it would make sense for these entrepreneurs to eat well. And since they are rich they can also afford the best health care in the country. 🙂 I don’t think it’s a coincidence that fast food restaurant owners are wealthy and live long lives. It’s interesting how these moguls can be so passionate about their businesses but not consume their own products. Who knows. Maybe if we invest in these high caloric companies then we can also live long and prosper.

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Random Useless Fact:
The word “billion” (or its relevant translation) is by no means ubiquitous throughout the world; in many countries it means 1 million million, and even Great Britain used this system until 1974.

Jun 052014
 

Want to invest in China? The Shanghai stock market index (SSE) has returned an embarrassing -22% in the last 5 years. A buy and hold strategy would have lost money. Doh! The Chinese stock market is too mainstream anyway. So I’ve developed a better strategy to invest in the world’s second largest economy. My plan is a bit risky, and you’ve probably never heard of it before, but so far it’s proving to be very effective. If anyone else had held the same investments as me, their net worth would have also increased by more than $100,000 over the last 12 months 😀 See my fiscal updates category for details.

To successfully invest in China we have to think like hipsters, and buy stuff before it becomes cool 😉 So here is my strategy. Invest directly in China’s economy by purchasing financial assets OUTSIDE of China that the wealthy Chinese are also buying. Let’s study what the rich in China are investing in so we can predict with relative certainty how the next cohort of new Chinese millionaires will use their money as well. Then we just need to invest before they do.

So what are Chinese millionaires buying?

Generally speaking Chinese investors love real estate. An investment bank recently reported that the richest 1% in China owns about one third of all residential properties in the country. Holy hamburgers! Such property hogs 😯 They are so enamored with housing that it’s no surprise Chinese investors are looking elsewhere in the world to satisfy their real estate addiction 😕 The top three countries that are attracting Chinese investors are the U.S., Australia, and Canada.

14-06-chinese-realestate-foreign-countries Chinese foreign investors invest in china

Real estate agents do not have to disclose their client’s information to any global anti-money laundering organization. So foreign Chinese buyers can land with suitcases full of cash and get real estate deals done clean and fast.

China’s outbound real estate investment jumped by 25% in the first quarter of this year. Great Scott! The top cities to attract Chinese money so far in 2014 have been Chicago ($464 million), London ($348 million), Sydney ($243 million), Melbourne ($150 million), Los Angeles ($144 million) and San Francisco ($72 million), according to real estate firm Jones Lang LaSalle. Chinese buyers spent $30 Billion on overseas real estate in 2012. About $9 Billion of that went to the U.S. and a lot of that was in California.
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Feb 082014
 

A dedicated reader recently emailed me about how I’ve managed to reach my financial position today without making a large income. So I thought I’d reveal one of my best kept secrets to becoming rich: Taking money from the government 😉

I’ve blogged about my various income streams in the past, but there is one income source that I have never talked about, until now. This income provides me with thousands of dollars every year! (゜o゜) It’s undeclared income so I pay no taxes on it, which is perfectly legal 😀 It’s also not disclosed in the list of incomes on my take home pay vs expenses graph because it’s not technically a legitimate income 😕 But it is 100% passive, and gets automagically deposited into my bank account 🙂

In many countries like Canada and the U.S., the interest we pay on loans for investment purposes is tax deductible, as long as the investment is expected to produce an income, like with dividend paying stocks or rental properties. So if we pay $1,000 of interest this year on an investment loan, and our marginal tax bracket is 30% (like mine is,) then the tax man will give us back $300.

14-02-taxcat, tax deductible interest, passive income

Here’s a look at all my tax deductible debts taken from my latest net worth update 🙂 I’ve left out my mortgage and RRSP loan because those do not qualify for interest tax deductions.

  • Farm Loans: $208,300 @ 3.89% annual interest rate = $8,100 of interest /yr
  • Margin Loan CDN: $27,900 @ 4.25% = $1,200 interest /yr
  • Margin Loan US: $25,000 @ 4.50% = $1,200 (converted to $CAD)
  • TD Line of Credit: $33,700 @5.25% = $1,800
  • CIBC Line of Credit: $14,000 @ 5.5% = $700
  • HELOC: $17,900 @ 3.5%= $600
  • Total Tax Deductible Interest = $13,600

So after paying $13,600 of tax deductible interest this year I’ll be getting 30% of that, or roughly $4,000, back from the government 😀 This refund has zero risk since I’m guaranteed to receive the $4K regardless of my investment’s performance. Thank goodness I have debt 😀 Otherwise I wouldn’t be getting any of this money 😉

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