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Million Dollar Journey

Million Dollar Journey
The 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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Articles

Book Giveaway Winner, New Poll, and Weekend Reading
2008-05-16 11:30:00
Book Giveaway Winner Let start off the weekend with another book giveaway winner. The prize this time is a free autographed copy of the financial and spiritual book “Does Your Bag Have Holes“. Out of the entries, Mihai was randomly drawn as the winner! Congrats Mihai, I hope that you enjoy the new book. We typically have book giveaways a couple times/month which are drawn fairly quickly. If you are interested in participating, you can keep up with the updates by subscribing to the free daily feed via RSS Reader or sent directly to your E-mail (see our privacy policy). New Anonymous Poll There is an anonymous poll running on the right sidebar.  If you haven’t already, please take a moment to cast your vote! Weekend Reading The Restaurant Blogger writes an interesting article about a topic that we’ve covered before, service tipping! The article is called “The Truth Behind Tips“, and it explains how tips are typically dispersed in a restaurant....
More About: Book
How Return OF Capital Works
2008-05-15 11:30:00
The topic of Return OF Capital has been discussed at nauseum in the comments, but I thought that I should bring it to the front page as the same questions keep coming up. What is ROC? Return of Capital is when a publicly traded company distributes money collected from their share holders back to the share holders ...
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Reader Mail: How Do I Reduce Investment Fees?
2008-05-14 11:30:00
It has been a while since I’ve opened up the mail bag to share. This time around, I received an email from Jeff looking for advice on how to reduce his investment fees. Here is the email: How do you go about investing in stocks without attracting fees. As it stands now - I ...
More About: Investment , Reader , Fees , Reduce
Book Review and Giveaway: Does Your Bag Have Holes?
2008-05-13 11:30:00
Seems that the book reviews are getting popular with publishers! Cameron C. Taylor, a multimillionaire businessman and author, contacted me to do a book review of his newest project: Does Your Bag Have Holes? 24 Truths that Lead to Financial and Spiritual Freedom. This book takes a look at the underlying principles and choices of prosperity with a spiritual/Christian twist. Who is the author? This is what the books website has to say about the author Cameron C. Taylor: Cameron began writing books and learning to speed read while in college. By his senior year, Cameron was a published author and was reading at a rate of over 3,000 words a minute. Upon graduating with honors in business, he began his entrepreneurial career and founded several companies. He took one of his companies from an idea to over $1 million in revenue in its second year and then grew the business to over $10 million in revenue its fifth year. He is currently the president of three organizations: The Ladder to ...
More About: Book Review , Review , Book
Hedge Against Your Bills by Owning the Company
2008-05-12 11:30:00
A big pet peeve of mine is having to pay a fixed recurring bill. The power bill, gasoline, mortgage, cable, internet, phone, bank fees, and insurance premiums to name a few. These are great for the company being paid as it provides a consistent source of revenue for their balance sheets, but takes ...
More About: Company , Bills
Welcome to the New Server!
2008-05-09 05:20:00
If you can read this post, it means that Million Dollar Journey has successfully moved to it’s new server. I hope that you find the increased speed and tweaked layout to be more enjoyable. Please let me know if you find any bugs or glitches. Back to regular programming shortly.. Popular Posts: The Smith Manoeuvre - ...
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Welcome to the New Server!
2008-05-09 05:20:00
If you can read this post, it means that Million Dollar Journey has successfully moved to it’s new server. I hope that you find the increased speed and tweaked layout to be more enjoyable. Please let me know if you find any bugs or glitches. Back to regular programming shortly.. Popular Posts: The Smith Manoeuvre - ...
More About: Server
Book Winner, Server Change and Weekend Reading
2008-05-09 04:30:00
Million Dollar Journey was chosen as one of the "Best of Blogs" in a Globe and Mail article earlier this week.  We are currently in the top 10 but with your help, we can boost that to the top 5!  If you haven't voted for your favorite blogs yet, we would greatly appreciate your vote.  ...
More About: Reading , Change , Book , Weekend , Server
Book Winner, Server Change and Weekend Reading
2008-05-09 04:30:00
Million Dollar Journey was chosen as one of the “Best of Blogs” in a Globe and Mail article earlier this week. We are currently in the top 10 but with your help, we can boost that to the top 5! If you haven’t voted for your favorite blogs yet, we would greatly appreciate ...
More About: Reading , Change , Book , Weekend , Server
Personal Finance Across Borders I - Retirement Accounts
2008-05-08 10:30:00
Something that I would like to learn more about is how personal finance issues work in the U.S.  For example, how do their retirement 401k and roth IRA/traditional IRA systems work?    How do they compare to an RRSP and TFSA?  How about their mortgages and real estate system?  With the help of The Money Writers, ...
