Going back into the archives, I came across a frugal tip that I always recommend to people who ask for advice about saving money, that is to simply “write it down“.  I noticed within that article that I didn’t get into the details of tracking spending, or the many ways to do it.   The right…

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A couple weeks back I wrote a favorable review of Rob Carricks latest book with a book giveaway.  Out of the entries from Facebook and commenters, the randomly chosen winner is ….Bernie Klunder! If you use Facebook, you can follow the Million Dollar Journey community here! Or if you prefer twitter, you can find me…

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This is a guest column by regular contributor Clark. The last article on corporate bonds looked at corporate credit ratings/risk and Part IV dealt with some metrics to remember when purchasing individual bonds. In this part, we’ll look at other risks and touch upon the issue of corporate governance. Other Risks Government bonds protect an…

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I read a disturbing article in the Globe and Mail recently about how 59% of employed Canadians are living paycheque to paycheque.  What does that actually mean?  Simply that 6 out of 10 Canadians would be in financial trouble if their pay cheque was delayed by a week.  Yes… a week. Here is an excerpt…

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This is a column by regular contributor Clark. Credit rating agencies such as those mentioned in Part I of the series consider several parameters before issuing their ratings. But, an astute investor may want to look at a few metrics on his own to assess credit risk and boost his knowledge at the same time.…

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As part of my philosophy of keeping costs low, I’m a big believer in keeping trading commissions as low as possible.  This is the reason for opening trading accounts with the lowest cost brokerages in Canada – Questrade and Interactive Brokers.  These online stock brokers manage to can keep costs low as they operate in…

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