Category: Personal Finance
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Saving for your kids’ education or for your own retirement?
Your Kids’ education or your retirement? The best of both worlds would be to pay for both your retirement and your kids’ education, but in a world of limited resources… In my eyes, an individual’s retirement takes priority. Kids can get scholarships, work while studying, work during the summer and study during the regular semester,…
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Personal financial lessons from Bill Gates to the average man
Few billionaires have the brand name recognition of Bill Gates. If you work with a computer, most likely at one time or another, you have used a Microsoft software. Bill Gates has lived at least three recognizable lives: from technological genius to ruthless capitalist to global philanthropist. He changed the technology world, the financial world,…
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Are You Insured, Uninsured, Or Self-Insured? Which One Works Best for You?
In a previous blog post, I shared how the movie The Godfather influenced my life. Another film that shaped my thinking is Wall Street (1987) with Michael Douglas. Two lines from the movie are particularly memorable: “There is no nobility in poverty dad, one day you are going to be proud of me.” “The point…
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I made it to $500,000. I am a half millionaire.
It has taken me about 21 years to accumulate $500,000. While my achievement may not seem spectacular, I am incredibly proud of it. I have been in Canada for 26 years (I arrived in 1998) as an international student. Since I didn’t have much money, I had to go to school during the day and…
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From Flashy Sports Cars to Financial Freedom
When I was a teenager, I dreamed of having a fancy car. I devoted all my energy and effort to owning a sports car, and I finally succeeded. That car was my biggest pride, but it was also the main reason why I was broke. I was constantly improving it, making it flashier and faster,…
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Poor People Stay Poor Because They Are Afraid of Being Judged
Poor people stay poor because they are afraid other poor people will judge them for trying to get rich. -Dave Ramsey I think this is very appropriate, we are victims of our environment and we are deeply influenced by the people around us. I have a few friends who are rich, and I try to…