*Dividends: Discount Brokerage = $200 Discretionary Spending: Eating Out = $65 Others = $164 *Net Worth: Assets: Cash = $5,500 (Unch MoM) Stocks = $44,100 (+1200 MoM) Home = $243,000 Liabilities: Mortgage = $211,300 (-300 MoM) LOC to buy stocks last month = $0 (-$3,900) Total Net Worth = $81,300 ( +7.26% MoM)Received income tax return this month… Read More »
Part of living a balanced life is allocating the right amount of money you make. There are 2 main categories you can put money towards, needs, and others. Our needs will vary depending on what we’re comfortable living with, what our appetite for immediate satisfaction is, our risk tolerance, and how much money we’re making. When I mention… Read More »
Electronics Arts in Canada is looking to hire a Technical Producer. It is a permanent, full time position, and they will pay you $130K to $160K annually. The interesting part is the barrier to entry for this job is so low compared to other professions with that kind of salary. All you need for an education is a… Read More »
Financial independence means different things to different people. To me, it can be broken down into 3 stages. Initial Stage. True Stage. Perpetual Stage. Part 3. Perpetual Stage: Like the True Stage, except you have extra wiggle room to deal with emergencies, inflation, lifestyle inflation, and unforeseen future expenses. Example: A school teacher spends $30K/year. He has a… Read More »
Financial independence means different things to different people. To me, it can be broken down into 3 stages. Initial Stage.True Stage.Perpetual Stage. Part 2.True Stage:You literally don’t have to do ANYTHING at all to make money and still get to enjoy your current lifestyle. Example: A school teacher spends $30K/year. His rental income from his apartment is collected… Read More »
Financial independence means different things to different people. Most of the time it’s about quitting the 9-5 job and spending more time to do what you want and still make enough money to live comfortably. To me, financial independence can be broken into 3 stages. Initial Stage. True Stage. Perpetual Stage. Part 1. Initial Stage: You can quit… Read More »