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 Articles
Attributes of a Successful Entrepreneur
2012-01-06 13:30:00 Becoming self-employed by starting a business, be it a convenience store or service-oriented work, is not an undertaking that many of us can relate to. Many of us are used to working for someone else and having the security of a steady cheque at the end of every pay period. Benefits such as RRSP matching, ... More About: Business , Entrepreneur
Top Stock Picks 2012 and Results
2012-01-03 11:30:00 Over the past few years, a group of bloggers have enlisted in a friendly competition as to who can pick the best stocks for the year. In 2011, I was a little less aggressive and picked well known names that appeared to be relatively undervalued at the beginning of the ... More About: Stock Investing , Stock Picks , Results , Stock
Net Worth Update Dec 2011 (+0.97%) ? Year End Summary
2011-12-30 13:30:00 Welcome to the Million Dollar Journey December 2011 Net Worth Update ? The Year End Summary. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to ... More About: Net worth
Smith Manoeuvre Portfolio ? December 2011
2011-12-29 13:25:00 For those of you just joining us, below is my portfolio that is leveraged with money borrowed from my home equity line of credit (HELOC). As the money borrowed is used to invest, the interest charged is tax deductible. I write an update every so often to show new positions added ... More About: Portfolio , Smith
Lifecycle Investing ? The Benefits of Diversifying Across Time
2011-12-28 13:30:00 ?The point is simple: if diversification across asset classes is so good, why not also seek greater diversification across time periods?? ? Ian Ayres Last Decade Risk There is a big risk in the way most people save for retirement. The big risk is that the vast majority of the investments most people own during their working ... More About: Stock Investing , Time , Investing
Anniversary Giveaway Winners and Christmas Links
2011-12-23 13:30:00 The Successful Investor Investment Newsletter Reminder Last week, the team at The Successful Investor offered MDJ readers the lowest cost on the web for their award winning investment newsletter for Canadians. Regular price is $139 annually, the MDJ price is $30. Heads up that this limited time offer will expire on January 15th, 2012. ... More About: Christmas , Anniversary , Contests , Links , Winners
Ultrashort Term Bond Funds
2011-12-21 13:30:00 Ultrashort term bond funds (not to be confused with shorting) are mutual funds that include government bonds, corporate bonds, and mortgage-backed securities. As seen before, bonds offer fixed income with maturities varying from a few months to several years. The ultrashort bonds have short maturity periods ranging from a few months to a year, thereby making ... More About: Bond , Stock Investing
Why Cash is King
2011-12-18 13:30:00 During my net worth updates, one question that often comes along is why I hold so much cash. I believe the rationale behind the question is that under normal circumstances, cash could be put to work and grow instead of sitting in a “high” interest rate savings account that barely keeps up with inflation. I ... More About: King , Cash
The Successful Investor Newsletter Discount for MDJ Readers
2011-12-16 13:30:00 The Successful Investor (TSI) stock picking newsletter team contacted me to help promote their product. While I delete most advertising request emails (about 10-20 every day), this one caught my eye because Pat McKeough is the investor behind TSI and he is a well known successful stock picker. Even with Pat McKeough’s name backing the ... More About: Stock Investing , Readers , Newsletter
Tax Considerations for Self-Employed People
2011-12-14 13:30:00 According to the CRA, someone who runs a business, be it a sole proprietorship or partnership, is classified as a self-employed person. Since January 2011, self-employed Canadians can register for Employment Insurance special benefits including maternity, parental, and sickness benefits. This post will look at some key items that would be useful for self-employed people. Who ... More About: People
Net Worth Update Nov 2011 (+0.93%) ? Santa Claus Rally?
2011-12-12 13:30:00 Welcome to the Million Dollar Journey November 2011 Net Worth Update ? Santa Claus Rally Edition. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the ... More About: Net worth
Anniversary Giveaway Reminder, Book Winner, GIC vs Mortgage and More
2011-12-09 13:30:00 A quick reminder of the $1000 giveaway for the 5th Anniversary of MDJ ends in about a week. Be sure to enter! One the same topic of giveaways, who gets a free copy of The Worried Boomer? Joanne! 87. Joanne Always enjoy the investment tips that Derek provides. It makes sailing around in the investment world ... More About: Book , Mortgage , Winner
Is my Defined Benefit Pension Safe?
2011-12-08 13:30:00 Defined benefit pensions (DB) ? call them what you want: pyramid schemes or retirement safe haven. Some are skeptical of their long-term sustainability, while others are thankful to have an employer that offers one. With tough economic times upon us, it?s not uncommon for large multinational firms like General Motors or Canadian Pacific Railway to have ... More About: Retirement , Pension
Celebrating 5 Years of Million Dollar Journey!
2011-12-05 13:30:00 Yes, you read right, it?s already been five years since Million Dollar Journey kicked off! It all started in early Dec 2006, just over three years after graduating from University and in the process of turning around our personal finance situation towards building wealth. It still baffles me how much this site has grown over the ... More About: Contests , Years
Giveaway Reminder, Technical Analysis, Millionaire Teacher and More!
2011-12-02 13:30:00 Quick reminder that book giveaway – The Worried Boomer by Derek Foster – ends tomorrow, get your entries in now! If you are interested in following Derek, he offers his free newsletter here. Why Does Technical Analysis Work? @ Canadian Money Forum My Favourite Takeaways ? Millionaire Teacher and FREE book giveaway@ My Own Advisor How To ... More About: Technical Analysis
Company Stock Buybacks
2011-11-30 13:30:00 Typically, investors calculate their return from a stock as capital appreciation plus dividend payments. For non-dividend paying companies, the growth prospects of the company decide the stock price and thereby, the return for the shareholder. However, a corporation can also provide value to a shareholder through a share buyback program. This post will look at ... More About: Stock Investing , Company , Stock
The Worried Boomer by Derek Foster ? Book Review and Giveaway
2011-11-28 13:30:00 Derek Foster is back again with his sixth book ? The Worried Boomer (link). While his first five books were mostly about investing, this one a little bit different where it’s all about retirement. Who is Derek Foster? Derek Foster is known as Canada?s Youngest Retiree when he retired at the young age of 34. How ... More About: Book Review , Book Reviews , Review , Book
$50 ING Freebie, PRPP, Dividend Stocks and More..
