Million Dollar JourneyMillion Dollar JourneyThe Making of a Millionaire - A Canadian Personal Finance Story. Come follow the story of a 20 something year old Canadian on this journey to 1 million in net worth by the age of 35. Daily topics include personal finance, investing, taxes, and frug 
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April 2008 Net Worth Update (+1.65%)
2008-04-30 11:30:00 Another month has gone by already which means it's time to do a quick financial checkup. Lets start with the markets. It seems that the markets have stabilized and even on an uptrend. I'm not sure how long this is going to last, but I'm not too worried as most of my money is in long ... More About: April , Update , Net worth , Worth , 2008
April 2008 Net Worth Update (+1.65%)
2008-04-30 11:30:00 Another month has gone by already which means it's time to do a quick financial checkup. Lets start with the markets. It seems that the markets have stabilized and even on an uptrend. I'm not sure how long this is going to last, but I'm not too worried as most of my money is in long ... More About: April , Update , Net worth , Worth , 2008
Smith Manoeuvre Portfolio - April 2008
2008-04-29 11:30:00 Since the beginning of MDJ, I have talked about the Smith Manoeuvre. For those of you just joining us, The Smith Manoeuvre is a wealth strategy that utilizes a home equity loan to invest in income producing assets. The result is a tax deductible loan and portfolio that increases as you pay down your mortgage. There ... More About: Portfolio , April , 2008
Smith Manoeuvre Portfolio - April 2008
2008-04-29 11:30:00 Since the beginning of MDJ, I have talked about the Smith Manoeuvre. For those of you just joining us, The Smith Manoeuvre is a wealth strategy that utilizes a home equity loan to invest in income producing assets. The result is a tax deductible loan and portfolio that increases as you pay down your mortgage. There ... More About: Portfolio , April , 2008
Financial Infidelity - The Leading Cause of Divorce?
2008-04-28 11:30:00 I was doing my regular web money reading and came across an interesting article on MSN Money Central about marriage infidelity. No, not that kind of infidelity, I'm talking about financial infidelity. What is financial infidelity? This is where one spouse in the relationship overspends without the other spouse knowing. I can see this being a major ... More About: Divorce , Financial , Leading , Infidelity
Financial Infidelity - The Leading Cause of Divorce?
2008-04-28 11:30:00 I was doing my regular web money reading and came across an interesting article on MSN Money Central about marriage infidelity. No, not that kind of infidelity, I'm talking about financial infidelity. What is financial infidelity? This is where one spouse in the relationship overspends without the other spouse knowing. I can see this being a major ... More About: Divorce , Financial , Leading , Infidelity
Weekend Reading - April 26, 2008
2008-04-26 11:30:00 Here are some highlighted articles from The Money Writers over the past week. My Dollar Plan has updated their personal finance site rankings by RSS numbers. MDJ has moved up to 14th spot! If you like to subscribe to MDJ, you can subscribe via email or RSS here. Brip Blap announces that he is the newest problogger ... More About: Reading , April , Weekend , 2008
Weekend Reading - April 26, 2008
2008-04-26 11:30:00 Here are some highlighted articles from The Money Writers over the past week. My Dollar Plan has updated their personal finance site rankings by RSS numbers. MDJ has moved up to 14th spot! If you like to subscribe to MDJ, you can subscribe via email or RSS here. Brip Blap announces that he is the newest problogger ... More About: Reading , April , Weekend , 2008
Rates Cuts, New Look, and Other Links
2008-04-25 11:30:00 The New Look For the readers who visit the site often, you may have noticed that MDJ has gone through a face lift. The goal of the new design is to have the same features as the old layout, but with a cleaner feel. What do you think of the new look? Have you noticed any ... More About: Links , Rates , Cuts
Rates Cuts, New Look, and Other Links
2008-04-25 11:30:00 The New Look For the readers who visit the site often, you may have noticed that MDJ has gone through a face lift. The goal of the new design is to have the same features as the old layout, but with a cleaner feel. What do you think of the new look? Have you noticed any ... More About: Links , Rates , Cuts
Getting Organized for Tax Season
2008-04-24 11:30:00 As the tax deadline is approaching, the procrastinators out there are scrambling to get their receipts in order to file their income taxes. Yes, I am one of those procrastinators, but this year tax preparation has been easier than previous years. There have been years where my receipts were a mess and difficult to locate. This ... More About: Season
Getting Organized for Tax Season
2008-04-24 11:30:00 As the tax deadline is approaching, the procrastinators out there are scrambling to get their receipts in order to file their income taxes. Yes, I am one of those procrastinators, but this year tax preparation has been easier than previous years. There have been years where my receipts were a mess and difficult to locate. This ... More About: Season
Ask the Readers: Giving Money as a Gift, How Much?
2008-04-23 11:30:00 If you've ever given money as a gift, how much did you give? This is a tricky question and probably something that not a lot of people talk about. How much money is appropriate as a gift for various occasions? For weddings, we typically give enough to cover the cost of our meal in addition to ... More About: Money , Readers , Gift , Giving
Ask the Readers: Giving Money as a Gift, How Much?
