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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DIY Smith Manoeuvre II - The Readvancable Mortgages
2007-12-12 08:30:00 Canadian Capitalist contacted me to write part 2 of his DIY Smith Manoeuvre 3 part series. Part 1 more or less introduces The Smith Manoeuvre Part 2, which is this article, is about the various readvancable mortgages available in Canada and which ones are recommended, and Part 3, which will be posted tomorrow on Canadian Capitalist, discusses ... More About: Mortgages , Mort , Ages
Frugal Trader Junior or Frugal Traderette?
2007-12-11 08:30:00 I was just thinking of an appropriate name for our first child. Oh, I didn't tell you? We're expecting and I'm going to be a Dad for the first time. :) It's strange, now that we're pregnant, all I see are kids everywhere. Whenever I shop now, there seems to be a major market geared ... More About: Frugal , Junior
Reader Mail: Babe in the Woods
2007-12-10 08:30:00 Jennifer, a subscriber of MDJ, has emailed me with a load of questions on how to get started with her finances. I sometimes forget that a lot of my readers are just starting out where a lot of my writing is geared towards intermediate/advanced topics. Not today though, back to the basics for the personal ... More About: Mail , Reader , Woods , Babe , In the Woods
Interest Rates, Carnivals and More!
2007-12-07 08:30:00 The Canadian central bank has cut their interest rate for the first time since 2004! This is good news for those who have variable rate loans like mortgages, HELOCs, margin etc. CashMoneyLife has hosted the 129th Carnival of Personal Finance. Once again, a bunch of great articles were included. We submitted the article "What is Your ... More About: Carnivals , Interest Rates , Interest , Rates , Eres
MDJ?s First Birthday!
2007-12-06 08:30:00 It has been exactly one year since MDJ was born and it has been a great year. We've grown from 0 to over 1200 subscribers during this time and now receive over 65,000 page views a month. To thank you for your loyalty and support, MDJ is holding a big birthday draw with a bunch of ... More About: Contests , Birthday
Book Review: The Brainwashing of the American Investor
2007-12-05 08:35:00 Time for another book review! Are you guys getting bored of these yet? My last book review was a bit "out there" for MDJ, but this one is back on track. Today's review is on a book called "The Brainwashing of the American Investor : The Book that Wall Street does not Want You to Read." The ... More About: Book Review , Review
Evicting a Tenant
2007-12-04 08:30:00 So you did all your tenant due diligence, everything checked out, but now your tenant is 2 months behind in paying the rent. You've tried contacting them to work something out, but promised payments are not paying the mortgage. What now? It's time to get serious and start the eviction process. Let me ... More About: Tena
25 Ways I Save Money
2007-12-03 08:30:00 I've written about my saving strategies before, but I've decided to write an updated post in a numbered list format on the various ways that I save money on a day to day basis. This post was inspired by similar posts on FrugalForLife and CashMoney Life. Included below are 25 ways that I save money: I drive with ... More About: Save Money , Save
Nov 2007 Net Worth Update (+0.52%)
2007-11-30 08:30:00 It’s time again for the monthly net worth update - The November 2007 edition. October was a great month for the markets, but November has been terrible. This recent drop has taken a bite out of my registered/non-registered accounts. Thank goodness for our bigger savings these couple months as they have offset most of the market ... More About: Update , Net worth , Worth , Wort
Confessions of a Car Salesman
2007-11-29 08:30:00 I've always wondered what it would be like to be car salesman. What goes through their minds as soon as a potential customer enters the lot? Do they see the new comer as fresh meat while anticipating the kill (sale). Do they profile the customer based on the car that they drive and clothes that they wear? I came across an article on edmunds.com that answers all these questions (and more). The article is called "Confessions of a Car Salesman " and it's a report of how an edmunds.com reporter went undercover and found a job as a car salesman. The article is quite long, so I took the helpful tidbits that may be useful the next time you decide to purchase a car. … process begins by asking the customer how much they want for a monthly payment. Usually, they say, about $300. "Then, you just say, '$300… up to?' And they'l... More About: Fess
Rental Property Income Taxes and Deductions
