Archive for December 2013
Net Worth Update December 2013 – Year End Summary
Welcome to the Million Dollar Journey December 2013 year end 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…
Read MoreUnderstanding Early Retirement with Defined Benefit Pensions
If you have a defined benefit plan at work and you’re considering early retirement, then this article is for you. Early retirement can come about in two ways – you can choose to retire early by handing in your resignation, or you are terminated by your employer. If you’re retirement eligible (usually age 55, but…
Read MoreSmith Manoeuvre/Dividend Portfolio Year End Update 2013
For those of you just joining us, listed below is my portfolio that is leveraged with money borrowed from my home equity line of credit (HELOC). As the money borrowed is used to invest, the interest charged is tax deductible. I write an update every so often to show new positions added along with any market…
Read MoreSonyCard Promo, USD DRIP Dividends, RRSP or TFSA, Saving Money during Holidays and more!
In previous years, Sony has offered promos, such as Google TV, to encourage credit card sign ups. While this years promo is not quite as good, it’s not bad for people who are fans of Sony electronics or collectors of Sony Points. For new MBNA SonyCard cardholders (no annual fee), Sony is offering a 10,000…
Read MoreTop Renovations to Increase Rental Income
Renovations aren’t just about increasing the resale value of your home – with the right renovations you can bring in even more rental income on your rental property. If you’re currently between tenants, now could be the perfect time to undertake some key renovations that deliver the best ROI to boost your rent. You don’t…
Read MoreRESP Portfolio Update – December 2013
It’s been about a year since my last RESP portfolio update and probably would have been longer if it wasn’t for a reader request for a quick update. The RESP portfolios for our children are setup with TD e-Series mutual funds which provide a low cost way to index the market. We contribute $2,500/account/year to get…
Read MoreHow the 700 MHz Spectrum Auction Works
The Government of Canada will begin to auction the 700 MHz mobile broadband airwaves for telecommunication networks in January 2014. This new spectrum, which can reach remote areas easier, is being offered to service providers to bring high-speed technologies to Canadian residents. In order to prevent the major telecommunication companies from seizing all available blocks,…
Read MoreNet Worth Update November 2013 (+1.27%)
Welcome to the Million Dollar Journey November 2013 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…
Read More