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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The Position of FU
Sep16

The Position of FU

Sometimes there is some deep level wisdom coming out of Hollywood and there is certainly something to be learned by this short one minute snip from the movie The Gambler. I agree 100% that the position of fuck you would be a great position to be in, but I want to clarify that it doesn’t mean that you are now free to be an asshole, it means you can better spend your fucks on things that actually matter to you. It means that you...

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We need more people like Gremel
Aug17

We need more people like Gremel

This is a good example of the power of compound interest over a long period of time. The fact that you can turn $1,000 into 2 million is – Mind blowing. I’m almost certain at the age of 98 you have just about zero fucks left to give and that totally explains why buying a fancy house and multiple cars would not be be something that Mr. Gremel would be interested in. And if he ever was interested, he would have bought these...

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DRIP – Not your kitchen Sink
Aug14

DRIP – Not your kitchen Sink

My kitchen sink is currently dripping like a cold wet winter in Vancouver. But don’t worry I’m off to fix it as soon as I’m done writing this out for you. On to the meat – DRIP (Dividend Reinvestment Plan) It’s just a nice way of saying that any dividend payments (your money) that you receive from an individual stock or ETF will automatically go towards purchasing more shares/units of the same. That means...

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