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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The Big Mean Banks Are Out To Take Your Money
Nov21

The Big Mean Banks Are Out To Take Your Money

News flash the big Canadian banks are retail operations and their purpose is to sell you things. Shocker! I know it’s hard to believe but just like most other retail stores, they have products to sell and sales targets to achieve. And just like other retail stores they also have managers that expect their employees to achieve these goals. Because, guess what? Those same managers also have sales targets and goals. Now that is out...

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Your Money is Your Time – Don’t Waste It
Mar12

Your Money is Your Time – Don’t Waste It

It’s possibly the worst trade you will make in your entire life, your time for money and stuff. Quick question – If you were in the possession of a resource that was very rare and had no way to replenish itself, would you trade that resource for something that was available everywhere and easy for everyone to attain? Hell NO! That sounds like a raw deal. Why would anyone trade something finite (Life – If you’re...

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Get Your Piece of “Shred Equity”
Jan25

Get Your Piece of “Shred Equity”

Would you like the chance to experience some of the finest powder in the world and own a piece of the mountain as well? Here’s your chance to be that badass ski mogul you’ve always dreamed of (pun intended). Red mountain in little Rossland B.C has started a campaign with startengine.com to gauge whether there is enough interest to offer equity to the Canadian public. So far so good – as of writing they have over...

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