I have to apologize to my faithful readers who were expecting some posts on Thursday (yesterday). Unfortunately my driver's license was suspended due to medical reasons so I cannot legally drive my …
Leverage Part 4: The Interest-Only Investment Loan
This is Part 4 in the series of Leverage (Borrowing to Invest). For a refresher, please visit Leverage Part 1, Leverage Part 2 and Leverage Part 3 before continuing.In this Part, we look at a …
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Mortgage Basics Part 1
A mortgage is just a fancy word to describe a loan that is secured by the property for which the loan was used for. In most cases the loan is for a house or condo. In the very strictest …
What is a Bond? Part 1
A Bond is one of the most basic types of investments. Investments can be broadly categorized into two main types: debt and equity (aka lending and owning). A bond is the most widely used …
Leverage Part 3: Interest deductibility of the loan
In Part 3 on the series on Leverage we are going to look at a tax benefit of borrowing money to invest. (NOTE: This does not apply to RRSP loans.) I STRONGLY recommend reading Leverage Part 1 and …
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How to save $13,000 on a $30,000 car!
Everyone knows that you have to save money - but many people just don't do it because they don't have a budget. Today I'm going to illustrate the financial advantage you have by saving for major …
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