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).
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 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
Downsides of being a landlord
One of the questions I get asked most often about being a landlord is What’s the downsides of being a landlord? While there are numerous upsides; 4 ways to make lots of money for starters. There are a few downsides as well. I’m actually only going to talk about one downside in this article as it recently had a perfect ending to it. This downside is terrible tenants.
I know there’s lots of ways to screen tenants and you could weed out the majority of potential crazies but occasionally you might take a chance on a young person with no references and get burnt.
How bad was this person?
Good question! First let me give a little bit of background on how my duplex is run. One of the major selling points for this building for me was the fact that it’s in my hometown, and my father owns the identical adjacent property. They were built together when the original owners built them. He’s owned his unit for almost a decade and has had no issues. He also helps to manage the duplex for me, I’ll post all of the ads and answer all of the emails but the in-person viewings are done by him and the screening of tenants.
Now on to the tenant…
Where does ISIS get its money? That doesn’t seem like a personal finance title at all!
Well you’d be almost right if that’s what you thought when you read the title of this article. Where does ISIS get its money is a topic that has been touched on by some news outlets and various pages across the internet. I recently listened to a podcast by Planet Money titled Auditing ISIS. At first when google play suggested it to me I thought maybe I wasn’t reading the title correctly, but it turns out at 31 years old I can actually read; writing is a bit more difficult, but that’s what this blog is for! Right? Read more
There’s tons of websites and guides out there to help you get rich fast. Well here’s another list for you to read, but it has nothing to do with getting rich quick, or even getting rich at all. Here’s 7 ways to NOT become a millionaire as if we NEED more help with that!
- Don’t take advantage of your employer matched GRRSP contributions – This is an instant return on your investment, but you probably don’t want to do it because it’s a hassle or the management fees from the designated broker might be a little higher than your own Canadian Couch Potato Portfolio and you can do better without their money weighing you down. Turning down a 100% return to save 1% is a sure fire step to ensure you do not become a millionaire.
- Don’t negotiate a salary – Employers are ALREADY offering you more then your last job AND they said that’s as high as they’ll go, so you don’t want to make them angry by asking for more. In my day to day work I’ve had the pleasure of interviewing and sending job offers to people and they almost never negotiate their salary. This is fantastic from my point of view because I just got an employee on sale for that project.
- Stay in one job miserable job – After all you should be thankful you have one right? Some say that if you stay in your jobs for more than 2 years you can make about 50% less than those who don’t. So that’s a pretty quick way how to not become a millionaire just by staying put.
- Don’t teach yourself about personal finance – They don’t teach us anything in school for a good reason, right? Public school boards totally have our best interests in mind when it comes to teaching us life skills. I constantly use Pythagorean’s theorem and dissect small animals at my job.
You’ll probably want to write down these books to make sure you never accidentally read them: The millionaire teacher, The Wealthy Barber Returns and well really just anything about money, don’t bother with it. School taught you enough, after all you came out of high school knowing how to file your taxes right?
- Keep up with the Joneses – They’re financing everything and so should you! After all it gives everyone the impression you’re doing so much better in life then they are and that’s how you want to live right? Leverage every purchase you make so the majority of your income is going to interest payments and while you’re at it make sure a few of those purchases are on credit cards. The quickest way to never be a millionaire is to always carry a balance from those designer goods on your credit cards so you rack up that 18-21% interest. If you’re paying enough interest each month that’s an excellent way to not become a millionaire!
- Invest in highly volatile stocks and trade with your gut – There’s people that study the markets and world trends for a full time job and they can’t predict how the markets will go, so trading with your gut is the best way to not become a millionaire, right? Just buy and sell as you see fit, you don’t need any training but if you’re going to take some training make sure it’s those from one of those get rich quick guys you might see paying models to promote on Instagram and on some YouTube channels. They’re definitely a scam, so they can certainly help you to not become a millionaire.
- Don’t learn from your mistakes and accept responsibility – Once filed for bankruptcy? It probably was just bad timing in the markets and will never happen again! Definitely repeat those same steps to ensure you’ll never become a millionaire.
Soo…Have you ever been to a Gopher hole museum?
That’s probably one of the strangest questions I’ll never be asked, which is exactly the reason I feel the urge to bring it up. Yes I have been to a Gopher hole museum! As far as I know there’s only the one and it’s in Torrington, Alberta. I’ve got to say it was one of the weirdest fun road trips I’ve done in Alberta since I’ve been living here these last 4 years.
Ok, since you brought it up. What the hell is a Gopher Hole Museum?
It’s a museum for gopher holes, clearly… Read more
One of my favorite parts about travelling through parts of Asia were the English translations on signs and the grammar/context. I’m from a small east coast town myself so I can’t talk much about grammar and spelling without being a hypocrite but who doesn’t like some good Engrish?