Archive for June 2009
Book Review and Giveaway: Happier
Today’s book review is a bit different than the typical book about finance, but just as relevant in my eyes. A New York Times best seller, Happier – Learning the Secrets to Daily Joy and Lasting Fulfillment, is written by Tal Ben-Shahar who happens to be a Harvard Professor on Positive Psychology – and teaches…
Read MoreBest of Blogs 2009: Vote for Million Dollar Journey!
It’s time again for the annual Globe and Mail Best of Blogs poll. This year, Million Dollar Journey had the honour of being nominated a few times by: Ram Balakrishnan – The popular blogger behind Canadian Capitalist. Rob Carrick – The personal finance columnist for the Globe and Mail. Chaya Cooperberg – The blogger behind…
Read MoreRules of Wall Street Book Winners and Links – June 26, 2009
Book Winners As mentioned, there are 2 copies of The Seven Rules of Wall Street to giveaway. Of the 600+ entries (between comments and twitter followers), the two lucky winners are: BBQ Jared Congrats guys, I will contact you shortly! Weekend Reading One Year Ago today, I answered a reader question about not having a…
Read MoreIndividual Pension Plan (IPP) – An RRSP for the Affluent
For the average income in Canada, the maximum RRSP contribution amount of $21,000 (for 2009) is more than what most employed workers are allowed to contribute. To put this in perspective, in order to qualify for the $21,000 contribution limit, an employee would need an income of around $117,000, well above the average Canadian salary.…
Read MoreBudgeting Simplified
Budgets are like diets. You have to find the right kind to suit your personality. If you tell me that I have to eat 1/4 cup of cottage cheese, half a grapefruit and two sticks of celery for breakfast, I’m going to want bacon and eggs. If you tell me I only have $23.40 cents…
Read MoreWorst Case Scenario – How Long Will Your Savings Last?
An interesting financial exercise is to calculate how long your savings would last if you were to lose your job or other main sources of income. Basically, how much of an emergency fund (cash or line of credit) would you need? In this “worst case scenario”, proper planning needs to be in place to be…
Read MoreRetired at 31: The Interview
After hearing the story about John, who retired at the age of 31, many of you have been anticipating an interview with him to get more details. Here are some questions that I had for the early retiree. What province do you live in? Alberta How old are you? 32 When did you retire? August…
Read MoreMore Free Trading Videos and Weekend Reading – June 19, 2009
Free Stock Trading TV (INO TV) For the readers that signed up for INO Stock Trading TV a while back and haven’t logged into their accounts, they have updated their videos once again. Now they include a regularly updated video about current market conditions. If you haven’t already, you can sign up here to view…
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