Archive for February 2007
February 2007 Net Worth Update (+3.35%)
How time flies, it’s time again for a monthly net worth update – The February 2007 edition. No big changes this month, only that we finally got off our butts and used some of our savings to pay off the car loan of ours. Yes, I know, we should have paid that off a LONG…
Read MoreOptimizing RESP contributions
I was doing some reading on Tim Cestnick’s site today and came by a great article on optimizing RESP contributions that I thought I’d share with you. For those of you who don’t know who Tim Cestnick is, he is a one of the most renowned Canadian tax authorities in Canada. He’s written a few…
Read MoreReader Mail: Optimize Pastor Brads Finances!
Over the months, I have noticed that there are some very smart readers on this blog. The comments that are posted on my articles are proof that my readers really know their stuff. Last week, I received an email from Pastor Brad who currently resides in Calgary. He wrote me about his financial situation and…
Read MoreCIBC Offers Low Trading Commissions!
What do ya know, a big bank has finally gotten competitive with their trading fees. CIBC now offers the Edge Advantage trading package that gives you 50 trades for $395/year. This works out to be around $7.90/trade with no limit to the number of shares you can buy. After the 50 trades are up, it…
Read MoreRetiring Early – Part 3 (Conclusions)
Continuing from Retiring Early – Part 1(Expenses), and Part 2 (Income), we will trek on with Part 3 – my conclusions regarding retiring early. This article will focus primarily on the savings required to meet our retirement goals at certain pre-defined ages that make sense for us. Here are some tables summarizing our income, expenses,…
Read MoreRetiring Early – Part 2 (The Income)
To continue from Part 1 of the Retiring Early series, we need to determine how our income and savings will pay for our expenses, and how early we can actually retire. We will assume that we die broke. To summarize our expenses that we calculated yesterday, we determined that we’ll need: $44,616/year (in todays dollars)…
Read MoreRetiring Early – Part 1 (The Expenses)
After reading “Why Swim with the Sharks?” I have been fairly curious about how much my wife and I would actually need to retire assuming a comfortable retirement lifestyle. So, lets work on a case study… me! In the book, the author suggests that you calculate the expenses that will be eliminated on a monthly…
Read MoreBook Review: Why Swim with the Sharks?
It’s been a while since my last book review, to be completely honest, I’ve simply been too busy sit down and finish a book. The book that I’ve most recently completed is called “Why Swim with the Sharks? – An unconventional guide to early retirement”. The book is Canadian based and describes how it is…
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