Category Archives: Saving

Spend Defensively, Invest Aggressively

Save Invest

I adhere in the philosophy of spending defensively while investing aggressively to achieve your goals of financial independence. This is especially true if you are a young and unattached individual. What does this mean? This means reducing your monthly budget as much as you can sanely handle while increasing your portfolio risk as much as you can …

What’s in your wallet?

Wallet

I have to admit, at it’s current state, my wallet is pretty bloated. I figured to make this post to review the contents of my wallet and whether I need the cards in there or not. Currently, I am carrying: 1. TD Debit Bank Card- I rarely use this. However, this is an emergency precaution. If I …

It is much easier being a one percenter today than before

One Percenter

As a prelude, in no way do I hate the top 1% or even the top 0.1% in any way. As a matter of fact, I personally strive to become a 1%. In the old days… In the old days, a person’s net worth is reflected publicly, for the most part. What I mean is that a …


The real reason why stocks are the best long term investment

Stocks

When discussing investments such as stocks or equities, treasury bills and bonds, gold and other commodities, or even collectibles, people tend to lose sight of the forest from the trees. Why is that? Because really if you break it all down: When you invest in stocks or equities, you are investing in companies and businesses. …

How strong is your personal balance sheet?

Balance Sheet

Balance sheet analysis is the staple of fundamental analysis for a stock. A healthy balance sheet let’s their owners know the stability of the company. However, what I rarely see are investors that analyze their personal balance sheet. I am going to draw out several sample balance sheets of people in various situations and run …

Why your youth is the best time to accumulate wealth

Youth

You are 23. You just graduated college and landed a great job paying $50,000 a year. After suffering for 4 or more years on student loan money or scholarship money, you finally have some spending power. You’ve already mapped out your plans to splurge the new dough: 70″ TV, Iphone 6, Alaskan Cruise, Luxury Condo, …

What were the original DOW components?

Dow Jones Logo

Today, it is impossible to talk about the general economy of the United States without mentioning the DJIA. Every few years, companies are added and removed. Each year, new industries pop up. Old industries slowly fade away. Ever wonder what the original ‘dirty dozen’ were and where they are now? With some research, I’ve compiled …

Scotiabank Scene Visa Analysis

Scotiabank Scene Visa

As I’ve mentioned before, I am a pretty big movie junkie and enjoy going to my local Cineplex a several times a month. I usually go during summer times for blockbuster hits. Thus, I’ve been wondering if the Scene Visa worth getting for someone like me. As a side, if you are looking for ways to …

RBC Shopper’s Optimum Mastercard Analysis

RBC Shoppers Optimum Mastercard

I’ve been meaning to do a RBC Shopper’s Mastercard for awhile. This will help you guys figure out if it is worth getting. As a prelude, I will be using the term SDM alot. SDM is just an acronym for Shopper’s Drug Mart among internet circles. What are the rewards? 1. Earn 15 SDM points for every $1 …

CIBC Petro Points Mastercard Analysis

CIBC Petro Mastercard

Below contains a detailed cost/benefit analysis of the CIBC Petro Points Mastercard. What are the rewards? 1. Get an initial bonus of 15,000 Petro points on your first purchase 2. Save 2 cents per litre when you fuel at Petro Canada 3. 10 Petro Points per dollar spent everywhere but Petro Canada 4. 50% more points when purchasing groceries, drug …