It has been more than a month since I started to compose the first step of this million dollars saving guide. Throughout this process, I had not only reflected and learned from my past financial decisions, I had also done a fair amount of research and incorporated new ideas from other personal finance experts Read More …
Category: Investments
Blog topics that involve strategies on how to make money. This can be in the form of stocks, real estate or personal loans
The Fifth Step To Saving A Million Dollars
In the previous four steps I had covered a few basic topics ranging from pursuing a career with income potential to minimizing consumer debts to harnessing the money growth factors to invest long-term in the financial market. By following the first four steps, it’s sufficient for the average person to develop a good grasp Read More …
The Fourth Step To Saving A Million Dollars
Welcome back! I hope that you enjoyed reading the previous steps and the concepts that I covered. In this step, I’ll be covering more interesting and fun topics than the previous steps (First Step, Second Step and Third Step). Yes, I am going to talk about the financial market and provide insights on how Read More …
Freedom 48 Investment Toolkit: Foreign Market Investment Basics
When investing your money, it’s important to diversify your investment into different types of assets (such as stocks, bonds and real estate), different segments of the stock market (such as financials, consumer staples, utilities, technologies, telecommunications, etc.) and different regions of the world (such as North America, Europe, Asia, etc.). However, for a small and Read More …
Freedom 48 Investment Toolkit: Minimizing Your Income Tax
Before attending my first business class in university, I had always known that if I make any income, I’d have to pay income tax to the Canadian government, but I did not know approximately how much I’d have to pay. I think that I am a law abiding citizen and I am getting free health Read More …
Freedom 48 Investment Toolkit: Using Options To Improve Investment Returns
In my previous post, I covered the basics of margin account and options. For this post, I’ll go over the strategies that I used to buy stocks cheaper, sell stocks at a higher price, making money without selling or buying the actual stock, and pay less taxes. To fully execute these strategies, the basic Read More …
Freedom 48 Investment Toolkit: Margin Account And Option Basics
A while ago, in my emergency fund post, I used the buying power in my margin account as a way to access funds in case I need it for an emergency. Even though it is a viable and flexible method to get access to cash in a hurry, it’s not my true intent when Read More …
How I get paid when borrowing money from the bank
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 …
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 …