In 2008 I started out with no assets and zero investment income. All I had was a dream. 😅 Since then I’ve worked hard to make my dream come true. And today I have 3 real estate properties, a growing stock portfolio, and a 6 figure investment income. In today’s post I’ll break down all the ways I… 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 »
How to Prepare for Higher Borrowing Costs My debt to income ratio is about 500% while the national average is around 173%. Readers sometimes email me and ask what I will do when interest rates rise. My answer is simple. I tell them I will pay down my debts in an accelerated manner prioritizing the highest interest loan first.… 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 »
A dedicated reader recently emailed me about how I’ve managed to reach my financial position today without making a large income. So I thought I’d reveal one of my best kept secrets to becoming rich: Taking money from the government 😉 I’ve blogged about my various income streams in the past, but there is one income source that I… Read More »
The term on my mortgage is up for renewal in a couple of months. I have to decide between fixed or variable. The good news is that interest rates are lower today than when I bought my condo almost 4 years ago so no matter what I choose my monthly payments should become lower. My strategy is to… Read More »