Inflation protection Do you remember when air was free at the gas station? Now it costs $1.00. You know why? Inflation. 😀 It’s crazy to realize that the dollar has lost over half its value during my lifetime so far. One dollar in 1987 could buy what $2.33 can buy today. This is why everyone should hedge against… Read More »
My first online video If you start investing in your 20s, there are 2 practical ways you can become a millionaire by your 30s. One way is to save a lot of money. But this requires a very high income. The second way is more relatable to the middle class, which is to increase your investment rate of… Read More »
Let others make your mortgage payments for you If you’re tired of paying your mortgage on your own then this post is for you. The MIC manoeuvre is a legal tax strategy that allows you to effectively get other people to service your mortgage, so you don’t have to. How does it work? You simply borrow money to… Read More »
One advantage of owning real estate is being able to access the value of the underlying asset for financial gains. The more properties we own, the more equity we can use to buy additional properties. This is why it’s often easier for homeowners to grow their net worths, but harder for renters. One of the best reasons to… Read More »
Putting Household Debt into Perspective . Canadian households currently owe more than $2 trillion. Our average debt to income ratio increased to 170%, making us number 1 among the G7 countries. 🙂 But do we actually have too much debt? Well perhaps not. Comparing Canada to the G7 group conveniently omits other highly developed countries. Australia’s national broadcaster… Read More »
Why Do Governments Target 2% Inflation? The Bank of Canada maintains an inflation rate target of 2%. The official websites of Central Banks in the U.S., in Europe, and in Japan all appear to target this magical number when deciding how to conduct their monetary policies. But why? Inflation isn’t necessarily a good thing. There are ways to grow the economy and generate… Read More »