I have been battling a financial addiction since 2008. It has unfortunately gotten worse every year 😐 I just kept going back for more, and couldn’t help myself. The potential harm of this long term abuse came up in a discussion recently when a friend in Toronto asked me what would happen if I lost my job 😕… Read More »
[Edit] The following post was written in July 2014. I’ve posted an update in October about my purchased Sherritt Bonds. It’s not doing so well. [/edit] ———————————————————- Investing in High Yield Bonds Last year I blogged about wanting to invest in bonds as one of my goals because I’ve heard smart people invest in stocks, but smarter people invest in bonds… Read More »
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 »
Over the course of our careers we are expected to make more money as we become more skilled and experienced in our field 🙂 But with everything from food to housing becoming so expensive some people may be led to believe that we will always be losing real purchasing power because our pay raises will never grow as… Read More »
The Student Loan Dilemma Many students are hesitant to take out student loans. Is improving your human capital through further education a good reason to take on debt? The Changing Times In 2002 there was $300 billion federal student loans outstanding in the US. Today it’s more than $900 billion. Part of this dramatic increase is due to the… Read More »
Jérôme Kerviel worked for the second largest bank in France, Société Générale, until he went rogue and made a lot of fraudulent trades. He cleverly execute trades by sending fake emails from hacked computers. If his trades were to have been successful he would have became very rich today. But with great opportunity comes great risk and unfortunately for… Read More »