2007-11-28 08:30:00 As tax season is coming up, I've had a few readers email me about how income taxes are calculated with investment rental properties. It's actually a pretty basic calculation, with your total NET rental income added to your regular income throughout the year. The basic formula works out like this: Total Rental Income - Expenses = ... More About: Taxes , Property , Income Tax
How I (try to) Save Money During Christmas
2007-11-27 08:30:00 Christmas is coming up and the shopping season has kicked off in full force. As the theme of the Canadian Tour of Personal Finance Blogs is saving during Christmas, this post is about how I save money during the Christmas shopping/holiday season. What are some ways to save money during Christmas? Set a budget of how much ... More About: Christmas , Money , Save Money , Save
Kiva.org - Lending to Third World Entrepreneurs
2007-11-26 08:30:00 Ever since Oprah decided to endorse it on her show, Kiva .org has become a huge hit. With some curiosity (not sponsored), I decided to check out the site and see what they're really all about. What is Kiva.org? They basically act as a medium for people to give non-profit loans to entrepreneurs in developing countries. Don't be ... More About: World , Entrepreneurs , Lending , Third World
Weekend Reading - Nov 23, 2007
2007-11-23 08:30:00 Moolonomy has hosted this weeks Carnival of Personal Finance. He put a lot of effort into this carnival as he commented on every article that made the cut. MDJ submitted "How Call Options Work - The Basics". Preet from WhereDoesAllMyMoneyGo is on a roll with quality content. The article that caught my eye this week was ... More About: Reading , Weekend
Is the Market Efficient? - Part III
2007-11-22 08:30:00 This is the final installment of Ed Rempel's "Is the Market Efficient ?" series. In case you missed the other articles, here you find Part 1 and Part 2. “If the world was perfect, it wouldn't be.” – Yogi Berra My opinions about the Efficient Market Hypothesis (EMH) are not necessarily worth more than anyone else’s, but I ...
Ask the Readers: What is Your Tipping Policy?
2007-11-21 08:30:00 Here's an interesting topic that seems to be making it's way through the personal finance blog world, Tipping! It appears that everyone has their own tipping rules for restaurant servers, delivery drivers, cabbies, fast food cashiers and the guy playing guitar on the corner of the street. Here are my tipping policies and my rationale: Restaurant Servers Waiters/Waitresses ... More About: Readers , Policy
How Call Options Work III - Call Option Writing
2007-11-20 08:30:00 To complete the "How Call Options Work " series, Preet now briefly explains the process of call writing. This is Part 3 of 3. In case you missed the earlier articles, here is Part 1 and Part 2. What I have described above has been focused on when you BUY a call option contract. But ... More About: Writing
How Call Options Work II - Examples
2007-11-19 08:30:00 Continuing on from explaining the basics of Call Options , Preet (WhereDoesAllMyMoneyGo) now moves on to give us a few examples of various outcomes when purchasing call options. This is Part 2 of 3. SOME EASY EXAMPLES Okay, so we’ve gotten the semantics out of the way now, so let’s look at some examples of purchasing the ... More About: Work , Examples , Xamp
Weekend Reading - Nov 15, 2007
2007-11-16 08:30:00 Time for another round of giving recognition to other great articles around the web. With E-Trade facing a HUGE write down due to sub prime exposure, are they capitalized enough to keep the show running? What will happen to your E-Trade account if they go bankrupt? Both Canadian Capitalist and Canadian Money Blogs Reviewer have answers ... More About: Reading , Weekend
How Call Options Work I - The Basics
2007-11-15 08:30:00 Preet, the full time Bay Street stock broker and blogger at WhereDoesAllMyMoneyGo, has written another great article for MDJ about How Call Options Work . I initially planned to write the article, but thought it would be best to have an article from a trader experienced with the ins and outs of options. This is Part ... More About: Basics , The Basics
Book Review: The Key
2007-11-14 08:30:00 Just after writing a book review on "The Secret", Dr. Joe Vitale and his publisher sent me a pre-published version of their new book "The Key" for review. Perhaps this is the law of attraction at work? The Key is based around the concept of The Law of Attraction and what Dr. Joe Vitale feels ... More About: Book Review , Review , Book
Is the Market Efficient? - Part II
2007-11-13 08:30:00 Ed Rempel continues his post about the Efficient Market Hypothesis. This is Part 2 of 3. If you missed Part 1, you can find it here. “I never blame myself when I'm not hitting. I just blame the bat, and if it keeps up, I change bats. After all, if I know it isn't my fault ...
