May 2007 Net Worth Update (+3.04% )

It’s time again for my monthly net worth update – The May 2007 edition. This month has shown another modest increase mostly due to savings, a small tax return, and organic gains in my RRSP account. I had a question from a reader about my last net worth statement. The reader asked how I calculated…

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Myths about Leveraging into Equities – Part 2

Ed Rempel, a CFP and CMA, has been a regular guest poster on Million Dollar Journey. This article is continues from part 1 of the series “Myths about Leveraging into Equities“. 4. Leverage always increases risks What are the risks of borrowing to invest? Let’s assume the total risk is a combination of the 3…

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Myths about Leveraging into Equities – Part 1

Ed Rempel, a CFP and CMA, has been a regular guest poster on Million Dollar Journey. He has graciously written another great article for you to enjoy while I’m away on business. This Part 1 of 2. For this post, I am borrowing heavily from Talbot Stevens, whose writing about leverage was inspirational to me…

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Should I Incorporate my Small Business?

Here is another entry from Ed Rempel regarding if you should incorporate your small business. I was asked this question from Qubikal, but I asked Ed to answer as he has experience in this field. This topic was requested by a reader and is a question I am often asked. The issues are all tax…

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Passive Income Update – May 2007

It’s been a little while since I’ve last talked about passive income. To be completely honest, we’ve been more focused on saving and investing in capital appreciating products than generating passive income. Is passive income the key to financial freedom? I think that it could be! If your passive income can meet or exceed your…

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