Comments on: Celebrating 3 Years of Million Dollar Journey: Day 2

By: Oil Baron

Oil Baron — Thu, 17 Dec 2009 00:22:38 +0000

If you want to buy something (in my case over $50), think on the justification for it for 2 days. If you still want it, get it.

By: Elizabeth

Elizabeth — Wed, 16 Dec 2009 21:33:49 +0000

One of my best personal financial tips is to put my spending into two categories of “needs” and “wants”. The “needs” are what you have to spend on and the “wants” are more luxury items. If my “needs” are filled first, then I can decide on a “want”. I never lose with this philosophy. Great Contest and Congratulations!

By: Alan

Alan — Wed, 16 Dec 2009 18:43:56 +0000

Be wise with your big purchases. You can be frugal for months and then blow all those savings with one big bad decision.

By: Igor

Igor — Wed, 16 Dec 2009 06:26:21 +0000

> finance or investing tip
Do not pay out mortgage or any other low rate long term debt if you can have higher rate of return for this money elsewhere.
You are unlikely to get a loan with such low rate anyway

By: Bryce

Bryce — Tue, 15 Dec 2009 20:39:36 +0000

Reduce bad debts and live within your means.

By: Jayne Doe

Jayne Doe — Tue, 15 Dec 2009 20:15:55 +0000

RESEARCH! and Compare Like Products! Nothing is ever as good as advertised – if the Marketers and PR personnel are doing their job ;) – and by shopping around, you might find something that better suits your needs.

Oh, and I also charge everything on my cash rebate CC, and pay the balance in full each month.

By: CJ

CJ — Tue, 15 Dec 2009 17:03:32 +0000

budget, pay yourself first, start early… I’m following you on Twitter as well

By: lhowes

lhowes — Tue, 15 Dec 2009 16:15:55 +0000

Pay yourself first, and do something different.
Doing the same things over and over and getting the same bad results is not productive.

By: Nathan

Nathan — Tue, 15 Dec 2009 16:00:01 +0000

Use the couch potato method and invest it and forget it! Let that nestegg grow.

By: Chris Serran

Chris Serran — Tue, 15 Dec 2009 15:07:03 +0000

My best tip is to do something – anything – to take a step in the right direction. Set up a continuous savings plan, clip coupons, get cash envelopes, review your finances, make your own lunch, follow stocks, read books – as long as you continue to be interested and do something, you’re bound to learn and the more you learn, the better off your investing will be.

By: Susan

Susan — Tue, 15 Dec 2009 14:48:16 +0000

I have a separate savings account for Christmas in which I have an automatic transfer set up to take from my chequing bi-weekly on my payday starting in January of each year. There is no need to be anxious when Christmas arrives as the money is there when the credit card bill arrives in January!

By: David Hutchison

David Hutchison — Tue, 15 Dec 2009 12:57:32 +0000

We have an account for our kids and the money the Canadian Government gives us for having kids (how great is that?) goes straight in there….we never miss it and it provides each year for a good start to an RESP.

By: James

James — Tue, 15 Dec 2009 11:31:53 +0000

Make saving something tangible.

I was having a hard time convincing my wife to budget, I had spreadsheets, charts, etc… didn’t impress her. Withdrew cash from the ATM put it in some jars told her we could only spend this amount…and VOILA!!! We are actually sticking to the budget now.

By: Josh

Josh — Tue, 15 Dec 2009 07:55:10 +0000

One of the best and easiest personal finance tips I like to share with friends and family is to get a VISA or Mastercard with a good rewards program (and preferably no annual fee) and use it for EVERYTHING, then pay it off monthly. Why use debit and cash when you can earn something back on your purchases for free??

By: Jane

Jane — Tue, 15 Dec 2009 05:25:58 +0000

Pay everything BEFORE the due date especially if you use internet or telephone banking – will save on the late charges

By: InstruMike

InstruMike — Tue, 15 Dec 2009 04:59:57 +0000

Take control of your investments and the sooner you start the better off you’ll be.

By: Simon

Simon — Tue, 15 Dec 2009 04:48:53 +0000

1. HSBC Business Direct Account – save banking fees for your business A/C
2. Read Milliondollarjourney.com every day!

By: TKO

TKO — Tue, 15 Dec 2009 04:03:52 +0000

Buy a house w/ rental income potential.

By: Gord Lemon

Gord Lemon — Tue, 15 Dec 2009 03:42:12 +0000

I have 2 financial suggestions:

1) Bank with PC financial – no fees (chequeing, debit) plus you receive points that you can trade for free groceries.

2) CIBC dividend visa – no fees and cash back at the end of the year.

By: Joe

Joe — Tue, 15 Dec 2009 03:39:33 +0000

Educate yourself in financial matters and take charge of your own investing strategy