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How To Generate More Income – Use AirBnB
One of the themes on this blog that I love discussing is how to build wealth. The concept is simple, in order to build wealth we have to either earn more, spend less or ideally, both. There are a million different ways to reduce your expenses but there aren’t nearly as many ways to increase your income.
Related: The Basics – Debt
In order to increase your income you’ll need to get a better ...
New Canadian Mortgage Rules – Amortization Explained
A few days ago the government announced new rules for mortgages, home equity lines of credit, debt refinancing and more. Canadian Finance Blog has covered many of these items in detail.
In order to illustrate why the change in amortization period from 30 years to 25 is so important, let’s look at an example (I love examples, can you tell?). I used this mortgage calculator to get the data ...
The Basics – Part 1 – Debt
As I mentioned in my first post, this blog is about more than just investing. Before one can invest, one needs money to invest with! This series of posts will start with the basics and eventually cover more complex topics.
To start at the beginning, and I mean the beginng, lets look at money over a person’s lifetime. When we are young we have no income and no debt, life is great! As we get older, ...
