Jul 222015
 

It’s time again to learn about you, the readers. :D Are you a breadwinner? Last year Freedom 35 Blog visitors were asked who the primary income earner is in their households. Here are the results. Thanks to everyone who votedΒ (^_^)

15-07-poll-results-primary-income-earner

I think what the poll results show is that people who read personal finance blogs tend to make more money than his or her spouse. πŸ™‚ Out of the 67 voters who live with other people, 42 (63% of them) claim to be the main person to bring home the bacon. I don’t think it’s a coincidence. Those who have a higher affinity for making money will probably be drawn to reading blogs about how to make more money. Even people who don’t have high paying jobs can still become the breadwinner of a family through other means. For example, with my recent acquisitions that I wrote about earlier this week, I’m now making about $17,000 a year from investment income alone.

The nice thing about investment income is it gives us a lot of control over our household finances. For example I could sustainably increase my investment income to $30,000 per year if necessary. But doing that would slow down my portfolio’s long term growth so I’m choosing not to do that since I don’t need the extra money right now.

Investment income is less risky than a salary or wage as long as our investments are properly diversified. A well balanced portfolio should continue working for us even while we sleep. Furthermore, capital gains and dividend income is tax less than earned income so even the tax agency wants to reward investors. πŸ™‚

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Random Useless Fact

We tend to be very good lawyers for our own mistakes, but very good judges for the mistakes of others.

 

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

 

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 😯

Sep 182013
 

Time again to learn about you, the readersΒ :DΒ Earlier this year I put up a poll on this blog to find out how much wealth we all had.Β Thanks to everyone who votedΒ (^_^) Here are the results below.

13-9-poll-networth

I’m surprised no one who voted has a negative net worth. So even if people have student loans and other debts they somehow have enough assets to still retain positive wealth. The median net worth of fellow readers appear to be around the $350,000 mark. That is quite impressive since the median net worth of Canadian households is only about $230,000. Congrats fellas πŸ˜€ The typical reader of this site is 50% richer than the general population. Is it just a coincidence or because of all the useful financial and investment strategies I write about πŸ˜‰ Joking aside, I think it’s because people who are serious about taking control of their finances are more likely to be wealthy and are also more likely to stumble across my blog 😎
Continue reading »

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.

13_06_quote_jake_sucking, jake, occupation