9 - 2008 | Million Dollar Journey

Welcome to the recurring monthly net worth update – The September 2008 edition. Seems that lately having the word “frugal” in my handle is hypocritical. As one of my regular readers puts it, I’ve been “spendy”. This month, it started with the new HD TV along with cables, then of course we had to get…

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There was an interesting report by Merrill Lynch that Canada could be facing a similar real estate/financial crash that the U.S is facing right now. The rationale being that Canadians have turned from being savers to spenders with an increasing net household deficit. While I agree that the real estate market in Canada is due…

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I received an email from a regular reader, Nick, who had a question about how one knows if they are cut out for a career in the financial services sector. Basically, Nick was wondering if his hobby as a personal finance enthusiast could translate well into a career in the field. Here’s the question: There…

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I received an email from a reader about whether it was a good idea to sell their non-registered portfolio to pay down debt. As always, my answer was “it depends”. It depends on the interest rate of the debt, how long the term is, the marginal tax rate of the debt holder and the capital…

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While in the process of upgrading my home entertainment center, I’ve purchased a new high definition LCD TV along with a planned Blu-ray player. Next, I’ll need access to some high definition movies! As the type of person who enjoys watching a movie once, renting rather than buying movies is my preferred choice. The downside…

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Even though our baby was only born in early spring, it appears that we are behind in the game to get into a good day care center. To me, it sounds early to apply for day care centers, but we have friends who put their names in top daycare wait lists while they were still…

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There was an interesting guest post on Thicken My Wallet that got me thinking about what is really considered savings. The author was going through a financial dilemma with her husband where he considered savings liquid money that is accessible when needed and she considers it in a different way. Here’s a snippet: … I…

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Time to do a wrap up to summarize the most popular columns on Million Dollar Journey for the month of August. In addition, I would like to give thanks to our readers, contributors, referrers and sponsors. Top 5 Most Popular Posts for August 2008: 1. The Pitfalls of Index Investing This post generated a good…