Archive for the “Savings” category — Page 2

Should I rent or buy a home?

024th Oct 2011Canadians, Freedom, Market crash, Money, Real Estate, Savings, Vancouver, Vancouver Real Estate Bubble

Interesting and useful calculator to explore the pros and cons of buying vs renting.

Extremely useful tool to use prior to taking the plunge in the current Vancouver Market.



Should I rent or buy a home?

Calculators | Investor Education Fund.


The Troubled Future of Real Estate

06th Oct 2011Canadians, Freedom, Market crash, Money, Savings, , , , , , ,

Excellent blog post by Garth Turner on the Real Estate Markets.

On Wednesday many thousands of people swarmed Lower Manhattan. It was part of a movement called OccupyWallStreet. Some marched because they cannot find jobs. Some because they’ve lost their homes. Some because of debt, after costly education for work which doesn’t exist. Some because hope is gone.

This is a seminal movement. It’s harnessed the power of communication, so growth is infinite. Alienated people, in enough numbers, can change everything. So long as it’s apparent that getting a degree, working hard and playing by the rules gets you unrepayable debt, zero job security and no chance at the house or retirement your parents had, alienation will continue. The named target is corporate greed. But it’s a protest against failed expectations.

About the time this was happening, Doug in Vancouver read yesterday’s blog and sent me this:

We’ve been hearing the same fodder from “experts” year after year for the past 5 or 6 years about the unsustainability of Vancouver housing prices…and their apocalyptic opinions continue to be wrong. I assume you don’t live in Vancouver. If you did, you’d know that the local, national and international clientele who have decided to make this beautiful city their home really don’t care about anyone’s household income, or whether people can afford to buy a home here or not. Its not about them…its about those who can afford it here. Simple. Can’t afford it…move to Manitoba.

Kind of makes you want to occupy Yaletown and carry Doug’s head on a stick, doesn’t it?


Book and Weblog – Authored by Garth Turner — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate.

A one of a kind Social Trading Network

030th Sep 2011Canadians, Money, Online Income, Savings, , , ,

Introducing eToro – a one of a kind Social Trading Network

See. Follow. Copy. That’s the promise of eToro’s latest trading innovation – the OpenBook social trading network:

  • See for yourself how the million members of eToro’s community are trading right now
  • Follow the strategies of the top traders and spot new trading opportunities for yourself
  • Copy any trade that you want to, at the click of a button

OpenBook can help countless traders transform their trading for the better.

OpenBook is a giant leap forward for social trading communities because it lets traders interact with each other as never before and use their interaction to deliver real benefits to their trading: live and in real time. Traders can use the OpenBook to share information and tips with each other and to learn new and better approaches to trading. By interacting across the OpenBook network with experienced traders, even absolute beginners can put the knowledge of experienced traders to work in their own trading.

Opportunity For Every Trader

There’s a lot in the OpenBook that’s suited to every kind of trader, regardless of their level of experience.

  • If you’re an experienced trader you can interact with other trading pros and share knowledge for mutual enrichment.
  • If you’re new to trading or a relative beginner you can pick yourself a guru, follow their strategy and start earning the benefit of their experience by copying their trading action

Click here to learn more and try OpenBook for yourself. A whole world of trading opportunities awaits.

How To Live Rich For A Lot Less –

127th Sep 2011Canadians, Freedom, Money, Savings, , , ,

Almost everybody wants a piece of the high life, even if we all have different ideas of what exactly that means. For some, that provides the motivation to work a little harder, save a little more and make tough choices. Other people, though, find it much harder to resist the impulses and get themselves into financial trouble by living a little too high on the hog. (The Oracle of Omaha has a net worth in the billions, but his lifestyle is not as rich as you may think. Check out Warren Buffett’s Frugal, So Why Aren’t You?)

For those looking to enjoy a bit more of the good life without overextending themselves, here are a few ideas to consider.

Read more: How To Live Rich For A Lot Less –

It’s Tax Freedom Day, but only death brings real tax freedom

06th Jun 2011Canadians, Freedom, Money, Savings, Tax, Taxation, Taxes, , , , , , ,

By Gordon Clark, The Province June 5, 2011

Stick a candle in a cake and blow it out: we’ve all got something to celebrate. (On second thought, you’d better not light those candles. You don’t want to add to your carbon footprint.)

If you believe the Fraser Institute (and who doesn’t?) Monday is Tax Freedom Day in British Columbia, the day “the average Canadian family has earned enough money to pay the taxes imposed on it by the three levels of government.”

We’re lucky we remain such a cosmically underdeveloped species and so far classified as “untaxable” by the Intergalactic Council, or we’d have a fourth level of government to worry about.

I suppose I should be more excited by Tax Freedom Day, but I’m not. I’m holding off our household’s carbon-neutral celebrations involving Judeo-Gaelic folk-dancing and rooibos tea until Mortgage Freedom Year, which should occur, given our dubious decision to buy a house in Vancouver, sometime in the 2070s as long as we stick to our accelerated bi-daily payment schedule with the bank.

According to the Fraser Institute, the average B.C. family earning an average of $85,745 in 2011, will pay an average of $36,611 in total government-imposed income, sales, liquor, tobacco, amusement, excise, auto, fuel, carbon, motor-vehicle licence, transit, social security, pension, medical, hospital, property, import, profit, natural resource, and other taxes, duties, levies and fees.