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Helping Canadians with Personal Finance Since 2006

Archive for March 2014

Net Worth Update March 2014 (+0.71%)

Welcome to the Million Dollar Journey March 2014 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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Smith Manoeuvre/Dividend Portfolio – Q1 2014 Update

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 started this portfolio in 2008 (at the height of the market) and write updates every…

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Reader Question: What is your Corporate Investment Account?

My last net worth update was met with a number of questions, more specifically, what is the $200,000 “corporate investment account” that has magically appeared as an asset  line item? The Corporation In 2006, I created MillionDollarJourney.com as a tool to keep track of my financial goals and as an outlet to share my ideas…

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How to Get a Mortgage If You’re Self-Employed

Financial reward, independence, and freedom are just a few of the benefits of being self-employed. Faced with a mediocre job market, more Canadians are looking to self-employment as a way to make ends meat – it’s estimated that as much as 16 per cent of Canada’s workforce is self-employed. Although self-employment has it perks, it…

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How the NEXUS Frequent Traveller Program Works

The post about CANPASS Air elicited comments indicating that NEXUS might be a better deal for Canadians. So, let us look at what NEXUS offers. What is NEXUS? Similar to CANPASS Air, NEXUS aims to fast-track the inspection services and clearance process for low-risk, pre-approved travelers going into Canada and the US. It is a…

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