Dragging out of bed every morning and going to work is one of the key steps to building net worth. When it is -22 and dark for endless days in a row it can be a challenge but my pay cheques are the only way I have to build my net worth.
Currently my net worth is a negative number. I have $10 290 in investments. I owe $8 280 on my HELOC and $10 800 on my car loan. Assets less debt = net worth. My net worth is NEGATIVE $8 790. This is probably the highest net worth I have since I bought my first car and started making my first car payments in my early 20s. Continue reading
I am watching the Oscar red carpet and hoping Toronto Mayor Ford doesn’t show up. The gowns are lovely and so are the jewels. Some of the necklaces the actresses are wearing cost more than my house. The famous actresses get their gowns and jewelry loaned to them for free but some of the others in the crowd are wearing their own clothing and jewels. Expensive clothing and jewels.
When attending a professional event, the Academy Awards are just an extremely fancy work function, Continue reading
Sometimes It Is Embarrassing To Be Canadian
Justin Bieber turns 20 this week and has made the cover of Rolling Stone with the headline Bad Boy. I am not posting the photo because he his holding his crotch and that is not something normal people do in public. No more excuses when this guy makes mistakes. It is not teenage experimentation or angst anymore because he is all grown up. Anything he does will just prove my point that he is just an arrogant, drug abusing jerk. Continue reading
This week a couple in California are sending very old gold coins to auction. They found those coins buried in cans on their property and the coins may be valued at $10 000 000. Digging a hole was the old way of hiding money.
Credit Suisse, a Swiss bank, helps people hide their money in much more modern ways. If you need to hide cash just deposit it in a secret Swiss bank account. No need to tell your own government that you are hiding assets in another country. Continue reading
Money tensions at work this week. The kind that brew under the surface as the whispers near the locker spread to small group conversations near the filing and in the open areas later in the evening when there is much less staff.
Each level of staff knows the pay scale of every other level of staff so there aren’t a lot of money secrets at work when you know how much all of those around you make. We don’t know what the bosses make but we know how much the other workers make. What we all do with our money is always a source of gossip and when something about money is said in front of 3 or 4 coworkers you can be guaranteed that many others will know by the end of their next shift. Continue reading
Life Is All About Who You Talk To
2 weeks ago I tried to move money and stocks from my TFSA brokerage account to my RRSP brokerage account before the RRSP contribution deadline at the end of February for 2013 tax returns. I want to maximize me RRSP contributions for 2013 to increase the size of my tax return to pay off my HELOC faster.
The Canadian government allows contributions made in January and February of this year to be counted in the previous year.
I called a guy at the brokerage Continue reading
Many of you may know that I had to loan $1 900 to the older of my 2 sons last fall because he came up short for his university tuition. He made enough money but he blew it on a trip and a lot of fun. Many people thought that I should have left him without the loan but I felt stuck.
I am trying to pay off my HELOC and I had to take an extra $1 900 from it to loan my son. It set my debt repayment back for by several months.
My parents quit helping me when I finished college. Continue reading
This is a post about sacrificing to save but I could have entitled it My Dumbest Financial Move Of 2014 (So Far).
I am half way through undertaking a 3 month no spend challenge. It has been fairly easy up until now. Give up fast food, eat what you have, eat what you cook or at least eat what you open a can of, skip going out and on an on. Easy so far. Easy until yesterday. Yesterday I may have hit my extreme savings breaking point. Continue reading
I have taken a sick day. This is a very rare occasion and you know I am really sick when I actually stay home.
I do get paid for the sick day and I should probably take them more often but we are often understaffed and it is very hard on everyone else when even 1 person is absent. I am only taking this 1 day and the work will be piled up waiting for me tomorrow. I won’t take 2 days. 1 day for the drugs to start working and to get rested up should give me enough energy to get through tomorrow.
I went to the walk in clinic 15 minutes before Continue reading