How To Sell Personal Possessions For Maximum Return

THE IMPACT OF WHAT YOU LEAVE BEHIND MAY COST YOU MORE THAN YOU’RE SAVING   If you own something free and clear then it belongs in the personal possessions pile of your life. Getting rid of clutter has been our biggest goal for 2018 especially since the passing of my father-in-law and now my mother-in-law who has been diagnosed with onset Alzheimer’s disease. Since then she has purged the entire home because she wants very little in it. She continually says, “I’m just one person” although when my father-in-law was alive it was only just the two of them and boy did they collect lots of things over the years. Honestly it looks like the house is for sale but it’s not. She’s just is sick of the clutter and wants it gone and in some ways, I don’t blame her. Our space should be important to us whether we have a large space or a small space and filing it up only takes away from our room to move freely, something we should value more than stuff.   The time to purge is every day   Out with the old and forget about anything new or used.  Stop bringing […]

Saving almost 50% of his Gross Income is no longer a dream

YES THAT’S BEFORE TAXES   In my February 2015 net worth update post I mentioned I was saving approximately 50% of my gross income – my goal for 2015 is 45%. The reason I set this goal is my expenses in life right now are likely the lowest they will ever be for the rest of my life (not married, no kids, modest house), so it’s important to focus on savings while the going is good. I suspect that my salary will increase at a modest rate for the next few decades; however, my expenses will increase at a higher rate. The key thing about my savings rate is a lot of it is a result of preemptive planning. Below I’ll tackle each piece of my expenses and discuss tips and ideas on how you can trim these down in your own budget.   Government deductions   The government seems to always have his hand in our pocket. This expense is without question my largest, which requires some careful planning to ensure I’m not needlessly paying too much. The main focus of any budget conscious taxpayer should be to legally minimize taxes in a cost-effective manner. As a chartered accountant […]

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