More About: Personal , Retirement , Personal Finance , Finance , Borders
Personal Finance Across Borders I - Retirement Accounts
2008-05-08 10:30:00
Something that I would like to learn more about is how personal finance issues work in the U.S.  For example, how do their retirement 401k and roth IRA/traditional IRA systems work?    How do they compare to an RRSP and TFSA?  How about their mortgages and real estate system?  With the help of The Money Writers, ...
More About: Personal , Retirement , Personal Finance , Finance , Borders
Book Review and Giveaway: The House Flipping Answer Book
2008-05-07 09:30:00
Ever since I started watching those housing flipping shows on HGTV and TLC, I've often day dreamed about purchasing a house that needed work for a bargain basement price, fixing it up, and flipping it for profit.  It looks relatively easy on TV, so why can't I do it?  The more I thought about the ...
More About: House , Book Review , Book Reviews , Answer , Review
Book Review and Giveaway: The House Flipping Answer Book
2008-05-07 09:30:00
Ever since I started watching those housing flipping shows on HGTV and TLC, I've often day dreamed about purchasing a house that needed work for a bargain basement price, fixing it up, and flipping it for profit.  It looks relatively easy on TV, so why can't I do it?  The more I thought about the ...
More About: House , Book Review , Book Reviews , Answer , Review
Million Dollar Journey on GlobeInvestor.com!
2008-05-06 16:59:00
Million Dollar Journey has received the honor of being nominated for the GlobeInvestor.com "Best of the Blogs" poll.  If you would like to show your support and enjoy reading this site, please take a minute and vote for us.  Congrats to Canadian Capitalist, Four Pillars, Middle Class Millionaire, and The Dividend Guy for making the ...
More About: Million
Million Dollar Journey on GlobeInvestor.com!
2008-05-06 16:59:00
Million Dollar Journey has received the honor of being nominated for the GlobeInvestor.com "Best of the Blogs" poll.  If you would like to show your support and enjoy reading this site, please take a minute and vote for us.  Congrats to Canadian Capitalist, Four Pillars, Middle Class Millionaire, and The Dividend Guy for making the ...
More About: Million
MoneyTalk LIVE with TD Waterhouse II
2008-05-06 09:30:00
Continuing on with my adventure with MoneyTalk Live with TD Waterhouse, lets now talk about the highlights from the economics and portfolio experts of TD Waterhouse.  As noted from part I, after eating and drinking a few beer, we were ushered into the conference room. As I sat down, I noticed a folder with a pen ...
MoneyTalk LIVE with TD Waterhouse II
2008-05-06 09:30:00
Continuing on with my adventure with MoneyTalk Live with TD Waterhouse, lets now talk about the highlights from the economics and portfolio experts of TD Waterhouse.  As noted from part I, after eating and drinking a few beer, we were ushered into the conference room. As I sat down, I noticed a folder with a pen ...
MoneyTalk LIVE with TD Waterhouse I
2008-05-05 09:30:00
I was given the opportunity to attend the invitation only TD Waterhouse MoneyTalk Live show that they held at a local hotel.  For those of you who don't watch BNN, MoneyTalk is a popular segment that is hosted by the TD Waterhouse Senior Vice President , CFP, and author, Patricia Lovett-Reid.  I didn't have a lot ...
MoneyTalk LIVE with TD Waterhouse I
2008-05-05 09:30:00
I was given the opportunity to attend the invitation only TD Waterhouse MoneyTalk Live show that they held at a local hotel.  For those of you who don't watch BNN, MoneyTalk is a popular segment that is hosted by the TD Waterhouse Senior Vice President , CFP, and author, Patricia Lovett-Reid.  I didn't have a lot ...
Best of Million Dollar Journey: April 2008
2008-05-02 09:30:00
Another month has blown by for Million Dollar Journey which included a few highlights.  Before we get to the top articles for the past month, I'd like to thank the regular commenters and readers.  Without you guys visiting and leaving your opinions, it would be very difficult to keep chugging away and writing content every ...
More About: April , 2008
Best of Million Dollar Journey: April 2008
2008-05-02 09:30:00
Another month has blown by for Million Dollar Journey which included a few highlights.  Before we get to the top articles for the past month, I'd like to thank the regular commenters and readers.  Without you guys visiting and leaving your opinions, it would be very difficult to keep chugging away and writing content every ...
More About: April , 2008
The RESP Strategy
2008-05-01 11:30:00
ABC Stocks asked me to post about my RESP strategy.  As mentioned in my post on "Having a Newborn - Getting down to business", I plan on opening a TD e-funds account (non aff) and buying cheap index based mutual funds. Why TD e-funds? What I really like about the TD e-funds setup is that they only ...
More About: Strategy
The RESP Strategy
2008-05-01 11:30:00
ABC Stocks asked me to post about my RESP strategy.  As mentioned in my post on "Having a Newborn - Getting down to business", I plan on opening a TD e-funds account (non aff) and buying cheap index based mutual funds. Why TD e-funds? What I really like about the TD e-funds setup is that they only ...
More About: Strategy
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
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