The Greatest Invention in Human History – Compound Interest
Nov27

The Greatest Invention in Human History – Compound Interest

Albert Einstein said, “The most powerful force in the universe is compound interest” or was that Socrates? Anyway, don’t believe everything you read on the internet. Compound interest may not be the most powerful force in the universe but it’s the secret sauce to wealth accumulation. Simply, let your money go out and make you more money. I get it – right now it’s hard to find a savings account that...

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RunBet – The kick in the ass that you probably need.
Aug28

RunBet – The kick in the ass that you probably need.

I’m too weak, my breakfast was too big. It’s raining outside. I’m too fat, I’m too thin. It’s too hot. I have a headache. I would love to really, but I just can’t. My favorite show is on. I have a bad case of the Mondays, the Tuesdays, the Wednesdays. After new years I will start. I get too sweaty. I feel bloated. It’s too hard. I bruise easily. It’s too dark. It’s too cold....

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DIY Oil Change in 10 min without tools and banking $250K to do it
Jun27

DIY Oil Change in 10 min without tools and banking $250K to do it

A good buddy of mine Kyle commented the other day on how he would prefer to just pay someone to do his oil changes. He said something like “it’s just not worth it to change my oil and it’s easier to pay someone else to do it”. Despite doubting his manliness, I call BS on “not worth it” (sorry bud) and let me explain why. In a perfect world, everyone would be driving a tesla, walking, running, riding...

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RESP – Is it worth it?
Feb15

RESP – Is it worth it?

I’m certain there is some sort of government mandate to make seemingly simple stuff as confusing as possible. The RESP (AKA – Money for your kids education) is no exception, it actually might be the rule. I imagine the conversation at the CRA going down like this “Hey Joe, this new RESP program you drafted up is crap. I understood the whole thing, the first time, without needing a translator. Can you go ahead and...

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24 Ways To $ave Dat Money
Jan31

24 Ways To $ave Dat Money

David Burd, better known by his stage name Lil Dicky, is an American rapper and comedian. At the age of 31 Lil Dicky’s net worth is estimated at over $8 million dollars. You might want to watch this video twice as Lil Dicky provides several real ideas on how to reduce your spending and $ave Dat money. For those of you who can’t watch the video *NSFW – I’ve extracted the best of LD’s money saving tips...

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À la carte or Buffet – The $20 Cell Phone Plan
Jan21

À la carte or Buffet – The $20 Cell Phone Plan

FREE iPhone X, FREE $200 gift card and FREE washboard abs. Just sign here! But before you do – realize it’s all a LIE – even the abs. All those advertisements you see for free upgrades, gifts with purchase and free iPhones are not really free, somebody pays and that somebody is you. It’s stacked against you by design. There is only one thing (possibly two) things in life that are always free: a mother’s...

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It’s Stacked Against You
Jan10

It’s Stacked Against You

There is a reason that the debt levels in Canada and the US are approaching all time highs. The average Canadian owes about $1.70 for every dollar of income he or she earns per year, after taxes. This is not an oops I slipped. This is by design. No one actually wants you to save money. Almost everyone is out to get a little bit of your dinero. I mean everyone, even your own kids are out to get you. They are constantly asking you for...

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TFSA – It’s a Gift and it’s Tax Free
Dec19

TFSA – It’s a Gift and it’s Tax Free

TFSA (Tax Free Savings  Account) as the name suggests is a Tax Free Savings Account. But this is just plain WRONG. The banks already have accounts for that. So from this day forward you will refer to this account as a Tax Free Investment Account. An account for investments, not cash, braindead GIC’s or for use as an emergency fund. Got it.  Good news, in a couple of weeks you can shovel another $6,000 into it. You...

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