Monthly Archives: June 2014

New Purchase – Mortgage Investment Corporation

MICs – Real Estate Investment Through Debt It appears both the real estate and stock markets in Canada are at all time highs 😯 Meanwhile yields on bonds and GICs are still near record lows. 🙁 Even cash is losing its appeal because energy and food prices have pushed the inflation rate to a multi-year high. Which begs the question: Where… Read More »

More Wealth, More Debt

All Money Comes from Debt All the money in your bank account right now was created from debt in one form or another. The government creates money by issuing debt (bonds.) It then pays this money to public service employees, and the money eventually gets spent into the economy. The money from private sector jobs comes from debt as well. Small businesses often… Read More »

Strong Canadian Housing Market 2014

The Canadian housing market continues to defy gravity! 🙂 According to CREA the average home price in May increased to $416,584, a 7.1% jump from a year ago. The number of homes sold also increased by 5.9% month over month, which is the largest gain in several years. A lot of people feel concerned that this kind of growth is unsustainable. They… Read More »

Ask the Universe – Jim Carrey’s Inspirational Speech

Canadian comedian and actor Jim Carrey gave a moving commencement address to a class of 2014 last month. In his speech he describes how people often make seemingly practical choices that are actually based on fear, and how this can turn into a costly mistake. It’s true for many aspects of life, including personal finance. What I want is to become financially independent. But… Read More »