Net Worth Update September 2013 (+1.19%)

Welcome to the Million Dollar Journey September 2013 Net Worth Update. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the progress of my journey to one million in net worth, hopefully by the…

Read More

Self-Employed Freelancer or Professional? How to File Your Income Taxes!

With fewer employers offering stable full-time positions, instead opting for part-time and contract work, self-employment is on the rise. According to the latest jobs numbers from Statistics Canada, self-employment rose 3.6 per cent in August 2013. With over 2.6 million Canadians relying on self-employment for their livelihood, it’s more important than ever to understand how…

Read More

How Regular and Synthetic Dividend Reinvestment Programs (DRIP) Work

Dividend Reinvestment Programs

The questions are still rolling in about investing small amounts per month, this time regarding the differences between a dividend reinvestment plan (DRIP)/stock purchase plan (SPP) and a synthetic DRIP that most discount brokerages offer. For those who are new to the concept, a DRIP is a way to automatically reinvest dividends received from a…

Read More

Net Worth Update August 2013 (+0.26%) – The Volatility Returns!

Welcome to the Million Dollar Journey August 2013 Net Worth Update. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the progress of my journey to one million in net worth, hopefully by the…

Read More