Tag Archives: inflation

The Ugly Truth About Inflation

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 »

My Best Performing Investment To Date

Triple Digit Returns on Currency Investment There are lots of ways to make money in the world. It’s up to us investors to find them. 😉 A couple of years ago I blogged about my investment in Zimbabwean dollars. I purchased some uncirculated $100 trillion Zimbabwean banknotes on the internet and paid CAD $5 for each one. 🙂 Back then I even made a prediction that… Read More »

April 2016 Fiscal Update – Inflation On the Rise

My net worth increased $64,000 so far in 2016  Goodness gracious me! 😀 That’s even more than my annual gross salary. Maybe I should quit my full time job already. Haha. But here’s the caveat. My net worth is measured in dollars. So I’m only becoming richer relative to the local currency. But as we shall discuss below, currency depreciation can be a… Read More »

The Advantages of Inflation

The Advantages of Inflation Today I want to share one of my biggest secrets to success. I will explain how I generate $5,000 of value a year in passive wealth creation using my mortgage and other loans. It’s automatic, hassle free, hidden from my friends and the government, and is completely legitimate. 🙂 The Destroyer of Credit Everyone knows that inflation drives up the cost of… Read More »

Succumbing to Lifestyle Inflation

Some folks believe earning a higher income is a valid excuse to submit to lifestyle inflation. But I don’t think lifestyle should necessarily be tied to active income because job security is a fickle pickle. However with a strong framework of growing passive income, a little lifestyle inflation is not only acceptable, but I would even recommend it because YOLO.… Read More »