What should your net worth be? Author Thomas J. Stanley, first published his Wealth Equation in the book, Marketing to the Affluent. He states that your household’s net worth should equal 10% of the age of the primary breadwinner times your household’s annual realized income. So your expected net worth = (Age)x(0.1)x(Income) If you are in the Balance… Read More »
A rough start to the new year January was such a bizarre month for world news. Bushfires scorched Australia. The U.S. assassinated a general in Iran nearly starting a war. Then out of nowhere Iran shot down a passenger plane full of civilians. Firefighters in France set themselves on fire and fought the police. Britain officially left the… Read More »
Why it’s hard to replicate success After celebrating my millionaire status last year I reflected on my past and examined what factors contributed to my financial growth. I’ve realized that a big part of my wealth comes from simply being in the right place at the right time. 🙂 Sometimes good things just happen to me for no… Read More »
Farewell to my 310 acres of Saskatchewan farmland Farmers and Wall St. bankers don’t have much in common. But something they both seem to enjoy is getting down and dirty with their hoes. 😉 Farming can be difficult. Some grain farmers barley scrape by. Luckily for me it’s a lot easier investing in farms than working on them.… Read More »
Happy New Year! 😎 As a personal finance blogger, I celebrated New Year’s Eve properly in the traditional fashion – by looking up the new value of my home on the BC assessment website. 😀 Needless to say my condo’s assessed value for 2020 has dropped. I will update my net worth next month to reflect the new… Read More »
Learning from my past mistakes As a peer to peer investor, when no one else is around I would find myself a loan. 😀 I’ve been investing with Lending Loop (LL) for over 3 years now. My first year in 2017 ended with a 10% return net of expenses. Then last year I made 11%. But in the… Read More »