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 …
Category: How To
Blog topics that involve how to accomplish a task or achieve a goal.
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 …
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 …
How To Find Your Ideal Realtor
People seek advice when they invest their money, they seek advice when buying a car or they seek advice when buying a laptop or a TV. So, when you are spending hundreds of thousands of dollars or even millions to purchase a property, wouldn’t you want to seek advice from trained professionals in this Read More …
How To Buy An Investment Property: Step-By-Step
Every since I started to invest for myself, my goals were to diversify my investments and to increase my income streams. One of the ways to increase my income streams is to buy rental properties. So I’ll walk you through the whole process from wanting to buy a property to owning the property. 1) Read More …