5 Simple financial restraints to change your spending habits

Financial Restraint

5 Simple financial restraints to change your spending habits

What the hell is a financial restraint? Well it maybe a term I just coined. When googled there’s not a lot that comes up! So, my thoughts on what financial restraints are this; it’s anything that keeps you disciplined in your spending. Basically, it’s your sheer determination or habits that prevent you from spending money.  Read more

8 money tips from Johnny Depp’s finances

Johnny Depp




8 money tips from Johnny Depp’s finances

Well in case you have more of a life than me or just don’t care for celebrity gossip, Johnny Depp is (allegedly) going broke. Last year he finalized a divorce settlement for 7 million dollars, which is pennies for an actor that made $55 million for ONE Pirates of the Caribbean movie right? Well it seems that might not be the case! He also recently filed a $25 million lawsuit against his business managers. He claims his funds were mismanaged. We’d really have no way of knowing how mismanaged they were because we don’t have his spending history. (….or do we?)

Depp’s management group of course doesn’t think they mismanaged his funds. They’re so against this idea that they’ve now launched a counter-suit. In the details of this counter-suit they’ve revealed some details of his spending. They’ve also revealed that his monthly expenditures are ASTRONOMICAL. 

After hearing about his monthly expenditures, I asked a few people how much they think Johnny Depp spends each month.  A few guesses were in the tens of thousands of dollars, the majority were in the $100,000 to $300,000 range both of these ranges aren’t enough for ol’ Johnny(that’s what his friends call him…). The highest guess was a million dollars, A MILLION DOLLARS EACH MONTH?!?!  Well that’s not even close!  Read more

7 easy ways to replace cable and save money

7 easy cheap ways to replace cable





Ways to replace cable are ALL around us nowadays, I haven’t actually paid for a cable subscription since I think 2008. The only reason I had cable from 2005 to 2008 is because I was living with two good friends at the time and they both wanted cable, so we got cable. We just went with a very basic cable package so it wasn’t outrageous like today’s prices.  Read more

How To Be A Successful Adult: Understanding Your Paycheck

How to be a successful adult: Understanding your paycheck




How To Be A Successful Adult: Understanding Your Paycheck

This seems like a topic that shouldn’t be needed. Your paycheck is quite simply your pay for performing your job at your place of employment. You have a total at the bottom that tells you how much money you’re getting. What’s so hard about that? Well I consistently see people who have received paychecks for decades tell people incorrectly how taxes work and many other mistakes. On top of that there’s sometimes dozens of additional lines that add and subtract money. There could be anything like health benefits, dental, life insurance, pension, GRRSP, union dues, tool allowance, and a hell of a lot more.  Read more

Looking toward the future: 2017 goals and plans

goals

2017 Goals and Plans

As you may have already read from my Q4 2016 post I achieved about half of the goals I set out for myself and this blog last year. I’m not usually one for New Year’s Resolutions but this blog turns out to be a great accountability check. If I post goals and plans for everyone to see, I better be planning on completing them or else I look like a fool! Or at least I think I do and you guys just don’t care.

For this year I’m going to load myself up with some goals and hopefully crush them all! For the sake of organization, I’ll break them down into a few different categories. So here we go! Read more

Year end update – Q4 2016

Q4 2016 update

Another year is over and so here’s another update, this time for Q4 2016. As I mentioned in my last quarterly update I was jamming all of my trips into the last half of this year, so we’ll say I was on vacation…even though I probably wasn’t.

I’ll do a quick brag about my trips to start this off and get it out of the way.   Read more

3 simple financial resolutions you need to start

3 simple financial resolutions

Happy New year everyone!  

I hope 2016 was better to you than the media portrayed it to be. For the last few months of the year you’d swear nothing good happened. I think those people just didn’t have time to look at their retirement savings. The year was pretty solid overall for the markets, the Dow Jones was up 14.4% as of closing just before Christmas.

3 simple financial resolutions you need to start

Very solid year for the Dow Jones

For Canadians, the TSX composite index was up 17.8% over the same time period! So, if your investments are close or matching these indexes you’re looking at a possible 14-18% return for one year.  To put that into perspective you’ll double your portfolio in 5 years without any additional contributions! Read more

4 simple holiday budget tips for this festive season!

Holiday budget tips

The holidays are here! Which probably means one of two things. You’re either going to plot how to steal Christmas while hiding in your cave because your heart is two sizes too small or you’re going to go broke from spending all your Christmas cheer(and by cheer I mean money…cheer=money in case you didn’t get the memo).

holiday budget

This is what you look like when you’re plotting to steal Christmas. For some reason plotting that makes you hairy and green.

So how can I help you with these issues? I can’t, I’m not a doctor. I have no idea why your heart is like that and you should probably have it looked at immediately. That sounds serious.  Also I can’t keep you from spending your money. That’s something you’re going to have to limit yourself. But here are a few tips on budgeting for the holidays. Read more

How to make money in real estate

make money in real estate





How to make money in real estate? That’s a very popular question and has tons of answers! You can literally make money with lots of different options, and each option has multiple ways to execute them. On top of that, you can apply each of those options to different areas of real estate like residential, commercial, industrial, etc. I could go on for a while with these but I won’t. Soooo see ya next week!?

NAAA! I’m just kidding…had ya for a minute though didn’t I? You thought I was going to take my dozens of blog dollars and disappear for ever didn’t you?  Actually, I’m just going to touch on a few popular options and a few lesser known options on a higher level. In a future post I’ll break each of them down in greater detail, but for now we’re just going to dip our toes in the water on how to make money in real estate.  Read more

Why aren’t Canadians saving money with comparison sites?

why-arent-canadians-saving-money-with-comparison-sites





Comparison sites have been around a long time; you’ve almost certainly used some yourself. Have you ever searched for a trip on Expedia or Kayak? I do it all the time, you can usually save a few hundred dollars on trips you’re planning.  They’re also great research tools to help plan and budget your trips.

Have you ever bought anything on Amazon or eBay? Me too! You’d be foolish to buy something online and not consult these sites for price comparisons. You’d also be foolish to not check a site like Ebates to get an even further discount on your trips or products or money back.

While the above-mentioned sites work great for 90% of our purchasing. They unfortunately don’t help us with big ticket items like insurance and mortgages. Insurance typically is worth thousands of dollars and mortgages are often in the hundreds of thousands. You can save more on these than you would on almost any other purchase, besides the houses and cars themselves. Apparently, Canadians just don’t do this. According to a recent study by LowestRates.ca only 8% of respondents used a comparison site to source their most recent mortgage! WHAT?!?

Why would no one use these financial comparison sites?

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