It’s Better to Invest than to pay down Mortgage debt Many financial gurus will advise home owners to make lump sum payments on their mortgages and pay them down sooner rather than later. However I worry people may be under estimating the power of opportunity cost. Let’s work through the numbers and look at some facts instead of… Read More »
Saving is important. Without savings, one cannot even invest. Most of my net worth today is thanks to my special saving method. Actually, there’s nothing special about it, but it works for me. Below is a chart of my after-tax income and spending history over the last 3 years. The difference between my income and expenses, as you can imagine,… Read More »
My bank’s checking account has a $3.95 monthly fee. However this fee is dropped if I have at least $1,500 in that account for the entire month. Typical right? Just about every bank does this. Keep a minimum balance in your account, and the account fee is waived! I used to maintain the minimum balance to avoid paying… Read More »
Isn’t it frustrating to call up a bank, or insurance, or hydro, or internet, or any other service and be put on hold for 15 min or more before actually speaking to someone? *sigh* (-_-‘) Well as it turns out there’s a really easy way to bypass the long wait times >^_^<. If you are lucky enough to be… Read More »
I went to the Vancouver Resource Investment Conference over the weekend. It was organized by Cambridge House. It was a conference for businesses and investors to come together and discuss all things related to energy, metals, and other resources. Over 500 companies set up booths, and thousands of investors like myself showed up to the exhibit hall. There… Read More »
Earning side income is often touted as a good way to subsidize one’s full time job. The more work you have the more money you make. But there is a hidden benefit to it that is often overlooked called the compound income phenomenon, which works like compound interest. The more income streams you have, and the longer you keep them… Read More »