2011-11-25 13:30:00 $50 Bonus for Opening an ING Direct Account (only until Dec 31) @ Canadian Money Forum Investing Stratetgy: When to Buy Dividend Stocks @ The Archives The key to success of the new PRPP @ Retire Happy 5 Tips to Help you Downsize Your Lifestyle @ Sustainable Personal Finance 5 Reasons You Should Never Buy a Video Game at ...
Callable Guaranteed Investment Certificates (GIC)
2011-11-23 13:30:00 As known to most investors, a Guaranteed Investment Certificate (GIC) offers security of principal and provides a fixed or variable (if linked to the Prime Rate or Equity Markets) rate of interest/return, albeit lower than other investment vehicles such as stocks, for locking in the principal for a specific time period. The longer the time ... More About: Stock Investing
Ask the Readers: Is it possible to earn $90,000 in salary by age 30?
2011-11-21 13:30:00 There is a debate on Canadian Money Forum about teens expectations of earning $90,000 per year by the age of 30. The debate stems from an article in the Moneyville and it appears the argument is fairly balanced. Moneyville surveyed over 3,000 recent Canadian high school students, most of which were planning post secondary education, ... More About: Readers , Earn , Salary
Ask the Readers: What?s in Your Wallet?
2010-10-27 14:00:00 The personal finance blog group, The Money Writers, came up with the idea of writing a post about the contents of a blogger’s wallet. As it’s a regular occurrence for me to bare all (financially) on this blog, I agreed to play along as some of my readers may be curious as well. What’s my philosophy ... More About: Readers
Wealth Building Tips for New College/University Graduates
2010-10-25 13:30:00 I received an email from a reader wondering where all the posts were for new graduates. It made me pause for a moment as I realized that I don’t have a lot of material on personal finance for new grads. I should have more as it hasn’t been that long since completing Engineering school (2003). For ... More About: Building , Wealth , College , University , Tips
Book Giveaway and Weekend Reading
2010-10-22 13:30:00 Today is the last day to enter The RESP Book giveaway. Generating weekly income @ Canadian Money Forum 10 Canadian Value Stocks That Are Trading Above Their Pre 2008 Highs @ Investing Thesis Gold ETF Investing Options For Your Money @ The Digerati Life Notes from a Don Drummond Talk @ Canadian Capitalist My Evolving Credit Card Arbitrage Strategies @ ... More About: Reading , Weekend
Tenant Demographics ? Canadian Apartment Investment Conference
2010-10-20 13:30:00 This is a column by real estate guru Rachelle. I attended the Tenant Demographic panel at the Canadian Apartment Investment Conference on September 15th, 2010. The presenter was Michele Sexsmith, Vice President & Practice Leader – Retail, Real Estate & Restaurants at Environics Analytics (link). Environics provides research and demographics to help select where to place ...
The RESP Book ? Review and Giveaway
2010-10-18 13:30:00 For parents, there is probably one expense in particular that can send them into panic mode…and that is post secondary education. With all the media covering how expensive college/university is becoming and how it’s outpacing inflation by a large margin, it’s no wonder that parents worry about how their kids will pay for school. While some ... More About: Book Review , Book Reviews , Review , Book
A Primer on Real Return Bonds
2010-10-15 13:30:00 This is a column by regular contributor Clark. Part I (The types of bonds) of the bond series had briefly touched upon real return bonds (RRBs), where I made an error in the calculation of my example. I posted a comment with the correction after Mike Holman of the MoneySmartsBlog pointed it out. This post will ... More About: Stock Investing , Bonds , Real , Return
4 Critical Mistakes in Retirement Planning
2010-10-13 13:30:00 This is a guest post by Mike from DoNotWait, a blog focused on retirement planning. As a financial planner, I create retirement plans on a weekly basis. When I meet my clients, they all have ideas of what they want their retirement to look like and how they can make it happen. This can be a ... More About: Retirement , Planning
Poll Results: Reader Gross Income and Savings Rate
2010-10-11 13:30:00 I thought that a follow up post to the Gross Income and Savings Rate poll was needed as the poll generated a lot of buzz. The poll asked what reader gross incomes were and their savings rate relative to that income. With over 1200 readers participating in the poll, there was a lot of data to interpret which ... More About: Reader , Results , Poll
2.15% 1-Year Fixed Mortgage for MDJ Readers and Links
2010-10-09 13:30:00 The last time Robert McLister of My Virtual Mortgage Broker (blogger behind Canadian Mortgage Trends) contacted me, they offered a ground breaking deeply discounted variable rate mortgage exclusively to Million Dollar Journey readers. For the readers who are in the market for a mortgage in the near future, My Virtual Mortgage ... More About: Readers , Links
Top Stock Picks 2010 Quarterly Update (Oct)
More articles from this author:2010-10-08 13:30:00 At the beginning of 2010, I picked 4 top stocks as part of a blogger stock picking competition. With the market rally thus far in 2010, one would assume that all my picks are up, but unfortunately, that is not the case. Here are the details. My Top 4 Stock Picks for 2010 Hanwei Energy (HE.TO) ? ... More About: Stock Investing , Update 1, 2, 3, 4, 5, 6, 7 |
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