It’s time again for the monthly net worth update – The Halloween 2007 edition. October was an interesting month for us.  We sold our house and moved into a rental while our new home is being constructed.  As we currently are in limbo, our net worth statement will be a shaken up where the assets…

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I was going through some old stuff and found an old finance book that was written in 1990 called Wealth Building without Risk For Canadians.  Within this book had a whole chapter on investing in second mortgages.  I'm not sure how common these second mortgages are these days but as I am interested in real…

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Just got off the phone with my builder and it appears that, like any new home in Newfoundland, the basement will come uninsulated.  I considered getting the builder to insulate the basement for me, however, I'm attempting to become more handy. After attending a few Home Depot seminars, I'm pretty confident that I can tackle…

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Lots of good articles from around the web this week. Dough Roller has hosted the 123rd Carnival of Personal Finance – The Boo Edition. I submitted the article "Preparing for a Move". Canadian Capitalist tells us to "Say No to PPN's" Canadian Dream inspires us with his financial success story. Four Pillars writes a review…

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A reader wrote me the other day to ask why I don't write more about real estate.  I thought for a little bit about this question, and the answer is that I really don't know.  Perhaps my real estate drive has decreased over the years?  Have bad tenants jaded me so much as to turn…

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So, after you've followed the criteria for purchasing a rental investment property and snapped one up, how do you screen your potential tenants? I've been a landlord for a few years now and I've seen it all when it comes to tenants.  Good ones, bad ones, all shapes/sizes, and all financial the predicaments you can…

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As our new house is nearing completion, a lot of my brain space is spent on various ways to save money around the house.  One way that really stands out in my books is energy conservation.  Since Newfoundland has a fairly long cold season, it would make sense to maximize energy efficiency around the house. …

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