The Carnival Of Personal Finance (#126)
2007-11-12 08:30:00 Welcome to the 126th Carnival of Personal Finance . For the readers who are not familiar with the CoPF, it's where personal finance bloggers submit their best articles of the week with one blog doing the hosting. Today, it just so happens that Million Dollar Journey gets the honor of hosting the ever growing event. This week, ... More About: Personal Finance , The Car
Carnival of Personal Finance Hosting and More..
2007-11-10 08:30:00 Carnival of Personal Finance Million Dollar Journey will be hosting the Carnival of Personal Finance next week. If you're interested in participating, you can submit your best articles of the week here. The cut off for submissions is on Sunday 5pm EST. You can read more about the submission guidelines here. Here are some other great reads: Canadian ... More About: Hosting , Carnival
Best of Million Dollar Journey: Oct 2007
2007-11-09 08:30:00 Time for another monthly tribute to the Million Doll ar Journey top articles. Articles are ranked by the most commented for the month of October 2007 (not including contest posts). 1. Ed Rempel's Picks for the Best Smith Manoeuvre Mortgage I (40 comments) This certified financial planner who specializes in The Smith Manoeuvre reveals his favorite readvancable mortgages. 2. ...
QCash on Investing in Second Mortgages
2007-11-08 08:30:00 Since writing about investing in second mortgages, I've gotten a good response from readers looking for more information. QCash, the retired 37 year old millionaire, has taken some of his time and written about his experiences with buying and holding second mortgages. After FTs excellent posts about 2nd mortgages and my comments, FT invited me to ... More About: Real Estate , Investing , Mortgages , Mort , Ages
Book/Movie Review: The Secret
2007-11-07 08:30:00 By now, everyone has heard about the popular book/movie "The Secret". But what is "The Secret"? The Secret is basically a gimmicky word for "The Law of Attraction". Still confused? What if I told you that you can have anything you want by just thinking about it? That's what "The Secret" wants you to believe. The movie/book ... More About: Movie , Movie Review , Book Reviews , Review , Book
Is the Market Efficient? - Part I
2007-11-06 08:30:00 Ed Rempel, a CFP and CMA, has written another guest post. This time, the subject is on the equity markets and their efficiency. It's a fairly long post, so get comfortable. This is Part 1 of a 3 part series. “You can observe a lot just by watching.” – Yogi Berra The Efficient Market Hypothesis (EMH) has ...
Public Declaration
2007-11-05 08:30:00 The Financial Blogger has tagged me to commit to a personal goal and make it public to my readers. This blog is all about goals and commitment. I have already written about my million dollar net worth goal and my financial goals for the year along with updates, what more should I write about? Well, I've ... More About: Declaration , Public , Lara , Clar
Stock Trading Weekend - Nov 2, 2007
More articles from this author:2007-11-02 18:30:00 As one of my favorite hobbies is stock trading, I follow quite the few stock trading blogs. Here are some great articles from 2 of my favorite stock trading blogs. Chris Perunna (RSS Feed): The Holy Grail of Trading : It’s not your System Markets are not Efficient The Fear of Losing Money Stock Trading ... More About: Weekend 1, 2, 3, 4, 5, 6, 7 |
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