How did I change my financial mindset?

How did I change my financial mindset?

My financial mindset has changed over the years. Growing up and always having some kind of income since I was about 10 years old definitely gave me a good work ethic. It also gave me a lot of spending money because as a kid I had no financial obligations.  Because of this abundance of spending money, my financial mindset started off terrible. I had no problem buying myself comic books every week or snacks at the corner store. This all lead to probably an excessive spending habit in my later teenage years when I discovered paintball.  After playing twice when I was 12 or 13 I went out and spent $400 dollars on an entry level gun and mask.  After a few more times, I upgraded my mask to a thermal lense and started to spend more and more on gear.  This grew over my teenage years to having 5-6 paintball guns at any given time and countless accessories.  Read more

How much does it cost to employ smokers?

how much does it cost to employ smokers





How much does it cost to employ smokers? No matter how you break it down, smoking costs money to the smokers, the government/insurance companies and their employers.

Every six months or so one of my co-workers ends up looking at the amount of people in the smoking pit and rants about how much money we waste paying people to smoke. Then he always ends up telling a story about a guy he used to work with at another company.  

The story is about a guy who was approaching retirement. This guy wrote his superiors a letter on how over the course of his career he has seen many people take 5-minute smoke breaks X times a day. Apparently he calculated the amount of time these people took to smoke throughout the day and totaled it over his career. In his letter he mentioned his retirement and asked if he could take his smoking time now in one big chunk…seriously.  Read more

4 New Mortgage rules in Canada are coming!

4 new mortgage rules in Canada

4 New Mortgage rules in Canada are coming!

The newest one actually starts today! Sorry for not giving you a better heads up, but hopefully it’s not too late to let you know about the changes that are coming/here. There are currently 4 new mortgage rules that will be coming into effect over the next few months.

Many people maybe wondering why change the mortgage structure? Well, I don’t really know either, let’s look at a few facts about our economy. Canadian household debt to disposable income has risen to 165.3%.  This is just slightly less than the all time high of 165.4% in late 2015. Meanwhile housing pricing are going nuts in Toronto, Vancouver, Victoria and Hamilton. All of those cities’ housing prices have seen double digit growth over the past year. Vancouver is seeing a 22% increase! But even with all that, mortgage rates are the lowest they’ve been in a long time. Just like the USA in 2008!…oh wait…I think I see the issue now. 

4 new mortgage rules in canada

In case anyone doesn’t remember 2008, here’s a graph of the S&P 500 for last half of the year. It was MUCH worse for a lot of smaller companies.

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Making money and having fun – A Q3 2016 Update

making money

Where does the time go! Now we’re three quarters of the way done with 2016 and it seems like I haven’t done anything. So in true procrastination fashion, I’m jamming it all into this last half!

It seems like every year I jam all of my vacations in the last half of the year and try to rush and get my yearly goals done.  I took two weekend trips this past quarter with my beauty of a girlfriend. The first one was for my sister and her fiance’s stag and doe party to farmland Ontario.  The second was for our good friends and neighbor’s wedding back to my old stomping grounds of Halifax, Nova Scotia.  Read more