2008-04-23 11:30:00 If you've ever given money as a gift, how much did you give? This is a tricky question and probably something that not a lot of people talk about. How much money is appropriate as a gift for various occasions? For weddings, we typically give enough to cover the cost of our meal in addition to ... More About: Money , Readers , Gift , Giving
Frugal Recipe: Beef Stew
2008-04-22 11:30:00 With the positive response from my last frugal chicken recipe, I will post another one of my favorite recipes. Beef Stew is high in protein and flavour, low in fat and cost. In addition, beef stew is usually cooked in bulk so that it will feed a large family and/or multiple meals. What you'll need: 1-2 ... More About: Recipe , Frugal
Frugal Recipe: Beef Stew
2008-04-22 11:30:00 With the positive response from my last frugal chicken recipe, I will post another one of my favorite recipes. Beef Stew is high in protein and flavour, low in fat and cost. In addition, beef stew is usually cooked in bulk so that it will feed a large family and/or multiple meals. What you'll need: 1-2 ... More About: Recipe , Frugal
The Equity Collar - A Risk Reduction Strategy
2008-04-21 11:30:00 Preet, a high net worth financial planner (and former race car driver), is back again! This time, instead of explaining the basics of call options, he shows us a risk reducing options strategy called The Equity Collar . If you are interested in reading more about Preet, you can visit him on his blog WhereDoesAllMyMoneyGo. I ... More About: Strategy , Risk , Reduction
The Equity Collar - A Risk Reduction Strategy
2008-04-21 11:30:00 Preet, a high net worth financial planner (and former race car driver), is back again! This time, instead of explaining the basics of call options, he shows us a risk reducing options strategy called The Equity Collar . If you are interested in reading more about Preet, you can visit him on his blog WhereDoesAllMyMoneyGo. I ... More About: Strategy , Risk , Reduction
The Star, Twitter and More Reading
2008-04-18 11:30:00 The Star and Twitter Thanks to Ellen Roseman for mentioning Million Dollar Journey on her Toronto Star article regarding discount brokerages. It's funny that she mentions the controversial comments in the Questrade thread. Do you use Twitter? I joined a little while ago, but just recently took a closer look at it. I'm still not sure if ... More About: Reading , The Star
The Star, Twitter and More Reading
2008-04-18 11:30:00 The Star and Twitter Thanks to Ellen Roseman for mentioning Million Dollar Journey on her Toronto Star article regarding discount brokerages. It's funny that she mentions the controversial comments in the Questrade thread. Do you use Twitter? I joined a little while ago, but just recently took a closer look at it. I'm still not sure if ... More About: Reading , The Star
The KISS Principle
2008-04-17 11:30:00 Continuing on from my post about "The best time to start is now", I'm going to expand on the concept with the KISS principle. The KISS principle is something that I "try" to live my life by. No, it's not about kissing girls (or is it?), KISS in this case stands for "Keep It Simple ... More About: Kiss
The KISS Principle
2008-04-17 11:30:00 Continuing on from my post about "The best time to start is now", I'm going to expand on the concept with the KISS principle. The KISS principle is something that I "try" to live my life by. No, it's not about kissing girls (or is it?), KISS in this case stands for "Keep It Simple Stupid". ... More About: Kiss
Calculating Your Adjusted Cost Base (ACB)
2008-04-16 11:30:00 There was a comment left on the "How Capital Gains Tax Works" article about how to calculate your capital gains when you make multiple stock purchases at different prices over the years. The key is to go back into your records and find the transaction details to do an adjusted cost base calculation. After figuring out ... More About: Stock Investing , Cost , Base
Having a Newborn - Getting Down to Business
2008-04-15 11:30:00 Man, newborns sure do poop a lot. I always knew that a lot of diaper changes would be required, but they go through diapers like they own stock in "Pampers". Anyways, poop is not the topic of this post, it's the financial business that must be carried out after a baby is welcomed into the ... More About: Business , Children
New Car every 10 years or Used Car every 5?
2008-04-14 11:30:00 David asked an interesting question in the comments section of "Best and Worst Used Cars of 2007", the question was: .. is it cheaper to buy a used car every 5 years, or a new one every 10 - 12? I currently have a ‘95 Dakota (needed a new rear diff this year (caused ... More About: Years
Weekend Reading - April 12, 2008
2008-04-12 11:30:00 My Dollar Plan explains how stock stock splits work in her article Stock Splits 101. Canadian Capitalist gives us another reason to avoid hedge funds. The Digerati Life has a great article on how to make 10 ordinary things last longer. Consumerism Commentary has a detailed article on 10 steps to break the credit card habit. Lazy Man and ... More About: Reading , April , Weekend , 2008
The Restaurant Blogger and Winners of Book Giveaway
2008-04-11 11:30:00 The Restaurant Blogger A childhood friend of mine has started a blog of his own called "The Restaurant Blogger". You know, it really shows when a blogger is passionate about something as it comes through in their writing. The Restaurant Blogger has had the dream of owning a restaurant for as long as I can remember. He ... More About: Book , Winners
TFSA vs. RRSP - Best Retirement Vehicle?
2008-04-10 11:30:00 Ed Rempel, a CFP and CMA, has written another guest post on the topic of TFSA vs. RRSP's. This time, instead of writing about clawbacks, he does a direct comparison. It's a fairly lengthy (and technical) post, so you may want to get more comfortable. “You give 100 percent in the first half ... More About: Retirement , Vehicle
The Best Time to Start is Now
2008-04-09 11:30:00 I get a ton of email from people asking "How do I start" or "I can't start my financial journey because I'm in debt". The best time to start improving your financial life is NOW. Are you in debt? Start a plan to reduce spending, and putting more money towards that debt. You'd be surprised how much ... More About: Time
Tradefreedom Discount Brokerage Review
More articles from this author:2008-04-08 11:30:00 We have done many discount brokerage reviews, from the good to the not so good. I thought that we had most of the brokerages covered, but after some comments from readers, I was missing an essential piece of the Canadian discount brokerage market, Tradefreedom. This article will provide a preliminary view of the discount brokerage Tradefreedom. ... More About: Review , Brokerage , Discount 1, 2, 3, 4, 5, 6, 7 |
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