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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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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The book reviews keep rolling in!  Since doing my last book review on "An American Hedge Fund", Hector Barreto contacted me to request a review his new book "The Engine of America: The Secrets to Small Business Success From Entrepreneurs Who Have Made It!".  Of course I agreed as I enjoy business/finance related books and even…

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We've finally got an acceptable offer on the house and now preparing for the big move. Our new construction isn't finished yet so we will temporarily rent a place.  During my net worth statement publications, some readers were wondering about my principle residence valuation and it's accuracy.  Since I typically take the low end when…

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This is an interesting question that applies to just about everyone.  What do you do when a friend or family member asks to borrow some money from you?  What is your rule?  Or do you have one? Personally, I try to avoid lending money to friends and especially relatives.  However, I give the exception to…

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