During my university days, I came across a wealth accumulation concept called the Smith Maneuver, which allows the investor to borrow money from the built up of equity in the investor’s home to invest. As we all know, any loan that an investor (in Canada) took out to earn an income, the interest payment Read More …
Author: Leo T. Ly
How to build access to a $100,000 emergency fund with $0 locked up
When it comes to emergency funds, how much should you save? Depending on who you talk to, different people have different philosophies. Some will say three months of expense is sufficient, some will say six months, while other more conservative minded will recommend twelve months. Regardless of the amount, there are no right Read More …
How I Earned A 72% Return On My Saving The Easy Way
I’ve always believed that “there’s such a thing as free lunch in this world, you just need to be lucky and skillful enough to find the restaurant that offers it.” In my money saving post, I’ve listed the methods that I used to either save or get free money. For this post, I am Read More …
Freedom 48: The journey to financial freedom
I’ve always wanted to retire as early as I can, by that I mean I will have the freedom to choose what I want to do once I’ve achieved financial freedom. However, I’ve rarely given any thoughts to a fundamental question, “How much will I really need to be worth on the day that Read More …
Part 4: My Million Dollar Journey
If you missed it, here is the link to Part 3: My Million Dollar Journey Friends with benefits I see the smirk on your face and know what you’re thinking. It’s not that type of benefits, it’s the benefit of combined assets and risk diversification. I can’t think of a better quote to start Read More …
Part 3: My Million Dollar Journey
If you missed it, here is the link to Part 2: My Million Dollar Journey Every parent’s worst nightmare During the last quarter of 2012, our daughter did not have many words in her vocabulary comparing to other kids her age. By early 2013, not only did she not improve her vocabulary, she lost Read More …
Part 2: My Million Dollar Journey
If you missed it, here is the link to Part 1: My Million Dollar Journey The road to recovery The financial market continued to crash until March 09, 2009. After that, the slow and painful recovery began and stock markets around the world started to recover from their massive losses. Governments around the world Read More …
Part 1: My Million Dollar Journey
A few years ago, during a casual family dinner conversation, my father-in-law said, “Earning your first bar of gold is the hardest.” I couldn’t remember the exact context of the conversation nor knew the exact meaning of: “bar of gold.” How big is a bar of gold? Is it the size of a piece Read More …
How do I love saving money? Let me count the ways …
When you read this post’s headline, it may sound pretty corny to you (at this point, it probably is), but once you see the simple things that you can do to save money and getting free money on top of your savings, it’ll become SEXXXXY to be a saver. The things that I do Read More …
Maximizing the rewards and benefits of your credit card.
Over the years, I had read quite a few personal finance stories of how some people were stuck in a mountain of credit card debts and the high-interest rates on their credit cards had destroyed their financial health. In other stories, some people refused to use a credit card and resort to paying cash Read More …