Should I Buy A Cheaper or More Expensive House? : The Saturday Weekend Review #181

DON’T BE A FOOL TOWARDS THE SHIMMER AND SHINE IN THE REAL ESTATE MARKET   The most expensive house in the world is the one you are living in or contemplating purchasing. Owning a home becomes your world even though some people consider a roof over their heads a house and never a home. Buying the most expensive house on the block is not something I would do unless I was paying cash or was 100% certain that I could maintain it even through unforeseen circumstances. The problem is that there are people who aren’t considering what could happen which could promote a for sale sign on their property. Plus, if you think those are expensive homes now just wait and see what happens if you find major issues with the home down the road. Be ready to part with money you thought you had saved for something more than surprise home renovations. Whether you buy a cheap house or an expensive house you are now holding something expensive that could cost you even more.   The hometown living vibe is slowly being lost   Many families are being forced to move away from their hometown mainly Toronto and Vancouver […]

How To Ditch Your Pricey Mutual Funds

By: Mark Seed (If you’d like to contribute to CBB please contact me.)   GET PERSONAL WITH YOUR INVESTMENTS SO YOU KNOW EVERYTHING   Over the last few months, I’ve received a few emails from readers that go like this… I’ve been with my investment company for over 10 years now. I’d like to stay with them because I like them but I keep hearing that high fund fees are bad for your portfolio. Is that true?  Should I switch? If so to what? I like your blog a lot and I’m envious about how you managed to get out of your high-cost mutual funds into low-cost Exchange Traded Funds and some stock investing. Where do I start? What should I think about?  Readers, I sense your frustration.  I’ve been there so I know how you feel.  I feel my biggest investing mistake to date was investing in pricey mutual funds for far too long. Insanity: doing the same thing over and over and expecting different results – Albert Einstein. Today’s post will share my background in investing, why pricey mutual funds will hurt your portfolio and what you can do about it.   My background and mutual funds 101   […]

Does Your Property Listing Use Frosted Marketing Language?

BUYING A HOUSE IS MORE THAN JUST SWEET BUTTERED WORDS   How confident are you about every property listing you choose to visit that the house description will be 100% accurate? Probably not that confident and I don’t blame you. A property listing may be close to accurate but it may also be buttered up just a bit to motivate you to put an offer in on the house. Real Estate trends seem to be important big-ticket accessories for buyers and sellers but even then what is being sold should be what is depicted in the property listing. Have you really fallen prey to these marketing tactics in the real estate industry? Probably because they’ve been used for years because there’s no standards apart from, “Sell that house” as fast as you can. Does granite in a bathroom or kitchen turn on your buyers excitement? Make sure the granite counter-top that you may end up owning and paying big bucks for is the real deal! Buyers remorse is a sad place to be especially when you should be excited about your new home purchase. I read an excellent blog post that every real estate agent and private seller should read- […]

Let UFile Online Do The Hard Work at Income Tax Time (Review and Giveaway)

UFILE WITH A VIRTUAL ACCOUNTANT EXPERIENCE   As the first portion of the year starts we prepare ourselves to file our taxes for the previous year. I’m the guy who is in charge of filing our 2015 tax return for the family and this year I was lucky enough to review UFile Online. Today I’m going to share the results with all of you. With the income tax deadline of on or before April 30, 2016 (June 15, 2016 for self-employed) looming for taxpayers it’s time to finish up the 2015 year and file with Revenue Canada. Our 2015 income tax return has been completed and submitted. Now, we can relax and get on with life until next years tax season rolls around. I have learned a few things about filing an income tax return online this year with UFile and I hope you enjoy this review of what I consider to be one of the best tax return software for Canadians. When I came to Canada filing your taxes was all a little new for me since I had never filed taxes before. Filing your taxes for the year was unheard of as the tax system in the UK […]

Property Tax Bill-One Bill You’ll Never Burn : February 2016 Monthly Budget Review

THE TAX MAN HANGS AROUND FOR LIFE   In February like clock-work we get a letter in the post from the city about our new tax rate along with payment dates for our property tax bill. Whether it’s paying for income tax, property tax, product tax or anything that says tax you know you’ll never get away with dodging it. Which is why there are two certainties in life: death and taxes Every year the property tax bill gets higher and higher but that’s expected I suppose since it goes to pay for various things in the community such as municipal services, police, fire, transit and so on. I received an email from a young couple in the process of buying their first home and they wanted to know what the best way was to pay for their property tax bill. Dear Mr.CBB, My wife and I are just finalizing the sale of our new home and were wondering how we should pay for our property tax bill in order for our budget to balance. What else is there that we need to know about our new property and our tax bill? Thanks for any tips. -Chris and Angela If […]

This Simple Living Concept Allows Us To Save Thousands

MOTIVATE YOUR FINANCIAL VENTURES BY MOVING FORWARD   Simple living doesn’t mean that you can’t enjoy all the frosting that life has to offer in order to live a better today for an amazing tomorrow. You can! Just about everything we do today will in part affect the outcome of our financial future and some people worry about whether they have done enough to get them to the finish line. I’ve blogged for a few years now and ever since the beginning there has been one simple living concept that I have encompassed our entire financial path around because it works, a budget. The concept of budgeting for us revolves around this saying which I created years ago which is also pasted on our refrigerator door. It’s not about how much money you make it’s how you save it – Mr.CBB I received an email from a reader who is looking for some insight about investing and her financial future and motivation about not finding this blog earlier. Dear Mr. CBB, About 9 yrs ago I moved from Europe to Canada. It was always a big dream for me to live abroad and when I turned 30 I realized my […]

Why You Should Never Trust A Real Estate Listing

DON’T MISS THE OBVIOUS WHEN LOOKING TO BUY OR SELL REAL ESTATE   Whether you are buying or selling a house with a real estate agent or for sale by owner (FSBO) NEVER trust a real estate listing. I’ve invested in real estate since I was 21 years old when I bought my first house and a second at age 24. I’m not in the game of real estate to become a monster property millionaire but what I do know is that not all real estate listings are created equal. Finding the best real estate agent that will work for you isn’t an easy task but when you do remember that none of us are perfect and mistakes can happen. As a homeowner or buyer beware of any errors that could cost you thousands of dollars over the long haul once you move into your new home or sell your house. The last thing you want is your house sitting on the market for months because of en error no one is catching but potential buyers. If you want to add value to your house either you lower the price to gain attention or you add renovation/unique home perks to […]

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