Author Archive

Line Of Credit Emergency Fund

Dec 07, 2012 Comments Off

Did you hear O’bryan’s law? He said Murphy was an optimist. One of my favourite personal finance gurus is Gail Vaz-Oxlade. Her financial advice is sound and she had good methods for getting people to follow their own budget. One of her rule of thumbs is to always contribute and top up to a cash [...]

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Goldeneer Budget

Dec 05, 2012 Comments Off

Minimizing our budget has been of great importance in the past when we were paying off our debts and buying income properties. We tracked all or our monthly expenses and reduced our lifestyle to meet our needs. We have recently relaxed our budget due to repaying our non-mortgage debts and significantly increasing our rental income. [...]

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Fallacy Of Real Estate

Dec 03, 2012 1 Comment

Goldeneer has developed a hierarchy model to build wealth in order to simplify the wealth building ladder. This model is based on frugality, savings, investments, leverage and shows us that wealth cannot be achieved by skipping any previous foundation. Fallacy of real estate I shake my head when I hear well respected financial advisors comparing [...]

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Goldeneer Now Yakezie Challenger

Dec 01, 2012 1 Comment

Goldeneer is proud to announce it is now a Yakezie Challenger. Yakezie is a personal finance blogging network that motivate bloggers to move up the Alexa rank in order to gain more readers like yourself. Goldeneer believes it has valuable lessons learned to share with interested fans. Through this challenge, Goldeneer is highly motivated to [...]

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“I Don’t Want To Be Rich”

Nov 30, 2012 Comments Off

Three people have expressed to me that money isn’t important to them in casual conversations when we talked about having an FU fund and investments. Ideally, this attitude should be positive to hold onto as someone realizes that money doesn’t buy happiness. However, money is important as it does provide for the basics such as [...]

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Why To-be Real Estate Investors Fail

Nov 15, 2011 Comments Off

New real estate investors fascinate me.  Many people I see at my local investment club know real estate is their best investment vehicle. They have read several books on how to buy their first investment property. They are in the process of saving up their first down payment and might be looking for their first [...]

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Business Case Of A Real Estate Guru – Part 1

Nov 14, 2011 Comments Off

There are plenty of get-rich-quick schemes that are scams and other get-rich-quick real estate gurus that are legitimate. What the legitimate gurus don’t teach you is their business model is different than what they preach. Their business model is based on increasing their network, finding hard money lenders (you), bringing in seed money (exorbitant course [...]

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Saving On Groceries

Nov 10, 2011 Comments Off

Before I started to become frugal, I would buy a lot of prepackaged foods at the grocery store and would eat what I wanted when it came to meats. I have changed my eating habits to become healthier and along the way, have saved money. Cut down meats, introduce beans We love our chicken and [...]

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Who Are The Joneses?

Nov 08, 2011 Comments Off

You know the expression “keeping up with the Joneses”. It is known to be the main culprit of lifestyle inflation. I imagined the Joneses to be the next door neighbours once I bought my white picketed fence house. I thought they would be the ones to show up with a new luxury vehicle in their [...]

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2 Concepts That Changed Me

Nov 07, 2011 Comments Off

Here are 2 concepts that have changed the way I see my investment future. 1. Live below your means I learned this idea from my uncle who is a wise conservative investor. It doesn’t matter how much I make, whether it is $40 000 or $250 000 per year, I still need to live below [...]

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