Million Dollar Journey

Building Wealth through Saving and Investing

Welcome to Million Dollar Journey! If you're new here, you can learn about me, read our user guide, and even follow my net worth updates. A great place to start reading is with the popular articles located in the right side bar. If you would like to join thousands of others and keep up with the free daily updates, you can subscribe to the RSS feed via reader or E-mail.

On your way out, make sure to check out the exclusive Million Dollar Journey Freebies and Deals.

GlobeInvestor Exclusive Offer and Weekend Reading





GlobeInvestor Special Offer

If you are a personal finance enthusiast, you are likely a follower of GlobeInvestor.com.  As of last year, they installed a pay-wall which adds a monthly fee for accessing their articles (you still get 5 free articles a month).  It typically costs $0.99 for the first month, then $19.99 for every month after.  For a limited time, they are extending the $0.99 price to three months through this link:

Sign up for GlobeInvestor $0.99/month for 3 Months

Disclaimer: GlobeInvestor has purchased banner advertising space to promote this offer.

Weekend Reading

The Bitcoin bubble may or may not burst anytime soon but a Canadian Money Forum member sought insights by asking Who got in on Bitcoin early?

Many small business owners may reach a point when they start to wonder if they should incorporate their business. The Blunt Bean Counter helps out through his post: Should You Transfer Your Sole Proprietorship into a Corporation?.

TFSA contributions are made with after-tax money and for readers wondering how this tax bite fares against typical mutual fund fees that erode one’s savings, Michael James on Money looks at Which Takes a Bigger Bite from Your TFSA: Income Taxes or Mutual Fund Fees?.

Becoming a lawyer is probably viewed as a lucrative endeavor due to the profession’s high incomes and subsequent possibilities in life. Balance Junkie looks at Why It Stinks to Be a Lawyer.

Trusts are possibly deemed to be a product that serves the rich but Retire Happy Blog offers clarity by Making sense of Trusts.

There are at least a few lesser-known benefit programs and provisions in the Canadian system. Boomer and Echo finds and writes about one called CPP’s Child Rearing Dropout Provision.

It is easy to go overboard with buying items (as gifts or for personal use) during the holiday season but Sustainable Personal Finance arrives in time by showing How to Limit Materialism During the Holidays.

Inflation has been low in the recent past but the Canadian Personal Finance Blog discusses November 2013 CPI data at Christmas CPI Data Ho Ho Ho and offers a clearer picture.

In essence, any profitable trade (stock market or otherwise) is governed by the ‘buy low, sell high’ mantra. Young and Thrifty tells readers How to Make Sure You Buy Low, Sell High, and Ignore Everything Else.

Holidays are a time to rejoice with family but it may also be the time to remain mindful and face/handle annoying members of the extended family. Zen Habits shows us how to use Family Gatherings: The Ultimate Mindfulness Training Ground

Check out an interview I had with mint.com on how to build wealth.

My Own Advisor, an avid dividend investor, is up to $7,600 per year in dividend income!





5 Comments, Comment or Ping

  1. 1. Emilio

    Wanted to point out that the article “why it sinks to be a lawyer” talks about the usofa. None of the points mentioned in that article applies to practising law in Canada, 0, zilch, nada… Dont have the time to go over them but anybody familiar with the Canadian legal system and the Canadian legal education would understand.

    The only thing that stinks about being a lawyer in Canada is how difficult it is to get admitted to law school. If the US learned from this model they wouldn’t have any of these challenges for this profession either….

  2. The only thing I did early with Bitcoin was establish that I couldn’t break the cryptography they use. Thanks for the mention.

  3. Always thankful for the mention FT!

    Have a great weekend I look forward to you coming close to cracking the $1 M in net worth barrier later this year :)

    Mark

  4. 4. Richard

    @Emilio, I also noticed that it wasn’t written by a lawyer. And it asks you to guess the statistics that apparently prove the point (and never provides them). The conclusions sounds like it’s based on mega-firms so it’s probably not even accurate for all lawyers in the US. Very curious…

    I would imagine another downside of being a lawyer in the US is being associated with those guys who have a 7-story tall picture of their face with the words “yes you can sue them!” next to it :) For things a Canadian wouldn’t expect to see that ranks up there with ads for hip surgery and signs that say “please leave your firearms outside the bank”.

  5. Thanks for the mention, unfortunately the job numbers for December were not as good a story.

    Trackbacks

Reply to “GlobeInvestor Exclusive Offer and Weekend Reading”

Subscribe without commenting



Get the Latest

    Join 25,000+ Subscribers via:

      

Money Tips Newsletter

Premium Sponsors



Recent Comments

  • Anon: I see someone not diversified, and very low on liquid assets. I would sell some of the properties and research...
  • Jamie: Hi Karl, Can you not use your corp to split income between you and your wife? There is a big difference in...
  • Karl: Mikek The rental I sold was held jointly with family members and was under a corp so once the decision was made...
  • Mikek: I strongly disagree with the sale of the properties. I myself own 4 properties and my net worth has been...
  • Karl: Thanks Nobeleea Coming up on 10 years of marriage, Me and We are interchangeable in our relationship as well....
  • nobleea: Really guys? You’re going to pschoanalyze their marriage based on a small phrase? In a solid marriage,...
  • Nikolai: One important tip for TD Waterhouse customers who transfer their accounts out of TDW. Once the account is...
  • Cold Truth: @ Micheal Yeah, that caught my eye too. My suspicion is they are recently married, as in < 3 years....
  • Krish: This look like my story. Immigrated to Canada 8 years back, completed my masters in 2011. Started with a Job...
  • ThinkingAheadNow: Hi Ed, Thanks for breaking down various options for me! Sorry if I didn’t explain this well...
 css.php