It’s time again for my monthly net worth update – The June 2007 edition. This past month has been brutal in terms of unplanned expenses. Let me list them down for you: Auto Insurance: $2450 Auto Registration: $180 Home Insurance $1250 (both houses) SUV Repair/Summer tires: $1000 New Home Construction Deposit: $5,000 (not really an…

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Since I’m in home buying mode, I will share with you some expenses involved with purchasing a home. A lot of young readers here don’t own homes yet, so this may help with the planning. Legal: In Newfoundland, purchasing a home with a mortgage requires that you pay a “mortgage tax” which works out to…

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I got a common young couple question from Fab (Cashflow 101 charity sponsor) a little while back about whether it’s better financially for his wife to stay at home and take care of their children, or go back to work. Here is the question in more detail: … for families with young age kids (like…

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Jimmy sent me an interesting question the other day, something that all us married folk should be thinking about: For a married couple where neither has a will, how do the assets get distributed? Do they go straight to the other person? As I am not a lawyer, I don’t have precise answers. However, this…

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There has been a lot of talk of Asset Allocation around the blog world so I thought I’d join in. Based on my current portfolio, here is my asset mix of my investments (not including savings and pension): Total Portfolio: $184,773 (obtained from my May Net Worth Statement) Cash: $32,000 (17.3%) Bonds: $3,870 (2.1%) Equities:…

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To continue on from Part 1 of Stock Market Beliefs, Ed Rempel explains some of Ken Fishers reasonings behind the common stock market beliefs. In part 1, I listed 20 commonly believed myths that Ken Fisher disproves, and 3 commonly held beliefs where he proves the opposite is true. Here are a couple of examples…

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Ed Rempel, a CFP and CMA, has been a regular guest poster on Million Dollar Journey. This time he has written about typical stock market beliefs that are proven false. This is part 1 of 2. Every once in a while, I come across a truly fascinating book. I love reading financial and investment books.…

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As I was reviewing my financial goals for 2007 the other day, it dawned on me that it’s half way through 2007! I figure now is a good time to discuss my progress thus far. I have listed my goals and progress below: Goal #1: Increase passive income to $500/mo Progress: As I last reported…

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