Archive for March 2008
March 2008 Net Worth Update: (+1.17%)
Time for another net worth update: The March 2008 Edition! There is a saying in Newfoundland that would describe the markets perfectly.. “The arse has fallin out of her.” When will the markets find a bottom? Are we there yet? In terms of market returns, the only reason my retirement accounts are showing positive relative…
Read MoreDifferences in Non-Refundable Tax Credits and Tax Deductions
This is a pretty common question asked during tax season. What exactly is the difference between a non-refundable tax credit and a tax deduction? Tax Deduction A tax deduction reduces your income for the year which can potentially mean that you’ve over paid on your taxes. Come tax return season, you’ll get a refund on…
Read MoreSaving Strategy: Avoid Upgrading Your Housing
This is a lesson that I’m in the process of learning. If you plan on living a frugal life, it’s much harder when building/buying a brand new house or upgrading your housing in general. The Building Process We had every intention to keeping our house simple and even hoping to keep our expenses below…
Read MoreSustainability, Sustainable Development, and Financial Health
Regular reader and commentator DAvid has taken the time to share his thoughts on sustainability and financial health. I thought that this topic would be refreshing as MDJ doesn’t touch on the topic of green living very often. The greening of our world has become a topic of importance to the Canadian public. The…
Read MoreHosting the Carnival of Personal Finance
Just a quick note that Million Dollar Journey will be hosting the Carnival of Personal Finance this coming Monday. If you are a blogger and interested in getting some exposure, then this is a great opportunity. If you are new to the scene, you can read the Carnival of Personal Finance event that MDJ hosted…
Read MoreInformal In-Trust Accounts
I received an email from Leah the other day asking what are some options for investment accounts for children. Right away, I thought about RESP accounts, however, those aren’t for Leah as they are too restrictive. I can see the new Tax Free Savings Account (TFSA) being an alternative to the RESP, however, the rules…
Read MoreBook Review: Rich Dad’s Increase Your Financial IQ
Robert Kiyosaki’s book publisher contacted me about their newest book: Rich Dad’s Increase Your Financial IQ. As I have read the other Rich Dad Poor Dad books, I was excited about getting my hands on this book. For those of you who aren’t familiar with the Rich Dad series, it’s a financial education series which…
Read MoreBook Review and Giveaway: Fast Profits in Hard Times
FSB Associates contacted and provided me with a free copy of the new book “Fast Profits in Hard Times – 10 Secret Strategies to Make You Rich in an Up or Down Economy” by Jordan E. Goodman for review. This hardcover book, as the title suggests, goes into various investment strategies for the more aggressive…
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