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Helping Canadians with Personal Finance Since 2006

Archive for March 2012

Net Worth Update March 2012 (+0.98%)

Welcome to the Million Dollar Journey March 2012 Net Worth Update.  For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the progress of my journey to one million in net worth, hopefully by the time…

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Preparing to become a Pet Owner

Many of us like pets and have at least one around. They are excellent companions and for many, they are like a family member. But, supporting a pet involves some financial considerations; going overboard with pet care can cause a dent in one’s budget, similar to any other recurring cost. Canadian Industry Statistics data (from…

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TFSA Arbitrage, Trade Mental Hurdle, Evictions and More!

Credit Card Arbitrage with TFSA @ the Archives Trade Mental Hurdle @ Canadian Money Forum What Are Evictions Really Like? @ Landlord Rescue What You Need to Know about Online Investment Fraud @ Balance Junkie Mortgage-GIC Arbitrage @ Michael James on Money How low interest rates affect your life insurance policy @ My Own Advisor…

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A Primer on BRIC

Typically, Canadian and US investors invest in their respective country’s stock market and seek diversification through the other country’s market. For further diversification, they might buy stocks, mutual funds, and/or ETFs of other developed countries such as France, Germany, Japan, etc. However, growth prospects abound in developing nations across the world and such countries, termed…

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How Much Does a Tim Hortons Franchise Cost and Profit?

With Tim Hortons being one of the most successful Canadian franchises, I’m willing to bet that you have wondered about the Tim Hortons business.  that is specifically how much revenue/profit a single location generates and how much it costs to start one up. While it’s apparent that owning a Tim Hortons is like having a…

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MBNA Worldpoints Mastercard Review

A little while ago, MBNA launched a new “WorldPoints” series of cards to replace their Travel Rewards Elite card, which in turn was a replacement for the discontinued SPG card. The WorldPoints program is different between the U.S. and Canada, because MBNA sold their Canadian credit card division to TD, and their American cards to…

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Managing Other People’s Money

With many readers of this blog having a fair knowledge of investing and capable of making their money serve them, it is not unlikely that some readers have become investment advisors for relatives and friends (assuming they have opened up about their investment knowledge). It is probably not debilitating to the relationship as long as…

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