Happiness Has Become My New Rich : Net Worth Update June-Aug 2017 (+0.43%)

BE THAT ONE PERSON WHO PUTS HAPPINESS FIRST AND YOU WILL FIND THE GOLD YOU TRULY SEEK.   The richest man or woman is the one who believes that happiness comes before money. In a sea of unhappiness because of job loss, minimum wage, health and all things related to money be that ONE person who puts happiness first. I knew the time would come where I’d have to write a post like this and tell everyone, we spent a large amount of money. Don’t worry I’m not crying over financial loss rather I’m jumping for joy because I understand more than ever what happiness is. I talk to many people daily while networking on social media many of which are not rich in numbers but seem to be content. They don’t have everything they’d like to have but they get by and still manage to have a laugh and create fun instead of buying it. You don’t have to sail around the world to be happy, only YOU can do that. Money doesn’t buy happiness, bla, bla, bla. I know you’ve heard that and it is the single most smartest thing I can agree on in personal finance. My […]

Is there such a thing as healthy debt? :PF Grab a Brew #79

WHAT DEBT MEAN TO YOU   When does owing money become healthy debt or unhealthy debt? When will you be debt free? Can you handle having debt? What does handling debt mean? These questions and many more can only be answered by… you! I was reading a recent article on Yahoo about how Canadians are potentially facing debt fatigue which keep people on the beaten debt path. It’s not surprising though with the amount of people who are swimming in debt with nowhere to go. What I found interesting was that maybe many Canadians find having debt less of an issue because interest rates are so low. Really? Is that how you feel? I would hope that we as Canadians take that as a warning as well as a blessing to make sure that we are money ready just in case some twist of financial fate comes our way. I’m a planner so when we started using our budget spreadsheet it was a relief knowing that we were spending less than we earned with some room for movement just in case.   When will you be debt free?   A recent poll by CIBC suggests that age 53 is when […]

Do you know the laws when travelling abroad? : PF Weekly Grab a brew #58

KNOW YOUR RIGHTS   Do you really read about the laws of the country you are about to visit when travelling abroad? Shaking your head no, don’t worry me neither. I’ve been to many countries around the world in the 30 odd years I’ve been around and Canada was the only place that I did. To be honest the laws of each destination that I visited weren’t something that crossed my mind although it really should have been. Before I became a permanent resident in Canada I did look into the laws of the road and driving and how I would be insured since I was visiting from abroad only because my wife had brought it to my attention. It’s important to know what your rights are and whether your insurance will cover you in the event of an accident but also what the laws of the country are involving certain situations such as the horror described below. I was disturbed to read an article earlier this week about Canadian Justine Davis from Toronto who was travelling through Cuba with her three-year old son. While on a rented scooter just before this past Christmas they were involved in an accident […]

Should I Rent Or Buy? The Million Dollar Question

Never have so many Canadians today faced such a tough question in “Should I Rent or Buy?” It’s the million dollar question but I’m not going to make it any easier on you because the answer to the question really is – it depends. There are a number of questions we can ask ourselves to determine and narrow down the grey areas here and provide you some clarity for your own situation. Should I buy a property? The fact of the matter is that we are just coming off of the greatest housing boom in the history of the world. This is no small statement. Many fortunes have been made over the last decade in the western world by buying property. But what now? First let’s look at the three reasons why you would buy a property: To use as a primary residence – this is the main reason to purchase property for the majority of Canadians. We occupy the home for our own use and derive value from using it as our family’s shelter. To gain capital growth – the last 10 years have been a wonderful time to rise with the tide of increasing property values. This is […]

PF Reading List #14- March Job Loss In Canada, Change Your Life Or Your Attitude!

March Job loss in Canada was a whopping 55,000 or 7.2% for Canadians, meaning that there are more people looking for work than ever. What was interesting in this yahoo article was that self-employment had risen in March by 39,000 which leads me to believe that more people are seeking out their own opportunities. After all, why wait around for the jobs when you can create your own. Ways To Make Extra Money Some people are starting up couponing websites to make extra cash or joining other organizations as sales associates online but with their own front line business deal, etc. I know many people have emailed me about “How to start a blog“, but sadly not everyone makes thousands of dollars each month with a blog. Blogging as a side income is good but don’t get all wound up in the easy money ploy because it’s not. There are many ways to make extra money with passion and determination but it won’t happen overnight and nothing in life is guaranteed either. Dig Up Your Degree! Money Ning wrote a post about organizations wanting a BA now from candidates for jobs. Some jobs that once required nothing more than a high school […]

PF Weekly Reading List #12- Canada Budget 2013, CBB vs RFI (Guacamole)

  My morning consisted of a hot cup of coffee (OK 3) and a read of the Canada Budget 2013 that was released Thursday. It’s quite long but I picked out a couple of bits to chat about today. After reading through it I found this quote from Minister of Finance Jim Flaherty,“We will remain focused on what matters to Canadians—jobs and economic growth, and ensuring Canada’s economic advantage today will translate into the long-term prosperity of tomorrow”  motivational from my perspective as permanent resident. Returning to a balanced budget seems optimistic throughout the budget plan with the deficit projected to drop each year and the government hoping to balance by 2015-2016 which they believe will strengthen Canada’s fiscal advantage. When I read this budget update these key words stood out- promote, extend, provide, enhance, build, help, improve, continue, invest, create, support, connect, opportunities, action, increase, invest, renew, introduce and initiative, all words that I believe create a unity or air of optimism. As we all know when creating a budget anything can happen so I’m sure many Canadians will be following this closely to see how well we stay true to this budget and how it unfolds over time. I believe a […]

The Saturday Weekend Review #4 January-Marketplace On Bank Fees~Magnifying Glass Needed!

While eating dinner last night I turned on CBC Marketplace one program I actually enjoy watching on the television here in Canada. If you are not familiar with Marketplace it’s a program that backs Canadians as our consumer watchdog now in it’s 40th year. Marketplace co-host Erica Johnson asked Canadians “Do you have a gripe about Bank Fees?” and busted the big 5 banks. This was great, I almost wanted to break out a bag of Orville Redenbacher, finally someone is speaking up. She says that people feel that banks are “ripping them off”. It’s not surprising when we hear that some Canadians are forking over $50 a month. According to the Canadian Bankers Association spokesperson in the show, “31% of Canadian pay no fees” and the rest, well I’m afraid, you do. When was the last time you sat down and went over all your bank statements to check how much you pay for fees? Preet Banerjee, an independent Personal Finance Expert and Blogger at WhereDoesAllMyMoneyGo.com voiced his opinion and says, “we are partly to blame because we don’t keep track of all these fees” and I agree. It’s the same with budgeting we need to know where our money is going, how else […]

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