Archive for Savings

Most People Don’t Get It (Wealth That Is)

Dec 13, 2012 3 Comments

Why is it that the majority of the population dreams to get rich but never do. Why is it that university educated people may spend 10+ years struggling to repay their student loans and never see the fortunes promised to them which is why they went to school in the first place. The bulk of [...]

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Goldeneer’s Hierarchy Of Wealth – Fallacy Of Saving

Dec 12, 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. Joe is a friend who is stuck at the Savings stage. He is incredibly frugal and [...]

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Frugality, The New Generation’s Interest

Dec 11, 2012 2 Comments

I’ll admit, I’m frugal. Read this carefully, I’m not cheap. I tip well. I will buy high quality items when there’s a need. I will pay for other people’s food when hosting a BBQ. I will offer someone a car ride. On the other hand, I refuse to pay retail prices unless I absolutely have [...]

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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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