I’m sharing the following bit of wisdom respecting the mortgage cash account. I don’t think this is a particularly good option for mortgage-holders, but I’m trying to keep an open mind. The Mortgage Cash Account My bank holds the mortgage on my rental property. I make bi-weekly payments on my rental property because I want […]
Longtime readers of this blog are familiar with my plan to build an army of little money soldiers. Each soldier is a dividend-producing unit in my investment portfolio. Every month, I direct money to my brokerage account and buy as many units as I can afford in my preferred exchange traded fund. I’m not proficient […]
This week, I was very sad after reading an article in the Walrus about how so many people in Canada go hungry on a regular basis. The article reminded me that being able to eat every day is a privilege that I take for granted. I have enough money so I can go to various […]
This week, I had the pleasure of reading a fantastic article about saving for financial independence and early retirement that was written by Mr. Tako of www.mrtakoescapes.com. In this magnificent article, Mr. Tako discusses his surprise that anyone would view his choices as “hardcore” on his pursuit to financial freedom. By following his own plan, […]
What is a Home Equity Line Of Credit? Short answer – it’s a debt trap that’s best avoided. At its heart, a HELOC is a debt product that banks offer to homeowners which permits the homeowner to go into debt by spending the equity in their home without selling it first. For example, if you […]